https://www.avient.com/sites/default/files/2021-05/renol-ul94-compliant-masterbatches-brochure.pdf
The most common tests specified by UL94 are the vertical burning (V-0; V-1; V-2) test and horizontal burning (HB) test.
For V-0, V-1, V-2, 5VA and 5VB, the color concentrates have to be listed with reference to specific resin grades.
RENOL™ UL94 COMPLIANT MASTERBATCHES HOW TO USE THE TABLES UL HB GENERIC RESIN TYPE FLAME RATING MINIMUM THICKNESS (MM) MAXIMUM LET-DOWN RATIO Acetal Copolymer (POM) HB 1.50 1:20 Acrylonitrile Butadiene Styrene (ABS) HB 1.50 1:10 Ethylene Propylene Thermoplastic Rubber (EPTR) HB 1.50 1:20 High Impact Polystyrene (HIPS) HB 1.50 1:10 Liquid Crystal Polymer (LCP) HB 0.83 1:10 Polyamide (PA) HB 3.20 1:33 Polyamide (PA66 and PA 4/6) HB 0.81 1:20 Polyamide 6 (PA6) HB 0.75 1:25 Polyamide 66 (PA66) HB 0.40 1:40 Polybutylene Terephthalate (PBT) HB 0.81 1:20 Polybutylene Terephthalate/Polycarbonate (PBT/PC) HB 1.50 1:10 Polycarbonate (PC) HB 1.50 1:15 Polycarbonate/Acrylonitrile Butadiene Styrene (PC/ABS) HB 1.50 1:20 Polycarbonate/Polyethylene Terephthalate (PC/PET) HB 1.50 1:20 Polyethylene (PE) HB 1.50 1:50 Polyethylene Terephthalate (PET) HB 0.80 1:16.7 Polyketone HB 1.50 1:20 Polymethyl Methacrylate (PMMA) HB 3.00 1:25 Polypropylene (PP) HB 1.50 1:15 Polystyrene (PS) HB 0.83 1:15 Polyurethane (PUR) HB 1.50 1:25 Polyvinylchloride (PVC) HB 1.50 1:20 Styrene Acrylonitrile (SAN) HB 1.50 1:20 Thermoplastic Elastomer (TPE) HB 0.75 1:25 UL94 V-0, V-1, V-2 ASCEND GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO Polyamide 66 (PA66) 21X1(a)(f2), 21SPC1(a)(f2), 21SPF1(a)(f2), 21SPG1(a)(f2), 21SPM1(a)(f2), 20NSP1(a)(f2) 0.75 V-2 1:40 22HSP(e) 0.75 V-2 1:40 64C-R 3.0 V-2 1:50 ECO366(e) 0.4 V-0 1:40 ECO366H(e) 0.2 V-0 1:25 FR350J 0.4 V-0 1:25 20NSP(a)(f2), 21SPF(a)(f2), 21SPM(a)(f2), 21SPC(a)(f2) 0.4 V-2 1:40 20NSP(a)(h)(f2), 21SPF(a)(h)(f2), 21SPM(a)(h)(f2), 21SPC(a)(h) (f2) 1.5 V-2 1:20 Polyamide 66/6 (PA66/6) ECO315(e), ECO315J(e) 0.4 V-0 1:40 M344 3.0 V-0 1:25 909 0.75 V-0 1:25 UL94 V-0, V-1, V-2 BASF GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO Polyamide 6 (PA6) 8202(t1), 8202 Blend (t1) 0.71 V-2 1:25 8202C(t1), 8202C BLEND (t1) 1.50 V-2 1:25 8202CHS(t1) (t3), 8202C HS Blend 1.50 V-2 1:25 8202HS(t1) 1.50 V-2 1:25 B3S 0.80 V-2 1:25 1.50 V-2 1:25 B3S Q661 1.50 V-2 1:25 B3S R03 1.50 V-2 1:25 8232G HSFR(t9), B3U10G5 (t9) 1.50 V-0 1:25 Polyamide 6/66 (PA6/66) C3U (m) 0.40 V-0 1:25 KR4205(m), C3U (m), C3U (t)(m) 0.40 V-0 1:25 KR4205, C3U 0.40 V-0 1:25 Polyamide 66 (PA66) 1000(b), 1310-(b), Ultramid A3K Q603(+) 1.50 V-2 1:10 A3K (o) Q790(g)(f2) 0.41 V-2 1:20 A3K(f2), A3K Q601(f2) 0.41 V-2 1:20 A3SK 0.41 V-2 1:25 A5 3.00 V-2 1:33 A3W(f1), A3W FC (f1) 0.75 V-2 1:10 A3K R01 (t)(g)(f2) 0.40 V-2 1:20 Polybutylene Terephthalate (PBT) B4406 G2 (o) Q798 1.50 V-0 1:20 B4406 G2(a), B4406 G2 (o) Q717(a) 1.50 V-0 1:20 B4406 G3 (o) Q798 1.50 V-0 1:20 B4406 G3(a), B4406 G3 (o) Q717(a) 1.50 V-0 1:20 B4406 G4 (o) Q798 1.50 V-0 1:20 B4406 G4(a2), B4406 G4 (o) Q717(a2) 1.50 V-0 1:20 B4406 G6 (o) Q798 3.00 V-0 1:12.5 B4406 G6(%) 1.50 V-0 1:20 B4406 G6(a1), B4406 G6 (o) Q717(a1), B4406 G6 (o) Q717 High Speed(a1) 1.50 V-0 1:20 B4406(a), B4406 (o) Q717(a) 1.50 V-0 1:20 B4406@ 1.50 V-0 1:20 B4450 G5, B4450 G5 (t) 0.40 V-2 1:50 Polyurethane (PUR) 11 85 A(a) FHF 000 (f2) 0.75 V-0 1:33 UL94 V-0, V-1, V-2 CELANESE GENERIC RESIN TYPE MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO Liquid Crystal Polymer (LCP) A130(+), MT1310 1.50 V-0 1:40 Polyamide 66 (PA66) A3 GF 25 V0XI, A G5 FR C4 0.40 V-0 1:25 Polybutylene Terephthalate (PBT) 2012-2 1.50 V-0 1:20 2016(b) 1.50 V-0 1:20 3112-2 1.50 V-0 1:20 3116(b) 1.50 V-0 1:20 3216(b) 1.50 V-0 1:20 3310-2(f2) 1.50 V-0 1:20 3311-3(f2) 1.50 V-0 1:20 3316(b) 1.50 V-0 1:20 3316(b), 3316HF 1.50 V-0 1:20 COVESTRO GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO Polycarbonate (PC) 2407 + (z)(f1) 0.75-2.60 V-2 1:10 2807 + MAS183 0.75 V-2 1:25 6455 + (z) 3.00 V-0 1:25 1.50 V-2 1:25 6485 + (z)(f1) 1.50 V-0 1:25 Polycarbonate/ Acrylonitrile Butadiene Styrene (PC/ABS) FR110 + 1.50 V-0 1:33 FR3005 HF + (z), FR3005 HF + BBS314 1.50 V-0 1:12.5 FR3010 + (z) 3.00 V-0 1:25 1.50 V-0 1:25 FR3010 HF + 3.00 V-0 1:25 FR3030 + 3.00 V-0 1:25 UL94 V-0, V-1, V-2 DSM GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO Polyamide 46 (PA46) TE250F6(h1)(j) 0.50 V-0 1:25 Polyamide 6 (PA6) F223-D(f1), F223-D /A(f1) 0.75 V-2 1:25 K222-KGV5(f1) 0.75 V-2 1:16.7 1.50 V-2 1:16.7 K-FKGS6/B(f1)(y) 0.80 V-0 1:25 Polyamide 66 (PA66) SG-KGS6/HV 0.75 V-0 1:25 Thermoplastic Elastomer (TPE) PL460-S 1.60 V-0 1:25 Polyamide 4T (PA4T) T11 (h) 0.40 V-0 1:20 DOMO GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO Polyamide (PA) J 60X1 V30 0.40 V-0 1:25 Polyamide 6 (PA6) PSB 286 0.80 V-2 1:25 3.00 V-2 1:25 Polyamide 66 (PA66) A 205F(r4) 0.38 V-2 1:25 A 225F 0.75 V-2 1:25 A 50H1 (r3)(f2) 0.40 V-0 1:25 A 30G1 0.40 V-0 1:25 DUPONT UL94 V-0, V-1, V-2 GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO Polyamide (PA) 132F(+)(f1), 135F(+)(f1) 0.75 V-2 1:20 HTNFR42G30NH 0.40 V-0 1:25 Polyamide 6/12 (PA6/12) 151, 151L 1.50 V-2 1:25 Polyamide 66 (PA66) 101(r9)(f1), 101F(r9)(f1), 101L(r9)(f1), E101(r9)(f1), E101L(r9)(f1) 0.75 V-2 1:20 103FHS(+), 103HSL(+), RN5077E(+), E103HSL(+) 0.75 V-2 1:20 A428 0.75 V-0 1:20 FE3757(+) 0.75 V-2 1:25 FR15(+) 0.75 V-0 1:20 FR50(+)(f1) 0.35 V-0 1:20 FR7025V0F(+) 0.50 V-0 1:33 Polyamide 66/6 (PA66/6) FR72G25V0 0.80 V-0 1:25 Polyamide 66/6T (PA66/6T) FR95G25V0NH 0.40 V-0 1:25 Polyamide 6T/66 (PA6T/66) HTNFR52G15AL 0.75 V-0 1:33 HTNFR52G30BL(r3) 0.75 V-0 1:33 HTNFR52G30L(+), FE15502(+), HTNFR52G30AL(+) 0.75 V-0 1:33 HTNFR52G30NH(r6) 0.40 V-0 1:25 0.75 V-0 1:10 HTNFR52G35BL 0.75 V-0 1:25 HTNFR52G35L(+), HTNFR52G35AL 0.75 V-0 1:33 Polyamide 6T/ MPMDT HTNFR51G35L(+) 0.81 V-0 1:33 Polybutylene Terephthalate (PBT) LW9030FR 1.50 V-0 1:25 S650FR 1.50 V-0 1:25 SK642FR 1.50 V-0 1:25 SK652FR1 1.50 V-0 1:16.5 T841FR (r4) 1.50 V-0 1:25 Polyethylene Terephthalate (PET) FR530(l)(+)(f1), FR530L(l)(+)(f1) 0.75 V-0 1:25 Thermoplastic Elastomer (TPE) HTR8068 1.60 V-0 1:25 UL94 V-0, V-1, V-2 EXXONMOBIL GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO Ethylene Propylene Thermoplastic Rubber (EPTR) 251-80W232(f7) 1.50 V-2 1:20 251-92W232 1.50 V-0 1:20 251-70W232 1.50 V-0 1:10 1.00 V-2 1:10 LANXESS GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO Polyamide 6 (PA6) B30S+(f1) 1.50 V-2 1:25 B31SK+ 1.50 V-2 1:25 Polybutylene Terephthalate (PBT) B4235+ 1.50 V-0 1:10 TP364-302+, BF4232+(f1) 0.75 V-0 1:25 UL94 V-0, V-1, V-2 SABIC GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO Polybutylene Terephthalate (PBT) 310(w) 1.50 V-0 1:20 310SE0(w) 1.50 V-0 1:20 310SE0(w),310SE0R(w) 1.50 V-0 1:20 420SE0(f1)(w)(GG)(rr1) 1.50 V-0 1:20 420SE0(f1)(w)(GG)(rr2) 1.50 V-0 1:20 457(w) 1.50 V-0 1:20 457(w), 451(w) 1.50 V-0 1:20 553(a)(f1)(w) 1.50 V-0 1:20 553(a)(f1)(w), 553E(a)(f1)(w), 553U(a)(f1)(w) 1.50 V-0 1:20 553(w)(f1), 553M(w)(f1) 1.50 V-0 1:20 DR48(w) 1.50 V-0 1:20 DR48,DR48M 1.50 V-0 1:20 V4760(a2) 0.40 V-0 1:20 EXVX1259, ENH4550 0.40 V-0 1:20 771 0.75 V-0 1:25 Polybutylene Terephthalate/ Polycarbonate (PBT/PC) 357(f1)(w)(IC), 357M(f1)(w)(IC), 357U(f1)(w)(IC) 1.50 V-0 1:20 357(f1)(w)(IC), 357U(f1)(w)(IC) 1.50 V-0 1:20 357X(f1) 1.50 V-0 1:20 V3900WX(GG)(f1)(IA), V3901WX(GG)(f1)(IA) 3.00 V-0 1:20 1.50 V-0 1:20 357(w)(f2)(IC), 357M(w)(f2)(IC), 357U(w)(f2)(IC) 1.50 V-0 1:20 UL94 V-0, V-1, V-2 SABIC GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO Polycarbonate (PC) 221(f2) 1.50 V-2 1:25 221R(f2) 1.50 V-2 1:25 500(f2), 500R(f2) 3.00 V-0 1:33 503(f1) 3.00 V-0 10:1 1.50 V-0 10:1 503(f1), 503R(f1) 3.00 V-0 10:1 1.50 V-0 10:1 943(ab) 1.50 V-0 1:20 943(f1) 1.50 V-0 1:20 943(f1), 923(f1) 1.50 V-0 1:20 950A, 920ASR, FXD911A(GG), 940ASR 1.50 V-2 1:25 CFR7630(f1)(gg*) 1.50 V-0 1:25 ML5139R(f2) 3.00 V-0 1:33 950A, FXD911A(GG), 940ASR 3.00 V-0 1:25 943 1.50 V-0 1:20 920A 3.00 V-0 1:25 1.50 V-2 1:25 Polycarbonate/ Acrylonitrile Butadiene Styrene (PC/ABS) C2950 1.50 V-0 6:100 C6200(GG) 2.00 V-0 1:20 Acrylonitrile Styrene Acrylate/ Polycarbonate (ASA/PC) HRA222 (GG) 0.80 V-2 1:20 UL94 V-0, V-1, V-2 SOLVAY OTHERS GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO Polyphenyl Sulfone (PPSU) R-5100 (r1)(##), R-5000 (r1)(##) 1.50 V-0 1:10 Polyphthalamide (PPA) AFA-4133 V0(+) (*) 0.75 V-0 1:25 BASE RESIN MANUFACTURER GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO ALBIS Polypropylene (PP) PP 13 CV2 14 1.50 V-2 1:25 AVIENT Polyvinylchloride (PVC) M3700(X), M3755(X) 1.50 V-0 1:25 M3900 1.50 V-0 1:25 CHI MEI Acrylonitrile Butadiene Styrene (ABS) PA-765(+) 1.50 V-0 1:10 Polycarbonate/ Acrylonitrile Butadiene Styrene (PC/ABS) PC-510(+) 1.50 V-0 1:25 EMS-CHEMIE Polyamide 6 (PA6) Grilon A 26 V0 0.75 V-0 1:25 FORMOSA Polycarbonate (PC) #1700+(f2) 0.36-0.42 V-2 1:50 GEON Polyvinylchloride (PVC) 85891(f1) 1.70 V-0 1:20 85891(f2) 1.70 V-0 1:20 M3700(X) 1.50 V-0 1:25 M3900 1.50 V-0 1:10 1:25 INEOS Polystyrene (PS) 855 HV 3.00 V-1 100:4 INVISTA Polyamide 66 (PA66) FRU4800 XHL (r1) 0.40 V-0 1:25 U4820L (r1) 0.40 V-2 1:25 UL94 V-0, V-1, V-2 OTHERS BASE RESIN MANUFACTURER GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO KINGFA Polyamide 66 (PA66) PA66-R11G25 (##) 0.25 V-0 1:25 KURARAY Polyamide 9T (PA9T) GP2300S 0.40 V-0 1:25 LG CHEM Polycarbonate/ Acrylonitrile Butadiene Styrene (PC/ABS) LUPOY GP-5106-F 3.00 V-0 1:20 LOTTE CHEMICAL Acrylonitrile Butadiene Styrene (ABS) VH-0800(+) 1.50 V-0 1:25 Polycarbonate (PC) HN-1064(+) 0.75 V-2 1:10 1.50 V-0 1:10 1.20 V-1 1:10 Polystyrene (PS) VH-1800+ 3.00 V-0 1:25 1.50 V-0 1:25 MITSUBISHI Polycarbonate (PC) S-2000+(f1) 1.50-1.80 V-2 1:10 POLYMER PRODUCTS Polystyrene (PS) ZYNTAR 351 2.00 V-0 1:20 1.50 V-0 1:20 ZYNTAR 7000 2.00 V-0 1:25 ZYNTAR 702 2.00 V-0 1:25 8020 2.00 V-0 1:20 8120 2.00 V-0 1:20 8130 1.50 V-0 1:20 POLYMER RESOURCES Polycarbonate (PC) PC-FR1A-D, PC- FR2A-D, PC-FR3A-D 3.00 V-0 1:33 1.50 V-2 1:33 SUMITOMO Liquid Crystal Polymer (LCP) E6007LHF(ra) 0.30 V-0 1:25 E6007LHF-MR(gt) 0.20 V-0 1:12.5 UL94 V-0, V-1, V-2 OTHERS BASE RESIN MANUFACTURER GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING MAXIMUM LET-DOWN RATIO TORAY Polyamide 6 (PA6) 1017 1.60 V-2 1:16.5 Polyamide 66 (PA66) 3004-V0(rr), CM3004-V0(rr) 0.40 V-0 1:25 TRINSEO Polycarbonate (PC) 891(w) 1.10 V-0 1:25 WELLMAN Polyamide 66/6 (PA66/6) 220-N, 21L-N, 22L-N 1.50 V-2 1:25 WESTLAKE Polyvinylchloride (PVC) 6597(f1), HF-6597(f1) 1.50 V-0 1:25 SP-7107 (f1)(a) 3.00 V-0 1:25 5VA AND 5VB BASE RESIN MANUFACTURER GENERIC RESIN TYPE SPECIFIC BASE RESIN MINIMUM THICKNESS (MM) FLAME RATING COLORS MAXIMUM LET-DOWN RATIO AVIENT Polyvinylchloride (PVC) M3900 1.50 5VB ALL 1:25 WHITE 1:10 COVESTRO Polycarbonate/ Acrylonitrile Butadiene Styrene (PC/ABS) FR3010 + (z) 3.00 5VA ALL 1:25 DUPONT Polyamide 66/6T (PA66/6T) FR95G25V0NH 1.50 5VA ALL 1:25 Polybutylene Terephthalate (PBT) LW9030FR 2.00 5VA BLACK 1:25 3.00 5VA ALL 1:25 SK642FR 1.50 5VA BLACK 1:25 GEON Polyvinylchloride (PVC) M3900 1.50 5VB ALL 1:25 WHITE 1:10 SABIC Polybutylene Terephthalate/ Polycarbonate (PBT/PC) V3900WX(GG)(f1)(IA), V3901WX(GG)(f1)(IA) 3.00 5VA ALL 1:20 1.844.4AVIENT www.avient.com Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-08/avient-investor-presentation-jefferies-industrials-conference.pdf
Avient Corporation 1 JEFFERIES VIRTUAL INDUSTRIALS CONFERENCE A U G U S T 2 0 2 0 Avient Corporation 2 FORWARD LOOKING STATEMENTS • • • • • • • • • • • • • • • • • • • • Avient Corporation 3 USE OF NON-GAAP MEASURES • • • Avient Corporation 4 UPDATE ON THE COVID-19 PANDEMIC • • • • Avient Corporation 5 2019 Transportation Consumer Discretionary Healthcare Packaging All Other Industries Cost Containment FX 2020 $64.3 18% 18% 9% 6% 16% 2% $46.9 20% • • • • • • SECOND QUARTER 2020 IN REVIEW Consumer Discretionary Avient Corporation 6 CLARIANT MASTERBATCH STRATEGIC RATIONALE Avient Corporation 7 FIT W I T H FOUR PILLAR S T R A T E G Y Specialization • • • Globalization • • Operational Excellence • • • Commercial Excellence • • People Avient Corporation 8 5% 2006 2019E PF* 4% 12% 10% 18% 8% 20% 2006 2019E PF* Healthcare Consumer Packaging 38% * 2019E Pro Forma for PP&S Divestiture and Clariant Masterbatch business Percentage of Total Revenue E N D M A R K E T T R A N S F O R M A T I O N Building & Construction High Growth End Markets 50% 22% Avient Corporation 9 Wire & Cable 11% Industrial 10% Electrical & Electronic 7% Healthcare 4% Packaging 8% Consumer 10% Transportation 12% Building & Construction 38% Healthcare 12% Packaging 20% Consumer 18%Transportation 12% Building & Constrution 5% Wire & Cable 9% Industrial 11% Electrial & Electronic 4% Appliance 2% Textiles 7% 2006 Pro Forma(1) Net Sales by End Market E N D M A R K E T T R A N S F O R M A T I O N Avient Corporation 10 U N I F I E D F O C U S O N S U S T A I N A B I L I T Y 2006 - 2013 2013 – 2019 PEOPLE PROD UC TS PLANET PER FOR M A NC E •• •• •• Avient Corporation 11 O V E R 8 5 % O F A D J U S T E D E B I T D A F R O M S P E C I A L T Y 46% 66% 0% 20% 40% 60% 80% 100% 2005 2010 2015 Pro Forma % o f A d ju s te d E B IT D A ( 1) JVs Performance Products & Solutions Distribution Specialty 7% 87% (2) Avient Corporation 12 T H E N E W A V I E N T : A S P E C I A L T Y G R O W T H C O M P A N Y Transaction expected to add $0.85 to pro forma adjusted EPS Avient Corporation 13 SUSTAINABILITY AT AVIENT 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 Avient Corporation 13 Avient Corporation 14 V I S I O N 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 sustainable solutions Avient Corporation 15 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 0.56 0.14 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD S A F E T Y F I R S T Injuries per 100 Workers Spartech Acquisition Avient Corporation 16 G R E A T P L A C E T O W O R K Avient Corporation 17 C O M M O D I T Y T O S P E C I A L T Y T R A N S F O R M A T I O N • • • • • • • • • • • • 2006 - 2013 2013 – 20192000-2005 2006 - 2013 • • 2020 and Beyond Avient Corporation 18 A V I E N T 2 0 1 9 R E V E N U E | $ 2 . 9 B I L L I O N Segment End Market Geography Healthcare 15% Industrial 14% Consumer 14% Packaging 13% Transportation 13% Wire & Cable 11% Building & Construction 6% Electrical & Electronics 6% Textiles 5% Appliance 3% Color Additives & Inks 34% Distribution 41% Specialty Engineered Materials 25% United States 54% Europe 19% Asia 11% Latin America 11% Canada 5% Avient Corporation 19 Operating Income % of Sales 2006 2019 Color, Additives & Inks 1.7% 14.7% Specialty Engineered Materials 1.1% 11.6% Distribution 2.6% 6.3% 2009 2010 2011 2012 2013 2014 2015 2016*2017* 2018 $2.43 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 10 $0.13 $0.68 $0.82 $1.00 $1.31 $1.80 $1.96 $2.06 $2.21 A D J U S T E D E P S E X P A N S I O N 2018 2019 $1.69 $1.51 Avient Corporation 20 531 710 1,032 130 164 207 504 663 871 2014 2018 Pro Forma R&D / Technical Marketing Sales + 34% + 26% + 32% E X P A N S I O N O F COMMERCIAL RESOURCES D R I V I N G G R O W T H Revenue in Billions Total + 10% Organic + 7%+ 45% + 26% + 31% $4.0 $3.2 (2) (1) (1) $2.9 $2.9 $3.5 2015 2016 2017 2018 Pro Forma Total + 9% Organic + 5% Pro Forma(2) Avient Corporation 21 P R I O R A C Q U I S I T I O N S H I S T O R Y Commercial Resources(1) Operating Income ($ in millions) Operating Margins 256 350 At Acquisition 2019 $36 $100 At Acquisition 2019 9% 19% At Acquisition 2019 Established Acquisitions (> 7 years) + 37% + 176% + 1000 bps Avient Corporation 22 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 Facilitate alternative energy solutions Light- weighting Reduce packaging materials Improve recyclability Reduce spread of infection Avient Corporation 23 I N N O V A T I O N Customization 55% M&A 30% Innovation Pipeline 15% Innovation comes from Research & Development Spend Vitality Index 12% 37% 2006 2019 $20 $51 2006 2019 Avient Corporation 24 R E V E N U E F R O M S U S T A I N A B L E S O L U T I O N S $275M $325M $355M $410M 14% Total Annual Growth 9% Organic Annual Growth Avient Corporation 25 SEGMENT HIGHLIGHTS I N N O V A T I N G W I T H A V I E N T Avient Corporation 25 Avient Corporation 26 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 Solid Colorants Performance Additives Screen Printing Inks Liquid Colorants Packaging 31% Industrial 14% Textiles 13% Wire & Cable 10% Building & Construction 9% Consumer 8% Transportation 7% Healthcare 5% Appliances 2% Electrical & Electronics 1% Avient Corporation 26 Avient Corporation 27 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 9 R E V E N U E | O V E R $ 1 B I L L I O N Europe 34% United States 44% Asia 15% Canada 1% Mexico 3% South America 3% $4 $25 $104 $147 2005 2009 2013 2019 0.9% 5.5% 12.2% 14.7% Avient Corporation 27 Avient Corporation 28 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 Engineered Formulations Advanced Composites Thermoplastic Elastomers Wire & Cable* 28% Consumer 19% Electrical & Electronics 12% Healthcare 9% Industrial 8% Packaging 6% Appliance 2% Building & Construction 2% Transportation 14% Avient Corporation 28 Avient Corporation 29 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 9 R E V E N U E | $ 7 5 0 M I L L I O N Europe 27% United States 54% Asia 17% Canada 2% $21 $57 $87 2005 2009 2013 2019 0.1% 5.1% 9.3% 11.6% Avient Corporation 29 Avient Corporation 30 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 Healthcare 28% Industrial 19% Transportation 18% Consumer 17% Appliance 6% Electrical & Electronics 5% Building & Construction 4% Packaging 2% Wire & Cable 1% Operating Income & Margin2019 Revenue | $1.2 Billion $25 $63 $75 2005 2009 2013 2019 $20 2.9% 4.0% 5.9% 6.3% Avient Corporation 30 http://www.polyone.com/Pages/VariationRoot.aspx Avient Corporation 31 O V E R V I E W O F R A W M A T E R I A L P U R C H A S E S Avient Corporation 31 Avient Corporation 32 Avient Corporation 33 Adjusted EPS attributable to PolyOne common shareholders is calculated as follows: 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016** 2017** 2018 2018*** Q1 2019*** 2019 Q1 2020 Net income from continuing operations attributable to PolyOne common shareholders Joint venture equity earnings, after tax Special items, before tax (1) Special items, tax adjustments (1) Adjusted net income from continuing operations attributable to PolyOne common shareholders $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6 $ 166.4 $ 173.5 $ 161.1 $ 87.7 $ 22.4 $ 75.5 $ 33.1 (19.0) (14.7) (3.7) — — — — — — — — — — — (48.7) 24.2 (48.1) 55.1 46.3 164.2 87.6 23.8 32.9 59.5 58.7 12.2 61.7 9.6 (27.2) (96.7) (24.7) (18.9) (13.7) (73.7) (58.7) (15.9) (24.8) (25.3) (25.1) (1.2) (5.9) (1.0) $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5 $ 174.3 $ 181.6 $ 195.3 $ 121.3 $ 33.4 $ 131.3 $ 41.7 Diluted shares 93.4 96.0 94.3 89.8 96.5 93.5 88.7 84.6 82.1 80.4 80.4 78.2 77.7 86.7 Adjusted EPS attributable to PolyOne common shareholders $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96 $ 2.06 $ 2.21 $ 2.43 $ 1.51 $ 0.43 $ 1.69 $ 0.48 * Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principle, discontinued operations or the related resegmentation. ** Pro forma for sale of Designed Structures and Solutions segment (DSS). *** Pro forma for sale of Performance Products and Solutions segment (PP&S).
Adjusted EPS attributable to Avient common shareholders is calculated as follows: 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016** 2017** 2018 2018*** 2019 Q2 2020 Net income from continuing operations attributable to Avient common shareholders $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6 $ 166.4 $ 173.5 $ 161.1 $ 87.7 $ 75.5 $ 23.0 Joint venture equity earnings, after tax (19.0) (14.7) (3.7) — — — — — — — — — — Special items, before tax(1) (48.7) 24.2 (48.1) 55.1 46.3 164.2 87.6 23.8 32.9 59.5 58.7 61.7 2.4 Special items, tax adjustments(1) (27.2) (96.7) (24.7) (18.9) (13.7) (73.7) (58.7) (15.9) (24.8) (25.3) (25.1) (5.9) 0.2 Adjusted net income from continuing operations attributable to Avient common shareholders $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5 $ 174.3 $ 181.6 $ 195.3 $ 121.3 $ 131.3 $ 25.6 Diluted shares 93.4 96.0 94.3 89.8 96.5 93.5 88.7 84.6 82.1 80.4 80.4 77.7 91.8 Adjusted EPS attributable to Avient common shareholders $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96 $ 2.06 $ 2.21 $ 2.43 $ 1.51 $ 1.69 $ 0.28 * Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principle, discontinued operations or the related resegmentation. ** Pro forma for sale of Designed Structures and Solutions segment (DSS). *** Pro forma for sale of Performance Products and Solutions segment (PP&S).
Reconciliation to Adjusted EPS Excluding Special Items and Impacts of February 2020 Equity Offering and May 2020 Debt Offering Three Months Ended June 30, 2020 Net income from continuing operations attributable to Avient common shareholders $ 23.0 Special items, after tax(1) 2.6 After tax interest expense, net arising from equity offering and debt offering proceeds 4.1 Adjusted net income excluding special items and impact of interest expense, net arising from equity offering and debt offering proceeds $ 29.7 Diluted weighted-average shares used to compute earnings per common share 91.8 Weighted-average impact of 15.3 million shares issued in February 2020 equity offering (15.3) Diluted weighted-average shares excluding impact of shares issued in February 2020 equity offering 76.5 Adjusted EPS excluding special items and impact of equity offering and debt offering $ 0.39 (1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures, including adjustments related to contingent consideration; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non- recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.