Slide 1: Second Quarter 2024 Results and 2024 Financial Guidance
AVIENT CORPORATION SE C O N D Q UA RT ER 2 0 24 R ES U LTS A N D 2024 FINANCIAL GUIDANCE (NYSE: AVNT) AUGUST 6, 2024
Slide 2: Disclaimer
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: Q2 2024 Highlights
Q2 2024 HIGHLIGHTS Adj. EBITDA • 5% organic sales growth supported by $143 million Net Sales broad-based growth across all regions $850 million in both CAI and SEM segments +9% • Growth stemmed from gaining share, +3% winning new product specifications (+5% ex FX) and restocking in certain end marke
Slide 4: Q2 2024 Results
Q 2 2 0 2 4 R E S U LT S
Slide 5: Q2 2024 Performance vs. Q2 2023 (Total Company)
Q2 2024 PERFORMANCE VS. Q2 2023 ( T O TA L C O M PA N Y ) Sales Adjusted EBITDA Adjusted EPS + 3% + 9% + 21% (+5% excluding FX) (+12% excluding FX) (+25% excluding FX) $850 $143 $0.76 $824 $131 $0.63 Q2 23 Q2 24 Q2 23 Q2 24 Q2 23 Q2 24 (in millions) (in millions) 5
Slide 6: Q2 2024 Results – Organic Sales by Region vs PY
Q2 2 024 RESULTS – ORGA NI C SA LES BY REGION VS PY US & Canada +5% EMEA Asia +4% Latin America +1% +19% Avient ex. FX +4.6% FX -1.5% Total Avient +3.1% 6 Note: Regional Sales Percentages exclude impact of foreign exchange
Slide 7: Q2 2024 Segment Performance (Color, Additives & Inks)
Q2 2024 SEGMENT PERFORMANCE (COLOR, ADDITIVES & INKS) Sales Sales Adjusted EBITDA + 3% + 15% (+5% excluding FX) (+17% excluding FX) $542 $108 $525 $94 • Organic sales growth in all regions led by Americas +200 bps 19.9%* • Raw material deflation combined with cost reduction actions drove 17.9%* EBIT
Slide 8: Q2 2024 Segment Performance (Specialty Engineered Materials)
Q2 2024 SEGMENT PERFORMANCE ( S P E C I A LT Y E N G I N E E R E D M AT E R I A L S ) Sales Sales Adjusted EBITDA + 2% + 7% (+4% excluding FX) (+8% excluding FX) $308 $64 $301 • Sales growth in consumer, $60 healthcare and building & construction end markets offset by weaker demand in +80 bps teleco
Slide 9: 2024 Guidance
®, > 2024 GUIDANCE y
Slide 10: FY 2024 Guidance
FY 20 24 GUIDA NC E Previous (May 7) Current Adjusted EBITDA $510 to $535 million $515 to $540 million Adjusted EPS $2.50 to $2.65 $2.55 to $2.70 Interest Expense $105 million $105 million Adjusted Effective Tax Rate 23% to 25% 23% to 25% Capital Expenditures ~$140 million ~$140 million Q3 2024: Adj
Slide 11: 2023 Sustainability Report
20 23 SUSTAI NA BILI TY REPORT Highlights • Provides performance updates on 2030 Sustainability Goals • Reduced company’s Scope 1 & 2 GHG emissions by 48% since 2019 • Highlights ESG performance ratings, certifications, and awards, including recent upgrades by Ecovadis to Gold and CDP to A- • Reflec
Slide 12: 2024 Avient Investor Day
20 24 AVI ENT INVESTOR DAY • Investor Day to be held December 4, 2024 in New York, NY • The focus will be to do a deep dive on the Company’s strategy • Further details to be communicated 12
Slide 13: Avient
<AVIENT
Slide 14: Appendix
APPENDIX
Slide 15: 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 16: Segment Data
SEGMENT DATA SX<AVIENT
Slide 17: 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 18: Color, Additives & Inks
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% 18
Slide 19: Specialty Engineered Materials
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% 19
Slide 20: 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 21: 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 22: Three Months Ended June 30
Three Months Ended June 30, 2024 2023 Sales: Color, Additives and Inks $ 542.0 $ 524.5 Specialty Engineered Materials 308.1 300.8 Corporate (0.4) (0.9) Sales $ 849.7 $ 824.4 Operating income: Color, Additives and Inks $ 86.1 $ 68.0 Specialty Engineered Materials 42.8 39.7 Corporate (56.4) (45.4) Ope
Slide 23: 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