https://www.avient.com/industries/consumer/consumer-discretionary/home-household/housewares-accessories
Color Trends in Pet Products
PET Bottle for Hair Care
Pet Care & Supplies
https://www.avient.com/sites/default/files/2021-11/avnt-november-investor-meetings.pdf
Microsoft PowerPoint - AVNT Nov Investor Meetings Update
AVIENT CORPORATION
I N V E S TO R M E E T I N G S
(NYSE: AVNT)
N OV E M B E R 2 0 2 1
DISCLAIMER
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Post-consumer recycled content as percentage of total plastic packaging volume, by weight
ENABLING THE USE OF RECYCLED CONTENT
T O P 5 G A P S T H A T W E A R E A D D R E S S I N G
2) DECONTAMINATION1) COLOR MANAGEMENT 3) MAINTAINING MECHANICAL
PROPERTIES
4) MONO-MATERIAL
CONSTRUCTION
5) CONSISTENT RECYCLED
MATERIAL QUALITY
15
G U I D I N G B R A N D S T O W H A T I S P O S S I B L E
CASE STUDY WITH BRAND OWNER
Recycled ResinVirgin Resin
16
SUSTAINABILITY FOR A BETTER TOMORROW
• Revenue from sustainable solutions expected
to grow 18% in 2021 as our innovation efforts
and collaboration with customers continues to
accelerate
• Investments centered around innovation and
global sustainability megatrends
o Enabling a circular economy –
Technologies that allow for increased use of
post-consumer recycled (PCR) material and
improve recyclability of plastics
o Light-weighting – Composites and CAI
applications to reduce weight and material
requirements, which minimize energy and
carbon emissions
o Eco-Conscious – Health and human safety
applications as well as Avient’s alternative
materials to replace lead, PVC, halogens,
BPA and other less eco-friendly options
*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
2016 2017 2018 2019 2020PF** 2021E
$405M
$455M
$340M
$550M
$790M
Revenue From Sustainable Solutions* 2016-2021
$930M
Q3 2020 $925 $74
Sustainable Solutions 35 19% 14
Healthcare 51 44% 10
Composites 13 39% 6
Growth in Asia / LATAM 14 11% 3
Other 177 39% 16
Sub-total $1,215 31% $123
Supply Chain Disruption Costs (19)
COVID Response Applications (5) (3)
FX Impact 10 2
Synergies 12
Incentives, Travel, Other Employee Costs (16)
Q3 2021 $1,220 32% $99
Q3 2021 SALES AND OPERATING INCOME
18
Sales Growth Rate
Operating
Income$ millions
19
Q3 2020 Q3 2021
(1) Financial information is presented on a constant currency basis
(44% of total revenue)
(56% of total revenue)
Q3 END MARKET SALES PERFORMANCE
+20%
+31%
+40%
+24%
+46%
+40%
+14%
+33%
Energy Telecom Building &
Transportation Industrial Healthcare Packaging Consumer
Q3 YEAR-OVER-YEAR EBITDA BRIDGE
20
• Demand driven by growth
in sustainable solutions,
healthcare and consumer
applications
• Price increases more than
offsets raw material and
supply chain impacts
• Synergy capture on pace
to achieve $50M in annual
savings in 2021
Q3 2020 $ 111
Demand 29
EBITDA$ millions
CAI:
Price / Mix 51
Inflation (37)
SEM:
Price / Mix 25
Inflation (22)
Distribution:
Price / Mix 108
Inflation (103)
Net Price Benefit 22
Supply Chain Disruption Costs (19)
COVID Response Applications (3)
Synergies 12
Incentives, FX, Other (16)
Q3 2021 $ 136
21
• Price increases have more than
covered raw material and freight
inflation impacts of $300M year-
to-date compared to 2020
• Demand impact driven by
Q3 seasonality for the business
Q2 TO Q3 SEQUENTIAL EBITDA BRIDGE
Q2 2021 $ 159
CAI:
Price / Mix 17
Inflation (8)
SEM:
Price / Mix 6
Inflation (5)
Distribution:
Price / Mix 35
Inflation (35)
Net Price Benefit 10
Supply Chain Disruption Costs (4)
Demand / Seasonality (35)
Other 6
Q3 2021 $ 136
EBITDA$ millions
FU LL Y EA R 2021
O U T LO O K
$308
$430
$1.93
$3.00
FULL YEAR GROWTH PROJECTIONS
23
Sales Adjusted Operating Income
$3,783
$4,750
+ 26%
+ 40% + 55%
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
(1)(1)(1)
$1.74
$1.93
$3.00
$442
$457
$580
FULL YEAR 2019 – 2021 GROWTH
24
Sales Adjusted EBITDA
$3,981
$3,783
$4,750
+ 19%
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
(1) (1)
(1)(1)
+ 31% + 72%
(1) (1)
0.1 0.1
0.2
0.5
0.6
0.7
0.8
0.9
0.9
1.0 1.0
11 12 13 14 15 16 17 18 19 20 21
40%
99%
YTD 5 - YR 10 - YR
0.16
0.20
0.26
0.34
0.42
0.50
0.58
0.72
0.79 0.81
0.85
0.95
11 12 13 14 15 16 17 18 19 20 21 22
2.1x
Q4 NET LEVERAGE
~$1Bn
REPURCHASED
OVER LAST 10 YEARS
~$450MM
PAID OVER LAST 11 YEARS
CREATING VALUE FOR SHAREHOLDERS
Share Performance Dividends Share Repurchases Deleveraging
3.5x
2.1x
2019PF 2021E
Growing Dividend Cumulative Buybacks Net Leverage
$B
n
$
p
r
sh
ar
Total Shareholder Return
~$4Bn
MARKET CAP INCREASE
OVER LAST 10 YEARS
(1) Share performance includes reinvested dividends and is as of 10.25.2021
(2) Financial information is pro forma to include a full year of Clariant Color acquisition
(2)
494%
SUSTAINABILITY REPORT
Continuous ESG Improvement
26
• Updated 2030 Sustainability Goals
• Further disclosure on key Environmental,
Social, and Governance impacts
• Joined U.N.
Our free cash flow supports
shareholder value creation through
investing in R&D for organic growth,
completing bolt-on acquisitions, and
returning cash to shareholders via our
dividend program and opportunistic
share repurchases.
32 1.
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-may-2021-w-non-gaap-recs.pdf
Microsoft PowerPoint - Avient IR Presentation - May 2021
AVIENT CORPORATION
M AY 2 0 2 1 I N V E S T O R M E E T I N G S
(NYSE: AVNT)
DISCLAIMER
2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
This
innovation drives performance and is
reflective of consistent, strategic
investments in our portfolio…and
people.
2020 Pro forma $991 $86
Sustainable Solutions 15 11% 6
Healthcare 28 22% 6
Composites 6 10% 3
Growth in Emerging Regions 44 30% 10
Other 53 10% 7
Sub-total $1,137 15% $118
FX Impact 25 - 2
Synergies - - 11
Incentives, Travel, Other Employee Costs - - (8)
2021 Actual $1,162 17% $123
Q1 2021 ORGANIC SALES AND OPERATING INCOME
18 (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
Sales Growth Rate
Operating
Income$ millions
19
Wire & Cable Transportation Industrial Healthcare Packaging Consumer
Q1 2020PF Q1 2021
(2) Financial information is presented on a constant currency basis
(1,2)
(42% of total revenue)
(58% of total revenue)
Q1 END MARKET SALES PERFORMANCE
+17%
+14% +8%
+10%
+8% +22%
+5%
+24%
Q 2 AN D FU LL Y EA R
2021 O U TLO O K
$69
$112
$0.42
$0.80
ORGANIC GROWTH PROJECTIONS – Q2
21
Sales Adjusted Operating Income
$870
$1,100
+ 26%
+ 62% + 90%
(1) (1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
FULL YEAR GUIDANCE INCREASED
22
Sales Adj.
Our free cash flow supports
shareholder value creation through
investing in R&D for organic growth,
completing bolt-on acquisitions, and
returning cash to shareholders via our
dividend program and opportunistic
share repurchases.
27 1.
https://www.avient.com/sites/default/files/2024-03/Railcar Door_Case Study Snapshot.pdf
RAIL CAR
MANUFACTURER
D O O R P A N E L
• High stiffness-to-weight ratio and improved thermal
insulation to incumbent materials
• Efficient manufacturing process to ensure quality panel
construction and standards
• Domestic supply and manufacturing to ensure timely
delivery
• Reduced component complexity compared
to metal
• Custom-engineered panel with varying core
materials and thicknesses to meet
performance requirements
• Reliable material supply with product
manufactured in United States
CRTM™ Composite Sandwich Panels
KEY REQUIREMENTS
WHY AVIENT
AVIENT SOLUTION
CORROSION & IMPACT RESISTANT
LEARN MORE
Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2023-06/Trilliant HC-auto-injector-snapshot.pdf
MEDICAL CONTRACT
MANUFACTURER
A U T O - I N J E C T O R H O U S I N G
• Excellent chemical and wear resistance
• Excellent impact resistance
• Specific color matching based on customer’s needs
• Outstanding durability to extend product life
• Customized a chemically resistant formulation
to offer an impact-modified alternative to
traditional competitors in the market
• Provided technical support for material
selection, part & tool design, and process
development to accelerate commercialization
• Delivered custom color matching to meet all
key requirements
Custom Trilliant™ HC Healthcare Thermoplastic
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2024-04/Adventure Camping_Case Study Snapshot_v3.pdf
ADVENTURE CAMPER
MANUFACTURER
W A L L & F L O O R P A N E L S
• Ability to customize the face sheet structure, core material,
and thickness to meet performance requirements
• Lightweight, high strength-to-weight ratio compared to
wood and aluminum
• UV, chemical, and moisture resistant
• Custom formulated the panel construction to meet
lightweight, durability, and insulation requirements
• Avient engineering team provided on-going
material sampling and technical support
throughout the development cycle
• Ensured the face sheet structure provided a
smooth surface finish and good adherence to
paint or aluminum fixtures
Polystrand™ Thermoplastic Composite
Sandwich Panels
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-06/maxxam-fr-battery-pack-case-study-one-pager.pdf
POWER TOOL
COMPANY
B A T T E R Y P A C K
• HDPE based solution
• Meet flammability performance requirement for UL94 V-0
• Consistent color and global availability
• Provided global technical services to
enable consistent material quality in
Europe and Asia
• Tested and verified flame retardant
performance conforming to UL94 V-0 @
1.5 and 3.0 mm, GWFI 960°C
• Delivered a pre-colored, HDPE-based
solution for color uniformity globally
Maxxam ™ FR Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-10/maxxam-fr-category-cable-case-study.pdf
MAJOR W&C
PRODUCER
C A T E G O R Y C A B L E
• Flame retardance
• Replace fluorinated ethylene propylene (FEP)
• High tensile strength and high elongation at break
• Low dielectric constant (Dk) of 2.7-2.9 for data signal
integrity
• Satisfied stringent UL 444 requirements with
an FEP alternative to achieve cost savings
• Mitigated regulatory concerns with
comprehensive technical support during
testing and commercialization
• Met required melt strength parameters for
efficient profile extrusion
Maxxam™ FR Flame Retardant Polyolefin
Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-08/case-study-one-pager-gravi-tech-kitchen-knife-handle.pdf
CUTLERY MAKER
P R E M I U M K I T C H E N K N I V E S
• Replaced aluminum while providing the same premium
weight and feel of a metal
• Withstand dishwashing without the discoloration issues of
aluminum handles
• Streamlined the design and molding
phase, working directly with the
manufacturer
• Enabled the customer to expand their
product line, providing a dishwasher safe
kitchen knife into the market
Gravi-Tech™ Density Modified Material
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-08/Complet - Aftermarket Motor Mount - case study snapshot.pdf
AFTERMARKET PARTS
MANUFACTURER
M O T O R M O U N T
• Reduced part weight with retained performance
• High strength
• Corrosion resistance
• Fatigue resistance
• Facilitated lightweighting with a long glass fiber
PA66 composite that matched the performance of
the incumbent metal part
• Met strength and corrosion requirements while
achieving cost savings and reduced processing
steps versus a die cast aluminum part
• Relieved performance fears with mold flow
analysis and hands-on technology support
• Sampled quickly to accelerate speed to market
KEY REQUIREMENTS
METAL REPLACEMENT
LEARN MORE
WHY AVIENT?