https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Presentation%5B70%5D.pdf
Q 1 2 0 2 3
-8%
+6%
-1%
Flat
10
Total Avient -2.6%
2023 G U IDA N CE
$128
$525
$0.56
$2.40
2023 GUIDANCE
12
$800
$3,280
Sales Adjusted EBITDA Adjusted EPS
(in millions) (in millions)
13
• Focused on working capital
management, restructuring
actions to streamline
operations
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Preserve Free Cash Flow to
maintain net leverage
CASH FLOW / LEVERAGE
($ millions) 2023E
Cash Flow from Operating Activities 320$
Less: CapEx (140)
Free Cash Flow 180$
Adjusted EBITDA 525$
Net Debt / Adjusted EBITDA 3.0x
SUSTAINABILITY AS A GROWTH DRIVER
14
LONG-TERM REVENUE GROWTH DRIVERS
Revenue From Sustainable Solutions* 2016-2022
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
$1,175M
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
SUSTAINABILITY REPORT
2022
• Provides progress on 2030 goals
• Reaffirms commitment to U.N.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
24
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
10.3
14.4
13.6 13.6
12.4
9.0
20.2
18.2
11.5
10.6
9.7 9.6
8.7 8.3
01
1)
01
8)
02
3)
Avient Specialty
Other Specialty /
SEGMENT DATA
U.S. & Canada
40%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
20%
24%
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%
26
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2022 REVENUE | $2 .4 B ILL ION
34%
38%
20%
END MARKET REGION
27
34%
21%
Building &
1% Energy
2%
COLOR, ADDITIVES & INKS
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
52%
35%
28
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
24%
12%
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
29
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/2024-03/Alternatives to Nylon 6_6 Brochure %281%29.pdf
HOW ALTERNATIVE
POLYMERS COMPARE
TO PA 6,6
PA 6 | POSSIBLE APPLICATIONS:
Automotive, Industrial, Consumer & Sporting Goods
Wider processing temperature range
Better surface quality
Better weathering resistance
Shorter conditioning time—nearly half that of PA 6,6
Lower temperature resistance
Slightly lower chemical resistance
Higher water absorption
Lower stiffness/wear resistance
PK | POSSIBLE APPLICATIONS:
Automotive, Consumer & Sporting Goods, Industrial,
Electrical & Electronics
Lower CO2 emissions in production
Better hydrolysis and chemical resistance
Comparable dimensional stability
Inherently lubricious for reduced wear and friction
Easier to mold
Cost competitive
Lower short- and long-term thermal performance
Harder to color
More limited process window
PBT/PET | POSSIBLE APPLICATIONS:
Electrical & Electronics
Lower water absorption
Slightly higher rigidity/stiffness (for PBT)
Better abrasion resistance
Slightly better electric resistance
Lower toughness properties
Higher density
Lower short- and long-term temperature resistance
Lower hydrolysis resistance
PP | POSSIBLE APPLICATIONS:
Automotive, Consumer Goods,
Lightweighting Applications
Lower water absorption
Slightly better chemical resistance
Lower density
Cost effective
Fiber reinforced PP can achieve similar or
better mechanical properties to PA 6,6 GF30
Reduced rigidity/stiffness
Much lower abrasion resistance
Lower electric resistance
Reduced short- and long-term temperature
resistance
PC/PBT & PC/PET BLENDS |
POSSIBLE APPLICATIONS: Automotive Interiors,
Consumer Goods, Household Appliances
Higher impact strength
Good scratch resistance
Good wear resistance
Lower mechanical properties
Higher brittleness
Narrow processing temperature range
PA 6,6/PET BLENDS |
POSSIBLE APPLICATIONS: Automotive, Industrial,
Appliance, Electrical & Electronics, Applications Where
Low Water Absorption is Required
Reduced water absorption—up to 40%
Slightly higher mechanical properties in the conditioned state
Slightly lower temperature resistance
Slightly lower chemical resistance
Narrow processing temperature range
PA/PP BLENDS | POSSIBLE APPLICATIONS:
Automotive Interiors, Electronics,
Consumer & Sporting Goods
Good adhesion to polyolefin-based TPEs
Low permeability of water
Good processability
Lower density
Lower temperature resistance
Lower mechanical properties
POST-INDUSTRIAL RECYCLED SOLUTIONS
(PA 6,6/PA 6/PP) |
POSSIBLE APPLICATIONS: Automotive Accessories,
Industrial, Consumer & Sporting Goods
Between 50-80% recycled content
Good processability
Cost effective
Reduced chemical resistance
Wider range of mechanical specifications
Potential for slightly lower mechanical properties
1.844.4AVIENT
www.avient.com
Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2022-11/Polystrand R Recycled Polyester Composite Tape and Laminates Product Bulletin.pdf
KEY
CHARACTERISTICS
GRADE
NAME
AREAL
WEIGHT
lb/ft2
NOMINAL
THICKNESS
in
TENSILE
MODULUS
ksi
FLEXURAL
STRENGTH
ksi
COMMENTS
> 95% PCR*
recycled
PET resin,
58% glass fiber
Polystrand™ R
5840B 0.0903 0.09 4400 ~80
Equivalent to
standard PETG,
APET; Black
* Resin source is 100% Post Consumer Recycled (PCR) content, but overall recycled content may vary based on color, additives, etc.
https://www.avient.com/sites/default/files/2021-06/fl.us-.datasheet-carbon-fiber.pdf
They also add important characteristics, such as
SWELLCOAT® water-blocking, water repellence, adhe-
sion, color, and wear and UV-resistance to these and
many other applications.
https://www.avient.com/sites/default/files/2024-06/Cesa Flame Retardant Product Selection Guide %281%29.pdf
CESA FLAME RETARDANT ADDITIVES – STANDARD OFFERINGS
Cesa Flame Retardant Additives can be used in combination with other colorants or additives, and formulations can be customized for most
applications.
https://www.avient.com/sites/default/files/2021-06/fl.datasheet-kevlarr-distribution-program.pdf
They also add important characteristics, such as
SWELLCOAT® water-blocking, water repellence, adhe-
sion, color, and wear and UV-resistance to these and
many other applications.
https://www.avient.com/sites/default/files/2020-07/sem-w-c-solutions-for-optical-fiber-cable-product-bulletin-a4.pdf
KEY CHARACTERISTICS
• Faster processing speeds (up to 1,000
m/min) at low wall thickness (100 µm)
• Increased chemical resistance
• Lower gel migration
• ECCOH 6153 UV - optimized for Teroson
• ECCOH 6154 UV - optimized for Unigel
• High color rendition and compatibility with
Avient masterbatch
• High UV resistance
• Very low shrinkage
MARKET & APPLICATIONS
Optical Fiber Cables including:
• Stranded loose tubes – gel-filled/dry
• Micro-modules
• Tight buffer applications – gel-filled/dry
STANDARD COMPLIANCE
• IEC 60794
• NF XP C93-850-1-1:2020
• EN 50289-4-17:2016
• ISO 4892:2016
• ST/CNET/5843 (1998)
PRODUCT BULLETIN
GEL MIGRATION PERFORMANCE
ECCOH LSFOH 6153/6154 UV grades offer greater gel migration performance compared to alternative
ECCOH grades.
https://www.avient.com/sites/default/files/2020-11/eccoh-product-selection-guide-en.pdf
Continuous Use Temp °C 90°C 90°C 105°C 90°C 125°C 90°C 90°C 105°C
SMOKE DENSITY (MAX)
Flaming Mode 45 104 312 163 312 118 98 60 101 121
Non-Flaming Mode 212 279 303 416 297 369 296 223 296 393
FEATURES
ESCR x
Flame Performance x x x x x
Heat Resistance x x x
High Char Forming x
Low Temperature
Performance x x
Mechanical Properties x x x
Oil Resistance x
UL Listed Halogen-Free x x x
FEATURES
Wire and Cable
• Highly flame retardant
• Very low toxicity and smoke density
• Many grades are cross-linkable
• Can be processed with color or additive
concentrate, and with UV stabilizer
Pipe and Fittings
• Highly flame retardant
• Very low toxicity and smoke density
• Suitable for extrusion, injection molding
ECCOH™
ECCOH™ non-halogenated formulations
re designed to be highly flame retardant
with extremely low toxicity and smoke
density.
https://www.avient.com/sites/default/files/2021-06/fl.datasheet-extrusion.pdf
They also add important characteristics, such as
SWELLCOAT® water-blocking, water repellence, adhe-
sion, color, and wear and UV-resistance to these and
many other applications.
https://www.avient.com/sites/default/files/2021-06/fl.a4.datasheet-technora.pdf
They also add important characteristics, such as
SWELLCOAT® water-blocking, water repellence, adhe-
sion, color, and wear and UV-resistance to these and
many other applications.