https://www.avient.com/knowledge-base/case-study/manufacturer-grows-market-share-lead-free-products
The company also wanted to find a lead-free vinyl that would process as well as lead-stabilized material to avoid a negative impact on manufacturing efficiency and cycle time.
Teams from both companies worked together on the needed conversion, eventually developing new Geon™ vinyl compounds using stabilizers without lead that delivered equivalent processing and performance parameters.
In addition to developing the right materials, the teams worked closely to transition all aspects of manufacturing using the new materials.
https://www.avient.com/news/new-non-pfas-mold-release-additive-avient-high-temperature-polymers-help-enhance-manufacturing-efficiency
This process can help reduce cycle times and boost productivity by reducing demolding times and protecting the mold and the manufactured plastic parts while utilizing an alternative to PFAS-based additives.
Boosting Productivity: By easing demolding times, Evoluscend™ additive benefits the overall cycle time of injection molding machines, improving throughput without use of PFAS-based additives
Avient is certified ACC Responsible Care®, a founding member of the Alliance to End PlasticWaste and certified Great Place to Work®.
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-plastone-processing-enhancing-additive
Reduced Cycle Times, Improved Aesthetics
Reduced mold packing and hold times, lower injection and back pressures, and reduced scrap rates for shorter cycle times
Cycle time reducers can increase your production capacity without any additional equipment investment
https://www.avient.com/sites/default/files/2023-09/Avient Sustainability Day 2023 - Website %289.19%29.pdf
DISCLAIMER Avient Corporation 3 Avient Corporation 4 Welcome Bob Patterson Chairman, President, and Chief Executive Officer INTRODUCTION Sustainability for a Better Tomorrow Jamie Beggs Senior Vice President and Chief Financial Officer Avient Corporation 5 WE ARE A FORMULATOR CUSTOM FORMULATION Avient Corporation 6 Avient Corporation 7 WE ARE INNOVATORS 2,500+ ACTIVE PATENT FILINGS WORLDWIDE 1,100+ RESEARCH AND DEVELOPMENT ASSOCIATES >85% Stage-gate technology projects enable sustainable solutions INDIA INNOVATION CENTER 33% 2022 VITALITY INDEX 140+ MATERIAL SCIENCE PhD ASSOCIATES Avient Corporation 8 3% 3% 5% Avient Specialty Formulators Other Specialty / Chemical Companies CAPEX / Revenue 2023E Global footprint enables greater flexibility to exceed needs of customers and deliver localized technical and formulation expertise 35 9 36 24 Manufacturing Locations by Region WE ARE ASSET LIGHT Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA Avient Corporation 9 Asset-light flexibility enables more nimble manufacturing capabilities and lower overhead Periods of economic weakness have driven higher levels of cash generation due to working capital improvement PROVEN TRACK RECORD OF HIGH FREE CASH FLOW CONVERSION 78% 78% 80% 80% 81% 78% 84% 83% 80% 79% 50% 55% 60% 65% 70% 75% 80% 85% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E 0 50 100 150 200 250 300 350 400 Fr ee C as h Fl ow C on ve rs io n Fr ee C as h Fl ow FCF $ AVNT FCF Conversion % S&P FCF Conversion % 2 Recent Divestitures - Combined $1.7B in Proceeds PORTFOLIO EVOLUTION Avient Corporation 10 Combined $3.6B Investment in Acquisitions Since 2016 Color Business Distribution 2016 2022 PORTFOLIO TRANSFORMATION 7% 46% 66% 87% 100% 0% 20% 40% 60% 80% 100% 2005 2010 2015 2020 2023 % o f A dj us te d EB IT DA Commodity JVs Distribution Performance Products & Solutions Specialty Businesses Adjusted EBITDA from Specialty Applications Avient Corporation 11 END MARKET TRANSFORMATION Packaging Consumer Healthcare Defense Avient Corporation 12 10% 19% 8% 23% 4% 7% 7% 2006 2023E Other Industri es 78% Healthcare Consumer Packaging 22% 56% 14% 10% 43% 9% 2006 2023E Reduced Exposure to Cyclical End Markets End Market Diversification Transportation Building & Construction 57% 19% Defense IMPROVING PROFITABILITY AND EXPANDING MARGINS Avient Corporation 13 Adj.
Avient Corporation 19 Sustainability is integral to achieving our vision, mission, and performance that: • creates a safe and accepting environment that empowers associates to perform to their fullest potential • gives back to the communities where we work and live • enables customers to innovate solutions that help make the planet more sustainable • protects the environment by addressing climate change, conserving natural resources and preventing pollution • actively manages risk for investors & yields financial performance Avient Corporation 20 EXTERNAL ALIGNMENT DEEPLY EMBEDDED IN OUR CULTURE Avient Corporation 21 MEGATRENDS OFFER OPPORTUNITIES FOR SUSTAINABLE SOLUTIONS Advancements in Technology Transformation of Municipalities Lifestyle Refresh Rethinking Globalization Evolution of Healthcare Avient Corporation 22 SUSTAINABILITY TRENDS DRIVING AVIENT’S GROWTH Changes in consumer behavior driven by climate change & desire to reduce plastics waste Consumers seeking to buy more sustainable products from more sustainable companies Brand owner and retailer demand to meet sustainability targets & needs Rising emphasis on preserving and protecting natural resources & human life Increased current and pending government legislation and regulations CONSUMERS WANT SUSTAINABLE PRODUCTS Source: Simon Kucher 2022 Avient Corporation 23 85% Consider sustainability when they purchase 60% Rate sustainability as a key criterion in purchasing decisions 34% Are willing to pay more for sustainable products 25% Average premium consumers are willing to pay for sustainable products PURPOSE-DRIVEN CONSUMERS NOW LARGEST SEGMENT Source: IBM / National Retail Federation 2022 Avient Corporation 24 “Purpose-driven consumers seek products and brands that align with their values and provide health and wellness benefits.
Packaging and Packaging Waste Directive) RECYCLE SOLUTIONS Sources: UN Environment Programme; Deloitte; McKinsey & Company; European Commission: Environment SOLVING CHALLENGES IN KEY END MARKETS Avient Corporation 33 Transportation Lightweighting Recycle solutions VOC reduction Consumer Recycle solutions Lightweighting Carbon footprint Healthcare Carbon footprint Bio-based content Eco-conscious Packaging Recycle solutions Lightweighting Food waste reduction Sustainable Infrastructure Eco-conscious Carbon footprint Resource conservation HOW AVIENT INNOVATION ENABLES SUSTAINABLITY Avient Corporation 34 Solutions to increase recycled content and minimize plastic waste Solutions to reduce weight and energy consumption Solutions to preserve and protect natural resources & human life HOW WE ENABLE SUSTAINABILITY Renew Michael Garratt Senior Vice President, President of Color, Additives and Inks – EMEA Avient Corporation 35 RENEW Avient Corporation 36 KEY CUSTOMER CHALLENGES: • Meet Aggressive Sustainability Goals - While brand owners have made strong, public sustainability commitments – many are currently trailing far behind goals • Develop Strategies to Minimize Plastic Waste - Plastic waste remains a global priority with consumers and legislatures – forcing brand owners to implement tangible mitigation strategies • Increase Post Consumer Recycle (PCR) Utilization & Post Consumer Recycle Availability - Increasing the use of PCR is far more challenging than many companies had anticipated • Meet Legislation Requirements - Legislatures are drafting financial penalties for companies unable or unwilling to meet post-consumer recycled content targets Solutions to increase recycled content and minimize plastic waste PLASTICS ARE PART OF THE SOLUTION Avient Corporation 37 Source: Franklin Associates / American Chemistry Council PLASTIC ALTERNATIVE PACKAGING (GLASS + ALUMINUM + PAPER) 2x More energy 3x More greenhouse gas emissions 5x More waste 6x More waterWater Waste Emissions Energy BRAND OWNER PROGRESS AGAINST COMMITMENTS 39% 29% 37% 16% 25% 11% 11% 6% 19% 7% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% Brand Owner 1 Brand Owner 2 Brand Owner 3 Brand Owner 4 Brand Owner 5 Brand Owner 6 Brand Owner 7 Brand Owner 8 Brand Owner 9 Brand Owner 10 Percent Recycled Plastic Used Progress through 2022 Gap to reach 2025 targets Source: Ellen MacArthur Foundation 2022 Avient Corporation 38 Color Management Maintaining Mechanical Properties Decontamination Mono-Material Construction Consistent Quality TOP 5 GAPS TO RECYCLE CONTENT UTILIZATION Avient Corporation 39 Avient Corporation 40 Food & Beverage Packaging 2022 Revenue: $43M Taste and Odor Management ColorMatrix™ AAnchor Scavenger • Improves recyclability • Reduces regulatory risk from migration issues 75% ACETALDEHYDE REDUCTION Recyclable Oxygen Barrier ColorMatrix™ Capture ™ Oxygen Scavenger • Protects recyclate - maintains clarity with no discoloration • Enables higher rPET content utilization rPET UTILIZATION Food & Beverage Packaging 2022 Revenue: $88M PCR Performance Additives ColorMatrix™ SmartHeat™ • Lowers energy use - CO2 Emissions • Reduces yellowing and thermal instability • Enables increased use of rPET • Minimal impact on part color 35% LOWER CARBON EMISSIONS THINNER WALLS Reduced Wall Thickness Packaging ColorMatrix™ Ultimate™UV Light Barrier Stabilizer Cesa™ Light Additives • Protects ingredients from UV degradation • Enables reduced wall thicknesses • No negative effect on recycling Increased Recycle Content ColorMatrix™ Process Aid and Toner for Recycled PET (rPET) • Improves ability to recycle PET • Enables higher percentages of recycled content • Provides superior aesthetics • Prevents degradation of physical properties ENHANCES RECYCLING Avient Corporation 41 Avient Corporation 42 Design for Recycling CycleWorks™ Center for Mechanical Recycling • Recycling trials and field testing • Solutions evaluation and screening • Customer collaboration EXPANDS PCR USAGE PCR Color Prediction Service • Enables use of lower-quality PCR • Predicts achievable colors • Increases PCR utilization rates • Helps brands to achieve PCR usage goals 85% CONSUMERS: CHOOSE BASED ON COLOR CycleWorks™ Center Milan, Italy Additives for Recycling 2022 Revenue: $50M Stabilization During Recycling Cesa™ A4R Additives for Recycling • Enables multi-loop recycling • Stabilizes recyclate during processing • Reduces discoloration, gels, and black spots 100% PCR UTILIZATION ENABLES Personal Care Packaging New Product Avient Corporation 43 Bio-Based Phone Case reSound™ OM BIO-based Thermoplastic Elastomers • Derived from non-fossil-based raw materials • Good property retention and UV resistance • Easily colorable 40% BIO-BASED CONTENT Avient Corporation 44 High PCR Content Razor reSound™ Recycled Thermoplastic Elastomers • Excellent processability • Easily colorable 62% RECYCLE CONTENT Consumer 2022 Revenue: $1M Carbon Footprint Analysis Carbon Footprint Mapping Service • Provides input metrics for independent brand carbon footprint calculations • Aligns with a defined ISO standard, certified by TUV Rhineland ENABLES CARBON AWARENESS Avient Corporation 45 Consumer 2022 Revenue: $1M Portable Power Station Nymax™ Recycled Nylon • Recycle content up to 60% • Excellent weathering performance • Reduces weight 60% RECYCLE CONTENT Swim Goggles reSound™ BIO Thermoplastic Elastomers • Easily colorable • Performs like traditional TPE 35 - 70% BIO-RENEWABLE CONTENT Avient Corporation 46 Consumer 2022 Revenue: $3M Off Road Vehicle Structural Components Nymax™ REC Reinforced Nylon • Replaces steel/aluminum • Excellent fatigue resistance INCORPORATES RECYCLE CONTENT CUSTOMER TESTIMONIALS Avient Corporation 47 “Avient’s bio-circular materials for our Biofuse 2.0 goggles are a real game changer that will set Speedo apart from the competition - and will support our aim of reducing environmental impact.”
https://www.avient.com/news/avient-showcases-new-sustainable-solutions-and-recent-compliance-certifications-itma-2023
Compared to conventional reactive dyes, ITOFIX EVO dyes can deliver shorter process cycles and lower dyeing temperatures due to faster fixation and more accurate, first-time results.
The range also allows for effective washing off at lower temperatures with shorter washing cycles.
Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
https://www.avient.com/sites/default/files/2021-05/avnt-first-quarter-2021-earnings-presentation.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: • Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; • The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; • The current and potential future impact of the COVID-19 pandemic on our business, results of operations, financial position or cash flows; • Our ability to achieve the strategic and other objectives relating to the acquisition of Clariant’s Masterbatch business, including any expected synergies; • Changes in polymer consumption growth rates and laws and regulations regarding plastics in jurisdictions where we conduct business; • Fluctuations in raw material prices, quality and supply, and in energy prices and supply; • Production outages or material costs associated with scheduled or unscheduled maintenance programs; • Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; • An inability to achieve the anticipated financial benefit from initiatives related to acquisition and integration working capital reductions, cost reductions and employee productivity goals; • Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; • Information systems failures and cyberattacks; • Our ability to consummate and successfully integrate acquisitions; • Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and • Other factors described in our Annual Report on Form 10-K for the year ended December 31, 2020 under Item 1A, “Risk Factors.”
Full conformance will be built over subsequent reporting cycles. • Published 2030 performance goals, further enhancing our position as a responsible business creating sustainable, long-term value for its stakeholders. • Scope included legacy PolyOne operations.
Clariant Masterbatch performance will be included in this year’s report. 2021 Sustainalytics ESG Risk Ranking Newsweek Most Responsible Companies 2016 2017 2018 2019 2020PF VOC Reduction Reduced Energy Use Bio-derived Content Eco-conscious Renewable Energy Applications Recyclability Reduced Material Requirements Lightweighting $275M $325M $355M $410M $560M 13 (1) Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”) (2) 2020 is Pro forma to include full year of the Clariant Masterbatch business (2) Revenue from Sustainable Solutions 2016 – 2020 (1) SUSTAINABILITY FOR A BETTER TOMORROW 14 • Revenue from sustainable solutions expected to grow 11% in 2021 as our innovation efforts and collaboration with customers continues to accelerate • Relentless focus on delivering our 2030 sustainability targets to benefit the planet and people of the world while adding value to our customers, communities, associates and shareholders • Investments centered around innovation and global sustainability megatrends o Improving Recyclability – Technologies that allow for increased use of post-consumer recycled (PCR) material o Light-weighting – Composites and CAI applications to reduce weight and material requirements, which minimize energy and carbon emissions o Eco-Conscious – Health and human safety applications as well as Avient’s alternative materials to replace lead, PVC, halogens, BPA and other less eco-friendly options o Avient CycleWorks – New innovation center dedicated to advancing recycling and the circular economy through collaboration with customers and brand owners Enable 100% of products manufactured for packaging applications to be recyclable or reusable.
https://www.avient.com/knowledge-base/article/four-ways-improve-surface-aesthetics-tpes
Adding a texture as light as 0.001” can help to hide flow marks, weld lines, and may aid in lowering the cycle time of creating a product.
When designing an overmold, allowing the steel of the second shot tool to crush into the substrate will hold the substrate in place, create a clean line between TPE and substrate, and create venting in locations where other vent methods will not work.
https://www.avient.com/knowledge-base/case-study/sealing-medical-device-savings
Starting with specific performance requirements, Avient’s formulation experts set to work developing several thermoplastic elastomer (TPE) grades that could deliver better productivity and enhanced key properties than the silicone rubber part.
The new materials also offered quick set-up and faster cycle times, resulting in higher productivity.
https://www.avient.com/company/sustainability/sustainability-report/enabling-sustainability/partnerships-alliances
The Microfibre Consortium (TMC) facilitates the development of practical solutions for the textile industry to minimize fiber fragmentation and release to the environment from textile manufacturing and product life cycle.
PetCore works with all stakeholders to ensure the sustainable growth of PET as a packaging material of choice.
https://www.avient.com/news/avient-expands-fatty-food-contact-materials-portfolio-versaflex-ffc-tpes
Compared to silicone rubber, the only other material used in these applications, Versaflex FFC is easier to process so it can simplify manufacturing and shorten cycle times, potentially reducing overall cost.
Avient employs approximately 8,700 associates and is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.