https://www.avient.com/sites/default/files/2020-08/oncolor-rc-environmental-black-product-bulletin.pdf
KEY CHARACTERISTICS • Derived from end-of-life tires • Available for multiple resins and custom solutions • Retains performance characteristics of traditional carbon black in plastics • Enhances sustainable product offerings • Provides long-term price stability • Passes REACH and RoHS requirements • Prop 65 letters available MARKET AND APPLICATIONS OnColor RC Environmental Black is a sustainable solution across a wide variety of industries and applications, including: • Automotive • Wire and cable • Building and construction • Appliances • Electrical and electronics • Industrial molding applications • Office furniture Avient OnColor RC Environmental Black is offered for multiple resins and also for custom solutions: CC10289240WE OnColor RC Environmental Black PE CC10284887WE OnColor RC Environmental Black TPU CC10287020WE OnColor RC Environmental Black PC CC10287026WE OnColor RC Environmental Black PS CC10287028WE OnColor RC Environmental Black PP CC10287033WE OnColor RC Environmental Black ABS www.avient.com Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Commercial%2520Excellence.pdf
Kahler (16) Page 16 • Shifted sales compensation practices to drive value and margin expansion • Significantly upgraded and added sales, marketing, and From Volume to Value $2,622 $3,060 Sales ($ millions) 2006 2011PFadded sales, marketing, and technical resources • Expanded global cross-selling • Invested in training and tools 2006 2011PF 3.3% 6.8% 2006 2011PF Adjusted OI% ($ millions) 2006 2011PF 2006 2011PF Page 17 • Value pricing practices enabled by use of EVE tools • Shifting the basis of competition to specialization 1.5% 8.9% 2006 2011PF Specialty OI% Specialization Drives Margin Expansion 2006 2011PF 7.2% PPS OI% competition to specialization differentiates PolyOne as a value-added solutions provider • Redirecting our technology and marketing focus to the most attractive segments 2.6% 5.6% 2006 2011 POD OI% 5.5% 7.2% 2006 2011 2006 2011 2006 2011 Page 18 • Global key account management team focused on key markets and strategic OEMs • Drive growth in target markets through application development750 1,120 Total Commercial Employees 2007 – 2011 49% Increase Commercial Excellence – Recent Investments *Includes ColorMatrix through application development • Leverage breadth of solutions across all PolyOne platforms to identify innovative solutions for strategic OEMs and Tier 1 partners * 750 2007 2011 Sales Marketing R&D/Tech Page 19 5% 1% 0% 27% 2% 12% 4% Performance Dashboards Drive Execution 45% 26% 18% 5% 55% Page 20 53% Drivers of Customer Loyalty Customer Experience is Key to Customer Loyalty 53% Building Customer Loyalty n = 4,960 B2B customers of 24 companies Source: Corporate Executive Board Company and Brand Impact Product and Service Delivery Value-to- Price Ratio Customer Experience 19% 9% 9% 19% 19% 9% Page 21 • Continue to redirect our focus to more attractive segments and increase customer loyalty and retention • Leverage new commercial tools and investments to enable disciplined execution and accountability Critical Imperatives to enable disciplined execution and accountability • Position PolyOne as the differentiated value-added specialty solutions provider Drive improved mix in all segments and achieve margin and profitability growth Page 22 Page 23
https://www.avient.com/sites/default/files/2024-11/Rejoin PCR Colorants Product Bulletin.pdf
KEY CHARACTERISTICS • Enables 100% PCR packaging • Helps companies meet sustainability goals • Replaces virgin resin, reducing total energy consumption and limiting emissions* • Combines colorants and functional additives in one solution • Allows for full recyclability of the end product • Provides a lower carbon product footprint than traditional masterbatch • Suitable for use in polyethylene (PET) and polypropylene (PP) as well as in rPET and rPP applications MARKETS AND APPLICATIONS Rejoin PCR Colorants are designed for use in a broad range of applications, including household and personal care packaging, consumer goods, or food and beverage containers.
https://www.avient.com/sites/default/files/resources/Credit%2520Suisse%2520June%252026%25202013.pdf
Use of Non GAAP Measures Page 3 -150.00% -100.00% -50.00% 0.00% 50.00% 100.00% 150.00% 200.00% 250.00% 300.00% 350.00% PolyOne S&P 500 Strategy and Execution Drive Results – Since 2006: Page 4 All time closing high of $26.63 May 28, 2013 • 14 consecutive quarters of double digit EPS growth • 380 basis point increase in return on sales • 300% share price expansion • 300% increase in total shareholder return • 42% CAGR EPS expansion • $1.8 billion increase in market cap • Track record of successful acquisitions The World’s Premier Provider of Specialized Polymer Materials, Services & Solutions Four Pillar Strategy Page 5 2013 Portfolio Transformation Highlights • Substantial organic mix improvement drives 29% increase in first quarter EPS – 14th consecutive quarter of double-digit EPS growth • Completed acquisition of Spartech • Announced the creation of a new Specialty segment – Designed Structures and Solutions • Completed the sale of our non-core resin assets • Realigned our Specialty Coatings business into our GCAI segment Page 6 PP&S 15% Specialty 60% Distribution 25% 0.12 0.27 0.21 0.13 0.68 0.82 1.00 2.50 $0.00 $0.25 $0.50 $0.75 $1.00 $1.25 $1.50 $1.75 $2.00 $2.25 $2.50 2006 2007 2008 2009 2010* 2011* 2012* 2015 Target Ad ju st ed E ar ni ng s P er S ha re Appliance 6% Building & Construction 13% Wire & Cable 9% Electrical & Electronics 4% Consumer 9% Packaging 18% Industrial 10% Misc. 5% HealthCare 9% Transportation 16% Textiles 1% United States 70% Europe 14% Canada 8% Asia 5% Latin America 3% 2012 Revenues: $4.0 Billion* End Markets* 2012 Revenues: $4.0 Billion* EPS Page 7 * Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms & excludes discontinued operations PolyOne At A Glance * Restated to exclude discontinued operations Old PolyOne Transformation *Operating Income excludes corporate charges and special items **Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes resin assets 2% 34% 43% 45% 60% 65 – 75% 0% 20% 40% 60% 80% 100% 2005 2008 2010 2012 2012PF** 2015 % o f O pe ra tin g In co m e* JV's PP&S Distribution Specialty Specialty OI $5M $46M $87M $114M $150M Target Mix Shift Highlights Specialty Transformation 2015 Target Page 8 2007 Q1 2013 2015 Target 1) Operating Income % Specialty: Global Color, Additives & Inks 4.6% 11.7% 12 – 16% Global Specialty Engineered Materials 1.3% 10.1% 12 – 16% Designed Structures & Solutions -- 4.6% 8 – 10% Performance Products & Solutions 6.1% 8.1% 9 – 12% Distribution 3.0% 6.0% 6 – 7.5% 2) Specialty Platform % of Operating Income 20% 60% 65 – 75% 3) ROIC* (after-tax) 7% 9.2% 15% 4) Adjusted EPS Growth N/A 29% Double Digit Expansion Proof of Performance & 2015 Goals *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period Page 9 *Percentage of Specialty Platform revenue from products introduced in last five years 19.5% 50.0% 2006 Q1 2013 $20.3 $41.9 2006 2012 14.3% 27.8% 2006 Q1 2013 Research & Development Spending Specialty Platform Vitality Index Progression* Innovation Drives Earnings Growth ($ millions) Specialty Platform Gross Margin % Page 10 We are Experts in Polymer Science and Formulation Polymer Science Formulation Chemistry Processing Inputs Base Resins Additives Modifiers Colorants Specialized Polymer Materials, Services, and Solutions Expertise Satisfied Consumers PolyOne Customer Innovative Products & Services Marketplace Demands Performance Requirements Value Drivers Page 11 Positioned for Strong Growth 2015 Target Rev: $5B Adj.
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 12 2012 Rev: $2.9B Adj.
Specialty platform operating mix percentage 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% * 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 excludes the Resin business assets.
https://www.avient.com/sites/default/files/2020-10/2020-gravi-tech-processing-guide.pdf
Base Resin ABS PA PBT PC PE PEEK PP PPS Barrel Temperatures °F (°C) Rear Zone 400–475 (200–250) 480–540 (248–282) 480–520 (250–270) 480–570 (250–300) 400–445 (200–230) 660–700 (350–475) 400–440 (200–225) 520–600 (270–300) Center Zone 410–480 (205–253) 490–550 (254–287) 485–525 (251–273) 500–580 (260–305) 410–455 (207–237) 670–710 (357–385) 410–450 (205–230) 550–610 (285–310) Front Zone 420–490 (210–257) 500–560 (260–293) 490–530 (254–276) 515–590 (267–310) 420–465 (213–243) 680–720 (363–400) 420–455 (215–235) 570–620 (300–320) Nozzle 425–500 (215–260) 510–570 (265–298) 490–540 (254–282) 530–600 (275–315) 430–475 (220–250) 700–730 (370–395) 430–460 (220–240) 610–620 (320–325) Melt Temperature 425–515 (215–270) 510–570 (265–298) 490–540 (254–282) 530–615 (275–325) 430–495 (220–260) 700–725 (370–385) 430–475 (220–250) 610–635 (320–335) Mold Temperature 140–200 (60–90) 150–300 (65–148) 140–280 (60–137) 160–240 (70–115) 80–140 (25–60) 300–400 (150–200) 80–140 (25–60) 190–300 (90–150) Drying Parameters 190 (90) 2–4 Hours 0.01%–0.15% 180 (82) 4–5 Hours 0.10%–0.20% 275 (135) 3–4 Hours 0.02%–0.04% 250 (125) 3–4 Hours 0.02% 160 (70) 2 Hours 300 (150) 3–4 Hours 0.10% 160 (70) 2 Hours 280 (135) 2–3 Hours 0.01%–0.20% Nozzle Type General Purpose Nylon or Reverse Taper General Purpose General Purpose General Purpose General Purpose General Purpose General Purpose Injection Velocity1 2–5 in/sec; 50–127 mm/sec Injection Pressure Medium to high (may range from 1,000–4,000 psi; 7-28 Mpa) Back Pressure 50–100 psi; 0.3–0.7 Mpa Screw Speed 25–75 RPM Cushion 0.125–0.250 in; 3–6 mm Screw Compression Ratio2 2.0:1–2.5:1 Processing Guide 3 Base Resin ABS PA PBT PC PE PEEK PP PPS Barrel Temperatures °F (°C) Rear Zone 400–475 (200–250) 480–540 (248–282) 480–520 (250–270) 480–570 (250–300) 400–445 (200–230) 660–700 (350–475) 400–440 (200–225) 520–600 (270–300) Center Zone 410–480 (205–253) 490–550 (254–287) 485–525 (251–273) 500–580 (260–305) 410–455 (207–237) 670–710 (357–385) 410–450 (205–230) 550–610 (285–310) Front Zone 420–490 (210–257) 500–560 (260–293) 490–530 (254–276) 515–590 (267–310) 420–465 (213–243) 680–720 (363–400) 420–455 (215–235) 570–620 (300–320) Nozzle 425–500 (215–260) 510–570 (265–298) 490–540 (254–282) 530–600 (275–315) 430–475 (220–250) 700–730 (370–395) 430–460 (220–240) 610–620 (320–325) Melt Temperature 425–515 (215–270) 510–570 (265–298) 490–540 (254–282) 530–615 (275–325) 430–495 (220–260) 700–725 (370–385) 430–475 (220–250) 610–635 (320–335) Mold Temperature 140–200 (60–90) 150–300 (65–148) 140–280 (60–137) 160–240 (70–115) 80–140 (25–60) 300–400 (150–200) 80–140 (25–60) 190–300 (90–150) Drying Parameters 190 (90) 2–4 Hours 0.01%–0.15% 180 (82) 4–5 Hours 0.10%–0.20% 275 (135) 3–4 Hours 0.02%–0.04% 250 (125) 3–4 Hours 0.02% 160 (70) 2 Hours 300 (150) 3–4 Hours 0.10% 160 (70) 2 Hours 280 (135) 2–3 Hours 0.01%–0.20% Nozzle Type General Purpose Nylon or Reverse Taper General Purpose General Purpose General Purpose General Purpose General Purpose General Purpose Injection Velocity1 2–5 in/sec; 50–127 mm/sec Injection Pressure Medium to high (may range from 1,000–4,000 psi; 7-28 Mpa) Back Pressure 50–100 psi; 0.3–0.7 Mpa Screw Speed 25–75 RPM Cushion 0.125–0.250 in; 3–6 mm Screw Compression Ratio2 2.0:1–2.5:1 Comments 1.
PC Compounds: 0.001"–0.002" depth and 0.250" width PC/PSU Compounds: 0.002"–0.003" depth and 0.250" width PES Compounds: 0.003"–0.004” depth and 0.250" width PEI Compounds: 0.001"–0.003” depth and 0.250" width PP Compounds: 0.001"–0.002” depth and 0.250" width ABS Compounds: 0.0015"–0.0025” depth and 0.250" width PEEK Compounds: 0.002"–0.004” depth and 0.250" width Nylon Compounds: 0.002" min. depth and 0.250" width Increase vent depth to 1.0mm (0.040") at 4.0mm (0.250") away from the cavity and vent to atmosphere.
https://www.avient.com/sites/default/files/2024-08/Automotive General Design Technology Guide.pdf
Contact us at 1.844.4AVIENT (844.428.4368) or visit us at avient.com. http://www.avient.com APPLICATIONS RESIN TYPE COLOR EFFECTS SUGGESTED (please click on link below to see examples) IP Components Door Trim Console Seat Back Panel Talc-Filled PP/ TPO Metallic (various shades) Metallic (solid metal) Metallic (larger flakes - mimics paint) Laser Marking Granite (fibers) Granite (specks) Marble Lower Pillars Quarter Trim Panel Seat Side Shield Safety Restraints PP (unfilled) Granite (fibers) Granite (specks) Laser Marking OnColor REC Colorants (seat shields) Marble Upper Pillar Trim Grab Handles Headliner TPO Bright Colors (grab handles) Granite (fibers - minimal pillars) Laser Marking Shifter Knobs TPU Metallic (solid metal) Laser Marking Granite (fibers) Marble APPLICATIONS RESIN TYPE COLOR EFFECTS SUGGESTED (please click on link below to see examples) Door Trim Pull Cup Console Cupholder Bezels Console Decorative Bezels/ Trim Rings ABS Metallic (bright chromatic colors) Metallic (solid metal) Marble Laser Marking (pattern on metallic) Shade Mirrors Rearview Mirror Overhead Console Bin Tray PC+ABS Marble Laser Marking Granite (fibers) Headrest Guides HDPE Metallic (solid metal) Bin & Pullcup Mats Cupholders Safety Restraints Overmolding TPE Laser Marking Bright Colors Marble Granite (fibers) Safety Restraints Sun Visor Vanity Frame Door Handle Bezels Switch Bezels Armrest Pullcup GF PA Metallic (solid metal) A/C Vent Vanes Door Handle Seat Handle Carpet Clips GF PA Metallic (solid metal) Granite (fibers) APPLICATIONS RESIN TYPE COLOR EFFECTS SUGGESTED (please click on link below to see examples) Lower Pillars Quarter Trim Panel Seat Side Shield Safety Restraints POM Metallic (solid metal) Metallic (various shades) Granite (fibers) Bezels Lenses PMMA Translucent/Tint/Fluorescent Bezels Lenses ASA Light Diffusion Exterior Badging Exterior Mirrors ASA Metallic (solid metal) Laser Marking Metallic (various shades) 1.844.4AVIENT www.avient.com Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2023-04/Fiber Colorants and Additives Brochure.pdf
Renol™ & Remafin™ Fiber Colorants Black & White STANDARD AND CUSTOM BLACK CONCENTRATES • High pigment concentrations for high tinting strength • Lower concentrations to meet specific customer needs • Tailored for special requirements, with specific physical/rheological properties STANDARD AND CUSTOM WHITE CONCENTRATES • TiO2 based with excellent opacifying or tinting strength • Optical white to improve the surface whiteness and/or brighteness of end articles • Regulatory compliance support Product characteristics • Optimal melt flow properties allow a good mixture with the polymer matrix yielding the best possible spinnability • Full pigment dispersion ensures maximum CPF/Spinning pack life • Carriers: PET, PBT, PA 6, PA 66, PP, and others Applications • Continuous filament spinning, including fine denier (POY, FDY, HOY, bi-component yarns) • Long and short spinning staple fiber • Spunbond SINGLE PIGMENT DISPERSIONS (SPDS) We have extensive experience in using advanced technologies and special raw materials, which make our SPDs suitable for more demanding applications.
Product characteristics • Good spinnability • Full dispersion • Excellent tinting strength • Maximum fastness properties • Lot-to-lot consistency • Carriers: PET, PBT, PA 6, PP Applications • Continuous filaments (POY, FDY, HOY, BCF) • Long and short spinning staple fiber Renol™ & Remafin™ Fiber Colorants Single Pigment Dispersions & Custom Colors Special Products Our portfolio includes color formulations for high-tenacity yarn applications.
Product range • Flame retardants to reduce flammability of fibers and fabrics especially in building and construction applications • Light stabilizers to protect fibers used outdoors or exposed to sunlight against UV light • Antimicrobials to protect hygienic fiber products from bacteria proliferation • Antistatics to reduce electrostatic charges • Antioxidants to reduce polymer oxidation during spinning and protect fabrics during service life • Optical brighteners to provide a brilliant white effect and blueish hue • Electrets to retain electrostatic charge on the polymer surface for a longer period of time in filtration applications • Hydrophobics to impart durable water repellency • Chain extenders for recycled polyester fibers • Others on request Product characteristics • Good spinnability • Fiber-specific QC and protocols • Lot-to-lot consistency • Carriers: PET, PBT, PA 6, PP, and others • Possibility to combine colors and additives into a combination concentrate for convenience • Product guidance from our fiber expert team • Focus on safe and sustainable formulations Applications • Continuous filaments (POY, FDY, HOY, BCF) • Long and short spinning staple fiber • Nonwoven processes (spunbond and meltblown) Cesa™ Fiber Additives MagIQ™ Liquid Fiber Colorants & Additives Multiple color production • Depending on the manufacturing set-up, several injection points can be added to enable multiple color production at the same time on a single extruder Batch size flexibility • Fiber producers can manufacture anything from a few kilograms to hundreds of tons using the same simple process Rapid color changes • No extruder contamination and easy color-on, color-off operation increases color change speed Waste reduction • Rapid color changes, precise metering and the ability to adjust color in-line reduces waste during color changeovers Continuous metering & long spin pack life • High pigment and dye concentrations mean fewer pack changes are required • Where color is running low for larger volume runs, low level metering sensors alert operators and packs can be changed without disrupting production In-line IV adjustment • Specialist additives are available to adjust Intrinsic Viscosity (IV) in-line for rPET applications • These additives are available as single products, or can be combined with color to create a multi- functional formulation Color design service • Avient offers a dedicated color design service to help shorten product development cycles and enhance market agility Liquid color processing • Formulations are stable at temperatures up to 60°C and retain good flow properties at temperatures as low as 10°C • These formulations can help lower yarn friction and abrasion, and there is no fuming or evaporation during production Avient’s liquid fiber colorant technology combines advanced liquid color formulations with state-of-the-art, high-pressure metering equipment to enable late-stage injection of liquid color for spun-dyed polymer melt.
https://www.avient.com/investor-center/news/avient-announces-record-first-quarter-2021-results-increases-full-year-guidance
April 30, 2021
April 30, 2021
April 30, 2021
https://www.avient.com/sites/default/files/2021-02/avient-ir-presentation-goldman-sachs-and-morgan-stanley.pdf
Q 4 AN D FU LL Y EA R 2020 PE RF O RM AN CE $0.30 $0.52 2019 PF 2020 Q4 2020 ORGANIC PERFORMANCE 9 Sales $922 $997 2019 PF 2020 +8% Adjusted Operating Income Adjusted EPS $58 $80 2019 PF 2020 +38% +73% • Record 4th quarter sales, adjusted operating income and adjusted EPS performance • All segments delivered year-over-year sales and operating income growth, led by consumer and healthcare end markets • Clariant Masterbatch integration synergy capture ahead of schedule: $5 million realized in 2020 ($ in millions except EPS) (1) (1) (1) (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition Q4 2020 SEGMENT PERFORMANCE 10 Sales Operating Income $100 $100 $100 $922 $100 $100 $100 $997 Distribution CAI SEM Total 2019 2020 $178 $272 $490 $191 $305 $526 SEM Distribution CAI 2019PF 2020 +8% +7% +7% +12% $5 $5 $5 $58 $5 $5 $5 $80 Avient CAI SEM Total 2019 PF 2020 $17 $19 $40 $18 $30 $58 Distribution SEM CAI 2019PF 2020 +38% +45% +58% +6% (3) (3) ($ in millions) (1) (2) (1) Total company sales include intercompany sales eliminations (2) Total company reflects adjusted operating income and includes corporate costs (3) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition 2020 HIGHLIGHTS 11 • Completed transformational Clariant Masterbatch acquisition and created new brand name Avient • Increased pro forma adjusted EPS 11% from $1.74 to $1.93 as an essential supplier during the pandemic and due to growth in demand for consumer applications • Specialty Engineered Materials delivered record operating income on gains from composites • Achieved record free cash flow, increased dividend for 10th year in a row and delevered from 3.5x to 2.7x net debt to pro forma adjusted EBITDA • Culture is everything: Certified as a Great Place to Work® $133 $150 2019PF 2020PF 10% 23%8% 21% 4% 15% 2006 2020PF Healthcare Consumer Packaging Avient Portfolio Transformation 22% 59% CLARIANT MASTERBATCH: TRANSFORMATIONAL ACQUISITION 12 Clariant MB EBITDA Growth Purchase Price Multiple 10.8 9.6 6.5 2019PF 2020PF 2020PF w/ Full Synergies x x x • Acquisition of Clariant Masterbatch significantly expands presence in healthcare, packaging and consumer end markets • Strength of portfolio – 13% EBITDA growth as an essential supplier in COVID response and recovery • Acquisition completed on July 1, 2020 for $1.4 billion.
16 2021 O U TLO O K Synergies ($ millions) Initial Three-Year Estimate Revised Three-Year Estimate 2021 Expected Realization Administrative $ 18 $ 20 $ 15 Sourcing 24 30 15 Operational 18 25 5 Total Synergies $ 60 $ 75 $ 35 CLARIANT INTEGRATION & COST SYNERGIES UPDATE 18 • Integration going extremely well: synergy target increased from $60 million to $75 million • $5 million of synergies in 2020 and expect to realize $35 million in 2021 • Relentless focus on guiding principles of safety first, employee collaboration and exceeding customer expectations • Future revenue synergies are not part of these estimates and represent additional growth over the long term $86 $103 2020PF 2021E $0.53 $0.70 2020PF 2021E ORGANIC GROWTH PROJECTIONS – Q1 (TOTAL COMPANY) 19 Sales Adjusted Operating Income $991 $1,090 2020PF 2021E + 10% Adjusted EPS + 20% + 32% (in millions) (in millions) (1) (1) (1) (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition $308 $360 2020PF 2021E $1.93 $2.40 2020PF 2021E ORGANIC GROWTH PROJECTIONS – FULL YEAR (TOTAL COMPANY) 20 Sales Adjusted Operating Income $3,783 $4,100 2020PF 2021E + 8% Adjusted EPS + 17% + 24% (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition (1) (1) (in millions) (in millions) (1) 2020 Pro forma $3,783 $308 Sustainable Solutions 60 11% 24 Healthcare 60 11% 18 Composites 20 10% 10 Growth in Emerging Regions 50 7% 11 Other (GDP growth) 82 5% 11 Sub-total $4,055 7% $382 COVID Response Applications (25) - (11) Outdoor High Performance Applications (15) - (7) Asia Payroll Tax Subsidy (COVID) - - (4) FX Impact 85 - 7 Synergies - - 30 Incentives, Travel, Other Employee Costs - - (37) 2021 Estimated $4,100 8% $360 2021 ORGANIC SALES AND OPERATING INCOME (TOTAL COMPANY) 21 (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition (2) COVID Response Applications: facemasks, personal protective equipment Sales Growth Rate Adjusted Operating Income$ millions (1) (2) CASH FLOW AND LEVERAGE 22 • Asset light business generates significant free cash flow • Cash generation in 2021 partially offset by restructuring activities to capture synergies associated with the Clariant Masterbatch acquisition • Cash flow deployed to M&A, opportunistic share repurchases and balance sheet / leverage reduction 3.5x 2.7x 2.1x 2019PF 2020PF 2021E Net Debt / Adjusted EBITDA (1) (1) (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition ($ millions) 2020 2021E Adjusted EBITDA 382 510 Working Capital: Source / (Use) 116 (30) Cash Taxes (40) (53) Interest Paid (67) (76) CapEx (62) (75) CapEx for Synergy Capture (2) (20) Restructuring for Synergy Capture (11) (25) Other 22 19 Free Cash Flow 338 250 23 • 8% increase in sales drives 24% increase in adjusted EPS to $2.40 ($2.70 excluding step-up depreciation and amortization) as a result of continued growth in sustainable solutions and synergy capture • Clariant synergy capture ahead of schedule: $35M of savings planned from Clariant Masterbatch acquisition • Adjusted EBITDA of $510M – highest level in company history • Deleveraging ahead of schedule – 2.1x net debt to adjusted EBITDA by the end of 2021 2021 PROJECTIONS PEER COMPARISONS 24 As a specialty formulator, we don’t require significant capital investment, as compared to the base resin raw material suppliers we purchase from.
With the Clariant Masterbatch acquisition and divestment of the PP&S business, our exposure is now concentrated in less-cyclical and high-growth markets, with increased geographic diversification and a more specialized portfolio that can significantly expand EBITDA margins. 27 Avient reflects 2021 estimated EBITDA of $510M OUR VALUATION VERSUS PEERS Avient Specialty Formulators Other Chemical/Specialty Companies 9.5 21.1 13.2 13.2 12.0 12.0 9.7 25.2 23.1 14.7 13.5 12.9 11.0 11.0 11.0 10.2 9.6 9.3 9.3 9.1 8.6 8.3 A vi en t K W R A V Y R P M G C P P P G F U L A L B E C L H X L IF F F M C G R A B N R F O E A S H C E S C L U N V R E M N H U N K R A Median: 11.0xMedian: 12.6x SUMMARY: WHY INVEST IN AVIENT?
https://www.avient.com/sites/default/files/resources/Gabelli%2520Conf%2520-%2520POL%2520IR%2520Presentation%2520wNon%2520GAAP%2520Reconciliation%252003%252026%252015.pdf
PolyOne Corporation Page 4 PolyOne Commodity to Specialty Transformation • Volume driven, commodity producer • Heavily tied to cyclical end markets • Performance largely dependent on non- controlling joint ventures 2000-2005 2006 - 2009 2010 – 2014 2015 and beyond • Steve Newlin appointed, Chairman, President and CEO • New leadership team appointed • Implementation of four pillar strategy • Focus on value based selling, investment in commercial resources and innovation to drive transformation • 21 consecutive quarters of double- digit adjusted EPS growth • Shift to faster growing, high margin, less cyclical end markets • Key acquisitions propel current and future growth, as well as margin expansion • Established aggressive 2015 targets • Continue specialty transformation • Vitality index and innovation driving growth and expanding margins • Specialty business margins have 20+% potential • Double digit operating income and adjusted EPS growth PolyOne Corporation Page 5 Appliances 5% Building & Construction 12% Consumer 10% Electrical & Electronics 5% Healthcare 11% Industrial 14% Packaging 14% Transportation 20% Wire & Cable 9% Distribution 28% PP&S 20% Specialty 52% United States 69% Europe 13% Canada 7% Asia 6% Latin America 5% 2014 Revenues: $3.8 Billion End Markets 2014 Revenues: $3.8 Billion PolyOne At A Glance $13 $31 $46 $46 $92 $96 $122 $195 $242 2006 2007 2008 2009 2010 2011 2012 2013 2014 Specialty Operating Income ($M) PolyOne Corporation Page 6 Old PolyOne *Operating Income excludes corporate charges and special items 2% 34% 43% 62% 65% 0% 20% 40% 60% 80% 100% 2005 2008 2010 2013 2014 2015 % o f O pe ra tin g In co m e* JV's Performance Products & Solutions Distribution Specialty 65-75% Specialty OI $5M $46M $87M $195M $242M Target Mix Shift Highlights Specialty Transformation Transformation 2015 Target PolyOne Corporation Page 7 Confirmation of Our Strategy The World’s Premier Provider of Specialized Polymer Materials, Services and Solutions Specialization Globalization Operational Excellence Commercial Excellence PolyOne Corporation Page 8 -150% -50% 50% 150% 250% 350% 450% 550% PolyOne S&P 500 Strategy and Execution Drive Results $0.12 $0.27 $0.21 $0.13 $0.68 $0.82 $1.00 $1.31 $1.80 '06 '07 '08 '09 '10 '11 '12 '13 '14 ‘06-‘14 EPS CAGR = 40% EPS Share Price vs.
S&P 500 All time high of $43.34 July 1st, 2014 PolyOne Corporation Page 9 2006 2014 2015 Target “Where we were” “Where we are” (Est. in 2012) 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 14.7% 12 – 16% Global Specialty Engineered Materials 1.1% 12.1% 12 – 16% Designed Structures & Solutions 1.4% (2012) 7.3% 8 – 10% Performance Products & Solutions 5.5% 7.7% 9 – 12% Distribution 2.6% 6.1% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 65% 65 – 75% 3) ROIC* 5.0% 11.3% 15% 4) Adjusted EPS Growth N/A 37% Double Digit Expansion *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period Proof of Performance & 2015 Goals PolyOne Corporation Page 10 Continuing Earnings Growth Double Digit EPS Expansion Ongoing LSS Programs Incremental Share Buybacks Mergers & Acquisitions Continued Gross Margin Expansion Mid Single Digit Revenue Growth Accelerated Innovation & Mix Improvement PolyOne Corporation Page 11 Innovation Drives Earnings Growth *Percentage of Specialty Platform revenue from products introduced in last five years $20 $53 2006 2014 Research & Development Spending ($ millions) Specialty Platform Vitality Index Progression* 14% 27% 2006 2014 Specialty Platform Gross Margin % 20% 44% 2006 2014 Specialty Vitality Index Target ≥ 35% PolyOne Corporation Page 12 Megatrends Aligned with Key End Markets Decreasing Dependence on Fossil Fuels Protecting the Environment Improving Health and Wellness Megatrend End Markets Globalizing and Localizing Health & Wellness Transportation Packaging Consumer PolyOne Corporation Page 13 60% 94% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 2014 Pension Funding** As of December 31, 2014 Debt Maturities & Pension Funding – 12/31/14 Net Debt / EBITDA* = 1.9x $49 $317 $600 $0 $100 $200 $300 $400 $500 $600 $700 $800 2015 2020 2023 Debt Maturities As of December 31, 2014 ($ millions) Coupon Rate: 7.500% 7.375% 5.250% ** includes US-qualified pension plans only *TTM 12/31/2014 PolyOne Corporation Page 14 Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return Expanding our sales, marketing, and technical capabilities Investing in operational and LSS initiatives (including synergy capture) ~75% of capital expenditures fund growth initiatives Organic Growth Acquisitions Share Repurchases Dividends $0.16 $0.20 $0.24 $0.32 $0.40 $0.10 $0.20 $0.30 $0.40 $0.50 2011 2012 2013 2014 2015 Annual Dividend Targets that expand our: • Specialty offerings • End market presence • Geographic breadth • Operating Margin Synergy opportunities Adjacent material solutions Repurchased 1.6 million shares in Q4 2014 Repurchased 11.3 million shares since early 2013 8.7 million shares are available for repurchase under the current authorization PolyOne Corporation Page 15 PolyOne Core Values Innovation Collaboration Excellence PolyOne Corporation Page 16 The New PolyOne: A Specialty Growth Company Why Invest In PolyOne?
Strong performance demonstrates that our strategy and execution are working Megatrends and emerging opportunities align with our strengths Innovation and services provide differentiation, incremental pricing power, and competitive advantage Strong and proven management team driving growth and performance Addressable market exceeds $40 billion PolyOne Corporation Page 17 Appendix PolyOne Corporation Page 18 +25% $262 $320 $200 $275 $350 2013 2014 Adjusted Operating Income (in millions) +22% 2014 Financial Highlights All of our segments delivered both operating income and margin expansion during the year Our specialty businesses achieved record levels of profits and profitability this year Achieved 21st consecutive quarter, or over five years, of strong, double-digit adjusted EPS growth +37% $1.31 $1.80 $1.00 $1.50 $2.00 2013 2014 Adjusted EPS $195 $242 $150 $200 $250 2013 2014 Specialty Operating Income (in millions) PolyOne Corporation Page 19 Appliances 2% Building & Construction 12% Consumer 7% Electrical & Electronics 1% Healthcare 6% Industrial 14% Packaging 31% Textiles 7% Transportation 8% Wire & Cable 12% 1.7% 4.6% 5.1% 5.5% 7.2% 8.1% 9.7% 12.2% 12-16% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Operating Income % of Sales At a Glance Global Color, Additives and Inks 2014 Revenues: $0.9 Billion Solutions Expanding Profits 2014 Revenue by Industry Segment 14.7% Target United States 44% Europe 36% Canada 2% Asia 12% Latin America 6% PolyOne Corporation Page 20 Appliances 4% Building & Construction 3% Consumer 18% Electrical & Electronics 16% Healthcare 12% Industrial 8% Packaging 5% Transportation 20% Wire & Cable 12% At a Glance Global Specialty Engineered Materials 2014 Revenues: $0.6 Billion Solutions 2014 Revenue by Industry Segment Expanding Profits 1.1% 1.3% 3.4% 5.1% 9.6% 8.0% 8.6% 9.3% 12-16% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Operating Income % of Sales Target 12.1% United States 44% Europe 33% Canada 2% Asia 19% Latin America 2% PolyOne Corporation Page 21 Appliances 2% Building & Construction 8% Consumer 5% Healthcare 6% Industrial 23% Packaging 27% Transportation 30% United States 96% Canada 4% At a Glance Designed Structures and Solutions Solutions 2014 Revenues: $0.6 Billion Expanding Profits 2014 Revenue by Industry Segment 1.4% 5.6% 7.3% 8-10% 2012 2013 2014 2015 Operating Income % of Sales Target PolyOne Corporation Page 22 Appliances 8% Building & Construction 33% Consumer 5% Electrical & Electronics 3% Healthcare 1% Industrial 11% Packaging 5% Transportation 18% Wire & Cable 16% 5.5% 6.9% 3.8% 3.6% 5.5% 4.3% 6.3% 7.2% 2006 2007 2008 2009 2010 2011 2012 2013 2014 Operating Income % of Sales At a Glance Performance Products and Solutions Solutions Expanding Profits 2014 Revenues: $0.8 Billion 9-12% Target 2014 Revenue by Industry Segment 2015 7.7% United States 80% Canada 14% Asia 2% Latin America 4% PolyOne Corporation Page 23 Appliances 6% Building & Construction 5% Consumer 13% Electrical & Electronics 6% Healthcare 23% Industrial 15% Packaging 4% Transportation 25% Wire & Cable 3% 2.6% 3.0% 3.5% 4.0% 4.6% 5.6% 6.4% 5.9% 6 - 7.5% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Operating Income % of Sales 15% 52% 2006 2014 At a Glance Distribution *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period Key Suppliers 2014 Revenues: $1.1 Billion ROIC* Expanding Profits 6.1% Target http://www.polyone.com/Pages/VariationRoot.aspx PolyOne Corporation Page 24 2 lbs Plastic = 3 lbs aluminum or 8 lbs steel or 27 lbs glass 33% less material by weight than aluminum 75% less material by weight than steel 93% less material by weight than glass Requires 91% less energy to recycle a pound of plastic versus a pound of paper Source: SPI: Sustainability and the Plastics Industry Plastics: Key to Future Sustainable Development PolyOne Corporation Page 25 Commitment to Operational Excellence 81% 93% 2006 2014 16.2% 9.9% 2006 2014 On-Time Delivery Working Capital % of Sales 5% 43% 2006 2014 Percent of Associates Trained in LSS Four consecutive years – CFO Magazine Best Working Capital Management in the chemical industry World’s Best Business Process Excellence Program in 2012* 103 trained Black Belts 247 trained Green Belts 127 trained Kaizen Leaders World’s Best Start-up Program for Lean Six Sigma Deployment in 2009* *Both awards received from International Quality and Productivity Center PolyOne Corporation Page 26 Prototype Frame Opportunity Scale-up & Test Market Build Business Case Commercial Launch Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 4 11 5 10 6 9 3 4 2 15 9 1 10 4 Breakthrough Platform Derivative A Rich Pipeline of Opportunity Number of Projects 25 14 19 17 18 93 Addressable Market ($ millions) TBD TBD $800 $450 $450 $1,700 PolyOne Corporation Page 27 Application Examples PolyOne Corporation Page 28 $1.5 billion attractive, growing market Additives improve performance and reduce cost through light-weighting, reduced waste, faster cycle times, and extended shelf life of finished product Aligned with megatrend of protecting the environment: Sustainability benefits include lower package weight and improved recyclability of package at end of use Market Opportunity Leading Global Supplier of Additives In Fast Growing PET Market Shelf-life extension Greater product consistency Recyclability and reduced carbon footprint Color and Special Effects Weight reduction Enhanced product aesthetics High heat resistance 4% 4% 8% 9% 9% 10% 11% 14% Western Europe North America South America MEA Easter Europe Asia Pacific China India PET 2008-13P CAGR PET Bottling Technology PolyOne Corporation Page 29 • Includes formulation and consultative services to assist manufacturers and brand owners in positively identifying their finished goods • Protects brand equity & consumer welfare • Reduces exposure to unwarranted recall expenses • Secures supply chain integrity – support for safe expansion into new geographies Authentication Technology PolyOne Corporation Page 30 • Color harmonization across 15 unique color-and-polymer combinations • Eliminated need for multiple pre- colored materials • Reduced Land Rover’s working capital Range Rover Evoque Interior PolyOne Corporation Page 31 • Reduced health and environmental impact • System cost reduction • Radiation-shielding performance • Parts consolidation • Design freedom CT Scanner PolyOne Corporation Page 32 Metal Replacement Solutions • Replaces metal in LED lighting • Extends LED durability and life span eliminating hot spots • Greater design flexibility with fewer parts • Weight reduction • Simplifies manufacturing and lowers total production cost PolyOne Corporation Page 33 Next Generation Solar Charger • Ginkgo Solar Tree charger utilizing our unique reSound™ material • reSound™ is a durable material consisting of 50% bio-derived plastic and 50% traditional petroleum-based plastic • Use of reSound™ reduced the carbon footprint for this product by 35% • reSound™ Is classified as a PolyOne Sustainable SolutionSM PolyOne Sustainable SolutionSM PolyOne Corporation Page 34 High-Barrier Packaging Containers • Capability to extrude up to 13 layers • Strong oxygen and moisture vapor transmission protection • Can be made symmetrical or asymmetrical to meet customized needs of broad variety of applications • Barrier protection and superior organoleptic properties PolyOne Corporation Page 35 Aerospace Applications • Leading provider of specialty materials for the aerospace industry • Typical applications Mil-spec aircraft windows, canopies, windscreens, instrument panels, wingtip lenses Interior – gallery furnishings, tray tables, arm rests, trim strips, joint/edge coverings • Benefits: High impact strength Resistant to UV rays Flame and smoke compliance Easy to clean with aggressive cleaners; anti-microbial grades available Range of sizes, thicknesses, colors, etc. 1 Schedule I Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except per share data) Below is a reconciliation of non-GAAP financial measures to the most directly comparable measures calculated and presented in accordance with U.S.