https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
W H AT W E D O : M AT E R I A L S C I E N C E
5
CUSTOM
FORMULATION
SUSTAINABILITY FOR A BETTER TOMORROW
Revenue From Sustainable Solutions* 2016-2021
$310
205
140
80
75
45
40
20
$915M2021 Sales
($ in millions)
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
6
AVIENT ESG RATINGS
Sustainalytics 2021 ESG Risk Ranking
RANK
(1st = lowest risk)
PERCENTILE
(1st – lowest risk)
Chemicals
INDUSTRY 75/449 17
th
Specialty Chemicals
SUBINDUSTRY 21/124 17
th
ISS March 2022 ESG Scores
SCORE
(1 = Best, 10 = Worst)
Environmental 2
Social 1
Governance 4
777
F I R S T Q U A R T E R 2 0 2 2
R E S U L T S
$123
$136
2021 2022
$0.89
$0.99
2021 2022
Q1 2022 PERFORMANCE
( T O TA L C O M PA N Y )
9
$1,162
$1,294
2021 2022
+ 11%
(+ 14% excluding FX)
Adjusted EPS
+ 11%
(+ 15% excluding FX)
+ 11%
(+ 16% excluding FX)
(in millions) (in millions)
Sales Adjusted Operating Income
Q1 2022 SEGMENT PERFORMANCE
10
CAI
$609
$650
Sales
($ in millions)
SEM Distribution
$89
$95
Operating Income
+ 7%
(+ 10% excluding FX)
$363
$433
Sales
$24 $24
Operating Income
+ 19% Flat
(1)
$217
$245
Sales
$34
$40
Operating Income
+ 7%
(+ 11% excluding FX)
+ 13%
(+ 17% excluding FX)
+ 18%
(+ 20% excluding FX)
Q1 2021 $1,162 $123
Sustainable Solutions 19 8% 7
Healthcare 32 21% 6
Composites (excl.
Outdoor High Performance) 8 18% 3
Growth in Asia / LATAM 6 3% 2
Other 100 19% 5
Sub-total $1,327 14% $146
Outdoor High Performance Impact (5) (3)
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 5
Incentives, Other Employee Costs 8
FX (28) (5)
Q1 2022 $1,294 11% $136
Q1 2022 SALES AND OPERATING INCOME
( T O TA L C O M PA N Y )
11
Sales Growth Rate
Adjusted
Operating
Income$ millions
Adjusted
EBITDA
Q1 EBITDA BRIDGE
12
Price increases more than
offset raw material and
supply chain impacts
Q1 2021 $ 161
Demand (23)
$ millions
CAI:
Price / Mix 77
Inflation (54)
SEM:
Price / Mix 41
Inflation (26)
Distribution:
Price / Mix 84
Inflation (82)
Net Price Benefit 40
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 5
Incentives, Other Employee Costs 8
FX (5)
Q1 2022 $ 171
China Lockdowns / Russia Impact $ (7)
Transportation (7)
Outdoor High Performance (3)
Q1 EPS BRIDGE
13
Q1 2021 - Adjusted EPS 0.89$
CAI 0.08
Specialty Engineered Materials 0.06
Distribution 0.00
Corporate Costs 0.02
F/X (0.04)
Segment OI 0.12
Tax Rate (0.02)
Q1 2022 - Adjusted EPS 0.99$
2 0 2 2 O U T L O O K
REVENUE GROWTH DRIVERS
Growth Drivers Long-TermGrowth Rate
2022E
Growth Rate
Sustainable Solutions 8–12% 12%
Healthcare 8–10% 10%
Composites 10% 5%
Asia / LATAM 5% 5%
Other (GDP growth) 2–3% 2–3%
Avient 6.5% 6%
15
Excluding Outdoor High Performance 20%
(8% excl.
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
43
Capex / Revenue
2022E (%)
AV I E N T I S A S S E T L I G H T
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
2
3
2 2
2
3
4
3 3
5
5
7 7
8
11
A
vi
en
t
A
vi
en
t P
F
F
U
L
K
W
R
P
P
G
R
P
M
A
V
Y
F
M
C
H
U
N
H
X
L
E
C
L
E
M
N
C
E
A
S
H
S
C
L
Source: Peer data per Bloomberg market data as of April 21, 2022.
https://www.avient.com/sites/default/files/2020-10/2020-gravi-tech-processing-guide.pdf
Base Resin ABS PA PBT PC PE PEEK PP PPS
Barrel Temperatures °F (°C)
Rear Zone 400–475(200–250)
480–540
(248–282)
480–520
(250–270)
480–570
(250–300)
400–445
(200–230)
660–700
(350–475)
400–440
(200–225)
520–600
(270–300)
Center Zone 410–480(205–253)
490–550
(254–287)
485–525
(251–273)
500–580
(260–305)
410–455
(207–237)
670–710
(357–385)
410–450
(205–230)
550–610
(285–310)
Front Zone 420–490(210–257)
500–560
(260–293)
490–530
(254–276)
515–590
(267–310)
420–465
(213–243)
680–720
(363–400)
420–455
(215–235)
570–620
(300–320)
Nozzle 425–500(215–260)
510–570
(265–298)
490–540
(254–282)
530–600
(275–315)
430–475
(220–250)
700–730
(370–395)
430–460
(220–240)
610–620
(320–325)
Melt Temperature 425–515(215–270)
510–570
(265–298)
490–540
(254–282)
530–615
(275–325)
430–495
(220–260)
700–725
(370–385)
430–475
(220–250)
610–635
(320–335)
Mold Temperature 140–200(60–90)
150–300
(65–148)
140–280
(60–137)
160–240
(70–115)
80–140
(25–60)
300–400
(150–200)
80–140
(25–60)
190–300
(90–150)
Drying Parameters
190 (90)
2–4 Hours
0.01%–0.15%
180 (82)
4–5 Hours
0.10%–0.20%
275 (135)
3–4 Hours
0.02%–0.04%
250 (125)
3–4 Hours
0.02%
160 (70)
2 Hours
300 (150)
3–4 Hours
0.10%
160 (70)
2 Hours
280 (135)
2–3 Hours
0.01%–0.20%
Nozzle Type General Purpose Nylon or Reverse Taper General Purpose General Purpose General Purpose General Purpose General Purpose General Purpose
Injection Velocity1 2–5 in/sec; 50–127 mm/sec
Injection Pressure Medium to high (may range from 1,000–4,000 psi; 7-28 Mpa)
Back Pressure 50–100 psi; 0.3–0.7 Mpa
Screw Speed 25–75 RPM
Cushion 0.125–0.250 in; 3–6 mm
Screw Compression Ratio2 2.0:1–2.5:1
Processing Guide 3
Base Resin ABS PA PBT PC PE PEEK PP PPS
Barrel Temperatures °F (°C)
Rear Zone 400–475(200–250)
480–540
(248–282)
480–520
(250–270)
480–570
(250–300)
400–445
(200–230)
660–700
(350–475)
400–440
(200–225)
520–600
(270–300)
Center Zone 410–480(205–253)
490–550
(254–287)
485–525
(251–273)
500–580
(260–305)
410–455
(207–237)
670–710
(357–385)
410–450
(205–230)
550–610
(285–310)
Front Zone 420–490(210–257)
500–560
(260–293)
490–530
(254–276)
515–590
(267–310)
420–465
(213–243)
680–720
(363–400)
420–455
(215–235)
570–620
(300–320)
Nozzle 425–500(215–260)
510–570
(265–298)
490–540
(254–282)
530–600
(275–315)
430–475
(220–250)
700–730
(370–395)
430–460
(220–240)
610–620
(320–325)
Melt Temperature 425–515(215–270)
510–570
(265–298)
490–540
(254–282)
530–615
(275–325)
430–495
(220–260)
700–725
(370–385)
430–475
(220–250)
610–635
(320–335)
Mold Temperature 140–200(60–90)
150–300
(65–148)
140–280
(60–137)
160–240
(70–115)
80–140
(25–60)
300–400
(150–200)
80–140
(25–60)
190–300
(90–150)
Drying Parameters
190 (90)
2–4 Hours
0.01%–0.15%
180 (82)
4–5 Hours
0.10%–0.20%
275 (135)
3–4 Hours
0.02%–0.04%
250 (125)
3–4 Hours
0.02%
160 (70)
2 Hours
300 (150)
3–4 Hours
0.10%
160 (70)
2 Hours
280 (135)
2–3 Hours
0.01%–0.20%
Nozzle Type General Purpose Nylon or Reverse Taper General Purpose General Purpose General Purpose General Purpose General Purpose General Purpose
Injection Velocity1 2–5 in/sec; 50–127 mm/sec
Injection Pressure Medium to high (may range from 1,000–4,000 psi; 7-28 Mpa)
Back Pressure 50–100 psi; 0.3–0.7 Mpa
Screw Speed 25–75 RPM
Cushion 0.125–0.250 in; 3–6 mm
Screw Compression Ratio2 2.0:1–2.5:1
Comments
1.
PC Compounds: 0.001"–0.002" depth and 0.250" width
PC/PSU Compounds: 0.002"–0.003" depth and 0.250" width
PES Compounds: 0.003"–0.004” depth and 0.250" width
PEI Compounds: 0.001"–0.003” depth and 0.250" width
PP Compounds: 0.001"–0.002” depth and 0.250" width
ABS Compounds: 0.0015"–0.0025” depth and 0.250" width
PEEK Compounds: 0.002"–0.004” depth and 0.250" width
Nylon Compounds: 0.002" min. depth and 0.250" width
Increase vent depth to 1.0mm (0.040") at 4.0mm (0.250") away
from the cavity and vent to atmosphere.
https://www.avient.com/sites/default/files/resources/Novel_Thermoplastic_Elastomers_with_Universal_Bonding_Characteristics.pdf
The substrates materials
employed for overmolding were PP, ABS, PC/ABS, polyester, Nylon and POM.
Compared to other substrates, Nylon and polyacetal, i.e., POM,
appear to be difficult to bond.
Adhesion value of TPE-2 on different substrates
TPE-2A TPE-2B
Substrate
Peel Strength
(N/mm) Failure Type
Peel Strength
(N/mm)
Failure Type
PP 4.9 Adhesive 3.6 Adhesive
PET 1.2 Adhesive 3.9 Adhesive
PC/ABS 3.3 Adhesive 4.0 Adhesive
ABS - Adhesive 4.3 Adhesive
Nylon 1.2 Adhesive 2.7 Adhesive
POM 1.1 Adhesive 1.9 Adhesive
6
Figure 3.
https://www.avient.com/sites/default/files/resources/TPE_Overmolding_Solutions_for_Engineering_Thermoplastics.pdf
TPE suppliers have responded developing a variety of compounds
with the attributes to bond to several engineering plastics such as nylon (PA),
polycarbonate (PC), Acrylonitrile-butadiene-styrene (ABS), and PC/ABS alloys
This paper elaborates different TPE technologies developed to bond to various
rigid substrates i.e.
Nylon (PA), Polycarbonate (PC), Acrylonitrile-butadiene-
styrene (ABS), and PC/ABS alloys
Introduction
A wide variety of thermoplastic materials are used to make molded products.
The focus for this study was to develop thermoplastic elastomer compounds that
would overmold onto substrates made from Nylon (PA), Polycarbonate (PC),
Acrylonitrile-butadiene-styrene (ABS), and PC/ABS alloys.
https://www.avient.com/investor-center/news/tough-enough-protect-power-grid-southern-states-llc-selects-glasarmor-panels-polyone
1http://www.ferc.gov/media/news-releases/2014/2014-4/11-20-14-E-4.asp#.Vuwyv3bmqUk
https://www.avient.com/news/avient-announces-new-sustainable-technology-packaging-showcases-award-finalist-entries-prse-2023
Avient will exhibit in booth C41 at PRSE 2023 in Amsterdam, Netherlands, from May 10-11, 2023.
https://www.avient.com/news/polyone-develops-new-silicone-alternative-tpe-medical-tubing
To learn more about solving your medical device and healthcare application challenges, visit the PolyOne team at MD&M West in Anaheim Feb. 11-13 in Booth #2201.
https://www.avient.com/news/beyond-acrylic-new-resilience-ls-materials-polyone-boost-led-lens-performance
May 11, 2018
https://www.avient.com/news/polyone-launches-neu-view-technology-radiopaque-translucent-catheters
February 11, 2014
https://www.avient.com/news/polyone-features-more-materials-approach-medical-devices-mdm-west-2020
PolyOne is exhibiting in booth 2201 at MD&M West in Anaheim, California from February 11-13, 2020.