https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
Unless otherwise stated, Adjusted Operating Income, Adjusted EBITDA and Adjusted EPS figures included in this presentation exclude the impact of special items as defined in our quarterly earnings releases. 2021 PE RF O RM AN CE $80 $85 $0.52 $0.58 Q4 2021 PERFORMANCE Sales Adjusted Operating Income $997 $1,202 + 21% Adjusted EPS + 6% + 12% (in millions) (in millions) $308 $429 $1.93 $3.05 FULL YEAR 2021 PERFORMANCE Sales Adjusted Operating Income $3,783 $4,819 + 27% Adjusted EPS + 39% + 58% (in millions) (in millions) (1) (1) (1) FULL YEAR 2021 SEGMENT PERFORMANCE 6 $2,043 $2,402 SEM Distribution $226 $303 + 18% + 34% $1,110 $1,631 $70 $93 + 47% + 33% $709 $919 $94 $132 + 30% + 40% Full Year 2020 (Pro forma) $3,783 $308 Sustainable Solutions 147 19% 60 Healthcare 143 28% 30 Composites 58 43% 29 Growth in Asia / LATAM 107 21% 26 Other 543 30% 58 Sub-total $4,781 26% $511 Wage Inflation and Overtime (39) Other Supply Chain Costs (15) COVID Response Applications (22) (12) Synergies 44 FX, Incentives, Other Employee Costs 60 (60) Full Year 2021 $4,819 27% $429 FULL YEAR 2021 SALES AND OPERATING INCOME Sales Growth Rate Operating Income$ millions 8 Full Year 2020 (Pro forma) $ 457 Demand 135 $ millions CAI: Price / Mix 158 Inflation (120) SEM: Price / Mix 84 Inflation (65) Distribution: Price / Mix 318 Inflation (304) Net Price Benefit 71 Wage Inflation and Overtime (39) Other Supply Chain Costs (15) COVID Response Applications (12) Synergies 44 Incentives, FX, Other Employee Costs (60) Full Year 2021 $ 581 • Demand impact driven by growth in key focus areas: sustainable solutions, healthcare, composites and growth in Asia / LATAM • Price increases more than offset raw material and supply chain impacts FULL YEAR 2021 EBITDA BRIDGE SPECIALTY EBITDA MARGIN EXPANSION 9 (1) 2018-2020 financial information is pro forma to include a full year of Clariant Color business 15.3% 15.2% 16.2% 17.0% 2018 2019 2020 2021 14.8% 15.2% 17.6% 17.8% 2018 2019 2020 2021 SEM • Record margins in 2021 despite unprecedented supply chain challenges • Continued portfolio transformation to high-growth end markets and sustainable solutions • Clariant Color synergy realization • Investments in composites and outdoor high performance applications drove growth and mix improvements • 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 2020年7月1日 for $1.45 billion. Purchase price multiple rapidly declining on strength of business and synergy capture 10 $133 $205 2019PF 2021 10 Clariant Color EBITDA Growth Purchase Price Multiple 10.8x 7.0x 6.1x 2019PF 2021 2021 w/ Full Synergies 11.9% 16.2% 2019PF 2021 EBITDA Margins CLARIANT COLOR: TRANSFORMATIONAL ACQUISITION (1) Financial information is pro forma to include a full year of Clariant Color business ($ 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 CLARIANT COLOR INTEGRATION & COST SYNERGIES UPDATE 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 SUSTAINABILITY FOR A BETTER TOMORROW • 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 *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 2016 2017 2018 2019 2020PF** 2021 $405M $455M $550M $790M Revenue From Sustainable Solutions* 2016-2021 $915M $340M PEOPLE 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% $85 Q4 2021 SALES AND OPERATING INCOME 14 Sales Growth Rate Operating Income$ millions 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 $526 $581 SEM Distribution $58 $61 + 11% + 6% $305 $425 $18 $22 + 39% + 22% $191 $228 $30 $29 + 19% - 3% 2022 O U TLO 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. APPENDIX Performance Additives 15% Pigments TiO2 Dyestuffs 3%Polyethylene Nylon 6% Polypropylene Other Raw Materials 30% Styrenic Block Copolymer ~40% hydrocarbon based (Grey shaded materials are hydrocarbon based, includes portion of “Other Raw Materials”) Non-hydrocarbon based materials 31 • Significant raw material price inflation and tight inventory continued in Q4 2021 o For the full year, the average cost of hydrocarbon based materials was up 50% in 2021 o For the full year, the average cost of non- hydrocarbon based materials was up 12% in 2021 • Additionally, we continued to experience other supply chain challenges during Q4 related to raw material spot purchases, freight constraints and productivity loss as a result of these shortages Annual Purchases RAW MATERIAL AND SUPPLY CHAIN UPDATE Based on 2021 purchases, excludes Distribution business SEGMENT DATA U.S. & Canada 50% Latin America 9% 2021 SEGMENT, END MARKET AND GEOGRAPHY 33 GEOGRAPHY REVENUESEGMENT FINANCIALS 23% 19% Building and END MARKET REVENUE (1) Total company sales and adjusted EBITDA of $4,819M and $581M, respectively, include intercompany sales eliminations and corporate costs $2,402M $409M $919M $164M $1,631M $94M Sales EBITDA Distribution Specialty Engineered Materials Color Additives and Inks $581M$4,819M 15% 34% 21% Building & 9% 1% Telecommunications C O L O R , A D D I T I V E S & I N K S 2021 REVENUE | $2 .4 BILL ION 32% 40% 21% Latin America END MARKET REGION 34 S P E C I A LT Y E N G I N E E R E D M AT E R I A L S 27% Building & 2021 REVENUE | $919 MILLION END MARKET 55% 20% REGION 35 DI S TR IBU T I ON 26% 23% 20% Building and 80% 3% Latin America END MARKET REGION K E Y S U P P L I ER S 2021 REVENUE | $1 .6 B ILL ION 36 TOTA L C O M PA N Y R E G I O N A L S A L E S BY END MARKET 30% 26%Healthcare 14% Building & 2% Energy (16% of sales) 32% Building & (25% of sales) 37 19% Building & US & Canada (50% of sales) 38% 33% Building & LATAM (9% of sales) 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/2023-01/Mevopur Healthcare Functional Additives_Laser Welding Additives for Medical Devices Application Bulletin.pdf
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2023-01/ECCOH XL Cross-Linkable Solutions _8001_ Product Bulletin.pdf
These include EN50363-5/BS7211– EI5 Insulation General Performance for Low Voltage Cable for Building and Construction, and IEC60092-360–HF 90 Insulation for Shipboard Cable. 1.844.4AVIENT www.avient.com Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2023-12/_ECCOH LSFOH 5983 Formulations Product Bulletin.pdf
MARKETS AND APPLICATIONS • Cable jackets for low and medium-voltage power cables with metal armoring, typically installed underground or where installation requires them to be bent • Armored cable applications that require compliance with LTS1 requirements as per the BS 7655-6.1 standard IMPACT • High environmental stress cracking resistance • High tear strength and elongation at break at temperatures ranging from -25°C to 90°C • Flame retardant performance • Limiting oxygen index (LOI) of 36% • Exceeds BS 7655-6.1:1997 standard criteria for LTS1–LTS4 for complex designs and armored cables PRODUCT BULLETIN Cable jacket liable to cracking Power Cable Cross Section Metal armoring 1.844.4AVIENT www.avient.com Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2023-10/Value Added Services Brochure.pdf
We’ll provide step-by-step guidance and expertise to get you to the solution you need. 1.844.4AVIENT www.avient.com Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2023-02/Gravi-Tech BIO Bio-Based Formulations Product Bulletin.pdf
KEY CHARACTERISTICS • Customized density offering a wide range of specific gravities (1.5–11 gm/cm3) • Formulated with partially bio-based resin from renewable plant sources • Broad modulus range, from very flexible to very rigid grades • Corrosion resistance that withstands oxidization for long-term use and benefit • Chemical resistance that can be adapted depending on base resin as required • Provides visual surface effects, aesthetics and cool touch • Design flexibility and processing ease • Food contact compliance available MARKETS AND APPLICATIONS Applications in packaging and consumer goods in which a more sustainable solution is preferred: • Cosmetic caps and closures • Perfume caps • Spirit bottle caps • Luxury boxes • Handles and knobs SUSTAINABILITY BENEFITS • Formulated with partially bio-based resin from renewable plant sources • Reduces waste and supports the circular economy • Reduces carbon footprint compared to fossil feedstock alternatives • Simplifies manufacturing and lowers cost versus metal PRODUCT BULLETIN CHARACTERISTICS UNITS Gravi-Tech BIO GT5200-5077 FD Natural Gravi-Tech BIO RS5200-5001 RS FD Natural Gravi-Tech BIO RS5200-5001 RS FD Natural X1 Gravi-Tech BIO GT5200-5003 Gravi-Tech BIO GT5200-5004 Gravi-Tech BIO GT5200-5002 Base Resin Bio-based PP Bio-based PP Bio-based PP Bio-based PP Bio-based PP Bio-based PP Recycled Content/Filler g/cm Mineral Mineral Mineral Metallic Metallic Metallic Density (ISO 1183) g/ccm 1.90 2.0 2.0 2.0 2.5 3.0 AVAILABLE GRADES Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2023-10/Nonwoven Colorants and Additives Brochure_A4.pdf
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2023-08/Swellcoat Yarns Product Bulletin.pdf
KEY FEATURES • Swellcoat can be applied to any yarn in fiber optic cable • Precision wound for optimal cable production speed • Single & dual ends available • Low dust • Replaces messy gels • High stability package allows for higher output FIBER-LINE™ FIBERS SUITABLE FOR WATER BLOCKING YARN • Para-Aramid • PET Polyester (standard, low, ultra low shrink) fiber • Liquid Crystal Polymer (LCP) • Fiberglass • Dyneema® Ultra-High Molecular Weight Polyethylene (UHMWPE) FIBER-LINE PERFORMANCE-ADDITIVE COATINGS • Swellcoat Coatings: water absorbing protection • Swellcoat Blocker: blocks water migration • Non-wick/Anti-wick Coatings: water resistant shield FIBER-LINE WATER BLOCKING APPLICATIONS • Binder yarn • Buffer tube thread • Filler yarn • Ripcords • Strength members Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2023-10/Stat-Tech TPE Static Dissipative _ Electrically Conductive Thermoplastic Elastomers Product Overview_A4.pdf
这些包括:• Industrial – Conveyor belts (food production and pharmaceutical industries) and controls (joy sticks, machinery handles and knobs, corrugated bellows, tool grips) • Electrical and electronic devices – Seals and gaskets, radars and sensors • ADAS components – Camera systems, navigation systems, vehicle control systems, infotainment systems PRODUCT OVERVIEW STAT-TECH SOLUTIONS KEY TECHNICAL PROPERTIES Material Description Base Resin Color Hardness Range Surface Resistivity (Ω) Key Characteristics ST0100-5003 ESD FD White VN8904 GP0F025721 TPU White 85 ShA 108 to 109 High elongation, static conductive, FDA compliance ST0100-5006 ESD X2 Natural TPU Natural 85 ShA 107 to 109 High elongation, static conductive ST0200-5001 ESD Natural X1 TPE Natural 40 ShD 107 to 109 High elongation, permanent anti-static, static conductive SST0200-5004 ESD Black TPE Black 40 ShA 103 to 105 Electrically conductive, static dissipative, lower hardness ST0200-5002 EC ES Black TPE Black 60 ShA 100 to 102 Electrically conductive, high elongation ST0200-5009 EC Black TPE Black 60 ShA 100 to 102 Electrically conductive, high elongation Property Unit Standard Test Methods ST0100-5003 ESD FD White VN8904 GP0F02571 ST0100- 5006 ESD X2 Natural 5001 ESD Natural X1 5004 ESD Black 5002 EC ES Black 5009 EC Black Base Resin TPU TPU TPE TPE TPE TPE Physical Properties Hardness Shore ISO 48-4 85A 85A 50D 40A 60 A 60A Density ISO 1183 1.19 1.15 1 1.01 0.965 1.21 Mechanical Properties Tensile Strength (Break) Mpa DIN 53404 10 15 15 4 5.7 2.5 Elongation, Break % DIN 53504 600 650 500 300 400 250 Electrical Properties Surface Resistivity Ω IEC 60093 108 to 109 107 to 109 107 to 109 103 to 105 100 to 102 100 to 102 Volume Resistivity Ω.cm IEC 60093 108 to 109 107 to 109 107 to 109 103 to 105 100 to 102 100 to 102 Color White Natural Natural Black Black Black Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2021-11/artisan-ar7300-pre-colored-formulation-processing-guide.pdf
BASE RESIN ABS Drying Temperature 80–90°C Drying Time 2–3 Hours Barrel Temperatures °C Rear Zone 180–210 Center Zone 190–220 Front Zone 200–230 Nozzle 210–240 Mold Temperature 50–80 Screw Speed Moderate Back Pressure 3–10 bar Cushion 5–15 mm Injection Speed Low to medium Injection Pressure Moderate to high Holding Pressure 10–30% of injection pressure Screw Type General purpose Screw L/D 20:1 Screw Compression Ratio 2.0:1–2.5:1 Non-return Check Valve Free flow check ring Nozzle Type Reverse taper Barrel Capacity 30–80% of barrel should be used STARTUP & SHUTDOWN RECOMMENDATIONS Purge Compound 2–3 melt flow PP or purging compound.