https://www.avient.com/resources/safety-data-sheets?page=1470
8-YE-70 YE STD PA6.12 MASTERBATCH
DB3890 BLACK
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=1182
055BK2004 BLACK EVA
DB3820 YELLOW 70 DURO
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=7218
CORE(TM) V1863 PVC 70 CARRIER
BLACK 06C
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=7167
70% WHITE W/UV
XP182 PLASTISOL BLACK
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=4040
10037-01 EXPL4067TME2 LHB BLACK 2880
GREY FR PP
STAN-TONE HCC-34724 SB T-CHARCOAL
https://www.avient.com/sites/default/files/2020-10/mulch-films-case-study.pdf
Mulch films case study BIODEGRADABLE & COMPOSTABLE M U L C H F I L M S • Compliance with European Standard EN17033 or OK Compost • Black and white color standards available under different TÜV Austria certifications (OK Compost and more) • Full support for end-product certification for both EN13432 and EN17033 • Formulated with pigments tested and approved by certified body OnColor™ Bio-Colorants KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-05/avnt-first-quarter-2021-earnings-presentation.pdf
D is t. ) K W R R P M P P G A V Y F U L G C P IF F H X L F M C F O E H U N E C L K R A E M N A S H C E S C L G R A A LB Median: 5%Median: 3% Source: Peer data per Bloomberg market data as of April 27, 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: 77% 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 April 27, 2021 87 89 87 86 82 81 76 88 87 84 82 81 78 77 77 77 76 73 70 69 50 19 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 IF F H X L U N V R E C L A S H C E B N R F O E E M N G R A H U N K R A S C L A L B Source: Peer data per Bloomberg market data as of April 27, 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. 20 Avient reflects 2021 estimated EBITDA of $560M OUR VALUATION VERSUS PEERS Avient Specialty Formulators Other Chemical/Specialty Companies 10.2 17.7 16.0 14.9 14.6 11.6 11.1 26.7 24.0 22.8 14.3 12.7 11.5 11.2 11.1 11.0 10.3 10.1 9.5 9.4 8.3 7.0 A vi en t K W R A V Y R P M P P G G C P F U L A L B H X L E C L IF F F M C B N R A S H G R A F O E S C L E M N U N V R C E K R A H U N Median: 11.1xMedian: 14.8x SUMMARY: WHY INVEST IN AVIENT?
https://www.avient.com/resources/safety-data-sheets?page=5784
J-BLACK 20
J-BROWN 70
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=3218
YLWPWDMB (10.00% V-9415 or TY-70
PP BLACK GLITTER
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=4255
V5153 BLACK FILTER
V2017 BLACK FILTER (MD-27-70-2)
PP FR 8-6 LMS-1000