https://www.avient.com/sites/default/files/resources/Innovation%2520Day%2520-%2520May%25202014.pdf
Dodd Vice President of Marketing
Thomas J.
McAlindon Senior Vice President,
President of Designed
Structures and Solutions
Fernando Sanchez Global Director of
Marketing
Global Color and Additives
Craig M.
Christopher Murphy
8:45-9:25 AM Key End Markets and
Differentiated Solutions
Robert M.
https://www.avient.com/sites/default/files/2025-01/Securities Trading Policy %282024%29 Final.pdf
Blackout” Periods: The Company’s announcement of its quarterly financial results
almost always has the potential to have a material effect on the market for the Company’s
securities.
The policy does apply, however, to
any sale of stock as part of a broker-assisted cashless exercise of an option, or any other
market sale for the purpose of generating the cash needed to pay the exercise price of an
option.
The potential penalties are severe and may include a jail term of
up to 20 years, a fine of up to $5,000,000 and a civil penalty of up to three times the
profit gained or loss avoided.
16.
https://www.avient.com/sites/default/files/2025-01/OnForce LFT-Truck Foot Pedal-Case study Snapshot.pdf
Heavy Truck manufacturer
HEAVY TRUCK
MANUFACTURER
E X T E R I O R S T E P P E D A L
• Offer pre-color support to achieve an approved silver color
formulation
• Provide a metallic look with good weather resistance and
wear performance for the exterior part
• Shorten development time to gain durability approval
• Offered color options that met desired metal
color and texture, which was different from
an ordinary plastic feel
• Achieved excellent wear performance and
weather resistance, qualifying it to replace
metal
• Provided support in achieving durability
approval, resulting in significant time and
cost savings
OnForce Long Glass Fiber Reinforced
Polypropylene Composites
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/resources/Proxy%2520Statement%2520for%2520Web%2520Hosting.pd_.pdf
Competitive Market Pay Information.
Exercise or Base Price of Option Awards (column (i))
Grant Date Fair Value of Stock and Option Awards (column (j))
Narrative Disclosure Relating to the 2018 Summary Compensation Table and the 2018 Grants
of Plan-Based Awards Table
Outstanding Equity Awards at 2018 Fiscal Year-End
Option
Exercise
Price
($)
(e)
Option
Expiration
Date
(f)
Market
Value of
Shares or
Units of
Stock That
Have Not
Vested
($)
(h)
Equity Incentive
Plan Awards:
Market or Payout
Value of Unearned
Shares, Units or
Other Rights that
Have Not Vested
($)
(j)
Name
(a)
Stock Awards
Equity
Incentive Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
(#)
(d)
Equity Incentive
Plan Awards:
Number of
Unearned
Shares, Units or
Other Rights that
Have Not Vested
(#)
(i)
Number of
Shares or
Units of
Stock That
Have Not
Vested
(#)
(g)
Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable
(c)
Number of
Securities
Underlying
Unexercised
Options (#)
Exercisable
(b)
Option Awards
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION
Number of Securities Underlying Unexercised Options (#) Exercisable (column (b))
Number of Securities Underlying Unexercised Options (#) Unexercisable (column (c))
Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (column (d))
Option Exercise Price (column (e))
Option Expiration Date (column (f))
Number of Shares or Units of Stock That Have Not Vested (column (g))
Market Value of Shares or Units of Stock That Have Not Vested (column (h))
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested
(column (i))
EXECUTIVE COMPENSATION
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have
Not Vested (column (j))
2018 Option Exercises and Stock Vested
Name
(a)
Option Awards Stock Awards
Number of Shares
Acquired on Exercise
(#)
(b)
Value Realized on
Exercise
($)
(c)
Number of Shares
Acquired on Vesting
(#)
(d)
Value Realized
on Vesting
($)
(e)
Option Awards (columns (b) and (c))
Stock Awards (columns (d) and (e))
2018 Nonqualified Deferred Compensation
EXECUTIVE COMPENSATION
Name
Aggregate Executive Registrant Aggregate Aggregate Aggregate
Balance at Contributions Contributions Earnings Withdrawals/ Balance at
in Last FY in Last FY in Last FY Distributions Last FYE
(1) ($)(2) ($)(3) ($)(4) ($) ($)(1)(5)
Potential Payments Upon Termination or Change of Control
Summary of Potential Payments
EXECUTIVE COMPENSATION
Management Continuity Agreements
Executive Severance Plan
EXECUTIVE COMPENSATION
Annual Plan
Long-Term Incentive Awards
Retirement Benefits
Payments and Benefits Upon Termination — As of the End of Fiscal Year 2018
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION
CEO Pay Ratio Disclosure
CEO Annual Total Compensation for 2018: $6,127,920
Median Employee Annual Total Compensation for 2018: $48,056
Ratio of CEO to Median Employee Annual Total Compensation for 2018: 128:1
How the Median Employee was Determined in 2017
EXECUTIVE COMPENSATION
Compensation Committee Interlocks and Insider Participation
Policy on Related Person Transactions
Risk Assessment of the Compensation Programs
EXECUTIVE COMPENSATION
Compensation Committee Report
The Compensation Committee
of the Board of Directors
MISCELLANEOUS
MISCELLANEOUS PROVISIONS
Voting at the Meeting
not
Shareholder Proposals
MISCELLANEOUS
Proxy Solicitation
We will furnish without charge to each person from whom a proxy is being solicited, upon written
request of any such person, a copy of the Annual Report on Form 10-K of the Company for the fiscal year
ending December 31, 2018, as filed with the SEC, including the financial statements and schedules thereto.
Kunkle
APPENDIX A
Year Ended Year Ended
December 31, 2018 December 31, 2017
Reconciliation to Condensed Consolidated Statements
of Income $ EPS $ EPS
Year Ended Year Ended
December 31, 2016 December 31, 2015
Reconciliation to Condensed Consolidated Statements of
Income $ EPS $ EPS
Year Ended
December 31, 2014
Reconciliation to Condensed Consolidated Statements of
Income $ EPS
Year Ended
December 31,
Reconciliation to Consolidated Statements of Income 2018 2017
As of December 31,
2018
Table Of Contents
Message From Our CEO
Notice Of 2019 Annual Meeting Of Shareholders
Proxy Summary
Proxy Statement
Proposal 1-Election Of Board Of Directors
Proposal 2-Advisory Vote To Approve Named Executive Officer Compensation
Proposal 3-Ratification Of Appointment Of Independent Registered Public Accounting Firm
Corporate Governance
2018 Non-employee Director Compensation
Ownership Of Polyone Shares
Compensation Discussion And Analysis
Executive Summary
Executive Compensation Philosophy And Objectives
What We Pay And Why: Elements Of Compensation
Other Aspects Of Our Compensation Programs
Executive Compensation
2018 Summary Compensation Table
2018 Grants Of Plan-Based Awards
Outstanding Equity Awards At 2018 Fiscal Year-End
2018 Option Exercises And Stock Vested
2018 Nonqualified Deferred Compensation
Potential Payments Upon Termination Or Change Of Control
CEO Pay Ratio Disclosure
Compensation Committee Interlocks And Insider Participation
Policy On Related Person Transactions
Risk Assessment Of The Compensation Programs
Compensation Committee Report
Miscellaneous Provisions
Appendix A
https://www.avient.com/sites/default/files/2020-10/investing-in-avient.pdf
Speed to market is essential today, and Avient plays a crucial role in our customers’
success.
From technology portfolios to end markets to geographies and distribution channels, this
acquisition made perfect sense.
In the near term we expect substantial earnings and cash flow gains as we emerge from the COVID-19
pandemic.
https://www.avient.com/sites/default/files/2020-11/investing-in-avient_0.pdf
Speed to market is essential today, and Avient plays a crucial role in our customers’
success.
From technology portfolios to end markets to geographies and distribution channels, this
acquisition made perfect sense.
In the near term we expect substantial earnings and cash flow gains as we emerge from the COVID-19
pandemic.
https://www.avient.com/sites/default/files/resources/Gabelli%2520Conf%2520-%2520POL%2520IR%2520Presentation%2520wNon%2520GAAP%2520Reconciliation%252003%252026%252015.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
The final amount of charges resulting from the planned North American asset realignment and the Company’s ability to realize anticipated
savings and operational benefits from the asset realignment;
Our ability to achieve the strategic and other objectives relating to the acquisition of Spartech Corporation, including any expected synergies;
Our ability to successfully integrate Spartech and achieve the expected results of the acquisition, including, without limitation, the acquisition
being accretive;
Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability
and cost of credit in the future;
The financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with
inadequate liquidity) to maintain their credit availability;
The speed and extent of an economic recovery, including the recovery of the housing market;
Our ability to achieve new business gains;
The effect on foreign operations of currency fluctuations, tariffs, and other political, economic and regulatory risks;
Changes in polymer consumption growth rates in the markets where we conduct business;
Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online;
Fluctuations in raw material prices, quality and supply and in energy prices and supply;
Production outages or material costs associated with scheduled or unscheduled maintenance programs;
Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
An inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working
capital reductions, cost reductions, employee productivity goals, and an inability to raise or sustain prices for products or services;
An inability to raise or sustain prices for products or services;
An inability to maintain appropriate relations with unions and employees;
The inability to achieve expected results from our acquisition activities;
Our ability to continue to pay cash dividends;
The amount and timing of repurchases of our common shares, if any; and
Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates
and changes in the rate of inflation
S&P 500
All time high of
$43.34
July 1st, 2014
PolyOne Corporation Page 9
2006 2014 2015 Target
“Where we were” “Where we are” (Est. in 2012)
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 14.7% 12 – 16%
Global Specialty Engineered
Materials 1.1% 12.1% 12 – 16%
Designed Structures & Solutions 1.4% (2012) 7.3% 8 – 10%
Performance Products &
Solutions 5.5% 7.7% 9 – 12%
Distribution 2.6% 6.1% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 65% 65 – 75%
3) ROIC* 5.0% 11.3% 15%
4) Adjusted EPS Growth N/A 37% Double Digit Expansion
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Proof of Performance & 2015 Goals
PolyOne Corporation Page 10
Continuing Earnings Growth
Double
Digit EPS
Expansion
Ongoing LSS
Programs
Incremental
Share
Buybacks
Mergers &
Acquisitions
Continued
Gross
Margin
Expansion
Mid Single
Digit
Revenue
Growth
Accelerated
Innovation &
Mix
Improvement
PolyOne Corporation Page 11
Innovation Drives Earnings Growth
*Percentage of Specialty Platform revenue from products introduced in last five years
$20
$53
2006 2014
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14%
27%
2006 2014
Specialty Platform
Gross Margin %
20%
44%
2006 2014
Specialty Vitality Index Target ≥ 35%
PolyOne Corporation Page 12
Megatrends Aligned with Key End Markets
Decreasing
Dependence
on Fossil
Fuels
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
PolyOne Corporation Page 13
60%
94%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of December 31, 2014
Debt Maturities & Pension Funding – 12/31/14
Net Debt / EBITDA* = 1.9x
$49
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of December 31, 2014
($ millions)
Coupon Rate: 7.500% 7.375% 5.250%
** includes US-qualified pension plans only *TTM 12/31/2014
PolyOne Corporation Page 14
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales,
marketing, and
technical capabilities
Investing in operational
and LSS initiatives
(including synergy
capture)
~75% of capital
expenditures fund
growth initiatives
Organic
Growth
Acquisitions
Share
Repurchases
Dividends
$0.16
$0.20
$0.24
$0.32
$0.40
$0.10
$0.20
$0.30
$0.40
$0.50
2011 2012 2013 2014 2015
Annual Dividend
Targets that expand
our:
• Specialty offerings
• End market
presence
• Geographic breadth
• Operating Margin
Synergy opportunities
Adjacent material
solutions
Repurchased 1.6
million shares in Q4
2014
Repurchased 11.3
million shares since
early 2013
8.7 million shares are
available for
repurchase under the
current authorization
PolyOne Corporation Page 15
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 16
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
Gabelli Conf - POL IR Presentation
��PolyOne Investor Presentation�Gabelli Specialty Chemicals Conference�March 2015��
Forward-Looking Statements
Use of Non-GAAP Measures
PolyOne Commodity to Specialty Transformation
PolyOne�At A Glance
Mix Shift Highlights Specialty Transformation
Confirmation of Our Strategy
Strategy and Execution Drive Results
Proof of Performance & 2015 Goals
Continuing Earnings Growth
Innovation Drives Earnings Growth
Megatrends Aligned with Key End Markets
Debt Maturities & Pension Funding – 12/31/14
Free Cash Flow and Strong Balance Sheet �Fund Investment / Shareholder Return
PolyOne Core Values
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2021-03/avient-march-ir-fermium_0.pdf
Investing in Innovation — Specialty companies invest to grow, so we ensure our
resources are concentrated on material science for high-growth end markets, poised for
value creation in the long term.
Speed to market is essential today, and Avient plays a crucial role in our customers’
success.
We will do so though our investments and focus on
sustainable solutions for high-growth markets, including healthcare,
consumer, packaging and composites/5G.
https://www.avient.com/sites/default/files/2022-05/Pipe Mfg Liquid Color App Snapshot final NEW.pdf
Pipe Mfg Liquid Color App Snapshot final (1)
P I P E M A N U FAC T U R E R
P R E S S U R E / N O N - P R E S S U R E P I P E S
• Provide a safe and compliant manufacturing environment
for all team members
• Improve weatherability and outdoor exposure longevity in
field and yard environments
• Increase color consistency and enhance pipe appearance
• Reduce scrap rates and eliminate order rejections
• Meet required compliance and regulatory approvals
• Incur no capital expense for dosing & handling equipment
• Provided a customer-centric approach focused on
gaining operational efficiencies to support an
improved manufacturing environment
• Offered formulation expertise and problem-solving
experience to upgrade pipe performance
• Attained finely dispersed TiO2 and color distribution
throughout the pipe, meeting quality requirements
while reducing scrap rates
• Delivered solutions with extensive NSF, UL and pipe
industry approvals
• Supplied dosing equipment to eliminate capital
costs, backed with on-call technical support
ColorMatrix™ Liquid Colorant + Dosing Equipment
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/investor-center/news/polyone-announces-full-year-and-fourth-quarter-2018-results
primarily in transportation and consumer end markets.
Pension & other post-retirement benefits - mark-to-market
adjustment
Gain from sale of closed facilities