https://www.avient.com/sites/default/files/2024-10/Edwards Ballistic Panel Case Study.pdf
With our hardware fabrication capabilities and
Avient’s knowledge of composite ballistic protection
technology, we were able to create modular systems
that reduce time and logistic requirements for our brave
soldiers.”
1 https://www.erdc.usace.army.mil/Missions/Military-Engineering/Deployable-Force-Protection-Demo/
To learn more about ballistic resistant
solutions from Avient, visit avient.com or
click to request a quote.
SOLID FOUNDATIONS: SAFETY FIRST
© 2024, All Rights Reserved
Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
https://www.erdc.usace.army.mil/Missions/Military-Engineering/Deployable-Force-Protection-Demo/
www.avient.com
https://www.avient.com/form/quote-request-ballistic-composit
https://www.avient.com/sites/default/files/2024-02/EMEA Automotive Case Study Paint Replacement Construction Vehicle _1_.pdf
AVIENT SOLUTION
PAINT REPLACEMENT
Copyright © 2024, Avient Corporation
https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches/smartbatch-fx-paint-replacement-0
https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches/smartbatch-fx-paint-replacement-0
Tier 2 molder
https://www.avient.com/sites/default/files/2025-01/Stethoscope Dispersions Case Study Snapshot.pdf
https://www.avient.com/products/vinyl-formulations/vinyl-plastisols-organosols/core-vinyl-plastisols-healthcare
https://www.avient.com/products/polymer-colorants/colorant-dispersions/colorants-liquid-silicone-rubber
Slide 1: Medical device manufacturer
https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
https://www.avient.com/investors
https://edge.media-server.com/mmc/p/xkwywv44
https://www.avient.com/investors
https://register.vevent.com/register/BI3163094c31c24a9680e9118cec4f9167
https://www.avient.com/investors/events-presentations
https://www.avient.com/news
4
About Avient
Avient Corporation (NYSE: AVNT) provides specialized and sustainable material solutions that
transform customer challenges into opportunities, bringing new products to life for a better world.
For more information, visit https://www.avient.com.
https://www.avient.com/
5
Forward-looking Statements
In this press release, 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.
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
11.9%
16.3%
Avient Corporation 12
People
C U L T U R E I S E V E R Y T H I N G
Avient Corporation 13
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $16 million
raised since 2010
Diversity & Inclusion
Future Growth in Excess of
GDP is Driven By:
Our company is positioned to sustainably grow at a rate that
exceeds GDP.
Truly global
• Technology platform and expertise –
Combining the best from two global leaders creates an
unmatched portfolio of products and solutions
• Global and local accounts –
Combining our legacies’ business, dealing with large key
accounts and a broad base of regional customers, creates
ample opportunities for growth and industry partnering
• Talent acquisition and retention –
Our ‘best of both worlds’ leadership position helps us to
attract and retain the best people in the industry
• Cost and performance synergies –
Alignment of site structures and technical & commercial
organizations is driving a positive cost position
An Excellent Fit
Avient Corporation 16
• Dedicated global organization
• Full suite of performance products
• Excellent product stewardship
expertise
• High quality technical organization
• Strong focus on innovation and
sustainability
• Strong customer relationships and
global industry partnerships
• Global footprint
What Legacy Clariant Color Brings
Avient Corporation 17
Customer
orientation and
dedication
Aesthetics +
Product
Functionality
Innovation and
Sustainability
Safety First
o Both ACC Responsible Care® companies
o Legacy and continued focus on safety
Retain All Customers and Existing Business
o Minimize integration disruptions
o Broadened portfolio of specialty solutions
o World class products and service
Retain All Key Employees
o Talented, passionate, and collaborative
o Supportive, high-performance culture
Principles of Integration
Avient Corporation 18
$85M
Cost
• Barrier technology
• Functional additives
• Processing aids
• Flame retardants
• Light-weighting
Complementary
Technologies
• Clariant’s approved
formulations and
certified facilities
• Legacy PolyOne’s
leading share in
distribution channels
Healthcare
• Clariant’s position
in SE Asia,
Latin America,
Germany & Italy
• Legacy PolyOne’s
position in U.S.,
Canada and China
Regional
Strengths
• Solutions with Avient’s
engineered materials
customers
• Avient’s distribution
channels
Segment
Cross-selling
Revenue synergy opportunities of $75M
The complementary aspects of our combined businesses are unquestionable.
https://www.avient.com/sites/default/files/2024-04/ISO CERT. 9001-2015.pdf
To verify that this certificate is current, please refer to the SAI Global On-Line Certification Register:
https://www.saiglobal.com/en-us/assurance/auditing_and_certification/certification_registry/
This is to certify that
operates a
which complies with the requirements of
for the following scope of certification
CERTIFICATE
OF REGISTRATION
Frank Camasta
Global Head of Technical Services
SAI Global Assurance
http://www.qmi-saiglobal.com/qmi_companies
http://www.qmi-saiglobal.com/qmi_companies
https://www.avient.com/sites/default/files/2023-06/AVIENT_TPEs and LSR eBook.pdf
CHECK OUT THIS BEGINNERS GUIDE TO TPES
https://www.avient.com/idea/video-advances-overmolding
https://www.avient.com/products/thermoplastic-elastomers/tpe-knowledge-center/beginners-guide
Pr
od
uc
t P
er
fo
rm
an
ce
Market Pricing ($/lb.)
PCF COMPARISON
https://www.carbon-minds.com/lca-database-for-chemicals-and-plastics/
https://www.silicones.eu/wp-content/uploads/2019/05/SIL_exec-summary_en.pdf
https://www.avient.com/idea/making-plastic-parts-more-sustainable
1http://www.ptonline.com/articles/getting-into-lsr--part-iv-how-lsr-tooling-is-different
Tooling Costs
In nearly every case, molds needed for LSR fabrication require more precision
and tooling expertise than those used to manufacture TPE parts.
https://en.wikipedia.org/wiki/UV_degradation
Biocompatibility
LSR has a long-standing track record of use in the medical industry.
https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
Develop and implement solutions to end plastic
waste while supporting AEPW $1.5B
investment in key initiatives.
2030 SUSTAINABILITY TARGETS
20
2021 AVIENT INVESTOR DAY
21
• Investor Day to be held December 9, 2021 in New York, NY
• Company will provide updates on its key growth drivers
with a deep focus on sustainable solutions
Revenue Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites / 5G 10%
Growth in Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
• Senior leadership team to also present on Clariant MB
integration, M&A opportunities and capital allocation
priorities
PEER COMPARISONS
22
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
https://www.avient.com/sites/default/files/2022-03/AVNT Mar 2022 Presentation.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
14
$133
$205
2019PF 2021
14
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
11.9%
16.2%
2019PF 2021
EBITDA Margins
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
(1) Financial information is pro forma to include a full year of Clariant Color business
($ millions)
Initial
Synergy
Estimate
2021
Synergy
Realization
Total
Synergies
Expected
Administrative $ 18 $ 29 $ 40
Sourcing 24 20 24
Operational 18 5 21
Total Synergies $ 60 $ 54 $ 85
CLARIANT COLOR INTEGRATION &
COST SYNERGIES UPDATE
15
• Integration going extremely well: synergy target increased to $85 million at December 9th Investor Day
• Relentless focus on guiding principles of safety first, employee collaboration and exceeding customer expectations
• Future revenue synergies are not part of these estimates and represent additional growth over the long term
SUSTAINABILITY FOR A BETTER TOMORROW
• Revenue from sustainable solutions grew
16% in 2021 and expected to grow 8-12% in
2022 as our innovation efforts and
collaboration with customers accelerates
• 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** 2021
$405M
$455M
$550M
$790M
Revenue From Sustainable Solutions* 2016-2021
$915M
$340M
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 $16 million
raised since 2010
Diversity & Inclusion
17
Q4 2020 $997 $80
Sustainable Solutions 23 12% 8
Healthcare 53 43% 9
Composites 7 22% 2
Growth in Asia / LATAM 14 10% 3
Other 118 23% 2
Sub-total $1,212 22% $104
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (10) (13)
Q4 2021 $1,202 21% $85
Q4 2021 SALES AND OPERATING INCOME
18
Sales Growth Rate
Operating
Income$ millions
EBITDA
Q4 EBITDA BRIDGE
19
Price increases more than
offsets raw material and
supply chain impacts
Q4 2020 $ 118
Demand -
$ millions
CAI:
Price / Mix 62
Inflation (45)
SEM:
Price / Mix 25
Inflation (20)
Distribution:
Price / Mix 114
Inflation (109)
Net Price Benefit 27
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (13)
Q4 2021 $ 126
Transportation (5)$
Outdoor High Performance (3)
Other 8
Total Demand -
Q4 2021 SEGMENT PERFORMANCE
20
$526
$581
SEM Distribution
$58
$61
+ 11% + 6%
$305
$425
$18
$22
+ 39% + 22%
$191
$228
$30
$29
+ 19% - 3%
2022 O U TLO O K
REVENUE GROWTH DRIVERS
Growth Drivers
Long-Term
Growth Rate
2022E
Growth Rate
Sustainable Solutions 8–12% 12%
Healthcare 8–10% 10%
Composites 10% 3%
Asia / LATAM 5% 6%
Other (GDP growth) 2–3% 2–3%
Avient 6.5% 6%
22
Excluding Outdoor High Performance 13%
(7.5% excl.
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