https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
Avient also references “pro forma” financial metrics, which include the results of the proposed Dyneema acquisition.
Purchase price multiple rapidly declining on strength of business and synergy capture (1) (1) (1) Financial information is pro forma to include a full year of Clariant Color acquisition ($ in millions) 11.9% 16.2% 2019PF 2021 EBITDA Margins (1) SPECIALTY TRANSFORMATION 7% 46% 66% 86% 100% 0% 20% 40% 60% 80% 100% 2005 2010 2015 2021 2022 PF % o f A dj us te d EB IT D A(1 ) JVs Distribution Performance Products & Solutions Specialty (1) Adjusted EBITDA is EBITDA excluding corporate costs and special items (2) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution (2) 38 CULTURE AND PEOPLE 39 OUR SPECIALTY JOURNEY CONTINUES 40 • Dyneema® brings leading technology and brand with the World’s Strongest Fiber™, deep history of application development and strong management team focused on specialty applications • Dyneema® transaction is aligned with our previously stated acquisition goal of expanding our composites and fiber capabilities • Similar to our other technology expansion acquisitions, Dyneema® allows us to leverage our invest-to-grow strategy • We plan to explore a possible sale of our Distribution business.
Financials are pro forma for the acquisition of Dyneema® and potential divestiture of Distribution Avient Specialty Formulators Other Specialty / Chemical Companies 45 Source: Peer data per Bloomberg market data as of April 21, 2022 Total Enterprise Value / NTM EBITDA With the Dyneema and Clariant Color business acquisition and divestment of the PP&S business, along with the proposed sale of our Distribution business, our exposure is now concentrated in less-cyclical and high-growth markets.
https://www.avient.com/contact-0?area_of_inquiry=vinyl-formulations
Formerra (Avient Distribution)
Dyneema®
https://www.avient.com/contact-0?area_of_inquiry=colorant-chromatics
Formerra (Avient Distribution)
Dyneema®
https://www.avient.com/contact-0?area_of_inquiry=thermoplastic urethanes
Formerra (Avient Distribution)
Dyneema®
https://www.avient.com/contact-0?area_of_inquiry=screen printing inks
Formerra (Avient Distribution)
Dyneema®
https://www.avient.com/contact-0?area_of_inquiry=advanced composites
Formerra (Avient Distribution)
Dyneema®
https://www.avient.com/contact-0?area_of_inquiry=polymer additives
Formerra (Avient Distribution)
Dyneema®
https://www.avient.com/contact-0?area_of_inquiry=polymer colorants
Formerra (Avient Distribution)
Dyneema®
https://www.avient.com/contact-0
Formerra (Avient Distribution)
Dyneema®
https://www.avient.com/contact-0?area_of_inquiry=cast acrylic
Formerra (Avient Distribution)
Dyneema®