https://www.avient.com/sites/default/files/2022-12/Cesa Fiber Additives Soft Touch Effect Product Bulletin.pdf
Soft touch concentrates based on
natural additives and colors can also be developed
on request.
KEY BENEFITS
• Highly dispersed additives with high efficacy
at low to moderate dosages
• Excellent compatibility with the application
resin
• Non-phenolic and non-phthalate additives
• Formulated without animal-derived substances
• Food contact compliance according to US FDA
and EU norms
• OEM approvals for hygiene products
• Can be combined with colors into a single
combination concentrate for convenience
• Product guidance and technical assistance
from our experts
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
& Canada
41%
36%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
23%Industrial
Building and
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
22
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2023 REVENUE | $2 .0 BILLION
34%
37%
21%
END MARKET REGION
23
34%
21%
15%
Building &
1% Energy
COLOR, ADDITIVES & INKS
2023 REVENUE | $1 .1 BILLION
52%
35%
24
6%Industrial
12%
10% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
26%
Building &
6%
2% Defense
1%
(18% of sales)
2023 AVIENT REGIONAL SALES
25%
Building &
(36% of sales)Transportation
22%
Building &
12%
6%
US &
Canada
(41% of sales)
59%
22%
Building &
LATAM
(5% of sales)
25
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.
Three Months
Ended Year Ended
Reconciliation of Pro Forma Adjusted Earnings per Share December 31, 2022
Net (loss) income from continuing operations attributable to Avient
shareholders $ (17.0) $ 82.8
Special items, after tax 38.3 116.2
Amortization expense, after-tax 14.6 49.0
Adjusted net income from continuing operations excluding special
items 35.9 248.0
Pro forma adjustments* 2.5 13.6
APM pro forma amortization expense, after-tax* — 19.1
Pro forma adjusted net income from continuing operations attributable
to Avient shareholders $ 38.4 $ 280.7
Weighted average diluted shares 91.7 92.2
Pro forma adjusted EPS - excluding special items pro forma for APM
acquisition $ 0.42 $ 3.04
* Pro forma adjustment to reflect APM results for the period before Avient ownership including the impacts of debt financing and paydown of
debt with net proceeds from the Distribution sale.
2
Three Months Ended
Year Ended
2023 2022 2023 2022
Sales:
Color, Additives and Inks $ 459.4 $ 490.8 $ 2,007.4 $ 2,355.0
Specialty Engineered Materials 259.8 300.8 1,138.2 1,044.4
Corporate (0.2) (1.2) (2.8) (2.5)
Sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9
Operating income:
Color, Additives and Inks $ 61.8 $ 44.3 $ 259.9 $ 301.0
Specialty Engineered Materials 29.4 35.2 142.5 140.1
Corporate (48.1) (79.1) (205.6) (197.8)
Operating income $ 43.1 $ 0.4 $ 196.8 $ 243.3
Other expense, net: $ 4.3 $ (28.4) $ 5.8 $ (59.7)
Depreciation & amortization:
Color, Additives and Inks $ 22.2 $ 25.2 $ 98.3 $ 101.3
Specialty Engineered Materials 19.8 20.3 81.5 48.7
Corporate 2.2 3.1 9.0 12.5
Depreciation & amortization $ 44.2 $ 48.6 $ 188.8 $ 162.5
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 84.0 $ 69.5 $ 358.2 $ 402.3
Specialty Engineered Materials 49.2 55.5 224.0 188.8
Corporate (45.9) (76.0) (196.6) (185.3)
Other expense, net $ 4.3 $ (28.4) $ 5.8 $ (59.7)
EBITDA $ 91.6 $ 20.6 $ 391.4 $ 346.1
Special items in EBITDA 22.3 86.8 110.4 162.5
EBITDA - excluding special items $ 113.9 $ 107.4 $ 501.8 $ 508.6
APM pro forma adjustments - 8 months 2022* — — — 83.1
Pro forma EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7
* Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).
3
AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
AVNT Q4 2023 Earnings Presentation_For Website.pdf
IR Deck - AVNT-2023.12.31 (2.12.24 9PM Milestone February 12 0905 pm).pdf
Attachment
Non-GAAP Update.pdf
https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
Three Months Ended
March 31,
2023 2022
Sales:
Color, Additives and Inks $ 537.0 $ 649.5
Specialty Engineered Materials 309.7 243.1
Corporate (1.0) (0.4)
Sales $ 845.7 $ 892.2
Gross margin:
Color, Additives and Inks $ 162.0 $ 192.1
Specialty Engineered Materials 93.9 68.4
Corporate (8.3) (6.1)
Gross margin $ 247.6 $ 254.4
Selling and administrative expense:
Color, Additives and Inks $ 96.4 $ 97.6
Specialty Engineered Materials 50.8 30.1
Corporate 43.3 24.5
Selling and administrative expense $ 190.5 $ 152.2
Operating income:
Color, Additives and Inks $ 65.6 $ 94.5
Specialty Engineered Materials 43.1 38.3
Corporate (51.6) (30.6)
Operating income $ 57.1 $ 102.2
Depreciation & amortization:
Color, Additives and Inks $ 25.8 $ 26.0
Specialty Engineered Materials 21.2 7.8
Corporate 3.5 3.8
Depreciation & Amortization $ 50.5 $ 37.6
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 91.4 $ 120.5
Specialty Engineered Materials 64.3 46.1
Corporate (48.1) (26.8)
Other income (expense), net 0.7 (0.6)
EBITDA $ 108.3 $ 139.2
13
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses gross margin before special items and operating income before special items to assess performance
and allocate resources because senior management believes that these measures are useful in understanding current profitability
levels and how it may serve as a basis for future performance.
https://www.avient.com/sites/default/files/2021-04/versalloy-medical-tubing-case-study.pdf
The hose manufacturer decided to explore other
material options that would meet requirements such
as excellent colorability, good surface appearance,
high flow for optimal productivity, and of course,
compliance with U.S.
In addition to its excellent colorability and high flow,
the Versalloy solution possessed a lower specific gravity
and resulted in lower scrap rates compared to the
competitive TPV, providing the opportunity to reduce
system costs.
https://www.avient.com/sites/default/files/2020-08/gravi-tech-closures-case-study.pdf
In addition to cost savings, replacing metal would enable
the closure producer to provide its spirits customers with
customization in density and color, because Gravi-Tech
formulations are colorable, and can be tuned to replicate
up to 5 times the density of traditional polymers.
https://www.avient.com/sites/default/files/2022-12/Cesa Fiber Additives Light Stabilizers Product Bulletin.pdf
Cesa™ Fiber Additives
Light Stabilizers for Synthetic Fibers and Nonwovens
Non UV-stabilized fibers exposed to sunlight can
suffer color fading and molecular changes that
degrade their chemical and mechanical properties,
leading to fraying and breakages.
KEY BENEFITS
Avient’s UV stabilizers for fibers provide the
following benefits:
• High active ingredient loading options available
• Little or no effect on processing speeds so
plant productivity can be maintained at the
highest levels
• Resistance to interaction with fertilizers,
pesticides and bleaching agents in the
manufacturing and end-use environment
• Can be combined with colors and with other
additives (e.g., flame retardants) into a single
combination concentrate for convenience
• Product guidance and technical assistance
from our experts
PRODUCT BULLETIN
Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/2022-12/Mevopur Healthcare Bio-based Polymer Solutions Application Bulletin.pdf
Avient provides pre-tested color and additive
concentrates based on bio-polymers to minimize
the risk of non-compliance and support a more
sustainable profile for plastic products used in the
healthcare industry.
KEY CHARACTERISTICS
• Available for polyethylene, polypropylene, ABS,
polycarbonate and styrenics
• Bio-content of resin carrier varies from 70% to
100% depending on polymer—calculated to
ASTM D6866 standard
• Manufactured at four ISO 13485 certified sites,
providing global consistency and security of
supply
• Documented change control beyond CAS
number, reducing risk of change
• Drop-in solutions that can be processed like
fossil-based grades on common injection
molding and extrusion machines
• Can be provided as ready-to-use pre-colored
or additive formulation
REGULATORY SUPPORT
• Raw materials tested to:
- ISO 10993-1
- USP and (incl. class VI)
- European Pharmacopeia, monograph 3.1.3/
3.1.5 (polyolefin packaging materials)
- USP (polyethylene)
- Elemental impurities as per ICH Q3D
• Registered Drug Master File (Type III) and/or
Device Master File
• Food contact according to US FDA and
APPLICATION BULLETIN
Sustainability Spotlight
Bio-polymers
Healthcare use limitations apply—see below.
https://www.avient.com/sites/default/files/2020-09/bettcher-case-study-1.pdf
The final solution was pre-colored to match the brand’s
existing color palette and eliminate the need for
secondary processing steps.
https://www.avient.com/sites/default/files/2023-03/Mevopur Healthcare Functional Additives Nucleating Application Bulletin.pdf
Mevopur™ Healthcare Functional Additives
Nucleating Agents
Colors are used in the medical industry for
brand recognition, the coding of different
pharmaceuticals, or visual appeal.
However,
pigments used to color plastic parts can cause
warping or shrinking, leading to dosing inaccuracy
or even malfunctioning healthcare devices.
https://www.avient.com/sites/default/files/2023-03/ColorMatrix Amosorb rPET Booster Product Bulletin.pdf
Amosorb 4020R improves the aesthetics of recycled
packaging in terms of haze and color, and also
maintains performance levels irrespective of the
level of rPET used, delivering consistent results at
all levels of rPET; 25%, 50% and 100%.
KEY BENEFITS
• Consistent performance with all levels of rPET;
25%, 50% and 100%
• Improved haze and color
• Can be used with many different resin/grades
• Non-nylon based
• Simple to use with existing mono-layer
equipment
• Suitable for use on multi-layer machines
Sustainability Spotlight
Recycle
Solutions
TARGET MARKET & APPLICATIONS
PET and rPET rigid packaging for food & beverage
REGULATORY
ColorMatrix Amosorb 4020R meets direct food contact regulatory requirements in major markets.