https://www.avient.com/industries/packaging/personal-care-packaging/sun-care
Chemical resistant materials deliver high performing sun care packaging
Impress™ High Gloss Colorants - Product Bulletin (Chinese)
OnColor™ Impress™ High Gloss Metallic Effect Colorants (English)
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Annual%2520Report.pdf
We depend on integrated information systems to conduct our business.
We conducted our audit in accordance with the standards of the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB.
https://www.avient.com/industries/healthcare/remote-monitoring-wearables/home-care-monitors
Manufacturer boosts disinfectant resistance for medical device housings using Trilliant HC High Performance Formulations
Looking for excellent chemical resistance high performance applications?
Avient’s portfolio of healthcare colorants includes standard and customized color solutions for a variety of polymers, from polyolefins, PC, PEBA, ABS, and styrenics to high temperature polysulfone resins.
https://www.avient.com/news/avient-feature-specialty-technologies-and-services-healthcare-mdm-west-2023
Colorant Chromatics™ Transcend™ Premier Healthcare Colorants are bright, high-temperature solutions developed specifically for medical applications.
They are offered in pre-colored or concentrate form in a range of vivid opaque and transparent colors that are fully bio-compatible per ISO 10993 standards to provide ultra-high-heat resistance and performance without compromising safety.
ColorWorks centers provide invaluable ideas, inspirations, and technical guidance to help establish high-impact color concepts and differentiate brands and products.
https://www.avient.com/news/specialty-healthcare-polymer-solutions-be-showcased-avient-mdm-west-2024
To download a high-resolution image, please click here: FOR MEDIA USE ONLY
Colorant Chromatics™ Transcend™ Premier Healthcare Colorants: high-temperature solutions developed specifically for medical applications.
Based in polysulfone resins, they provide ultra-high-heat resistance and performance without compromising safety while also responding to the needs of extended shelf life.
https://www.avient.com/products/thermoplastic-elastomers/resound-rec-recycled-content-thermoplastic-elastomers
Lawn and garden, outdoor high performance, personal care, footwear, office supplies, houseware durables
Transportation, lawn and garden, outdoor high performance, personal care, footwear, office supplies, houseware durables
Lawn and garden, outdoor high performance, personal care, footwear, office supplies, houseware durables and automotive
https://www.avient.com/news/avient-showcases-new-sustainable-solutions-and-recent-compliance-certifications-itma-2023
To download a high-resolution image, please click here: FOR MEDIA USE ONLY
In addition to facilitating a more sustainable cellulosic dyeing process for textile processors, ITOFIX EVO dyes are formulated to contribute to the reduction of hazardous substances from the textile supply chain without compromising on high levels of color fastness performance.
The bluesign® label is a well-known label for textiles that certifies increased sustainable chemistry and high product safety in the textile industry.
https://www.avient.com/sites/default/files/2021-04/onflex-s-garden-hose-hand-grip-case-study.pdf
The company valued the high
quality and technical precision offered by this specialized
production line.
These savings help the company
to achieve high margins on its top-of-the-line sprayers
Maintaining aesthetics is vital to keeping the
high end, high quality brand image.
https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
In the electronics
industry, plastic enclosures and connectors not only enhance safety through electrical insulation, but thermally and
electrically conductive plastics provide heat transferring, cooling, anti-static, electrostatic discharge, and
electromagnetic shielding performance for critical applications including integrated circuit chip packaging.
We conducted our audit in accordance with the standards of the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB.
https://www.avient.com/sites/default/files/2021-04/avient-q4-earnings-and-2021-outlook-website.pdf
Purchase price multiple rapidly
declining on strength of business and
synergy capture
(1) (1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
7
SEM
• Composites and Outdoor High
Performance applications drove
positive mix within SEM
• Clariant Masterbatch synergy
realization under way and
expected to drive further margin
expansion in 2021
• Portfolio transformation to high
growth end markets with focus on
sustainable solutions megatrend
10.1%
11.8%
EBITDA MARGIN EXPANSION
Distribution
6.3% 6.0%
15.2%
17.6%
11.1%
12.1%
14.5%
19.8%
13.5%
16.1%
6.4% 6.3%
15.2% 16.2%
Full YearQ4
(2)
(2) Total company reflects adjusted EBITDA margins
SPOTLIGHT: COMPOSITES
8
• SEM delivers a record year in 2020 – 13%
operating income growth and over 200 bps
in margin expansion year-over-year
• Prior investments in composites platform
and outdoor high performance applications
paying off, resulting in substantial growth
over the last two years
SEM
Operating
Income
(OI % of Sales)
$(0.1) $(1.0)
$2.2
$19.1
$26.8
2016 2017 2018 2019 2020
Composites
Performance
(Operating Income)
$83.7
$94.4
2019 2020
(11.2%)
(13.3%)
0.1 0.1
0.2
0.5
0.6
0.7
0.8
0.9
0.9 1.0
11 12 13 14 15 16 17 18 19 20
$19
$160
$338
2011 2019 2020
0.16
0.20
0.26
0.34
0.42
0.50
0.58
0.72
0.79 0.81
0.85
11 12 13 14 15 16 17 18 19 20 21E
FREE CASH FLOW AND CAPITAL ALLOCATION
9
Free Cash Flow Dividends Share Repurchases Deleveraging
3.5x
2.7x
Growing Dividend Cumulative Buybacks Net Leverage
$B
n
$
p
e
r
sh
ar
e
Cash Generation
~$1Bn
REPURCHASED
OVER LAST 10 YEARS
~$350MM
PAID OVER LAST 10 YEARS
~$338MM 2.7x
NET LEVERAGE
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
GREAT PLACE TO WORK!
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
Median: 83% Median: 76%
HIGH FREE CASH FLOW
CONVERSION
Avient reflects 2021 estimated EBITDA of $510M and excludes one-time synergy capture CAPEX ($20M)
85 87 86 86
81 81
59
92
88
81 79 79 79
76 76 75 73
67 67 64
60
7
Total Enterprise Value / 2021E EBITDA
Our current valuation implies an
EBITDA multiple that is significantly
below specialty formulator peers and
our historic valuations, when the
company had considerable exposure
to more cyclical and challenging end
markets.
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.
24
Avient reflects 2021 estimated EBITDA of $510M
OUR VALUATION VERSUS PEERS
Avient Specialty
Other
9.5
21.1
13.2 13.2
12.0 12.0
9.7
25.2
23.1
14.7
13.5 12.9
11.0 11.0 11.0 10.2
9.6 9.3 9.3 9.1 8.6 8.3
Median: 11.0xMedian: 12.6x
SUMMARY: WHY INVEST IN AVIENT?