https://www.avient.com/sites/default/files/2024-10/Avient CDP Climate Change %26 Water Submission 20241001.pdf
Avient also recently announced
a 2030 sustainability goal to reach 100% of our materials for the packaging market to be recyclable or reusable to advance the circular economy.
Select all that apply
☑ Other, please specify :Plastics Europe and American Chemistry Council commitments to enable plastics packaging to be 100% re-used, recycled or recovered by 2040
7.54.2.19) Target objective
The objective is to ensure advance the circular economy through product and packaging specific initiatives
https://www.avient.com/knowledge-base/article/carbon-footprint-management-strategy-cn?rtype[]=1164
可回收原材料:含有工业后回收(PIR)或消费后回收(PCR)成分的聚合物,最初采用石油基原材料,可进入截断(Cut-off)循环或开环(Open-loop)循环中。
https://www.avient.com/knowledge-base/article/carbon-footprint-management-strategy-cn?sust[]=1133
可回收原材料:含有工业后回收(PIR)或消费后回收(PCR)成分的聚合物,最初采用石油基原材料,可进入截断(Cut-off)循环或开环(Open-loop)循环中。
https://www.avient.com/sites/default/files/2023-06/AVIENT_TPEs and LSR eBook.pdf
https://www.avient.com/idea/sealing-medical-device-savings
APPLICATIONS
LSR TPEs
INFANT
CARE
• Pacifier
• Baby bottle nipples
• Breast pumps
• Breast shields
• Cup valves
MEDICAL
• Catheter
• Tubing
• Syringe seals
• Respiratory masks
• Handles/grips on
surgical instruments
• Prosthetics
• Needleless valves
• Gaskets
• Valves
• Wound drain bulb
• Wound drain
• Wound covering
HOUSEHOLD
• Bake ware (cake
or muffin mold)
• Oven gloves
• Ice cube tray
• Kitchen utensils • Trivet • Storage tubs
RECREATION
• Sporting goods
(dive mask, protective
mouthguard)
• Shoe inserts
AUTOMOTIVE
• Turbocharge hoses
• Radiator hoses
• Spark plug boots
• Underhood seals +
gaskets
• Interior seals +
gaskets
• Interior HVAC flaps
ELECTRIC +
ELECTRONICS
• High voltage
insulators
• Wire + cable coating
• Cellphone cases
• Fitness wearables
RETAIL • Packaging • Blister packs
What’s the best fit for your application?
https://www.avient.com/sites/default/files/2021-04/avnt-first-quarter-2021-news-release.pdf
Examples include:
• Barrier technologies that preserve the shelf-life and quality of food, beverages, medicine
and other perishable goods through high-performance materials that require less plastic
• Light-weighting solutions that replace heavier traditional materials like metal, glass and
wood, which can improve fuel efficiency in all modes of transportation
• Breakthrough technologies that minimize wastewater and improve the recyclability of
materials and packaging across a spectrum of end uses
Avient employs approximately 8,400 associates and is certified ACC Responsible Care®, a
founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for South Africa.pdf
Buyer shall not use Seller’s name or trademarks in any
advertisements, product descriptions, packaging materials, websites,
or any other promotional materials, except with the prior written
consent of Seller.
17.
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.
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Press Release.pdf
Adjusted free cash flow for 2023 was $186 million, slightly ahead
of expectations.
2
2024 Outlook
“In the first quarter, we expect demand to continue to improve in our two largest end markets,
packaging and consumer, as destocking comes to an end and our sustainable solutions
portfolio expands.
https://www.avient.com/sites/default/files/2024-01/AVNT January IR Presentation_w Non-Gaap Recs.pdf
We partner with Brand Owners / OEMs, processors and
assemblers to enable their goals in applications like packaging,
healthcare, consumer goods, transportation, wire & cable,
building & construction and textiles.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Indonesia %28English translation%29.pdf
Buyer shall not use Seller’s name or trademarks in any
advertisements, product descriptions, packaging materials, websites,
or any other promotional materials, except with the prior written
consent of Seller.
18.