https://www.avient.com/sites/default/files/2024-10/2024 AVNT Q3 Webcast Slides w appendix and non-GAAP.pdf
Microsoft PowerPoint - AVNT Q3 2024 Earnings Presentation_10.29_12PM
AVIENT CORPORATION
T H I R D Q U A R T E R 2 0 2 4 R E S U L T S A N D 2 0 2 4
F I N A N C I A L G U I D A N C E
(NYSE: AVNT)
O C T O B E R 3 1 , 2 0 2 4
DISCLAIMER
Forward-Looking Statements
Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
FX +8.5%
FX -0.4%
Total Avient +8.1%
Note: Regional Sales Percentages exclude impact of foreign exchange
COLOR, ADDITIVES & INKS SEGMENT
$487
$522
$89
$97
(in millions) (in millions)
7
+ 7%
(+8% excluding FX)
+ 9%
(+11% excluding FX)
18.3%
+40 bps *18.7%
*
* Adjusted EBITDA Margin %
• Sales growth driven by winning
new product specifications in
consumer & packaging, strong
underlying demand in healthcare
and improving demand in building
& construction
• Favorable mix and raw material
deflation contributed to EBITDA
margin expansion
SPECIALTY ENGINEERED MATERIALS SEGMENT
$268
$295
$51
$57
(in millions) (in millions)
8
• Sales growth driven by restocking
in healthcare & consumer end
markets and strong underlying
demand for composite
applications used in building &
construction, energy and defense
end markets
• Favorable mix contributed to
EBITDA margin expansion
+ 10%
(+10% excluding FX)
+ 12%
(+13% excluding FX)
19.0%
+40 bps *19.4%
*
* Adjusted EBITDA Margin %
2024 G U IDA N CE
FY 2024 GUIDANCE
Previous (Aug 6) Current
Adjusted EPS $2.55 to $2.70 $2.63 to $2.67
Adjusted EBITDA $515 to $540 million $525 to $530 million
Interest Expense $105 million $104 million
Adjusted Effective Tax Rate 23% to 25% 23% to 25%
Capital Expenditures &
Investment in S/4 Hana
~$140 million ~$140 million
10
11
• Investor Day to be held December 4, 2024 at
the NYSE, beginning at 10AM
• The focus will be to do a deep dive on the
Company’s strategy
• Registration and microsite will be available in
early November
2024 AVIENT INVESTOR DAY
AP P EN D IX
18
Performance
Additives
15%
Pigments
TiO2
Dyestuffs
Polyethylene
10%Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
38%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
41%
36%
2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
23%Industrial
Building and
7%
END MARKET REVENUE
$2,007M $358M
$1,138M $224M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$502M$3,143M
(1)
7%
20
(1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs
2023 REVENUE | $2 .0 B ILL ION
34%
37%
21%
END MARKET REGION
21
34%
21%
15%
Building &
1% Energy
COLOR, ADDITIVES & INKS
2023 REVENUE | $1 .1 B ILL ION
52%
35%
22
6%Industrial
12%
10% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
26%
Building &
6%
2% Defense
1%
(18% of sales)
2023 AVIENT REGIONAL SALES
25%
Building &
(36% of sales)Transportation
22%
Building &
12%
6%
US &
Canada
(41% of sales)
59%
22%
Building &
LATAM
(5% of sales)
23
BY END MARKET
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
A reconciliation of these measures to their most directly comparable GAAP measures is provided in the tables below.
2024 2023
Reconciliation to Condensed Consolidated Statements of Income $ EPS(1) $ EPS(1)
Net income from continuing operations attributable to Avient shareholders $ 38.2 $ 0.41 $ 5.1 $ 0.06
Special items, after-tax 6.6 0.07 32.0 0.35
Amortization expense, after-tax 15.0 0.16 15.2 0.16
Adjusted net income / EPS $ 59.8 $ 0.65 $ 52.3 $ 0.57
(1) Per share amounts may not recalculate from figures presented herein due to rounding
Three Months Ended
Reconciliation to EBITDA and Adjusted EBITDA: 2024 2023
Net income from continuing operations – GAAP $ 38.7 $ 5.1
Income tax expense (benefit) 11.3 (0.1)
Interest expense, net 26.9 30.3
Depreciation & amortization 45.1 46.4
EBITDA from continuing operations $ 122.0 $ 81.7
Special items, before tax 9.7 43.2
Interest expense included in special items (1.3) (2.2)
Depreciation & amortization included in special items (0.4) —
Adjusted EBITDA $ 130.0 $ 122.7
Adjusted EBITDA as a percent of sales 15.9 % 16.3 %
1
2024 2023
Sales:
Color, Additives and Inks $ 521.5 $ 486.5
Specialty Engineered Materials 294.6 267.9
Corporate (0.9) (0.7)
Sales $ 815.2 $ 753.7
Operating income:
Color, Additives and Inks $ 75.5 $ 64.5
Specialty Engineered Materials 36.4 30.3
Corporate (34.7) (60.5)
Operating income $ 77.2 $ 34.3
Depreciation & amortization:
Color, Additives and Inks $ 21.9 $ 24.6
Specialty Engineered Materials 20.7 20.5
Corporate 2.5 1.3
Depreciation & amortization $ 45.1 $ 46.4
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 97.4 $ 89.1
Specialty Engineered Materials 57.1 50.8
Corporate (32.2) (59.2)
Other (expense) income, net (0.3) 1.0
EBITDA from continuing operations $ 122.0 $ 81.7
Special items, before tax 9.7 43.2
Interest expense included in special items (1.3) (2.2)
Depreciation & amortization included in special items (0.4) —
Adjusted EBITDA $ 130.0 $ 122.7
Adjusted EBITDA as a percent of sales:
Color, Additives and Inks 18.7 % 18.3 %
Specialty Engineered Materials 19.4 % 19.0 %
2
Year Ended
December 31, 2023
Operating income:
Color, Additives and Inks $ 259.9
Specialty Engineered Materials 142.5
Corporate (205.6)
Operating income $ 196.8
Depreciation & amortization:
Color, Additives and Inks $ 98.3
Specialty Engineered Materials 81.5
Corporate 9.0
Depreciation & amortization $ 188.8
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 358.2
Specialty Engineered Materials 224.0
Corporate (196.6)
Other income, net 5.8
EBITDA from continuing operations 391.4
Special items, before tax 114.6
Interest expense included in special items (2.3)
Depreciation & amortization included in special items (1.9)
Adjusted EBITDA $ 501.8
3
Avient Q3 Earnings Webcast Slides w_Appendix and Non-GAAP.pdf
2024 AVNT Q3 Webcast Slides w non-GAAP.pdf
Q3 Avient Webcast Slides with Non-GAAP Recs.pdf
Appendix Slides for webcast.pdf
IR Deck - AVNT-2024.09.30 - 10.30.24 3PM (002).pdf
Attachment
https://www.avient.com/sites/default/files/2023-11/SEM TPE Product Selector Guide _N. America only_2023.pdf
THERMOPLASTIC
ELASTOMERS
North America Portfolio
PRODUCT SELECTION GUIDE
Appearance Hardness Specific
Food
Contact UL 94 Suitable
ASTM
(Shore)
ASTM
reSound™ REC Recycled Content Series
VX2800-9003 C Natural 47A 0.94 - - PP ✔ -
25% post-consumer recycled (PCR) content
(PVB from windshields and laminated glass);
1.77 cradle-to-gate product carbon footprint (PCF)
VX2800-9004 C Natural 54A 0.95 - - PP ✔ - 25% PCR content (PVB from windshields
and laminated glass)
VX2800-0001 I Black 65A 0.89 - - PP ✔ - 25% post-industrial recycled (PIR) content
VX2800-0001 I Natural 65A 0.89 - - PP ✔ - 25% PIR content
VX2800-0001 C Black 65A 0.89 - - PP ✔ - 25% PCR content (ocean plastics)
VX2800-0002 I Black 65A 0.88 - - PP ✔ - 40% PIR content
VX2800-0003 C Gray 65A 0.88 ✔ - PP ✔ - 25% PCR/PIR content (food packaging)
with application specific FDA rating
VX0100-0001 AR I Black 79A 1.05 - - PC, ABS, PC/ABS ✔ - 30% PIR content
reSound™ BIO Bio-based Series
RS7900-0001 30N Natural 31A 1.00 - - PP ✔ - 35% bio-derived content (Gen 1 biomass)
RS7900-0001 45N Natural 48A 1.11 - - PP ✔ - 35% bio-derived content (Gen 1 biomass)
RS7900-0001 60N Natural 59A 1.11 - - PP ✔ - 35% bio-derived content (Gen 1 biomass)
RS7900-0001 70N Natural 69A 1.09 - - PP ✔ - 35% bio-derived content (Gen 1 biomass)
RS2800-0001 30N Natural 33A 0.85 - - PP ✔ - 50–60% bio-derived content (Gen 1 biomass)
RS2800-0001 45N Natural 49A 0.85 - - PP ✔ - 50–60% bio-derived content (Gen 1 biomass)
RS2800-0001 60N Natural 63A 0.87 - - PP ✔ - 50–60% bio-derived content (Gen 1 biomass)
RS2800-0001 70N Natural 71A 0.86 - - PP ✔ - 50–60% bio-derived content (Gen 1 biomass)
reSound™ Ultra-Low Carbon Footprint Series
RS0200-9001 80 Natural 80A 0.87 - - PP, LDPE ✔ - -0.40 cradle-to-gate PCF
RS0200-9001 60 Natural 60A 0.86 - - PP, LDPE ✔ - -0.03 cradle-to-gate PCF
Avient’s specialty thermoplastic elastomers (TPEs)
are formulated to meet countless performance,
application and aesthetic demands.
Appearance Hardness Specific
Food
Contact UL 94 Suitable
ASTM
Shore
ASTM
(D792)
Consumer Electronics Series
Versaflex™ CE 3120-40 Natural 42A 0.92 - - PC, ABS, PC/ABS,
COPE ✔ - Good compression set—ideal for
device cases or electronic grips
Versaflex™ CE 3120-65 Natural 66A 1.15 - HB PC, ABS, PC/ABS,
COPE ✔ - Chemical and abrasion resistant; 4.69 cradle-to-gate
PCF—ideal for device cases or electronic grips
Versaflex™ CE 3140-65N Natural 65A 1.00 - - PC, ABS, PC/ABS,
COPE ✔ - 5G transparent materials—ideal for
device cases or gaskets
Versaflex™ CE 3140-90N Natural 90A 1.01 - - PC, ABS, PC/ABS,
COPE ✔ - 5G transparent materials—ideal for
device cases or gaskets
Versaflex™ CE 3620 Black/
Natural 65A 1.00 - HB PC, ABS, PC/ABS,
COPE ✔ - Chemical and abrasion resistant, hydrolitically
stable—ideal for electronic grips/gaskets or wearables
Engineering Resin Overmolds
Versaflex™ OM 1060X-1 Natural 60A 0.93 ✔ - PC, ABS, PC/ABS ✔ - Versatile OM resin—ideal for grips/gaskets
Versaflex™ OM 9-801N Natural 47A 1.04 ✔ HB
PC, ABS, PC/ABS,
PPO, POM, COPE,
PMMA, HIPS
✔ - Soft touch/rubber feel—ideal for grips/gaskets
Versaflex™ OM 9-802CL Clear 40A 0.92 ✔ - PC, ABS, PC/ABS,
COPE ✔ - Soft touch/rubber feel—ideal for grips/gaskets
Versaflex™ OM 6059-9 Black 58A 1.10 - HB PA 6 and 6,6 ✔ - Superior adhesion—ideal for grips,
Versaflex™ OM 6160-1 Black/
Natural 60A 1.11 ✔ HB PA 6 and 6,6 ✔
Superior adhesion—ideal for grips,
Versaflex™ OM 6240-1 Natural 43A 1.09 - - PA 6 and 6,6 ✔ - Superior adhesion — ideal for grips,
Versaflex™ OM 6258-1 Natural 62A 1.09 - - PA 6 and 6,6 ✔ - Superior adhesion—ideal for grips,
Versaflex™ OM 6258-9 Black 62A 1.09 - HB PA 6 and 6,6 ✔ - Superior adhesion—ideal for grips,
Versaflex™ OM 6275-9 Black 75A 1.10 - - PA 6 and 6,6 ✔ - Superior adhesion—ideal for grips,
Versollan™ OM1255NX Black 59A 1.05 - HB PC, ABS, PC/ABS,
PC/PBT, COPE ✔ - Superior adhesion—ideal for power tool grips
Versollan™ RU 2205-1 Natural 65A 1.16 - HB PC, ABS, PC/ABS,
COPE ✔ ✔ High performance, rubber feel
Appearance Hardness Specific
Food
Contact UL 94 Suitable
ASTM
Shore
ASTM
(D792)
Special Series
Versaflex™ VDT 4202-40B Black 40A 1.00 - - PP ✔ ✔
Vibration dispersion—ideal for washer/dryer
feet or shin guards
Versaflex™ G2800-17 Pink 18 OO 0.85 - - - ✔ - Skin-like feel—ideal for adult toys
Versaflex™ SP 2820-55N Natural 55A 0.91 ✔ - - ✔ ✔ Superior puncture and tear resistance—ideal for dog toys
Versaflex™ XP 2850 Natural 55A 0.88 ✔ - - ✔ ✔ Wet grip—ideal for water sports or grips
Versaflex™ GP 2810-40N AM US Translucent 45A 0.87 ✔ - - ✔ - Antimicrobial
Versaflex™ CE 3120-65 AM Natural 67A 1.15 - - PC, ABS, PC/ABS,
COPE ✔ - Antimicrobial for consumer electronics
Versalloy™ XL 9045-1 Natural 44A 0.88 ✔ - - ✔ - Excellent flow for long, thin flow paths—
Versalloy™ XL 9055-1 Natural 53A 0.89 ✔ - PP ✔ - Excellent flow for long, thin flow paths—
Versalloy™ XL 9055X-9 Black 53A 0.89 ✔ HB PP ✔ - Excellent flow for long, thin flow paths—
Versalloy™ XL 9070-1 Natural 70A 0.89 ✔ - PP ✔ - Excellent flow for long, thin flow paths—
Versalloy™ XL 9070X-9 Black 70A 0.89 ✔ HB PP ✔ - Excellent flow for long, thin flow paths;
2.54 cradle-to-gate PCF—ideal for grips or thin wall parts
Dynaflex™ G7702-9001-02 Black 37A 1.10 - - PP ✔ ✔ High temperature performance—ideal for seals and gaskets
Dynalloy™ DT 7910W White 45A 0.93 ✔ - - ✔ ✔ Low compression—ideal for dairy tubing
Versaflex™ CL 2000X Clear 3A 0.87 ✔ - - ✔ ✔ Ultra soft
Versaflex™ CL 2003X Clear 33 OO 0.87 ✔ - - ✔ ✔ Gel feel
Versaflex™ CL30 Clear 30A 0.89 ✔ - PP ✔ ✔ High clarity, high tackiness
Versaflex™ CL40 Clear 43A 0.89 ✔ HB - ✔ ✔ High clarity, high tackiness
General Purpose Series
Versaflex™ GP 2810 Translucent 20A–60A 0.88 ✔ - - ✔ ✔ Unfilled
Versaflex™ GP 2810 Translucent 70A–90A 0.89 ✔ HB - ✔ ✔ Unfilled
Dynaflex™ G7920 Natural/Black 20A 1.01 ✔ - PP ✔ ✔ Filled
Dynaflex™ G7900 Natural/Black 30A–90A 1.05–1.20 ✔ HB PP ✔ ✔ Filled
Appearance Hardness Specific
Compression Set
@ 23°C
Compression Set
@ 100°C
Food
Contact
ISO
10993 USP VI UL 94 Suitable
ASTM
Shore A
(D792) ASTM % ASTM %
Tubing
Versaflex™ G2705 N Translucent 60 0.89 20 - ✔ ✔ ✔ ✔ PP ✔ ✔
High resiliance, low compression set, and good puncture
sealing–ideal for medical and biopharma tubing
Versaflex™ HC BT218 Translucent 67 0.89 19 69 - ✔ ✔ ✔ - - ✔ Weldable and kink resistant—ideal for biopharma tubing
Versalfex™ HC BIO BT218 Translucent 70 0.88 18 58 - ✔ ✔ - - - ✔
Weldable and kink resistant; 40% bio-derived content
(Gen 1 biomass)—ideal for biopharma tubing
Versaflex™ HC MT317 Translucent 68 0.89 17 69 - ✔ ✔ ✔ - - ✔
Flexible and kink resistant, high service temperature
—ideal for medical and biopharma tubing
Versalloy™ HC 9220-70 Natural 70 0.95 17 51 - ✔ ✔ - PP ✔ ✔
High temperature resistance—ideal for
peristaltic pump tubing
Syringe Components
Versaflex™ HC 2110-35N Natural 35 0.89 19 47 - ✔ ✔ - LDPE, PP ✔ - Good puncture sealing and elevated temperature
performance—ideal for septums
Versaflex™ HC 2110-57B Black 57 1.01 20 37 - ✔ ✔ - - ✔ - Low coefficient of friction and elevated temperature
performance—ideal for plungers and stoppers
Engineering Resin Overmolds
Versaflex™ OM 1040X-1 Translucent 42 0.92 22 - ✔ ✔ ✔ - PC, ABS, PC/ABS ✔ - Good compression set at room temperature—
ideal for seals and grips
Versaflex™ OM 3060-1 Clear 59 0.90 33 - ✔ ✔ ✔ HB PC, ABS, PC/ABS,
PC/PETG, PC/PBT ✔ - Good compression set at room temperature
and UV stability—ideal for seals and grips
Versaflex™ OM 8940X-1 Clear 40 0.92 20 - ✔ ✔ - - PK, COPE, PC, ABS,
PC/ABS ✔ - Excellent chemical resistance to alcohols and
disenfectants—ideal for grips on medical devices
Versaflex™ OM 4052 Translucent 56 1.01 27 - ✔ - - - PC, ABS, PC/ABS ✔ -
Excellent chemical resistance to skin oils,
like sebum, and hand lotion—ideal for
consumer healthcare applications
Versaflex™ OM 4063 Translucent 64 1.12 30 - ✔ - - PC, ABS, PC/ABS ✔ -
Excellent chemical resistance to skin oils,
like sebum, and hand lotion—ideal for
consumer healthcare applications
General Purpose Applications
Versaflex™ CL E85 Clear 85 0.90 20 72 ✔ ✔ ✔ - - - ✔ High clarity without plasticizers—ideal for extrusion
Versaflex™ HC 3810 Series Translucent 20–90 0.88 16 54 - ✔ - - - ✔ - Formulated without animal derivatives,
excellent colorability—ideal for seals and labware
Versaflex™ G2705 N Translucent 60 0.89 20 - ✔ ✔ ✔ - PP ✔ ✔
High resiliance, low compression set,
and good puncture sealing
Versalloy™ HC 9220-70 Natural 70 0.95 17 51 - ✔ - - PP ✔ ✔ High temperature resistance
Versalloy™ HC 9210 Series Natural 55 & 70 0.89 20 44 - - ✔ - - ✔ -
Formulated without animal derivatives—
ideal for injection molding long thin flow paths,
smooth surface aesthetics
Versaflex™ CL2242 Clear 43 0.89 23 - ✔ ✔ ✔ - - ✔ - High clarity maintained after boiling cleaning processes
Versaflex™ CL2250 Clear 50 0.89 20 - ✔ ✔ ✔ - - ✔ - High clarity maintained after boiling cleaning processes
FEATURED TPES FOR HEALTHCARE APPLICATIONS
H
EALTH
CARE
GENERAL PROPERTIES REGULATORY BONDING PROCESS FEATURES
Appearance Hardness Specific
Gravity Weatherability* VOC FOG Odor** UL 94 Suitable
ASTM
Shore A
Internal QUV
1000hrs (Delta E)
VDA 278
μg/g (ppm)
VDA 278
μg/g (ppm)
Recycled Content Series
reSound™ REC OF 7310-80 Black/
Natural (Gray) 80 0.90 0.35 75 379 3 (VDA 270) - PP ✔
35% PCR/PIR content (food packaging)—
ideal for automotive interior applications
reSound™ REC OF 7310-90 Black/
Natural (Gray) 90 0.91 0.11 160 557 3 (VDA 270) - PP ✔
45% PCR/PIR content (food packaging)—
ideal for automotive interior applications
General Purpose Series
OnFlex™ G7705 B Black 42 1.20 - - - - - PP ✔ ✔ Easy processing for a wide variety of applications
OnFlex™ G7705 N Natural 44 1.18 - - - - - PP ✔ ✔ Easy processing for a wide variety of applications
OnFlex™ G7720 B Black 57 1.16 0.55 - - - HB PP ✔ ✔ Easy processing for a wide variety of applications
OnFlex™ G7720 N Natural 55 1.17 3.72 - - - HB PP ✔ ✔ Easy processing for a wide variety of applications
OnFlex™ G7820 N Natural 92 1.14 - - - - - PP ✔ ✔ Easy processing for a wide variety of applications
Automotive Fasteners & Interior Components
OnFlex™ AF 7210 Series Natural 40–90 1.00 - - - - - PP ✔ - Low odor and good UV resistance
OnFlex™ AF 7210 Black 40 1.00 0.49 113 845 2 (SAE J1351,
OnFlex™ AF 7210 Black 50 1.00 0.42 51 762 2 (SAE J1351,
OnFlex™ AF 7210 Black 60 1.00 0.21 112 1740 1 (SAE J1351,
OnFlex™ AF 7210 Black 70 0.99 0.22 105 1976 3 (SAE J1351,
OnFlex™ AF 7210 Black 80 1.00 0.32 74 4459 3 (SAE J1351,
OnFlex™ AF 7210 Black 90 1.00 - - - - - PP ✔ - Low odor and good UV resistance
HVAC & Interior Components
OnFlex™ LO 7120-45N Natural 45 1.15 3.21 41 521 2 (SAE J1351,
Dry) - PP ✔ - Significant reductions in VOCs and fogging
compared to traditional TPE technologies
GLS™ TPEs with Antimicrobial Technologies
OnFlex™ LO 7120-45B AM Black 45 1.13 0.52 - - - - PP ✔ - Imbedded antimicrobial technology
FEATURED TPES FOR TRANSPORTATION APPLICATIONS
TRANSPO
RTATIO
N * Values were taken on 3mm plaques following 1000hrs of continious exposure to UVA-340
** Samples were conditioned at 23C at 35% RH for 24 hrs.
Testing is on a scale of 1–10 (low-high odor)
1.844.4AVIENT
www.avient.com
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/resources/NEU%2520ISO%25209001-2015%2520Exp%25201-22%2520%25281%2529.pdf
ISO 9001:2015
The Quality Management System is applicable to:
Certificate No: 47804
Certification Date: 07 January 2013
Effective Date: 17 December 2018
Expiration Date: 06 January 2022
Issue Date: 17 December 2018 Alex Weisselberg, President
This certificate may be found on the ABS QE Website (www.abs-qe.com).
https://www.avient.com/sites/default/files/2022-09/54139-Certificate-29AUG2022%5B98%5D.pdf
ISO 13485:2016
The Quality Management System is applicable to:
Certificate No: 54139
Certification Date: 04 September 2019
Effective Date: 29 August 2022
Expiration Date: 01 September 2025
Revision Date: 29 August 2022 Dominic Townsend, President
This certificate may be found on the ABS QE Website (www.abs-qe.com).
https://www.avient.com/sites/default/files/2023-09/65567-Certificate-08SEP2023.pdf
ISO 13485:2016
The Quality Management System is applicable to:
Certificate No: 65567
Effective Date: 08 September 2023
Expiration Date: 07 September 2026
Revision Date: 08 September 2023 Dominic Townsend, President
This certificate may be found on the ABS QE Website (www.abs-qe.com).
https://www.avient.com/sites/default/files/2021-08/versaflex-machine-cover-case-study-one-pager.pdf
RESPIRATORY
DEVICE
MANUFACTURER
C P A P M A C H I N E C O V E R
• Good aesthetics with high COF for grip functionality
• Chemically bondable to FR PC/ABS down to 1mm
• NCS S 9000-N color suitable for UV laser marking to white
• Good scratch and mar resistance
• Good chemical resistance to detergents, alcohols and bleach
• Pass VOCs & out-gassing in accordance to ISO 18562-3/2:2017
• Customized formulation to balance mar
resistance, flow, and laser marking
whiteness and clarity
• Collaborated on tooling improvements to
widen processing window and increase
yield rate
• Provided application development and on-
site technical support to manage short
shot, sink marks, burn marks and air trap
Customized VersaflexTM TPEs
WHY AVIENT?
https://www.avient.com/sites/default/files/resources/Jurong_ISO22000.pdf
Avient Colorants Singapore Pte Ltd
8 Third Chin Bee Road
Jurong Industrial Estate
Singapore 618684
Singapore
Scope
Category I
Production of customer specific Masterbatches
for Food packaging materials on the dedicated
extrusion lines
Normative base
ISO 22000:2018 Food Safety Management Systems
Requirements for any organization in the food chain
Reg. no. 46390 Validity 25. 02. 2021 – 24. 02. 2024
Issue 30. 06. 2021
Swiss Madesqs.ch
F.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Goldman%2520Sachs%2520Conference%2520-%2520November%25202015.pdf
Slide 1
PolyOne Corporation Page 1
PolyOne Investor Presentation
Goldman Sachs 2015 US Emerging/
SMID Cap Growth Conference
November 2015
PolyOne Corporation Page 2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995.
Platform operating income mix percentage 2005* 2008* 2010* 2013 2014 2015 YTD
Global Color, Additives and Inks $ 4.3 $ 28.1 $ 37.7 $104.0 $124.9 $ 107.9
Global Specialty Engineered Materials 0.4 17.6 49.7 57.2 72.4 63.2
Designed Structures and Solutions - - - 33.4 45.1 12.0
Specialty Platform $ 4.7 $ 45.7 $ 87.4 $194.6 $242.4 $ 183.1
Performance Products and Solutions 75.7 31.3 54.0 56.0 63.1 43.9
Distribution 19.5 28.1 42.0 63.3 68.2 52.4
Joint ventures 91.9 28.6 18.9 - - —
Corporate and eliminations (51.5) (425.1) (27.7) (82.4) (218.6) (59.8)
Operating income (loss) GAAP $140.3 $(291.4) $174.6 $231.5 $155.1 $ 219.6
Less: Corporate operating expense 51.5 425.1 27.7 82.4 218.6 59.8
Operating income excluding Corporate $191.8 $133.7 $202.3 $313.9 $373.7 $ 279.4
Specialty platform operating mix percentage 2% 34% 43% 62% 65% 66%
Adjusted EPS is calculated as follows:
Adjusted EPS 2006Y* 2007Y* 2008Y* 2009Y* 2010Y 2011Y 2012Y 2013Y 2014Y
Net income attributable to
PolyOne common
shareholders $ 130.9 $ 40.9 $ (417.0) $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0
Joint venture equity earnings,
after tax (68.5) (26.1) (20.8) (19.0) (14.7) (3.7) - - -
Special items, after tax(1) (21.2) 41.4 310.0 (31.0) 15.8 (30.5) 35.7 30.4 101.0
Tax adjustments(2) (30.0) (30.7) 147.2 (44.9) (88.3) (42.3) 0.5 2.2 (10.5)
Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5
Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3 89.8 96.5 93.5
Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80
2
Adjusted EPS 2011 Q3 2012 Q3 2013 Q3 2014 Q3 2015 Q3
Net income attributable to PolyOne common shareholders $ 16.0 $ 19.4 $ 23.2 $ 32.3 $ 44.5
Special items, after tax(1) 3.1 5.3 10.5 13.2 12.6
Tax adjustments(2) (0.3) 0.1 1.8 (0.1) (9.6)
Adjusted net income $ 18.8 $ 24.8 $ 35.5 $ 45.4 $ 47.5
Diluted shares 94.3 90.2 98.1 93.1 88.4
Adjusted EPS $ 0.20 $ 0.27 $ 0.36 $ 0.49 $ 0.54
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principal or discontinued operations
1) Special items are a non-GAAP financial measure and are used to determine adjusted earnings.
https://www.avient.com/sites/default/files/resources/Innovation%2520Day%2520-%2520May%25202014.pdf
Slide 1
PolyOne Corporation Page 1
PolyOne Innovation Day
InterContinental Hotel
New York, New York
May 29, 2014
PolyOne Corporation Page 2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995.
Christopher Murphy
Vice President, Research and Development
Chief Innovation Officer
PolyOne Corporation Page 22
2 lbs Plastic
=
3 lbs aluminum
or
8 lbs steel
or
27 lbs glass
33% less material by weight
than aluminum
75% less material by weight
than steel
93% less material by weight
than glass
Requires 91% less energy
to recycle a pound of plastic
versus a pound of paper
Source: SPI: Sustainability and the Plastics Industry
Plastics: Key to Future Sustainable Development
PolyOne Corporation Page 23
Decreasing
Dependence on
Fossil Fuels
Globalizing
and Localizing
• Aging
population
• Longer life
expectancy
• Healthy living
• Aging in place
• Environmental
consciousness
• Alternative
energy
• Resource
efficiency
• Biotechnology
• 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
Protecting the
Environment
Improving
Health and
Wellness
Alignment with Megatrends
PolyOne Corporation Page 24
Innovation Drives Earnings Growth
$20
$53
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index
Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
PolyOne Corporation Page 25
Prototype Frame
Opportunity
Scale-up &
Test Market
Build
Business Case
Commercial
Launch
Phase
1
Phase
2
Phase
3
Phase
4
Phase
5
4
11
5
10
6
9
3 4 2
15
9
1
10
4
Breakthrough
Platform
Derivative
A Rich Pipeline of Opportunity
Number of Projects 25 14 19 17 18 93
Addressable Market
($ millions)
TBD TBD $800 $450 $450 $1,700
PolyOne Corporation Page 26
Recent Innovations
Aligned with Megatrends
in Key End Markets and
2015 Goals
Robert M.
Nikrant
Global Specialty Engineered Materials
Versaflex™ VDT Thermoplastic Elastomers
1) Anti-Counterfeiting Solutions
John V.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520BOAML%2520Basic%2520Materials%2520Conference%2520w%2520non-GAAP%252012%252011%25202014.pdf
Slide 1
PolyOne Corporation Page 1
PolyOne Investor Presentation
Bank of America Merrill Lynch
2014 US Basic Materials Conference
Boston, MA
December 11, 2014
PolyOne Corporation Page 2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995.
S&P 500
-150%
-50%
50%
150%
250%
350%
450%
550%
POL S&P 500
All time high of
$43.34
July 1st, 2014
PolyOne Corporation Page 9
2006 2014 YTD 2015
“Where we were” “Where we are” Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 14.9% 12 – 16%
Global Specialty Engineered
Materials 1.1% 12.1% 12 – 16%
Designed Structures & Solutions -- 7.6% 8 – 10%
Performance Products &
Solutions 5.5% 8.1% 9 – 12%
Distribution 2.6% 6.2% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 65% 65 – 75%
3) ROIC* 5.0% 10.6% 15%
4) Adjusted EPS Growth N/A 37% 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
PolyOne Corporation Page 10
32% Adjusted EPS CAGR from 2011
2015 EPS: $2.50
2011 EPS: $0.82
Continued Gross Margin
Expansion
Mergers & Acquisitions
Spartech Accretion
Incremental Share Buybacks
Ongoing LSS Programs
(50-100 bps/yr)
Accelerated Innovation
& Mix Improvement Several Levers to
Drive Growth
Mid Single Digit Revenue Growth
PolyOne Corporation Page 11
Innovation Drives Earnings Growth
*Percentage of Specialty Platform revenue from products introduced in last five years
$20
$53
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14%
31%
2006 2013
Specialty Platform
Gross Margin %
20%
43%
2006 2013
Specialty Vitality Index Target ≥ 35%
Vitality Products
+ 700 to 1000 bps
PolyOne Corporation Page 12
Prototype Frame
Opportunity
Scale-up &
Test Market
Build
Business Case
Commercial
Launch
Phase
1
Phase
2
Phase
3
Phase
4
Phase
5
4
11
5
10
6
9
3 4 2
15
9
1
10
4
Breakthrough
Platform
Derivative
A Rich Pipeline of Opportunity
Number of Projects 25 14 19 17 18 93
Addressable Market
($ millions) TBD TBD $800 $450 $450 $1,700
PolyOne Corporation Page 13
Megatrends Aligned with Key End Markets
Decreasing
Dependence
on Fossil
Fuels
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
PolyOne Corporation Page 14
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of September 30, 2014
Debt Maturities & Pension Funding – 9/30/14
Net Debt / EBITDA* = 1.7x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of September 30, 2014
($ millions)
Coupon Rates: 7.500% 7.375% 5.250%
** includes US-qualified pension plans only *TTM 9/30/2014
PolyOne Corporation Page 15
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales, marketing,
and technical capabilities
Targets that expand our:
• Specialty offerings
• End market presence
• Geographic footprint
• Operating Margin
Synergy opportunities
Adjacent material solutions
Repurchased 1.5 million shares in
Q3 2014
Repurchased 9.7 million
shares since early 2013
10.3 million shares are
available for
repurchase under the
current authorization
Organic
Growth
Acquisitions
Share
Repurchases
Dividends
Investing in operational and
LSS initiatives (including
synergy capture)
Manufacturing alignment
$0.16
$0.20 $0.24
$0.32
$0.40
$0.10
$0.20
$0.30
$0.40
$0.50
2011 2012 2013 2014 2015
Annual Dividend
PolyOne Corporation Page 16
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 17
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?