https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Investor Presentation_website w Non-GAAP.pdf
Q1 2023
(TOTAL COMPANY)
$846 $829
$134
$143
17.3%
(in millions)
$0.63
$0.76
(in millions)
+ 7% + 21%
Sales Adjusted EBITDA Adjusted EPS
9
- 2%
15.8%
+150 bps
Q1 2024 SEGMENT PERFORMANCE
(COLOR, ADDITIVES & INKS)
$537
$515
$91
$97
18.8%
(in millions) (in millions)
+ 7%
10
- 4%
17.0%
+180 bps
• Year over year demand
continues to improve for the
segment but slowly due to
continued weakness in Europe
• Raw material deflation & cost
reduction actions primary drivers
of adjusted EBITDA growth and
margin expansion of +180 bps vs
Q1 2023
Q1 2024 SEGMENT PERFORMANCE
(SPECIALTY ENGINEERED MATERIALS)
$310
$314
$64
$73
23.2%
(in millions) (in millions)
+ 14%
11
+ 1%
20.8%
+240 bps
• Sales growth in defense end
market offset by weaker
demand in telecommunications
end market
• Raw material deflation and
favorable mix impact from
defense sales primary drivers
of adjusted EBITDA growth and
margin expansion of +240 bps
vs Q1 2023
Q1 EBITDA BRIDGE
(TOTAL COMPANY)
12
$ millions
CAI:
Price / Mix (1)
Deflation 16
SEM:
Price / Mix 4
Deflation 7
Net Price Benefit 26
Wage/Other Inflation (9)
FX (2)
Q1 2024 $143
Adjusted
EBITDA
Q1 2023 $ 134
Demand (6)
• Positive net price benefit:
o Favorable raw material
deflation in both segments
• Wage and other inflation more than
offset cost reductions/synergies
2024 G U IDA N CE
FY 2024 GUIDANCE
Original Revised
Adjusted EBITDA $505 to $535 million $510 to $535 million
Adjusted EPS $2.40 to $2.65 $2.50 to $2.65
Interest Expense $105 to $110 million $105 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures ~$140 million ~$140 million
14
Q2 2024: Adjusted EPS of $0.71
CE O “TO P O F M IN D ”
FO CU S ARE A S
AREAS OF FOCUS
16
+7%
Drive Profitable Organic
Top-Line Growth with
Margin Expansion
Amplify Innovation Build Leadership & Talent
Pipeline
AP P EN D IX
19
Performance
Additives
15%
Pigments
TiO2
Dyestuffs
Polyethylene
10%Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
41%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
23%Industrial
Building and
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
21
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2023 REVENUE | $2 .0 B ILL ION
34%
37%
21%
END MARKET REGION
22
34%
21%
15%
Building &
1% Energy
COLOR, ADDITIVES & INKS
2023 REVENUE | $1 .1 B ILL ION
52%
35%
23
6%Industrial
12%
10% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
26%
Building &
6%
2% Defense
1%
(18% of sales)
2023 AVIENT REGIONAL SALES
25%
Building &
(36% of sales)Transportation
22%
Building &
12%
6%
US &
Canada
(41% of sales)
59%
22%
Building &
LATAM
(5% of sales)
24
BY END MARKET
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/sites/default/files/2024-12/Terms and Conditions of Sale for Singapore %28English%29.pdf
Seller
reserves to itself all applicable duty drawback allowances and
Buyer shall provide assistance in connection with Seller’s
application for same.
11.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Thailand %28English%29.pdf
Seller reserves to
itself all applicable duty drawback allowances, and Buyer shall
provide assistance in connection with Seller’s application for the
same.
11.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Hong Kong %28English%29.pdf
Seller reserves to itself all
applicable duty drawback allowances, and Buyer shall provide
assistance in connection with Seller’s application for the same.
11.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Czech Republic.pdf
Seller reserves to
itself all applicable duty drawback allowances, and Buyer shall
provide assistance in connection with Seller’s application for the
same.
11.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for India %28English%29.pdf
Buyer shall file all tax returns
(wherever applicable) in a timely manner so as to enable Seller to be
able to receive or set off from its tax liability, as the case may be, all
tax credits (including input tax credits) available to Seller on account
of the sale of the Products.
11.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for the United Arab Emirates.pdf
یعوضالضرائب والمصروفات والرسوم. 10
أو الإقلیمیة أو المحلیة أو غیرھا (بخلاف بالولایة الضرائب الاتحادیة أو الخاصة
ضرائب الإنتاج أو المصروفات التي تشمل الضرائب ضرائب الدخل) أو
والمصروفات التعویضیة الحكومیة، والتي یجب على البائع سدادھا فیما یتعلق
ھذه المبالغ فقط غیر متضمنة في السعر عند بدایة كونوت بتصنیع وتورید المنتج،
ھذا العقد، ویحتفظ البائع لنفسھ بجمیع مخصصات رد الرسوم الجمركیة المعمول
بھا، وعلى المشتري تقدیم العون فیما یتعلق بطلب البائع المقدم بشأنھا.
11.
تنتقل الملكیة ومخاطرة الملكیة ومخاطرة الخسارة، والمخاطر الأخرى .11
عند نقطة الشحن الخاصة بالبائع، ویتحمل المشتري الخسارة بالمنتج إلى المشتري
التفریغ والتخزین والتنزیل ) التي تنشأ من 1كافة المخاطر والمسؤولیات (
الالتزام أو عدم الالتزام بالقوانین ) أو التي تنشأ من 2والمناولة واستخدام المنتج، (
أو الإقلیمیة أو المحلیة التي تسري على بالولایةواللوائح الاتحادیة أو الخاصة
ولا یتحمل البائع المسؤولیة عن عدم تفریغ أو تنزیل أو التي تحكمھ.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Slovakia.pdf
Predávajúci si pre seba vyhradzuje všetky
príslušné vratky cla a kupujúci poskytne pomoc v
súvislosti so žiadosťou predávajúceho o ne.
11.
Seller
reserves to itself all applicable duty drawback allowances,
and Buyer shall provide assistance in connection with
Seller’s application for the same.
11.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-hindi-a4.pdf
11.
फ्रांसिस्को नाकासटो, 1700
13295-000 इटुपेवा साओ पॉलो,
ब्राज़ील
दूरभाष: +55 11 4593 9200
यूरोप
प्रक्षेत्रीय मुख्यालय पोमरलोक,
लक्समबर्ग
19 रूट दे बास्टोग्ने पोमरलोक,
लक्समबर्ग, L-9638
दूरभाष: +352 269 050 35
फैक्सः +352 269 050 45
https://www.avient.com
अनुपालन के लिए गाइड
नीति अवलोकन
अमेरिकी एकाधिकारी व्यापार विरोधी कानूनों का अवलोकन
एंटीट्रस्ट कानून का उल्लंघन
चिंता के एंटीट्रस्ट संभावित क्षेत्र
निष्कर्ष
संभावित उल्लंघनों की सूचना देना
Avient एथिक्स हॉटलाइन
प्रतिशोध से सुरक्षा
एंटीट्रस्ट चेकलिस्ट
त्वरित संदर्भ: एंटीट्रस्ट करने-योग्य और न-करने-योग्य बातें
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-fre-a4.pdf
À ne pas faire : Conclure tout accord, entente ou
discussion avec tout client concernant la sélection
ou la résiliation par Avient d’autres clients ou les
conditions auxquelles Avient traite ou pourrait
traiter avec tout autre client, y compris les produits à
vendre, à qui, à quels prix et dans quels territoires ou
marchés les vendre.
11.
Francisco Nakasato, 1700
13295-000 Itupeva Sao Paulo,
Brésil
Téléphone : +55 11 4593 9200
Europe
Siège régional Pommerloch,
Luxembourg
19 Route de Bastogne Pommer-
loch, Luxembourg, L-9638
Téléphone : +352 269 050 35
Télécopie : +352 269 050 45
www.avient.com
https://www.avient.com
Référence rapide : Choses À FAIRE et À NE PAS FAIRE en matière
de lois antitrust
Liste de contrôle des lois antitrust
Protection contre les représailles
Signalement des violations potentielles
Conclusion
Domaines potentiellement délicats en matière de lois antitrust
Violation des lois antitrust
Aperçu des lois antitrust américaines
Présentation de la politique
Ligne d’assistance Éthique d’Avient