https://www.avient.com/resources/safety-data-sheets?page=16
SPRITE GREEN
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=7136
PURPLE RAIN MACAW GREEN
PP FR 8-6 LMS-1000
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
CARTWRIGHT
Retired President, Bowling
Green State University
Committees: 1, 4*
RICHARD H.
Performance Products & Solutions (PP&S) also
achieved a record return on sales of 9.0%.
CARTWRIGHT
Retired President, Bowling
Green State University
Committees: 1, 4*
RICHARD H.
https://www.avient.com/knowledge-base/article/overmolding-processing?rtype[]=1164
The most commonly GLS recommended color concentrates are based on polypropylene (PP) and thermoplastic polyurethane (TPU).
Organic pigments used to produce yellow, red, blue and green colors are more likely to burnout or lighten after prolonged residence time or high regrind utilization.
Use low melt flow PP or HDPE.
https://www.avient.com/knowledge-base/article/overmolding-processing
The most commonly GLS recommended color concentrates are based on polypropylene (PP) and thermoplastic polyurethane (TPU).
Organic pigments used to produce yellow, red, blue and green colors are more likely to burnout or lighten after prolonged residence time or high regrind utilization.
Use low melt flow PP or HDPE.
https://www.avient.com/products/polymer-colorants/liquid-color-concentrates/colormatrix-optica-specialty-toners-pc
It also can prevent undesirable yellowness and greenness for PC chips.
Prevents undesirable yellowness / greenness for PC chips
https://www.avient.com/sites/default/files/2022-04/Avient Acquisition of Dyneema and Q1 2022 Results_0.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
11.9%
16.2%
2019PF 2021
EBITDA Margins
SPECIALTY TRANSFORMATION
7%
46%
66%
86%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2021 2022 PF
%
o
f A
dj
us
te
d
EB
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)
29
12%
18%
16% 15% 15% 14% 14%
28% 28%
26%
25%
22% 21% 19%
16%
12%
9% 9%
Av
ie
nt
T
od
ay
Av
ie
nt
P
F
AV
Y
PP
G
KW
FU
PM C
E
AL
B
FM
C
AS
EC
EM
XL
U
SC
BN
U
VR
Median: 21%Median: 15%
2022 EBITDA MARGINS VS.
https://www.avient.com/sites/default/files/2020-03/2020proxy.pdf
In October, we
divested our PP&S segment which consisted predominately of the legacy Geon® vinyl business for $775 million.
https://www.avient.com/sites/default/files/2021-02/avient-ir-presentation-goldman-sachs-and-morgan-stanley.pdf
With the Clariant Masterbatch
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
27
Avient reflects 2021 estimated EBITDA of $510M
OUR VALUATION VERSUS PEERS
Avient Specialty
Other
9.5
21.1
13.2 13.2
12.0 12.0
9.7
25.2
23.1
14.7
13.5 12.9
11.0 11.0 11.0 10.2
9.6 9.3 9.3 9.1 8.6 8.3
Median: 11.0xMedian: 12.6x
SUMMARY: WHY INVEST IN AVIENT?
https://www.avient.com/resources/safety-data-sheets?page=127
PP 401CS BLU 911-5
PP 401 GY 2270
PP 554CS GY 2334-2