https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.pdf
In particular, these include statements relating to future actions; prospective changes in raw material costs, product pricing or product demand; future performance; estimated capital expenditures; results of current and anticipated market conditions and market strategies; sales efforts; expenses; the outcome of contingencies such as legal proceedings and environmental liabilities; and financial results.
This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, mark-to-market adjustments associated with benefit plans, environmental remediation costs, acquisition-related costs, and other non-routine costs.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years. 28 EV / 2023E EBITDA Historic Multiple 6.5 8.3 9.5 13.8 12.7 12.6 11.3 8.7 18.6 16.5 10.1 10.0 9.7 9.5 9.4 8.7 A vi en t (2 01 1) A vi en t (2 01 8) A vi en t (2 02 3) R P M P P G A V Y K W R F U L E C L H X L F M C A S H S C L H U N C E E M N Avient Specialty Formulators Other Specialty / Chemical Companies SEGMENT DATA U.S. & Canada 40% EMEA 37% Asia 18% Latin America 5% 2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 20% Packaging 24% Industrial 15% Building and Construction 10% Telecommunications 4% Energy 4% Defense 6% END MARKET REVENUE $2,355M $402M $1,300M $272M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $592M$3,653M (1) Transportation 9% Healthcare 8% 30 (1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs 2022 REVENUE | $2 .4 B ILL ION US & Canada 34% EMEA 38% Asia 20% Latin America 8% END MARKET REGION 31 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 8% Building & Construction 11% Telecommunications 1% Energy 2% COLOR, ADDITIVES & INKS 2022 PRO FORMA REVENUE | $1 .3 B ILL ION US & Canada 52% EMEA 35% Asia 13% 32 Packaging 5% Consumer 19% Healthcare 8%Industrial 16% Transportation 10% Telecommunications 10% Energy 9% Defense 15% Building & Construction 8% END MARKET REGION SPECIALTY ENGINEERED MATERIALS Packaging 32% Consumer 27% Healthcare 8% Industrial 14% Building & Construction 5% Telecommunications 3% Energy 1% Defense 1% Asia (18% of sales) Transportation 9% 2022 PROFORMA AVIENT REGIONAL SALES Packaging 27% Consumer 14% Healthcare 5% Industrial 17% Building & Construction 10% Energy 5% Defense 8% EMEA (37% of sales)Transportation 11% Packaging 13% Consumer 24% Healthcare 12% Industrial 15% Building & Construction 13% Energy 5% Defense 5% US & Canada (40% of sales) Transportation 7% Packaging 56% Consumer 23% Healthcare 4% Industrial 7% Building & Construction 4% Telecommunications 1% LATAM (5% of sales) Transportation 5% Telecommunications 3% Telecommunications 6% 33 BY END MARKET 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.
https://www.avient.com/sites/default/files/2020-09/crtm-panel-product-bulletin-2020.pdf
sq. ft.) 0.54" 1.2 0.75" 1.4 2.24" 3.1 CRTM PANEL PROPERTIES Additional features include: • Material and design flexibility • �Large-scale production with in-line CNC machining • Class-A FS&T resin systems • Product design guidance MARKETS AND END-USE APPLICATIONS CRTM composite panels are ideal for use in markets where metal skin-over-frame or hand-laid composite sandwich panels are currently used.
https://www.avient.com/sites/default/files/2020-09/sem-stain-resistant-phone-cases-application-bulletin.pdf
Offering premium blue jean stain resistance on par with silicone, this material increases design freedom, boosts speed to market capabilities, and enhances supply chain flexibility at a significantly reduced cost.
Increase speed to market – Avient TPEs have a shorter lead time than silicone and can be processed quickly on high speed injection molding equipment.
https://www.avient.com/sites/default/files/2021-06/fl.us-.datasheet-nomex-meta-aramid.pdf
• FIBER-LINE®’s ability to add value to the already attractive properties of both Kevlar®Para-Aramid & Nomex® Meta-Aramid creates more opportunity in the market place to provide solution driven products to a diverse range of markets. • Because FIBER-LINE® already processes so many dif- ferent types and deniers of both Kevlar® & Nomex®, we have been authorized by DuPont™ to distribute small quantities of these fibers to an ever-growing customer base. • Through this program, we hope to introduce busi- nesses of all sizes to the benefit of Aramid fibers.
https://www.avient.com/sites/default/files/2021-02/ppsu-masterbatch-product-bulletin_0.pdf
Colorant Chromatics PSU, PES and PPSU colorants are designed specifically for use in these resins to help boost color consistency and streamline product development for increased speed to market.
KEY CHARACTERISTICS • Consistent coloring and improved homogenization with the polymer for more efficient processing and waste reduction • Opaque PSU/PES/PPSU masterbatches available with shorter lead times in a range of readily available standard colors • Minimum order quantities as low as 5kg (10lbs) for improved inventory control • Robust colorant formulations mean zero disruption to existing molding processes, allowing manufacturers to bring products to market faster and without investing in new machinery PRODUCT BULLETIN 1.844.4AVIENT www.avient.com Product Code Color LDR* Pantone No.** 650.00 Black 10% 433C 650.01 Brown 10% 7615C 650.02 Red 10% 186C 650.03 Orange 5% 1495C 650.04 Yellow 10% 142C 650.05 Green 10% 2248C 650.06 Blue 10% 278C 650.07 Violet 20% 2073C 650.08 Grey 10% Cool Gray 7C 650.09 White 10% RAL9010 PPSU RESINS Product Code Color LDR* Pantone No.** 660.00 Black 6% Black 6C 660.01 Brown 6% 7582C 660.02 Red 8% 7620C 660.03 Orange 6% 1505C 660.04 Yellow 6% 124C 660.05 Green 6% 348C 660.06 Blue 6% 660C 660.07 Violet 15% 7664C 660.08 Grey 6% Cool Gray 8C 660.09 White 6% RAL9010 PSU RESINS Product Code Color RAL No.* S837.0 Black 9005 S837.1 Brown 8011 S837.2 Red 3002 S837.3 Orange 2004 S837.4 Light Yellow 1016 S837.5 Green 6032 S837.6 Blue 5015 S837.7 Violet 4005 S837.8 Grey 7037 S837.9 White 9016 PES RESINS Copyright © 2021, Avient Corporation.
https://www.avient.com/sites/default/files/2021-04/gravi-tech-pipe-system-valve-case-study.pdf
THE IMPACT Gravi-Tech high-density formulations enabled API to design and mold a patented, full-opening flapper valve that is not only unique in the market, but also offers important cost, performance and environmental advantages over brass.. • System cost reduction = competitive advantage: The PolyChek valve featuring Gravi-Tech materials offer customers faster installation, less maintenance and longer life. • Design freedom = unique product offering: The ability to injection mold Gravi-Tech materials instead of machining brass enabled API to design a cost-effective, full-opening flapper valve that is 100% pigable. • High performance = customer satisfaction: The PolyChek valve gives API’s customers the ability to create all-plastic piping systems that eliminate leakage and weak spots. • Elimination of lead = increased safety and compliance: Replacing brass with Gravi-Tech high-density formulations eliminates health and safety concerns about lead. • Use of existing tooling = lower capital costs: API was able to use the same mold originally designed for nylon to run the Gravi-Tech materials, saving the substantial costs of retooling.
Thanks to the customized Gravi-Tech material, API was able to successfully design and mold a flapper valve that is the only one of its kind on the market—and offers a less expensive solution than traditional brass valves.
https://www.avient.com/sites/default/files/2024-04/Maxxam REC Outdoor Plug Socket Case Study_A4.pdf
THE IMPACT The new Maxxam REC Recycled Polyolefin formulations from Avient enabled Hager to bring the new cubyko leaf to market quickly, with a first launch in the French market in January 2024.
https://www.avient.com/sites/default/files/2021-01/sem-base-station-antenna-application-bulletin.pdf
In addition to an increased speed to market, our custom formulations boost your design flexibility and offer better performance-to-cost ratios as compared to traditionally used materials.
Faster Speed-to-Market and Increased Design Flexibility – The sampling and validating of thermoplastic formulations is faster than that of traditionally used materials such as ceramics or printed circuit boards (PCB).
https://www.avient.com/sites/default/files/2020-07/avient-abac-english-200720.pdf
Our reputation for integrity is more important than the potential gains to be made in dealing inappropriately with other individuals and organizations.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Performance%2520Products%2520and%2520Solutions.pdf
Rosenau Page 84 United States 81% Europe Canada 15% Asia 2% 2011 Revenue: $0.9 Billion2011 Revenue: $0.9 Billion SolutionsSolutions At a Glance Performance Products and Solutions Europe 2% 2% $400 $600 $800 $1,000 $1,200 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 2006 2007 2008 2009 2010 2011 2015 S a le s ($ m il li o n s) O p e ra ti n g I n co m e % o f S a le s Operating Income % and Revenue 2011 Revenue by Industry Segment2011 Revenue by Industry Segment Expanding ProfitsExpanding Profits OI % of Sales Sales 9-12% Appliance 4% Building & Construction 30% Wire & Cable 17% Electrical & Electronics 2% Consumer 4% Packaging 9% Industrial 20% Misc. 2% HealthCare 2% Transportation 8% Textiles 2% Target Page 85 • Trend toward more affordable housing favors our product 1.5 2.0 2.5 Housing Starts (in million units) 50 year average Market Dynamics Performance Products and Solutions • Ultimate housing recovery presents substantial upside to already record- setting results Source: Historical Data from the US Census Bureau, 2012 estimate is a PolyOne projection. 0.0 0.5 1.0 '87 '89 '91 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 Page 86 Value Proposition • Premier provider of specialized vinyl and supply chain solutions, leading the industry in innovation and service Transformation Highlights • Management upgrades ensure that each PP&S business Value Proposition and Transformation Highlights Performance Products and Solutions • Management upgrades ensure that each PP&S business maximizes performance • Asset realignment and Lean Six Sigma reduce costs • Strengthened relationship with winning customers • Increased differentiation in all business units > $12B Addressable Market Page 87 Key Differentiators Performance Products and Solutions • Providing application design, material design and / or process design assistance not available from competitors • Capability to improve joint value streams • We are the best innovator in our space • We are the best innovator in our space • Expanding customers’ opportunities by providing innovative materials and marketing ideas • We provide world-class customer service and delivery performance Page 88 13.7% 14.3% 15.5% 9.9% 6.2% 5.4% 2006 2007 2008 2009 2010 2011 WC % of Sales • Best-in-class working capital management and delivery performance • Improved raw material Areas of Focus – Operational Excellence Performance Products and Solutions 2006 2007 2008 2009 2010 2011 89.1% 92.0% 94.2% 93.4% 93.4% 94.0% 2006 2007 2008 2009 2010 2011 On-Time Delivery • Improved raw material positions, sourcing savings • PolyOne pilot site for many LSS and manufacturing excellence programs *As measured to customer request date * Page 89 • reFlexTM Bioplasticizers Applications: Wide variety of flexible vinyl-based products • GeonTM HC for Healthcare � Applications: Medical device housings, specialty tubing � Customer benefits: Withstand aggressive antiseptics Key Innovations Performance Products and Solutions � Applications: Wide variety of flexible vinyl-based products � Customer benefits: Lower carbon footprint, improved productivity • GeonTM SF Super Flow � Applications: Large appliance parts, molded siding panels � Customer benefits: Flame retardancy, detergent resistance Page 90 Critical Imperatives and 2015 Goal Performance Products and Solutions Critical Imperatives • Accelerate innovation - grow in new applications not historically served with vinyl • Drive continuous improvement in manufacturing and working capital efficienciesworking capital efficiencies • Selectively leverage construction recovery 2015 Goal • 9 - 12% return on sales Page 91 Page 92