A global consumer electronics brand used a Versaflex™ CE TPE to replace leather for soft touch, durable grip TPE for Workout Resistance Band

Sources Cash from Balance Sheet $465 New Senior Unsecured Notes 650 New Equity 450 Total Sources $1,565 Uses Clariant Masterbatch $1,500 Clariant India Masterbatch 60 Less: Lease Adjustment (113) Net Purchase Price $1,447 Net Cash Acquired 57 Fees, Expenses & OID 61 Total Uses $1,565 ($ Millions) Cash and Cash Equivalents $370 $450M Senior Secured ABL Revolver - Senior Secured Term Loan B due 2026 624 Other Debt 25 Total Senior Secured Debt $649 5.25% Senior Unsecured Notes due 2023 $600 New Senior Unsecured Notes 650 Total Senior Debt $1,899 Net Debt $1,529 New Equity $450 Pro Forma Capitalization (1) PF 12/31/2019 $450 $600 $624 $743 2019 2020 2021 2022 2023 2024 2025 2026 A T T R A C T I V E F I N A N C I N G S T R U C T U R E Attractive Debt Maturity Profile Existing Revolver Existing Senior Notes Existing Term Loan B New Debt Summary Terms on New Debt  $465 million of cash from the balance sheet expected to fund a portion of the purchase price  Bridge financing for remainder fully committed from Citi, Morgan Stanley and Wells Fargo  Permanent financing expected to include a combination of long-term debt and new equity  The timing of the permanent financing is subject to a number of factors, including, but not limited to, market conditions  PolyOne is committed to preserving a strong balance sheet – Target net leverage at close below 3.5x, excluding synergies  Pro forma capital structure positions PolyOne with flexibility to pursue continued growth strategy  New financing expected to have same or better covenant package than existing capital structure  Capital structure would be “covenant lite” Capital Policy  Transaction in line with PolyOne’s disciplined capital allocation policy  Existing PolyOne dividend policy to be maintained  Focus on deleveraging in the near term 2028+ PolyOne Corporation 26 PolyOne Corporation 27 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  Landmark portfolio transformation: > 85% of Adjusted EBITDA from specialty solutions  World-class innovation, technology and service are differentiators  Sustainability initiatives and alignment with megatrends drive above market growth in key end markets and applications:  Capital management is a strength - proven track record of expanding ROIC while increasing invested capital Transaction expected to add $0.85 to pro forma adjusted EPS PolyOne Corporation 28 PolyOne Corporation 29

Maintain asset-light, 80% free cash flow conversion profile 5.

Maintain asset-light, 80% free cash flow conversion profile 5.

Avient offers a range of medically compliant polymer solutions, including thermoplastics, thermoplastic elastomers (TPEs), and colorant and additive masterbatches that can help you provide durable, reliable, and easy-to-use at-home monitoring devices. Colorful, soft touch TPEs for improved grips, aesthetics and haptics. Learn how chemically resistant Trilliant™ HC thermoplastics and Versaflex™ HC TPEs provide enhanced durability to withstand common hospital cleaners and disinfectants

Flexible and colorable TPEs for improved overmolds and haptics Learn how chemically resistant Trilliant™ HC thermoplastics and Versaflex™ HC TPEs provide enhanced durability to withstand common hospital cleaners and disinfectants Explore our product guide for innovative TPE solutions for thousands of applications

Avient’s portfolio of colorants and additives, thermoplastic elastomers (TPEs), and specialty engineered polymers helps customers meet performance demands, comply with medical and pharmaceutical regulations, and accelerate speed to market. Versaflex™ HC & Versaflex™ HC BIO BT Series TPEs: grades formulated specifically to handle the complexities of healthcare and biopharmaceutical tubing, including excellent weldability, kink resistance, and low extractables, delivering comparable performance to competing materials such as silicone and PVC tubing, while providing lower Product Carbon Footprint (PCF) values than other materials* The Versaflex HC BIO BT218 grade is formulated with 40% bio-derived content and provides a sustainable substitute for traditional materials. TPEs and specialty engineered polymers for auto-injector pens: offer excellent chemical and impact resistance, good self-lubrication functions, durability to extend product life and meet biocompatibility and food-contact safety regulations.

They selected a TPE-based impact modifier that could be used at a loading level five percentage points below the current material while still meeting all of the performance requirements, including higher stiffness.

They selected a TPE-based impact modifier that could be used at a loading level five percentage points below the current material while still meeting all of the performance requirements, including higher stiffness.

TPE manufacturer Francesco Franceschetti Elastomeri is extremely active in the ski-boot market.