https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520KeyBanc%2520Conference%2520-%2520September%252014%25202016.pdf
Factors that could cause actual results to differ materially from those implied by these forward looking statements include but are not limited to: Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: Our ability to realize anticipated savings and operational benefits from the realignment of assets, including the closure of manufacturing facilities; The timing of closings and shifts of production to new facilities related to asset realignments and any unforeseen loss of customers and/or disruptions of service or quality caused by such closings and/or production shifts; Separation and severance amounts that differ from original estimates; Amounts for non-cash charges related to asset write-offs and accelerated depreciation realignments of property, plant and equipment, that differ from original estimates; Our ability to identify and evaluate acquisition targets and consummate acquisitions; The ability to successfully integrate acquired companies into our operations, such as Gordon Composites and Polystrand, retain the management teams of acquired companies, retain relationships with customers of acquired companies, and achieve the expected results of such acquisitions, including whether such businesses will be accretive to our earnings; Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; The financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate liquidity) to maintain their credit availability; The speed and extent of an economic recovery including the recovery of the housing market; The speed and extent of an economic recovery, including the recovery of the housing market; Our ability to achieve new business gains; The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; Changes in polymer consumption growth rates and laws and regulations regarding the disposal of plastic in jurisdictions where we conduct business; Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online; Fluctuations in raw material prices, quality and supply and in energy prices and supply; production outages or material costs associated with scheduled or unscheduled maintenance programs; Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; An inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital reductions, cost reductions and employee productivity goals; An inability to raise or sustain prices for products or services; An inability to maintain appropriate relations with unions and employees; Our ability to continue to pay cash dividends; The amount and timing of repurchases of our common shares, if any; and Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and changes in the rate of inflation PolyOne Corporation Page 2 changes in the rate of inflation. The above list of factors is not exhaustive. We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
Addressable market exceeds $40 billion St f d t t th t t t d ti 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 The New PolyOne: A Specialty Growth Company g p g g g p PolyOne Corporation Page 21 The New PolyOne: A Specialty Growth Company Appendix PolyOne Corporation Page 22 2Q 2016 Financial Highlights Performance Products & Solutions operating margin grew 370 basis $18 $16 $21 $18 $22 PP&S Operating Profit points year-over-year to 12.3% $11 $15 $16 $10 $14 $18 2Q'12 2Q'13 2Q'14 2Q'15 2Q'16 SEM O ti P fit SEM operating margin expanded 50 basis points to a record second $15 $19 $20 $21 $18 $22 SEM Operating Profit Adjusted EPS quarter level of 14.9% $13 $15 $10 $14 2Q'12 2Q'13 2Q'14 2Q'15 2Q'16 $0.37 $0.51 $0.57 $0.63 $0.45 $0.70 Adjusted EPS Second quarter adjusted EPS has grown on average 20% per year PolyOne Corporation Page 23 $0.30 $ $0.20 2Q'12 2Q'13 2Q'14 2Q'15 2Q'16 since 2012 Note: $ in millions, except per share data At a Glance Color, Additives and Inks 2015 Revenues: $0.8 Billion Solutions United States 48% Europe 33% Asia Canada 2% 12% Latin America 5% 16.7% 18.0% 20%+Operating Income % of Sales Expanding Profits2015 Revenue by Industry Segment 14.7% Packaging 31% Textiles 1.7% 4.6% 5.1% 5.5% 7.2% 8.1% 9.7% 12.2% Building & C i Consumer Healthcare 6% Industrial 13% 8% Transportation 9% Wire & Cable 11% PolyOne Corporation Page 24 1.7% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020 Platinum Vision Appliances 2% Construction 11% 8% Electrical & Electronics 1% At a Glance Specialty Engineered Materials 2015 Revenues: $0.5 Billion Solutions United States 49%49% Europe 29% Asia 20% Canada 2% 14.7% 14.9% 20%+Operating Income % of Sales 2015 Revenue by Industry Segment Expanding Profits Appliances 3% Packaging 5% Transportation 19% Wire & Cable 15% 1.1% 1.3% 3.4% 5.1% 9.6% 8.0% 8.6% 9.3% 12.1%Building & Construction 3% Consumer 20% Electrical & Electronics Healthcare 11% Industrial 8% PolyOne Corporation Page 25 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020 Platinum Vision Electronics 16% At a Glance Designed Structures and Solutions Solutions2015 Revenues: $0.5 Billion United States 97% Canada 3% 8-10% Operating Income % of Sales Expanding Profits2015 Revenue by Industry Segment Packaging 19% 1.4% 5.6% 7.3% 3.0% 1.0%Building & Construction Healthcare 7% Industrial 24% Transportation 33% PolyOne Corporation Page 26 2012 2013 2014 2015 2Q'16 2020 Platinum Vision Appliances, 3% Construction 9% Consumer 5% 7% At a Glance Performance Products and Solutions Solutions2015 Revenues: $0.7 Billion United States 79% CanadaCanada 14% Asia 2% Latin America 5% Packaging 5% Transportation 19% Wire & Cable 16% 12-14% Operating Income % of Sales Expanding Profits 12.3% 2015 Revenue by Industry Segment Appliances 7% Building & Construction 31% Electrical & El t i Healthcare 1% Industrial 13% % 5.5% 6.9% 3.8% 3.6% 5.5% 4.3% 6.3% 7.2% 8.3%7.7% PolyOne Corporation Page 27 31% Consumer 5% Electronics 3% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020 Platinum Vision At a Glance Distribution Key Suppliers2015 Revenues: $1.0 Billion Packaging 4% Transportation 24% Wire & Cable 4% Appliances 6% Building & Construction 4%Consumer 13%Healthcare Industrial 16% Electrical & Electronics 6% 23% 6 6% 6.5-7.5% 6 5% Operating Income % of Sales53% ROIC Expanding Profits 2.6% 3.0% 3.5% 4.0% 4.6% 5.6% 6.4% 5.9% 6.6% 6.5% 15% 6.1% PolyOne Corporation Page 28 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020 15% 2006 2Q 2016 Platinum Vision Plastics: Key to Future Sustainable Development 2 lbs Plastic = 3 lbs aluminum Requires 91% less energy to recycle a pound of plastic versus a pound of paper3 lbs aluminum or 8 lbs steel or a pound of paper or 27 lbs glass 33% less material by weight than aluminum 75% less material by weight75% less material by weight than steel 93% less material by weight than glass PolyOne Corporation Page 29 than glass Source: SPI: Sustainability and the Plastics Industry Application Examples PolyOne Corporation Page 30 Luxury Packaging with Gravitech Density Modified Polymers • Impart weight, sound and metallic finish to caps andmetallic finish to caps and closures for cosmetics and spirits applications • Elevate quality and prestige perceptions amongperceptions among high‐end consumers • Eliminate time and cost associated with secondary operations and assembly PolyOne Corporation Page 31 p y Medical Device Housings with Chemically Resistant Engineered Polymers • Durable, long‐lasting products stand up to the most aggressive disinfectants • Minimize environmental stress cracking and discolorationg • One of the broadest medically y approved polymer and colorant portfolios PolyOne Corporation Page 32 Printed Circuit Boards with Thermally Conductive Polymers • Replaces metal by etchingReplaces metal by etching circuit designs into thermally conductive plastic • Maintains heat transfer and cooling capabilities of metals • Reduces both weight and cost • Increases the lifetime and reliability of electronic systems PolyOne Corporation Page 33 Color & Design Services • Greater control of color development and supply chain • Work across entire design process from concept to commercialization • Inspire creativity in the use of polymer materials, colors and effects • Innovative brand differentiation • Faster development timelines PolyOne Corporation Page 34 • Faster development timelines Outdoor Applications • Leading provider of high performance specialty materials for the recreational and sports & p leisure industry • Well positioned across all segments to address market needs Metal to Polymer Conversion Lightweighting Thermal Management Impact Performance PolyOne Corporation Page 35 Source: Outdoor Industry Association Fiber Colorants Solutions for clothing, apparel, footwear, automotive & sporting goods • ColorMatrix Fiber Colorant Solutions Proprietary advanced liquid color formulations and equipment enable greater efficiency and productivity Eliminates aqueous dyeing and its associated wastewater treatment • Solid Color Concentrates Extrusion spun fibers colored viaExtrusion‐spun fibers colored via solid masterbatch PolyOne Corporation Page 36 PET Bottling Technology • $1.5 billion attractive, growing market Shelf‐life extension Weight reduction • Improve performance and reduce cost through light‐weighting, d d t f t l ti Greater product consistency l b l Enhanced product aesthetics reduced waste, faster cycle times and extended shelf life Recyclability and reduced carbon footprint aesthetics High heat • Aligned with megatrend of facing climate and resource challenges: Color and Special Effects High heat resistance Sustainability benefits include lower package weight and improved recyclability of package at end of use PolyOne Corporation Page 37 at end of use 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 l f f d• Simplifies manufacturing and lowers total production cost PolyOne Corporation Page 38 High-Barrier Packaging Containers • Capability to extrude up to 13 layers• Capability to extrude up to 13 layers • Strong oxygen and moisture vapor transmission protectiontransmission protection • Can be made symmetrical or asymmetrical to meet customizedasymmetrical to meet customized needs of broad variety of applications • Barrier protection and superiorBarrier protection and superior sensory properties PolyOne Corporation Page 39 1 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.
https://www.avient.com/sites/default/files/2021-06/fl.us-.datasheet-petpolyester.pdf
FIBERS PROCESSES PRODUCTS MOVING HIGH PERFORMANCE FIBERS FORWARD PET POLYESTER WHY PET POLYESTER?
Composition PET is produced in a melt spun and drawing process.
PET POLYESTER DATA PET POLYESTER BARE FIBER PERFORMANCE * Equilibrium moisture regain @ 55% RH ** Creep @ 40%-58% ultimate tensile strength *** Shrinkage in dry air @ 177 C for 30 minutes MOVING HIGH PERFORMANCE FIBERS FORWARD ABOUT FIBER-LINE® LOCATIONS Headquarters, R&D, Manufacturing FIBER-LINE® LLC 3050 Campus Drive Hatfield, PA 19440 +1 215.997.9181 fiber@fiber-line.com Manufacturing Operations FIBER-LINE® LLC 280 Performance Drive SE Hickory, NC 28602 +1 828.326.8700 fiber@fiber-line.com EMEA & Asia Pacific Operations FIBER-LINE® INTERNATIONAL B.V.
https://www.avient.com/sites/default/files/2020-09/edgetek-processing-guide.pdf
These materials are based on select engineering thermoplastic resins that are formulated with reinforcing additives such as carbon fiber, glass fiber and glass beads.
PROBLEM CAUSE SOLUTION Excessive Shrink Too much orientation • Increase packing time and pressure • Increase hold pressure • Decrease melt temperature • Decrease mold temperature • Decrease injection speed • Decrease screw rpm • Increase venting • Increase cooling time Not Enough Shrink Too little orientation • Decrease packing pressure and time • Decrease hold pressure • Increase melt temperature • Increase mold temperature • Increase injection speed • Increase screw rpm • Decrease cooling time Burning Melt and/or mold temperature too hot Mold design Moisture • Decrease nozzle and barrel temperatures • Decrease mold temperature • Decrease injection speed • Clean, widen and increase number of vents • Increase gate size or number of gates • Verify material is dried at proper conditions Nozzle Drool Nozzle temperature too hot • Decrease nozzle temperature • Decrease back pressure • Increase screw decompression • Verify material has been dried at proper conditions Weld Lines Melt front temperatures too low Mold design • Increase pack and hold pressure • Increase melt temperature • Increase vent width and locations • Increase injection speed • Increase mold temperature • Decrease injection speed • Increase gate size • Perform short shots to determine fill pattern and verify proper vent location • Add vents and/or false ejector pin • Move gate location Warp Excessive orientation Mold design • Increase cooling time • Increase melt temperature • Decrease injection pressure and injection speed • Increase number of gates Sticking in Mold Cavities are overpacked Mold design Part is too hot • Decrease injection speed and pressure • Decrease pack and hold pressure • Decrease nozzle and barrel temperatures • Decrease mold temperature • Increase cooling time • Increase draft angle • Decrease nozzle and barrel temperatures • Decrease mold temperature • Increase cooling time TROUBLESHOOTING RECOMMENDATIONS PROBLEM CAUSE SOLUTION Incomplete Fill Melt and/or mold temperature too cold Mold design Shot Size • Increase nozzle and barrel temperatures • Increase mold temperature • Increase injection speed • Increase pack and hold pressure • Increase nozzle tip diameter • Check thermocouples and heater bands • Enlarge or widen vents and increase number of vents • Check that vents are unplugged • Check that gates are unplugged • Enlarge gates and/or runners • Perform short shots to determine fill pattern and verify proper vent location • Increase wall thickness to move gas trap to parting line • Increase shot size • Increase cushion Brittleness Melt temperature too low Degraded/Overheated material Gate location and/or size • Increase melt temperature • Increase injection speed • Measure melt temperature with pyrometer • Decrease melt temperature • Decrease back pressure • Use smaller barrel/excessive residence time • Relocate gate to nonstress area • Increase gate size to allow higher flow speed and lower molded-in stress Fibers on Surface (Splay) Melt temperature too low Insufficient packing • Increase melt temperature • Increase mold temperature • Increase injection speed • Increase pack and hold pressure, and time • Increase shot size • Increase gate size Sink Marks Part geometry too thick Melt temperature too hot Insufficient material volume • Reduce wall thickness • Reduce rib thickness • Decrease nozzle and barrel temperatures • Decrease mold temperature • Increase shot size • Increase injection rate • Increase packing pressure • Increase gate size Flash Injection pressure too high Excess material volume Melt and/or mold temperature too hot • Decrease injection pressure • Increase clamp pressure • Decrease injection speed • Increase transfer position • Decrease pack pressure • Decrease shot size • Decrease injection speed • Decrease nozzle and barrel temperatures • Decrease mold temperature • Decrease screw speed TROUBLESHOOTING RECOMMENDATIONS www.avient.com Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2021-02/edwards-ballistic-panels-case-study.pdf
EDWARDS DESIGN & FABRICATION M O D U L A R M I L I T A R Y B A L L I S T I C S H E L T E R S • Blast and bullet resistance to protect soldiers and military assets in mortar pits, shelters, and guard towers • Lightweight for portability and quick deployment without heavy equipment • Specific colors required to provide visual cover in the field • Provided UL 752 Level 3 ballistic resistance, additional protection by layering panels • Reduced weight by 75% compared to steel, improved portability over concrete or sandbags • Enabled easy installation with common carpentry tools • Customized color formulations to meet needed camouflage without painting GlasArmor™ Ballistic Resistant Composite Panels KEY REQUIREMENTS WHY AVIENT?
Army Engineer Research and Development Center https://www.avient.com/products/advanced-composites/continuous-fiber-composite-panels/glasarmor-ballistic-resistant-panels
https://www.avient.com/sites/default/files/2021-06/fl.us-.datasheet-zylonr-pbo.pdf
FIBERS PROCESSES PRODUCTS MOVING HIGH PERFORMANCE FIBERS FORWARD ZYLON® PBO WHY ZYLON® PBO?
Composition Zylon® PBO is a rigid-rod isotropic crystal polymer that is spun by a dry-jet wet spinning process.
POLYBENZYLOATE (PBO) DATA POLYBENZYLOATE (PBO) BARE FIBER PERFORMANCE * Equilibrium moisture regain @ 55% RH ** Creep @ 40%-58% ultimate tensile strength *** Shrinkage in dry air @ 177 C for 30 minutes MOVING HIGH PERFORMANCE FIBERS FORWARD ABOUT FIBER-LINE® LOCATIONS Headquarters, R&D, Manufacturing FIBER-LINE® LLC 3050 Campus Drive Hatfield, PA 19440 +1 215.997.9181 fiber@fiber-line.com Manufacturing Operations FIBER-LINE® LLC 280 Performance Drive SE Hickory, NC 28602 +1 828.326.8700 fiber@fiber-line.com EMEA & Asia Pacific Operations FIBER-LINE® INTERNATIONAL B.V.
https://www.avient.com/sites/default/files/2021-11/avnt-november-investor-meetings.pdf
Examples include: • Barrier technologies that preserve the shelf-life and quality of food, beverages, medicine and other perishable goods through high- performance materials that require less plastic • Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation • Breakthrough technologies that minimize wastewater, improve the recyclability of materials and advance a circular economy • Composite solutions to support accelerated growth of 5G / fiber-optic infrastructure investment as the world demands greater and faster connectivity Avient employs approximately 8,400 associates and is certified ACC Responsible Care® and a founding member of the Alliance to End Plastic Waste.
Develop and implement solutions to end plastic waste while supporting AEPW $1.5B investment in key initiatives. 2030 SUSTAINABILITY TARGETS 27 Sustainalytics 2021 ESG Risk Ranking RANK (1st = lowest risk) PERCENTILE (1st – lowest risk) Chemicals INDUSTRY 75/449 17th Specialty Chemicals SUBINDUSTRY 21/124 17th AVIENT ESG RATINGS ISS November 2021 ESG Scores SCORE (1 = Best, 10 = Worst) Environmental 2 Social 1 Governance 4 28 2021 AVIENT INVESTOR DAY 29 • Investor Day to be held December 9, 2021 in New York, NY • The company will be doing a deep dive into its key long- term growth drivers with a particular focus on sustainable solutions Revenue Growth Drivers Long-Term Growth Rate Sustainable Solutions 8–12% Healthcare 8–10% Composites / 5G 10% Growth in Asia / LATAM 5% Other (GDP growth) 2–3% Avient 6.5% • Senior leadership team will also provide further details on the Clariant Color integration, as well as capital allocation priorities PEER COMPARISONS 30 As a specialty formulator, we don’t require significant capital investment, as compared to the base resin raw material suppliers we purchase from.
We will deliver for our stakeholders through multiple value creation levers—many of which are unique to Avient: o Demand for sustainable solutions, healthcare, and composites, together with Clariant Color revenue synergies, that will drive long-term revenue growth in excess of GDP o Clariant Color cost synergy capture will result in significant near-term benefit In addition, we remain committed to increasing annual dividends in line with earnings growth and opportunistically buying back shares, all while remaining modestly levered.
https://www.avient.com/sites/default/files/2021-09/avnt-seaport-conference-presentation.pdf
Examples include: • Barrier technologies that preserve the shelf-life and quality of food, beverages, medicine and other perishable goods through high- performance materials that require less plastic • Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation • Breakthrough technologies that minimize wastewater, improve the recyclability of materials and advance a circular economy • Composite solutions to support accelerated growth of 5G / fiber-optic infrastructure investment as the world demands greater and faster connectivity Avient employs approximately 8,400 associates and is certified ACC Responsible Care® and a founding member of the Alliance to End Plastic Waste.
Develop and implement solutions to end plastic waste while supporting AEPW $1.5B investment in key initiatives. 2030 SUSTAINABILITY TARGETS 26 2021 AVIENT INVESTOR DAY 27 • Investor Day to be held December 9, 2021 in New York, NY • Company will provide updates on its key growth drivers with a deep focus on sustainable solutions Revenue Growth Drivers Long-Term Growth Rate Sustainable Solutions 8–12% Healthcare 8–10% Composites / 5G 10% Growth in Asia / LATAM 5% Other (GDP growth) 2–3% Avient 6.5% • Senior leadership team to also present on Clariant MB integration, M&A opportunities and capital allocation priorities PEER COMPARISONS 28 As a specialty formulator, we don’t require significant capital investment, as compared to the base resin raw material suppliers we purchase from.
We will deliver for our stakeholders through multiple value creation levers—many of which are unique to Avient: o Demand for sustainable solutions, healthcare, and composites, together with Clariant Masterbatch revenue synergies, that will drive long-term revenue growth in excess of GDP o Clariant Masterbatch cost synergy capture will result in significant near-term benefit In addition, we remain committed to increasing annual dividends in line with earnings growth and opportunistically buying back shares, all while remaining modestly levered.
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/fiber-line-engineered-fiber-products/water-blocking-absorbing-yarn
UHMWPE Fiber
Fiber-Line Engineered Fibers - Products & Applications
Fiber-Line Swellcoat Yarn Technologies for Fiber Optic Cable
https://www.avient.com/sites/default/files/2024-11/Remafin_ Fiber Colorants for PP-Hygiene Nonwoven-case study snapshot.pdf
Hygiene fiber manufacturer HYGIENE FIBER MANUFACTURER P P N O N W O V E N M U L T I L A Y E R S • Meet FDA requirements specified by the customer • Provide technical support including specific color, processing and molding recommendations • Deliver the brighter white colorants to make the final product look whiter and cleaner • Developed an FDA colorant to meet customer regulatory specifications • Provided technical expertise throughout the design and manufacturing process • Offered a brighter white color for the final product Remafin Fiber Colorants for PP KEY REQUIREMENTS WHY AVIENT?
All Rights Reserved. https://www.avient.com/products/polymer-colorants/fiber-colorants/remafin-fiber-colorants Slide 1: Hygiene fiber manufacturer
https://www.avient.com/sites/default/files/2023-08/Avient Sustainability Day Announcement Press Release.pdf
Examples include: • Dyneema®, the world’s strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports • Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy • Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint • Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.