https://www.avient.com/sites/default/files/2024-12/2024 Shooting Sports Selection Guide.pdf
OUTDOOR
HIGH PERFORMANCE
SHOOTING SPORTS
PRODUCT SELECTION GUIDE
ENGINEERED POLYMER FORMULATIONS THERMOPLASTIC
ELASTOMERS COLORANTS ADDITIVES ADVANCED COMPOSITES
FIREARMS
Stocks, Frames,
Receivers, & Barrels
• Wood grain
• Warp reduction
• Weight reduction
• Anti-counterfeiting additive
• Ceramic/carbon fiber composites
Handguards, Forearms,
Picatinny Rails, Holsters,
& Magazine
• Specialty color, pre-colored material
• Wood grain
• Warp reduction
• Weight reduction
• Anti-counterfeiting additive
Recoil Pads • Vibration damping
• Ultra soft
Grips
• Overmolding-compatible polymers
• Vibration damping
ARCHERY
Limbs & Risers
• Laser marking • Carbon/glass composite
billets, bars, & laminates
Stabilizers &
Accessories
• Ultra soft
• Carbon/glass composite
bars, rods, & tubes
PROJECTILES
Bullets
• Lead replacement engineered formulations
• Density-modified formulations
• Thermoplastic urethanes • Ballistic tip fluorescent
Shotgun Shells,
Wads, & Buffers
• Polyethylene • Biodegradable custom colors • Performance improving
additives
Arrows • Structurally reinforced polymers • Soft touch • Pre-colored materials
• Carbon/glass composite
rods & tubes
SAFETY
Ballistic Panels • Composite ballistic
resistant panels
SHOOTING
SPORTS
Your customers want a product
that will help them hit the mark
every time.
We’ll help you integrate specialty
polymers into your designs for
ultimate performance and an
outstanding experience in the field.
https://www.avient.com/sites/default/files/resources/FAQs%2520for%2520PolyOne%2520GHS%2520Requirements%2520Ver%252006%2520April%25202015.pdf
European countries must also start using the new overall format for chemical mixtures (most of
PolyOne’s products and solutions are considered mixtures).
Q9: I have received some new format SDSs, but other PolyOne solutions still have the original format.
Many of PolyOne’s products encapsulate additives in the polymer
matrix, or in a physical form such that they are not available in the route required to be classified for that
hazard.
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
GUIDANCE
7
14.8%
15.8%
Adjusted EBITDA Margin %
Better-than-expected margins
driven by:
• Resilient demand for
composites and sustainable
solutions which improved
mix of higher margin
applications
• Deceleration of raw material
inflation
• Cost reduction activities
Q1 EBITDA BRIDGE
8
$ millions
CAI:
Price / Mix 19)
Inflation (4)
SEM:
Price / Mix 6)
Inflation (4)
Net Price Benefit 17)
Wage and Energy Inflation (13)
Cost Reductions 8)
FX (6)
Q1 2023 Actual $134)
Adjusted
EBITDA
Q1 2022 Pro Forma $ 176)
Demand (48) • Weak demand
conditions in-line
with previous
expectations
• Pricing continues to
cover inflation of raw
materials, wages
and energy
U.S. & Canada
40%
38%
17%
Q1 2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
18%
23%
Building and
6%Telecommunications
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $846M and $134M, respectively, include intercompany sales eliminations and corporate costs
$537M $91M
$310M $64M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$134M$846M
(1)
9
Q1 2023 SALES BY REGION
Yo Y C H A N G E ( E X C L .
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.
https://www.avient.com/sites/default/files/2022-08/Environmental Stress Cracking Resistance _ESCR_ Design Guide %281%29.pdf
ESC is defined as the premature embrittlement
and crack propagation of a polymer part.
Ideally, all polymer
contacting edges should be round or radiused.
Sharp edges on an insert can create sharp edges
on the polymer that result in a stress riser.
https://www.avient.com/resources/safety-data-sheets?page=4859
DYNAFLEX(TM) G7970-1001-00 CONTROLLED POLYM
https://www.avient.com/resources/safety-data-sheets?page=6370
EVA POLYMER 21MF 19% VA POWDER
https://www.avient.com/sites/default/files/2020-09/therma-tech-for-adas-sensors-ecus-product-bulletin.pdf
AUTOMOTIVE SOLUTIONS
IMPROVE ADVANCED
DRIVER ASSISTANCE SYSTEM
DESIGN WITH THERMALLY
CONDUCTIVE FORMULATIONS
Thermal management is an important consideration in the design of Advanced Driver Assistance Systems
(ADAS).
High performance polymers are required to uniformly dissipate heat and protect sensitive
electronics, such as sensors, cameras and electronic control units (ECUs), against hotspot formation.
https://www.avient.com/sites/default/files/2025-05/Advanced Composites Utility Poles Product Overview.pdf
Compared to traditional pole materials, fiber
reinforced polymer (FRP) composites are
more durable, require less maintenance, and
provide a longer service life.
ABOUT AVIENT
Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable
materials solutions, with 9,300 employees and a revenue of approx. $3.1 billion.
https://www.avient.com/sites/default/files/2021-06/fl.us-.datasheet-kevlar-para-aramid.pdf
Composition
Kevlar® is an aromatic polyamide that is characterized by long rigid crystalline
polymer chains.
• FIBER-LINE®’s ability to add value to the already
attractive properties of both Kevlar®Para-Aramid &
Nomex® Meta-Aramid creates more opportunity in
the market place to provide solution driven products
to a diverse range of markets.
• Because FIBER-LINE® already processes so many dif-
ferent types and deniers of both Kevlar® & Nomex®,
we have been authorized by DuPont™ to distribute
small quantities of these fibers to an ever-growing
customer base
https://www.avient.com/company/sustainability/sustainability-report/people/gptw
As a leading provider of specialized and sustainable materials solutions that transform customer challenges into innovations for a better world, our diverse talent is at the forefront of all we do.