https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_SVE2.pdf
Det är
viktigt att vi beaktar hur vi kommer att fortsätta att ha framgång och
växa så att den affärspraktik vi använder omfattar våra värderingar.
Vi måste även efterleva lagarna, reglerna och regleringarna i varje
land där vi gör affärer.
Vi
behöver visa dessa värden i vår växelverkan med dem med vilka
vi arbetar, våra kunder och leverantörer och inom de samhällen
där vi bor.
https://www.avient.com/sites/default/files/2024-06/Cesa Flame Retardant Product Selection Guide %281%29.pdf
POLYMER PRODUCT NAME PROPERTY PERFORMANCE TYPE DOSAGE/
LDR
MATERIAL
CODE
ABS FRABS92991 UL 94 Halogen 35% CC10292991WE
ABS FRABS52399 UL 94 Halogen 5–14% CC10252399WE
HDPE Cesa Flam MB 5101AH UL 94 Halogen 7–16% PEAN698479
Nylon Cesa Flam MB 5728H UL 94 Halogen 8–14% ABA0698450
Nylon Cesa Flam MB 5731NH UL 94 Non-halogen 8–20% ABAN698410
PC Cesa Flam NCA0820018NH UL 94 Non-halogen 2–4% NCA0820018
PC NCAN-Z0N-FN FLMRET 698419 UL 94 Non-halogen 3–8% NCAN698419
PE FRPE94802 ASTM E84 Non-halogen 100% CC103094802F
PE FRPE41011 UL 94 Halogen 20–30% CC1034101160
PET Cesa Flam MB 5525NH UL 1441, UL 94 Non-halogen 6–8% NEAN698534
PET FRPET65462 UL 94 Non-halogen 5–12% CC103265462F
PET/ PBT Cesa Flam MB 5532NH NFPA 701 Non-halogen 4–6% NBAN698451
PP Cesa Flam MB 5201H UL 94 Halogen 6–30% PPAN698410
PP Cesa Flam MB CT-1629NH Cal TB 133, UL 94 Film, NFPA 701 Non-halogen 6–8% PPAN698428
PP FRPP365370 UL 94 Non-halogen 10–20% CC103653702F
PP Copolymer FRPP37654 UL 94 5VA Halogen 100% CC10337654WE
PP Copolymer FRPP53484 UL 94 Halogen 10% CC1035348460
PS FRPS62722 ASTM E84 Halogen 2–4% CC10262722WE
PS/HIPS Cesa Flam SLA0820014H UL 94 Halogen 4–8% SLA0820014H
TPU Cesa Flam 98461NH UL 94 Non-halogen 6–14% RUA0698461
F-SERIES FLAME RETARDANT ADDITIVES
HDPE/PE F-Series UL 94 Non-halogen 10–25% PEA0820024
PE F-Series UL 2335, FM 4998 Non-halogen 10–25% PEA0820069
https://www.avient.com/sites/default/files/2024-02/CAI W_C Colorants and Additives for TPU Product Bulletin _A4.pdf
The inclusion of these additives
can help a cable to pass flame resistance tests,
even if the resin originally used is not flame
retardant
• Cesa™ Light Additives: UV light stabilizers that
improve weather resistance and provide long
term protection against weather degradation
• Semi-conductive TPU formulations to
enhance cable performance
• Cesa™ Laser Additives: Includes laser-marking
additives for durable cable marking.
https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
WHAT WE DO: MATERIAL SCIENCE
5
CUSTOM
FORMULATION
M AY 3 , 2023
W EB CAS 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
AVIENT PROTECTIVE MATERIALS INTEGRATION
7
AVIENT PROTECTIVE MATERIALS
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
8 Figures reflect approximate proportions of 2022 sales
Q 1 P ER FO RM A N CE
Q1 2023 PERFORMANCE VS.
FX -11%
FX -3%
Total Avient -14%
YoY Comparison against 2022 pro forma results
• Aging infrastructure driving need for greater
technological advancements and upgrades
• Increased focus on strength and capacity
of electrical grid plays into further adoption
of composites into the market
UV, weather-resistance, customized
capabilities
Best-in-class customer responsiveness
Local high-quality manufacturing,
unparalleled breadth of portfolio
Expanding position in insulators, utility
poles, crossarms, and wind energy
Avient Confidential 15
ENERGY
15
• Fiber-optic investments from AT&T, Corning,
Commscope continue to drive industry toward
innovation
• $42B BEAD program in Infrastructure Bill to
increase cable deployments; well-positioned to
capitalize on “Made in America” requirement and
“last mile” buildout
Flame retardance, weather-resistance enables
faster, safer, more reliable connections
Local manufacturing, unparalleled breadth of
portfolio
Expanding position in insulation for wire
jacketing, 5G buildout
TELECOMMUNICATIONS
Source: U.S.
National Defense
budget of $842 billion submitted to Congress
in Q1 2023
• European NATO members annual defense
spend expected to increase by up to 20%
Dyneema® is the world’s strongest fiber™
One of the highest strength to weight
ratios of any material on Earth
Direct relationships with industry leading
armor manufacturers
Resistant to most chemicals, UV, and
moisture to handle any environment
Avient Confidential 17
DEFENSE
Source: US Department of Defense, defense.gov, NATO17
Source:
TRANSPORTATION
• Increased EPA regulations requiring
improved fuel efficiency, enabled in part by
lower-weight vehicles
• Automakers preparing for 2/3 of U.S.
vehicles to be 100% electric by 2032
Lightweight panels that establish both
strength and stiffness resulting in
decreased energy usage, lower emissions
Long-lasting Color applications to resist
UV exposure, temperature fluctuations
and exceed the stylistic requirements of
global automakers
18
$130
$530
$0.60
$2.40
2023 GUIDANCE
19
Sales Adjusted EBITDA
$845
$3,400
Adjusted EPS
(in millions) (in millions)
CASH FLOW / LEVERAGE
20
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
LONG-TERM REVENUE GROWTH DRIVERS
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
21
Sustainable
Solutions
32%
Asia / LATAM
Composites
Other (GDP
Growth)
39%
• Virtual presentation to be held
September 20, 2023
• The company will be
conducting an investor-focused
presentation around our
sustainability solutions portfolio
Avient Confidential 22
SUSTAINABILITY
INVESTOR DAY
22
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTAINABILITY FOR A BETTER TOMORROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
23
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
$1,175M
Lightweighting
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Bio-polymers
SUSTAINABILITY NEEDS BY MARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
• Recycle Solutions
• Carbon Footprint
Packaging
• Recycle Solutions
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
24
INVESTING
IN INNOVATION
S U S T A I N A B I L I T Y P O R T F O L I O
25
AP P EN D IX
28
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
Pigments
12%
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
• Cost inflation
decelerating,
particularly for
hydrocarbon-based
raw materials
2022 pro forma results for the acquisition of Avient Protective Materials
SEGMENT DATA
U.S. & Canada
40%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
24%
Building and
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
9%
30
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
C O L O R , A D D I T I V E S & I N K S
2022 REVENUE | $2 .4 B ILL ION
34%
38%
END MARKET REGION
31
34%
21%
Building &
1% Energy
2%
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
52%
35%
REGION
32
19%
8%Industrial
9% Defense
Building &
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
27%
14%
17%
Building &
(37% of sales)Transportation
24%
12%
Building &
US &
Canada
(40% of sales)
56%
23%
Building &
1%
LATAM
(5% of sales)
3%
33
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
35
4 4
5 5 5
6
7
9
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.