https://www.avient.com/sites/default/files/2024-08/Avient Q2 2024 Earnings Call Presentation.pdf
FX +4.6% FX -1.5% Total Avient +3.1% Note: Regional Sales Percentages exclude impact of foreign exchange Q2 2024 SEGMENT PERFORMANCE (COLOR, ADDITIVES & INKS) $525 $542 Q2 23 Q2 24 $94 $108 Q2 23 Q2 24 19.9% Sales Adjusted EBITDA (in millions) (in millions) Sales Adjusted EBITDA 7 17.9% +200 bps * * * Adjusted EBITDA Margin % • Organic sales growth in all regions led by Americas • Raw material deflation combined with cost reduction actions drove EBITDA margin expansion + 3% (+5% excluding FX) + 15% (+17% excluding FX) Q2 2024 SEGMENT PERFORMANCE (SPECIALTY ENGINEERED MATERIALS) $301 $308 Q2 23 Q2 24 $60 $64 Q2 23 Q2 24 20.6% Sales Adjusted EBITDA (in millions) (in millions) Sales Adjusted EBITDA 8 19.8% +80 bps * * * Adjusted EBITDA Margin % • Sales growth in consumer, healthcare and building & construction end markets offset by weaker demand in telecommunications • EBITDA margin expansion driven by positive end market mix as well as raw material deflation + 2% (+4% excluding FX) + 7% (+8% excluding FX) 2024 G U IDA N CE FY 2024 GUIDANCE Previous (May 7) Current Adjusted EBITDA $510 to $535 million $515 to $540 million Adjusted EPS $2.50 to $2.65 $2.55 to $2.70 Interest Expense $105 million $105 million Adjusted Effective Tax Rate 23% to 25% 23% to 25% Capital Expenditures ~$140 million ~$140 million 10 Q3 2024: Adjusted EPS of $0.62 11 Highlights • Provides performance updates on 2030 Sustainability Goals • Reduced company’s Scope 1 & 2 GHG emissions by 48% since 2019 • Highlights ESG performance ratings, certifications, and awards, including recent upgrades by Ecovadis to Gold and CDP to A- • Reflects Great Place to Work® culture focused on health, safety and employee engagement 2023 SUSTAINABILITY REPORT 11 Sustainability for a Better Tomorrow 2023 SUSTAINABILITY REPORT 12 • Investor Day to be held December 4, 2024 in New York, NY • The focus will be to do a deep dive on the Company’s strategy • Further details to be communicated 2024 AVIENT INVESTOR DAY AP P EN D IX 15 Performance Additives 15% Pigments 13% TiO2 9% Dyestuffs 2% Polyethylene 10%Nylon 5% Polypropylene 4% Styrenic Block Copolymer 4% Other Raw Materials 38% ~40% hydrocarbon based (Grey shaded materials are hydrocarbon based, includes portion of “Other Raw Materials”) Non-hydrocarbon based materials RAW MATERIAL BASKET SEGMENT DATA U.S. & Canada 41% EMEA 36% Asia 18% Latin America 5% 2023 SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 19% Packaging 23%Industrial 16% Building and Construction 9% Telecommunications 4% Energy 5% Defense 7% END MARKET REVENUE $2,007M $358M $1,138M $224M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $502M$3,143M (1) Transportation 10% Healthcare 7% 17 (1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs 2023 REVENUE | $2 .0 B ILL ION US & Canada 34% EMEA 37% Asia 21% Latin America 8% END MARKET REGION 18 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 9% Building & Construction 10% Telecommunications 1% Energy 2% COLOR, ADDITIVES & INKS 2023 REVENUE | $1 .1 B ILL ION US & Canada 52% EMEA 35% Asia 13% 19 Packaging 5% Consumer 16% Healthcare 6%Industrial 16% Transportation 12% Telecommunications 9% Energy 10% Defense 18% Building & Construction 8% END MARKET REGION SPECIALTY ENGINEERED MATERIALS Packaging 32% Consumer 26% Healthcare 9% Industrial 13% Building & Construction 6% Telecommunications 2% Energy 2% Defense 1% Asia (18% of sales) Transportation 9% 2023 AVIENT REGIONAL SALES Packaging 25% Consumer 13% Healthcare 5% Industrial 18% Building & Construction 9% Energy 5% Defense 8% EMEA (36% of sales)Transportation 13% Packaging 13% Consumer 22% Healthcare 10% Industrial 16% Building & Construction 12% Energy 6% Defense 8% US & Canada (41% of sales) Transportation 9% Packaging 59% Consumer 22% Healthcare 2% Industrial 8% Building & Construction 4% LATAM (5% of sales) Transportation 5% Telecommunications 4% Telecommunications 4% 20 BY END MARKET 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/2020-08/colormatrix-flexcart-melt-injection-metering-system-flyer-1.pdf
PlanetPak containers are recommended for Avient liquid colors and additives.
What is the normal liquid addition rate?
See image) Avient can provide support and assistance on every aspect of liquid color and additive processing.
https://www.avient.com/sitemap
PolyOne IQ Design Team Receives Gold IDEA Award for Social Impact
Mesa™ Liquid Colorants
PolyOne IQ Design Team Receives Gold IDEA Award for Social Impact
https://www.avient.com/sites/default/files/2020-03/case-study-colormatrix-impress-rpet-bottle.pdf
Case Study - ColorMatrix Impress rPET Bottle vF PDF © 2019, All Right Reserved PolyOne Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012 BOTICÁRIO C O S M E T I C P A C K A G I N G • Cosmetic bottle packaging colorant designed to help distinguish product on the shelf • Compatible with sustainable packaging material to enable use in rPET technology • Brand-specified color • Local material development support • Achieved brighter color and more brilliant metallic effect than alternative colorants • Developed for use in 10% recycled rPET bottle • Formulated custom liquid colorant on-site and matched to brand color standard ColorMatrix™ Impress™ High Gloss Metallic Effect Colorants liquid color for bottle packaging KEY REQUIREMENTS WHY POLYONE?
All Rights Reserved. https://www.polyone.com/products/polymer-colorants/liquid-color-concentrates/impress-high-gloss-metallic-effect-colorants
https://www.avient.com/sites/default/files/2020-08/colormatrix-reprize-brochure-8.5x11.pdf
COLORMATRIX™ rePrize™ Liquid dispersion chain extender for PET monolayer, multilayer and foamed sheet ColorMatrix™ rePrize™ is a PET and PC compatible formulated liquid dispersion chain extender.
INCREASED RECYCLE CONTENT Benefits of using rePrize include: • Increased product target IV • Improved melt flow consistency • Increased recycle content • Reduced brittleness • Reduced rejects and scrap • Improved low temperature performance rePrize can be combined with other liquid additives and can be used to optimize sheet manufacturing processes and product quality, whilst allowing for increased levels of recycle, contributing towards improved sustainability and reduced costs.
FEATURE BENEFIT • Liquid technology • More accurate dose control • Less variation in melt flow and product IV • Can be coupled to an on-line rheometer • Shorter transition times • Does not require pre-drying • Less dust • Higher IV in melt phase • Improved uniformity when replacing virgin PET in PCR sheet • Eliminate/reduce solid phase polymerization (rPET) • Increased use of post consumer flake or re-grind (Sheet) • Reduced brittleness, less breakages and scrap • More consistent melt flow IMPACT • Reduced cost • Higher productivity • Cleaner working environment PROCESS HIGHLIGHTS IMPACT • Higher productivity • Reduced cost • Cleaner working environment • New product designs and applications • Improved shelf appeal PET SHEET PROCESS BENEFITS • Increases final IV • Less variation in product IV • More consistent melt flow • Increased use of flake or regrind • Shorter transition times • Reduced scrap • Reduced dust PRODUCT BENEFITS • Improved impact strength • Improved low temperature performance • Reduced brittleness • Improved aesthetics Information and photographs supplied by Sunwell Global Ltd IMPACT • Higher productivity • Reduced cost • Improved sustainability IMPACT • Lighter weight, higher strength • Reduced cost • Properties comparable to PS packaging • Recyclable PET MONO/MULTI LAYERED SHEET XPET FOAM SHEET ROUND DIE PROCESS BENEFITS • Improved melt flow consistency • Improved IV consistency • Increased recycle content • Reduced rejects and scrap PRODUCT BENEFITS • Increased product strength • Improved low temperature performance • Reduced brittleness PROCESS BENEFITS • Increase final IV • Increased use of regrind • Impossible to start up without it • Faster product changeover • Easier to cut PRODUCT BENEFITS • Increased strength • Lighter weight • Good sealing ColorMatrix™ rePrize is a PET compatible formulated liquid dispersion, designed to increase the polymer chain length via reactive extrusion.
https://www.avient.com/sites/default/files/2022-03/Trilliant HC Electrically Conductive Formulations for Pipette Tips Application Bulletin.pdf
In automated systems, pipette tips are often made of conductive polymer materials, enabling the tip to sense the liquid and accurately measure the correct amount of liquid being transferred.
This ensures accurate liquid level readings and prevent static discharge.
Excellent hydrophobic properties allow complete liquid dispensing and help prevent contamination. www.avient.com Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/2024-11/ColorMatrix Lactra LX Product Bulletin.pdf
Traditionally, UHT liquid dairy products have been packaged in laminated paperboard cartons, pouches, or multilayer high-density polyethylene (HDPE) and PET bottles.
As a result, light-induced oxidation is minimized and properties and taste are preserved, even at the lengthy ambient shelf life common with UHT liquid dairy products.
MARKETS AND APPLICATIONS Dairy packaging, including UHT liquid dairy products
https://www.avient.com/resources/safety-data-sheets?page=2759
85370MCVFF-E GOLD SHIMMER
87300MCVFF-E BRILLIANT GOLD
10910FB FASHION GOLD BASE
https://www.avient.com/resources/safety-data-sheets?page=2779
85570MCVFF ULTRA GOLD SHIMMER
86046PEN LIGHT VEGAS GOLD
86782SSVFF ALTERNATE VEGAS GOLD
https://www.avient.com/resources/safety-data-sheets?page=1298
LT PEARL GOLD
GOLD M6355
DV GOLD