https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Seaport%2520Global%2520Transports%2520%2526%2520Industrials%2520Conference.pdf
A reconciliation of each non-GAAP financial measure with the most directly comparable GAAP financial measure is attached to this presentation which is posted on our website at www.polyone.com. 4 POLYONE CORPORATION What We Do Value Formulation Expertise Inputs Base resins Additives Modifiers Pigments Expertise in Polymer Materials, Services and Solutions OEMs Brand Owners Processers Assemblers Driving customer value with specialty products & services Service InVisiOSM Color Services IQ Design Labs LSS Customer First POLYONE CORPORATION 5 2016 Revenue ($3.3 Billion) by Segment At a Glance United States 65% Europe 12% Canada 8% Asia 8% Latin America 7% $0.13 $0.68 $0.82 $1.00 $1.31 $1.80 $1.96 $2.13 2009 2010 2011 2012 2013 2014 2015 2016 2016 Revenue by Geography 2016 Revenue by End Market Appliance 5% Building & Construction 11% Consumer 11% Electrical & Electronics 5% Healthcare 11% Industrial 15% Packaging 12% Textiles 2% Transportation 19% Wire & Cable 9% Adjusted Earnings Per Share Performance Products & Solutions 19% PolyOne Distribution 31% Designed Structures & Solutions 11% Specialty Engineered Materials 16% Color Additives and Inks 23% 6 POLYONE CORPORATION Returning Cash to Shareholders $0.16 $0.20 $0.24 $0.32 $0.40 $0.48 $0.54 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 2011 2012 2013 2014 2015 2016 2017 Annual Dividend* Since 2011, we have returned nearly $850 million to shareholders $150 million returned through dividends $697 million returned through share repurchases $697M $0 $150 $300 $450 $600 $750 2011 2012 2013 2014 2015 2016 Cumulative Share Repurchases (in millions) *Initiated in 2011 7 POLYONE CORPORATION 2% 43% 79% 0% 20% 40% 60% 80% 100% 2005 2010 2016 % o f O pe ra tin g In co m e* *Operating Income excludes corporate charges and special items Specialty OI $5M $87M $273M Mix Shift Highlights Specialty Transformation Specialty = ROS > 10% JV’s Performance Products & Solutions Specialty Distribution 8 POLYONE CORPORATION 2006 2016 2020 “Where we were” “Where we are” Platinum Vision Operating Income % of Sales Color, Additives & Inks 1.7% 16.0% 20%+ Specialty Engineered Materials 1.1% 14.3% 20%+ Performance Products & Solutions 5.5% 11.1% 12 – 14% Distribution 2.6% 6.4% 6.5 – 7.5% Designed Structures & Solutions N/A -0.9% 8 – 10% ROIC* 5.0% 12.9% 15% Proof of Performance & 2020 Platinum Vision *ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period Consistently Deliver Double Digit Annual EPS Growth POLYONE CORPORATION 9 2,883 2,538 2006 2016 Volume (lbs in millions) -12% $103 $200 2006 2016 Commercial, R&D and Marketing Spending ($M) +95% $88 $317 2006 2016 Adjusted Operating Profit ($M) +263% Ours is Not a Cost Cutting Story 10 POLYONE CORPORATION Innovation Drives Earnings Growth *Specialty Platform revenue from products introduced in last five years $20 $54 2006 2016 Research & Development Spending ($ millions) Specialty Platform Vitality Index Progression* 14% 33% 2006 2016 CAI & SEM Gross Margin 12% 42% 2006 2016 Target ≥ 35% Innovation Pipeline Potential 11 POLYONE CORPORATION Primary Industries Served 2016 Revenue: $3.3 Billion Electrical & Electronic 5% Building & Construction 11% Appliance 5% Industrial 15% Wire & Cable 9% Healthcare 11% Consumer 11% Packaging 12% Transportation 19% Focus End Markets 12 POLYONE CORPORATION Therma-Tech™ & Sheet GEON™ Vinyl Polymer Colorants Therma-Tech™ TPE’s & Film TPE + OnForce™ Gravi-Tech™ Page 12 Film Target End Markets… Healthcare 13 POLYONE CORPORATION Sound & Vibration Management Fuel Handling Systems Interior & Exterior Trim Structural Braces & Brackets Interior Structural Components Lighting Air management Electronics & Cameras Fluid Handling Target End Markets… Automotive Underhood Components Roof Systems 14 POLYONE CORPORATION PreservaPak™ OnColor™ Smart Batch™ VersaFlex™ TPE Cap Liner ColorMatrix™ Amosorb™ Oxygen Scavenger ColorMatrix™ Ultimate™ UV Light Barrier OnCap™ Laser Marking Additives Target End Markets… Packaging 15 POLYONE CORPORATION Source: Outdoor Industry Association TPE Vibration Dampening (SEM/GLS) TPE + OnForce (SEM) OnForce (SEM) Advanced Composites (SEM) TPE Vibration Dampening (SEM/GLS) Thermoplastic Elastomers (SEM) Advanced Composites (SEM) Polymer Colorants (CAI) Sheet (DSS) TPE & Film (SEM + DSS) Advanced Composites (SEM) Polymer Colorants (CAI) Thermatech (SEM) Thermoplastic Elastomers (SEM) TPE + OnForce (SEM) OnForce (SEM) Target End Markets… Consumer 16 POLYONE CORPORATION Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return Expanding our sales, marketing, and technical capabilities Investing in operational and LSS initiatives ~60 - 70% of capital expenditures fund growth initiatives Organic Growth Acquisitions Share Repurchases Dividends Targets that expand our: • Specialty offerings • End market presence • Geographic breadth Growth synergies Adjacent material solutions Repurchased 1.2 million shares in Q4 2016 Repurchased 18.8 million shares since early 2013 8.5 million shares are available for repurchase under the current authorization Increased annual dividend by 12.5% to $0.54 per share, representing the sixth consecutive year of dividend growth POLYONE CORPORATION 17 The New PolyOne: A Specialty Growth Company Why Invest In PolyOne?
IR Presentation - Q4 2016v13 PolyOne Investor �Presentation�March 2017 Forward-Looking Statements Use of Non-GAAP Measures What We Do At a Glance Returning Cash to Shareholders Slide Number 7 Proof of Performance & 2020 Platinum Vision Ours is Not a Cost Cutting Story Innovation Drives Earnings Growth Primary Industries Served Slide Number 12 Slide Number 13 Slide Number 14 Slide Number 15 Free Cash Flow and Strong Balance Sheet �Fund Investment / Shareholder Return Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2020-07/entry-door-1-page-case-study.pdf
Entry door 1-page case study EXTERIOR DOORS R E S I D E N T I A L & C O M M E R C I A L Reinforcement of steel to reduce weight and provide: • Corrosion resistance • Improved dent resistance to withstand windborne debris • Structural performance to meet regional wind load requirements • Improved resistance to corrosion and moisture degradation • Increased dent resistance up to 60% vs. unreinforced metal • Enabled reduction in thickness of sheet metal while maintaining structural performance Polystrand™ PETG continuous fiber reinforced composite laminate thermally bonded to steel door skin KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2024-02/EMEA Automotive Case Study Paint Replacement Construction Vehicle _1_.pdf
LEARN MORE TIER 2 MOLDER P A N E L F O R C O N S T R U C T I O N V E H I C L E S • Transition from painting extruded sheet (3-5mm) to molded-in color for two different thermoplastics • UV stability • Good appearance for visible part • Expedited approved solution that delivered the appearance and performance of a painted part • Developed formulations for two materials- PMMA and ABS • Offered aluminum appearance and required UV stability SmartBatch™ FX for Paint Replacement KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2025-03/Cesa Raise Product Bulletin.pdf
MARKETS & APPLICATIONS • Thermoformed, APET food packaging, including: - Hot steam sterilization - Hot fill - Microwave use • Polyester • Sheet extrusion & thermoforming KEY CHARACTERISTICS • Suitable for hot steam sterilization, hot fill, and microwave applications • Ideal for food-grade containers with high rigidity and improved gas barrier • Can withstand temperatures up to 100°C • Available in both transparent and opaque options • Processable on existing thermoforming lines with heated molds KEY BENEFITS • A fully circular monomaterial, up to 100% rPET polymer content • Promotion of the circularity of PET and the resulting packaging is possible • Helps customers to comply with the Packaging and Packaging Waste Regulation (PPWR) that demands recyclability of all packaging with binding PCR content targets by 2030 • Demonstrates improved productivity in comparison to CPET during thermoforming • Helps avoid possible EPR fees or penalties on difficult-to-recycle packaging PRODUCT BULLETIN Copyright © 2025, Avient Corporation.
https://www.avient.com/sites/default/files/2022-09/Omnicolor Product Bulletin.pdf
KEY CHARACTERISTICS • Multipurpose, multi-resin colorant concentrates • Formulated with high quality, heavy metal-free pigments • Carrier system designed for compatibility across different resin systems • Samples available with quick turnaround in small lots for customer evaluation • Available in a wide range of stock and standard colors* • Low LDRs—typically 1–3% • Low minimum order quantities for both stock and non-stock colors * Color availability dependent on region or country PRODUCT BULLETIN MARKETS AND APPLICATIONS Omnicolor Multipurpose Colorants can be used for injection molding, blow molding, or profile and sheet extrusion processes.
https://www.avient.com/sites/default/files/2021-04/colormatrix-optica-specialty-toners-for-pc-product-bulletin.pdf
MARKETS AND APPLICATIONS ColorMatrix Optica is formulated for PC resins used in the production of: • Automotive interiors • Appliance housings • Consumer goods • Food packaging • Finished materials such as PC sheet • Electrical & Electronics REGULATORY • No heavy metals or restricted ingredients • In-house chemical testing and verification system compliant with ISO ISO/IEC 17025:2005 • Dedicated product stewardship team globally and locally
https://www.avient.com/sites/default/files/2022-02/Sustainability ESG Disclosures_Silicon Dioxide.pdf
Additional information is available through the relevant Safety Data Sheet (SDS).
https://www.avient.com/sites/default/files/2025-02/ColorMatrix LQ-Extrusion Pipe-Case study snapshot.pdf
U-PVC PIPE & FITTING PRODUCER P I P E & F I T T I N G • Meet the diverse coefficient of friction (CoF) requirements across various film structures and compositions for a wide range of applications • Improve the speed of slip blooming and ensure consistent slip performance post-film production • Preserve excellent optical and mechanical properties • Compliance with food regulations for end packaging in food sealant applications • Improved the customer’s workplace environment by installing a new tote liquid supply system • Enhanced color consistency and reduced production wastage from pigment speck and streak issues • Complied with strict regulatory controls for potable pipe requirements ColorMatrix Liquid Color Concentrates KEY REQUIREMENT WHY AVIENT AVIENT SOLUTION PRODUCTIVITY + COMPLIANCE Avient Corporation 1 • Meet the diverse coefficient of friction (CoF) requirements across various film structures and compositions for a wide range of applications • Improve the speed of slip blooming and ensure consistent slip performance post-film production • Preserve excellent optical and mechanical properties • Compliance with food regulations for end packaging in food sealant applications KEY REQUIREMENT • Standard colorant to apply for internal color matching in PVC sheet applications • Phthalate free plasticizer class as hazardous healthy control requirement • Good thermal stability and compatibility in PVC resin of color index choices • Compliance with Heavy metal free and RoHS regulation KEY REQUIREMENT• Support the mass production capacity of white pipe extrusion • Reduces particulates from TiO2 bulk pigment use in the workplace • Ensure excellent pigment dispersion to meet mechanical pipe properties over an extensive useful life • Compliance with NSF and UL regulations for end application requirements in the building and construction industry LIQUID COLOR CONCENTRATES AND DOSING | AVIENTLEARN MORE KEY REQUIREMENTS Copyright © 2025, Avient Corporation.
https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
Designed Structures and Solutions is comprised of the former Spartech Custom Sheet and Rollstock and Packaging Technologies businesses.
General Manager, Specialty Film & Sheet, General Electric Plastics, June 2004 to September 2006.
Off-Balance Sheet Arrangements We have no off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K other than the SunBelt debt guarantee described previously in the Guarantee of Indebtedness of Others section.
https://www.avient.com/sites/default/files/2020-03/PolyOne_Website-12.19.pdf
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 Financing Financing 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