https://www.avient.com/sites/default/files/2025-01/AVNT Dec 2022 Earnings Presentation Updated.pdf
W H AT W E D O : M AT E R I A L S C I E N C E
4
CUSTOM
FORMULATION
SUSTA INAB ILITY F OR A BETTER TOMOR ROW
Revenue From Sustainable Solutions* 2016-2021
$310
205
140
80
75
45
40
20
$915M2021 Sales
($ in millions)
*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
Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
5
Key Updates
• Provided progress on 2030 Sustainability Goals
• Emphasized commitment to U.N.
Purchase price multiple rapidly declining on strength of
business and synergy capture
12
$133
$201
2019PF 2022E
12
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
(1)
(1)
11.9%
16.3%
2019PF 2022E
EBITDA Margins
(1)
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
($ in millions)
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B
Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORI C SPECI AL IZATION THROUGH M& A
13
Distribution
DSM Protective
Materials
BOLT-ON AC QUI SITI ON HISTORY
14
Commercial
Resources
Operating Income
($ in millions)
Operating Margins
259
363
At Acquisition 2022E
$40
$139
At Acquisition 2022E
9%
22%
At Acquisition 2022E
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
S P E C I A LT Y T R A N SF O R M ATI O N
T O D A Y
7%
46%
67%
86%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2019 2021 2022 PF
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
15
Healthcare
4%
Packaging
8%
Consumer
10%
Building &
Construction
43%
Industrial
15%
Transportation
14%
Energy
4%
Telecom.
2%
2006 2022 Pro Forma
Healthcare
8%
Packaging
23%
Consumer
21%
Building &
Construction
10%
Industrial
15%
Transportation
9%
Energy
4%
Telecom.
4%
Defense
6%
END MAR KET F OCUS ON LESS CYCL IC AL
I ND USTRI ES
16
14.8%
17.6%
21.0%
2018 2020 2022 PF
1.8%
2006
15.3%
16.2%
17.0%
2018PF 2020PF 2022E
CAI
2.7%
2006
SEM
SPEC IA LTY EBI TDA MA RGI N EX PANSION
17
• Portfolio transformation
accelerates growth in less
cyclical, higher margin end
markets
• Investments in our
composites platform
continue to drive margin
expansion
(1) (1)
(1) 2018 and 2020 financial information is pro forma to include a full year of Clariant Color acquisition
PORTFOLIO EVOLUTION OVER THE YEARS
18
Adj.
O P S )
21
Sales Adjusted EBITDA
$818
$823
2021 2022
+ 1%
Adjusted EPS
+ 8% - 3%
(in millions) (in millions)
(+ 9% excluding FX) (+ 18% excluding FX) (+ 5% excluding FX)
Q3 EBITDA BRIDGE
( P R O F O R M A T O TA L C O M PA N Y )
22
Price increases more than
offset raw material and
supply chain impacts
$ millions
CAI:
68Price / Mix
(44)Inflation
SEM:
41Price / Mix
(26)Inflation
39Net Price Benefit
(14)Wage and Energy Inflation
6Clariant Color Integration Synergies
14Incentives, Other Employee Costs
(11)FX
$137 Q3 2022
Adjusted
EBITDA
$ 142Q3 2021
(39)Demand
Q3 2022 SEGMENT PERFORMANCE
23
CAI
$587
$566
Sales
($ in millions)
$93 $93
EBITDA
SEM Pro Forma
$326 $319
Sales
$70
$62
EBITDA
(+ 4% excluding FX)
- 4% - 2%
(+ 5% excluding FX)
Flat
(+ 7% excluding FX)
- 11%
(- 7% excluding FX)
$500
$585
Cont.
https://www.avient.com/sites/default/files/2025-05/AVNT Q1 2025 Webcast Slides_w_non-GAAP.pdf
All Rights Reserved
2025 7
Color, Additives & Inks – Q1 2025 performance
Sales
515
520
Q1 2024 Q1 2025
EXCL.
All Rights Reserved
2025
Color, Additives & Inks
E N D M A R K E T S R E G I O N S
34%
21%
15%
11%
9%
8%
Packaging
Telecom 1%Energy 1%
Transportation
Industrial
Consumer
34%
37%
20%
9%
US & Canada
Latin America
Asia
Europe, Middle East
and Africa
Healthcare
Building &
Construction
15Copyright © .
Slide 12
Slide 13: Avient 2024 sales
Slide 14: Color, Additives & Inks
Slide 15: Specialty Engineered Materials
Slide 16: Avient 2024 regional sales, by end market
Slide 17: Raw material basket
IR Deck - AVNT-2025.03.31 Non-Gaap Recs.pdf
Attachment
https://www.avient.com/sites/default/files/2025-03/Q4 2024 Avient Webcast Slides w Non-GAAP.pdf
All Rights Reserved
2025 10
Color, Additives & Inks - Q4 2024 performance
Sales
459
468
Q4 2023 Q4 2024
EXCL.
All Rights Reserved
2025 13
Color, Additives & Inks – full year 2024 performance
Sales
2,007
2,047
FY 2023 FY 2024
EXCL.
All Rights Reserved
2025
Color, Additives & Inks
E N D M A R K E T S R E G I O N S
34%
21%
15%
11%
9%
8%
Packaging
Telecom 1%Energy 1%
Transportation
Industrial
Consumer
34%
37%
20%
9%
US & Canada
Latin America
Asia
Europe, Middle East
and Africa
Healthcare
Building &
Construction
21Copyright © .
https://www.avient.com/sites/default/files/2025-05/AVNT Q1 2025 webcast slides_v17.pdf
All Rights Reserved
2025 7
Color, Additives & Inks – Q1 2025 performance
Sales
515
520
Q1 2024 Q1 2025
EXCL.
All Rights Reserved
2025
Color, Additives & Inks
E N D M A R K E T S R E G I O N S
34%
21%
15%
11%
9%
8%
Packaging
Telecom 1%Energy 1%
Transportation
Industrial
Consumer
34%
37%
20%
9%
US & Canada
Latin America
Asia
Europe, Middle East
and Africa
Healthcare
Building &
Construction
15Copyright © .
All Rights Reserved
2025 19
Reconciliation of
Non-GAAP financial
measures
Reconciliation to EBITDA and Adjusted EBITDA
Three months ended March 31,
2025 2024
$ Millions $ Millions
Sales Color, Additives and Inks 519.7 515.3
Specialty Engineered Materials 308.4 314.4
Corporate (1.5) (0.7)
Sales 826.6 829.0
Operating income Color, Additives and Inks 78.6 74.8
Specialty Engineered Materials 47.1 53.4
Corporate (125.0) (34.2)
Operating income 0.7 94.0
Depreciation and
amortization
Color, Additives and Inks 21.7 21.9
Specialty Engineered Materials 21.5 19.6
Corporate 2.1 2.8
Depreciation and amortization 45.3 44.3
EBITDA
Earnings before
interest, taxes,
depreciation and
amortization
Color, Additives and Inks 100.3 96.7
Specialty Engineered Materials 68.6 73.0
Corporate (122.9) (31.4)
Other expense, net (0.4) (0.9)
EBITDA 45.6 137.4
Special items, before tax 101.2 6.2
Interest expense included in special items (1.7) -
Depreciation and amortization included in special items (0.4) (0.5)
Adjusted EBITDA 144.7 143.1
Adjusted EBITDA as
a percent of sales
Color, Additives and Inks 19.3% 18.8%
Specialty Engineered Materials 22.2% 23.2%
PAGE 2 OF 3
Copyright © .
https://www.avient.com/sites/default/files/2023-06/Trilliant HC-auto-injector-snapshot.pdf
M E D I C A L C O N T R AC T
M A N U FAC T U R E R
A U T O - I N J E C T O R H O U S I N G
• Excellent chemical and wear resistance
• Excellent impact resistance
• Specific color matching based on customer’s needs
• Outstanding durability to extend product life
• Customized a chemically resistant formulation
to offer an impact-modified alternative to
traditional competitors in the market
• Provided technical support for material
selection, part & tool design, and process
development to accelerate commercialization
• Delivered custom color matching to meet all
key requirements
Custom Trilliant™ HC Healthcare Thermoplastic
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-02/edwards-ballistic-panels-case-study.pdf
ED WARDS DESIGN
& FABRICATION
M O D U L A R M I L I T A R Y
B A L L I S T I C S H E L T E R S
• Blast and bullet resistance to protect soldiers and military
assets in mortar pits, shelters, and guard towers
• Lightweight for portability and quick deployment without
heavy equipment
• Specific colors required to provide visual cover in the field
• Provided UL 752 Level 3 ballistic resistance,
additional protection by layering panels
• Reduced weight by 75% compared to steel,
improved portability over concrete or
sandbags
• Enabled easy installation with common
carpentry tools
• Customized color formulations to meet
needed camouflage without painting
GlasArmor™ Ballistic Resistant Composite
Panels
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-03/Playground Equipment Application Snapshot.pdf
R E C R E AT I O N A L
E Q U I P M E N T
M A N U FA C T U R E R
P L A Y G R O U N D E Q U I P M E N T
• Protection from harsh elements and weathering
• Coating solution to protect children against metal
abrasions
• Range of bright colors
• Formulated without phthalates
• Provided vinyl coating solutions to protect
against the effects of harsh weather, and to
protect children from potential scrapes and
scratches
• Incorporated antimicrobial and UV additives
to resist mold growth
• Offered brightly colored, non-phthalate
plastisol formulations
CORE™ Non-Phthalate Plastisols
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-gravi-tech-luxury-closures-english.pdf
L E A D I N G P R O D U C E R O F
C L O S U R E S F O R S P I R I T S
L U X U R Y C L O S U R E S
• Replace metal while providing metallic look and feel
• Customization of density and color
• Easy processing
• FDA compliance
• Replaced metal with a weighted polymer
solution to maintain high-quality perception
• Minimized the appearance of chips from
everyday wear better than metal by
matching closure interior and metalized
coating colors
• Enabled the customer to introduce their
luxury closures to a new market segment
Gravi-Tech™ Density Modified Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-09/Waste Mgmt OEM Application Snapshot.pdf
L E A D I N G W A S T E
M A NAG E M E N T O E M
I N D U S T R I A L C O N T A I N E R S
• Eliminate shrinkage and warpage, and control dimensional
aspects of finished parts
• Improve quality assurance metrics and reduce downtime
associated with quality rejections
• Reduce process parameter changes and maintain
consistency when running multiple colors
• Lightweighting solution offering energy savings, process
optimization & extended manufacturing run times
• Preserved industrial waste container quality
while maintaining functional performance and
application dimensional stability
• Provided xpertise in process optimization and
polymer formulation, where material & mold
flow, reducing cycle times, and color harmony
between diverse polymers matter most
• Accelerated speed to market by several weeks
with versatile agnostic product forms (solid and
liquid) coupled with technical service
Hydrocerol™ and Excelite™ Chemical Foaming
Agents (CFA)
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-04/Chain Extenders for rPET Fibers in Automotive - Application Snapshot.pdf
C A R C O M P O N E N T
M A N U FAC T U R E R
A C O U S T I C A N D T H E R M A L
M A N A G E M E N T S Y S T E M S
• High rPET content without loss of tenacity
• High volume production
• Color options
• Offered a chain extender that supports
stable spinning and maintains fiber tenacity
to help achieve targeted rPET content
• Provided technical support for production
scale-up
• Proposed different color concentrates
suitable for application and polymer grade
Cesa™ Fiber Additives – chain extenders for
recycled polyester (rPET)
KEY REQUIREMENTS WHY AVIENT?