https://www.avient.com/industries/healthcare/labware-diagnostics/laboratory-equipment
Learn more about the benefits of using Mevopur Healthcare Bio-based Polymer Solutions in medical devices and pharmaceutical packaging (English language version)
https://www.avient.com/investor-center/news/avient-expects-double-digit-sales-growth-5g-applications
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include 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; the speed and strength of growth in the global 5G infrastructure market; our ability to achieve the strategic and other objectives relating to the acquisition of Clariant's Masterbatch business, including any expected synergies; 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; an inability to achieve the anticipated financial benefit from initiatives related to acquisition and integration working capital reductions, cost reductions and employee productivity goals; our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; information systems failures and cyberattacks; our ability to consummate and successfully integrate acquisitions; and 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.
https://www.avient.com/idea/continuous-fiber-reinforced-thermoplastic-composites
Various applications that benefit from the advantages of CFRTPs
https://www.avient.com/idea/how-lightweight-automotive-components
Thermally conductive plastics help dissipate the heat, adding life to the fixture while offering additional design and manufacturing benefits.
https://www.avient.com/products/advanced-composites/composite-ballistic-protection/glasarmor-ballistic-resistant-panels
Learn about the benefits and applications for ballistic panels in building and construction
https://www.avient.com/products/long-fiber-technology/complet-maximum-toughness
Benefits of LFT
https://www.avient.com/idea/developing-your-esg-framework
Reporting ESG data to your stakeholders will benefit an organization in the short term and long term as it can help meet your sustainability targets and builds trust within the organization.
https://www.avient.com/industries/consumer/consumer-discretionary/outdoor-recreation/outdoor-adventure-gear
Learn how our polymer solutions can benefit adventure sports gear
https://www.avient.com/sites/default/files/2022-11/Smarter Materials High Performance Thermoplastics.pdf
In addition, these technologies can exceed the core benefits of commodity resins and engineering thermoplastics by providing greater design freedom, ease of colorability, and efficient processing. Determining a material’s cost-benefit ratio is particularly important when it comes to high-performance thermoplastics. Following are top reasons why many manufacturers and designers choose high-performance thermoplastics: • High-temperature resistance • Chemical resistance • Flame/smoke/toxicity (FST) performance • Chemically inert PLUS, ALL THE BENEFITS OF PLASTIC In addition to their elite-level properties, high-performance thermoplastics deliver the typical advantages of polymers over other material types such as metal, glass and ceramic, including: • Light weight • Design freedom/part consolidation • Easy colorability • Efficient, high-volume processing • Elimination of secondary operations • Enhanced product experience for the end user - quieter environment - improved tactile feel - better usability ADVANTAGES Going Above and Beyond • Amorphous structure • High marks for toughness, chemical resistance, hydrolytic stability, resistance to boiling water, and extreme thermal capabilities • Best for: aerospace interiors, hot water fittings, and medical and dental devices that are subjected to repeated steam sterilization • Also used in food equipment exposed to temperature extremes, such as coffeemakers or freezer-to-microwave cookware Polyaryletherketones Polysulfones Liquid crystal polymers Polyetherimides Polyphenylene sulfides There are five major families of high-performance thermoplastics P O LY AR YL ET H ER K ET O N ES P O LY SU LF O N ES• Semi-crystalline structure • High marks for thermal stability, chemical resistance and mechanical properties over a wide temperature range • Better-than-average levels of combustion resistance and electrical performance • Some PAEK materials, like polyetheretherketone (PEEK), are also extremely tough and have excellent impact strength • Best for: aerospace, automotive, industrial and medical components • May be used to create stock shapes such as rods, bars, and tubes All in the Family P O LY P H EN YL EN E SU LF ID ES • Semi-crystalline structure • Excellent temperature resistance with continuous service temperatures up to 230°C • High marks for modulus and resistance to creep, corrosion, and chemicals • Above-average electrical properties • Best for: complex parts with extremely tight tolerances; often used as an alternative to metals and thermosets in automotive underhood parts, appliances, electronics, and industrial applications Polyaryletherketones Polysulfones Liquid crystal polymers Polyetherimides Polyphenylene sulfides There are five major families of high-performance thermoplastics P O LY ET H ER IM ID ES LI Q U ID C R YS TA L P O LY M ER S • Semi-crystalline structure • High degree of anisotropy: strength, stiffness and thermal expansion will be greater in one direction vs. the other • High marks for temperature, chemical and electrical resistance • Exceptional mechanical strength and high flow rates; often used to fill extremely long parts with thin walls • Best for: electronic connectors, sensors, bullet-resistant vests, jet engine enclosures, brake and transmission friction parts, and gaskets • Amorphous structure • High marks for thermal, mechanical, and chemical properties • Often selected for demanding applications requiring ultra-high mechanical strength combined with high temperature, corrosion and wear resistance • Impact resistance may be lower than that of PSUs and PAEKs • Best for: aerospace interiors, automotive lighting, medical devices, and electrical and fiber optic connectors All in the Family Source: https://www.craftechind.com/standard-and-custom-parts-in-high-performance-plastics/ TEMPERATURE AND MATERIAL TYPE The two broad classifications of high-performance thermoplastics—amorphous and semi-crystalline— have different temperature characteristics.
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
PY ( T O TA L C O M PA N Y ) $790 $719 2022 2023 $107 $114 2022 2023 Sales Adjusted EBITDA (in millions) $0.42 $0.52 2022 2023 Adjusted EPS (in millions) - 9% + 7% + 24% Sales Adjusted EBITDA Adjusted EPS 13 Q4 2023 SEGMENT PERFORMANCE 14 CAI $491 $459 Sales (in millions) $70 $84 EBITDA SEM $301 $260 Sales $55 $49 EBITDA - 7% - 14%+20% - 11% 2022 2023 (in millions) Q4 EBITDA BRIDGE ( T O TA L C O M PA N Y ) 15 $ millions CAI: Price / Mix 11 Deflation 14 SEM: Price / Mix 4 Deflation 9 Net Price Benefit 38 Cost Reductions 13 Wage Inflation (8) Other (2) Q4 2023 $114 Adjusted EBITDA Q4 2022 $ 107 Demand (34) • Demand was down, but less than in previous quarters, due to slowing pace of destocking • Positive net price benefit: o CAI – Pricing flat with favorable mix from uptick in packaging and consumer end markets and raw material deflation o SEM - Pricing flat with favorable mix from Composites and raw material deflation • Cost reductions primarily driven by reduced administrative costs and cost synergies 2 0 2 4 G U I D A N C E 2024 GUIDANCE Full Year 2024 Guidance Adjusted EBITDA $505 to $535 million Adjusted EPS $2.40 to $2.65 Interest Expense $105 to $110 million Adjusted Effective Tax Rate 23% to 25% Capital Expenditures ~$140 million 17 Q1 Adjusted EPS of $0.68 A P P E N D I X 20 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 RAW MATERIAL BASKET 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% 22 (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 23 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 9% Building & Construction 10% Telecommunications 1% Energy 2% COLOR, ADDITIVES & 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% 24 Packaging 5% Consumer 16% Healthcare 6%Industrial 16% Transportation 12% Telecommunications 9% Energy 10% Defense 18% Building & Construction 8% END MARKET REGION SPECIALTY ENGINEERED MATERIALS 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% 25 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. Three Months Ended 2023年12月31日 2022 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net income (loss) from continuing operations attributable to Avient shareholders $ 27.8 $ 0.30 $ (17.0) $ (0.19) Special items, after tax (Attachment 3) 5.4 0.06 38.3 0.42 Amortization expense, after-tax 15.0 0.16 14.6 0.16 Adjusted net income / EPS $ 48.2 $ 0.52 $ 35.9 $ 0.39 (1) Per share amounts may not recalculate from figures presented herein due to rounding Year Ended 2023年12月31日 2022 Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1) Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83 $ 82.8 $ 0.90 Special items, after tax (Attachment 3) 79.3 0.86 116.2 1.26 Amortization expense, after-tax 61.5 0.67 49.0 0.53 Adjusted net income / EPS $ 216.6 $ 2.36 $ 248.0 $ 2.69 (1) Per share amounts may not recalculate from figures presented herein due to rounding 1 Three Months Ended December 31, Year Ended December 31, Reconciliation to EBITDA and Pro Forma Adjusted EBITDA 2023 2022 2023 2022 Sales - GAAP $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9 Pro forma APM adjustments — — — 256.1 Pro forma adjusted sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,653.0 Net income (loss) from continuing operations – GAAP $ 27.6 $ (16.6) $ 76.3 $ 83.1 Income tax (benefit) expense (7.0) (60.8) 11.0 (19.3) Interest expense 26.8 49.4 115.3 119.8 Depreciation and amortization from continuing operations 44.2 48.6 188.8 162.5 EBITDA from continuing operations $ 91.6 $ 20.6 $ 391.4 $ 346.1 Special items, before tax 22.4 104.3 114.6 194.0 Interest expense included in special items (0.1) (16.0) (2.3) (26.0) Depreciation and amortization included in special items — (1.5) (1.9) (5.5) Adjusted EBITDA $ 113.9 $ 107.4 $ 501.8 $ 508.6 APM pro forma adjustments - 8 months 2022* — — — 83.1 Pro forma adjusted EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7 Pro forma adjusted EBITDA as a percent of sales 15.8 % 13.6 % 16.0 % 16.2 % * Pro forma adjustment for January - August 2022 APM results (period before Avient ownership).