https://www.avient.com/investor-center/news/avient-announces-first-quarter-2025-results
Furthermore, given our strong cash position and expectation for free cash flow this year, we intend to pay down between
The non-GAAP financial measures include organic performance (which excludes the impact of foreign exchange), adjusted EPS, adjusted operating income, adjusted EBITDA, adjusted EBITDA margins, free cash flow and adjusted free cash flow.
Condensed Consolidated Statements of Cash Flows (Unaudited)
https://www.avient.com/news/generational-changes-environmental-concerns-and-new-digital-universe-expected-drive-color-preferences-2023
Caption: Avient today released ColorForward™ 2023, the 17th edition of the annual color forecasting guide for the plastics industry created by its ColorWorks™ team.
The result is a unique package of inspirational materials to help plastic product designers and marketing professionals make more informed color choices for new products and packaging.
Avient employs approximately 8,400 associates and is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
https://www.avient.com/news/avient-showcase-high-performing-polymer-colorants-and-additives-expo-plast-peru
For over 18 years, Expo Plast has established itself as the gateway to the plastics industry in Latin America and the South Pacific.
ColorForward™: an annual color forecasting guide for the plastics industry developed to help brand owners and manufacturers make informed color decisions for new products and packaging
Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
https://www.avient.com/news/colornow-digital-service-avient-offers-immediate-color-matching-and-streamlined-color-design-process
SINGAPORE – October 12, 2023 – Avient Corporation, a premier provider of specialized and sustainable material solutions and services, today announced its ColorNow™ digital service is offering immediate color matching and an enhanced color design process for plastic manufacturers.
In particular, it addresses the differences between the optical properties of molded plastic parts and electronic displays, the different standards used in the electronic display industry versus the surface color industry, and the problem that feasible colors in molded plastic parts have a diverse range compared to those that can be shown by electronic displays.
Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
https://www.avient.com/news/avient-unveil-new-specialized-and-sustainable-solutions-fakuma-2023
FRIEDRICHSHAFEN, Germany – October 9, 2023 – At next week’s 28th Fakuma International Trade Fair for Plastics Processing, Avient Corporation will exhibit its latest innovations, providing sustainable and specialized material solutions for the plastics industry.
Fakuma, the world’s leading trade fair for plastic processing, takes place in Friedrichshafen, Germany, from October 17-21, 2023.
Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
https://www.avient.com/news/avient-features-sustainable-polymer-colorants-and-additives-specialty-engineered-materials-and-services-plastimagen-2023
PCR grades are formulated from multiple types of recycled content, ranging from ocean plastics to food packaging.
The ColorWorks™ team will highlight ColorForward™, the annual color forecasting guide for the plastics industry.
Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
https://www.avient.com/news/new-details-specialty-sustainable-technologies-and-services-avient-featured-k-2022
Avient Joint Study with Borealis Reveals Wide Range of Color Options for Recycled Plastics
The K show is the world’s largest plastics industry event.
Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
https://www.avient.com/news/colorforward-forecasts-eclectic-color-palette-2026
Avient’s ColorForward™ Color Trend Forecasting Tool for the Plastics Industry Forecasts an Eclectic Color Palette in 2026
ColorForward 2026, created by the ColorWorks™ team at Avient, outlines four global societal trends that will likely affect consumers' emotions in the coming years and, in turn, influence their color choices for plastic products.
Offering an annual color direction tool was an unconventional and daring concept for a plastic solutions provider twenty years ago.
https://www.avient.com/sites/default/files/resources/Innovation_Day_-_May_2014_0.pdf
Richardson
Executive Vice President, Chief Financial Officer
PolyOne Corporation Page 15
Track Record of Accelerated Growth
Total Revenue Adjusted EPS Adjusted EBITDA
$2,061
$2,506
$2,709
$2,861
$3,771
2009 2010 2011 2012 2013
($ in millions, except EPS )
$105
$179
$202
$255
$344
2009 2010 2011 2012 2013
$0.13
$0.68
$0.82
$1.00
$1.31
2009 2010 2011 2012 2013
PolyOne Corporation Page 16
$0.31
$0.44
$0.20
$0.30
$0.40
Q1 2013 Q1 2014
Adjusted EPS
$42
$60
$20
$40
$60
Q1 2013 Q1 2014
Specialty Operating Income
($ millions)
Q1 2014 Financial Highlights
Growth momentum accelerates
driven by specialty platform
Specialty segments and
Distribution achieve record results
All segments increase operating
income compared to prior year
Revenue grew 25% versus
Q1 2013
+43%
+42%
$57
$79
$30
$60
$90
Q1 2013 Q1 2014
Adjusted Operating Income
($ millions)
+39%
PolyOne Corporation Page 17
Commitment to Operational Excellence
81%
96%
2006 2013
16.2%
10.9%
2006 2013
On-Time Delivery
Working Capital % of Sales
5.0%
31.0%
2006 2013
Percent of Associates Trained in LSS
Three consecutive years – CFO Magazine
Best Working Capital Management
Program in the chemical industry
World’s Best Business
Process Excellence
Program in 2012*
95 certified Black Belts
211 certified Green Belts
422 Project Leaders
World’s Best “Start-up
Program” for Lean Six Sigma
Deployment in 2009*
*Both awards received from International Quality and Productivity Center
PolyOne Corporation Page 18
Debt Maturities & Pension Funding – 3/31/14
Net Debt / EBITDA* = 1.9x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of March 31, 2014
($ millions)
Coupon Rates: 7.500% 7.375% 5.250%
*TTM 12/31/2013
** includes US-qualified pension plans only
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of March 31, 2014
PolyOne Corporation Page 19
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
$0.16
$0.20
$0.24
$0.32
$0.10
$0.20
$0.30
$0.40
2011 2012 2013 2014
Annual Dividend
Expanding our sales, marketing,
and technical capabilities
Targets that expand our:
• Specialty offerings
• End market presence
• Geographic footprint
• Operating Margin
Synergy opportunities
Adjacent material solutions
Repurchased 1.4 million shares in
Q1 2014
Repurchased 6.4 million
shares since April 2013
13.6 million shares are
available for
repurchase under the
current authorization
Organic
Growth
Acquisitions
Share
Repurchases
Dividends
Investing in operational and
LSS initiatives (including
synergy capture)
Manufacturing alignment
PolyOne Corporation Page 20
3.07 3.05
1.81
1.45
1.82
1.54
0.85
3.15
1.17
1.69
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
0.91
PolyOne
Valuation Aspirations
PEG Ratio Comparison
Represents $38 of
share price upside
Avg = 1.96
PolyOne Corporation Page 21
Innovating for the Future
Dr.
Christopher Murphy
Vice President, Research and Development
Chief Innovation Officer
PolyOne Corporation Page 22
2 lbs Plastic
=
3 lbs aluminum
or
8 lbs steel
or
27 lbs glass
33% less material by weight
than aluminum
75% less material by weight
than steel
93% less material by weight
than glass
Requires 91% less energy
to recycle a pound of plastic
versus a pound of paper
Source: SPI: Sustainability and the Plastics Industry
Plastics: Key to Future Sustainable Development
PolyOne Corporation Page 23
Decreasing
Dependence on
Fossil Fuels
Globalizing
and Localizing
• Aging
population
• Longer life
expectancy
• Healthy living
• Aging in place
• Environmental
consciousness
• Alternative
energy
• Resource
efficiency
• Biotechnology
• Global
leader/local
expert with
customized
solutions
• Global OEMs
seeking one
standard of
service
everywhere
• Efficiency focus
• Reduced
size/weight
• Mass transit
• Alternative
materials
• Electric
vehicles
Protecting the
Environment
Improving
Health and
Wellness
Alignment with Megatrends
PolyOne Corporation Page 24
Innovation Drives Earnings Growth
$20
$53
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index
Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
PolyOne Corporation Page 25
Prototype Frame
Opportunity
Scale-up &
Test Market
Build
Business Case
Commercial
Launch
Phase
1
Phase
2
Phase
3
Phase
4
Phase
5
4
11
5
10
6
9
3 4 2
15
9
1
10
4
Breakthrough
Platform
Derivative
A Rich Pipeline of Opportunity
Number of Projects 25 14 19 17 18 93
Addressable Market
($ millions)
TBD TBD $800 $450 $450 $1,700
PolyOne Corporation Page 26
Recent Innovations
Aligned with Megatrends
in Key End Markets and
2015 Goals
Robert M.
Patterson
President and Chief Executive Officer
PolyOne Corporation Page 27
Well Positioned for Revenue Growth
Addressable Market by Platform
$540
$215
$120
$40
$260
$525
($ millions)
Design/Service
Sustainable
Solutions
Surface
Modification
Lightweighting
Thermal
Control
Flame
Retardancy
$1.0 - $2.0 Billion of revenue
generated from new
products in 5 years
Gross margin on new products
exceed current gross margin by at
least 10 percentage points
World class vitality index of ≥ 35%
2018
PolyOne Corporation Page 28
Megatrends Aligned with Key End Markets
Decreasing
Dependence
on Fossil
Fuels
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
PolyOne Corporation Page 29
2006 2013
Revenue
($ millions)
Health and Wellness Evolution
General
purpose
tubing
TPE applications
from GLS
Specialty tubing
Ergonomic
enhancements
Pre-certified
biocompatible
colorants
Highly
sophisticated
catheter and
drug delivery
components
Chemical and
heat
sterilizable
materials
Authentication
and protection
technologies
Addressing
wellness,
prevention,
diagnostic and
therapy changes in
healthcare setting
Healthcare
packaging
solutions
2006
2015 &
Beyond
$416
$105
PolyOne Corporation Page 30
Transportation Evolution
General
purpose
formulations
(bumpers, roof
racks)
Long fiber for
lightweighting
Thermal
management for
LED lighting
Thermoset
composite
pultrusions
Conductive
polymers for EMI
shielding
Formulations for
aerospace interiors
Thermoplastic
composites
High temperature
formulations for
aerospace
Expand 3D printing
capabilities
2006
2015 &
Beyond
2006 2013
Revenue
($ millions)
$709
$315
PolyOne Corporation Page 31
Packaging Evolution
Masterbatch
colors and PVC
packaging
materials
TPEs to enhance
brand appeal and
consumer
functionality
Liquid color and
additive
technologies to
extend shelf life,
preserve taste and
differentiate brands
Leveraging color,
additives and sheet
technology for
healthcare and
consumer packaging
solutions
2006
2015 &
Beyond
2006 2013
Revenue
($ millions)
$612
$260
PolyOne Corporation Page 32
Consumer Evolution
Commodity plastic
and masterbatch
color solutions
Engineered
materials to
enhance customer
appeal through
visual and
performance
improvements
Formulated metal-
to-polymer
conversion to
enhance
performance and
reduce
manufacturing
costs
Biopolymers &
composite materials
leveraging unique
color technology to
build brand identity
2006
2015 &
Beyond
2006 2013
Revenue
($ millions)
$394
$228
PolyOne Corporation Page 33
Interactive Display
Introduction
PolyOne Corporation Page 34
Interactive Displays
INNOVATION DISCUSSION LEADER TECHNOLOGIES MARKETS
Polycast™ Bullet Resistant Sheet Aerospace
GlasArmor™ Ballistic Resistant Panels Security
reFlex™ Bio-Based Plasticizer Solutions
Wilflex™ Oasis Hydrate
InVisiO℠
Color Inspiration Forecast
In-Store Audits
OnColor™ Portfolio
Light Weighting
Thermal Management
Corrosion Resistance
Design Flexibility
Sustainability
Global Supply Chain
Ergonomics and Aesthetics
Consumer Appeal
9) Consumer Electronics Solutions
Walter Ripple
General Manager
GLS
Personal Electronics
Wearable Electronics
Hand Held Devices
Portable Audio
7) Metal Replacement Technology
Kurt Schuering
Vice President
Global Key Account Management
Aerospace
Sporting and Shooting
8) Medical Device Solutions
Dr.
https://www.avient.com/company/sustainability/sustainability-report/products/markets/healthcare-case-study
Plastics are a crucial tool in saving lives and improving health and safety in our communities.
Versaflex™ HC Thermoplastic Elastomers are formulated to meet demanding healthcare device and application challenges without phthalate plasticizers.
WithStand™ Antimicrobial Technology provides antimicrobial and antifungal additives that reduce bacterial, mold and fungal growth in finished plastic parts used in hospital surfaces.