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=29
HiFormer™ Liquid Technology for Plastic Coloration - Video
Five ways to bring clarity to color, material and finish selection
OnColor™ Bio Colorants Mulch Films (Italian)
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=16
REMAFIN™ EP White Colorants for Pharmaceutical Packaging (Chinese)
MEVOPUR™ Standard Colors for Healthcare (Chinese)
Product description, key characteristics and standard color chart (Chinese language version)
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=16
REMAFIN™ EP White Colorants for Pharmaceutical Packaging (Chinese)
MEVOPUR™ Standard Colors for Healthcare (Chinese)
Product description, key characteristics and standard color chart (Chinese language version)
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=29
HiFormer™ Liquid Technology for Plastic Coloration - Video
Five ways to bring clarity to color, material and finish selection
OnColor™ Bio Colorants Mulch Films (Italian)
https://www.avient.com/resource-center?document_type=59&page=37
Trend Report: Efficient Manufacturing and Molded-In Color
Learn about molded-in color, the alternative to painting thermoplastic automotive parts.
Stan-Tone™ FDA Silicone Paste Colors (FSP) Stan-Tone™ Colors - Product Bulletin
https://www.avient.com/idea/video-oncolor-naturals-colorants
Learn more about a range of colorants made with natural pigments derived from plants, flowers, roots and minerals.
Solid Color Masterbatches
|
Packaging
,
Sustainability
https://www.avient.com/services/silicone-dispersions-color-selector
We offer a variety of standard color choices for the Silcopas™ and Silcogum™ product lines.
With over 25 Silcopas and Silcogum colors in stock, most orders ship within 24 hours.
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
Avient acquired the Clariant Color business on July 1, 2020 (the “Acquisition Date”).
To provide comparable financial results, the Company references “pro forma” financial metrics, which include the business results of Clariant Color for
periods prior to the Acquisition Date.
Morgan
• New Senior Secured Term Loan B and new Senior
Unsecured Notes
• Potential proceeds from sale of Distribution business
modeled to pay off 5.25% senior notes due 2023 and
Term Loan
• Acquisition aligned with Avient’s track record of
disciplined capital allocation policy
• Existing dividend policy maintained, focus on
deleveraging in the near term
(1)
(1) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution,
including repayment of senior notes due 2023 and Term Loan
Cash and Cash Equivalents 595$
Senior Secured Term Loan due 2026 605$
New Senior Secured Term Loan B 500
Total Senior Secured Debt 1,105$
Senior Unsecured Notes due 2025 650$
New Senior Unsecured Notes 740
Total Senior Unsecured Debt 1,390$
Total Debt 2,495$
Net Debt 1,900$
2022 Pro forma Adjusted EBITDA 660$
Net Debt / Adjusted EBITDA 2.9x
Pro Forma Capitalization
(2022 estimates, all figures in $M)
T WO - Y E A R L E V E R AG E G OA L
33
3.5x
2.7x
1.7x
2.9x
2.5x
2.2x
2019PF 2020PF 2022E 2022PF 2023E 2024E
Dyneema® AcquisitionClariant Color Acquisition
(1) Pro forma for the acquisition of the Clariant Color business
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of
Distribution, including repayment of senior notes due 2023 and Term Loan
(1) (1) (2)
34
P RO F O R M A M O D E L I N G
2022E Pro Forma Pro Forma
($M) w/ Dyneema w/Sale
Revenue 5,100$ 415$ 5,515$ (1,775)$ 3,740$
Adjusted EBITDA 635 130 765 (105) 660
EBITDA % 12% 31% 14% 6% 18%
Pro Forma EPS (Adjusted) 3.50$ 0.00$ 3.50$ (0.56)$ 2.94$
Pro Forma EPS (excl. amortization) 3.96$ 0.35$ 4.31$ (0.56)$ 3.75$
Leverage (12/31/2022E)
Net Debt / Adjusted EBITDA 1.7x 3.5x 2.9x
Avient Dyneema Distribution® ®
OUR SPECIALTY JOURNEY
AC Q U I S I T I O N H I S TO RY
36
Commercial
Resources(1)
Operating Income
($ in millions)
Operating Margins
259
360
At Acquisition 2021
$40
$122
At Acquisition 2021
9%
21%
At Acquisition 2021
Established Acquisitions
(> 7 years)
+ 39% + 210% + 1200 bps
(1) Commercial Resources include associate headcount in R&D / Technical, Marketing and Sales
C L A R I A N T C O LO R AC Q U I S I T I O N
37
$133
$205
2019PF 2021
37
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• $54 million of synergies realized in 2021
• Acquisition completed on July 1, 2020 for $1.45 billion.
https://www.avient.com/resources/safety-data-sheets?page=6157
LIQUID COLOR RED 483-10468-1
LIQUID COLOR GREEN 484-11098-1
LIQUID COLOR RED 483-10493-2
https://www.avient.com/news/faster-runs-and-better-legibility-new-oncap-laser-marking-formulations
It’s truly a win-win for our customers,” explained Christoph Palm, vice president, general manager, Color and Additives EMEA & India for PolyOne.
The beam changes the molecular structure of the additive, causing a color change and creating a permanent mark.
We encourage manufacturers to collaborate with our laser marking experts to ensure that marking and contrast can be optimized for each color and polymer.”