https://www.avient.com/sites/default/files/2021-05/2021-colormatrix-quick-guide-to-liquid-color.pdf
available from Avient
POLYMERS
• PET
• Polyolefins
• PVC
COLOR TYPES*
• Tints
• Translucents
• Opaques
• Special effects
• Additive additions
(functional colors)
PROCESSES
• Injection Stretch
Blow Molding (ISBM)
• Injection molding
• Extrusion Blow
Molding (EBM)
• Extrusion
Sheet, Fiber, Film
Avient ColorMatrix has pioneered the development of liquid
color dispersions since the 1970s and is now considered the
leading global innovator and supplier of liquid colorants for
thermoplastic and silicone applications.
https://www.avient.com/sites/default/files/2023-01/AVNT Dec 2022 Earnings Presentation.pdf
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
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
13
Distribution
DSM Protective
BOLT-ON ACQUISITION HISTORY
14
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%
0%
60%
80%
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)
15
Building &
43%
14%
Telecom.
2%
2006 2022 Pro Forma
21%
Building &
Telecom.
https://www.avient.com/sites/default/files/2025-01/AVNT Dec 2022 Earnings Presentation Updated.pdf
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
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
13
Distribution
DSM Protective
BOLT-ON ACQUISITION HISTORY
14
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%
0%
60%
80%
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)
15
Building &
43%
14%
Telecom.
2%
2006 2022 Pro Forma
21%
Building &
Telecom.
https://www.avient.com/resources/safety-data-sheets?page=6198
DB5232 BLACK (PVC-32474)
Geon(TM) DB5381 RED NON-PHTHALATE
GEON W9300 NAT 0000
https://www.avient.com/resources/safety-data-sheets?page=5871
Geon(TM) V1837 SAFETY YELLOW FLUID BED PVC
Geon(TM) M926B Neutral
GEON W9300 NAT 0000
https://www.avient.com/resources/safety-data-sheets?page=3484
Geon(TM) V1784 Black PVC
GEON 87416 TAN 3581
GEON W9300 NAT 0000
https://www.avient.com/resources/safety-data-sheets?page=1923
GEON M3800 RED
GEON M3800 BLACK
BLACK PVC
https://www.avient.com/resources/safety-data-sheets?page=3880
GEON E7459 WHITE
GEON E7459 BEIGE
1993767-830K VBX3523 PVC PWD
https://www.avient.com/resources/safety-data-sheets?page=3231
GEON X15502111302
030OR2036 ORANGE PVC UV
GEON M3500 LT.
https://www.avient.com/resources/safety-data-sheets?page=3096
GEON E3360 TAN
8111 Gray PVC (Pricing)
GEON A8501 GRAY