https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
Avient corporation first quarter 2024 results and 2024 financial guidance AVIENT CORPORATION F I R S T Q U A R T E R 2 0 2 4 R E S U L T S A N D 2 0 2 4 F I N A N C I A L G U I D A N C E (NYSE: AVNT) M AY 7 , 2 0 2 4 DISCLAIMER Forward-Looking Statements Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. FX -1.5% FX -0.5% Total Avient -2.0% Q 1 2024 RE S U LT S Q1 2024 PERFORMANCE VS. A reconciliation of these measures to their most directly comparable GAAP measures is provided in the tables below. 2024 2023 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net income from continuing operations attributable to Avient shareholders $ 49.4 $ 0.54 $ 20.8 $ 0.23 Special items, after-tax 5.5 0.06 22.3 0.24 Amortization expense, after-tax 14.9 0.16 15.1 0.16 Adjusted net income / EPS $ 69.8 $ 0.76 $ 58.2 $ 0.63 Three Months Ended Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023 Net income from continuing operations – GAAP $ 49.7 $ 21.3 Income tax expense 16.8 7.7 Interest expense, net 26.6 28.8 Depreciation and amortization 44.3 50.5 EBITDA from continuing operations 137.4 108.3 Special items, before tax 6.2 27.3 Depreciation and amortization included in special items (0.5) (1.8) Adjusted EBITDA $ 143.1 $ 133.8 Adjusted EBITDA as a percent of sales 17.3 % 15.8 % 1 2024 2023 Sales: Color, Additives and Inks $ 515.3 $ 537.0 Specialty Engineered Materials 314.4 309.7 Corporate (0.7) (1.0) Sales $ 829.0 $ 845.7 Operating income: Color, Additives and Inks $ 74.8 $ 65.6 Specialty Engineered Materials 53.4 43.1 Corporate (34.2) (51.6) Operating income $ 94.0 $ 57.1 Depreciation & amortization: Color, Additives and Inks $ 21.9 $ 25.8 Specialty Engineered Materials 19.6 21.2 Corporate 2.8 3.5 Depreciation & amortization $ 44.3 $ 50.5 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 96.7 $ 91.4 Specialty Engineered Materials 73.0 64.3 Corporate (31.4) (48.1) Other (expense) income, net (0.9) 0.7 EBITDA from continuing operations 137.4 108.3 Special items, before tax 6.2 27.3 Depreciation and amortization included in special items (0.5) (1.8) Adjusted EBITDA $ 143.1 $ 133.8 Adjusted EBITDA as a percent of sales: Color, Additives and Inks 18.8 % 17.0 % Specialty Engineered Materials 23.2 % 20.8 % 2 Year Ended 2023年12月31日 Sales: Color, Additives and Inks $ 2,007.4 Specialty Engineered Materials 1,138.2 Corporate (2.8) Sales $ 3,142.8 Operating income: Color, Additives and Inks $ 259.9 Specialty Engineered Materials 142.5 Corporate (205.6) Operating income $ 196.8 Depreciation & amortization: Color, Additives and Inks $ 98.3 Specialty Engineered Materials 81.5 Corporate 9.0 Depreciation & amortization $ 188.8 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 358.2 Specialty Engineered Materials 224.0 Corporate (196.6) Other income, net 5.8 EBITDA from continuing operations 391.4 Special items, before tax 114.6 Interest expense included in special items (2.3) Depreciation and amortization included in special items (1.9) Adjusted EBITDA $ 501.8 3 AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP.pdf Avient corporation�first quarter 2024 results and 2024 financial guidance DISCLAIMER Slide Number 3 Regional demand trends-total company�Q1 Sales vs PY (Excluding FX) Slide Number 5 Slide Number 6 Slide Number 7 Slide Number 8 Slide Number 9 Slide Number 10 Slide Number 11 Slide Number 12 Slide Number 13 Slide Number 14 Slide Number 15 Slide Number 16 Slide Number 17 2023 segment, end market and Geography Color, Additives & Inks Specialty Engineered Materials Slide Number 21 IR Deck - AVNT-2024.03.31 5.06 11AM v2 (002).pdf Attachment
https://www.avient.com/investor-center/news/avient-announces-commencement-650-million-senior-notes-offering
September 5, 2024 Sept. 5, 2024
https://www.avient.com/news/avient-s-new-recycled-tpe-grades-support-greater-use-recycled-materials-automotive-vehicles
June 19, 2024 LUXEMBOURG – June 19, 2024 – Avient Corporation, a premier provider of specialized and sustainable materials solutions and services, today announced the extension of its reSound™ REC Recycled Content Thermoplastic Elastomers (TPEs) portfolio with new AF 7210 grades specifically developed for automotive interior applications such as mats, grips, and console trays.
https://www.avient.com/news/avient-s-malm-sweden-site-earns-iscc-plus-certification-mevopur-healthcare-bio-based-polymer-solutions
April 4, 2024 MALMÖ, Sweden – April 4, 2024 – Avient Corporation, a leading provider of specialized and sustainable materials solutions and services, announced today that its site in Malmö, Sweden, completed the requirements to receive the ISCC (International Sustainability and Carbon Certification) PLUS certification for its Mevopur™ Healthcare Bio-Based Polymer Solutions manufactured on site.
https://www.avient.com/resources/safety-data-sheets?page=7023
PANTONE 567C FEB 2024 539C MARCH 2024
https://www.avient.com/investor-center/news/avient-announces-first-quarter-2025-results
2024 2024 2024
https://www.avient.com/company/sustainability/sustainability-report/people/gptw
Avient was again named one of America’s Most Responsible Companies in 2023 by Newsweek and Statista, and ranked 62nd among the 1,000 largest U.S. public companies in Barron’s 100 Most Sustainable Companies of 2024.
https://www.avient.com/company/company-officers
2024 Investor Day
https://www.avient.com/knowledge-base/article/eliminate-paint-these-three-vehicle-components
Apr 04, 2024
https://www.avient.com/sites/default/files/2025-05/AVNT Q1 2025 webcast slides_v17.pdf
Q1 2024 ORGANIC FX AS REPORTED Sales $827M 1.8% (2.1%) (0.3%) Adj. Avient 2024 sales BUSINESS SEGMENTS END MARKETS REGIONS 63% S E M C AI 23% 15% 8% 4% 3% Packaging Telecom Energy Defense 41% 35% 18% US & Canada Latin America Europe, Middle East 14Copyright © . Slide 12 Slide 13: Avient 2024 sales Slide 14: Color, Additives & Inks Slide 15: Specialty Engineered Materials Slide 16: Avient 2024 regional sales, by end market Slide 17: Raw material basket Slide 18: Reconciliation of Non-GAAP financial measures (UNAUDITED) Slide 19: Reconciliation of Non-GAAP financial measures (UNAUDITED) Slide 20: Reconciliation of Non-GAAP financial measures (UNAUDITED)