https://www.avient.com/sites/default/files/2023-03/AVNT Q2 2022 Earnings Presentation - Website Version.pdf
S EC O N D Q UART ER 2022
RE S U LTS
$122
$134
$0.87
$0.98
Q2 2022 PERFORMANCE
(TOTAL COMPANY)
4
Sales Adjusted Operating Income
$1,235
$1,302
+ 5%
Adjusted EPS
+ 10% + 13%
(in millions) (in millions)
(+ 10% excluding FX) (+ 16% excluding FX) (+ 20% excluding FX)
Q2 2022 SEGMENT PERFORMANCE
5
CAI
$624
$649
($ in millions)
SEM Distribution
$86
$94
+ 4% + 9%
$404
$443
$24
$27
+ 10% + 13%
(1)
$241 $244
$37 $37
+ 1% Flat
(+ 10% excluding FX) (+ 16% excluding FX) (+ 6% excluding FX) (+ 3% excluding FX)
Q2 2021 $1,235 $122
Sustainable Solutions 17 7% 7
Healthcare 23 14% 5
Composites (ex Outdoor High Performance) 10 20% 4
Growth in Asia / LATAM 5 3% 1
Other 69 11% 5
Sub-total $1,359 10% $144
Outdoor High Performance Impact (9) (5)
Wage Inflation and Overtime (7)
Other Supply Chain Costs (2)
Clariant Color Integration Synergies 7
Incentives, Other Employee Costs 4
FX (48) (7)
Q2 2022 $1,302 5% $134
Q2 2022 SALES AND OPERATING INCOME
(TOTAL COMPANY)
6
Sales Growth Rate
Operating
Income$ millions
EBITDA
Q2 EBITDA BRIDGE
7
Price increases more than
offsets raw material and
supply chain impacts
Q2 2021 $ 159
Demand (29)
$ millions
CAI:
Price / Mix 87
Inflation (58)
SEM:
Price / Mix 36
Inflation (24)
Distribution:
Price / Mix 45
Inflation (41)
Net Price Benefit 45
Wage Inflation and Overtime (7)
Other Supply Chain Costs (2)
Clariant Color Integration Synergies 7
Incentives, Other Employee Costs 4
FX (7)
Q2 2022 $ 170
China Lockdowns / Russia Impact $ (14)
Outdoor High Performance (5)
Transportation (5)
8
Q2 '21 Adjusted EPS 0.87$
Color, Additives and Inks 0.11
Specialty Engineered Materials 0.01
Distribution 0.03
Corporate Costs 0.01
F/X (0.05)
Segment OI 0.11$
Interest Expense 0.03
Tax Rate (0.03)
Q2 '22 Adjusted EPS 0.98$
Q2 EPS BRIDGE
Key Updates
• Provided progress on 2030 Sustainability Goals
• Emphasized commitment to U.N.
Defense
6%
END MARKET TRANSFORMATION TO LESS
CYCLICAL INDUSTRIES
( W IT H DY N E E MA, E X .
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-versaflex-dog-toy.pdf
PET SUPPLY
MANUFACTURER
D O G T O Y
• Tear strength
• Durability
• Colorability
• Formulation must not intentionally contain BPA, heavy
metals, latex, natural rubber, phthalates, or SVHC
(REACH)
• Optimized material processing and tooling
through technical services and application
development support
• Delivered a solution to address regulation
and consumer safety concerns
Versaflex™ Thermoplastic Elastomer
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/products/thermoplastic-elastomers/versaflex-thermoplastic-elastomers
Pet supply manufacturer
https://www.avient.com/sites/default/files/2023-04/OnFlex TPE - Snow Flap - Application Snapshot.pdf
AVIENT SOLUTION
SERVICE + PROCESSABILITY
LEARN MORE
Copyright © 2023, Avient Corporation.
All Rights Reserved
https://www.avient.com/products/thermoplastic-elastomers/onflex-thermoplastic-elastomers
https://www.avient.com/news/high-temperature-comptek-medical-grade-formulations-polyone-now-available-north-america
X-Ray opacity
PolyOne Corporation, with 2017 revenues of $3.2 billion, is a premier provider of specialized polymer materials, services and solutions.
SEARCH INVESTOR NEWS
https://www.avient.com/sites/default/files/2021-06/maxxam-fr-battery-pack-case-study-one-pager.pdf
POWER TOOL
COMPANY
B A T T E R Y P A C K
• HDPE based solution
• Meet flammability performance requirement for UL94 V-0
• Consistent color and global availability
• Provided global technical services to
enable consistent material quality in
Europe and Asia
• Tested and verified flame retardant
performance conforming to UL94 V-0 @
1.5 and 3.0 mm, GWFI 960°C
• Delivered a pre-colored, HDPE-based
solution for color uniformity globally
Maxxam ™ FR Formulation
KEY REQUIREMENTS
WHY AVIENT?
LEARN MORE
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-fr-flame-retardant-polyolefin-formulations
https://www.avient.com/sites/default/files/2020-12/stat-tech-fire-alarm-case-study-brief.pdf
DONGGUAN
FYRNETICS
F I R E A L A R M C O M P O N E N T S
• Excellent conductive performance, EMI shielding
• Excellent IR absorption
• Quality stability
• Formulated material to meet all customer’s
CTQs and support sensor’s certification for
sensitivity and accuracy
• Provided shorter lead time than previous
material supplier, plus excellent service to
support material change
• Tested surface resistivity using ASTM D257
method, achieving result of E3-E4
Stat-Tech™ ST7400-8010 ESD Formulations
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
ELECTRICAL CONDUCTIVITY
Avient Corporation 1
LEARN MORE
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/stat-tech-static-dissipative-electrically-conductive-formulations
https://www.avient.com/sites/default/files/2023-08/Bergamid Polymer Formulations - Military Helmet - Case Study Snapshot.pdf
SAFETY EQUIPMENT
MANUFACTURER
M I L I T A R Y H E L M E T P A R T S
• High impact resistance
• RAL 6031 – military green color
• High molecular weight
• Met impact resistance requirements for
military helmets
• Delivered strong collaboration with Avient
Design team and service
• Provided specific RAL color matching for
military application
Bergamid™ Polymer Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
Safety Equipment manufacturer
https://www.avient.com/sites/default/files/2023-11/Stat-Tech TPE - Cash Machine Tray - Case Study Snapshot.pdf
avient
ATM/ CASH
MACHINE
T R A Y S T R U C T U R E
• Excellent stiffness & rigidity
• Anti-static, frictional note speed
• Excellent dimensional stability
• Flame resistance
• Service life durability
• Provided a solution with permanent
antistatic properties
• Excellent wear and friction resistance,
enhancing durability
• Additional performance characteristics of
flame resistance and low COF
Stat-Tech™ PC custom formulations
KEY REQUIREMENTS
WHY AVIENT?
All Rights Reserved
https://www.avient.com/products/thermoplastic-elastomers/stat-tech-tpe-static-dissipative-electrically-conductive-thermoplastic-elastomers
ATM/ cash machine
https://www.avient.com/sites/default/files/2022-11/Bergamid_Battery Frame - Application Snapshot.pdf
SOLAR ENERGY
COMPANY
B A T T E R Y F R A M E
• Good dimensional stiffness at high operating temperatures
• Eco-conscious performance of a non-halogenated fire
retardant
• Easy processing
• Met regulatory requirements of UL 746C for
ultraviolet light, water, and immersion
exposures
• Delivered excellent high heat and eco-
friendly performance of non-halogenated
flame resistance
• Offered prompt development and on-site
technical services to accelerate the speed-
to-market
Bergamid™ FR Non-Halogen Flame
Retardant Formulations
KEY REQUIREMENTS
HIGH HEAT FLAME RESISTANCE
WHY AVIENT?
LEARN MORE
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/bergamid-fr-non-halogen-flame-retardant-formulations
https://www.avient.com/sites/default/files/2020-07/case-study-versaflex-om-rotary-power-tool-handle_0.pdf
Versaflex OM - Rotary Power Tool Handle
PREMIUM POWER
TOOL BRAND
R O T A R Y P O W E R T O O L
H A N D L E
• Soft touch grip with improved haptics
• Reduced vibration
• Excellent surface appearance
• Bonding to nylon
• Utilized global technical services to translate
customer’s preferred material in North
America to Europe
• Enabled brand consistency across the
globe, and accelerated time to market
Versaflex™ OM 6258
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/thermoplastic-elastomers/versaflex-thermoplastic-elastomers