Avient Corporation · NYSE:AVNT
Avient — Investor Presentation (February 2025)
30 slides from Avient's investor presentation, February 2025
Slide 1: Avient Corporation Investor Presentation February 2025
Avient Corporation AVNT Investor Presentation FEBRUARY 2025
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 at a glance
Avient at a glance... Specialty 2024 sales by end market Engineered Materials PACKAGING 37% 23% SEM CONSUMER 2024 SALES 2024 ADJ. EBITDA 2024 sales 20% by business segment $3.2B $526M Color, Additives 63% INDUSTRIAL 15% & Inks 2024 ADJ. EPS TRANSPORTATION CAI 10% $2.66 BUILDING & CONSTRUCTION US, 10
Slide 4: Key Messages
Key Messages Our primary focus is on organic revenue growth and margin expansion ► intersect secular trends and high growth markets with our technologies ► catalyze growth in our core build businesses in high growth Avient is evolving to markets its next phase as an ► innovator of materials solution
Slide 5: Our purpose and strategic framework
Our purpose and strategic framework Copyright © 2025 . Avient Corporation. All Rights Reserved 5
Slide 6: Intersecting secular trends and high growth markets with our technologies
Intersecting secular trends and high growth markets with our technologies to create product platforms of scale Copyright © 2025 . Avient Corporation. All Rights Reserved 6
Slide 7: Strategic approach to drive sustainable growth: Catalyze the core
Strategic approach to drive sustainable growth Avient sales growth Catalyze 1. Enhanced customer focus the core 2. Solutions from across all Avient 3. Eliminate complexity of portfolios, go-to-market models and organization 4. Amplify innovation to grow double-digits in prioritized businesses throug
Slide 8: Strategic approach to drive sustainable growth: Build new platforms of scale
Strategic approach to drive sustainable growth Avient sales growth Build new 1. Play bigger and bolder in high growth markets and portfolios supported by secular trends to platforms create product platforms of scale of scale 2. Prioritize company-level growth vectors meeting the four-point criteria
Slide 9: Strategic approach to drive sustainable growth
Strategic approach to drive sustainable growth Avient sales growth ► Prioritizing 2 Portfolios in high growth markets ► differently grow faster than core – building GROWING sizeable businesses of scale rapidly AT BUILD NEW PLATFORMS OF SCALE GROWING ► Creating “space” AT 1 Core grows above macro dri
Slide 10: Organic revenue growth with margin expansion
Organic revenue growth with margin expansion LONG TERM FINANCIAL TARGETS +100 to +200bps above GDP Organic revenue growth Copyright © 2025 . Avient Corporation. All Rights Reserved 10
Slide 11: Pathway to 20%+ adjusted EBITDA margins
Pathway to 20%+ adjusted EBITDA margins Avient margin expansion Schematic illustration only 1 Operating • Organic volume growth and +400bps leverage SG&A efficiencies from prioritizing margin expansion 20%+ resources across the company +2% Strategic objective 2 +1% Operating Mix • Increased sales in
Slide 12: Disciplined capital allocation
Disciplined capital allocation PRIORITIZATION AND PHILOSHOPY Expected annual spend between 3-5% of revenue to 1 Capex support investment in organic growth 2 Dividends Increasing each year with underlying earnings growth 3 Debt pay down Target net debt to adjusted EBITDA less than 2.5x 4 Share repurc
Slide 13: Avient is a compelling investment thesis
Avient is a compelling investment thesis Copyright © 2025 . Avient Corporation. All Rights Reserved 13
Slide 14: 2024 Results
2024 Results
Slide 15: Full-year 2024 highlights
Full-year 2024 highlights ► 4% organic revenue growth for Avient; FY 2024 FULL YEAR 2024 VS. FULL YEAR 2023 3% for CAI and 6% for SEM results ORGANIC * FX AS REPORTED ► Adjusted EBITDA margin expanded 20 bps for Avient; 90 bps for CAI and 110 bps for SEM Sales $3,240M 4.0% (0.9%) 3.1% ► New strategy
Slide 16: Full-year 2024 organic revenue growth - by region
Full-year 2024 organic revenue growth - by region US & Canada Europe, Middle Asia Latin America East & Africa ▲5% ▲1% ▲5% ▲15% Year-over-year revenue growth, excludes the impact of foreign exchange Copyright © 2025 . Avient Corporation. All Rights Reserved 16
Slide 17: Color, Additives & Inks – full year 2024 performance
Color, Additives & Inks – full year 2024 performance Sales Adj. EBITDA • Driven by new applications for drug delivery and building & construction as well as demand 384 recovery in packaging and 2,047 358 consumer 2,007 EXCL. EXCL. FX FX • Adjusted EBITDA margin expansion driven by higher sales and n
Slide 18: Specialty Engineered Materials – full year 2024 performance
Specialty Engineered Materials – full year 2024 performance Sales Adj. EBITDA • Growth headlined by strong demand for applications in 1,197 249 defense end market and composites used in building & 1,138 construction and engineered 224 materials used in healthcare EXCL. EXCL. FX FX • Adjusted EBITDA
Slide 19: Avient full year 2024 performance vs. full year 2023
Avient full year 2024 performance vs. full year 2023 Sales Adj. EBITDA Adj. EPS 3,240 526 2.66 3,143 502 EXCL. EXCL. EXCL. FX FX 2.36 FX Adj. Adj. EBITDA EBITDA margin margin 16.0% 16.2% FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 Copyright © 2025 . Avient Corporation. All Rights Reserved 19
Slide 20: 2025 guidance
2025 guidance
Slide 21: 2025 financial guidance
2025 financial guidance ADJ. EBITDA - Full year 2025 ADJ. EPS - Full year 2025 Q1 2025 $540 to 570M $2.70 to $2.94 $0.76 ▲6% to ▲12% growth excluding FX adj. EPS guidance M AC R O AS S U M P T I O N S I N F L U E N C I N G R AN G E ▲ Further Fed rate cuts ▼ Policy uncertainty and changes ▲ Chinese s
Slide 22: Cay
Cay c mK >< AVIENT
Slide 23: Avient 2024 sales
Avient 2024 sales BUSINESS SEGMENTS END MARKETS REGIONS C AI Telecom Latin America Energy US & Canada Defense 63% 4% 3% Packaging 6% Asia 41% 7% 23% Healthcare 18% 8% 10% Building & construction 20% 10% Consumer 37% Transportation 15% 35% SEM Industrial Europe, Middle East and Africa Copyright © 202
Slide 24: Color, Additives & Inks
Color, Additives & Inks END MARKETS REGIONS Energy 1% Telecom 1% Latin America Transportation 8% 9% Healthcare 9% Packaging US & Canada 34% Asia 34% 20% Building & 11% Construction 15% 21% 37% Industrial Consumer Europe, Middle East and Africa Copyright © 2025 . Avient Corporation. All Rights Reserv
Slide 25: Specialty Engineered Materials
Specialty Engineered Materials END MARKETS REGIONS Packaging Telecom Asia Defense 4% 7% 13% Healthcare 20% 7% Energy 9% 54% US & Canada 17% 33% Europe, 9% Consumer Middle East Building & and Africa construction 13% 14% Transportation Industrial Copyright © 2025 . Avient Corporation. All Rights Reser
Slide 26: Avient 2024 regional sales, by end market
Avient 2024 regional sales, by end market U S & C AN AD A EMEA AS I A L AT I N AM E R I C A 41% of sales 35% of sales 18% of sales 6% of sales 2% 1% 1% 2% 2% 4% 5% 4% 6% 13% 10% 6% 10% 26% 9% 31% 7% 5% 5% 10% 22% 10% 10% 20% 61% 13% 13% 14% 13% 14% 26% 9% 16% Packaging Consumer Industrial Transporta
Slide 27: Raw material basket
Raw material basket Styrenic block copolymers Polypropylene Performance Nylon additives 4% 4% 16% 5% Polyethylene 9% 14% Pigments Other raw 9% materials TiO2 HYDROCARBON-BASED 37% Dyestuffs ~35% of the raw material basket 2% including part of “Other raw materials” NON-HYDROCARBON are hydrocarbon-bas
Slide 28: 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 29: Three Months Ended December 31, Year Ended
Three Months Ended Year Ended December 31, December 31, 2024 2023 2024 2023 Sales: Color, Additives and Inks $ 467.7 $ 459.4 $ 2,046.5 $ 2,007.4 Specialty Engineered Materials 279.7 259.8 1,196.8 1,138.2 Corporate (0.9) (0.2) (2.9) (2.8) Sales $ 746.5 $ 719.0 $ 3,240.4 $ 3,142.8 Gross margin: Color,
Slide 30: Adjusted Free Cash Flow Calculation
Year Ended December 31, Adjusted Free Cash Flow Calculation 2024 2023 Cash provided by operating activities $ 256.8 $ 201.6 Taxes paid on gain on sale of business — 104.1 One-time payout associated with deferred compensation plans 20.8 — Adjusted cash provided by operating activities $ 277.6 $ 305.7