https://www.avient.com/sites/default/files/2023-05/complet-lft-automotive-aftermarket-side-step-application-snapshot-1.pdf
AFTERMARKET PARTS
MANUFACTURER
S I D E S T E P
• High strength
• Low moisture absorbance, reduced warpage
• Pleasing cosmetic finish
• Strong flexural modulus
• Offered long fiber thermoplastic (LFT) with 3x the
strength of the incumbent short fiber material
without a need for retooling
• Resolved major disadvantage of moisture uptake
with a moisture-resistant PA66 LFT formulation
• Facilitated part consolidation and design freedom
• Modeled performance of long glass fiber design
with advanced testing capabilities (FEA,
moldflow, burnoff)
Complēt™ Long Fiber Reinforced Structural
Thermoplastics
KEY REQUIREMENTS
WHY AVIENT
AVIENT SOLUTION
STRENGTH + PART CONSOLIDATION
LEARN MORE
Copyright © 2023, Avient Corporation.
AVIENT SOLUTION
https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/complet-long-fiber-reinforced-structural-thermoplastics
https://www.avient.com/sites/default/files/resources/POL%2520KeyBanc%2520IR%2520Presentation%2520w%2520non-GAAP%252009%252010%25202013.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
The final amount of charges resulting from the planned North American asset realignment and the Company’s ability to realize anticipated savings and
operational benefits from the asset realignment;
Our ability to achieve the strategic and other objectives relating to the acquisition of Spartech Corporation, including any expected synergies;
Our ability to successfully integrate Spartech and achieve the expected results of the acquisition, including, without limitation, the acquisition being
accretive;
Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and
cost of credit in the future;
The financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate
liquidity) to maintain their credit availability;
The speed and extent of an economic recovery, including the recovery of the housing market;
Our ability to achieve new business gains;
The effect on foreign operations of currency fluctuations, tariffs, and other political, economic and regulatory risks;
Changes in polymer consumption growth rates in the markets where we conduct business;
Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online;
Fluctuations in raw material prices, quality and supply and in energy prices and supply;
Production outages or material costs associated with scheduled or unscheduled maintenance programs;
Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
An inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital
reductions, cost reductions, employee productivity goals, and an inability to raise or sustain prices for products or services;
An inability to raise or sustain prices for products or services;
An inability to maintain appropriate relations with unions and employees;
The inability to achieve expected results from our acquisition activities;
Our ability to continue to pay cash dividends;
The amount and timing of repurchases of our common shares, if any; and
Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and
changes in the rate of inflation.
• The above list of factors is not exhaustive.
• We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
EPS: $2.50
Assumptions
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Completion of 2-3 midsize
accretive acquisitions
• Housing starts at 85% of 50 year
norm by 2015
• Mid single digit revenue CAGR
• Remain comfortably below 3X Net
Debt / EBITDA
Page 11
2012
Rev: $2.9B
Adj.
EPS: $1.00
$0.54
$0.68
$0.30
$0.45
$0.60
$0.75
H1'12 H1'13
Adjusted EPS
$101.0
$132.6
$50.0
$100.0
$150.0
H1'12 H1'13
Adjusted Operating Income
(millions)
+31%
$68.8
$97.7
$50.0
$75.0
$100.0
H1'12 H1'13
Specialty Operating Income
(millions)
First Half 2013 Financial Highlights
• Adjusted EPS increased 26% over prior
year first half
• Operating Income expanded 31%
versus first half 2012
• Specialty operating income up 42%
• Revenue grew 22% versus 1H ‘12
• Portfolio transformation activities
Completed acquisition of Spartech
Divested non-core Resin business
+26%
+42%
Page 12
• Significant Debt Maturities $ 1,010
Other Debt 21
• Total Debt at 6/30/13
Less: Cash
Net Debt
• Available Liquidity
Cash
ABL Availability
Total Liquidity
• Net Debt / EBITDA = 1.9x
• Net Debt / EBITDA = 2.1x*(tax adjusted)
$392
310
$702
$1,031
392
$639
$50
$360
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of June 30, 2013
($ millions)
Page 13
Coupon Rates: 7.500% 7.375% 5.250%
*Pro Forma TTM for taxes on resin gain
Debt Maturities & Liquidity Summary – 6/30/13
Cash Balance = $392M
Net Debt / EBITDA* = 1.9x
• Repurchased
~3.0M shares
YTD in 2013
• 17 million shares
are available for
repurchase under
the current
authorization
Share
Repurchase
• Introduced a
quarterly dividend
in Q1 2011 and
increased in Q1
2012 (25%) and
Q1 2013 (20%)
• Objective of
maintaining and
growing
Dividends
• Expanding our
sales, marketing,
and technical
capabilities is top
priority
• Investing in
operational and
LSS initiatives
(including synergy
capture)
• CAPEX
Organic
Growth
• Targets that expand our:
• Specialty offering
• End market presence
• Geographic footprint
• Synergy opportunities
• Adjacent material solutions
• North American
manufacturing alignment
Acquisitions
*TTM 6/30/2013
Use of Cash
Page 14
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Dutch.pdf
Avient Corporation en zijn
dochterondernemingen (gezamenlijk 'Avient', 'wij', 'we', 'ons' of 'onze') zijn toegewijd aan het beschermen
van de privacy en persoonlijke gegevens van sollicitanten die via ons online sollicitatieproces en andere
kanalen worden verzameld.
Als u uw sollicitatie en/of cv met behulp van onze online
sollicitatietool indient, worden uw persoonlijke gegevens in overeenstemming met deze verklaring
verwerkt en beschermd.
Het verstrekken van dergelijke gegevens is
echter vrijwillig en u hoeft deze informatie niet als onderdeel van uw online cv en sollicitatie in te dienen.
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - German.pdf
Wenn Sie Ihre Bewerbung und/oder Ihren Lebenslauf
über unser Online-Bewerbungstool einreichen, werden Ihre persönlichen Daten in Übereinstimmung mit
dieser Erklärung bearbeitet und geschützt.
Die Übermittlung solcher Daten ist jedoch freiwillig, weshalb Sie nicht
verpflichtet sind, diese als Teil Ihres Lebenslaufs und Ihrer Bewerbung online einzureichen.
Anbieter von Dienstleistungen: Dienstleister, wie zum Beispiel diejenigen, die uns beim Betrieb unserer
Online-Rekrutierungssysteme oder beim Bewerbungsprozess unterstützen (z.
https://www.avient.com/sites/default/files/2021-03/avient-march-ir-fermium_0.pdf
Just a few months ago, we completed the acquisition of the Clariant Masterbatch
business, the largest acquisition in the 20-year history of our company.
These investments also
consider our global footprint, and we are positioned very well and
strategically from a regional perspective.
8
Growth Drivers
2020
Revenue
($ Millions)
Long-Term
Growth Rate
Sustainable Solutions $ 560 8–12%
Healthcare 555 8–10%
Composites / 5G 212 10%
Growth in Emerging Regions 672 5%
Other (GDP growth) 1,784 2–3%
Pro Forma Avient $ 3,783 6.5%
2020 PE RF O RM AN CE
2020 HIGHLIGHTS
10
• Completed transformational Clariant Masterbatch acquisition and created new
brand name Avient
• Increased pro forma adjusted EPS 11% from $1.74 to $1.93 as an essential supplier
during the pandemic and due to growth in demand for consumer applications
• Specialty Engineered Materials delivered record operating income on gains from
composites
• Achieved record free cash flow, increased dividend for 10th year in a row and
delevered from 3.5x to 2.7x net debt to pro forma adjusted EBITDA
• Culture is everything: Certified as a Great Place to Work®
$133
$150
2019PF 2020PF
23%8%
21%
2006 2020PF
Avient Portfolio Transformation
22%
59%
CLARIANT MASTERBATCH:
TRANSFORMATIONAL ACQUISITION
11
Clariant MB EBITDA Growth
Purchase Price Multiple
10.8
9.6
6.5
2019PF 2020PF 2020PF w/ Full
Synergies
• Acquisition of Clariant Masterbatch
significantly expands presence in
healthcare, packaging and consumer end
markets
• Strength of portfolio – 13% EBITDA growth
as an essential supplier in COVID response
and recovery
• Acquisition completed on July 1, 2020 for
$1.4 billion.
Our free cash flow supports
shareholder value creation through
investing in R&D for organic growth,
completing bolt-on acquisitions, and
returning cash to shareholders via our
dividend program and opportunistic
share repurchases.
25 1.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
Englewood, Colorado Maryland Heights, Missouri(b)
4.
Montrose, Colorado Shanghai, China (b)
5.
In 2023, 127 leaders completed the experience.
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
Englewood, Colorado Maryland Heights, Missouri(b)
4.
Montrose, Colorado Shanghai, China (b)
5.
In 2023, 127 leaders completed the experience.
https://www.avient.com/sites/default/files/2023-05/complet-lft-moisture-resistant-watercraft-steering-column-application-snapshot.pdf
PERSONAL
WATERCRAFT OEM
S T E E R I N G C O L U M N
• Similar strength performance to existing aluminum assembly
• Withstand outdoor UV exposure
• Weight reduction for improved performance
• Corrosion and moisture resistance
• Premium aesthetic
• Provided a material that met application load
requirements and allowed for part
consolidation
• Delivered confidence in changing material
through design consultation, robust Mold Flow
simulation support, and UV customization
• Incorporated carbon fiber to support a
marketing story
Complēt™ Hybrid Moisture Resistant Composite
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
In 2007, we did not have a formalized
effort to recruit or hire new associates who were graduating college students.
Englewood, Colorado 12.
Montrose, Colorado 13.
https://www.avient.com/sites/default/files/2023-03/2023 Avient Bookmarked Proxy Statement - FINAL.pdf
Online access will begin at 8:45 a.m.
You
will not be able to vote shares held in this plan electronically online during the Annual Meeting.
VOTING DURING THE ANNUAL MEETING
Shareholders may vote their shares electronically online during the Annual Meeting.