https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
WHAT WE DO: WE ARE A FORMULATOR
6
CUSTOM
FORMULATION
M AY 3 , 2023
W EB CAS T
Keeping Safety First
o Relentless focus on best-in-class safety performance as an
ACC Responsible Care® organization
Exceeding Customer Expectations
o Complementary technologies and customer relationships offer
opportunity for future revenue synergies
o Proven innovation-led commercial strategy with strong brands
and participation across the full value chain
Collaboration in Innovation
o Leveraging Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight and high
performance applications
People – Culture is Everything
o Talented, passionate and collaborative associates drive an
effective integration strategy
o Strong Great Places to Work® scores reflect positive
integration efforts in first year
AVIENT PROTECTIVE MATERIALS INTEGRATION
8
AVIENT PROTECTIVE MATERIALS
K E Y I N D U S T R I E S
PERSONAL PROTECTION
Military • Law Enforcement • First
Responders • Body Armor • Helmets •
Vehicle Protection
50%
MARINE & SUSTAINABLE
INFRASTRUCTURE
Towing / Mooring • Aquaculture •
Floating Wind • Offshore Cranes
30%
CONSUMER
Consumer • Outdoor High Performance •
Safety Equipment
9
Figures reflect approximate proportions of 2022 sales
Q 1 P ER FO RM A N CE
Q1 2023 PERFORMANCE VS.
FX -11%
FX -3%
Total Avient -14%
YoY Comparison against 2022 pro forma results
• Aging infrastructure driving need for greater
technological advancements and upgrades
• Increased focus on strength and capacity
of electrical grid plays into further adoption
of composites into the market
UV, weather-resistance, customized
capabilities
Best-in-class customer responsiveness
Local high-quality manufacturing,
unparalleled breadth of portfolio
Expanding position in insulators, utility
poles, crossarms, and wind energy
Avient Confidential 16
ENERGY
16
• Fiber-optic investments from AT&T, Corning,
Commscope continue to drive industry toward
innovation
• $42B BEAD program in Infrastructure Bill to
increase cable deployments; well-positioned to
capitalize on “Made in America” requirement and
“last mile” buildout
Flame retardance, weather-resistance enables
faster, safer, more reliable connections
Local manufacturing, unparalleled breadth of
portfolio
Expanding position in insulation for wire
jacketing, 5G buildout
TELECOMMUNICATIONS
Source: U.S.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520Sidoti%2520wNonGAAP%2520Rec.pdf
Page 3
Strategy and Execution Drive Results
90%
$22
$24
PolyOne
Stock Price
50%
$18
$20
$22
S&P 500 (relative performance)
30%
$12
$14
$16
S&P 500 (relative performance)
‐10%
10%
$6
$8
$10
50%
‐30%
$0
$2
$4
$
|
‐50%$0
2006 2007 2008 2009 2010 2011 2012 2013
Page 4
Four Pillar Strategy
The World’s Premier Provider of SpecializedThe World s Premier Provider of Specialized
Polymer Materials, Services & Solutions
Page 5
Spartech – Compelling Strategic Rationale
• Spartech expands PolyOne’s specialty portfolio with adjacent
technologies in attractive end markets
Bolt on acquisition with opportunity for global expansion as only Bolt‐on acquisition with opportunity for global expansion, as only
6% of Spartech’s revenues are outside of North America
• PolyOne has a proven management team with a track record of
transformational success
• Preliminary synergy estimated at $65 million run rate by end of
3year 3
Significant opportunity to expand profitability by leveraging
PolyOne’s four pillar strategy
• Substantial potential share price appreciation for all
shareholders
f f ll / $ Accretive to EPS in first full year post‐acquisition / $0.50 once
synergies realized
Page 6
Mix Shift Highlights Specialty Transformation
Old
PolyOne Transformation
100%
2015
Target
80%
In
co
m
e*
65 – 75%40%
60%
f O
pe
ra
tin
g
34% 43% 45%
65 75%
20%
o
f
2%0%
2005 2008 2010 2012 2015
Specialty OI $5M $46M $87M $114M Target
*Operating Income excludes corporate charges and special items
JV's PP&S Distribution Specialty
Page 7
Proof of Performance
2007 2012 2015
“Where we were” “Where we are” “Where we Where we were Where we are expect to be"
1) Operating Income %
Specialty 3.2% 9.1% 12 – 16%
PP&S 6.1% 9.0% 9 – 12%
Distribution 3.0% 6.4% 6 – 7.5%
2) Specialty Platform
sss% of Operating Income 20% 45% 65 – 75%
3) ROIC* ( ft t ) 7% 11% 15%3) ROIC* (after‐tax) 7% 11% 15%
4) Adjusted EPS Growth** N/A 4 yr CAGR = 55% Double Digit
Expansion
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
**4 yr EPS CAGR calculated using 2012 adjusted EPS vs 2008 adjusted EPS
Page 8
Proof of Performance
Spartech Opportunity
Intermediate
PolyOne Spartech Opportunity
2006 2012 Today Goal
“Where we
were”
“Where we
are”
“Where
Spartech is”*
“Where we
can go”were are Spartech is can go
Specialty
Operating
Margin
1.5% 9.1% 2.2% 8.0% – 10.0%
Margin
Page 9
*Pro Forma results include Spartech corporate allocations for FY12 ended November 3, 2012
PolyOne
14%
Latin
America
3% Distribution
2012 Revenues: $4.2 Billion* 2012 Revenues: $4.2 Billion*
United
States
14% 5%
PP&S
20%Specialty
57%
Building & HealthCare
1.02
1.20
$1.20
$1.40
ha
re
End Markets* EPS Growth
Construction
14%
17%
Industrial
9%
0.27 0 21
0.79
$0.40
$0.60
$0.80
$1.00
Ad
ju
st
ed
E
ar
ni
ng
s P
er
S
Electrical &
0.12
0.21 0.13
$0.00
$0.20
2006 2007 2008 2009 2010 2011 2012
Page 10
* Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms
Specialty
U it d
2012 Revenues: $2.4 Billion* Solutions
United
States
59%
9%
Latin
America
Building &
C t ti
HealthCare
o
f S
al
es
12-16%
End Markets* Expanding Profits
Construction
Electrical &
Industrial
15%
1.5%
3.2% 4.3%
5.3%
8.4% 9.1%
O
pe
ra
tin
g
In
co
m
e
Page 11
2006 2007 2008 2009 2010 2011 2012 2015
O
Target* Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms
Designed Structures and Solutions
United States
2012 Revenues: $0.85 Billion* Solutions
84%
Latin America
4% Building & Construction
Sign & Advertising
3%
Recreation & Leisure
Pool & Spa
1%
Distribution &
Thermoform
2% Operating Income % of Sales
2012 Revenue by Industry Segment* Expanding Profits**
Electrical & Electronics
23%Industrial
3%
2.2%
8 ‐ 10%
1%
HealthCare
2012 2015
Target
Page 12
*Pro Forma includes FY2012 results for Spartech (11/03/12 YE)
**Pro Forma results include Spartech corporate allocations for FY12
Positioned for Earnings Growth
2015 Target
Rev: $5B
Adj.
Strong past performance demonstrates that our
strategy and execution are workinggy g
• Megatrends align with our strengths
• Innovation and services provide differentiation
and competitive advantage
• Strong and proven management team driving
growth and performancegrowth and performance
The New PolyOne: A Specialty Growth Company
$2015 Target: $2.50 Adjusted EPS
Page 16
Schedule I
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Below is a reconciliation of non-GAAP financial measures to the most directly comparable measures calculated
and presented in accordance with U.S.
https://www.avient.com/sites/default/files/resources/Novel_Thermoplastic_elastomers_for_overmolding_applications.pdf
Business Manager, Asia Pacific, GLS International
GLS Corporation, 833 Ridgeview Drive, McHenry, IL 60050
Tel: 815-385-8500 Fax: 815-385-8533 email: info@glscorp.com Web: www.glscorp.com
ABSTRACT
Market trends and consumer demands for enhanced ergonomic feel and touch, grippability, aesthetics,
cushioning against impact, vibration isolation and insulation have driven novel developments in thermoplastic
elastomers for overmolding applications.
OM6240 adhesion to Ultramid B3ZG6
1.7
1.91.9
0.0
1.0
2.0
250°C 260°C 270°C
Melt temperature
l,
Injection speed: 64 mm/sec
Figure 10: Versfalex OM 6240 adhesion values to polyamide Ultrmid B3ZG6
OM6240 adhesion to Ultramid B3ZG6
1.7
1.91.9
0.0
1.0
2.0
250°C 260°C 270°C
Melt temperature
l,
Injection speed: 64 mm/sec
Figure 11: Versaflex OM 6258 adhesion values to polyamide Ultrmid B3ZG6
GLS Corporation, 833 Ridgeview Drive, McHenry, IL 60050
https://www.avient.com/sites/default/files/resources/Universal_Polyamide_Overmold_Thermoplastic_Elastomer.pdf
Universal Polyamide Overmold Thermoplastic Elastomer
Krishna Venkataswamy and Jiren Gu
GLS Corporation, 833 Ridgeview Drive, McHenry, IL 60050
ABSTRACT
Overmolding of thermoplastic elastomers (TPEs) for consumer applications has been driven by the escalating
market trends in enhanced ergonomic feel, touch, grippability, aesthetics and cushioning against impact,
vibration isolation and insulation.
Page 11 of 11
GLS Corporation, 833 Ridgeview Drive, McHenry, IL 60050
NYLON MOLDING PROCESS
https://www.avient.com/sites/default/files/2022-11/Smarter Materials High Performance Thermoplastics.pdf
And it’s no secret that they’re on an upward trajectory…
Higher, Stronger,
Tougher
INTRODUCTION
SMARTER MATERIALS
Today’s technology and regulatory trends are driving greater demand for high-
performance thermoplastics across many global industries.
The Driving
Forces
https://3wnews.org/uncategorised/230124/high-performance-thermoplastics-market-statistics-fa
A combination of several important characteristics.
https://www.avient.com/sites/default/files/2021-09/avient2020sustainabilityreport-9-2-21.pdf
Our associates led
virtual community service events, including food drives and
animal shelter donation drives, participated in blood drives
and dropping off meals to local healthcare workers.
16HRS
Annual paid time
off to volunteer
Sustainability Report | 2020 31
Health and Wellness
Health and wellness is a commitment we make to every Avient associate.
It is expected that this process will drive opportunities for sustainable
replacement initiatives.
It is expected that this process will drive opportunities for
sustainable replacement initiatives.
https://www.avient.com/sites/default/files/2022-10/2022 Automotive Industry Overview Brochure.pdf
DRIVING
INNOVATION
AND VALUE
At Avient, we understand what you value and put
our deep knowledge of polymers, formulations,
and polymer processing to work for you.
https://www.avient.com/sites/default/files/2021-12/avient-sarl-hungary-branch-register-extract-2021-12-07.pdf
Gary James Fielding (mother's birth name: Gillian Diane Lloyd Williams)
GB Chesire SK12 2ND, 19 Fletcher Drive, Disley
Person in charge of deliveries: Dr.
https://www.avient.com/sites/default/files/2024-07/avient-human-rights-position-statement-updated-july-2021 %286%29.pdf
Our Supplier Code of Conduct can be
found at:
https://www.avient.com/sites/default/files/2020-10/supplier-code-of-conduct.pdf
Our Supplier Code of Conduct drives interactions with our suppliers and our expectations for doing
business, and generally aligns with International Labor Organization (ILO) standards.
https://www.avient.com/investor-center/news/avient-announces-fourth-quarter-and-full-year-2023-results
We believe there are significant opportunities for us to drive profitable organic revenue growth and innovation, leveraging our culture of strong customer focus and portfolio of differentiated technologies.
Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint