https://www.avient.com/sites/default/files/resources/Investor%2520Presentation%2520May19.pdf
Investor Day POLYONE I N V E S T O R P R E S E N T A T I O N M A Y 2 0 1 9 FORWARD LOOKING STATEMENTS PolyOne Corporation 2 • • • • • • • • • • USE OF NON-GAAP MEASURES PolyOne Corporation 3 • • • V I S I O N PolyOne Corporation 4 To be the world’s premier provider of specialized polymer materials, services and solutions C O R E V A L U E S P E R S O N A L V A L U E S Honesty IntegrityRespect Operational Excellence Commercial Excellence Specialization Globalization Collaboration ExcellenceInnovation To be the world’s premier provider of specialized polymer materials, services and solutions S A F E T Y F I R S T PolyOne Corporation 5 Injuries per 100 Workers Spartech Acquisition 1.3 1.1 1.1 0.85 0.65 0.57 0.54 0.97 0.84 0.74 0.74 0.69 0.51 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 PolyOne Corporation 6 P O L Y O N E 2 0 1 8 R E V E N U E | $ 3 . 5 B I L L I O N Transportation 17% Industrial 15% Consumer 12% Packaging 11% Wire & Cable 10% Appliance 5% United States 57% Europe 16% Asia 10% Latin America 10% Canada 7% Distribution 35% Performance Products & Solutions 19% Specialty Engineered Materials 17% Color Additives & Inks 29% Segment End Market Geography Building & Construction 11% Electrical & Electronics 6% Healthcare 13% 2009 2010 2011 2012 2013 2014 2015 2016* 2017* 2018 $2.43 P R O O F O F P E R F O R M A N C E C O N S E C U T I V E Y E A R S PolyOne Corporation 7 9 $0.13 $0.68 $0.82 $1.00 $1.31 $1.80 $1.96 $2.06 $2.21 2006 2018 ROIC** 5.0% 14.1% Operating Income % of Sales Color, Additives & Inks 1.7% 15.1% Specialty Engineered Materials 1.1% 11.2% Performance Products & Solutions 4.3% 10.0% Distribution 2.6% 5.6% A D J U S T E D E P S E X P A N S I O N S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H PolyOne Corporation 8 P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E Double digit annual EPS growth strategic acquisitions Innovate 600K-1M commercial resources 5-7% Double acquired margins Lean Six Sigma commercial excellence 531 710 130 164 504 663 2014 2018 R&D / Technical Marketing Sales PolyOne Corporation 9 Increased commercial headcount + 34% + 26% + 32% I N V E S T M E N T I N COMMERCIAL RESOURCES D R I V I N G G R O W T H Sustained revenue increases led by organic business $2.9 $2.9 $3.2 $3.5 2015 2016 2017 2018 Total + 9% Organic + 5% Revenue in billions of $ Total + 10% Organic + 7% Lead Specialists T H E E V O L V I N G C U S T O M E R R E L A T I O N S H I P PolyOne Corporation 10 Expanded Path Traditional Path Strategic Accounts/ Field Sales Business Development Customer Service Web and Social Media Inside Sales PolyOne Corporation 11 Investments in digital and dedicated inside sales to improve customer experience 110% increase in leads (from 6,000 to 12,700) driven by website, phone, and online chat EXPANDED PATH A DDI N G C U S T O M E R T O U C H P O I N T S 4 24 2014 2018 Inside sellers $11M $109M 2014 2018 Inside sales/digital revenue A L I G N I N G W I T H T R E N D S F O R G R O W T H T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R PolyOne Corporation 12 Facilitate alternative energy solutions Light- weighting Reduce packaging materials Improve recyclability Reduce spread of infection I N N O V A T I O N PolyOne Corporation 13 Customization 55% M&A 30% Innovation Pipeline 15% Innovation comes from Research & Development Spend Vitality Index 12% 35% 2006 2018 $20 $56 2006 2018 Transformational Adjacent Core 3 H O R I Z O N S O F D E V E L O P M E N T PolyOne Corporation 14 Market Technical I N N O V A T I O N I N N O V A T I O N P I P E L I N E PolyOne Corporation 15 PrototypeFrame Opportunity Scale-up & Test Market Build Business Case Commercial Launch (since 2017) Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 6 11 4 4 3 2 28 0 5 10 7 2 5 5 Breakthrough Platform Derivative F L A M E R E T A R D A N T P O L Y M E R S A D V A N C E D C O M P O S I T E S B A R R I E R M A T E R I A L S C O L O R A N T T E C H N O L O G I E S T H E R M O P L A S T I C E L A S T O M E R S I N N O V A T I O N S P O T L I G H T : C O M P O S I T E S PolyOne Corporation 16 C O M P O S I T E S R E F R E S H E R PolyOne Corporation 17 Fiber Polymer Composite S T R A T E G I C I N V E S T M E N T H I S T O R Y Thermoplastic Composites Long Fiber Reinforced Thermoplastics Continuous Fiber Thermosets Long Fiber Reinforced Thermoplastics Continuous Fiber Thermosets 2012 2015 20162009 2011 2018 PolyOne Corporation 2019 18 C O M P O S I T E S I N T R A N S P O R T A T I O N PolyOne Corporation 19 W A T E R C R A F TR A I L H E A V Y T R U C K F I B E R - L I N E H I G H L I G H T S PolyOne Corporation 20 $100M • • • • • • • • • • • • • • • • • • • Customer Value Fiber-Line Fiber Processing Capabilities Polymer Formulation Capabilities P O L Y O N E A P P L I C A T I O N S I N F I B E R O P T I C C A B L E S PolyOne Corporation 21 • • • • • • • • • F I B E R O P T I C A L G R O W T H D R I V E R S PolyOne Corporation 22 5G Networks 10x 8x 5G vs. 4G PolyOne Corporation 23 Safety Technology Geography Service FinancialPeople 8-10% with ability to double I N V E S T - T O - G R O W M & A S T R A T E G Y PolyOne Corporation 24 Capture sourcing synergies Cross-sell & blend technology 8-10% operating margins I N V E S T - T O - G R O W M & A P L A Y B O O K Protect customers Retain employees Implement LSS to drive efficiency improvements Innovate with combined portfolio Safety First!
Leverage PolyOne’s global reach Phase 1 Phase 2 Phase 3 18-20% operating margins Invest in commercial resources I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E PolyOne Corporation 25 Commercial Resources Operating Income ($ in millions) Operating Margins 243 340 At Acquisition Today $36 $96 At Acquisition Today 11% 20% At Acquisition Today Established Acquisitions (> 7 years) + 40% + 165% + 900 bps I N V E S T - T O - G R O W D R I V I N G T H E F U T U R E PolyOne Corporation 26 Commercial Resources Operating Income ($ in millions) Operating Margins 138 181 251 At Acquisition Today Goal $23 $25 $70 At Acquisition Today Goal 7% 8% 18-20% At Acquisition Today Goal Recent Acquisitions PolyOne Corporation 27 Average Company Size # of Possibilities Rationale $200M • • • S T R O N G P I P E L I N E D R I V E N B Y F R A G M E N T E D M A R K E T $0 $150 $300 $450 $600 $750 $900 2011 2012 2013 2014 2015 2016 2017 2018 $890M R E T U R N I N G C A S H T O S H A R E H O L D E R S O V E R $ 1 . 2 B I L L I O N S I N C E 2 0 1 1 PolyOne Corporation $0.16 $0.20 $0.24 $0.32 $0.40 $0.48 $0.54 $0.70 $0.78 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 3-Year Dividend Plan Cumulative Share Repurchases Increasing Annual Dividend 28 6.3% 14.1% 16-17% 2009 2018 Updated Expectations R O I C D R I V E S S H A R E H O L D E R R E T U R N PolyOne Corporation 29 PolyOne Corporation 30 W H Y I N V E S T I N P O L Y O N E ?
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 SERVICE: T H E T I M E L E S S D I F F E R E N T I A T O R PolyOne Corporation 31 T A L E N T D E V E L O P M E N T PolyOne Corporation 32 Leadership Program Participants 2012 2013 2014 2015 47 0 86 2016 2018 125 169 315 Campus Hires 2008 2011 2014 2017 0 25 90 47 PolyOne LSS Blackbelts 2008 2011 2014 2018 0 67 220 147 2018 141 A U N I Q U E C U S T O M E R E X P E R I E N C E Industrial Design IQ DESIGN LABS PolyOne Corporation 33 Material & Color Expertise Manufacturing Expertise 3 14 2014 2018 Industrial designers $0 $10M 2014 2018 $4M $80M 2014 2018 Opportunity funnel New business revenue LSS CUSTOMER FIRST PolyOne Corporation 34 Customer Projects 2014 2018 2 104 3 D P R I N T I N G B R I N G I N G N E W I D E A S T O L I F E PolyOne Corporation 35 PolyOne Corporation 36 M O N T H M O N T H M O N T H M O N T H M O N T H M O N T H 99.9% up to 24 weeks 6 hours C O L O R M A T R I X S E L E C T ™ I N N O V A T I N G W I T H P O L Y O N E PolyOne Corporation 37 SEGMENT HIGHLIGHTS C O L O R , A D D I T I V E S & I N K S EN D M A R K ET S & S O L U T I O N S PolyOne Corporation 38 Solid Colorants Performance Additives Screen Printing Inks Liquid Colorants Packaging 28% Industrial 14% Textiles 13% Wire & Cable 11% Building & Construction 10% Transportation 8% Consumer 8% Healthcare 5% Appliances 2% Electrical & Electronic 1% Operating Income & MarginRevenue by Region C O L O R , A D D I T I V E S & I N K S 2 0 1 8 R E V E N U E | O V ER $ 1 B I L L I O N $4 $25 $104 $159 0.9% 5.5% 12.2% 15.1% 2005 2009 2013 2018 PolyOne Corporation 39 Europe 35% United States 45% Asia 14% Canada 1% Mexico 3% South America 2% S P E C I A L T Y E N G I N E E R E D M A T E R I A L S EN D M A R K ET S & S O L U T I O N S PolyOne Corporation 40 Engineered Formulations Advanced Composites Thermoplastic Elastomers Consumer 21% Transportation 18% Wire & Cable 13%Healthcare 9% Industrial 9% Packaging 7% Appliance 3% Building & Construction 4% Electrical & Electronics 16% S P E C I A L T Y E N G I N E E R E D M A T E R I A L S Revenue by Region Operating Income & Margin 2 0 1 8 R EV EN U E | $ 6 4 6 M I L L I O N PolyOne Corporation 41 $21 $57 $72 0.1% 5.1% 9.3% 11.2% 2005 2009 2013 2018 Europe 28% United States 46% Asia 24% Canada 2% P E R F O R M A N C E P R O D U C T S & S O L U T I O N S EN D M A R K ET S & S O L U T I O N S PolyOne Corporation 42 Specialty Vinyl Solutions Healthcare Formulations Smart Device Materials Flame Retardant Polymers Building & Construction 28% Industrial 18% Transportation 17% Wire & Cable 16%Consumer 7% Appliance 6% Packaging 4% Electrical & Electronics 4% Asia 2% United States 78% Mexico 5% Canada 15% P E R F O R M A N C E P R O D U C T S & S O L U T I O N S Operating Income & MarginRevenue by Region 2 0 1 8 R EV EN U E | $ 7 3 6 M I L L I O N $40 $24 $56 $74 4.6% 3.6% 7.2% 10.0% 2005 2009 2013 2018 PolyOne Corporation 43 D I S T R I B U T I O N EN D M A R K ET S & S U P P L I ER S PolyOne Corporation 44 Healthcare 27% Transportation 22% Industrial 18% Consumer 12% Appliance 6% Electrical & Electronics 5% Building & Construction 5% Packaging 3% Wire & Cable 2% $20 $25 $63 $71 2.9% 4.0% 5.9% 5.6% 2005 2009 2013 2018 Operating Income & Margin2018 Revenue | $1.3 Billion http://www.polyone.com/Pages/VariationRoot.aspx O V E R V I E W O F R A W M A T E R I A L P U R C H A S E S PolyOne Corporation 45 T A R G E T E N D M A R K E T S & A P P L I C A T I O N E X A M P L E S PolyOne Corporation 46 Thermally Conductive Technologies Chemical Resistant Technologies Polymer Colorants Elastomeric Grips and Handles Structural Composites Antimicrobial Technologies Anti-Counterfeiting Technologies Target End Markets… Healthcare Catheter Technologies Under-hood Components Target End Markets… Automotive Interior Structural Components Sound & Vibration Management Roof Systems Air Management Electronics and Cameras Lighting Exterior / Interior Trim Braces & Brackets Fasteners Seals & Flaps Target End Markets… Consumer Thermally Conductive Components Polymer Colorants Elastomeric Grips and Handles Structural Composite Components Oxygen Scavenger Technologies Laser Marking Additives Antistatic Technologies UV Light Barrier Technologies Cap & Closure Colorants Process Optimization Technologies Antioxidant Technologies Density Modified Technologies Target End Markets… Packaging Luxury Packaging GravitechTM Density Modified Polymers Optimize Color Usage OnColorTM Super Concentrates Combat Bacteria Formation WithStandTM Antimicrobial Technology Medical Device Housings Chemically Resistant Engineered Polymers Color & Design Services Outdoor Applications Fiber Colorants Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except per share data) Senior management uses comparisons of adjusted net income from continuing operations attributable to PolyOne shareholders and diluted adjusted earnings per share (EPS) from continuing operations attributable to PolyOne shareholders, excluding special items, to assess performance and facilitate comparability of results.
https://www.avient.com/resources/safety-data-sheets?page=2037
ACY NAVY BLUE 296C
K 6300-A70 BLACK
TRANS BLUE PP BLUE GLOW 2
https://www.avient.com/resources/safety-data-sheets?page=6943
PU DARK BLUE 19-4035 2
NEU-295I POLAR GRAY / G500.A70.N.PA
PP BLUE CASE 289C
https://www.avient.com/resources/safety-data-sheets?page=6578
LT TRANS BLUE 545C PVC
PINNACLE BLUE BP
A70 G35 NATURAL
https://www.avient.com/resources/safety-data-sheets?page=1318
ONFLEX-V AA 1100 A70 White 0001
NAVY BLUE 293C
M3213 Blue
https://www.avient.com/sites/default/files/2024-11/Stan-Tone RBX Product Bulletin.pdf
% Pigment Specific Gravity Color Index Heat Stability Lightfastness System RED 23EP06 Specialty Naphthol BS 50 1.06 PR-170 2 I/O (Mass) C EPDM 25EP12 Red 2B, Ca Salt Bs 49 1.2 PR-48:2 2 I/O EPDM 26EP03 Pyrazolone YS 41 1.03 PR-38 2 C I/O EPDM 28EP02 Red 2B, Ba Salt YS 50 1.33 PR-48:1 2 I/O EPDM 82EP02 Iron Oxide, Dark VBS 59 1.7 PR-101 1 I/O EPDM 82EP04 Iron Oxide, Light VYS 60 1.73 PR-101 1 I/O EPDM BLUE 40MB05 (c) Phthalocyanine GS 48 1.19 PB-15:3 1 I/O SBR 40MB08 (c) Phthalocyanine RS 52 1.27 PB-15 1 I/O SBR 40MB10 (c) Phthalocyanine RS-NC 48 1.22 PB-15:1 1 I/O SBR 40MB02 Ultramarine 51 1.35 PB-29 1 I/O SBR 40EP05 Phthalocyanine GS 44 1.14 PB-15:3 1 I/O EPDM 40EP08 Phthalocyanine RS 49 1.23 PB-15 1 I/O EPDM 40EP10 Phthalocyanine RS-NC 48 1.11 PB-15:1 1 I/O EPDM 42EP02 Ultramarine GS 50 1.27 PB-29 1 I/O EPDM GREEN 50MB05 Blend (Yellow/Blue) 48 1.21 N/A 3 I SBR 51MB01 (c) Phthalo Brominated VYS 50 1.4 PG-36 1 I/O SBR 51MB03 (c) Phthalocyanine YS 47 1.34 PG-7 1 I/O SBR 51MB05 (c) Phthalocyanine BS 50 1.46 PG-7 1 I/O SBR 59MB01 Chromium Oxide 69 2.17 PG-17 1 I/O SBR 50EP05 Blend (Yellow/Blue) 48 1.16 N/A 3 I EPDM 51EP01 Phthalo Brominated VYS 44 1.37 PG-36 1 I/O EPDM 51EP03 Phthalocyanine YS 47 1.33 PG-7 1 I/O EPDM 51EP05 Phthalocyanine Bs 45 1.37 PG-7 1 I/O EPDM 59EP01 Chromium Oxide 71 2.12 PG-17 1 I/O EPDM VIOLET/MAGENTA 24MB03 Quinacridone Violet 30 1.06 PV-19 2 I/O SBR 24MB04 Ultramarine Violet 60 1.59 PV-15 1 I/O SBR 24MB06 Benzimidazolone 40 1.08 PV-32 2 I/O SBR 24MB07 Carbazole Violet 40 1.25 PV-23 2 I/O SBR 24EP03 Quinacridone Violet 31 1 PV-19 2 I/O EPDM 24EP07 Carbazole Violet 14 1.34 PV-23 2 I/O EPDM Stan-Tone Code Pigment Type Approx. % Pigment Specific Gravity Color Index Heat Stability Lightfastness System BROWN 83MB01 (c) Iron Oxide, Tan HR 60 1.78 PBr-11 1 I/O SBR 83MB02 (c) Iron Oxide, Light 68 2.1 PBr-6 2 C I/O SBR 83MB03 (c) Iron Oxide, Dark 60 1.83 PBr-6 2 C I/O SBR 83EP02 Iron Oxide, Light 69 1.98 PBr-6 2 C I/O EPDM 83EP03 Iron Oxide, Dark 69 1.98 PBr-6 2 C I/O EPDM BLACK 90MB01 (c) Furnace N-330 31 1.2 PBk-7 1 I/O SBR 90MB05 (c) Iron Oxide 60 1.8 PBk-11 2 C I/O SBR 90EP01 Furnace Black 33 1.05 PBk-7 1 I/O EPDM 90EP05 Iron Oxide 55 1.56 PBk-11 2 C I/O EPDM ALUMINUM 61MB01 Aluminum 70 1.5 PM-1 1 I/O SBR 61EP01 Aluminum 60 1.31 PM-1 1 I/O EPDM RS = Red Shade YS = Yellow Shade VYS = Very Yellow Shade BS = Blue Shade VBS = Very Blue Shade GS = Green Shade NC = Non-Crystallizing HR = Heat-Resistant (a) = Potential Migration at Low Use Levels (b) = Poor Alkali Resistance - Not Recommended for Open Steam Cure (c) = Six Month Shelf Life LIGHTFASTNESS I = Indoor Only I/O = Indoor or Outdoor Mass = Outdoor Masstone Application Only C = Some Caution Advised HEAT STABILITY 1 = Above 400°F 2 = 350°F–400°F 3 = Below 350°F C = Some Caution Advised 1.844.4AVIENT www.avient.com Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2022-01/Bergamid Laser Welding Solutions Product Bulletin.pdf
Bergamid™ Laser Welding Solutions Bergamid™ Laser Welding Solutions help customers produce high performance parts with durable welds and smooth surfaces.
The Bergamid Laser Welding product portfolio offers PA66 formulations that meet required transmission rates across various sectors.
KEY CHARACTERISTICS • Part design freedom • Reduced tooling cost • Controlled laser transmission rate and weld width • Minimum heat affected zone • Gas tight weld line with no weld flash • Multiple color options MARKETS & APPLICATIONS Bergamid Laser Welding Solutions can meet the demanding technical requirements of laser welding for a range of markets & applications, including: • Automotive • Medical Devices • Consumer Goods • Houseware Applications PRODUCT BULLETIN www.avient.com Copyright © 2022, Avient Corporation.
https://www.avient.com/resources/safety-data-sheets?page=5124
70-PU-61 PURPLE
70-RD-61 RED
70-WT-61 WHITE
https://www.avient.com/sites/default/files/2024-05/Mevopur-Surgical Gown-Case study snapshot_0520.pdf
Medical textile manufacturer LEARN MORE MEDICAL TEXTILE MANUFACTURER S U R G I C A L D R A P E S & G O W N S • Pre-tested for ISO 10993 biocompatibility standard • Available in standard blue or other customized colors • Compatible with ETO sterilization • Suitable for use in non-woven SMS spunbond layer • Offered standard blue and custom colors such as green • Pre-tested raw materials for biocompatibility ISO10993 standard • Manufactured under ISO 13485 certified medical sites with change control in place MevopurTM Healthcare Colorants and Formulations KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/resources/safety-data-sheets?page=1756
MET BLUE HYTREL
A70 G15 BLACK
TURQUOISE BLUE 632C