https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?rtype[]=1164
As a thermoset, LSR can perform at continuous temperatures in excess of 200°C.
There are medical grade TPEs that can be autoclaved up to 135°C for 15 minutes, but the inherent thermoplasticity of most TPEs make them susceptible to softening under extreme heat.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Presentation.pdf
Microsoft PowerPoint - AVNT Q4 2022 Earnings Presentation
AVIENT CORPORATION
F O U R T H Q U A R T E R 2 0 2 2 R E S U L T S A N D
2 0 2 3 F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
F E B R U A RY 1 5 , 2 0 2 3
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.
EPS
$0.14
$2.67
$3.04
TOP-TIER SUSTAINABILITY PERFORMANCE
AND RECOGNITION
Industry Sustainability Standards
90th
percentile
84th
ESG Ratings Performance
1
10
PEOPLE
C U L T U R E I S E V E R Y T H I N G
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $17 million
raised since 2010
Diversity & Inclusion
11
2022 RE SU LT S
Q4 EBITDA BRIDGE
(PRO FORMA TOTAL COMPANY)
13
$ millions
CAI:
Price / Mix 42
Inflation (20)
SEM:
Price / Mix 14
Inflation (10)
Net Price Benefit 26
Wage and Energy Inflation (13)
Clariant Color Integration Synergies 4
Incentives, Other Employee Costs 21
FX (10)
Q4 2022 $107
Adjusted
Q4 2021 $ 132
Demand (50)
Russia Import Sales (3)
• Demand contraction
especially prevalent in
EMEA and Asia
• Pricing continues to cover
inflation of raw materials,
wages and energy
PROVEN TRACK RECORD OF STRONG AND
IMPROVING FREE CASH FLOW GENERATION
14
• Periods of economic
weakness have driven
higher levels of cash
generation due to
working capital
management
• Anticipate continued
strong free cash flow
generation and
conversion despite
global uncertainty
78% 78% 80% 80% 81%
78%
84% 83%
80%
0%
30%
40%
50%
60%
70%
80%
90%
2014 2015 2016 2017 2018 2019 2020 2021 2022
0
50
100
150
200
250
300
350
400
re
e
as
h
F
lo
w
C
o
n
ve
rs
io
n
re
e
as
h
F
lo
w
FCF $ AVNT FCF Conversion % S&P FCF Conversion %
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. 2020 is pro forma for Clariant Color and 2022 is pro forma for Avient Protective Materials
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
29
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
10.0
15.6
13.9 13.7
12.8
9.5
18.0 17.5
12.3
10.2 9.7
8.8 8.4
5.9
(2
01
1)
(2
01
8)
SEGMENT DATA
U.S. & Canada
40%
37%
18%
Latin America
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Building and
END MARKET REVENUE
(1) Total company adjusted EBITDA of $592M includes corporate costs
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
31
C O L O R , A D D I T I V E S & I N K S
2022 REVENUE | $2 .4 B ILL ION
US & Canada
34%
38%
Latin America
END MARKET REGION
32
34%
21%
Building &
1% Energy
2%
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
US & Canada
52%
35%
REGION
33
19%
8%Industrial
16%
Building &
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
27%
14%
17%
Building &
(37% of sales)Transportation
12%
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
34
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/knowledge-base/article/whats-difference-tpes-vs-silicones
As a thermoset, LSR can perform at continuous temperatures in excess of 200°C.
There are medical grade TPEs that can be autoclaved up to 135°C for 15 minutes, but the inherent thermoplasticity of most TPEs make them susceptible to softening under extreme heat.
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?ind[]=21537
As a thermoset, LSR can perform at continuous temperatures in excess of 200°C.
There are medical grade TPEs that can be autoclaved up to 135°C for 15 minutes, but the inherent thermoplasticity of most TPEs make them susceptible to softening under extreme heat.
https://www.avient.com/sites/default/files/2023-10/2023 Syncure Wire and Cable Product Selection Guide.pdf
Syncure™ XLPE
Cross-linkable
Polyethylene
Formulations
FOR LOW VOLTAGE CABLES
PRODUCT SELECTION GUIDE
Syncure™ XLPE
MOISTURE CROSS-LINKABLE POLYETHYLENE INSULATION FOR LOW VOLTAGE CABLE SYSTEMS
SYSTEM S100FH S100FH-XUV S100FH-UV S100FV S100FV-UV S112NA S120NA S200FH S200FV
Applications Building Wire,
Building Wire,
Photo-Voltaic (PV)
Wire
Building Wire,
Teck-90 Pipe and Tube Building Wire, Tray Cable,
Service Entrance
Building Wire, Tray Cable,
Service Entrance
Specification UL 44 UL 44 UL 44, UL 4703 UL 44 UL 44 CSA 22.2 Suitable for
NSF 61 UL 44 UL 44
Wire Type XHHW-2, RHW-2, USE-2,
XHHW-2, RHW-2, USE-2,
SIS
XHHW-2, RHW-2,
USE-2, SIS, PV
XHHW-2, RHW-2,
XHHW-2, RHW-2,
USE-2, SIS, PV RW-90, Teck-90 – RHW-2, RHW, RHH,
XHHW-2, XHH, XHHW, SIS RHW, RHH, RHW-2
Components % 83% S1054A
17% V0022G RoHS
83% S1054A
17% V0022G-UV RoHS
70% S1054A
30% V0022G-UV RoHS
50% S1054A
50% V0044G RoHS
50% S1054A
50% V0044G-UV RoHS
95% S1054A
5% S1000B
95% S1016A
5% S1037B
78% S1054A
22% SC5400-0002 RoHS
MB ALT FR
50% S1054A
50% SC5400-0003 RoHS
MB ALT FR
Features Horizontal
Flame
Horizontal Flame,
UV Resistant,
Colors Possible
Horizontal Flame,
FV-1 Flame, UV Resistant,
Colors Possible
VW-1 VW-1, UV Resistant,
Colors Possible Non-FR Rigid Pipe Applications Horizontal Flame,
DBDPE-free VW-1, DBDPE-free
GENERAL PROPERTIES
Specific Gravity 1.01 1.02 1.10 1.31 1.31 0.92 0.95 1.01 1.31
Hardness Shore D,
10 Seconds 47 47 47 48 48 47 59 47 48
Gel 68 68 70 70 70 72 72 68 70
TENSILE PROPERTIES
Tensile Strength
(psi) 2800 2500 2650 3200 2650 2800 4500 2800 3200
Elongation % 400 400 540 470 540 400 80 400 470
Tensile
Retention % 100 100 97 110 110 95 75 95 100
Elongation
Retention % 90 90 94 100 100 90 75 90 93
ELECTRICAL
Dielectric
Strength (V/mil) 1000 1400 1400 1200 1200 1000 – 1000 1200
Dielectric
Constant 2.31 2.45 2.61 2.61 2.61 2.24 2.1 2.31 2.61
Dissipation
Factor % 0.0012 0.0080 0.008 0.0043 0.0043 0.0008 0.002 0.0012 0.0043
THERMAL
Temperature
Rating °C 90 90 90 90 90 90 125 90 90
Heat
Deformation % 10 5 5 5 5 10 10 10 5
The Syncure™ XLPE portfolio is a two-step, silane-
grafted, moisture cross-linkable polyethylene system.
FEATURES
• Ambient curing
• Flame performance
• Resistant to heat, oil, creep and abrasion
• Low temperature properties
• Temperature ratings up to 125°C
• Low capital investment
• High extrusion speeds
• UL/CSA bulletins
1.844.4AVIENT
www.avient.com
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2020-08/sem-edgetek-application-bulletin.pdf
ET9600-8010 LDS ET3200-8177 LDS
Dielectric Constant
(DK) 3.98 2.88
Dissipation Factor
(Df) 0.0060 0.0040
SPECIALTY ENGINEERED MATERIALS
ELECTRICAL & ELECTRONICS SOLUTIONS
EDGETEK™ FORMULATIONS
FOR 5G BASE STATION
ANTENNA APPLICATIONS
EDGETEK™ PRODUCT PORTFOLIO
HOW AVIENT EDGETEK FORMULATIONS MAKE THE DIFFERENCE
FOR 5G BASE STATION ANTENNA APPLICATIONS
Increased Design Flexibility – Can increase design flexibility especially for circuit design,
3D antenna design, and complex shapes
Faster Design Qualification & Shorter Lead Time – Can be customized to specific Dk values
and delivered within weeks
Flexible Design Space – Effective for circuit designs constrained by a limited space
Compatible with SMT Process – Can be customized to resist heat, with deflection
temperatures ranging from 200°C to 278°C
To learn more, please visit www.avient.com
or call +86.21.60284888.
https://www.avient.com/sites/default/files/2021-12/Chemically Resistant Materials Whitepaper.pdf
Images of A) Trilliant HC8900 series,
B) FR PC alloys, and C) FR copolyester tensile bars in the strain apparatus following a
72-hour treatment with Virex® TB.
R.; Richards, C.
C.; Gaynes, R.
https://www.avient.com/sites/default/files/resources/PDI_Healthcare_Brochure_2011_0.pdf
C M Y K HC_Industry bulletin_PDI_fi nal.indd REMAY 78810
TR: 16.5000" x 11.6875" and 17.000" x 11.000" Digital/IAM
BL: 17.2500" x 11.9375"
FINAL: 8.2500" x 11.6875" and 8.500" x 11.000"
i n
Polymer Diagnostics Inc.
PDI has extensive experience with
the testing of medical devices and
materials including:
• Catheters
• Bio-implants
• Surgical diagnostic devices
• Medical tubing
• Other disposable medical devices
Issues often arise as a result of:
• Improper design or choice of material
• The environment of exposure
• Processing conditions
World-class people and capabilities
under one roof
• Failure Analysis/Prevention
• Qualifi cation Support
• Rheology
• Polymer Characterization
• Deformulation
• Physical Testing
• Litigation Support
• Characterization of polymers in pharmaceutical
delivery systems
• Phthalate and BPA testing
C M Y K HC_Industry bulletin_PDI_fi nal.indd REMAY 78810
TR: 16.5000" x 11.6875" and 17.000" x 11.000" Digital/IAM
BL: 17.2500" x 11.9375"
FINAL: 8.2500" x 11.6875" and 8.500" x 11.000"
i n
Polymer Diagnostics Inc.
C M Y K HC_Industry bulletin_PDI_fi nal.indd REMAY 78810
TR: 16.5000" x 11.6875" and 17.000" x 11.000" Digital/IAM
BL: 17.2500" x 11.9375"
FINAL: 8.2500" x 11.6875" and 8.500" x 11.000"
i n
https://www.avient.com/sites/default/files/2022-09/PREPERM for 5G Application Bulletin %281%29.pdf
• Stable and controlled dielectric constant
- from 2.6 to 23
• Very low losses even at mmWaves
• Isotropic material - no glass fibers
• Can be injection molded and machined
APPLICATION BULLETIN
STABLE RF PROPERTIES OVER A WIDE FREQUENCY RANGE
0,0
2,0
4,0
6,0
8,0
10,0
12,0
D
ie
le
ct
ri
c
PR E PE RM® PPE 95 0 PR E PE RM® PPE 80 0
PR E PE RM® PPE 44 0 PR E PE RM® PPE 32 0
PR E PE RM® PPE 26 0
LOW LOSSES UP TO mmWAVE FREQUENCIES*
BATCH-TO-BATCH STABILITY DURING PRODUCTION
* Measurements performed at VTT Technical Research
Centre of Finland Ltd in 2018.
Di
el
ec
tr
ic
co
ta
Di
el
ec
tr
ic
co
Frequency [GHz]
Frequency [GHz]
Pallet number (1250 kg/pallet)
PREPERM™ PPE950
PREPERM™ PPE800
PREPERM™ PPE440
PREPERM™ PPE320
PREPERM™ PPE260
-- Dielectric constant target
-- +/- 2%
3,76
3,78
3,80
3,82
3,84
3,86
3,88
3,90
3,92
3,94
0 1 2 3 4 5 6 7 8
D
ie
le
ct
ri
c
P a llet number (1250 k g/pa llet )
Die le ctric cons ta nt ta rge t +/- 2 %
t
PR E PE RM® PPE 95 0 PR E PE RM® PPE 80 0
PR E PE RM® PPE 44 0 PR E PE RM® PPE 32 0
PR E PE RM® PPE 26 0
t
PR E PE RM® PPE 95 0 PR E PE RM® PPE 80 0
PR E PE RM® PPE 44 0 PR E PE RM® PPE 32 0
PR E PE RM® PPE 26 0
t
PR E PE RM® PPE 95 0 PR E PE RM® PPE 80 0
PR E PE RM® PPE 44 0 PR E PE RM® PPE 32 0
PR E PE RM® PPE 26 0
Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/2020-08/stan-tone-epx-product-bulletin.pdf
% Pigment Specific Gravity Color Index Lightfastness
WHITE
10EPX03 Titanium Dioxide, Rutile 57 1.95 PW-6 I/O
YELLOW
12EPX01 Diarylide AAOT GS 25 1.22 PY-14 I
12EPX03 Diarylide HR RS 20 1.2 PY-83 I/O (Mass)
13EPX02 Isoindolinone RS 30 1.3 PY-110 I/O
13EPX03 Benzimidazolone GS 40 1.27 PY-151 I/O (Mass)
81EPX01 Iron Oxide 40 1.62 PY-42 I/O
ORANGE
15EPX03 Benzimidazolone 30 1.26 PO-36 I/O
RED
23EPX04 Quinacridone BS 25 1.21 PV-19 I/O
23EPX06 Specialty Naphthol BS 30 1.21 PR-170 I/O (Mass) C
25EPX01 Red 2B, Ca Salt Bs 24 1.27 PR-48:2 I/O (Mass)
28EPX01 Red 2B, Ba Salt YS 23 1.29 PR-48:1 I/O (Mass)
82EPX01 Iron Oxide, Light BS 40 1.67 PR-101 I/O
82EPX02 Iron Oxide, Dark BVS 40 1.68 PR-101 I/O
82EPX04 Iron Oxide, Light VYS 40 1.67 PR-101 I/O
BLUE
40EXP03 Phthalocyanine GS 25 1.25 PB-15:3 I/O
40EXP05 Phthalocyanine RS 25 1.25 PB-15:3 I/O
42EXP02 Ultramarine 50 1.54 PB-29 I/O
49EXP01 Cobalt 50 1.83 PB-28 I/O
GREEN
50EPX02 Phthalocyanine BS 18 1.34 PG-7 I/O
50EPX03 Phthalocyanine YS 25 1.42 PG-7 I/O
59EPX01 Chromium Oxide 40 1.64 PG-17 I/O
VIOLET/MAGENTA
24EPX03 Quinacridone Violet 15 1.2 PV-19 I/O
24EPX04 Ultramarine Violet 50 1.66 PV-15 I/O
24EPX05 Quinacridone Magenta 20 1.21 PR-122 I/O
24EPX06 Benzimidazolone 20 1.2 PV-32 I/O
24EPX07 Carbazole Violet 15 1.2 PV-23 I/O
BROWN/TAN
83EPX01 Iron Oxide, Light 39 1.64 PBr-6 I/O
83EPX02 Iron Oxide, Dark 40 1.66 PBr-6 I/O
BLACK
90EPX01 Furnace - High Jet 14 1.23 PBk-7 I/O
90EPX04 Furnace - Medium 20 1.25 PBk-7 I/O
90EPX05 Iron Oxide 50 1.77 PBk-11 I/O
EPX
RS = Red Shade
YS = Yellow Shade
VYS = Very Yellow Shade
BS = Blue Shade
VBS = Very Blue Shade
GS = Green Shade
HR = Heat-Resistant
LIGHTFASTNESS
I = Indoor Only
I/O = Indoor or Outdoor
Mass = Outdoor Masstone
Application Only
C = Some Caution Advised
www.avient.com
Copyright © 2020, Avient Corporation.