https://www.avient.com/sites/default/files/2021-10/microbial-susceptibility-of-various-polymers-and-evaluation.pdf
In this
study, a variety of plastic substrates (30 unique polymer compounds), including
poly(acrylonitrile-co-butadiene-co-styrene), poly(butylene terephthalate),
poly(etherimide), various thermoplastic elastomers (TPEs), poly(carbonates), and
poly(amides), were screened for susceptibility to microbial attack using American
Society for Testing and Materials (ASTM) G21 (fungi susceptibility), Japanese
Industrial Standard (JIS) Z2801, and modified ASTM E1428-15a (bacterial suscep-
tibility) test standards.
Samples were prepared via extrusion utilizing a
Leistritz ZSE 27 mm co-rotating twin-screw extruder
(Leistritz Advanced Technologies Corp., Nuremberg,
Germany), followed by injection molding of 5 � 600
(12.7 � 15.24 cm) plaques, 0.12500 (3.175 mm) thickness
using a Milacron™ Roboshot™ S2000i.1 For antimicro-
bial testing, specified test specimens were prepared from
the aforementioned plaques.
Control samples (top row) are shown for comparison to samples post-incubation and washing (bottom row)
TABLE 1 Summary of ASTM G21 results for initial
susceptibility screening of untreated resins/compounds
Fungal growth Resin/compound
4 = Heavy growth (61%–
100% coverage, fail)
TPE, 6 formulations
3 = Moderate growth
(31%–60% coverage,
fail)
Poly(urethane), 2 formulations
2 = Light growth (11%–
30% coverage, fail)
Nylon-6,10, PBT, poly(amide)
elastomer, ABS, 3 formulations,
reinforced Nylon, 2 formulations
1 = Trace growth (
https://www.avient.com/resources/safety-data-sheets?page=5350
MC-17200PP PMS 293C ROYAL BLUE FDA CO-PP
MC-17206PP PMS 285C FDA BLUE CO-PP
https://www.avient.com/investor-center/news/avient-announces-agreement-acquire-dsm-protective-materials-dyneema-and-plans-explore-sale-distribution
per share on a pro forma basis for 2022.
The non-GAAP financial measures include estimated 2022 Dyneema business and Composites Platform pro forma EBITDA.
https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
Revenue grew 27% and adjusted EPS (pro forma for the Clariant Color
acquisition) increased 58% to $3.05 in 2021.
She joined Dow in 2009 as
Global General Manager, Performance Materials and President and Chief
Executive Officer of ANGUS Chemical Co.
Grace & Co
https://www.avient.com/sites/default/files/resources/POL%2520Sidoti%2520IR%2520Presentation%2520w%2520Non%2520GAAP%25203%252018%25202014.pdf
In certain cases throughout this presentation, we
have presented GAAP and non-GAAP financial measures adjusted to reflect full-
year 2012 Pro forma results, including Spartech and Glasforms and excluding
discontinued operations
Use of Non-GAAP Measures
Page 3
PolyOne Commodity to Specialty Transformation
Page 4
• Continue specialty
transformation
• Targeting $2.50
Adjusted EPS by
2015, nearly
double 2013 EPS
• Drive double digit
operating income
and adjusted EPS
growth
• 17 consecutive
quarters of double-
digit adjusted EPS
growth
• Shift to faster
growing, high
margin, less cyclical
end markets
• Key acquisitions
propel current and
future growth, as
well as margin
expansion
• Established
aggressive 2015
targets
• Steve Newlin
Appointed,
Chairman, President
and CEO
• New leadership
team appointed
• Implementation of
four pillar strategy
• Focus on value
based selling,
investment in
commercial
resources and
innovation to drive
transformation
• Volume driven,
commodity
producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2013 2014 and beyond
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
PolyOne S&P 500 Russell 2000 Dow Jones Chemical
All time high of
$38.38
March 7th, 2014
• 17 consecutive quarters of
double digit EPS growth
• 49% CAGR adjusted EPS
expansion 2006-2013
• 2013 stock price increased
73% versus 30% growth in the
S&P
• More than seven fold increase in
market cap: $0.5b $3.6b
Strategy and Execution Drive Results
Page 5
Appliance
4%
Building &
Construction
13%
Wire & Cable
9%
Electrical &
Electronics
5%
Consumer
10%Packaging
16%
Industrial
12%
HealthCare
11%
Transportation
18%
Misc.
2%
United
States
66%
Europe
14%
Canada
7%
Asia
6%
Latin
America
7%
PP&S
20%
Specialty
53%
Distribution
27%
0.12
0.27 0.21
0.13
0.68
0.82
1.00
1.31
2.50
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
2006 2007 2008 2009 2010 2011 2012 2013 2015
Target
A
dj
us
te
d
Ea
rn
in
gs
P
er
S
ha
re
2013 Revenues: $3.8 Billion
End Markets
2013 Revenues: $3.8 Billion
EPS
Page 6
PolyOne
At A Glance
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
2%
34%
43%
62%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2015
%
o
f O
pe
ra
ti
ng
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
Specialty OI $5M $46M $87M $195M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 7
2006 2013 2015
“Where we were” “Where we are” Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.2% 12 – 16%
Global Specialty Engineered
Materials 1.1% 9.3% 12 – 16%
Designed Structures & Solutions -- 5.6% 8 – 10%
Performance Products &
Solutions 5.4% 7.2% 9 – 12%
Distribution 2.6% 5.9% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 62% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.1% 15%
4) Adjusted EPS Growth N/A 31%
Double Digit
Expansion
Proof of Performance & 2015 Goals
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 8
Bridge To $2.50 Adjusted EPS By 2015
2015 EPS: $2.50
2013 EPS: $1.31
Mid single digit
revenue CAGR
Page 9
Mergers & Acquisitions
Spartech accretion
Incremental share buybacks
Ongoing LSS Programs
(50-100 bps/yr)
Accelerated Innovation &
Mix Improvement
Innovation Drives Earnings Growth
$20.3
$52.3
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
Page 10
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
Healthcare
Consumer
Packaging and Additive Technology
Transportation
Page 11
Unique and Innovative Solutions that Help
Customers Win
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/uD3p_bdglP/Presentation revise pics/GLS Beverage can closure XO 2.jpg
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/-YgkycKypw/Anti-Counterfeiting release & images/GN1979.JPG
Net Debt / EBITDA* = 1.8x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of December 31, 2013
($ millions)
Page 12
Coupon Rates: 7.500% 7.375% 5.250%
Debt Maturities & Pension Funding – 12/31/13
*TTM 12/31/2013 ** includes US-qualified plans only
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2013
Pension Funding**
As of December 31, 2013
Free Cash Flow and Strong Balance Sheet Fund Investment
• Targets that expand our:
• Specialty offerings
• End market presence
• Geographic footprint
• Operating Margin
• Synergy opportunities
• Adjacent material solutions
• Expanding our sales,
marketing, and technical
capabilities
• Investing in operational and
LSS initiatives (including
synergy capture)
• Manufacturing alignment Organic
Growth
Share
Repurchases
Dividends
Acquisitions
Page 13
$0.16
$0.20
$0.24
$0.32
$0.00
$0.10
$0.20
$0.30
$0.40
2011 2012 2013 2014
Annual Dividend
• Repurchased ~5 million
shares in 2013
• 15 million shares
are available for
repurchase under
the current
authorization
The New PolyOne: A Specialty Growth Company
2015 Target: $2.50 Adjusted EPS
Why Invest In PolyOne?
https://www.avient.com/investors/events-presentations?page=5
Avient Recast Pro Forma Financial Information (incl.
PolyOne IR Presentation - Gabelli & Co Specialty Chemicals Conference - 3/13/2018
https://www.avient.com/investors/events-presentations?page=0
Avient Recast Pro Forma Financial Information (incl.
PolyOne IR Presentation - Gabelli & Co Specialty Chemicals Conference - 3/13/2018
https://www.avient.com/investors/events-presentations?page=1
Avient Recast Pro Forma Financial Information (incl.
PolyOne IR Presentation - Gabelli & Co Specialty Chemicals Conference - 3/13/2018
https://www.avient.com/investors/events-presentations?page=11
Avient Recast Pro Forma Financial Information (incl.
PolyOne IR Presentation - Gabelli & Co Specialty Chemicals Conference - 3/13/2018
https://www.avient.com/investors/events-presentations?page=10
Avient Recast Pro Forma Financial Information (incl.
PolyOne IR Presentation - Gabelli & Co Specialty Chemicals Conference - 3/13/2018