https://www.avient.com/sites/default/files/resources/8.31.19%2520Investor%2520Presentation.pdf
Investor Day
P O L Y O N E
I N V E S T O R
P R E S E N T A T I O N
A U G U S T 2 0 1 9
F O R W A R D L O O K I N G S T A T E M E N T S
PolyOne Corporation 2
•
•
•
•
•
•
•
•
•
•
U S E O F
N O N - G A A P
M E A S U R E S
PolyOne Corporation 3
•
•
•
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
Injuries per 100 Workers
Spartech
Acquisition
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
0.51
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
PolyOne Corporation 6
P O L Y O N E
2 0 1 8 R E V E N U E | $ 3 . 5 B I L L I O N
Transportation
17%
Industrial
15%
Consumer
12%
Packaging
11%
Wire & Cable
10%
Appliance
5%
United States
57%
Europe
16%
Asia
10%
Latin
America
10%
Canada
7%
Distribution
35%
Performance Products &
Solutions 19%
Specialty
Engineered
Materials
17%
Color
Additives &
Inks 29%
Segment End Market Geography
Building &
Construction
11%
Electrical &
Electronics
6%
Healthcare
13%
2009 2010 2011 2012 2013 2014 2015 2016* 2017* 2018
$2.43
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
9
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
2006 2018
ROIC** 5.0% 14.1%
Operating Income
% of Sales
Color, Additives &
Inks
1.7% 15.1%
Specialty Engineered
Materials
1.1% 11.2%
Performance
Products
& Solutions
4.3% 10.0%
Distribution 2.6% 5.6%
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
strategic acquisitions
Innovate
600K-1M
commercial
resources 5-7%
Double acquired
margins
Lean Six Sigma
commercial excellence
531
710
130
164
504
663
2014 2018
R&D / Technical Marketing Sales
PolyOne Corporation 9
Increased commercial headcount
+ 34%
+ 26%
+ 32%
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
Sustained revenue increases led
by organic business
$2.9 $2.9
$3.2
$3.5
2015 2016 2017 2018
Total
+ 9%
Organic
+ 5%
Revenue in billions of $
Total
+ 10%
Organic
+ 7%
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
110% increase in leads (from 6,000 to 12,700) 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
24
2014 2018
Inside sellers
$11M
$109M
2014 2018
Inside sales/digital revenue
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 12
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 13
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Innovation comes from Research & Development Spend
Vitality Index
12%
35%
2006 2018
$20
$56
2006 2018
Transformational
Adjacent
Core
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 14
Market
Technical
I N N O V A T I O N
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 15
PrototypeFrame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
(since 2017)
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
6
11
4
4
3
2
28 0
5
10
7
2
5
5
Breakthrough
Platform
Derivative
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 16
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 17
Fiber
Polymer
Composite
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
Thermoplastic Composites
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2012 2015 20162009 2011 2018
PolyOne Corporation
2019
18
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 19
W A T E R C R A F TR A I L H E A V Y T R U C K
F I B E R - L I N E H I G H L I G H T S
PolyOne Corporation 20
$100M
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Customer
Value
Fiber-Line
Fiber Processing
Capabilities
Polymer Formulation
Capabilities
P O L Y O N E A P P L I C A T I O N S I N F I B E R O P T I C C A B L E S
PolyOne Corporation 21
•
•
•
•
•
•
•
•
•
F I B E R O P T I C A L G R O W T H D R I V E R S
PolyOne Corporation 22
5G Networks
10x
8x
5G vs. 4G
PolyOne Corporation 23
Safety Technology Geography Service FinancialPeople
8-10% with
ability to double
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 24
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!
Senior management
believes these measures are useful to investors because they allow for comparison to PolyOne's performance in prior periods without the effect of items that, by their nature,
tend to obscure PolyOne's operating results due to the potential variability across periods based on timing, frequency and magnitude.
https://www.avient.com/sites/default/files/resources/Investor%2520Presentation%2520May19.pdf
Investor Day
P O L Y O N E
I N V E S T O R
P R E S E N T A T I O N
M A Y 2 0 1 9
F O R W A R D L O O K I N G S T A T E M E N T S
PolyOne Corporation 2
•
•
•
•
•
•
•
•
•
•
U S E O F
N O N - G A A P
M E A S U R E S
PolyOne Corporation 3
•
•
•
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
Injuries per 100 Workers
Spartech
Acquisition
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
0.51
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
PolyOne Corporation 6
P O L Y O N E
2 0 1 8 R E V E N U E | $ 3 . 5 B I L L I O N
Transportation
17%
Industrial
15%
Consumer
12%
Packaging
11%
Wire & Cable
10%
Appliance
5%
United States
57%
Europe
16%
Asia
10%
Latin
America
10%
Canada
7%
Distribution
35%
Performance Products &
Solutions 19%
Specialty
Engineered
Materials
17%
Color
Additives &
Inks 29%
Segment End Market Geography
Building &
Construction
11%
Electrical &
Electronics
6%
Healthcare
13%
2009 2010 2011 2012 2013 2014 2015 2016* 2017* 2018
$2.43
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
9
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
2006 2018
ROIC** 5.0% 14.1%
Operating Income
% of Sales
Color, Additives &
Inks
1.7% 15.1%
Specialty Engineered
Materials
1.1% 11.2%
Performance
Products
& Solutions
4.3% 10.0%
Distribution 2.6% 5.6%
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
strategic acquisitions
Innovate
600K-1M
commercial
resources 5-7%
Double acquired
margins
Lean Six Sigma
commercial excellence
531
710
130
164
504
663
2014 2018
R&D / Technical Marketing Sales
PolyOne Corporation 9
Increased commercial headcount
+ 34%
+ 26%
+ 32%
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
Sustained revenue increases led
by organic business
$2.9 $2.9
$3.2
$3.5
2015 2016 2017 2018
Total
+ 9%
Organic
+ 5%
Revenue in billions of $
Total
+ 10%
Organic
+ 7%
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
110% increase in leads (from 6,000 to 12,700) 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
24
2014 2018
Inside sellers
$11M
$109M
2014 2018
Inside sales/digital revenue
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 12
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 13
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Innovation comes from Research & Development Spend
Vitality Index
12%
35%
2006 2018
$20
$56
2006 2018
Transformational
Adjacent
Core
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 14
Market
Technical
I N N O V A T I O N
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 15
PrototypeFrame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
(since 2017)
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
6
11
4
4
3
2
28 0
5
10
7
2
5
5
Breakthrough
Platform
Derivative
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 16
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 17
Fiber
Polymer
Composite
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
Thermoplastic Composites
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2012 2015 20162009 2011 2018
PolyOne Corporation
2019
18
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 19
W A T E R C R A F TR A I L H E A V Y T R U C K
F I B E R - L I N E H I G H L I G H T S
PolyOne Corporation 20
$100M
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Customer
Value
Fiber-Line
Fiber Processing
Capabilities
Polymer Formulation
Capabilities
P O L Y O N E A P P L I C A T I O N S I N F I B E R O P T I C C A B L E S
PolyOne Corporation 21
•
•
•
•
•
•
•
•
•
F I B E R O P T I C A L G R O W T H D R I V E R S
PolyOne Corporation 22
5G Networks
10x
8x
5G vs. 4G
PolyOne Corporation 23
Safety Technology Geography Service FinancialPeople
8-10% with
ability to double
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 24
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!
Senior management
believes these measures are useful to investors because they allow for comparison to PolyOne's performance in prior periods without the effect of items that, by their nature,
tend to obscure PolyOne's operating results due to the potential variability across periods based on timing, frequency and magnitude.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 9
https://www.avient.com/company/sustainability/people/community-service
https://www.avient.com/investors
http://endplasticwaste.org/
Strong Foundation,
Confident Future
Avient Corporation was originally established as PolyOne Corporation in 2000 through the
consolidation of two companies in the materials industr y.
A majority of associates have full-time contracts.
102–9 Supply chain Avient 2023 Annual Report—Form 10-K Page 5
102–10 Significant changes to the organization and its supply chain Avient 2023 Annual Report—Form 10-K Page 18
102–11 Precautionar y Principle or approach Avient 2023 Annual Report—Form 10-K Page 8–13
102–12 External initiatives
About Us—Who We Are Page 11
People—Security, Becoming an Even Better Place to Work Page 22, Page 36
Products—Strategic Partnerships and Alliances Page 50
102–13 Membership of associations Strategic Partnerships and Alliances Page 50
Strategy
102–14 Statement from senior decision-maker 2023 Sustainability Report—Message from the CEO Page 3
102–15 Key impacts, risks, and opportunities
Avient 2023 Annual Report—Form 10-K Page 8–13
Innovating for a Sustainable Future Page 38
Ethics & Integrity
102–16 Values, principles, standards, and norms of behavior
About Us—Who We Are Page 11
Avient 2023 Annual Report—Our Vision; Our Culture; Our Sustainability Guiding Principle and Four Cornerstones
102–17 Mechanisms for advice and concerns about ethics Performance—Ethics Hotline and Reporting Page 69
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 80
https://www.avient.com/products
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
GRI Standard Disclosure Title Avient Disclosures
General Disclosures
Governance
102–18 Governance structure
Performance—Board of Directors Governance Page 71
People—Environmental, Health & Safety Page 18
Avient 2023 Annual Report—Form 10-K Pages 14–15 & 68
Avient 2024 Proxy Statement—Pages 14–15
https://www.avient.com/investors/governance
102–20
Executive-level responsibility for economic, environmental, and
social topics
Performance—Board of Directors Governance Page 71
People—Environmental, Health & Safety Page 18
People—Training and Development Page 23
People—Diversity & Inclusion Page 24
Products—Product Stewardship Page 45
Products—Supplier Collaboration Page 48
https://www.avient.com/investors/governance
102–22 Composition of the highest governance body and its committees
Avient 2023 Annual Report—Form 10-K Pages 13–14, & 65
Performance—Board of Directors Governance Page 71
102–23 Chair of the highest governance body Avient 2024 Proxy Statement—Page 19
102–24 Nominating and selecting the highest governance body
Performance—Board of Directors Governance Page 71
Avient 2023 Annual Report—Form 10-K Pages 13–14
Avient 2024 Proxy Statement—Page 16
https://www.avient.com/investors/governance
102–25 Conflicts of interest
Performance—Board of Directors Governance Page 71
Avient Code of Conduct
https://www.avient.com/investors/governance
102–26
Role of highest governance body in setting purpose, values, and
strategy
Performance—Board of Directors Governance Page 71
Avient 2023 Annual Report—Form 10-K Pages 13–14 & 65
Avient 2024 Proxy Statement—Pages 29–31
https://www.avient.com/investors/governance
102–27 Collective knowledge of highest governance body
Performance—Board of Directors Governance Page 71
Avient 2024 Proxy Statement—Pages 14–16
102–28 Evaluating the highest governance body's performance
Performance—Board of Directors Governance Page 71
Avient 2024 Proxy Statement—Pages 32–36
https://www.avient.com/investors/governance
102–29 Identifying and managing economic, environmental, and social impacts
Performance—Board of Directors Governance Page 71
People—Environmental, Health & Safety Page 18
https://www.avient.com/investors/governance
102–30 Effectiveness of risk management processes
Performance—Enterprise Risk Management; Board of Directors Governance; Pages 70,71
Avient 2024 Proxy Statement—Pages 30–31
https://www.avient.com/investors/governance
102–31 Review of economic, environmental, and social topics
Performance—Enterprise Risk Management; Board of Directors Governance; Pages 70,71
Avient 2024 Proxy Statement—Pages 30–31, 34
https://www.avient.com/investors/governance
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 81
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/company/policies-and-governance/code-conduct
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
GRI Standard Disclosure Title Avient Disclosures
General Disclosures
Governance
102–32 Highest governance body's role in sustainability reporting
Message from the Governance and Corporate Responsibility Committee Page 4
Performance—Enterprise Risk Management; Board of Directors Governance; Pages 70,71
Avient 2024 Proxy Statement—Pages 30–31, 34
https://www.avient.com/investors/governance
102–33 Communicating critical concerns
Performance—Enterprise Risk Management; Board of Directors Governance; Pages 70,71
Avient 2024 Proxy Statement—Pages 30–31, 34
Avient Code of Conduct
https://www.avient.com/investors/governance
102–34 Nature and total number of critical concerns Avient 2023 Annual Report—Form 10-K Pages 54–55
102–35 Remuneration Policies Avient 2024 Proxy Statement—Pages 49–57, 59–70
102–36 Process for determining remuneration Avient 2024 Proxy Statement—Pages 49–54
102–37 Stakeholders' involvement in remuneration Avient 2024 Proxy Statement—Pages 49–50
102–38 Annual total compensation ratio Avient 2024 Proxy Statement—Page 71
Stakeholder Engagement
102–40 List of stakeholder groups About Us—Engaging with Our Stakeholders Page 9
102–41 Collective bargaining agreements Workforce Demographics—Employee Representation Page 28
102–42 Identifying and selecting stakeholders About Us—Engaging with Our Stakeholders Page 9
102–43 Approach to stakeholder engagement About Us—Engaging with Our Stakeholders Page 9
102–44 Key topics and concerns raised About Us—Engaging with Our Stakeholders Page 9
Reporting Practice
102–45 Entities included in the consolidated financial statements
Avient 2023 Annual Report—Form 10-K Pages 2–3
We operate in three reportable segments: (1) Color, Additives and Inks and (2) Specialty Engineered Materials
102–46 Defining report content and topic boundaries
The information in this report applies to Avient and all owned facilities, joint ventures, and operating companies
globally within the reporting period, unless otherwise stated.
Avient Code of Conduct
https://www.avient.com/investors/governance
GRI 206: Anti-Competitive Behavior
103–1, 2 and 3 Management approach—GRI 103 Avient Code of Conduct
206–1
Legal actions for anti-competitive behavior, anti-trust, and
monopoly practices
No legal actions were brought against Avient for anti-competitive behavior, anti-trust, or monopoly practices in 2023.
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 9
https://www.avient.com/company/sustainability/people/community-service
https://www.avient.com/investors
http://endplasticwaste.org/
Strong Foundation,
Confident Future
Avient Corporation was originally established as PolyOne Corporation in 2000 through the
consolidation of two companies in the materials industr y.
A majority of associates have full-time contracts.
102–9 Supply chain Avient 2023 Annual Report—Form 10-K Page 5
102–10 Significant changes to the organization and its supply chain Avient 2023 Annual Report—Form 10-K Page 18
102–11 Precautionar y Principle or approach Avient 2023 Annual Report—Form 10-K Page 8–13
102–12 External initiatives
About Us—Who We Are Page 11
People—Security, Becoming an Even Better Place to Work Page 22, Page 36
Products—Strategic Partnerships and Alliances Page 50
102–13 Membership of associations Strategic Partnerships and Alliances Page 50
Strategy
102–14 Statement from senior decision-maker 2023 Sustainability Report—Message from the CEO Page 3
102–15 Key impacts, risks, and opportunities
Avient 2023 Annual Report—Form 10-K Page 8–13
Innovating for a Sustainable Future Page 38
Ethics & Integrity
102–16 Values, principles, standards, and norms of behavior
About Us—Who We Are Page 11
Avient 2023 Annual Report—Our Vision; Our Culture; Our Sustainability Guiding Principle and Four Cornerstones
102–17 Mechanisms for advice and concerns about ethics Performance—Ethics Hotline and Reporting Page 69
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 80
https://www.avient.com/products
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
GRI Standard Disclosure Title Avient Disclosures
General Disclosures
Governance
102–18 Governance structure
Performance—Board of Directors Governance Page 71
People—Environmental, Health & Safety Page 18
Avient 2023 Annual Report—Form 10-K Pages 14–15 & 68
Avient 2024 Proxy Statement—Pages 14–15
https://www.avient.com/investors/governance
102–20
Executive-level responsibility for economic, environmental, and
social topics
Performance—Board of Directors Governance Page 71
People—Environmental, Health & Safety Page 18
People—Training and Development Page 23
People—Diversity & Inclusion Page 24
Products—Product Stewardship Page 45
Products—Supplier Collaboration Page 48
https://www.avient.com/investors/governance
102–22 Composition of the highest governance body and its committees
Avient 2023 Annual Report—Form 10-K Pages 13–14, & 65
Performance—Board of Directors Governance Page 71
102–23 Chair of the highest governance body Avient 2024 Proxy Statement—Page 19
102–24 Nominating and selecting the highest governance body
Performance—Board of Directors Governance Page 71
Avient 2023 Annual Report—Form 10-K Pages 13–14
Avient 2024 Proxy Statement—Page 16
https://www.avient.com/investors/governance
102–25 Conflicts of interest
Performance—Board of Directors Governance Page 71
Avient Code of Conduct
https://www.avient.com/investors/governance
102–26
Role of highest governance body in setting purpose, values, and
strategy
Performance—Board of Directors Governance Page 71
Avient 2023 Annual Report—Form 10-K Pages 13–14 & 65
Avient 2024 Proxy Statement—Pages 29–31
https://www.avient.com/investors/governance
102–27 Collective knowledge of highest governance body
Performance—Board of Directors Governance Page 71
Avient 2024 Proxy Statement—Pages 14–16
102–28 Evaluating the highest governance body's performance
Performance—Board of Directors Governance Page 71
Avient 2024 Proxy Statement—Pages 32–36
https://www.avient.com/investors/governance
102–29 Identifying and managing economic, environmental, and social impacts
Performance—Board of Directors Governance Page 71
People—Environmental, Health & Safety Page 18
https://www.avient.com/investors/governance
102–30 Effectiveness of risk management processes
Performance—Enterprise Risk Management; Board of Directors Governance; Pages 70,71
Avient 2024 Proxy Statement—Pages 30–31
https://www.avient.com/investors/governance
102–31 Review of economic, environmental, and social topics
Performance—Enterprise Risk Management; Board of Directors Governance; Pages 70,71
Avient 2024 Proxy Statement—Pages 30–31, 34
https://www.avient.com/investors/governance
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 81
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/company/policies-and-governance/code-conduct
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/AS-FILED%20EF20024640%20Avient%20Corp%20ARS.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/2024-03/2024%20Proxy%20Statement_March.pdf
https://www.avient.com/investors/governance
GRI Standard Disclosure Title Avient Disclosures
General Disclosures
Governance
102–32 Highest governance body's role in sustainability reporting
Message from the Governance and Corporate Responsibility Committee Page 4
Performance—Enterprise Risk Management; Board of Directors Governance; Pages 70,71
Avient 2024 Proxy Statement—Pages 30–31, 34
https://www.avient.com/investors/governance
102–33 Communicating critical concerns
Performance—Enterprise Risk Management; Board of Directors Governance; Pages 70,71
Avient 2024 Proxy Statement—Pages 30–31, 34
Avient Code of Conduct
https://www.avient.com/investors/governance
102–34 Nature and total number of critical concerns Avient 2023 Annual Report—Form 10-K Pages 54–55
102–35 Remuneration Policies Avient 2024 Proxy Statement—Pages 49–57, 59–70
102–36 Process for determining remuneration Avient 2024 Proxy Statement—Pages 49–54
102–37 Stakeholders' involvement in remuneration Avient 2024 Proxy Statement—Pages 49–50
102–38 Annual total compensation ratio Avient 2024 Proxy Statement—Page 71
Stakeholder Engagement
102–40 List of stakeholder groups About Us—Engaging with Our Stakeholders Page 9
102–41 Collective bargaining agreements Workforce Demographics—Employee Representation Page 28
102–42 Identifying and selecting stakeholders About Us—Engaging with Our Stakeholders Page 9
102–43 Approach to stakeholder engagement About Us—Engaging with Our Stakeholders Page 9
102–44 Key topics and concerns raised About Us—Engaging with Our Stakeholders Page 9
Reporting Practice
102–45 Entities included in the consolidated financial statements
Avient 2023 Annual Report—Form 10-K Pages 2–3
We operate in three reportable segments: (1) Color, Additives and Inks and (2) Specialty Engineered Materials
102–46 Defining report content and topic boundaries
The information in this report applies to Avient and all owned facilities, joint ventures, and operating companies
globally within the reporting period, unless otherwise stated.
Avient Code of Conduct
https://www.avient.com/investors/governance
GRI 206: Anti-Competitive Behavior
103–1, 2 and 3 Management approach—GRI 103 Avient Code of Conduct
206–1
Legal actions for anti-competitive behavior, anti-trust, and
monopoly practices
No legal actions were brought against Avient for anti-competitive behavior, anti-trust, or monopoly practices in 2023.
https://www.avient.com/investor-center/news/avient-announces-second-quarter-2024-results
Investor Day to be held
Investor Contacts
Investor FAQ
https://www.avient.com/investor-center/news/avient-announces-record-second-quarter-2021-results-increases-full-year-guidance
To Investor Center
Investor Contacts
Investor FAQ
https://www.avient.com/company/sustainability/sustainability-report/reporting/gri
https://www.avient.com/investors/governance
https://www.avient.com/investors/governance
https://www.avient.com/investors/governance
https://www.avient.com/sites/default/files/resources/11.30.18%2520Investor%2520Presentation%2520V1.pdf
Investor Day
P O L Y O N E
I N V E S T O R
P R E S E N T A T I O N
N O V E M B E R 2 0 1 8
F O R W A R D L O O K I N G S T A T E M E N T S
PolyOne Corporation 2
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of 1995.
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
Growing leadership position in attractive markets
Innovation, technology and service are differentiators
Capital management is a strength: Record-setting cash generation
to continue for years
Expand ROIC while increasing invested capital
Proven acquisition strategy with robust pipeline
Commercial investments are fueling momentum and generating
organic growth
S E R V I C E :
T H E T I M E L E S S
D I F F E R E N T I A T O R
PolyOne Corporation 29
T A L E N T D E V E L O P M E N T
PolyOne Corporation 30
Leadership Program Participants
2012
2013
2014
2015
47
0
86
2016
2018
125
169
315
Campus Hires
2008
2011
2014
2017
0
25
90
47
PolyOne LSS Blackbelts
2008
2011
2014
2018
0
67
220
147
2018 141
A U N I Q U E C U S T O M E R E X P E R I E N C E
Industrial
Design
I Q D E S I G N L A B S
PolyOne Corporation 31
Material
& Color
Expertise
Manufacturing
Expertise
3
14
2014 2017
Industrial designers
$0
$7M
2014 2017
$4M
$40M
2014 2017
Opportunity funnel New business revenue
L S S C U S T O M E R F I R S T
PolyOne Corporation 32
Customer Projects
Enables sales growth by building more intimate
customer relationships, giving us insight to customers’
needs, with a service that is not easily replicated
2014 2017
2 85
3 D P R I N T I N G
B R I N G I N G N E W I D E A S T O L I F E
PolyOne Corporation 33
Enables validation of fit and function
Shortens design cycle and time to market
Avoids tooling rework
Drives innovation
Delivers substantial customer value
PolyOne Corporation 34
From concept to production
M O N T H M O N T H
M O N T H M O N T H
M O N T H M O N T H
99.9%
Reduction in
turnaround time
Traditional Timeline
up to 24 weeks
PolyOne ColorMatrix
Select™
6 hours
Innovative system for processors and OEMs to develop colors in real time
Complete system that provides customers with the freedom to match,
prototype and produce color entirely within their own facility
C O L O R M A T R I X S E L E C T ™
“Being able to create color and produce parts in 1 day is unheard of in this industry”
-CEO, Industry Leader
I N N O V A T I N G W I T H P O L Y O N E
PolyOne Corporation 35
S E G M E N T H I G H L I G H T S
C O L O R , A D D I T I V E S & I N K S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 36
Solid
Colorants
Performance
Additives
Screen
Printing Inks
Liquid
Colorants
Packaging
27%
Industrial
14%
Textiles
12%
Building &
Construction
10%
Wire & Cable
10%Transportation
8%
Consumer
7%
Healthcare
6%
Electrical &
Electronics
3%
Appliance
3%
Operating Income & MarginRevenue by Region
C O L O R , A D D I T I V E S & I N K S
2 0 1 7 R E V E N U E | $ 8 9 3 M I L L I O N
$4
$25
$104
$139
0.9%
5.5%
12.2%
15.5%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20
30
40
50
60
70
80
90
100
110
120
130
140
150
2005 2009 2013 2017
PolyOne Corporation 37
Europe
32%
United
States
46%
Asia
15%
Canada
1%
Mexico
4%
Brazil
2%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 38
Engineered
Formulations
Advanced
Composites
Thermoplastic
Elastomers
Consumer
20%
Transportation
19%
Wire & Cable
13%
Healthcare
11%
Industrial
8%
Packaging
7%
Appliance
4%
Building &
Construction
3%
Electrical &
Electronics
15%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
Revenue by Region Operating Income & Margin
2 0 1 7 R E V E N U E | $ 6 2 4 M I L L I O N
PolyOne Corporation 39
$21
$57
$76
0.1%
5.1%
9.3%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
20
30
40
50
60
70
80
2005 2009 2013 2017
Europe
28%
United
States
48%
Asia
22%
Canada
2%
12.1%
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 40
Specialty Vinyl
Solutions
Healthcare
Formulations
Smart Device
Materials
Flame Retardant
Polymers
Building &
Construction
30%
Industrial
18%
Transportation
16%
Wire & Cable
15%
Appliance
7%
Packaging
5%
Consumer
5%
Electrical &
Electronics
3%
Healthcare
1%
Asia
2%
United
States
77%
Mexico
5%
Canada
16%
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
Operating Income & MarginRevenue by Region
2 0 1 7 R E V E N U E | $ 7 2 1 M I L L I O N
$40
$24
$56
$77
4.6%
3.6%
7.2%
10.7%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
0
10
20
30
40
50
60
70
80
90
100
2005 2009 2013 2017
PolyOne Corporation 41
$886 $668 $773 $721Sales
D I S T R I B U T I O N
E N D M A R K E T S & S U P P L I E R S
PolyOne Corporation 42
Transportation
23%
Healthcare
22%
Industrial
18%
Consumer
15%
Appliance
7%
Electrical &
Electronics
6%
Building &
Construction
4%
Packaging
3%
Wire & Cable
2%
$20
$25
$63
$73
2.9%
4.0%
5.9%
6.3%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
15
25
35
45
55
65
75
2005 2009 2013 2017
Operating Income & Margin2017 Revenue | $1.2 Billion
http://www.polyone.com/Pages/VariationRoot.aspx
T A R G E T E N D M A R K E T S &
A P P L I C A T I O N E X A M P L E S
PolyOne Corporation 43
Thermally Conductive
Technologies
Chemical Resistant
Technologies
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composites
Antimicrobial Technologies
Anti-Counterfeiting
Technologies
Target End Markets… Healthcare
Catheter Technologies
Under-hood Components
Target End Markets… Automotive
Interior Structural
Components
Sound & Vibration
Management
Roof Systems
Air Management
Electronics and Cameras
Lighting
Exterior / Interior Trim
Braces & Brackets
Fasteners
Seals & Flaps
Target End Markets… Consumer
Thermally Conductive
Components
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composite
Components
Oxygen Scavenger
Technologies
Laser Marking Additives
Antistatic Technologies
UV Light Barrier Technologies
Cap & Closure Colorants
Process Optimization
Technologies
Antioxidant Technologies
Density Modified
Technologies
Target End Markets… Packaging
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
Luxury Packaging
GravitechTM Density Modified Polymers
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
OnColorTM Super Concentrates
Inhibit microbial growth on
polymer surfaces
Enhance value or products
and devices
Highly versatile
concentrate with the
ability to be incorporated
into a wide variety of
products
Combat Bacteria Formation
WithStandTM Antimicrobial Technology
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
Medical Device Housings
Chemically Resistant Engineered Polymers
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
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
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
Fiber Colorants
High flame retardancy to
meet strict UL standards
Greater processing and
design flexibility
Specialized additives
provide long term color
stability
Diffusive lens materials
improve light dispersion
Smart Home Devices
ResilienceTM Vinyl Solutions
PolyOne investor presentation
Forward Looking Statements
USE OF �NON-GAAP�MEASURES
Vision
Safety First
PolyOne�2017 Revenue | $3.2 billion
Proof of Performance
Sustainable Path to Double-Digit EPS Growth
Investment in Commercial Resources driving growth
The Evolving Customer Relationship
Slide Number 11
New Resources Fueling the Future
Aligning with trends for Growth
Innovation
3 Horizons of Development
Innovation Pipeline
Innovation Spotlight: Composites
Composites Refresher
Strategic Investment History
COMPOSITES in Transportation
Invest-to-Grow M&A Strategy
Invest-to-Grow M&A Playbook
Invest-to-Grow Proof of performance
Invest-to-Grow Driving the future
Strong Pipeline�driven by fragmented Market
Returning cash to shareholders�Over $1 Billion since 2011
ROIC drives shareholder return
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/Investor%2520Presentation%2520Mar19.pdf
Investor Day
P O L Y O N E
I N V E S T O R
P R E S E N T A T I O N
M A R C H 2 0 1 9
F O R W A R D L O O K I N G S T A T E M E N T S
PolyOne Corporation 2
•
•
•
•
•
•
•
•
•
•
U S E O F
N O N - G A A P
M E A S U R E S
PolyOne Corporation 3
•
•
•
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
Injuries per 100 Workers
Spartech
Acquisition
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
0.51
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
PolyOne Corporation 6
P O L Y O N E
2 0 1 8 R E V E N U E | $ 3 . 5 B I L L I O N
Transportation
17%
Industrial
15%
Consumer
12%
Packaging
11%
Wire & Cable
10%
Appliance
5%
United States
57%
Europe
16%
Asia
10%
Latin
America
10%
Canada
7%
Distribution
35%
Performance Products &
Solutions 19%
Specialty
Engineered
Materials
17%
Color
Additives &
Inks 29%
Segment End Market Geography
Building &
Construction
11%
Electrical &
Electronics
6%
Healthcare
13%
2009 2010 2011 2012 2013 2014 2015 2016* 2017* 2018
$2.43
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
9
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
2006 2018
ROIC** 5.0% 14.1%
Operating Income
% of Sales
Color, Additives &
Inks
1.7% 15.1%
Specialty Engineered
Materials
1.1% 11.2%
Performance
Products
& Solutions
4.3% 10.0%
Distribution 2.6% 5.6%
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
strategic acquisitions
Innovate
600K-1M
commercial
resources 5-7%
Double acquired
margins
Lean Six Sigma
commercial excellence
531
710
130
164
504
663
2014 2018
R&D / Technical Marketing Sales
PolyOne Corporation 9
Increased commercial headcount
+ 34%
+ 26%
+ 32%
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
Sustained revenue increases led
by organic business
$2.9 $2.9
$3.2
$3.5
2015 2016 2017 2018
Total
+ 9%
Organic
+ 5%
Revenue in billions of $
Total
+ 10%
Organic
+ 7%
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
110% increase in leads (from 6,000 to 12,700) 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
24
2014 2018
Inside sellers
$11M
$109M
2014 2018
Inside sales/digital revenue
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 12
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 13
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Innovation comes from Research & Development Spend
Vitality Index
12%
35%
2006 2018
$20
$56
2006 2018
Transformational
Adjacent
Core
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 14
Market
Technical
I N N O V A T I O N
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 15
PrototypeFrame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
(since 2017)
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
6
11
4
4
3
2
28 0
5
10
7
2
5
5
Breakthrough
Platform
Derivative
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 16
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 17
Fiber
Polymer
Composite
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
Thermoplastic Composites
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2012 2015 20162009 2011 2018
PolyOne Corporation
2019
18
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 19
W A T E R C R A F TR A I L H E A V Y T R U C K
F I B E R - L I N E H I G H L I G H T S
PolyOne Corporation 20
$100M
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Customer
Value
Fiber-Line
Fiber Processing
Capabilities
Polymer Formulation
Capabilities
P O L Y O N E A P P L I C A T I O N S I N F I B E R O P T I C C A B L E S
PolyOne Corporation 21
•
•
•
•
•
•
•
•
•
F I B E R O P T I C A L G R O W T H D R I V E R S
PolyOne Corporation 22
5G Networks
10x
8x
5G vs. 4G
PolyOne Corporation 23
Safety Technology Geography Service FinancialPeople
8-10% with
ability to double
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 24
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!
Senior management
believes these measures are useful to investors because they allow for comparison to PolyOne's performance in prior periods without the effect of items that, by their nature,
tend to obscure PolyOne's operating results due to the potential variability across periods based on timing, frequency and magnitude.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Jefferies%2520Conference%2520-%25208%253A7%253A2018.pdf
Investor Day
P O L Y O N E
I N V E S T O R
P R E S E N T A T I O N
A U G U S T 2 0 1 8
F O R W A R D L O O K I N G S T A T E M E N T S
PolyOne Corporation 2
•
•
•
•
•
•
•
•
•
U S E O F
N O N - G A A P
M E A S U R E S
PolyOne Corporation 3
•
•
•
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
0.57
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
YTD
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
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%
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
strategic acquisitions
Innovate
600K-1M
commercial
resources 6-8%
Double acquired
margins
Lean Six Sigma
commercial excellence
531
689130
157
504
633
2014 Q2 2018
R&D / Technical Marketing Sales
PolyOne Corporation 9
Increased commercial headcount
+ 28%
+ 18%
+ 23%
Generating opportunities
35%
25%
1,000
$1.0B
Enhancing efficiency
8%
20%
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
Vitality Index
12%
38%
2006 2017
$20
$52
2006 2017
Transformational
Adjacent
Core
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
Market
Technical
I N N O V A T I O N
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
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
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
Thermoplastic Composites
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2012 2015 20162009 2011 2018
PolyOne Corporation 19
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
PolyOne Corporation 21
Safety Technology Geography Service FinancialPeople
8-10% with
ability to double
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!
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8.1.18 Investor Presentation V1.pdf
Non-GAAP Reconciliation - July 2018 (004).pdf