https://www.avient.com/sites/default/files/2021-08/edgetek-phase-shift-antenna-case-study.pdf
ANTENNA
MANUFACTURER
P H A S E S H I F T A N T E N N A
• Achieved miniaturization through customized
high dielectric constant (Dk) materials
• Offered high Dk grades with superior
processing window and stability compared to
lower Dk ( < Dk6.0) grades
• Verified dimensional and electrical stability
would also meet needs of navigation system
substrate to streamline sourcing
Edgetek™ Formulations for 5G
KEY REQUIREMENTS
WHY AVIENT?
Stable electrical performance ( +/- 0.1)
• Good surface finish to prevent lamination issues
• Relatively wide processing window
• Dimensional and electrical stability
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/edgetek
https://www.avient.com/sites/default/files/2021-01/case-study-one-pager-lubrione-vacuum-cleaner-gear.pdf
Offered one-stop solution for technology
services to meet customer demands of
cost and performance
LubriOne™ LB6600-8019 AR NC001
Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/lubrione-internally
https://www.avient.com/sites/default/files/2021-08/resound-r-pc-phone-case-one-pager-case-study.pdf
INCIPIO
P H O N E C A S E
• Customized a post-consumer recycle (PCR)
grade formulated with 30% recycled content
that delivered similar performance to a
prime PC grade
• Achieved high yield rate through strict
quality control over recycled products
• Offered RoHS and REACH compliant
solution to support applications with
regulatory requirements
reSoundTM R PC Recycled Material
WHY AVIENT?
KEY REQUIREMENTS
• Post-consumer recycled material to reduce carbon
footprint
• Maintain high transparent color even after using recycled
PC
• Stable color range and strict black spot control
https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/resound-r-pc-recycled-polycarbonate-solutions
https://www.avient.com/sites/default/files/2020-11/off-road-vehicle-hood-panel-case-study-brief.pdf
OFF-ROAD VEHICLE
BRAND
H O O D P A N E L
• High gloss
• Scratch appearance resistance
• Ease of processing
• Provided technical support from concept to
production
• Conducted FEA and mold flow analysis
• Had solutions for either natural plus
concentrate or pre-colored to best meet
customer needs
• Customized colors to match brand identity
and preference
Artisan™ Nylon PA6 Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/artisan-pre-colored-thermoplastics-paint-replacement
https://www.avient.com/sites/default/files/2022-03/Trilliant HC Conductive Pipette Tips Application Snapshot.pdf
LEADING BIOTECH
MANUFACTURER
C O N D U C T I V E P I P E T T E T I P S
• Accuracy of liquid measurements
• Hydrophobic properties to minimize fluid retention
• Concentric dimensional stability and warp resistance
• High flow properties for multi-cavity molds
• Offered consistent electrical conductivity to
achieve repeatable part performance and
minimize failures from inconsistent
conductivity
• Provided high flow grade with easy
processing to improve efficiency and cost
effectiveness
• Achieved high stiffness and warp
resistance, minimizing the rejection rate
Trilliant™ HC Conductive Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/engineered-polymer-formulations/chemical-corrosion-resistant-formulations/trilliant-hc-healthcare-thermoplastics
https://www.avient.com/sites/default/files/2024-04/Case Study One Pager Nymax - Roof Rack - English _2_.pdf
MAJOR
AUTOMOTIVE OEM
R O O F R A C K
• Impact resistance
• UV stability over time
• Color match to specific black color
• Developed a supply chain agreement to
ensure reliable supply and mitigate risk
• Provided just-in-time delivery to help the
customer keep working capital low and
maximize warehouse space
• Provided a product that supports sustainability
to potentially enhance the marketplace appeal
of the customer’s end product
Nymax™ REC Recycled Nylon Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/nymax-post-industrial-recycled
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-nymax-pir-marine-accessories.pdf
OUTDOOR HIGH
PERFORMANCE
MANUFACTURER
M A R I N E A C C E S S O R I E S
• High strength
• High UV resistance
• Structural stiffness
• Provided multiple nylon grades for several
marine accessories
• Complemented customer expertise with
application development insight and
technical support in material selection
• Eliminated supply concerns by serving as a
single, stable source for numerous materials
Nymax™ PIR Post-Industrial Recycled Nylon
Formulations
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/nymax-post-industrial-recycled
Outdoor High Performance manufacturer
https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
We have not wavered from our strategy of becoming a specialty formulator.
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022 2021 2022 2021
Sales:
Color, Additives and Inks $ 565.6 $ 586.6 $ 1,864.2 $ 1,820.3
Specialty Engineered Materials 258.2 231.7 743.6 685.3
Corporate and eliminations (0.5) (0.3) (1.3) 2.9
Sales $ 823.3 $ 818.0 $ 2,606.5 $ 2,508.5
Gross margin:
Color, Additives and Inks $ 161.3 $ 172.1 $ 546.8 $ 563.0
Specialty Engineered Materials 66.9 61.4 201.3 192.6
Corporate and eliminations (32.8) (17.9) (37.4) (28.3)
Gross margin $ 195.4 $ 215.6 $ 710.7 $ 727.3
Selling and administrative expense:
Color, Additives and Inks $ 92.7 $ 105.3 $ 290.1 $ 321.1
Specialty Engineered Materials 35.5 31.4 96.4 94.2
Corporate and eliminations 26.6 26.1 81.3 82.4
Selling and administrative expense $ 154.8 $ 162.8 $ 467.8 $ 497.7
Operating income:
Color, Additives and Inks $ 68.6 $ 66.8 $ 256.7 $ 241.9
Specialty Engineered Materials 31.4 30.0 104.9 98.4
Corporate and eliminations (59.4) (44.0) (118.7) (110.7)
Operating income $ 40.6 $ 52.8 $ 242.9 $ 229.6
Depreciation & amortization:
Color, Additives and Inks $ 24.2 $ 26.6 $ 76.1 $ 79.2
Specialty Engineered Materials 12.9 7.9 28.4 23.8
Corporate and eliminations 2.7 2.1 9.2 4.1
Depreciation & Amortization $ 39.8 $ 36.6 $ 113.7 $ 107.1
Earnings before interest, taxes, depreciation and
amortization (EBITDA):
Color, Additives and Inks $ 92.8 $ 93.4 $ 332.8 $ 321.1
Specialty Engineered Materials 44.3 37.9 133.3 122.2
Corporate and eliminations (56.7) (41.9) (109.5) (106.6)
Other (expense) income, net (32.3) 1.6 (31.3) 4.3
EBITDA $ 48.1 $ 91.0 $ 325.3 $ 341.0
13
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses gross margin before special items and operating income before special items to assess performance
and allocate resources because senior management believes that these measures are useful in understanding current profitability
levels and how it may serve as a basis for future performance.
https://www.avient.com/sites/default/files/2024-10/Avient Announces Third Quarter 2024 Results.pdf
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.
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024 2023 2024 2023
Sales:
Color, Additives and Inks $ 521.5 $ 486.5 $ 1,578.8 $ 1,548.0
Specialty Engineered Materials 294.6 267.9 917.1 878.4
Corporate (0.9) (0.7) (2.0) (2.6)
Sales $ 815.2 $ 753.7 $ 2,493.9 $ 2,423.8
Gross margin:
Color, Additives and Inks $ 172.8 $ 156.8 $ 528.5 $ 482.9
Specialty Engineered Materials 89.0 78.3 290.7 263.7
Corporate (0.4) (39.8) (22.0) (63.0)
Gross margin $ 261.4 $ 195.3 $ 797.2 $ 683.6
Selling and administrative expense:
Color, Additives and Inks $ 97.3 $ 92.3 $ 292.1 $ 284.8
Specialty Engineered Materials 52.6 48.0 158.1 150.6
Corporate 34.3 20.7 103.3 94.5
Selling and administrative expense $ 184.2 $ 161.0 $ 553.5 $ 529.9
Operating income:
Color, Additives and Inks $ 75.5 $ 64.5 $ 236.4 $ 198.1
Specialty Engineered Materials 36.4 30.3 132.6 113.1
Corporate (34.7) (60.5) (125.3) (157.5)
Operating income $ 77.2 $ 34.3 $ 243.7 $ 153.7
Depreciation & amortization:
Color, Additives and Inks $ 21.9 $ 24.6 $ 65.6 $ 76.1
Specialty Engineered Materials 20.7 20.5 61.1 61.6
Corporate 2.5 1.3 7.6 6.8
Depreciation & amortization $ 45.1 $ 46.4 $ 134.3 $ 144.5
Earnings before interest, taxes, depreciation and
amortization (EBITDA):
Color, Additives and Inks $ 97.4 $ 89.1 $ 302.0 $ 274.2
Specialty Engineered Materials 57.1 50.8 193.7 174.7
Corporate (32.2) (59.2) (117.7) (150.7)
Other (expense) income, net (0.3) 1.0 (2.1) 1.5
EBITDA from continuing operations $ 122.0 $ 81.7 $ 375.9 $ 299.7
Special items, before tax 9.7 43.2 44.0 92.2
Interest expense included in special items (1.3) (2.2) (2.3) (2.2)
Depreciation & amortization included in special items (0.4) — (1.2) (1.9)
Adjusted EBITDA $ 130.0 $ 122.7 $ 416.4 $ 387.8
12
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses gross margin before special items and operating income before special items to assess performance
and allocate resources because senior management believes that these measures are useful in understanding current
profitability levels and how it may serve as a basis for future performance.
https://www.avient.com/sites/default/files/2020-09/oncolor-hc-product-bulletin-1.pdf
OnColor™ HC and OnColor™ HC Plus
Colorants for Healthcare
OnColor™ HC and HC Plus Colorants have been
specially formulated for the healthcare industry.
These customizable color solutions enhance
brand value and promote product differentiation
for medical device, cosmetic, or pharmaceutical
polymer applications.
KEY CHARACTERISTICS
• Polymer colorants formulated specifically for
healthcare product applications
• Meets and exceeds various material
performance requirements including
FDA 21 CFR, ISO 10993 and USP Class VI
• HC Plus colorants certified for bio-compatibility
• Available as pre-color, concentrate,
masterbatch or Smartbatch™ combined
colorant/additive solution
• Wide range of colors, striking special effects
and custom color matching
MARKETS AND APPLICATIONS
OnColor™ HC and HC Plus Colorants are an
excellent choice for medical devices and parts,
pharmaceutical or cosmetic packaging, and many
other healthcare related polymer applications.