https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
Avient corporation first quarter 2023 results
AVIENT CORPORATION
I N V E S T O R P R E S E N T A T I O N
(NYSE: AVNT)
F E B R UA RY 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.
For the same reasons, Avient is unable to address the probable significance of the unavailable information.
Three Months Ended
Year Ended
2023 2022 2023 2022
Sales:
Color, Additives and Inks $ 459.4 $ 490.8 $ 2,007.4 $ 2,355.0
Specialty Engineered Materials 259.8 300.8 1,138.2 1,044.4
Corporate (0.2) (1.2) (2.8) (2.5)
Sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9
Operating income:
Color, Additives and Inks $ 61.8 $ 44.3 $ 259.9 $ 301.0
Specialty Engineered Materials 29.4 35.2 142.5 140.1
Corporate (48.1) (79.1) (205.6) (197.8)
Operating income $ 43.1 $ 0.4 $ 196.8 $ 243.3
Other expense, net: $ 4.3 $ (28.4) $ 5.8 $ (59.7)
Depreciation & amortization:
Color, Additives and Inks $ 22.2 $ 25.2 $ 98.3 $ 101.3
Specialty Engineered Materials 19.8 20.3 81.5 48.7
Corporate 2.2 3.1 9.0 12.5
Depreciation & amortization $ 44.2 $ 48.6 $ 188.8 $ 162.5
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 84.0 $ 69.5 $ 358.2 $ 402.3
Specialty Engineered Materials 49.2 55.5 224.0 188.8
Corporate (45.9) (76.0) (196.6) (185.3)
Other expense, net $ 4.3 $ (28.4) $ 5.8 $ (59.7)
EBITDA $ 91.6 $ 20.6 $ 391.4 $ 346.1
Special items in EBITDA 22.3 86.8 110.4 162.5
EBITDA - excluding special items $ 113.9 $ 107.4 $ 501.8 $ 508.6
APM pro forma adjustments - 8 months 2022* — — — 83.1
Pro forma EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7
* Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
3
AVNT February IR Presentation.pdf
Avient corporation�investor presentation
DISCLAIMER
Slide Number 3
Creating a world-class�sustainable organization
Top-tier sustainability performance�and recognition
Slide Number 6
Slide Number 7
Portfolio transformation
Slide Number 9
END MARKET observations�(% of company sales)
Regional observations�(% of company sales)
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2023 segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 26
AVNT Q4 2023 Earnings Presentation.pdf
AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
IR Deck - AVNT-2023.12.31 (2.12.24 9PM Milestone February 12 0905 pm).pdf
Attachment
https://www.avient.com/news/avient-expands-long-fiber-composites-portfolio-using-recycled-content
Avient announces new long fiber reinforced composites formulated with post-industrial recycled resin content, for applications including office furnishings and outdoor adventure gear.
Media contact
Nicole DeChant
Avient Corporation
nicole.dechant@avient.com
Company Officers
https://www.avient.com/investor-center/news/polyone-announces-increase-quarterly-dividend
PolyOne Corporation
chairman, president and chief executive officer,
PolyOne Corporation
https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2019-results
PolyOne Corporation
Chairman, President and Chief Executive Officer,
PolyOne Corporation
https://www.avient.com/investor-center/news/polyone-announces-leadership-appointments
PolyOne Corporation
PolyOne Corporation
PolyOne Corporation
https://www.avient.com/investor-center/news/polyone-expands-specialty-color-and-additives-expertise-acquisition-iqap-masterbatch
PolyOne Corporation
PolyOne Corporation
PolyOne Corporation
https://www.avient.com/investor-center/news/polyone-iq-design-team-receives-gold-idea-award-social-impact
PolyOne Corporation
PolyOne Corporation
PolyOne Corporation
https://www.avient.com/investor-center/news/polyone-appoints-mark-crist-president-color-additives-inks-scott-horn-president-distribution
PolyOne Corporation
PolyOne Corporation
PolyOne Corporation
https://www.avient.com/news/polyone-helps-polycase-win-“ammo-year”-polymer-based-ammunition
We deeply value the unprecedented level of collaboration with PolyOne,” said Paul Lemke, founder and chief executive officer, PolyCase Ammunition.
Patterson, president and chief executive officer, PolyOne Corporation.
Company Officers
https://www.avient.com/investor-center/news/polyone-announces-commencement-650-million-senior-notes-offering
PolyOne Corporation
PolyOne Corporation
PolyOne Corporation