https://www.avient.com/sites/default/files/2023-03/AVNT Mar 2023 Earnings Presentation.pdf
Microsoft PowerPoint - AVNT Mar 2023 Earnings Presentation AVIENT CORPORATION I N V E S T O R P R E S E N T A T I O N (NYSE: AVNT) M A R C H 2 0 2 3 DISCLAIMER Forward-Looking Statements Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
EPS (1) $0.14 $2.67 $3.04 2006 2018 2022PF TOP-TIER SUSTAINABILITY PERFORMANCE AND RECOGNITION Industry Sustainability Standards 90th percentile 84th ESG Ratings Performance 3 1 4 14 PEOPLE C U L T U R E I S E V E R Y T H I N G Community Service 7x Safer than Industry Average World-Class Safety Leadership Development Over $17 million raised since 2010 Diversity & Inclusion 15 2022 RE SU LT S Q4 EBITDA BRIDGE (PRO FORMA TOTAL COMPANY) 17 $ millions CAI: Price / Mix 42 Inflation (20) SEM: Price / Mix 14 Inflation (10) Net Price Benefit 26 Wage and Energy Inflation (13) Clariant Color Integration Synergies 4 Incentives, Other Employee Costs 21 FX (10) Q4 2022 $107 Adjusted EBITDA Q4 2021 $ 132 Demand (50) Russia Import Sales (3) • Demand contraction especially prevalent in EMEA and Asia • Pricing continues to cover inflation of raw materials, wages and energy PROVEN TRACK RECORD OF STRONG AND IMPROVING FREE CASH FLOW GENERATION 18 • Periods of economic weakness have driven higher levels of cash generation due to working capital management • Anticipate continued strong free cash flow generation and conversion despite global uncertainty 78% 78% 80% 80% 81% 78% 84% 83% 80% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 50 100 150 200 250 300 350 400 F re e C as h F lo w C o n ve rs io n F re e C as h F lo w FCF $ AVNT FCF Conversion % S&P FCF Conversion % Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. 2020 is pro forma for Clariant Color and 2022 is pro forma for Avient Protective Materials. $600 $592 2021 2022 $3.02 $3.04 2021 2022 FULL YEAR 2022 PERFORMANCE (TOTAL COMPANY PRO FORMA) 19 Sales Adjusted EBITDA $3,712 $3,653 2021 2022 -2% Adjusted EPS -1% + 1% (in millions) (in millions) (+4% excluding FX) (+5% excluding FX) (+9% excluding FX) FULL YEAR 2022 SEGMENT PERFORMANCE 20 CAI $2,402 $2,355 Sales ($ in millions) $409 $402 EBITDA SEM Pro Forma $1,308 $1,300 Sales $278 $272 EBITDA (+4% excluding FX) - 2% -1% (+5% excluding FX) - 2% (+4% excluding FX) - 2% (+2% excluding FX) PRO FORMA FULL YEAR EPS BRIDGE 21 Pro Forma 2021 Adjusted EPS 3.02$ Foreign Currency (0.23) Russia Import Sales (0.07) Outdoor High Performance (0.13) Color, Additives and Inks 0.18 Specialty Engineered Materials 0.24 Corporate Costs / Other 0.03 Pro Forma 2022 Adjusted EPS 3.04$ FULL YEAR EBITDA BRIDGE (PRO FORMA TOTAL COMPANY) 22 $ millions CAI: Price / Mix 247 Inflation (176) SEM: Price / Mix 121 Inflation (77) Net Price Benefit 115 Wage and Energy Inflation (47) Clariant Color Integration Synergies 23 Incentives, Other Employee Costs 43 FX (34) Full Year 2022 $592 Adjusted EBITDA Full Year 2021 $ 600 Demand (99) Russia Import Sales (9) • Demand primarily impacted by China lockdowns, 4th quarter industrywide destocking and declining consumer sentiment • Pricing outpaced inflation of raw materials, wages and energy 2023 G U IDA N CE $125 $530 Q1 FY $0.55 $2.40 Q1 FY 2023 GUIDANCE 24 Sales Adjusted EBITDA $845 $3,450 Q1 FY Adjusted EPS (in millions) (in millions) CASH FLOW / BALANCE SHEET 25 • IT investment to further integrate acquired businesses and capture operational efficiencies • Restructuring actions to streamline operations and improve profitability, primarily in Europe ($ millions) 2023E Cash Flow from Operating Activities 350$ Less: Run-Rate CapEx (110) CapEx for IT System Upgrade (25) CapEx for Restructuring (15) Total CapEx (150) Free Cash Flow 200$ Adjusted EBITDA 530$ Net Debt / Adjusted EBITDA 2.9x K E Y G R O W T H D R I V E R S A N D T R A N S F O R M E D P O R T F O L I O GROWTH DRIVERS: PROVEN SUCCESS 27 (1) Pro forma for the acquisition of Avient Protective Materials (APM) COMPOSITES $51 $84 $212 $668 2016 2018 2020 2022 Long Term Growth Rate 10% Organic CAGR 10% HEALTHCARE $108 $113 $231 $293 2016 2018 2020 2022 Long Term Growth Rate 8-10% Organic CAGR 11% ASIA/EMERGING REGIONS $265 $358 $726 $830 2016 2018 2020 2022 Long Term Growth Rate 5% Organic CAGR 12% $340 $455 $790 2016 2018 2020 2022 $1,175 SUSTAINABLE SOLUTIONS Long Term Growth Rate 8-12% Organic CAGR 11% (1) (1)(1) (Sales in $ millions) #1 Color Formulator Dyneema® - World’s Strongest Fiber™ #1 in Composites applications for outdoor high performance #1 in Performance Inks Customized solutions 140+ PhDs on staff Rapid development of innovative products Extensive patent (2,500+) portfolio 33% Vitality Index Better-positioned toward stable, high-growth end markets Consumer, packaging, healthcare and defense comprise nearly 60% of sales Agnostic to raw materials, helping all customers achieve their goals Broad portfolio of diversified sustainable solutions 90%+ of our innovation pipeline invested in sustainable solutions Long-term growth rate well above GDP with expectations of 8-12% LEVERAGING OUR TRANSFORMED PORTFOLIO 28 Healthcare 8% Packaging 24% Consumer 20% Building & Construction 10% Industrial 15% Transportation 9% Energy 4% Telecom. 4% 2022 PF $3.65B sales Defense 6% Leading Positions Sustainable SolutionsDiversified IndustriesSpecialty Formulator (1) 2022 Pro forma for the acquisition of Avient Protective Materials (2) 2020 Pro forma for the acquisition of Clariant Color (1)(2) (1) $340M $455M $790M 2016 2018 2020PF 2022PF $1,175M P EE R C O M PAR IS O N S AVIENT IS ASSET LIGHT Capex / Revenue 2023E (%) Avient Specialty Formulators Other Specialty / Chemical Companies Source: Peer data per Bloomberg as of February 13, 2023 Note: Avient reflects 2023 estimated revenue of $3,450 and estimated run-rate CAPEX of $110M. 30 3 2 3 3 4 4 3 4 5 5 5 6 7 7 A vi en t K W R P P G F U L A V Y R P M F M C H U N H X L C E E C L A S H S C L E M N FREE CASH FLOW CONVERSION Source: Peer data per Bloomberg as of February 13, 2023 Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
Avient Specialty Formulators Other Specialty / Chemical Companies 2023E(%) 31 79 87 81 79 76 73 90 77 76 75 73 64 59 33 A vi en t K W R P P G F U L A V Y R P M F M C C E A S H H X L E C L H U N E M N S C L MULTIPLE EXPANSION Avient Specialty Formulators Other Specialty / Chemical Companies Source: Peer data per Bloomberg as of February 13, 2023 Note: Avient reflects 2023 adjusted EBITDA guidance of $530M and closing share price of $38.89.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520Sidoti%2520wNonGAAP%2520Rec.pdf
Page 2 Use of Non GAAP Measures • This presentation includes the use of both GAAP (generally accepted accounting principles) and non‐GAAP financial measures.
EPS: $2.50 Assumptions • High single digit organic revenue CAGR • Operating margins in mid range of 2015 targets • No global recession• No global recession • No investment in incremental PP&S capacity • Completion of 2‐3 midsize accretive acquisitions • No divestitures • Housing starts at 85% of 50 year norm by 2015 R i f t bl b l 3X N t 2012 $ • Remain comfortably below 3X Net Debt / EBITDA Page 13 Rev: $3.0B Adj.
EPS: $1.20 Proforma Debt Maturities & Liquidity Summary – 12/31/12 (Reflecting Financing & Spartech Acquisition) • Total Debt at 12/31/12 h $1,010 $297 $360 $300 $400 Debt Maturities As of December 31, 2012 ($ millions) Less: Cash Net Debt 213 $797 $50 $297 $100 $200 • Available Liquidity Cash $213 $800 Debt Maturities As of December 31, 2012 P f f 2/13 Fi i $50 $0 2015 2017 2020 Interest Rates: 7.500% 5.000% 7.375% Cash ABL Availability Total Liquidity $213 271 $484 $600 $400 $600 Proforma for 2/13 Financing ($ millions) Total Liquidity • Net Debt / EBITDA = 2.0x* $484 $50 $360 $0 $200 • Net Debt / EBITDA = 2.35x** $50$0 2015 2020 2023 Page 14 Interest Rates: 7.500% 7.375% 5.250% *Assumes $65 million of synergies related to Spartech acquistion **Assumes no synergies related to Spartech acquistion Use of Cash Share DividendsOrganic G Acquisitions • Repurchased 1 2 Repurchase • Introduced a Dividends • Expanding our Growth T t th t d Acquisitions • Repurchased 1.2 million shares in 2012 • 20.0 million shares are il bl f • Introduced a quarterly dividend in Q1 2011 and increased in Q1 2012 (25%) and Q1 2013 (20%) • Expanding our sales, marketing, and technical capabilities is top priority • Investing in • Targets that expand our: • Specialty offering • End market presence • Geographic footprint available for repurchase under the current authorization Q1 2013 (20%) • Objective of maintaining and growing Investing in operational and LSS initiatives (including synergy capture) • CAPEX • Synergy opportunities • Adjacent material solutions Proforma Cash Balance = $213M N t D bt / EBITDA* 2 0X CAPEX Net Debt / EBITDA* = 2.0X *Adjusted EBITDA assumes synergies related to the Spartech acquisition are realized at close; preliminary synergies estimated at $65M and are expected to be achieved over a 3-year period Page 15 Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202018.pdf
INVESTOR DAY O R L A N D O , F L O R I D A | M A Y 2 0 1 8 FORWARD LOOKING STATEMENTS PolyOne Corporation 2 In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Patterson Chairman, President and CEO INTRODUCTION B O B P A T T E R S O N PolyOne Corporation 7 PolyOne Corporation 8 H I S T O R I C P A S T I N S P I R E D F U T U R E S U S T A I N A B I L I T Y A T P O L Y O N E PolyOne Corporation 9 P E O P L E P R O D U C T S P L A N E T S A F E T Y F I R S T PolyOne Corporation 10 1.3 1.1 1.1 0.85 0.65 0.57 0.54 0.97 0.84 0.74 0.74 0.69 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Injuries per 100 Workers Spartech Acquisition T H E P O L Y O N E A C A D E M Y PolyOne Corporation 11 Leadership Program Participants 2012 2013 2014 2015 47 0 86 2016 2017 125 169 216 Campus Hires 2008 2011 2014 2017 0 25 90 47 S U S T A I N A B L Y I M P A C T I N G D I V E R S E E N D M A R K E T S PolyOne Corporation 12 With emphasis on: • Light-weighting • Reducing packaging materials • Improving recyclability • Reducing spread of infection • Facilitating alternative energy solutions Transportation 18% Industrial 16% Building & Construction 12% Consumer 12% Packaging 11% Healthcare 11% Wire & Cable 9% Electrical & Electronics 6% Appliance 5% P R O D U C T S A N D P O R T F O L I O O P T I M I Z A T I O N PolyOne Corporation 13 R E I N V E S T G R O WD I V E S T ( D S S ) OUR PLANET PolyOne Corporation 14 Energy Saving Projects 26 10% REDUCTION 47 11% REDUCTION Waste Reduction Projects 2,557 LSS Projects Executed 202 PolyOne LSS Blackbelts 2011 2014 2017 202 2008 147 67 0 0 2,557 2008 2017 S U S T A I N A B I L I T Y A T P O L Y O N E PolyOne Corporation 15 P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E 2009 2010 2011 2012 2013 2014 2015 2016* 2017* A D J U S T E D E P S E X P A N S I O N C O N S E C U T I V E Y E A R S PolyOne Corporation 16 8 $0.13 $0.68 $0.82 $1.00 $1.31 $1.80 $1.96 $2.06 $2.21 *Pro Forma for sale of DSS E A R L Y Y E A R S D E F I N E D B Y S P E C I A L T Y M I X I M P R O V E M E N T PolyOne Corporation 17 2% 65% 2005 2014 $5M $242M + 25% + 33% Specialty OI % of Operating Income C O M M O D I T Y P R U N I N G H E L D O R G A N I C S A L E S F L A T PolyOne Corporation 18 2010 2011 2012 2013 2014 Acquisitions Organic Revenue 531 680130 153 504 618 2014 Q1 2018 R&D / Technical Marketing Sales I N V E S T M E N T I N COMMERCIAL RESOURCES D R I V I N G R E S U L T S PolyOne Corporation 19 Increased commercial headcount Largest organic revenue growth since recession $2.9 $2.9 $3.2 2015 2016 2017 Revenue in billions of $ + 28% + 18% + 23% Total + 10% Organic + 7% S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H PolyOne Corporation 20 P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E Double digit annual EPS growth Expand specialty portfolio with strategic acquisitions Innovate and develop new technologies and services Repurchase 600K-1M shares annually Increase commercial resources 6-8% annually Double acquired company margins Enhance efficiencies through Lean Six Sigma and commercial excellence 5.0% 14.0% 15.0% 16-17% 2006 2017 Platinum Vision Updated Expectations R A I S I N G T H E B A R R O I C D R I V E S S H A R E H O L D E R R E T U R N PolyOne Corporation 21 COMMERCIAL EXCELLENCE PolyOne Corporation 22 M I C H A E L G A R R A T T C O M M E R C I A L R E S O U R C E S I N N O V A T I O NS E R V I C E S T R A T E G I C I N V E S T M E N T I N 3 K E Y A R E A S PolyOne Corporation 23 531 680130 153 504 618 2014 Q1 2018 R&D / Technical Marketing Sales K E Y C O M M E R C I A L I N V E S T M E N T S PolyOne Corporation 24 Increased commercial headcount + 28% + 18% + 23% Generating opportunities 35% more sales calls 25% more marketing campaigns 1,000 new customers, expanding customer base by 5% $1.0B increase in new opportunities Enhancing efficiency 8% reduction of average territory size, enabling greater customer focus 20% more prospecting calls N E W R E S O U R C E S F U E L I N G T H E F U T U R E PolyOne Corporation 25 P O L Y O N E S A L E S F U N N E L +34% 2014 $3.0 billion 2017 $4.0 billion A L I G N I N G W I T H T R E N D S F O R G R O W T H T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R PolyOne Corporation 26 Facilitate alternative energy solutions Light- weighting Reduce packaging materials Improve recyclability Reduce spread of infection I N N O V A T I O N PolyOne Corporation 27 3 Horizons of Development Customization 55% M&A 30% Innovation Pipeline 15% Transformational Opportunity for Growth Through M&A Adjacent Opportunity for Growth Through New Product Pipeline Core Business Focus Innovation comes from 3 H O R I Z O N S O F D E V E L O P M E N T PolyOne Corporation 28 Transformational Opportunity for Growth Through M&A Adjacent Opportunity for Growth Through New Product Pipeline Core Business Focus New development adjacent to our existing technology base New development beyond our current technology base Development within our current technology base Service adjacent markets and customers Create new markets, target new customer needs Service existing markets and customers Market Technical I N N O V A T I O N Transformational Opportunity for Growth Through M&A Adjacent Opportunity for Growth Through New Product Pipeline Core Business Focus 3 H O R I Z O N S O F D E V E L O P M E N T PolyOne Corporation 29 Service adjacent markets and customers Create new markets, target new customer needs Service existing markets and customers Market Technical I N N O V A T I O N Gordon/Polystrand – Composites GLS – Thermoplastic Elastomers ColorMatrix – Liquid Color & Additives New development adjacent to our existing technology base New development beyond our current technology base Development within our current technology base Transformational Opportunity for Growth Through M&A Adjacent Opportunity for Growth Through New Product Pipeline Core Business Focus 3 H O R I Z O N S O F D E V E L O P M E N T PolyOne Corporation 30 Service adjacent markets and customers Create new markets, target new customer needs Service existing markets and customers Market Technical I N N O V A T I O N Non-Halogen Flame Retardant Polymers Barrier Technologies Fiber Colorants Advanced Composites Thermoplastic Elastomers New development adjacent to our existing technology base New development beyond our current technology base Development within our current technology base I N N O V A T I O N P I P E L I N E PolyOne Corporation 31 PrototypeFrame Opportunity Scale-up & Test Market Build Business Case Commercial Launch Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 8 5 6 2 1 15 4 10 5 11 4 5 7 Breakthrough Platform Derivative Number of Projects 26 16 20 15 2 79 Color Technologies – – $335 $670 $410 19 $1,415 Barrier Additives – – $160 $255 – 8 $415 Flame Retardant Polymers – – $200 $50 – 14 $250 Thermoplastic Elastomers – – $410 $80 $30 17 $520 Advanced Composites – – $100 $40 – 8 $140 Specialty Vinyl Formulations – – $25 $75 – 13 $100 Total Addressable Market ($ millions) – – $1,230 $1,170 $440 $2,840 12% 38% 2006 2017 $20 $52 2006 2017 Research & Development Spend ($ millions) Vitality Index % of sales from products launched last 5 years I N N O V A T I O N D R I V E S E A R N I N G S G R O W T H PolyOne Corporation 32 A U N I Q U E C U S T O M E R E X P E R I E N C E Industrial Design IQ DESIGN LABS PolyOne Corporation 33 Material & Color Expertise Manufacturing Expertise 3 14 2014 2017 Industrial designers $0 $7M 2014 2017 $4M $40M 2014 2017 Opportunity funnel New business revenue 3 D P R I N T I N G B R I N G I N G N E W I D E A S T O L I F E PolyOne Corporation 34 Enables validation of fit and function Shortens design cycle and time to market Avoids tooling rework Drives innovation Delivers substantial customer value LSS CUSTOMER FIRST PolyOne Corporation 35 Customer Projects Enables sales growth by building more intimate customer relationships, giving us insight to customers’ needs, with a service that is not easily replicated 2014 2017 2 85 Lead Specialists T H E E V O L V I N G C U S T O M E R R E L A T I O N S H I P PolyOne Corporation 36 Expanded Path Traditional Path Strategic Accounts/ Field Sales Business Development Customer Service Web and Social Media Inside Sales PolyOne Corporation 37 Investments in digital and dedicated inside sales to improve customer experience 80% increase in leads (from 6,000 to 11,000) driven by website, phone, and online chat EXPANDED PATH A D D I N G C U S T O M E R T O U C H P O I N T S 4 21 2014 2017 Inside sellers $11M $88M 2014 2017 Inside sales/digital revenue C O M M E R C I A L R E S O U R C E S I N N O V A T I O N S E R V I C E I N S P I R E D F U T U R E 6-8% annual increase in commercial resources 4 focused end-markets aligned with global megatrends 5 strategic innovation platforms 30% increase in IQ Design projects 35% increase in revenue from inside sales/digital ≥35% vitality index PolyOne Corporation 38 I N N O V A T I N G W I T H P O L Y O N E PolyOne Corporation 39 SEGMENT REVIEWS POLYONE DISTRIBUTION PolyOne Corporation 40 S C O T T H O R N D I S T R I B U T I O N E N D M A R K E T S & S U P P L I E R S PolyOne Corporation 41 Transportation 23% Healthcare 22% Industrial 18% Consumer 15% Appliance 7% Electrical & Electronics 6% Building & Construction 4% Packaging 3% Wire & Cable 2% $20 $25 $63 $73 2.9% 4.0% 5.9% 6.3% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 15 25 35 45 55 65 75 2005 2009 2013 2017 Operating Income & Margin2017 Revenue | $1.2 Billion http://www.polyone.com/Pages/VariationRoot.aspx http://www.polyone.com/Pages/VariationRoot.aspx S E R V I C E I S O U R B U S I N E S S PolyOne Corporation 42 Uniquely positioned to help our customers grow their brand and value-added solutions 1.2B $ Annual Sales 250 Global Employees 24 Strategic Presence 132 Sales Reps Warehouse Locations 6 Service Centers Dedicated Commercial Team S E R V I C E I S O U R B U S I N E S S S A F E L Y A N D R E S P O N S I B L Y PolyOne Corporation 43 95% on-time delivery Customer/Product Combinations 14,000 Transactions/Month In-Person Customer Visits 6,500 27,000 $ K E Y C O M M E R C I A L I N V E S T M E N T S PolyOne Corporation 44 Generating opportunities 37% more sales calls $65M in new revenue from inside sales $400M increase in new opportunities Enhancing efficiency 24% increase in close rate 51% increase in prospecting calls Increased commercial headcount 119 13211 1315 23 2014 Q1 2018 Sales R&D / Technical Marketing + 18% + 53% + 11% PolyOne Corporation 45 Providing differentiated services that meet the needs of the changing customer landscape G R O W T H T H R O U G H I N S I D E S A L E S $4 $65 2014 2017 PolyOne Distribution Inside Sales $ in millions PolyOne Corporation 46 G R O W T H T H R O U G H M U L T I P L E S A L E S C H A N N E L S Technical Field Sales Key Accounts / Industry Sales Inside Sales Serving a broad spectrum of customers Leveraging digital systems to drive awareness and enhance the customer experience N E W R E S O U R C E S F U E L I N G T H E F U T U R E PolyOne Corporation 47 P O D S A L E S F U N N E L +27% 2014 $1.2 billion 2017 $1.6 billion C O M M E R C I A L R E S O U R C E S I N N O V A T I O N S E R V I C E I N S P I R E D F U T U R E 6-8% annual increase in commercial resources >10% annual increase in revenue from inside sales and digital with expanded customer touch points 8% annual expansion of sales funnel with best-in-class service and technical expertise 6-8% compound annual operating income growth 6-7% operating margins PolyOne Corporation 48 SPECIALTY ENGINEERED MATERIALS PolyOne Corporation 49 M I C H A E L G A R R A T T S P E C I A L T Y E N G I N E E R E D M A T E R I A L S E N D M A R K E T S & S O L U T I O N S PolyOne Corporation 50 Engineered Formulations Advanced Composites Thermoplastic Elastomers Consumer 20% Transportation 19% Electrical & Electronics 15% Wire & Cable 13% Healthcare 11% Industrial 8% Packaging 7% Appliance 4% Building & Construction 3% S P E C I A L T Y E N G I N E E R E D M A T E R I A L S Revenue by Region Operating Income & Margin 2 0 1 7 R E V E N U E | $ 6 2 4 M I L L I O N PolyOne Corporation 51 $21 $57 $76 0.1% 5.1% 9.3% 12.1% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 20 30 40 50 60 70 80 90 2005 2009 2013 2017 Europe 28% United States 48% Asia 22% Canada 2% C A P I T A L I Z I N G O N T H E G L O B A L M A R K E T PolyOne Corporation 52 Demand for engineered materials is accelerating Expanding thermoplastic elastomer portfolio to meet the demands of local consumption Grow and develop low smoke, non-halogen technologies to meet increasing European standards Adding capacity in strategic markets India Germany China North America Establishing a commercial hub in Southeast Asia C O M M E R C I A L R E S O U R C E S I N N O V A T I O NS E R V I C E S T R A T E G I C I N V E S T M E N T I N 3 K E Y A R E A S PolyOne Corporation 53 K E Y C O M M E R C I A L I N V E S T M E N T S PolyOne Corporation 54 Generating opportunities 13% more sales calls 36% increase in customization projects $270M increase in new opportunities Enhancing efficiency 12% reduction in average territory size, enabling greater customer focus 50% improvement in speed of formulation turnaround Increased commercial headcount 133 17335 39 120 147 2014 Q1 2018 R&D / Technical Marketing Sales + 30% + 11% + 23% N E W R E S O U R C E S F U E L I N G T H E F U T U R E PolyOne Corporation 55 S E M S A L E S F U N N E L +43% 2014 $610 million 2017 $880 million L S S C U S T O M E R F I R S T G R O W T H T H R O U G H S E R V I C E PolyOne Corporation 56 Leading Sporting Goods Manufacturer Provided Lean Six Sigma training and led an onsite Black Belt project to improve product development cycle times Reduced innovation project cycle times by over 10% and prototyping by 40% 80% increased production resulting in $500k savings I N N O V A T I O N S P O T L I G H T : C O M P O S I T E S PolyOne Corporation 57 C O M P O S I T E S R E F R E S H E R PolyOne Corporation 58 Fiber Polymer Composite Strength Design Flexibility Continuous Fiber Thermoset Composites Short Glass Fiber Thermoplastics Continuous Fiber Thermoplastic Composites Long Glass Fiber Thermoplastics S T R A T E G I C I N V E S T M E N T H I S T O R Y PolyOne Corporation 59 Acquired Polystrand Installed LFT production Avon Lake Long Fiber Thermoplastic (LFT) Technology Installed LFT production Barbastro, Spain Acquired Glasforms Acquired Gordon Composites Thermoplastic Composites Long Fiber Reinforced Thermoplastics Continuous Fiber Thermosets 2010 2012 2015 2016 20162009 20122011 2014 C O M P O S I T E S I N T R A N S P O R T A T I O N PolyOne Corporation 60 W A T E R C R A F TR A I L H E A V Y T R U C K Bulkheads and Transoms Ceilings and Hatches Doors and Cabinetry Flooring Door Panels Side Walls Flooring & Side Panels Aerodynamic Fairings Seat and Bunk Reinforcements 17 44 At Acquisition Now Commercial Resources 0% 20% At Acquisition Goal Operating Margins Test Market Innovation Projects 8 PolyOne Corporation 61 A D V A N C E D C O M P O S I T E S Long-term investments align with key global megatrends Light-Weighting Design Flexibility Sustainability C O M M E R C I A L R E S O U R C E S I N N O V A T I O N S E R V I C E I N S P I R E D F U T U R E 6-8% annual increase in commercial resources >10% annual increase in customization projects 10% annual expansion of sales funnel, enhancing portfolio in 4 focus end markets 20% increase in global capacity 12-15% compound annual operating income growth 14-16% operating margins PolyOne Corporation 62 PERFORMANCE PRODUCTS & SOLUTIONS PolyOne Corporation 63 D O N W I S E M A N P E R F O R M A N C E P R O D U C T S & S O L U T I O N S E N D M A R K E T S & S O L U T I O N S PolyOne Corporation 64 Specialty Vinyl Solutions Healthcare Formulations Smart Device Materials Flame Retardant Polymers Building & Construction 30% Industrial 18% Transportation 16% Wire & Cable 15% Appliance 7% Packaging 5% Consumer 5% Electrical & Electronics 3% Healthcare 1% Asia 2% United States 77% Mexico 5% Canada 16% P E R F O R M A N C E P R O D U C T S & S O L U T I O N S Operating Income & MarginRevenue by Region 2 0 1 7 R E V E N U E | $ 7 2 1 M I L L I O N $40 $33 $56 $77 4.6% 3.6% 7.2% 10.7% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 0 10 20 30 40 50 60 70 80 90 100 2005 2009 2013 2017 PolyOne Corporation 65 $886 $668 $773 $721Sales C O M M E R C I A L R E S O U R C E S I N N O V A T I O NS E R V I C E S T R A T E G I C I N V E S T M E N T I N 3 K E Y A R E A S PolyOne Corporation 66 K E Y C O M M E R C I A L I N V E S T M E N T S PolyOne Corporation 67 Generating opportunities 25% more sales calls 113% increase in innovation pipeline $240M increase in new opportunities Enhancing efficiency 36% increase in prospecting calls 300 basis point improvement in operating margin Increased commercial headcount 57 66 17 18 37 53 2014 Q1 2018 R&D / Technical Marketing Sales + 16% + 43% + 6% N E W R E S O U R C E S F U E L I N G T H E F U T U R E PolyOne Corporation 68 P P & S S A L E S F U N N E L +40% 2014 $610 million 2017 $850 million L S S C U S T O M E R F I R S T G R O W T H T H R O U G H S E R V I C E PolyOne Corporation 69 Leading Wire & Cable Manufacturer Provided Lean Six Sigma training and led on-site Kaizen process improvements Reduced over 400 labor hours through reorganized work area and floor space Increased manufacturing throughput value $1.4M G R O W T H T H R O U G H S E R V I C E PolyOne Corporation 70 IQ Design is collaborating with a leading medical device manufacturer to replace metal and provide chemical resistance to solve cracking issues related to intense cleaning requirements H E A L T H C A R E I N N O V A T I O N S I N N O V A T I O N S P O T L I G H T : F L A M E R E T A R D A N T P O L Y M E R S PolyOne Corporation 71 F L A M E R E T A R D A N T D R I V E R S PolyOne Corporation 72 Shift toward less toxic solutions Increased consumer awareness Focus on environmentally friendly solutions New regulatory standards F L A M E R E T A R D A N T P E R F O R M A N C E S P E C T R U M PolyOne Corporation 73 Flame Retardant Flame Retardant Flame Retardant Non-Halogen No Dripping Low Smoke Low Toxicity & Corrosiveness H A L O G E N N O N - H A L O G E N L S F O H ( L o w S m o k e a n d F u m e , N o n - H a l o g e n ) Non-Halogen R E G U L A T O R Y C H A N G E S P R O V I D E O P P O R T U N I T Y L E D S O L U T I O N S PolyOne Corporation 74 Solutions for rigid molded & extruded applications Superior outdoor weather performance Excellent light dispersion qualities Formulated to meet stringent flame-rating regulations Custom design support to meet demand C O M M E R C I A L R E S O U R C E S I N N O V A T I O N S E R V I C E I N S P I R E D F U T U R E 6-8% annual increase in commercial resources 8% more sales calls annually 10% annual expansion of sales funnel, including breakthroughs in healthcare technologies 8-10% compound annual operating income growth 12-14% operating margins PolyOne Corporation 75 COLOR ADDITIVES & INKS PolyOne Corporation 76 M A R K C R I S T C O L O R , A D D I T I V E S & I N K S E N D M A R K E T S & S O L U T I O N S PolyOne Corporation 77 Solid Colorants Performance Additives Screen Printing Inks Liquid Colorants Packaging 27% Industrial 14% Textiles 12% Building & Construction 10% Wire & Cable 10% Transportation 8% Consumer 7% Healthcare 6% Electrical & Electronics 3% Appliance 3% Operating Income & MarginRevenue by Region C O L O R , A D D I T I V E S & I N K S 2 0 1 7 R E V E N U E | $ 8 9 3 M I L L I O N $4 $25 $104 $139 0.9% 5.5% 12.2% 15.5% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20 30 40 50 60 70 80 90 100 110 120 130 140 150 2005 2009 2013 2017 PolyOne Corporation 78 Europe 32% United States 46% Asia 15% Canada 1% Mexico 4% Brazil 2% C A P I T A L I Z I N G O N T H E G L O B A L M A R K E T PolyOne Corporation 79 Emerging markets driving strong demand for color and additives Rapid adoption of food and beverage packaging additives Fiber colorants growth focused on expanding Asia-Pacific market Increase commercial investments focused on China, India and Mexico Expand capacity in China and leverage investments in India Recent acquisitions increasing global reach C O M M E R C I A L R E S O U R C E S I N N O V A T I O NS E R V I C E S T R A T E G I C I N V E S T M E N T I N 3 K E Y A R E A S PolyOne Corporation 80 K E Y C O M M E R C I A L I N V E S T M E N T S PolyOne Corporation 81 Generating opportunities 35% more sales calls 30% increase in customized color formulations 106% increase in innovation pipeline $170M increase in new opportunities Enhancing efficiency 20% increase in prospecting calls 9 days or less in design turnaround time: best-in-class Increased commercial investment 301 382 38 43 209 275 2014 Q1 2018 R&D / Technical Marketing Sales + 27% + 13% + 32% N E W R E S O U R C E S F U E L I N G T H E F U T U R E PolyOne Corporation 82 C A I S A L E S F U N N E L +32% 2014 $540 million 2017 $710 million L S S C U S T O M E R F I R S T PolyOne Corporation 83 Developed inventory management framework to reduce working capital by 20% Printing Equipment and Supply Manufacturer Provided Lean Six Sigma training and conducted process mapping exercises to identify key improvement opportunities Optimize manufacturing: 45% improvement in assembly process, 25% improvement in cycle time G R O W T H T H R O U G H S E R V I C E I N N O V A T I O N S P O T L I G H T : A D D I T I V E & C O L O R A N T T E C H N O L O G I E S PolyOne Corporation 84 B A R R I E R T E C H N O L O G I E S Active oxygen scavenging additive in the bottle wall Evolving technology for active oxygen scavenging additive in the bottle cap Amosorb™ HyGuard™ UV and visible light blocking additive to prevent degradation of product Lactra™ SX Market leader in oxygen, light and UV barrier solutions for the PET bottle market PolyOne Corporation 85 S T R A T E G I C A D D R E S S A B L E M A R K E T > $ 2 0 0 M F I B E R C O L O R A N T S Eliminate waste water associated with conventional dyeing Help meet sustainability targets for brand owners Enable “uncolored fiber” producers to bypass dyehouse Strategic addressable market >$300M PolyOne Corporation 86 S T R A T E G I C I N V E S T M E N T H I S T O R Y PolyOne Corporation 87 Thermoplastic Composites 2011 2015 2018 Acquired ColorMatrix Acquired Magenta Acquired IQAP $10 $45 2014 2017 Revenue from Fiber Color ($ in millions) Invested in development of liquid fiber colorant technology Expanded solid colorant offerings 38 43 At Acquisition Now Commercial Resources Innovation Projects 5 PolyOne Corporation 88 I N V E S T I N G F O R T H E F U T U R E Nearly 900 projects identified Gaining sustainable momentum & building trust with consumers Fiber Sales Funnel $125M “We are unleashing the power of human potential, all to advance the game.
Leverage PolyOne’s global reach Phase 1 Phase 2 Phase 3 18-20% operating margins Invest in commercial resources I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E PolyOne Corporation 98 Commercial Resources Operating Income ($ in millions) Operating Margins 243 335 At Acquisition Today $36 $90 At Acquisition Today 11% 20% At Acquisition Today Established Acquisitions (> 7 years) + 40% + 150% + 900 bps I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E PolyOne Corporation 99 Commercial Resources Operating Income (millions) 53 109 At Acquisition Today 187 214 At Acquisition Today 3 12 At Acquisition Today $12 $45 At Acquisition Today $22 $42 At Acquisition Today $2 $4 At Acquisition Today Acquisition #1 (10 years) Acquisition #3 (7 years) Acquisition #2 (9 years) EBITDA Multiple 10.5x 3.0x At Acquisition Today 11.1x 7.6x At Acquisition Today 4.9x 2.8x At Acquisition Today 10% 23% At Acquisition Today 11% 17% At Acquisition Today 21% 30% At Acquisition Today Return on Sales I N V E S T - T O - G R O W D R I V I N G T H E F U T U R E PolyOne Corporation 100 Commercial Resources Operating Income ($ in millions) Operating Margins 17 44 65 At Acquisition Today Goal $0 $0 $25 At Acquisition Today Goal 0% 0% 20% At Acquisition Today Goal Advanced Composites I N V E S T - T O - G R O W D R I V I N G T H E F U T U R E PolyOne Corporation 101 Commercial Resources Operating Income ($ in millions) Operating Margins 96 100 141 At Acquisition Today Goal $16 $18 $36 At Acquisition Today Goal 11% 12% 18-20% At Acquisition Today Goal Recent Color Acquisitions PolyOne Corporation 102 Average Company Size # of Possibilities Rationale 250 • Local to regional footprint • Niche technology focus • Concentrated customer base $50M–$200M 150 • Regional to global footprint • 1–3 specialty technologies • Diversified customer base >$200M 30 • Global footprint with local service • Diverse specialty technologies • Highly diversified customer & market portfolio S T R O N G P I P E L I N E D R I V E N B Y F R A G M E N T E D M A R K E T S U M M A R Y PolyOne Corporation 103 Proven track record with specialty acquisitions using invest-to-grow strategy Our approach to integration differentiates PolyOne in a competitive M&A market Trusted brand and reputation Buyer of choice Robust pipeline with a range of opportunities that fit our strategy FINANCIAL REVIEW B R A D R I C H A R D S O N PolyOne Corporation 104 PolyOne Corporation 105 A D J U S T E D E P S E X P A N S I O N 2009 2010 2011 2012 2013 2014 2015 2016* 2017* C O N S E C U T I V E Y E A R S 8 $0.13 $0.68 $0.82 $1.00 $1.31 $1.80 $1.96 $2.06 $2.21 *Pro Forma for sale of DSS PolyOne Corporation 106 S T R A T E G I C C A S H D E P L O Y M E N T ORGANIC GROWTH Investing in R&D and capacity 11 Maintenance 40% Strategic Growth Investments 60% Capital Expenditures M&A OPPORTUNITIES Continued pursuit of strategic bolt on acquisitions that expand specialty offerings 2 SHAREHOLDER RETURN Dividends and share buybacks3 Over $400 million M&A Spending Since 2014 $809 million Share Repurchases 2011-Q1 2018 60% Increase in annual dividend over next three years 2011 2013 2015 2017 2006 2017 “Where we were” “Where we are” ROIC 5.0% 14.0% Operating Income % of Sales Color, Additives & Inks 1.7% 15.5% Specialty Engineered Materials 1.1% 12.1% Performance Products & Solutions 4.3% 10.7% Distribution 2.6% 6.3% P R O O F O F P E R F O R M A N C E E X P A N D I N G M A R G I N S & R O I C PolyOne Corporation 107 531 680130 153 504 618 2014 Q1 2018 R&D / Technical Marketing Sales I N V E S T M E N T I N COMMERCIAL RESOURCES D R I V I N G R E S U L T S PolyOne Corporation 108 Increased commercial headcount Largest organic revenue growth since recession $2.9 $2.9 $3.2 2015 2016 2017 Revenue in billions of $ + 28% + 18% + 23% Total + 10% Organic + 7% S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H PolyOne Corporation 109 P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E Double digit annual EPS growth Expand specialty portfolio with strategic acquisitions Innovate and develop new technologies and services Repurchase 600K-1M shares annually Increase commercial resources 6-8% annually Double acquired company margins Enhance efficiencies through Lean Six Sigma and commercial excellence 6.3% 14.0% 15.0% 16-17% 2009 2017 Platinum Vision Updated Expectations R O I C D R I V E S S H A R E H O L D E R R E T U R N PolyOne Corporation 110 R O I C D R I V E S S H A R E H O L D E R R E T U R N 6.3% 14.0% 15.0% 16-17% 2009 2017 Platinum Vision Updated Expectations PolyOne Corporation 111 $570 $1,650 $1,750 $2,000 2009 2017 Platinum Vision Updated Expectations ROIC Invested Capital ($ in millions) Improving ROIC + Expanding Invested Capital = Outperforming the Market CONCLUSION B O B P A T T E R S O N PolyOne Corporation 112 1 Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except per share data) Senior management uses comparisons of adjusted net income from continuing operations attributable to PolyOne shareholders and diluted adjusted earnings per share (EPS) from continuing operations attributable to PolyOne shareholders, excluding special items, to assess performance and facilitate comparability of results.
https://www.avient.com/sites/default/files/2021-05/avient-austria-gmbh-extract-may-10-2021.pdf
Dezember JAHRESABSCHLUSS (zuletzt eingetragen; weitere siehe Historie) 2 zum 31.12.2019 eingereicht am 19.06.2020 1 Erklärung über die Errichtung der Gesellschaft 001 vom 18.07.2019 5 Generalversammlungsbeschluss vom 31.03.2021 002 Änderung der Erklärung über die Errichtung der Gesellschaft in Punkt 1.
GESCHÄFTSFÜHRER/IN (handelsrechtlich) F Anke Bergheim, geb. 03.06.1970 4 vertritt seit 10.03.2021 selbständig G Christoph Palm, geb. 16.05.1963 4 vertritt seit 10.03.2021 selbständig H Norbert Merklein, geb. 03.05.1964 4 vertritt seit 10.03.2021 selbständig GESELLSCHAFTER/IN STAMMEINLAGE HIERAUF GELEISTET B Aviant Switzerland GmbH 1 .......................
EUR 35.000 ------------------------------------------------------- Summen: EUR 35.000 EUR 35.000 --- PERSONEN ---------------------------------------------------------------- 4 B Aviant Switzerland GmbH 1 (Handelsregister des Kantons Basel-Landschaft CHE-112.279.714) Sitz in Muttenz Aktiengesellschaft 1 Rothausstraße 61 CHE-4132 Muttenz 4 F Anke Bergheim, geb. 03.06.1970 4 Clemensstraße 14 DEU-80803 München 4 G Christoph Palm, geb. 16.05.1963 4 Gruuss-Strooss 35 LUX-9991 Weiswampach 4 H Norbert Merklein, geb. 03.05.1964 4 Schiffackerweg 2 CHE-4310 Rheinfelden -------------------- VOLLZUGSÜBERSICHT --------------------------------------- Handelsgericht Wien 1 eingetragen am 24.08.2019 Geschäftsfall 73 Fr 7835/19 y Antrag auf Neueintragung einer Firma eingelangt am 29.07.2019 2 eingetragen am 23.06.2020 Geschäftsfall 73 Fr 5402/20 d Elektronische Einreichung Jahresabschluss eingelangt am 19.06.2020 4 eingetragen am 28.04.2021 Geschäftsfall 73 Fr 12166/21 i Antrag auf Änderung eingelangt am 20.04.2021 Landesgericht Wiener Neustadt 5 eingetragen am 08.05.2021 Geschäftsfall 8 Fr 2130/21 f Antrag auf Sitzverlegung eingelangt am 27.04.2021 -------------- INFORMATION DER ÖSTERREICHISCHEN NATIONALBANK ---------------- zum 10.05.2021 gültige Identnummer: 24513750 erstellt über Verrechnungsstelle MANZ**********************************HA021 Gerichtsgebühr: EUR 3.76******10.05.2021 10:58:32,662 41188885 ** ZEILEN: 58 Firmenbuch 10.05.2021 10:58:32
https://www.avient.com/sites/default/files/2020-11/eccoh-processing-guide.pdf
EXTRUDER Screw 3/4" to 6" Polyethylene type—Single flight, no mixing section, 1.5–2:1 compression ratio Tooling Semi-Pressure type: 30°–40° angle Die On size with 1/8" or less land L/D 24:1 recommended Screen Pack No screen pack (Optional depending on pressure) Cooling Trough 120–150°F (50–65°C) recommended Feeder Gravimetric type preferred—3 compartment for cross-linked Dryer Desiccant type, 4 hours at 160°F (70°C) For ECCOH™ compound only; never put Dry Silane in Dryers PROCESSING Temperature ECCOH 5000 Series ECCOH 6000 Series Wire Preheat 180–250°F (80–120°C) 180–250°F (80–120°C) Feed Zones 200°F (93°C) 275°F (135°C) Transition 275°F (135°C) 325°F (163°C) Metering 300°F (150°C) 375°F (190°C) Head/Die 330°F (165°C) 420°F (215°C) Target Melt 330–340°F (165–170°C) 420–440°F (215–225°C) Flame at Die Tip Yes—as needed Line Speed Shear sensitive: Observe Melt Temperature, Motor Amperage, and Pressure Purge Compound HDPE Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2024-11/Stan-Tone RBX Product Bulletin.pdf
% Pigment Specific Gravity Color Index Heat Stability Lightfastness System WHITE 10MB03 Titanium Dioxide, Rutile 60 1.74 PW-6 1 I/O SBR 10EP03 Titanium Dioxide, Rutile 60 2.33 PW-6 1 I/O EPDM YELLOW 12MB01 (a) Diarylide AAOT GS 48 1.23 PY-14 3 I SBR 12MB02 (a) Diarylide AAOA GS 50 1.15 PY-17 3 I SBR 12MB03 (a) Diarylide HR RS 50 1.16 PY-83 2 I/O (Mass) SBR 12MB09 (a) Diarylide AAA RS 50 1.21 PY-12 3 I SBR 12MB10 (a) Diarylide AAMX RS 30 1.22 PY-13 3 I SBR 13MB03 Benzimidazolone GS 50 1.15 PY-151 2 I/O (Mass) SBR 81MB01 (c) Iron Oxide 65 1.84 PY-42 2 C I/O SBR 12EP01 (a) Diarylide AAOT GS 47 1.16 PY-14 3 I EPDM 12EP03 (a) Diarylide HR RS 43 1.17 PY-83 2 I/O (Mass) EPDM 12EP09 (a) Diarylide AAA RS 47 1.14 PY-12 3 I EPDM 81EP01 Iron Oxide 65 1.78 PY-42 2 C I/O EPDM ORANGE 15MB01 Pyrazolone YS 23 1.23 PO-13 2 I/O (Mass) SBR 15MB05 Dianisdine RS 40 1.11 PO-16 3 I/O (Mass) SBR 15MB06 Benzimidazolone RS 50 1.18 PO-36 2 I/O SBR 15MB07 Benzimidazolone YS 50 1.19 PO-64 2 I/O SBR 15EP01 Pyrazolone YS 23 1.16 PO-13 2 I/O (Mass) EPDM 15EP05 Dianisdine RS 43 1.07 PO-16 3 I/O (Mass) EPDM RED 20MB01 (b) Red Lake C YS 50 1.27 PR-53:1 3 I SBR 22MB01 (b) Lithol Rubine BS 42 1.19 PR-57:1 3 I SBR 23MB06 Specialty Naphthol BS 50 1.11 PR-170 2 I/O (Mass) C SBR 23MB07 Specialty Naphthol YS 50 1.13 PR-170 2 I/O (Mass) C SBR 25MB12 Red 2B, Ca Salt BS 49 1.25 PR-48:2 2 I/O (Mass) SBR 26MB03 (c) Pyrazolone YS 41 1.09 PR-38 2 C I/O (Mass) SBR 28MB02 Red 2B, Ba Salt YS 50 1.38 PR-48:1 2 I/O (Mass) SBR 82MB01 (c) Iron Oxide, Light BS 60 1.68 PR-101 1 I/O SBR 82MB02 (c) Iron Oxide, Dark VBS 60 1.8 PR-101 1 I/O SBR 82MB04 (c) Iron Oxide, Light VYS 60 1.83 PR-101 1 I/O SBR 82MB05 (c) Iron Oxide, Light YS 60 1.84 PR-101 1 I/O SBR 20EP01 (b) Red Lake C YS 50 1.23 PR-53:1 3 I EPDM Stan-Tone Code Pigment Type Approx. % Pigment Specific Gravity Color Index Heat Stability Lightfastness System RED 23EP06 Specialty Naphthol BS 50 1.06 PR-170 2 I/O (Mass) C EPDM 25EP12 Red 2B, Ca Salt Bs 49 1.2 PR-48:2 2 I/O EPDM 26EP03 Pyrazolone YS 41 1.03 PR-38 2 C I/O EPDM 28EP02 Red 2B, Ba Salt YS 50 1.33 PR-48:1 2 I/O EPDM 82EP02 Iron Oxide, Dark VBS 59 1.7 PR-101 1 I/O EPDM 82EP04 Iron Oxide, Light VYS 60 1.73 PR-101 1 I/O EPDM BLUE 40MB05 (c) Phthalocyanine GS 48 1.19 PB-15:3 1 I/O SBR 40MB08 (c) Phthalocyanine RS 52 1.27 PB-15 1 I/O SBR 40MB10 (c) Phthalocyanine RS-NC 48 1.22 PB-15:1 1 I/O SBR 40MB02 Ultramarine 51 1.35 PB-29 1 I/O SBR 40EP05 Phthalocyanine GS 44 1.14 PB-15:3 1 I/O EPDM 40EP08 Phthalocyanine RS 49 1.23 PB-15 1 I/O EPDM 40EP10 Phthalocyanine RS-NC 48 1.11 PB-15:1 1 I/O EPDM 42EP02 Ultramarine GS 50 1.27 PB-29 1 I/O EPDM GREEN 50MB05 Blend (Yellow/Blue) 48 1.21 N/A 3 I SBR 51MB01 (c) Phthalo Brominated VYS 50 1.4 PG-36 1 I/O SBR 51MB03 (c) Phthalocyanine YS 47 1.34 PG-7 1 I/O SBR 51MB05 (c) Phthalocyanine BS 50 1.46 PG-7 1 I/O SBR 59MB01 Chromium Oxide 69 2.17 PG-17 1 I/O SBR 50EP05 Blend (Yellow/Blue) 48 1.16 N/A 3 I EPDM 51EP01 Phthalo Brominated VYS 44 1.37 PG-36 1 I/O EPDM 51EP03 Phthalocyanine YS 47 1.33 PG-7 1 I/O EPDM 51EP05 Phthalocyanine Bs 45 1.37 PG-7 1 I/O EPDM 59EP01 Chromium Oxide 71 2.12 PG-17 1 I/O EPDM VIOLET/MAGENTA 24MB03 Quinacridone Violet 30 1.06 PV-19 2 I/O SBR 24MB04 Ultramarine Violet 60 1.59 PV-15 1 I/O SBR 24MB06 Benzimidazolone 40 1.08 PV-32 2 I/O SBR 24MB07 Carbazole Violet 40 1.25 PV-23 2 I/O SBR 24EP03 Quinacridone Violet 31 1 PV-19 2 I/O EPDM 24EP07 Carbazole Violet 14 1.34 PV-23 2 I/O EPDM Stan-Tone Code Pigment Type Approx. % Pigment Specific Gravity Color Index Heat Stability Lightfastness System BROWN 83MB01 (c) Iron Oxide, Tan HR 60 1.78 PBr-11 1 I/O SBR 83MB02 (c) Iron Oxide, Light 68 2.1 PBr-6 2 C I/O SBR 83MB03 (c) Iron Oxide, Dark 60 1.83 PBr-6 2 C I/O SBR 83EP02 Iron Oxide, Light 69 1.98 PBr-6 2 C I/O EPDM 83EP03 Iron Oxide, Dark 69 1.98 PBr-6 2 C I/O EPDM BLACK 90MB01 (c) Furnace N-330 31 1.2 PBk-7 1 I/O SBR 90MB05 (c) Iron Oxide 60 1.8 PBk-11 2 C I/O SBR 90EP01 Furnace Black 33 1.05 PBk-7 1 I/O EPDM 90EP05 Iron Oxide 55 1.56 PBk-11 2 C I/O EPDM ALUMINUM 61MB01 Aluminum 70 1.5 PM-1 1 I/O SBR 61EP01 Aluminum 60 1.31 PM-1 1 I/O EPDM RS = Red Shade YS = Yellow Shade VYS = Very Yellow Shade BS = Blue Shade VBS = Very Blue Shade GS = Green Shade NC = Non-Crystallizing HR = Heat-Resistant (a) = Potential Migration at Low Use Levels (b) = Poor Alkali Resistance - Not Recommended for Open Steam Cure (c) = Six Month Shelf Life LIGHTFASTNESS I = Indoor Only I/O = Indoor or Outdoor Mass = Outdoor Masstone Application Only C = Some Caution Advised HEAT STABILITY 1 = Above 400°F 2 = 350°F–400°F 3 = Below 350°F C = Some Caution Advised 1.844.4AVIENT www.avient.com Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2021-12/PREPERM _ Edgetek Low-loss Dielectric Thermoplastics Technical Bulletin.pdf
KEY PROPERTIES AND PERFORMANCE FR GRADES H GRADES PEEK GRADES LCP GRADES FLEX GRADES PROPERTIES CONDITION ISO UNIT PPE400FR PPE700FR PPE950FR PPE1200FR H1500HF H2300HF PEEK700 PEEK900 PEEK1000 PEEK1200 LCP650 LCP800 LCP950 FLX400 FLX700 FLX1100 Dielectric Constant (Dk) 2.4 GHz 4.0 7.0 9.5 12.0 15.0 23.0 7.0 9.0 10.0 12.0 6.5 8.0 9.5 4.0 7.0 11.0 Loss Tangent (Df) 2.4 GHz 0.0030 0.0039 0.0042 0.0045 0.0010 0.0037 0.0024 0.0025 0.0024 0.0027 0.0043 0.0045 0.0047 0.0010 0.0009 0.0012 Density 1183 g/cm3 1.44 1.97 2.20 2.50 2.60 3.40 1.94 2.20 2.30 2.40 2.00 2.15 2.30 1.52 1.93 2.50 Melt Flow Index (MFI) 5 kg, 300 °C (unless noted) 1113 g/10 min 17 12 13 5 5 8 15 @ 380 °C 13 @ 380 °C 10 @ 380 °C 6 - - - 11 @ 230 °C 2 @ 230 °C 0.3 @ 230 °C Tensile Strength at Break 23 °C/73 °F 527 MPa 47 52 44 45 23 40 64 62 65 67 75 80 75 11 17 25 Flexural Modulus 23 °C/73 °F 178 MPa 3100 4500 - 9300 2100 5000 6200 7600 9200 11000 8000 8500 8500 1400 1600 2900 Unnotched Izod 23 °C/73 °F 180 kJ/m2 NB 42 20 9 17 10 28 25 18 15 31 20 12 NB NB NB -20 °C/-4 °F 180 kJ/m2 - - - - 17 10 - - - - - - - - - Notched Izod 23 °C/73 °F 180 kJ/m2 14 6 4 3 5 4 6 4 4 4 10 6 4 59 23 13 -20 °C/-4 °F 180 kJ/m2 - - - - 5 4 - - - - - - - - - - STANDARD GRADES RADOME GRADES PROPERTIES CONDITION ISO UNIT PPE260 PPE300 PPE320 PPE350 PPE400 PPE440 PPE500 PPE650 PPE800 PPE950 PPE1200 RS260 RB260 RS265FR Dielectric Constant (Dk) 2.4 GHz 2.6 3.0 3.2 3.5 4.0 4.4 5.0 6.5 8.0 9.5 12.0 2.6 2.6 2.7 Loss Tangent (Df) 2.4 GHz 0.0009 0.0009 0.0010 0.0009 0.0009 0.0009 0.0009 0.0009 0.0009 0.0009 0.0010 0.0009 0.0012 0.0032 Density 1183 g/cm3 1.07 1.18 1.21 1.27 1.43 1.50 1.62 1.86 2.10 2.20 2.40 1.06 1.08 1.09 Melt Flow Index (MFI) 5 kg, 300 °C 1113 g/10 min 15 15 16 14 14 14 15 11 10 4 2 21 16 25 Tensile Strength at Break 23 °C/73 °F 527 MPa 40 45 47 50 50 48 45 43 37 37 36 50 42 52 Flexural Modulus 23 °C/73 °F 178 MPa 2700 2400 2000 2600 2800 2700 2600 2600 2300 2600 2600 2200 2200 2600 Unnotched Izod 23 °C/73 °F 180 kJ/m2 NB NB NB NB NB NB NB NB 50 28 24 NB NB NB -20 °C/-4 °F 180 kJ/m2 NB NB NB NB NB NB NB 50 47 27 25 NB NB NB Notched Izod 23 °C/73 °F 180 kJ/m2 8 55 69 35 22 20 15 9 8 5 4 19 14 11 -20 °C/-4 °F 180 kJ/m2 8 15 20 14 12 10 9 8 8 5 4 10 12 10 PREPERM™ SERIES PROPERTIES CONDITION ISO UNIT 8027 8025 8037 8019 8028 8026 8044 8029 8041 8045 8048 8036 8056 8031 Dielectric Constant (Dk) 1 GHz, 23 °C 3.0 3.1 3.4 3.6 3.8 4.4 4.8 5.3 5.4 5.9 6.0 7.0 7.3 9.0 Loss Tangent (Df) 1 GHz, 23 °C 0.0012 0.0012 0.0008 0.0010 0.0010 0.0010 0.0004 0.0008 0.0006 0.0002 0.0006 0.0007 0.0002 0.0007 Density 1183 g/cm3 1.25 1.26 1.35 1.39 1.45 1.59 1.72 1.75 1.79 1.89 1.88 2.06 2.086 2.25 Melt Flow Index (MFI) 5 kg, 300 °C 1113 g/10 min 16 19 10 11 15 13 10 10 15 15 19 10 18 4.7 Tensile Strength at Break 23 °C/73 °F 527 MPa 59 54 54 62 59 54 52 58 52 45 49 45 37 38 Flexural Modulus 23 °C/73 °F 178 MPa 2780 2560 2850 3060 3350 3700 3157 4300 4320 3137 4150 3370 2560 4200 Notched Izod 23 °C/73 °F 180 kJ/m2 15.3 14 14.8 14 12.6 10.4 9.9 8.6 7.4 7.9 6.6 7.1 6.2 6.8 EDGETEK™ 7600 SERIES Copyright © 2021, Avient Corporation.
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Investor Day POLYONE I N V E S T O R P R E S E N T A T I O N M A R C H 2 0 1 8 FORWARD LOOKING STATEMENTS PolyOne Corporation 2 In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
V I S I O N PolyOne Corporation 4 To be the world’s premier provider of specialized polymer materials, services and solutions C O R E V A L U E S P E R S O N A L V A L U E S Honesty IntegrityRespect Specialization Commercial Excellence Operational Excellence Globalization Collaboration ExcellenceInnovation To be the world’s premier provider of specialized polymer materials, services and solutions PolyOne Corporation 5 P O L Y O N E 2 0 1 7 R E V E N U E | $ 3 . 2 B I L L I O N Transportation 18% Industrial 16% Consumer 12% Packaging 11% Healthcare 11% Wire & Cable 9% Appliance 5% United States 59% Europe 14% Asia 10% Latin America 9% Canada 8% PolyOne Distribution 34% Performance Products & Solutions 21% Specialty Engineered Materials 19% Color Additives & Inks 26% Segment End Market Geography Building & Construction 12% Electrical & Electronics 6% 2009 2010 2011 2012 2013 2014 2015 2016* 2017* A D J U S T E D E P S E X P A N S I O N C O N S E C U T I V E Y E A R S PolyOne Corporation 6 8 $0.13 $0.68 $0.82 $1.00 $1.31 $1.80 $1.96 $2.06 $2.21 *Pro Forma for sale of DSS E A R L Y Y E A R S D E F I N E D B Y S P E C I A L T Y M I X I M P R O V E M E N T PolyOne Corporation 7 2% 76% 2005 2017 $5M $280M + 25% + 33% Specialty OI % of Operating Income Consistently Deliver Double Digit Annual EPS Growth *ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period PolyOne Corporation 8 2006 2017 2020 “Where we were” “Where we are” Platinum Vision ROIC* 5.0% 14.0% 15.0% Operating Income % of Sales Color, Additives & Inks 1.7% 15.5% 20%+ Specialty Engineered Materials 1.1% 12.5% 20%+ Performance Products & Solutions 5.5% 10.7% 12-14% Distribution 2.6% 6.3% 6.5-7.5% P R O O F O F P E R F O R M A N C E & P L A T I N U M V I S I O N 531 660130 149 504 607 2014 2017 R&D / Technical Marketing Sales I N V E S T M E N T I N COMMERCIAL RESOURCES D R I V I N G G R O W T H PolyOne Corporation 9 Increased commercial headcount Largest organic revenue growth since recession $2.9 $2.9 $3.2 2015 2016 2017 Revenue in billions of $ + 24% + 15% + 20% Total + 10% Organic + 7% Free Cash Flow (In millions) ROIC* PolyOne Corporation 10 $50 $116 $143 $0 $40 $80 $120 $160 $200 2012 2014 2016 2018 10.8% 11.3% 12.9% 14.0% 10.0% 11.0% 12.0% 13.0% 14.0% 15.0% 2012 2014 2016 2017 2020 Platinum Vision $200 - $220 F R E E C A S H F L O W A N D I M P R O V I N G R E T U R N S *ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period 15.0% $767M R E T U R N I N G C A S H T O S H A R E H O L D E R S O V E R $ 9 5 0 M I L L I O N S I N C E 2 0 1 1 PolyOne Corporation 11 $0 $150 $300 $450 $600 $750 2011 2012 2013 2014 2015 2016 2017 $0.16 $0.20 $0.24 $0.32 $0.40 $0.48 $0.58 $0.70 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 3-Year Dividend Plan Cumulative Share Repurchases (In millions) Increasing Annual Dividend Transformational Opportunity for Growth Through M&A Adjacent Opportunity for Growth Through New Product Pipeline Core Customization 3 H O R I Z O N S O F D E V E L O P M E N T PolyOne Corporation 12 Incremental development from existing base of technology New development adjacent to current technology New technology development outside of and with our current base Service adjacent markets and customers Create new markets, target new customer needs Service existing markets and customers Market Technical I N N O V A T I O N Non-Halogen Flame Retardants Barrier Technologies Fiber Colorants Advanced Composites Thermoplastic Elastomers Gordon Composites/ Polystrand – Composites GLS – Thermoplastic Elastomers ColorMatrix – Liquid Color & Additives I N N O V A T I O N P I P E L I N E PolyOne Corporation 13 PrototypeFrame Opportunity Scale-up & Test Market Build Business Case Commercial Launch (since 2015) Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 8 6 8 2 2 36 5 10 13 10 4 6 7 Breakthrough Platform Derivative Number of Projects 33 17 20 15 5 90 Total Addressable Market ($ millions) - - $800 $1,400 $600 $2,800 F L A M E R E T A R D A N T P O L Y M E R S A D V A N C E D C O M P O S I T E S B A R R I E R M A T E R I A L S C O L O R A N T T E C H N O L O G I E S T H E R M O P L A S T I C E L A S T O M E R S A U N I Q U E C U S T O M E R E X P E R I E N C E Industrial Design IQ DESIGN LABS PolyOne Corporation 14 Launched in 2014, IQ Design Labs is our in-house industrial design team that focuses on material selection and processing expertise to help with problem solving, enabling our clients to develop higher performance products.
Material & Color Expertise Manufacturing Expertise 2014 2017 3 to 14 industrial designers $0 to $7M new business revenue $4M to $40M opportunities identified LSS CUSTOMER FIRST PolyOne Corporation 15 Customer Projects Cumulative LSS Projects Enables sales growth by building more intimate customer relationships, giving us insight to customers’ needs, with a service that is not easily replicated 2014 2017 2 85 PolyOne Corporation 16 W H Y I N V E S T I N P O L Y O N E ?
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