https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/bergamid-fr-non-halogen-flame-retardant-formulations
Ideal for applications requiring dimensional stiffness at high operating temperatures, our Bergamid™ line combines the application flexibility of nylon with the eco-conscious performance of a non-halogenated fire retardant system.
The Bergamid family of products are available in a PA 6, PA 66, and PA 6/66 base resin in unfilled or reinforced systems.
Avient assists in creating electronic connector for a new, low-cost computer to meet technical requirements, avoid over-engineering and meet cost-performance requirements with Bergamid™ nylon material
https://www.avient.com/resource-center?document_subtype=216&document_type=253&page=1
The focus for this study was to develop thermoplastic elastomer compounds that would overmold onto substrates made from Nylon (PA), Polycarbonate (PC), Acrylonitrile-butadiene-styrene (ABS), and PC/ABS alloys
Background of old nylon overmolding compared to new polyamide technology
https://www.avient.com/sites/default/files/2020-09/bettcher-case-study-1.pdf
Spurred by the need for high strength and low
weight, Avient quickly identified a Complēt™ long
glass fiber nylon composite as a best-fit solution.
Using the new Complēt long glass fiber nylon
formulation, the redesigned yoke underwent testing
at Bettcher to simulate 500,000 run cycles.
https://www.avient.com/sites/default/files/2020-11/gls-tpes-soft-touch-selection-guide.pdf
GENERAL PURPOSE GLS TPES FOR PACKAGING
SOFT TOUCH GRIPS BONDING TO POLAR SUBSTRATES
GENERAL PURPOSE GLS TPES FOR PACKAGING
SOFT TOUCH GRIPS BONDING TO NON POLAR SUBSTRATES
Dynaflex™
G2711
Dynaflex™
G2780
Dynaflex™
G6713
Dynaflex™
G7960
Versalloy™
XL9045
Versaflex™
CL40
Aesthetics
Grippy, 43A
& translucent
Low tack, 84A
& translucent
Extra soft, 13A
& translucent
Rubbery, 60A
& opaque
Matte, 45A
& natural
Grippy, 40A
& water clear
Special
Characteristics
Grippy medical
grade
PP & PE OM Extra soft
General
purpose
High flow &
fast setup
Water clear
Regulatory
FDA, EU &
USP VI
FDA FDA & EU FDA FDA FDA & EU
Overmolding Polypropylene
Polypropylene &
Polyethylene
Polypropylene Polypropylene Polypropylene Polypropylene
Versaflex™
CL 2250
Versaflex™
OM 3060
Versaflex™
CE 3120-65
Versaflex™
CE 3620
Versollan™
RU 2205
Aesthetics
Grippy, 50A
& clear
Grippy, 59A
& clear
Silky feel, 65A
& matte finish
Silky feel, 65A
& matte finish
Grippy, 65A
& matte finish
Special
Characteristics
Clear overmold Clear overmold
Abrasion resistance
& high strength
Low compression set
& high flow
Abrasion resistance
& high strength
Regulatory FDA & USP VI FDA & USP VI UL 94
FDA &
ISO 10993-10
—
Overmolding Polycarbonate
Polycarbonate
& ABS
Polycarbonate,
ABS, Copolyester
& Nylon 12
Polycarbonate,
ABS, Copolyester
Polycarbonate,
ABS, Copolyester
& Nylon 12
1.844.4AVIENT
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Presentation%5B70%5D.pdf
GUIDANCE
( T O TA L C O M PA N Y )
8
15.4%
15.9%
Guidance Actual
Adjusted EBITDA Margin %
Better-than-expected margins
driven by:
• Favorable mix - strong
demand for composite
applications
• Raw material deflation
Q2 EBITDA BRIDGE
( T O TA L C O M PA N Y )
9
($ millions)
CAI:
Price / Mix 7)
Deflation 11)
SEM:
Price / Mix 2)
Deflation 6)
Net Price Benefit 26)
Wage and Energy Inflation (10)
Cost Reductions 13)
FX (2)
Q2 2023 Actual $131)
Adjusted
EBITDA
Q2 2022 Pro Forma $ 172)
Demand (68) • Demand conditions vs.
Global Compact
• Highlights ESG Performance, including
ratings, awards, and certifications
• Features increased carbon emissions
disclosures, including Climate Change Scenario
Analysis and Scope 3 emissions data
• Outlines Sustainable Supplier Program,
designed to enable supplier evaluation &
collaboration
• Reflects Great Place To Work® culture focused
on safety, employee engagement and
advancing diversity, equity and inclusion
20 22 SUSTAI NA BILI TY REPORT
15
Avient Confidential 16
• Virtual presentation to be held
September 20, 2023
• Leadership will be conducting
an investor-focused
presentation around our
sustainable solutions portfolio
• Deep dive into how we enable
customers to achieve their
sustainability goals
SUSTAINABILITY DAY
16
…are Growing at Twice the Rate as
Conventional Products
Sustainably-Branded Products…
STAKEHOLD ER INFLUENC E D RI VES D EMA ND
Consumers
Are demanding
recyclability and eco-
conscious products
Governments
Are mandating changes
through legislation, taxes,
and regional accords
Brand Owners
Have committed to
ambitious goals to achieve
sustainability metrics
17
A P P E N D I X
20
Performance
Additives
16%
Pigments
12%
TiO2
10%
Dyestuffs
2%
Polyethylene
11%
Nylon
6%
Polypropylene
5%
Styrenic Block
Copolymer
5%
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
2022 pro forma results for the acquisition of Avient Protective Materials
RA W MATERI AL BA SKET
PEER COMPARISONS
AVI ENT I S ASSET LI GHT
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of July 21, 2023
Note: Avient reflects 2023 estimated revenue of $3,280 and estimated run-rate CAPEX of $110M.
22
3
2
3 3
4 4
3 3
4
5 5
7
8 8
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
R
P
M
A
V
Y
F
M
C
H
U
N
C
E
H
X
L
E
C
L
A
S
H
E
M
N
S
C
L
FR EE CA SH FLOW CONV ER SION
Source: Peer data per Bloomberg as of July 21, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years.
24
EV / 2023E EBITDA
Historic Multiple
6.5
8.3
10.3
14.4
13.6 13.6
12.4
9.0
20.2
18.2
11.5
10.6
9.7 9.6
8.7 8.3
A
vi
e
n
t
(2
0
1
1
)
A
vi
e
n
t
(2
0
1
8
)
A
vi
e
n
t
(2
0
2
3
)
R
P
M
P
P
G
K
W
R
A
V
Y
F
U
L
E
C
L
H
X
L
F
M
C
A
S
H
S
C
L
C
E
H
U
N
E
M
N
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
SEGMENT DATA
U.S. & Canada
40%
EMEA
37%
Asia
18%
Latin America
5%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
20%
Packaging
24%
Industrial
15%
Building and
Construction
10%
Telecommunications
4%
Energy
4%
Defense
6%
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
Transportation
9%
Healthcare
8%
26
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2 0 2 2 R E V E N U E | $ 2 . 4 B I L L I O N
US & Canada
34%
EMEA
38%
Asia
20%
Latin America
8%
END MARKET REGION
27
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
2%
COLOR , AD DI TI VES & INKS
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
US & Canada
52%
EMEA
35%
Asia
13%
28
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9% Defense
15%
Building &
Construction
8%
END MARKET REGION
SPEC IA LTY ENGI NEER ED MATERI ALS
Packaging
32%
Consumer
27%
Healthcare
8%
Industrial
14%
Building &
Construction
5%
Telecommunications
3%
Energy
1% Defense
1%
Asia
(18% 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
Packaging
27%
Consumer
14%
Healthcare
5%
Industrial
17%
Building &
Construction
10%
Energy
5%
Defense
8%
EMEA
(37% of sales)Transportation
11%
Packaging
13%
Consumer
24%
Healthcare
12%
Industrial
15%
Building &
Construction
13%
Energy
5%
Defense
5%
US &
Canada
(40% of sales)
Transportation
7%
Packaging
56%
Consumer
23%
Healthcare
4%
Industrial
7%
Building &
Construction
4%
Telecommunications
1%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
3%
Telecommunications
6%
29
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.
https://www.avient.com/sites/default/files/2024-03/OnForce -Swimming pool cleaner connector-Case Study Snapshot.pdf
SWIMMING POOL
CLEANER OEM
C L E A N E R C O N N E C T O R
• Durable and will not rust
• Dimensional stability
• Easy to process
• Delivered a corrosion-resistant, long glass
fiber-reinforced material with excellent
strength and modulus to replace steel
• Offered low moisture absorption and good
chemical resistance to maintain performance
• Responded quickly and provided local
technology support on mold design and
injection process
OnForce Long Glass Fiber Nylon Composite
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-09/case-study-one-pager-gls-om-bergamid-victorinox-pen-knife-1.pdf
VICTORINOX
S W I S S S O L D I E R ’ S K N I F E
Transition from metal to polymer handle that would be more
ergonomic and provide:
• Scratch and chemical resistance
• Impact resistance and durability
• A grippy, soft-touch feel
• Collaborated with the customer to fully
understand and meet their design challenges
and goals
• Used design and material expertise to develop
a customized two-material solution that met all
key requirements
• Enabled the customer to produce a new,
innovative product appealing to its consumers
Bergamid™ nylon copolymer overmolded with
GLS™ TPE
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-11/off-road-vehicle-hood-panel-case-study-brief.pdf
O F F - ROA D V E H I C L E
B R A N D
H O O D P A N E L
• High gloss
• Scratch appearance resistance
• Ease of processing
• Provided technical support from concept to
production
• Conducted FEA and mold flow analysis
• Had solutions for either natural plus
concentrate or pre-colored to best meet
customer needs
• Customized colors to match brand identity
and preference
Artisan™ Nylon PA6 Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-12/Complet LFT OHP Side by Side Seat Pan %281%29.pdf
OFF-ROAD VEHICLE
MANUFACTURER
S E A T P A N
• Consolidate parts to reduce assembly time and lower
manufacturing costs
• Maintain performance while replacing metal seat pan with
lightweight composite material
• Aided consolidation of multiple metal parts
and fasteners into a single injection molded
component, lowering costs $100k year
• Saved time and money using FEA validation
to confirm real-world performance before
building tooling
• Created full-size 3D printed prototypes to
test fit and function
Complēt™ Long Glass Fiber Nylon Composite
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-04/Bergamid_ - Air gun bullet casing- Application Snapshot.pdf
AIRGUN BULLET
MANUFACTURER
B U L L E T C A S I N G
• Reduce weight by replacing metal
• Gunpowder free
• Less shooting energy from 100 Joules to 20 Joules
• Delivered a high-impact nylon formulation
with equal performance and 80% less weight
• Enabled improved shooting accuracy due to
the stable coefficient of friction(COF)
• Provided fast technical response and mold
trial support
Bergamid™ Polymer Formulation
KEY REQUIREMENTS
WHY AVIENT?