https://www.avient.com/news/dyneema-showcase-latest-law-enforcement-and-defense-armor-material-innovations-enforce-tac-2025-european-made-material-solutions-enable-lightweight-ballistic-protection
Dyneema® HB330 and Dyneema® HB332 are the latest breakthroughs in a long history of product innovations.
Following the successful launch of Dyneema® SB301 in 2023, the first soft ballistic material made with third-generation Dyneema® fiber, the introduction of Dyneema® HB330 and Dyneema® HB332 provides a comprehensive solution for advanced personal protection.
When paired with Dyneema® SB301 in a complete body armor system, Dyneema® HB330 and Dyneema® HB332 enable a high-performance system 45% lighter than a system made from first-generation Dyneema® materials.
https://www.avient.com/news/avient-debut-dyneema-fiber-jec-world-2023
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Avient to Debut Dyneema® Fiber at JEC World 2023
Avient to debut Dyneema® Fiber at JEC World 2023
The addition of Dyneema® accelerates our evolution into a specialty formulator of sustainable solutions, opening up new opportunities for future growth while building on the Dyneema® brand’s proud heritage of innovation, collaboration, and sustainability,” said Chris Pederson, president, Specialty Engineered Materials at Avient.
https://www.avient.com/news/dyneema-world-s-strongest-fiber-enables-ballistic-protection-solutions-without-pfas-amid-mounting-industry-concern-over-forever-chemicals
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Dyneema®, The World’s Strongest Fiber™, Enables Ballistic Protection Solutions Without PFAS Amid Mounting Industry Concern Over “Forever Chemicals”
Dyneema®, The World’s Strongest Fiber™, Enables Ballistic Protection Solutions Without PFAS Amid Mounting Industry Concern Over “Forever Chemicals”
For the American market, Dyneema® fiber – with its unrivaled strength-to-weight ratio – is manufactured in Greenville, North Carolina.
https://www.avient.com/company/sustainability/sustainability-report/products/markets/protective-materials
Other Dyneema® form factors include Dyneema® Fiber and Dyneema® Fabric.
Bio-based Dyneema® Fiber
Bio-based Dyneema® has a carbon footprint that is up to 90% lower than alternative materials and boasts the same performance as conventional Dyneema®.
https://www.avient.com/investor-center/news/avient-completes-acquisition-dsm-protective-materials-dyneema
NYSE: AVNT), a leading provider of specialized and sustainable material solutions, has completed its purchase of the protective materials business of DSM (including the Dyneema® brand), which will now be called Avient Protective Materials and reported within the company's Specialty Engineered Materials segment.
The foundation of Avient Protective Materials is the renowned technology and globally admired brand of Dyneema®, the World's Strongest Fiber™.
View original content to download multimedia:https://www.prnewswire.com/news-releases/avient-completes-acquisition-of-dsm-protective-materials-dyneema-301616048.html
https://www.avient.com/news/archives?page=0
Dyneema® to Exhibit at the Functional Fabric Fair and Reveal Groundbreaking New Technology
Dyneema® to Exhibit at the Functional Fabric Fair and Unveil Groundbreaking New Dyneema® Woven Composites
To download a high-resolution image, pl
Dyneema® Announces Collaboration with Toyobo MC in Floating Offshore Wind Turbine Mooring Systems for Japan
https://www.avient.com/news/archives
Dyneema® to Exhibit at the Functional Fabric Fair and Reveal Groundbreaking New Technology
Dyneema® to Exhibit at the Functional Fabric Fair and Unveil Groundbreaking New Dyneema® Woven Composites
To download a high-resolution image, pl
Dyneema® Announces Collaboration with Toyobo MC in Floating Offshore Wind Turbine Mooring Systems for Japan
https://www.avient.com/sites/default/files/2022-04/Avient Acquisition of Dyneema and Q1 2022 Results_0.pdf
Avient also references “pro forma” financial metrics, which include the results of the proposed Dyneema acquisition.
Morgan
• New Senior Secured Term Loan B and new Senior
Unsecured Notes
• Potential proceeds from sale of Distribution business
modeled to pay off 5.25% senior notes due 2023 and
Term Loan
• Acquisition aligned with Avient’s track record of
disciplined capital allocation policy
• Existing dividend policy maintained, focus on
deleveraging in the near term
(1)
(1) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution,
including repayment of senior notes due 2023 and Term Loan
Cash and Cash Equivalents 595$
Senior Secured Term Loan due 2026 605$
New Senior Secured Term Loan B 500
Total Senior Secured Debt 1,105$
Senior Unsecured Notes due 2025 650$
New Senior Unsecured Notes 740
Total Senior Unsecured Debt 1,390$
Total Debt 2,495$
Net Debt 1,900$
2022 Pro forma Adjusted EBITDA 660$
Net Debt / Adjusted EBITDA 2.9x
Pro Forma Capitalization
(2022 estimates, all figures in $M)
T WO - Y E A R L E V E R AG E G OA L
24
3.5x
2.7x
1.7x
2.9x
2.5x
2.2x
2019PF 2020PF 2022E 2022PF 2023E 2024E
Dyneema® AcquisitionClariant Color Acquisition
(1) Pro forma for the acquisition of the Clariant Color business
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of
Distribution, including repayment of senior notes due 2023 and Term Loan
(1) (1) (2)
25
P RO F O R M A M O D E L I N G
2022E Pro Forma Pro Forma
($M) w/ Dyneema w/Sale
Revenue 5,100$ 415$ 5,515$ (1,775)$ 3,740$
Adjusted EBITDA 635 130 765 (105) 660
EBITDA % 12% 31% 14% 6% 18%
Pro Forma EPS (Adjusted) 3.50$ 0.00$ 3.50$ (0.56)$ 2.94$
Pro Forma EPS (excl. amortization) 3.96$ 0.35$ 4.31$ (0.56)$ 3.75$
Leverage (12/31/2022E)
Net Debt / Adjusted EBITDA 1.7x 3.5x 2.9x
Avient Dyneema Distribution® ®
OUR SPECIALTY JOURNEY
AC Q U I S I T I O N H I S TO RY
27
Commercial
Resources(1)
Operating Income
($ in millions)
Operating Margins
259
360
At Acquisition 2021
$40
$122
At Acquisition 2021
9%
21%
At Acquisition 2021
Established Acquisitions
(> 7 years)
+ 39% + 210% + 1200 bps
(1) Commercial Resources include associate headcount in R&D / Technical, Marketing and Sales
C L A R I A N T C O LO R AC Q U I S I T I O N
28
$133
$205
2019PF 2021
28
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
• 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 July 1, 2020 for $1.45 billion.
Financials are pro forma for the acquisition of Dyneema® and potential divestiture of Distribution
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
30
CULTURE AND PEOPLE
31
O U R S P E C I A LT Y J O U R N E Y C O N T I N U E S
32
• 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
• We plan to explore a possible sale of our Distribution business.
https://www.avient.com/news/avient-showcase-world-s-strongest-fiber-and-high-performance-engineered-fibers-techtextil-2024
Fiber-Line™ composite yarns and Dyneema® fibers can be used to add strength and enhance protection in consumer applications, including workwear.
Dyneema®, the world’s strongest fiber™ – With its unique combination of low weight and immense strength, Dyneema® is a critical component in ultra-light outdoor gear, protective apparel, and footwear that takes performance and comfort to new heights.
Dyneema® fibers are widely used by designers for their precision-engineered properties to create the lightweight, durable, and high-performance articles that today’s consumers desire.
https://www.avient.com/news-events
Dyneema® to Exhibit at the Functional Fabric Fair and Reveal Groundbreaking New Technology
Dyneema® to Exhibit at the Functional Fabric Fair and Unveil Groun...
Dyneema® to Exhibit at the Functional Fabric Fair and Reveal Groundbreaking New Technology...