https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520KeyBanc%2520Conference%2520w%2520nonGAAP.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.
S&P 500 -150% -50% 50% 150% 250% 350% 450% 550% POL S&P 500 All time high of $43.34 July 1st, 2014 PolyOne Corporation Page 9 2006 2014 YTD 2015 “Where we were” “Where we are” Target 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 15.2% 12 – 16% Global Specialty Engineered Materials 1.1% 11.8% 12 – 16% Designed Structures & Solutions -- 7.1% 8 – 10% Performance Products & Solutions 5.5% 8.0% 9 – 12% Distribution 2.6% 6.0% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 66% 65 – 75% 3) ROIC* 5.0% 9.9% 15% 4) Adjusted EPS Growth N/A 40% 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 (Est. in 2012) PolyOne Corporation Page 10 Bridge to $2.50 Adjusted EPS by 2015 2015 EPS: $2.50 2013 EPS: $1.31 Continued Gross Margin Expansion Mergers & Acquisitions Spartech Accretion Incremental Share Buybacks Ongoing LSS Programs (50-100 bps/yr) Accelerated Innovation & Mix Improvement Several Levers to Drive Growth Mid Single Digit Revenue CAGR PolyOne Corporation Page 11 Innovation Drives Earnings Growth *Percentage of Specialty Platform revenue from products introduced in last five years $20 $53 2006 2013 Research & Development Spending ($ millions) Specialty Platform Vitality Index Progression* 14.3% 30.7% 2006 2013 Specialty Platform Gross Margin % 19.5% 43.0% 2006 2013 Specialty Vitality Index Target ≥ 35% PolyOne Corporation Page 12 Prototype Frame Opportunity Scale-up & Test Market Build Business Case Commercial Launch Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 4 11 5 10 6 9 3 4 2 15 9 1 10 4 Breakthrough Platform Derivative A Rich Pipeline of Opportunity* Number of Projects 25 14 19 17 18 93 Addressable Market ($ millions) TBD TBD $800 $450 $450 $1,700 *Pipeline as of May 29, 2014 as presented during our Innovation Day PolyOne Corporation Page 13 Megatrends Aligned with Key End Markets Decreasing Dependence on Fossil Fuels Protecting the Environment Improving Health and Wellness Megatrend End Markets Globalizing and Localizing Health & Wellness Transportation Packaging Consumer PolyOne Corporation Page 14 60% 100% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 2014 Pension Funding** As of June 30, 2014 Debt Maturities & Pension Funding – 6/30/14 Net Debt / EBITDA* = 1.8x $48 $317 $600 $0 $100 $200 $300 $400 $500 $600 $700 $800 2015 2020 2023 Debt Maturities As of June 30, 2014 ($ millions) Coupon Rates: 7.500% 7.375% 5.250% ** includes US-qualified pension plans only *TTM 6/30/2014 PolyOne Corporation Page 15 Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return $0.16 $0.20 $0.24 $0.32 $0.10 $0.20 $0.30 $0.40 2011 2012 2013 2014 Annual Dividend Expanding our sales, marketing, and technical capabilities Targets that expand our: • Specialty offerings • End market presence • Geographic footprint • Operating Margin Synergy opportunities Adjacent material solutions Repurchased 1.8 million shares in Q2 2014 Repurchased 8.2 million shares since early 2013 11.8 million shares are available for repurchase under the current authorization Organic Growth Acquisitions Share Repurchases Dividends Investing in operational and LSS initiatives (including synergy capture) Manufacturing alignment PolyOne Corporation Page 16 PolyOne Core Values Innovation Collaboration Excellence PolyOne Corporation Page 17 The New PolyOne: A Specialty Growth Company Why Invest In PolyOne?
Platform operating income mix percentage 2005Y* 2008Y* 2010Y* 2013Y 2014 Q2 Global Color, Additives and Inks $ 4.3 $ 28.1 $ 37.7 $ 104.0 $ 68.1 Global Specialty Engineered Materials 0.4 17.6 49.7 57.2 37.2 Designed Structures and Solutions - - - 33.4 24.1 Specialty Platform $ 4.7 $ 45.7 $ 87.4 $ 194.6 $ 129.4 Performance Products and Solutions 75.7 31.3 54.0 56.0 33.6 Distribution 19.5 28.1 42.0 63.3 34.5 Joint ventures 91.9 28.6 18.9 - - Corporate and eliminations (51.5) (425.1) (27.7) (82.4) (91.7) Operating income (loss) GAAP $ 140.3 $ (291.4) $ 174.6 $ 231.5 $ 105.8 Less: Corporate operating expense 51.5 425.1 27.7 82.4 91.7 Operating income excluding Corporate $ 191.8 $ 133.7 $ 202.3 $ 313.9 $ 197.5 Specialty platform operating mix percentage 2% 34% 43% 62% 66% * Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Circular Economy 2022.pdf
By 2040, a circular economy has the potential to reduce the annual volume of plastics entering our oceans by 80%, reduce greenhouse gas emissions by 25%, generate savings of $200 U.S. dollars per year and create 700,000 net additional jobs..
In addition, one of the largest comparative studies on the impact of implementing a circular economy demonstrated a positive effect on employment, in part due to new jobs in recycling and remanufacturing.
Solutions that Support the Circular Economy REDUCED ENERGY USE CESA™ Dry Additives CESA™ Release Additives OnCap™ CTR Process Optimization ColorMatrix™ Joule™ & Smartheat™ Infrared Absorber Specialty Low Cure Inks SiteCool™ Infrared Absorption Technologies BIO-DERIVED CONTENT reSound™ OM Bio-Derived Thermoplastic Elastomers reFlex™ Bio-Derived Plasticizer OnCap™ Bio Additives OnColor™ Bio Colorants reSound™ Natural Fiber Reinforced Formulations LIGHTWEIGHTING Glasforms™ Pultrusion Technologies Polystrand™ Continuous Fiber Composites IMPROVED RECYCABILITY CESA™ IR Black Additives CESA™ Extend Additives ColorMatrix™ Lactra™ SX Light Blocking Additive for PET ColorMatrix™ Ultimate™ UV Light Barrier ColorMatrix™ Capture™ Oxygen Scavenger for PET ColorMatrix™ Triple A™ Acetaldehyde Scavenging Additives ColorMatrix™ Reprize™ IV Builder for PET OnColor™ IR Sortable Black for Recyclable Packaging Bergadur™ Post-Industrial Recycled Content Polyester Formulations Nymax™ PIR Post-Industrial Recycled Nylon Formulations Maxxam™ FR Flame Retardant Polyolefin Formulations Predictions Gartner predicts circular economies will replace linear economies in 10 years, noting that supply chain leaders must adapt to circular models in order to keep up in a marketplace with a growing emphasis on sustainability.
https://www.avient.com/sites/default/files/2021-05/avnt-tpe-beginner-guide-fin.pdf
Can you color TPEs?
Can you color TPEs?
Not surprisingly, the healthcare market has additional regulatory requirements for those creating medical products and devices.
https://www.avient.com/sites/default/files/2023-06/AVIENT_TPEs and LSR eBook.pdf
Colorants added in the mixing phase of the manufacturing process can generate transparent, translucent or opaque colors.
Liquid colorants will produce transparent, translucent and tinted color.
Solid colorants are better for generating highly opaque colors—including metallic, pearlescent and glow-in-the- dark colors—or patterns and effects, like marbling, wood or camouflage.
https://www.avient.com/sites/default/files/2020-07/tpes-for-healthcare-industry-bulletin.pdf
Additional specialty grades span a wide durometer range and are formulated without animal derivatives for use in a broad range of applications.
VERSAFLEX™ HC MEDICAL TUBING SERIES • Improve extrusion rates, achieve high service temperature performance or increase clarity in medical tubing • Meet biopharmaceutical needs for weldability and minimize extractables during processing VERSALLOY™ HC SERIES • Obtain better flow in long, thin paths and lower shrink rates versus typical TPVs with our alloys, made with Santoprene™ TPV • Color easily and obtain a smooth tactile feel VERSAFLEX™ HC GASKETS & STOPPERS SERIES • Achieve no coring, good puncture and resealability in static stoppers • Meet low COF and low stiction requirements in dynamic seals VERSAFLEX™ CL E SERIES • Increase clarity and flexibility in bags, bottles and films • Mitigate risk with plasticizer-free formulations for film extrusion • Deliver excellent odor & O2 barrier performance for film extrusion INDUSTRY BULLETIN TPE HEALTHCARE PRODUCT SELECTOR GUIDE Versaflex™ HC MT Series Versaflex™ HC MT222 Clear 66A 0.88 14 - 334 2.30 629 4.34 898 6.19 430 220 36 ✔ ✔ High clarity, without plasticizersVersaflex™ HC MT224 Clear 75A 0.89 19 - 468 3.23 773 5.33 1360 9.40 530 321 56 ✔ ✔ Versaflex™ HC MT226 Clear 84A 0.88 20 - 606 4.17 885 6.10 1600 11.00 600 433 76 ✔ ✔ Versaflex™ HC MT317 Clear 68A 0.89 17 69 450 3.10 660 4.55 870 6.00 470 221 39 ✔ ✔ Very high service temperature Versaflex™ HC BT218 Natural 67A 0.89 19 69 381 2.60 683 4.70 1186 8.20 608 - - ✔ ✔ Weldable, kink resistant Versaflex™ HC Gaskets & Stoppers Series Versaflex™ HC 2110-35N Natural 34A 0.90 19 47 145 1.00 261 1.80 400 2.76 620 97 17 ✔ ✔ Good resealing Versaflex™ HC 2110-43N Natural 43A 0.98 12 46 134 0.92 368 2.54 723 4.98 710 - - ✔ ✔ Good compression set Versaflex™ HC 2110-57B Black 59A 1.01 20 37 369 2.54 558 3.85 537 3.70 350 147 26 ✔ ✔ Low stiction Versaflex™ CL E Series Versaflex™ CL E85 Clear 84A 0.90 20 72 752 5.18 1160 8.00 1550 10.70 450 433 76 ✔ ✔ High clarity, without plasticizers; E95 also offers excellent odor & O2 barrier Versaflex™ CL E90 Clear 90A 0.90 27 73 1000 6.89 1230 8.50 1830 12.60 57 - - ✔ ✔ Versaflex™ CL E95 Clear 95A 0.90 38 71 1680 11.60 1730 11.90 2500 17.20 580 720 126 ✔ ✔ Versaflex™ HC 3810 Series Versaflex™ HC 3810-20N Natural 20A 0.88 16 54 123 0.80 185 1.30 342 2.40 650 - - ✔ - Formulated without animal derivatives, excellent colorability, translucent Versaflex™ HC 3810-30N Natural 30A 0.89 18 58 170 1.20 245 1.70 459 3.20 680 - - ✔ - Versaflex™ HC 3810-40N Natural 40A 0.88 19 59 191 1.30 275 1.90 506 3.50 670 - - ✔ - Versaflex™ HC 3810-50N Natural 50A 0.89 21 61 264 1.80 366 2.50 699 4.80 690 - - ✔ - Versaflex™ HC 3810-60N Natural 60A 0.88 24 65 459 3.20 594 4.10 790 5.40 510 - - ✔ - Versaflex™ HC 3810-70N Natural 70A 0.88 28 67 535 3.70 684 4.70 1000 6.90 570 - - ✔ - Versaflex™ HC 3810-80N Natural 80A 0.88 30 67 689 4.80 869 6.00 1390 9.60 620 - - ✔ - Versaflex™ HC 3810-90N Natural 90A 0.88 27 89 1087 7.50 1350 9.30 1890 13.00 570 - - ✔ - Versalloy™ HC 9210 Series Versalloy™ HC 9210-45N Natural 45A 0.89 19 39 160 1.10 320 2.20 484 3.33 480 100 18 - ✔ Smooth surface aestheticsVersalloy™ HC 9210-55N Natural 53A 0.89 20 44 208 1.44 335 2.31 580 4.00 610 120 21 - ✔ Versalloy™ HC 9210-70N Natural 70A 0.89 23 53 356 2.45 510 3.52 780 5.38 590 180 32 - ✔ Versalloy™ HC 9220 Series Versalloy™ HC 9220-70 Natural 70A 0.95 17 51 453 3.12 - - 643 4.43 265 208 36 ✔ ✔ ExtrudableVersalloy™ HC 9220-80 Natural 80A 0.94 18 59 553 3.67 777 5.36 945 6.52 415 208 36 ✔ ✔ Versalloy™ HC 9220-90 Natural 90A 0.94 25 55 1030 8.13 1350 9.33 1945 13.45 620 400 70 ✔ ✔ Standard Healthcare Grades Versaflex™ G2705N Natural 60A 0.88 - - - - 528 3.64 670 4.62 470 - - ✔ ✔ Natural, high strength Versaflex™ CL 2242 Clear 43A 0.89 23 - 152 1.05 294 2.02 731 5.00 780 124 22 ✔ ✔ High clarity, boilable Versaflex™ CL 2250 Clear 50A 0.89 20 - 220 1.52 337 2.32 827 5.70 770 140 25 ✔ ✔ Versaflex™ OM Series Versaflex™ OM 1040X Natural 42A 0.92 22 - 180 1.24 301 2.08 504 3.47 580 100 18 ✔ ✔ ABS/PC overmoldVersaflex™ OM 3060 Clear 59A 0.90 33 - 420 2.90 360 2.48 500 3.45 480 180 32 ✔ ✔ Color Hardness Specific Gravity Compression Set @ 23°C Compression Set @ 100°C 100% Modulus 300% Modulus Tensile Strength Elongation Tear Strength ISO 10993 USP VI Special Characteristics ASTM Shore A ASTM/ISO ASTM % ASTM % ASTM psi Mpa ASTM psi Mpa ASTM psi ISO Mpa ASTM % ASTM pll ISO kN/m GENERAL PROPERTIES TENSILE PROPERTIES OTHER For further information on specific grades, review technical data sheets.
https://www.avient.com/sites/default/files/2024-11/reSound REC Recycled Content TPEs Selection Guide.pdf
Formulated for the consumer and transportation markets, reSound recycled content TPE grades can be used in applications such as personal care products, lawn and garden tools, outdoor goods, office supplies, footwear, houseware durables, consumer electronics, and automotive interior and under-the-hood components. reSound™ REC VX2800-0001 I 65A Natural reSound™ REC VX2800-0001 I 65A Black reSound™ REC VX2800-0002 I 65A Black reSound™ REC VX0100-0001 AR I 80A Black Recycled Content PIR PIR PIR PIR Recycled Content, % 25% 25% 40% 30% Recycled Source Carpet Backing, Nonwovens, Films, Super Sacks Carpet Backing, Nonwovens, Films, Super Sacks Proprietary Blend Proprietary Blend Hardness, Shore A 65 65 65 80 Color Natural Black Black Black Specific Gravity 0.88 0.89 0.88 1.05 Tensile Strength, PSI 784 788 1023 1400 Elongation at Break, % 687 662 673 700 Compression Set @ Room Temperature 29 27 30 – OM Substrate PP PP PP PC, ABS, PC/ABS Processing IM or OM IM or OM IM or OM IM or OM Agency Rating – – – – NORTH AMERICA GRADES reSound™ REC VX2800-9003 C 47A Natural reSound™ REC VX2800-9004 C 54A Natural reSound™ REC VX2800-0001 C 65A Black Recycled Content PCR PCR PCR Recycled Content, % 25% 25% 25% Recycled Source Transportation Transportation Ocean-bound Plastic Hardness, Shore A 47 54 65 Color Natural Natural Black Specific Gravity 0.94 0.95 0.89 Tensile Strength, PSI 250 311 900 Elongation at Break, % 585 581 670 Compression Set @ Room Temperature – – 25 OM Substrate PP PP PP Processing IM or OM IM or OM IM or OM Agency Rating – – – Automotive Testing* – – – NORTH AMERICA GRADES *Additional testing can be performed to confirm specific customer requirements.
NORTH AMERICA GRADES reSound™ REC VX2800-0003 C 65 Gray reSound™ REC OF 7310-80 reSound™ REC OF 7310-90 reSound™ REC GP 7820-340 reSound™ REC GP 7820-360 reSound™ REC GP 7820-380 Recycled Content PCR/PIR Blend PCR/PIR Blend PCR/PIR Blend PCR/PIR Blend PCR/PIR Blend PCR/PIR Blend Recycled Content, % 25% 35% 45% 60% 60% 60% Recycled Source Food Packaging Food Packaging Food Packaging Transportation, Industrial Transportation, Industrial Transportation, Industrial Hardness, Shore A 65 80 90 36 63 77 Color Gray Black/Natural (Gray) Black/Natural (Gray) Natural Natural Natural Specific Gravity 0.88 0.9 0.91 0.95 0.98 1.0 Tensile Strength, PSI 831 1120 1590 1027 1012 1173 Elongation at Break, % 620 570 520 1600 1200 1000 Compression Set @ Room Temperature 26 32 37 24 30 39 OM Substrate PP PP PP PP PP PP Processing IM or OM IM IM IM IM IM Agency Rating Application Specific FDA – – – – – Automotive Testing* – VOC & FOG (VDA 278), Odor (VDA 270) VOC & FOG (VDA 278), Odor (VDA 270) – – – reSound™ REC VX7900-5001 C I 30A Natural reSound™ REC VX7900-5001 C I 50A Natural reSound™ REC VX7900-5001 C I 70A Natural reSound™ REC AF 7210-140 B reSound™ REC AF 7210-150 B reSound™ REC AF 7210-160 B reSound™ REC AF 7210-170 B reSound™ REC AF 7210-180 B reSound™ REC AF 7210-190 B Recycled Content PIR/PCR Blend PIR/PCR Blend PIR/PCR Blend PIR/PCR Blend PIR/PCR Blend PIR/PCR Blend PIR/PCR Blend PIR/PCR Blend PIR/PCR Blend Recycled Content, % 81% 81% 83% 59% 57% 54% 57% 56% 51% PIR Recycled Source Proprietary Blend Proprietary Blend Proprietary Blend Transportation Transportation Transportation Transportation Transportation Transportation PCR Recycled Source Transportation/ Industrial Transportation/ Industrial Transportation/ Industrial Transportation Transportation Transportation Transportation Transportation Transportation Hardness, Shore A 30 50 70 43 51 61 70 81 90 Color Natural Natural Natural Black Black Black Black Black Black Specific Gravity 1.14 1.16 1.16 0.97 0.98 0.98 0.98 0.99 0.99 Tensile Strength, MPa 2.39 3.23 3.35 4 5 5 8 10 13 Elongation at Break, % 796 654 515 1013 993 981 935 876 829 Compression Set @ Room Temperature 16 24 37 41 44 44 48 54 55 OM Substrate PP PP PP PP PP PP PP PP PP Processing IM or OM IM or OM IM or OM IM IM IM IM IM IM EUROPE GRADES reSound™ REC VX2800-5032 C 47A Natural reSound™ REC VX2800-5033 C 54A Natural reSound™ REC GP 7820-140 reSound™ REC GP 7820-160 reSound™ REC GP 7820-180 Recycled Content PCR PCR PCR PCR PCR Recycled Content, % 61% 61% 60% 60% 60% PCR Recycled Source Transportation Transportation Transportation/ Industrial Transportation/ Industrial Transportation/ Industrial Hardness, Shore A 47 54 38 57 77 Color Natural Natural Natural Natural Natural Specific Gravity 0.96 0.96 0.94 0.97 1.0 Tensile Strength, MPa 1.80 2.00 7.19 6.65 7 Elongation at Break, % 766 682 1590 1380 1010 Compression Set @ Room Temperature 28 29 28 32 38 OM Substrate PP PP PP PP PP Processing IM or OM IM or OM IM IM IM EUROPE GRADES ASIA GRADES - PIR reSound™ REC VX3120-801 I 65A Natural reSound™ REC VX3120-802 I 65A Natural reSound™ REC VX3120-803 I 65A Natural Recycled Content PIR PIR PIR Recycled Content, % 20% 40% 60% Recycled Source Textile Industry Textile Industry Textile Industry Hardness, Shore A 67 68 68 Color Natural Natural Natural Specific Gravity 1.11 1.10 1.11 Tensile Strength, PSI 1450 1229 1151 Elongation at Break, % 752 709 653 OM Substrate PC, ABS, PC/ABS PC, ABS, PC/ABS PC, ABS, PC/ABS Processing IM or OM IM or OM IM or OM reSound™ REC DY 7810-801 C 30A Natural reSound™ REC DY 7810-801 C 40A Natural reSound™ REC DY 7810-801 C 50A Natural reSound™ REC DY 7810-801 C 60A Natural reSound™ REC DY 7810-801 C 70A Natural reSound™ REC DY 7810-801 C 80A Natural reSound™ REC DY 7810-801 C 90A Natural reSound™ REC DY 7820-801 C 30A Natural reSound™ REC DY 7820-801 C 40A Natural reSound™ REC DY 7820-801 C 50A Natural reSound™ REC DY 7820-801 C 60A Natural reSound™ REC DY 7820-801 C 70A Natural reSound™ REC DY 7820-801 C 80A Natural reSound™ REC DY 7820-801 C 90A Natural reSound™ REC 3630-801C 40N reSound™ REC 3630-801C 50N reSound™ REC 3630-801C 60N reSound™ REC 7850-90N FR reSound™ REC GP 7820-240 reSound™ REC GP 7820-260 reSound™ REC GP 7820-280 Recycled Content PCR PCR PCR PCR PCR PCR PCR PCR PCR PCR PCR PCR PCR PCR PCR PCR PCR PCR PCR PCR PCR Recycled Content, % 9% 12% 15% 21% 23% 30% 39% 60% 60% 60% 60% 60% 60% 60% 45% 45% 45% 32% 60% 60% 60% Recycled Source Food Packaging Food Packaging Food Packaging Food Packaging Food Packaging Food Packaging Food Packaging Food Packaging, Transportation Food Packaging, Transportation Food Packaging, Transportation Food Packaging, Transportation Food Packaging, Transportation Food Packaging, Transportation Food Packaging, Transportation Food Packaging, Transportation Food Packaging, Transportation Food Packaging, Transportation Food Packaging Transportation, Industrial Transportation, Industrial Transportation, Industrial Hardness, Shore A 30 40 50 60 70 80 90 30 40 50 60 70 80 90 40 49 58 85 39 57 80 Color Natural Natural Natural Natural Natural Natural Natural Natural Natural Natural Natural Natural Natural Natural Natural Natural Natural Natural Natural Natural Natural Specific Gravity 0.88 0.89 0.89 0.88 0.88 0.89 0.89 0.95 0.94 0.97 0.97 0.99 1.01 1.02 0.90 0.90 0.90 1.04 0.95 0.98 1.0 Tensile Strength, PSI 678 889 939 964 1057 1328 1619 663 804 830 859 844 1007 1279 830 965 985 1250 938 1089 1479 Elongation at Break, % >1000 983 893 750 726 699 599 1028 948 880 807 681 642 640 700 700 650 310 1600 1360 1090 OM Substrate PP PP PP PP PP PP PP PP PP PP PP PP PP PP PC, ABS, PC/ABS PC, ABS, PC/ABS PC, ABS, PC/ABS – PP 30 39 Processing IM or OM IM or OM IM or OM IM or OM IM or OM IM or OM IM or OM IM or OM IM or OM IM or OM IM or OM IM or OM IM or OM IM or OM IM or OM IM or OM IM or OM EM IM IM IM ASIA GRADES - PCR Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2023-08/AVNT August IR Presentation w NonGAAP Recs%5B40%5D.pdf
& Canada EMEA Asia Latin America 64% 36% Specialty Engineered Materials Color Additives and Inks 40% 37% 18% 5% 6% 8% 24% 20% 10% 15% 9% 4% 4% Defense Healthcare Packaging Consumer Building & Construction Industrial Transportation Energy Telecom 4 CREATING A WORLD-CLASS SUSTAINABLE ORGANIZATION 1. 6.5% annualized long term sales growth leveraging sustainable solutions, composites, healthcare and emerging regions 2.
Avient 2011 and 2018 valuations reflect trailing 12 months EBITDA at December 31 of the respective years. 28 EV / 2023E EBITDA Historic Multiple 6.5 8.3 9.5 13.8 12.7 12.6 11.3 8.7 18.6 16.5 10.1 10.0 9.7 9.5 9.4 8.7 A vi en t (2 01 1) A vi en t (2 01 8) A vi en t (2 02 3) R P M P P G A V Y K W R F U L E C L H X L F M C A S H S C L H U N C E E M N Avient Specialty Formulators Other Specialty / Chemical Companies SEGMENT DATA U.S. & Canada 40% EMEA 37% Asia 18% Latin America 5% 2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 20% Packaging 24% Industrial 15% Building and Construction 10% Telecommunications 4% Energy 4% Defense 6% END MARKET REVENUE $2,355M $402M $1,300M $272M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $592M$3,653M (1) Transportation 9% Healthcare 8% 30 (1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs 2022 REVENUE | $2 .4 B ILL ION US & Canada 34% EMEA 38% Asia 20% Latin America 8% END MARKET REGION 31 Packaging 34% Consumer 21% Healthcare 8% Industrial 15% Transportation 8% Building & Construction 11% Telecommunications 1% Energy 2% COLOR, ADDITIVES & INKS 2022 PRO FORMA REVENUE | $1 .3 B ILL ION US & Canada 52% EMEA 35% Asia 13% 32 Packaging 5% Consumer 19% Healthcare 8%Industrial 16% Transportation 10% Telecommunications 10% Energy 9% Defense 15% Building & Construction 8% END MARKET REGION SPECIALTY ENGINEERED MATERIALS Packaging 32% Consumer 27% Healthcare 8% Industrial 14% Building & Construction 5% Telecommunications 3% Energy 1% Defense 1% Asia (18% of sales) Transportation 9% 2022 PROFORMA AVIENT REGIONAL SALES Packaging 27% Consumer 14% Healthcare 5% Industrial 17% Building & Construction 10% Energy 5% Defense 8% EMEA (37% of sales)Transportation 11% Packaging 13% Consumer 24% Healthcare 12% Industrial 15% Building & Construction 13% Energy 5% Defense 5% US & Canada (40% of sales) Transportation 7% Packaging 56% Consumer 23% Healthcare 4% Industrial 7% Building & Construction 4% Telecommunications 1% LATAM (5% of sales) Transportation 5% Telecommunications 3% Telecommunications 6% 33 BY END MARKET Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except for per share data) Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special items, to assess performance and facilitate comparability of results.
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/2021-04/certificate-of-incorporation-on-change-of-name-avient-colorants-ireland-limited-14-april-2021.pdf
G1QCertificate Number: 82756 Certificate of Incorporation on Change Of Name For Registrar of Companies I hereby certify that CLARIANT PLASTICS & COATINGS (IRELAND) LIMITED having, by a Special Resolution of the Company, and with the approval of the Registrar of Companies, changed its name, is now incorporated as a LTD - Private Company Limited by Shares under the name AVIENT COLORANTS IRELAND LIMITED and I have entered such name on the Register accordingly.
https://www.avient.com/sites/default/files/2020-10/tpe-overmold-design-guide.pdf
This is usually achieved via the addition of vents at the ends of flow (full peripheral venting is the best solution).
Coloring When overmolding TPEs, care should be taken when considering color concentrates.
Coloring When overmolding TPEs, care should be taken when considering color concentrates.
https://www.avient.com/knowledge-base/article/how-lightweight-automotive-components
In addition, long fibers form a “3D network” within a molded part; this network supports parts even when a polymer begins to soften (creep), meaning LFTs are an excellent replacement for metal components in portions of the vehicle subject to high stress from extreme temperatures or pressure.
Thermally conductive plastics help dissipate the heat, adding life to the fixture while offering additional design and manufacturing benefits.