https://www.avient.com/knowledge-base/article/material-solutions-expanding-ev-charging-infrastructure?rtype[]=1164
Cesa™ Flame Retardant Additives are available in standard or custom solutions that will comply with necessary technical and regulatory requirements.
Charging stations can be protected from harsh outdoor environments and daily wear-and-tear by using various solutions, including UV protection, chemical resistance, scratch and mar resistance, or impact modification.
https://www.avient.com/knowledge-base/article/material-solutions-expanding-ev-charging-infrastructure?sust[]=1165
Cesa™ Flame Retardant Additives are available in standard or custom solutions that will comply with necessary technical and regulatory requirements.
Charging stations can be protected from harsh outdoor environments and daily wear-and-tear by using various solutions, including UV protection, chemical resistance, scratch and mar resistance, or impact modification.
https://www.avient.com/sites/default/files/2020-07/woonkeatmoh_0.pdf
Moh previously
worked at Bayerand Clariant, where he served in various commercial leadership roles.
https://www.avient.com/sites/default/files/2022-10/Wall Partitions Mini Case Study.pdf
WALL PARTITION
MANUFACTURER
F O O D P R O C E S S I N G
E N V I R O N M E N T S
• Decrease growth of microbes on plastic surfaces that
come in contact with food products
• Compatibility with sheet extrusion processing
• Maintain all other functional attributes inherent to product,
such as ROHS, flame retardant standards, and specific
brand color
• Seamlessly incorporated multifunctional additives
for optimal performance in reducing microbe
growth
• Developed custom formulation for complex
processing configurations in sheet extrusion
technology
• Provided expertise in antimicrobial performance,
chemical resistance, flame retardance, and
regulatory product stewardship
Cesa™ WithStand™ Antimicrobial Additives and
Smartbatch™ Combination Colorants and Additives
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
EPS
$0.14
$2.67
$3.04
TOP-TIER SUSTAINABILITY PERFORMANCE
AND RECOGNITION
Industry Sustainability Standards
90th
percentile
84th
ESG Ratings Performance
1
14
PEOPLE
C U L T U R E I S E V E R Y T H I N G
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $17 million
raised since 2010
Diversity & Inclusion
15
2022 RE SU LT S
Q4 EBITDA BRIDGE
(PRO FORMA TOTAL COMPANY)
17
$ millions
CAI:
Price / Mix 42
Inflation (20)
SEM:
Price / Mix 14
Inflation (10)
Net Price Benefit 26
Wage and Energy Inflation (13)
Clariant Color Integration Synergies 4
Incentives, Other Employee Costs 21
FX (10)
Q4 2022 $107
Adjusted
Q4 2021 $ 132
Demand (50)
Russia Import Sales (3)
• Demand contraction
especially prevalent in
EMEA and Asia
• Pricing continues to cover
inflation of raw materials,
wages and energy
PROVEN TRACK RECORD OF STRONG AND
IMPROVING FREE CASH FLOW GENERATION
18
• Periods of economic
weakness have driven
higher levels of cash
generation due to
working capital
management
• Anticipate continued
strong free cash flow
generation and
conversion despite
global uncertainty
78% 78% 80% 80% 81%
78%
84% 83%
80%
0%
30%
40%
50%
60%
70%
80%
90%
2014 2015 2016 2017 2018 2019 2020 2021 2022
0
50
100
150
200
250
300
350
400
re
e
as
h
F
lo
w
C
o
n
ve
rs
io
n
re
e
as
h
F
lo
w
FCF $ AVNT FCF Conversion % S&P FCF Conversion %
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. 2020 is pro forma for Clariant Color and 2022 is pro forma for Avient Protective Materials
$600 $592
$3.02 $3.04
FULL YEAR 2022 PERFORMANCE
(TOTAL COMPANY PRO FORMA)
19
Sales Adjusted EBITDA
$3,712 $3,653
-2%
Adjusted EPS
-1% + 1%
(in millions) (in millions)
(+4% excluding FX) (+5% excluding FX) (+9% excluding FX)
FULL YEAR 2022 SEGMENT PERFORMANCE
20
CAI
$2,402 $2,355
$409 $402
SEM Pro Forma
$1,308 $1,300
$278 $272
(+4% excluding FX)
- 2% -1%
(+5% excluding FX)
- 2%
(+4% excluding FX)
- 2%
(+2% excluding FX)
PRO FORMA FULL YEAR EPS BRIDGE
21
Pro Forma 2021 Adjusted EPS 3.02$
Foreign Currency (0.23)
Russia Import Sales (0.07)
Outdoor High Performance (0.13)
Color, Additives and Inks 0.18
Specialty Engineered Materials 0.24
Corporate Costs / Other 0.03
Pro Forma 2022 Adjusted EPS 3.04$
FULL YEAR EBITDA BRIDGE
(PRO FORMA TOTAL COMPANY)
22
$ millions
CAI:
Price / Mix 247
Inflation (176)
SEM:
Price / Mix 121
Inflation (77)
Net Price Benefit 115
Wage and Energy Inflation (47)
Clariant Color Integration Synergies 23
Incentives, Other Employee Costs 43
FX (34)
Full Year 2022 $592
Adjusted
Full Year 2021 $ 600
Demand (99)
Russia Import Sales (9) • Demand primarily impacted
by China lockdowns, 4th
quarter industrywide
destocking and declining
consumer sentiment
• Pricing outpaced inflation of
raw materials, wages and
energy
2023 G U IDA N CE
$125
$530
$0.55
$2.40
2023 GUIDANCE
24
Sales Adjusted EBITDA
$845
$3,450
Adjusted EPS
(in millions) (in millions)
CASH FLOW / BALANCE SHEET
25
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability, primarily
in Europe
($ 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
K E Y G R O W T H D R I V E R S
A N D T R A N S F O R M E D
P O R T F O L I O
GROWTH DRIVERS: PROVEN SUCCESS
27 (1) Pro forma for the acquisition of Avient Protective Materials (APM)
COMPOSITES
$51
$84
$212
$668
HEALTHCARE
$108 $113
$231
$293
8-10%
ASIA/EMERGING REGIONS
$265
$358
$726
$830
$340
$455
$790
$1,175
SUSTAINABLE SOLUTIONS
8-12%
(1) (1)(1)
(Sales in $ millions)
#1 Color Formulator
Dyneema® - World’s Strongest
Fiber™
#1 in Composites applications
for outdoor high performance
#1 in Performance Inks
Customized solutions
140+ PhDs on staff
Rapid development of
innovative products
Extensive patent (2,500+)
portfolio
33% Vitality Index
Better-positioned toward stable,
high-growth end markets
Consumer, packaging,
healthcare and defense comprise
nearly 60% of sales
Agnostic to raw materials,
helping all customers achieve their
goals
Broad portfolio of diversified
sustainable solutions
90%+ of our innovation pipeline
invested in sustainable solutions
Long-term growth rate well
above GDP with expectations of
8-12%
LEVERAGING OUR TRANSFORMED PORTFOLIO
28
Building &
4% Telecom.
2022 PF
$3.65B
sales
Leading Positions Sustainable SolutionsDiversified IndustriesSpecialty Formulator
(1) 2022 Pro forma for the acquisition of Avient Protective Materials
(2) 2020 Pro forma for the acquisition of Clariant Color
(1)(2)
$340M
$455M
$790M
2016 2018 2020PF 2022PF
$1,175M
P EE R C O M PAR IS O N S
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,450 and estimated run-rate CAPEX of $110M.
30
2
4 4
5 5 5
6
7 7
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/resource-center?document_type=0&industry=0&product_family=84&product_subfamily=0&product_name=0&op=FILTER RESULTS&form_build_id=form-fNS88LG3BRw1MCsEhxqrGzoCcCISeOxlsDfIOUV4Mx0&form_id=resource_filter_form
Smartbatch™ Combination Colorants and Additives provided cost effectiveness by combining colorant and UV solutions
Cesa™ Light Additives provided high concentrate UV protection in nonwoven textiles with dosage at 50%
Smartbatch™ Combination Colorants and Additives provided cost effectiveness by combining colorant and UV additive solutions
https://www.avient.com/resource-center?document_type=0&form_build_id=form-fNS88LG3BRw1MCsEhxqrGzoCcCISeOxlsDfIOUV4Mx0&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=84&product_name=0&product_subfamily=0&page=0
Smartbatch™ Combination Colorants and Additives provided cost effectiveness by combining colorant and UV solutions
Cesa™ Light Additives provided high concentrate UV protection in nonwoven textiles with dosage at 50%
Smartbatch™ Combination Colorants and Additives provided cost effectiveness by combining colorant and UV additive solutions
https://www.avient.com/sites/default/files/2022-07/ECCOH_ 5981 BK UV - Aerial Drop Cable - Application Snapshot_0.pdf
CABLE
MANUFACTURER
A E R I A L D R O P C A B L E J A C K E T
• Operating temperature between -40°C to 70°C
• Fire performance: CPR classification Dca-, s1, d1, a1
• Low water absorption
• Clamp resistance
• Strong UV resistance & mechanical performance
• Improved thermal behaviour giving the customer
the flexibility to use the same cable design in a
wide range of climates
• Enabled superior mechanical performance and
water absorption over previous solutions
providing versatility and outdoor use
• Provided material in black color specifically used
in drop cables
ECCOH™ 5981 BK UV Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/news/avient-feature-sustainable-solutions-fiber-itma-2023
These include black colorants developed for the coloration of polyamide and polyester yarns with specific undertones or where ultraviolet (UV) protection may be required.
Avient’s portfolio of Cesa™ Fiber Additives, which can help enhance performance and improve the processing of extruded fibers, will also be on display.
The MagnaColours ITO range can offer optimized textile performance to meet strict industry compliance standards through a wide range of UV treatments, fire retardants, dyes, chemicals, and other treatments.
https://www.avient.com/resource-center?document_type=0&industry=0&product_family=84&product_subfamily=0&product_name=0&op=FILTER RESULTS&form_build_id=form-fNS88LG3BRw1MCsEhxqrGzoCcCISeOxlsDfIOUV4Mx0&form_id=resource_filter_form&page=0
Smartbatch™ Combination Colorants and Additives provided cost effectiveness by combining colorant and UV solutions
Cesa™ Light Additives provided high concentrate UV protection in nonwoven textiles with dosage at 50%
Smartbatch™ Combination Colorants and Additives provided cost effectiveness by combining colorant and UV additive solutions