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
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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
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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.
Packaging and
Packaging Waste Directive)
Sources: UN Environment Programme; Deloitte; McKinsey & Company;
European Commission: Environment
SOLVING CHALLENGES IN KEY END MARKETS
Avient Corporation 33
Transportation
VOC reduction
Bio-based content
Eco-conscious
Food waste reduction
Sustainable
Infrastructure
Eco-conscious
Resource conservation
HOW AVIENT INNOVATION ENABLES SUSTAINABLITY
Avient Corporation 34
Solutions to increase recycled
content and minimize plastic waste
Solutions to reduce weight and
energy consumption
Solutions to preserve and protect
natural resources & human life
HOW WE ENABLE SUSTAINABILITY
Renew
Michael Garratt
Senior Vice President, President of Color, Additives and Inks – EMEA
Avient Corporation 35
RENEW
Avient Corporation 36
• Meet Aggressive Sustainability Goals - While brand owners have made
strong, public sustainability commitments – many are currently trailing far
behind goals
• Develop Strategies to Minimize Plastic Waste - Plastic waste remains
a global priority with consumers and legislatures – forcing brand owners to
implement tangible mitigation strategies
• Increase Post Consumer Recycle (PCR) Utilization & Post
Consumer Recycle Availability - Increasing the use of PCR is far more
challenging than many companies had anticipated
• Meet Legislation Requirements - Legislatures are drafting financial
penalties for companies unable or unwilling to meet post-consumer recycled
content targets
Solutions to increase
recycled content and
minimize plastic waste
PLASTICS ARE PART OF THE SOLUTION
Avient Corporation 37
Source: Franklin Associates / American Chemistry Council
PLASTIC ALTERNATIVE PACKAGING (GLASS + ALUMINUM + PAPER)
2x More energy
3x More greenhouse
gas emissions
5x More waste
6x More waterWater
Waste
Emissions
Energy
BRAND OWNER PROGRESS AGAINST COMMITMENTS
39%
29%
37%
16%
6%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0%
Brand Owner 1
Brand Owner 2
Brand Owner 3
Brand Owner 4
Brand Owner 5
Brand Owner 6
Brand Owner 7
Brand Owner 8
Brand Owner 9
Brand Owner 10
Percent Recycled Plastic Used
Progress through 2022
Gap to reach 2025 targets
Source: Ellen MacArthur Foundation 2022
Avient Corporation 38
Color
Management
Maintaining
Mechanical
Properties
Decontamination Mono-Material
Construction Consistent Quality
TOP 5 GAPS TO RECYCLE CONTENT UTILIZATION
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Avient Corporation 40
Food & Beverage Packaging
2022 Revenue: $43M
Taste and Odor Management
ColorMatrix™ AAnchor Scavenger
• Improves recyclability
• Reduces regulatory risk from migration issues
ACETALDEHYDE REDUCTION Recyclable Oxygen Barrier
ColorMatrix™ Capture ™ Oxygen Scavenger
• Protects recyclate - maintains clarity with no
discoloration
• Enables higher rPET content utilization
rPET UTILIZATION
Food & Beverage Packaging
2022 Revenue: $88M
PCR Performance Additives
ColorMatrix™ SmartHeat™
• Lowers energy use - CO2 Emissions
• Reduces yellowing and thermal instability
• Enables increased use of rPET
• Minimal impact on part color
35%
LOWER CARBON EMISSIONS
THINNER WALLS
Reduced Wall Thickness Packaging
ColorMatrix™ Ultimate™UV Light Barrier Stabilizer
Cesa™ Light Additives
• Protects ingredients from UV degradation
• Enables reduced wall thicknesses
• No negative effect on recycling
Increased Recycle Content
ColorMatrix™ Process Aid and Toner for
Recycled PET (rPET)
• Improves ability to recycle PET
• Enables higher percentages of recycled content
• Provides superior aesthetics
• Prevents degradation of physical properties
ENHANCES RECYCLING
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Avient Corporation 42
Design for Recycling
CycleWorks™ Center for Mechanical Recycling
• Recycling trials and field testing
• Solutions evaluation and screening
• Customer collaboration
EXPANDS PCR USAGE
PCR Color Prediction Service
• Enables use of lower-quality PCR
• Predicts achievable colors
• Increases PCR utilization rates
• Helps brands to achieve PCR usage goals
CONSUMERS:
CHOOSE BASED ON COLOR
CycleWorks™ Center
Milan, Italy
Additives for Recycling
2022 Revenue: $50M
Stabilization During Recycling
Cesa™ A4R Additives for Recycling
• Enables multi-loop recycling
• Stabilizes recyclate during processing
• Reduces discoloration, gels, and black spots
PCR UTILIZATION
ENABLES
Personal Care Packaging
New Product
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Bio-Based Phone Case
reSound™ OM BIO-based Thermoplastic Elastomers
• Derived from non-fossil-based raw materials
• Good property retention and UV resistance
BIO-BASED CONTENT
Avient Corporation 44
High PCR Content Razor
reSound™ Recycled Thermoplastic Elastomers
• Excellent processability
62%
2022 Revenue: $1M
Carbon Footprint Analysis
Carbon Footprint Mapping Service
• Provides input metrics for independent brand
carbon footprint calculations
• Aligns with a defined ISO standard, certified by
TUV Rhineland
ENABLES
CARBON AWARENESS
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2022 Revenue: $1M
Portable Power Station
Nymax™ Recycled Nylon
• Recycle content up to 60%
• Excellent weathering performance
• Reduces weight
Swim Goggles
reSound™ BIO Thermoplastic Elastomers
• Performs like traditional TPE
35 - 70%
BIO-RENEWABLE CONTENT
Avient Corporation 46
2022 Revenue: $3M
Off Road Vehicle Structural Components
Nymax™ REC Reinforced Nylon
• Replaces steel/aluminum
• Excellent fatigue resistance
INCORPORATES
Avient Corporation 47
“Avient’s bio-circular materials for our Biofuse 2.0 goggles are a real game changer that
will set Speedo apart from the competition - and will support our aim of reducing
environmental impact.”
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale in Turkey.pdf
The
parties agree that Seller need not further object to
any specific terms and conditions set by Buyer;
such failure to object to Buyer’s specific terms and
conditions is not an acceptance of any such terms
and conditions.
Buyer shall
have no right of set-off.
Buyer shall not use Seller’s name or
trademarks in any advertisements, product
descriptions, packaging materials, websites, or
any other promotional materials, except with the
prior written consent of Seller.
18.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Sweden.pdf
The par-
ties agree that Seller need not further object to any specific
terms and conditions set by Buyer; such failure to object to
Buyer’s specific terms and conditions is not an acceptance of
any such terms and conditions.
Buyer shall have no right of set-off.
Buyer shall not use Seller’s name or trademarks
in any advertisements, product descriptions, packaging materi-
als, websites, or any other promotional materials, except with
the prior written consent of Seller.
18.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for the Kingdom of Saudi Arabia.pdf
The
parties agree that Seller need not further object to any specific terms and
conditions set by Buyer; such failure to object to Buyer’s specific terms
and conditions is not an acceptance of any such terms and conditions.
Buyer shall have no
right of set-off.
Buyer shall not use Seller’s name or trademarks in any
advertisements, product descriptions, packaging materials, websites, or
any other promotional materials, except with the prior written consent of
Seller.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Guatemala %28English and Spanish Translation%29.pdf
The parties agree that Seller
need not further object to any specific terms and
conditions set by Buyer; such failure to object to
Buyer’s specific terms and conditions is not an
acceptance of any such terms and conditions.
Buyer shall
have no right of set-off.
Buyer shall not use Seller’s name
or trademarks in any advertisements, product
descriptions, packaging materials, websites, or
any other promotional materials, except with the
prior written consent of Seller.
18.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Brazil %28English and Spanish Translation%29.pdf
The parties agree that Seller need
not further object to any specific terms and conditions
set by Buyer; such failure to object to Buyer’s specific
terms and conditions is not an acceptance of any such
terms and conditions.
Buyer shall have no right of set-off.
Buyer shall not use Seller’s name or
trademarks in any advertisements, product
descriptions, packaging materials, websites, or any
other promotional materials, except with the prior
written consent of Seller.
18.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Chile %28English and Spanish Translation%29.pdf
The parties agree that Seller need not
further object to any specific terms and conditions
set by Buyer; such failure to object to Buyer’s
specific terms and conditions is not an acceptance of
any such terms and conditions.
Buyer shall have no
right of set-off.
Buyer shall not use Seller’s name or
trademarks in any advertisements, product
descriptions, packaging materials, websites, or any
other promotional materials, except with the prior
written consent of Seller.
19.
https://www.avient.com/sites/default/files/resources/Gabelli%2520Conf%2520-%2520POL%2520IR%2520Presentation%2520wNon%2520GAAP%2520Reconciliation%252003%252026%252015.pdf
Adjusted EPS 2006Y* 2007Y* 2008Y* 2009Y* 2010Y 2011Y 2012Y 2013Y 2014Y
Net income attributable to
PolyOne common
shareholders $ 130.9 $ 40.9 $ (417.0) $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0
Joint venture equity
earnings, after tax (68.5) (26.1) (20.8) (19.0) (14.7) (3.7) - - -
Special items, after tax (21.2) 41.4 310.0 (31.0) 15.8 (30.5) 35.7 30.4 101.0
Tax adjustments (30.0) (30.7) 147.2 (44.9) (88.3) (42.3) 0.5 2.2 (10.5)
Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5
Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3 89.8 96.5 93.5
Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principal or discontinued operations.
https://www.avient.com/sites/default/files/2023-04/Avient_supplierFAQ.pdf
We want to confirm we have your most updated contact
information and make sure you are fully set up and linked to our Coupa account.
https://www.avient.com/sites/default/files/2021-11/artisan-ar7300-pre-colored-formulation-processing-guide.pdf
Sink Marks
Melt too hot
Insufficient
material volume
• Increase shot size
• Increase packing pressure
Part geometry
too thick
• Reduce wall thickness
• Reduce rib thickness
Flash
Injection pressure
too high
• Decrease injection pressure
• Increase clamp pressure
• Increase transfer position
Excess
material volume
• Decrease pack pressure
• Decrease shot size
Melt and/or mold
temperature too hot
Loose clamp
• Reset mold height
• Increase clamp tonnage
Shrink
Too much shrink
• Increase cooling time
Too little shrink
• Decrease cooling time
Burning
• Reduce decompression
• Clean, widen and increase number of vents
• Increase gate size to reduce shear
Wet material • Verify material is dried at proper condition
Nozzle Drool
Nozzle temperature
too hot
• Decrease nozzle temperature
• Decrease back pressure
• Increase screw decompression
• Verify material has been dried at proper conditions
Incorrect nozzle • Use reverse taper tip
Weld Lines
Melt front
temperatures are
too low
• Increase pack and hold pressure
• Increase gate size
• Identify end of fill pattern and verify proper
vent location
• Add vents or increase vent width
• Move gate location
Warp
• Reduce injection speed
• Increase pack pressure
• Increase pack time
• Increase cool time
Mold design • Non-uniform mold cooling
Part design • Non-uniform wall thickness
Thermolator incorrect
temperature
• Check settings
• Inspect thermocouple
Sticking in Mold
Overfilled cavity
• Decrease injection rate and pressure
• Decrease hold pressure
• Decrease cooling time
Part too hot
• Decrease barrel temperature
• Increase cooling time
• Increase draft angle
• Polish cores in direction of ejection
Black Specks
Contamination • Purge machine
Degradation
• Reduce melt temperature
• Reduce screw speed
• Reduce back pressure
Machine related • Check for wear on screw, barrel or check ring
Delamination
• Purge barrel to eliminate material contamination
• Reduce sharp corners in material flow path
• Increase venting
Discoloration
Oversheared material
• Decrease melt temperature
• Reduce residence time
Mold design • Increase gate sizing
Dry material
• Check moisture of material to ensure it is within the
recommended moisture percentage for molding
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