https://www.avient.com/sites/default/files/2023-06/2023 Advanced Composites Automotive Overview.pdf
Avient also offers custom
configurations including fiber concentration,
additives, and colors based on our customers’
requirements.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Investor%2520Day%2520Presentation%2520NonGAAP%2520Reconciliation%2520-%2520May%252016%252C%25202012.pdf
Senior management uses pre-special gross margin, adjusted operating income, adjusted EPS and
working capital to assess performance and allocate resources because senior management believes that these measures are
useful in understanding current profitability levels and that current levels may serve as a base for future performance.
https://www.avient.com/sites/default/files/2023-08/QRG for suppliers on invoicing%5B50%5D.pdf
For more information, see the invoice status
list below
PO # PO number generated by Coupa for the order on which the invoice is
based.
https://www.avient.com/sites/default/files/2023-04/Advanced simulation captures part performance for fibre reinforced thermoplastics_Case_Study.pdf
Digimat for long fibre reinforced
materials
Advanced simulation captures part performance
for fibre reinforced thermoplastics
Comparing the results of isotropic material data to anisotropic
material data
Case study
https://hexagon.com/
Figure 2: Digimat material model workflow when coupled with an FEA solver
Manufacturing Intelligence hexagonmi.com2
Solution
Avient leveraged Digimat to reverse-engineer material
data based on the microstructure, tensile test data,
and micro-mechanical modelling.
https://www.avient.com/sites/default/files/2020-09/versaflex-pf-technical-bulletin-sept-2020.pdf
BENEFITS OF VERSAFLEX PF FOR
SURFACE PROTECTIVE FILMS:
• Customizable tack
• Single-step manufacturing process (co-
extrusion)
• Low volatile organic compound (VOC)
emissions during manufacturing
• Eliminates secondary coating and drying
operations
• Eliminates hazardous liquid chemicals
compared to solvent systems
• Reduces converting costs versus coating
• Reduces energy consumption
MARKETS AND APPLICATIONS
Versaflex PF formulations, customizable
based on desired level of tack, are co-extruded
with protective films to provide just the right
amount of protection during the fabrication,
assembly, shipment, storage and installation of
finished goods in many industries and end-use
applications including:
• Optical films and display panels for consumer
electronics
• Home appliances
• Construction and building materials
• Furniture and cabinetry
• Automotive and other transportation
100/0 90/10 80/20 70/30 60/40 40/60 30/70 20/80 10/90 0/100
0.9
1.1
2.0
2.4
2.8
3.7
3.8
4.9
0
1
2
3
4
5
6
7
8
6.5
1.6
MD6727
MD6748
MD6700
MD6666
9512
MD6649
MD6741
0
2
4
6
8
10
12
% of MD6741/MD6700
Degree of tack can be customized for substrate surfaces.
https://www.avient.com/sites/default/files/2023-06/Supplier Code of Conduct FV.pdf
Treat employees with respect and refrain from
harassing or discriminating against individuals based
on race, sex, sexual orientation, gender identity, age,
color, religion, national origin, disability, genetic
information, protected veteran’s status, or other
legally protected classifications
https://www.avient.com/sites/default/files/2021-10/information-systems-use-policy-final-9.1.2021.pdf
EXPECTATIONS FOR USE OF INFORMATION SYSTEMS
Users shall:
• Use all Information Systems consistent with their intended purpose, Avient business
objectives, and the Code of Conduct;
• Take necessary steps to prevent unauthorized access to and maintain security of
Confidential Data;
• Use only approved and secured methods when sharing Confidential Data and ensure
recipients have authorization to receive Confidential Data and/or have obtained prior
approval from User’s manager; and
• Obtain approval from Avient’s Information Technology department before procuring,
installing, connecting, using, or decommissioning software, systems, applications, or non-
Avient devices to or from Information Systems, including, but not limited to, on premise
and cloud-based systems.
https://www.avient.com/sites/default/files/2022-11/Wilflex Epic Rio Ready-for-Use Standard Colors Interactive Color Card.pdf
Printed results may
vary based on production methods such as ink film thickness,
opacity, and substrate.
66100
BEARS NAVY
90610
ELECTRIC RED
12600
TAN
74550
DARK GREEN
75900
BLACK LIGHT GREEN
67050
ROYAL
90810
ELECTRIC PURPLE
60000
NAVY
62100
LIGHT ROYAL
90410
ELECTRIC PINK
13300
RUSSELL GRAY
70550
KELLY GREEN
90110
ELECTRIC BLUE
90010
ELECTRIC YELLOW
14600
DARK GRAY
90210
ELECTRIC GREEN
90310
ELECTRIC ORANGE
19000
BLACK DIAMOND
Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/2024-12/PKE grades for Powersports Application Bulletin.pdf
Edgetek™ PKE Glass-Filled Portfolio
Polyketone formulations with 20, 30, or 40%
short glass fiber reinforcement available in
natural or black
Complēt™ PKE Portfolio
Long fiber reinforced polyketone formulations
with 30, 40, or 50% fiber loading and available
in natural or black, and available in non-PFAS*
formulations to achieve a UL 94 V-0
flame rating at 1.5 mm
ET8900-0001 20GF NAT LGF30-PKE 1088 NAT
ET8900-0002 30GF NAT LGF30-PKE 2020 BLK
ET8900-0003 40GF NAT LGF40-PKE 1088 NAT
ET8900-0004 20GF BLK LGF40-PKE 2020 BLK
ET8900-0005 30GF BLK LGF50-PKE 1088 NAT
ET8900-0006 40GF BLK LGF50-PKE 2020 BLK
FEATURED PRODUCTS
* Non-PFAS flame-retardant (FR) grades are manufactured without
intentionally added PFAS-based raw materials.
https://www.avient.com/sites/default/files/2021-02/avient-ir-presentation-goldman-sachs-and-morgan-stanley.pdf
They are based on management’s expectations that involve a number of business risks and
uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
16
2021 O U TLO O K
Synergies
($ millions)
Initial
Three-Year
Estimate
Revised
Three-Year
Estimate
2021
Expected
Realization
Administrative $ 18 $ 20 $ 15
Sourcing 24 30 15
Operational 18 25 5
Total Synergies $ 60 $ 75 $ 35
CLARIANT INTEGRATION &
COST SYNERGIES UPDATE
18
• Integration going extremely well: synergy target increased from $60 million to $75 million
• $5 million of synergies in 2020 and expect to realize $35 million in 2021
• 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
$86
$103
$0.53
$0.70
ORGANIC GROWTH PROJECTIONS – Q1
19
Sales Adjusted Operating Income
$991
$1,090
+ 10%
Adjusted EPS
+ 20% + 32%
(in millions) (in millions)
(1) (1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
$308
$360
$1.93
$2.40
ORGANIC GROWTH PROJECTIONS – FULL YEAR
20
Sales Adjusted Operating Income
$3,783
$4,100
+ 8%
Adjusted EPS
+ 17% + 24%
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(in millions) (in millions)
2020 Pro forma $3,783 $308
Sustainable Solutions 60 11% 24
Healthcare 60 11% 18
Composites 20 10% 10
Growth in Emerging Regions 50 7% 11
Other (GDP growth) 82 5% 11
Sub-total $4,055 7% $382
COVID Response Applications (25) - (11)
Outdoor High Performance Applications (15) - (7)
Asia Payroll Tax Subsidy (COVID) - - (4)
FX Impact 85 - 7
Synergies - - 30
Incentives, Travel, Other Employee Costs - - (37)
2021 Estimated $4,100 8% $360
2021 ORGANIC SALES AND OPERATING INCOME
21 (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(2) COVID Response Applications: facemasks, personal protective equipment
Sales Growth Rate
Operating
Income$ millions
(2)
CASH FLOW AND LEVERAGE
22
• Asset light business generates
significant free cash flow
• Cash generation in 2021 partially offset
by restructuring activities to capture
synergies associated with the Clariant
Masterbatch acquisition
• Cash flow deployed to M&A,
opportunistic share repurchases and
balance sheet / leverage reduction
3.5x
2.7x
2.1x
2019PF 2020PF 2021E
Net Debt / Adjusted EBITDA
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
($ millions) 2020 2021E
Adjusted EBITDA 382 510
Working Capital: Source / (Use) 116 (30)
Cash Taxes (40) (53)
Interest Paid (67) (76)
CapEx (62) (75)
CapEx for Synergy Capture (2) (20)
Restructuring for Synergy Capture (11) (25)
Other 22 19
Free Cash Flow 338 250
23
• 8% increase in sales drives 24% increase in adjusted EPS to $2.40
($2.70 excluding step-up depreciation and amortization) as a result of
continued growth in sustainable solutions and synergy capture
• Clariant synergy capture ahead of schedule: $35M of savings planned from
Clariant Masterbatch acquisition
• Adjusted EBITDA of $510M – highest level in company history
• Deleveraging ahead of schedule – 2.1x net debt to adjusted EBITDA by the
end of 2021
2021 PROJECTIONS
PEER COMPARISONS
24
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
Senior management believes the measures described above are useful to investors because they allow for comparison to
Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results
due to the potential variability across periods based on timing, frequency and magnitude.