https://www.avient.com/sites/default/files/2023-09/Avient Sustainability Day 2023 - Website %289.19%29.pdf
DISCLAIMER
Avient Corporation 3
Avient Corporation 4
Welcome
Chairman, President, and Chief Executive Officer
INTRODUCTION
Sustainability for a Better Tomorrow
Senior Vice President and Chief Financial Officer
Avient Corporation 5
WE ARE A FORMULATOR
CUSTOM
FORMULATION
Avient Corporation 6
Avient Corporation 7
WE ARE INNOVATORS
2,500+
ACTIVE PATENT
FILINGS WORLDWIDE
1,100+
RESEARCH AND
DEVELOPMENT ASSOCIATES
>85% Stage-gate technology projects
enable sustainable solutions
INDIA INNOVATION CENTER
33%
2022 VITALITY
INDEX
140+
MATERIAL SCIENCE
PhD ASSOCIATES
Avient Corporation 8
3% 3%
5%
Avient Specialty Formulators Other Specialty /
Chemical Companies
CAPEX / Revenue
2023E
Global footprint enables greater flexibility to exceed
needs of customers and deliver localized technical
and formulation expertise
9
36
24
Manufacturing Locations by Region
WE ARE ASSET LIGHT
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA
Avient Corporation 9
Asset-light flexibility
enables more nimble
manufacturing capabilities
and lower overhead
Periods of economic
weakness have driven
higher levels of cash
generation due to working
capital improvement
PROVEN TRACK RECORD OF HIGH FREE CASH FLOW CONVERSION
80% 80%
81%
84%
83%
79%
50%
70%
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E
150
200
250
300
350
400
Fr
ee
C
as
h
Fl
ow
C
ve
rs
io
Fr
ee
C
as
h
Fl
ow
FCF $ AVNT FCF Conversion % S&P FCF Conversion %
2 Recent Divestitures - Combined $1.7B in Proceeds
PORTFOLIO EVOLUTION
Avient Corporation 10
Combined $3.6B Investment in Acquisitions Since 2016
Color Business
Distribution
2016 2022
PORTFOLIO TRANSFORMATION
46%
87%
0%
20%
2005 2010 2015 2020 2023
%
o
f A
dj
us
te
d
EB
IT
DA
Commodity JVs Distribution Performance Products & Solutions Specialty Businesses
Adjusted EBITDA from Specialty Applications
Avient Corporation 11
END MARKET TRANSFORMATION
Defense
Avient Corporation 12
8%
23%
4%
2006 2023E
Other
Industri
es
22%
56%
14%
43%
9%
2006 2023E
Reduced Exposure to Cyclical End Markets End Market Diversification
Transportation
Building &
Construction
57%
Defense
IMPROVING PROFITABILITY AND EXPANDING MARGINS
Avient Corporation 13
Adj.
EBITDA Margins
(1)
5.4%
11.5%
16.0%
2006 2018 2023E
• Delivered on organic growth combined with
transformative and bolt-on acquisitions
• Divested commodity businesses tied to more
cyclical end markets
• Expanded presence in high growth areas of
sustainable solutions, composites, healthcare
applications and emerging regions
LONG-TERM REVENUE GROWTH DRIVERS
Avient Corporation 14
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other (GDP growth) 0–2%
Avient 6%
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
(GDP Growth)
HISTORICAL GROWTH DRIVER PERFORMANCE
Avient Corporation 15
Composites
$51
$84
$212
$668
$108 $113
$231
$293
Asia/Emerging Regions
$265
$358
$726
$830
12%
$340
$455
$790
$1,175
Sustainable Solutions
(Sales $ in millions)
Avient Corporation 16
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020 2021 2022
Revenue From Sustainable Solutions 2016-2022
($ in millions)
11% Organic CAGR
$1,175M
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Reduced Energy Use
Bio-polymers
Solutions to increase
recycled content and
minimize plastic waste
Solutions to reduce
weight and energy
consumption
Solutions to preserve and
protect natural resources
& human life
SUSTAINABILITY: FOCUS TODAY
Sustainability Strategy
Walter Ripple
Vice President, Sustainability
Avient Corporation 17
OUR SUSTAINABILITY COMMITMENT
As the world’s premier provider of specialized and sustainable materials,
services, and solutions, Avient is committed to meeting the needs of the present
without compromising future generations’ ability to meet their needs.
Manager Equipment Control - KLM-Martinair
Avient Corporation 60
18
27
5
10
15
25
45
2023 2026 2029 2032
EMEA APAC Americas
11% CAGR
38
49
53
58
45
55
2023 2026 2029 2032
Source: NHTSA, Reuters Source: BloombergNEF
Global Offshore Wind Installations
M
ile
s P
er
G
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An
nu
In
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tio
ns
(i
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Gi
ga
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)
1.
https://www.avient.com/sites/default/files/2024-09/Complet OnForce LFT Overview _ Brand Brochure.pdf
Complēt™ MT
Maximum toughness, long fiber reinforced nylons
(polyamides) formulated for extra impact and fatigue
resistance.
Complēt™ Moisture Resistant
Long fiber reinforced nylon 6 or 66 thermoplastics
formulated for more consistent performance in
moisture-rich conditions.
Available with post-consumer recycled (PCR) nylon 6,
and post-industrial recycled (PIR) nylon 66 and TPU.
https://www.avient.com/sites/default/files/2023-07/Nymax REC - holster Case Study snapshot.pdf
MILITARY AND TACTICAL
GEAR MANUFACTURER
H O L S T E R
• Impact resistance in all temperatures
• Strength
• Ductility
• UV resistance
• Easy to process
• Color match to specific black color
• Supported material selection and provided
technical processing expertise through our
application development and technical
service team
• Enabled two-day delivery through regional
stocking strategies
Nymax™ REC Post-Industrial Recycled Nylon
Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/nymax-post-industrial-recycled-nylon-formulations
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-nymax-pir-marine-accessories.pdf
OUTDOOR HIGH
PERFORMANCE
MANUFACTURER
M A R I N E A C C E S S O R I E S
• High strength
• High UV resistance
• Structural stiffness
• Provided multiple nylon grades for several
marine accessories
• Complemented customer expertise with
application development insight and
technical support in material selection
• Eliminated supply concerns by serving as a
single, stable source for numerous materials
Nymax™ PIR Post-Industrial Recycled Nylon
Formulations
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/resources/Overmolding_of_Thermoplastic_Elastomers_Engineered_solutions_for_consumer_product_differentiation.pdf
Rigid substrates include polypropylene(PP), polyethylene (PE),
amorphous polar plastics such as polycarbonate (PC), polymethylmethacrylate (PMMA), polystyrene (PS), high
impact polystyrene(HIPS), polyphenylene oxide (PPO), glycol modified polyethylene terephthalate (PETG),
Acrylonitrile Butadiene Styrene (ABS), semicrystalline polar plastics such as polyester (PET, PBT) and
Polyamide (Nylon 6, Nylon 66).
Selective commercial
grades of TPEs and developmental TPEs bond to crystalline polymers such as Acetal (POM), Nylon 6, Nylon
6,6, Copolyester , Polybutylene terephthalate (PBT).
Chemical bonding
such as Hydrogen Bonding)
=Overmold
=Substrate
Figure 4: Mechanisms of bonding between TPE and rigid substrate
Page 11
July 19, 2007
Figure 5: Schematic diagram of peel adhesion testing.
https://www.avient.com/knowledge-base/article/overmolding-solutions
Overmolding Nylon/Polyamides (PA)
Overmolding to a wide variety of modified and filled nylons is now possible with solutions from Avient.
Versaflex™ OM 6059-9 – High flow nylon overmold
https://www.avient.com/sites/default/files/2024-03/Edgetek PKE High Impact Formulations Technical Bulletin.pdf
These properties offer manufacturers
a high-performing, cost-competitive, and more
eco-conscious alternative to nylons.
These materials also offer a sustainability benefit
through a reduced carbon footprint because PK
base resin production emits up to 61 percent less
carbon dioxide (CO2) than nylon, helping to improve
sustainability over the end-product lifecycle.
When processing,
these have similar shrink to nylons, set up quickly,
and have short cycle times.
https://www.avient.com/sites/default/files/2024-04/Versaflex TF TPE Solutions for Textile Fabric Product Bulletin.pdf
Versaflex™ TF Adhesive TPE solutions, developed
for adhesive films in laminations with nylon and
polyester textile fabrics, enable brand owners
and OEMs to create a new generation of soft,
stretchable, and breathable fabrics for athletic
apparel such as sportswear and underwear.
Compared to
TPU adhesive films and traditional glue, these new
TPE solutions can deliver a seamless and strong
adhesion to polyester and nylon fabrics, enabiling
a uniform thickness and overall appearance for an
athletic, close-fitting, and non-bruising finish.
KEY CHARACTERISTICS
• High-wearing comfort and elastic recovery
• Strong and seamless adhesion to polyester and
nylon fabrics
• Passed OEKO-TEX 100-2 testing
• Excellent washability at up to 60°C
• Non-toxic formulations with low volatile
organic compounds (VOC) and without added
plasticizers
• Attractive alternative to conventional TPU
adhesive film and glue
MARKETS & APPLICATIONS
Versaflex TF Adhesive TPE solutions have been
custom engineered for:
• Elastic strips in underwear
• Seam tapes in sports and fitness apparel
PRODUCT BULLETIN
1.844.4AVIENT
www.avient.com
Copyright © 2024, Avient Corporation.
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