https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
Each of such adjustments has not yet occurred, are out of
Avient’s control and/or cannot be reasonably predicted.
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.
2
3
AVIENT OVERVIEW
OUR VISION: Creating specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world
2023 Financial GuidanceCompany Overview 2022 Pro Forma Revenue By:
9,700
Employees
104
Manufacturing
Sites
20,000+
Customers
Key Highlights
Premier formulator of specialized and
sustainable material solutions
Asset-light business model, with
flexibility to adapt to customer needs
Best-in-class technology and service
(140+ PhDs / 2,500+ patents)
History of transformation through
successful M&A while consistently
returning cash to shareholders
Poised for continued future growth in
excess of GDP
$3.4B
Revenue
$2.40
Adjusted EPS
$530M
Adjusted EBITDA
15.6%
Adjusted EBITDA Margins
$200M
Free Cash Flow
2.9x
Net Leverage
Over $1B in share
buybacks since 2011
Raised dividend for 12
consecutive years, a
16% CAGR since 2011
Geography
Segment
Industry
U.S. &
Canada
EMEA
Asia
Latin America
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
40%
37%
18%
5%
6%
8%
24%
20%
10%
15%
9% 4% 4%
Defense
Healthcare
Packaging
Consumer
Building &
Construction
Industrial
Transportation
Energy Telecom
4
C R EAT I N G A WO R L D- C L A SS
S US TA I NA B L E ORG A N I ZAT I ON
1. 6.5% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
GUIDANCE
( T O TA L C O M PA N Y )
12
14.8%
15.8%
Guidance Actual
Adjusted EBITDA Margin %
Better-than-expected margins
driven by:
• Resilient demand for
composites and sustainable
solutions which improved
mix of higher margin
applications
• Deceleration of raw material
inflation
• Cost reduction activities
Q1 EBITDA BRIDGE
( T O TA L C O M PA N Y )
13
$ millions
CAI:
Price / Mix 19)
Inflation (4)
SEM:
Price / Mix 6)
Inflation (4)
Net Price Benefit 17)
Wage and Energy Inflation (13)
Cost Reductions 8)
FX (6)
Q1 2023 Actual $134)
Adjusted
EBITDA
Q1 2022 Pro Forma $ 176)
Demand (48) • Weak demand
conditions in-line
with previous
expectations
• Pricing continues to
cover inflation of raw
materials, wages
and energy
U.S. & Canada
40%
EMEA
38%
Asia
17%
Latin America
5%
Q1 2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
18%
Packaging
23%
Healthcare
7%
Industrial
16%
Building and
Construction
10%
Defense
6%Telecommunications
4%
Energy
5%
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $846M and $134M, respectively, include intercompany sales eliminations and corporate costs
$537M $91M
$310M $64M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$134M$846M
(1)
14
Transportation
11%
Q1 2 023 SA LES BY R EGI ON
Y o Y C H A N G E ( E X C L .
https://www.avient.com/news/avient-launches-additional-resound-bio-based-tpes-formulated-renewable-plant-derived-content
These new grades contain 35 to 75 percent bio content, validated using ASTM C6866-21 method B.
https://www.avient.com/news/avient-launches-new-bio-filled-polymer-grades-fakuma-2021
The new reSound™ NF bio-filled grades are based on polymers such as polypropylene (PP) with 15 to 20 percent bio-based filler.
https://www.avient.com/news/polyone-eco-conscious-solutions-help-schneider-electric-achieve-sustainability-goals
The OnFlex TPE material serves as an impermeable elastic membrane, reducing air leakage by 95 percent compared to standard electrical installation boxes, and leads to energy savings for Schneider’s customers.
https://www.avient.com/news/demanding-applications-new-polyone-tpe-nylon-grips-improves-oil-and-abrasion-resistance
Testing under ASTM D3389 proved that this new material delivers 40 percent better abrasion resistance than a leading competitor’s product, as well as incumbent GLS nylon overmolding grades.
https://www.avient.com/news/polyone’s-new-bergamid-polyamide-improves-weld-strength-and-aesthetics-laser-welded-parts
Polymers used for laser welding must allow a minimum 20 percent transmission rate for laser energy.
https://www.avient.com/news/avient-introduces-cesa-fiber-additives-heat-preservation-help-meet-fashion-design-s-functional-needs
This represents a performance improvement of up to one-hundred percent over Avient’s previous generation of additives which have been the leading solutions in fiber industry.
https://www.avient.com/news/bio-based-tpe-biopharmaceutical-tubing-added-avient-s-sustainable-healthcare-solutions
In contrast, the bio-derived grade offers greenhouse gas emissions at 2.35 kg CO2e / kg product, a nearly 25 percent lower cradle-to-gate product carbon footprint (PCF) than Avient’s standard Versaflex HC BT218 grade.
https://www.avient.com/news/polyone-onflex-lo-tpes-awarded-low-voc-technology-improves-automotive-interior-experience
OnFlex LO, PolyOne’s newest ground-breaking TPE technology, reduces volatile organic compounds (VOCs) by up to 50 percent versus existing TPEs, and minimizes fogging and odor in interior automotive components.
https://www.avient.com/news/avient-expands-production-nymax-rec-recycled-nylon-formulations-istanbul
These PA6-based Nymax REC formulations contain between 20 and 100 percent recycled content from registered sources approved by the European Union regulation for Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), such as recycled textiles.