https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.pdf
Continue fostering our Great Place
to Work® culture
Strategic ObjectivesStrategic Objectives
Long Term
Growth
Rates
Growth DriversGrowth Drivers
$340
$455
$790
$1,175
2016 2018 2020 2022
$51
$84
$212
$668
2016 2018 2020 2022
$108 $113
$231
$293
2016 2018 2020 2022
$265
$358
$726
$830
2016 2018 2020 2022
8-12% 10% 8-10% 5%
Sustainable Solutions Composites Healthcare Asia/Emerging Regions
Profitable GrowthProfitable Growth Great Place to WorkGreat Place to Work
5.4%
11.5%
16.2%
2006 2018 2022
EBITDA Margins
$0.14
$2.67
$3.04
2006 2018 2022
Adjusted EPS
2022 data is pro forma for acquisition of Avient Protective Materials and Distribution divestiture
TO P- T IE R S US TA I NA B I L I TY PE R F OR MA N C E
A N D R EC O G NI T I ON
Industry Sustainability Standards
90th
percentile
87th
ESG Ratings Performance
2
2
5
5
Innovation is the lifeblood of a specialty company.
Global Compact
• Highlights ESG Performance, including
ratings, awards, and certifications
• Features increased carbon emissions
disclosures, including Climate Change Scenario
Analysis and Scope 3 emissions data
• Outlines Sustainable Supplier Program,
designed to enable supplier evaluation &
collaboration
• Reflects Great Place To Work® culture focused
on safety, employee engagement and
advancing diversity, equity and inclusion
20 22 SUSTAI NA BILI TY REPORT
19
Avient Confidential 20
• Virtual presentation to be held
September 20, 2023
• Leadership will be conducting
an investor-focused
presentation around our
sustainable solutions portfolio
• Deep dive into how we enable
customers to achieve their
sustainability goals
SUSTAINABILITY DAY
20
…are Growing at Twice the Rate as
Conventional Products
Sustainably-Branded Products…
STAKEHOLD ER INFLUENC E D RI VES D EMA ND
Consumers
Are demanding
recyclability and eco-
conscious products
Governments
Are mandating changes
through legislation, taxes,
and regional accords
Brand Owners
Have committed to
ambitious goals to achieve
sustainability metrics
21
A P P E N D I X
24
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 MATERI AL BA SKET
PEER COMPARISONS
AVI ENT I S ASSET LI GHT
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of August 17, 2023
Note: Avient reflects 2023 estimated revenue of $3,280 and estimated run-rate CAPEX of $110M.
26
3
2
3 3
4 4
3
4
5 5
7 7
9
10
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
A
V
Y
R
P
M
F
M
C
H
U
N
C
E
E
C
L
A
S
H
H
X
L
E
M
N
S
C
L
FR EE CA SH FLOW CONV ER SION
Source: Peer data per Bloomberg as of August 17, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
Avient reflects 2023 adjusted EBITDA guidance of $525M and estimated run-rate CAPEX of $110M.
2023E (%)
27
79
89
83 83
78
75
90
81
76
72
68
63
53
11
A
vi
e
n
t
K
W
R
F
U
L
P
P
G
A
V
Y
R
P
M
F
M
C
C
E
E
C
L
A
S
H
H
X
L
H
U
N
E
M
N
S
C
L
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
MULTI PL E EX PANSION
Source: Peer data per Bloomberg as of August 17, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $525M and closing share price of $37.07.
https://www.avient.com/sites/default/files/2024-03/CCG Application Snapshot_Wire _ cable laser marking_Final.pdf
Wire & cable manufacturer
W I R E & C A B L E
M A N U FAC T U R E R
A E R O N A U T I C D A T A
T R A N S M I S S I O N C A B L E S
• Permanent contrast marking meeting aerospace industry standards
SAE AS4373F and EN-3475-706
• Benign marking that, compared to infrared (IR) laser marking, will
not damage the jacket surface
• Elevated temperature performance in corrosive environments,
maintaining dielectric properties under continuous service
• No vital optical fiber or data transmission cable interference
• Demonstrated fluorinated ethylene propylene (FEP)
application expertise incorporating laser marks
• Provided formulation expertise in PTFE alternatives
• Delivered a high-quality product with no clumping
during the extrusion process
• Offered a proven array of specific aeronautic colors
• Provided commercial, technical, and operational
support
KEY REQUIREMENTS
APPEARANCE + PERFORMANCE
WHY AVIENT?
https://www.avient.com/sites/default/files/resources/PDI_Case_Study_-_Medical_Device_0.pdf
This information
sheet shall NOT operate as permission, recommendation, or inducement to practice any patented invention without permission of the patent owner.
https://www.avient.com/sites/default/files/2023-06/2023 Advanced Composites Automotive Overview.pdf
Polystrand composite panels are made with
continuous fiber reinforced thermoplastic face
sheets thermally bonded or adhered to traditional
core materials such as honeycomb, foam,
aluminum, and nonwovens as reinforcement.
https://www.avient.com/sites/default/files/2021-04/b-c-industry-bulletin.pdf
DESIGN & PROCESSING
Material flexibility and customization, extrusion
and molding optimization techniques
SOLUTION: Advanced polymer science,
application development, technical service
VISUAL AESTHETICS
Custom colors, deep shades,
special effects
SOLUTION: Metallic colorants,
granite & woodgrain effects
DURABILITY
Wind & impact resistance,
chemical resistance, weatherability
SOLUTION: Scratch & mar resistant
or IR/UV resistant additives,
dimensional stabilizers
TECHNOLOGY DESCRIPTION TYPICAL APPLICATIONS
Antimicrobial
Additives
Antimicrobial technology to limit microbe growth —
reduces bacterial, mold and fungal growth on surface
and through thickness, protecting finished part
• Potable water equipment • Roofs & eaves
• Decking, fencing & railings • High-touch surfaces
• Bath surrounds, liners & inserts
Scratch & Mar Resistance
Additives
For applications requiring resistance to daily surface
abrasion, and management of surface energy
• Exterior fencing, decking, railings & shutters
• Outdoor furniture
• Playground equipment
Flame Retardant
Additives
Reduces spread of fire and heat release by creating
a char to limit oxygen at the flame source
• Wire & cable • Telecommunications
• Decking, fencing & railings • Conduit
• Exterior siding & cladding • Housings
UV and Light Blocking
Additives
UV stabilizers help mitigate the harmful effects of
UV radiation while light blocking additives protect
products sensitive to light
• Exterior siding & cladding • Trim & moldings
• Roofing, shingles, tiles • Outdoor furniture
• Fencing, decking, railings & shutters
Anti-static and Conductive
Additives
Controls build-up of static charges to create
static-dissipated parts while reducing related
dust accumulation
• Electrical connectors • Conduit or tubing
• Junction boxes • Flooring
• 5G enabling
Chemical Foaming
Agents
Reduces weight and density without compromising
mechanical properties
• Exterior siding & cladding • Modular panels
• Decking, fencing & railings
Optimization Additives
Cycle-time reducers that help optimize production
while allowing improved dimensional stability and
energy efficiency, among other processing benefits
• Used in extrusion and injection molding processes
to improve thermal conductivity, and lower
processing temperatures and energy consumption
Laser Marking
Supports design and production flexibility and offers
a new level of control in marking polymers with speed
and clarity
• Wire & cable • Outdoor furniture
• Equipment & housings • Pipes & fittings
Anti-counterfeiting
Additives
Customizable in-plastic authentication technologies
that enable positive identification versus counterfeit
products
• Wire & cable jacketing • Pipes & fittings
• Telecommunications • Potable water
equipment
Wood Plastic Composite (WPC)
Capstock Technology
Pair with traditional WPC materials as a substrate
for a durable outer layer
• Exterior siding & cladding • Outdoor furniture
• Fencing, decking & railings
Sustainable Colorants &
Additives
Color concentrates and additives carefully chosen
to meet industry requirements and legislation, and
designed to lower environmental impact while
improving sustainability
• Green building roofing • OSHA compliance
• Sheet & profile extrusions • LEED building &
material credits
FX Special Effects
Colorants
Granite, marbling, woodgrain and other distinctive
colorant technologies to provide special surface
effects
• Decorative molding • Chair or hand rails
• Wallcovering • Blinds & shutters
• Any surface or part demanding a distinctive look
Pool Colorants
Durable, long-lasting pigment formulations for
finishes that hold up to pool water chemistries
• Pool decks • Coping
• In-ground swimming pools
Metallic Flooring &
Stain Colorants
Colorants designed to give concrete floors and
surfaces a distinctive appearance
• Concrete flooring • Countertops
• Decorative concrete • Walls
While this listing represents many Avient solutions and addresses common applications, we can tackle many other
building & construction needs.
https://www.avient.com/sites/default/files/resources/Terms%2520and%2520Conditions%2520of%2520Sale%2520for%2520Mexico%2520%2528English%2520and%2520Spanish%2520Language%2520Version%2529.pdf
Buyer acknowledges that
Seller has furnished to Buyer Material Safety Data
sheets, which include warnings together with safety
and health information concerning the Product and/or
the containers for such Product.
https://www.avient.com/resource-center?document_type=59&all=1
Technical Data Sheets
Safety Data Sheets
Safety Data Sheets
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Japan %28English and Japanese Translation%29.pdf
Buyer
acknowledges that information in Seller’s
marketing materials, technical data sheets and
other descriptive publications distributed or
published on its websites may vary from time to
time without notice.
Buyer acknowledges
that Seller has furnished to Buyer Safety Data
Sheets, which include warnings together with
safety and health information concerning the
Product and/or the containers for such Product.
Buyer acknowledges and represents that it is
familiar with and shall strictly comply with all
applicable laws and regulations concerning the
trade, export or re-export of products, services,
data or technology (“Items”), including, not
limited to, the U.S.
https://www.avient.com/idea/auto-supplier-cuts-costs-painting-trim-parts
But the manufacturing process for the decorative trim molded from ABS was time consuming, requiring as many as eight steps to complete.
Cost reduction: Overall improvement in material cost performance versus painted ABS.
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
D
is
t.
)
K
W
R
P
P
G
F
U
L
R
P
M
A
V
Y
F
M
C
H
U
N
H
X
L
S
C
L
E
C
L
E
M
N
C
E
A
S
H
Source: Peer data per Bloomberg market data as of February 15, 2022.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
H I G H F R E E C A S H F L OW
C O N V E R S I O N
Avient reflects 2021 estimated EBITDA of $635M and estimated CAPEX of $90M (excludes IT system upgrade of $25M and synergy capture CAPEX of $20M)
Source: Peer data per Bloomberg market data as of February 15, 2022
86
89
85
80
76 76
89
85
79 78 76 76 76
70 69
63
8
A
vi
e
n
t
K
W
R
P
P
G
F
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L
A
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Y
R
P
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F
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V
R
H
U
N
B
N
R
H
X
L
E
C
L
C
E
A
S
H
E
M
N
S
C
L
A
L
B
Source: Peer data per Bloomberg market data as of February 15, 2022
Total Enterprise Value / 2022E EBITDAWith the Clariant Color business
acquisition and divestment of the
PP&S business, our exposure is
now concentrated in less-cyclical
and high-growth markets.
APPENDIX
Performance
Additives
15%
Pigments
13%
TiO2
11%
Dyestuffs
3%Polyethylene
12%
Nylon
6%
Polypropylene
5%
Other Raw
Materials
30%
Styrenic Block
Copolymer
5%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
31
• Significant raw material price inflation
and tight inventory continued in Q4 2021
o For the full year, the average cost of
hydrocarbon based materials was up
50% in 2021
o For the full year, the average cost of non-
hydrocarbon based materials was up
12% in 2021
• Additionally, we continued to experience
other supply chain challenges during Q4
related to raw material spot purchases,
freight constraints and productivity loss
as a result of these shortages
Annual Purchases
RAW MATERIAL AND SUPPLY CHAIN UPDATE
Based on 2021 purchases, excludes Distribution business
SEGMENT DATA
U.S. & Canada
50%
EMEA
25%
Asia
16%
Latin America
9%
2021 SEGMENT, END MARKET AND GEOGRAPHY
33
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
23%
Packaging
19%
Industrial
16%
Building and
Construction
10%
Telecommunications
4%
Energy
2%
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $4,819M and $581M, respectively, include intercompany sales eliminations and corporate costs
$2,402M
$409M
$919M
$164M
$1,631M
$94M
Sales EBITDA
Distribution
Specialty Engineered Materials
Color Additives and Inks
$581M$4,819M
(1)
Transportation
11%
Healthcare
15%
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
16%
Building &
Construction
10%
Transportation
9%
Energy
1% Telecommunications
1%
C O L O R , A D D I T I V E S & I N K S
2 0 2 1 R E V E N U E | $ 2 . 4 B I L L I O N
US & Canada
32%
EMEA
40%
Asia
21%
Latin America
7%
END MARKET REGION
34
All charts reflect 2021 financials
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
Consumer
27%
Healthcare
10%
Packaging
7%
Telecommunications
16%
Transportation
11%
Industrial
11%
Building &
Construction
11%
Energy
7%
2 0 2 1 R E V E N U E | $ 9 1 9 M I L L I O N
END MARKET
US & Canada
55%
EMEA
25%
Asia
20%
REGION
35
All charts reflect 2021 financials
D I S T R I B U T I O N
Healthcare
26%
Consumer
23%
Packaging
5%
Industrial
20%
Transportation
16%
Building and
Construction
8%
Energy
1%
Telecommunications
1%
US & Canada
80%
Asia
3%
Latin
America
17%
END MARKET REGION
K E Y S U P P L I E R S
2 0 2 1 R E V E N U E | $ 1 . 6 B I L L I O N
36
All charts reflect 2021 financials
T O T A L C O M PA N Y R E G I O N A L S A L E S
B Y E N D M A R K E T
Packaging
30%
Consumer
26%Healthcare
13%
Industrial
14%
Building &
Construction
5%
Telecommunications
2% Energy
2%
Asia
(16% of sales)
Transportation
8%
Packaging
32%
Consumer
13%
Healthcare
5%
Industrial
17%
Building &
Construction
12%
Telecommunications
5%
Energy
4%
EMEA
(25% of sales)
Transportation
12%
37
Consumer
25%
Healthcare
19%
Packaging
10%
Industrial
17%
Building &
Construction
10%
Telecommunications
4%
Energy
2%
US &
Canada
(50% of sales)
Transportation
13%
Packaging
38%
Consumer
33%
Healthcare
8%
Industrial
10%
Building &
Construction
5%
Telecommunications
1%
LATAM
(9% of sales)
Transportation
5%
All charts reflect 2021 financials
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.