https://www.avient.com/resources/safety-data-sheets?page=2538
METHODS LIGHT BLUE MAXXAM C50 H-AS WHITE 70 BR095.6 CMPD (BLUE)
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PA6 G50 H natural. XMAXXAM FR H6 GF/30 XF V0 NATURAL 70 Geon(TM) MB2992 Blue
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PP NAVY BLUE 19-3832 BLUE 287C RCH04 XBERGAMID B70 G/MI40 H NATURAL 70
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Morgan%2520Stanley%2520Conference.pdf
U S E O F N O N - G A A P M E A S U R E S PolyOne Corporation 3 • This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures. 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 1.3 1.1 1.1 0.85 0.65 0.57 0.54 0.97 0.84 0.74 0.74 0.69 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Injuries per 100 Workers Spartech Acquisition PolyOne Corporation 6 P O L Y O N E 2 0 1 7 R E V E N U E | $ 3 . 2 B I L L I O N Transportation 18% Industrial 16% Consumer 12% Packaging 11% Healthcare 11% Wire & Cable 9% Appliance 5% United States 59% Europe 14% Asia 10% Latin America 9% Canada 8% PolyOne Distribution 34% Performance Products & Solutions 21% Specialty Engineered Materials 19% Color Additives & Inks 26% Segment End Market Geography Building & Construction 12% Electrical & Electronics 6% 2009 2010 2011 2012 2013 2014 2015 2016* 2017* 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 8 $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 2017 “Where we were” “Where we are” ROIC** 5.0% 14.0% Operating Income % of Sales Color, Additives & Inks 1.7% 15.5% Specialty Engineered Materials 1.1% 12.1% Performance Products & Solutions 4.3% 10.7% Distribution 2.6% 6.3% **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 6-8% annually Double acquired company margins Enhance efficiencies through Lean Six Sigma and commercial excellence 531 680130 153 504 618 2014 Q1 2018 R&D / Technical Marketing Sales PolyOne Corporation 9 Increased commercial headcount + 28% + 18% + 23% Generating opportunities 35% more sales calls 25% more marketing campaigns 1,000 new customers, expanding customer base by 5% $1.0B increase in new opportunities Enhancing efficiency 8% reduction of average territory size, enabling greater customer focus 20% more prospecting calls 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 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 80% increase in leads (from 6,000 to 11,000) 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 21 2014 2017 Inside sellers $11M $88M 2014 2017 Inside sales/digital revenue N E W R E S O U R C E S F U E L I N G T H E F U T U R E PolyOne Corporation 12 P O L Y O N E S A L E S F U N N E L +34% 2014 $3.0 billion 2017 $4.0 billion A L I G N I N G W I T H T R E N D S F O R G R O W T H T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R PolyOne Corporation 13 Facilitate alternative energy solutions Light- weighting Reduce packaging materials Improve recyclability Reduce spread of infection I N N O V A T I O N PolyOne Corporation 14 Customization 55% M&A 30% Innovation Pipeline 15% Innovation comes from Research & Development Spend ($ millions) Vitality Index % of sales from products launched last 5 years 12% 38% 2006 2017 $20 $52 2006 2017 Transformational Opportunity for Growth Through M&A Adjacent Opportunity for Growth Through New Product Pipeline Core Customization 3 H O R I Z O N S O F D E V E L O P M E N T PolyOne Corporation 15 Incremental development from existing base of technology New development adjacent to current technology New technology development outside of and with our current base Service adjacent markets and customers Create new markets, target new customer needs Service existing markets and customers Market Technical I N N O V A T I O N Non-Halogen Flame Retardants Barrier Technologies Fiber Colorants Advanced Composites Thermoplastic Elastomers Gordon Composites/ Polystrand – Composites GLS – Thermoplastic Elastomers ColorMatrix – Liquid Color & Additives I N N O V A T I O N P I P E L I N E PolyOne Corporation 16 PrototypeFrame Opportunity Scale-up & Test Market Build Business Case Commercial Launch (since 2015) Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 8 5 6 2 1 15 4 10 5 11 4 5 7 Breakthrough Platform Derivative Number of Projects 26 16 20 15 2 79 Total Addressable Market ($ millions) - - $1,230 $1,170 $440 $2,840 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 17 C O M P O S I T E S R E F R E S H E R PolyOne Corporation 18 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 PolyOne Corporation 19 Acquired Polystrand Installed LFT production Avon Lake Long Fiber Thermoplastic (LFT) Technology Installed LFT production Barbastro, Spain Acquired Glasforms Acquired Gordon Composites Thermoplastic Composites Long Fiber Reinforced Thermoplastics Continuous Fiber Thermosets 2010 2012 2015 2016 20162009 20122011 2014 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 20 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 PolyOne Corporation 21 Safety Technology Geography Service FinancialPeople Low EH&S risk profile New and complementary technologies Leverage our global footprint Strong customer relationships Foundational operating margins of 8-10% with ability to double Motivated team with a specialty culture I N V E S T - T O - G R O W M & A S T R A T E G Y PolyOne Corporation 22 Capture sourcing synergies Cross-sell & blend technology 8-10% operating margins I N V E S T - T O - G R O W M & A P L A Y B O O K Protect customers Retain employees Implement LSS to drive efficiency improvements Innovate with combined portfolio Safety First! Leverage PolyOne’s global reach Phase 1 Phase 2 Phase 3 18-20% operating margins Invest in commercial resources I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E PolyOne Corporation 23 Commercial Resources Operating Income ($ in millions) Operating Margins 243 335 At Acquisition Today $36 $90 At Acquisition Today 11% 20% At Acquisition Today Established Acquisitions (> 7 years) + 40% + 150% + 900 bps I N V E S T - T O - G R O W D R I V I N G T H E F U T U R E PolyOne Corporation 24 Commercial Resources Operating Income ($ in millions) Operating Margins 113 144 206 At Acquisition Today Goal $16 $18 $60 At Acquisition Today Goal 7% 8% 18-20% At Acquisition Today Goal Recent Acquisitions (< 2 years) PolyOne Corporation 25 Average Company Size # of Possibilities Rationale 250 • Local to regional footprint • Niche technology focus • Concentrated customer base $50M–$200M 150 • Regional to global footprint • 1–3 specialty technologies • Diversified customer base >$200M 30 • Global footprint with local service • Diverse specialty technologies • Highly diversified customer & market portfolio S T R O N G P I P E L I N E D R I V E N B Y F R A G M E N T E D M A R K E T $0 $150 $300 $450 $600 $750 2011 2012 2013 2014 2015 2016 2017 2018 $809M R E T U R N I N G C A S H T O S H A R E H O L D E R S O V E R $ 1 B I L L I O N S I N C E 2 0 1 1 PolyOne Corporation $0.16 $0.20 $0.24 $0.32 $0.40 $0.48 $0.58 $0.70 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 3-Year Dividend Plan Cumulative Share Repurchases (In millions) Increasing Annual Dividend 26 6.3% 14.0% 15.0% 16-17% 2009 2017 Platinum Vision Updated Expectations R O I C D R I V E S S H A R E H O L D E R R E T U R N PolyOne Corporation 27 PolyOne Corporation 28 W H Y I N V E S T I N P O L Y O N E ?
https://www.avient.com/sites/default/files/2022-01/Bergamid Laser Welding Solutions Product Bulletin.pdf
Bergamid™ Laser Welding Solutions Bergamid™ Laser Welding Solutions help customers produce high performance parts with durable welds and smooth surfaces. The Bergamid Laser Welding product portfolio offers PA66 formulations that meet required transmission rates across various sectors. KEY CHARACTERISTICS • Part design freedom • Reduced tooling cost • Controlled laser transmission rate and weld width • Minimum heat affected zone • Gas tight weld line with no weld flash • Multiple color options MARKETS & APPLICATIONS Bergamid Laser Welding Solutions can meet the demanding technical requirements of laser welding for a range of markets & applications, including: • Automotive • Medical Devices • Consumer Goods • Houseware Applications PRODUCT BULLETIN www.avient.com Copyright © 2022, Avient Corporation.
https://www.avient.com/resources/safety-data-sheets?page=3256
TPE DARK BLUE 80484 XMAXXAM PE GF/10 H-UV NATURAL 70 STAN-TONE DB-15597 HI LITE BLUE
https://www.avient.com/sites/default/files/2023-01/Nymax Motorcycle Trunk Application Snapshot.pdf
TRANSPORTATION OEM A F T E R M A R K E T M O T O R C Y C L E T R U N K L I D & B A S E • Maintain physical performance of incumbent 30% glass fiber nylon while improving sink and warp issues • Black with an easy-to-paint surface • UV resistant • Collaborated to rapidly provide an alternative material with excellent balance of physical properties and durability • Achieved comparable performance while improving paintability • Quickly provided samples and offered on-site application development and technical support at molding trials Nymax™ Glass and Mineral Fiber Reinforced Nylon 6 Formulation KEY REQUIREMENTS WHY AVIENT? https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
https://www.avient.com/sites/default/files/2024-11/Stan-Tone RBX Product Bulletin.pdf
% Pigment Specific Gravity Color Index Heat Stability Lightfastness System RED 23EP06 Specialty Naphthol BS 50 1.06 PR-170 2 I/O (Mass) C EPDM 25EP12 Red 2B, Ca Salt Bs 49 1.2 PR-48:2 2 I/O EPDM 26EP03 Pyrazolone YS 41 1.03 PR-38 2 C I/O EPDM 28EP02 Red 2B, Ba Salt YS 50 1.33 PR-48:1 2 I/O EPDM 82EP02 Iron Oxide, Dark VBS 59 1.7 PR-101 1 I/O EPDM 82EP04 Iron Oxide, Light VYS 60 1.73 PR-101 1 I/O EPDM BLUE 40MB05 (c) Phthalocyanine GS 48 1.19 PB-15:3 1 I/O SBR 40MB08 (c) Phthalocyanine RS 52 1.27 PB-15 1 I/O SBR 40MB10 (c) Phthalocyanine RS-NC 48 1.22 PB-15:1 1 I/O SBR 40MB02 Ultramarine 51 1.35 PB-29 1 I/O SBR 40EP05 Phthalocyanine GS 44 1.14 PB-15:3 1 I/O EPDM 40EP08 Phthalocyanine RS 49 1.23 PB-15 1 I/O EPDM 40EP10 Phthalocyanine RS-NC 48 1.11 PB-15:1 1 I/O EPDM 42EP02 Ultramarine GS 50 1.27 PB-29 1 I/O EPDM GREEN 50MB05 Blend (Yellow/Blue) 48 1.21 N/A 3 I SBR 51MB01 (c) Phthalo Brominated VYS 50 1.4 PG-36 1 I/O SBR 51MB03 (c) Phthalocyanine YS 47 1.34 PG-7 1 I/O SBR 51MB05 (c) Phthalocyanine BS 50 1.46 PG-7 1 I/O SBR 59MB01 Chromium Oxide 69 2.17 PG-17 1 I/O SBR 50EP05 Blend (Yellow/Blue) 48 1.16 N/A 3 I EPDM 51EP01 Phthalo Brominated VYS 44 1.37 PG-36 1 I/O EPDM 51EP03 Phthalocyanine YS 47 1.33 PG-7 1 I/O EPDM 51EP05 Phthalocyanine Bs 45 1.37 PG-7 1 I/O EPDM 59EP01 Chromium Oxide 71 2.12 PG-17 1 I/O EPDM VIOLET/MAGENTA 24MB03 Quinacridone Violet 30 1.06 PV-19 2 I/O SBR 24MB04 Ultramarine Violet 60 1.59 PV-15 1 I/O SBR 24MB06 Benzimidazolone 40 1.08 PV-32 2 I/O SBR 24MB07 Carbazole Violet 40 1.25 PV-23 2 I/O SBR 24EP03 Quinacridone Violet 31 1 PV-19 2 I/O EPDM 24EP07 Carbazole Violet 14 1.34 PV-23 2 I/O EPDM Stan-Tone Code Pigment Type Approx. % Pigment Specific Gravity Color Index Heat Stability Lightfastness System BROWN 83MB01 (c) Iron Oxide, Tan HR 60 1.78 PBr-11 1 I/O SBR 83MB02 (c) Iron Oxide, Light 68 2.1 PBr-6 2 C I/O SBR 83MB03 (c) Iron Oxide, Dark 60 1.83 PBr-6 2 C I/O SBR 83EP02 Iron Oxide, Light 69 1.98 PBr-6 2 C I/O EPDM 83EP03 Iron Oxide, Dark 69 1.98 PBr-6 2 C I/O EPDM BLACK 90MB01 (c) Furnace N-330 31 1.2 PBk-7 1 I/O SBR 90MB05 (c) Iron Oxide 60 1.8 PBk-11 2 C I/O SBR 90EP01 Furnace Black 33 1.05 PBk-7 1 I/O EPDM 90EP05 Iron Oxide 55 1.56 PBk-11 2 C I/O EPDM ALUMINUM 61MB01 Aluminum 70 1.5 PM-1 1 I/O SBR 61EP01 Aluminum 60 1.31 PM-1 1 I/O EPDM RS = Red Shade YS = Yellow Shade VYS = Very Yellow Shade BS = Blue Shade VBS = Very Blue Shade GS = Green Shade NC = Non-Crystallizing HR = Heat-Resistant (a) = Potential Migration at Low Use Levels (b) = Poor Alkali Resistance - Not Recommended for Open Steam Cure (c) = Six Month Shelf Life LIGHTFASTNESS I = Indoor Only I/O = Indoor or Outdoor Mass = Outdoor Masstone Application Only C = Some Caution Advised HEAT STABILITY 1 = Above 400°F 2 = 350°F–400°F 3 = Below 350°F C = Some Caution Advised 1.844.4AVIENT www.avient.com Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
D is t. ) K W R P P G F U L R P M A V Y F M C H U N H X L S C L E C L E M N C E A S H Source: Peer data per Bloomberg market data as of 2022年2月15日. Free cash flow conversion calculated as (EBITDA – Capex) / EBITDA H I G H F R E E C A S H F L OW C O N V E R S I O N Avient reflects 2021 estimated EBITDA of $635M and estimated CAPEX of $90M (excludes IT system upgrade of $25M and synergy capture CAPEX of $20M) Source: Peer data per Bloomberg market data as of 2022年2月15日 86 89 85 80 76 76 89 85 79 78 76 76 76 70 69 63 8 A vi e n t K W R P P G F U L A V Y R P M F M C U N V R H U N B N R H X L E C L C E A S H E M N S C L A L B Source: Peer data per Bloomberg market data as of 2022年2月15日 Total Enterprise Value / 2022E EBITDAWith the Clariant Color business acquisition and divestment of the PP&S business, our exposure is now concentrated in less-cyclical and high-growth markets. O U R VA LUATI O N V E R S U S P E E R S Avient Specialty Formulators Other Chemical/Specialty Companies 5.4 8.5 10.1 10.0 15.7 15.0 14.2 12.7 10.2 25.0 19.7 17.7 13.2 12.3 10.0 9.9 8.9 8.5 8.3 6.6 A vi e n t (2 0 1 1 ) A vi e n t (2 0 1 6 ) A vi e n t (2 0 2 1 ) A vi e n t (T o d a y) R P M K W R P P G A V Y F U L A L B E C L H X L A S H F M C B N R E M N U N V R C E S C L H U N Historic Multiple S U M M A RY: W H Y I N V E S T I N AV I E N T ?
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BLUE RPET TONER PC WATER BLUE 319C W/UV STAN-TONE DB-15597 HI LITE BLUE