https://www.avient.com/news/discover-sparkling-new-wilflex-special-effects-textile-printing-inks-polyone-iss-2017
The new offerings for 2017 include:
• Wilflex One™ Special Effects – additions of shimmers, glitter, particle base, phosphorescent and foil adhesive to this non-PVC range
• Wilflex™ Elements – a new tactile selection book featuring the primary EPIC™ ink technologies, colors and finishes
• Wilflex Originals – latest design number 9 featuring a 1961 Eldorado Cadillac, created to mark the Wilflex 55th Anniversary celebrated at the end of 2016
• Oasis™ Imagebrite Reflectives – This brand new water-based reflective ink, containing light reflecting microspheres, will be exclusively previewed at the show.
Photo Caption: Wilflex Originals Design n.9 - Cadillac
https://www.avient.com/news/non-pfas-flame-retardant-formulations-expand-avient-s-compl-t-long-fiber-polyketone-portfolio
December 9, 2024
CLEVELAND – December 9, 2024 – Avient Corporation, a premier provider of specialty and sustainable materials solutions and services, announces the addition of flame-retardant (FR) grades manufactured without intentionally added PFAS-based raw materials to its portfolio of Complēt™ PKE Long Fiber Reinforced Polyketone Thermoplastics.
https://www.avient.com/resources/safety-data-sheets?page=346
40199GNS BETA INTENSE RED 9
47280GNS RED 9
https://www.avient.com/resources/safety-data-sheets?page=4072
TPV COOL GREY 9
HDPE COOL GREY 9
https://www.avient.com/resources/safety-data-sheets?page=798
PS RED #9
BLACK #9-2
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Earnings Presentation_For_Website_w_non-GAAP_5_6_1.pdf
Q1 2023
( T O TA L C O M PA N Y )
$846 $829
Q1 23 Q1 24
$134
$143
Q1 23 Q1 24
17.3%
Sales Adjusted EBITDA
(in millions)
$0.63
$0.76
Q1 23 Q1 24
Adjusted EPS
(in millions)
+ 7% + 21%
Sales Adjusted EBITDA Adjusted EPS
6
- 2%
15.8%
+150 bps
*
*
* Adjusted EBITDA Margin %
Q1 2024 SEGMENT PERFORMANCE
( C O L O R S , A D D I T I V E S & I N K S )
$537
$515
Q1 23 Q1 24
$91
$97
Q1 23 Q1 24
18.8%
Sales Adjusted EBITDA
(in millions) (in millions)
+ 7%
Sales Adjusted EBITDA
7
- 4%
17.0%
+180 bps
*
*
* Adjusted EBITDA Margin %
• Year over year demand
continues to improve for the
segment but slowly due to
continued weakness in Europe
• Raw material deflation & cost
reduction actions primary drivers
of adjusted EBITDA growth and
margin expansion of +180 bps vs
Q1 2023
Q1 2024 SEGMENT PERFORMANCE
( S P E C I A LT Y E N G I N E E R E D M AT E R I A L S )
$310
$314
Q1 23 Q1 24
$64
$73
Q1 23 Q1 24
23.2%
Sales Adjusted EBITDA
(in millions) (in millions)
+ 14%
Sales Adjusted EBITDA
8
+ 1%
20.8%
+240 bps
*
*
* Adjusted EBITDA Margin %
• Sales growth in defense end
market offset by weaker
demand in telecommunications
end market
• Raw material deflation and
favorable mix impact from
defense sales primary drivers
of adjusted EBITDA growth and
margin expansion of +240 bps
vs Q1 2023
Q1 EBITDA BRIDGE
( T O TA L C O M PA N Y )
9
$ millions
CAI:
Price / Mix (1)
Deflation 16
SEM:
Price / Mix 4
Deflation 7
Net Price Benefit 26
Wage/Other Inflation (9)
FX (2)
Q1 2024 $143
Adjusted
EBITDA
Q1 2023 $ 134
Demand (6)
• Positive net price benefit:
o Favorable raw material
deflation in both segments
• Wage and other inflation more than
offset cost reductions/synergies
2 0 2 4 G U I D A N C E
FY 2024 GUIDANCE
Original Revised
Adjusted EBITDA $505 to $535 million $510 to $535 million
Adjusted EPS $2.40 to $2.65 $2.50 to $2.65
Interest Expense $105 to $110 million $105 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures ~$140 million ~$140 million
11
Q2 2024: Adjusted EPS of $0.71
C E O “ T O P O F M I N D ”
F O C U S A R E A S
AREAS OF FOCUS
13
+7%
Drive Profitable Organic
Top-Line Growth with
Margin Expansion
Amplify Innovation Build Leadership & Talent
Pipeline
A P P E N D I X
16
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
RA W 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%
18
(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
19
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%
20
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%
21
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
March 31,
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
March 31,
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
Three Months Ended
March 31,
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
December 31, 2023
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/sites/default/files/2020-08/colormatrix-aazure-brochure-1.pdf
LD
R
(%
)
14
15
16
17
8
9
10
11
0
20
40
60
80
100
120
0
50
100
150
200
250
300
350
400
450
500
0.00
0.02
0.04
0.06
0.08
0.10
0.12
0.14
Impact of 5 Melt Heat Histories on Preform Color
Reference ColorMatrix AAzure
Reduction in AA Level
35% 55% 70%
ColorMatrix AAzure allows for further
optimization of the polymer weight
distribution during the bottle blowing
process, which improves mechanical
strength and bottle quality.
IMPROVED BOTTLE
QUALITY
+2% in
neck
weight
+3% in
body
weight
-12% in
base
weight
8.5g 0.5L bottle, 60% rPET
Re-optimization of Polymer
Weight Distribution to Improve
Bottle Strength
Based on commercially produced water
bottles, 51,000bph
Mechanical Strength
Increasing ColorMatrix AAzure Concentration
Based on PTI 14.4g 0.5L water bottles, Instron testing
To
p
Lo
ad
(l
bs
)
14
15
16
17
8
9
10
11
0
20
40
60
80
100
120
0
50
100
150
200
250
300
350
400
450
500
0.00
0.02
0.04
0.06
0.08
0.10
0.12
0.14
Burst Pressure
Increasing ColorMatrix AAzure Concentration
Based on 8.5g, 0.5L commercially produced water bottles
B
ur
st
P
re
ss
ur
e
(B
ar
)
14
15
16
17
8
9
10
11
0
20
40
60
80
100
120
0
50
100
150
200
250
300
350
400
450
500
0.00
0.02
0.04
0.06
0.08
0.10
0.12
0.14
REDUCED CO2 EMISSIONS
Increasing ColorMatrix AAzure Concentration
25% reduction in energy consumed during the bottle blowing process, based
on a commercial process producing 8.5g 0.5L water bottles at 51,000 bph
En
er
gy
k
W
Reduced Energy Consumption
ColorMatrix AAzure increases the heat-up rate for preforms, enabling energy
reductions for the heating lamps used during the bottle blowing process.
This effect
contributes towards reducing CO
2
emissions.
14
15
16
17
8
9
10
11
0
20
40
60
80
100
120
0
50
100
150
200
250
300
350
400
450
500
0.00
0.02
0.04
0.06
0.08
0.10
0.12
0.14
Increasing ColorMatrix AAzure Concentration
Translates to 25% CO
2
reduction based on 25% energy reduction
in bottle blowing process
CO
2 (
to
nn
es
p
er
y
ea
r)
14
15
16
17
8
9
10
11
0
20
40
60
80
100
120
0
50
100
150
200
250
300
350
400
450
500
0.00
0.02
0.04
0.06
0.08
0.10
0.12
0.14
ColorMatrix AAzure products are supplied
in ColorMatrix approved packaging and
are active as supplied.
https://www.avient.com/products/thermoplastic-elastomers/resound-rec-recycled-content-thermoplastic-elastomers
reSound™ REC post-industrial recycle (PIR) and post-consumer recycle (PCR) TPEs help brand owners create sustainable end-user products, with formulations utilizing 9-83% recycled content.
9-83% recycled content
These grades are formulated with 9-39% PCR content from recycled food packaging and are suitable for PP OM.
https://www.avient.com/sites/default/files/2020-03/polyone-2019-annual-report.pdf
And in 2019
as six years of NextGen alumni col
a new initiative that helps better
manufacturing site around the w
and impact on sustainability.
While the expansive work we
sustainability is important, w
our culture—most importa
associates.
This year, w
associates’ feedback in si
trust organization.
https://www.avient.com/investors/investor-news?page=7
Avient to Hold Webcast on February 9, 2021 to Review Fourth Quarter 2020 Results and 2021 Outlook...