https://www.avient.com/products/polymer-colorants/liquid-color-concentrates-and-dosing/liquid-metering-system-colormatrix-flexcart
Fiber Colorants
Discover our colorant portfolio for spun-dyed polyester, polyamide, and polypropylene.
Liquid Fiber Colorants
https://www.avient.com/colormatrix-fiber-colorant-solutions
https://www.avient.com/sites/default/files/2023-03/AVNT Q2 2022 Earnings Presentation - Website Version.pdf
S EC O N D Q UART ER 2022
RE S U LTS
$122
$134
$0.87
$0.98
Q2 2022 PERFORMANCE
(TOTAL COMPANY)
4
Sales Adjusted Operating Income
$1,235
$1,302
+ 5%
Adjusted EPS
+ 10% + 13%
(in millions) (in millions)
(+ 10% excluding FX) (+ 16% excluding FX) (+ 20% excluding FX)
Q2 2022 SEGMENT PERFORMANCE
5
CAI
$624
$649
($ in millions)
SEM Distribution
$86
$94
+ 4% + 9%
$404
$443
$24
$27
+ 10% + 13%
(1)
$241 $244
$37 $37
+ 1% Flat
(+ 10% excluding FX) (+ 16% excluding FX) (+ 6% excluding FX) (+ 3% excluding FX)
Q2 2021 $1,235 $122
Sustainable Solutions 17 7% 7
Healthcare 23 14% 5
Composites (ex Outdoor High Performance) 10 20% 4
Growth in Asia / LATAM 5 3% 1
Other 69 11% 5
Sub-total $1,359 10% $144
Outdoor High Performance Impact (9) (5)
Wage Inflation and Overtime (7)
Other Supply Chain Costs (2)
Clariant Color Integration Synergies 7
Incentives, Other Employee Costs 4
FX (48) (7)
Q2 2022 $1,302 5% $134
Q2 2022 SALES AND OPERATING INCOME
(TOTAL COMPANY)
6
Sales Growth Rate
Operating
Income$ millions
EBITDA
Q2 EBITDA BRIDGE
7
Price increases more than
offsets raw material and
supply chain impacts
Q2 2021 $ 159
Demand (29)
$ millions
CAI:
Price / Mix 87
Inflation (58)
SEM:
Price / Mix 36
Inflation (24)
Distribution:
Price / Mix 45
Inflation (41)
Net Price Benefit 45
Wage Inflation and Overtime (7)
Other Supply Chain Costs (2)
Clariant Color Integration Synergies 7
Incentives, Other Employee Costs 4
FX (7)
Q2 2022 $ 170
China Lockdowns / Russia Impact $ (14)
Outdoor High Performance (5)
Transportation (5)
8
Q2 '21 Adjusted EPS 0.87$
Color, Additives and Inks 0.11
Specialty Engineered Materials 0.01
Distribution 0.03
Corporate Costs 0.01
F/X (0.05)
Segment OI 0.11$
Interest Expense 0.03
Tax Rate (0.03)
Q2 '22 Adjusted EPS 0.98$
Q2 EPS BRIDGE
Key Updates
• Provided progress on 2030 Sustainability Goals
• Emphasized commitment to U.N.
EPS (ex Amort) 3.96$ 0.13$ 4.09$ (0.58)$ 3.51$
Pro Forma Leverage (12/31/2022E)
Net Debt / Adjusted EBITDA 1.6x 3.4x 2.8x
Forecast Dyneema
Forecast +
Dyneema
Sale of
Distribution
Pro Forma
2022
TWO-YEAR LEVERAGE MODEL
16
3.5x
2.7x
1.6x
2.8x
2.4x
2.0x
2019PF 2020PF 2022E 2022PF 2023E 2024E
Dyneema® AcquisitionClariant Color Acquisition
(1) Pro forma for the acquisition of the Clariant Color business
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of
Distribution, including repayment of senior notes due 2023 and Term Loan
(1) (1) (2)
OUR SPECIALTY JOURNEY CONTINUES
17
• Dyneema® brings leading technology and brand with
the World’s Strongest Fiber™, deep history of
application development and strong
management team focused on specialty
applications
• Dyneema® transaction is aligned with our previously
stated acquisition goal of expanding our composites
and fiber capabilities
• Similar to our other technology expansion
acquisitions, Dyneema® allows us to leverage our
invest-to-grow strategy
• The possible sale of our Distribution business also
presents potential benefits with respect to leverage
and EBITDA margins
46%
66%
86%
100%
0%
40%
60%
80%
100%
2005 2010 2015 2021 2022 PF
%
o
f A
dj
u
st
ed
E
B
IT
D
A
(1
)
JVs Distribution Performance Products & Solutions Specialty
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution
(2)
Building &
43%
14%
Telecom.
2006 2022 Pro forma
Building &
Telecom.
D I S T R IBU T I O N)
18
END-MARKET FOCUS FOR
NEW INNOVATION
Semiconductors Robotics Healthcare
Interconnected disruptive markets with massive innovation needs
19
APPENDIX
Performance
Additives
Pigments
TiO2
Dyestuffs
3%Polyethylene
Nylon
6%
Polypropylene
Other Raw
Materials
30%
Styrenic Block
Copolymer
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
22
• Significant raw material price inflation and
tight inventory continued in Q2 2022,
although at a slightly lesser rate compared
to the prior quarter
o For Q2 2022, the average cost of key
hydrocarbon based materials was up 15%,
roughly the same as the average cost of non-
hydrocarbon based materials
https://www.avient.com/investor-center/investor-news/archives?page=25
Advanced Composite Materials from PolyOne Bringing Innovation and Sustainability to Transportation Industry
CLEVELAND, March 13, 2018 /PRNewswire/ -- PolyOne Corporation (NYSE: POL) today announced that its advanced composite materials are increasingl
PolyOne Drives Textile Industry Sustainability and Innovation with Fiber Colorant Technology
https://www.avient.com/news/archives?page=25
Avient Expands Long Fiber Composites Portfolio Using Recycled Content
Avient announces new long fiber reinforced composites formulated with post-industrial recycled resin content, for applications including office furnis
https://www.avient.com/news/archives?page=27
Avient Launches Long Fiber Composites Based on Nylon Reclaimed from End-of-Life Fishing Nets
Reclaimed end-of-life fishing nets avoid plastic ocean waste, and are the basis of Complēt R nylon 6 long fiber composites.
https://www.avient.com/resource-center?document_subtype=0&document_type=59&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=0&product_name=0&page=41
Advanced Composites Explained
Glasforms™ and Gordon Composites™ Carbon Fiber Reinforced Rods, Bars and Laminates for Strengthening, Stiffening and Lightweighting - Product Bulletin
Product description for Glasforms™ and Gordon Composites™ carbon fiber reinforced rods, bars and laminates, as well as the value solution, key characteristics, uses, applications and technical properties
https://www.avient.com/resource-center?document_type=59&document_subtype=0&industry=0&product_family=0&product_name=0&op=FILTER RESULTS&form_id=resource_filter_form&page=41
Advanced Composites Explained
Glasforms™ and Gordon Composites™ Carbon Fiber Reinforced Rods, Bars and Laminates for Strengthening, Stiffening and Lightweighting - Product Bulletin
Product description for Glasforms™ and Gordon Composites™ carbon fiber reinforced rods, bars and laminates, as well as the value solution, key characteristics, uses, applications and technical properties
https://www.avient.com/idea/rise-above-four-common-lightweighting-mistakes
reSound™ NF Natural Fiber Reinforced Formulations
OnForce™ LFT Long Fiber Reinforced Composites
Unlock Modular Construction Potential with Flame Retardant (FR) Composite Panels
https://www.avient.com/news/polyone-acquires-magenta-master-fibers
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PolyOne Acquires Magenta Master Fibers
Specialty acquisition broadens solutions portfolio of colorant and additives technologies for fiber applications
Global Color, Additives and Inks segment, which last month unveiled its revolutionary new ColorMatrix™ Fiber Colorant Solutions that provide late-stage color injection in fiber applications utilizing liquid solutions.