https://www.avient.com/sites/default/files/2020-08/magiq-non-woven-electret-plus-product-bulletin-cn-1-.pdf
MagIQ_Non-Woven_Electret_Plus_Product_Bulletin-CN
MagIQ™无纺驻极添加剂
应用于防护口罩的功能性母料
口罩组成
结构 材料 方法 功能
S(纺粘)
外层 PP
M(熔喷)
中间层 PP
S(纺粘)
外层 PP
纺粘无纺布 防水、防止飞沫粘附
熔喷无纺布 过滤空气中微生物、颗粒和飞沫
纺粘无纺布 吸水、吸收呼吸产生的水蒸气
驻极母粒是一种应用于生产聚丙烯熔喷无
纺布的材料,可用于制作具有持久过滤性
能的防护口罩。
https://www.avient.com/sites/default/files/2022-03/AVNT Mar 2022 Presentation.pdf
We are Avient.
6
BETTER TOGETHER: POLYONE AND
CLARIANT COLOR
Key Financial Data
2021 Sales $4.8 billion
2021 EBITDA $581 million
87% of EBITDA from specialty applications
2021 PE RF O RM AN CE
$80
$85
$0.52
$0.58
Q4 2021 PERFORMANCE
8
Sales Adjusted Operating Income
$997
$1,202
+ 21%
Adjusted EPS
+ 6% + 12%
(in millions) (in millions)
$308
$429
$1.93
$3.05
FULL YEAR 2021 PERFORMANCE
9
Sales Adjusted Operating Income
$3,783
$4,819
+ 27%
Adjusted EPS
+ 39% + 58%
(in millions) (in millions)
(1) (1) (1)
FULL YEAR 2021 SEGMENT PERFORMANCE
10
$2,043
$2,402
SEM Distribution
$226
$303
+ 18% + 34%
$1,110
$1,631
$70
$93
+ 47% + 33%
$709
$919
$94
$132
+ 30% + 40%
Full Year 2020 (Pro forma) $3,783 $308
Sustainable Solutions 147 19% 60
Healthcare 143 28% 30
Composites 58 43% 29
Growth in Asia / LATAM 107 21% 26
Other 543 30% 58
Sub-total $4,781 26% $511
Wage Inflation and Overtime (39)
Other Supply Chain Costs (15)
COVID Response Applications (22) (12)
Synergies 44
FX, Incentives, Other Employee Costs 60 (60)
Full Year 2021 $4,819 27% $429
FULL YEAR 2021 SALES AND OPERATING INCOME
11
Sales Growth Rate
Operating
Income$ millions
EBITDA
12
Full Year 2020 (Pro forma) $ 457
Demand 135
$ millions
CAI:
Price / Mix 158
Inflation (120)
SEM:
Price / Mix 84
Inflation (65)
Distribution:
Price / Mix 318
Inflation (304)
Net Price Benefit 71
Wage Inflation and Overtime (39)
Other Supply Chain Costs (15)
COVID Response Applications (12)
Synergies 44
Incentives, FX, Other Employee Costs (60)
Full Year 2021 $ 581
• Demand impact driven by growth
in key focus areas: sustainable
solutions, healthcare, composites
and growth in Asia / LATAM
• Price increases more than offset
raw material and supply chain
impacts
FULL YEAR 2021 EBITDA BRIDGE
SPECIALTY EBITDA MARGIN EXPANSION
13
(1) 2018-2020 financial information is pro forma to include a full year of Clariant Color business
15.3% 15.2%
16.2%
17.0%
2018 2019 2020 2021
14.8%
15.2%
17.6% 17.8%
2018 2019 2020 2021
SEM
• Record margins in 2021 despite
unprecedented supply chain challenges
• Continued portfolio transformation to
high-growth end markets and
sustainable solutions
• Clariant Color synergy realization
• Investments in composites and outdoor
high performance applications drove
growth and mix improvements
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• $54 million of synergies realized in 2021
• Acquisition completed on July 1, 2020 for $1.45 billion.
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
30
Capex / Revenue
2022E (%)
AVIENT IS ASSET LIGHT
Avient Specialty
Other
4
7
7 7
(
xc
l.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
HIGH FREE CASH FLOW
CONVERSION
Avient reflects 2021 estimated EBITDA of $635M and estimated CAPEX of $90M (excludes IT system upgrade of $25M and synergy capture CAPEX of $20M)
Source: Peer data per Bloomberg market data as of February 15, 2022
86 89
85
80
76 76
89
85
79 78 76 76 76
70 69
63
8
LB
Source: Peer data per Bloomberg market data as of February 15, 2022
Total Enterprise Value / 2022E EBITDAWith the Clariant Color business
acquisition and divestment of the
PP&S business, our exposure is
now concentrated in less-cyclical
and high-growth markets.
https://www.avient.com/investors/events-presentations?page=5
Avient Q2 2021 Earnings - July 30, 2021
Avient Q1 2021 Earnings - April 30, 2021
PolyOne IR Presentation – KeyBanc Capital Markets Conference – 5/30/2019
https://www.avient.com/investors/events-presentations?page=0
Avient Q2 2021 Earnings - July 30, 2021
Avient Q1 2021 Earnings - April 30, 2021
PolyOne IR Presentation – KeyBanc Capital Markets Conference – 5/30/2019
https://www.avient.com/investors/events-presentations?page=11
Avient Q2 2021 Earnings - July 30, 2021
Avient Q1 2021 Earnings - April 30, 2021
PolyOne IR Presentation – KeyBanc Capital Markets Conference – 5/30/2019
https://www.avient.com/investors/events-presentations?page=10
Avient Q2 2021 Earnings - July 30, 2021
Avient Q1 2021 Earnings - April 30, 2021
PolyOne IR Presentation – KeyBanc Capital Markets Conference – 5/30/2019
https://www.avient.com/investors/events-presentations?page=8
Avient Q2 2021 Earnings - July 30, 2021
Avient Q1 2021 Earnings - April 30, 2021
PolyOne IR Presentation – KeyBanc Capital Markets Conference – 5/30/2019
https://www.avient.com/investors/events-presentations?page=3
Avient Q2 2021 Earnings - July 30, 2021
Avient Q1 2021 Earnings - April 30, 2021
PolyOne IR Presentation – KeyBanc Capital Markets Conference – 5/30/2019
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/surround
EMI-shielding performance at frequencies from 30 MHz up to 2 GHz
https://www.avient.com/news/5g-accelerated-new-polyone-formulations-telecom-equipment
PolyOne experts will be onsite to discuss 5G materials and solutions at Stand 9-30 at 5G/IoT Network Expo, July 17-19, 2019 in Tokyo.