https://www.avient.com/news/avient-unveil-new-specialized-and-sustainable-solutions-fakuma-2023
NEW Cesa™ Unify™ A4R - This latest addition to the Additives for Recycling portfolio of solutions is a polyolefin compatibilizer developed to enhance and support the use of recycled polyolefins.
It helps bring incompatible polymers, such as PP and PE, together by forming them into a homogenous polymer mixture that increases mechanical properties based on polymer modification (link to full press release above).
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/company/sustainability/sustainable-solutions-portfolio
Recycle Solutions
Gravi-Tech™ REC Recycled Formulations
Remafin™ Fiber Colorants for PP
https://www.avient.com/news/two-new-polymer-solutions-avient-launching-battery-show-supporting-sustainability-battery-and-electric-vehicle-applications
Avient’s new reSound™ REC thermoplastic elastomers (TPEs) incorporate recycled content from polyvinyl butyral (PVB) recycled from broken vehicle windshields and laminated architectural glass to support a circular economy.
They can be injection molded or overmolded onto polypropylene (PP).
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/investor-center/news/avient-highlights-sustainable-solutions-enable-post-consumer-recycled-pcr-content-packaging
Brand owners for all types of consumer products are setting sustainability goals to increase the amount of post-consumer recycled content (PCR) used in their packaging and improve the recyclability of that packaging at end of use.
ColorMatrix™ Optica™ Toners & Colors, when added to PET and recycled PET (rPET) materials, correct and reduce the color variations and yellowing that occurs during the recycling process.
The ability to use recycled content is a priority for our customers and for our world,"
https://www.avient.com/news/avient-launches-new-resound-rec-thermoplastic-elastomers-recycled-content-pc/abs-overmolding
Avient Launches New reSound™ REC Thermoplastic Elastomers with Recycled Content for PC/ABS Overmolding
SHANGHAI, China – February 27, 2023 – Today, Avient Corporation announced the expansion of its reSound™ REC Recycled Content Thermoplastic Elastomers portfolio to include more sustainable grades containing up to 45 percent post-consumer recycled (PCR) content.
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/resources/safety-data-sheets?page=2287
PEACOCK BLUE PP COPOLYMER 8
PP FR 8-6 LMS-1000
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-earnings-presentation_0.pdf
This
innovation drives performance and is
reflective of consistent, strategic
investments in technology and people
Clariant Color business
acquired July 1, 2020
10
30
40
14
25
22
35
19
18
41
Current Additional share needed to reach 2025 target
BRAND OWNERS COMMITTED TO INCREASING
USE OF RECYCLED MATERIALS
8
Brand Owner 1
Brand Owner 3
Brand Owner 2
Brand Owner 7
Brand Owner 4
Brand Owner 10
Brand Owner 6
Brand Owner 11
Brand Owner 5
Brand Owner 8
Brand Owner 9
Brand Owner 12
Brand Owner 13
Percent recycled plastic used:
(examples and not exhaustive)
(1) Latest year reported.
Post-consumer recycled content as percentage of total plastic packaging volume, by weight
ENABLING THE USE OF RECYCLED CONTENT
T O P 5 G A P S T H A T W E A R E A D D R E S S I N G
2) DECONTAMINATION1) COLOR MANAGEMENT 3) MAINTAINING MECHANICAL
PROPERTIES
4) MONO-MATERIAL
CONSTRUCTION
5) CONSISTENT RECYCLED
MATERIAL QUALITY
G U I D I N G B R A N D S T O W H A T I S P O S S I B L E
CASE STUDY WITH BRAND OWNER
Recycled ResinVirgin Resin
10
SUSTAINABILITY FOR A BETTER TOMORROW
11
• Revenue from sustainable solutions expected
to grow 18% in 2021 as our innovation efforts
and collaboration with customers continues to
accelerate
• Investments centered around innovation and
global sustainability megatrends
o Enabling a circular economy –
Technologies that allow for increased use of
post-consumer recycled (PCR) material and
improve recyclability of plastics
o Light-weighting – Composites and CAI
applications to reduce weight and material
requirements, which minimize energy and
carbon emissions
o Eco-Conscious – Health and human safety
applications as well as Avient’s alternative
materials to replace lead, PVC, halogens,
BPA and other less eco-friendly options
1111
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
2016 2017 2018 2019 2020PF** 2021E
$405M
$455M
$340M
$550M
$790M
Revenue From Sustainable Solutions* 2016-2021
$930M
Q3 2020 $925 $74
Sustainable Solutions 35 19% 14
Healthcare 51 44% 10
Composites 13 39% 6
Growth in Asia / LATAM 14 11% 3
Other 177 39% 16
Sub-total $1,215 31% $123
Supply Chain Disruption Costs (19)
COVID Response Applications (5) (3)
FX Impact 10 2
Synergies 12
Incentives, Travel, Other Employee Costs (16)
Q3 2021 $1,220 32% $99
Q3 2021 SALES AND OPERATING INCOME
12
Sales Growth Rate
Operating
Income$ millions
Q3 2020 Q3 2021
(1) Financial information is presented on a constant currency basis
(44% of total revenue)
(56% of total revenue)
Q3 END MARKET SALES PERFORMANCE
+20%
+31%
+40%
+24%
+46%
+40%
+14%
+33%
Energy Telecom Building &
Transportation Industrial Healthcare Packaging Consumer
Q3 YEAR-OVER-YEAR EBITDA BRIDGE
14
• Demand driven by growth
in sustainable solutions,
healthcare and consumer
applications
• Price increases more than
offsets raw material and
supply chain impacts
• Synergy capture on pace
to achieve $50M in annual
savings in 2021
Q3 2020 $ 111
Demand 29
EBITDA$ millions
CAI:
Price / Mix 51
Inflation (37)
SEM:
Price / Mix 25
Inflation (22)
Distribution:
Price / Mix 108
Inflation (103)
Net Price Benefit 22
Supply Chain Disruption Costs (19)
COVID Response Applications (3)
Synergies 12
Incentives, FX, Other (16)
Q3 2021 $ 136
15
• Price increases have more than
covered raw material and freight
inflation impacts of $300M year-
to-date compared to 2020
• Demand impact driven by
Q3 seasonality for the business
Q2 TO Q3 SEQUENTIAL EBITDA BRIDGE
Q2 2021 $ 159
CAI:
Price / Mix 17
Inflation (8)
SEM:
Price / Mix 6
Inflation (5)
Distribution:
Price / Mix 35
Inflation (35)
Net Price Benefit 10
Supply Chain Disruption Costs (4)
Demand / Seasonality (35)
Other 6
Q3 2021 $ 136
EBITDA$ millions
FU LL Y EA R 2021
O U T LO O K
$308
$430
$1.93
$3.00
FULL YEAR GROWTH PROJECTIONS
17
Sales Adjusted Operating Income
$3,783
$4,750
+ 26%
+ 40% + 55%
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
(1)(1)(1)
$1.74
$1.93
$3.00
$442
$457
$580
FULL YEAR 2019 – 2021 GROWTH
18
Sales Adjusted EBITDA
$3,981
$3,783
$4,750
+ 19%
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
(1) (1)
(1)(1)
+ 31% + 72%
(1) (1)
0.1 0.1
0.2
0.5
0.6
0.7
0.8
0.9
0.9
1.0 1.0
11 12 13 14 15 16 17 18 19 20 21
40%
99%
YTD 5 - YR 10 - YR
0.16
0.20
0.26
0.34
0.42
0.50
0.58
0.72
0.79 0.81
0.85
0.95
11 12 13 14 15 16 17 18 19 20 21 22
2.1x
Q4 NET LEVERAGE
~$1Bn
REPURCHASED
OVER LAST 10 YEARS
~$450MM
PAID OVER LAST 11 YEARS
CREATING VALUE FOR SHAREHOLDERS
19
Share Performance Dividends Share Repurchases Deleveraging
3.5x
2.1x
2019PF 2021E
Growing Dividend Cumulative Buybacks Net Leverage
$B
n
$
p
r
sh
ar
Total Shareholder Return
~$4Bn
MARKET CAP INCREASE
OVER LAST 10 YEARS
(1) Share performance includes reinvested dividends and is as of 10.25.2021
(2) Financial information is pro forma to include a full year of Clariant Color acquisition
(2)
494%
2021 AVIENT INVESTOR DAY
20
• Investor Day to be held December 9, 2021 in New York, NY
• The company will be doing a deep dive into its key long-
term growth drivers with a particular focus on sustainable
solutions
Revenue Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites / 5G 10%
Growth in Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
• Senior leadership team will also provide further details on
the Clariant Color integration, as well as capital allocation
priorities
PEER COMPARISONS
21
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
With the Clariant Color business
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
24
Avient reflects 2021 estimated EBITDA of $580M
OUR VALUATION VERSUS PEERS
Avient Specialty
Other
11.0
18.3
16.3
15.4
14.5
11.6 11.1
36.2
28.0
24.9
13.0
11.5 11.3
10.0 9.2 8.8
7.7
6.7
en
t
SUMMARY: WHY INVEST IN AVIENT?
https://www.avient.com/products/polymer-additives/barrier-and-scavenger-additives/colormatrix-amosorb-low-haze
Lower-Haze PET Packaging, Less Impact on Recycle Stream
Recycle Solutions
Lower impact on PET recycle stream
https://www.avient.com/sites/default/files/2024-11/Rejoin PCR Colorants Product Bulletin.pdf
Rejoin™ PCR Colorants
Rejoin™ PCR Colorants use post-consumer recycled
(PCR) material as a carrier resin to effectively
enable 100% PCR packaging..
KEY CHARACTERISTICS
• Enables 100% PCR packaging
• Helps companies meet sustainability goals
• Replaces virgin resin, reducing total energy
consumption and limiting emissions*
• Combines colorants and functional additives
in one solution
• Allows for full recyclability of the end product
• Provides a lower carbon product footprint
than traditional masterbatch
• Suitable for use in polyethylene (PET) and
polypropylene (PP) as well as in rPET and rPP
applications
MARKETS AND APPLICATIONS
Rejoin PCR Colorants are designed for use in a
broad range of applications, including household
and personal care packaging, consumer goods,
or food and beverage containers.
https://www.avient.com/news/avient-s-taiwan-site-gains-grs-40-accreditation-extending-list-environmentally-certified-sites
Earning the GRS 4.0 accreditation allows for the traceability of recycled content, and helps make it easier for customers to increase the amount of recycled material up to 100% in end products.
The Global Recycled Standard (GRS) is an international, voluntary, full-product standard that sets requirements for third-party certification of recycled content, chain of custody, social and environmental practices, and chemical restrictions.
Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy