https://www.avient.com/sites/default/files/resources/Innovation%2520Day%2520-%2520May%25202014.pdf
The above list of factors is not exhaustive. We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
The non-GAAP financial measures include: adjusted EPS, earnings before interest, tax, depreciation and amortization (EBITDA), adjusted EBITDA, net debt, Specialty platform operating income, Specialty platform gross margin percentage, adjusted operating income, return on invested capital, net debt/ EBITDA, and the exclusion of corporate charges in certain calculations.
Richardson Executive Vice President, Chief Financial Officer PolyOne Corporation Page 15 Track Record of Accelerated Growth Total Revenue Adjusted EPS Adjusted EBITDA $2,061 $2,506 $2,709 $2,861 $3,771 2009 2010 2011 2012 2013 ($ in millions, except EPS ) $105 $179 $202 $255 $344 2009 2010 2011 2012 2013 $0.13 $0.68 $0.82 $1.00 $1.31 2009 2010 2011 2012 2013 PolyOne Corporation Page 16 $0.31 $0.44 $0.20 $0.30 $0.40 Q1 2013 Q1 2014 Adjusted EPS $42 $60 $20 $40 $60 Q1 2013 Q1 2014 Specialty Operating Income ($ millions) Q1 2014 Financial Highlights Growth momentum accelerates driven by specialty platform Specialty segments and Distribution achieve record results All segments increase operating income compared to prior year Revenue grew 25% versus Q1 2013 +43% +42% $57 $79 $30 $60 $90 Q1 2013 Q1 2014 Adjusted Operating Income ($ millions) +39% PolyOne Corporation Page 17 Commitment to Operational Excellence 81% 96% 2006 2013 16.2% 10.9% 2006 2013 On-Time Delivery Working Capital % of Sales 5.0% 31.0% 2006 2013 Percent of Associates Trained in LSS Three consecutive years – CFO Magazine Best Working Capital Management Program in the chemical industry World’s Best Business Process Excellence Program in 2012* 95 certified Black Belts 211 certified Green Belts 422 Project Leaders World’s Best “Start-up Program” for Lean Six Sigma Deployment in 2009* *Both awards received from International Quality and Productivity Center PolyOne Corporation Page 18 Debt Maturities & Pension Funding – 3/31/14 Net Debt / EBITDA* = 1.9x $48 $317 $600 $0 $100 $200 $300 $400 $500 $600 $700 $800 2015 2020 2023 Debt Maturities As of March 31, 2014 ($ millions) Coupon Rates: 7.500% 7.375% 5.250% *TTM 12/31/2013 ** includes US-qualified pension plans only 60% 100% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 2014 Pension Funding** As of March 31, 2014 PolyOne Corporation Page 19 Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return $0.16 $0.20 $0.24 $0.32 $0.10 $0.20 $0.30 $0.40 2011 2012 2013 2014 Annual Dividend Expanding our sales, marketing, and technical capabilities Targets that expand our: • Specialty offerings • End market presence • Geographic footprint • Operating Margin Synergy opportunities Adjacent material solutions Repurchased 1.4 million shares in Q1 2014 Repurchased 6.4 million shares since April 2013 13.6 million shares are available for repurchase under the current authorization Organic Growth Acquisitions Share Repurchases Dividends Investing in operational and LSS initiatives (including synergy capture) Manufacturing alignment PolyOne Corporation Page 20 3.07 3.05 1.81 1.45 1.82 1.54 0.85 3.15 1.17 1.69 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 0.91 PolyOne Valuation Aspirations PEG Ratio Comparison Represents $38 of share price upside Avg = 1.96 PolyOne Corporation Page 21 Innovating for the Future Dr.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Globalization.pdf
• Capital projects heavily focused on enabling international growth �Greenfield Color facility in India�Greenfield Color facility in India �New TPE line in Brazil �Joint venture with E.A.
https://www.avient.com/sites/default/files/2023-02/KristenGajewski.pdf
Gajewski joined Avient in July 2013 from AkzoNobel/PPG and has since taken on multiple roles with increasing responsibility within the Human Resources function, including HR Director for Avient’s Color, Additives & Inks business segment, and an international assignment with responsibility for the EMEA and India regions.
Gajewski led Avient’s learning and organizational development programs, talent management and acquisition, as well as working as the HR Director for all global Corporate Functions.
https://www.avient.com/sites/default/files/2024-12/2024 Avient Executive Bios_Kristen Gajewski.pdf
Gajewski joined Avient in July 2013 from AkzoNobel/PPG and has since taken on multiple roles with increasing responsibility within the Human Resources function, including HR Director for Avient’s Color, Additives & Inks business segment, and an international assignment with responsibility for the EMEA and India regions.
Gajewski led Avient’s learning and organizational development programs, talent management and acquisition, as well as working as the HR Director for all global Corporate Functions.
https://www.avient.com/sites/default/files/2024-08/Avient Q2 2024 Earnings Call Presentation.pdf
The non-GAAP financial measures include: Adjusted Earnings Per Share, Adjusted EBITDA and adjusted EBITDA margins.
EBITDA $143 million +9% Adj.
EBITDA Margin 16.9% +100 bps Adj.
https://www.avient.com/sites/default/files/2025-01/AVNT Dec 2022 Earnings Presentation Updated.pdf
We will uphold these values with the utmost integrity in all that we do.
EBITDA ($ in millions) Adj.
All figures are full year estimates.
https://www.avient.com/sites/default/files/2023-01/AVNT Dec 2022 Earnings Presentation.pdf
We will uphold these values with the utmost integrity in all that we do.
EBITDA ($ in millions) Adj.
All figures are full year estimates.
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
Given these factors we anticipate full-year sales of $3.45 billion, adjusted EBITDA of $530 million and adjusted EPS of $2.40.”
The non-GAAP financial measures include adjusted EPS, adjusted operating income, adjusted gross margin and adjusted EBITDA.
The above list of factors is not exhaustive.
https://www.avient.com/sites/default/files/2022-08/AVNT Aug 2022 Presentation - Jefferies.pdf
We will uphold these values with the utmost integrity in all that we do.
We also monitor earnings (defined as net income from continuing operations) before interest, taxes, depreciation and amortization (EBITDA) and adjusted EBITDA (EBITDA before the impact of special items) as a supplement to our GAAP measures.
EBITDA and Adjusted EBITDA are non-GAAP financial measures that management uses in evaluating operating performance.
https://www.avient.com/sites/default/files/2022-11/Avient Announces Third Quarter 2022 Results.pdf
The above list of factors is not exhaustive.
The non-GAAP financial measures include adjusted EPS, adjusted operating income, adjusted gross margin and adjusted EBITDA.
Three Months Ended September 30, 2022 2021 GAAP Results Special Items Adjusted Results GAAP Results Special Items Adjusted Results (Loss) income from continuing operations before income taxes $ (29.0) $ 82.0 $ 53.0 $ 35.4 $ 19.9 $ 55.3 Income tax expense - GAAP 1.2 — 1.2 (2.0) — (2.0) Income tax impact of special items (Attachment 3) — (20.5) (20.5) — (4.6) (4.6) Tax adjustments (Attachment 3) — 6.8 6.8 — (3.6) (3.6) Income tax (expense) benefit $ 1.2 $ (13.7) $ (12.5) $ (2.0) $ (8.2) $ (10.2) Effective Tax Rate(1) 4.1 % 23.7 % 5.7 % 18.4 % (1) Rates may not recalculate from figures presented herein due to rounding 14 Nine Months Ended September 30, 2022 2021 GAAP Results Special Items Adjusted Results GAAP Results Special Items Adjusted Results Income from continuing operations before income taxes $141.2 $ 89.6 $ 230.8 $176.1 $ 36.5 $ 212.6 Income tax expense - GAAP (41.5) — (41.5) (32.1) — (32.1) Income tax impact of special items (Attachment 3) — (22.5) (22.5) — (8.9) (8.9) Tax adjustments (Attachment 3) — 10.8 10.8 — (1.6) (1.6) Income tax (expense) benefit $ (41.5) $ (11.7) $ (53.2) $ (32.1) $ (10.5) $ (42.6) Effective Tax Rate(1) 29.4 % 23.1 % 18.2 % 20.0 % (1) Rates may not recalculate from figures presented herein due to rounding Three Months Ended September 30, Nine Months Ended September 30, Reconciliation to EBITDA and Adjusted EBITDA: 2022 2021 2022 2021 Net (loss) income from continuing operations – GAAP $ (27.8) $ 33.4 $ 99.7 $ 144.0 Income tax (benefit) expense (1.2) 2.0 41.5 32.1 Interest expense 37.3 19.0 70.4 57.8 Depreciation and amortization from continuing operations 39.8 36.6 113.7 107.1 EBITDA $ 48.1 $ 91.0 $ 325.3 $ 341.0 Special items, before tax 82.0 19.9 89.6 36.5 Interest expense included in special items (10.0) — (10.0) — Depreciation and amortization included in special items (0.8) (0.9) (4.0) (0.1) Adjusted EBITDA $ 119.3 $ 110.0 $ 400.9 $ 377.4 NEWS RELEASE Attachment 1