https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
National Defense
budget of $842 billion submitted to Congress
in Q1 2023
• European NATO members annual defense
spend expected to increase by up to 20%
Where Avient Wins:
Dyneema® is the world’s strongest fiber™
One of the highest strength to weight
ratios of any material on Earth
Direct relationships with industry leading
armor manufacturers
Resistant to most chemicals, UV, and
moisture to handle any environment
Avient Confidential 13
DEFENSE
Source: US Department of Defense, defense.gov, NATO13
Source:
TRANSPORTATION
• Increased EPA regulations requiring
improved fuel efficiency, enabled in part by
lower-weight vehicles
• Automakers preparing for 2/3 of U.S.
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
2023E(%)
32
79
87
83 81
76
73
90
79 77 76
73
69
60
22
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
A
V
Y
R
P
M
F
M
C
C
E
H
X
L
A
S
H
E
C
L
H
U
N
E
M
N
S
C
L
M U LT I P L E E X PA N S I O N
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of April 28, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $38.51.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
33
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
9.9
14.6
13.7
13.0
11.9
8.8
18.7
17.4
11.8
10.0 9.7
9.1
8.0 7.9
A
vi
e
n
t
(2
0
1
1
)
A
vi
e
n
t
(2
0
1
8
)
A
vi
e
n
t
(2
0
2
3
)
K
W
R
P
P
G
R
P
M
A
V
Y
F
U
L
E
C
L
H
X
L
F
M
C
A
S
H
S
C
L
C
E
E
M
N
H
U
N
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=6564
PE VOLCANO GRAY
W-M WHITE BOARD PS
BLACK HDPE PE 1.15%
https://www.avient.com/resources/safety-data-sheets?page=946
BLUE UV
WHITE w/UV M6291A
WHITE w/o UV M6291A
https://www.avient.com/resources/safety-data-sheets?page=5607
GEON 87180 GRAY (PRICING ONLY)
10008036 UV Clear for PE
10049475 NEW PINK W/UV 1103052
https://www.avient.com/resources/safety-data-sheets?page=6416
ALT AMBER PET W/ UV
NY COOL GRAY 11U
W872 UV COCOA BLACK 4
https://www.avient.com/resources/safety-data-sheets?page=5922
PVC GRAY MANDREL
NATURAL CAP STOCK UV V2-2
REDWOOD W/UV
https://www.avient.com/resources/safety-data-sheets?page=5836
TRITAN GRAY
MED GREEN W/UV MC-24821PE
UV LIME GREEN MC-23532PP
https://www.avient.com/resources/safety-data-sheets?page=6748
030WT2008 WHITE PVC W/UV
PP UV 2297C KIDS LIME
STAN-TONE HCC-107969 D GRAY
https://www.avient.com/resources/safety-data-sheets?page=6387
HM ORANGE PE UV P021C REV.1
COOL GRAY 11C 25% DARKER W/UV
https://www.avient.com/resources/safety-data-sheets?page=2176
FOREST GREEN W/UV 2
GRAY PC
UV China Green
