While our second quarter is seasonally our strongest, we expect to deliver strong year-over-year double-digit EPS expansion for the balance of 2014. Net cash provided (used) by operating activities Net cash used by investing activities

Frankland, “How Fillers Impact Extrusion Processing,” Plastics Technology (Nov. 2011), www.ptonline.com/columns/how-fillers-impact-extrusion-processing Graphene is a flat, single layer of carbon atoms in sheet form that is significantly stronger than steel.3 It has a high surface area-to-volume ratio, high tensile strength (how much it can stretch before it breaks), and high electron mobility (the speed at which its electrons move when voltage is applied).4 Graphene is not a new material, but it recently became commercially available and is now being used as a polymer additive. Use an extruder feed throat that is 2 feet 6 inches long or longer to avoid bridging, and use general purpose metering screws (not mixing screws) with deep flights.

Frankland, “How Fillers Impact Extrusion Processing,” Plastics Technology (Nov. 2011), www.ptonline.com/columns/how-fillers-impact-extrusion-processing Graphene is a flat, single layer of carbon atoms in sheet form that is significantly stronger than steel.3 It has a high surface area-to-volume ratio, high tensile strength (how much it can stretch before it breaks), and high electron mobility (the speed at which its electrons move when voltage is applied).4 Graphene is not a new material, but it recently became commercially available and is now being used as a polymer additive. Use an extruder feed throat that is 2 feet 6 inches long or longer to avoid bridging, and use general purpose metering screws (not mixing screws) with deep flights.

Frankland, “How Fillers Impact Extrusion Processing,” Plastics Technology (Nov. 2011), www.ptonline.com/columns/how-fillers-impact-extrusion-processing Graphene is a flat, single layer of carbon atoms in sheet form that is significantly stronger than steel.3 It has a high surface area-to-volume ratio, high tensile strength (how much it can stretch before it breaks), and high electron mobility (the speed at which its electrons move when voltage is applied).4 Graphene is not a new material, but it recently became commercially available and is now being used as a polymer additive. Use an extruder feed throat that is 2 feet 6 inches long or longer to avoid bridging, and use general purpose metering screws (not mixing screws) with deep flights.

Frankland, “How Fillers Impact Extrusion Processing,” Plastics Technology (Nov. 2011), www.ptonline.com/columns/how-fillers-impact-extrusion-processing Graphene is a flat, single layer of carbon atoms in sheet form that is significantly stronger than steel.3 It has a high surface area-to-volume ratio, high tensile strength (how much it can stretch before it breaks), and high electron mobility (the speed at which its electrons move when voltage is applied).4 Graphene is not a new material, but it recently became commercially available and is now being used as a polymer additive. Use an extruder feed throat that is 2 feet 6 inches long or longer to avoid bridging, and use general purpose metering screws (not mixing screws) with deep flights.

Frankland, “How Fillers Impact Extrusion Processing,” Plastics Technology (Nov. 2011), www.ptonline.com/columns/how-fillers-impact-extrusion-processing Graphene is a flat, single layer of carbon atoms in sheet form that is significantly stronger than steel.3 It has a high surface area-to-volume ratio, high tensile strength (how much it can stretch before it breaks), and high electron mobility (the speed at which its electrons move when voltage is applied).4 Graphene is not a new material, but it recently became commercially available and is now being used as a polymer additive. Use an extruder feed throat that is 2 feet 6 inches long or longer to avoid bridging, and use general purpose metering screws (not mixing screws) with deep flights.

Frankland, “How Fillers Impact Extrusion Processing,” Plastics Technology (Nov. 2011), www.ptonline.com/columns/how-fillers-impact-extrusion-processing Graphene is a flat, single layer of carbon atoms in sheet form that is significantly stronger than steel.3 It has a high surface area-to-volume ratio, high tensile strength (how much it can stretch before it breaks), and high electron mobility (the speed at which its electrons move when voltage is applied).4 Graphene is not a new material, but it recently became commercially available and is now being used as a polymer additive. Use an extruder feed throat that is 2 feet 6 inches long or longer to avoid bridging, and use general purpose metering screws (not mixing screws) with deep flights.

Frankland, “How Fillers Impact Extrusion Processing,” Plastics Technology (Nov. 2011), www.ptonline.com/columns/how-fillers-impact-extrusion-processing Graphene is a flat, single layer of carbon atoms in sheet form that is significantly stronger than steel.3 It has a high surface area-to-volume ratio, high tensile strength (how much it can stretch before it breaks), and high electron mobility (the speed at which its electrons move when voltage is applied).4 Graphene is not a new material, but it recently became commercially available and is now being used as a polymer additive. Use an extruder feed throat that is 2 feet 6 inches long or longer to avoid bridging, and use general purpose metering screws (not mixing screws) with deep flights.

Hanna consolidate • Cultures clash – commodity wins • Dependent on income derived from commodity joint ventures The First 6 Years • Globally organized along three strategic platforms • Non-core equity investment dispositions • Talent upgrades, discipline instilled throughout organization • New CEO hired to transform POL into specialty business �18 of 20 officers new • Implemented four pillar strategy • Nearly 50% of The Second 6 Years History of PolyOne – A Transformation • Focused on increasing volume, not profits • Heavily tied to cyclical markets 2000 2006 2012 The FormationThe Formation The TransformationThe Transformation The New PolyOneThe New PolyOne organization • Demonstrated ability to deliver • Nearly 50% of business operating income derived from Specialty Platform* • Specialty assets acquired *Pro forma for ColorMatrix acquisition Page 8 30% 50% 70% 90% $10 $12 $14 $16 $18 PolyOnePolyOne Stock Price S&P 500 (relative performance) Strategy and Execution Drive Results | | | | -50% -30% -10% 10% 30% $0 $2 $4 $6 $8 $10 2006 2007 2008 2009 2010 2011 2012 Page 9 Four Pillar Strategy The World’s Premier Provider of Specialized Polymer Materials, Services & Solutions Page 10 60% 80% 100% % o f O p e ra ti n g I n co m e * Old PolyOne Transformation 2012 Target “What We Said” Mix Shift Highlights Specialty Transformation Ahead of Schedule *Operating Income excludes Corporate Charges ** Pro Forma for the acquisition of ColorMatrix and divestiture of SunBelt 2% 34% 42% 50% >50% 0% 20% 40% 2005 2008 2011 2011** 2012 % o f O p e ra ti n g I n co m e * JV's PP&S Distribution Specialty Specialty OI $5M $46M $89M $117M “What We Said” Page 11 2007 2012 Target 2011 “Where we were” “What we said” “Where we are” 1) Operating Income % Specialty 3.2% 10% - 12% 8.9% PP&S 6.1% 8% - 10% 7.2% Pro forma ColorMatrix Proof of Performance Distribution 3.0% 4% - 5% 5.6% 2) Specialty Platform sss% of Operating Income 20% >50% 50% 3) Specialty Vitality Index 21% 35% - 40% 49% 4) ROIC* (pre-tax) 11% >15% 16% 5) Sales outside the US 37% >40% 40% *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period Page 12 2011 Pro forma ColorMatrix 2015 Target “Where we are” “Where we expect to be” 1) Operating Income % Specialty 8.9% PP&S 7.2% 12 – 16% 9 – 12% Elevating our Expectations and Yours PP&S 7.2% Distribution 5.6% 2) Specialty Platform % of Operating Income 50% 3) ROIC* (after-tax) 10% 4) Adjusted Annual EPS Growth 3 yr CAGR = 71% 9 – 12% 6 – 7.5% 65 – 75% 15% Double Digit Expansion *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period Page 13 • Four pillar strategy, coupled with our ability to execute is driving results • Strong leadership team driving growth & executing • Innovation and services provide differentiation and How do we get there?

Newlin Former Executive Chairman How Pay is Tied to Company Performance. How our compensation programs contribute to our Company’s success is described below. The peers used in this graph include those used forff 2016 compensation decisions and listed in the “Executive Compensation Philosophy and Objectives” section of this proxy statement.