https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-pultruded-rods-tubes-custom-profiles
Technical Data Sheets
Browse our library of product data sheets containing technical descriptions and details.
Product description for Glasforms™ and Gordon Composites™ carbon fiber reinforced rods, bars and laminates, as well as the value solution, key characteristics, uses, applications and technical properties
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations
Safety Data Sheets
Technical Data Sheets
Browse our library of product data sheets containing technical descriptions and details.
https://www.avient.com/products/long-fiber-technology/long-fiber-technologies/onforce-long-glass-fiber-reinforced-polypropylene-composites
Find Data
Technical Data Sheets
Technical Property
https://www.avient.com/products/polymer-additives/reheat-additives-pet/colormatrix-joule-reheat-additive-pet
Technical Bulletin
Technical Bulletin
Safety Data Sheets
https://www.avient.com/products/vinyl-formulations/vinyl-plastisols-organosols/core-vinyl-plastisols-healthcare
Marketing + Technical Info
Technical Literature
Safety Data Sheets
https://www.avient.com/sites/default/files/2022-04/Avient Acquisition of Dyneema and Q1 2022 Results_0.pdf
Morgan
• New Senior Secured Term Loan B and new Senior
Unsecured Notes
• Potential proceeds from sale of Distribution business
modeled to pay off 5.25% senior notes due 2023 and
Term Loan
• Acquisition aligned with Avient’s track record of
disciplined capital allocation policy
• Existing dividend policy maintained, focus on
deleveraging in the near term
(1) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution,
including repayment of senior notes due 2023 and Term Loan
Cash and Cash Equivalents 595$
Senior Secured Term Loan due 2026 605$
New Senior Secured Term Loan B 500
Total Senior Secured Debt 1,105$
Senior Unsecured Notes due 2025 650$
New Senior Unsecured Notes 740
Total Senior Unsecured Debt 1,390$
Total Debt 2,495$
Net Debt 1,900$
2022 Pro forma Adjusted EBITDA 660$
Net Debt / Adjusted EBITDA 2.9x
Pro Forma Capitalization
(2022 estimates, all figures in $M)
TWO-YEAR LEVERAGE GOAL
24
3.5x
2.7x
1.7x
2.9x
2.5x
2.2x
2019PF 2020PF 2022E 2022PF 2023E 2024E
Dyneema® AcquisitionClariant Color Acquisition
(1) Pro forma for the acquisition of the Clariant Color business
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of
Distribution, including repayment of senior notes due 2023 and Term Loan
(1) (1) (2)
25
PRO FORMA MODELING
2022E Pro Forma Pro Forma
($M) w/ Dyneema w/Sale
Revenue 5,100$ 415$ 5,515$ (1,775)$ 3,740$
Adjusted EBITDA 635 130 765 (105) 660
EBITDA % 12% 31% 14% 6% 18%
Pro Forma EPS (Adjusted) 3.50$ 0.00$ 3.50$ (0.56)$ 2.94$
Pro Forma EPS (excl. amortization) 3.96$ 0.35$ 4.31$ (0.56)$ 3.75$
Leverage (12/31/2022E)
Net Debt / Adjusted EBITDA 1.7x 3.5x 2.9x
Avient Dyneema Distribution®
®
OUR SPECIALTY JOURNEY
ACQUISITION HISTORY
27
Commercial
Resources(1)
Operating Margins
259
360
$40
$122
9%
21%
Established Acquisitions
(> 7 years)
+ 39% + 210% + 1200 bps
(1) Commercial Resources include associate headcount in R&D / Technical, Marketing and Sales
CLARIANT COLOR ACQUISITION
28
$133
$205
2019PF 2021
28
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• $54 million of synergies realized in 2021
• Acquisition completed on July 1, 2020 for $1.45 billion.
As
presented in previous slides, this presents potential benefits with
respect to leverage and EBITDA margins
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/products/polymer-additives/foaming-agents/excelite-chemical-foaming-additives
Marketing + Technical Info
Technical Literature
Safety Data Sheets
https://www.avient.com/products/long-fiber-technology/complet-moisture-resistant-nylons
Find Data
Technical Data Sheets
Find material data
https://www.avient.com/knowledge-base/article/transform-product-development-fea
This creates a foundation of trust in the data outputs.
If you are used to designing in metals, you might be surprised when a polymer’s technical data sheet does not translate into part performance you anticipated.
Many metals can approximate linear elastic behavior, but polymer behavior is not so easily simplified to one modulus, making it more challenging to predict performance based on a data sheet.
https://www.avient.com/sites/default/files/2022-10/2022 Automotive Industry Overview Brochure.pdf
Color collaboration design services – Working
with you at the earliest stages of development,
our experts offer ideas, inspiration and technical
guidance on colors for plastics so you can integrate
high-impact concepts early to save time and money.
1.844.4AVIENT
www.avient.com
Copyright © 2022, Avient Corporation.