https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Presentation - Website.pdf
AVIENT CORPORATION
T H I R D Q U A R T E R 2 0 2 3 R E S U L T S
(NYSE: AVNT)
N OV E M B E R 2 , 2 0 2 3
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.
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.
2
O P E N I N G RE MARK S
B O B P A T T E R S O N
C H A I R M A N , P R E S I D E N T A N D C E O
Complementary technologies and
customer relationships offer opportunity to
advance commercial strategy
Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight
and high performance applications
AVIENT PROTECTIVE MATERIALS
FIRST YEAR
4
Composites comprises over half of
Specialty Engineered Materials,
compared to 9% in 2016
Proven history of success in areas
such as outdoor high performance,
defense and sustainable solutions
Composites
44%
56%
2023E
Sales
Collaboration & InnovationComposites as a % of SEM People & Culture
Talented, passionate, and
creative associates drive
continued integration success
and allow two cultures to come
together as one Avient
Lightweight Protective Laminates:
PROJECTILE PROTECTION
Dyneema® Fiber Solutions
Cushioning + Fit + Comfort:
LONG-TERM WEAR
reSound™ Versaflex™ Thermoplastic Elastomers
Strength + Durability + Light-Weighting:
SOLID MOUNTING BRACKETS
Nymax™ Bergamid™ Complēt™ Engineered Materials
Durability + Lubricity:
HELMET LATCHES
Lubri-One™ Internally Lubricated Polymers
Color Consistency and Weatherability
CUSTOMIZED SPECIFICATIONS
Avient Color and Additive Solutions
Antennae Performance
FAST, RELIABLE CONNECTIONS
PREPERM™ Low-Loss Dielectric Thermoplastics
AVIENT PROTECTIVE MATERIALS
CROSS SELLING OPPORTUNITIES
Wired Connections
CONSTANT COMMUNICATION
Syncure™ Cross-linkable Wire & Cable Formulations5
6
AVIENT PROTECTIVE MATERIALS
CROSS SELLING OPPORTUNITIES
6
Q 3 P E RFO RMAN CE
15.4%
16.3%
2022 PF 2023
Results vs.
GUIDANCE
$800
$754
$128
$123
Sales Adjusted EBITDA
$0.56 $0.57
Adjusted EPS
9
• Demand impacted by destocking
and cautious customer sentiment
• Positive net price benefit:
o CAI - Pricing flat and raw
material deflation
o SEM - Pricing flat with
unfavorable mix related to
healthcare, more than offset
with raw material deflation
• Cost reductions driven by Clariant
synergies and reduced
administrative costs
Q3 EBITDA BRIDGE
($ millions)
CAI:
Price / Mix -)
Deflation 22)
SEM:
Price / Mix (6)
Deflation 13)
Net Price Benefit 29)
Cost Reductions 13)
Wage Inflation (8)
FX 1)
Q3 2023 Actual $ 123)
Adjusted
EBITDA
Q3 2022 Pro Forma $ 137)
Demand (49)
10
2023 G U I DAN CE
Q4 2023 GUIDANCE VS.
https://www.avient.com/resources/safety-data-sheets?page=4362
PA6 G50 H natural.
XMAXXAM FR H6 GF/30 XF V0 NATURAL 70
Geon(TM) MB2992 Blue
https://www.avient.com/resources/safety-data-sheets?page=6513
PP NAVY BLUE 19-3832
BLUE 287C RCH04
XBERGAMID B70 G/MI40 H NATURAL 70
https://www.avient.com/resources/safety-data-sheets?page=5627
BEACH H&S PMS 441
BEACH H&S PMS 442
STAN-TONE DB-15597 HI LITE BLUE
https://www.avient.com/sites/default/files/2021-11/polyone-cr-sro-notarial-deed-name-change-to-avient-material-solutions-cr-sro-oct-27-2021.pdf
Petrem
Elšíkem, notářem se sídlem v Litoměřicích, na místě samém v sídle PRK Partners s.r.o. advokátní
kancelář, na adrese Jáchymova 26/2, Staré Město, 110 00 Praha 1, dle § 80a a násl. notářského řádu
o ----------------------------------------------------------------------------------------------------------------------
r o z h o d n u t í
valné hromady společnosti PolyOne ČR, s.r.o., identifikační číslo 26689537, sídlem Pobřežní
620/3, Karlín, 186 00 Praha 8, spisová značka C 87503 vedená u Městského soudu v Praze (dále
též „Společnost“), o změně obsahu společenské smlouvy (dále též „Rozhodnutí“), konané
dne 21.10.2021 v budově na adrese Jáchymova 26/2, Staré Město, 110 00 Praha 1. ------------------
I.
1.
Valná hromada Společnosti svým usnesením přijala toto ---------------------------------------
r o z h o d n u t í
o změně obsahu společenské smlouvy:
a)Společenská smlouva Společnosti se mění tak, že v článku prvním „Obchodní firma,
založení, vznik a právní forma společnosti“ odst. 1. a 2. nově zní takto: ----------------------
1.
Osvědčuje se, že rozhodnutí valné hromady dle článku III. bylo přijato a obsah rozhodnutí valné
hromady dle článku III., o němž byl notářský zápis sepsán, je v souladu s právními předpisy a
zakladatelským právním jednáním Společnosti v úplném znění. ------------------------------------------
Notář v souladu s §§ 70 a 70a notářského řádu činí toto vyjádření: ----------------------------
Předpoklady pro sepsání tohoto notářského zápisu byly splněny.
https://www.avient.com/resources/safety-data-sheets?page=3256
TPE DARK BLUE 80484
XMAXXAM PE GF/10 H-UV NATURAL 70
STAN-TONE DB-15597 HI LITE BLUE
https://www.avient.com/sites/default/files/2024-03/SEM Global Nylon Product Selection Guide_A4.pdf
NYLON
SOLUTIONS
ENGINEERED
THERMOPLASTICS
PRODUCT SELECTION GUIDE
Nylon (polyamide - PA) solutions from Avient include both prime Nymax™/Bergamid™ Polymer Formulations and
Nymax™ REC Recycled Nylon Formulations.
NYMAX/BERGAMID PRIME NYLON GRADES
The Nymax/Bergamid series of PA6 and PA66 polymers are
designed to meet critical performance requirements for
demanding applications.
Bergamid/Nymax
solutions meet stringent regulations in applications spanning
many industries, including transportation, appliance, and
electrical & electronics.
https://www.avient.com/resources/safety-data-sheets?page=5341
BLUE
PVC KENT GREEN U
PVC KENT PROCESS BLUE U
https://www.avient.com/resources/safety-data-sheets?page=447
66461SLNS YOGA PAD LC - PMS 646 U
BLUE 5000
STAN-TONE DB-15597 HI LITE BLUE
https://www.avient.com/news/premium-sporting-knife-manufacturer-relies-polyone’s-bergamid-nylon-extend-its-brand-message
Homepage
//
News Center
//
Premium Sporting Knife Manufacturer Relies on PolyOne’s Bergamid™ Nylon to Extend its Brand Message
Designers selected a custom grade of Bergamid™ high performance polymer from PolyOne for the sheath.
Photo Caption: Associates in adventure: the Avanona hunting knife and Bergamid high performance
polymer from PolyOne.