https://www.avient.com/news/avient-launches-high-performance-uv-laser-marking-technology-fep-wire-cable
About Avient
Avient Corporation (NYSE: AVNT), with 2021 revenues of $4.8 billion, provides specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world.
https://www.avient.com/news/avient-launches-long-fiber-composites-based-nylon-reclaimed-end-life-fishing-nets
Avient Corporation (NYSE: AVNT), with 2021 revenues of $4.8 billion, provides specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world.
https://www.avient.com/knowledge-base/article/considering-house-plastisol-production?rtype[]=1164
Aug 03, 2021
https://www.avient.com/knowledge-base/article/consider-adding-soft-touch-grips-competitive-edge?rtype[]=1164
Mar 22, 2021
https://www.avient.com/knowledge-base/article/consider-adding-soft-touch-grips-competitive-edge?ind[]=6596
Mar 22, 2021
https://www.avient.com/knowledge-base/article/consider-adding-soft-touch-grips-competitive-edge?ind[]=21537
Mar 22, 2021
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-earnings-presentation_0.pdf
Q 3 2021 P E RFO R MA N CE
U P DAT E
$74
$99
$0.46
$0.70
Q3 2021 PERFORMANCE
Sales Adjusted Operating Income
$925
$1,220
+ 32%
+ 34% + 52%
Q3 2021 SEGMENT PERFORMANCE
CAI
$494
$587
($ in millions)
SEM Distribution
$51
$67
+19%
+31%
$277
$439
$18
$24
+58%
+33%
$174
$234
$25
$32
+34%
+28%
SPECIALTY EBITDA MARGIN EXPANSION
6
CAI
(1) 2018-2020 financial information is pro forma to include a full year of Clariant Color acquisition
15.3% 15.2%
16.2%
17.6%
2018 2019 2020 YTD 2021
14.8% 15.2%
17.6%
18.4%
2018 2019 2020 YTD 2021
SEM
• Continued portfolio transformation to
high-growth end markets and
sustainable solutions
• Clariant Color synergy realization
• Investments in composites and outdoor
high performance applications drive
growth and mix improvements
CAI EBITDA MARGIN EXPANSION
Legacy CAI
18.9% 18.9%
19.8%
2019 2020 YTD 2021
Legacy
Clariant
Color
11.9%
13.8%
15.7%
2019 2020 YTD 2021
• Synergy capture driving margin
improvement
• Favorable mix with growth in
healthcare, consumer and packaging
end-markets
• World-class vitality index of 35%
represents sales from products
introduced in the last five years.
D
is
t.
)
Avient reflects 2021 estimated revenue of $4,750M and estimated CAPEX of $80M (excludes one-time synergy capture CAPEX of $20M)
Avient Specialty
Other
Free Cash Flow Conversion (1)
2021E (%)
Being asset light helps us to generate
strong free cash flow that is in line
with specialty formulators.
In 2021, we expect substantial earnings growth and strong cash flow generation as we emerge from the
COVID-19 pandemic.
https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
Q 2 2021 P E RFO R MA N CE
U P DAT E
$69
$122
$0.42
$0.87
Q2 2021 – ORGANIC PERFORMANCE
4
Sales Adjusted Operating Income
$870
$1,235
+ 42%
+ 77% + 107%
(1) (1) (1)
Q2 2021 SEGMENT PERFORMANCE
5
CAI
$488
$624
($ in millions)
SEM Distribution
$54
$86
+28%
+59%
$239
$404
$15
$24
+69%
+60%
$159
$241
$17
$37
+52%
+118%
SPECIALTY EBITDA MARGIN EXPANSION
6
CAI
(1) 2018-2020 financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
15.3% 15.2%
16.2%
18.5%
2018 2019 2020 YTD 2021
14.8% 15.2%
17.6%
19.1%
2018 2019 2020 YTD 2021
SEM
• Continued portfolio transformation to
high-growth end markets and
sustainable solutions
• Clariant Masterbatch synergy realization
• Investments in composites and outdoor
high performance applications drive
growth and mix improvements
CAI EBITDA MARGIN EXPANSION
7
Legacy CAI
18.9% 18.9%
20.3%
2019 2020 YTD 2021
Legacy
11.9%
13.8%
16.8%
2019 2020 YTD 2021
• Synergy capture translating to the
bottom line
• Positive mix with growth in healthcare,
consumer and packaging end-markets
• World-class vitality index of 35%
represents sales from products
introduced in the last five years.
D
is
t.
)
LB
Median: 5%Median: 3%
Avient reflects 2021 estimated revenue of $4,650M and excludes one-time synergy capture CAPEX ($20M)
Avient Specialty
Other
Free Cash Flow Conversion (1)
2021E (%)
Being asset light helps us to generate
strong free cash flow that is in line
with specialty formulators.
In 2021, we expect substantial earnings growth and strong cash flow generation as we emerge from the
COVID-19 pandemic.
https://www.avient.com/sites/default/files/2023-03/2023 Avient Bookmarked Proxy Statement - FINAL.pdf
Goff 66 2011 Yes M C
Neil Green 53 2021 Yes M M
William R.
Beggs – 75% (increased from a 2021 target of 70%); Mr.
Kunkle – 65% (increased from
a 2021 target of 60%); and Mr.
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-may-2021-w-non-gaap-recs.pdf
These investments also
consider our global footprint, and we are positioned very well and
strategically from a regional perspective.
12
Growth Drivers
2020
Revenue
($ Millions)
Long-Term
Growth Rate
Sustainable Solutions $ 560 8–12%
Healthcare 555 8–10%
Composites / 5G 212 10%
Growth in Emerging Regions 672 5%
Other (GDP growth) 1,784 2–3%
Pro Forma Avient $ 3,783 6.5%
Q 1 2021 P E RFO R MA N CE
U P DAT E
$86
$123
$0.53
$0.89
Q1 2021 – ORGANIC PERFORMANCE
14
Sales Adjusted Operating Income
$991
$1,162
+ 17%
+ 43% + 68%
(1) (1) (1)
Q1 2021 SEGMENT PERFORMANCE
15
CAI
$536
$609
($ in millions)
SEM Distribution
$64
$89
+14%
+39%
$290
$363
$19
$24
+25%
+26%
$185
$217
$22
$34
+17%
+55%
SPECIALTY EBITDA MARGIN EXPANSION
16
CAI
(1) 2018-2020 financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
15.3% 15.2%
16.2%
19.1%
2018 2019 2020 Q1 2021
14.8% 15.2%
17.6%
19.4%
2018 2019 2020 Q1 2021
SEM
• Continued portfolio transformation to
high-growth end markets and
sustainable solutions
• Clariant Masterbatch synergy realization
• Investments in composites and outdoor
high performance applications drive
growth and mix improvements
CAI EBITDA MARGIN EXPANSION
17
Legacy CAI
18.9% 18.9%
21.0%
2019 2020 Q1 2021
Legacy
11.9%
13.8%
17.4%
2019 2020 Q1 2021
• Early synergy capture translating to
the bottom line
• Positive mix with growth in healthcare,
consumer and packaging end-markets
• World-class vitality index of 36%
represents sales from products
introduced in the last five years.
This
innovation drives performance and is
reflective of consistent, strategic
investments in our portfolio…and
people.
2020 Pro forma $991 $86
Sustainable Solutions 15 11% 6
Healthcare 28 22% 6
Composites 6 10% 3
Growth in Emerging Regions 44 30% 10
Other 53 10% 7
Sub-total $1,137 15% $118
FX Impact 25 - 2
Synergies - - 11
Incentives, Travel, Other Employee Costs - - (8)
2021 Actual $1,162 17% $123
Q1 2021 ORGANIC SALES AND OPERATING INCOME
18 (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Sales Growth Rate
Operating
Income$ millions
19
Wire & Cable Transportation Industrial Healthcare Packaging Consumer
Q1 2020PF Q1 2021
(2) Financial information is presented on a constant currency basis
(1,2)
(42% of total revenue)
(58% of total revenue)
Q1 END MARKET SALES PERFORMANCE
+17%
+14% +8%
+10%
+8% +22%
+5%
+24%
Q 2 AN D FU LL Y EA R
2021 O U TLO O K
$69
$112
$0.42
$0.80
ORGANIC GROWTH PROJECTIONS – Q2
21
Sales Adjusted Operating Income
$870
$1,100
+ 26%
+ 62% + 90%
(1) (1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
FULL YEAR GUIDANCE INCREASED
22
Sales Adj.
In 2021, we expect substantial earnings growth and strong cash flow generation as we emerge from the
COVID-19 pandemic.