https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Press Release.pdf
Patterson added.
Beggs added, “Last month, we also increased our dividend for the thirteenth consecutive year.
https://www.avient.com/sites/default/files/2022-08/AVNT Aug 2022 Presentation - Jefferies.pdf
Global Compact & fulfilled Communication of Progress (COP) requirements • New Sustainability Strategy overview page including our 2022 AIP ESG metrics • New ESG Performance page with ESG ratings, awards, and certifications • Increased disclosures on carbon emissions, including disclosure of Climate Change Scenario Analysis • Added new Product Stewardship and Chemical Management policies • Enhanced data reporting for Workforce Demographics • Improved social disclosures on human rights, dependent care and special leave and strategic training management 2021 SUSTAINABILITY REPORT Launching integrated sustainability website in parallel with report Aligned with leading reporting frameworks 13 ESG PERFORMANCE & AWARDS 14 16th ENVIRONMENTAL SOCIAL GOVERNANCE 2 1 3 (as of 6/30/22) 2022 O U T LO O K $429 $490 2021 2022E $3.05 $3.50 2021 2022E FY 2022 GUIDANCE (TOTAL COMPANY: CURRENT PORTFOLIO) 16 Sales Adjusted Operating Income $4,819 $5,100 2021 2022E + 6% Adjusted EPS + 14% + 15% (in millions) (in millions) (+ 9% excluding FX) (+ 18% excluding FX) (+ 20% excluding FX) 17 CASH FLOW / LEVERAGE ($ millions) 2022E Cash Flow from Operating Activities 400$ Less: Run-Rate CapEx (90) CapEx for Clariant Integration (10) CapEx for IT System Upgrade (15) Total CapEx (115) Free Cash Flow 285$ Adjusted EBITDA 635$ Net Debt / Adjusted EBITDA 1.6x 18 DYNEEMA / DISTRIBUTION UPDATES • Strong performance so far in 2022 in-line with our modeling • Acquisition to be finalized as early as September 1, pending standard regulatory process and closing conditions • Encouraging interest thus far from potential buyers for world-class business with a strong track record • Second round bids due in August DISTRIBUTION 19 PRO FORMA MODELING UPDATE 2022E ($M) Revenue 5,100$ 415$ 5,515$ (1,635)$ 3,880$ Adjusted EBITDA 635 130 765 (109) 656 EBITDA % 12% 31% 14% 7% 17% Adj.
Annual Purchases RAW MATERIAL AND SUPPLY CHAIN UPDATE Based on 2021 purchases, excludes Distribution business DYN E E MA ACQ U I S I T I O N 32 15x stronger than steel Reduces weight by 30% vs. other solutions Well-maintained global asset base poised to serve growing demand • Purchase price of $1.48B represents 11.4x multiple of 2022 EBITDA • Acquisition will expand Avient’s composites and fiber portfolio with Dyneema®, the World’s Strongest Fiber™ • $415M sales and 30%+ EBITDA margins; Immediately accretive to pro forma 2022 EPS, adding $0.35 • 1,300 patents globally, ~50% of sales patent protected • 1,000+ employees across global production network and dedicated technology centers • Composites platform will increase from $261M to $680M in revenue and from $49M to $180M in EBITDA Indicates Dyneema® location $175M (42%) $65M (16%) $175M (42%) 2022E Sales By Region ($M) (1) $0.35 EPS excludes intangible amortization (2) Based on 2022 expected results (1) (2) (2) FIT WITH FOUR PILLAR STRATEGY 33 Specialization • Innovation-led organization with tremendous intellectual property value in trademarks, patents and “know-how” • Deep history of application development and premium, leading brand with the World’s Strongest FiberTM Globalization • Global customer base with an established presence across all major geographic regions • Global technology centers complement existing Composites applications and expertise Operational Excellence • Best-in-class safety performance • Well-run and maintained asset base fit to serve future growth • Highly effective and reliable supply chain with emphasis on optimizing service to customers Commercial Excellence • Deep customer relationships extend across the value chain and drive ability to grow • Offer a full suite of services with an active role in design, development and commercialization People Experienced and talented associates with a passion for safety, specialization and winning DYNEEMA® OVERVIEW K E Y I N D U S T R I E S PERSONAL PROTECTION Military • Law Enforcement • First Responders Body Armor • Helmets • Vehicle Protection $215M MARINE & SUSTAINABLE INFRASTRUCTURE Towing / Mooring • Aquaculture • Floating Wind • Offshore Cranes $130M CONSUMER Consumer • Outdoor High Performance • Safety Equipment $70M 34 Figures reflect 2022 expected sales MIFOverview Competition Valuechain & Go-to-market Strategy Innovation Financials TECHNOLOGY 35 1,200 1,300 2,500 Avient Dyneema Combined Patents • True specialty business – the World’s Strongest Fiber™ • Deep history of application development with customers, strongest in the industry • The only UHMwPE (ultra-high molecular weight polyethylene) fiber producer that is backward integrated o Provides innovation advantage through control of all steps of the process • Complementary with our existing reinforced film expertise (PolyStrand) and engineered fiber presences (Fiber-Line) WINNING PROPERTIES Ultra high strength vs. weight Highly flexible Floats on water Chemically inert; no smell/taste and non-toxic High resistance to UV radiation Self-lubricating, with low friction One-of-a-kind technology ® FORMULATION PROCESS 36 • Like Avient, Dyneema® offers similar core competencies around formulation and material science • Technology that combines polymers and fibers to provide specialized, high performing solutions for customers • Design capabilities ensure that applications are highly customized for the specified end use DYNEEMA® IN THE VALUE CHAIN 37 UHMwPE Fiber / Tapes Military Personnel, Law Enforcement Heavy Marine, Offshore Wind Energy and Mooring, Aquaculture Outdoor, Footwear, Apparel, Inflatables • Material Science • Formulation • Service INTERMEDIATE MANUFACTURING (CUSTOMERS) OEM / APPLICATION DEMAND TRENDS 38 • Military spending and near-term demand for higher performing personal protection products (like Dyneema®) expected to increase o European NATO members annual defense spend expected to increase by up to 20%(1) o Japan aiming to almost double defense spending over the next 5 years(2) o Accelerated launch of next generation technology in North America • Policy-driven demand for sustainable energy; growth in floating offshore wind farms which require advanced, durable technology o Offshore wind expected to grow at a CAGR of 32% with the level of annual installations quadrupling over the next five years(3) • Continued investment in aquaculture as a sustainable food source(4) • Strong demand in outdoor high performance space across niche consumer applications aligns with 10% growth assumption for Avient’s Composites portfolio Sources: (1) “Funding NATO”, NATO.int (April 1, 2022) (2) “Japan Ruling Party Calls for Defense Spending Boost to 2% of GDP”, WSJ (April 21, 2022) (3) “Global Wind Report 2021”, Global Wind Energy Council (4) “Aquaculture Supports a Sustainable Earth”, NOAA Fisheries 39 A L I G N M E N T W I T H S U S T A I N A B I L I T Y G O A L S PRODUCTS AVIENT’S EXISTING COMPOSITES PORTFOLIO D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G M A N U F A C T U R E R S A N D O E M S LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers 40 AVIENT’S COMPOSITES PORTFOLIO SALES AND EBITDA 41 $74 $84 $216 $212 $261 $5 $10 $32 $41 $49 $180 0 50 100 150 200 $- $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 $600 $650 $700 $750 2017 2018 2019 2020 2021 2022E $680 ($ in millions) • Dyneema® acquisition will further improve Composites EBITDA margins to 26% • Dyneema® will complement our existing portfolio with deep formulation expertise, innovative culture and global commercial presence • Composites will continue to be a key growth driver to deliver future revenue growth in excess of GDP (1) Pro forma for the acquisition of Dyneema® (1) SEGMENT DATA U.S. & Canada 50% EMEA 25% Asia 16% Latin America 9% 2021 SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 23% Packaging 19% Industrial 16% Building and Construction 10% Telecommunications 4% Energy 2% END MARKET REVENUE (1) Total company sales and adjusted EBITDA of $4,819M and $581M, respectively, include intercompany sales eliminations and corporate costs $2,402M $409M $919M $164M $1,631M $94M Sales EBITDA Distribution Specialty Engineered Materials Color Additives and Inks $581M$4,819M (1) Transportation 11% Healthcare 15% 43 Packaging 34% Consumer 21% Healthcare 8% Industrial 16% Building & Construction 10% Transportation 9% Energy 1% Telecommunications 1% C O L O R , A D D I T I V E S & I N K S 2021 REVENUE | $2 .4 BILLION US & Canada 32% EMEA 40% Asia 21% Latin America 7% END MARKET REGION 44 All charts reflect 2021 financials S P E C I A LT Y E N G I N E E R E D M AT E R I A L S Consumer 27% Healthcare 10% Packaging 7% Telecommunications 16% Transportation 11% Industrial 11% Building & Construction 11% Energy 7% 2021 REVENUE | $919 MILLION END MARKET US & Canada 55% EMEA 25% Asia 20% REGION 45 All charts reflect 2021 financials D I S T R I BU T I O N Healthcare 26% Consumer 23% Packaging 5% Industrial 20% Transportation 16% Building and Construction 8% Energy 1% Telecommunications 1% US & Canada 80% Asia 3% Latin America 17% END MARKET REGION K EY SU PPL IER S 2021 REVENUE | $1 .6 BILLION 46 All charts reflect 2021 financials TOTA L C O M PA N Y R E G I O N A L S A L E S BY END MARKET Packaging 30% Consumer 26%Healthcare 13% Industrial 14% Building & Construction 5% Telecommunications 2% Energy 2% Asia (16% of sales) Transportation 8% Packaging 32% Consumer 13% Healthcare 5% Industrial 17% Building & Construction 12% Telecommunications 5% Energy 4% EMEA (25% of sales) Transportation 12% 47 Consumer 25% Healthcare 19% Packaging 10% Industrial 17% Building & Construction 10% Telecommunications 4% Energy 2% US & Canada (50% of sales) Transportation 13% Packaging 38% Consumer 33% Healthcare 8% Industrial 10% Building & Construction 5% Telecommunications 1% LATAM (9% of sales) Transportation 5% All charts reflect 2021 financials 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/sites/default/files/2021-04/avnt-fourth-quarter-2020-news-release.pdf
Patterson added, “Our Color, Additives and Inks segment also delivered record operating income of $58 million during the fourth quarter.
Patterson added, “We will provide more details on our upcoming webcast, but our headline projection for 2021 is that we expect revenue growth of approximately 8% pro forma will drive adjusted EPS expansion from $1.93 to $2.40 - an increase of 24%.”
https://www.avient.com/sites/default/files/2021-07/avnt-q2-2021-earnings-release.pdf
Patterson added, “For the full year 2021, we are also increasing estimates and now expect revenues of approximately $4.6 to $4.7 billion and adjusted EPS of $3.00, a 55% increase over the prior year."
For an advance look at our sustainability initiatives, please review our most recent sustainability report, which will soon be available on our website,” added Ms.
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
We delivered record results this year against a backdrop of unprecedented challenges including the ongoing pandemic, substantial raw material inflation, supply chain disruptions and labor shortages,” added Mr.
Beggs added, “Our headline projections for the upcoming year are sales of approximately $5.1 billion and adjusted EPS of $3.50.
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Press Release_0.pdf
Khandpur added, "From a regional standpoint, the Americas continues to be the most resilient, delivering year over year sales growth in the first quarter.
We are focused on driving profitable, organic, top-line growth while expanding margins," added Dr.
https://www.avient.com/sites/default/files/2024-08/AVNT Second Quarter Earnings Press Release.pdf
Khandpur added, "On a geographic basis, all regions delivered year-over-year organic sales growth.
I'm pleased with how we have delivered during the first half of the year," added Dr.
https://www.avient.com/sites/default/files/2020-08/colormatrix-flexcart-overview-2020.pdf
The combined system offers added value to processing through: • Modular, compact and customizable • PlanetPak sustainable packaging • Continuous & discontinuous operation • Typically 99%+ recovery of additive/color • Comprehensive control functionality OPTIONS AVAILABLE A range of base units are available for different applications, which can be combined with a full range of options for controllers and pumping.
https://www.avient.com/sites/default/files/2024-11/Color and Additive W_C Product Selection Guide_Web.pdf
ONCOLOR™ COLOR CONCENTRATES • Complete range of in-stock color solutions designed specifically for telecommunications, energy, and automotive applications - Complete Munsell color range for telecommunications applications - Complete NEMA color range for electrical applications - J1128 SAE specifications for automotive applications - UL 2885 file E482856 for halogen-free formulations • Custom color solutions for your most demanding low smoke, non-halogenated, UV, temperature, aging, and shrinkage requirements • Weatherable pigments providing color fade resistance for demanding outdoor applications • Optimized formulations for cross-linked polyethylene wire and cable constructions CESA™ PERFORMANCE ADDITIVE CONCENTRATES Custom designed additive solutions for your specific applications, providing added value through ease of processing, product performance, and operational cost savings • Laser marking - improve marking reliability and durability in all types of cable jacketing and insulating materials • Antimicrobial - help protect cables from harmful mold and bacteria growth • Nucleating agents - maintain critical dimensions and manage shrink characteristics • Chemical foaming agents - take out weight and reduce resin costs • UV stabilizers - protect resin material and extend product life • Antioxidants - maintain physical properties • Processing aids - minimize die drool associated with some materials COLORANT CHROMATICS™ HIGH- TEMPERATURE POLYMER SOLUTIONS • Fluoropolymer and high-temperature thermoplastics-based colorant and additive concentrates and compounds • Dispersed pigments for coloring PTFE • Functional additives including laser marking, foaming agents, and conductive, antistatic, radiopaque, reinforced, and cross-linked grades • Full range of printing, striping, and marking inks PRODUCT CODE LET DOWN RATIO COLOR (Munsell) CC10225921 1.00% Black CC00012573 1.00% White CC10222359 1.00% Red CC10223395 1.00% Gray CC10222361 1.00% Green CC00012376 1.00% Blue CC10222363 1.00% Orange CC10222360 1.00% Yellow CC10223394 1.00% Brown CC00012516 1.00% Purple CC10062368 1.00% Aqua CC10223396 1.00% Pink PV C PRODUCT CODE LET DOWN RATIO COLOR (Munsell) CC00000001 1.00% Black CC00012837 1.00% White CC10225296 1.00% Red CC10225298 1.00% Gray CC10225300 1.00% Green CC10225295 1.00% Blue CC10225297 1.00% Orange CC10225299 1.00% Yellow CC10225301 1.00% Brown CC10225603 1.00% Purple CC10225293 1.00% Aqua CC10225294 1.00% Pink PE ONCOLOR™ SOLUTIONS FOR TELECOMMUNICATIONS • PVC colorants designed for telecommunications and fiber optic applications • PE colorants that are excellent for foam skin and solid insulation applications • EVA colorants designed for cross-linked materials and resin applications including XLPE, XLPO, PVC, PE, and more PRODUCT CODE LET DOWN RATIO COLOR (Munsell) CC00012853 1.00% Black CC00012946 1.00% White CC10221766 1.00% Red CC10221760 1.00% Gray CC10221765 1.00% Dk Green CC10221764 1.00% Lt Green CC10221757 1.00% Dk Blue CC10221761 1.00% Lt Blue CC10221767 1.00% Orange CC10221763 1.00% Yellow CC10221758 1.00% Brown CC10221762 1.00% Purple CC10224626 1.00% Tan CC10221759 1.00% Pink EV A PRODUCT CODE LET DOWN RATIO COLOR (Munsell) CC10190635 3.00% Black CC10190642 3.00% White CC10190641 3.00% Red CC10190637 3.00% Gray CC10190638 3.00% Green CC10185195 3.00% Blue CC10185197 3.00% Orange CC10190643 3.00% Yellow CC10190636 3.00% Brown CC10190640 3.00% Purple CC10190634 3.00% Aqua CC10190639 3.00% Pink PB T PRODUCT CODE LET DOWN RATIO COLOR (Munsell) CC10246438WE 2.00% Aqua CC10245005WE 2.00% Black CC10246090WE 2.00% Blue CC10264438DR 2.00% Brown CC10245008WE 2.00% Gray CC10246092WE 2.00% Green CC10264439DR 3.00% Orange CC10261866DR 2.00% Pink CC10261867DR 2.00% Purple CC10264436DR 2.00% Red CC10245006WE 2.00% White CC10246093WE 2.00% Yellow U L 28 85 ONCOLOR™ SOLUTIONS FOR ENERGY CABLE APPLICATIONS • Recommended use rate may vary depending on specific application, process, equipment, and resin grade PRODUCT CODE LET DOWN RATIO COLOR (NEMA) CC00012342 1.00% Black CC00012575 1.00% White CC00012547 1.00% Red CC10018221 1.00% Gray CC00012444 1.00% Dk Green CC10018222 1.00% Lt Green CC00012408 1.00% Dk Blue CC00012407 1.00% Lt Blue CC10013140 1.00% Orange CC00036502 1.00% Yellow CC00012363 1.00% Dk Brown CC00012373 1.00% Lt Brown CC00012526 1.00% Purple CC10018225 1.00% Tan PV C PRODUCT CODE LET DOWN RATIO COLOR (NEMA) AB13820380 3.00% Yellow AB24820333 3.00% Orange AB32820571 3.00% Pink AB33820570 3.00% Red AB44820167 3.00% Purple AB54820507 3.00% Dark Blue AB63820502 3.00% Dark Green AB72820811 3.00% Gray AB84820533 3.00% Brown AB94820333 3.00% Black CC00016954 1.00% White N YL O N ONCOLOR™ SOLUTIONS FOR AUTOMOTIVE APPLICATIONS • EVA colorants designed for use with cross-linked materials such as XLPE • Recommended use rate is 1.00% and may vary depending on specific application, process, equipment, and resin grade PRODUCT CODE LET DOWN RATIO COLOR CC00012853 1.00% Black CC00012946 1.00% White CC10221766 1.00% Red CC10221760 1.00% Gray CC10221765 1.00% Dk Green CC10221764 1.00% Lt Green CC10221757 1.00% Dk Blue CC10221761 1.00% Lt Blue CC10221767 1.00% Orange CC10221763 1.00% Yellow CC10221758 1.00% Brown CC10221762 1.00% Purple CC10224626 1.00% Tan CC10221759 1.00% Pink EV A, J 11 28 PRODUCT CODE LET DOWN RATIO COLOR CC00012342 1.00% Black CC00012575 1.00% White CC00012535 1.00% Red CC00012461 1.00% Gray CC00012425 1.00% Dk Green CC00012426 1.00% Lt Green CC00012379 1.00% Dk Blue CC00012378 1.00% Lt Blue CC00012490 1.00% Orange CC00012585 1.00% Yellow CC00012363 1.00% Brown CC00012525 1.00% Purple CC00012561 1.00% Tan CC00012507 1.00% Pink PV C, J 11 28 A RANGE OF WORLD-CLASS SERVICES With manufacturing facilities and innovation centers across the globe, we work with you to understand your goals and provide the expertise you need for your wire and cable applications.
https://www.avient.com/sites/default/files/2020-08/specialty-dispersions-overview.pdf
COLORANT DISPERSIONS RUBBER COLORANT DISPERSIONS Stan-Tone™ MB/MC & EP Stan-Tone™ MB/MC & EP are pigment dispersions for rubber systems, available in customizable binder systems suited for nitrile, EPR, EPDM, SBR, natural rubber, CPE and EVA compounds Applications: industrial goods, auto mats, rubber flooring, sponge rubber, wire and cable URETHANE COLORANT DISPERSIONS Polyester Urethane Paste Colorants: Stan-Tone™ PEP Stan-Tone™ PEP colorants are reactive and compatible with polyester systems, reacting to become part of the final cured product Applications: cast urethane wheels, industrial rollers, rigid foams, adhesives, laminates, pultrusion, glass reinforced composites, coated fabrics Polyether Urethane Paste Colorants: Stan-Tone™ ET Stan-Tone™ ET colorants for urethane are compatible with polyether systems, reacting to become part of the final cured product Applications: flexible foam, cast-able rolls and wheels, adhesives and laminates EPOXY COLORANT DISPERSIONS Stan-Tone™ EPX Stan-Tone™ EPX consists of selected pigments dispersed in a Bisphenol A undiluted epoxy resin with an epoxide equivalent of 185 Applications: protective coatings, adhesives, epoxy flooring, electrical potting and laminates VINYL COLORANT DISPERSIONS Stan-Tone™ VC & VCP Stan-Tone™ VC and VCP are products based on single pigment or multi-pigment blends and are designed for applications in which dispersion, uniformity, compatibility and cleanliness are essential Applications: profile extrusions, decking, outdoor furniture, calendaring applications Plasticizer-Based Colorants for Vinyl Paste: Stan-Tone™ HCC Stan-Tone™ HCC dispersions consist of selected pigments dispersed in diisodecyl phthalate plasticizer (DIDP) and are designed for applications in which dispersion, uniformity, compatibility and cleanliness are essential Applications: coated fabric, vinyl sealants, adhesives, wall coverings, toys and sporting goods SILICONE COLORANT DISPERSIONS Liquid Silicone Colorants: Silcopas™ Stan-Tone™ SP or FSP (FDA-compliant) Silcotec™ SL Stan-Tone™ HC Plus LSR (class VI certified) Silicone paste colorants are single pigment or custom- made dispersions using a silicone carrier specially developed for liquid silicone rubber (LSR) injection molding applications Applications: infant care, toys, seals, gaskets and medical equipment High Consistency Silicone Rubber Colorants: Silcogum™ Silcotec™ S Stan-Tone™ SMB Stan-Tone™ HC Plus HCR (class VI certified) Silicone rubber colorants are made with a silicone elastomer gum binder resulting in cuttable masterbatches or slabs for ease of handling, especially for 2-roll, open-mill mixing Applications: mechanical seals, keypads, gaskets, wire and cable jacketing Room Temperature Vulcanization Colorants: Silcopas™ RTV and Stan-Tone™ SP Silcopas™ RTV and Stan-Tone™ SP colorants offer a standard line of single pigment or custom made dispersions using a low viscosity dimethyl fluid specially developed for room temperature vulcanization (RTV) rubber Applications: caulks, sealants, adhesives WATER-BASED COLORANT DISPERSIONS Water-Based Liquid Colorants: Stan-Tone™ WDN Stan-Tone™ WDN water dispersions are high-solids organic or inorganic pigment dispersions designed to help meet standards for dispersion including pH levels and strength and shade Applications: dipped latex balloons and gloves, coatings and adhesive systems ADDITIVE DISPERSIONS AQUEOUS ADDITIVE DISPERSIONS Aquamix™ Aquamix™ chemical dispersions are a full line of dispersed and emulsified curatives, antioxidants, fillers, vulcanizers, optical brighteners, flame retardants, UV stabilizers and tackifiers Applications: adhesives and latex compounding, curatives SILICONE ADDITIVE DISPERSIONS Electrically Conductive Additives for Silicone: Silcosperse™ EC Silcosperse™ EC electrically conductive additives provide high conductivity and lower filler loadings Applications: resistors, printable electronics, flexible electronics, insulator depolarizers Laser Marking Additives for Silicone: Silcosperse™ LM Silcosperse™ LM laser marking additives are dispersions that contain laser absorbers and color formers that eliminate the need for secondary etching Applications: medical device housings, electronic device housings, wire and cable jacketing Peroxide Additives for Silicone: Silcocat™ Silcocat™ dispersions can improve silicone molding process by stabilizing silicone peroxide compound levels Applications: automotive hoses, seals, gaskets Heat Stabilizer Additives for Silicone: Silcosperse™ The Silcosperse™ family of heat stabilizing additives provide a high quality dispersion into silicone designed to enhance heat resistance of silicone compounds Mold Release Additives for Silicone: Silcosperse™ IMR Silcosperse™ IMR is an internal mold release dispersion designed to be added to the silicone or fluorosilicone compound to facilitate the de-molding of finished parts Acid Acceptor Additives for Silicone: Silcosperse™ 180 Silcosperse™ 180 acid acceptor is a premium dispersion used to neutralize acid by-products generated by certain peroxides Viscosity Modifiers for Silicone: Silcosperse™ 237 Silcosperse™ 237 modifier dispersions are designed to raise or control the viscosity without changing solid content SPECIALTY PRODUCTS DRY POWDER COLORANTS Stan-Tone™ D and Stan-Tone™ DC Stan-Tone™ D and Stan-Tone™ DC are dry powder pigments available in a range of hues and chemical types WET OR DRY BLEND COLORANTS Stan-Tone™ DB Stan-Tone™ DB dry blend colorants provide enhanced performance over dry colors, resulting in uniform critical pigment weight ratios for improved color control SELF-BONDING SILICONE Silcotec™ SCB Silcotec™ SCB self-bonding silicone solutions allow silicone to bond to various substrates without prime coating To learn more about our colorant & additive dispersions, please contact us at +1.844.4AVIENT (1.844.428.4368) or visit www.avient.com.