https://www.avient.com/news/avient-supports-cleaner-environment-aepw’s-all-together-global-cleanup
Examples include:
• Barrier technologies that preserve the shelf-life and quality of food, beverages, medicine and other perishable goods through high-performance materials that require less plastic
• Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation
• Breakthrough technologies that minimize wastewater and improve the recyclability of materials and packaging across a spectrum of end uses
https://www.avient.com/news/avient-launches-new-resound-rec-thermoplastic-elastomers-recycled-content-pc/abs-overmolding
The new formulations are Avient’s first PCR-containing TPE technology developed primarily for overmolding polycarbonate (PC), acrylic butadiene styrene (ABS), and PC/ABS blends in applications from consumer electronics, cosmetics packaging, and personal care items to power tools and toys.
Avient is also working to extend the portfolio with customized grades to meet specific application needs like color, hardness, and required recycled content percentage.
Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy
https://www.avient.com/sites/default/files/2023-05/Cesa Light Diffusion Additives for Automotive - Product Overview.pdf
Cesa™ Light Diffusion Additives
for the Transportation Industry
Lighting is a central aspect in the interior design
of a vehicle, for reasons both aesthetic and
functional.
We offer solutions for the
transparent and translucent thermoplastics used in
the automotive industry (typically PMMA and PC).
Most applications require that the light
source be somewhat or well hidden.
https://www.avient.com/sites/default/files/2021-12/Orthopedic Fixator Application Snapshot.pdf
EXTERNAL FIXATOR
DEVICE
S T A B I L I Z I N G R O D S
• Durable material that withstands everyday use
• Light weight for easy customer handling
• Precise stiffness to support load requirements and extend
product lifetime
• Maintained stiffness and straightness
necessary for halo applications
• Provided superior strength-to-weight ratio
vs. metal
• Appealed to aesthetics while maintaining
high performance needs
• Maximized user comfort via customized
Avient Design services
Glasforms™ Carbon Fiber Rods
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-pultruded-rods-tubes-custom-profiles
https://www.avient.com/sites/default/files/2021-07/colormatrix-lcx-for-ebm-product-bulletin.pdf
PRODUCT BULLETIN
ColorMatrix™ Liquid Dispersion
for Extrusion Blow Molding
Avient’s ColorMatrix™ LCX liquid color products are
the latest advancement in technology to deliver
stable pigment dispersions for the extrusion blow
molding (EBM) process.
ColorMatrix
LCX dispersions are designed to minimize and
eliminate screw slip, streaking and specking, all
while generating cost-to-color savings through
processing efficiencies that include:
• Handling efficiency – bulk distribution,
individual feed stations
• Inventory reduction – less inventory
and required floor space
• Process efficiency – improved color
change times
KEY CHARACTERISTICS
• Highly concentrated pigment dispersions
specifically for EBM processing
• Provides dimensional stability by utilizing more
resin instead of fillers
• Reduces costs through handling
and processing efficiencies
• Customization available for design
and product handling
• Can be formulated in combination with
a wide selection of additive technologies
to meet performance needs
MARKETS AND APPLICATIONS
ColorMatrix LCX Liquid Dispersions for EBM
processing are well suited for the following:
• Monolayer applications
• LDR less than 3%
• Large volume whites and blacks
• Tints
1.844.4AVIENT
www.avient.com
Copyright © 2021, Avient Corporation.
https://www.avient.com/idea/how-perfect-thermal-management-led-lighting-applications
Heat sinks are often complex and may even require fans for forced convection.
Recent advances in polymer technology make it possible to formulate thermally conductive plastics that manage heat just as effectively overall as their metal counterparts.
First find a component’s heat dissipation requirements by conducting a heat analysis.
https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization
expense associated with intangible assets.
2
3
AVIENT OVERVIEW
OUR VISION: Creating specialized and sustainable materials solutions that transform customer challenges into opportunities, bringing new products to life for a better world
2023 Financial ResultsCompany Overview Revenue By:
9,300
Employees
102
Manufacturing
Sites
20,000+
Customers
Key Highlights
Premier formulator of specialized
and sustainable materials solutions
Asset-light business model, with
flexibility to adapt to customer needs
Best-in-class technology and service
(140+ PhDs / 2,500+ patents)
History of transformation through
successful M&A while consistently
returning cash to shareholders
Poised for continued future growth in
excess of GDP
$3.14B
Revenue
$2.36
Adjusted EPS
$502M
Adjusted EBITDA
16.0%
Adjusted EBITDA Margins
$186M
Adjusted Free Cash Flow
Over $1B in share
buybacks since 2011
Raised dividend for
13 consecutive years,
a 15% CAGR since
2011
U.S. &
Canada
EMEA
Asia
Latin America
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
41%
36%
18%
5%
7%
7%
23%
19%
9%
16%
10% 5% 4%
Defense
Healthcare
Packaging
Consumer
Building &
Construction
Industrial
Transportation
Energy Telecom
Geography
Segment
Industry
4
CRE AT ING A WORL D-CL AS S
S US TAINABL E ORGANIZ AT ION
1. 6% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
Continue fostering our Great
Place to Work® culture
Strategic Objectives
Long Term
Growth
Rates
Growth Drivers
$340
$455
$790
$1,135
2016 2018 2020 2023
$51
$84
$212
$645
2016 2018 2020 2023
$108 $113
$231 $230
2016 2018 2020 2023
$265
$358
$726 $725
2016 2018 2020 2023
8-12% 8-10% 8-10% 5%
Sustainable Solutions Composites Healthcare Asia/Emerging Regions
Profitable Growth Great Place to Work
5.4%
10.9%
16.0%
2006 2014 2023
EBITDA Margins
$0.14
$1.93
$2.36
2006 2014 2023
Adjusted EPS
TOP -T IE R S US TAINABIL IT Y P E RF ORM ANCE
AND RE COGNIT ION
Industry Sustainability Standards
ESG Ratings Performance
1
2
4
87th
94th
percentile
5
Avient CDP Score:
A-
F E B R U A R Y 1 4 , 2 0 2 4
W E B C A S T
P R E S E N T AT I O N
DR.
PY
( T O TA L C O M PA N Y )
$790
$719
2022 2023
$107
$114
2022 2023
Sales Adjusted EBITDA
(in millions)
$0.42
$0.52
2022 2023
Adjusted EPS
(in millions)
- 9% + 7% + 24%
Sales Adjusted EBITDA Adjusted EPS
15
Q4 2023 SEGMENT PERFORMANCE
16
CAI
$491
$459
Sales
(in millions)
$70
$84
EBITDA
SEM
$301
$260
Sales
$55
$49
EBITDA
- 7% - 14%+20% - 11%
2022 2023
(in millions)
Q4 EBITDA BRIDGE
( T O TA L C O M PA N Y )
17
$ millions
CAI:
Price / Mix 11
Deflation 14
SEM:
Price / Mix 4
Deflation 9
Net Price Benefit 38
Cost Reductions 13
Wage Inflation (8)
Other (2)
Q4 2023 $114
Adjusted
EBITDA
Q4 2022 $ 107
Demand (34) • Demand was down, but less than in previous
quarters, due to slowing pace of destocking
• Positive net price benefit:
o CAI – Pricing flat with favorable mix from
uptick in packaging and consumer end
markets and raw material deflation
o SEM - Pricing flat with favorable mix from
Composites and raw material deflation
• Cost reductions primarily driven by reduced
administrative costs and cost synergies
2 0 2 4 G U I D A N C E
2024 GUIDANCE
Full Year 2024 Guidance
Adjusted EBITDA $505 to $535 million
Adjusted EPS $2.40 to $2.65
Interest Expense $105 to $110 million
Adjusted Effective Tax Rate 23% to 25%
Capital Expenditures ~$140 million
19
Q1 Adjusted EPS of $0.68
A P P E N D I X
21
Performance
Additives
15%
Pigments
13%
TiO2
9%
Dyestuffs
2%
Polyethylene
10%Nylon
5%
Polypropylene
4%
Styrenic Block
Copolymer
4%
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RA W MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
41%
EMEA
36%
Asia
18%
Latin America
5%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
19%
Packaging
23%Industrial
16%
Building and
Construction
9%
Telecommunications
4%
Energy
5%
Defense
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
Transportation
10%
Healthcare
7%
23
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2 0 2 3 R E V E N U E | $ 2 . 0 B I L L I O N
US & Canada
34%
EMEA
37%
Asia
21%
Latin America
8%
END MARKET REGION
24
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
9%
Building &
Construction
10%
Telecommunications
1% Energy
2%
COLOR, ADDITIVES & INKS
2 0 2 3 R E V E N U E | $ 1 . 1 B I L L I O N
US & Canada
52%
EMEA
35%
Asia
13%
25
Packaging
5%
Consumer
16%
Healthcare
6%Industrial
16%
Transportation
12%
Telecommunications
9%
Energy
10% Defense
18%
Building &
Construction
8%
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
Packaging
32%
Consumer
26%
Healthcare
9%
Industrial
13%
Building &
Construction
6%
Telecommunications
2%
Energy
2% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 3 AV I E N T R E G I O N A L S A L E S
Packaging
25%
Consumer
13%
Healthcare
5%
Industrial
18%
Building &
Construction
9%
Energy
5%
Defense
8%
EMEA
(36% of sales)Transportation
13%
Packaging
13%
Consumer
22%
Healthcare
10%
Industrial
16%
Building &
Construction
12%
Energy
6%
Defense
8%
US &
Canada
(41% of sales)
Transportation
9%
Packaging
59%
Consumer
22%
Healthcare
2%
Industrial
8%
Building &
Construction
4%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
4%
Telecommunications
4%
26
B Y E N D M A R K E T
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/2022-12/15719637-22-AVIENT ESPAÑA SL-INGLES.pdf
Certificate Number:Certificate Number:
Certificate expiration date:Certificate expiration date:
Effective date:Effective date: 31-10-202231-10-2022
30-10-202530-10-2025
Expiry date of previous cycle:Expiry date of previous cycle: 30-10-202230-10-2022
31-10-201631-10-2016
ES133794ES133794
Scope of certification:Scope of certification:
MANUFACTURING OF MASTERBATCHES, ADDITIVESMANUFACTURING OF MASTERBATCHES, ADDITIVES
AND COMPOUNDS FOR PIGMENTING THERMOPLASTICAND COMPOUNDS FOR PIGMENTING THERMOPLASTIC
MATERIALS USED IN FOOD INDUSTRYMATERIALS USED IN FOOD INDUSTRY
ISO 22000:2018ISO 22000:2018
POLIGONO INDUSTRIAL EZCABARTE, C/H, Nº3 - 31194 - ORICAIN -
NAVARRA - ESPAÑA
AVIENT ESPAÑA, S.L.AVIENT ESPAÑA, S.L.
C/ Valportillo Primera 22-24, Edificio Caoba, 28108 Alcobendas - Madrid, España
This certificate is valid, subject to the general and specific terms and conditions of certification servicesThis certificate is valid, subject to the general and specific terms and conditions of certification services
STANDARDSTANDARD
Bureau Veritas certification certifies that the Management System Bureau Veritas certification certifies that the Management System has been audited andhas been audited and
found to be in accordance with found to be in accordance with the requirements of standard:the requirements of standard:
Awarded toAwarded to
CertificationCertification
https://e-cer.bureauveritas.com/WJLVJDYG9LKV98RP6JCHF8NPSKES0NHDXDPLOWOT1TB290DE4LNZC0JCBAI2BVWEAZ1GJWC8BMDC2TXFBGVDXP3YXG0JLAVMFN3HLEWBLUWJGXCY5PAJ8QKKSTVJYSZ9M9
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2022-12-15T10:52:43+0100
Authenticity and Integrity
2022-12-15T10:53:51+0100
BUREAU VERITAS CERTIFICATION
https://www.avient.com/news/enabling-manufacturers-expand-global-reach-new-ul-certification
UL’s independent testing and f1 certification indicates that materials are suitable for outdoor use with respect to ultraviolet light, water exposure and immersion in accordance with UL 746C requirements.
The company is dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence.
https://www.avient.com/news/polyone-helps-leading-infant-care-brand-meet-stringent-food-safety-standards-and-deliver-brand-promise
We worked closely with this customer to understand the application’s needs and were able to formulate a solution that meets today’s increasingly rigorous food-contact safety requirements,” said Charles Page, director of global marketing, PolyOne GLS Thermoplastic Elastomers.
The company is dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence.