https://www.avient.com/sites/default/files/2021-05/2021-colormatrix-quick-guide-to-liquid-color.pdf
Importantly these advances also
now allow color to be combined with
additional functional additives without
impacting process stability.
At four global
ColorWorks centers, teams of experts work to establish
high-impact color concepts at the earliest stages of
product development to help you heighten shelf
impact, differentiate brands, control costs and time-
to-market, and manage color across multiple resins all
around the world.
Some key questions to consider when implementing liquid color:
• Is your colorant addition negatively impacting or enhancing
your process efficiency?
https://www.avient.com/industries/healthcare/remote-monitoring-wearables/continuous-glucose-monitors-cgm
High-performance thermoplastics with excellent chemical resistance, UV-blocking capability, and good impact performance for durability; available in natural grades, standard medical colors, or custom pre-colored products.
Manufacturer boosts disinfectant resistance for medical device housings using Trilliant HC High Performance Formulations
Looking for excellent chemical resistance high performance applications?
https://www.avient.com/industries/consumer/consumer-discretionary/outdoor-recreation/powersports
High-performance outdoor products require innovative materials.
Discover how to boost impact resistance, amp up aesthetics, inject comfort, or revolutionize a standard design
High-Gloss Pre-Colored Polymers: Artisan™
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-rec-polymer-colorants
Reduces Environmental Impact
Impact
Looking for new ways to lower environmental impact and improve sustainability?
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/colormatrix-eze-slip-agent-pet
During processing, surface static charges can build and impact the frictional behavior of parts.
Impact
Important information about the health, safety and environmental impacts of Avient products.
https://www.avient.com/sites/default/files/2021-04/additives-listing.pdf
IV builders can help to reverse
the impact.
Recognized by APR for having no negative
impact on the recycling stream.
Impress™ High Gloss Metallic Effect - High gloss, metallic
effect colorants that impart a brilliant sheen while limiting
flow lines.
https://www.avient.com/investor-center/news/avient-announces-fourth-quarter-and-full-year-2024-results
Impact on cost of sales
Impact on operating income
Impact on other income, net
https://www.avient.com/sites/default/files/2023-03/Application Snapshot Intraoral Scanner.pdf
SURGICAL
INSTRUMENT OEM
I N T R A O R A L S C A N N E R
• Chemical and impact resistance
• Customized pre-colored solutions
• Color and dimension stable after sterilization
• Minimum color deviation and easy to process
• Technical support and color expertise
• Offered bright white and customized pre-
colored formulations in PPSU and PSU for
intraoral scanner head and body parts
• Provided a solution that can withstand up to
1,000 cycles autoclave, with good chemical
and excellent impact resistance
• Met customer request for color stability after
processing and biocompatible compliance
Transcend™ Premier Healthcare Colorants
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/polymer-colorants/high-temperature-color-concentrates/colorant-chromatics-transcend-premier-healthcare-colorants
https://www.avient.com/sites/default/files/2022-03/Dental Scaler Application Snapshot.pdf
SURGICAL
INSTRUMENT OEM
D E N T A L S C A L E R
• Attain an extreme white color to appear hygienic and
aesthetically pleasing
• Ability to laser mark the brand
• Maintain impact resistance
• Achieved a clean, bright white color that
provided a more pleasing experience for
patients
• Allowed scaler to be laser marked for brand
identification
• Met the need for impact resistance and
successfully passed the drop test
requirements
Transcend™ Premier Healthcare Colorants
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/polymer-colorants/high-temperature-color-concentrates/colorant-chromatics-transcend-premier-healthcare-colorants
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
FX)
2022 GROWTH PROJECTIONS
19
$3.05
$3.50
2021 2022E
Full Year – Adjusted EPS
+ 15%
(+ 17% excluding FX)
$0.89
$0.95
2021 2022E
Q1 – Adjusted EPS
+ 7%
(+ 10% excluding FX)
($ millions) Q1 Full Year Q1 Full Year
2021 - Actual 1,162$ 4,819$ 123$ 429$
Sustainable Solutions 27 110 12 44
Healthcare 15 66 4 13
Composites (excl.Outdoor High Performance) 11 29 5 13
Outdoor High Performance Applications (7) (20) (4) (10)
Growth in Asia / LATAM 10 51 3 11
Other 57 115 9 12
Sub-total 1,275$ 5,170$ 152$ 512$
Wage Inflation and Overtime (12) (18)
Other Supply Chain Costs (4) (7)
FX Impact (25) (70) (4) (8)
Synergies 4 15
Travel, Other Employee Costs (1) (4)
2022 - Estimated 1,250$ 5,100$ 135$ 490$
Adjusted
2022 SALES AND OI – Q1 AND FULL YEAR
20
($ millions) 2021 2022E
Cash Flow from Operating Activities 234$ 385$
Less:
Run-Rate CapEx (86) (90)
CapEx for Clariant Integration (15) (20)
CapEx for IT System Upgrade - (25)
Total CapEx (101) (135)
Free Cash Flow 133$ 250$
Adjusted EBITDA 581$ 635$
Net Debt / Adjusted EBITDA 2.2x 1.8x
21
CASH FLOW / LEVERAGE
22
• Record results – highest level of sales ($4.8B) and earnings
($3.05 adjusted EPS) in company history
• Successful Clariant Color integration – net debt to adjusted
EBITDA reduced to 2.2x, one-year ahead of schedule
• Recognized as one of America’s Most Responsible Companies
by Newsweek
• Earned 3rd consecutive Great Place to Work certification
2021 HIGHLIGHTS
23
• 15% adjusted EPS growth to $3.50, led by growth in sustainable
solutions and increased synergy realization
• Continued strong synergy capture from the Clariant Color integration:
$75M anticipated run-rate synergies by the end of 2022
• Adjusted EBITDA of $635M represents 9% growth above 2021 –
11% excluding the impact of foreign currencies
• Deleveraged to 1.8x net debt to adjusted EBITDA by the end of 2022
2022 SUMMARY
PEER COMPARISONS
25
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
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.
We also monitor earnings (defined as net income from continuing operations) before interest,
taxes, depreciation and amortization (EBITDA) and adjusted EBITDA (EBITDA before the impact of special items) as a
supplement to our GAAP measures.