https://www.avient.com/sites/default/files/2022-11/Nymax and Versaflex Compound Bow Grip Application Snapshot %281%29.pdf
ARCHERY OEM
C O M P O U N D B O W G R I P
• UV resistant and colorable TPE for haptics
• Substrate with structural integrity to support 70-80 lbs of
torque during draw and excellent dimensional stability to
ensure bow accuracy and precision
• Reliability of supply while also offering comparable
performance to incumbent materials
Nymax™ 1010A PA 6 Nylon Formulation &
Versaflex™ OM 6160 TPE
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-09/lubrione-processing-guide.pdf
BASE
RESIN
PPA PC PSU PES PPS
CO-
POLYMER
ACETAL
PEEK PA
Barrel Temperatures* °F (°C)
Rear Zone
550–580
(288–305)
520–560
(271–293)
600–640
(316–338)
630–660
(332–338)
550–580
(288–304)
350–370
(177–188)
660–700
(349–371)
440–490
(227–254)
Center Zone
560–600
(293–316)
530–570
(277–299)
620–670
(327–354)
650–680
(343–360)
560–615
(293–324)
380–390
(193–200)
700–730
(371–388)
470–510
(243–266)
Front Zone
580–620
(304–327)
550–580
(288–305)
630–680
(332–360)
670–730
(354–388)
590–630
(310–332)
390–430
(200–221)
720–750
(382–400)
490–540
(254–282)
Nozzle
575–615
(302–324)
550–600
(288–316)
630–680
(332–360)
680–700
(360–371)
600–625
(316–330)
380–415
(193–213)
720–750
(382–400)
520–570
(271–300)
Melt
Temperature
575–615
(302–324)
560–600
(293–316)
625–675
(330–358)
650–710
(343–377)
600–625
(316–330)
370–410
(188–210)
670–740
(354–393)
520–570
(271–300)
Mold
Temperature
250–300
(121–150)
175–240
(80–116)
190–300
(88–150)
225–325
(107–164)
250–325
(121–164)
150–225
(66–107)
290–375
(143–190)
150–200
(66–93)
Pack & Hold
Pressure
50%–75%
of Injection Pressure
Injection
Velocity
in/s
1.0–3.0
Back Pressure
psi
50
Screw Speed
rpm
50–90
Drying
Parameters
°F (°C)
6 hrs @ 175
(80)
4 hrs @ 250
(121)
4 hrs @ 275
(135)
4 hrs @ 300
(150)
4 hrs @ 250
(121)
2 hrs @ 200
(93)
3 hrs @ 300
(150)
4 hrs @ 180
(82)
Allowable
Moisture
%
< 0.05 < 0.02 < 0.02 < 0.04 < 0.02 0.15–0.20 < 0.02 0.10–0.20
Cushion
in
0.125–0.250
Screw
Compression
Ratio
2.5:1–3.5:1 2.0:1–2.5:1 2.5:1–3.5:1 2.5:1–3.5:1 2.5:1–3.5:1 2.5:1–3.5:1 2.5:1–3.5:1 2.5:1–3.5:1
Nozzle
Type
General
Purpose
General
Purpose
General
Purpose
General
Purpose
General
Purpose
General
Purpose
General
Purpose
Reverse
Taper
Clamp
Pressure
5–6 Tons/in2 of projected area of cavities and runner system
* Barrel temperatures should be elevated for compounds designed for electrical insulative properties.
PROBLEM CAUSE SOLUTION
Incomplete Fill Melt and/or mold
temperature too cold
Mold design
Shot Size
• Increase nozzle and barrel temperatures
• Increase mold temperature
• Increase injection speed
• Increase pack and hold pressure
• Increase nozzle tip diameter
• Check thermocouples and heater bands
• Enlarge or widen vents and increase number of vents
• Check that vents are unplugged
• Check that gates are unplugged
• Enlarge gates and/or runners
• Perform short shots to determine fill pattern and verify
proper vent location
• Increase wall thickness to move gas trap to parting line
• Increase shot size
• Increase cushion
Brittleness Melt temperature too low
Degraded/Overheated material
Gate location and/or size
• Increase melt temperature
• Increase injection speed
• Measure melt temperature with pyrometer
• Decrease melt temperature
• Decrease back pressure
• Use smaller barrel/excessive residence time
• Relocate gate to nonstress area
• Increase gate size to allow higher flow speed and
lower molded-in stress
Fibers on Surface
(Splay)
Melt temperature too low
Insufficient packing
• Increase melt temperature
• Increase mold temperature
• Increase injection speed
• Increase pack and hold pressure, and time
• Increase shot size
• Increase gate size
Sink Marks Part geometry too thick
Melt temperature too hot
Insufficient material volume
• Reduce wall thickness
• Reduce rib thickness
• Decrease nozzle and barrel temperatures
• Decrease mold temperature
• Increase shot size
• Increase injection rate
• Increase packing pressure
• Increase gate size
Flash Injection pressure too high
Excess material volume
Melt and/or mold
temperature too hot
• Decrease injection pressure
• Increase clamp pressure
• Decrease injection speed
• Increase transfer position
• Decrease pack pressure
• Decrease shot size
• Decrease injection speed
• Decrease nozzle and barrel temperatures
• Decrease mold temperature
• Decrease screw speed
TROUBLESHOOTING RECOMMENDATIONS
PROBLEM CAUSE SOLUTION
Excessive Shrink Too much orientation • Increase packing time and pressure
• Increase hold pressure
• Decrease melt temperature
• Decrease mold temperature
• Decrease injection speed
• Decrease screw rpm
• Increase venting
• Increase cooling time
Not Enough Shrink Too little orientation • Decrease packing pressure and time
• Decrease hold pressure
• Increase melt temperature
• Increase mold temperature
• Increase injection speed
• Increase screw rpm
• Decrease cooling time
Burning Melt and/or mold
temperature too hot
Mold design
Moisture
• Decrease nozzle and barrel temperatures
• Decrease mold temperature
• Decrease injection speed
• Clean, widen and increase number of vents
• Increase gate size or number of gates
• Verify material is dried at proper conditions
Nozzle Drool Nozzle temperature too hot • Decrease nozzle temperature
• Decrease back pressure
• Increase screw decompression
• Verify material has been dried at proper conditions
Weld Lines Melt front temperatures
too low
Mold design
• Increase pack and hold pressure
• Increase melt temperature
• Increase vent width and locations
• Increase injection speed
• Increase mold temperature
• Decrease injection speed
• Increase gate size
• Perform short shots to determine fill pattern and verify
proper vent location
• Add vents and/or false ejector pin
• Move gate location
Warp Excessive orientation
Mold design
• Increase cooling time
• Increase melt temperature
• Decrease injection pressure and injection speed
• Increase number of gates
Sticking in Mold Cavities are overpacked
Mold design
Part is too hot
• Decrease injection speed and pressure
• Decrease pack and hold pressure
• Decrease nozzle and barrel temperatures
• Decrease mold temperature
• Increase cooling time
• Increase draft angle
• Decrease nozzle and barrel temperatures
• Decrease mold temperature
• Increase cooling time
TROUBLESHOOTING RECOMMENDATIONS
Note: These are general processing conditions.
https://www.avient.com/resource-center?document_subtype=125&document_type=63&form_build_id=form-BVD2tghPqXIOPcl0vxmei8LDvjHG38Ntio8GI-puaQg&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=81&product_name=0&product_subfamily=0&page=0
Injection molding parameters and troubleshooting recommendations for the the Nymax™ prime and Nymax™ REC recycled nylon materials
Injection molding parameters and troubleshooting recommendations for Gravi-Tech™
Injection molding parameters and troubleshooting recommendations for Gravi-Tech™ (Chinese language version)
https://www.avient.com/sites/default/files/resources/POL%2520Gabelli%2520IR%2520Presentation%2520w%2520Non-GAAP%252003%252020%25202014.pdf
You are advised to
consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.
Use of Non-GAAP Measures
Page 3
PolyOne Commodity to Specialty Transformation
Page 4
• Continue specialty
transformation
• Targeting $2.50
Adjusted EPS by
2015, nearly
double 2013 EPS
• Drive double digit
operating income
and adjusted EPS
growth
• 17 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
• 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
• Volume driven,
commodity
producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2013 2014 and beyond
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
PolyOne S&P 500 Russell 2000 Dow Jones Chemical
All time high of
$38.38
March 7th, 2014
• 17 consecutive quarters of
double digit EPS growth
• 49% CAGR adjusted EPS
expansion 2006-2013
• 2013 stock price increased
73% versus 30% growth in the
S&P
• More than seven fold increase in
market cap: $0.5b $3.6b
Strategy and Execution Drive Results
Page 5
Appliance
4%
Building &
Construction
13%
Wire & Cable
9%
Electrical &
Electronics
5%
Consumer
10%Packaging
16%
Industrial
12%
HealthCare
11%
Transportation
18%
Misc.
2%
United
States
66%
Europe
14%
Canada
7%
Asia
6%
Latin
America
7%
PP&S
20%
Specialty
53%
Distribution
27%
0.12
0.27 0.21
0.13
0.68
0.82
1.00
1.31
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 2013 2015
Target
A
dj
us
te
d
Ea
rn
in
gs
P
er
S
ha
re
2013 Revenues: $3.8 Billion
End Markets
2013 Revenues: $3.8 Billion
EPS
Page 6
PolyOne
At A Glance
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
2%
34%
43%
62%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2015
%
o
f O
pe
ra
ti
ng
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
Specialty OI $5M $46M $87M $195M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 7
2006 2013 2015
“Where we were” “Where we are” Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.2% 12 – 16%
Global Specialty Engineered
Materials 1.1% 9.3% 12 – 16%
Designed Structures & Solutions -- 5.6% 8 – 10%
Performance Products &
Solutions 5.4% 7.2% 9 – 12%
Distribution 2.6% 5.9% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 62% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.1% 15%
4) Adjusted EPS Growth N/A 31%
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
Bridge To $2.50 Adjusted EPS By 2015
2015 EPS: $2.50
2013 EPS: $1.31
Mid single digit
revenue CAGR
Page 9
Mergers & Acquisitions
Spartech accretion
Incremental share buybacks
Ongoing LSS Programs
(50-100 bps/yr)
Accelerated Innovation &
Mix Improvement
Innovation Drives Earnings Growth
$20.3
$52.3
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
Page 10
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
Healthcare
Consumer
Packaging and Additive Technology
Transportation
Page 11
Unique and Innovative Solutions that Help
Customers Win
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/uD3p_bdglP/Presentation revise pics/GLS Beverage can closure XO 2.jpg
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/-YgkycKypw/Anti-Counterfeiting release & images/GN1979.JPG
Net Debt / EBITDA* = 1.8x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of December 31, 2013
($ millions)
Page 12
Coupon Rates: 7.500% 7.375% 5.250%
Debt Maturities & Pension Funding – 12/31/13
*TTM 12/31/2013 ** includes US-qualified plans only
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2013
Pension Funding**
As of December 31, 2013
Free Cash Flow and Strong Balance Sheet Fund Investment
• Targets that expand our:
• Specialty offerings
• End market presence
• Geographic footprint
• Operating Margin
• Synergy opportunities
• Adjacent material solutions
• Expanding our sales,
marketing, and technical
capabilities
• Investing in operational and
LSS initiatives (including
synergy capture)
• Manufacturing alignment Organic
Growth
Share
Repurchases
Dividends
Acquisitions
Page 13
$0.16
$0.20
$0.24
$0.32
$0.00
$0.10
$0.20
$0.30
$0.40
2011 2012 2013 2014
Annual Dividend
• Repurchased ~5 million
shares in 2013
• 15 million shares
are available for
repurchase under
the current
authorization
The New PolyOne: A Specialty Growth Company
2015 Target: $2.50 Adjusted EPS
Why Invest In PolyOne?
https://www.avient.com/news/generational-changes-environmental-concerns-and-new-digital-universe-expected-drive-color-preferences-2023
Homepage
//
News Center
//
Generational Changes, Environmental Concerns, and a New Digital Universe Expected to Drive Color Preferences in 2023
https://www.avient.com/news/colorants-and-additives-avient-sustainable-luxury-plastic-packaging-be-featured-luxe-pack-new-york
May 3, 2023
NEW YORK– May 3, 2023 – Avient Corporation, a premier provider of specialized and sustainable material solutions and services, will be exhibiting at the 20th annual LUXE PACK New York trade show next week, highlighting its broad range of polymer technologies for packaging.
PCR Color Prediction Service – winner of the 2023 Re|focus Sustainable Innovation in Design Award and a finalist for the 2023 Plastics Recycling Show Europe (PRSE) Product Technology Innovation of the Year Award, this digital service supports PCR resin coloration by illustrating the color possibilities or limitations of certain PCR material before sample development to help simplify the overall decision-making process for brand owners and technical colorists.
https://www.avient.com/resource-center?document_type=63&document_subtype=125&industry=0&product_family=81&product_subfamily=0&product_name=0&op=FILTER RESULTS&form_build_id=form-BVD2tghPqXIOPcl0vxmei8LDvjHG38Ntio8GI-puaQg&form_id=resource_filter_form&page=0
Injection molding parameters and troubleshooting recommendations for the the Nymax™ prime and Nymax™ REC recycled nylon materials
Injection molding parameters and troubleshooting recommendations for Gravi-Tech™
Injection molding parameters, startup and shutdown, mold design and troubleshooting recommendations for LubriOne™ Internally Lubricated Formulations
https://www.avient.com/sites/default/files/resources/POL%2520KeyBanc%2520IR%2520Presentation%2520w%2520non-GAAP%252009%252010%25202013.pdf
You are advised to
consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.
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
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
A
dj
us
te
d
Ea
rn
in
gs
P
er
S
ha
re
Appliance
6%
Building &
Construction
13%
Wire & Cable
9%
Electrical &
Electronics
4%
Consumer
9%
Packaging
18%
Industrial
10%
Misc.
5%
HealthCare
9%
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
ti
ng
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.
https://www.avient.com/sites/default/files/2021-09/avnt-q2-2021-earnings-presentation.pdf
You are advised to consult any further disclosures we make
on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.
Develop and implement solutions to end plastic
waste while supporting AEPW $1.5B
investment in key initiatives.
2 0 3 0 S U STA I NA B I L I T Y TA RG E TS
20
2 0 2 1 AV I E N T I N V E S TO R DAY
21
• Investor Day to be held December 9, 2021 in New York, NY
• Company will provide updates on its key growth drivers
with a deep focus on sustainable solutions
Revenue Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites / 5G 10%
Growth in Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
• Senior leadership team to also present on Clariant MB
integration, M&A opportunities and capital allocation
priorities
PEER COMPARISONS
22
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
23
Capex / Revenue
2021E (%)
AV I E N T I S A SS E T L I G H T
Avient Specialty
Formulators
Other
Chemical/Specialty
Companies
2 2 2 2
3 3 3
4
3
4 4 5 5 5 5
5 6
7
27
A
vi
e
n
t
A
vi
e
n
t
(E
xc
l.
https://www.avient.com/resource-center/services
This digital color service supports PCR resin coloration by digitally illustrating the color possibilities or limitations of certain types of PCR, helping to simplifying the overall decision-making process and shortening the time-to-launch for new product ranges.