https://www.avient.com/resources/safety-data-sheets?page=5697
DARK GRAY MC-81411PP
YELLOW W/UV MC-42484PE
BLANCO UV PP
https://www.avient.com/resources/safety-data-sheets?page=1895
TAUPE W/UV AO
ENCLOSURE GRAY CC 3
OnForce LFT NN-40LGF/000 HS UV black
https://www.avient.com/resources/safety-data-sheets?page=1098
WHITE W/ UV
XPPR-40G H UV GREY
GEON MR900 GRAY 2394
https://www.avient.com/resources/safety-data-sheets?page=946
BLUE UV
WHITE w/UV M6291A
WHITE w/o UV M6291A
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
National Defense
budget of $842 billion submitted to Congress
in Q1 2023
• European NATO members annual defense
spend expected to increase by up to 20%
Where Avient Wins:
Dyneema® is the world’s strongest fiber™
One of the highest strength to weight
ratios of any material on Earth
Direct relationships with industry leading
armor manufacturers
Resistant to most chemicals, UV, and
moisture to handle any environment
Avient Confidential 13
DEFENSE
Source: US Department of Defense, defense.gov, NATO13
Source:
TRANSPORTATION
• Increased EPA regulations requiring
improved fuel efficiency, enabled in part by
lower-weight vehicles
• Automakers preparing for 2/3 of U.S.
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
2023E(%)
32
79
87
83 81
76
73
90
79 77 76
73
69
60
22
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
A
V
Y
R
P
M
F
M
C
C
E
H
X
L
A
S
H
E
C
L
H
U
N
E
M
N
S
C
L
M U LT I P L E E X PA N S I O N
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of April 28, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $38.51.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
33
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
9.9
14.6
13.7
13.0
11.9
8.8
18.7
17.4
11.8
10.0 9.7
9.1
8.0 7.9
A
vi
e
n
t
(2
0
1
1
)
A
vi
e
n
t
(2
0
1
8
)
A
vi
e
n
t
(2
0
2
3
)
K
W
R
P
P
G
R
P
M
A
V
Y
F
U
L
E
C
L
H
X
L
F
M
C
A
S
H
S
C
L
C
E
E
M
N
H
U
N
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/resources/safety-data-sheets?page=2531
XGMF 1204 60 HS UV BLACK 124
GRV-TP-080-W-NAT
YELLOW W/UV
https://www.avient.com/resources/safety-data-sheets?page=2416
HM ORANGE 021C w/UV
LX-W-1303 WHITE DIPPING LATEX
LX-W-1328 BLUE LATEX
https://www.avient.com/resources/safety-data-sheets?page=1354
PG 63486.00 RD HDPE AS
PX-V-130 HOT MELT W/ LEMON LIME
RED HDPE
https://www.avient.com/resources/safety-data-sheets?page=5665
MC-14784AB BLU 541C ABS W/ AS 91110007
MC-15213PP MONO BLUE W/UV
MC-16203PP TINTED BLU W/ AS 91000297
https://www.avient.com/resources/safety-data-sheets?page=26
AMERICAN FREIGHTWAY RED W/UV