https://www.avient.com/sites/default/files/2023-09/Avient Sustainability Day 2023 - Website %289.19%29.pdf
EBITDA Margins (1) 5.4% 11.5% 16.0% 2006 2018 2023E • Delivered on organic growth combined with transformative and bolt-on acquisitions • Divested commodity businesses tied to more cyclical end markets • Expanded presence in high growth areas of sustainable solutions, composites, healthcare applications and emerging regions LONG-TERM REVENUE GROWTH DRIVERS Avient Corporation 14 Growth Drivers Long-Term Growth Rate Sustainable Solutions 8–12% Composites 8–10% Healthcare 8–10% Asia / LATAM 5% Other (GDP growth) 0–2% Avient 6% 60%+ Key Growth Drivers Sustainable Solutions Composites, Healthcare, Asia / LATAM Overlap Other (GDP Growth) HISTORICAL GROWTH DRIVER PERFORMANCE Avient Corporation 15 Composites $51 $84 $212 $668 2016 2018 2020 2022 Organic CAGR 10% Healthcare $108 $113 $231 $293 2016 2018 2020 2022 Organic CAGR 11% Asia/Emerging Regions $265 $358 $726 $830 2016 2018 2020 2022 Organic CAGR 12% $340 $455 $790 2016 2018 2020 2022 $1,175 Sustainable Solutions Organic CAGR 11% (Sales $ in millions) Avient Corporation 16 $340M $405M $455M $550M $790M $915M 2016 2017 2018 2019 2020 2021 2022 Revenue From Sustainable Solutions 2016-2022 ($ in millions) 11% Organic CAGR $1,175M Lightweighting Eco-Conscious Recycle Solutions VOC Reduction Sustainable Infrastructure Human Health & Safety Reduced Energy Use Bio-polymers Solutions to increase recycled content and minimize plastic waste Solutions to reduce weight and energy consumption Solutions to preserve and protect natural resources & human life SUSTAINABILITY: FOCUS TODAY Sustainability Strategy Walter Ripple Vice President, Sustainability Avient Corporation 17 OUR SUSTAINABILITY COMMITMENT As the world’s premier provider of specialized and sustainable materials, services, and solutions, Avient is committed to meeting the needs of the present without compromising future generations’ ability to meet their needs.
CAFE: Corporate Average Fuel Economy >50% Improvement REDUCE – TAKEAWAY Reducing Energy Consumption and Dependence on Fossil Fuels Drives Growth Projections Examples Covered Today 45% Other Applications 55% 2022PF $310M 38 46 CAFE1 Miles Per Gallon Proposed Requirements HOW WE ENABLE SUSTAINABILITY Preserve Woon Keat Moh Senior Vice President, President of Color, Additives and Inks – Americas and Asia Avient Corporation 61 PRESERVE Avient Corporation 62 KEY CUSTOMER CHALLENGES: • Preserving Key Natural Resources - Companies are being challenged to mitigate high environmental impact processes such as water-intensive textile dyeing or food spoilage • Incorporating Renewable Materials - Adoption of bio-based raw materials requires design and formulation expertise to overcome performance shortcomings of neat resins • Increasing Healthcare Regulations - Utilizing sustainable materials in healthcare applications requires considerable support in navigating complex regulatory requirements • Increasing Regulatory Compliance - Non-Intentionally Added Substances (NIAS) need to be controlled in sensitive applications • Enabling Faster and More Reliable Connectivity – Substantial investments in 5G infrastructure are required to unlock the potential of the Internet of Things Solutions to preserve and protect natural resources & human life Avient Corporation 63 Spin Dyed Precolor Textile Yarn Renol™ Spin Dyeing Colorants • Replaces water-based dye processes to reduce waste creation • Conserves water and energy 75% LESS WATER PROTECTIVE DENIM Dyneema® Workwear Solutions • Improves tear resistance 50-100% • More protective than competitive alternatives • Enables the amount of protective fiber to be reduced without sacrificing performance 600% IMPROVED ABRASION RESISTANCE Clothing & Textiles 2022 Revenue: $49M Avient Corporation 64 Low Cure Textile Inks Avient Specialty Inks™ Low Cure Inks • Decreases energy consumption • Reduces scrap due to heat-related defects SAVES ENERGY Clothing & Textiles 2022 Revenue: $40M BIO-BASED FORMULATIONS Water Based Textile Inks Zodiac™ Aquarius™ Specialty Inks • Incorporates bio-based materials • Non-formaldehyde solutions available • Reduces waste by enabling high open screen time Avient Corporation 65 Mosquito Netting Cesa™ Fiber Anti-Mosquito Additives • Helps control malaria • Protects consistently using a controlled release of insecticide • Expands access to healthcare breakthroughs to global communities ANNUAL NEW MALARIA CASES 200 Million Antimicrobial Protection Cesa™ WithStand™ Antimicrobial Additives • Reduces microbial / mold growth • Helps reduce odor, staining, discoloration • Excellent comfort and wearability • Chemical resistance - will not discolor or degrade REDUCES MICROBES Human Health & Safety 2022 Revenue: $5M Avient Corporation 66 Cut-Resistant Gloves Dyneema® Solutions • Incorporates bio-based materials • Reduces carbon emissions • Excellent wearability / comfort WORK INJURIES REDUCES Rescue Rope Dyneema® Solutions • Superior strength-to-weight ratio • High break load • Extraordinary reliability SAVES LIVES Human Health & Safety 2022 Revenue: $106M Body Armor Dyneema® Protective Solutions • Exceptional trauma protection • Excellent wearability LIGHTER THAN ARAMID FIBER 35% Avient Corporation 67 40% BIO-DERIVED Pharmaceutical Tubing Versaflex™ Healthcare Pharma Tubing Formulations NEU™ Specialty Engineered Materials • Facilitates incorporation of sustainable materials with healthcare device manufacturers • Eliminates vulcanization processes Medical 2022 Revenue: $40M NON-PHTHALATE Respiratory Conduit Versaflex™ Healthcare Corrugated Tubing Formulations • Non-Phthalate • ISO 10993 & USP Class VI compliant Avient Corporation 68 100% UP TO BIO-BASED CARRIER Medical Devices Mevopur™ Bio-Based Colorants • Minimizes risk through pre-testing • Provides vital regulatory compliance • Minimizes global supply chain risk with validated backup supply Continuous Glucose Monitoring and Auto Injectors Trilliant™ Healthcare Polymer Solutions • Impact performance • Chemical resistance ENABLES HOME CARE Medical 2022 Revenue: $16M Avient Corporation 69 Fiber Optic Cable and Jacketing Fiber-Line™ Optical Fiber Cable Components • Reduction in weight & energy usage • Thermal and abrasion resistant • Extends product life ENABLES CONNECTIVITY Cable Micromodules ECCOH™ Low Smoke Formulations • Non-halogen • Low smoke and toxicity SUPPORTS SUSTAINABLE INFRASTRUCTURE Base Station Components Edgetek™ Low-Density Formulations • Low density – lighter weight • Low warpage & thermal conductivity EXTENDS PRODUCT LIFE Antenna Components PREPERM™ Low Loss Dielectric Formulations • Replaces costly ceramics • Consistent and efficient antenna performance ENHANCES PERFORMANCE 5G Infrastructure 2022 Revenue: $39M Avient Corporation 70 “Nike has partnered with Avient extensively over the years because of their leadership in eco-friendly screen printing inks.”
Per Carlsson, Manufacturing and Operations CUSTOMER TESTIMONIALS Avient Corporation 71 50 90 0 20 40 60 80 100 2022 2030 Medical Plastics Market Size PRESERVE – TAKEAWAY Protecting Human Life and Enabling Connectivity Drives Growth Projections Examples Covered Today 56% Other Applications 44% 2022 $525M (in $ Bi lli on s) 8% CAGR 34% CAGR 5G Infrastructure Market Size 12 92 0 10 20 30 40 50 60 70 80 90 100 2023 2024 2025 2026 2027 2028 2029 2030 (in $ Bi lli on s) Source: Grand View Research Source: Global Data Summary Jamie Beggs Senior Vice President and Chief Financial Officer Avient Corporation 72 OUR SUSTAINABILITY REPORT Avient Corporation 73 Avient Corporation 74 2030 SUSTAINABILITY GOALS Avient Corporation 75 PERFORMANCE AND RECOGNITION 1 2 5 ESG Ratings Performance ESG Awards and Certifications top 13% 94th percentile Avient Corporation 76 SUSTAINABILITY INNOVATION AWARDS Ultra-Low Carbon Footprint TPE Innovation Award, Finalist: Plastics Industry Association PCR Colorants + Additives Sustainable Packaging Innovation, Finalist: U.S.
https://www.avient.com/sites/default/files/2020-08/colormatrix-flexcart-overview-2020.pdf
Are data management facilities needed?
Footprint (LxW cm) 86 x 71 98 x 38 60 x 35 55 x 30 86 x 80 Typical max. throughput (kg/hr) 1000 625 250 50 120 Max. metering rate (cc/s) 10 10 10 1.8 1.25 Continuous use Yes Yes No No Yes Transfer pumps PC/Peri Peri NA NA PC Metering pumps PC/Peri PC/Peri PC/Peri Peri PC Interchangeable cassette Yes Yes Yes No Yes Typical PlanetPak delivery unit 25L 25L NA 1L 25L Other delivery packaging IBC/LN Drum/LN LN LN NA PC PUMP RATE (cc/rev) 0.09 0.28 0.87 2.6 5.2 RECOMMENDED OUTPUT RANGE (g/min) 0.9 to 9 2.8 to 28 8.7 to 87 26 to 260 53 to 520 PC PUMP MAX (g/min) 18 56 174 520 1040 CONTROLLER CMG 3000 FlexG CMG 5000 CMG 6000 Application Injection Molding Extrusion Injection Molding Extrusion Injection Molding Extrusion Injection Molding Extrusion Melt Injection Volumetric/gravimetric V V (weight data) V/G V/G Data export/network No Yes Yes Yes Touch screen No Yes Yes Yes Multiple log-in levels No No Yes Yes FlexCart Model S Optional Yes No Mini Model S No Yes No Micro Yes No Yes No Nano Yes No No No Melt Injection No No No Yes Choosing a progressive cavity pump for transfer or metering Choosing the controller MAKING THE RIGHT CHOICE Here are the options which should be considered for an informed choice of combinations: (Note: LN = 3, 5 & 10L molded container PC = Progressing Cavity Pump Peri = Peristaltic Pump) Avient can provide support and assistance on every aspect of liquid color and additive processing.
Network capable Data acquisition and SPC Web enabled Touch screen controller User login security Gravimetric functions Custom configuration Remote access functions www.avient.com Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2023-10/Flexi-StiX FlexSpring Case Study.pdf
Working with Avient, Gordon and Jeff developed the patent-pending FlexSpring™ insole using a tri-ply unidirectional fiberglass laminate, combined with neoprene foam sheet material, and die-cut to shape.
https://www.avient.com/sites/default/files/2020-07/phthalate-facts-brochure.pdf
Examples of common applications include medical tubing, inflatables, packaging film and sheets, garden hoses, toys and automotive plastics.
https://www.avient.com/sites/default/files/2024-07/Cesa and Hiformer Non-PFAS Process Aid Product Bulletin.pdf
KEY CHARACTERISTICS • Reduces melt fracture leading to fast time to clear • Reduces die buildup • Improves process efficiency • Retains ability to seal and print • Available in both solid and liquid • Offers low concentration efficiency • Reduces power requirements • Does not interact with other additives APPLICATIONS • Blown film • Profile extrusion • Tubing and pipe extrusion • Wire and cable applications • Extruded sheet • Applications in both virgin resin and PCR Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2022-11/Seat Buckle System Application Snapshot.pdf
TIER 1 SUPPLIER S E A T B U C K L E S Y S T E M • Rapid development of 3 colors for global OEM platform, for 3 materials (POM, SAN, PP) • Help Tier 1 transition from printing to laser marking of buckles • Develop formulation that offers laser marking solution plus color • Quick reaction to develop three colors for this global vehicle launch • Smartbatch™ color + laser marking formulation met requirements for critical safety components Smartbatch™ Combination Colorants & Additives KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-04/gravi-tech-pipe-system-valve-case-study.pdf
• Elimination of lead = increased safety and compliance: Replacing brass with Gravi-Tech high-density formulations eliminates health and safety concerns about lead. • Use of existing tooling = lower capital costs: API was able to use the same mold originally designed for nylon to run the Gravi-Tech materials, saving the substantial costs of retooling.
https://www.avient.com/sites/default/files/2021-04/onflex-s-garden-hose-hand-grip-case-study.pdf
To provide a secure grip for safety and usability, the company planned to overmold a thermoplastic elastomer (TPE) onto the handle and other selected areas of the sprayer.
These savings help the company to achieve high margins on its top-of-the-line sprayers. • High-end product line = competitive advantage: With Avient’s OnFlex-S TPE, developers successfully designed and produced a new, high-end product line that compares favorably with all-plastic sprayers in terms of appearance, performance and durability. • Gripping feel = safety and usability for customers: Hand grips created from overmolded OnFlex-S TPE provide excellent anti-slip performance even when wet.
https://www.avient.com/sites/default/files/2021-09/colormatrix-flexcart-liquid-metering-system-flyer.pdf
Are data management facilities needed?
VALUE BENEFITS OF USING FLEXCART™ AND PLANETPAK™ COMPONENTS FlexCart & PlanetPak components offer a market leading metering technology: • Robust and dependable system control • Reliable yield (typically 99% using PlanetPak) and sustainable packaging • Data networking and remote Internet support capabilities • Simplified changeover with interchangeable cassettes of color and additives ATTRIBUTE FLEXCART Footprint (LxW cm) 86 x 71 Controller options 3000/Flex G 5000/6000 Typical max. throughput (kg/hr) 1000+ Max. metering rate (cc/s) 10 Continuous use Yes Transfer pumps PC/Peri Metering pumps PC/Peri Interchangeable cassette Yes Note: PC = Progressing Cavity Pump Peri = Peristatic Pump PLANETPAK™ CONTAINERS The FlexCart system is designed to work with the standardized PlanetPak container range of packaging, typically achieving 99% reliable yield while also achieving a sustainable packaging format that is fully recyclable.
ATTRIBUTE PC PUMP PERI PUMP CMG3000 FLEX G CMG5000 CMG6000 Delivery throughput High Low – – – – Metering throughput High Low – – – – Volumetric/gravimetric V V V Loss-in-weight G G Data export/network – – No Yes Yes Yes Touch screen – – No Yes Yes Yes Multiple log-in levels – – No No Yes Yes The range of progressing cavity pump rates attainable can be used to determine the correct size of pump. www.avient.com Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-08/colormatrix-flexcart-micro-liquid-metering-system-flyer.pdf
Are data management facilities needed?
VALUE BENEFITS OF USING THE FLEXCART MICRO SYSTEM The FlexCart Micro metering system is market leading: • Robust and dependable system control • Reliable yield (typically 95%+) and sustainable packaging • Capability of data networking and remote internet support • Small footprint & LN standard recyclable delivery packaging FLEXCART™ MICRO LIQUID METERING SYSTEM Combined with sustainable delivery packaging ATTRIBUTE FLEXCART MICRO Footprint (LxW cm) 60 x 35 Controller options 3000 5000 Typical max. throughput (kg/hr) 250 Max. metering rate (cc/s) 10 Continuous use No Transfer pumps N/A Metering pumps PC/Peri Interchangeable cassette Yes Note: PC = Progressing Cavity Pump Peri = Peristatic Pump PLANETPAK™ CONTAINERS AND LN PACKAGING OPTIONS The FlexCart suite of metering systems is designed to work with the standardized PolyOne range of packaging typically achieving 99% reliable yield on continuous operating systems, while at the same time also achieving a sustainable packaging format in terms of full recyclability.
ATTRIBUTE PC PUMP PERI PUMP CMG 3000 CMG 5000 Metering throughput High Low – – Volumetric/gravimetric V V V V/G Data export/network – – No Yes Touch screen – – No Yes Multiple log-in levels – – No Yes The range of progressing cavity pump rates attainable can be usedto determine the correct size of pump.