https://www.avient.com/investor-center/news/polyone-acquires-certain-tpe-assets-kraton
The end markets utilizing the acquired technologies span new and fast growing applications in adhesive and removable protective films, as well as existing applications served by
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: unexpected costs that may arise from the acquisition of the Kraton TPE business; any material adverse changes in the acquired Kraton TPE business; our ability to achieve the strategic and other objectives relating to the acquired Kraton TPE business, including any expected synergies; our ability to successfully integrate the acquired Kraton TPE business and achieve the expected results of the acquisition; our ability to realize anticipated savings and operational benefits from the realignment of assets, including the closure of manufacturing facilities; the timing of closings and shifts of production to new facilities related to asset realignments and any unforeseen loss of customers and/or disruptions of service or quality caused by such closings and/or production shifts; separation and severance amounts that differ from original estimates; amounts for non-cash charges related to asset write-offs and accelerated depreciation realignments of property, plant and equipment, that differ from original estimates; our ability to identify and evaluate acquisition targets and consummate acquisitions; the ability to successfully integrate acquired businesses into our operations, retain the management teams of acquired businesses and retain relationships with customers of acquired businesses; 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 financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate liquidity) to maintain their credit availability; the speed and extent of an economic recovery, including the recovery of the housing market; our ability to achieve new business gains; 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 the disposal of plastic 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 achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital reductions, cost reductions and employee productivity goals; an inability to raise or sustain prices for products or services; an inability to maintain appropriate relations with unions and employees; our ability to continue to pay cash dividends; the amount and timing of repurchases of our common shares, if any; 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.
https://www.avient.com/investor-center/news/avient-completes-acquisition-dsm-protective-materials-dyneema
This next step in our specialty transformation expands our material offerings to provide solutions that require the highest level of performance in applications where failure is not an option."
The ultra-lightweight specialty fiber is 15 times stronger than steel and is used in demanding applications, such as ballistic personal protection, marine and sustainable infrastructure, renewable energy, industrial protection and outdoor sports.
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: 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, including recessionary conditions; the current and potential future impact of the COVID-19 pandemic on our business, results of operations, financial position or cash flows, including without limitation, any supply chain and logistics issues; changes in polymer consumption growth rates and laws and regulations regarding plastics in jurisdictions where we conduct business; 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; our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; information systems failures and cyberattacks; amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; our ability to successfully integrate the Avient Protective Materials business and achieve the expected results of the business, including without limitation, the acquisition being accretive; any material adverse changes in the business supporting the Distribution assets being sold; the ability to obtain required regulatory approvals and otherwise consummate the proposed sale of the Distribution business; our ability to achieve the strategic and other objectives relating to the Avient Protective Materials business and the proposed sale of the Distribution business; and other factors described in our Annual Report on Form 10-K for the year ended
https://www.avient.com/news/polyone-acquires-certain-tpe-assets-kraton
The end markets utilizing the acquired technologies span new and fast growing applications in adhesive and removable protective films, as well as existing applications served by
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: unexpected costs that may arise from the acquisition of the Kraton TPE business; any material adverse changes in the acquired Kraton TPE business; our ability to achieve the strategic and other objectives relating to the acquired Kraton TPE business, including any expected synergies; our ability to successfully integrate the acquired Kraton TPE business and achieve the expected results of the acquisition; our ability to realize anticipated savings and operational benefits from the realignment of assets, including the closure of manufacturing facilities; the timing of closings and shifts of production to new facilities related to asset realignments and any unforeseen loss of customers and/or disruptions of service or quality caused by such closings and/or production shifts; separation and severance amounts that differ from original estimates; amounts for non-cash charges related to asset write-offs and accelerated depreciation realignments of property, plant and equipment, that differ from original estimates; our ability to identify and evaluate acquisition targets and consummate acquisitions; the ability to successfully integrate acquired businesses into our operations, retain the management teams of acquired businesses and retain relationships with customers of acquired businesses; 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 financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate liquidity) to maintain their credit availability; the speed and extent of an economic recovery, including the recovery of the housing market; our ability to achieve new business gains; 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 the disposal of plastic 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 achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital reductions, cost reductions and employee productivity goals; an inability to raise or sustain prices for products or services; an inability to maintain appropriate relations with unions and employees; our ability to continue to pay cash dividends; the amount and timing of repurchases of our common shares, if any; 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.
https://www.avient.com/sites/default/files/2024-10/Avient CDP Climate Change %26 Water Submission 20241001.pdf
The company, formerly PolyOne Corporation is a premier formulator of specialized and sustainable materials
solutions.
With
excellent chemical resistance, low moisture uptake, high dimensional stability, and superior impact and wear resistance, these formulations are ideal for demanding
applications in industrial, electrical/electronics, and transportation sectors.
Once the NBL electrical forklifts are capable of conducting the weight-up of materials, NBL will remove the propane
forklift from service.
https://www.avient.com/sites/default/files/2021-05/avnt-tpe-beginner-guide-fin.pdf
If needed for the application, TPEs
can even be formulated for fire retardant
performance.
Medical tubing made from
TPE is likewise formulated from a medical grade that withstands various
fluids without degrading.
At Avient, we use
a collaborative approach to deliver the specialty polymer formulations,
services and sustainable material solutions specific to your application
and property needs.
https://www.avient.com/sites/default/files/2020-09/stan-tone-hcc-product-bulletin-1.pdf
PRODUCT BULLETIN
Stan-Tone™ Colorants
Vinyl Paste Colors (HCC)
Stan-Tone™ HCC vinyl paste colorants are select
organic and inorganic pigments dispersed in
diisodecyl phthalate plasticizer (DIDP).
They are designed
for applications in which dispersion, uniformity,
compatibility and cleanliness are desired.
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.
https://www.avient.com/company/sustainability/sustainability-report/people/occupational-safety-continuous-improvement
We have set ambitious internal goals for safety, health, and environmental protection, and we regularly conduct audits to monitor our performance and progress toward these goals.
The management system audits are conducted by leaders from corporate and the various operations, in conjunction with third party experts where necessary, and consist of site visits to validate compliance to internal standards and regulatory requirements.
After all health, safety, security or environmental incidents, Avient conducts an investigation to identify root causes, implement corrective actions and validate measures to prevent reoccurrence are enduring.
https://www.avient.com/resources/safety-data-sheets?page=6513
Therma-Tech TT6600-5032 EI Grey
Therma-Tech TT6800-5001 EI Grey
Search Tips
https://www.avient.com/news/bic-amplifies-sustainable-design-avient-recycled-content-material-soleil-click-5-women-s-razor-handle
Formulated to achieve 62 percent recycled content, this high-performance TPE enables BIC to create products that live up to its sustainability promises.
Utilizing its formulation expertise, Avient is able to increase the overall percentage of recycled content in additional reSound R grades to over 80 percent at performance comparable to prime grades.
These grades can replace traditional TPEs in personal care, lawn and garden, outdoor high performance, footwear, office supplies, houseware durables, and automotive applications.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Investor%2520Day%25205-18-15.pdf
Van Hulle
President, Global Color, Additives & Inks
PolyOne Corporation Page 16
Building &
7%
Electrical &
1%
14%
31% Textiles
7%
2014 Revenue by
Industry Segment
2014 Revenues:
$0.9 Billion
At a Glance
Global Color, Additives & Inks
44%
Europe
36%
Latin America
PolyOne Corporation Page 17
A Case Study for Transformational Success
1.7%
4.6% 5.1% 5.5%
7.2%
8.1%
9.7%
12.2%
14.7%
2006 2007 2008 2009 2010 2011 2012 2013 2014
Operating Margin
$9
$26 $28 $25
$43
$50
$75
$104
$125
2006 2007 2008 2009 2010 2011 2012 2013 2014
Operating Income ($M)
•Cultural mindset shift
from volume to value
•Customer centric focus
and training
•Differentiation with
innovation and service
•Acquisitions expand
portfolio of technology
Global Color, Additives & Inks
PolyOne Corporation Page 18
395
262
2006 2014
From Volume…
(lbs in millions)
-34%
$94
$293
2006 2014
To Value
Gross Margin
($ in millions)
+210%
Global Color, Additives & Inks
PolyOne Corporation Page 19
Accelerating Growth
Global Color, Additives & Inks
Innovation
Market Growth/
Megatrends
Geographic
Expansion
Collaboration
PolyOne Corporation Page 20
Who We Are Growing With
Global Color, Additives & Inks
PolyOne Corporation Page 21
Innovation Pipeline Potential
Global Color, Additives & Inks
Addressable Market
($ millions) $300 $500 $400
Prototype Frame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
3
3
5
0
1
8
3 1 1
5
1
1
1
1
0
Breakthrough
Platform
Derivative
PolyOne Corporation Page 22
Megatrends Aligned with Key End Markets
Increasing
Energy
Efficiency
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
Global Color, Additives & Inks
PolyOne Corporation Page 23
$150M
Revenue
Potential
$500M
Revenue
Potential
Additive
Technologies InVisiOSM Color &
Design Services
Key Initiatives
Global Color, Additives & Inks
PolyOne Corporation Page 24
Innovation Market Growth /
Megatrends
Geographic
Expansion
Collaboration
Platinum Vision
1.7%
7.2%
14.7%
20%+
2006 2010 2014 2020
Platinum
Vision
World Class Operating Margin
Accelerating Growth
Global Color, Additives & Inks
PolyOne Corporation Page 25
Summary
• Global Capabilities
• Innovation Leader
• Collaboration – One PolyOne
Global Color, Additives & Inks
Color Matters
PolyOne Corporation Page 26
Global Specialty Engineered Materials
Craig M.
Nikrant
President, Global Specialty Engineered Materials
PolyOne Corporation Page 27
What We Do
Concept to
Design
Specialty
Formulations
Global Specialty Engineered Materials
PolyOne Corporation Page 28
4% Building &
18%
Electrical &
16%
5% Transportation
20%
2014 Revenue by
Industry Segment
2014 Revenues:
$0.6 Billion
At a Glance
Global Specialty Engineered Materials
44%
Europe
33%
19%
Latin America
PolyOne Corporation Page 29
A Case Study for Transformational Success
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6% 9.3%
12.1%
2006 2007 2008 2009 2010 2011 2012 2013 2014
Operating Margin
$4 $5
$18 $21
$50
$46
$47
$57
$72
2006 2007 2008 2009 2010 2011 2012 2013 2014
Operating Income ($M)
Global Specialty Engineered Materials
•Globally harmonized
specialty strategy and
culture
•Value proposition and
customer centric selling
•Differentiation with
innovation and service
•Expand technology
portfolio with select
acquisitions
PolyOne Corporation Page 30
2006 2014
From Volume…
(lbs in millions)
269 286
+6%
$42
$163
2006 2014
To Value
Gross Margin
($ in millions)
+292%
Global Specialty Engineered Materials
PolyOne Corporation Page 31
Accelerating Growth
Innovation
Market Growth
Geographic
Expansion
Collaboration
Global Specialty Engineered Materials
PolyOne Corporation Page 32
Who We Are Growing With
Global Specialty Engineered Materials
PolyOne Corporation Page 33
Innovation Pipeline Potential
Global Specialty Engineered Materials
Prototype Frame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
3
6
2
3
4
4
2 2 1
3
3
1
3
2
1
Breakthrough
Platform
Derivative
Addressable Market
($ millions) $400 $100 $200
PolyOne Corporation Page 34
Megatrends Aligned with Key End Markets
Increasing
Energy
Efficiency
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
Global Specialty Engineered Materials
PolyOne Corporation Page 35
>$150M
Revenue
Potential
Advanced Composites
Healthcare
Key Initiatives
Light-weighting
>$100M
Revenue
Potential
Global Specialty Engineered Materials
PolyOne Corporation Page 36
Platinum Vision
1.1%
8.0%
12.1%
20%+
2006 2011 2014 2020
Platinum
Vision
World Class Operating Margin
Accelerating Growth
Global Specialty Engineered Materials
Innovation Market
Growth
Geographic
Expansion
Collaboration
PolyOne Corporation Page 37
Summary
Accelerating growth is #1 priority
• Collaboration across PolyOne
• Market-driven Innovation
• Commercial and Operational Excellence
Global Specialty Engineered Materials
PolyOne Corporation Page 38
Designed Structures and Solutions
PolyOne Corporation Page 39
Custom
Engineered
71%
Packaging
29%
2%Building &
23%
27%
30%
2014 Revenue by
Industry Segment
2014 Revenues:
$0.6 Billion
At a Glance
Designed Structures and Solutions
PolyOne Corporation Page 40
Early Progress
1.4%
5.6%
7.3%
2012 2013 2014
Operating Margin
$16
$33
$45
2012 2013 2014
Operating Income ($M)
• Cultural shift from
volume to value
• Emphasis on
commercial excellence
• Mix shift to profitable
portfolio of offerings
• “Rightsizing” the
operational footprint
• Deploy Lean Six Sigma
Designed Structures and Solutions
PolyOne Corporation Page 41
A Lot of Work Remains with Tremendous Upside Potential
Guided by our Four Pillar Strategy
Specialization Globalization
Operational
Excellence
Commercial
Excellence
Designed Structures and Solutions
Focused on improving:
• Quality
• On-time Delivery
• Operational Efficiency
PolyOne Corporation Page 42
Innovating with Cross-Business Unit Technologies
Designed Structures and Solutions
Specialty Engineered Materials
Color and Additives
GLS
ColorMatrix
Geon
• Flame retardant solutions
• Flexible sound abatement materials
• Energy dissipation
• Replacement of leaded glass
• Foaming technologies
• Improved renewable packaging
• Next generation barrier packaging
• Glass replacement in packaging
PolyOne Corporation Page 43
Who We Are Growing With
Designed Structures and Solutions
PolyOne Corporation Page 44
Security Solutions
Aerospace
Key Initiatives
Architectural Solutions
$80M
Addressable
Market
$85M
Addressable
Market
$30M
Addressable
Market
Designed Structures and Solutions
PolyOne Corporation Page 45
Platinum Vision
1.4%
5.6%
7.3%
12-14%
2012 2013 2014 2020
Platinum
Vision
World Class Operating Margin
Accelerating Growth
Designed Structures and Solutions
On-Time
Delivery
Improving
Quality
Customer Centric
Selling
Market Growth Innovation &
Collaboration
PolyOne Corporation Page 46
Summary
Designed Structures and Solutions
• Operational improvements to drive quality and
service excellence
• Continue to invest to optimize and upgrade
capabilities to better serve our customers
• Execution of four pillar
strategy will drive sustained
earnings performance
• Collaboration will accelerate
our success
PolyOne Corporation Page 47
Performance Products and Solutions
Michael A.
S&P 500
-100%
200%
300%
400%
500%
600%
POL S&P 500
PolyOne Corporation Page 85
Formula for Success
Innovation
Market
Beating
Performance
Excellence in Execution
PolyOne Corporation Page 86
Track Record of Successful Acquisitions
$12
$50
2007 2014
$22
$39
2012 2014
$24
$69
2012 2014
GLS ColorMatrix Spartech
OI in $ millions
PolyOne Corporation Page 87
Driving Toward Premier Profitability
EBIT Margins for top tier
companies
Victrex 41%
18% Albemarle
Eastman 17%
Hexcel 17%
FMC 16%
Ecolab 14%
12% Specialty EBIT Margin – 2014
IFF 19%
Celanese 13%
PolyOne Corporation Page 88
2006 2014 2020
“Where we were” “Where we are” Platinum Vision
Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 14.7% 20%+
Global Specialty Engineered Materials 1.1% 12.1% 20%+
Designed Structures & Solutions 1.4%(2012) 7.3% 12 – 14%
Performance Products & Solutions 5.5% 7.7% 10 – 12%
Distribution 2.6% 6.1% 6.5 – 7.5%
Specialty Platform % of
Operating Income 6.0% 65% 80%+
ROIC 5.0% 11.3% 15%
Adjusted EPS Growth N/A 37% Double Digit
Expansion
2020 Platinum Vision
PolyOne Corporation Page 89
Platinum Vision: Pathway to Accelerated Growth
Organic
Sales Growth
Margin
Expansion
Share
Repurchases
Acquisitions
PolyOne Corporation Page 90
2006 2010 2014 2020
Driving Toward a Premium Specialty Multiple
6x
4x
Commodity POL
8x
Hybrid
10x
14x+
Mid-Tier
Specialty
Premium
Specialty
M
ul
tip
le
POL
POL
POL
PolyOne Corporation Page 91
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?