https://www.avient.com/sites/default/files/resources/PolyOne%25202011%2520Annual%2520Report.pdf
Polymer Industry Overview
Polymers are a class of organic materials that are generally produced by
converting natural gas or crude oil derivatives into monomers, such as
ethylene, propylene, vinyl chloride and styrene.
Our colorant and additives
masterbatches are used in a broad range of polymers, including those used in
food and medical packaging, transportation, building products, pipe and wire
and cable markets.
Our colorant and additives masterbatches are used
in a broad range of plastics, including those used in food and medical
packaging, transportation, building products, pipe and wire and cable markets.
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
Post-consumer recycled content as percentage of total plastic packaging volume, by weightAvient Corporation 36
37Avient Corporation
T O P 5 G A P S T H A T W E A R E A D D R E S S I N G
2: DECONTAMINATION1: COLOR MANAGEMENT
3: MAINTAINING MECHANICAL
PROPERTIES
4: MONO-MATERIAL
CONSTRUCTION
5: CONSISTENT RECYCLED
MATERIAL QUALITY
Improving the Use of Recycled Content
Avient Corporation 38
39Avient CORPORATION
• Inconsistent base color of recycled materials
• Lightest color recycled material in high demand for all applications ($$)
• Even with clear/transparent materials, color degrades over repeated processing
Our Solutions
• OpticaTM Toners and Super-concentrated colorants to
reduce and mask recycled material discoloration
• SmartHeatTM reduces heat history to minimize yellowing
• Color Simulation Tool to assist with color space design
CHALLENGES
OPPORTUNITIES
• Stabilization of color fluctuation driven by variable recycled polymer
• In-line color correction to optimize customer manufacturing efficiency
RECYCLE COLOR QUALITY RANGE
Avient Corporation 39
1: Color Management
Recycled Material Restricts Color Options
With virgin material, we
can design across a broad
color spectrum
The darker the recycled
materials, the more color
design freedom is restricted
This bright yellow
is not achievable
with high
concentrations of
dark recycled
materials
Avient can provide customer guidance on maximum recycle
content possible and color concentration required to achieve
desired color
Avient Corporation 40
Case Study with Brand Owner
Recycled Resin
=
Discolored Base
Virgin Resin
=
Clean Color Base
Degree of base discoloration limits recycle content
Avient Corporation 41
The Plus Factor Opportunity
I N C R E A S E D U S E O F R E C Y C L E D M A T E R I A L
R E Q U I R E S M O R E C O L O R A N T A N D A D D I T I V E S
Avient Corporation 42
$100M +
2: Decontamination
Recycled material feedstocks are contaminated
• Feedstock variability supplies the recycle process
• Insufficient washing at recycler
• Residual labels and printing inks cause quality and NIAS issues
• Unpleasant recycled material odor (in processing and the final application)
• Clean, food grade, recycled material availability in high demand
• Reliable decontamination to reduce NIAS concerns
• Full odor removal
Our Solutions
• CESATM Laser Marking to eliminate contaminating printing inks,
labels and glue
• AAzureTM process aids and scavengers to enable food and
beverage taste purity in PET packaging
• ProsureTM range of formulations to enable NIAS compliance and
security (customer peace of mind)
CHALLENGES
NIAS = Non Intentionally Added Substances
OPPORTUNITIES
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44
3: Maintaining Mechanical Properties
• Mechanical properties of recycled materials degrade after multiple heat cycles
• Today's recycling protocols only focus on one recycle loop…in reality, there
will be several
• Legislation and brand owners are targeting higher recycled material ratio
incorporation and full circularity
• Polymer quality stability over multiple loops to deliver circular recyclability
• Stress cracking of recycled bottles
• Upgrading performance of lower quality recycled materials
• Specification and guided selection amongst highly variable recycled materials
Our Solutions
• CESATM antioxidants and process aids to enhance
physical properties
• SmartHeatTM reduces heat history to minimize yellowing
• rePrize™ for PET polymer chain repair and extension
CHALLENGES
OPPORTUNITIES
Avient Corporation 44
45
Multi-material packaging is harder to recycle
• Contamination of polymer streams
• Issues in sorting
• Issues in separation
• Trend is to restrict multi-material systems in favor of mono-material constructions
• Improve recyclability of PET gas barriers
• Barrier system development for Polyolefins
• Recyclable barrier systems for film and sheet
Our Solutions
• Portfolio of compatibilizers to enable multilayer constructions
• AmosorbTM to extend beverage shelf life by scavenging
oxygen through the bottle wall
• CaptureTM to extend product shelf life through oxygen
scavenging but without contaminating the bottle
• Lactra SX TM to prevent light-induced oxidation in liquid dairy
products stored at higher temperatures
OPPORTUNITIES
CHALLENGES
Avient Corporation 45
4: Mono-Material Construction
46
Brand Owners require a consistent brand identity
• Inconsistent quality streams pose a challenge to delivering homogeneous product
quality and aesthetics to the consumer
• Brands demand recycled content, but with color/property consistency
• Recyclers are challenged to fulfill needs from brand owners and convertors
• Specification and selection of recycled material grades for targeted applications
• Simulation of recycled material performance in the end-use application
• Leverage re-formulation expertise to provide a consistent packaging product (color and
mechanical properties)
Our Solutions
Our Service and Color Expertise differentiate Avient and allow
us to support customers throughout the entire design process
• Design for use: Color matching, Color design options
• Recycle lot selection
• Improving mechanical properties
• Improving material processing
OPPORTUNITIES
CHALLENGES
Closer customer collaboration to support recycle efforts
Avient Corporation 46
5: Consistent Recycle Material Quality
2016 2021E
Growth in Sustainable Solutions
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
Revenue From Sustainable Solutions*
$340M
$930M
Avient Corporation 47
Future Revenue Growth Assumptions
8-12%
CAGR
Avient Corporation 48
Healthcare
Cathy Dodd
High-Impact, High-Growth Industry
Medical
Equipment /
Devices
33%
Drug
Delivery
19%
Medical
Supplies
18%
Labware
14%
Packaging
8%
Remote
Monitoring
5%
$225
$380
$685
2010 2016 2021E
Healthcare Submarkets (2021E) Track Record of Sales Growth
Personal Wellness
3%
($ millions)
Avient Corporation 49
Our Foundation
W E A R E P O S I T I O N E D T O W I N
Relationships Innovative Solutions Differentiated Services
50Avient Corporation
Trends in Healthcare
S H A P I N G I N N O V A T I O N & S O L U T I O N S
Improved Wellness &
Connectedness
Globalization &
Localization
Increasing Life Expectancy
Self Management & Self
Administration
Technology Driving
Diagnostic & Remote
Monitoring
COVID-19 Protection
Avient Corporation 51
• Deep, trusted customer relationships
• Well-positioned and entrenched in
the Healthcare supply chain
• Broad & differentiated capabilities
• Positioned to respond &
execute quickly
COVID - 19 Protection
A V I E N T W A S S E T A N D R E A D Y
Avient Corporation 52
Aging Population
T R E A T I N G C H R O N I C C O N D I T I O N S
Of the U.S. population is
aged 65 or older… and this
number is growing
Suffer from one or more chronic
health conditions
Avient Corporation 53
Aging Population
T R E A T I N G C H R O N I C C O N D I T I O N S
Increasing Life Expectancy
Cardiology
• 47% of Americans having at least one of three
major risk factors for heart disease
Diabetes
• 193 million people with Type 2 diabetes and will
grow to 252 million by 2026 at a 5% CAGR
Neurology
• Neurological disorders are the second leading
cause of death globally, second only to heart
disease
Avient Corporation 54
Connected Health
E X P A N S I O N O F M E D I C A L W E A R A B L E D E V I C E S
Improved Wellness &
Connectedness
Application Opportunities
• Flexible components to provide design
aesthetics & proper functionality
• Robust designs to meet regulatory
requirements and perform over long product
lifecycles
• Patient comfort to promote ongoing use
Avient Corporation 55
Remote Patient Monitoring
T R A N S L A T I N G D E V I C E S F R O M H O S P I T A L S E T T I N G S T O H O M E
Technology Driving Diagnostic &
Remote Monitoring
Application Opportunities
• Durable, chemically-resistant devices to
withstand impact in a home environment and
exposure to a variety of household cleaners
• Miniaturization of devices to fit into limited space
in the home, while maintaining maximum
functionality
• Innovative, user-friendly designs and long-term
aesthetics to provide patients with easy-to-use,
high-quality, attractive devices in the home
Avient Corporation 56
Self Management & Self Administration
E N A B L I N G P A T I E N T S T O M A N A G E H E A L T H
Self Management & Self
Administration
Application Opportunities
• Combination of rigid & flexible materials to
realize design potential and optimize device
functionality
• Superior chemical resistance to cleaners,
disinfectants, hand oils, UV rays, and drugs to
extend life of device
• Reduced abrasion between mating components
to ensure proper dosing
• Regulatory-approved colorant and additives to
provide branding and drug identification
Avient Corporation 57
Trends are Shaping Innovation
Professional / Clinic Patient / Home
Avient Corporation 58
Avient Design
D I F F E R E N T I A T E D S E R V I C E
• Global product development support from
industrial design through engineering and
product launch
• Extensive material, manufacturing, industry
and value chain knowledge
• Human-centric design skill, aligning product
innovations with ergonomic needs
• Product tear-down capabilities to provide
customers with product optimization and cost
reduction insights
• 3D-printed prototypes and samples to
accelerate product development
Avient Corporation 59
IDEAIDEA
PROOF OF
CONCEPT
PROOF OF
CONCEPT
DESIGNDESIGN TOOLINGTOOLING EVALUATIONEVALUATION
LAUNCH &
DELIVERY
LAUNCH &
DELIVERY
Accelerating Speed to Market
with Avient design
Avient Corporation 60
Avient Design
A U T O I N J E C T O R
61Avient Corporation
Avient Design
62
A U T O - I N J E C T O R T E A R - D O W N
Defined haptics
and soft touch
Stringent regulatory
requirements
Drug contact, mechanical sensitivity for
dosing accuracy
Lasermarking and
laserwelding compatible
Strict change control
Avient Corporation
Avient Design
63
A U T O I N J E C T O R I N N O V A T I O N
Avient Corporation
Avient Design
64
A U T O I N J E C T O R I N N O V A T I O N
Easy to use
Safe
Quality
Protect Ingredients
Compliant
Temperature
Management
Avient Corporation
65
Medical Grade TPE
Healthcare Colorants
High-Density Polymer
Laser weldable formulation
Laser marking additives
Lubricated polymers
Avient Corporation
Easy to use
Safe
Quality
Protect Ingredients
Compliant
Temperature
Management
Avient Design
A U T O I N J E C T O R I N N O V A T I O N
17,645
29,445
2021E 2025E
Source: BCC Research, Nov. 2020
(LBs millions)
Healthcare Growth Outlook
Avient Corporation 66
8-10%
CAGR
Future Revenue Growth AssumptionsMarket for Medical Plastics
Investor Day 2021
Break
Avient Corporation 68
Composites
Chris Pederson
$74
$84
$216 $212
$260
$5
$10
$32
$41
$50
0
10
20
30
40
50
60
70
2017 2018 2019 2020 2021E
• Prior investments in composites
platform and outdoor high
performance applications continue
to pay off driving substantial growth
in 2021
($ in millions)
Composites
• Composites will also drive our ability
to deliver future revenue growth in
excess of GDP
Avient Corporation 69
Spotlight: Growth in Composites
Composite Material Design
Avient Corporation 70
Materials Structure
Mfg ProcessPart Properties
Lower weight
Corrosion resistance
Fatigue performance
Tailor-ability
Design flexibility
Composite Material Forms
Avient Corporation 71
Manufacturing Costs
Continuous Fiber
Thermosets
Continuous Fiber
Thermoplastics
Design Flexibility
Continuous Fiber
Thermosets
Continuous Fiber
Thermoplastics
Discontinuous Fiber
Thermoplastics
Performance Performance
Discontinuous Fiber
Thermoplastics
Composites Portfolio
D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G
M A N U F A C T U R E R S A N D O E M S
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
Avient Corporation 72
Powersports & Outdoor Gear
B E N E F I T S O F C O M P O S I T E S
STRUCTURAL COMPONENTS
Material Replacement • Weight Reduction •
Temperature Resistance • Impact Resistance
BODY PANELS
Paint Replacement • Weight
Reduction • Scratch Resistance
ADVENTURE GEAR
Fatigue Resistance • Lightweight •
Temperature Resistance • Impact
Resistance
Avient Corporation 73
Industrial & Energy
B E N E F I T S O F C O M P O S I T E S
HIGH PRESSURE PIPE
Burst Strength • Corrosion Resistance •
Lighter Weight
GPS TRACKABLE PALLETS
Weight Reduction • Increased Load •
Stiffness
POWER INFRASTUCTURE
Corrosion Resistance • Electrical
Insulation • Weight Reduction
Avient Corporation 74
$31
$48
$66
$119
2009 2013 2017 2021E
($ millions)
Avient Corporation 75
Spotlight: Growth at Fiber-Line
Revenue
• Fiber-Line business acquired on
January 2, 2019 for $120 million
• Specialty portfolio of fiber-optic cable
applications primarily serving
telecommunications end-market
• Deep formulation expertise, innovative
culture and global commercial presence
will accelerate growth related to 5G
infrastructure build out
Avient Corporation 76
5G
Technology
Matt Reinhardt
Evolution of 5G
M E E T I N G S I G N I F I C A N T L Y E X P A N D I N G C O N N E C T I V I T Y N E E D S
Avient Corporation 77
How FAST IS 5G?
https://www.avient.com/investor-center/news/avient-announces-record-third-quarter-2021-results
The following pro forma adjustments are referenced by management to provide comparable business performance by incorporating the Clariant Masterbatch business in periods prior to the acquisition date (
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_ITA2.pdf
Riconosciamo che esistono
diverse organizzazioni che hanno stabilito i principi internazionali
dei diritti umani, come la dichiarazione universale dei diritti umani
e la dichiarazione dell’organizzazione internazionale del lavoro (oil)
sui principi e i diritti fondamentali nel lavoro.
https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
Polymers are a class of organic materials that are generally produced by converting natural gas or crude oil
derivatives into monomers, such as ethylene, propylene, and styrene.
The ongoing conflict between Russia and Ukraine has impacted global energy markets,
particularly in Europe, leading to high volatility and increasing prices for crude oil, natural gas and other energy
supplies.
Moh worked for Clariant AG (a global manufacturer of color and additives masterbatch) in various roles of
increasing responsibility, culminating in a commercial leadership role in Southeast Asia.
https://www.avient.com/sites/default/files/2024-03/AS-FILED EF20024640 Avient Corp ARS.pdf
Polymers are a class of organic materials that are generally produced by converting natural gas or crude oil
derivatives into monomers, such as ethylene, propylene, and styrene.
Moh worked for Clariant AG (a global manufacturer of color and additives masterbatch) in various roles of
increasing responsibility, culminating in a commercial leadership role in Southeast Asia.
https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
Polymer Industry Overview
Polymers are a class of organic materials that are generally produced by converting natural gas or
crude oil derivatives into monomers, such as ethylene, propylene, vinyl chloride and styrene.
Vice President, Performance Management Planning and Control, Chief Financial
Officer, Upstream, BP Amoco, London, (a producer of oil, natural gas, and petro chemicals) 2000 to
2003.
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
Polymer Industry Overview
Polymers are a class of organic materials that are generally produced by converting natural gas or crude
oil derivatives into monomers, such as ethylene, propylene, vinyl chloride and styrene.
Vice President, Performance Management Planning and Control, Chief Financial
Officer, Upstream, BP Amoco, London, (a producer of oil, natural gas, and petro chemicals) 2000 to
2003.
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
Polymer Industry Overview
Polymers are a class of organic materials that are generally produced by converting natural gas or
crude oil derivatives into monomers, such as ethylene, propylene, vinyl chloride and styrene.
Vice President, Performance Management Planning and Control, Chief Financial
Officer, Upstream, BP Amoco, London, (a producer of oil, natural gas, and petro chemicals) 2000 to
POLYONE CORPORATION 17
2003.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
Strong
perforff mance in these segments helped to overcome several headwinds, including: lower selling prices in Distribution
and PPS due to hydro-carbon based raw material deflatff ion; unfavff orable foreign exchange; a decline in demand in
certain industries, such as oil and gas, heavy truck and agriculture; and weaker performance by our Designed
Structures and Solutions (“DSS”) business.
He is also Chairman and Chief Executive Offiff cer of
Tesoro Logistics LP, a NYSE-listed master limited partnership
that owns, operates and develops crude oil and refinff ed
products and logistics assets, since April 2011.