https://www.avient.com/sites/default/files/2020-03/PolyOne_Website-12.19.pdf
They are based on management’s expectations that involve a number of business risks and
uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
Richardson
Executive Vice President and
Chief Financial Officer
PolyOne Corporation 4
PolyOne Corporation 5
Landmark portfolio transformation: > 85% of Adjusted EBITDA
from specialty solutions
World-class innovation, technology and service are differentiators
Sustainability initiatives and alignment with megatrends drive
above market growth in key end markets and applications:
Capital management is a strength - proven track record of
expanding ROIC while increasing invested capital
Transaction expected to add $0.85 to pro forma adjusted EPS
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
Integrity
V I S I O N
PolyOne Corporation 6
To be the world’s
premier provider of
specialized polymer
materials, services and
solutions
C O R E
V A L U E S
P E R S O N A L
V A L U E S
Honesty Respect
Operational
Excellence
Commercial
Excellence
Specialization
Globalization
Collaboration ExcellenceInnovation
To be the world’s
premier provider of
sustainable, specialty
polymer materials and
solutions.
Sources
Cash from Balance Sheet $465
New Senior Unsecured Notes 650
New Equity 450
Total Sources $1,565
Uses
Clariant Masterbatch $1,500
Clariant India Masterbatch 60
Less: Lease Adjustment (113)
Net Purchase Price $1,447
Net Cash Acquired 57
Fees, Expenses & OID 61
Total Uses $1,565
($ Millions)
Cash and Cash Equivalents $370
$450M Senior Secured ABL Revolver -
Senior Secured Term Loan B due 2026 624
Other Debt 25
Total Senior Secured Debt $649
5.25% Senior Unsecured Notes due 2023 $600
New Senior Unsecured Notes 650
Total Senior Debt $1,899
Net Debt $1,529
New Equity $450
Pro Forma Capitalization
(1)
PF 12/31/2019
$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
Financing
Financing
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 26
PolyOne Corporation 27
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
Landmark portfolio transformation: > 85% of Adjusted EBITDA
from specialty solutions
World-class innovation, technology and service are differentiators
Sustainability initiatives and alignment with megatrends drive
above market growth in key end markets and applications:
Capital management is a strength - proven track record of
expanding ROIC while increasing invested capital
Transaction expected to add $0.85 to pro forma adjusted EPS
PolyOne Corporation 28
PolyOne Corporation 29
https://www.avient.com/news/polyone-acquires-magenta-master-fibers
unique, customer-first approach to color and additive solutions begins with an unbiased perspective as to the technology.
is a premier provider of specialized polymer materials, services and solutions.
They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
https://www.avient.com/sites/default/files/2022-09/Cesa Aversive Product Bulletin.pdf
PRODUCT RANGE
Our products have been submitted to the BPR and
received an authorization number.
Longer lasting protection can help
avoid unplanned service breakdowns and associated
high costs for repairing or installing brand new
replacement cables.
TECHNOLOGY BENEFITS
• Helps provide long term cable protection against
rats and termites
• Enables manufacturers and cable users to be
compliant with EU Regulations
• Easy to use, direct incorporation in the jacket,
no need for additional layer to protect the cable
• Helps avoid unplanned service breakdowns
with associated high repair costs
1 CA-Sept15-Doc.6.2- Final
2 A masterbatch should be regarded as a biocidal product if it is has a biocidal function.
https://www.avient.com/news/avient-attains-acc-responsible-care-14001-global-certification-environmental-health-safety-and-security-excellence
A growing number of customers and commercial partners seek organizations that prioritize protecting the environment, ensuring the well-being of employees, and safeguarding the communities in which they operate,” said Chad Martinez, senior manager, Environmental, Health & Safety Management Systems at Avient.
This third-party verification goes beyond compliance; it reflects Avient's dedication to providing improved service, quality standards, and overall confidence and trust that customers place in our company.”
About Avient
Avient Corporation provides specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world.
https://www.avient.com/news/pharmapack-2025-feature-polymer-colorants-and-additives-avient-enhance-performance-and-sustainability
This portfolio combines expertise in polymer formulation with controlled manufacturing conditions and robust change control management beyond the Chemical Abstracts Service (CAS) identification number.
Custom color and special effects — for brand recognition and differentiation and to increase patient adherence to treatment plans
Our local touch and customer engagement, combined with our global presence, allows us to serve customers with agility.
https://www.avient.com/investor-center/news/polyone-signs-agreement-divest-designed-structures-and-solutions
Patterson continued, "Looking back at the Spartech acquisition completed in 2013, there were a number of positive, value-creating elements of the deal.
as well as the beginnings of our IQ Design services which are now broadly used across the entire company."
They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
https://www.avient.com/sites/default/files/2024-07/TPE Whitepaper_0.pdf
Parts Cost
Surplus Stock
Carbon Footprint
Power Consumption
Production Time
TPE Benefits
TPEs can reduce:
TPE Applications
TPEs can used to produce:
Better grips on
instruments
Easy
branding
Easy-to-open
pill bottles
Needs to Meet Future Growth
2010
TPE
Substrate
2030
Futu
re De
man
d
2050
Supply Chain Cap
acity
TPE
Substrate
4© 2020 Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
CASE IN POINT: STOPPERS AND SEPTUMS
Versaflex™ HC TPE from Avient offers customers an exceptional
alternative to rubber for septums and stoppers.
This was achieved, in part, through Avient’s customer service,
which offers commercial, logistics and technical support to stopper and
cap producers on a global basis.
You have an opportunity to drive growth by addressing global demand
for your products, which is spiking in direct response to the needs of
elderly patients and the increasing number of middle-class consumers
in China, India and Brazil, among other nations.
https://www.avient.com/sites/default/files/2023-09/Avient Sustainability Day 2023 - Website %289.19%29.pdf
They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
Our ability to
enable our
customers’
sustainability goals
through material
science and design
expertise is a key
differentiator for
our company.
Avient’s PCR Color Prediction Service
helps me achieve this objective… The Redken launch would not have been possible
without this service.”
https://www.avient.com/news/enhanced-virtual-simulation-capabilities-avient-support-use-polymer-materials-structural-applications
Avient enhances virtual simulation and prediction services for structural applications of its fiber-reinforced polymer materials.
This enables customers to replace metal with plastic and take advantage of benefits like sustainability through lightweighting, design freedom, and easier processing.”
Additionally, designers may access material data and models for a growing number of Avient’s fiber-reinforced solutions using Hexagon’s Digimat™- MX (Material Exchange) software platform.
https://www.avient.com/investor-center/news/polyone-completes-sale-designed-structures-and-solutions
is a premier provider of specialized polymer materials, services and solutions.
is committed to its customers, employees, communities and shareholders through ethical, sustainable and fiscally responsible principles.
They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.