https://www.avient.com/sites/default/files/2020-11/gls-tpes-soft-touch-selection-guide.pdf
GENERAL PURPOSE GLS TPES FOR PACKAGING SOFT TOUCH GRIPS BONDING TO POLAR SUBSTRATES GENERAL PURPOSE GLS TPES FOR PACKAGING SOFT TOUCH GRIPS BONDING TO NON POLAR SUBSTRATES Dynaflex™ G2711 Dynaflex™ G2780 Dynaflex™ G6713 Dynaflex™ G7960 Versalloy™ XL9045 Versaflex™ CL40 Aesthetics Grippy, 43A Low tack, 84A Extra soft, 13A Rubbery, 60A & opaque Matte, 45A & natural Grippy, 40A & water clear Special Characteristics Grippy medical grade PP & PE OM Extra soft General purpose High flow & fast setup Water clear Regulatory FDA, EU & USP VI FDA FDA & EU FDA FDA FDA & EU Overmolding Polypropylene Polypropylene & Polyethylene Polypropylene Polypropylene Polypropylene Polypropylene Versaflex™ CL 2250 Versaflex™ OM 3060 Versaflex™ CE 3120-65 Versaflex™ CE 3620 Versollan™ RU 2205 Aesthetics Grippy, 50A & clear Grippy, 59A & clear Silky feel, 65A Silky feel, 65A Grippy, 65A Special Characteristics Clear overmold Clear overmold Abrasion resistance & high strength Low compression set & high flow Abrasion resistance & high strength Regulatory FDA & USP VI FDA & USP VI UL 94 FDA & ISO 10993-10 — Overmolding Polycarbonate Polycarbonate & ABS Polycarbonate, ABS, Copolyester & Nylon 12 Polycarbonate, ABS, Copolyester & Nylon 12 1.844.4AVIENT www.avient.com Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2023-09/Avient Sustainability Day 2023 - Website %289.19%29.pdf
CAFE: Corporate Average Fuel Economy >50% Improvement REDUCE – TAKEAWAY Reducing Energy Consumption and Dependence on Fossil Fuels Drives Growth Projections Examples Covered 45% Other Applications 2022PF $310M 38 46 CAFE1 Miles Per Gallon Proposed Requirements HOW WE ENABLE SUSTAINABILITY Preserve Woon Keat Moh Senior Vice President, President of Color, Additives and Inks – Americas and Asia Avient Corporation 61 PRESERVE Avient Corporation 62 • Preserving Key Natural Resources - Companies are being challenged to mitigate high environmental impact processes such as water-intensive textile dyeing or food spoilage • Incorporating Renewable Materials - Adoption of bio-based raw materials requires design and formulation expertise to overcome performance shortcomings of neat resins • Increasing Healthcare Regulations - Utilizing sustainable materials in healthcare applications requires considerable support in navigating complex regulatory requirements • Increasing Regulatory Compliance - Non-Intentionally Added Substances (NIAS) need to be controlled in sensitive applications • Enabling Faster and More Reliable Connectivity – Substantial investments in 5G infrastructure are required to unlock the potential of the Internet of Things Solutions to preserve and protect natural resources & human life Avient Corporation 63 Spin Dyed Precolor Textile Yarn Renol™ Spin Dyeing Colorants • Replaces water-based dye processes to reduce waste creation • Conserves water and energy LESS WATER PROTECTIVE DENIM Dyneema® Workwear Solutions • Improves tear resistance 50-100% • More protective than competitive alternatives • Enables the amount of protective fiber to be reduced without sacrificing performance 600% IMPROVED ABRASION RESISTANCE Clothing & Textiles 2022 Revenue: $49M Avient Corporation 64 Low Cure Textile Inks Avient Specialty Inks™ Low Cure Inks • Decreases energy consumption • Reduces scrap due to heat-related defects SAVES ENERGY Clothing & Textiles 2022 Revenue: $40M BIO-BASED FORMULATIONS Water Based Textile Inks Zodiac™ Aquarius™ Specialty Inks • Incorporates bio-based materials • Non-formaldehyde solutions available • Reduces waste by enabling high open screen time Avient Corporation 65 Mosquito Netting Cesa™ Fiber Anti-Mosquito Additives • Helps control malaria • Protects consistently using a controlled release of insecticide • Expands access to healthcare breakthroughs to global communities ANNUAL NEW MALARIA CASES 200 Million Antimicrobial Protection Cesa™ WithStand™ Antimicrobial Additives • Reduces microbial / mold growth • Helps reduce odor, staining, discoloration • Excellent comfort and wearability • Chemical resistance - will not discolor or degrade REDUCES MICROBES 2022 Revenue: $5M Avient Corporation 66 Cut-Resistant Gloves Dyneema® Solutions • Incorporates bio-based materials • Reduces carbon emissions • Excellent wearability / comfort WORK INJURIES REDUCES Rescue Rope Dyneema® Solutions • Superior strength-to-weight ratio • High break load • Extraordinary reliability SAVES LIVES 2022 Revenue: $106M Body Armor Dyneema® Protective Solutions • Exceptional trauma protection • Excellent wearability LIGHTER THAN ARAMID FIBER 35% Avient Corporation 67 BIO-DERIVED Pharmaceutical Tubing Versaflex™ Healthcare Pharma Tubing Formulations NEU™ Specialty Engineered Materials • Facilitates incorporation of sustainable materials with healthcare device manufacturers • Eliminates vulcanization processes Medical 2022 Revenue: $40M NON-PHTHALATE Respiratory Conduit Versaflex™ Healthcare Corrugated Tubing Formulations • Non-Phthalate • ISO 10993 & USP Class VI compliant Avient Corporation 68 UP TO BIO-BASED CARRIER Medical Devices Mevopur™ Bio-Based Colorants • Minimizes risk through pre-testing • Provides vital regulatory compliance • Minimizes global supply chain risk with validated backup supply Continuous Glucose Monitoring and Auto Injectors Trilliant™ Healthcare Polymer Solutions • Impact performance • Chemical resistance ENABLES HOME CARE Medical 2022 Revenue: $16M Avient Corporation 69 Fiber Optic Cable and Jacketing Fiber-Line™ Optical Fiber Cable Components • Reduction in weight & energy usage • Thermal and abrasion resistant • Extends product life ENABLES CONNECTIVITY Cable Micromodules ECCOH™ Low Smoke Formulations • Non-halogen • Low smoke and toxicity SUPPORTS SUSTAINABLE INFRASTRUCTURE Base Station Components Edgetek™ Low-Density Formulations • Low density – lighter weight • Low warpage & thermal conductivity EXTENDS PRODUCT LIFE Antenna Components PREPERM™ Low Loss Dielectric Formulations • Replaces costly ceramics • Consistent and efficient antenna performance ENHANCES PERFORMANCE 5G Infrastructure 2022 Revenue: $39M Avient Corporation 70 “Nike has partnered with Avient extensively over the years because of their leadership in eco-friendly screen printing inks.”Per Carlsson, Manufacturing and Operations Avient Corporation 71 80 2022 2030 Medical Plastics Market Size PRESERVE – TAKEAWAY Protecting Human Life and Enabling Connectivity Drives Growth Projections Examples Covered 56% Other Applications 44% 2022 $525M (in $ Bi lli s) 8% CAGR 34% CAGR 5G Infrastructure Market Size 12 92 10 70 80 2023 2024 2025 2026 2027 2028 2029 2030 (in $ Bi lli s) Source: Grand View Research Source: Global Data Summary Senior Vice President and Chief Financial Officer Avient Corporation 72 OUR SUSTAINABILITY REPORT Avient Corporation 73 Avient Corporation 74 2030 SUSTAINABILITY GOALS Avient Corporation 75 PERFORMANCE AND RECOGNITION 1 2 5 ESG Ratings Performance ESG Awards and Certifications top 13% 94th percentile Avient Corporation 76 SUSTAINABILITY INNOVATION AWARDS Ultra-Low Carbon Footprint TPE Innovation Award, Finalist: PCR Colorants + Additives Sustainable Packaging Innovation, Finalist: U.S. Plastics Pact Post-Consumer Recycle (PCR) Color Predictive Tool Innovation Award, Winner: Product Technology Innovation, Winner: Plastics Recycling Awards Europe 2023 Additive for Enhanced Recycling Innovation Award, Finalist: Product Technology Innovation, Finalist: Plastics Recycling Awards Europe 2023 Service Innovation Enables Quality Recycle Product Innovation Enables PCR Claims + Low CO2 Product Innovation Protects Quality Recycle …are Growing at Twice the Rate as Conventional ProductsSustainably-Branded Products… Consumers Are demanding recyclability and eco- conscious products Governments Are mandating changes through legislation, taxes, and regional accords STAKEHOLDER INFLUENCE DRIVES DEMAND For Sustainable Products From Sustainable Companies Brand Owners Have committed to ambitious goals to achieve sustainability metrics Avient Corporation 77 Avient Corporation 78 SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH 8-12% Long Term Growth 18 46 2023 2032 Global Offshore Annual Wind Installations (in Gigawatts) 2022 2030 Medical Plastics Market Size (in $Billions) 12% CAGR 3% CAGR Recycled Virgin Growing Demand for Recycled Content Avient Sustainable Solutions 11% CAGR 8% CAGR Sources: McKinsey, Bloomberg, Grand View Research Avient Corporation 79 Increasing the use of recycled content Reducing weight to lower fuel consumption 2022 SALESDESCRIPTION $340M $310M $525M OUTCOMES Enabling customers to advance the circular economy Shrinking carbon footprint and decreasing emissions Making our planet a better place for all Using fewer natural resources; protecting human life $1,175MTOTAL SALES SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH AVIENT IS WELL-POSITIONED A Clean House Avient holds leading ratings on ESG matters of importance to customers, countries, and key stakeholders Leading Portfolio Our formulation expertise and materials are meeting the unique sustainability needs of our customers around the world in endless applications 8-12% Long-Term Growth RateAvient’s Sustainable Solutions Investing in Innovation 85% of our opportunity funnel is directed at sustainable solutions addressing unmet customer needs Avient Corporation 80 Avient Corporation 81 ADJUSTED EBITDA MARGIN EXPANSION • Transformative acquisitions combined with divestitures of more cyclical businesses have improved margins over 400 bps since 2018 • 20% long-term margin goal to be driven by key growth drivers, with sustainable solutions playing a meaningful role 5.4% 11.5% 16.0% 17.3% 20% 20.0% 2006 2018 2023E Recovery Growth Drivers Strategic Objective 20%+ +1%+ +3%+ Community Service 7x Safer than Industry Average World-Class Safety Leadership Development Over $19 million raised since 2007 Diversity & Inclusion PEOPLE AND CULTURE Avient Corporation 82 Avient Corporation 83 • 6% annualized long-term sales growth leveraging sustainable solutions, composites, healthcare, and emerging regions • Expand EBITDA margins to 20% • Deliver annual EBITDA and EPS growth of 10% and 15% • Maintain asset-light, 80% free cash flow conversion profile and be valued as a specialty formulator • Continue fostering our Great Place to Work® culture LONG-TERM OBJECTIVES Avient Corporation 84 Wrap Up and Q + A Chairman, President, and Chief Executive Officer Avient Corporation 85 Investor Deck_9_19_23 v4_WEBSITE_GAAP.pdf 2023 SR Non-GAAP Rec v3
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
We also provide custom- formulated liquid systems that meet a variety of customer needs and chemistries, including vinyl, natural rubber and latex, polyurethane and silicone. The Geon business delivers an array of products and services for vinyl molding and extrusion processors located in North America and Asia. The Geon business delivers an array of products and services for vinyl molding and extrusion processors located in North America and Asia.
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
We also provide custom-formulated liquid systems that meet a variety of customer needs and chemistries, including vinyl, natural rubber and latex, polyurethane and silicone. The Geon business delivers an array of products and services for vinyl molding and extrusion processors located in North America and Asia. The Geon business delivers an array of products and services for 74 POLYONE CORPORATION vinyl molding and extrusion processors located in North America and Asia.
https://www.avient.com/news/avient-highlight-achievements-global-growth-latest-innovations-plastindia-2023
Once completed, the site will host a fully functional physical testing lab, a sophisticated analytical lab, a wet chemistry facility, and dedicated process capabilities, including multi-scale twin-screw extruders, reactive extrusion, and various injection molding machines.
https://www.avient.com/sites/default/files/2021-01/eccoh-cpr-product-bulletin.pdf
With cable design at the forefront of any material recommendation, Avient provides a range of additional technical services including extrusion simulation, in order to more fully understand a cable’s design before providing fine-tuned recommendations to help customers comply with the criteria for the applicable CPR Euroclass designation.
https://www.avient.com/sites/default/files/2020-08/eccoh-cpr-product-bulletin.pdf
With cable design at the forefront of any material recommendation, Avient provides a range of additional technical services including extrusion simulation, in order to more fully understand a cable’s design before providing fine-tuned recommendations to help customers comply with the criteria for the applicable CPR Euroclass designation.
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
Post-consumer recycled content as percentage of total plastic packaging volume, by weightAvient Corporation 36 37Avient Corporation T O P 5 G A P S T H A T W E A R E A D D R E S S I N G 2: DECONTAMINATION1: COLOR MANAGEMENT 3: MAINTAINING MECHANICAL PROPERTIES 4: MONO-MATERIAL CONSTRUCTION 5: CONSISTENT RECYCLED MATERIAL QUALITY Improving the Use of Recycled Content Avient Corporation 38 39Avient CORPORATION • Inconsistent base color of recycled materials • Lightest color recycled material in high demand for all applications ($$) • Even with clear/transparent materials, color degrades over repeated processing • OpticaTM Toners and Super-concentrated colorants to reduce and mask recycled material discoloration • SmartHeatTM reduces heat history to minimize yellowing • Color Simulation Tool to assist with color space design • Stabilization of color fluctuation driven by variable recycled polymer • In-line color correction to optimize customer manufacturing efficiency RECYCLE COLOR QUALITY RANGE Avient Corporation 39 1: Color Management Recycled Material Restricts Color Options With virgin material, we can design across a broad color spectrum The darker the recycled materials, the more color design freedom is restricted This bright yellow is not achievable with high concentrations of dark recycled materials Avient can provide customer guidance on maximum recycle content possible and color concentration required to achieve desired color Avient Corporation 40 Case Study with Brand Owner Recycled Resin = Discolored Base Virgin Resin = Clean Color Base Degree of base discoloration limits recycle content Avient Corporation 41 The Plus Factor Opportunity I N C R E A S E D U S E O F R E C Y C L E D M A T E R I A L R E Q U I R E S M O R E C O L O R A N T A N D A D D I T I V E S Avient Corporation 42 $100M + 2: Decontamination Recycled material feedstocks are contaminated • Feedstock variability supplies the recycle process • Insufficient washing at recycler • Residual labels and printing inks cause quality and NIAS issues • Unpleasant recycled material odor (in processing and the final application) • Clean, food grade, recycled material availability in high demand • Reliable decontamination to reduce NIAS concerns • Full odor removal • CESATM Laser Marking to eliminate contaminating printing inks, labels and glue • AAzureTM process aids and scavengers to enable food and beverage taste purity in PET packaging • ProsureTM range of formulations to enable NIAS compliance and security (customer peace of mind) NIAS = Non Intentionally Added Substances Avient Corporation 43 44 3: Maintaining Mechanical Properties • Mechanical properties of recycled materials degrade after multiple heat cycles • Today's recycling protocols only focus on one recycle loop…in reality, there will be several • Legislation and brand owners are targeting higher recycled material ratio incorporation and full circularity • Polymer quality stability over multiple loops to deliver circular recyclability • Stress cracking of recycled bottles • Upgrading performance of lower quality recycled materials • Specification and guided selection amongst highly variable recycled materials • CESATM antioxidants and process aids to enhance physical properties • SmartHeatTM reduces heat history to minimize yellowing • rePrize™ for PET polymer chain repair and extension Avient Corporation 44 Multi-material packaging is harder to recycle • Contamination of polymer streams • Issues in sorting • Issues in separation • Trend is to restrict multi-material systems in favor of mono-material constructions • Improve recyclability of PET gas barriers • Barrier system development for Polyolefins • Recyclable barrier systems for film and sheet • Portfolio of compatibilizers to enable multilayer constructions • AmosorbTM to extend beverage shelf life by scavenging oxygen through the bottle wall • CaptureTM to extend product shelf life through oxygen scavenging but without contaminating the bottle • Lactra SX TM to prevent light-induced oxidation in liquid dairy products stored at higher temperatures Avient Corporation 45 4: Mono-Material Construction 46 Brand Owners require a consistent brand identity • Inconsistent quality streams pose a challenge to delivering homogeneous product quality and aesthetics to the consumer • Brands demand recycled content, but with color/property consistency • Recyclers are challenged to fulfill needs from brand owners and convertors • Specification and selection of recycled material grades for targeted applications • Simulation of recycled material performance in the end-use application • Leverage re-formulation expertise to provide a consistent packaging product (color and mechanical properties) Our Service and Color Expertise differentiate Avient and allow us to support customers throughout the entire design process • Design for use: Color matching, Color design options • Recycle lot selection • Improving mechanical properties • Improving material processing Closer customer collaboration to support recycle efforts Avient Corporation 46 5: Consistent Recycle Material Quality 2016 2021E Growth in Sustainable Solutions *Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”) Revenue From Sustainable Solutions* Avient Corporation 47 Future Revenue Growth Assumptions 8-12% Avient Corporation 48 Cathy Dodd High-Impact, High-Growth Industry Medical Equipment / Devices 33% Drug Delivery 19% Medical Supplies 18% Labware Remote Monitoring $225 $380 $685 2010 2016 2021E Healthcare Submarkets (2021E) Track Record of Sales Growth Personal Wellness 3% Avient Corporation 49 Our Foundation W E A R E P O S I T I O N E D T O W I N Relationships Innovative Solutions Differentiated Services 50Avient Corporation Trends in Healthcare S H A P I N G I N N O V A T I O N & S O L U T I O N S Improved Wellness & Connectedness Globalization & Localization Increasing Life Expectancy Self Management & Self Administration Technology Driving Diagnostic & Remote Monitoring COVID-19 Protection Avient Corporation 51 • Deep, trusted customer relationships • Well-positioned and entrenched in the Healthcare supply chain • Broad & differentiated capabilities • Positioned to respond & execute quickly COVID - 19 Protection A V I E N T W A S S E T A N D R E A D Y Avient Corporation 52 Aging Population T R E A T I N G C H R O N I C C O N D I T I O N S Of the U.S. population is aged 65 or older… and this number is growing Suffer from one or more chronic health conditions Avient Corporation 53 Aging Population T R E A T I N G C H R O N I C C O N D I T I O N S Increasing Life Expectancy Cardiology • 47% of Americans having at least one of three major risk factors for heart disease Diabetes • 193 million people with Type 2 diabetes and will grow to 252 million by 2026 at a 5% CAGR Neurology • Neurological disorders are the second leading cause of death globally, second only to heart disease Avient Corporation 54 Connected Health E X P A N S I O N O F M E D I C A L W E A R A B L E D E V I C E S Improved Wellness & Connectedness • Flexible components to provide design aesthetics & proper functionality • Robust designs to meet regulatory requirements and perform over long product lifecycles • Patient comfort to promote ongoing use Avient Corporation 55 Remote Patient Monitoring T R A N S L A T I N G D E V I C E S F R O M H O S P I T A L S E T T I N G S T O H O M E Technology Driving Diagnostic & Remote Monitoring • Durable, chemically-resistant devices to withstand impact in a home environment and exposure to a variety of household cleaners • Miniaturization of devices to fit into limited space in the home, while maintaining maximum functionality • Innovative, user-friendly designs and long-term aesthetics to provide patients with easy-to-use, high-quality, attractive devices in the home Avient Corporation 56 Self Management & Self Administration E N A B L I N G P A T I E N T S T O M A N A G E H E A L T H Self Management & Self Administration • Combination of rigid & flexible materials to realize design potential and optimize device functionality • Superior chemical resistance to cleaners, disinfectants, hand oils, UV rays, and drugs to extend life of device • Reduced abrasion between mating components to ensure proper dosing • Regulatory-approved colorant and additives to provide branding and drug identification Avient Corporation 57 Trends are Shaping Innovation Professional / Clinic Patient / Home Avient Corporation 58 D I F F E R E N T I A T E D S E R V I C E • Global product development support from industrial design through engineering and product launch • Extensive material, manufacturing, industry and value chain knowledge • Human-centric design skill, aligning product innovations with ergonomic needs • Product tear-down capabilities to provide customers with product optimization and cost reduction insights • 3D-printed prototypes and samples to accelerate product development Avient Corporation 59 IDEAIDEA PROOF OF CONCEPT PROOF OF CONCEPT DESIGNDESIGN TOOLINGTOOLING EVALUATIONEVALUATION LAUNCH & DELIVERY LAUNCH & DELIVERY Accelerating Speed to Market with Avient design Avient Corporation 60 A U T O I N J E C T O R 61Avient Corporation 62 A U T O - I N J E C T O R T E A R - D O W N Defined haptics and soft touch Stringent regulatory requirements Drug contact, mechanical sensitivity for dosing accuracy Lasermarking and laserwelding compatible Strict change control 63 64 Easy to use Safe Quality Protect Ingredients Compliant Temperature Management 65 Medical Grade TPE Healthcare Colorants High-Density Polymer Laser weldable formulation Laser marking additives Lubricated polymers Easy to use Safe Quality Protect Ingredients Compliant Temperature Management 17,645 29,445 Source: BCC Research, Nov. 2020 (LBs millions) Healthcare Growth Outlook Avient Corporation 66 8-10% Future Revenue Growth AssumptionsMarket for Medical Plastics Break Avient Corporation 68 Chris Pederson $74 $84 $216 $212 $260 $5 $10 $32 $41 $50 10 40 50 60 70 2017 2018 2019 2020 2021E • Prior investments in composites platform and outdoor high performance applications continue to pay off driving substantial growth in 2021 • Composites will also drive our ability to deliver future revenue growth in excess of GDP Avient Corporation 69 Spotlight: Growth in Composites Composite Material Design Avient Corporation 70 Materials Structure Mfg ProcessPart Properties Lower weight Corrosion resistance Fatigue performance Tailor-ability Design flexibility Composite Material Forms Avient Corporation 71 Manufacturing Costs Continuous Fiber Thermosets Design Flexibility Continuous Fiber Thermosets Discontinuous Fiber Performance Performance Discontinuous Fiber Composites Portfolio D I V E R S E C A PA B I L I T I E S A N D S O L U T I O N S S E R V I N G M A N U FA C T U R E R S A N D O E M S LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers Avient Corporation 72 Powersports & Outdoor Gear B E N E F I T S O F C O M P O S I T E S STRUCTURAL COMPONENTS Material Replacement • Weight Reduction • Temperature Resistance • Impact Resistance BODY PANELS Paint Replacement • Weight Reduction • Scratch Resistance ADVENTURE GEAR Fatigue Resistance • Lightweight • Temperature Resistance • Impact Resistance Avient Corporation 73 Industrial & Energy B E N E F I T S O F C O M P O S I T E S HIGH PRESSURE PIPE Burst Strength • Corrosion Resistance • Lighter Weight GPS TRACKABLE PALLETS Weight Reduction • Increased Load • Stiffness POWER INFRASTUCTURE Corrosion Resistance • Electrical Insulation • Weight Reduction Avient Corporation 74 $31 $48 $66 $119 2009 2013 2017 2021E Avient Corporation 75 Spotlight: Growth at Fiber-Line Revenue • Fiber-Line business acquired on 2019年1月2日 for $120 million • Specialty portfolio of fiber-optic cable applications primarily serving telecommunications end-market • Deep formulation expertise, innovative culture and global commercial presence will accelerate growth related to 5G infrastructure build out Avient Corporation 76 5G Technology Matt Reinhardt Evolution of 5G M E E T I N G S I G N I F I C A N T L Y E X P A N D I N G C O N N E C T I V I T Y N E E D S Avient Corporation 77 How FAST IS 5G? Avient Corporation 104 Unprecedented Market Opportunity $3 Billion Market • 5G Infrastructure • Vehicle Electrification • IoT, Wearables • Home Health & Consumer Medical Devices Engineered Materials: Revolutionary Adaptation Source: Lux Research Inc., How can Avient “capture & create” value in this segment? Fiber Technology Avient Corporation 107 We are breaking ground on a new innovation center adjacent to our manufacturing facility in Pune • Focused on investments in both R&D resource additions and capital investments • Platform development in new disruptive markets to support core business and strategy ISHA Avient Manufacturing Site, Pune, India India Innovation Center Innovative Sustainable Holistic Accelerator (ISHA) Avient Corporation 108 2021E 2022E 2023E 2024E 2025E $1.1B $1.6B Growth Through Innovation Avient Corporation 109 Total CAI and SEMWorld-Class Vitality Index % of revenue from products launched last five years 35% Revenue from new products Summary Jamie Beggs Avient Corporation 110 $442 $457 $580 $1.74 $1.93 $3.00 Full Year 2019 – 2021 Organic Growth (TOTAL COMPANY) Sales Adjusted EBITDA $3,981 $3,783 $4,750 + 19% Adjusted EPS (1) Financial information is pro forma to include a full year of Clariant Color acquisition (in millions) (in millions) (1)(1) + 31% + 72% Avient Corporation 111 2021 Sales Growth Summary Key Growth Drivers Segments (1) Financial information is pro forma to include a full year of Clariant Color business acquisition Sales Growth 2020 Proforma 3,783$ Sustainable Solutions 140 18% Healthcare 150 31% Composites 44 33% Growth in Asia / LATAM 103 21% Other 530 28% 2021 Estimated 4,750$ 26% Sales Growth 2020 Proforma 3,783$ Color, Additives & Inks 330 16% Specialty Engineered Materials 195 28% Distribution 495 45% Corporate & Eliminations (53) 2021 Estimated 4,750$ 26% Avient Corporation 112 Year–to–date EBITDA Bridge 2020 September YTD $ 339 Demand 132 EBITDA($ millions) (1) Financial information is pro forma to include a full year of Clariant Color business acquisition CAI: Price / Mix 96 Inflation (74) SEM: Price / Mix 61 Inflation (45) Distribution: Price / Mix 204 Inflation (195) Net Price Benefit 47 Supply Chain Disruptions (38) COVID Response Applications (11) Synergies 34 Incentives, Travel, FX, Other (48) 2021 September YTD $ 455 • Demand driven by growth in sustainable solutions, healthcare and consumer applications • Price increases have more than covered raw material and freight inflation impacts of $300M year- to-date compared to 2020 • Synergy capture on pace to achieve $52M in annual savings in 2021 Avient Corporation 113 $1,110 $3,000 Return on Invested Capital Avient Corporation 114 Invested Capital 2006 Current 11% Cost of Capital ROIC (after-tax) 0.1 0.1 0.2 0.5 0.6 0.7 0.8 0.9 0.9 1.0 1.0 11 12 13 14 15 16 17 18 19 20 21 44% 98% YTD 5 - YR 10 - YR 0.16 0.20 0.26 0.34 0.42 0.50 0.58 0.72 0.79 0.81 0.85 0.95 11 12 13 14 15 16 17 18 19 20 21 22 2.1x Q4 NET LEVERAGE ~$1Bn REPURCHASED OVER LAST 10 YEARS ~$450MM PAID OVER LAST 11 YEARS Creating Value for Shareholders Avient Corporation 115 Share Performance Dividends Share Repurchases Deleveraging 3.5x 2.1x Growing Dividend Cumulative Buybacks Net Leverage $B $ p r sh ar Total Shareholder Return ~$4.3Bn MARKET CAP INCREASE OVER LAST 10 YEARS (1) Share performance includes reinvested dividends and is as of 2021年12月2日 (2) Financial information is pro forma to include a full year of Clariant Color acquisition (2) 528% Shaping a Sustainable Future… Avient Corporation 116 SUSTAINABLE SOLUTIONS $340 $930 2016 2021E Brand Owner Commitment 10 – 50 Percent of recycled plastic used 13% organic CAGR Avient Corporation 117 8-12% HEALTHCARE $225 $685 17,645 29,445 9% organic CAGR Source: BCC Research, Nov. 2020 11% CAGR Market for Medical Plastics (millions of LBs) Figures above include relevant Sustainable Solutions sales Avient Corporation 118 8-10% COMPOSITES $74 $260 2017 2021E 11% organic CAGR Figures above include relevant Sustainable Solutions sales Avient Corporation 119 5G Capacity and Demand Source: Mobile Experts: 5G Millimeter Wave 2019: ns e an C ap ac ity ( o. 10% CAGR ASIA AND LATIN AMERICA $210 $1,150 Weighted Avg.
https://www.avient.com/sites/default/files/2023-12/CAI W_C - Product Selection Guide EMEA_0.pdf
Crosslinking Agents Cesa™ Dry Silane Additives for Wire & Cable Silane cross-linking agents in solid form for use with extrusion equipment, for easy handling.
https://www.avient.com/sites/default/files/2021-04/additives-listing.pdf
IV BUILDERS FOR SHEET EXTRUSION Challenge: Melt viscosity is negatively impacted by multiple heat cycles.