https://www.avient.com/idea/how-lightweight-automotive-components
Exploring Three Key Opportunities for Metal-to-Plastic Conversion
Three Automotive Parts Primed for Metal-to-Plastic Conversion
It is equally important to note that not all metal parts are suitable for conversion to plastics.
https://www.avient.com/sites/default/files/2021-01/avient-switzerland-gmbh-published-commercial-register.pdf
Mitteilungen an die Gesellschafter erfolgen schriftlich oder mittels elektronischer
Datenübermittlung an die vom Gesellschafter angegebene Zustelladresse.
1
I
I
2
14.03.2005
04.02.2016
14.06.2016
25.11.2020
Ei Lö Besondere Tatbestände Ref Publikationsorgan
1
1
1
2
Abspaltung: Die Gesellschaft übernimmt von der "Clariant lnternational
AG" (CHE-106.515.013), in Muttenz, einen Teil des Vermögens.
Abspaltung: Die Gesellschaft überträgt die "Geschäftseinheit Additive" gemäss
Spaltungsvertrag vom 08.04.2020 mit Aktiven von CHF 1 16'032'305.00 und
Passiven (Fremdkapital) von CHF 16'032'305.00 auf die "Clariant lnternational
AG' (CHE-106.515.013), in Muttenz.
https://www.avient.com/news/polyone-receives-innovation-awards-pioneering-metal-replacement-projects
FISCHBACH, Luxembourg – Collaborating with customers to replace metal in LED lights earned PolyOne recognition at the inaugural Polymers and Plastics Innovation Awards, presented by the Society of Plastics Engineers Benelux Division.
The awards competition identified winners of innovative plastics materials in eight categories.
The winning parts are on display this week at POLYTALK 2014, a plastics industry summit organized by trade association Plastics Europe in Brussels.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Presentation - Website.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• 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;
• Changes in 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;
• Our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials (APM);
• An inability to raise or sustain prices for products or services;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• 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; and
• Other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, any recessionary conditions, and terrorism or hostilities
Use of Non-GAAP Measures
This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
GUIDANCE
$800
$754
Guidance Actual
$128
$123
Guidance Actual
Sales Adjusted EBITDA
(in millions)
$0.56 $0.57
Guidance Actual
Adjusted EPS
(in millions)
9
• Demand impacted by destocking
and cautious customer sentiment
• Positive net price benefit:
o CAI - Pricing flat and raw
material deflation
o SEM - Pricing flat with
unfavorable mix related to
healthcare, more than offset
with raw material deflation
• Cost reductions driven by Clariant
synergies and reduced
administrative costs
Q3 EBITDA BRIDGE
($ millions)
CAI:
Price / Mix -)
Deflation 22)
SEM:
Price / Mix (6)
Deflation 13)
Net Price Benefit 29)
Cost Reductions 13)
Wage Inflation (8)
FX 1)
Q3 2023 Actual $ 123)
Adjusted
EBITDA
Q3 2022 Pro Forma $ 137)
Demand (49)
10
2 0 2 3 G U I D A N C E
Q4 2023 GUIDANCE VS.
PRIOR YEAR
$790
$710
2022 2023
$107
$112
2022 2023
Sales Adjusted EBITDA
(in millions)
$0.42
$0.47
2022 PF 2023
Adjusted EPS
(in millions)
- 10% + 5% + 12%
Sales Adjusted EBITDA Adjusted EPS
12
$112
$500
Q4 FY
$0.47
$2.30
Q4 FY
Q4 AND FULL YEAR 2023 GUIDANCE
$710
$3,130
Q4 FY
Sales Adjusted EBITDA Adjusted EPS
13
(in millions) (in millions)
Guidance: Free Cash Flow
$180 $180
Prior Guidance Guidance
FREE CASH FLOW & INCREASED DIVIDEND
13th Consecutive Dividend Increase
0.16
0.26
0.42
0.58
0.79
0.85
0.99
1.03
2011 2013 2015 2017 2019 2021 2023 2024
14
S U S T A I N A B I L I T Y D AY
R E C A P
SUSTAINABILITY AS A GROWTH DRIVERLONG-TERM REVENUE GROWTH DRIVERS
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
Growth Drivers Long-Term Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other (GDP growth) 0–2%
Avient 6%
17
SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH
8-12%
Long Term
Growth
50
90
2022 2030
Medical Plastics
Market Size
(in $Billions)
2020 2030
Recycled
Plastics
Virgin
Plastics
Growing Demand
for Recycled
Content
Avient Sustainable
Solutions
18
46
2023 2032
Global Offshore Annual
Wind Installations
(in Gigawatts)
Sources: McKinsey, Bloomberg, Grand View Research
SUSTAINABILITY TRENDS DRIVE
LONG-TERM GROWTH
18
• Transformative acquisitions
combined with divestitures of
more cyclical businesses have
improved margins over 400 bps
since 2018
• 20% long-term margin goal to
be driven by key growth drivers,
with sustainable solutions
playing a meaningful role
5.4%
11.5%
16.0%
2006 2018 2023E Recovery Growth
Drivers
Strategic
Objective
20%+
+1%+
+3%+
ADJUSTED EBITDA MARGIN EXPANSION
19
• 6% annualized long-term sales growth leveraging
sustainable solutions, composites, healthcare, and
emerging regions
• Expand EBITDA margins to 20%
• Deliver annual EBITDA and EPS growth of
10% and 15%
• Maintain asset-light, 80% free cash flow conversion
profile and be valued as a specialty formulator
• Continue fostering our Great Place to Work® culture
CRE AT ING A WORL D-CL AS S
S US TAINABL E ORGANIZ AT ION
20
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/news/new-black-colorants-polyone-support-circular-economy-turn-former-waste-recyclable-packaging
CLEVELAND – July 8, 2019 – PolyOne today launched a new portfolio of infrared- detectable black colorants for plastic packaging, which will allow formerly unrecyclable black waste plastic to be properly sorted at recycling facilities.
PolyOne’s new black colorants address this issue by eliminating carbon black and enabling black plastics to be sensed, sorted, and recycled efficiently.
PolyOne employs approximately 6,900 associates, is certified ACC Responsible Care® and Great Place to Work®, and is a founding member of the Alliance to End Plastic Waste.
https://www.avient.com/idea/rise-above-four-common-lightweighting-mistakes
Plastic / metal hybrid designs can bring the best of both worlds – reduced weight and structural integrity.
Investigate processes that enable plastics and metal to be formed together, including insert molding and heat staking.
Take advantage of hybrid plastic/metal designs
https://www.avient.com/news/archives?page=10
Avient and Plastic Bank Reuse Ocean-Bound Plastic for Luxury Caps and Closures
Avient Collaborates with Plastic Bank Recycling Corporation to Formulate Recycled Ocean Plastic into a New Density Modified Polymer for Luxury Caps an
https://www.avient.com/company/sustainability/sustainability-report/products/markets/packaging-case-study
The global preference for plastics in consumer packaging has led to explosive growth and the production of hundreds of millions of containers for different applications per year.
Along with the tremendous benefits that plastics bring to society, there is also a responsibility to ensure plastic waste does not end up in the environment.
Ultimate is recognized by the Association of Plastic Recyclers and the European PET Bottle Platform for having no negative impact on the recycling stream.
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-slip-additives
Cesa™ Slip lubricants improve the flow characteristics of plastics during processing.
Improves the flow characteristics of plastics during processing
A full line of dispersions for rubber and plastic applications.
https://www.avient.com/news/apr-recognizes-oncolor-nir-sortable-colorants-avient-preferred-recyclability
With the recognition, OnColor™ NIR Sortable Colorants are preferred for high-density polyethylene (HDPE) resin in black and dark colors, according to the APR Design® Guide for Plastics Recyclability.
OnColor NIR Sortable Colorants from Avient provide a solution to this problem, allowing the packaging to be visible to a NIR optical sorter, enabling it to sort into the correct plastic stream.
Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.