https://www.avient.com/resources/safety-data-sheets?page=3773
AC 1259-H 8900-267300-001
TRSP BLUE WATER
GLOW BLUE
https://www.avient.com/resources/safety-data-sheets?page=5839
MIDNIGHT BLUE MC-14617PP
DK COBALT BLUE PET W/UV
MAXXAM FR PE H-UV BLUE 2728 NA
https://www.avient.com/resources/safety-data-sheets?page=23
BLUE
BLUEBERRY BLUE
PP-H-10G BLK
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-june-2021-w-non-gaap-recs_0.pdf
D is t. ) K W R R P M P P G A V Y F U L G C P H X L F M C F O E IF F H U N E C L A S H E M N K R A C E S C L G R A A LB Median: 5%Median: 3% Source: Peer data per Bloomberg market data as of June 4, 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: 78% 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 June 4, 2021 87 89 87 86 83 81 76 88 85 83 82 81 80 78 78 78 76 72 71 69 50 18 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 H X L U N V R IF F E C L A S H F O E C E E M N B N R H U N G R A K R A S C L A L B Source: Peer data per Bloomberg market data as of June 4, 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 10.4 18.2 16.0 15.5 15.3 11.3 11.0 29.7 26.5 23.5 18.2 13.4 11.9 11.9 11.7 10.5 10.4 10.3 10.1 9.7 7.7 6.5 A vi en t K W R A V Y P P G R P M F U L G C P H X L A L B E C L IF F F M C B N R A S H G R A E M N F O E S C L U N V R C E K R A H U N Median: 11.7xMedian: 15.4x SUMMARY: WHY INVEST IN AVIENT?
https://www.avient.com/sites/default/files/2021-12/1523882684-1-polyone-s.a-r.l.-belgium-branch-name-change-publication-in-the-appendixes-bsg-30-november-2021.pdf
B ij la ge n bi j he t B el gi sc h St aa ts bl ad - 3 0/ 11 /2 02 1 - A nn ex es d u M on it eu r be lg e
https://www.avient.com/resources/safety-data-sheets?page=3546
3005U BLUE PC
X HC #SR-05751 Blue CC
XPPC-40T H BLACK
https://www.avient.com/resources/safety-data-sheets?page=2624
ROYAL BLUE
SKY BLUE 283 PET
X ET7300-0021 H Natural
https://www.avient.com/resources/safety-data-sheets?page=124
TRANS BLUE
WATER BLUE
SG 6212-21-H
https://www.avient.com/resources/safety-data-sheets?page=2581
P-9048 H MED DK FLINT
BLUE 541C PE
DC BLUE METALLIC
https://www.avient.com/resources/safety-data-sheets?page=2558
AMERICAN CREAM 70/30
COBALT BLUE
BLUE GREY TRANSL 2