https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Purchase price multiple rapidly declining on strength of
business and synergy capture
7
$133
$201
2019PF 2022E
7
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.4x
2019PF 2021 2022E w/ Full
Synergies
(1)
(1)
11.9%
16.3%
2019PF 2022E
EBITDA Margins
(1)
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
($ in millions)
(1) Financial information is pro forma to include a full year of Clariant Color business
SUNBELT PVC Resins DSS
20 Acquisitions
$4.8B Investment
$2.7B of Annual
Revenue
5 Divestments
$2.3B Proceeds
TPE
PP&S
HISTORI C SPECI AL IZATION THROUGH M& A
8
Distribution
DSM Protective
Materials
BOLT-ON AC QUI SITI ON HISTORY
9
Commercial
Resources
Operating Income
($ in millions)
Operating Margins
259
363
At Acquisition 2022E
$40
$139
At Acquisition 2022E
9%
22%
At Acquisition 2022E
Established Acquisitions
(> 7 years)
+ 40% + 248% + 1300 bps
I N V E S T T O G R O W
S P E C I A LT Y T R A N SF O R M ATI O N
T O D A Y
7%
46%
67%
86%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2019 2021 2022 PF
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
• Commodity JVs
• Distribution
• Performance Products & Solutions
• Specialty Businesses
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and divestiture of Distribution
(1
)
(2)
10
Healthcare
4%
Packaging
8%
Consumer
10%
Building &
Construction
43%
Industrial
15%
Transportation
14%
Energy
4%
Telecom.
2%
2006 2022 Pro Forma
Healthcare
8%
Packaging
23%
Consumer
21%
Building &
Construction
10%
Industrial
15%
Transportation
9%
Energy
4%
Telecom.
4%
Defense
6%
END MAR KET F OCUS ON LESS CYCL IC AL
I ND USTRI ES
11
14.8%
17.6%
21.0%
2018 2020 2022 PF
1.8%
2006
15.3%
16.2%
17.0%
2018PF 2020PF 2022E
CAI
2.7%
2006
SEM
SPEC IA LTY EBI TDA MA RGI N EX PANSION
12
• Portfolio transformation
accelerates growth in less
cyclical, higher margin end
markets
• Investments in our
composites platform
continue to drive margin
expansion
(1) (1)
(1) 2018 and 2020 financial information is pro forma to include a full year of Clariant Color acquisition
PORTFOLIO EVOLUTION OVER THE YEARS
13
Adj.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 40Sustainability Report | 2023 40
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/company/sustainability/sustainability-report/products/how-our-products-enable-sustainability
Service Innovation
Enables Quality Recycle
Post-Consumer Recycle (PCR) Color Predictive Tool
Innovation Award, Winner:
Plastics Industr y Association
Product Technology Innovation, Winner:
Plastics Recycling Awards Europe 2023
Product
Innovation
Enables PCR Claims + Low CO
2
reSound™ Ultra-Low Carbon Footprint TPE
Innovation Award, Finalist:
Plastics Industr y Association
Rejoin™ 100% PCR Masterbatch
Sustainable Packaging Innovation Finalist:
U.S.
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 41
https://www.avient.com/resource-center/services/avient-color-prediction-service
https://www.avient.com/products/thermoplastic-elastomers/resound-ultra-low-carbon-footprint-tpes
https://www.avient.com/products/polymer-additives/antioxidant-additives/cesa-nox-a4r-additive-enhanced-recycling
https://www.plasticsindustry.org/refocus-sustainability-innovation-awards-program/
https://www.prseventeurope.com/prse2024/en/page/2023-winners
https://www.plasticsindustry.org/refocus-sustainability-innovation-awards-program/
https://usplasticspact.org/
https://www.plasticsindustry.org/refocus-sustainability-innovation-awards-program/
https://www.prseventeurope.com/prse2024/en/page/2023-winners
RENEW
Avient’s portfolio of RENEW solutions are designed to advance the circular economy.
HIGHLIGHTS from 2023:
Key Markets
Key Customer Challenges
• Preser ving key natural resources
• Increasing healthcare regulations
• Enabling connectivity & alternative energy
• Increasing regulator y compliance
Avient Solutions & Services
• Specialty formulations, colorants and additives
to meet medical device regulations
• Specialty optical fibers for telecommunications
• Advanced composite and fiber solutions for
alternative energy infrastructure
• Regulator y compliance expertise
PRESERVE
SUPPORTS SUSTAINABLE
INFRASTRUCTURE
Infrastructure Retrofit for Hydrogen Power
Fiber-Line™ Engineered Fibers
LEARN MORE
Healthcare Energy Consumer
NON-PTFE
FORMULATIONS
Non-Fluorinated Polymers
LubriOne™ Internally
Lubricated Formulations
LEARN MORE
UP TO
100%
BIO-BASED
CARRIER
Medical Devices
Mevopur™
Bio-Based Polymer
Solutions
LEARN MORE
75%
Spin Dyed Textile Yarn
Renol™ Spin Dying Colorants
LEARN MORE
LESS WATER
UP TO
40%
BIO-DERIVED
Pharmaceutical Tubing
Versaflex™ HC BIO
BT218 TPE
LEARN MORE
ENABLE
ALTERNATIVE
ENERGY SOURCES
Photovoltaic Wire & Cable
ECCOH™ XL 8148 Cross-Linkable Solutions
LEARN MORE
LEARN MORE
Avient Sustainability
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 44Sustainability Report | 2023 44
https://www.avient.com/news/avient-showcase-world-s-strongest-fiber-and-high-performance-engineered-fibers-techtextil-2024
https://www.avient.com/sites/default/files/2024-04/LubriOne%20Internally%20Lubricated%20Formulations%20PTFE%20Free%20Series%20Product%20Bulletin.pdf
https://www.avient.com/products/polymer-colorants/healthcare-colorants/mevopur-healthcare-bio-based-polymer-solutions
https://www.avient.com/products/polymer-colorants/fiber-colorants/renol-fiber-colorants
https://www.avient.com/sites/default/files/2023-07/Versaflex%20HC%20_%20Versaflex%20HC%20BIO%20-%20BT%20Series%20Product%20Overview.pdf
https://www.avient.com/idea/understanding-needs-and-challenges-photovoltaic-cable
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
Product Stewardship
Management Approach
Protecting associates, customers and the environment by providing safe products is a priority for Avient.
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 40Sustainability Report | 2023 40
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/company/sustainability/sustainability-report/products/how-our-products-enable-sustainability
Service Innovation
Enables Quality Recycle
Post-Consumer Recycle (PCR) Color Predictive Tool
Innovation Award, Winner:
Plastics Industr y Association
Product Technology Innovation, Winner:
Plastics Recycling Awards Europe 2023
Product
Innovation
Enables PCR Claims + Low CO
2
reSound™ Ultra-Low Carbon Footprint TPE
Innovation Award, Finalist:
Plastics Industr y Association
Rejoin™ 100% PCR Masterbatch
Sustainable Packaging Innovation Finalist:
U.S.
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 41
https://www.avient.com/resource-center/services/avient-color-prediction-service
https://www.avient.com/products/thermoplastic-elastomers/resound-ultra-low-carbon-footprint-tpes
https://www.avient.com/products/polymer-additives/antioxidant-additives/cesa-nox-a4r-additive-enhanced-recycling
https://www.plasticsindustry.org/refocus-sustainability-innovation-awards-program/
https://www.prseventeurope.com/prse2024/en/page/2023-winners
https://www.plasticsindustry.org/refocus-sustainability-innovation-awards-program/
https://usplasticspact.org/
https://www.plasticsindustry.org/refocus-sustainability-innovation-awards-program/
https://www.prseventeurope.com/prse2024/en/page/2023-winners
RENEW
Avient’s portfolio of RENEW solutions are designed to advance the circular economy.
HIGHLIGHTS from 2023:
Key Markets
Key Customer Challenges
• Preser ving key natural resources
• Increasing healthcare regulations
• Enabling connectivity & alternative energy
• Increasing regulator y compliance
Avient Solutions & Services
• Specialty formulations, colorants and additives
to meet medical device regulations
• Specialty optical fibers for telecommunications
• Advanced composite and fiber solutions for
alternative energy infrastructure
• Regulator y compliance expertise
PRESERVE
SUPPORTS SUSTAINABLE
INFRASTRUCTURE
Infrastructure Retrofit for Hydrogen Power
Fiber-Line™ Engineered Fibers
LEARN MORE
Healthcare Energy Consumer
NON-PTFE
FORMULATIONS
Non-Fluorinated Polymers
LubriOne™ Internally
Lubricated Formulations
LEARN MORE
UP TO
100%
BIO-BASED
CARRIER
Medical Devices
Mevopur™
Bio-Based Polymer
Solutions
LEARN MORE
75%
Spin Dyed Textile Yarn
Renol™ Spin Dying Colorants
LEARN MORE
LESS WATER
UP TO
40%
BIO-DERIVED
Pharmaceutical Tubing
Versaflex™ HC BIO
BT218 TPE
LEARN MORE
ENABLE
ALTERNATIVE
ENERGY SOURCES
Photovoltaic Wire & Cable
ECCOH™ XL 8148 Cross-Linkable Solutions
LEARN MORE
LEARN MORE
Avient Sustainability
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 44Sustainability Report | 2023 44
https://www.avient.com/news/avient-showcase-world-s-strongest-fiber-and-high-performance-engineered-fibers-techtextil-2024
https://www.avient.com/sites/default/files/2024-04/LubriOne%20Internally%20Lubricated%20Formulations%20PTFE%20Free%20Series%20Product%20Bulletin.pdf
https://www.avient.com/products/polymer-colorants/healthcare-colorants/mevopur-healthcare-bio-based-polymer-solutions
https://www.avient.com/products/polymer-colorants/fiber-colorants/renol-fiber-colorants
https://www.avient.com/sites/default/files/2023-07/Versaflex%20HC%20_%20Versaflex%20HC%20BIO%20-%20BT%20Series%20Product%20Overview.pdf
https://www.avient.com/idea/understanding-needs-and-challenges-photovoltaic-cable
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
Product Stewardship
Management Approach
Protecting associates, customers and the environment by providing safe products is a priority for Avient.
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
Kraton), to expand its global footprint and expertise in thermoplastic elastomer (TPE)
3POLYONE CORPORATION
4
innovation and design.
Kraton), to expand its global footprint and expertise in thermoplastic elastomer (TPE)
innovation and design.
Kraton), to expand its global footprint and expertise in thermoplastic elastomer (TPE)
innovation and design, for approximately $72.8 million.
https://www.avient.com/investor-center/news/avient-expects-double-digit-sales-growth-5g-applications
Versaflex™ CE for 5G TPEs, providing signal transparency for mobile device accessories
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/nymax-rec-recycled-nylon-formulations
Recycled content TPEs for enhanced sustainability
https://www.avient.com/resources/safety-data-sheets?page=5748
MC-87101TPE TPE GRAY 432C
https://www.avient.com/company/sustainability/sustainability-report/people/diversity-inclusion-0
Automotive Windshields to Post-Consumer Recycled Content TPEs
https://www.avient.com/company/sustainability/people/training-and-development
Automotive Windshields to Post-Consumer Recycled Content TPEs
https://www.avient.com/products/polymer-additives
TPEs that are ideal for healthcare, consumer goods and cutting-edge electronics such as wearables