https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Global%2520Color%252C%2520Additives%252C%2520and%2520Inks.pdf
Van Hulle
Page 53
United States
33%
Europe
47%
Canada
Asia
12%
Latin America
Eastern
Europe
2%
2011 Revenue: $0.7 Billion*2011 Revenue: $0.7 Billion* SolutionsSolutions
At a Glance
Global Color, Additives, and Inks
Building &
Construction
11%
Wire & Cable
15%
Consumer
6%
Packaging
36%
Industrial
10%
Misc.
7%
HealthCare
3%
Transportation
6%
Textiles
6%
Canada
1%
Latin America
5%
2011 Revenue by Industry Segment*2011 Revenue by Industry Segment*
*Pro forma for the acquisition of ColorMatrix
Expanding ProfitsExpanding Profits
1.7%
4.6%
5.1% 5.5%
7.1%
9.6%
12-16%
2006 2007 2008 2009 2010 2011PF 2015
Operating Income % of Sales
Target
Page 54
Value Proposition
• GCAI is a global leader enabling OEMs and converters to
profitably expand their business with customized color and
additive solutions
Transformation Highlights
• Mix improvement and value-based selling has
Value Proposition and Transformation Highlights
Global Color, Additives, and Inks
• Mix improvement and value-based selling has
driven nearly 800 basis points increase in
operating margin since 2006
• 2011 acquisition of ColorMatrix accelerates
innovation pipeline and expansion into
new markets
> $12B Addressable Market
Page 55
• Unbiased, solution-based culture selling value
� Customer-centric approach
� Economic value impact documented for customers
• Complete package, product range and
service offering
� Custom solutions for customers’ unique requirements
Key Differentiators
Global Color, Additives, and Inks
� Custom solutions for customers’ unique requirements
� Industry-leading service offering
• Coordinated global infrastructure
� Consistency in product and
customer service
� Supply-chain reliability
Page 56
From Volume
Commodity white dominated mix
To Value
Focus on specialty color
Global Film Customer
Volume Revenue Gross Margin $
Mix Transformation – Executing the Strategy
Global Color, Additives, and Inks
2010 2011 2010 2011 2010 2011
Page 57
Global Packaging Customer
Volume Sales Gross Margin $
From Volume
Commodity white dominated mix
To Value
Focus on specialty color
Mix Transformation – Executing the Strategy
Global Color, Additives, and Inks
2010 2011 2010 2011 2010 2011
Page 58
• OnColor™ HC Plus
� Applications: Medical devices
� Customer benefits: Brand enhancement, expanded market
opportunities, speed-to-market
• WithStand™ Antimicrobial Solutions
� Applications: Healthcare devices, appliances, kitchen utensils
Key Innovations
Global Color, Additives, and Inks
� Applications: Healthcare devices, appliances, kitchen utensils
and surfaces, children’s toys
� Customer benefits: Expanded market opportunities, extended
product life
• OnCap™ Antifog
� Applications: Food packaging
� Customer benefits: Extended shelf life, improved product
aesthetics, production efficiencies
Page 59
• $1.5 billion attractive, growing market
• Additives improve performance and
reduce cost through light-weighting, reduced
waste, faster cycle times, and extended shelf
life of finished product
• Aligned with megatrend of protecting
the environment
Market Opportunity
Shelf-life extension
Greater product
consistency
Weight reduction
Performance Additives
Global Color, Additives, and Inks
the environment
Leading Global Supplier of Additives In Fast Growing PET Market
consistency
Recyclability and
reduced carbon
footprint
Color and special
effects
Enhanced product
aesthetics
High heat resistance
4% 4%
8%
9% 9%
10%
11%
14%
Western
Europe
North
America
South
America
MEA Easter
Europe
Asia
Pacific
China India
PET 2008-13P CAGR
Page 60
HyGuardTM Oxygen Barrier System
• Applications: Beverage containers, food packaging
• Function: Active scavenging system for
ColorMatrix Innovation
Global Color, Additives, and Inks
• Function: Active scavenging system for
oxygen-barrier improvement
• Customer benefits: Extended shelf-life,
light-weight, recyclable
Page 61
ColorMatrix Innovation
Global Color, Additives, and Inks
ExceliteTM Foaming Agent
• Applications: Vinyl sheet for digital printing
• Function: Chemical foaming agent for
weight reduction
• Customer benefits: Increased product
quality, operational efficiencies
Page 62
Joule RHBTM Advanced Reheat Technology
• Applications: PET containers
• Function: Infra-red absorber for improved
ColorMatrix Innovation
Global Color, Additives, and Inks
• Function: Infra-red absorber for improved
• Customer benefits: Sustainability,
operational and energy savings
reheating efficiency
Page 63
• Accelerate customer development
pipeline with OnColor™ HC Plus
• Provide solutions addressing infection
concerns in healthcare facilities
Areas of Focus
Global Color, Additives, and Inks
$8.7
$20.0
Healthcare
2006 2011PFconcerns in healthcare facilities
• Help customers expand into new
markets with HyGuard™ technology
• Extend food shelf life and consumer
appeal with OnCap™ Anti-Fog $130.2
$268.0
2006 2011PF
Packaging
2006 2011PF
(Revenue in $ millions)
2006 2011PF
2006 2011PF
Page 64
Critical Imperatives and 2015 Goal
Global Color, Additives, and Inks
Critical Imperatives
• Integrate and leverage ColorMatrix technology and
customer relationships
• Identify and focus on specialty applications within our
target markets
• Accelerate global expansion and profitability
improvements in emerging markets, leveraging
success in U.S. and Europe
2015 Goal
• 12 - 16% return on sales
Page 65
Page 66
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Performance%2520Products%2520and%2520Solutions.pdf
Rosenau
Page 84
United
States
81%
Europe
Canada
15%
Asia
2%
2011 Revenue: $0.9 Billion2011 Revenue: $0.9 Billion SolutionsSolutions
At a Glance
Performance Products and Solutions
Europe
2%
2%
$400
$600
$800
$1,000
$1,200
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
2006 2007 2008 2009 2010 2011 2015
S
a
le
s
($
m
il
li
o
n
s)
O
p
e
ra
ti
n
g
I
n
c
o
m
e
%
o
f
S
a
le
s
Operating Income % and Revenue
2011 Revenue by Industry Segment2011 Revenue by Industry Segment Expanding ProfitsExpanding Profits
OI % of Sales Sales
9-12%
Appliance
4%
Building &
Construction
30%
Wire & Cable
17%
Electrical &
Electronics
2%
Consumer
4%
Packaging
9%
Industrial
20%
Misc.
2%
HealthCare
2%
Transportation
8%
Textiles
2%
Target
Page 85
• Trend toward more
affordable housing
favors our product
1.5
2.0
2.5
Housing Starts
(in million units)
50 year average
Market Dynamics
Performance Products and Solutions
• Ultimate housing
recovery presents
substantial upside to
already record-
setting results
Source: Historical Data from the US Census Bureau,
2012 estimate is a PolyOne projection.
0.0
0.5
1.0
'87 '89 '91 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12
Page 86
Value Proposition
• Premier provider of specialized vinyl and supply chain solutions, leading
the industry in innovation and service
Transformation Highlights
• Management upgrades ensure that each PP&S business
Value Proposition and Transformation Highlights
Performance Products and Solutions
• Management upgrades ensure that each PP&S business
maximizes performance
• Asset realignment and Lean Six Sigma reduce costs
• Strengthened relationship with winning customers
• Increased differentiation in all business units
> $12B Addressable Market
Page 87
Key Differentiators
Performance Products and Solutions
• Providing application design, material design
and / or process design assistance not available
from competitors
• Capability to improve joint value streams
• We are the best innovator in our space • We are the best innovator in our space
• Expanding customers’ opportunities
by providing innovative materials
and marketing ideas
• We provide world-class customer
service and delivery performance
Page 88
13.7% 14.3%
15.5%
9.9%
6.2%
5.4%
2006 2007 2008 2009 2010 2011
WC % of Sales
• Best-in-class working
capital management and
delivery performance
• Improved raw material
Areas of Focus – Operational Excellence
Performance Products and Solutions
2006 2007 2008 2009 2010 2011
89.1%
92.0%
94.2%
93.4% 93.4% 94.0%
2006 2007 2008 2009 2010 2011
On-Time Delivery
• Improved raw material
positions, sourcing savings
• PolyOne pilot site for many
LSS and manufacturing
excellence programs
*As measured to customer request date
*
Page 89
• reFlexTM Bioplasticizers
Applications: Wide variety of flexible vinyl-based products
• GeonTM HC for Healthcare
� Applications: Medical device housings, specialty tubing
� Customer benefits: Withstand aggressive antiseptics
Key Innovations
Performance Products and Solutions
� Applications: Wide variety of flexible vinyl-based products
� Customer benefits: Lower carbon footprint,
improved productivity
• GeonTM SF Super Flow
� Applications: Large appliance parts, molded siding panels
� Customer benefits: Flame retardancy, detergent resistance
Page 90
Critical Imperatives and 2015 Goal
Performance Products and Solutions
Critical Imperatives
• Accelerate innovation - grow in new applications not
historically served with vinyl
• Drive continuous improvement in manufacturing and
working capital efficienciesworking capital efficiencies
• Selectively leverage construction recovery
2015 Goal
• 9 - 12% return on sales
Page 91
Page 92
https://www.avient.com/sites/default/files/2022-06/CAI Animal Free Additives Product Bulletin.pdf
PRODUCT BULLETIN
Cesa™ & OnCap™ Animal-Free & Food Contact
Approved Film Additives
Animal-Free Additive Solutions for Flexible Food Packaging
with Extensive Food Contact Approvals
FOOD PACKAGING IN A
CHANGING MARKET
In many food contact applications, flexible plastic
packaging is replacing rigid packaging for varied
reasons; it has lightweight characteristics, is easy
to customize in any shape, and has a favorable
carbon footprint.
https://www.avient.com/sites/default/files/2021-05/2021-colormatrix-quick-guide-to-liquid-color_0.pdf
COLOR COMPLIANCE
REGULATORY ADVICE AND DOCUMENTATION
COLOR
SUSTAINABILITY
Reducing carbon footprint in the way that a colorant is
formulated and processed has become an increasing
priority for plastics processors.
Manufacturers operating lean manufacturing
systems can also benefit by driving down inventory
requirements even further
• Avient’s advanced liquid systems can be run at lower
temperatures whilst maintaining stability allowing
important energy cost and carbon footprint savings to
be made
LIQUID COLOR
SERVICE PACKAGE
Avient is dedicated to supporting its customers with
a full package of support services to ensure optimum
value from our advanced colorant and additive
technologies.
https://www.avient.com/sites/default/files/2021-05/2021-colormatrix-quick-guide-to-liquid-color.pdf
COLOR COMPLIANCE
REGULATORY ADVICE AND DOCUMENTATION
COLOR
SUSTAINABILITY
Reducing carbon footprint in the way that a colorant is
formulated and processed has become an increasing
priority for plastics processors.
Manufacturers operating lean manufacturing
systems can also benefit by driving down inventory
requirements even further
• Avient’s advanced liquid systems can be run at lower
temperatures whilst maintaining stability allowing
important energy cost and carbon footprint savings to
be made
LIQUID COLOR
SERVICE PACKAGE
Avient is dedicated to supporting its customers with
a full package of support services to ensure optimum
value from our advanced colorant and additive
technologies.
https://www.avient.com/sites/default/files/2023-01/Maxxam REC Recycled Polyolefin Formulations Product Bulletin.pdf
KEY CHARACTERISTICS
• Formulated with 25–100% recycled resin
from PIR & PCR sources
• Reduces waste and supports the circular
economy
• Achieves equivalent performance to
standard polyolefin formulations
• Can be recycled at end of life
• Provides good stiffness, durability,
impact resistance and UV stability
• Enables customized performance
characteristics depending on
application need
MARKETS AND APPLICATIONS
Maxxam REC Polyolefins are suitable for use across
many industries and applications where traditional
polyolefin materials are used, including:
• Transportation - HVAC systems, engine guards,
battery housings, flame retardant applications
• Industrial - Structural parts, furniture
• Consumer - Household appliances,
personal care items, packaging, office supplies,
food contact applications
• Electrical and Electronic – Housings, buttons,
junction boxes
SUSTAINABILITY BENEFITS
• Formulated with 25–100% recycled resin
from PIR and/or PCR sources
• Reduces waste and supports the circular
economy
• Reduces carbon footprint
• Can be recycled at end of life
PRODUCT BULLETIN
CHARACTERISTICS UNITS
Maxxam REC
RS5200-5029 C
BLACK X2
Maxxam REC
MX5200-5036
HS I BLACK
Maxxam REC
MX5200-5037
RS HS I BLACK
Maxxam REC
MX5200-5038
RS HS I BLACK
Maxxam REC
MX5200-5039
RS HS I BLACK
Filler/
Reinforcement
– Unfilled Unfilled 20% Mineral 40% Mineral 30% Glass Fiber
Recycled
Content
– 95% PCR 97% PIR 75% PIR 55% PIR 65% PIR
Density
(ISO 1183)
g/ccm 0.93 0.95 1.09 1.28 1.15
Tensile Modulus
(ISO 527-1)
MPa 1250 950 1500 2150 4250
Tensile Stress
(ISO 527-2)
MPa 25 175 10 15 50
Tensile Strain Break (ISO
527-2)
% >20 >80 >30 17 4.5
Charpy Notched
(ISO 179)
kJ/m 3 8 5 4 11
TECHNICAL PERFORMANCE
CHARACTERISTICS UNITS
Maxxam REC
RS5200-5026
RS NHFR
BLACK 70
Maxxam REC
FR H8 V2
BLACK RG 70
Maxxam REC
L6 GF/30 H
BLACK T RG
70
Maxxam REC
MX5200-5027
RS HS
BLACK RG
Maxxam REC
MX5200-5028
RS HS
BLACK RG
Maxxam REC
C10 H-UV AS
EP RG
BLACK 70
Filler/
Reinforcement
– 30% Glass Fiber Unfilled 30% Glass Fiber 30% Glass Fiber 40% Talcum Unfilled
Recycled Content – 37% PIR 90% PIR 55% PIR 35% PIR 50% PIR 25% PIR
Density
(ISO 1183)
g/ccm 1.42 0.950 1.13 1.15 1.23 1.03
Tensile Modulus
(ISO 527-1)
MPa 8250 1300 6100 6400 – 700
Tensile Stress
(ISO 527-2)
MPa 71.0 30.0 70.0 70.0 28.0 15.0
Notched Izod
(ISO 180)
kJ/m – 4.0 10 5.8 2.7 No Break
Flame Rating
@ 1.6mm thickness
(UL 94)
– V-0 V-2 HB HB HB HB
TECHNICAL PERFORMANCE
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Specialization.pdf
McAlindon
(24) Page 24
Award-Winning Marketing Campaign
Page 25
2012 Range Rover Evoque Interior
• Color harmonization across
15 unique color-and-polymer
combinations
• Eliminated need for multiple pre-
colored materials
• Reduced Land Rover’s working
capital
Page 26
KOR Delta Hydration Vessel
• Specialty TPE formulation
overcame performance issues
• Eliminated secondary assembly
process for increased
operational efficiency
Interior
seal
Flip-top
seal
Bottom
ring
Page 27
Friedrich Kühl® Decorative Air Conditioner Housing
• Replaced painted ABS
housing with Geon™ solution
• Reduced operating noise
• Simplified manufacturing
footprint to drive significant
cost savings
Page 28
• Focused on markets with high
growth and profit potential
• Leveraging our in-depth
knowledge of formulation
Focused Efforts in Attractive Industry Segments
$113
$260
Healthcare
and processing to develop
market driven solutions
• Aligning resources across the
organization to drive growth
in target markets $152
$228
2006 2011
Sustainable Solutions
(Revenue in $ millions)
2006 2011
2006 2011
2006 2011
Page 29
• Design service collaboration
• Doubled productivity and
improved yield rates
• Substantial reduction in
overall manufacturing costs
Pulmonary Device
Page 30
Innovating for the future…
Rejuvenate a mature industry with new
products and processes
Products designed for “next life” instead of
“end life”
Plastics: Key to Future Sustainable Development
…Making a difference today!
end life”
New designs for energy and carbon efficiency
New applications for used and recycled plastics
Page 31
Therma-Tech™ LED Lighting
• Replaces metal in LED lighting
• Extends LED durability and life
span eliminating hot spots
• Greater design flexibility with • Greater design flexibility with
fewer parts
• Weight reduction
• Simplifies manufacturing and
lowers total production cost
Page 32
Decreasing Decreasing
Dependence on Dependence on
Fossil FuelsFossil Fuels
Globalizing and Globalizing and
LocalizingLocalizing
Protecting the Protecting the
EnvironmentEnvironment
Protecting the Protecting the
EnvironmentEnvironment
Improving Improving
Health and Health and
WellnessWellness
Improving Improving
Health and Health and
WellnessWellness
Alignment with Megatrends
• Aging
population
• Longer life
expectancy
• Healthy living
• Aging in place
• Aging
population
• Longer life
expectancy
• Healthy living
• Aging in place
• Environmental
consciousness
• Alternative
energy
• Resource
efficiency
• Biotechnology
• Environmental
consciousness
• Alternative
energy
• Resource
efficiency
• Biotechnology
• Global
leader/local
expert with
customized
solutions
• Global OEMs
seeking one
standard of
service
everywhere
• Global
leader/local
expert with
customized
solutions
• Global OEMs
seeking one
standard of
service
everywhere
• Efficiency focus
• Reduced
size/weight
• Mass transit
• Alternative
materials
• Electric vehicles
• Efficiency focus
• Reduced
size/weight
• Mass transit
• Alternative
materials
• Electric vehicles
Page 33
48.7%
$40.5
26.3%
Research & Development
Spending
Specialty Platform
Vitality Index Progression*
Innovation Drives Earnings Growth
Specialty Platform
Gross Margin %
* Percentage of Specialty platform revenue from products introduced in last five years
19.5%
2006 2011PF
$20.3
2006 2011PF
14.3%
2006 2011PF
($ millions)
Page 34
StrategyStrategy
PolyOne Innovation Framework
Unmet Needs
Identification
Idea Generation
and Shaping
Offering Offering Offering Offering
Phased Offering
Launch
Offering Offering
LaunchLaunch
Offering Offering
DevelopmentDevelopment
Market
Penetration
and Value
Maximization
Intellectual Property ● Resources ● CultureIntellectual Property ● Resources ● Culture
Page 35
• Accelerate growth in targeted industries and expand
geographic presence through market-driven innovations
• Leverage new talent, tools, and training to drive customer
satisfaction and margin expansion
Critical Imperatives
satisfaction and margin expansion
• Translate best practices
to / from ColorMatrix
• Drive specialization using a
value-based mindset
Page 36
Page 37
https://www.avient.com/investor-center/news/avient-announces-twelfth-consecutive-annual-increase-quarterly-dividend
carbon
footprint
https://www.avient.com/investor-center/news/avient-completes-sale-distribution-business-hig-capital
carbon
footprint
https://www.avient.com/investor-center/news/avient-announces-debt-financing-fund-acquisition-dsm-protective-materials
carbon
footprint