https://www.avient.com/products/polymer-colorants/colorant-dispersions/colorants-high-consistency-silicone-rubber
Silicone masterbatch dispersions use a silicone elastomer gum binder to create masterbatches.
These products are available in cuttable masterbatches or slabs for certain thermoset applications.
https://www.avient.com/news/archives?page=31
Future-Proof’ Pharma Packaging: Avient Launches New Regulatory-Compliant MEVOPUR™ Amber Masterbatches
Avient Launches New Renol™ and Remafin™ Masterbatches Developed to Create Natural-Looking TPE Wine Corks
CLEVELAND – June 10, 2021 – Avient today announced the launch of a new special-effect masterbatch package that enables production of natural-looki
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Presentation.pdf
EPS
$0.14
$2.67
$3.04
TOP-TIER SUSTAINABILITY PERFORMANCE
AND RECOGNITION
Industry Sustainability Standards
90th
percentile
84th
ESG Ratings Performance
1
10
PEOPLE
C U L T U R E I S E V E R Y T H I N G
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $17 million
raised since 2010
Diversity & Inclusion
11
2022 RE SU LT S
Q4 EBITDA BRIDGE
(PRO FORMA TOTAL COMPANY)
13
$ millions
CAI:
Price / Mix 42
Inflation (20)
SEM:
Price / Mix 14
Inflation (10)
Net Price Benefit 26
Wage and Energy Inflation (13)
Clariant Color Integration Synergies 4
Incentives, Other Employee Costs 21
FX (10)
Q4 2022 $107
Adjusted
Q4 2021 $ 132
Demand (50)
Russia Import Sales (3)
• Demand contraction
especially prevalent in
EMEA and Asia
• Pricing continues to cover
inflation of raw materials,
wages and energy
PROVEN TRACK RECORD OF STRONG AND
IMPROVING FREE CASH FLOW GENERATION
14
• Periods of economic
weakness have driven
higher levels of cash
generation due to
working capital
management
• Anticipate continued
strong free cash flow
generation and
conversion despite
global uncertainty
78% 78% 80% 80% 81%
78%
84% 83%
80%
0%
30%
40%
50%
60%
70%
80%
90%
2014 2015 2016 2017 2018 2019 2020 2021 2022
0
50
100
150
200
250
300
350
400
re
e
as
h
F
lo
w
C
o
n
ve
rs
io
n
re
e
as
h
F
lo
w
FCF $ AVNT FCF Conversion % S&P FCF Conversion %
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. 2020 is pro forma for Clariant Color and 2022 is pro forma for Avient Protective Materials
$600 $592
$3.02 $3.04
FULL YEAR 2022 PERFORMANCE
(TOTAL COMPANY PRO FORMA)
15
Sales Adjusted EBITDA
$3,712 $3,653
-2%
Adjusted EPS
-1% + 1%
(in millions) (in millions)
(+4% excluding FX) (+5% excluding FX) (+9% excluding FX)
FULL YEAR 2022 SEGMENT PERFORMANCE
16
CAI
$2,402 $2,355
$409 $402
SEM Pro Forma
$1,308 $1,300
$278 $272
(+4% excluding FX)
- 2% -1%
(+5% excluding FX)
- 2%
(+4% excluding FX)
- 2%
(+2% excluding FX)
PRO FORMA FULL YEAR EPS BRIDGE
17
Pro Forma 2021 Adjusted EPS 3.02$
Foreign Currency (0.23)
Russia Import Sales (0.07)
Outdoor High Performance (0.13)
Color, Additives and Inks 0.18
Specialty Engineered Materials 0.24
Corporate Costs / Other 0.03
Pro Forma 2022 Adjusted EPS 3.04$
FULL YEAR EBITDA BRIDGE
(PRO FORMA TOTAL COMPANY)
18
$ millions
CAI:
Price / Mix 247
Inflation (176)
SEM:
Price / Mix 121
Inflation (77)
Net Price Benefit 115
Wage and Energy Inflation (47)
Clariant Color Integration Synergies 23
Incentives, Other Employee Costs 43
FX (34)
Full Year 2022 $592
Adjusted
Full Year 2021 $ 600
Demand (99)
Russia Import Sales (9) • Demand primarily impacted
by China lockdowns, 4th
quarter industrywide
destocking and declining
consumer sentiment
• Pricing outpaced inflation of
raw materials, wages and
energy
2023 G U IDA N CE
$125
$530
$0.55
$2.40
2023 GUIDANCE
20
Sales Adjusted EBITDA
$845
$3,450
Adjusted EPS
(in millions) (in millions)
CASH FLOW / BALANCE SHEET
21
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability, primarily
in Europe
($ 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
K E Y G R O W T H D R I V E R S
A N D T R A N S F O R M E D
P O R T F O L I O
GROWTH DRIVERS: PROVEN SUCCESS
23 (1) Pro forma for the acquisition of Avient Protective Materials (APM)
COMPOSITES
$51
$84
$212
$668
HEALTHCARE
$108 $113
$231
$293
8-10%
ASIA/EMERGING REGIONS
$265
$358
$726
$830
12%
$340
$455
$790
$1,175
SUSTAINABLE SOLUTIONS
8-12%
(1) (1)(1)
(Sales in $ millions)
#1 Color Formulator
Dyneema® - World’s Strongest
Fiber™
#1 in Composites applications
for outdoor high performance
#1 in Performance Inks
Customized solutions
140+ PhDs on staff
Rapid development of
innovative products
Extensive patent (2,500+)
portfolio
33% Vitality Index
Better-positioned toward stable,
high-growth end markets
Consumer, packaging,
healthcare and defense comprise
nearly 60% of sales
Agnostic to raw materials,
helping all customers achieve their
goals
Broad portfolio of diversified
sustainable solutions
90%+ of our innovation pipeline
invested in sustainable solutions
Long-term growth rate well
above GDP with expectations of
8-12%
LEVERAGING OUR TRANSFORMED PORTFOLIO
24
Building &
4% Telecom.
2022 PF
$3.65B
sales
Leading Positions Sustainable SolutionsDiversified IndustriesSpecialty Formulator
(1) 2022 Pro forma for the acquisition of Avient Protective Materials
(2) 2020 Pro forma for the acquisition of Clariant Color
(1)(2)
$340M
$455M
$790M
2016 2018 2020PF 2022PF
$1,175M
P EE R C O M PAR IS O N S
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,450 and estimated run-rate CAPEX of $110M.
27
2
4 4
5 5 5
6
7 7
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/sites/default/files/2023-09/Color _ Additive Masterbatches for E_E Application Bulletin_A4.pdf
https://www.avient.com/sites/default/files/2021-01/certificate-of-amendment-modification-avient-colorants-canada-inc.pdf
Form 4
Canada Business Corporations Act
(CBCA) (s. 27 or 177)
Formulaire 4
Loi canadienne sur les sociétés par
actions (LCSA) (art. 27 ou 177)
Articles of Amendment Clauses modificatrices
Corporate name
Dénomination sociale
1
Clariant Plastics & Coatings Canada Inc.
https://www.avient.com/sites/default/files/2021-04/avient-colorants-netherlands-b.v.-extract-coc-apr-12-2021.pdf
Employees 4
Sole shareholder
Name Clariant Plastics & Coatings AG
Visiting address Rothaustrasse 61, CH-4132 Muttenz 1, Switzerland
Registered in Handelsregister
Basel-Landschaft, Switzerland
This extract has been certified with a digital signature and is an official proof of registration in the Business
Register.
https://www.avient.com/knowledge-base/article/eco-conscious-alternative-coloring-textiles?rtype[]=1164
Avient offers color concentrates (a.k.a. masterbatches) for spin-dyeing virgin and recycled fiber-grade polymers.
Discover our color masterbatch portfolio for spun-dyed polyester and polyamide
Masterbatches for Spun-Dyed PP: Remafin™ Fiber Colorants
https://www.avient.com/knowledge-base/article/eco-conscious-alternative-coloring-textiles?ind[]=6595
Avient offers color concentrates (a.k.a. masterbatches) for spin-dyeing virgin and recycled fiber-grade polymers.
Discover our color masterbatch portfolio for spun-dyed polyester and polyamide
Masterbatches for Spun-Dyed PP: Remafin™ Fiber Colorants
https://www.avient.com/knowledge-base/article/eco-conscious-alternative-coloring-textiles
Avient offers color concentrates (a.k.a. masterbatches) for spin-dyeing virgin and recycled fiber-grade polymers.
Discover our color masterbatch portfolio for spun-dyed polyester and polyamide
Masterbatches for Spun-Dyed PP: Remafin™ Fiber Colorants
https://www.avient.com/sites/default/files/2021-04/shanghai-9001.pdf
Park, Pudong, Shanghai China, 201203
and the sites as mentioned in the appendix accompanying this certificate
has been found to conform to the Quality Management System standard:
GB/T 19001-2016/ISO 9001:2015
This certificate is valid for the following scope:
Design and Manufacture of Masterbatch
Certificate No: 7071-1998-AQ-RGC-RvA
Place and date: Shanghai, 19 March, 2021
Lack of fulfilment of conditions as set out in the Certification Agreement may render this Certificate invalid.
TEL:+31(0)102922689. www.dnvgl.com/assurance
Page 2 of 2
Appendix to Certificate
PolyOne-Shanghai, China
Locations included in the certification are as follows:
Site Name Site Address Site Scope
PolyOne Polymer (Tianjin)
Company Limited
No.28#C, Jin Bin Hi-Tech
Industrial Park, 156 Nan Hai Road,
Tianjin Economic-Technological,
Tianjin, China, 300457
Manufacture of Masterbatch
PolyOne-Shanghai, China No. 88, Guo Shou Jing Road, Z.
Park, Pudong,
Shanghai, China, 201203
Design and Manufacture of Masterbatch