https://www.avient.com/resource-center?document_type=253&document_subtype=216&page=1
This white paper details how TPEs can be used to meet global demand for healthcare devices and apparatus
https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future;
• The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• Changes in laws and regulations regarding plastics in jurisdictions where we conduct business;
• Fluctuations in raw material prices, quality and supply, and in energy prices and supply;
• Production outages or material costs associated with scheduled or unscheduled maintenance programs;
• Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
• Our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials (APM);
• An inability to raise or sustain prices for products or services;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and
• Other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation and any recessionary conditions
Use of Non-GAAP Measures
This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
GUIDANCE
11
14.8%
15.8%
Adjusted EBITDA Margin %
Better-than-expected margins
driven by:
• Resilient demand for
composites and sustainable
solutions which improved
mix of higher margin
applications
• Deceleration of raw material
inflation
• Cost reduction activities
Q1 EBITDA BRIDGE
12
$ millions
CAI:
Price / Mix 19)
Inflation (4)
SEM:
Price / Mix 6)
Inflation (4)
Net Price Benefit 17)
Wage and Energy Inflation (13)
Cost Reductions 8)
FX (6)
Q1 2023 Actual $134)
Adjusted
EBITDA
Q1 2022 Pro Forma $ 176)
Demand (48) • Weak demand
conditions in-line
with previous
expectations
• Pricing continues to
cover inflation of raw
materials, wages
and energy
U.S. & Canada
40%
38%
17%
Q1 2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
18%
23%
Building and
6%Telecommunications
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $846M and $134M, respectively, include intercompany sales eliminations and corporate costs
$537M $91M
$310M $64M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$134M$846M
(1)
13
Q1 2023 SALES BY REGION
Yo Y C H A N G E ( E X C L .
Avient Specialty
Other Specialty /
2023E(%)
36
79
87
83 81
76
73
90
79 77 76
73
69
60
22
MULTIPLE EXPANSION
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $38.51.
https://www.avient.com/news/avient-highlight-bio-based-polymer-solutions-pharmapack-2024
PARIS – January 24, 2024 – Avient Corporation, a leading provider of specialized and sustainable material solutions and services, today announced it is highlighting its portfolio of bio-based polymer solutions at Pharmapack 2024, Europe’s leading trade show for the pharma packaging and drug delivery device industry.
For more information, visit https://www.avient.com.
https://www.avient.com/news/avient-s-malm-sweden-site-earns-iscc-plus-certification-mevopur-healthcare-bio-based-polymer-solutions
MALMÖ, Sweden – April 4, 2024 – Avient Corporation, a leading provider of specialized and sustainable materials solutions and services, announced today that its site in Malmö, Sweden, completed the requirements to receive the ISCC (International Sustainability and Carbon Certification) PLUS certification for its Mevopur™ Healthcare Bio-Based Polymer Solutions manufactured on site.
For more information, visit https://www.avient.com.
https://www.avient.com/news/polyone-launches-new-textile-printing-technology-china-wilflex-epic-rio-non-phthalate-ink-mixing-system
About PolyOne
PolyOne Corporation, with 2016 revenues of $3.3 billion, is a premier provider of specialized polymer materials, services and solutions.
EDITORS: For a high-resolution image, please click here: Wilflex™ EPIC™ Rio
To access PolyOne’s news library online, please go to http://www.avient.com/news.
https://www.avient.com/news/hai-prevention-has-ally-new-polyone-tpes-feature-enhanced-resistance-antiseptics
About PolyOne
PolyOne Corporation, with 2015 revenues of $3.4 billion, is a premier provider of specialized polymer materials, services and solutions.
NOTE TO EDITORS: Based on a multi-state HAI prevalence survey, the Centers for Disease Control and Prevention (CDC) reports that an estimated 722,000 HAIs per year occur in U.S acute care hospitals (source: http://www.cdc.gov/HAI/surveillance/).
https://www.avient.com/news/new-lsfoh-formulation-avient-helps-prevent-environmental-stress-cracking-armored-cables
POMMERLOCH, Luxembourg – December 11, 2023 – Avient Corporation, a premier provider of specialized and sustainable material solutions and services, today announced the addition of a new grade to its ECCOH™ Low Smoke and Fume Non-Halogen Formulations portfolio.
For more information, visit https://www.avient.com.
https://www.avient.com/news/avient-unveils-ptfe-free-and-non-halogen-flame-retardants-polycarbonate-fakuma-2023
FRIEDRICHSHAFEN, Germany – October 9, 2023 – Avient Corporation, a leading provider of specialized and sustainable material solutions and services, today announced it is introducing a line of PTFE-free and non-halogen flame-retardant additives specifically engineered for polycarbonate and useful for electrical & electronic (E&E) products.
For more information, visit https://www.avient.com.
https://www.avient.com/news/avient-opens-cycleworks-innovation-center-advance-circular-economy-and-recycling-goals
CLEVELAND – November 12, 2020 – Avient Corporation, a premier provider of specialized and sustainable material solutions and services, has officially opened its new CycleWorks facility in Pogliano, Italy.
For more insights on CycleWorks and opportunities to collaborate, as well as Avient’s broader sustainability initiatives, register here for the upcoming Plastic Recyclers Europe online conference next month: https://www.prseventeurope.com/prse2020/en/page/conference-programme
https://www.avient.com/news/avient-adds-recycled-and-bio-based-polyolefin-formulations-its-sustainability-portfolio-k-2022
DÜSSELDORF, Germany – October 18, 2022 – Avient Corporation, a premier provider of specialized and sustainable material solutions and services, is introducing new recycled and bio-based polyolefin formulations at the upcoming K 2022, further extending its sustainability portfolio in Europe.
To access Avient’s news library online, please visit https://www.avient.com/news-events.