https://www.avient.com/knowledge-base/case-study/new-life-aging-pipe?rtype[]=1164
The resulting material was a seamless integration of over 1,000 meters of woven composite fabric reinforcement, providing a combination of flexibility and strength.
https://www.avient.com/resource-center?document_type=63&all=1
Technical Data Sheets
Safety Data Sheets
Safety Data Sheets
https://www.avient.com/sites/default/files/2023-03/AVNT Q2 2022 Earnings Presentation - Website Version.pdf
S EC O N D Q UART ER 2022
RE S U LTS
$122
$134
$0.87
$0.98
Q2 2022 PERFORMANCE
(TOTAL COMPANY)
4
Sales Adjusted Operating Income
$1,235
$1,302
+ 5%
Adjusted EPS
+ 10% + 13%
(in millions) (in millions)
(+ 10% excluding FX) (+ 16% excluding FX) (+ 20% excluding FX)
Q2 2022 SEGMENT PERFORMANCE
5
CAI
$624
$649
($ in millions)
SEM Distribution
$86
$94
+ 4% + 9%
$404
$443
$24
$27
+ 10% + 13%
(1)
$241 $244
$37 $37
+ 1% Flat
(+ 10% excluding FX) (+ 16% excluding FX) (+ 6% excluding FX) (+ 3% excluding FX)
Q2 2021 $1,235 $122
Sustainable Solutions 17 7% 7
Healthcare 23 14% 5
Composites (ex Outdoor High Performance) 10 20% 4
Growth in Asia / LATAM 5 3% 1
Other 69 11% 5
Sub-total $1,359 10% $144
Outdoor High Performance Impact (9) (5)
Wage Inflation and Overtime (7)
Other Supply Chain Costs (2)
Clariant Color Integration Synergies 7
Incentives, Other Employee Costs 4
FX (48) (7)
Q2 2022 $1,302 5% $134
Q2 2022 SALES AND OPERATING INCOME
(TOTAL COMPANY)
6
Sales Growth Rate
Operating
Income$ millions
EBITDA
Q2 EBITDA BRIDGE
7
Price increases more than
offsets raw material and
supply chain impacts
Q2 2021 $ 159
Demand (29)
$ millions
CAI:
Price / Mix 87
Inflation (58)
SEM:
Price / Mix 36
Inflation (24)
Distribution:
Price / Mix 45
Inflation (41)
Net Price Benefit 45
Wage Inflation and Overtime (7)
Other Supply Chain Costs (2)
Clariant Color Integration Synergies 7
Incentives, Other Employee Costs 4
FX (7)
Q2 2022 $ 170
China Lockdowns / Russia Impact $ (14)
Outdoor High Performance (5)
Transportation (5)
8
Q2 '21 Adjusted EPS 0.87$
Color, Additives and Inks 0.11
Specialty Engineered Materials 0.01
Distribution 0.03
Corporate Costs 0.01
F/X (0.05)
Segment OI 0.11$
Interest Expense 0.03
Tax Rate (0.03)
Q2 '22 Adjusted EPS 0.98$
Q2 EPS BRIDGE
Key Updates
• Provided progress on 2030 Sustainability Goals
• Emphasized commitment to U.N.
EPS (ex Amort) 3.96$ 0.13$ 4.09$ (0.58)$ 3.51$
Pro Forma Leverage (12/31/2022E)
Net Debt / Adjusted EBITDA 1.6x 3.4x 2.8x
Forecast Dyneema
Forecast +
Dyneema
Sale of
Distribution
Pro Forma
2022
TWO-YEAR LEVERAGE MODEL
16
3.5x
2.7x
1.6x
2.8x
2.4x
2.0x
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)
OUR SPECIALTY JOURNEY CONTINUES
17
• Dyneema® brings leading technology and brand with
the World’s Strongest Fiber™, deep history of
application development and strong
management team focused on specialty
applications
• Dyneema® transaction is aligned with our previously
stated acquisition goal of expanding our composites
and fiber capabilities
• Similar to our other technology expansion
acquisitions, Dyneema® allows us to leverage our
invest-to-grow strategy
• The possible sale of our Distribution business also
presents potential benefits with respect to leverage
and EBITDA margins
46%
66%
86%
100%
0%
40%
60%
80%
100%
2005 2010 2015 2021 2022 PF
%
o
f A
dj
u
st
ed
E
B
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)
Building &
43%
14%
Telecom.
2006 2022 Pro forma
Building &
Telecom.
Annual Purchases
RAW MATERIAL AND SUPPLY CHAIN UPDATE
Based on 2021 purchases, excludes Distribution business
SEGMENT DATA
U.S. & Canada
50%
Latin America
2021 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
Building and
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $4,819M and $581M, respectively, include intercompany sales eliminations and corporate costs
$2,402M
$409M
$919M
$164M
$1,631M
$94M
Sales EBITDA
Distribution
Specialty Engineered Materials
Color Additives and Inks
$581M$4,819M
(1)
24
34%
Building &
1% Telecommunications
C O L O R , A D D I T I V E S & I N K S
2021 REVENUE | $2 .4 BILL ION
32%
40%
Latin America
END MARKET REGION
25
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
27%
Building &
2021 REVENUE | $919 MILLION
END MARKET
55%
REGION
26
D I S T R I BU T I O N
26%
Building and
80%
3%
Latin
America
END MARKET REGION
K E Y S U P P L I ER S
2021 REVENUE | $1 .6 B ILL ION
27
TOTA L C O M PA N Y R E G I O N A L S A L E S
BY END MARKET
30%
26%Healthcare
14%
Building &
2% Energy
(16% of sales)
32%
Building &
(25% of sales)
28
19%
Building &
US &
Canada
(50% of sales)
38%
33%
Building &
LATAM
(9% of sales)
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/2023-08/SEM Solutions for E-Batteries Infographic_v2.pdf
BATTERY JUNCTION BOX
Stat-Tech™ Static Dissipative & Electrically
Conductive Formulations
Surround™ EMI/RFI Shielding Formulations
• Integrated EMI/RFI shielding
• Easier to process vs metals
MODULE CONNECTOR
Therma-Tech™ Thermally Conductive Formulations
• Good stiffness and mechanical strength
EV CONNECTOR
Edgetek™ PKE Polyketone Formulations
• Excellent chemical resistance
• Low moisture uptake
• Non-halogenated flame retardant performance
• Colorable (RAL Orange)
• Reduced carbon footprint vs PA6 and PA66
COOLING SYSTEM
Therma-Tech™ Thermally
• Tensile strength
• Chemical resistance
BATTERY FRAME
Maxxam™ FR Flame Retardant Polyolefin Formulations
Edgetek™ Engineered Polymer Formulations
Polystrand™ Continuous Glass Fiber Reinforced Thermoplastics
• Non-halogenated flame retardant
HOUSING TRAY
OnForce™ Long Glass Fiber Reinforced
Polypropylene Composites
Stat-Tech™ Static Dissipative & Electrically
Conductive Formulations
Polystrand™ Continuous Glass Fiber
Reinforced Thermoplastics
• Design integration & freedom
• Structural performance
• EMI shielding
BATTERY MANAGEMENT CONTROLLER
Stat-Tech™ Static Dissipative & Electrically Conductive Formulations
Surround™ EMI/RFI Shielding Formulations
• Integrated EMI/RFI shielding
• Easier to process vs metals
BATTERY HOUSING/COVER
OnForce™ Long Glass Fiber Reinforced Polypropylene Composites
Complēt™ Long Fiber Reinforced Structural Thermoplastics
• Metal replacement
• Lightweighting
• Structural performance
• Design integration & freedom
Polystrand™ Continuous Glass Fiber
• Localized biaxial reinforcement
• Impact performance
• Overmolding compatibility
• Integrated assembly point stiffening
ENGINEERED MATERIALS FOR EV BATTERIES
CELL MODULE
Therma-Tech™ Thermally
Conductive Formulations
• Good stiffness and
mechanical strength
UNDERBODY PROTECTION
Polystrand™ Continuous Glass Fiber
• Superior impact performance
• Significantly lighter than steel
• Simplified integration with housing
• Corrosion resistance
https://www.avient.com/sites/default/files/resources/Universal_Polyamide_Overmold_Thermoplastic_Elastomer.pdf
The data is reported as average force over 2 inch (5.08mm) of
pulling at speed of 2"/min (5.08mm/min).
INSERT MOLDING
Insert molding data is reported in Table 3 and Figures 4 through 9.
TWO-SHOT MOLDING
Data is reported in Table 4.
https://www.avient.com/sites/default/files/2022-04/Avient Announces Agreement to Acquire Dyneema_0.pdf
We are thrilled to add the Dyneema® brand and its unique technologies to Avient, further
expanding our growing composites portfolio,” said Robert M.
For 10 years, we have been building our advanced
composites platform by focusing on high-performance materials for applications where failure is
not an option.
The non-GAAP financial measures include estimated 2022 Dyneema
business and Composites Platform pro forma EBITDA.
https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2019-results
In millions, except per share data)
In millions, except per share data)
Condensed Consolidated Balance Sheets
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/maxxam-polyolefin-formulations
Safety Data Sheets
Important information about the health, safety and environmental impacts of Avient products.
High density polymer-metal composites are an ideal alternative to lead and other traditional metals
https://www.avient.com/investor-center/news/polyone-announces-second-quarter-2016-results
In millions, except per share data)
In millions, except per share data)
Condensed Consolidated Balance Sheets
https://www.avient.com/sites/default/files/2022-09/FR Healthy Bldg Codes Application Snapshot.pdf
PROFILE/SHEET EXTRUDER
R A I L S A N D K I C K P L A T E S
• Convert existing PVC profile and sheet rails and kick plates to
polyolefin resin to meet Class A fire safety (ASTM E84)
• Provide a system that meets healthy building certifications
and approvals
• Utilize a more sustainable flame retardant technology,
removing brominated or halogenated flame retardants from
the environment
• Achieve non-compromising performance in aesthetics,
impact, dimensional stability, CLTE, and E84 testing
• Provided broad flame retardant platform, backed by
extensive application and industry expertise, to meet
global flammability standards
• Has largest UL94 recognized Prospector membership
with HB, V-0, V-1, V-2 and 5VA/5VB ratings, and broad
glow wire performance products
• Included in-house UL certified labs and manufacturing
locations to perform UL94 material sampling and testing
• Supported application development to meet fire safety
standards, address current or emerging healthy building
codes, smart home requirements, and LEED credits
• Offered custom formulations in small lot quantities
Cesa™ Flam Non-Halogen Flame Retardants
KEY REQUIREMENTS
WHY AVIENT?