https://www.avient.com/sites/default/files/2021-01/w-9-clariant-plastics-coatings-usa-llc-july-20201.pdf
https://www.avient.com/sites/default/files/2024-12/Norbert - Bio 2024.pdf
Merklein joined Avient in July of 2020 through the acquisition of the Clariant
Masterbatch business.
Merklein previously served in management positions at
Clariant International, Ltd., including Head of Group Procurement; Vice President, Business
Line Plastics and Special Applications, and Head of Region Europe for the Pigments and
Additives Division.
https://www.avient.com/news/avient-features-tpes-food-contact-and-sustainability-cekexpo-2020
These advanced materials can help OEMs and processors to meet materials safety standards and reinforce sustainability goals for kitchenware and houseware products.
Product designers in the kitchenware and houseware industry are looking for materials that can meet the increasing demand for food safety and compliance, while also seeking more sustainable content,” said Flight Xu, general manager of Specialty Engineered Materials Asia for Avient, “Our innovative TPEs can meet the regulatory challenges, including FDA, EU10/2011 and China GB standard, and enhance safety without compromising performance or design freedom.
NOTE: On July 1, 2020, PolyOne and Clariant Masterbatch joined together as Avient, a new kind of materials company focused on conquering customer challenges and unlocking the potential for innovation and sustainability around the globe.
https://www.avient.com/sites/default/files/resources/TPE_Overmolding_Solutions_for_Engineering_Thermoplastics.pdf
The other commercially available TPE’s
were processed as per the recommendations made in their respective data
sheets.
Data is reported in pounds
per linear inch (pli).
B-TPE-65A B-TPV-55A B-TPE-35A B-TPE-50A B-TPV-55A B-TPV-70A
Cycoloy C2950 (PC/ABS) 12.8 8.1 10.4 15.1
Cycolac T1000 (ABS) 10.2 9.1 9 12.4
Lexane 141 (PC) 11.7 10.2 8.1 15
Zytel 7331F (PA6) 7.2 8.8
Zytel 73G33L (33% GF PA6) 8.1 8.2
Zytel 101L (PA66) 6.8 7.2
All TPE’s processed at the recommended conditions from their respective data sheets.
https://www.avient.com/sites/default/files/resources/Polyone%2520AR.pdf
MINE SAFETY DISCLOSURES
Not applicable.
Off-Balance Sheet Arrangements
We have no material off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K.
Environmental, Health and Safety
4.
https://www.avient.com/industries/healthcare/catheter-materials-medical-tubing/medical-tubing
Mevopur™ Healthcare Functional Additives
Mevopur™ Healthcare Colorants and Formulations
Mevopur™ Healthcare Bio-based Polymer Solutions
https://www.avient.com/sites/default/files/2024-03/AVNT February IR Presentation_w_Non-GAAP Recs_v2.pdf
PY
$790
$719
$107
$114
Sales Adjusted EBITDA
$0.42
$0.52
- 9% + 7% + 24%
Sales Adjusted EBITDA Adjusted EPS
15
Q4 2023 SEGMENT PERFORMANCE
16
CAI
$491
$459
Sales
$70
$84
SEM
$301
$260
Sales
$55
$49
- 7% - 14%+20% - 11%
Q4 EBITDA BRIDGE
17
$ millions
CAI:
Price / Mix 11
Deflation 14
SEM:
Price / Mix 4
Deflation 9
Net Price Benefit 38
Cost Reductions 13
Wage Inflation (8)
Other (2)
Q4 2023 $114
Adjusted
Q4 2022 $ 107
Demand (34) • Demand was down, but less than in previous
quarters, due to slowing pace of destocking
• Positive net price benefit:
o CAI – Pricing flat with favorable mix from
uptick in packaging and consumer end
markets and raw material deflation
o SEM - Pricing flat with favorable mix from
Composites and raw material deflation
• Cost reductions primarily driven by reduced
administrative costs and cost synergies
2024 G U I DAN CE
2024 GUIDANCE
Full Year 2024 Guidance
Adjusted EBITDA $505 to $535 million
Adjusted EPS $2.40 to $2.65
Interest Expense $105 to $110 million
Adjusted Effective Tax Rate 23% to 25%
Capital Expenditures ~$140 million
19
Q1 Adjusted EPS of $0.68
AP P E N DI X
21
Performance
Additives
15%
Pigments
TiO2
Dyestuffs
Polyethylene
10%Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
23%Industrial
Building and
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
23
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2023 REVENUE | $2 .0 BILLION
34%
37%
21%
END MARKET REGION
24
34%
21%
15%
Building &
1% Energy
COLOR, ADDITIVES & INKS
2023 REVENUE | $1 .1 BILLION
52%
35%
25
6%Industrial
12%
10% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
26%
Building &
6%
2% Defense
1%
(18% of sales)
2023 AVIENT REGIONAL SALES
25%
Building &
(36% of sales)Transportation
22%
Building &
12%
6%
US &
Canada
(41% of sales)
59%
22%
Building &
LATAM
(5% of sales)
26
BY END MARKET
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
Free Cash Flow Calculation December 31, 2023
Cash provided by operating activities $ 201.6
Taxes paid on gain on sale of business 104.1
Adjusted cash provided by operating activities $ 305.7
Capital expenditures $ (119.4)
Free cash flow $ 186.3
Three Months Ended
Year Ended
2023 2022 2023 2022
Sales:
Color, Additives and Inks $ 459.4 $ 490.8 $ 2,007.4 $ 2,355.0
Specialty Engineered Materials 259.8 300.8 1,138.2 1,044.4
Corporate (0.2) (1.2) (2.8) (2.5)
Sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9
Operating income:
Color, Additives and Inks $ 61.8 $ 44.3 $ 259.9 $ 301.0
Specialty Engineered Materials 29.4 35.2 142.5 140.1
Corporate (48.1) (79.1) (205.6) (197.8)
Operating income $ 43.1 $ 0.4 $ 196.8 $ 243.3
Other expense, net: $ 4.3 $ (28.4) $ 5.8 $ (59.7)
Depreciation & amortization:
Color, Additives and Inks $ 22.2 $ 25.2 $ 98.3 $ 101.3
Specialty Engineered Materials 19.8 20.3 81.5 48.7
Corporate 2.2 3.1 9.0 12.5
Depreciation & amortization $ 44.2 $ 48.6 $ 188.8 $ 162.5
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 84.0 $ 69.5 $ 358.2 $ 402.3
Specialty Engineered Materials 49.2 55.5 224.0 188.8
Corporate (45.9) (76.0) (196.6) (185.3)
Other expense, net $ 4.3 $ (28.4) $ 5.8 $ (59.7)
EBITDA $ 91.6 $ 20.6 $ 391.4 $ 346.1
Special items in EBITDA 22.3 86.8 110.4 162.5
EBITDA - excluding special items $ 113.9 $ 107.4 $ 501.8 $ 508.6
APM pro forma adjustments - 8 months 2022* — — — 83.1
Pro forma EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7
* Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
3
AVNT February IR Presentation_w_Non-GAAP Recs.pdf
AVNT February IR Presentation.pdf
Avient corporation�investor presentation
DISCLAIMER
Slide Number 3
Creating a world-class�sustainable organization
Top-tier sustainability performance�and recognition
Slide Number 6
Slide Number 7
Portfolio transformation
Slide Number 9
END MARKET observations�(% of company sales)
Regional observations�(% of company sales)
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Slide Number 22
2023 segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 26
AVNT Q4 2023 Earnings Presentation.pdf
AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
IR Deck - AVNT-2023.12.31 (2.12.24 9PM Milestone February 12 0905 pm).pdf
Attachment
3.26.24 - Public Lender Presentation Non-GAAP Attachments (005).pdf
https://www.avient.com/sites/default/files/2025-02/Hexagon and digimat case study.pdf
Digimat for long fibre reinforced
materials
Advanced simulation captures part performance
for fibre reinforced thermoplastics
Comparing the results of isotropic material data to anisotropic
material data
Case study
https://hexagon.com/
Figure 2: Digimat material model workflow when coupled with an FEA solver
Manufacturing Intelligence hexagonmi.com2
Solution
Avient leveraged Digimat to reverse-engineer material
data based on the microstructure, tensile test data,
and micro-mechanical modelling.
Avient and Hexagon used Digimat to develop anisotropic
long fibre material data for a molded connector rod.
We are putting data to work
to boost efficiency, productivity, quality and safety across industrial,
manufacturing, infrastructure, public sector, and mobility applications.
https://www.avient.com/sites/default/files/2023-04/Advanced simulation captures part performance for fibre reinforced thermoplastics_Case_Study.pdf
Digimat for long fibre reinforced
materials
Advanced simulation captures part performance
for fibre reinforced thermoplastics
Comparing the results of isotropic material data to anisotropic
material data
Case study
https://hexagon.com/
Figure 2: Digimat material model workflow when coupled with an FEA solver
Manufacturing Intelligence hexagonmi.com2
Solution
Avient leveraged Digimat to reverse-engineer material
data based on the microstructure, tensile test data,
and micro-mechanical modelling.
Avient and Hexagon used Digimat to develop anisotropic
long fibre material data for a molded connector rod.
We are putting data to work
to boost efficiency, productivity, quality and safety across industrial,
manufacturing, infrastructure, public sector, and mobility applications.
https://www.avient.com/sites/default/files/2021-01/avient-finland-oy-trade-register-extract-eng-dec-1-2020.pdf
Representation based on position:
By the Chair of the Board and the Managing Director, each on their own, and by any two Board members
jointly
Persons
role surname, first name(s) /
company name
date of birth /
identity code
citizenship
Chair of the Board of
Merklein, Norbert 03.05.1964 Citizen of Germany
Norén, Jenny Eva Kristina 18.06.1975 Citizen of Sweden
Smeds, Jan-Håkan 22.03.1961 Citizen of Finland
Vetter, Alexander Helmut 04.07.1968 Citizen of Germany
Managing Director Norén, Jenny Eva Kristina 18.06.1975 Citizen of Sweden
Auditor PricewaterhouseCoopers Oy 0486406-8
Auditor with principal
responsibility
Grönroos, Maria Alice 19.02.1967 Citizen of Finland
Additional information
No details about beneficial owners have been registered for the company
Name history
Avient Finland Oy 01.12.2020 -
Clariant Plastics & Coatings (Finland) Oy 04.01.2016 - 01.12.2020
Clariant Masterbatches (Finland) Oy 31.03.2007 - 04.01.2016
Source of information: Finnish Patent and Registration Office