https://www.avient.com/sites/default/files/2023-10/Syncure XLPE 200 Series DBDPE-free Grades Product Bulletin.pdf
This literature shall NOT operate as permission, recommendation, or inducement to practice any patented invention without permission of the patent owner.
1.844.4AVIENT
www.avient.com
System Syncure XLPE
S200FH
Syncure XLPE
S200FV
Applications Building Wire, Tray Cable,
Service Entrance
Building Wire, Tray Cable,
Service Entrance
Specification UL 44 UL 44
Wire Type RHW-2, RHW, RHH, XHHW-2,
XHH, XHHW, SIS RHW, RHH, RHW-2
Components
78% S1054A
22% SC5400-0002 RoHS
MB ALT FR
50% S1054A
50% SC5400-0003 RoHS
MB ALT FR
Features Horizontal Flame, DBDPE-free VW-1, DBDPE-free
General Properties
Specific Gravity (g/cm3) 1.01 1.31
Hardness Shore D, 10sec 47 48
Gel % 68 70
Tensile Properties
Tensile Strength (psi) 2800 3200
Elongation % 400 470
Tensile Retention % 95 100
Elongation Retention % 90 93
Electrical
Dielectric Strength (V/mil) 1000 1200
Dielectric Constant 2.31 2.61
Dissipation Factor % 0.0012 0.0043
Thermal
Temperature Rating °C 90 90
Heat Deformation % 10 5
TECHNICAL PROPERTIES
https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
Microsoft PowerPoint - AVNT Q2 2021 Earnings Presentation - Website
AVIENT CORPORATION
S E C O N D Q U A R T E R 2 0 2 1 R E S U LT S
(NYSE: AVNT)
J U LY 3 0 , 2 0 2 1
DISCLAIMER
2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Avient acquired the Clariant Masterbatch business (CMB) on July 1, 2020 (the “Acquisition Date”).
Clariant MB acquired July 1, 2020
COLORWORKS
INSPIRATION.
https://www.avient.com/idea/tier-1-auto-supplier-saves-supply-chain-expansion
Material supply interruptions are among the biggest threats to a noted Midwestern Tier 1 automotive supplier.
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-earnings-presentation_0.pdf
Microsoft PowerPoint - AVNT Q3 2021 Earnings Presentation - WEBSITE
AVIENT CORPORATION
T H I R D Q U A R T E R 2 0 2 1 R E S U LT S
(NYSE: AVNT)
O C T O B E R 2 8 , 2 0 2 1
DISCLAIMER
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Avient acquired the Clariant Color business on July 1, 2020 (the “Acquisition Date”).
This
innovation drives performance and is
reflective of consistent, strategic
investments in technology and people
Clariant Color business
acquired July 1, 2020
10
30
40
14
25
22
35
19
18
41
Current Additional share needed to reach 2025 target
BRAND OWNERS COMMITTED TO INCREASING
USE OF RECYCLED MATERIALS
8
Brand Owner 1
Brand Owner 3
Brand Owner 2
Brand Owner 7
Brand Owner 4
Brand Owner 10
Brand Owner 6
Brand Owner 11
Brand Owner 5
Brand Owner 8
Brand Owner 9
Brand Owner 12
Brand Owner 13
Percent recycled plastic used:
(examples and not exhaustive)
(1) Latest year reported.
https://www.avient.com/sites/default/files/2021-07/avnt-q2-2021-earnings-release.pdf
Eastern Time on July 30, 2021.
3
*Pro Forma
The company acquired the Clariant Masterbatch business (“CMB”) on July 1, 2020 (the
“Acquisition Date”).
To participate in the audio-only portion of the call, dial 1-844-835-
7433 (domestic) or 1-914-495-8589 (international) and provide conference ID number 2587092.
To access, dial 1-855-859-2056 (domestic) or 1-404-537-3406
(international) and provide conference ID number 2587092.
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-june-2021-w-non-gaap-recs_0.pdf
Avient acquired the Clariant Masterbatch business (CMB) on July 1, 2020 (the “Acquisition Date”).
Reduce Scope 1 & 2 greenhouse gas
emissions by 35%.
Operating Income
$3,783
$4,100
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Previous
Guidance
Current
Guidance
$3,783
$4,300
$308
$360
$308
$410
$1.93
$2.40
$1.93
$2.80
(1) (1)(1)
(1)(1) (1)
$442
$457
$560
$1.74
$1.93
$2.80
FULL YEAR 2019 – 2021 ORGANIC GROWTH
23
Sales Adjusted EBITDA
$3,981
$3,783
$4,300
+ 8%
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(1)(1)
+ 27% + 61%
24
BALANCE SHEET
• Deleveraging to 1.9x net debt to
adjusted EBITDA by the end of
2021
• Driven by record adjusted EBITDA
performance and strong free cash
flow generation from asset light
business
• Future cash deployment: M&A,
opportunistic share repurchases
and balance sheet / continued
leverage reduction
3.5x
2.7x
1.9x
Net Debt / Adjusted EBITDA
($ in millions)
2021E Adjusted EBITDA 560$
Free Cash Flow 275$
Total Debt 1,860
Less: Cash (800)
Net Debt 1,060$
2021E Net Debt / Adjusted EBITDA 1.9x
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
PEER COMPARISONS
25
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
https://www.avient.com/sites/default/files/2021-05/avnt-first-quarter-2021-earnings-presentation.pdf
Avient acquired the Clariant Masterbatch business (CMB) on July 1, 2020 (the “Acquisition Date”).
Operating Income
$3,783
$4,100
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Previous
Guidance
Current
Guidance
$3,783
$4,300
$308
$360
$308
$410
$1.93
$2.40
$1.93
$2.80
(1) (1)(1)
(1)(1) (1)
12
BALANCE SHEET
• Deleveraging to 1.9x net debt to
adjusted EBITDA by the end of
2021
• Driven by record adjusted EBITDA
performance and strong free cash
flow generation from asset light
business
• Future cash deployment: M&A,
opportunistic share repurchases
and balance sheet / continued
leverage reduction
3.5x
2.7x
1.9x
Net Debt / Adjusted EBITDA
($ in millions)
2021E Adjusted EBITDA 560$
Free Cash Flow 275$
Total Debt 1,860
Less: Cash (800)
Net Debt 1,060$
2021E Net Debt / Adjusted EBITDA 1.9x
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
SUSTAINABILITY
• Most recent Sustainability report substantially expanded disclosure on
key environmental and social topics
Reduce Scope 1 & 2 greenhouse gas
emissions by 35%.
https://www.avient.com/sites/default/files/2021-04/avient-q4-earnings-and-2021-outlook-website.pdf
Microsoft PowerPoint - Avient Q4 Earnings and 2021 Outlook PRINT
AVIENT CORPORATION
F O U R T H Q U A R T E R 2 0 2 0 R E S U L T S
A N D 2 0 2 1 F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
F E B R U A R Y 9 , 2 0 2 1
DISCLAIMER
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Our free cash flow supports
shareholder value creation through
investing in R&D for organic growth,
completing bolt-on acquisitions, and
returning cash to shareholders via our
dividend program and opportunistic
share repurchases.
23 1.
Avient acquired the Clariant Masterbatch business (CMB) on July 1, 2020 (the “Acquisition Date”).
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-news-release.pdf
Webcast Details
The webcast can be viewed live at avient.com/investors, or by clicking here: https://edge.media-
server.com/mmc/p/yrq7mgm9.To participate in the audio-only portion of the call, dial 1-844-835-
7433 (domestic) or 1-914-495-8589 (international) and provide conference ID number 7899765.
To access, dial 1-855-859-2056 (domestic) or 1-404-537-3406
(international) and provide conference ID number 7899765.
Reconciliation of Pro Forma Adjusted Earnings per Share:
Nine Months Ended
September 30, 2020
Year Ended
December 31, 2020
Net income from continuing operations attributable to Avient shareholders $ 57.8 $ 132.0
Special items, after tax 42.0 24.8
Adjusted net income from continuing operations excluding special items 99.8 156.8
Clariant MB pro forma adjustments to net income from continuing operations(2) 20.7 20.7
Pro forma adjusted net income from continuing operations attributable to Avient
shareholders $ 120.5 $ 177.5
Weighted average diluted shares 90.7 90.6
Pro forma impact to diluted shares from January 2020 equity offering(2) 2.9 1.5
Pro forma weighted average diluted shares 93.6 92.1
Adjusted EPS - excluding special items pro forma for Clariant MB acquisition $ 1.29 $ 1.93
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
15
Nine Months Ended
September 30, 2020
Reconciliation of Pro Forma Adjusted
Earnings per Share: Avient
Special
Items
Adjusted
Avient
Clariant MB
Pro Forma
Adjustments(2)
Pro Forma
Adjusted
Avient
Sales $ 2,245.1 $ — $ 2,245.1 $ 540.5 $ 2,785.6
Operating income $ 124.3 $ 59.1 $ 183.4 $ 45.0 $ 228.4
Interest expense, net (55.3) — (55.3) (18.1) (73.4)
Pension settlement gain and mark-to-market
adjustment — (6.9) (6.9) — (6.9)
Other income, net 12.6 0.3 12.9 — 12.9
Income taxes (22.5) (10.5) (33.0) (6.2) (39.2)
Net income attributable to noncontrolling
interests (1.3) — (1.3) — (1.3)
Net income from continuing operations
attributable to Avient shareholders $ 57.8 $ 42.0 $ 99.8 $ 20.7 $ 120.5
Weighted average diluted shares 90.7
Impact to diluted shares from January 2020 equity offering 2.9
Pro forma weighted average diluted shares 93.6
Pro forma adjusted EPS $ 1.29
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
16
Reconciliation of EBITDA by Segment Three Months Ended
September 30,
Nine Months Ended
September 30,
2021 2020 2021 2020
Operating income:
Color, Additives and Inks $ 66.8 $ 50.5 $ 241.9 $ 123.3
Specialty Engineered Materials 31.7 24.7 103.2 64.0
Distribution 23.8 17.5 71.5 51.5
Corporate and eliminations (43.6) (59.2) (109.4) (114.5)
Operating income $ 78.7 $ 33.5 $ 307.2 $ 124.3
Items below OI in Corporate:
Other income, net $ 1.4 $ 1.5 $ 4.1 $ 12.6
Depreciation & amortization:
Color, Additives and Inks $ 26.6 $ 26.3 $ 79.2 $ 48.0
Specialty Engineered Materials 7.9 7.5 23.8 22.7
Distribution 0.2 0.2 0.6 0.4
Corporate and eliminations 2.1 2.5 4.1 6.2
Depreciation & Amortization $ 36.8 $ 36.5 $ 107.7 $ 77.3
EBITDA:
Color, Additives and Inks $ 93.4 $ 76.8 $ 321.1 $ 171.3
Specialty Engineered Materials 39.6 32.2 127.0 86.7
Distribution 24.0 17.7 72.1 51.9
Corporate and eliminations (41.5) (56.7) (105.3) (108.3)
EBITDA $ 116.9 $ 71.5 $ 419.0 $ 214.2
EBITDA as a % of Sales:
Color, Additives and Inks 15.9 % 15.6 % 17.6 % 17.5 %
Specialty Engineered Materials 17.0 % 18.5 % 18.4 % 16.7 %
Distribution 5.5 % 6.4 % 6.0 % 6.4 %
17
Reconciliation of Pro Forma EBITDA - Color, Additives and Inks Nine Months Ended
September 30, 2020
Sales:
Color, Additives and Inks $ 977.1
Clariant MB pro forma adjustments(2) 540.5
Pro forma sales $ 1,517.6
Operating income:
Color, Additives and Inks $ 123.3
Clariant MB pro forma adjustments(2) 45.0
Pro forma operating income $ 168.3
Depreciation & amortization:
Color, Additives and Inks $ 48.0
Clariant MB pro forma adjustments(2) 30.1
Pro forma depreciation & amortization $ 78.1
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA):
Color, Additives and Inks $ 171.3
Clariant MB pro forma adjustments(2) 75.1
Pro forma EBITDA $ 246.4
Pro forma EBITDA as a % of Sales 16.2 %
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
Three Months Ended
September 30,
Nine Months Ended
September 30,
Reconciliation to EBITDA and Pro Forma Adjusted EBITDA: 2021 2020 2021 2020
Net income from continuing operations – GAAP $ 52.6 $ 2.6 $ 201.7 $ 59.1
Income tax expense 8.5 2.7 51.8 22.5
Interest expense 19.0 29.7 57.8 55.3
Depreciation and amortization from continuing operations 36.8 36.5 107.7 77.3
EBITDA $ 116.9 $ 71.5 $ 419.0 $ 214.2
Special items, before tax 19.9 50.0 36.5 62.0
Interest expense included in special items — (9.6) — (10.1)
Depreciation and amortization included in special items (0.9) (1.3) (0.1) (2.5)
Adjusted EBITDA $ 135.9 $ 110.6 $ 455.4 $ 263.6
Clariant MB pro forma adjustments(2) — — — 75.1
Pro forma adjusted EBITDA $ 135.9 $ 110.6 $ 455.4 $ 338.7
(2) Pro forma adjustments for the periods prior to the acquisition date (July 1, 2020) and to give effects to the financing for the acquisition
NEWS RELEASE
Attachment 1
https://www.avient.com/sites/default/files/2020-08/fiber-solutions-business-unit-overview-2020.pdf
• Attractive appearance to final product
• Long lasting color
ENVIRONMENTAL ADVANTAGES
• Environmental advantages
• Less production costs
• Lower carbon footprint
• Lower chemical usage
• Waste reduction
MAGIQ FIBER COLORANTS -
MASTERBATCH PORTFOLIO
BLACK
• Standard and special products with high
pigment concentrations and excellent
tinting strength
• MBs at lower concentrations designed
to meet specific customer needs
• Black MB tailored for special requirements, with
particular physical/rheological properties
• Optimal melt flow properties allow a good
mixture with the polymer matrix yielding
the best possible spinnability
Carriers: PET, PBT, PA 6, PA 66, others
• Continuous filament spinning, including
fine denier (POY, FDY, HOY, bi-component yarns)
• Spunbond
WHITE
• TiO2 white with excellent opacifying
or tinting strength
• Optical white MBs that improve the surface
whiteness and/or brightness of end products
• Optimal melt flow properties allow a good
mixture with the polymer matrix yielding
the best possible spinnability
• Full pigment dispersion ensures maximum CPF/
Spinning pack life
Rachatewa, Bangplee Samutprakarn,
Thailand, 10540
Phone: +66 232 791 00
Americas
The ColorMatrix Corporation
680 North Rocky River Drive
Berea, 44017 OH, USA
Phone: +1 216 622 0100
Innovation Center & Manufacturing Plant
2900 Shawnee Industrial Way
Suwanee, GA, United States, 30024
Phone: +1 770 271 5900
ColorMatrix do Brasil Indústria e
Comércio de Pigmentos e Aditivos Ltda.
13295-000 Itupeva, SP Brazil
Av.