https://www.avient.com/sites/default/files/2020-08/stan-tone-wdn-product-bulletin.pdf
%
Solids
Color
Index
pH
Typical
Weight
Lbs/Gal
WHITE
10WDN03
Titanium Dioxide,
Rutile
60 73 PW-6 9 16.7
YELLOW
12WDN01 Diarylide AAOT GS 35 43 PY-14 8.8 9.4
12WDN02 Diarylide HR RS 37 44 PY-83 8.8 9.6
12WDN03 Arylide GY RS 38 45 PY-74 8.8 9.2
81WDN01 Iron Oxide 55 63 PY-42 8.8 14.5
ORANGE
15WDN01 Pryazolone YS 40 45 PO-13 8.8 9.2
15WDN03 Dianisidine RS 35 37 PO-16 8.8 9.2
15WDN06 DNA Orange RS 31 43 PO-5 8.8 9.7
RED
22WDN01 Lithol Rubine BS 33 40 PR-57 8.8 9.8
21WDN01 Naphthol BS 35 43 N/A 8.8 9.5
25WDN01 Red 2B, Ca BS 34 41 PR-48:2 8.8 9.6
28WDN01 Red 2B, Ba YS 36 44 PR-48:1 8.8 9.5
82WDN02 Iron Oxide 57 66 PR-101 8.8 16
BLUE
40WDN01 Phthalocyanine RS 35 46 PB-15 8.8 9.7
40WDN03 Phthalocyanine GS 38 43 PB-15:3 8.8 9.8
GREEN
WDN-27822 Phthalocyanine BS 42 53 PG-7 8.8 10.5
VIOLET/MAGENTA
24WDN02 Carbazole 35 48 PV-23 8.8 9.6
24WDN03 Quinacridone 31 39 PV-19 8.8 9.6
24WDN05 Quinacridone 30 41 PR-122 8.8 10
BLACK
90WDN01 Carbon Black 45 49 PB-7 8.8 9.3
WDN
RS = Red Shade YS = Yellow Shade BS = Blue Shade GS = Green Shade HR = Heat-Resistant
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-03/polyone-2019-annual-report.pdf
Total water use
decreased 23%, and waste generated decreased 19%.
Our goal is to
implement procurement practices over the next
three years that will eliminate 45,000 metric tons of
Scope 2 carbon dioxide emissions annually.
23%
Total Water Use
REDUCTION
Total Waste Generation
19%
REDUCTION
60%
Total Waste
RECYCLED OR
BENEFICIALLY REUSED
0
ZERO
Reportable Releases
IN EXCESS OF PERMITTED LEVEL
TO THE ENVIRONMENT SINCE 2013
74424.indd main_11 3/16/20 12:25 PM
Annual Report | 2019 12
Photos: PolyOne Associates in Åland, Finland (top) and
Bangkok, Thailand (bottom) participate in local waste
clean up events to help protect the planet and improve
lives in the communities where we do business.
LEADERSHIP
2020
2
0
%
B Y 2 0 2
0
W
O
M
E N O N B O
A R
D
S
Corporate Off icers as of December 31, 2019
74424.indd 18 3/16/20 12:26 PM
POLYONE.COM
Challenge Accepted.
74424.indd 19 3/16/20 12:26 PM
https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
GUIDANCE
( T O TA L C O M PA N Y )
11
14.8%
15.8%
Guidance Actual
Adjusted EBITDA Margin %
Better-than-expected margins
driven by:
• Resilient demand for
composites and sustainable
solutions which improved
mix of higher margin
applications
• Deceleration of raw material
inflation
• Cost reduction activities
Q1 EBITDA BRIDGE
( T O TA L C O M PA N Y )
12
$ millions
CAI:
Price / Mix 19)
Inflation (4)
SEM:
Price / Mix 6)
Inflation (4)
Net Price Benefit 17)
Wage and Energy Inflation (13)
Cost Reductions 8)
FX (6)
Q1 2023 Actual $134)
Adjusted
EBITDA
Q1 2022 Pro Forma $ 176)
Demand (48) • Weak demand
conditions in-line
with previous
expectations
• Pricing continues to
cover inflation of raw
materials, wages
and energy
U.S. & Canada
40%
EMEA
38%
Asia
17%
Latin America
5%
Q1 2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
18%
Packaging
23%
Healthcare
7%
Industrial
16%
Building and
Construction
10%
Defense
6%Telecommunications
4%
Energy
5%
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $846M and $134M, respectively, include intercompany sales eliminations and corporate costs
$537M $91M
$310M $64M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$134M$846M
(1)
13
Transportation
11%
Q1 2 023 SA LES BY R EGI ON
Y o Y C H A N G E ( E X C L .
vehicles to be 100% electric by 2032
Where Avient Wins:
Lightweight panels that establish both
strength and stiffness resulting in
decreased energy usage, lower emissions
Long-lasting Color applications to resist
UV exposure, temperature fluctuations
and exceed the stylistic requirements of
global automakers
18
$130
$530
Q2 FY
$0.60
$2.40
Q2 FY
2023 GUIDANCE
19
Sales Adjusted EBITDA
$845
$3,400
Q2 FY
Adjusted EPS
(in millions) (in millions)
CA SH FLOW / LEV ER AGE
20
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
LONG-TERM REVENUE GROWTH DRI VERS
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
21
Sustainable
Solutions
32%
Asia / LATAM
15%
Composites
8%
Healthcare
6%
Other (GDP
Growth)
39%
• Virtual presentation to be held
September 20, 2023
• The company will be
conducting an investor-focused
presentation around our
sustainability solutions portfolio
Avient Confidential 22
SUSTAINABILITY
INVESTOR DAY
22
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTA INAB ILITY F OR A BETTER TOMOR ROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
23
*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
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
$1,175M
Lightweighting
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Bio-polymers
SUSTA INAB ILITY NEEDS BY M ARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
Healthcare
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
Consumer
• Recycle Solutions
• Light weighting
• Carbon Footprint
Packaging
• Recycle Solutions
• Light weighting
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
24
I NV ESTI NG
I N INNOVATI ON
S U S T A I N A B I L I T Y P O R T F O L I O
25
A P P E N D I X
28
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
16%
Pigments
12%
TiO2
10%
Dyestuffs
2%
Polyethylene
11%
Nylon
6%
Polypropylene
5%
Styrenic Block
Copolymer
5%
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
• Cost inflation
decelerating,
particularly for
hydrocarbon-based
raw materials
2022 pro forma results for the acquisition of Avient Protective Materials
SEGMENT DATA
U.S. & Canada
40%
EMEA
37%
Asia
18%
Latin America
5%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
20%
Packaging
24%
Industrial
15%
Building and
Construction
10%
Telecommunications
4%
Energy
4%
Defense
6%
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
Transportation
9%
Healthcare
8%
30
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
C O L O R , A D D I T I V E S & I N K S
2 0 2 2 R E V E N U E | $ 2 . 4 B I L L I O N
US & Canada
34%
EMEA
38%
Asia
20%
Latin America
8%
END MARKET REGION
31
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
2 0 2 2 P R O F O R M A R E V E N U E | $ 1 . 3 B I L L I O N
END MARKET
US & Canada
52%
EMEA
35%
Asia
13%
REGION
32
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9% Defense
15%
Building &
Construction
8%
Packaging
32%
Consumer
27%
Healthcare
8%
Industrial
14%
Building &
Construction
5%
Telecommunications
3%
Energy
1% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 2 P R O F O R M A AV I E N T R E G I O N A L S A L E S
B Y E N D M A R K E T
Packaging
27%
Consumer
14%
Healthcare
5%
Industrial
17%
Building &
Construction
10%
Energy
5%
Defense
8%
EMEA
(37% of sales)Transportation
11%
Packaging
13%
Consumer
24%
Healthcare
12%
Industrial
15%
Building &
Construction
13%
Energy
5%
Defense
5%
US &
Canada
(40% of sales)
Transportation
7%
Packaging
56%
Consumer
23%
Healthcare
4%
Industrial
7%
Building &
Construction
4%
Telecommunications
1%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
3%
Telecommunications
6%
33
PEER COMPARISONS
AV I E N T I S A S SE T L I G H T
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of April 28, 2023
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
35
3
2
3
3
4 4
3
3
5 5
5
6
7
9
A
vi
e
n
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
C
E
E
C
L
A
S
H
E
M
N
S
C
L
F R E E C A S H F LOW C O N V E R S I O N
Source: Peer data per Bloomberg as of April 28, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/sites/default/files/resources/11.30.18%2520Investor%2520Presentation%2520V1.pdf
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
YTD
PolyOne Corporation 6
P O L Y O N E
2 0 1 7 R E V E N U E | $ 3 . 2 B I L L I O N
Transportation
18%
Industrial
16%
Consumer
12%
Packaging
11%
Healthcare
11%
Wire & Cable
9%
Appliance
5%
United States
59%
Europe
14%
Asia
10%
Latin
America
9%
Canada
8%
PolyOne
Distribution
34%
Performance Products &
Solutions 21%
Specialty
Engineered
Materials
19%
Color
Additives &
Inks 26%
Segment End Market Geography
Building &
Construction
12%
Electrical &
Electronics
6%
2009 2010 2011 2012 2013 2014 2015 2016* 2017*
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
8
$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 2017
“Where we were” “Where we are”
ROIC** 5.0% 14.0%
Operating Income
% of Sales
Color, Additives & Inks 1.7% 15.5%
Specialty Engineered
Materials 1.1% 12.1%
Performance Products
& Solutions 4.3% 10.7%
Distribution 2.6% 6.3%
**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 6-8% annually
Double acquired
company margins
Enhance efficiencies
through Lean Six Sigma
and commercial excellence
531
711
130
158
504
656
2014 Q3 2018
R&D / Technical Marketing Sales
PolyOne Corporation 9
Increased commercial headcount
+ 34%
+ 22%
+ 30%
Generating opportunities
35% more sales calls
25% more marketing campaigns
1,000 new customers, expanding
customer base by 5%
$1.0B increase in new opportunities
Enhancing efficiency
8% reduction of average territory
size, enabling greater
customer focus
20% more prospecting calls
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
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
80% increase in leads (from 6,000 to 11,000) 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
21
2014 2017
Inside sellers
$11M
$88M
2014 2017
Inside sales/digital revenue
N E W R E S O U R C E S F U E L I N G T H E F U T U R E
PolyOne Corporation 12
P O L Y O N E
S A L E S
F U N N E L
+34%
2014
$3.0 billion
2017
$4.0 billion
A L I G N I N G W I T H T R E N D S F O R G R O W T H
T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R
PolyOne Corporation 13
Facilitate
alternative
energy
solutions
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
I N N O V A T I O N
PolyOne Corporation 14
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Innovation comes from Research & Development Spend
($ millions)
Vitality Index
% of sales from products launched last 5 years
12%
38%
2006 2017
$20
$52
2006 2017
Transformational
Opportunity for Growth
Through M&A
Adjacent
Opportunity for
Growth Through New
Product Pipeline
Core
Customization
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 15
Incremental
development
from existing
base of
technology
New development
adjacent to current
technology
New technology
development
outside of and with
our current base
Service adjacent
markets and
customers
Create new
markets, target
new customer
needs
Service existing
markets and
customers
Market
Technical
I N N O V A T I O N
Non-Halogen Flame
Retardants
Barrier Technologies
Fiber Colorants
Advanced Composites
Thermoplastic Elastomers
Gordon Composites/
Polystrand – Composites
GLS – Thermoplastic Elastomers
ColorMatrix – Liquid Color
& Additives
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 16
PrototypeFrame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
(since 2015)
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
8
5
6
2 1
15 4
10
5
11
4
5
7
Breakthrough
Platform
Derivative
Number of Projects 26 16 20 15 2 79
Total Addressable Market
($ millions)
- - $1,230 $1,170 $440 $2,840
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 17
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 18
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 19
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 20
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
PolyOne Corporation 21
Safety Technology Geography Service FinancialPeople
Low EH&S
risk profile
New and
complementary
technologies
Leverage our
global footprint
Strong
customer
relationships
Foundational
operating
margins of
8-10% with
ability to double
Motivated team
with a specialty
culture
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 22
Capture
sourcing
synergies
Cross-sell
& blend
technology
8-10%
operating
margins
I N V E S T - T O - G R O W M & A P L A Y B O O K
Protect
customers
Retain
employees
Implement LSS to
drive efficiency
improvements
Innovate with
combined
portfolio
Safety
First!
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
Growing leadership position in attractive markets
Innovation, technology and service are differentiators
Capital management is a strength: Record-setting cash generation
to continue for years
Expand ROIC while increasing invested capital
Proven acquisition strategy with robust pipeline
Commercial investments are fueling momentum and generating
organic growth
S E R V I C E :
T H E T I M E L E S S
D I F F E R E N T I A T O R
PolyOne Corporation 29
T A L E N T D E V E L O P M E N T
PolyOne Corporation 30
Leadership Program Participants
2012
2013
2014
2015
47
0
86
2016
2018
125
169
315
Campus Hires
2008
2011
2014
2017
0
25
90
47
PolyOne LSS Blackbelts
2008
2011
2014
2018
0
67
220
147
2018 141
A U N I Q U E C U S T O M E R E X P E R I E N C E
Industrial
Design
I Q D E S I G N L A B S
PolyOne Corporation 31
Material
& Color
Expertise
Manufacturing
Expertise
3
14
2014 2017
Industrial designers
$0
$7M
2014 2017
$4M
$40M
2014 2017
Opportunity funnel New business revenue
L S S C U S T O M E R F I R S T
PolyOne Corporation 32
Customer Projects
Enables sales growth by building more intimate
customer relationships, giving us insight to customers’
needs, with a service that is not easily replicated
2014 2017
2 85
3 D P R I N T I N G
B R I N G I N G N E W I D E A S T O L I F E
PolyOne Corporation 33
Enables validation of fit and function
Shortens design cycle and time to market
Avoids tooling rework
Drives innovation
Delivers substantial customer value
PolyOne Corporation 34
From concept to production
M O N T H M O N T H
M O N T H M O N T H
M O N T H M O N T H
99.9%
Reduction in
turnaround time
Traditional Timeline
up to 24 weeks
PolyOne ColorMatrix
Select™
6 hours
Innovative system for processors and OEMs to develop colors in real time
Complete system that provides customers with the freedom to match,
prototype and produce color entirely within their own facility
C O L O R M A T R I X S E L E C T ™
“Being able to create color and produce parts in 1 day is unheard of in this industry”
-CEO, Industry Leader
I N N O V A T I N G W I T H P O L Y O N E
PolyOne Corporation 35
S E G M E N T H I G H L I G H T S
C O L O R , A D D I T I V E S & I N K S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 36
Solid
Colorants
Performance
Additives
Screen
Printing Inks
Liquid
Colorants
Packaging
27%
Industrial
14%
Textiles
12%
Building &
Construction
10%
Wire & Cable
10%Transportation
8%
Consumer
7%
Healthcare
6%
Electrical &
Electronics
3%
Appliance
3%
Operating Income & MarginRevenue by Region
C O L O R , A D D I T I V E S & I N K S
2 0 1 7 R E V E N U E | $ 8 9 3 M I L L I O N
$4
$25
$104
$139
0.9%
5.5%
12.2%
15.5%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20
30
40
50
60
70
80
90
100
110
120
130
140
150
2005 2009 2013 2017
PolyOne Corporation 37
Europe
32%
United
States
46%
Asia
15%
Canada
1%
Mexico
4%
Brazil
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 38
Engineered
Formulations
Advanced
Composites
Thermoplastic
Elastomers
Consumer
20%
Transportation
19%
Wire & Cable
13%
Healthcare
11%
Industrial
8%
Packaging
7%
Appliance
4%
Building &
Construction
3%
Electrical &
Electronics
15%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
Revenue by Region Operating Income & Margin
2 0 1 7 R E V E N U E | $ 6 2 4 M I L L I O N
PolyOne Corporation 39
$21
$57
$76
0.1%
5.1%
9.3%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
20
30
40
50
60
70
80
2005 2009 2013 2017
Europe
28%
United
States
48%
Asia
22%
Canada
2%
12.1%
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 40
Specialty Vinyl
Solutions
Healthcare
Formulations
Smart Device
Materials
Flame Retardant
Polymers
Building &
Construction
30%
Industrial
18%
Transportation
16%
Wire & Cable
15%
Appliance
7%
Packaging
5%
Consumer
5%
Electrical &
Electronics
3%
Healthcare
1%
Asia
2%
United
States
77%
Mexico
5%
Canada
16%
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
Operating Income & MarginRevenue by Region
2 0 1 7 R E V E N U E | $ 7 2 1 M I L L I O N
$40
$24
$56
$77
4.6%
3.6%
7.2%
10.7%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
0
10
20
30
40
50
60
70
80
90
100
2005 2009 2013 2017
PolyOne Corporation 41
$886 $668 $773 $721Sales
D I S T R I B U T I O N
E N D M A R K E T S & S U P P L I E R S
PolyOne Corporation 42
Transportation
23%
Healthcare
22%
Industrial
18%
Consumer
15%
Appliance
7%
Electrical &
Electronics
6%
Building &
Construction
4%
Packaging
3%
Wire & Cable
2%
$20
$25
$63
$73
2.9%
4.0%
5.9%
6.3%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
15
25
35
45
55
65
75
2005 2009 2013 2017
Operating Income & Margin2017 Revenue | $1.2 Billion
http://www.polyone.com/Pages/VariationRoot.aspx
T A R G E T E N D M A R K E T S &
A P P L I C A T I O N E X A M P L E S
PolyOne Corporation 43
Thermally Conductive
Technologies
Chemical Resistant
Technologies
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composites
Antimicrobial Technologies
Anti-Counterfeiting
Technologies
Target End Markets… Healthcare
Catheter Technologies
Under-hood Components
Target End Markets… Automotive
Interior Structural
Components
Sound & Vibration
Management
Roof Systems
Air Management
Electronics and Cameras
Lighting
Exterior / Interior Trim
Braces & Brackets
Fasteners
Seals & Flaps
Target End Markets… Consumer
Thermally Conductive
Components
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composite
Components
Oxygen Scavenger
Technologies
Laser Marking Additives
Antistatic Technologies
UV Light Barrier Technologies
Cap & Closure Colorants
Process Optimization
Technologies
Antioxidant Technologies
Density Modified
Technologies
Target End Markets… Packaging
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
Luxury Packaging
GravitechTM Density Modified Polymers
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
OnColorTM Super Concentrates
Inhibit microbial growth on
polymer surfaces
Enhance value or products
and devices
Highly versatile
concentrate with the
ability to be incorporated
into a wide variety of
products
Combat Bacteria Formation
WithStandTM Antimicrobial Technology
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
Medical Device Housings
Chemically Resistant Engineered Polymers
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
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
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
Fiber Colorants
High flame retardancy to
meet strict UL standards
Greater processing and
design flexibility
Specialized additives
provide long term color
stability
Diffusive lens materials
improve light dispersion
Smart Home Devices
ResilienceTM Vinyl Solutions
PolyOne investor presentation
Forward Looking Statements
USE OF �NON-GAAP�MEASURES
Vision
Safety First
PolyOne�2017 Revenue | $3.2 billion
Proof of Performance
Sustainable Path to Double-Digit EPS Growth
Investment in Commercial Resources driving growth
The Evolving Customer Relationship
Slide Number 11
New Resources Fueling the Future
Aligning with trends for Growth
Innovation
3 Horizons of Development
Innovation Pipeline
Innovation Spotlight: Composites
Composites Refresher
Strategic Investment History
COMPOSITES in Transportation
Invest-to-Grow M&A Strategy
Invest-to-Grow M&A Playbook
Invest-to-Grow Proof of performance
Invest-to-Grow Driving the future
Strong Pipeline�driven by fragmented Market
Returning cash to shareholders�Over $1 Billion since 2011
ROIC drives shareholder return
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Jefferies%2520Conference%2520-%25208%253A7%253A2018.pdf
Investor Day
P O L Y O N E
I N V E S T O R
P R E S E N T A T I O N
A U G U S T 2 0 1 8
F O R W A R D L O O K I N G S T A T E M E N T S
PolyOne Corporation 2
•
•
•
•
•
•
•
•
•
U S E O F
N O N - G A A P
M E A S U R E S
PolyOne Corporation 3
•
•
•
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
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
0.57
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
YTD
Injuries per 100 Workers
Spartech
Acquisition
PolyOne Corporation 6
P O L Y O N E
2 0 1 7 R E V E N U E | $ 3 . 2 B I L L I O N
Transportation
18%
Industrial
16%
Consumer
12%
Packaging
11%
Healthcare
11%
Wire & Cable
9%
Appliance
5%
United States
59%
Europe
14%
Asia
10%
Latin
America
9%
Canada
8%
PolyOne
Distribution
34%
Performance Products &
Solutions 21%
Specialty
Engineered
Materials
19%
Color
Additives &
Inks 26%
Segment End Market Geography
Building &
Construction
12%
Electrical &
Electronics
6%
2009 2010 2011 2012 2013 2014 2015 2016* 2017*
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
8
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
2006 2017
“Where we were” “Where we are”
ROIC** 5.0% 14.0%
Operating Income
% of Sales
Color, Additives & Inks 1.7% 15.5%
Specialty Engineered
Materials
1.1% 12.1%
Performance Products
& Solutions
4.3% 10.7%
Distribution 2.6% 6.3%
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
strategic acquisitions
Innovate
600K-1M
commercial
resources 6-8%
Double acquired
margins
Lean Six Sigma
commercial excellence
531
689130
157
504
633
2014 Q2 2018
R&D / Technical Marketing Sales
PolyOne Corporation 9
Increased commercial headcount
+ 28%
+ 18%
+ 23%
Generating opportunities
35%
25%
1,000
$1.0B
Enhancing efficiency
8%
20%
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
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
80% increase in leads (from 6,000 to 11,000) 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
21
2014 2017
Inside sellers
$11M
$88M
2014 2017
Inside sales/digital revenue
N E W R E S O U R C E S F U E L I N G T H E F U T U R E
PolyOne Corporation 12
P O L Y O N E
S A L E S
F U N N E L
+34%
2014
$3.0 billion
2017
$4.0 billion
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 13
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 14
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Innovation comes from Research & Development Spend
Vitality Index
12%
38%
2006 2017
$20
$52
2006 2017
Transformational
Adjacent
Core
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 15
Market
Technical
I N N O V A T I O N
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 16
PrototypeFrame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
(since 2015)
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
8
5
6
2 1
15 4
10
5
11
4
5
7
Breakthrough
Platform
Derivative
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 17
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 18
Fiber
Polymer
Composite
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
Thermoplastic Composites
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2012 2015 20162009 2011 2018
PolyOne Corporation 19
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 20
W A T E R C R A F TR A I L H E A V Y T R U C K
PolyOne Corporation 21
Safety Technology Geography Service FinancialPeople
8-10% with
ability to double
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 22
Capture
sourcing
synergies
Cross-sell
& blend
technology
8-10%
operating
margins
I N V E S T - T O - G R O W M & A P L A Y B O O K
Protect
customers
Retain
employees
Implement LSS to
drive efficiency
improvements
Innovate with
combined
portfolio
Safety
First!
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
S E R V I C E :
T H E T I M E L E S S
D I F F E R E N T I A T O R
PolyOne Corporation 29
T A L E N T D E V E L O P M E N T
PolyOne Corporation 30
Leadership Program Participants
2012
2013
2014
2015
47
0
86
2016
2018
125
169
315
Campus Hires
2008
2011
2014
2017
0
25
90
47
PolyOne LSS Blackbelts
2008
2011
2014
2018
0
67
220
147
2018 141
A U N I Q U E C U S T O M E R E X P E R I E N C E
Industrial
Design
I Q D E S I G N L A B S
PolyOne Corporation 31
Material
& Color
Expertise
Manufacturing
Expertise
3
14
2014 2017
Industrial designers
$0
$7M
2014 2017
$4M
$40M
2014 2017
Opportunity funnel New business revenue
L S S C U S T O M E R F I R S T
PolyOne Corporation 32
Customer Projects
2014 2017
2 85
3 D P R I N T I N G
B R I N G I N G N E W I D E A S T O L I F E
PolyOne Corporation 33
PolyOne Corporation 34
M O N T H M O N T H
M O N T H M O N T H
M O N T H M O N T H
99.9%
up to 24 weeks
6 hours
C O L O R M A T R I X S E L E C T ™
I N N O V A T I N G W I T H P O L Y O N E
PolyOne Corporation 35
S E G M E N T H I G H L I G H T S
C O L O R , A D D I T I V E S & I N K S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 36
Solid
Colorants
Performance
Additives
Screen
Printing Inks
Liquid
Colorants
Packaging
27%
Industrial
14%
Textiles
12%
Building &
Construction
10%
Wire & Cable
10%Transportation
8%
Consumer
7%
Healthcare
6%
Electrical &
Electronics
3%
Appliance
3%
Operating Income & MarginRevenue by Region
C O L O R , A D D I T I V E S & I N K S
2 0 1 7 R E V E N U E | $ 8 9 3 M I L L I O N
$4
$25
$104
$139
0.9%
5.5%
12.2%
15.5%
2005 2009 2013 2017
PolyOne Corporation 37
Europe
32%
United
States
46%
Asia
15%
Canada
1%
Mexico
4%
Brazil
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 38
Engineered
Formulations
Advanced
Composites
Thermoplastic
Elastomers
Consumer
20%
Transportation
19%
Wire & Cable
13%
Healthcare
11%
Industrial
8%
Packaging
7%
Appliance
4%
Building &
Construction
3%
Electrical &
Electronics
15%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
Revenue by Region Operating Income & Margin
2 0 1 7 R E V E N U E | $ 6 2 4 M I L L I O N
PolyOne Corporation 39
$21
$57
$76
0.1%
5.1%
9.3%
2005 2009 2013 2017
Europe
28%
United
States
48%
Asia
22%
Canada
2%
12.1%
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 40
Specialty Vinyl
Solutions
Healthcare
Formulations
Smart Device
Materials
Flame Retardant
Polymers
Building &
Construction
30%
Industrial
18%
Transportation
16%
Wire & Cable
15%
Appliance
7%
Packaging
5%
Consumer
5%
Electrical &
Electronics
3%
Healthcare
1%
Asia
2%
United
States
77%
Mexico
5%
Canada
16%
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
Operating Income & MarginRevenue by Region
2 0 1 7 R E V E N U E | $ 7 2 1 M I L L I O N
$40
$33
$56
$77
4.6%
3.6%
7.2%
10.7%
2005 2009 2013 2017
PolyOne Corporation 41
$886 $668 $773 $721Sales
D I S T R I B U T I O N
E N D M A R K E T S & S U P P L I E R S
PolyOne Corporation 42
Transportation
23%
Healthcare
22%
Industrial
18%
Consumer
15%
Appliance
7%
Electrical &
Electronics
6%
Building &
Construction
4%
Packaging
3%
Wire & Cable
2%
$20
$25
$63
$73
2.9%
4.0%
5.9%
6.3%
2005 2009 2013 2017
Operating Income & Margin2017 Revenue | $1.2 Billion
http://www.polyone.com/Pages/VariationRoot.aspx
T A R G E T E N D M A R K E T S &
A P P L I C A T I O N E X A M P L E S
PolyOne Corporation 43
Thermally Conductive
Technologies
Chemical Resistant
Technologies
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composites
Antimicrobial Technologies
Anti-Counterfeiting
Technologies
Target End Markets… Healthcare
Catheter Technologies
Under-hood Components
Target End Markets… Automotive
Interior Structural
Components
Sound & Vibration
Management
Roof Systems
Air Management
Electronics and Cameras
Lighting
Exterior / Interior Trim
Braces & Brackets
Fasteners
Seals & Flaps
Target End Markets… Consumer
Thermally Conductive
Components
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composite
Components
Oxygen Scavenger
Technologies
Laser Marking Additives
Antistatic Technologies
UV Light Barrier Technologies
Cap & Closure Colorants
Process Optimization
Technologies
Antioxidant Technologies
Density Modified
Technologies
Target End Markets… Packaging
Luxury Packaging
GravitechTM Density Modified Polymers
Optimize Color Usage
OnColorTM Super Concentrates
Combat Bacteria Formation
WithStandTM Antimicrobial Technology
Medical Device Housings
Chemically Resistant Engineered Polymers
Color & Design Services
Outdoor Applications
Fiber Colorants
Smart Home Devices
ResilienceTM Vinyl Solutions
�
� �������� � � ��
�
� �� �
��
��� ����� ��
� ��� ������ ��
��� ���
�� ��� ��� !"
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
GUIDANCE
( T O TA L C O M PA N Y )
7
14.8%
15.8%
Guidance Actual
Adjusted EBITDA Margin %
Better-than-expected margins
driven by:
• Resilient demand for
composites and sustainable
solutions which improved
mix of higher margin
applications
• Deceleration of raw material
inflation
• Cost reduction activities
Q1 EBITDA BRIDGE
( T O TA L C O M PA N Y )
8
$ millions
CAI:
Price / Mix 19)
Inflation (4)
SEM:
Price / Mix 6)
Inflation (4)
Net Price Benefit 17)
Wage and Energy Inflation (13)
Cost Reductions 8)
FX (6)
Q1 2023 Actual $134)
Adjusted
EBITDA
Q1 2022 Pro Forma $ 176)
Demand (48) • Weak demand
conditions in-line
with previous
expectations
• Pricing continues to
cover inflation of raw
materials, wages
and energy
U.S. & Canada
40%
EMEA
38%
Asia
17%
Latin America
5%
Q1 2023 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
18%
Packaging
23%
Healthcare
7%
Industrial
16%
Building and
Construction
10%
Defense
6%Telecommunications
4%
Energy
5%
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $846M and $134M, respectively, include intercompany sales eliminations and corporate costs
$537M $91M
$310M $64M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$134M$846M
(1)
9
Transportation
11%
Q1 2 023 SA LES BY R EGI ON
Y o Y C H A N G E ( E X C L .
vehicles to be 100% electric by 2032
Where Avient Wins:
Lightweight panels that establish both
strength and stiffness resulting in
decreased energy usage, lower emissions
Long-lasting Color applications to resist
UV exposure, temperature fluctuations
and exceed the stylistic requirements of
global automakers
14
$130
$530
Q2 FY
$0.60
$2.40
Q2 FY
2023 GUIDANCE
15
Sales Adjusted EBITDA
$845
$3,400
Q2 FY
Adjusted EPS
(in millions) (in millions)
CA SH FLOW / LEV ER AGE
16
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
LONG-TERM REVENUE GROWTH DRI VERS
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
17
Sustainable
Solutions
32%
Asia / LATAM
15%
Composites
8%
Healthcare
6%
Other (GDP
Growth)
39%
• Virtual presentation to be held
September 20, 2023
• The company will be
conducting an investor-focused
presentation around our
sustainability solutions portfolio
Avient Confidential 18
SUSTAINABILITY
INVESTOR DAY
18
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTA INAB ILITY F OR A BETTER TOMOR ROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
19
*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
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
$1,175M
Lightweighting
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Bio-polymers
SUSTA INAB ILITY NEEDS BY M ARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
Healthcare
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
Consumer
• Recycle Solutions
• Light weighting
• Carbon Footprint
Packaging
• Recycle Solutions
• Light weighting
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
20
I NV ESTI NG
I N INNOVATI ON
S U S T A I N A B I L I T Y P O R T F O L I O
21
A P P E N D I X
24
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
16%
Pigments
12%
TiO2
10%
Dyestuffs
2%
Polyethylene
11%
Nylon
6%
Polypropylene
5%
Styrenic Block
Copolymer
5%
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
• Cost inflation
decelerating,
particularly for
hydrocarbon-based
raw materials
2022 pro forma results for the acquisition of Avient Protective Materials
SEGMENT DATA
U.S. & Canada
40%
EMEA
37%
Asia
18%
Latin America
5%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Consumer
20%
Packaging
24%
Industrial
15%
Building and
Construction
10%
Telecommunications
4%
Energy
4%
Defense
6%
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
Transportation
9%
Healthcare
8%
26
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
C O L O R , A D D I T I V E S & I N K S
2 0 2 2 R E V E N U E | $ 2 . 4 B I L L I O N
US & Canada
34%
EMEA
38%
Asia
20%
Latin America
8%
END MARKET REGION
27
Packaging
34%
Consumer
21%
Healthcare
8%
Industrial
15%
Transportation
8%
Building &
Construction
11%
Telecommunications
1% Energy
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
2 0 2 2 P R O F O R M A R E V E N U E | $ 1 . 3 B I L L I O N
END MARKET
US & Canada
52%
EMEA
35%
Asia
13%
REGION
28
Packaging
5%
Consumer
19%
Healthcare
8%Industrial
16%
Transportation
10%
Telecommunications
10%
Energy
9% Defense
15%
Building &
Construction
8%
Packaging
32%
Consumer
27%
Healthcare
8%
Industrial
14%
Building &
Construction
5%
Telecommunications
3%
Energy
1% Defense
1%
Asia
(18% of sales)
Transportation
9%
2 0 2 2 P R O F O R M A AV I E N T R E G I O N A L S A L E S
B Y E N D M A R K E T
Packaging
27%
Consumer
14%
Healthcare
5%
Industrial
17%
Building &
Construction
10%
Energy
5%
Defense
8%
EMEA
(37% of sales)Transportation
11%
Packaging
13%
Consumer
24%
Healthcare
12%
Industrial
15%
Building &
Construction
13%
Energy
5%
Defense
5%
US &
Canada
(40% of sales)
Transportation
7%
Packaging
56%
Consumer
23%
Healthcare
4%
Industrial
7%
Building &
Construction
4%
Telecommunications
1%
LATAM
(5% of sales)
Transportation
5%
Telecommunications
3%
Telecommunications
6%
29
PEER COMPARISONS
AV I E N T I S A S SE T L I G H T
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of April 28, 2023
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
31
3
2
3
3
4 4
3
3
5 5
5
6
7
9
A
vi
e
n
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
C
E
E
C
L
A
S
H
E
M
N
S
C
L
F R E E C A S H F LOW C O N V E R S I O N
Source: Peer data per Bloomberg as of April 28, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/sites/default/files/resources/Wells%2520Fargo%2520Conference%2520-%2520IR%2520Presentation%25205-6-2015%2520-%2520wNon%2520GAAP%2520and%2520Appendix.pdf
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?
Addressable market exceeds $40 billion
Strong 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
PolyOne Corporation Page 17
Appendix
PolyOne Corporation Page 18
$0.44
$0.46
$0.40
$0.45
$0.50
Q1 2014 Q1 2015
Adjusted EPS
$30
$34
$25
$30
$35
Q1 2014 Q1 2015
GCAI Operating Income
(in millions)
$18
$23
$15
$20
$25
Q1 2014 Q1 2015
GSEM Operating Income
(in millions)
Q1 2015 Financial Highlights
Global Specialty Engineered
Materials’ operating margin of
16.3% above the 2015 target
Global Color Additives and Inks’
operating margin grew to 16.2%
Adjusted EPS growth despite
unfavorable foreign exchange and
market dynamics
• Ex. currency, EPS grew 10.5%
+5%
+26%
+11%
PolyOne Corporation Page 19
Appliances
2%
Building &
Construction
12%
Consumer
7%
Electrical &
Electronics
1%
Healthcare
6%
Industrial
14%
Packaging
31% Textiles
7%
Transportation
8%
Wire & Cable
12%
1.7%
4.6% 5.1% 5.5%
7.2% 8.1%
9.7%
12.2% 12-16%
16.2%
2006 2007 2008 2009 2010 2011 2012 2013 2014 Q1
2015
2015
Operating Income % of Sales
At a Glance
Global Color, Additives and Inks
2014 Revenues: $0.9 Billion Solutions
Expanding Profits 2014 Revenue by Industry Segment
14.7%
Target
United States
44%
Europe
36%
Canada
2%
Asia
12%
Latin America
6%
PolyOne Corporation Page 20
Appliances
4% Building &
Construction
3%
Consumer
18%
Electrical &
Electronics
16%
Healthcare
12%
Industrial
8%
Packaging
5%
Transportation
20%
Wire & Cable
12%
At a Glance
Global Specialty Engineered Materials
2014 Revenues: $0.6 Billion Solutions
2014 Revenue by Industry Segment Expanding Profits
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6%
9.3%
12-16%
16.3%
2006 2007 2008 2009 2010 2011 2012 2013 2014 Q1
2015
2015
Operating Income % of Sales
Target
12.1%
United States
44%
Europe
33%
Canada
2%
Asia
19%
Latin America
2%
PolyOne Corporation Page 21
Appliances
2% Building &
Construction
8%
Consumer
5%
Healthcare
6%
Industrial
23%
Packaging
27%
Transportation
30%
United States
96%
Canada
4%
At a Glance
Designed Structures and Solutions
Solutions 2014 Revenues: $0.6 Billion
Expanding Profits 2014 Revenue by Industry Segment
1.4%
5.6%
7.3%
2.7%
8-10%
2012 2013 2014 Q1 2015 2015
Operating Income % of Sales
Target
PolyOne Corporation Page 22
Appliances
8%
Building &
Construction
33%
Consumer
5% Electrical &
Electronics
3%
Healthcare
1%
Industrial
11%
Packaging
5%
Transportation
18%
Wire & Cable
16%
5.5%
6.9%
3.8% 3.6%
5.5%
4.3%
6.3%
7.2%
6.5%
2006 2007 2008 2009 2010 2011 2012 2013 2014 Q1
2015
2015
Operating Income % of Sales
At a Glance
Performance Products and Solutions
Solutions
Expanding Profits
2014 Revenues: $0.8 Billion
9-12%
Target
2014 Revenue by Industry Segment
7.7%
United States
80%
Canada
14%
Asia
2%
Latin America
4%
PolyOne Corporation Page 23
Appliances
6%
Building &
Construction
5%
Consumer
13%
Electrical &
Electronics
6%
Healthcare
23%
Industrial
15%
Packaging
4%
Transportation
25%
Wire & Cable
3%
2.6%
3.0%
3.5%
4.0%
4.6%
5.6%
6.4% 5.9% 5.9%
6-7.5%
2006 2007 2008 2009 2010 2011 2012 2013 2014 Q1
2015
2015
Operating Income % of Sales
15%
52%
2006 2014
At a Glance
Distribution
Key Suppliers 2014 Revenues: $1.1 Billion
ROIC Expanding Profits
6.1%
Target
http://www.polyone.com/Pages/VariationRoot.aspx
PolyOne Corporation Page 24
2 lbs Plastic
=
3 lbs aluminum
or
8 lbs steel
or
27 lbs glass
33% less material by weight
than aluminum
75% less material by weight
than steel
93% less material by weight
than glass
Requires 91% less energy to
recycle a pound of plastic versus
a pound of paper
Source: SPI: Sustainability and the Plastics Industry
Plastics: Key to Future Sustainable Development
PolyOne Corporation Page 25
Commitment to Operational Excellence
81%
93%
2006 2014
16.2%
9.9%
2006 2014
On-Time Delivery
Working Capital % of Sales
5%
43%
2006 2014
Percent of Associates Trained in LSS
Four consecutive years – CFO Magazine
Best Working Capital Management in the
chemical industry
World’s Best Business
Process Excellence
Program in 2012*
103 trained Black Belts
247 trained Green Belts
127 trained Kaizen Leaders
World’s Best Start-up
Program for Lean Six Sigma
Deployment in 2009*
*Both awards received from International Quality and Productivity Center
PolyOne Corporation Page 26
Application Examples
PolyOne Corporation Page 27
$1.5 billion attractive, growing market
Additives improve performance and reduce cost
through light-weighting, reduced waste, faster
cycle times, and extended shelf life of finished
product
Aligned with megatrend of protecting the
environment:
Sustainability benefits include lower
package weight and improved recyclability
of package at end of use
Market Opportunity
Leading Global Supplier of Additives In Growing PET Market
Shelf-life extension
Greater product
consistency
Recyclability and
reduced carbon
footprint
Color and Special
Effects
Weight reduction
Enhanced product
aesthetics
High heat resistance
PET Bottling Technology
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
2009 2014 2019
Asia Pacific North America
Latin America Western Europe
Eastern Europe Middle East and Africa
Global PET Packaging Growth 2009-2019
Source: Euromonitor retail off-trade consumption (PET bottles & jars, home care, personal care,
food & non-alcoholic beverages)
B
ill
io
n
un
its
5% CAGR
PolyOne Corporation Page 28
• Includes formulation and
consultative services to assist
manufacturers and brand owners in
positively identifying their finished
goods
• Protects brand equity & consumer
welfare
• Reduces exposure to unwarranted
recall expenses
• Secures supply chain integrity –
support for safe expansion into new
geographies
Authentication Technology
PolyOne Corporation Page 29
• Color harmonization across
15 unique color-and-polymer
combinations
• Eliminated need for multiple pre-
colored materials
• Reduced Land Rover’s working
capital
2015 Range Rover Evoque Interior
PolyOne Corporation Page 30
• Reduced health and
environmental impact
• System cost reduction
• Radiation-shielding
performance
• Parts consolidation
• Design freedom
CT Scanner
PolyOne Corporation Page 31
Metal Replacement Solutions
• Replaces metal in LED lighting
• Extends LED durability and life
span eliminating hot spots
• Greater design flexibility with
fewer parts
• Weight reduction
• Simplifies manufacturing and
lowers total production cost
PolyOne Corporation Page 32
Next Generation Solar Charger
• Ginkgo Solar Tree charger utilizing our
unique reSound™ material
• reSound™ is a durable material
consisting of 50% bio-derived plastic
and 50% traditional petroleum-based
plastic
• Use of reSound™ reduced the carbon
footprint for this product by 35%
• reSound™ Is classified as a PolyOne
Sustainable SolutionSM PolyOne Sustainable
SolutionSM
PolyOne Corporation Page 33
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
organoleptic properties
PolyOne Corporation Page 34
Aerospace Applications
• Leading provider of specialty materials
for the aerospace industry
• Typical applications
Mil-spec aircraft windows, canopies,
windscreens, instrument panels,
wingtip lenses
Interior – gallery furnishings, tray
tables, arm rests, trim strips, joint/edge
coverings
• Benefits:
High impact strength
Resistant to UV rays
Flame and smoke compliance
Easy to clean with aggressive cleaners;
anti-microbial grades available
Range of sizes, thicknesses, colors, etc.
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/Innovation%2520Day%2520-%2520May%25202014.pdf
Richardson
Executive Vice President, Chief Financial Officer
PolyOne Corporation Page 15
Track Record of Accelerated Growth
Total Revenue Adjusted EPS Adjusted EBITDA
$2,061
$2,506
$2,709
$2,861
$3,771
2009 2010 2011 2012 2013
($ in millions, except EPS )
$105
$179
$202
$255
$344
2009 2010 2011 2012 2013
$0.13
$0.68
$0.82
$1.00
$1.31
2009 2010 2011 2012 2013
PolyOne Corporation Page 16
$0.31
$0.44
$0.20
$0.30
$0.40
Q1 2013 Q1 2014
Adjusted EPS
$42
$60
$20
$40
$60
Q1 2013 Q1 2014
Specialty Operating Income
($ millions)
Q1 2014 Financial Highlights
Growth momentum accelerates
driven by specialty platform
Specialty segments and
Distribution achieve record results
All segments increase operating
income compared to prior year
Revenue grew 25% versus
Q1 2013
+43%
+42%
$57
$79
$30
$60
$90
Q1 2013 Q1 2014
Adjusted Operating Income
($ millions)
+39%
PolyOne Corporation Page 17
Commitment to Operational Excellence
81%
96%
2006 2013
16.2%
10.9%
2006 2013
On-Time Delivery
Working Capital % of Sales
5.0%
31.0%
2006 2013
Percent of Associates Trained in LSS
Three consecutive years – CFO Magazine
Best Working Capital Management
Program in the chemical industry
World’s Best Business
Process Excellence
Program in 2012*
95 certified Black Belts
211 certified Green Belts
422 Project Leaders
World’s Best “Start-up
Program” for Lean Six Sigma
Deployment in 2009*
*Both awards received from International Quality and Productivity Center
PolyOne Corporation Page 18
Debt Maturities & Pension Funding – 3/31/14
Net Debt / EBITDA* = 1.9x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of March 31, 2014
($ millions)
Coupon Rates: 7.500% 7.375% 5.250%
*TTM 12/31/2013
** includes US-qualified pension plans only
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of March 31, 2014
PolyOne Corporation Page 19
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 1.4 million shares in
Q1 2014
Repurchased 6.4 million
shares since April 2013
13.6 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 20
3.07 3.05
1.81
1.45
1.82
1.54
0.85
3.15
1.17
1.69
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
0.91
PolyOne
Valuation Aspirations
PEG Ratio Comparison
Represents $38 of
share price upside
Avg = 1.96
PolyOne Corporation Page 21
Innovating for the Future
Dr.
Christopher Murphy
Vice President, Research and Development
Chief Innovation Officer
PolyOne Corporation Page 22
2 lbs Plastic
=
3 lbs aluminum
or
8 lbs steel
or
27 lbs glass
33% less material by weight
than aluminum
75% less material by weight
than steel
93% less material by weight
than glass
Requires 91% less energy
to recycle a pound of plastic
versus a pound of paper
Source: SPI: Sustainability and the Plastics Industry
Plastics: Key to Future Sustainable Development
PolyOne Corporation Page 23
Decreasing
Dependence on
Fossil Fuels
Globalizing
and Localizing
• Aging
population
• Longer life
expectancy
• Healthy living
• Aging in place
• Environmental
consciousness
• Alternative
energy
• Resource
efficiency
• Biotechnology
• Global
leader/local
expert with
customized
solutions
• Global OEMs
seeking one
standard of
service
everywhere
• Efficiency focus
• Reduced
size/weight
• Mass transit
• Alternative
materials
• Electric
vehicles
Protecting the
Environment
Improving
Health and
Wellness
Alignment with Megatrends
PolyOne Corporation Page 24
Innovation Drives Earnings Growth
$20
$53
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index
Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
PolyOne Corporation Page 25
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 26
Recent Innovations
Aligned with Megatrends
in Key End Markets and
2015 Goals
Robert M.
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
PolyOne Corporation Page 44
Appendix
Kiosk Summaries
Segments at a Glance
Officer Biographies
PolyOne Corporation Page 45
Anti-Counterfeiting Solutions
Includes formulation and consultative
services to assist manufacturers and
brand owners in positively identifying
their packaging, devices, end
products and raw materials in the field
Protects brand equity – defense
against customer complaints or legal
actions based on erroneous product
identification
Protects consumer welfare –
decrease in potential harm to
consumers, reduction in unwarranted
recall expenses
Secures supply chain integrity –
support for safe expansion into new
geographies
PolyOne Corporation Page 46
Security and Safety Solutions
Polycast™ Bullet Resistant Sheet,
an optically clear, non-yellowing
acrylic, provides ballistics
protection against powerful
weapons
• High-impact resistance that foils
“smash-and-grab” thieves
GlasArmor™ Bullet Resistant
Panels, a UL-listed solution with
superior ballistic resistance yet
weights 75% less than steel panel
• Used in commercial security
applications for business, home,
and governmental facilities
PolyOne Corporation Page 47
3D Printing
Collaborating with customers using
3D printers to create prototypes
and samples
Enables customers to develop and
test their products and innovations
quickly and accurately
3D printing of molds and inserts
allows OEMs to develop and test
new product innovation using their
own equipment and material of
choice, more efficient than
traditional processes
PolyOne Corporation Page 48
Enhanced Ergonomic Technologies
Versaflex™ VDT was developed to
absorb vibration and noise in a
broad range of applications,
including minimally invasive
surgical instruments, electronics,
firearms, archery and automotive
Can be overmolded onto a rigid
substrate without the need for an
adhesive to increase production
efficiencies and profitability
Creates value by:
• Increasing end-user comfort
• Eliminating secondary assembly
• Differentiating end products
PolyOne Corporation Page 49
Sustainable Solutions
reFlex™ Bio-Based Plasticizer non-
phthalate additive used to make
vinyl more flexible
• Derived primarily from soybeans
rather than petroleum
• Certified by USDA BioPreferred®
program
Wilflex™ Oasis Water-Based Inks
satisfy consumer demand for eco-
conscious products
• Long screen life and production-
friendly to improve operational
efficiencies, increase design quality
PolyOne Corporation Page 50
Color and Design Services
First-of-its-kind offering that
supports color and product
development from concept to
reality
Helps brand managers and
designers evaluate color and
design alternatives to:
– accelerate and streamline product
development
– strengthen brand equity
– build marketplace excitement
Enhances product differentiation
Improves efficiency and profitability
PolyOne Corporation Page 51
Metal Replacement Technology
Portfolio of solutions that meet upper
range of performance requirements,
removing barriers to replacing metal
with polymers
Applications include:
• LED heat sinks
• Electronic shielding (EMI/RFI)
• Structural integrity at elevated
temperatures (i.e., large appliances)
• Lead-free radiation shielding (i.e.,
CT scanners)
Creates value by eliminating the
need for machining and secondary
operations, removing weight,
streamlining production and
improving cost efficiencies
PolyOne Corporation Page 52
Medical Device Solutions
Catheters made using NEU™ View
patent-pending technology are
optically translucent, and have
superior contrast under X-ray
(radiopaque) when compared with
alternative catheter materials
Formulations for cardiovascular and
intravascular catheters are
application-specific, incorporating
medical-grade polymers, additives,
color, and healthcare-centric
manufacturing practices
Only commercially available product
that has excellent visibility, both
optically and under X-ray, to bolster
clinician confidence and offer
significant market advantage
PolyOne Corporation Page 53
Consumer Electronics Solutions
Ability to offer multiple technology
solutions on a global basis for this
industry, where many OEMs design in
one region, prototype in another, and
manufacture in yet another
Sustainable / “green” solutions help
customers to differentiate in this
market
New formulations for emerging
wearables market that meet skin
contact requirements and aesthetic
needs
PolyOne Corporation Page 54
Appliances
4%
Building &
Construction
4%
Consumer
17%
Electrical &
Electronics
16%
Healthcare
12%
Industrial
8%
Packaging
7%
Transportation
19%
Wire & Cable
13%
At a Glance
Global Specialty Engineered Materials
2013 Revenues: $0.6 Billion Solutions
2013 Revenue by Industry Segment Expanding Profits
1.1% 1.3%
3.4%
5.1%
9.6%
8.0%
8.6%
9.3%
12-16%
2006 2007 2008 2009 2010 2011 2012 2013 Q1
2014
2015
Operating Income % of Sales
Target
United States
43%
Europe
33%
Canada
2%
Asia
18%
Latin America
4%
11.6%
PolyOne Corporation Page 55
Appliances
2%
Building &
Construction
11%
Consumer
5%
Electrical &
Electronics
6%
Healthcare
7%
Industrial
13%
Packaging
34%
Transportation
10%
Wire & Cable
12%
Target
At a Glance
Global Color, Additives and Inks
2013 Revenues: $0.9 Billion Solutions
Expanding Profits
1.7%
4.6% 5.1%
5.5%
7.2% 8.1%
9.7%
12.2%
12-16%
2006 2007 2008 2009 2010 2011 2012 2013 Q1
2014
2015
Operating Income % of Sales
United States
44%
Europe
37%
Canada
2%
Asia
11%
Latin America
6%
2013 Revenue by Industry Segment
13.8%
PolyOne Corporation Page 56
At a Glance
Designed Structures and Solutions
Solutions 2013 Revenues: $0.6 Billion
Expanding Profits
2.2%
8 - 10%
6.5%
2012 PF Q1 2013 Q1 2014 2015
Operating Income % of Sales
0.2%
Target
United States
96%
Canada
3%
Latin America
1%
Appliances
2%
Building &
Construction
10%
Consumer
11%
Healthcare
6%
Industrial
13%
Packaging
32%
Transportation
26%
2013 Revenue by Industry Segment
PolyOne Corporation Page 57
5.5%
6.9%
3.8% 3.6%
5.5%
4.3%
6.3%
7.2%
2006 2007 2008 2009 2010 2011 2012 2013 Q1
2014
Operating Income % of Sales
At a Glance
Performance Products and Solutions
Solutions
Expanding Profits
2013 Revenues: $0.8 Billion
United States
81%
Europe
1%
Canada
14%
Asia
2%
Latin America
2%
9-12%
Target
2013 Revenue by Industry Segment
Appliances
8%
Building &
Construction
34%
Consumer
4% Electrical &
Electronics
3%
Healthcare
1%Industrial
10%
Packaging
6%
Transportation
16%
Wire & Cable
18%
2015
7.7%
PolyOne Corporation Page 58
2.6%
3.0%
3.5%
4.0%
4.6%
5.6%
6.4%
5.9%
6 - 7.5%
2006 2007 2008 2009 2010 2011 2012 2013 Q1
2014
2015
Operating Income % of Sales
15.3%
46.0%
2006 Q1 2014
At a Glance
Distribution
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and
equity over a 5 quarter period
Solutions 2013 Revenues: $1.1 Billion
ROIC* Expanding Profits
Target
Appliances
5%
Building &
Construction
5%
Consumer
14%
Electrical &
Electronics
5%
Healthcare
24%
Industrial
16%
Packaging
5%
Transportation
23%
Wire & Cable
3%
6.1%
http://www.polyone.com/Pages/VariationRoot.aspx
https://www.avient.com/sites/default/files/2020-09/therma-tech-for-adas-sensors-ecus-product-bulletin.pdf
THERMA-TECH
TT3300-5001EC
GREY
THERMA-TECH
TT6600-5001EC
GREY
THERMA-TECH
TT6600-5008EC
ANTHRACITE
THERMA-TECH
TT9200-5003EC
GREY
THERMA-TECH
TT9200-5003EC
MID ANTHRACITE
Applications
Sensor, Camera
& ECU Housings
Sensor, Camera
& ECU Housings
Sensor, Camera
& ECU Housings
Sensor, Camera
& ECU Housings
Sensor, Camera
& ECU Housings
Defining
Features
Thermally &
Electrically
Conductive
Thermally &
Electrically
Conductive
Thermally &
Electrically
Conductive
Thermally &
Electrically
Conductive
Thermally &
Electrically
Conductive
Filler/
Reinforcement
Glass Fiber Glass Fiber Glass Fiber Glass Fiber Glass Fiber
Surface
Resistivity
https://www.avient.com/sites/default/files/2023-11/SEM TPE Product Selector Guide _N. America only_2023.pdf
FEATURED TPES FOR CONSUMER APPLICATIONS
CO
N
SU
M
ER
GENERAL PROPERTIES REGULATORY OVERMOLDING PROCESS FEATURES
Appearance Hardness Specific Gravity
Food
Contact UL 94
Suitable
Substrates Injection Extrusion
ASTM
Shore
ASTM
(D792)
Consumer Electronics Series
Versaflex™ CE 3120-40 Natural 42A 0.92 - -
PC, ABS, PC/ABS,
COPE ✔
-
Good compression set—ideal for
device cases or electronic grips
Versaflex™ CE 3120-65 Natural 66A 1.15 - HB
PC, ABS, PC/ABS,
COPE ✔
-
Chemical and abrasion resistant; 4.69 cradle-to-gate
PCF—ideal for device cases or electronic grips
Versaflex™ CE 3140-65N Natural 65A 1.00 - -
PC, ABS, PC/ABS,
COPE ✔
-
5G transparent materials—ideal for
device cases or gaskets
Versaflex™ CE 3140-90N Natural 90A 1.01 - -
PC, ABS, PC/ABS,
COPE ✔
-
5G transparent materials—ideal for
device cases or gaskets
Versaflex™ CE 3620
Black/
Natural
65A 1.00 - HB
PC, ABS, PC/ABS,
COPE ✔
-
Chemical and abrasion resistant, hydrolitically
stable—ideal for electronic grips/gaskets or wearables
Engineering Resin Overmolds
Versaflex™ OM 1060X-1 Natural 60A 0.93 ✔ - PC, ABS, PC/ABS ✔ - Versatile OM resin—ideal for grips/gaskets
Versaflex™ OM 9-801N Natural 47A 1.04 ✔ HB
PC, ABS, PC/ABS,
PPO, POM, COPE,
PMMA, HIPS
✔ - Soft touch/rubber feel—ideal for grips/gaskets
Versaflex™ OM 9-802CL Clear 40A 0.92 ✔ -
PC, ABS, PC/ABS,
COPE ✔
- Soft touch/rubber feel—ideal for grips/gaskets
Versaflex™ OM 6059-9 Black 58A 1.10 - HB PA 6 and 6,6 ✔ -
Superior adhesion—ideal for grips,
power tools/equipment
Versaflex™ OM 6160-1
Black/
Natural
60A 1.11 ✔ HB PA 6 and 6,6 ✔
Superior adhesion—ideal for grips,
power tools/equipment
Versaflex™ OM 6240-1 Natural 43A 1.09 - - PA 6 and 6,6 ✔ -
Superior adhesion — ideal for grips,
power tools/equipment
Versaflex™ OM 6258-1 Natural 62A 1.09 - - PA 6 and 6,6 ✔ -
Superior adhesion—ideal for grips,
power tools/equipment
Versaflex™ OM 6258-9 Black 62A 1.09 - HB PA 6 and 6,6 ✔ -
Superior adhesion—ideal for grips,
power tools/equipment
Versaflex™ OM 6275-9 Black 75A 1.10 - - PA 6 and 6,6 ✔ -
Superior adhesion—ideal for grips,
power tools/equipment
Versollan™ OM1255NX Black 59A 1.05 - HB
PC, ABS, PC/ABS,
PC/PBT, COPE ✔
- Superior adhesion—ideal for power tool grips
Versollan™ RU 2205-1 Natural 65A 1.16 - HB
PC, ABS, PC/ABS,
COPE ✔ ✔
High performance, rubber feel
GENERAL PROPERTIES REGULATORY OVERMOLDING PROCESS FEATURES
Appearance Hardness Specific Gravity
Food
Contact UL 94
Suitable
Substrates Injection Extrusion
ASTM
Shore
ASTM
(D792)
Special Series
Versaflex™ VDT 4202-40B Black 40A 1.00 - - PP ✔ ✔
Vibration dispersion—ideal for washer/dryer
feet or shin guards
Versaflex™ G2800-17 Pink 18 OO 0.85 - - - ✔ - Skin-like feel—ideal for adult toys
Versaflex™ SP 2820-55N Natural 55A 0.91 ✔ - - ✔ ✔ Superior puncture and tear resistance—ideal for dog toys
Versaflex™ XP 2850 Natural 55A 0.88 ✔ - - ✔ ✔ Wet grip—ideal for water sports or grips
Versaflex™ GP 2810-40N AM US Translucent 45A 0.87 ✔ - - ✔ - Antimicrobial
Versaflex™ CE 3120-65 AM Natural 67A 1.15 - -
PC, ABS, PC/ABS,
COPE ✔
- Antimicrobial for consumer electronics
Versalloy™ XL 9045-1 Natural 44A 0.88 ✔ - - ✔ -
Excellent flow for long, thin flow paths—
ideal for grips or thin wall parts
Versalloy™ XL 9055-1 Natural 53A 0.89 ✔ - PP ✔ -
Excellent flow for long, thin flow paths—
ideal for grips or thin wall parts
Versalloy™ XL 9055X-9 Black 53A 0.89 ✔ HB PP ✔ -
Excellent flow for long, thin flow paths—
ideal for grips or thin wall parts
Versalloy™ XL 9070-1 Natural 70A 0.89 ✔ - PP ✔ -
Excellent flow for long, thin flow paths—
ideal for grips or thin wall parts
Versalloy™ XL 9070X-9 Black 70A 0.89 ✔ HB PP ✔ -
Excellent flow for long, thin flow paths;
2.54 cradle-to-gate PCF—ideal for grips or thin wall parts
Dynaflex™ G7702-9001-02 Black 37A 1.10 - - PP ✔ ✔ High temperature performance—ideal for seals and gaskets
Dynalloy™ DT 7910W White 45A 0.93 ✔ - - ✔ ✔ Low compression—ideal for dairy tubing
Versaflex™ CL 2000X Clear 3A 0.87 ✔ - - ✔ ✔ Ultra soft
Versaflex™ CL 2003X Clear 33 OO 0.87 ✔ - - ✔ ✔ Gel feel
Versaflex™ CL30 Clear 30A 0.89 ✔ - PP ✔ ✔ High clarity, high tackiness
Versaflex™ CL40 Clear 43A 0.89 ✔ HB - ✔ ✔ High clarity, high tackiness
General Purpose Series
Versaflex™ GP 2810 Translucent 20A–60A 0.88 ✔ - - ✔ ✔ Unfilled
Versaflex™ GP 2810 Translucent 70A–90A 0.89 ✔ HB - ✔ ✔ Unfilled
Dynaflex™ G7920 Natural/Black 20A 1.01 ✔ - PP ✔ ✔ Filled
Dynaflex™ G7900 Natural/Black 30A–90A 1.05–1.20 ✔ HB PP ✔ ✔ Filled
FEATURED TPES FOR CONSUMER APPLICATIONS
CO
N
SU
M
ER
GENERAL PROPERTIES REGULATORY OVERMOLDING PROCESS FEATURES
Appearance Hardness Specific Gravity
Compression Set
@ 23°C
Compression Set
@ 100°C
Food
Contact
ISO
10993 USP VI UL 94
Suitable
Substrates
Injection Extrusion
ASTM
Shore A
ASTM
(D792) ASTM % ASTM %
Tubing
Versaflex™ G2705 N Translucent 60 0.89 20 - ✔ ✔ ✔ ✔ PP ✔ ✔
High resiliance, low compression set, and good puncture
sealing–ideal for medical and biopharma tubing
Versaflex™ HC BT218 Translucent 67 0.89 19 69 - ✔ ✔ ✔ - - ✔ Weldable and kink resistant—ideal for biopharma tubing
Versalfex™ HC BIO BT218 Translucent 70 0.88 18 58 - ✔ ✔ - - - ✔
Weldable and kink resistant; 40% bio-derived content
(Gen 1 biomass)—ideal for biopharma tubing
Versaflex™ HC MT317 Translucent 68 0.89 17 69 - ✔ ✔ ✔ - - ✔
Flexible and kink resistant, high service temperature
—ideal for medical and biopharma tubing
Versalloy™ HC 9220-70 Natural 70 0.95 17 51 - ✔ ✔ - PP ✔ ✔
High temperature resistance—ideal for
peristaltic pump tubing
Syringe Components
Versaflex™ HC 2110-35N Natural 35 0.89 19 47 - ✔ ✔ - LDPE, PP ✔ -
Good puncture sealing and elevated temperature
performance—ideal for septums
Versaflex™ HC 2110-57B Black 57 1.01 20 37 - ✔ ✔ - - ✔ -
Low coefficient of friction and elevated temperature
performance—ideal for plungers and stoppers
Engineering Resin Overmolds
Versaflex™ OM 1040X-1 Translucent 42 0.92 22 - ✔ ✔ ✔ - PC, ABS, PC/ABS ✔ -
Good compression set at room temperature—
ideal for seals and grips
Versaflex™ OM 3060-1 Clear 59 0.90 33 - ✔ ✔ ✔ HB
PC, ABS, PC/ABS,
PC/PETG, PC/PBT ✔
-
Good compression set at room temperature
and UV stability—ideal for seals and grips
Versaflex™ OM 8940X-1 Clear 40 0.92 20 - ✔ ✔ - -
PK, COPE, PC, ABS,
PC/ABS ✔
-
Excellent chemical resistance to alcohols and
disenfectants—ideal for grips on medical devices
Versaflex™ OM 4052 Translucent 56 1.01 27 - ✔ - - - PC, ABS, PC/ABS ✔ -
Excellent chemical resistance to skin oils,
like sebum, and hand lotion—ideal for
consumer healthcare applications
Versaflex™ OM 4063 Translucent 64 1.12 30 - ✔ - - PC, ABS, PC/ABS ✔ -
Excellent chemical resistance to skin oils,
like sebum, and hand lotion—ideal for
consumer healthcare applications
General Purpose Applications
Versaflex™ CL E85 Clear 85 0.90 20 72 ✔ ✔ ✔ - - - ✔ High clarity without plasticizers—ideal for extrusion
Versaflex™ HC 3810 Series Translucent 20–90 0.88 16 54 - ✔ - - - ✔ -
Formulated without animal derivatives,
excellent colorability—ideal for seals and labware
Versaflex™ G2705 N Translucent 60 0.89 20 - ✔ ✔ ✔ - PP ✔ ✔
High resiliance, low compression set,
and good puncture sealing
Versalloy™ HC 9220-70 Natural 70 0.95 17 51 - ✔ - - PP ✔ ✔ High temperature resistance
Versalloy™ HC 9210 Series Natural 55 & 70 0.89 20 44 - - ✔ - - ✔ -
Formulated without animal derivatives—
ideal for injection molding long thin flow paths,
smooth surface aesthetics
Versaflex™ CL2242 Clear 43 0.89 23 - ✔ ✔ ✔ - - ✔ - High clarity maintained after boiling cleaning processes
Versaflex™ CL2250 Clear 50 0.89 20 - ✔ ✔ ✔ - - ✔ - High clarity maintained after boiling cleaning processes
FEATURED TPES FOR HEALTHCARE APPLICATIONS
H
EALTH
CAR
E
GENERAL PROPERTIES REGULATORY BONDING PROCESS FEATURES
Appearance Hardness Specific Gravity Weatherability* VOC FOG Odor** UL 94
Suitable
Substrates Injection Extrusion
ASTM
Shore A
ASTM
(D792)
Internal QUV
1000hrs (Delta E)
VDA 278
μg/g (ppm)
VDA 278
μg/g (ppm)
Recycled Content Series
reSound™ REC OF 7310-80
Black/
Natural (Gray)
80 0.90 0.35 75 379 3 (VDA 270) - PP ✔
35% PCR/PIR content (food packaging)—
ideal for automotive interior applications
reSound™ REC OF 7310-90
Black/
Natural (Gray)
90 0.91 0.11 160 557 3 (VDA 270) - PP ✔
45% PCR/PIR content (food packaging)—
ideal for automotive interior applications
General Purpose Series
OnFlex™ G7705 B Black 42 1.20 - - - - - PP ✔ ✔ Easy processing for a wide variety of applications
OnFlex™ G7705 N Natural 44 1.18 - - - - - PP ✔ ✔ Easy processing for a wide variety of applications
OnFlex™ G7720 B Black 57 1.16 0.55 - - - HB PP ✔ ✔ Easy processing for a wide variety of applications
OnFlex™ G7720 N Natural 55 1.17 3.72 - - - HB PP ✔ ✔ Easy processing for a wide variety of applications
OnFlex™ G7820 N Natural 92 1.14 - - - - - PP ✔ ✔ Easy processing for a wide variety of applications
Automotive Fasteners & Interior Components
OnFlex™ AF 7210 Series Natural 40–90 1.00 - - - - - PP ✔ - Low odor and good UV resistance
OnFlex™ AF 7210 Black 40 1.00 0.49 113 845
2 (SAE J1351,
Dry)
- PP ✔ - Low odor and good UV resistance
OnFlex™ AF 7210 Black 50 1.00 0.42 51 762
2 (SAE J1351,
Dry)
- PP ✔ - Low odor and good UV resistance
OnFlex™ AF 7210 Black 60 1.00 0.21 112 1740
1 (SAE J1351,
Dry)
- PP ✔ - Low odor and good UV resistance
OnFlex™ AF 7210 Black 70 0.99 0.22 105 1976
3 (SAE J1351,
Dry)
- PP ✔ - Low odor and good UV resistance
OnFlex™ AF 7210 Black 80 1.00 0.32 74 4459
3 (SAE J1351,
Dry)
- PP ✔ - Low odor and good UV resistance
OnFlex™ AF 7210 Black 90 1.00 - - - - - PP ✔ - Low odor and good UV resistance
HVAC & Interior Components
OnFlex™ LO 7120-45N Natural 45 1.15 3.21 41 521
2 (SAE J1351,
Dry)
- PP ✔ -
Significant reductions in VOCs and fogging
compared to traditional TPE technologies
GLS™ TPEs with Antimicrobial Technologies
OnFlex™ LO 7120-45B AM Black 45 1.13 0.52 - - - - PP ✔ - Imbedded antimicrobial technology
FEATURED TPES FOR TRANSPORTATION APPLICATIONS
TRAN
SPO
RTATIO
N * Values were taken on 3mm plaques following 1000hrs of continious exposure to UVA-340
** Samples were conditioned at 23C at 35% RH for 24 hrs.