https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-lubrione-printer-gears.pdf
CONSUMER ELECTRONICS MANUFACTURER P R I N T E R G E A R S • Lubricity to minimize friction and reduce wear for gears in continuous dynamic contact • Flexural strength of glass fiber reinforcement to provide creep resistance • Thermal stability • Customized formulation to meet application- specific lubricity, physical, and thermal requirements • Minimized working capital through small volume capabilities • Leveraged global manufacturing and technical capabilities to provide local support, reduce lead times and minimize transportation expenses LubriOne™ Internally Lubricated Formulation WHY POLYONE?
https://www.avient.com/sites/default/files/2023-12/Complet LFT OHP Side by Side Seat Pan %281%29.pdf
OFF-ROAD VEHICLE MANUFACTURER S E A T P A N • Consolidate parts to reduce assembly time and lower manufacturing costs • Maintain performance while replacing metal seat pan with lightweight composite material • Aided consolidation of multiple metal parts and fasteners into a single injection molded component, lowering costs $100k year • Saved time and money using FEA validation to confirm real-world performance before building tooling • Created full-size 3D printed prototypes to test fit and function Complēt™ Long Glass Fiber Nylon Composite KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-01/complet-craftech-non-metallic-fasteners.pdf
CRAFTECH® N O N - M E T A L L I C F A S T E N E R S • Corrosion resistance • Electrical isolation • Strength performance similar to competitive products made of metals • Supplied pre-colored long fiber reinforced composites for consistent appearance • Formulated an LFT solution to meet key performance needs and strength to compete against metal alternatives • Delivered custom formulated materials on- time with short lead times and in low release quantities Complēt™ Long Glass Fiber ETPU Composite KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520Sidoti%2520wNonGAAP%2520Rec.pdf
Page 3 Strategy and Execution Drive Results 90% $22 $24 PolyOne Stock Price 50% 70% $18 $20 $22 S&P 500 (relative performance) 30% $12 $14 $16 S&P 500 (relative performance) ‐10% 10% $6 $8 $10 50% ‐30% $0 $2 $4 $ | ‐50%$0 2006 2007 2008 2009 2010 2011 2012 2013 Page 4 Four Pillar Strategy The World’s Premier Provider of SpecializedThe World s Premier Provider of Specialized Polymer Materials, Services & Solutions Page 5 Spartech – Compelling Strategic Rationale • Spartech expands PolyOne’s specialty portfolio with adjacent technologies in attractive end markets Bolt on acquisition with opportunity for global expansion as only Bolt‐on acquisition with opportunity for global expansion, as only 6% of Spartech’s revenues are outside of North America • PolyOne has a proven management team with a track record of transformational success • Preliminary synergy estimated at $65 million run rate by end of 3year 3 Significant opportunity to expand profitability by leveraging PolyOne’s four pillar strategy • Substantial potential share price appreciation for all shareholders f f ll / $ Accretive to EPS in first full year post‐acquisition / $0.50 once synergies realized Page 6 Mix Shift Highlights Specialty Transformation Old PolyOne Transformation 100% 2015 Target 80% In co m e* 65 – 75%40% 60% f O pe ra tin g 34% 43% 45% 65 75% 20% % o f 2%0% 2005 2008 2010 2012 2015 Specialty OI $5M $46M $87M $114M Target *Operating Income excludes corporate charges and special items JV's PP&S Distribution Specialty Page 7 Proof of Performance 2007 2012 2015 “Where we were” “Where we are” “Where we Where we were Where we are expect to be" 1) Operating Income % Specialty 3.2% 9.1% 12 – 16% PP&S 6.1% 9.0% 9 – 12% Distribution 3.0% 6.4% 6 – 7.5% 2) Specialty Platform sss% of Operating Income 20% 45% 65 – 75% 3) ROIC* ( ft t ) 7% 11% 15%3) ROIC* (after‐tax) 7% 11% 15% 4) Adjusted EPS Growth** N/A 4 yr CAGR = 55% Double Digit Expansion *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period **4 yr EPS CAGR calculated using 2012 adjusted EPS vs 2008 adjusted EPS Page 8 Proof of Performance Spartech Opportunity Intermediate PolyOne Spartech Opportunity 2006 2012 Today Goal “Where we were” “Where we are” “Where Spartech is”* “Where we can go”were are Spartech is can go Specialty Operating Margin 1.5% 9.1% 2.2% 8.0% – 10.0% Margin Page 9 *Pro Forma results include Spartech corporate allocations for FY12 ended November 3, 2012 At a Glance PolyOne Europe 14% Canada 8% Asia 5% Latin America 3% Distribution 2012 Revenues: $4.2 Billion* 2012 Revenues: $4.2 Billion* United States 70% 14% 5% PP&S 20%Specialty 57% 23% 70% Appliance 5% Building & HealthCare Transportation 16% Textiles 2% 1.02 1.20 $1.20 $1.40 ha re End Markets* EPS Growth g Construction 14% Wire & Cable 8% Consumer 8% Packaging 17% Industrial 11% Misc. 6% 9% 0.27 0 21 0.79 $0.40 $0.60 $0.80 $1.00 Ad ju st ed E ar ni ng s P er S Electrical & Electronics 4% 0.12 0.21 0.13 $0.00 $0.20 2006 2007 2008 2009 2010 2011 2012 Page 10 * Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms At a Glance Specialty U it d 2012 Revenues: $2.4 Billion* Solutions United States 59% Europe 23% Asia Canada 4% Asia 9% Latin America 5% Appliance 4% Building & C t ti HealthCare 5% Transportation 16% Textiles 2% % o f S al es 12-16% End Markets* Expanding Profits Construction 11% Wire & Cable 7% Electrical & Electronics Packaging 23% Industrial 7% Misc. 15% 1.5% 3.2% 4.3% 5.3% 8.4% 9.1% O pe ra tin g In co m e % 8.0% Electronics 4% Consumer 6% Page 11 2006 2007 2008 2009 2010 2011 2012 2015 O Target* Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms At a Glance Designed Structures and Solutions United States 2012 Revenues: $0.85 Billion* Solutions 84% Europe 2% Canada 7% Latin America 7% Appliance 4% Building & Construction 11% Wire & Cable Sign & Advertising 3% Recreation & Leisure 2% Pool & Spa 1% Distribution & Thermoform 8% Textiles 2% Operating Income % of Sales 2012 Revenue by Industry Segment* Expanding Profits** Wire & Cable 7% Electrical & Electronics 4% Consumer 6% Packaging 23%Industrial 7% Transportation 16% 3% 2.2% 8 ‐ 10% 7% Misc. 1% HealthCare 5% 2012 2015 Target Page 12 *Pro Forma includes FY2012 results for Spartech (11/03/12 YE) **Pro Forma results include Spartech corporate allocations for FY12 Positioned for Earnings Growth 2015 Target Rev: $5B Adj.
EPS: $2.50 Assumptions • High single digit organic revenue CAGR • Operating margins in mid range of 2015 targets • No global recession• No global recession • No investment in incremental PP&S capacity • Completion of 2‐3 midsize accretive acquisitions • No divestitures • Housing starts at 85% of 50 year norm by 2015 R i f t bl b l 3X N t 2012 $ • Remain comfortably below 3X Net Debt / EBITDA Page 13 Rev: $3.0B Adj.
Platform operating income mix percentage 2005Y 2006Y 2007Y 2008Y 2009Y 2010Y 2011Y Global Specialty Engineered Materials $ 0.4 $ 3.9 $ 4.9 $ 17.6 $ 20.6 $ 49.7 $ 45.9 Global Color, Additives and Inks 4.3 8.9 25.7 28.1 25.2 37.7 43.4 Specialty Platform $ 4.7 $ 12.8 $ 30.6 $ 45.7 $ 45.8 $ 87.4 $ 89.3 Performance Products and Solutions 75.7 64.2 65.8 31.3 33.1 54.0 62.4 Distribution 19.5 19.2 22.1 28.1 24.8 42.0 56.0 SunBelt Joint Venture 91.9 102.9 34.8 28.6 25.5 18.9 5.0 Corporate (51.5) 34.5 (73.3) (425.1) 7.9 (27.7) 20.3 Operating income (loss) GAAP $ 140.3 $ 233.6 $ 80.0 $ (291.4) $ 137.1 $ 174.6 $ 233.0 Less: Corporate operating expense (income) 51.5 (34.5) 73.3 425.1 (7.9) 27.7 (20.3) Operating income excluding Corporate $ 191.8 $ 199.1 $ 153.3 $ 133.7 $ 129.2 $ 202.3 $ 212.7 Specialty platform operating mix percentage 2% 6% 20% 34% 35% 43% 42% Platform operating income mix percentage 2012Y Global Specialty Engineered Materials $ 47.0 Global Color, Additives and Inks 66.8 Specialty Platform $ 113.8 Performance Products and Solutions 74.9 Distribution 66.0 Corporate (87.6) Operating income GAAP $ 167.1 Less: Corporate operating expense 87.6 Operating income excluding Corporate $ 254.7 Specialty platform operating mix percentage 45% Platform sales and operating income (OI) 2006Y 2007Y 2008Y 2009Y 2010Y 2011Y Global Specialty Engineered Materials Sales $ 345.3 $ 384.4 $ 514.0 $ 402.9 $ 517.4 $ 575.1 Global Color, Additives and Inks Sales 531.8 560.5 554.3 459.8 527.4 544.6 Specialty Platform Sales $ 877.1 $ 944.9 $ 1,068.3 $ 862.7 $ 1,044.8 $ 1,119.7 Performance Products and Solutions Sales 1,166.2 1,086.8 1,001.4 667.7 776.3 865.4 PolyOne Distribution Sales 732.8 744.3 796.7 625.1 911.9 996.5 Corporate and Eliminations (153.7) (133.3) (127.7) (94.8) (111.1) (118.1) Total Sales $ 2,622.4 $ 2,642.7 $ 2,738.7 $ 2,060.7 $ 2,621.9 $ 2,863.5 Global Specialty Engineered Materials OI $ 3.9 $ 4.9 $ 17.6 $ 20.6 $ 49.7 $ 45.9 Global Color, Additives and Inks OI 8.9 25.7 28.1 25.2 37.7 43.4 Specialty Platform OI $ 12.8 $ 30.6 $ 45.7 $ 45.8 $ 87.4 $ 89.3 Performance Products and Solutions OI 64.2 65.8 31.3 33.1 54.0 62.4 PolyOne Distribution OI 19.2 22.1 28.1 24.8 42.0 56.0 Sunbelt Joint Venture OI 102.9 34.8 28.6 25.5 18.9 5.0 Corporate and eliminations (4.6) (25.5) (28.9) (40.8) (32.5) (26.4) Special items in OI 39.1 (47.8) (396.2) 48.7 4.8 46.7 Operating income (loss) GAAP $ 233.6 $ 80.0 $ (291.4) $ 137.1 $ 174.6 $ 233.0 Sunbelt equity income (107.0) (40.8) (32.5) (29.7) (23.1) (5.7) Special items in OI (39.1) 47.8 396.2 (48.7) (4.8) (46.7) Operating income adjusted $ 87.5 $ 87.0 $ 72.3 $ 58.7 $ 146.7 $ 180.6 Global Specialty Engineered Materials - OI % of sales 1.1% 1.3% 3.4% 5.1% 9.6% 8.0% Global Color, Additives and Inks - OI % of sales 1.7% 4.6% 5.1% 5.5% 7.1% 8.0% Specialty platform OI - % of sales 1.5% 3.2% 4.3% 5.3% 8.4% 8.0% PP&S operating OI - % of sales 5.5% 6.1% 3.1% 5.0% 7.0% 7.2% Distribution OI - % of sales 2.6% 3.0% 3.5% 4.0% 4.6% 5.6% PolyOne OI adjusted - % of sales 3.3% 3.3% 2.6% 2.8% 5.6% 6.3% Platform sales and operating income (OI) 2012Y 2012PF Global Specialty Engineered Materials Sales $ 543.6 $ 779.5 Global Color, Additives and Inks Sales 703.5 753.8 Designed Structures & Solutions 847.4 Specialty Platform Sales $ 1,247.1 $ 2,380.7 Performance Products and Solutions Sales 837.0 902.8 PolyOne Distribution Sales 1,030.3 1,030.3 Corporate and Eliminations (121.8) (121.8) Total Sales $ 2,992.6 $ 4,192.0 Global Specialty Engineered Materials OI $ 47.0 Global Color, Additives and Inks OI 66.8 Specialty Platform OI $ 113.8 Performance Products and Solutions OI 74.9 PolyOne Distribution OI 66.0 Corporate and eliminations (33.7) Special items in OI (53.9) Operating income - GAAP $ 167.1 Special items in OI 53.9 Operating income adjusted $ 221.0 Global Specialty Engineered Materials - OI % of sales 8.6% Global Color, Additives and Inks - OI % of sales 9.5% Specialty platform OI % of sales 9.1% PP&S operating OI % of sales 9.0% Distribution OI % of sales 6.4% PolyOne OI adjusted, % of sales 7.4% Adjusted EPS 2006Y 2007Y 2008Y 2009Y 2010Y 2011Y 2012Y Net Income attributable to PolyOne common shareholders $ 130.9 $ 40.9 $ (417.0) $ 106.7 $ 162.6 $ 172.6 $ 71.9 SunBelt equity earnings, after tax (68.5) (26.1) (20.8) (19.0) (14.7) (3.7) - Special items, after tax (21.2) 41.4 310.0 (31.0) 15.8 (30.5) 35.7 Tax adjustments (30.0) (30.7) 147.2 (44.9) (88.3) (42.3) 0.5 Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 75.4 $ 96.1 $ 108.1 Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3 89.8 Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.79 $ 1.02 $ 1.20 Average Debt Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Average PolyOne Debt $ 707.0 $ 706.4 $ 705.8 $ 705.2 $ 706.9 $ 706.3 Average Equity Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Average PolyOne shareholders’ equity $ 588.3 $ 611.3 $ 604.3 $ 629.3 $ 629.1 $ 612.5 Adjusted EBITDA 2012 PolyOne Income before income taxes $ 113.0 PolyOne Interest expense, net 50.8 PolyOne Depreciation and amortization 69.8 PolyOne Special items in EBITDA 55.1 PolyOne Adjusted EBITDA $ 288.7 Pro forma Spartech EBITDA * 56.3 Pro forma EBITDA * $ 345.0 * Amount excludes expected synergies.
https://www.avient.com/sites/default/files/2022-02/Additives and Colorants for Stadium and Arena Seats Application Bulletin.pdf
UV STABILIZER/COLOR COMBINATIONS • Combines color and UV stabilization for use in PP and PA • Ingredients screened with accelerated weather testing* • Excellent weather resistance properties (against chalking, embrittlement) • Long-term colorfastness and light stability UV STABILIZER/FLAME RETARDANT/ COLOR COMBINATIONS • Combines low halogen flame retardants, UV stabilizers and color for use in PP and PA • Ingredients screened with accelerated weather testing* • Excellent weather resistance properties (against chalking, embrittlement) • Compliant with local fire standards (e.g.: AFNOR M 2 in France, DIN 4102 B 2 – B 1 in Germany, UNI 8457 – 9174 C 1 in Italy, BKZ 5.2 in Switzerland, BS 5852.1990 CRIB 3-5 in UK)** • Standard portfolio available for PP injection molded applications APPLICATION BULLETIN * Laboratory weathering testing may not be determinative of all conditions of use; the end user must determine suitability of a product for its intended use ** Contact us for more information on regulatory compliance Copyright © 2022, Avient Corporation.
This literature shall NOT operate as permission, recommendation, or inducement to practice any patented invention without permission of the patent owner. 1.844.4AVIENT www.avient.com STANDARD COLOR PORTFOLIO FOR INJECTION MOLDED PP SEATS Colors may vary from actual color shown.
https://www.avient.com/sites/default/files/2022-12/Mevopur Healthcare Colorants and Formulations_Functional Additives for IVD Devices Bulletin.pdf
FUNCTIONALITY TARGET APPLICATIONS BLOOD COLLECTION REAGENT CONTAINERS/ KITS PIPETTE/ LABWARE SELF-TESTING/ POCT INSTRUMENT/ ACCESSORIES Colorants for coding for lab automation/ identification Wide range of colors in various polymers, available in ready-to-use formulation or concentrate adapted to your process Colors – low migration/ interference Ready-to-use formulation to avoid interference with analytical tests; extractable metal data Colors – biologically evaluated Reduced risk of non compliance to current and proposed regulations such as IVDR Color in PP, ABS, PC and high temperature polymers with UL listings Ready-to-use solutions/concentrates supporting Underwriters Laboratory requirements of electric enclosures Antistatic for PP, ABS, PC/ABS Permanent/non-migrating ready-to-use formulation; fast decay time independent of % relative humidity Clarifying PP Sorbitol-free, minimizing potential migration Laser marking for UDI replacing ink printing/labels Activation of the polymer to laser energy give high contrast solvent-free, high speed identification Laser welding for fast, reliable assembly of a range of polymers Custom concentrates and ready-to-use formulations for optically transparent and opaque colors while allowing laser transmission/absorption Nucleation of semicrystalline polymers e.g.
HDPE, PP, POM Fast acting new generation nucleant for PE and PP; improved dimensional stability, thermal and mechanical properties Protection from moisture for improved barrier Reduced Moisture Vapor Transmission Rate (MVTR) HDPE ready-to-use formulation; moisture absorbing concentrates Protection from oxygen scavenging in PET Reduced transmission of oxygen vacuum loss in BCT (blood collection tubes) and protect reagents from oxygen degradation Protection from UV in transparent containers (PP, PE, PETG, COP) UV blocking in 290–450nm with no impact on clarity; protection of light sensitive reagents Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/resources/HIGH_PERFORMANCE_CLEAR_THERMOPLASTICS_ELASTOMER.pdf
One example is such a blend is SEBS with polypropylene (PP).
PP is compatible with midblock of SEBS.
Figure 1 shows the TEM of two of SEBS/oil/PP compound (1).
https://www.avient.com/products
Remafin™ Fiber Colorants for PP
Long Glass Fiber Reinforcement
Remafin™ Fiber Colorants for PP
https://www.avient.com/sites/default/files/2023-08/Complet - Aftermarket Motor Mount - case study snapshot.pdf
AFTERMARKET PARTS MANUFACTURER M O T O R M O U N T • Reduced part weight with retained performance • High strength • Corrosion resistance • Fatigue resistance • Facilitated lightweighting with a long glass fiber PA66 composite that matched the performance of the incumbent metal part • Met strength and corrosion requirements while achieving cost savings and reduced processing steps versus a die cast aluminum part • Relieved performance fears with mold flow analysis and hands-on technology support • Sampled quickly to accelerate speed to market KEY REQUIREMENTS METAL REPLACEMENT LEARN MORE WHY AVIENT?
https://www.avient.com/sites/default/files/2023-05/complet-lft-automotive-aftermarket-side-step-application-snapshot-1.pdf
AFTERMARKET PARTS MANUFACTURER S I D E S T E P • High strength • Low moisture absorbance, reduced warpage • Pleasing cosmetic finish • Strong flexural modulus • Offered long fiber thermoplastic (LFT) with 3x the strength of the incumbent short fiber material without a need for retooling • Resolved major disadvantage of moisture uptake with a moisture-resistant PA66 LFT formulation • Facilitated part consolidation and design freedom • Modeled performance of long glass fiber design with advanced testing capabilities (FEA, moldflow, burnoff) Complēt™ Long Fiber Reinforced Structural Thermoplastics KEY REQUIREMENTS WHY AVIENT AVIENT SOLUTION STRENGTH + PART CONSOLIDATION LEARN MORE Copyright © 2023, Avient Corporation.