https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520RW%2520Baird%25202015%2520Industrial%2520Conference%2520-%2520November%25202015.pdf
PolyOne Corporation Page 1 PolyOne Investor Presentation RW Baird 2015 Industrial Conference November 2015 PolyOne Corporation Page 2 Forward-Looking Statements 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.
PolyOne Corporation Page 3 Use of Non-GAAP Measures This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures.
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?
https://www.avient.com/sites/default/files/2024-10/Avient CDP Climate Change %26 Water Submission 20241001.pdf
Biodiversity (4.3.1.1) Position of individual or committee with responsibility Executive level ☑ Chief Executive Officer (CEO) (4.3.1.2) Environmental responsibilities of this position 75 Dependencies, impacts, risks and opportunities ☑ Assessing environmental dependencies, impacts, risks, and opportunities Policies, commitments, and targets ☑ Measuring progress towards environmental corporate targets ☑ Setting corporate environmental policies and/or commitments (4.3.1.4) Reporting line Select from: ☑ Reports to the board directly (4.3.1.5) Frequency of reporting to the board on environmental issues Select from: ☑ More frequently than quarterly (4.3.1.6) Please explain Corporate sustainability and climate-related issues are the responsibility of Avient’s highest-level officer, our President and Chief Executive Officer (CEO), who is also a member of the Board of Directors.
We use distance based calculations derived from employee and office zip codes.
Double window installed in general offices.
https://www.avient.com/sites/default/files/2022-06/CAI Animal Free Additives Product Bulletin.pdf
WHAT IT DOES This range of additives offers food contact approved solutions that address these changing market requirements, to help improve existing film properties such as slip, anti-block, anti-static or no-fog.
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https://www.avient.com/sites/default/files/2024-01/ColorMatrix AAnchor Brochure_A4.pdf
COLORMATRIX™ AANCHOR™ Acetaldehyde Control Technology for PET Enhance the Recyclability and Quality of PET Packaging While Reducing Regulatory Risk ColorMatrix™ AAnchor™ is an innovative acetaldehyde control technology designed to address the challenges associated with increased rPET content in PET packaging.
ACETALDEHYDE REDUCTION – COMMERCIAL CASE STUDY RESULTS Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/2024-11/Dispersions Healthcare Leave-Behind.pdf
With FDA-compliant grades and USP Class VI certified silicone colorants, we can help you mitigate risk and address challenges in delivering high-performing and cost-effective products.
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https://www.avient.com/sites/default/files/2021-06/chemical-resistance-technical-bulletin.pdf
TECHNICAL BULLETIN SOLUTIONS DESIGNED TO ADDRESS EVOLVING NEEDS Determining the appropriate polymer for the job can prevent product failures, thereby reducing service calls, product returns and warranty claims for manufacturers.
Cidex® OPA is a trademark of ASP Global Manufacturing GMBH; CaviCide™ is a trademark of Metrex Research, LLC; and Virex® is a trademark of Diversey, Inc. $$$ $$ $ Improved Chemical Resistance PC+ABS PC PPSU PC+PET PC+PBT Trilliant ™ Material Compatibility with Various Disinfectants 8.5% Bleach 3% Peroxide Cidex® OPA CaviCide™ Virex™ Tb Trilliant™ PC+PBT PC+PET PPSU PC PC+ABS Trilliant™ PC+PBT PC+PET PPSU PC PC+ABS Trilliant™ PC+PBT PC+PET PPSU PC Trilliant™ PC+PBT PC+PET PPSU Trilliant™ $$$ $$ $ Improved Chemical Resistance PC+ABS PC PPSU PC+PET PC+PBT Trilliant ™ Material Compatibility with Various Disinfectants 8.5% Bleach 3% Peroxide Cidex® OPA CaviCide™ Virex™ Tb Trilliant™ PC+PBT PC+PET PPSU PC PC+ABS Trilliant™ PC+PBT PC+PET PPSU PC PC+ABS Trilliant™ PC+PBT PC+PET PPSU PC Trilliant™ PC+PBT PC+PET PPSU Trilliant™ www.avient.com Copyright © 2021, Avient Corporation.
https://www.avient.com/news/avient-expands-resound-tpe-portfolio-new-grade-formulated-fda-reviewed-post-consumer-recycled-material
About Avient
Avient Corporation (NYSE: AVNT), with 2021 revenues of $4.8 billion, provides specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world.
Company Officers
https://www.avient.com/news/gleaming-luxurious-and-silky-special-effect-polyone-tpes-add-depth-and-verve-metallic-packaging-trend
About PolyOne
PolyOne Corporation, with 2015 revenues of $3.4 billion, is a premier provider of specialized polymer materials, services and solutions.
Company Officers
https://www.avient.com/sites/default/files/2021-04/avnt-first-quarter-2021-news-release.pdf
Patterson, Chairman, President and Chief Executive Officer, Avient Corporation.
For the same reasons, the Company is unable to address the probable significance of the unavailable information. 6 Investor Relations Contact: Giuseppe (Joe) Di Salvo Vice President, Treasurer and Investor Relations Avient Corporation +1 440-930-1921 giuseppe.disalvo@avient.com Media Contact: Kyle G.
These costs are included in Corporate and eliminations.
https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
Patterson, Chairman, President and Chief Executive Officer, Avient Corporation.
For the same reasons, the Company is unable to address the probable significance of the unavailable information.
These costs are included in Corporate and eliminations.