https://www.avient.com/resources/safety-data-sheets?page=4099
Geon(TM) V5178 Clear Hot Melt Plastisol
Geon(TM) V4059-80 Black Plastisol
Geon(TM) V5439 Clear Plastisol
https://www.avient.com/resources/safety-data-sheets?page=2297
PX-11510-A BLUE PLASTISOL
PX-11510-A BLUE PLASTISOL
PX-11510-B BLUE PLASTISOL
https://www.avient.com/resources/safety-data-sheets?page=858
9261-30 YELLOW FURNITURE PLASTISOL
10812-12 RED HOT DIP PLASTISOL
10959-19 RED HOT DIP PLASTISOL
https://www.avient.com/resources/safety-data-sheets?page=5870
XSY WB REFLECTIVE CLEAR
XSY WB REFLECTIVE SILVER
https://www.avient.com/sites/default/files/2023-11/AVNT November IR Presentation.pdf
To provide comparable results, the company references “pro forma” financial
metrics, which include the business results of Avient Protective Materials for periods prior to the Acquisition Date, as if the transaction occurred on January 1, 2021 and reflect Distribution as a discontinued operation.
Avient reflects 2023 adjusted EBITDA guidance of $500M and estimated run-rate CAPEX of $110M.
2023E (%)
27
78
89
84 82 80 77
88
81
76
70 69
60
54
(6)
Av
ie
nt
PP
PM FM
C C
Avient Specialty
Other Specialty /
MULTIPLE EXPANSION
Note: Avient reflects 2023 adjusted EBITDA guidance of $500M and closing share price of $31.18.
Avient 2011, 2018 and 2021 multiples reflect trailing 12 months EBITDA at December 31.
28
EV / 2023E EBITDA
6.5
8.5
11.0
8.9
12.0 11.9
10.9
9.9
8.2
16.3
13.8
11.9
9.6 9.5 9.5 9.2
7.7
11
21
O
ct
23
PM PP
FM
C C
Avient Historic Multiple
Avient Specialty
Other Specialty /
AP P E N DI X
30
Performance
Additives
16%
Pigments
12%
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
2022 pro forma results for the acquisition of Avient Protective Materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
40%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
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%
32
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2022 REVENUE | $2 .4 BILLION
US & Canada
34%
38%
END MARKET REGION
33
34%
21%
Building &
1% Energy
2%
COLOR, ADDITIVES & INKS
2022 PRO FORMA REVENUE | $1 .3 BILLION
US & Canada
52%
35%
34
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
12%
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
35
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/resources/safety-data-sheets?page=4100
Geon(TM) V4227 Neutral Hot Dip Plastisol
Geon(TM) V9531 Adhesive Plastisol
Geon(TM) V4119 Clear Hot Dip Plastisol
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
Our segments are further discussed in Note 16, Segment Information.
4 POLYONE CORPORATION
Color, Additives and Inks is a leading provider of specialized custom color and additive concentrates in
solid and liquid form for thermoplastics, dispersions for thermosets, as well as specialty inks, plastisols,
and vinyl slush molding solutions.
These valuations reflect assumptions about
financial markets and interest rates.
Color, Additives and Inks is a leading provider of specialized custom color and additive concentrates in
solid and liquid form for thermoplastics, dispersions for thermosets, as well as specialty inks, plastisols,
and vinyl slush molding solutions.
https://www.avient.com/resources/safety-data-sheets?page=937
VBX3575B 2B5 BLACK INK PVC/TPU ALLOY
VBX3575A 2B5 BLACK INK PVC/TPU ALLOY
https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2018-results
Color, Additives and Inks
Color, Additives and Inks
Color, Additives and Inks
https://www.avient.com/investor-center/news/polyone-announces-record-first-quarter-2016-results
Color, Additives and Inks
Color, Additives and Inks
Color, Additives and Inks