https://www.avient.com/sites/default/files/2023-02/KristenGajewski.pdf
Gajewski joined Avient in July 2013 from AkzoNobel/PPG and has since taken on multiple
roles with increasing responsibility within the Human Resources function, including HR
Director for Avient’s Color, Additives & Inks business segment, and an international assignment
with responsibility for the EMEA and India regions.
https://www.avient.com/sites/default/files/2025-05/Bergamid Crane Control Housing case study snapshot.pdf
I N D U S T R I A L E Q U I P M E N T
M A N U FAC T U RE R
H O U S I N G F O R C R A N E
C O N T R O L
• High impact performance, charpy notched > 60kJ/m2
• Part assembly: tight dimensional tolerances ±0.05mm
• Critical weld lines are invisible on the final part
• Red RAL 3020 as branding color
• Color stability during injection
• Offered a nylon (PA66) formulation with high
impact resistance and dimensional stability
• Supported injection trials with field technical
services
• Developed a ready-to-use solution in RAL
3020 with excellent color stability, helping to
reduce scrap rate from >50% to 4%
• Enabled timely production through fast new
developments and samplings
• Offered additional color options
Bergamid Polyamide Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-12/Jeddah Saudi Arabia ISO 45001.pdf
Limited
PO Box 2137, Jeddah 22758, Saudi Arabia
Has been assessed and found to meet the requirements of
ISO 45001:2018
This certificate is valid for the following scope of operations:
Production and Supply of Color and Additive Master Batches
Authorised by: Stan Wright
Director
Date of Certificate Issue: 30 December 2021
Certificate Valid Until: 29 December 2024
Recertification audit before 30 November 2024.
https://www.avient.com/sites/default/files/2021-03/wet-grip-tpe-surfco-wax-mat-case-study-one-pager.pdf
W A X M A T ® G R I P T A P E
• Provide alternative material to traditional wax and EVA
foam for grip on surfboards
• Translucent appearance
• Coextrude with polypropylene (PP) film
• Excellent UV resistance
• Customized formulation for exceptional
hydrophobic grip and non-abrasive finish
• Incorporated specialty additives to enhance
UV resistance and inhibit mold growth
• Solved technical processing challenges to
achieve efficient coextrusion of materials and
achieve optimal bonding to adhesive backing
• Enabled customer to achieve market
differentiation and expand into new markets
and applications
Custom GLS™ TPE Wet Grip Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-11/ISO14001.2015.pdf
Page 1 / 1
has been assessed and certified as meeting the requirements of
ISO 14001:2015
For the following activities
The Design and Manufacturing of Plastic Color Concentrated, Plastic Additive Concentrated and Pigment Powder for Thermoplastic &
Rubber Industries.
https://www.avient.com/sites/default/files/2025-02/Siding_Cladding Hydrocerol Case Study Snapshot.pdf
https://www.avient.com/products/polymer-additives/foaming-agents/hydrocerol-chemical-foaming-agents
Slide 1: siding & cladding Manufacturer
https://www.avient.com/sites/default/files/2024-12/2024 Avient Executive Bios_Kristen Gajewski.pdf
Gajewski joined Avient in July 2013 from AkzoNobel/PPG and has since taken on multiple
roles with increasing responsibility within the Human Resources function, including HR
Director for Avient’s Color, Additives & Inks business segment, and an international assignment
with responsibility for the EMEA and India regions.
https://www.avient.com/sites/default/files/2024-10/ISO9001证书 %28英文版%29 -2024.pdf
462307-2021-AQ-RGC-RvA
Initial certification date:
23 June 2021
Valid:
24 June 2024 – 23 June 2027
This is to certify that the management system of
Avient China Company Limited
No. 188, Quanzhou Road, Zhongxin Suchu High-Tech Industrial Development Park, Chuzhou,
Anhui, China
has been found to conform to the Quality Management System standard:
GB/T 19001-2016 / ISO 9001:2015
This certificate is valid for the following scope:
Design and Manufacture of Color Concentrates, Filling Concentrates and Additive
Concentrates
http://www.dnv.com/assurance
https://www.avient.com/sites/default/files/2020-03/Global_High_Yield_%26_Leverage_Conference %281%29.pdf
In addition, operating income
before special items and adjusted EPS are components of various PolyOne
annual and long-term employee incentive plans
Leverage
PolyOne’s
global reach
Phase 1 Phase 2
Phase 3
18-20%
operating
margins
Invest in
commercial
resources
I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E
PolyOne Corporation 24
Commercial
Resources
Operating
Income
($ in millions)
Operating
Margins
256
309
$36
$100
Established Acquisitions
(> 7 years)
+ 20% + 165% + 1000 bps
CLARIANT MASTERBATCH ACQUISITION DRIVES
NEXT LEVEL SPECIALTY TRANSFORMATION
ACCELER ATING GR OWTH WITH
SUSTAINABLE SOLUTIONS
T R A N S F O R M A T I O N H E A D L I N E S
PolyOne Corporation 26
F I T W I T H F O U R P I L L A R S T R A T E G Y
PolyOne Corporation 27
Specialization
• Innovation-led organization with
heavy emphasis on R&D
• World-class expertise in color
formulation
• Strong presence in specialty end
markets including Consumer,
Packaging and Healthcare
Globalization
• Diverse geographic portfolio with
an established presence in every
major region
• Expands PolyOne’s ability to serve
customers in key growth areas
including India, China and
Southeast Asia
Operational
• Extensive manufacturing footprint
with 46 facilities
• Organizational focus on optimizing
supply chain to better serve
• Color design expertise
Commercial
• Value-focused salesforce with vast
experience marketing and
commercializing specialty
technologies
• Diverse customer portfolio with
established OEM’s
People
Experienced and
talented
associates with a
winning mentality
E N D M A R K E T T R A N S F O R M A T I O N
PolyOne Corporation 28
18%
50%
22%
High Growth End Markets
Percentage of Total Revenue
38%
E N D M A R K E T T R A N S F O R M A T I O N
PolyOne Corporation 29
38%
Wire &
Electrical &
Electronic
18%
Building &
Wire &
Electrical &
Electronic
C O M P L E M E N T A R Y G E O G R A P H I C P R E S E N C E
PolyOne Corporation 30
38% Europe
33%
22%
Europe &
Middle East
48%
23%
Color & Engineered
Clariant Masterbatch
Net Sales by Geographic Region
Europe &
Middle East
39%
21%
Pro Forma Color &
Engineered Materials
U N I F I E D F O C U S O N S U S T A I N A B I L I T Y
PolyOne Corporation 31
2006 - 2013
2013 – 2019
PEO PLE
PRO D U C TS PLA N ET
PER FO R M A N C E
Clariant Masterbatch
• Building mini-recycling plants to
facilitate customer projects on
design for recycling - CycleWorks
• Uses packaging additives &
colorants to improve recyclability
and enhance automated sorting
• Manufactures oxygen scavengers
to extend shelf-life of perishable
items and reduce material
requirements
• Combines UV-blocking additive
colorants & other barriers to
prevent spoilage and waste
• Offers spin-dyeing solutions that
use significantly less water than
traditional methods, allowing for
sustainable coloration of textiles
• Produces infrared absorbing
additives that reduce energy
requirements for bottle
manufacturing
($ in millions)
(Continuing
Operations)
Clariant Color &
Additive Masterbatch
Synergies
New
2019 Total Sales $2,863 $1,150 $4,013
2019 Adjusted EBITDA $309 $130 $60 $499
% Margin 10.8% 11.3% 12.4%
2019 CapEx $68 $85
% Sales 2.4% 2.1%
2019 Free Cash Flow $161 $250
2019 Adjusted EPS $1.69 $2.22
2019 PF Adjusted EPS $1.69 $2.54
P O L Y O N E + C L A R I A N T M A S T E R B A T C H B U S I N E S S
PolyOne Corporation 32
(1) Excludes step-up of depreciation & amortization related to purchase accounting of transaction
(1)
$0.85/share
O V E R 8 5 % O F A D J U S T E D E B I T D A F R O M S P E C I A L T Y
PolyOne Corporation 33
46%
66%
0%
40%
60%
80%
100%
2005 2010 2015 2019E PF
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
*
JV's Performance Products & Solutions Distribution Specialty
87%
* Adjusted EBITDA is EBITDA excluding corporate costs and special items
** 2019E Pro Forma for PP&S Divestiture and Clariant Masterbatch business acquisition with synergies
Specialty EBITDA $14M $117M $273M $500M
**
T R A N S A C T I O N O V E R V I E W
• Expected mid-2020, subject to regulatory approvals and customary closing conditions
Closing
Conditions /
Timing
• Committed financing in place
• Permanent financing to be combination of available cash on-hand, new debt and equity component to limit leverage
• Equity issuance of $500MM
• Target net leverage below 3.5x, 3.1x synergized
PolyOne Corporation 36
• $1.45 B net purchase price
• Represents 11.1x adjusted EBITDA (excluding synergies), 7.6x adjusted EBITDA (including synergies)
• Pre-tax synergies of $60MM expected to be fully realized by the end of 2023
• Synergies realized from sourcing, operational, technology / commercial, and general administrative
Transaction
Value
Synergies
Estimated Synergy Breakdown
$60MM
• Expect EBITDA synergies of $60MM
– Proven integration expertise with a decade of acquisition experience
– Administrative synergies reflect reduction of duplicative internal and
third-party costs
• Run rate synergies of $20MM by the end of Year 1 with $60MM
achieved by the end of Year 3
• Significant additional opportunity for geographical expansion
– Clariant Masterbatch business has complementary regional presence
in key growth areas including India & Southeast Asia
• Opportunity to accelerate growth with a combined portfolio of
innovative solutions aligned with sustainability megatrends
Sourcing
40%
Operational
Administrative
PolyOne Corporation 37
S I G N I F I C A N T S Y N E R G Y O P P O R T U N I T I E S
$450
$600 $624
$743
2019 2020 2021 2022 2023 2024 2025 2026
A T T R A C T I V E F I N A N C I N G S T R U C T U R E
Attractive Debt
Maturity Profile
Existing Revolver Existing Senior Notes Existing Term Loan B
New Debt
Summary
Terms on
New Debt
• $465 million of cash from the balance sheet expected to fund a portion of the purchase price
• Bridge financing for remainder fully committed from Citi, Morgan Stanley and Wells Fargo
• Permanent financing expected to include a combination of long-term debt and new equity
• The timing of the permanent financing is subject to a number of factors, including, but not limited
to, market conditions
• PolyOne is committed to preserving a strong balance sheet
– Target net leverage at close below 3.5x, excluding synergies
• Pro forma capital structure positions PolyOne with flexibility to pursue continued growth strategy
• New financing expected to have same or better covenant package than existing capital structure
• Capital structure would be “covenant lite”
Capital
Policy
• Transaction in line with PolyOne’s disciplined capital allocation policy
• Existing PolyOne dividend policy to be maintained
• Focus on deleveraging in the near term
2028+
PolyOne Corporation 38
PolyOne Corporation 37
$0.16
$0.20
$0.24
$0.32
$0.40
$0.48
$0.54
$0.70
$0.78
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Cumulative Share Repurchases
(In millions)
$0
$150
$300
$450
$600
$750
$900
2011 2012 2013 2014 2015 2016 2017 2018 2019
$917M
R E T U R N I N G C A S H T O S H A R E H O L D E R S
O V E R $ 1 . 2 B I L L I O N S I N C E 2 0 1 1
PolyOne Corporation
Increasing Annual Dividend
38
$0.81
PolyOne Corporation 39
W H Y I N V E S T I N P O L Y O N E ?
Service:�The Timeless differentiator
Talent development
IQ DESIGN
LSS CUSTOMER FIRST
Innovating with PolyOne
COLOR, ADDITIVES & INKS
Color, Additives & Inks
Specialty Engineered Materials
Specialty Engineered Materials
DISTRIBUTION
Overview of RAW MATERIAL PURCHASES
Target end markets & �application examples
Slide Number 52
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https://www.avient.com/sites/default/files/2021-01/eccoh-cpr-product-bulletin.pdf
ECCOH LSFOH solutions can also achieve specified
performance to additional criteria such as smoke
production, acidity and flaming droplets.
SELECTING THE RIGHT
ECCOH SOLUTION
Avient provides additional technical services
to help cable manufacturers find the right CPR
compliant cable solutions.
Recommendations
are built on a comprehensive understanding
of the cables design, its required performance
characteristics, as well as any additional criteria
that need to be considered.