https://www.avient.com/sites/default/files/resources/Wells%2520Fargo%2520Conference%2520-%2520IR%2520Presentation%25205-6-2015%2520-%2520wNon%2520GAAP%2520and%2520Appendix.pdf
PolyOne Corporation Page 1 PolyOne Investor Presentation Wells Fargo Industrial & Construction Conference May 2015 PolyOne Corporation Page 2 Forward-Looking Statements 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.
S&P 500 PolyOne Corporation Page 9 2006 Q1 2015 2015 Target “Where we were” “Where we are” (Est. in 2012) 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 16.2% 12 – 16% Global Specialty Engineered Materials 1.1% 16.3% 12 – 16% Designed Structures & Solutions 1.4% (2012) 2.7% 8 – 10% Performance Products & Solutions 5.5% 6.5% 9 – 12% Distribution 2.6% 5.9% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 69% 65 – 75% 3) ROIC 5.0% 11.4% 15% 4) Adjusted EPS Growth N/A 5% Double Digit Expansion Proof of Performance & 2015 Goals PolyOne Corporation Page 10 Innovation Drives Earnings Growth *Percentage of Specialty Platform revenue from products introduced in last five years $20 $53 2006 2014 Research & Development Spending ($ millions) Specialty Platform Vitality Index Progression* 14% 27% 2006 2014 Specialty Platform Gross Margin % 20% 44% 2006 2014 Specialty Vitality Index Target ≥ 35% PolyOne Corporation Page 11 Megatrends Aligned with Key End Markets Decreasing Dependence on Fossil Fuels Protecting the Environment Improving Health and Wellness Megatrend End Markets Globalizing and Localizing Health & Wellness Transportation Packaging Consumer PolyOne Corporation Page 12 Prototype Frame Opportunity Scale-up & Test Market Build Business Case Commercial Launch Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 4 11 5 10 6 9 3 4 2 15 9 1 10 4 Breakthrough Platform Derivative A Rich Pipeline of Opportunity Number of Projects 25 14 19 17 18 93 Addressable Market ($ millions) $800 $450 $450 $1,700 PolyOne Corporation Page 13 60% 98% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 Q1 2015 Pension Funding** As of March 31, 2015 Debt Maturities & Pension Funding – 3/31/15 Net Debt / EBITDA* = 2.1x $49 $317 $600 $0 $100 $200 $300 $400 $500 $600 $700 $800 2015 2020 2023 Debt Maturities As of March 31, 2015 ($ millions) Coupon Rate: 7.500% 7.375% 5.250% ** includes US-qualified pension plans only *TTM 3/31/2015 PolyOne Corporation Page 14 Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return Expanding our sales, marketing, and technical capabilities Investing in operational and LSS initiatives ~75% of capital expenditures fund growth initiatives Organic Growth Acquisitions Share Repurchases Dividends $0.16 $0.20 $0.24 $0.32 $0.40 $0.10 $0.20 $0.30 $0.40 $0.50 2011 2012 2013 2014 2015 Annual Dividend Targets that expand our: • Specialty offerings • End market presence • Geographic breadth Synergy opportunities Adjacent material solutions Repurchased over 500k shares in Q1 2015 Repurchased 11.8 million shares since early 2013 8.2 million shares are available for repurchase under the current authorization PolyOne Corporation Page 15 PolyOne Core Values Innovation Collaboration Excellence PolyOne Corporation Page 16 The New PolyOne: A Specialty Growth Company Why Invest In PolyOne?
Platform operating income mix percentage 2005* 2006* 2007* 2008* 2009* 2010* 2011 2012 2013 2014 2015 Q1 Global Color, Additives and Inks $ 4.3 $ 8.9 $ 25.7 $ 28.1 $ 25.2 $ 37.7 $ 50.2 $ 75.3 $ 104.0 $ 124.9 $ 33.8 Global Specialty Engineered Materials 0.4 3.9 4.9 17.6 20.6 49.7 45.9 47.0 57.2 72.4 23.1 Designed Structures and Solutions - - - - - - - - 33.4 45.1 3.2 Specialty Platform $ 4.7 $ 12.8 $ 30.6 $ 45.7 $ 45.8 $ 87.4 $ 96.1 $ 122.3 $ 194.6 $ 242.4 $ 60.1 Performance Products and Solutions 75.7 64.2 65.8 31.3 33.1 54.0 27.7 38.8 56.0 63.1 11.5 Distribution 19.5 19.2 22.1 28.1 24.8 42.0 56.0 66.0 63.3 68.2 15.7 Joint ventures 91.9 102.9 34.8 28.6 25.5 18.9 5.0 - - - - Corporate and eliminations (51.5) 34.5 (73.3) (425.1) 7.9 (27.7) 18.2 (89.6) (82.4) (218.6) (17.2) Operating income (loss) GAAP $ 140.3 $ 233.6 $ 80.0 $ (291.4) $ 137.1 $ 174.6 $ 203.0 $ 137.5 $ 231.5 $ 155.1 $ 70.1 Less: Corporate operating expense 51.5 (34.5) 73.3 425.1 (7.9) 27.7 (18.2) 89.6 82.4 218.6 17.2 Operating income excluding Corporate $ 191.8 $ 199.1 $ 153.3 $ 133.7 $ 129.2 $ 202.3 $ 184.8 $ 227.1 $ 313.9 $ 373.7 $ 87.3 Specialty platform operating mix percentage 2% 6% 20% 34% 35% 43% 52% 54% 62% 65% 69% * Historical results have not been restated for the Resin business divestiture or the related resegmentation. 2 Adjusted EPS 2006Y* 2007Y* 2008Y* 2009Y* 2010Y 2011Y 2012Y 2013Y 2014Y 2015 Q1 Net income attributable to PolyOne common shareholders $ 130.9 $ 40.9 $ (417.0) $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 30.2 Joint venture equity earnings, after tax (68.5) (26.1) (20.8) (19.0) (14.7) (3.7) - - - - Special items, after tax(1) (21.2) 41.4 310.0 (31.0) 15.8 (30.5) 35.7 30.4 101.0 5.5 Tax adjustments(2) (30.0) (30.7) 147.2 (44.9) (88.3) (42.3) 0.5 2.2 (10.5) 5.9 Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 41.6 Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3 89.8 96.5 93.5 90.1 Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 0.46 * Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principal or discontinued operations. (1) Special items are a non-GAAP financial measure.
https://www.avient.com/sites/default/files/2020-07/avient-abac-netherlands-200721.pdf
Internationale Avient-beleid tegen omkoping en corruptie Uitgegeven: 1 juli 2020 Inhoudsopgave Ons internationale beleid tegen omkoping en corruptie 1 Belang van naleving 1 Onze verantwoordelijkheid 1 Wat is omkoping?
Het aanbieden van iets van waarde mag niet worden verward met redelijke en beperkte, legale uitgaven voor geschenken, zakelijk vermaak en andere legitieme activiteiten die rechtstreeks verband houden met de bedrijfsactiviteiten van Avient. 1 Belang van naleving Ongeacht waar in de wereld we actief zijn, zijn wetten inzake anti-omkoping en anti-corruptie (Anti-Bribery, Anti-Corruption Laws, ABAC) van toepassing op ons bedrijf, inclusief maar niet beperkt tot de Foreign Corrupt 1 Raadpleeg het gedeelte Geschenken en gastvrijheid in de Gedragscode van Avient en ons Beleid inzake geschenken en vermaak om te bepalen of uw uitgaven toegestaan zijn.
Inhoudsopgave Noord-Amerika Wereldwijd hoofdkantoor Avon Lake, Verenigde Staten 33587 Walker Road Avon Lake, OH, Verenigde Staten 44012 Gratis: +1-866-765-9663 Telefoon: +1-440-930-1000 Fax: +440 930 3064 Azië-Pacific Regionaal hoofdkantoor Shanghai, China 2F, blok C 200 Jinsu Road Pudong, 201206 Shanghai, China Telefoon: +86 (0) 21 6028 4888 Fax: +86 (0) 21 6028 4999 Zuid-Amerika Regionaal hoofdkantoor Sao Paulo, Brazilië Av.
https://www.avient.com/sites/default/files/2023-08/Maxxam BIO Bio-Based Polyolefin Formulations Product Bulletin.pdf
KEY CHARACTERISTICS Formulated with bio-based resin and/or 10–50% filler from renewable plant sources, Maxxam BIO formulations: • Reduce product carbon footprint • Achieve equivalent performance to standard polyolefin formulations • Provide good stiffness, durability, impact resistance and UV stability • Deliver good surface finish and are easy to color • Enable customized performance characteristics depending on application need • Offer food contact compliance MARKETS AND APPLICATIONS Maxxam BIO formulations are suitable for use across many industries and applications where traditional polyolefin materials are used, including: • Transportation Interior Applications - Decorative profiles, trunk side liners, pillars, T-cup • Industrial - Structural parts, furniture • Consumer - Household goods, personal care items, packaging, office supplies, food contact applications • Electrical and Electronic – Housings, buttons, junction boxes SUSTAINABILITY BENEFITS • Formulated with bio-based resin and/or 10–50% natural filler • Utilize natural filler from renewable plant sources including olive seed based powder and cellulose fiber • Offer a lower product carbon footprint compared to traditional petroleum-based feedstock • Can be recycled at end of life PRODUCT BULLETIN CHARACTERISTICS UNITS Maxxam BIO MX5200-5036 Natural FD Maxxam BIO MX5200-5030 Natural FD Maxxam BIO MX5200-5030 Natural FD X1 Maxxam BIO MX5200-5001 RS HS Natural Maxxam BIO MX5200-5033 RS HS Natural Maxxam BIO MX5200-5034 RS HS Natural Maxxam BIO MX5200-5035 RS HS Natural Filler/Reinforcement Unfilled Unfilled Unfilled 30% Glass Fiber 10% Mineral 20% Mineral 30% Mineral Density (ISO 1183) g/cm 0.90 0.90 0.90 1.12 0.96 1.03 1.12 Tensile Modulus (ISO 527-1) @ 23°C MPa 1500 1000 1000 6400 1350 1650 2100 Tensile Stress (ISO 527-2) @ 23°C MPa 27.0 20.0 20.0 75.0 13.0 14.0 15.0 Tensile Strain at Break (ISO 527-2) @ 23°C % 5 50 50 3.0 50 37 18 Charpy Notched (ISO 179) kJ/m 5 20 25 10 12 10 10 CHARACTERISTICS UNITS Maxxam BIO MX5200-5023 RS HS HI Natural 70 Maxxam BIO MX5200-5025 RS HS Natural 70 Maxxam BIO MX5200-5004 RS HS Natural 70 Maxxam BIO MX5200-5003 RS Natural 70 Maxxam BIO MX5200-5009 RS HS Natural 70 Maxxam BIO MX5200-5024 RS HS Natural 70 Maxxam BIO MX5200-5022 RS HS Natural 70 Filler/Reinforcement 15% Olive Seed Based 25% Olive Seed Based 30% Olive Seed Based/ 10% Mineral 35% Olive Seed Based/ 5% Mineral 15% Olive Seed Based/ 17% Glass Fiber/ Mineral 20% Olive Seed Based/ 20% Glass/ Mineral 10% Olive Seed Based/ 20% Mineral Density (ISO 1183) g/ccm 1.00 1.15 1.10 1.07 1.09 1.25 1.10 Tensile Modulus (ISO 527-1) @ 23°C MPa 1750 2000 2700 2500 3800 3500 4100 Tensile Stress at Break (ISO 527-2) @ 23°C MPa 21.0 20.0 30.0 20.0 40.0 35.0 42.0 Tensile Strain at Break (ISO 527-2) @ 23°C % 24 5 3 5 3 4 2 Notched Izod (ISO 180) kJ/m 15 7 3 2 5 15 7 MAXXAM BIO POLYOLEFINS – BIO-BASED RESIN – TECHNICAL PERFORMANCE MAXXAM BIO POLYOLEFINS – OLIVE SEED BASED FILLER – TECHNICAL PERFORMANCE CHARACTERISTICS UNITS Maxxam BIO MX5200-5029 NF HI UV Black X1 Maxxam BIO MX5200-5032 NFS UV Natural Maxxam BIO MX5200-5020 NF/NFS UV Natural X1 Maxxam BIO MX5200-5016 NF Natural Filler/Reinforcement 10% Cellulose Fiber 20% Cellulose Fiber 30% Cellulose Fiber 40% Cellulose Fiber Density (ISO 1183) g/ccm 0.95 1.00 1.02 1.07 Tensile Modulus ISO 527-1) @ 23°C MPa 1550 1750 2640 3600 Tensile Stress at Break (ISO 527-2) @ 23°C MPa 33 30 48 55 Tensile Strain at Break (ISO 527-2) @ 23°C % 8 12 9 4 Charpy Notched Impact Strength (ISO 179/1eA) kJ/m2 5 6 5 5 Charpy Unnotched Impact Strength (ISO 179/1eU) kJ/m2 33 49 38 30 MAXXAM BIO POLYOLEFINS – CELLULOSE FIBER FILLER – TECHNICAL PERFORMANCE Copyright © 2023, Avient Corporation.
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/2022-08/Avient Candidates Data Privacy Notice Final - Thai.pdf
Avient Corporation ประกาศความเป็นส่วนตวัสําหรบัผูส้มคัรงาน เรายนิดทีีคุ่ณสนใจในการทํางานกบั Avient Avient Corporation และบรษิทัในเครอื (เรยีกรวมกนัว่า “Avient” “เรา” “พวกเรา” หรอื “ของเรา”) มุ่งมั่นทีจ่ะปกป้องความเป็นส่วนตวัและขอ้มูลส่วนบุคคลทีร่วบรวมจากผูส้มคัรงานผ่านขัน้ตอนการสมคัรงานทางออนไลนแ์ละชอ่งท างอืน่ ๆ ประกาศความเป็นส่วนตวัสําหรบัผูส้มคัรงานนี ้(“ประกาศ”) ระบุวธิทีี ่Avient รวบรวม ใช ้ หรอืเปิดเผยขอ้มูลส่วนบุคคลจากผูส้มคัรงานและผูส้มคัร (เรยีกรวมกนัว่า “คุณ”) เมือ่คุณเขา้ถงึหรอืใชเ้ว็บไซตห์างานของเรา รวมถงึ https://avient.referrals.selectminds.com/ (“เว็บไซต”์) ประกาศฉบบันีไ้ม่ครอบคลุมถงึการใชบ้รกิารของ Avient ในฐานะผูบ้รโิภคหรอืการใชเ้ว็บไซตแ์ละแอปพลเิคชนัของบุคคลทีส่ามใด ๆ ทีคุ่ณอาจม ี รวมถงึเว็บไซตใ์ดทีเ่ช ือ่มโยงไปยงัเว็บไซตข์องเรา สําหรบัขอ้มูลเพิม่เตมิเกีย่วกบัวธิทีี ่Avient ประมวลผลขอ้มูลส่วนบุคคลของคุณสําหรบับรกิารเหล่านีแ้ละเว็บไซตข์องบุคคลทีส่าม โปรดเยีย่มชมคําแถลงความเป็นส่วนตวัของ Avient Corporation ซึง่มอียู่ที ่https://www.avient.com/company/policies-and-governance/avient- corporation-privacy-statement) กอ่นทีคุ่ณจะดําเนินการสมคัรต่อไป เราตอ้งการทีจ่ะแจง้ใหคุ้ณทราบสัน้ ๆ เกีย่วกบัวธิกีารทีเ่ราประมวลผลและปกป้องขอ้มูลส่วนบุคคลของคุณ โปรดอ่านประกาศฉบบันีอ้ย่างละเอยีดถีถ่ว้น โดยการส่งใบสมคัร เรซเูม่และ/หรอื CV ของคุณโดยใชเ้ครือ่งมอืการสมคัรออนไลนข์องเรา ขอ้มูลส่วนบุคคลของคุณจะไดร้บัการจดัการและปกป้องตามประกาศฉบบันี ้ เมือ่คุณไดส้่งใบสมคัรของคุณแลว้ คุณอาจจะเพิม่ขอ้มูลของคุณไปยงัคลงัผูส้มคัรทัว่โลกของเราได ้การทําเชน่นีจ้ะชว่ยให ้Avient สามารถแจง้ใหคุ้ณทราบถงึตําแหน่งทีน่่าสนใจอืน่ ๆ ทีคุ่ณอาจมคีุณสมบตัเิหมาะสม หากคุณมคีําถามใด ๆ เกีย่วกบัขอ้มูลส่วนบุคคลของคุณหรอืตอ้งการตดิต่อเราดว้ยเหตุผลอืน่ใด โปรดใชข้อ้มูลการตดิต่อทีใ่หไ้วด้า้นล่าง หน่วยงาน Avient ในพืน้ทีข่องเขตอํานาจศาลทีคุ่ณสมคัรงานจะทําหนา้ทีเ่ป็นผูค้วบคุมขอ้มูลเกีย่วกบัขอ้มูลส่วนบุคคลของคุณ 1.
ตดิต่อเรา หากคุณมคีําถามใด ๆ หรอืตอ้งการใชส้ทิธิข์องคุณ คุณสามารถตดิต่อเราไดท้ี:่ The Corporate Privacy Officer Avient Corporation 33587 Walker Road Avon Lake, Ohio 44012 อเีมล: PRIVACY.OFFICER@AVIENT.COM โทรศพัท:์ 1-800-901-2078 คุณยงัสามารถส่งคําถามหรอืคําขอเกีย่วกบัความเป็นส่วนตวัของคุณผ่านแบบฟอรม์ออนไลนไ์ด ้ สามารถตดิต่อเจา้หนา้ทีด่า้นการคุม้ครองขอ้มูลของ Avient ไดท้ี ่PRIVACY.OFFICER@AVIENT.COM ** สําหรบัผูส้มคัรในเปรู ขอ้มูลส่วนบุคคลจะไดร้บัการเก็บไวใ้นคลงัฐานขอ้มูล "[avient.taleo.net]" ซึง่ลงทะเบยีนใน National Personal Data Protection Registry ดว้ยรหสั RNPDP-PJP Nº [*]" วนัทีม่ผีลบงัคบัใช:้ 1 สงิหาคม 2020 mailto:PRIVACY.OFFICER@AVIENT.COM https://privacyportal.onetrust.com/webform/b25cf7b1-a93a-4d26-8c84-ceda4d0ae91b/e180cbe4-d1b9-49bd-b621-cb5f6a0f42cb mailto:PRIVACY.OFFICER@AVIENT.COM
https://www.avient.com/sites/default/files/2025-02/Hexagon and digimat case study.pdf
The resulting tensile test data shown in Figure 1 gives an indication of the variation in material response that can be observed as a function of the fibre orientations.
In reality, the material response can fall anywhere between the curves shown in Figure 1.
Figure 1: Tensile test data as a function of the fibre orientation 0° (orange), 45° (green), 90° (blue) https://www.hexagonmi.com Figure 4: Failure location in the flexural test for the isotropic modelling Figure 6: Failure location in the tensile test for the isotropic modelling approach (left), Digimat anisotropic modelling approach (middle) and reality (right) Figure 3: Flexural test results with the isotropic modelling approach (orange) and Digimat anisotropic modelling approach (green) Figure 5: Tensile test results with the isotropic modelling approach (orange) and Digimat anisotropic modelling approach (green) Figure 5 shows the tensile test results with, again, a convincing advantage for the Digimat anisotropic modelling approach against the isotropic modelling approach.
https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
The company noted that GAAP EPS includes $0.24 of special items (see Attachment 3) and $0.16 of intangible amortization expense (see Attachment 1).
You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission. 6 Investor Relations Contact: Giuseppe (Joe) Di Salvo Vice President, Treasurer and Investor Relations Avient Corporation +1 440-930-1921 giuseppe.disalvo@avient.com Media Contact: Kyle G.
Rose Vice President, Marketing and Communications Avient Corporation +1 440-930-3162 kyle.rose@avient.com mailto:giuseppe.disalvo@avient.com mailto:kyle.rose@avient.com 7 Attachment 1 Avient Corporation Summary of Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended March 31, 2023 2022 Sales $ 845.7 $ 892.2 Operating Income 57.1 102.2 Net income from continuing operations attributable to Avient shareholders 20.8 64.4 Basic earnings per share from continuing operations attributable to Avient shareholders $ 0.23 $ 0.70 Diluted earnings per share from continuing operations attributable to Avient shareholders $ 0.23 $ 0.70 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/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Seaport%2520Global%2520Transports%2520%2526%2520Industrials%2520Conference.pdf
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 Strategic balance between reinvestment for growth and returning cash to shareholders Strong and proven management team driving growth and performance 18 POLYONE CORPORATION Segment Highlights POLYONE CORPORATION 19 2016 Revenue: $0.8 Billion At a Glance: Color, Additives & Inks Key Applications 2016 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% 16.0% 20%+ 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2020 Operating Income % of Sales Platinum Vision United States 45% Europe 33% Asia 15% Latin America 5% Canada 2% Packaging 30% Industrial 15% W & C 10% B & C 10% Textiles 9% Transportation 9% Consumer 7% Healthcare 6% Appliance 2% E & E 2% POLYONE CORPORATION 20 2016 Revenue: $0.6 Billion At a Glance: Specialty Engineered Materials 2016 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% 14.3% 20%+ 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2020 Operating Income % of Sales Platinum Vision Consumer 19% Transportation 19% E & E 15% W & C 15% Healthcare 11% Industrial 8% Packaging 7% Appliance 3% B & C 3% United States 51% Europe 27% Asia 20% Canada 2% Key Applications POLYONE CORPORATION 21 2016 Revenue: $0.4 Billion At a Glance: Designed Structures & Solutions 2016 Revenue by Industry Expanding Profits 1.4% 5.6% 7.3% 3.0% 8-10% -0.9% 2012 2013 2014 2015 2016 2020 Operating Income % of Sales Platinum Vision Transportation 27% Industrial 21% Packaging 21% B & C 11% Healthcare 8% Consumer 8% Appliance 3% E & E 1% Key Applications United States 95% Canada 5% http://www.google.com/url?
sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http://www.mullerquaker.com/products/greek100/greek100-peach-and-passion-fruit&ei=-acYVZq7EIqwyASDjYL4CA&bvm=bv.89381419,d.cWc&psig=AFQjCNGNCQY1_dCN2RPLzxtap_Pu0omTXQ&ust=1427765484498432 POLYONE CORPORATION 22 2016 Revenue: $0.7 Billion At a Glance: Performance Products & Solutions 2016 Revenue by Industry Expanding Profits 5.5% 6.9% 3.8% 3.6% 5.5% 4.3% 6.3% 7.2% 7.7% 8.3% 12-14% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2020 Operating Income % of Sales Platinum Vision 11.1% B & C 30% Transportation 18% W & C 16% Industrial 16% Appliance 6% Consumer 5% Packaging 5% E & E 3% Healthcare 1% United States 78% Canada 16% Latin America 4% Asia 2% Key Applications POLYONE CORPORATION 23 2016 Revenue: $1.1 Billion At a Glance: Distribution Key Suppliers ROIC Expanding Profits 2.6% 3.0% 3.5% 4.0% 4.6% 5.6% 6.4% 5.9% 6.1% 6.6% 6.5-7.5% 6.4% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2020 Operating Income % of Sales Platinum Vision 15% 51% 2006 2016 Transportation 24% Healthcare 22% Industrial 18% Consumer 15% Appliance 6% E & E 5% B & C 4% Packaging 4% W & C 2% http://www.polyone.com/Pages/VariationRoot.aspx 24 POLYONE CORPORATION Application Examples POLYONE CORPORATION 25 Luxury Packaging with Gravitech Density Modified Polymers Impart weight, sound and metallic finish to caps and closures for cosmetics and spirits applications Elevate quality and prestige perceptions among high-end consumers Eliminate time and cost associated with secondary operations and assembly POLYONE CORPORATION 26 Eliminate costs by increasing pigment density Enhance color performance without altering form and formulation Increase design capabilities by reducing weight and layer thickness Optimize Color Usage with OnColor Super Concentrates POLYONE CORPORATION 27 Inhibit microbial growth on polymer surface Enhance value or products and devices Highly versatile concentrate with the ability to be incorporated into a wide variety of products Combat Bacteria Formation with WithStand Antimicrobial Technology POLYONE CORPORATION 28 Medical Device Housings with Chemically Resistant Engineered Polymers Durable, long-lasting products stand up to the most aggressive disinfectants Minimize environmental stress cracking and discoloration One of the broadest medically approved polymer and colorant portfolios POLYONE CORPORATION 29 Color & Design Services Greater control of color development and supply chain Work across entire design process from concept to commercialization Inspire creativity in the use of polymer materials, colors and effects Innovative brand differentiation Faster development timelines POLYONE CORPORATION 30 Outdoor Applications Leading provider of high performance specialty materials for the recreational and sports & leisure industry Well positioned across all segments to address market needs Metal to Polymer Conversion Lightweighting Thermal Management Impact Performance Source: Outdoor Industry Association POLYONE CORPORATION 31 Fiber Colorants Solutions for clothing, apparel, footwear, automotive & sporting goods ColorMatrix Fiber Colorant Solutions Proprietary advanced liquid color formulations and equipment enable greater efficiency and productivity Eliminates aqueous dyeing and its associated wastewater treatment Solid Color Concentrates Extrusion-spun fibers colored via solid masterbatch POLYONE CORPORATION 32 High-Barrier Packaging Containers Capability to extrude up to 13 layers Strong oxygen and moisture vapor transmission protection Can be made symmetrical or asymmetrical to meet customized needs of broad variety of applications Barrier protection and superior sensory properties 1 Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except per share data) Senior management uses comparisons of adjusted net income attributable to PolyOne common shareholders, adjusted earnings per share (EPS) attributable to PolyOne common shareholders and operating income before special items to assess performance and allocate resources because senior management believes that these measures are useful in understanding current profitability levels and that current levels may serve as a base for future performance.
Adjusted EPS attributable to PolyOne common shareholders is calculated as follows: 2009* 2010 2011 2012 2013 2014 2015 2016 Net income attributable to PolyOne common shareholders $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6 $ 165.2 Joint venture equity earnings, after tax (19.0) (14.7) (3.7) — — — — — Special items, before tax(1) (48.7) 24.2 (48.1) 55.1 46.3 164.2 87.6 35.5 Special items, tax adjustments(1) (27.2) (96.7) (24.7) (18.9) (13.7) (73.7) (58.7) (20.7) Adjusted net income attributable to PolyOne common shareholders $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5 $ 180.0 Diluted shares 93.4 96.0 94.3 89.8 96.5 93.5 88.7 84.6 Adjusted EPS attributable to PolyOne common shareholders $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96 $ 2.13 Adjusted operating income is calculated as follows: 2006* 2016 Operating income $ 233.6 $ 281.9 Special items (1) (39.1) 35.3 Joint venture equity earnings (107.0) 0.0 Adjusted operating income $ 87.5 $ 317.2 * Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principle, discontinued operations or the related resegmentation. (1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; the effect of changes in accounting principles or other such laws or provisions affecting reported results and tax adjustments.
https://www.avient.com/sites/default/files/2020-08/2020-hammerhead-application-install-guide.pdf
MARINE PLYWOOD Hammerhead™ panels are three times lighter than marine plywood MOISTURE ABSORPTION % weight change due to water absorption for selected composites and marine plywood 10000 60000 110000 160000 210000 260000 310000 360000 0.5 0.75 1 1.25 1.5 F le x u ra l R ig id it y - lb / in 2 Panel Thickness - in Hammerhead™ 5.3lb/in^3 Core Density Hammerhead™ 8.4lb/in^3 Core Density Plywood — Hammerhead™ 5.3 lb/ft3 Core Density — Hammerhead™ 8.4 lb/ft3 Core Density — Marine Plywood 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 0 10 20 30 40 50 60 70 80 90 100 % W e ig h t C h a n g e Immersion Time - Days .50" Hammerhead™ .75" Hammerhead™ 1" Hammerhead™ 1.50" Hammerhead™ .50" marine plywood .75" marine plywood 1" marine plywood Fl ex ur al R ig id ity - lb -in 2 INSTALLATION INSTRUCTIONS CUTTING & DRILLING Recommended blade: Industrial fine cut-off saw blade, 10" x 80 teeth 38° ATB grind with 5/8" bore, PTFE coating Recommended router bits: 3/8" diameter, 4 flute TiAlN (titanium aluminum nitride) coated carbide bit FORMING Apply localized 400˚F heat at a length proportional to the panel thickness (see equation below) and bend to shape.
Heat Length = π 2 * Thickness Radius = S B S T = 400°F B S GL AS S/ EP OX Y TA B M AT ER IA L TAB TESTING OF VARIOUS INSTALLATION METHODS Hammerhead™ PETG Laminate Hammerhead™ PETG Laminate BOTTOM PANEL LEG LENGTH BREAK STRENGTH (LBS) PETG Skins with Plywood Core 1 in 1.5 in 2 in 2400 2820 2748 Hammerhead™ with 5.3 lb/ft3 Core Density 2 in 665 Hammerhead™ with 8.4 lb/ft3 Core Density 2 in 1084 Marine Plywood 2 in 770 Glass/Epoxy with Plywood Core 2 in 1055 Glass/Polyester with Balsa Core 2 in 919 L-Bracket Installation Hammerhead™ PETG Laminate Hammerhead™ PETG Laminate BOTTOM PANEL LEG LENGTH BREAK STRENGTH (LBS) PETG Skins with Plywood Core 2 in 2375 Marine Plywood 2 in 770 Glass/Polyester with Balsa Core 2 in 797 U-Channel Installation N O T AB BOTTOM PANEL LEG LENGTH BREAK STRENGTH (LBS) Hammerhead™ with 5.3 lb/ft3 Core Density 2 in 420 Hammerhead™ with 8.4 lb/ft3 Core Density 2 in 332 Marine Plywood 2 in 984 Glass/Polyester with Balsa Core 2 in 1298 Hammerhead™ with 5.3 lb/ft3 Core Density - ITW Plexus MA420 Adhesive NA 501 Hammerhead™ with 8.4 lb/ft3 Core Density - ITW Plexus MA420 Adhesive NA 1156 Hammerhead™ with 8.4 lb/ft3 Core Density - Crestomer 1152PA Adhesive NA 1530 Hammerhead™ with 8.4 lb/in3 Core Density - Crestomer M1-30 Adhesive NA 1471 Mixed Conditions ITW Plexus MA420 adhesive was used in all tab testing installations except where noted.
BOTTOM PANEL LEG LENGTH BREAK STRENGTH (LBS) Hammerhead™ with 5.3 lb/ft3 Core Density 2 in 420 Hammerhead™ with 8.4 lb/ft3 Core Density 2 in 332 Marine Plywood 2 in 984 Glass/Polyester with Balsa Core 2 in 1298 Hammerhead™ with 5.3 lb/ft3 Core Density - ITW Plexus MA420 Adhesive NA 501 Hammerhead™ with 8.4 lb/ft3 Core Density - ITW Plexus MA420 Adhesive NA 1156 Hammerhead™ with 8.4 lb/ft3 Core Density - Crestomer 1152PA Adhesive NA 1530 Hammerhead™ with 8.4 lb/in3 Core Density - Crestomer M1-30 Adhesive NA 1471 ADHESIVE DESCRIPTION ADHESIVE GRADE MANUFACTURER AVERAGE BOND STRENGTH (PSI) STANDARD DEVIATION FAILURE MODE BEST ADHESION 2k Urethane 75421 Lord 2281 184 Substrate Cohesive 2k Acrylic SA1-705 GRY1 AccraLock 2211 78 Substrate 2k Acrylic Plexus MA420 ITW 2171 262 Substrate 2k Acrylic SA10-05 Blk1 AccraLock 2102 138 Substrate 2k Urethane 75451 Lord 2047 68 Cohesive 2k Acrylic SA1-705 GRY 1:2 AccraLock 1966 68 Substrate 2k Acrylic Scotchweld 8010 3M 1907 61 Adhesive Cyanoacrylate Gorilla Glue Gorilla Glue 1885 432 Cohesive 2k Acrylic Crestabond PP-04 Scott Bader 1873 281 Substrate 2k Acrylic SA10-05 Blk 10:2 AccraLock 1779 127 Cohesive 2k Urethane 75422 Lord 1716 190 Cohesive Adhesive 2k Urethane 75452 Lord 1535 98 Adhesive 2k Methacrylate Polyfuse Icon Containment 1610 98 Adhesive INTERMEDIATE ADHESION 2k Acrylic FA10-05 Blk C010817 AccraLock 724 58 Cohesive 2k Acrylic FA10-05 Blk1 AccraLock 722 44 Cohesive 2k Epoxy Loctite Epoxy Instant Mix Loctite 508 81 Adhesive 2k Epoxy Gorilla Glue Epoxy Gorilla Glue 341 198 Adhesive NOT RECOMMENDED 2k Epoxy Loctite Epoxy Marine Loctite 0 0 No bond ADHESIVE SELECTION Brands identified are owned by the manufacturers of the adhesive products. 1 surface sanded with 220 grit scuff prep 2 surface primed with 459T FASTENER TYPE BENEFITS CONSIDERATIONS Through-Bolting Best mechanical locking system Need back side access to panel Screw-In Anchor Highest pullout strength Requires pilot hole Cup Washer Spreads compressive load Requires relief hole; For substructure and hard point attachment Wide Grip (Bulb-Style) Rivet Ease of use—no installation torque limitations For lower load attachments Sheet Metal or Wood Screw Readily available, low cost Penetrate both skins for improved pullout Shoulder Washer Limits compressive load Requires relief hole; For substructure and hard point attachment For more information on installation, adhesives, and fasteners for specific applications, please contact Avient.
https://www.avient.com/sites/default/files/2023-02/PH - 15701960 AVIENT ASSESSE ISO 14001.pdf
Certificate of Approval Certificate n°: FR079697-1 Contract n°: 15701960 Revision date: 22 February 2023 Laurent CROGUENNEC - President Local office: Bureau Veritas Certification France Le Triangle de l'Arche - 9 Cours du Triangle - 92937 Paris La Défense Further clarifications regarding the scope of this certificate the applicability of the management system requirements may be obtained by consulting the organization.
To check this certificate validity, please call + 33(0) 1 41 97 00 60.