https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
&
Canada
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
37%
9% 4% 4%
Building &
Energy Telecom
4
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
1. 6.5% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
FX -11%
FX -3%
Total Avient -14%
YoY Comparison against 2022 pro forma results
• Aging infrastructure driving need for greater
technological advancements and upgrades
• Increased focus on strength and capacity
of electrical grid plays into further adoption
of composites into the market
UV, weather-resistance, customized
capabilities
Best-in-class customer responsiveness
Local high-quality manufacturing,
unparalleled breadth of portfolio
Expanding position in insulators, utility
poles, crossarms, and wind energy
Avient Confidential 16
ENERGY
16
• Fiber-optic investments from AT&T, Corning,
Commscope continue to drive industry toward
innovation
• $42B BEAD program in Infrastructure Bill to
increase cable deployments; well-positioned to
capitalize on “Made in America” requirement and
“last mile” buildout
Flame retardance, weather-resistance enables
faster, safer, more reliable connections
Local manufacturing, unparalleled breadth of
portfolio
Expanding position in insulation for wire
jacketing, 5G buildout
TELECOMMUNICATIONS
Source: U.S.
Three Months Ended
March 31, 2023
Three Months Ended
March 31, 2022
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 20.8 $ 0.23 $ 64.4 $ 0.70
Special items, after tax 22.3 0.24 6.4 0.07
Amortization expense, after-tax 15.1 0.16 $ 10.8 $ 0.12
Adjusted net income / EPS $ 58.2 $ 0.63 $ 81.6 $ 0.89
March 31,
Reconciliation of Pro Forma Sales 2023 2022
Sales $ 845.7 $ 892.2
APM pro forma adjustments — 94.9
Pro forma sales $ 845.7 $ 987.1
1
Three Months Ended
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022
Net income from continuing operations – GAAP $ 21.3 $ 64.7
Income tax expense 7.7 20.0
Interest expense, net 28.8 16.9
Depreciation and amortization 50.5 37.6
EBITDA from continuing operations $ 108.3 $ 139.2
Special items, before tax 27.3 6.7
Depreciation and amortization included in special items (1.8) (2.1)
Adjusted EBITDA $ 133.8 $ 143.8
Pro forma APM adjustments — 32.0
Pro forma adjusted EBITDA $ 133.8 $ 175.8
Pro forma adjusted EBITDA as a % of sales 15.8 % 17.8 %
2023 2022
Sales:
Color, Additives and Inks $ 537.0 $ 649.5
Specialty Engineered Materials 309.7 243.1
Corporate (1.0) (0.4)
Sales $ 845.7 $ 892.2
Operating income:
Color, Additives and Inks $ 65.6 $ 94.5
Specialty Engineered Materials 43.1 38.3
Corporate (51.6) (30.6)
Operating income $ 57.1 $ 102.2
Depreciation & amortization:
Color, Additives and Inks $ 25.8 $ 26.0
Specialty Engineered Materials 21.2 7.8
Corporate 3.5 3.8
Depreciation & Amortization $ 50.5 $ 37.6
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 91.4 $ 120.5
Specialty Engineered Materials 64.3 46.1
Corporate (48.1) (26.8)
Other income (expense), net 0.7 (0.6)
EBITDA $ 108.3 $ 139.2
AVNT June IR Conferences w Non GAAP Recs.pdf
AVNT Q1 2023 Earnings Presentation.pdf
AVNT Q1 2023 Earnings Presentation
5.2 221pm IR Deck - AVNT-2023.03.31 (002).pdf
https://www.avient.com/products/polymer-additives/fiber-additives/cesa-fiber-additives
Can be combined with color
Remafin™ Fiber Colorants for PP
Renol™ Fiber Colorants
https://www.avient.com/news/specialty-and-sustainable-materials-packaging-be-showcased-avient-propak-vietnam-2024
These innovations include Avient’s PCR Color Prediction Service, ColorForward™ 2025, and new grades of polymer additives for flexible film.
ColorForward™ 2025: the 19th edition of Avient’s color trend forecast developed to inspire brand owners and designers of plastic products, featuring 20 colors and effects derived from societal trends likely to influence consumer color preferences and the design of consumer products in the future
PCR Color Prediction Service: a digital tool that can illustrate the color possibilities or limitations of certain types of recycled resins (PCR) prior to laboratory trials, which can help simplify the overall color decision-making process during product development and launch
https://www.avient.com/resource-center?document_type=59&page=22
Black Colorants for Spun-Dyed PET and PA Fibers - Product Bulletin
Additives and Colorants for PP-R and PP-RCT Pipe Systems
Fiber Colorants and Additives Overview
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=22
Black Colorants for Spun-Dyed PET and PA Fibers - Product Bulletin
Additives and Colorants for PP-R and PP-RCT Pipe Systems
Fiber Colorants and Additives Overview
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=22
Black Colorants for Spun-Dyed PET and PA Fibers - Product Bulletin
Additives and Colorants for PP-R and PP-RCT Pipe Systems
Fiber Colorants and Additives Overview
https://www.avient.com/resource-center?document_type=59&page=18
Mevopur™ Polymer Colorants and Additives
Avient PCR Color Prediction Service - Product Bulletin
ColorMatrix Liquid Colorants for PVC Pipes
https://www.avient.com/sites/default/files/2023-06/OmnicolorU.S. Color Chart.pdf
OMNICOLOR™
MULTIPURPOSE
COLORANTS
U.S.
COLOR SELECTOR
OMNICOLOR™
U.S.
Due to printing or monitor variations,
color shown may vary from actual color.
https://www.avient.com/news/polyone’s-new-geon-bold-vinyl-solutions-keep-deep-colors-vivid-outdoor-environments
Homepage
//
News Center
//
PolyOne’s New Geon™ Bold Vinyl Solutions Keep Deep Colors Vivid in Outdoor Environments
CLEVELAND – Builders and homeowners know that faded colors on fencing, decks and windows can spoil curb appeal and decrease property values.
To address these unmet needs, PolyOne developed Geon Bold vinyl solutions that deliver the preferred variety of color choices and the enduring performance that consumers demand.”
https://www.avient.com/news/global-premium-brands-count-polyone-s-inspired-colors-materials-and-finishes-luxury-packaging
Homepage
//
News Center
//
Global Premium Brands Count on PolyOne’s Inspired Colors, Materials and Finishes for Luxury Packaging
In addition, InVisiO designers work with brand owners to develop new color ranges and adapt existing color palettes to bring the brand’s vision to life.
Photo Caption: Inspired colors, materials and finishes that support sensory branding are the focus of PolyOne’s Luxe Pack New York exhibit.