Avient : IR Presentation – November 2024

Published: 2024-11-13 09:52:07 ET AVNT

AVIENT CORPORATION

I N V E S T O R P R E S E N T A T I O N

(NYSE: AVNT)

N O V E M B E R 2 0 2 4

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 forecasts of future events and are not guarantees of future performance. They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historic or current facts. They use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe" and other words and terms of similar meaning in connection with any discussion of future operating or financial condition, performance and/or sales. In particular, these include statements relating to future actions; prospective changes in raw material costs, product pricing or product demand; future performance; estimated capital expenditures; results of current and anticipated market conditions and market strategies; sales efforts; expenses; the outcome of contingencies such as legal proceedings and environmental liabilities; and financial results.

Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:

Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.

Use of Non-GAAP Measures

This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures. The non-GAAP financial measures include: Adjusted Earnings Per Share, Adjusterd Free Cash Flow, Adjusted EBITDA and Adjusted EBITDA margins.

Avient's chief operating decision maker uses these financial measures to monitor and evaluate the ongoing performance of Avient and each business segment and to allocate resources.

A reconciliation of each historical non-GAAP financial measure with the most directly comparable GAAP financial measure is attached to this presentation which is posted on our website at www.avient.com.

When showing constant dollar figures on GAAP and non-GAAP financial measures, the foreign exchange impact is calculated by using current foreign exchange rates and applying them to the prior period results.

Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA and Adjusted Earnings Per Share, to the most comparable GAAP financial measures on a forward-looking basis because Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, restructuring costs, environmental remediation costs, acquisition-related costs, and other non-routine costs. Each of such adjustments has not yet occurred, are out of Avient's control and/or cannot be reasonably predicted. For the same reasons, Avient is unable to address the probable significance of the unavailable information.

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AVIENT OVERVIEW

Company Overview

2023 Financial Results

Revenue By:

9,300

Employees

102

Manufacturing

Sites

20,000+

Customers

$3.14B

$2.36

Revenue

Adjusted EPS

$502M

Adjusted EBITDA

Geography

Latin America

5%

U.S. &

Asia

18%

Canada

41%

36%

16.0%

Adjusted EBITDA Margins

$186M

Adjusted Free Cash Flow

2024 Financial Guidance

$525 to $530 million

Adjusted EBITDA

$2.63 to $2.67

Adjusted EPS

EMEA

Segment

Specialty

Engineered 36%

Materials

64%

Color

Additives

and Inks

Industry Transportation

Energy

Telecom

5% 4%

Defense

10%

7%

Industrial

Healthcare

7%

16%

Building & 9%

23%

Packaging

Construction

19%

Consumer

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SUSTAINABILITY PERFORMANCE

AND RECOGNITION

Industry Sustainability Standards

94th

percentile

ESG Ratings Performance

87th

1

2

4

Avient CDP Score:

A-

4

OCTOBER 3 1, 2024

WEB CAST

PRESENTATION

Q3 2024 HIGHLIGHTS

Net Sales

$815 million

+8%

(+8.5% ex FX)

Adj. EBITDA $130 million

+6%

(+7% ex FX)

Adj. EPS

$0.65

+14%

(+16% ex FX)

6

Q3 2024 R ESULTS

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)

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Q3 2024 RESULTS - ORGANIC REVENUE

GROWTH BY REGION VS PY

US & Canada

+9%

EMEA

Asia

Latin America

+5%

+11%

+27%

Avient ex. FX

+8.5%

FX

-0.4%

Total Avient

+8.1%

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Note: Regional Sales Percentages exclude impact of foreign exchange

COLOR, ADDITIVES & INKS SEGMENT

(Q3 2024 PERFORMANCE VS Q3 2023)

Sales

+ 7%

(+8% excluding FX)

$522

$487

Q3 23

Q3 24

(in millions)

Adjusted EBITDA

+ 9%

(+11% excluding FX)

$97

$89

+40 bps

18.7%*

18.3%*

Q3 23

Q3 24

(in millions)

* Adjusted EBITDA Margin %

10

Disclaimer

Avient Corporation published this content on November 13, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 13, 2024 at 14:51:08.835.