https://www.avient.com/sites/default/files/2022-02/Sustainability ESG Disclosures_Carbon Black.pdf
DOCUMENT NUMBER_ SSS-001 CATEGORY DETAIL EC Number 215-609-9 CAS Number 1333-86-4 Name Subclass 1 Carbon Black Structural Formula CHEMICAL IDENTITY H | C||||HH H DOCUMENT NUMBER_ SSS-001 HEALTH EFFECTS HUMAN HEALTH SAFETY ASSESSMENT Consumer Overall, as a result of the detailed epidemiological investigations, no causative link between Carbon Black exposure and cancer risk in humans has been demonstrated.
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-may-2021-w-non-gaap-recs.pdf
D is t. ) K W R R P M P P G A V Y F U L G C P IF F H X L F M C F O E H U N E C L K R A E M N A S H C E S C L G R A A LB Median: 5%Median: 3% Source: Peer data per Bloomberg market data as of April 27, 2021 Avient reflects 2021 estimated revenue of $4,300M 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: 84% Median: 77% HIGH FREE CASH FLOW CONVERSION Avient reflects 2021 estimated EBITDA of $560M and excludes one-time synergy capture CAPEX ($20M) Source: Peer data per Bloomberg market data as of April 27, 2021 87 89 87 86 82 81 76 88 87 84 82 81 78 77 77 77 76 73 70 69 50 19 A vi en t K W R P P G R P M A V Y F U L G C P F M C IF F H X L U N V R E C L A S H C E B N R F O E E M N G R A H U N K R A S C L A L B Source: Peer data per Bloomberg market data as of April 27, 2021 Total Enterprise Value / 2021E EBITDA Our current valuation with updated guidance implies an EBITDA multiple that is below specialty formulator peers and the majority of our chemical peers.
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. 28 Avient reflects 2021 estimated EBITDA of $560M OUR VALUATION VERSUS PEERS Avient Specialty Formulators Other Chemical/Specialty Companies 10.2 17.7 16.0 14.9 14.6 11.6 11.1 26.7 24.0 22.8 14.3 12.7 11.5 11.2 11.1 11.0 10.3 10.1 9.5 9.4 8.3 7.0 A vi en t K W R A V Y R P M P P G G C P F U L A L B H X L E C L IF F F M C B N R A S H G R A F O E S C L E M N U N V R C E K R A H U N Median: 11.1xMedian: 14.8x SUMMARY: WHY INVEST IN AVIENT?
https://www.avient.com/sites/default/files/2020-10/avient-design-impact-protection-project.pdf
IMPACT PROTECTION D E S I G N A N D M A T E R I A L S O L U T I O N S Avient Corporation 1 PROJECT KICK OFF B R I E F Application: Protective sports equipment Challenge: Provide functional material to protect against impact for chest protector Requirements: • Compact - reduce thickness and weight for improved comfort and functionality • Meet EN standards • EN1621-1 level 2 & EN1621-2 level 1 • Eliminate the use of foam and glue • Be waterproof and easy to clean • Sustainable • Easy to prototype & considers manufacturing efficiency Avient Corporation 2 VIBRATION DAMPING TECHNOLOGY (VDT) H O W D O E S I T W O R K ?
Avient Corporation 3 Simplified Drop Test • 65g steel ball • Dropped from 305mm • Onto 3.175mm thickness flat samples Materials Tested • Standard TPE 30 Shore A • TPU alloy 60 Shore A • Damping TPE 32 Shore A VDT reduces bounce Avient Corporation 4 SIMULATION & CALIBRATION E N 1 6 2 1 - 1 L E V E L 2 Image courtesy of Airobag TV https://www.youtube.com/c/AirobagTV/videos Simulation of Impact A weight dropped onto protective element in contact with rigid substrate https://www.youtube.com/c/AirobagTV/videos Avient Corporation 5 SIMULATION & CALIBRATION E N 1 6 2 1 - 1 L E V E L 2 REFINING THE DESIGN D E S I G N A N D M A T E R I A L C O M B I N A T I O N Avient Corporation 6 • A number of different shapes and designs are created and simulated to determine which one works best • Refining to meet EN standard • VDT TPEs can help reach compliance with EN1621-1 level 2 and EN1621-2 level 1 • Optimum protection can be achieved by combining industrial design and engineering Avient Corporation 7 VALIDATION P R O T O T Y P I N G W I T H 3 D P R I N T I N G 3D Printing Validation -15% -10% -5% 0% 5% 10% Density Tensile Strength // Tear resistance // Rebound resilience 2mm 3D Printed VDT vs Injection Molded VDT can be 3D printed for concept evaluation early in the design process SUMMARY Avient Corporation 8 • Enabled a new, compact design with a customized VDT TPE formulation • Improved user comfort and functionality • Fulfilled EN standards • Reduced number of prototyping tools required • Reduced time spent in product development by 40 percent, enabling faster commercialization of product
https://www.avient.com/sites/default/files/resources/Proxy%2520Statement%2520for%2520Web%2520Hosting.pd_.pdf
Abernathy Qualifications, Attributes, Skills and Experience: Current Directorships: Former Directorships: Age: Director since: Richard H.
EXECUTIVE COMPENSATION EXECUTIVE COMPENSATION 2018 Summary Compensation Table Stock Awards (column (d)) Option Awards (column (e)) Name and Principal Position (a) Year (b) Salary ($) (c) Stock Awards ($) (d) Option Awards ($) (e) Non-Equity Incentive Plan Compensation ($) (f) All Other Compensation ($) (g) Total ($) (h) Lisa K.
EXECUTIVE COMPENSATION All Other Stock Awards: Number of Shares of Stock or Units (RSUs) (column (h)) (4) Annual Grant of RSUs.
https://www.avient.com/sites/default/files/2021-11/avnt-november-investor-meetings.pdf
D is t. ) K W R P P G A V Y F U L R P M G C P F M C H X L H U N E C L A S H E M N C E S C L Source: Peer data per Bloomberg market data as of November 8, 2021 Avient reflects 2021 estimated revenue of $4,750M and estimated CAPEX of $80M (excludes one-time synergy capture CAPEX of $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 HIGH FREE CASH FLOW CONVERSION Avient reflects 2021 estimated EBITDA of $580M and estimated CAPEX of $80M (excludes one-time synergy capture CAPEX of $20M) Source: Peer data per Bloomberg market data as of November 8, 2021 86 93 85 83 79 77 75 89 85 83 81 79 79 78 77 74 25 A vi en t K W R P P G A V Y F U L R P M G C P F M C U N V R C E B N R H X L A S H E C L E M N H U N S C L A L B (10) Source: Peer data per Bloomberg market data as of November 8, 2021 Total Enterprise Value / 2021E EBITDA Our current valuation with updated guidance implies an EBITDA multiple that is below many of our specialty formulator peers.
With the Clariant Color business 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. 33 Avient reflects 2021 estimated EBITDA of $580M OUR VALUATION VERSUS PEERS Avient Specialty Formulators Other Chemical/Specialty Companies 11.4 20.2 16.7 16.5 14.7 12.0 10.8 40.7 29.9 26.2 13.2 12.4 11.0 10.9 9.1 9.0 7.5 6.5 A vi en t K W R P P G A V Y R P M F U L G C P A L B H X L E C L A S H F M C B N R S C L U N V R E M N C E H U N SUMMARY: WHY INVEST IN AVIENT?
https://www.avient.com/sites/default/files/2020-12/case-study-versaflex-ce-antimicrobial-phone-case-1.pdf
PHONE CASE BRAND P H O N E C A S E S • Compatible with antimicrobial additives • Good stain resistance • Non-yellowing • Delivered enhanced solution that included antimicrobial properties and stain resistance • Collaborated with OEM and the foremost supplier of antimicrobials to comply with key bacterial growth requirements Versaflex™ CE 3320-80 TPE KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-06/Trilliant HC-auto-injector-snapshot.pdf
MEDICAL CONTRACT MANUFACTURER A U T O - I N J E C T O R H O U S I N G • Excellent chemical and wear resistance • Excellent impact resistance • Specific color matching based on customer’s needs • Outstanding durability to extend product life • Customized a chemically resistant formulation to offer an impact-modified alternative to traditional competitors in the market • Provided technical support for material selection, part & tool design, and process development to accelerate commercialization • Delivered custom color matching to meet all key requirements Custom Trilliant™ HC Healthcare Thermoplastic KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2024-04/CCG Application Snapshot_Catering OEM.pdf
Catering oem CATERING OEM F O O D B L E N D E R P I T C H E R • FDA compliance with no Bisphenol A (BPA) • High heat resistance • Transparent aesthetics • Good processing performance • Developed a solution that seamlessly complements pure PES materials • Minimized color deviation • Enabled the possibility of weight reduction • Made target color available • Provided commercial, technical, and operational excellence support Colorant Chromatics PES Color Concentrate KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-02/onflex-af-cup-holder-mat-case-study-one-pager.pdf
EUROPEAN OEM & TIER 2 MOLDER C U P H O L D E R M A T • Low odor material • Excellent surface finish • Provided excellent low VOC/FOG properties and lower density than previous solution with a specialty TPE grade • Delivered high-quality aesthetics, including soft touch and low gloss finish • Offered global support and production capabilities to allow molder to source the grade globally OnFlex™ AF 7210-70N Thermoplastic Elastomer KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2020-10/emea-automotive-case-study-off-road-vehicle.pdf
TIER 2 SUPPLIERS P A N E L S F O R O F F - R O A D V E H I C L E S • Transfer OEM-approved materials from North America to manufacturers in Europe • Help manufacturers avoid cash flow issues on small lot orders • Managed REACH qualification for 10 OEM- approved materials • Optimized logistics so manufacturers could purchase small lots 10 engineered material and Masterbatch solutions KEY REQUIREMENTS WHY AVIENT?