https://www.avient.com/sites/default/files/2020-07/pvc-extrusion-processors-case-study.pdf
THE CHALLENGE PVC sheet and profile extrusion processors were looking for ways to hit lower density targets while maintaining a high-quality cell structure.
The lower the density that processors used, the more they conceded a high- quality cell structure.
THE IMPACT As tests and trials were conducted, it was shown that the Excelite dispersion interacted more intimately and consistently with PVC resin, essentially becoming part of the PVC resin matrix.
https://www.avient.com/sites/default/files/2020-08/composite-braces-case-study.pdf
They realized they might be able to shave off even more weight and improve performance by replacing the aluminum braces with a continuous-fiber composite if they could find a material with an exceptional strength- to-weight ratio, high flexural stiffness, good torsional rigidity, and superior fatigue strength.
THE IMPACT Finding ways to reduce weight is a high priority for vehicle manufacturers, because lighter weight corresponds to better fuel efficiency for gas-powered vehicles and more miles per charge for electric cars.
https://www.avient.com/services/innovation-centers
3D printing is having an impact on our world - learn how it can impact your business today
https://www.avient.com/products/vinyl-formulations/vinyl-plastisols-organosols/core-non-phthalate-plastisols
Impact
Use of non-phthalate plastisols helps manufacturers impacted by the CPSIA or other market demands
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-senseaction-custom-colorants-caps
Impact
Lower-haze PET packaging, less impact on recycle stream
https://www.avient.com/products/polymer-additives/barrier-and-scavenger-additives/colormatrix-amosorb-oxygen-scavenger-pet
Impact
Lower-haze PET packaging, less impact on recycle stream
https://www.avient.com/products/polymer-additives/barrier-and-scavenger-additives/colormatrix-aazure-acetaldehyde-control-technology-pet
Impact
Lower-haze PET packaging, less impact on recycle stream
https://www.avient.com/company/sustainability/sustainability-report/enabling-sustainability
Through our design expertise and material science, we can make a positive impact in applications in nearly every end market.
We rigorously assess the health, safety, and environmental impacts of our products across all stages of their life cycle.
https://www.avient.com/sites/default/files/2021-05/avnt-first-quarter-2021-earnings-presentation.pdf
Unless otherwise stated, Adjusted Operating Income, Adjusted EBITDA and Adjusted EPS figures included in this presentation exclude the impact of special items as defined in our quarterly earnings releases. $86 $123 2020PF 2021 $0.53 $0.89 2020PF 2021 Q1 2021 – ORGANIC PERFORMANCE (TOTAL COMPANY) 3 Sales Adjusted Operating Income $991 $1,162 2020PF 2021 + 17% Adjusted EPS + 43% + 68% (in millions) (in millions) (1) (1) (1) (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition Q1 2021 SEGMENT PERFORMANCE 4 CAI $536 $609 Sales ($ in millions) SEM Distribution $64 $89 Operating Income (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition +14% +39% $290 $363 Sales $19 $24 Operating Income +25% +26% (1) $185 $217 Sales $22 $34 Operating Income +17% +55% SPECIALTY EBITDA MARGIN EXPANSION 5 CAI (1) 2018-2020 financial information is pro forma to include a full year of Clariant Masterbatch business acquisition 15.3% 15.2% 16.2% 19.1% 2018 2019 2020 Q1 2021 14.8% 15.2% 17.6% 19.4% 2018 2019 2020 Q1 2021 (1) SEM • Continued portfolio transformation to high-growth end markets and sustainable solutions • Clariant Masterbatch synergy realization • Investments in composites and outdoor high performance applications drive growth and mix improvements CAI EBITDA MARGIN EXPANSION 6 Legacy CAI 18.9% 18.9% 21.0% 2019 2020 Q1 2021 Legacy Clariant MB 11.9% 13.8% 17.4% 2019 2020 Q1 2021 • Early synergy capture translating to the bottom line • Positive mix with growth in healthcare, consumer and packaging end-markets • World-class vitality index of 36% represents sales from products introduced in the last five years.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA Median: 84% Median: 77% HIGH FREE CASH FLOW CONVERSION Avient reflects 2021 estimated EBITDA of $560M and excludes one-time synergy capture CAPEX ($20M) Source: Peer data per Bloomberg market data as of April 27, 2021 87 89 87 86 82 81 76 88 87 84 82 81 78 77 77 77 76 73 70 69 50 19 A vi en t K W R P P G R P M A V Y F U L G C P F M C IF F H X L U N V R E C L A S H C E B N R F O E E M N G R A H U N K R A S C L A L B Source: Peer data per Bloomberg market data as of April 27, 2021 Total Enterprise Value / 2021E EBITDA Our current valuation with updated guidance implies an EBITDA multiple that is below specialty formulator peers and the majority of our chemical peers.
With the Clariant Masterbatch acquisition and divestment of the PP&S business, our exposure is now concentrated in less-cyclical and high-growth markets, with increased geographic diversification and a more specialized portfolio that can significantly expand EBITDA margins. 20 Avient reflects 2021 estimated EBITDA of $560M OUR VALUATION VERSUS PEERS Avient Specialty Formulators Other Chemical/Specialty Companies 10.2 17.7 16.0 14.9 14.6 11.6 11.1 26.7 24.0 22.8 14.3 12.7 11.5 11.2 11.1 11.0 10.3 10.1 9.5 9.4 8.3 7.0 A vi en t K W R A V Y R P M P P G G C P F U L A L B H X L E C L IF F F M C B N R A S H G R A F O E S C L E M N U N V R C E K R A H U N Median: 11.1xMedian: 14.8x SUMMARY: WHY INVEST IN AVIENT?
https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
The major types of thermoplastics include polyethylene, polypropylene, polystyrene, polyester and a range of specialized engineering resins.
We manage training and development through global programs and technology, to provide a consistent and high-quality experience for associates.
In addition, unfavorable foreign exchange rates had a 0.8% impact.