https://www.avient.com/resources/safety-data-sheets?page=6893
PC AURORA PINK 15-2217
PC BRIGHT WHITE CMPD
UPLC0659 LB SPORT VICTORY LIGHT BLUE
https://www.avient.com/resources/safety-data-sheets?page=5056
PC/ABS ORANGE 1505C 2
HC-6815 LIGHT BLUE PMS 277
PC FIRE ALARM RED CMPD
https://www.avient.com/sites/default/files/resources/PolyOne%2520Investor%2520Presentation%2520Longbow%2520Basic%2520Materials%2520Conference%2520-%2520March%25202016.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.
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
Our ability to realize anticipated savings and operational benefits from the realignment of assets, including the closure of manufacturing facilities;
The timing of closings and shifts of production to new facilities related to asset realignments and any unforeseen loss of customers and/or disruptions of
service or quality caused by such closings and/or production shifts;
Separation and severance amounts that differ from original estimates;
Amounts for non-cash charges related to asset write-offs and accelerated depreciation realignments of property, plant and equipment, that differ from
original estimates;
Our ability to identify and evaluate acquisition targets and consummate acquisitions;
The ability to successfully integrate acquired companies into our operations, retain the management teams of acquired companies, retain relationships
with customers of acquired companies, and achieve the expected results of such acquisitions, including whether such businesses will be accretive to our
earnings;
Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and
cost of credit in the future;
The financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate
liquidity) to maintain their credit availability;
The speed and extent of an economic recovery, including the recovery of the housing market;
Our ability to achieve new business gains;
The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
Changes in polymer consumption growth rates and laws and regulations regarding the disposal of plastic in jurisdictions where we conduct business;
Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online;
Fluctuations in raw material prices, quality and supply and in energy prices and supply; production outages or material costs associated with scheduled
or unscheduled maintenance programs;
Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
An inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital
reductions, cost reductions and employee productivity goals;
An inability to raise or sustain prices for products or services;
An inability to maintain appropriate relations with unions and employees;
Our ability to continue to pay cash dividends;
The amount and timing of repurchases of our common shares, if any; and
Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and
changes in the rate of inflation
PolyOne Corporation Page 4
PolyOne Commodity to Specialty Transformation
• Volume driven,
commodity producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2015 2016 and beyond
• 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
• Substantial EPS growth
from $0.13 to all-time
high of $1.96
• Shift to faster growing,
high margin, less
cyclical end markets
• Key acquisitions propel
current and future
growth, as well as
margin expansion
• Specialty mix expands
to 65% of Operating
Income – strongest mix
of earnings in history
• Deliver consistent
double digit annual
EPS growth
• Maintain >35% vitality
index
• Pursue strategic
acquisitions that
expand specialty
offerings and
geographic breadth
• Invest and grow
current and next
generation talent
PolyOne Corporation Page 5
25 Consecutive Quarters of EPS Growth
Note: 2009 has not been restated for subsequent changes in accounting principles or discontinued operations
-$0.10
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
2009 2010 2011 2012 2013 2014 2015
Adjusted Earnings Per Share
-2%
0%
2%
4%
6%
8%
10%
12%
2009 2010 2011 2012 2013 2014 2015
Adjusted Consolidated Operating Margin
2.8%
5.2% 5.6%
6.7%
8.3%
6.9%
9.5%
PolyOne Corporation Page 6
2015 Revenues: $3.4 Billion
End Markets
2015 Revenues: $3.4 Billion
PolyOne
At A Glance
$0.12
$0.27 $0.21
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Adjusted EPS
United States
66%
Europe
13%
Canada
7%
Asia
7%
Latin America
7%
Appliances
4%
Building &
Construction
12%
Consumer
10%Electrical &
Electronics
5%
Healthcare
11%
Industrial
14%
Packaging
13%
Textiles
2%
Transportation
20%
Wire & Cable
9%
Distribution
29%
PP&S
20%
Specialty
51%
$1.96
PolyOne Corporation Page 7
Old
PolyOne
*Operating Income excludes corporate charges and special items
2%
43%
65%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2020
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
80%+
Specialty OI $5M $87M $229M
Mix Shift Highlights Specialty Transformation
Transformation
2020
Platinum
Vision
Platinum
Vision
PolyOne Corporation Page 8
Color and Engineered Materials at the
Heart of Specialty Transformation
OPERATING MARGIN
1.7%
4.6% 5.1%
5.5%
7.2%
8.1%
9.7%
12.2%
14.7%
16.7%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2020
Platinum
Vision
COLOR, ADDITIVES
AND INKS
1.1% 1.3%
3.4%
5.1%
9.6%
8.0%
8.6%
9.3%
12.1%
14.7%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2020
Platinum
Vision
SPECIALTY
ENGINEERED MATERIALS
PolyOne Corporation Page 9
2006 2015 2020
“Where we were” “Where we are” Platinum Vision
1) Operating Income %
Specialty:
Color, Additives & Inks 1.7% 16.7% 20%+
Specialty Engineered Materials 1.1% 14.7% 20%+
Designed Structures & Solutions 1.4% (2012) 3.0% 12 – 14%
Performance Products &
Solutions 5.5% 8.3% 10 – 12%
Distribution 2.6% 6.6% 6.5 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 65% 80%+
3) ROIC* 5.0% 11.8% 15%
4) Adjusted EPS Growth N/A
25 Consecutive
Quarters of YOY
EPS Growth
Double Digit
Expansion
Proof of Performance & 2020 Goals
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
PolyOne Corporation Page 10
Therma-Tech™ & Sheet
GEON™ Vinyl
Polymer Colorants Therma-Tech™
TPE’s & Film
TPE + OnForce™
Gravi-Tech™
Page 10
Film
Target End Markets… Healthcare
PolyOne Corporation Page 11
TPE + OnForce
(SEM)
OnForce
(SEM)
Glasforms
(SEM)
TPE Vibration Dampening
(SEM/GLS)
TPE & Film
(SEM + DSS)
Glasforms
(SEM)
Polymer Colorants
(CAI)
Thermatech
(SEM)
Thermoplastic Elastomers
(SEM)
TPE + OnForce
(SEM)
OnForce
(SEM)
Thermoplastic Elastomers
(SEM)
Glasforms
(SEM)
Polymer Colorants
(CAI)
Sheet
(DSS)
Source: Outdoor Industry Association
Target End Markets… Outdoor High Performance
PolyOne Corporation Page 12
Sound & Vibration
Management
Fuel Handling
Systems
Interior & Exterior Trim
Structural Braces
& Brackets
Interior Structural
Components
Lighting
Air management
Electronics & Cameras
Fluid Handling
Target End Markets… Automotive
Underhood
Components
Roof Systems
PolyOne Corporation Page 13
Target End Markets… Packaging
PreservaPak™
OnColor™
Smart Batch™
VersaFlex™
TPE Cap Liner
ColorMatrix™
Amosorb™
Oxygen Scavenger
ColorMatrix™
Ultimate™ UV
Light Barrier
OnCap™
Laser Marking
Additives
PolyOne Corporation Page 14
Innovation Drives Earnings Growth
*Specialty Platform revenue from products introduced in last five years
$20
$53
2006 2015
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14%
28%
2006 2015
Specialty Platform
Gross Margin
12%
43%
2006 2015
Target ≥ 35%
Innovation Pipeline Potential
PolyOne Corporation Page 15
2,883
2,414
2006 2015
Volume
(lbs in millions)
-16%
$103
$192
2006 2015
Commercial, R&D
and Marketing
Spending ($M)
+86%
$303
$721
2006 2015
Adjusted
Gross Margin ($M)
+138%
Investing to Drive Growth
Ours Is Not a Cost Cutting Story
PolyOne Corporation Page 16
Design and Service as a Differentiator
Right Material &
Color
Desired
Product Design
Appropriate
Manufacturing Process
Delivering Concept to
Commercialization
Connecting
the Dots with
iQ Design Labs and
InVisiO Color Design
PolyOne Corporation Page 17
Customer First Through World-Class Service
Strengthening relationships through:
Providing LSS services to small/medium sized customers
Providing training in Customer Centric Selling Skills with customers
World’s Best Business
Process Excellence
Program in 2012*
World’s Best Start-up
program for Lean Six Sigma
Deployment in 2009*
81%
93%
2006 2015
16.2%
9.7%
2006 2015
On-Time Delivery
Working Capital % of Sales
52% of associates trained in LSS
Five consecutive years – CFO Magazine Best Working
Capital Management in the chemical industry
Commitment to Operational Excellence
PolyOne Corporation Page 18
60%
97%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 Q4 2015
Pension Funding**
As of December 31, 2015
Debt Maturities & Pension Funding
Net Debt / Adjusted EBITDA*= 2.1x
** includes US-qualified pension plans only *TTM 12/31/2015
$550
$600
$200
$300
$400
$500
$600
$700
$800
2022 2023
Debt Maturities
As of December 31, 2015
($ millions)
Coupon Rate: 3.750% 5.250%
PolyOne Corporation Page 19
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales,
marketing, and
technical capabilities
Investing in operational
and LSS initiatives
~75% of capital
expenditures fund
growth initiatives Organic
Growth
Acquisitions
Share
Repurchases
Dividends
$0.16
$0.20
$0.32
$0.40
$0.48
$0.10
$0.20
$0.30
$0.40
$0.50
2011 2012 2013 2014 2015 2016
Annual Dividend
Targets that expand
our:
• Specialty offerings
• End market
presence
• Geographic breadth
Synergy opportunities
Adjacent material
solutions
Repurchased nearly
1.0 million shares in
Q4 2015
Repurchased 15.8
million shares since
early 2013
4.2 million shares are
available for
repurchase under the
current authorization
$0.24
PolyOne Corporation Page 20
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2024-08/OnForce LFT - Street Light Arm - Case Study Snapshot.pdf
LIGHTING
MANUFACTURER
S T R E E T L I G H T A R M
• Limit corrosion
• Replace metal insert, maintaining strength
• Black color
• UV resistance, as used for an outdoor application
• Electrical isolation
• Utilized simulation services from Avient Design to
optimize the product’s design for performance
and processability
• Achieved required ageing test with the support
from R&D and ADTS
• Replaced the need to use a metal insert, reducing
part weight, cost and simplifying the production
process
OnForce Long Glass Fiber Reinforced
Polypropylene Composites
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
STRENGTH + UV RESISTANCE
LEARN MORE
© 2024 Avient Corporation, All Rights Reserved
https://www.avient.com/products/long-fiber-technology/long-fiber-technologies/onforce-long-glass-fiber-reinforced-polypropylene-composites
Lighting manufacturer
https://www.avient.com/sites/default/files/2021-10/gravi-tech-luxury-spirit-cap.pdf
LUXURY CLOSURE
MANUFACTURER
L U X U R Y S P I R I T C A P
• Specific gravity of 2.2
• White color for metallic surface treatment
• Touch and feel of ceramic
• FDA compliant material
• Formulated a custom, ABS-based material
suitable for electroplating to achieve desired
weight, look, and feel of metal
• Combined material, electroplating, and
application experience and expertise to
support the process from concept to
production
Gravi-Tech™ Density Modified Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2024-02/CCG Mini Case Study_ 3D Dental Scanner_0.pdf
DENTAL TOOL OEM
3 D D E N T A L S C A N N E R
• Achieve accurate color match to non-polysulfone (PSU)
components
• Must be compatible with hospital disinfectants and survive
repeated steam sterilization
• Developed precise color match to other resins
used in adjacent parts, maintaining accurate
brand identification
• Provided expertise in pigments and critical
color manufacturing for high performance
resins
• Customized a high-performance solution able
to withstand steam sterilization in an autoclave
Transcend™ Precolored Gray and Precolored
White PSU
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-03/Application Snapshot Intraoral Scanner.pdf
SURGICAL
INSTRUMENT OEM
I N T R A O R A L S C A N N E R
• Chemical and impact resistance
• Customized pre-colored solutions
• Color and dimension stable after sterilization
• Minimum color deviation and easy to process
• Technical support and color expertise
• Offered bright white and customized pre-
colored formulations in PPSU and PSU for
intraoral scanner head and body parts
• Provided a solution that can withstand up to
1,000 cycles autoclave, with good chemical
and excellent impact resistance
• Met customer request for color stability after
processing and biocompatible compliance
Transcend™ Premier Healthcare Colorants
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-10/Stat-Tech TPE - Powertool Handle - Case Study Snapshot_0.pdf
TOOL
MANUFACTURER
T O O L H A N D L E S
• Electrical resistivity of 100 MΩ, ESD
• Hardness of 90 Shore A or higher
• Suitable for OM onto PP
• White color
• Provided a solution with permanent
antistatic properties and excellent tear
resistance, enhancing durability
• Met required hardness range, giving handle
excellent grip
• Simplified manufacturing process with
excellent adherence directly onto PP
substrate
Stat-Tech™ Thermoplastic Elastomer
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-04/Asia SEM Healthcare Product Selection Guide_CN.pdf
Versaflex™ OM3060
PP包覆成型 硬度 法规 灭菌 特性
28A 环氧乙烷 柔软的半透明材料,粘性好
43A 环氧乙烷 高度可着色的解决方案,粘性好,不易压缩变形
42A/ 50A 环氧乙烷 透明的耐高温级材料;ABS、PC可粘合
60A 环氧乙烷/蒸汽 弹性高,不易压缩变形
20A-90A 环氧乙烷 用途广泛,无填充
ABS,PC包覆成型 硬度 法规 灭菌 特性
40A USP VI级,ISO 10993 环氧乙烷 半透明
60A USP VI级,ISO 10993 环氧乙烷 透明
应用:
VERSAFLEX™ CL与DYNAFLEX™
热塑性弹性体
包覆成型,符合人体
工程学设计
•
•
•
•
•
•
触感柔软,有利于形成良好的表面
有多种颜色效果和纹理可供选择
提高抓握力、缓冲力和舒适度
提高性能表现,如密封性能、减震、隔氧、
耐刮擦和耐磨性能
降低装配成本,加工性能良好
可牢固包覆于各种基材上
•
•
•
•
血糖仪
医用工具包覆成型
注射笔
分析仪器
Dynaflex™ G2706
Dynaflex™ G2711
Versaflex™
CL2242 & CL2250
Versaflex™ G2705 N
Versaflex™ HC3810
Versaflex™ OM1040
USP VI级,ISO 10993,
食品接触
USP VI级,ISO 10993,
US食品接触
USP VI级,ISO 10993,
食品接触
USP VI级,ISO 10993
USP VI级,ISO 10993,
食品接触
材料描述 硬度 法规 灭菌 特性
45A USP VI级
55A USP VI级
70A USP VI级
43A 环氧乙烷
34A
USP VI级,
ISO 10993-4/5
FDA,USP VI级,
ISO 10993
57A
挤出级,耐高温
再密封,压缩变形性能提高
摩擦低
Versalloy™ HC 9210-55N
Versalloy™ HC 9210-70N
Versalloy™ HC 9220-43N
Versaflex™ HC 2110-35N
Versaflex™ HC 2110-57B FDA,USP VI级,ISO 10993
环氧乙烷 加工性能良好,表面光洁、美观
环氧乙烷
环氧乙烷
加工性能良好,表面光洁、美观
加工性能良好,表面光洁、美观
高压灭菌、环氧乙烷、
辐射灭菌
高压灭菌、环氧乙烷、
辐射灭菌
应用:
VERSALLOY™ HC与VERSAFLEX™ HC
热塑性弹性体
密封和再密封
•
•
•
•
•
柔软的橡胶质感
无抽芯,静态推塞被刺穿后再密封性良好
满足动态密封的低摩擦系数要求
可萃取物含量低
适合在聚烯烃上包覆成型
•
•
•
密封和密封隔膜
密封件和卫生垫圈
注射器推塞和塞头
Versalloy™ HC 9210-45N
材料描述 硬度 法规 灭菌 特性
65A/ 75A/ 84A
54A
67A
辐射灭菌
高压灭菌器
透明度高,不含增塑剂,无油
工作温度高,可高温灭菌
环氧乙烷、辐射灭菌
Versaflex™ HC MT555
Versaflex™ HC BT218
应用:
VERSAFLEX™ CL与DYNAFLEX™
热塑性弹性体
高透明度级,不含增塑剂
•
•
•
•
•
•
•
无色透明级,配方不含邻苯二甲酸酯增塑剂
符合医疗法规USP VI级和ISO 10993-4、5的
要求
食品接触用并符合FDA标准
可高压灭菌和辐射灭菌
可萃取物含量低
透明度高(雾度50 4.1, 100 4.5, 100 4, 70 6, 70
拉伸模量(MPa) 2200 2700 2600 2350 1820 1820
挠曲强度(MPa) 80 90 104 86 68 68
挠曲模量(MPa) 2500 2700 2500 2300 1980 1590
HDT:0.45、1.8(MPa) 110, 80 90, 80 100, 89 123, 100 123, 64 100, 70
UL-94等级,3.0mm 5VA V-0 5VA V-0 HB V-0
UL-94等级,1.5mm V-0 V-0 5VB V-0 HB V-0
UL-94等级,0.75mm V-1 V-2 V-0 无 无 V-2
竞争材料对比
医疗保健特种工程聚合物配方
TRILLIANT™ HC热塑性塑料
Trilliant™ HC高性能热塑性弹性体系列配方是专为应对日趋严苛的医疗器械和设备而开发的。
TRILLIANT™
HC8920
TRILLIANT™
HC2020
Trilliant™ HC2020
材料描述 基料
共聚酯
Trilliant™ HC8910/8920 聚酮/ABS共混物
Trilliant™ HC2120 Tritan
Trilliant™ HC3120 PC
Trilliant™ HC5210 PP
Trilliant™ HC6010 PA6
Trilliant™ HC6610 PA66
Trilliant™ GRV-NP-110-W PA12
应用:
TRILLIANT™ HC热塑性塑料
•
•
•
•
•
作为FR PC/ABS、FR PC/PET和FR COPE的
耐化学性替代品,在各种颜色的应用中,其
阻燃等级在1.5mm和0.75mm厚度下分别可
达到UL 94黄卡V-0级和V-1级。
在对普通消毒剂的耐受性方面优于PC/ABS、
PC/PET和COPE
暴露在普通医院消毒剂下72小时后仍能保持
抗拉强度,相较于PC混合物和COPE,具有
更出色的长期耐化学性
具有良好的抗冲击性和耐热性
有自然色等级、标准医用颜色或定制预着色
产品可供选择
•
•
•
•
医疗设备外壳
核磁共振成像、X射线、CT扫描仪部件
手术器械,如吻合器、解剖器、剪刀等
自动注射笔
测试项 比重
熔体流动指数
(230OC,
2.16KG)
抗拉强度 挠曲强度 挠曲模量 冲击强度缺口,IZOD 测试项
方法 ASTM D-792 ASTM D-1238 ASTM D-638 ASTM D-790 ASTM D-790 ASTM D-256 ASTM D-257
单位 -- g/10min MPa MPa MPa J/m Ohms/sq.
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-may-2021-w-non-gaap-recs.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. .
As one, we are better positioned than ever before to lead and to make a positive
difference.
D
is
t.
)
K
W
R
R
P
M
P
P
G
A
V
Y
F
U
L
G
C
P
IF
F
H
X
L
F
M
C
F
O
E
H
U
N
E
C
L
K
R
A
E
M
N
A
S
H
C
E
S
C
L
G
R
A
A
L
B
Median: 5%Median: 3%
Source: Peer data per Bloomberg market data as of April 27, 2021
Avient reflects 2021 estimated revenue of $4,300M and excludes one-time synergy capture CAPEX ($20M)
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
Free Cash Flow Conversion (1)
2021E (%)
Being asset light helps us to generate
strong free cash flow that is in line
with specialty formulators.