https://www.avient.com/sites/default/files/2022-01/Dynaflex-Disposable syringe tip cap-Application snapshot.pdf
SYRINGE
MANUFACTURING
D I S P O S A B L E S Y R I N G E T I P
C A P
• Excellent sealing and resealing performance
• No DEHP or natural rubber latex added during processing
• Can be sterilized by EtO
• Compliance with ISO 10993-4&5, USP Class VI
Dynaflex™ Thermoplastic Elastomer
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-10/reSound BIO TPE -Underwire-case study snapshot.pdf
FAMOUS
UNDERWEAR
BRAND
U N D E R W I R E
• Formulated a 40% bio-derived material to
help meet customer’s sustainable goals with
good rigidity and supporting strength
• Improved comfort and softness compared to
a normal steel underwire design
• Passed ISO 105-X18 textile test with good
chemical resistance, durability, and wash
fastness
Customized reSound™ BIO TPE
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-09/antimicrobials-for-electronics-application-bulletin.pdf
They are available
for processes including extrusion, injection
molding, blow molding, rotational molding and
thermoforming.
1. https://www2.deloitte.com/us/en/pages/technology-media-and-
telecommunications/articles/global-mobile-consumer-survey-us-edition.html
2. https://cals.arizona.edu/news/why-your-cellphone-has-more-germs-toilet
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2022-05/OnFlex S HF Electrical Housing Case StudyNEW.pdf
ECO-CONSCIOUS SOLUTION
REMOVES HALOGENS
FROM ELECTRICAL
JUNCTION BOXES
CASE STUDY: ONFLEX™ S HF THERMOPLASTIC ELASTOMERS
Ch
all
en
ge
A
cc
ep
te
d.
Further,
according to international standard IEC 60670-1, the materials
used in the wall boxes have to pass a Glow Wire Flammability
Index (GWFI) 850°C testing (IEC 60695-2-12) at the application
thickness, and 960°C at 2mm.
https://www.avient.com/sites/default/files/resources/PDI_Case_Study_-_Medical_Device_0.pdf
C O N TA C T I N F O R M AT I O N
Polymer Diagnostics Inc.
33587 Walker Road
Avon Lake, Ohio 44012
United States
+1 800 438 2335
+1 440 930 1644 fax
Polymer Diagnostics Inc. is a contract laboratory with accreditation to ISO/IEC 17025 by the
American Association for Laboratory Accreditation (A2LA) for both chemical and mechanical
capacities.
Americas
U.S. – Avon Lake, Ohio
+ 1 800 438 2335
Asset No. 76593C M Y K PDICaseStudy.indd REMAY 76593 trim: 8.5in x 11in and 8.25in x 11.6875in bleed: 8.75in x 11.9375in Digital/IAM
https://www.avient.com/sites/default/files/2020-08/tpes-for-automotive-industry-bulletin.pdf
INDUSTRY BULLETIN
STANDARD UNITS ONFLEX LO 7120-45N
Volatile Organic Compounds VDA 278 ug/g(ppm) 41
Fogging VDA 278 ug/g(ppm) 521
Odor
• Control
• Dry conditions
• Wet conditions
SAE J1351 (15) 1-10 Scale
1
2
1
Compression Set (23°C)
• 22 hours
• 70 hours
ASTM D395 % 14.4
14.6
Capillary Viscosity
• 1341/s
• 11170/s
ASTM D3835 Pa*s 35
7
HVAC SYSTEMS
OnFlex™ LO
• Features: low VOC/FOG, low odor, good compression set, easy processing, overmolds to polypropylene
• Example applications: seals and flaps in heating, ventilation and air conditioning systems
CHARACTERISTICS ONFLEX
™
LO
ONFLEX™
AF
TPE
GENERAL
PURPOSE
TPV TPO
Volatile Organic Compounds (VDA 278) Very Low Moderate Moderate Moderate Very Low
Fogging (VDA 278 & DIN 75201) Very Low Moderate Moderate High Very Low
Odor (VDA 270 Requirement ≤3.0) ≤3.0 ≤3.0 >3 >3 ≤3.0
Gloss Level Low Low Low Very Low High
Tactile Feel Grippy Grippy Grippy Grippy Waxy
Pre-Drying Required No No No Yes No
Raw Material Costs $$ $$ $$ $$$ $
Compression Set @ RT Good Good Good Excellent N/A
Compression Set @ ≥70°C Moderate Moderate Moderate Good N/A
UV Resistance Good Excellent Good Good Good
Weatherability Good Excellent Good Good Good
Hardness Range Low to High Low to High Low to High Low to High High
Density (g/ml) 1.15 0.99 0.90–1.20 0.95–0.98 0.90–1.20
GENERAL CHARACTERISTICS COMPARING TPE, TPV, TPO
Grades shown on both pages are representative of solutions manufactured in North America, more grades available globally.
INTERIORS/EXTERIORS
TEMP STANDARD UNITS ONFLEX AF 7210-40B
ONFLEX AF
7210-50B
ONFLEX AF
7210-60B
ONFLEX AF
7210-70B
ONFLEX AF
7210-80B
QUV Exposure
• 1000 Hrs(0.68 W/m2 @ 340nm)
• 2000 Hrs(0.68 W/m2 @ 340nm)
45°C ΔE
0.49
0.38
0.42
0.48
0.21
0.85
0.22
0.14
0.32
0.24
Xenon-Arc Exposure
• 1000 Hrs(0.35 W/m2 @ 340nm) 63°C ΔE 0.63 0.84 0.34 — 0.58
Capillary Viscosity
• 1341/s
• 11170/s
ASTM
D3835
Pa*s
60
11.4
79
15
65
13
48
13.7
73
16
Ozone Resistance
ASTM
D1149(16) B
Visual No cracks No cracks No cracks No cracks No cracks
Low Temperature Brittleness ISO 812 B °C -63 -62 -62 -62 -62
OnFlex™ AF
• Features: long-term sealing performance, reduced noise and vibration, grippy feel, low gloss, low odor,
excellent UV resistance and weatherability, easy processability, overmolds to polypropylene
• Example applications: trays, door pockets, fasteners, clips, roof rack pads, roof and door trim, and
window encapsulations
The need to innovate is virtually endless.
https://www.avient.com/sites/default/files/2021-04/avient-sustain-2019-210419-interactive.pdf
Suzhou, China 1.
Kalol, India 1.
Rancho Cucamonga, California 1.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Goldman%2520Sachs%2520Conference%2520-%2520November%25202015.pdf
Slide 1
PolyOne Corporation Page 1
PolyOne Investor Presentation
Goldman Sachs 2015 US Emerging/
SMID Cap Growth Conference
November 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.
Platform operating income mix percentage 2005* 2008* 2010* 2013 2014 2015 YTD
Global Color, Additives and Inks $ 4.3 $ 28.1 $ 37.7 $104.0 $124.9 $ 107.9
Global Specialty Engineered Materials 0.4 17.6 49.7 57.2 72.4 63.2
Designed Structures and Solutions - - - 33.4 45.1 12.0
Specialty Platform $ 4.7 $ 45.7 $ 87.4 $194.6 $242.4 $ 183.1
Performance Products and Solutions 75.7 31.3 54.0 56.0 63.1 43.9
Distribution 19.5 28.1 42.0 63.3 68.2 52.4
Joint ventures 91.9 28.6 18.9 - - —
Corporate and eliminations (51.5) (425.1) (27.7) (82.4) (218.6) (59.8)
Operating income (loss) GAAP $140.3 $(291.4) $174.6 $231.5 $155.1 $ 219.6
Less: Corporate operating expense 51.5 425.1 27.7 82.4 218.6 59.8
Operating income excluding Corporate $191.8 $133.7 $202.3 $313.9 $373.7 $ 279.4
Specialty platform operating mix percentage 2% 34% 43% 62% 65% 66%
Adjusted EPS is calculated as follows:
Adjusted EPS 2006Y* 2007Y* 2008Y* 2009Y* 2010Y 2011Y 2012Y 2013Y 2014Y
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
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
Tax adjustments(2) (30.0) (30.7) 147.2 (44.9) (88.3) (42.3) 0.5 2.2 (10.5)
Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5
Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3 89.8 96.5 93.5
Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80
2
Adjusted EPS 2011 Q3 2012 Q3 2013 Q3 2014 Q3 2015 Q3
Net income attributable to PolyOne common shareholders $ 16.0 $ 19.4 $ 23.2 $ 32.3 $ 44.5
Special items, after tax(1) 3.1 5.3 10.5 13.2 12.6
Tax adjustments(2) (0.3) 0.1 1.8 (0.1) (9.6)
Adjusted net income $ 18.8 $ 24.8 $ 35.5 $ 45.4 $ 47.5
Diluted shares 94.3 90.2 98.1 93.1 88.4
Adjusted EPS $ 0.20 $ 0.27 $ 0.36 $ 0.49 $ 0.54
* 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 and are used to determine adjusted earnings.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520BOAML%2520Basic%2520Materials%2520Conference%2520w%2520non-GAAP%252012%252011%25202014.pdf
Slide 1
PolyOne Corporation Page 1
PolyOne Investor Presentation
Bank of America Merrill Lynch
2014 US Basic Materials Conference
Boston, MA
December 11, 2014
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
-150%
-50%
50%
150%
250%
350%
450%
550%
POL S&P 500
All time high of
$43.34
July 1st, 2014
PolyOne Corporation Page 9
2006 2014 YTD 2015
“Where we were” “Where we are” Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 14.9% 12 – 16%
Global Specialty Engineered
Materials 1.1% 12.1% 12 – 16%
Designed Structures & Solutions -- 7.6% 8 – 10%
Performance Products &
Solutions 5.5% 8.1% 9 – 12%
Distribution 2.6% 6.2% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 65% 65 – 75%
3) ROIC* 5.0% 10.6% 15%
4) Adjusted EPS Growth N/A 37% 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
PolyOne Corporation Page 10
32% Adjusted EPS CAGR from 2011
2015 EPS: $2.50
2011 EPS: $0.82
Continued Gross Margin
Expansion
Mergers & Acquisitions
Spartech Accretion
Incremental Share Buybacks
Ongoing LSS Programs
(50-100 bps/yr)
Accelerated Innovation
& Mix Improvement Several Levers to
Drive Growth
Mid Single Digit Revenue Growth
PolyOne Corporation Page 11
Innovation Drives Earnings Growth
*Percentage of Specialty Platform revenue from products introduced in last five years
$20
$53
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14%
31%
2006 2013
Specialty Platform
Gross Margin %
20%
43%
2006 2013
Specialty Vitality Index Target ≥ 35%
Vitality Products
+ 700 to 1000 bps
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)
TBD TBD $800 $450 $450 $1,700
PolyOne Corporation Page 13
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 14
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of September 30, 2014
Debt Maturities & Pension Funding – 9/30/14
Net Debt / EBITDA* = 1.7x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of September 30, 2014
($ millions)
Coupon Rates: 7.500% 7.375% 5.250%
** includes US-qualified pension plans only *TTM 9/30/2014
PolyOne Corporation Page 15
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales, marketing,
and technical capabilities
Targets that expand our:
• Specialty offerings
• End market presence
• Geographic footprint
• Operating Margin
Synergy opportunities
Adjacent material solutions
Repurchased 1.5 million shares in
Q3 2014
Repurchased 9.7 million
shares since early 2013
10.3 million shares are
available for
repurchase under the
current authorization
Organic
Growth
Acquisitions
Share
Repurchases
Dividends
Investing in operational and
LSS initiatives (including
synergy capture)
Manufacturing alignment
$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
PolyOne Corporation Page 16
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 17
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
Strong past performance demonstrates that our strategy and
execution are working
Megatrends and emerging opportunities align with our strengths
Innovation and services provide differentiation, incremental pricing
power, and competitive advantage
Strong and proven management team driving growth and
performance
Addressable market exceeds $40 billion
1
Schedule I
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Below is a reconciliation of non-GAAP financial measures to the most directly comparable measures calculated and presented
in accordance with U.S.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520Jefferies%2520Conf%2520w%2520Non%2520GAAP%252008%252012%25202014.pdf
Slide 1
PolyOne Corporation Page 0
PolyOne Investor Presentation
Jefferies 2014 Global Industrials Conference
New York, NY
August 12, 2014
PolyOne Corporation Page 1
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
All time high of
$43.34
July 1st, 2014
PolyOne Corporation Page 8
2006 2014 YTD 2015
“Where we were” “Where we are” Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 15.2% 12 – 16%
Global Specialty Engineered
Materials 1.1% 11.8% 12 – 16%
Designed Structures & Solutions -- 7.1% 8 – 10%
Performance Products &
Solutions 5.5% 8.0% 9 – 12%
Distribution 2.6% 6.0% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 66% 65 – 75%
3) ROIC* 5.0% 9.9% 15%
4) Adjusted EPS Growth N/A 40% 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
(Est. in 2012)
PolyOne Corporation Page 9
Bridge to $2.50 Adjusted EPS by 2015
2015 EPS: $2.50
2013 EPS: $1.31
Continued Gross Margin
Expansion
Mergers & Acquisitions
Spartech Accretion
Incremental Share Buybacks
Ongoing LSS Programs
(50-100 bps/yr)
Accelerated Innovation
& Mix Improvement Several Levers to
Drive Growth
Mid Single Digit Revenue CAGR
PolyOne Corporation Page 10
Innovation Drives Earnings Growth
*Percentage of Specialty Platform revenue from products introduced in last five years
$20
$53
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index
Progression*
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
Specialty Vitality Index Target ≥ 35%
PolyOne Corporation Page 11
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)
TBD TBD $800 $450 $450 $1,700
*Pipeline as of May 29, 2014 as presented during our Innovation Day
PolyOne Corporation Page 12
Healthcare
Consumer
Packaging and Additive Technology
Transportation
Unique and Innovative Solutions
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
PolyOne Corporation Page 13
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 14
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of June 30, 2014
Debt Maturities & Pension Funding – 6/30/14
Net Debt / EBITDA* = 1.8x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of June 30, 2014
($ millions)
Coupon Rates: 7.500% 7.375% 5.250%
** includes US-qualified pension plans only *TTM 6/30/2014
PolyOne Corporation Page 15
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
$0.16
$0.20
$0.24
$0.32
$0.10
$0.20
$0.30
$0.40
2011 2012 2013 2014
Annual Dividend
Expanding our sales, marketing,
and technical capabilities
Targets that expand our:
• Specialty offerings
• End market presence
• Geographic footprint
• Operating Margin
Synergy opportunities
Adjacent material solutions
Repurchased 1.8 million shares in
Q2 2014
Repurchased 8.2 million
shares since early 2013
11.8 million shares are
available for
repurchase under the
current authorization
Organic
Growth
Acquisitions
Share
Repurchases
Dividends
Investing in operational and
LSS initiatives (including
synergy capture)
Manufacturing alignment
PolyOne Corporation Page 16
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 17
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
Strong past performance demonstrates that our strategy and
execution are working
Megatrends and emerging opportunities align with our strengths
Innovation and services provide differentiation, incremental pricing
power, and competitive advantage
Strong and proven management team driving growth and
performance
Addressable market exceeds $40 billion
1
Schedule I
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Below is a reconciliation of non-GAAP financial measures to the most directly comparable measures calculated and presented
in accordance with U.S.