https://www.avient.com/sites/default/files/2023-12/Cesa Light Additives for Injection Molding Product Bulletin.pdf
Cesa™ Light Additives for injection molded
applications contain high additive loading to
provide efficient protection against photochemical
degradation.
BENEFITS
• High additive loading for optimal UV
stabilization
• Solutions available for a large number of
injection molded polymers including PP, PE,
PS, HIPS, ABS, SAN, PA (nylon), PBT, Co-PET, PC,
POM and TPU
• Can be combined with colors and other
additives in Smartbatch™ solutions
• Formulations can be customized to meet
specific regulatory compliance, e.g., EU and US
food contact, toy, UL 94 recognition
PRODUCT BULLETIN
Copyright © 2023, Avient Corporation.
Samples containing Cesa Light Additives
(CC01, CC02, CC03) showed limited Delta b (Db)
variations, while the non-UV stabilized sample
showed a high Db variation and visual yellowing.
https://www.avient.com/sites/default/files/resources/SynPlicity%25201000%2520Product%2520Bulletin.pdf
PRODUCT BULLETIN
SynPlicity™ 1000
Cosmetic Ester
PRODUCT DESCRIPTION
Compelled by public regulation and private
safety concerns, cosmetic companies that
have historically used fast gelling, high
solvating plasticizers are reformulating
their products with bio-derived and
non-phthalate chemistries.
SynPlicity™
1000 cosmetic ester can help you achieve
plasticizer usage levels and performance
characteristics comparable to DBP, BBP
and other high solvating plasticizers with
a 94% bio-based, non-phthalate alternative.
KEY CHARACTERISTICS
• High solvating
• Non-phthalate
• Bio-based (derived from soybean oil)
• Low viscosity
• Low odor
• Added flexibility and increased durability
• INCI listed as Methyl Epoxidized Soyate
www.polyone.com
Copyright © 2016, PolyOne Corporation.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Proxy%2520Statement%25202016.pdf
The Compensation Committee uses an independent consultant to help assess
compensation practices that impact Named Executive Officer compensation.
The Company has been highly effective at driving margin growth in the transformation of
PolyOne to a high performing global specialty company.
In setting the applicable target levels, the Compensation
Committee considered how achievement of the performance goals could be impacted by events expected to occur in
the coming years.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Investor%2520Day%25205-18-15.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
Our ability to realize anticipated savings and operational benefits from the realignment of assets, including the planned closure of certain 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 and 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 companies into our operations, retain the management teams of acquired companies and retain relationships
with customers of acquired companies including, without limitation, Spartech Corporation and Accella Performance Materials;
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 materials in jurisdictions where we conduct
business;
Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online in the industries in which we participate;
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 regular quarterly cash dividends and the amounts and timing of any future dividends;
The amount and timing of repurchases of our common shares, if any;
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
The above list of factors is not exhaustive.
We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
Garratt
Senior Vice President, President of
Performance Products & Solutions
John Midea
Senior Vice President,
Global Operations & Process
Improvement
Mark Crist
Senior Vice President, President of
PolyOne Distribution
Cathy Dodd
Vice President, Marketing
Chris Murphy
Vice President, Research & Development,
Chief Innovation Officer
Kurt Schuering
Vice President, Global Key Account
Management
The Leaders Behind the Team
PolyOne Corporation Page 8
Commodity to Specialty Transformation
• Volume driven,
commodity producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2014 2015 and beyond
• 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
• Substantial EPS growth
from $0.13 to all-time
high of $1.80
• Shift to faster growing,
high margin, less
cyclical end markets
• Key acquisitions propel
current and future
growth, as well as
margin expansion
• Specialty mix expands
to 65% of Operating
Income – strongest mix
of earnings in history
• Accelerating growth
• Deliver consistent
double digit annual
EPS growth
• Maintain >35% vitality
index
• Pursue strategic
acquisitions that
expand specialty
offerings and
geographic breadth
• Invest and grow
current and next
generation talent
PolyOne Corporation Page 9
2006 2014
“Where we were” “Where we are”
Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 14.7%
Global Specialty Engineered Materials 1.1% 12.1%
Designed Structures & Solutions 1.4%(2012) 7.3%
Performance Products & Solutions 5.5% 7.7%
Distribution 2.6% 6.1%
Specialty Platform % of
Operating Income 6.0% 65%
ROIC 5.0% 11.3%
Adjusted EPS Growth N/A 37%
Proof of Performance
PolyOne Corporation Page 10
2%
34% 43% 62% 65%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2014
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
Old
PolyOne
Mix Shift Highlights Specialty Transformation
New
PolyOne Transformation
Specialty OI $5M $46M $87M $195M $242M
*Operating Income excludes corporate charges and special items
PolyOne Corporation Page 11
2014 2015 Target
“Where we are” (Est. in 2012)
Operating Income %
Specialty:
Global Color, Additives & Inks 14.7% 12 – 16%
Global Specialty Engineered Materials 12.1% 12 – 16%
Designed Structures & Solutions 7.3% 8 – 10%
Performance Products & Solutions 7.7% 9 – 12%
Distribution 6.1% 6 – 7.5%
Specialty Platform % of
Operating Income 65% 65 – 75%
ROIC 11.3% 15%
Adjusted EPS Growth 37% Double Digit
Expansion
Proof of Performance
PolyOne Corporation Page 12
• Sold non-core resin assets – EPS dilutive
• Completed acquisition of Spartech
• Housing starts below 1.25 million units
Single family units 30% below expectations
• Longstanding weakness in Europe, and
decline in Euro
Successfully Navigating Change Since 2012
PolyOne Corporation Page 13
-100%
200%
300%
400%
500%
600%
POL S&P 500
Strategy and Execution Drive Results
$0.12
$0.27
$0.21
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
'06 '07 '08 '09 '10 '11 '12 '13 '14
‘06-‘14 Adjusted EPS CAGR = 40%
Adjusted EPS Share Price vs.
Adjusted net cash provided by operating activities is calculated as follows:
2008Y 2009Y 2010Y 2011Y 2012Y 2013Y 2014Y
Net cash provided by operating activities $ 72.5 $ 229.7 $ 140.8 $ 72.5 $ 106.9 $ 109.0 $ 208.4
Dividends and distributions received from joint ventures (32.9) (36.5) (24.2) (6.0) - - -
Pension Cash Contributions 35.9 28.5 37.5 38.1 68.8 69.8 21.6
Adjusted net cash provided by operating activities $ 75.5 $ 221.7 $ 154.1 $ 104.6 $ 175.7 $ 178.8 $ 230.0
Net debt to adjusted EBITDA is calculated as follows:
Twelve Months Ended
(In millions) December 31, 2011 December 31, 2012 December 31, 2013 December 31, 2014
Short-term portion and current portion of
long-term debt $ 3.0 $ 3.8 $ 12.7 $ 61.8
Long-term debt 704.0 703.1 976.2 962.0
Less: Cash and cash equivalents (191.9) (210.0) (365.2) (238.6)
Net Debt $ 515.1 496.9 623.7 785.2
Income before income taxes $ 168.9 $ 83.3 $ 151.0 $ 88.4
Interest expense, net 33.7 50.8 63.5 62.2
Depreciation and amortization 53.2 65.8 108.8 123.9
Equity income from equity affiliates (5.7) - - -
Special items, impact on income before
income taxes (48.1) 55.1 46.3 164.9
Interest expense included in special items - (1.3) (1.9) -
Accelerated depreciation included in special
items - - (12.7) (23.1)
Adjusted EBITDA $ 202.0 $ 253.7 $ 355.0 $ 416.3
Net Debt/Adjusted EBITDA 2.6 2.0 1.8 1.9
Investor Day - May 18 2015 r11
Investor Day - May 18 2015
POL IR Presentation - Investor Day - 5_13_15 Master Version WEBSITE
Investor Day
Forward-Looking Statements
Use of Non-GAAP Measures
Agenda
Introduction��
Slide Number 6
The Leaders Behind the Team
Commodity to Specialty Transformation
Proof of Performance
Mix Shift Highlights Specialty Transformation
Proof of Performance
Successfully Navigating Change Since 2012
Strategy and Execution Drive Results
Well Positioned for Accelerated Growth
Global Color, Additives & Inks��
At a Glance
A Case Study for Transformational Success
Slide Number 18
Accelerating Growth
Who We Are Growing With
Innovation Pipeline Potential
Megatrends Aligned with Key End Markets
Key Initiatives
Platinum Vision
Summary
Global Specialty Engineered Materials��
What We Do
At a Glance
A Case Study for Transformational Success
Slide Number 30
Accelerating Growth
Who We Are Growing With
Innovation Pipeline Potential
Megatrends Aligned with Key End Markets
Key Initiatives
Platinum Vision
Summary
�Designed Structures and Solutions��
At a Glance
Early Progress
A Lot of Work Remains with Tremendous Upside Potential
Innovating with Cross-Business Unit Technologies
Who We Are Growing With
Key Initiatives
Platinum Vision
Summary
Performance Products and Solutions��
At a Glance
What We Have Delivered
Slide Number 50
Accelerating Growth
Who We Are Growing With
Geographic Growth Opportunities
Innovation Pipeline Potential
Megatrends Aligned with Key End Markets
Key Initiatives
Platinum Vision
Summary
PolyOne Distribution��
At a Glance
Slide Number 61
What We Have Delivered
Accelerating Growth
Who We Are Growing With
Megatrends Aligned with Key End Markets
Geographic Growth Opportunities
Going Beyond Distribution
Platinum Vision
Summary
Financial Highlights��
Who We Are Growing With
2014 Awards and Recognitions
2014 Financial Highlights
Proof of Performance & 2015 Targets
Ours is Not a Cost Cutting Story
Financial Strength
Financial Flexibility
Cash to Generate Value
Slide Number 79
Slide Number 80
2020 Platinum Vision��
PolyOne Core Values
Confirmation of Our Strategy
Strategy and Execution Drive Results
Formula for Success
Track Record of Successful Acquisitions
Driving Toward Premier Profitability
2020 Platinum Vision
Platinum Vision: Pathway to Accelerated Growth
Driving Toward a Premium Specialty Multiple
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2023-11/LFT for Bicycles Application Graphic.pdf
REDUCED WEIGHT
40–50% weight reduction
when switching from metal,
portability
SOLUTION: Long carbon
fiber reinforced composites
SUSTAINABILITY
PIR/PCR content incorporation
SOLUTION: Recycled content
long fiber thermoplastics
STRENGTH
IN EXTREME
ENVIRONMENTS
High strength-to-weight ratio,
high and low temperature
performance
SOLUTION: Long carbon
fiber reinforced composites
CORROSION
RESISTANCE
Metal replacement, eliminate
secondary operations, slow
moisture uptake
SOLUTION: Moisture resistant
long fiber reinforced nylons
ELECTRIFYING
STRENGTH
Ignite a passion for exploration and push
the boundaries of durability with long
fiber thermoplastic technology for bikes,
engineered to excel in extreme challenges!
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-custom-pa-grade-heat-shield-component.pdf
AUTOMOTIVE OEM
H E A T S H I E L D C O M P O N E N T F O R
L E D H E A D L A M P
• The material needed to solve a hot spot issue
• A PA based grade
• High thermal conductivity - 20 W/mK
• Electrically conductive
• Improved the parts long-term outdoor
performance
• Improved processability compared to high
temperature plastics, reducing tooling costs
• Reduced part weight by 37% than the previous
metal part, providing the customer with a more
economical solution
Customized PA based grade
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-07/Nymax REC - Battery Frame - Case Study Snapshot.pdf
BOS
B A T T E R Y S F R A M E
• Recycled materials where possible
• Non-halogen flame retardant performance to V0 rating
• BOS company color RAL9004 (on visible parts)
• Thermal performance for some parts
• High strength at low thickness for load-bearing parts
• Provided multiple polymer solutions for the battery frame
including recycled nylon, thermoplastic elastomers and
thermally conductive formulations
• Utilized recycled nylon with up to 35% glass fiber content
to provide high strength for load-bearing parts at a low
thickness to minimize weight
• Enabled customer to launch a new innovative battery
system with a modular design for use in multiple
applications – maximizing the working life of the battery
Nymax™ REC Recycled Nylon Formulations and
Therma-Tech™ Thermally Conductive Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-02/complet-lft-snowmobile-engine-bracket.pdf
OFF-ROAD VEHICLE
MANUFACTURER
E N G I N E B R A C K E T
• Exceptional structural properties with extremely high
stiffness and strength across a broad temperature range
(-40 to 160°F)
• Excellent creep resistance and fatigue endurance
• Lower weight with no reduction in performance
• Reduced weight by 40% with zero fatigue
failures during extensive field testing
• Provided technical support to optimize
design for metal-to-composite conversion
• Delivered composite solution with similar
system cost and more robust performance
than failure prone aluminum version
Complēt™ Long Carbon Fiber PA66 Composite
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/compl%C4%93t-long-fiber-reinforced-structural-thermoplastics
Off-road vehicle manufacturer
https://www.avient.com/sites/default/files/2020-03/case-study-colormatrix-impress-rpet-bottle.pdf
Case Study - ColorMatrix Impress rPET Bottle vF PDF
© 2019, All Right Reserved
PolyOne Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
BOTICÁRIO
C O S M E T I C P A C K A G I N G
• Cosmetic bottle packaging colorant designed to help
distinguish product on the shelf
• Compatible with sustainable packaging material to enable
use in rPET technology
• Brand-specified color
• Local material development support
• Achieved brighter color and more brilliant
metallic effect than alternative colorants
• Developed for use in 10% recycled rPET
bottle
• Formulated custom liquid colorant on-site
and matched to brand color standard
ColorMatrix™ Impress™ High Gloss Metallic
Effect Colorants liquid color for bottle
packaging
KEY REQUIREMENTS WHY POLYONE?
https://www.polyone.com/products/polymer-colorants/liquid-color-concentrates/impress-high-gloss-metallic-effect-colorants
https://www.avient.com/sites/default/files/2022-01/PREPERM - Body Scanner - Application Snapshot.pdf
SECURITY EQUIPMENT
MANUFACTURER
B O D Y S C A N N E R
• Replace PMMA based radome material
• Consistent dielectric performance across large sheet/surface area
(4mm thick, 2m high)
• Ultra low losses
• No defects across full surface area
• High resolution imaging to show small illegal objects
• Formulated a custom material to match customer
requirements
• Reduced dielectric loss to 0.0009
• Improved image quality of body scanner with
uniform dielectric performance and exceptionally
low losses
• Enabled scan time of 2 seconds and person
throughput of 400 persons per hour, compared to
100 person throughput of conventional devices
PREPERM™ PPE 260 Formulation
KEY REQUIREMENTS
WHY AVIENT?