https://www.avient.com/sites/default/files/2020-08/thermoset-composites-tri-fold-product-selection-guide.pdf
PRODUCT MATERIAL DESCRIPTION COLOR
MAX
THICKNESS
IN (MM)
MAX
WIDTH
IN (CM)
FLEXURAL
MODULUS
Msi (GPa)
FLEXURAL
STRENGTH
ksi (MPa)
GLASS
%
GC-70-UL Glass/Epoxy Any
0.1
(2.5)
17.75
(45)
5.8
(39.99)
210
(1448)
70
GC-66-ULW
Glass/Epoxy,
90° Weft
Any
0.1
(2.5)
17.75
(45)
4.5
(31.03)
130
(896)
66
GC-70-ULS
Glass/Epoxy,
1080 Woven Scrim
Any
0.1
(2.5)
17.75
(45)
5.8
(39.99)
210
(1448)
70
GC-70-ULZ Glass/Epoxy Natural
0.04
(1.0)
8.75
(22.2)
6.8
(46.89)
245
(1689)
70
GC-70-ULC Carbon/Epoxy Black
0.04
(1.0)
8.0
(20.3)
19.9
(137.21)
300
(2069)
70
http://www.polyone.com/content/product-selection-help-form
BARSTOCK
All barstock composites are machined to size with a surface finish prepared to fit customer requirements.
STANDARD BARSTOCK PRODUCTS
PRODUCT MATERIAL DESCRIPTION COLOR
MAX
THICKNESS
IN (MM)
MAX
WIDTH
IN (CM)
FLEXURAL
MODULUS
Msi (GPa)
FLEXURAL
STRENGTH
ksi (MPa)
GLASS
%
GC-67-UB Glass/Epoxy Black
0.575
(14.6)
11.75
(29.8)
5.8
(39.99)
153
(1055)
67
GC-67-UBZ Glass/Epoxy Black
0.5
(12.7)
8.75
(22.2)
5.8
(39.99)
153
(1055)
67
GC-60-UBC Carbon/Epoxy Black
0.25
(6.35)
4.0
(10.2)
12.5
(86.19)
150
(1034)
60
GC-67-UBW
Glass/Epoxy,
90° Weft
Blue
0.25
(6.35)
8.75
(22.2)
4.8
(33.10)
150
(1034)
67
http://www.polyone.com/content/product-selection-help-form
PULTRUDED PROFILES - TYPICAL PROPERTIES
The Glasforms™ pultrusion process creates continuous,
constant cross-sectional profiles with consistent, uniform
quality and exceptional mechanical performance.
Standard and custom shapes and sizes are available with
a variety of resins including polyester, vinyl ester, and epoxy,
and reinforcements including mat/roving (MR-GFRP) or
unidirectional (U-GFRP) fiberglass, or high performance
unidirectional carbon fiber.
https://www.avient.com/sites/default/files/2020-09/stan-tone-hcc-product-bulletin-1.pdf
%
Pigment
Specific
Gravity
Color
Index
Heat
Stability Lightfastness
WHITE
HCC-12144
Titanium Dioxide,
Anatase
61 1.89 PW-6 1 I/O C
HCC-12145
Titanium Dioxide,
Rutile
70 2.09 PW-6 1 I/O
YELLOW
HCC-12148 (a) Diarylide AAOT GS 35 1.09 PY-14 3 I
HCC-12516 (a) Diarylide AAMX RS 30 1.07 PY-13 3 I
HCC-12149 (a) Diarylide HR RS 22 1.04 PY-83 2 I/O (Mass)
HCC-12194 Iron Oxide 70 2.08 PY-42 2 C I/O
HCC-12503 Benzimidazolone GS 30 1.09 PY-151 2 I/O (Mass)
HCC-5253 (b) Isoindolinone RS 30 1.12 PY-110 1 I/O
ORANGE
HCC-17394 Benzimidazolone RS 20 1.05 PO-36 2 I/O
HCC-17747 Azo YS 30 1.11 PO-64 2 I/O
HCC-33428 Dianisidine RS 29 1.06 PO-16 3 I/O (Mass)
RED
HCC-12156 (a) Red 2B, Ca Salt BS 30 1.12 PR-48:2 2 I/O (Mass)
HCC-12160 (a) Red 2B, Ca Salt YS 33 1.12 PR-48:1 2 I/O (Mass)
HCC-12158 (a) Pyrazolone YS 25 1.05 PR-38 2 C I/O (Mass)
HCC-12159 Pigment Scarlet BS 38 1.21 PR-60:1 2 I/O (Mass)
HCC-12196 Iron Oxide, Dark VBS 65 2.09 PR-101 1 I/O
HCC-12197 Iron Oxide, Light BS 70 2.24 PR-101 1 I/O
HCC-18653 Iron Oxide, Light VYS 70 2.23 PR-101 1 I/O
HCC-11796 (a)
Specialty Naphthol
BS
32 1.06 PR-170 2 I/O (Mass) C
HCC-12742 (a)
Specialty Naphthol
YS
30 1.07 PR-170 2 I/O (Mass) C
HCC-2160 (b) Quinacridone BS 26 1.08 PV-19 2 I/O
HCC-12309 Quinacridone YS 25 1.07 PV-19 2 I/O
HCC-7707 Perylene Scarlet YS 25 1.04 PR-149 2 I/O
HCC-15738
Diketo-Pyrrolo-
Pyrrol YS
30 1.1 PR-254 1 I/O
BLUE
HCC-12164 Phthalocyanine GS 27 1.08 PB-15:3 1 I/O
HCC-12166 Phthalocyanine RS 18 1.05 PB-15 1 I/O
HCC-12168
Phthalocyanine
RS-NC
32 1.11 PB-15:1 1 I/O
HCC-12929 (c) Ultramarine 53 1.4 PB-29 1 I/O
Stan-Tone
Code
Pigment
Type
Approx. %
Pigment
Approx. %
Solids
Color
Index
pH
Typical Lightfastness
GREEN
HCC-12172 Phthalocyanine BS 17 1.07 PG-7 1 I/O
HCC-12173
Phthalo Brominated
VYS
25 1.16 PG-36 1 I/O
HCC-10562 Phthalocyanine YS 30 1.15 PG-7 1 I/O
HCC-12176 Chromium Oxide 80 2.8 PG-17 1 I/O
VIOLET/MAGENTA
HCC-17680 (c) Ultramarine Violet 50 1.46 PV-15 1 I/O
HCC-2170 (b) Quinacridone Violet 30 1.09 PV-19 2 I/O
HCC-14562
Quinacridone
Magenta
25 1.06 PR-122 2 I/O
HCC-26775 Benzimidazolone 20 1.03 PV-32 2 I/O
HCC-33159 (a) Carbazole Violet 12 1.03 PV-23 2 I/O
BROWN/TAN
HCC-1286 (b) Iron Oxide, Tan HR 60 1.85 PBr-11 1 I/O
HCC-12201 Iron Oxide, Light 71 2.21 PBr-6 2 C I/O
HCC-12202 Iron Oxide, Dark 67.5 2.06 PBr-6 2 C I/O
BLACK
HCC-12203 Furnace-High Jet 18 1.06 PBk-7 1 I/O
HCC-12204 Furnace-High Jet 6 1 PBk-7 1 I/O
HCC-12205 Furnace-Low Jet 34 1.15 PBk-7 1 I/O
HCC-12206 Furnace-Medium Jet 20 1.07 PBk-7 1 I/O
HCC-18654
Furnace-Ultra High
Jet
15 1.04 PBk-7 1 I/O
HCC-14674 Iron Oxide 59 1.82 PBk-11 2 C I/O
ALUMINUM
HCC-12177 Aluminum 50 1.43 PM-1 2 I/O
HCC
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 Bleed / Migration
(b) = ESO plasticizer (Epoxidized Soybean Oil)
(c) = Pigment may fade in acidic environment
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
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-10/case-study-nymax-rigid-phone-case.pdf
LEADING OUTDOOR
PRODUCTS OEM
P R O T E C T I V E P H O N E C A S E
• Alternative to traditional PC/ABS for improved toughness
and chemical resistance
• Substrate must have improved bondability to a protective
TPE overmold
• Looking for a differentiated “feel”
• Offered a proven expertise in selecting the
right combination of substrate polymer, TPE
for overmolding, and color concentrate for
optimal processing and performance
• Provided custom solution after collaborating
with molders and OEM through on-site trials
and troubleshooting support
• Enabled the customer to expand their
offering for the outdoor consumer market
• Custom Nymax™ PA6 Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
https://www.avient.com/resources/safety-data-sheets?page=543
BLUE
BLUE
USM BLUE
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/bergamid-fr-non-halogen-flame-retardant-formulations
Bergamid™ FR Non-Halogen Flame Retardant Formulations
The Bergamid family of products are available in a PA 6, PA 66, and PA 6/66 base resin in unfilled or reinforced systems.
Supplier HellermannTyton switched to heat-stabilized Bergamid™ B70 G30H Black TM-X polyamide to produce a seat fastener at lower cost, lower weight and with greater design flexibility
https://www.avient.com/sites/default/files/2020-09/sem-stain-resistant-technical-bulletin.pdf
MATERIAL BREAKTHROUGH: VERSAFLEX™ CE BLUE JEAN STAIN RESISTANT
TPES FOR WHITE OR LIGHT-COLORED PHONE CASES
Phone case brands have struggled to design white or light-colored cases that do not stain when in contact
with blue jeans.
Avient has formulated a new material that offers blue jean stain resistance similar to that of silicone*, yet with
all the benefits of using a TPE: increased design freedom, an efficient supply chain leading to faster speed to
market, and lower total part costs.
A section of blue jeans was cut and the seam opened.
https://www.avient.com/sites/default/files/2022-03/AVNT Mar 2022 Presentation.pdf
D
is
t.
)
K
W
R
P
P
G
F
U
L
R
P
M
A
V
Y
F
M
C
H
U
N
H
X
L
S
C
L
E
C
L
E
M
N
C
E
A
S
H
Source: Peer data per Bloomberg market data as of February 15, 2022.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
H I G H F R E E C A S H F L OW
C O N V E R S I O N
Avient reflects 2021 estimated EBITDA of $635M and estimated CAPEX of $90M (excludes IT system upgrade of $25M and synergy capture CAPEX of $20M)
Source: Peer data per Bloomberg market data as of February 15, 2022
86
89
85
80
76 76
89
85
79 78 76 76 76
70 69
63
8
A
vi
e
n
t
K
W
R
P
P
G
F
U
L
A
V
Y
R
P
M
F
M
C
U
N
V
R
H
U
N
B
N
R
H
X
L
E
C
L
C
E
A
S
H
E
M
N
S
C
L
A
L
B
Source: Peer data per Bloomberg market data as of February 15, 2022
Total Enterprise Value / 2022E EBITDAWith the Clariant Color business
acquisition and divestment of the
PP&S business, our exposure is
now concentrated in less-cyclical
and high-growth markets.
O U R VA LUATI O N V E R S U S P E E R S
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
5.4
8.5
10.1 10.0
15.7
15.0
14.2
12.7
10.2
25.0
19.7
17.7
13.2
12.3
10.0 9.9
8.9 8.5 8.3
6.6
A
vi
e
n
t
(2
0
1
1
)
A
vi
e
n
t
(2
0
1
6
)
A
vi
e
n
t
(2
0
2
1
)
A
vi
e
n
t
(T
o
d
a
y)
R
P
M
K
W
R
P
P
G
A
V
Y
F
U
L
A
L
B
E
C
L
H
X
L
A
S
H
F
M
C
B
N
R
E
M
N
U
N
V
R
C
E
S
C
L
H
U
N
Historic Multiple
S U M M A RY: W H Y I N V E S T I N AV I E N T ?
https://www.avient.com/sites/default/files/resources/September%2520Investor%2520Presentation.pdf
U S E O F
N O N - G A A P
M E A S U R E S
PolyOne Corporation 3
• This presentation includes the use of both GAAP (generally accepted
accounting principles) and non-GAAP financial measures.
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
Operational
Excellence
Commercial
Excellence
Specialization
Globalization
Collaboration ExcellenceInnovation
To be the world’s
premier provider of
specialized polymer
materials, services
and solutions
S A F E T Y F I R S T
PolyOne Corporation 5
Injuries per 100 Workers
Spartech
Acquisition
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
0.51
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
PolyOne Corporation 6
P O L Y O N E P O S T P P & S D I V E S T M E N T
2 0 1 8 R E V E N U E | $ 2 . 9 B I L L I O N
Segment End Market Geography
Transportation
17%
Healthcare
16%
Industrial
15%
Packaging
13%
Consumer
13%
Wire & Cable
8%
Building &
Construction
7%
Electrical &
Electronics
6%
Appliance
4%
Color
Additives &
Inks 35%
Distribution
43%
Specialty
Engineered
Materials
22%
United States
53% Europe 19%
Asia
12%
Canada
5%
Latin
America
11%
2009 2010 2011 2012 2013 2014 2015 2016* 2017* 2018
$2.43
P R O O F O F P E R F O R M A N C E
C O N S E C U T I V E
Y E A R S
PolyOne Corporation 7
9
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
*Pro Forma for sale of DSS
2006 2018
ROIC** 5.0% 14.1%
Operating Income
% of Sales
Color, Additives &
Inks 1.7% 15.1%
Specialty Engineered
Materials 1.1% 11.2%
Performance
Products
& Solutions
4.3% 10.0%
Distribution 2.6% 5.6%
**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
A D J U S T E D E P S E X P A N S I O N
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 8
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 5-7% annually
Double acquired
company margins
Enhance efficiencies
through Lean Six Sigma
and commercial excellence
531
710130
164
504
663
2014 2018
R&D / Technical Marketing Sales
PolyOne Corporation 9
Increased commercial headcount
+ 34%
+ 26%
+ 32%
I N V E S T M E N T I N C O M M E R C I A L R E S O U R C E S D R I V I N G G R O W T H
Sustained revenue increases led
by organic business
$2.9 $2.9
$3.2
$3.5
2015 2016 2017 2018
Total
+ 9%
Organic
+ 5%
Revenue in billions of $
Total
+ 10%
Organic
+ 7%
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 10
Expanded Path
Traditional Path
Strategic Accounts/
Field Sales
Business
Development
Customer
Service
Web and Social
Media
Inside Sales
PolyOne Corporation 11
Investments in digital and dedicated inside sales to
improve customer experience
110% increase in leads (from 6,000 to 12,700) driven
by website, phone, and online chat
E X P A N D E D P A T H
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
24
2014 2018
Inside sellers
$11M
$109M
2014 2018
Inside sales/digital revenue
A L I G N I N G W I T H T R E N D S F O R G R O W T H
T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R
PolyOne Corporation 12
Facilitate
alternative
energy
solutions
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
I N N O V A T I O N
PolyOne Corporation 13
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Innovation comes from Research & Development Spend
($ millions)
Vitality Index
% of sales from products launched last 5 years
12%
35%
2006 2018
$20
$56
2006 2018
Transformational
Opportunity for Growth
Through M&A
Adjacent
Opportunity for
Growth Through New
Product Pipeline
Core
Customization
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 14
Incremental
development
from existing
base of
technology
New development
adjacent to current
technology
New technology
development
outside of and with
our current base
Service adjacent
markets and
customers
Create new
markets, target
new customer
needs
Service existing
markets and
customers
Market
Technical
I N N O V A T I O N
Non-Halogen Flame
Retardants
Barrier Technologies
Fiber Colorants
Advanced Composites
Thermoplastic Elastomers
Gordon Composites/
Polystrand – Composites
GLS – Thermoplastic Elastomers
ColorMatrix – Liquid Color & Additives
PlastiComp
Fiber-Line
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 15
PrototypeFrame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
(since 2017)
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
5
8
2
3
3
3
44 0
1
4
5
1
1
3
Breakthrough
Platform
Derivative
Number of Projects 10 5 17 5 10 47
Total Addressable Market
($ millions)
- - $1,767 $315 $766 $2,848
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
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 16
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 17
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
Acquired
Polystrand
Installed LFT
production
Avon Lake
Acquired
Gordon
Composites
Thermoplastic Composites
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
Long Fiber
Thermoplastic
(LFT)
Technology
Installed LFT
production
Barbastro,
Spain
Acquired
Glasforms
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2012 2015 20162009 2011
Acquired
PlastiComp,
specialty LFT
producer
2018
PolyOne Corporation
2019
Acquired
Fiber-Line,
specialty
fiber
processor
18
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 19
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
F I B E R - L I N E H I G H L I G H T S
PolyOne Corporation 20
71%
16%
12%
1%
2018PF Sales by Market
Fiber Optics
Industrial
Oil & Gas
Consumer
Estimated 2019 Sales:
$100M
• Abrasion
resistance
• Adhesion
enhancement
• Anti-microbial
• Chemical
resistance
• Color
• Conductivity
• Fire retardant
• Glow-in-the-
dark
• Process
enhancement
• UV inhibitor
• Water
swellable
• Water
repellency
• Entangling
• Extrusion
• Pultrusion
• Twisting
• Winding
• Braiding
• Stranding
High Performance
Fiber and Polymers
Suppliers
Customer
Value
Coating
Technology
Processing
Technology
Fiber-Line
Bare and Coated
Fiber and
Composite Rod
Customers
Fiber Processing
Capabilities
Polymer Formulation
Capabilities
P O L Y O N E A P P L I C A T I O N S I N F I B E R O P T I C C A B L E S
PolyOne Corporation 21
1.
Leverage
PolyOne’s
global reach
Phase 1
Phase 2
Phase 3
18-20%
operating
margins
Invest in
commercial
resources
I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E
PolyOne Corporation 25
Commercial
Resources
Operating
Income
($ in millions)
Operating
Margins
243
340
At Acquisition Today
$36
$96
At Acquisition Today
11%
20%
At Acquisition Today
Established Acquisitions
(> 7 years)
+ 40% + 165% + 900 bps
I N V E S T - T O - G R O W D R I V I N G T H E F U T U R E
PolyOne Corporation 26
Commercial
Resources
Operating
Income
($ in millions)
Operating
Margins
138
181
251
At Acquisition Today Goal
$23 $25
$70
At Acquisition Today Goal
7% 8%
18-20%
At Acquisition Today Goal
Recent Acquisitions
PolyOne Corporation 27
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
$0
$150
$300
$450
$600
$750
$900
2011 2012 2013 2014 2015 2016 2017 2018
$890M
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 $ 1 . 2 B I L L I O N S I N C E 2 0 1 1
PolyOne Corporation
$0.16
$0.20
$0.24
$0.32
$0.40
$0.48
$0.54
$0.70
$0.78
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
3-Year Dividend Plan
Cumulative Share Repurchases
(In millions)
Increasing Annual Dividend
28
6.3%
14.1%
16-17%
2009 2018 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 29
PolyOne Corporation 30
W H Y I N V E S T I N P O L Y O N E ?
https://www.avient.com/resources/safety-data-sheets?page=6624
BERGAMID B70 H UF V2 GREY VN4155CF UV
SILCOGUM BLUE 60652
STAN-TONE DB-15597 HI LITE BLUE
https://www.avient.com/resources/safety-data-sheets?page=3972
PBT H UF natural UV
E BLUE
PE CYAN BLUE U