https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Financial%2520Review.pdf
Microsoft PowerPoint - Investor Day 2012_05072012.pptx
Financial Review
Richard J.
Page 93
2011 Highlights
• Versus 2010, revenue growth of 9% drives 23% increase
in adjusted operating income
• Adjusted EPS expands 29% to all-time high of $1.02
Net Sales Adjusted Operating
$1.02
Adjusted EPS
$2,622 $2,643
$2,739
$2,061
$2,622
$2,864
Net Sales
$88 $87
$72
$59
$147
$181
Adjusted Operating
Income
$0.12
$0.27
$0.21
$0.13
$0.79
$1.02
($ millions) ($ millions)
Page 94
2011 Highlights
• Each platform contributed to our year over year
operating income growth
• Record OI achieved in Specialty and POD
• Ten quarters of double-digit adjusted EPS expansion
POD PP&SSpecialty Platform
ROS%* 0.6% 1.5% 3.2% 4.3% 5.3% 8.4% 8.0% 2.9% 2.6% 3.0% 3.5% 4.0% 4.6% 5.6% 6.7% 5.5% 6.1% 3.1% 5.0% 7.0% 7.2%
$20 $19
$22
$28
$25
$42
$56
O
p
e
ra
ti
n
g
I
n
c
o
m
e
POD
$76
$64 $66
$31 $33
$54
$62
O
p
e
ra
ti
n
g
In
c
o
m
e
PP&S
$5
$13
$31
$46 $46
$87 $89
O
p
e
ra
ti
n
g
I
n
c
o
m
e
Specialty Platform
*ROS% is defined as adjusted operating income % of revenue
($ millions)
Page 95
2011 Highlights
• Continued portfolio repositioning
� Sale of SunBelt equity investment
� Acquisition of specialty companies ColorMatrix and Uniplen
• World-class working capital of 9.6% maintained while
improving on-time delivery to 94%improving on-time delivery to 94%
81%
87%
88%
95%
93% 92%
94%
2005 2006 2007 2008 2009 2010 2011
14.3%
16.2%
14.4%
18.9%
11.7%
9.6% 9.6%
2005 2006 2007 2008 2009 2010 2011
On-Time Delivery Working Capital % of Sales
Page 96
First Quarter 2012 Highlights
• Revenues increased 9%
over Q1 2011 to a new
quarterly record
• Adjusted EPS increased 12%
$0.26
$0.29
Q1 2011 Q1 2012
Adjusted EPS
• Adjusted EPS increased 12%
over prior year
• All platforms delivered
double-digit operating
income growth
Q1 2011 Q1 2012
$25.2
$14.7
$29.1
$17.8
$16.7
Specialty PP&S POD
Q1 2011 Q1 2012
Adjusted Operating Income
$14.3
($ millions)
Page 97
• Total Debt at 3/31/12
Less: Cash
Net Debt
• Available Liquidity
$706
186
$520
$300
$360
$250
$300
$350
$400
$450 Debt Maturities
As of March 31, 2012
($ millions)
Debt Maturities & Liquidity Summary – 3/31/12
• Available Liquidity
Cash
ABL Availability
Total Liquidity
• Net Debt / EBITDA* = 1.9x
$186
156
$342
*Adjusted EBITDA TTM Pro forma for ColorMatrix
$50
$300
$0
$50
$100
$150
$200
$250
2015 2017 2020
Page 98
• Repurchased 6
million shares in
2011
Share Share
RepurchaseRepurchase
• Introduced a
quarterly dividend
in Q1 2011 and
increased in Q1
DividendsDividends
• Expanding our
sales, marketing,
and technical
capabilities is top
Organic Organic
GrowthGrowth
• Targets that expand our:
• Specialty offering
• End market presence
AcquisitionsAcquisitions
Use of Cash
Current Cash Balance = $186M
Net Debt / EBITDA* = 1.9X
• 7.9 million shares
remain available
for repurchase
under the current
authorization
increased in Q1
2012
• Objective of
maintaining and
growing
capabilities is top
priority
• Investing in
operational and
LSS initiatives
• CAPEX
• End market presence
• Geographic footprint
• Synergy opportunities
• Adjacent material solutions
*Adjusted EBITDA TTM Pro forma for ColorMatrix
Page 99
Page 100
https://www.avient.com/sites/default/files/2020-08/avient-investor-presentation-jefferies-industrials-conference.pdf
Avient Corporation 1
J E F F E R I E S V I R T U A L
I N D U S T R I A L S
C O N F E R E N C E
A U G U S T 2 0 2 0
Avient Corporation 2
FORWARD LOOKING STATEMENTS
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Avient Corporation 3
U S E O F
N O N - G A A P
M E A S U R E S
•
•
•
Avient Corporation 4
U P D A T E O N T H E
C O V I D - 1 9 P A N D E M I C
•
•
•
•
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%
•
•
•
•
•
•
S E C O N D Q U A R T E R 2 0 2 0 I N R E V I E W
Consumer
Discretionary
Avient Corporation 6
CLARIANT MASTERBATCH
STRATEGIC RATIONALE
Avient Corporation 7
F I T W I T H F O U R P I L L A R 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
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 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
t
e
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
1 0
$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 C O M M E R C I A L R E S O U R C E S 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).
https://www.avient.com/sites/default/files/2022-06/Complet REC Technical Bulletin.pdf
Complēt
LGF50-PA6
Complēt REC
LGF50-PA6
Complēt REC
LGF50-PA6
Post-Consumer
Recycled Resin
0% 50% 100%
Long Glass Fiber 50% 50% 50%
Tensile Strength
35,000 psi
241 MPa
34,000 psi
234 MPa
31,500 psi
217 MPa
Tensile Modulus
2,300 ksi
15,862 MPa
2,250 ksi
15,517 MPa
2,200 ksi
15,172 MPa
Flexural Strength
52,000 psi
359 MPa
51,500 psi
355 MPa
51,500 psi
355 MPa
Flexural Modulus
2,200 ksi
15,172 MPa
2,150 ksi
14,828 MPa
2,100 ksi
14,483 MPa
Izod Notched Impact
5.5 ft-lb/in
294 J/m
4.5 ft-lb/in
240 J/m
4.0 ft-lb/in
214 J/m
Izod Un-Notched Impact
25.0 ft-lb/in
1,335 J/m
23.0 ft-lb/in
1,228 J/m
20.5 ft-lb/in
1,095 J/m
Complēt
LGF50-PA66
Complēt REC
LGF50-PA66
Complēt REC
LGF50-PA66
Post-Industrial
Recycled Resin
0% 50% 100%
Long Glass Fiber 50% 50% 50%
Tensile Strength
36,000 psi
248 MPa
34,500 psi
238 MPa
34,000 psi
234 MPa
Tensile Modulus
2,500 ksi
17,241 MPa
2,400 ksi
16,552 MPa
2,300 ksi
15,862 MPa
Flexural Strength
54,000 psi
372 MPa
52,000 psi
359 MPa
51,000 psi
352 MPa
Flexural Modulus
2,500 ksi
17,240 MPa
2,400 ksi
16,552 MPa
2,300 ksi
15,862 MPa
Izod Notched Impact
5.5 ft-lb/in
294 J/m
4.0 ft-lb/in
214 J/m
3.5 ft-lb/in
187 J/m
Izod Un-Notched Impact
22.5 ft-lb/in
1,202 J/m
19.5 ft-lb/in
1,041 J/m
19.0 ft-lb/in
1,015 J/m
COMPLĒT REC PIR TPU COMPARISON
Complēt REC PIR TPU materials are available in black or natural.
Complēt
LGF40-TPU
Complēt REC
LGF40-TPU
Complēt REC
LGF40-TPU
Complēt REC
LGF40-TPU
Post-Industrial
Recycled Resin
0% 25% 50% 75%
Long Glass Fiber 40% 40% 40% 40%
Tensile Strength
29,500 psi
203 MPa
28,000 psi
193 MPa
25,000 psi
172 MPa
21,500 psi
148 MPa
Tensile Modulus
1,700 ksi
11,724 MPa
1,650 ksi
11,379 MPa
1,600 ksi
11,034 MPa
1,550 ksi
10,690 MPa
Flexural Strength
45,500 psi
314 MPa
43,000 psi
297 MPa
37,000 psi
255 MPa
32,500 psi
224 MPa
Flexural Modulus
1,700 ksi
11,724 MPa
1,650 ksi
11,379 MPa
1,600 ksi
11,034 MPa
1,550 ksi
10,690 MPa
Izod Notched Impact
8.0 ft-lb/in
427 J/m
7.5 ft-lb/in
401 J/m
6.5 ft-lb/in
347 J/m
5.5 ft-lb/in
294 J/m
Izod Un-Notched Impact
27.0 ft-lb/in
1,442 J/m
26.0 ft-lb/in
1,388 J/m
22.5 ft-lb/in
1,202 J/m
17.5 ft-lb/in
935 J/m
1.844.4AVIENT
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