https://www.avient.com/news/archives?page=29
Avient Launches Next Generation Low Adhesive Build-Up TPE for Protective Film Tack Layer
Caption: Avient Launches New Generation Low Adhesive Build-Up Solution for Protective Film that Prevents Adhesive Residue.
https://www.avient.com/news/archives?page=4
Newly Expanded Versaflex™ PF Thermoplastic Elastomers for Surface Protective Films with Ultra-High Adhesion Series Available from Avient
Avient Announces Expansion of Versaflex™ PF Thermoplastic Elastomers for surface protective films with new ultra-high adhesion series
To do
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives
Cesa™ Additives for Polyolefin Films
Cesa™ Anti-Fog Plus Additives for Multilayer Films
Versaflex™ PF Tack Layer For Surface Protective Films
https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches
Molded-in color hides scratches, withstands tough weather and helps you optimize manufacturing efficiency.
Cesa™ Additives for Polyolefin Films
Cesa™ Anti-Fog Plus Additives for Multilayer Films
https://www.avient.com/news/archives?page=12
Avient Unveils New Cesa™ Withstand™ Antimicrobial Additives for TPU Film in Medical and Outdoor Applications
Avient unveils new grades of Cesa™ Withstand™ to include antimicrobial and antifungal additives for TPU film-laminated products and devices in app
https://www.avient.com/news/archives?page=52
Find Inspiration in New PolyOne Online Films Design Center
CLEVELAND – PolyOne has unveiled an all-new online Decorative Films Design Center, providing visual inspiration for those who want to add inter
https://www.avient.com/sites/default/files/2020-09/sem-stain-resistant-technical-bulletin.pdf
INSTRUMENT SET-UP
Instrument Taber Linear Abraser – Model 5750
Accessory Crockmeter attachment with 16mm acrylic finger
Abradant Levi’s™ 505 Regular Cut jeans (circular cloths cut from lower part of leg)
Stroke Length 4" (100mm)
Cycle Speed 60 cycles per minute (cpm)
Load 9N (918g)
Conditions 76° F, 47% RH [conditioned > 24 hrs]
TPU
100
100
Versaflex™ CE 3320-70 Silicone
Want to test it yourself?
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
7
$133
$201
2019PF 2022E
7
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
11.9%
16.3%
2019PF 2022E
EBITDA Margins
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORIC SPECIALIZATION THROUGH M&A
8
Distribution
DSM Protective
Materials
BOLT-ON ACQUISITION HISTORY
9
Commercial
Resources
Operating Income
Operating Margins
259
363
$40
$139
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
SPECIALTY TRANSFORMATION
T O D A Y
46%
67%
86%
100%
0%
60%
80%
100%
2005 2010 2019 2021 2022 PF
%
o
f A
d
ju
st
ed
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
10
Building &
43%
14%
Telecom.
2%
2006 2022 Pro Forma
21%
Building &
Telecom.
Three Months Ended
September 30, 2022
Three Months Ended
September 30, 2021
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net (loss) income from continuing operations attributable to Avient
shareholders $ (27.4) $ (0.30) $ 33.7 $ 0.37
Special items, after tax (Attachment 3) 68.3 0.75 11.7 0.13
Amortization expense, after-tax 13.4 0.14 $ 11.0 $ 0.11
Adjusted net income / EPS $ 54.3 $ 0.59 $ 56.4 $ 0.61
2009* 2012* 2015 2018
Net income from continuing operations attributable to Avient common shareholders $ 106.7 $ 53.3 $ 144.6 $ 161.1
Joint venture equity earnings, after tax (19.0) — — —
Special items, before tax (48.7) 55.1 87.6 59.5
Special items, tax adjustments (27.2) (18.9) (58.7) (25.3)
Amortization expense, after tax 1.8 8.3 10.4 19.5
Adjusted net income from continuing operations attributable to Avient common shareholders $ 13.6 $ 97.8 $ 183.9 $ 214.8
Diluted shares 93.4 89.8 88.7 80.4
Adjusted EPS attributable to Avient common shareholders $ 0.15 $ 1.09 $ 2.08 $ 2.67
* Historical results have been updated to reflect subsequent changes to accounting principle and discontinued operations, excluding any changes as a result of
discontinued operations from the sale of the Designed Structures and Solutions segment (DSS) and the Performance Products and Solutions segment (PP&S).
1
Year Ended
December 31,
Reconciliation to EBITDA and Adjusted EBITDA: 2006 2018
Sales $ 2,622.4 $ 3,533.4
Net income from continuing operations – GAAP $ 133.5 $ 160.8
Income tax expense 29.7 36.4
Interest expense 63.1 62.8
Depreciation and amortization 57.1 91.5
EBITDA $ 283.4 $ 351.5
Special items, before tax (34.0) 59.5
Depreciation and amortization included in special items — (3.0)
JV - equity income (107.0) —
Adjusted EBITDA $ 142.4 $ 408.0
EBITDA as a % of sales 5.4 % 11.5 %
Reconciliation of Color, Additives and Inks EBITDA
Operating Income 68.6 66.8
Depreciation and amortization 24.2 26.6
EBITDA 92.8 $ 93.4
Reconciliation of Specialty Engineered Materials EBITDA
SEM(1)
Pro
forma
APM(1)
Pro
forma
SEM SEM
Pro
forma
APM
Pro
forma
SEM
Operating Income 31.4 6.3 37.7 30.0 13.9 43.9
Depreciation and amortization 12.9 10.9 23.8 7.9 18.4 26.3
EBITDA $ 44.3 $ 17.2 $ 61.5 $ 37.9 $ 32.3 $ 70.2
Reconciliation of Specialty Engineered Pro Forma Sales
Sales 258.2 231.7
Pro forma APM(1) 60.7 94.1
Pro forma sales $ 318.9 $ 325.8
Reconciliation of Avient Pro Forma Sales
Sales 823.3 818.0
Pro forma APM(1) 60.7 94.1
Pro forma sales $ 884.0 $ 912.1
(1) - Q3 2022 SEM results reflect one month of APM’s results while owned by Avient, as the acquisition closed on September 1, 2022.
https://www.avient.com/sites/default/files/2022-05/BIO additives MR snapshot 2022 Final.pdf
BIO additives MR snapshot 2022 Final
EXTRUSION CAST
PROCESSOR
T H I N P L A F I L M & B A G S
• Non-stick performance during manufacturing
• Excellent film quality with good aesthetics
• Efficient and clean process performance
• Compliant with food contact applications*
• Provided a performance additive to prevent
biodegradable resin from sticking to the
chill-roll surface
• Reduced the polymer friction factor on metal
surfaces, resulting in a better film quality
• Helped improve the manufacturing process
with fewer cleaning steps
CESA™ OnCap™ & BIO Additives
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-10/mulch-films-case-study-french.pdf