https://www.avient.com/resources/safety-data-sheets?page=2337
PX11512A (9530) HOT MELT PLASTISOL
9785 Rev B Self-Adhering Plastisol
PN0299A BLACK FILTER PLASTISOL
https://www.avient.com/resources/safety-data-sheets?page=1948
ARTIC BLEND PLASTISOL
CYPRESS PLASTISOL
9107-F-2 BLACK PLASTISOL
https://www.avient.com/resources/safety-data-sheets?page=1170
9402-2 BLACK PLASTISOL
PX-9295-E BLACK PLASTISOL
PX-12694-A SELF ADHERING PLASTISOL
https://www.avient.com/resources/safety-data-sheets?page=458
PX-20487-B/BLACK THERMOSET PLASTISOL
PX-19486-C ORANGE RACK PLASTISOL
PX-19486-F BLACK RACK PLASTISOL
https://www.avient.com/resources/safety-data-sheets?page=7179
XP185 PLASTISOL YELLOW
XP187 PLASTISOL PURPLE
XP188 PLASTISOL PURPLE
https://www.avient.com/industries/consumer/consumer-discretionary/home-household/pet-care-supplies
CORE™ Non-Phthalate Plastisols
Non-Phthalate Vinyl Plastisols: CORE™
Plastisols that provide the durability and flexibility you need without phthalates
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
CORE™ Vinyl Plastisols
CORE™ Bio-based Vinyl Plastisols
CORE™ Non-Phthalate Plastisols
https://www.avient.com/resources-0?document_type=59&document_subtype=0&industry=0&product_family=0&product_name=0&op=FILTER RESULTS&form_id=resource_filter_form&page=7
Plastisols provided needed quality and performance for this aircraft interior OEM
CORE™ Vinyl Plastisols provided a plastisol solution to enhance performance and processing for radiation protection aprons
https://www.avient.com/investor-center/news/avient-announces-second-quarter-2022-results
Color, Additives and Inks
Color, Additives and Inks
Color, Additives and Inks
https://www.avient.com/sites/default/files/2021-02/avient-ir-presentation-goldman-sachs-and-morgan-stanley.pdf
D is t. ) R P M P P G K W R F U L A V Y G C P IF F F M C H X L H U N E M N F O E E C L K R A S C L A S H C E G R A A LB Median: 5%Median: 3% Source: Peer data per Bloomberg market data as of February 5, 2021 Avient reflects 2021 estimated revenue of $4,100M and excludes one-time synergy capture CAPEX ($20M) Avient Specialty Formulators Other Chemical/Specialty Companies Free Cash Flow Conversion (1) 2021E (%) Being asset light helps us to generate strong free cash flow that is in line with specialty formulators.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA Median: 83% Median: 76% HIGH FREE CASH FLOW CONVERSION Avient reflects 2021 estimated EBITDA of $510M and excludes one-time synergy capture CAPEX ($20M) Source: Peer data per Bloomberg market data as of February 5, 2021 85 87 86 86 81 81 59 92 88 81 79 79 79 76 76 75 73 67 67 64 60 7 A vi en t P P G K W R R P M F U L A V Y G C P IF F F M C U N V R H X L E M N B N R E C L C E A S H F O E G R A H U N K R A S C L A L B Source: Peer data per Bloomberg market data as of February 5, 2021 Total Enterprise Value / 2021E EBITDA 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.
With the Clariant Masterbatch acquisition and divestment of the PP&S business, our exposure is now concentrated in less-cyclical and high-growth markets, with increased geographic diversification and a more specialized portfolio that can significantly expand EBITDA margins. 27 Avient reflects 2021 estimated EBITDA of $510M OUR VALUATION VERSUS PEERS Avient Specialty Formulators Other Chemical/Specialty Companies 9.5 21.1 13.2 13.2 12.0 12.0 9.7 25.2 23.1 14.7 13.5 12.9 11.0 11.0 11.0 10.2 9.6 9.3 9.3 9.1 8.6 8.3 A vi en t K W R A V Y R P M G C P P P G F U L A L B E C L H X L IF F F M C G R A B N R F O E A S H C E S C L U N V R E M N H U N K R A Median: 11.0xMedian: 12.6x SUMMARY: WHY INVEST IN AVIENT?