https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
BUSINESS
Business Overview
specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and
enhancing additives, liquid colorants and fluoropolymers and silicone colorants.
Color and additive solutions include an innovative
array of colors, special effects and performance-enhancing and eco-friendly solutions.
Our Business
specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and
enhancing additives, liquid colorants, and fluoropolymer and silicone colorants.
https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.pdf
&
Canada
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
40%
37%
18%
9% 4% 4%
Building &
Energy Telecom
4
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
1. 6.5% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
Q 1 2 0 2 3
-8%
+6%
-1%
Flat
14
Total Avient -2.6%
2023 G U IDA N CE
$128
$525
$0.56
$2.40
2023 GUIDANCE
16
$800
$3,280
Sales Adjusted EBITDA Adjusted EPS
(in millions) (in millions)
17
• Focused on working capital
management, restructuring
actions to streamline
operations
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Preserve Free Cash Flow to
maintain net leverage
CASH FLOW / LEVERAGE
($ millions) 2023E
Cash Flow from Operating Activities 320$
Less: CapEx (140)
Free Cash Flow 180$
Adjusted EBITDA 525$
Net Debt / Adjusted EBITDA 3.0x
SUSTAINABILITY AS A GROWTH DRIVER
18
LONG-TERM REVENUE GROWTH DRIVERS
Revenue From Sustainable Solutions* 2016-2022
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
$1,175M
*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
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
SUSTAINABILITY REPORT
2022
• Provides progress on 2030 goals
• Reaffirms commitment to U.N.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
28
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
9.5
13.8
12.7 12.6
11.3
8.7
18.6
16.5
10.1 10.0 9.7 9.5 9.4
8.7
01
1)
01
8)
02
3)
Avient Specialty
Other Specialty /
SEGMENT DATA
U.S. & Canada
40%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Building and
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
9%
30
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2022 REVENUE | $2 .4 B ILL ION
34%
38%
END MARKET REGION
31
34%
21%
Building &
1% Energy
2%
COLOR, ADDITIVES & INKS
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
52%
35%
32
19%
8%Industrial
16%
9% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
27%
14%
17%
Building &
(37% of sales)Transportation
12%
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
33
BY END MARKET
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/resources/PolyOne%25202017%2520Annual%2520Report.pdf
We are also a
highly specialized developer and manufacturer of performance enhancing additives, liquid colorants and
fluoropolymers and silicone colorants.
Mesa), a producer of
solid and liquid colorant technologies.
Color and additive solutions include an innovative array of colors, special effects and
performance-enhancing and eco-friendly solutions.
https://www.avient.com/sites/default/files/2023-01/Hydrocerol Chemical Foaming Agents for Injection Molding Technical Bulletin.pdf
Hydrocerol Chemical Foaming Agents simply require
an accurate additive or color concentrate feeder/
blender, which is usually on hand at most molders.
Furthermore,
azo compounds are characterized by a yellow color,
which can lead to undesired color changes.
https://www.avient.com/sites/default/files/2025-03/380605_AVIENT_2024AR_full_250325.pdf
Our expanding portfolio
of offerings includes colorants, advanced composites, functional
additives, engineered materials, and Dyneema®, the world’s
strongest fiber™.
In doing so, both of
our segments, Color, Additives & Inks and Specialty
Engineered Materials, contributed to our strong
performance with increases in revenue while
expanding margins.
Senior Vice President, Global Operations and
Process Improvement
Woon Keat Moh
Senior Vice President, and
President of Color, Additives and Inks
Christopher L.
https://www.avient.com/sites/default/files/2025-05/Avient Announces First Quarter 2025 Results_0.pdf
Our expanding portfolio of offerings includes colorants,
advanced composites, functional additives, engineered materials, and Dyneema®, the world’s
strongest fiber™.
Three Months Ended
March 31,
2025 2024
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
Gross margin:
Color, Additives and Inks $ 173.1 $ 171.2
Specialty Engineered Materials 97.8 107.0
Corporate (7.7) —
Gross margin $ 263.2 $ 278.2
Selling and administrative expense:
Color, Additives and Inks $ 94.5 $ 96.4
Specialty Engineered Materials 50.7 53.6
Corporate 117.3 34.2
Selling and administrative expense $ 262.5 $ 184.2
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 & amortization:
Color, Additives and Inks $ 21.7 $ 21.9
Specialty Engineered Materials 21.5 19.6
Corporate 2.1 2.8
Depreciation & amortization $ 45.3 $ 44.3
Earnings before interest, taxes, depreciation and amortization (EBITDA):
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 & amortization included in special items (0.4) (0.5)
Adjusted EBITDA $ 144.7 $ 143.1
12
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses operating income before special items to assess performance and allocate resources because senior
management believes that this measure is most useful in understanding current profitability levels and how it may serve as a
basis for future performance.
https://www.avient.com/sites/default/files/2024-03/Luxury Closures Application Bulletin_Online.pdf
Add visual surface effects and aesthetics without
complexity – You can achieve various aesthetic
appearances using Gravi-Tech material such as color
variation, metallic finish, or marbling and swirling.
Utilize existing molds – Replace current ABS
solutions with low shrinkage PP grades and utilize
your existing molds
GT5200-
0013
GT7300-
0006
GT7300-
0010
PVD 2.0
GT5200-
0016
PVD 3.0
GT5200-
5025
GT7300-
5020
NATURAL FD
GT5200-
5009
BLACK SO FD
GT5200-
5044
GT5200-
5016 X2
GT7300-
5007 X1
WHITE FD
GT7300-
5003
GT5200-
5003
GRV PP-
030-IO
5068 X2
5009 X5
BLACK SO
5021
NATURAL FD
5003
BLACK FD
BLACK FD
GRV PP-
030-IO
CI GT5200-
5089
NATURAL
C GT5200-
5082 BLACK
Specific
Gravity* 2 2 2 3 1.25 1.6 1.85 2 2 2.2 2.5 2.5 3 1.20 1.90 2.2 2.50 2.50 3.0 1.20 1.20
Electroplating No Yes Possibly Possibly Possibly Yes Yes Yes No Possibly Possibly Yes No Yes Yes Yes Not tested Not tested Not tested Yes Yes
Physical Vapor
Deposition
(PVD)/Vacuum
Metallization
Possibly Possibly Yes Yes Possibly Possibly Possibly Possibly Yes Yes Yes Yes Yes Possibly Possibly Possibly Yes Yes Yes Possibly Possibly
Base
Resin PP ABS ABS PP PP ABS PP PP PP ABS ABS PP PP PP PP ABS ABS PP PP rPP (ocean
bound) rPP (PCR)
Base
Color White Black Grey Black Natural Natural Black Beige Black White Black Black Black Black Black Natural/
Beige Black Black Black Natural Black
FDA
Compliant* Yes Yes Yes Yes No Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No
Filled Mineral Mineral Mineral Metallic Mineral Mineral Mineral Mineral Metallic Mineral Metallic Metallic Metallic Mineral Mineral Mineral Metallic Metallic Metallic Mineral Mineral
Region
Produced
North
America
North
North
North
America Europe Europe Europe Europe Europe Europe Europe Europe Europe Europe Europe Europe Europe Europe Europe Europe Europe
Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2022-03/Fiber-Line Coating Selection Guide.pdf
FIBER-LINE™
PERFORMANCE
ENHANCING COATINGS
PRODUCT SELECTION GUIDE
FIBER-LINE™ COATING SELECTION GUIDE
COATING
Bondcoat™
Adhesion
Enhancing
Colorcoat™
Fiber Color
Packcoat™
Performance
Enhancing
Protexcoat™
UV Resistant
Swellcoat™
Blocker Water
Blocking
Swellcoat™
Water Absorbing
Wearcoat™
High Abrasion
Blockcoat™
Anti-Wicking
Repelcoat™
Water Repellant
Flamecoat™
Flame Resistant
FEATURES
• Created for
applications where
an untreated fiber
does not have the
ability to provide the
appropriate amount
of bonding
characteristics to
another material
• Provides adhesion to
another fiber or
substrate without
impacting other
performance
properties
• Improves adhesion
of the fiber to the
resin matrix it is
introduced into
• Enables industry
standard “burst”
tests or stringent
delamination
analysis
• Designed to achieve
vibrant colors for
safety, identification,
and aesthetics
• Specialized formulas
and binders adhere
the pigment to the
exterior of the
individual filaments,
while impregnating
deep into the fiber
bundle
• Available by Pantone
or RAL number
• Compatible with a
variety of composite
resins including
epoxy, polyurethane,
and polyethylene
• Stronger than
solution-dyed fibers
• Designed to add
lubricity and
temperature
resistance at the
filament level for
braided compression
packing
• Coating at the fiber
level versus the
finished braid
achieves higher %
level coating
• Fiber level coating
extends the life of
the braid and
reduces required
maintenance
• Various formulations
available
• PTFE, silicone,
graphite, and
mineral oil
• Created for high
performance fibers
that lack inherent
ultraviolet (UV)
resistance
• Coating impregnates
the individual fibers
with a specialized
resin for improved
UV protection
• Coating
enhancements
include UV inhibitors,
absorbers and
stabilizers
• Improves the
processing of the
product via reduced
filament snagging
and friction
• Low level water-
blocking finish for
any technical fiber or
textile substrate
• Provides water-
blocked strength
reinforcements for
dry cable designs
• Can absorb 5x to 15x
its weight in water
• Dust-free coating
imparts a very soft
fiber hand,
advantageous to
cable, rope, and
other textile
processes
• Patented technology
incorporates super
absorbent polymer (SAP)
suspended in a
proprietary resin matrix
• Used in the production
of ‘dry-dry’
telecommunications,
electromechanical,
seismic, umbilical and
power cables
• Can absorb up to 100x
its weight in water
• Creates a stable gel
when exposed to water
• Functionally replaces
flooding compounds,
filling gels, spun SAF
yarns, and water
blocking tapes
• Enables faster, more
economical and robust
cable manufacturing
• Increases durability and
abrasion resistance by
encapsulating filaments
in the fiber bundle
• Extends the life of the
product by reducing the
effects of friction and
yarn on yarn abrasion
• Protects the fiber
from degradation and
filamentation
• Ideal for high abrasion
and high friction
applications in a range
of fiber constructions
and environments
• Wicking refers to the
tendency of a yarn
or other fiber to draw
moisture into filaments
via capillary action
• Coatings designed to
prevent moisture from
wicking within and
between fibers and
strands
• Protects Wire or Optical
Fiber from damaging
effects of moisture,
which can cause a drop
in signal and attenuation
• Hydrophobic additives
used to promote and
enhance water
repellancy in industrial
applications
• Creates a waterproof
barrier that prevents
moisture from further
migration
• Applied at various %
levels to optimize for
water-proof ratings
• Designed to inhibit or
slow the spread of
fire/flame
• Coupled to fibers with
inherent flame and
thermal resistance to
boost performance
• Added to fibers with
weak flame resistance
to improve burn rating
SUITABLE
FIBERS
• Technora® Fiber
• UHMWPE
• Graphite Fiber
• PTFE Fiber
• Technora® Fiber
• PET Polyester
(All shrinks)
• UHMWPE
• Vectran® LCP
• Technora® Fiber
• PET Polyester
(All shrinks)
• PET Polyester
(All shrinks)
• UHMWPE
• PET Polyester
(All shrinks)
• PET Polyester
(All shrinks)
• Vectran® LCP
• PET Polyester
(All shrinks)
PRODUCTS
• Belt & Hose
Reinforcement Yarn
• Braided compression
rings and seals
• Valve stem packing
• Pump packing
• Filler Yarn
• Synthetic Wire Rope
• Buffer Thread
• Filler Yarn
• FRP Rod
• Synthetic Wire Rope
Kevlar® and Nomex® are trademarks of DUPONT SAFETY & CONSTRUCTION, INC.
https://www.avient.com/sites/default/files/2021-07/lactra-low-tio2-product-bulletin_0.pdf
DAIRY PACKAGING OPTIONS
Dairy brands have employed various packaging
materials and formats to protect dairy products
from visible light including colored glass, laminated
paperboard cartons, and multilayer plastics.
This literature shall NOT operate as permission, recommendation, or inducement to practice any patented invention without permission of the patent owner.
1.844.4AVIENT
www.avient.com
PROPERTIES LACTRA™ FOUR LACTRA™ ONE LACTRA™ ZERO
TiO2 % in bottles at UHT LDR 3% 1% 0%
Recommended LDR for UHT 10% 7% 10%
Light blocking at 550nm at UHT LDR >99.9% >99.8% >99.9%
Light blocking at 700nm at UHT LDR >99.9% >99.8% >99.9%
Color L* >90 >88 >90
COLORMATRIX LACTRA LOW-TIO2 RANGE
https://www.avient.com/sites/default/files/2020-12/resound-om-technical-bulletin_0.pdf
Plus, with an opaque natural color, all reSound OM
materials are easily colorable, a major requirement
for applications such as cosmetics packaging,
personal care products, household appliances,
and consumer electronics.