https://www.avient.com/sites/default/files/2022-04/Gas Pipe Mfgr Application Snapshot.pdf
Gas Pipe Mfgr Application Snapshot
G A S D I S T R I BU T I O N
P I P E M A N U FAC T U R E R
P R O F I L E E X T R U S I O N
• Meet Plastic Pipe Institute (PPI) gas distribution pipe
approval requirements for ASTM D2513 and PE2708
MDPE
• Reduce the number of quality complaints through
enhanced color distribution and consistency
• Eliminate late notifications and poor communications with
a higher level of customer service from their supplier
• Provided a PPI-approved colorant as
required with the added benefit of additional
UL and NSF approvals
• Supplied improved solid colorant formulation
resulting in fewer customer complaints
• Offered a premier problem solving approach
with enhanced communications and
increased sense of urgency
OnColor™ Yellow Solid Colorant
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-therma-tech-automotive-led-heat-sink_0.pdf
© 2019, All Right Reserved
Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
T R A N S P O RTAT I O N
L I G H T I N G S U P P L I E R
H E A T S I N K F O R H I G H P O W E R
L E D
• A material to replace aluminum
• High thermal conductivity - 20 W/mK
• Electrically conductive
• Increase production rate by 50%, as
three secondary operations were
eliminated
• Reduced the weight of each part by 30%
• Collaborated with the customer to
participate in the SPE Automotive
Innovation Awards
Therma-Tech™ TT6600-5001 EC Grey
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2022-04/Application Snapshot Smartbatch Frost SFX Final.pdf
Application Snapshot Smartbatch Frost SFX Final
COSMETICS BRAND
P E R S O N A L C A R E P E T &
R P E T P A C K A G I N G
• Solutions suitable for 100% rPET carrier colorants
• Compatible with all ISBM molding machines
• Should work with a wide variety of rPET grades
• Worked with customer to provide a special
effect solution that achieved a matte or frost-
like effect in PET resin
• Created a formulation that diffuses light and
enhances bottle appearance, similar to edge-
glass
• Allowed the customer greater design freedom
with a wide range of color options
• Enabled customer to reduce VOC by
eliminating bottle spraying
SmartBatch™ Frost Collection
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-02/avient-ir-presentation-goldman-sachs-and-morgan-stanley.pdf
D
is
t.
)
R
P
M
P
P
G
K
W
R
F
U
L
A
V
Y
G
C
P
IF
F
F
M
C
H
X
L
H
U
N
E
M
N
F
O
E
E
C
L
K
R
A
S
C
L
A
S
H
C
E
G
R
A
A
L
B
Median: 5%Median: 3%
Source: Peer data per Bloomberg market data as of February 5, 2021
Avient reflects 2021 estimated revenue of $4,100M 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: 83% Median: 76%
H I G H F R E E C A S H F L OW
C O N V E R S I O N
Avient reflects 2021 estimated EBITDA of $510M and excludes one-time synergy capture CAPEX ($20M)
Source: Peer data per Bloomberg market data as of February 5, 2021
85 87 86 86
81 81
59
92
88
81 79 79 79
76 76 75
73
67 67
64
60
7
A
vi
e
n
t
P
P
G
K
W
R
R
P
M
F
U
L
A
V
Y
G
C
P
IF
F
F
M
C
U
N
V
R
H
X
L
E
M
N
B
N
R
E
C
L
C
E
A
S
H
F
O
E
G
R
A
H
U
N
K
R
A
S
C
L
A
L
B
Source: Peer data per Bloomberg market data as of February 5, 2021
Total Enterprise Value / 2021E EBITDA
Our current valuation implies an
EBITDA multiple that is significantly
below specialty formulator peers and
our historic valuations, when the
company had considerable exposure
to more cyclical and challenging end
markets.
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.
27
Avient reflects 2021 estimated EBITDA of $510M
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
9.5
21.1
13.2 13.2
12.0 12.0
9.7
25.2
23.1
14.7
13.5
12.9
11.0 11.0 11.0 10.2
9.6 9.3 9.3 9.1 8.6 8.3
A
vi
e
n
t
K
W
R
A
V
Y
R
P
M
G
C
P
P
P
G
F
U
L
A
L
B
E
C
L
H
X
L
IF
F
F
M
C
G
R
A
B
N
R
F
O
E
A
S
H
C
E
S
C
L
U
N
V
R
E
M
N
H
U
N
K
R
A
Median: 11.0xMedian: 12.6x
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/2020-08/2020-hammerhead-application-install-guide.pdf
Deflection is dependent on support span distance.
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
12 18 24 30 36 42 48 54 60
D
e
fl
e
c
ti
o
n
p
e
r
12
i
n
c
h
w
id
th
*
Support Distance - in
.75" Hammerhead Panel
0.00
0.20
0.40
0.60
0.80
1.00
1.20
12 18 24 30 36 42 48 54 60
D
e
fl
e
c
ti
o
n
p
e
r
12
i
n
c
h
w
id
th
*
Support Distance - in
1.50" Hammerhead Panel
Simply supported beam deflection for Hammerhead™
panels with 5.3 lb/ft3 core density
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
12 18 24 30 36 42 48 54 60
D
e
fl
e
c
ti
o
n
p
e
r
12
i
n
c
h
w
id
th
*
Support Distance - in
.50" Hammerhead Panel
0.00
0.50
1.00
1.50
2.00
2.50
12 18 24 30 36 42 48 54 60
D
e
fl
e
c
ti
o
n
p
e
r
12
i
n
c
h
w
id
th
*
Support Distance - in
1.00" Hammerhead Panel
50lb 100lb 150lb 200lb 250lb
LOAD CASE
Hammerhead™
PETG Laminate
Hammerhead™
PETG Laminate
* To calculate deflection for different panel widths, use the
following formula: Deflection = Chart value* [12 / panel width].
Example: Deflection for 24 inch panel = Chart value *[12 / 24]
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
12 18 24 30 36 42 48 54 60
D
e
fl
e
c
ti
o
n
p
e
r
12
i
n
c
h
w
id
th
*
Support Distance - in
.50" Hammerhead Panel
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
12 18 24 30 36 42 48 54 60
D
e
fl
e
c
ti
o
n
p
e
r
12
i
n
c
h
w
id
th
*
Support Distance - in
.75" Hammerhead Panel
0.00
0.50
1.00
1.50
2.00
2.50
12 18 24 30 36 42 48 54 60
D
e
fl
e
c
ti
o
n
p
e
r
12
i
n
c
h
w
id
th
*
Support Distance - in
1.00" Hammerhead Panel
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90
1.00
12 18 24 30 36 42 48 54 60
D
e
fl
e
c
ti
o
n
p
e
r
12
i
n
c
h
w
id
th
*
Support Distance - in
1.50" Hammerhead Panel
Hammerhead™
PETG Laminate
Hammerhead™
PETG Laminate
Simply supported beam deflection for Hammerhead™
panels with 8.4 lb/in3 core density
* To calculate deflection for different panel widths, use the
following formula: Deflection = Chart value* [12 / panel width].
Example: Deflection for 24 inch panel = Chart value *[12 / 24]
Fixed end beam deflection for Hammerhead™
panels with 8.4 lb/ft3 core density
50lb 100lb 150lb 200lb 250lb
LOAD CASE
Hammerhead™
PETG Laminate
Hammerhead™
PETG Laminate
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
12 18 24 30 36 42 48 54 60
D
e
fl
e
c
ti
o
n
p
e
r
12
i
n
c
h
w
id
th
*
Support Distance - in
.50" Hammerhead Panel
0.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
12 18 24 30 36 42 48 54 60
D
e
fl
e
c
ti
o
n
p
e
r
12
i
n
c
h
w
id
th
*
Support Distance - in
1.00" Hammerhead Panel
0.00
0.10
0.20
0.30
0.40
0.50
0.60
12 18 24 30 36 42 48 54 60
D
e
fl
e
c
ti
o
n
p
e
r
12
i
n
c
h
w
id
th
*
Support Distance - in
.75" Hammerhead Panel
0.00
0.02
0.04
0.06
0.08
0.10
0.12
0.14
12 18 24 30 36 42 48 54 60
D
e
fl
e
c
ti
o
n
p
e
r
12
i
n
c
h
w
id
th
*
Support Distance - in
1.50" Hammerhead Panel
* To calculate deflection for different panel widths, use the
following formula: Deflection = Chart value* [12 / panel width].
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
GOFF
Gregory J.
PREETE
Kerry J.
Fearon, Kerry J.
https://www.avient.com/sites/default/files/2024-10/Final 2_Avient Semicondcutor Packaging Case Study Snapshot 2024.pdf
S E M I C O N D U C TO R
PAC K A G IN G O E M
S P E C I A L T Y , S T A T I C
D I S S I P A T I V E P A C K A G I N G
• Provide protection against electrostatic discharge (ESD) and environmental
variations
• Ensure highly specialized, clean manufacturing conditions
• Deliver stringent quality control of ionic and metal contamination
• Maintain availability of raw materials across a global supply chain
• Ability to translate production globally
• Protected critical electronics from ESD while providing
an environmental barrier
• Adhered to strict quality and cleanliness controls from
raw material handling through production to help
maintain high-purity standards, such as ultra-clean
feeders, deionized water, and specific HVAC systems,
supporting quality initiatives, including PCS reviews,
eCoA, and HA assessments
• Exceeded customer expectations for controlling ionic
and metal contamination down to parts per billion (PPB)
• Offered global capabilities with local support and material
supply to meet growing semiconductor industry needs
Stat-Tech Static Dissipative Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2025-02/Mevopur White Formulation for PCR Well Plates - Case Study_0.pdf
L A B O R ATO RY E Q U I P M E N T
M A N U FA C T U R E R
P C R W E L L P L A T E S
• Very high level of TiO2 to prevent “cross-talk” between the wells
during the qPCR fluorescence testing procedure
• Minimized background phosphorescence caused by
agglomeration of TiO2 and/or oxidized (stressed) polystyrene
• Preservation of polystyrene grade properties
• Change control of formulation and manufacturing process
• Robust product quality from batch to batch
• Developed optimally dispersed, ready-to-use
white formulation that maintains adequate signal
transmission, as well as minimizing “cross-talk”
and background phosphorescence
• Optimized the use of general purpose polystyrene
(GPPS) for a good balance between melt flow
and other physical properties, such as stiffness
• Provided comprehensive change control of raw
materials and formulation, with a robust
manufacturing process and quality control under
a third party ISO 13485:2016 certified QMS
Mevopur Healthcare Colorants and Formulations
– pre-colored solution
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-10/demystifing-cmf-brochure.pdf
COLOR, MATERIAL & FINISH DESIGN SERVICE
FIVE WAYS TO BRING CLARITY TO COLOR, MATERIAL
& FINISH SELECTION
D E M Y S T I F Y I N G C M F
FINDING THE RIGHT BALANCE BETWEEN LOOK,
FEEL AND FUNCTION IS IMPORTANT
BUT CHALLENGING
N E A R LY 9 0 % O F A L L P U R C H A S E D E C I S I O N S A R E M A D E S U B CO N S C I O U S LY.
CO LO R , M AT E R I A L & F I N I S H P L A Y A C R U C I A L R O L E I N I N F LU E N C I N G
CO N S U M E R P E R C E P T I O N .
DESIGN MOTIVATES
D E S I G N I L L U M I N A T E S
VISUALIZING
COLOR, MATERIAL
& FINISH SELECTION
W E ’ V E D E V E LO P E D A TO O L T H AT
A L LO W S Y O U TO S E T T H E C R I T I C A L
FA C TO R S F O R Y O U R P R OJ E C T,
A L LO W I N G Y O U TO M A K E I N T E L L I G E N T
C M F D E C I S I O N S A N D A CC E L E R AT E
D E V E LO P M E N T.
https://www.avient.com/sites/default/files/2022-03/AVNT Mar 2022 Presentation.pdf
D
is
t.
)
K
W
R
P
P
G
F
U
L
R
P
M
A
V
Y
F
M
C
H
U
N
H
X
L
S
C
L
E
C
L
E
M
N
C
E
A
S
H
Source: Peer data per Bloomberg market data as of February 15, 2022.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
H I G H F R E E C A S H F L OW
C O N V E R S I O N
Avient reflects 2021 estimated EBITDA of $635M and estimated CAPEX of $90M (excludes IT system upgrade of $25M and synergy capture CAPEX of $20M)
Source: Peer data per Bloomberg market data as of February 15, 2022
86
89
85
80
76 76
89
85
79 78 76 76 76
70 69
63
8
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
A
V
Y
R
P
M
F
M
C
U
N
V
R
H
U
N
B
N
R
H
X
L
E
C
L
C
E
A
S
H
E
M
N
S
C
L
A
L
B
Source: Peer data per Bloomberg market data as of February 15, 2022
Total Enterprise Value / 2022E EBITDAWith the Clariant Color business
acquisition and divestment of the
PP&S business, our exposure is
now concentrated in less-cyclical
and high-growth markets.
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
5.4
8.5
10.1 10.0
15.7
15.0
14.2
12.7
10.2
25.0
19.7
17.7
13.2
12.3
10.0 9.9
8.9 8.5 8.3
6.6
A
vi
e
n
t
(2
0
1
1
)
A
vi
e
n
t
(2
0
1
6
)
A
vi
e
n
t
(2
0
2
1
)
A
vi
e
n
t
(T
o
d
a
y)
R
P
M
K
W
R
P
P
G
A
V
Y
F
U
L
A
L
B
E
C
L
H
X
L
A
S
H
F
M
C
B
N
R
E
M
N
U
N
V
R
C
E
S
C
L
H
U
N
Historic Multiple
S U M M A RY: W H Y I N V E S T I N AV I E N T ?