Avient (AVNT) Investor presentation summary

Financial performance and outlook

• 2025 sales reached $3.3B with adjusted EBITDA of $545M and adjusted EPS of $2.82, reflecting a 16.7% EBITDA margin and 15 years of consecutive dividend growth.

• Q1 2026 sales were $847M, with adjusted EBITDA of $150M and margin expansion to 17.7%; adjusted EPS of $0.83 exceeded guidance.

• 2026 full-year guidance projects adjusted EBITDA of $555M–$585M and adjusted EPS of $2.93–$3.17, with 2–7% and 4–12% growth, respectively.

• Margin expansion is targeted through productivity, mix improvement, and operating leverage, aiming for 20%+ adjusted EBITDA margins long-term.

• Net leverage improved to 2.6x in 2024 and is targeted below 2.5x, with disciplined capital allocation across capex, dividends, debt paydown, share repurchases, and M&A.

Strategic direction and growth drivers

• Focus on intersecting high-growth markets and secular trends with technology platforms to drive above-market growth.

• Growth vectors include composites for construction, electrification, defense, healthcare, and sustainability solutions.

• Core business is expected to grow above GDP, while new platforms target 10%+ CAGR.

• Productivity, innovation, and portfolio prioritization are central to the strategy, supported by a culture of safety and sustainability.

• Capital allocation supports organic growth, with opportunistic M&A and share buybacks as part of the long-term plan.

Business segments and market exposure

• Color, Additives & Inks (CAI) accounted for 62% of 2025 sales, with strong presence in packaging, consumer, and industrial markets.

• Specialty Engineered Materials (SEM) made up 38% of 2025 sales, with significant exposure to healthcare, defense, and construction.

• Regional sales in 2025 were led by US & Canada (40%), EMEA (36%), Asia (18%), and Latin America (6%).

• End markets include packaging (23%), consumer (18%), industrial (14%), transportation (11%), building & construction (10%), healthcare (9%), defense (8%), energy (4%), and telecom (3%).

• Raw material basket is 35% hydrocarbon-based, with key inputs including polypropylene, polyethylene, pigments, and performance additives.