https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.
2
AVI ENT: WHO WE A RE
36
24
9
35
• U.S. and Canada
• Latin America
• Europe, Middle East & Africa
• Asia
25,000+
CUSTOMERS
Headquartered in Avon Lake, OH
(Cleveland)
100+ manufacturing plants
Key Financial Data
2023E Sales $3.4 billion
2023E EBITDA $530 million
2023E EPS $2.40
100%
ARE CUSTOMIZED SOLUTIONS
TO UNIQUE SPECIFICATIONS
of
sales
3
Guidance as of May 3, 2023 Webcast
W H O W E A R E – V I S I O N , S T R AT E G Y, C U LT U R E
4
Avient Corporation (NYSE: AVNT) provides
specialized and sustainable material solutions that
transform customer challenges into opportunities,
bringing new products to life for a better world.
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
2023E(%)
36
79
87
83 81
76
73
90
79 77 76
73
69
60
22
A
vi
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t
K
W
R
P
P
G
F
U
L
A
V
Y
R
P
M
F
M
C
C
E
H
X
L
A
S
H
E
C
L
H
U
N
E
M
N
S
C
L
M U LT I P L E E X PA N S I O N
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of April 28, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $38.51.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
37
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
9.9
14.6
13.7
13.0
11.9
8.8
18.7
17.4
11.8
10.0 9.7
9.1
8.0 7.9
A
vi
e
n
t
(2
0
1
1
)
A
vi
e
n
t
(2
0
1
8
)
A
vi
e
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(2
0
2
3
)
K
W
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P
P
G
R
P
M
A
V
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F
U
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E
C
L
H
X
L
F
M
C
A
S
H
S
C
L
C
E
E
M
N
H
U
N
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/sites/default/files/2023-10/Wire _ Cable Tri-fold Selection Guide_0.pdf
PRODUCT SELECTION GUIDE
WIRE & CABLE
SOLUTIONS
Specialty Engineered
Materials
High performance insulation, jacketing,
and cross-web formulations for the
wire and cable industry
Syncure™ XLPE Cross-linkable
Polyethylene Formulations
• Ambient curing
• Flame performance
• Resistant to heat, oil, creep,
& abrasion
• Low temperature properties
• Low capital investment
• High extrusion speeds
• DBDPE-free grades available
• UL/CSA bulletins
Maxxam™ FR Flame Retardant
Polyolefin Formulations
• FEP alternative
• Fire performance
• UL 444 & plenum yellow
card compliance
• Low dielectric
• High extrusion speeds
• Thin wall extrudability
Maxxam™ SY Foamable Flame
Retardant Formulations
• Low dielectric
• Uniform cell structure
• Crush & heat resistance
• Ease of chemical foaming
ECCOH™ Low Smoke and Fume
Non-Halogen Formulations
• Improved fire safety
• Low smoke, fume, non-halogen
(LSFOH) formulations
• Chemical resistance
ECCOH™ XL Cross-Linkable Solutions
• Non-halogen, low smoke, toxicity,
& corrosiveness
• Excellent mechanical & electrical
properties
• Easily processed
• Operating temperature of 90°C
• Moisture cure technology
Synprene™ Flame Retardant
Thermoplastic Elastomers
• Flexibility
• Flame performance
• Low temperature
brittleness (LTB) resistance
• Chemical resistance
• Easily colored
FireCon™ CPE Insulation Jacketing
Formulations
• Resistance to harsh environments
• Low temperature performance
• Flame performance
• High extrusion speeds
• Sunlight resistance
FEATURES SPECIFICATION
ECCOH™ XL 8148 Non-halogen, low smoke, toxicity, & corrosiveness EN50618
Syncure™ S100FH Horizontal flame UL 44
Syncure™ S100FH-XUV Horizontal flame, UV resistant UL 44
Syncure™ S100FH-UV Horizontal flame, FV-1 flame, UV resistant UL 44, UL 4703
Syncure™ S100FV VW-1 flame UL 44
Syncure™ S100FV-UV VW1, UV resistant UL 44
Syncure™ S112NA Non-flame retardant CSA 22.2
Syncure™ S120NA Non-flame retardant NSF 61
Syncure™ S200FH Horizontal flame, DBDPE-free UL 44
Syncure™ S200FV VW-1, DBDPE-free UL 44
INSULATION FOR POWER CABLE SYSTEMS
Low Voltage Power Cables
• Flame performance
• Resistance to heat, oil, creep, & abrasion
• Low temperature performance
• Low capital investment
• High extrusion speeds
INSULATION & CROSS-WEBS FOR DATA CABLE SYSTEMS
Category Cables
• FEP alternative
• Flame performance
• Low dielectric constant
• High extrusion speeds & thin wall capability
• Chemical resistance
• Low temperature performance
• Flexibility
FEATURES SPECIFICATION
Maxxam™ FR 0521-48 R1 Low smoke & fume, non-halogen UL 444
Maxxam™ FR 0587-21 R3 Halogenated to plenum performance UL 444
Optical Fiber Cables
• Resistance to harsh environments, chemicals, & sunlight
• Low temperature brittleness (LTB) resistance
• Low smoke & toxicity
• Flexibility
• High extrusion speeds
FEATURES SPECIFICATION
ECCOH™ 6649 UV Low DD Low smoke & fume, non-halogen Meets customer-specific flame requirements
Coaxial Cables
• Flexibility
• High extrusion speeds
• Low dielectric constant
• Uniform cell structure
• Crush & heat resistance
FEATURES SPECIFICATION
Maxxam™ SY 89-22-7 Foamable Meets customer-specific flame requirements
JACKETING FOR POWER & DATA CABLE SYSTEMS
Low & Medium Voltage Jacketing
• Resistance to harsh environments, chemicals, & UV degradation
• Low temperature brittleness (LTB) resistance
• Low smoke & toxicity
• Flexibility
• High extrusion speeds
• Easily colored
FEATURES SUBMARKETS & USES
FireCon™ CPE 30-33 RoHS Black Flame retardant, flexible Building & construction, industrial, nuclear
FireCon™ CPE 37-36 RoHS Black Flame retardant, flexible Building & construction, industrial, nuclear
FireCon™ CPE 30-20 RoHS Natural Flame retardant, flexible Building & construction, industrial, nuclear
ECCOH™ 5549 UV Low smoke & fume, non-halogen, flame retardant Building & construction, industrial
ECCOH™ 6649 UV Low DD Low smoke & fume, non-halogen, flame retardant Optical fiber, ducts
ECCOH™ 5981 UV Low smoke & fume, non-halogen, flame retardant Industrial, Teck 90 wire
Synprene™ RT5180 Flame retardant, LTB resistance Building & construction, industrial
Synprene™ RT5180UV Flame retardant, LTB resistance Building & construction, industrial
Synprene™ RT3870M Flame retardant, LTB resistance Building & construction, industrial
1.844.4AVIENT
www.avient.com
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2022-09/PREPERM for 5G Application Bulletin %281%29.pdf
PREPERM™ Solutions for 5G
The increased demand for data capacity and low
latency and the growing volume of connected
devices require more base stations and higher
frequencies.
The dielectric measurement data up to 220 GHz
indicates that the dielectric properties of PREPERM
thermoplastics are stable and not dependent on
the frequency.
https://www.avient.com/sites/default/files/2021-06/colormatrix-select-brochure.pdf
COLORMATRIX SELECT WILL ENABLE:
• Immediate visibility of color
performance and cost data
for multiple formulation options
• On-demand color supply
• Full color choice with no minimum
order quantities
• Shorter development lead times
enabling faster market access and
multiple product introductions
• Assured global color consistency
• All the performance and process
efficiency advantages of ColorMatrix advanced
liquid colorants
MANUFACTURERS
TAKE CONTROL OF YOUR
COLOR SUPPLY
For manufacturers who use ColorMatrix Select will
be able to create and order color formulations online
in minutes.
CONVENTIONAL COLOR
DEVELOPMENT PROCESS
REDEFINED COLOR
DEVELOPMENT
Direct online access
to create new colors or view multiple color
formulations matching your specification
Full visibility
on color accuracy data performance,
price and regulatory status
Order samples
for dispatch within 24 hours
On-demand
color supply for production
Color Supplier
Designer
Brand
Target samples/
specifications
Target samples/
specifications
Matches
Approvals
Trials
Approvals
Manufacturer
Approvals
ApprovalsApprovals Trials
Designer BrandManufacturer
ColorMatrix Select
Color Supplier
Designer
Brand
Target samples/
specifications
Target samples/
specifications
Matches
Approvals
Trials
Approvals
Manufacturer
Approvals
ApprovalsApprovals Trials
Designer BrandManufacturer
ColorMatrix Select
Multiple rounds of sampling, trials and
approvals, usually over many weeks
COLORMATRIX
ADVANCED
LIQUID COLOR
SYSTEMS
Not all liquid colors are the same!
https://www.avient.com/sites/default/files/2025-01/Maxxam NHFR Non-Halogen Flame Retardant Polyolefins - Product Selector Guide EMEA.pdf
MAXXAM™ NHFR
NON-HALOGEN
FLAME RETARDANT
POLYOLEFINS
PRODUCT SELECTION GUIDE
Maxxam™ NHFR Polyolefins – Homopolymers
Disclaimer: The technical data provided here reflects the characteristic values of flame-retardant polypropylene materials and is not intended
as a product specification.
Product Name
H15 H XF
V2 70
MF5200-5004
NHFR V2 HS
MF5200-5005
NHFR V2 RS H
MF5200-5006
NHFR V2 RS HS
H6 H XF
V0 70
H20 H XF
V0 T 70
H6 T/05 H XF
V0 70
H6 T/10 H XF
V0 70
H6 T/20 XF
V0 T 70
H6 GF/10 XF
V070
H8 GF/20 XF
V0 70
H12 GF/25 H
XF V0 70
H6 GF/30 XF
V0 70
PE H XF
V0 70
Polymer PP PE
Flammability V2 V2 V2 V2 V0 V0 V0 V0 V0 V0 V0 V0 V0 V0
UL Listed No No No No No No No No No No No No No Yes
Reinforcement Unfilled Unfilled Talc Talc Unfilled Unfilled Talc Talc Talc Glass Filled Glass Filled Glass Filled Glass Filled Unfilled
Density (g/cm3) 1.03 0.9 0.98 1.05 1.07 1.06 1.08 1.15 1.16 1.11 1.25 1.32 1.35 1
MFI,
230°C/2.16 kg
13 20 23 20 5.5 20 6 6 6 6 7 12 5.5
E-Modulus (Tensile
Modulus - Mpa)
1900 1500 2400 2600 2500 2500 2500 3000 3000 4300 6500 7500 8250 2000
Tensile Strength
(Mpa)
25 30 32 30 26 20 26 25 23 55 70 75 78 20
Elongation (%)
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.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
84th
ESG Ratings Performance
3
1
5
5
Innovation is the lifeblood of a specialty company.
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
2023E(%)
37
79
89
83 81
76
73
90
82
77 76 74
70
58
22
A
vi
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K
W
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U
N
E
M
N
S
C
L
M U LT I P L E E X PA N S I O N
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of May 31, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $36.50.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
38
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
9.6
13.2 13.0 12.8
11.3
8.6
17.9
16.8
10.7
8.8 8.8 8.7
7.5
6.9
A
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(2
0
1
1
)
A
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8
)
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(2
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)
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F
M
C
S
C
L
C
E
A
S
H
E
M
N
H
U
N
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/sites/default/files/2021-10/maxxam-fr-category-cable-case-study.pdf
MAJOR W&C
PRODUCER
C A T E G O R Y C A B L E
• Flame retardance
• Replace fluorinated ethylene propylene (FEP)
• High tensile strength and high elongation at break
• Low dielectric constant (Dk) of 2.7-2.9 for data signal
integrity
• Satisfied stringent UL 444 requirements with
an FEP alternative to achieve cost savings
• Mitigated regulatory concerns with
comprehensive technical support during
testing and commercialization
• Met required melt strength parameters for
efficient profile extrusion
Maxxam™ FR Flame Retardant Polyolefin
Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/idea/three-ways-soft-touch-enhances-consumer-products
Specialized chemistries enable TPEs to adhere to many different plastic substrates, including polypropylene (PP), polycarbonate (PC), acrylonitrile-butadiene-styrene (ABS), PC/ABS, copolyester, polyamide, and polystyrene, for a seamless and permanent bond.
For the manufacturer of a garden sprayer, a TPE increased usability of the ABS handle by contributing anti-slip performance even when the part is wet.
https://www.avient.com/idea/lawn-and-garden-maker-adds-appeal-profitability
It required a high temperature and a strong injection pressure to bond to the acrylonitrile-butadienestyrene (ABS) substrate, which caused the resin to deform.
Product developers reported that they needed a better TPE to provide superior bonding performance with ABS without requiring high temperature and pressure during 2K molding.
Avient recommended an OnFlex-S multicomponent TPE, which offers excellent adhesion to ABS and can be molded at lower temperatures and injection pressures than competitive products.
https://www.avient.com/news/avient-introduces-new-signal-transparent-tpes-enable-high-speed-5g-transmission
This higher frequency range is required for faster data transfer, higher data capacity, and lower latency (i.e., data transmission times).
Versaflex CE 3140 grades are available globally, injection moldable, and able to be overmolded to PC, ABS, PC/ABS, and COPE.