https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
NYSE: AVNT)
AVIENT CORPORATION
I N V E S T O R M E E T I N G S
M AY 2 0 2 2
DISCLAIMER
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.
Financials are pro forma for the acquisition of Dyneema® and potential divestiture of Distribution
Avient Specialty
Other Specialty /
Chemical Companies
45
Source: Peer data per Bloomberg market data as of April 21, 2022
Total Enterprise Value / NTM EBITDA
With the Dyneema and Clariant
Color business acquisition and
divestment of the PP&S business,
along with the proposed sale of
our Distribution business, our
exposure is now concentrated in
less-cyclical and high-growth
markets.
OUR VALUATION VERSUS PEERS
Avient Specialty
Other
5.4
8.5
10.1 9.8
13.8
12.8 12.1 11.8
10.2
21.0
19.2
16.8
13.7 13.6
8.8 8.7 8.7 8.3 8.0
5.6
01
1)
01
6)
02
1)
(T
od
ay
)
PM PP
AV
VR C
Historic Multiple
APPENDIX
Performance
Additives
15%
Pigments
TiO2
Dyestuffs
3%Polyethylene
Nylon
6%
Polypropylene
Other Raw
Materials
30%
Styrenic Block
Copolymer
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
48
• Significant raw material price inflation and
tight inventory continued in Q1 2022
o The average cost of hydrocarbon based
materials was up 30%
o The average cost of non-hydrocarbon based
materials was up 20%
• Additionally, we continued to experience
other supply chain challenges during Q1
related to raw material spot purchases,
freight constraints and productivity loss as
a result of these shortages
Annual Purchases
RAW MATERIAL AND SUPPLY CHAIN UPDATE
Based on 2021 purchases, excludes Distribution business
SEGMENT DATA
U.S. & Canada
50%
Latin America
2021 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
23%
19%
Building and
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $4,819M and $581M, respectively, include intercompany sales eliminations and corporate costs
$2,402M
$409M
$919M
$164M
$1,631M
$94M
Sales EBITDA
Distribution
Specialty Engineered Materials
Color Additives and Inks
$581M$4,819M
15%
34%
Building &
1% Telecommunications
C O L O R , A D D I T I V E S & I N K S
2021 REVENUE | $2 .4 BILLION
32%
40%
Latin America
END MARKET REGION
51
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
27%
Building &
2021 REVENUE | $919 MILLION
END MARKET
55%
REGION
52
DI S T RI BU T I O N
26%
23%
Building and
80%
3%
Latin
America
END MARKET REGION
K EY SU PPL IER S
2021 REVENUE | $1 .6 BILLION
53
TOTA L C O M PA N Y R E G I O N A L S A L E S
BY END MARKET
30%
26%Healthcare
14%
Building &
2% Energy
(16% of sales)
32%
Building &
(25% of sales)
54
19%
Building &
US &
Canada
(50% of sales)
38%
33%
Building &
LATAM
(9% of sales)
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/2020-07/avient-abac-czech-200717.pdf
Tyto typy
korupčních obchodních aktivit se vztahují
na kohokoli, s kým spolupracujeme nebo
chceme spolupracovat.
Naše pověst
integrity je důležitější než potenciální zisky, které lze získat
nepatřičným jednáním s jinými osobami a organizacemi.
Obraťte se na svého právního partnera, aby
vyžádal náležitou hloubkovou kontrolu a zajistil, že jste
obdrželi písemný souhlas před zahájením spolupráce
s jakýmkoli zástupcem nebo třetí stranou.
https://www.avient.com/resources/safety-data-sheets?page=1661
SIMONIZE ORANGE
Orange Pin
ORANGE 144C
https://www.avient.com/resources/safety-data-sheets?page=4484
SILCOGUM ORANGE 054A
SILCOGUM ORANGE 058
SILCOGUM ORANGE 17632
https://www.avient.com/sites/default/files/2022-11/Seat Buckle System Application Snapshot.pdf
TIER 1 SUPPLIER
S E A T B U C K L E S Y S T E M
• Rapid development of 3 colors for global OEM platform, for
3 materials (POM, SAN, PP)
• Help Tier 1 transition from printing to laser marking of
buckles
• Develop formulation that offers laser marking solution plus
color
• Quick reaction to develop three colors for
this global vehicle launch
• Smartbatch™ color + laser marking
formulation met requirements for critical
safety components
Smartbatch™ Combination Colorants &
Additives
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-10/case-study-one-pager-trilliant-xr-xray-glasses.pdf
MEDICAL EQUIPMENT
MANUFACTURER
S U R G I C A L X - R A Y G L A S S E S
• Replace lead while providing uniform shielding
performance
• Radiation shielding up to 140KeV
• Improve glasses design
• Compliance with Radiation Protection Regulation: Adult
eye exposure must be below 20 mSv per calendar year
• Conducted extensive testing to ensure comparable and
uniform shielding performance
• Improved geometric flexibility
• Lowered shielding component costs 30-50% by
eliminating machining and assembly steps (associated
with lead)
• Reduced weight of the glasses and enabled a more
ergonomic design
• Eliminated disposal concerns associated with lead
Trilliant™ XR Lead Replacement
Thermoplastics
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-05/Glucose Monitoring App Snapshot.pdf
Glucose Monitoring App Snapshot draft
MEDICAL DEVICE OEM
C O N T I N U O U S G L U C O S E
M O N I T O R I N G S Y S T E M
• Adapt to strict processing requirements of a secondary
operation put in place to manufacture a new device model
• Meet material size and thickness requirements while
achieving desired color target
• Overcome material unpredictability and sensitivity to heat,
light and moisture
• Minimize impact of supply chain instability and changes
• Offered support for processing under low
pressure conditions and at every stage of
manufacturing
• Performed extensive R&D work to
consistently deliver the customer’s color
target of a hard-to-achieve light gray
• Effectively addressed all material challenges
and sensitivities
• Provided regular ‘summaries of
understanding’ to keep up with changing
forecasts and ordering patterns
Mevopur™ Pre-color Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-04/Heavy Duty Connectors Application Snapshot.pdf
ELECTRICAL PARTS
MANUFACTURER
H E A V Y D U T Y C O N N E C T O R S
A N D A C C E S S O R I E S
• Reduce material rematching and rejection through more
efficient pre-testing
• Improve processing efficiencies and color consistency in
highly FR-filled and high-temperature resins
• Achieve regulatory compliance across multiple resin
families
• Gain better supply chain control to manage scarcity of key
engineering resins and changing resin producers
• Offered eight UL 94-recognized sites in U.S.
and Canada that perform comprehensive
analytical, physical and mechanical testing
• Provided increased speed to market and
expedited design timelines for new products
using existing standardized and pre-
approved color palettes
• Ensured regulatory compliance and security
of supply
OnColor™ UL 94 Colorants
KEY REQUIREMENTS
WHY AVIENT
AVIENT SOLUTION
QUALITY + SPEED TO MARKET
LEARN MORE
© 2023, Avient Corporation, All Rights Reserved
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-ul94-colorants
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-versalloy-infusion-adapter-port.pdf
MEDICAL EQUIPMENT
MANUFACTURER
C L O S E D S Y S T E M D R U G
T R A N S F E R D E V I C E
• A new material for a seal inside the next generation of
closed system drug transfer device
• Compliance with stringent regulatory standards:
• Biocompatibility to ISO10993
• USP VI compliance
• Provided regulatory support services and
expertise throughout extensive medical
approval process
• Provided a custom formulation compliant with
the highest healthcare regulatory standards
• Enabled material to be manufactured and
shipped globally
Custom Versalloy™ HC 9220-90 Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2024-03/CCG Application Snapshot_Wire _ cable laser marking_Final.pdf
Wire & cable manufacturer
WIRE & CABLE
MANUFACTURER
A E R O N A U T I C D A T A
T R A N S M I S S I O N C A B L E S
• Permanent contrast marking meeting aerospace industry standards
SAE AS4373F and EN-3475-706
• Benign marking that, compared to infrared (IR) laser marking, will
not damage the jacket surface
• Elevated temperature performance in corrosive environments,
maintaining dielectric properties under continuous service
• No vital optical fiber or data transmission cable interference
• Demonstrated fluorinated ethylene propylene (FEP)
application expertise incorporating laser marks
• Provided formulation expertise in PTFE alternatives
• Delivered a high-quality product with no clumping
during the extrusion process
• Offered a proven array of specific aeronautic colors
• Provided commercial, technical, and operational
support
KEY REQUIREMENTS
APPEARANCE + PERFORMANCE
WHY AVIENT?