https://www.avient.com/sites/default/files/2025-02/Avient Investor Presentation - February 2025_w_Non-GAAP.pdf
$3.2B $526M
80+ 100+
2011
63%
2024 sales
by business segment
Specialty
Engineered
Materials
SEM
Color,
Additives
& Inks
CAI
2024 sales by end market
41%
35%
18%
2024 sales
by region
US,
Canada
LATAM
EMEA
PACKAGING
23%
CONSUMER
INDUSTRIAL
TRANSPORTATION
BUILDING & CONSTRUCTION
HEALTHCARE
DEFENSE
ENERGY
TELECOM
3%
2024 SALES 2024 ADJ.
Color, Additives & Inks
END MARKETS REGIONS
34%
21%
11%
Packaging
Telecom 1%Energy 1%
34%
US & Canada
Latin America
Europe, Middle East
Construction
25Copyright © .
Three Months Ended December 31,
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 48.3 $ 0.52 $ 27.8 $ 0.30
Special items, after-tax (18.0) (0.20) 5.4 0.06
Amortization expense, after-tax 14.8 0.17 15.0 0.16
Adjusted net income / EPS $ 45.1 $ 0.49 $ 48.2 $ 0.52
Year Ended December 31,
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 169.5 $ 1.84 $ 75.8 $ 0.83
Special items, after-tax 15.9 0.17 79.3 0.86
Amortization expense, after-tax 59.5 0.65 61.5 0.67
Adjusted net income / EPS $ 244.9 $ 2.66 $ 216.6 $ 2.36
Three Months Ended
Year Ended
Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023 2024 2023
Net income from continuing operations – GAAP $ 48.5 $ 27.6 $ 170.7 $ 76.3
Income tax expense (benefit) 14.8 (7.0) 54.1 11.0
Interest expense 25.5 26.8 105.6 115.3
Depreciation and amortization from continuing operations 45.4 44.2 179.7 188.8
EBITDA from continuing operations $ 134.2 $ 91.6 $ 510.1 $ 391.4
Special items, before tax (23.9) 22.4 20.1 114.6
Interest expense included in special items — (0.1) (2.3) (2.3)
Depreciation and amortization included in special items (0.3) — (1.5) (1.9)
Adjusted EBITDA $ 110.0 $ 113.9 $ 526.4 $ 501.8
Adjusted EBITDA as a percent of sales 14.7 % 15.8 % 16.2 % 16.0 %
Three Months Ended
Year Ended
2024 2023 2024 2023
Sales:
Color, Additives and Inks $ 467.7 $ 459.4 $ 2,046.5 $ 2,007.4
Specialty Engineered Materials 279.7 259.8 1,196.8 1,138.2
Corporate (0.9) (0.2) (2.9) (2.8)
Sales $ 746.5 $ 719.0 $ 3,240.4 $ 3,142.8
Gross margin:
Color, Additives and Inks $ 152.6 $ 148.3 $ 681.1 $ 631.2
Specialty Engineered Materials 84.2 78.1 374.9 341.8
Corporate 22.7 (17.5) 0.7 (80.5)
Gross margin $ 259.5 $ 208.9 $ 1,056.7 $ 892.5
Selling and administrative expense:
Color, Additives and Inks $ 92.8 $ 86.5 $ 384.9 $ 371.3
Specialty Engineered Materials 49.6 48.7 207.7 199.3
Corporate 31.5 30.6 134.8 125.1
Selling and administrative expense $ 173.9 $ 165.8 $ 727.4 $ 695.7
Operating income:
Color, Additives and Inks $ 59.8 $ 61.8 $ 296.2 $ 259.9
Specialty Engineered Materials 34.6 29.4 167.2 142.5
Corporate (8.8) (48.1) (134.1) (205.6)
Operating income $ 85.6 $ 43.1 $ 329.3 $ 196.8
Depreciation and amortization:
Color, Additives and Inks $ 21.9 $ 22.2 $ 87.5 $ 98.3
Specialty Engineered Materials 21.0 19.8 82.1 81.5
Corporate 2.5 2.2 10.1 9.0
Depreciation and amortization $ 45.4 $ 44.2 $ 179.7 $ 188.8
Earnings before interest, taxes, depreciation and
amortization (EBITDA):
Color, Additives and Inks $ 81.7 $ 84.0 $ 383.7 $ 358.2
Specialty Engineered Materials 55.6 49.2 249.3 224.0
Corporate (6.3) (45.9) (124.0) (196.6)
Other income, net 3.2 4.3 1.1 5.8
EBITDA from continuing operations $ 134.2 $ 91.6 $ 510.1 $ 391.4
Special items, before tax (23.9) 22.4 20.1 114.6
Interest expense included in special items — (0.1) (2.3) (2.3)
Depreciation and amortization included in special items (0.3) — (1.5) (1.9)
Adjusted EBITDA $ 110.0 $ 113.9 $ 526.4 $ 501.8
2
Year Ended December 31,
Adjusted Free Cash Flow Calculation 2024 2023
Cash provided by operating activities $ 256.8 $ 201.6
Taxes paid on gain on sale of business — 104.1
One-time payout associated with deferred compensation plans 20.8 —
Adjusted cash provided by operating activities $ 277.6 $ 305.7
Capital expenditures (121.9) (119.4)
Adjusted free cash flow $ 155.7 $ 186.3
Three Months Ended March 31, 2024
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 49.4 $ 0.54
Special items, after-tax 5.5 0.06
Amortization expense, after-tax 14.9 0.16
Adjusted net income / EPS $ 69.8 $ 0.76
3
AVNT February Investor Presentation_2_25.pdf
Avient Investor Presentation - February 2025_w_Non-GAAP.pdf
Avient February 2025 Investor Presentation_w_non-GAAP.pdf
Non-GAAP- IR Deck - AVNT-2024.12.31 2.06.25 12PM.pdf
Attachment
https://www.avient.com/sites/default/files/2022-02/ColorMatrix Triple A Brochure.pdf
HANDLING AND USAGE RATES
Triple A is a dispersion which can be
supplied individually or in combination
with other ColorMatrix colorant and
additive technologies.
Universally compatible and
easily combined with ColorMatrix color
formulations.
The additive has no
impact on either color or clarity of
containers and is easily combined with
ColorMatrix color formulations.
https://www.avient.com/sites/default/files/2020-08/colormatrix-optica-toner-dispersions-tech-bulletin-a4.pdf
The PRT product line facilitates precise toner
coloration through superior dispersion, ease of
handling and dosing when compared to traditional
powders.
They are designed to be used separately
but at the same time to control b* and a* color
producing maximum L* color when used at very
low dosing levels in the final product.
This will generate a non-homogeneous
dispersion, resulting in sub-standard coloration
quality in the PET production process.
https://www.avient.com/sites/default/files/2023-03/CycleWorks Solution Bulletin.pdf
It is widely used
to manufacture films, bags, trays, bottles, and
containers, and it has excellent overall properties
such as impact and tensile strength, clarity,
processability, colorability, and durability.
Some key issues with PCR include degraded
mechanical properties, inconsistent and gray
coloration, unpleasant odors, or missing food
contact approvals.
A dedicated team is able to scientifically investigate
details of the recycling process, understand the
degradation and behavior of polymers, and develop
the right additive and color masterbatches to
increase the performance of PCRs and guarantee
high recyclability of the final article.
https://www.avient.com/sites/default/files/2022-05/OnFlex S HF Electrical Housing Case StudyNEW.pdf
THE IMPACT
By replacing traditional sealing materials with non-
halogenated OnFlex S HF TPE, Schneider-Electric NB
(Strömfors) was able to offer its customers several
significant benefits:
• For flexibility in processing, OnFlex S HF TPEs can be
supplied in either natural or pre-colored grades.
Natural
grades can be colored during processing with compatible
products from Avient’s OnColor™ color concentrate line
Additional advantages of these TPEs include:
• Highly flame retardant without the inclusion
of halogens
• Low temperature flexibility
• Excellent processability
• Good abrasion resistance
• Excellent colorability
• Operating temperatures from -50° C to +100° C
• All grades meet UL94-V0 at 1.5 mm
• All grades pass IEC 60695-2-12 Glow Wire Flammability
Index (GWFI) at 960°C
https://www.avient.com/sites/default/files/2020-07/core-powder-coatings-in-luxury-vehicles-case-study.pdf
Further,
the team developed a custom colorant that matched
the automaker’s interior color specs, and then
developed the final product so that the armrest could
be molded in color.
https://www.avient.com/sites/default/files/2022-09/Cesa Laser Marking Additives for Transportation Industry Bulletin.pdf
Our Cesa™ Laser
Marking Additives not only contain a laser marking
additive but also deliver a part’s color and can
include other additives such as those for scratch or
UV resistance.
The activation changes the
molecular structure of these
additives, causing a color change
that provides the vivid contrast
of laser marking.
The mark can be white
or dark in color.
https://www.avient.com/sites/default/files/2021-01/artisan-abs-fingerprint-detector-housing.pdf
FINGERPRINT
DETECTOR
H O U S I N G
• Metallic effect
• In-mold labeling replacement
• Overmold on PC
• Chemical resistance
• Achieved metallic effects without secondary
step of painting
• Customized colors to achieve desired
aesthetics of the design
• Improved cost-effectiveness
• Provided live technical support from concept
to production
Artisan™ AR7300-8001 M Silver Formulation
KEY REQUIRMENTS
WHY AVIENT ?
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/artisan-pre-colored-thermoplastics-paint-replacement
https://www.avient.com/sites/default/files/resources/Lahnstein_ISO50001.pdf
Avient Colorants Germany GmbH
Hohenrhein 1
56112 Lahnstein
Germany
Scope
Production of Color Concentrates and Compounds
Normative base
ISO 50001:2018 Energy Management System
Reg. no. 46089 Validity 17. 12. 2020 – 16. 12. 2023
Issue 12. 04. 2021
Swiss Made
Swiss Association for Quality
and Management Systems (SQS)
Bernstrasse 103, 3052 Zollikofen, Switzerland
sqs.ch
F.
https://www.avient.com/sites/default/files/2023-06/Trilliant HC-auto-injector-snapshot.pdf
MEDICAL CONTRACT
MANUFACTURER
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?