https://www.avient.com/company/sustainability/sustainability-report/products/global-chemical-management-product-excellence
We continuously monitor these global emerging regulations and the impact to our product portfolio.
Such lists include REACH Substances of Very High Concern (SVHC) candidate list, U.S.
Polymeric, high molecular weight fluoropolymers are too large to cross biological membranes.
https://www.avient.com/sites/default/files/2023-03/AVNT Q2 2022 Earnings Presentation - Website Version.pdf
S EC O N D Q UART ER 2022
RE S U LTS
$122
$134
$0.87
$0.98
Q2 2022 PERFORMANCE
(TOTAL COMPANY)
4
Sales Adjusted Operating Income
$1,235
$1,302
+ 5%
Adjusted EPS
+ 10% + 13%
(in millions) (in millions)
(+ 10% excluding FX) (+ 16% excluding FX) (+ 20% excluding FX)
Q2 2022 SEGMENT PERFORMANCE
5
CAI
$624
$649
($ in millions)
SEM Distribution
$86
$94
+ 4% + 9%
$404
$443
$24
$27
+ 10% + 13%
(1)
$241 $244
$37 $37
+ 1% Flat
(+ 10% excluding FX) (+ 16% excluding FX) (+ 6% excluding FX) (+ 3% excluding FX)
Q2 2021 $1,235 $122
Sustainable Solutions 17 7% 7
Healthcare 23 14% 5
Composites (ex Outdoor High Performance) 10 20% 4
Growth in Asia / LATAM 5 3% 1
Other 69 11% 5
Sub-total $1,359 10% $144
Outdoor High Performance Impact (9) (5)
Wage Inflation and Overtime (7)
Other Supply Chain Costs (2)
Clariant Color Integration Synergies 7
Incentives, Other Employee Costs 4
FX (48) (7)
Q2 2022 $1,302 5% $134
Q2 2022 SALES AND OPERATING INCOME
(TOTAL COMPANY)
6
Sales Growth Rate
Operating
Income$ millions
EBITDA
Q2 EBITDA BRIDGE
7
Price increases more than
offsets raw material and
supply chain impacts
Q2 2021 $ 159
Demand (29)
$ millions
CAI:
Price / Mix 87
Inflation (58)
SEM:
Price / Mix 36
Inflation (24)
Distribution:
Price / Mix 45
Inflation (41)
Net Price Benefit 45
Wage Inflation and Overtime (7)
Other Supply Chain Costs (2)
Clariant Color Integration Synergies 7
Incentives, Other Employee Costs 4
FX (7)
Q2 2022 $ 170
China Lockdowns / Russia Impact $ (14)
Outdoor High Performance (5)
Transportation (5)
8
Q2 '21 Adjusted EPS 0.87$
Color, Additives and Inks 0.11
Specialty Engineered Materials 0.01
Distribution 0.03
Corporate Costs 0.01
F/X (0.05)
Segment OI 0.11$
Interest Expense 0.03
Tax Rate (0.03)
Q2 '22 Adjusted EPS 0.98$
Q2 EPS BRIDGE
Key Updates
• Provided progress on 2030 Sustainability Goals
• Emphasized commitment to U.N.
EPS (ex Amort & Financing) 3.96$ 0.82$ 4.78$ (0.88)$ 3.90$
Impact of Financing - April Announcement - (0.47) (0.47) 0.30 (0.17)
Incremental Interest Expense Since Announcement - (0.22) (0.22) (0.22)
Adj.
However, these
impacts have moderated as of late.
https://www.avient.com/sites/default/files/2021-05/2021-colormatrix-quick-guide-to-liquid-color.pdf
Importantly these advances also
now allow color to be combined with
additional functional additives without
impacting process stability.
At four global
ColorWorks centers, teams of experts work to establish
high-impact color concepts at the earliest stages of
product development to help you heighten shelf
impact, differentiate brands, control costs and time-
to-market, and manage color across multiple resins all
around the world.
Some key questions to consider when implementing liquid color:
• Is your colorant addition negatively impacting or enhancing
your process efficiency?
https://www.avient.com/sites/default/files/2021-05/2021-colormatrix-quick-guide-to-liquid-color_0.pdf
Importantly these advances also
now allow color to be combined with
additional functional additives without
impacting process stability.
At four global
ColorWorks centers, teams of experts work to establish
high-impact color concepts at the earliest stages of
product development to help you heighten shelf
impact, differentiate brands, control costs and time-
to-market, and manage color across multiple resins all
around the world.
Some key questions to consider when implementing liquid color:
• Is your colorant addition negatively impacting or enhancing
your process efficiency?
https://www.avient.com/sites/default/files/2023-07/Avient-2022-Sustainability-Report.pdf
Since 2013, the executive leadership selects 14–16 high performing, high potential associates
each year to participate in the NextGen leadership development program.
Dyneema® began as an ultra high molecular weight polyethylene (UHMPE fiber).
We have completed a water risk evaluation of our manufacturing locations to
identify which of them may be impacted by future water scarcity issues. 28% of facilities are in areas
currently classified by the World Resources Institute Aqueduct Water Risk Tool as being extremely
high or high for baseline water stress.
https://www.avient.com/sites/default/files/2021-04/additives-listing.pdf
IV builders can help to reverse
the impact.
Recognized by APR for having no negative
impact on the recycling stream.
Impress™ High Gloss Metallic Effect - High gloss, metallic
effect colorants that impart a brilliant sheen while limiting
flow lines.
https://www.avient.com/sites/default/files/2021-04/avient-q4-earnings-and-2021-outlook-website.pdf
Unless otherwise stated, Operating Income, EBITDA and EPS figures included in this presentation are adjusted to exclude the impact of special items as defined in our quarterly earnings releases
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.
24
Avient reflects 2021 estimated EBITDA of $510M
OUR VALUATION VERSUS PEERS
Avient Specialty
Other
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
Median: 11.0xMedian: 12.6x
SUMMARY: WHY INVEST IN AVIENT?
We also monitor earnings (defined as net income from continuing operations) before interest,
taxes, depreciation and amortization (EBITDA) and adjusted EBITDA (EBITDA before the impact of special items) as a
supplement to our GAAP measures.
https://www.avient.com/sites/default/files/2023-03/Application Snapshot Intraoral Scanner.pdf
SURGICAL
INSTRUMENT OEM
I N T R A O R A L S C A N N E R
• Chemical and impact resistance
• Customized pre-colored solutions
• Color and dimension stable after sterilization
• Minimum color deviation and easy to process
• Technical support and color expertise
• Offered bright white and customized pre-
colored formulations in PPSU and PSU for
intraoral scanner head and body parts
• Provided a solution that can withstand up to
1,000 cycles autoclave, with good chemical
and excellent impact resistance
• Met customer request for color stability after
processing and biocompatible compliance
Transcend™ Premier Healthcare Colorants
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/polymer-colorants/high-temperature-color-concentrates/colorant-chromatics-transcend-premier-healthcare-colorants
https://www.avient.com/sites/default/files/2022-03/Dental Scaler Application Snapshot.pdf
SURGICAL
INSTRUMENT OEM
D E N T A L S C A L E R
• Attain an extreme white color to appear hygienic and
aesthetically pleasing
• Ability to laser mark the brand
• Maintain impact resistance
• Achieved a clean, bright white color that
provided a more pleasing experience for
patients
• Allowed scaler to be laser marked for brand
identification
• Met the need for impact resistance and
successfully passed the drop test
requirements
Transcend™ Premier Healthcare Colorants
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/polymer-colorants/high-temperature-color-concentrates/colorant-chromatics-transcend-premier-healthcare-colorants
https://www.avient.com/sites/default/files/2020-10/demystifing-cmf-brochure.pdf
ENSURING COST
EFFECTIVENESS &
MANUFACTURABILITY
HOW WILL MY CMF CHOICES IMPACT MY MANUFACTURING
OPERATIONS AND COSTS?
Predicting how design decisions will impact your operations
is essential.
FEEL
WHEEL
LOW
HIGH
HT
EA
VYD
RMTH
OPAQUE
TRANSPARENT
ATTE
GLO
S
TACKY
SLIPPERY
LOW - HIGH
T
- H
EAVY
-
H
- W
ARM
TH
OPAQUE - TRANSPARENT
MATTE -
LO
- S
S
TACKY - SLIPPER
FEEL
WHEEL
LOW
HIGH
HT
EA
VYD
RMTH
OPAQUE
TRANSPARENT
ATTE
GLO
S
TACKY
SLIPPERY
LOW - HIGH
T
- H
EAVY
-
H
- W
ARM
TH
OPAQUE - TRANSPARENT
MATTE -
LO
- S
S
TACKY - SLIPPER
WE WORK WITH
YOU TO DEVELOP
THE FOLLOWING:
• Market Analysis
& Research
• Material Innovation
• CMF Recommendations
• Custom Color Creation
EXAMPLE MATERIAL PROFILE
www.avient.com
Copyright © 2020, Avient Corporation.