https://www.avient.com/sites/default/files/resources/NOVEL_THERMOPLASTIC_ELASTOMERS_FOR_UNIVERSAL_OVERMOLDING_ON_DISSIMILAR_THERMOPLASTICS.pdf
Thermoplastics are used in various applications, including PP, PS, ABS, copolyester,
SAN, PC etc..
For example, a TPE that can bond to PC does not bond to PP, vice versa.
The failure mode is cohesive on
PP and adhesive on all other substrates.
https://www.avient.com/sites/default/files/2023-02/Gravi-Tech REC - Perfume Cap - Application Snapshot.pdf
PAC K AG I N G
C O M P O N E N T
M A N U FAC T U R E R
P E R F U M E C A P
• A density modified formulation - PP filled, 1,2g/cm3
• Needs to contain recycled PP PIR content
• Electroplatable - comparable to prime materials
• Provide continuity of supply
• Utilized formulation expertise to develop a custom
material with post-industrial recycled PP content
• Provided a more sustainable solution with 60%
recycled content while maintaining the
performance characteristics of prime PP
• Expedited speed to market, delivering material in
three weeks
Gravi-Tech™ REC Recycled Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-06/Nymax BIO Bio-based Polyamide Solutions Processing Guide.pdf
Parameters NM5600-8002 RS NM5600-8004 RS
Drying Temperature 100–120°C 100–130°C
Drying Time 4–6 hours 4–6 hours
Barrel Temperature °C °C
Rear Zone 250–270 260–270
Central Zone 260–280 270–290
Front Zone 270–295 290–305
Nozzle 290–300 290–300
Mold Temperature 80–100 80–100
Screw Speed Moderate Moderate
Back Pressure 3–10bar 3–10bar
Cushion stroke 5–10% of plasticizing stroke 5–10% plasticizing of stroke
Injection Speed Medium Medium
Injection Pressure Medium–high Medium–high
Holding Pressure 30–50% of injection pressure 20–40% of injection pressure
Screw Type General purpose General purpose
Screw L/D 20:1 20:1
Screw Compression Ratio 2.5:1 2.5:1
Non-return Check Valve Free flow check ring Free flow check ring
Nozzle Type Reverse taper Reverse taper
Barrel Capacity 30–80% of barrel should be used
Processing Guide 2
Start Up & Shut Down Recommendations
Purge Compound 1. 2–3 melt flow PP or purging compound.
https://www.avient.com/sites/default/files/2024-06/Foaming Prediction Service Product Bulletin_A4.pdf
The foaming simulation is carried out under
confidentiality and is currently available for
components made from polypropylene (PP), talcum
filled PP, and glass fiber filled PP, with a minimum
part thickness of 2mm.
KEY CHARACTERISTICS
• Provides a mold-filling study
• Helps maximize part weight reduction
• Predicts mechanical properties
• Enables the calculation of necessary clamping
force
• Reduces physical trials
• Optimizes tool design and production processes
KEY APPLICATIONS
• Components made from polypropylene (PP),
talcum filled, and glass fiber filled PP with a
minimum part thickness of 2mm
• Automotive structural parts e.g., door panels,
dashboard carriers
• Consumer goods e.g., interior fridge parts,
transport boxes and composters, vacuum
cleaner base panels
PRODUCT BULLETIN
Sustainability Spotlight
1 Moldflow® is a registered trademark of Autodesk®
* Avient Foaming Prediction Service will provide general information
based on available inputs.
https://www.avient.com/resources/safety-data-sheets?page=6726
XRU-2897 FEP NP-30 HIGH BLUE
XRU-2897 FEP NP-30 CC HIGH BLUE
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=4438
Geon(TM) MK151-30 Yellow (PMS 116)
3-N-30-R NEOPRENE FABRIC COATING (V3)
PP FR 8-6 LMS-1000
https://www.avient.com/sites/default/files/2023-02/Gravi-Tech BIO Bio-Based Formulations Product Bulletin.pdf
KEY CHARACTERISTICS
• Customized density offering a wide range of
specific gravities (1.5–11 gm/cm3)
• Formulated with partially bio-based resin from
renewable plant sources
• Broad modulus range, from very flexible to very
rigid grades
• Corrosion resistance that withstands oxidization
for long-term use and benefit
• Chemical resistance that can be adapted
depending on base resin as required
• Provides visual surface effects, aesthetics and
cool touch
• Design flexibility and processing ease
• Food contact compliance available
MARKETS AND APPLICATIONS
Applications in packaging and consumer goods in
which a more sustainable solution is preferred:
• Cosmetic caps and closures
• Perfume caps
• Spirit bottle caps
• Luxury boxes
• Handles and knobs
SUSTAINABILITY BENEFITS
• Formulated with partially bio-based resin
from renewable plant sources
• Reduces waste and supports the circular
economy
• Reduces carbon footprint compared to
fossil feedstock alternatives
• Simplifies manufacturing and lowers cost
versus metal
PRODUCT BULLETIN
CHARACTERISTICS UNITS
Gravi-Tech BIO
GT5200-5077
FD Natural
Gravi-Tech BIO
RS5200-5001
RS FD Natural
Gravi-Tech BIO
RS5200-5001 RS
FD Natural X1
Gravi-Tech BIO
GT5200-5003
FD Black
Gravi-Tech BIO
GT5200-5004
FD Black
Gravi-Tech BIO
GT5200-5002
FD Black
Base Resin Bio-based PP Bio-based PP Bio-based PP Bio-based PP Bio-based PP Bio-based PP
Recycled Content/Filler g/cm Mineral Mineral Mineral Metallic Metallic Metallic
Density (ISO 1183) g/ccm 1.90 2.0 2.0 2.0 2.5 3.0
AVAILABLE GRADES
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2020-10/luxury-closures-gravi-tech-design-guide-2.0-application-specific.pdf
FIGURE 28 - Edge Gate
FIGURE 29 - Tab Edge
FIGURE 29 - Spruce Gate
FIGURE 29 - Edge gate
FIGURE 30 - Tab gate
FIGURE 31 - Sprue gate
Design Guide 17
FIGURE 30 - Fan Gate
FIGURE 32 - Fan gate
GATING TYPES: AUTOMATIC DEGATING
Automatic degating is used for most small
parts, due to the large volume being produced .
FIGURE 32 - Bubbler (left) & Ba�e (Right)
FIGURE 34 - Bubbler (left) & Baffle (right)
Part
FIGURE 35 - Series cooling line layout
25% - 75% Wall Thickness
10˚(soft materials) - 30˚(brittle materials)
110˚(brittle materials)-
140˚(soft materials)
FIGURE 33 - Tunnel gate
18 Gravi-Tech
Cooling Line Guidelines
The rules for cooling line layouts are to keep
the depth and pitch ratios constant throughout .
Typical shot sizes need to be between
30%–80% of barrel capacity .
https://www.avient.com/sites/default/files/resources/POL%2520Gabelli%2520IR%2520Presentation%2520w%2520Non-GAAP%252003%252020%25202014.pdf
Use of Non-GAAP Measures
Page 3
PolyOne Commodity to Specialty Transformation
Page 4
• Continue specialty
transformation
• Targeting $2.50
Adjusted EPS by
2015, nearly
double 2013 EPS
• Drive double digit
operating income
and adjusted EPS
growth
• 17 consecutive
quarters of double-
digit adjusted EPS
growth
• Shift to faster
growing, high
margin, less cyclical
end markets
• Key acquisitions
propel current and
future growth, as
well as margin
expansion
• Established
aggressive 2015
targets
• Steve Newlin
Appointed,
Chairman, President
and CEO
• New leadership
team appointed
• Implementation of
four pillar strategy
• Focus on value
based selling,
investment in
commercial
resources and
innovation to drive
transformation
• Volume driven,
commodity
producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2013 2014 and beyond
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
PolyOne S&P 500 Russell 2000 Dow Jones Chemical
All time high of
$38.38
March 7th, 2014
• 17 consecutive quarters of
double digit EPS growth
• 49% CAGR adjusted EPS
expansion 2006-2013
• 2013 stock price increased
73% versus 30% growth in the
S&P
• More than seven fold increase in
market cap: $0.5b $3.6b
Strategy and Execution Drive Results
Page 5
Appliance
4%
Building &
Construction
13%
Wire & Cable
9%
Electrical &
Electronics
5%
Consumer
10%Packaging
16%
Industrial
12%
HealthCare
11%
Transportation
18%
Misc.
2%
United
States
66%
Europe
14%
Canada
7%
Asia
6%
Latin
America
7%
PP&S
20%
Specialty
53%
Distribution
27%
0.12
0.27 0.21
0.13
0.68
0.82
1.00
1.31
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 2013 2015
Target
A
dj
us
te
d
Ea
rn
in
gs
P
er
S
ha
re
2013 Revenues: $3.8 Billion
End Markets
2013 Revenues: $3.8 Billion
EPS
Page 6
PolyOne
At A Glance
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
2%
34%
43%
62%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2015
%
o
f O
pe
ra
ti
ng
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
Specialty OI $5M $46M $87M $195M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 7
2006 2013 2015
“Where we were” “Where we are” Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.2% 12 – 16%
Global Specialty Engineered
Materials 1.1% 9.3% 12 – 16%
Designed Structures & Solutions -- 5.6% 8 – 10%
Performance Products &
Solutions 5.4% 7.2% 9 – 12%
Distribution 2.6% 5.9% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 62% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.1% 15%
4) Adjusted EPS Growth N/A 31%
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 8
Bridge To $2.50 Adjusted EPS By 2015
2015 EPS: $2.50
2013 EPS: $1.31
Mid single digit
revenue CAGR
Page 9
Mergers & Acquisitions
Spartech accretion
Incremental share buybacks
Ongoing LSS Programs
(50-100 bps/yr)
Accelerated Innovation &
Mix Improvement
Innovation Drives Earnings Growth
$20.3
$52.3
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
Page 10
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
Healthcare
Consumer
Packaging and Additive Technology
Transportation
Page 11
Unique and Innovative Solutions that Help
Customers Win
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/uD3p_bdglP/Presentation revise pics/GLS Beverage can closure XO 2.jpg
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/-YgkycKypw/Anti-Counterfeiting release & images/GN1979.JPG
Net Debt / EBITDA* = 1.8x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of December 31, 2013
($ millions)
Page 12
Coupon Rates: 7.500% 7.375% 5.250%
Debt Maturities & Pension Funding – 12/31/13
*TTM 12/31/2013 ** includes US-qualified plans only
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2013
Pension Funding**
As of December 31, 2013
Free Cash Flow and Strong Balance Sheet Fund Investment
• Targets that expand our:
• Specialty offerings
• End market presence
• Geographic footprint
• Operating Margin
• Synergy opportunities
• Adjacent material solutions
• Expanding our sales,
marketing, and technical
capabilities
• Investing in operational and
LSS initiatives (including
synergy capture)
• Manufacturing alignment Organic
Growth
Share
Repurchases
Dividends
Acquisitions
Page 13
$0.16
$0.20
$0.24
$0.32
$0.00
$0.10
$0.20
$0.30
$0.40
2011 2012 2013 2014
Annual Dividend
• Repurchased ~5 million
shares in 2013
• 15 million shares
are available for
repurchase under
the current
authorization
The New PolyOne: A Specialty Growth Company
2015 Target: $2.50 Adjusted EPS
Why Invest In PolyOne?
Reconciliation to Condensed Consolidated Balance Sheets 2013
Short-term debt and current portion of long-term debt $ 12.7
Long-term debt 976.2
Less cash and cash equivalents (365.2)
Net debt $ 623.7
Adjusted EBITDA 2013
Income before income taxes $ 151.0
Interest expense, net 63.5
Depreciation and amortization 108.8
Special items in EBITDA 31.7
Adjusted EBITDA $ 355.0
2
Platform sales and operating income (OI) 2006Y* 2013Y
Global Specialty Engineered Materials sales $ 345.3 $ 615.5
Global Color, Additives and Inks sales 531.8 852.3
Designed Structures and Solutions sales - 597.4
Specialty Platform sales 877.1 2,065.2
Performance Products and Solutions sales 1,166.2 773.2
PolyOne Distribution sales 732.8 1,075.2
Corporate and eliminations (153.7) (142.4)
Total sales $ 2,622.4 $ 3,771.2
Global Specialty Engineered Materials OI $ 3.9 $ 57.2
Global Color, Additives and Inks OI 8.9 104.0
Designed Structures & Solutions OI - 33.4
Specialty Platform OI 12.8 194.6
Performance Products and Solutions OI 64.2 56.0
PolyOne Distribution OI 19.2 63.3
Sunbelt Joint Venture OI 102.9 -
Corporate and eliminations (4.6) (52.4)
Special items in OI 39.1 (30.0)
Operating income GAAP 233.6 231.5
Sunbelt equity income (107.0) -
Special items in OI (39.1) 30.0
Adjusted operating income $ 87.5 $ 261.5
Global Specialty Engineered Materials - OI % of sales 1.1% 9.3%
Global Color, Additives and Inks - OI % of sales 1.7% 12.2%
Designed Structures & Solutions - OI % of sales - 5.6%
Specialty platform OI - % of sales 1.5% 9.4%
PP&S operating OI - % of sales 5.5% 7.2%
Distribution OI - % of sales 2.6% 5.9%
PolyOne OI adjusted - % of sales 3.3% 6.9%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/high-performance-synthetic-fibers/ultra-high-molecular-weight-polyethylene
Shrinkage dry air 177 ̊ 30 mins (%)