https://www.avient.com/sites/default/files/2021-08/air-fryer-window-one-page-case-study.pdf
COOKWARE
MANUFACTURER
A I R F R Y E R W I N D O W
• Clear, FDA food-contact compliant material that can be run
through a dishwasher
• Able to withstand long-term steam and heat
• Allows injection molding of a complex shape with
aesthetics that convey cleanliness and quality
• Added concentrate to a natural PES
material allowing it to retain clarity and
aesthetics in an FDA-compliant solution
• Enabled material to withstand sterilization
and maintain continuous heat resistance
• Provided a more pleasing appearance that
could command a greater price point due to
perception of higher quality
Colorant Chromatics™ PESU Concentrate
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
AESTHETICS + HEAT RESISTANCE
LEARN MORE
Copyright © 2021, Avient Corporation.
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
Fostering imagination
• Enabling creative exploration
• Focus on customers’
sustainability
• Driving long-term revenue
growth
ColorWorks
Avient Corporation 21
• Rapid customer response
• Immediate color measurement and
quotation
• Fast track product development to “now”
• Specialized labs for fast sample delivery
• Optimized formulations leveraging cost
effective raw materials
C U S T O M E R - F O C U S E D
C O L O R F O R M U L A T I O N
Avient Corporation 22
InstaColr
CycleWorks
A D V A N C I N G T H E
C I R C U L A R E C O N O M Y
• Laboratory mimics real-world
circular recycling in a research
environment
• Conducts chemistry testing to
improve plastics recycling for
customers
• Screening and evaluation of additive
and colorant systems during
recycling
• Collaboration platform for customers
and value chain partners
Avient Corporation 23
Avient Corporation 24
Michael Garratt and Walter Ripple
Our Sustainability Promise
As the world’s premier provider of specialized
polymer materials, services and solutions,
Avient is committed to meeting the needs of
the present without compromising future
generations’ ability to meet their needs.
Purchase price multiple rapidly declining on strength of
business and synergy capture
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
11.9%
16.3%
126Avient Corporation
Bolt-On Acquisition History
Commercial
Resources(1)
Operating Income
Operating Margins
259
360
$40
$122
21%
Established Acquisitions
(> 7 years)
+ 39% + 205% + 1200 bps
(1) Commercial Resources include associate headcount in R&D / Technical, Marketing and Sales
127Avient Corporation
We are a specialty formulator
AND
We are a sustainable solutions company
Avient Corporation 128
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA
Avient reflects 2021 Adjusted EBITDA of $580M and estimated CAPEX of $80M (excludes one-time synergy capture CAPEX of $20M)
High Free Cash Flow Conversion
Avient Specialty
Other Specialty /
Chemical Companies
Avient Corporation 131
16% 15%+
16% 16% 16%
14% 14% 14%
34%
26%
22% 21%
16% 15%
Avient reflects 2021 Adjusted EBITDA of $580M and guided revenue of $4,750M.
https://www.avient.com/news/avient-launches-next-generation-low-adhesive-build-tpe-protective-film-tack-layer
With added heat resistance, it also keeps adhesion performance stable in hot storage environments.
https://www.avient.com/news/take-performance-extreme-comptek-peek-blends-polyone
Photo Copyright: ©Thinkstock
Photo Caption: PEEK-based blends from PolyOne help manufacturers meet exacting tolerances and heat resistance required by demanding applications.
https://www.avient.com/news/polyone-improves-driver-experience-new-onflex-lo-automotive-interiors
OnFlex LO is well suited for a broad range of automotive applications including heating/ventilation/air conditioning (HVAC) seals, buttons, controls, coin trays and drink holder mats.
https://www.avient.com/news/new-resound-nf-reinforced-solutions-polyone-reduce-weight-sustainably
Compared to other natural fiber reinforced solutions, reSound NF materials will offer mechanical property improvements of more than 20% for tensile and flexural properties, 10°C to 20°C higher heat deflection temperature, and an increase of more than 50% in impact strength.
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/high-performance-synthetic-fibers/kevlar-para-aramid
Good heat & flame resistance
https://www.avient.com/news/polyone’s-new-geon-bold-vinyl-solutions-keep-deep-colors-vivid-outdoor-environments
In response, PolyOne Corporation (NYSE: POL) has developed new Geon™ Bold vinyl materials with dark, rich colors that stand up to the elements, especially heat build up, without losing their vibrancy or performance.
https://www.avient.com/news/polyone-highlights-new-automotive-solutions-vdi-engineering-plastics-conference
By replacing aluminum with Therma-Tech™ thermally conductive polymer in the heat sink,manufacturers can significantly reduce total part weight and optimize production and logistics.
https://www.avient.com/news/appliance-vibration-reduced-80-percent-versaflex-vdt-polyone
When using Versaflex VDT, kinetic energy generated by the washing machine movement activates molecules in the material, which then converts the kinetic energy into heat energy, reducing vibration and ‘walking.’