https://www.avient.com/sites/default/files/resources/Innovation_Day_-_May_2014_0.pdf
The non-GAAP financial measures
include: adjusted EPS, earnings before interest, tax, depreciation and amortization
(EBITDA), adjusted EBITDA, net debt, Specialty platform operating income, Specialty
platform gross margin percentage, adjusted operating income, return on invested
capital, net debt/ EBITDA, and the exclusion of corporate charges in certain
calculations.
In addition, operating income before special items and
adjusted EPS are components of various PolyOne annual and long-term employee
incentive plans
Patterson
12:00-1:00 PM Lunch
PolyOne Corporation Page 7
PolyOne Commodity to Specialty
Transformation
• Volume driven,
commodity
producer
• Heavily tied to
cyclical end
markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2014
2015 and
beyond
• Steve Newlin
appointed,
Chairman,
President and CEO
• New leadership
team appointed
• Implementation of
four pillar strategy
• Focus on value
based selling,
investment in
commercial
resources and
innovation to drive
transformation
• 18 consecutive
quarters of double-
digit adjusted EPS
growth
• Shift to faster
growing, high
margin, less cyclical
end markets
• Key acquisitions
propel current and
future growth, as
well as margin
expansion
• Established
aggressive 2015
targets
• Continue specialty
transformation
• Targeting $2.50
adjusted EPS by
2015, nearly double
2013 EPS
• Drive double digit
operating income
and adjusted EPS
growth
PolyOne Corporation Page 8
Specialty
54%
PP&S
Distribution
28%
2013 Revenues: $3.8 Billion 2013 Revenues: $3.8 Billion
United
States
67%
Latin
America
$13
$31
$46 $46
$92 $96
$122
$195
$0
$50
$100
$150
$200
2006 2007 2008 2009 2010 2011 2012 2013
End Markets Specialty Operating Income
PolyOne At a Glance
Building &
9%
HealthCare
11% Appliance
Electronics &
Electrical
PolyOne Corporation Page 9
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
2%
34%
43%
62% 64%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 Q1 2014 2015
%
o
f
O
p
e
ra
ti
n
g
I
n
c
o
m
e
*
JV's Performance Products & Solutions Distribution Specialty
65-75%
Specialty OI $5M $46M $87M $195M $60M Target
Mix Shift Highlights Specialty Transformation
2015
Target
PolyOne Corporation Page 10
Confirmation of Our Strategy
The World’s Premier Provider of Specialized
Polymer Materials, Services and Solutions
Specialization Globalization
Operational
Excellence
Commercial
Excellence
PolyOne Corporation Page 11
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
450.00%
550.00%
PolyOne S&P 500
Strategy and Execution Drive Results
$0.12
$0.27
$0.21
$0.13
$0.68
$0.82
$1.00
$1.31
'06 '07 '08 '09 '10 '11 '12 '13
‘06-‘13 EPS CAGR = 41%
EPS Share Price vs.
https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
Operational Excellence
Empowers us to respond to the voice of the customer with relentless continuous
improvement.
Commercial Excellence
Governs our activities in the marketplace to deliver extraordinary value to our customers.
Excellence.
https://www.avient.com/industries/transportation/advanced-mobility
Whether they’re adjusting the seat or changing the station, drivers want dependable, intuitive vehicle controls.
Whether they’re adjusting the seat or changing the station, drivers want dependable, intuitive vehicle controls.
https://www.avient.com/resources/safety-data-sheets?page=5821
BLUE HANDLE OM - TPE S006N - ADJUSTMENT
BLUE HANDLE OM - TPE 8007N - ADJUSTMENT
https://www.avient.com/gray-matter
To combat this, screen printers adjust screen meshes and printing techniques to deposit more overprint color onto the under-base white.
Once the print starts in production, the ink shears, thus changing the opacity once again and requiring the technician to adjust parameters during the run.
https://www.avient.com/resources/safety-data-sheets?page=6006
BLACK ADJUSTER
GREY ADJUSTER
https://www.avient.com/top-10-best-practices-when-printing-polyester
Problems stem from failing to adjust flashing parameters for particular jobs, shop conditions, or ink types and deposit thicknesses.
Adjust your setting so that the ink is just dry to the touch.
https://www.avient.com/sites/default/files/2022-08/Avient CDP_Climate_Change_Questionnaire_2022.pdf
Through collaboration, innovation and excellence, our product portfolio is
designed to ensure our customer’s success.
Row 1
Has there been a structural change?
Through collaboration, innovation and excellence, our product portfolio is
designed to ensure our customer’s success.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520GS%2520w%2520non%2520GAAP%25205_21_14.pdf
The non-GAAP financial measures
include: adjusted EPS, earnings before interest, tax, depreciation and
amortization (EBITDA), adjusted EBITDA, net debt, Specialty platform operating
income, Specialty platform gross margin percentage, adjusted operating income,
return on invested capital, net debt/ EBITDA, and the exclusion of corporate
charges in certain calculations
In addition, operating income
before special items and adjusted EPS are components of various PolyOne
annual and long-term employee incentive plans
Senior management uses adjusted operating income, adjusted EPS, and working
capital to assess performance and allocate resources because senior management believes that these measures are useful in
understanding current profitability levels and that current levels may serve as a base for future performance.
https://www.avient.com/sites/default/files/2020-08/fiber-solutions-business-unit-overview-2020.pdf
EXCELLENT QUALITY/CONSISTENCY
• Long and stable spinning time
• Easy production management
• Reduced spinning filter part replacement
• Higher production output
• Lower production cost vs. conventional dyeing
EXCELLENT COLOR CONSISTENCY OF YARNS
• Controlled limits of color deviation
• Greater customer satisfaction
• Strictly selected and controlled raw materials
EXCELLENT COLOR FASTNESS (LIGHT, WASHING, DRY HEAT, ETC.)
• Attractive appearance to final product
• Long lasting color
ENVIRONMENTAL ADVANTAGES
• Environmental advantages
• Less production costs
• Lower carbon footprint
• Lower chemical usage
• Waste reduction
MAGIQ FIBER COLORANTS -
MASTERBATCH PORTFOLIO
BLACK
• Standard and special products with high
pigment concentrations and excellent
tinting strength
• MBs at lower concentrations designed
to meet specific customer needs
• Black MB tailored for special requirements, with
particular physical/rheological properties
• Optimal melt flow properties allow a good
mixture with the polymer matrix yielding
the best possible spinnability
Carriers: PET, PBT, PA 6, PA 66, others
• Continuous filament spinning, including
fine denier (POY, FDY, HOY, bi-component yarns)
• Spunbond
WHITE
• TiO2 white with excellent opacifying
or tinting strength
• Optical white MBs that improve the surface
whiteness and/or brightness of end products
• Optimal melt flow properties allow a good
mixture with the polymer matrix yielding
the best possible spinnability
• Full pigment dispersion ensures maximum CPF/
Spinning pack life
Good spinnability
• Full dispersion
• Excellent tinting strength
• Maximum fastness properties
• Lot-to-lot consistency
• Carriers: PET, PBT, PA 6, PP
• Continuous filaments (POY, FDY, HOY, BCF)
Special Products
Our portfolio includes
color formulations
for high-tenacity
yarn applications.