https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Pro Forma Financial Information
The Company acquired Avient Protective Materials (“Dyneema”) on September 1, 2022 (the “Acquisition Date”) and sold the Distribution segment on November 1, 2022.
Purchase price multiple rapidly declining on strength of
business and synergy capture
7
$133
$201
2019PF 2022E
7
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
11.9%
16.3%
2019PF 2022E
EBITDA Margins
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORIC SPECIALIZATION THROUGH M&A
8
Distribution
DSM Protective
Materials
BOLT-ON ACQUISITION HISTORY
9
Commercial
Resources
Operating Income
Operating Margins
259
363
$40
$139
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
SPECIALTY TRANSFORMATION
T O D A Y
46%
67%
86%
100%
0%
60%
80%
100%
2005 2010 2019 2021 2022 PF
%
o
f A
d
ju
st
ed
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
10
Building &
43%
14%
Telecom.
2%
2006 2022 Pro Forma
21%
Building &
Telecom.
END MARKET FOCUS ON LESS CYCLICAL
INDUSTRIES
11
14.8%
17.6%
21.0%
2018 2020 2022 PF
1.8%
2006
15.3%
16.2%
17.0%
2018PF 2020PF 2022E
CAI
2.7%
2006
SEM
SPECIALTY EBITDA MARGIN EXPANSION
12
• Portfolio transformation
accelerates growth in less
cyclical, higher margin end
markets
• Investments in our
composites platform
continue to drive margin
expansion
(1) (1)
(1) 2018 and 2020 financial information is pro forma to include a full year of Clariant Color acquisition
PORTFOLIO EVOLUTION OVER THE YEARS
13
Adj.
https://www.avient.com/industries/packaging/beverage-packaging
Keep your energy and sports drinks high performing with packaging having UV protection and our TPE cap liners for hot fill applications.
Deliver the great taste and nutrients that your consumers demand by using packaging with UV protection and TPE cap liners for hot fill applications.
Keep your energy and sports drinks high performing with packaging having UV protection and our TPE cap liners for hot fill applications.
https://www.avient.com/resources/safety-data-sheets?page=6420
TRL BLUE ROSE TPE
ET6000-0006 HI UV MILITARY TAN MATTE 1
TPE NEON PINK
https://www.avient.com/resources/safety-data-sheets?page=4426
HMF LIME GREEN UV PE 1
TPE- LATTE
TPE- VANILLA
https://www.avient.com/resources/safety-data-sheets?page=4210
X GV 179969#SR12499-1 Silver
TPE 300C BLUE 2
TPE VIOLET C 2
https://www.avient.com/resources/safety-data-sheets?page=3853
BLUE 2 TPE
BROWN TPE 2
STAN-TONE DB-34784 CT014 LT BLUE 1
https://www.avient.com/resources/safety-data-sheets?page=5239
TPE Q722-2-4 LT GREY
TPE 535C MID BLUE
TRITAN T245-1-2 MID BLUE
https://www.avient.com/resources/safety-data-sheets?page=3451
TPE RED 206C
TPE GREEN 347C
X ET 729-003-1
https://www.avient.com/industries/healthcare/catheter-materials-medical-tubing/biopharmaceutical-tubing-clamps
Versaflex™ HC & Versaflex™ HC BIO TPEs - BT Series
A Beginner's Guide to TPE
Comprehensive guide to all things TPE
https://www.avient.com/news/showcasing-commitment-sustainability-avient-set-impress-france-innovation-plasturgie
reSound™ REC Recycled Content TPEs: The new AF 7210 series of reSound REC TPEs contain 51 – 59% recycled content, including a minimum of 37% from post-consumer recycled (PCR) sources, including closed-loop feedstock from within the automotive industry.
These new grades provide comparable performance to virgin TPEs and can reduce product carbon footprint by 8-18%* when compared to virgin equivalents.
Additional show highlights from Avient include other materials from its sustainability portfolio, including bio-based and recycled TPEs, polyolefins, nylons, and density-modified formulations.