https://www.avient.com/sites/default/files/2022-04/Application Snapshot Smartbatch Frost SFX Final.pdf
Application Snapshot Smartbatch Frost SFX Final
COSMETICS BRAND
P E R S O N A L C A R E P E T &
R P E T P A C K A G I N G
• Solutions suitable for 100% rPET carrier colorants
• Compatible with all ISBM molding machines
• Should work with a wide variety of rPET grades
• Worked with customer to provide a special
effect solution that achieved a matte or frost-
like effect in PET resin
• Created a formulation that diffuses light and
enhances bottle appearance, similar to edge-
glass
• Allowed the customer greater design freedom
with a wide range of color options
• Enabled customer to reduce VOC by
eliminating bottle spraying
SmartBatch™ Frost Collection
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-01/GeorgeInglis.pdf
These include positions in Assistant Corporate Corporate Controller; an
ex-pat assignment in the UK supporting Avient’s Color business; Director of Finance for the
Color, Additives & Inks segment; and, most recently, as Vice President of Internal Audit.
https://www.avient.com/sites/default/files/2020-08/michaelgarratt.pdf
GARRATT
Senior Vice President, President Color, Additives & Inks–EMEA
Michael A.
Garratt is senior vice president, president, Color, Additives & Inks for the Europe,
Middle East and Africa (EMEA) region at Avient Corporation, a premier provider of specialized
and sustainable material solutions and services.
https://www.avient.com/sites/default/files/2024-06/CCG Application Snapshot_Oil and Gas Cables_Final.pdf
PTFE Wire insulation
ELECTRICAL EQUIPMENT
MANUFACTURER
H I G H - T E M P E R A T U R E C A B L E S
- O I L & G A S I N D U S T R Y
• Formulations suitable for a wide range of cable types, including high-voltage
and self-regulating heating applications
• Fine-tuned and consistent resistivity
• Consistent performance across a wide range of temperatures
• Optimized dispersion for ease of processing
• Provided tailored solutions for specific conductivity
requirements, protecting cables against damage from
electrostatic discharge (ESD), arc failures, and
temperature fluctuation
• Supplied ESD and conductive fluoropolymer solutions in
PFA, FEP, ETFE and PVDF
• Shared more than 40 years of experience in the
processing and formulation of fluoropolymers
• Offered a global manufacturing footprint
Colorant Chromatics Conductive Formulations
KEY REQUIREMENTS
WHY AVIENT?
LEARN MORE
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/colorant-chromatics-conductive-formulations-0
Slide 1: electrical equipment manufacturer
https://www.avient.com/sites/default/files/2022-10/Paint Sprayer Application Snapshot_0.pdf
INDUSTRIAL
EQUIPMENT OEM
P A I N T S P R A Y E R
• Meet or exceed UL94 V-2 flame rating
• Able to interact with existing bulk chemistry without
compromising functionality or brand color and aesthetics
• Deliver cost targets while providing operational efficiency
and a working capital strategy
• Accelerate product development timeline, and provide
UL94 testing verification prior to production trials
• Achieved all flame rating requirements and
assisted with regulatory approvals
• Developed a proprietary Smartbatch solution that
minimized potential effects from interaction with
current bulk chemistries
• Provided needed support with qualification process
and testing requirements, saving time and cost
• Afforded on-going support with A2LA test labs,
sampling, and lot-to-lot consistency with exacting
performance
Smartbatch™ Formulation: Cesa™ Flame
Retardant Additives and OnColor™ Colorants
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-01/mevopur-laser-welding-for-ivd-case-study-brief.pdf
GENOMIC DIAGNOSTIC
DEVICE MANUFACTURER
I N - V I T R O D I AG N O S T I C ( I V D ) D E V I C E
MEVOPURTM Laser-Transmitting and Laser-Absorbing
Pre-color Solution
AVIENT SOLUTION
• Customized solutions - Quality-by-Design (QdB) approach
• Optimized pigment / additive selection – good distribution in
final part minimizes welding failure
• Mitigated contamination and extractable risk on incoming raw
material with control based on fingerprinting
• Ensured uninterrupted supply from multiple ISO13485-2016
certified sites
• Minimized risk of change with change control agreements
WHY AVIENT
KEY REQUIREM ENTS
P R O D U C T I V I T Y & Q UA L I T Y
• Good weldability, low rejection rate
• Solutions in wide range of polymers, colors and
transparency
• Pre-tested ingredients to biocompatibility and
extractable metals
LEARN MORE
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/mevopur-functional-additives
https://www.avient.com/sites/default/files/2024-03/LubriOne PKE - Storage Box Latch case study snapshot.pdf
AUTOMOTIVE
AFTERMARKET
MANUFACTURER
S T O R A G E B O X L A T C H
• Low coefficient of friction (CoF) to allow for ease-of-use
• Colorable to a brand-specified Pantone color
• Low odor in the end product
• Maintain performance when exposed to outdoor elements
and extreme temperatures
• Offered lubricious polyketone (PK) material to
facilitate easy slide and effective latching
• Provided excellent chemical resistance to
cleaning and harsh chemicals, such as bleach,
isopropyl alcohol and automotive fluids
• Formulated a durable material with abrasion
resistance, UV stability, and tolerant of
temperatures from 0°-140°F
• Delivered surety of supply vs. incumbent material
LubriOne™ PKE Polyketone Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2024-03/Aircraft Flooring Case Study Snapshot.pdf
https://www.avient.com/products/polymer-colorants/colorant-dispersions
https://www.avient.com/products/vinyl-formulations/vinyl-plastisols-organosols/core-vinyl-plastisols
https://www.avient.com/sites/default/files/2025-01/Hiformer Liquid Masterbatches Case Study Snapshot_Portuguese.pdf
https://pt.avient.com/products/polymer-colorants/liquid-color-concentrates/hiformer-liquid-masterbatches
Slide 1: Fabricante de embalagens farmacêuticas
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
&
Canada
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
37%
9% 4% 4%
Building &
Energy Telecom
4
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
1. 6.5% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
GUIDANCE
12
14.8%
15.8%
Adjusted EBITDA Margin %
Better-than-expected margins
driven by:
• Resilient demand for
composites and sustainable
solutions which improved
mix of higher margin
applications
• Deceleration of raw material
inflation
• Cost reduction activities
Q1 EBITDA BRIDGE
13
$ millions
CAI:
Price / Mix 19)
Inflation (4)
SEM:
Price / Mix 6)
Inflation (4)
Net Price Benefit 17)
Wage and Energy Inflation (13)
Cost Reductions 8)
FX (6)
Q1 2023 Actual $134)
Adjusted
EBITDA
Q1 2022 Pro Forma $ 176)
Demand (48) • Weak demand
conditions in-line
with previous
expectations
• Pricing continues to
cover inflation of raw
materials, wages
and energy
U.S. & Canada
38%
17%
Q1 2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
23%
Building and
6%Telecommunications
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $846M and $134M, respectively, include intercompany sales eliminations and corporate costs
$537M $91M
$310M $64M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$134M$846M
(1)
14
Q1 2023 SALES BY REGION
Yo Y C H A N G E ( E X C L .
Three Months Ended
March 31, 2023
Three Months Ended
March 31, 2022
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 20.8 $ 0.23 $ 64.4 $ 0.70
Special items, after tax 22.3 0.24 6.4 0.07
Amortization expense, after-tax 15.1 0.16 $ 10.8 $ 0.12
Adjusted net income / EPS $ 58.2 $ 0.63 $ 81.6 $ 0.89
March 31,
Reconciliation of Pro Forma Sales 2023 2022
Sales $ 845.7 $ 892.2
APM pro forma adjustments — 94.9
Pro forma sales $ 845.7 $ 987.1
1
Three Months Ended
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022
Net income from continuing operations – GAAP $ 21.3 $ 64.7
Income tax expense 7.7 20.0
Interest expense, net 28.8 16.9
Depreciation and amortization 50.5 37.6
EBITDA from continuing operations $ 108.3 $ 139.2
Special items, before tax 27.3 6.7
Depreciation and amortization included in special items (1.8) (2.1)
Adjusted EBITDA $ 133.8 $ 143.8
Pro forma APM adjustments — 32.0
Pro forma adjusted EBITDA $ 133.8 $ 175.8
Pro forma adjusted EBITDA as a % of sales 15.8 % 17.8 %
2023 2022
Sales:
Color, Additives and Inks $ 537.0 $ 649.5
Specialty Engineered Materials 309.7 243.1
Corporate (1.0) (0.4)
Sales $ 845.7 $ 892.2
Operating income:
Color, Additives and Inks $ 65.6 $ 94.5
Specialty Engineered Materials 43.1 38.3
Corporate (51.6) (30.6)
Operating income $ 57.1 $ 102.2
Depreciation & amortization:
Color, Additives and Inks $ 25.8 $ 26.0
Specialty Engineered Materials 21.2 7.8
Corporate 3.5 3.8
Depreciation & Amortization $ 50.5 $ 37.6
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 91.4 $ 120.5
Specialty Engineered Materials 64.3 46.1
Corporate (48.1) (26.8)
Other income (expense), net 0.7 (0.6)
EBITDA $ 108.3 $ 139.2
AVNT June IR Conferences w Non GAAP Recs.pdf
AVNT Q1 2023 Earnings Presentation.pdf
AVNT Q1 2023 Earnings Presentation
5.2 221pm IR Deck - AVNT-2023.03.31 (002).pdf