https://www.avient.com/sites/default/files/resources/HIGH_PERFORMANCE_CLEAR_THERMOPLASTICS_ELASTOMER.pdf
One example is such a blend is SEBS with
polypropylene (PP).
PP is compatible with
midblock of SEBS.
Figure 1 shows the TEM of two of SEBS/oil/PP
compound (1).
https://www.avient.com/sites/default/files/2020-10/excelite-im-product-bulletin-americas-1.pdf
PP, PE,
PS, PVC
No Good
Foam PP
Better, larger cells with lower cell
density in standard IM processes;
suitable for cell nucleation in
structural foam processing
PP, PE,
PS, PVC
Yes Better
FA-110
Best cell structure with higher cell
density; provides better structural
integrity and lower density in
standard IM processes
PP, PE,
PS, PVC
Yes Best
KEY CHARACTERISTICS
Excelite IM formulations provide
injection molders with:
• Material density and weight reduction
• High concentration of active CFA
• Improved distribution of CFA into
polymer matrix
• High cell density with tight cell structure
• Control over consistency and accuracy
• Reduced sink marks
• Ability to improve flow of material
• Cycle time reduction
• Improved dimensional stability
• Improved thermal insulation
EXCELITE IM – PRODUCT FORMULATIONS
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2023-05/MagIQ Nonwoven Electret Additives Application Bulletin.pdf
STRUCTURE MATERIAL TECHNIQUE FUNCTION
S (Spunbond)
outer layer
PP
Nonwoven
Spunbond
Waterproof, prevents
droplets from sticking
M (Meltblown)
middle layer
PP
Nonwoven
Meltblown
Filtration of microbes,
particles and droplets
in the air
S (Spunbond)
outer layer
PP
Nonwoven
Spunbond
Water absorption, absorbs
water vapor from breath
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2022-12/reSound Ultra Low Carbon Footprint TPE Product Bulletin_0.pdf
KEY CHARACTERISTICS
• Negative, neutral, or low PCF
• Available in 60 and 80 Shore A
• Performs like traditional TPEs
• Naturally opaque and easy to color
• Suitable to injection mold, or overmold onto
PP and PE
MARKETS & APPLICATIONS
The portfolio of reSound ultra-low carbon footprint
TPEs is ideal for brand owners and manufacturers
who prefer to use a more sustainable material in
personal care, household appliance, consumer
electronics, and consumer packaging applications.
PRODUCT BULLETIN
reSound RS0200-9001 80 reSound RS0200-9001 60
Manufacturing Plant Location Gaggenau McHenry Suzhou Gaggenau McHenry Suzhou
Cradle-to-Gate PCF* -0.46 -0.40 -0.40 -0.09 -0.03 -0.02
Hardness, Shore A 80 60
Overmold Substrate PP, PE PP, PE
TECHNICAL PROPERTIES
COMPARISON TO ALTERNATIVES
Greenhouse gas (GHG) emissions from cradle-to-gate production
1.844.4AVIENT
www.avient.com
Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/resources/POL%2520KeyBanc%2520IR%2520Presentation%2520w%2520non-GAAP%252009%252010%25202013.pdf
Use of Non GAAP Measures
Page 3
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
PolyOne S&P 500
Strategy and Execution Drive Results
Page 4
All time closing high of
$29.48
August 1, 2013
• 15 consecutive quarters of
double digit EPS growth
• 42% CAGR adjusted EPS
expansion 2006-2012
• YTD stock price has
increased 42% versus 20%
growth in the S&P
• 275% increase in market cap:
$0.7b $2.6b since 2006
The World’s Premier Provider of Specialized
Polymer Materials, Services & Solutions
Four Pillar Strategy
Page 5
PP&S
15%
Specialty
60%
Distribution
25%
0.12
0.27 0.21
0.13
0.68
0.82
1.00
2.50
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
2006 2007 2008 2009 2010* 2011* 2012* 2015
Target
A
dj
us
te
d
Ea
rn
in
gs
P
er
S
ha
re
Appliance
6%
Building &
Construction
13%
Wire & Cable
9%
Electrical &
Electronics
4%
Consumer
9%
Packaging
18%
Industrial
10%
Misc.
5%
HealthCare
9%
Transportation
16%
Textiles
1%
United
States
70%
Europe
14%
Canada
8%
Asia
5%
Latin
America
3%
2012 Revenues: $4.0 Billion*
End Markets*
2012 Revenues: $4.0 Billion*
EPS
Page 6
* Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms & excludes discontinued operations
PolyOne
At A Glance
* Restated to exclude discontinued operations
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
**Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and excludes discontinued operations
2%
34%
43% 45%
60%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2012 2012 PF** 2015
%
o
f O
pe
ra
ti
ng
In
co
m
e*
JV's PP&S Distribution Specialty
Specialty OI $5M $46M $87M $114M $150M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 7
2006 H1 2013 2015
Where we were Where we are
Organic Consolidated
Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.7% 12.6% 12 – 16%
Global Specialty Engineered
Materials 1.1% 10.9% 9.2% 12 – 16%
Designed Structures & Solutions — — 4.4% 8 – 10%
Performance Products &
Solutions 5.4% 8.1% 8.2% 9 – 12%
Distribution 2.6% 6.1% 6.1% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 62% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.4% 15%
4) Adjusted EPS Growth N/A 26%
Double Digit
Expansion
Proof of Performance & 2015 Goals
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 8
*Percentage of Specialty Platform revenue from products introduced in last five years
19.5%
46.5%
2006 Q2 2013
$20.3
$44.7
2006 TTM
Q2'13
14.3%
31.1%
2006 Q2 2013
Research & Development
Spending
Specialty Platform
Vitality Index Progression*
Innovation Drives Earnings Growth
($ millions)
Specialty Platform
Gross Margin %
Page 9
We are Experts in Polymer Science and Formulation
Polymer Science
Formulation
Chemistry
Processing
Inputs
Base Resins
Additives
Modifiers
Colorants
Specialized
Polymer Materials,
Services, and Solutions
Expertise
Satisfied
Consumers
PolyOne Customer
Innovative
Products & Services
Marketplace Demands
Performance Requirements
Value Drivers
Page 10
Positioned for Strong Growth
2015 Target
Rev: $5B
Adj.
EPS: $2.50
Assumptions
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Completion of 2-3 midsize
accretive acquisitions
• Housing starts at 85% of 50 year
norm by 2015
• Mid single digit revenue CAGR
• Remain comfortably below 3X Net
Debt / EBITDA
Page 11
2012
Rev: $2.9B
Adj.
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.
https://www.avient.com/sites/default/files/2022-11/Versaflex CL-Serum collection cartridge-Application Snapshot.pdf
A LIFE SCIENCE
COMPANY
S E R U M C O L L E C T I O N
C A R T R I D G E
• Excellent clarity
• Good bonding and peel strength onto PP
• Heat resistance
• Meet sterilization needs
• Easy processing
• Formulated transparent Shore 50A TPE with
excellent adhesion onto PP and good
sealing performance
• Met regulatory requirements for USP Class
VI and ISO 10993-4,5
• Provided a short lead time and on-site
technical service
Versaflex™ CL Thermoplastic Elastomers
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-11/polystrand-product-selection-guide_0.pdf
POLYSTRAND
CONTINUOUS FIBER
REINFORCED
THERMOPLASTIC
TAPES & LAMINATES
™
PRODUCT SELECTION GUIDE
Material Min FinishedSlit Width
Max Finished
Slit Width
Unidirectional Tape 2” (50.8 mm) 24” (610 mm)
X-Ply™, 3-Ply, 4-Ply 2” (50.8 mm) 120” (3048 mm)
SLITTING CAPABILITIES
Max Unfinished Width Max Finished Slit Width Max Finished Roll Weight Max Roll Length (X-Ply™, Full Width)
Up to 125"
(3175 mm)
Up to 120"
(3048 mm)
Up to 10,000 lbs
(4500 kg)
Up to 4,000 ft
(1200 m)
LAMINATION LINE CAPABILITIES
Tape Width Resin Capabilities Fiber Inputs Max Tape Roll Weight Max Roll Length
25" (635 mm)
Standard Width,
Slit Capabilities
PP, PE, PETG,
aPET, PA6
Additional polymers
in development
E-Glass
S-Glass, Aramid
Up to 1,800 lbs
(816 kg)
Up to 12,000 ft
(366 m)
TAPE LINE CAPABILITIES
Product
Name Resin
Fiber
Content Areal Weight
Nominal
Thickness1
Flexural
Modulus
ASTM D790
Flexural
Strength
ASTM D790
Tensile
Modulus
ASTM D3039
Tensile
Strength
ASTM D3039
wt % lb/ft2 oz/yd2 gsm in mm ksi GPa ksi MPa ksi GPa ksi MPa
6337
PP
63 0.10 14.75 500 0.015 0.38 3570 24.6 58 402 4010 27.6 111 765
6531
65
0.05 7.40 251 0.006 0.15 4020 27.7 73 505 4900 33.8 140 965
6536 0.07 10.32 350 0.009 0.23 4050 27.9 72 494 4500 31.0 131 903
6538 0.14 19.77 670 0.019 0.48 3540 24.4 47 324 4260 29.4 100 689
7034B PP-Black 70 0.07 10.24 347 0.009 0.23 4400 30.3 83 569 5000 34.5 111 765
6020
PE
60 0.08 11.95 405 0.012 0.30 3600 24.8 54 372 3800 26.2 109 752
6621 66 0.10 13.97 474 0.012 0.30 4000 27.6 55 379 4720 32.5 126 869
68222 68 0.16 23.34 791 0.022 0.56 4060 28.0 55 379 4560 31.4 113 779
5843 PETG 58 0.08 11.85 402 0.008 0.20 3680 25.4 90 621 4400 30.3 137 945
5840B aPET-Black 58 0.09 13.00 441 0.009 0.23 4120 28.4 107 738 5080 35.0 150 1034
5860B PA6-Black 58 0.08 11.48 389 0.010 0.25 3620 25.0 104 717 3970 27.4 108 745
TYPICAL PROPERTIES - UNIDIRECTIONAL FIBERGLASS REINFORCED THERMOPLASTIC TAPE
1 Nominal thicknesses indicated are baseline values that may vary depending on material processing and other variables.
TYPICAL PROPERTIES - MULTI-AXIAL LAMINATES
0° Testing Orientation 90° Testing Orientation
Product
Name Resin
Fiber
Content
Laminate Layers
& Orientation Areal Weight
Nominal
Thickness1
Flexural Modulus
ASTM D790
Flexural Strength
ASTM D790
Tensile Modulus
ASTM D3039
Tensile Strength
ASTM D3039
Flexural Modulus
ASTM D790
Flexural Strength
ASTM D790
Tensile Modulus
ASTM D3039
Tensile Strength
ASTM D3039
wt % lb/ft2 oz/yd2 gsm in mm ksi GPa ksi MPa ksi GPa ksi MPa ksi GPa ksi MPa ksi GPa ksi MPa
6337
PP
63
0/90 0.20 29.49 1000 0.031 0.79 - - - - 2020 13.9 59.7 412 - - - - 2020 13.9 59.7 412
0/90/0 0.31 44.24 1500 0.045 1.14 2250 15.5 46.4 320 3070 21.2 79.4 547 186 1.3 9.7 67 1330 9.2 39.6 273
0/90/90/0 0.41 58.98 2000 0.057 1.45 2000 13.8 44.0 303 2400 16.5 60.6 418 496 3.4 20.7 143 2210 15.2 56.4 389
6531
65
0/90 0.10 14.80 502 0.014 0.36 - - - - 2240 15.4 60.9 420 - - - - 2240 15.4 60.9 420
0/90/0 0.15 22.20 753 0.020 0.50 2650 18.3 58.3 402 3100 21.4 82.8 571 280 1.9 NB2 NB2 1670 11.5 42.5 293
0/90/90/0 0.21 29.61 1004 0.027 0.68 2260 15.6 51.5 355 2470 17.0 62.2 429 580 4.0 30.4 210 2310 15.9 59.6 411
6536
0/90 0.14 20.71 702 0.021 0.53 - - - - 1980 13.7 60.5 417 - - - - 1980 13.7 60.5 417
0/90/0 0.22 31.06 1053 0.029 0.74 2309 15.9 48.3 333 2730 18.8 81.5 562 245 1.7 13.0 90 1490 10.3 44.3 305
0/90/90/0 0.29 41.41 1404 0.037 0.94 2164 14.9 47 324 2170 15.0 59.6 411 512 3.5 25.4 175 2340 16.1 71.2 491
6538
0/90 0.27 39.54 1341 0.034 0.86 - - - - 2220 15.3 60.0 414 - - - - 2220 15.3 60.0 414
0/90/0 0.41 59.53 2018 0.057 1.44 2825 19.5 40.9 282 2780 19.2 67.6 466 218 1.5 10.2 70 1410 9.7 40.0 276
0/90/90/0 0.55 79.37 2691 0.073 1.85 1880 13.0 32.4 223 2060 14.2 54.0 372 478 3.3 18.0 124 2360 16.3 61.0 421
7034B PP-Black 70
0/90 0.14 20.48 694 0.016 0.40 - - - - 2680 18.5 62.0 427 - - - - 2680 18.5 62.0 427
0/90/0 0.21 30.72 1041 0.028 0.71 1750 12.1 55.9 385 3710 25.6 75.1 518 160 1.1 11.3 78 1440 9.9 36.2 250
0/90/90/0 0.28 40.95 1388 0.036 0.90 1700 11.7 40.4 279 2800 19.3 55.7 384 432 3.0 25.4 175 2350 16.2 52.4 361
6020
PE
60
0/90 0.17 23.90 810 0.023 0.57 - - - - 1830 12.6 52.00 359 - - - - 1830 12.6 52.0 359
0/90/0 0.25 35.86 1216 0.033 0.84 2265 15.6 40.0 276 2740 18.9 68.2 470 181 1.2 10.0 69 1350 9.3 35.3 243
0/90/90/0 0.33 47.81 1621 0.044 1.12 1810 12.5 30.0 207 2000 13.8 48.0 331 502 3.5 22.0 152 1820 12.5 46.0 317
6621 66
0/90 0.19 27.94 947 0.025 0.65 - - - - 2280 15.7 60.0 414 - - - - 2280 15.7 60.0 414
0/90/0 0.29 41.90 1421 0.040 1.01 2490 17.2 37.0 255 2900 20.0 70.0 483 165 1.1 9.7 67 1440 9.9 38.0 262
0/90/90/0 0.39 55.87 1894 0.053 1.35 1810 12.5 29.0 200 2160 14.9 58.0 400 508 3.5 21.0 145 2170 15.0 53.0 365
5843 PETG 58
0/90 0.16 23.70 804 0.020 0.50 - - - - 2050 14.1 59.6 411 - - - - 2050 14.1 59.6 411
0/90/0 0.25 35.55 1205 0.030 0.76 2800 19.3 89.0 614 2900 20.0 78.0 538 397 2.7 NB2 NB2 1580 10.9 42.5 293
0/90/90/0 0.33 47.40 1607 0.039 0.99 2540 17.5 72.0 496 2300 15.9 57.7 398 780 5.4 35.0 241 2170 15.0 63.0 434
5840B aPET-Black 58
0/90 0.18 26.01 882 0.021 0.53 - - - - 2530 17.4 55.3 381 - - - - 2530 17.4 55.3 381
0/90/0 0.27 39.01 1323 0.032 0.82 2986 20.6 91.1 628 3160 21.8 68.7 474 252 1.7 20.0 138 1580 10.9 36.9 254
0/90/90/0 0.36 52.01 1763 0.042 1.07 3065 21.1 73.1 504 2570 17.7 54.2 374 813 5.6 37.0 255 2440 16.8 55.6 383
5860B PA6-Black 58
0/90 0.16 22.95 778 0.021 0.52 - - - - 2190 15.1 56.00 386 - - - - 2190 15.1 56.0 386
0/90/0 0.24 34.43 1167 0.034 0.86 2510 17.3 117.0 807 2760 19.0 63.7 439 657 4.5 22.2 153 1630 11.2 39.7 274
0/90/90/0 0.32 45.91 1556 0.046 1.18 2210 15.2 106.0 731 2090 14.4 45.6 314 1110 7.7 50.8 350 2150 14.8 57.4 396
1 Nominal thicknesses indicated are baseline values that may vary depending on material processing and other variables.
https://www.avient.com/sites/default/files/2023-04/Smartbatch Color and Additives - Lower Bumper - Application Snapshot.pdf
AUTOMOTIVE OEM
L O W E R E X T E R I O R B U M P E R
• Develop a new color for molded-in-color plastics
• Create ‘Wow’ effect without chroming or paint
• Provide metallic aspect with good UV resistance for
exterior part
• Developed new “gris megalithe” color for PP
(AS1) utilizing Avient Design center
• Produced master plaques to showcase new color
• Accelerated testing to certify outstanding
weathering resistance
• Collaborated across the supply chain to optimize
metallic effect in the final part
Smartbatch™ Combination Colorants &
Additives
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-05/Hydrocerol Chemical Foaming Agents - Tailgate Trim - Application Snapshot.pdf
AUTOMOTIVE OEM
T A I L G A T E T R I M
• Reduce part weight
• Suitable solution for PP talcum-filled material
• Class A surface finish
• Compatible with core-back injection molding process
• Offered a broad portfolio of solutions
• Provided technical support to help with product
selection and processing parameters
• Reduced part weight by 18%
• Decreased cycle time by 8%
• Enabled good surface appearance for the tailgate
trim
Hydrocerol™ Chemical Foaming Agents
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2021-10/dynaflex-knee-brace-case-study-one-pager.pdf
H E A LT H C A R E D E V I C E
M A N U FAC T U R E R
W E B K N E E B R A C E
• Good bonding to polypropylene (PP)
• Flexible and soft-touch feel
• Skin contact, general FDA compliance
• Good tensile strength and resilience
• Excellent colorability
• Offered material that passed the required
FDA regulations
• Provided high elasticity memory and ultra
soft tactile finish to meet the comfort and
pleasant surface feeling requirements
• Delivered TPE with easy and stable
processing and colorability
DynaflexTM Thermoplastics Elastomer
KEY REQUIREMENTS
WHY AVIENT?