https://www.avient.com/sites/default/files/2024-10/Stan Tone HC Plus Menstrual Cups Snapshot.pdf
SILICONE PRODUCT
MA NUFAC TURER
M E N S T R U A L C U P S
• Biocompatible silicone pigment dispersion that meets
healthcare industry material requirements
• Custom-colored silicone paste colorant dispersion for
liquid silicone rubber (LSR)
• Offered a USP Class VI certified,
biocompatible silicone colorant dispersion
with necessary regulatory support to meet
the stringent demands of healthcare
product manufacturing
• Provided color customization options
through personalized communication and
high-level technical support
Stan-Tone HC Plus Silicone Dispersions
for Healthcare
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/polymer-colorants/colorant-dispersions/stan-tone-hc-plus-silicone-dispersions-healthcare
Slide 1: Silicone product manufacturer
https://www.avient.com/sites/default/files/resources/dB%2520June%2520Presentation%2520June%252012%25202013%2520%25282%2529.pdf
EPS: $1.00
First Quarter Financial Highlights
• 14th consecutive quarter of double digit adjusted earnings per
share growth
• 29 percent increase in adjusted EPS
34 percent increase in Specialty operating income
Growth from all regions
Virtually all organic growth
• Strengthened our financial
position
Page 12
• Total Debt at 3/31/13
Less: Cash
Net Debt
• Available Liquidity
Cash
ABL Availability
Total Liquidity
• Net Debt / EBITDA = 2.7x*
$169
285
$454
$1,056
169
$887
$50
$360
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of March 31, 2013
($ millions)
Page 13
Coupon Rates: 7.500% 7.375% 5.250%
*Pro Forma TTM with no synergies related to Spartech acquisition & excludes resin assets
Debt Maturities & Liquidity Summary – 3/31/13
Cash Balance = $169M
Net Debt / EBITDA* = 2.7x
• Repurchased
840k shares in Q1
2013
• 19.1 million
shares are
available for
repurchase under
the current
authorization
Share
Repurchase
• Introduced a
quarterly dividend
in Q1 2011 and
increased in Q1
2012 (25%) and
Q1 2013 (20%)
• Objective of
maintaining and
growing
Dividends
• Expanding our
sales, marketing,
and technical
capabilities is top
priority
• Investing in
operational and
LSS initiatives
(including synergy
capture)
• CAPEX
Organic
Growth
• Targets that expand our:
• Specialty offering
• End market presence
• Geographic footprint
• Synergy opportunities
• Adjacent material solutions
Acquisitions
*TTM with no synergies related to the Spartech acquisition
Use of Cash
Page 14
Why Invest In PolyOne?
Specialty platform operating mix percentage
Platform sales and operating income (OI) 2006Y* 2007Y* 2008Y* 2009Y* 2010Y* 2011Y*
Global Specialty Engineered Materials
Sales $ 345.3 $ 384.4 $ 514.0 $ 402.9 $ 517.4 $ 575.1
Global Color, Additives and Inks Sales 531.8 560.5 554.3 459.8 527.4 544.6
Specialty Platform Sales $ 877.1 $ 944.9 $ 1,068.3 $ 862.7 $ 1,044.8 $ 1,119.7
Performance Products and Solutions Sales 1,166.2 1,086.8 1,001.4 667.7 776.3 865.4
PolyOne Distribution Sales 732.8 744.3 796.7 625.1 911.9 996.5
Corporate and Eliminations (153.7) (133.3) (127.7) (94.8) (111.1) (118.1)
Total Sales $ 2,622.4 $ 2,642.7 $ 2,738.7 $ 2,060.7 $ 2,621.9 $ 2,863.5
Global Specialty Engineered Materials OI $ 3.9 $ 4.9 $ 17.6 $ 20.6 $ 49.7 $ 45.9
Global Color, Additives and Inks OI 8.9 25.7 28.1 25.2 37.7 43.4
Specialty Platform OI $ 12.8 $ 30.6 $ 45.7 $ 45.8 $ 87.4 $ 89.3
Performance Products and Solutions OI 64.2 65.8 31.3 33.1 54.0 62.4
PolyOne Distribution OI 19.2 22.1 28.1 24.8 42.0 56.0
Sunbelt Joint Venture OI 102.9 34.8 28.6 25.5 18.9 5.0
Corporate and eliminations (4.6) (25.5) (28.9) (40.8) (32.5) (26.4)
Special items in OI 39.1 (47.8) (396.2) 48.7 4.8 46.7
Operating income (loss) GAAP $ 233.6 $ 80.0 $ (291.4) $ 137.1 $ 174.6 $ 233.0
Sunbelt equity income (107.0) (40.8) (32.5) (29.7) (23.1) (5.7)
Special items in OI (39.1) 47.8 396.2 (48.7) (4.8) (46.7)
Operating income adjusted $ 87.5 $ 87.0 $ 72.3 $ 58.7 $ 146.7 $ 180.6
Global Specialty Engineered Materials - OI
% of sales
1.1%
1.3%
3.4%
5.1%
9.6%
8.0%
Global Color, Additives and Inks - OI
% of sales 1.7% 4.6% 5.1% 5.5%
7.1%
8.0%
Specialty platform OI - % of sales 1.5% 3.2% 4.3% 5.3% 8.4% 8.0%
PP&S operating OI - % of sales 5.5% 6.1% 3.1% 5.0% 7.0% 7.2%
Distribution OI - % of sales 2.6% 3.0% 3.5% 4.0% 4.6% 5.6%
PolyOne OI adjusted - % of sales 3.3% 3.3% 2.6% 2.8% 5.6% 6.3%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes the Resin business assets.
Average Debt Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Average
PolyOne Debt $ 706.4 $ 705.8 $ 705.2 $ 706.9 $ 1055.5 $ 776.0
Average Equity Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Average
PolyOne shareholders’ equity $ 611.3 $ 604.3 $ 629.3 $ 629.1 $ 871.8 $ 669.2
Platform sales and operating income (OI) 2012Y* 2012PF** Q1 2013
Global Specialty Engineered Materials Sales $ 543.6 $ 773.0 $ 159.8
Global Color, Additives and Inks Sales 703.5 828.5 205.3
Designed Structures & Solutions -- 850.6 41.5
Specialty Platform Sales $ 1,247.1 2,452.1 406.6
Performance Products and Solutions Sales 837.0 696.1 159.7
PolyOne Distribution Sales 1,030.3 1,030.3 268.0
Corporate and Eliminations (121.8) (121.6) (33.2)
Total Sales $ 2,992.6 $ 4,056.9 $ 801.1
Global Specialty Engineered Materials OI $ 47.0 $ 47.7 $ 16.2
Global Color, Additives and Inks OI 66.8 81.6 24.1
Designed Structures & Solutions -- 20.9 1.9
Specialty Platform OI $ 113.8 $ 150.2 $ 42.2
Performance Products and Solutions OI 74.9 37.4 13.0
PolyOne Distribution OI 66.0 66.0 16.2
Corporate and eliminations (33.7) (40.0) (14.3)
Special items in OI (53.9) (53.9) (16.6)
Operating income - GAAP $ 167.1 $ 159.7 $ 40.5
Special items in OI 53.9 53.9 16.6
Operating income adjusted $ 221.0 $ 213.6 $ 57.1
Global Specialty Engineered Materials - OI % of
sales
8.6% 6.1% 10.1%
Global Color, Additives and Inks - OI % of sales 9.5% 9.8% 11.7%
Designed Structures & Solutions -- 2.5% 4.6%
Specialty platform OI % of sales 9.1% 6.1% 10.4%
PP&S operating OI % of sales 9.0% 5.4% 8.1%
Distribution OI % of sales 6.4% 6.4% 6.0%
PolyOne OI adjusted, % of sales 7.4% 5.3% 7.1%
PolyOne Investor Presentation�Deutsche Bank 2013 Global Industrials and Basic Materials Conference ��June 12, 2013�
Forward – Looking Statements
Use of Non GAAP Measures
Strategy and Execution Drive Results
Four Pillar Strategy
2013 Portfolio Transformation Highlights
PolyOne�At A Glance
Mix Shift Highlights Specialty Transformation
Proof of Performance & 2015 Goals
Innovation Drives Earnings Growth
Positioned for Strong Growth
First Quarter Financial Highlights
Debt Maturities & Liquidity Summary – 3/31/13
Use of Cash
Why Invest In PolyOne?
https://www.avient.com/investor-center/news/avient-announces-commencement-725-million-senior-notes-offering
products include specialty engineered materials, advanced composites, color and additive systems and polymer distribution.
is also a highly specialized developer and manufacturer of performance enhancing additives, liquid colorants and fluoropolymer and silicone colorants.
https://www.avient.com/investor-center/news/avient-announces-pricing-725-million-7125-senior-notes-due-2030
products include specialty engineered materials, advanced composites, color and additive systems and polymer distribution.
is also a highly specialized developer and manufacturer of performance enhancing additives, liquid colorants and fluoropolymer and silicone colorants.
https://www.avient.com/sites/default/files/2024-09/CCG Application Snapshot PTFE dispersed pigment tubing.pdf
PTFE Wire insulation
T U B I N G
M A N U FAC T U R E R
P T F E C A T H E T E R T U B I N G
• Food contact compliance
• Avoid contamination risks resulting from dry pigments
• Powder paste extrusion process
• High quality dispersion
• Availability of custom color options
• Supplied pigments with FDA clearance
• Optimized pigment particle size and distribution to
achieve high-quality dispersion
• Provided a technology based on high-quality
pigments and ready-to-use formulations
• Offered a standard liquid pigment portfolio in a
wide range of shades with color-matching
capabilities
• Improved manufacturing process stability and
efficiency
Colorant Chromatics PTFE Dispersed
Pigment Solutions
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
PROCESSING + COLORABILITY
Copyright © 2024, Avient Corporation.
LEARN MORE
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates/colorant-chromatics-dispersed-pigments-ptfe#:~:text=Colorant%20Chromatics%E2%84%A2%20formulations%20use,PTFE%20tape%20and%20PTFE%20yarns.
https://www.avient.com/sites/default/files/2025-03/ColorMatrix Smartheat RHC Technical Bulletin.pdf
ColorMatrix™ SmartHeat™ RHC
ColorMatrix™ SmartHeat™ RHC is a formulated
liquid bottle-blowing process aid.
It
can be supplied as a stand-alone product or as a
combination product, where it can be incorporated
into a liquid color, acetaldehyde scavenger, or UV
light barrier additive.
EU FDA Mercosur
SmartHeat RHC Yes Yes Yes
PACKAGING
Package Type Quantity
5G Pail Up to 40 lbs
Planetpak Up to 40 lbs
Test Description Test Method Units Typical Values
Viscosity Avient Method cP 6,000–10,000
Density Avient Method Lbs/gal 7.9–8.9
Color Variance Avient Method ∆E 0.0–1.0
Color Appearance Visual — Slight Blue
Dispersion Pressout Visual — Pass
Opacity: Visual Visual — Pass
TYPICAL GENERAL PROPERTIES1
1Typical values are not to be construed as specifications.
https://www.avient.com/sites/default/files/2022-10/2022 Automotive Industry Overview Brochure.pdf
AUTOMOTIVE
SOLUTIONS
ENGINEERED POLYMERS
ELASTOMERS
ADVANCED COMPOSITES
COLORANTS
ADDITIVES
PLASTISOLS
VINYL POWDERS
DESIGN & COLOR SERVICES
ENABLING SUSTAINABILITY
We are committed to helping you be more
sustainable, and our advanced materials
aim to support your commitments and
meet industry demands.
Our global team is here to accelerate development and part
approvals, supporting you with:
• Materials that meet over 500 automotive polymer OEM
specifications
• More than 14,000 color and additive approvals for OEM
specifications, including more than 2,000 UL94-registered
concentrates and pre-colors
• Advanced design and color expertise
PORTFOLIO HIGHLIGHTS
Specialized polymers and composites
• Thermoplastic Elastomers
• Recycled and Bio-based Thermoplastic Elastomers
• Long Fiber Reinforced Formulations
• Thermally Conductive Formulations
• Static Dissipative, Electrically Conductive, and EMI/RFI
Shielding Formulations
• Pre-Colored Thermoplastics for Premium Finishes
• Engineered Polymer Formulations
• Continuous Fiber Tapes & Laminates
Colorants, additives, and plastisols
• Solid & Liquid Colorants (special effects & bio-based)
• Colorant and Additive Concentrates
• Functional and Performance Additives (UV, FR,
antimicrobial, and more)
• Liquid Additives
• Chemical Foaming and Nucleating Agents
• High-Temperature Concentrates
• Silicone Dispersions
• Vinyl Powders and Plastisols
Design & Color Services
• Avient Design
• ColorWorks™ Design & Technology Centers
UNDERHOOD
Air Management
Fuel Systems
Filters/Cleaners
Engines/Power train
Fans & Shrouds
Engine & Cam Covers
Fluid Reservoirs
Sealing Systems
Wire & Cable and Connectors
Battery Systems & Supports
EV Battery Systems
Sensors/Controls/Actuators
Turbo/Super Chargers
Control Modules/Valves
Gears & Hoses
HVAC Systems
Electrical Control Units
EXTERIOR
Move over metal... our material
and colorant solutions enable
you to replace metal and paint
while improving miles per gallon
or per charge.
INTERIOR
Our polymers, additives and
colorants help you to improve
performance, aesthetics, and
durability.
https://www.avient.com/sites/default/files/resources/POL%2520CFA%2520IR%2520Presentation%2520w%2520non%2520GAAP%252011%252019%25202013.pdf
EPS: $1.00
$0.28
$0.36
$0.20
$0.30
$0.40
Q3 '12 Q3 '13
Adjusted EPS
$51.8
$72.4
$40.0
$60.0
$80.0
Q3 '12 Q3 '13
Adjusted Operating Income
(millions)
40%
$31.7
$55.3
$20.0
$40.0
$60.0
Q3 '12 Q3 '13
Specialty Operating Income
(millions)
Q3 2013 Financial Highlights
• Adjusted EPS increased 29% over prior
year
• Adjusted Operating Income expanded
40% versus Q3 2012
• Specialty operating income up 74%
• Revenue increases 43% versus Q3 2012
• Portfolio transformation activities
Completed acquisition of Spartech
Divested non-core Resin Business
29%
74%
Page 11
Significant Debt Maturities
Other Debt
Total Debt at 9/30/13
Less: Cash
Net Debt
Available Liquidity
Cash
ABL Availability
Total Liquidity
Net Debt / EBITDA* = 1.9x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of September 30, 2013
($ millions)
Page 12
Coupon Rates: 7.500% 7.375% 5.250%
Debt Maturities & Liquidity Summary – 9/30/13
$ 965
22
$ 987
323
$ 664
$ 323
308
$631
*TTM 9/30/2013
Cash Balance = $323M
Net Debt / EBITDA* = 1.9x
• Repurchased 3.8M
shares YTD in
2013
• 16.2 million shares
are available for
repurchase under
the current
authorization
• Repurchased $45
million, par value,
of higher coupon
bonds YTD
Share/Bond
Repurchase
• Introduced a
quarterly dividend
in Q1 2011 and
increased in Q1
2012 (25%) and
Q1 2013 (20%)
• Objective of
maintaining and
growing
Dividends
• Expanding our
sales, marketing,
and technical
capabilities is top
priority
• Investing in
operational and
LSS initiatives
(including synergy
capture)
• North American
manufacturing
alignment
• CAPEX
Organic
Growth
• Targets that expand our:
• Specialty offering
• End market presence
• Geographic footprint
• Synergy opportunities
• Adjacent material solutions
Acquisitions
*TTM 9/30/2013
Use of Cash
Page 13
Why Invest In PolyOne?
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.
Three Months Ended
‘’’’’September 30,
Platform operating income “””””””2013 2012 (a)
Global Specialty Engineered Materials $ 15.7 $ 13.1
Global Color, Additives and Inks 28.7 18.6
Designed Structures and Solutions 10.9 –
Specialty Platform 55.3 31.7
Performance Products and Solutions 14.3 12.3
PolyOne Distribution 16.6 16.4
Corporate and eliminations (24.6) (16.9)
Operating income $ 61.6 $ 43.5
(a) Adjusted to reflect the resins business as a discontinued operation.
https://www.avient.com/sites/default/files/2022-11/Smarter Materials High Performance Thermoplastics.pdf
Melting Point: Melting point is the temperature at which
a crystalline polymer becomes a disordered liquid.
4.
Using pre-colored resin, where every pellet is precisely the right color
2.
Therefore, pre-colored
resin is highly recommended
https://www.avient.com/sites/default/files/2020-07/core-vinyl-plastisols-product-bulletin.pdf
Liquid
at room temperature, CORE™ Vinyl Plastisols can
be poured, pumped or sprayed, depending on the
formulation and its resulting product.
KEY CHARACTERISTICS
• Ease of conversion from liquid plastisol
to fused thermoplastic solid
• Available in a range of hardness and colors
• Used in molding, casting and dip coating,
including hot and cold dipping
• Customizable formulations for automotive,
healthcare, industrial and other specialty
applications to comply with regulatory
requirements including FDA, RoHS, REACH,
Prop-65, CPSIA and CONEG
• Non-phthalate formulations available for
healthcare, playground equipment, outdoor
furniture and other high-touch applications
MARKET AND APPLICATIONS
CORE™ Vinyl Plastisols are available for a wide
variety of uses, including:
• Automotive air filters
• Tool handles, grips
• Outdoor furniture and playground equipment
• Fencing, wire grates
• Industrial textiles
• Healthcare masks, molds, medical tape,
manikins and stethoscopes
• Medical cannula
• Sound barriers
• Seals/barriers for food packaging
• Construction coatings
• Electrical insulators
• Protective caps
• Antistatic flooring and mats
www.avient.com
Copyright © 2020, Avient Corporation.