https://www.avient.com/sites/default/files/resources/POL%2520Sidoti%2520IR%2520Presentation%2520w%2520Non%2520GAAP%25203%252018%25202014.pdf
Platform operating income mix percentage 2005Y* 2006* 2008Y* 2010Y* 2013Y
Global Specialty Engineered Materials $ 0.4 $ 3.9 $ 17.6 $ 49.7 $ 57.2
Global Color, Additives and Inks 4.3 8.9 28.1 37.7 104.0
Designed Structures and Solutions - - - - 33.4
Specialty Platform $ 4.7 $ 12.8 $ 45.7 $ 87.4 $ 194.6
Performance Products and Solutions 75.7 64.2 31.3 54.0 56.0
Distribution 19.5 19.2 28.1 42.0 63.3
SunBelt Joint venture 91.9 102.9 28.6 18.9 -
Corporate (51.5) 34.5 (425.1) (27.7) (82.4)
Operating income (loss) GAAP $ 140.3 $ 233.6 $ (291.4) $ 174.6 $ 231.5
Less: Corporate operating expense 51.5 (34.5) 425.1 27.7 82.4
Operating income excluding Corporate $ 191.8 $ 199.1 $ 133.7 $ 202.3 $ 313.9
Specialty platform operating mix percentage 2% 6% 34% 43% 62%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
Reconciliation to Condensed Consolidated Balance Sheets 2013
Short-term debt and current portion of long-term debt $ 12.7
Long-term debt 976.2
Less cash and cash equivalents (365.2)
Net debt $ 623.7
Adjusted EBITDA 2013
Income before income taxes $ 151.0
Interest expense, net 63.5
Depreciation and amortization 108.8
Special items in EBITDA 31.7
Adjusted EBITDA $ 355.0
2
Platform sales and operating income (OI) 2006Y* 2013Y
Global Specialty Engineered Materials sales $ 345.3 $ 615.5
Global Color, Additives and Inks sales 531.8 852.3
Designed Structures and Solutions sales - 597.4
Specialty Platform sales 877.1 2,065.2
Performance Products and Solutions sales 1,166.2 773.2
PolyOne Distribution sales 732.8 1,075.2
Corporate and eliminations (153.7) (142.4)
Total sales $ 2,622.4 $ 3,771.2
Global Specialty Engineered Materials OI $ 3.9 $ 57.2
Global Color, Additives and Inks OI 8.9 104.0
Designed Structures & Solutions OI - 33.4
Specialty Platform OI 12.8 194.6
Performance Products and Solutions OI 64.2 56.0
PolyOne Distribution OI 19.2 63.3
Sunbelt Joint Venture OI 102.9 -
Corporate and eliminations (4.6) (52.4)
Special items in OI 39.1 (30.0)
Operating income GAAP 233.6 231.5
Sunbelt equity income (107.0) -
Special items in OI (39.1) 30.0
Adjusted operating income $ 87.5 $ 261.5
Global Specialty Engineered Materials - OI % of sales 1.1% 9.3%
Global Color, Additives and Inks - OI % of sales 1.7% 12.2%
Designed Structures & Solutions - OI % of sales - 5.6%
Specialty platform OI - % of sales 1.5% 9.4%
PP&S operating OI - % of sales 5.5% 7.2%
Distribution OI - % of sales 2.6% 5.9%
PolyOne OI adjusted - % of sales 3.3% 6.9%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
Appendix
At a Glance�Global Specialty Engineered Materials
At a Glance�Global Color, Additives, and Inks
At a Glance�Designed Structures and Solutions
At a Glance�Performance Products and Solutions
At a Glance�Distribution
Plastics: Key to Future Sustainable Development
Establish Lean Six Sigma As Way of Life
Application Examples
Slide Number 24
2012 Range Rover Evoque Interior
Slide Number 26
Slide Number 27
Metal Replacement Solutions
High-Barrier Packaging Containers
Aerospace Applications
Sidoti Reconciliation of Non-GAAP.pdf
Section 1
https://www.avient.com/sites/default/files/resources/POL%2520CFA%2520IR%2520Presentation%2520w%2520non%2520GAAP%252011%252019%25202013.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
The final amount of charges resulting from the planned North American asset realignment and the Company’s ability to realize anticipated savings and
operational benefits from the asset realignment;
Our ability to achieve the strategic and other objectives relating to the acquisition of Spartech Corporation, including any expected synergies;
Our ability to successfully integrate Spartech and achieve the expected results of the acquisition, including, without limitation, the acquisition being
accretive;
Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and
cost of credit in the future;
The financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate
liquidity) to maintain their credit availability;
The speed and extent of an economic recovery, including the recovery of the housing market;
Our ability to achieve new business gains;
The effect on foreign operations of currency fluctuations, tariffs, and other political, economic and regulatory risks;
Changes in polymer consumption growth rates in the markets where we conduct business;
Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online;
Fluctuations in raw material prices, quality and supply and in energy prices and supply;
Production outages or material costs associated with scheduled or unscheduled maintenance programs;
Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
An inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital
reductions, cost reductions, employee productivity goals, and an inability to raise or sustain prices for products or services;
An inability to raise or sustain prices for products or services;
An inability to maintain appropriate relations with unions and employees;
The inability to achieve expected results from our acquisition activities;
Our ability to continue to pay cash dividends;
The amount and timing of repurchases of our common shares, if any; and
Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and
changes in the rate of inflation
Platform operating income mix percentage 2005Y* 2008Y* 2010Y* YTD 2013
Global Specialty Engineered Materials $ 0.4 $ 17.6 $ 49.7 $ 48.2
Global Color, Additives and Inks 4.3 28.1 37.7 83.4
Designed Structures and Solutions - - - 21.4
Specialty Platform $ 4.7 $ 45.7 $ 87.4 $ 153.0
Performance Products and Solutions 75.7 31.3 54.0 41.8
Distribution 19.5 28.1 42.0 49.7
SunBelt Joint venture 91.9 28.6 18.9 -
Corporate (51.5) (425.1) (27.7) (61.7)
Operating income (loss) GAAP $ 140.3 $ (291.4) $ 174.6 $ 182.8
Less: Corporate operating expense 51.5 425.1 27.7 61.7
Operating income excluding Corporate $ 191.8 $ 133.7 $ 202.3 $ 244.5
Specialty platform operating mix percentage 2% 34% 43% 63%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
Three Months Ended
‘’’’’September 30,
Platform operating income “””””””2013 2012 (a)
Global Specialty Engineered Materials $ 15.7 $ 13.1
Global Color, Additives and Inks 28.7 18.6
Designed Structures and Solutions 10.9 –
Specialty Platform 55.3 31.7
Performance Products and Solutions 14.3 12.3
PolyOne Distribution 16.6 16.4
Corporate and eliminations (24.6) (16.9)
Operating income $ 61.6 $ 43.5
(a) Adjusted to reflect the resins business as a discontinued operation.
https://www.avient.com/sites/default/files/resources/Credit%2520Suisse%2520June%252026%25202013.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
The time required to consummate the divestiture of our resin assets and the satisfaction or waiver of conditions in the sale agreement;
Any material adverse changes in the business supporting the resin assets being sold;
The ability to obtain required regulatory or other third-party approvals and consents and otherwise consummate the proposed divestiture
Our ability to achieve the strategic and other objectives relating to the acquisition of Spartech Corporation, including any expected synergies; our
ability to successfully integrate Spartech and achieve the expected results of the acquisition, including, without limitation, the acquisition being
accretive;
Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and
cost of credit in the future;
The financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate
liquidity) to maintain their credit availability;
The speed and extent of an economic recovery, including the recovery of the housing market;
Our ability to achieve new business gains;
The amount and timing of repurchases, if any, of PolyOne common shares and our ability to pay regular quarterly cash dividends and the amounts and
timing of any future dividends;
The effect on foreign operations of currency fluctuations, tariffs, and other political, economic and regulatory risks;
Changes in polymer consumption growth rates in the markets where we conduct business;
Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online;
Fluctuations in raw material prices, quality and supply and in energy prices and supply;
Production outages or material costs associated with scheduled or unscheduled maintenance programs;
Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
An inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital
reductions, cost reductions, employee productivity goals, and an inability to raise or sustain prices for products or services;
An inability to maintain appropriate relations with unions and employees; and
Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and
changes in the rate of inflation
Platform operating income mix percentage 2005Y* 2006Y* 2007Y* 2008Y* 2009Y* 2010Y* 2011Y*
Global Specialty Engineered Materials $ 0.4 $ 3.9 $ 4.9 $ 17.6 $ 20.6 $ 49.7 $ 45.9
Global Color, Additives and Inks 4.3 8.9 25.7 28.1 25.2 37.7 43.4
Specialty Platform $ 4.7 $ 12.8 $ 30.6 $ 45.7 $ 45.8 $ 87.4 $ 89.3
Performance Products and Solutions 75.7 64.2 65.8 31.3 33.1 54.0 62.4
Distribution 19.5 19.2 22.1 28.1 24.8 42.0 56.0
SunBelt Joint Venture 91.9 102.9 34.8 28.6 25.5 18.9 5.0
Corporate (51.5) 34.5 (73.3) (425.1) 7.9 (27.7) 20.3
Operating income (loss) GAAP $ 140.3 $ 233.6 $ 80.0 $ (291.4) $ 137.1 $ 174.6 $ 233.0
Less: Corporate operating expense (income) 51.5 (34.5) 73.3 425.1 (7.9) 27.7 (20.3)
Operating income excluding Corporate $ 191.8 $ 199.1 $ 153.3 $ 133.7 $ 129.2 $ 202.3 $ 212.7
Specialty platform operating mix percentage 2% 6% 20% 34% 35% 43% 42%
Platform operating income mix percentage 2012Y* 2012PF**
Global Specialty Engineered Materials $ 47.0 $ 47.7
Global Color, Additives and Inks 66.8 81.6
Designed Structures & Solutions -- 20.9
Specialty Platform $ 113.8 $ 150.2
Performance Products and Solutions 74.9 37.4
Distribution 66.0 66.0
Corporate (87.6) ( 87.9)
)Operating income GAAP $ 167.1 $ 165.7
Less: Corporate operating expense 87.6 87.9
Operating income excluding Corporate $ 254.7 $ 253.6
45% 60%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes the Resin business assets.
Specialty platform operating mix percentage
Platform sales and operating income (OI) 2006Y* 2007Y* 2008Y* 2009Y* 2010Y* 2011Y*
Global Specialty Engineered Materials
Sales $ 345.3 $ 384.4 $ 514.0 $ 402.9 $ 517.4 $ 575.1
Global Color, Additives and Inks Sales 531.8 560.5 554.3 459.8 527.4 544.6
Specialty Platform Sales $ 877.1 $ 944.9 $ 1,068.3 $ 862.7 $ 1,044.8 $ 1,119.7
Performance Products and Solutions Sales 1,166.2 1,086.8 1,001.4 667.7 776.3 865.4
PolyOne Distribution Sales 732.8 744.3 796.7 625.1 911.9 996.5
Corporate and Eliminations (153.7) (133.3) (127.7) (94.8) (111.1) (118.1)
Total Sales $ 2,622.4 $ 2,642.7 $ 2,738.7 $ 2,060.7 $ 2,621.9 $ 2,863.5
Global Specialty Engineered Materials OI $ 3.9 $ 4.9 $ 17.6 $ 20.6 $ 49.7 $ 45.9
Global Color, Additives and Inks OI 8.9 25.7 28.1 25.2 37.7 43.4
Specialty Platform OI $ 12.8 $ 30.6 $ 45.7 $ 45.8 $ 87.4 $ 89.3
Performance Products and Solutions OI 64.2 65.8 31.3 33.1 54.0 62.4
PolyOne Distribution OI 19.2 22.1 28.1 24.8 42.0 56.0
Sunbelt Joint Venture OI 102.9 34.8 28.6 25.5 18.9 5.0
Corporate and eliminations (4.6) (25.5) (28.9) (40.8) (32.5) (26.4)
Special items in OI 39.1 (47.8) (396.2) 48.7 4.8 46.7
Operating income (loss) GAAP $ 233.6 $ 80.0 $ (291.4) $ 137.1 $ 174.6 $ 233.0
Sunbelt equity income (107.0) (40.8) (32.5) (29.7) (23.1) (5.7)
Special items in OI (39.1) 47.8 396.2 (48.7) (4.8) (46.7)
Operating income adjusted $ 87.5 $ 87.0 $ 72.3 $ 58.7 $ 146.7 $ 180.6
Global Specialty Engineered Materials - OI
% of sales
1.1%
1.3%
3.4%
5.1%
9.6%
8.0%
Global Color, Additives and Inks - OI
% of sales 1.7% 4.6% 5.1% 5.5%
7.1%
8.0%
Specialty platform OI - % of sales 1.5% 3.2% 4.3% 5.3% 8.4% 8.0%
PP&S operating OI - % of sales 5.5% 6.1% 3.1% 5.0% 7.0% 7.2%
Distribution OI - % of sales 2.6% 3.0% 3.5% 4.0% 4.6% 5.6%
PolyOne OI adjusted - % of sales 3.3% 3.3% 2.6% 2.8% 5.6% 6.3%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes the Resin business assets.
https://www.avient.com/sites/default/files/2021-03/decking-case-study-1-pager.pdf
STRUCTURAL
DECKING
R E I N F O R C E D H D P E L U M B E R
• Reinforcement to improve strength of HDPE decking
• Composite tape compatible with HDPE for strong
adhesion
• Low thermal expansion
• Domestic (U.S.) supply and manufacturing
• Added strength to HDPE deck boards to
enable industry-leading load capacity and
joist spacing spans
• Extended product life with superior adhesion
of PE tape via co-extrusion
• Improved supply reliability with product
manufactured in Englewood, CO
Polystrand™ unidirectional thermoplastic
composite tape
KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock/polystrand-continuous-fiber-tapes-laminates
https://www.avient.com/sites/default/files/2021-01/case-study-one-pager-lubrione-vacuum-cleaner-gear.pdf
VAC U U M C L E A N E R
M A N U FAC T U R E R
G E A R O F V A C U U M C L E A N E R
• Excellent wear resistance
• Durability
• Cost effective
• Our product provides excellent wear
resistance to improve durability and
product life cycle
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/lubrione-internally
https://www.avient.com/sites/default/files/2024-04/Case Study One Pager Nymax - Roof Rack - English _2_.pdf
MAJOR
AUTOMOTIVE OEM
R O O F R A C K
• Impact resistance
• UV stability over time
• Color match to specific black color
• Developed a supply chain agreement to
ensure reliable supply and mitigate risk
• Provided just-in-time delivery to help the
customer keep working capital low and
maximize warehouse space
• Provided a product that supports sustainability
to potentially enhance the marketplace appeal
of the customer’s end product
Nymax™ REC Recycled Nylon Formulation
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/nymax-post-industrial-recycled
https://www.avient.com/sites/default/files/2022-10/Patient Mobility Mini Case Study.pdf
PERSONAL CARE
DEVICES
P A T I E N T M O B I L I T Y
• Diminish the growth of harmful microbes on surfaces
without compromising product performance
• Achieve cohesive color across different polymeric
materials with the addition of antimicrobial ingredients
• Accelerate product development timeline
• Preserved polymer performance by
minimizing undesirable microbes
• Designed a masterbatch solution that
achieved color harmony between diverse
polymeric materials even with the addition of
antimicrobial ingredients
• Accelerated speed to market by several
weeks with Avient’s pre-tested material and
supplier expertise while reducing costs of lab
testing fees by up to $50,000
Cesa™ WithStand™ Antimicrobial Additives
with OnColor™ Colorants
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/withstand-antimicrobial-additives
https://www.avient.com/sites/default/files/2023-08/Hydrocerol Chemical Foaming Agents - PP Door Panel - Application Snapshot 2.pdf
AUTOMOTIVE OEM
P P D O O R P A N E L
• Reduce weight while maintaining exact mechanical
properties
• Provide a more sustainable solution
• Reduce CO2 emissions in material production and in the
use phase
• Offered formulation expertise and a broad
portfolio of solutions
• Provided technical support to help with
product selection and processing
parameters
• Achieved good surface finish
• Enabled a 20% weight reduction
Hydrocerol™ Chemical Foaming Agents
KEY REQUIREMENTS
WHY AVIENT?
All Rights Reserved
https://www.avient.com/products/polymer-additives/foaming-agents/hydrocerol-solid-chemical-foaming-and-nucleating-agents
Automotive oem
https://www.avient.com/sites/default/files/2020-08/dynaflex-g-chair-lumbar-support.pdf
Dynaflex G - Chair Lumbar Support
LEADING SEATING
MANUFACTURER
C H A I R L U M B A R S U P P O R T
• Superior tensile strength to minimize stretching
• Good aesthetics including look, feel and color consistency
• Ability to meet aggressive customer timeline
• Engaged technical service teams early to
review material and application
requirements, expediting lead time
• Conducted in-person technical support and
coaching during mold trials and production
in Tijuana, Mexico
• Enabled customer to achieve consistent
product appearance by determining the
ideal let down ratios for the existing color
concentrate
Dynaflex™ G
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/thermoplastic-elastomers/dynaflex-thermoplastic-elastomers
https://www.avient.com/sites/default/files/2022-10/PREPERM Health Technology Application Bulletin.pdf
Avient makes no warranties or
guarantees respecting suitability of either Avient’s products or the information for your process or end-use application.
You have the responsibility to conduct full-scale end-product performance testing
to determine suitability in your application, and you assume all risk and liability arising from your use of the information and/or use or handling of any product.
AVIENT MAKES NO WARRANTIES, EXPRESS
OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, either with respect to the information or products reflected by the
information.