https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
Pro Forma Financial Information
The Company acquired Avient Protective Materials (“Dyneema”) on September 1, 2022 (the “Acquisition Date”) and sold the Distribution segment on November 1, 2022.
To provide comparable results, the company references “pro forma” financial
metrics, which include the business results of Avient Protective Materials for periods prior to the Acquisition Date, as if the transaction occurred on January 1, 2021 and reflect Distribution as a discontinued operation.
Avient 2011, 2018 and 2021 multiples reflect trailing 12 months EBITDA at December 31.
28
EV / 2023E EBITDA
6.5
8.5
11.0 10.8
16.1 15.5
14.1 14.0
10.3
21.0
19.0
14.3
12.1 11.8 11.7 11.5
9.7
11
21
23
PM AV
FM
Avient Historic Multiple
Avient Specialty
Other Specialty /
AP P E N DI X
30
Performance
Additives
16%
Pigments
12%
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
2022 pro forma results for the acquisition of Avient Protective Materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
40%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Building and
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
9%
32
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2022 REVENUE | $2 .4 BILLION
US & Canada
34%
38%
END MARKET REGION
33
34%
21%
Building &
1% Energy
2%
COLOR, ADDITIVES & INKS
2022 PRO FORMA REVENUE | $1 .3 BILLION
US & Canada
52%
35%
34
19%
8%Industrial
16%
9% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
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%
35
BY END MARKET
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/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
Pro Forma Financial Information
The Company acquired Avient Protective Materials (“Dyneema”) on September 1, 2022 (the “Acquisition Date”) and sold the Distribution segment on November 1, 2022.
WHAT WE DO: MATERIAL SCIENCE
5
CUSTOM
FORMULATION
FE BRUARY 1 5 , 2023
W EB CAS T
Q4 2022 VS.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
32
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)
RA W M AT ER IA L
OVE RV IE W
34
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
16%
Pigments
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
30%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
Excludes Avient Protective Materials
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
36
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
37
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
38
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
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
39
https://www.avient.com/sites/default/files/2022-03/CESA Extend Product Selector Guide.pdf
CESA™ Extend Additives
Chain Extension
CESA EXTEND – STANDARD OFFERINGS
PRODUCT SELECTION GUIDE
POLYMER FAMILY MATERIAL PRODUCT NAME PRODUCT TYPE DOSAGE
Nylon ABA0698501 CESA Extend 78501L Linear 1–6%
Nylon ABA0698502 CESA Extend 78502X Branched 1–6%
Polyester NBA0698490 CESA Extend 58490 Linear 1–6%
Polyester NBA0820023 CESA Extend NBA0820023 Branched 1–6%
Polycarbonate NCA0820004 CESA Extend 90032 Linear 1–6%
Polycarbonate NCA0820005 CESA Extend 90033 Branched 1–6%
TPU RUA0698460 CESA Extend 88460 Linear 1–6%
TPU RUA0698455 CESA Extend 88455 Branched 1–6%
CESA Extend additives can be used in combination with other CESA masterbatches, and formulations can be customized for most applications.
https://www.avient.com/sites/default/files/2025-03/380605_AVIENT_2024AR_full_250325.pdf
Sequeira
Vice President, Chief Information Officer
Leadership
Committees
1.
Committees: 1, 2
Gregory J.
Committees: 1, 4
Kim Ann Mink, Ph.D.
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-may-2021-w-non-gaap-recs.pdf
Avient acquired the Clariant Masterbatch business (CMB) on July 1, 2020 (the “Acquisition Date”).
Reduce Scope 1 & 2 greenhouse gas
emissions by 35%.
Operating Income
$3,783
$4,100
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Previous
Guidance
Current
Guidance
$3,783
$4,300
$308
$360
$308
$410
$1.93
$2.40
$1.93
$2.80
(1) (1)(1)
(1)(1) (1)
$442
$457
$560
$1.74
$1.93
$2.80
FULL YEAR 2019 – 2021 ORGANIC GROWTH
23
Sales Adjusted EBITDA
$3,981
$3,783
$4,300
+ 8%
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(1)(1)
+ 27% + 61%
24
BALANCE SHEET
• Deleveraging to 1.9x net debt to
adjusted EBITDA by the end of
2021
• Driven by record adjusted EBITDA
performance and strong free cash
flow generation from asset light
business
• Future cash deployment: M&A,
opportunistic share repurchases
and balance sheet / continued
leverage reduction
3.5x
2.7x
1.9x
Net Debt / Adjusted EBITDA
($ in millions)
2021E Adjusted EBITDA 560$
Free Cash Flow 275$
Total Debt 1,860
Less: Cash (800)
Net Debt 1,060$
2021E Net Debt / Adjusted EBITDA 1.9x
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
PEER COMPARISONS
25
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
https://www.avient.com/sites/default/files/308837_en_46388.pdf
Martorell no.124
08740 Sant Andreu de la Barca
Spain
Scope
Category I
Production of customer specific Masterbatches for
Food packaging materials on the dedicated extrusion
lines
Normative base
ISO 22000:2018 Food Safety Management Systems - Requirements
for any organization in the food chain
Reg. no. 46388
Page 1 of 1
Validity 25. 02. 2024 – 24. 02. 2027
Issue 25. 02. 2024
A.Grisard, President SQS F.
https://www.avient.com/sites/default/files/resources/US_Avon%2520Lake%2520POC_RCMS%25202013.pdf
Microsoft Word - 55453- PolyOne Corporation RCMS 2013 Option 2.docx
ABS Quality Evaluations
Letter Of Conformity
Page 1 of 1
This is to confirm that the Environment, Health, Safety and Security Management System of:
PolyOne Corporation
33587 Walker Road
Avon Lake, OH 44012
U.S.A.
https://www.avient.com/sites/default/files/2024-10/CCG metallic sulfones case study_Final.pdf
AVIENT SOLUTION
SUSTAINABILITY + AESTHETICS
LEARN MORE
Avient Corporation 1
https://www.avient.com/products/polymer-colorants/high-temperature-color-concentrates/colorant-chromatics-metallic-effect-pre-colored-sulfone-colorants
Slide 1: Aviation COMPONENTs manufacturer
https://www.avient.com/sites/default/files/2020-07/avient-abac-indonesia-200720.pdf
Kebijakan Global
Avient tentang
Antisuap dan
Antikorupsi
Diterbitkan: 1 Juli 2020
Kebijakan Global Kita tentang Antisuap dan Antikorupsi 1
Pentingnya Kepatuhan 1
Tanggung Jawab Kita 1
Apa yang Dimaksud dengan Suap?
Menawarkan
barang berharga tidak boleh disalahartikan
sebagai pengeluaran yang sah, wajar, dan
terbatas untuk hadiah, hiburan bisnis, dan
kegiatan sah lainnya yang berkaitan langsung
dengan perilaku bisnis Avient. 1
Pentingnya Kepatuhan
Di mana pun kita beroperasi di dunia, Undang-Undang
Antisuap dan Antikorupsi (Anti-Bribery and Anti-Corruption
atau ABAC) berlaku untuk bisnis kita, termasuk, tetapi tidak
terbatas pada, Undang-undang Praktik Korupsi Luar Negeri
1 Bacalah bagian Hadiah dan Keramahtamahan dalam Pedoman Perilaku Avient
dan Kebijakan Hadiah dan Hiburan kita untuk menentukan jika pengeluaran yang
Anda usulkan diizinkan.
Larangan ini berlaku jika penawaran atau pembayaran
dilakukan secara langsung atau melalui orang lain
• Membuat entri yang menyesatkan, tidak lengkap, atau palsu dalam pembukuan dan catatan Avient
• Mengabaikan tanda bahaya saat berurusan dengan pihak ketiga
Amerika Utara
Kantor Pusat Global Avon Lake,
Amerika Serikat
33587 Walker Road Avon Lake, OH,
Amerika Serikat 44012
Nomor Bebas Pulsa:
+1 866 765 9663
Nomor Telepon: +1 440 930 1000
Faks: +1 440 930 3064
Asia Pasifik
Kantor Pusat Regional Shanghai,
Tiongkok
2F, Block C 200 Jinsu Road
Pudong, 201206 Shanghai, Tiongkok
Telepon: +86 (0) 21 6028 4888
Faks: +86 (0) 21 6028 4999
Amerika Selatan
Kantor Pusat Regional Sao Paulo,
Brasil
Av.
https://www.avient.com/sites/default/files/2020-07/avient-abac-turkey-200721.pdf
Avient Küresel
Rüşvet ve
Yolsuzluk Karşıtı
Politika
Yayınlanma Tarihi: 1
Temmuz 2020
Küresel Rüşvet ve Yolsuzluk Karşıtı Politika 1
Uyumun Önemi 1
Bizim Sorumluluğumuz 1
Rüşvet Nedir?
Tek tek ülke yasaları değişiklik
gösterse de bu yasalar herhangi bir yolsuzluk veya rüşveti
1 Teklif edilen harcamanıza izin verilip verilmediğini görmek için Avient Davranış
Kurallarının Hediyeler ve Ağırlama bölümüne ve Hediyeler ve Ağırlama Politikamıza
başvurun.
Bu yasak, ödeme doğrudan ya da bir aracı aracılığıyla yapılmış olsun ya da olmasın
geçerlidir
• Avient’in defterlerinde ve kayıtlarında, yanıltıcı, eksik ya da yanlış girişler yapmayın
• Üçüncü taraflarla çalışırken uyarı işaretlerini görmezden gelmeyin
Kuzey Amerika
Global Genel Müdürlük Avon Lake,
Amerika Birleşik Devletleri
33587 Walker Road Avon Lake, OH,
Amerika Birleşik Devletleri 44012
Ücretsiz: +1 866 765 9663
Telefon: +1 440 930 1000
Faks: +1 440 930 3064
Asya Pasifik
Bölge Merkezi Şanghay, Çin
2F, Block C 200 Jinsu Road
Pudong, 201206 Şanghay, Çin
Telefon: +86 (0) 21 6028 4888
Faks: +86 (0) 21 6028 4999
Güney Amerika
Bölge Merkezi Sao Paulo, Brezilya
Av.