https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future;
• The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• The current and potential future impact of the COVID-19 pandemic on our business, results of operations, financial position or cash flows including without any limitation, any supply chain and logistics issues
• Our ability to achieve the strategic and other objectives relating to the acquisition of Clariant’s Masterbatch business, including any expected synergies;
• Changes in polymer consumption growth rates and laws and regulations regarding plastics in jurisdictions where we conduct business;
• Fluctuations in raw material prices, quality and supply, and in energy prices and supply;
• Production outages or material costs associated with scheduled or unscheduled maintenance programs;
• Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
• An inability to achieve the anticipated financial benefit from initiatives related to acquisition and integration working capital reductions, cost reductions and employee productivity goals;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• Our ability to consummate and successfully integrate acquisitions;
• Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and
• Other factors described in our Annual Report on Form 10-K for the year ended December 31, 2020 under Item 1A, “Risk Factors.”
The Company does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA, Adjusted Earnings Per Share, Adjusted Operating Income and Free Cash Flow, to the most
comparable GAAP financial measures on a forward-looking basis because the Company is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without
unreasonable effort.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
Median: 81% Median: 78%
HIGH FREE CASH FLOW
CONVERSION
Avient reflects 2021 estimated EBITDA of $580M and excludes one-time synergy capture CAPEX ($20M)
87
90
86
82 80 78
73
87
82 82 79 79 78 78 77 76
71
67
46
en
t
(6)
Total Enterprise Value / 2021E EBITDA
Our current valuation with updated
guidance implies an EBITDA multiple
that is below specialty formulator
peers and the median of other
selected chemical / specialty
companies.
https://www.avient.com/sites/default/files/2021-01/w-9-clariant-plastics-coatings-usa-llc-july-20201.pdf
Payments that may be
subject to backup withholding include interest, tax-exempt interest,
dividends, broker and barter exchange transactions, rents, royalties,
nonemployee pay, payments made in settlement of payment card and
third party network transactions, and certain payments from fishing boat
operators.
Corporations are not exempt from backup withholding for payments
made in settlement of payment card or third party network transactions
Other payments” include
payments made in the course of the requester’s trade or business for
rents, royalties, goods (other than bills for merchandise), medical and
health care services (including payments to corporations), payments to
a nonemployee for services, payments made in settlement of payment
card and third party network transactions, payments to certain fishing
boat crew members and fishermen, and gross proceeds paid to
attorneys (including payments to corporations).
5.
https://www.avient.com/products/thermoplastic-elastomers/versollan-thermoplastic-elastomers
Power Tool, Reworked.
Compartment Cover for Medical Device
https://www.avient.com/sites/default/files/2021-04/trilliant-hc-continuous-glucose-monitor-case-study.pdf
HEALTHCARE
DEVICE OEM
C O N T I N U O U S G L U C O S E
M O N I T O R
• Specific color matching for brand alignment and
recognition
• Chemically resistant material to help product last longer
• Single source for materials and color expertise
• Provided a pre-colored solution that met
rigorous application requirements to
improve color consistency between products
• Incorporated scratch & mar resistant
additives for improved durability
• Offered the ability to run small pilot lots
• Met regulatory requirements for USP
Class VI
Trilliant™ HC Thermoplastics
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-07/Versollan OM- Len Compartment -Application Snapshot.pdf
AVIENT SOLUTION
MEDICAL DEVICE
MANUFACTURER
C O M P A R T M E N T C O V E R
• Improve grip with a matte rubber finish
• Comply with RoHS Directive
• Provide superior adhesion to PC/ABS
• Achieved excellent adhesion to PC/ABS at a
lower wall thickness of to 2mm
• Improved aesthetics and usability with the
rubber finish provided by our custom
formulation
• Provided quick responses to customer queries
and accelerated time to market
KEY REQUIREMENTS
GOOD ADHESION + COMPLIANCE
LEARN MORE
Versollan™ Thermoplastic Elastomers
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2022-02/Versaflex-Handler Housing for Laparoscopic Sealer-Application snapshot.pdf
SURGICAL
DEVICE
MANUFACTURER
H A N D L E H O U S I N G F O R
L A P A R O S C O P I C S E A L E R
• Excellent adhesion onto PC/ABS
• Good aesthetics with soft touch
• RoHS, REACH and FDA compliant
• Enhanced ergonomics and functionality with
improved soft grip
• Met performance requirements for wear
resistance and colorability
• Customized a thermoplastic elastomer (TPE)
solution and had with a faster sample
response speed than competitor
Versaflex™ Overmolding Formulation
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2024-04/Glucose Monitor Case Study Snapshot.pdf
CONTINUOUS GLUCOSE
MONITORING OEM
C G M S Y S T E M M O N I T O R
• Provide color options that work within a limited existing
pigment set
• Offer regulatory support in achieving approval for new
color formulations
• Shorten development time to gain faster approvals and
realize lower costs
• Offered color options that met desired
aesthetics and moods utilizing the approved
pigment set while creating a distinct color
difference from an existing device
• Provided support in achieving regulatory
approvals, resulting in significant cost and
time savings
• Compressed the timeline through on-site
color visualization, exploration, and
formulation of new colors
ColorWorks™ Design Center, Phoenix, AZ
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-12/excelite-one-pager-auto-hvac.pdf
AVIENT SOLUTION
LIGHTWEIGHTING + CYCLE TIME
LEARN MORE
• Achieved average weight reduction across molds
of 7.75%
• Achieved cycle time reduction of 15-20%
• Provided key support with equipment and
processing
• Reduced energy consumption
• Projected savings of $500,000 annually
KEY REQUIREMENTS
• Lightweighting
• Cycle time improvement
• Processing support to enable a seamless transition to
begin using foam
Copyright © 2020, Avient Corporation.
https://www.avient.com/news/avient-present-broad-array-innovative-and-sustainable-materials-solutions-chinaplas-2025
Solutions to help reduce carbon footprint by lightweighting using recycled materials in injection molded and extruded applications for automotive and consumer goods industries, such as Hydrocerol™ Chemical Foaming Agents developed to reduce material consumption, part weight, and cycle times while maintaining excellent surface finish and eliminating sink marks, and can also serve as nucleating additives in direct gassing foam extrusion processes
Versaflex™ TPEs: can reduce vibration in consumer goods such as household appliances and power tools by up to 80% compared to traditional thermoplastic vulcanizates (TPVs)
https://www.avient.com/sites/default/files/resources/Polyone%2520AR.pdf
Our systems, networks and products
may be vulnerable to advanced persistent threats or other types of system failures.
Vice President and General Manager, Power Coatings, Valspar
Corporation from February 2002 to June 2007.
The fair value of the trade names is
calculated using a “relief from royalty” methodology.