https://www.avient.com/sites/default/files/2021-05/avnt-first-quarter-2021-earnings-presentation.pdf
In particular, these include statements relating to future actions; prospective changes in raw material
costs, product pricing or product demand; future performance; estimated capital expenditures; results of current and anticipated market conditions and market strategies; sales efforts; expenses; the outcome of contingencies such as
legal proceedings and environmental liabilities; and financial results.
$86
$123
$0.53
$0.89
Q1 2021 – ORGANIC PERFORMANCE
3
Sales Adjusted Operating Income
$991
$1,162
+ 17%
+ 43% + 68%
(1) (1) (1)
Q1 2021 SEGMENT PERFORMANCE
4
CAI
$536
$609
($ in millions)
SEM Distribution
$64
$89
+14%
+39%
$290
$363
$19
$24
+25%
+26%
$185
$217
$22
$34
+17%
+55%
SPECIALTY EBITDA MARGIN EXPANSION
5
CAI
(1) 2018-2020 financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
15.3% 15.2%
16.2%
19.1%
2018 2019 2020 Q1 2021
14.8% 15.2%
17.6%
19.4%
2018 2019 2020 Q1 2021
SEM
• Continued portfolio transformation to
high-growth end markets and
sustainable solutions
• Clariant Masterbatch synergy realization
• Investments in composites and outdoor
high performance applications drive
growth and mix improvements
CAI EBITDA MARGIN EXPANSION
6
Legacy CAI
18.9% 18.9%
21.0%
2019 2020 Q1 2021
Legacy
11.9%
13.8%
17.4%
2019 2020 Q1 2021
• Early synergy capture translating to
the bottom line
• Positive mix with growth in healthcare,
consumer and packaging end-markets
• World-class vitality index of 36%
represents sales from products
introduced in the last five years.
With the Clariant Masterbatch
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
20
Avient reflects 2021 estimated EBITDA of $560M
OUR VALUATION VERSUS PEERS
Avient Specialty
Other
10.2
17.7
16.0
14.9 14.6
11.6 11.1
26.7
24.0
22.8
14.3
12.7
11.5 11.2 11.1 11.0 10.3 10.1
9.5 9.4
8.3
7.0
Median: 11.1xMedian: 14.8x
SUMMARY: WHY INVEST IN AVIENT?
https://www.avient.com/sites/default/files/2021-03/avient-march-ir-fermium_0.pdf
Investing in Innovation — Specialty companies invest to grow, so we ensure our
resources are concentrated on material science for high-growth end markets, poised for
value creation in the long term.
Speed to market is essential today, and Avient plays a crucial role in our customers’
success.
We will do so though our investments and focus on
sustainable solutions for high-growth markets, including healthcare,
consumer, packaging and composites/5G.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
MCALINDON
Vice President, Marketing
DR.
As we
performed, the market took notice.
Growth in the polymer distribution market is directly correlated with growth in the
base polymer resins market.
https://www.avient.com/sites/default/files/2021-04/trilliant-hc-conductive-pipette-case-study.pdf
THE CHALLENGE
A manufacturer of high-quality laboratory research
products was eager to expand into the conductive
pipette tip market.
High-quality conductive pipette
tips must meet a number of demanding performance
criteria, including:
• Accurate measurement of minute quantities
of liquid
• Hydrophobic properties to minimize fluid retention
• Concentric dimensions and warp resistance
• Excellent chemical resistance
The manufacturer asked Avient for a specialized
solution to meet these exacting needs in a timely and
efficient manner so they could capitalize on its market
opportunity
THE SOLUTION
Avient’s sales and technical professionals worked
closely with the manufacturer to understand the
demanding requirements of the end-use application,
manufacturing considerations and cost.
https://www.avient.com/sites/default/files/2023-03/Syncure XLPE Product Bulletin.pdf
KEY CHARACTERISTICS
• Resistant to heat, oil, creep and abrasion
• Flame performance
• Low temperature performance
• Temperature ratings up to 125°C
• High extrusion speeds, ambient curing properties
and low capital investment
• Conforms to UL-44, UL-4703 and CSA 22.2
requirements
MARKETS AND APPLICATIONS
Syncure XLPE formulations provide economical
solutions for multiple end-use commercial and
residential applications.
Suitable for both vertical
and horizontal cable systems, the materials offer
safe, sustainable and efficient solutions for low
voltage power cable systems, including in solar
and other specialty market applications.
https://www.avient.com/sites/default/files/2020-09/pei-masterbatch-product-bulletin.pdf
Colorant
Chromatics PEI colorants are designed specifically
for use in these resins to help boost color
consistency and streamline product development
for increased speed to market.
KEY CHARACTERISTICS
• Consistent coloring and improved
homogenization with the polymer offer more
efficient processing and waste reduction
• Opaque PEI masterbatches available with
shorter lead times and a range of readily
available standard colors
• Minimum order quantities as low as 5kg (10 lbs)
for improved inventory control
• Robust colorant formulations mean no
disruptions to existing molding processes,
allowing manufacturers to bring products
to market faster and without investing in
new machinery
FEATURES AND COLORS
PEI colorants are manufactured using 100% prime
virgin PEI resin.
https://www.avient.com/sites/default/files/2022-09/Omnicolor Product Bulletin.pdf
KEY CHARACTERISTICS
• Multipurpose, multi-resin colorant concentrates
• Formulated with high quality, heavy metal-free
pigments
• Carrier system designed for compatibility
across different resin systems
• Samples available with quick turnaround in
small lots for customer evaluation
• Available in a wide range of stock and standard
colors*
• Low LDRs—typically 1–3%
• Low minimum order quantities for both stock
and non-stock colors
* Color availability dependent on region or country
PRODUCT BULLETIN
MARKETS AND APPLICATIONS
Omnicolor Multipurpose Colorants can be used for
injection molding, blow molding, or profile and
sheet extrusion processes.
They are suitable for a
wide variety of markets and applications, including:
• Lawn and garden equipment
• Tools and hardware
• Consumer disposables
• Sports/shooting sports
Omnicolor is not suitable for FDA primary
pharmaceutical packaging, cosmetic or medical
applications, and may have limited food contact
compliance.
https://www.avient.com/sites/default/files/2022-12/Cesa Anti-fog Plus Product Bulletin.pdf
With the ever-increasing demand for ready to
eat and ready to cook foods, and the growth of
the food deliver market, lids and protective films
produced with this food contact-safe additives allow
customers to see through the packaging, observing
the quality of the content.
MARKETS AND APPLICATIONS
Cesa Anti-fog Plus additives are formulated for use
in transparent packaging of chilled fresh foods
such as:
• Fruit
• Vegetables
• Meat
• Fresh fish
• Ready-to-cook-food and ready-to-eat meals
These anti-fog plus materials can be incorporated
into mono and multi-layer films such as:
• Lidding barrier film on rigid or
semi-rigid containers
• Stretch film
• Shrink film
https://www.avient.com/sites/default/files/2021-10/gls-tpes-with-antimicrobial-technologies-product-bulletin.pdf
KEY CHARACTERISTICS
• Protects finished part by inhibiting microbial
and fungi growth
• Extends useful life of finished TPE parts by
controlling deterioration caused by mildew
or mold fungus
• Increases product durability, preserves surface
integrity, and minimizes odors
MARKETS & APPLICATIONS
Suitable for high-touch surfaces and applications,
GLS TPEs with antimicrobial technologies add
value in the consumer, packaging and automotive
markets.
https://www.avient.com/sites/default/files/2021-03/wet-grip-tpe-surfco-case-study.pdf
Adding to that success, the material’s ability to retain
traction when wet opened doors for SurfCo to expand
into new markets and applications.
Charging ahead, the
company has continued to leverage Avient’s technology
and technical expertise to pursue the commercialization
of additional anti-skid products for marine and military
vessels, and non-slip products for the pool, bath, and
walkway markets.