https://www.avient.com/sites/default/files/2022-03/Sustainability ESG Disclosures_Animal Testing Policy.pdf
In these cases, Avient commits to minimize the
number of animals as much as possible
https://www.avient.com/sites/default/files/resources/Terms_and_Conditions_of_Sale_for_Finland_%2528English_Language_Version%2529.pdf
Except in the case of a
force majeure, if not satisfied with Seller's determination, Buyer shall have a
right to terminate the relevant purchase order(s) upon: (i) 10 days written notice;
and (ii) payment for all Products received to date, without further obligation.
Except in the case of a pre-existing master agreement in
effect between Buyer and Seller, no statement or agreement, oral or written,
made before or at the signing of the relevant purchase order(s) shall vary or
modify the written terms hereof, and neither party shall claim any amendment,
modification or release from any provision hereof unless such change occurs in
a writing signed by the other party and specifically identifying it as an
amendment to these Terms and Conditions.
The parties agree and acknowledge for the avoidance of doubt that in
case of discrepancies between both versions, the English version shall prevail
against the local language version.
18.
https://www.avient.com/sites/default/files/resources/FAQs%2520for%2520PolyOne%2520GHS%2520Requirements%2520Ver%252006%2520April%25202015.pdf
In such cases, the hazard is not displayed.
However, this evaluation may not be applicable in all
cases, for all such substances.
In other cases, PolyOne has been advised by the suppliers of certain raw materials (carbon black and
titanium dioxide are two prime examples) that the classification of their materials as IARC category 2B
carcinogens are based on certain studies involving rats, and due to a toxicological phenomenon known as
“rat lung overload,” carcinogenicity seen in such rats is not believed to be extended to humans.
https://www.avient.com/sites/default/files/2024-09/Avient_RY 2023 CDP Verification Opinion Declaration.pdf
Boundaries of the reporting company GHG emissions covered by the verification:
• Operational Control
• Global
Exclusions:
• Fugitive refrigerants from units
https://www.avient.com/sites/default/files/resources/PDI_Case_Study_-_Medical_Device_0.pdf
Case Study
The PDI Dif ference
Characterizing the polymer’s viscoelastic properties under
conditions that simulate the human body helped PDI to predict
creep performance, which identifies the measurable strain
put on a polymer over a given period of time.
https://www.avient.com/sites/default/files/2021-04/bergamid-electronic-connectors-case-study.pdf
CUSTOM SOLUTION
PROVIDES SIGNAL DAMPING
AND HEAT RESISTANCE FOR
ELECTRICAL CONNECTOR
CASE STUDY: BERGAMID™ NYLON FORMULATIONS
Challe
nge Accepted.
https://www.avient.com/sites/default/files/2021-04/bergamid-seat-fastener-case-study.pdf
SWITCHING FROM
STEEL TO NYLON
CREATES MULTIPLE
BENEFITS
CASE STUDY: BERGAMID™ NYLON FORMULATIONS
Challe
nge Accepted.
https://www.avient.com/sites/default/files/2023-06/EZR Gun Grip Case Study.pdf
CASE STUDY: CORE™ NON-PHTHALATE PLASTISOLS
Challe
nge Accepted.
https://www.avient.com/sites/default/files/2024-09/Terms and Conditions of Sale for Germany.pdf
In
case of a defect the Buyer is entitled to
alternative performance (Nacherfüllung)
in the form of delivery of a non-defective
Product.
In case of discrepancies
between both versions, the English version shall
prevail.
In case of a defect the Buyer is entitled to alternative performance (Nacherfüllung) in the form of delivery of a non-defective Product.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Investor%2520Day%25205-18-15.pdf
Van Hulle
President, Global Color, Additives & Inks
PolyOne Corporation Page 16
Building &
7%
Electrical &
1%
14%
31% Textiles
7%
2014 Revenue by
Industry Segment
2014 Revenues:
$0.9 Billion
At a Glance
Global Color, Additives & Inks
44%
Europe
36%
Latin America
PolyOne Corporation Page 17
A Case Study for Transformational Success
1.7%
4.6% 5.1% 5.5%
7.2%
8.1%
9.7%
12.2%
14.7%
2006 2007 2008 2009 2010 2011 2012 2013 2014
Operating Margin
$9
$26 $28 $25
$43
$50
$75
$104
$125
2006 2007 2008 2009 2010 2011 2012 2013 2014
Operating Income ($M)
•Cultural mindset shift
from volume to value
•Customer centric focus
and training
•Differentiation with
innovation and service
•Acquisitions expand
portfolio of technology
Global Color, Additives & Inks
PolyOne Corporation Page 18
395
262
2006 2014
From Volume…
(lbs in millions)
-34%
$94
$293
2006 2014
To Value
Gross Margin
($ in millions)
+210%
Global Color, Additives & Inks
PolyOne Corporation Page 19
Accelerating Growth
Global Color, Additives & Inks
Innovation
Market Growth/
Megatrends
Geographic
Expansion
Collaboration
PolyOne Corporation Page 20
Who We Are Growing With
Global Color, Additives & Inks
PolyOne Corporation Page 21
Innovation Pipeline Potential
Global Color, Additives & Inks
Addressable Market
($ millions) $300 $500 $400
Prototype Frame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
3
3
5
0
1
8
3 1 1
5
1
1
1
1
0
Breakthrough
Platform
Derivative
PolyOne Corporation Page 22
Megatrends Aligned with Key End Markets
Increasing
Energy
Efficiency
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
Global Color, Additives & Inks
PolyOne Corporation Page 23
$150M
Revenue
Potential
$500M
Revenue
Potential
Additive
Technologies InVisiOSM Color &
Design Services
Key Initiatives
Global Color, Additives & Inks
PolyOne Corporation Page 24
Innovation Market Growth /
Megatrends
Geographic
Expansion
Collaboration
Platinum Vision
1.7%
7.2%
14.7%
20%+
2006 2010 2014 2020
Platinum
Vision
World Class Operating Margin
Accelerating Growth
Global Color, Additives & Inks
PolyOne Corporation Page 25
Summary
• Global Capabilities
• Innovation Leader
• Collaboration – One PolyOne
Global Color, Additives & Inks
Color Matters
PolyOne Corporation Page 26
Global Specialty Engineered Materials
Craig M.
Nikrant
President, Global Specialty Engineered Materials
PolyOne Corporation Page 27
What We Do
Concept to
Design
Specialty
Formulations
Global Specialty Engineered Materials
PolyOne Corporation Page 28
4% Building &
18%
Electrical &
16%
5% Transportation
20%
2014 Revenue by
Industry Segment
2014 Revenues:
$0.6 Billion
At a Glance
Global Specialty Engineered Materials
44%
Europe
33%
19%
Latin America
PolyOne Corporation Page 29
A Case Study for Transformational Success
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6% 9.3%
12.1%
2006 2007 2008 2009 2010 2011 2012 2013 2014
Operating Margin
$4 $5
$18 $21
$50
$46
$47
$57
$72
2006 2007 2008 2009 2010 2011 2012 2013 2014
Operating Income ($M)
Global Specialty Engineered Materials
•Globally harmonized
specialty strategy and
culture
•Value proposition and
customer centric selling
•Differentiation with
innovation and service
•Expand technology
portfolio with select
acquisitions
PolyOne Corporation Page 30
2006 2014
From Volume…
(lbs in millions)
269 286
+6%
$42
$163
2006 2014
To Value
Gross Margin
($ in millions)
+292%
Global Specialty Engineered Materials
PolyOne Corporation Page 31
Accelerating Growth
Innovation
Market Growth
Geographic
Expansion
Collaboration
Global Specialty Engineered Materials
PolyOne Corporation Page 32
Who We Are Growing With
Global Specialty Engineered Materials
PolyOne Corporation Page 33
Innovation Pipeline Potential
Global Specialty Engineered Materials
Prototype Frame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
3
6
2
3
4
4
2 2 1
3
3
1
3
2
1
Breakthrough
Platform
Derivative
Addressable Market
($ millions) $400 $100 $200
PolyOne Corporation Page 34
Megatrends Aligned with Key End Markets
Increasing
Energy
Efficiency
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
Global Specialty Engineered Materials
PolyOne Corporation Page 35
>$150M
Revenue
Potential
Advanced Composites
Healthcare
Key Initiatives
Light-weighting
>$100M
Revenue
Potential
Global Specialty Engineered Materials
PolyOne Corporation Page 36
Platinum Vision
1.1%
8.0%
12.1%
20%+
2006 2011 2014 2020
Platinum
Vision
World Class Operating Margin
Accelerating Growth
Global Specialty Engineered Materials
Innovation Market
Growth
Geographic
Expansion
Collaboration
PolyOne Corporation Page 37
Summary
Accelerating growth is #1 priority
• Collaboration across PolyOne
• Market-driven Innovation
• Commercial and Operational Excellence
Global Specialty Engineered Materials
PolyOne Corporation Page 38
Designed Structures and Solutions
PolyOne Corporation Page 39
Custom
Engineered
71%
Packaging
29%
2%Building &
23%
27%
30%
2014 Revenue by
Industry Segment
2014 Revenues:
$0.6 Billion
At a Glance
Designed Structures and Solutions
PolyOne Corporation Page 40
Early Progress
1.4%
5.6%
7.3%
2012 2013 2014
Operating Margin
$16
$33
$45
2012 2013 2014
Operating Income ($M)
• Cultural shift from
volume to value
• Emphasis on
commercial excellence
• Mix shift to profitable
portfolio of offerings
• “Rightsizing” the
operational footprint
• Deploy Lean Six Sigma
Designed Structures and Solutions
PolyOne Corporation Page 41
A Lot of Work Remains with Tremendous Upside Potential
Guided by our Four Pillar Strategy
Specialization Globalization
Operational
Excellence
Commercial
Excellence
Designed Structures and Solutions
Focused on improving:
• Quality
• On-time Delivery
• Operational Efficiency
PolyOne Corporation Page 42
Innovating with Cross-Business Unit Technologies
Designed Structures and Solutions
Specialty Engineered Materials
Color and Additives
GLS
ColorMatrix
Geon
• Flame retardant solutions
• Flexible sound abatement materials
• Energy dissipation
• Replacement of leaded glass
• Foaming technologies
• Improved renewable packaging
• Next generation barrier packaging
• Glass replacement in packaging
PolyOne Corporation Page 43
Who We Are Growing With
Designed Structures and Solutions
PolyOne Corporation Page 44
Security Solutions
Aerospace
Key Initiatives
Architectural Solutions
$80M
Addressable
Market
$85M
Addressable
Market
$30M
Addressable
Market
Designed Structures and Solutions
PolyOne Corporation Page 45
Platinum Vision
1.4%
5.6%
7.3%
12-14%
2012 2013 2014 2020
Platinum
Vision
World Class Operating Margin
Accelerating Growth
Designed Structures and Solutions
On-Time
Delivery
Improving
Quality
Customer Centric
Selling
Market Growth Innovation &
Collaboration
PolyOne Corporation Page 46
Summary
Designed Structures and Solutions
• Operational improvements to drive quality and
service excellence
• Continue to invest to optimize and upgrade
capabilities to better serve our customers
• Execution of four pillar
strategy will drive sustained
earnings performance
• Collaboration will accelerate
our success
PolyOne Corporation Page 47
Performance Products and Solutions
Michael A.
Adjusted net cash provided by operating activities is calculated as follows:
2008Y 2009Y 2010Y 2011Y 2012Y 2013Y 2014Y
Net cash provided by operating activities $ 72.5 $ 229.7 $ 140.8 $ 72.5 $ 106.9 $ 109.0 $ 208.4
Dividends and distributions received from joint ventures (32.9) (36.5) (24.2) (6.0) - - -
Pension Cash Contributions 35.9 28.5 37.5 38.1 68.8 69.8 21.6
Adjusted net cash provided by operating activities $ 75.5 $ 221.7 $ 154.1 $ 104.6 $ 175.7 $ 178.8 $ 230.0
Net debt to adjusted EBITDA is calculated as follows:
Twelve Months Ended
(In millions) December 31, 2011 December 31, 2012 December 31, 2013 December 31, 2014
Short-term portion and current portion of
long-term debt $ 3.0 $ 3.8 $ 12.7 $ 61.8
Long-term debt 704.0 703.1 976.2 962.0
Less: Cash and cash equivalents (191.9) (210.0) (365.2) (238.6)
Net Debt $ 515.1 496.9 623.7 785.2
Income before income taxes $ 168.9 $ 83.3 $ 151.0 $ 88.4
Interest expense, net 33.7 50.8 63.5 62.2
Depreciation and amortization 53.2 65.8 108.8 123.9
Equity income from equity affiliates (5.7) - - -
Special items, impact on income before
income taxes (48.1) 55.1 46.3 164.9
Interest expense included in special items - (1.3) (1.9) -
Accelerated depreciation included in special
items - - (12.7) (23.1)
Adjusted EBITDA $ 202.0 $ 253.7 $ 355.0 $ 416.3
Net Debt/Adjusted EBITDA 2.6 2.0 1.8 1.9
Investor Day - May 18 2015 r11
Investor Day - May 18 2015
POL IR Presentation - Investor Day - 5_13_15 Master Version WEBSITE
Investor Day
Forward-Looking Statements
Use of Non-GAAP Measures
Agenda
Introduction��
Slide Number 6
The Leaders Behind the Team
Commodity to Specialty Transformation
Proof of Performance
Mix Shift Highlights Specialty Transformation
Proof of Performance
Successfully Navigating Change Since 2012
Strategy and Execution Drive Results
Well Positioned for Accelerated Growth
Global Color, Additives & Inks��
At a Glance
A Case Study for Transformational Success
Slide Number 18
Accelerating Growth
Who We Are Growing With
Innovation Pipeline Potential
Megatrends Aligned with Key End Markets
Key Initiatives
Platinum Vision
Summary
Global Specialty Engineered Materials��
What We Do
At a Glance
A Case Study for Transformational Success
Slide Number 30
Accelerating Growth
Who We Are Growing With
Innovation Pipeline Potential
Megatrends Aligned with Key End Markets
Key Initiatives
Platinum Vision
Summary
�Designed Structures and Solutions��
At a Glance
Early Progress
A Lot of Work Remains with Tremendous Upside Potential
Innovating with Cross-Business Unit Technologies
Who We Are Growing With
Key Initiatives
Platinum Vision
Summary
Performance Products and Solutions��
At a Glance
What We Have Delivered
Slide Number 50
Accelerating Growth
Who We Are Growing With
Geographic Growth Opportunities
Innovation Pipeline Potential
Megatrends Aligned with Key End Markets
Key Initiatives
Platinum Vision
Summary
PolyOne Distribution��
At a Glance
Slide Number 61
What We Have Delivered
Accelerating Growth
Who We Are Growing With
Megatrends Aligned with Key End Markets
Geographic Growth Opportunities
Going Beyond Distribution
Platinum Vision
Summary
Financial Highlights��
Who We Are Growing With
2014 Awards and Recognitions
2014 Financial Highlights
Proof of Performance & 2015 Targets
Ours is Not a Cost Cutting Story
Financial Strength
Financial Flexibility
Cash to Generate Value
Slide Number 79
Slide Number 80
2020 Platinum Vision��
PolyOne Core Values
Confirmation of Our Strategy
Strategy and Execution Drive Results
Formula for Success
Track Record of Successful Acquisitions
Driving Toward Premier Profitability
2020 Platinum Vision
Platinum Vision: Pathway to Accelerated Growth
Driving Toward a Premium Specialty Multiple
Why Invest In PolyOne?