https://www.avient.com/sites/default/files/2025-01/AVNT Dec 2022 Earnings Presentation Updated.pdf
Microsoft PowerPoint - AVNT Nov 2022 Earnings Presentation
AVIENT CORPORATION
I N V E S T O R P R E S E N T A T I O N
(NYSE: AVNT)
D E C E M B E R 2 0 2 2
AVI ENT: WHO WE A RE
40
23
9
36
• U.S. and Canada
• Latin America
• Europe, Middle East & Africa
• Asia
25,000+
CUSTOMERS
Headquartered in Avon Lake, OH
(Cleveland)
9,300+ employees
100+ manufacturing plants
Key Financial Data
$3.6 billion2022PF Sales
$585 million2022PF EBITDA
$2.952022PF EPS
100%
ARE CUSTOMIZED SOLUTIONS
TO UNIQUE SPECIFICATIONS
of
sales
2
Guidance as of November 2, 2022 Webcast
W H O W E A R E – V I S I O N , S T R AT E G Y, C U LT U R E
3
Avient Corporation (NYSE: AVNT) provides
specialized and sustainable material solutions that
transform customer challenges into opportunities,
bringing new products to life for a better world.
Global Compact &
fulfilled Communication of Progress (COP)
requirements
• New Sustainability Strategy overview page including
our 2022 AIP ESG metrics
• New ESG Performance page with ESG ratings,
awards, and certifications
• Increased disclosures on carbon emissions, including
disclosure of Climate Change Scenario Analysis
• Added new Product Stewardship and Chemical
Management policies
• Enhanced data reporting for Workforce
Demographics
• Improved social disclosures on human rights,
dependent care and special leave and strategic
training management
20 21 SUSTAI NA BILI TY REPORT
Launching integrated sustainability website in parallel with report
Aligned with leading reporting frameworks
6
Released July 2022
E S G R AT I N G S P E R F O R M AN C E
E S G AWA R D S AN D C E R T I F I C AT I O N S
ESG PER FORMANCE & A WAR DS
84th
3
1
2
7
T R A N S F O R M A T I O N A L
O V E R V I E W
Avient Protective
Materials
Dyneema
®
RECENT TRANSAC TIONS
Acquired Divested
$1.45 B $0.95 B
9
Distribution
UPDATED CA PI TAL STRUC TURE
& LI QUI DI TY
• Proceeds from completed
sale of Distribution used to
pay near-term maturing debt
to strengthen balance sheet
• Fixed/floating debt ratio of
~55/45
• Proven track record of
deleveraging following major
acquisitions through strong
free cash flow generation
• 2022 pro forma net
debt/adjusted EBITDA
expected to be 3.1x
$725 $725
$575 $500
$600
$525
$650
$650
$600
Capital Structure
Cash
$544
Undrawn
Revolver
$250
Liquidity
$3.15B
$2.40B
2030 Notes
2029 Term Loan
2026 Term Loan
2025 Notes
2023 Notes
After Dyneema
Acquisition
After Distribution
Divestiture
$794M
(1)
(1) $250M reflects estimated undrawn revolver following the divestiture of Distribution
10
PREVI OUS TR ANSACTIONS
Performance
Solutions
Products &
$0.8 B
COLOR
$1.4 B
Acquired (2020)Divested (2019)
11
• 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
• $75 million of realized synergies anticipated in 2022
• Acquisition completed on July 1, 2020 for $1.45 billion.
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$585M$3,635M
(1)
Transportation
9%
Healthcare
8%
29
C O L O R , A D D I T I V E S & I N K S
2 0 2 2 R E V E N U E | $ 2 . 3 B I L L I O N
US & Canada
35%
EMEA
40%
Asia
20%
Latin America
5%
END MARKET REGION
30
Packaging
33%
Consumer
22%
Healthcare
9%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
1%
Figures represent 2022 full year estimates
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
2 0 2 2 P R O F O R M A R E V E N U E | $ 1 . 3 B I L L I O N
END MARKET
US & Canada
50%
EMEA
35%
Asia
15%
REGION
31 Figures represent 2022 full year estimates
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9%
Defense
15%
Building &
Construction
8%
Packaging
31%
Consumer
28%
Healthcare
8%
Industrial
13%
Building &
Construction
5%
Telecommunications
3%
Energy
2% Defense
1%
Asia
(20% of sales)
Transportation
9%
2 0 2 2 P R O F O R M A AV I E N T R E G I O N A L S A L E S
B Y E N D M A R K E T
Packaging
29%
Consumer
13%
Healthcare
5%
Industrial
17%
Building &
Construction
11%
Energy
5%
Defense
7%
EMEA
(35% of sales)
Transportation
10%
Packaging
14%
Consumer
23%
Healthcare
11%
Industrial
15%
Building &
Construction
12%
Energy
5%
Defense
7%
US &
Canada
(40% of sales)
Transportation
7%
Packaging
49%
Consumer
22%
Healthcare
8%
Industrial
9%
Building &
Construction
6%
Telecommunications
1%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
3%
Telecommunications
6%
Figures represent 2022 full year estimates32
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_DE2.pdf
B. als ein Berater oder ein Kunde.
B.
B.
https://www.avient.com/sites/default/files/2022-07/ECCOH_ LSFOH 5924 - FTTA Cable - Application Snapshot.pdf
CABLE
MANUFACTURER
H Y B R I D F T T A C A B L E
• Elongation at -40°C
• High temperature bend test at 130°C
• Low water absorption
• Resistance to braided shielding
• Fire performance to pass CPR class Dca
• Provided superior environmental stress
crack resistance (ESCR) and performance
at cold temperatures, increasing cable
lifetime
• Improved cable flexibility for easier
installation
• Enabled faster processing at increased line
speed
ECCOH™ LSFOH 5924 Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-06/eccoh-5161-loose-tube-telecommunications-cable-one-page-case-study.pdf
CABLE
MANUFACTURER
L O O S E T U B E T E L E C O M S
C A B L E
• Low shrinkage (< 1%)
• Consistent flame retardancy
• Suitable gel resistance
• Cold behaviour at - 40°C
• Reduce total cost ownership
• Improved processing compared to existing LSFOH
material, increasing speed up to 800 m/min
• Provided consultancy on processing parameters and
tooling
• Reduced cable thickness to 0.1mm & reduced
shrinkage
• Enabled customer to enter into new applications and
cable designs due to the versatility of the material
ECCOH™ 6151 LSFOH Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-07/Gravi-Tech - HDPE Meat Box - Application Snapshot.pdf
PROHACCP
D E T E C T A B L E E 2 B O X
• Magnetic for detection in factory
• EU and FDA food contact compliance
• Durable for repeated use
• Color matching
• Enabled fast and accurate development of a
custom formulation meeting all customer
requirements
• Provided both material and color expertise
from a single source
• Matched color to specific blue providing
visual contrast against meat/food products,
enhancing detectability
Gravi-Tech™ Density Modified Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-05/frost-for-persaonal-care-pet-bottle.pdf
S H A M P O O B R A N D
P E T B O T T L E F O R H A I R
C A R E
• Customized color and anti-UV combination
• Provided quick response and local service
• Simplified processing without additional
equipment investment
• Increase innovation capabilities and brand
aesthetics
OnColor™ Frost PET Effect
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-10/dynaflex-knee-brace-case-study-one-pager.pdf
H E A LT H C A R E D E V I C E
M A N U FAC T U R E R
W E B K N E E B R A C E
• Good bonding to polypropylene (PP)
• Flexible and soft-touch feel
• Skin contact, general FDA compliance
• Good tensile strength and resilience
• Excellent colorability
• Offered material that passed the required
FDA regulations
• Provided high elasticity memory and ultra
soft tactile finish to meet the comfort and
pleasant surface feeling requirements
• Delivered TPE with easy and stable
processing and colorability
DynaflexTM Thermoplastics Elastomer
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-12/versalloy-xl-flexible-neck-for-lamp.pdf
H Y D RO P O N I C G ROW I N G
S YS T E M B R A N D
F L E X I B L E N E C K F O R L A M P
• High flow performance capabilities
• Beautiful finish
• Soft touch
• Supported the development process, from
initial design to product launch, to meet the
needs of both the molder and OEM
• Delivered a TPE solution that enabled a
22” flow line with a wall thickness of 0.225”
• Provided technical support and shared
process best practices to minimize
cosmetic defects
Versalloy™ XL Thermoplastic Elastomer
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2025-02/31307-Certificate-17JUL2024.pdf
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ISO 9001:2015ISO 9001:2015
Certificate Of ConformanceCertificate Of Conformance
ANNEXANNEX
Certificate No.: 31307
Avient CorporationAvient Corporation
At the below facilities
FACILITYFACILITY
NAMENAME
FACILITY ACTIVITYFACILITY ACTIVITY ADDRESSADDRESS
Avient -
Birmingham
Manufacturing
The Manufacture of Pultruded and Filament wound components Pultrusion and CRTM 3943, Valley East Industrial
Drive, Buildings 1,2,3,4
Birmingham - AL 35217 United
States
Avient -
Birmingham
Manufacturing
The Manufacture of Pultruded and Filament wound components Pultrusion and Filament Wound
Tubing
3968, Valley East Industrial
Drive, Building 5 Birmingham -
AL 35217 United States
Avient -
Birmingham
Manufacturing
The Manufacture of Pultruded and Filament wound components Pultrusion 3950, Valley East Industrial
Drive, Building 6 Birmingham -
AL 3517 United States
Avient
Corporation
Management of QMS.
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Avient
Corporation -
Cergy, France
Design and Manufacture of Color and Additive Concentrates and Specialty Compounds , 14 Avenue de l'Eguillette
Saint Ouen l'Aumône - 95310
France
Avient
Corporation -
Esenyurt, Turkey
Design and Manufacture of Specialty Engineered Thermoplastics Orhangazi Mah. 1683 Sok.
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Avient
Corporation -
Mountain Top,
PA
Manufacturing, Shipping and Receiving , 855 Oak Hill Road Mountain
Top - PA 18707 United States
Avient
Corporation -
Oricain
(Pamplona),
Spain
Design and Manufacture of Color and Additive Concentrates and Specialty Compounds Pol.
https://www.avient.com/sites/default/files/2020-11/excelite-im-auto-case-study.pdf
B).
B
Excelite