https://www.avient.com/sites/default/files/2020-10/auto-injector-application-study.pdf
What services and innovative
polymer solutions could you
leverage to solve challenges in
your next generation designs?
Our services go beyond what our customers need.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Operational%2520Excellence.pdf
Kedrowski
Page 38
Operational Excellence
• Operational Excellence is a never-ending quest
for improvement in response to the voice of our
customers and shareholders
• It is all about strengthening our capabilities to
deliver value flawlessly to our customers deliver value flawlessly to our customers
• It challenges us to enhance our
productivity, profitability, and efficiency
in all phases of our business, from
safety to quality to waste elimination
to environmental stewardship
Page 39
Lean Six Sigma Initiative
• In 2009, Lean Six Sigma was launched to
improve execution skills across all
businesses, functions, and global regions
• A company-wide diagnostic was
conducted, resulting in identification of six conducted, resulting in identification of six
strategic improvement platforms
• Financial targets were estimated,
resources identified and trained
results delivered
,
Page 40
PolyOne OSHA Recordable Incidence Rate
4
5
6
5.1
Safety Performance
*Rubber And Plastics Manufacturing Industry (2010 Bureau of Labor Statistics).
0
1
2
3
2005 2006 2007 2008 2009 2010 2011 Industry
Average
1.4 1.3
1.1 1.1 0.85 0.65
0.57
Page 41
• Exemplary on-time delivery
• Best-in-class working capital
% of sales
81%
87%
88%
95%
93%
92%
94%
2005 2006 2007 2008 2009 2010 2011
On-Time Delivery*
Lean Six Sigma Delivering Results
• Approximately $200M in
cash driven by working
capital improvements
16.2%
14.4%
18.9%
11.7%
9.6% 9.6%
2006 2007 2008 2009 2010 2011
WC % of Sales
2005 2006 2007 2008 2009 2010 2011
*As measured to customer request date
Page 42
40.0%
Percent of Associates
Trained in LSS
World’s Best Start-up
Program in 2009*
World’s Best Business Process
Excellence Program in 2012*
Award-Winning Lean Six Sigma Program
*Both awards received from International Quality and Productivity Center
16.5%
40.0%
2009 2011
Page 43
• Globally leverage strategic supplier
management best practices
• Implement world class demand
management processes
Critical Imperatives
• Improve operational reliability and efficiencies
• Optimize global freight management
Drive 50 – 100 basis points of gross margin expansion per year
Page 44
Page 45
https://www.avient.com/sites/default/files/2020-10/tpe-injection-molding-guide.pdf
Thick sections should be cored out to minimize shrinkage and reduce part weight
(and cycle time)
To resolve them, you must determine what has changed and
restore the process to its proper balance.
Dimensions Out of Specification
Loss of control of shrinkage.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Press Release.pdf
Each of such adjustments has not yet occurred, are out of the company's control
and/or cannot be reasonably predicted.
Three Months Ended
September 30,
Nine Months Ended
September 30,
Reconciliation to Consolidated Statements of Income 2023 2022 2023 2022
Sales $ 753.7 $ 823.3 $ 2,423.8 $ 2,606.5
Gross margin - GAAP 195.3 195.4 683.6 710.7
Special items in gross margin (Attachment 3) 40.2 31.8 62.4 35.6
Adjusted gross margin $ 235.5 $ 227.2 $ 746.0 $ 746.3
Adjusted gross margin as a percent of sales 31.2 % 27.7 % 30.8 % 28.6 %
Operating income - GAAP 34.3 40.6 153.7 242.9
Special items in operating income (Attachment 3) 41.0 40.2 89.9 48.8
Adjusted operating income $ 75.3 $ 80.8 $ 243.6 $ 291.7
Adjusted operating income as a percent of sales 10.0 % 9.8 % 10.1 % 11.2 %
Three Months Ended
September 30,
Nine Months Ended
September 30,
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022 2023 2022
Net income from continuing operations – GAAP $ 5.1 $ (27.8) $ 48.7 $ 99.7
Income tax (benefit) expense (0.1) (1.2) 18.0 41.5
Interest expense, net 30.3 37.3 88.5 70.4
Depreciation and amortization 46.4 39.8 144.5 113.7
EBITDA from continuing operations $ 81.7 $ 48.1 $ 299.7 $ 325.3
Special items, before tax 43.2 82.0 92.2 89.6
Interest expense included in special items (2.2) (10.0) (2.2) (10.0)
Depreciation and amortization included in special items — (0.8) (1.9) (4.0)
Adjusted EBITDA $ 122.7 $ 119.3 $ 387.8 $ 400.9
Adjusted EBITDA as a % of sales 16.3 % 14.5 % 16.0 % 15.4 %
NEWS RELEASE
Attachment 1
https://www.avient.com/sites/default/files/2023-07/AVNT Q2 2023 Earnings Press Release%5B43%5D.pdf
Each of such adjustments has not yet occurred, are out of the Company's control and/or cannot
be reasonably predicted.
Three Months Ended
June 30,
Six Months Ended
June 30,
Reconciliation to Consolidated Statements of Income 2023 2022 2023 2022
Sales $ 824.4 $ 891.0 $ 1,670.1 $ 1,783.2
Gross margin - GAAP 240.7 260.9 488.3 515.3
Special items in gross margin (Attachment 3) 14.2 (2.0) 22.2 3.8
Adjusted gross margin $ 254.9 $ 258.9 $ 510.5 $ 519.1
Adjusted gross margin as a percent of sales 30.9 % 29.1 % 30.6 % 29.1 %
Operating income - GAAP 62.3 100.1 119.4 202.3
Special items in operating income (Attachment 3) 21.8 1.8 48.9 8.6
Adjusted operating income $ 84.1 $ 101.9 $ 168.3 $ 210.9
Adjusted operating income as a percent of sales 10.2 % 11.4 % 10.1 % 11.8 %
Three Months Ended
June 30,
Six Months Ended June
30,
Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022 2023 2022
Net income from continuing operations – GAAP $ 22.3 $ 62.8 $ 43.6 $ 127.5
Income tax expense 10.4 22.7 18.1 42.7
Interest expense, net 29.4 16.2 58.2 33.1
Depreciation and amortization 47.6 36.5 98.1 74.3
EBITDA from continuing operations $ 109.7 $ 138.2 $ 218.0 $ 277.6
Special items, before tax 21.7 0.9 49.0 7.6
Depreciation and amortization included in special items (0.1) (1.1) (1.9) (3.2)
Adjusted EBITDA $ 131.3 $ 138.0 $ 265.1 $ 282.0
Adjusted EBITDA as a % of sales 15.9 % 15.5 % 15.9 % 15.8 %
NEWS RELEASE
Attachment 1
https://www.avient.com/products/vinyl-formulations
Weigh the pros and cons in these seven key categories
More
Odor-free Flexible Vinyl Formulation
Find out how a US manufacturer expanded to the Japanese market with an odor-free flexible vinyl formulation.
https://www.avient.com/idea/i-ilsan-saves-time-money-self-lubricating-polymer
If a bushing gave out, production had to stop.
https://www.avient.com/sites/default/files/2023-10/Syncure XLPE 200 Series DBDPE-free Grades Product Bulletin.pdf
This literature shall NOT operate as permission, recommendation, or inducement to practice any patented invention without permission of the patent owner.
1.844.4AVIENT
www.avient.com
System
Syncure XLPE
S200FH
Syncure XLPE
S200FV
Applications
Building Wire, Tray Cable,
Service Entrance
Building Wire, Tray Cable,
Service Entrance
Specification UL 44 UL 44
Wire Type
RHW-2, RHW, RHH, XHHW-2,
XHH, XHHW, SIS
RHW, RHH, RHW-2
Components
78% S1054A
22% SC5400-0002 RoHS
MB ALT FR
50% S1054A
50% SC5400-0003 RoHS
MB ALT FR
Features Horizontal Flame, DBDPE-free VW-1, DBDPE-free
General Properties
Specific Gravity (g/cm3) 1.01 1.31
Hardness Shore D, 10sec 47 48
Gel % 68 70
Tensile Properties
Tensile Strength (psi) 2800 3200
Elongation % 400 470
Tensile Retention % 95 100
Elongation Retention % 90 93
Electrical
Dielectric Strength (V/mil) 1000 1200
Dielectric Constant 2.31 2.61
Dissipation Factor % 0.0012 0.0043
Thermal
Temperature Rating °C 90 90
Heat Deformation % 10 5
TECHNICAL PROPERTIES
https://www.avient.com/sites/default/files/2021-06/afip-administracion-federal-de-ingresos-publicos.pdf
Mes de inicio: 10/2015
Mes de cierre ejercicio comercial: 12
DOMICILIO FISCAL - AFIP
Vigencia de la presente constancia: 29-06-2021 a 29-07-2021 Hora 11:48:03 Verificador 102744316377
Los datos contenidos en la presente constancia deberán ser validados por el receptor de la misma en la página institucional de AFIP http://www.afip.gob.ar.
https://www.avient.com/careers/career-opportunities
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