https://www.avient.com/sites/default/files/2020-10/investing-in-avient.pdf
Synergies Initial Estimate
($ Millions)
Revised Estimate
($ Millions)
Administrative $ 18 $ 20
Sourcing 24 30
Operational 18 25
Total Synergies $ 60 $ 75
C L A R I A N T I N T E G R AT I O N & C O S T
S Y N E RG I E S U P DATE
13
$1.65
$2.00
2020E Organic 2020 PF 2020 PF w/ Synergies
The cost synergies from the Clariant Masterbatch acquisition will help drive
substantial margin expansion.
SEGMENT HIGHLIGHTS
Packaging
37%
Consumer
22%
Healthcare
8%
Industrial
14%
Building &
Construction
8%
Transportation
6%
Wire & Cable
3%
Electrical &
Electronics
2%
C O L O R , A D D I T I V E S & I N K S
2 0 2 0 P F R E V E N U E | $ 2 . 0 B I L L I O N
$9
$310
2.0%
15.5%
2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business
US & Canada
32%
Europe
39%
Asia
23%
Latin America
6%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
24
US & Canada
59%
Europe
23%
Asia
18%
Consumer
23%
Healthcare
10%
Packaging
6%
Wire & Cable(1)
25%
Electrical &
Electronics
14%
Industrial
10%
Transportation
10%
Building &
Construction
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
2 0 2 0 E R E V E N U E | $ 6 8 5 M I L L I O N
0.9%
16.8%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
25
(1) Approximately 50% of Wire and Cable sales are associated with Fiber Optic Cabling
Healthcare
30%
Consumer
24%Packaging
3%
Industrial
19%
Transportation
15%
Electrical &
Electronics
4%
Building &
Construction
4%
Wire & Cable
1%
US & Canada
79%
Asia
2%
Latin
America
19%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
D I S T R I B U T I O N
2 0 2 0 E R E V E N U E | $ 1 . 0 5 B I L L I O N
$20
$65
2.9%
6.2%
K E Y S U P P L I E R S
26
AMERICAS EUROPE ASIA
Consumer
26%
Healthcare
19%
Packaging
13%
Industrial
16%
Wire & Cable
7%
Building &
Construction
5%
Electrical &
Electronics
4%
Packaging
35%
Consumer
14%Healthcare
6%
Industrial
17%
Wire & Cable
10%
Building &
Construction
8%
Electrical &
Electronics
3%
Packaging
32%
Consumer
26%
Healthcare
12%
Industrial
7%
Wire & Cable
6%
Building &
Construction
4%
Electrical &
Electronics
9%
Transportation
10%
Transportation
7%
Transportation
4%
2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business
T O T A L C O M PA N Y R E G I O N A L S A L E S
B Y E N D M A R K E T
(58% of sales) (25% of sales) (17% of sales)
27
https://www.avient.com/sites/default/files/2020-11/investing-in-avient_0.pdf
Synergies Initial Estimate
($ Millions)
Revised Estimate
($ Millions)
Administrative $ 18 $ 20
Sourcing 24 30
Operational 18 25
Total Synergies $ 60 $ 75
C L A R I A N T I N T E G R AT I O N & C O S T
S Y N E RG I E S U P DAT E
13
$1.80
$2.12
$2.75
2020E Organic 2020 PF 2020 PF w/ Synergies
The cost synergies from the Clariant Masterbatch acquisition will help drive
substantial margin expansion.
SEGMENT HIGHLIGHTS
Packaging
37%
Consumer
22%
Healthcare
8%
Industrial
14%
Building &
Construction
8%
Transportation
6%
Wire & Cable
3%
Electrical &
Electronics
2%
C O L O R , A D D I T I V E S & I N K S
2 0 2 0 P F R E V E N U E | $ 2 . 0 B I L L I O N
$9
$320
2005 2020PF
2.0%
15.9%
2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business
US & Canada
32%
Europe
39%
Asia
23%
Latin America
6%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
24
$5
$120
2005 2020E
US & Canada
59%
Europe
23%
Asia
18%
Consumer
23%
Healthcare
10%
Packaging
6%
Wire & Cable(1)
25%
Electrical &
Electronics
14%
Industrial
10%
Transportation
10%
Building &
Construction
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
2 0 2 0 E R E V E N U E | $ 7 0 0 M I L L I O N
0.9%
17.1%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
25
(1) Approximately 50% of Wire and Cable sales are associated with Fiber Optic Cabling
Healthcare
30%
Consumer
24%Packaging
3%
Industrial
19%
Transportation
15%
Electrical &
Electronics
4%
Building &
Construction
4%
Wire & Cable
1%
US & Canada
79%
Asia
2%
Latin
America
19%
END MARKET REGION EBITDA DOLLAR & MARGIN
EXPANSION
D I S T R I B U T I O N
2 0 2 0 E R E V E N U E | $ 1 . 1 B I L L I O N
$20
$70
2005 2020E
2.9%
6.3%
K E Y S U P P L I E R S
26
AMERICAS EUROPE ASIA
Consumer
26%
Healthcare
19%
Packaging
13%
Industrial
16%
Wire & Cable
7%
Building &
Construction
5%
Electrical &
Electronics
4%
Packaging
35%
Consumer
14%Healthcare
6%
Industrial
17%
Wire & Cable
10%
Building &
Construction
8%
Electrical &
Electronics
3%
Packaging
32%
Consumer
26%
Healthcare
12%
Industrial
7%
Wire & Cable
6%
Building &
Construction
4%
Electrical &
Electronics
9%
Transportation
10%
Transportation
7%
Transportation
4%
2020 figures Pro forma estimates for acquisition of the Clariant Masterbatch business
T O T A L C O M PA N Y R E G I O N A L S A L E S
B Y E N D M A R K E T
(58% of sales) (25% of sales) (17% of sales)
27
https://www.avient.com/products/long-fiber-technology/benefits-long-fiber-reinforced-thermoplastic-composites
Dimensional Stability (Shrink, Warp, & Thermal Expansion)
Long fiber reinforced composites also exhibit reduced thermal expansion compared to unreinforced plastics of the same type due to their internal network of reinforcing fibers providing resistance to deflection and form changes.
https://www.avient.com/investor-center/news/polyone-announces-third-quarter-2017-results
Recently announced 30% expansion of quarterly dividend and plan to raise the company's annual dividend 60% cumulatively over the next three years
for the third quarter driven primarily by 5% organic expansion and recent specialty acquisitions, which added 4%.
Richardson continued, "Our recently announced dividend expansion is our largest ever, and our three-year plan of a 60% cumulative increase reflects the important steps we have taken to further strengthen our portfolio, balance sheet and future cash flows.
https://www.avient.com/investor-center/news/polyone-raises-outlook-fourth-quarter-2019-adjusted-earnings
We continue to deliver margin expansion in all three segments from pricing actions, improved mix and cost reductions," said
https://www.avient.com/center-of-excellence/avient-us-and-canada
From the vast expanse of Canada and the United States, we’re focused on helping you bring your next project to life based on our comprehensive set of specialty materials, additives, colorants and services, along with our considerable experience and insights.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Welcome%2520and%2520Introduction.pdf
Hanna
consolidate
• Cultures clash –
commodity wins
• Dependent on
income derived from
commodity joint
ventures
The First 6 Years
• Globally organized along
three strategic platforms
• Non-core equity
investment dispositions
• Talent upgrades, discipline
instilled throughout
organization
• New CEO hired to
transform POL into
specialty business
�18 of 20 officers new
• Implemented four
pillar strategy
• Nearly 50% of
The Second 6 Years
History of PolyOne – A Transformation
• Focused on increasing
volume, not profits
• Heavily tied to cyclical
markets
2000 2006 2012
The FormationThe Formation
The TransformationThe Transformation
The New PolyOneThe New PolyOne
organization
• Demonstrated ability
to deliver
• Nearly 50% of
business operating
income derived from
Specialty Platform*
• Specialty assets
acquired
*Pro forma for ColorMatrix acquisition
Page 8
30%
50%
70%
90%
$10
$12
$14
$16
$18
PolyOnePolyOne
Stock Price
S&P 500 (relative performance)
Strategy and Execution Drive Results
| | | |
-50%
-30%
-10%
10%
30%
$0
$2
$4
$6
$8
$10
2006 2007 2008 2009 2010 2011 2012
Page 9
Four Pillar Strategy
The World’s Premier Provider of Specialized
Polymer Materials, Services & Solutions
Page 10
60%
80%
100%
%
o
f
O
p
e
ra
ti
n
g
I
n
co
m
e
*
Old
PolyOne
Transformation
2012
Target
“What We Said”
Mix Shift Highlights Specialty Transformation
Ahead of Schedule
*Operating Income excludes Corporate Charges
** Pro Forma for the acquisition of ColorMatrix and divestiture of SunBelt
2%
34%
42%
50% >50%
0%
20%
40%
2005 2008 2011 2011** 2012
%
o
f
O
p
e
ra
ti
n
g
I
n
co
m
e
*
JV's PP&S Distribution Specialty
Specialty OI $5M $46M $89M $117M “What We Said”
Page 11
2007 2012 Target 2011
“Where we were” “What we said” “Where we are”
1) Operating Income %
Specialty 3.2% 10% - 12% 8.9%
PP&S 6.1% 8% - 10% 7.2%
Pro forma ColorMatrix
Proof of Performance
Distribution 3.0% 4% - 5% 5.6%
2) Specialty Platform
sss% of Operating Income
20% >50% 50%
3) Specialty Vitality
Index
21% 35% - 40% 49%
4) ROIC* (pre-tax) 11% >15% 16%
5) Sales outside the US 37% >40% 40%
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 12
2011
Pro forma ColorMatrix
2015 Target
“Where we are” “Where we expect to be”
1) Operating Income %
Specialty 8.9%
PP&S 7.2%
12 – 16%
9 – 12%
Elevating our Expectations and Yours
PP&S 7.2%
Distribution 5.6%
2) Specialty Platform
% of Operating Income
50%
3) ROIC* (after-tax) 10%
4) Adjusted Annual
EPS Growth
3 yr CAGR = 71%
9 – 12%
6 – 7.5%
65 – 75%
15%
Double Digit Expansion
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 13
• Four pillar strategy, coupled with our ability to
execute is driving results
• Strong leadership team driving growth & executing
• Innovation and services provide differentiation and
How do we get there?
https://www.avient.com/sites/default/files/2024-01/ColorMatrix AAnchor Brochure_A4.pdf
Recycle
Loop
AAnchor
Mg/kg
Anthranilamide
Mg/kg
Virgin
https://www.avient.com/sites/default/files/2024-10/Hydrocerol Chemical Foaming Agents Brochure.pdf
They can also be
part of the chemical foaming process, achieving
a material expansion of up to 50%.
https://www.avient.com/sites/default/files/2025-02/Advanced Composites in Building _ Construction Application Guide.pdf
Transforming
Modular
& Offsite
Construction
with Advanced Composites
APPLICATION GUIDE
Siding & Cladding
Impact resistance; thermal
expansion reduction; superior
strength-to-thickness ratio
compared to traditional siding
Roofing Systems
Impact resistance; flexural strength; thermally
insulative; will not contribute to mold or rot
Interior Wall, Floor, &
Ceiling Panel Systems
Improved structural integrity;
integrated fire protection;
customized dimensions & finishes;
thermal insulation; water, pest,
& impact resistance
Doors
Impact resistance; ballistic resistance;
high strength-to-weight ratio
Exterior Sheathing
Continuous insulation;
impact, moisture & rot resistance;
lightweight construction
Garage Doors
Impact & corrosion resistance; high flexural
strength; customized dimensions & finishes;
weatherability; UV stability; weight reduction
Flood Barriers
Moisture & corrosion resistance;
durable; will not contribute to
mold growth
Composite Decking & Lumber
Reinforcements for increased strength;
material & weight reduction
Cabinetry & Storage
Weight reduction; customized dimensions & finishes
Hammerhead™ FR Flame
Retardant Composite Panels
& Laminates
Hammerhead™ & Polystrand™
Composite Panels
GlasArmor™ & ThermoBallistic™
Ballistic Panels
Polystrand™
Continuous Fiber Tapes
ADVANCED COMPOSITES
FOR BUILDING
& CONSTRUCTION Polystrand™
Continuous Fiber Laminates
Storm Shutters
Impact & ballistic resistance;
superior strength-to-weight ratio
Safe/Panic Rooms
Ballistic & impact resistance
1.844.4AVIENT
www.avient.com
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