https://www.avient.com/knowledge-base/article/enhance-electric-vehicle-battery-design-and-performance?sust[]=1133
Polymers can be recycled more easily and efficiently, reducing the environmental footprint of the battery production and disposal processes.
https://www.avient.com/knowledge-base/article/comparing-sustainable-tpes-traditional-alternatives
Adding to the complexity of the decision, TPEs on the market now incorporate recycled and bio-based content.
https://www.avient.com/sites/default/files/resources/POL%2520CFA%2520IR%2520Presentation%2520w%2520non%2520GAAP%252011%252019%25202013.pdf
Use of Non-GAAP Measures
Page 3
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
PolyOne S&P 500
Page 4
All time high of
$32.32
October 21st, 2013
• 16 consecutive quarters of
double digit EPS growth
• 42% CAGR adjusted EPS
expansion 2006-2012
• YTD stock price has increased
56% versus 22% growth in the
S&P
• Six fold increase in market cap:
$0.5b $3.0b
Strategy and Execution Drive Results
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
Electrical &
Electronics
4%
Consumer
Packaging
18%
Industrial
10%
Misc.
5%
HealthCare
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 5
* 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
2%
34% 43%
63%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 YTD 2013 2015
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's PP&S Distribution Specialty
Specialty OI $5M $46M $87M $153M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 6
2006 YTD 2013 2015
Where we were Where we are
Organic Consolidated
Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.8% 12.8% 12 – 16%
Global Specialty Engineered
Materials 1.1% 10.8% 8.9% 12 – 16%
Designed Structures & Solutions — — 5.0% 8 – 10%
Performance Products &
Solutions 5.5% 8.0% 8.2% 9 – 12%
Distribution 2.6% 6.1% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 63% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.4% 15%
4) Adjusted EPS Growth N/A 28%
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 7
*Percentage of Specialty Platform revenue from products introduced in last five years
19.5%
44.0%
2006 Q3 2013
$20.3
$46.6
2006 TTM
Q3'13
14.3%
31.0%
2006 Q3 2013
Research & Development
Spending
Specialty Platform
Vitality Index Progression*
Innovation Drives Earnings Growth
($ millions)
Specialty Platform
Gross Margin %
Page 8
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 9
Positioned for Strong Growth
2015 Target
Rev: $5B
Adj.
EPS: $2.50
Assumptions
• Mid single digit revenue CAGR
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Housing starts at 85% of 50 year
norm by 2015
• Remain comfortably below 3X Net
Debt / EBITDA
Page 10
2012
Rev: $2.9B
Adj.
Platform sales and operating income (OI) 2006Y*
YTD 2013
Organic’ Acquisitions**
YTD 2013’
Consolidated
Global Specialty Engineered Materials Sales $ 345.3 $ 427.2 $ 113.6 $ 540.8
Global Color, Additives and Inks Sales 531.8 608.0 45.7 653.7
Designed Structures and Solutions Sales - - 428.2 428.2
Specialty Platform Sales $ 877.1 $ 1,035.2 $ 587.5 1,622.7
Performance Products and Solutions Sales 1,166.2 473.6 39.2 512.8
PolyOne Distribution Sales 732.8 818.1 - 818.1
Corporate and eliminations (153.7) (106.0) - (106.0)
Total Sales $ 2,622.4 $ 2,220.9 $ 626.7 $ 2,847.6
Global Specialty Engineered Materials OI $ 3.9 $ 46.1 $ 2.1 $ 48.2
Global Color, Additives and Inks OI 8.9 78.0 5.4 83.4
Designed Structures & Solutions OI - - 21.4 21.4
Specialty Platform OI $ 12.8 $ 124.1 $ 28.9 $ 153.0
Performance Products and Solutions OI 64.2 38.1 3.7 41.8
PolyOne Distribution OI 19.2 49.7 - 49.7
Sunbelt Joint Venture OI 102.9 - - -
Corporate and eliminations (4.6) (39.5) - (39.5)
Special items in OI 39.1 (22.2) - (22.2)
Operating income GAAP $ 233.6 $ 150.2 $ 32.6 $ 182.8
Sunbelt equity income (107.0) - - -
Special items in OI (39.1) 22.2 - 22.2
Operating income adjusted $ 87.5 $ 172.4 $ 32.6 $ 205.0
Global Specialty Engineered Materials - OI % of sales 1.1% 10.8% 1.8% 8.9%
Global Color, Additives and Inks - OI % of sales 1.7% 12.8% 11.8% 12.8%
Designed Structures & Solutions - OI % of sales - - 5.0% 5.0%
Specialty platform OI - % of sales 1.5% 12.0% 5.0% 9.4%
PP&S operating OI - % of sales 5.5% 8.0% 9.4% 8.2%
Distribution OI - % of sales 2.6% 6.1% - 6.1%
PolyOne OI adjusted - % of sales 3.3% 7.8% 5.2% 7.2%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Spartech and Glasforms results for the nine months ended September 30, 2013.
https://www.avient.com/sites/default/files/2024-09/Colorant Chromatics Brochure_2024.pdf
High-temperature polymers (HTP) processed
include: LCP, PEEK, PAEK, PEKEKK, PEI, PES, PSU,
PPSU, and PPS
FLUOROPOLYMERS
Colorant Chromatics has extensive experience in
selecting the best pigments and additives for optimal
performance under demanding circumstances.
FP compounds for: PFA, FEP, ECA, ETFE, ECTFE, PTFE,
and PVDF
HTP compounds for: PEI, PES, PSU, PPSU, PPS, LCP,
PEEK, PAEK, and PEKEKK
Colorant Chromatics specialty compounds offer
property enhancements such as:
• Mechanical strength
• Static dissipation
• X-ray opacity
• Electrical performance
• Low dielectric performance
• Mold release
• Laser marking
• Transcend™ Premier Healthcare Colorants
(biocompatible)
ADDITIVE
CONCENTRATE
FORMULATIONS
Colorant Chromatics additive solutions
can provide your solutions with additional
functionality such as:
• Improved lubricity
• Lightweighting through foaming, by both
physical and chemical foaming
• Heat reduction through �SiteCool™
infra-red absorption technologies for
roofing applications
• Laser marking solutions or other
added value properties
NON-PFAS MOLD RELEASE ADDITIVES
Colorant Chromatics™ Evoluscend™ is a non-PFAS*
high-temperature polymer mold release additive
developed to boost production efficiency and
product quality for manufacturers.
Evoluscend is effective across a range of high-
temperature polymers, including PEEK, PPSU, PES,
PSU, PEI, LCP, and PPS, with a maximum service
temperature exceeding 150°C
https://www.avient.com/sites/default/files/2023-10/Stat-Tech TPE - Cable Gromet - Case Study Snapshot.pdf
AUTOMOTIVE MIRROR &
CAMERA MANUFACTURER
C A B L E G R O M M E T
• Electrically conductive
https://www.avient.com/sites/default/files/2021-04/case-study-one-pager-gravi-tech-toothbrush-base.pdf
ITALIAN MOLDER &
PART PRODUCER
L U X U R Y T O O T H B R U S H B A S E
• Density 4.0 SG
• Low water absorption
• Good mechanical performance
• Chemical resistance to toothpaste and cleaning products
• Worked in close collaboration with customer
to fully understand material requirements
• Provided an alternative to metal with the
processing and recyclability benefits of a
polymer
• Enabled customer to launch innovative new
product into the market winning Red Dot
Design Award
Gravi-Tech™ Density Modified Formulations
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-04/Chain Extenders for rPET Fibers in Automotive - Application Snapshot.pdf
CAR COMPONENT
MANUFACTURER
A C O U S T I C A N D T H E R M A L
M A N A G E M E N T S Y S T E M S
• High rPET content without loss of tenacity
• High volume production
• Color options
• Offered a chain extender that supports
stable spinning and maintains fiber tenacity
to help achieve targeted rPET content
• Provided technical support for production
scale-up
• Proposed different color concentrates
suitable for application and polymer grade
Cesa™ Fiber Additives – chain extenders for
recycled polyester (rPET)
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2023-02/OnColor Water Pitcher Application Snapshot.pdf
LEADING CONSUMER
PRODUCTS OEM
W A T E R P I T C H E R H A N D L E
• Access to the latest colors & effects for inspiration and
assistance with brand aesthetics
• Meet sustainability expectations while maintaining product
and brand integrity
• Accelerate product development timeline to meet
aggressive commercial deadlines
• Offered blue marble effect in Oceanworks PS
• Developed a proprietary blue marble aesthetic
in a recycled PS, meeting brand and
sustainability expectations
• Expedited product development to satisfy
ambitious timeline requirements
• Provided ongoing inspiration and global
support throughout the process
OnColor™ (Remafin™) Polymer Colorants for
polyolefins
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-12/Versaflex OM TPEs for Sealing Ring of Blood Lancet.pdf
BLOOD LANCET
MANUFACTURER
S E A L I N G R I N G
• Compliance with strict regulations for medical materials
• Excellent sealing performance
• Good compression set
• Provided a recycled TPE solutions
compared to silicone without increasing
system cost
• Delivered a TPE that complied with ISO
10993-4 & -5 and USP Class VI
• Supported a change to an injection molded
material to ease production and enhance
assembly capabilities
Versaflex™ HC TPEs – OM1040-1 Grade
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-11/Seat Buckle System Application Snapshot.pdf
TIER 1 SUPPLIER
S E A T B U C K L E S Y S T E M
• Rapid development of 3 colors for global OEM platform, for
3 materials (POM, SAN, PP)
• Help Tier 1 transition from printing to laser marking of
buckles
• Develop formulation that offers laser marking solution plus
color
• Quick reaction to develop three colors for
this global vehicle launch
• Smartbatch™ color + laser marking
formulation met requirements for critical
safety components
Smartbatch™ Combination Colorants &
Additives
KEY REQUIREMENTS
WHY AVIENT?