https://www.avient.com/sites/default/files/2024-08/Avient Q2 2024 Earnings Call Presentation.pdf
Q2 2023
( T O TA L C O M PA N Y )
$824
$850
Q2 23 Q2 24
$131
$143
Q2 23 Q2 24
Sales Adjusted EBITDA
(in millions)
$0.63
$0.76
Q2 23 Q2 24
(in millions)
Adjusted EBITDA Adjusted EPS
5
+ 3%
(+5% excluding FX)
+ 9%
(+12% excluding FX)
+ 21%
(+25% excluding FX)
Sales
6
Q2 2 024 RESULTS – ORGA NI C SA LES BY
REGION VS PY
6
US & Canada
Latin America
EMEA
Asia
+5%
+4%
+1%
+19%
Avient ex.
FX +4.6%
FX -1.5%
Total Avient +3.1%
Note: Regional Sales Percentages exclude impact of foreign exchange
Q2 2024 SEGMENT PERFORMANCE
( C O L O R , A D D I T I V E S & I N K S )
$525
$542
Q2 23 Q2 24
$94
$108
Q2 23 Q2 24
19.9%
Sales Adjusted EBITDA
(in millions) (in millions)
Sales Adjusted EBITDA
7
17.9%
+200 bps
*
*
* Adjusted EBITDA Margin %
• Organic sales growth in all
regions led by Americas
• Raw material deflation combined
with cost reduction actions drove
EBITDA margin expansion
+ 3%
(+5% excluding FX)
+ 15%
(+17% excluding FX)
Q2 2024 SEGMENT PERFORMANCE
( S P E C I A LT Y E N G I N E E R E D M AT E R I A L S )
$301
$308
Q2 23 Q2 24
$60
$64
Q2 23 Q2 24
20.6%
Sales Adjusted EBITDA
(in millions) (in millions)
Sales Adjusted EBITDA
8
19.8%
+80 bps
*
*
* Adjusted EBITDA Margin %
• Sales growth in consumer,
healthcare and building &
construction end markets offset
by weaker demand in
telecommunications
• EBITDA margin expansion
driven by positive end market
mix as well as raw material
deflation
+ 2%
(+4% excluding FX)
+ 7%
(+8% excluding FX)
2 0 2 4 G U I D A N C E
FY 20 24 GUIDA NC E
Previous (May 7) Current
Adjusted EBITDA $510 to $535 million $515 to $540 million
Adjusted EPS $2.50 to $2.65 $2.55 to $2.70
Interest Expense $105 million $105 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures ~$140 million ~$140 million
10
Q3 2024: Adjusted EPS of $0.62
11
Highlights
• Provides performance updates on 2030
Sustainability Goals
• Reduced company’s Scope 1 & 2 GHG emissions
by 48% since 2019
• Highlights ESG performance ratings, certifications,
and awards, including recent upgrades by
Ecovadis to Gold and CDP to A-
• Reflects Great Place to Work® culture focused on
health, safety and employee engagement
20 23 SUSTAI NA BILI TY REPORT
11
Sustainability for a
Better Tomorrow
2023
SUSTAINABILITY REPORT
12
• Investor Day to be held December 4, 2024 in
New York, NY
• The focus will be to do a deep dive on the
Company’s strategy
• Further details to be communicated
20 24 AVI ENT INVESTOR DAY
A P P E N D I X
15
Performance
Additives
15%
Pigments
13%
TiO2
9%
Dyestuffs
2%
Polyethylene
10%Nylon
5%
Polypropylene
4%
Styrenic Block
Copolymer
4%
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RA W MATERI AL BA SKET
SEGMENT DATA
U.S. & Canada
41%
EMEA
36%
Asia
18%
Latin America
5%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
19%
Packaging
23%Industrial
16%
Building and
Construction
9%
Telecommunications
4%
Energy
5%
Defense
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
Transportation
10%
Healthcare
7%
17
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2 0 2 3 R E V E N U E | $ 2 . 0 B I L L I O N
US & Canada
34%
EMEA
37%
Asia
21%
Latin America
8%
END MARKET REGION
18
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
9%
Building &
Construction
10%
Telecommunications
1% Energy
2%
COLOR , AD DI TI VES & INKS
2 0 2 3 R E V E N U E | $ 1 . 1 B I L L I O N
US & Canada
52%
EMEA
35%
Asia
13%
19
Packaging
5%
Consumer
16%
Healthcare
6%Industrial
16%
Transportation
12%
Telecommunications
9%
Energy
10% Defense
18%
Building &
Construction
8%
END MARKET REGION
SPEC IA LTY ENGI NEER ED MATERI ALS
Packaging
32%
Consumer
26%
Healthcare
9%
Industrial
13%
Building &
Construction
6%
Telecommunications
2%
Energy
2% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 3 AV I E N T R E G I O N A L S A L E S
Packaging
25%
Consumer
13%
Healthcare
5%
Industrial
18%
Building &
Construction
9%
Energy
5%
Defense
8%
EMEA
(36% of sales)Transportation
13%
Packaging
13%
Consumer
22%
Healthcare
10%
Industrial
16%
Building &
Construction
12%
Energy
6%
Defense
8%
US &
Canada
(41% of sales)
Transportation
9%
Packaging
59%
Consumer
22%
Healthcare
2%
Industrial
8%
Building &
Construction
4%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
4%
Telecommunications
4%
20
B Y E N D M A R K E T
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.
Three Months Ended
June 30,
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 33.6 $ 0.36 $ 22.1 $ 0.24
Special items, after-tax 21.8 0.24 19.6 0.21
Amortization expense, after-tax 14.8 0.16 16.2 0.18
Adjusted net income / EPS $ 70.2 $ 0.76 $ 57.9 $ 0.63
Three Months Ended
June 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023
Net income from continuing operations – GAAP $ 33.8 $ 22.3
Income tax expense 11.2 10.4
Interest expense, net 26.6 29.4
Depreciation & amortization 44.9 47.6
EBITDA from continuing operations $ 116.5 $ 109.7
Special items, before tax 28.1 21.7
Interest expense included in special items (1.0) —
Depreciation & amortization included in special items (0.3) (0.1)
Adjusted EBITDA $ 143.3 $ 131.3
Adjusted EBITDA as a percent of sales 16.9 % 15.9 %
1
Three Months Ended
June 30,
2024 2023
Sales:
Color, Additives and Inks $ 542.0 $ 524.5
Specialty Engineered Materials 308.1 300.8
Corporate (0.4) (0.9)
Sales $ 849.7 $ 824.4
Operating income:
Color, Additives and Inks $ 86.1 $ 68.0
Specialty Engineered Materials 42.8 39.7
Corporate (56.4) (45.4)
Operating income $ 72.5 $ 62.3
Depreciation & amortization:
Color, Additives and Inks $ 21.8 $ 25.7
Specialty Engineered Materials 20.8 19.9
Corporate 2.3 2.0
Depreciation & amortization $ 44.9 $ 47.6
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 107.9 $ 93.7
Specialty Engineered Materials 63.6 59.6
Corporate (54.1) (43.4)
Other expense, net (0.9) (0.2)
EBITDA from continuing operations 116.5 109.7
Special items, before tax 28.1 21.7
Interest expense included in special items (1.0) —
Depreciation & amortization included in special items (0.3) (0.1)
Adjusted EBITDA $ 143.3 $ 131.3
Adjusted EBITDA as a percent of sales:
Color, Additives and Inks 19.9 % 17.9 %
Specialty Engineered Materials 20.6 % 19.8 %
2
Year Ended
December 31, 2023
Operating income:
Color, Additives and Inks $ 259.9
Specialty Engineered Materials 142.5
Corporate (205.6)
Operating income $ 196.8
Depreciation & amortization:
Color, Additives and Inks $ 98.3
Specialty Engineered Materials 81.5
Corporate 9.0
Depreciation & amortization $ 188.8
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 358.2
Specialty Engineered Materials 224.0
Corporate (196.6)
Other income, net 5.8
EBITDA from continuing operations 391.4
Special items, before tax 114.6
Interest expense included in special items (2.3)
Depreciation & amortization included in special items (1.9)
Adjusted EBITDA $ 501.8
3
Avient Q2 2024 Webcast Slides_for website_with non-GAAP_8_5.pdf
IR Deck - AVNT-2024.06.30 - 8.02.24 1130AM.pdf
Attachment
Avient Q2 2024 Webcast Slides_for website_with non-GAAP.pdf
AVNT cover slide.pdf
https://www.avient.com/sites/default/files/2021-11/polyone-cr-sro-notarial-deed-name-change-to-avient-material-solutions-cr-sro-oct-27-2021.pdf
Petrem
Elšíkem, notářem se sídlem v Litoměřicích, na místě samém v sídle PRK Partners s.r.o. advokátní
kancelář, na adrese Jáchymova 26/2, Staré Město, 110 00 Praha 1, dle § 80a a násl. notářského řádu
o ----------------------------------------------------------------------------------------------------------------------
r o z h o d n u t í
valné hromady společnosti PolyOne ČR, s.r.o., identifikační číslo 26689537, sídlem Pobřežní
620/3, Karlín, 186 00 Praha 8, spisová značka C 87503 vedená u Městského soudu v Praze (dále
též „Společnost“), o změně obsahu společenské smlouvy (dále též „Rozhodnutí“), konané
dne 21.10.2021 v budově na adrese Jáchymova 26/2, Staré Město, 110 00 Praha 1. ------------------
I.
1.
Kateřina Hájková, LL.M., datum
narození 03.06.1982, adresa místa pobytu Křižíkova 220/91, Karlín, 186 00 Praha 8, advokáta,
evidenční číslo ČAK 13682, spolupracujícího s PRK Partners s.r.o., advokátní kancelář, IČO 266
92 392, se sídlem Jáchymova 26/2, Staré Město, 110 00 Praha 1 (dále též „Předsedající“).
Valná hromada Společnosti svým usnesením přijala toto ---------------------------------------
r o z h o d n u t í
o změně obsahu společenské smlouvy:
a)Společenská smlouva Společnosti se mění tak, že v článku prvním „Obchodní firma,
založení, vznik a právní forma společnosti“ odst. 1. a 2. nově zní takto: ----------------------
1.
https://www.avient.com/sites/default/files/2020-12/sem-tri-fold-selection-guide.pdf
NAME BASE RESIN(S) TARGET MARKETS AVAILABLE FEATURES1
Artisan™
Pre-Colored
Thermoplastics
PA
Powersports,
Lawn & Garden, Marine
Customizable pre-color solutions
Scratch & mar resistance
Weatherability & UV resistance
High impact resistance
Chemical resistance
Simplifies processing/replaces paint
Tailored temperature performance range: -20°C to 105°C
Global availability
Complēt™
OnForce™
PA, PP, PPA, PPS, TPU
Consumer, Transportation,
Industrial
Long fiber technology
Elevated impact and mechanical properties at
room temperature
Increased performance at temperature extremes
Excellent creep and fatigue resistance
Glass and carbon fiber filled options
Lubricated, fire retardant, and pre-colored options
Edgetek™
Bergadur™
ABS, LCP, PA, PC,
PC/ABS, PC/PBT,
PC/PET, PC/PSU, PEEK, PES, PEI,
POM, PPA,
PPS, PSU
Consumer, Transportation,
Industrial
Strength and durability
Chemical resistance
High impact resistance
Weatherability
Flame retardant grades: UL 94 V-0, V-1, V-2, and 5VA
Pre-color solutions
Lightweighting
5G properties - Dk/Df and 3D/LDS
Gravi-Tech™ PA, TPU, TPE, PBT
Consumer, Transportation,
Industrial
Customized density, from 1.5 to 11 gm/cm3
Broad modulus and strength: flexible to rigid
Chemical and corrosion resistance
Gravi-Tech™ LD light density grades available
LubriOne™
PA, PBT, PC, PEEK, PEI, POM, PP,
PPA, PPS, PS
Transportation,
Electrical & Electronics,
Industrial
Low coefficient of friction
Self-lubricating
Chemical, wear, and corrosion resistance
Maxxam™ PP
Consumer, Transportation,
Electrical & Electronics,
Industrial
Homopolymer and copolymer grades
Optional additives: UV, heat stabilizers
Standard grades available in natural and black
Maxxam™ FR PE, PP
Consumer, Transportation,
Electrical & Electronics,
Industrial
Flame retardant grades: UL 94 V-0, V-1, V-2, and 5VA
Flame retardant masterbatches
Elevated UL RTI ratings
Halogen-free flame retardant grades available
Nymax™
Nymax™ PIR
Bergamid™
PA 6, 66, 612, 12,
co-polymers
Transportation, Building
& Construction, Electrical
& Electronics
Toughened grades: medium and high impact
Optional additives: heat stabilized, lubricated, impact
modified, nucleated
Standard grades available in natural and black
Pre-colored solutions available
PIR grades with 20%–100% recycled content,
supporting the circular economy
SPECIALTY ENGINEERED THERMOPLASTICS
1 See technical data sheets for complete product details
1 See technical data sheets for complete product details
2 From NEU™ Specialty Engineered Materials, LLC., a wholly-owned subsidiary of Avient Corporation
NAME BASE RESIN(S) AVAILABLE FEATURES1
Trilliant™
ABS, LCP, PA, PC,
ABS, PA 6, PA 66,
PC/ABS, PC/PSU,
PEBA, PEEK, PES,
POM, PPA, PSU
Certified to USP Class VI
Formulations locked down
Drug master file submissions by product stewardship
Pre-colored, small lot production down to 50 lb–250 lb
Sterilization, chemical resistance, and secondary process guidance
Adherence to FDM-GMP manufacturing standards
Antimicrobial technologies
Materials for radiation shielding protection
NEU™
Specialty
Materials2
PEBA, TPU, PA 11, PA 12,
PP, PE, TPE
Radiopacifiers, stabilizers, and surface modifiers
Antimicrobial technologies
Pre-colored formulations
Small lot capabilities
Short lead times
Versaflex™ HC TPE
Overmolding
Clear and heat resistant
Ultra clear grades
Ultra soft TPE gels, 30 shore OO
FDA, USP Class VI, ISO 10993 approved grades
Sterilizable under autoclave, radiation, and EtO gas
Extrusion, injection, and blow moldable
HEALTHCARE SPECIALTY THERMOPLASTICS
NAME BASE RESIN(S) TARGET MARKETS AVAILABLE FEATURES1
reSound™ R
Recycled
Formulations
PA6, PA66, PC
Transportation, Consumer,
Household Appliance,
Electrical & Electronics,
Industrial
PA grades: Up to 100% recycled content
PC grades: Up to 70% recycled content
PIR and PCR grades available
Support the circular economy
Comparable performance to prime grades
Customizable solution
Surround™ ABS, PP, PBT, PC, PA 66
Transportation, Electrical
& Electronics
Integrated EMI/RFI shielding
Long fiber technology
Conductive properties
Galvanic corrosion protection
Lightweighting and ease of processing
Stat-Tech™
ABS, PA, PC, PC/ABS,
PC/PSU, PEEK, PEI,
PES, PP, PPA
Transportation, Electrical
& Electronics
Integrated EMI/RFI shielding
Conductive properties
Anti-static/dissipative properties
Corrosion resistance
Lightweighting and ease of processing
Clean room materials for semiconductors available
Therma-Tech™
LCP, PA, PEEK, PP,
PPA, PPS
Consumer, Transportation
Thermally conductive
Low coefficient of thermal expansion
Corrosion resistance
SPECIALTY ENGINEERED THERMOPLASTICS
NAME BASE RESIN(S) TARGET MARKETS AVAILABLE FEATURES1
Barricade™
Elastomers
with Fortrex™
Technology
Barricade™ high-performance
elastomers bring next genera-
tion technology to market to
bridge the gap between tradi-
tional TPEs and silicone
Healthcare, Industrial
Aerospace, Appliances,
Electronics
High temperature compression set
Processes on thermoplastic injection molding
and extrusion equipment
Customizable and colorable
Process simplicity
CROSSLINKABLE ELASTOMERS
Barricade formulations leverage licensed Fortrex™ technology.
Consumer, Packaging,
Healthcare, Electrical &
Electronics, Appliance
Overmolding
Clear and heat resistant TPEs
Ultra clear grades
Ultra soft TPE gels, 30 shore OO
FDA, USP Class VI, ISO 10993 approved grades
NSF and UL listings
Sterilizable under autoclave, radiation, and EtO gas
Extrusion, injection, and blow moldable
GLS™ THERMOPLASTIC ELASTOMERS
* Commercially available in North America only
1 See technical data sheets for complete product details
NAME BASE RESIN(S) AVAILABLE FEATURES1
ECCOH™ Polyolefin
Flame retardant, low smoke and fume, zero halogen (LSFOH)
Cross-linkable grades
Chemical, oil, and gel resistant
Flexible, low friction, easy-peel, and high speed processing
Compatible with Avient additives and color masterbatches
FireCon™ CPE, CPE Alloy
Low and medium voltage cable jacketing
Flame retardant and 90°C deformation resistance
Oil resistance
RoHS grades available
Maxxam™ FR PE, PP
UL Yellow Card for plenum applications
Halogen-free flame retardant grades available
Maxxam™ SY Foamable PP co-polymer
Easy processing
Variety of final densities available
Corrosion resistance
Syncure™ XLPE
High performance moisture cure technology
UL bulletinized XHHW2 and VW1
Temperature, abrasion, and oil resistant
WIRE AND CABLE SPECIALTY THERMOPLASTICS
To learn more, please visit avient.com
or call +1.844.4AVIENT (+1.844.428.4368).