https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
Microsoft PowerPoint - AVNT Q2 2021 Earnings Presentation - Website
AVIENT CORPORATION
S E C O N D Q U A R T E R 2 0 2 1 R E S U L T S
(NYSE: AVNT)
J U L Y 3 0 , 2 0 2 1
D I S C L A I M E R
2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Clariant MB acquired July 1, 2020
COLORWORKS
I N S P I R AT I O N .
With the Clariant Masterbatch
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
25
Avient reflects 2021 estimated EBITDA of $580M
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
9.5
18.5
15.1 15.1
14.0
11.0 10.4
29.5
28.2
23.9
18.7
12.4 12.2
11.1
9.3 9.2 9.2
7.6 7.6
6.0
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L
IF
F
F
M
C
B
N
R
A
S
H
S
C
L
E
M
N
U
N
V
R
K
R
A
C
E
H
U
N
Median: 11.1xMedian: 14.6x
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/resources/safety-data-sheets?page=4526
SILCOPAS ORANGE 84333
SILCOPAS ORANGE 85624
SILCOPAS ORANGE 86364
https://www.avient.com/sites/default/files/2021-08/edgetek-base-station-antenna-case-study.pdf
MAJOR TELECOM
COMPANY
B A S E S T A T I O N P H A S E
S H I F T E R
• Required customized Dk / Df values tailored to a unique
antenna design
• Quick qualification of designs and short lead times were
critical to support the rapid rollout of new 5G networks
• Met required Dk / Df properties using two
customized solutions offering Dk 3.6, Df
0.0006 and Dk 3.1, Df 0.0007
• Accelerated speed to market due to
thermoplastics’ design flexibility
Custom Edgetek™ Formulations
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
Avient corporation first quarter 2023 results
AVIENT CORPORATION
I N V E S T O R P R E S E N T A T I O N
(NYSE: AVNT)
J A N U A R Y 2 0 2 4
D I S C L A I M E R
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
W H AT W E D O : W E A R E A F O R M U L ATO R
CUSTOM
FORMULATION
6
N O V E M B E R 2 , 2 0 2 3
W E B C A S T
P R E S E N T AT I O N
Complementary technologies and
customer relationships offer opportunity to
advance commercial strategy
Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight
and high performance applications
AVIENT PROTECTIVE MATERIALS
FIRST YEAR
8
Composites comprises over half of
Specialty Engineered Materials,
compared to 9% in 2016
Proven history of success in areas
such as outdoor high performance,
defense and sustainable solutions
Composites
44%
56%
2023E
Sales
Collaboration & InnovationComposites as a % of SEM People & Culture
Talented, passionate, and
creative associates drive
continued integration success
and allow two cultures to come
together as one Avient
Lightweight Protective Laminates:
PROJECTILE PROTECTION
Dyneema® Fiber Solutions
Cushioning + Fit + Comfort:
LONG-TERM WEAR
reSound™ Versaflex™ Thermoplastic Elastomers
Strength + Durability + Light-Weighting:
SOLID MOUNTING BRACKETS
Nymax™ Bergamid™ Complēt™ Engineered Materials
Durability + Lubricity:
HELMET LATCHES
Lubri-One™ Internally Lubricated Polymers
Color Consistency and Weatherability
CUSTOMIZED SPECIFICATIONS
Avient Color and Additive Solutions
Antennae Performance
FAST, RELIABLE CONNECTIONS
PREPERM™ Low-Loss Dielectric Thermoplastics
AVIENT PROTECTIVE MATERIALS
C R O S S S E L L I N G O P P O R T U N I T I E S
Wired Connections
CONSTANT COMMUNICATION
Syncure™ Cross-linkable Wire & Cable Formulations9
10
AVIENT PROTECTIVE MATERIALS
C R O S S S E L L I N G O P P O R T U N I T I E S
10
Q 3 P E R F O R M A N C E
15.4%
16.3%
2022 PF 2023
Results vs.
Avient reflects 2023 adjusted EBITDA guidance of $500M and estimated run-rate CAPEX of $110M.
2023E (%)
27
78
89
83 80 78
74
86
79 76
67 66
55
50
(39)
A
vi
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t
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W
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FU
L
P
P
G
A
V
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P
M
FM
C
C
E
E
C
L
A
S
H
H
X
L
H
U
N
E
M
N
S
C
L
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
MULTIPLE EXPANSION
Source: Peer data per Bloomberg as of December 29, 2023
Note: Avient reflects 2023 adjusted EBITDA guidance of $500M and closing share price of $41.57.
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
Microsoft PowerPoint - AVNT Q4 2021 Earnings Presentation (v17) - W PEERS x ESI
AVIENT CORPORATION
F O U R T H Q U A R T E R 2 0 2 1 R E S U L T S
A N D 2 0 2 2 F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
F E B R U A R Y 8 , 2 0 2 2
D I S C L A I M E R
2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
D
is
t.
)
K
W
R
P
P
G
F
U
L
R
P
M
A
V
Y
F
M
C
H
U
N
H
X
L
S
C
L
E
C
L
E
M
N
C
E
A
S
H
Source: Peer data per Bloomberg market data as of February 15, 2022.
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
5.4
8.5
10.1 10.0
15.7
15.0
14.2
12.7
10.2
25.0
19.7
17.7
13.2
12.3
10.0 9.9
8.9 8.5 8.3
6.6
A
vi
e
n
t
(2
0
1
1
)
A
vi
e
n
t
(2
0
1
6
)
A
vi
e
n
t
(2
0
2
1
)
A
vi
e
n
t
(T
o
d
a
y)
R
P
M
K
W
R
P
P
G
A
V
Y
F
U
L
A
L
B
E
C
L
H
X
L
A
S
H
F
M
C
B
N
R
E
M
N
U
N
V
R
C
E
S
C
L
H
U
N
Historic Multiple
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Presentation - Website.pdf
AVIENT CORPORATION
T H I R D Q U A R T E R 2 0 2 3 R E S U L T S
(NYSE: AVNT)
N O V E M B E R 2 , 2 0 2 3
D I S C L A I M E R
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.
2
O P E N I N G R E M A R K S
B O B P A T T E R S O N
C H A I R M A N , P R E S I D E N T A N D C E O
Complementary technologies and
customer relationships offer opportunity to
advance commercial strategy
Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight
and high performance applications
AVIENT PROTECTIVE MATERIALS
FIRST YEAR
4
Composites comprises over half of
Specialty Engineered Materials,
compared to 9% in 2016
Proven history of success in areas
such as outdoor high performance,
defense and sustainable solutions
Composites
44%
56%
2023E
Sales
Collaboration & InnovationComposites as a % of SEM People & Culture
Talented, passionate, and
creative associates drive
continued integration success
and allow two cultures to come
together as one Avient
Lightweight Protective Laminates:
PROJECTILE PROTECTION
Dyneema® Fiber Solutions
Cushioning + Fit + Comfort:
LONG-TERM WEAR
reSound™ Versaflex™ Thermoplastic Elastomers
Strength + Durability + Light-Weighting:
SOLID MOUNTING BRACKETS
Nymax™ Bergamid™ Complēt™ Engineered Materials
Durability + Lubricity:
HELMET LATCHES
Lubri-One™ Internally Lubricated Polymers
Color Consistency and Weatherability
CUSTOMIZED SPECIFICATIONS
Avient Color and Additive Solutions
Antennae Performance
FAST, RELIABLE CONNECTIONS
PREPERM™ Low-Loss Dielectric Thermoplastics
AVIENT PROTECTIVE MATERIALS
C R O S S S E L L I N G O P P O R T U N I T I E S
Wired Connections
CONSTANT COMMUNICATION
Syncure™ Cross-linkable Wire & Cable Formulations5
6
AVIENT PROTECTIVE MATERIALS
C R O S S S E L L I N G O P P O R T U N I T I E S
6
Q 3 P E R F O R M A N C E
15.4%
16.3%
2022 PF 2023
Results vs.
PRIOR YEAR
$790
$710
2022 2023
$107
$112
2022 2023
Sales Adjusted EBITDA
(in millions)
$0.42
$0.47
2022 PF 2023
Adjusted EPS
(in millions)
- 10% + 5% + 12%
Sales Adjusted EBITDA Adjusted EPS
12
$112
$500
Q4 FY
$0.47
$2.30
Q4 FY
Q4 AND FULL YEAR 2023 GUIDANCE
$710
$3,130
Q4 FY
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 T A I N A B I L I T Y D AY
R E C A P
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
CRE AT ING A WORL D-CL AS S
S US TAINABL E ORGANIZ AT ION
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.
https://www.avient.com/sites/default/files/2021-09/avnt-seaport-conference-presentation.pdf
Microsoft PowerPoint - AVNT Seaport Conference Presentation
AVIENT CORPORATION
S E A P O R T C O N F E R E N C E
(NYSE: AVNT)
A U G U S T 2 4 , 2 0 2 1
D I S C L A I M E R
2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Clariant MB acquired July 1, 2020
COLORWORKS
I N S P I R AT I O N .
With the Clariant Masterbatch
acquisition and divestment of the
PP&S business, our exposure is now
concentrated in less-cyclical and
high-growth markets, with increased
geographic diversification and a more
specialized portfolio that can
significantly expand EBITDA margins.
31
Avient reflects 2021 estimated EBITDA of $580M
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
9.5
18.5
15.1 15.1
14.0
11.0 10.4
29.5
28.2
23.9
18.7
12.4 12.2
11.1
9.3 9.2 9.2
7.6 7.6
6.0
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L
IF
F
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C
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R
A
S
H
S
C
L
E
M
N
U
N
V
R
K
R
A
C
E
H
U
N
Median: 11.1xMedian: 14.6x
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/2021-11/trade-register-lu1a-16112021.pdf
Forme juridique
Société à responsabilité limitée
Siège social
Numéro
19
Rue
Route de Bastogne
Code postal
9638
Localité
Pommerloch
Pays
Luxembourg
Parts détenues
Nombre
131 000
Administrateur(s) / Gérant(s)
Régime de signature statutaire
Sous réserve de la Loi Luxembourgeoise et des présents Statuts, la Société est valablement engagée ou représentée à
l'égard des tiers par : 10.1 si la Société a un Gérant Unique, la seule signature du Gérant Unique; 10.2 si la Société a plus
d'un (1) Gérant, la signature unique de tout Gérant, à condition cependant que si des catégories différentes de Gérants (à
savoir Gérant de catégorie A et Gérant de catégorie B) sont nommés, également la signature unique de tout Gérant (y
compris par le biais de la représentation); 10.3 la signature unique de toute personne à qui un tel pouvoir aura été délégué
conformément à l'Article 11.
Kronimus Holger Hans
Kronimus Holger Hans
Nom
Kronimus
Prénom(s)
Holger Hans
Adresse privée ou professionnelle
Numéro
2
Rue
Adolf Dambach-Strasse
Code postal
76571
Localité
Gaggenau
Pays
Allemagne
Type de mandat
Organe
conseil de gérance
Fonction
gérant
Durée du mandat
Date de nomination
04/07/2018
Durée du mandat
Indéterminée
Merklein Norbert
Merklein Norbert
Nom
Merklein
Prénom(s)
Norbert
Page 3 / 5
B226205
Adresse privée ou professionnelle
Numéro
61
Rue
Rothausstrasse
Code postal
4132
Localité
Muttenz
Pays
Suisse
Type de mandat
Organe
conseil de gérance
Fonction
gérant
Durée du mandat
Date de nomination
18/01/2021
Durée du mandat
Indéterminée
Palm Christoph
Palm Christoph
Nom
Palm
Prénom(s)
Christoph
Adresse privée ou professionnelle
Numéro
19
Rue
route de Bastogne
Code postal
9638
Localité
Pommerloch
Pays
Luxembourg
Type de mandat
Organe
conseil de gérance
Fonction
gérant
Durée du mandat
Date de nomination
04/07/2018
Durée du mandat
Indéterminée
Potoczny Zaneta Gabriela
Potoczny Zaneta Gabriela
Nom
Potoczny
Prénom(s)
Zaneta Gabriela
Adresse privée ou professionnelle
Numéro
19
Rue
route de Bastogne
Code postal
9638
Localité
Pommerloch
Pays
Luxembourg
Type de mandat
Organe
conseil de gérance
Fonction
gérant
Durée du mandat
Date de nomination
27/02/2019
Durée du mandat
Indéterminée
Délégué(s) à la gestion journalière
Régime de signature statutaire
Sous réserve de la Loi Luxembourgeoise et des présents Statuts, la Société est valablement engagée ou représentée à
l'égard des tiers par : 10.1 si la Société a un Gérant Unique, la seule signature du Gérant Unique; 10.2 si la Société a plus
d'un (1) Gérant, la signature unique de tout Gérant, à condition cependant que si des catégories différentes de Gérants (à
savoir Gérant de catégorie A et Gérant de catégorie B) sont nommés, également la signature unique de tout Gérant (y
compris par le biais de la représentation); 10.3 la signature unique de toute personne à qui un tel pouvoir aura été délégué
conformément à l'Article 11.
Durée du mandat
Date de nomination
05/07/2018
Durée du mandat
Indéterminée
Personne(s) chargée(s) du contrôle des comptes
ERNST & YOUNG
[2] ERNST & YOUNG
N° d'immatriculation au RCS
B47771
Dénomination ou raison sociale
ERNST & YOUNG
Forme juridique
Société anonyme
Siège social
Numéro
35E
Rue
Avenue John F.
https://www.avient.com/sites/default/files/2022-05/Pipe Mfg Liquid Color App Snapshot final NEW.pdf
Pipe Mfg Liquid Color App Snapshot final (1)
P I P E M A N U FAC T U R E R
P R E S S U R E / N O N - P R E S S U R E P I P E S
• Provide a safe and compliant manufacturing environment
for all team members
• Improve weatherability and outdoor exposure longevity in
field and yard environments
• Increase color consistency and enhance pipe appearance
• Reduce scrap rates and eliminate order rejections
• Meet required compliance and regulatory approvals
• Incur no capital expense for dosing & handling equipment
• Provided a customer-centric approach focused on
gaining operational efficiencies to support an
improved manufacturing environment
• Offered formulation expertise and problem-solving
experience to upgrade pipe performance
• Attained finely dispersed TiO2 and color distribution
throughout the pipe, meeting quality requirements
while reducing scrap rates
• Delivered solutions with extensive NSF, UL and pipe
industry approvals
• Supplied dosing equipment to eliminate capital
costs, backed with on-call technical support
ColorMatrix™ Liquid Colorant + Dosing Equipment
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2024-10/Final 2_Avient Semicondcutor Packaging Case Study Snapshot 2024.pdf
S E M I C O N D U C TO R
PAC K A G IN G O E M
S P E C I A L T Y , S T A T I C
D I S S I P A T I V E P A C K A G I N G
• Provide protection against electrostatic discharge (ESD) and environmental
variations
• Ensure highly specialized, clean manufacturing conditions
• Deliver stringent quality control of ionic and metal contamination
• Maintain availability of raw materials across a global supply chain
• Ability to translate production globally
• Protected critical electronics from ESD while providing
an environmental barrier
• Adhered to strict quality and cleanliness controls from
raw material handling through production to help
maintain high-purity standards, such as ultra-clean
feeders, deionized water, and specific HVAC systems,
supporting quality initiatives, including PCS reviews,
eCoA, and HA assessments
• Exceeded customer expectations for controlling ionic
and metal contamination down to parts per billion (PPB)
• Offered global capabilities with local support and material
supply to meet growing semiconductor industry needs
Stat-Tech Static Dissipative Formulations
KEY REQUIREMENTS
WHY AVIENT?