https://www.avient.com/knowledge-base/article/three-things-every-paddler-wants-their-equipment
Soft-touch TPEs make it happen, letting you improve the grip of SUP paddle t-handles, for example, or cushion kayak seats and thigh braces.
Blisters are a thing of the past when gripping a soft-touch TPE.
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/sites/default/files/2021-05/2021-colormatrix-quick-guide-to-liquid-color.pdf
It also invests in
both internal and external analytical services to
investigate impurity profiles of materials used to
ensure absence of undesirable compounds.
https://www.avient.com/sites/default/files/2021-05/2021-colormatrix-quick-guide-to-liquid-color_0.pdf
It also invests in
both internal and external analytical services to
investigate impurity profiles of materials used to
ensure absence of undesirable compounds.
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax/bergamid-polyamide-formulations
Nymax™ nylon substrate and Versaflex™ TPE overmold combine to deliver structural integrity and comfort for archery OEM
Bergamid™ polymer formulations and GLS™ TPEs replace metal and provide comfort and usability for Swiss soldiers pocket knife
Bergamid™ Polymer Formulations and GLS™ TPEs provide comfort and usability in iconic pocket knife handle
https://www.avient.com/industries/healthcare/medical-packaging/diagnostic-kits
Translucent TPE grades formulated without animal derivatives and offering excellent colorability
Customizable TPEs for injection molding or overmolding applications, such as seals and caps
Healthcare TPEs: Versaflex™ HC
https://www.avient.com/industries/healthcare/drug-delivery-systems/auto-injectors-and-drug-delivery-pens
Learn how chemically resistant Trilliant™ HC thermoplastics and Versaflex™ HC TPEs provide enhanced durability to withstand common hospital cleaners and disinfectants
TPEs and Specialty Engineered Materials for Auto-injector Pens
Healthcare TPEs: Versaflex™ HC
https://www.avient.com/news/advanced-technologies-and-sustainable-material-innovations-avient-debut-chinaplas-2024
At Chinaplas, we will demonstrate our expertise to meet these trends and complex challenges, including our annual color forecasting guide and customized colorants and additives, thermoplastic elastomers (TPEs), and specialty engineered materials for uses in a wide range of industries.”
reSound™ REC TPE: developed for automotive interiors, formulated with 55% PCR content to offer a more sustainable alternative to standard TPE grades without compromising performance criteria such as UV stability, low VOC content, low odor, and low fogging in applications such as HVAC nozzles, interior mats and cup holders
Versaflex™ TF Adhesive TPE for Textile Fabrics: a cost-effective alternative to TPU adhesive films and traditional glues, free of plasticizers, with low VOC content, OEKO-TEX 100-2 compliance, and excellent washability up to 60°C, combining strong and seamless adhesion to polyester and nylon fabrics with outstanding elastic recovery for high wearing comfort in target applications such as functional sports attire, fitness apparel, and underwear
https://www.avient.com/news/where-sustainability-matters-avient-highlight-its-latest-solutions-support-circular-economy-chinaplas-2023
reSound™ BIO Thermoplastic Elastomers (TPEs): formulated with 35 to 75 percent bio-renewable feedstock without compromising property retention, adhesion strength in overmolding applications, or colorability.
Versaflex™ CE 3130 Series TPEs: a range of non-blooming thermoplastic elastomers for demanding consumer electronics, automotive, and appliance applications requiring premium surface finish, enhanced feel, and improved aesthetics with UV, stain, abrasion, and scratch resistance.
A TechTalk Presentation on April 17 from 15:00 to 15:20 hours at Stand R31 in Hall 16 on sustainable bio-based materials, including zero-carbon emission TPEs, low-warpage and low-water absorption nylons, ‘OK-compost’ certified biopolymer solutions and successful case studies
https://www.avient.com/resource-center?document_subtype=0&document_type=221&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=0&product_name=0&page=1
Avient's Toolkits for TPEs and Specialty Engineered Materials
reSound™ REC Recycled-Content TPEs
reSound™ Ultra-Low Carbon Footprint TPEs (Chinese)