https://www.avient.com/investors/events-presentations?page=6
PolyOne Acquisition of Clariant Color Masterbatch – 12/19/2019
PolyOne IR Presentation - Morgan Stanley Conference - 6/6/2018
Investor Day - May 2012 - Global Color, Additives, and Inks
https://www.avient.com/investors/events-presentations?page=4
PolyOne Acquisition of Clariant Color Masterbatch – 12/19/2019
PolyOne IR Presentation - Morgan Stanley Conference - 6/6/2018
Investor Day - May 2012 - Global Color, Additives, and Inks
https://www.avient.com/investors/events-presentations?page=2
PolyOne Acquisition of Clariant Color Masterbatch – 12/19/2019
PolyOne IR Presentation - Morgan Stanley Conference - 6/6/2018
Investor Day - May 2012 - Global Color, Additives, and Inks
https://www.avient.com/investors/events-presentations?page=9
PolyOne Acquisition of Clariant Color Masterbatch – 12/19/2019
PolyOne IR Presentation - Morgan Stanley Conference - 6/6/2018
Investor Day - May 2012 - Global Color, Additives, and Inks
https://www.avient.com/investors/events-presentations?page=7
PolyOne Acquisition of Clariant Color Masterbatch – 12/19/2019
PolyOne IR Presentation - Morgan Stanley Conference - 6/6/2018
Investor Day - May 2012 - Global Color, Additives, and Inks
https://www.avient.com/investors/events-presentations?page=12
PolyOne Acquisition of Clariant Color Masterbatch – 12/19/2019
PolyOne IR Presentation - Morgan Stanley Conference - 6/6/2018
Investor Day - May 2012 - Global Color, Additives, and Inks
https://www.avient.com/investors/events-presentations
PolyOne Acquisition of Clariant Color Masterbatch – 12/19/2019
PolyOne IR Presentation - Morgan Stanley Conference - 6/6/2018
Investor Day - May 2012 - Global Color, Additives, and Inks
https://www.avient.com/sites/default/files/2025-01/AVNT Dec 2022 Earnings Presentation Updated.pdf
W H AT W E D O : M AT E R I A L S C I E N C E
4
CUSTOM
FORMULATION
SUSTA INAB ILITY F OR A BETTER TOMOR ROW
Revenue From Sustainable Solutions* 2016-2021
$310
205
140
80
75
45
40
20
$915M2021 Sales
($ in millions)
*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
Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
5
Key Updates
• Provided progress on 2030 Sustainability Goals
• Emphasized commitment to U.N.
Purchase price multiple rapidly declining on strength of
business and synergy capture
12
$133
$201
2019PF 2022E
12
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
(1)
(1)
11.9%
16.3%
2019PF 2022E
EBITDA Margins
(1)
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
($ in millions)
(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
$2.3B Proceeds
TPE
PP&S
HISTORI C SPECI AL IZATION THROUGH M& A
13
Distribution
DSM Protective
Materials
BOLT-ON AC QUI SITI ON HISTORY
14
Commercial
Resources
Operating Income
($ in millions)
Operating Margins
259
363
At Acquisition 2022E
$40
$139
At Acquisition 2022E
9%
22%
At Acquisition 2022E
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
S P E C I A LT Y T R A N SF O R M ATI O N
T O D A Y
7%
46%
67%
86%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2019 2021 2022 PF
%
o
f
A
d
ju
st
e
d
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)
15
Healthcare
4%
Packaging
8%
Consumer
10%
Building &
Construction
43%
Industrial
15%
Transportation
14%
Energy
4%
Telecom.
2%
2006 2022 Pro Forma
Healthcare
8%
Packaging
23%
Consumer
21%
Building &
Construction
10%
Industrial
15%
Transportation
9%
Energy
4%
Telecom.
4%
Defense
6%
END MAR KET F OCUS ON LESS CYCL IC AL
I ND USTRI ES
16
14.8%
17.6%
21.0%
2018 2020 2022 PF
1.8%
2006
15.3%
16.2%
17.0%
2018PF 2020PF 2022E
CAI
2.7%
2006
SEM
SPEC IA LTY EBI TDA MA RGI N EX PANSION
17
• Portfolio transformation
accelerates growth in less
cyclical, higher margin end
markets
• Investments in our
composites platform
continue to drive margin
expansion
(1) (1)
(1) 2018 and 2020 financial information is pro forma to include a full year of Clariant Color acquisition
PORTFOLIO EVOLUTION OVER THE YEARS
18
Adj.
O P S )
21
Sales Adjusted EBITDA
$818
$823
2021 2022
+ 1%
Adjusted EPS
+ 8% - 3%
(in millions) (in millions)
(+ 9% excluding FX) (+ 18% excluding FX) (+ 5% excluding FX)
Q3 EBITDA BRIDGE
( P R O F O R M A T O TA L C O M PA N Y )
22
Price increases more than
offset raw material and
supply chain impacts
$ millions
CAI:
68Price / Mix
(44)Inflation
SEM:
41Price / Mix
(26)Inflation
39Net Price Benefit
(14)Wage and Energy Inflation
6Clariant Color Integration Synergies
14Incentives, Other Employee Costs
(11)FX
$137 Q3 2022
Adjusted
EBITDA
$ 142Q3 2021
(39)Demand
Q3 2022 SEGMENT PERFORMANCE
23
CAI
$587
$566
Sales
($ in millions)
$93 $93
EBITDA
SEM Pro Forma
$326 $319
Sales
$70
$62
EBITDA
(+ 4% excluding FX)
- 4% - 2%
(+ 5% excluding FX)
Flat
(+ 7% excluding FX)
- 11%
(- 7% excluding FX)
$500
$585
Cont.
https://www.avient.com/sites/default/files/2024-06/OnColor UL 94 Colorants Brochure.pdf
ONCOLOR™
UL 94 COLORANTS
DESIGN &
SAFETY
High-impact colors and cutting-edge design are hugely important
to the success of today’s sleek, modern electrical and electronic
products.
OnColor™ UL 94 colorants* for Electrical & Electronic (E&E)
applications allow fast, cost-efficient project management
combined with all the advantages of in-house coloration.
For most updated
information please refer to Avient UL recognized
color concentrate file QMQS2 E73454.
https://www.avient.com/investors/events-presentations?page=11
PolyOne Acquisition of Clariant Color Masterbatch – 12/19/2019
PolyOne IR Presentation - Morgan Stanley Conference - 6/6/2018
Investor Day - May 2012 - Global Color, Additives, and Inks