https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-news-release.pdf
AVNT-2021.09.30-News Release 1 NEWS RELEASE FOR IMMEDIATE RELEASE Avient Announces Record Third Quarter 2021 Results • Sales increased 32% to $1.2 billion and GAAP EPS from continuing operations increased to $0.57 from $0.02 in the prior year quarter • Adjusted EPS increased 52% to $0.70 driven by record third quarter operating income in all segments • Increased dividend 12% to $0.95, on an annualized basis, representing the eleventh consecutive annual increase • Expected to continue pursuing sustainable solutions acquisitions and resume opportunistic share repurchases with net debt to adjusted EBITDA leverage projected at 2.1x by year end CLEVELAND – October 28, 2021 – Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, today reported its third quarter results for 2021.
The company noted customer demand for its products continues to be robust across all end markets and regions, as revenue increased 32% to $1.2 billion in the third quarter and adjusted EPS increased 52% to $0.70.
https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.pdf
& Canada 40% EMEA 37% Asia 18% Latin America 5% 2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 20% Packaging 24% Industrial 15% Building and Construction 10% Telecommunications 4% Energy 4% Defense 6% END MARKET REVENUE $2,355M $402M $1,300M $272M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $592M$3,653M (1) Transportation 9% Healthcare 8% 30 (1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs 2022 REVENUE | $2 .4 B ILL ION US & Canada 34% EMEA 38% Asia 20% Latin America 8% END MARKET REGION 31 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 8% Building & Construction 11% Telecommunications 1% Energy 2% COLOR, ADDITIVES & INKS 2022 PRO FORMA REVENUE | $1 .3 B ILL ION US & Canada 52% EMEA 35% Asia 13% 32 Packaging 5% Consumer 19% Healthcare 8%Industrial 16% Transportation 10% Telecommunications 10% Energy 9% Defense 15% Building & Construction 8% END MARKET REGION SPECIALTY ENGINEERED MATERIALS Packaging 32% Consumer 27% Healthcare 8% Industrial 14% Building & Construction 5% Telecommunications 3% Energy 1% Defense 1% Asia (18% of sales) Transportation 9% 2022 PROFORMA AVIENT REGIONAL SALES Packaging 27% Consumer 14% Healthcare 5% Industrial 17% Building & Construction 10% Energy 5% Defense 8% EMEA (37% of sales)Transportation 11% Packaging 13% Consumer 24% Healthcare 12% Industrial 15% Building & Construction 13% Energy 5% Defense 5% US & Canada (40% of sales) Transportation 7% Packaging 56% Consumer 23% Healthcare 4% Industrial 7% Building & Construction 4% Telecommunications 1% LATAM (5% of sales) Transportation 5% Telecommunications 3% Telecommunications 6% 33 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/resources/POL%2520IR%2520Presentation%2520-%2520RW%2520Baird%2520Conference%2520w%2520non-GAAP.pdf
S&P 500 -150% -50% 50% 150% 250% 350% 450% 550% POL S&P 500 All time high of $43.34 July 1st, 2014 PolyOne Corporation Page 9 2006 2014 YTD 2015 “Where we were” “Where we are” Target 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 14.9% 12 – 16% Global Specialty Engineered Materials 1.1% 12.1% 12 – 16% Designed Structures & Solutions -- 7.6% 8 – 10% Performance Products & Solutions 5.5% 8.1% 9 – 12% Distribution 2.6% 6.2% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 65% 65 – 75% 3) ROIC* 5.0% 10.6% 15% 4) Adjusted EPS Growth N/A 37% Double Digit Expansion Proof of Performance & 2015 Goals *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period PolyOne Corporation Page 10 32% Adjusted EPS CAGR from 2011 2015 EPS: $2.50 2011 EPS: $0.82 Continued Gross Margin Expansion Mergers & Acquisitions Spartech Accretion Incremental Share Buybacks Ongoing LSS Programs (50-100 bps/yr) Accelerated Innovation & Mix Improvement Several Levers to Drive Growth Mid Single Digit Revenue Growth PolyOne Corporation Page 11 Innovation Drives Earnings Growth *Percentage of Specialty Platform revenue from products introduced in last five years $20 $53 2006 2013 Research & Development Spending ($ millions) Specialty Platform Vitality Index Progression* 14% 31% 2006 2013 Specialty Platform Gross Margin % 20% 43% 2006 2013 Specialty Vitality Index Target ≥ 35% Vitality Products + 700 to 1000 bps PolyOne Corporation Page 12 Prototype Frame Opportunity Scale-up & Test Market Build Business Case Commercial Launch Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 4 11 5 10 6 9 3 4 2 15 9 1 10 4 Breakthrough Platform Derivative A Rich Pipeline of Opportunity Number of Projects 25 14 19 17 18 93 Addressable Market ($ millions) TBD TBD $800 $450 $450 $1,700 PolyOne Corporation Page 13 Megatrends Aligned with Key End Markets Decreasing Dependence on Fossil Fuels Protecting the Environment Improving Health and Wellness Megatrend End Markets Globalizing and Localizing Health & Wellness Transportation Packaging Consumer PolyOne Corporation Page 14 60% 100% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 2014 Pension Funding** As of September 30, 2014 Debt Maturities & Pension Funding – 9/30/14 Net Debt / EBITDA* = 1.7x $48 $317 $600 $0 $100 $200 $300 $400 $500 $600 $700 $800 2015 2020 2023 Debt Maturities As of September 30, 2014 ($ millions) Coupon Rates: 7.500% 7.375% 5.250% ** includes US-qualified pension plans only *TTM 9/30/2014 PolyOne Corporation Page 15 Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return Expanding our sales, marketing, and technical capabilities Targets that expand our: • Specialty offerings • End market presence • Geographic footprint • Operating Margin Synergy opportunities Adjacent material solutions Repurchased 1.5 million shares in Q3 2014 Repurchased 9.7 million shares since early 2013 10.3 million shares are available for repurchase under the current authorization Organic Growth Acquisitions Share Repurchases Dividends Investing in operational and LSS initiatives (including synergy capture) Manufacturing alignment $0.16 $0.20 $0.24 $0.32 $0.40 $0.10 $0.20 $0.30 $0.40 $0.50 2011 2012 2013 2014 2015 Annual Dividend PolyOne Corporation Page 16 PolyOne Core Values Innovation Collaboration Excellence PolyOne Corporation Page 17 The New PolyOne: A Specialty Growth Company Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2023-09/Avient Sustainability Day 2023 - Website %289.19%29.pdf
White House Administration GOVERNMENT INFLUENCE CREATES OPPORTUNITIES Avient Corporation 32 175 Countries support the UN Plastics Treaty to help manage plastics pollution £210 U.K. tax per tonne on products containing less than 30% recycle content (U.K.
Chantal Nestor-Saury, Product Development Manager Avient Corporation 48 Brand Commitment: Percent Recycled Plastic Used Demand by Feedstock Type 39% 29% 37% 16% 25% 11% 11% 6% 19% 7% 0% 10% 20% 30% 40% 50% Brand 1 Brand 2 Brand 3 Brand 4 Brand 5 Brand 6 Brand 7 Brand 8 Brand 9 Brand 10 Progress through 2022 Gap to reach 2025 targets Source: Ellen MacArthur Foundation 2022 2020 2030 12% CAGR Recycled Plastics Virgin Plastics3% CAGR RENEW – TAKEAWAY Demand for Recycled Content Drives Growth Projections Examples Covered Today 55% Other Applications 45% 2022 $340M Source: McKinsey HOW WE ENABLE SUSTAINABILITY Reduce Chris Pederson Senior Vice President, President of Specialty Engineered Materials Avient Corporation 49 REDUCE Avient Corporation 50 KEY CUSTOMER CHALLENGES: • Improving Fuel Economy - Incorporating innovative lighter-weight alternative materials as a cost-effective way to reduce fuel consumption • Reducing Energy Consumption and Dependence on Fossil Fuels - Negative public perceptions of fossil fuels are challenging companies to utilize alternative energy sources and also to reduce overall demand (consumption) • Reducing Carbon Footprint - Companies are seeking assistance from their suppliers to address the ever-increasing pressure to reduce their carbon footprint • Lessening Environmental Impact - Manufacturers are looking to reduce dependence on processes with high environmental impact such as the release of Volatile Organic Compounds (VOCs) during painting Solutions to reduce weight and energy consumption Avient Corporation 51 Lightweight Dashboards Hydrocerol™ Chemical Foaming Agents • Reduces part weight • No impact on performance • Highly cost effective 20% LESS MATERIAL Automotive / EVs 2022 Revenue: $46M Body + Trim SmartBatch™ Paint Replacement • Reduces emission of volatile organic compounds (VOCs) REDUCES VOCs Protective Film Versaflex™ Protective Film • Protects new cars from damage during shipping • High-tack eliminates solvent containing adhesives Avient Corporation 52 LED Lighting Components ThermaTech™ Thermally Conductive Formulations • Reduces weight vs. aluminum • Removes heat – extends LED life • Will not corrode 40% LIGHTER THAN ALUMINUM Automotive / EVs 2022 Revenue: $3M REDUCES FUEL CONSUMPTION Running Boards, Side Steps Complēt™ Long Fiber Reinforced Structural Thermoplastics • High strength-to-weight • Replaces steel/aluminum • Excellent load carrying and fatigue resistance Avient Corporation 53 Battery Frame Maxxam™ Polyolefin Formulations • Critical stiffness and rigidity • Chemical and thermal performance • Replaces a heavier, aluminum frame 60% LIGHTER THAN ALUMINUM Design for Lightweighting Avient Design Services • Comprehensive design for sustainability capabilities • Materials agnostic • 10% reduction in weight increases range by 14% SUSTAINABLE DESIGN Automotive / EVs 2022 Revenue: $4M EV Battery Cooling System Versaflex™ Thermoplastic Elastomers • Thermal management • Chemically resistant • More efficient and longer life battery EXTENDS BATTERY LIFE Avient Corporation 54 EV Connectors Edgetek™ PKE Non-halogen flame retardant Formulations • Provides reduced carbon footprint alternative to traditional materials (Nylon) 66% LESS CO2 THAN NYLONCharging Cable Infrastructure ECCOH™ Wire and Cable Formulations • Low smoke, zero halogen • Flame resistance exceeds EVM1/EVL2 requirements ZERO HALOGEN Automotive / EVs 2022 Revenue: $2M Avient Corporation 55 Trailer Flooring Polystrand™ R Recycled PET Composite Tapes • Minimum 95% post-consumer recycle content • Improved carbon footprint without sacrificing performance 95% RECYCLED PET Aerodynamic Side Shield Polystrand™ Thermoplastic Composite Laminates • Can be post-formed • Reduces fuel consumption • High impact and fatigue resistance 60% LIGHTER Commercial Transportation, Aerospace 2022 Revenue: $8M Rail Car Doors Glasforms™ Composite Panels • Replaces steel • Will not corrode • Reduces weight LIGHT & DURABLE Air Cargo Nets Bio-based Dyneema® Fiber • Reduces fuel consumption • Extends product life from 3 to 5 years 59% LESS WEIGHT Arm Rests & Seat Frames Complēt™ Long Fiber Composites • Replaces steel • High strength-to-weight ratio LIGHT & STRONG Commercial Transportation, Aerospace 2022 Revenue: $8M Air Cargo Containers Polystrand™ Composite Sandwich Panels • Lighter and stronger than aluminum • Reduces fuel consumption 95% RECYCLE CONTENT Avient Corporation 56 Avient Corporation 57 Aquaculture/ Fishing Nets Dyneema® Fishing Net Fibers • High bite resistance – lowers maintenance costs and fish loss • Lighter weight reduces fuel consumption – allows for larger net sizes 60% LIGHTER THAN NYLON/ POLYESTER 70% LIGHTER THAN STEEL Lifting Slings Dyneema® Fiber • Facilitates heavy lift in harsh environments • Accredited by DNV GL, ABS, Bureau Veritas Mooring Lines Dyneema® Mooring Rope Fibers • Able to handle heavy loads common to modern shipping • Improves handling • Reduces dock worker injuries 2x SERVICE LIFE Marine Infrastructure 2022 Revenue: $41M Solar Power Station UV Solutions Smartbatch™ Combination Colorants • Protects solar power panels from UV weathering and outdoor exposure • Meets critical performance standards 10% ENERGY SAVINGS (VS.
https://www.avient.com/industries/consumer/consumer-discretionary/home-household/consumer-electronic-accessories
Thermoplastic Elastomers: GLS™ Versaflex™
https://www.avient.com/investor-center/news/polyone-acquires-certain-tpe-assets-kraton
Since our highly successful TPE acquisition of GLS in 2008, we've continually invested in, globalized and grown in TPE innovation and its broad value-added uses," said
https://www.avient.com/industries/transportation/aerospace/aerospace-rail-electronics
Bring tactile and visual appeal to your human-machine interface designs with GLS™ OnFlex™ TPEs
https://www.avient.com/news/polyone-acquires-certain-tpe-assets-kraton
Since our highly successful TPE acquisition of GLS in 2008, we've continually invested in, globalized and grown in TPE innovation and its broad value-added uses," said
https://www.avient.com/sites/default/files/2020-09/advanced-dispersions-color-selection-chart-1.pdf
PV 32 Opaque CARBAZOLE BS C.I.
https://www.avient.com/sites/default/files/2024-11/Stan-Tone RBX Product Bulletin.pdf
% Pigment Specific Gravity Color Index Heat Stability Lightfastness System RED 23EP06 Specialty Naphthol BS 50 1.06 PR-170 2 I/O (Mass) C EPDM 25EP12 Red 2B, Ca Salt Bs 49 1.2 PR-48:2 2 I/O EPDM 26EP03 Pyrazolone YS 41 1.03 PR-38 2 C I/O EPDM 28EP02 Red 2B, Ba Salt YS 50 1.33 PR-48:1 2 I/O EPDM 82EP02 Iron Oxide, Dark VBS 59 1.7 PR-101 1 I/O EPDM 82EP04 Iron Oxide, Light VYS 60 1.73 PR-101 1 I/O EPDM BLUE 40MB05 (c) Phthalocyanine GS 48 1.19 PB-15:3 1 I/O SBR 40MB08 (c) Phthalocyanine RS 52 1.27 PB-15 1 I/O SBR 40MB10 (c) Phthalocyanine RS-NC 48 1.22 PB-15:1 1 I/O SBR 40MB02 Ultramarine 51 1.35 PB-29 1 I/O SBR 40EP05 Phthalocyanine GS 44 1.14 PB-15:3 1 I/O EPDM 40EP08 Phthalocyanine RS 49 1.23 PB-15 1 I/O EPDM 40EP10 Phthalocyanine RS-NC 48 1.11 PB-15:1 1 I/O EPDM 42EP02 Ultramarine GS 50 1.27 PB-29 1 I/O EPDM GREEN 50MB05 Blend (Yellow/Blue) 48 1.21 N/A 3 I SBR 51MB01 (c) Phthalo Brominated VYS 50 1.4 PG-36 1 I/O SBR 51MB03 (c) Phthalocyanine YS 47 1.34 PG-7 1 I/O SBR 51MB05 (c) Phthalocyanine BS 50 1.46 PG-7 1 I/O SBR 59MB01 Chromium Oxide 69 2.17 PG-17 1 I/O SBR 50EP05 Blend (Yellow/Blue) 48 1.16 N/A 3 I EPDM 51EP01 Phthalo Brominated VYS 44 1.37 PG-36 1 I/O EPDM 51EP03 Phthalocyanine YS 47 1.33 PG-7 1 I/O EPDM 51EP05 Phthalocyanine Bs 45 1.37 PG-7 1 I/O EPDM 59EP01 Chromium Oxide 71 2.12 PG-17 1 I/O EPDM VIOLET/MAGENTA 24MB03 Quinacridone Violet 30 1.06 PV-19 2 I/O SBR 24MB04 Ultramarine Violet 60 1.59 PV-15 1 I/O SBR 24MB06 Benzimidazolone 40 1.08 PV-32 2 I/O SBR 24MB07 Carbazole Violet 40 1.25 PV-23 2 I/O SBR 24EP03 Quinacridone Violet 31 1 PV-19 2 I/O EPDM 24EP07 Carbazole Violet 14 1.34 PV-23 2 I/O EPDM Stan-Tone Code Pigment Type Approx. % Pigment Specific Gravity Color Index Heat Stability Lightfastness System BROWN 83MB01 (c) Iron Oxide, Tan HR 60 1.78 PBr-11 1 I/O SBR 83MB02 (c) Iron Oxide, Light 68 2.1 PBr-6 2 C I/O SBR 83MB03 (c) Iron Oxide, Dark 60 1.83 PBr-6 2 C I/O SBR 83EP02 Iron Oxide, Light 69 1.98 PBr-6 2 C I/O EPDM 83EP03 Iron Oxide, Dark 69 1.98 PBr-6 2 C I/O EPDM BLACK 90MB01 (c) Furnace N-330 31 1.2 PBk-7 1 I/O SBR 90MB05 (c) Iron Oxide 60 1.8 PBk-11 2 C I/O SBR 90EP01 Furnace Black 33 1.05 PBk-7 1 I/O EPDM 90EP05 Iron Oxide 55 1.56 PBk-11 2 C I/O EPDM ALUMINUM 61MB01 Aluminum 70 1.5 PM-1 1 I/O SBR 61EP01 Aluminum 60 1.31 PM-1 1 I/O EPDM RS = Red Shade YS = Yellow Shade VYS = Very Yellow Shade BS = Blue Shade VBS = Very Blue Shade GS = Green Shade NC = Non-Crystallizing HR = Heat-Resistant (a) = Potential Migration at Low Use Levels (b) = Poor Alkali Resistance - Not Recommended for Open Steam Cure (c) = Six Month Shelf Life LIGHTFASTNESS I = Indoor Only I/O = Indoor or Outdoor Mass = Outdoor Masstone Application Only C = Some Caution Advised HEAT STABILITY 1 = Above 400°F 2 = 350°F–400°F 3 = Below 350°F C = Some Caution Advised 1.844.4AVIENT www.avient.com Copyright © 2024, Avient Corporation.