https://www.avient.com/investor-center/news/polyone-present-2016-morgan-stanley-global-chemicals-and-agriculture-conference
SOURCE
Swanson, Director, Investor Relations, PolyOne Corporation, +1 440-930-1018, eric.swanson@avient.com, Media Contact: Kyle G.
Rose, Vice President, Corporate Communications, PolyOne Corporation, +1 440-930-3162, kyle.rose@avient.com
https://www.avient.com/investor-center/news/avient-announces-quarterly-dividend-6
SOURCE
Investor Relations Contact: Giuseppe (Joe) Di Salvo, Vice President, Treasurer and Investor Relations, Avient Corporation, +1 440-930-1921, giuseppe.disalvo@avient.com; Media Contact: Kyle G.
Rose, Vice President, Marketing and Communications, Avient Corporation, +1 440-930-3162, kyle.rose@avient.com
https://www.avient.com/investor-center/news/avient-announces-quarterly-dividend-5
SOURCE
Investor Relations Contact: Giuseppe (Joe) Di Salvo, Vice President, Treasurer and Investor Relations, Avient Corporation, +1 440-930-1921, giuseppe.disalvo@avient.com or Media Contact: Kyle G.
Rose, Vice President, Corporate Communications, Avient Corporation, +1 440-930-3162, kyle.rose@avient.com
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Pro Forma Financial Information The Company acquired Avient Protective Materials (âDyneemaâ) on September 1, 2022 (the âAcquisition Dateâ) and sold the Distribution segment on November 1, 2022.
Purchase price multiple rapidly declining on strength of business and synergy capture 7 $133 $201 2019PF 2022E 7 Clariant Color EBITDA Growth Purchase Price Multiple 10.8x 7.0x 6.4x 2019PF 2021 2022E w/ Full Synergies (1) (1) 11.9% 16.3% 2019PF 2022E EBITDA Margins (1) CLARIANT COLOR: TRANSFORMATIONAL ACQUISITION ($ in millions) (1) Financial information is pro forma to include a full year of Clariant Color business SUNBELT PVC Resins DSS 20 Acquisitions $4.8B Investment $2.7B of Annual Revenue 5 Divestments $2.3B Proceeds TPE PP&S HISTORIC SPECIALIZATION THROUGH M&A 8 Distribution DSM Protective Materials BOLT-ON ACQUISITION HISTORY 9 Commercial Resources Operating Income ($ in millions) Operating Margins 259 363 At Acquisition 2022E $40 $139 At Acquisition 2022E 9% 22% At Acquisition 2022E Established Acquisitions (> 7 years) + 40% + 248% + 1300 bps I N V E S T T O G R O W SPECIALTY TRANSFORMATION T O D A Y 7% 46% 67% 86% 100% 0% 20% 40% 60% 80% 100% 2005 2010 2019 2021 2022 PF % o f A d ju st ed E B IT D A ⢠Commodity JVs ⢠Distribution ⢠Performance Products & Solutions ⢠Specialty Businesses (1) Adjusted EBITDA is EBITDA excluding corporate costs and special items (2) Pro forma for the acquisition of DyneemaŽ and divestiture of Distribution (1 ) (2) 10 Healthcare 4% Packaging 8% Consumer 10% Building & Construction 43% Industrial 15% Transportation 14% Energy 4% Telecom. 2% 2006 2022 Pro Forma Healthcare 8% Packaging 23% Consumer 21% Building & Construction 10% Industrial 15% Transportation 9% Energy 4% Telecom. 4% Defense 6% END MARKET FOCUS ON LESS CYCLICAL INDUSTRIES 11 14.8% 17.6% 21.0% 2018 2020 2022 PF 1.8% 2006 15.3% 16.2% 17.0% 2018PF 2020PF 2022E CAI 2.7% 2006 SEM SPECIALTY EBITDA MARGIN EXPANSION 12 ⢠Portfolio transformation accelerates growth in less cyclical, higher margin end markets ⢠Investments in our composites platform continue to drive margin expansion (1) (1) (1) 2018 and 2020 financial information is pro forma to include a full year of Clariant Color acquisition PORTFOLIO EVOLUTION OVER THE YEARS 13 Adj.
OPS) 16 Sales Adjusted EBITDA $818 $823 2021 2022 + 1% Adjusted EPS + 8% - 3% (in millions) (in millions) (+ 9% excluding FX) (+ 18% excluding FX) (+ 5% excluding FX) Q3 EBITDA BRIDGE (PRO FORMA TOTAL COMPANY) 17 Price increases more than offset raw material and supply chain impacts $ millions CAI: Price / Mix 68 Inflation (44) SEM: Price / Mix 41 Inflation (26) Net Price Benefit 39 Wage and Energy Inflation (14) Clariant Color Integration Synergies 6 Incentives, Other Employee Costs 14 FX (11) Q3 2022 $137 ďź ďź Adjusted EBITDA Q3 2021 $ 142 Demand (39) Q3 2022 SEGMENT PERFORMANCE 18 CAI $587 $566 Sales ($ in millions) $93 $93 EBITDA SEM Pro Forma $326 $319 Sales $70 $62 EBITDA (+ 4% excluding FX) - 4% - 2% (+ 5% excluding FX) Flat (+ 7% excluding FX) - 11% (- 7% excluding FX) $500 $585 Cont.
https://www.avient.com/sites/default/files/2023-08/Maxxam BIO Bio-Based Polyolefin Formulations Product Bulletin.pdf
Maxxam⢠BIO Bio-Based Polyolefin Formulations Maxxam⢠BIO polyolefins are formulated with bio-based polyolefin resin and/or 10â50% natural filler from renewable plant sources, including olive seed based powder and cellulose fiber.
They offer a good surface finish and, depending on filler source can offer a unique aesthetic.
KEY CHARACTERISTICS Formulated with bio-based resin and/or 10â50% filler from renewable plant sources, Maxxam BIO formulations: ⢠Reduce product carbon footprint ⢠Achieve equivalent performance to standard polyolefin formulations ⢠Provide good stiffness, durability, impact resistance and UV stability ⢠Deliver good surface finish and are easy to color ⢠Enable customized performance characteristics depending on application need ⢠Offer food contact compliance MARKETS AND APPLICATIONS Maxxam BIO formulations are suitable for use across many industries and applications where traditional polyolefin materials are used, including: ⢠Transportation Interior Applications - Decorative profiles, trunk side liners, pillars, T-cup ⢠Industrial - Structural parts, furniture ⢠Consumer - Household goods, personal care items, packaging, office supplies, food contact applications ⢠Electrical and Electronic â Housings, buttons, junction boxes SUSTAINABILITY BENEFITS ⢠Formulated with bio-based resin and/or 10â50% natural filler ⢠Utilize natural filler from renewable plant sources including olive seed based powder and cellulose fiber ⢠Offer a lower product carbon footprint compared to traditional petroleum-based feedstock ⢠Can be recycled at end of life PRODUCT BULLETIN CHARACTERISTICS UNITS Maxxam BIO MX5200-5036 Natural FD Maxxam BIO MX5200-5030 Natural FD Maxxam BIO MX5200-5030 Natural FD X1 Maxxam BIO MX5200-5001 RS HS Natural Maxxam BIO MX5200-5033 RS HS Natural Maxxam BIO MX5200-5034 RS HS Natural Maxxam BIO MX5200-5035 RS HS Natural Filler/Reinforcement Unfilled Unfilled Unfilled 30% Glass Fiber 10% Mineral 20% Mineral 30% Mineral Density (ISO 1183) g/cm 0.90 0.90 0.90 1.12 0.96 1.03 1.12 Tensile Modulus (ISO 527-1) @ 23°C MPa 1500 1000 1000 6400 1350 1650 2100 Tensile Stress (ISO 527-2) @ 23°C MPa 27.0 20.0 20.0 75.0 13.0 14.0 15.0 Tensile Strain at Break (ISO 527-2) @ 23°C % 5 50 50 3.0 50 37 18 Charpy Notched (ISO 179) kJ/m 5 20 25 10 12 10 10 CHARACTERISTICS UNITS Maxxam BIO MX5200-5023 RS HS HI Natural 70 Maxxam BIO MX5200-5025 RS HS Natural 70 Maxxam BIO MX5200-5004 RS HS Natural 70 Maxxam BIO MX5200-5003 RS Natural 70 Maxxam BIO MX5200-5009 RS HS Natural 70 Maxxam BIO MX5200-5024 RS HS Natural 70 Maxxam BIO MX5200-5022 RS HS Natural 70 Filler/Reinforcement 15% Olive Seed Based 25% Olive Seed Based 30% Olive Seed Based/ 10% Mineral 35% Olive Seed Based/ 5% Mineral 15% Olive Seed Based/ 17% Glass Fiber/ Mineral 20% Olive Seed Based/ 20% Glass/ Mineral 10% Olive Seed Based/ 20% Mineral Density (ISO 1183) g/ccm 1.00 1.15 1.10 1.07 1.09 1.25 1.10 Tensile Modulus (ISO 527-1) @ 23°C MPa 1750 2000 2700 2500 3800 3500 4100 Tensile Stress at Break (ISO 527-2) @ 23°C MPa 21.0 20.0 30.0 20.0 40.0 35.0 42.0 Tensile Strain at Break (ISO 527-2) @ 23°C % 24 5 3 5 3 4 2 Notched Izod (ISO 180) kJ/m 15 7 3 2 5 15 7 MAXXAM BIO POLYOLEFINS â BIO-BASED RESIN â TECHNICAL PERFORMANCE MAXXAM BIO POLYOLEFINS â OLIVE SEED BASED FILLER â TECHNICAL PERFORMANCE CHARACTERISTICS UNITS Maxxam BIO MX5200-5029 NF HI UV Black X1 Maxxam BIO MX5200-5032 NFS UV Natural Maxxam BIO MX5200-5020 NF/NFS UV Natural X1â Maxxam BIO MX5200-5016 NF Natural Filler/Reinforcement 10% Cellulose Fiber 20% Cellulose Fiber 30% Cellulose Fiber 40% Cellulose Fiber Density (ISO 1183) g/ccm 0.95 1.00 1.02 1.07 Tensile Modulus ISO 527-1) @ 23°C MPa 1550 1750 2640 3600 Tensile Stress at Break (ISO 527-2) @ 23°C MPa 33 30 48 55 Tensile Strain at Break (ISO 527-2) @ 23°C % 8 12 9 4 Charpy Notched Impact Strength (ISO 179/1eA) kJ/m2 5 6 5 5 Charpy Unnotched Impact Strength (ISO 179/1eU) kJ/m2 33 49 38 30 MAXXAM BIO POLYOLEFINS â CELLULOSE FIBER FILLER â TECHNICAL PERFORMANCE Copyright Š 2023, Avient Corporation.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
The term of a Free-Standing Appreciation Right may not extend more than ten years froff m the date of grant.
In reviewing competitive market data forff 2016, we drew froff m two independent sources.
The second independent source of data that we used to augment the peer proxy analysis was the Consultantâs analysis of competitive market data relating to other applicable general industries.
https://www.avient.com/news/avient-expands-production-nymax-rec-recycled-nylon-formulations-istanbul
These PA6-based Nymax REC formulations contain between 20 and 100 percent recycled content from registered sources approved by the European Union regulation for Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), such as recycled textiles.
Expanding production of these grades to Istanbul, using locally sourced recycled content, means we can offer Turkish and Middle Eastern countries these REACH-compliant solutions while helping to reduce the environmental impact of transporting these materials,â said Matt Mitchell, Director, Global Marketing of Specialty Engineered Materials at Avient.
https://www.avient.com/company/sustainability/sustainability-report/preserving-planet/water-stewardship-biodiversity
While we have collected water data from our manufacturing facilities since 2012, increased water data accuracy allows us to better understand our water sources, withdrawal rates, and discharges.
These plans will provide a roadmap for identifying sources, recycling, alternative uses, and tracking for sites where we can have the biggest impact.
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
Pro Forma Financial Information The Company acquired Avient Protective Materials (âDyneemaâ) on September 1, 2022 (the âAcquisition Dateâ) and sold the Distribution segment on November 1, 2022.
To provide comparable results, the company references âpro formaâ financial metrics, which include the business results of Avient Protective Materials for periods prior to the Acquisition Date, as if the transaction occurred on January 1, 2021 and reflect Distribution as a discontinued operation.
Three Months Ended December 31, 2023 2022 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net income (loss) from continuing operations attributable to Avient shareholders $ 27.8 $ 0.30 $ (17.0) $ (0.19) Special items, after tax (Attachment 3) 5.4 0.06 38.3 0.42 Amortization expense, after-tax 15.0 0.16 14.6 0.16 Adjusted net income / EPS $ 48.2 $ 0.52 $ 35.9 $ 0.39 (1) Per share amounts may not recalculate from figures presented herein due to rounding Year Ended December 31, 2023 2022 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83 $ 82.8 $ 0.90 Special items, after tax (Attachment 3) 79.3 0.86 116.2 1.26 Amortization expense, after-tax 61.5 0.67 49.0 0.53 Adjusted net income / EPS $ 216.6 $ 2.36 $ 248.0 $ 2.69 (1) Per share amounts may not recalculate from figures presented herein due to rounding 1 Three Months Ended December 31, Year Ended December 31, Reconciliation to EBITDA and Pro Forma Adjusted EBITDA 2023 2022 2023 2022 Sales - GAAP $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9 Pro forma APM adjustments â â â 256.1 Pro forma adjusted sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,653.0 Net income (loss) from continuing operations â GAAP $ 27.6 $ (16.6) $ 76.3 $ 83.1 Income tax (benefit) expense (7.0) (60.8) 11.0 (19.3) Interest expense 26.8 49.4 115.3 119.8 Depreciation and amortization from continuing operations 44.2 48.6 188.8 162.5 EBITDA from continuing operations $ 91.6 $ 20.6 $ 391.4 $ 346.1 Special items, before tax 22.4 104.3 114.6 194.0 Interest expense included in special items (0.1) (16.0) (2.3) (26.0) Depreciation and amortization included in special items â (1.5) (1.9) (5.5) Adjusted EBITDA $ 113.9 $ 107.4 $ 501.8 $ 508.6 APM pro forma adjustments - 8 months 2022* â â â 83.1 Pro forma adjusted EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7 Pro forma adjusted EBITDA as a percent of sales 15.8 % 13.6 % 16.0 % 16.2 % * Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
https://www.avient.com/sites/default/files/2023-01/Maxxam REC Recycled Polyolefin Formulations Product Bulletin.pdf
Maxxam⢠REC Recycled Polyolefin Formulations Maxxam⢠REC Recycled Polyolefins are formulated with 25â100% recycled resin from post-industrial recycled (PIR) and post-consumer recycled (PCR) sources.
KEY CHARACTERISTICS ⢠Formulated with 25â100% recycled resin from PIR & PCR sources ⢠Reduces waste and supports the circular economy ⢠Achieves equivalent performance to standard polyolefin formulations ⢠Can be recycled at end of life ⢠Provides good stiffness, durability, impact resistance and UV stability ⢠Enables customized performance characteristics depending on application need MARKETS AND APPLICATIONS Maxxam REC Polyolefins are suitable for use across many industries and applications where traditional polyolefin materials are used, including: ⢠Transportation - HVAC systems, engine guards, battery housings, flame retardant applications ⢠Industrial - Structural parts, furniture ⢠Consumer - Household appliances, personal care items, packaging, office supplies, food contact applications ⢠Electrical and Electronic â Housings, buttons, junction boxes SUSTAINABILITY BENEFITS ⢠Formulated with 25â100% recycled resin from PIR and/or PCR sources ⢠Reduces waste and supports the circular economy ⢠Reduces carbon footprint ⢠Can be recycled at end of life PRODUCT BULLETIN CHARACTERISTICS UNITS Maxxam REC RS5200-5029 C BLACK X2 Maxxam REC MX5200-5036 HS I BLACK Maxxam REC MX5200-5037 RS HS I BLACK Maxxam REC MX5200-5038 RS HS I BLACK Maxxam REC MX5200-5039 RS HS I BLACK Filler/ Reinforcement â Unfilled Unfilled 20% Mineral 40% Mineral 30% Glass Fiber Recycled Content â 95% PCR 97% PIR 75% PIR 55% PIR 65% PIR Density (ISO 1183) g/ccm 0.93 0.95 1.09 1.28 1.15 Tensile Modulus (ISO 527-1) MPa 1250 950 1500 2150 4250 Tensile Stress (ISO 527-2) MPa 25 175 10 15 50 Tensile Strain Break (ISO 527-2) % >20 >80 >30 17 4.5 Charpy Notched (ISO 179) kJ/m 3 8 5 4 11 TECHNICAL PERFORMANCE CHARACTERISTICS UNITS Maxxam REC RS5200-5026 RS NHFR BLACK 70 Maxxam REC FR H8 V2 BLACK RG 70 Maxxam REC L6 GF/30 H BLACK T RG 70 Maxxam REC MX5200-5027 RS HS BLACK RG Maxxam REC MX5200-5028 RS HS BLACK RG Maxxam REC C10 H-UV AS EP RG BLACK 70 Filler/ Reinforcement â 30% Glass Fiber Unfilled 30% Glass Fiber 30% Glass Fiber 40% Talcum Unfilled Recycled Content â 37% PIR 90% PIR 55% PIR 35% PIR 50% PIR 25% PIR Density (ISO 1183) g/ccm 1.42 0.950 1.13 1.15 1.23 1.03 Tensile Modulus (ISO 527-1) MPa 8250 1300 6100 6400 â 700 Tensile Stress (ISO 527-2) MPa 71.0 30.0 70.0 70.0 28.0 15.0 Notched Izod (ISO 180) kJ/m â 4.0 10 5.8 2.7 No Break Flame Rating @ 1.6mm thickness (UL 94) â V-0 V-2 HB HB HB HB TECHNICAL PERFORMANCE Copyright Š 2023, Avient Corporation.