https://www.avient.com/news/polyone-showcases-its-expertise-and-comprehensive-medical-polymers-and-colorants-portfolio-mdm-west-2018
– February 6, 2018 – At Medical Design and Manufacturing (MD&M) West this week, PolyOne is highlighting its extensive portfolio of polymers and colorants for the healthcare industry while also featuring the experts who stand behind the technology.
Expanded resin families are able to incorporate biocompatible colorants and additives including nylon, polypropylene, and polystyrene.
PolyOne is exhibiting at MD&M West in Anaheim, California, in booth 2101 from February 6-8, 2018.
https://www.avient.com/resource-center/services/polymer-services-knowledge-center
Idea
Polyketone, a Next-Generation Sustainable Nylon Alternative
Read
https://www.avient.com/products/thermoplastic-elastomers/versaflex-tf-adhesive-tpes-textile-fabrics
Strong and seamless adhesion to polyester and nylon fabrics
https://www.avient.com/sites/default/files/2021-06/fl.datasheet-ripcords.pdf
FIBER OPTICAL CABLES
Key Features
• Rip through any material,
including steel armor
• High strength to diameter ratio
• Lubricated for easy ripping
• Colors available for easy identification
• Long continuous lengths per spool
FIBER-LINE® FIBERS
FOR RIPCORDS
• Kevlar® Para-Aramid
• Vectran® Liquid Crystal Polymer (LCP)
• PET Polyester
• Nylon Polyamide
• Technora®
FIBER-LINE® PERFORMANCE
ADDING COATINGS
• FIBER-LINE® WearcoatTM:
Lubricity for fast and easy removal
• FIBER-LINE® BlockcoatTM:
Anti-wick/Non-wick water penetration &
snag resistance
• FIBER-LINE® RepelcoatTM:
Water Repellency
• FIBER-LINE® Swellcoat®:
Water Absorbing Protection
• FIBER-LINE® Swellcoat® Blocker:
Block Water Migration
• FIBER-LINE® ColorcoatTM:
Color identification for easy tracking
Overview
• FIBER-LINE® has over 25 years of experience in producing ripcords
for the optical fiber cable market.
https://www.avient.com/sites/default/files/2020-11/gls-indoor-grips-translation-application-bulletin.pdf
When overmolded, GLS TPEs bond permanently
and seamlessly to many different plastic
substrates, including polypropylene (PP),
polycarbonate (PC), acrylonitrile-butadiene-
styrene (ABS), PC/ABS, copolyester, polyamide
(nylon) and polystyrene (PS).
https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
&
Canada
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
40%
37%
18%
9% 4% 4%
Building &
Energy Telecom
Geography
Segment
Industry
4
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
1. 6% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
GUIDANCE
$800
$754
$128
$123
Sales Adjusted EBITDA
$0.56 $0.57
13
• Demand impacted by destocking
and cautious customer sentiment
• Positive net price benefit:
o CAI - Pricing flat and raw
material deflation
o SEM - Pricing flat with
unfavorable mix related to
healthcare, more than offset
with raw material deflation
• Cost reductions driven by Clariant
synergies and reduced
administrative costs
Q3 EBITDA BRIDGE
($ millions)
CAI:
Price / Mix -)
Deflation 22)
SEM:
Price / Mix (6)
Deflation 13)
Net Price Benefit 29)
Cost Reductions 13)
Wage Inflation (8)
FX 1)
Q3 2023 Actual $ 123)
Adjusted
EBITDA
Q3 2022 Pro Forma $ 137)
Demand (49)
14
2023 G U I DAN CE
Q4 2023 GUIDANCE VS.
PRIOR YEAR
$790
$710
2022 2023
$107
$112
2022 2023
Sales Adjusted EBITDA
$0.42
$0.47
2022 PF 2023
- 10% + 5% + 12%
Sales Adjusted EBITDA Adjusted EPS
16
$112
$500
$0.47
Q4 AND FULL YEAR 2023 GUIDANCE
$710
$3,130
Sales Adjusted EBITDA Adjusted EPS
17
(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
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%
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
46
2023 2032
Global Offshore Annual
Wind Installations
(in Gigawatts)
Sources: McKinsey, Bloomberg, Grand View Research
SUSTAINABILITY TRENDS DRIVE
LONG-TERM GROWTH
21
• 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%
2006 2018 2023E Recovery Growth
Drivers
Strategic
Objective
20%+
+1%+
+3%+
ADJUSTED EBITDA MARGIN EXPANSION
22
• 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
23
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,130 and estimated run-rate CAPEX of $110M.
26
3.5
1.8
2.7
3.1 3.3 3.7
3.0
3.7
4.7 4.8
6.8 6.8
8.7
11.1
Av
ie
nt
AV
PM FM
N C
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/products/polymer-additives/fiber-additives/cesa-fiber-additives
Fiber-specific flame retardant systems for PP, PES and PA (nylon) fibers that can be combined with color
Additive concentrates that impart fast and durable water repellency and IPA repellency grade 6 to PP nonwovens
Nylon Carpet for Carpet Producer
https://www.avient.com/sites/default/files/2021-04/gravi-tech-pipe-system-valve-case-study.pdf
Use of existing tooling = lower capital costs: API was
able to use the same mold originally designed for nylon
to run the Gravi-Tech materials, saving the substantial
costs of retooling.
https://www.avient.com/news/plastics-and-rubber-thailand-2024-include-avients-showcase-specialty-and-sustainable-materials
Versaflex™ TF Adhesive TPEs for Textile Fabrics: a cost-effective alternative compared to traditional thermoplastic polyurethane (TPU) adhesive films and traditional glues, offering a low VOC and non-intentionally added plasticizers, combining strong and seamless adhesion to polyester and nylon fabrics with outstanding elastic recovery for high wearing comfort
Bergamid™ FR Non-Halogen Flame Retardant Formulations: specially formulated for high-voltage connectors in a safety orange color, these materials combine the application flexibility of high-flow nylons for thin-wall designs with the performance of a non-halogenated fire retardant system, available in unfilled or reinforced PA6, PA66 and PA 6/66 grades with UL 94 V0 and CTI 800+ ratings
https://www.avient.com/products/long-fiber-technology
Complēt™ Moisture Resistant Nylons