https://www.avient.com/sites/default/files/2023-03/LFT - Blower Vac - Application Snapshot.pdf
LAWN & GARDEN OEM
F A N F O R B L O W E R / V A C U U M
• Lighter than incumbent magnesium part to improve start-
up efficiency and enhance overall user experience
• High impact resistance to withstand the effect of fast-
moving landscaping debris
• Good dimensional stability to meet tight tolerances of
assembly
• Expertise to guide next-generation product
development
• Proved material performance success through
extensive Mold Flow and FEA simulations to
prove concept without prototyping and minimize
development costs
• Produced material globally to support regional
demands
• Referred customer to US-based dependable
mold shops to support local production
Complēt™ MT 40% Long Glass Fiber Impact
Modified Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-05/LFT - Blower Vac - Application Snapshot_BU Draft_3.pdf
LAWN & GARDEN OEM
F A N F O R B L O W E R / V A C U U M
• Lighter than incumbent magnesium part to improve start-
up efficiency and enhance overall user experience
• High impact resistance to withstand the effect of fast-
moving landscaping debris
• Good dimensional stability to meet tight tolerances of
assembly
• Expertise to guide next-generation product
development
• Proved material performance success through
extensive Mold Flow and FEA simulations to
prove concept without prototyping and minimize
development costs
• Produced material globally to support regional
demands
• Referred customer to US-based dependable
mold shops to support local production
Complēt™ MT 40% Long Glass Fiber Impact
Modified Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-11/Cargo Trailer Sidewalls Application Snapshot.pdf
TRACTOR TRAILER
OEM
C A R G O T R A I L E R S I D E W A L L S
• Suitable CFA design for PE sheet extrusion in layered,
metal-laminated inner sidewall panels
• Improved fuel economy and reduced trailer tare weight
• Uncompromised outdoor durability and part strength
• Reduced polymer usage while maintaining physical and
dimensional requirements
• Delivered significant 20% part weight reduction
with CFA solution
• Provided formulation to enhance throughput,
leading to a 43% overall cost reduction
• Created value beyond initial technical challenge
with a credible problem solving approach
• Enhanced performance with excellent sidewalls,
uniform foamed plastic core, superior flatness,
and rigidity
Hydrocerol™ Chemical Foaming Additives
(CFAs) and Cesa™ Nucleant Additives
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-03/wet-grip-tpe-surfco-wax-mat-case-study-one-pager.pdf
W A X M A T ® G R I P T A P E
• Provide alternative material to traditional wax and EVA
foam for grip on surfboards
• Translucent appearance
• Coextrude with polypropylene (PP) film
• Excellent UV resistance
• Customized formulation for exceptional
hydrophobic grip and non-abrasive finish
• Incorporated specialty additives to enhance
UV resistance and inhibit mold growth
• Solved technical processing challenges to
achieve efficient coextrusion of materials and
achieve optimal bonding to adhesive backing
• Enabled customer to achieve market
differentiation and expand into new markets
and applications
Custom GLS™ TPE Wet Grip Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2024-03/Versalloy TPE Waterproof Seal on Vehicle Accessory.pdf
AUTOMOTIVE OEM
W A T E R P R O O F S E A L O N
A C C E S S O R Y P A R T
• FDA food contact compliance
• Color match to OEM-specified gray
• 70 Shore A durometer for overmolding to PP
• Scratch and mar resistance
• Provided material compliant with FDA 21
CFR 177.1210
• Supplied both the base resin and at-press
colorant to meet OEM specifications
• Offered TPV alloy grade that enabled easy
processing and durable surface aesthetics
• Specified material in North America with
design engineers and supplied out of a
facility in China to meet production needs
Versalloy™ XL Thermoplastic Elastomer
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2024-05/CCG Application Snapshot_PTFE Wire Insulation.pdf
PTFE Wire insulation
WIRE & CABLE OEM
P T F E W I R E I N S U L A T I O N
• Avoid contamination risks resulting from dry pigments
• Powder paste extrusion process
• High quality dispersion
• Availability of custom color options
• Optimized pigment particle size and distribution to
achieve high-quality dispersion
• Provided a technology based on high-quality
pigments and ready-to-use formulations
• Offered a liquid pigment portfolio as standard in a
wide range of shades with color-matching
capabilities
• Improved the stability and efficiency of the
manufacturing process
Colorant Chromatics PTFE Dispersed
Pigment Solutions
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
Microsoft PowerPoint - AVNT Q4 2021 Earnings Presentation (v17) - W PEERS x ESI
AVIENT CORPORATION
F O U R T H Q U A R T E R 2 0 2 1 R E S U L T S
A N D 2 0 2 2 F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
F E B R U A RY 8 , 2 0 2 2
DISCLAIMER
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Purchase price multiple rapidly declining on strength of
business and synergy capture
10
$133
$205
2019PF 2021
10
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
11.9%
16.2%
2019PF 2021
EBITDA Margins
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
(1) Financial information is pro forma to include a full year of Clariant Color business
($ millions)
Initial
Synergy
Estimate
2021
Synergy
Realization
Total
Synergies
Expected
Administrative $ 18 $ 29 $ 40
Sourcing 24 20 24
Operational 18 5 21
Total Synergies $ 60 $ 54 $ 85
CLARIANT COLOR INTEGRATION &
COST SYNERGIES UPDATE
11
• Integration going extremely well: synergy target increased to $85 million at December 9th Investor Day
• Relentless focus on guiding principles of safety first, employee collaboration and exceeding customer expectations
• Future revenue synergies are not part of these estimates and represent additional growth over the long term
SUSTAINABILITY FOR A BETTER TOMORROW
• Revenue from sustainable solutions grew
16% in 2021 and expected to grow 8-12% in
2022 as our innovation efforts and
collaboration with customers accelerates
• Investments centered around innovation and
global sustainability megatrends
o Enabling a circular economy –
Technologies that allow for increased use of
post-consumer recycled (PCR) material and
improve recyclability of plastics
o Light-weighting – Composites and CAI
applications to reduce weight and material
requirements, which minimize energy and
carbon emissions
o Eco-Conscious – Health and human safety
applications as well as Avient’s alternative
materials to replace lead, PVC, halogens,
BPA and other less eco-friendly options
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
2016 2017 2018 2019 2020PF** 2021
$405M
$455M
$550M
$790M
Revenue From Sustainable Solutions* 2016-2021
$915M
$340M
PEOPLE
C U L T U R E I S E V E R Y T H I N G
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $16 million
raised since 2010
Diversity & Inclusion
13
Q4 2020 $997 $80
Sustainable Solutions 23 12% 8
Healthcare 53 43% 9
Composites 7 22% 2
Growth in Asia / LATAM 14 10% 3
Other 118 23% 2
Sub-total $1,212 22% $104
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (10) (13)
Q4 2021 $1,202 21% $85
Q4 2021 SALES AND OPERATING INCOME
14
Sales Growth Rate
Operating
Income$ millions
Q4 EBITDA BRIDGE
15
Price increases more than
offsets raw material and
supply chain impacts
Q4 2020 $ 118
Demand -
$ millions
CAI:
Price / Mix 62
Inflation (45)
SEM:
Price / Mix 25
Inflation (20)
Distribution:
Price / Mix 114
Inflation (109)
Net Price Benefit 27
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (13)
Q4 2021 $ 126
Transportation (5)$
Outdoor High Performance (3)
Other 8
Total Demand -
Q4 2021 SEGMENT PERFORMANCE
16
$526
$581
SEM Distribution
$58
$61
+ 11% + 6%
$305
$425
$18
$22
+ 39% + 22%
$191
$228
$30
$29
+ 19% - 3%
2022 O U TLO O K
REVENUE GROWTH DRIVERS
Growth Drivers
Long-Term
Growth Rate
2022E
Growth Rate
Sustainable Solutions 8–12% 12%
Healthcare 8–10% 10%
Composites 10% 3%
Asia / LATAM 5% 6%
Other (GDP growth) 2–3% 2–3%
Avient 6.5% 6%
18
Excluding Outdoor High Performance 13%
(7.5% excl.
https://www.avient.com/sites/default/files/2020-11/2020-advanced-composites-infographic.pdf
kui=vqJrAHhRKoTUzIO_kZai-w
http://www.polyone.com
https://www.avient.com/sites/default/files/2022-08/IATF 16949 North Baltimore.doc.pdf
Facility: C & W Services
1404 Lowell Street
Elyria, OH 44035
U.S.A.
https://www.avient.com/sites/default/files/2023-01/AVNT Dec 2022 Earnings Presentation.pdf
Global Compact &
fulfilled Communication of Progress (COP)
requirements
• New Sustainability Strategy overview page including
our 2022 AIP ESG metrics
• New ESG Performance page with ESG ratings,
awards, and certifications
• Increased disclosures on carbon emissions, including
disclosure of Climate Change Scenario Analysis
• Added new Product Stewardship and Chemical
Management policies
• Enhanced data reporting for Workforce
Demographics
• Improved social disclosures on human rights,
dependent care and special leave and strategic
training management
2021 SUSTAINABILITY REPORT
Launching integrated sustainability website in parallel with report
Aligned with leading reporting frameworks
6
Released July 2022
ESG RATINGS PERFORMANCE
ESG AWARDS AND CERTIFICATIONS
ESG PERFORMANCE & AWARDS
84th
3
1
2
7
T RAN S FO R MAT IO NAL
OVE RV IE W
Avient Protective
Dyneema
®
RECENT TRANSACTIONS
Acquired Divested
$1.45 B $0.95 B
9
Distribution
UPDATED CAPITAL STRUCTURE
& LIQUIDITY
• Proceeds from completed
sale of Distribution used to
pay near-term maturing debt
to strengthen balance sheet
• Fixed/floating debt ratio of
~55/45
• Proven track record of
deleveraging following major
acquisitions through strong
free cash flow generation
• 2022 pro forma net
debt/adjusted EBITDA
expected to be 3.1x
$725 $725
$575 $500
$600
$525
$650
$650
$600
Capital Structure
Cas
h
$544
Undr
awn
Rev
olve
r
$250
Liquidity
$3.15B
$2.40B
2030 Notes
2029 Term Loan
2026 Term Loan
2025 Notes
2023 Notes
After Dyneema
Acquisition
After Distribution
Divestiture
$794M
(1) $250M reflects estimated undrawn revolver following the divestiture of Distribution
10
PREVIOUS TRANSACTIONS
Performance
Solutions
Products &
$0.8 B
COLOR
$1.4 B
Acquired (2020)Divested (2019)
11
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• $75 million of realized synergies anticipated in 2022
• Acquisition completed on July 1, 2020 for $1.45 billion.
Purchase price multiple rapidly declining on strength of
business and synergy capture
12
$133
$201
2019PF 2022E
12
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
11.9%
16.3%
2019PF 2022E
EBITDA Margins
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORIC SPECIALIZATION THROUGH M&A
13
Distribution
DSM Protective
BOLT-ON ACQUISITION HISTORY
14
Commercial
Resources
Operating Income
Operating Margins
259
363
$40
$139
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
SPECIALTY TRANSFORMATION
T O D A Y
46%
67%
86%
0%
60%
80%
2005 2010 2019 2021 2022 PF
%
o
f A
d
ju
st
ed
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
15
Building &
43%
14%
Telecom.
2%
2006 2022 Pro Forma
21%
Building &
Telecom.