https://www.avient.com/sites/default/files/2022-09/Omnicolor Product Bulletin.pdf
KEY CHARACTERISTICS
• Multipurpose, multi-resin colorant concentrates
• Formulated with high quality, heavy metal-free
pigments
• Carrier system designed for compatibility
across different resin systems
• Samples available with quick turnaround in
small lots for customer evaluation
• Available in a wide range of stock and standard
colors*
• Low LDRs—typically 1–3%
• Low minimum order quantities for both stock
and non-stock colors
* Color availability dependent on region or country
PRODUCT BULLETIN
MARKETS AND APPLICATIONS
Omnicolor Multipurpose Colorants can be used for
injection molding, blow molding, or profile and
sheet extrusion processes.
https://www.avient.com/sites/default/files/2025-03/Cesa Raise Product Bulletin.pdf
MARKETS & APPLICATIONS
• Thermoformed, APET food packaging, including:
- Hot steam sterilization
- Hot fill
- Microwave use
• Polyester
• Sheet extrusion & thermoforming
KEY CHARACTERISTICS
• Suitable for hot steam sterilization, hot fill, and
microwave applications
• Ideal for food-grade containers with high rigidity
and improved gas barrier
• Can withstand temperatures up to 100°C
• Available in both transparent and opaque
options
• Processable on existing thermoforming lines
with heated molds
KEY BENEFITS
• A fully circular monomaterial, up to 100% rPET
polymer content
• Promotion of the circularity of PET and the
resulting packaging is possible
• Helps customers to comply with the Packaging
and Packaging Waste Regulation (PPWR) that
demands recyclability of all packaging with
binding PCR content targets by 2030
• Demonstrates improved productivity in
comparison to CPET during thermoforming
• Helps avoid possible EPR fees or penalties on
difficult-to-recycle packaging
PRODUCT BULLETIN
Copyright © 2025, Avient Corporation.
https://www.avient.com/sites/default/files/2020-12/maxxam-fr-case-study.pdf
MEETING FR GOALS IN DATA CABLES WITH AN
ALTERNATIVE TO FEP
Maxxam FR materials can provide cost savings and improved
processing capabilities when used in category 5e cables
and above.
High flame performance and a low
dielectric constant keep our equipment safe and data
moving quickly.
THE SOLUTION
The manufacturer worked with Avient to identify
alternatives to FEP insulation that would meet
requirements in their data cable.
https://www.avient.com/sites/default/files/2024-09/Avient_RY 2023 CDP Verification Opinion Declaration.pdf
Level of Assurance and Qualifications:
• Limited
• This verification used a materiality threshold of ±5% for aggregate errors in sampled data for each of the
above indicators
GHG Verification Methodology:
Evidence-gathering procedures included, but were not limited to:
• Interviews with relevant personnel of Avient and their consultant;
• Review of documentary evidence produced by Avient;
• Review of Avient data and information systems and methodology for collection, aggregation, analysis and
review of information used to determine GHG emissions; and
• Audit of sample of data used by Avient to determine GHG emissions.
It is our opinion that Avient has established appropriate systems for the collection, aggregation and analysis of
quantitative data for determination of these GHG emissions for the stated period and boundaries.
The verification team has extensive experience in conducting assurance over environmental, social, ethical and health
and safety information, systems and processes, has over 20 years combined experience in this field and an excellent
understanding of Apex’s standard methodology for the verification of greenhouse gas emissions data.
https://www.avient.com/sites/default/files/2023-10/2023 Hammerhead Application _ Install Guide.pdf
HAMMERHEAD™
MARINE COMPOSITE PANELS
APPLICATION & INSTALLATION GUIDE
PRODUCT
DESCRIPTION
FEATURE BENEFIT
Exceptional strength-to-weight ratio Lightweight yet strong structural
performance and increased payloads
Resistance to UV light, chemicals,
moisture degradation and rot Resistance to harsh marine conditions
Tough and impact resistant Durability and long product life
Dimensionally stable Consistent performance in extreme
temperature and humidity fluctuations
Strong adhesive properties Easy bonding to various materials
FEATURE BENEFIT
Ready-to-install Fewer parts & reduced scrap
Large format Improved aesthetics with
seamless designs
Made via continuous-fiber
manufacturing process Consistent quality in every panel
PERFORMANCE ADVANTAGES
MANUFACTURING ADVANTAGES
Hammerhead™ Marine Composite Panels
are made from continuous glass-fiber
reinforced thermoplastic face sheets
and polyester foam cores.
GL
AS
S/
EP
OX
Y
TA
B
M
AT
ER
IA
L
N
O
T
AB
BREAK
Hammerhead with
5 lb/ft3 (80 kg/m3)
420 lbs
191 kg
Hammerhead with
7 lb/ft3 (115 kg/m3)
2 in
370 lbs
168 kg
Hammerhead with
8 lb/ft3 (135 kg/m3)
332 lbs
151 kg
984 lbs
446 kg
Glass/Polyester
with Balsa Core
1298 lbs
589 kg
Hammerhead with
5 lb/ft3 (80 kg/m3)
Core Density -
ITW Plexus
MA420 Adhesive
NA 501 lbs
227 kg
Hammerhead with
7 lb/ft3 (115 kg/m3)
Core Density -
ITW Plexus MA420
Adhesive
NA 839 lbs
381 kg
Hammerhead with
8 lb/ft3 (135 kg/m3)
Core Density -
ITW Plexus
MA420 Adhesive
NA 1156 lbs
524 kg
Hammerhead with
8 lb/ft3 (135 kg/m3)
Core Density -
Crestomer
1152PA Adhesive
NA 1530 lbs
694 kg
Hammerhead with
8 lb/in3 (135 kg/m3)
Core Density -
Crestomer
M1-30 Adhesive
NA 1471 lbs
667 kg
Mixed Conditions
ADHESIVE
DESCRIPTION
ADHESIVE
GRADE MANUFACTURER
AVERAGE
BOND
STANDARD
DEVIATION
FAILURE
MODE
BEST ADHESION
2k Urethane 75421 Lord 2281 psi
15.73 MPa
184 psi
1.27 MPa
Substrate
Cohesive
2k Acrylic SA1-705 GRY1 AccraLock 2211 psi
15.24 MPa
78 psi
0.54 MPa Substrate
2k Acrylic Plexus MA420 ITW 2171 psi
14.97 MPa
262 psi
1.81 MPa Substrate
2k Acrylic SA10-05 Blk1 AccraLock 2102 psi
14.49 MPa
138 psi
0.95 MPa Substrate
2k Urethane 75451 Lord 2047 psi
14.11 MPa
68 psi
0.47 MPa Cohesive
2k Acrylic SA1-705 GRY 1:2 AccraLock 1966 psi
13.56 MPa
68 psi
0.47 MPa Substrate
2k Acrylic Scotchweld 8010 3M 1907 psi
13.15 MPa
61 psi
0.42 MPa Adhesive
Cyanoacrylate Gorilla Glue Gorilla Glue 1885 psi
13.00 MPa
432 psi
2.98 MPa Cohesive
2k Acrylic Crestabond PP-04 Scott Bader 1873 psi
12.91 MPa
281 psi
1.94 MPa Substrate
2k Acrylic SA10-05 Blk 10:2 AccraLock 1779 psi
12.27 MPa
127 psi
0.88 MPa Cohesive
2k Urethane 75422 Lord 1716 psi
11.83 MPa
190 psi
1.31 MPa
Cohesive
Adhesive
2k Urethane 75452 Lord 1535 psi
10.58 MPa
98 psi
0.68 MPa Adhesive
2k Methacrylate Polyfuse Icon
Containment
1610 psi
11.10 MPa
98 psi
0.68 MPa Adhesive
INTERMEDIATE ADHESION
2k Acrylic FA10-05 Blk
C010817 AccraLock 724 psi
4.99 MPa
58 psi
0.40 MPa Cohesive
2k Acrylic FA10-05 Blk1 AccraLock 722 psi
4.98 MPa
44 psi
0.30 MPa Cohesive
2k Epoxy Loctite Epoxy
Instant Mix Loctite 508 psi
3.50 MPa
81 psi
0.56 MPa Adhesive
2k Epoxy Gorilla Glue Epoxy Gorilla Glue 341 psi
2.35 MPa
198 psi
1.37 MPa Adhesive
NOT RECOMMENDED
2k Epoxy Loctite Epoxy
Marine Loctite 0 0 No bond
ADHESIVE SELECTION
Brands identified are owned by the manufacturers of the adhesive products.
1 surface sanded with 220 grit scuff prep 2 surface primed with 459T
FASTENER TYPE BENEFITS CONSIDERATIONS
Through-Bolting Best mechanical
locking system
Need back side
access to panel
Screw-In Anchor Highest pullout
strength Requires pilot hole
Cup Washer Spreads
compressive load
Requires relief hole;
For substructure and
hard point attachment
Wide Grip
(Bulb-Style)
Rivet
Ease of use—no
installation torque
limitations
For lower
load attachments
Sheet Metal or
Wood Screw
Readily available,
low cost
Penetrate both skins
for improved pullout
Shoulder Washer Limits
compressive load
Requires relief hole;
For substructure and
hard point attachment
For more information on installation, adhesives, and fasteners
for specific applications, please contact Avient.
https://www.avient.com/sites/default/files/resources/Wells%2520Fargo%2520Conference%2520-%2520IR%2520Presentation%25205-6-2015%2520-%2520wNon%2520GAAP%2520and%2520Appendix.pdf
S&P 500
PolyOne Corporation Page 9
2006 Q1 2015 2015 Target
“Where we were” “Where we are” (Est. in 2012)
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 16.2% 12 – 16%
Global Specialty Engineered
Materials 1.1% 16.3% 12 – 16%
Designed Structures & Solutions 1.4% (2012) 2.7% 8 – 10%
Performance Products &
Solutions 5.5% 6.5% 9 – 12%
Distribution 2.6% 5.9% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 69% 65 – 75%
3) ROIC 5.0% 11.4% 15%
4) Adjusted EPS Growth N/A 5% Double Digit
Expansion
Proof of Performance & 2015 Goals
PolyOne Corporation Page 10
Innovation Drives Earnings Growth
*Percentage of Specialty Platform revenue from products introduced in last five years
$20
$53
2006 2014
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14%
27%
2006 2014
Specialty Platform
Gross Margin %
20%
44%
2006 2014
Specialty Vitality Index Target ≥ 35%
PolyOne Corporation Page 11
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 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) $800 $450 $450 $1,700
PolyOne Corporation Page 13
60%
98%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 Q1 2015
Pension Funding**
As of March 31, 2015
Debt Maturities & Pension Funding – 3/31/15
Net Debt / EBITDA* = 2.1x
$49
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of March 31, 2015
($ millions)
Coupon Rate: 7.500% 7.375% 5.250%
** includes US-qualified pension plans only *TTM 3/31/2015
PolyOne Corporation Page 14
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales,
marketing, and
technical capabilities
Investing in operational
and LSS initiatives
~75% of capital
expenditures fund
growth initiatives Organic
Growth
Acquisitions
Share
Repurchases
Dividends
$0.16
$0.20 $0.24
$0.32
$0.40
$0.10
$0.20
$0.30
$0.40
$0.50
2011 2012 2013 2014 2015
Annual Dividend
Targets that expand
our:
• Specialty offerings
• End market
presence
• Geographic breadth
Synergy opportunities
Adjacent material
solutions
Repurchased over
500k shares in Q1
2015
Repurchased 11.8
million shares since
early 2013
8.2 million shares are
available for
repurchase under the
current authorization
PolyOne Corporation Page 15
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 16
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
Schedule I
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Below is a reconciliation of non-GAAP financial measures to the most directly comparable measures calculated and presented
in accordance with U.S.
Net debt to adjusted EBITDA is calculated as follows:
Three Months
Twelve Months
Three Months
Trailing Twelve
Months (TTM)
(In millions) March 31, 2014 December 31, 2014 March 31, 2015 March 31, 2015
Short-term portion and current portion of
long-term debt $ 12.8 $ 61.8 $ 61.9
Long-term debt 968.1 962.0 1,049.2
Less: Cash and cash equivalents (238.3) (238.6) (226.4)
Net Debt $ 742.6 785.2 884.7
Income before income taxes $ 39.9 $ 88.4 $ 53.3 $ 101.8
Interest expense, net 15.5 62.2 16.1 62.8
Depreciation and amortization 32.8 123.9 25.1 116.2
Special items, impact on operating income 22.9 164.9 9.3 151.3
Accelerated depreciation included in special
items (6.8) (23.1) (0.1) (16.4)
Adjusted EBITDA $ 104.3 $ 416.3 $ 103.7 $ 415.7
Net Debt/TTM Adjusted EBITDA 2.1
POL IR Presentation - Updated for 2015 - 5-5-15 WF
��PolyOne Investor Presentation�Wells Fargo Industrial & Construction Conference�May 2015��
Forward-Looking Statements
Use of Non-GAAP Measures
PolyOne Commodity to Specialty Transformation
PolyOne�At A Glance
Mix Shift Highlights Specialty Transformation
Confirmation of Our Strategy
Strategy and Execution Drive Results
Proof of Performance & 2015 Goals
Innovation Drives Earnings Growth
Megatrends Aligned with Key End Markets
A Rich Pipeline of Opportunity
Debt Maturities & Pension Funding – 3/31/15
Free Cash Flow and Strong Balance Sheet �Fund Investment / Shareholder Return
PolyOne Core Values
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520–%2520Goldman%2520Sachs%2520Conference%25202015.pdf
S&P 500
PolyOne Corporation Page 9
2006 Q1 2015 2020
“Where we were” “Where we are” Platinum Vision
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 16.2% 20%+
Global Specialty Engineered
Materials 1.1% 16.3% 20%+
Designed Structures & Solutions 1.4% (2012) 2.7% 12 – 14%
Performance Products &
Solutions 5.5% 6.5% 10 – 12%
Distribution 2.6% 5.9% 6.5 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 69% 80%+
3) ROIC 5.0% 11.4% 15%
4) Adjusted EPS Growth N/A
22 Consecutive
Quarters of
EPS Growth
Double Digit
Expansion
Proof of Performance & 2020 Goals
PolyOne Corporation Page 10
Platinum Vision: Pathway to Accelerated Growth
Organic
Sales Growth
Margin
Expansion
Share
Repurchases
Acquisitions
PolyOne Corporation Page 11
Innovation Drives Earnings Growth
*Percentage of Specialty Platform revenue from products introduced in last five years
$20
$53
2006 2014
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14%
27%
2006 2014
Specialty Platform
Gross Margin %
20%
44%
2006 2014
Specialty Vitality Index Target ≥ 35%
PolyOne Corporation Page 12
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 13
Prototype Frame
Opportunity
Scale-up &
Test Market
Build
Business Case
Commercial
Launch
Phase
1
Phase
2
Phase
3
Phase
4
Phase
5
6
9
7
3
5
12
5 3 2
8
4
2
4
3
1
Breakthrough
Platform
Derivative
A Rich Pipeline of Opportunity
Number of Projects 14 8 18 12 22 74
Addressable Market
($ millions) $700 $600 $600 $1,900
PolyOne Corporation Page 14
60%
98%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 Q1 2015
Pension Funding**
As of March 31, 2015
Debt Maturities & Pension Funding
Net Debt / EBITDA* = 2.1x
$49
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of March 31, 2015
($ millions)
Coupon Rate: 7.500% 7.375% 5.250%
** includes US-qualified pension plans only *TTM 3/31/2015
PolyOne Corporation Page 15
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales,
marketing, and
technical capabilities
Investing in operational
and LSS initiatives
~75% of capital
expenditures fund
growth initiatives Organic
Growth
Acquisitions
Share
Repurchases
Dividends
$0.16
$0.20 $0.24
$0.32
$0.40
$0.10
$0.20
$0.30
$0.40
$0.50
2011 2012 2013 2014 2015
Annual Dividend
Targets that expand
our:
• Specialty offerings
• End market
presence
• Geographic breadth
Synergy opportunities
Adjacent material
solutions
Repurchased over
500k shares in Q1
2015
Repurchased 11.8
million shares since
early 2013
8.2 million shares are
available for
repurchase under the
current authorization
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?
Schedule I
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Below is a reconciliation of non-GAAP financial measures to the most directly comparable measures calculated and presented
in accordance with U.S.
Net debt to adjusted EBITDA is calculated as follows:
Three Months
Twelve Months
Three Months
Trailing Twelve
Months (TTM)
(In millions) March 31, 2014 December 31, 2014 March 31, 2015 March 31, 2015
Short-term portion and current portion of
long-term debt $ 12.8 $ 61.8 $ 61.9
Long-term debt 968.1 962.0 1,049.2
Less: Cash and cash equivalents (238.3) (238.6) (226.4)
Net Debt $ 742.6 785.2 884.7
Income before income taxes $ 39.9 $ 88.4 $ 53.3 $ 101.8
Interest expense, net 15.5 62.2 16.1 62.8
Depreciation and amortization 32.8 123.9 25.1 116.2
Special items, impact on operating income 22.9 164.9 9.3 151.3
Accelerated depreciation included in special
items (6.8) (23.1) (0.1) (16.4)
Adjusted EBITDA $ 104.3 $ 416.3 $ 103.7 $ 415.7
Net Debt/TTM Adjusted EBITDA 2.1
Goldman Sachs - May 19 2015 r4
Goldman Sachs - May 19 2015
POL IR Presentation - Updated for 2015 - 5-13-15 GS
��PolyOne Investor Presentation�Goldman Sachs Basic Materials Conference�May 2015��
Forward-Looking Statements
Use of Non-GAAP Measures
PolyOne Commodity to Specialty Transformation
PolyOne�At A Glance
Mix Shift Highlights Specialty Transformation
Confirmation of Our Strategy
Strategy and Execution Drive Results
Proof of Performance & 2020 Goals
Platinum Vision: Pathway to Accelerated Growth
Innovation Drives Earnings Growth
Megatrends Aligned with Key End Markets
A Rich Pipeline of Opportunity
Debt Maturities & Pension Funding
Free Cash Flow and Strong Balance Sheet �Fund Investment / Shareholder Return
PolyOne Core Values
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
Infrastructure Bill earmarks $65
billion for broadband buildout
• US RDOF (Rural Digital Opportunity
Fund) to support continued
investment in fiber-to-the-home
(FTTx)
• Rapid data center growth to support
exponential data consumption growth
Avient Corporation 82
2018 - 2022 2021 - 2024 2022 - 2027
Co-locate radios with 4G
towers
5G towers in new locations
(
Avient reflects 2021 estimated revenue of $4,750M and estimated CAPEX of $80M (excludes one-time synergy capture CAPEX of $20M)
129Avient Corporation
474
644
1,002
107
147
216
467
616
872
2014 2018 2021E
R&D / Technical Marketing Sales
Commercial Resources
Headcount figures all Pro Forma for sale of Designed Structures and Solutions (DSS) and Performance Products and Solutions (PP&S) segments.
2021E data as of October 31, 2021.
Peer data per Bloomberg market data as of December 2, 2021.
https://www.avient.com/sites/default/files/2020-03/PolyOne_Website-12.19.pdf
Sources
Cash from Balance Sheet $465
New Senior Unsecured Notes 650
New Equity 450
Total Sources $1,565
Uses
Clariant Masterbatch $1,500
Clariant India Masterbatch 60
Less: Lease Adjustment (113)
Net Purchase Price $1,447
Net Cash Acquired 57
Fees, Expenses & OID 61
Total Uses $1,565
($ Millions)
Cash and Cash Equivalents $370
$450M Senior Secured ABL Revolver -
Senior Secured Term Loan B due 2026 624
Other Debt 25
Total Senior Secured Debt $649
5.25% Senior Unsecured Notes due 2023 $600
New Senior Unsecured Notes 650
Total Senior Debt $1,899
Net Debt $1,529
New Equity $450
Pro Forma Capitalization (1)
PF 12/31/2019
$450
$600 $624
$743
2019 2020 2021 2022 2023 2024 2025 2026
A T T R A C T I V E F I N A N C I N G S T R U C T U R E
Attractive Debt
Maturity Profile
Existing Revolver Existing Senior Notes Existing Term Loan B
New Debt
Summary
Terms on
New Debt
$465 million of cash from the balance sheet expected to fund a portion of the purchase price
Bridge financing for remainder fully committed from Citi, Morgan Stanley and Wells Fargo
Permanent financing expected to include a combination of long-term debt and new equity
The timing of the permanent financing is subject to a number of factors, including, but not limited
to, market conditions
PolyOne is committed to preserving a strong balance sheet
– Target net leverage at close below 3.5x, excluding synergies
Pro forma capital structure positions PolyOne with flexibility to pursue continued growth strategy
New financing expected to have same or better covenant package than existing capital structure
Capital structure would be “covenant lite”
Capital
Policy
Transaction in line with PolyOne’s disciplined capital allocation policy
Existing PolyOne dividend policy to be maintained
Focus on deleveraging in the near term
2028+
PolyOne Corporation 26
PolyOne Corporation 27
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
Landmark portfolio transformation: > 85% of Adjusted EBITDA
from specialty solutions
World-class innovation, technology and service are differentiators
Sustainability initiatives and alignment with megatrends drive
above market growth in key end markets and applications:
Capital management is a strength - proven track record of
expanding ROIC while increasing invested capital
Transaction expected to add $0.85 to pro forma adjusted EPS
PolyOne Corporation 28
PolyOne Corporation 29
https://www.avient.com/sites/default/files/2022-10/ColorMatrix FlexOne Brochure.pdf
Global reach includes the capability
of remote technical services and data
management, allowing users to interrogate
their systems on an intranet as well as
getting Avient support remotely.
The control system is flexible, allowing users access
to a range of data management functions.
Network
capable
Data
acquisition
and SPC
Web
enabled
Touch
screen
controller
User login
security
Gravimetric
functions
Custom
configuration
Remote
access
functions
QUICK CHANGEOVER RESERVOIR
The reservoir cassette is a key operating element
of the FlexOne unit, allowing users to quickly
changeover color.