https://www.avient.com/sites/default/files/2021-09/avnt-seaport-conference-presentation.pdf
CO-CREATION. • ColorWorks innovation centers are specially designed to foster imagination and enable creative exploration of innovative solutions • Focus on customers’ sustainability initiatives through recyclability and post-consumer recycled materials for packaging applications • Supports 8-12% long-term revenue growth expectations across our sustainable solutions portfolio 14 2020 Pro forma $870 $69 Sustainable Solutions 66 37% 26 Healthcare 29 20% 7 Composites 12 36% 6 Growth in Asia / LATAM 47 39% 11 Other 190 48% 22 Sub-total $1,214 40% $141 COVID Response Applications (15) (8) FX Impact 36 4 Synergies 11 Incentives, Travel, Other Employee Costs (26) 2021 Actual $1,235 42% $122 Q2 2021 ORGANIC SALES AND OPERATING INCOME (TOTAL COMPANY) 15 (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition Sales Growth Rate Adjusted Operating Income$ millions (1) 16 Q2 2020PF Q2 2021 (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition (2) Financial information is presented on a constant currency basis (1,2) (44% of total revenue) (56% of total revenue) Q2 END MARKET SALES PERFORMANCE +26% +38% +46% +103% +51% +9% +7% +67% Energy Telecom Building & Construction Transportation Industrial Healthcare Packaging Consumer Q2 YEAR-OVER-YEAR EBITDA BRIDGE Q2 2020 Pro forma $ 106 Demand 69 17 Adjusted EBITDA$ millions • Demand impact driven by growth in sustainable solutions and consumer products • Price increases more than offset raw material and supply chain impacts (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition (1) CAI: Price / Mix 40 Inflation (32) SEM: Price / Mix 23 Inflation (18) Distribution: Price / Mix 81 Inflation (77) Net Price Benefit 17 Supply Chain Disruptions (14) COVID Response Applications (8) Synergies 11 Incentives, Travel, FX, Other (22) Q2 2021 Actual $ 159 Q1 2021 Actual $ 161 CAI: Price / Mix 32 Inflation (22) SEM: Price / Mix 15 Inflation (9) Distribution: Price / Mix 50 Inflation (48) Net Price Benefit 18 Supply Chain Disruptions (12) Demand / Seasonality (6) Other (2) Q2 2021 Actual $ 15918 Adjusted EBITDA$ millions • Price increases more than offset raw material and freight inflation impacts • Demand impact driven by Q2 seasonality for the business Q1 TO Q2 SEQUENTIAL EBITDA BRIDGE Q 3 AN D FU LL Y EA R 2021 O U TLO O K $74 $98 2020 2021E $0.46 $0.68 2020 2021E ORGANIC GROWTH PROJECTIONS – Q3 (TOTAL COMPANY) 20 Sales Adjusted Operating Income $925 $1,150 2020 2021E + 24% Adjusted EPS + 32% + 48% (in millions) (in millions) FULL YEAR GUIDANCE INCREASED 21 Sales Adj.
Whether an additional line at an existing manufacturing plant, or a new facility in a growing region, we ramp-up quickly and cost-efficiently. 29 Capex / Revenue 2021E (%) AVIENT IS ASSET LIGHT Avient Specialty Formulators Other Chemical/Specialty Companies 2 2 2 2 3 3 3 4 3 4 4 5 5 5 5 5 6 7 27 A vi e nt A vi e nt ( E xc l.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA Median: 81% Median: 78% HIGH FREE CASH FLOW CONVERSION Avient reflects 2021 estimated EBITDA of $580M and excludes one-time synergy capture CAPEX ($20M) Source: Peer data per Bloomberg market data as of July 28, 2021 87 90 86 82 80 78 73 87 82 82 79 79 78 78 77 76 71 67 46 A vi en t K W R P P G A V Y F U L R P M G C P F M C U N V R C E IF F A S H E C L B N R E M N H X L H U N K R A S C L A L B (6) Source: Peer data per Bloomberg market data as of July 28, 2021 Total Enterprise Value / 2021E EBITDA Our current valuation with updated guidance implies an EBITDA multiple that is below specialty formulator peers and the median of other selected chemical / specialty companies.
https://www.avient.com/sites/default/files/2024-03/Lawn Equipment Application Solutions_2.pdf
SENSORY EXPERIENCE Wear Resistance, Noise Reduction, Low Friction SOLUTION: Internally Lubricated Formulations, Thermoplastic Elastomers, Scratch and Mar Resistant Additives POSSIBILITIES: Gears, Gaskets, Hood Dampers, Seating Systems STRUCTURAL INTEGRITY High Stiffness-to-Weight Ratio, Metal Replacement, Part Consolidation SOLUTION: Long Fiber Reinforced Composites POSSIBILITIES: Seat Base, Brake Pedal, Frame, Floor Pan, Controls EXTREME PERFORMANCE Chemical & Fire Resistance, Extreme Temperature Performance, Thermal Management, Lightweighting SOLUTION: Engineered Nylon Formulations, Flame Retardant Polyolefin Formulations, Engineered Polyketone Formulations, Thermally Conductive Formulations, Chemical Foaming Agents POSSIBILITIES: Under-the-Hood Applications, Electrical Connectors, Battery Assembly Housings, Exterior Trim and Equipment THERMAL MANAGEMENT Heat Dissipation, Flexible Design SOLUTION: Thermally Conductive Formulations POSSIBILITIES: LED Lights, Heat Sinks AESTHETIC APPEAL Custom Color, Special Effects, Paint Replacement, Corrosion Resistance, UV Stability SOLUTION: Custom Pre-Colored Formulations, Pre-Colored High-Gloss Thermoplastics, Solid Color Masterbatches POSSIBILITIES: Body Panels, Pedals, Control Grips, Bezels, Brand Elements TACTILE EXPERIENCE Soft-Touch Feel, Durable, Wet Grip Performance, Color Customization, UV Stability, Ergonomic Design, Overmolding SOLUTION: Thermoplastic Elastomers, Combination Colorant and Additive Formulations, Fabric-Effect Colorants and Additives POSSIBILITIES: Steering Wheel, Switches, Knobs © 2024, All Rights Reserved Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012 https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/lubrione-internally-lubricated-formulations https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/lubrione-internally-lubricated-formulations https://www.avient.com/products/thermoplastic-elastomers/tpe-knowledge-center https://www.avient.com/products/thermoplastic-elastomers/tpe-knowledge-center https://www.avient.com/products/polymer-additives/visual-enhancement-effects/cesa-scratch-mar-resistance-additives https://www.avient.com/products/polymer-additives/visual-enhancement-effects/cesa-scratch-mar-resistance-additives https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/complet-long-fiber-reinforced-structural-thermoplastics https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/complet-long-fiber-reinforced-structural-thermoplastics https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-fr-flame-retardant-polyolefin-formulations https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-fr-flame-retardant-polyolefin-formulations https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/edgetek-pke-polyketone-formulations https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/therma-tech-thermally-conductive-formulations https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/therma-tech-thermally-conductive-formulations https://www.avient.com/products/polymer-additives/foaming-agents/hydrocerol-chemical-foaming-agents https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/therma-tech-thermally-conductive-formulations https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/therma-tech-thermally-conductive-formulations https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/custom-pre-colored-specialty-engineered-formulations https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/artisan-pre-colored-thermoplastics-premium-finishes https://www.avient.com/products/polymer-colorants/solid-color-masterbatches https://www.avient.com/products/thermoplastic-elastomers/tpe-knowledge-center https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches/smartbatch-combination-colorants-additives https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches/smartbatch-fabric-fx