https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
7
$133
$201
2019PF 2022E
7
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
11.9%
16.3%
2019PF 2022E
EBITDA Margins
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORIC SPECIALIZATION THROUGH M&A
8
Distribution
DSM Protective
Materials
BOLT-ON ACQUISITION HISTORY
9
Commercial
Resources
Operating Income
Operating Margins
259
363
$40
$139
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
SPECIALTY TRANSFORMATION
T O D A Y
46%
67%
86%
100%
0%
60%
80%
100%
2005 2010 2019 2021 2022 PF
%
o
f A
d
ju
st
ed
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
10
Building &
43%
14%
Telecom.
2%
2006 2022 Pro Forma
21%
Building &
Telecom.
https://www.avient.com/products/vinyl-formulations/vinyl-plastisols-organosols/core-vinyl-plastisols-healthcare
Discover TPEs for Healthcare
https://www.avient.com/resources/safety-data-sheets?page=1843
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NATRUAL BEIGE TPE V2
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https://www.avient.com/resources/safety-data-sheets?page=5647
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TPE SUNFLOWER 16-1054TCX
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https://www.avient.com/resources/safety-data-sheets?page=4404
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GREY N7 TPE
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https://www.avient.com/resources/safety-data-sheets?page=6586
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TPE BLUE 5415C CMPD
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https://www.avient.com/resources/safety-data-sheets?page=6053
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TPE BLOOD FLESH LIGHT
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https://www.avient.com/resources/safety-data-sheets?page=4985
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GREY UN7020 TPE
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https://www.avient.com/resources/safety-data-sheets?page=678
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TPE IUG DC GLS 305-181 GREEN
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https://www.avient.com/resources/safety-data-sheets?page=1460
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TPE GREY 424C
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