Slide 1: Third Quarter 2024 Results and 2024 Financial Guidance
AVIENT CORPORATION TH I R D Q UA RT ER 2 0 2 4 R E SU LT S A N D 2 0 24 FINANCIAL GUIDANCE (NYSE: AVNT) OCTOBER 31, 2024
Slide 2: Disclaimer: Forward-Looking Statements
DISCLAIMER Forward-Looking Statements Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or foreca
Slide 3: Q3 2024 Highlights
Q3 2024 HIGHLIGHTS • 8.5% organic sales growth driven by broad-based Adj. EBITDA growth across all regions and most end markets in both $130 million CAI and SEM segments • Growth stemmed from gaining share, winning new product specifications and restocking in certain end +6% Net Sales (+7% ex FX) ma
Slide 4: Q3 2024 Results
Q 3 2 0 2 4 R E S U LT S
Slide 5: Total Company (Q3 2024 Performance vs Q3 2023)
TOTAL COMPANY (Q3 2024 PERFORMANCE VS Q3 2023) Sales Adjusted EBITDA Adjusted EPS + 8% + 6% + 14% (+8.5% excluding FX) (+7% excluding FX) (+16% excluding FX) $815 $130 $0.65 $123 $754 $0.57 Q3 23 Q3 24 Q3 23 Q3 24 Q3 23 Q3 24 (in millions) (in millions) 5
Slide 6: Q3 2024 Results – Organic Revenue Growth by Region
Q3 2 024 RESULTS – ORGA NI C REVENUE GROW TH BY REGI ON VS PY US & Canada +9% EMEA Asia +5% Latin America +11% +27% Avient ex. FX +8.5% FX -0.4% Total Avient +8.1% 6 Note: Regional Sales Percentages exclude impact of foreign exchange
Slide 7: Color, Additives & Inks Segment
COLOR, ADDITIVES & INKS SEGMENT (Q3 2024 PERFORMANCE VS Q3 2023) Sales Sales Adjusted EBITDA + 7% + 9% (+8% excluding FX) (+11% excluding FX) $522 $97 • Sales growth driven by winning $487 new product specifications in $89 consumer & packaging, strong underlying demand in healthcare and improving de
Slide 8: Specialty Engineered Materials Segment
SPECIALTY ENGINEERED MATERIALS SEGMENT (Q3 2024 PERFORMANCE VS Q3 2023) Sales Sales Adjusted EBITDA + 10% + 12% (+10% excluding FX) (+13% excluding FX) $295 $57 • Sales growth driven by restocking $268 $51 in healthcare & consumer end markets and strong underlying demand for composite applications u
Slide 9: 2024 Guidance
®, > 2024 GUIDANCE y
Slide 10: FY 2024 Guidance
FY 20 24 GUIDA NC E Previous (Aug 6) Current Adjusted EPS $2.55 to $2.70 $2.63 to $2.67 Adjusted EBITDA $515 to $540 million $525 to $530 million Interest Expense $105 million $104 million Adjusted Effective Tax Rate 23% to 25% 23% to 25% Capital Expenditures & ~$140 million ~$140 million Investment
Slide 11: 2024 Avient Investor Day
20 24 AVI ENT INVESTOR DAY • Investor Day to be held December 4, 2024 at the NYSE, beginning at 10AM • The focus will be to do a deep dive on the Company’s strategy • Registration and microsite will be available in early November 11
Slide 12: Avient
<AVIENT
Slide 13: Appendix
APPENDIX
Slide 14: Raw Material Basket
RA W MATERI AL BA SKET Performance Additives 15% Other Raw Materials 38% Pigments 13% Non-hydrocarbon based materials TiO2 9% Styrenic Block Copolymer Dyestuffs 4% 2% Polypropylene Polyethylene 4% Nylon 10% 5% ~40% hydrocarbon based (Grey shaded materials are hydrocarbon based, includes portion of “
Slide 15: Segment Data
SEGMENT DATA SX<AVIENT
Slide 16: 2023 Segment, End Market and Geography
2023 SEGMENT, END MARKET AND GEOGRAPHY SEGMENT FINANCIALS END MARKET REVENUE GEOGRAPHY REVENUE Energy Defense Latin America 5% 7% 5% $3,143M $502M Telecommunications 4% Asia Consumer U.S. & Canada Building and 18% 19% 41% Construction $1,138M $224M 9% Transportation 10% $2,007M $358M Packaging Indus
Slide 17: Color, Additives & Inks: 2023 Revenue
COLOR , AD DI TI VES & INKS 2023 REVENUE | $2.0 BILLION END MARKET REGION Telecommunications 1% Energy Latin America Building & 2% 8% Construction 10% US & Canada 34% Transportation Packaging 9% 34% Asia 21% Industrial 15% Healthcare 8% Consumer 21% EMEA 37% 21
Slide 18: Specialty Engineered Materials: 2023 Revenue
SPEC IA LTY ENGI NEER ED MATERI ALS 2023 REVENUE | $1.1 BILLION END MARKET REGION Energy 10% Asia Defense 13% 18% US & Canada Telecommunications 52% 9% Packaging 5% Building & Construction 8% Consumer 16% EMEA Transportation 35% 12% Healthcare Industrial 6% 16% 22
Slide 19: 2023 Avient Regional Sales by End Market
2 0 2 3 AV I E N T R E G I O N A L S A L E S BY END MARKET Defense Energy Energy 8% Defense 5% 8% Telecommunications 6% Packaging Telecommunications 4% 13% 4% Building & Construction 9% Packaging Building & Construction 25% 12% US & Canada Consumer EMEA 22% Transportation (36% of sales) (41% of sale
Slide 20: Reconciliation of Non-GAAP Financial Measures
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
Slide 21: Three Months Ended September 30
Three Months Ended September 30, 2024 2023 Sales: Color, Additives and Inks $ 521.5 $ 486.5 Specialty Engineered Materials 294.6 267.9 Corporate (0.9) (0.7) Sales $ 815.2 $ 753.7 Operating income: Color, Additives and Inks $ 75.5 $ 64.5 Specialty Engineered Materials 36.4 30.3 Corporate (34.7) (60.5
Slide 22: Year Ended December 31, 2023
Year Ended December 31, 2023 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