https://www.avient.com/sites/default/files/2024-03/Gravi-Tech Product Bulletin_A4.pdf
Several grades
of Gravi-Tech composites used for radiation-
shielding applications provide protections similar
to traditional lead-based materials, yet these
Gravi-Tech polymer-metal composites are 37
percent lighter.
Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable indication
of performance or properties obtained or obtainable on larger-scale equipment.
https://www.avient.com/sites/default/files/2025-03/CAI Solutions for Recycled Resins in E_E Applications Product Bulletin _A4.pdf
Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable
indication of performance or properties obtained or obtainable on larger-scale equipment.
MECHANICAL RECYCLING TESTING
FACILITY
Our CycleWorks™ Innovation Center in Italy
provides the necessary research environment to
test and evaluate plastic recycling in real-world
conditions.
https://www.avient.com/sites/default/files/2025-02/ColorMatrix Amosorb 4020L Product Bulletin.pdf
Amosorb 4020L allows for LDR dosages that will
provide long-lasting shelf life together with very
good bottle aesthetics and unbeatable recyclability
versus alternative solutions in clear monolayer
applications.
Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable indication
of performance or properties obtained or obtainable on larger-scale equipment.
https://www.avient.com/sites/default/files/2023-03/AVNT Q2 2022 Earnings Presentation - Website Version.pdf
To provide comparable financial results, Avient references “pro forma” financial metrics, which include the business results of Clariant Color for
periods prior to the Acquisition Date.
Management believes
this provides comparability of the performance of the combined businesses.
A reconciliation of these measures to their most directly comparable GAAP measures is provided in the tables below.
https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.pdf
Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA, Adjusted Earnings Per Share, Net Debt/Adjusted EBITDA and Free Cash Flow to the most comparable GAAP financial
measures on a forward-looking basis because Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort.
Management believes this provides
comparability of the performance of the combined businesses.
A reconciliation of these measures to their most directly comparable GAAP measures is provided in the tables below.
https://www.avient.com/sites/default/files/2024-08/Avient AUG 2024 Investor Presentation- w Non-GAAP.pdf
You are
advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.
Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA and Adjusted Earnings Per Share, to the most comparable GAAP financial measures on a forward-looking basis because
Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort.
A reconciliation of these measures to their most directly comparable GAAP measures is provided in the tables below.
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 33.6 $ 0.36 $ 22.1 $ 0.24
Special items, after-tax 21.8 0.24 19.6 0.21
Amortization expense, after-tax 14.8 0.16 16.2 0.18
Adjusted net income / EPS $ 70.2 $ 0.76 $ 57.9 $ 0.63
Three Months Ended
Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023
Net income from continuing operations – GAAP $ 33.8 $ 22.3
Income tax expense 11.2 10.4
Interest expense, net 26.6 29.4
Depreciation & amortization 44.9 47.6
EBITDA from continuing operations $ 116.5 $ 109.7
Special items, before tax 28.1 21.7
Interest expense included in special items (1.0) —
Depreciation & amortization included in special items (0.3) (0.1)
Adjusted EBITDA $ 143.3 $ 131.3
Adjusted EBITDA as a percent of sales 16.9 % 15.9 %
1
2024 2023
Sales:
Color, Additives and Inks $ 542.0 $ 524.5
Specialty Engineered Materials 308.1 300.8
Corporate (0.4) (0.9)
Sales $ 849.7 $ 824.4
Operating income:
Color, Additives and Inks $ 86.1 $ 68.0
Specialty Engineered Materials 42.8 39.7
Corporate (56.4) (45.4)
Operating income $ 72.5 $ 62.3
Depreciation & amortization:
Color, Additives and Inks $ 21.8 $ 25.7
Specialty Engineered Materials 20.8 19.9
Corporate 2.3 2.0
Depreciation & amortization $ 44.9 $ 47.6
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 107.9 $ 93.7
Specialty Engineered Materials 63.6 59.6
Corporate (54.1) (43.4)
Other expense, net (0.9) (0.2)
EBITDA from continuing operations 116.5 109.7
Special items, before tax 28.1 21.7
Interest expense included in special items (1.0) —
Depreciation & amortization included in special items (0.3) (0.1)
Adjusted EBITDA $ 143.3 $ 131.3
Adjusted EBITDA as a percent of sales:
Color, Additives and Inks 19.9 % 17.9 %
Specialty Engineered Materials 20.6 % 19.8 %
Year Ended
December 31, 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS
Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83
Special items, after-tax 79.3 0.86
Amortization expense, after-tax 61.5 0.67
Adjusted net income / EPS $ 216.6 $ 2.36
Adjusted Free Cash Flow Calculation December 31, 2023
Cash provided by operating activities $ 201.6
Capital expenditures (119.4)
Free cash flow 82.2
Taxes paid on gain on sale of business 104.1
Adjusted free cash flow $ 186.3
Year Ended
December 31, 2023
Sales:
Color, Additives and Inks $ 2,007.4
Specialty Engineered Materials 1,138.2
Corporate (2.8)
Sales $ 3,142.8
Operating income:
Color, Additives and Inks $ 259.9
Specialty Engineered Materials 142.5
Corporate (205.6)
Operating income $ 196.8
Depreciation & amortization:
Color, Additives and Inks $ 98.3
Specialty Engineered Materials 81.5
Corporate 9.0
Depreciation & amortization $ 188.8
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 358.2
Specialty Engineered Materials 224.0
Corporate (196.6)
Other income, net 5.8
EBITDA from continuing operations 391.4
Special items, before tax 114.6
Interest expense included in special items (2.3)
Depreciation & amortization included in special items (1.9)
Adjusted EBITDA $ 501.8
Adjusted EBITDA as a percent of sales 16.0 %
3
AVNT M8 Investor Presentation.pdf
Avient Disclaimer SLide.pdf
AVNT M8 Investor Presentation
IR Deck - AVNT-2024.06.30 (M8) (8.26.24 11AM Milestone August 26 1053 am).pdf
Attachment
https://www.avient.com/sites/default/files/2025-02/Avient Investor Presentation - February 2025_w_Non-GAAP.pdf
You are
advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.
Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA and Adjusted Earnings Per Share, to the most comparable GAAP financial measures on a forward- looking basis because
Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items, and the information is not available without unreasonable effort.
Moving up the value chain, and expanding
addressable market size by providing materials
solutions in select and prioritized areas
Copyright © .
2025 9
GROWING
AT
GROWING
AT
1 Core grows above macro
driven by share wins and
faster business development
in prioritized portfolios
(growth vectors)
CATALYZE THE CORE
2 Portfolios in high growth markets
grow faster than core – building
sizeable businesses of scale rapidly
BUILD NEW PLATFORMS OF SCALE
► Prioritizing
► differently
► Creating “space”
► focused front-end and
back-end structures
Copyright © .
2025 10
Organic revenue growth with margin expansion
LONG TERM FINANCIAL TARGETS
+100 to +200bps
above GDP
Organic revenue growth
Copyright © .
2025 11
Pathway to 20%+ adjusted EBITDA margins
Operating
leverage
• Organic volume growth and
SG&A efficiencies from prioritizing
resources across the company
2
Mix
improvement
• Increased sales in higher margin
growth platforms
3
Productivity • Manufacturing & sourcing efficiencies
• Footprint optimization
• Digital technologies
Avient margin expansion
Schematic illustration only
Productivity
+400bps
margin expansion 20%+
Strategic
objective
16.2%
2024
adjusted
+2%
+1%
Operating
leverage
+1%
Mix
improvement
Copyright © .
2025 12
Disciplined capital allocation
PRIORITIZATION AND PHILOSHOPY
Capex Expected annual spend between 3-5% of revenue to
support investment in organic growth
M&A De-emphasized in near term; complement organic growth strategy
with M&A over time, as needed
2 Dividends Increasing each year with underlying earnings growth
3 Debt pay down Target net debt to adjusted EBITDA less than 2.5x
4 Share repurchases Opportunistic buy backs
5
Copyright © .
2025 13
Avient is a compelling investment thesis
2024 Results
15Copyright © .
https://www.avient.com/sites/default/files/2021-02/avient-ir-presentation-goldman-sachs-and-morgan-stanley.pdf
You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.
To provide comparable
financial results, the Company references “pro forma” financial metrics, which include the business results of CMB for periods
prior to the Acquisition Date.
Management believes this provides comparability of the performance of the combined businesses.
https://www.avient.com/sites/default/files/2024-03/Luxury Closures Application Bulletin_Online.pdf
Avoid the use styrenic materials – Low shrinkage
PP grades provide an ABS alternative.
Evenly distribute the weight – Injection-moldable
Gravi-Tech material provides consistent weight
distribution across the packaging component.
Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable
indication of performance or properties obtained or obtainable on larger-scale equipment.
https://www.avient.com/sites/default/files/2023-06/2023 Advanced Composites Automotive Overview.pdf
Our solutions can be functionalized
to provide characteristics including electrical
insulation, thermal insulation, radiopacity, low
thermal expansion, flexural memory, and load
damping, while delivering desired performance
and aesthetic specifications.
They
are engineered to provide simplified installation,
long service life, and overall cost effectiveness.
Some of the information arises from laboratory work with small-scale equipment which may not provide a reliable
indication of performance or properties obtained or obtainable on larger-scale equipment.