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PolyOne Corporation Investor Day 2012 PolyOne Investor Presentation Credit Suisse Boston Basic Materials Conference 2013年6月26日 • In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Average Debt Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Average PolyOne Debt $ 706.4 $ 705.8 $ 705.2 $ 706.9 $ 1055.5 $ 776.0 Average Equity Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Average PolyOne shareholders’ equity $ 611.3 $ 604.3 $ 629.3 $ 629.1 $ 871.8 $ 669.2 Platform sales and operating income (OI) 2012Y* 2012PF** Q1 2013 Global Specialty Engineered Materials Sales $ 543.6 $ 773.0 $ 159.8 Global Color, Additives and Inks Sales 703.5 828.5 205.3 Designed Structures & Solutions -- 850.6 41.5 Specialty Platform Sales $ 1,247.1 2,452.1 406.6 Performance Products and Solutions Sales 837.0 696.1 159.7 PolyOne Distribution Sales 1,030.3 1,030.3 268.0 Corporate and Eliminations (121.8) (121.6) (33.2) Total Sales $ 2,992.6 $ 4,056.9 $ 801.1 Global Specialty Engineered Materials OI $ 47.0 $ 47.7 $ 16.2 Global Color, Additives and Inks OI 66.8 81.6 24.1 Designed Structures & Solutions -- 20.9 1.9 Specialty Platform OI $ 113.8 $ 150.2 $ 42.2 Performance Products and Solutions OI 74.9 37.4 13.0 PolyOne Distribution OI 66.0 66.0 16.2 Corporate and eliminations (33.7) (40.0) (14.3) Special items in OI (53.9) (53.9) (16.6) Operating income - GAAP $ 167.1 $ 159.7 $ 40.5 Special items in OI 53.9 53.9 16.6 Operating income adjusted $ 221.0 $ 213.6 $ 57.1 Global Specialty Engineered Materials - OI % of sales 8.6% 6.1% 10.1% Global Color, Additives and Inks - OI % of sales 9.5% 9.8% 11.7% Designed Structures & Solutions -- 2.5% 4.6% Specialty platform OI % of sales 9.1% 6.1% 10.4% PP&S operating OI % of sales 9.0% 5.4% 8.1% Distribution OI % of sales 6.4% 6.4% 6.0% PolyOne OI adjusted, % of sales 7.4% 5.3% 7.1% PolyOne Investor Presentation�Credit Suisse Boston Basic Materials Conference ��2013年6月26日� Forward – Looking Statements Use of Non GAAP Measures Strategy and Execution Drive Results – Since 2006: Four Pillar Strategy 2013 Portfolio Transformation Highlights PolyOne�At A Glance Mix Shift Highlights Specialty Transformation Proof of Performance & 2015 Goals Innovation Drives Earnings Growth We are Experts in Polymer Science and Formulation Positioned for Strong Growth First Quarter Financial Highlights Debt Maturities & Liquidity Summary – 3/31/13 Use of Cash Why Invest In PolyOne?
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PolyOne Corporation Investor Day 2012 PolyOne Investor Presentation Deutsche Bank 2013 Global Industrials and Basic Materials Conference 2013年6月12日 • In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Average Debt Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Average PolyOne Debt $ 706.4 $ 705.8 $ 705.2 $ 706.9 $ 1055.5 $ 776.0 Average Equity Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Average PolyOne shareholders’ equity $ 611.3 $ 604.3 $ 629.3 $ 629.1 $ 871.8 $ 669.2 Platform sales and operating income (OI) 2012Y* 2012PF** Q1 2013 Global Specialty Engineered Materials Sales $ 543.6 $ 773.0 $ 159.8 Global Color, Additives and Inks Sales 703.5 828.5 205.3 Designed Structures & Solutions -- 850.6 41.5 Specialty Platform Sales $ 1,247.1 2,452.1 406.6 Performance Products and Solutions Sales 837.0 696.1 159.7 PolyOne Distribution Sales 1,030.3 1,030.3 268.0 Corporate and Eliminations (121.8) (121.6) (33.2) Total Sales $ 2,992.6 $ 4,056.9 $ 801.1 Global Specialty Engineered Materials OI $ 47.0 $ 47.7 $ 16.2 Global Color, Additives and Inks OI 66.8 81.6 24.1 Designed Structures & Solutions -- 20.9 1.9 Specialty Platform OI $ 113.8 $ 150.2 $ 42.2 Performance Products and Solutions OI 74.9 37.4 13.0 PolyOne Distribution OI 66.0 66.0 16.2 Corporate and eliminations (33.7) (40.0) (14.3) Special items in OI (53.9) (53.9) (16.6) Operating income - GAAP $ 167.1 $ 159.7 $ 40.5 Special items in OI 53.9 53.9 16.6 Operating income adjusted $ 221.0 $ 213.6 $ 57.1 Global Specialty Engineered Materials - OI % of sales 8.6% 6.1% 10.1% Global Color, Additives and Inks - OI % of sales 9.5% 9.8% 11.7% Designed Structures & Solutions -- 2.5% 4.6% Specialty platform OI % of sales 9.1% 6.1% 10.4% PP&S operating OI % of sales 9.0% 5.4% 8.1% Distribution OI % of sales 6.4% 6.4% 6.0% PolyOne OI adjusted, % of sales 7.4% 5.3% 7.1% PolyOne Investor Presentation�Deutsche Bank 2013 Global Industrials and Basic Materials Conference ��2013年6月12日� Forward – Looking Statements Use of Non GAAP Measures Strategy and Execution Drive Results Four Pillar Strategy 2013 Portfolio Transformation Highlights PolyOne�At A Glance Mix Shift Highlights Specialty Transformation Proof of Performance & 2015 Goals Innovation Drives Earnings Growth Positioned for Strong Growth First Quarter Financial Highlights Debt Maturities & Liquidity Summary – 3/31/13 Use of Cash Why Invest In PolyOne?
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They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. 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 Average Debt Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Average PolyOne Debt $ 705.8 $ 705.2 $ 706.9 $ 1,055.5 $ 1,031.2 $ 840.9 Average Equity Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Average PolyOne shareholders’ equity $ 604.3 $ 629.3 $ 629.1 $ 871.8 $ 993.9 $ 745.7 Platform sales and operating income (OI) H1 2012*** H1 2013*** H1 2013**** Global Specialty Engineered Materials Sales $ 280.9 $ 352.0 $ 285.1 Global Color, Additives and Inks Sales 413.9 434.7 409.2 Designed Structures & Solutions Sales - 240.4 - Specialty Platform Sales $ 694.8 $ 1,027.1 $694.3 Performance Products and Solutions Sales 336.0 336.7 317.5 PolyOne Distribution Sales 533.6 543.1 543.1 Corporate and Eliminations (62.3) (68.2) (68.2) Total Sales $ 1,502.1 $ 1,838.7 $ 1,486.7 Global Specialty Engineered Materials OI $ 24.6 $ 32.5 $ 31.2 Global Color, Additives and Inks OI 44.0 54.7 52.0 Designed Structures & Solutions OI - 10.5 - Specialty Platform OI $ 68.6 $ 97.7 $ 83.2 Performance Products and Solutions OI 19.3 27.5 25.7 PolyOne Distribution OI 33.4 33.1 33.1 Corporate and eliminations (20.3) (25.7) (20.3) Special items in OI (20.3) (11.4) (20.3) Operating income - GAAP $ 80.7 $ 121.2 $ 101.4 Special items in OI 20.3 11.4 20.3 Operating income adjusted $ 101.0 $ 132.6 $ 121.7 Global Specialty Engineered Materials - OI % of sales 8.8% 9.2% 10.9% Global Color, Additives and Inks - OI % of sales 10.6% 12.6% 12.7% Designed Structures & Solutions - OI % of sales - 4.4% - Specialty platform - OI % of sales 9.9% 9.5% 12.0% PP&S operating - OI % of sales 5.7% 8.2% 8.1% Distribution OI - % of sales 6.3% 6.1% 6.1% PolyOne OI adjusted - % of sales 6.7% 7.2% 8.2% Reconciliation to Condensed Consolidated Balance Sheets H1 2013 Short-term debt and current portion of long-term debt $ 8.7 Long-term debt 1,022.5 Less cash and cash equivalents (392.4) Specialty Platform Gross Margin Percentage 2006Y* Q2 2013**** Global Specialty Engineered Materials Sales $ 345.3 $ 143.5 Global Color, Additives and Inks Sales 531.8 207.5 Specialty Platform Sales $ 877.1 $ 351.0 Global Specialty Engineered Materials Gross Margin $ 41.6 $ 37.3 Global Color, Additives and Inks Gross Margin 83.6 71.8 Specialty Platform Gross Margin $ 125.2 $ 109.1 Specialty Platform Gross Margin Percentage 14.3% 31.1% * Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
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They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. 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 Average Debt Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Average PolyOne Debt $ 705.8 $ 705.2 $ 706.9 $ 1,055.5 $ 1,031.2 $ 840.9 Average Equity Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Average PolyOne shareholders’ equity $ 604.3 $ 629.3 $ 629.1 $ 871.8 $ 993.9 $ 745.7 Platform sales and operating income (OI) H1 2012*** H1 2013*** Global Specialty Engineered Materials Sales $ 280.9 $ 352.0 Global Color, Additives and Inks Sales 413.9 434.7 Designed Structures & Solutions Sales - 240.4 Specialty Platform Sales 694.8 1,027.1 Performance Products and Solutions Sales 336.0 336.7 PolyOne Distribution Sales 533.6 543.1 Corporate and Eliminations (62.3) (68.2) Total Sales $ 1,502.1 $ 1,838.7 Global Specialty Engineered Materials OI $ 24.6 $ 32.5 Global Color, Additives and Inks OI 44.0 54.7 Designed Structures & Solutions OI - 10.5 Specialty Platform OI $ 68.6 $ 97.7 Performance Products and Solutions OI 19.3 27.5 PolyOne Distribution OI 33.4 33.1 Corporate and eliminations (20.3) (25.7) Special items in OI (20.3) (11.4) Operating income - GAAP $ 80.7 $ 121.2 Special items in OI 20.3 11.4 Operating income adjusted $ 101.0 $ 132.6 Global Specialty Engineered Materials - OI % of sales 8.8% 9.2% Global Color, Additives and Inks - OI % of sales 10.6% 12.6% Designed Structures & Solutions – OI % of sales - 4.4% Specialty platform OI % of sales 9.9% 9.5% PP&S operating OI % of sales 5.7% 8.2% Distribution OI % of sales 6.3% 6.1% PolyOne OI adjusted, % of sales 6.7% 7.2% Reconciliation to Condensed Consolidated Balance Sheets H1 2013 Short-term debt and current portion of long-term debt $ 8.7 Long-term debt 1,022.5 Less cash and cash equivalents (392.4) Specialty Platform Gross Margin Percentage 2006Y* Q2 2013**** Global Specialty Engineered Materials Sales $ 345.3 $ 143.5 Global Color, Additives and Inks Sales 531.8 207.5 Specialty Platform Sales $ 877.1 $ 351.0 Global Specialty Engineered Materials Gross Margin $ 41.6 37.3 Global Color, Additives and Inks Gross Margin 83.6 71.8 Specialty Platform Gross Margin $ 125.2 $ 109.1 Specialty Platform Gross Margin Percentage 14.3% 31.1% * Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
https://www.avient.com/sites/default/files/resources/PolyOne%2520India%2520Terms%2520and%2520Conditions%2520of%2520Sale%2520of%2520Products.May%25202016.pdf
Seller has no liability for the failure of discharge or unloading equipment or materials used by Buyer, whether or not supplied by Seller. In the event of a force majeure, Seller has no obligation to purchase material for resale to Buyer, and no liability for cost to cover incurred by Buyer. 10. Buyer acknowledges that Seller has furnished to Buyer Material Safety Data sheets, which include warnings together with safety and health information concerning the Product and/or the containers for such Product.
https://www.avient.com/sites/default/files/resources/Resilience%2520LS%2520Diffuse%2520Comparison%2520Guide_No%2520CP.pdf
COMPARISON GUIDE Frost LED Vinyl Lens Materials vs. Processing conditions can cause material properties to shift from the values stated in the information. Find out more about the full line of Resilience LS family of rigid vinyl polymers for clear and diffuse lens materials.
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Buyer shall not place material obtained from a manufacturer other than PolyOne into containers labeled for PolyOne-sourced Product, nor shall Buyer sell or represent as Product any materials made by a manufacturer other than PolyOne. 8.
https://www.avient.com/sites/default/files/resources/Novel_Thermoplastic_elastomers_for_overmolding_applications.pdf
GLS271-051 is a novelty TPE material that overcomes such an inherent difficulty. Furthermore, the material has outstanding adhesion to Ultramid B3G6 (glass reinforced polyamide 6) as demonstrated in Figure 10 and 11. Summary: In order to effectively address a range of market needs and applications involving varied rigid substrates novel TPE materials have been developed at GLS.
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They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. 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 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/Novel_Thermoplastic_Elastomers_with_Universal_Bonding_Characteristics.pdf
RESULTS AND DISCUSSION TPE-1 TPE-1 materials have a shore A hardness at 40-45 Shore A. TPE-2 TPE-2 materials are opaque and their base chemistries are different from TPE-1. The bonding characteristics of TPE-2 materials to all the substrates were adhesive in nature.