https://www.avient.com/sites/default/files/2022-08/Pipe wrap translation - Application Snapshot.pdf
R E I N F O RC E D
T H E R M O P L A S T I C P I P E
F O R O I L + G A S
• Reinforcement for HDPE pipe to meet the performance of
traditional steel pipe for oil and gas applications
• Temperature performance up to 65˚C with operating
pressure up to 1500 psi
• Spoolable, lightweight material to simplify transport and
installation
• Provided material compatibility with HDPE
and added reinforcement to meet burst
strength requirements
• Customized tape thickness to meet specific
processing needs
• Ensured supply chain reliability with fast
delivery and quality control in North America
• Flexible, reinforced plastic solution enabled
spoolable pipe and reduced weight
Polystrand™ Continuous Glass Fiber
Reinforced Polyethylene Tape
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/resources/safety-data-sheets?page=5735
ML-53576 TAUPE W/BLK & BRN SPECKS 1YR UV
ML-84471 GRAY 402016
MC-10778PE UV HDPE
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-earnings-presentation_0.pdf
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
22
Capex / Revenue
2021E (%)
AV I E N T I S A SS E T L I G H T
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
2
3
1
2
3 3
3
4
3 3
5 5 5
5
6
8
A
vi
e
n
t
A
vi
e
n
t
(E
xc
l.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
H I G H F R E E C A S H F L OW
C O N V E R S I O N
Avient reflects 2021 estimated EBITDA of $580M and estimated CAPEX of $80M (excludes one-time synergy capture CAPEX of $20M)
Source: Peer data per Bloomberg market data as of October 25, 2021
86
92
85
82
79
77
74
89
83 82
80 79 79 78 78
72
33
A
vi
e
n
t
K
W
R
P
P
G
A
V
Y
F
U
L
R
P
M
G
C
P
F
M
C
U
N
V
R
C
E
H
X
L
B
N
R
A
S
H
E
C
L
E
M
N
H
U
N
S
C
L
A
L
B
(12)
Source: Peer data per Bloomberg market data as of October 25, 2021
Total Enterprise Value / 2021E EBITDA
Our current valuation with updated
guidance implies an EBITDA multiple
that is below specialty formulator
peers and the median of other
selected chemical / specialty
companies.
With the Clariant Color business
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.
24
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
11.0
18.3
16.3
15.4
14.5
11.6 11.1
36.2
28.0
24.9
13.0
11.5 11.3
10.0
9.2 8.8
7.7
6.7
A
vi
e
n
t
K
W
R
P
P
G
A
V
Y
R
P
M
F
U
L
G
C
P
A
L
B
H
X
L
E
C
L
A
S
H
F
M
C
B
N
R
S
C
L
U
N
V
R
E
M
N
C
E
H
U
N
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=6946
RED PHA W/FILLER
CHERRY HDPE UV
NY UV GREEN
https://www.avient.com/news/avient-launches-high-performance-uv-laser-marking-technology-fep-wire-cable
Homepage
//
News Center
//
Avient Launches High Performance UV Laser Marking Technology for FEP Wire & Cable
Avient Launches High Performance UV Laser Marking Technology for FEP Wire & Cable
This technology is offered for colors specified by the aeronautics industry, including light red, green, violet, blue, white and gray.
https://www.avient.com/resources/safety-data-sheets?page=6270
BURNT ORANGE HDPE UV
NYLON WHITE W/MR
SILVER/GRAY PEARL PCR SC
https://www.avient.com/resources/safety-data-sheets?page=5482
HDPE BLUE 291C
COASTAL GRAY UV V7
ORANGE 471C W/LM
https://www.avient.com/resources/safety-data-sheets?page=1370
BLACK w/SLIP
WARM GRAY
HDPE #11 GREEN
https://www.avient.com/resources/safety-data-sheets?page=4764
UV WEATHERWOOD LL
ROSE VI
TPE COOL GRAY 4C
https://www.avient.com/resources/safety-data-sheets?page=2574
HDPE with UN0005 White
GREEN - UV
DM476W WHITE W/ BRIGHTNER 9400-