https://www.avient.com/sites/default/files/2022-12/Cesa Fiber Additives Chain Extenders for Recycled PET Fibers Product Bulletin.pdf
Cesa™ Fiber Additives Chain Extenders for Recycled PET Fibers In an effort to contribute to the circular economy, the use of recycled content in textile products is growing.
The Cesa™ Fiber Additives portfolio includes chain extenders specially formulated to help recouple depolymerized polymer chains and support a more stable processing of recycled flakes into fibers.
https://www.avient.com/sites/default/files/2023-10/Cesa Flame Retardant Additives PTFE-free and Non-halogen for Polycarbonate Product Bulletin_A4.pdf
Cesa™ Flame Retardant Additives PTFE-free and Non-halogen for Polycarbonate Polycarbonate is a material of choice for E&E products as it provides very good impact strength, dimensional stability, and heat resistance.Some applications require the use of flame-retardant solutions to increase safety and ensure compliance with fire hazard standards.
Avient’s PTFE-free and non-halogen Cesa™ Flame Retardant Additives for polycarbonate are formulated without PTFE and are non-halogen in accordance with the IEC 61249-2-21 standard.
https://www.avient.com/sites/default/files/2022-03/Avient 2021 Annual Report.pdf
On July 1, 2020, the Company completed its acquisition of the equity interests in the global color business of Clariant AG, a corporation organized and existing under the laws of Switzerland (Clariant), and certain assets of Clariant Chemicals (India) Limited, a public limited company incorporated in India and an indirect majority owned subsidiary of Clariant (Clariant India).
Clariant Color Acquisition On July 1, 2020, the Company completed the Clariant Color Acquisition.
Note 2 — BUSINESS COMBINATIONS On July 1, 2020, we completed our acquisition of the equity interests in the global color business of Clariant AG, a corporation organized and existing under the law of Switzerland (Clariant), and certain assets of Clariant Chemicals (India) Limited, a public limited company incorporated in India and an indirect majority owned subsidiary of Clariant (Clariant India).
https://www.avient.com/sites/default/files/2022-06/Colorant Chromatics FEP UV Laser Marking Product Bulletin.pdf
Beyond traditional marking, Colorant Chromatics™ UV Laser Marking Technology provides an ability to apply ultraviolet (UV) laser marking to FEP.
The unique formulation of Colorant Chromatics UV Laser Marking Technology enables a permanent and gentle marking of the cable surface.
In addition, this UV laser marking technology for FEP is melt processible and cost effective compared to current PTFE tape wiring solutions for laser marking.
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization expense associated with intangible assets.2 T RAN S FO R MAT IO NAL OVE RV IE W Avient Protective Materials Dyneema ® RECENT TRANSACTIONS Acquired Divested $1.45 B $0.95 B 4 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 Cash $544 Undrawn Revolver $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) (1) $250M reflects estimated undrawn revolver following the divestiture of Distribution 5 PREVIOUS TRANSACTIONS Performance Solutions Products & $0.8 B COLOR $1.4 B Acquired (2020)Divested (2019) 6 • 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 7 $133 $201 2019PF 2022E 7 Clariant Color EBITDA Growth Purchase Price Multiple 10.8x 7.0x 6.4x 2019PF 2021 2022E w/ Full Synergies (1) (1) 11.9% 16.3% 2019PF 2022E EBITDA Margins (1) CLARIANT COLOR: TRANSFORMATIONAL ACQUISITION ($ in millions) (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 $2.3B Proceeds TPE PP&S HISTORIC SPECIALIZATION THROUGH M&A 8 Distribution DSM Protective Materials BOLT-ON ACQUISITION HISTORY 9 Commercial Resources Operating Income ($ in millions) Operating Margins 259 363 At Acquisition 2022E $40 $139 At Acquisition 2022E 9% 22% At Acquisition 2022E 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 7% 46% 67% 86% 100% 0% 20% 40% 60% 80% 100% 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) 10 Healthcare 4% Packaging 8% Consumer 10% Building & Construction 43% Industrial 15% Transportation 14% Energy 4% Telecom. 2% 2006 2022 Pro Forma Healthcare 8% Packaging 23% Consumer 21% Building & Construction 10% Industrial 15% Transportation 9% Energy 4% Telecom. 4% Defense 6% END MARKET FOCUS ON LESS CYCLICAL INDUSTRIES 11 14.8% 17.6% 21.0% 2018 2020 2022 PF 1.8% 2006 15.3% 16.2% 17.0% 2018PF 2020PF 2022E CAI 2.7% 2006 SEM SPECIALTY EBITDA MARGIN EXPANSION 12 • Portfolio transformation accelerates growth in less cyclical, higher margin end markets • Investments in our composites platform continue to drive margin expansion (1) (1) (1) 2018 and 2020 financial information is pro forma to include a full year of Clariant Color acquisition PORTFOLIO EVOLUTION OVER THE YEARS 13 Adj.
OPS) 16 Sales Adjusted EBITDA $818 $823 2021 2022 + 1% Adjusted EPS + 8% - 3% (in millions) (in millions) (+ 9% excluding FX) (+ 18% excluding FX) (+ 5% excluding FX) Q3 EBITDA BRIDGE (PRO FORMA TOTAL COMPANY) 17 Price increases more than offset raw material and supply chain impacts $ millions CAI: Price / Mix 68 Inflation (44) SEM: Price / Mix 41 Inflation (26) Net Price Benefit 39 Wage and Energy Inflation (14) Clariant Color Integration Synergies 6 Incentives, Other Employee Costs 14 FX (11) Q3 2022 $137 Adjusted EBITDA Q3 2021 $ 142 Demand (39) Q3 2022 SEGMENT PERFORMANCE 18 CAI $587 $566 Sales ($ in millions) $93 $93 EBITDA SEM Pro Forma $326 $319 Sales $70 $62 EBITDA (+ 4% excluding FX) - 4% - 2% (+ 5% excluding FX) Flat (+ 7% excluding FX) - 11% (- 7% excluding FX) $500 $585 Cont.
https://www.avient.com/sites/default/files/2021-08/eccoh-5978-uv-case-study-one-pager.pdf
CABLE MANUFACTURER A E R I A L D R O P C A B L E J A C K E T • Pass clamp test requested by end user • Strong UV resistance & mechanical performance • Excellent processing • Good fire performance to pass CPR class Cca / Dca • Low shrinkage (< 1%) • Exceeded material fire performance requirements and met all other performance criteria • Simplified supply chain with local manufacture in Europe • Enabled customer to run material at optimum processing conditions by providing support with machine set up.
ECCOH™ 5978 UV formulations KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2022-07/ECCOH_ 5978 UV - Aerial Drop Cable Jacket - Applications Snapshot.pdf
CABLE MANUFACTURER A E R I A L D R O P C A B L E J A C K E T • Pass clamp test requested by end customer • Strong UV resistance & mechanical performance • Excellent processing • Good fire performance to pass CPR class Cca / Dca • Low shrinkage (< 1%) • Exceeded material fire performance requirements and met all other performance criteria • Simplified supply chain with local manufacture in Europe • Enabled customer to run material at optimum processing conditions by providing support with machine set up ECCOH™ 5978 UV Formulation KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2022-10/Paint Sprayer Application Snapshot_0.pdf
INDUSTRIAL EQUIPMENT OEM P A I N T S P R A Y E R • Meet or exceed UL94 V-2 flame rating • Able to interact with existing bulk chemistry without compromising functionality or brand color and aesthetics • Deliver cost targets while providing operational efficiency and a working capital strategy • Accelerate product development timeline, and provide UL94 testing verification prior to production trials • Achieved all flame rating requirements and assisted with regulatory approvals • Developed a proprietary Smartbatch solution that minimized potential effects from interaction with current bulk chemistries • Provided needed support with qualification process and testing requirements, saving time and cost • Afforded on-going support with A2LA test labs, sampling, and lot-to-lot consistency with exacting performance Smartbatch™ Formulation: Cesa™ Flame Retardant Additives and OnColor™ Colorants KEY REQUIREMENTS WHY AVIENT?
All Rights Reserved. https://www.avient.com/products/polymer-additives/performance-enhancement-additives/cesa-flame-retardant-additives
https://www.avient.com/sites/default/files/2025-01/Touchscreen Surface WithStand SX Case Study Snapshot.pdf
INJECTION MOLDER T O U C H S C R E E N S U R F A C E • Provide antimicrobial protection with strong log reduction (gram-negative / gram-positive efficacy) using globally available and cost-effective active ingredients • Incorporate a compatible recycled base resin • Utilize recyclate with no haze or discoloration (yellowing) of product, even with long-term heat aging • Maintain visual clarity while using antimicrobial raw materials with additional functional additives • Offered expertise in antimicrobial solutions, application development, and versatile product forms • Provided non-public health claims and reduced material use with recycled polycarbonate • Delivered strong efficacy >Log 2 against gram- negative and gram-positive bacteria • Supported a safe, hygienic environment while maintaining clarity and performance using a masterbatch with recycled content Cesa WithStand SX Low Haze Antimicrobial Additives KEY REQUIREMENTS WHY AVIENT?
All Rights Reserved. https://www.avient.com/products/polymer-additives/repellant-antimicrobial-additives/cesa-withstand-antimicrobial-additives Slide 1: Injection molder
https://www.avient.com/sites/default/files/2024-07/woonkeatmoh_2024.pdf
Moh previously worked at Bayerand Clariant, where he served in various commercial leadership roles.