https://www.avient.com/sites/default/files/resources/September%2520Investor%2520Presentation.pdf
V I S I O N
PolyOne Corporation 4
To be the world’s
premier provider of
specialized polymer
materials, services and
solutions
C O R E
V A L U E S
P E R S O N A L
V A L U E S
Honesty IntegrityRespect
Operational
Excellence
Commercial
Excellence
Specialization
Globalization
Collaboration ExcellenceInnovation
To be the world’s
premier provider of
specialized polymer
materials, services
and solutions
S A F E T Y F I R S T
PolyOne Corporation 5
Injuries per 100 Workers
Spartech
Acquisition
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
0.51
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
PolyOne Corporation 6
P O L Y O N E P O S T P P & S D I V E S T M E N T
2 0 1 8 R E V E N U E | $ 2 . 9 B I L L I O N
Segment End Market Geography
Transportation
17%
Healthcare
16%
Industrial
15%
Packaging
13%
Consumer
13%
Wire & Cable
8%
Building &
Construction
7%
Electrical &
Electronics
6%
Appliance
4%
Color
Additives &
Inks 35%
Distribution
43%
Specialty
Engineered
Materials
22%
United States
53% Europe 19%
Asia
12%
Canada
5%
Latin
America
11%
2009 2010 2011 2012 2013 2014 2015 2016* 2017* 2018
$2.43
P R O O F O F P E R F O R M A N C E
C O N S E C U T I V E
Y E A R S
PolyOne Corporation 7
9
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
*Pro Forma for sale of DSS
2006 2018
ROIC** 5.0% 14.1%
Operating Income
% of Sales
Color, Additives &
Inks 1.7% 15.1%
Specialty Engineered
Materials 1.1% 11.2%
Performance
Products
& Solutions
4.3% 10.0%
Distribution 2.6% 5.6%
**ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period
A D J U S T E D E P S E X P A N S I O N
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 8
P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E
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 5-7% annually
Double acquired
company margins
Enhance efficiencies
through Lean Six Sigma
and commercial excellence
531
710130
164
504
663
2014 2018
R&D / Technical Marketing Sales
PolyOne Corporation 9
Increased commercial headcount
+ 34%
+ 26%
+ 32%
I N V E S T M E N T I N C O M M E R C I A L R E S O U R C E S D R I V I N G G R O W T H
Sustained revenue increases led
by organic business
$2.9 $2.9
$3.2
$3.5
2015 2016 2017 2018
Total
+ 9%
Organic
+ 5%
Revenue in billions of $
Total
+ 10%
Organic
+ 7%
Lead
Specialists
T H E E V O L V I N G C U S T O M E R R E L A T I O N S H I P
PolyOne Corporation 10
Expanded Path
Traditional Path
Strategic Accounts/
Field Sales
Business
Development
Customer
Service
Web and Social
Media
Inside Sales
PolyOne Corporation 11
Investments in digital and dedicated inside sales to
improve customer experience
110% increase in leads (from 6,000 to 12,700) driven
by website, phone, and online chat
E X P A N D E D P A T H
A D D I N G C U S T O M E R T O U C H P O I N T S
4
24
2014 2018
Inside sellers
$11M
$109M
2014 2018
Inside sales/digital revenue
A L I G N I N G W I T H T R E N D S F O R G R O W T H
T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R
PolyOne Corporation 12
Facilitate
alternative
energy
solutions
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
I N N O V A T I O N
PolyOne Corporation 13
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Innovation comes from Research & Development Spend
($ millions)
Vitality Index
% of sales from products launched last 5 years
12%
35%
2006 2018
$20
$56
2006 2018
Transformational
Opportunity for Growth
Through M&A
Adjacent
Opportunity for
Growth Through New
Product Pipeline
Core
Customization
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 14
Incremental
development
from existing
base of
technology
New development
adjacent to current
technology
New technology
development
outside of and with
our current base
Service adjacent
markets and
customers
Create new
markets, target
new customer
needs
Service existing
markets and
customers
Market
Technical
I N N O V A T I O N
Non-Halogen Flame
Retardants
Barrier Technologies
Fiber Colorants
Advanced Composites
Thermoplastic Elastomers
Gordon Composites/
Polystrand – Composites
GLS – Thermoplastic Elastomers
ColorMatrix – Liquid Color & Additives
PlastiComp
Fiber-Line
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 15
PrototypeFrame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
(since 2017)
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
5
8
2
3
3
3
44 0
1
4
5
1
1
3
Breakthrough
Platform
Derivative
Number of Projects 10 5 17 5 10 47
Total Addressable Market
($ millions)
- - $1,767 $315 $766 $2,848
F L A M E
R E T A R D A N T
P O L Y M E R S
A D V A N C E D
C O M P O S I T E S
B A R R I E R
M A T E R I A L S
C O L O R A N T
T E C H N O L O G I E S
T H E R M O P L A S T I C
E L A S T O M E R S
I N N O V A T I O N S P O T L I G H T :
C O M P O S I T E S
PolyOne Corporation 16
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 17
Fiber
Polymer
Composite
Strength
Design Flexibility
Continuous
Fiber
Thermoset
Composites
Short Glass
Fiber
Thermoplastics
Continuous Fiber
Thermoplastic
Composites
Long Glass Fiber
Thermoplastics
S T R A T E G I C I N V E S T M E N T H I S T O R Y
Acquired
Polystrand
Installed LFT
production
Avon Lake
Acquired
Gordon
Composites
Thermoplastic Composites
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
Long Fiber
Thermoplastic
(LFT)
Technology
Installed LFT
production
Barbastro,
Spain
Acquired
Glasforms
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2012 2015 20162009 2011
Acquired
PlastiComp,
specialty LFT
producer
2018
PolyOne Corporation
2019
Acquired
Fiber-Line,
specialty
fiber
processor
18
C O M P O S I T E S I N T R A N S P O R T A T I O N
PolyOne Corporation 19
W A T E R C R A F TR A I L H E A V Y T R U C K
Bulkheads and Transoms
Ceilings and Hatches
Doors and Cabinetry
Flooring
Door Panels
Side Walls
Flooring & Side Panels
Aerodynamic Fairings
Seat and Bunk
Reinforcements
F I B E R - L I N E H I G H L I G H T S
PolyOne Corporation 20
71%
16%
12%
1%
2018PF Sales by Market
Fiber Optics
Industrial
Oil & Gas
Consumer
Estimated 2019 Sales:
$100M
• Abrasion
resistance
• Adhesion
enhancement
• Anti-microbial
• Chemical
resistance
• Color
• Conductivity
• Fire retardant
• Glow-in-the-
dark
• Process
enhancement
• UV inhibitor
• Water
swellable
• Water
repellency
• Entangling
• Extrusion
• Pultrusion
• Twisting
• Winding
• Braiding
• Stranding
High Performance
Fiber and Polymers
Suppliers
Customer
Value
Coating
Technology
Processing
Technology
Fiber-Line
Bare and Coated
Fiber and
Composite Rod
Customers
Fiber Processing
Capabilities
Polymer Formulation
Capabilities
P O L Y O N E A P P L I C A T I O N S I N F I B E R O P T I C C A B L E S
PolyOne Corporation 21
1.
Optical fibers –Two parts of an optical
fiber: core (carries the signal and cladding
(reflects the signal to move it forward).
Filler Yarns/Core Fillers (not visible)
• PET, Polyester, Kevlar yarns coated with Swellcoat
(absorbs and blocks water)
7.
https://www.avient.com/sites/default/files/2021-11/polystrand-product-selection-guide_0.pdf
Unidirectional Tape
3-Ply 0˚/90˚/0˚
6-Ply
X-Ply™ 0˚/90˚
4-Ply 0˚/90˚/90˚/0˚
Honeycomb
Core, X-Ply™ Skins
Uni Tape with Scrim
10-Ply with Film
LAMINATION LAY-UP CONFIGURATIONS
4-Ply 90˚/0˚/0˚/90˚ with Film
1.844.4AVIENT
www.avient.com
Copyright © 2021, Avient Corporation.
https://www.avient.com/sites/default/files/2022-06/Maxxam FR Injection Molding Processing Guide.pdf
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
PROBLEM CAUSE SOLUTION
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 back pressure
• Decrease injection speed
• Use appropriately sized barrel
Brittleness
Degraded/overheated material
• Decrease melt temperature
• Decrease back pressure
• 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
• Decrease nozzle and barrel temperatures
• Decrease mold temperature
• Decrease injection rate
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 melt temperature
• Increase mold temperature
• Increase injection speed
Insufficient packing
• Increase hold pressure and time
• Increase shot size
Flash
Injection pressure
too high
• Decrease injection pressure
• Increase clamp pressure
• Decrease injection rate
• Increase transfer position
Excess material volume
• Adjust transfer position
• Decrease pack pressure
• Decrease shot size
• Decrease injection rate
Melt and/or mold too hot
• Decrease nozzle and barrel temperatures
• Decrease mold temperature
• Decrease screw speed
Loose clamp
• Reset mold height
• Increase clamp tonnage
Troubleshooting Recommendations
PROBLEM CAUSE SOLUTION
Incomplete Fill
Melt and/or mold too cold
• Increase nozzle and barrel temperatures
• Increase mold temperature
• Increase injection rate
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
• Increase shot size
Nozzle Drool Nozzle temperature too hot
• Decrease nozzle temperature
• Decrease back pressure
• Increase screw decompression
Shrink
Too much shrink
• Increase cooling time
• Decrease mold temperature
Too little shrink
• Decrease cooling time
• Increase mold temperature
Sink Marks
Part geometry too thick
• Reduce wall thickness
• Reduce rib thickness
Melt too hot
• Decrease nozzle and barrel temperatures
• Decrease mold temperature
Insufficient material
volume
• Adjust transfer position
• Increase shot size
• Increase injection rate
• Increase packing pressure
Troubleshooting Recommendations (continued)
PROBLEM CAUSE SOLUTION
Sticking in Mold
Overfilled cavity
• Decrease injection rate and pressure
• Decrease hold pressure
• Adjust transfer position
• Decrease nozzle and barrel temperatures
• Decrease mold temperature
• Decrease cooling time
Mold design
• Increase draft angle
• Polish cores in direction of ejection
Part is too hot
• Decrease nozzle and barrel temperatures
• Decrease mold temperature
• Increase cooling time
Warp
Process related
• Increase cooling time
• Increase melt temperature
• Increase pack pressure
• Increase pack time
• Decrease mold temperature
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
• Increase melt temperature
• Increase injection rate
• Increase mold temperature
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/sites/default/files/2022-06/Nymax BIO Bio-based Polyamide Solutions Processing Guide.pdf
Polish cores in direction of ejection
Part is too hot
1.
https://www.avient.com/investor-center/news/polyone-announces-seventh-consecutive-annual-increase-quarterly-dividend
Guided by its Core Values, Sustainability Promise and No Surprises PledgeSM,
https://www.avient.com/company/sustainability/sustainability-report/products/supplier-collaboration-evaluation
Additionally, Avient’s self-assessments, based on ISO 9001/IATF 16949, are requested of suppliers in order to provide insight into the core components of their Quality Management Systems (QMS) and subsequently used as approval criteria for Avient’s most sensitive end applications.
https://www.avient.com/resources/safety-data-sheets?page=6902
CORE(TM) MB3297 BROWN #3 490U
https://www.avient.com/resources/safety-data-sheets?page=6505
CORE(TM) DB5628 CLEAR HI MW RESIN
https://www.avient.com/resources/safety-data-sheets?page=3555
CORE(TM) MB2854 MARINE GREY 60 A LC
https://www.avient.com/resources/safety-data-sheets?page=2106
CORE BLUE