https://www.avient.com/sites/default/files/2021-10/remafin-ep-white-masterbatches-for-pharma-application-bulletin_0.pdf
FDA/EU compliance information available upon request
REMAFIN™ EP White Colorants
for Pharmaceutical Packaging
REMAFIN™ EP is a range of PE and PP based
masterbatches designed for protecting oral,
topical, parenteral, ophthalmic and nasal
pharmaceuticals by opacifying primary and
secondarypharmaceutical packaging.
https://www.avient.com/sites/default/files/2023-10/Cesa Unify A4R Product Bulletin.pdf
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
KEY CHARACTERISTICS
• Designed for polyolefin recycling and to
enhance circularity
• Helps bring incompatible polymers together
by forming them into a homogenous polymer
mixture
• Improves the mechanical performance of mixed
PP/PE streams
• Increases impact strength by up to 50%
• Increases ductility by up to 100% for improved
performance
• Maintains mechanical strength properties close
to polymer starting point
• The end result is that the characteristics of rPP
remain with higher impact properties
• Good cost-performance ratio
• Can be combined with color into a single
masterbatch product for convenience
• Product guidance and technical assistance
is available from our experts
MARKETS & APPLICATIONS
• Recycled polyolefins
• Packaging, consumer & others
• High-value polyolefin applications with recycled
material content
• Virgin polymers which will be recycled after the
use phase
Currently unavailable in North America—please contact your
Avient representative for further information.
https://www.avient.com/sites/default/files/2020-09/sem-tpes-for-anti-vibration-feet-application-bulletin.pdf
VERSAFLEX™ VDT
4202-40B
DYNAFLEX™
G7940
Defining Characteristic Vibration damping Vibration isolation
What it Does
Dampens vibrations,and
specifically minimizes
appliance walking
Isolates vibrations, which
reduces overall movement
of the appliance
Tactile Feel Grippy feel Soft touch, rubbery feel
Coloring Black Natural
Hardness 40 Shore A 40 Shore A
Overmolding Substrate Polypropylene Polypropylene
HOME APPLIANCE SOLUTIONS
REDUCE MOVEMENT OF TOP LOAD
WASHING MACHINES WITH TPES
FOR ANTI-VIBRATION FEET
EXAMPLES OF APPLICATION-SPECIFIC MATERIALS AND DESIGN SUPPORT
DynaflexVersaflex VDT
Polypropylene
HOW OUR TPES MAKE THE DIFFERENCE IN TOP LOADING WASHING MACHINE
ANTI-VIBRATION FEET
Lower the number of service calls – Our TPEs for
anti-vibration feet reduce appliance movement and
walking during use, thus lowering the number of
service calls and reducing costs.
https://www.avient.com/sites/default/files/2020-10/tpes-for-home-appliances-product-bulletin.pdf
VERSAFLEX™ VDT
4202-40B
DYNAFLEX™
G7940-1
Application Anti-Vibration Feet Anti-Vibration Feet
Defining Characteristic Vibration Damping Good Processability
Compression Set Low Compression Set Low Compression Set
Tactile Feel Grippy Feel Soft Touch, Rubbery Feel
Coloring Black Natural
Hardness 40 Shore A 40 Shore A
Processing Injection Molding Injection Molding
Overmolding Substrate Polypropylene Polypropylene
HOW GLS TPEs MAKE THE DIFFERENCE IN HOME APPLIANCE
ANTI-VIBRATION FEET
• Reduced appliance movement and noise –
vibration damping technology reduces
movement and noise of the appliance
when in use
• Resistance to wear and tear – TPEs are proven
to maintain their shape and resist tears with
low compression set
• Better performance and function – increase
design freedom with material selection
flexibility
• Improved processability – boost efficiency
with injection molding processing and reduce
overall production cycle time
and costs
• Reduced number of part defects – eliminate
secondary operations to achieve consistent
and controlled results
To learn more about GLS TPEs home
appliances, visit www.avient.com or call
+1.844.4AVIENT (1.844.428.4368).
https://www.avient.com/sites/default/files/2020-11/gls-tpes-soft-touch-selection-guide.pdf
Most
packaging doesn’t take advantage of the sense
of touch to make that connection, so adding
color and texture with soft touch materials
can help your package stand out from the
competition on store shelves.
https://www.avient.com/sites/default/files/2022-12/Mevopur Laser Marking Additives Application Bulletin.pdf
KEY CHARACTERISTICS
• Designed for Nd:YAG lasers operating between
1060-1070 nm
• Available for different polymers including
PP, PE, PC, PBT, POM, ABS, MABS
• Manufactured at four ISO 13485 certified sites,
providing global consistency and increased
security of supply
• Documented change control beyond CAS
number, reducing risk of change
• Can be designed for dark marking on natural
or white/light colored background or light
marking on black/dark background
REGULATORY SUPPORT
• Raw materials tested to:
- ISO 10993-1 and USP biological
evaluation
- European Pharmacopeia 3.1.3/3.1.5
(polyolefin)
- USP (polyethylene)
- ICH Q3D elemental impurities
• Registered Drug Master File (Type III) and/or
Device Master File
• Food contact established with FDA/EU*
APPLICATION BULLETIN
* FDA/EU compliance information available upon request.
https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Presentation%5B70%5D.pdf
Q 1 2 0 2 3
-8%
+6%
-1%
Flat
10
Total Avient -2.6%
2023 G U IDA N CE
$128
$525
$0.56
$2.40
2023 GUIDANCE
12
$800
$3,280
Sales Adjusted EBITDA Adjusted EPS
(in millions) (in millions)
13
• Focused on working capital
management, restructuring
actions to streamline
operations
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Preserve Free Cash Flow to
maintain net leverage
CASH FLOW / LEVERAGE
($ 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
14
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.
24
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
10.3
14.4
13.6 13.6
12.4
9.0
20.2
18.2
11.5
10.6
9.7 9.6
8.7 8.3
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
20%
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
2022 REVENUE | $2 .4 B ILL ION
34%
38%
20%
END MARKET REGION
27
34%
21%
Building &
1% Energy
2%
COLOR, ADDITIVES & INKS
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
52%
35%
28
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
24%
12%
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
29
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/2024-08/Avient-2023-Sustainability-Report_5.pdf
Our
offerings include specialty engineered materials, performance fibers, advanced composites,
and color and additive systems.
Starting with raw materials, we source the best polymers, additives,
modifiers, fillers, reinforcers, colorants and pigments.
Color, Additives and Inks (CAI) Specialty Engineered Materials (SEM)
1.
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
Our
offerings include specialty engineered materials, performance fibers, advanced composites,
and color and additive systems.
Starting with raw materials, we source the best polymers, additives,
modifiers, fillers, reinforcers, colorants and pigments.
Color, Additives and Inks (CAI) Specialty Engineered Materials (SEM)
1.
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Press Release.pdf
Three Months Ended
December 31,
Year Ended
December 31,
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
Gross margin:
Color, Additives and Inks $ 148.3 $ 134.5 $ 631.2 $ 681.3
Specialty Engineered Materials 78.1 82.4 341.8 283.7
Corporate (17.5) (44.9) (80.5) (82.3)
Gross margin $ 208.9 $ 172.0 $ 892.5 $ 882.7
Selling and administrative expense:
Color, Additives and Inks $ 86.5 $ 90.2 $ 371.3 $ 380.3
Specialty Engineered Materials 48.7 47.2 199.3 143.6
Corporate 30.6 34.2 125.1 115.5
Selling and administrative expense $ 165.8 $ 171.6 $ 695.7 $ 639.4
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
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.