https://www.avient.com/sites/default/files/2021-01/virtual-reality-application-bulletin.pdf
DURABILITY
Impact Strength, Rigid or Flexible Materials
SOLUTION: Thermoplastic Elastomers (TPEs),
Thermoplastic Urethanes (TPUs), Copolyester,
Polycarbonate, PC Blends, PMMA, Styrenics,
Nylon (PA), Silicone
SURFACE
PROTECTION
Performance Enhancing
Additives
SOLUTION: Antimicrobial
Additives, Scratch and Mar
Additives
ERGONOMICS
Soft Touch, Easy to Grip
SOLUTION: Thermoplastic
Elastomers (TPEs), Thermoplastic
Urethanes (TPUs), Silicone
TOUGHNESS
Impact Strength, Chemical
Resistance
SOLUTION: PC/Polyester
Blends, Copolyester
WEAR
PERFORMANCE
Wear-Resistance
SOLUTION: Polyester (PET),
Nylon (PA),
Acetal (POM)
DISCOVER.
https://www.avient.com/sites/default/files/2021-03/packaging-solutions-for-film-sheet-product-selection-guide.pdf
As a professional supplier for packaging film and
sheet, Avient offers a wide range of functional
additives for flexible materials, which can be
specifically designed to meet the demanding
requirements for different industries.
KEY CHARACTERISTICS
• Wide range of base resins are used for functional
additives including BOPET, APET, PE, PP and PA.
• Available for different processings, such as film
blowing, tape casting, biaxial stretching and
sheet extrusion
• Suitable for different industries such as food,
beverages, consumer goods and industrial
• Addition rate depends on the specific
requirements and application
• Can be customized to meet customer
requirements for colors
BRANDS
• CESA™
• ColorMatrix™
• HIFORMER™
• OnCap™
• RENOL™
To learn more, please visit avient.com
or call +86 21 28981188
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
& Canada
40%
38%
17%
Q1 2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
18%
23%
Building and
6%Telecommunications
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $846M and $134M, respectively, include intercompany sales eliminations and corporate costs
$537M $91M
$310M $64M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$134M$846M
(1)
9
Q1 2023 SALES BY REGION
Yo Y C H A N G E ( E X C L .
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, 2023
Three Months Ended
March 31, 2022
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to Avient shareholders $ 20.8 $ 0.23 $ 64.4 $ 0.70
Special items, after tax 22.3 0.24 6.4 0.07
Amortization expense, after-tax 15.1 0.16 $ 10.8 $ 0.12
Adjusted net income / EPS $ 58.2 $ 0.63 $ 81.6 $ 0.89
March 31,
Reconciliation of Pro Forma Sales 2023 2022
Sales $ 845.7 $ 892.2
APM pro forma adjustments — 94.9
Pro forma sales $ 845.7 $ 987.1
1
Three Months Ended
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022
Net income from continuing operations – GAAP $ 21.3 $ 64.7
Income tax expense 7.7 20.0
Interest expense, net 28.8 16.9
Depreciation and amortization 50.5 37.6
EBITDA from continuing operations $ 108.3 $ 139.2
Special items, before tax 27.3 6.7
Depreciation and amortization included in special items (1.8) (2.1)
Adjusted EBITDA $ 133.8 $ 143.8
Pro forma APM adjustments — 32.0
Pro forma adjusted EBITDA $ 133.8 $ 175.8
Pro forma adjusted EBITDA as a % of sales 15.8 % 17.8 %
2023 2022
Sales:
Color, Additives and Inks $ 537.0 $ 649.5
Specialty Engineered Materials 309.7 243.1
Corporate (1.0) (0.4)
Sales $ 845.7 $ 892.2
Operating income:
Color, Additives and Inks $ 65.6 $ 94.5
Specialty Engineered Materials 43.1 38.3
Corporate (51.6) (30.6)
Operating income $ 57.1 $ 102.2
Depreciation & amortization:
Color, Additives and Inks $ 25.8 $ 26.0
Specialty Engineered Materials 21.2 7.8
Corporate 3.5 3.8
Depreciation & Amortization $ 50.5 $ 37.6
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 91.4 $ 120.5
Specialty Engineered Materials 64.3 46.1
Corporate (48.1) (26.8)
Other income (expense), net 0.7 (0.6)
EBITDA $ 108.3 $ 139.2
AVNT Q1 2023 Earnings Presentation v2
AVNT Q1 2023 Earnings Presentation
5.2 221pm IR Deck - AVNT-2023.03.31 (002).pdf
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Goldman%2520Basic%2520Materials%2520Conference.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.
4 POLYONE CORPORATION
What We Do
Value
Formulation
Expertise Inputs
Base resins
Additives
Modifiers
Pigments
Expertise in
Polymer
Materials,
Services and
Solutions
OEMs
Brand Owners
Processers
Assemblers
Driving customer value with specialty products & services
Service
InVisiOSM Color
Services
IQ Design Labs
LSS Customer
First
POLYONE CORPORATION 5
2016 Revenue ($3.3 Billion) by Segment
At a Glance
United
States
65%
Canada
8%
Europe
12%
Asia
8%
Latin
America
7%
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.13
2009 2010 2011 2012 2013 2014 2015 2016
2016 Revenue by Geography
2016 Revenue by End Market
Appliance
5%
Building &
Construction
11%
Industrial
15%
Electrical &
Electronics
5%
Consumer
11%
Healthcare
11% Packaging
12%
Textiles
2%
Transportation
19%
Wire &
Cable
9%
Adjusted Earnings Per Share
Performance
Products &
Solutions
19%
PolyOne
Distribution
31%
Designed
Structures
& Solutions
11% Specialty
Engineered
Materials
16%
Color
Additives
and Inks
23%
6 POLYONE CORPORATION
2%
43%
80%
0%
20%
40%
60%
80%
100%
2005 2010 1Q 2017
%
o
f O
pe
ra
tin
g
In
co
m
e*
*Operating Income excludes corporate charges and special items **LTM 1Q 2017
Specialty OI $5M $87M $274M**
Mix Shift Highlights Specialty Transformation
JV’s Performance Products & Solutions
Specialty Mix Distribution
7 POLYONE CORPORATION
2006 1Q 2017 2020
“Where we were” “Where we are” Platinum Vision
Operating Income % of Sales
Color, Additives & Inks 1.7% 16.6% 20%+
Specialty Engineered Materials 1.1% 14.8% 20%+
Performance Products & Solutions 5.5% 12.0% 12 – 14%
Distribution 2.6% 6.5% 6.5 – 7.5%
Designed Structures & Solutions N/A -3.2% 8 – 10%
ROIC* 5.0% 12.6% 15%
Proof of Performance & 2020 Platinum Vision
*ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period
Consistently Deliver Double Digit Annual EPS Growth
8 POLYONE CORPORATION
Returning Cash to Shareholders
$0.16
$0.20
$0.24
$0.32
$0.40
$0.48
$0.54
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
2011 2012 2013 2014 2015 2016 2017
Annual Dividend*
Since 2011, we have returned nearly $900 million to shareholders
$167 million returned through dividends
$731 million returned through share repurchases
*Initiated in 2011
$0
$150
$300
$450
$600
$750
2011 2012 2013 2014 2015 2016 1Q
2017
Cumulative Share Repurchases
(in millions)
$731M
9 POLYONE CORPORATION
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales,
marketing, and
technical capabilities
Investing in operational
and LSS initiatives
~60 - 70% of capital
expenditures fund
growth initiatives Organic
Growth
Acquisitions
Share
Repurchases
Dividends Targets that expand
our:
• Specialty offerings
• End market
presence
• Geographic breadth
Growth synergies
Adjacent material
solutions
Repurchased 1.0
million shares in Q1
2017
Repurchased 19.8
million shares since
early 2013
7.5 million shares are
available for
repurchase under the
current authorization
Increased annual
dividend by 12.5% to
$0.54 per share,
representing the sixth
consecutive year of
dividend growth
POLYONE CORPORATION 10
2,883
2,538
2006 2016
Volume
(lbs in millions)
-12%
$103
$200
2006 2016
Commercial, R&D
and Marketing
Spending ($M)
+95%
$88
$317
2006 2016
Adjusted
Operating Profit ($M)
+263%
Ours is Not a Cost Cutting Story
11 POLYONE CORPORATION
Primary Industries Served
2016 Revenue: $3.3 Billion
Appliance
5%
Electrical &
Electronic
5%
Building &
Construction
11%
Industrial
15%
Wire & Cable
9%
Healthcare
11%
Consumer
11%
Packaging
12%
Transportation
19%
Focus End Markets
12 POLYONE CORPORATION
Innovation Drives Earnings Growth
*Specialty Platform revenue from products introduced in last five years
$20
$54
2006 2016
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14%
33%
2006 2016
CAI & SEM
Gross Margin
12%
42%
2006 2016
Target ≥ 35%
Innovation Pipeline Potential
POLYONE CORPORATION 13
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
Segment Highlights
At a Glance: Color, Additives & Inks
At a Glance: Specialty Engineered Materials
At a Glance: Designed Structures & Solutions
At a Glance: Performance Products & Solutions
At a Glance: Distribution
Target End Markets &�Application Examples
Slide Number 21
Slide Number 22
Slide Number 23
Slide Number 24
Luxury Packaging�with Gravitech Density Modified Polymers
Optimize Color Usage�with OnColor Super Concentrates
Combat Bacteria Formation�with WithStand Antimicrobial Technology
Medical Device Housings�with Chemically Resistant Engineered Polymers
Color & Design Services
Outdoor Applications
Fiber Colorants�Solutions for clothing, apparel, footwear, automotive & sporting goods
High-Barrier Packaging Containers
Smart Home Devices�with Resilience Vinyl Solutions
Investor Presentation Non-GAAP Rec - May 2017 r2
Investor Presentation - May 2017
https://www.avient.com/sites/default/files/resources/POL%2520BofA%2520Basic%2520Materials%2520IR%2520Presentation%2520w%2520non-GAAP%252012%252011%25202013.pdf
In addition, operating income
before special items and adjusted EPS are components of various PolyOne
annual and long-term employee incentive plans
Platform sales and operating income (OI) 2006Y*
YTD 2013
Organic’ Acquisitions**
YTD 2013’
Consolidated
Global Specialty Engineered Materials Sales $ 345.3 $ 427.2 $ 113.6 $ 540.8
Global Color, Additives and Inks Sales 531.8 608.0 45.7 653.7
Designed Structures and Solutions Sales - - 428.2 428.2
Specialty Platform Sales $ 877.1 $ 1,035.2 $ 587.5 1,622.7
Performance Products and Solutions Sales 1,166.2 473.6 39.2 512.8
PolyOne Distribution Sales 732.8 818.1 - 818.1
Corporate and eliminations (153.7) (106.0) - (106.0)
Total Sales $ 2,622.4 $ 2,220.9 $ 626.7 $ 2,847.6
Global Specialty Engineered Materials OI $ 3.9 $ 46.1 $ 2.1 $ 48.2
Global Color, Additives and Inks OI 8.9 78.0 5.4 83.4
Designed Structures & Solutions OI - - 21.4 21.4
Specialty Platform OI $ 12.8 $ 124.1 $ 28.9 $ 153.0
Performance Products and Solutions OI 64.2 38.1 3.7 41.8
PolyOne Distribution OI 19.2 49.7 - 49.7
Sunbelt Joint Venture OI 102.9 - - -
Corporate and eliminations (4.6) (39.5) - (39.5)
Special items in OI 39.1 (22.2) - (22.2)
Operating income GAAP $ 233.6 $ 150.2 $ 32.6 $ 182.8
Sunbelt equity income (107.0) - - -
Special items in OI (39.1) 22.2 - 22.2
Operating income adjusted $ 87.5 $ 172.4 $ 32.6 $ 205.0
Global Specialty Engineered Materials - OI % of sales 1.1% 10.8% 1.8% 8.9%
Global Color, Additives and Inks - OI % of sales 1.7% 12.8% 11.8% 12.8%
Designed Structures & Solutions - OI % of sales - - 5.0% 5.0%
Specialty platform OI - % of sales 1.5% 12.0% 5.0% 9.4%
PP&S operating OI - % of sales 5.5% 8.0% 9.4% 8.2%
Distribution OI - % of sales 2.6% 6.1% - 6.1%
PolyOne OI adjusted - % of sales 3.3% 7.8% 5.2% 7.2%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Spartech and Glasforms results for the nine months ended September 30, 2013.
Three Months Ended
‘’’’’September 30,
Platform operating income “””””””2013 2012 (a)
Global Specialty Engineered Materials $ 15.7 $ 13.1
Global Color, Additives and Inks 28.7 18.6
Designed Structures and Solutions 10.9 –
Specialty Platform 55.3 31.7
Performance Products and Solutions 14.3 12.3
PolyOne Distribution 16.6 16.4
Corporate and eliminations (24.6) (16.9)
Operating income $ 61.6 $ 43.5
(a) Adjusted to reflect the resins business as a discontinued operation.
https://www.avient.com/sites/default/files/2022-11/Packaging Anti-fog Whitepaper.pdf
In addition, laboratory
tests indicate that these additives produce anti-
fog properties at a slightly faster rate than other
additive solutions.
In addition,
these films contain an anti-fogging additive
specially formulated not to compromise any of this
easy-peel functionality.
Thirdly, the additive must meet all relevant food
contact approvals.
https://www.avient.com/sites/default/files/2022-06/Fiber Optic Cable Interactive PDF_0.pdf
SOLUTIONS FOR FIBER OPTIC CABLE
Engineered Fibers, Color & Additives, Specialty Engineered Materials
BINDER YARN
Flat, low-profile
Highly absorbent (up to 65x its weight)
BUFFER TUBE SWELLABLE YARN
Cleaner than gel
Highly absorbent
WATER SWELLABLE FRP
Non-corrosive, non-conductive,
No flaking or shedding
Overcoat and upjacketing available
STRENGTH MEMBER
Aramid or fiberglass yarn
Processes cleanly with minimal dust
UNDER-SHEATH RIPCORD
Swellable, non-wicking
Available in colors for easy identificationLASER MARKING ADDITIVES
Provide good contrast in black outer
jacket for outdoor exposure
JACKET
Color formulations for PVC, PE, TPU, TPC
UV protective additives
Non-halogenated colors for LSFOH
LSFOH UV formulations for high flame
retardancy, chemical and UV resistance, low COF
TPE
Polyamide, custom polyolefins
LOOSE TUBES, TIGHT BUFFERS AND
MICRO-MODULES
LSFOH UV formulations for improved processing
speeds, strippability & gel resistance
Customized formulations:
PBT
PP
TPE
Color formulations for polyamide, PBT, LSFOH , TPE,
TPC (Thermoplastic Copolyester)
Laser marking additives
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/ripcords-fiber-optic-cable
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/water-blocking-absorbing-yarn
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/water-blocking-absorbing-yarn
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/fiber-reinforced-polymer
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/strength-members
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/ripcords-fiber-optic-cable
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-laser-marking-additives
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives/oncap-uv-stabilizer-additives
https://www.avient.com/products/thermoplastic-elastomers/onflex-thermoplastic-elastomers
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/bergadur-polyester-formulations
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations
https://www.avient.com/products/thermoplastic-elastomers/onflex-thermoplastic-elastomers
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-laser-marking-additives
https://www.avient.com/sites/default/files/2020-09/oncap-anti-fog-product-bulletin.pdf
Anti-fog additives consistently prevent
condensation.
There is no restriction on the use of anti-fog
additives in food contact applications.
No Specific
Migration Limit applies to these additives.
https://www.avient.com/sites/default/files/2025-02/News Release - AVNT-2024.12.31-News Release 2.12.25 2PM_0.pdf
We grew organic
sales in each of the regions with both our Color, Additives and Inks and Specialty Engineered
Materials segments growing at 3% and 6%, respectively, while expanding adjusted EBITDA
margins 90 and 110 basis points, respectively, over 2023.”
Our expanding portfolio of offerings includes colorants,
advanced composites, functional additives, engineered materials, and Dyneema®, the world’s
strongest fiber™.
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.
https://www.avient.com/sites/default/files/2025-05/Cesa Stat Pet Food Packaging Case Study Snapshot.pdf
FLEXIBLE PACKAGING
COMPANY
P E T F O O D P A C K A G I N G
• Incorporate an antistatic additive into pet food packaging
to dissipate static in hot and dry environments
• Improve efficiency within a robotic packaging process
• Support extended packaging shelf life
• Leveraged technical expertise in packaging
additives to identify a suitable formulation
for static dissipation in harsh environments
• Provided a customized and effective
antistatic additive solution that
complemented the automated packaging
process while providing added durability and
protection to extend shelf life
Cesa Stat Antistatic Additives
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-stat-antistatic-additives
Slide 1: Flexible packaging company