https://www.avient.com/sites/default/files/2025-02/Mevopur White Formulation for PCR Well Plates - Case Study_0.pdf
L A B O R ATO RY E Q U I P M E N T
M A N U FA C T U R E R
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/2022-01/NAI_1525166563_1_Poland_8B.d_Extract %28new name branch%29.PDF
Wydruk informacji pobranej w trybie art. 4 ust. 4aa ustawy z dnia 20 sierpnia 1997 r. o Krajowym Rejestrze Sądowym,
posiada moc dokumentu wydawanego przez Centralną Informację, nie wymaga podpisu i pieczęci.
SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ) ODDZIAŁ W POLSCE
4.Nazwa lub firma przedsiębiorcy
zagranicznego oraz oznaczenie formy
prawnej
AVIENT S.A.R.L.
Podrubryka 1
Dane osób wchodzących w skład organu
1 1.Nazwisko / Nazwa lub firma KRONIMUS
2.Imiona HOLGER HANS
3.Funkcja w organie reprezentującym ZARZĄDZAJĄCY
2 1.Nazwisko / Nazwa lub firma PALM
2.Imiona CHRISTOPH
3.Funkcja w organie reprezentującym ZARZĄDZAJACY
3 1.Nazwisko / Nazwa lub firma POTOCZNY
2.Imiona ŻANETA GABRIELA
3.Funkcja w organie reprezentującym ZARZĄDZAJACY
4 1.Nazwisko / Nazwa lub firma MERKLEIN
2.Imiona NORBERT
3.Funkcja w organie reprezentującym ZARZĄDZAJĄCY
Rubryka 2 Organ nadzoru
Brak wpisów
Rubryka 3 Prokurenci
Brak wpisów
Rubryka 4 Osoby reprezentujące zagranicznego przedsiębiorcę w oddziale
1 1.Nazwisko DROJMA
2.Imiona KAMIL RAFAŁ
Strona 2 z 5
3.Numer PESEL 85072613192
4.Funkcja w oddziale
Dział 3
Rubryka 1 Przedmiot działalności
1.Przedmiot przeważającej działalności
przedsiębiorcy
1 20, 12, Z, PRODUKCJA BARWNIKÓW I PIGMENTÓW
2.Przedmiot pozostałej działalności
przedsiębiorcy
1 20, 16, Z, PRODUKCJA TWORZYW SZTUCZNYCH W FORMACH PODSTAWOWYCH
2 22, 2, , PRODUKCJA WYROBÓW Z TWORZYW SZTUCZNYCH
3 22, 22, Z, PRODUKCJA OPAKOWAŃ Z TWORZYW SZTUCZNYCH
4 22, 23, Z, PRODUKCJA WYROBÓW DLA BUDOWNICTWA Z TWORZYW SZTUCZNYCH
5 22, 29, Z, PRODUKCJA POZOSTAŁYCH WYROBÓW Z TWORZYW SZTUCZNYCH
6 22, 21, Z, PRODUKCJA PŁYT, ARKUSZY, RUR I KSZTAŁTOWNIKÓW Z TWORZYW SZTUCZNYCH
7 70, 22, , POZOSTAŁE DORADZTWO W ZAKRESIE PROWADZENIA DZIAŁALNOŚCI
GOSPODARCZEJ I ZARZĄDZANIA
8 68, 10, Z, KUPNO I SPRZEDAŻ NIERUCHOMOŚCI NA WŁASNY RACHUNEK
9 68, 20, Z, WYNAJEM I ZARZĄDZANIE NIERUCHOMOŚCIAMI WŁASNYMI LUB DZIERŻAWIONYMI
Rubryka 2 Wzmianki o złożonych dokumentach
Rodzaj dokumentu Nr kolejny w
polu
Data złożenia Za okres od do
1.Wzmianka o złożeniu
rocznego sprawozdania
finansowego
1 20.02.2020 OD 11.09.2018 DO 31.12.2018
2 21.07.2021 OD 01.01.2019 DO 31.12.2019
3 10.09.2021 OD 01.01.2020 DO 31.12.2020
2.Wzmianka o złożeniu opinii
biegłego rewidenta /
sprawozdania z badania
rocznego sprawozdania
finansowego
1 ***** OD 01.01.2019 DO 31.12.2019
2 ***** OD 01.01.2020 DO 31.12.2020
3.Wzmianka o złożeniu uchwały
lub postanowienia o
zatwierdzeniu rocznego
sprawozdania finansowego
1 ***** OD 01.01.2019 DO 31.12.2019
2 ***** OD 11.09.2018 DO 31.12.2018
Rubryka 3
Brak wpisów
Rubryka 4 Przedmiot działalności statutowej organizacji pożytku publicznego
Brak wpisów
Rubryka 5 Informacja o dniu kończącym rok obrotowy
1.Dzień kończący pierwszy rok obrotowy, za
który należy złożyć sprawozdanie finansowe
31.12.2018
Strona 3 z 5
Dział 4
Rubryka 1 Zaległości
Brak wpisów
Rubryka 2 Wierzytelności
Brak wpisów
Rubryka 3 Informacje o oddaleniu wniosku o ogłoszenie upadłości na podstawie art. 13 ustawy z 28 lutego 2003 r.
https://www.avient.com/resources/safety-data-sheets?page=6839
2363-55D, 30% BASO4, 298C SEM Conc
2363-75D, 25% BaSO4, 298C SEM CONC
5533 MED, 25% BaSO4, 298C SEM Conc
https://www.avient.com/resources/safety-data-sheets?page=4860
VERSAFLEX(TM) D2109 W
NEUSoft 596-50, 14% BaSO4, 2705C
X GT 179430#SR-21193-4 White
https://www.avient.com/resources/safety-data-sheets?page=6691
NEUSOFT UR862A, 40% BaSo4 Violet C
NEUSoft UR842A,20% BaS04, HLS
NEUSoft UR862A,20% BaS04, HLS
https://www.avient.com/sites/default/files/2021-04/poland-commercial-excerpt.pdf
Wydruk informacji pobranej w trybie art. 4 ust. 4aa ustawy z dnia 20 sierpnia 1997 r. o Krajowym Rejestrze Sądowym,
posiada moc dokumentu wydawanego przez Centralną Informację, nie wymaga podpisu i pieczęci.
A NR 989/2002
- ZMIENIONO §§ 4; 7 UST. 1, 2, 5; 9 UST. 2, 3, 4; 11 UST. 2, 5;
11A UST. 4; 12 UST. 2; 13 UST. 2; 17 UST. 2 UMOWY SPÓŁKI;
2 20.01.2010 R , REP.
Dział 3
Rubryka 1 Przedmiot działalności
1.Przedmiot przeważającej działalności
przedsiębiorcy
1 20, 12, Z, PRODUKCJA BARWNIKÓW I PIGMENTÓW
2.Przedmiot pozostałej działalności
przedsiębiorcy
1 46, 12, Z, DZIAŁALNOŚĆ AGENTÓW ZAJMUJĄCYCH SIĘ SPRZEDAŻĄ PALIW, RUD, METALI I
CHEMIKALIÓW PRZEMYSŁOWYCH
2 20, 16, Z, PRODUKCJA TWORZYW SZTUCZNYCH W FORMACH PODSTAWOWYCH
3 46, 75, Z, SPRZEDAŻ HURTOWA WYROBÓW CHEMICZNYCH
4 69, 20, Z, DZIAŁALNOŚĆ RACHUNKOWO-KSIĘGOWA; DORADZTWO PODATKOWE
5 23, 69, Z, PRODUKCJA POZOSTAŁYCH WYROBÓW Z BETONU, GIPSU I CEMENTU
6 63, 11, Z, PRZETWARZANIE DANYCH; ZARZĄDZANIE STRONAMI INTERNETOWYMI (HOSTING) I
PODOBNA DZIAŁALNOŚĆ
7 68, 20, Z, WYNAJEM I ZARZĄDZANIE NIERUCHOMOŚCIAMI WŁASNYMI LUB DZIERŻAWIONYMI
Rubryka 2 Wzmianki o złożonych dokumentach
Rodzaj dokumentu Nr kolejny w
polu
Data złożenia Za okres od do
1.Wzmianka o złożeniu
rocznego sprawozdania
finansowego
1 07.06.2002 2001
2 02.07.2003 01.01.2002 - 31.12.2002
3 30.09.2004 OD 01.01.2003 DO 31.12.2003
4 28.06.2005 OD 01.01.2004 DO 31.12.2004
5 19.07.2006 01.01.2005-31.12.2005
6 18.06.2007 01.01.2006 R. - 31.12.2006 R.
7 27.06.2008 01.01.2007 R. - 31.12.2007 R.
8 02.07.2009 01.01.2008 R. - 31.12.2008 R.
9 30.07.2010 01.01.2009 - 31.12.2009
10 06.07.2011 2010 ROK
11 23.08.2012 01.01.2011-31.12.2011
12 25.07.2013 01.01.2012R.-31.12.2012R.
https://www.avient.com/sites/default/files/2021-01/w9-avient-corporation-july-2020.pdf
Form W-9 (Rev.
October 2018)
Form W-9
(Rev.
No. 10231X Form W-9 (Rev. 10-2018)
AVIENT CORPORATION
✔
5
D
33587 WALKER ROAD
AVON LAKE, OH 44012
3 4 1 7 3 0 4 8 8
7/20/2020
https://www.avient.com/resources/safety-data-sheets?page=4920
PC-3555D, 30% BaSO4
PC-3555D, 40% BaSO4
S1054A-4-1
https://www.avient.com/sites/default/files/2024-08/Avient Q2 2024 Earnings Call Presentation.pdf
IR Deck - AVNT-2024.06.30 (Earnings)
AVIENT CORPORATION
S E C O N D 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)
A U G U S T 6 , 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.
EBITDA
Margin
16.9%
+100 bps
Q 2 2 0 2 4 R E S U L T S
Q2 2024 PERFORMANCE VS.
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
7
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
8
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
10
Q3 2024: Adjusted EPS of $0.62
11
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
11
Sustainability for a
Better Tomorrow
2023
SUSTAINABILITY REPORT
12
• 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
15
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%
17
(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
18
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%
19
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%
20
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.
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
GUIDANCE
( T O TA L C O M PA N Y )
7
14.8%
15.8%
Guidance Actual
Adjusted EBITDA Margin %
Better-than-expected margins
driven by:
• Resilient demand for
composites and sustainable
solutions which improved
mix of higher margin
applications
• Deceleration of raw material
inflation
• Cost reduction activities
Q1 EBITDA BRIDGE
( T O TA L C O M PA N Y )
8
$ millions
CAI:
Price / Mix 19)
Inflation (4)
SEM:
Price / Mix 6)
Inflation (4)
Net Price Benefit 17)
Wage and Energy Inflation (13)
Cost Reductions 8)
FX (6)
Q1 2023 Actual $134)
Adjusted
EBITDA
Q1 2022 Pro Forma $ 176)
Demand (48) • Weak demand
conditions in-line
with previous
expectations
• Pricing continues to
cover inflation of raw
materials, wages
and energy
U.S. & Canada
40%
EMEA
38%
Asia
17%
Latin America
5%
Q1 2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
18%
Packaging
23%
Healthcare
7%
Industrial
16%
Building and
Construction
10%
Defense
6%Telecommunications
4%
Energy
5%
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $846M and $134M, respectively, include intercompany sales eliminations and corporate costs
$537M $91M
$310M $64M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$134M$846M
(1)
9
Transportation
11%
Q1 2 023 SA LES BY R EGI ON
Y o Y C H A N G E ( E X C L .
vehicles to be 100% electric by 2032
Where Avient Wins:
Lightweight panels that establish both
strength and stiffness resulting in
decreased energy usage, lower emissions
Long-lasting Color applications to resist
UV exposure, temperature fluctuations
and exceed the stylistic requirements of
global automakers
14
$130
$530
Q2 FY
$0.60
$2.40
Q2 FY
2023 GUIDANCE
15
Sales Adjusted EBITDA
$845
$3,400
Q2 FY
Adjusted EPS
(in millions) (in millions)
CA SH FLOW / LEV ER AGE
16
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
LONG-TERM REVENUE GROWTH DRI VERS
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
17
Sustainable
Solutions
32%
Asia / LATAM
15%
Composites
8%
Healthcare
6%
Other (GDP
Growth)
39%
• Virtual presentation to be held
September 20, 2023
• The company will be
conducting an investor-focused
presentation around our
sustainability solutions portfolio
Avient Confidential 18
SUSTAINABILITY
INVESTOR DAY
18
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTA INAB ILITY F OR A BETTER TOMOR ROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
19
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
$1,175M
Lightweighting
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Bio-polymers
SUSTA INAB ILITY NEEDS BY M ARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
Healthcare
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
Consumer
• Recycle Solutions
• Light weighting
• Carbon Footprint
Packaging
• Recycle Solutions
• Light weighting
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
20
I NV ESTI NG
I N INNOVATI ON
S U S T A I N A B I L I T Y P O R T F O L I O
21
A P P E N D I X
24
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
16%
Pigments
12%
TiO2
10%
Dyestuffs
2%
Polyethylene
11%
Nylon
6%
Polypropylene
5%
Styrenic Block
Copolymer
5%
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
• Cost inflation
decelerating,
particularly for
hydrocarbon-based
raw materials
2022 pro forma results for the acquisition of Avient Protective Materials
SEGMENT DATA
U.S. & Canada
40%
EMEA
37%
Asia
18%
Latin America
5%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
20%
Packaging
24%
Industrial
15%
Building and
Construction
10%
Telecommunications
4%
Energy
4%
Defense
6%
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
Transportation
9%
Healthcare
8%
26
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
C O L O R , A D D I T I V E S & I N K S
2 0 2 2 R E V E N U E | $ 2 . 4 B I L L I O N
US & Canada
34%
EMEA
38%
Asia
20%
Latin America
8%
END MARKET REGION
27
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
2 0 2 2 P R O F O R M A R E V E N U E | $ 1 . 3 B I L L I O N
END MARKET
US & Canada
52%
EMEA
35%
Asia
13%
REGION
28
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9% Defense
15%
Building &
Construction
8%
Packaging
32%
Consumer
27%
Healthcare
8%
Industrial
14%
Building &
Construction
5%
Telecommunications
3%
Energy
1% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 2 P R O F O R M A AV I E N T R E G I O N A L S A L E S
B Y E N D M A R K E T
Packaging
27%
Consumer
14%
Healthcare
5%
Industrial
17%
Building &
Construction
10%
Energy
5%
Defense
8%
EMEA
(37% of sales)Transportation
11%
Packaging
13%
Consumer
24%
Healthcare
12%
Industrial
15%
Building &
Construction
13%
Energy
5%
Defense
5%
US &
Canada
(40% of sales)
Transportation
7%
Packaging
56%
Consumer
23%
Healthcare
4%
Industrial
7%
Building &
Construction
4%
Telecommunications
1%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
3%
Telecommunications
6%
29
PEER COMPARISONS
AV I E N T I S A S SE T L I G H T
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of April 28, 2023
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
31
3
2
3
3
4 4
3
3
5 5
5
6
7
9
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
R
P
M
A
V
Y
F
M
C
H
U
N
H
X
L
C
E
E
C
L
A
S
H
E
M
N
S
C
L
F R E E C A S H F LOW C O N V E R S I O N
Source: Peer data per Bloomberg as of April 28, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
2023E(%)
32
79
87
83 81
76
73
90
79 77 76
73
69
60
22
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
A
V
Y
R
P
M
F
M
C
C
E
H
X
L
A
S
H
E
C
L
H
U
N
E
M
N
S
C
L
M U LT I P L E E X PA N S I O N
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of April 28, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $38.51.