https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
Avient corporation first quarter 2023 results
AVIENT CORPORATION
I N V E S T O R P R E S E N T A T I O N
(NYSE: AVNT)
F E B R U A R Y 2 0 2 4
D I S C L A I M E R
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Continue fostering our Great
Place to Work® culture
Strategic Objectives
Long Term
Growth
Rates
Growth Drivers
$340
$455
$790
$1,135
2016 2018 2020 2023
$51
$84
$212
$645
2016 2018 2020 2023
$108 $113
$231 $230
2016 2018 2020 2023
$265
$358
$726 $725
2016 2018 2020 2023
8-12% 8-10% 8-10% 5%
Sustainable Solutions Composites Healthcare Asia/Emerging Regions
Profitable Growth Great Place to Work
5.4%
10.9%
16.0%
2006 2014 2023
EBITDA Margins
$0.14
$1.93
$2.36
2006 2014 2023
Adjusted EPS
TOP -T IE R S US TAINABIL IT Y P E RF ORM ANCE
AND RE COGNIT ION
Industry Sustainability Standards
ESG Ratings Performance
1
2
4
87th
94th
percentile
5
Avient CDP Score:
A-
F E B R U A R Y 1 4 , 2 0 2 4
W E B C A S T
P R E S E N T AT I O N
DR.
AS HIS H KHANDP UR
P R E S I D E N T & C E O
7
8
PORTFOLIO TRANSFORMATION
8
7%
46%
66%
87%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2020 2023
%
o
f A
dj
us
te
d
E
B
IT
D
A
Commodity JVs Distribution Performance Products & Solutions Specialty Businesses
Adjusted EBITDA from Specialty Applications
SUSTAINABILITY AS A GROWTH DRIVER
9
LONG-TERM REVENUE GROWTH DRIVERS
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
60%+
Key Growth
Drivers
Total Company Revenue
Growth Drivers Long-Term Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other 0–2%
Avient 6%
END MARKET OBSERVATIONS
( % O F C O M PA N Y S A L E S )
ENERGY
5%
DEFENSE
7%
TELECOMMUNICATIONS
4%
HEALTHCARE
7%
10
TRANSPORTATION
10%
INDUSTRIAL
16%
BUILDING &
CONSTRUCTION 9%
CONSUMER
19%
PACKAGING
23%
11
REGIONAL OBSERVATIONS
( % O F C O M PA N Y S A L E S )
11
US & Canada
Latin America
EMEA
Asia
41%
36%
18%
5%
Q 4 2 0 2 3 R E S U L T S
Q4 2023 PERFORMANCE VS.
https://www.avient.com/sites/default/files/2021-12/certificate-of-registration-avient-s.a-r.l.-sweden-filial-nov-29-2021.pdf
e-Certificate of registration
Swedish Companies Registration Office
BRANCH
D1a- 6858922
Registration number
Date of registration of the company
Document created on
Date of registration of current name
Page
516411-5031
2018-08-28
2021-11-30 17:11
2021-11-29
1 (3)
Pending matter(s)
The register indicates pending matter(s) regarding a change to
the registered information at the time this certificate was created.
e-Certificate of registration
Swedish Companies Registration Office
BRANCH
D1a- 6858922
Registration number
Date of registration of the company
Document created on
Date of registration of current name
Page
516411-5031
2018-08-28
2021-11-30 17:11
2021-11-29
2 (3)
Registration number: 516411-5031
Business name: Avient S.à r.l., Sweden Filial
Address:
Drottninggatan 56
411 07 GÖTEBORG
County and municipality: Västra Götaland, Göteborg
Note:
MANAGING DIRECTOR
630516 Palm, Christoph, Gruss Strooss 35, L-9991 WEISWAMPACH,
LUXEMBURG
AUDITORS
556053-5873 Ernst & Young Aktiebolag, Box 7850, 103 99 STOCKHOLM
Represented by: 850807-5135
PRINCIPALLY RESPONSIBLE AUDITOR
850807-5135 Edman, Mikael Thomas Gunnar, c/o Ernst & Young AB,
401 82 GÖTEBORG
SIGNATORY POWER
Signatory power alone by
Palm, Christoph
FINANCIAL YEAR
Registered financial year: 0101 - 1231
DATE OF REGISTRATION OF CURRENT AND PREVIOUS BUSINESS NAMES
2021-11-29 Avient S.à r.l., Sweden Filial
2018-08-28 PolyOne S.à.r.l., Sweden Filial
INFORMATION ABOUT THE FOREIGN COMPANY
B226205
Avient S.á.r.l.
19, Route de Bastogne
L-9638 Pommerloch
LUXEMBURG
Registered office of the foreign company:
Pommerloch
Name of the register in which the foreign company is registered:
e-Certificate of registration
Swedish Companies Registration Office
BRANCH
D1a- 6858922
Registration number
Date of registration of the company
Document created on
Date of registration of current name
Page
516411-5031
2018-08-28
2021-11-30 17:11
2021-11-29
3 (3)
RCS, Registre de Commerce,
Luxembourg Business Register
LUXEMBURG
Foreign company's financial year:
0101 - 1231
The above information is an extract from the Trade and Industry
Register Bolagsverket, the Swedish Companies Registration Office.
https://www.avient.com/sites/default/files/2021-03/decking-case-study-1-pager.pdf
STRUCTURAL
DECKING
R E I N F O R C E D H D P E L U M B E R
• Reinforcement to improve strength of HDPE decking
• Composite tape compatible with HDPE for strong
adhesion
• Low thermal expansion
• Domestic (U.S.) supply and manufacturing
• Added strength to HDPE deck boards to
enable industry-leading load capacity and
joist spacing spans
• Extended product life with superior adhesion
of PE tape via co-extrusion
• Improved supply reliability with product
manufactured in Englewood, CO
Polystrand™ unidirectional thermoplastic
composite tape
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2020-10/case-study-nymax-rigid-phone-case.pdf
LEADING OUTDOOR
PRODUCTS OEM
P R O T E C T I V E P H O N E C A S E
• Alternative to traditional PC/ABS for improved toughness
and chemical resistance
• Substrate must have improved bondability to a protective
TPE overmold
• Looking for a differentiated “feel”
• Offered a proven expertise in selecting the
right combination of substrate polymer, TPE
for overmolding, and color concentrate for
optimal processing and performance
• Provided custom solution after collaborating
with molders and OEM through on-site trials
and troubleshooting support
• Enabled the customer to expand their
offering for the outdoor consumer market
• Custom Nymax™ PA6 Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-07/Gravi-Tech - HDPE Meat Box - Application Snapshot.pdf
PROHACCP
D E T E C T A B L E E 2 B O X
• Magnetic for detection in factory
• EU and FDA food contact compliance
• Durable for repeated use
• Color matching
• Enabled fast and accurate development of a
custom formulation meeting all customer
requirements
• Provided both material and color expertise
from a single source
• Matched color to specific blue providing
visual contrast against meat/food products,
enhancing detectability
Gravi-Tech™ Density Modified Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-06/Maxxam - EV Part - Application Snapshot.pdf
KUNSTSTOFF
SCHWANDEN
E L E C T R I C V E H I C L E P A R T
• Replace aluminum to reduce part weight and overall
weight of the electric vehicle
• Secure supply of high volume of material
• Flexible delivery
• Cost competitive
• Enabled OEM to replace metal and reduce part
weight
• Provided excellent customer service, sending
samples and technical data promptly
• Supported customer with processing queries
• Secured material supply and flexible delivery –
delivering on a specific date each month
Maxxam™ Polyolefin Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-04/Smartbatch Color and Additives - Lower Bumper - Application Snapshot.pdf
AUTOMOTIVE OEM
L O W E R E X T E R I O R B U M P E R
• Develop a new color for molded-in-color plastics
• Create ‘Wow’ effect without chroming or paint
• Provide metallic aspect with good UV resistance for
exterior part
• Developed new “gris megalithe” color for PP
(AS1) utilizing Avient Design center
• Produced master plaques to showcase new color
• Accelerated testing to certify outstanding
weathering resistance
• Collaborated across the supply chain to optimize
metallic effect in the final part
Smartbatch™ Combination Colorants &
Additives
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-03/Dental Scaler Application Snapshot.pdf
S U RG I C A L
I N S T RU M E N T O E M
D E N T A L S C A L E R
• Attain an extreme white color to appear hygienic and
aesthetically pleasing
• Ability to laser mark the brand
• Maintain impact resistance
• Achieved a clean, bright white color that
provided a more pleasing experience for
patients
• Allowed scaler to be laser marked for brand
identification
• Met the need for impact resistance and
successfully passed the drop test
requirements
Transcend™ Premier Healthcare Colorants
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-12/versalloy-xl-flexible-neck-for-lamp.pdf
H Y D RO P O N I C G ROW I N G
S YS T E M B R A N D
F L E X I B L E N E C K F O R L A M P
• High flow performance capabilities
• Beautiful finish
• Soft touch
• Supported the development process, from
initial design to product launch, to meet the
needs of both the molder and OEM
• Delivered a TPE solution that enabled a
22” flow line with a wall thickness of 0.225”
• Provided technical support and shared
process best practices to minimize
cosmetic defects
Versalloy™ XL Thermoplastic Elastomer
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-12/case-study-versaflex-ce-waterproof-speaker-2.pdf
TOP SPEAKER
MANUFACTURER
W A T E R P R O O F S P E A K E R
G A S K E T
• Provide good sealing properties
• Protect from water and dust
• Reduce production time and costs
• Increase design freedom
• Provided a low compression set TPE with
IP67 ingress protection
• Easily prevented ingress of dust and water
• Decreased cycle times and reduced overall
manufacturing costs
• Increased design freedom with overmolding
Versaflex™ CE 3120-40 Thermoplastic
Elastomer
KEY REQUIREMENTS
WHY AVIENT?