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Avient Corporation AVNT AUGUST 1 , 2025 Q2 2025 results 2025 full-year financial guidance
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Copyright © . Avient Corporation. All Rights Reserved 2025 2 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 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. items, 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: • disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; • the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; • disruptions or inefficiencies in our supply chain, logistics, or operations; • changes in laws and regulations in jurisdictions where we conduct business, including with respect to plastics and climate change; • fluctuations in raw material prices, quality and supply, and in energy prices and supply; • demand for our products and services; • production outages or material costs associated with scheduled or unscheduled maintenance programs; • unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; • our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; • information systems failures and cyberattacks; • our ability to service our indebtedness and restrictions on our current and future operations due to our indebtedness; • amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; • other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, geopolitical conflicts, tariffs, and any recessionary conditions; and • other factors described in our Annual Report on Form 10-K under Item 1A, “Risk Factors.” 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: Organic Performance (which excludes the impact of foreign exchange), Adjusted Earnings Per Share, Adjusted EBITDA, Adjusted EBITDA margins and Free Cash Flow. 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. 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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3Copyright © . Avient Corporation. All Rights Reserved 2025 Q2 2025 highlights Q2 2025 results Q2 2025 VS. Q2 2024 ORGANIC FX AS REPORTED Sales $867M 0.6% 1.4% 2.0% Adj. EBITDA $149M 2.5% 1.4% 3.9% Adj. EPS $0.80 3.9% 1.4% 5.3% ► Organic revenue growth ► Adj. EBITDA margin of 17.2% ► Executed playbook to deliver results
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4Copyright © . Avient Corporation. All Rights Reserved 2025 Playbook in current environment 1. Staying close to our customers to help them navigate the uncertain environment and execute their respective plans 2. Using our “global reach with a local touch” model to win share and new business 3. Sharpening focus on cost control & driving productivity in SG&A and in our plants 4. Maintaining discipline around working capital and capex decisions to generate healthy cash flow 5. Offsetting any inflationary headwinds with our time-tested rigor in raw material sourcing, substitution and pricing actions 6. Executing flawlessly and continue advancing our strategy while prioritizing investments and resources for our growth vectors 1. 2. 3. 4. 5. 6. Productivity Benefits ► $6M of incremental productivity in H2 vs H1 driven by sourcing, plant operations, cost control, and footprint optimization ► $40M of full year YoY productivity benefits more than offset inflation & investments in growth vectors
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Copyright © . Avient Corporation. All Rights Reserved 2025 5 ORGANIC GROWTH MARGIN EXPANSION CASH GENERATION INNOVATION Executing the strategy to deliver key financial metrics • 5 consecutive quarters of organic revenue growth • H1 YoY growth ex. FX: +1.2% sales; +4.0% adj. EPS • +20 bps H1 adj. EBITDA margin expansion to 17.3% • Margin expansion expected to continue in H2 driven by increased productivity and cost control discipline • Strong cash flow generation strengthening the balance sheet – expected FCF of $190M to $210M for FY 2025 • $50M debt reduction in Q2; expect $100M to $200M total debt reduction by year end • Inventing differentiated solutions protected by patents • Transplanting and hybridizing technologies across businesses H1 represents 6 months ended June 30, 2025 H1 YoY growth as reported: +0.9% sales; +2.6% adj. EPS FCF represents Free Cash Flow: Net Cash Provided by Operating Activities Less Capital Expenditures
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Q2 2025 results
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Copyright © . Avient Corporation. All Rights Reserved 2025 7 Color, Additives & Inks – Q2 2025 performance Sales 542 539 Q2 2024 Q2 2025 Adj. EBITDA 108 113 Q2 2024 Q2 2025 • Sales decline driven by weakness in consumer, transportation, and building & construction partially offset by growth in healthcare • Adjusted EBITDA margin expansion of 100 bps driven by favorable mix, cost reduction actions and productivity initiatives Adj. EBITDA margin 19.9% Adj. EBITDA margin 20.9% (1%) As Reported (2%) Excl. FX +4% As Reported +4% Excl. FX
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Copyright © . Avient Corporation. All Rights Reserved 2025 8 Specialty Engineered Materials – Q2 2025 performance Sales 308 330 Q2 2024 Q2 2025 Adj. EBITDA 64 63 Q2 2024 Q2 2025 • Strong growth in defense and healthcare sales partially offset by weak consumer demand • Productivity initiatives and cost controls more than offset by planned maintenance and investment in growth vectors resulting in lower margin in the quarterAdj. EBITDA margin 20.6% Adj. EBITDA margin 19.0% +7% As Reported +6% Excl. FX (2%) As Reported (3%) Excl. FX
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Copyright © . Avient Corporation. All Rights Reserved 2025 9 Q2 2025 organic revenue growth - by region +1% -1% +3% +6% Year-over-year revenue growth, excludes the impact of foreign exchange US & Canada Europe, Middle East & Africa Asia Latin America
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2025 guidance
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Copyright © . Avient Corporation. All Rights Reserved 2025 11 ADJ. EBITDA - full year 2025 $545 to 560M +4% to +6% growth excluding FX ADJ. EPS - full year 2025 $2.77 to $2.87 ADJ. EPS – Q3 2025 $0.70 2025 financial guidance narrowed… ▲ Improved consumer confidence and lower interest rates ▲ Resolution of trade policies ▲ European economy improves due to increased infrastructure spend ▼ Global trade uncertainty / volatility continues ▼ US consumer confidence worsens due to increased and persistent inflation ▼ Asia slow down, led by China POTENTIAL ACCELERATORS POTENTIAL DECELERATORS
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13Copyright © . Avient Corporation. All Rights Reserved 2025 Avient 2024 sales BUSINESS SEGMENTS END MARKETS REGIONS 63% 37% SEM C AI 23% 20% 15% 10% 10% 8% 7% 4% 3% Packaging TelecomEnergy Defense Healthcare Building & construction Transportation Industrial Consumer 41% 35% 18% 6% US & Canada Latin America Asia Europe, Middle East and Africa
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14Copyright © . Avient Corporation. All Rights Reserved 2025 Color, Additives & Inks END MARKETS REGIONS 34% 21% 15% 11% 9% 8% Packaging Telecom 1%Energy 1% Transportation Industrial Consumer 34% 37% 20% 9% US & Canada Latin America Asia Europe, Middle East and Africa Healthcare Building & Construction
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15Copyright © . Avient Corporation. All Rights Reserved 2025 Specialty Engineered Materials END MARKETS REGIONS 20% 17% 14%13% 9% 9% 7% 7% 4% Defense Packaging Telecom Building & construction Transportation Industrial Consumer 54% 33% 13% US & Canada Asia Europe, Middle East and Africa Energy Healthcare
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Copyright © . Avient Corporation. All Rights Reserved 2025 16 Avient 2024 regional sales, by end market US & CANADA 41% of sales EMEA 35% of sales ASIA 18% of sales LATIN AMERICA 6% of sales 13% 22% 14%9% 13% 10% 9% 6% 4% Packaging TelecomEnergyDefenseHealthcareBuilding & construction TransportationIndustrialConsumer 26% 13% 16% 13% 10% 5% 10% 5% 2% 31% 26% 14% 10% 5% 10% 1%1% 2% 61%20% 7% 6% 4% 2%
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Copyright © . Avient Corporation. All Rights Reserved 2025 17 NON -HYDROCARBON MATERIALS HYDROCARBON -BASED ~35% of the raw material basket including part of “Other raw materials” are hydrocarbon-based Raw material basket 16% 14% 9% 2% 37% 9% 5% 4% 4% Performance additives Pigments TiO2 Dyestuffs Styrenic block copolymers Polypropylene Nylon Polyethylene Other raw materials
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Copyright © . Avient Corporation. All Rights Reserved 2025 18 Reconciliation of Non-GAAP financial measures Senior management uses comparisons of adjusted net income attributable to Avient common shareholders and diluted adjusted earnings per share (EPS) attributable to Avient common shareholders, excluding special items, to assess performance and facilitate comparability of results. Further, as a result of Avient's strategic shift to an innovator of materials solutions, it has completed several acquisitions and divestitures which have resulted in a significant amount of intangible asset amortization. Management excludes intangible asset amortization from adjusted EPS as it believes excluding acquired intangible asset amortization is a useful measure of current period earnings per share. Senior management believes these measures are useful to investors because they allow for comparison to Avient's performance in prior periods without the effect of items that, by their nature, tend to obscure Avient's operating results due to the potential variability across periods based on timing, frequency and magnitude. The presentation of these non-GAAP measures is not intended to be considered in isolation from, as a substitute for, or as superior to, the financial information prepared and presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP. Below is a reconciliation of these non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP. Reconciliation to condensed consolidated statements of income Three months ended June 30, 2025 2024 $ Millions EPS (in $) $ Millions EPS (in $) Net income attributable to Avient common shareholders 52.6 0.57 33.6 0.36 Special items, after-tax 5.7 0.07 21.8 0.24 Amortization expense, after-tax 15.2 0.16 14.8 0.16 Adjusted net income / EPS 73.5 0.80 70.2 0.76 Per share amounts may not recalculate from figures present herein due to rounding 11 1 Reconciliation to EBITDA and Adjusted EBITDA Three months ended June 30, 2025 2024 $ Millions $ Millions Net income – GAAP 53.5 33.8 Income tax expense 17.4 11.2 Interest expense, net 24.7 26.6 Depreciation & amortization 46.6 44.9 EBITDA 142.2 116.5 Special items, before tax 7.3 28.1 Interest expense included in special items (0.3) (1.0) Depreciation & amortization included in special items (0.3) (0.3) Adjusted EBITDA 148.9 143.3 Adjusted EBITDA as a percent of sales 17.2% 16.9% PAGE 1 OF 4
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Copyright © . Avient Corporation. All Rights Reserved 2025 19 Reconciliation of Non-GAAP financial measures Reconciliation to EBITDA and Adjusted EBITDA Three months ended June 30, 2025 2024 $ Millions $ Millions Sales Color, Additives and Inks 538.6 542.0 Specialty Engineered Materials 329.7 308.1 Corporate (1.8) (0.4) Sales 866.5 849.7 Operating income Color, Additives and Inks 90.3 86.1 Specialty Engineered Materials 40.2 42.8 Corporate (34.4) (56.4) Operating income 96.1 72.5 Depreciation and amortization Color, Additives and Inks 22.4 21.8 Specialty Engineered Materials 22.4 20.8 Corporate 1.8 2.3 Depreciation and amortization 46.6 44.9 EBITDA Earnings before interest, taxes, depreciation and amortization Color, Additives and Inks 112.7 107.9 Specialty Engineered Materials 62.6 63.6 Corporate (32.6) (54.1) Other expense, net (0.5) (0.9) EBITDA 142.2 116.5 Special items, before tax 7.3 28.1 Interest expense included in special items (0.3) (1.0) Depreciation and amortization included in special items (0.3) (0.3) Adjusted EBITDA 148.9 143.3 Adjusted EBITDA as a percent of sales Color, Additives and Inks 20.9% 19.9% Specialty Engineered Materials 19.0% 20.6% PAGE 2 OF 4
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Copyright © . Avient Corporation. All Rights Reserved 2025 20 Reconciliation of Non-GAAP financial measures Reconciliation to EBITDA and Adjusted EBITDA Year ended December 31, 2024 $ Millions Net income – GAAP 170.7 Income tax expense 54.1 Interest expense 105.6 Depreciation & amortization 179.7 EBITDA 510.1 Special items, before tax 20.1 Interest expense included in special items (2.3) Depreciation & amortization included in special items (1.5) Adjusted EBITDA 526.4 Adjusted EBITDA as a percent of sales 16.2% PAGE 3 OF 4 Reconciliation to condensed consolidated statements of income Three months ended September 30, 2024 $ Millions EPS (in $) Net income attributable to Avient common shareholders 38.2 0.41 Special items, after-tax 6.6 0.07 Amortization expense, after-tax 15.0 0.16 Adjusted net income / EPS 59.8 0.65 Per share amounts may not recalculate from figures present herein due to rounding Reconciliation to condensed consolidated statements of income Year ended December 31, 2024 $ Millions EPS (in $) Net income attributable to Avient common shareholders 169.5 1.84 Special items, after-tax 15.9 0.17 Amortization expense, after-tax 59.5 0.65 Adjusted net income / EPS 244.9 2.66 Per share amounts may not recalculate from figures present herein due to rounding 1 1 1 1
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Copyright © . Avient Corporation. All Rights Reserved 2025 21 Reconciliation of Non-GAAP financial measures PAGE 4 OF 4 Reconciliation to condensed consolidated statements of income Six months ended June 30, 2025 2024 $ Millions EPS (in $) $ Millions EPS (in $) Net income attributable to Avient common shareholders 32.4 0.35 83.0 0.90 Special items, after-tax 81.4 0.89 27.3 0.30 Amortization expense, after-tax 29.7 0.32 29.7 0.32 Adjusted net income / EPS 143.5 1.56 140.0 1.52 Per share amounts may not recalculate from figures present herein due to rounding1 11 Reconciliation to EBITDA and Adjusted EBITDA Six months ended June 30, 2025 2024 $ Millions $ Millions Net income – GAAP 33.6 83.5 Income tax expense 10.7 28.0 Interest expense, net 51.6 53.2 Depreciation & amortization 91.9 89.2 EBITDA 187.8 253.9 Special items, before tax 108.5 34.3 Interest expense included in special items (2.0) (1.0) Depreciation & amortization included in special items (0.7) (0.8) Adjusted EBITDA 293.6 286.4 Adjusted EBITDA as a percent of sales 17.3% 17.1%