https://www.avient.com/sites/default/files/2025-01/AVNT Dec 2022 Earnings Presentation Updated.pdf
We partner with Brand Owners / OEMs, processors and
assemblers to enable their goals in applications like packaging,
healthcare, consumer goods, transportation, wire & cable,
building & construction and textiles.
O P S )
21
Sales Adjusted EBITDA
$818
$823
2021 2022
+ 1%
Adjusted EPS
+ 8% - 3%
(in millions) (in millions)
(+ 9% excluding FX) (+ 18% excluding FX) (+ 5% excluding FX)
Q3 EBITDA BRIDGE
( P R O F O R M A T O TA L C O M PA N Y )
22
Price increases more than
offset raw material and
supply chain impacts
$ millions
CAI:
68Price / Mix
(44)Inflation
SEM:
41Price / Mix
(26)Inflation
39Net Price Benefit
(14)Wage and Energy Inflation
6Clariant Color Integration Synergies
14Incentives, Other Employee Costs
(11)FX
$137 Q3 2022
Adjusted
EBITDA
$ 142Q3 2021
(39)Demand
Q3 2022 SEGMENT PERFORMANCE
23
CAI
$587
$566
Sales
($ in millions)
$93 $93
EBITDA
SEM Pro Forma
$326 $319
Sales
$70
$62
EBITDA
(+ 4% excluding FX)
- 4% - 2%
(+ 5% excluding FX)
Flat
(+ 7% excluding FX)
- 11%
(- 7% excluding FX)
$500
$585
Cont.
Ops Pro Forma
Adjusted EPS
(in millions) (in millions)
25
SUMMARY
• Executed the plans we laid out earlier this year
• Completed the Dyneema acquisition and Distribution divestiture
amid challenging market conditions
• Paid down debt and expect to finish the year modestly levered at
3.1x net debt to 2022 pro forma adjusted EBITDA
• Expect $200 million of free cash flow in 2022
• Entering an economic slowdown with a portfolio that is better
positioned than ever before
• Updated our EPS guidance to $2.60 from continuing operations
APPENDIX
Performance
Additives
15%
Pigments
13%
TiO2
11%
Dyestuffs
3%Polyethylene
12%
Nylon
6%
Polypropylene
5%
Other Raw
Materials
30%
Styrenic Block
Copolymer
5%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
27
• From Q2 to Q3, we have seen a 7-10%
sequential decline in certain
hydrocarbon-based raw materials
• Other raw materials such as
performance additives and pigments
have shown moderate inflation
sequentially from Q2 to Q3
Annual Purchases
RAW MATERIAL AND SUPPLY CHAIN UPDATE
Based on 2021 purchases, excludes Avient Protective Materials
SEGMENT DATA
U.S. & Canada
40%
EMEA
35%
Asia
20%
Latin America
5%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
21%
Packaging
23%
Industrial
15%
Building and
Construction
10%
Telecommunications
4%
Energy
4%
Defense
6%
END MARKET REVENUE
(1) Total company adjusted EBITDA of $585M includes corporate costs.
https://www.avient.com/news/archives?page=12
Dyneema® Launches New Website and Brand Identity, Showcasing the Strengths It Brings to Its Value Chain
https://www.avient.com/investor-center/news/avient-updates-third-quarter-and-full-year-2022-forecast
The acquisition of Dyneema closed on
Dyneema
and resulting supply chain issues and inflation.
https://www.avient.com/news/avient-feature-sustainable-solutions-fiber-itma-2023
In addition to its colorant and additive solutions, Avient will also exhibit its MagnaColours® ITO range of textile dyes, chemicals, and functional finishes.
ITMA is the world's largest annual international textile and garment technology exhibition taking place June 8-14, 2023, at Fiera Milano Rho in Milan, Italy.
Dyneema®, the world’s strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports
https://www.avient.com/sites/default/files/2022-04/Avient Announces Agreement to Acquire Dyneema_0.pdf
AVNT-2022.03.31-News Release - Dyneema
1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Avient Announces Agreement to Acquire DSM Protective Materials
(Dyneema®) and Plans to Explore Sale of Distribution
CLEVELAND – April 20, 2022 – Avient Corporation (NYSE: AVNT), a leading provider of
specialized and sustainable material solutions, today announced that it has entered into an
agreement with Royal DSM (“DSM”) to purchase the DSM Protective Materials business
(including the Dyneema® brand) (the “Dyneema business”).
Estimated sales and EBITDA for the Dyneema business in 2022
are approximately $415 million and $130 million, respectively.
The non-GAAP financial measures include estimated 2022 Dyneema
business and Composites Platform pro forma EBITDA.
https://www.avient.com/news/white-new-white-polyone-launches-wilflex-universal-white-ink-textile-screen-printing
Homepage
//
News Center
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White is the New White: PolyOne Launches Wilflex™ Universal White Ink for Textile Screen Printing
It can also help simplify supply chain management and reduce inventory costs.
https://www.avient.com/industries/packaging/industrial-packaging
We provide materials for industrial packaging converters to help them deliver protective packaging that endures the rigors of the supply chain while letting the product shine through at retail.
Textiles
Explore solutions to keep your supply chain churning with strong and durable materials
https://www.avient.com/news/avient-s-taiwan-site-gains-grs-40-accreditation-extending-list-environmentally-certified-sites
Through GRS’s third-party verification process, the Taoyuan facility’s operation demonstrated responsible social, environmental, and chemical practices throughout its production chain.
Avient is committed to helping customers seize opportunities and achieve sustainability goals along the value chain.
Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports
https://www.avient.com/news/avient-s-singapore-production-facility-receives-iscc-plus-certification-bio-derived-materials
The ISCC PLUS certification uses a mass balance chain-of-custody approach, which involves third-party accounting and tracking of the bio-sourced content in materials.
This method accurately accounts for and traces bio-derived feedstock throughout the value chain, from the raw materials to the final product.
Our expanding portfolio of offerings includes colorants, advanced composites, functional additives, engineered materials, and Dyneema®, the world’s strongest fiber™.
https://www.avient.com/news/avient-earns-2023-refocus-sustainable-innovation-design-award-pcr-color-prediction-service
The PCR Color Prediction Service is the latest addition to our growing portfolio of services and solutions specifically created to support a circular economy by improving the customer experience of working with PCR content, designing out waste and pollution, keeping products and materials in use, and regenerating natural systems across the value chain.
The Plastics Industry Association (PLASTICS) is the only organization that supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $468 billion U.S. industry.
Dyneema®, the world’s strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports