https://www.avient.com/investor-center/news/polyone-corporation-announces-quarterly-dividend-1
June 14, 2019
View original content:http://www.prnewswire.com/news-releases/polyone-corporation-announces-quarterly-dividend-300852087.html
https://www.avient.com/investor-center/news/polyone-corporation-announces-quarterly-dividend
March 14, 2017
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/polyone-corporation-announces-quarterly-dividend-300408297.html
https://www.avient.com/sites/default/files/resources/Innovation_Day_-_May_2014_0.pdf
S&P 500 All time high of $39.55 May 13th, 2014 PolyOne Corporation Page 12 2006 Q1 2014 2015 “Where we were” “Where we are” Target 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 13.8% 12 – 16% Global Specialty Engineered Materials 1.1% 11.6% 12 – 16% Designed Structures & Solutions -- 6.5% 8 – 10% Performance Products & Solutions 5.5% 7.7% 9 – 12% Distribution 2.6% 6.1% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 64% 65 – 75% 3) ROIC* 5.0% 9.4% 15% 4) Adjusted EPS Growth N/A 42% 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 13 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 14 Financial Highlights Bradley C.
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.
Patterson President and Chief Executive Officer PolyOne Corporation Page 36 PolyOne Core Values Innovation Collaboration Excellence PolyOne Corporation Page 37 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 38 Formula for Success Innovation Market Beating Performance Excellence in Execution PolyOne Corporation Page 39 Track Record of Successful Integrations and Rapid Operating Income Growth $12 $44 2007 2013 $22 $30 2012 2013 $24 $49 2012 2013 GLS ColorMatrix Spartech OI in $ millions PolyOne Corporation Page 40 2015 and Beyond Innovation will drive the next stage in our remarkable transformation Deliver on 2015 goals Expand Specialty offerings and possibilities Identified as a truly global, specialty chemical company Market Potential Exceeds $40 Billion PolyOne Corporation Page 41 Driving Toward Premier Profitability EBIT Margins for top tier companies Victrex 42% Sigma Aldrich 18% FMC 25% IFF 18% Eastman 17% Hexcel 16% 16% Rockwood Holdings Celanese 14% 7% EBIT Margin – 2013 Albemarle 24% Ecolab 13% PolyOne Corporation Page 42 Bright Future & High Aspirations – The Next Seven Years • % OP Income from Specialty - 5% • Market Cap - $500 Million • Revenue - $2.6 Billion • Commodity Peers • Specialty ROS - 1.5% • % OP Income from Specialty - 62% • Market Cap - $3.5 Billion • Revenue - $3.7 Billion • Specialty ROS - 9.4% • % OP Income from Specialty - 80 to 90% • Market Cap - $12 to $18 Billion • Revenue - $8 to $10 Billion • Specialty Peers • Specialty ROS - ≥ 20% 2000 – 2006 2007 – 2013 2014 – 2020 PolyOne Corporation Page 43 The New PolyOne: A Specialty Growth Company Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/Innovation%2520Day%2520-%2520May%25202014.pdf
S&P 500 All time high of $39.55 May 13th, 2014 PolyOne Corporation Page 12 2006 Q1 2014 2015 “Where we were” “Where we are” Target 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 13.8% 12 – 16% Global Specialty Engineered Materials 1.1% 11.6% 12 – 16% Designed Structures & Solutions -- 6.5% 8 – 10% Performance Products & Solutions 5.5% 7.7% 9 – 12% Distribution 2.6% 6.1% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 64% 65 – 75% 3) ROIC* 5.0% 9.4% 15% 4) Adjusted EPS Growth N/A 42% 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 13 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 14 Financial Highlights Bradley C.
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.
Patterson President and Chief Executive Officer PolyOne Corporation Page 36 PolyOne Core Values Innovation Collaboration Excellence PolyOne Corporation Page 37 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 38 Formula for Success Innovation Market Beating Performance Excellence in Execution PolyOne Corporation Page 39 Track Record of Successful Integrations and Rapid Operating Income Growth $12 $44 2007 2013 $22 $30 2012 2013 $24 $49 2012 2013 GLS ColorMatrix Spartech OI in $ millions PolyOne Corporation Page 40 2015 and Beyond Innovation will drive the next stage in our remarkable transformation Deliver on 2015 goals Expand Specialty offerings and possibilities Identified as a truly global, specialty chemical company Market Potential Exceeds $40 Billion PolyOne Corporation Page 41 Driving Toward Premier Profitability EBIT Margins for top tier companies Victrex 42% Sigma Aldrich 18% FMC 25% IFF 18% Eastman 17% Hexcel 16% 16% Rockwood Holdings Celanese 14% 7% EBIT Margin – 2013 Albemarle 24% Ecolab 13% PolyOne Corporation Page 42 Bright Future & High Aspirations – The Next Seven Years • % OP Income from Specialty - 5% • Market Cap - $500 Million • Revenue - $2.6 Billion • Commodity Peers • Specialty ROS - 1.5% • % OP Income from Specialty - 62% • Market Cap - $3.5 Billion • Revenue - $3.7 Billion • Specialty ROS - 9.4% • % OP Income from Specialty - 80 to 90% • Market Cap - $12 to $18 Billion • Revenue - $8 to $10 Billion • Specialty Peers • Specialty ROS - ≥ 20% 2000 – 2006 2007 – 2013 2014 – 2020 PolyOne Corporation Page 43 The New PolyOne: A Specialty Growth Company Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2020-09/stan-tone-pep-et-product-bulletin.pdf
% Pigment Specific Gravity Color Index Lightfastness WHITE 10PEP03 Titanium Dioxide, Rutile 60 2.06 PW-6 I/O YELLOW 12PEP01 Diarylide AAOT GS 20 1.24 PY-14 I 12PEP03 Diarylide HR RS 25 1.23 PY-83 I/O (Mass) 13PEP02 Isoindolinone RS 25 1.31 PY-110 I/O 13PEP03 Benzimidazolone GS 25 1.25 PY-151 I/O (Mass) 81PEP01 Iron Oxide 60 2.07 PY-42 I/O ORANGE 15PEP03 Benzimidazolone RS 25 1.27 PO-36 I/O RED 23PEP04 Quinacridone BS 25 1.24 PV-19 I/O 23PEP06 Specialty Naphthol BS 25 1.23 PR-170 I/O (Mass) C 25PEP01 Red 2B, Ca Salt BS 17 1.26 PR-48:2 I/O (Mass) 28PEP01 Red 2B, Ba Salt YS 25 1.32 PR48:1 I/O (Mass) 82PEP01 Iron Oxide, Light YS 27 1.5 PR-101 I/O 82PEP02 Iron Oxide, Light BS 60 2.2 PR-101 I/O 82PEP04 Iron Oxide, Light VYS 60 2.2 PR-101 I/O 82PEP05 Iron Oxide, Dark VBS 60 2.21 PR-101 I/O BLUE 40PEP01 Phthalocyanine GS 25 1.27 PB-15:3 I/O 40PEP05 Phthalocyanine RS 25 1.27 PB-15 I/O 42PEP02 Ultramarine 35 1.44 PB-29 I/O 49PEP01 Cobalt 31 1.54 PB-28 I/O GREEN 50PEP01 Phthalocyanine BS 16 1.28 PG-7 I/O 50PEP03 Phthalocyanine YS 16 1.28 PG-7 I/O 59PEP02 Chromium Oxide 70 2.6 PG-17 I/O VIOLET/MAGENTA 24PEP03 Quinacridone Violet 20 1.24 PV-19 I/O 24PEP04 Ultramarine Violet 50 1.69 PV-15 I/O 24PEP05 Quinacridone Magenta 20 1.24 PR-122 I/O 24PEP06 Benzimidazolone 20 1.23 PV-32 I/O 24PEP07 Carbazole Violet 13 1.22 PV-23 I/O BROWN/TAN 83PEP01 Iron Oxide, Light 34 1.6 PBr-6 I/O 83PEP02 Iron Oxide, Dark 29 1.51 PBr-6 I/O BLACK 90PEP01 Furnace - High Jet 24 1.3 PBk-7 I/O 90PEP04 Furnace - Medium 17 1.27 PBk-7 I/O 90PEP05 Iron Oxide 33 1.58 PBk-11 I/O POLYESTER URETHANE PASTE COLORANTS (PEP) Stan-Tone Code Pigment Type Approx. % Pigment Specific Gravity Color Index Lightfastness WHITE 10ET03 Titanium Dioxide, Rutile 56 1.74 PW-6 I/O YELLOW 12ET01 Diarylide AAOT GS 40 1.15 PY-14 I 12ET03 Diarylide HR RS 20 1.07 PY-83 I/O (Mass) 13ET02 Isoindolinone RS 20 1.11 PY-110 I/O 13ET03 Benzimidazolone GS 20 1.08 PY-151 I/O (Mass) 81ET01 Iron Oxide 60 1.84 PY-42 I/O ORANGE 15ET03 Benzimidazolone RS 25 1.11 PO-36 I/O RED 20ET01 Red Lake C YS 30 1.16 PR-53 I 22ET01 Lithol Rubine BS 30 1.17 PR-57:1 I 23ET04 Quinacridone BS 15 1.05 PV-19 I/O 23ET06 Specialty Naphthol BS 30 1.09 PR-170 I/O (Mass) C 25ET01 Red 2B, Ca Salt BS 29 1.15 PR-48:2 I/O (Mass) 28ET01 Red 2B, Ba Salt YS 30 1.18 PR-48:1 I/O (Mass) 82ET01 Iron Oxide, Light BS 60 1.94 PR-101 I/O 82ET02 Iron Oxide, Dark VBS 60 1.95 PR-101 I/O 82ET04 Iron Oxide, Light VYS 60 1.94 PR-101 I/O BLUE 40ET01 Phthalocyanine GS 25 1.11 PB-15:3 I/O 40ET05 Phthalocyanine RS 20 1.09 PB-15 I/O 42ET02 Ultramarine 55 1.46 PB-29 I/O 49ET01 Cobalt 65 2.02 PB-28 I/O GREEN 50ET01 Phthalocyanine BS 30 1.2 PG-7 I/O 50ET03 Phthalocyanine YS 25 1.16 PG-7 I/O 59ET01 Chromium Oxide 65 2.12 PG-17 I/O VIOLET/MAGENTA 24ET03 Quinacridone Violet 20 1.08 PV-19 I/O 24ET04 Ultramarine Violet 60 1.66 PV-15 I/O 24ET05 Quinacridone Magenta 20 1.08 PR-122 I/O 24ET06 Benzimidazolone 25 1.08 PV-32 I/O 24ET07 Carbazole Violet 13 1.05 PV-23 I/O BROWN/TAN 83ET01 Iron Oxide, Light 64 2.02 PBr-6 I/O 83ET02 Iron Oxide, Dark 60 1.9 PBr-6 I/O BLACK 90ET04 Furnace - Medium 22 1.12 PBk-7 I/O 90ET05 Iron Oxide 60 1.9 PBk-11 I/O POLYETHER URETHANE PASTE COLORANTS (ET) PEP/ET RS = Red Shade YS = Yellow Shade VYS = Very Yellow Shade BS = Blue Shade VBS = Very Blue Shade GS = Green Shade HR = Heat-Resistant LIGHTFASTNESS I = Indoor Only I/O = Indoor or Outdoor Mass = Outdoor Masstone Application Only C = Some Caution Advised www.avient.com Copyright © 2020, Avient Corporation.
https://www.avient.com/products/polymer-additives/fiber-additives/cesa-fiber-tracer-concentrates
Confirm the Origin of Fibers
However, due to the complexity of the supply chain, it is becoming increasingly difficult for fiber manufacturers and brand owners to trace back the origin of garments and other types of fabrics.
Their presence in the fibers can be detected during specific tests to confirm the ownership of the fibers to a specific customer/product line the textile originated from.
https://www.avient.com/resources/safety-data-sheets?page=1974
84318GNS ORIGINAL GOLD
74767GNS ORIGINAL DALLAS GREEN
Material or Material Number) has either 12 or 14 characters.
https://www.avient.com/resources/safety-data-sheets?page=3912
STAN-TONE HCC- LAT PLATINUM 42
Material or Material Number) has either 12 or 14 characters.
https://www.avient.com/resources/safety-data-sheets?page=133
GF 1200 A 15 FR BLACK 42
Material or Material Number) has either 12 or 14 characters.
https://www.avient.com/resources/safety-data-sheets?page=2478
9261-42 SLATE BLUE FURNITURE PLASTISOL
Material or Material Number) has either 12 or 14 characters.