https://www.avient.com/news/colornow-digital-service-avient-offers-immediate-color-matching-and-streamlined-color-design-process
Digitalization is changing and improving traditional business models, opening up enormous potential for innovation in our industry,” says Gustavo Haruki Kume, digital program leader of Color & Additives Asia at Avient.
https://www.avient.com/news/avient-features-sustainable-composite-materials-jec-world-2022
In addition, Avient will also highlight composite materials and engineered-fiber solutions that offer high strength, weight reduction, and corrosion resistance for products across a broad range of industries and markets:
https://www.avient.com/news/avient-highlights-its-broad-range-thermoplastic-composite-tapes-engineered-fibers-and-advanced-composite-materials-camx
In addition, the CAMX exhibit will feature the following composite technologies:
Thermoplastic Composites:
https://www.avient.com/news/polyone-helps-global-vision-2020-bring-usee-life
Additional capabilities include precision machining and prototype work for various industries, plastic custom molding for both sampling and production runs, and engineering support for tool design optimization.
https://www.avient.com/industries/consumer/consumer-discretionary/outdoor-recreation/exercise-fitness
Color and Additives Solutions Overview
Colorant and additives overview and capabilities
Smartbatch™ Combination Colorants and Additives give the metallic look without the paint for an exterior bumper
https://www.avient.com/sites/default/files/2022-03/CESA Light Product Selector Guide.pdf
CESA™ Light additives can protect the resin in multiple ways.
CESA Light additives are available utilizing either of these two methods or with a synergistic blend of both.
Many CESA Light products include CESA Nox additives, which also aids in polymer protection. 1.844.4AVIENT www.avient.com Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/2020-09/cai-healthcare-application-bulletin.pdf
Count on Avient to deliver exceptional performance with polymer color and additive solutions for OEMs, processors and converters who are focused on essential healthcare applications.
ONCAP™ HC Additive formulations that perform.
Combine your OnColor HC colorants and OnCap HC additives into a single Smartbatch™ formulation.
https://www.avient.com/sites/default/files/2020-08/colormatrix-flexcart-overview-2020.pdf
Once connected, the CMG controller tracks the input signal from the host machine and allows the FlexCart to accurately meter the required color or additive for the process.
What is the normal liquid addition rate?
The packaging is designed to effectively contain and transport Avient liquid colors and additives.
https://www.avient.com/sites/default/files/resources/POL%2520KeyBanc%2520IR%2520Presentation%2520w%2520non-GAAP%252009%252010%25202013.pdf
In addition, operating income before special items and adjusted EPS are components of various PolyOne annual and long-term employee incentive plans. • A reconciliation of each non-GAAP financial measure with the most directly comparable GAAP financial measure is attached to this presentation which is posted on our website at www.polyone.com.
Platform sales and operating income (OI) 2006Y* 2008Y* 2010Y* 2012Y* 2012PF** Global Specialty Engineered Materials Sales $ 345.3 $ 514.0 $ 517.4 $ 543.6 $ 773.0 Global Color, Additives and Inks Sales 531.8 554.3 527.4 703.5 828.5 Designed Structures and Solutions - - - - 850.6 Specialty Platform Sales $ 877.1 $ 1,068.3 $ 1,044.8 $ 1,247.1 $ 2,452.1 Performance Products and Solutions Sales 1,166.2 1,001.4 776.3 837.0 696.1 PolyOne Distribution Sales 732.8 796.7 911.9 1,030.3 1,030.3 Corporate and Eliminations (153.7) (127.7) (111.1) (121.8) (121.6) Total Sales $ 2,622.4 $ 2,738.7 $ 2,621.9 $ 2,992.6 $ 4,056.9 Global Specialty Engineered Materials OI $ 3.9 $ 17.6 $ 49.7 $ 47.0 $ 47.7 Global Color, Additives and Inks OI 8.9 28.1 37.7 66.8 81.6 Designed Structures & Solutions OI - - - - 20.9 Specialty Platform OI $ 12.8 $ 45.7 $ 87.4 $ 113.8 $ 150.2 Performance Products and Solutions OI 64.2 31.3 54.0 74.9 37.4 PolyOne Distribution OI 19.2 28.1 42.0 66.0 66.0 Sunbelt Joint Venture OI 102.9 28.6 18.9 - - Corporate and eliminations (4.6) (28.9) (32.5) (33.7) (40.0) Special items in OI 39.1 (396.2) 4.8 (53.9) (53.9) Operating income (loss) GAAP $ 233.6 $ (291.4) $ 174.6 $ 167.1 $ 159.7 Sunbelt equity income (107.0) (32.5) (23.1) - - Special items in OI (39.1) 396.2 (4.8) 53.9 53.9 Operating income adjusted $ 87.5 $ 72.3 $ 146.7 $ 221.0 $ 213.6 Global Specialty Engineered Materials - OI % of sales 1.1% 3.4% 9.6% 8.6% 6.1% Global Color, Additives and Inks - OI % of sales 1.7% 5.1% 7.1% 9.5% 9.8% Designed Structures & Solutions – OI % of sales - - - - 2.5% Specialty platform OI - % of sales 1.5% 4.3% 8.4% 9.1% 6.1% PP&S operating OI - % of sales 5.5% 3.1% 7.0% 9.0% 5.4% Distribution OI - % of sales 2.6% 3.5% 4.6% 6.4% 6.4% PolyOne OI adjusted - % of sales 3.3% 2.6% 5.6% 7.4% 5.3% * Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment. ** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and exclude the Resin business assets. *** Restated results to exclude the Resin business and to remove Specialty Coatings from the Performance Products and Solutions segment into Global Color, Additives and Inks segment.
Average Debt Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Average PolyOne Debt $ 705.8 $ 705.2 $ 706.9 $ 1,055.5 $ 1,031.2 $ 840.9 Average Equity Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Average PolyOne shareholders’ equity $ 604.3 $ 629.3 $ 629.1 $ 871.8 $ 993.9 $ 745.7 Platform sales and operating income (OI) H1 2012*** H1 2013*** H1 2013**** Global Specialty Engineered Materials Sales $ 280.9 $ 352.0 $ 285.1 Global Color, Additives and Inks Sales 413.9 434.7 409.2 Designed Structures & Solutions Sales - 240.4 - Specialty Platform Sales $ 694.8 $ 1,027.1 $694.3 Performance Products and Solutions Sales 336.0 336.7 317.5 PolyOne Distribution Sales 533.6 543.1 543.1 Corporate and Eliminations (62.3) (68.2) (68.2) Total Sales $ 1,502.1 $ 1,838.7 $ 1,486.7 Global Specialty Engineered Materials OI $ 24.6 $ 32.5 $ 31.2 Global Color, Additives and Inks OI 44.0 54.7 52.0 Designed Structures & Solutions OI - 10.5 - Specialty Platform OI $ 68.6 $ 97.7 $ 83.2 Performance Products and Solutions OI 19.3 27.5 25.7 PolyOne Distribution OI 33.4 33.1 33.1 Corporate and eliminations (20.3) (25.7) (20.3) Special items in OI (20.3) (11.4) (20.3) Operating income - GAAP $ 80.7 $ 121.2 $ 101.4 Special items in OI 20.3 11.4 20.3 Operating income adjusted $ 101.0 $ 132.6 $ 121.7 Global Specialty Engineered Materials - OI % of sales 8.8% 9.2% 10.9% Global Color, Additives and Inks - OI % of sales 10.6% 12.6% 12.7% Designed Structures & Solutions - OI % of sales - 4.4% - Specialty platform - OI % of sales 9.9% 9.5% 12.0% PP&S operating - OI % of sales 5.7% 8.2% 8.1% Distribution OI - % of sales 6.3% 6.1% 6.1% PolyOne OI adjusted - % of sales 6.7% 7.2% 8.2% Reconciliation to Condensed Consolidated Balance Sheets H1 2013 Short-term debt and current portion of long-term debt $ 8.7 Long-term debt 1,022.5 Less cash and cash equivalents (392.4) Specialty Platform Gross Margin Percentage 2006Y* Q2 2013**** Global Specialty Engineered Materials Sales $ 345.3 $ 143.5 Global Color, Additives and Inks Sales 531.8 207.5 Specialty Platform Sales $ 877.1 $ 351.0 Global Specialty Engineered Materials Gross Margin $ 41.6 $ 37.3 Global Color, Additives and Inks Gross Margin 83.6 71.8 Specialty Platform Gross Margin $ 125.2 $ 109.1 Specialty Platform Gross Margin Percentage 14.3% 31.1% * Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
https://www.avient.com/sites/default/files/2024-05/AVNT Q1 2024 Investor Presentation_website w Non-GAAP.pdf
& Canada EMEA Asia Latin America 64% 36% Specialty Engineered Materials Color Additives and Inks 41% 36% 18% 5% 7% 7% 23% 19% 9% 16% 10% 5% 4% Defense Healthcare Packaging Consumer Building & Construction Industrial Transportation Energy Telecom Geography Segment Industry 4 CREATING A WORLD-CLASS SUSTAINABLE ORGANIZATION 1. 6% annualized long term sales growth leveraging sustainable solutions, composites, healthcare and emerging regions 2.
In addition, operating income before the effect of special items is a component of Avient’s annual incentive plans and is used in debt covenant computations.
Three Months Ended March 31, 2024 2023 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net income from continuing operations attributable to Avient shareholders $ 49.4 $ 0.54 $ 20.8 $ 0.23 Special items, after-tax 5.5 0.06 22.3 0.24 Amortization expense, after-tax 14.9 0.16 15.1 0.16 Adjusted net income / EPS $ 69.8 $ 0.76 $ 58.2 $ 0.63 Three Months Ended March 31, Reconciliation to EBITDA and Adjusted EBITDA 2024 2023 Net income from continuing operations – GAAP $ 49.7 $ 21.3 Income tax expense 16.8 7.7 Interest expense, net 26.6 28.8 Depreciation and amortization 44.3 50.5 EBITDA from continuing operations 137.4 108.3 Special items, before tax 6.2 27.3 Depreciation and amortization included in special items (0.5) (1.8) Adjusted EBITDA $ 143.1 $ 133.8 Adjusted EBITDA as a percent of sales 17.3 % 15.8 % 1 Three Months Ended March 31, 2024 2023 Sales: Color, Additives and Inks $ 515.3 $ 537.0 Specialty Engineered Materials 314.4 309.7 Corporate (0.7) (1.0) Sales $ 829.0 $ 845.7 Operating income: Color, Additives and Inks $ 74.8 $ 65.6 Specialty Engineered Materials 53.4 43.1 Corporate (34.2) (51.6) Operating income $ 94.0 $ 57.1 Depreciation & amortization: Color, Additives and Inks $ 21.9 $ 25.8 Specialty Engineered Materials 19.6 21.2 Corporate 2.8 3.5 Depreciation & amortization $ 44.3 $ 50.5 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 96.7 $ 91.4 Specialty Engineered Materials 73.0 64.3 Corporate (31.4) (48.1) Other (expense) income, net (0.9) 0.7 EBITDA from continuing operations 137.4 108.3 Special items, before tax 6.2 27.3 Depreciation and amortization included in special items (0.5) (1.8) Adjusted EBITDA $ 143.1 $ 133.8 Adjusted EBITDA as a percent of sales: Color, Additives and Inks 18.8 % 17.0 % Specialty Engineered Materials 23.2 % 20.8 % 2 Year Ended December 31, 2023 Reconciliation to Condensed Consolidated Statements of Income $ EPS Net income from continuing operations attributable to Avient shareholders $ 75.8 $ 0.83 Special items, after-tax 79.3 0.86 Amortization expense, after-tax 61.5 0.67 Adjusted net income / EPS $ 216.6 $ 2.36 Free Cash Flow Calculation December 31, 2023 Cash provided by operating activities $ 201.6 Taxes paid on gain on sale of business 104.1 Adjusted cash provided by operating activities 305.7 Capital expenditures (119.4) Free cash flow $ 186.3 Year Ended December 31, 2023 Sales: Color, Additives and Inks $ 2,007.4 Specialty Engineered Materials 1,138.2 Corporate (2.8) Sales $ 3,142.8 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 and amortization included in special items (1.9) Adjusted EBITDA $ 501.8 Adjusted EBITDA as a percent of sales 16.0 % 3 Year Ended December 31, Reconciliation to EBITDA and Adjusted EBITDA: 2006 2014 Sales $ 2,622.4 $ 3,835.5 Net income from continuing operations – GAAP $ 133.5 $ 77.2 Income tax expense 29.7 11.2 Interest expense, net 63.1 62.2 Depreciation and amortization 57.1 123.9 EBITDA from continuing operations 283.4 274.5 Special items, before tax (34.0) 164.9 Depreciation and amortization included in special items — (23.1) Joint venture equity income (107.0) — Adjusted EBITDA $ 142.4 $ 416.3 Adjusted EBITDA as a percent of sales 5.4 % 10.9 % Year Ended December 31, Reconciliation of Adjusted EPS: 2006 2014 Net income from continuing operations attributable to Avient common shareholders $ 130.9 $ 78.0 Joint venture equity earnings, after-tax (68.5) — Special items, after-tax (21.2) 101.0 Special items, tax adjustments (30.0) (10.5) Amortization expense, after-tax 1.4 12.4 Adjusted net income from continuing operations attributable to Avient common shareholders $ 12.6 $ 180.9 Diluted shares 92.8 93.5 Adjusted EPS attributable to Avient common shareholders $ 0.14 $ 1.93 4 AVNT Q1 2024 Investor Presentation_w Non-GAAP.pdf IR Deck - AVNT-2024.03.31 5.09 4PM.pdf Attachment