https://www.avient.com/sites/default/files/2023-10/ISO 22000 Certificate.pdf
Certificate Number:
255 ISO2P
Date First Registered:
03/04/2023
Issued on:
11/04/2023
Valid until:
10/04/2026
Awarded to
AVIENT PAKISTAN (PVT) LTD
1A/1, Sector#20, Korangi Industrial Area, Sector 20 Karachi, Pakistan
In recognition of the Organization´s Food Safety Management System which complies with :
ISO 22000:2018
Food Category : I
For the scope of activities described below:
Manufacturing & Processing of Polymer Resins & Master batch
F-3/22/ A 100 Issue date : 06/2022 Version:03
It is mandatory to carry out the surveillance audit on its time.
https://www.avient.com/sites/default/files/resources/POL%2520Gabelli%2520IR%2520Presentation%2520w%2520Non-GAAP%252003%252020%25202014.pdf
Use of Non-GAAP Measures
Page 3
PolyOne Commodity to Specialty Transformation
Page 4
• Continue specialty
transformation
• Targeting $2.50
Adjusted EPS by
2015, nearly
double 2013 EPS
• Drive double digit
operating income
and adjusted EPS
growth
• 17 consecutive
quarters of double-
digit adjusted EPS
growth
• Shift to faster
growing, high
margin, less cyclical
end markets
• Key acquisitions
propel current and
future growth, as
well as margin
expansion
• Established
aggressive 2015
targets
• Steve Newlin
Appointed,
Chairman, President
and CEO
• New leadership
team appointed
• Implementation of
four pillar strategy
• Focus on value
based selling,
investment in
commercial
resources and
innovation to drive
transformation
• Volume driven,
commodity
producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2013 2014 and beyond
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
PolyOne S&P 500 Russell 2000 Dow Jones Chemical
All time high of
$38.38
March 7th, 2014
• 17 consecutive quarters of
double digit EPS growth
• 49% CAGR adjusted EPS
expansion 2006-2013
• 2013 stock price increased
73% versus 30% growth in the
S&P
• More than seven fold increase in
market cap: $0.5b $3.6b
Strategy and Execution Drive Results
Page 5
Appliance
4%
Building &
Construction
13%
Wire & Cable
9%
Electrical &
Electronics
5%
Consumer
10%Packaging
16%
Industrial
12%
HealthCare
11%
Transportation
18%
Misc.
2%
United
States
66%
Europe
14%
Canada
7%
Asia
6%
Latin
America
7%
PP&S
20%
Specialty
53%
Distribution
27%
0.12
0.27 0.21
0.13
0.68
0.82
1.00
1.31
2.50
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
2006 2007 2008 2009 2010 2011 2012 2013 2015
Target
A
dj
us
te
d
Ea
rn
in
gs
P
er
S
ha
re
2013 Revenues: $3.8 Billion
End Markets
2013 Revenues: $3.8 Billion
EPS
Page 6
PolyOne
At A Glance
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
2%
34%
43%
62%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2015
%
o
f O
pe
ra
ti
ng
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
Specialty OI $5M $46M $87M $195M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 7
2006 2013 2015
“Where we were” “Where we are” Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.2% 12 – 16%
Global Specialty Engineered
Materials 1.1% 9.3% 12 – 16%
Designed Structures & Solutions -- 5.6% 8 – 10%
Performance Products &
Solutions 5.4% 7.2% 9 – 12%
Distribution 2.6% 5.9% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 62% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.1% 15%
4) Adjusted EPS Growth N/A 31%
Double Digit
Expansion
Proof of Performance & 2015 Goals
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 8
Bridge To $2.50 Adjusted EPS By 2015
2015 EPS: $2.50
2013 EPS: $1.31
Mid single digit
revenue CAGR
Page 9
Mergers & Acquisitions
Spartech accretion
Incremental share buybacks
Ongoing LSS Programs
(50-100 bps/yr)
Accelerated Innovation &
Mix Improvement
Innovation Drives Earnings Growth
$20.3
$52.3
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
Page 10
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
Healthcare
Consumer
Packaging and Additive Technology
Transportation
Page 11
Unique and Innovative Solutions that Help
Customers Win
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/uD3p_bdglP/Presentation revise pics/GLS Beverage can closure XO 2.jpg
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/-YgkycKypw/Anti-Counterfeiting release & images/GN1979.JPG
Net Debt / EBITDA* = 1.8x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of December 31, 2013
($ millions)
Page 12
Coupon Rates: 7.500% 7.375% 5.250%
Debt Maturities & Pension Funding – 12/31/13
*TTM 12/31/2013 ** includes US-qualified plans only
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2013
Pension Funding**
As of December 31, 2013
Free Cash Flow and Strong Balance Sheet Fund Investment
• Targets that expand our:
• Specialty offerings
• End market presence
• Geographic footprint
• Operating Margin
• Synergy opportunities
• Adjacent material solutions
• Expanding our sales,
marketing, and technical
capabilities
• Investing in operational and
LSS initiatives (including
synergy capture)
• Manufacturing alignment Organic
Growth
Share
Repurchases
Dividends
Acquisitions
Page 13
$0.16
$0.20
$0.24
$0.32
$0.00
$0.10
$0.20
$0.30
$0.40
2011 2012 2013 2014
Annual Dividend
• Repurchased ~5 million
shares in 2013
• 15 million shares
are available for
repurchase under
the current
authorization
The New PolyOne: A Specialty Growth Company
2015 Target: $2.50 Adjusted EPS
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2021-08/avient-cdp-climate-change-questionnaire-2021.pdf
Greenhouse
gas
Scope 1 emissions (metric tons of
CO2e)
GWP Reference
CO2 18,404 IPCC Fifth Assessment Report (AR5 –
100 year)
CH4 11 IPCC Fifth Assessment Report (AR5 –
100 year)
N2O 12 IPCC Fifth Assessment Report (AR5 –
100 year)
C7.2
(C7.2) Break down your total gross global Scope 1 emissions by country/region.
Avient CDP Climate Change Questionnaire 2021 Tuesday, August 3, 2021
100
Requesting member
Magna International Inc.
The following source was used for Global Warming Potential calculations: "IPCC Fifth
Assessment Report (AR5-100 Year)".
https://www.avient.com/sites/default/files/2023-04/Bergamid_ - Air gun bullet casing- Application Snapshot.pdf
AIRGUN BULLET
MANUFACTURER
B U L L E T C A S I N G
• Reduce weight by replacing metal
• Gunpowder free
• Less shooting energy from 100 Joules to 20 Joules
• Delivered a high-impact nylon formulation
with equal performance and 80% less weight
• Enabled improved shooting accuracy due to
the stable coefficient of friction(COF)
• Provided fast technical response and mold
trial support
Bergamid™ Polymer Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-10/Stat-Tech TPE - Powertool Handle - Case Study Snapshot_0.pdf
TOOL
MANUFACTURER
T O O L H A N D L E S
• Electrical resistivity of 100 MΩ, ESD
• Hardness of 90 Shore A or higher
• Suitable for OM onto PP
• White color
• Provided a solution with permanent
antistatic properties and excellent tear
resistance, enhancing durability
• Met required hardness range, giving handle
excellent grip
• Simplified manufacturing process with
excellent adherence directly onto PP
substrate
Stat-Tech™ Thermoplastic Elastomer
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/resources/POL%2520Sidoti%2520IR%2520Presentation%2520w%2520Non%2520GAAP%25203%252018%25202014.pdf
Use of Non-GAAP Measures
Page 3
PolyOne Commodity to Specialty Transformation
Page 4
• Continue specialty
transformation
• Targeting $2.50
Adjusted EPS by
2015, nearly
double 2013 EPS
• Drive double digit
operating income
and adjusted EPS
growth
• 17 consecutive
quarters of double-
digit adjusted EPS
growth
• Shift to faster
growing, high
margin, less cyclical
end markets
• Key acquisitions
propel current and
future growth, as
well as margin
expansion
• Established
aggressive 2015
targets
• Steve Newlin
Appointed,
Chairman, President
and CEO
• New leadership
team appointed
• Implementation of
four pillar strategy
• Focus on value
based selling,
investment in
commercial
resources and
innovation to drive
transformation
• Volume driven,
commodity
producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2013 2014 and beyond
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
PolyOne S&P 500 Russell 2000 Dow Jones Chemical
All time high of
$38.38
March 7th, 2014
• 17 consecutive quarters of
double digit EPS growth
• 49% CAGR adjusted EPS
expansion 2006-2013
• 2013 stock price increased
73% versus 30% growth in the
S&P
• More than seven fold increase in
market cap: $0.5b $3.6b
Strategy and Execution Drive Results
Page 5
Appliance
4%
Building &
Construction
13%
Wire & Cable
9%
Electrical &
Electronics
5%
Consumer
10%Packaging
16%
Industrial
12%
HealthCare
11%
Transportation
18%
Misc.
2%
United
States
66%
Europe
14%
Canada
7%
Asia
6%
Latin
America
7%
PP&S
20%
Specialty
53%
Distribution
27%
0.12
0.27 0.21
0.13
0.68
0.82
1.00
1.31
2.50
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
2006 2007 2008 2009 2010 2011 2012 2013 2015
Target
A
dj
us
te
d
Ea
rn
in
gs
P
er
S
ha
re
2013 Revenues: $3.8 Billion
End Markets
2013 Revenues: $3.8 Billion
EPS
Page 6
PolyOne
At A Glance
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
2%
34%
43%
62%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2015
%
o
f O
pe
ra
ti
ng
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
Specialty OI $5M $46M $87M $195M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 7
2006 2013 2015
“Where we were” “Where we are” Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.2% 12 – 16%
Global Specialty Engineered
Materials 1.1% 9.3% 12 – 16%
Designed Structures & Solutions -- 5.6% 8 – 10%
Performance Products &
Solutions 5.4% 7.2% 9 – 12%
Distribution 2.6% 5.9% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 62% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.1% 15%
4) Adjusted EPS Growth N/A 31%
Double Digit
Expansion
Proof of Performance & 2015 Goals
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 8
Bridge To $2.50 Adjusted EPS By 2015
2015 EPS: $2.50
2013 EPS: $1.31
Mid single digit
revenue CAGR
Page 9
Mergers & Acquisitions
Spartech accretion
Incremental share buybacks
Ongoing LSS Programs
(50-100 bps/yr)
Accelerated Innovation &
Mix Improvement
Innovation Drives Earnings Growth
$20.3
$52.3
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
Page 10
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
Healthcare
Consumer
Packaging and Additive Technology
Transportation
Page 11
Unique and Innovative Solutions that Help
Customers Win
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/uD3p_bdglP/Presentation revise pics/GLS Beverage can closure XO 2.jpg
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/-YgkycKypw/Anti-Counterfeiting release & images/GN1979.JPG
Net Debt / EBITDA* = 1.8x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of December 31, 2013
($ millions)
Page 12
Coupon Rates: 7.500% 7.375% 5.250%
Debt Maturities & Pension Funding – 12/31/13
*TTM 12/31/2013 ** includes US-qualified plans only
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2013
Pension Funding**
As of December 31, 2013
Free Cash Flow and Strong Balance Sheet Fund Investment
• Targets that expand our:
• Specialty offerings
• End market presence
• Geographic footprint
• Operating Margin
• Synergy opportunities
• Adjacent material solutions
• Expanding our sales,
marketing, and technical
capabilities
• Investing in operational and
LSS initiatives (including
synergy capture)
• Manufacturing alignment Organic
Growth
Share
Repurchases
Dividends
Acquisitions
Page 13
$0.16
$0.20
$0.24
$0.32
$0.00
$0.10
$0.20
$0.30
$0.40
2011 2012 2013 2014
Annual Dividend
• Repurchased ~5 million
shares in 2013
• 15 million shares
are available for
repurchase under
the current
authorization
The New PolyOne: A Specialty Growth Company
2015 Target: $2.50 Adjusted EPS
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2024-06/Cesa Flame Retardant Product Selection Guide %281%29.pdf
POLYMER PRODUCT NAME PROPERTY PERFORMANCE TYPE DOSAGE/LDR
MATERIAL
CODE
ABS FRABS92991 UL 94 Halogen 35% CC10292991WE
ABS FRABS52399 UL 94 Halogen 5–14% CC10252399WE
HDPE Cesa Flam MB 5101AH UL 94 Halogen 7–16% PEAN698479
Nylon Cesa Flam MB 5728H UL 94 Halogen 8–14% ABA0698450
Nylon Cesa Flam MB 5731NH UL 94 Non-halogen 8–20% ABAN698410
PC Cesa Flam NCA0820018NH UL 94 Non-halogen 2–4% NCA0820018
PC NCAN-Z0N-FN FLMRET 698419 UL 94 Non-halogen 3–8% NCAN698419
PE FRPE94802 ASTM E84 Non-halogen 100% CC103094802F
PE FRPE41011 UL 94 Halogen 20–30% CC1034101160
PET Cesa Flam MB 5525NH UL 1441, UL 94 Non-halogen 6–8% NEAN698534
PET FRPET65462 UL 94 Non-halogen 5–12% CC103265462F
PET/ PBT Cesa Flam MB 5532NH NFPA 701 Non-halogen 4–6% NBAN698451
PP Cesa Flam MB 5201H UL 94 Halogen 6–30% PPAN698410
PP Cesa Flam MB CT-1629NH Cal TB 133, UL 94 Film, NFPA 701 Non-halogen 6–8% PPAN698428
PP FRPP365370 UL 94 Non-halogen 10–20% CC103653702F
PP Copolymer FRPP37654 UL 94 5VA Halogen 100% CC10337654WE
PP Copolymer FRPP53484 UL 94 Halogen 10% CC1035348460
PS FRPS62722 ASTM E84 Halogen 2–4% CC10262722WE
PS/HIPS Cesa Flam SLA0820014H UL 94 Halogen 4–8% SLA0820014H
TPU Cesa Flam 98461NH UL 94 Non-halogen 6–14% RUA0698461
F-SERIES FLAME RETARDANT ADDITIVES
HDPE/PE F-Series UL 94 Non-halogen 10–25% PEA0820024
PE F-Series UL 2335, FM 4998 Non-halogen 10–25% PEA0820069
https://www.avient.com/sites/default/files/2022-04/Versaflex XP Wet Grip Product Bulletin_NEW.pdf
Tested against commonly used wet grip materials,
the Versaflex XP 2850 material demonstrated
exceptional wet kinetic COF performance—
showing more than a 100% improvement over the
competition—and better dry COF performance as
well.
Consumer home goods, such as bath mats
• Outdoor recreation equipment
• Fishing gear
• Water sports equipment
PRODUCT BULLETIN
0
200
400
600
800
1000
1200
0
25
50
75
100
Initial 6 Month
6-Month Ocean Water*
Immersion Study
Hardness, Shore A
(ASTM D2240)
Tensile Strength, psi
(ASTM D638)
1.844.4AVIENT
www.avient.com
Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/2021-07/moisture-resistant-nylon-lft-technical-bulletin.pdf
This literature shall NOT operate as permission, recommendation, or inducement to practice any patented invention without permission of the patent owner.
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0 100 200 300 400 500 600 700 800 900 1000
Te
ns
ile
S
tr
en
gt
h
R
et
en
ti
on
Hours Submerged
Tensile Strength Retention
Standard Nylon 6/6, 50% Long Glass Fiber
Moisture Resistant Nylon 6/6, 50% Long Glass Fiber
Specialty Nylon 6/12, 50% Long Glass Fiber
https://www.avient.com/sites/default/files/2022-06/Maxxam FR Injection Molding Processing Guide.pdf
Barrel Temperatures
°F (°C) PP
Mineral-Filled
PP
Glass-Filled
PP HDPE LDPE
Rear Zone 360–390(182–200)
400–420
(204–216)
415–435
(213–224)
400–420
(204–216)
370–390
(188–199)
Center Zone 370–400(188–204)
410–430
(210–221)
425–445
(218–229)
410–430
(210–221)
380–400
(193–204)
Front Zone 390–410(200–210)
420–440
(216–227)
435–455
(224–235)
420–440
(216–227)
390–410
(199–210)
Nozzle 400–425(204–219)
415–435
(213–224)
430–450
(221–232)
430–450
(221–232)
400–425
(204–219)
Melt Temperature 400–425(204–219)
415–435
(213–224)
430–450
(221–232)
430–450
(221–232)
400 - 425
(204–219)
Mold Temperature
°F (°C)
60–120
(16–49)
Pack & Hold Pressure 50–75% of injection pressure
Injection Velocity
(in/s) 1.0–3.0
Back Pressure
(psi) 50–100
Screw Speed
(rpm) 30–100
Drying Parameters
Hours @ °F (°C)
Not typically required.
Drying non-halogenated materials is suggested.
2 hours @ 100 (38)
Moisture Range
(%)
Not required