https://www.avient.com/sites/default/files/2024-06/reSound REC TPEs for Automotive Interiors _AF 7210 series_ Product Bulletin.pdf
KEY CHARACTERISTICS
• Contains 51–59% recycled content, with a
minimum of 37% from PCR sources, including
closed-loop feedstock
• Provides comparable performance to virgin
TPEs
- Good UV stability
- Meets VIAQ standards for odor and fogging
• Supports compliance with the ELV Directive
• Provides a more sustainable alternative to
virgin TPE grades and supports a reduction in
product carbon footprint (PCF)
• Can be injection molded and overmolded
onto PP
KEY APPLICATIONS
The reSound REC TPEs – AF 7210 series has
been developed for use in automotive interior
applications such as cup holder mats, phone
charging mats, peddle covers, boot/trunk lining,
HVAC flaps and other center console parts.
https://www.avient.com/sites/default/files/2025-03/Cesa Raise Product Bulletin.pdf
The PET packaging market is experiencing
significant growth, driven by increasing
sustainability demands, higher recycling targets,
and the shift away from alternative materials
such as polystyrene (PS) or polypropylene (PP).
https://www.avient.com/sites/default/files/resources/POL%2520CFA%2520IR%2520Presentation%2520w%2520non%2520GAAP%252011%252019%25202013.pdf
Use of Non-GAAP Measures
Page 3
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
PolyOne S&P 500
Page 4
All time high of
$32.32
October 21st, 2013
• 16 consecutive quarters of
double digit EPS growth
• 42% CAGR adjusted EPS
expansion 2006-2012
• YTD stock price has increased
56% versus 22% growth in the
S&P
• Six fold increase in market cap:
$0.5b $3.0b
Strategy and Execution Drive Results
PP&S
15%
Specialty
60%
Distribution
25%
0.12
0.27 0.21
0.13
0.68
0.82
1.00
2.50
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
2006 2007 2008 2009 2010* 2011* 2012* 2015
Target
A
dj
us
te
d
Ea
rn
in
gs
P
er
S
ha
re
Appliance
6%
Building &
Construction
13%
Wire & Cable
9%
Electrical &
Electronics
4%
Consumer
9%
Packaging
18%
Industrial
10%
Misc.
5%
HealthCare
9%
Transportation
16%
Textiles
1%
United
States
70%
Europe
14%
Canada
8%
Asia
5%
Latin
America
3%
2012 Revenues: $4.0 Billion*
End Markets*
2012 Revenues: $4.0 Billion*
EPS
Page 5
* Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms & excludes discontinued operations
PolyOne
At A Glance
* Restated to exclude discontinued operations
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
2%
34%
43%
63%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 YTD 2013 2015
%
o
f O
pe
ra
ti
ng
In
co
m
e*
JV's PP&S Distribution Specialty
Specialty OI $5M $46M $87M $153M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 6
2006 YTD 2013 2015
Where we were Where we are
Organic Consolidated
Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.8% 12.8% 12 – 16%
Global Specialty Engineered
Materials 1.1% 10.8% 8.9% 12 – 16%
Designed Structures & Solutions — — 5.0% 8 – 10%
Performance Products &
Solutions 5.5% 8.0% 8.2% 9 – 12%
Distribution 2.6% 6.1% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 63% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.4% 15%
4) Adjusted EPS Growth N/A 28%
Double Digit
Expansion
Proof of Performance & 2015 Goals
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 7
*Percentage of Specialty Platform revenue from products introduced in last five years
19.5%
44.0%
2006 Q3 2013
$20.3
$46.6
2006 TTM
Q3'13
14.3%
31.0%
2006 Q3 2013
Research & Development
Spending
Specialty Platform
Vitality Index Progression*
Innovation Drives Earnings Growth
($ millions)
Specialty Platform
Gross Margin %
Page 8
We are Experts in Polymer Science and Formulation
Polymer Science
Formulation
Chemistry
Processing
Inputs
Base Resins
Additives
Modifiers
Colorants
Specialized
Polymer Materials,
Services, and Solutions
Expertise
Satisfied
Consumers
PolyOne Customer
Innovative
Products & Services
Marketplace Demands
Performance Requirements
Value Drivers
Page 9
Positioned for Strong Growth
2015 Target
Rev: $5B
Adj.
EPS: $2.50
Assumptions
• Mid single digit revenue CAGR
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Housing starts at 85% of 50 year
norm by 2015
• Remain comfortably below 3X Net
Debt / EBITDA
Page 10
2012
Rev: $2.9B
Adj.
Platform sales and operating income (OI) 2006Y*
YTD 2013
Organic’ Acquisitions**
YTD 2013’
Consolidated
Global Specialty Engineered Materials Sales $ 345.3 $ 427.2 $ 113.6 $ 540.8
Global Color, Additives and Inks Sales 531.8 608.0 45.7 653.7
Designed Structures and Solutions Sales - - 428.2 428.2
Specialty Platform Sales $ 877.1 $ 1,035.2 $ 587.5 1,622.7
Performance Products and Solutions Sales 1,166.2 473.6 39.2 512.8
PolyOne Distribution Sales 732.8 818.1 - 818.1
Corporate and eliminations (153.7) (106.0) - (106.0)
Total Sales $ 2,622.4 $ 2,220.9 $ 626.7 $ 2,847.6
Global Specialty Engineered Materials OI $ 3.9 $ 46.1 $ 2.1 $ 48.2
Global Color, Additives and Inks OI 8.9 78.0 5.4 83.4
Designed Structures & Solutions OI - - 21.4 21.4
Specialty Platform OI $ 12.8 $ 124.1 $ 28.9 $ 153.0
Performance Products and Solutions OI 64.2 38.1 3.7 41.8
PolyOne Distribution OI 19.2 49.7 - 49.7
Sunbelt Joint Venture OI 102.9 - - -
Corporate and eliminations (4.6) (39.5) - (39.5)
Special items in OI 39.1 (22.2) - (22.2)
Operating income GAAP $ 233.6 $ 150.2 $ 32.6 $ 182.8
Sunbelt equity income (107.0) - - -
Special items in OI (39.1) 22.2 - 22.2
Operating income adjusted $ 87.5 $ 172.4 $ 32.6 $ 205.0
Global Specialty Engineered Materials - OI % of sales 1.1% 10.8% 1.8% 8.9%
Global Color, Additives and Inks - OI % of sales 1.7% 12.8% 11.8% 12.8%
Designed Structures & Solutions - OI % of sales - - 5.0% 5.0%
Specialty platform OI - % of sales 1.5% 12.0% 5.0% 9.4%
PP&S operating OI - % of sales 5.5% 8.0% 9.4% 8.2%
Distribution OI - % of sales 2.6% 6.1% - 6.1%
PolyOne OI adjusted - % of sales 3.3% 7.8% 5.2% 7.2%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Spartech and Glasforms results for the nine months ended September 30, 2013.
https://www.avient.com/sites/default/files/2024-09/Colorant Chromatics Brochure_2024.pdf
High-temperature polymers (HTP) processed
include: LCP, PEEK, PAEK, PEKEKK, PEI, PES, PSU,
PPSU, and PPS
FLUOROPOLYMERS
Colorant Chromatics has extensive experience in
selecting the best pigments and additives for optimal
performance under demanding circumstances.
FP compounds for: PFA, FEP, ECA, ETFE, ECTFE, PTFE,
and PVDF
HTP compounds for: PEI, PES, PSU, PPSU, PPS, LCP,
PEEK, PAEK, and PEKEKK
Colorant Chromatics specialty compounds offer
property enhancements such as:
• Mechanical strength
• Static dissipation
• X-ray opacity
• Electrical performance
• Low dielectric performance
• Mold release
• Laser marking
• Transcend™ Premier Healthcare Colorants
(biocompatible)
ADDITIVE
CONCENTRATE
FORMULATIONS
Colorant Chromatics additive solutions
can provide your solutions with additional
functionality such as:
• Improved lubricity
• Lightweighting through foaming, by both
physical and chemical foaming
• Heat reduction through SiteCool™
infra-red absorption technologies for
roofing applications
• Laser marking solutions or other
added value properties
NON-PFAS MOLD RELEASE ADDITIVES
Colorant Chromatics™ Evoluscend™ is a non-PFAS*
high-temperature polymer mold release additive
developed to boost production efficiency and
product quality for manufacturers.
Evoluscend is effective across a range of high-
temperature polymers, including PEEK, PPSU, PES,
PSU, PEI, LCP, and PPS, with a maximum service
temperature exceeding 150°C
https://www.avient.com/sites/default/files/2020-08/fiber-solutions-business-unit-overview-2020.pdf
MAGIQ
COLORANTS
MAGIQ
ADDITIVES
PET Solid/Liquid Solid/Liquid
PA Solid Solid
PP Solid Solid
TYPICAL APPLICATIONS
• Clothing: apparel, hosiery, pile,
sportswear, socks, stockings, shoes
• Home: upholstery, carpet, furniture, curtains
• Outdoor: awnings, umbrellas,
automobile/boat covers
• Automotive: seat covering, floor systems,
carpeting, headliners, side panels, tyrecords
• Technical: ropes, belts, luggage,
monofilament fishing yarn
• Non-woven: geo-textiles, padding, flooring,
diapers
MAGIQ FIBER COLORANTS
- MASTERBATCH
Commercialized under our global brand MagiQ Fiber Colorants & Additives,
which includes Magenta Master Fibers, IQAP, OnColor and OnCap, our
Masterbatch fiber colorants include black, white, single pigment dispersion
and custom colors, as well as additives and special products.
Product range
• A comprehensive selection of colors
and color indices
• SPDs are produced at various concentrations
to meet customer requirements
Product characteristics
• Good spinnability
• Full dispersion
• Excellent tinting strength
• Maximum fastness properties
• Lot-to-lot consistency
• Carriers: PET, PBT, PA 6, PP
Applications
• Continuous filaments (POY, FDY, HOY, BCF)
• Long and short spinning staple fiber
CUSTOM COLORS
Our pilot spinning plants are capable of producing
a full range of yarn counts, to match custom colors
and offer bespoke color options.
Product characteristics
• Good spinnability
• Full dispersion
• Excellent tinting strength
• Maximum fastness properties
• Lot-to-lot consistency
• Carriers: PET, PBT, PA 6, PP
Applications
• Continuous filaments (POY, FDY, HOY, BCF)
• Long and short spinning staple fiber
Special Products
Our portfolio includes
color formulations
for high-tenacity
yarn applications.
https://www.avient.com/sites/default/files/2022-07/ECCOH 5161 - OFC Blowing Application in Railways - Application Snapshot.pdf
OFC TECHNOLOGY
LEADER
M I C R O B U N D L E S I N B L O W I N G
A P P L I C A T I O N F O R R A I L W A Y S
• Strippable with fingers for easy installation/access to fibers
• High speed processing at a low wall thickness
• Low shrinkage
• Resistance to chemicals and filling compounds
• Meet XP C93-850-1-1 standard
• Re-designed cable to provide advantageous
functional and economical value
• Improved flexibility compared to PBT and PP
tubes, allowing longer blowing distances on paths
with angles of 90°
• Increased processing speed and improved ease
of installation
• Provided better cable lifetime value compared to
alternative solutions
ECCOH™ 6151 UV SEPAP Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2024-07/Versaflex TPE for Orthopedic Sole Insert - Application Snapshot.pdf
O RT H O P E D I C PA RT S
M A N U FAC T U R E R
O R T H O P E D I C S O L E I N S E R T
• A super soft TPE (
https://www.avient.com/sites/default/files/2024-08/Textile _ Fabric OnColor REC Snapshot.pdf
FIBER
MANUFACTURER
T E X T I L E S & F A B R I C S
• Provide a Product Carbon Footprint (PCF) calculation to align
with ISO 14067:2018 and to help in meeting sustainability
goals
• Procure feedstock from renewable resources
• Maintain comparative performance to conventional carbon
black
• Achieve color stability under xenon arc and TUV testing
• Offer solutions for rPET, PP, PE, PBT, and PA6 where a
desire for environmentally responsible products exists
• Offered sustainable platform approach supported by
extensive fiber expertise
• Helped meet sustainability targets while attaining all
design and engineering goals
• Supplied necessary PCF calculation certified by
TÜV Rheinland and aligning with ISO 14067
requirements
• Provided effective alternative to virgin carbon black
• Achieved reductions in CO2e emissions vs.
https://www.avient.com/sites/default/files/2025-04/OnForce - electronic card reader case study snapshot.pdf
AUTOMOTIVE
MOLDER TIER 1
E L E C T R O N I C C A R D R E A D E R
P A R T F O R M U L T I M E D I A H U B
• Aluminum replacement
• Good mechanical properties
• PP with 40% Long Glass Fiber
• Meet the strict automotive OEM specification
• Designed a material solution to obtain all critical
mechanical criteria and supply the OEM in a short
timeframe
• Delivered tailored strategy while offering global
reach
OnForce Long Fiber Reinforced
Thermoplastic Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/AVNT February IR Presentation_w_Non-GAAP Recs.pdf
PY
( T O TA L C O M PA N Y )
$790
$719
2022 2023
$107
$114
2022 2023
Sales Adjusted EBITDA
(in millions)
$0.42
$0.52
2022 2023
Adjusted EPS
(in millions)
- 9% + 7% + 24%
Sales Adjusted EBITDA Adjusted EPS
15
Q4 2023 SEGMENT PERFORMANCE
16
CAI
$491
$459
Sales
(in millions)
$70
$84
EBITDA
SEM
$301
$260
Sales
$55
$49
EBITDA
- 7% - 14%+20% - 11%
2022 2023
(in millions)
Q4 EBITDA BRIDGE
( T O TA L C O M PA N Y )
17
$ millions
CAI:
Price / Mix 11
Deflation 14
SEM:
Price / Mix 4
Deflation 9
Net Price Benefit 38
Cost Reductions 13
Wage Inflation (8)
Other (2)
Q4 2023 $114
Adjusted
EBITDA
Q4 2022 $ 107
Demand (34) • Demand was down, but less than in previous
quarters, due to slowing pace of destocking
• Positive net price benefit:
o CAI – Pricing flat with favorable mix from
uptick in packaging and consumer end
markets and raw material deflation
o SEM - Pricing flat with favorable mix from
Composites and raw material deflation
• Cost reductions primarily driven by reduced
administrative costs and cost synergies
2 0 2 4 G U I D A N C E
2024 GUIDANCE
Full Year 2024 Guidance
Adjusted EBITDA $505 to $535 million
Adjusted EPS $2.40 to $2.65
Interest Expense $105 to $110 million
Adjusted Effective Tax Rate 23% to 25%
Capital Expenditures ~$140 million
19
Q1 Adjusted EPS of $0.68
A P P E N D I X
21
Performance
Additives
15%
Pigments
13%
TiO2
9%
Dyestuffs
2%
Polyethylene
10%Nylon
5%
Polypropylene
4%
Styrenic Block
Copolymer
4%
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RA W MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
41%
EMEA
36%
Asia
18%
Latin America
5%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
19%
Packaging
23%Industrial
16%
Building and
Construction
9%
Telecommunications
4%
Energy
5%
Defense
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
Transportation
10%
Healthcare
7%
23
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2 0 2 3 R E V E N U E | $ 2 . 0 B I L L I O N
US & Canada
34%
EMEA
37%
Asia
21%
Latin America
8%
END MARKET REGION
24
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
9%
Building &
Construction
10%
Telecommunications
1% Energy
2%
COLOR, ADDITIVES & INKS
2 0 2 3 R E V E N U E | $ 1 . 1 B I L L I O N
US & Canada
52%
EMEA
35%
Asia
13%
25
Packaging
5%
Consumer
16%
Healthcare
6%Industrial
16%
Transportation
12%
Telecommunications
9%
Energy
10% Defense
18%
Building &
Construction
8%
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
Packaging
32%
Consumer
26%
Healthcare
9%
Industrial
13%
Building &
Construction
6%
Telecommunications
2%
Energy
2% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 3 AV I E N T R E G I O N A L S A L E S
Packaging
25%
Consumer
13%
Healthcare
5%
Industrial
18%
Building &
Construction
9%
Energy
5%
Defense
8%
EMEA
(36% of sales)Transportation
13%
Packaging
13%
Consumer
22%
Healthcare
10%
Industrial
16%
Building &
Construction
12%
Energy
6%
Defense
8%
US &
Canada
(41% of sales)
Transportation
9%
Packaging
59%
Consumer
22%
Healthcare
2%
Industrial
8%
Building &
Construction
4%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
4%
Telecommunications
4%
26
B Y E N D M A R K E T
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.