https://www.avient.com/knowledge-base/article/get-know-composite-sandwich-structures?ind[]=21537
Design optimization, predictive tools, and best practices for working with thermoplastic composite sandwich panels
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Get to Know Composite Sandwich Structures
The performance of these fiber reinforced composite panels can be optimized by adapting panel thickness, core density, and skin configuration to achieve desired properties.
https://www.avient.com/resource-center?document_type=59&page=15
Nymax™ Glass and Mineral Fiber Reinforced Nylon 6 Formulation delivers service and performance for transportation OEM
Learn more about moisture resistant nylon long fiber reinforced composites
Cesa™ Fiber Tracer Concentrates
https://www.avient.com/resource-center?document_subtype=0&document_type=59&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=0&product_name=0&page=15
Nymax™ Glass and Mineral Fiber Reinforced Nylon 6 Formulation delivers service and performance for transportation OEM
Learn more about moisture resistant nylon long fiber reinforced composites
Cesa™ Fiber Tracer Concentrates
https://www.avient.com/sites/default/files/2023-12/Complet LFT OHP Side by Side Seat Pan %281%29.pdf
OFF-ROAD VEHICLE
MANUFACTURER
S E A T P A N
• Consolidate parts to reduce assembly time and lower
manufacturing costs
• Maintain performance while replacing metal seat pan with
lightweight composite material
• Aided consolidation of multiple metal parts
and fasteners into a single injection molded
component, lowering costs $100k year
• Saved time and money using FEA validation
to confirm real-world performance before
building tooling
• Created full-size 3D printed prototypes to
test fit and function
Complēt™ Long Glass Fiber Nylon Composite
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/long-fiber-technology/long-fiber-technologies/compl-t-long-fiber-reinforced-structural-thermoplastics
https://www.avient.com/news/polyone-features-polymer-solutions-and-services-designed-specifically-mexico-and-central-america-plastimagen
EMI / RFI Shielding and Conductive Formulations: New in 2019, PolyOne has added Surround™ long fiber formulations to its conductive polymers portfolio.
Reinforced Polyolefins for Automotive: Maxxam™ LO low odor talc-filled polypropylenes and Maxxam™ XST thermoplastic olefins are the latest additions to a complete line of specially formulated polyolefins.
Reinforced Polymer Composite Technologies: ComplētTM long fiber reinforced thermoplastic composites and OnForce™ LFT long fiber reinforced thermoplastic composites provide high-strength-to-weight ratios, high dimensional stability and creep / fatigue performance for demanding body and structural components in automotive vehicles and outdoor goods such as ATVs
https://www.avient.com/sites/default/files/resources/Universal_Polyamide_Overmold_Thermoplastic_Elastomer.pdf
Bonding of TPE
with a particular polyamide chemistry is also affected by the additives packages, such as heat
stabilizers, glass fibers, flow modifiers, impact modifiers and pigments.
Table 2 summerizes the data of different polyamide systems; polyamide 6,
polyamide 66, glass filled, fiber reinforced , impact modified and heat stabilized.
No Nylon Type Nylon description TPE
Hardness
Aging
condition
Peel,
N/mm / lb
/ in
1 Capron 8333GHI Glass and impact 60A(1) Aging A 3.7 / 21
2 Capron 8333GHI Glass and impact 60A(1) Aging B 3.2 / 20
3 Capron 8333GHI Glass and impact 60A(1) Aging C 3.3 / 19
4 Capron
8333GHIHS
Glass, impact and heat
stabilized
60A(1) Aging A 3.2 / 20
5 Capron
8333GHIHS
Glass, impact and heat
stabilized
75A Aging A 3.0 / 17
6 Ultramid B3ZG6 Glass and impact 60A(1) Aging A 3.2 / 18
7 Zytel 70G33L Glass 60A(1) Aging A 3.9 / 22
8 Zytel 408AHS Heat stabilized and flow
aid
60A(1) Aging A 3.7 / 21
9 Zytel 409AHS Heat stabilized and flow
aid
60A(1) Aging A 3.2 / 20
Aging A: nylon substrate conditioned at room temperature and humidity for 4 weeks before TPE
overmolding.
https://www.avient.com/sites/default/files/2021-01/complet-craftech-non-metallic-fasteners.pdf
CRAFTECH®
N O N - M E T A L L I C F A S T E N E R S
• Corrosion resistance
• Electrical isolation
• Strength performance similar to competitive products
made of metals
• Supplied pre-colored long fiber reinforced
composites for consistent appearance
• Formulated an LFT solution to meet key
performance needs and strength to compete
against metal alternatives
• Delivered custom formulated materials on-
time with short lead times and in low release
quantities
Complēt™ Long Glass Fiber ETPU Composite
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/engineered-polymer-formulations/high-temperature-polymer-formulations/compl%C4%93t-long-fiber-reinforced-structural-thermoplastics
https://www.avient.com/news/avient-showcase-sustainable-textile-innovations-yarn-expo-autumn-shanghai
It is specially formulated for polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), and Nylon.
Avient Sustainable Fiber Additives: include bluesign® SYSYEM PARTNER colorants and recycled fiber solutions with Global Recycle Standard (GRS) certifications, and biodegradable fiber solutions with EN13432 certifications.
Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint
https://www.avient.com/sites/default/files/2022-08/AVNT Aug 2022 Presentation - Jefferies.pdf
Examples include:
• Unique technologies that improve the
recyclability of products and enable recycled
content to be incorporated, thus advancing a
more circular economy
• Light-weighting solutions that replace heavier
traditional materials like metal, glass and wood,
which can improve fuel efficiency in all modes of
transportation and reduce carbon footprint
• Sustainable infrastructure solutions that increase
energy efficiency, renewable energy, natural
resource conservation and fiber optic / 5G
network accessibility
Avient employs approximately 8,800 associates and is
certified ACC Responsible Care® and a founding
member of the Alliance to End Plastic Waste.
D ISTR IBU TIO N )
22
END-MARKET FOCUS FOR
NEW INNOVATION
Semiconductors Robotics Healthcare
Interconnected disruptive markets with massive innovation needs
23
APPENDIX
Performance
Additives
Pigments
TiO2
Dyestuffs
3%Polyethylene
Nylon
6%
Polypropylene
Other Raw
Materials
30%
Styrenic Block
Copolymer
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
30
• Significant raw material price inflation and
tight inventory continued in Q2 2022,
although at a slightly lesser rate compared
to the prior quarter
o For Q2 2022, the average cost of key
hydrocarbon based materials was up 15%,
roughly the same as the average cost of non-
hydrocarbon based materials
Annual Purchases
RAW MATERIAL AND SUPPLY CHAIN UPDATE
Based on 2021 purchases, excludes Distribution business
DYN E E MA ACQ U I S I T I O N
32
15x stronger than steel
Reduces weight by 30% vs. other solutions
Well-maintained global asset base poised to serve growing demand
• Purchase price of $1.48B represents 11.4x multiple of
2022 EBITDA
• Acquisition will expand Avient’s composites and fiber
portfolio with Dyneema®, the World’s Strongest Fiber™
• $415M sales and 30%+ EBITDA margins; Immediately
accretive to pro forma 2022 EPS, adding $0.35
• 1,300 patents globally, ~50% of sales patent protected
• 1,000+ employees across global production network and
dedicated technology centers
• Composites platform will increase from $261M to $680M in
revenue and from $49M to $180M in EBITDA Indicates Dyneema® location
$175M
(42%)
$65M
(16%)
$175M
(42%)
2022E Sales By Region ($M)
(1) $0.35 EPS excludes intangible amortization
(2) Based on 2022 expected results
(1) (2)
(2)
FIT WITH FOUR PILLAR STRATEGY
33
Specialization
• Innovation-led organization with
tremendous intellectual property value in
trademarks, patents and “know-how”
• Deep history of application development
and premium, leading brand with the
World’s Strongest FiberTM
Globalization
• Global customer base with an
established presence across all major
geographic regions
• Global technology centers complement
existing Composites applications and
expertise
Operational
Excellence
• Best-in-class safety performance
• Well-run and maintained asset base fit to
serve future growth
• Highly effective and reliable supply chain
with emphasis on optimizing service to
customers
Commercial
Excellence
• Deep customer relationships extend
across the value chain and drive ability
to grow
• Offer a full suite of services with an active
role in design, development and
commercialization
People
Experienced and
talented associates
with a passion for
safety, specialization
and winning
DYNEEMA® OVERVIEW
K E Y I N D U S T R I E S
PERSONAL PROTECTION
Military • Law Enforcement • First
Responders Body Armor • Helmets •
Vehicle Protection
$215M
MARINE & SUSTAINABLE
INFRASTRUCTURE
Towing / Mooring • Aquaculture •
Floating Wind • Offshore Cranes
$130M
CONSUMER
Consumer • Outdoor High Performance •
Safety Equipment
$70M
34 Figures reflect 2022 expected sales
MIFOverview Competition Valuechain &
Go-to-market Strategy Innovation Financials
TECHNOLOGY
35
1,200 1,300
2,500
Avient Dyneema Combined
Patents
• True specialty business – the World’s Strongest Fiber™
• Deep history of application development with customers,
strongest in the industry
• The only UHMwPE (ultra-high molecular weight polyethylene)
fiber producer that is backward integrated
o Provides innovation advantage through control of all steps of the process
• Complementary with our existing reinforced film expertise
(PolyStrand) and engineered fiber presences (Fiber-Line)
WINNING PROPERTIES
Ultra high strength vs. weight Highly flexible
Floats on water Chemically inert; no smell/taste and non-toxic
High resistance to UV radiation Self-lubricating, with low friction
One-of-a-kind technology
®
FORMULATION PROCESS
36
• Like Avient, Dyneema® offers similar
core competencies around formulation
and material science
• Technology that combines polymers and
fibers to provide specialized, high
performing solutions for customers
• Design capabilities ensure that
applications are highly customized for
the specified end use
DYNEEMA® IN THE VALUE CHAIN
37
UHMwPE
Fiber / Tapes
Military Personnel,
Law Enforcement
Heavy Marine,
Offshore Wind Energy
and Mooring,
Aquaculture
Outdoor,
Footwear, Apparel,
Inflatables
• Material Science
• Formulation
• Service
INTERMEDIATE MANUFACTURING
(CUSTOMERS) OEM / APPLICATION
DEMAND TRENDS
38
• Military spending and near-term demand for higher performing personal protection
products (like Dyneema®) expected to increase
o European NATO members annual defense spend expected to increase by up to 20%(1)
o Japan aiming to almost double defense spending over the next 5 years(2)
o Accelerated launch of next generation technology in North America
• Policy-driven demand for sustainable energy; growth in floating offshore wind
farms which require advanced, durable technology
o Offshore wind expected to grow at a CAGR of 32% with the level of annual installations
quadrupling over the next five years(3)
• Continued investment in aquaculture as a sustainable food source(4)
• Strong demand in outdoor high performance space across niche consumer
applications aligns with 10% growth assumption for Avient’s Composites portfolio
Sources:
(1) “Funding NATO”, NATO.int (April 1, 2022)
(2) “Japan Ruling Party Calls for Defense Spending Boost to 2% of GDP”, WSJ (April 21, 2022)
(3) “Global Wind Report 2021”, Global Wind Energy Council
(4) “Aquaculture Supports a Sustainable Earth”, NOAA Fisheries
39
A L I G N M E N T W I T H
S U S T A I N A B I L I T Y G O A L S
PRODUCTS
AVIENT’S EXISTING COMPOSITES PORTFOLIO
D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G
M A N U F A C T U R E R S A N D O E M S
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
40
AVIENT’S COMPOSITES PORTFOLIO
SALES AND EBITDA
41
$74 $84
$216 $212
$261
$5 $10
$32
$41
$49
$180
0
50
100
150
200
$-
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
$550
$600
$650
$700
$750
2017 2018 2019 2020 2021 2022E
$680
• Dyneema® acquisition will further
improve Composites EBITDA margins
to 26%
• Dyneema® will complement our
existing portfolio with deep formulation
expertise, innovative culture and
global commercial presence
• Composites will continue to be a key
growth driver to deliver future revenue
growth in excess of GDP
(1) Pro forma for the acquisition of Dyneema®
SEGMENT DATA
U.S. & Canada
50%
Latin America
2021 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
Building and
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $4,819M and $581M, respectively, include intercompany sales eliminations and corporate costs
$2,402M
$409M
$919M
$164M
$1,631M
$94M
Sales EBITDA
Distribution
Specialty Engineered Materials
Color Additives and Inks
$581M$4,819M
43
34%
Building &
1% Telecommunications
C O L O R , A D D I T I V E S & I N K S
2021 REVENUE | $2 .4 BILLION
32%
40%
Latin America
END MARKET REGION
44
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
27%
Building &
2021 REVENUE | $919 MILLION
END MARKET
55%
REGION
45
D I S T R I BU T I O N
26%
Building and
80%
3%
Latin
America
END MARKET REGION
K EY SU PPL IER S
2021 REVENUE | $1 .6 BILLION
46
TOTA L C O M PA N Y R E G I O N A L S A L E S
BY END MARKET
30%
26%Healthcare
14%
Building &
2% Energy
(16% of sales)
32%
Building &
(25% of sales)
47
19%
Building &
US &
Canada
(50% of sales)
38%
33%
Building &
LATAM
(9% of sales)
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
https://www.avient.com/industries/textiles
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