https://www.avient.com/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
GUIDANCE
DEBT / LEVERAGE REDUCTION
• Completed sale of Distribution
and paid down $750M of debt
in November
• Strong free cash flow in fourth
quarter reduced leverage and
enabled paydown of additional
$200M of debt
• Fixed/Floating Debt Ratio 63/37
• Proven track record of
deleveraging following
acquisitions through consistent
free cash flow generation
$725 $725 $725
$575 $500 $400
$600
$525
$425
$650
$650
$650
$600
$2.40B
$2.20B
2030 Notes
2029 Term Loan
2026 Term Loan
2025 Notes
After Distribution
Divestiture
Year-End
8
Year-End
Leverage 3.8x 3.1x 2.9x
2023 Notes
After Avient
Protective Materials
Acquisition
$3.15B
2022 TRANSFORMATIONAL PORTFOLIO
ENHANCEMENTS
9
EBITDA margins expanded
from 12% to 16%
Diversified end markets
with reduced exposure to
more cyclical industries
Dyneema®
Acquisition
$1.48B acquisition
strengthens composites
platform
Significantly improved
EBITDA margins $950M divestiture results
in 100% specialty sales
Strong exit multiple of 10x
TTM EBITDA despite
market volatility
Distribution
Divestiture
Improved
Portfolio
GROWING COMPOSITES PLATFORM
CONTRIBUTIONS TO SEM SEGMENT
10
Note: 2022 is pro forma for Avient Protective Materials
2016 Sales 2022 Sales
Advanced
Composites
51%
$560M $1,300M
Advanced
Composites
COMPOSITES PORTFOLIO
D Y N E E M A ® E X P A N D S O U R E N G I N E E R E D F I B E R S A N D T A P E S T E C H N O L O G Y
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
11
ADVANCED COMPOSITES PERFORMANCE
12 (1) Pro forma for the acquisition of Avient Protective Materials
$51
$84
$212
$668
$4
$10
$41
$169
(1) (1)
PORTFOLIO EVOLUTION AND EPS EXPANSION
13
Adj.
https://www.avient.com/sites/default/files/2023-09/SEM Services Capabilities Overview Brochure.pdf
Internal Testing Available
• Physical
• Rheological, thermal, and moisture analysis
• Dielectric properties
• Laser etching and welding
• Microscopy
• Liquid, gas, and size exclusion
chromatography
• Atomic, infrared, and nuclear magnetic
resonance spectroscopy
• Flammability
• X-ray diffractometry
• Weathering (QUV & Xenon Arc)
• Failure analysis
APPLICATION DEVELOPMENT
Avient has design, application development and
degreed plastics engineers available to give our
customers reliable and experienced guidance to help
navigate the development process.
https://www.avient.com/sites/default/files/2023-05/SEM Services Capabilities Overview Brochure.pdf
Internal Testing Available
• Physical
• Rheological, thermal, and moisture analysis
• Microscopy
• Liquid, gas, and size exclusion chromatography
• Atomic, infrared, and nuclear magnetic
resonance spectroscopy
• Flammability
• X-ray diffractometry
• Weathering (QUV & Xenon Arc)
• Failure analysis
APPLICATION DEVELOPMENT
Avient has design, application development and
degreed plastics engineers available to give our
customers reliable and experienced guidance to help
navigate the development process.
https://www.avient.com/resource-center?document_type=59&document_subtype=117&page=2
Supplier HellermannTyton switched to heat-stabilized Bergamid™ B70 G30H Black TM-X polyamide to produce a seat fastener at lower cost, lower weight and with greater design flexibility
https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/comptek-high-temperature-polymer-concentrates
Performance can be customized for wear-resistance, conductivity, X-ray opacity and more
https://www.avient.com/industries/consumer/consumer-discretionary/home-household/office-supplies
Gaming Wheel Grip
Video Game Controller Grips - Case Study
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/high-performance-synthetic-fibers/carbon-fiber
X - Ray Permeable
https://www.avient.com/resource-center?document_type=59&document_subtype=117&industry=0&product_family=81&product_subfamily=0&product_name=0&op=FILTER RESULTS&form_build_id=form-AIBrY1ZyQwmzj2EruRqQQ3PVzaFba0pwYj8H3eLS67g&form_id=resource_filter_form
Supplier HellermannTyton switched to heat-stabilized Bergamid™ B70 G30H Black TM-X polyamide to produce a seat fastener at lower cost, lower weight and with greater design flexibility
https://www.avient.com/knowledge-base/article/overmolding-part-design?rtype[]=1164
Spiral flow test performed using 0.0625" x 0.375" channel at 400°F
https://www.avient.com/sites/default/files/2020-10/luxury-closures-gravi-tech-design-guide-2.0-application-specific.pdf
CHAPTER 1 | APPLICATION SUMMARY
Design Guide 5
GT5200-0013
GT6000-0004
GT7300-0006
GT5200-5003
GT6000-5002
GT7300-5007
Specific
Gravity* 2.0 3.0 2.0 2.5 2.6 2.2
Color
Options* Various Various Black to Grey Black Various Various
Electroplating No Possibly Yes Possibly Possibly Yes
Base
Resin PP PA6 ABS PP PA6 ABS
FDA
Compliant* Yes Yes Yes Yes No Yes
Region
Produced
North
America
North
America
North
America Europe Europe Europe
Full
Name
X GT5200-0013
PT White
X GT6000-0004
PT White
X GT7300-0006
PT Black
GT7300-5003
Black FD
GT6000-5002
EI White 1
GT7300-5007
X2 White FD
*Please contact Avient for additional information
6 Gravi-Tech
CHAPTER 2 | PROCESS SETTINGS
Density Modified Formulations
Gravi-Tech™ polymer-metal composites are high-density materials developed as thermoplastic-
based alternatives to metals.
This will
result in stronger parts due to the locked in
FIGURE 43 - Non-Newtonian Fluid Flow
Low Level of Orientation Frozen Layer
Highly Oriented Laminates Gate
Transducer A
Transducer B
Hydraulic x 10
Filling Hold Start of
mold shrinkage
Time
Pack
P
ss
A
B
FIGURE 45 - Non-Newtonian fluid flow
Relative Viscosity = Transfer Position * Fill Time
Shear Rate = 1
Fill time
FIGURE 46 - Pressure vs.
The modulus of steel is
3 x 107 psi