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
DISCLAIMER
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 2024 R ES U LT S
TOTAL COMPANY
$754
$815
$123
$130
(in millions)
$0.57
(in millions)
Adjusted EBITDA Adjusted EPS
5
+ 8%
(+8.5% excluding FX)
+ 6%
(+7% excluding FX)
+ 14%
(+16% excluding FX)
Sales
6
Q3 2024 RESULTS – ORGANIC REVENUE
GROWTH BY REGION VS PY
6
+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
$487
$522
$89
$97
(in millions) (in millions)
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
$268
$295
$51
$57
(in millions) (in millions)
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 %
2024 G U IDA N CE
FY 2024 GUIDANCE
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
2024 AVIENT INVESTOR DAY
AP P EN D IX
18
Performance
Additives
15%
Pigments
TiO2
Dyestuffs
Polyethylene
10%Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
41%
36%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
23%Industrial
Building and
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
7%
20
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2023 REVENUE | $2 .0 B ILL ION
34%
37%
21%
END MARKET REGION
21
34%
21%
15%
Building &
1% Energy
COLOR, ADDITIVES & INKS
2023 REVENUE | $1 .1 B ILL ION
52%
35%
22
6%Industrial
12%
10% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
26%
Building &
6%
2% Defense
1%
(18% of sales)
2023 AVIENT REGIONAL SALES
25%
Building &
(36% of sales)Transportation
22%
Building &
12%
6%
US &
Canada
(41% of sales)
59%
22%
Building &
LATAM
(5% of sales)
23
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/resources/safety-data-sheets?page=6189
PANTONE P160-1 C
MORADO-PANTONE 0270 -4-1 (V2)
SECCIÓN VIOLETA - PANTONE 0240-4-1 (V2)
https://www.avient.com/resources/safety-data-sheets?page=2905
X ET-16658-01-1 Blk
G051349 PEC DARK GREEN 4:100
Shipment Notification - under "Material Header" MSDS - labeled as the "Product Number" (in Section 1)
https://www.avient.com/resources/safety-data-sheets?page=6349
RHC R-2.BLUE.50-1
TRIPLE A TONER 4 X DILUTED
Shipment Notification - under "Material Header" MSDS - labeled as the "Product Number" (in Section 1)
https://www.avient.com/resources/safety-data-sheets?page=1530
BLUE NAVY 4
X HC 5210-0020 RS Cool Gray 1
Shipment Notification - under "Material Header" MSDS - labeled as the "Product Number" (in Section 1)
https://www.avient.com/resources/safety-data-sheets?page=2143
CPE 30-2 NAT Rev 1
PVC NAVY BLUE 4
X PS-1495601 BLACK
https://www.avient.com/resources/safety-data-sheets?page=3456
TEAK 4 W/UV
87650PFX EPIC PRIMROSE 1
X ST2817-001-01
https://www.avient.com/resources/safety-data-sheets?page=3908
650 WHITE LG 4
X ST-TPU-7425-1A
140775-1 EXPB6502 BLACK 2999
https://www.avient.com/sites/default/files/2025-03/65536-Certificate-05MAR2024.pdf
Mariana Langiewicza 50, 95-
050 Konstantynow, Poland
Avient Corporation - Korachi, Sindh
Pakistan
Design and Manufacture of Colour and Additive Concentrates,
1-A/1, Sector-20 , 74900 Korachi,
Pakistan
Avient Corporation Design and Manufacture of colour and additive concentrates, thermoplastic
resins and specialty compounds
Hohenrhein 1 Lahnstein Rheinland-
Pfalz 5612 Germany
Avient Corporation Design & Manufacturing of Colour and Additive Concentrates.
Toluca 2000 Toluca Estado de
México 50200 Mexico
Page 4 of 5
Avient Corporation Design & Manufacture of Color, Additive Concentrate & Specialty
Renaissance Industrial &
Warehousing Complex, Unit No.
Unit 3 Dodworth Business Park,
Dodworth Barnsley South Yorkshire
S75 3SP United Kingdom
Page 5 of 5
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
Kunkle
— 4,022(1) 321,750(1) 643,500(1) — — — — —
— 28,875(2) 231,000(2) 462,000(2) — — — — —
2/17/2023 — — — 7,083(3) 21,250(3) — 42.93 269,117
11/1/2023 — — — (4) (4) — 42.93 95,223
11/1/2023 — — — (4) (4) — 52.64 27,135
11/1/2023 — — — (4) (4) — 42.27 5,130
2/17/2023 — — — — — 6,300(6) — 270,459
11/1/2023 — — — — — (7) — 151,675
11/1/2023 — — — — — (7) — 69,605
11/1/2023 — — — — — (7) — 15,354
R.M.
3) On November 1, 2023, Ms.
Balance at
12/31/2022(1)
Contributions
in Last FY(2)
Registrant
Contributions
in Last FY(3)
Earnings
in Last FY(4)
Withdrawals/
Distributions
Balance at
Last FYE(1)(5)
A.K.