https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
https://www.avient.com/investors
https://edge.media-server.com/mmc/p/xkwywv44
https://www.avient.com/investors
https://register.vevent.com/register/BI3163094c31c24a9680e9118cec4f9167
https://www.avient.com/investors/events-presentations
https://www.avient.com/news
4
About Avient
Avient Corporation (NYSE: AVNT) provides specialized and sustainable material solutions that
transform customer challenges into opportunities, bringing new products to life for a better world.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
Over
the last three years, PolyOne has outperformed each
company in the S&P Mid Cap Chemicals index, in
terms of cumulative total return to shareholders.
PolyOne Stock Performance
The following is a graph that compares the cumulative total shareholder returns for PolyOne’s common shares, the S&P 500 index and the
S&P Mid Cap Chemicals index, with dividends assumed to be reinvested when received.
The S&P Mid Cap Chemicals index includes a broad range of chemical manufacturers.
https://www.avient.com/sites/default/files/2023-09/Avient Sustainability Day 2023 - Website %289.19%29.pdf
DISCLAIMER
Avient Corporation 3
Avient Corporation 4
Welcome
Chairman, President, and Chief Executive Officer
INTRODUCTION
Sustainability for a Better Tomorrow
Senior Vice President and Chief Financial Officer
Avient Corporation 5
WE ARE A FORMULATOR
CUSTOM
FORMULATION
Avient Corporation 6
Avient Corporation 7
WE ARE INNOVATORS
2,500+
ACTIVE PATENT
FILINGS WORLDWIDE
1,100+
RESEARCH AND
DEVELOPMENT ASSOCIATES
>85% Stage-gate technology projects
enable sustainable solutions
INDIA INNOVATION CENTER
33%
2022 VITALITY
INDEX
140+
MATERIAL SCIENCE
PhD ASSOCIATES
Avient Corporation 8
3% 3%
5%
Avient Specialty Formulators Other Specialty /
Chemical Companies
CAPEX / Revenue
2023E
Global footprint enables greater flexibility to exceed
needs of customers and deliver localized technical
and formulation expertise
9
36
24
Manufacturing Locations by Region
WE ARE ASSET LIGHT
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA
Avient Corporation 9
Asset-light flexibility
enables more nimble
manufacturing capabilities
and lower overhead
Periods of economic
weakness have driven
higher levels of cash
generation due to working
capital improvement
PROVEN TRACK RECORD OF HIGH FREE CASH FLOW CONVERSION
80% 80%
81%
84%
83%
79%
50%
70%
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E
150
200
250
300
350
400
Fr
ee
C
as
h
Fl
ow
C
ve
rs
io
Fr
ee
C
as
h
Fl
ow
FCF $ AVNT FCF Conversion % S&P FCF Conversion %
2 Recent Divestitures - Combined $1.7B in Proceeds
PORTFOLIO EVOLUTION
Avient Corporation 10
Combined $3.6B Investment in Acquisitions Since 2016
Color Business
Distribution
2016 2022
PORTFOLIO TRANSFORMATION
46%
87%
0%
20%
2005 2010 2015 2020 2023
%
o
f A
dj
us
te
d
EB
IT
DA
Commodity JVs Distribution Performance Products & Solutions Specialty Businesses
Adjusted EBITDA from Specialty Applications
Avient Corporation 11
END MARKET TRANSFORMATION
Defense
Avient Corporation 12
8%
23%
4%
2006 2023E
Other
Industri
es
22%
56%
14%
43%
9%
2006 2023E
Reduced Exposure to Cyclical End Markets End Market Diversification
Transportation
Building &
Construction
57%
Defense
IMPROVING PROFITABILITY AND EXPANDING MARGINS
Avient Corporation 13
Adj.
Manager Equipment Control - KLM-Martinair
Avient Corporation 60
18
27
5
10
15
25
45
2023 2026 2029 2032
EMEA APAC Americas
11% CAGR
38
49
53
58
45
55
2023 2026 2029 2032
Source: NHTSA, Reuters Source: BloombergNEF
Global Offshore Wind Installations
M
ile
s P
er
G
lo
An
nu
In
st
la
tio
ns
(i
n
Gi
ga
w
at
ts
)
1.
https://www.avient.com/investor-center/news/avient-announces-record-third-quarter-2021-results
The webcast can be viewed live at avient.com/investors, or by clicking here: https://edge.media-server.com/mmc/p/yrq7mgm9.To participate in the audio-only portion of the call, dial 1-844-835-7433 (domestic) or 1-914-495-8589 (international) and provide conference ID number 7899765.
https://www.avient.com/investor-center/news/avient-announces-record-first-quarter-2021-results-increases-full-year-guidance
The webcast can be viewed live at avient.com/investors, or by clicking here: https://edge.media-server.com/mmc/p/eaivs28r.
https://www.avient.com/investor-center/news/avient-announces-record-second-quarter-2021-results-increases-full-year-guidance
The webcast can be viewed live at avient.com/investors, or by clicking here: https://edge.media-server.com/mmc/p/p4owuchb.
https://www.avient.com/investor-center/news/avient-announces-fourth-quarter-and-full-year-2020-results-and-provides-guidance-2021
The webcast can be viewed at avient.com/investors, or by clicking here: https://edge.media-server.com/mmc/p/ko4y5g9z.
https://www.avient.com/knowledge-base/article/what-s-difference-fillers-reinforcements?ind[]=21508
P.
https://www.avient.com/investor-center/news/avient-announces-record-fourth-quarter-and-full-year-2021-results
The webcast can be viewed live at avient.com/investors, or by clicking here: https://edge.media-server.com/mmc/p/k7okojz2.
https://www.avient.com/knowledge-base/article/what-s-difference-fillers-reinforcements
P.