https://www.avient.com/sites/default/files/resources/POL%2520Credit%2520Suisse%2520IR%2520Presentation%2520w%2520non-GAAP%25209%252017%25202013.pdf
EPS: $2.50
Assumptions
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Completion of 2-3 midsize
accretive acquisitions
• Housing starts at 85% of 50 year
norm by 2015
• Mid single digit revenue CAGR
• Remain comfortably below 3X Net
Debt / EBITDA
Page 11
2012
Rev: $2.9B
Adj.
EPS: $1.00
$0.54
$0.68
$0.30
$0.45
$0.60
$0.75
H1'12 H1'13
Adjusted EPS
$101.0
$132.6
$50.0
$100.0
$150.0
H1'12 H1'13
Adjusted Operating Income
(millions)
+31%
$68.6
$97.7
$50.0
$75.0
$100.0
H1'12 H1'13
Specialty Operating Income
(millions)
First Half 2013 Financial Highlights
• Adjusted EPS increased 26% over prior
year first half
• Operating Income expanded 31%
versus first half 2012
• Specialty operating income up 42%
• Revenue grew 22% versus 1H ‘12
• Portfolio transformation activities
Completed acquisition of Spartech
Divested non-core Resin business
+26%
+42%
Page 12
• Significant Debt Maturities $ 1,010
Other Debt 21
• Total Debt at 6/30/13
Less: Cash
Net Debt
• Available Liquidity
Cash
ABL Availability
Total Liquidity
• Net Debt / EBITDA = 1.9x
• Net Debt / EBITDA = 2.1x*(tax adjusted)
$392
310
$702
$1,031
392
$639
$50
$360
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of June 30, 2013
($ millions)
Page 13
Coupon Rates: 7.500% 7.375% 5.250%
*Pro Forma TTM for taxes on resin gain
Debt Maturities & Liquidity Summary – 6/30/13
Cash Balance = $392M
Net Debt / EBITDA* = 1.9x
• Repurchased
~3.0M shares
YTD in 2013
• 17 million shares
are available for
repurchase under
the current
authorization
Share
Repurchase
• Introduced a
quarterly dividend
in Q1 2011 and
increased in Q1
2012 (25%) and
Q1 2013 (20%)
• Objective of
maintaining and
growing
Dividends
• Expanding our
sales, marketing,
and technical
capabilities is top
priority
• Investing in
operational and
LSS initiatives
(including synergy
capture)
• CAPEX
Organic
Growth
• Targets that expand our:
• Specialty offering
• End market presence
• Geographic footprint
• Synergy opportunities
• Adjacent material solutions
• North American
manufacturing alignment
Acquisitions
*TTM 6/30/2013
Use of Cash
Page 14
Why Invest In PolyOne?
Net debt $ 638.8
Adjusted EBITDA Q3 2012 Q4 2012 Q1 2013 Q2 2013 Total
PolyOne Income before income taxes $ 30.6 $ (1.1) $ 15.7 $ 62.9 $ 108.1
PolyOne Interest expense, net 12.4 13.7 15.6 16.6 58.3
PolyOne Depreciation and amortization 17.0 15.5 19.0 25.8 77.3
PolyOne Special items in EBITDA 8.3 26.5 27.7 (5.2) 57.3
PolyOne Adjusted EBITDA 68.3 54.6 78.0 100.1 301.0
Pro forma Spartech EBITDA 16.8 14.7 11.2 - 42.7
Pro forma EBITDA $ 85.1 $ 69.3 $ 89.2 $ 100.1 $ 343.7
PolyOne Investor Presentation�Credit Suisse 26th Annual Chemical and Ag Science Conference��September 17th, 2013�
Forward – Looking Statements
Use of Non-GAAP Measures
Strategy and Execution Drive Results
Four Pillar Strategy
PolyOne�At A Glance
Mix Shift Highlights Specialty Transformation
Proof of Performance & 2015 Goals
Innovation Drives Earnings Growth
We are Experts in Polymer Science and Formulation
Positioned for Strong Growth
First Half 2013 Financial Highlights
Debt Maturities & Liquidity Summary – 6/30/13
Use of Cash
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/PolyOne%2520Investor%2520Presentation%2520Jefferies%25202013%2520Global%2520Industrial%2520Conference_Posting.pdf
EPS: $2.50
Assumptions
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Completion of 2-3 midsize
accretive acquisitions
• Housing starts at 85% of 50 year
norm by 2015
• Mid single digit revenue CAGR
• Remain comfortably below 3X Net
Debt / EBITDA
Page 11
2012
Rev: $2.9B
Adj.
EPS: $1.00
$0.54
$0.68
$0.30
$0.45
$0.60
$0.75
H1'12 H1'13
Adjusted EPS
$101.0
$132.6
$50.0
$100.0
$150.0
H1'12 H1'13
Adjusted Operating Income
(millions)
+31%
$68.8
$97.7
$50.0
$75.0
$100.0
H1'12 H1'13
Specialty Operating Income
(millions)
First Half 2013 Financial Highlights
• Adjusted EPS increased 26% over prior
year first half
• Operating Income expanded 31%
versus first half 2012
• Specialty operating income up 42%
• Revenue grew 22% versus 1H ‘12
• Portfolio transformation activities
Completed acquisition of Spartech
Divested non-core Resin business
+26%
+42%
Page 12
• Significant Debt Maturities $ 1,010
Other Debt 21
• Total Debt at 6/30/13
Less: Cash
Net Debt
• Available Liquidity
Cash
ABL Availability
Total Liquidity
• Net Debt / EBITDA = 1.9x*
• Net Debt / EBITDA = 2.1x*(tax adjusted)
$392
310
$702
$1,031
392
$639
$50
$360
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of June 30, 2013
($ millions)
Page 13
Coupon Rates: 7.500% 7.375% 5.250%
*Pro Forma TTM
Debt Maturities & Liquidity Summary – 6/30/13
Cash Balance = $392M
Net Debt / EBITDA* = 1.9x
• Repurchased
~3.0M shares
YTD in 2013
• 17 million shares
are available for
repurchase under
the current
authorization
Share
Repurchase
• Introduced a
quarterly dividend
in Q1 2011 and
increased in Q1
2012 (25%) and
Q1 2013 (20%)
• Objective of
maintaining and
growing
Dividends
• Expanding our
sales, marketing,
and technical
capabilities is top
priority
• Investing in
operational and
LSS initiatives
(including synergy
capture)
• CAPEX
Organic
Growth
• Targets that expand our:
• Specialty offering
• End market presence
• Geographic footprint
• Synergy opportunities
• Adjacent material solutions
• North American
manufacturing alignment
Acquisitions
*TTM 6/30/2013
Use of Cash
Page 14
Why Invest In PolyOne?
Net debt $ 638.8
Adjusted EBITDA Q3 2012 Q4 2012 Q1 2013 Q2 2013 Total
PolyOne Income before income taxes $ 30.6 $ (1.1) $ 15.7 $ 62.9 $ 108.1
PolyOne Interest expense, net 12.4 13.7 15.6 16.6 58.3
PolyOne Depreciation and amortization 17.0 15.5 19.0 25.8 77.3
PolyOne Special items in EBITDA 8.3 26.5 27.7 (5.2) 57.3
PolyOne Adjusted EBITDA 68.3 54.6 78.0 100.1 301.0
Pro forma Spartech EBITDA 16.8 14.7 11.2 - 42.7
Pro forma EBITDA $ 85.1 $ 69.3 $ 89.2 $ 100.1 $ 343.7
PolyOne Investor Presentation�Jefferies 2013 Global Industrials Conference��August 13, 2013�
Forward – Looking Statements
Use of Non GAAP Measures
Strategy and Execution Drive Results
Four Pillar Strategy
PolyOne�At A Glance
Mix Shift Highlights Specialty Transformation
Proof of Performance & 2015 Goals
Innovation Drives Earnings Growth
We are Experts in Polymer Science and Formulation
Positioned for Strong Growth
First Half 2013 Financial Highlights
Debt Maturities & Liquidity Summary – 6/30/13
Use of Cash
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2021-09/mevopur-colors-and-additives-for-ivd-devices-application-bulletin-cn.pdf
功能 目标应用 血液采集 试剂容器/
试剂盒
移液器/
器具 设备/配件
即用型配方避免对分析测试的干扰;
可萃取金属数据
聚合物对激光能量的激活可提供高
对比度、无溶剂的
高速鉴别
定制母粒和即用型配方可提供
透明和不透明颜色,同时允许激光
传输/吸收
PE和PP的新一代快速成核剂;提
高尺寸稳定性,热性能和机械性能
降低湿蒸汽透过率(MVTR)
HDPE即用型配方
吸湿母粒
减少 BCT(血液收集管)中因氧传
输造成的真空损失,并保护试剂免
受氧化降解
在290-450nm波长范围内阻挡紫
外线,对透明度没有影响;保护光
敏试剂
自检/即时检验
(POCT)
用于实验室自动化/
鉴别编码的着色剂
颜色—低迁移/减
低干扰
颜色—生物相容
性评估
透明PP
PP、ABS、
PC/ABS的抗静电
性能
激光焊接可
快速、可靠地组装
一系列聚合物
半结晶聚合物
的成核剂,例如
HDPE、PP、POM
防止氧气进入的
PET吸氧剂
透明容器(PP、
PE、PETG、COP)
中的紫外光防护
防潮以改善屏障
激光打标的UDI替
代油墨印刷/贴标
PP、ABS、PC和
高温聚合物的颜
色,符合UL认证
为各种聚合物提供多种颜色,能够
为您的工艺提供适用的即用型配方
或母粒
降低不符合现行和拟定法规(如
IVDR)的风险
即用型解决方案/母粒支持针对电器
外壳的UL要求
永久性/非迁移性即用型配方;不受
相对湿度(%)影响的快速静电衰
减时间
不含山梨醇,最大限度地减少潜在
迁移
1.844.4AVIENT
www.avient.com
版权所有© 2021埃万特公司。
在不限制本声明的一般性的情况下,不得将埃万特的产品用于旨在用于以下目的的任何医疗器械应用:
(1) 接触人体组织或体液长达30天或更长时间;
(2)“整形”(整容或重建)手术;
(3) 生殖植入物或任何节育器械;或者
(4) 用于支持或维持人类生命的永久性(超过30天)植入式医疗器械中的任何关键组件。
https://www.avient.com/sites/default/files/2020-12/resound-om-technical-bulletin_0.pdf
Available in four overmolding grades compatible
with polypropylene (PP), and one grade that is
suited for overmolding onto ABS, all grades are
formulated for durability, delivering property
retention and UV resistance comparable to
traditional TPEs.
Peel (N/mm) 3.2 2.9 3.2 3.2 3.1 3.2 3.1
Failure Mode Cohesive Cohesive Cohesive Cohesive Cohesive Cohesive Cohesive
KEY PROPERTIES AND OVERMOLD PERFORMANCE
reSound™ OM 5510 grades for overmolding onto PP and reSound OM 5520 for ABS
reSound OM
5510-30N
reSound OM
5510-45N
reSound OM
5510-60N
reSound OM
5510-70N
reSound OM
5520-55N
Bio-derived Content (%) 40% 40% 50% 50% 49%
Hardness, Shore A 30 45 60 70 54
Specific Gravity 0.88 0.88 0.89 0.89 0.95
50% Modulus, PSI 96 153 247 384 258
100% Modulus, PSI 137 251 343 462 353
Tensile Strength, PSI 264 438 625 608 637
Elongation, % 280 215 306 271 319
Tear Strength, PLI 58 84 109 132 146
OM Substrate PP PP PP PP ABS
OM Avg.
Peel, PLI 12 19 23 20 19
reSound OM 5510 for PP
reSound OM 5510-60N Room Temperature 70C
Bio-derived Content (%) 50% 50% 50% 50% 50% 50% 50%
Hardness, Shore A 60 60 60 60 60 60 60
Specific Gravity 0.89 0.89 0.89 0.89 0.89 0.89 0.90
50% Modulus, PSI 247 241 244 251 234 244 240
100% Modulus, PSI 343 333 338 339 321 331 326
Tensile Strength, PSI 625 621 647 610 633 662 642
Elongation, % 306 314 309 313 312 315 315
Tear Strength, PLI 109 108 113 113 111 117 115
reSound OM 5520-55N Room Temperature 70C
Bio-derived Content (%) 49% 49% 49% 49% 49% 49% 49%
Hardness, Shore A 54 54 55 55 54 55 56
Specific Gravity 0.95 0.95 0.96 0.96 0.95 0.96 0.96
50% Modulus, PSI 258 256 256 265 266 271 257
100% Modulus, PSI 353 355 357 362 373 379 367
Tensile strength, PSI 637 615 637 669 651 674 642
Elongation, % 319 315 319 333 313 319 315
Tear Strength, PLI 146 136 133 142 137 138 141
reSound OM 5510-45N Room Temperature 70C
Bio-derived Content (%) 40% 40% 40% 40% 40% 40% 40%
Hardness, Shore A 45 46 47 46 46 45 45
Specific Gravity 0.88 0.89 0.89 0.89 0.89 0.89 0.90
50% Modulus, PSI 153 158 154 162 137 136 133
100% Modulus, PSI 251 259 259 261 226 222 218
Tensile Strength, PSI 438 481 451 495 417 470 486
Elongation, % 215 240 211 243 204 227 238
Tear Strength, PLI 84 81 87 82 83 85 84
AGING – PROPERTY RETENTION
• Tested at room temperature and 70° C for comparison • Hardness, tensile strength elongation and modulus
showed great retention
Overmolding onto PP
Overmolding onto ABS
RHEOLOGY
Suitable for injection molding and overmolding
1.0
10 100 1000 10000 100000
10.0
100.0
1000.0
reSound OM 5510-30N
reSound OM 5510-45N
reSound OM 5510-60N
reSound OM 5510-70N
Shear Rate, 1/s
Ca
pi
lla
ry
V
is
co
si
ty
, P
a*
s
1.0
10 100 1000 10000 100000
10.0
100.0
1000.0
reSound OM 5520-55N
Shear Rate, 1/s
Ca
pi
lla
ry
V
is
co
si
ty
, P
a*
s
Capillary viscosity at 200°C
Capillary viscosity at 200°C
reSound OM 5510 for PP
reSound OM 5520 for ABS
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-09/surround-processing-guide-2020.pdf
TEMPERATURE
Material Rear
Center
Front
Nozzle
Melt
Mold
Nylon 6,6
540–570
530–560
530–560
540–570
540–570
200–300
(90–150)
Nylon 6,6
30% SS
540–570
530–560
530–560
540–570
540–570
200–300
(90–150)
PBT
510–410
(265–280)
490–540
(255–280)
480–530
480–530
480–530
150–250
(65–120)
PC
14% NiCF
540–570
540–570
530–560
530–560
530–560
150–250
(65–120)
ABS
470–520
460–520
460–520
460–530
(240–275)
460–530
(240–275)
100–200
(40–90)
PP
440–480
(225–250)
440–480
(225–250)
430–470
(220–245)
420–460
(215–240)
420–460
(215–240)
125–175
(50–80)
DRYING
Material Temperature
°F (°C) Time Minimum
Moisture
Maximum
Moisture
Nylon 6,6
14% NiCF 180 (80) 4–5 hours 0.05% 0.20%
Nylon 6,6
30% SS 180 (80) 4–5 hours 0.05% 0.20%
PBT
14% NiCF 250 (120) 6-8 hours 0.02% 0.03%
PC
14% NiCF 250 (120) 3–4 hours 0.02% 0.02%
ABS
14% NiCF 200 (90) 2–4 hours 0.05% 0.10%
PP
14% NiCF 180 (80) 2–4 hours 0.20% 0.30%
Equipment
• Feed throats smaller than 2.5" may cause bridging due to pellet size
- Larger feed throats will be more advantageous with long fiber EMI shielding resins
• General purpose metering screw is recommended
- Mixing/barrier screws are not recommended
• L/D ratio
- 18:1–20:1 (40% feed, 40% transition, 20% metering)
• Low compression ratio
- 2:1–3:1
• Deep flights recommended
- Metering zone 3.5 mm
- Feed zone 7.5 mm
• Check ring
- Three-piece, free-flowing check ring
• General purpose nozzle (large nozzle tips are recommended)
- Minimum orifice diameter of 7/32"
- Tapered nozzles are not recommended for long fiber EMI shielding resins
• Clamp tonnage:
- 2.5–5 tons/in2
Gates
• Large, free-flow gating recommended
- 0.25" x 0.125" land length
- 0.5" gate depth
Runners
• Full round gate design
• No sharp corners
• Minimum of 0.25" diameter
• Hot runners can be used
PROCESSING
Screw Speed Slower screw speeds are recommended to protect fiber length
Back Pressure Lower back pressure is recommended to protect fiber length
Pack Pressure 60–80% of max injection pressure
Hold Pressure 40–60% of max injection pressure
Cool Time 10–30 seconds (depends on part geometry and dimensional stability)
PROCESS CONSIDERATIONS
Recommended – retain fiber length (maximize conductivity)
• Low shear process
• Low screw speed and screw RPM
• Slow Injection speed
• Fill to 99–100% on first stage of injection
- Reduces potential nesting of fibers at gate location
- Improves mechanical performance near gate location
- Promotes ideal fiber orientation
Resin Rich Surface
• Achieved when using a hot mold temperature and longer cure times
≥ Max mold temperature recommendation
• Improved surface aesthetic
• Reduced surface conductivity
• Could reduce attenuation performance in an assembly
Fiber Rich Surface
• Achieved when using a cold mold temperature and shorter cure times
≤ Minimum mold temperature recommendation
• Improved surface aesthetic
• Reduced surface conductivity
• Could improve attenuation performance in an assembly
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/investor-center/news/avient-announces-second-quarter-2022-results
June 30
June 30
June 30
https://www.avient.com/news/polyone-announces-strong-third-quarter-2014-results
September 30,
9/30/2014
9/30/2013
https://www.avient.com/investor-center/news/polyone-announces-second-quarter-2016-results
Six Months Ended
June 30,
Six Months Ended
June 30,
Six Months Ended
June 30,
https://www.avient.com/resources/safety-data-sheets?page=1400
GRV-NY-077-W-NAT
PG 65641.00 BU PP
PG 65621.00 BU PP
https://www.avient.com/sites/default/files/2020-09/versaflex-pf-final.pdf
VersaflexTM PF
Versaflex PF
VOC
VERSAFLEX PF
VOC
39 LDPE / 13 Versaflex PF
VERSAFLEX PF
39 LDPE / 13 Versaflex PF
N
/2
5
N
/2
5
F = 25 ° C 7 I = 25 ° C 20
MD6741 / MD6700
VERSAFLEX PFTM
+86 021 60284888
www.avient.com
VERSAFLEX™ PF
1 CF6751 PP
2 2420K LDPE
Versaflex™ PF
MD6727
Versaflex™ PF
MD6741
Versaflex™ CF
6751
Versaflex™ PF
MD6649
Versaflex™ PF
9512
Versaflex™ CF
8888N-A
Versaflex™ PF
MD6666
Versaflex™ PF
MD6748
Versaflex™ PF
MD6700
Versaflex™ CF
9000
PP
PVC
Tg (°C) -26 -43 -30 -26 -5 1 -6 0 5 /
(Shore A) 50 49 35 37 38 35 37 31 30 19
MFI (190°C, 2.16kg)
(g/10min)
/ / / 15 5 15 20 3 5 27
MFI (230°C, 2.16kg) 8 20 8 / / / / / / /
1 LDPE 2420k2/LDPE 2420k/Versaflex™ =4.5/4.5/1 ; =50um
(N/25mm)
25°C 20 1.3 1.8 7.9 2.5 2.2 2.7 3.3 3.0 3.7 4.3
75°C 7 5.7 2.9 7.2 3.1 4.0 4.3 4.3 5.5 5.6 /
PMMA
(N/25mm)
25°C 20 1.8 2.0 7.2 2.6 2.8 3.0 3.6 3.3 3.9 4.9
75°C 7 5.5 4.7 7.1 3.5 / 4.7 6.5 5.8 6.9 /