https://www.avient.com/news/new-textile-printing-inks-collaboration-announced-between-polyone-wilflex-and-ryonet
Vancouver, WA-based Ryonet was founded by Ryan Moor in 2004, and has established itself as an authority and trailblazer in the screen-printing industry.
This new collaboration with PolyOne will allow us to serve the textile printing market with industry-leading inks.”
Epic™ Rio is the latest ink system initiative, driven by market need for the latest pigment technology into formulations having excellent color strength.
https://www.avient.com/sites/default/files/2023-11/AVNT November IR Presentation.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.
2
3
AVIENT OVERVIEW
OUR VISION: Creating specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world
2023 Financial GuidanceCompany Overview Revenue By:
9,700
Employees
104
Manufacturing
Sites
20,000+
Customers
Key Highlights
Premier formulator of specialized
and sustainable material solutions
Asset-light business model, with
flexibility to adapt to customer needs
Best-in-class technology and service
(140+ PhDs / 2,500+ patents)
History of transformation through
successful M&A while consistently
returning cash to shareholders
Poised for continued future growth in
excess of GDP
$3.13B
Revenue
$2.30
Adjusted EPS
$500M
Adjusted EBITDA
16.0%
Adjusted EBITDA Margins
$180M
Free Cash Flow
Over $1B in share
buybacks since 2011
Raised dividend for
13 consecutive years,
a 15% CAGR since
2011
U.S. &
Canada
EMEA
Asia
Latin America
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
40%
37%
18%
5%
6%
8%
24%
20%
10%
15%
9% 4% 4%
Defense
Healthcare
Packaging
Consumer
Building &
Construction
Industrial
Transportation
Energy Telecom
Geography
Segment
Industry
4
CRE AT ING A WORL D-CL AS S
S US TAINABL E ORGANIZ AT ION
1. 6% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
Our formulation
expertise supports material science decisions, while our
processing expertise guides customers to use the materials
properly.
Avient 2011, 2018 and 2021 multiples reflect trailing 12 months EBITDA at December 31.
28
EV / 2023E EBITDA
6.5
8.5
11.0
8.9
12.0 11.9
10.9
9.9
8.2
16.3
13.8
11.9
9.6 9.5 9.5 9.2
7.7
20
11
20
18
20
21
O
ct
20
23
A
V
Y
R
P
M
P
P
G
K
W
R
FU
L
E
C
L
H
X
L
S
C
L
A
S
H
FM
C
C
E
H
U
N
E
M
N
Avient Historic Multiple
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
A P P E N D I X
30
Performance
Additives
16%
Pigments
12%
TiO2
10%
Dyestuffs
2%
Polyethylene
11%
Nylon
6%
Polypropylene
5%
Styrenic Block
Copolymer
5%
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
2022 pro forma results for the acquisition of Avient Protective Materials
RA W MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
40%
EMEA
37%
Asia
18%
Latin America
5%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
20%
Packaging
24%
Industrial
15%
Building and
Construction
10%
Telecommunications
4%
Energy
4%
Defense
6%
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
Transportation
9%
Healthcare
8%
32
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2 0 2 2 R E V E N U E | $ 2 . 4 B I L L I O N
US & Canada
34%
EMEA
38%
Asia
20%
Latin America
8%
END MARKET REGION
33
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
2%
COLOR, ADDITIVES & INKS
2 0 2 2 P R O F O R M A R E V E N U E | $ 1 . 3 B I L L I O N
US & Canada
52%
EMEA
35%
Asia
13%
34
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9% Defense
15%
Building &
Construction
8%
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
Packaging
32%
Consumer
27%
Healthcare
8%
Industrial
14%
Building &
Construction
5%
Telecommunications
3%
Energy
1% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 2 P R O F O R M A AV I E N T R E G I O N A L S A L E S
Packaging
27%
Consumer
14%
Healthcare
5%
Industrial
17%
Building &
Construction
10%
Energy
5%
Defense
8%
EMEA
(37% of sales)Transportation
11%
Packaging
13%
Consumer
24%
Healthcare
12%
Industrial
15%
Building &
Construction
13%
Energy
5%
Defense
5%
US &
Canada
(40% of sales)
Transportation
7%
Packaging
56%
Consumer
23%
Healthcare
4%
Industrial
7%
Building &
Construction
4%
Telecommunications
1%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
3%
Telecommunications
6%
35
B Y E N D M A R K E T
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock
Raise the bar on fatigue life and design flexibility with unidirectional thermoset composite springs for industrial and consumer applications
Technologies
Industrial Fabric Yarn
https://www.avient.com/products/polymer-colorants/colorant-dispersions
Technologies
Long Fiber Technology
Industrial Fabric Yarn
https://www.avient.com/idea/exploring-world-fluoropolymers
These natural properties make the use of fluoropolymers in industries such as wire and cable, architectural films, transportation, industrial and even medical an excellent choice for many applications.
These fluoropolymer properties are widely depended on in many different industries.
Some applications require the use of heavy metal-free colorants.
https://www.avient.com/news/avient-feature-sustainable-solutions-fiber-itma-2023
Also, including safe and sustainable offerings, these fiber additives can help fulfill technical and regulatory requirements.
ITMA is the world's largest annual international textile and garment technology exhibition taking place June 8-14, 2023, at Fiera Milano Rho in Milan, Italy.
Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy
https://www.avient.com/news/new-black-colorants-available-avient-help-achieve-high-jetness-polyester-textiles
In addition to a high level of jetness, deep black colorants require very high light fastness (resistance to fading and discoloration when exposed to light) for automotive applications, robust wash fastness (resistance to frequent washing) for sportswear, and resistance to fading from frequent use for fashion and home textiles.
Satisfying all of these needs for deep black colorants in the textile industry has proven to be challenging over the past few years as certain color technologies could meet only one or two but not all requirements,” said Mauro Dallavalle, senior marketing manager, Color & Additives Fibers at Avient.
Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy
https://www.avient.com/news/avients-new-edgetek-materials-optimize-weld-strength-flame-retardance-and-aesthetics-laser-welded-applications
The new formulations are intended for applications in small appliances, personal care products, consumer electronics, healthcare devices, and industrial electronics.
A perfect fit for laser welding technology, the new Edgetek materials give designers the exceptional flexibility to shape a part that offers maximum aesthetic and functional performance.
Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy
https://www.avient.com/news/avient-features-tpes-food-contact-and-sustainability-cekexpo-2020
Avient’s exhibit is focused on specialty TPE materials that are compliant with diverse global regulations and performance requirements.
Product designers in the kitchenware and houseware industry are looking for materials that can meet the increasing demand for food safety and compliance, while also seeking more sustainable content,” said Flight Xu, general manager of Specialty Engineered Materials Asia for Avient, “Our innovative TPEs can meet the regulatory challenges, including FDA, EU10/2011 and China GB standard, and enhance safety without compromising performance or design freedom.
Examples include:
• Barrier technologies that preserve the shelf-life and quality of food, beverages, medicine and other perishable goods through high-performance materials that require less plastic
• Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation
• Breakthrough technologies that minimize wastewater and improve the recyclability of materials and packaging across a spectrum of end uses
https://www.avient.com/products/advanced-composites/composite-ballistic-protection
Corrosion resistant, electrically non-conductive, and custom colors, films, machining and sizes available for this industry-first ballistic technology.
Technologies
Pultrusion Technologies: Glasforms™