https://www.avient.com/sites/default/files/2024-11/Lactra LX UHT Milk Case Study Snapshot.pdf
DA IRY PRODUCTS
PRODUC ER
U H T M I L K B O T T L E S
• >99% light blocking to protect riboflavin and vitamins
• Monolayer bottle design
• Product integrity
• Premium package aesthetic
• Delivered a superior white light blocking
additive offering 99.99% light blocking for
dairy products
• Provided effective visible light blocking for
extended shelf life of UHT milk in a
monolayer bottle
• Achieved bright white, premium bottle
aesthetics for enhanced shelf appeal
ColorMatrix Lactra LX Light Blocking
Additive for PET
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2024-10/2024 AVNT Q3 Webcast Slides w appendix and non-GAAP.pdf
Microsoft PowerPoint - AVNT Q3 2024 Earnings Presentation_10.29_12PM
AVIENT CORPORATION
T H I R D 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)
O C T O B E R 3 1 , 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.
EBITDA
$130 million
+6%
(+7% ex FX)Net Sales
$815 million
+8%
(+8.5% ex FX)
Net Sales
$815 million
+8%
(+8.5% ex FX)
Q 3 2 0 2 4 R E S U L T S
TOTAL COMPANY
( Q 3 2 0 2 4 P E R F O R M A N C E V S Q 3 2 0 2 3 )
$754
$815
Q3 23 Q3 24
$123
$130
Q3 23 Q3 24
Sales Adjusted EBITDA
(in millions)
$0.57
$0.65
Q3 23 Q3 24
(in millions)
Adjusted EBITDA Adjusted EPS
5
+ 8%
(+8.5% excluding FX)
+ 6%
(+7% excluding FX)
+ 14%
(+16% excluding FX)
Sales
6
Q3 2 024 RESULTS – ORGA NI C REVENUE
GROW TH BY REGI ON VS PY
6
US & Canada
Latin America
EMEA
Asia
+9%
+5%
+11%
+27%
Avient ex.
FX +8.5%
FX -0.4%
Total Avient +8.1%
Note: Regional Sales Percentages exclude impact of foreign exchange
COLOR, ADDITIVES & INKS SEGMENT
( Q 3 2 0 2 4 P E R F O R M A N C E V S Q 3 2 0 2 3 )
$487
$522
Q3 23 Q3 24
$89
$97
Q3 23 Q3 24
Sales Adjusted EBITDA
(in millions) (in millions)
Sales Adjusted EBITDA
7
+ 7%
(+8% excluding FX)
+ 9%
(+11% excluding FX)
18.3%
+40 bps *18.7%
*
* Adjusted EBITDA Margin %
• Sales growth driven by winning
new product specifications in
consumer & packaging, strong
underlying demand in healthcare
and improving demand in building
& construction
• Favorable mix and raw material
deflation contributed to EBITDA
margin expansion
SPECIALTY ENGINEERED MATERIALS SEGMENT
( Q 3 2 0 2 4 P E R F O R M A N C E V S Q 3 2 0 2 3 )
$268
$295
Q3 23 Q3 24
$51
$57
Q3 23 Q3 24
Sales Adjusted EBITDA
(in millions) (in millions)
Sales Adjusted EBITDA
8
• Sales growth driven by restocking
in healthcare & consumer end
markets and strong underlying
demand for composite
applications used in building &
construction, energy and defense
end markets
• Favorable mix contributed to
EBITDA margin expansion
+ 10%
(+10% excluding FX)
+ 12%
(+13% excluding FX)
19.0%
+40 bps *19.4%
*
* Adjusted EBITDA Margin %
2 0 2 4 G U I D A N C E
FY 20 24 GUIDA NC E
Previous (Aug 6) Current
Adjusted EPS $2.55 to $2.70 $2.63 to $2.67
Adjusted EBITDA $515 to $540 million $525 to $530 million
Interest Expense $105 million $104 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures &
Investment in S/4 Hana
~$140 million ~$140 million
10
11
• Investor Day to be held December 4, 2024 at
the NYSE, beginning at 10AM
• The focus will be to do a deep dive on the
Company’s strategy
• Registration and microsite will be available in
early November
20 24 AVI ENT INVESTOR DAY
A P P E N D I X
18
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 MATERI AL BA SKET
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%
20
(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
21
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
9%
Building &
Construction
10%
Telecommunications
1% Energy
2%
COLOR , AD DI TI VES & 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%
22
Packaging
5%
Consumer
16%
Healthcare
6%Industrial
16%
Transportation
12%
Telecommunications
9%
Energy
10% Defense
18%
Building &
Construction
8%
END MARKET REGION
SPEC IA LTY ENGI NEER ED MATERI ALS
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%
23
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.
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Investor Presentation_website w Non-GAAP.pdf
Microsoft PowerPoint - AVNT Q1 2024 Investor Presentation
AVIENT CORPORATION
I N V E S T O R P R E S E N T A T I O N
(NYSE: AVNT)
M A Y 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.
Continue fostering our Great
Place to Work® culture
Strategic ObjectivesStrategic Objectives
Long Term
Growth
Rates
Growth DriversGrowth Drivers
$340
$455
$790
$1,135
2016 2018 2020 2023
$51
$84
$212
$645
2016 2018 2020 2023
$108 $113
$231 $230
2016 2018 2020 2023
$265
$358
$726 $725
2016 2018 2020 2023
8-12% 8-10% 8-10% 5%
Sustainable Solutions Composites Healthcare Asia/Emerging Regions
Profitable GrowthProfitable Growth Great Place to WorkGreat Place to Work
5.4%
10.9%
16.0%
2006 2014 2023
EBITDA Margins
$0.14
$1.93
$2.36
2006 2014 2023
Adjusted EPS
TO P- T IE R S US TA I NA B I L I TY PE R F OR MA N C E
A N D R EC O G NI T I ON
Industry Sustainability Standards
ESG Ratings Performance
1
2
4
87th
94th
percentile
5
Avient CDP Score:
A-
M AY 7 , 2 0 2 4
W E B C A S T
P R E S E N TA T I O N
7
REGIONAL DEMAND TREND S-TOTA L COMPA NY
Q 1 S A L E S V S P Y ( E X C L U D I N G F X )
7
US & Canada
Latin America
EMEA
Asia
+2%
-6%
Flat
+2%
Avient ex.
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.
https://www.avient.com/sites/default/files/2024-08/Silcopas Airbags Case Study Snapshot.pdf
TEXTILE
MA NUFAC TURER
A U T O M O T I V E A I R B A G C O A T E D
F A B R I C
• Rapid development of color-coated, high-performance
fabric for global OEM airbag system
• Custom-colored silicone paste dispersion for liquid silicone
rubber (LSR)
• Excellent dispersion with color consistency to meet
regulatory demands and monitor coating performance
• Offered specialized customer support to
provide materials quickly while working with
all stakeholders
• Provided customizable color-matching
helping to reinforce brand equity
• Delivered exceptional quality and regulatory
knowledge to adhere to industry safety
standards and track internal performance
Silcopas Silicone Paste Colorants
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2024-03/Aircraft Flooring Case Study Snapshot.pdf
A I RC R A F T I N T E R I O R
O E M
A I R C R A F T F L O O R I N G
• Meet aircraft flammability requirements (FAA)
• Provide flame retardance and smoke mitigation
• Maintain physical properties
• Control viscosity and allow enhanced processability
• Retain product integrity as contaminant free
• Provide product traceability
• Provided strong global EHS and regulatory support
to minimize risk
• Offered a solution to improve quality consistency and
control viscosity
• Enhanced mixing capability and improved
processing temperature and imprint hold
• Allowed greater security of supply with multiple
manufacturing locations
• Provided an integrated solution of plastisols and
pigment dispersions that met traceability
requirements with JIT delivery
KEY REQUIREMENTS
QUALITY + PERFORMANCE
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-therma-tech-led-light-heat-exchanger.pdf
© 2019, All Right Reserved
Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
LED LIGHT
MANUFACTURER
H E A T E X C H A N G E R F O R A N
E L E C T R O N I C C I R C U I T B O A R D
• Looking to replace aluminum
• Reduce corrosion
• Light weighting
• Eliminated the effects of corrosion
• Provided a lightweight alternative to aluminium
• Redesigned the part for easier processing and
further weight reduction
• Enabled the customer to take a new, innovative
product in to the market
Therma-Tech™ Thermally Conductive Formulation
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-therma-tech-automotive-led-heat-sink_0.pdf
© 2019, All Right Reserved
Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
T R A N S P O RTAT I O N
L I G H T I N G S U P P L I E R
H E A T S I N K F O R H I G H P O W E R
L E D
• A material to replace aluminum
• High thermal conductivity - 20 W/mK
• Electrically conductive
• Increase production rate by 50%, as
three secondary operations were
eliminated
• Reduced the weight of each part by 30%
• Collaborated with the customer to
participate in the SPE Automotive
Innovation Awards
Therma-Tech™ TT6600-5001 EC Grey
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-therma-tech-gas-recovery-heat-exchanger.pdf
© 2019, All Right Reserved
Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
B U I L D I N G A N D
C O N S T R U C T I O N S U P P L I E R
H E A T E X C H A N G E R : G A S
R E C O V E R Y
• Resistance to corrosion and fouling
• Good thermal conductivity
• Good pressure resistance
• Compatible with current processing methods – extrusion
• Eliminated the effects of corrosion and
fouling by replacing aluminum
• Improved thermal performance over time
• Developed a customized solution that
utilized the customers existing extrusion
processing methods
Therma-Tech™ Thermally Conductive Formulation
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2022-07/ECCOH_ 5806 - Gel filled Tight Buffer Aerial Cable - Application Snapshot.pdf
T I G H T B U F F E R I N G E L - F I L L E D
L O O S E T U B E F O R A E R I A L
C A B L E S
GLOBAL CABLE
MANUFACTURER
• Operating temperature from -40°C to 70°C
• High gel resistance
• Low shrinkage
• Stripability for easy installation
• Good flame retardancy
• Developed a formulation with good thermal behaviour
and low shrinkage
• Enabled a greater range of operating temperatures
giving the customer the flexibility of using the same
cable design in a range of different climates
• Provided superior gel resistance increasing life time of
the cable
• Utilized simulation service to optimize customer tooling
and extrusion output
ECCOH™ 5806 Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-07/ECCOH_ 5702 SEPAP - Riser Cables - Applications Snapshot.pdf
CABLE
MANUFACTURER
H I G H F L A M E R E T A R D A N T
S H E A T H F O R R I S E R C A B L E S
• Fire performance: CPR classification Dca s1 a1 d0 at a
thickness of 350µm
• Low shrinkage
• Water, UV and chemical resistance
• Low CoF
• Reduced cable weight by decreasing the jacket
thickness from 550µm to 350µm
• Provided required CPR classification at a reduced
thickness allowing installation in homes and
buildings in between walls and floors
• Increased cable lifetime due to improved
chemical and UV resistance
• Enabled fast cable processing
ECCOH™ 5702 SEPAP Formulation
KEY REQUIREMENTS
WHY AVIENT?