https://www.avient.com/news/polyone-announces-second-quarter-2014-results
Adjusted earnings per share increased 38% to $0.51, marking the 19th consecutive quarter of double-digit adjusted EPS growth; GAAP EPS totaled $0.33 versus $0.39 in the prior year quarter
Special items, after tax (Attachment 3)
Attachment 3
https://www.avient.com/resources/safety-data-sheets?page=4630
ROSE SC 3
HMF RED HOT UV PE 8
YELLOW PMS 3395 38 DBJ
https://www.avient.com/sites/default/files/2020-08/2020-hammerhead-application-install-guide.pdf
MARINE PLYWOOD
Hammerhead™ panels are three times lighter than marine plywood
MOISTURE ABSORPTION % weight change due to water absorption for selected
composites and marine plywood
10000
60000
110000
160000
210000
260000
310000
360000
0.5 0.75 1 1.25 1.5
F
le
x
u
ra
l
R
it
y
-
lb
/
2
Panel Thickness - in
Hammerhead™ 5.3lb/in^3 Core Density Hammerhead™ 8.4lb/in^3 Core Density Plywood
— Hammerhead™ 5.3 lb/ft3 Core Density
— Hammerhead™ 8.4 lb/ft3 Core Density
— Marine Plywood
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
0 10 20 30 40 50 60 70 80 90 100
%
W
t
C
a
g
Immersion Time - Days
.50" Hammerhead™ .75" Hammerhead™ 1" Hammerhead™ 1.50" Hammerhead™
.50" marine plywood .75" marine plywood 1" marine plywood
Fl
ex
ur
al
R
ity
-
lb
-in
2
INSTALLATION INSTRUCTIONS
CUTTING & DRILLING
Recommended blade: Industrial fine cut-off saw blade, 10" x 80 teeth 38° ATB grind with 5/8" bore,
PTFE coating
Recommended router bits: 3/8" diameter, 4 flute TiAlN (titanium aluminum nitride) coated carbide bit
FORMING
Apply localized 400˚F heat at a length proportional to the panel thickness (see equation below)
and bend to shape.
BREAK STRENGTH
(LBS)
Hammerhead™
with 5.3 lb/ft3
2 in 420
Hammerhead™
with 8.4 lb/ft3
2 in 332
Marine Plywood 2 in 984
Glass/Polyester with
Balsa Core 2 in 1298
Hammerhead™
with 5.3 lb/ft3
Core Density -
ITW Plexus
NA 501
Hammerhead™
with 8.4 lb/ft3
Core Density -
ITW Plexus
NA 1156
Hammerhead™
with 8.4 lb/ft3
Core Density -
Crestomer
1152PA Adhesive
NA 1530
Hammerhead™
with 8.4 lb/in3
Core Density -
Crestomer
M1-30 Adhesive
NA 1471
ADHESIVE
DESCRIPTION
ADHESIVE
GRADE MANUFACTURER
AVERAGE
BOND
STRENGTH
(PSI)
STANDARD
DEVIATION
FAILURE
MODE
BEST ADHESION
2k Urethane 75421 Lord 2281 184 Substrate
Cohesive
2k Acrylic SA1-705 GRY1 AccraLock 2211 78 Substrate
2k Acrylic Plexus MA420 ITW 2171 262 Substrate
2k Acrylic SA10-05 Blk1 AccraLock 2102 138 Substrate
2k Urethane 75451 Lord 2047 68 Cohesive
2k Acrylic SA1-705 GRY 1:2 AccraLock 1966 68 Substrate
2k Acrylic Scotchweld 8010 3M 1907 61 Adhesive
Cyanoacrylate Gorilla Glue Gorilla Glue 1885 432 Cohesive
2k Acrylic Crestabond PP-04 Scott Bader 1873 281 Substrate
2k Acrylic SA10-05 Blk 10:2 AccraLock 1779 127 Cohesive
2k Urethane 75422 Lord 1716 190 Cohesive
Adhesive
2k Urethane 75452 Lord 1535 98 Adhesive
2k Methacrylate Polyfuse Icon
Containment 1610 98 Adhesive
INTERMEDIATE ADHESION
2k Acrylic FA10-05 Blk
C010817 AccraLock 724 58 Cohesive
2k Acrylic FA10-05 Blk1 AccraLock 722 44 Cohesive
2k Epoxy Loctite Epoxy
Instant Mix Loctite 508 81 Adhesive
2k Epoxy Gorilla Glue Epoxy Gorilla Glue 341 198 Adhesive
NOT RECOMMENDED
2k Epoxy Loctite Epoxy
Marine Loctite 0 0 No bond
ADHESIVE SELECTION
Brands identified are owned by the manufacturers of the adhesive products.
1 surface sanded with 220 grit scuff prep 2 surface primed with 459T
FASTENER TYPE BENEFITS CONSIDERATIONS
Through-Bolting Best mechanical
locking system
Need back side
access to panel
Screw-In Anchor Highest pullout
strength Requires pilot hole
Cup Washer Spreads
compressive load
Requires relief hole;
For substructure and
hard point attachment
Wide Grip
(Bulb-Style)
Rivet
Ease of use—no
installation torque
limitations
For lower
load attachments
Sheet Metal or
Wood Screw
Readily available,
low cost
Penetrate both skins
for improved pullout
Shoulder Washer Limits
compressive load
Requires relief hole;
For substructure and
hard point attachment
For more information on installation, adhesives, and fasteners
for specific applications, please contact Avient.
https://www.avient.com/sites/default/files/2022-06/Maxxam FR Injection Molding Processing Guide.pdf
Drying non-halogenated materials is suggested.
2 hours @ 100 (38)
Moisture Range
(%)
Not required
Follow up by purging machine with general
purpose PP
• Residence time should not exceed 5 minutes for Maxxam FR products
• General ventilation is suggested
Shut Down
• Purge the equipment with a general purpose PP
• All tooling and equipment must be free of any residual Maxxam FR upon
shut down
• Continue generating parts made from the natural PP until clear
• Wipe down tool steel with mold cleaner
• When using a hot runner system, care must be taken to remove residual
product from the manifold
MOLD DESIGN RECOMMENDATIONS
Cold Slug Wells
• Place cold slug wells at the base of the sprue to capture the cold material first
emerging from the nozzle
• Place cold slug wells at every 90° bend in the runner system
• Well depths approximately 2–3 times the diameter of the runner provide best
results
Draft Angle • Draft angle should be 1/2°–1° per side.
Vents should be placed at the intersection of each 90° bend in the runner
system off of the cold slug well and vented to atmosphere
Black Specks
Contamination
• Purge barrel with general purpose PP
• Verify correct nozzle is being used
• Pull screw for cleaning
Degraded/overheated
material
• Decrease melt temperature
• Decrease injection speed
• Use appropriately sized barrel
Brittleness
Degraded/overheated material
• Decrease melt temperature
• Decrease injection speed
• Use appropriately sized barrel
Gate location and/or size
• Relocate gate to nonstress area
• Increase gate size to allow higher flow rate and
lower molded-in stress
Burning
Process related
Mold design • Clean, widen and increase number of vents
• Increase gate size to reduce shear
Fibers/Minerals on
Surface or Uneven
Surface Appearance
Melt temperature too low
• Increase injection speed
Insufficient packing • Increase hold pressure and time
Flash
Injection pressure
too high
• Decrease injection pressure
• Increase clamp pressure
• Increase transfer position
Excess material volume
• Decrease pack pressure
• Decrease shot size
Melt and/or mold too hot
• Decrease screw speed
Loose clamp • Reset mold height
• Increase clamp tonnage
Troubleshooting Recommendations
Incomplete Fill
Melt and/or mold too cold
• Increase nozzle and barrel temperatures
Mold design
• 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
Shot size • Adjust transfer position to 98% full
Nozzle Drool Nozzle temperature too hot
• Decrease nozzle temperature
• Increase screw decompression
Shrink
Too much shrink • Increase cooling time
Too little shrink • Decrease cooling time
Sink Marks
Part geometry too thick • Reduce wall thickness
• Reduce rib thickness
Melt too hot • Decrease nozzle and barrel temperatures
Insufficient material
volume
• Increase packing pressure
Troubleshooting Recommendations (continued)
Sticking in Mold
Overfilled cavity
• Decrease injection rate and pressure
• Decrease hold pressure
• Decrease cooling time
Mold design • Increase draft angle
• Polish cores in direction of ejection
Part is too hot
• Increase cooling time
Warp
Process related
• Increase cooling time
• Increase pack pressure
• Increase pack time
Mold design • Inspect for non-uniform mold cooling
Part design • Inspect for non-uniform wall thickness
Temperature control unit
incorrect temperature
• Check settings
• Inspect thermocouple
Weld Lines
Melt front temperatures
are too low
• Increase pack and hold pressure
Mold design
• 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
1.844.4AVIENT
www.avient.com
Copyright © 2022, Avient Corporation.
https://www.avient.com/resources/safety-data-sheets?page=4178
PEARL GREEN #3
MNE31-38-7 Self Bond
PP FR 8-6 LMS-1000
https://www.avient.com/sites/default/files/2022-02/Edgetek-Surgical torque wrench-Application snapshot.pdf
https://www.avient.com/products/fiber-line-engineered-fiber-solutions/high-performance-synthetic-fibers/ultra-high-molecular-weight-polyethylene
38
https://www.avient.com/news/polyone-recognized-spe-automotive-innovation-awards-new-all-plastic-temperature-sensor
The new patent-pending sensor, a finalist in the Body Interior category, is easier to assemble and weighs 38% less than the current metal design.
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.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.
Outdoor High Performance) 8 18% 3
Growth in Asia / LATAM 6 3% 2
Other 100 19% 5
Sub-total $1,327 14% $146
Outdoor High Performance Impact (5) (3)
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 5
Incentives, Other Employee Costs 8
FX (28) (5)
Q1 2022 $1,294 11% $136
Q1 2022 SALES AND OPERATING INCOME
Sales Growth Rate
Operating
Income$ millions
EBITDA
Q1 EBITDA BRIDGE
12
Price increases more than
offset raw material and
supply chain impacts
Q1 2021 $ 161
Demand (23)
$ millions
CAI:
Price / Mix 77
Inflation (54)
SEM:
Price / Mix 41
Inflation (26)
Distribution:
Price / Mix 84
Inflation (82)
Net Price Benefit 40
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 5
Incentives, Other Employee Costs 8
FX (5)
Q1 2022 $ 171
China Lockdowns / Russia Impact $ (7)
Transportation (7)
Outdoor High Performance (3)
Q1 EPS BRIDGE
13
Q1 2021 - Adjusted EPS 0.89$
CAI 0.08
Specialty Engineered Materials 0.06
Distribution 0.00
Corporate Costs 0.02
F/X (0.04)
Segment OI 0.12
Tax Rate (0.02)
Q1 2022 - Adjusted EPS 0.99$
2022 O U T LO O K
REVENUE GROWTH DRIVERS
Growth Drivers Long-Term
Growth Rate
2022E
Growth Rate
Sustainable Solutions 8–12% 12%
Healthcare 8–10% 10%
Composites 10% 5%
Asia / LATAM 5% 5%
Other (GDP growth) 2–3% 2–3%
Avient 6.5% 6%
15
Excluding Outdoor High Performance 20%
(8% excl.
Whether
an additional line at an existing
manufacturing plant, or a new
facility in a growing region, we
ramp-up quickly and cost-efficiently.
43
Capex / Revenue
2022E (%)
AVIENT IS ASSET LIGHT
Avient Specialty
Other
2 2 2
3 3
7 7
8
P
PM AV
N C
Source: Peer data per Bloomberg market data as of April 21, 2022.
https://www.avient.com/sites/default/files/2022-03/AVNT Mar 2022 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.
WHY AVIENT WINS
Deep Customer Relationships
& Application Know-How
Superior Design Capabilities
& Advanced Analytics
Global Footprint Strategically
Aligned to Serve Customers
We iterate fast and often.
38 21
9
34
• U.S. and Canada
• Latin America
• Europe, Middle East & Africa
• Asia
We produce locally, serve globally.
Purchase price multiple rapidly declining on strength of
business and synergy capture
14
$133
$205
2019PF 2021
14
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
11.9%
16.2%
2019PF 2021
EBITDA Margins
CLARIANT COLOR:
TRANSFORMATIONAL ACQUISITION
(1) Financial information is pro forma to include a full year of Clariant Color business
($ millions)
Initial
Synergy
Estimate
2021
Synergy
Realization
Total
Synergies
Expected
Administrative $ 18 $ 29 $ 40
Sourcing 24 20 24
Operational 18 5 21
Total Synergies $ 60 $ 54 $ 85
CLARIANT COLOR INTEGRATION &
COST SYNERGIES UPDATE
15
• Integration going extremely well: synergy target increased to $85 million at December 9th Investor Day
• Relentless focus on guiding principles of safety first, employee collaboration and exceeding customer expectations
• Future revenue synergies are not part of these estimates and represent additional growth over the long term
SUSTAINABILITY FOR A BETTER TOMORROW
• Revenue from sustainable solutions grew
16% in 2021 and expected to grow 8-12% in
2022 as our innovation efforts and
collaboration with customers accelerates
• Investments centered around innovation and
global sustainability megatrends
o Enabling a circular economy –
Technologies that allow for increased use of
post-consumer recycled (PCR) material and
improve recyclability of plastics
o Light-weighting – Composites and CAI
applications to reduce weight and material
requirements, which minimize energy and
carbon emissions
o Eco-Conscious – Health and human safety
applications as well as Avient’s alternative
materials to replace lead, PVC, halogens,
BPA and other less eco-friendly options
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
2016 2017 2018 2019 2020PF** 2021
$405M
$455M
$550M
$790M
Revenue From Sustainable Solutions* 2016-2021
$915M
$340M
PEOPLE
C U L T U R E I S E V E R Y T H I N G
Community Service
7x Safer
than Industry Average
World-Class Safety
Leadership Development
Over $16 million
raised since 2010
Diversity & Inclusion
17
Q4 2020 $997 $80
Sustainable Solutions 23 12% 8
Healthcare 53 43% 9
Composites 7 22% 2
Growth in Asia / LATAM 14 10% 3
Other 118 23% 2
Sub-total $1,212 22% $104
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (10) (13)
Q4 2021 $1,202 21% $85
Q4 2021 SALES AND OPERATING INCOME
18
Sales Growth Rate
Operating
Income$ millions
EBITDA
Q4 EBITDA BRIDGE
19
Price increases more than
offsets raw material and
supply chain impacts
Q4 2020 $ 118
Demand -
$ millions
CAI:
Price / Mix 62
Inflation (45)
SEM:
Price / Mix 25
Inflation (20)
Distribution:
Price / Mix 114
Inflation (109)
Net Price Benefit 27
Wage Inflation and Overtime (11)
Other Supply Chain Costs (4)
Synergies 9
Incentives, FX, Other Employee Costs (13)
Q4 2021 $ 126
Transportation (5)$
Outdoor High Performance (3)
Other 8
Total Demand -
Q4 2021 SEGMENT PERFORMANCE
20
$526
$581
SEM Distribution
$58
$61
+ 11% + 6%
$305
$425
$18
$22
+ 39% + 22%
$191
$228
$30
$29
+ 19% - 3%
2022 O U TLO O K
REVENUE GROWTH DRIVERS
Growth Drivers
Long-Term
Growth Rate
2022E
Growth Rate
Sustainable Solutions 8–12% 12%
Healthcare 8–10% 10%
Composites 10% 3%
Asia / LATAM 5% 6%
Other (GDP growth) 2–3% 2–3%
Avient 6.5% 6%
22
Excluding Outdoor High Performance 13%
(7.5% excl.