https://www.avient.com/sites/default/files/2020-09/bettcher-case-study-1.pdf
METAL REPLACEMENT COMBINES METAL’S STRENGTH WITH PLASTIC’S LIGHT WEIGHT CASE STUDY: COMPLĒT™ LONG GLASS FIBER REINFORCED COMPOSITE Challe nge Accepted.
Spurred by the need for high strength and low weight, Avient quickly identified a Complēt™ long glass fiber nylon composite as a best-fit solution.
Complēt long fiber composite not only met structural performance (strength), toughness and corrosion resistance requirements, it reduced part weight by nearly 40%.
https://www.avient.com/industries/healthcare/labware-diagnostics
Advanced Mobility Composite Structures
Meet the requirements for safety, reliability, and multi-functionality for use in different disciplines ranging from microbiology, histology, and cytology to clinical chemistry.
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/industrial-fabric-yarn
Examples of industrial fabric applications include ballistic fabric, narrow fabric, fall protection, lacing tape, protective sleeving, recreational composites, and carbon hybrid fabrics.
Achieve vibrant colors for safety, identification and aesthetics
https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Press Release%5B43%5D.pdf
Compared to our prior adjusted EPS expectations, raw material deflation as well as improving mix from composites and sustainable solutions positively impacted the quarter and more than offset weaker demand conditions.” 2 “Sequentially, we’ve seen modest improvement in Asia, but demand across other regions remains sluggish, particularly in Europe, as consumers remain cautious with continued inflation and rising interest rates,” Mr.
We have remained consistent in our view all year that to the extent demand conditions weakened further, we would be able to offset that with strength in composites, improving margins and cost reductions.”
Rose Vice President, Marketing and Communications Avient Corporation +1 440-930-3162 kyle.rose@avient.com mailto:giuseppe.disalvo@avient.com mailto:kyle.rose@avient.com 7 Attachment 1 Avient Corporation Summary of Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Sales $ 824.4 $ 891.0 $ 1,670.1 $ 1,783.2 Operating Income 62.3 100.1 119.4 202.3 Net income from continuing operations attributable to Avient shareholders 22.1 62.8 42.9 127.2 Basic earnings per share from continuing operations attributable to Avient shareholders $ 0.24 $ 0.69 $ 0.47 $ 1.39 Diluted earnings per share from continuing operations attributable to Avient shareholders $ 0.24 $ 0.68 $ 0.47 $ 1.38 Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special items, to assess performance and facilitate comparability of results.
https://www.avient.com/sites/default/files/2022-02/Q4 2021 Avient Earnings Release_0.pdf
For the full year, adjusted EPS increased 58% to $3.05 driven by demand for sustainable solutions, healthcare applications and composites technologies.”
In December, we completed our annual employee engagement survey and received our 3rd consecutive Great Place to Work® certification from the Great Place to Work Institute.” 3 2022 Outlook “As we discussed during our Investor Day in December, we have momentum in growing sustainable solutions, solving healthcare challenges and broadening advanced composite applications,” said Jamie A.
Rose Vice President, Corporate Communications Avient Corporation +1 440-930-3162 kyle.rose@avient.com mailto:giuseppe.disalvo@avient.com mailto:kyle.rose@avient.com 7 Attachment 1 Avient Corporation Summary of Condensed Consolidated Statements of Income (Unaudited) (In millions, except per share data) Three Months Ended December 31, Year Ended December 31, 2021 2020 2021 2020 Sales $ 1,201.5 $ 997.0 $ 4,818.8 $ 3,242.1 Operating Income 74.0 65.0 381.2 189.3 Net income from continuing operations attributable to Avient shareholders 29.8 74.2 230.8 132.0 Basic earnings per share from continuing operations attributable to Avient shareholders $ 0.33 $ 0.81 $ 2.53 $ 1.47 Diluted earnings per share from continuing operations attributable to Avient shareholders $ 0.32 $ 0.81 $ 2.51 $ 1.46 Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special items, to assess performance and facilitate comparability of results.
https://www.avient.com/sites/default/files/2022-03/Fiber-Line Coating Selection Guide.pdf
FIBER-LINE™ PERFORMANCE ENHANCING COATINGS PRODUCT SELECTION GUIDE FIBER-LINE™ COATING SELECTION GUIDE COATING Bondcoat™ Adhesion Enhancing Colorcoat™ Fiber Color Packcoat™ Performance Enhancing Protexcoat™ UV Resistant Swellcoat™ Blocker Water Blocking Swellcoat™ Water Absorbing Wearcoat™ High Abrasion Blockcoat™ Anti-Wicking Repelcoat™ Water Repellant Flamecoat™ Flame Resistant FEATURES • Created for applications where an untreated fiber does not have the ability to provide the appropriate amount of bonding characteristics to another material • Provides adhesion to another fiber or substrate without impacting other performance properties • Improves adhesion of the fiber to the resin matrix it is introduced into • Enables industry standard “burst” tests or stringent delamination analysis • Designed to achieve vibrant colors for safety, identification, and aesthetics • Specialized formulas and binders adhere the pigment to the exterior of the individual filaments, while impregnating deep into the fiber bundle • Available by Pantone or RAL number • Compatible with a variety of composite resins including epoxy, polyurethane, and polyethylene • Stronger than solution-dyed fibers • Designed to add lubricity and temperature resistance at the filament level for braided compression packing • Coating at the fiber level versus the finished braid achieves higher % level coating • Fiber level coating extends the life of the braid and reduces required maintenance • Various formulations available • PTFE, silicone, graphite, and mineral oil • Created for high performance fibers that lack inherent ultraviolet (UV) resistance • Coating impregnates the individual fibers with a specialized resin for improved UV protection • Coating enhancements include UV inhibitors, absorbers and stabilizers • Improves the processing of the product via reduced filament snagging and friction • Low level water- blocking finish for any technical fiber or textile substrate • Provides water- blocked strength reinforcements for dry cable designs • Can absorb 5x to 15x its weight in water • Dust-free coating imparts a very soft fiber hand, advantageous to cable, rope, and other textile processes • Patented technology incorporates super absorbent polymer (SAP) suspended in a proprietary resin matrix • Used in the production of ‘dry-dry’ telecommunications, electromechanical, seismic, umbilical and power cables • Can absorb up to 100x its weight in water • Creates a stable gel when exposed to water • Functionally replaces flooding compounds, filling gels, spun SAF yarns, and water blocking tapes • Enables faster, more economical and robust cable manufacturing • Increases durability and abrasion resistance by encapsulating filaments in the fiber bundle • Extends the life of the product by reducing the effects of friction and yarn on yarn abrasion • Protects the fiber from degradation and filamentation • Ideal for high abrasion and high friction applications in a range of fiber constructions and environments • Wicking refers to the tendency of a yarn or other fiber to draw moisture into filaments via capillary action • Coatings designed to prevent moisture from wicking within and between fibers and strands • Protects Wire or Optical Fiber from damaging effects of moisture, which can cause a drop in signal and attenuation • Hydrophobic additives used to promote and enhance water repellancy in industrial applications • Creates a waterproof barrier that prevents moisture from further migration • Applied at various % levels to optimize for water-proof ratings • Designed to inhibit or slow the spread of fire/flame • Coupled to fibers with inherent flame and thermal resistance to boost performance • Added to fibers with weak flame resistance to improve burn rating SUITABLE FIBERS • Kevlar® Para-Aramid • Nomex® Meta-Aramid • Vectran® LCP • Zylon® PBO • Technora® Fiber • Carbon Fiber • Kevlar® Para-Aramid • Nomex® Meta-Aramid • Vectran® LCP • PET Polyester • Fiberglass • UHMWPE • Kevlar® Para-Aramid • Nomex® Meta-Aramid • Carbon Fiber • Graphite Fiber • Fiberglass • PTFE Fiber • Kevlar® Para-Aramid • Vectran® LCP • Zylon® PBO • Technora® Fiber • Kevlar® Para-Aramid • Vectran® LCP • Zylon® PBO • PET Polyester (All shrinks) • UHMWPE • Kevlar® Para-Aramid • Vectran® LCP • Zylon® PBO • Technora® Fiber • Fiberglass • PET Polyester (All shrinks) • Kevlar® Para-Aramid • Vectran® LCP • Zylon® PBO • Carbon Fiber • PET Polyester (All shrinks) • UHMWPE • Kevlar® Para-Aramid • Vectran® LCP • Zylon® PBO • Carbon Fiber • PET Polyester (All shrinks) • Fiberglass • Kevlar® Para-Aramid • Vectran® LCP • Zylon® PBO • Carbon Fiber • PET Polyester (All shrinks) • Fiberglass • Kevlar® Para-Aramid • Vectran® LCP • Zylon® PBO • PET Polyester (All shrinks) PRODUCTS • Belt & Hose Reinforcement Yarn • Strength Members • Industrial Fabric Yarn • Wire Harness Yarn • Ripcords • Strength Members • Wire Harness Yarn • Industrial Fabric Yarn • Braided compression rings and seals • Valve stem packing • Pump packing • Strength Members • Industrial Fabric Yarn • Wire Harness Yarn • Strength Members • Ripcords • Binder Yarn • Filler Yarn • Synthetic Wire Rope • Buffer Thread • Binder Yarn • Filler Yarn • Strength Members • Ripcords • FRP Rod • Ripcords • Strength Members • Synthetic Wire Rope • Industrial Fabric Yarns • Wire Harness Yarns • Ripcords • Strength Members • Binder Yarn • Industrial Fabric Yarns • Wire Harness Yarns • Ripcords • Strength Members • Binder Yarn • Industrial Fabric Yarns • Wire Harness Yarns • Industrial Fabric Yarns • Wire Harness Yarns • Strength Members Kevlar® and Nomex® are trademarks of DUPONT SAFETY & CONSTRUCTION, INC.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202018.pdf
CEO, Industry Leader C O M M E R C I A L R E S O U R C E S I N N O V A T I O N S E R V I C E I N S P I R E D F U T U R E 6-8% annual increase in commercial resources 8% more sales calls annually 10% annual expansion of sales funnel, including advances in barrier additives and fiber colorants 12-15% compound annual operating income growth 16-18% operating margins PolyOne Corporation 93 M&A REVIEW J O E L R A T H B U N PolyOne Corporation 94 TPE O V E R A D E C A D E O F S U C C E S S F U L S P E C I A L T Y A C Q U I S I T I O N S PolyOne Corporation 95 PolyOne Corporation 96 Safety Technology Geography Service FinancialPeople Low EH&S risk profile New and complementary technologies Leverage our global footprint Strong customer relationships Foundational operating margins of 8-10% with ability to double Motivated team with a specialty culture I N V E S T - T O - G R O W S T R A T E G Y PolyOne Corporation 97 Capture sourcing synergies Cross-sell & blend technology 8-10% operating margins I N V E S T - T O - G R O W P L A Y B O O K Protect customers Retain employees Implement LSS to drive efficiency improvements Innovate with combined portfolio Safety First!
Leverage PolyOne’s global reach Phase 1 Phase 2 Phase 3 18-20% operating margins Invest in commercial resources I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E PolyOne Corporation 98 Commercial Resources Operating Income ($ in millions) Operating Margins 243 335 At Acquisition Today $36 $90 At Acquisition Today 11% 20% At Acquisition Today Established Acquisitions (> 7 years) + 40% + 150% + 900 bps I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E PolyOne Corporation 99 Commercial Resources Operating Income (millions) 53 109 At Acquisition Today 187 214 At Acquisition Today 3 12 At Acquisition Today $12 $45 At Acquisition Today $22 $42 At Acquisition Today $2 $4 At Acquisition Today Acquisition #1 (10 years) Acquisition #3 (7 years) Acquisition #2 (9 years) EBITDA Multiple 10.5x 3.0x At Acquisition Today 11.1x 7.6x At Acquisition Today 4.9x 2.8x At Acquisition Today 10% 23% At Acquisition Today 11% 17% At Acquisition Today 21% 30% At Acquisition Today Return on Sales I N V E S T - T O - G R O W D R I V I N G T H E F U T U R E PolyOne Corporation 100 Commercial Resources Operating Income ($ in millions) Operating Margins 17 44 65 At Acquisition Today Goal $0 $0 $25 At Acquisition Today Goal 0% 0% 20% At Acquisition Today Goal Advanced Composites I N V E S T - T O - G R O W D R I V I N G T H E F U T U R E PolyOne Corporation 101 Commercial Resources Operating Income ($ in millions) Operating Margins 96 100 141 At Acquisition Today Goal $16 $18 $36 At Acquisition Today Goal 11% 12% 18-20% At Acquisition Today Goal Recent Color Acquisitions PolyOne Corporation 102 Average Company Size # of Possibilities Rationale 250 • Local to regional footprint • Niche technology focus • Concentrated customer base $50M–$200M 150 • Regional to global footprint • 1–3 specialty technologies • Diversified customer base >$200M 30 • Global footprint with local service • Diverse specialty technologies • Highly diversified customer & market portfolio S T R O N G P I P E L I N E D R I V E N B Y F R A G M E N T E D M A R K E T S U M M A R Y PolyOne Corporation 103 Proven track record with specialty acquisitions using invest-to-grow strategy Our approach to integration differentiates PolyOne in a competitive M&A market Trusted brand and reputation Buyer of choice Robust pipeline with a range of opportunities that fit our strategy FINANCIAL REVIEW B R A D R I C H A R D S O N PolyOne Corporation 104 PolyOne Corporation 105 A D J U S T E D E P S E X P A N S I O N 2009 2010 2011 2012 2013 2014 2015 2016* 2017* C O N S E C U T I V E Y E A R S 8 $0.13 $0.68 $0.82 $1.00 $1.31 $1.80 $1.96 $2.06 $2.21 *Pro Forma for sale of DSS PolyOne Corporation 106 S T R A T E G I C C A S H D E P L O Y M E N T ORGANIC GROWTH Investing in R&D and capacity 11 Maintenance 40% Strategic Growth Investments 60% Capital Expenditures M&A OPPORTUNITIES Continued pursuit of strategic bolt on acquisitions that expand specialty offerings 2 SHAREHOLDER RETURN Dividends and share buybacks3 Over $400 million M&A Spending Since 2014 $809 million Share Repurchases 2011-Q1 2018 60% Increase in annual dividend over next three years 2011 2013 2015 2017 2006 2017 “Where we were” “Where we are” ROIC 5.0% 14.0% Operating Income % of Sales Color, Additives & Inks 1.7% 15.5% Specialty Engineered Materials 1.1% 12.1% Performance Products & Solutions 4.3% 10.7% Distribution 2.6% 6.3% P R O O F O F P E R F O R M A N C E E X P A N D I N G M A R G I N S & R O I C PolyOne Corporation 107 531 680130 153 504 618 2014 Q1 2018 R&D / Technical Marketing Sales I N V E S T M E N T I N COMMERCIAL RESOURCES D R I V I N G R E S U L T S PolyOne Corporation 108 Increased commercial headcount Largest organic revenue growth since recession $2.9 $2.9 $3.2 2015 2016 2017 Revenue in billions of $ + 28% + 18% + 23% Total + 10% Organic + 7% S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H PolyOne Corporation 109 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 Double digit annual EPS growth Expand specialty portfolio with strategic acquisitions Innovate and develop new technologies and services Repurchase 600K-1M shares annually Increase commercial resources 6-8% annually Double acquired company margins Enhance efficiencies through Lean Six Sigma and commercial excellence 6.3% 14.0% 15.0% 16-17% 2009 2017 Platinum Vision Updated Expectations R O I C D R I V E S S H A R E H O L D E R R E T U R N PolyOne Corporation 110 R O I C D R I V E S S H A R E H O L D E R R E T U R N 6.3% 14.0% 15.0% 16-17% 2009 2017 Platinum Vision Updated Expectations PolyOne Corporation 111 $570 $1,650 $1,750 $2,000 2009 2017 Platinum Vision Updated Expectations ROIC Invested Capital ($ in millions) Improving ROIC + Expanding Invested Capital = Outperforming the Market CONCLUSION B O B P A T T E R S O N PolyOne Corporation 112 1 Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except per share data) Senior management uses comparisons of adjusted net income from continuing operations attributable to PolyOne shareholders and diluted adjusted earnings per share (EPS) from continuing operations attributable to PolyOne shareholders, excluding special items, to assess performance and facilitate comparability of results.
Investor Day Deck - Web Investor Day 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: USE OF �NON-GAAP�MEASURES Investor Day Agenda May 10, 2018 The Leaders Behind the Team Introduction Historic Past Sustainability AT PolyOne Safety First the PolyOne Academy Sustainably Impacting diverse End Markets Products and Portfolio Optimization OUR PLANET Sustainability AT PolyOne Adjusted EPS Expansion Early years defined by Specialty �mix improvement Commodity Pruning �Held Organic Sales Flat Investment in Commercial Resources Driving Results Sustainable Path to Double-Digit EPS Growth Raising the Bar�ROIC drives shareholder return Commercial Excellence STRATEGIC INVESTMENT IN 3 KEY AREAS Key Commercial Investments New Resources Fueling the Future Aligning with trends for Growth Innovation 3 Horizons of Development 3 Horizons of Development 3 Horizons of Development Innovation Pipeline Innovation Drives Earnings Growth IQ DESIGN LABS 3D Printing�Bringing New ideas to life LSS CUSTOMER FIRST The Evolving Customer Relationship Slide Number 37 Inspired future Innovating with PolyOne PolyOne Distribution DISTRIBUTION Service is our business Service is our business Key Commercial Investments Growth through Inside Sales Growth through Multiple Sales Channels New Resources Fueling the Future Inspired future Specialty Engineered Materials Specialty Engineered Materials Specialty Engineered Materials Capitalizing on the global market STRATEGIC INVESTMENT IN 3 KEY AREAS Key Commercial Investments New Resources Fueling the Future growth Through Service Innovation Spotlight: Composites Composites Refresher Strategic Investment History COMPOSITES in Transportation Slide Number 61 Inspired future Performance Products �& Solutions Performance Products & Solutions Performance Products & Solutions STRATEGIC INVESTMENT IN 3 KEY AREAS Key Commercial Investments New Resources Fueling the Future Growth Through Service Growth Through Service Innovation Spotlight: �Flame Retardant�Polymers FLAME RETARDANT �DRIVERS Flame Retardant Performance Spectrum LED Solutions Inspired future Color Additives�& Inks COLOR, ADDITIVES & INKS Color, Additives & Inks Capitalizing on the global market STRATEGIC INVESTMENT IN 3 KEY AREAS Key Commercial Investments New Resources Fueling the Future Growth Through Service Innovation Spotlight: Additive & Colorant�Technologies Barrier Technologies Fiber Colorants Strategic Investment History Slide Number 88 Slide Number 89 COLORMATRIX SELECT™ Enabling the Customer Slide Number 92 Inspired future M&A Review Over a decade of successful specialty acquisitions Invest-to-Grow Strategy Invest-to-Grow Playbook Invest-to-Grow Proof of performance Invest-to-Grow Proof of performance Invest-to-Grow Driving the future Invest-to-Grow Driving the future Strong Pipeline�driven by fragmented Market Summary Financial Review Adjusted EPS Expansion Strategic cash deployment Proof of Performance �Expanding Margins & ROIC Investment in Commercial Resources Driving Results Sustainable Path to Double-Digit EPS Growth ROIC drives shareholder return ROIC drives shareholder return Conclusion Investor Presentation - May 2018 Non-GAAP Investor Presentation - March 2018
https://www.avient.com/investor-center/news/tough-enough-protect-power-grid-southern-states-llc-selects-glasarmor-panels-polyone
industry-leading GlasArmor™ continuous glass-fiber composite panels to create its new custom Ballisti-Wall® and Ballisti-Cover® ballistic-resistant solutions.
The GlasArmor sheet technology meshed well with our performance and timeframe requirements.
https://www.avient.com/news/tough-enough-protect-power-grid
CLEVELAND – Southern States LLC, a Georgia manufacturer of products for the electric utility industry, recently selected PolyOne’s industry- leading GlasArmor™ continuous glass-fiber composite panels to create its new custom Ballisti-Wall® and Ballisti-Cover® ballistic-resistant solutions.
The GlasArmor sheet technology meshed well with our performance and timeframe requirements.
https://www.avient.com/sites/default/files/2020-09/industrial-springs-application-bulletin2020.pdf
Make the switch to Avient’s thermoset composite springs, engineered with our proprietary resin/ fiber reinforcement technologies, to achieve long lasting, consistent performance in a variety of vibratory conveyor applications: • High strength-to-weight ratio—less than half the weight of steel • Long-term corrosion resistance • Exceptional fatigue resistance to withstand billions of cycles • Deep deflection • Excellent interlaminar shear strength • Creep resistance • Minimal work hardening • Static electricity control • Anti-microbial finishes for sanitary environments With extensive experience in composite spring technology, a wide range of rectangular sizes, and rapid, customized product development capabilities, we can help you optimize your industrial equipment for reliable, repeatable, efficient performance.
Composite springs from Avient are ideal for sorting and conveying systems used in a wide range of industries, including food, pharmaceuticals, mining, forestry, agriculture and recycling.
Thermoset Composite Springs For Vibratory Conveyor Equipment PRODUCT BULLETIN THICKNESS (in)* RESIN FLEXURAL STRENGTH (x10^3 psi) FLEXURAL MODULUS (x10^6 psi) STRAIN (%) FIBER CONTENT (wt%) MIN Vinyl Ester 115 4.0 3.3 68 AVG Vinyl Ester 124 4.6 3.2 71 MIN Epoxy 138 5.1 2.3 65 AVG Epoxy 153 5.5 2.3 67 Avient’s composite springs are manufactured using a continuous pultrusion process.