https://www.avient.com/resources/safety-data-sheets?page=2665
PX-20482-B YELLOW CHROME FREE
PX-11502-B SG COLOR 9422-SCFF
PX-11501-B SC SIGNAGE PLASTISOL
https://www.avient.com/resources/safety-data-sheets?page=6845
MONUMENT GREY B-469 HM-V3
MONUMENT GREY B-469 HM-V4
R59 NCS 0502-B WHITE
https://www.avient.com/resources/safety-data-sheets?page=331
PX-30044-B DARK GREEN FILTER PLASTISOL
PX-20415-B GOLD PLASTISOL
PX-20441-B BLUE PUFFER PLASTISOL
https://www.avient.com/resources/safety-data-sheets?page=5800
SC-2300 G TAN, PART B
SC-2307 G TAN, PART B
SC-2318 G TAN, PART B
https://www.avient.com/news/polyone-announces-ceo-succession
Newlin to Retire as CEO, Remain Executive Chairman of the Board; Robert M.
CLEVELAND - PolyOne Corporation (NYSE: POL), a premier provider of specialized polymer materials, services and solutions, today announced that its Board of Directors has appointed Robert M.
Patterson joined PolyOne in 2008 as senior vice president and chief financial officer, where he was responsible for global treasury, planning, M&A, accounting, internal audit functions, and investor relations.
https://www.avient.com/sites/default/files/2021-08/baby-bottle-one-page-case-study.pdf
BA B Y B OT T L E
M A N U FAC T U R E R
I N F A N T M I L K B O T T L E S
• Compliant with FDA food contact and China National
Standard GB 9685
• Able to withstand repeated steam sterilization
• Transparent for more pleasing appearance and easy
identification of measurement lines
• Good impact resistance
• Developed formulation to comply with both
FDA and GB 9685
• Provided material able to withstand
repeated steam sterilization and maintain
excellent mechanical performance
• Achieved a more pleasing color and clarity
to enhance measurement lines
• Met the need for impact resistance
Colorant Chromatics™ PPSU Precolor
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
NYSE: AVNT)
AVIENT CORPORATION
I N V E S T O R M E E T I N G S
M A Y 2 0 2 2
D I S C L A I M E R
2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
43
Capex / Revenue
2022E (%)
AV I E N T I S A S S E T L I G H T
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
2
3
2 2
2
3
4
3 3
5
5
7 7
8
11
A
vi
en
t
A
vi
en
t P
F
F
U
L
K
W
R
P
P
G
R
P
M
A
V
Y
F
M
C
H
U
N
H
X
L
E
C
L
E
M
N
C
E
A
S
H
S
C
L
Source: Peer data per Bloomberg market data as of April 21, 2022.
Source: Peer data per Bloomberg market data as of April 21, 2022
86
82
86 86 84
78 77
89 86
81 80
76 76 76
67 67
11
(12)
A
vi
en
t
A
vi
en
t P
F
F
U
L
K
W
R
P
P
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R
P
M
A
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V
R
B
N
R
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U
N
H
X
L
E
C
L
C
E
A
S
H
E
M
N
S
C
L
A
LB
12%
18%
16% 15% 15% 14% 14%
28% 28%
26%
25%
22% 21% 19%
16%
12%
9% 9%
A
vi
en
t T
od
ay
A
vi
en
t P
F
A
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Y
P
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K
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FU
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E
A
LB
FM
C
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N
H
X
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S
C
L
B
N
R
U
N
V
R
Median: 21%Median: 15%
2 0 2 2 E B I T DA M A RG I N S V S .
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
W H AT W E D O : W E A R E A F O R M UL ATO R
6
CUSTOM
FORMULATION
M AY 3 , 2 0 2 3
W E B C A S T
Keeping Safety First
o Relentless focus on best-in-class safety performance as an
ACC Responsible Care® organization
Exceeding Customer Expectations
o Complementary technologies and customer relationships offer
opportunity for future revenue synergies
o Proven innovation-led commercial strategy with strong brands
and participation across the full value chain
Collaboration in Innovation
o Leveraging Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight and high
performance applications
People – Culture is Everything
o Talented, passionate and collaborative associates drive an
effective integration strategy
o Strong Great Places to Work® scores reflect positive
integration efforts in first year
AVI E N T P ROT EC T I VE MAT ER I A L S I N T EG R ATI O N
8
AVI ENT PROTEC TI VE MATERI ALS
K E Y I N D U S T R I E S
PERSONAL PROTECTION
Military • Law Enforcement • First
Responders • Body Armor • Helmets •
Vehicle Protection
50%
MARINE & SUSTAINABLE
INFRASTRUCTURE
Towing / Mooring • Aquaculture •
Floating Wind • Offshore Cranes
30%
CONSUMER
Consumer • Outdoor High Performance •
Safety Equipment
20%
9
Figures reflect approximate proportions of 2022 sales
Q 1 P E R F O R M A N C E
Q1 2023 PERFORMANCE VS.
GUIDANCE
( T O TA L C O M PA N Y )
11
$845 $846
Guidance Actual
$125
$134
Guidance Actual
Sales Adjusted EBITDA
(in millions)
$0.55
$0.63
Guidance Actual
Adjusted EPS
(in millions)
Q1 2023 PERFORMANCE VS.
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
2023E(%)
37
79
89
83 81
76
73
90
82
77 76 74
70
58
22
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
A
V
Y
R
P
M
F
M
C
C
E
H
X
L
A
S
H
E
C
L
H
U
N
E
M
N
S
C
L
M U LT I P L E E X PA N S I O N
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of May 31, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $36.50.
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
D
is
t.
)
K
W
R
P
P
G
F
U
L
R
P
M
A
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U
N
H
X
L
S
C
L
E
C
L
E
M
N
C
E
A
S
H
Source: Peer data per Bloomberg market data as of February 15, 2022.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
H I G H F R E E C A S H F L OW
C O N V E R S I O N
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
A
vi
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n
t
K
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C
L
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A
S
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M
N
S
C
L
A
L
B
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.
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
5.4
8.5
10.1 10.0
15.7
15.0
14.2
12.7
10.2
25.0
19.7
17.7
13.2
12.3
10.0 9.9
8.9 8.5 8.3
6.6
A
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t
(2
0
1
1
)
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(2
0
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6
)
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(2
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1
)
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t
(T
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M
C
B
N
R
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M
N
U
N
V
R
C
E
S
C
L
H
U
N
Historic Multiple
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
W H AT W E D O : M AT E R I A L S C I E N C E
5
CUSTOM
FORMULATION
F E B R U A R Y 1 5 , 2 0 2 3
W E B C A S T
Q4 2022 VS.
GUIDANCE
( T O TA L C O M PA N Y P R O F O R M A )
7
$100
$107
Guidance Pro Forma
$0.33
$0.42
Guidance Pro Forma
Adjusted EBITDA Adjusted EPS
(in millions)
$200
$293
Guidance Actual
Free Cash Flow
(in millions)
FY 2022 VS.
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
2023E(%)
31
79
87
81 79
76
73
90
77 76 75 73
64
59
33
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
A
V
Y
R
P
M
F
M
C
C
E
A
S
H
H
X
L
E
C
L
H
U
N
E
M
N
S
C
L
M U LT I P L E E X PA N S I O N
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of February 13, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $38.89.