https://www.avient.com/sites/default/files/2024-12/AVNT Investor Day 2024 Presentation.pdf
Healthcare
Drug delivery devices Engineered materials
for healthcare
Functional additives
for lightweighting
Composites for
Defense and law
enforcement
in Color, Additives and Inksin Color, Additives and Inks in Specialty Engineered Materials in Specialty Engineered Materials
Copyright © .
All Rights Reserved
2024 34
Plastic lightweighting
CATALYZE THE CORE
M ARKET DRIVERS & NEEDS
• Reducing material and
energy usage
• Achieving sustainability goals
and objectives
• Improved product performance,
structural integrity
$5B ADDRESSABLE MARKET
A V I E N T E N D M A R K E T S , A P P L I C A T I O N S
AVIENT VALUE PROPOSITION
• Best-in-class additives for
a wide range of polymer
processing temperatures
• Design services to simulate
foaming and mold designs
TransportationWood plasticcomposite decking
Bottles and
food packaging
Building and
construction
Copyright © .
All Rights Reserved
2024 51
Our competitive advantage
Breadth and depth
of specialty solutions
Global footprint
with localized
customer intimacy
Manufacturing and
material formulation
expertise
Quality, regulatory,
and sustainability
• Engineered thermoplastics,
advanced elastomers,
additives, fibers, composites
• Unidirectional tapes, fabrics,
panels, pultrusions, shapes
• Operations in Americas,
Europe and Asia
• Source materials globally,
translate across regions
• Deep application knowledge
and design services
• Core competencies in fiber,
tape, composite lamination
and pultrusion processes
• Strong material science
expertise to address needs
• Strong regulatory and quality
management systems
• Industry accredited sites
• Recognized sustainability
ratings
Copyright © .
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520RW%2520Baird%25202015%2520Industrial%2520Conference%2520-%2520November%25202015.pdf
They are based on management’s expectations that involve a number of business risks and uncertainties, any of which
could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
PolyOne Corporation Page 4
PolyOne Commodity to Specialty Transformation
• Volume driven,
commodity producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2014 2015 and beyond
• Steve Newlin
appointed, Chairman,
President and CEO
• New leadership team
appointed
• Implementation of four
pillar strategy
• Focus on value based
selling, investment in
commercial resources
and innovation to drive
transformation
• Substantial EPS growth
from $0.13 to all-time
high of $1.80
• Shift to faster growing,
high margin, less
cyclical end markets
• Key acquisitions propel
current and future
growth, as well as
margin expansion
• Specialty mix expands
to 65% of Operating
Income – strongest mix
of earnings in history
• Accelerating growth
• Deliver consistent
double digit annual
EPS growth
• Maintain >35% vitality
index
• Pursue strategic
acquisitions that
expand specialty
offerings and
geographic breadth
• Invest and grow
current and next
generation talent
PolyOne Corporation Page 5
Appliances
5%
Building &
Construction
12%
Consumer
10%
Electrical &
Electronics
5%
Healthcare
11%
Industrial
14%
Packaging
14%
Transportation
20%
Wire & Cable
9%
Distribution
28%
PP&S
20%
Specialty
52%
United States
69%
Europe
13%
Canada
7% Asia
6%
Latin America
5%
2014 Revenues: $3.8 Billion
End Markets
2014 Revenues: $3.8 Billion
PolyOne
At A Glance
$0.12
$0.27 $0.21
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
2006 2007 2008 2009 2010 2011 2012 2013 2014
Adjusted EPS
PolyOne Corporation Page 6
Old
PolyOne
*Operating Income excludes corporate charges and special items
2%
34% 43%
62%
65% 66%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2014 YTD 2015 2020
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
80%+
Specialty OI $5M $46M $87M $195M $242M $183M
Mix Shift Highlights Specialty Transformation
Transformation
2020
Platinum
Vision
Platinum
Vision
PolyOne Corporation Page 7
Confirmation of Our Strategy
Specialization Globalization
Operational
Excellence
Commercial
Excellence
Driven by our core values of Collaboration, Innovation and Excellence, we are the
world’s premier provider of specialized polymer materials, services and solutions
PolyOne Corporation Page 8
2006 YTD 2015 2020
“Where we were” “Where we are” Platinum Vision
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 17.2% 20%+
Global Specialty Engineered
Materials 1.1% 15.1% 20%+
Designed Structures & Solutions 1.4% (2012) 3.5% 12 – 14%
Performance Products &
Solutions 5.5% 8.1% 10 – 12%
Distribution 2.6% 6.6% 6.5 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 66% 80%+
3) ROIC 5.0% 11.9% 15%
4) Adjusted EPS Growth N/A
24 Consecutive
Quarters of YOY
EPS Growth
Double Digit
Expansion
Proof of Performance & 2020 Goals
PolyOne Corporation Page 9
Innovation Drives Earnings Growth
*Percentage of Specialty Platform revenue from products introduced in last five years
$20
$52
2006 TTM
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14%
28%
2006 TTM
Specialty Platform
Gross Margin %
12%
43%
2006 TTM
Specialty Vitality Index Target ≥ 35%
TTM 9/30/15 TTM 9/30/15 TTM 9/30/15
PolyOne Corporation Page 10
Innovation Pipeline Potential
Prototype Frame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
12
4
9
6
1
6
3 7 4
5
6
1
1
7
2
Breakthrough
Platform
Derivative
Number of Projects 12 10 23 19 10 74
Specialty
Addressable Market
($ millions)
- - $1,150 $1,000 $250 $2,400
PolyOne Corporation Page 11
Lightweighting with Advanced Composites
Increasing Healthcare Penetration
Innovation Initiatives
Expansion in Consumer Markets
New Market Development
$$$ $$ $
High Temperature Polymers
PolyOne Corporation Page 12
Design and Service as a Differentiator
Right Material &
Color
Desired
Product Design
Appropriate
Manufacturing Process
Delivering Concept to
Commercialization
Connecting
the Dots with
iQ Design Labs and
InVisiO Color Design
PolyOne Corporation Page 13
Customer First Through World-Class Service
Strengthening relationships through:
Providing LSS services to small/medium sized customers
• Supporting customers who lack their own formal process improvement initiatives
Providing training in Customer Centric Selling Skills with customers’
sales force
PolyOne Corporation Page 14
60%
97%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 Q3 2015
Pension Funding**
As of September 30, 2015
Debt Maturities & Pension Funding
Net Debt / Adjusted EBITDA** = 2.1x
$49
$121
$317
$600
$400
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2018 2020 2023
Debt Maturities
As of September 30, 2015
($ millions)
Coupon Rate: 7.500% Variable* 7.375% 5.250%
** includes US-qualified pension plans only *Weighted average rate on revolver was 2.49% as of 9/30/15 **TTM 9/30/2015
PolyOne Corporation Page 15
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales,
marketing, and
technical capabilities
Investing in operational
and LSS initiatives
~75% of capital
expenditures fund
growth initiatives Organic
Growth
Acquisitions
Share
Repurchases
Dividends
$0.16
$0.20
$0.32
$0.40
$0.48
$0.10
$0.20
$0.30
$0.40
$0.50
2011 2012 2013 2014 2015 2016
Annual Dividend
Targets that expand
our:
• Specialty offerings
• End market
presence
• Geographic breadth
Synergy opportunities
Adjacent material
solutions
Repurchased nearly
2.4 million shares in Q3
2015
Repurchased 14.8
million shares since
early 2013
5.2 million shares are
available for
repurchase under the
current authorization
$0.24
PolyOne Corporation Page 16
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
Appendix
Q3 2015 Financial Highlights
At a Glance�Global Color, Additives and Inks
At a Glance�Global Specialty Engineered Materials
At a Glance�Designed Structures and Solutions
At a Glance�Performance Products and Solutions
At a Glance�Distribution
Plastics: Key to Future Sustainable Development
Commitment to Operational Excellence
Application Examples
Outdoor Applications
Slide Number 28
Authentication Technology
2015 Range Rover Evoque Interior
Slide Number 31
Metal Replacement Solutions
High-Barrier Packaging Containers
Aerospace Applications
Baird Non GAAP Rec.pdf
Baird - November 10, 2015
https://www.avient.com/news/circular-solution-dyneema-recognized-milipol-innovation-awards-finalist
The Milipol Innovation Awards were designed to honor the most innovative companies in products, materials, services, solutions or business models related to the homeland security industry.
Avient Corporation provides specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world.
Light-weighting solutions that replace heavier traditional materials like metal, glass, and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint
https://www.avient.com/news/polyone-launches-new-high-performance-solutions-automotive-interiors
The new materials also provide up to 35% lower scrap rates by enhancing coating consistency, which reduces material bridging and part defects.
These new materials can improve our customers’ profitability by boosting production rates and lowering total system costs.”
VBX 3577 is designed to provide production efficiency improvements for all automotive interior surfaces that require -30°C temperature performance.
https://www.avient.com/news/featured-ibex-hammerhead-marine-composite-panels-avient-remove-weight-streamline-production
This configuration provides unique characteristics such as strong adhesive properties that allow for improved bonding to various structural materials, as well as to coatings and surface films for increased design flexibility compared to traditional boat building and assembly methods.
These strong, lightweight materials offer boat builders an innovative alternative that can streamline production for improved quality and economics.”
Avient will highlight Hammerhead Marine Composite Panels and other advanced materials in its exhibit at IBEX, booth 1248 in the Composites Pavilion, September 27-29 in Tampa, Florida.
https://www.avient.com/news/polyone-showcases-customer-success-sparked-collaboration-and-specialty-polymers-fakuma-2017
Therma-Tech™ Thermally Conductive Materials: Engineered materials that are lighter than metal and are easier to form, but do not compromise conductivity
Gravi-Tech™ Density Modified Polymers: Composite materials that provide the look, feel and sound of metal, but deliver the design freedom of a polymer
PHOTO CAPTION: New materials and novel applications await visitors to the PolyOne stand at the Fakuma trade show.
https://www.avient.com/idea/sealing-medical-device-savings
An infusion pump manufacturer saves $175,000 with a material switch
What’s more, the part’s outdated design made it inefficient to produce and resulted in a labor-intensive assembly of the finished product.
The new materials also offered quick set-up and faster cycle times, resulting in higher productivity.
https://www.avient.com/idea/power-tool-manufacturer-reduces-production-overhead
The design team had two objectives: improve vibration damping performance of the boot to deliver a better user experience, and streamline manufacturing of the part to reduce system costs.
Currently, the company is producing 800,000 housings annually using the specialty TPE material.
Adding to the overall value of the solution, the TPE yields significantly less scrap than the previously used AES material.
https://www.avient.com/sites/default/files/2025-03/65537-Certificate-05MAR2025.pdf
Leadership, EHS&S-PS,
Facility Services, Design & Development, Information Technology, Sourcing,
Logistics, Legal, and Human Resources
33587 Walker Road Avon Lake OH
44012 United States
Avient Corporation Design and Manufacture of Colour and Additive Concentrates,
Thermoplastic Resins and Specialty Compounds
Kornkamp 50 Ahrensburg Schleswig-
Holstein 22926 Germany
Avient Corporation - Albany Design and Manufacture of Colorants and Additives for Plastics 4 Rothwell Ave, PO Box 300-009
Auckland 0632 New Zealand
Avient Corporation
Avon Lake Color
Design and Manufacture of Specialty Engineered Thermoplastics 33587 Walker Road, Building 416
Avon Lake OH 44012 United States
Avient Corporation Design and Manufacture of Specialty Engineered Thermoplastics Pol.
Water Street North Baltimore
OH 45872 United States
Avient Corporation
NEU Specialty Engineered Materials,
LLC
Compound, Supply, and Prototyping Services of Thermoplastics 15 Corporate Drive North Haven CT
06473 United States
Avient Corporation Design and Manufacture of Colorants and Additives for Plastics 80 North West Street Norwalk OH
44857 United States
ISO 14001:2015ISO 14001:2015
Certificate Of ConformanceCertificate Of Conformance
ANNEXANNEX
Certificate No: 65537
Avient CorporationAvient Corporation
At the below facilities
FACILITY NAMEFACILITY NAME FACILITY ACTIVITYFACILITY ACTIVITY ADDRESSADDRESS
Copyright as of the Effective Date, ABS Quality Evaluations, Inc.
Design and Manufacture of Colorants and Additives for Plastics Plasticos #28 Santa Clara Coatitla,
Ecatepec Morelos 55540 Mexico
Avient Corporation Design and Manufacture of Colorants and Additives for Plastics Zhang Jiang Hi-tech Park No. 88,
Guoshoujing Road Pudong , 201203
Shanghai,
Avient Corporation - Shenzhen, China Design and Manufacture of Colorants and Additives for Plastics No. 1, Qihang Industry Park,
Haoxiang Road , 518104 Shenzhen,
Avient Corporation Design and Manufacture of Colorants and Additives Concentrates and
Specialty Compounds for Thermo Plastic Resin.
https://www.avient.com/news/avient-showcase-world-s-strongest-fiber-and-high-performance-engineered-fibers-techtextil-2024
FRANKFURT, Germany – April 15, 2024 – Avient Corporation, a premier provider of specialized and sustainable materials solutions and services, announced it will showcase its high-performance engineered fiber solutions and advanced protective materials portfolio next week at Techtextil, the leading international trade fair for technical textiles and nonwoven fabrics.
Dyneema® fibers are widely used by designers for their precision-engineered properties to create the lightweight, durable, and high-performance articles that today’s consumers desire.
Avient Corporation provides specialized and sustainable materials solutions that transform customer challenges into opportunities, bringing new products to life for a better world.