https://www.avient.com/sites/default/files/2024-09/Terms and Conditions of Sale for Italy.pdf
Divieti
Without prejudice to Section 8, if a present or future law,
governmental decree, order, regulation, or ruling under any
existing or future legislation prevents Seller from increasing
or revising the price as provided herein, or nullifies or
reduces any price or price increase hereunder, upon written
notice from one to the other, Seller and Buyer will cooperate
in good faith to attempt to identify mutually agreeable
changes to conform the relevant sale contract with such law,
Fermo restando quanto previsto alla Sezione 8, qualora una
legge, un provvedimento amministrativo, un’ordinanza, un
regolamento o una decisione, presenti o futuri, ovvero una
modifica di qualsivoglia normativa, presente o futura,
impedisca al Venditore di incrementare o rivedere il prezzo
come determinato ai sensi dei presenti Termini, o renda
inefficace o riduca qualunque prezzo o incremento di prezzo
determinato ai sensi dei presenti Termini, il Venditore e
decree, order, regulation, or ruling.
Buyer acknowledges and
represents that it is familiar with and shall strictly comply
with all applicable laws and regulations concerning the trade,
export or re-export of products, services, data or technology
(“Items”), including without limitation the International
Traffic in Arms Regulations (ITAR), the Export
Administration Regulations (EAR), and the economic and
trade sanctions regulations administered by the U.S.
In case of discrepancy between the English version and the
Italian version of these Terms, the English version shall be
the applicable and prevailing one.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Brazil %28English and Spanish Translation%29.pdf
If a present or future law,
governmental decree, order, regulation, or ruling under
any existing or future legislation prevents Seller from
increasing or revising the price as provided herein, or
nullifies or reduces any price or price increase
hereunder, upon written notice from one to the other,
Seller and Buyer will attempt to identify mutually
agreeable changes to conform this contract with such
law, decree, order, regulation, or ruling.
Buyer acknowledges and represents that it is
familiar with and shall strictly comply with all
applicable laws and regulations concerning the trade,
export or re-export of products, services, data or
technology (“Items”), including the International
Traffic in Arms Regulations (ITAR), the Export
Administration Regulations (EAR) and the trade
sanctions regulations administered by the U.S.
The transfer and/or sharing of personal data is
forbidden unless it is an essential requirement for
compliance with these Terms or the legal and
regulatory obligation of one of the parties.
https://www.avient.com/sites/default/files/2021-04/avient-q4-earnings-and-2021-outlook-website.pdf
D
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Median: 5%Median: 3%
Source: Peer data per Bloomberg market data as of February 5, 2021
Avient reflects 2021 estimated revenue of $4,100M and excludes one-time synergy capture CAPEX ($20M)
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
Free Cash Flow Conversion (1)
2021E (%)
Being asset light helps us to generate
strong free cash flow that is in line
with specialty formulators.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
Median: 83% Median: 76%
H I G H F R E E C A S H F L OW
C O N V E R S I O N
Avient reflects 2021 estimated EBITDA of $510M and excludes one-time synergy capture CAPEX ($20M)
Source: Peer data per Bloomberg market data as of February 5, 2021
85 87 86 86
81 81
59
92
88
81 79 79 79
76 76 75
73
67 67
64
60
7
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Source: Peer data per Bloomberg market data as of February 5, 2021
Total Enterprise Value / 2021E EBITDA
Our current valuation implies an
EBITDA multiple that is significantly
below specialty formulator peers and
our historic valuations, when the
company had considerable exposure
to more cyclical and challenging end
markets.
https://www.avient.com/sites/default/files/resources/PDI_Case_Study_-_Medical_Device_0.pdf
With a wealth of experience in polymer research
and technology, they are prepared to handle the most challenging problems.
https://www.avient.com/sites/default/files/2023-06/2023 Advanced Composites Automotive Overview.pdf
KEY CHARACTERISTICS
• Lightweight
• High strength & stiffness
• Excellent fatigue & impact resistance
• Exceptional strength-to-weight ratio
• Strong adhesive properties
• Chemical and corrosion resistance
• Reduced NVH compared to metals
• Rapid cycle times
• Low VOCs
VALUE SOLUTION
• Replaces metal without sacrificing strength
• Reduced vehicle weight improves fuel
economy, reduces energy consumption
• Selective reinforcement adds strength in high
stress areas
• Easily integrated & streamlined manufacturing
process
• Easy bonding to various materials
• Increases structure & puncture resistance
• Can be used in injection and compression
overmolding operations
• Enables thin-walling and material reduction by
adding reinforcement to traditional materials
• Able to be re-formed, reused, recycled
USES & APPLICATIONS
• Interior structural reinforcement such as walls,
load floors, headliners, door panels, storage,
storage lids, and trim pieces
• External body panels
• Front end and door module reinforcement
• Service access cover reinforcement
• Interior hatch covers
GORDON COMPOSITES™ & GLASFORMS™
THERMOSET COMPOSITES
Gordon Composites™ and Glasforms™ thermoset
composites are made with proprietary resin/
fiber reinforcement technologies.
https://www.avient.com/sites/default/files/2021-06/fl.datasheet-strengthmembers.pdf
We believe that our ongoing
commitment to protect the environment, to remain at
the forefront of fiber and coating technology, and to
‘treat others as we want to be treated’ will continue to
drive the success of our customers, shareholders, and
employees.
https://www.avient.com/sites/default/files/2021-06/fl.datasheet-extrusion.pdf
We believe that our ongoing
commitment to protect the environment, to remain at
the forefront of fiber and coating technology, and to
‘treat others as we want to be treated’ will continue to
drive the success of our customers, shareholders, and
employees.
https://www.avient.com/sites/default/files/2022-10/2022 Automotive Industry Overview Brochure.pdf
Our global team is here to accelerate development and part
approvals, supporting you with:
• Materials that meet over 500 automotive polymer OEM
specifications
• More than 14,000 color and additive approvals for OEM
specifications, including more than 2,000 UL94-registered
concentrates and pre-colors
• Advanced design and color expertise
PORTFOLIO HIGHLIGHTS
Specialized polymers and composites
• Thermoplastic Elastomers
• Recycled and Bio-based Thermoplastic Elastomers
• Long Fiber Reinforced Formulations
• Thermally Conductive Formulations
• Static Dissipative, Electrically Conductive, and EMI/RFI
Shielding Formulations
• Pre-Colored Thermoplastics for Premium Finishes
• Engineered Polymer Formulations
• Continuous Fiber Tapes & Laminates
Colorants, additives, and plastisols
• Solid & Liquid Colorants (special effects & bio-based)
• Colorant and Additive Concentrates
• Functional and Performance Additives (UV, FR,
antimicrobial, and more)
• Liquid Additives
• Chemical Foaming and Nucleating Agents
• High-Temperature Concentrates
• Silicone Dispersions
• Vinyl Powders and Plastisols
Design & Color Services
• Avient Design
• ColorWorks™ Design & Technology Centers
UNDERHOOD
Air Management
Fuel Systems
Filters/Cleaners
Engines/Power train
Fans & Shrouds
Engine & Cam Covers
Fluid Reservoirs
Sealing Systems
Wire & Cable and Connectors
Battery Systems & Supports
EV Battery Systems
Sensors/Controls/Actuators
Turbo/Super Chargers
Control Modules/Valves
Gears & Hoses
HVAC Systems
Electrical Control Units
EXTERIOR
Move over metal... our material
and colorant solutions enable
you to replace metal and paint
while improving miles per gallon
or per charge.
https://www.avient.com/sites/default/files/2021-10/information-systems-use-policy-final-9.1.2021.pdf
EXPECTATIONS FOR USE OF INFORMATION SYSTEMS
Users shall:
• Use all Information Systems consistent with their intended purpose, Avient business
objectives, and the Code of Conduct;
• Take necessary steps to prevent unauthorized access to and maintain security of
Confidential Data;
• Use only approved and secured methods when sharing Confidential Data and ensure
recipients have authorization to receive Confidential Data and/or have obtained prior
approval from User’s manager; and
• Obtain approval from Avient’s Information Technology department before procuring,
installing, connecting, using, or decommissioning software, systems, applications, or non-
Avient devices to or from Information Systems, including, but not limited to, on premise
and cloud-based systems.
https://www.avient.com/sites/default/files/2023-06/AVIENT_TPEs and LSR eBook.pdf
One caveat: Typical TPE shrinkage is around 2% while that of substrate materials
is closer to 1%.
However, price
per pound is just one aspect of the overall cost.