https://www.avient.com/sites/default/files/2021-09/zodiac-aquarius-product-bulletin-and-color-card.pdf
Aquarius™
Fluorescent Yellow
Aquarius™
Red B
Concentrate
Blue R
Concentrate
Aquarius™
Fluorescent Red
Orange
Concentrate
Blue G
Concentrate
Aquarius™
Fluorescent Pink
Yellow R
Concentrate
Violet
Concentrate
Aquarius™
Fluorescent Violet
Yellow G
Concentrate
Black
Concentrate
Color Chips:
Printed results may vary
based on production
methods, such as ink
film thickness, opacity,
pigment selection
and substrate.
https://www.avient.com/sites/default/files/2022-08/AVNT Aug 2022 Presentation - Jefferies.pdf
AVIENT CORPORATION
I N V E S T O R P R E S E N T A T I O N
(NYSE: AVNT)
AU G U S T 2 0 2 2
DISCLAIMER
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
AVIENT: WHO WE ARE
38
21
9
34
• U.S. and Canada
• Latin America
• Europe, Middle East & Africa
• Asia
25,000+
CUSTOMERS
Headquartered in Avon Lake, OH
(Cleveland)
8,800+ employees
100+ manufacturing plants
Key Financial Data
2022E Sales $5.1 billion
2022E EBITDA $635 million
2022E EPS $3.50
>70%
ARE CUSTOMIZED SOLUTIONS
TO UNIQUE SPECIFICATIONS
of
sales
WHO WE ARE – VISION, STRATEGY, CULTURE
4
Avient Corporation (NYSE: AVNT) provides
specialized and sustainable material solutions that
transform customer challenges into opportunities,
bringing new products to life for a better world.
Annual Purchases
RAW MATERIAL AND SUPPLY CHAIN UPDATE
Based on 2021 purchases, excludes Distribution business
DYN E E MA ACQ U I S I T I O N
32
15x stronger than steel
Reduces weight by 30% vs. other solutions
Well-maintained global asset base poised to serve growing demand
• Purchase price of $1.48B represents 11.4x multiple of
2022 EBITDA
• Acquisition will expand Avient’s composites and fiber
portfolio with Dyneema®, the World’s Strongest Fiber™
• $415M sales and 30%+ EBITDA margins; Immediately
accretive to pro forma 2022 EPS, adding $0.35
• 1,300 patents globally, ~50% of sales patent protected
• 1,000+ employees across global production network and
dedicated technology centers
• Composites platform will increase from $261M to $680M in
revenue and from $49M to $180M in EBITDA Indicates Dyneema® location
$175M
(42%)
$65M
(16%)
$175M
(42%)
2022E Sales By Region ($M)
(1) $0.35 EPS excludes intangible amortization
(2) Based on 2022 expected results
(1) (2)
(2)
FIT WITH FOUR PILLAR STRATEGY
33
Specialization
• Innovation-led organization with
tremendous intellectual property value in
trademarks, patents and “know-how”
• Deep history of application development
and premium, leading brand with the
World’s Strongest FiberTM
Globalization
• Global customer base with an
established presence across all major
geographic regions
• Global technology centers complement
existing Composites applications and
expertise
Operational
Excellence
• Best-in-class safety performance
• Well-run and maintained asset base fit to
serve future growth
• Highly effective and reliable supply chain
with emphasis on optimizing service to
customers
Commercial
Excellence
• Deep customer relationships extend
across the value chain and drive ability
to grow
• Offer a full suite of services with an active
role in design, development and
commercialization
People
Experienced and
talented associates
with a passion for
safety, specialization
and winning
DYNEEMA® OVERVIEW
K E Y I N D U S T R I E S
PERSONAL PROTECTION
Military • Law Enforcement • First
Responders Body Armor • Helmets •
Vehicle Protection
$215M
MARINE & SUSTAINABLE
INFRASTRUCTURE
Towing / Mooring • Aquaculture •
Floating Wind • Offshore Cranes
$130M
CONSUMER
Consumer • Outdoor High Performance •
Safety Equipment
$70M
34 Figures reflect 2022 expected sales
MIFOverview Competition Valuechain &
Go-to-market Strategy Innovation Financials
TECHNOLOGY
35
1,200 1,300
2,500
Avient Dyneema Combined
Patents
• True specialty business – the World’s Strongest Fiber™
• Deep history of application development with customers,
strongest in the industry
• The only UHMwPE (ultra-high molecular weight polyethylene)
fiber producer that is backward integrated
o Provides innovation advantage through control of all steps of the process
• Complementary with our existing reinforced film expertise
(PolyStrand) and engineered fiber presences (Fiber-Line)
WINNING PROPERTIES
Ultra high strength vs. weight Highly flexible
Floats on water Chemically inert; no smell/taste and non-toxic
High resistance to UV radiation Self-lubricating, with low friction
One-of-a-kind technology
®
FORMULATION PROCESS
36
• Like Avient, Dyneema® offers similar
core competencies around formulation
and material science
• Technology that combines polymers and
fibers to provide specialized, high
performing solutions for customers
• Design capabilities ensure that
applications are highly customized for
the specified end use
DYNEEMA® IN THE VALUE CHAIN
37
UHMwPE
Fiber / Tapes
Military Personnel,
Law Enforcement
Heavy Marine,
Offshore Wind Energy
and Mooring,
Aquaculture
Outdoor,
Footwear, Apparel,
Inflatables
• Material Science
• Formulation
• Service
INTERMEDIATE MANUFACTURING
(CUSTOMERS) OEM / APPLICATION
DEMAND TRENDS
38
• Military spending and near-term demand for higher performing personal protection
products (like Dyneema®) expected to increase
o European NATO members annual defense spend expected to increase by up to 20%(1)
o Japan aiming to almost double defense spending over the next 5 years(2)
o Accelerated launch of next generation technology in North America
• Policy-driven demand for sustainable energy; growth in floating offshore wind
farms which require advanced, durable technology
o Offshore wind expected to grow at a CAGR of 32% with the level of annual installations
quadrupling over the next five years(3)
• Continued investment in aquaculture as a sustainable food source(4)
• Strong demand in outdoor high performance space across niche consumer
applications aligns with 10% growth assumption for Avient’s Composites portfolio
Sources:
(1) “Funding NATO”, NATO.int (April 1, 2022)
(2) “Japan Ruling Party Calls for Defense Spending Boost to 2% of GDP”, WSJ (April 21, 2022)
(3) “Global Wind Report 2021”, Global Wind Energy Council
(4) “Aquaculture Supports a Sustainable Earth”, NOAA Fisheries
39
A L I G N M E N T W I T H
S U S T A I N A B I L I T Y G O A L S
PRODUCTS
AVIENT’S EXISTING COMPOSITES PORTFOLIO
D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G
M A N U F A C T U R E R S A N D O E M S
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
40
AVIENT’S COMPOSITES PORTFOLIO
SALES AND EBITDA
41
$74 $84
$216 $212
$261
$5 $10
$32
$41
$49
$180
0
50
100
150
200
$-
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
$550
$600
$650
$700
$750
2017 2018 2019 2020 2021 2022E
$680
• Dyneema® acquisition will further
improve Composites EBITDA margins
to 26%
• Dyneema® will complement our
existing portfolio with deep formulation
expertise, innovative culture and
global commercial presence
• Composites will continue to be a key
growth driver to deliver future revenue
growth in excess of GDP
(1) Pro forma for the acquisition of Dyneema®
SEGMENT DATA
U.S. & Canada
50%
Latin America
2021 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
Building and
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $4,819M and $581M, respectively, include intercompany sales eliminations and corporate costs
$2,402M
$409M
$919M
$164M
$1,631M
$94M
Sales EBITDA
Distribution
Specialty Engineered Materials
Color Additives and Inks
$581M$4,819M
43
34%
Building &
1% Telecommunications
C O L O R , A D D I T I V E S & I N K S
2021 REVENUE | $2 .4 BILLION
32%
40%
Latin America
END MARKET REGION
44
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
27%
Building &
2021 REVENUE | $919 MILLION
END MARKET
55%
REGION
45
D I S T R I BU T I O N
26%
Building and
80%
3%
Latin
America
END MARKET REGION
K EY SU PPL IER S
2021 REVENUE | $1 .6 BILLION
46
TOTA L C O M PA N Y R E G I O N A L S A L E S
BY END MARKET
30%
26%Healthcare
14%
Building &
2% Energy
(16% of sales)
32%
Building &
(25% of sales)
47
19%
Building &
US &
Canada
(50% of sales)
38%
33%
Building &
LATAM
(9% of sales)
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/resources/safety-data-sheets?page=4100
Geon(TM) V1285-70 White Scrim Coat Plastiso
Geon(TM) V1526-70 White FR Scrim Coat Plast
BLUE 2
https://www.avient.com/sites/default/files/2021-07/mevopur-needle-hub-1-page-case-study.pdf
NEEDLE HUB
MANUFACTURER
N E E D L E H U B C O L O R S
• RAL and Pantone® colors available in palette to align with
ISO 6009 color standard
• Opaque and transparent polypropylene selections
available in both masterbatch and ready-to-use precolors
• Raw materials pre-tested to ISO 10993 and USP Class VI
medical device guidelines
• Certified formulations available globally
• Provided RAL and Pantone colors as
required
• Developed custom polypropylene
formulations to meet specific opacities
• Offered pre-tested raw materials and
produced in an ISO 13485 certified site,
minimizing risk across the value chain
• Provided global formulations transferrable
from our three ISO 13485 certified facilities
Mevopur™ Healthcare Colors
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-04/Heavy Duty Connectors Application Snapshot.pdf
ELECTRICAL PARTS
MANUFACTURER
H E A V Y D U T Y C O N N E C T O R S
A N D A C C E S S O R I E S
• Reduce material rematching and rejection through more
efficient pre-testing
• Improve processing efficiencies and color consistency in
highly FR-filled and high-temperature resins
• Achieve regulatory compliance across multiple resin
families
• Gain better supply chain control to manage scarcity of key
engineering resins and changing resin producers
• Offered eight UL 94-recognized sites in U.S.
and Canada that perform comprehensive
analytical, physical and mechanical testing
• Provided increased speed to market and
expedited design timelines for new products
using existing standardized and pre-
approved color palettes
• Ensured regulatory compliance and security
of supply
OnColor™ UL 94 Colorants
KEY REQUIREMENTS
WHY AVIENT
AVIENT SOLUTION
QUALITY + SPEED TO MARKET
LEARN MORE
© 2023, Avient Corporation, All Rights Reserved
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-ul94-colorants
https://www.avient.com/sites/default/files/2021-10/versaflex-top-cover-of-air-cushion-powder-case-study-one-pager.pdf
Cosmetic brands
COSMETIC BRANDS
C O V E R O F A I R C U S H I O N
P O W D E R C O M P A C T
• Low coefficient of friction (COF) to balance the opening
pressure and sealing performance
• General FDA compliance
• Good chemical resistance and barrier protection to water
and oxygen
• Overmold to PP with good compression set
• Delivered chemically resistant material with
excellent sealing properties and good
resilience to achieve requested
performance
• Provided onsite technical support to
improved injection speed and achieve good
bonding performance
• Offered a material solution that could be
leveraged across the customer’s global
cosmetic brands
Custom Versaflex™ TPE
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2025-05/Versaflex TPE-snorkel mouthpiece- case study snapshot.pdf
SPORTS BRAND
S N O R K E L M O U T H P I E C E
• Replace PVC with alternative materials such as TPE or
silicone
• Skin contact safety and UV resistance
• Soft texture with a non-sticky feel
• Translucent color to help children use it properly and
safely
• Customized a soft (Shore A) TPE solution that
passed strict tests, including thermal
deformation (80°C for 2 hours), UV resistance,
and assembly resistance
• Providing a 40% more cost-effective system
than silicone due to the high production
efficiencies of TPEs
• Provided cross-regional cooperation and prompt
response to help customers achieve fast
commercialization in both Europe and China
Versaflex Thermoplastic Elastomers
UV RESISTANT + TRANSLUCENT
Copyright © 2025, Avient Corporation.
https://www.avient.com/sites/default/files/2020-08/2020-hammerhead-application-install-guide.pdf
Stringers
Bulkheads,
Decking and
Transoms
Doors and
Cabinetry
Ceilings
and Hatches
MECHANICAL PERFORMANCE
Superior strength-to-weight ratio
PROPERTY TEST
METHOD
PANEL THICKNESS
.50" .75" 1.00" 1.50"
Core Density (lb/ft3) ISO 845 5.3 8.4 5.3 8.4 5.3 8.4 5.3 8.4
Flexural Rigidity (lb-in2) ASTM D7249 38,379 39,390 80,699 74,158 147,890 140,081 342,866 363,009
Panel Weight (lb/ft2) Calculated 0.93 1.07 1.03 1.25 1.14 1.42 1.35 1.77
Core Shear Yield (psi) ASTM C393 60 138 61 139 57 131 52 99
Max Load (lbs) ASTM C393 246 482 362 704 423 833 558 1,031
Core Shear ULT (psi) ASTM C393 81 159 81 153 70 138 62 113
Face Bend Stress (psi) ASTM C393 6,430 12,582 6,355 12,109 5,511 10,860 4,899 8,916
USES &
APPLICATIONS
SUPPORT SPAN DEFLECTION
Meets performance required for marine applications
Predictive deflection in various load cases.
MARINE PLYWOOD
Hammerhead™ panels are three times lighter than marine plywood
MOISTURE ABSORPTION % weight change due to water absorption for selected
composites and marine plywood
10000
60000
110000
160000
210000
260000
310000
360000
0.5 0.75 1 1.25 1.5
F
le
x
u
ra
l
R
it
y
-
lb
/
2
Panel Thickness - in
Hammerhead™ 5.3lb/in^3 Core Density Hammerhead™ 8.4lb/in^3 Core Density Plywood
— Hammerhead™ 5.3 lb/ft3 Core Density
— Hammerhead™ 8.4 lb/ft3 Core Density
— Marine Plywood
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
0 10 20 30 40 50 60 70 80 90 100
%
W
t
C
a
g
Immersion Time - Days
.50" Hammerhead™ .75" Hammerhead™ 1" Hammerhead™ 1.50" Hammerhead™
.50" marine plywood .75" marine plywood 1" marine plywood
Fl
ex
ur
al
R
ity
-
lb
-in
2
INSTALLATION INSTRUCTIONS
CUTTING & DRILLING
Recommended blade: Industrial fine cut-off saw blade, 10" x 80 teeth 38° ATB grind with 5/8" bore,
PTFE coating
Recommended router bits: 3/8" diameter, 4 flute TiAlN (titanium aluminum nitride) coated carbide bit
FORMING
Apply localized 400˚F heat at a length proportional to the panel thickness (see equation below)
and bend to shape.
Heat Length =
π
2 * Thickness
Radius = S
B
S
T = 400°F
B S
GL
AS
S/
EP
OX
Y
TA
B
M
AT
ER
IA
L
TAB TESTING OF VARIOUS INSTALLATION METHODS
BREAK
STRENGTH (LBS)
PETG Skins
with Plywood Core
1 in
1.5 in
2 in
2400
2820
2748
Hammerhead™
with 5.3 lb/ft3
2 in 665
Hammerhead™
with 8.4 lb/ft3
2 in 1084
Marine Plywood 2 in 770
Glass/Epoxy with
Plywood Core 2 in 1055
Glass/Polyester
with Balsa Core 2 in 919
L-Bracket Installation
BREAK
STRENGTH (LBS)
PETG Skins
with Plywood Core 2 in 2375
Marine Plywood 2 in 770
Glass/Polyester
with Balsa Core 2 in 797
U-Channel Installation
N
O
T
AB
BREAK STRENGTH
(LBS)
Hammerhead™
with 5.3 lb/ft3
2 in 420
Hammerhead™
with 8.4 lb/ft3
2 in 332
Marine Plywood 2 in 984
Glass/Polyester with
Balsa Core 2 in 1298
Hammerhead™
with 5.3 lb/ft3
Core Density -
ITW Plexus
NA 501
Hammerhead™
with 8.4 lb/ft3
Core Density -
ITW Plexus
NA 1156
Hammerhead™
with 8.4 lb/ft3
Core Density -
Crestomer
1152PA Adhesive
NA 1530
Hammerhead™
with 8.4 lb/in3
Core Density -
Crestomer
M1-30 Adhesive
NA 1471
Mixed Conditions
ITW Plexus MA420 adhesive was used in all tab
testing installations except where noted.
https://www.avient.com/resources/safety-data-sheets?page=5738
MC-71760PE WHITE 70%
MC-71819PP FDA WHITE 70%
STAN-TONE DB-15597 HI LITE BLUE
https://www.avient.com/resources/safety-data-sheets?page=5558
MC-54059PV TAN 70 W/UV
MC-73399PE WHITE 70%
STAN-TONE DB-15597 HI LITE BLUE