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.
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: • The time required to consummate the proposed acquisitions described in this presentation; • The satisfaction or waiver of conditions in the purchase agreements for the proposed acquisitions; • Any material adverse changes in the business of Clariant’s Color and Additive Masterbatch business; • The ability to obtain required regulatory or other third-party approvals and consents and otherwise consummate the proposed acquisitions; • Our ability to achieve the strategic and other objectives relating to the proposed acquisitions, including any expected synergies; • Our ability to successfully integrate Clariant’s Color and Additive Masterbatch business and achieve the expected results of the acquisitions, including, without limitation, the acquisitions being accretive; • 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 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 plastics 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 raise or sustain prices for products or services; • An ability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to acquisition and integration, working capital reductions, costs reductions and employee productivity goals; • Information systems failures and cyberattacks; 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.
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/investor-center/news/avient-updates-third-quarter-and-full-year-2022-forecast
and related energy supply concerns have further eroded consumer sentiment and demand in
and we have not seen a recovery in
which have negatively impacted demand trends in the Americas.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Brazil %28English and Spanish Translation%29.pdf
Any additional, different or other terms and/or conditions contained in any purchase order, document, website or other communication by or from Buyer are hereby objected to and rejected by Seller.
Seller may discontinue any Product sold hereunder at any time, unless Buyer and Seller have otherwise agreed in writing. 6.
Buyer shall have no right of set-off.
https://www.avient.com/sites/default/files/2020-08/bottle-optimization-brochure-8.5x11.pdf
Sustainability We have additives that enable greater use of recycled content and minimize negative impacts on recycle streams.
Economics The difference between success and cost overrun is less than $0.01 per bottle.
Values reported as “typical” or stated without a range do not state minimum or maximum properties; consult your sales representative for property ranges and min/max specifications.
https://www.avient.com/sites/default/files/2020-09/therma-tech-for-adas-sensors-ecus-product-bulletin.pdf
Housings made of aluminum have long been used for dissipating heat away from the electronics, but aluminum is relatively heavy.
Values reported as “typical” or stated without a range do not state minimum or maximum properties; consult your sales representative for property ranges and min/max specifications.
Values reported as “typical” or stated without a range do not state minimum or maximum properties; consult your sales representative for property ranges and min/max specifications.
https://www.avient.com/sites/default/files/resources/NOVEL_THERMOPLASTIC_ELASTOMERS_FOR_UNIVERSAL_OVERMOLDING_ON_DISSIMILAR_THERMOPLASTICS.pdf
Thus, one of the limitations for most of the existing TPE overmolding technology is that one needs to develop and use different TPE materials for different substrates.
TPE-1 and TPE-2 have a hardness of 45 and 50-55 Shore A, respectively.
TPE-2 TPE-2 materials are opaque and their base chemistries are different from TPE-1.
https://www.avient.com/sites/default/files/2021-01/w-9-clariant-plastics-coatings-usa-llc-july-20201.pdf
If you do not have a number, see How to get a TIN, later.
If you do not have an ITIN, see How to get a TIN below.
If you do not have a TIN, apply for one immediately.
https://www.avient.com/sites/default/files/2022-06/Fiber Optic Cable Interactive PDF_0.pdf
SOLUTIONS FOR FIBER OPTIC CABLE Engineered Fibers, Color & Additives, Specialty Engineered Materials BINDER YARN Flat, low-profile Highly absorbent (up to 65x its weight) BUFFER TUBE SWELLABLE YARN Cleaner than gel Highly absorbent WATER SWELLABLE FRP Non-corrosive, non-conductive, No flaking or shedding Overcoat and upjacketing available STRENGTH MEMBER Aramid or fiberglass yarn Processes cleanly with minimal dust UNDER-SHEATH RIPCORD Swellable, non-wicking Available in colors for easy identificationLASER MARKING ADDITIVES Provide good contrast in black outer jacket for outdoor exposure JACKET Color formulations for PVC, PE, TPU, TPC UV protective additives Non-halogenated colors for LSFOH LSFOH UV formulations for high flame retardancy, chemical and UV resistance, low COF TPE Polyamide, custom polyolefins LOOSE TUBES, TIGHT BUFFERS AND MICRO-MODULES LSFOH UV formulations for improved processing speeds, strippability & gel resistance Customized formulations: PBT PP TPE Color formulations for polyamide, PBT, LSFOH , TPE, TPC (Thermoplastic Copolyester) Laser marking additives https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/ripcords-fiber-optic-cable https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/water-blocking-absorbing-yarn https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/water-blocking-absorbing-yarn https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/fiber-reinforced-polymer https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/strength-members https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/ripcords-fiber-optic-cable https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-laser-marking-additives https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-wire-cable https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives/oncap-uv-stabilizer-additives https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-wire-cable https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations https://www.avient.com/products/thermoplastic-elastomers/onflex-thermoplastic-elastomers https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/eccoh-low-smoke-and-fume-non-halogen-formulations https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/bergadur-polyester-formulations https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations https://www.avient.com/products/thermoplastic-elastomers/onflex-thermoplastic-elastomers https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-wire-cable https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-wire-cable https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-laser-marking-additives
https://www.avient.com/sites/default/files/resources/Application%2520Bulletin%2520Resilience%2520HC.pdf
APPLICATION BULLETIN Resilience™ HC for Medical Device Housings Offering Improved Resistance to Hospital Disinfectants EFFECT ON POLYMER HOUSINGS FOR MEDICAL DEVICES Unfortunately, the increased disinfection practices among healthcare providers have another effect.
Product choices often vary by region due to differences in regulatory and agency requirements, availability and other key factors.
Values reported as “typical” or stated without a range do not state minimum or maximum properties; consult your sales representative for property ranges and min/max specifications.
https://www.avient.com/sites/default/files/2024-09/Chemical Resistance Technical Bulletin %281%29.pdf
Three bars were treated with five different commercially available hospital disinfectants once every 24 hours for three days.
Values reported as “typical” or stated without a range do not state minimum or maximum properties; consult your sales representative for property ranges and min/max specifications.
You have the responsibility to conduct full-scale end-product performance testing to determine suitability in your application, and you assume all risk and liability arising from your use of the information and/or use or handling of any product.