https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-earnings-presentation_0.pdf
Microsoft PowerPoint - AVNT Q3 2021 Earnings Presentation - WEBSITE
AVIENT CORPORATION
T H I R D Q U A R T E R 2 0 2 1 R E S U L T S
(NYSE: AVNT)
O C T O B E R 2 8 , 2 0 2 1
D I S C L A I M E R
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.
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
22
Capex / Revenue
2021E (%)
AV I E N T I S A SS E T L I G H T
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
2
3
1
2
3 3
3
4
3 3
5 5 5
5
6
8
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With the Clariant Color business
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
24
Avient reflects 2021 estimated EBITDA of $580M
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
11.0
18.3
16.3
15.4
14.5
11.6 11.1
36.2
28.0
24.9
13.0
11.5 11.3
10.0
9.2 8.8
7.7
6.7
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S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/2022-09/PREPERM for 5G Application Bulletin %281%29.pdf
• Stable and controlled dielectric constant
- from 2.6 to 23
• Very low losses even at mmWaves
• Isotropic material - no glass fibers
• Can be injection molded and machined
APPLICATION BULLETIN
STABLE RF PROPERTIES OVER A WIDE FREQUENCY RANGE
0 ,0
2 ,0
4 ,0
6 ,0
8 ,0
1 0 ,0
1 2 ,0
0 1 0 2 0 3 0 4 0 5 0 6 0
D
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F re que nc y [G H z ]
P R E P E R M ® P P E 95 0 P R E P E R M ® P P E 80 0
P R E P E R M ® P P E 44 0 P R E P E R M ® P P E 32 0
P R E P E R M ® P P E 26 0
LOW LOSSES UP TO mmWAVE FREQUENCIES*
BATCH-TO-BATCH STABILITY DURING PRODUCTION
* Measurements performed at VTT Technical Research
Centre of Finland Ltd in 2018.
D
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Frequency [GHz]
Frequency [GHz]
Pallet number (1250 kg/pallet)
PREPERM™ PPE950
PREPERM™ PPE800
PREPERM™ PPE440
PREPERM™ PPE320
PREPERM™ PPE260
-- Dielectric constant target
-- +/- 2%
3 ,7 6
3 ,7 8
3 ,8 0
3 ,8 2
3 ,8 4
3 ,8 6
3 ,8 8
3 ,9 0
3 ,9 2
3 ,9 4
0 1 2 3 4 5 6 7 8
D
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P a lle t numbe r (1 2 5 0 k g/pa lle t )
D ie le c t ric c o n s t a nt t a rge t +/ - 2 %
0 ,0 0 0
0 ,0 0 2
0 ,0 0 4
0 ,0 0 6
0 ,0 0 8
0 ,0 1 0
0 1 0 2 0 3 0 4 0 5 0 6 0
L
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F re que nc y [G H z ]
P R E P E R M ® P P E 95 0 P R E P E R M ® P P E 80 0
P R E P E R M ® P P E 44 0 P R E P E R M ® P P E 32 0
P R E P E R M ® P P E 26 0
0 ,0 0 0
0 ,0 0 2
0 ,0 0 4
0 ,0 0 6
0 ,0 0 8
0 ,0 1 0
0 1 0 2 0 3 0 4 0 5 0 6 0
L
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F re que nc y [G H z ]
P R E P E R M ® P P E 95 0 P R E P E R M ® P P E 80 0
P R E P E R M ® P P E 44 0 P R E P E R M ® P P E 32 0
P R E P E R M ® P P E 26 0
0 ,0 0 0
0 ,0 0 2
0 ,0 0 4
0 ,0 0 6
0 ,0 0 8
0 ,0 1 0
0 1 0 2 0 3 0 4 0 5 0 6 0
L
o
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t
a
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F re que nc y [G H z ]
P R E P E R M ® P P E 95 0 P R E P E R M ® P P E 80 0
P R E P E R M ® P P E 44 0 P R E P E R M ® P P E 32 0
P R E P E R M ® P P E 26 0
Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/2022-09/FR Healthy Bldg Codes Application Snapshot.pdf
P R O F I L E / S H E E T E X T R U D E R
R A I L S A N D K I C K P L A T E S
• Convert existing PVC profile and sheet rails and kick plates to
polyolefin resin to meet Class A fire safety (ASTM E84)
• Provide a system that meets healthy building certifications
and approvals
• Utilize a more sustainable flame retardant technology,
removing brominated or halogenated flame retardants from
the environment
• Achieve non-compromising performance in aesthetics,
impact, dimensional stability, CLTE, and E84 testing
• Provided broad flame retardant platform, backed by
extensive application and industry expertise, to meet
global flammability standards
• Has largest UL94 recognized Prospector membership
with HB, V-0, V-1, V-2 and 5VA/5VB ratings, and broad
glow wire performance products
• Included in-house UL certified labs and manufacturing
locations to perform UL94 material sampling and testing
• Supported application development to meet fire safety
standards, address current or emerging healthy building
codes, smart home requirements, and LEED credits
• Offered custom formulations in small lot quantities
Cesa™ Flam Non-Halogen Flame Retardants
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2025-02/Mevopur White Formulation for PCR Well Plates - Case Study_0.pdf
L A B O R ATO RY E Q U I P M E N T
M A N U FA C T U R E R
P C R W E L L P L A T E S
• Very high level of TiO2 to prevent “cross-talk” between the wells
during the qPCR fluorescence testing procedure
• Minimized background phosphorescence caused by
agglomeration of TiO2 and/or oxidized (stressed) polystyrene
• Preservation of polystyrene grade properties
• Change control of formulation and manufacturing process
• Robust product quality from batch to batch
• Developed optimally dispersed, ready-to-use
white formulation that maintains adequate signal
transmission, as well as minimizing “cross-talk”
and background phosphorescence
• Optimized the use of general purpose polystyrene
(GPPS) for a good balance between melt flow
and other physical properties, such as stiffness
• Provided comprehensive change control of raw
materials and formulation, with a robust
manufacturing process and quality control under
a third party ISO 13485:2016 certified QMS
Mevopur Healthcare Colorants and Formulations
– pre-colored solution
WHY AVIENT?
https://www.avient.com/sites/default/files/2025-03/ColorMatrix LQ_Extrusion Sheet _ Strap_Case study snapshot.pdf
PVC EDGE
BANDING
MANUFACTURER
E X T R U S I O N S H E E T & S T R A P
• Meet the diverse coefficient of friction (CoF) requirements across
various film structures and compositions for a wide range of
applications
• Improve the speed of slip blooming and ensure consistent slip
performance post-film production
• Preserve excellent optical and mechanical properties
• Compliance with food regulations for end packaging in food
sealant applications
• Achieved the optimal flowability of liquid white
and liquid orange, ensuring consistent color
through suitable mixing with other colorants
• Ensured lot-to-lot consistency with DE value of
less than 0.5
• Supported customers in achieving stable and
high-quality coloration during their PVC
processing
ColorMatrix Liquid Color Concentrates
KEY REQUIREMENT WHY AVIENT
AVIENT SOLUTION
FUNCTIONALITY + COMPLIANCE
Avient Corporation 1
• Meet the diverse coefficient of friction (CoF) requirements across
various film structures and compositions for a wide range of
applications
• Improve the speed of slip blooming and ensure consistent slip
performance post-film production
• Preserve excellent optical and mechanical properties
• Compliance with food regulations for end packaging in food
sealant applications
KEY REQUIREMENT
• Standard colorant for internal color matching in PVC sheet
applications
• Manufactured with phthalate-free plasticizer
• Good thermal stability and compatibility with PVC resin for a wide
rang of color index choices
• Compliance with heavy metal-free and RoHS regulations
LIQUID COLOR CONCENTRATES AND
DOSING | AVIENTLEARN MORE
KEY REQUIREMENTS
Copyright © 2025, Avient Corporation.
https://www.avient.com/sites/default/files/2023-12/Versaflex TPEs for Gasket of Radial Artery Hemostat_Final.pdf
artery tourniquet
A RT E RY TO U R N I Q U E T
M A N U FAC T U R E R
G A S K E T O F R A D I A L A R T E R Y
H E M O S T A T
• Super soft feeling
• Increased production efficiency by simple injection process
• High transparency
• Delivered a series of soft-touch TPEs
capable of meeting the desired feel
• Formulated solutions to comply with FDA
regulation for skin contact
• Provided easy molding and assembling by
onsite technical and customized durometer
Customized Versaflex™ TPEs
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-10/avient-design-impact-protection-project.pdf
IMPACT
PROTECTION
D E S I G N A N D M A T E R I A L S O L U T I O N S
Avient Corporation 1
PROJECT KICK OFF
B R I E F
Application: Protective sports equipment
Challenge: Provide functional material to protect
against impact for chest protector
Requirements:
• Compact - reduce thickness and weight for
improved comfort and functionality
• Meet EN standards
• EN1621-1 level 2 & EN1621-2 level 1
• Eliminate the use of foam and glue
• Be waterproof and easy to clean
• Sustainable
• Easy to prototype & considers manufacturing
efficiency
Avient Corporation 2
VIBRATION DAMPING TECHNOLOGY (VDT)
H O W D O E S I T W O R K ?
Avient Corporation 3
Simplified Drop Test
• 65g steel ball
• Dropped from 305mm
• Onto 3.175mm thickness flat
samples
Materials Tested
• Standard TPE 30 Shore A
• TPU alloy 60 Shore A
• Damping TPE 32 Shore A
VDT reduces
bounce
Avient Corporation 4
SIMULATION & CALIBRATION
E N 1 6 2 1 - 1 L E V E L 2
Image courtesy of Airobag TV
https://www.youtube.com/c/AirobagTV/videos
Simulation of Impact
A weight dropped onto protective element in
contact with rigid substrate
https://www.youtube.com/c/AirobagTV/videos
Avient Corporation 5
SIMULATION & CALIBRATION
E N 1 6 2 1 - 1 L E V E L 2
REFINING THE DESIGN
D E S I G N A N D M A T E R I A L C O M B I N A T I O N
Avient Corporation 6
• A number of different shapes and
designs are created and simulated to
determine which one works best
• Refining to meet EN standard
• VDT TPEs can help reach compliance
with EN1621-1 level 2 and EN1621-2
level 1
• Optimum protection can be achieved
by combining industrial design and
engineering
Avient Corporation 7
VALIDATION
P R O T O T Y P I N G W I T H 3 D P R I N T I N G
3D Printing Validation
-15% -10% -5% 0% 5% 10%
Density
Tensile Strength //
Tear resistance //
Rebound resilience 2mm
3D Printed VDT vs Injection Molded
VDT can be 3D printed for concept evaluation early in the design process
SUMMARY
Avient Corporation 8
• Enabled a new, compact design with a
customized VDT TPE formulation
• Improved user comfort and functionality
• Fulfilled EN standards
• Reduced number of prototyping tools
required
• Reduced time spent in product development
by 40 percent, enabling faster
commercialization of product
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
I N N O V A T I O N .
C O - C R E A T I O N
D
is
tr
ib
u
tio
n
Avient Corporation 132
A
V
N
T
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x
.
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
Microsoft PowerPoint - AVNT Q4 2023 Earnings Presentation v7
AVIENT CORPORATION
F O U R T H Q U A R T E R 2 0 2 3 R E S U L T S A N D
2 0 2 4 F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
F E B R U A R Y 1 4 , 2 0 2 4
D I S C L A I M E R
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
ASHISH KHANDPUR
P R E S I D E N T & C E O
4
5
PORTFOLIO TRANSFORMATION
5
7%
46%
66%
87%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2020 2023
%
o
f A
dj
us
te
d
E
B
IT
D
A
Commodity JVs Distribution Performance Products & Solutions Specialty Businesses
Adjusted EBITDA from Specialty Applications
SUSTAINABILITY AS A GROWTH DRIVER
7
LONG-TERM REVENUE GROWTH DRIVERS
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
60%+
Key Growth
Drivers
Total Company Revenue
Growth Drivers Long-Term Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other 0–2%
Avient 6%
END MARKET OBSERVATIONS
( % O F C O M PA N Y S A L E S )
ENERGY
5%
DEFENSE
7%
TELECOMMUNICATIONS
4%
HEALTHCARE
7%
8
TRANSPORTATION
10%
INDUSTRIAL
16%
BUILDING &
CONSTRUCTION 9%
CONSUMER
19%
PACKAGING
23%
9
REGIONAL OBSERVATIONS
( % O F C O M PA N Y S A L E S )
9
US & Canada
Latin America
EMEA
Asia
41%
36%
18%
5%
Q 4 2 0 2 3 R E S U L T S
Q4 2023 PERFORMANCE VS.
GUIDANCE
( T O TA L C O M PA N Y )
11
$710
$719
Guidance Actual
$112
$114
Guidance Actual
Sales Adjusted EBITDA
(in millions)
$0.47
$0.52
Guidance Actual
Adjusted EPS
(in millions)
13.5%
15.9%
2022 2023
Results vs.
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
Avient corporation first quarter 2024 results and 2024 financial guidance
AVIENT CORPORATION
F I R S T Q U A R T E R 2 0 2 4 R E S U L T S A N D 2 0 2 4
F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
M A Y 7 , 2 0 2 4
D I S C L A I M E R
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
FX -1.5%
FX -0.5%
Total Avient -2.0%
Q 1 2 0 2 4 R E S U L T S
Q1 2024 PERFORMANCE VS.
Q1 2023
( T O TA L C O M PA N Y )
$846 $829
Q1 23 Q1 24
$134
$143
Q1 23 Q1 24
17.3%
Sales Adjusted EBITDA
(in millions)
$0.63
$0.76
Q1 23 Q1 24
Adjusted EPS
(in millions)
+ 7% + 21%
Sales Adjusted EBITDA Adjusted EPS
6
- 2%
15.8%
+150 bps
*
*
* Adjusted EBITDA Margin %
Q1 2024 SEGMENT PERFORMANCE
( C O L O R S , A D D I T I V E S & I N K S )
$537
$515
Q1 23 Q1 24
$91
$97
Q1 23 Q1 24
18.8%
Sales Adjusted EBITDA
(in millions) (in millions)
+ 7%
Sales Adjusted EBITDA
7
- 4%
17.0%
+180 bps
*
*
* Adjusted EBITDA Margin %
• Year over year demand
continues to improve for the
segment but slowly due to
continued weakness in Europe
• Raw material deflation & cost
reduction actions primary drivers
of adjusted EBITDA growth and
margin expansion of +180 bps vs
Q1 2023
Q1 2024 SEGMENT PERFORMANCE
( S P E C I A LT Y E N G I N E E R E D M AT E R I A L S )
$310
$314
Q1 23 Q1 24
$64
$73
Q1 23 Q1 24
23.2%
Sales Adjusted EBITDA
(in millions) (in millions)
+ 14%
Sales Adjusted EBITDA
8
+ 1%
20.8%
+240 bps
*
*
* Adjusted EBITDA Margin %
• Sales growth in defense end
market offset by weaker
demand in telecommunications
end market
• Raw material deflation and
favorable mix impact from
defense sales primary drivers
of adjusted EBITDA growth and
margin expansion of +240 bps
vs Q1 2023
Q1 EBITDA BRIDGE
( T O TA L C O M PA N Y )
9
$ millions
CAI:
Price / Mix (1)
Deflation 16
SEM:
Price / Mix 4
Deflation 7
Net Price Benefit 26
Wage/Other Inflation (9)
FX (2)
Q1 2024 $143
Adjusted
EBITDA
Q1 2023 $ 134
Demand (6)
• Positive net price benefit:
o Favorable raw material
deflation in both segments
• Wage and other inflation more than
offset cost reductions/synergies
2 0 2 4 G U I D A N C E
FY 2024 GUIDANCE
Original Revised
Adjusted EBITDA $505 to $535 million $510 to $535 million
Adjusted EPS $2.40 to $2.65 $2.50 to $2.65
Interest Expense $105 to $110 million $105 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures ~$140 million ~$140 million
11
Q2 2024: Adjusted EPS of $0.71
C E O “ T O P O F M I N D ”
F O C U S A R E A S
AREAS OF FOCUS
13
+7%
Drive Profitable Organic
Top-Line Growth with
Margin Expansion
Amplify Innovation Build Leadership & Talent
Pipeline
A P P E N D I X
16
Performance
Additives
15%
Pigments
13%
TiO2
9%
Dyestuffs
2%
Polyethylene
10%Nylon
5%
Polypropylene
4%
Styrenic Block
Copolymer
4%
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RA W MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
41%
EMEA
36%
Asia
18%
Latin America
5%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
19%
Packaging
23%Industrial
16%
Building and
Construction
9%
Telecommunications
4%
Energy
5%
Defense
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
Transportation
10%
Healthcare
7%
18
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2 0 2 3 R E V E N U E | $ 2 . 0 B I L L I O N
US & Canada
34%
EMEA
37%
Asia
21%
Latin America
8%
END MARKET REGION
19
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
9%
Building &
Construction
10%
Telecommunications
1% Energy
2%
COLOR, ADDITIVES & INKS
2 0 2 3 R E V E N U E | $ 1 . 1 B I L L I O N
US & Canada
52%
EMEA
35%
Asia
13%
20
Packaging
5%
Consumer
16%
Healthcare
6%Industrial
16%
Transportation
12%
Telecommunications
9%
Energy
10% Defense
18%
Building &
Construction
8%
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
Packaging
32%
Consumer
26%
Healthcare
9%
Industrial
13%
Building &
Construction
6%
Telecommunications
2%
Energy
2% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 3 AV I E N T R E G I O N A L S A L E S
Packaging
25%
Consumer
13%
Healthcare
5%
Industrial
18%
Building &
Construction
9%
Energy
5%
Defense
8%
EMEA
(36% of sales)Transportation
13%
Packaging
13%
Consumer
22%
Healthcare
10%
Industrial
16%
Building &
Construction
12%
Energy
6%
Defense
8%
US &
Canada
(41% of sales)
Transportation
9%
Packaging
59%
Consumer
22%
Healthcare
2%
Industrial
8%
Building &
Construction
4%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
4%
Telecommunications
4%
21
B Y E N D M A R K E T
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.