https://www.avient.com/sites/default/files/2024-11/AVNT M11 Investor Presentation_w_Non-GAAP.pdf
&
Canada
EMEA
Asia
Latin America
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
41%
36%
18%
5%
7%
7%
23%
19%
9%
16%
10%
5% 4%
Defense
Healthcare
Packaging
Consumer
Building &
Construction
Industrial
Transportation
Energy Telecom
Geography
Segment
Industry
2024 Financial Guidance
$525 to $530 million
Adjusted EBITDA
$2.63 to $2.67
Adjusted EPS
4
Industry Sustainability Standards
ESG Ratings Performance
1
2
4
87th
94th
percentile
Avient CDP Score:
A-
SUSTAINABILITY PERFORMANCE
AND RECOGNITION
O C T O B E R 3 1 , 2 0 2 4
W E B C A S T
P R E S E N TA T I O N
6
Q3 2024 HIGHLIGHTS
• 8.5% organic sales growth driven by broad-based
growth across all regions and most end markets in both
CAI and SEM segments
• Growth stemmed from gaining share, winning new
product specifications and restocking in certain end
markets
• Both segments expanded YoY EBITDA margins by 40
bps each
• Adjusted EPS of $0.65, an increase of 14% vs the
prior year
• Successfully refinanced $650M outstanding senior
notes due 2025; extending maturity to 2031
• Increased dividend 5% to $1.08 on an annualized
basis; 14th consecutive increase
Adj.
FX +8.5%
FX -0.4%
Total Avient +8.1%
Note: Regional Sales Percentages exclude impact of foreign exchange
COLOR, ADDITIVES & INKS SEGMENT
( Q 3 2 0 2 4 P E R F O R M A N C E V S Q 3 2 0 2 3 )
$487
$522
Q3 23 Q3 24
$89
$97
Q3 23 Q3 24
Sales Adjusted EBITDA
(in millions) (in millions)
Sales Adjusted EBITDA
10
+ 7%
(+8% excluding FX)
+ 9%
(+11% excluding FX)
18.3%
+40 bps *18.7%
*
* Adjusted EBITDA Margin %
• Sales growth driven by winning
new product specifications in
consumer & packaging, strong
underlying demand in healthcare
and improving demand in building
& construction
• Favorable mix and raw material
deflation contributed to EBITDA
margin expansion
SPECIALTY ENGINEERED MATERIALS SEGMENT
( Q 3 2 0 2 4 P E R F O R M A N C E V S Q 3 2 0 2 3 )
$268
$295
Q3 23 Q3 24
$51
$57
Q3 23 Q3 24
Sales Adjusted EBITDA
(in millions) (in millions)
Sales Adjusted EBITDA
11
• Sales growth driven by restocking
in healthcare & consumer end
markets and strong underlying
demand for composite
applications used in building &
construction, energy and defense
end markets
• Favorable mix contributed to
EBITDA margin expansion
+ 10%
(+10% excluding FX)
+ 12%
(+13% excluding FX)
19.0%
+40 bps *19.4%
*
* Adjusted EBITDA Margin %
2 0 2 4 G U I D A N C E
FY 20 24 GUIDA NC E
Previous (Aug 6) Current
Adjusted EPS $2.55 to $2.70 $2.63 to $2.67
Adjusted EBITDA $515 to $540 million $525 to $530 million
Interest Expense $105 million $104 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures &
Investment in S/4 Hana
~$140 million ~$140 million
13
14
• Investor Day to be held December 4, 2024 at
the NYSE, beginning at 10AM
• The focus will be to do a deep dive on the
Company’s strategy
• Registration available at
www.avient.com/investors
20 24 AVI ENT INVESTOR DAY
A P P E N D I X
17
Performance
Additives
15%
Pigments
13%
TiO2
9%
Dyestuffs
2%
Polyethylene
10%Nylon
5%
Polypropylene
4%
Styrenic Block
Copolymer
4%
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RA W MATERI AL BA SKET
SEGMENT DATA
U.S. & Canada
41%
EMEA
36%
Asia
18%
Latin America
5%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
19%
Packaging
23%Industrial
16%
Building and
Construction
9%
Telecommunications
4%
Energy
5%
Defense
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
Transportation
10%
Healthcare
7%
19
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2 0 2 3 R E V E N U E | $ 2 . 0 B I L L I O N
US & Canada
34%
EMEA
37%
Asia
21%
Latin America
8%
END MARKET REGION
20
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
9%
Building &
Construction
10%
Telecommunications
1% Energy
2%
COLOR , AD DI TI VES & INKS
2 0 2 3 R E V E N U E | $ 1 . 1 B I L L I O N
US & Canada
52%
EMEA
35%
Asia
13%
21
Packaging
5%
Consumer
16%
Healthcare
6%Industrial
16%
Transportation
12%
Telecommunications
9%
Energy
10% Defense
18%
Building &
Construction
8%
END MARKET REGION
SPEC IA LTY ENGI NEER ED MATERI ALS
Packaging
32%
Consumer
26%
Healthcare
9%
Industrial
13%
Building &
Construction
6%
Telecommunications
2%
Energy
2% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 3 AV I E N T R E G I O N A L S A L E S
Packaging
25%
Consumer
13%
Healthcare
5%
Industrial
18%
Building &
Construction
9%
Energy
5%
Defense
8%
EMEA
(36% of sales)Transportation
13%
Packaging
13%
Consumer
22%
Healthcare
10%
Industrial
16%
Building &
Construction
12%
Energy
6%
Defense
8%
US &
Canada
(41% of sales)
Transportation
9%
Packaging
59%
Consumer
22%
Healthcare
2%
Industrial
8%
Building &
Construction
4%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
4%
Telecommunications
4%
22
B Y E N D M A R K E T
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
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
September 30,
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 38.2 $ 0.41 $ 5.1 $ 0.06
Special items, after-tax 6.6 0.07 32.0 0.35
Amortization expense, after-tax 15.0 0.16 15.2 0.16
Adjusted net income / EPS $ 59.8 $ 0.65 $ 52.3 $ 0.57
(1) Per share amounts may not recalculate from figures presented herein due to rounding
Three Months Ended
September 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023
Net income from continuing operations – GAAP $ 38.7 $ 5.1
Income tax expense (benefit) 11.3 (0.1)
Interest expense, net 26.9 30.3
Depreciation & amortization 45.1 46.4
EBITDA from continuing operations $ 122.0 $ 81.7
Special items, before tax 9.7 43.2
Interest expense included in special items (1.3) (2.2)
Depreciation & amortization included in special items (0.4) —
Adjusted EBITDA $ 130.0 $ 122.7
Adjusted EBITDA as a percent of sales 15.9 % 16.3 %
1
Three Months Ended
September 30,
2024 2023
Sales:
Color, Additives and Inks $ 521.5 $ 486.5
Specialty Engineered Materials 294.6 267.9
Corporate (0.9) (0.7)
Sales $ 815.2 $ 753.7
Operating income:
Color, Additives and Inks $ 75.5 $ 64.5
Specialty Engineered Materials 36.4 30.3
Corporate (34.7) (60.5)
Operating income $ 77.2 $ 34.3
Depreciation & amortization:
Color, Additives and Inks $ 21.9 $ 24.6
Specialty Engineered Materials 20.7 20.5
Corporate 2.5 1.3
Depreciation & amortization $ 45.1 $ 46.4
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 97.4 $ 89.1
Specialty Engineered Materials 57.1 50.8
Corporate (32.2) (59.2)
Other (expense) income, net (0.3) 1.0
EBITDA from continuing operations $ 122.0 $ 81.7
Special items, before tax 9.7 43.2
Interest expense included in special items (1.3) (2.2)
Depreciation & amortization included in special items (0.4) —
Adjusted EBITDA $ 130.0 $ 122.7
Adjusted EBITDA as a percent of sales:
Color, Additives and Inks 18.7 % 18.3 %
Specialty Engineered Materials 19.4 % 19.0 %
2
Year Ended
December 31, 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS
Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83
Special items, after-tax 79.3 0.86
Amortization expense, after-tax 61.5 0.67
Adjusted net income / EPS $ 216.6 $ 2.36
Adjusted Free Cash Flow Calculation December 31, 2023
Cash provided by operating activities $ 201.6
Capital expenditures (119.4)
Free cash flow 82.2
Taxes paid on gain on sale of business 104.1
Adjusted free cash flow $ 186.3
Year Ended
December 31, 2023
Sales:
Color, Additives and Inks $ 2,007.4
Specialty Engineered Materials 1,138.2
Corporate (2.8)
Sales $ 3,142.8
Operating income:
Color, Additives and Inks $ 259.9
Specialty Engineered Materials 142.5
Corporate (205.6)
Operating income $ 196.8
Depreciation & amortization:
Color, Additives and Inks $ 98.3
Specialty Engineered Materials 81.5
Corporate 9.0
Depreciation & amortization $ 188.8
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 358.2
Specialty Engineered Materials 224.0
Corporate (196.6)
Other income, net 5.8
EBITDA from continuing operations 391.4
Special items, before tax 114.6
Interest expense included in special items (2.3)
Depreciation & amortization included in special items (1.9)
Adjusted EBITDA $ 501.8
Adjusted EBITDA as a percent of sales 16.0 %
3
Avient M11 Investor Presentation.pdf
IR Deck - AVNT-2024.09.30 (M11) - 11.05.24 11AM.pdf
Attachment
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
& Canada
41%
EMEA
36%
Asia
18%
Latin America
5%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
19%
Packaging
23%Industrial
16%
Building and
Construction
9%
Telecommunications
4%
Energy
5%
Defense
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
Transportation
10%
Healthcare
7%
18
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2 0 2 3 R E V E N U E | $ 2 . 0 B I L L I O N
US & Canada
34%
EMEA
37%
Asia
21%
Latin America
8%
END MARKET REGION
19
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
9%
Building &
Construction
10%
Telecommunications
1% Energy
2%
COLOR, ADDITIVES & INKS
2 0 2 3 R E V E N U E | $ 1 . 1 B I L L I O N
US & Canada
52%
EMEA
35%
Asia
13%
20
Packaging
5%
Consumer
16%
Healthcare
6%Industrial
16%
Transportation
12%
Telecommunications
9%
Energy
10% Defense
18%
Building &
Construction
8%
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
Packaging
32%
Consumer
26%
Healthcare
9%
Industrial
13%
Building &
Construction
6%
Telecommunications
2%
Energy
2% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 3 AV I E N T R E G I O N A L S A L E S
Packaging
25%
Consumer
13%
Healthcare
5%
Industrial
18%
Building &
Construction
9%
Energy
5%
Defense
8%
EMEA
(36% of sales)Transportation
13%
Packaging
13%
Consumer
22%
Healthcare
10%
Industrial
16%
Building &
Construction
12%
Energy
6%
Defense
8%
US &
Canada
(41% of sales)
Transportation
9%
Packaging
59%
Consumer
22%
Healthcare
2%
Industrial
8%
Building &
Construction
4%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
4%
Telecommunications
4%
21
B Y E N D M A R K E T
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
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
March 31,
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 49.4 $ 0.54 $ 20.8 $ 0.23
Special items, after-tax 5.5 0.06 22.3 0.24
Amortization expense, after-tax 14.9 0.16 15.1 0.16
Adjusted net income / EPS $ 69.8 $ 0.76 $ 58.2 $ 0.63
Three Months Ended
March 31,
Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023
Net income from continuing operations – GAAP $ 49.7 $ 21.3
Income tax expense 16.8 7.7
Interest expense, net 26.6 28.8
Depreciation and amortization 44.3 50.5
EBITDA from continuing operations 137.4 108.3
Special items, before tax 6.2 27.3
Depreciation and amortization included in special items (0.5) (1.8)
Adjusted EBITDA $ 143.1 $ 133.8
Adjusted EBITDA as a percent of sales 17.3 % 15.8 %
1
Three Months Ended
March 31,
2024 2023
Sales:
Color, Additives and Inks $ 515.3 $ 537.0
Specialty Engineered Materials 314.4 309.7
Corporate (0.7) (1.0)
Sales $ 829.0 $ 845.7
Operating income:
Color, Additives and Inks $ 74.8 $ 65.6
Specialty Engineered Materials 53.4 43.1
Corporate (34.2) (51.6)
Operating income $ 94.0 $ 57.1
Depreciation & amortization:
Color, Additives and Inks $ 21.9 $ 25.8
Specialty Engineered Materials 19.6 21.2
Corporate 2.8 3.5
Depreciation & amortization $ 44.3 $ 50.5
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 96.7 $ 91.4
Specialty Engineered Materials 73.0 64.3
Corporate (31.4) (48.1)
Other (expense) income, net (0.9) 0.7
EBITDA from continuing operations 137.4 108.3
Special items, before tax 6.2 27.3
Depreciation and amortization included in special items (0.5) (1.8)
Adjusted EBITDA $ 143.1 $ 133.8
Adjusted EBITDA as a percent of sales:
Color, Additives and Inks 18.8 % 17.0 %
Specialty Engineered Materials 23.2 % 20.8 %
2
Year Ended
December 31, 2023
Sales:
Color, Additives and Inks $ 2,007.4
Specialty Engineered Materials 1,138.2
Corporate (2.8)
Sales $ 3,142.8
Operating income:
Color, Additives and Inks $ 259.9
Specialty Engineered Materials 142.5
Corporate (205.6)
Operating income $ 196.8
Depreciation & amortization:
Color, Additives and Inks $ 98.3
Specialty Engineered Materials 81.5
Corporate 9.0
Depreciation & amortization $ 188.8
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 358.2
Specialty Engineered Materials 224.0
Corporate (196.6)
Other income, net 5.8
EBITDA from continuing operations 391.4
Special items, before tax 114.6
Interest expense included in special items (2.3)
Depreciation and amortization included in special items (1.9)
Adjusted EBITDA $ 501.8
3
AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP.pdf
Avient corporation�first quarter 2024 results and 2024 financial guidance
DISCLAIMER
Slide Number 3
Regional demand trends-total company�Q1 Sales vs PY (Excluding FX)
Slide Number 5
Slide Number 6
Slide Number 7
Slide Number 8
Slide Number 9
Slide Number 10
Slide Number 11
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
2023 segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 21
IR Deck - AVNT-2024.03.31 5.06 11AM v2 (002).pdf
Attachment
https://www.avient.com/sites/default/files/2024-08/Avient AUG 2024 Investor Presentation- w Non-GAAP.pdf
&
Canada
EMEA
Asia
Latin America
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
41%
36%
18%
5%
7%
7%
23%
19%
9%
16%
10%
5% 4%
Defense
Healthcare
Packaging
Consumer
Building &
Construction
Industrial
Transportation
Energy Telecom
Geography
Segment
Industry
2024 Financial Guidance
$515 to $540 million
Adjusted EBITDA
$2.55 to $2.70
Adjusted EPS
4
Industry Sustainability Standards
ESG Ratings Performance
1
2
4
87th
94th
percentile
Avient CDP Score:
A-
SUSTAINABILITY PERFORMANCE
AND RECOGNITION
A U G U S T 6 , 2 0 2 4
W E B C A S T
P R E S E N TA T I O N
6
Q2 2024 HIGHLIGHTS
• 5% organic sales growth supported by
broad-based growth across all regions
in both CAI and SEM segments
• Growth stemmed from gaining share,
winning new product specifications
and restocking in certain end markets
• Cost control and operational
discipline expanded EBITDA margins
by 100 bps
• EPS exceeded guidance by $0.05
and increased 21% vs the prior year
Adj.
FX +4.6%
FX -1.5%
Total Avient +3.1%
Note: Regional Sales Percentages exclude impact of foreign exchange
Q2 2024 SEGMENT PERFORMANCE
( C O L O R , A D D I T I V E S & I N K S )
$525
$542
Q2 23 Q2 24
$94
$108
Q2 23 Q2 24
19.9%
Sales Adjusted EBITDA
(in millions) (in millions)
Sales Adjusted EBITDA
10
17.9%
+200 bps
*
*
* Adjusted EBITDA Margin %
• Organic sales growth in all
regions led by Americas
• Raw material deflation combined
with cost reduction actions drove
EBITDA margin expansion
+ 3%
(+5% excluding FX)
+ 15%
(+17% excluding FX)
Q2 2024 SEGMENT PERFORMANCE
( S P E C I A LT Y E N G I N E E R E D M AT E R I A L S )
$301
$308
Q2 23 Q2 24
$60
$64
Q2 23 Q2 24
20.6%
Sales Adjusted EBITDA
(in millions) (in millions)
Sales Adjusted EBITDA
11
19.8%
+80 bps
*
*
* Adjusted EBITDA Margin %
• Sales growth in consumer,
healthcare and building &
construction end markets offset
by weaker demand in
telecommunications
• EBITDA margin expansion
driven by positive end market
mix as well as raw material
deflation
+ 2%
(+4% excluding FX)
+ 7%
(+8% excluding FX)
2 0 2 4 G U I D A N C E
FY 20 24 GUIDA NC E
Previous (May 7) Current
Adjusted EBITDA $510 to $535 million $515 to $540 million
Adjusted EPS $2.50 to $2.65 $2.55 to $2.70
Interest Expense $105 million $105 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures ~$140 million ~$140 million
13
Q3 2024: Adjusted EPS of $0.62
14
Highlights
• Provides performance updates on 2030
Sustainability Goals
• Reduced company’s Scope 1 & 2 GHG emissions
by 48% since 2019
• Highlights ESG performance ratings, certifications,
and awards, including recent upgrades by
Ecovadis to Gold and CDP to A-
• Reflects Great Place to Work® culture focused on
health, safety and employee engagement
20 23 SUSTAI NA BILI TY REPORT
14
Sustainability for a
Better Tomorrow
2023
SUSTAINABILITY REPORT
15
• Investor Day to be held December 4, 2024 in
New York, NY
• The focus will be to do a deep dive on the
Company’s strategy
• Further details to be communicated
20 24 AVI ENT INVESTOR DAY
A P P E N D I X
18
Performance
Additives
15%
Pigments
13%
TiO2
9%
Dyestuffs
2%
Polyethylene
10%Nylon
5%
Polypropylene
4%
Styrenic Block
Copolymer
4%
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RA W MATERI AL BA SKET
SEGMENT DATA
U.S. & Canada
41%
EMEA
36%
Asia
18%
Latin America
5%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
19%
Packaging
23%Industrial
16%
Building and
Construction
9%
Telecommunications
4%
Energy
5%
Defense
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
Transportation
10%
Healthcare
7%
20
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2 0 2 3 R E V E N U E | $ 2 . 0 B I L L I O N
US & Canada
34%
EMEA
37%
Asia
21%
Latin America
8%
END MARKET REGION
21
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
9%
Building &
Construction
10%
Telecommunications
1% Energy
2%
COLOR , AD DI TI VES & INKS
2 0 2 3 R E V E N U E | $ 1 . 1 B I L L I O N
US & Canada
52%
EMEA
35%
Asia
13%
22
Packaging
5%
Consumer
16%
Healthcare
6%Industrial
16%
Transportation
12%
Telecommunications
9%
Energy
10% Defense
18%
Building &
Construction
8%
END MARKET REGION
SPEC IA LTY ENGI NEER ED MATERI ALS
Packaging
32%
Consumer
26%
Healthcare
9%
Industrial
13%
Building &
Construction
6%
Telecommunications
2%
Energy
2% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 3 AV I E N T R E G I O N A L S A L E S
Packaging
25%
Consumer
13%
Healthcare
5%
Industrial
18%
Building &
Construction
9%
Energy
5%
Defense
8%
EMEA
(36% of sales)Transportation
13%
Packaging
13%
Consumer
22%
Healthcare
10%
Industrial
16%
Building &
Construction
12%
Energy
6%
Defense
8%
US &
Canada
(41% of sales)
Transportation
9%
Packaging
59%
Consumer
22%
Healthcare
2%
Industrial
8%
Building &
Construction
4%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
4%
Telecommunications
4%
23
B Y E N D M A R K E T
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
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
June 30,
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 33.6 $ 0.36 $ 22.1 $ 0.24
Special items, after-tax 21.8 0.24 19.6 0.21
Amortization expense, after-tax 14.8 0.16 16.2 0.18
Adjusted net income / EPS $ 70.2 $ 0.76 $ 57.9 $ 0.63
Three Months Ended
June 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023
Net income from continuing operations – GAAP $ 33.8 $ 22.3
Income tax expense 11.2 10.4
Interest expense, net 26.6 29.4
Depreciation & amortization 44.9 47.6
EBITDA from continuing operations $ 116.5 $ 109.7
Special items, before tax 28.1 21.7
Interest expense included in special items (1.0) —
Depreciation & amortization included in special items (0.3) (0.1)
Adjusted EBITDA $ 143.3 $ 131.3
Adjusted EBITDA as a percent of sales 16.9 % 15.9 %
1
Three Months Ended
June 30,
2024 2023
Sales:
Color, Additives and Inks $ 542.0 $ 524.5
Specialty Engineered Materials 308.1 300.8
Corporate (0.4) (0.9)
Sales $ 849.7 $ 824.4
Operating income:
Color, Additives and Inks $ 86.1 $ 68.0
Specialty Engineered Materials 42.8 39.7
Corporate (56.4) (45.4)
Operating income $ 72.5 $ 62.3
Depreciation & amortization:
Color, Additives and Inks $ 21.8 $ 25.7
Specialty Engineered Materials 20.8 19.9
Corporate 2.3 2.0
Depreciation & amortization $ 44.9 $ 47.6
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 107.9 $ 93.7
Specialty Engineered Materials 63.6 59.6
Corporate (54.1) (43.4)
Other expense, net (0.9) (0.2)
EBITDA from continuing operations 116.5 109.7
Special items, before tax 28.1 21.7
Interest expense included in special items (1.0) —
Depreciation & amortization included in special items (0.3) (0.1)
Adjusted EBITDA $ 143.3 $ 131.3
Adjusted EBITDA as a percent of sales:
Color, Additives and Inks 19.9 % 17.9 %
Specialty Engineered Materials 20.6 % 19.8 %
2
Year Ended
December 31, 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS
Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83
Special items, after-tax 79.3 0.86
Amortization expense, after-tax 61.5 0.67
Adjusted net income / EPS $ 216.6 $ 2.36
Adjusted Free Cash Flow Calculation December 31, 2023
Cash provided by operating activities $ 201.6
Capital expenditures (119.4)
Free cash flow 82.2
Taxes paid on gain on sale of business 104.1
Adjusted free cash flow $ 186.3
Year Ended
December 31, 2023
Sales:
Color, Additives and Inks $ 2,007.4
Specialty Engineered Materials 1,138.2
Corporate (2.8)
Sales $ 3,142.8
Operating income:
Color, Additives and Inks $ 259.9
Specialty Engineered Materials 142.5
Corporate (205.6)
Operating income $ 196.8
Depreciation & amortization:
Color, Additives and Inks $ 98.3
Specialty Engineered Materials 81.5
Corporate 9.0
Depreciation & amortization $ 188.8
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 358.2
Specialty Engineered Materials 224.0
Corporate (196.6)
Other income, net 5.8
EBITDA from continuing operations 391.4
Special items, before tax 114.6
Interest expense included in special items (2.3)
Depreciation & amortization included in special items (1.9)
Adjusted EBITDA $ 501.8
Adjusted EBITDA as a percent of sales 16.0 %
3
AVNT M8 Investor Presentation.pdf
Avient Disclaimer SLide.pdf
AVNT M8 Investor Presentation
IR Deck - AVNT-2024.06.30 (M8) (8.26.24 11AM Milestone August 26 1053 am).pdf
Attachment
https://www.avient.com/sites/default/files/2024-11/SEM Selection Guide.pdf
NAME BASE RESIN(S) TARGET MARKETS/ APPLICATIONS AVAILABLE FEATURES
1
Artisan™
Pre-Colored
Thermoplastics
ABS, PA
Powersports,
Lawn & Garden, Marine,
Electronics,
Home Appliances,
Cosmetic Packaging
Customizable pre-color solutions
Scratch & mar resistance
Weatherability & UV resistance
High impact resistance
Chemical resistance
Simplifies processing/replaces paint
Tailored temperature performance range: -20°C to 105°C
Bergadur™ Polyester
Formulations
PBT
Transportation, Consumer,
Industrial
High strength
Good creep rupture strength
Good chemical and heat resistance
Low friction and good abrasion resistance
Complēt™ Long Fiber
Reinforced Structural
Thermoplastics/
OnForce™ Long
Glass Fiber Reinforced
Polypropylene Composites
PA, PK, PP, PPA, PPS,
TPU
Consumer,
Transportation, Industrial
Long fiber technology
Elevated impact and mechanical properties at
room temperature
Increased performance at temperature extremes
Excellent creep and fatigue resistance
Glass and carbon fiber filled options
Lubricated, fire retardant, and pre-colored options
PK-based formulations offer reduced carbon footprint
as a result of the base resin
Recycled grades formulated with up to 100% post-
industrial recycled (PIR) or post-consumer recycled
(PCR) content
Edgetek™ Engineered
Polymer Formulations
ABS, LCP, PA, PC, PC/
ABS, PC/PBT, PC/PET,
PC/PSU, PEEK, PES,
PEI, POM, PPA, PPS,
PSU
Transportation,
Consumer, Industrial,
Telecommunications,
Electrical & Electronics
Strength and durability
Chemical and temperature resistance
High impact resistance
Weatherability
Flame retardant grades: UL 94 V-0, V-1, V-2, and 5VA
Low-density grades for weight reduction
5G properties – customizable Dk/Df and 3D/LDS
solutions
Edgetek™ REC PC
Recycled Polycarbonate
Solutions
PC
Electrical & Electronics,
Consumer Goods,
Transportation
Contain 25–70% PIR or PCR content
Comparable performance to prime PC formulations
Edgetek™ PKE
Polyketone
Formulations
PK
Electrical & Electronics,
Industrial, Consumer,
Transportation
Excellent chemical resistance
Good strength, durability and dimensional stability
Pre-colored formulations
Non-halogen, flame retardant performance
to UL 94 V-0
Reduced carbon footprint compared to PA6 and PA66
1 See technical data sheets for complete product details
SPECIALTY ENGINEERED THERMOPLASTICS
NAME BASE RESIN(S) TARGET MARKETS/ APPLICATIONS AVAILABLE FEATURES
1
Gravi-Tech™ Density
Modified Formulations PA, TPU, TPE, PBT
Consumer,
Transportation, Industrial
Customized density, from 1.5 to 11 gm/cm3
Broad modulus and strength: flexible to rigid
Chemical and corrosion resistance
Alternative to lead and other traditional dense metals
Suitable for metallization and electroplating
Low-shrinkage grades available
Gravi-Tech™ BIO
Bio-based Formulations Bio-based PP
Cosmetic Caps &
Closures, Perfume Caps,
Spirit Bottle Caps,
Luxury Boxes,
Handles & Knobs
Customized density, from 1.5 to 11 gm/cm3
Formulated with partially bio-based resin from
renewable plant sources
Achieve equivalent performance to prime density
modified solutions
Gravi-Tech™ REC Recycled
Formulations rPP, rABS, rPA
Cosmetic Caps &
Closures, Perfume Caps,
Spirit Bottle Caps,
Luxury Boxes,
Handles & Knobs
Customized density, from 1.5 to 11 gm/cm3
Based on recycled resin and/or filler from
PIR and/or PCR sources
Achieve equivalent performance to prime density
modified solutions
LubriOne™ Internally
Lubricated Formulations/
LubriOne™ PKE Polyketone
Formulations
PA, PBT, PC, PEEK,
PEI, PK, POM, PP, PPA,
PPS, PS
Transportation,
Electrical & Electronics,
Industrial
Low coefficient of friction
Self-lubricating
Chemical, wear, and corrosion resistance
PK-based formulations can offer a reduced carbon
footprint compared to PA6, PA66 and POM
Grades avoiding the use of fluorinated lubricants such
as PTFE are available
Maxxam™
Polyolefin Formulations PP
Consumer, Transportation,
Electrical & Electronics,
Industrial
Homopolymer and co-polymer grades
Optional additives: UV, heat stabilizers
Standard grades available in natural and black
Maxxam™ BIO
Bio-Based Polyolefin
Formulations
P P
Consumer, Transportation,
Electrical & Electronics,
Industrial
Formulated with 10–50% bio-content including
bio-based resin and/or filler
Bio-filler from sources including olive seed powder,
recycled coffee grounds, cellulose fiber
Achieves equivalent performance to standard
polyolefin formulations
Maxxam™ FR Flame
Retardant Polyolefin
Formulations
PE, PP
Consumer, Transportation,
Electrical & Electronics,
Industrial, Energy
Flame retardant grades: UL 94 V-0, V-1, V-2, and 5VA
Elevated UL RTI ratings
Halogen-free flame retardant grades available
Maxxam™ REC
Recycled Polyolefin
Formulations
PP
Consumer, Transportation,
Electrical & Electronics,
Industrial
Formulated with 25–100% recycled resin from
PIR and PCR sources
Achieves equivalent performance to standard
polyolefin formulations
Nymax™/Bergamid™
Polymer Formulations
PA 6, 66, 612, 12,
co-polymers
Transportation,
Building & Construction,
Electrical & Electronics
Toughened grades: medium and high impact
Optional additives: heat stabilized, lubricated, impact
modified, nucleated
Standard grades available in natural and black
Pre-colored solutions available
Nymax™ BIO Bio-based
Polyamide Solutions Bio-based PA
Transportation,
Consumer Goods,
Industrial,
Building & Construction
Formulated with 16–47% natural filler, reducing
the carbon footprint
Excellent surface appearance and colorability
Lower warpage compared with PA66 glass
fiber-filled materials
Equivalent performance to PA66 glass
fiber-filled materials
Excellent dimensional stability and property retention
rate after water uptake
Nymax™ REC Recycled
Nylon Formulations PA6, PA66
Transportation, Consumer,
Household Appliances,
Electrical & Electronics,
Industrial
Contains 20–100% recycled content
PIR and PCR grades available
Support the circular economy
Comparable performance to prime grades
Super tough formulations available
Customizable solution
NAME BASE RESIN(S) AVAILABLE FEATURES1
NEUSoft™ Thermoplastic
Polyurethanes and
NEU™ Custom Capabilities
PEBA, TPU, PA 11,
PA 12, PP, PE, TPE
Radiopacifiers, stabilizers, and surface modifiers
Antimicrobial technologies
Pre-colored formulations
Small lot capabilities
Short lead times
Trilliant™ HC Healthcare
Thermoplastics
ABS, LCP, PA, PA 6,
PA 66, PC, PC/ABS,
PC/PSU, PEBA, PEEK,
PES, PK, POM, PPA,
PSU
Certified to USP Class VI
Formulations locked down
Drug master file submissions by product stewardship
Pre-colored, small lot production down to 50 lb–250 lb
Sterilization, chemical resistance, and secondary process guidance
Adherence to FDM-GMP manufacturing standards
Antimicrobial technologies
Materials for radiation shielding protection
PK-based formulations offer reduced carbon footprint as a result of the base resin
Versaflex™ HC
Thermoplastic Elastomers
TPE
Overmolding
Clear and heat resistant
Ultra clear grades
Ultra soft TPE gels, 30 Shore OO
FDA, USP Class VI, ISO 10993 approved grades
Sterilizable under autoclave, radiation, and EtO gas
Extrusion, injection, and blow moldable
Bio-based formulations available
HEALTHCARE SPECIALTY FORMULATIONS
1 See technical data sheets for complete product details
SPECIALTY ENGINEERED THERMOPLASTICS
NAME BASE RESIN(S) TARGET MARKETS/ APPLICATIONS AVAILABLE FEATURES
1
PREPERM™
Low-Loss Dielectric
Thermoplastics
PPE, PBT, ABS, PP Telecommunications, Transportation
Stable and controlled dielectric performance
Ultra-low transmission loss at mmWave frequencies
up to 220 GHz
Dielectric constant (Dk) range spanning 2.55 to 23
Stat-Tech™
Static Dissipative
& Electrically Conductive
Formulations
ABS, PA, PC, PC/ABS,
PC/PSU, PEEK, PEI,
PES, PP, PPA
Transportation,
Electrical & Electronics
Integrated EMI/RFI shielding
Conductive properties
Anti-static/dissipative properties
Corrosion resistance
Lightweighting and ease of processing
Clean room materials for semiconductors available
TPE grades are available (see page 6)
Surround™
EMI/RFI Shielding
Formulations
ABS, PP, PBT, PC,
PA 66
Transportation,
Electrical & Electronics
Integrated EMI/RFI shielding
Long fiber technology
Conductive properties
Galvanic corrosion protection
Lightweighting and ease of processing
Therma-Tech™
Thermally Conductive
Formulations
LCP, PA, PEEK, PP,
PPA, PPS Consumer, Transportation
Thermally conductive
Low coefficient of thermal expansion
Corrosion resistance
1 See technical data sheets for complete product details
NAME BASE RESIN(S) AVAILABLE FEATURES1
ECCOH™ Low Smoke
and Fume Non-Halogen
Formulations
PE, PP, TPE, EVA
Flame retardant, low smoke and fume, non-halogen (LSFOH)
Flexible, low friction, easy-peel, and high-speed processing
Compatible with Avient colorants and additives
ECCOH™ XL Cross-Linkable
Solutions
XLPE
Enhances the performance of traditional ECCOH LSFOH solutions
Improved oil, chemical and UV resistance, mechanical performance,
or operating temperature
FireCon™ CPE Insulation
Jacketing Formulations
CPE, CPE alloy
Low and medium voltage cable jacketing
Flame retardant and 90°C deformation resistance
Oil resistance
RoHS grades available
Maxxam™ FR
Flame Retardant
Polyolefin Formulations
PE, PP
UL Yellow Card for plenum applications
Halogen-free flame retardant grades available
Maxxam™ SY
Foamable Flame Retardant
Formulations
Foamable PP
co-polymer
Easy processing
Variety of final densities available
Corrosion resistance
Syncure™ XLPE
Cross-linkable
Polyethylene Formulations
XLPE
Low and medium voltage formulations
High performance moisture cure technology
UL bulletinized XHHW2 and VW1
Temperature, abrasion, and oil resistant
Formulations available without DBDPE
Resistant to electrical breakdown
WIRE AND CABLE SPECIALTY THERMOPLASTICS
NAME TARGET MARKETS/APPLICATIONS AVAILABLE FEATURES1
OnFlex™
Thermoplastic
Elastomers
Transportation, Building & Construction,
Electrical & Electronics, Industrial,
Wire & Cable
Low odor solutions
UV stabilization
High heat resistance
Chemical resistance
Automotive approved grades
Excellent compression set
Overmolding
Flame resistant grades
Excellent weatherability
Extrusion, injection, and blow moldable
Formulations with imbedded antimicrobial additives
reSound™ BIO
Thermoplastic
Elastomers
Consumer, Transportation, Industrial
Biopolymers sustainably sourced from plant-based raw materials
Utilizing 35–75% bio-renewable content
Strength and durability
Chemical resistance
Impact resistance
Pre-colored solutions
reSound™ REC
Recycled Content
Thermoplastic
Elastomers
Personal Care Products,
Lawn & Garden Tools, Outdoor Goods,
Office Supplies, Footwear,
Houseware Durables,
Consumer Electronics, Automotive
PIR & PCR formulations utilizing 9–83% recycled content
PCR grades formulated with recycled ocean plastics,
food packaging, engine oil, or polyvinyl butyral (PVB)
PCR grade suitable for use in specific food-contact
applications
Supports the circular economy
Can be overmolded to PP, PC, ABS, PC/AB
Comparable performance to traditional TPEs
reSound™
Ultra-Low
Carbon Footprint
Thermoplastics
Elastomers
Personal Care, Household Appliances,
Consumer Packaging,
Consumer Electronics
Formulated to achieve a negative, neutral or low product carbon
footprint (PCF)
Industry-first cradle-to-gate PCF range between -0.46 and -0.02 in kg
CO2 equivalent/kg product
Opaque natural appearance
Easily colorable
Comparable performance to traditional TPEs
Can be overmolded to PP or PE
Stat-Tech™ TPE
Static Dissipative
& Electrically
Conductive
Thermoplastic
Elastomers
Automotive, Industrial, Conveyor Belts
& Controls, ADAS Systems,
Electronic Devices
Electrical resistivity range from 10 to 10¹⁰ Ω
Hardness range from 40–85 Shore A
Protects critical electrical components from EMI/RFI and reduces static
build-up
Simplifies manufacturing
Overmolds directly onto polymer substrates
Meets regulatory compliance requirements of ATEX and ESD, and food contact
compliance grades are available
Versaflex™ and
Versaflex™ HC
Thermoplastic
Elastomers
Consumer, Packaging, Healthcare,
Electrical & Electronics, Appliances,
Medical Tubing, Protective Films
Overmolding
Vibration damping grades
Clear and heat resistant TPEs
Ultra clear grades
Ultra soft TPE gels, 30 Shore OO
FDA, USP Class VI, ISO 10993 approved grades
NSF and UL listings
Sterilizable under autoclave, radiation, and EtO gas
Extrusion, injection, and blow moldable
Formulations with imbedded antimicrobial additive
Bio-based formulations for healthcare available
GLS™ THERMOPLASTIC ELASTOMERS
1 See technical data sheets for complete product details
Lightweighting
Complēt™ Long Fiber Reinforced Structural Thermoplastics
Edgetek™ LD Low Density Formulations
LubriOne™ Internally Lubricated Formulations
OnForce™ Long Glass Fiber Reinforced Polypropylene Composites
Stat-Tech™ Static Dissipative & Electrically Conductive Formulations
Surround™ EMI/RFI Shielding Formulations
Therma-Tech™ Thermally Conductive Formulations
Human Health & Safety
NEUSoft™ Thermoplastic Polyurethanes
Versaflex™ HC Thermoplastic Elastomers
Reduced Energy Use
Artisan™ Pre-Colored Thermoplastics
Versaflex™ Non-Blooming TPEs for Consumer Electronics
VOC Reduction
OnFlex™ LO Thermoplastic Elastomers
Versaflex™ Low Adhesive Build-up TPE for Protective Film Tack Layer
Versaflex™ PF Tack Layer for Surface Protective Films
Recycle Solutions
Complēt™ REC Long Fiber Reinforced Structural Thermoplastics
Edgetek™ REC PC Recycled Polycarbonate Solutions
Gravi-Tech™ REC Recycled Formulations
Maxxam™ REC Recycled Polyolefin Formulations
Nymax™ REC Recycled Nylon Formulations
reSound™ REC Recycled Content Thermoplastic Elastomer
Biopolymers
Gravi-Tech™ BIO Bio-based Formulations
Maxxam™ BIO Bio-based Polyolefin Formulations
Nymax™ BIO Bio-based Polyamide Solutions
reSound™ BIO Thermoplastic Elastomers
Versaflex™ HC BIO Thermoplastic Elastomers
Eco-conscious
Complēt™ PKE Long Fiber Reinforced Structural Polyketone Thermoplastics
Edgetek™ PKE Polyketone Formulations
Edgetek™ Solutions for Laser Welding
LubriOne™ PKE Polyketone Formulations
Gravi-Tech™ Lead Replacement Formulations
reSound™ Ultra-Low Carbon Footprint Thermoplastics Elastomers
Trilliant™ HC Healthcare Polyketone-based Thermoplastics
Trilliant™ XR Lead Replacement Thermoplastics
Sustainable Infrastructure
ECCOH™ Low Smoke and Fume Non-Halogen Formulations
ECCOH™ XL Cross-linkable Solutions
Edgetek™ Formulations for 5G
Maxxam™ FR Flame Retardant Polyolefin Formulations
PREPERM™ Low-Loss Dielectric Thermoplastics
Syncure™ XLPE Cross-linkable Polyethylene Formulations
SPECIALTY ENGINEERED FORMULATIONS
THAT SUPPORT SUSTAINABILITY
SPECIALTY
ENGINEERED
MATERIALS
FOCUS MARKETS
Our product portfolio offers customizable
solutions to serve a full range of markets,
including:
Building & Construction
Consumer
Energy
Healthcare
Industrial
Packaging
Telecommunications
Transportation
1.844.4AVIENT
www.avient.com
Copyright © 2024, Avient Corporation.