https://www.avient.com/knowledge-base/case-study/computer-mouse-goes-premium-soft-touch
A global business equipment manufacturer decided to develop a premium line of computer mouse products that offered improved ergonomics and soft-touch qualities.
Based on earlier successful projects, the OEM design team turned to Avient for a selection of suitable thermoplastic elastomers (TPEs).
Together, the manufacturer and Avient settled on a final formulation that could utilize existing tooling, thereby avoiding additional costs.
https://www.avient.com/knowledge-base/case-study/computer-mouse-goes-premium-soft-touch?rtype[]=1124
A global business equipment manufacturer decided to develop a premium line of computer mouse products that offered improved ergonomics and soft-touch qualities.
Based on earlier successful projects, the OEM design team turned to Avient for a selection of suitable thermoplastic elastomers (TPEs).
Together, the manufacturer and Avient settled on a final formulation that could utilize existing tooling, thereby avoiding additional costs.
https://www.avient.com/knowledge-base/case-study/computer-mouse-goes-premium-soft-touch?ind[]=6596
A global business equipment manufacturer decided to develop a premium line of computer mouse products that offered improved ergonomics and soft-touch qualities.
Based on earlier successful projects, the OEM design team turned to Avient for a selection of suitable thermoplastic elastomers (TPEs).
Together, the manufacturer and Avient settled on a final formulation that could utilize existing tooling, thereby avoiding additional costs.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Credit%2520Suisse%2520-%2520June%25202015.pdf
S&P 500
PolyOne Corporation Page 9
2006 Q1 2015 2020
“Where we were” “Where we are” Platinum Vision
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 16.2% 20%+
Global Specialty Engineered
Materials 1.1% 16.3% 20%+
Designed Structures & Solutions 1.4% (2012) 2.7% 12 – 14%
Performance Products &
Solutions 5.5% 6.5% 10 – 12%
Distribution 2.6% 5.9% 6.5 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 69% 80%+
3) ROIC 5.0% 11.4% 15%
4) Adjusted EPS Growth N/A
22 Consecutive
Quarters of
EPS Growth
Double Digit
Expansion
Proof of Performance & 2020 Goals
PolyOne Corporation Page 10
Platinum Vision: Pathway to Accelerated Growth
Organic
Sales Growth
Margin
Expansion
Share
Repurchases
Acquisitions
PolyOne Corporation Page 11
Innovation Drives Earnings Growth
*Percentage of Specialty Platform revenue from products introduced in last five years
$20
$53
2006 2014
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14%
27%
2006 2014
Specialty Platform
Gross Margin %
20%
44%
2006 2014
Specialty Vitality Index Target ≥ 35%
PolyOne Corporation Page 12
Megatrends Aligned with Key End Markets
Decreasing
Dependence
on Fossil
Fuels
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
PolyOne Corporation Page 13
Prototype Frame
Opportunity
Scale-up &
Test Market
Build
Business Case
Commercial
Launch
Phase
1
Phase
2
Phase
3
Phase
4
Phase
5
6
9
7
3
5
12
5 3 2
8
4
2
4
3
1
Breakthrough
Platform
Derivative
A Rich Pipeline of Opportunity
Number of Projects 14 8 18 12 22 74
Addressable Market
($ millions) $700 $600 $600 $1,900
PolyOne Corporation Page 14
60%
98%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 Q1 2015
Pension Funding**
As of March 31, 2015
Debt Maturities & Pension Funding
Net Debt / EBITDA* = 2.1x
$49
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of March 31, 2015
($ millions)
Coupon Rate: 7.500% 7.375% 5.250%
** includes US-qualified pension plans only *TTM 3/31/2015
PolyOne Corporation Page 15
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales,
marketing, and
technical capabilities
Investing in operational
and LSS initiatives
~75% of capital
expenditures fund
growth initiatives Organic
Growth
Acquisitions
Share
Repurchases
Dividends
$0.16
$0.20 $0.24
$0.32
$0.40
$0.10
$0.20
$0.30
$0.40
$0.50
2011 2012 2013 2014 2015
Annual Dividend
Targets that expand
our:
• Specialty offerings
• End market
presence
• Geographic breadth
Synergy opportunities
Adjacent material
solutions
Repurchased over
500k shares in Q1
2015
Repurchased 11.8
million shares since
early 2013
8.2 million shares are
available for
repurchase under the
current authorization
PolyOne Corporation Page 16
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 17
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
Platform
operating
income
mix
percentage 2005* 2006* 2007* 2008* 2009* 2010* 2011 2012 2013 2014 2015 Q1
Global Color,
Additives and
Inks
$ 4.3 $ 8.9 $ 25.7 $ 28.1 $ 25.2 $ 37.7 $ 50.2 $ 75.3 $ 104.0 $ 124.9 $ 33.8
Global
Engineered
Materials
0.4 3.9 4.9 17.6 20.6 49.7 45.9 47.0 57.2 72.4 23.1
Designed
Structures and
- - - - - - - - 33.4 45.1 3.2
Platform $ 4.7 $ 12.8 $ 30.6 $ 45.7 $ 45.8 $ 87.4 $ 96.1 $ 122.3 $ 194.6 $ 242.4 $ 60.1
Performance
Products and
75.7 64.2 65.8 31.3 33.1 54.0 27.7 38.8 56.0 63.1 11.5
Distribution 19.5 19.2 22.1 28.1 24.8 42.0 56.0 66.0 63.3 68.2 15.7
Joint ventures 91.9 102.9 34.8 28.6 25.5 18.9 5.0 - - - -
Corporate and
eliminations (51.5) 34.5 (73.3) (425.1) 7.9 (27.7) 18.2 (89.6) (82.4) (218.6) (17.2)
Operating
income (loss)
GAAP
$ 140.3 $ 233.6 $ 80.0 $ (291.4) $ 137.1 $ 174.6 $ 203.0 $ 137.5 $ 231.5 $ 155.1 $ 70.1
Less:
Corporate
operating
expense
51.5 (34.5) 73.3 425.1 (7.9) 27.7 (18.2) 89.6 82.4 218.6 17.2
Operating
income
excluding
Corporate
$ 191.8 $ 199.1 $ 153.3 $ 133.7 $ 129.2 $ 202.3 $ 184.8 $ 227.1 $ 313.9 $ 373.7 $ 87.3
platform
operating mix
percentage
2% 6% 20% 34% 35% 43% 52% 54% 62% 65% 69%
* Historical results have not been restated for the Resin business divestiture or the related resegmentation.
Appendix
Q1 2015 Financial Highlights
At a Glance�Global Color, Additives and Inks
At a Glance�Global Specialty Engineered Materials
At a Glance�Designed Structures and Solutions
At a Glance�Performance Products and Solutions
At a Glance�Distribution
Plastics: Key to Future Sustainable Development
Commitment to Operational Excellence
Application Examples
Slide Number 28
Authentication Technology
2015 Range Rover Evoque Interior
Slide Number 31
Metal Replacement Solutions
Next Generation Solar Charger
High-Barrier Packaging Containers
Aerospace Applications
Credit Suisse - June 25 2015 r2
Credit Suisse - June 25 2015
https://www.avient.com/knowledge-base/article/understanding-needs-and-challenges-photovoltaic-cable
With heavy investment on a global scale, solar power farms are being developed worldwide, increasing the demand for photovoltaic cable.
We asked Meenali Parsekar, Product Manager, Wire and Cable at Avient, to find out.
How can Avient help?
https://www.avient.com/knowledge-base/article/understanding-needs-and-challenges-photovoltaic-cable?rtype[]=1164
With heavy investment on a global scale, solar power farms are being developed worldwide, increasing the demand for photovoltaic cable.
We asked Meenali Parsekar, Product Manager, Wire and Cable at Avient, to find out.
How can Avient help?
https://www.avient.com/knowledge-base/article/understanding-needs-and-challenges-photovoltaic-cable?sust[]=1133
With heavy investment on a global scale, solar power farms are being developed worldwide, increasing the demand for photovoltaic cable.
We asked Meenali Parsekar, Product Manager, Wire and Cable at Avient, to find out.
How can Avient help?
https://www.avient.com/knowledge-base/article/eco-conscious-alternative-coloring-textiles
Avient’s portfolio for spin-dyeing
Avient offers color concentrates (a.k.a. masterbatches) for spin-dyeing virgin and recycled fiber-grade polymers.
Companies wishing to switch from bath-dyeing to spin-dyeing can rely on this expertise and our global footprint to make the switch as easy and efficient as possible.
https://www.avient.com/knowledge-base/article/eco-conscious-alternative-coloring-textiles?rtype[]=1164
Avient’s portfolio for spin-dyeing
Avient offers color concentrates (a.k.a. masterbatches) for spin-dyeing virgin and recycled fiber-grade polymers.
Companies wishing to switch from bath-dyeing to spin-dyeing can rely on this expertise and our global footprint to make the switch as easy and efficient as possible.
https://www.avient.com/knowledge-base/article/eco-conscious-alternative-coloring-textiles?ind[]=6595
Avient’s portfolio for spin-dyeing
Avient offers color concentrates (a.k.a. masterbatches) for spin-dyeing virgin and recycled fiber-grade polymers.
Companies wishing to switch from bath-dyeing to spin-dyeing can rely on this expertise and our global footprint to make the switch as easy and efficient as possible.