https://www.avient.com/sites/default/files/2021-04/bergamid-electronic-connectors-case-study.pdf
THE IMPACT
Avient’s solution was a unique, nylon-based material that met
the all of the application’s performance requirements.
After
evaluating and approving the material’s physical properties,
the manufacturer also requested that it was formulated to
be flame-retardant.
Testing by the manufacturer of the material
produced in Asia showed that it per formed identically to that
made in the United States.
https://www.avient.com/sites/default/files/2022-04/Versaflex XP Wet Grip Product Bulletin_NEW.pdf
Tested against commonly used wet grip materials,
the Versaflex XP 2850 material demonstrated
exceptional wet kinetic COF performance—
showing more than a 100% improvement over the
competition—and better dry COF performance as
well.
In addition to enhanced tackiness, this specialty
material offers excellent abrasion and UV resistance,
plus a skin-safe, non-abrasive finish.
Processing conditions can cause material properties to shift from the values stated in the information.
https://www.avient.com/sites/default/files/2022-05/Liquid Color PVC Pipe Product Industry Overview.pdf
Finely dispersed TiO2, and color
distribution with precision dosing, drive consistency,
material efficiency, and sustainable consumption.
Processing conditions can cause material properties to shift from the values stated in the information.
Avient is a premier provider of specialized and sustainable material
solutions and services that transform customer challenges into
opportunities.
https://www.avient.com/sites/default/files/2020-08/bottle-optimization-brochure-8.5x11.pdf
Material reduction
• Increased regrind content
• Sustainable materials
5
• Extended useful life
• Reduce energy use during conversion
MEET REGULATORY COMPLIANCE
Trust us to help you meet or exceed today’s stringent compliance standards across the globe.
Our materials contain ingredients that conform to accepted legal and regulatory compliance
guidelines
Processing conditions can cause material properties to shift from the values stated in the information.
https://www.avient.com/sites/default/files/2023-05/Nymax - Utility Box - Application Snapshot.pdf
LEARN MORE
INDUSTRIAL
HOUSING OEM
U T I L I T Y B O X S T I F F E N E R
• Meet material stiffness requirement of 12,000 MPa flex
modulus
• Stable raw material supply
• Formulated a solution that meets economic
and mechanical property requirements
• Quickly sampled and qualified the new
material at multiple facilities
• Enabled manufacturing at scale by using
packaging that minimized moisture uptake
during transit and storage
• Provided a stable supply of post-industrial
recycled (PIR) PA66 to offset prime PA66
Nymax™ REC Glass-Filled Formulation
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
PERFORMANCE + MATERIAL SUPPLY
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2021-10/gravi-tech-perfume-cap-one-page-case-study.pdf
COSMETIC PACKAGING
MANUFACTURER
P E R F U M E C A P
• A weighted material with a metallic finish
• A material that could be injection molded into a premium
perfume cap
• Formulated a weighted material with 2.0 specific
gravity that is FDA approved
• Enabled customer to enter the premium
packaging market, typically reserved for metal
working converters
• Provided a material that could be injection molded
• Provided metallic finish aesthetic with cool touch
haptics
Gravi-Tech™ Density Modified Formulation
KEY REQUIREMENTS
WEIGHT + PROCESSABILITY
LEARN MORE
Copyright © 2021, Avient Corporation.
https://www.avient.com/sites/default/files/2021-10/gravi-tech-tequila-cap-one-page-case-study.pdf
GLOBAL CLOSURES
PRODUCER
T E Q U I L A C A P
• A weighted material that could be injection molded
• A material with evenly distributed weight
• Suitable for over molding with a TPE to be used as a
stopper in a tequila bottle
• Formulated a 2.5 specific gravity weighted
PP material that is FDA approved
• Simplified processing steps and created an
evenly balanced closure that was over-
molded with a TPE
• Expedited development of material to meet
customer deadline
Gravi-Tech™ Density Modified Formulation
KEY REQUIREMENTS
WEIGHT + PROCESSABILITY
LEARN MORE
Copyright © 2021, Avient Corporation.
https://www.avient.com/sites/default/files/resources/POL%2520Credit%2520Suisse%2520IR%2520Presentation%2520w%2520non-GAAP%25209%252017%25202013.pdf
They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual
results to differ materially from those expressed in or implied by the forward-looking statements.
Platform sales and operating income (OI) 2006Y* 2008Y* 2010Y* 2012Y* 2012PF**
Global Specialty Engineered Materials Sales $ 345.3 $ 514.0 $ 517.4 $ 543.6 $ 773.0
Global Color, Additives and Inks Sales 531.8 554.3 527.4 703.5 828.5
Designed Structures and Solutions - - - - 850.6
Specialty Platform Sales $ 877.1 $ 1,068.3 $ 1,044.8 $ 1,247.1 $ 2,452.1
Performance Products and Solutions Sales 1,166.2 1,001.4 776.3 837.0 696.1
PolyOne Distribution Sales 732.8 796.7 911.9 1,030.3 1,030.3
Corporate and Eliminations (153.7) (127.7) (111.1) (121.8) (121.6)
Total Sales $ 2,622.4 $ 2,738.7 $ 2,621.9 $ 2,992.6 $ 4,056.9
Global Specialty Engineered Materials OI $ 3.9 $ 17.6 $ 49.7 $ 47.0 $ 47.7
Global Color, Additives and Inks OI 8.9 28.1 37.7 66.8 81.6
Designed Structures & Solutions OI - - - - 20.9
Specialty Platform OI $ 12.8 $ 45.7 $ 87.4 $ 113.8 $ 150.2
Performance Products and Solutions OI 64.2 31.3 54.0 74.9 37.4
PolyOne Distribution OI 19.2 28.1 42.0 66.0 66.0
Sunbelt Joint Venture OI 102.9 28.6 18.9 - -
Corporate and eliminations (4.6) (28.9) (32.5) (33.7) (40.0)
Special items in OI 39.1 (396.2) 4.8 (53.9) (53.9)
Operating income (loss) GAAP $ 233.6 $ (291.4) $ 174.6 $ 167.1 $ 159.7
Sunbelt equity income (107.0) (32.5) (23.1) - -
Special items in OI (39.1) 396.2 (4.8) 53.9 53.9
Operating income adjusted $ 87.5 $ 72.3 $ 146.7 $ 221.0 $ 213.6
Global Specialty Engineered Materials - OI % of sales
1.1%
3.4%
9.6% 8.6% 6.1%
Global Color, Additives and Inks - OI % of sales 1.7% 5.1% 7.1% 9.5% 9.8%
Designed Structures & Solutions – OI % of sales - - - - 2.5%
Specialty platform OI - % of sales 1.5% 4.3% 8.4% 9.1% 6.1%
PP&S operating OI - % of sales 5.5% 3.1% 7.0% 9.0% 5.4%
Distribution OI - % of sales 2.6% 3.5% 4.6% 6.4% 6.4%
PolyOne OI adjusted - % of sales 3.3% 2.6% 5.6% 7.4% 5.3%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and exclude the Resin business assets.
*** Restated results to exclude the Resin business and to remove Specialty Coatings from the Performance Products and Solutions segment into
Global Color, Additives and Inks segment.
Average Debt Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Average
PolyOne Debt $ 705.8 $ 705.2 $ 706.9 $ 1,055.5 $ 1,031.2 $ 840.9
Average Equity Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Average
PolyOne shareholders’ equity $ 604.3 $ 629.3 $ 629.1 $ 871.8 $ 993.9 $ 745.7
Platform sales and operating income (OI) H1 2012*** H1 2013*** H1 2013****
Global Specialty Engineered Materials Sales $ 280.9 $ 352.0 $ 285.1
Global Color, Additives and Inks Sales 413.9 434.7 409.2
Designed Structures & Solutions Sales - 240.4 -
Specialty Platform Sales $ 694.8 $ 1,027.1 $694.3
Performance Products and Solutions Sales 336.0 336.7 317.5
PolyOne Distribution Sales 533.6 543.1 543.1
Corporate and Eliminations (62.3) (68.2) (68.2)
Total Sales $ 1,502.1 $ 1,838.7 $ 1,486.7
Global Specialty Engineered Materials OI $ 24.6 $ 32.5 $ 31.2
Global Color, Additives and Inks OI 44.0 54.7 52.0
Designed Structures & Solutions OI - 10.5 -
Specialty Platform OI $ 68.6 $ 97.7 $ 83.2
Performance Products and Solutions OI 19.3 27.5 25.7
PolyOne Distribution OI 33.4 33.1 33.1
Corporate and eliminations (20.3) (25.7) (20.3)
Special items in OI (20.3) (11.4) (20.3)
Operating income - GAAP $ 80.7 $ 121.2 $ 101.4
Special items in OI 20.3 11.4 20.3
Operating income adjusted $ 101.0 $ 132.6 $ 121.7
Global Specialty Engineered Materials - OI % of sales
8.8% 9.2% 10.9%
Global Color, Additives and Inks - OI % of sales 10.6% 12.6% 12.7%
Designed Structures & Solutions - OI % of sales - 4.4% -
Specialty platform - OI % of sales 9.9% 9.5% 12.0%
PP&S operating - OI % of sales 5.7% 8.2% 8.1%
Distribution OI - % of sales 6.3% 6.1% 6.1%
PolyOne OI adjusted - % of sales 6.7% 7.2% 8.2%
Reconciliation to Condensed Consolidated Balance Sheets H1 2013
Short-term debt and current portion of long-term debt $ 8.7
Long-term debt 1,022.5
Less cash and cash equivalents (392.4)
Specialty Platform Gross Margin Percentage 2006Y* Q2 2013****
Global Specialty Engineered Materials Sales $ 345.3 $ 143.5
Global Color, Additives and Inks Sales 531.8 207.5
Specialty Platform Sales $ 877.1 $ 351.0
Global Specialty Engineered Materials Gross Margin $ 41.6 $ 37.3
Global Color, Additives and Inks Gross Margin 83.6 71.8
Specialty Platform Gross Margin $ 125.2 $ 109.1
Specialty Platform Gross Margin Percentage 14.3% 31.1%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Investor%2520Presentation%2520Jefferies%25202013%2520Global%2520Industrial%2520Conference_Posting.pdf
They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual
results to differ materially from those expressed in or implied by the forward-looking statements.
Platform sales and operating income (OI) 2006Y* 2008Y* 2010Y* 2012Y* 2012PF**
Global Specialty Engineered Materials Sales $ 345.3 $ 514.0 $ 517.4 $ 543.6 $ 773.0
Global Color, Additives and Inks Sales 531.8 554.3 527.4 703.5 828.5
Designed Structures and Solutions - - - - 850.6
Specialty Platform Sales $ 877.1 $ 1,068.3 $ 1,044.8 $ 1,247.1 $ 2,452.1
Performance Products and Solutions Sales 1,166.2 1,001.4 776.3 837.0 696.1
PolyOne Distribution Sales 732.8 796.7 911.9 1,030.3 1,030.3
Corporate and Eliminations (153.7) (127.7) (111.1) (121.8) (121.6)
Total Sales $ 2,622.4 $ 2,738.7 $ 2,621.9 $ 2,992.6 $ 4,056.9
Global Specialty Engineered Materials OI $ 3.9 $ 17.6 $ 49.7 $ 47.0 $ 47.7
Global Color, Additives and Inks OI 8.9 28.1 37.7 66.8 81.6
Designed Structures & Solutions OI - - - - 20.9
Specialty Platform OI $ 12.8 $ 45.7 $ 87.4 $ 113.8 $ 150.2
Performance Products and Solutions OI 64.2 31.3 54.0 74.9 37.4
PolyOne Distribution OI 19.2 28.1 42.0 66.0 66.0
Sunbelt Joint Venture OI 102.9 28.6 18.9 - -
Corporate and eliminations (4.6) (28.9) (32.5) (33.7) (40.0)
Special items in OI 39.1 (396.2) 4.8 (53.9) (53.9)
Operating income (loss) GAAP $ 233.6 $ (291.4) $ 174.6 $ 167.1 $ 159.7
Sunbelt equity income (107.0) (32.5) (23.1) - -
Special items in OI (39.1) 396.2 (4.8) 53.9 53.9
Operating income adjusted $ 87.5 $ 72.3 $ 146.7 $ 221.0 $ 213.6
Global Specialty Engineered Materials - OI % of sales
1.1%
3.4%
9.6% 8.6% 6.1%
Global Color, Additives and Inks - OI % of sales 1.7% 5.1% 7.1% 9.5% 9.8%
Designed Structures & Solutions – OI % of sales - - - - 2.5%
Specialty platform OI - % of sales 1.5% 4.3% 8.4% 9.1% 6.1%
PP&S operating OI - % of sales 5.5% 3.1% 7.0% 9.0% 5.4%
Distribution OI - % of sales 2.6% 3.5% 4.6% 6.4% 6.4%
PolyOne OI adjusted - % of sales 3.3% 2.6% 5.6% 7.4% 5.3%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and exclude the Resin business assets.
*** Restated results to exclude the Resin business and to remove Specialty Coatings from the Performance Products and Solutions segment into
Global Color, Additives and Inks segment.
Average Debt Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Average
PolyOne Debt $ 705.8 $ 705.2 $ 706.9 $ 1,055.5 $ 1,031.2 $ 840.9
Average Equity Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Average
PolyOne shareholders’ equity $ 604.3 $ 629.3 $ 629.1 $ 871.8 $ 993.9 $ 745.7
Platform sales and operating income (OI) H1 2012*** H1 2013***
Global Specialty Engineered Materials Sales $ 280.9 $ 352.0
Global Color, Additives and Inks Sales 413.9 434.7
Designed Structures & Solutions Sales - 240.4
Specialty Platform Sales 694.8 1,027.1
Performance Products and Solutions Sales 336.0 336.7
PolyOne Distribution Sales 533.6 543.1
Corporate and Eliminations (62.3) (68.2)
Total Sales $ 1,502.1 $ 1,838.7
Global Specialty Engineered Materials OI $ 24.6 $ 32.5
Global Color, Additives and Inks OI 44.0 54.7
Designed Structures & Solutions OI - 10.5
Specialty Platform OI $ 68.6 $ 97.7
Performance Products and Solutions OI 19.3 27.5
PolyOne Distribution OI 33.4 33.1
Corporate and eliminations (20.3) (25.7)
Special items in OI (20.3) (11.4)
Operating income - GAAP $ 80.7 $ 121.2
Special items in OI 20.3 11.4
Operating income adjusted $ 101.0 $ 132.6
Global Specialty Engineered Materials - OI % of sales
8.8% 9.2%
Global Color, Additives and Inks - OI % of sales 10.6% 12.6%
Designed Structures & Solutions – OI % of sales - 4.4%
Specialty platform OI % of sales 9.9% 9.5%
PP&S operating OI % of sales 5.7% 8.2%
Distribution OI % of sales 6.3% 6.1%
PolyOne OI adjusted, % of sales 6.7% 7.2%
Reconciliation to Condensed Consolidated Balance Sheets H1 2013
Short-term debt and current portion of long-term debt $ 8.7
Long-term debt 1,022.5
Less cash and cash equivalents (392.4)
Specialty Platform Gross Margin Percentage 2006Y* Q2 2013****
Global Specialty Engineered Materials Sales $ 345.3 $ 143.5
Global Color, Additives and Inks Sales 531.8 207.5
Specialty Platform Sales $ 877.1 $ 351.0
Global Specialty Engineered Materials Gross Margin $ 41.6 37.3
Global Color, Additives and Inks Gross Margin 83.6 71.8
Specialty Platform Gross Margin $ 125.2 $ 109.1
Specialty Platform Gross Margin Percentage 14.3% 31.1%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
https://www.avient.com/sites/default/files/resources/Gabelli%2520Conf%2520-%2520POL%2520IR%2520Presentation%2520wNon%2520GAAP%2520Reconciliation%252003%252026%252015.pdf
They are based on management’s expectations that involve a number of business risks and uncertainties, any of which
could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
The final amount of charges resulting from the planned North American asset realignment and the Company’s ability to realize anticipated
savings and operational benefits from the asset realignment;
Our ability to achieve the strategic and other objectives relating to the acquisition of Spartech Corporation, including any expected synergies;
Our ability to successfully integrate Spartech and achieve the expected results of the acquisition, including, without limitation, the acquisition
being accretive;
Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability
and cost of credit in the future;
The financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with
inadequate liquidity) to maintain their credit availability;
The speed and extent of an economic recovery, including the recovery of the housing market;
Our ability to achieve new business gains;
The effect on foreign operations of currency fluctuations, tariffs, and other political, economic and regulatory risks;
Changes in polymer consumption growth rates in the markets where we conduct business;
Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online;
Fluctuations in raw material prices, quality and supply and in energy prices and supply;
Production outages or material costs associated with scheduled or unscheduled maintenance programs;
Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
An inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working
capital reductions, cost reductions, employee productivity goals, and an inability to raise or sustain prices for products or services;
An inability to raise or sustain prices for products or services;
An inability to maintain appropriate relations with unions and employees;
The inability to achieve expected results from our acquisition activities;
Our ability to continue to pay cash dividends;
The amount and timing of repurchases of our common shares, if any; and
Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates
and changes in the rate of inflation.
The above list of factors is not exhaustive.
We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
Appendix
2014 Financial Highlights
At a Glance�Global Color, Additives and Inks
At a Glance�Global Specialty Engineered Materials
At a Glance�Designed Structures and Solutions
At a Glance�Performance Products and Solutions
At a Glance�Distribution
Plastics: Key to Future Sustainable Development
Commitment to Operational Excellence
A Rich Pipeline of Opportunity
Application Examples
Slide Number 28
Authentication Technology
Range Rover Evoque Interior
Slide Number 31
Metal Replacement Solutions
Next Generation Solar Charger
High-Barrier Packaging Containers
Aerospace Applications
Non-GAAP Reconciliation
Sidoti & Company non-GAAP Rec