https://www.avient.com/sites/default/files/2023-05/case-study-piranha-propeller.pdf
Complēt™ MT long glass fiber
reinforced nylon 6 composite was selected because of
the extra durability provided, making this solution ideal
for demanding applications like Piranha’s propellers.
Injection molding with long fiber composites
makes it easy to add feature details like our Hydrobites
that would be difficult and expensive to produce in
metal,” said Stahl.
https://www.avient.com/knowledge-base/white-paper/your-coconut-water-fresh-you-think?rtype[]=1122
It is likely that the health benefits surrounding coconut water are contributing to its popularity, but did you know coconut water is highly sensitive and will only retain its important vitamins and minerals if packaged correctly?
https://www.avient.com/knowledge-base/article/polyketone-next-generation-sustainable-nylon-alternative?rtype[]=1164
It has good tensile, thermal, flex, and impact properties like nylon (PA) while maintaining some of the same characteristics as acetal (POM), such as excellent wear, chemical resistance, and dimensional stability.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Portuguese.pdf
P: Alguém acabou de me pedir para manter a
porta aberta para ajudá-lo a entrar em um de
nossos prédios.
Os negócios da Avient dependem de termos a
confiança contínua dos clientes e do público.
http://Avient.com/sustainability.
25
P: Meu supervisor me pediu para seguir um
novo procedimento de descarte de resíduos,
mas não tenho certeza se é seguro ou mesmo
legal.
https://www.avient.com/ink-room-management
The balanced colorant system offers the freedom of using a variety of bases (like the PC system) with the safety of balanced fusible colors (like the finished ink system).
Deciding to go with a color mixing system may seem like an expensive proposition, but the return on investment is well worth it.
https://www.avient.com/products/thermoplastic-elastomers/dynaflex-thermoplastic-elastomers
Ideal TPEs for safe, durable and regulatory compliant applications like pacifiers, bottles and bathtubs (Chinese language version)
Ideal TPEs for safe, durable and regulatory compliant applications like pacifiers, bottles and bathtubs (English language version)
Olefin block copolymer (OBC) technology imparts a rubber-like, non-tacky feel with a smooth appearance
https://www.avient.com/sites/default/files/2024-03/Luxury Closures Application Bulletin_Online.pdf
When designing with metals like aluminum,
zinc, iron, steel, and other alloys, you may face processing challenges and complexity.
Values reported as “typical” or stated without a range do not state minimum or maximum properties; consult your
sales representative for property ranges and min/max specifications.
https://www.avient.com/sites/default/files/2022-11/Wilflex Epic Rio Ready-for-Use Standard Colors Interactive Color Card.pdf
COLOR CARD
Wilflex™ Epic™ Rio RFU Standard Colors
Vibrant and Bold Flexible Cure Inks
PRODUCT BULLETIN & COLOR CARD
Sustainability Spotlight
We took everything you liked about our Rio mixing
system and created the next generation of ready-
for-use standard colors—introducing Wilflex™ Epic™
Rio RFU Standard Colors.
Values reported as “typical” or stated without a range do not state minimum or maximum properties; consult your
sales representative for property ranges and min/max specifications.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202018.pdf
Athletes seek to defy limits, so do we.
CEO, Industry Leader
8% more sales calls annually
10% annual expansion of sales funnel,
including advances in barrier additives and
fiber colorants
12-15% compound annual operating income growth
16-18% operating margins
PolyOne Corporation 93
M&A REVIEW
J O E L R A T H B U N
PolyOne Corporation 94
TPE
O V E R A D E C A D E O F S U C C E S S F U L S P E C I A L T Y A C Q U I S I T I O N S
PolyOne Corporation 95
PolyOne Corporation 96
Safety Technology Geography Service FinancialPeople
Low EH&S
risk profile
New and
complementary
technologies
Leverage our
global footprint
Strong
customer
relationships
Foundational
operating
margins of
8-10% with
ability to double
Motivated team
with a specialty
culture
I N V E S T - T O - G R O W S T R A T E G Y
PolyOne Corporation 97
Capture
sourcing
synergies
Cross-sell
& blend
technology
8-10%
operating
margins
I N V E S T - T O - G R O W P L A Y B O O K
Protect
Retain
employees
Implement LSS to
drive efficiency
improvements
Innovate with
combined
portfolio
Safety
First!
Leverage
PolyOne’s
global reach
Phase 1 Phase 2
Phase 3
18-20%
operating
margins
Invest in
commercial
resources
I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E
PolyOne Corporation 98
Commercial
Operating
Income
Operating
243
335
$36
$90
Established Acquisitions
(> 7 years)
+ 40% + 150% + 900 bps
I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E
PolyOne Corporation 99
Commercial
Operating
Income (millions)
53
109
187
214
3
12
$12
$45
$22
$42
$2
Acquisition #1
(10 years)
Acquisition #3
(7 years)
Acquisition #2
(9 years)
EBITDA
Multiple
10.5x
3.0x
11.1x
7.6x
4.9x
2.8x
23%
17%
21%
Return on Sales
I N V E S T - T O - G R O W D R I V I N G T H E F U T U R E
PolyOne Corporation 100
Commercial
Operating
Income
Operating
44
65
$0 $0
0% 0%
Advanced Composites
I N V E S T - T O - G R O W D R I V I N G T H E F U T U R E
PolyOne Corporation 101
Commercial
Operating
Income
Operating
96
141
$16
$18
$36
11% 12%
18-20%
Recent Color Acquisitions
PolyOne Corporation 102
Average
Company Size
# of
Possibilities
Rationale
250
• Local to regional footprint
• Niche technology focus
• Concentrated customer base
$50M–$200M 150
• Regional to global footprint
• 1–3 specialty technologies
• Diversified customer base
>$200M 30
• Global footprint with local service
• Diverse specialty technologies
• Highly diversified customer & market
portfolio
S T R O N G P I P E L I N E
D R I V E N B Y F R A G M E N T E D M A R K E T
S U M M A R Y
PolyOne Corporation 103
Proven track record with specialty acquisitions using
invest-to-grow strategy
Our approach to integration differentiates PolyOne in
a competitive M&A market
Trusted brand and reputation
Buyer of choice
Robust pipeline with a range of opportunities that fit
our strategy
FINANCIAL
REVIEW
B R A D R I C H A R D S O N
PolyOne Corporation 104
PolyOne Corporation 105
A D J U S T E D E P S E X P A N S I O N
2009 2010 2011 2012 2013 2014 2015 2016* 2017*
C O N S E C U T I V E
Y E A R S
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
*Pro Forma for sale of DSS
PolyOne Corporation 106
S T R A T E G I C C A S H D E P L O Y M E N T
ORGANIC GROWTH
Investing in R&D and
capacity
11
Maintenance
40%
Strategic Growth
Investments
60%
Capital Expenditures
M&A OPPORTUNITIES
Continued pursuit of strategic bolt
on acquisitions that expand
specialty offerings
2
SHAREHOLDER RETURN
Dividends and share buybacks3
Over $400
million
M&A Spending
Since 2014
$809
million
Share Repurchases
2011-Q1 2018
60%
Increase in annual
dividend over next three
years
2011 2013 2015 2017
“Where we were” “Where we are”
ROIC 5.0% 14.0%
Operating Income % of Sales
Color, Additives & Inks 1.7% 15.5%
Specialty Engineered Materials 1.1% 12.1%
Performance Products &
Solutions 4.3% 10.7%
Distribution 2.6% 6.3%
P R O O F O F P E R F O R M A N C E
E X P A N D I N G M A R G I N S & R O I C
PolyOne Corporation 107
I N V E S T M E N T I N COMMERCIAL RESOURCES D R I V I N G R E S U L T S
PolyOne Corporation 108
Largest organic revenue growth
since recession
$2.9 $2.9
$3.2
2015 2016 2017
Revenue in billions of $
Total + 10%
Organic + 7%
S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H
PolyOne Corporation 109
Double digit
annual EPS
growth
Expand specialty portfolio
with strategic acquisitions
Innovate and develop new
technologies and services
Repurchase 600K-1M
shares annually
Increase commercial
resources 6-8% annually
Double acquired
company margins
Enhance efficiencies
through Lean Six Sigma
and commercial excellence
R O I C D R I V E S S H A R E H O L D E R R E T U R N
PolyOne Corporation 110
R O I C D R I V E S S H A R E H O L D E R R E T U R N
PolyOne Corporation 111
$570
$1,650 $1,750
$2,000
ROIC
Invested Capital
Improving ROIC + Expanding Invested Capital = Outperforming the Market
CONCLUSION
B O B P A T T E R S O N
PolyOne Corporation 112
1
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.
https://www.avient.com/sites/default/files/2021-12/AVNT 2021 Investor Day_0.pdf
We will do so through our investments and focus
on sustainable solutions for high-growth markets, including
healthcare, consumer, packaging and composites.
Avient Corporation 105
Potential Disruptive Markets
Semiconductors Robotics Healthcare Artificial
Intelligence
How do we find / create potential opportunities in these markets?
D
tr
ib
u
tio
Avient Corporation 132
ex
.