https://www.avient.com/sites/default/files/2021-09/cai-biopolymers-brochure-2021.pdf
Recent publications from the European Union
recognize that design for composting can be
beneficial for applications such as bio-waste bags,
teabags, plastic carrier, shopping or vegetable bags
and coffee capsules to name a few.
https://www.avient.com/sites/default/files/2020-09/versaflex-pf-technical-bulletin-sept-2020-es-la.pdf
VERSAFLEX™ PF
Capa de adherencia Versaflex™ PF para
películas de protección de superficies
BOLETÍN TÉCNICO
Propiedades Versaflex PF
MD6727
Versaflex PF
MD6741
Versaflex PF
MD6649
Versaflex PF
9512
Versaflex PF
MD6666
Versaflex PF
MD6748
Versaflex PF
MD6700
Características Baja adherencia
Baja adherencia; se utiliza
para ajustar el revestimiento
con MD6700
Baja-media adherencia Oferta de valor
Adherencia media
Bajo contenido
de gel/residuos
Construcción de baja
adherencia Alta adherencia
Resistencia al
desprendimiento Baja Baja-media Media Media-Alta Media-Alta Alta Alta
Aplicaciones Películas ópticas Electrodomésticos Plásticos Construcción / Metales
sin recubrimiento Metales acabados Acero/Metales pintados Metales sin recubrimiento
MFR a 190 °C/2,16 kg -- 4,5 17 5,4 21 4,8 6,5
MFRa@ 230 °C/2,16 kg 10 20 -- -- -- -- --
Gravedad específica, g/cc 0,92 0,91 0,92 0,92 0,94 0,94 0,94
Dureza, Límite A 50 49 37 38 37 31 30
G' a 23 °C, Pa 28,0 x 105 10,4 x 106 8,3 x 105 -- 9,9 x 105 11,8 x 105 10,0 x 105
Tg DMA, °C -29 -30 -9 10 11 15 21
Película LDPE/Versaflex PF1 Desprendimiento de 180°, N/25 mm
Acero inoxidable
después de 20 minutos
a 25 °C 0,5 2,2 3,2 6,1 6,7 8,5 8,6
después de 7 días
a 25 °C 0,6 2,7 4,3 5,5 8,2 8,3 10,3
PMMA2
después de 20 minutos
a 25 °C 1,1 1,7 3,8 4,9 6,9 8,3 8,8
después de 20 minutos
a 75 °C 2,8 4,1 5,1 6,9 9,0 10,7 11,8
después de 7 días
a 75 °C 4,0 4,4 5,9 9,8 8,4 9,8 10,3
Policarbonato3
después de 20 minutos
a 25 °C 1,4 2,2 3,8 6,8 6,3 8,4 7,0
después de 20 minutos
a 75 °C 3,4 4,8 6,7 8,8 8,8 10,0 11,8
después de 7 días
a 75 °C 4,6 6,5 7,5 10,6 11,6 10,6 13,8
1 Grosor de la película: LDPE de 51 micras/Versaflex PF de 25 micras.
2 Arkema Plexiglas™ V052-100 (Plexiglas es una marca comercial de Arkema France Corp).
3 Sabic Lexan™ L52-111 (Lexan es una marca comercial de Sabic Innovative Plastics).
https://www.avient.com/sites/default/files/2024-09/Complet OnForce LFT Overview _ Brand Brochure.pdf
OVERCOME
MATERIAL
CHALLENGES
Deploy long fiber reinforced
composites to meet these needs:
• Metal replacement for weight reduction
• Failure of lower performing plastics
• Structural load carrying requirements
• Increased impact or fatigue durability
• Wide temperature range performance
• Thermoplastic design freedom
• Manufacturing process cost savings
1.844.4AVIENT
www.avient.com
Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2025-02/Hexagon and digimat case study.pdf
This greatly improves solution resolution and provides
a guide for optimising the plastic component and mold
tooling design,” said Brad Davison, the North America
Director of Technology for Specialty Engineered Materials
at Avient.
https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future;
• The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• Changes in laws and regulations regarding plastics in jurisdictions where we conduct business;
• Fluctuations in raw material prices, quality and supply, and in energy prices and supply;
• Production outages or material costs associated with scheduled or unscheduled maintenance programs;
• Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
• Our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials (APM);
• An inability to raise or sustain prices for products or services;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and
• Other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation and any recessionary conditions
Use of Non-GAAP Measures
This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
Examples include:
• Dyneema®, the world's strongest fiber™, enables
unmatched levels of performance and protection
for end-use applications, including ballistic
personal protection, marine and sustainable
infrastructure and outdoor sports
• Unique technologies that improve the
recyclability of products and enable recycled
content to be incorporated, thus advancing a
more circular economy
• Light-weighting solutions that replace heavier
traditional materials like metal, glass and wood,
which can improve fuel efficiency in all modes of
transportation and reduce carbon footprint
• Sustainable infrastructure solutions that increase
energy efficiency, renewable energy, natural
resource conservation and fiber optic / 5G
network accessibility
Avient is a certified ACC Responsible Care® and a
founding member of the Alliance to End Plastic Waste.
National Defense
budget of $842 billion submitted to Congress
in Q1 2023
• European NATO members annual defense
spend expected to increase by up to 20%
Dyneema® is the world’s strongest fiber™
One of the highest strength to weight
ratios of any material on Earth
Direct relationships with industry leading
armor manufacturers
Resistant to most chemicals, UV, and
moisture to handle any environment
Avient Confidential 17
DEFENSE
Source: US Department of Defense, defense.gov, NATO17
Source:
TRANSPORTATION
• Increased EPA regulations requiring
improved fuel efficiency, enabled in part by
lower-weight vehicles
• Automakers preparing for 2/3 of U.S.
vehicles to be 100% electric by 2032
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
18
$130
$530
$0.60
$2.40
2023 GUIDANCE
19
Sales Adjusted EBITDA
$845
$3,400
Adjusted EPS
(in millions) (in millions)
CASH FLOW / LEVERAGE
20
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ 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 DRIVERS
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%
21
Sustainable
Solutions
32%
Asia / LATAM
Composites
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 22
SUSTAINABILITY
INVESTOR DAY
22
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTAINABILITY FOR A BETTER TOMORROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
23
*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
SUSTAINABILITY NEEDS BY MARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
• Recycle Solutions
• Carbon Footprint
Packaging
• Recycle Solutions
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
24
INVESTING
IN INNOVATION
S U S T A I N A B I L I T Y P O R T F O L I O
25
AP P EN D IX
28
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
Pigments
12%
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
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%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
24%
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
C O L O R , A D D I T I V E S & I N K S
2022 REVENUE | $2 .4 B ILL ION
34%
38%
END MARKET REGION
31
34%
21%
Building &
1% Energy
2%
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
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
52%
35%
REGION
32
19%
8%Industrial
9% Defense
Building &
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
27%
14%
17%
Building &
(37% of sales)Transportation
24%
12%
Building &
US &
Canada
(40% of sales)
56%
23%
Building &
1%
LATAM
(5% of sales)
3%
33
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
35
4 4
5 5 5
6
7
9
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/sites/default/files/2021-04/avnt-first-quarter-2021-news-release.pdf
Examples include:
• Barrier technologies that preserve the shelf-life and quality of food, beverages, medicine
and other perishable goods through high-performance materials that require less plastic
• Light-weighting solutions that replace heavier traditional materials like metal, glass and
wood, which can improve fuel efficiency in all modes of transportation
• Breakthrough technologies that minimize wastewater and improve the recyclability of
materials and packaging across a spectrum of end uses
Avient employs approximately 8,400 associates and is certified ACC Responsible Care®, a
founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
Factors that could cause
actual results to differ materially from those implied by these forward-looking statements include
disruptions, uncertainty or volatility in the credit markets that could adversely impact the
availability of credit already arranged and the availability and cost of credit in the future; the effect
on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory
risks; the current and potential future impact of the COVID-19 pandemic on our business, results
of operations, financial position or cash flows; our ability to achieve the strategic and other
objectives relating to the acquisition of Clariant's Masterbatch business, including any expected
synergies; changes in polymer consumption growth rates and laws and regulations regarding
plastics in jurisdictions where we conduct business; fluctuations in raw material prices, quality
and supply, and in energy prices and supply; production outages or material costs associated
with scheduled or unscheduled maintenance programs; unanticipated developments that could
occur with respect to contingencies such as litigation and environmental matters; an inability to
achieve the anticipated financial benefit from initiatives related to acquisition and integration
working capital reductions, cost reductions and employee productivity goals; our ability to pay
regular quarterly cash dividends and the amounts and timing of any future dividends; information
systems failures and cyberattacks; our ability to consummate and successfully integrate
acquisitions; and amounts for cash and non-cash charges related to restructuring plans that may
differ from original estimates, including because of timing changes associated with the underlying
actions.
https://www.avient.com/sites/default/files/2021-04/existencia-y-represnentacion-avient-colombia-sas.pdf
CONSTITUCIÓN
Por Documento Privado del 1 de septiembre de 2015 de Asamblea de
Accionistas, inscrito en esta Cámara de Comercio el 10 de septiembre
de 2015, con el No. 02018284 del Libro IX, se constituyó la sociedad
de naturaleza Comercial denominada CLARIANT PLASTICS & COATINGS
(COLOMBIA) SAS.
REFORMAS ESPECIALES
Por Acta No. 17 del 9 de abril de 2021 de Accionista Único, inscrito
en esta Cámara de Comercio el 12 de abril de 2021, con el No. 02683838
del Libro IX, la sociedad cambió su denominación o razón social de
CLARIANT PLASTICS & COATINGS (COLOMBIA) SAS a AVIENT COLOMBIA S.A.S.
La verificación se puede realizar de manera
ilimitada, durante 60 días calendario contados a partir de la fecha de su expedición.
--------------------------------------------------------------------------------------------------
Por Documento Privado del 29 de diciembre de 2015 de Representante
Legal, inscrito el 6 de enero de 2016 bajo el número 02051006 del
libro IX, comunicó la sociedad matríz:
- CLARIANT PLASTICS & COATINGS AG
Domicilio: (Fuera Del País)
Presupuesto: Numeral 1 Artículo 261 del Código de Comercio
Que se ha configurado una situación de control con la sociedad de la
referencia.
https://www.avient.com/sites/default/files/resources/AquaMix-_Fact_Sheet__72831-B_%25281%2529.pdf
Plasticizer and Oil Emulsions
DIDP Aquamix 391 65 Diisodecyl Phthalate
DOA Aquamix 387 65 Dioctyl Adipate
DOP Aquamix 109 65 Dioctyl Phthalate
Paraffinic Oil Aquamix 441 50
Naphthenic Oil Aquamix 639 65
Tackifier Dispersions
Pentalyn® C Aquamix 569 50 Synthetic resin.
Plasticizer and Oil Emulsions
DIDP Aquamix 391 65 Diisodecyl Phthalate
DOA Aquamix 387 65 Dioctyl Adipate
DOP Aquamix 109 65 Dioctyl Phthalate
Paraffinic Oil Aquamix 441 50
Naphthenic Oil Aquamix 639 65
Tackifier Dispersions
Pentalyn® C Aquamix 569 50 Synthetic resin.
https://www.avient.com/sites/default/files/2022-04/Avient Q1 2022 Earnings Release.pdf
Examples include:
• Unique technologies that improve the recyclability of products and enable recycled content
to be incorporated, thus advancing a more circular economy
• Light-weighting solutions that replace heavier traditional materials like metal, glass and
wood, which can improve fuel efficiency in all modes of transportation and reduce carbon
footprint
• Sustainable infrastructure solutions that increase energy efficiency, renewable energy,
natural resource conservation and fiber optic / 5G network accessibility
Avient employs approximately 8,700 associates and is certified ACC Responsible Care®, a
founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
Factors that could cause
actual results to differ materially from those implied by these forward-looking statements include,
but are not limited to: the ability and time required to consummate the acquisition of Dyneema;
our ability to achieve the strategic and other objectives relating to the proposed acquisition of
Dyneema; disruptions, uncertainty or volatility in the credit markets that could adversely impact
the availability of credit already arranged and the availability and cost of credit in the future; the
effect on foreign operations of currency fluctuations, tariffs and other political, economic and
regulatory risks; the current and potential future impact of the COVID-19 pandemic on our
business, results of operations, financial position or cash flows; changes in polymer consumption
growth rates and laws and regulations regarding plastics in jurisdictions where we conduct
business; fluctuations in raw material prices, quality and supply, and in energy prices and supply;
production outages or material costs associated with scheduled or unscheduled maintenance
programs; unanticipated developments that could occur with respect to contingencies such as
litigation and environmental matters; an inability to raise or sustain prices for products or services;
information systems failures and cyberattacks; and other factors affecting our business beyond
our control, including without limitation, changes in the general economy, changes in interest
rates and changes in the rate of inflation.
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future;
• The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• Changes in laws and regulations regarding plastics in jurisdictions where we conduct business;
• Fluctuations in raw material prices, quality and supply, and in energy prices and supply;
• Production outages or material costs associated with scheduled or unscheduled maintenance programs;
• Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
• Our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials (APM);
• An inability to raise or sustain prices for products or services;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and
• Other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation and any recessionary conditions
Use of Non-GAAP Measures
This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
National Defense
budget of $842 billion submitted to Congress
in Q1 2023
• European NATO members annual defense
spend expected to increase by up to 20%
Dyneema® is the world’s strongest fiber™
One of the highest strength to weight
ratios of any material on Earth
Direct relationships with industry leading
armor manufacturers
Resistant to most chemicals, UV, and
moisture to handle any environment
Avient Confidential 13
DEFENSE
Source: US Department of Defense, defense.gov, NATO13
Source:
TRANSPORTATION
• Increased EPA regulations requiring
improved fuel efficiency, enabled in part by
lower-weight vehicles
• Automakers preparing for 2/3 of U.S.
vehicles to be 100% electric by 2032
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
$0.60
$2.40
2023 GUIDANCE
15
Sales Adjusted EBITDA
$845
$3,400
Adjusted EPS
(in millions) (in millions)
CASH FLOW / LEVERAGE
16
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ 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 DRIVERS
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
Composites
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
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTAINABILITY FOR A BETTER TOMORROW
Revenue From Sustainable Solutions* 2016-2022
($ 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
SUSTAINABILITY NEEDS BY MARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
• Recycle Solutions
• Carbon Footprint
Packaging
• Recycle Solutions
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
20
INVESTING
IN INNOVATION
S U S T A I N A B I L I T Y P O R T F O L I O
21
AP P EN D IX
24
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
Pigments
12%
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
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%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
24%
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%
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
2022 REVENUE | $2 .4 B ILL ION
34%
38%
END MARKET REGION
27
34%
21%
Building &
1% Energy
2%
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
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
52%
35%
REGION
28
19%
8%Industrial
9% Defense
Building &
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
27%
14%
17%
Building &
(37% of sales)Transportation
24%
12%
Building &
US &
Canada
(40% of sales)
56%
23%
Building &
1%
LATAM
(5% of sales)
3%
29
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
31
4 4
5 5 5
6
7
9
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.