https://www.avient.com/knowledge-base/article/exploring-world-fluoropolymers?rtype[]=1164
As mentioned earlier, fluoropolymers can be used in many different areas, and the optimal fluoropolymer type and appropriate color masterbatch will depend on the part’s requirements.
Understanding the part size and wall thickness allows a masterbatch to be designed with the appropriate pigment strength, particle size, and dispersibility.
Color masterbatch formulations can produce opaque colors or can be developed with the appropriate pigment particle size and loading to enable translucent colors.
https://www.avient.com/knowledge-base/article/exploring-world-fluoropolymers?ind[]=6598
As mentioned earlier, fluoropolymers can be used in many different areas, and the optimal fluoropolymer type and appropriate color masterbatch will depend on the part’s requirements.
Understanding the part size and wall thickness allows a masterbatch to be designed with the appropriate pigment strength, particle size, and dispersibility.
Color masterbatch formulations can produce opaque colors or can be developed with the appropriate pigment particle size and loading to enable translucent colors.
https://www.avient.com/knowledge-base/article/exploring-world-fluoropolymers?ind[]=21506
As mentioned earlier, fluoropolymers can be used in many different areas, and the optimal fluoropolymer type and appropriate color masterbatch will depend on the part’s requirements.
Understanding the part size and wall thickness allows a masterbatch to be designed with the appropriate pigment strength, particle size, and dispersibility.
Color masterbatch formulations can produce opaque colors or can be developed with the appropriate pigment particle size and loading to enable translucent colors.
https://www.avient.com/knowledge-base/article/exploring-world-fluoropolymers?ind[]=6601
As mentioned earlier, fluoropolymers can be used in many different areas, and the optimal fluoropolymer type and appropriate color masterbatch will depend on the part’s requirements.
Understanding the part size and wall thickness allows a masterbatch to be designed with the appropriate pigment strength, particle size, and dispersibility.
Color masterbatch formulations can produce opaque colors or can be developed with the appropriate pigment particle size and loading to enable translucent colors.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Presentation.pdf
EPS
$0.14
$2.67
$3.04
TOP-TIER SUSTAINABILITY PERFORMANCE
AND RECOGNITION
Industry Sustainability Standards
90th
percentile
84th
ESG Ratings Performance
1
10
PEOPLE
C U L T U R E I S E V E R Y T H I N G
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $17 million
raised since 2010
Diversity & Inclusion
11
2022 RE SU LT S
Q4 EBITDA BRIDGE
(PRO FORMA TOTAL COMPANY)
13
$ millions
CAI:
Price / Mix 42
Inflation (20)
SEM:
Price / Mix 14
Inflation (10)
Net Price Benefit 26
Wage and Energy Inflation (13)
Clariant Color Integration Synergies 4
Incentives, Other Employee Costs 21
FX (10)
Q4 2022 $107
Adjusted
Q4 2021 $ 132
Demand (50)
Russia Import Sales (3)
• Demand contraction
especially prevalent in
EMEA and Asia
• Pricing continues to cover
inflation of raw materials,
wages and energy
PROVEN TRACK RECORD OF STRONG AND
IMPROVING FREE CASH FLOW GENERATION
14
• Periods of economic
weakness have driven
higher levels of cash
generation due to
working capital
management
• Anticipate continued
strong free cash flow
generation and
conversion despite
global uncertainty
78% 78% 80% 80% 81%
78%
84% 83%
80%
0%
30%
40%
50%
60%
70%
80%
90%
2014 2015 2016 2017 2018 2019 2020 2021 2022
0
50
100
150
200
250
300
350
400
re
e
as
h
F
lo
w
C
o
n
ve
rs
io
n
re
e
as
h
F
lo
w
FCF $ AVNT FCF Conversion % S&P FCF Conversion %
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. 2020 is pro forma for Clariant Color and 2022 is pro forma for Avient Protective Materials
$600 $592
$3.02 $3.04
FULL YEAR 2022 PERFORMANCE
(TOTAL COMPANY PRO FORMA)
15
Sales Adjusted EBITDA
$3,712 $3,653
-2%
Adjusted EPS
-1% + 1%
(in millions) (in millions)
(+4% excluding FX) (+5% excluding FX) (+9% excluding FX)
FULL YEAR 2022 SEGMENT PERFORMANCE
16
CAI
$2,402 $2,355
$409 $402
SEM Pro Forma
$1,308 $1,300
$278 $272
(+4% excluding FX)
- 2% -1%
(+5% excluding FX)
- 2%
(+4% excluding FX)
- 2%
(+2% excluding FX)
PRO FORMA FULL YEAR EPS BRIDGE
17
Pro Forma 2021 Adjusted EPS 3.02$
Foreign Currency (0.23)
Russia Import Sales (0.07)
Outdoor High Performance (0.13)
Color, Additives and Inks 0.18
Specialty Engineered Materials 0.24
Corporate Costs / Other 0.03
Pro Forma 2022 Adjusted EPS 3.04$
FULL YEAR EBITDA BRIDGE
(PRO FORMA TOTAL COMPANY)
18
$ millions
CAI:
Price / Mix 247
Inflation (176)
SEM:
Price / Mix 121
Inflation (77)
Net Price Benefit 115
Wage and Energy Inflation (47)
Clariant Color Integration Synergies 23
Incentives, Other Employee Costs 43
FX (34)
Full Year 2022 $592
Adjusted
Full Year 2021 $ 600
Demand (99)
Russia Import Sales (9) • Demand primarily impacted
by China lockdowns, 4th
quarter industrywide
destocking and declining
consumer sentiment
• Pricing outpaced inflation of
raw materials, wages and
energy
2023 G U IDA N CE
$125
$530
$0.55
$2.40
2023 GUIDANCE
20
Sales Adjusted EBITDA
$845
$3,450
Adjusted EPS
(in millions) (in millions)
CASH FLOW / BALANCE SHEET
21
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability, primarily
in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
K E Y G R O W T H D R I V E R S
A N D T R A N S F O R M E D
P O R T F O L I O
GROWTH DRIVERS: PROVEN SUCCESS
23 (1) Pro forma for the acquisition of Avient Protective Materials (APM)
COMPOSITES
$51
$84
$212
$668
HEALTHCARE
$108 $113
$231
$293
8-10%
ASIA/EMERGING REGIONS
$265
$358
$726
$830
12%
$340
$455
$790
$1,175
SUSTAINABLE SOLUTIONS
8-12%
(1) (1)(1)
(Sales in $ millions)
#1 Color Formulator
Dyneema® - World’s Strongest
Fiber™
#1 in Composites applications
for outdoor high performance
#1 in Performance Inks
Customized solutions
140+ PhDs on staff
Rapid development of
innovative products
Extensive patent (2,500+)
portfolio
33% Vitality Index
Better-positioned toward stable,
high-growth end markets
Consumer, packaging,
healthcare and defense comprise
nearly 60% of sales
Agnostic to raw materials,
helping all customers achieve their
goals
Broad portfolio of diversified
sustainable solutions
90%+ of our innovation pipeline
invested in sustainable solutions
Long-term growth rate well
above GDP with expectations of
8-12%
LEVERAGING OUR TRANSFORMED PORTFOLIO
24
Building &
4% Telecom.
2022 PF
$3.65B
sales
Leading Positions Sustainable SolutionsDiversified IndustriesSpecialty Formulator
(1) 2022 Pro forma for the acquisition of Avient Protective Materials
(2) 2020 Pro forma for the acquisition of Clariant Color
(1)(2)
$340M
$455M
$790M
2016 2018 2020PF 2022PF
$1,175M
P EE R C O M PAR IS O N S
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,450 and estimated run-rate CAPEX of $110M.
27
2
4 4
5 5 5
6
7 7
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/news/polyone-showcases-full-spectrum-colorants-and-additives-fused-local-service-south-america
SÃO PAULO, Brazil – April 19, 2019 – During the 2019 Feiplastic tradeshow here next week, PolyOne will feature enhanced local service capabilities in South America, combined with its unmatched portfolio of polymer colorants and additives that span both solid masterbatch and liquid colorant solutions.
Masterbatch Colorant Solution
Now available in South America, OnColor™ SC Super Concentrates are densely pigmented masterbatches that feature greater active loadings to lower colorant use rates without compromising quality
https://www.avient.com/resource-center?document_type=0&industry=0&product_family=84&product_subfamily=0&product_name=0&op=FILTER RESULTS&form_build_id=form-fNS88LG3BRw1MCsEhxqrGzoCcCISeOxlsDfIOUV4Mx0&form_id=resource_filter_form&page=4
Colorant Chromatics PEI Masterbatch - Colors for High Temperature Injection Molding
Colorant Chromatics PPSU Masterbatch - Colors for High Temperature Injection Molding Applications
Smartbatch™ formulations blend design and function in one masterbatch solution
https://www.avient.com/news/archives?page=32
New Rejoin™ PCR Masterbatch Makes 100 Percent PCR a Reality for Polyolefin Packaging
CLEVELAND – March 12, 2021 – Avient today announced the launch of Rejoin™ PCR Masterbatch for polyolefin packaging applications.
https://www.avient.com/sites/default/files/2020-09/oncolor-sc-product-bulletin-8.5x11.pdf
OnColor™ SC Super Concentrate Technologies
Optimize Color Usage and Expand Sustainability
PRODUCT DESCRIPTION
OnColor™ SC Super Concentrate color technologies
feature substantially greater active pigment
loadings than traditionally designed color
masterbatches.
These technologies enable lower colorant use
rates while achieving the same quality as higher
let down ratios and traditional masterbatches.
Increase Sustainability Using More
Recycled Content
OnColor SC Super Concentrates give you the
flexibility to incorporate higher levels of post-
consumer regrind (PCR) than with traditional
color masterbatches to help meet sustainability
initiatives and recycled content requirements
without adversely affecting the performance or
aesthetic of your designs.
https://www.avient.com/products/polymer-additives/visual-enhancement-effects/cesa-bright-optical-brighteners
Cesa™ bright masterbatches convert UV radiation into visible, bluish light in order to improve the long-term, white appearance of finished plastic products.
Our light diffusion masterbatches deliver a customer-specified mixture of light transmission, light diffusion, and hiding power.