https://www.avient.com/sites/default/files/2022-04/Avient Acquisition of Dyneema and Q1 2022 Results_0.pdf
Outdoor High Performance) 8 18% 3 Growth in Asia / LATAM 6 3% 2 Other 100 19% 5 Sub-total $1,327 14% $146 Outdoor High Performance Impact (5) (3) Wage Inflation and Overtime (11) Other Supply Chain Costs (4) Synergies 5 Incentives, Other Employee Costs 8 FX (28) (5) Q1 2022 $1,294 11% $136 Q1 2022 SALES AND OPERATING INCOME (TOTAL COMPANY) 6 Sales Growth Rate Adjusted Operating Income$ millions Adjusted EBITDA Q1 EBITDA BRIDGE 7 Price increases more than offset raw material and supply chain impacts Q1 2021 $ 161 Demand (23) $ millions CAI: Price / Mix 77 Inflation (54) SEM: Price / Mix 41 Inflation (26) Distribution: Price / Mix 84 Inflation (82) Net Price Benefit 40 Wage Inflation and Overtime (11) Other Supply Chain Costs (4) Synergies 5 Incentives, Other Employee Costs 8 FX (5) Q1 2022 $ 171 China Lockdowns / Russia Impact $ (7) Transportation (7) Outdoor High Performance (3) Q1 EPS BRIDGE 8 Q1 2021 - Adjusted EPS 0.89$ CAI 0.08 Specialty Engineered Materials 0.06 Distribution 0.00 Corporate Costs 0.02 F/X (0.04) Segment OI 0.12 Tax Rate (0.02) Q1 2022 - Adjusted EPS 0.99$ 10 15x stronger than steel Reduces weight by 30% vs. other solutions Well-maintained global asset base poised to serve growing demand • Purchase price of $1.48B represents 11.4x multiple of 2022 EBITDA • Acquisition will expand Avient’s composites and fiber portfolio with Dyneema®, the World’s Strongest Fiber™ • $415M sales and 30%+ EBITDA margins; Immediately accretive to pro forma 2022 EPS, adding $0.35 • 1,300 patents globally, ~50% of sales patent protected • 1,000+ employees across global production network and dedicated technology centers • Composites platform will increase from $261M to $680M in revenue and from $49M to $180M in EBITDA Indicates Dyneema® location $175M (42%) $65M (16%) $175M (42%) 2022E Sales By Region ($M) (1) $0.35 EPS excludes intangible amortization (2) Based on 2022 expected results (1) (2) (2) FIT WITH FOUR PILLAR STRATEGY 11 Specialization • Innovation-led organization with tremendous intellectual property value in trademarks, patents and “know-how” • Deep history of application development and premium, leading brand with the World’s Strongest FiberTM Globalization • Global customer base with an established presence across all major geographic regions • Global technology centers complement existing Composites applications and expertise Operational Excellence • Best-in-class safety performance • Well-run and maintained asset base fit to serve future growth • Highly effective and reliable supply chain with emphasis on optimizing service to customers Commercial Excellence • Deep customer relationships extend across the value chain and drive ability to grow • Offer a full suite of services with an active role in design, development and commercialization People Experienced and talented associates with a passion for safety, specialization and winning DYNEEMA® OVERVIEW K E Y I N D U S T R I E S PERSONAL PROTECTION Military • Law Enforcement • First Responders Body Armor • Helmets • Vehicle Protection $215M MARINE & SUSTAINABLE INFRASTRUCTURE Towing / Mooring • Aquaculture • Floating Wind • Offshore Cranes $130M CONSUMER Consumer • Outdoor High Performance • Safety Equipment $70M 12 Figures reflect 2022 expected sales MIFOverview Competition Valuechain & Go-to-market Strategy Innovation Financials TECHNOLOGY 13 1,200 1,300 2,500 Avient Dyneema Combined Patents • True specialty business – the World’s Strongest Fiber™ • Deep history of application development with customers, strongest in the industry • The only UHMwPE (ultra-high molecular weight polyethylene) fiber producer that is backward integrated o Provides innovation advantage through control of all steps of the process • Complementary with our existing reinforced film expertise (PolyStrand) and engineered fiber presences (Fiber-Line) WINNING PROPERTIES Ultra high strength vs. weight Highly flexible Floats on water Chemically inert; no smell/taste and non-toxic High resistance to UV radiation Self-lubricating, with low friction One-of-a-kind technology ® FORMULATION PROCESS 14 • Like Avient, Dyneema® offers similar core competencies around formulation and material science • Technology that combines polymers and fibers to provide specialized, high performing solutions for customers • Design capabilities ensure that applications are highly customized for the specified end use DYNEEMA® IN THE VALUE CHAIN 15 UHMwPE Fiber / Tapes Military Personnel, Law Enforcement Heavy Marine, Offshore Wind Energy and Mooring, Aquaculture Outdoor, Footwear, Apparel, Inflatables • Material Science • Formulation • Service INTERMEDIATE MANUFACTURING (CUSTOMERS) OEM / APPLICATION DEMAND TRENDS 16 • Military spending and near-term demand for higher performing personal protection products (like Dyneema®) expected to increase o European NATO members annual defense spend expected to increase by up to 20%(1) o Accelerated launch of next generation technology in North America • Policy-driven demand for sustainable energy; growth in floating offshore wind farms which require advanced, durable technology o Offshore wind expected to grow at a CAGR of 32% with the level of annual installations quadrupling over the next five years(2) • Continued investment in aquaculture as a sustainable food source(3) • Strong demand in outdoor high performance space across niche consumer applications aligns with 10% growth assumption for Avient’s Composites portfolio Sources: (1) “Funding NATO”, NATO.int (April 1, 2022) (2) “Global Wind Report 2021”, Global Wind Energy Council (3) “Aquaculture Supports a Sustainable Earth”, NOAA Fisheries 17 A L I G N M E N T W I T H S U S T A I N A B I L I T Y G O A L S PRODUCTS AVIENT’S EXISTING COMPOSITES PORTFOLIO D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G M A N U F A C T U R E R S A N D O E M S LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers 18 AVIENT’S COMPOSITES PORTFOLIO SALES AND EBITDA 19 $74 $84 $216 $212 $261 $5 $10 $32 $41 $49 $180 0 50 100 150 200 $- $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 $600 $650 $700 $750 2017 2018 2019 2020 2021 2022E $680 ($ in millions) • Dyneema® acquisition will further improve Composites EBITDA margins to 26% • Dyneema® will complement our existing portfolio with deep formulation expertise, innovative culture and global commercial presence • Composites will continue to be a key growth driver to deliver future revenue growth in excess of GDP (1) Pro forma for the acquisition of Dyneema® (1) DISTRIBUTION DIVESTITURE CONSIDERATIONS DISTRIBUTION HIGHLIGHTS 21 $21 $57 $69 $94 $105 0 50 100 150 2006 2011 2016 2021 2022E • Leading North American Distribution business with longstanding blue-chip supplier and customer relationships • Commercial excellence and regulatory knowledge have grown healthcare portfolio to over 25% of sales and positioned business for long-term growth • Highly specialized portfolio of engineered polymers along with sustainable solution offerings • Leading digital capabilities through Avient Now, allowing enhanced visibility and 24/7 interface with customers • 98% free cash flow conversion drives greater than 30% after-tax return on invested capital (ROIC) • Potential divestiture allows us to remain modestly leveraged with net debt to adjusted EBITDA expected to be 2.9x and positions us for further specialty growth in the future EBITDA (in $M) DYNEEMA® TRANSACTION OVERVIEW 22 - $1.48B net purchase price - Represents 11.4x expected 2022 EBITDA - Committed financing in place - Permanent financing to be combination of available cash on-hand, new Senior Unsecured Notes, new Senior Secured Term Loan - Potential proceeds from Distribution divestment could be used to pay down near-term maturing debt - Closing expected in second half of 2022, subject to regulatory approvals and certain customary closing conditions Transaction Value Financing Closing Conditions / Timing CAPITAL STRUCTURE / LEVERAGE 23 • Financing commitments secured from Morgan Stanley and J.P.
As presented in previous slides, this presents potential benefits with respect to leverage and EBITDA margins Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except for per share data) Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special items, to assess performance and facilitate comparability of results.
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=45
Safety Data Sheets
Safety Data Sheets
Stan-Tone™ HCC - Product Bulletin
https://www.avient.com/investor-center/news/avient-announces-fourth-quarter-and-full-year-2020-results-and-provides-guidance-2021
In millions, except per share data)
In millions, except per share data)
Condensed Consolidated Balance Sheets (Unaudited)
https://www.avient.com/sites/default/files/2021-06/chemical-resistance-technical-bulletin.pdf
This procedure was completed by placing one 1/2 inch section of rayon gauze at the apex of each bar, and soaking the gauze with the disinfectant to saturate the material.
https://www.avient.com/sites/default/files/2023-01/Disinfectant Resistant Trilliant and Versaflex HC Materials Program Bulletin_0.pdf
This procedure was completed by placing one 1/2 inch section of rayon gauze at the apex of each bar, and soaking the gauze with the disinfectant to saturate the material.
https://www.avient.com/sites/default/files/2022-09/Smartbatch Blow Molding Brochure.pdf
By combining custom color concentrates with performance additives, Smartbatch formulations blend design and function in one masterbatch solution.
https://www.avient.com/sites/default/files/2020-10/edgetek-peek-product-selection-guide.pdf
EDGETEK™ POLYETHERETHERKETONE (PEEK) HIGH PERFORMING MELT-PROCESSABLE POLYMER PRODUCT SELECTION GUIDE Edgetek™ Polyetheretherketone (PEEK) HIGH PERFORMING MELT-PROCESSABLE POLYMER PROPERTY CONDITIONS TEST METHOD UNITS EDGETEK™ ET9800-0001 EM EDGETEK™ ET9800-0002 RS EDGETEK™ ET9800-0003 RS EDGETEK™ ET9800-0004 RS EC LUBRIONE™ LB9800-0001 AR PHYSICAL Mold Shrinkage - Transverse – ASTM D955 in/in 0.014 0.010 0.011 0.009 0.014 MECHANICAL Tensile Strength - Yield – ASTM D638 PSI 14425 15640 23680 36500 19700 Tensile Elongation - Yield – ASTM D638 % 5.4 3.0 2.2 1.5 0.2 Tensile Elongation - Break – ASTM D638 % 19.5 3.1 2.2 1.5 1.9 Tensile Modulus – ASTM D638 PSI 555150 827700 1591300 5301000 2285600 Flexural Modulus – ASTM D790 PSI 529300 690700 1418300 3084300 1443400 Flexural Strength – ASTM D790 PSI 23500 27300 36000 52100 30300 IMPACT Izod, Notched – ASTM D256 ft-lbs/in 1.0 0.7 1.1 1.3 0.6 Izod, Unnotched – ASTM D256 ft-lbs/in N.B. 13.1 15.3 13.8 5.0 THERMAL Melting Point – – °C 343 343 343 343 343 Glass Transition (DSC) – – °C 143 143 143 143 143 Heat Deflection Temp 264 psi, Unannealed ASTM D648 °C 151 178 320 325 > 300 CLTE, Flow Direction 23°C to 140°C ASTM E831 cm/cm/°C 4.0E-05 5.5E-05 2.2E-05 7.0E-06 1.9E-05 CLTE, Flow Direction 140°C to 250°C ASTM E831 cm/cm/°C 9.7E-05 7.8E-05 2.3E-05 6.5E-06 2.2E-05 Polyetheretherketone (PEEK) is widely considered to be one of the highest performing melt-processable polymers in the industry.
https://www.avient.com/sites/default/files/2020-08/colormatrix-amosorb-low-haze-product-bulletin-8.5x11.pdf
Our testing shows that ColorMatrix Amosorb 4020G is one of the most robust oxygen scavengers for PET rigid containers, with negligible effect on oxygen scavenging efficacy for the rPET grade tested, while other competitive materials lost almost all efficacy with rPET content as low as 20%.
https://www.avient.com/sites/default/files/2020-08/bottle-optimization-brochure-8.5x11.pdf
FDA approved materials • European regulations and directives 4 • Mercosur (S.A.) region regulations • GB (China) national standards • Avient No Surprises PledgeSM To consult with one of our experts, contact us at +1.844.4AVIENT or submit your request at Connect Now. www.avient.com Take advantage of our breadth of polymer solutions, along with our design capabilities and industry expertise, on your path to bottle optimization.
https://www.avient.com/sites/default/files/2025-06/LFT Brackets Application Bulletin.pdf
Weight Reduction • LFT has lower density vs. metal, but still meets structural performance requirements • Lightweighting helps meet sustainability goals related to lower fuel consumption and extended vehicle range Design Flexibility • Injection molding allows for complex geometries and part consolidation • Advanced modeling and computer-aided engineering (CAE) tools for long fiber composites help validate and optimize part design APPLICATION BULLETIN COMPARING PRODUCTION COST DRIVERS Cast Metal Stamped Metal Long Fiber Composite Material typically used Aluminum Steel Various base resins based on environmental conditions Casting X Stamping X Injection Molding X Machining X Not typically needed as LFT is a one-step process Drilling X Welding X Surface Treatments X X po st -p ro ce ss pr oc es s MATERIAL CHARACTERISTICS Characteristic Long Fiber Composite Aluminum Steel Specific Gravity (g/cc) 1.03–1.71 2.76 7.8–7.9 Specific Strength (Strength-to-Weight ratio) Excellent Good Poor Stiffness Fair Good Excellent Toughness/Fatigue Excellent Fair Fair Creep Good Excellent Excellent Corrosion Resistance Excellent Good Poor Temperature Range Performance Good Excellent Excellent Cycle Time Excellent Good Poor Design Freedom (i.e., complex geometry, part consolidation) Excellent Fair Fair Raw Material Cost Poor Good Fair Total Production Cost Good Fair Fair pr od uc ti on pe rf or m an ce Avient offers a range of customizable long fiber reinforced structural material solutions and design support for your metal-to-plastic conversion projects. • Complēt™ long glass, long carbon, and hybrid fiber solutions available in a wide array of engineering polymer matrices, including PA66, PA6, ETPU, PPA, PPS, PES, PEI, PK, and PEEK • OnForce™ long glass fiber reinforced polypropylenes • Full suite of design and engineering services that include structural design and fiber orientation consultations and modeling, CAE analysis, prototyping, and more STRENGTH-TO-WEIGHT RATIO OF LFT VS METALS m eg ap as ca l gram /cubic centim eter 250 200 150 100 50 0 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00 Zam ak 3 Stainless Steel 304 Titanium #2 Com plēt LCF40-PP Com plēt LGF60-TPU OnForce LGF50-PP Alum inum A380 M agnesium AZ91D Com plēt LCF50-PA66 Com plēt LGF60-PA66 Com plēt LCF50-TPU Specific Strength Density Metal Long Glass Fiber Long Carbon Fiber 1.844.4AVIENT www.avient.com Copyright © 2025, Avient Corporation.