https://www.avient.com/resources/safety-data-sheets?page=4198
381G 15% BaSO4 Cool Gray 11C
RED 20-2838
DK GOLD METALLIC W/LM
https://www.avient.com/resources/safety-data-sheets?page=6048
ZHEA EBONY CDB210 PE985+6% TIO2
ZHEA EBONY CDB210 PE985+3% TIO2
X ET-33490-005-4 Natural
https://www.avient.com/sites/default/files/2021-11/avnt-november-investor-meetings.pdf
W H O W E A R E – V I S I O N , S T R AT E G Y, C U LT U R E
3
Avient Corporation (NYSE: AVNT) provides
specialized and sustainable material solutions that
transform customer challenges into opportunities,
bringing new products to life for a better world.
W H AT W E D O : M AT E R I A L S C I E N C E
4
CUSTOM
FORMULATION
We sell solutions not commodities.
W H Y AV I E N T W I N S
Deep Customer Relationships
& Application Know-How
Superior Design Capabilities
& Advanced Analytics
Global Footprint Strategically
Aligned to Serve Customers
We iterate fast and often.
39
22
9
34
• U.S. and Canada
• Latin America
• Europe, Middle East & Africa
• Asia
We produce locally, serve globally.
https://www.avient.com/resources/safety-data-sheets?page=2619
Pebax 3533SA01 30% BaSO4-NEU
UV Warm Grey Neutral V.4
Tecoflex EG-93A 4% AM-A
https://www.avient.com/resources/safety-data-sheets?page=6744
DARK MAMMOTH 4 TRC1193N
8628 GRAY W/TIO2
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
FX)
2022 GROWTH PROJECTIONS
( T O TA L C O M PA N Y )
19
$3.05
$3.50
2021 2022E
Full Year – Adjusted EPS
+ 15%
(+ 17% excluding FX)
$0.89
$0.95
2021 2022E
Q1 – Adjusted EPS
+ 7%
(+ 10% excluding FX)
($ millions) Q1 Full Year Q1 Full Year
2021 - Actual 1,162$ 4,819$ 123$ 429$
Sustainable Solutions 27 110 12 44
Healthcare 15 66 4 13
Composites (excl.Outdoor High Performance) 11 29 5 13
Outdoor High Performance Applications (7) (20) (4) (10)
Growth in Asia / LATAM 10 51 3 11
Other 57 115 9 12
Sub-total 1,275$ 5,170$ 152$ 512$
Wage Inflation and Overtime (12) (18)
Other Supply Chain Costs (4) (7)
FX Impact (25) (70) (4) (8)
Synergies 4 15
Travel, Other Employee Costs (1) (4)
2022 - Estimated 1,250$ 5,100$ 135$ 490$
Sales
Adjusted
Operating Income
2022 SALES AND OI – Q1 AND FULL YEAR
( T O TA L C O M PA N Y )
20
($ millions) 2021 2022E
Cash Flow from Operating Activities 234$ 385$
Less:
Run-Rate CapEx (86) (90)
CapEx for Clariant Integration (15) (20)
CapEx for IT System Upgrade - (25)
Total CapEx (101) (135)
Free Cash Flow 133$ 250$
Adjusted EBITDA 581$ 635$
Net Debt / Adjusted EBITDA 2.2x 1.8x
21
C A SH F LOW / L E VE R AGE
22
• Record results – highest level of sales ($4.8B) and earnings
($3.05 adjusted EPS) in company history
• Successful Clariant Color integration – net debt to adjusted
EBITDA reduced to 2.2x, one-year ahead of schedule
• Recognized as one of America’s Most Responsible Companies
by Newsweek
• Earned 3rd consecutive Great Place to Work certification
2021 HIGHLIGHTS
23
• 15% adjusted EPS growth to $3.50, led by growth in sustainable
solutions and increased synergy realization
• Continued strong synergy capture from the Clariant Color integration:
$75M anticipated run-rate synergies by the end of 2022
• Adjusted EBITDA of $635M represents 9% growth above 2021 –
11% excluding the impact of foreign currencies
• Deleveraged to 1.8x net debt to adjusted EBITDA by the end of 2022
2022 SUMMARY
PEER COMPARISONS
25
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
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Source: Peer data per Bloomberg market data as of February 15, 2022.
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
5.4
8.5
10.1 10.0
15.7
15.0
14.2
12.7
10.2
25.0
19.7
17.7
13.2
12.3
10.0 9.9
8.9 8.5 8.3
6.6
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Historic Multiple
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-june-2021-w-non-gaap-recs_0.pdf
W H O W E A R E – V I S I O N , S T R AT E G Y, C U LT U R E
3
Avient Corporation (NYSE: AVNT) provides
specialized and sustainable material solutions that
transform customer challenges into opportunities,
bringing new products to life for a better world.
W H AT W E D O : M AT E R I A L S C I E N C E
4
CUSTOM
FORMULATION
We sell solutions not commodities.
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
26
Capex / Revenue
2021E (%)
AV I E N T I S A SS E T L I G H T
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
2 3 2 2 2
3 3
4
3 3
4 4 4 5
5 5 5
6 7
8
23
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l.
https://www.avient.com/news/advanced-technologies-and-sustainable-material-innovations-avient-debut-chinaplas-2024
ColorForward™ 2025: the 19th annual edition of Avient’s acclaimed color trend forecast, illustrating a palette of 20 mid-tone colors in four major trend themes, predicted to elicit high consumer response and inspire brand owners and designers of plastic products
https://www.avient.com/sites/default/files/2021-07/lactra-low-tio2-product-bulletin_0.pdf
Consequentially
many brand owners are already looking to reduce
the inorganic content in their packaging to
HIGH PERFORMANCE & LOW TiO2 DAIRY
LIGHT-BLOCKING
ColorMatrix Lactra Four, ColorMatrix Lactra One
and ColorMatrix Lactra Zero are Avient’s next-gen
light-blocking solutions for dairy packaging with no
compromise on performance.
With total inorganic content
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
Avient corporation first quarter 2024 results and 2024 financial guidance
AVIENT CORPORATION
F I R S T Q U A R T E R 2 0 2 4 R E S U L T S A N D 2 0 2 4
F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
M A Y 7 , 2 0 2 4
D I S C L A I M E R
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.
For the same reasons, Avient is unable to address the probable significance of the unavailable information.
2
O P E N I N G R E M A R K S
4
REGIONAL DEMAND TRENDS-TOTAL COMPANY
Q 1 S A L E S V S P Y ( E X C L U D I N G F X )
4
US & Canada
Latin America
EMEA
Asia
+2%
-6%
Flat
+2%
Avient ex.
FX -1.5%
FX -0.5%
Total Avient -2.0%
Q 1 2 0 2 4 R E S U L T S
Q1 2024 PERFORMANCE VS.