https://www.avient.com/sites/default/files/2025-05/AVNT May Investor Presentation_w_non-GAAP_0.pdf
All Rights Reserved
2025 18
Color, Additives & Inks – Q1 2025 performance
Sales
515
520
Q1 2024 Q1 2025
EXCL.
All Rights Reserved
2025
Color, Additives & Inks
E N D M A R K E T S R E G I O N S
34%
21%
15%
11%
9%
8%
Packaging
Telecom 1%Energy 1%
Transportation
Industrial
Consumer
34%
37%
20%
9%
US & Canada
Latin America
Asia
Europe, Middle East
and Africa
Healthcare
Building &
Construction
26Copyright © .
All Rights Reserved
2025 30
Reconciliation of
Non-GAAP financial
measures
Reconciliation to EBITDA and Adjusted EBITDA
Three months ended March 31,
2025 2024
$ Millions $ Millions
Sales Color, Additives and Inks 519.7 515.3
Specialty Engineered Materials 308.4 314.4
Corporate (1.5) (0.7)
Sales 826.6 829.0
Operating income Color, Additives and Inks 78.6 74.8
Specialty Engineered Materials 47.1 53.4
Corporate (125.0) (34.2)
Operating income 0.7 94.0
Depreciation and
amortization
Color, Additives and Inks 21.7 21.9
Specialty Engineered Materials 21.5 19.6
Corporate 2.1 2.8
Depreciation and amortization 45.3 44.3
EBITDA
Earnings before
interest, taxes,
depreciation and
amortization
Color, Additives and Inks 100.3 96.7
Specialty Engineered Materials 68.6 73.0
Corporate (122.9) (31.4)
Other expense, net (0.4) (0.9)
EBITDA 45.6 137.4
Special items, before tax 101.2 6.2
Interest expense included in special items (1.7) -
Depreciation and amortization included in special items (0.4) (0.5)
Adjusted EBITDA 144.7 143.1
Adjusted EBITDA as
a percent of sales
Color, Additives and Inks 19.3% 18.8%
Specialty Engineered Materials 22.2% 23.2%
PAGE 2 OF 3
Copyright © .
https://www.avient.com/sites/default/files/2025-02/News Release - AVNT-2024.12.31-News Release 2.12.25 2PM_0.pdf
We grew organic
sales in each of the regions with both our Color, Additives and Inks and Specialty Engineered
Materials segments growing at 3% and 6%, respectively, while expanding adjusted EBITDA
margins 90 and 110 basis points, respectively, over 2023.”
Our expanding portfolio of offerings includes colorants,
advanced composites, functional additives, engineered materials, and Dyneema®, the world’s
strongest fiber™.
In addition, operating income before the effect of special items is a component of Avient's annual
incentive plans and is used in debt covenant computations.
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
Therefore, we may incur additional costs or liabilities in the future.
However, such
additional costs, if any, cannot currently
be estimated.
However, such additional
costs, if any, cannot be currently estimated.
https://www.avient.com/sites/default/files/2022-10/Wall Partitions Mini Case Study.pdf
WALL PARTITION
MANUFACTURER
F O O D P R O C E S S I N G
E N V I R O N M E N T S
• Decrease growth of microbes on plastic surfaces that
come in contact with food products
• Compatibility with sheet extrusion processing
• Maintain all other functional attributes inherent to product,
such as ROHS, flame retardant standards, and specific
brand color
• Seamlessly incorporated multifunctional additives
for optimal performance in reducing microbe
growth
• Developed custom formulation for complex
processing configurations in sheet extrusion
technology
• Provided expertise in antimicrobial performance,
chemical resistance, flame retardance, and
regulatory product stewardship
Cesa™ WithStand™ Antimicrobial Additives and
Smartbatch™ Combination Colorants and Additives
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/withstand-antimicrobial-additives
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202018.pdf
In addition, operating income
before special items and adjusted EPS are components of various PolyOne
annual and long-term employee incentive plans
I N V E S T O R D A Y A G E N D A M A Y 1 0 , 2 0 1 8
PolyOne Corporation 5
8:00 WELCOME BREAKFAST
9:00 Introduction:
Bob Patterson
9:45 Investing for Growth:
Michael Garratt
Commercial Resources
Innovation
Service
10:15 SEGMENT REVIEWS
PolyOne Distribution:
Scott Horn
Specialty Engineered Materials:
Michael Garratt
BREAK (10 MINUTES)
SEGMENT REVIEWS (CONTINUED)
Performance Products & Solutions:
Don Wiseman
Color, Additives & Inks:
Mark Crist
11:40 Mergers & Acquisitions:
Joel Rathbun
12:00 Financial Review:
Brad Richardson
12:20 Conclusion/Q&A:
Bob Patterson
1:00 LUNCH
Bradley C.
Garratt
Senior Vice President &
Chief Commercial Officer
João José San Martin Neto
Senior Vice President and
Chief Human Resources Officer
Cathy Dodd
Vice President
Marketing
Mark Crist
Senior Vice President,
President of Color, Additives & Inks
Lisa Kunkle
Senior Vice President,
General Counsel & Secretary
Chris Murphy
Vice President,
Research & Development,
Chief Innovation Officer
T H E L E A D E R S B E H I N D T H E T E A M
PolyOne Corporation 6
Robert M.
https://www.avient.com/sites/default/files/2023-06/2023 Paddlesports Application Graphic.pdf
STRENGTH & FLEX
Excellent Dimensional Stability,
High Stiffness, Impact Resistance
SOLUTION: Short & Long Fiber
Formulations, Continuous Fiber
Composite Tapes & Laminates
DURABILITY
Density, Stiffness, Strength
SOLUTION: Short & Long Fiber
Formulations
SURFACE PROTECTION
Performance Enhancements, Chemical Resistance
SOLUTION: Scratch & Mar Resistance,
UV Stable Additives
TACTILE EXPERIENCE
Soft Touch, Slip Resistance
SOLUTION: Thermoplastic
METAL REPLACEMENT
High Stiffness-to-Weight Ratio,
Lightweighting, Buoyancy
SOLUTION: Continuous Filament
Winding Technology
EXTREME
PERFORMANCE
Waterproof Seals
& Closures
SOLUTION: Thermoplastic
DYNAMIC COMFORT
Durability, Customization,
Shock Absorption
SOLUTION: Thermoplastic
Elastomers
COLOR RESILIENCE
Excellent Adhesion
to Substrates,
Weatherability
SOLUTION: Plastisol
Textile Inks
FUNCTIONALITY
High Stiffness, Structural Integrity, Metal
Replacement
SOLUTION: Short & Long Fiber
Formulations, Continuous Fiber Composite
Tapes & Laminates
AESTHETIC APPEAL
Custom Colors, Patterns
& Tones
SOLUTION: Custom Polymer
Colorants, Specialty Additives
RESILIENCE
Weatherability, Longevity
SOLUTION: Specialty
Engineered Polymer
Formulations
For more on material solutions for outdoor equipment,
visit avient.com/outdoor.
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-scratch-mar-resistance-additives
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-continuous-filament-wound-tubes-poles
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-continuous-filament-wound-tubes-poles
https://www.avient.com/products/screen-printing-inks
https://www.avient.com/products/screen-printing-inks
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations
https://www.avient.com/products/polymer-colorants
https://www.avient.com/products/polymer-colorants
https://www.avient.com/products/polymer-additives
https://www.avient.com/outdoor
https://www.avient.com/outdoor
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
Therefore, we may incur additional costs or liabilities in the
future.
However, such
additional costs, if any, cannot currently
be estimated.
These results are reported in the Color, Additives and Inks segment.
https://www.avient.com/sites/default/files/2024-09/Colorant Chromatics Brochure_2024.pdf
We supply fluoropolymer and
high-temperature thermoplastics-based colorant and additive
concentrates and compounds, dispersed pigments for coloring
PTFE, functional additives such as laser marking, foaming agents,
conductive, antistatic, radiopaque, reinforced, and cross-linked
grades, as well as a full range of printing, striping, and marking inks.
Laser
marking additives are added to polymers, such
as fluoropolymers, that do not readily absorb the
wavelength of laser light.
These dispersions
also contain additives, making both the pigment
dispersion and the PTFE paste material more
compatible.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for the United Kingdom.pdf
Seller’s processing of any order is expressly conditioned on Buyer’s
assent to and acceptance of these Terms, including all terms that are
different from or in addition to any purported terms and conditions
of the order.
Any additional, different or other terms and/or
conditions contained in any purchase order, document, website or
other communication by or from Buyer are hereby objected to and
rejected by Seller.
No modification or
addition to the contract shall occur by the acknowledgment or
acceptance by Seller of a purchase order, acknowledgment, release
or other form submitted by Buyer containing additional or different
terms or conditions.
20.
https://www.avient.com/sites/default/files/resources/POL%2520Gabelli%2520IR%2520Presentation%2520w%2520Non-GAAP%252003%252020%25202014.pdf
In addition, operating income
before special items and adjusted EPS are components of various PolyOne
annual and long-term employee incentive plans
Platform operating income mix percentage 2005Y* 2006* 2008Y* 2010Y* 2013Y
Global Specialty Engineered Materials $ 0.4 $ 3.9 $ 17.6 $ 49.7 $ 57.2
Global Color, Additives and Inks 4.3 8.9 28.1 37.7 104.0
Designed Structures and Solutions - - - - 33.4
Specialty Platform $ 4.7 $ 12.8 $ 45.7 $ 87.4 $ 194.6
Performance Products and Solutions 75.7 64.2 31.3 54.0 56.0
Distribution 19.5 19.2 28.1 42.0 63.3
SunBelt Joint venture 91.9 102.9 28.6 18.9 -
Corporate (51.5) 34.5 (425.1) (27.7) (82.4)
Operating income (loss) GAAP $ 140.3 $ 233.6 $ (291.4) $ 174.6 $ 231.5
Less: Corporate operating expense 51.5 (34.5) 425.1 27.7 82.4
Operating income excluding Corporate $ 191.8 $ 199.1 $ 133.7 $ 202.3 $ 313.9
Specialty platform operating mix percentage 2% 6% 34% 43% 62%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
Reconciliation to Condensed Consolidated Balance Sheets 2013
Short-term debt and current portion of long-term debt $ 12.7
Long-term debt 976.2
Less cash and cash equivalents (365.2)
Net debt $ 623.7
Adjusted EBITDA 2013
Income before income taxes $ 151.0
Interest expense, net 63.5
Depreciation and amortization 108.8
Special items in EBITDA 31.7
Adjusted EBITDA $ 355.0
2
Platform sales and operating income (OI) 2006Y* 2013Y
Global Specialty Engineered Materials sales $ 345.3 $ 615.5
Global Color, Additives and Inks sales 531.8 852.3
Designed Structures and Solutions sales - 597.4
Specialty Platform sales 877.1 2,065.2
Performance Products and Solutions sales 1,166.2 773.2
PolyOne Distribution sales 732.8 1,075.2
Corporate and eliminations (153.7) (142.4)
Total sales $ 2,622.4 $ 3,771.2
Global Specialty Engineered Materials OI $ 3.9 $ 57.2
Global Color, Additives and Inks OI 8.9 104.0
Designed Structures & Solutions OI - 33.4
Specialty Platform OI 12.8 194.6
Performance Products and Solutions OI 64.2 56.0
PolyOne Distribution OI 19.2 63.3
Sunbelt Joint Venture OI 102.9 -
Corporate and eliminations (4.6) (52.4)
Special items in OI 39.1 (30.0)
Operating income GAAP 233.6 231.5
Sunbelt equity income (107.0) -
Special items in OI (39.1) 30.0
Adjusted operating income $ 87.5 $ 261.5
Global Specialty Engineered Materials - OI % of sales 1.1% 9.3%
Global Color, Additives and Inks - OI % of sales 1.7% 12.2%
Designed Structures & Solutions - OI % of sales - 5.6%
Specialty platform OI - % of sales 1.5% 9.4%
PP&S operating OI - % of sales 5.5% 7.2%
Distribution OI - % of sales 2.6% 5.9%
PolyOne OI adjusted - % of sales 3.3% 6.9%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.