https://www.avient.com/sites/default/files/2020-08/colormatrix-aazure-brochure-1.pdf
LD R (% ) 14 15 16 17 8 9 10 11 0 20 40 60 80 100 120 0 50 100 150 200 250 300 350 400 450 500 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 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 weight +3% in body weight -12% in base weight 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 Increasing ColorMatrix AAzure Concentration Based on PTI 14.4g 0.5L water bottles, Instron testing To p Lo ad (l bs ) 14 15 16 17 8 9 10 11 0 20 40 60 80 100 120 0 50 100 150 200 250 300 350 400 450 500 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 Burst Pressure Increasing ColorMatrix AAzure Concentration Based on 8.5g, 0.5L commercially produced water bottles B ur st P re ss ur e (B ar ) 14 15 16 17 8 9 10 11 0 20 40 60 80 100 120 0 50 100 150 200 250 300 350 400 450 500 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 REDUCED CO2 EMISSIONS Increasing ColorMatrix AAzure Concentration 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. This effect contributes towards reducing CO 2 emissions. 14 15 16 17 8 9 10 11 0 20 40 60 80 100 120 0 50 100 150 200 250 300 350 400 450 500 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 Increasing ColorMatrix AAzure Concentration Translates to 25% CO 2 reduction based on 25% energy reduction in bottle blowing process CO 2 ( to nn es p er y ea r) 14 15 16 17 8 9 10 11 0 20 40 60 80 100 120 0 50 100 150 200 250 300 350 400 450 500 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 ColorMatrix AAzure products are supplied in ColorMatrix approved packaging and are active as supplied.
https://www.avient.com/sites/default/files/2024-06/SEM Asia Product Selection Guide_CN.pdf
产品牌号 硬度 颜色 包覆成型 应用 密度 (g/cm3) 合规 FDA EU GB Dynalloy™ FC 3510 系列 40–80A 本色 PETG, ABS, PC 1.04 FDA 177.1210 (水性食品;条件D-G) EU 10/2010 GB 4806.6- 2016 Dynalloy™ FC 7850 & 7860 系列 30–80A 半透明/本色 PP 0.88/0.99 通用 FDA FDA 177.1210 (水性食品但酒精含量 不超过8%;条件B-G 。对于脂肪类食品和 酒精含量超过8%的食 品;条件D-G) EU 10/2011 GB 4806.6- 2016 Versaflex™ CL2242 43A 透明 PP/PC/ABS 0.89 FDA 177.1210 (所有食品;条件A–H) FDA 177.1210 (水性食品;条件A-H) FDA 177.2600 (水性食品;条件A-H) FDA 177.2600 (水性食品;条件A-H) FDA 177.2600 (水性食品;条件A-H) FDA 177.2600 (水性食品;条件A-H) N/A N/A Versaflex™ CL2250 50A 透明 PP/PC/ABS 0.89 N/A N/A Dynaflex™ G2780C 84A 半透明 PE 0.9 N/A N/A Versaflex™ FFC 2882-50 50A 半透明 PP 0.9 EU 10/2011 N/A Versaflex™ FFC 2882-70 70A 半透明 PP 0.88 EU 10/2011 GB 4806.6- 2016 Versaflex™ FFC 2882-87 87A 半透明 PP 0.88 EU 10/2011 GB 4806.6- 2016 Versaflex™ FFC 3882-70 70A 本色 PETG, ABS, PC 1.1 EU 10/2011 Versaflex™ OM 9100 系列 30–50A 半透明 PC/ABS 0.9 FDA 177.1210 N/A N/A 食品级 TPE 适合与食品接触的热塑性弹性体 不含双酚 A(BPA),邻苯二甲酸盐或重 金属;符合 FDA, EU10 / 2011和中国 GB4806 的等级 耐磨性及抗撕裂,经过测试,可以安全 地用于微波炉和洗碗机 具有理想的包胶性能,不仅提供柔软的 表面触感,并可根据特定的舒适度要求 进行定制,包括减少振动和降低噪音 可注塑成型或直接在PP, ABS等基材上 包覆成型 无需二次加工,保证产品质量及稳定性 产品牌号 硬度 颜色 包覆成型 密度 (g/cm3) 合规 FDA EU GB Dynalloy™ FC 3510 系列 40–80A 本色 PETG, ABS, PC 1.04 FDA 177.1210 (水性食品;条件D-G) EU 10/2010 GB 4806.6- 2016 Dynalloy™ FC 7850 & 7860 系列 30–80A 半透明/本色 PP 0.88/0.99 通用 FDA FDA 177.1210 (水性食品但酒精含量 不超过8%;条件B-G 。对于脂肪类食品和 酒精含量超过8%的食 品;条件D-G) EU 10/2011 GB 4806.6- 2016 Versaflex™ CL2242 43A 透明 PP/PC/ABS 0.89 FDA 177.1210 (所有食品;条件A–H) FDA 177.1210 (水性食品;条件A-H) FDA 177.2600 (水性食品;条件A-H) FDA 177.2600 (水性食品;条件A-H) FDA 177.2600 (水性食品;条件A-H) FDA 177.2600 (水性食品;条件A-H) N/A N/A Versaflex™ CL2250 50A 透明 PP/PC/ABS 0.89 N/A N/A Dynaflex™ G2780C 84A 半透明 PE 0.9 N/A N/A Versaflex™ FFC 2882-50 50A 半透明 PP 0.9 EU 10/2011 N/A Versaflex™ FFC 2882-70 70A 半透明 PP 0.88 EU 10/2011 GB 4806.6- 2016 Versaflex™ FFC 2882-87 87A 半透明 PP 0.88 EU 10/2011 GB 4806.6- 2016 Versaflex™ FFC 3882-70 70A 本色 PETG, ABS, PC 1.1 EU 10/2011 Versaflex™ OM 9100 系列 30–50A 半透明 PC/ABS 0.9 FDA 177.1210 N/A N/A 食品级 TPE 适合与食品接触的热塑性弹性体 不含双酚 A(BPA),邻苯二甲酸盐或重 金属;符合 FDA, EU10 / 2011和中国 GB4806 的等级 耐磨性及抗撕裂,经过测试,可以安全 地用于微波炉和洗碗机 具有理想的包胶性能,不仅提供柔软的 表面触感,并可根据特定的舒适度要求 进行定制,包括减少振动和降低噪音 可注塑成型或直接在PP, ABS等基材上 包覆成型 无需二次加工,保证产品质量及稳定性 产品牌号 硬度 颜色 包覆成型 版权所有© 2024埃万特公司。
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Investor Presentation_website w Non-GAAP.pdf
& Canada EMEA Asia Latin America 64% 36% Specialty Engineered Materials Color Additives and Inks 41% 36% 18% 5% 7% 7% 23% 19% 9% 16% 10% 5% 4% Defense Healthcare Packaging Consumer Building & Construction Industrial Transportation Energy Telecom Geography Segment Industry 4 C R EAT I N G A WO R L D- C L A SS S US TA I NA B L E ORG A N I ZAT I ON 1. 6% annualized long term sales growth leveraging sustainable solutions, composites, healthcare and emerging regions 2. Deliver annual EBITDA and EPS growth of 10% and 15% 4. Continue fostering our Great Place to Work® culture Strategic ObjectivesStrategic Objectives Long Term Growth Rates Growth DriversGrowth Drivers $340 $455 $790 $1,135 2016 2018 2020 2023 $51 $84 $212 $645 2016 2018 2020 2023 $108 $113 $231 $230 2016 2018 2020 2023 $265 $358 $726 $725 2016 2018 2020 2023 8-12% 8-10% 8-10% 5% Sustainable Solutions Composites Healthcare Asia/Emerging Regions Profitable GrowthProfitable Growth Great Place to WorkGreat Place to Work 5.4% 10.9% 16.0% 2006 2014 2023 EBITDA Margins $0.14 $1.93 $2.36 2006 2014 2023 Adjusted EPS TO P- T IE R S US TA I NA B I L I TY PE R F OR MA N C E A N D R EC O G NI T I ON Industry Sustainability Standards ESG Ratings Performance 1 2 4 87th 94th percentile 5 Avient CDP Score: A- M AY 7 , 2 0 2 4 W E B C A S T P R E S E N TA T I O N 7 REGIONAL DEMAND TREND S-TOTA L COMPA NY Q 1 S A L E S V S P Y ( E X C L U D I N G F X ) 7 US & Canada Latin America EMEA Asia +2% -6% Flat +2% Avient ex.
https://www.avient.com/sites/default/files/2023-11/AVNT November IR Presentation.pdf
& Canada EMEA Asia Latin America 64% 36% Specialty Engineered Materials Color Additives and Inks 40% 37% 18% 5% 6% 8% 24% 20% 10% 15% 9% 4% 4% Defense Healthcare Packaging Consumer Building & Construction Industrial Transportation Energy Telecom Geography Segment Industry 4 CRE AT ING A WORL D-CL AS S S US TAINABL E ORGANIZ AT ION 1. 6% annualized long term sales growth leveraging sustainable solutions, composites, healthcare and emerging regions 2. Deliver annual EBITDA and EPS growth of 10% and 15% 4. Continue fostering our Great Place to Work® culture Strategic Objectives Long Term Growth Rates Growth Drivers $340 $455 $790 $1,120 2016 2018 2020 2023E $51 $84 $212 $650 2016 2018 2020 2023E $108 $113 $231 $230 2016 2018 2020 2023E $265 $358 $726 $730 2016 2018 2020 2023E 8-12% 8-10% 8-10% 5% Sustainable Solutions Composites Healthcare Asia/Emerging Regions Profitable Growth Great Place to Work 5.4% 10.9% 16.0% 2006 2014 2023E EBITDA Margins $0.14 $1.93 $2.30 2006 2014 2023E Adjusted EPS TOP -T IE R S US TAINABIL IT Y P E RF ORM ANCE AND RE COGNIT ION Industry Sustainability Standards ESG Ratings Performance 1 3 5 5 87th 94th percentile Innovation is the lifeblood of a specialty company.
https://www.avient.com/sites/default/files/2021-03/avient-march-ir-fermium_0.pdf
You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission. These investments also consider our global footprint, and we are positioned very well and strategically from a regional perspective. 8 Growth Drivers 2020 Revenue ($ Millions) Long-Term Growth Rate Sustainable Solutions $ 560 8–12% Healthcare 555 8–10% Composites / 5G 212 10% Growth in Emerging Regions 672 5% Other (GDP growth) 1,784 2–3% Pro Forma Avient $ 3,783 6.5% 2 0 2 0 P E R F O R M A N C E 2020 HIGHLIGHTS 10 • Completed transformational Clariant Masterbatch acquisition and created new brand name Avient • Increased pro forma adjusted EPS 11% from $1.74 to $1.93 as an essential supplier during the pandemic and due to growth in demand for consumer applications • Specialty Engineered Materials delivered record operating income on gains from composites • Achieved record free cash flow, increased dividend for 10th year in a row and delevered from 3.5x to 2.7x net debt to pro forma adjusted EBITDA • Culture is everything: Certified as a Great Place to Work® $133 $150 2019PF 2020PF 10% 23%8% 21% 4% 15% 2006 2020PF Healthcare Consumer Packaging Avient Portfolio Transformation 22% 59% CLARIANT MASTERBATCH: TRANSFORMATIONAL ACQUISITION 11 Clariant MB EBITDA Growth Purchase Price Multiple 10.8 9.6 6.5 2019PF 2020PF 2020PF w/ Full Synergies x x x • Acquisition of Clariant Masterbatch significantly expands presence in healthcare, packaging and consumer end markets • Strength of portfolio – 13% EBITDA growth as an essential supplier in COVID response and recovery • Acquisition completed on 2020年7月1日 for $1.4 billion. SEGMENT HIGHLIGHTS U.S. & Canada 50% EMEA 26% Asia 16% Latin America 8% 2020 SEGMENT, END MARKET AND GEOGRAPHY 29 GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 23% Packaging 21%Industrial 15% Wire & Cable 6% Building & Construction 6% Electrical & Electronics 4% END MARKET REVENUE Transportation 10% Healthcare 15% All data reflects 2020 Pro forma for acquisition of the Clariant Masterbatch business. (1) The total company sales and EBITDA of $3,783M and $457M, respectively, include intercompany sales eliminations and corporate costs $2,043M $331M $709M $124M $1,110M $70M Sales EBITDA Distribution Specialty Engineered Materials Color Additives and Inks $457M$3,783M (1) Packaging 35% Consumer 23% Healthcare 8% Industrial 14% Building & Construction 8% Transportation 7% Wire & Cable 3% Electrical & Electronics 2% C O L O R , A D D I T I V E S & I N K S 2 0 2 0 P F R E V E N U E | $ 2 . 0 B I L L I O N US & Canada 31% EMEA 40% Asia 22% Latin America 7% END MARKET REGION 30 2020 figures Pro forma for acquisition of the Clariant Masterbatch business S P E C I A L T Y E N G I N E E R E D M A T E R I A L S Consumer 24% Healthcare 10% Packaging 6% Wire & Cable(1) 24% Electrical & Electronics 13% Transportation 11% Industrial 10% Building & Construction 2% 2 0 2 0 R E V E N U E | $ 7 0 9 M I L L I O N END MARKET US & Canada 58% EMEA 23% Asia 19% REGION 31 (1) Approximately 50% of Wire and Cable sales are associated with Fiber Optic Cabling D I S T R I B U T I O N 2 0 2 0 R E V E N U E | $ 1 . 1 B I L L I O N Healthcare 29% Consumer 25% Packaging 2% Industrial 20% Transportation 14% Electrical & Electronics 5% Building & Construction 4% Wire & Cable 1% US & Canada 82% Asia 3% Latin America 15% END MARKET REGION K E Y S U P P L I E R S 32 AMERICAS EMEA ASIA Consumer 26% Healthcare 19% Packaging 13% Industrial 16% Wire & Cable 7% Building & Construction 5% Electrical & Electronics 4% Packaging 34% Consumer 16%Healthcare 5% Industrial 17% Wire & Cable 10% Building & Construction 8% Electrical & Electronics 3% Packaging 32% Consumer 27% Healthcare 12% Industrial 6% Wire & Cable 6% Building & Construction 4% Electrical & Electronics 9% Transportation 10% Transportation 7% Transportation 4% 2020 figures Pro forma for acquisition of the Clariant Masterbatch business T O T A L C O M PA N Y R E G I O N A L S A L E S B Y E N D M A R K E T (58% of sales) (26% of sales) (16% of sales) 33
https://www.avient.com/sites/default/files/2024-03/QF-02 QMS Global Standard Response.PDF
We thank you for your understanding, and we look forward to serving your needs. 3 Table of contents A Message from our Global Quality Manager ...............................................................2 Avient Corporation: Overview ............................4 Avient Policy for Customer Audits ......................5 Management Responsibility ...............................6 Product Liability Insurance .............................6 Ethics - Code of Conduct.................................6 Modern Slavery Statement .............................6 Conflict Mineral Policy ....................................6 Technical Data Sheets.....................................6 Safety Data Sheets..........................................6 Regulatory Requests and Certificates (FDA certificate, Absence declaration, REACH, SDS) ........................................6 Safety Performance ........................................6 Environmental Performance...........................6 Energy Management ......................................6 Business Continuation Plan.............................6 Preventive - Predictive Maintenance..............6 Financial Report..............................................6 Quality Management..........................................7 3rd Party Certification ......................................7 Complaint Handling ........................................7 Continuous Improvement ...............................7 Traceability .....................................................7 Record Retention............................................7 IT Security.........................................................8 Firewall .........................................................8 Critical Data ..................................................8 IT Disaster Recovery .....................................8 IT Systems of Use Policy ...............................8 Annex 1 - Special dispositions related to ISO 13485 certification for Mevopur .......................9 Change control .............................................9 Validation .....................................................9 Control of documents and records ...............9 Supplier approval and supplier evaluation ...9 Traceability ...................................................9 Material management ..................................9 Release of finished products.........................9 Control of Non-conforming products, complaints handling, recall and CAPA..........9 Annex 2 – special dispositions related to ISO 22000 certification............................................10 Change..........................................................10 HACCP ..........................................................10 Control of documents and records ...............10 Material management ..................................10 Supplier approval and supplier evaluation ...10 Traceability ...................................................10 Release of finished products.........................10 Control of Non-conforming products, complaints handling, recall and CAPA..........10 4 Avient Corporation: Overview The Avient website is your home base for information about the company: https://www.avient.com/ To find our facility locations: https://www.avient.com/contact/global-directory-and-contacts For more information about our management systems certifications, including ISO, go to: https://www.avient.com/company/sustainability/environmental/global-iso-certificate-library Avient Governance (corporate policies and the Avient Code of Conduct): https://www.avient.com/investors/governance Financial reports: https://www.avient.com/investors Avient Sustainability Report: https://www.avient.com/company/sustainability https://www.avient.com/ https://www.avient.com/contact/global-directory-and-contacts https://www.avient.com/company/sustainability/environmental/global-iso-certificate-library https://www.avient.com/investors/governance https://www.avient.com/investors https://www.avient.com/company/sustainability 5 Avient Policy for Customer Audits Avient may permit audits of facilities, subject to: Advanced notice and an audit agenda provided at least thirty (30) days in advance or as agreed by the Avient location to be audited for a routine audit https://www.avient.com/company/policies-and-governance/it-systems-use-policy 9 10 Annex 1 - ISO 13485 certification for Mevopur manufacturing sites North America & EMEA. Validation Avient Colorants Sweden AB and Avient Colorants Lewiston, ME follow the Global Harmonization Task Force guideline GHTF/SG3/N99-10 to define the procedure for process validation.
https://www.avient.com/sites/default/files/2024-10/2024 AVNT Q3 Webcast Slides w appendix and non-GAAP.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: • Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; • The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; • Disruptions or inefficiencies in our supply chain, logistics, or operations; • Changes in laws and regulations in jurisdictions where we conduct business, including with respect to plastics and climate change; • Fluctuations in raw material prices, quality and supply, and in energy prices and supply; • Demand for our products and services; • Production outages or material costs associated with scheduled or unscheduled maintenance programs; • Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; • Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; • Information systems failures and cyberattacks; • Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; • Our ability to achieve strategic objectives and successfully integrate acquisitions, including the implementation of a cloud-based enterprise resource planning system, S/4HANA; • Other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, geopolitical conflicts and any recessionary conditions; and • Other factors described in our Annual Report on Form 10-K for the year ended 2023年12月31日 under Item 1A, “Risk Factors.”You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission. FX +8.5% FX -0.4% Total Avient +8.1% Note: Regional Sales Percentages exclude impact of foreign exchange COLOR, ADDITIVES & INKS SEGMENT ( Q 3 2 0 2 4 P E R F O R M A N C E V S Q 3 2 0 2 3 ) $487 $522 Q3 23 Q3 24 $89 $97 Q3 23 Q3 24 Sales Adjusted EBITDA (in millions) (in millions) Sales Adjusted EBITDA 7 + 7% (+8% excluding FX) + 9% (+11% excluding FX) 18.3% +40 bps *18.7% * * Adjusted EBITDA Margin % • Sales growth driven by winning new product specifications in consumer & packaging, strong underlying demand in healthcare and improving demand in building & construction • Favorable mix and raw material deflation contributed to EBITDA margin expansion SPECIALTY ENGINEERED MATERIALS SEGMENT ( Q 3 2 0 2 4 P E R F O R M A N C E V S Q 3 2 0 2 3 ) $268 $295 Q3 23 Q3 24 $51 $57 Q3 23 Q3 24 Sales Adjusted EBITDA (in millions) (in millions) Sales Adjusted EBITDA 8 • Sales growth driven by restocking in healthcare & consumer end markets and strong underlying demand for composite applications used in building & construction, energy and defense end markets • Favorable mix contributed to EBITDA margin expansion + 10% (+10% excluding FX) + 12% (+13% excluding FX) 19.0% +40 bps *19.4% * * Adjusted EBITDA Margin % 2 0 2 4 G U I D A N C E FY 20 24 GUIDA NC E Previous (Aug 6) Current Adjusted EPS $2.55 to $2.70 $2.63 to $2.67 Adjusted EBITDA $515 to $540 million $525 to $530 million Interest Expense $105 million $104 million Adjusted Effective Tax Rate 23% to 25% 23% to 25% Capital Expenditures & Investment in S/4 Hana ~$140 million ~$140 million 10 11 • Investor Day to be held 2024年12月4日 at the NYSE, beginning at 10AM • The focus will be to do a deep dive on the Company’s strategy • Registration and microsite will be available in early November 20 24 AVI ENT INVESTOR DAY A P P E N D I X 18 Performance Additives 15% Pigments 13% TiO2 9% Dyestuffs 2% Polyethylene 10%Nylon 5% Polypropylene 4% Styrenic Block Copolymer 4% Other Raw Materials 38% ~40% hydrocarbon based (Grey shaded materials are hydrocarbon based, includes portion of “Other Raw Materials”) Non-hydrocarbon based materials RA W MATERI AL BA SKET SEGMENT DATA U.S. & Canada 41% EMEA 36% Asia 18% Latin America 5% 2023 SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 19% Packaging 23%Industrial 16% Building and Construction 9% Telecommunications 4% Energy 5% Defense 7% END MARKET REVENUE $2,007M $358M $1,138M $224M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $502M$3,143M (1) Transportation 10% Healthcare 7% 20 (1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs 2 0 2 3 R E V E N U E | $ 2 . 0 B I L L I O N US & Canada 34% EMEA 37% Asia 21% Latin America 8% END MARKET REGION 21 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 9% Building & Construction 10% Telecommunications 1% Energy 2% COLOR , AD DI TI VES & INKS 2 0 2 3 R E V E N U E | $ 1 . 1 B I L L I O N US & Canada 52% EMEA 35% Asia 13% 22 Packaging 5% Consumer 16% Healthcare 6%Industrial 16% Transportation 12% Telecommunications 9% Energy 10% Defense 18% Building & Construction 8% END MARKET REGION SPEC IA LTY ENGI NEER ED MATERI ALS Packaging 32% Consumer 26% Healthcare 9% Industrial 13% Building & Construction 6% Telecommunications 2% Energy 2% Defense 1% Asia (18% of sales) Transportation 9% 2 0 2 3 AV I E N T R E G I O N A L S A L E S Packaging 25% Consumer 13% Healthcare 5% Industrial 18% Building & Construction 9% Energy 5% Defense 8% EMEA (36% of sales)Transportation 13% Packaging 13% Consumer 22% Healthcare 10% Industrial 16% Building & Construction 12% Energy 6% Defense 8% US & Canada (41% of sales) Transportation 9% Packaging 59% Consumer 22% Healthcare 2% Industrial 8% Building & Construction 4% LATAM (5% of sales) Transportation 5% Telecommunications 4% Telecommunications 4% 23 B Y E N D M A R K E T 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/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission. Purchase price multiple rapidly declining on strength of business and synergy capture 10 $133 $205 2019PF 2021 10 Clariant Color EBITDA Growth Purchase Price Multiple 10.8x 7.0x 6.1x 2019PF 2021 2021 w/ Full Synergies (1) (1) 11.9% 16.2% 2019PF 2021 EBITDA Margins (1) CLARIANT COLOR: TRANSFORMATIONAL ACQUISITION ($ in millions) (1) Financial information is pro forma to include a full year of Clariant Color business ($ millions) Initial Synergy Estimate 2021 Synergy Realization Total Synergies Expected Administrative $ 18 $ 29 $ 40 Sourcing 24 20 24 Operational 18 5 21 Total Synergies $ 60 $ 54 $ 85 C L A R I A N T C O LO R I N T E G R AT I O N & C O S T S Y N ERG I E S U PDATE 11 • Integration going extremely well: synergy target increased to $85 million at December 9th Investor Day • Relentless focus on guiding principles of safety first, employee collaboration and exceeding customer expectations • Future revenue synergies are not part of these estimates and represent additional growth over the long term S U S TA I NA B I L I T Y F O R A B ET T E R TO M O R ROW 12 • Revenue from sustainable solutions grew 16% in 2021 and expected to grow 8-12% in 2022 as our innovation efforts and collaboration with customers accelerates • Investments centered around innovation and global sustainability megatrends o Enabling a circular economy – Technologies that allow for increased use of post-consumer recycled (PCR) material and improve recyclability of plastics o Light-weighting – Composites and CAI applications to reduce weight and material requirements, which minimize energy and carbon emissions o Eco-Conscious – Health and human safety applications as well as Avient’s alternative materials to replace lead, PVC, halogens, BPA and other less eco-friendly options 12 *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 12 2016 2017 2018 2019 2020PF** 2021 $405M $455M $550M $790M Revenue From Sustainable Solutions* 2016-2021 $915M $340M PEOPL E C U L T U R E I S E V E R Y T H I N G Community Service 7x Safer than Industry Average World-Class Safety Leadership Development Over $16 million raised since 2010 Diversity & Inclusion 13 Q4 2020 $997 $80 Sustainable Solutions 23 12% 8 Healthcare 53 43% 9 Composites 7 22% 2 Growth in Asia / LATAM 14 10% 3 Other 118 23% 2 Sub-total $1,212 22% $104 Wage Inflation and Overtime (11) Other Supply Chain Costs (4) Synergies 9 Incentives, FX, Other Employee Costs (10) (13) Q4 2021 $1,202 21% $85 Q4 2021 SALES AND OPERATING INCOME ( T O TA L C O M PA N Y ) 14 Sales Growth Rate Adjusted Operating Income$ millions Adjusted EBITDA Q4 EBITDA BRIDGE 15 Price increases more than offsets raw material and supply chain impacts Q4 2020 $ 118 Demand - $ millions CAI: Price / Mix 62 Inflation (45) SEM: Price / Mix 25 Inflation (20) Distribution: Price / Mix 114 Inflation (109) Net Price Benefit 27 Wage Inflation and Overtime (11) Other Supply Chain Costs (4) Synergies 9 Incentives, FX, Other Employee Costs (13) Q4 2021 $ 126 Transportation (5)$ Outdoor High Performance (3) Other 8 Total Demand - Q4 2021 SEGMENT PERFORMANCE 16 CAI $526 $581 Sales ($ in millions) SEM Distribution $58 $61 Operating Income + 11% + 6% $305 $425 Sales $18 $22 Operating Income + 39% + 22% (1) $191 $228 Sales $30 $29 Operating Income + 19% - 3% 2 0 2 2 O U T L O O K REVENUE GROWTH DRIVERS Growth Drivers Long-Term Growth Rate 2022E Growth Rate Sustainable Solutions 8–12% 12% Healthcare 8–10% 10% Composites 10% 3% Asia / LATAM 5% 6% Other (GDP growth) 2–3% 2–3% Avient 6.5% 6% 18 Excluding Outdoor High Performance 13% (7.5% excl. Over the last 10 years, our multiple has expanded as we have progressed in our portfolio transformation.
https://www.avient.com/sites/default/files/2022-08/AVNT Aug 2022 Presentation - Jefferies.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: • Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; • The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; • The current and potential future impact of the COVID-19 pandemic on our business, results of operations, financial position or cash flows, including without any limitation, any supply chain and logistics issues; • Changes in polymer consumption growth rates and laws and regulations regarding plastics in jurisdictions where we conduct business; • Fluctuations in raw material prices, quality and supply, and in energy prices and supply; • Production outages or material costs associated with scheduled or unscheduled maintenance programs; • Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; • Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; • Information systems failures and cyberattacks; • Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; • Any material adverse changes in the equity and assets of Koninklijke DSM N.V.’s protective materials business (“the Dyneema Business”); • Our ability to achieve the strategic and other objectives relating to the acquisition of the Dyneema Business and the possible sale of the Distribution business segment; and • Other factors described in our Annual Report on Form 10-K for the year ended 2021年12月31日 and our Quarterly Report on Form 10-Q for the quarterly period ended 2022年3月31日 under Item 1A, “Risk Factors.”W H AT W E D O : M AT E R I A L S C I E N C E 5 CUSTOM FORMULATION SUSTAINABILITY FOR A BETTER TOMORROW Revenue From Sustainable Solutions* 2016-2021 $310 205 140 80 75 45 40 20 $915M2021 Sales ($ in millions) *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 Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12% 6 S E C O N D Q U A R T E R 2 0 2 2 R E S U L T S $122 $134 2021 2022 $0.87 $0.98 2021 2022 Q2 2022 PERFORMANCE ( T O TA L C O M PA N Y ) 8 Sales Adjusted Operating Income $1,235 $1,302 2021 2022 + 5% Adjusted EPS + 10% + 13% (in millions) (in millions) (+ 10% excluding FX) (+ 16% excluding FX) (+ 20% excluding FX) Q2 2022 SEGMENT PERFORMANCE 9 CAI $624 $649 Sales ($ in millions) SEM Distribution $86 $94 Operating Income + 4% + 9% $404 $443 Sales $24 $27 Operating Income + 10% + 13% (1) $241 $244 Sales $37 $37 Operating Income + 1% Flat (+ 10% excluding FX) (+ 16% excluding FX) (+ 6% excluding FX) (+ 3% excluding FX) Q2 2021 $1,235 $122 Sustainable Solutions 17 7% 7 Healthcare 23 14% 5 Composites (ex Outdoor High Performance) 10 20% 4 Growth in Asia / LATAM 5 3% 1 Other 69 11% 5 Sub-total $1,359 10% $144 Outdoor High Performance Impact (9) (5) Wage Inflation and Overtime (7) Other Supply Chain Costs (2) Clariant Color Integration Synergies 7 Incentives, Other Employee Costs 4 FX (48) (7) Q2 2022 $1,302 5% $134 Q2 2022 SALES AND OPERATING INCOME ( T O TA L C O M PA N Y ) 10 Sales Growth Rate Adjusted Operating Income$ millions Adjusted EBITDA Q2 EBITDA BRIDGE 11 Price increases more than offsets raw material and supply chain impacts Q2 2021 $ 159 Demand (29) $ millions CAI: Price / Mix 87 Inflation (58) SEM: Price / Mix 36 Inflation (24) Distribution: Price / Mix 45 Inflation (41) Net Price Benefit 45 Wage Inflation and Overtime (7) Other Supply Chain Costs (2) Clariant Color Integration Synergies 7 Incentives, Other Employee Costs 4 FX (7) Q2 2022 $ 170 China Lockdowns / Russia Impact $ (14) Outdoor High Performance (5) Transportation (5) 12 Q2 '21 Adjusted EPS 0.87$ Color, Additives and Inks 0.11 Specialty Engineered Materials 0.01 Distribution 0.03 Corporate Costs 0.01 F/X (0.05) Segment OI 0.11$ Interest Expense 0.03 Tax Rate (0.03) Q2 '22 Adjusted EPS 0.98$ Q2 EPS BRIDGE Key Updates • Provided progress on 2030 Sustainability Goals • Emphasized commitment to U.N. EPS (ex Amort) 3.96$ 0.13$ 4.09$ (0.58)$ 3.51$ Pro Forma Leverage (12/31/2022E) Net Debt / Adjusted EBITDA 1.6x 3.4x 2.8x Forecast Dyneema Forecast + Dyneema Sale of Distribution Pro Forma 2022 TWO-YEAR LEVERAGE MODEL 20 3.5x 2.7x 1.6x 2.8x 2.4x 2.0x 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) OUR SPECIALTY JOURNEY CONTINUES 21 • Dyneema® brings leading technology and brand with the World’s Strongest Fiber™, deep history of application development and strong management team focused on specialty applications • Dyneema® transaction is aligned with our previously stated acquisition goal of expanding our composites and fiber capabilities • Similar to our other technology expansion acquisitions, Dyneema® allows us to leverage our invest-to-grow strategy • The possible sale of our Distribution business also presents potential benefits with respect to leverage and EBITDA margins 7% 46% 66% 86% 100% 0% 20% 40% 60% 80% 100% 2005 2010 2015 2021 2022 PF % o f A dj us te d E B IT D A (1 ) JVs Distribution Performance Products & Solutions Specialty (1) Adjusted EBITDA is EBITDA excluding corporate costs and special items (2) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution (2) Healthcare 4% Packaging 8% Consumer 10% Building & Construction 43% Industrial 15% Transportation 14% Energy 4% Telecom. 2% 2006 2022 Pro forma Healthcare 8% Packaging 23% Consumer 21% Building & Construction 10% Industrial 15% Transportation 9% Energy 4% Telecom. 4% Defense 6% END MARKET TRANSFORMATION TO LESS CYCLICAL INDUSTRIES ( W I T H D Y N E E M A , E X .
https://www.avient.com/sites/default/files/2024-12/ISO9001 2015 Certificate for Shenzhen Plant%282024-2027%29.pdf
MSC Certificate Place and date: For the issuing office: Shanghai, 10 October 2024 DNV - Business Assurance Building 9, No. 1591 Hongqiao Road, Changning District, Shanghai, China 200336 Zhu Hai Ming Management Representative Lack of fulfilment of conditions as set out in the Certification Agreement may render this Certificate invalid. No. 1, Qihang Industry Park, Haoxiang Road, Shajing Town, Baoan, Shenzhen, Guangdong, China 518104 has been found to conform to the Quality Management System standard: GB/T 19001-2016 / ISO 9001:2015 This certificate is valid for the following scope: Development and Manufacture of Masterbatch, Pigment Concentration, Plastisol; Manufacture of Plastic Compounding Material http://www.dnv.com/assurance 证书制作地点及日期: 证书认可签发机构: 上海, 2024年10月 10日 DNV - Business Assurance 中国上海市长宁区虹桥路1591号9号楼A座 邮编: 200336 电话: +86 21 32799000 朱海明 管理代表 未履行认证协议中规定条款会导致此证书失效,获证组织必须定期接受监督审核并经审核合格此证书方继续有效。