https://www.avient.com/sites/default/files/resources/Investor%2520Presentation%2520Mar19.pdf
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
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 31
T A L E N T D E V E L O P M E N T
PolyOne Corporation 32
Leadership Program Participants
2012
2013
2015
47
86
2016
2018
125
169
315
Campus Hires
2008
2011
2017
25
90
47
PolyOne LSS Blackbelts
2008
2011
2018
67
220
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 33
Material
& Color
Expertise
Manufacturing
Expertise
3
14
Industrial designers
$0
$10M
$4M
$80M
Opportunity funnel New business revenue
LSS CUSTOMER FIRST
PolyOne Corporation 34
Customer Projects
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 35
PolyOne Corporation 36
99.9%
up to 24 weeks
6 hours
C O L O R M A T R I X S E L E C T ™
I N N O V A T I N G W I T H P O L Y O N E
PolyOne Corporation 37
SEGMENT HIGHLIGHTS
C O L O R , A D D I T I V E S & I N K S
PolyOne Corporation 38
Solid
Colorants
Performance
Additives
Screen
Printing Inks
Liquid
Colorants
14%
Textiles
13%
Building & Construction
8%
8%
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 ER $ 1 B I L L I O N
$4
$25
$104
$159
0.9%
5.5%
12.2%
15.1%
PolyOne Corporation 39
45%
14%
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
PolyOne Corporation 40
Engineered
Formulations
Advanced
Composites
Thermoplastic
Elastomers
21%
13%Healthcare
9%
9%
Building &
Construction 4%
Electrical &
Electronics
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
2 0 1 8 R EV EN U E | $ 6 4 6 M I L L I O N
PolyOne Corporation 41
$21
$57
$72
0.1%
5.1%
9.3%
11.2%
46%
24%
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
PolyOne Corporation 42
Specialty Vinyl
Solutions
Healthcare
Formulations
Smart Device
Flame Retardant
Polymers
Building &
16%Consumer
4%
Electrical &
4%
Asia
78%
Mexico
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
Operating Income & MarginRevenue by Region
2 0 1 8 R EV EN U E | $ 7 3 6 M I L L I O N
$40
$24
$56
$74
4.6%
3.6%
7.2%
10.0%
PolyOne Corporation 43
D I S T R I B U T I O N
EN D M A R K ET S & S U P P L I ER S
PolyOne Corporation 44
27%
22%
Electrical &
Building &
$20
$25
$63
$71
2.9%
4.0%
5.9%
5.6%
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 45
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 46
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
Luxury Packaging
GravitechTM Density Modified Polymers
Optimize Color Usage
OnColorTM Super Concentrates
Combat Bacteria Formation
WithStandTM Antimicrobial Technology
Medical Device Housings
Chemically Resistant Engineered Polymers
Color & Design Services
Outdoor Applications
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.
Below is a
reconciliation of these non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP.
Adjusted EPS attributable to PolyOne common shareholders is calculated as follows:
2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2018
Net income from continuing operations attributable to
PolyOne common shareholders $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6 $ 166.4 $ 173.5 $ 161.1
Joint venture equity earnings, after tax (19.0) (14.7) (3.7) — — — — — — —
Special items, before tax(1) (48.7) 24.2 (48.1) 55.1 46.3 164.2 87.6 23.8 32.9 59.5
Special items, tax adjustments(1) (27.2) (96.7) (24.7) (18.9) (13.7) (73.7) (58.7) (15.9) (24.8) (25.3)
Adjusted net income from continuing operations
attributable to PolyOne common shareholders $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5 $ 174.3 $ 181.6 $ 195.3
Diluted shares 93.4 96.0 94.3 89.8 96.5 93.5 88.7 84.6 82.1 80.4
Adjusted EPS attributable to PolyOne common
shareholders $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96 $ 2.06 $ 2.21 $ 2.43
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principle, discontinued operations or the related resegmentation
https://www.avient.com/sites/default/files/2020-10/photovoltaic-floating-power-station-case-study.pdf
ENERGY MOVES
FROM LAND
TO WATER
CASE STUDY: PHOTOVOLTAIC FLOATING POWER STATION
Challe
nge Accepted.
These
power stations sidestep high land costs and remove
all obstacles to light absorption.
While a move to floating photovoltaic power stations
has decided advantages, water-based power stations
also pose new challenges.
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
Avient does not provide reconciliations of forward-looking non-GAAP financial measures, such as outlook for Adjusted EBITDA, Adjusted Earnings Per Share, Adjusted Operating Income and Free Cash Flow, to the most comparable
GAAP financial measures on a forward-looking basis because Avient is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort.
Examples include:
• Unique technologies that improve the
recyclability of products and enable recycled
content to be incorporated, thus advancing a
more circular economy
• Light-weighting solutions that replace heavier
traditional materials like metal, glass and wood,
which can improve fuel efficiency in all modes of
transportation and reduce carbon footprint
• Sustainable infrastructure solutions that increase
energy efficiency, renewable energy, natural
resource conservation and fiber optic / 5G
network accessibility
Avient employs approximately 8,700 associates and is
certified ACC Responsible Care® and a founding
member of the Alliance to End Plastic Waste.
Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA
HIGH FREE CASH FLOW
CONVERSION
Avient reflects 2022 estimated EBITDA of $635M and estimated CAPEX of $90M (excludes IT system upgrade of $15M and synergy capture CAPEX of $10M)
Avient PF reflects 2022 modelled EBITDA of $660M and estimated CAPEX of $120M to reflect Dyneema run-rate CAPEX, as well as potential sale of Distribution.
https://www.avient.com/news/polyone-helps-global-vision-2020-bring-usee-life
Creating a diagnostic device that can be used to determine a person’s eyeglass prescription without the support of a doctor or vision specialist.
This device enables local volunteers trained as ‘refractionists’ to assist patients, who turn dials on the USee to determine their own prescription (self-refraction).
The USee device is packaged within a kit that contains various strength lenses and conventional eyeglass frames.
https://www.avient.com/industries/healthcare
Inhalation Devices
IVD Devices
Medical Devices & Equipment
https://www.avient.com/industries/transportation/automotive/automotive-lighting
Power Management
Mobile Devices
IVD Devices
https://www.avient.com/industries/transportation/automotive/under-hood-components
Power Management
Mobile Devices
IVD Devices
https://www.avient.com/sites/default/files/2024-04/Maxxam REC Outdoor Plug Socket Case Study_A4.pdf
CASE STUDY: MAXXAM™ REC RECYCLED POLYOLEFIN FORMULATIONS
COLLABORATING
TO REDUCE PLASTIC
OCEAN WASTE
AVIENT FORMULATES RECYCLED OCEAN-BOUND PLASTICS,
MAINTAINING MATERIAL PERFORMANCE AND REDUCING
CARBON FOOTPRINT
THE CHALLENGE
The family-owned electrical component supplier,
Hager Group, produces electrical switches, sockets,
devices, controls, housings, and more for installation
in homes and commercial buildings.
Using Avient’s Product Carbon Footprint Calculator,
which has been third-party certified by TÜV Rhineland
to ISO 14067 standard, the new Avient formulations
enable a 50% carbon footprint reduction compared to
the materials previously used.
https://www.avient.com/industries/consumer/consumer-discretionary/home-household/consumer-electronic-accessories
Power Management
Mobile Devices
IVD Devices
https://www.avient.com/sites/default/files/resources/PDI_Case_Study_-_Medical_Device_0.pdf
The predictions
provided guidance in selecting the right temperatures to use
in a 30-day compressive creep test that enabled PDI to more
accurately estimate device performance over a 20-year span.
This
device exemplifies the next generation in disc replacement and offers mobility
equal to the body’s natural components.
Simulated, in-vitro testing of the compressive creep and shear viscoelastic properties of the device assured
designers that the Freedom Lumbar Disc™ would replicate the natural motion of the spine.