https://www.avient.com/sites/default/files/2021-10/remafin-ep-white-masterbatches-for-pharma-application-bulletin_0.pdf
FDA/EU compliance information available upon request
REMAFIN™ EP White Colorants
for Pharmaceutical Packaging
REMAFIN™ EP is a range of PE and PP based
masterbatches designed for protecting oral,
topical, parenteral, ophthalmic and nasal
pharmaceuticals by opacifying primary and
secondarypharmaceutical packaging.
KEY CHARACTERISTICS
• Manufactured under change control principles
beyond CAS number (similar level as MEVOPUR
concentrates), reducing risk of change
• Free from animal-derived substances and
phthalates
• Suitable for blown film, injection molding,
blow molding and extrusion
REGULATORY SUPPORT
• Raw materials tested to:
- ISO 10993-1
- USP chapters , including Class VI,
a requirement for ophthalmic and nasal drugs
- European Pharmacopeia 3.1.3/3.1.5
(polyolefin)
- USP (polyethylene)
- ICH Q3D elemental impurities
- USP and USP light transmission
• Registered Drug Master File (Type III)
• Food contact compliance established with
FDA/EU*
APPLICATION BULLETIN
CARRIER
MATERIAL
PIGMENT
CONTENT/TYPE
LIGHT
FASTNESS
THERMAL
STABILITY
PRODUCT
CODE
HDPE 50% TiO2
8 300°C PH00075525
LLDPE 60% TiO2
8 300°C PL00075542
LLDPE 70% TiO2
8 300°C PL00075545
PP 50% TiO2
8 300°C PP00075717
Healthcare use limitations apply—see below.
https://www.avient.com/sites/default/files/2024-10/Hydrocerol Chemical Foaming Agents Brochure.pdf
Grades are
available for polyolefins, PP, PC/ABS, ABS, PA6—
filled and reinforced polymers included—and
others on request.
Extrusion-specific concentrates are available for
most common packaging resins, including PP, PE,
PS, PET, and PLA.
https://www.avient.com/sites/default/files/2024-08/Automotive General Design Technology Guide.pdf
COLOR EFFECTS SUGGESTED
(please click on link below
IP Components
Door Trim
Console
Seat Back Panel
Talc-Filled PP/
TPO
Metallic
Metallic
(larger flakes - mimics paint)
Granite
Granite
(specks)
Marble
Lower Pillars
Quarter Trim Panel
Seat Side Shield
PP (unfilled)
Granite
Granite
(specks)
OnColor REC Colorants
(seat shields)
Marble
Upper Pillar Trim
Grab Handles
Headliner
TPO
Bright Colors
(grab handles)
Granite
(fibers - minimal pillars)
Shifter Knobs TPU
Metallic
Laser Marking
Granite
Marble
COLOR EFFECTS SUGGESTED
(please click on link below
Door Trim Pull Cup
Console Cupholder Bezels
Console Decorative Bezels/
Trim Rings
ABS
Metallic
(bright chromatic colors)
Metallic
Marble
Laser Marking
(pattern on metallic)
Shade Mirrors
Rearview Mirror
Overhead Console
Bin Tray
PC+ABS
Marble
Granite
Headrest Guides HDPE Metallic
Bin & Pullcup Mats
Cupholders
Overmolding
TPE
Laser Marking
Marble
Granite
Sun Visor Vanity Frame
Door Handle Bezels
Switch Bezels
Armrest Pullcup
GF PA Metallic
A/C Vent Vanes
Door Handle
Seat Handle
Carpet Clips
GF PA
Metallic
Granite
COLOR EFFECTS SUGGESTED
(please click on link below
Lower Pillars
Quarter Trim Panel
Seat Side Shield
POM
Metallic
Metallic
Granite
Bezels
Lenses
PMMA Translucent/Tint/Fluorescent
Bezels
Lenses
ASA Light Diffusion
Exterior Badging
Exterior Mirrors
ASA
Metallic
Laser Marking
Metallic
1.844.4AVIENT
www.avient.com
Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Investor%2520Presentation%2520Jefferies%25202013%2520Global%2520Industrial%2520Conference_Posting.pdf
Use of Non GAAP Measures
Page 3
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
PolyOne S&P 500
Strategy and Execution Drive Results
Page 4
All time closing high of
$29.48
August 1, 2013
• 15 consecutive quarters of
double digit EPS growth
• 42% CAGR adjusted EPS
expansion 2006-2012
• YTD stock price has
increased 42% versus 20%
growth in the S&P
400% increase in market cap,
from $0.7b to $2.8b since
2006
The World’s Premier Provider of Specialized
Polymer Materials, Services & Solutions
Four Pillar Strategy
Page 5
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 6
* 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
**Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes discontinued operations
2%
34% 43% 45%
60% 62%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2012 2012 PF** H1'13 2015
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's PP&S Distribution Specialty
Specialty OI $5M $46M $87M $114M $150M $98M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 7
2006 H1 2013 2015
Where we were Where we are Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.6% 12 – 16%
Global Specialty Engineered
Materials 1.1% 9.2% 12 – 16%
Designed Structures & Solutions -- 4.4% 8 – 10%
Performance Products &
Solutions 5.4% 8.3% 9 – 12%
Distribution 2.6% 6.1% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 62% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.4% 15%
4) Adjusted EPS Growth N/A 26% 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 8
*Percentage of Specialty Platform revenue from products introduced in last five years
11.5%
46.5%
2006 Q2 2013
$20.3
$44.7
2006 TTM
Q2'13
14.3%
31.1%
2006 Q2 2013
Research & Development
Spending
Specialty Platform
Vitality Index Progression*
Innovation Drives Earnings Growth
($ millions)
Specialty Platform
Gross Margin %
Page 9
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 10
Positioned for Strong Growth
2015 Target
Rev: $5B
Adj.
EPS: $2.50
Assumptions
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Completion of 2-3 midsize
accretive acquisitions
• Housing starts at 85% of 50 year
norm by 2015
• Mid single digit revenue CAGR
• Remain comfortably below 3X Net
Debt / EBITDA
Page 11
2012
Rev: $2.9B
Adj.
Average Debt Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Average
PolyOne Debt $ 705.8 $ 705.2 $ 706.9 $ 1,055.5 $ 1,031.2 $ 840.9
Average Equity Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Average
PolyOne shareholders’ equity $ 604.3 $ 629.3 $ 629.1 $ 871.8 $ 993.9 $ 745.7
Platform sales and operating income (OI) H1 2012*** H1 2013***
Global Specialty Engineered Materials Sales $ 280.9 $ 352.0
Global Color, Additives and Inks Sales 413.9 434.7
Designed Structures & Solutions Sales - 240.4
Specialty Platform Sales 694.8 1,027.1
Performance Products and Solutions Sales 336.0 336.7
PolyOne Distribution Sales 533.6 543.1
Corporate and Eliminations (62.3) (68.2)
Total Sales $ 1,502.1 $ 1,838.7
Global Specialty Engineered Materials OI $ 24.6 $ 32.5
Global Color, Additives and Inks OI 44.0 54.7
Designed Structures & Solutions OI - 10.5
Specialty Platform OI $ 68.6 $ 97.7
Performance Products and Solutions OI 19.3 27.5
PolyOne Distribution OI 33.4 33.1
Corporate and eliminations (20.3) (25.7)
Special items in OI (20.3) (11.4)
Operating income - GAAP $ 80.7 $ 121.2
Special items in OI 20.3 11.4
Operating income adjusted $ 101.0 $ 132.6
Global Specialty Engineered Materials - OI % of sales
8.8% 9.2%
Global Color, Additives and Inks - OI % of sales 10.6% 12.6%
Designed Structures & Solutions – OI % of sales - 4.4%
Specialty platform OI % of sales 9.9% 9.5%
PP&S operating OI % of sales 5.7% 8.2%
Distribution OI % of sales 6.3% 6.1%
PolyOne OI adjusted, % of sales 6.7% 7.2%
Reconciliation to Condensed Consolidated Balance Sheets H1 2013
Short-term debt and current portion of long-term debt $ 8.7
Long-term debt 1,022.5
Less cash and cash equivalents (392.4)
Specialty Platform Gross Margin Percentage 2006Y* Q2 2013****
Global Specialty Engineered Materials Sales $ 345.3 $ 143.5
Global Color, Additives and Inks Sales 531.8 207.5
Specialty Platform Sales $ 877.1 $ 351.0
Global Specialty Engineered Materials Gross Margin $ 41.6 37.3
Global Color, Additives and Inks Gross Margin 83.6 71.8
Specialty Platform Gross Margin $ 125.2 $ 109.1
Specialty Platform Gross Margin Percentage 14.3% 31.1%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
https://www.avient.com/sites/default/files/resources/Credit%2520Suisse%2520June%252026%25202013.pdf
Use of Non GAAP Measures
Page 3
-150.00%
-100.00%
-50.00%
0.00%
50.00%
100.00%
150.00%
200.00%
250.00%
300.00%
350.00%
PolyOne S&P 500
Strategy and Execution Drive Results – Since 2006:
Page 4
All time closing high of
$26.63
May 28, 2013
• 14 consecutive quarters of
double digit EPS growth
• 380 basis point increase in
return on sales
• 300% share price
expansion
• 300% increase in total
shareholder return
• 42% CAGR EPS expansion
• $1.8 billion increase in
market cap
• Track record of successful
acquisitions
The World’s Premier Provider of Specialized
Polymer Materials, Services & Solutions
Four Pillar Strategy
Page 5
2013 Portfolio Transformation Highlights
• Substantial organic mix improvement drives 29% increase in
first quarter EPS – 14th consecutive quarter of double-digit
EPS growth
• Completed acquisition of Spartech
• Announced the creation of a new Specialty segment –
Designed Structures and Solutions
• Completed the sale of our non-core resin
assets
• Realigned our Specialty Coatings
business into our GCAI segment
Page 6
PP&S
15%
Specialty
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 7
* 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
**Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes resin assets
2%
34% 43% 45%
60%
65 –
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2012 2012PF** 2015
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's PP&S Distribution Specialty
Specialty OI $5M $46M $87M $114M $150M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 8
2007 Q1 2013 2015
Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 4.6% 11.7% 12 – 16%
Global Specialty Engineered
Materials 1.3% 10.1% 12 – 16%
Designed Structures & Solutions -- 4.6% 8 – 10%
Performance Products &
Solutions 6.1% 8.1% 9 – 12%
Distribution 3.0% 6.0% 6 – 7.5%
2) Specialty Platform % of
Operating Income 20% 60% 65 – 75%
3) ROIC* (after-tax) 7% 9.2% 15%
4) Adjusted EPS Growth N/A 29% 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 9
*Percentage of Specialty Platform revenue from products introduced in last five years
19.5%
50.0%
2006 Q1 2013
$20.3
$41.9
2006 2012
14.3%
27.8%
2006 Q1 2013
Research & Development
Spending
Specialty Platform
Vitality Index Progression*
Innovation Drives Earnings Growth
($ millions)
Specialty Platform
Gross Margin %
Page 10
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 11
Positioned for Strong Growth
2015 Target
Rev: $5B
Adj.
EPS: $2.50
Assumptions
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Completion of 2-3 midsize
accretive acquisitions
• Housing starts at 85% of 50 year
norm by 2015
• Mid single digit revenue CAGR
• Remain comfortably below 3X Net
Debt / EBITDA
Page 12
2012
Rev: $2.9B
Adj.
Specialty platform operating mix percentage
Platform sales and operating income (OI) 2006Y* 2007Y* 2008Y* 2009Y* 2010Y* 2011Y*
Global Specialty Engineered Materials
Sales $ 345.3 $ 384.4 $ 514.0 $ 402.9 $ 517.4 $ 575.1
Global Color, Additives and Inks Sales 531.8 560.5 554.3 459.8 527.4 544.6
Specialty Platform Sales $ 877.1 $ 944.9 $ 1,068.3 $ 862.7 $ 1,044.8 $ 1,119.7
Performance Products and Solutions Sales 1,166.2 1,086.8 1,001.4 667.7 776.3 865.4
PolyOne Distribution Sales 732.8 744.3 796.7 625.1 911.9 996.5
Corporate and Eliminations (153.7) (133.3) (127.7) (94.8) (111.1) (118.1)
Total Sales $ 2,622.4 $ 2,642.7 $ 2,738.7 $ 2,060.7 $ 2,621.9 $ 2,863.5
Global Specialty Engineered Materials OI $ 3.9 $ 4.9 $ 17.6 $ 20.6 $ 49.7 $ 45.9
Global Color, Additives and Inks OI 8.9 25.7 28.1 25.2 37.7 43.4
Specialty Platform OI $ 12.8 $ 30.6 $ 45.7 $ 45.8 $ 87.4 $ 89.3
Performance Products and Solutions OI 64.2 65.8 31.3 33.1 54.0 62.4
PolyOne Distribution OI 19.2 22.1 28.1 24.8 42.0 56.0
Sunbelt Joint Venture OI 102.9 34.8 28.6 25.5 18.9 5.0
Corporate and eliminations (4.6) (25.5) (28.9) (40.8) (32.5) (26.4)
Special items in OI 39.1 (47.8) (396.2) 48.7 4.8 46.7
Operating income (loss) GAAP $ 233.6 $ 80.0 $ (291.4) $ 137.1 $ 174.6 $ 233.0
Sunbelt equity income (107.0) (40.8) (32.5) (29.7) (23.1) (5.7)
Special items in OI (39.1) 47.8 396.2 (48.7) (4.8) (46.7)
Operating income adjusted $ 87.5 $ 87.0 $ 72.3 $ 58.7 $ 146.7 $ 180.6
Global Specialty Engineered Materials - OI
% of sales
1.1%
1.3%
3.4%
5.1%
9.6%
8.0%
Global Color, Additives and Inks - OI
% of sales 1.7% 4.6% 5.1% 5.5%
7.1%
8.0%
Specialty platform OI - % of sales 1.5% 3.2% 4.3% 5.3% 8.4% 8.0%
PP&S operating OI - % of sales 5.5% 6.1% 3.1% 5.0% 7.0% 7.2%
Distribution OI - % of sales 2.6% 3.0% 3.5% 4.0% 4.6% 5.6%
PolyOne OI adjusted - % of sales 3.3% 3.3% 2.6% 2.8% 5.6% 6.3%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes the Resin business assets.
https://www.avient.com/sites/default/files/resources/dB%2520June%2520Presentation%2520June%252012%25202013%2520%25282%2529.pdf
Use of Non GAAP Measures
Page 3
-150.00%
-100.00%
-50.00%
0.00%
50.00%
100.00%
150.00%
200.00%
250.00%
300.00%
350.00%
PolyOne S&P 500
Strategy and Execution Drive Results
Page 4
• Since 2006, PolyOne stock has expanded approximately 300% vs. a 30% increase in the S&P 500
All time closing high of
$26.63
May 28, 2013
The World’s Premier Provider of Specialized
Polymer Materials, Services & Solutions
Four Pillar Strategy
Page 5
2013 Portfolio Transformation Highlights
• Substantial organic mix improvement drives 29% increase in
first quarter EPS – 14th consecutive quarter of double-digit
EPS growth
• Completed acquisition of Spartech
• Announced the creation of a new Specialty segment –
Designed Structures and Solutions
• Completed the sale of our non-core resin
assets
• Realigned our Specialty Coatings
business into our GCAI segment
Page 6
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%
PP&S
15%
Specialty
Distribution
25%
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 7
* Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms & excludes resin assets
PolyOne
At A Glance
* Restated to exclude discontinued operations
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
**Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes resin assets
2%
34% 43% 45%
60%
65 –
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2012 2012PF** 2015
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's PP&S Distribution Specialty
Specialty OI $5M $46M $87M $114M $150M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 8
2007 Q1 2013 2015
Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 4.6% 11.7% 12 – 16%
Global Specialty Engineered
Materials 1.3% 10.1% 12 – 16%
Designed Structures & Solutions -- 4.6% 8 – 10%
Performance Products &
Solutions 6.1% 8.1% 9 – 12%
Distribution 3.0% 6.0% 6 – 7.5%
2) Specialty Platform % of
Operating Income 20% 60% 65 – 75%
3) ROIC* (after-tax) 7% 9.2% 15%
4) Adjusted EPS Growth N/A 29% 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 9
*Percentage of Specialty Platform revenue from products introduced in last five years
19.5%
50.0%
2006 Q1 2013
$20.3
$41.9
2006 2012
14.3%
27.8%
2006 Q1 2013
Research & Development
Spending
Specialty Platform
Vitality Index Progression*
Innovation Drives Earnings Growth
($ millions)
Specialty Platform
Gross Margin %
Page 10
Positioned for Strong Growth
2015 Target
Rev: $5B
Adj.
EPS: $2.50
Assumptions
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Completion of 2-3 midsize
accretive acquisitions
• Housing starts at 85% of 50 year
norm by 2015
• Mid single digit revenue CAGR
• Remain comfortably below 3X Net
Debt / EBITDA
Page 11
2012
Rev: $2.9B
Adj.
Specialty platform operating mix percentage
Platform sales and operating income (OI) 2006Y* 2007Y* 2008Y* 2009Y* 2010Y* 2011Y*
Global Specialty Engineered Materials
Sales $ 345.3 $ 384.4 $ 514.0 $ 402.9 $ 517.4 $ 575.1
Global Color, Additives and Inks Sales 531.8 560.5 554.3 459.8 527.4 544.6
Specialty Platform Sales $ 877.1 $ 944.9 $ 1,068.3 $ 862.7 $ 1,044.8 $ 1,119.7
Performance Products and Solutions Sales 1,166.2 1,086.8 1,001.4 667.7 776.3 865.4
PolyOne Distribution Sales 732.8 744.3 796.7 625.1 911.9 996.5
Corporate and Eliminations (153.7) (133.3) (127.7) (94.8) (111.1) (118.1)
Total Sales $ 2,622.4 $ 2,642.7 $ 2,738.7 $ 2,060.7 $ 2,621.9 $ 2,863.5
Global Specialty Engineered Materials OI $ 3.9 $ 4.9 $ 17.6 $ 20.6 $ 49.7 $ 45.9
Global Color, Additives and Inks OI 8.9 25.7 28.1 25.2 37.7 43.4
Specialty Platform OI $ 12.8 $ 30.6 $ 45.7 $ 45.8 $ 87.4 $ 89.3
Performance Products and Solutions OI 64.2 65.8 31.3 33.1 54.0 62.4
PolyOne Distribution OI 19.2 22.1 28.1 24.8 42.0 56.0
Sunbelt Joint Venture OI 102.9 34.8 28.6 25.5 18.9 5.0
Corporate and eliminations (4.6) (25.5) (28.9) (40.8) (32.5) (26.4)
Special items in OI 39.1 (47.8) (396.2) 48.7 4.8 46.7
Operating income (loss) GAAP $ 233.6 $ 80.0 $ (291.4) $ 137.1 $ 174.6 $ 233.0
Sunbelt equity income (107.0) (40.8) (32.5) (29.7) (23.1) (5.7)
Special items in OI (39.1) 47.8 396.2 (48.7) (4.8) (46.7)
Operating income adjusted $ 87.5 $ 87.0 $ 72.3 $ 58.7 $ 146.7 $ 180.6
Global Specialty Engineered Materials - OI
% of sales
1.1%
1.3%
3.4%
5.1%
9.6%
8.0%
Global Color, Additives and Inks - OI
% of sales 1.7% 4.6% 5.1% 5.5%
7.1%
8.0%
Specialty platform OI - % of sales 1.5% 3.2% 4.3% 5.3% 8.4% 8.0%
PP&S operating OI - % of sales 5.5% 6.1% 3.1% 5.0% 7.0% 7.2%
Distribution OI - % of sales 2.6% 3.0% 3.5% 4.0% 4.6% 5.6%
PolyOne OI adjusted - % of sales 3.3% 3.3% 2.6% 2.8% 5.6% 6.3%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes the Resin business assets.
https://www.avient.com/sites/default/files/resources/POL%2520Credit%2520Suisse%2520IR%2520Presentation%2520w%2520non-GAAP%25209%252017%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
Strategy and Execution Drive Results
Page 4
All time closing high of
$29.48
August 1, 2013
• 15 consecutive quarters of
double digit EPS growth
• 42% CAGR adjusted EPS
expansion 2006-2012
• YTD stock price has
increased 42% versus 20%
growth in the S&P
• 275% increase in market cap:
$0.7b $2.6b since 2006
The World’s Premier Provider of Specialized
Polymer Materials, Services & Solutions
Four Pillar Strategy
Page 5
PP&S
15%
Specialty
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 6
* 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
**Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes discontinued operations
2%
34% 43% 45%
60%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2012 2012 PF** 2015
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's PP&S Distribution Specialty
Specialty OI $5M $46M $87M $114M $150M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 7
2006 H1 2013 2015
Where we were Where we are
Organic Consolidated
Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.7% 12.6% 12 – 16%
Global Specialty Engineered
Materials 1.1% 10.9% 9.2% 12 – 16%
Designed Structures & Solutions — — 4.4% 8 – 10%
Performance Products &
Solutions 5.4% 8.1% 8.2% 9 – 12%
Distribution 2.6% 6.1% 6.1% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 62% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.4% 15%
4) Adjusted EPS Growth N/A 26%
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 8
*Percentage of Specialty Platform revenue from products introduced in last five years
19.5%
46.5%
2006 Q2 2013
$20.3
$44.7
2006 TTM
Q2'13
14.3%
31.1%
2006 Q2 2013
Research & Development
Spending
Specialty Platform
Vitality Index Progression*
Innovation Drives Earnings Growth
($ millions)
Specialty Platform
Gross Margin %
Page 9
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 10
Positioned for Strong Growth
2015 Target
Rev: $5B
Adj.
EPS: $2.50
Assumptions
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Completion of 2-3 midsize
accretive acquisitions
• Housing starts at 85% of 50 year
norm by 2015
• Mid single digit revenue CAGR
• Remain comfortably below 3X Net
Debt / EBITDA
Page 11
2012
Rev: $2.9B
Adj.
Platform sales and operating income (OI) 2006Y* 2008Y* 2010Y* 2012Y* 2012PF**
Global Specialty Engineered Materials Sales $ 345.3 $ 514.0 $ 517.4 $ 543.6 $ 773.0
Global Color, Additives and Inks Sales 531.8 554.3 527.4 703.5 828.5
Designed Structures and Solutions - - - - 850.6
Specialty Platform Sales $ 877.1 $ 1,068.3 $ 1,044.8 $ 1,247.1 $ 2,452.1
Performance Products and Solutions Sales 1,166.2 1,001.4 776.3 837.0 696.1
PolyOne Distribution Sales 732.8 796.7 911.9 1,030.3 1,030.3
Corporate and Eliminations (153.7) (127.7) (111.1) (121.8) (121.6)
Total Sales $ 2,622.4 $ 2,738.7 $ 2,621.9 $ 2,992.6 $ 4,056.9
Global Specialty Engineered Materials OI $ 3.9 $ 17.6 $ 49.7 $ 47.0 $ 47.7
Global Color, Additives and Inks OI 8.9 28.1 37.7 66.8 81.6
Designed Structures & Solutions OI - - - - 20.9
Specialty Platform OI $ 12.8 $ 45.7 $ 87.4 $ 113.8 $ 150.2
Performance Products and Solutions OI 64.2 31.3 54.0 74.9 37.4
PolyOne Distribution OI 19.2 28.1 42.0 66.0 66.0
Sunbelt Joint Venture OI 102.9 28.6 18.9 - -
Corporate and eliminations (4.6) (28.9) (32.5) (33.7) (40.0)
Special items in OI 39.1 (396.2) 4.8 (53.9) (53.9)
Operating income (loss) GAAP $ 233.6 $ (291.4) $ 174.6 $ 167.1 $ 159.7
Sunbelt equity income (107.0) (32.5) (23.1) - -
Special items in OI (39.1) 396.2 (4.8) 53.9 53.9
Operating income adjusted $ 87.5 $ 72.3 $ 146.7 $ 221.0 $ 213.6
Global Specialty Engineered Materials - OI % of sales
1.1%
3.4%
9.6% 8.6% 6.1%
Global Color, Additives and Inks - OI % of sales 1.7% 5.1% 7.1% 9.5% 9.8%
Designed Structures & Solutions – OI % of sales - - - - 2.5%
Specialty platform OI - % of sales 1.5% 4.3% 8.4% 9.1% 6.1%
PP&S operating OI - % of sales 5.5% 3.1% 7.0% 9.0% 5.4%
Distribution OI - % of sales 2.6% 3.5% 4.6% 6.4% 6.4%
PolyOne OI adjusted - % of sales 3.3% 2.6% 5.6% 7.4% 5.3%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and exclude the Resin business assets.
*** Restated results to exclude the Resin business and to remove Specialty Coatings from the Performance Products and Solutions segment into
Global Color, Additives and Inks segment.
https://www.avient.com/sites/default/files/2023-04/Fiber Colorants and Additives Brochure.pdf
Black & White
STANDARD AND CUSTOM
BLACK CONCENTRATES
• High pigment concentrations for high tinting
strength
• Lower concentrations to meet specific
customer needs
• Tailored for special requirements, with specific
physical/rheological properties
STANDARD AND CUSTOM WHITE
CONCENTRATES
• TiO2 based with excellent opacifying or tinting
strength
• Optical white to improve the surface whiteness
and/or brighteness of end articles
• Regulatory compliance support
• 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
• Carriers: PET, PBT, PA 6, PA 66, PP, and others
• Continuous filament spinning, including
fine denier (POY, FDY, HOY, bi-component yarns)
• Long and short spinning staple fiber
• Spunbond
SINGLE PIGMENT DISPERSIONS (SPDS)
We have extensive experience in using advanced
technologies and special raw materials, which make
our SPDs suitable for more demanding applications.
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)
• Long and short spinning staple fiber
Renol™ & Remafin™ Fiber Colorants
Single Pigment Dispersions & Custom Colors
Special Products
Our portfolio includes
color formulations
for high-tenacity
yarn applications.
Product range
• Flame retardants to reduce flammability of
fibers and fabrics especially in building and
construction applications
• Light stabilizers to protect fibers used outdoors
or exposed to sunlight against UV light
• Antimicrobials to protect hygienic fiber products
from bacteria proliferation
• Antistatics to reduce electrostatic charges
• Antioxidants to reduce polymer oxidation during
spinning and protect fabrics during service life
• Optical brighteners to provide a brilliant white
effect and blueish hue
• Electrets to retain electrostatic charge on the
polymer surface for a longer period of time in
filtration applications
• Hydrophobics to impart durable water repellency
• Chain extenders for recycled polyester fibers
• Others on request
Product characteristics
• Good spinnability
• Fiber-specific QC and protocols
• Lot-to-lot consistency
• Carriers: PET, PBT, PA 6, PP, and others
• Possibility to combine colors and additives into
a combination concentrate for convenience
• Product guidance from our fiber expert team
• Focus on safe and sustainable formulations
• Continuous filaments (POY, FDY, HOY, BCF)
• Long and short spinning staple fiber
• Nonwoven processes (spunbond and meltblown)
Cesa™ Fiber
Additives
MagIQ™ Liquid Fiber
Colorants & Additives
Multiple color production
• Depending on the manufacturing set-up, several
injection points can be added to enable multiple
color production at the same time on a single
extruder
Batch size flexibility
• Fiber producers can manufacture anything from
a few kilograms to hundreds of tons using the
same simple process
Rapid color changes
• No extruder contamination and easy color-on,
color-off operation increases color change speed
Waste reduction
• Rapid color changes, precise metering and
the ability to adjust color in-line reduces waste
during color changeovers
Continuous metering & long spin pack life
• High pigment and dye concentrations mean
fewer pack changes are required
• Where color is running low for larger volume
runs, low level metering sensors alert operators
and packs can be changed without disrupting
production
In-line IV adjustment
• Specialist additives are available to adjust
Intrinsic Viscosity (IV) in-line for rPET
applications
• These additives are available as single products,
or can be combined with color to create a multi-
functional formulation
Color design service
• Avient offers a dedicated color design service to
help shorten product development cycles and
enhance market agility
Liquid color processing
• Formulations are stable at temperatures up
to 60°C and retain good flow properties at
temperatures as low as 10°C
• These formulations can help lower yarn friction
and abrasion, and there is no fuming
or evaporation during production
Avient’s liquid fiber colorant technology combines advanced liquid color
formulations with state-of-the-art, high-pressure metering equipment to
enable late-stage injection of liquid color for spun-dyed polymer melt.
https://www.avient.com/sites/default/files/2021-09/mevopur-colors-for-ophthalmic-closures-application-bulletin-cn.pdf
该产品组合为PE基料,但可根据要求
提供PP基料。
法规支持
经过预测试的原材料:
- ISO 10993-1
- USP 第、章(VI类)
- USP (指南),6.2.3 可萃取元素;
USP
- ICHQ3D/USP 2 可萃取金属
- 欧洲药典 3.1 聚烯烃(如适用)
FDA发布的注册药品管理档案(III类)和/或医
疗器械管理档案
食品接触符合FDA/EU*要求
主要特性
在三个通过ISO 13485认证的医疗生产线生产
全球统一的配方,提供全球一致性和供应链保
障
变更控制记录的不限于CAS编号级别,降低变
更风险
不含动物源性物质和邻苯二甲酸盐
标准母粒在PE载体中提供,可根据要求在PP
中提供
可以采用针对应用选择的特定树脂提供预着色
配方
药物类型 颜色说明 潘通色号参考 埃万特产品代码
(PE基)
肾上腺素能激动剂组合 浅绿色 373 C PE6M176349
肾上腺素能激动剂 紫色 2583 C PE4M176057
抗感染药 棕褐色 467 C PE8M176130
非甾体类抗炎药 灰色 冷灰色 4 C PE7M176184
甾体类抗炎药 粉色 197 C PE3M176237
免疫调节剂类抗炎药 橄榄绿 5763 C 按要求提供
β-受体阻滞剂 黄色 黄色 C PE1M176160
β-受体阻滞剂组合 深蓝色 281 C PE5M176272
碳酸酐酶抑制剂 橘黄色 1585 C PE2M176089
细胞毒素 黑色 6 C PL9M176008
缩瞳剂 深绿色 348 C PE6M176267
散瞳剂和睫状肌麻痹剂 红色 1797 C PE3M176236
前列腺素类似物 绿松石 326 C PE5M176273
适用医疗保健使用限制—见下文。
埃万特还针对容器/瓶子提供REMAFIN™ EP白色预着色配方和浓缩物,
以低密度和高密度PE和PP树脂形式供应。
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?