https://www.avient.com/resource-center?document_subtype=0&document_type=59&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=0&product_name=0&page=6
Collaborating to Reduce Plastic Ocean Waste
Avient collaborates with Hager Group and Plastic Bank to help reduce ocean-bound plastic waste
https://www.avient.com/knowledge-base/article/exploring-world-fluoropolymers?rtype[]=1164
Fluoropolymers are a family of exceptional, high-performance materials that are widely used today – and for good reason, since they are stable plastics that resist degradation under harsh conditions and are inherently flame retardant.
2 Sina Ebnesajjad, “Introduction to Fluoropolymers,” Applied Plastics Engineering Handbook (Elsevier, 2011) pp 49-60.
3 The Fluoropolymers Division of the Society of the Plastics Industry, Guide to the Safe Handling of Fluoropolymer Resins–Fourth Edition (2005).
https://www.avient.com/knowledge-base/article/exploring-world-fluoropolymers?ind[]=6598
Fluoropolymers are a family of exceptional, high-performance materials that are widely used today – and for good reason, since they are stable plastics that resist degradation under harsh conditions and are inherently flame retardant.
2 Sina Ebnesajjad, “Introduction to Fluoropolymers,” Applied Plastics Engineering Handbook (Elsevier, 2011) pp 49-60.
3 The Fluoropolymers Division of the Society of the Plastics Industry, Guide to the Safe Handling of Fluoropolymer Resins–Fourth Edition (2005).
https://www.avient.com/knowledge-base/article/exploring-world-fluoropolymers?ind[]=21506
Fluoropolymers are a family of exceptional, high-performance materials that are widely used today – and for good reason, since they are stable plastics that resist degradation under harsh conditions and are inherently flame retardant.
2 Sina Ebnesajjad, “Introduction to Fluoropolymers,” Applied Plastics Engineering Handbook (Elsevier, 2011) pp 49-60.
3 The Fluoropolymers Division of the Society of the Plastics Industry, Guide to the Safe Handling of Fluoropolymer Resins–Fourth Edition (2005).
https://www.avient.com/knowledge-base/article/exploring-world-fluoropolymers?ind[]=6601
Fluoropolymers are a family of exceptional, high-performance materials that are widely used today – and for good reason, since they are stable plastics that resist degradation under harsh conditions and are inherently flame retardant.
2 Sina Ebnesajjad, “Introduction to Fluoropolymers,” Applied Plastics Engineering Handbook (Elsevier, 2011) pp 49-60.
3 The Fluoropolymers Division of the Society of the Plastics Industry, Guide to the Safe Handling of Fluoropolymer Resins–Fourth Edition (2005).
https://www.avient.com/resource-center?document_subtype=0&document_type=221&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=0&product_name=0&page=2
Dust-free Plastic Surfaces for Automotive Interiors
Looking for a solution to prevent dust settling on plastic surfaces in automotive interiors?
Plastic waste is a global problem, threatening our wildlife and habitats.
https://www.avient.com/resource-center?document_type=221&document_subtype=0&industry=0&product_family=0&product_name=0&op=FILTER RESULTS&form_id=resource_filter_form&page=2
Dust-free Plastic Surfaces for Automotive Interiors
Looking for a solution to prevent dust settling on plastic surfaces in automotive interiors?
Plastic waste is a global problem, threatening our wildlife and habitats.
https://www.avient.com/news/avient-highlight-achievements-global-growth-latest-innovations-plastindia-2023
NEW DELHI, India – February 1, 2023 – For the first time in 5 years, Avient will participate in PlastIndia 2023, where it will be exhibiting its latest innovations and initiatives of sustainable and specialized material solutions for the plastics industry.
PlastIndia has grown into a global experience, covering the entire gamut of plastics producers, processors, and users of plastics, and it witnesses intense participation by both the Indian and International Plastics Fraternity.
Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future;
• The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• Changes in laws and regulations regarding plastics in jurisdictions where we conduct business;
• Fluctuations in raw material prices, quality and supply, and in energy prices and supply;
• Production outages or material costs associated with scheduled or unscheduled maintenance programs;
• Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
• Our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials (APM);
• An inability to raise or sustain prices for products or services;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and
• Other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation and any recessionary conditions
Use of Non-GAAP Measures
This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
National Defense
budget of $842 billion submitted to Congress
in Q1 2023
• European NATO members annual defense
spend expected to increase by up to 20%
Dyneema® is the world’s strongest fiber™
One of the highest strength to weight
ratios of any material on Earth
Direct relationships with industry leading
armor manufacturers
Resistant to most chemicals, UV, and
moisture to handle any environment
Avient Confidential 18
DEFENSE
Source: US Department of Defense, defense.gov, NATO18
Source:
TRANSPORTATION
• Increased EPA regulations requiring
improved fuel efficiency, enabled in part by
lower-weight vehicles
• Automakers preparing for 2/3 of U.S.
vehicles to be 100% electric by 2032
Lightweight panels that establish both
strength and stiffness resulting in
decreased energy usage, lower emissions
Long-lasting Color applications to resist
UV exposure, temperature fluctuations
and exceed the stylistic requirements of
global automakers
19
$130
$530
$0.60
$2.40
2023 GUIDANCE
20
Sales Adjusted EBITDA
$845
$3,400
(in millions) (in millions)
CASH FLOW / LEVERAGE
21
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
LONG-TERM REVENUE GROWTH DRIVERS
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
22
Sustainable
Solutions
32%
Asia / LATAM
Composites
Other (GDP
Growth)
39%
• Virtual presentation to be held
September 20, 2023
• The company will be
conducting an investor-focused
presentation around our
sustainability solutions portfolio
Avient Confidential 23
SUSTAINABILITY
INVESTOR DAY
23
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTAINABILITY FOR A BETTER TOMORROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
24
*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
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
$1,175M
Lightweighting
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Bio-polymers
SUSTAINABILITY NEEDS BY MARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
• Recycle Solutions
• Carbon Footprint
Packaging
• Recycle Solutions
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
25
INVESTING
IN INNOVATION
S U S T A I N A B I L I T Y P O R T F O L I O
26
AP P EN D IX
29
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
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
• Cost inflation
decelerating,
particularly for
hydrocarbon-based
raw materials
2022 pro forma results for the acquisition of Avient Protective Materials
SEGMENT DATA
U.S. & Canada
37%
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%
31
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
C O L O R , A D D I T I V E S & I N K S
2022 REVENUE | $2 .4 B ILL ION
34%
38%
END MARKET REGION
32
34%
21%
Building &
1% Energy
2%
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
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
52%
35%
REGION
33
19%
8%Industrial
9% Defense
Building &
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
27%
14%
17%
Building &
(37% of sales)Transportation
12%
Building &
US &
Canada
(40% of sales)
56%
23%
Building &
1%
LATAM
(5% of sales)
3%
34
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
36
4 4
4
6
8
9
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/knowledge-base/article/polymer-services-frequency-asked-questions?rtype[]=1164
How do I choose the right plastic for my application?
How do I choose the right plastic for my application?
For fiber reinforced plastics, it will analyze the fiber for orientation and length.