https://www.avient.com/sites/default/files/2025-03/Q4 2024 Avient Webcast Slides w Non-GAAP.pdf
EPS $0.49 (3.9%) (1.9%) (5.8%)
Copyright © .
2025 10
Color, Additives & Inks - Q4 2024 performance
459
468
84
82
EXCL.
Color, Additives & Inks
END MARKETS REGIONS
34%
21%
15%
11%
8%
Packaging
Telecom 1%Energy 1%
34%
US & Canada
Latin America
Europe, Middle East
Construction
21Copyright © .
Three Months Ended December 31,
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 48.3 $ 0.52 $ 27.8 $ 0.30
Special items, after-tax (18.0) (0.20) 5.4 0.06
Amortization expense, after-tax 14.8 0.17 15.0 0.16
Adjusted net income / EPS $ 45.1 $ 0.49 $ 48.2 $ 0.52
Year Ended December 31,
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 169.5 $ 1.84 $ 75.8 $ 0.83
Special items, after-tax 15.9 0.17 79.3 0.86
Amortization expense, after-tax 59.5 0.65 61.5 0.67
Adjusted net income / EPS $ 244.9 $ 2.66 $ 216.6 $ 2.36
Three Months Ended
Year Ended
Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023 2024 2023
Net income from continuing operations – GAAP $ 48.5 $ 27.6 $ 170.7 $ 76.3
Income tax expense (benefit) 14.8 (7.0) 54.1 11.0
Interest expense 25.5 26.8 105.6 115.3
Depreciation and amortization from continuing operations 45.4 44.2 179.7 188.8
EBITDA from continuing operations $ 134.2 $ 91.6 $ 510.1 $ 391.4
Special items, before tax (23.9) 22.4 20.1 114.6
Interest expense included in special items — (0.1) (2.3) (2.3)
Depreciation and amortization included in special items (0.3) — (1.5) (1.9)
Adjusted EBITDA $ 110.0 $ 113.9 $ 526.4 $ 501.8
Adjusted EBITDA as a percent of sales 14.7 % 15.8 % 16.2 % 16.0 %
1
Three Months Ended
Year Ended
2024 2023 2024 2023
Sales:
Color, Additives and Inks $ 467.7 $ 459.4 $ 2,046.5 $ 2,007.4
Specialty Engineered Materials 279.7 259.8 1,196.8 1,138.2
Corporate (0.9) (0.2) (2.9) (2.8)
Sales $ 746.5 $ 719.0 $ 3,240.4 $ 3,142.8
Gross margin:
Color, Additives and Inks $ 152.6 $ 148.3 $ 681.1 $ 631.2
Specialty Engineered Materials 84.2 78.1 374.9 341.8
Corporate 22.7 (17.5) 0.7 (80.5)
Gross margin $ 259.5 $ 208.9 $ 1,056.7 $ 892.5
Selling and administrative expense:
Color, Additives and Inks $ 92.8 $ 86.5 $ 384.9 $ 371.3
Specialty Engineered Materials 49.6 48.7 207.7 199.3
Corporate 31.5 30.6 134.8 125.1
Selling and administrative expense $ 173.9 $ 165.8 $ 727.4 $ 695.7
Operating income:
Color, Additives and Inks $ 59.8 $ 61.8 $ 296.2 $ 259.9
Specialty Engineered Materials 34.6 29.4 167.2 142.5
Corporate (8.8) (48.1) (134.1) (205.6)
Operating income $ 85.6 $ 43.1 $ 329.3 $ 196.8
Depreciation and amortization:
Color, Additives and Inks $ 21.9 $ 22.2 $ 87.5 $ 98.3
Specialty Engineered Materials 21.0 19.8 82.1 81.5
Corporate 2.5 2.2 10.1 9.0
Depreciation and amortization $ 45.4 $ 44.2 $ 179.7 $ 188.8
Earnings before interest, taxes, depreciation and
amortization (EBITDA):
Color, Additives and Inks $ 81.7 $ 84.0 $ 383.7 $ 358.2
Specialty Engineered Materials 55.6 49.2 249.3 224.0
Corporate (6.3) (45.9) (124.0) (196.6)
Other income, net 3.2 4.3 1.1 5.8
EBITDA from continuing operations $ 134.2 $ 91.6 $ 510.1 $ 391.4
Special items, before tax (23.9) 22.4 20.1 114.6
Interest expense included in special items — (0.1) (2.3) (2.3)
Depreciation and amortization included in special items (0.3) — (1.5) (1.9)
Adjusted EBITDA $ 110.0 $ 113.9 $ 526.4 $ 501.8
2
Year Ended December 31,
Adjusted Free Cash Flow Calculation 2024 2023
Cash provided by operating activities $ 256.8 $ 201.6
Taxes paid on gain on sale of business — 104.1
One-time payout associated with deferred compensation plans 20.8 —
Adjusted cash provided by operating activities $ 277.6 $ 305.7
Capital expenditures (121.9) (119.4)
Adjusted free cash flow $ 155.7 $ 186.3
Three Months Ended March 31, 2024
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 49.4 $ 0.54
Special items, after-tax 5.5 0.06
Amortization expense, after-tax 14.9 0.16
Adjusted net income / EPS $ 69.8 $ 0.76
3
AVNT Q4 2024 webcast slides_w_non-GAAP.pdf
AVNT Q4 2024 webcast slides_v16.pdf
Webcast slides w EPS fix.pdf
AVNT Q4 2024 webcast slides_w_non-GAAP
IR Deck - AVNT-2024.12.31 2.06.25 12PM.pdf
Attachment
https://www.avient.com/industries/industrial/agriculture-construction/ag-construction-structural-components
We can help you achieve greater levels of efficiency without compromising safety or power.
Color Cosmetics
https://www.avient.com/news/avient-develops-new-magiq-nonwoven-electret-grades-hepa-filters
At a time when we are all conscious about air quality and purity to protect our health, there is a growing demand for filters with superior performance,” said Say-Eng Lee, Vice President and General Manager of Color & Additives Asia at Avient.
This is an example of our continuous focus on innovation to help support human health and safety.”
https://www.avient.com/news/avient-unveils-new-cesa-withstand-antimicrobial-additives-tpu-film-medical-and-outdoor-applications
There is a strong global trend and awareness for enhanced well-being, comfort, and safety in the post-pandemic era,” said Bob Lee, General Manager, Color and Additives Greater China at Avient.
https://www.avient.com/sites/default/files/2023-11/ISO14001 Global Cert_Avient.pdf
Industrial Valle del Cinca S/N Apartado
Barbastro, Huesca E-22300
Facility: Avient Corporation - Bethel, CT
19 Francis J Clark Circle
Bethel, CT 06801
Activity: Design and Manufacture of Specialty Engineered Thermoplastics Activity: Design and Manufacture of Colorants and Compounds for
Fluoropolymer and High Temperature Polymers.
Garibaldi 2405
Lomas de Zamora, Buenos Aires 1832
Argentina
Activity: Manufacture of Colour and Additive Concentrates, Thermoplastic
Resins and Specialty Compounds
Activity: Design and Manufacture of Colorants and Additives Concentrates
Facility: Avient Colorants SA
Parc Scientifique Fleming, Fond Jean Pâques 1
Louvain-La-Nueve, Walloon Brabant 1348
Belgium
Facility: Avient Corporation - Maipu, Chile
Camino a Melipilla 15.170
Maipu, Región Metropolitana de Santiago 9250000
Chile
Activity: Design and Manufacture of Colour and Additive Concentrates,
Activity: Design and Manufacture of Colorants and Additives Concentrates
Facility: Avient Corporation - Lahore, Pakistan
Plot no. 135, Kitaar, Bund Road
Off Multan Road, Thokar Niaz Baig.
WA-06, Kalyan-Padgha Road
Vashere, Maharashtra 421302
Activity: Design and Manufacture of Colorants and Additives for Plastics Activity: Design & Manufacture of Color, Additive Concentrate & Specialty
Facility: Avient Corporation - Suzano, Brasil
Av.
https://www.avient.com/news/avient-launches-new-density-modified-polymers-recycled-and-bio-based-content
Homepage
//
News Center
//
Avient Launches New Density Modified Polymers with Recycled and Bio-Based Content
Performance characteristics, including density, corrosion and chemical resistance, and mechanical performance, can be customized depending on application needs.
https://www.avient.com/sites/default/files/2024-05/ISO14001 Global Cert_Avient_2024.pdf
Industrial Valle del Cinca S/N Apartado
Barbastro, Huesca E-22300
Facility: Avient Corporation - Bethel, CT
19 Francis J Clark Circle
Bethel, CT 06801
Activity: Design and Manufacture of Specialty Engineered Thermoplastics Activity: Design and Manufacture of Colorants and Compounds for
Fluoropolymer and High Temperature Polymers.
Garibaldi 2405
Lomas de Zamora, Buenos Aires 1832
Argentina
Activity: Manufacture of Colour and Additive Concentrates, Thermoplastic
Resins and Specialty Compounds
Activity: Design and Manufacture of Colorants and Additives Concentrates
Facility: Avient Colorants SA
Parc Scientifique Fleming, Fond Jean Pâques 1
Louvain-La-Nueve, Walloon Brabant 1348
Belgium
Facility: Avient Corporation - Maipu, Chile
Camino a Melipilla 15.170
Maipu, Región Metropolitana de Santiago 9250000
Chile
Activity: Design and Manufacture of Colour and Additive Concentrates,
Activity: Design and Manufacture of Colorants and Additives Concentrates
Facility: Avient Corporation - Lahore, Pakistan
Plot no. 135, Kitaar, Bund Road
Off Multan Road, Thokar Niaz Baig.
WA-06, Kalyan-Padgha Road
Vashere, Maharashtra 421302
Activity: Design and Manufacture of Colorants and Additives for Plastics Activity: Design & Manufacture of Color, Additive Concentrate & Specialty
Facility: Avient Corporation - Suzano, Brasil
Av.
https://www.avient.com/resource-center?document_type=59&document_subtype=216&page=1
Technical Data Sheets
Safety Data Sheets
Safety Data Sheets
https://www.avient.com/sites/default/files/2024-04/Maxxam REC Outdoor Plug Socket Case Study_A4.pdf
Reliable coloration
to RAL 7011 and RAL 7035 colors was also required,
something hard to provide when using post-consumer
recycled (PCR) content, as performance can be more
unstable than prime material.
Utilizing the Social Plastic from Plastic
Bank, two new Maxxam™ REC Recycled Polyolefin
formulations were developed, one in each RAL
color requested.
Avient is pleased to have been part of the
collaboration between Plastic Bank and Hager Group,
helping one of its recognized customers move
towardsreaching its sustainability goals by
transforming discarded ocean-bound plastic into
high-performance polymers.
https://www.avient.com/sites/default/files/2020-08/colormatrix-aazure-brochure-1.pdf
It enables:
• Increased rPET content
• Reduced CO2 emissions
When added to PET preforms and bottles,
ColorMatrix AAzure helps to:
• Improve bottle quality
- Reduced preform acetaldehyde
by up to 80%
- Improved mechanical strength
- Lightweighting
• Improve processability
- Reduced bottle blowouts
- Reduced scrap
- Improved productivity
• Reduce energy consumption during
bottle blowing process
ColorMatrix AAzure has a slight blue tint, which is
useful for off-setting yellowing often associated
with the use of rPET, and has minimal impact on
final product color or aesthetics.
LD
R
(%
Impact of 5 Melt Heat Histories on Preform Color
Reference ColorMatrix AAzure
Reduction in AA Level
35% 55% 70%
ColorMatrix AAzure allows for further
optimization of the polymer weight
distribution during the bottle blowing
process, which improves mechanical
strength and bottle quality.
IMPROVED BOTTLE
QUALITY
+2% in
neck
+3% in
body
-12% in
base
8.5g 0.5L bottle, 60% rPET
Re-optimization of Polymer
Weight Distribution to Improve
Bottle Strength
Based on commercially produced water
bottles, 51,000bph
Mechanical Strength
Based on PTI 14.4g 0.5L water bottles, Instron testing
To
p
Lo
ad
(l
bs
Burst Pressure
Based on 8.5g, 0.5L commercially produced water bottles
Bu
rs
t P
re
ss
ur
e
(B
ar
REDUCED CO2 EMISSIONS
25% reduction in energy consumed during the bottle blowing process, based
on a commercial process producing 8.5g 0.5L water bottles at 51,000 bph
En
er
gy
k
W
Reduced Energy Consumption
ColorMatrix AAzure increases the heat-up rate for preforms, enabling energy
reductions for the heating lamps used during the bottle blowing process.