https://www.avient.com/sites/default/files/2022-08/Avient CDP_Climate_Change_Questionnaire_2022.pdf
This includes the
following:
• Reviewing with management the Company’s safety performance
In 2021, Avient directed $3.4 MM
towards environmental, health and safety capital improvements.
In all of its activities, Avient puts high emphasis on environmental protection and safety.
https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.
2
AVI ENT: WHO WE A RE
36
24
9
35
• U.S. and Canada
• Latin America
• Europe, Middle East & Africa
• Asia
25,000+
CUSTOMERS
Headquartered in Avon Lake, OH
(Cleveland)
100+ manufacturing plants
Key Financial Data
2023E Sales $3.4 billion
2023E EBITDA $530 million
2023E EPS $2.40
100%
ARE CUSTOMIZED SOLUTIONS
TO UNIQUE SPECIFICATIONS
of
sales
3
Guidance as of May 3, 2023 Webcast
W H O W E A R E – V I S I O N , S T R AT E G Y, C U LT U R E
4
Avient Corporation (NYSE: AVNT) provides
specialized and sustainable material solutions that
transform customer challenges into opportunities,
bringing new products to life for a better world.
W H AT W E D O : M AT E R I A L S C I E N C E
5
CUSTOM
FORMULATION
M AY 3 , 2 0 2 3
W E B C A S 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
AVI E N T P ROT EC T I VE MAT ER I A L S I N T EG R ATI O N
7
AVI ENT PROTEC TI VE MATERI ALS
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
20%
8 Figures reflect approximate proportions of 2022 sales
Q 1 P E R F O R M A N C E
Q1 2023 PERFORMANCE VS.
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
2023E(%)
36
79
87
83 81
76
73
90
79 77 76
73
69
60
22
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M U LT I P L E E X PA N S I O N
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of April 28, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $38.51.
https://www.avient.com/sites/default/files/2021-04/avnt-fourth-quarter-2020-news-release.pdf
We held our priorities firm by keeping health and safety first,
providing world-class service to our customers, and utilizing our unique position to aid in
recovery efforts as an essential supplier throughout the world.”
2021 Outlook
Commenting on the Company’s 2021 outlook, Mr.
Rose
Vice President, Corporate Communications
Avient Corporation
+1 440-930-3162
kyle.rose@avient.com
5
Attachment 1
Avient Corporation
Summary of Condensed Consolidated Statements of Income (Unaudited)
(In millions, except per share data)
Three Months Ended
December 31,
Year Ended
December 31,
2020 2019 2020 2019
Sales $ 997.0 $ 658.6 $ 3,242.1 $ 2,862.7
Operating Income 65.0 20.5 189.3 156.8
Net income from continuing operations attributable to Avient
shareholders 74.2 6.4 132.0 75.5
Basic earnings per share from continuing operations attributable to Avient
shareholders $ 0.81 $ 0.08 $ 1.47 $ 0.98
Diluted earnings per share from continuing operations attributable to
Avient shareholders $ 0.81 $ 0.08 $ 1.46 $ 0.97
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
Three Months Ended
December 31,
Year Ended
December 31,
2020 2019 2020 2019
Sales:
Color, Additives and Inks $ 525.8 $ 226.7 $ 1,502.9 $ 1,003.8
Specialty Engineered Materials 190.6 177.5 708.8 745.7
Distribution 305.1 272.4 1,110.3 1,192.2
Corporate and eliminations (24.5) (18.0) (79.9) (79.0)
Sales $ 997.0 $ 658.6 $ 3,242.1 $ 2,862.7
Gross margin:
Color, Additives and Inks $ 164.3 $ 73.9 $ 484.4 $ 338.4
Specialty Engineered Materials 59.1 47.7 207.6 200.2
Distribution 32.4 31.0 124.0 132.1
Corporate and eliminations (2.9) 0.7 (31.7) (13.5)
Gross margin $ 252.9 $ 153.3 $ 784.3 $ 657.2
Selling and administrative expense:
Color, Additives and Inks $ 106.8 $ 46.7 $ 303.6 $ 191.0
Specialty Engineered Materials 28.7 28.9 113.2 116.5
Distribution 14.4 14.0 54.5 56.7
Corporate and eliminations 38.0 43.2 123.7 136.2
Selling and administrative expense $ 187.9 $ 132.8 $ 595.0 $ 500.4
Operating income:
Color, Additives and Inks $ 57.5 $ 27.2 $ 180.8 $ 147.4
Specialty Engineered Materials 30.4 18.8 94.4 83.7
Distribution 18.0 17.0 69.5 75.4
Corporate and eliminations (40.9) (42.5) (155.4) (149.7)
Operating income $ 65.0 $ 20.5 $ 189.3 $ 156.8
11
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses gross margin before special items and operating income before special items to assess performance
and allocate resources because senior management believes that these measures are useful in understanding current
profitability levels and how it may serve as a basis for future performance.
https://www.avient.com/sites/default/files/2022-11/PREPERM RF Materials 1-pager.pdf
RADIO FREQUENCY MATERIALS
Maximize your radio frequency (RF) performance
with PREPERM™ materials
OPTIMAL RF PROPERTIES
• Well-controlled dielectric constant range
2.55–23
• Ultra-low loss even at mmWave frequencies
• Stable performance even up to 220 GHz
SPEED UP YOUR CONCEPT
VALIDATION WITH
• Avient Design services
• Filaments for 3D printing
FROM PROTOTYPING TO MASS
PRODUCTION
• Injection molding process enables flexible
product designs
• Scalable production
• Customized sheets in high volumes
• Consistent quality in mass production
• Excellent total cost performance compared
to traditional materials
PREPERM™ IS A SUSTAINABLE CHOICE
Products’ life-cycle and environmental footprint are
important factors for designers.
The advantages
of PREPERM
materials relate
to more efficient
data transfer
(antennas,
mobile base
stations, satellite
communication),
better sensitivity
(GPS, radars,
radomes) and
longer battery
life (mobile and
IoT devices).
https://www.avient.com/sites/default/files/2021-06/plastisol-storage-handling-technical-bulletin.pdf
As a result of these plastisol aging characteristics
and the potential differences in testing
methodology, it is strongly recommended that
incoming quality control (QC) specifications not
be established based on plastisol Technical Data
Sheets (TDS), or Certificates of Analysis (COA).
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Italian.pdf
Chi ha accesso ai tuoi dati personali
Data la struttura aziendale di Avient, altre società del gruppo potrebbero ricevere i tuoi dati personali al
fine di processare la tua domanda di assunzione:
• L'affiliata Avient presso cui stai presentando domanda di assunzione per una posizione o che sta
offrendo una posizione attinente;
• Altre società del gruppo i cui reparti responsabili o uffici delle risorse umane sono coinvolti
nell'elaborazione della tua candidatura;
• Avient Corporation, in quanto operatore di questa piattaforma di reclutamento;
• Fornitori di servizi tecnici che elaborano i dati per Avient Corporation.
In merito a tali modifiche verrà data adeguata comunicazione.
Data effettiva: 1 agosto, 2020
mailto:PRIVACY.OFFICER@AVIENT.COM
https://privacyportal.onetrust.com/webform/b25cf7b1-a93a-4d26-8c84-ceda4d0ae91b/e180cbe4-d1b9-49bd-b621-cb5f6a0f42cb
mailto:PRIVACY.OFFICER@AVIENT.COM
https://www.avient.com/sites/default/files/2022-08/Humotech Robotic Prosthetic Case Study.pdf
In the case of prosthetic legs and feet, the
device must align with the patient’s natural gait, activity
level, and mobility goals, while also maintaining
comfort and safety.
This process has traditionally been
conducted through trial and error with clinicians, using
commercially available prostheses with access only to
biased data and knowledge from past patient feedback.
https://www.avient.com/sites/default/files/2022-06/Colorant Chromatics FEP UV Laser Marking Product Bulletin.pdf
For identification purposes
or safety reasons, these cables often need to be
marked.
Examples include:
• Data transmission cables
• Optical fiber cables
PRODUCT BULLETIN
1.844.4AVIENT
www.avient.com
Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/resources/Terms%2520and%2520Conditions%2520of%2520Sale%2520for%2520Mexico%2520%2528English%2520and%2520Spanish%2520Language%2520Version%2529.pdf
Safety & Health Indemnity.
Buyer acknowledges that
Seller has furnished to Buyer Material Safety Data
sheets, which include warnings together with safety
and health information concerning the Product and/or
the containers for such Product.
https://www.avient.com/sites/default/files/2021-11/avnt-november-investor-meetings.pdf
We are better together through:
Keeping Safety First — PolyOne and Clariant are both ACC Responsible Care® companies,
and nothing is more important than the health, safety and well-being of our people.
D
is
t.
)
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Source: Peer data per Bloomberg market data as of November 8, 2021
Avient reflects 2021 estimated revenue of $4,750M and estimated CAPEX of $80M (excludes one-time synergy capture CAPEX of $20M)
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
Free Cash Flow Conversion (1)
2021E (%)
Being asset light helps us to generate
strong free cash flow that is in line
with specialty formulators.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
H I G H F R E E C A S H F L OW
C O N V E R S I O N
Avient reflects 2021 estimated EBITDA of $580M and estimated CAPEX of $80M (excludes one-time synergy capture CAPEX of $20M)
Source: Peer data per Bloomberg market data as of November 8, 2021
86
93
85
83
79
77 75
89
85 83 81 79 79 78 77
74
25
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(10)
Source: Peer data per Bloomberg market data as of November 8, 2021
Total Enterprise Value / 2021E EBITDA
Our current valuation with updated
guidance implies an EBITDA multiple
that is below many of our specialty
formulator peers.