https://www.avient.com/sites/default/files/2021-04/avient-sustain-2019-210419-interactive.pdf
As the
company began to evolve into a
specialty company, we focused on
putting our customers and their
needs first, then looking inward to
make a difference.
In 2013, the program was extended to the rest of the company globally.
Doing so adds value to both the
world and our company.
https://www.avient.com/sites/default/files/2020-10/2019-avient-sustainability-report.pdf
As the
company began to evolve into a
specialty company, we focused on
putting our customers and their
needs first, then looking inward to
make a difference.
In 2013, the program was extended to the rest of the company globally.
Doing so adds value to both the
world and our company.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Press Release.pdf
The company reported third quarter sales of $754 million compared to $823 million in the prior
year.
Commenting on the company’s outlook, Mr.
The question and answer session will follow the
company’s presentation and prepared remarks.
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-news-release.pdf
The company noted that GAAP EPS includes special items (Attachment
3), which impacted EPS in both periods.
There will be a question and answer session following the company’s presentation and prepared
remarks.
Each of such adjustments has not yet
occurred, are out of the Company's control and/or cannot be reasonably predicted.
https://www.avient.com/sites/default/files/resources/Replacing%2520Metal%2520with%2520Vinyl_0.pdf
While its product range is broad, this
company specializes in outdoor lighting.
At first, they experimented with pre-colored
ABS, but the ABS parts failed the company’s
requirements for color retention after exposure
to UV light.
Geon
M5705 material passed the company’s internal
testing requirements, including color retention
after exposure to UV light.
https://www.avient.com/sites/default/files/2021-04/avient-colorants-netherlands-b.v.-extract-coc-apr-12-2021.pdf
titel
20
21
-0
4-
12
1
4:
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8
Business Register extract
Netherlands Chamber of Commerce
CCI number 34246357
Page 1 (of 2)
Legal entity
RSIN 815617781
Legal form Besloten Vennootschap (comparable with Private Limited Liability Company)
Statutory name Avient Colorants Netherlands B.V.
Company
Trade name Avient Colorants Netherlands B.V.
Company start date 11-04-2006
Activities SBI-code: 46751 - Wholesale of basic and industrial chemicals
Employees 4
Establishment
Establishment number 000019561423
Trade name Avient Colorants Netherlands B.V.
https://www.avient.com/content/colormatrix-global-email-disclaimers
French
https://www.avient.com/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
Pro Forma Financial Information
The Company acquired Avient Protective Materials (“Dyneema”) on September 1, 2022 (the “Acquisition Date”) and sold the Distribution segment on November 1, 2022.
Innovation is the lifeblood of a specialty company.
GUIDANCE
(TOTAL COMPANY PRO FORMA)
7
$100
$107
Guidance Pro Forma
$0.33
$0.42
Guidance Pro Forma
Adjusted EBITDA Adjusted EPS
(in millions)
$200
$293
Guidance Actual
Free Cash Flow
(in millions)
FY 2022 VS.
https://www.avient.com/sites/default/files/2023-01/2023_GPTW_Website_Graphic.pdf
A Great Place to Work
With all the time, effort and resources we invest to
build our culture and support our associates, we have
been honored to receive awards that showcase our
company and people.
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
For the same reasons, Avient is unable to address the probable significance of the unavailable information.
2
O P E N I N G RE MARK S
4
REGIONAL DEMAND TRENDS-TOTAL COMPANY
Q 1 S A L E S V S P Y ( E X C L U D I N G F X )
4
+2%
-6%
Flat
+2%
Avient ex.
Q1 2023
(TOTAL COMPANY)
$846 $829
$134
$143
17.3%
(in millions)
$0.63
$0.76
Adjusted EPS
(in millions)
+ 7% + 21%
Sales Adjusted EBITDA Adjusted EPS
6
- 2%
15.8%
+150 bps
Q1 2024 SEGMENT PERFORMANCE
(COLORS, ADDITIVES & INKS)
$537
$515
$91
$97
18.8%
(in millions) (in millions)
+ 7%
7
- 4%
17.0%
+180 bps
• Year over year demand
continues to improve for the
segment but slowly due to
continued weakness in Europe
• Raw material deflation & cost
reduction actions primary drivers
of adjusted EBITDA growth and
margin expansion of +180 bps vs
Q1 2023
Q1 2024 SEGMENT PERFORMANCE
(SPECIALTY ENGINEERED MATERIALS)
$310
$314
$64
$73
23.2%
(in millions) (in millions)
+ 14%
8
+ 1%
20.8%
+240 bps
• Sales growth in defense end
market offset by weaker
demand in telecommunications
end market
• Raw material deflation and
favorable mix impact from
defense sales primary drivers
of adjusted EBITDA growth and
margin expansion of +240 bps
vs Q1 2023
Q1 EBITDA BRIDGE
(TOTAL COMPANY)
9
$ millions
CAI:
Price / Mix (1)
Deflation 16
SEM:
Price / Mix 4
Deflation 7
Net Price Benefit 26
Wage/Other Inflation (9)
FX (2)
Q1 2024 $143
Adjusted
EBITDA
Q1 2023 $ 134
Demand (6)
• Positive net price benefit:
o Favorable raw material
deflation in both segments
• Wage and other inflation more than
offset cost reductions/synergies
2024 G U I DAN CE
FY 2024 GUIDANCE
Original Revised
Adjusted EBITDA $505 to $535 million $510 to $535 million
Adjusted EPS $2.40 to $2.65 $2.50 to $2.65
Interest Expense $105 to $110 million $105 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures ~$140 million ~$140 million
11
Q2 2024: Adjusted EPS of $0.71
CE O “ TO P O F MI N D”
FO CU S ARE AS
AREAS OF FOCUS
13
+7%
Drive Profitable Organic
Top-Line Growth with
Margin Expansion
Amplify Innovation Build Leadership & Talent
Pipeline
AP P E N DI X
16
Performance
Additives
15%
Pigments
TiO2
Dyestuffs
Polyethylene
10%Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
41%
36%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
23%Industrial
Building and
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
7%
18
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2023 REVENUE | $2 .0 BILLION
34%
37%
21%
END MARKET REGION
19
34%
21%
15%
Building &
1% Energy
COLOR, ADDITIVES & INKS
2023 REVENUE | $1 .1 BILLION
52%
35%
20
6%Industrial
12%
10% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
26%
Building &
6%
2% Defense
1%
(18% of sales)
2023 AVIENT REGIONAL SALES
25%
Building &
(36% of sales)Transportation
22%
Building &
12%
6%
US &
Canada
(41% of sales)
59%
22%
Building &
LATAM
(5% of sales)
21
BY END MARKET
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.
The presentation of these measures may be different from non-GAAP financial measures used by other companies.