https://www.avient.com/sites/default/files/2022-10/Cesa WithStand Patient Mobility Case Study %281%29.pdf
THE CHALLENGE
A global leader (“OEM”) in personal care products
was developing its first entry into the Patient Mobility
market and was looking for ways to gain a competitive
edge and offer superior value to its customers.
Avient has compiled extensive data
that enabled the OEM to shave weeks off the product
development timeline and save nearly $50,000 in
potential antimicrobial product protection testing fees.
The resulting Smartbatch solution was developed
specifically for the OEM’s patient mobility product,
but was so effective that the OEM has plans to
incorporate this technology into additional devices
currently being developed.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Welcome%2520and%2520Introduction.pdf
Hanna
consolidate
• Cultures clash –
commodity wins
• Dependent on
income derived from
commodity joint
ventures
The First 6 Years
• Globally organized along
three strategic platforms
• Non-core equity
investment dispositions
• Talent upgrades, discipline
instilled throughout
organization
• New CEO hired to
transform POL into
specialty business
�18 of 20 officers new
• Implemented four
pillar strategy
• Nearly 50% of
The Second 6 Years
History of PolyOne – A Transformation
• Focused on increasing
volume, not profits
• Heavily tied to cyclical
markets
2000 2006 2012
The FormationThe Formation
The TransformationThe Transformation
The New PolyOneThe New PolyOne
organization
• Demonstrated ability
to deliver
• Nearly 50% of
business operating
income derived from
Specialty Platform*
• Specialty assets
acquired
*Pro forma for ColorMatrix acquisition
Page 8
30%
50%
70%
90%
$10
$12
$14
$16
$18
PolyOnePolyOne
Stock Price
S&P 500 (relative performance)
Strategy and Execution Drive Results
| | | |
-50%
-30%
-10%
10%
30%
$0
$2
$4
$6
$8
$10
2006 2007 2008 2009 2010 2011 2012
Page 9
Four Pillar Strategy
The World’s Premier Provider of Specialized
Polymer Materials, Services & Solutions
Page 10
60%
80%
100%
%
o
f
O
p
ra
ti
g
I
co
m
*
Old
PolyOne
Transformation
2012
Target
“What We Said”
Mix Shift Highlights Specialty Transformation
Ahead of Schedule
*Operating Income excludes Corporate Charges
** Pro Forma for the acquisition of ColorMatrix and divestiture of SunBelt
2%
34%
42%
50% >50%
0%
20%
40%
2005 2008 2011 2011** 2012
%
o
f
O
p
ra
ti
g
I
co
m
*
JV's PP&S Distribution Specialty
Specialty OI $5M $46M $89M $117M “What We Said”
Page 11
2007 2012 Target 2011
“Where we were” “What we said” “Where we are”
1) Operating Income %
Specialty 3.2% 10% - 12% 8.9%
PP&S 6.1% 8% - 10% 7.2%
Pro forma ColorMatrix
Proof of Performance
Distribution 3.0% 4% - 5% 5.6%
2) Specialty Platform
sss% of Operating Income
20% >50% 50%
3) Specialty Vitality
Index
21% 35% - 40% 49%
4) ROIC* (pre-tax) 11% >15% 16%
5) Sales outside the US 37% >40% 40%
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 12
2011
Pro forma ColorMatrix
2015 Target
“Where we are” “Where we expect to be”
1) Operating Income %
Specialty 8.9%
PP&S 7.2%
12 – 16%
9 – 12%
Elevating our Expectations and Yours
PP&S 7.2%
Distribution 5.6%
2) Specialty Platform
% of Operating Income
50%
3) ROIC* (after-tax) 10%
4) Adjusted Annual
EPS Growth
3 yr CAGR = 71%
9 – 12%
6 – 7.5%
65 – 75%
15%
Double Digit Expansion
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 13
• Four pillar strategy, coupled with our ability to
execute is driving results
• Strong leadership team driving growth & executing
• Innovation and services provide differentiation and
How do we get there?
https://www.avient.com/sites/default/files/2021-06/fl.datasheet-kevlarr-distribution-program.pdf
Through this program, we hope to introduce businesses of all sizes to
the benefit of aramid fibers.
• Through this program, we hope to introduce busi-
nesses of all sizes to the benefit of Aramid fibers.
https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Recycled PET 2022.pdf
PET is
therefore a popular choice for businesses who want an eco-friendly plastic that
can be recycled again and again.
As a result, many
businesses are making commitments to use a minimum percentage (usually
between 25–100%) of post-consumer recycled plastic in their plastic products
or packaging.
However, there is still question who should pay for these investments—
federal and state governments, businesses or consumers.
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates
Determine key requirements of the application:
These not only define which material should be selected, but also guide the development of the appropriate color masterbatch.
We can even develop a color masterbatch formulation with the appropriate pigment particle size and loading to enable translucent colors and tints.
We can develop solutions for laser marking fluoropolymers as well as inks for striping and printing.
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches
From business machines and appliances to textiles, automotive components and packaging, designers, brand managers and plastics processors rely on our cutting-edge color technology and in-depth technical support through more than 50 global manufacturing sites and regional offices.
We understand the unique challenges of the healthcare industry, and have developed formulations to meet or exceed your requirements and help you manage risk.
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?
https://www.avient.com/sites/default/files/2020-10/light-diffusion-case-study.pdf
THE CHALLENGE
A leading lighting products manufacturer was
developing its latest offering for the LED luminaires
market and looking for ways to solve aesthetic and
performance issues while streamlining a complicated
manufacturing process.
After developing a deep understanding of the
customer’s needs, Avient’s team quickly went to work
formulating a custom OnCap™ Light Diffusion additive
technology, then added a custom OnColor™ color to
make a single Smartbatch™ masterbatch solution.
While the Smartbatch solution was developed
specifically for the LED luminaire project, it was so
effective that the customer has plans to incorporate this
technology into the next wave of products currently
under development.
https://www.avient.com/sites/default/files/2023-04/Cesa Fiber Additives Antimicrobial for PA Carpets - Application Snapshot.pdf
CARPET PRODUCER
N Y L O N C A R P E T
• Antimicrobial effectiveness for residential and hospital
carpets
• Suitable for Bulked Continuous Filament (BCF) processed
polyamide (nylon)
• Limited impact on color
• Quick development to address growing market needs for
hygienic surface coverings
• Developed efficient antimicrobial solution
adapted to BCF processing for high-quality
yarns
• Reduced risk of discoloration with a
smartbatch alternative
• Leveraged global capabilities to offer quick
development, trials and production
quantities
• Cesa™ Fiber Additives – antimicrobial
additives
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?