Avient Corporation · NYSE:AVNT
Avient — Investor Presentation (November 2024)
25 slides from Avient's investor presentation, November 2024
Slide 1: Avient Corporation Investor Presentation
AVIENT CORPORATION I N V E S TO R P R E S E N TAT I O N (NYSE: AVNT) N OVEMBER 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: Avient Overview
AVIENT OVERVIEW Company Overview 2023 Financial Results Revenue By: Latin America 102 $3.14B $2.36 Geography 5% U.S. & 9,300 Manufacturing 20,000+ Revenue Adjusted EPS Asia 18% Canada Employees Customers Sites 41% $502M Adjusted EBITDA 36% Innovating materials and 16.0% EMEA processing solutions t
Slide 4: Sustainability Performance and Recognition
SUSTAINABILITY PERFORMANCE AND RECOGNITION Industry Sustainability Standards Avient CDP Score: 94th percentile A- ESG Ratings Performance 87th 1 2 4 4
Slide 5: October 31, 2024 Webcast Presentation
OCTOBER 31, 2024 WEBCAST P R E S E N TA T I O N
Slide 6: 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 7: Q3 2024 Results
Q 3 2 0 2 4 R E S U LT S
Slide 8: Total Company
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) 8
Slide 9: 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% 9 Note: Regional Sales Percentages exclude impact of foreign exchange
Slide 10: 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 11: 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 12: 2024 Guidance
®, > 2024 GUIDANCE y
Slide 13: 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 14: 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 available at www.avient.com/investors 14
Slide 15: Avient
<AVIENT
Slide 16: Appendix
APPENDIX
Slide 17: 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 18: Segment Data
SEGMENT DATA SX<AVIENT
Slide 19: 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 20: 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% 20
Slide 21: 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% 21
Slide 22: 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 23: 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 24: 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 25: Year Ended December 31, 2023 Reconciliation
Year Ended December 31, 2023 Reconciliation to Condensed Consolidated Statements of Income $ EPS Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83 Special items, after-tax 79.3 0.86 Amortization expense, after-tax 61.5 0.67 Adjusted net income / EPS $ 216.6 $ 2.