https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-may-2021-w-non-gaap-recs.pdf
The Company does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for adjusted EBITDA, adjusted earnings per share, adjusted operating income and free cash flow, to the most
comparable GAAP financial measures on a forward-looking basis because the Company is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without
unreasonable effort.
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
L
B
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%
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 $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
e
n
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.
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/bergadur-polyester-formulations
Available with glass, mineral- and mixed-filler options, Bergadur PBT can also be provided in UL listed flame retardant versions and impact-modified grades.
Safety Data Sheets
Technical Data Sheets
https://www.avient.com/products/polymer-additives/visual-enhancement-effects/cesa-mat-additives
Safety Data Sheets
Technical Data Sheets
Browse our library of product data sheets containing technical descriptions and details.
https://www.avient.com/products/polymer-additives/additive-dispersions/silcosperse-tc-thermally-conductive-dispersions
Specialty formulations available that are thermally conductive and self-bonding
Safety Data Sheets
Technical Data Sheets
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.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;
• Changes in 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;
• Our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials (APM);
• An inability to raise or sustain prices for products or services;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• 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 affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation and any recessionary conditions
Use of Non-GAAP Measures
This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA, Adjusted Earnings Per Share and Free Cash Flow to the most comparable GAAP financial measures on a forward-looking
basis because Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort.
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
2023E(%)
37
79
89
83 81
76
73
90
82
77 76 74
70
58
22
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
A
V
Y
R
P
M
F
M
C
C
E
H
X
L
A
S
H
E
C
L
H
U
N
E
M
N
S
C
L
M U LT I P L E E X PA N S I O N
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of May 31, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $36.50.
https://www.avient.com/sites/default/files/2021-07/mevopur-needle-hub-1-page-case-study.pdf
NEEDLE HUB
MANUFACTURER
N E E D L E H U B C O L O R S
• RAL and Pantone® colors available in palette to align with
ISO 6009 color standard
• Opaque and transparent polypropylene selections
available in both masterbatch and ready-to-use precolors
• Raw materials pre-tested to ISO 10993 and USP Class VI
medical device guidelines
• Certified formulations available globally
• Provided RAL and Pantone colors as
required
• Developed custom polypropylene
formulations to meet specific opacities
• Offered pre-tested raw materials and
produced in an ISO 13485 certified site,
minimizing risk across the value chain
• Provided global formulations transferrable
from our three ISO 13485 certified facilities
Mevopur™ Healthcare Colors
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
COLOR + CERTIFICATION
LEARN MORE
© 2021, Avient Corporation, All Rights Reserved
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/mevopur-custom-colors-and-formulations
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-english.pdf
The
Robinson-Patman Act also requires that promotional
allowances and services be proportionally available
to competing customers.
subject=
http://avient.ethicspoint.com
http://www.Avient.com/company/policies-and-governance/ethics-hotline
http://www.Avient.com/company/policies-and-governance/ethics-hotline
1.
✓ Document the source and date of receipt of all competitors’ price lists and other competitive data contained in
your files
https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
We began making our proxy materials
available to stockholders on March 29, 2022.
The second independent source of data that we used to augment the peer proxy analysis was the
Consultantʼs analysis of competitive market data relating to other applicable general industries.
The CEO makes his recommendations in conjunction with the marketplace
data.
https://www.avient.com/company/sustainability/sustainability-report/products/product-stewardship-global-chemical-management-product-excellence/product-stewardship-and-product-safety
Through this data, we create safety data sheets (SDS), customer certification statements for appropriate use and recommend product safety improvements
Many other countries are following suit on the EU REACH chemicals regulation and implementing similar inventory and data requirements.
These summaries are available throughout the value chain from our associates to transporters to customers.
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/strength-members
Plastic, wood, or metal reels are also available.
Sizes available from 0.175 mm to 30.00mm
Safety Data Sheets