https://www.avient.com/sites/default/files/2022-03/Trilliant HC Electrically Conductive Formulations for Pipette Tips Application Bulletin.pdf
KEY PERFORMANCE PROPERTIES1
PHYSICAL NOMINAL VALUE UNIT TEST METHOD
Density/Specific Gravity 1.00 ASTM D792
Melt Mass-Flow Rate (MFR) (230°C/2.16kg) 20 g/10 min ASTM D1238
MECHANICAL
Tensile Strength 15.0 MPa ASTM D638
Flexural Modulus 1400 MPa ASTM D790
Flexural Strength 35.0 MPa ASTM D790
IMPACT
Notched Izod Impact (Injection Molded) 150 J/m ASTM D256
ELECTRICAL
Surface Resistivity < 100000 ohms/sq ASTM D257
PROCESSING INFORMATION
INJECTION NOMINAL VALUE UNIT
Drying Temperature 80 to 90 °C
Drying Time 4.0 to 6.0 hr
Processing (Melt) Temperature 220 to 250 °C
Mold Temperature 30 to 80 °C
Trilliant™ HC Electrically Conductive Formulations
for Precision Performance Pipette Tips
A critical design consideration for pipette tips is
the accurate measurement of finite amounts of
liquid.
https://www.avient.com/sites/default/files/2020-10/trilliant-xr-product-bulletin.pdf
PRODUCT BULLETIN
PROPERTY TEST METHOD TYPICAL VALUE
(ENGLISH)
TYPICAL VALUE
(SI)
Specific Gravity ASTM D-792 11.0 11.0
Tensile Modulus1 ASTM D-638 1.20E+6 psi 8270 MPa
Tensile Strength1 (Yield) ASTM D-638 3,950 psi 27.2 MPa
Flexural Modulus ASTM D-790 800,000 psi 5520 MPa
Flexural Strength ASTM D-790 7,000 psi 48.3 MPa
Notched Izod Impact2 ASTM D-256A 2.1 ft•lb/in 110 J/m
Deflection Temperature Under Load
66 psi (0.45 MPa), Unannealed,
0.250 in (6.35mm)
ASTM D-648 280°F 138°C
Deflection Temperature Under Load
264 psi (1.8 MPa), Unannealed,
0.250 in (6.35mm)
ASTM D-648 190°F 87.8°C
TECHNICAL PROPERTIES
1 Type I, 0.20 in/min (5.1 mm/min)
2 73°F (23°C), 0.125 in (3.18 mm), Injection molded
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2021-09/avient2020sustainabilityreport-9-2-21.pdf
Robert M.
Available in North America, injection-moldable
reSound™ R VX TPEs utilize 25% (PCR) and up to 40 percent (PIR)
recycled content, and both grades can be overmolded onto
polypropylene (PP).
More recently, with the divestiture of the
PP&S segment in 2019 and the acquisition of Clariant Masterbatch in 2020, we have
fundamentally repositioned our portfolio to that of a true specialty enterprise—from
which we can springboard to even greater heights in the future.
https://www.avient.com/sites/default/files/2020-10/tpe-injection-molding-guide.pdf
Most Versaflex™, Dynaflex™ and OnFlex™ materials (and Versalloy™ TPV alloys) are
suitable for two-shot or insert molding onto a PP (and in some cases, PE) substrate.
Polypropylene (PP) carriers are recommended for the harder SEBS formulations
PP carrier is not recommended for
softer grades, as the compound hardness will be affected.
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
Robert M.
M.
Craig M.
https://www.avient.com/investor-center/news/polyone-announces-second-quarter-2018-results
Robert M.
As we discussed at our Investor Day in May, we are laying the foundation for sustainable long-term growth with our investments in sales, marketing and technology resources and our proven M&A strategy.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
D
ll
ar
(
$)
M
il
li
2017 2018 2019 2020 2021 2022 2023
$90
from products
introduced in
the last 5 years
37%
of sales
Revenue from Sustainable Solutions*
Vitality Index
Investment in Innovation
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
(1)2020 is Pro Forma to include full year of the Clariant Color business
(2)2022 is Pro Forma for the acquisition of APM and the divestiture of Distribution
600
800
1000
1200
1400
2016 2017 2018 2019 2020(1) 2021 2022(2) 2023
$550M
$405M
$915M
$1,135M
8% Organic CAGR
Sustainable Solutions
represent 90% of the
Innovation Pipeline
$1,175M
$790M
$455M
$340M
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Sustainability Report | 2023 38
Advancing a Circular Economy
As the world continues to shift from operating in a linear economy to a circular economy, Avient is proud to be a
part of the solution.
Energy and Greenhouse Gas (GHG) Emissions
(continued from previous page)
Greenhouse Gas Emissions (MT Scope 1 &2)
Intensity (MT Scope 1 & 2 GHG/MT sales)
GHG Emissions
�
������
.44
.28
.30
.50
.40
.30
.20
.10
.32
2019 2020 2021 2022 2023
.28
118
Resulting in
13,000 MWh
Annual Savings
Energy Saving
Projects in
E
m
is
s
(M
)
E
m
is
s
In
te
ty
(M
G
/M
s
al
s)
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 54
https://sciencebasedtargets.org/
https://www.cdp.net/en
Reducing Emissions Across Our Value Chain
Scope 3 emissions include upstream emissions from products and services we procure from suppliers, as well as downstream emissions from the transportation of our products and the emissions generated
from the use and disposal of our sold products.
The following summarizes Avient’s TCFD climate-related risks and opportunities, analyzed across multiple International Energy Agency (IEA) scenarios.*
POTENTIAL IMPACT ON BUSINESS POTENTIAL FINANCIAL IMPACTS POTENTIAL OPPORTUNITIES
CLIMATE-RELATED
IMPACTS
Time
Horizon
Inability
to remain
competitive
Regulatory
operations
curtailment
Reduced
production
capacity
Increased
operating
costs
Reputational
damage
Reduced
demand for
products
Fines/other
regulatory
impacts
Revenue Expenditures Assets Capital costs
More
efficient
production
processes
Emergence
of new
technologies
Increased
market
share
TR
AN
SI
TI
ON
POLICY AND LEGAL
Risk of regulatory change
(carbon pricing) S/M/L ✓ ✓ ✓ ✓ ✓ ✓
ENERGY TECHNOLOGY
Risk of energy disruption M ✓ ✓ ✓ ✓ ✓
Opportunity to reduce
resource consumption S/M/L ✓ ✓ ✓ ✓
Opportunity for new technology to
enable use of sustainable feedstocks M ✓ ✓ ✓ ✓ ✓
MARKET
Risk of decreased availability
of raw materials M ✓ ✓ ✓ ✓ ✓
Risk of product alternatives M ✓ ✓ ✓ ✓
Opportunity for products with low
environmental impact S/M/L ✓ ✓ ✓ ✓ ✓
REPUTATION
Risk of perceived inadequacy
of climate action M/L ✓ ✓ ✓
PH
YS
IC
AL
ACUTE
Risk of extreme temperatures S/M/L ✓ ✓ ✓ ✓ ✓
Risk of hurricanes/wind S/M/L ✓ ✓ ✓ ✓ ✓
Risk of flooding S/M/L ✓ ✓ ✓ ✓ ✓
CHRONIC
Risk of drought S/M/L ✓ ✓
S Short: 0–5 years M Medium: 5–15 years L Long: 15–30 years
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 93
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except for per share data)
Below is a reconciliation of non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP.
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
D
ll
ar
(
$)
M
il
li
2017 2018 2019 2020 2021 2022 2023
$90
from products
introduced in
the last 5 years
37%
of sales
Revenue from Sustainable Solutions*
Vitality Index
Investment in Innovation
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
(1)2020 is Pro Forma to include full year of the Clariant Color business
(2)2022 is Pro Forma for the acquisition of APM and the divestiture of Distribution
600
800
1000
1200
1400
2016 2017 2018 2019 2020(1) 2021 2022(2) 2023
$550M
$405M
$915M
$1,135M
8% Organic CAGR
Sustainable Solutions
represent 90% of the
Innovation Pipeline
$1,175M
$790M
$455M
$340M
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Sustainability Report | 2023 38
Advancing a Circular Economy
As the world continues to shift from operating in a linear economy to a circular economy, Avient is proud to be a
part of the solution.
Energy and Greenhouse Gas (GHG) Emissions
(continued from previous page)
Greenhouse Gas Emissions (MT Scope 1 &2)
Intensity (MT Scope 1 & 2 GHG/MT sales)
GHG Emissions
�
������
.44
.28
.30
.50
.40
.30
.20
.10
.32
2019 2020 2021 2022 2023
.28
118
Resulting in
13,000 MWh
Annual Savings
Energy Saving
Projects in
E
m
is
s
(M
)
E
m
is
s
In
te
ty
(M
G
/M
s
al
s)
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 54
https://sciencebasedtargets.org/
https://www.cdp.net/en
Reducing Emissions Across Our Value Chain
Scope 3 emissions include upstream emissions from products and services we procure from suppliers, as well as downstream emissions from the transportation of our products and the emissions generated
from the use and disposal of our sold products.
The following summarizes Avient’s TCFD climate-related risks and opportunities, analyzed across multiple International Energy Agency (IEA) scenarios.*
POTENTIAL IMPACT ON BUSINESS POTENTIAL FINANCIAL IMPACTS POTENTIAL OPPORTUNITIES
CLIMATE-RELATED
IMPACTS
Time
Horizon
Inability
to remain
competitive
Regulatory
operations
curtailment
Reduced
production
capacity
Increased
operating
costs
Reputational
damage
Reduced
demand for
products
Fines/other
regulatory
impacts
Revenue Expenditures Assets Capital costs
More
efficient
production
processes
Emergence
of new
technologies
Increased
market
share
TR
AN
SI
TI
ON
POLICY AND LEGAL
Risk of regulatory change
(carbon pricing) S/M/L ✓ ✓ ✓ ✓ ✓ ✓
ENERGY TECHNOLOGY
Risk of energy disruption M ✓ ✓ ✓ ✓ ✓
Opportunity to reduce
resource consumption S/M/L ✓ ✓ ✓ ✓
Opportunity for new technology to
enable use of sustainable feedstocks M ✓ ✓ ✓ ✓ ✓
MARKET
Risk of decreased availability
of raw materials M ✓ ✓ ✓ ✓ ✓
Risk of product alternatives M ✓ ✓ ✓ ✓
Opportunity for products with low
environmental impact S/M/L ✓ ✓ ✓ ✓ ✓
REPUTATION
Risk of perceived inadequacy
of climate action M/L ✓ ✓ ✓
PH
YS
IC
AL
ACUTE
Risk of extreme temperatures S/M/L ✓ ✓ ✓ ✓ ✓
Risk of hurricanes/wind S/M/L ✓ ✓ ✓ ✓ ✓
Risk of flooding S/M/L ✓ ✓ ✓ ✓ ✓
CHRONIC
Risk of drought S/M/L ✓ ✓
S Short: 0–5 years M Medium: 5–15 years L Long: 15–30 years
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 93
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except for per share data)
Below is a reconciliation of non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP.
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
AVIENT OVERVIEW
OUR VISION: Creating specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world
2023 Financial GuidanceCompany Overview 2022 Pro Forma Revenue By:
9,700
Employees
104
Manufacturing
Sites
20,000+
Customers
Key Highlights
Premier formulator of specialized and
sustainable material solutions
Asset-light business model, with
flexibility to adapt to customer needs
Best-in-class technology and service
(140+ PhDs / 2,500+ patents)
History of transformation through
successful M&A while consistently
returning cash to shareholders
Poised for continued future growth in
excess of GDP
$3.4B
Revenue
$2.40
$530M
Adjusted EBITDA
15.6%
Adjusted EBITDA Margins
$200M
Free Cash Flow
2.9x
Net Leverage
Over $1B in share
buybacks since 2011
Raised dividend for 12
consecutive years, a
16% CAGR since 2011
Geography
Segment
Industry
U.S. &
Canada
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
37%
9% 4% 4%
Building &
Energy Telecom
4
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
1. 6.5% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
WHAT WE DO: WE ARE A FORMULATOR
6
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
8
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
9
Figures reflect approximate proportions of 2022 sales
Q 1 P ER FO RM A N CE
Q1 2023 PERFORMANCE VS.
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 18
DEFENSE
Source: US Department of Defense, defense.gov, NATO18
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
19
$130
$530
$0.60
$2.40
2023 GUIDANCE
20
Sales Adjusted EBITDA
$845
$3,400
(in millions) (in millions)
CASH FLOW / LEVERAGE
21
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ 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%
22
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 23
SUSTAINABILITY
INVESTOR DAY
23
$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%
24
*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
25
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
26
AP P EN D IX
29
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
37%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
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%
31
(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
32
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
33
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
12%
Building &
US &
Canada
(40% of sales)
56%
23%
Building &
1%
LATAM
(5% of sales)
3%
34
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.
36
4 4
4
6
8
9
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/news/polyone-announces-first-quarter-2015-results
I am pleased to report record adjusted earnings per share of $0.46 for the first quarter," said Robert M.
This negatively impacted customer orders, most notably in PPS and Distribution.
Richardson, executive vice president and chief financial officer, PolyOne Corporation, said, "In January and February, we observed significant customer order delays in PPS, POD and DSS as customers worked through on-hand inventories.