https://www.avient.com/sites/default/files/2025-02/Mevopur White Formulation for PCR Well Plates - Case Study_0.pdf
LABORATORY EQUIPMENT
MANUFACTURER
P C R W E L L P L A T E S
• Very high level of TiO2 to prevent “cross-talk” between the wells
during the qPCR fluorescence testing procedure
• Minimized background phosphorescence caused by
agglomeration of TiO2 and/or oxidized (stressed) polystyrene
• Preservation of polystyrene grade properties
• Change control of formulation and manufacturing process
• Robust product quality from batch to batch
• Developed optimally dispersed, ready-to-use
white formulation that maintains adequate signal
transmission, as well as minimizing “cross-talk”
and background phosphorescence
• Optimized the use of general purpose polystyrene
(GPPS) for a good balance between melt flow
and other physical properties, such as stiffness
• Provided comprehensive change control of raw
materials and formulation, with a robust
manufacturing process and quality control under
a third party ISO 13485:2016 certified QMS
Mevopur Healthcare Colorants and Formulations
– pre-colored solution
WHY AVIENT?
https://www.avient.com/sites/default/files/2025-02/Maxxam_ Polyolefin Formulations- Coaxial Signal Cable Jacket - case study snapshot.pdf
AUTO DATA CABLE
MANUFACTURER
C O A X I A L S I G N A L C A B L E
J A C K E T
• Provide good chemical resistance like that of machine oil
• Pass 3,000 hours aging test of finish goods
• Have low dielectric property - characteristic impedance of
transmission line: 100Ω, capacitance in water: around
102.8pf/m
• Provided excellent performance with low
dielectric constant to make the jacket layer
of signal cables have low capacitance loss
• Offered a solution by combining physical
and chemical foaming products in the
foaming layer to reduce the dielectric
constant further
• Maintained exceptional mechanical
properties under high temperatures
Maxxam Polyolefin Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2025-01/ColorMatrix Triple A Additive Case Study Snapshot _Portuguese.pdf
EMPRESA LÍDER EM
INJEÇÃO
G A R R A F A S P E T P A R A Á G U A
• Reduz o AA formado durante o processo de produção da
garrafa
• Evita cores e sabores indesejáveis na produção de
garrafas de água
• Mantém a clareza do PET durante a reciclagem
• Reduz o impacto da geração de acetaldeído
(AA) devido ao aumento de calor no
processamento de alto rendimento
• Solução oferecida universalmente
compatível com cores e resina PET
• Regulamentos de conformidade
necessários suportados
ColorMatrix Triple A Acetaldehyde
Scavenger for PET
PRINCIPAIS REQUISITOS
POR QUE A AVIENT?
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
s/ ROBERT M.
s/ Robert M.
s/ Robert M.
https://www.avient.com/investor-center/news/polyone-announces-third-quarter-2018-results
The company noted customers are citing concerns over tariffs and persistent inflation as possible drivers of these demand conditions, which most heavily impacted the Performance Products and Solutions (PP&S) and Distribution segments.
If so, lower operating income from PP&S and Distribution could offset continued growth in Color, Additives & Inks and Engineered Materials in the fourth quarter.
https://www.avient.com/investor-center/news/polyone-announces-fourth-quarter-and-full-year-2019-results
Announced transformative portfolio improvements by divesting Performance Products and Solutions (PP&S) segment and signing definitive agreement to acquire Clariant Masterbatch business
It was also the year we took two major steps forward in our specialty transformation with the divestiture of PP&S for
https://www.avient.com/investor-center/news/polyone-announces-third-quarter-2016-results
This quarter, our Specialty Engineered Materials, Performance Products & Solutions (PP&S) and Distribution segments led the way, as all three achieved year-over-year increases in operating income."
Underlying organic sales growth, plus contributions from the company's recently acquired businesses, offset lower year-over-year selling prices in Distribution, PP&S, and Designed Structures and Solutions (DSS), due to lower hydro-carbon based raw material costs.
https://www.avient.com/investor-center/news/polyone-announces-full-year-and-fourth-quarter-2018-results
Softening demand conditions in the fourth quarter most heavily impacted the Performance Products and Solutions (PP&S) and Specialty Engineered Materials (SEM) segments.
Specifically, end markets negatively impacting PP&S were building & construction and appliance.
https://www.avient.com/sites/default/files/2022-05/DOC 1879.pdf
Yes, all customer complaints and CAPAs include
containment action(s).
Yes, as required by the standard(s).
However, SPC is not
implemented at sites that do not require SPC per
Quality Standard(s), customer requirement, or
when deemed unnecessary.
https://www.avient.com/sites/default/files/2023-11/AVNT November IR Presentation.pdf
AVIENT CORPORATION
I N V E S T O R P R E S E N T A T I O N
(NYSE: AVNT)
N OV E M B E R 2 0 2 3
DISCLAIMER
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
WHAT WE DO: WE ARE A FORMULATOR
6
CUSTOM
FORMULATION
N OVE MBE R 2 , 2023
W E BCAS T
P RE S E N TAT I O N
Complementary technologies and
customer relationships offer opportunity to
advance commercial strategy
Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight
and high performance applications
AVIENT PROTECTIVE MATERIALS
FIRST YEAR
8
Composites comprises over half of
Specialty Engineered Materials,
compared to 9% in 2016
Proven history of success in areas
such as outdoor high performance,
defense and sustainable solutions
Composites
44%
56%
2023E
Sales
Collaboration & InnovationComposites as a % of SEM People & Culture
Talented, passionate, and
creative associates drive
continued integration success
and allow two cultures to come
together as one Avient
Lightweight Protective Laminates:
PROJECTILE PROTECTION
Dyneema® Fiber Solutions
Cushioning + Fit + Comfort:
LONG-TERM WEAR
reSound™ Versaflex™ Thermoplastic Elastomers
Strength + Durability + Light-Weighting:
SOLID MOUNTING BRACKETS
Nymax™ Bergamid™ Complēt™ Engineered Materials
Durability + Lubricity:
HELMET LATCHES
Lubri-One™ Internally Lubricated Polymers
Color Consistency and Weatherability
CUSTOMIZED SPECIFICATIONS
Avient Color and Additive Solutions
Antennae Performance
FAST, RELIABLE CONNECTIONS
PREPERM™ Low-Loss Dielectric Thermoplastics
AVIENT PROTECTIVE MATERIALS
CROSS SELLING OPPORTUNITIES
Wired Connections
CONSTANT COMMUNICATION
Syncure™ Cross-linkable Wire & Cable Formulations9
10
AVIENT PROTECTIVE MATERIALS
CROSS SELLING OPPORTUNITIES
10
Q 3 P E RFO RMAN CE
15.4%
16.3%
2022 PF 2023
Results vs.
PRIOR YEAR
$790
$710
2022 2023
$107
$112
2022 2023
Sales Adjusted EBITDA
$0.42
$0.47
2022 PF 2023
- 10% + 5% + 12%
Sales Adjusted EBITDA Adjusted EPS
16
$112
$500
$0.47
Q4 AND FULL YEAR 2023 GUIDANCE
$710
$3,130
Sales Adjusted EBITDA Adjusted EPS
17
(in millions) (in millions)
Guidance: Free Cash Flow
$180 $180
Prior Guidance Guidance
FREE CASH FLOW & INCREASED DIVIDEND
13th Consecutive Dividend Increase
0.16
0.26
0.42
0.58
0.79
0.85
0.99
1.03
2011 2013 2015 2017 2019 2021 2023 2024
S U S TAI NABI L I T Y DAY
RE CAP
SUSTAINABILITY AS A GROWTH DRIVERLONG-TERM REVENUE GROWTH DRIVERS
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
Growth Drivers Long-Term
Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other (GDP growth) 0–2%
Avient 6%
SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH
8-12%
Long Term
Growth
50
90
2022 2030
Medical Plastics
Market Size
(in $Billions)
2020 2030
Recycled
Plastics
Virgin
Plastics
Growing Demand
for Recycled
Content
Avient Sustainable
Solutions
46
2023 2032
Global Offshore Annual
Wind Installations
(in Gigawatts)
Sources: McKinsey, Bloomberg, Grand View Research
SUSTAINABILITY TRENDS DRIVE
LONG-TERM GROWTH
21
• Transformative acquisitions
combined with divestitures of
more cyclical businesses have
improved margins over 400 bps
since 2018
• 20% long-term margin goal to
be driven by key growth drivers,
with sustainable solutions
playing a meaningful role
5.4%
11.5%
2006 2018 2023E Recovery Growth
Drivers
Strategic
Objective
20%+
+1%+
+3%+
ADJUSTED EBITDA MARGIN EXPANSION
22
• 6% annualized long-term sales growth leveraging
sustainable solutions, composites, healthcare, and
emerging regions
• Expand EBITDA margins to 20%
• Deliver annual EBITDA and EPS growth of
10% and 15%
• Maintain asset-light, 80% free cash flow conversion
profile and be valued as a specialty formulator
• Continue fostering our Great Place to Work® culture
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
23
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,130 and estimated run-rate CAPEX of $110M.
26
3.5
1.8
2.7 3.0 3.4 3.7
2.8
3.7
4.6 5.0
6.9 7.0
8.6
11.1
Av
ie
nt
PP
PM FM
C
N C
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.