https://www.avient.com/knowledge-base/case-study/pain-therapy-device-stands-out-peers?ind[]=6598
Biowave Corporation of Norwalk, Conn., is a medical device manufacturer whose pain therapy products help patients manage pain and reduce the use of medications such as opiates.
https://www.avient.com/knowledge-base/case-study/pain-therapy-device-stands-out-peers
Biowave Corporation of Norwalk, Conn., is a medical device manufacturer whose pain therapy products help patients manage pain and reduce the use of medications such as opiates.
https://www.avient.com/products/polymer-additives/reheat-additives-pet/colormatrix-smartheat-rhc
Corporate Literature
https://www.avient.com/company/sustainability/people/safety
From these policies we create our corporate standards, which set the expectations in each of these areas.
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Microsoft PowerPoint - AVNT Q3 2022 Earnings Presentation
AVIENT CORPORATION
T H I R D Q U A R T E R 2 0 2 2 R E S U L T S
(NYSE: AVNT)
N OV E M B E R 2 , 2 0 2 2
DISCLAIMER
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
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.
The Q3 2022 "Pro Forma
APM" adjustments reflect periods prior to the acquisition date and are preliminary estimates for APM’s results for the months of July and August.
2
Reconciliation of Avient consolidated pro forma EBITDA
Avient(1)
Pro
forma
APM(1)
Pro
forma
Avient Avient
Pro
forma
APM
Pro
forma
Avient
Net income from continuing operations (27.8) 3.9 (23.9) 33.4 0.3 33.7
Income tax expense (1.2) 0.6 (0.6) 2.0 2.5 4.5
Interest expense 37.3 1.8 39.1 19.0 11.2 30.2
Depreciation and amortization 39.8 10.9 50.7 36.6 18.4 55.0
EBITDA 48.1 17.2 65.3 91.0 32.4 123.4
Special items, before tax 82.0 — 82.0 19.9 — 19.9
Interest expense included in special items (10.0) — (10.0) — — —
Depreciation included in special items (0.8) — (0.8) (0.9) — (0.9)
Adjusted EBITDA $ 119.3 $ 17.2 $ 136.5 $ 110.0 $ 32.4 $ 142.4
(1) - Q3 2022 Avient 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/2021-11/avient-design-ergonomic-design-guide.pdf
It showed less force is transmitted to the
hand by a polymer hammer shaft than a steel one.
The polymer hammer handle exhibited the lowest
acceleration gain, followed by the wood shaft and
then by the steel one.
This is one of the common analyses used to verify the quality of the mold design and process.
https://www.avient.com/sites/default/files/2020-10/tpe-overmold-design-guide.pdf
One area that product designers often misunderstand is the relationship between durometer and
COF.
One area that product designers often misunderstand is the relationship between durometer and
COF.
This type of geometry most closely
simulates a full round runner, but
requires machining in only one tool
plate.
https://www.avient.com/sites/default/files/2020-09/industrial-springs-application-bulletin2020.pdf
Bringing you one of the most comprehensive spring portfolios in the industry.
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-09/composite-furniture-springs-application-bulletin2020.pdf
Thermoset Composite Springs
For Indoor and Outdoor Furniture
APPLICATION BULLETIN
Bringing you one of the most comprehensive
spring portfolios in the industry.
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-08/composite-braces-case-study.pdf
COMPOSITE BRACE SAVES WEIGHT, IMPROVES
STRUCTURAL INTEGRITY
© 2020, All Rights Reserved
Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
To learn more, contact Avient at
+1.844.4AVIENT (1.844.428.4368)
THE CHALLENGE
A major US automotive OEM makes extensive use
of lightweight composites materials.
One such application includes the underbody braces
that contribute to vehicle stability.