https://www.avient.com/resource-center?document_type=59&page=31
Edgetek™ REC PC Recycled Content Solutions (English)
reSound™ REC Recycled Content TPEs (English)
Key properties and attributes for reSound™ REC recycled content TPEs for overmolding (English language version)
https://www.avient.com/resource-center?document_subtype=0&document_type=59&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=0&product_name=0&page=31
Edgetek™ REC PC Recycled Content Solutions (English)
reSound™ REC Recycled Content TPEs (English)
Key properties and attributes for reSound™ REC recycled content TPEs for overmolding (English language version)
https://www.avient.com/sites/default/files/2024-03/Nymax _ Nymax REC Processing Guide.pdf
NYMAX™ POLYMER
FORMULATIONS
PRIME & RECYCLED
NYLON THERMOPLASTICS
PROCESSING GUIDE
2 Nymax Polymer Formulations
Nymax™ and Nymax™ REC Formulations
Nymax™ thermoplastics include prime and recycled nylon formulations in both unfilled grades and
with various levels of glass fiber and mineral reinforcements.
In addition, the Nymax™ REC series offers PA6 and PA66 grades with post-industrial recycled (PIR)
or post-consumer recycled (PCR) nylon to support a circular economy.
Testing the application is highly recommended
to determine the effect recycling has on the desired physical properties.
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives/colormatrix-lactra-sx-light-blocking-additive-pet
Recycle Solutions
Provides high-performance light blocking technology that enables a recyclable alternative to long-life dairy packaging
Control acetaldehyde levels in packaging without affecting aesthetics or recyclability.
https://www.avient.com/news/cesa-withstand-sx-low-haze-antimicrobial-additives-now-available-clear-plastic-applications
Cesa™ WithStand™ SX Low Haze Antimicrobial Additives by Avient offer protection against the growth of bacteria, mold, or fungi and maintain visual clarity, even with the use of recycled materials.
This patent-pending next-generation formula is especially useful for products incorporating recycled resin.
This is especially true in applications using recycled content.
https://www.avient.com/news/polyone-launches-new-acetaldehyde-process-aid-enhance-rpet-processability
CLEVELAND – June 23, 2020 – PolyOne today launched ColorMatrix™ AAzure™ Acetaldehyde Control Additive, a process aid for PET and recycled PET (rPET) preforms with added acetaldehyde (AA) control capabilities.
This technology helps to overcome these issues so that higher levels of rPET can be used, and it can be combined with recycle-friendly toners to offset the yellowing common with increased rPET content.
Breakthrough technologies that minimize wastewater and improve the recyclability of materials and packaging across a spectrum of end uses
https://www.avient.com/news/newly-expanded-versaflex-pf-thermoplastic-elastomers-surface-protective-films-ultra-high-adhesion-series-available-avient
This product not only offers exceptional adhesion performance after extended periods and exposure to high temperatures but also supports sustainability goals by reducing volatile organic compound (VOC) emissions compared to traditional solvent-based coating technologies and enabling the recyclability of the protective films as post-consumer waste."
Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
10
$133
$205
2019PF 2021
10
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
11.9%
16.2%
2019PF 2021
EBITDA Margins
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
(1) Financial information is pro forma to include a full year of Clariant Color business
($ millions)
Initial
Synergy
Estimate
2021
Synergy
Realization
Total
Synergies
Expected
Administrative $ 18 $ 29 $ 40
Sourcing 24 20 24
Operational 18 5 21
Total Synergies $ 60 $ 54 $ 85
CLARIANT COLOR INTEGRATION &
COST SYNERGIES UPDATE
11
• Integration going extremely well: synergy target increased to $85 million at December 9th Investor Day
• Relentless focus on guiding principles of safety first, employee collaboration and exceeding customer expectations
• Future revenue synergies are not part of these estimates and represent additional growth over the long term
SUSTAINABILITY FOR A BETTER TOMORROW
• Revenue from sustainable solutions grew
16% in 2021 and expected to grow 8-12% in
2022 as our innovation efforts and
collaboration with customers accelerates
• Investments centered around innovation and
global sustainability megatrends
o Enabling a circular economy –
Technologies that allow for increased use of
post-consumer recycled (PCR) material and
improve recyclability of plastics
o Light-weighting – Composites and CAI
applications to reduce weight and material
requirements, which minimize energy and
carbon emissions
o Eco-Conscious – Health and human safety
applications as well as Avient’s alternative
materials to replace lead, PVC, halogens,
BPA and other less eco-friendly options
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
2016 2017 2018 2019 2020PF** 2021
$405M
$455M
$550M
$790M
Revenue From Sustainable Solutions* 2016-2021
$915M
$340M
PEOPLE
C U L T U R E I S E V E R Y T H I N G
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $16 million
raised since 2010
Diversity & Inclusion
13
Q4 2020 $997 $80
Sustainable Solutions 23 12% 8
Healthcare 53 43% 9
Composites 7 22% 2
Growth in Asia / LATAM 14 10% 3
Other 118 23% 2
Sub-total $1,212 22% $104
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (10) (13)
Q4 2021 $1,202 21% $85
Q4 2021 SALES AND OPERATING INCOME
14
Sales Growth Rate
Operating
Income$ millions
Q4 EBITDA BRIDGE
15
Price increases more than
offsets raw material and
supply chain impacts
Q4 2020 $ 118
Demand -
$ millions
CAI:
Price / Mix 62
Inflation (45)
SEM:
Price / Mix 25
Inflation (20)
Distribution:
Price / Mix 114
Inflation (109)
Net Price Benefit 27
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (13)
Q4 2021 $ 126
Transportation (5)$
Outdoor High Performance (3)
Other 8
Total Demand -
Q4 2021 SEGMENT PERFORMANCE
16
$526
$581
SEM Distribution
$58
$61
+ 11% + 6%
$305
$425
$18
$22
+ 39% + 22%
$191
$228
$30
$29
+ 19% - 3%
2022 O U TLO O K
REVENUE GROWTH DRIVERS
Growth Drivers
Long-Term
Growth Rate
2022E
Growth Rate
Sustainable Solutions 8–12% 12%
Healthcare 8–10% 10%
Composites 10% 3%
Asia / LATAM 5% 6%
Other (GDP growth) 2–3% 2–3%
Avient 6.5% 6%
18
Excluding Outdoor High Performance 13%
(7.5% excl.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
HIGH FREE CASH FLOW
CONVERSION
Avient reflects 2021 estimated EBITDA of $635M and estimated CAPEX of $90M (excludes IT system upgrade of $25M and synergy capture CAPEX of $20M)
Source: Peer data per Bloomberg market data as of February 15, 2022
86 89
85
80
76 76
89
85
79 78 76 76 76
70 69
63
8
LB
Source: Peer data per Bloomberg market data as of February 15, 2022
Total Enterprise Value / 2022E EBITDAWith the Clariant Color business
acquisition and divestment of the
PP&S business, our exposure is
now concentrated in less-cyclical
and high-growth markets.
https://www.avient.com/sites/default/files/2021-10/gls-tpes-with-antimicrobial-technologies-product-bulletin.pdf
PRODUCT BULLETIN
VERSAFLEX™ GP
2810-40N AM
VERSAFLEX™ CE
3120-65* AM
ONFLEX™ LO
7120-45 AM
Applications Personal care grips
Consumer packaging
Consumer electronics
Charging stations
HVAC seals
Cup holder mats
Color Natural Natural Natural
Durometer, Shore A 45 66 45
Specific Gravity
(kg/m3) 0.87 1.14 1.13
Tensile Strength
(PSI) 650 1200 585
Elongation % 700 600 685
Modulus @ 300%
|(PSI) 260 585 300
Injection Moldable Yes Yes Yes
OM Substrate PP PC, ABS, PC/ABS, COPE PP
TECHNICAL PROPERTIES
*UL listing does not apply; testing can be completed if required by the customer
Copyright © 2021, Avient Corporation.
https://www.avient.com/sites/default/files/2021-03/wet-grip-tpe-surfco-case-study.pdf
Building on the design concept from SurfCo, Avient
conducted additional R&D work to formulate a specialty
thermoplastic elastomer (TPE) that could be coextruded
with polypropylene (PP) film and meet the high
expectations of SurfCo and surfers everywhere.
The customized TPE offered excellent hydrophobic
qualities and similar melt strength to PP while
still maintaining its key mechanical properties.