https://www.avient.com/idea/could-polyketone-be-next-generation-nylon-alternative
Humidity and moisture can have an effect on material performance in both the short- and long-term scenarios.
Moisture Conditioning Comparison
Long-Term Chemical Resistance Testing
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-english.pdf
Examples of such agreements
include the following:
• Price Fixing—An agreement with a competitor
to set or otherwise affect prices, bids, terms or
conditions of sale offered to customers.
Tying Products—Conditioning the sale of one
product or service upon the purchase of another
product or service
Unlawful discrimination can also occur
where there are differences in terms of payment,
delivery or other conditions of sale which place
some competing purchasers at a disadvantage.
https://www.avient.com/products/long-fiber-technology/long-fiber-solutions
Molding and processing conditions for long fiber technology
https://www.avient.com/idea/could-polyketone-be-next-generation-nylon-alternative?utm_source=linkedin&utm_medium=social&utm_campaign=LinkedIn-Organic-General
Humidity and moisture can have an effect on material performance in both the short- and long-term scenarios.
Moisture Conditioning Comparison
Long-Term Chemical Resistance Testing
https://www.avient.com/sites/default/files/2022-04/Avient Acquisition of Dyneema and Q1 2022 Results_0.pdf
They use words such as "will," “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” and other words and terms of
similar meaning in connection with any discussion of future operating or financial condition, performance and/or sales.
In particular, these include statements relating to future actions; prospective changes in raw material costs, product
pricing or product demand; future performance; estimated capital expenditures; results of current and anticipated market conditions and market strategies; sales efforts; expenses; the outcome of contingencies such as legal proceedings
and environmental liabilities; and financial results.
In addition, operating
income before the effect of special items is a component of Avient’s annual and long-term employee incentive plans and is used
in debt covenant computations.
https://www.avient.com/sites/default/files/resources/PolyOne%25202011%2520Annual%2520Report.pdf
Cost of Sales
Cost of sales as a percentage of sales increased from 83.6% in 2010 to
83.8% in 2011.
Cost of sales declined to 83.6% of sales in 2010 as compared to 84.3% in
2009.
It is difficult to predict these
factors due to the volatility of market
conditions
https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
They use words such as "will," “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe”
and other words and terms of similar meaning in connection with any discussion of future operating or financial
condition, performance and/or sales.
Rebates are estimated based on sales terms, historical experience along with annual sales projections.
The projection uses management’s best estimates of
economic and market conditions over the projected period including growth rates in sales, costs, and estimates of
future expected changes in operating margins and cash expenditures.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
That being said, versus the prior year, global demand conditions and inventory destocking
negatively impacted nearly every industry and region during the quarter,” Mr.
We do expect conditions to improve in the second half of the year driven by
performance in our key growth drivers, particularly sustainable solutions and composites.
They use words
such as “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words
and terms of similar meaning in connection with any discussion of future operating or financial
condition, performance and/or sales.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
Cost of Sales
Cost of sales as a percentage of sales decreased from 83.8% in 2011 to 81.1% in 2012.
2) Represents estimated contractual interest payments for all short-term and long-term debt.
As of
December 31, 2012, all market conditions were met.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Presentation - Website.pdf
They use words such as "will," “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“believe” and other words and terms of similar meaning in connection with any discussion of future operating or financial condition, performance and/or sales.
In particular, these include statements relating to future actions; prospective changes in raw
material costs, product pricing or product demand; future performance; estimated capital expenditures; results of current and anticipated market conditions and market strategies; sales efforts; expenses; the outcome of contingencies such as legal
proceedings and environmental liabilities; and financial results.
PRIOR YEAR
$790
$710
2022 2023
$107
$112
2022 2023
Sales Adjusted EBITDA
$0.42
$0.47
2022 PF 2023
Adjusted EPS
- 10% + 5% + 12%
Sales Adjusted EBITDA Adjusted EPS
12
$112
$500
$0.47
$2.30
Q4 AND FULL YEAR 2023 GUIDANCE
$710
$3,130
Sales Adjusted EBITDA Adjusted EPS
13
(in millions) (in millions)
Guidance: Free Cash Flow
$180 $180
Prior Guidance Guidance
FREE CASH FLOW & INCREASED DIVIDEND
13th Consecutive Dividend Increase
0.16
0.26
0.42
0.58
0.79
0.85
0.99
1.03
2011 2013 2015 2017 2019 2021 2023 2024
14
S U S TAI NABI L I T Y DAY
RE CAP
SUSTAINABILITY AS A GROWTH DRIVERLONG-TERM REVENUE GROWTH DRIVERS
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
Growth Drivers Long-Term
Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other (GDP growth) 0–2%
Avient 6%
17
SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH
8-12%
Long Term
Growth
50
90
2022 2030
Medical Plastics
Market Size
(in $Billions)
2020 2030
Recycled
Plastics
Virgin
Plastics
Growing Demand
for Recycled
Content
Avient Sustainable
Solutions
18
46
2023 2032
Global Offshore Annual
Wind Installations
(in Gigawatts)
Sources: McKinsey, Bloomberg, Grand View Research
SUSTAINABILITY TRENDS DRIVE
LONG-TERM GROWTH
18
• Transformative acquisitions
combined with divestitures of
more cyclical businesses have
improved margins over 400 bps
since 2018
• 20% long-term margin goal to
be driven by key growth drivers,
with sustainable solutions
playing a meaningful role
5.4%
11.5%
16.0%
2006 2018 2023E Recovery Growth
Drivers
Strategic
Objective
20%+
+1%+
+3%+
ADJUSTED EBITDA MARGIN EXPANSION
19
• 6% annualized long-term sales growth leveraging
sustainable solutions, composites, healthcare, and
emerging regions
• Expand EBITDA margins to 20%
• Deliver annual EBITDA and EPS growth of
10% and 15%
• Maintain asset-light, 80% free cash flow conversion
profile and be valued as a specialty formulator
• Continue fostering our Great Place to Work® culture
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
20
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.