https://www.avient.com/sites/default/files/2022-11/Smarter Materials High Performance Thermoplastics.pdf
Following are top reasons why many manufacturers and designers choose
high-performance thermoplastics:
• High-temperature resistance • Chemical resistance
• Flame/smoke/toxicity (FST) performance • Chemically inert
PLUS, ALL
THE BENEFITS
OF PLASTIC
In addition to their elite-level properties,
high-performance thermoplastics deliver
the typical advantages of polymers over
other material types such as metal, glass and
ceramic, including:
• Light weight
• Design freedom/part consolidation
• Easy colorability
• Efficient, high-volume processing
• Elimination of secondary operations
• Enhanced product experience
for the end user
- quieter environment
- improved tactile feel
- better usability
ADVANTAGES
Going Above
and Beyond
• Amorphous structure
• High marks for toughness, chemical resistance,
hydrolytic stability, resistance to boiling water,
and extreme thermal capabilities
• Best for: aerospace interiors, hot water fittings,
and medical and dental devices that are
subjected to repeated steam sterilization
• Also used in food equipment exposed to
temperature extremes, such as coffeemakers
or freezer-to-microwave cookware
Polyaryletherketones
Polysulfones
Liquid crystal polymers
Polyetherimides
Polyphenylene sulfides
There are five
major families of
high-performance
thermoplastics
P
O
LY
AR
YL
ET
H
ER
K
ET
O
N
ES
P
O
LY
SU
LF
O
N
ES• Semi-crystalline structure
• High marks for thermal stability, chemical
resistance and mechanical properties over
a wide temperature range
• Better-than-average levels of combustion
resistance and electrical performance
• Some PAEK materials, like polyetheretherketone
(PEEK), are also extremely tough and have
excellent impact strength
• Best for: aerospace, automotive, industrial
and medical components
• May be used to create stock shapes such as
rods, bars, and tubes
All in the Family
P
O
LY
P
H
EN
YL
EN
E
SU
LF
ID
ES • Semi-crystalline structure
• Excellent temperature resistance with continuous
service temperatures up to 230°C
• High marks for modulus and resistance to creep,
corrosion, and chemicals
• Above-average electrical properties
• Best for: complex parts with extremely tight
tolerances; often used as an alternative to metals
and thermosets in automotive underhood parts,
appliances, electronics, and industrial applications
Polyaryletherketones
Polysulfones
Liquid crystal polymers
Polyetherimides
Polyphenylene sulfides
There are five
major families of
high-performance
thermoplastics
P
O
LY
ET
H
ER
IM
ID
ES
LI
Q
U
ID
C
R
YS
TA
L
P
O
LY
M
ER
S • Semi-crystalline structure
• High degree of anisotropy: strength, stiffness
and thermal expansion will be greater in one
direction vs. the other
• High marks for temperature, chemical
and electrical resistance
• Exceptional mechanical strength
and high flow rates; often used to fill
extremely long parts with thin walls
• Best for: electronic connectors, sensors,
bullet-resistant vests, jet engine enclosures,
brake and transmission friction parts, and gaskets
• Amorphous structure
• High marks for thermal, mechanical,
and chemical properties
• Often selected for demanding applications requiring
ultra-high mechanical strength combined with high
temperature, corrosion and wear resistance
• Impact resistance may be lower than
that of PSUs and PAEKs
• Best for: aerospace interiors, automotive lighting,
medical devices, and electrical and fiber optic
connectors
All in the Family
Source: https://www.craftechind.com/standard-and-custom-parts-in-high-performance-plastics/
TEMPERATURE AND MATERIAL TYPE
The two broad classifications of high-performance thermoplastics—amorphous and semi-crystalline—
have different temperature characteristics.
https://www.avient.com/sites/default/files/2023-08/Maxxam BIO Bio-Based Polyolefin Formulations Product Bulletin.pdf
KEY CHARACTERISTICS
Formulated with bio-based resin and/or
10–50% filler from renewable plant sources,
Maxxam BIO formulations:
• Reduce product carbon footprint
• Achieve equivalent performance to standard
polyolefin formulations
• Provide good stiffness, durability, impact
resistance and UV stability
• Deliver good surface finish and are easy to color
• Enable customized performance characteristics
depending on application need
• Offer food contact compliance
MARKETS AND APPLICATIONS
Maxxam BIO formulations are suitable for use across
many industries and applications where traditional
polyolefin materials are used, including:
• Transportation Interior Applications -
Decorative profiles, trunk side liners, pillars,
T-cup
• Industrial - Structural parts, furniture
• Consumer - Household goods, personal care
items, packaging, office supplies, food contact
applications
• Electrical and Electronic – Housings, buttons,
junction boxes
SUSTAINABILITY BENEFITS
• Formulated with bio-based resin and/or
10–50% natural filler
• Utilize natural filler from renewable plant
sources including olive seed based powder
and cellulose fiber
• Offer a lower product carbon footprint
compared to traditional petroleum-based
feedstock
• Can be recycled at end of life
PRODUCT BULLETIN
CHARACTERISTICS UNITS
Maxxam BIO
MX5200-5036
Natural FD
Maxxam BIO
MX5200-5030
Natural FD
Maxxam BIO
MX5200-5030
Natural FD X1
Maxxam BIO
MX5200-5001
RS HS Natural
Maxxam BIO
MX5200-5033
RS HS Natural
Maxxam BIO
MX5200-5034
RS HS Natural
Maxxam BIO
MX5200-5035
RS HS Natural
Filler/Reinforcement Unfilled Unfilled Unfilled
30%
Glass Fiber
10%
Mineral
20%
Mineral
30%
Mineral
Density
(ISO 1183)
g/cm 0.90 0.90 0.90 1.12 0.96 1.03 1.12
Tensile Modulus
(ISO 527-1) @ 23°C
MPa 1500 1000 1000 6400 1350 1650 2100
Tensile Stress
(ISO 527-2) @ 23°C
MPa 27.0 20.0 20.0 75.0 13.0 14.0 15.0
Tensile Strain
at Break
(ISO 527-2) @ 23°C
% 5 50 50 3.0 50 37 18
Charpy Notched
(ISO 179)
kJ/m 5 20 25 10 12 10 10
CHARACTERISTICS UNITS
Maxxam BIO
MX5200-5023
RS HS HI
Natural 70
Maxxam BIO
MX5200-5025
RS HS
Natural 70
Maxxam BIO
MX5200-5004
RS HS
Natural 70
Maxxam BIO
MX5200-5003
RS
Natural 70
Maxxam BIO
MX5200-5009
RS HS Natural
70
Maxxam BIO
MX5200-5024
RS HS
Natural 70
Maxxam BIO
MX5200-5022
RS HS
Natural 70
Filler/Reinforcement
15%
Olive Seed
Based
25%
Olive Seed
Based
30%
Olive Seed
Based/
10%
Mineral
35%
Olive Seed
Based/
5%
Mineral
15%
Olive Seed
Based/
17%
Glass Fiber/
Mineral
20%
Olive Seed
Based/
20% Glass/
Mineral
10%
Olive Seed
Based/
20%
Mineral
Density
(ISO 1183)
g/ccm 1.00 1.15 1.10 1.07 1.09 1.25 1.10
Tensile Modulus
(ISO 527-1) @ 23°C
MPa 1750 2000 2700 2500 3800 3500 4100
Tensile Stress
at Break
(ISO 527-2) @ 23°C
MPa 21.0 20.0 30.0 20.0 40.0 35.0 42.0
Tensile Strain
at Break
(ISO 527-2) @ 23°C
% 24 5 3 5 3 4 2
Notched Izod
(ISO 180)
kJ/m 15 7 3 2 5 15 7
MAXXAM BIO POLYOLEFINS – BIO-BASED RESIN – TECHNICAL PERFORMANCE
MAXXAM BIO POLYOLEFINS – OLIVE SEED BASED FILLER – TECHNICAL PERFORMANCE
CHARACTERISTICS UNITS
Maxxam BIO
MX5200-5029 NF HI
UV Black X1
Maxxam BIO
MX5200-5032 NFS
UV Natural
Maxxam BIO
MX5200-5020 NF/NFS
UV Natural X1
Maxxam BIO
MX5200-5016 NF
Natural
Filler/Reinforcement 10% Cellulose Fiber 20% Cellulose Fiber 30% Cellulose Fiber 40% Cellulose Fiber
Density
(ISO 1183)
g/ccm 0.95 1.00 1.02 1.07
Tensile Modulus
ISO 527-1) @ 23°C
MPa 1550 1750 2640 3600
Tensile Stress at Break
(ISO 527-2) @ 23°C
MPa 33 30 48 55
Tensile Strain at Break
(ISO 527-2) @ 23°C
% 8 12 9 4
Charpy Notched Impact
Strength (ISO 179/1eA)
kJ/m2 5 6 5 5
Charpy Unnotched Impact
Strength (ISO 179/1eU)
kJ/m2 33 49 38 30
MAXXAM BIO POLYOLEFINS – CELLULOSE FIBER FILLER – TECHNICAL PERFORMANCE
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2020-10/tpes-for-automotive-fasteners-clips-product-bulletin-1.pdf
ONFLEX™ HT ONFLEX™ AF 7210 ONFLEX™ S KA ONFLEX™ S KG
Applications
Fasteners/
Clips
Fasteners/
Clips
Fasteners/
Clips
Fasteners/
Clips
Defining Characteristic
High temperature
sealing
performance
Ambient
temperature sealing
performance
High temperature
sealing
performance
Ambient
temperature sealing
performance
Density 1.00 g/ml 0.99 g/ml 1.10 g/ml 1.13 g/ml
Physical Properties
Tensile Strength 6.0–10.0 MPa 5.0–11.5 MPa 3.0–7.5 MPa 2.6–4.9 MPa
Tear Resistance 25.0–37.0 kN/m 21.0–43.0 kN/m 17.0–46.0 kN/m 16.0–29.0 kN/m
Compression Set
73°F (23°C) 72hrs 12–27% 16–32% 13–23% 31–35%
158°F (70°C) 22hrs 28–44% 32–43% 29–38% 62–66%
212°F (100°C) 22hrs 45–53% 56–60% 54–57% 80–85%
Hardness 40–80 Shore A 40–80 Shore A 40–80 Shore A 40–80 Shore A
Overmolding Substrate
Polypropylene/
Polyethylene
Polypropylene Polyamide Polyamide
Processing
Injection Molding/
Extrusion
Injection Molding/
Extrusion
Injection Molding/
Extrusion
Injection Molding/
Extrusion
HOW GLS TPEs MAKE THE DIFFERENCE IN AUTOMOTIVE FASTENERS AND CLIPS
• Low compression set – coupled with good
stress relaxation, our automotive TPEs are
designed to maintain a good seal over time and
reduce noise generated by vibration
• High temperature performance – Avient
automotive TPEs provide good sealing
performance in temperatures up to
100°C/212°F
• Bonding performance - strong chemical bond
to polypropylene, polyethylene,
and polyamide
• Process flexibility - grades can be both
injection molded and extruded
• Easy to color - can be colored at the machine
• Reduced production steps - some grades do
not require pre-drying
• Low VOC/FOG - OnFlex HT™ has been externally
tested to VDA 278 and is proven to help satisfy
vehicle interior air quality (VIAQ) regulatory
requirements
• Single source supply – we can streamline your
supply chain with the ability to provide polymer
colorants, engineered thermoplastics, and
thermoplastic elastomers from a single source
• Global support - we provide production,
technical, and commercial support in locations
convenient to your operations, including North
America, Europe, and Asia
To learn more about GLS TPEs for automotive
applications, visit www.avient.com or call
+1.844.4AVIENT (1.844.428.4368).
https://www.avient.com/sites/default/files/2020-10/neu-quality-commitment.pdf
In the event of a conflict between this Quality
Commitment and any mutually agreed specifications or quality agreement that is executed by NEU,
the mutually agreed specifications or signed quality document shall control.
1.0 PRODUCT DESCRIPTION
Thermoplastic material in pellet form.
2.0 TEST METHODS
NEU test methods are modeled after ASTM testing standards, where applicable.
3.0 OPERATIONAL DEFINTIONS
3.1 Lot (Batch): Material manufactured at one time.
3.2 Blend: No more than three lots of a specific raw material, combined together to form a
homogeneous mixture.
3.2.1 Full lot tractability of non-proprietary formulations will be reflected on the COC
3.3 Certification: “Certificate of Conformance” or “Certificate of Analysis” based material
requirements
3.4 Certificate of Analysis: Document containing information that the product conforms to
the established Product Specifications.
3.5 Certificate of Conformance: Document containing confirmation that the product
conforms to the defined formulation.
3.6 Finished Product Form: Finished product shape (Cylindrical, Spherical)
3.7 Product Specification: the product specifications that are contained in a written
document signed by NEU, or if such document does not exist, the Certificate of Analysis
or Certificate of Conformance issued by NEU.
4.0 PACKAGING
4.1 Standard product packaging options include:
4.1.1 Drum
4.1.2 Gaylord
4.1.3 Pail
4.1.4 Individual bag in box
Approved
Plant/Local : Reference Document
Document #: DOC-10815 Revision: 3
Document
Owners:
Dean Clark Effective Date: Oct 29, 2020
Title: NEU Quality Commitment
Page 2 of 4
Only the electronic version of this document in ETQ is the controlled version of the document.
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%
70%
$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
ti
ng
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
At a Glance
PolyOne
Europe
14%
Canada
8%
Asia
5%
Latin
America
3% Distribution
2012 Revenues: $4.2 Billion* 2012 Revenues: $4.2 Billion*
United
States
70%
14% 5%
PP&S
20%Specialty
57%
23%
70%
Appliance
5%
Building & HealthCare
Transportation
16%
Textiles
2%
1.02
1.20
$1.20
$1.40
ha
re
End Markets* EPS Growth
g
Construction
14%
Wire & Cable
8%
Consumer
8%
Packaging
17%
Industrial
11%
Misc.
6%
9%
0.27
0 21
0.79
$0.40
$0.60
$0.80
$1.00
A
dj
us
te
d
Ea
rn
in
gs
P
er
S
Electrical &
Electronics
4%
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
At a Glance
Specialty
U it d
2012 Revenues: $2.4 Billion* Solutions
United
States
59%
Europe
23%
Asia
Canada
4%
Asia
9%
Latin
America
5%
Appliance
4%
Building &
C t ti
HealthCare
5%
Transportation
16%
Textiles
2%
%
o
f S
al
es
12-16%
End Markets* Expanding Profits
Construction
11%
Wire & Cable
7%
Electrical &
Electronics
Packaging
23%
Industrial
7%
Misc.
15%
1.5%
3.2%
4.3%
5.3%
8.4%
9.1%
O
pe
ra
ti
ng
In
co
m
e
%
8.0%
Electronics
4%
Consumer
6%
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
At a Glance
Designed Structures and Solutions
United States
2012 Revenues: $0.85 Billion* Solutions
84%
Europe
2%
Canada
7%
Latin America
7%
Appliance
4% Building & Construction
11%
Wire & Cable
Sign & Advertising
3%
Recreation & Leisure
2%
Pool & Spa
1%
Distribution &
Thermoform
8%
Textiles
2% Operating Income % of Sales
2012 Revenue by Industry Segment* Expanding Profits**
Wire & Cable
7%
Electrical & Electronics
4%
Consumer
6%
Packaging
23%Industrial
7%
Transportation
16%
3%
2.2%
8 ‐ 10%
7%
Misc.
1%
HealthCare
5%
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.
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
Global Specialty Engineered Materials $ 47.0
Global Color, Additives and Inks 66.8
Specialty Platform $ 113.8
Performance Products and Solutions 74.9
Distribution 66.0
Corporate (87.6)
Operating income GAAP $ 167.1
Less: Corporate operating expense 87.6
Operating income excluding Corporate $ 254.7
Specialty platform operating mix percentage 45%
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%
Platform sales and operating income (OI) 2012Y 2012PF
Global Specialty Engineered Materials Sales $ 543.6 $ 779.5
Global Color, Additives and Inks Sales 703.5 753.8
Designed Structures & Solutions 847.4
Specialty Platform Sales $ 1,247.1 $ 2,380.7
Performance Products and Solutions Sales 837.0 902.8
PolyOne Distribution Sales 1,030.3 1,030.3
Corporate and Eliminations (121.8) (121.8)
Total Sales $ 2,992.6 $ 4,192.0
Global Specialty Engineered Materials OI $ 47.0
Global Color, Additives and Inks OI 66.8
Specialty Platform OI $ 113.8
Performance Products and Solutions OI 74.9
PolyOne Distribution OI 66.0
Corporate and eliminations (33.7)
Special items in OI (53.9)
Operating income - GAAP $ 167.1
Special items in OI 53.9
Operating income adjusted $ 221.0
Global Specialty Engineered Materials - OI % of sales 8.6%
Global Color, Additives and Inks - OI % of sales 9.5%
Specialty platform OI % of sales 9.1%
PP&S operating OI % of sales 9.0%
Distribution OI % of sales 6.4%
PolyOne OI adjusted, % of sales 7.4%
Adjusted EPS 2006Y 2007Y 2008Y 2009Y 2010Y 2011Y 2012Y
Net Income attributable to PolyOne common
shareholders $ 130.9 $ 40.9 $ (417.0) $ 106.7 $ 162.6 $ 172.6 $ 71.9
SunBelt 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) 35.7
Tax adjustments (30.0) (30.7) 147.2 (44.9) (88.3) (42.3) 0.5
Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 75.4 $ 96.1 $ 108.1
Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3 89.8
Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.79 $ 1.02 $ 1.20
Average Debt Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Average
PolyOne Debt $ 707.0 $ 706.4 $ 705.8 $ 705.2 $ 706.9 $ 706.3
Average Equity Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Average
PolyOne shareholders’ equity $ 588.3 $ 611.3 $ 604.3 $ 629.3 $ 629.1 $ 612.5
Adjusted EBITDA 2012
PolyOne Income before income taxes $ 113.0
PolyOne Interest expense, net 50.8
PolyOne Depreciation and amortization 69.8
PolyOne Special items in EBITDA 55.1
PolyOne Adjusted EBITDA $ 288.7
Pro forma Spartech EBITDA * 56.3
Pro forma EBITDA * $ 345.0
* Amount excludes expected synergies.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Gabelli%2520%2526%2520Company%2520Specialty%2520Chemical%2520Conference.pdf
Addressable market exceeds $40 billion
Strong performance demonstrates that our strategy and execution
are working
Megatrends and emerging opportunities align with strengths
Innovation and services provide differentiation, incremental pricing
power and competitive advantage
Strategic balance between reinvestment for growth and returning
cash to shareholders
Strong and proven management team driving growth and
performance
18 POLYONE CORPORATION
Segment Highlights
POLYONE CORPORATION 19
2016 Revenue: $0.8 Billion
At a Glance: Color, Additives & Inks
Key Applications
2016 Revenue by Industry Expanding Profits
1.7%
4.6% 5.1%
5.5%
7.2% 8.1%
9.7%
12.2%
14.7%
16.7% 16.0%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2020
Operating Income % of Sales
Platinum
Vision
United
States
45%
Europe
33%
Asia
15% Latin
America
5%
Canada
2%
Packaging
30%
Industrial
15%
W & C
10%
B & C
10% Textiles
9%
Transportation
9%
Consumer
7%
Healthcare
6%
Appliance
2%
E & E
2%
POLYONE CORPORATION 20
2016 Revenue: $0.6 Billion
At a Glance: Specialty Engineered Materials
2016 Revenue by Industry Expanding Profits
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6%
9.3%
12.1%
14.7% 14.3%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2020
Operating Income % of Sales
Platinum
Vision
Consumer
19% Transportation
19%
E & E
15%
W & C
15%
Healthcare
11%
Industrial
8%
Packaging
7%
Appliance
3%
B & C
3%
United
States
51%
Europe
27%
Asia
20%
Canada
2%
Key Applications
POLYONE CORPORATION 21
2016 Revenue: $0.4 Billion
At a Glance: Designed Structures & Solutions
2016 Revenue by Industry Expanding Profits
1.4%
5.6%
7.3%
3.0%
8-10%
-0.9%
2012 2013 2014 2015 2016 2020
Operating Income % of Sales
Platinum
Vision
Transportation
27%
Industrial
21%
Packaging
21%
B & C
11% Healthcare
8%
Consumer
8%
Appliance
3%
E & E
1%
Key Applications
United
States
95%
Canada
5%
http://www.google.com/url?
sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http://www.mullerquaker.com/products/greek100/greek100-peach-and-passion-fruit&ei=-acYVZq7EIqwyASDjYL4CA&bvm=bv.89381419,d.cWc&psig=AFQjCNGNCQY1_dCN2RPLzxtap_Pu0omTXQ&ust=1427765484498432
POLYONE CORPORATION 22
2016 Revenue: $0.7 Billion
At a Glance: Performance Products & Solutions
2016 Revenue by Industry Expanding Profits
5.5%
6.9%
3.8%
3.6%
5.5%
4.3%
6.3%
7.2% 7.7%
8.3%
12-14%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2020
Operating Income % of Sales
Platinum
Vision
11.1%
B & C
30%
Transportation
18%
W & C
16%
Industrial
16% Appliance
6%
Consumer
5%
Packaging
5%
E & E
3%
Healthcare
1%
United
States
78%
Canada
16%
Latin
America
4%
Asia
2%
Key Applications
POLYONE CORPORATION 23
2016 Revenue: $1.1 Billion
At a Glance: Distribution
Key Suppliers
ROIC Expanding Profits
2.6%
3.0%
3.5%
4.0%
4.6%
5.6%
6.4%
5.9% 6.1%
6.6%
6.5-7.5%
6.4%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2020
Operating Income % of Sales
Platinum
Vision
15%
51%
2006 2016
Transportation
24%
Healthcare
22%
Industrial
18%
Consumer
15% Appliance
6%
E & E
5%
B & C
4%
Packaging
4%
W & C
2%
http://www.polyone.com/Pages/VariationRoot.aspx
24 POLYONE CORPORATION
Application Examples
POLYONE CORPORATION 25
Luxury Packaging
with Gravitech Density Modified Polymers
Impart weight, sound and
metallic finish to caps and
closures for cosmetics and
spirits applications
Elevate quality and prestige
perceptions among high-end
consumers
Eliminate time and cost
associated with secondary
operations and assembly
POLYONE CORPORATION 26
Eliminate costs by increasing
pigment density
Enhance color performance
without altering form and
formulation
Increase design capabilities by
reducing weight and layer
thickness
Optimize Color Usage
with OnColor Super Concentrates
POLYONE CORPORATION 27
Inhibit microbial growth on
polymer surface
Enhance value or products
and devices
Highly versatile concentrate
with the ability to be
incorporated into a wide
variety of products
Combat Bacteria Formation
with WithStand Antimicrobial Technology
POLYONE CORPORATION 28
Medical Device Housings
with Chemically Resistant Engineered Polymers
Durable, long-lasting
products stand up to the
most aggressive disinfectants
Minimize environmental
stress cracking and
discoloration
One of the broadest
medically approved polymer
and colorant portfolios
POLYONE CORPORATION 29
Color & Design Services
Greater control of color development
and supply chain
Work across entire design process
from concept to commercialization
Inspire creativity in the use of
polymer materials, colors
and effects
Innovative brand differentiation
Faster development timelines
POLYONE CORPORATION 30
Outdoor Applications
Leading provider of high performance
specialty materials for the recreational
and sports & leisure industry
Well positioned across all segments to
address market needs
Metal to Polymer Conversion
Lightweighting
Thermal Management
Impact Performance
Source: Outdoor Industry Association
POLYONE CORPORATION 31
Fiber Colorants
Solutions for clothing, apparel, footwear, automotive & sporting goods
ColorMatrix Fiber Colorant Solutions
Proprietary advanced liquid color
formulations and equipment enable
greater efficiency and productivity
Eliminates aqueous dyeing and its
associated wastewater treatment
Solid Color Concentrates
Extrusion-spun fibers colored via
solid masterbatch
POLYONE CORPORATION 32
High-Barrier Packaging Containers
Capability to extrude up to 13
layers
Strong oxygen and moisture vapor
transmission protection
Can be made symmetrical or
asymmetrical to meet customized
needs of broad variety of
applications
Barrier protection and superior
sensory properties
1
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Senior management uses comparisons of adjusted net income attributable to PolyOne common shareholders, adjusted earnings per share (EPS) attributable to PolyOne common
shareholders and operating income before special items to assess performance and allocate resources because senior management believes that these measures are useful in
understanding current profitability levels and that current levels may serve as a base for future performance.
https://www.avient.com/sites/default/files/2021-05/renol-ul94-compliant-masterbatches-brochure.pdf
RENOL™ UL94 COMPLIANT
MASTERBATCHES
HOW TO USE THE TABLES
UL HB
GENERIC RESIN TYPE
FLAME
RATING
MINIMUM
THICKNESS
(MM)
MAXIMUM
LET-DOWN
RATIO
Acetal Copolymer (POM) HB 1.50 1:20
Acrylonitrile Butadiene Styrene (ABS) HB 1.50 1:10
Ethylene Propylene Thermoplastic Rubber (EPTR) HB 1.50 1:20
High Impact Polystyrene (HIPS) HB 1.50 1:10
Liquid Crystal Polymer (LCP) HB 0.83 1:10
Polyamide (PA) HB 3.20 1:33
Polyamide (PA66 and PA 4/6) HB 0.81 1:20
Polyamide 6 (PA6) HB 0.75 1:25
Polyamide 66 (PA66) HB 0.40 1:40
Polybutylene Terephthalate (PBT) HB 0.81 1:20
Polybutylene Terephthalate/Polycarbonate (PBT/PC) HB 1.50 1:10
Polycarbonate (PC) HB 1.50 1:15
Polycarbonate/Acrylonitrile Butadiene Styrene (PC/ABS) HB 1.50 1:20
Polycarbonate/Polyethylene Terephthalate (PC/PET) HB 1.50 1:20
Polyethylene (PE) HB 1.50 1:50
Polyethylene Terephthalate (PET) HB 0.80 1:16.7
Polyketone HB 1.50 1:20
Polymethyl Methacrylate (PMMA) HB 3.00 1:25
Polypropylene (PP) HB 1.50 1:15
Polystyrene (PS) HB 0.83 1:15
Polyurethane (PUR) HB 1.50 1:25
Polyvinylchloride (PVC) HB 1.50 1:20
Styrene Acrylonitrile (SAN) HB 1.50 1:20
Thermoplastic Elastomer (TPE) HB 0.75 1:25
UL94 V-0, V-1, V-2
ASCEND
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyamide 66
(PA66)
21X1(a)(f2), 21SPC1(a)(f2),
21SPF1(a)(f2), 21SPG1(a)(f2),
21SPM1(a)(f2), 20NSP1(a)(f2)
0.75 V-2 1:40
22HSP(e) 0.75 V-2 1:40
64C-R 3.0 V-2 1:50
ECO366(e) 0.4 V-0 1:40
ECO366H(e) 0.2 V-0 1:25
FR350J 0.4 V-0 1:25
20NSP(a)(f2), 21SPF(a)(f2),
21SPM(a)(f2), 21SPC(a)(f2)
0.4 V-2 1:40
20NSP(a)(h)(f2), 21SPF(a)(h)(f2),
21SPM(a)(h)(f2), 21SPC(a)(h) (f2)
1.5 V-2 1:20
Polyamide 66/6
(PA66/6)
ECO315(e), ECO315J(e) 0.4 V-0 1:40
M344 3.0 V-0 1:25
909 0.75 V-0 1:25
UL94 V-0, V-1, V-2
BASF
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyamide 6
(PA6)
8202(t1), 8202 Blend (t1) 0.71 V-2 1:25
8202C(t1), 8202C BLEND (t1) 1.50 V-2 1:25
8202CHS(t1) (t3), 8202C HS Blend 1.50 V-2 1:25
8202HS(t1) 1.50 V-2 1:25
B3S
0.80 V-2 1:25
1.50 V-2 1:25
B3S Q661 1.50 V-2 1:25
B3S R03 1.50 V-2 1:25
8232G HSFR(t9), B3U10G5 (t9) 1.50 V-0 1:25
Polyamide 6/66
(PA6/66)
C3U (m) 0.40 V-0 1:25
KR4205(m), C3U (m), C3U (t)(m) 0.40 V-0 1:25
KR4205, C3U 0.40 V-0 1:25
Polyamide 66
(PA66)
1000(b), 1310-(b), Ultramid A3K Q603(+) 1.50 V-2 1:10
A3K (o) Q790(g)(f2) 0.41 V-2 1:20
A3K(f2), A3K Q601(f2) 0.41 V-2 1:20
A3SK 0.41 V-2 1:25
A5 3.00 V-2 1:33
A3W(f1), A3W FC (f1) 0.75 V-2 1:10
A3K R01 (t)(g)(f2) 0.40 V-2 1:20
Polybutylene
Terephthalate
(PBT)
B4406 G2 (o) Q798 1.50 V-0 1:20
B4406 G2(a), B4406 G2 (o) Q717(a) 1.50 V-0 1:20
B4406 G3 (o) Q798 1.50 V-0 1:20
B4406 G3(a), B4406 G3 (o) Q717(a) 1.50 V-0 1:20
B4406 G4 (o) Q798 1.50 V-0 1:20
B4406 G4(a2), B4406 G4 (o) Q717(a2) 1.50 V-0 1:20
B4406 G6 (o) Q798 3.00 V-0 1:12.5
B4406 G6(%) 1.50 V-0 1:20
B4406 G6(a1), B4406 G6 (o) Q717(a1),
B4406 G6 (o) Q717 High Speed(a1)
1.50 V-0 1:20
B4406(a), B4406 (o) Q717(a) 1.50 V-0 1:20
B4406@ 1.50 V-0 1:20
B4450 G5, B4450 G5 (t) 0.40 V-2 1:50
Polyurethane
(PUR)
11 85 A(a) FHF 000 (f2) 0.75 V-0 1:33
UL94 V-0, V-1, V-2
CELANESE
GENERIC
RESIN TYPE
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Liquid Crystal
Polymer
(LCP)
A130(+), MT1310 1.50 V-0 1:40
Polyamide 66
(PA66)
A3 GF 25 V0XI, A G5 FR C4 0.40 V-0 1:25
Polybutylene
Terephthalate
(PBT)
2012-2 1.50 V-0 1:20
2016(b) 1.50 V-0 1:20
3112-2 1.50 V-0 1:20
3116(b) 1.50 V-0 1:20
3216(b) 1.50 V-0 1:20
3310-2(f2) 1.50 V-0 1:20
3311-3(f2) 1.50 V-0 1:20
3316(b) 1.50 V-0 1:20
3316(b), 3316HF 1.50 V-0 1:20
COVESTRO
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polycarbonate
(PC)
2407 + (z)(f1) 0.75-2.60 V-2 1:10
2807 + MAS183 0.75 V-2 1:25
6455 + (z)
3.00 V-0 1:25
1.50 V-2 1:25
6485 + (z)(f1) 1.50 V-0 1:25
Polycarbonate/
Acrylonitrile
Butadiene Styrene
(PC/ABS)
FR110 + 1.50 V-0 1:33
FR3005 HF + (z), FR3005 HF + BBS314 1.50 V-0 1:12.5
FR3010 + (z)
3.00 V-0 1:25
1.50 V-0 1:25
FR3010 HF + 3.00 V-0 1:25
FR3030 + 3.00 V-0 1:25
UL94 V-0, V-1, V-2
DSM
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyamide 46
(PA46)
TE250F6(h1)( j) 0.50 V-0 1:25
Polyamide 6
(PA6)
F223-D(f1), F223-D /A(f1) 0.75 V-2 1:25
K222-KGV5(f1)
0.75 V-2 1:16.7
1.50 V-2 1:16.7
K-FKGS6/B(f1)(y) 0.80 V-0 1:25
Polyamide 66
(PA66)
SG-KGS6/HV 0.75 V-0 1:25
Thermoplastic
Elastomer
(TPE)
PL460-S 1.60 V-0 1:25
Polyamide 4T
(PA4T)
T11 (h) 0.40 V-0 1:20
DOMO
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyamide
(PA)
J 60X1 V30 0.40 V-0 1:25
Polyamide 6
(PA6)
PSB 286
0.80 V-2 1:25
3.00 V-2 1:25
Polyamide 66
(PA66)
A 205F(r4) 0.38 V-2 1:25
A 225F 0.75 V-2 1:25
A 50H1 (r3)(f2) 0.40 V-0 1:25
A 30G1 0.40 V-0 1:25
DUPONT
UL94 V-0, V-1, V-2
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyamide
(PA)
132F(+)(f1), 135F(+)(f1) 0.75 V-2 1:20
HTNFR42G30NH 0.40 V-0 1:25
Polyamide 6/12
(PA6/12)
151, 151L 1.50 V-2 1:25
Polyamide 66
(PA66)
101(r9)(f1), 101F(r9)(f1), 101L(r9)(f1),
E101(r9)(f1), E101L(r9)(f1)
0.75 V-2 1:20
103FHS(+), 103HSL(+), RN5077E(+),
E103HSL(+)
0.75 V-2 1:20
A428 0.75 V-0 1:20
FE3757(+) 0.75 V-2 1:25
FR15(+) 0.75 V-0 1:20
FR50(+)(f1) 0.35 V-0 1:20
FR7025V0F(+) 0.50 V-0 1:33
Polyamide 66/6
(PA66/6)
FR72G25V0 0.80 V-0 1:25
Polyamide 66/6T
(PA66/6T)
FR95G25V0NH 0.40 V-0 1:25
Polyamide 6T/66
(PA6T/66)
HTNFR52G15AL 0.75 V-0 1:33
HTNFR52G30BL(r3) 0.75 V-0 1:33
HTNFR52G30L(+), FE15502(+),
HTNFR52G30AL(+)
0.75 V-0 1:33
HTNFR52G30NH(r6)
0.40 V-0 1:25
0.75 V-0 1:10
HTNFR52G35BL 0.75 V-0 1:25
HTNFR52G35L(+), HTNFR52G35AL 0.75 V-0 1:33
Polyamide 6T/
MPMDT
HTNFR51G35L(+) 0.81 V-0 1:33
Polybutylene
Terephthalate
(PBT)
LW9030FR 1.50 V-0 1:25
S650FR 1.50 V-0 1:25
SK642FR 1.50 V-0 1:25
SK652FR1 1.50 V-0 1:16.5
T841FR (r4) 1.50 V-0 1:25
Polyethylene
Terephthalate
(PET)
FR530(l)(+)(f1), FR530L(l)(+)(f1) 0.75 V-0 1:25
Thermoplastic
Elastomer
(TPE)
HTR8068 1.60 V-0 1:25
UL94 V-0, V-1, V-2
EXXONMOBIL
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Ethylene
Propylene
Thermoplastic
Rubber
(EPTR)
251-80W232(f7) 1.50 V-2 1:20
251-92W232 1.50 V-0 1:20
251-70W232
1.50 V-0 1:10
1.00 V-2 1:10
LANXESS
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyamide 6
(PA6)
B30S+(f1) 1.50 V-2 1:25
B31SK+ 1.50 V-2 1:25
Polybutylene
Terephthalate
(PBT)
B4235+ 1.50 V-0 1:10
TP364-302+, BF4232+(f1) 0.75 V-0 1:25
UL94 V-0, V-1, V-2
SABIC
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polybutylene
Terephthalate
(PBT)
310(w) 1.50 V-0 1:20
310SE0(w) 1.50 V-0 1:20
310SE0(w),310SE0R(w) 1.50 V-0 1:20
420SE0(f1)(w)(GG)(rr1) 1.50 V-0 1:20
420SE0(f1)(w)(GG)(rr2) 1.50 V-0 1:20
457(w) 1.50 V-0 1:20
457(w), 451(w) 1.50 V-0 1:20
553(a)(f1)(w) 1.50 V-0 1:20
553(a)(f1)(w), 553E(a)(f1)(w),
553U(a)(f1)(w)
1.50 V-0 1:20
553(w)(f1), 553M(w)(f1) 1.50 V-0 1:20
DR48(w) 1.50 V-0 1:20
DR48,DR48M 1.50 V-0 1:20
V4760(a2) 0.40 V-0 1:20
EXVX1259, ENH4550 0.40 V-0 1:20
771 0.75 V-0 1:25
Polybutylene
Terephthalate/
Polycarbonate
(PBT/PC)
357(f1)(w)(IC), 357M(f1)(w)(IC),
357U(f1)(w)(IC)
1.50 V-0 1:20
357(f1)(w)(IC), 357U(f1)(w)(IC) 1.50 V-0 1:20
357X(f1) 1.50 V-0 1:20
V3900WX(GG)(f1)(IA),
V3901WX(GG)(f1)(IA)
3.00 V-0 1:20
1.50 V-0 1:20
357(w)(f2)(IC), 357M(w)(f2)(IC),
357U(w)(f2)(IC)
1.50 V-0 1:20
UL94 V-0, V-1, V-2
SABIC
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polycarbonate
(PC)
221(f2) 1.50 V-2 1:25
221R(f2) 1.50 V-2 1:25
500(f2), 500R(f2) 3.00 V-0 1:33
503(f1)
3.00 V-0 10:1
1.50 V-0 10:1
503(f1), 503R(f1)
3.00 V-0 10:1
1.50 V-0 10:1
943(ab) 1.50 V-0 1:20
943(f1) 1.50 V-0 1:20
943(f1), 923(f1) 1.50 V-0 1:20
950A, 920ASR, FXD911A(GG), 940ASR 1.50 V-2 1:25
CFR7630(f1)(gg*) 1.50 V-0 1:25
ML5139R(f2) 3.00 V-0 1:33
950A, FXD911A(GG), 940ASR 3.00 V-0 1:25
943 1.50 V-0 1:20
920A
3.00 V-0 1:25
1.50 V-2 1:25
Polycarbonate/
Acrylonitrile
Butadiene Styrene
(PC/ABS)
C2950 1.50 V-0 6:100
C6200(GG) 2.00 V-0 1:20
Acrylonitrile
Styrene Acrylate/
Polycarbonate
(ASA/PC)
HRA222 (GG) 0.80 V-2 1:20
UL94 V-0, V-1, V-2
SOLVAY
OTHERS
GENERIC
RESIN TYPE
SPECIFIC BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
Polyphenyl Sulfone
(PPSU)
R-5100 (r1)(##), R-5000 (r1)(##) 1.50 V-0 1:10
Polyphthalamide
(PPA)
AFA-4133 V0(+) (*) 0.75 V-0 1:25
BASE RESIN
MANUFACTURER
GENERIC
RESIN TYPE
SPECIFIC
BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
ALBIS
Polypropylene
(PP)
PP 13 CV2 14 1.50 V-2 1:25
AVIENT
Polyvinylchloride
(PVC)
M3700(X), M3755(X) 1.50 V-0 1:25
M3900 1.50 V-0 1:25
CHI MEI
Acrylonitrile
Butadiene Styrene
(ABS)
PA-765(+) 1.50 V-0 1:10
Polycarbonate/
Acrylonitrile
Butadiene Styrene
(PC/ABS)
PC-510(+) 1.50 V-0 1:25
EMS-CHEMIE
Polyamide 6
(PA6)
Grilon A 26 V0 0.75 V-0 1:25
FORMOSA
Polycarbonate
(PC)
#1700+(f2) 0.36-0.42 V-2 1:50
GEON
Polyvinylchloride
(PVC)
85891(f1) 1.70 V-0 1:20
85891(f2) 1.70 V-0 1:20
M3700(X) 1.50 V-0 1:25
M3900
1.50 V-0 1:10
1:25
INEOS
Polystyrene
(PS)
855 HV 3.00 V-1 100:4
INVISTA
Polyamide 66
(PA66)
FRU4800 XHL (r1) 0.40 V-0 1:25
U4820L (r1) 0.40 V-2 1:25
UL94 V-0, V-1, V-2
OTHERS
BASE RESIN
MANUFACTURER
GENERIC
RESIN TYPE
SPECIFIC
BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
KINGFA
Polyamide 66
(PA66)
PA66-R11G25 (##) 0.25 V-0 1:25
KURARAY
Polyamide 9T
(PA9T)
GP2300S 0.40 V-0 1:25
LG CHEM
Polycarbonate/
Acrylonitrile
Butadiene Styrene
(PC/ABS)
LUPOY GP-5106-F 3.00 V-0 1:20
LOTTE CHEMICAL
Acrylonitrile
Butadiene Styrene
(ABS)
VH-0800(+) 1.50 V-0 1:25
Polycarbonate
(PC)
HN-1064(+)
0.75 V-2 1:10
1.50 V-0 1:10
1.20 V-1 1:10
Polystyrene
(PS)
VH-1800+
3.00 V-0 1:25
1.50 V-0 1:25
MITSUBISHI
Polycarbonate
(PC)
S-2000+(f1) 1.50-1.80 V-2 1:10
POLYMER
PRODUCTS
Polystyrene
(PS)
ZYNTAR 351
2.00 V-0 1:20
1.50 V-0 1:20
ZYNTAR 7000 2.00 V-0 1:25
ZYNTAR 702 2.00 V-0 1:25
8020 2.00 V-0 1:20
8120 2.00 V-0 1:20
8130 1.50 V-0 1:20
POLYMER
RESOURCES
Polycarbonate
(PC)
PC-FR1A-D, PC-
FR2A-D, PC-FR3A-D
3.00 V-0 1:33
1.50 V-2 1:33
SUMITOMO
Liquid Crystal
Polymer
(LCP)
E6007LHF(ra) 0.30 V-0 1:25
E6007LHF-MR(gt) 0.20 V-0 1:12.5
UL94 V-0, V-1, V-2
OTHERS
BASE RESIN
MANUFACTURER
GENERIC
RESIN TYPE
SPECIFIC
BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
MAXIMUM
LET-DOWN
RATIO
TORAY
Polyamide 6
(PA6)
1017 1.60 V-2 1:16.5
Polyamide 66
(PA66)
3004-V0(rr),
CM3004-V0(rr)
0.40 V-0 1:25
TRINSEO
Polycarbonate
(PC)
891(w) 1.10 V-0 1:25
WELLMAN
Polyamide 66/6
(PA66/6)
220-N, 21L-N, 22L-N 1.50 V-2 1:25
WESTLAKE
Polyvinylchloride
(PVC)
6597(f1), HF-6597(f1) 1.50 V-0 1:25
SP-7107 (f1)(a) 3.00 V-0 1:25
5VA AND 5VB
BASE RESIN
MANUFACTURER
GENERIC
RESIN TYPE
SPECIFIC
BASE RESIN
MINIMUM
THICKNESS
(MM)
FLAME
RATING
COLORS
MAXIMUM
LET-DOWN
RATIO
AVIENT
Polyvinylchloride
(PVC)
M3900 1.50 5VB
ALL 1:25
WHITE 1:10
COVESTRO
Polycarbonate/
Acrylonitrile
Butadiene Styrene
(PC/ABS)
FR3010 + (z) 3.00 5VA ALL 1:25
DUPONT
Polyamide 66/6T
(PA66/6T)
FR95G25V0NH 1.50 5VA ALL 1:25
Polybutylene
Terephthalate
(PBT)
LW9030FR
2.00 5VA BLACK 1:25
3.00 5VA ALL 1:25
SK642FR 1.50 5VA BLACK 1:25
GEON
Polyvinylchloride
(PVC)
M3900 1.50 5VB
ALL 1:25
WHITE 1:10
SABIC
Polybutylene
Terephthalate/
Polycarbonate
(PBT/PC)
V3900WX(GG)(f1)(IA),
V3901WX(GG)(f1)(IA)
3.00 5VA ALL 1:20
1.844.4AVIENT
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2022-05/DOC 1879.pdf
TABLE OF CONTENTS PAGE
1.0 QUALITY POLICY……………………………………………………………….. 4
2.0 AVIENT BUSINESS & QMS ALIGNMENT………………………………………. 5
3.0 CUSTOMER FOCUS PROCESS………………………………………………… 6
4.0 SCOPE OF STANDARD QUALITY RESPONSE…………………………….. 7 - 8
5.0 COMPANY INFORMATION…………………………………………………… 9
6.0 IT SECURITY………………………………………………………………….. 10
7.0 ENIVIRONMENTAL HEALTH, SAFETY & SECURITY………………………. 10
8.0 TECHNOLOGY…………………………………………………………………. 11
9.0 REGULATORY & STATUTORY REQUIREMENTS…………………………….. 11
10.0 QUALITY MANAGEMENT SYSTEM……………………………………………… 12
10.1 GENERAL…………………………………………………………………… 13
10.2 FACILITY & MAINTENANCE…………………………………………… 14
10.3 CONTROL OF MONITORING & MEASURING DEVICES……………… 14
10.4 MANUFACTORING, PRODUCTION & PROCESS CONTROLS…………….. 15
10.5 NONCONFORMING MATERIALS……………………………………… 15
10.6 MATERIALS, STORAGE, HANDLING & TRACABILITY……………. 16
10.7 PACKAGING, SHIPPING & DISTRIBUTION…………………………… 16
10.8 QUALITY CONTROL TESTING………………………………………….. 17
11.0 CONTINUOUS IMPROVEMENT…………………………………………… ........ 17
11.1 FIGURE B.
This document is property of Avient
Corporation and may not be reproduced or communicated to third parties without authorization.
3.0 Customer Focus Process
Approved
Corporate : Template/Form
Document #: DOC-01879 Revision: 8
Document
Owners:
Brian Hoar Effective Date: May 13, 2022
Title: QF-02 Quality Standard Response
Page 7 of 19
Only the electronic version of this document in ETQ is the controlled version of the document.
https://www.avient.com/sites/default/files/2023-11/AVNT November IR Presentation.pdf
PRIOR YEAR
$790
$710
2022 2023
$107
$112
2022 2023
Sales Adjusted EBITDA
(in millions)
$0.42
$0.47
2022 PF 2023
Adjusted EPS
(in millions)
- 10% + 5% + 12%
Sales Adjusted EBITDA Adjusted EPS
16
$112
$500
Q4 FY
$0.47
$2.30
Q4 FY
Q4 AND FULL YEAR 2023 GUIDANCE
$710
$3,130
Q4 FY
Sales Adjusted EBITDA Adjusted EPS
17
(in millions) (in millions)
Guidance: Free Cash Flow
$180 $180
Prior Guidance Guidance
FREE CASH FLOW & INCREASED DIVIDEND
13th Consecutive Dividend Increase
0.16
0.26
0.42
0.58
0.79
0.85
0.99
1.03
2011 2013 2015 2017 2019 2021 2023 2024
18
S U S T A I N A B I L I T Y D AY
R E C A P
SUSTAINABILITY AS A GROWTH DRIVERLONG-TERM REVENUE GROWTH DRIVERS
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
Growth Drivers Long-Term Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other (GDP growth) 0–2%
Avient 6%
20
SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH
8-12%
Long Term
Growth
50
90
2022 2030
Medical Plastics
Market Size
(in $Billions)
2020 2030
Recycled
Plastics
Virgin
Plastics
Growing Demand
for Recycled
Content
Avient Sustainable
Solutions
18
46
2023 2032
Global Offshore Annual
Wind Installations
(in Gigawatts)
Sources: McKinsey, Bloomberg, Grand View Research
SUSTAINABILITY TRENDS DRIVE
LONG-TERM GROWTH
21
• Transformative acquisitions
combined with divestitures of
more cyclical businesses have
improved margins over 400 bps
since 2018
• 20% long-term margin goal to
be driven by key growth drivers,
with sustainable solutions
playing a meaningful role
5.4%
11.5%
16.0%
2006 2018 2023E Recovery Growth
Drivers
Strategic
Objective
20%+
+1%+
+3%+
ADJUSTED EBITDA MARGIN EXPANSION
22
• 6% annualized long-term sales growth leveraging
sustainable solutions, composites, healthcare, and
emerging regions
• Expand EBITDA margins to 20%
• Deliver annual EBITDA and EPS growth of
10% and 15%
• Maintain asset-light, 80% free cash flow conversion
profile and be valued as a specialty formulator
• Continue fostering our Great Place to Work® culture
CRE AT ING A WORL D-CL AS S
S US TAINABL E ORGANIZ AT ION
23
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Formulators
Other Specialty /
Chemical Companies
Source: Peer data per Bloomberg as of October 27, 2023
Note: Avient reflects 2023 estimated revenue of $3,130 and estimated run-rate CAPEX of $110M.
26
3.5
1.8
2.7 3.0
3.4 3.7
2.8
3.7
4.6 5.0
6.9 7.0
8.6
11.1
A
vi
en
t
K
W
R
FU
L
P
P
G
A
V
Y
R
P
M
FM
C
H
U
N
C
E
E
C
L
A
S
H
H
X
L
E
M
N
S
C
L
FREE CASH FLOW CONVERSION
Source: Peer data per Bloomberg as of October 27, 2023
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
Three Months Ended
September 30, 2023
Three Months Ended
September 30, 2022
Reconciliation to Condensed Consolidated Statements of Income: $ EPS $ EPS
Net income (loss) from continuing operations attributable to Avient
shareholders $ 5.1 $ 0.06 $ (27.4) $ (0.30)
Special items, after tax 32.0 0.35 68.3 0.75
Amortization expense, after-tax 15.2 0.16 $ 13.4 $ 0.14
Adjusted net income / EPS $ 52.3 $ 0.57 $ 54.3 $ 0.59
Three Months Ended
September 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022
Sales - GAAP $ 753.7 $ 823.3
Pro Forma APM adjustments — 60.7
Pro forma adjusted sales $ 753.7 $ 884.0
Net income from continuing operations – GAAP $ 5.1 $ (27.8)
Income tax (benefit) expense (0.1) (1.2)
Interest expense, net 30.3 37.3
Depreciation and amortization 46.4 39.8
EBITDA from continuing operations $ 81.7 $ 48.1
Special items, before tax 43.2 82.0
Interest expense included in special items (2.2) (10.0)
Depreciation and amortization included in special items — (0.8)
Adjusted EBITDA $ 122.7 $ 119.3
Pro forma APM adjustments — 17.2
Pro forma adjusted EBITDA $ 122.7 $ 136.5
Pro forma adjusted EBITDA as a % of sales 16.3 % 15.4 %
1
Year Ended
December 31,
Reconciliation to EBITDA and Adjusted EBITDA: 2006 2018
Sales $ 2,622.4 $ 3,533.4
Net income from continuing operations – GAAP $ 133.5 $ 160.8
Income tax expense 29.7 36.4
Interest expense, net 63.1 62.8
Depreciation and amortization 57.1 91.5
EBITDA from continuing operations $ 283.4 $ 351.5
Special items, before tax (34.0) 59.5
Depreciation and amortization included in special items — (3.0)
JV - equity income (107.0) —
Adjusted EBITDA $ 142.4 $ 408.0
Adjusted EBITDA as a % of sales 5.4 % 11.5 %
Reconciliation to EBITDA and Adjusted EBITDA:
Three Months Ended
December 31, 2022
Net loss from continuing operations – GAAP $ (16.6)
Income tax benefit (60.8)
Interest expense, net 49.4
Depreciation and amortization 48.6
EBITDA from continuing operations $ 20.6
Special items, before tax 104.3
Interest expense included in special items (16.0)
Depreciation and amortization included in special items (1.5)
Adjusted EBITDA $ 107.4
Reconciliation of Pro Forma Adjusted Earnings per Share:
Three Months Ended
December 31, 2022
Net loss from continuing operations attributable to Avient
shareholders $ (17.0)
Special items, after tax 38.3
Amortization expense, after-tax 14.6
Adjusted net income from continuing operations excluding special
items 35.9
Pro forma adjustments* 2.5
Pro forma adjusted net income from continuing operations attributable
to Avient shareholders $ 38.4
Weighted average diluted shares 91.7
Pro forma adjusted EPS - excluding special items pro forma for APM
acquisition $ 0.42
* Pro forma adjustment to reflect APM results for the period before Avient ownership including the impacts of debt financing and paydown of
debt with net proceeds from the Distribution sale.
2
AVNT November IR Presentation (11.3) 3PM
Avient corporation�investor presentation
DISCLAIMER
Slide Number 3
Creating a world-class�sustainable organization
Top-tier sustainability performance�and recognition
What we do: We are a formulator
Slide Number 7
Avient protective materials �First Year
Slide Number 9
Slide Number 10
Slide Number 11
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Slide Number 18
Slide Number 19
Slide Number 20
Slide Number 21
Slide Number 22
Slide Number 23
Slide Number 24
Slide Number 25
Avient is asset light
Free cash flow conversion
Multiple expansion
Slide Number 29
Slide Number 30
Slide Number 31
2022 pro forma segment, end market and Geography
Color, Additives & Inks
Specialty Engineered Materials
Slide Number 35
IR Deck - AVNT-2023.09.30 Non GAAP Recs
Attachment
https://www.avient.com/sites/default/files/resources/PolyOne%2520Standard%2520Quality%2520Response_2016_6_9.pdf
Sincerely,
Brett Warland
Director of Process Improvement
PolyOne Corporate
PolyOne Quality Survey Standard
Response
2015 12 09
Source: Corporate Quality
Page: 2 of 14
Table of Contents
1.0 POLYONE CORPORATE: OVERVIEW ................................................................................................................................... 3
2.0 MANAGEMENT SYSTEM REGISTRATIONS .......................................................................................................................... 3
3.0 AUDIT ................................................................................................................................................................................ 3
4.0 MANAGEMENT RESPONSIBILITY ........................................................................................................................................ 4
5.0 QUALITY OVERVIEW .......................................................................................................................................................... 5
5.1 QUALITY MANAGEMENT SYSTEM ................................................................................................................................................. 7
5.2 SUPPLIER MANAGEMENT ............................................................................................................................................................ 7
5.3 DELIVERY ................................................................................................................................................................................. 8
5.4 SYSTEMS, POLICIES, AND PRACTICES .............................................................................................................................................. 9
5.5 RESPONSIVENESS ....................................................................................................................................................................... 9
5.6 TECHNOLOGY.......................................................................................................................................................................... 10
6.0 INFORMATION TECHNOLOGY DISASTER RECOVERY PRACTICES....................................................................................... 11
7.0 ENVIRONMENTAL MANAGEMENT SYSTEM / ISO 14001 .................................................................................................. 14
8.0 CREDIT REFERENCES ........................................................................................................................................................ 14
9.0 SUSTAINABILITY AND NO SURPRISES PLEDGE .................................................................................................................. 14
PolyOne Quality Survey Standard
Response
2015 12 09
Source: Corporate Quality
Page: 3 of 14
1.0 PolyOne Corporate: Overview
• To view the PolyOne Executive Leadership Team and the PolyOne Business Leadership, please visit the
following URL: http://www.polyone.com/company/about-us/company-officers
Corporate Department of Continuous Improvement (Quality Department)
Brett Warland Director of Process Improvement 440-930-3318
Jake Kucbel Corporate Quality Engineer 440-930-1557
SIC / NAICS Codes and Descriptions for PolyOne Businesses
3087 325991 Customer compounding of purchased resins
2821 325211 Plastic material and resin manufacturing
2851 325510 Paint and coating manufacturing (Specialty Coatings)
5162 422610 Plastic materials wholesalers (POD)
326199 Composites (Glasforms)
DUNS# 84-508-2861 PolyOne Corporate at PolyOne Center
Federal ID# 34-1730488
• Company Longevity: As PolyOne, since 9/1/2000.
Predecessors MA Hanna and The Geon Company, over
100 years.
2.0 Management System Registrations
For more information regarding our Management System certifications, please refer to our website at
http://www.polyone.com/company/sustainability/environmental/global-iso-certificate-library
3.0 Audit
PolyOne is open to permitting an audit of PolyOne facilities, subject to:
• Advanced notice of minimum thirty (30) days, or as otherwise specified by individual facility’s audit
governance