https://www.avient.com/sites/default/files/2020-10/tpe-overmold-design-guide.pdf
Radius at Runner Transition W Ejector or "Sucker-pin" "Cold Slug" = 1.5(W) Figure 8.
Radius at Runner Transition W Ejector or "Sucker-pin" "Cold Slug" = 1.5(W) Figure 8.
If this type of gate is desired, both the sprue length and diameter should be as short and small as possible. 1514 Typical Fan Gate Flow Pattern Side View Land TPE Overmold t T Substrate D Top View W Land = 0.060 – 0.08" t = 0.15 – 0.30T W = 2D minimum Figure 14.
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.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% 26 (1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs C O L O R , A D D I T I V E S & I N K S 2022 REVENUE | $2 .4 B ILL ION US & Canada 34% EMEA 38% Asia 20% Latin America 8% END MARKET REGION 27 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 8% Building & Construction 11% Telecommunications 1% Energy 2% S P E C I A LT Y E N G I N E E R E D M AT E R I A L S 2022 PRO FORMA REVENUE | $1 .3 B ILL ION END MARKET US & Canada 52% EMEA 35% Asia 13% REGION 28 Packaging 5% Consumer 19% Healthcare 8%Industrial 16% Transportation 10% Telecommunications 10% Energy 9% Defense 15% Building & Construction 8% 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 BY END MARKET 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% 29 PEER COMPARISONS AVIENT IS ASSET LIGHT Capex / Revenue 2023E (%) Avient Specialty Formulators Other Specialty / Chemical Companies Source: Peer data per Bloomberg as of April 28, 2023 Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M. 31 3 2 3 3 4 4 3 3 5 5 5 6 7 9 A vi en t K W R P P G F U L R P M A V Y F M C H U N H X L C E E C L A S H E M N S C L FREE CASH FLOW CONVERSION Source: Peer data per Bloomberg as of April 28, 2023 Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
Avient Specialty Formulators Other Specialty / Chemical Companies 2023E(%) 32 79 87 83 81 76 73 90 79 77 76 73 69 60 22 A vi en t K W R P P G F U L A V Y R P M F M C C E H X L A S H E C L H U N E M N S C L MULTIPLE EXPANSION Avient Specialty Formulators Other Specialty / Chemical Companies Source: Peer data per Bloomberg as of April 28, 2023 Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $38.51.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years. 33 EV / 2023E EBITDA Historic Multiple 6.5 8.3 9.9 14.6 13.7 13.0 11.9 8.8 18.7 17.4 11.8 10.0 9.7 9.1 8.0 7.9 A vi en t (2 01 1) A vi en t (2 01 8) A vi en t (2 02 3) K W R P P G R P M A V Y F U L E C L H X L F M C A S H S C L C E E M N H U N 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/2025-03/ColorMatrix SmartHeat RHC Brochure.pdf
IMPROVED BOTTLE QUALITY +2% in neck weight +3% in body weight -12% in base weight 8.5g 0.5L bottle, 60% rPET Polymer Weight Distribution Based on commercially produced water bottles, 51,000bph Mechanical Strength Increasing SmartHeat RHC Concentration Based on PTI 14.4g 0.5L water bottles, Instron testing To p Lo ad (l bs ) 14 15 16 17 8 9 10 11 0 20 40 60 80 100 0 50 100 150 200 250 300 350 400 450 Burst Pressure Increasing SmartHeat RHC Concentration Based on 8.5g, 0.5L commercially produced water bottles Bu rs t P re ss ur e (B ar ) 14 15 16 17 8 9 10 11 0 20 40 60 80 100 0 50 100 150 200 250 300 350 400 450 REDUCED CO2 EMISSIONS Increasing SmartHeat RHC Concentration Based on a commercial process producing 8.5g 0.5L water bottles as 51,000bph 25% reduction in energy consumed during the bottle blowing process En er gy k W Reduce Energy Consumption SmartHeat RHC increases the heat-up rate for preforms, enabling energy reductions for the heating lamps used during the bottle blowing process.
https://www.avient.com/sites/default/files/2020-08/colormatrix-aazure-brochure-1.pdf
IMPROVED BOTTLE QUALITY +2% in neck weight +3% in body weight -12% in base weight 8.5g 0.5L bottle, 60% rPET Re-optimization of Polymer Weight Distribution to Improve Bottle Strength Based on commercially produced water bottles, 51,000bph Mechanical Strength Increasing ColorMatrix AAzure Concentration Based on PTI 14.4g 0.5L water bottles, Instron testing To p Lo ad (l bs ) 14 15 16 17 8 9 10 11 0 20 40 60 80 100 120 0 50 100 150 200 250 300 350 400 450 500 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 Burst Pressure Increasing ColorMatrix AAzure Concentration Based on 8.5g, 0.5L commercially produced water bottles Bu rs t P re ss ur e (B ar ) 14 15 16 17 8 9 10 11 0 20 40 60 80 100 120 0 50 100 150 200 250 300 350 400 450 500 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 REDUCED CO2 EMISSIONS Increasing ColorMatrix AAzure Concentration 25% reduction in energy consumed during the bottle blowing process, based on a commercial process producing 8.5g 0.5L water bottles at 51,000 bph En er gy k W Reduced Energy Consumption ColorMatrix AAzure increases the heat-up rate for preforms, enabling energy reductions for the heating lamps used during the bottle blowing process.
https://www.avient.com/industries/transportation/trucking/trucking-lighting
Up to 20 W/mK in _______ direction
https://www.avient.com/knowledge-base/case-study/led-manufacturer-innovates-and-saves-polymer-heat-sinks
The company’s product engineers developed specifications that included thermal conductivity in plane from 4 to 21 W/m.K (in compliance with ASTM E1461); glow wire resistance of 850°C/0.8mm (IEC 606095-2-12); and enough dimensional stability to allow it to be overmolded directly on LED components.
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/industrial-fabric-yarn
Twisted e-glass w/ Wearcoat
https://www.avient.com/industries/transportation/advanced-mobility/user-interfaces
Up to 20 W/mK
https://www.avient.com/sites/default/files/2021-09/avnt-seaport-conference-presentation.pdf
D is t. ) K W R P P G A V Y F U L R P M G C P H X L F M C H U N IF F E C L A S H K R A E M N C E S C L A LB Median: 5%Median: 3% Source: Peer data per Bloomberg market data as of July 28, 2021 Avient reflects 2021 estimated revenue of $4,650M and excludes one-time synergy capture CAPEX ($20M) Avient Specialty Formulators Other Chemical/Specialty Companies Free Cash Flow Conversion (1) 2021E (%) Being asset light helps us to generate strong free cash flow that is in line with specialty formulators.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA Median: 81% Median: 78% HIGH FREE CASH FLOW CONVERSION Avient reflects 2021 estimated EBITDA of $580M and excludes one-time synergy capture CAPEX ($20M) Source: Peer data per Bloomberg market data as of July 28, 2021 87 90 86 82 80 78 73 87 82 82 79 79 78 78 77 76 71 67 46 A vi en t K W R P P G A V Y F U L R P M G C P F M C U N V R C E IF F A S H E C L B N R E M N H X L H U N K R A S C L A L B (6) Source: Peer data per Bloomberg market data as of July 28, 2021 Total Enterprise Value / 2021E EBITDA Our current valuation with updated guidance implies an EBITDA multiple that is below specialty formulator peers and the median of other selected chemical / specialty companies.
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. 31 Avient reflects 2021 estimated EBITDA of $580M OUR VALUATION VERSUS PEERS Avient Specialty Formulators Other Chemical/Specialty Companies 9.5 18.5 15.1 15.1 14.0 11.0 10.4 29.5 28.2 23.9 18.7 12.4 12.2 11.1 9.3 9.2 9.2 7.6 7.6 6.0 A vi en t K W R P P G A V Y R P M F U L G C P A L B H X L E C L IF F F M C B N R A S H S C L E M N U N V R K R A C E H U N Median: 11.1xMedian: 14.6x SUMMARY: WHY INVEST IN AVIENT?
https://www.avient.com/resources/safety-data-sheets?page=4137
REVEAL GREY W/AS