https://www.avient.com/sites/default/files/2024-08/AVNT Second Quarter Earnings Press Release.pdf
I look forward to sharing more details in our third
quarter earnings call and at our upcoming investor day in New York City on December 4th."
3
Sustainability Report Release
The company also announced the release of its latest Sustainability Report, now available at
www.avient.com/sustainability.
The report provides an update on Avient's contributions and impact in creating a more
sustainable future, including progress that the company has made towards its 2030 goals.
About Avient
Avient Corporation (NYSE: AVNT) provides specialized and sustainable materials solutions that
transform customer challenges into opportunities, bringing new products to life for a better
world.
https://www.avient.com/products/polymer-additives/reheat-additives-pet/colormatrix-smartheat-rhc
rPET Solutions
Learn more about Avient's rPET portfolio of sustainable solutions.
Sustainable Additives White Paper for Food and Beverage Packaging
https://www.avient.com/news/medtec-china-2024-avient-announces-healthcare-tpu-manufacturing-expansion
SHANGHAI – September 25, 2024 – Avient Corporation, a leading provider of specialized and sustainable materials solutions and services, will exhibit its extensive portfolio of medical-grade materials and solutions for healthcare applications at Medtec China 2024, including the announcement of newly expanded manufacturing for its NEU™ Custom Capabilities and NEUSoft™ Thermoplastics Polyurethane (TPU) solution for catheter applications in China.
About Avient
Avient Corporation provides specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world.
Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility
https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Presentation%5B70%5D.pdf
AVIENT CORPORATION
S E C O N D Q U A R T E R 2 0 2 3 R E S U L T S
(NYSE: AVNT)
J U LY 2 7 , 2 0 2 3
DISCLAIMER
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.
Q 1 2 0 2 3
-8%
+6%
-1%
Flat
10
Total Avient -2.6%
2023 G U IDA N CE
$128
$525
$0.56
$2.40
2023 GUIDANCE
12
$800
$3,280
Sales Adjusted EBITDA Adjusted EPS
(in millions) (in millions)
13
• Focused on working capital
management, restructuring
actions to streamline
operations
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Preserve Free Cash Flow to
maintain net leverage
CASH FLOW / LEVERAGE
($ millions) 2023E
Cash Flow from Operating Activities 320$
Less: CapEx (140)
Free Cash Flow 180$
Adjusted EBITDA 525$
Net Debt / Adjusted EBITDA 3.0x
SUSTAINABILITY AS A GROWTH DRIVER
14
LONG-TERM REVENUE GROWTH DRIVERS
Revenue From Sustainable Solutions* 2016-2022
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
$1,175M
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
SUSTAINABILITY REPORT
2022
• Provides progress on 2030 goals
• Reaffirms commitment to U.N.
Non-GAAP financial measures have limitations as analytical tools and
should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP.
https://www.avient.com/knowledge-base/article/can-polyketone-pk-materials-provide-alternative-polyoxymethylene-pom
Download this free study to determine if PK can address POM’s toxicity and sustainability issues without sacrificing performance.
Polyoxymethylene (POM) is often the preferred solution for precision parts that demand high strength and stiffness, a low coefficient of friction (COF), and excellent dimensional stability.
PK materials also offer sustainability advantages over POM by emitting lower carbon emissions during polymer production.
https://www.avient.com/knowledge-base/case-study/automotive-windshields-post-consumer-recycled-content-tpes
Recycle Solutions
The Solution
The materials are a result of close collaboration with Shark Solutions, a global leader in advanced sustainable polyvinyl butyral (PVB) products.
https://www.avient.com/investor-center/investor-news/archives?page=7
CLEVELAND, Sept. 1, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, has
CLEVELAND, Aug. 12, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading global provider of sustainable and specialized material solution
CLEVELAND, July 28, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT) ("Avient"), a leading provider of specialized and sustainable solutions, to
https://www.avient.com/investor-center/investor-news/archives?page=6
CLEVELAND, Jan. 6, 2023 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, inten
CLEVELAND, Nov. 1, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading global provider of specialized and sustainable material solutions
CLEVELAND, Oct. 11, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, inte
https://www.avient.com/investor-center/investor-news/archives?page=1
CLEVELAND, Jan. 14, 2025 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), an innovator of materials solutions, intends to release its fourth quarter
CLEVELAND, Nov. 4, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, will
CLEVELAND, Oct. 3, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, inte
https://www.avient.com/knowledge-base/case-study/automotive-windshields-post-consumer-recycled-content-tpes?rtype[]=1124
Recycle Solutions
The Solution
The materials are a result of close collaboration with Shark Solutions, a global leader in advanced sustainable polyvinyl butyral (PVB) products.