https://www.avient.com/news/avient-showcase-world-s-strongest-fiber-and-high-performance-engineered-fibers-techtextil-2024
The Fiber-Line portfolio includes custom-formulated composite yarns for high-performance consumer applications, water-blocking yarns, reinforced polymer fibers, strength members for ropes and cord structures, reinforcement yarns, industrial yarns, and wire harness yarns for applications in industrial, oil and gas, and fiber optic markets.
https://www.avient.com/news/white-new-white-polyone-launches-wilflex-universal-white-ink-textile-screen-printing
EPIC Single LC White is an addition to Wilflex’s existing portfolio of white inks, which will soon be introduced in upgraded formulations, including:
• EPIC Top Score LC White – aimed at 100% polyester sports apparel,
ideal for short run jobs
• EPIC Polywhite LC – provides greater bleed resistance for 100% polyester
sports garments
• EPIC Performance LC White – combines low bleed with ultra-stretch
properties
• EPIC Amazing Bright White – upgraded to improve bleed resistance and
opacity on cotton poly blends
About PolyOne
PolyOne Corporation, with 2016 revenues of $3.3 billion, is a premier provider of specialized polymer materials, services and solutions.
https://www.avient.com/news/alliqua-biomedical-relies-polyone’s-resilience-hc-housings-stand-disinfectants
The device housing features Resilience™ HC, a rigid vinyl formulation designed to resist stress cracking from exposure to a wide range of hospital disinfectants.
About PolyOne
PolyOne Corporation, with 2016 revenues of $3.3 billion, is a premier provider of specialized polymer materials, services and solutions.
https://www.avient.com/idea/composite-tripod-stands-out-crowd
The tripod designers consulted with the advanced composite product experts at Avient, and trialed several formulations of Polystrand™ continuous fiber-reinforced thermoplastic composites.
The thermoplastic polymer base resin used also enables recyclability to support the company’s sustainability goals.
https://www.avient.com/knowledge-base/case-study/military-grade-protection-us-soldiers?rtype[]=1164
GlasArmor panels made with fiber-reinforced polymer (FRP) composites provide excellent ballistic stopping power for the MPS while meeting the requirement of being lightweight and portable.
The MPS incorporates Avient’s custom-formulated GlasArmor ballistic panels that meet Level 3 protection under Underwriters Laboratories (UL) 752 standards for ballistic resistance.
https://www.avient.com/knowledge-base/case-study/military-grade-protection-us-soldiers?ind[]=6595
GlasArmor panels made with fiber-reinforced polymer (FRP) composites provide excellent ballistic stopping power for the MPS while meeting the requirement of being lightweight and portable.
The MPS incorporates Avient’s custom-formulated GlasArmor ballistic panels that meet Level 3 protection under Underwriters Laboratories (UL) 752 standards for ballistic resistance.
https://www.avient.com/idea/tough-enough-protect-power-grid
Ballistic-resistant panels made with fiber-reinforced polymer (FRP) composites offer key properties enabling Southern States to meet its customers’ critical needs.
Southern States’ ballistic-resistant solutions incorporate three layers of uniquely formulated GlasArmor composite panels to achieve Underwriters Laboratories (UL) Level 8 protection.
https://www.avient.com/products/polymer-colorants/fiber-colorants/renol-fiber-colorants
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Products //
Polymer Colorants //
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Renol™ Fiber Colorants
Formulated with PET, PBT, PA 6 carriers
https://www.avient.com/investor-center/news/avient-announces-record-fourth-quarter-and-full-year-2021-results
has been transformational to our portfolio and helped us become the specialty formulator we are today.
Specialty Engineered Materials
Specialty Engineered Materials
https://www.avient.com/sites/default/files/2024-11/AVNT M11 Investor Presentation_w_Non-GAAP.pdf
&
Canada
64%
Specialty
Engineered
Materials
Color
Additives
and Inks
41%
23%
19%
10% 5% 4%
Building &
Energy Telecom
Geography
Segment
Industry
2024 Financial Guidance
$525 to $530 million
Adjusted EBITDA
$2.63 to $2.67
Adjusted EPS
4
Industry Sustainability Standards
ESG Ratings Performance
1
4
87th
94th
percentile
Avient CDP Score:
A-
SUSTAINABILITY PERFORMANCE
AND RECOGNITION
O CTO BE R 3 1 , 2024
W EB CAS T
P RE SE N TATI O N
6
Q3 2024 HIGHLIGHTS
• 8.5% organic sales growth driven by broad-based
growth across all regions and most end markets in both
CAI and SEM segments
• Growth stemmed from gaining share, winning new
product specifications and restocking in certain end
markets
• Both segments expanded YoY EBITDA margins by 40
bps each
• Adjusted EPS of $0.65, an increase of 14% vs the
prior year
• Successfully refinanced $650M outstanding senior
notes due 2025; extending maturity to 2031
• Increased dividend 5% to $1.08 on an annualized
basis; 14th consecutive increase
Adj.
Further, as a result of Avient's portfolio shift to a pure play specialty formulator, it has completed several
acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization.
A reconciliation of these measures to their most directly comparable GAAP measures is provided in the tables below.
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 38.2 $ 0.41 $ 5.1 $ 0.06
Special items, after-tax 6.6 0.07 32.0 0.35
Amortization expense, after-tax 15.0 0.16 15.2 0.16
Adjusted net income / EPS $ 59.8 $ 0.65 $ 52.3 $ 0.57
(1) Per share amounts may not recalculate from figures presented herein due to rounding
Three Months Ended
Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023
Net income from continuing operations – GAAP $ 38.7 $ 5.1
Income tax expense (benefit) 11.3 (0.1)
Interest expense, net 26.9 30.3
Depreciation & amortization 45.1 46.4
EBITDA from continuing operations $ 122.0 $ 81.7
Special items, before tax 9.7 43.2
Interest expense included in special items (1.3) (2.2)
Depreciation & amortization included in special items (0.4) —
Adjusted EBITDA $ 130.0 $ 122.7
Adjusted EBITDA as a percent of sales 15.9 % 16.3 %
1
2024 2023
Sales:
Color, Additives and Inks $ 521.5 $ 486.5
Specialty Engineered Materials 294.6 267.9
Corporate (0.9) (0.7)
Sales $ 815.2 $ 753.7
Operating income:
Color, Additives and Inks $ 75.5 $ 64.5
Specialty Engineered Materials 36.4 30.3
Corporate (34.7) (60.5)
Operating income $ 77.2 $ 34.3
Depreciation & amortization:
Color, Additives and Inks $ 21.9 $ 24.6
Specialty Engineered Materials 20.7 20.5
Corporate 2.5 1.3
Depreciation & amortization $ 45.1 $ 46.4
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 97.4 $ 89.1
Specialty Engineered Materials 57.1 50.8
Corporate (32.2) (59.2)
Other (expense) income, net (0.3) 1.0
EBITDA from continuing operations $ 122.0 $ 81.7
Special items, before tax 9.7 43.2
Interest expense included in special items (1.3) (2.2)
Depreciation & amortization included in special items (0.4) —
Adjusted EBITDA $ 130.0 $ 122.7
Adjusted EBITDA as a percent of sales:
Color, Additives and Inks 18.7 % 18.3 %
Specialty Engineered Materials 19.4 % 19.0 %
Year Ended
December 31, 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS
Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83
Special items, after-tax 79.3 0.86
Amortization expense, after-tax 61.5 0.67
Adjusted net income / EPS $ 216.6 $ 2.36
Adjusted Free Cash Flow Calculation December 31, 2023
Cash provided by operating activities $ 201.6
Capital expenditures (119.4)
Free cash flow 82.2
Taxes paid on gain on sale of business 104.1
Adjusted free cash flow $ 186.3
Year Ended
December 31, 2023
Sales:
Color, Additives and Inks $ 2,007.4
Specialty Engineered Materials 1,138.2
Corporate (2.8)
Sales $ 3,142.8
Operating income:
Color, Additives and Inks $ 259.9
Specialty Engineered Materials 142.5
Corporate (205.6)
Operating income $ 196.8
Depreciation & amortization:
Color, Additives and Inks $ 98.3
Specialty Engineered Materials 81.5
Corporate 9.0
Depreciation & amortization $ 188.8
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 358.2
Specialty Engineered Materials 224.0
Corporate (196.6)
Other income, net 5.8
EBITDA from continuing operations 391.4
Special items, before tax 114.6
Interest expense included in special items (2.3)
Depreciation & amortization included in special items (1.9)
Adjusted EBITDA $ 501.8
Adjusted EBITDA as a percent of sales 16.0 %
3
Avient M11 Investor Presentation.pdf
IR Deck - AVNT-2024.09.30 (M11) - 11.05.24 11AM.pdf
Attachment