https://www.avient.com/investor-center/news/avient-announces-registration-details-december-4th-investor-day
A webcast of the event can be also viewed live at www.avient.com/investors.
For more information, visit https://www.avient.com.
Investor Contacts
https://www.avient.com/investor-center/news/avient-hold-fourth-quarter-2020-conference-call
www.avient.com/investors
For more information, visit www.avient.com.
Investor Contacts
https://www.avient.com/sites/default/files/2020-11/investing-in-avient_0.pdf
AVIENT CORPORATION
(NYSE: AVNT)
N O V E M B E R 2 0 2 0
D I S C L A I M E R
2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Leverage is calculated as Total Debt – Cash / EBITDA
2. 2020 Pro forma for the acquisition of the Clariant Masterbatch business
Source: Bloomberg market data as of November 9, 2020
Median: 3.0x
(2
)
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
2.9x
2.5x
0.4x
1.7x 1.7x
2.6x
3.1x
4.3x
-0.2x
1.9x
2.2x 2.2x
2.3x 2.5x
2.7x
3.0x
3.3x
3.5x
3.7x 3.8x
4.3x 4.4x
5.8x
A
v
ie
n
t
(2
0
P
F
)
A
v
ie
n
t
(2
1
E
)
G
C
P
P
P
G
A
V
Y
R
P
M
K
W
R
F
U
L
S
C
L
B
N
R
F
M
C
C
E
E
C
L
A
S
H
H
U
N
E
M
N
G
R
A
IF
F
A
L
B
U
N
V
R
H
X
L
F
O
E
K
R
A
Median: 2.1x
T H E C U R R E N T AV I E N T VA LUAT I O N D I S C O N N E C T
20
Our transformation and business model are still being
understood, and as a result, we are currently trading at a
discount to peer companies
Our financial metrics are consistent with specialty
formulator peers, yet our EBITDA multiple is at a 4.1x
discount to peer companies
Ongoing synergy capture is another value creation lever
that is unique to Avient
This creates a compelling investment opportunity
Total Enterprise Value / 2021E EBITDA (1)
Our current valuation implies an
EBITDA multiple that is significantly
below specialty formulator peers and
our historic valuations, when the
company had considerable exposure
to more cyclical and challenging end
markets.
SEGMENT HIGHLIGHTS
Packaging
37%
Consumer
22%
Healthcare
8%
Industrial
14%
Building &
Construction
8%
Transportation
6%
Wire & Cable
3%
Electrical &
Electronics
2%
C O L O R , A D D I T I V E S & I N K S
2 0 2 0 P F R E V E N U E | $ 2 . 0 B I L L I O N
$9
$320
2005 2020PF
2.0%
15.9%
2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business
US & Canada
32%
Europe
39%
Asia
23%
Latin America
6%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
24
$5
$120
2005 2020E
US & Canada
59%
Europe
23%
Asia
18%
Consumer
23%
Healthcare
10%
Packaging
6%
Wire & Cable(1)
25%
Electrical &
Electronics
14%
Industrial
10%
Transportation
10%
Building &
Construction
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
2 0 2 0 E R E V E N U E | $ 7 0 0 M I L L I O N
0.9%
17.1%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
25
(1) Approximately 50% of Wire and Cable sales are associated with Fiber Optic Cabling
Healthcare
30%
Consumer
24%Packaging
3%
Industrial
19%
Transportation
15%
Electrical &
Electronics
4%
Building &
Construction
4%
Wire & Cable
1%
US & Canada
79%
Asia
2%
Latin
America
19%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
D I S T R I B U T I O N
2 0 2 0 E R E V E N U E | $ 1 . 1 B I L L I O N
$20
$70
2005 2020E
2.9%
6.3%
K E Y S U P P L I E R S
26
AMERICAS EUROPE ASIA
Consumer
26%
Healthcare
19%
Packaging
13%
Industrial
16%
Wire & Cable
7%
Building &
Construction
5%
Electrical &
Electronics
4%
Packaging
35%
Consumer
14%Healthcare
6%
Industrial
17%
Wire & Cable
10%
Building &
Construction
8%
Electrical &
Electronics
3%
Packaging
32%
Consumer
26%
Healthcare
12%
Industrial
7%
Wire & Cable
6%
Building &
Construction
4%
Electrical &
Electronics
9%
Transportation
10%
Transportation
7%
Transportation
4%
2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business
T O T A L C O M PA N Y R E G I O N A L S A L E S
B Y E N D M A R K E T
(58% of sales) (25% of sales) (17% of sales)
27
https://www.avient.com/news/planetpak-delivery-system-reduces-waste-and-improves-recyclability
Media contact
Peter Bredenkamp
Senior Marketing Communications Specialist
PolyOne ColorMatrix
+44(0)7794 006170
peter.bredenkamp@avient.com
Media Relations Contacts
https://www.avient.com/news/reduce-material-costs-and-improve-processing-new-foaming-fluoropolymer-wire-insulation-technology
Media contact
Peter Bredenkamp
Marketing Communications Specialist
PolyOne ColorMatrix
+44(0)7794 006170
peter.bredenkamp@avient.com
Media Relations Contacts
https://www.avient.com/investor-center/news/avient-hold-third-quarter-2020-conference-call
www.avient.com/investors
For more information, visit www.avient.com.
Investor Contacts
https://www.avient.com/company/sustainability/sustainability-report/reporting/sasb
Total Water-Related Number of Violations: 0
Metrics —Planet Metrics Page 85
PSIC: 0
2.
Number of Transport Incidents: 0
Metrics—People Metrics Page 84
https://www.avient.com/investor-center/news/avient-expands-2030-sustainability-goals-and-highlights-esg-impact-latest-sustainability-report
For more information, visit www.avient.com.
news library online, please visit www.avient.com/news.
Investor Contacts
https://www.avient.com/news/new-liquid-shimmer-and-frost-colors-polyone-add-style-pet-containers
Media contacts
Morag Girdwood
Marketing Communications Manager
PolyOne Global Color and Additives
+44(0) 7890 563137
morag.girdwood@avient.com
Media Relations Contacts
https://www.avient.com/news/click-here-new-cosmetics-microsite-featuring-gsdi-colorsperse-silicone-colorants-focuses-innovative-formulators
Media contact
Peter Bredenkamp
Marketing Communications Specialist
PolyOne ColorMatrix
+44(0)7794 006170
peter.bredenkamp@avient.com
Media Relations Contacts