https://www.avient.com/idea/pultruded-composites-design-and-material-engineers-guide
Medical: brace stiffeners and endoscopic dissectors rods.
https://www.avient.com/investor-center/news/polyone-acquires-certain-tpe-assets-kraton
such as packaging, medical devices and personal care products.
https://www.avient.com/resources/safety-data-sheets?page=7054
LIQUID COLOR MEDICAL BLUE 485-33157-1
https://www.avient.com/news/polyone-acquires-magenta-master-fibers
And consistent with the megatrend of improving health and wellness, additional textile growth opportunities include applications within the hygiene, healthcare and medical markets.
https://www.avient.com/news/polyone-acquires-certain-tpe-assets-kraton
such as packaging, medical devices and personal care products.
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
Post-consumer recycled content as percentage of total plastic packaging volume, by weightAvient Corporation 36
37Avient Corporation
T O P 5 G A P S T H A T W E A R E A D D R E S S I N G
2: DECONTAMINATION1: COLOR MANAGEMENT
3: MAINTAINING MECHANICAL
PROPERTIES
4: MONO-MATERIAL
CONSTRUCTION
5: CONSISTENT RECYCLED
MATERIAL QUALITY
Improving the Use of Recycled Content
Avient Corporation 38
39Avient CORPORATION
• Inconsistent base color of recycled materials
• Lightest color recycled material in high demand for all applications ($$)
• Even with clear/transparent materials, color degrades over repeated processing
Our Solutions
• OpticaTM Toners and Super-concentrated colorants to
reduce and mask recycled material discoloration
• SmartHeatTM reduces heat history to minimize yellowing
• Color Simulation Tool to assist with color space design
CHALLENGES
OPPORTUNITIES
• Stabilization of color fluctuation driven by variable recycled polymer
• In-line color correction to optimize customer manufacturing efficiency
RECYCLE COLOR QUALITY RANGE
Avient Corporation 39
1: Color Management
Recycled Material Restricts Color Options
With virgin material, we
can design across a broad
color spectrum
The darker the recycled
materials, the more color
design freedom is restricted
This bright yellow
is not achievable
with high
concentrations of
dark recycled
materials
Avient can provide customer guidance on maximum recycle
content possible and color concentration required to achieve
desired color
Avient Corporation 40
Case Study with Brand Owner
Recycled Resin
=
Discolored Base
Virgin Resin
=
Clean Color Base
Degree of base discoloration limits recycle content
Avient Corporation 41
The Plus Factor Opportunity
I N C R E A S E D U S E O F R E C Y C L E D M A T E R I A L
R E Q U I R E S M O R E C O L O R A N T A N D A D D I T I V E S
Avient Corporation 42
$100M +
2: Decontamination
Recycled material feedstocks are contaminated
• Feedstock variability supplies the recycle process
• Insufficient washing at recycler
• Residual labels and printing inks cause quality and NIAS issues
• Unpleasant recycled material odor (in processing and the final application)
• Clean, food grade, recycled material availability in high demand
• Reliable decontamination to reduce NIAS concerns
• Full odor removal
Our Solutions
• CESATM Laser Marking to eliminate contaminating printing inks,
labels and glue
• AAzureTM process aids and scavengers to enable food and
beverage taste purity in PET packaging
• ProsureTM range of formulations to enable NIAS compliance and
security (customer peace of mind)
CHALLENGES
NIAS = Non Intentionally Added Substances
OPPORTUNITIES
Avient Corporation 43
44
3: Maintaining Mechanical Properties
• Mechanical properties of recycled materials degrade after multiple heat cycles
• Today's recycling protocols only focus on one recycle loop…in reality, there
will be several
• Legislation and brand owners are targeting higher recycled material ratio
incorporation and full circularity
• Polymer quality stability over multiple loops to deliver circular recyclability
• Stress cracking of recycled bottles
• Upgrading performance of lower quality recycled materials
• Specification and guided selection amongst highly variable recycled materials
Our Solutions
• CESATM antioxidants and process aids to enhance
physical properties
• SmartHeatTM reduces heat history to minimize yellowing
• rePrize™ for PET polymer chain repair and extension
CHALLENGES
OPPORTUNITIES
Avient Corporation 44
45
Multi-material packaging is harder to recycle
• Contamination of polymer streams
• Issues in sorting
• Issues in separation
• Trend is to restrict multi-material systems in favor of mono-material constructions
• Improve recyclability of PET gas barriers
• Barrier system development for Polyolefins
• Recyclable barrier systems for film and sheet
Our Solutions
• Portfolio of compatibilizers to enable multilayer constructions
• AmosorbTM to extend beverage shelf life by scavenging
oxygen through the bottle wall
• CaptureTM to extend product shelf life through oxygen
scavenging but without contaminating the bottle
• Lactra SX TM to prevent light-induced oxidation in liquid dairy
products stored at higher temperatures
OPPORTUNITIES
CHALLENGES
Avient Corporation 45
4: Mono-Material Construction
46
Brand Owners require a consistent brand identity
• Inconsistent quality streams pose a challenge to delivering homogeneous product
quality and aesthetics to the consumer
• Brands demand recycled content, but with color/property consistency
• Recyclers are challenged to fulfill needs from brand owners and convertors
• Specification and selection of recycled material grades for targeted applications
• Simulation of recycled material performance in the end-use application
• Leverage re-formulation expertise to provide a consistent packaging product (color and
mechanical properties)
Our Solutions
Our Service and Color Expertise differentiate Avient and allow
us to support customers throughout the entire design process
• Design for use: Color matching, Color design options
• Recycle lot selection
• Improving mechanical properties
• Improving material processing
OPPORTUNITIES
CHALLENGES
Closer customer collaboration to support recycle efforts
Avient Corporation 46
5: Consistent Recycle Material Quality
2016 2021E
Growth in Sustainable Solutions
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
Revenue From Sustainable Solutions*
$340M
$930M
Avient Corporation 47
Future Revenue Growth Assumptions
8-12%
CAGR
Avient Corporation 48
Healthcare
Cathy Dodd
High-Impact, High-Growth Industry
Medical
Equipment /
Devices
33%
Drug
Delivery
19%
Medical
Supplies
18%
Labware
14%
Packaging
8%
Remote
Monitoring
5%
$225
$380
$685
2010 2016 2021E
Healthcare Submarkets (2021E) Track Record of Sales Growth
Personal Wellness
3%
($ millions)
Avient Corporation 49
Our Foundation
W E A R E P O S I T I O N E D T O W I N
Relationships Innovative Solutions Differentiated Services
50Avient Corporation
Trends in Healthcare
S H A P I N G I N N O V A T I O N & S O L U T I O N S
Improved Wellness &
Connectedness
Globalization &
Localization
Increasing Life Expectancy
Self Management & Self
Administration
Technology Driving
Diagnostic & Remote
Monitoring
COVID-19 Protection
Avient Corporation 51
• Deep, trusted customer relationships
• Well-positioned and entrenched in
the Healthcare supply chain
• Broad & differentiated capabilities
• Positioned to respond &
execute quickly
COVID - 19 Protection
A V I E N T W A S S E T A N D R E A D Y
Avient Corporation 52
Aging Population
T R E A T I N G C H R O N I C C O N D I T I O N S
Of the U.S. population is
aged 65 or older… and this
number is growing
Suffer from one or more chronic
health conditions
Avient Corporation 53
Aging Population
T R E A T I N G C H R O N I C C O N D I T I O N S
Increasing Life Expectancy
Cardiology
• 47% of Americans having at least one of three
major risk factors for heart disease
Diabetes
• 193 million people with Type 2 diabetes and will
grow to 252 million by 2026 at a 5% CAGR
Neurology
• Neurological disorders are the second leading
cause of death globally, second only to heart
disease
Avient Corporation 54
Connected Health
E X P A N S I O N O F M E D I C A L W E A R A B L E D E V I C E S
Improved Wellness &
Connectedness
Application Opportunities
• Flexible components to provide design
aesthetics & proper functionality
• Robust designs to meet regulatory
requirements and perform over long product
lifecycles
• Patient comfort to promote ongoing use
Avient Corporation 55
Remote Patient Monitoring
T R A N S L A T I N G D E V I C E S F R O M H O S P I T A L S E T T I N G S T O H O M E
Technology Driving Diagnostic &
Remote Monitoring
Application Opportunities
• Durable, chemically-resistant devices to
withstand impact in a home environment and
exposure to a variety of household cleaners
• Miniaturization of devices to fit into limited space
in the home, while maintaining maximum
functionality
• Innovative, user-friendly designs and long-term
aesthetics to provide patients with easy-to-use,
high-quality, attractive devices in the home
Avient Corporation 56
Self Management & Self Administration
E N A B L I N G P A T I E N T S T O M A N A G E H E A L T H
Self Management & Self
Administration
Application Opportunities
• Combination of rigid & flexible materials to
realize design potential and optimize device
functionality
• Superior chemical resistance to cleaners,
disinfectants, hand oils, UV rays, and drugs to
extend life of device
• Reduced abrasion between mating components
to ensure proper dosing
• Regulatory-approved colorant and additives to
provide branding and drug identification
Avient Corporation 57
Trends are Shaping Innovation
Professional / Clinic Patient / Home
Avient Corporation 58
Avient Design
D I F F E R E N T I A T E D S E R V I C E
• Global product development support from
industrial design through engineering and
product launch
• Extensive material, manufacturing, industry
and value chain knowledge
• Human-centric design skill, aligning product
innovations with ergonomic needs
• Product tear-down capabilities to provide
customers with product optimization and cost
reduction insights
• 3D-printed prototypes and samples to
accelerate product development
Avient Corporation 59
IDEAIDEA
PROOF OF
CONCEPT
PROOF OF
CONCEPT
DESIGNDESIGN TOOLINGTOOLING EVALUATIONEVALUATION
LAUNCH &
DELIVERY
LAUNCH &
DELIVERY
Accelerating Speed to Market
with Avient design
Avient Corporation 60
Avient Design
A U T O I N J E C T O R
61Avient Corporation
Avient Design
62
A U T O - I N J E C T O R T E A R - D O W N
Defined haptics
and soft touch
Stringent regulatory
requirements
Drug contact, mechanical sensitivity for
dosing accuracy
Lasermarking and
laserwelding compatible
Strict change control
Avient Corporation
Avient Design
63
A U T O I N J E C T O R I N N O V A T I O N
Avient Corporation
Avient Design
64
A U T O I N J E C T O R I N N O V A T I O N
Easy to use
Safe
Quality
Protect Ingredients
Compliant
Temperature
Management
Avient Corporation
65
Medical Grade TPE
Healthcare Colorants
High-Density Polymer
Laser weldable formulation
Laser marking additives
Lubricated polymers
Avient Corporation
Easy to use
Safe
Quality
Protect Ingredients
Compliant
Temperature
Management
Avient Design
A U T O I N J E C T O R I N N O V A T I O N
17,645
29,445
2021E 2025E
Source: BCC Research, Nov. 2020
(LBs millions)
Healthcare Growth Outlook
Avient Corporation 66
8-10%
CAGR
Future Revenue Growth AssumptionsMarket for Medical Plastics
Investor Day 2021
Break
Avient Corporation 68
Composites
Chris Pederson
$74
$84
$216 $212
$260
$5
$10
$32
$41
$50
0
10
20
30
40
50
60
70
2017 2018 2019 2020 2021E
• Prior investments in composites
platform and outdoor high
performance applications continue
to pay off driving substantial growth
in 2021
($ in millions)
Composites
• Composites will also drive our ability
to deliver future revenue growth in
excess of GDP
Avient Corporation 69
Spotlight: Growth in Composites
Composite Material Design
Avient Corporation 70
Materials Structure
Mfg ProcessPart Properties
Lower weight
Corrosion resistance
Fatigue performance
Tailor-ability
Design flexibility
Composite Material Forms
Avient Corporation 71
Manufacturing Costs
Continuous Fiber
Thermosets
Continuous Fiber
Thermoplastics
Design Flexibility
Continuous Fiber
Thermosets
Continuous Fiber
Thermoplastics
Discontinuous Fiber
Thermoplastics
Performance Performance
Discontinuous Fiber
Thermoplastics
Composites Portfolio
D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G
M A N U F A C T U R E R S A N D O E M S
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
Avient Corporation 72
Powersports & Outdoor Gear
B E N E F I T S O F C O M P O S I T E S
STRUCTURAL COMPONENTS
Material Replacement • Weight Reduction •
Temperature Resistance • Impact Resistance
BODY PANELS
Paint Replacement • Weight
Reduction • Scratch Resistance
ADVENTURE GEAR
Fatigue Resistance • Lightweight •
Temperature Resistance • Impact
Resistance
Avient Corporation 73
Industrial & Energy
B E N E F I T S O F C O M P O S I T E S
HIGH PRESSURE PIPE
Burst Strength • Corrosion Resistance •
Lighter Weight
GPS TRACKABLE PALLETS
Weight Reduction • Increased Load •
Stiffness
POWER INFRASTUCTURE
Corrosion Resistance • Electrical
Insulation • Weight Reduction
Avient Corporation 74
$31
$48
$66
$119
2009 2013 2017 2021E
($ millions)
Avient Corporation 75
Spotlight: Growth at Fiber-Line
Revenue
• Fiber-Line business acquired on
January 2, 2019 for $120 million
• Specialty portfolio of fiber-optic cable
applications primarily serving
telecommunications end-market
• Deep formulation expertise, innovative
culture and global commercial presence
will accelerate growth related to 5G
infrastructure build out
Avient Corporation 76
5G
Technology
Matt Reinhardt
Evolution of 5G
M E E T I N G S I G N I F I C A N T L Y E X P A N D I N G C O N N E C T I V I T Y N E E D S
Avient Corporation 77
How FAST IS 5G?
Avient Corporation 104
Unprecedented Market Opportunity
$3 Billion Market
• 5G Infrastructure
• Vehicle Electrification
• IoT, Wearables
• Home Health & Consumer Medical Devices
Engineered Materials: Revolutionary Adaptation
Source: Lux Research Inc.,
How can Avient “capture & create” value in this segment?
Fiber Technology
Barrier Technologies
Avient Corporation 107
We are breaking ground on a new innovation center adjacent to our manufacturing facility in Pune
• Focused on investments in both R&D resource
additions and capital investments
• Platform development in new disruptive
markets to support core business and strategy
ISHA
Avient Manufacturing
Site, Pune, India
India Innovation Center
Innovative Sustainable Holistic Accelerator (ISHA)
Avient Corporation 108
2021E 2022E 2023E 2024E 2025E
$1.1B
$1.6B
Growth Through Innovation
Avient Corporation 109
Total CAI and SEMWorld-Class Vitality Index
% of revenue from products launched last five years
12%
35%
2006 2021E
Revenue from new products
Investor Day 2021
Summary
Jamie Beggs
Avient Corporation 110
$442
$457
$580
2019PF 2020PF 2021E
$1.74
$1.93
$3.00
2019PF 2020PF 2021E
Full Year 2019 – 2021 Organic Growth
( T O TA L C O M PA N Y )
Sales Adjusted EBITDA
$3,981
$3,783
$4,750
2019PF 2020PF 2021E
+ 19%
Adjusted EPS
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
(1) (1)
(in millions) (in millions)
(1)(1)
+ 31% + 72%
(1) (1)
Avient Corporation 111
2021 Sales Growth Summary
Key Growth Drivers Segments
(1) Financial information is pro forma to include a full year of Clariant Color business acquisition
Sales
Growth
Rate
2020 Proforma 3,783$
Sustainable Solutions 140 18%
Healthcare 150 31%
Composites 44 33%
Growth in Asia / LATAM 103 21%
Other 530 28%
2021 Estimated 4,750$ 26%
(1) (1)
Sales
Growth
Rate
2020 Proforma 3,783$
Color, Additives & Inks 330 16%
Specialty Engineered Materials 195 28%
Distribution 495 45%
Corporate & Eliminations (53)
2021 Estimated 4,750$ 26%
Avient Corporation 112
Year–to–date EBITDA Bridge
2020 September YTD $ 339
Demand 132
Adjusted
EBITDA($ millions)
(1) Financial information is pro forma to include a full year of Clariant Color business acquisition
(1)
CAI:
Price / Mix 96
Inflation (74)
SEM:
Price / Mix 61
Inflation (45)
Distribution:
Price / Mix 204
Inflation (195)
Net Price Benefit 47
Supply Chain Disruptions (38)
COVID Response Applications (11)
Synergies 34
Incentives, Travel, FX, Other (48)
2021 September YTD $ 455
• Demand driven by growth in
sustainable solutions, healthcare
and consumer applications
• Price increases have more than
covered raw material and freight
inflation impacts of $300M year-
to-date compared to 2020
• Synergy capture on pace to
achieve $52M in annual savings
in 2021
Avient Corporation 113
2006 2021E
$1,110
$3,000
Return on Invested Capital
Avient Corporation 114
Invested Capital
2006 Current
11%
8%
Cost of Capital
2006 2021E
5%
12%
ROIC (after-tax)
($ millions)
0.1 0.1
0.2
0.5
0.6
0.7
0.8
0.9
0.9
1.0 1.0
11 12 13 14 15 16 17 18 19 20 21
44%
98%
YTD 5 - YR 10 - YR
0.16
0.20
0.26
0.34
0.42
0.50
0.58
0.72
0.79 0.81
0.85
0.95
11 12 13 14 15 16 17 18 19 20 21 22
2.1x
Q4 NET LEVERAGE
~$1Bn
REPURCHASED
OVER LAST 10 YEARS
~$450MM
PAID OVER LAST 11 YEARS
Creating Value for Shareholders
Avient Corporation 115
Share Performance Dividends Share Repurchases Deleveraging
3.5x
2.1x
2019PF 2021E
Growing Dividend Cumulative Buybacks Net Leverage
$
B
n
$
p
e
r
sh
a
re
Total Shareholder Return
~$4.3Bn
MARKET CAP INCREASE
OVER LAST 10 YEARS
(1) Share performance includes reinvested dividends and is as of December 2, 2021
(2) Financial information is pro forma to include a full year of Clariant Color acquisition
(1)
(2)
528%
Shaping a Sustainable Future…
Avient Corporation 116
What We Shared Today
S US TAINAB LE S OLU TI ONS
$340
$930
2016 2021E
Brand Owner Commitment
3
2021E 2025E
10 – 50
Percent of recycled
plastic used
Avient Historic Growth Future Growth Assumptions
13% organic CAGR
Net Sales ($ millions)
Avient Corporation 117
8-12%
CAGR
What We Shared Today
HE A LT HCARE
$225
$685
2010 2021E
Megatrend Growth Rate
17,645
29,445
2021E 2025E
Avient Historic Growth Future Growth Assumptions
9% organic CAGR
Source: BCC Research, Nov. 2020
11% CAGR
Market for Medical Plastics
(millions of LBs)
Figures above include relevant Sustainable Solutions sales
Avient Corporation 118
Net Sales ($ millions)
8-10%
CAGR
What We Shared Today
C OMP OSI TE S
$74
$260
2017 2021E
11% organic CAGR
Figures above include relevant Sustainable Solutions sales
Avient Corporation 119
Avient Historic Growth Future Growth Assumptions
Net Sales ($ millions)
5G Capacity and Demand
Source: Mobile Experts: 5G Millimeter Wave 2019:
Radio Architecture and Outlook, March 2019
0
1
2
3
4
5
6
7
2019 2020 2021 2022 2023 2024 2025 2026 2027
D
e
n
se
U
rb
a
n
C
a
p
a
c
ity
(
G
B
/m
o
.)
https://www.avient.com/sites/default/files/2020-10/luxury-closures-gravi-tech-design-guide-2.0-application-specific.pdf
End of Fill
Part Length
Dynamic Pressure
Hydrostatic Pressure
P
re
s
s
u
re
Gate End
Part
FIGURE 61 - Deflection Equations
H
F
WLMax Deflection:
0.002" (0.05mm)
1 =
W • H3
12
_______
bending =
F • L3
48 • E • I
_______
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
FIGURE 60 - Pressure vs Part Length
FIGURE 61 - Deflection equations
FIGURE 62 - For Plate Shaped Parts
FIGURE 63 - For Cylindrical Shaped Parts
Design Guide 49
• M
Moldings
= Combined mass of molded parts
• C
p
= Specific Heat of the material
Step 3 – Heat Removal Rate
• N
lines
= The total number of independent
cooling lines there are in the mold
• t
c
= The cooling time required by the part
(Determined in step 1)
Step 4 – Coolant Volumetric Flow Rate
• ΔT
Max,Coolant
= Change in coolant
Temperature During Molding (1°C)
• ρ
Coolant
= Density of coolant
• CP = Specific heat of coolant
Step 5 – Determine Cooling Line Diameter
• ρ
Coolant
= Density of coolant
• V
Coolant
= Volumetric flow rate of coolant
• μ
Coolant
= Viscosity of coolant
• ΔP
line
= Max pressure drop per line
(Usually equals half of the pump capacity)
• L
Line
= Length of the cooling lines
COOLING LINE SPACING
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
2D < H
line
< 5D
H
line
< W
line
< 2H
line
FIGURE 70 - Cooling Line Spacing
FIGURE 64 - Heat Transfer Equation
FIGURE 65 - Total Cooling for Mold
FIGURE 66 - Cooling Required by Each Line
FIGURE 68 - Max Diameter Equation
FIGURE 69 - Min Diameter Equation
FIGURE 67 - Volumetric Flow Rate Equation
50 Gravi-Tech
ADHESIVE ADVANTAGES DISADVANTAGES
Cyanoacrylate
Rapid, one-part process
Various viscosities
Can be paired with primers
for polyolefins
Poor strength
Low stress crack resistance
Low chemical resistance
Epoxy
High strength
Compatible with various
substrates
Tough
Requires mixing
Long cure time
Limited pot life
Exothermic
Hot Melt
Solvent-free
High adhesion
Different chemistries for
different substrates
High temp dispensing
Poor high temp performance
Poor metal adhesion
Light Curing Acrylic
Quick curing
One component
Good environmental resistance
Oxygen sensitive
Light source required
Limited curing configurations
Polyurethane
High cohesive strength
Impact and abrasion resistance
Poor high heat
performance
Requires mixing
Silicone
Room temp curing
Good adhesion
Flexible
Performs well in high temps
Low cohesive strength
Limited curing depth
Solvent sensitive
No-Mix Acrylic
Good peel strength
Fast cure
Adhesion to variety
of substrates
Strong odor
Exothermic
Limited cure depth
Design Guide 51
Bibliography
1 .
https://www.avient.com/sites/default/files/2021-01/w-9-clariant-plastics-coatings-usa-llc-july-20201.pdf
Corporations are not exempt from backup withholding with respect to
attorneys’ fees or gross proceeds paid to attorneys, and corporations
that provide medical or health care services are not exempt with respect
to payments reportable on Form 1099-MISC.
Barter exchange transactions and
patronage dividends
Exempt payees 1 through 4
Payments over $600 required to be
reported and direct sales over
$5,0001
Generally, exempt payees
1 through 52
Payments made in settlement of
payment card or third party network
transactions
Exempt payees 1 through 4
1 See Form 1099-MISC, Miscellaneous Income, and its instructions.
2 However, the following payments made to a corporation and
reportable on Form 1099-MISC are not exempt from backup
withholding: medical and health care payments, attorneys’ fees, gross
proceeds paid to an attorney reportable under section 6045(f), and
payments for services paid by a federal executive agency.
Other payments” include
payments made in the course of the requester’s trade or business for
rents, royalties, goods (other than bills for merchandise), medical and
health care services (including payments to corporations), payments to
a nonemployee for services, payments made in settlement of payment
card and third party network transactions, payments to certain fishing
boat crew members and fishermen, and gross proceeds paid to
attorneys (including payments to corporations).
5.
https://www.avient.com/sites/default/files/2022-05/DOC 1879.pdf
This document is property of Avient
Corporation and may not be reproduced or communicated to third parties without authorization.
12.0 Quality Details & Revision Control
Definitions and Acronyms
Term Definition
ISO International Standards Organization
QMS Quality Management System
LSS Lean Six Sigma
FDM Food, Drug, Medical
GMP Good Manufacturing Practices
TSCA Toxic Substance Control Act
Food Allergens Food Allergens Include; Soy, Shellfish, Egg, Peanut, and Dairy
CoA Certificate of Analysis
CoC Certification of Conformance
BoL Bill of Lading
IATF International Automotive Task Force
NDA Non-Disclosure Agreement
ISO 9001 : 2015 Quality Management system requirements
IATF 16949 : 2016 Quality management system requirements for automotive
production and relevant service parts organization
ISO 13485 : 2016 Medical devices—quality management systems requirements for
regulatory purposes
https://www.avient.com/sites/default/files/resources/PolyOne%2520Investor%2520Presentation%2520Longbow%2520Basic%2520Materials%2520Conference%2520-%2520March%25202016.pdf
Addressable market exceeds $40 billion
Strong performance demonstrates that our strategy and execution
are working
Megatrends and emerging opportunities align with our strengths
Innovation and services provide differentiation, incremental pricing
power, and competitive advantage
Strong and proven management team driving growth and
performance
PolyOne Corporation Page 21
Appendix
PolyOne Corporation Page 22
Recent Acquisitions
Kraton TPE Assets Magenta Master Fibers
February 2016 – Acquired Kraton’s thermoplastic
elastomer (TPE) assets
Serve personal care, medical, packaging (protective
film) and electronics applications
Purchase price of $72 million represents a multiple
of 9x EBITDA
Adds $35 million in annual revenue and $0.03
accretive to 2016 adjusted EPS
Expands GLS presence in consumer, healthcare,
transportation, and packaging end markets
December 2015 – Acquired Magenta Master Fibers,
an innovative developer of specialty color
concentrates for the global fiber industry
Purchase price of $22 million represents a multiple
of 6.8x EBITDA
Adds $16 million in annual revenue and $0.01
accretive to 2016 adjusted EPS
Broadens portfolio of colorant and additives
technologies for fiber applications and extends
existing reach into strategic end markets such as
transportation and consumer goods
Medical
Baby Care Electronics
Food Packaging
Automotive Textiles Home Textiles
Clothing Outdoor
PolyOne Corporation Page 23
$0.82
$1.00
$1.31
$1.80
$1.96
$0.00
$0.75
$1.50
$2.25
2011 2012 2013 2014 2015
Adjusted EPS
2015 Full Year Financial Highlights
Color Additives & Inks operating
margin reached record level
of 16.7%
Specialty Engineered Materials
operating margin grew 260 basis
points year-over-year to 14.7%
Adjusted EPS has grown on average
24% per year since 2011
$50
$75
$104
$125 $135
$0
$40
$80
$120
$160
2011 2012 2013 2014 2015
CAI Operating Profit
$46 $47
$57
$72
$80
$20
$40
$60
$80
$100
2011 2012 2013 2014 2015
SEM Operating Profit
Note: $ in millions, except per share data
PolyOne Corporation Page 24
1.7%
4.6% 5.1%
5.5%
7.2% 8.1%
9.7%
12.2%
16.7%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2020
Operating Income % of Sales
At a Glance
Color, Additives and Inks
2015 Revenues: $0.8 Billion Solutions
Expanding Profits 2015 Revenue by Industry Segment
14.7%
Platinum
Vision
United States
48%
Europe
33%
Canada
2%
Asia
12%
Latin America
5%
Appliances
2%
Building &
Construction
11%
Consumer
8%
Electrical &
Electronics
1%
Healthcare
6%
Industrial
13%
Packaging
31%
Textiles
8%
Transportation
9%
Wire & Cable
11%
PolyOne Corporation Page 25
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6%
9.3%
14.7%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2020
Operating Income % of Sales
At a Glance
Specialty Engineered Materials
2015 Revenues: $0.5 Billion Solutions
2015 Revenue by Industry Segment Expanding Profits
Platinum
Vision
12.1%
United States
49%
Europe
29%
Canada
2%
Asia
20%
Appliances
3%
Building &
Construction
3%
Consumer
20%
Electrical &
Electronics
16%
Healthcare
11%
Industrial
8%
Packaging
5%
Transportation
19%
Wire & Cable
15%
PolyOne Corporation Page 26
1.4%
5.6%
7.3%
3.0%
12-14%
2012 2013 2014 2015 2020
Operating Income % of Sales
At a Glance
Designed Structures and Solutions
Solutions 2015 Revenues: $0.5 Billion
Expanding Profits 2015 Revenue by Industry Segment
Platinum
Vision
Appliances,
3%
Building &
Construction
9%
Consumer
5%
Healthcare
7%
Industrial
24%
Packaging
19%
Transportation
33%
United States
97%
Canada
3%
PolyOne Corporation Page 27
Appliances
7%
Building &
Construction
31%
Consumer
5%
Electrical &
Electronics
3%
Healthcare
1%
Industrial
13%
Packaging
5% Transportation
19% Wire & Cable
16%
5.5%
6.9%
3.8%
3.6%
5.5%
4.3%
6.3%
7.2%
8.3%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2020
Operating Income % of Sales
At a Glance
Performance Products and Solutions
Solutions
Expanding Profits
2015 Revenues: $0.7 Billion
10-12%
Platinum
Vision
2015 Revenue by Industry Segment
7.7%
United States
79%
Canada
14%
Asia
2%
Latin America
5%
PolyOne Corporation Page 28
2.6%
3.0%
3.5%
4.0%
4.6%
5.6%
6.4% 5.9%
6.6% 6.5-7.5%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2020
Operating Income % of Sales
15%
53%
2006 Q4 2015
At a Glance
Distribution
Key Suppliers 2015 Revenues: $1.0 Billion
ROIC Expanding Profits
6.1%
Platinum
Vision
Appliances
6%
Building &
Construction
4%Consumer
13%
Electrical &
Electronics
6%
Healthcare
23%
Industrial
16%
Packaging
4%
Transportation
24%
Wire & Cable
4%
http://www.polyone.com/Pages/VariationRoot.aspx
PolyOne Corporation Page 29
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 30
Application Examples
PolyOne Corporation Page 31
Outdoor Applications
• Leading provider of high performance
specialty materials for the recreational
and sports & leisure industry
• Well positioned across all segments to
address market needs
Metal to Polymer Conversion
Lightweighting
Thermal Management
Impact Performance
Source: Outdoor Industry Association
PolyOne Corporation Page 32
$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:
Sustainability benefits include lower
package weight and improved recyclability
of package at end of use
Market Opportunity
Leading Global Supplier of Additives In Growing PET Market
Shelf-life extension
Greater product
consistency
Recyclability and
reduced carbon
footprint
Color and Special
Effects
Weight reduction
Enhanced product
aesthetics
High heat resistance
PET Bottling Technology
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
2009 2014 2019
Asia Pacific North America
Latin America Western Europe
Eastern Europe Middle East and Africa
Global PET Packaging Growth 2009-2019
Source: Euromonitor retail off-trade consumption (PET bottles & jars, home care, personal care,
food & non-alcoholic beverages)
B
ill
io
n
un
its
5% CAGR
PolyOne Corporation Page 33
• Includes formulation and
consultative services to assist
manufacturers and brand owners in
positively identifying their finished
goods
• Protects brand equity & consumer
welfare
• Reduces exposure to unwarranted
recall expenses
• Secures supply chain integrity –
support for safe expansion into new
geographies
Authentication Technology
PolyOne Corporation Page 34
Metal Replacement Solutions
• Replaces metal in LED lighting
• Extends LED durability and life
span eliminating hot spots
• Greater design flexibility with
fewer parts
• Weight reduction
• Simplifies manufacturing and
lowers total production cost
PolyOne Corporation Page 35
• Color harmonization across
15 unique color-and-polymer
combinations
• Eliminated need for multiple pre-
colored materials
• Reduced Land Rover’s working
capital
Range Rover Evoque Interior
PolyOne Corporation Page 36
• Reduced health and
environmental impact
• System cost reduction
• Radiation-shielding
performance
• Parts consolidation
• Design freedom
CT Scanner
PolyOne Corporation Page 37
High-Barrier Packaging Containers
• Capability to extrude up to 13
layers
• Strong oxygen and moisture
vapor transmission protection
• Can be made symmetrical or
asymmetrical to meet
customized needs of broad
variety of applications
• Barrier protection and superior
sensory properties
PolyOne Corporation Page 38
Aerospace Applications
• Leading provider of specialty materials
for the aerospace industry
• Typical applications
Mil-spec aircraft windows, canopies,
windscreens, instrument panels,
wingtip lenses
Interior – gallery furnishings, tray
tables, arm rests, trim strips, joint/edge
coverings
• Benefits:
High impact strength
Resistant to UV rays
Flame and smoke compliance
Easy to clean with aggressive cleaners;
anti-microbial grades available
Range of sizes, thicknesses, colors, etc.
1
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Below is a reconciliation of non-GAAP financial measures to the most directly comparable measures calculated and presented in accordance with U.S.