https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520RW%2520Baird%2520Global%2520Industrial%2520Conference%2520-%252011%253A8%253A2016.pdf
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
About PolyOne
Reach
7,000 associates | 77 facilities | $3.4 B 2015 revenue
Global Presence
10,000 global customers | Americas, Europe, Africa, Asia |
Global sales, technical and manufacturing footprint
Solutions
35,000+ polymer solutions | 12 innovation centers |
Support for design through manufacturing
5 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 6
CAI
23%
SEM
15%
DSS
13%
POD
29%
PPS
20%
2015 Revenue: $3.4 Billion
At a Glance
United
States
66%
Europe
13%
Canada
7%
Asia
7%
Latin
America
7%
$0.12
$0.27 $0.21
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
2015 Revenue: $3.4 Billion
2015 Operating Income: $322 Million
CAI
38%
SEM
23%
DSS
4%
POD
19%
PPS
16%
Adjusted Earnings Per Share
7 POLYONE CORPORATION
Old
PolyOne
*Operating Income excludes corporate charges and special items
2%
43%
65%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2020
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
80%+
Specialty OI $5M $87M $229M
Transformation
2020
Platinum
Vision
Platinum
Vision
Mix Shift Highlights Specialty Transformation
POLYONE CORPORATION 8
-$0.10
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
2009 2010 2011 2012 2013 2014 2015 2016
Adjusted Earnings Per Share
$0.56
3Q
-2%
0%
2%
4%
6%
8%
10%
12%
2009 2010 2011 2012 2013 2014 2015 2016
Adjusted Consolidated Operating Margin
2.8%
5.2%
5.6%
6.7%
8.3%
6.9%
9.5% 9.9%
3Q
28 Consecutive Quarters of EPS Growth
9 POLYONE CORPORATION
2006 2016 YTD 2020
“Where we were” “Where we are” Platinum Vision
1) Operating Income % of Sales
Specialty:
Color, Additives & Inks 1.7% 17.0% 20%+
Specialty Engineered Materials 1.1% 15.2% 20%+
Designed Structures & Solutions N/A 0.6% (TTM) 8 – 10%
Performance Products &
Solutions 5.5% 11.6% 12 – 14%
Distribution 2.6% 6.6% 6.5 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 60% 80%+
3) ROIC* 5.0% 11.6% 15%
4) Adjusted EPS Growth N/A 11.5% Double Digit
Expansion
Proof of Performance & 2020 Goals
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
POLYONE CORPORATION 10
2,883
2,414
2006 2015
Volume
(lbs in millions)
-16%
$103
$192
2006 2015
Commercial, R&D
and Marketing
Spending ($M)
+86%
$88
$322
2006 2015
Adjusted
Operating Profit ($M)
+266%
Ours is Not a Cost Cutting Story
11 POLYONE CORPORATION
Innovation Drives Earnings Growth
*Specialty Platform revenue from products introduced in last five years
$20
$53
2006 2015
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14%
34%
2006 2015
CAI & SEM
Gross Margin
12%
43%
2006 2015
Target ≥ 35%
Innovation Pipeline Potential
12 POLYONE CORPORATION
Globalization
Specialization
Commercial
Excellence
Operational
Excellence
Growth in
urbanization
Changing
demographics
Climate and
resource
challenges
Increase of
individual
power
Evolution and
expansion of
healthcare
Strategic Growth Opportunities
Four Pillar Strategy Global Megatrends
Attractive
Revenue &
Margin Growth
Opportunities
13 POLYONE CORPORATION
Primary Industries Served
2015 Revenue: $3.4 Billion
Electrical &
Electronic
5%
Building &
Construction
12%
Appliance
4%
Industrial
14%
Wire & Cable
9%
Healthcare
11%
Consumer
10%
Packaging
13%
Transportation
20%
Focus End Markets
14 POLYONE CORPORATION
Therma-Tech™ & Sheet
GEON™ Vinyl
Polymer Colorants
Therma-Tech™
TPE’s & Film
TPE + OnForce™
Gravi-Tech™
Page 14
Film
Target End Markets… Healthcare
15 POLYONE CORPORATION
Sound & Vibration
Management
Fuel Handling
Systems
Interior & Exterior Trim
Structural Braces
& Brackets
Interior Structural
Components
Lighting
Air management
Electronics & Cameras
Fluid Handling
Target End Markets… Automotive
Underhood
Components
Roof Systems
16 POLYONE CORPORATION
PreservaPak™
OnColor™
Smart Batch™
VersaFlex™
TPE Cap Liner
ColorMatrix™
Amosorb™
Oxygen Scavenger
ColorMatrix™
Ultimate™ UV
Light Barrier
OnCap™
Laser Marking
Additives
Target End Markets… Packaging
17 POLYONE CORPORATION
Source: Outdoor Industry Association
TPE Vibration Dampening
(SEM/GLS)
TPE + OnForce
(SEM)
OnForce
(SEM)
Advanced Composites
(SEM)
TPE Vibration Dampening
(SEM/GLS)
Target End Markets… Outdoor High Performance
Thermoplastic Elastomers
(SEM)
Advanced Composites
(SEM)
Polymer Colorants
(CAI)
Sheet
(DSS)
TPE & Film
(SEM + DSS)
Advanced Composites
(SEM)
Polymer Colorants
(CAI)
Thermatech
(SEM)
Thermoplastic Elastomers
(SEM)
TPE + OnForce
(SEM)
OnForce
(SEM)
18 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
~75% of capital
expenditures fund
growth initiatives Organic
Growth
Acquisitions
Share
Repurchases
Dividends Targets that expand
our:
• Specialty offerings
• End market
presence
• Geographic breadth
Synergy opportunities
Adjacent material
solutions
Repurchased 318,000
shares in Q3 2016
Repurchased 17.6
million shares since
early 2013
9.7 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
19 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 $800 million to shareholders
$130 million returned through dividends
$650 million returned through share repurchases
$650M
$0
$150
$300
$450
$600
$750
2011 2012 2013 2014 2015 Q3'16
Cumulative Share Repurchases
(in millions)
POLYONE CORPORATION 20
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
Addressable market exceeds $40 billion
Strong performance demonstrates that our strategy and
execution are working
Megatrends and emerging opportunities align with strengths
Innovation and services provide differentiation, incremental
pricing power and competitive advantage
Strong and proven management team driving growth
and performance
21 POLYONE CORPORATION
Segment Highlights
POLYONE CORPORATION 22
2015 Revenue: $0.8 Billion
At a Glance: Color, Additives & Inks
Key Applications
2015 Revenue by Industry Expanding Profits
1.7%
4.6% 5.1%
5.5%
7.2% 8.1%
9.7%
12.2%
14.7%
16.7% 17.0%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
YTD
2020
Operating Income % of Sales
Platinum
Vision
United
States
48%
Europe
33%
Asia
12% Latin
America
5%
Canada
2%
Packaging
31%
Industrial
13%
B & C
11%
W & C
11%
Transportation
9%
Consumer
8%
Textiles
8%
Healtchare
6%
Appliances
2%
E & E
1%
POLYONE CORPORATION 23
2015 Revenue: $0.5 Billion
At a Glance: Specialty Engineered Materials
2015 Revenue by Industry Expanding Profits
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6%
9.3%
12.1%
14.7% 15.2%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
YTD
2020
Operating Income % of Sales
Platinum
Vision
Consumer
20%
Transportation
19%
E & E
16%
W & C
15%
Healthcare
11% Industrial
8%
Packaging
5%
Appliances
3%
B & C
3%
United
States
49%
Europe
29%
Asia
20%
Canada
2%
Key Applications
POLYONE CORPORATION 24
2015 Revenue: $0.5 Billion
At a Glance: Designed Structures & Solutions
2015 Revenue by Industry Expanding Profits
1.4%
5.6%
7.3%
3.0%
8-10%
0.3%
2012 2013 2014 2015 2016 YTD 2020
Operating Income % of Sales
Platinum
Vision
Transportation
33%
Industrial
24%
Packaging
19%
B & C
9%
Healthcare
7%
Consumer
5%
Appliances
3%
United
States
97%
Canada
3%
Key Applications
http://www.google.com/url?
Investor Presentation - November 2016
IR Presentation - Q3 2016 - RW Baird.pdf
PolyOne Investor �Presentation�3Q 2016
Forward-Looking Statements
Use of Non-GAAP Measures
About PolyOne
What We Do
At a Glance
Slide Number 7
28 Consecutive Quarters of EPS Growth
Proof of Performance & 2020 Goals
Ours is Not a Cost Cutting Story
Innovation Drives Earnings Growth
Strategic Growth Opportunities
Primary Industries Served
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Free Cash Flow and Strong Balance Sheet �Fund Investment / Shareholder Return
Returning Cash to Shareholders
Why Invest In PolyOne?
https://www.avient.com/news/archives?page=46
April 20, 2018
SHANGHAI – April 20, 2018 – Next week at CHINAPLAS 2018, PolyOne will showcase how it helped Keystone Electric Wire & Cable Co.
New European Fire Safety Standards Met With PolyOne’s ECCOH™ Formulations for Wire and Cable
https://www.avient.com/sites/default/files/resources/Innovation_Day_-_May_2014_0.pdf
Richardson
Executive Vice President, Chief Financial Officer
PolyOne Corporation Page 15
Track Record of Accelerated Growth
Total Revenue Adjusted EPS Adjusted EBITDA
$2,061
$2,506
$2,709
$2,861
$3,771
2009 2010 2011 2012 2013
($ in millions, except EPS )
$105
$179
$202
$255
$344
2009 2010 2011 2012 2013
$0.13
$0.68
$0.82
$1.00
$1.31
2009 2010 2011 2012 2013
PolyOne Corporation Page 16
$0.31
$0.44
$0.20
$0.30
$0.40
Q1 2013 Q1 2014
Adjusted EPS
$42
$60
$20
$40
$60
Q1 2013 Q1 2014
Specialty Operating Income
($ millions)
Q1 2014 Financial Highlights
Growth momentum accelerates
driven by specialty platform
Specialty segments and
Distribution achieve record results
All segments increase operating
income compared to prior year
Revenue grew 25% versus
Q1 2013
+43%
+42%
$57
$79
$30
$60
$90
Q1 2013 Q1 2014
Adjusted Operating Income
($ millions)
+39%
PolyOne Corporation Page 17
Commitment to Operational Excellence
81%
96%
2006 2013
16.2%
10.9%
2006 2013
On-Time Delivery
Working Capital % of Sales
5.0%
31.0%
2006 2013
Percent of Associates Trained in LSS
Three consecutive years – CFO Magazine
Best Working Capital Management
Program in the chemical industry
World’s Best Business
Process Excellence
Program in 2012*
95 certified Black Belts
211 certified Green Belts
422 Project Leaders
World’s Best “Start-up
Program” for Lean Six Sigma
Deployment in 2009*
*Both awards received from International Quality and Productivity Center
PolyOne Corporation Page 18
Debt Maturities & Pension Funding – 3/31/14
Net Debt / EBITDA* = 1.9x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of March 31, 2014
($ millions)
Coupon Rates: 7.500% 7.375% 5.250%
*TTM 12/31/2013
** includes US-qualified pension plans only
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of March 31, 2014
PolyOne Corporation Page 19
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 1.4 million shares in
Q1 2014
Repurchased 6.4 million
shares since April 2013
13.6 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 20
3.07 3.05
1.81
1.45
1.82
1.54
0.85
3.15
1.17
1.69
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
0.91
PolyOne
Valuation Aspirations
PEG Ratio Comparison
Represents $38 of
share price upside
Avg = 1.96
PolyOne Corporation Page 21
Innovating for the Future
Dr.
Patterson
President and Chief Executive Officer
PolyOne Corporation Page 27
Well Positioned for Revenue Growth
Addressable Market by Platform
$540
$215
$120
$40
$260
$525
($ millions)
Design/Service
Sustainable
Solutions
Surface
Modification
Lightweighting
Thermal
Control
Flame
Retardancy
$1.0 - $2.0 Billion of revenue
generated from new
products in 5 years
Gross margin on new products
exceed current gross margin by at
least 10 percentage points
World class vitality index of ≥ 35%
2018
PolyOne Corporation Page 28
Megatrends Aligned with Key End Markets
Decreasing
Dependence
on Fossil
Fuels
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
PolyOne Corporation Page 29
2006 2013
Revenue
($ millions)
Health and Wellness Evolution
General
purpose
tubing
TPE applications
from GLS
Specialty tubing
Ergonomic
enhancements
Pre-certified
biocompatible
colorants
Highly
sophisticated
catheter and
drug delivery
components
Chemical and
heat
sterilizable
materials
Authentication
and protection
technologies
Addressing
wellness,
prevention,
diagnostic and
therapy changes in
healthcare setting
Healthcare
packaging
solutions
2006
2015 &
Beyond
$416
$105
PolyOne Corporation Page 30
Transportation Evolution
General
purpose
formulations
(bumpers, roof
racks)
Long fiber for
lightweighting
Thermal
management for
LED lighting
Thermoset
composite
pultrusions
Conductive
polymers for EMI
shielding
Formulations for
aerospace interiors
Thermoplastic
composites
High temperature
formulations for
aerospace
Expand 3D printing
capabilities
2006
2015 &
Beyond
2006 2013
Revenue
($ millions)
$709
$315
PolyOne Corporation Page 31
Packaging Evolution
Masterbatch
colors and PVC
packaging
materials
TPEs to enhance
brand appeal and
consumer
functionality
Liquid color and
additive
technologies to
extend shelf life,
preserve taste and
differentiate brands
Leveraging color,
additives and sheet
technology for
healthcare and
consumer packaging
solutions
2006
2015 &
Beyond
2006 2013
Revenue
($ millions)
$612
$260
PolyOne Corporation Page 32
Consumer Evolution
Commodity plastic
and masterbatch
color solutions
Engineered
materials to
enhance customer
appeal through
visual and
performance
improvements
Formulated metal-
to-polymer
conversion to
enhance
performance and
reduce
manufacturing
costs
Biopolymers &
composite materials
leveraging unique
color technology to
build brand identity
2006
2015 &
Beyond
2006 2013
Revenue
($ millions)
$394
$228
PolyOne Corporation Page 33
Interactive Display
Introduction
PolyOne Corporation Page 34
Interactive Displays
INNOVATION DISCUSSION LEADER TECHNOLOGIES M ARKETS
Polycast™ Bullet Resistant Sheet Aerospace
GlasArmor™ Ballistic Resistant Panels Security
reFlex™ Bio-Based Plasticizer Solutions
Wilflex™ Oasis Hydrate
InVisiO℠
Color Inspiration Forecast
In-Store Audits
OnColor™ Portfolio
Light Weighting
Thermal Management
Corrosion Resistance
Design Flexibility
Sustainability
Global Supply Chain
Ergonomics and Aesthetics
Consumer Appeal
9) Consume r Ele ctronics Solutions
Walter Ripple
General Manager
GLS
Personal Electronics
Wearable Electronics
Hand Held Devices
Portable Audio
7) M e tal Re place me nt Te chnology
Kurt Schuering
Vice President
Global Key Account Management
Aerospace
Transportation
Electrical & Electronics
Sporting and Shooting
8) M e dical De v ice Solutions
Dr.
Patterson
President and Chief Executive Officer
PolyOne Corporation Page 36
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 37
Innovation Drives Earnings Growth
$20
$53
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index
Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
PolyOne Corporation Page 38
Formula for Success
Innovation
Market
Beating
Performance
Excellence in Execution
PolyOne Corporation Page 39
Track Record of Successful Integrations and
Rapid Operating Income Growth
$12
$44
2007 2013
$22
$30
2012 2013
$24
$49
2012 2013
GLS ColorMatrix Spartech
OI in $ millions
PolyOne Corporation Page 40
2015 and Beyond
Innovation will drive the next
stage in our remarkable
transformation
Deliver on 2015
goals
Expand Specialty
offerings and
possibilities
Identified as a truly
global, specialty
chemical company
Market Potential Exceeds
$40 Billion
PolyOne Corporation Page 41
Driving Toward Premier Profitability
EBIT Margins for top tier
companies
Victrex 42%
Sigma Aldrich
18% FMC
25%
IFF 18%
Eastman 17%
Hexcel 16%
16%
Rockwood
Holdings
Celanese 14%
7% EBIT Margin – 2013
Albemarle 24%
Ecolab 13%
PolyOne Corporation Page 42
Bright Future & High Aspirations – The Next Seven Years
• % OP Income from Specialty - 5%
• Market Cap - $500 Million
• Revenue - $2.6 Billion
• Commodity Peers
• Specialty ROS - 1.5%
• % OP Income from Specialty - 62%
• Market Cap - $3.5 Billion
• Revenue - $3.7 Billion
• Specialty ROS - 9.4%
• % OP Income from Specialty - 80 to 90%
• Market Cap - $12 to $18 Billion
• Revenue - $8 to $10 Billion
• Specialty Peers
• Specialty ROS - ≥ 20%
2000 – 2006
2007 – 2013
2014 – 2020
PolyOne Corporation Page 43
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2022-04/Avient Q1 2022 Earnings Release.pdf
Avient will be hosting a webcast on Wednesday April 20, 2022 to discuss the Dyneema
transaction as well as its first quarter 2022 results.
Webcast Details
Avient will host a webcast on Wednesday, April 20, 2022 at 9:00 a.m.
In addition, a recording of the audio will be available for one week,
beginning at noon EST on Wednesday, April 20, 2022.
https://www.avient.com/sites/default/files/2023-09/SEM Services Capabilities Overview Brochure.pdf
Through both fully accredited testing and in-
house testing capabilities, our team uses state-of-
the-art equipment and software to generate data
for insight into material behavior, environmental
effects, and more.
Industrial Design
• Research methodologies
• Brainstorming/problem solving
• Concept sketching
• Ergonomic development
• 3D CAD modeling
• Photo rendering & 3D prototyping
• Color, material, & finish selection
• Design for manufacturing
Part/Tool/Process Design Optimization
Prototype Capabilities
• Over 10 injection molding machines ranging from
50–550 tons:
- Materials sampling and evaluation
• Fully automated continuous fiber reinforced
thermoplastic (CFRTP) injection-overmolding cell
- Prototyping combinations of injection
molded discontinuous fiber reinforced
thermoplastics with CFRTP inserts
• Full suite of auxiliary support equipment
including:
- Material drying
- Water and hot oil thermolators for
mold heating
- Ultrasonic welding for inserts
- Secondary & post operations
• 150-ton compression molding presses
• Profile extrusion
• Co-extrusion film and wire & cable
• Over 20 molds at varying geometries to
validate structural, application, and functional
performance.
Material Data Sets
• A number of material characterization data sets
are available in .udb, moldex 3D, xChange data
cards, and SIPOE format
Mold Filling Simulation (see examples below)
• Serves to validate part design (e.g., gate location,
fill/pack/warp/cool) & material solution
• Evaluates component design viability with
preferred Avient material solution
• Fiber analysis determines fiber orientation
and length
• Predicts part quality and manufacturability
(shrink, warp, weld line location)
FILLING PART QUALITYFIBER ORIENTATION
Finite Element Analysis (FEA)
• Virtually simulates how an application will perform in real-world conditions with a high
level of precision
• Able to represent a variety of problems, test methods, models and outputs to evaluate the design,
process and material combination for validation or optimization
• Dynamic
- Acceleration
- Impact
- Break/no break
- Transmitted force
- Energy absorption
• Thermal Mechanical
- Temperature Computational Fluid Dynamics (CFD)
- Heat path
- Dominant heat transfer
- Temperature mapping
- Coupling with mechanical simulations
FEA Simulation Capabilities
• Static
- Displacement/rotations
- Stress and strains
- Contact pressure
- Reaction forces/moments
- Factors of safety
• Vibration
- Eigen frequencies
- Harmonic response
○ Harmonic
displacement,
acceleration and stress
Software Used
• Autodesk Moldflow
• Digimat
• Simulia/Abaqus
• MSC Cradle
• CAD/CAE
- MSC Apex
- SolidWorks
Failure Mode Effect Analysis (FMEA) Support
By leveraging mold filling simulation,
multiphysics simulation, and the understanding
of the link between design, process and material,
we can help inform your decision-making
process for product development.
https://www.avient.com/sites/default/files/2023-05/SEM Services Capabilities Overview Brochure.pdf
Through both fully accredited testing and in-house
testing capabilities, our team uses state-of-the-
art equipment and software to generate data for
insight into material behavior, environmental
effects, and more.
Industrial Design
• Research methodologies
• Brainstorming/problem solving
• Concept sketching
• Ergonomic development
• 3D CAD modeling
• Photo rendering & 3D prototyping
• Color, material, & finish selection
• Design for manufacturing
Part/Tool/Process Design Optimization
Prototype Capabilities
• Over 10 injection molding machines ranging from
50–550 tons:
- Customer prototype molding
- Materials sampling and evaluation
• Fully automated continuous fiber reinforced
thermoplastic (CFRTP) injection-overmolding cell
- Prototyping combinations of injection
molded discontinuous fiber reinforced
thermoplastics with CFRTP inserts
• Full suite of auxiliary support equipment
including:
- Material drying
- Water and hot oil thermolators for
mold heating
- Ultrasonic welding for inserts
- Secondary & post operations
• 150-ton compression molding presses
• Profile extrusion
• Over 20 molds at varying geometries to
validate structural, application, and functional
performance.
Material Data Sets
• A number of material characterization data sets
are available in .udb, moldex 3D, and SIMPOE
format
Mold Filling Simulation (see examples below)
• Serves to validate part design (e.g., gate location,
fill/pack/warp/cool) & material solution
• Evaluates component design viability with
preferred Avient material solution
• Fiber analysis determines fiber orientation
and length
• Predicts part quality and manufacturability
(shrink, warp, weld line location)
FILLING PART QUALITYFIBER ORIENTATION
Finite Element Analysis (FEA)
• Virtually simulates how an application will perform in real-world conditions with a high
level of precision
• Able to represent a variety of problems, test methods, models and outputs to evaluate the design,
process and material combination for validation or optimization
FEA Simulation Capabilities
• Static
- Displacement/rotations
- Stress and strains
- Contact pressure
- Reaction forces/moments
- Factors of safety
• Vibration
- Eigen frequencies
- Harmonic response
○ Harmonic displacement,
acceleration and stress
Software Used
• Autodesk Moldflow
• Simulia/Abaqus
• MSC Cradle
• CAD/CAE
- MSC Apex
- SolidWorks
• Failure mode effect analysis (FMEA) support
By leveraging mold filling simulation, data software,
and physical simulation capabilities, we can help
inform your decision-making process.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Chile %28English and Spanish Translation%29.pdf
Buyer acknowledges that Seller has
furnished to Buyer Safety Data Sheets, which
include warnings together with safety and health
information concerning the Product and/or the
containers for such Product.
Data Protection.
El Comprador deberá
20.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Sweden.pdf
Buyer acknowledges that information in
Seller’s marketing materials, technical data sheets and other de-
scriptive publications distributed or published on its websites
beskrivs ovan ska alla utestående fordringar från Säljaren
omedelbart förfalla till betalning avseende de Produkter som
levererats till Köparen och inte återtagits av Säljaren.
10.
Buyer acknowledges that Seller has furnished
to Buyer Safety Data Sheets, which include warnings together
with safety and health information concerning the Product
and/or the containers for such Product.
Detta avtal kan inte förändras
genom att Säljaren bekräftar eller emottar inköpsorder eller
någon annan blankett innehållande ytterligare eller avvikande
villkor från Köparen.
20.
https://www.avient.com/sites/default/files/2023-10/Wire _ Cable Tri-fold Selection Guide_0.pdf
PRODUCT SELECTION GUIDE
WIRE & CABLE
SOLUTIONS
Specialty Engineered
Materials
High performance insulation, jacketing,
and cross-web formulations for the
wire and cable industry
Syncure™ XLPE Cross-linkable
Polyethylene Formulations
• Ambient curing
• Flame performance
• Resistant to heat, oil, creep,
& abrasion
• Low temperature properties
• Low capital investment
• High extrusion speeds
• DBDPE-free grades available
• UL/CSA bulletins
Maxxam™ FR Flame Retardant
Polyolefin Formulations
• FEP alternative
• Fire performance
• UL 444 & plenum yellow
card compliance
• Low dielectric
• High extrusion speeds
• Thin wall extrudability
Maxxam™ SY Foamable Flame
Retardant Formulations
• Low dielectric
• Uniform cell structure
• Crush & heat resistance
• Ease of chemical foaming
ECCOH™ Low Smoke and Fume
Non-Halogen Formulations
• Improved fire safety
• Low smoke, fume, non-halogen
(LSFOH) formulations
• Chemical resistance
ECCOH™ XL Cross-Linkable Solutions
• Non-halogen, low smoke, toxicity,
& corrosiveness
• Excellent mechanical & electrical
properties
• Easily processed
• Operating temperature of 90°C
• Moisture cure technology
Synprene™ Flame Retardant
Thermoplastic Elastomers
• Flexibility
• Flame performance
• Low temperature
brittleness (LTB) resistance
• Chemical resistance
• Easily colored
FireCon™ CPE Insulation Jacketing
Formulations
• Resistance to harsh environments
• Low temperature performance
• Flame performance
• High extrusion speeds
• Sunlight resistance
FEATURES SPECIFICATION
ECCOH™ XL 8148 Non-halogen, low smoke, toxicity, & corrosiveness EN50618
Syncure™ S100FH Horizontal flame UL 44
Syncure™ S100FH-XUV Horizontal flame, UV resistant UL 44
Syncure™ S100FH-UV Horizontal flame, FV-1 flame, UV resistant UL 44, UL 4703
Syncure™ S100FV VW-1 flame UL 44
Syncure™ S100FV-UV VW1, UV resistant UL 44
Syncure™ S112NA Non-flame retardant CSA 22.2
Syncure™ S120NA Non-flame retardant NSF 61
Syncure™ S200FH Horizontal flame, DBDPE-free UL 44
Syncure™ S200FV VW-1, DBDPE-free UL 44
INSULATION FOR POWER CABLE SYSTEMS
Low Voltage Power Cables
• Flame performance
• Resistance to heat, oil, creep, & abrasion
• Low temperature performance
• Low capital investment
• High extrusion speeds
INSULATION & CROSS-WEBS FOR DATA CABLE SYSTEMS
Category Cables
• FEP alternative
• Flame performance
• Low dielectric constant
• High extrusion speeds & thin wall capability
• Chemical resistance
• Low temperature performance
• Flexibility
FEATURES SPECIFICATION
Maxxam™ FR 0521-48 R1 Low smoke & fume, non-halogen UL 444
Maxxam™ FR 0587-21 R3 Halogenated to plenum performance UL 444
Optical Fiber Cables
• Resistance to harsh environments, chemicals, & sunlight
• Low temperature brittleness (LTB) resistance
• Low smoke & toxicity
• Flexibility
• High extrusion speeds
FEATURES SPECIFICATION
ECCOH™ 6649 UV Low DD Low smoke & fume, non-halogen Meets customer-specific flame requirements
Coaxial Cables
• Flexibility
• High extrusion speeds
• Low dielectric constant
• Uniform cell structure
• Crush & heat resistance
FEATURES SPECIFICATION
Maxxam™ SY 89-22-7 Foamable Meets customer-specific flame requirements
JACKETING FOR POWER & DATA CABLE SYSTEMS
Low & Medium Voltage Jacketing
• Resistance to harsh environments, chemicals, & UV degradation
• Low temperature brittleness (LTB) resistance
• Low smoke & toxicity
• Flexibility
• High extrusion speeds
• Easily colored
FEATURES SUBMARKETS & USES
FireCon™ CPE 30-33 RoHS Black Flame retardant, flexible Building & construction, industrial, nuclear
FireCon™ CPE 37-36 RoHS Black Flame retardant, flexible Building & construction, industrial, nuclear
FireCon™ CPE 30-20 RoHS Natural Flame retardant, flexible Building & construction, industrial, nuclear
ECCOH™ 5549 UV Low smoke & fume, non-halogen, flame retardant Building & construction, industrial
ECCOH™ 6649 UV Low DD Low smoke & fume, non-halogen, flame retardant Optical fiber, ducts
ECCOH™ 5981 UV Low smoke & fume, non-halogen, flame retardant Industrial, Teck 90 wire
Synprene™ RT5180 Flame retardant, LTB resistance Building & construction, industrial
Synprene™ RT5180UV Flame retardant, LTB resistance Building & construction, industrial
Synprene™ RT3870M Flame retardant, LTB resistance Building & construction, industrial
1.844.4AVIENT
www.avient.com
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/resources/Innovation%2520Day%2520-%2520May%25202014.pdf
Richardson
Executive Vice President, Chief Financial Officer
PolyOne Corporation Page 15
Track Record of Accelerated Growth
Total Revenue Adjusted EPS Adjusted EBITDA
$2,061
$2,506
$2,709
$2,861
$3,771
2009 2010 2011 2012 2013
($ in millions, except EPS )
$105
$179
$202
$255
$344
2009 2010 2011 2012 2013
$0.13
$0.68
$0.82
$1.00
$1.31
2009 2010 2011 2012 2013
PolyOne Corporation Page 16
$0.31
$0.44
$0.20
$0.30
$0.40
Q1 2013 Q1 2014
Adjusted EPS
$42
$60
$20
$40
$60
Q1 2013 Q1 2014
Specialty Operating Income
($ millions)
Q1 2014 Financial Highlights
Growth momentum accelerates
driven by specialty platform
Specialty segments and
Distribution achieve record results
All segments increase operating
income compared to prior year
Revenue grew 25% versus
Q1 2013
+43%
+42%
$57
$79
$30
$60
$90
Q1 2013 Q1 2014
Adjusted Operating Income
($ millions)
+39%
PolyOne Corporation Page 17
Commitment to Operational Excellence
81%
96%
2006 2013
16.2%
10.9%
2006 2013
On-Time Delivery
Working Capital % of Sales
5.0%
31.0%
2006 2013
Percent of Associates Trained in LSS
Three consecutive years – CFO Magazine
Best Working Capital Management
Program in the chemical industry
World’s Best Business
Process Excellence
Program in 2012*
95 certified Black Belts
211 certified Green Belts
422 Project Leaders
World’s Best “Start-up
Program” for Lean Six Sigma
Deployment in 2009*
*Both awards received from International Quality and Productivity Center
PolyOne Corporation Page 18
Debt Maturities & Pension Funding – 3/31/14
Net Debt / EBITDA* = 1.9x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of March 31, 2014
($ millions)
Coupon Rates: 7.500% 7.375% 5.250%
*TTM 12/31/2013
** includes US-qualified pension plans only
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of March 31, 2014
PolyOne Corporation Page 19
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 1.4 million shares in
Q1 2014
Repurchased 6.4 million
shares since April 2013
13.6 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 20
3.07 3.05
1.81
1.45
1.82
1.54
0.85
3.15
1.17
1.69
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
0.91
PolyOne
Valuation Aspirations
PEG Ratio Comparison
Represents $38 of
share price upside
Avg = 1.96
PolyOne Corporation Page 21
Innovating for the Future
Dr.
Patterson
President and Chief Executive Officer
PolyOne Corporation Page 27
Well Positioned for Revenue Growth
Addressable Market by Platform
$540
$215
$120
$40
$260
$525
($ millions)
Design/Service
Sustainable
Solutions
Surface
Modification
Lightweighting
Thermal
Control
Flame
Retardancy
$1.0 - $2.0 Billion of revenue
generated from new
products in 5 years
Gross margin on new products
exceed current gross margin by at
least 10 percentage points
World class vitality index of ≥ 35%
2018
PolyOne Corporation Page 28
Megatrends Aligned with Key End Markets
Decreasing
Dependence
on Fossil
Fuels
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
PolyOne Corporation Page 29
2006 2013
Revenue
($ millions)
Health and Wellness Evolution
General
purpose
tubing
TPE applications
from GLS
Specialty tubing
Ergonomic
enhancements
Pre-certified
biocompatible
colorants
Highly
sophisticated
catheter and
drug delivery
components
Chemical and
heat
sterilizable
materials
Authentication
and protection
technologies
Addressing
wellness,
prevention,
diagnostic and
therapy changes in
healthcare setting
Healthcare
packaging
solutions
2006
2015 &
Beyond
$416
$105
PolyOne Corporation Page 30
Transportation Evolution
General
purpose
formulations
(bumpers, roof
racks)
Long fiber for
lightweighting
Thermal
management for
LED lighting
Thermoset
composite
pultrusions
Conductive
polymers for EMI
shielding
Formulations for
aerospace interiors
Thermoplastic
composites
High temperature
formulations for
aerospace
Expand 3D printing
capabilities
2006
2015 &
Beyond
2006 2013
Revenue
($ millions)
$709
$315
PolyOne Corporation Page 31
Packaging Evolution
Masterbatch
colors and PVC
packaging
materials
TPEs to enhance
brand appeal and
consumer
functionality
Liquid color and
additive
technologies to
extend shelf life,
preserve taste and
differentiate brands
Leveraging color,
additives and sheet
technology for
healthcare and
consumer packaging
solutions
2006
2015 &
Beyond
2006 2013
Revenue
($ millions)
$612
$260
PolyOne Corporation Page 32
Consumer Evolution
Commodity plastic
and masterbatch
color solutions
Engineered
materials to
enhance customer
appeal through
visual and
performance
improvements
Formulated metal-
to-polymer
conversion to
enhance
performance and
reduce
manufacturing
costs
Biopolymers &
composite materials
leveraging unique
color technology to
build brand identity
2006
2015 &
Beyond
2006 2013
Revenue
($ millions)
$394
$228
PolyOne Corporation Page 33
Interactive Display
Introduction
PolyOne Corporation Page 34
Interactive Displays
INNOVATION DISCUSSION LEADER TECHNOLOGIES M ARKETS
Polycast™ Bullet Resistant Sheet Aerospace
GlasArmor™ Ballistic Resistant Panels Security
reFlex™ Bio-Based Plasticizer Solutions
Wilflex™ Oasis Hydrate
InVisiO℠
Color Inspiration Forecast
In-Store Audits
OnColor™ Portfolio
Light Weighting
Thermal Management
Corrosion Resistance
Design Flexibility
Sustainability
Global Supply Chain
Ergonomics and Aesthetics
Consumer Appeal
9) Consume r Ele ctronics Solutions
Walter Ripple
General Manager
GLS
Personal Electronics
Wearable Electronics
Hand Held Devices
Portable Audio
7) M e tal Re place me nt Te chnology
Kurt Schuering
Vice President
Global Key Account Management
Aerospace
Transportation
Electrical & Electronics
Sporting and Shooting
8) M e dical De v ice Solutions
Dr.
Patterson
President and Chief Executive Officer
PolyOne Corporation Page 36
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 37
Innovation Drives Earnings Growth
$20
$53
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index
Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
PolyOne Corporation Page 38
Formula for Success
Innovation
Market
Beating
Performance
Excellence in Execution
PolyOne Corporation Page 39
Track Record of Successful Integrations and
Rapid Operating Income Growth
$12
$44
2007 2013
$22
$30
2012 2013
$24
$49
2012 2013
GLS ColorMatrix Spartech
OI in $ millions
PolyOne Corporation Page 40
2015 and Beyond
Innovation will drive the next
stage in our remarkable
transformation
Deliver on 2015
goals
Expand Specialty
offerings and
possibilities
Identified as a truly
global, specialty
chemical company
Market Potential Exceeds
$40 Billion
PolyOne Corporation Page 41
Driving Toward Premier Profitability
EBIT Margins for top tier
companies
Victrex 42%
Sigma Aldrich
18% FMC
25%
IFF 18%
Eastman 17%
Hexcel 16%
16%
Rockwood
Holdings
Celanese 14%
7% EBIT Margin – 2013
Albemarle 24%
Ecolab 13%
PolyOne Corporation Page 42
Bright Future & High Aspirations – The Next Seven Years
• % OP Income from Specialty - 5%
• Market Cap - $500 Million
• Revenue - $2.6 Billion
• Commodity Peers
• Specialty ROS - 1.5%
• % OP Income from Specialty - 62%
• Market Cap - $3.5 Billion
• Revenue - $3.7 Billion
• Specialty ROS - 9.4%
• % OP Income from Specialty - 80 to 90%
• Market Cap - $12 to $18 Billion
• Revenue - $8 to $10 Billion
• Specialty Peers
• Specialty ROS - ≥ 20%
2000 – 2006
2007 – 2013
2014 – 2020
PolyOne Corporation Page 43
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?