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.
https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.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
$3.3B
Revenue
$2.40
$525M
Adjusted EBITDA
16.0%
Adjusted EBITDA Margins
$180M
Free Cash Flow
3.0x
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
40%
37%
18%
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
JU LY 27 , 2023
W EB CAS T
P RE SE N TATI O N
COMPOSITES PORTFOLIO
D Y N E E M A ® E X P A N D S O U R E N G I N E E R E D F I B E R S A N D P A N E L S
T E C H N O L O G Y
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
8
DEFENSE TELECOMMUNICATIONS ENERGY TRANSPORTATION
Military • Law Enforcement
First Responders
Body Armor • Helmets
Vehicle Protection
Sustainable Infrastructure
Offshore Wind
Electrical Grid Protection
EV Battery Components
Commercial Laminates
Body & Trim • Air Cargo and
Railroad Car Panels
5G Applications
Fiber Optic Cables
Satellite Communications
Connectors and
Components
9
COMPOSITES SERVE DIVERSIFIED
END MARKETS
INDUSTRIAL
Lifting Slings • Aquaculture
High Pressure Pipe
Conveyer Springs
Q 2 P ER FO RM A N CE
Q2 2023 PERFORMANCE VS.
https://www.avient.com/sites/default/files/2025-01/Securities Trading Policy %282024%29 Final.pdf
Revised: December 20, 2024
ANNEX A
COVERED EMPLOYEES
All Directors
All Elected Officers
All Appointed Officers
Assistant Controller
Executive Assistants to Covered Employees
Corporate Communications/Investor Relations (all levels)
Internal Audit VP, Directors, Managers and Staff of Audit (all levels),
Tax Managers and Tax Analysts, Staff of Tax (all levels)
Directors, Managers and Staff, Mergers and Acquisitions and functional professionals supporting
Mergers and Acquisitions (including Legal professionals)
All Other Employees (including Finance and IT employees) with access to full quarterly results
within the Avient Systems
Secretaries and Direct-Reporting Assistants to any Covered Employee
Financial and Business Consultants who have undertaken to comply with this policy
Revised: December 20, 2024
ANNEX B
Please access the PeopleLink home page and search for “pre-clearance” after clicking “My
Help”
General Counsel:
Amy M.
Sanders
Phone: (440) 930-1318
For Pre-clearance Contact:
Amy M.
https://www.avient.com/sites/default/files/2023-07/Avient-2022-Sustainability-Report.pdf
Robert M.
AVERAGE
TENURE
8
years
AVERAGE
AGE
61
RACIAL
17%
Board of Directors Governance
GENDER
25%
female
TOTAL
DIVERSITY
42%
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2022 80
https://www.avient.com/sites/default/files/2023-01/Corporate%20Governance%20Guidelines%20REV%202022.pdf
Robert M.
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 | 2022 102
Year Ended December 31,
Reconciliation to EBITDA and Adjusted EBITDA 2006 2018 2022
Sales $ 2,622.4 $ 3,533.4 $ 3,396.9
APM pro forma adjustments - 8 months 2022* 256.1
Pro forma sales $ 3,653.0
Net income from continuing operations – GAAP $ 133.5 $ 160.8 $ 83.1
Income tax expense (benefit) 29.7 36.4 (19.3)
Interest expense 63.1 62.8 119.8
Depreciation and amortization 57.1 91.5 162.5
EBITDA $ 283.4 $ 351.5 $ 346.1
Special items, before income tax (34.0) 59.5 194.0
Interest expense included in special items — — (26.0)
Depreciation and amortization included in special items — (3.0) (5.5)
JV - equity income (107.0) — —
APM pro forma adjustments - 8 months 2022* — — 83.1
Adjusted EBITDA $ 142.4 $ 408.0 $ 591.7
EBITDA as a % of sales 5.4 % 11.5 % 16.2 %
Reconciliation of Pro Forma Adjusted EPS 2006 2018 2022
Net income from continuing operations attributable to Avient common shareholders $ 130.9 $ 161.1 $ 82.8
Joint venture equity earnings, after tax (68.5) — —
Special items, after tax (21.2) 44.6 144.6
Special items, tax adjustments (30.0) (10.4) (28.4)
Amortization expense, after tax 1.4 19.5 49.0
Adjusted net income from continuing operations attributable to Avient common shareholders $ 12.6 $ 214.8 $ 248.0
Pro forma adjustments* 13.6
APM pro forma amortization expense, after tax* 19.1
Pro forma adjusted net income from continuing operations attributable to Avient shareholders $ 280.7
Diluted shares 92.8 80.4 92.2
Adjusted EPS attributable to Avient common shareholders $ 0.14 $ 2.67 $ 3.04
* Pro forma adjustment to reflect APM results for the period before Avient ownership including the impacts of debt financing and paydown of debt with net proceeds from the Distribution sale.
https://www.avient.com/sites/default/files/2020-07/tpes-for-healthcare-industry-bulletin.pdf
VERSAFLEX™
HC MEDICAL
TUBING SERIES
• Improve extrusion
rates, achieve high
service temperature
performance or
increase clarity
in medical tubing
• Meet
biopharmaceutical
needs for weldability
and minimize
extractables during
processing
VERSALLOY™
HC SERIES
• Obtain better flow in
long, thin paths and
lower shrink rates
versus typical TPVs
with our alloys, made
with Santoprene™
TPV
• Color easily and
obtain a smooth
tactile feel
VERSAFLEX™
HC GASKETS &
STOPPERS SERIES
• Achieve no coring,
good puncture and
resealability in static
stoppers
• Meet low COF
and low stiction
requirements in
dynamic seals
CL E SERIES
• Increase clarity and
flexibility in bags,
bottles and films
• Mitigate risk with
plasticizer-free
formulations for
film extrusion
• Deliver excellent
odor & O2 barrier
performance for
film extrusion
INDUSTRY BULLETIN
TPE HEALTHCARE PRODUCT SELECTOR GUIDE
Versaflex™ HC MT Series
Versaflex™ HC MT222 Clear 66A 0.88 14 - 334 2.30 629 4.34 898 6.19 430 220 36 ✔ ✔
High clarity,
without plasticizersVersaflex™ HC MT224 Clear 75A 0.89 19 - 468 3.23 773 5.33 1360 9.40 530 321 56 ✔ ✔
Versaflex™ HC MT226 Clear 84A 0.88 20 - 606 4.17 885 6.10 1600 11.00 600 433 76 ✔ ✔
Versaflex™ HC MT317 Clear 68A 0.89 17 69 450 3.10 660 4.55 870 6.00 470 221 39 ✔ ✔ Very high service temperature
Versaflex™ HC BT218 Natural 67A 0.89 19 69 381 2.60 683 4.70 1186 8.20 608 - - ✔ ✔ Weldable, kink resistant
Versaflex™ HC Gaskets & Stoppers Series
Versaflex™ HC 2110-35N Natural 34A 0.90 19 47 145 1.00 261 1.80 400 2.76 620 97 17 ✔ ✔ Good resealing
Versaflex™ HC 2110-43N Natural 43A 0.98 12 46 134 0.92 368 2.54 723 4.98 710 - - ✔ ✔ Good compression set
Versaflex™ HC 2110-57B Black 59A 1.01 20 37 369 2.54 558 3.85 537 3.70 350 147 26 ✔ ✔ Low stiction
Versaflex™ CL E Series
Versaflex™ CL E85 Clear 84A 0.90 20 72 752 5.18 1160 8.00 1550 10.70 450 433 76 ✔ ✔
High clarity, without
plasticizers; E95 also offers
excellent odor & O2 barrier
Versaflex™ CL E90 Clear 90A 0.90 27 73 1000 6.89 1230 8.50 1830 12.60 57 - - ✔ ✔
Versaflex™ CL E95 Clear 95A 0.90 38 71 1680 11.60 1730 11.90 2500 17.20 580 720 126 ✔ ✔
Versaflex™ HC 3810 Series
Versaflex™ HC 3810-20N Natural 20A 0.88 16 54 123 0.80 185 1.30 342 2.40 650 - - ✔ -
Formulated without
animal derivatives,
excellent colorability,
translucent
Versaflex™ HC 3810-30N Natural 30A 0.89 18 58 170 1.20 245 1.70 459 3.20 680 - - ✔ -
Versaflex™ HC 3810-40N Natural 40A 0.88 19 59 191 1.30 275 1.90 506 3.50 670 - - ✔ -
Versaflex™ HC 3810-50N Natural 50A 0.89 21 61 264 1.80 366 2.50 699 4.80 690 - - ✔ -
Versaflex™ HC 3810-60N Natural 60A 0.88 24 65 459 3.20 594 4.10 790 5.40 510 - - ✔ -
Versaflex™ HC 3810-70N Natural 70A 0.88 28 67 535 3.70 684 4.70 1000 6.90 570 - - ✔ -
Versaflex™ HC 3810-80N Natural 80A 0.88 30 67 689 4.80 869 6.00 1390 9.60 620 - - ✔ -
Versaflex™ HC 3810-90N Natural 90A 0.88 27 89 1087 7.50 1350 9.30 1890 13.00 570 - - ✔ -
Versalloy™ HC 9210 Series
Versalloy™ HC 9210-45N Natural 45A 0.89 19 39 160 1.10 320 2.20 484 3.33 480 100 18 - ✔
Smooth surface
aestheticsVersalloy™ HC 9210-55N Natural 53A 0.89 20 44 208 1.44 335 2.31 580 4.00 610 120 21 - ✔
Versalloy™ HC 9210-70N Natural 70A 0.89 23 53 356 2.45 510 3.52 780 5.38 590 180 32 - ✔
Versalloy™ HC 9220 Series
Versalloy™ HC 9220-70 Natural 70A 0.95 17 51 453 3.12 - - 643 4.43 265 208 36 ✔ ✔
ExtrudableVersalloy™ HC 9220-80 Natural 80A 0.94 18 59 553 3.67 777 5.36 945 6.52 415 208 36 ✔ ✔
Versalloy™ HC 9220-90 Natural 90A 0.94 25 55 1030 8.13 1350 9.33 1945 13.45 620 400 70 ✔ ✔
Standard Healthcare Grades
Versaflex™ G2705N Natural 60A 0.88 - - - - 528 3.64 670 4.62 470 - - ✔ ✔ Natural, high strength
Versaflex™ CL 2242 Clear 43A 0.89 23 - 152 1.05 294 2.02 731 5.00 780 124 22 ✔ ✔
High clarity, boilable
Versaflex™ CL 2250 Clear 50A 0.89 20 - 220 1.52 337 2.32 827 5.70 770 140 25 ✔ ✔
Versaflex™ OM Series
Versaflex™ OM 1040X Natural 42A 0.92 22 - 180 1.24 301 2.08 504 3.47 580 100 18 ✔ ✔ ABS/PC
overmoldVersaflex™ OM 3060 Clear 59A 0.90 33 - 420 2.90 360 2.48 500 3.45 480 180 32 ✔ ✔
Color Hardness Specific Gravity Compression Set
@ 23°C
Compression Set
@ 100°C 100% Modulus 300% Modulus Tensile Strength Elongation Tear Strength ISO
10993 USP VI Special
Characteristics
ASTM Shore A ASTM/ISO ASTM % ASTM % ASTM psi Mpa ASTM psi Mpa ASTM psi ISO Mpa ASTM % ASTM pll ISO kN/m
GENERAL PROPERTIES TENSILE PROPERTIES OTHER
For further information on specific grades, review technical data sheets.
https://www.avient.com/sites/default/files/2023-06/Omnicolor Brochure.pdf
Calculate using Let Down Percentage:
Cost/lb of Concentrate x (Let Down Percentage/100) = Coloring Cost
Calculate using Let Down Ratio:
Cost/lb of Concentrate – Cost/lb of Resin
Let Down Ratio +1 = Coloring Cost
TWO WAYS TO CALCULATE COLORING COSTS
TROUBLESHOOTING
TWO WAYS TO CALCULATE COLORING COSTS
SYMPTOM CAUSE REMEDY
Color Variation Shot-to-Shot
Poor Omnicolor preblending
Pigment has insufficient
thermal stability
More thorough blending
Ensure correct machine
temperature control
Screw Slip
Premature melting of Omnicolor
Excessive addition rate
Reduce heat in feed zone
Check addition rate and reduce
if necessary
Overall Good Distributive
Mixing With Streaks or Dots
of Another Color
Poor pigment dispersion in
concentrate
Return concentrate for
replacement
Black Streaks or Splotches Degraded polymer in barrel Clean screw and barrel
Poor Distributive Mixing
(Streaking) Insufficient plastification See processing instructions
Loss of Color Pigment has insufficient
thermal stability
Change to more heat stable
colorant
Ensure correct machine
temperature control
PROCESSING TEMPERATURES
OM0001 OC0UFB White 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM0005 OC0UFC Bright White 200+ 260 260+ 260 200+ 300+ NS 300+
OM0330 OC0UFD Polar White 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM0332 OC0SAD Coconut 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM1275 OC0UFF Magnolia **200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM1293 OC0SAE Vanilla **200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM1625 OC1SAE Sunflower Yellow 200+ 280 260 260 200+ 280 NS 280
OM1637 OC1SAF Daffodil Yellow 200 240 220 NS NS NS NS NS
OM1690 OC1UFD Citrus # *200+ NS 260 250 NS 280+ NS 280+
OM1693 OC1UFE Banana *200+ NS 280+ 280+ NS 280+ NS 280+
OM1696 OC1SAG Jasmine 200+ 280 260 260 200+ 280+ NS 280+
OM1700 OC1UFG Canary Yellow 200+ 280 260 260 200+ 280 NS 280
OM1702 OC1SAH Marigold # *200+ NS 260+ 260+ NS 300 NS 300
OM1704 OC8SAF Ivory **200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM1707 OC8SAG Cream 200+ 280+ 260+ 260+ 200+ 300+ 280+ 300+
OM1751 N/A Sol Yellow 200+ 260 260 280 200+ 250+ NS 280
OM1753 N/A Sherbert Lemon 200 240 220 NS NS NS NS NS
OM1831 N/A Linen 200+ 280+ 260+ 280+ 200+ 265 NS NS
OM1832 N/A Buttermilk 200+ 280+ 260+ 280+ 200+ NS NS NS
OM1834 N/A Chick 200+ 240 220 NS NS NS NS NS
OM1839 N/A Custard 200+ 280+ 260+ 280+ 200+ NS NS NS
OM1845 N/A Yolk 200+ 280+ 260+ 280+ 200+ 265 NS NS
OM2239 OC2UFB Seville Orange 200+ 280 260 260 200+ NS NS NS
OM2243 OC2SAE Mandarin Orange 200 240 220 NS NS NS NS NS
OM2250 OC2SAF Pumpkin 200+ 280 260 240 200+ NS NS NS
OM2252 OC2SAG Nectarine # *200+ NS 280+ 280+ NS 300 NS 300
OM2291 N/A Carrot 200+ 280 260 280 200+ NS NS NS
OM3223 OC3SAE Strawberry Red 200+ 280 260 260 200+ NS NS NS
OM3364 OC3SAF Rose Pink 200+ 280 260 260 200+ NS NS NS
OM3513 OC2SAH Flesh Pink **200+ 280 260 260 200+ NS NS NS
OM3788 OC3SAH Cherry Red 200+ 280 260 260 200+ NS NS NS
OM3801 OC3SAI Pastel Pink 200+ 280 260 260 200+ NS NS NS
OM3820 OC3SAJ Flame Red *200 NS 280+ 280+ NS 280+ 280+ 280+
OM3849 OC3SAK Lobster Red 200 260 220 NS NS NS NS NS
OM3850 OC3UFJ Tomato Red 200+ 280 260 260 200+ 280 NS 280
OM3853 OC3SAL Fuchsia 200 260 200 NS NS NS NS NS
OM3856 OC3SAM Admiral Red # *200+ NS 260+ 260+ NS 300 NS 300
OM3861 OC3UFM Cardinal Red 200+ 280 260 260 200+ 280 NS 280
OM3864 OC3SAN Fire Engine Red # *200+ NS 260+ 260 NS 300 NS 300
OM3872 OC3SAP Rocket Red *200 NS 280+ 280+ 280+ 280+ NS 280+
OM3879 OC3SAQ Raspberry 200 260 200 NS NS NS NS NS
OM3947 N/A Brilliant Red 200+ 280 260 260 200+ 250+ NS NS
OM3951 N/A Poppy Red 200 260 220 NS NS NS NS NS
OM3955 N/A Valentine Red 200+ 280 260 260 200+ 250+ NS NS
OM3958 N/A Bubblegum Pink 200+ 280 260 260 200+ 250+ NS NS
OM33053 N/A Ruby 200 240 220 NS NS NS NS NS
OM4043 OC3SAR Burgundy 200 230 200 NS 200 NS NS NS
OM4204 OC4SAA Mulberry 200+ 280 260 260 200 280 NS 280
OM4219 N/A Cerise 200+ 280 260 260 200+ 250+ NS NS
TEMPERATURE CONVERSION TABLE
°C 200 220 240 260 280 300
°F 392 428 464 500 536 572
NOTES
* Suitable for use in all PVC except plasticized PVC
** Suitable for use in all PVC except tin stabilized PVC
OM5001 OC5UFB Sky Blue 200+ 260 260+ 280 200+ 280 280 280
OM5009 OC5SAD Powder Blue 200+ 280+ 260+ 280+ 200+ 300 280+ 300
OM5011 OC5UFD Mid Blue 200+ 280+ 260+ 280+ 200+ 300 280+ 300
OM5027 UC5UFF Royal Blue 200+ 240 220 NS NS NS NS NS
OM5034 OC5SAF Pale Blue 200+ 280+ 260+ 280+ 200+ 300 280+ 300
OM5065 OC5SAG Navy Blue 200+ 280+ 260+ 280+ 200+ 300 280+ 300
OM5179 OC5UFI Ultra Blue 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM5485 OC5UFJ Pacific Blue 200+ 280+ 260+ 280+ 200+ 300 280+ 300
OM5982 OC5SAI Baby Blue 200+ 260+ 260+ 280+ 200+ 300 280+ 300
OM55094 OC4UFB Purple 200+ 260 240 240 200+ NS NS NS
OM55157 OC5UFS Ice Blue 200+ 280+ 260+ 280+ 200+ 300 280+ 300
OM55160 OC5SAH Midnight Blue # *200+ NS 260 260 NS 300 NS 300
OM55162 OC5UFM Cornflower Blue 200+ 280+ 260+ 280+ 200+ 300 280+ 300
OM55302 N/A African Violet 200+ 280 260 260 200+ 250+ NS NS
OM55484 N/A Mistral 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM55497 N/A Lavender 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM55500 N/A Bluebell 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM55502 N/A Lilac 200+ 240 240 NS 200+ NS NS NS
OM6037 N/A Aqua 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM6969 OC6UFL Alpine Green 200+ 280 260 260 200+ 280 NS 280
OM6985 OC6SAK Spearmint Green 200+ 280+ 260+ 280+ 200+ 300 280+ 300
OM6994 OC6UFN Leaf Green 200 240 220 NS NS NS NS NS
OM66070 OC6UFC Fern Green 200+ 280 260 260 200+ 280 NS 280
OM66072 OC6SAD Springtime 200+ 280 260 260 200+ 280 NS 280
OM66075 OC6SAE Racing Green 200+ 280 260 260 200+ 280+ NS 280+
OM66083 OC6SAF Fresh Green 200+ 280 260 260 200+ 280 NS 280
OM66087 OC6UFG Sage Green 200+ 280 260 260 200+ 280 NS 280
OM66088 OC5UFQ Marine Blue 200+ 280 260 260 200 280 NS 280
OM66099 OC6SAG Lime Green *200+ NS 260 250 NS 280+ NS 280+
OM66100 OC6SAH Olive Green 200+ 280+ 260+ 260+ 200+ 300+ 280+ 300+
OM66159 N/A Pod Green 200 240 220 NS NS NS NS NS
OM66161 N/A Ocean Green 200+ 280 260+ 260+ 200+ 265 280+ 300
OM66301 N/A Dewdrop 200+ 260+ 260+ NS 200+ NS NS 280+
OM66303 N/A Grass Green 200+ 260+ 260+ NS 200+ NS NS 280
OM66306 N/A Lettuce Green 200+ 260+ 260+ NS 200+ NS NS 280
OM66307 N/A Apple Green 200+ 260+ 260+ NS 200+ NS NS 280
OM7002 OC7SAE Light Grey 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM7020 OC7UFD Dark Grey 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM7021 OC7SAF Ash Grey 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM7053 OC7UFF Mid Grey 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM7378 OC7UFG Dove Grey 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM7759 OC7UFJ Soft Grey 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM7994 OC9SAG Graphite 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM7996 OC7SAH Moonstone 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM7999 OC7UFN Pebble ** 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM77000 OC7SAG Cloud Grey 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM77007 OC9SAE Mink ** 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM77013 OC5SSA Dusk 200+ 280+ 260+ 280+ 200+ 265 280+ 300
OM77140 N/A Putty 200+ 280 260+ 260+ 200+ 265 280+ 280
+ Potential use at temperatures above those indicated
NS Not suitable for use in polymer indicated
# Contains dyestuff which will migrate from PE/PP and all other polyolefins
PROCESSING TEMPERATURES
OM77142 N/A Storm Grey 200+ 280 260+ 260+ 200+ 265 280+ 300+
OM77326 N/A Vapour 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM77327 N/A Pigeon 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM77330 N/A Shark 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM8004 OC8SAH Chocolate Brown ** 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM8005 OC8SAI Terracotta ** 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM8018 OC8SAJ Light Brown ** 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM8021 OC8SAK Mushroom ** 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM8029 OC8SAL Mid Brown ** 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM8142 OC8UFK Dark Brown ** 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM8332 OC8ASM Mahogany ** 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM8399 OC8SAN Rosewood ** 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM88721 OC8SAP Toffee ** 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM88723 OC8SAQ Honey Beige ** 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM88726 OC8SAR Chestnut Brown **200+ 280 260 260 200+ 280+ 280+ 280+
OM88729 UN88729 Beige **200+ 280+ 260+ 260+ 200+ 300+ 280+ 300+
OM88820 N/A Fudge **200+ 280 260+ 260+ 200+ 265 280+ 300
OM88833 N/A Demerara **200+ 280 260 260 200+ 250+ NS 280
OM88942 N/A Sandstone 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM0055 OC9UFA Deep Black 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM0086 OC9SAD Ebony # *200+ NS 260 260 NS 300 NS 300
OM0093 N/A Onyx 200+ 280 260+ 260+ 200+ 260 280+ 300+
OM0174 N/A Pearl White 200+ 280+ 260+ 260+ 200+ 265 280+ 300
OM0448 N/A Satin Pearl 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM1830 N/A Straw Pearl 200+ 280+ 260+ 280+ 200+ NS NS NS
OM33051 N/A Shrimp Pink 200+ 280+ 260+ 260 200+ NS NS NS
OM55483 N/A Azure Blue 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM55495 N/A Arctic Pearl 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM66297 N/A Mint Pearl 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM0541 OC8SAD Gold NS 240 240 240 200+ NS NS NS
OM0548 OC8SAE Aztec Gold # *200+ NS 260 260 NS 300 NS 300
OM0567 OCCSAD Copper NS 240 240 240 200+ NS NS NS
OM0574 N/A Summer Bronze **200+ 280 260+ 260+ 200+ 265 280 300
OM0701 OC7UFA Silver 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM0739 OC7SAD Pewter 200+ 280+ 260+ 280+ 200+ 300+ 280+ 300+
OM1268 OC1SAD FL Yellow *200+ NS 260+ 260+ NS 300 NS 300
OM2266 N/A FL Orange # *200+ NS 260+ 260+ NS 265 NS 300
OM3752 OC3SAG FL Pink # *200+ NS 260+ 260+ NS 300 NS 300
OM6941 OC6SAJ FL Green # *200+ NS 260+ 260+ NS 300 NS 300
OM1011TR N/A TR Yellow# *200+ NS 260+ 260+ NS 265 NS 300
OM1833TR N/A TR Lime # *200+ NS 260+ 260+ NS 265 NS 300
OM1846TR N/A Yellow Edge Glow # *200+ NS 260+ 260+ NS 265 NS 280
OM2034TR OC2SAD TR Amber # *200+ NS 260 280 NS 300 NS 300
OM2294TR N/A Orange Edge Glow # *200+ NS 260+ 260+ NS 265 NS 280
OM3012TR OC3SAD TR Red # *200+ NS 260+ 260 NS 300 NS 300
OM5016TR OC5SAE TR Blue # *200+ NS 260+ 260 NS 280 NS 280
OM6881TR OC6SAI TR Green # *200+ NS 260+ 260 NS 300 NS 300
OM7903TR OC9SAF TR Grey *200+ 280+ 260+ 280+ 200+ 300 280+ 300
OM33052TR N/A TR Claret # *200+ NS 260+ 260+ NS 265 NS 280
OM33055TR N/A Pink Edge Glow # *200+ NS 260+ 260+ NS NS NS 300
TEMPERATURE CONVERSION TABLE
°C 200 220 240 260 280 300
°F 392 428 464 500 536 572
OM55488TR N/A TR Amethyst # *200+ NS 260+ 260+ NS 265+ NS 300
OM89050TR N/A TR Brown NS NS 260+ 280+ NS 265 NS 300
OM0279HT N/A Diamond White 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM0447HT N/A Cumulus 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM1739HT N/A Melon Yellow # *200+ NS 260+ 260+ NS 265 300+ 300+
OM1740HT N/A Pineapple # *200+ NS NS 260+ NS 265 300+ 300+
OM1829HT N/A Hornet # *200+ NS NS 260+ NS 265 300+ 300+
OM2264HT N/A Fresh Orange # *200+ NS NS NS NS 265 300+ 300+
OM3930HT N/A Deep Red # *200+ NS 260+ 260+ NS 265 300+ 300+
OM3940HT N/A Sunset # *200+ NS NS NS NS 265 300+ 300+
OM4217HT N/A Claret # *200+ NS 260+ 260+ NS 265 300+ 300+
OM33049HT N/A Lava # *200+ NS NS NS NS 265 300 300
OM33050HT N/A Poinsettia # *200+ NS NS NS NS 265 300 300
OM66148HT N/A Mid Green 200+ 280+ 260+ 260+ 200+ 265 300+ 300+
OM66294HT N/A Forest Green # NS NS NS NS NS 265 280+ 300+
OM66295HT N/A Astro # *200+ NS 260+ 280+ NS 265 280+ 300+
OM77323HT N/A Dolphin 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM77324HT N/A Slate 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM0038 N/A Value White 200+ 260+ 260+ 280+ 200+ 265 280+ 300+
OM0246 N/A Stone Effect 200+ 260 280 280+ NS 265 280 300
OM0299 N/A Pearl 200+ 260+ 260+ 280+ 200+ 265 280 300
OM0589 N/A Metallic Sand 200+ 280 260+ 280+ 200+ 265 300 300
OM0590 N/A Autumn Gold 200+ 280 260+ 260 200+ 255 NS NS
OM0592 N/A Tropical Pearl 200+ 260 260 260 200+ 250 NS NS
OM0593 N/A Inca Gold 200+ 280 260+ 280+ 200+ 250 280 280
OM0797TR N/A Sparkle 200+ NS 280 280 200 265 280 300
OM1339 N/A Value Yellow 200+ 280 280 280+ 200+ 265 280 300
OM5972 N/A Value Blue 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM9074 N/A Odyssey 200+ 280 260+ 280+ 200+ 265 300 300
OM33074 N/A Spanish Earth 200+ 280 260 260 200+ 250 NS NS
OM33075 N/A Sunset Pearl 200+ 280 260 260 200+ 250 NS NS
OM33100TR N/A Pink Sparkle NS NS 260 260 NS NS NS NS
OM33111 N/A Value Red 200+ 240 220+ NS 200+ NS NS NS
OM55559 N/A Soft Lilac 200+ 280 260 250 200+ 265 NS 280
OM55561 N/A Atlantic Pearl 200+ 280 260+ 280 200+ 265 280 280
OM55563 N/A Midnight Satin 200+ 280 260+ 280 200+ 265 200 280
OM55564 N/A Frost Bite 200+ 280 260 260 200+ 265 NS 280
OM55565 N/A Winter Wind 200+ 280 260+ 280+ 200+ 265 280 300
OM55566 N/A Mirage 200+ 280 260 260 200+ 265 NS 280
OM55567 N/A Purple Silk 200+ 260 250 250 200+ NS NS NS
OM55666TR N/A Blue Sparkle NS NS 260+ 260+ NS 265 NS 280
OM55700TR N/A Violet Sparkle NS NS 260 260 NS 265 NS 300
OM66302 N/A Bottle Green 200+ 280+ 260+ 280+ 200+ 265 NS 300+
OM66344 N/A Arctic Moss 200+ 280 260+ 280+ 200+ 265 280 300
OM66345 N/A Grape 200+ 280 260+ 270 200+ 260 NS 280
OM66380 N/A Value Green 200+ 280+ 260+ 280+ 200+ 265 280+ 300+
OM77450 N/A Value Grey **200+ 280+ 260+ 280+ 200+ 265 280+ 300+
NOTES
* Suitable for use in all PVC except plasticized PVC
** Suitable for use in all PVC except tin stabilized PVC
+ Potential use at temperatures above those indicated
NS Not suitable for use in polymer indicated
# Contains dyestuff which will migrate from PE/PP and all other polyolefins
COLOR CHART
White
UK OM0001 Stock
US OC0UFB
Sherbert Lemon
UK OM1753
Flame Red
UK OM3820 Stock
US OC3SAJ
Cerise
UK OM4219
Bright White
UK OM0005 Stock
US OC0UFC
Linen
UK OM1831
Lobster Red
UK OM3849 Stock
US OC3SAK
Sky Blue
UK OM5001 Stock
US OC5UFB
Polar White
UK OM0330 Stock
US OC0UFD
Buttermilk
UK OM1832
Tomato Red
UK OM3850 Stock
US OC3UFJ
Powder Blue
UK OM5009 Stock
US OC5SAD
Coconut
UK OM0332 Stock
US OC0SAD
Chick
UK OM1834
Fuchsia
UK OM3853
US OC3SAL
Mid Blue
UK OM5011 Stock
US OC5UFD
Magnolia
UK OM1275 Stock
US OC0UFF
Custard
UK OM1839
Admiral Red
UK OM3856
US OC3SAM
Royal Blue
UK OM5027 Stock
US OC5UFF
Vanilla
UK OM1293 Stock
US OC0SAE
Yolk
UK OM1845
Cardinal Red
UK OM3861 Stock
US OC3UFM
Pale Blue
UK OM5034 Stock
US OC5SAF
Sunflower Yellow
UK OM1625 Stock
US OC1SAE
Seville Orange
UK OM2239 Stock
US OC2UFB
Fire Engine Red
UK OM3864
US OC3SAN
Navy Blue
UK OM5065
US OC5SAG
Daffodil Yellow
UK OM1637 Stock
US OC1SAF
Mandarin Orange
UK OM2243
US OC2SAE
Rocket Red
UK OM3872 Stock
US OC3SAP
Ultra Blue
UK OM5179 Stock
US OC5UFI
Citrus
UK OM1690 Stock
US OC1UFD
Pumpkin
UK OM2250 Stock
US OC2SAF
Raspberry
UK OM3879
US OC3SAQ
Pacific Blue
UK OM5485 Stock
US OC5UFJ
Banana
UK OM1693 Stock
US OC1UFE
Nectarine
UK OM2252 Stock
US OC2SAG
Brilliant Red
UK OM3947 Stock
Baby Blue
UK OM5982
US OC5SAI
Jasmine
UK OM1696
US OC1SAG
Carrot
UK OM2291
Poppy Red
UK OM3951
Purple
UK OM55094 Stock
US OC4UFB
Canary Yellow
UK OM1700 Stock
US OC1UFG
Strawberry Red
UK OM3223 Stock
US OC3SAE
Valentine Red
UK OM3955
Ice Blue
UK OM55157
US OC5UFS
Marigold
UK OM1702
US OC1SAH
Rose Pink
UK OM3364
US OC3SAF
Bubblegum Pink
UK OM3958
Midnight Blue
UK OM55160
US OC5SAH
Ivory
UK OM1704 Stock
US OC8SAF
Flesh Pink
UK OM3513
US OC2SAH
Ruby
UK OM33053
Cornflower Blue
UK OM55162 Stock
US OC5UFM
Cream
UK OM1707
US OC8SAG
Cherry Red
UK OM3788
US OC3SAH
Burgundy
UK OM4043 Stock
US OC3SAR
Sol Yellow
UK OM1751 Stock
Pastel Pink
UK OM3801
US OC3SAI
Mulberry
UK OM4204 Stock
US OC4SAA
Due to printing or monitor variations,
color shown may vary from actual
color.
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/resources/PolyOne%2520Proxy%2520Statement%25202016.pdf
Robert M.
Preete, Farah M.
Preete
Farah M.
https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
Microsoft PowerPoint - AVNT Fermium Conference - May 2023
AVIENT CORPORATION
I N V E S T O R P R E S E N T A T I O N
(NYSE: AVNT)
M AY 4 , 2 0 2 3
H O S T E D B Y :
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.
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.
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.
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
AVIENT CORPORATION
F I R S T Q U A R T E R 2 0 2 3 R E S U L T S
(NYSE: AVNT)
M AY 3 , 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.
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 13
DEFENSE
Source: US Department of Defense, defense.gov, NATO13
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
14
$130
$530
$0.60
$2.40
2023 GUIDANCE
15
Sales Adjusted EBITDA
$845
$3,400
Adjusted EPS
(in millions) (in millions)
CASH FLOW / LEVERAGE
16
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ 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%
17
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 18
SUSTAINABILITY
INVESTOR DAY
18
$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%
19
*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
20
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
21
AP P EN D IX
24
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%
26
(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
27
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
28
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%
29
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.
31
4 4
5 5 5
6
7
9
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.