https://www.avient.com/sites/default/files/2022-03/AVNT Mar 2022 Presentation.pdf
Microsoft PowerPoint - AVNT Mar 2022 Presentation
AVIENT CORPORATION
I N V E S T O R M E E T I N G S
(NYSE: AVNT)
M A R C H 2 0 2 2
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.
Purchase price multiple rapidly declining on strength of
business and synergy capture
14
$133
$205
2019PF 2021
14
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
11.9%
16.2%
2019PF 2021
EBITDA Margins
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
(1) Financial information is pro forma to include a full year of Clariant Color business
($ millions)
Initial
Synergy
Estimate
2021
Synergy
Realization
Total
Synergies
Expected
Administrative $ 18 $ 29 $ 40
Sourcing 24 20 24
Operational 18 5 21
Total Synergies $ 60 $ 54 $ 85
CLARIANT COLOR INTEGRATION &
COST SYNERGIES UPDATE
15
• Integration going extremely well: synergy target increased to $85 million at December 9th Investor Day
• Relentless focus on guiding principles of safety first, employee collaboration and exceeding customer expectations
• Future revenue synergies are not part of these estimates and represent additional growth over the long term
SUSTAINABILITY FOR A BETTER TOMORROW
• Revenue from sustainable solutions grew
16% in 2021 and expected to grow 8-12% in
2022 as our innovation efforts and
collaboration with customers accelerates
• Investments centered around innovation and
global sustainability megatrends
o Enabling a circular economy –
Technologies that allow for increased use of
post-consumer recycled (PCR) material and
improve recyclability of plastics
o Light-weighting – Composites and CAI
applications to reduce weight and material
requirements, which minimize energy and
carbon emissions
o Eco-Conscious – Health and human safety
applications as well as Avient’s alternative
materials to replace lead, PVC, halogens,
BPA and other less eco-friendly options
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
2016 2017 2018 2019 2020PF** 2021
$405M
$455M
$550M
$790M
Revenue From Sustainable Solutions* 2016-2021
$915M
$340M
PEOPLE
C U L T U R E I S E V E R Y T H I N G
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $16 million
raised since 2010
Diversity & Inclusion
17
Q4 2020 $997 $80
Sustainable Solutions 23 12% 8
Healthcare 53 43% 9
Composites 7 22% 2
Growth in Asia / LATAM 14 10% 3
Other 118 23% 2
Sub-total $1,212 22% $104
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (10) (13)
Q4 2021 $1,202 21% $85
Q4 2021 SALES AND OPERATING INCOME
18
Sales Growth Rate
Operating
Income$ millions
EBITDA
Q4 EBITDA BRIDGE
19
Price increases more than
offsets raw material and
supply chain impacts
Q4 2020 $ 118
Demand -
$ millions
CAI:
Price / Mix 62
Inflation (45)
SEM:
Price / Mix 25
Inflation (20)
Distribution:
Price / Mix 114
Inflation (109)
Net Price Benefit 27
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (13)
Q4 2021 $ 126
Transportation (5)$
Outdoor High Performance (3)
Other 8
Total Demand -
Q4 2021 SEGMENT PERFORMANCE
20
$526
$581
SEM Distribution
$58
$61
+ 11% + 6%
$305
$425
$18
$22
+ 39% + 22%
$191
$228
$30
$29
+ 19% - 3%
2022 O U TLO O K
REVENUE GROWTH DRIVERS
Growth Drivers
Long-Term
Growth Rate
2022E
Growth Rate
Sustainable Solutions 8–12% 12%
Healthcare 8–10% 10%
Composites 10% 3%
Asia / LATAM 5% 6%
Other (GDP growth) 2–3% 2–3%
Avient 6.5% 6%
22
Excluding Outdoor High Performance 13%
(7.5% excl.
APPENDIX
Performance
Additives
15%
Pigments
TiO2
Dyestuffs
3%Polyethylene
Nylon
6%
Polypropylene
Other Raw
Materials
30%
Styrenic Block
Copolymer
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
35
• Significant raw material price inflation
and tight inventory continued in Q4 2021
o For the full year, the average cost of
hydrocarbon based materials was up
50% in 2021
o For the full year, the average cost of non-
hydrocarbon based materials was up
12% in 2021
• Additionally, we continued to experience
other supply chain challenges during Q4
related to raw material spot purchases,
freight constraints and productivity loss
as a result of these shortages
Annual Purchases
RAW MATERIAL AND SUPPLY CHAIN UPDATE
Based on 2021 purchases, excludes Distribution business
SEGMENT DATA
U.S. & Canada
50%
Latin America
9%
2021 SEGMENT, END MARKET AND GEOGRAPHY
37
GEOGRAPHY REVENUESEGMENT FINANCIALS
23%
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
15%
34%
21%
Building &
9%
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%
21%
Latin America
END MARKET REGION
38
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%
20%
REGION
39
DI S TR IBU T I ON
26%
23%
20%
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
40
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)
41
19%
Building &
US &
Canada
(50% of sales)
38%
33%
Building &
LATAM
(9% of sales)
https://www.avient.com/sites/default/files/resources/Terms%2520and%2520Conditions%2520of%2520Sale%2520for%2520Hungary.pdf
The issuance
of orders by Buyer implies full acceptance of these
Terms and Conditions which shall prevail over
Buyer's terms and conditions in the event they
contradict or deviate from these Terms and
Conditions.
2.
A
Vevő rendeléseinek leadása együtt jár jelen Általános
Szerződési Feltételek teljes elfogadásával, amelyek a
Vevő szerződési feltételeit megelőzve is
érvényesülnek, amennyiben azok ellentétesek vagy
eltérnek a jelen Általános Szerződési Feltételektől.
2.
Eladó jogosult egy adott Termékmennyiséget
mennyiségi eltéréssel szállítani, ami a Vevő által
megrendelt mennyiségektől függően változhat, az
alábbiak szerint: (1) 50-99 kg között +/- 25 %; (2)
100-249 kg között +/- 15 %; (3) 250-499 kg között +/-
10 %; (4) 500 kg felett +/- 5 %.
https://www.avient.com/sites/default/files/2020-03/2020proxy.pdf
Eastern Time
Record Date
Voting Matters and Vote Recommendations
Proposals For Your Vote Board Recommendation
1
2
3
4
Lisa K.
Wulfsohn Qualifications, Attributes, Skills and Experience:
ADVISORY VOTE
PROPOSAL 2 — ADVISORY VOTE TO APPROVE NAMED
EXECUTIVE OFFICER COMPENSATION
Objective How Our Executive Compensation Program Achieves this Objective
Our Board recommends a vote FOR this Proposal to
approve, on an advisory basis, our Named Executive Officer compensation.
Purpose.
2.
https://www.avient.com/sites/default/files/resources/Overmolding_of_Thermoplastic_Elastomers_Engineered_solutions_for_consumer_product_differentiation.pdf
Figure 2.
Styrenic block copolymers
2.
Holden, “Application of Thermoplastic Elastomers”, 573, Thermoplastic Elastomers, 2nd edition, 1996
2.
https://www.avient.com/sites/default/files/2020-09/surround-processing-guide-2020.pdf
TEMPERATURE
Material Rear
Center
Front
Nozzle
Melt
Mold
Nylon 6,6
540–570
530–560
530–560
540–570
540–570
200–300
(90–150)
Nylon 6,6
30% SS
540–570
530–560
530–560
540–570
540–570
200–300
(90–150)
PBT
510–410
(265–280)
490–540
(255–280)
480–530
480–530
480–530
150–250
(65–120)
PC
14% NiCF
540–570
540–570
530–560
530–560
530–560
150–250
(65–120)
ABS
470–520
460–520
460–520
460–530
(240–275)
460–530
(240–275)
100–200
(40–90)
PP
440–480
(225–250)
440–480
(225–250)
430–470
(220–245)
420–460
(215–240)
420–460
(215–240)
125–175
(50–80)
DRYING
Material Temperature
°F (°C) Time Minimum
Moisture
Maximum
Moisture
Nylon 6,6
14% NiCF 180 (80) 4–5 hours 0.05% 0.20%
Nylon 6,6
30% SS 180 (80) 4–5 hours 0.05% 0.20%
PBT
14% NiCF 250 (120) 6-8 hours 0.02% 0.03%
PC
14% NiCF 250 (120) 3–4 hours 0.02% 0.02%
ABS
14% NiCF 200 (90) 2–4 hours 0.05% 0.10%
PP
14% NiCF 180 (80) 2–4 hours 0.20% 0.30%
Equipment
• Feed throats smaller than 2.5" may cause bridging due to pellet size
- Larger feed throats will be more advantageous with long fiber EMI shielding resins
• General purpose metering screw is recommended
- Mixing/barrier screws are not recommended
• L/D ratio
- 18:1–20:1 (40% feed, 40% transition, 20% metering)
• Low compression ratio
- 2:1–3:1
• Deep flights recommended
- Metering zone 3.5 mm
- Feed zone 7.5 mm
• Check ring
- Three-piece, free-flowing check ring
• General purpose nozzle (large nozzle tips are recommended)
- Minimum orifice diameter of 7/32"
- Tapered nozzles are not recommended for long fiber EMI shielding resins
• Clamp tonnage:
- 2.5–5 tons/in2
Gates
• Large, free-flow gating recommended
- 0.25" x 0.125" land length
- 0.5" gate depth
Runners
• Full round gate design
• No sharp corners
• Minimum of 0.25" diameter
• Hot runners can be used
PROCESSING
Screw Speed Slower screw speeds are recommended to protect fiber length
Back Pressure Lower back pressure is recommended to protect fiber length
Pack Pressure 60–80% of max injection pressure
Hold Pressure 40–60% of max injection pressure
Cool Time 10–30 seconds (depends on part geometry and dimensional stability)
PROCESS CONSIDERATIONS
Recommended – retain fiber length (maximize conductivity)
• Low shear process
• Low screw speed and screw RPM
• Slow Injection speed
• Fill to 99–100% on first stage of injection
- Reduces potential nesting of fibers at gate location
- Improves mechanical performance near gate location
- Promotes ideal fiber orientation
Resin Rich Surface
• Achieved when using a hot mold temperature and longer cure times
≥ Max mold temperature recommendation
• Improved surface aesthetic
• Reduced surface conductivity
• Could reduce attenuation performance in an assembly
Fiber Rich Surface
• Achieved when using a cold mold temperature and shorter cure times
≤ Minimum mold temperature recommendation
• Improved surface aesthetic
• Reduced surface conductivity
• Could improve attenuation performance in an assembly
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2023-02/turkisk-entity-legal-information-en-tu.pdf
İNTERNET SİTESİ İÇERİĞİ
POLYONE TEKNO POLİMER MÜHENDİSLİK PLASTİKLERİ SANAYİ VE TİCARET
ANONİM ŞİRKETİ
Şirket Bilgileri (Yönlendirilmiş Mesaj)
No İçerik Detay
1 Ticaret Unvanı Polyone Tekno Polimer
Mühendislik Plastikleri Sanayi
ve Ticaret Anonim Şirketi
2 MERSİS Numarası 0836003561100014
3 Merkezi Orhan Gazi Mah.1683 Sk.
No Content Detail
1 MERSIS number of the Company 0836003561100014
2 Title of the Company Polyone Tekno Polimer
Mühendislik Plastikleri Sanayi
ve Ticaret Anonim Şirketi
3 Registered office of the Company Orhan Gazi Mah.1683 Sk.
https://www.avient.com/sites/default/files/resources/AquaMix-_Fact_Sheet__72831-B_%25281%2529.pdf
Accelerator Dispersions
DPG Aquamix 165 50 1, 3 Diphenylguanidine
DPTT (DPTH) Aquamix 122 50 Dipentamethylenethiuram Hexasulfide
MBT Aquamix 305 50 2-mercaptobenzothiazole
MBTS Aquamix 111 50 Benzothiazyldisulfide
TETD Aquamix 181 50 Tetraethylthiuram Disulfide
TMTD Aquamix 121 55 Tetramethylthiuram Disulfide
TMTM Aquamix 179 50 Tetramethylthiuram Monosulfide
ZBEC Aquamix 167 40 Zinc Dibenzyldithiocarbamate
ZDBC Aquamix 129 50 Zinc Dibutyldithiocarbamate
ZDEC Aquamix 130 50 Zinc Diethyldithiocarbamate
ZDMC Aquamix 131 50 Zinc Dimethyldithiocarbamate
ZMBT Aquamix 128 50 Zinc 2-mercaptobenzothiazole
Aq
uam
ix ™
D
ispersio
ns
&
Em
ulsio
ns
AMERICAS
PolyOne Corporation
Polymer Coating Systems
1675 Navarre Rd.
Massillon, OH 44646
Phone: 1.330.834.3820
Fax: 1.330.837.8467
EUROPE
PolyOne Belgium SA
Rue Melville Wilson 2
5330 Assesse
Belgium
Phone: +32 (0) 83 660 271
E-mail: info.color@polyone.com
ASIA
PolyOne Shanghai China
No. 88, GuoShouJing Road
Z.J.
Massillon, OH 44646
Phone: 1.330.834.3820
Fax: 1.330.837.8467
EUROPE
PolyOne Belgium SA
Rue Melville Wilson 2
5330 Assesse
Belgium
Phone: +32 (0) 83 660 271
E-mail: info.color@polyone.com
ASIA
PolyOne Shanghai China
No. 88, GuoShouJing Road
Z.J.
https://www.avient.com/sites/default/files/2024-05/3b - Corporate Governance Guidelines.Draft Feb. 2024.v1.2.Revised.4-16-24.Final_.pdf
Has an immediate family member who is a current partner of the Company’s internal
or external auditor, or who is a current employee of the Company’s internal or
external auditor and personally works on the Company’s audit;
2
E.
All such actions, interpretations and
determinations that are done or made by the Board in good faith will be final, conclusive
and binding.
2.
Qualification Standards; Composition of the Board
Director Independence; Categorical Independence Standards
Qualification Criteria
Conflicts of Interest
Service on Other Boards
Change in Director’s Employment
Retirement Policy
Policy of the Board of Directors Relating to Majority Voting
2.
https://www.avient.com/sites/default/files/2020-07/avient-abac-turkey-200721.pdf
2
Devlet Görevlilerine Rüşvet 2
Ticari Rüşvet 2
Kolaylaştırma Ödemeleri ve Komisyonlar 3
Temsilciler, Distribütörler ve Diğer Üçüncü Taraflarla Çalışmak 3
Durum Tespiti ve Onay Süreci 3
Uyarı İşaretleri 3
Muhasebe ve Kayıt Tutma Zorunlulukları 4
Olası İhlallerin Bildirilmesi 4
Avient Etik Yardım Hattı 4
Misillemeye Karşı Koruma 4
Hızlı Referans: ABAC YAPILACAKLAR VE YAPILMAYACAKLAR 5
1
Küresel Rüşvet ve Yolsuzluk Karşıtı
Politika
Avient dünyanın her yerinde tüm ticari faaliyetlerinde,
sahtecilik, rüşvet ve diğer yolsuzluk uygulamalarını
yasaklamıştır.
Bizim Sorumluluğumuz
Avient adına hareket eden tüm Avient yetkilileri,
çalışanları ve üçüncü taraflar bu Politikayı anlamaktan
ve bunlara uymaktan sorumludur ve her biri şu
yükümlülüklere sahiptir:
• Politikanın yürürlükte olan yönlerini bilmek ve bunları
astlarına aktarmak
• Belirli bir durumda Politikanın uygulanıp
uygulanmayacağı ya da herhangi bir eylemde
bulunup bulunulmayacağının açık olmaması
durumunda soru sormak
• Üçüncü taraflar aracılığıyla yürütülen ticari faaliyetleri
düzgün şekilde yönetmek ve izlemek
• Olası görevi kötüye kullanma belirtileri ya da
kanıtlarına karşı uyanık olmak
• Uygun olan kanallar aracılığıyla, ihlal ve şüphelenilen
ihlalleri derhal bildirmek
ABAC Yasaları, herhangi bir şirket veya kişinin, işi
sürdürmek veya garantiye almak veya başka bir uygunsuz
iş avantajı elde etmek için herhangi bir kişiye 2 değerli
bir şey teklif etmesini, vaat etmesini, ödemesini veya
ödemeye yetki vermesini yasa dışı hale getirir.
ABAC Yasalarına uymak için, Avient adına hareket eden
hiçbir çalışan veya üçüncü taraf, bu rüşvetin aşağıdaki
anlamlara geleceği herhangi bir biçimdeki hediye,
ağırlama veya değerli herhangi bir şeyi, doğrudan veya
dolaylı olarak, kimseye teklif etmemeli veya kimseden
almamalıdır:
• İş almak ya da mevcut işi elde tutmak
• İş kararlarını etki altına almak
• Adil olmayan bir avantaj sağlamak
2 Buna herhangi bir devlet memuru ve/veya özel sektör çalışanı dahildir
2
ABAC Yasaları geniş kapsamlıdır ve çok geniş bir şekilde
yorumlanabilir.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Investor%2520Presentation%2520Jefferies%25202013%2520Global%2520Industrial%2520Conference_Posting.pdf
Forward – Looking Statements
Page 2
• This presentation includes the use of both GAAP (generally accepted accounting
principles) and non-GAAP financial measures.
EPS: $2.50
Assumptions
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Completion of 2-3 midsize
accretive acquisitions
• Housing starts at 85% of 50 year
norm by 2015
• Mid single digit revenue CAGR
• Remain comfortably below 3X Net
Debt / EBITDA
Page 11
2012
Rev: $2.9B
Adj.
August 13 - Jefferies 2013 Investor Presentation non-GAAP v2 (2).pdf
Reconciliation to Condensed Consolidated Balance Sheets