https://www.avient.com/knowledge-base/case-study/lightweighting-commercial-trucks-and-trailers?psfam[]=10864
Jan 30, 2025
https://www.avient.com/knowledge-base/case-study/lightweighting-commercial-trucks-and-trailers?sust[]=1165
Jan 30, 2025
https://www.avient.com/knowledge-base/case-study/enabling-cleaner-and-safer-automotive-parts?ind[]=6601
Feb 05, 2025
https://www.avient.com/knowledge-base/case-study/enabling-cleaner-and-safer-automotive-parts?psfam[]=21983
Feb 05, 2025
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520Sidoti%2520wNonGAAP%2520Rec.pdf
Microsoft PowerPoint - PolyOne Investor Presentation_Sidoti_3_19_13.pptx
PolyOne Investor Presentation
d d th l hSidoti and Company 17th Annual Emerging Growth
Institutional Investor Forum
March 19, 2013
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.
Page 3
Strategy and Execution Drive Results
90%
$22
$24
PolyOne
Stock Price
50%
$18
$20
$22
S&P 500 (relative performance)
30%
$12
$14
$16
S&P 500 (relative performance)
‐10%
10%
$6
$8
$10
50%
‐30%
$0
$2
$4
$
|
‐50%$0
2006 2007 2008 2009 2010 2011 2012 2013
Page 4
Four Pillar Strategy
The World’s Premier Provider of SpecializedThe World s Premier Provider of Specialized
Polymer Materials, Services & Solutions
Page 5
Spartech – Compelling Strategic Rationale
• Spartech expands PolyOne’s specialty portfolio with adjacent
technologies in attractive end markets
Bolt on acquisition with opportunity for global expansion as only Bolt‐on acquisition with opportunity for global expansion, as only
6% of Spartech’s revenues are outside of North America
• PolyOne has a proven management team with a track record of
transformational success
• Preliminary synergy estimated at $65 million run rate by end of
3year 3
Significant opportunity to expand profitability by leveraging
PolyOne’s four pillar strategy
• Substantial potential share price appreciation for all
shareholders
f f ll / $ Accretive to EPS in first full year post‐acquisition / $0.50 once
synergies realized
Page 6
Mix Shift Highlights Specialty Transformation
Old
PolyOne Transformation
100%
2015
Target
80%
In
co
m
e*
65 – 75%40%
60%
f O
pe
ra
tin
g
34% 43% 45%
65 75%
20%
o
f
2%0%
2005 2008 2010 2012 2015
Specialty OI $5M $46M $87M $114M Target
*Operating Income excludes corporate charges and special items
JV's PP&S Distribution Specialty
Page 7
Proof of Performance
2007 2012 2015
“Where we were” “Where we are” “Where we Where we were Where we are expect to be"
1) Operating Income %
Specialty 3.2% 9.1% 12 – 16%
PP&S 6.1% 9.0% 9 – 12%
Distribution 3.0% 6.4% 6 – 7.5%
2) Specialty Platform
sss% of Operating Income 20% 45% 65 – 75%
3) ROIC* ( ft t ) 7% 11% 15%3) ROIC* (after‐tax) 7% 11% 15%
4) Adjusted EPS Growth** N/A 4 yr CAGR = 55% Double Digit
Expansion
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
**4 yr EPS CAGR calculated using 2012 adjusted EPS vs 2008 adjusted EPS
Page 8
Proof of Performance
Spartech Opportunity
Intermediate
PolyOne Spartech Opportunity
2006 2012 Today Goal
“Where we
were”
“Where we
are”
“Where
Spartech is”*
“Where we
can go”were are Spartech is can go
Specialty
Operating
Margin
1.5% 9.1% 2.2% 8.0% – 10.0%
Margin
Page 9
*Pro Forma results include Spartech corporate allocations for FY12 ended November 3, 2012
PolyOne
14%
Latin
America
3% Distribution
2012 Revenues: $4.2 Billion* 2012 Revenues: $4.2 Billion*
United
States
14% 5%
PP&S
20%Specialty
57%
Building & HealthCare
1.02
1.20
$1.20
$1.40
ha
re
End Markets* EPS Growth
Construction
14%
17%
Industrial
9%
0.27 0 21
0.79
$0.40
$0.60
$0.80
$1.00
Ad
ju
st
ed
E
ar
ni
ng
s P
er
S
Electrical &
0.12
0.21 0.13
$0.00
$0.20
2006 2007 2008 2009 2010 2011 2012
Page 10
* Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms
Specialty
U it d
2012 Revenues: $2.4 Billion* Solutions
United
States
59%
9%
Latin
America
Building &
C t ti
HealthCare
o
f S
al
es
12-16%
End Markets* Expanding Profits
Construction
Electrical &
Industrial
15%
1.5%
3.2% 4.3%
5.3%
8.4% 9.1%
O
pe
ra
tin
g
In
co
m
e
Page 11
2006 2007 2008 2009 2010 2011 2012 2015
O
Target* Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms
Designed Structures and Solutions
United States
2012 Revenues: $0.85 Billion* Solutions
84%
Latin America
4% Building & Construction
Sign & Advertising
3%
Recreation & Leisure
Pool & Spa
1%
Distribution &
Thermoform
2% Operating Income % of Sales
2012 Revenue by Industry Segment* Expanding Profits**
Electrical & Electronics
23%Industrial
3%
2.2%
8 ‐ 10%
1%
HealthCare
2012 2015
Target
Page 12
*Pro Forma includes FY2012 results for Spartech (11/03/12 YE)
**Pro Forma results include Spartech corporate allocations for FY12
Positioned for Earnings Growth
2015 Target
Rev: $5B
Adj.
https://www.avient.com/sites/default/files/2023-11/AVNT November IR Presentation.pdf
&
Canada
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
40%
37%
18%
9% 4% 4%
Building &
Energy Telecom
Geography
Segment
Industry
4
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
1. 6% annualized long term sales
growth leveraging sustainable
solutions, composites, healthcare
and emerging regions
2.
Deliver annual EBITDA and EPS
growth of 10% and 15%
4.
Avient 2011, 2018 and 2021 multiples reflect trailing 12 months EBITDA at December 31.
28
EV / 2023E EBITDA
6.5
8.5
11.0
8.9
12.0 11.9
10.9
9.9
8.2
16.3
13.8
11.9
9.6 9.5 9.5 9.2
7.7
11
21
O
ct
23
PM PP
FM
C C
Avient Historic Multiple
Avient Specialty
Other Specialty /
AP P E N DI X
30
Performance
Additives
16%
Pigments
12%
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
2022 pro forma results for the acquisition of Avient Protective Materials
RAW MATERIAL BASKET
SEGMENT DATA
U.S. & Canada
40%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
Building and
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
9%
32
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
2022 REVENUE | $2 .4 BILLION
US & Canada
34%
38%
END MARKET REGION
33
34%
21%
Building &
1% Energy
2%
COLOR, ADDITIVES & INKS
2022 PRO FORMA REVENUE | $1 .3 BILLION
US & Canada
52%
35%
34
19%
8%Industrial
16%
9% Defense
Building &
END MARKET REGION
SPECIALTY ENGINEERED MATERIALS
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
27%
14%
17%
Building &
(37% of sales)Transportation
12%
Building &
US &
Canada
(40% of sales)
7%
56%
23%
7%
Building &
1%
LATAM
(5% of sales)
3%
35
BY END MARKET
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
https://www.avient.com/news/polyone-announces-further-realignment-north-american-assets-acquired-spartech
May 14, 2025
May 14, 2025
May 06, 2025
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Turkey.pdf
Specialization
Globalization
Operational
Excellence
Commercial
Excellence
Associates
3
4
Etik Davranış için Kurallar
Avient’in Davranış Kuralları (“Kurallar”), iş yönetimi için bir
rehberdir.
Tüm yasalara uymak ve
4.
Kişisel dürüstlüğümüz, Avient’in itibarının temelini oluşturmaktadır ve dürüstlük
güvenilirlik inşa eder.
19
Dürüst İş Yapmak
Ürünlerimizi ve hizmetlerimizi bu temelde satıyoruz.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Polish.pdf
Przestrzegać wszelkich przepisów prawa.
4.
Uczciwość każdego z nas buduje
reputację Avient, a uczciwość buduje wiarygodność.
19
Dokładne informacje, dane i
dokumenty
Avient sprzedaje swoje produkty i usługi w oparciu
o ich wartość.
Infolinia ds. etyki:
https://www.Avient.com/company/policies-and-governance/ethics-hotline
Numer telefonu Infolinii ds. etyki:
1-877-228-5410
https://www.Avient.com/company/policies-and-governance/ethics-hotline
Ameryka Północna
Global Headquarters Avon Lake,
Stany Zjednoczone
33587 Walker Road Avon Lake,
OH, Stany Zjednoczone 44012
Bezpłatny numer telefonu:
+1-866-765-9663
Numer telefonu: +1-440-930-1000
Faks: +440 930 3064
Azja i Pacyfik
Regional Headquarters
Shanghai, Chiny
2F, Block C 200 Jinsu Road
Pudong, 201206 Shanghai, Chiny
Tel. +86 (0) 21 6028 4888
Faks: +86 (0) 21 6028 4999
Ameryka Południowa
Regional Headquarters
Sao Paulo, Brazylia
Av.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Italian.pdf
La nostra integrità personale è alla base dell’immagine di Avient e l’integrità
genera credibilità.
19
Trattamento equo
Vendiamo i nostri prodotti e servizi in base ai loro meriti.
Linea di assistenza telefonica sull’etica:
https://www.Avient.com/company/policies-and-governance/ethics-hotline
Numero della linea di assistenza telefonica sull’etica:
1-877-228-5410
https://www.Avient.com/company/policies-and-governance/ethics-hotline
Nord America
Sede globale Avon Lake,
Stati Uniti
33587 Walker Road Avon Lake,
Ohio, Stati Uniti 44012
Numero verde: +1 866 765 9663
Telefono: +1 440 930 1000
Fax: +1 440 930 3064
Asia Pacifico
Sede regionale Shanghai, Cina
2F, Block C 200 Jinsu Road
Pudong, 201206 Shanghai, Cina
Telefono: +86 (0) 21 6028 4888
Fax: +86 (0) 21 6028 4999
America del Sud
Sede regionale San Paolo,
Brasile
Av.
Francisco Nakasato, 1700
13295-000 Itupeva San Paolo,
Brasile
Telefono: +55 11 4593 9200
Europa
Sede regionale Pommerloch,
Lussemburgo
19 Route de Bastogne Pommer-
loch, Lussemburgo, L-9638
Telefono: +352 269 050 35
Fax: +352 269 050 45
www.avient.com
http://www.avient.com