https://www.avient.com/resources/safety-data-sheets?page=2804
PX-10589-A BLUE POOL FILTER PLASTISOL
PX-19342-B SPRAY PLASTISOL
PX-11510-C BLUE PLASTISOL
https://www.avient.com/resources/safety-data-sheets?page=319
PX-13459-D BLUE HOT DIP PLASTISOL
9194-64 BEIGE PLASTISOL
9211-19 SCARLET THERMOSET PLASTISOL
https://www.avient.com/resources/safety-data-sheets?page=351
9265-3 DARK GREY PLASTISOL
ASH PLASTISOL
BIRCH PLASTISOL
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
Avient reflects 2022 estimated revenue of $5,100M and estimated CAPEX of $90M (excludes IT system upgrade of $15M and synergy capture CAPEX of $10M)
Avient PF reflects 2022 modelled revenue of $3,740 and estimated CAPEX of $120M to reflect Dyneema run-rate CAPEX, as well as potential sale of Distribution.
PEERS
Avient today reflects 2022 estimated EBITDA of $635M and revenue of $5,100.
Avient pro forma reflects 2022 estimated EBITDA of $660M and revenue of $3,740M.
https://www.avient.com/resources/safety-data-sheets?page=4253
Geon(TM) A61-17B Worm Plastisol
Geon(TM) V4018 Hot Dip Plastisol
Geon(TM) V5119 Soft Lure Plastisol
https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.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
83 80 78 74
86
79 76
67 66
55
50
(39)
Av
ie
nt
AV
PM FM
C C
Avient Specialty
Other Specialty /
MULTIPLE EXPANSION
Note: Avient reflects 2023 adjusted EBITDA guidance of $500M and closing share price of $41.57.
Avient 2011, 2018 and 2021 multiples reflect trailing 12 months EBITDA at December 31.
28
EV / 2023E EBITDA
6.5
8.5
11.0 10.8
16.1 15.5
14.1 14.0
10.3
21.0
19.0
14.3
12.1 11.8 11.7 11.5
9.7
11
21
23
PM AV
FM
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/products/polymer-additives/barrier-and-scavenger-additives/colormatrix-amosorb-low-haze
Make sure the bottles you select as packaging for those products reflect the value of your brands
https://www.avient.com/news/polyone-inspiring-electric-vehicle-designs-lineup-trendsetting-polymer-colors
Vehicle designers want to establish and distinguish their EV brands with exciting new colors that reflect consumers’ environmental priorities, and we’re responding to this trend with stylish options,” explained Gary Fielding, global director of marketing, Color & Additives at PolyOne.
https://www.avient.com/news/polyone-‘driving’-advanced-polymer-solutions-future-vehicles-piae-2019
Colorants for an Environmental Aesthetic
OnColor™ Shades of Nature color collection reflects the look and feel of elements found in nature, such as stone, marble and granite.
https://www.avient.com/news/polyone-launches-elegant-and-bright-oncolor-brilliant-metallic-colorants-asia
These special-effect, highly reflective colorants meet a growing need for paint replacement and truly premium surface finishes.