https://www.avient.com/sites/default/files/2020-11/outdoor-industry-overview-brochure.pdf
In other words,
an incredible outdoor experience might mean something entirely different to one
adventurer than it does to the next.
We’re here to help make each and every experience
the best one possible.
Your customers deserve
the best of both worlds.
https://www.avient.com/investor-center/news/avient-announces-third-quarter-2020-results
A recording of the call will also be available for one week, beginning at
Specialty Engineered Materials
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https://www.avient.com/news/avient-showcase-world-s-strongest-fiber-and-high-performance-engineered-fibers-techtextil-2024
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Avient to Showcase World’s Strongest Fiber™ and High-Performance Engineered Fibers at Techtextil 2024
Fiber-Line™ Engineered Fibers – These high-performance synthetic fibers are used in diverse products and industries.
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https://www.avient.com/news/avient-launches-halogen-free-flame-retardant-tpe-grades-made-sustainable-raw-materials-usb-c-cable-jackets
Consumer electronic product brands and manufacturers are increasingly searching for material solutions to enhance the sustainability of their products and operations and to meet rising consumer demands,” says Matt Mitchell, global marketing director, Specialty Engineered Materials at Avient.
Besides relying on the verified halogen-free technology of all flame-retardant reSound TPEs, Avient’s new low-PCF HFFR formulations include two reSound BIO grades with up to 45% bio-based content and one reSound REC FR grade with up to 30% PCR content.
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https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Annual%2520Report.pdf
The best way to keep it, is to protect it.
Any such
provision is recognized using the Company's
best estimate of the amount of loss incurred,
or at the lower end of an estimated range,
when a single best estimate is not
determinable
Any such provision
is recognized using the Company's best estimate of the amount of loss incurred, or at the lower end of an estimated
range, when a single best estimate is not determinable.
https://www.avient.com/sites/default/files/2023-06/AVIENT_TPEs and LSR eBook.pdf
Starting with water-clear grades of TPE will generate the best pearlescent
and metallic colors.
One caveat: Typical TPE shrinkage is around 2% while that of substrate materials
is closer to 1%.
However, price
per pound is just one aspect of the overall cost.
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
AVIENT OVERVIEW
OUR VISION: Creating specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world
2023 Financial GuidanceCompany Overview 2022 Pro Forma Revenue By:
9,700
Employees
104
Manufacturing
Sites
20,000+
Customers
Key Highlights
Premier formulator of specialized and
sustainable material solutions
Asset-light business model, with
flexibility to adapt to customer needs
Best-in-class technology and service
(140+ PhDs / 2,500+ patents)
History of transformation through
successful M&A while consistently
returning cash to shareholders
Poised for continued future growth in
excess of GDP
$3.4B
Revenue
$2.40
$530M
Adjusted EBITDA
15.6%
Adjusted EBITDA Margins
$200M
Free Cash Flow
2.9x
Net Leverage
Over $1B in share
buybacks since 2011
Raised dividend for 12
consecutive years, a
16% CAGR since 2011
Geography
Segment
Industry
U.S. &
Canada
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
37%
9% 4% 4%
Building &
Energy Telecom
4
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
1. 6.5% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
FX -11%
FX -3%
Total Avient -14%
YoY Comparison against 2022 pro forma results
• Aging infrastructure driving need for greater
technological advancements and upgrades
• Increased focus on strength and capacity
of electrical grid plays into further adoption
of composites into the market
UV, weather-resistance, customized
capabilities
Best-in-class customer responsiveness
Local high-quality manufacturing,
unparalleled breadth of portfolio
Expanding position in insulators, utility
poles, crossarms, and wind energy
Avient Confidential 16
ENERGY
16
• Fiber-optic investments from AT&T, Corning,
Commscope continue to drive industry toward
innovation
• $42B BEAD program in Infrastructure Bill to
increase cable deployments; well-positioned to
capitalize on “Made in America” requirement and
“last mile” buildout
Flame retardance, weather-resistance enables
faster, safer, more reliable connections
Local manufacturing, unparalleled breadth of
portfolio
Expanding position in insulation for wire
jacketing, 5G buildout
TELECOMMUNICATIONS
Source: U.S.
Three Months Ended
March 31, 2023
Three Months Ended
March 31, 2022
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 20.8 $ 0.23 $ 64.4 $ 0.70
Special items, after tax 22.3 0.24 6.4 0.07
Amortization expense, after-tax 15.1 0.16 $ 10.8 $ 0.12
Adjusted net income / EPS $ 58.2 $ 0.63 $ 81.6 $ 0.89
March 31,
Reconciliation of Pro Forma Sales 2023 2022
Sales $ 845.7 $ 892.2
APM pro forma adjustments — 94.9
Pro forma sales $ 845.7 $ 987.1
1
Three Months Ended
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022
Net income from continuing operations – GAAP $ 21.3 $ 64.7
Income tax expense 7.7 20.0
Interest expense, net 28.8 16.9
Depreciation and amortization 50.5 37.6
EBITDA from continuing operations $ 108.3 $ 139.2
Special items, before tax 27.3 6.7
Depreciation and amortization included in special items (1.8) (2.1)
Adjusted EBITDA $ 133.8 $ 143.8
Pro forma APM adjustments — 32.0
Pro forma adjusted EBITDA $ 133.8 $ 175.8
Pro forma adjusted EBITDA as a % of sales 15.8 % 17.8 %
2023 2022
Sales:
Color, Additives and Inks $ 537.0 $ 649.5
Specialty Engineered Materials 309.7 243.1
Corporate (1.0) (0.4)
Sales $ 845.7 $ 892.2
Operating income:
Color, Additives and Inks $ 65.6 $ 94.5
Specialty Engineered Materials 43.1 38.3
Corporate (51.6) (30.6)
Operating income $ 57.1 $ 102.2
Depreciation & amortization:
Color, Additives and Inks $ 25.8 $ 26.0
Specialty Engineered Materials 21.2 7.8
Corporate 3.5 3.8
Depreciation & Amortization $ 50.5 $ 37.6
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 91.4 $ 120.5
Specialty Engineered Materials 64.3 46.1
Corporate (48.1) (26.8)
Other income (expense), net 0.7 (0.6)
EBITDA $ 108.3 $ 139.2
AVNT June IR Conferences w Non GAAP Recs.pdf
AVNT Q1 2023 Earnings Presentation.pdf
AVNT Q1 2023 Earnings Presentation
5.2 221pm IR Deck - AVNT-2023.03.31 (002).pdf
https://www.avient.com/news/avient-exhibits-new-bio-filled-polymers-and-sustainable-solutions-portfolio-fakuma-2021
ColorMatrix™ Lactra™ Four, One, Zero, for dairy contents protection with superior whiteness & low inorganic content
Avient Design: This specialized group of industrial designers and project engineers provides critical design and material insights, enabling customers to produce products that are designed with sustainability in mind, are easier to manufacture, and are more competitive.
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https://www.avient.com/news/avient-expands-portfolio-metallization-grades-high-impact-polypropylene-based-formulations-luxury-applications
We identified a growing need for high-density injection molding solutions that will help brand owners, designers, and manufacturers create weighted premium products with more complex designs than possible when using metals, while simultaneously meeting higher demands on impact strength,” says Matt Mitchell, director of global marketing, Specialty Engineered Materials at Avient.
As injection molding materials with good flowability, they deliver finished components in one single process step, helping to facilitate easy assembly.”
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https://www.avient.com/news/avient-showcase-high-performing-polymer-colorants-and-additives-expo-plast-peru
LIMA, Peru – August 21, 2024 – Today, Avient Corporation, a premier provider of specialized and sustainable materials solutions and services, will exhibit at Expo Plast Peru, one of the most important meetings of the plastics industry in Latin America.
Hiformer™ Liquid Masterbatches: offer a unique combination of chemistry, engineering, and customizable colorant and additive solutions for the specific needs of the application that encourages top performance, flexibility, and sustainability for packaging that can help reduce overall carbon footprint
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