https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.pdf
Pro Forma Financial Information
The Company acquired Avient Protective Materials (“Dyneema”) on September 1, 2022 (the “Acquisition Date”) and sold the Distribution segment on November 1, 2022.
Avient reflects 2023 adjusted EBITDA guidance of $525M and estimated run-rate CAPEX of $110M.
2023E (%)
27
79
89
83 83
78
75
90
81
76
72
68
63
53
11
Avient Specialty
Other Specialty /
MULTIPLE EXPANSION
Note: Avient reflects 2023 adjusted EBITDA guidance of $525M and closing share price of $37.07.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
28
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
9.5
13.8
12.7 12.6
11.3
8.7
18.6
16.5
10.1 10.0 9.7 9.5 9.4
8.7
01
1)
01
8)
02
3)
Avient Specialty
Other Specialty /
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%
30
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2022 REVENUE | $2 .4 B ILL ION
34%
38%
END MARKET REGION
31
34%
21%
Building &
1% Energy
2%
COLOR, ADDITIVES & INKS
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
52%
35%
32
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%
33
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/knowledge-base/article/gain-colorful-insight-ski-boot-market?ind[]=6596
A supplier of plastic compounds now has an invaluable competitive edge in one of its primary markets, thanks to an in-depth research and color-finding project recently completed in partnership with Avient ColorWorks™.
After taking part in a customer-day event at the Avient ColorWorks design and technology center in Milan, company founder Francesco Franceschetti was inspired and suggested a collaboration to conduct an exhaustive study of the Italian ski boot marketplace and the colors boot makers use in their products.
The outcome of this unique project would be a comprehensive report and guide, including five colors proposed for the 2021 – 2022 ski season following visits to dealers, boutique shops, and chain stores.
https://www.avient.com/knowledge-base/article/gain-colorful-insight-ski-boot-market?ind[]=21537
A supplier of plastic compounds now has an invaluable competitive edge in one of its primary markets, thanks to an in-depth research and color-finding project recently completed in partnership with Avient ColorWorks™.
After taking part in a customer-day event at the Avient ColorWorks design and technology center in Milan, company founder Francesco Franceschetti was inspired and suggested a collaboration to conduct an exhaustive study of the Italian ski boot marketplace and the colors boot makers use in their products.
The outcome of this unique project would be a comprehensive report and guide, including five colors proposed for the 2021 – 2022 ski season following visits to dealers, boutique shops, and chain stores.
https://www.avient.com/industries/transportation/advanced-mobility/advanced-mobility-composite-structures
Office Supplies
Pet Care & Supplies
Auto-injectors and Drug Delivery Pens
https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Circular Economy 2022_1.pdf
At Avient, we are proud to be a part of the solution, supporting
the shift from a linear economy to a circular economy and driving
sustainability for all of our stakeholders.
Industry
A circular economy would reduce the cost of materials and production, which in turn
creates savings for industries.
SOURCE: https://www.sourcetoday.com/supply-chain/article/21142961/four-challenges-standing-in-the-way-
of-a-circular-economy
Report
According to the 2021 Circularity Gap Report, our global economy is only 8.6%
circular.
https://www.avient.com/sites/default/files/2021-01/case-study-one-pager-surround-automotive-ev-connector-charger.pdf
MAJOR TIER 1
SUPPLIER
C O N N E C T O R C O V E R
• EMI-shielding performance at frequencies from 30 MHz up
to 2 GHz
• Excellent dimensional stability
• Must meet robust mechanical property targets including
tensile strength and elongation at break
• Worked in close collaboration with the OEM from
the start of the development process in order to
fully understand their key requirements
• Developed a customized material providing the
required EMI-shielding performance which,
removing the need for secondary metallization
manufacturing processes, reduced cycle time
Surround™ NN- 14 NICF SIP Black
Formulation
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
EMI SHIELDING AT LOWER FREQUENCIES
LEARN MORE
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-10/antimicrobial-dental-case-study.pdf
THE IMPACT
Avient was able to reduce lead time on these newly
developed additives by a week versus the original
supplier, enabling this customer to better manage
and control inventory levels.
Further, the
lower let-down ratio represented a 30% cost savings
per year.
Finally, Avient’s
willingness and ability to conduct and provide testing
results saved the customer time and money.
https://www.avient.com/sites/default/files/2021-06/colormatrix-select-brochure.pdf
SELF-SERVICE
1.
Save, review and manage your chosen formulations for future reference
and production scale orders.
This helps facilitate closer collaboration with
your design and manufacturing suppliers.
https://www.avient.com/investor-center/news/avient-announces-third-quarter-2023-results
of annual interest expense savings.
Attachment 1
1)
https://www.avient.com/idea/rise-above-four-common-lightweighting-mistakes
1.
How Avient can help: You can rely on the expertise we’ve gained in developing automotive material solutions for a wide range of electrical and lighting applications.
We’ll supply you with proven solutions that take the hassle out of achieving your goals.