https://www.avient.com/sites/default/files/resources/Universal_Polyamide_Overmold_Thermoplastic_Elastomer.pdf
Polyamide (i.e. nylon) is preferred plastic in many high end applications due to
its crystalline structure and high melting temperature.
TPE chemistry and the type of engineering plastic play a critical role in influencing wettability.
We have modified ASTM D903 method for plastics to evaluate the adhesion of
soft TPE onto rigid thermoplastic.
https://www.avient.com/sites/default/files/2024-06/SEM Asia Product Selection Guide.pdf
• Abrasion resistance
• High performance for consumer
electronics applications
MATERIAL
DESCRIPTION HARDNESS COLOR OVERMOLD
DENSITY
(g/cm3) PROPERTY KEY
CHARACTERISTIC
Versaflex™ CE 3120-65 65A Natural/
Black
PC, ABS,
Copolyester 1.15
Soft touch,
silky feel and
good abrasion
performance
Silky feeling
Versaflex™ CE 3130-70 70A Natural PC, ABS,
Copolyester 1.04
Silky feel,
long-term life,
excellent abrasion
resistance,
performed UV and
stain resistance,
chemical
resistance
Non-blooming
Versaflex™ CE 3130-80 80A Natural PC, ABS,
Copolyester 1.08
Silky feel,
good abrasion
performance and
UV resistance
Non-blooming
Versaflex™ CE 3320-70 70A Clear PC, ABS,
Copolyester 1.08
Excellent UV
resistance,
blue jean stain
Super UV resistance,
blue jean resistance
Versaflex™ CE 3320-80 80A Clear PC, ABS,
Copolyester 1.15
Excellent UV
resistance,
blue jean stain
Excellent UV resistance
Versaflex™ CE 3140-65 65A Natural PC, ABS,
Copolyester 1.00
Excellent abrasion
resistance,
chemical
resistance,
silky feel
5G transparent
Versaflex™ CE 3140-90 90A Natural PC, ABS,
Copolyester 1.01
Excellent abrasion
resistance,
chemical
resistance,
silky feel
5G transparent
VIBRATION DAMPING
ELASTOMERS
MATERIAL
DESCRIPTION HARDNESS COLOR OVERMOLD
DENSITY
Versaflex™ VDT 4201-35N 35A Natural PP 1.00
Versaflex™ VDT 4202-40B 40A Black PP 1.00
Versaflex™ VDT 5120-40 40A Natural Nylon 1.09
Versaflex™ XP 5130 -65 65A Natural PC/ABS 1.03
Versaflex™ CE 3310-80 80A Clear PC/ABS 1.15
Thermoplastic elastomers that dampen
vibrations via energy transfer
• Excellent vibration damping performance
(reduce noise/shaking)
• Adhesion to various plastics PC, PC/ABS,
ABS, PP
• Colorable and translucent grades available
• Effective in thin films
HEALTHCARE
TPEs
Avient has performance-grade materials that are
compliant with USP VI, ISO 10993-4 and 10993-5.
Formulated without phthalate plasticizers, several
of our grades offer high clarity, bond to a variety
of substrates and can be customized.
You have the responsibility to conduct full-scale end-product performance testing
to determine suitability in your application, and you assume all risk and liability arising from your use of the information and/or use or handling of any product.
https://www.avient.com/sites/default/files/resources/IR_Deck_11.4.19.pdf
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 identify and evaluate acquisition targets and consummate and integrate acquisitions
• 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 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 raise or sustain prices for products or services;
• Information systems failures and cyber attacks; 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.
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
Growing leadership position in attractive markets
Innovation, technology and service are differentiators
Capital management is a strength: Record-setting cash generation
to continue for years
Expand ROIC while increasing invested capital
Proven acquisition strategy with robust pipeline
Commercial investments are fueling momentum and generating
organic growth
SERVICE:
T H E T I M E L E S S
D I F F E R E N T I A T O R
PolyOne Corporation 28
T A L E N T D E V E L O P M E N T
PolyOne Corporation 29
Leadership Program Participants
2012
2013
2015
47
86
2016
125
169
412
Campus Hires
2008
2011
2017
25
47
PolyOne LSS Blackbelts
2008
2011
67
247
147
2018 141
A U N I Q U E C U S T O M E R E X P E R I E N C E
Industrial
Design
IQ DESIGN LABS
PolyOne Corporation 30
Material
& Color
Expertise
Manufacturing
Expertise
3
14
Industrial designers
$0
$10M
$4M
$80M
Opportunity funnel New business revenue
LSS CUSTOMER FIRST
PolyOne Corporation 31
Customer Projects
Enables sales growth by building more intimate
customer relationships, giving us insight to customers’
needs, with a service that is not easily replicated
2 104
3 D P R I N T I N G
B R I N G I N G N E W I D E A S T O L I F E
PolyOne Corporation 32
Enables validation of fit and function
Shortens design cycle and time to market
Avoids tooling rework
Drives innovation
Delivers substantial customer value
PolyOne Corporation 33
From concept to production
99.9%
Reduction in
turnaround time
Traditional Timeline
up to 24 weeks
PolyOne ColorMatrix
Select™
6 hours
Innovative system for processors and OEMs to develop colors in real time
Complete system that provides customers with the freedom to match,
prototype and produce color entirely within their own facility
C O L O R M A T R I X S E L E C T ™
“Being able to create color and produce parts in 1 day is unheard of in this industry”
-CEO, Industry Leader
I N N O V A T I N G W I T H P O L Y O N E
PolyOne Corporation 34
SEGMENT HIGHLIGHTS
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
PolyOne Corporation 35
Solid
Colorants
Performance
Screen
Printing Inks
Liquid
Colorants
28% Industrial
Textiles
Building & Construction
10%
Appliances
Electrical &
Electronic 1%
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 8 R E V E N U E | O V E R $ 1 B I L L I O N
$4
$25
$104
$159
0.9%
5.5%
12.2%
15.1%
8.0%
10.0%
12.0%
14.0%
16.0%
20
30
40
50
60
70
80
100
110
120
130
140
150
160
170
PolyOne Corporation 36
Europe
35%
United
States
45%
1%
Mexico
South
America
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 *
PolyOne Corporation 37
Engineered
Formulations
Advanced
Thermoplastic
Elastomers
22%
16%
9%
7%
Building &
Construction 4%
Electrical &
Electronics
16%
*Pro Forma including Fiber-Line
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
P R O F O R M A 2 0 1 8 R E V E N U E | $ 7 5 0 M I L L I O N *
PolyOne Corporation 38
$21
$57
$72
0.1%
5.1%
9.3%
11.2%
8.0%
10.0%
12.0%
20
30
40
50
60
70
80
Europe
28%
United
States
46%
24%
*Pro Forma including Fiber-Line
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
PolyOne Corporation 39
27%
22%
18%
Electrical &
Building &
Construction
$20
$25
$63
$71
2.9%
5.9%
5.6%
1.0%
3.0%
5.0%
7.0%
15
25
35
45
55
65
75
Operating Income & Margin2018 Revenue | $1.3 Billion
http://www.avient.com/Pages/VariationRoot.aspx
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
PolyOne Corporation 40
Performance
Polyethylene
Pigments
9%
TiO2
Styrenic Block
Copolymer 7%
Nylon
Polypropylene
Plasticizers
4%
Dyestuffs
Other Raw
Materials
32%
$900 million of raw material purchases estimated in 2019 excluding Distribution business
Note: All figures exclude PolyOne Distribution business and divested PP&S business
T A R G E T E N D M A R K E T S &
A P P L I C A T I O N E X A M P L E S
PolyOne Corporation 41
Thermally Conductive
Chemical Resistant
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composites
Antimicrobial Technologies
Anti-Counterfeiting
Target End Markets… Healthcare
Catheter Technologies
Under-hood Components
Target End Markets… Automotive
Interior Structural
Sound & Vibration
Management
Roof Systems
Air Management
Electronics and Cameras
Lighting
Exterior / Interior Trim
Braces & Brackets
Fasteners
Seals & Flaps
Target End Markets… Consumer
Thermally Conductive
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composite
Oxygen Scavenger
Laser Marking Additives
Antistatic Technologies
UV Light Barrier Technologies
Cap & Closure Colorants
Process Optimization
Antioxidant Technologies
Density Modified
Target End Markets… Packaging
Impart weight, sound and
metallic finish to caps and
closures for cosmetics and
spirits applications
Elevate quality and
prestige perceptions
among high-end
consumers
Eliminate time and cost
associated with secondary
operations and assembly
Luxury Packaging
GravitechTM Density Modified Polymers
Eliminate costs by
increasing pigment density
Enhance color
performance without
altering form and
formulation
Increase design
capabilities by reducing
weight and layer thickness
Optimize Color Usage
OnColorTM Super Concentrates
Inhibit microbial growth on
polymer surfaces
Enhance value or products
and devices
Highly versatile
concentrate with the
ability to be incorporated
into a wide variety of
products
Combat Bacteria Formation
WithStandTM Antimicrobial Technology
Durable, long-lasting products stand
up to the most aggressive
disinfectants
Minimize environmental stress
cracking and discoloration
One of the broadest medically
approved polymer and colorant
portfolios
Medical Device Housings
Chemically Resistant Engineered Polymers
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
Outdoor Applications
Leading provider of high
performance specialty materials
for the recreational and sports &
leisure industry
Well positioned across all
segments to address market needs
Metal to Polymer Conversion
Lightweighting
Thermal Management
Impact Performance
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 via
solid masterbatch
Fiber Colorants
Robert W.
https://www.avient.com/sites/default/files/2019-12/Fermium_IR_Deck_12.16.19_for_Website.pdf
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 identify and evaluate acquisition targets and consummate and integrate acquisitions
• 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 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 raise or sustain prices for products or services;
• Information systems failures and cyber attacks; 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.
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
Growing leadership position in attractive markets
Innovation, technology and service are differentiators
Capital management is a strength: Record-setting cash generation
to continue for years
Expand ROIC while increasing invested capital
Proven acquisition strategy with robust pipeline
Commercial investments are fueling momentum and generating
organic growth
SERVICE:
T H E T I M E L E S S
D I F F E R E N T I A T O R
PolyOne Corporation 28
T A L E N T D E V E L O P M E N T
PolyOne Corporation 29
Leadership Program Participants
2012
2013
2015
47
86
2016
125
169
412
Campus Hires
2008
2011
2017
25
47
PolyOne LSS Blackbelts
2008
2011
67
247
147
2018 141
A U N I Q U E C U S T O M E R E X P E R I E N C E
Industrial
Design
IQ DESIGN LABS
PolyOne Corporation 30
Material
& Color
Expertise
Manufacturing
Expertise
3
14
Industrial designers
$0
$10M
$4M
$80M
Opportunity funnel New business revenue
LSS CUSTOMER FIRST
PolyOne Corporation 31
Customer Projects
Enables sales growth by building more intimate
customer relationships, giving us insight to customers’
needs, with a service that is not easily replicated
2 104
3 D P R I N T I N G
B R I N G I N G N E W I D E A S T O L I F E
PolyOne Corporation 32
Enables validation of fit and function
Shortens design cycle and time to market
Avoids tooling rework
Drives innovation
Delivers substantial customer value
PolyOne Corporation 33
From concept to production
99.9%
Reduction in
turnaround time
Traditional Timeline
up to 24 weeks
PolyOne ColorMatrix
Select™
6 hours
Innovative system for processors and OEMs to develop colors in real time
Complete system that provides customers with the freedom to match,
prototype and produce color entirely within their own facility
C O L O R M A T R I X S E L E C T ™
“Being able to create color and produce parts in 1 day is unheard of in this industry”
-CEO, Industry Leader
I N N O V A T I N G W I T H P O L Y O N E
PolyOne Corporation 34
SEGMENT HIGHLIGHTS
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
PolyOne Corporation 35
Solid
Colorants
Performance
Screen
Printing Inks
Liquid
Colorants
32%
Textiles
Wire &
Cable
Building & Construction
9%Consumer
7%
Appliances
Electrical & Electronics
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 8 R E V E N U E | O V E R $ 1 B I L L I O N
$4
$25
$104
$159
0.9%
5.5%
12.2%
15.1%
8.0%
10.0%
12.0%
14.0%
16.0%
20
30
40
50
60
70
80
100
110
120
130
140
150
160
170
PolyOne Corporation 36
Europe
35%
United
States
45%
Mexico
South
America
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
PolyOne Corporation 37
Engineered
Formulations
Advanced
Thermoplastic
Elastomers
28%
18%
Electrical & Electronic
Building &
Construction
16%
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
P R O F O R M A 2 0 1 8 R E V E N U E | $ 7 5 0 M I L L I O N *
PolyOne Corporation 38
$21
$57
$72
0.1%
5.1%
9.3%
11.2%
8.0%
10.0%
12.0%
20
30
40
50
60
70
80
Europe
28%
United
States
46%
24%
*Pro-Forma including Fiber-Line
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
PolyOne Corporation 39
27%
23%
18%
Electrical &
Electronics
Building &
$20
$25
$63
$71
2.9%
5.9%
5.6%
1.0%
3.0%
5.0%
7.0%
15
25
35
45
55
65
75
Operating Income & Margin2018 Revenue | $1.3 Billion
http://www.avient.com/Pages/VariationRoot.aspx
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
PolyOne Corporation 40
Performance
Polyethylene
Pigments
TiO2
Styrenic Block
Copolymer 7%
Nylon
Polypropylene
Plasticizers
4%
Dyestuffs
Other Raw
Materials
32%
$900 million of raw material purchases estimated in 2019 excluding Distribution business
Note: All figures exclude PolyOne Distribution business and divested PP&S business
T A R G E T E N D M A R K E T S &
A P P L I C A T I O N E X A M P L E S
PolyOne Corporation 41
Thermally Conductive
Chemical Resistant
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composites
Antimicrobial Technologies
Anti-Counterfeiting
Target End Markets… Healthcare
Catheter Technologies
Under-hood Components
Target End Markets… Automotive
Interior Structural
Sound & Vibration
Management
Roof Systems
Air Management
Electronics and Cameras
Lighting
Exterior / Interior Trim
Braces & Brackets
Fasteners
Seals & Flaps
Target End Markets… Consumer
Thermally Conductive
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composite
Oxygen Scavenger
Laser Marking Additives
Antistatic Technologies
UV Light Barrier Technologies
Cap & Closure Colorants
Process Optimization
Antioxidant Technologies
Density Modified
Target End Markets… Packaging
Impart weight, sound and
metallic finish to caps and
closures for cosmetics and
spirits applications
Elevate quality and
prestige perceptions
among high-end
consumers
Eliminate time and cost
associated with secondary
operations and assembly
Luxury Packaging
GravitechTM Density Modified Polymers
Eliminate costs by
increasing pigment density
Enhance color
performance without
altering form and
formulation
Increase design
capabilities by reducing
weight and layer thickness
Optimize Color Usage
OnColorTM Super Concentrates
Inhibit microbial growth on
polymer surfaces
Enhance value or products
and devices
Highly versatile
concentrate with the
ability to be incorporated
into a wide variety of
products
Combat Bacteria Formation
WithStandTM Antimicrobial Technology
Durable, long-lasting products stand
up to the most aggressive
disinfectants
Minimize environmental stress
cracking and discoloration
One of the broadest medically
approved polymer and colorant
portfolios
Medical Device Housings
Chemically Resistant Engineered Polymers
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
Outdoor Applications
Leading provider of high
performance specialty materials
for the recreational and sports &
leisure industry
Well positioned across all
segments to address market needs
Metal to Polymer Conversion
Lightweighting
Thermal Management
Impact Performance
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 via
solid masterbatch
Fiber Colorants
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.
https://www.avient.com/sites/default/files/2024-10/Avient CDP Climate Change %26 Water Submission 20241001.pdf
As a leading company in the field of specialty polymer materials, services and solutions, Avient does not
limit itself to simply complying with the legal requirements, but also takes part in a variety of voluntary sustainability programs, including commitments to the
Responsible Care principles, Alliance to End Plastic Waste, Operation Clean Sweep as well as self-initiated commitments such as its Code of Conduct and Code of
Supplier Conduct.
The new lab and plant will conduct cutting edge chemistry testing and evaluations to
help customers tackle and overcome the challenge of plastics recycling and the goal of a circular economy.
Environmental performance - Plastics
(10.1) Do you have plastics-related targets, and if so what type?
https://www.avient.com/sites/default/files/resources/0514_02%2520PDI%2520ISO17025%2520Chemical_Extension%2520Cert2019.pdf
No. 0514.02) Revised 10/08/2019 Page 1 of 2
SCOPE OF ACCREDITATION TO ISO/IEC 17025:2005
POLYMER DIAGNOSTICS INC.
33587 Walker Road
Avon Lake, OH 44012
Ana De La Ree Phone: 440-930-3271
CHEMICAL
Valid To: December 31, 2019 Certificate Number: 0514.02
In recognition of the successful completion of the A2LA evaluation process, accreditation is granted to this
laboratory to perform the following rubber and plastics tests:
Test Description:
Test Method or Standard:
Analysis of Volatile Contaminants from Polymers
(Chromatography)
VDA 277
FTIR (Fourier Transform Infrared) Spectroscopy
ASTM E1252 (Except 7.6, 11.2, and 11.4)
Flammability
Horizontal Burn of Self-Supporting Plastics ASTM D635; UL 94; IEC 60695-11-10
Horizontal Burn of Materials Used in Occupant
Compartments of Motor Vehicles
ASTM D5132; FMVSS 302 (49 CFR 571.302)
Vertical Burn, 20 mm ASTM D3801; UL 94; IEC 60695-11-10
Vertical Burn, 125 mm ASTM D5048; UL 94; IEC 60695-11-20
Oxygen Index ASTM D2863
FT1 Flame Test UL1581, Clause 1060;
UL2556/CSA C22.2 No 2556, Clause 9.3
Cable Flame Test UL1581, Clause 1061
VW1 Flame Test UL1581, Clause 1080;
UL2556/CSA C22.2 No 2556, Clause 9.4
FT2/FH Flame Test UL1581, Clause 1100;
UL2556/CSA C22.2 No 2556, Clause 9.1
FV-1 Flame Test UL1581, Clause 1060;
UL2556/CSA C22.2 No 2556, Clause 9.5
Thin Material Burning Test UL-94
Glow Wire Test
IEC 60695 2-10, 2-11, 2-12, 2-13
RVCM in PVC
ASTM D4443
(A2LA Cert.
https://www.avient.com/sites/default/files/2021-11/0514-02-dec2021.pdf
No. 0514.02) Revised 09/21/2021 Page 1 of 2
SCOPE OF ACCREDITATION TO ISO/IEC 17025:2017
POLYMER DIAGNOSTICS INC.
33587 Walker Road
Avon Lake, OH 44012
Ana De La Ree Phone: 440-930-3271
CHEMICAL
Valid To: December 31, 2021 Certificate Number: 0514.02
In recognition of the successful completion of the A2LA evaluation process, accreditation is granted to this
laboratory to perform the following rubber and plastics tests:
Test Description:
Test Method or Standard:
Analysis of Volatile Contaminants from Polymers
(Chromatography)
VDA 277
FTIR (Fourier Transform Infrared) Spectroscopy
ASTM E1252 (Except 7.6, 11.2, and 11.4)
Flammability
Horizontal Burn of Self-Supporting Plastics ASTM D635; UL 94; IEC 60695-11-10
Horizontal Burn of Materials Used in Occupant
Compartments of Motor Vehicles
ASTM D5132; FMVSS 302 (49 CFR 571.302);
ISO 3785
Vertical Burn, 20 mm ASTM D3801; UL 94; IEC 60695-11-10
Vertical Burn, 125 mm ASTM D5048; UL 94; IEC 60695-11-20
Oxygen Index ASTM D2863
FT1 Flame Test UL1581, Clause 1060;
UL2556/CSA C22.2 No 2556, Clause 9.3
Cable Flame Test UL1581, Clause 1061
VW1 Flame Test UL1581, Clause 1080;
UL2556/CSA C22.2 No 2556, Clause 9.4
FT2/FH Flame Test UL1581, Clause 1100;
UL2556/CSA C22.2 No 2556, Clause 9.1
FV-1 Flame Test UL1581, Clause 1060;
UL2556/CSA C22.2 No 2556, Clause 9.5
Thin Material Burning Test UL-94
Glow Wire Test
IEC 60695 2-10, 2-11, 2-12, 2-13
RVCM in PVC
ASTM D4443
(A2LA Cert.
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.
This was great for strength and performance, but the
yoke was heavy, had long lead times for production, and
was nearly $100 per part, making it ripe for a metal-to-
plastic conversion.
https://www.avient.com/sites/default/files/2022-03/Avient 2021 Annual Report.pdf
In the electronics industry, plastic enclosures
and connectors not only enhance safety through electrical insulation, but thermally and electrically conductive
plastics provide heat transferring, cooling, anti-static, electrostatic discharge, and electromagnetic shielding
performance for critical applications including integrated circuit chip packaging.
We conducted our audit in accordance with the standards of the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB.
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• 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 effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• Changes in laws and regulations regarding plastics in jurisdictions where we conduct business;
• 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;
• Our ability to achieve strategic objectives and successfully integrate acquisitions, including Avient Protective Materials (APM);
• An inability to raise or sustain prices for products or services;
• Our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;
• Information systems failures and cyberattacks;
• Amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; and
• Other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation and any recessionary conditions
Use of Non-GAAP Measures
This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
National Defense
budget of $842 billion submitted to Congress
in Q1 2023
• European NATO members annual defense
spend expected to increase by up to 20%
Dyneema® is the world’s strongest fiber™
One of the highest strength to weight
ratios of any material on Earth
Direct relationships with industry leading
armor manufacturers
Resistant to most chemicals, UV, and
moisture to handle any environment
Avient Confidential 18
DEFENSE
Source: US Department of Defense, defense.gov, NATO18
Source:
TRANSPORTATION
• Increased EPA regulations requiring
improved fuel efficiency, enabled in part by
lower-weight vehicles
• Automakers preparing for 2/3 of U.S.
vehicles to be 100% electric by 2032
Lightweight panels that establish both
strength and stiffness resulting in
decreased energy usage, lower emissions
Long-lasting Color applications to resist
UV exposure, temperature fluctuations
and exceed the stylistic requirements of
global automakers
19
$130
$530
$0.60
$2.40
2023 GUIDANCE
20
Sales Adjusted EBITDA
$845
$3,400
(in millions) (in millions)
CASH FLOW / LEVERAGE
21
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
LONG-TERM REVENUE GROWTH DRIVERS
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
22
Sustainable
Solutions
32%
Asia / LATAM
Composites
Other (GDP
Growth)
39%
• Virtual presentation to be held
September 20, 2023
• The company will be
conducting an investor-focused
presentation around our
sustainability solutions portfolio
Avient Confidential 23
SUSTAINABILITY
INVESTOR DAY
23
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTAINABILITY FOR A BETTER TOMORROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
24
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
$1,175M
Lightweighting
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Bio-polymers
SUSTAINABILITY NEEDS BY MARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
• Recycle Solutions
• Carbon Footprint
Packaging
• Recycle Solutions
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
25
INVESTING
IN INNOVATION
S U S T A I N A B I L I T Y P O R T F O L I O
26
AP P EN D IX
29
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
Pigments
12%
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
• Cost inflation
decelerating,
particularly for
hydrocarbon-based
raw materials
2022 pro forma results for the acquisition of Avient Protective Materials
SEGMENT DATA
U.S. & Canada
37%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Building and
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
9%
31
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
C O L O R , A D D I T I V E S & I N K S
2022 REVENUE | $2 .4 B ILL ION
34%
38%
END MARKET REGION
32
34%
21%
Building &
1% Energy
2%
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
52%
35%
REGION
33
19%
8%Industrial
9% Defense
Building &
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
27%
14%
17%
Building &
(37% of sales)Transportation
12%
Building &
US &
Canada
(40% of sales)
56%
23%
Building &
1%
LATAM
(5% of sales)
3%
34
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
36
4 4
4
6
8
9
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.