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/sites/default/files/2023-07/CORE Medical Manikin Case Study Snapshot.pdf
LEADING MEDICAL
TRAINING COMPANY
M E D I C A L M A N I K I N S
• Ability to color code various body parts for more accurate
teaching and instruction
• Maintain durability and performance through repeated use
in a variety of training scenarios
• Meet customer’s regulatory requirements
• Provided specific colors and hardness for
easier identification of body parts
• Supplied a non-phthalate plastisol
formulation that maintained strength and
flexibility over an extended time
• Offered robust technical support and
regulatory assistance to meet all compliance
directives as required by customer
Core™ Non-Phthalate Plastisols
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
COLOR + PERFORMANCE
LEARN MORE
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2021-09/resound-om-phone-case-case-study-one-pager.pdf
PHONE CASE
MANUFACTURER
P H O N E C A S E
• Formulated TPE with 43% bio-based
content plus favorable UV resistance and
vibration damping performance compared to
standard TPE
• Received radiocarbon (C14) international
certificate for bio-based content
• Provided excellent bonding ability with good
aesthetics
• Matched design specs with an easily
colored material using traditional TPE
colorants
reSoundTM OM TPEs
WHY AVIENT?
AVIENT SOLUTION
SUSTAINABILITY + COLORABILITY
LEARN MORECopyright © 2021, Avient Corporation.
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-versaflex-vacuum-cleaner-wheel.pdf
COLORABILITY + SLIP RESISTANCE
AVIENT SOLUTION
VACUUM CLEANER
MANUFACTURER
V A C U U M C L E A N E R W H E E L
• Excellent slip resistance and wet grip
• Easy processing
• Easy coloring
• Offered an easy processing TPE suitable
for coloring with masterbatch to meet
customer preference
• Provided material solution ideal for
meeting critical tire performance needs for
slip resistance and grip during operation
Versaflex™ D3226N
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2022-02/Pipe and Conduit OEM App Snapshot final.pdf
continuous lifting of 55 lbs. bags) and eliminate transport
of raw material up stairs or on to mezzanine to reduce
potential for injuries during material handling
• Provide a dust-free raw material handling and
manufacturing environment
• Alleviate employee health concerns by providing a cleaner
production floor and lower levels of airborne TiO2 dust
• Maintain an OSHA compliant facility
• Automated a raw material handling solution
that included no lifting, cutting, or tearing of
raw material packaging
• Eliminated fine TiO2 and pigment-related
particles, providing cleaner air in
manufacturing areas
• Provided a safe and sustainable
environment by helping reduce workplace
dust exposure
• Enabled employee redeployment to other
activities, optimizing use of labor
ColorMatrix™ Liquid Colorant
and Dosing Equipment
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/products/polymer-colorants/liquid-color-concentrates
https://www.avient.com/sites/default/files/2021-02/laser-marking-and-percept-case-study.pdf
FOILING
COUNTERFEITERS
WITH SPECIALIZED
COLOR & ADDITIVE
MASTERBATCHES
CASE STUDY: COLOR, ADDITIVES & INKS
Challe
nge Accepted.
THE SOLUTION
The Avient team proposed multiple solutions—including
a laser-marking additive, an authentication additive, and
colorant—bundled into a single Smartbatch™ concentrate.
The concentrate
also included the required color for the manufacturer’s
branding and an additive for UV protection.
https://www.avient.com/sites/default/files/2020-11/controller-grip-case-study.pdf
These grips often
feature surface designs, colors and logos tailored to
specific game platforms or brands.
Avient was able to meet the customer’s
exact requirements for color and duration.
The material was customized with
the special glow-in-the-dark colorant and laser etched
with intricate game logos.
https://www.avient.com/sites/default/files/2023-10/Cesa Laser Additives Laser Welding Product Bulletin.pdf
Solutions are available for the laser welding of
transparent/black, transparent/color, color/color,
and black/black parts.
APPLICATIONS
• Automotive parts
• Electrical and electronic housings
• Large and small appliance components
• Other consumer products, e.g., waterproof
watches, and eyewear frames
• Healthcare products – ISO and USP pre-tested
solutions are sold as Mevopur™ Healthcare
Functional Additives
BENEFITS
• Produces strong, durable, and consistent seams
• Available for polyolefins, TPE, ABS, SAN, PA, PC,
PMMA, and others on request
• Delivered as concentrates or ready-to-use
formulations
• Can be combined with color into a single
product
• Specific regulatory compliance available on
request, e.g., UL 94 recognition, EU and US food
contact
• Product guidance from our experts
PRODUCT BULLETIN
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2023-10/reSound REC Automotive Interior Grades Product Bulletin.pdf
Due to the variation in scrap streams, they are
colored black to deliver lot-to-lot consistency, but
additional color options are also possible.
KEY CHARACTERISTICS
• 35–45% PCR/PIR content
• Meet automotive standards for VOC, FOG,
and odor
• Colored black, additional colors are possible
• Customizable formulations
• Overmoldable to PP
MARKETS & APPLICATIONS
The reSound REC 7310 series provides a more
sustainable TPE choice for automotive interior
components and delivers comparable performance
to their traditional counterparts.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Investor%2520Day%2520Presentation%2520NonGAAP%2520Reconciliation%2520-%2520May%252016%252C%25202012.pdf
Platform operating income mix percentage 2005Y 2008Y 2011Y
Global Specialty Engineered Materials $ 0.4 $ 17.6 $ 45.9
Global Color, Additives and Inks 4.3 28.1 43.4
Specialty Platform $ 4.7 $ 45.7 $ 89.3
Performance Products and Solutions 75.7 31.3 62.4
Distribution 19.5 28.1 56.0
SunBelt Joint Venture 91.9 28.6 5.0
Corporate (51.5) (425.1) 20.3
Operating income (loss) GAAP $ 140.3 $ (291.4) $ 233.0
Less: Corporate operating expense (income) 51.5 425.1 (20.3)
Operating income excluding Corporate $ 191.8 $ 133.7 $ 212.7
Specialty platform operating mix percentage 2% 34% 42%
Pro forma platform operating income mix percentage
2007
Pro forma
2011Y
Specialty Platform $ 30.6 $ 89.3
Pro forma ColorMatrix - 27.7
Specialty Platform pro forma ColorMatrix $ 30.6 $ 117.0
Performance Products and Solutions 65.8 62.4
Distribution 22.1 56.0
SunBelt Joint Venture 34.8 5.0
Corporate (73.3) 20.3
Operating income pro forma ColorMatrix $ 80.0 $ 260.7
Less: Corporate and SunBelt operating income 73.3 (25.3)
Operating income excluding Corporate operating income $ 153.3 $ 235.4
Specialty platform operating mix percentage 20% 50%
Adjusted EPS 2006Y 2007Y 2008Y 2009Y 2010Y 2011Y
Net Income $ 130.9 $ 40.9 $ (417.0) $ 106.7 $ 162.6 $ 172.6
SunBelt and OxyVinyls equity earnings, after tax (68.5) (26.1) (20.8) (19.0) (14.7) (3.7)
Special items, after tax (21.2) 41.4 310.0 (31.0) 15.8 (30.5)
Tax adjustments (30.0) (30.7) 147.2 (44.9) (88.3) (42.3)
Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 75.4 $ 96.1
Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3
Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.79 $ 1.02
Adjusted EPS Q1 2011 Q1 2012
Net Income $ 110.2 $ 20.2
SunBelt equity earnings, after tax (3.7) -
Special items, after tax (79.8) 6.1
Tax adjustments (1.5) 0.1
Adjusted net income $ 25.2 $ 26.4
Diluted shares 96.4 90.7
Adjusted EPS $ 0.26 $ 0.29
Platform sales and operating income (OI) 2005 2006 2007 2008 2009 2010 2011
Global Specialty Engineered Materials Sales $ 282.5 $ 345.3 $ 384.4 $ 514.0 $ 402.9 $ 517.4 $ 575.1
Global Color, Additives and Inks Sales 503.7 531.8 560.5 554.3 459.8 527.4 544.6
Specialty Platform Sales $ 786.2 $ 877.1 $ 944.9 $ 1,068.3 $ 862.7 $ 1,044.8 $ 1,119.7
Performance Products and Solutions Sales 1,136.3 1,166.2 1,086.8 1,001.4 667.7 776.3 865.4
PolyOne Distribution Sales 679.2 732.8 744.3 796.7 625.1 911.9 996.5
Corporate and Eliminations (151.1) (153.7) (133.3) (127.7) (94.8) (111.1) (118.1)
Total Sales $ 2,450.6 $ 2,622.4 $ 2,642.7 $ 2,738.7 $ 2,060.7 $ 2,621.9 $ 2,863.5
Pro forma ColorMatrix Sales 196.0
Total sales pro forma ColorMatrix $ 3,059.5
Global Specialty Engineered Materials OI $ 0.4 $ 3.9 $ 4.9 $ 17.6 $ 20.6 $ 49.7 $ 45.9
Global Color, Additives and Inks OI 4.3 8.9 25.7 28.1 25.2 37.7 43.4
Specialty Platform OI $ 4.7 $ 12.8 $ 30.6 $ 45.7 $ 45.8 $ 87.4 $ 89.3
Performance Products and Solutions OI 75.7 64.2 65.8 31.3 33.1 54.0 62.4
PolyOne Distribution OI 19.5 19.2 22.1 28.1 24.8 42.0 56.0
Sunbelt Joint Venture OI 91.9 102.9 34.8 28.6 25.5 18.9 5.0
Corporate and eliminations (21.8) (4.6) (25.5) (28.9) (40.8) (32.5) (26.4)
Special items (29.7) 39.1 (47.8) (396.2) 48.7 4.8 46.7
Operating income (loss) GAAP $ 140.3 $ 233.6 $ 80.0 $ (291.4) $ 137.1 $ 174.6 $ 233.0
Sunbelt equity income (72.5) (107.0) (40.8) (32.5) (29.7) (23.1) (5.7)
Special items 29.7 (39.1) 47.8 396.2 (48.7) (4.8) (46.7)
Operating income adjusted $ 97.5 $ 87.5 $ 87.0 $ 72.3 $ 58.7 $ 146.7 $ 180.6
Operating income pro forma ColorMatrix 27.7
Operating income adjusted pro forma ColorMatrix
$ 208.3
Global Specialty Engineered Materials - OI as a
percentage of sales 0.1% 1.1% 1.3% 3.4% 5.1%
9.6%
8.0%
Global Color, Additives and Inks - OI as a
percentage of sales 0.9% 1.7% 4.6% 5.1% 5.5%
7.1%
8.0%
Specialty platform OI as a percentage of sales 0.6% 1.5% 3.2% 4.3% 5.3% 8.4% 8.0%
Specialty platform OI as a percentage of sales -
pro forma ColorMatrix
8.9%
Global Color, Additives and Inks OI as a
percentage of sales – pro forma ColorMatrix
9.6%
PP&S operating OI as a percentage of sales 6.7% 5.5% 6.1% 3.1% 5.0% 7.0% 7.2%
Distribution OI as a percentage of sales 2.9% 2.6% 3.0% 3.5% 4.0% 4.6% 5.6%
PolyOne OI adjusted, as a percentage of sales 4.0% 3.3% 3.3% 2.6% 2.8% 5.6% 6.3%
PolyOne OI adjusted, pro forma for ColorMatrix,
as a percent of sales
6.8%
Operating income (OI) Q1 2011 Q1 2012
Global Specialty Engineered Materials OI $ 14.0 $ 11.8
Global Color, Additives and Inks OI 11.2 17.3
Specialty Platform OI $ 25.2 $ 29.1
Performance Products and Solutions OI 14.3 17.8
PolyOne Distribution OI 14.7 16.7
Corporate and eliminations (1.6) (10.2)
Special items 127.2 (8.5)
Operating income (loss) GAAP $ 179.8 $ 44.9
Research and Development (R&D) – Pro forma ColorMatrix 2011
PolyOne R&D $ 36.9
ColorMatrix R&D 3.6
Pro forma R&D $ 40.5
Gross Margin as a percentage of Sales
2006 2011
2011
Pro forma
ColorMatrix
Specialty platform sales $ 877.1 $ 1,119.7 $ 1,315.7
Specialty platform gross margin 125.2 263.4 345.9
Specialty platform gross margin percentage 14.3 % 23.5 % 26.3 %
Average Debt Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Average
PolyOne Debt $ 452.9 $ 432.9 $ 432.9 $ 432.9 $ 707.0 n/a
Pro forma ColorMatrix 274.1 274.1 274.1 274.1 - n/a
Total Debt $ 727.0 $ 707.0 $ 707.0 $ 707.0 $ 707.0 $ 711.0
Average Equity Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Average
PolyOne $ 516.0 $ 615.2 $ 629.6 $ 608.5 $ 588.3 $ 591.5