https://www.avient.com/resource-center?document_type=59&page=27
Custom wet grip TPE eliminated the problem of a slippery surfboard and enabled SurfCo Hawaii, Inc. to launch its non-abrasive grip tape
Read how a wet grip TPE eliminated the problem of a slippery surface and enabled SurfCo Hawaii, Inc. to bring an innovative, non-abrasive grip tape to market
Versaflex™ CE 3130-80N TPE provides non-blooming solution to wireless charger
https://www.avient.com/resource-center?document_type=59&document_subtype=0&industry=0&product_family=0&product_name=0&op=FILTER RESULTS&form_id=resource_filter_form&page=27
Custom wet grip TPE eliminated the problem of a slippery surfboard and enabled SurfCo Hawaii, Inc. to launch its non-abrasive grip tape
Read how a wet grip TPE eliminated the problem of a slippery surface and enabled SurfCo Hawaii, Inc. to bring an innovative, non-abrasive grip tape to market
Versaflex™ CE 3130-80N TPE provides non-blooming solution to wireless charger
https://www.avient.com/news/exclusive-sponsor-new-exhibition-area-chinaplas-2017-polyone-showcases-innovative-polymer-solutions
GLS TPEs for Automotive HVAC Seals: improves driver and passenger safety and comfort with industry-leading TPE technology that has been proven to reduce volatile organic compounds (VOCs) by 50% and fogging by 35% versus existing TPEs for heating / ventilation / air conditioning applications.
https://www.avient.com/news/polyone-highlight-advanced-specialty-solutions-chinaplas-2014
Food-Safe TPE: Versaflex™ thermoplastic elastomer (TPE) enables consumer products manufacturers to replace a thermoplastic vulcanizate (TPV) silicone material with a softer, child-friendly TPE material, while maintaining strict compliance with food contact regulations in Japan and China.
https://www.avient.com/news/avient-exhibits-new-bio-filled-polymers-and-sustainable-solutions-portfolio-fakuma-2021
reSound™ R recycled content thermoplastic elastomers (TPEs): Developed to help brand owners create more sustainable end-user products, these formulations utilize 9 to 83 percent recycled content from post-consumer recycled (PCR) and post-industrial recycled (PIR) sources.
reSound™ OM bio-based TPEs: Based on biopolymers derived from sugarcane, all grades utilize 35 to 50 percent bio-based content, and are formulated to deliver varying hardness levels, favorable property retention, and UV resistance comparable to traditional TPEs.
https://www.avient.com/industries/healthcare/labware-diagnostics/ivd-devices
Medical-grade TPEs for improved grip and sealing performance
Versaflex™ HC TPEs met regulatory needs and provided a recycled TPE solution for sealing ring
Explore our product guide for innovative TPE solutions for thousands of applications
https://www.avient.com/industries/healthcare/medical-packaging/nutraceutical-packaging
Soft touch TPEs for overmolded caps that allow consumers to open products more easily
Idea Center: TPE Videos, Case Studies, and More
Learn all the ways TPEs are being used to enhance performance and appeal Explore TPES in our Idea Center
https://www.avient.com/sites/default/files/2020-09/antimicrobials-for-electronics-application-bulletin.pdf
Specifically,
these additives have been proven to be effective
inhibiting E. coli and MRSA across these resins:
• TPE/TPU • PET
• HDPE • ABS
• POM • PP
• PC
Custom formulations can be validated for various
resin types, and under specific processing
conditions, at an independent testing lab to ensure
results in commercialization.
https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
Maintain asset-light, 80% free cash
flow conversion profile and be
valued as a specialty formulator
5.
PRIOR YEAR
$790
$710
2022 2023
$107
$112
2022 2023
Sales Adjusted EBITDA
$0.42
$0.47
2022 PF 2023
- 10% + 5% + 12%
Sales Adjusted EBITDA Adjusted EPS
16
$112
$500
$0.47
Q4 AND FULL YEAR 2023 GUIDANCE
$710
$3,130
Sales Adjusted EBITDA Adjusted EPS
17
(in millions) (in millions)
Guidance: Free Cash Flow
$180 $180
Prior Guidance Guidance
FREE CASH FLOW & INCREASED DIVIDEND
13th Consecutive Dividend Increase
0.16
0.26
0.42
0.58
0.79
0.85
0.99
1.03
2011 2013 2015 2017 2019 2021 2023 2024
S U S TAI NABI L I T Y DAY
RE CAP
SUSTAINABILITY AS A GROWTH DRIVERLONG-TERM REVENUE GROWTH DRIVERS
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
Growth Drivers Long-Term
Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other (GDP growth) 0–2%
Avient 6%
SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH
8-12%
Long Term
Growth
50
90
2022 2030
Medical Plastics
Market Size
(in $Billions)
2020 2030
Recycled
Plastics
Virgin
Plastics
Growing Demand
for Recycled
Content
Avient Sustainable
Solutions
46
2023 2032
Global Offshore Annual
Wind Installations
(in Gigawatts)
Sources: McKinsey, Bloomberg, Grand View Research
SUSTAINABILITY TRENDS DRIVE
LONG-TERM GROWTH
21
• Transformative acquisitions
combined with divestitures of
more cyclical businesses have
improved margins over 400 bps
since 2018
• 20% long-term margin goal to
be driven by key growth drivers,
with sustainable solutions
playing a meaningful role
5.4%
11.5%
2006 2018 2023E Recovery Growth
Drivers
Strategic
Objective
20%+
+1%+
+3%+
ADJUSTED EBITDA MARGIN EXPANSION
22
• 6% annualized long-term sales growth leveraging
sustainable solutions, composites, healthcare, and
emerging regions
• Expand EBITDA margins to 20%
• Deliver annual EBITDA and EPS growth of
10% and 15%
• Maintain asset-light, 80% free cash flow conversion
profile and be valued as a specialty formulator
• Continue fostering our Great Place to Work® culture
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
23
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,130 and estimated run-rate CAPEX of $110M.
26
3.5
1.8
2.7
3.1 3.3 3.7
3.0
3.7
4.7 4.8
6.8 6.8
8.7
11.1
Av
ie
nt
AV
PM FM
N C
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/knowledge-base/article/overmolding-troubleshooting?rtype[]=1164
Re-select correct grade of TPE
Moisture in TPE