https://www.avient.com/sites/default/files/2021-06/vinod-purayath-bio.pdf
A business leader with a technical, entrepreneurial mindset, Dr.
At SanDisk Corporation, he held technical and
engineering leadership positions over an eight-year period, building and leading a global
team of engineers, whose success underpinned the growth of the company.
https://www.avient.com/sites/default/files/2023-12/Avient-North Baltimore ISO_IEC 17025%5B29%5D.pdf
Accredited Laboratory
A2LA has accredited
AVIENT CORPORATION
North Baltimore, OH
for technical competence in the field of
Mechanical Testing
This laboratory is accredited in accordance with the recognized International Standard ISO/IEC 17025:2017
General requirements for the competence of testing and calibration laboratories.
This accreditation demonstrates
technical competence for a defined scope and the operation of a laboratory quality management system
(refer to joint ISO-ILAC-IAF Communiqué dated April 2017).
https://www.avient.com/sites/default/files/2021-05/avnt-tpe-beginner-guide-fin.pdf
https://www.avient.com/services/how-resources/technical-bulletins/hardness
https://www.avient.com/services/how-resources/tpe-faqs#stretchProperties
What are the main advantages of using TPEs?
If we’re being nuanced, thermoplastic
elastomers don’t technically melt.
https://www.fda.gov/food/food-ingredients-packaging/generally-recognized-safe-gras
https://www.fda.gov/food/food-ingredients-packaging/generally-recognized-safe-gras
https://www.avient.com/services/how-resources/technical-bulletins/coloring-tpes
Diving Deeper
into TPEs
Are TPEs eco-friendly?
https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.pdf
Continue fostering our Great Place
to Work® culture
Strategic ObjectivesStrategic Objectives
Long Term
Growth
Rates
Growth DriversGrowth Drivers
$340
$455
$790
$1,175
$51
$84
$212
$668
$108 $113
$231
$293
$265
$358
$726
$830
8-12% 10% 8-10% 5%
Sustainable Solutions Composites Healthcare Asia/Emerging Regions
Profitable GrowthProfitable Growth Great Place to WorkGreat Place to Work
5.4%
11.5%
16.2%
2006 2018 2022
EBITDA Margins
$0.14
$2.67
$3.04
2006 2018 2022
2022 data is pro forma for acquisition of Avient Protective Materials and Distribution divestiture
TOP-TIER SUSTAINABILITY PERFORMANCE
AND RECOGNITION
Industry Sustainability Standards
90th
percentile
87th
ESG Ratings Performance
5
5
Innovation is the lifeblood of a specialty company.
Global Compact
• Highlights ESG Performance, including
ratings, awards, and certifications
• Features increased carbon emissions
disclosures, including Climate Change Scenario
Analysis and Scope 3 emissions data
• Outlines Sustainable Supplier Program,
designed to enable supplier evaluation &
collaboration
• Reflects Great Place To Work® culture focused
on safety, employee engagement and
advancing diversity, equity and inclusion
2022 SUSTAINABILITY REPORT
19
Avient Confidential 20
• Virtual presentation to be held
September 20, 2023
• Leadership will be conducting
an investor-focused
presentation around our
sustainable solutions portfolio
• Deep dive into how we enable
customers to achieve their
sustainability goals
SUSTAINABILITY DAY
20
…are Growing at Twice the Rate as
Conventional Products
Sustainably-Branded Products…
STAKEHOLDER INFLUENCE DRIVES DEMAND
Consumers
Are demanding
recyclability and eco-
conscious products
Governments
Are mandating changes
through legislation, taxes,
and regional accords
Brand Owners
Have committed to
ambitious goals to achieve
sustainability metrics
21
AP P EN D IX
24
Performance
Additives
16%
Pigments
12%
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
2022 pro forma results for the acquisition of Avient Protective Materials
RAW MATERIAL BASKET
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,280 and estimated run-rate CAPEX of $110M.
26
3 3
4 4
4
5 5
7 7
9
10
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
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
01
1)
01
8)
02
3)
Avient Specialty
Other Specialty /
SEGMENT DATA
U.S. & Canada
40%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Building and
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
9%
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
34%
38%
END MARKET REGION
31
34%
21%
Building &
1% Energy
2%
COLOR, ADDITIVES & INKS
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
52%
35%
32
19%
8%Industrial
16%
9% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
27%
14%
17%
Building &
(37% of sales)Transportation
12%
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
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/news/polyone-showcases-its-expertise-and-comprehensive-medical-polymers-and-colorants-portfolio-mdm-west-2018
Expert team that collaborates with medical device OEMs and contract manufacturers to provide an unparalleled combination of material and application knowledge, advanced technical resources, and logistics expertise to optimize medical component performance and mitigate risk.
Resilience™ HC Rigid Vinyl: Offers excellent moldability and surface finish, withstands a broad range of disinfectants, and provides required flammability and UV performance.
https://www.avient.com/company/sustainability/sustainability-report/products/markets/protective-materials
High resistance to UV radiation
https://www.avient.com/industries/energy
Our full range of material solutions include photovoltaic wire and cable that enable renewable energy infrastructure, superior UV weathering protection for solar power installations, and continuous fiber-reinforced composites for structural wind turbine components.
https://www.avient.com/knowledge-base/article/eliminate-paint-these-three-vehicle-components?rtype[]=1164
To make the switch, consider additives such as UV inhibitors that can be infused into molded-in color bumpers to protect against fading and prolong color integrity.
https://www.avient.com/knowledge-base/article/eliminate-paint-these-three-vehicle-components?ind[]=6601
To make the switch, consider additives such as UV inhibitors that can be infused into molded-in color bumpers to protect against fading and prolong color integrity.
https://www.avient.com/products/polymer-additives/barrier-and-scavenger-additives/colormatrix-capture-oxygen-scavenger
Proprietary light barrier technology that protects your contents from the harmful effects of UV rays.