https://www.avient.com/sites/default/files/2020-03/Global_High_Yield_%26_Leverage_Conference %281%29.pdf
V I S I O N
PolyOne Corporation 4
To be the world’s
premier provider of
specialized polymer
materials, services and
solutions
C O R E
V A L U E S
P E R S O N A L
V A L U E S
Honesty IntegrityRespect
Operational
Commercial
Specialization
Globalization
Collaboration ExcellenceInnovation
To be the world’s
premier provider of
specialized polymer
materials, services
and solutions
S A F E T Y F I R S T
PolyOne Corporation 5
Injuries per 100 Workers
Spartech
Acquisition
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
0.51
0.56
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
C O M M O D I T Y T O S P E C I A L T Y T R A N S F O R M A T I O N
PolyOne Corporation 6
• Volume driven,
commodity
production
• Heavily tied to cyclical
end markets
• Performance largely
dependent on non-
controlling joint
ventures
• Shift to value-based
selling & an innovative
culture
• New leadership team
appointed
• Implementation of
four pillar strategy
• Investment in
commercial training
and innovation
• Faster growing, high
margin focus
• Accelerated growth
with world class
vitality index
• Significant
commercial resource
additions
• Expanded margins
with specialty focus
• Acquired strategic,
bolt-on companies to
expand technology
offerings and improve
geographic breadth
Volume Value Transformation The Future
2006 - 2013 2013 – 20192000-2005 2006 - 2013
• Landmark portfolio
transformation
creates specialty
growth company
• Sustainability / mega-
trends drive above
market growth
2020 and
Beyond
PolyOne Corporation 7
P O L Y O N E
2 0 1 9 R E V E N U E | $ 2 . 9 B I L L I O N
Segment End Market Geography
15% Healthcare
Wire & Cable
Building &
Electrical &
Electronics
Color
Additives
& Inks
34%
Distribution
41%
Specialty
Engineered
25%
54%
Latin
America
P R O O F O F P E RFO RMAN CE
C O N S E C U T I V E
Y E A R S
10
A D J U S T E D E P S E X P A N S I O N
PolyOne Corporation 8
$1.69
$1.51
S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H
PolyOne Corporation 9
P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E
Double digit
annual EPS
growth
Expand specialty portfolio
with strategic acquisitions
Innovate and develop new
technologies and services
Repurchase 600K-1M
shares annually
Increase commercial
resources 5-7% annually
Double acquired
company margins
Enhance efficiencies
through Lean Six Sigma
and commercial excellence
531
710
1,042
130
164
208
504
663
880
2014 2018 2019E PF*
R&D / Technical Marketing Sales
PolyOne Corporation 10
+ 34%
+ 26%
+ 32%
E X P A N S I O N O F COMMERCIAL RESOURCES D R I V I N G G R O W T H
$2.9 $2.9
$3.5
2015 2016 2017 2018 2019E
PF
Total
+ 9%
Organic
+ 5%
Revenue in Billions
Total
+ 10%
Organic
+ 7%+ 47%
+ 27%
+ 33%
$4.0
$3.2
2019E PF*
Lead
Specialists
T H E E V O L V I N G C U S T O M E R R E L A T I O N S H I P
PolyOne Corporation 11
Expanded Path
Traditional Path
Strategic Accounts/
Field Sales
Business
Development
Customer
Service
Web and Social
Media
Inside Sales
PolyOne Corporation 12
Investments in digital and dedicated inside sales to
improve customer experience
110% increase in leads (from 6,000 to 12,700) driven
by website, phone, and online chat
EXPANDED PATH
A D D I N G C U S T O M E R T O U C H P O I N T S
4
33
Inside sellers
$11M
$87M
Inside sales/digital revenue
A L I G N I N G W I T H T R E N D S F O R G R O W T H
T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R
PolyOne Corporation 13
Facilitate
alternative
energy
solutions
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
R E V E N U E F R O M S U S T A I N A B L E S O L U T I O N S
PolyOne Corporation 14
2016 2017 2018 2019
Lightweighting Reduced Material Requirements Improved Recyclability
Renewable Energy Applications Eco-conscious Bio-derived Content
Reduced Energy Use VOC Reduction
$275M
$325M
$355M
$410M 14% Total Annual Growth
9% Organic Annual Growth
I N N O V A T I O N
PolyOne Corporation 15
Customization
55%
M&A
Innovation
Pipeline
Innovation comes from Research & Development Spend
($ millions)
Vitality Index
% of sales from products launched last 5 years
37%
2006 2019
$20
$51
2006 2019
Transformational
Opportunity for Growth
Through M&A
Adjacent
Opportunity for
Growth Through New
Product Pipeline
Core
Customization
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 16
Incremental
development
from existing
base of
technology
New development
adjacent to current
New technology
development
outside of and with
our current base
Service adjacent
markets and
Create new
markets, target
new customer
needs
Service existing
markets and
Market
Technical
I N N O V A T I O N
Non-Halogen Flame
Retardants
Barrier Technologies
Fiber Colorants
Advanced Composites
Thermoplastic Elastomers
Gordon Composites/
Polystrand – Composites
GLS – Thermoplastic Elastomers
ColorMatrix – Liquid Color & Additives
PlastiComp
Fiber-Line
I N N O V A T I O N S P O T L I G H T :
C O M P O S I T E S
PolyOne Corporation 17
C O M P O S I T E M A T E R I A L S
Glass
Carbon Aramid
Thermosets
Thermoplastics
PolymersFibers
PolyOne Corporation 18
Focused End Markets
• Wire & Cable / Electrical
• Consumer
• Transportation
• Industrial
C O M P O S I T E S P O R T F O L I O
D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G
M A N U F A C T U R E R S A N D O E M S
PolyOne Corporation 19
LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers
P O L Y O N E A P P L I C A T I O N S I N F I B E R O P T I C C A B L E S
PolyOne Corporation 20
1.
Cable jacket/sheath– Made of
PE
9
Fiber-Line Product
PolyOne Materials
F I B E R O P T I C A L G R O W T H D R I V E R S
PolyOne Corporation 21
5G Networks
Enable lower latency, greater
flexibility & efficiency
Installation of these networks are
in the very early stages
Installation will start in urban
hubs and will continue to expand
into suburban and rural areas
By 2025, only 14% of the world
will have 5G connections
Growth is expected over multi-
year period
5G technology will be a leading growth driver in fiber optic cable for several years
10x
Speed Increase
&
8x
More Antennae Required
5G vs. 4G
PolyOne Corporation 22
Safety Technology Geography Service FinancialPeople
Low EH&S
risk profile
New and
complementary
technologies
Leverage our
global footprint
Strong
customer
relationships
Foundational
operating
margins of
8-10% with
ability to double
Motivated team
with a specialty
culture
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 23
Capture
sourcing
synergies
Cross-sell
& blend
8-10%
operating
margins
I N V E S T - T O - G R O W M & A P L A Y B O O K
Protect
Retain
employees
Implement LSS to
drive efficiency
improvements
Innovate with
combined
portfolio
Safety
First!
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
Transformational M&A with PP&S divestment and pending acquisition of
Clariant Masterbatch business
Growing leadership position in attractive markets
Innovation, technology and service are differentiators
Capital management is a strength: Record-setting cash generation to
continue for years
Proven acquisition strategy with robust pipeline
Commercial investments are fueling momentum and generating organic
growth
SERVICE:
T H E T I M E L E S S
D I F F E R E N T I A T O R
PolyOne Corporation 40
T A L E N T D E V E L O P M E N T
PolyOne Corporation 41
Leadership Program Participants
2012
2013
2015
47
86
2016
2019
125
169
412
Campus Hires
2008
2011
2017
25
90
47
PolyOne LSS Blackbelts
2008
2011
2019
67
247
147
2019 134
A U N I Q U E C U S T O M E R E X P E R I E N C E
Industrial
Design
IQ DESIGN
PolyOne Corporation 42
Computer
Aided
Engineering
Design
Strategy
3
15
Designers &
Engineers
$0
$15M
$4M
$87M
Opportunity funnel Total Revenue
LSS CUSTOMER FIRST
PolyOne Corporation 43
Customer Engagements
Enables sales growth by building more intimate
customer relationships, giving us insight to customers’
needs, with a service that is not easily replicated
2 210
I N N O V A T I N G W I T H P O L Y O N E
PolyOne Corporation 44
SEGMENT HIGHLIGHTS
C O L O R , A D D I T I V E S & I N K S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 45
Solid
Colorants
Performance
Screen
Printing Inks
Liquid
Colorants
Wire &
Appliances
Electrical & Electronics
Operating Income & MarginRevenue by Region
C O L O R , A D D I T I V E S & I N K S
2 0 1 9 R E V E N U E | O V E R $ 1 B I L L I O N
PolyOne Corporation 46
34%
United
States
44%
Mexico
South
America
$4
$25
$104
$147
0.9%
5.5%
12.2%
14.7%
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
E N D M A R K E T S & S O L U T I O N S
PolyOne Corporation 47
Engineered
Formulations
Advanced
Composites
Thermoplastic
Elastomers
Telecommunications
(FOC)
Electrical & Electronics
Building &
Construction
Note: (FOC) refers to Fiber Optic Cabling
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
Revenue by Region Operating Income & Margin
2 0 1 9 R E V E N U E | $ 7 5 0 M I L L I O N
PolyOne Corporation 48
27%
United
States
54%
17%
$21
$57
$87
0.1%
5.1%
9.3%
11.6%
D I S T R I B U T I O N
E N D M A R K E T S & S U P P L I E R S
PolyOne Corporation 49
28%
23%
Electrical &
Electronics
Building &
Operating Income & Margin2019 Revenue | $1.2 Billion
$25
$63
$75
$20
2.9%
4.0%
5.9%
6.3%
http://www.polyone.com/Pages/VariationRoot.aspx
O V E R V I E W O F R A W M A T E R I A L P U R C H A S E S
PolyOne Corporation 50
Performance
Polyethylene
Pigments
Styrenic Block
Copolymer 7%
Nylon
TiO2
Polypropylene
Dyestuffs
Plasticizers
Other Raw
$900 million of raw material purchases in 2019 excluding Distribution business
Note: All figures exclude divested PP&S business
T A R G E T E N D M A R K E T S &
A P P L I C A T I O N E X A M P L E S
PolyOne Corporation 51
Thermally Conductive
Chemical Resistant
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composites
Antimicrobial Technologies
Anti-Counterfeiting
Target End Markets… Healthcare
Catheter Technologies
Under-hood Components
Target End Markets… Automotive
Interior Structural
Sound & Vibration
Management
Roof Systems
Air Management
Electronics and Cameras
Lighting
Exterior / Interior Trim
Braces & Brackets
Fasteners
Seals & Flaps
Target End Markets… Consumer
Thermally Conductive
Polymer Colorants
Elastomeric Grips and
Handles
Structural Composite
Oxygen Scavenger
Laser Marking Additives
Antistatic Technologies
UV Light Barrier Technologies
Cap & Closure Colorants
Process Optimization
Antioxidant Technologies
Density Modified
Target End Markets… Packaging
Impart weight, sound and
metallic finish to caps and
closures for cosmetics and
spirits applications
Elevate quality and
prestige perceptions
among high-end
consumers
Eliminate time and cost
associated with secondary
operations and assembly
Luxury Packaging
GravitechTM Density Modified Polymers
Eliminate costs by
increasing pigment density
Enhance color
performance without
altering form and
formulation
Increase design
capabilities by reducing
weight and layer thickness
Optimize Color Usage
OnColorTM Super Concentrates
Inhibit microbial growth on
polymer surfaces
Enhance value or products
and devices
Highly versatile
concentrate with the
ability to be incorporated
into a wide variety of
products
Combat Bacteria Formation
WithStandTM Antimicrobial Technology
Durable, long-lasting products stand
up to the most aggressive
disinfectants
Minimize environmental stress
cracking and discoloration
One of the broadest medically
approved polymer and colorant
portfolios
Medical Device Housings
Chemically Resistant Engineered Polymers
Color & Design Services
Greater control of color
development and supply chain
Work across entire design
process from concept to
commercialization
Inspire creativity in the use of
polymer materials, colors, and
effects
Innovative brand differentiation
Faster development timelines
Outdoor Applications
Leading provider of high
performance specialty materials
for the recreational and sports &
leisure industry
Well positioned across all
segments to address market needs
Metal to Polymer Conversion
Lightweighting
Thermal Management
Impact Performance
ColorMatrix Fiber Colorant
Solutions
Proprietary advanced liquid color
formulations and equipment
enable greater efficiency and
productivity
Eliminates aqueous dyeing and its
associated wastewater treatment
Solid Color Concentrates
Extrusion-spun fibers colored via
solid masterbatch
Fiber Colorants
PolyOne Corporation 63
Global high yield & leveraged finance Conference
Forward Looking Statements
USE OF �NON-GAAP�MEASURES
Vision
Safety First
Commodity to Specialty Transformation
PolyOne�2019 Revenue | $2.9 billion
Slide Number 8
Sustainable Path to Double-Digit EPS Growth
Expansion of Commercial Resources driving growth
The Evolving Customer Relationship
Slide Number 12
Aligning with trends for Growth
Revenue from Sustainable Solutions
Innovation
3 Horizons of Development
Innovation Spotlight: Composites
COMPOSITE MATERIALS
COMPOSITEs Portfolio�Diverse Capabilities and Solutions Serving Manufacturers and OEMS
PolyOne applications in Fiber optic cables
Fiber optical growth drivers
Invest-to-Grow M&A Strategy
Invest-to-Grow M&A Playbook
Invest-to-Grow Proof of performance
Clariant Masterbatch Acquisition Drives�Next Level Specialty Transformation
Transformation Headlines
Fit with Four Pillar Strategy
End Market Transformation
End Market Transformation
Complementary Geographic Presence
Slide Number 31
PolyOne + Clariant Masterbatch Business
Over 85% of Adjusted EBITDA from Specialty
Transaction overview
Significant Synergy Opportunities
Attractive Financing Structure
Slide Number 37
Returning cash to shareholders�Over $1.2 Billion since 2011
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/September%2520Investor%2520Presentation.pdf
Cable jacket/sheath– Made of
PE or PVC
9
Fiber-Line Product
PolyOne Materials
F I B E R O P T I C A L G R O W T H D R I V E R S
PolyOne Corporation 22
5G Networks
Enable lower latency, greater
flexibility & efficiency
Installation of these networks are
in the very early stages
Installation will start in urban
hubs and will continue to expand
into suburban and rural areas
By 2025, only 14% of the world
will have 5G connections
Growth is expected over multi-
year period
5G technology will be a leading growth driver in fiber optic cable for several years
10x
Speed Increase
&
8x
More Antennae Required
5G vs. 4G
PolyOne Corporation 23
Safety Technology Geography Service FinancialPeople
Low EH&S
risk profile
New and
complementary
technologies
Leverage our
global footprint
Strong
customer
relationships
Foundational
operating
margins of
8-10% with
ability to double
Motivated team
with a specialty
culture
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 24
Capture
sourcing
synergies
Cross-sell
& blend
8-10%
operating
margins
I N V E S T - T O - G R O W M & A P L A Y B O O K
Protect
Retain
employees
Implement LSS to
drive efficiency
improvements
Innovate with
combined
portfolio
Safety
First!
Tax adjustments include the net tax benefit/(expense) from one-time income tax items, the set-up or reversal of uncertain tax position
reserves and deferred income tax valuation allowance adjustments.
PolyOne investor presentation
Forward Looking Statements
USE OF �NON-GAAP�MEASURES
Vision
Safety First
PolyOne Post pp&s divestment�2018 Revenue | $2.9 billion
Proof of Performance
Sustainable Path to Double-Digit EPS Growth
Investment in Commercial Resources driving growth
The Evolving Customer Relationship
Slide Number 11
Aligning with trends for Growth
Innovation
3 Horizons of Development
Innovation Pipeline
Innovation Spotlight: Composites
Composites Refresher
Strategic Investment History
COMPOSITES in Transportation
Fiber-line highlights
PolyOne applications in Fiber optic cables
Fiber optical growth drivers
Invest-to-Grow M&A Strategy
Invest-to-Grow M&A Playbook
Invest-to-Grow Proof of performance
Invest-to-Grow Driving the future
Strong Pipeline�driven by fragmented Market
Returning cash to shareholders�Over $1.2 Billion since 2011
ROIC drives shareholder return
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2022-01/Bergamid Laser Welding Solutions Product Bulletin.pdf
To further support customers, Avient offers a range
of value-added services and is ready to collaborate
on part design, material compatibility evaluations,
laser welding process selection and more to drive
success.
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
Keeping Safety First
o Relentless focus on best-in-class safety performance as an
ACC Responsible Care® organization
Exceeding Customer Expectations
o Complementary technologies and customer relationships offer
opportunity for future revenue synergies
o Proven innovation-led commercial strategy with strong brands
and participation across the full value chain
Collaboration in Innovation
o Leveraging Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight and high
performance applications
People – Culture is Everything
o Talented, passionate and collaborative associates drive an
effective integration strategy
o Strong Great Places to Work® scores reflect positive
integration efforts in first year
AVIENT PROTECTIVE MATERIALS INTEGRATION
AVIENT PROTECTIVE MATERIALS
K E Y I N D U S T R I E S
PERSONAL PROTECTION
Military • Law Enforcement • First
Responders • Body Armor • Helmets •
Vehicle Protection
50%
MARINE & SUSTAINABLE
INFRASTRUCTURE
Towing / Mooring • Aquaculture •
Floating Wind • Offshore Cranes
30%
CONSUMER
Consumer • Outdoor High Performance •
Safety Equipment
4 Figures reflect approximate proportions of 2022 sales
Q 1 P ER FO RM A N CE
Q1 2023 PERFORMANCE VS.
FX -11%
FX -3%
Total Avient -14%
YoY Comparison against 2022 pro forma results
• Aging infrastructure driving need for greater
technological advancements and upgrades
• Increased focus on strength and capacity
of electrical grid plays into further adoption
of composites into the market
UV, weather-resistance, customized
capabilities
Best-in-class customer responsiveness
Local high-quality manufacturing,
unparalleled breadth of portfolio
Expanding position in insulators, utility
poles, crossarms, and wind energy
Avient Confidential 11
ENERGY
11
• Fiber-optic investments from AT&T, Corning,
Commscope continue to drive industry toward
innovation
• $42B BEAD program in Infrastructure Bill to
increase cable deployments; well-positioned to
capitalize on “Made in America” requirement and
“last mile” buildout
Flame retardance, weather-resistance enables
faster, safer, more reliable connections
Local manufacturing, unparalleled breadth of
portfolio
Expanding position in insulation for wire
jacketing, 5G buildout
TELECOMMUNICATIONS
Source: U.S.
https://www.avient.com/sites/default/files/2023-04/Fiber Colorants and Additives Brochure.pdf
FIBER
COLORANTS
& ADDITIVES
TYPICAL APPLICATIONS
• Clothing: apparel, hosiery, sportswear,
shoes
• Home: upholstery, carpets, furniture,
curtains
• Outdoor: awnings, umbrellas,
automobile/boat covers
• Automotive: seat covers, floor systems,
headliners, side panels, tyrecords
• Technical: ropes, belts, luggage,
monofilament fishing yarn, artificial
grass
• Healthcare & Sanitary: diapers,
hygiene products, face masks, surgery
gowns, wound dressing
• Building & Construction: filtration
systems, flooring, padding, geotextiles
From the clothes we wear to the upholstery in the
cars we drive, color plays a major role in driving
consumer appeal.
Product range
• Flame retardants to reduce flammability of
fibers and fabrics especially in building and
construction applications
• Light stabilizers to protect fibers used outdoors
or exposed to sunlight against UV light
• Antimicrobials to protect hygienic fiber products
from bacteria proliferation
• Antistatics to reduce electrostatic charges
• Antioxidants to reduce polymer oxidation during
spinning and protect fabrics during service life
• Optical brighteners to provide a brilliant white
effect and blueish hue
• Electrets to retain electrostatic charge on the
polymer surface for a longer period of time in
filtration applications
• Hydrophobics to impart durable water repellency
• Chain extenders for recycled polyester fibers
• Others on request
Product characteristics
• Good spinnability
• Fiber-specific QC and protocols
• Lot-to-lot consistency
• Carriers: PET, PBT, PA 6, PP, and others
• Possibility to combine colors and additives into
a combination concentrate for convenience
• Product guidance from our fiber expert team
• Focus on safe and sustainable formulations
• Continuous filaments (POY, FDY, HOY, BCF)
• Long and short spinning staple fiber
• Nonwoven processes (spunbond and meltblown)
Cesa™ Fiber
Additives
MagIQ™ Liquid Fiber
Colorants & Additives
Multiple color production
• Depending on the manufacturing set-up, several
injection points can be added to enable multiple
color production at the same time on a single
extruder
Batch size flexibility
• Fiber producers can manufacture anything from
a few kilograms to hundreds of tons using the
same simple process
Rapid color changes
• No extruder contamination and easy color-on,
color-off operation increases color change speed
Waste reduction
• Rapid color changes, precise metering and
the ability to adjust color in-line reduces waste
during color changeovers
Continuous metering & long spin pack life
• High pigment and dye concentrations mean
fewer pack changes are required
• Where color is running low for larger volume
runs, low level metering sensors alert operators
and packs can be changed without disrupting
production
In-line IV adjustment
• Specialist additives are available to adjust
Intrinsic Viscosity (IV) in-line for rPET
applications
• These additives are available as single products,
or can be combined with color to create a multi-
functional formulation
Color design service
• Avient offers a dedicated color design service to
help shorten product development cycles and
enhance market agility
Liquid color processing
• Formulations are stable at temperatures up
to 60°C and retain good flow properties at
temperatures as low as 10°C
• These formulations can help lower yarn friction
and abrasion, and there is no fuming
or evaporation during production
Avient’s liquid fiber colorant technology combines advanced liquid color
formulations with state-of-the-art, high-pressure metering equipment to
enable late-stage injection of liquid color for spun-dyed polymer melt.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Presentation - Website.pdf
Additionally, Adjusted EPS excludes the impact of special items and amortization expense
associated with intangible assets.
2
O P E N I N G RE MARK S
B O B P A T T E R S O N
C H A I R M A N , P R E S I D E N T A N D C E O
Complementary technologies and
customer relationships offer opportunity to
advance commercial strategy
Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight
and high performance applications
AVIENT PROTECTIVE MATERIALS
FIRST YEAR
4
Composites comprises over half of
Specialty Engineered Materials,
compared to 9% in 2016
Proven history of success in areas
such as outdoor high performance,
defense and sustainable solutions
Composites
44%
56%
2023E
Sales
Collaboration & InnovationComposites as a % of SEM People & Culture
Talented, passionate, and
creative associates drive
continued integration success
and allow two cultures to come
together as one Avient
Lightweight Protective Laminates:
PROJECTILE PROTECTION
Dyneema® Fiber Solutions
Cushioning + Fit + Comfort:
LONG-TERM WEAR
reSound™ Versaflex™ Thermoplastic Elastomers
Strength + Durability + Light-Weighting:
SOLID MOUNTING BRACKETS
Nymax™ Bergamid™ Complēt™ Engineered Materials
Durability + Lubricity:
HELMET LATCHES
Lubri-One™ Internally Lubricated Polymers
Color Consistency and Weatherability
CUSTOMIZED SPECIFICATIONS
Avient Color and Additive Solutions
Antennae Performance
FAST, RELIABLE CONNECTIONS
PREPERM™ Low-Loss Dielectric Thermoplastics
AVIENT PROTECTIVE MATERIALS
CROSS SELLING OPPORTUNITIES
Wired Connections
CONSTANT COMMUNICATION
Syncure™ Cross-linkable Wire & Cable Formulations5
6
AVIENT PROTECTIVE MATERIALS
CROSS SELLING OPPORTUNITIES
6
Q 3 P E RFO RMAN CE
15.4%
16.3%
2022 PF 2023
Results vs.
PRIOR YEAR
$790
$710
2022 2023
$107
$112
2022 2023
Sales Adjusted EBITDA
$0.42
$0.47
2022 PF 2023
Adjusted EPS
- 10% + 5% + 12%
Sales Adjusted EBITDA Adjusted EPS
12
$112
$500
$0.47
$2.30
Q4 AND FULL YEAR 2023 GUIDANCE
$710
$3,130
Sales Adjusted EBITDA Adjusted EPS
13
(in millions) (in millions)
Guidance: Free Cash Flow
$180 $180
Prior Guidance Guidance
FREE CASH FLOW & INCREASED DIVIDEND
13th Consecutive Dividend Increase
0.16
0.26
0.42
0.58
0.79
0.85
0.99
1.03
2011 2013 2015 2017 2019 2021 2023 2024
14
S U S TAI NABI L I T Y DAY
RE CAP
SUSTAINABILITY AS A GROWTH DRIVERLONG-TERM REVENUE GROWTH DRIVERS
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
Growth Drivers Long-Term
Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other (GDP growth) 0–2%
Avient 6%
17
SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH
8-12%
Long Term
Growth
50
90
2022 2030
Medical Plastics
Market Size
(in $Billions)
2020 2030
Recycled
Plastics
Virgin
Plastics
Growing Demand
for Recycled
Content
Avient Sustainable
Solutions
18
46
2023 2032
Global Offshore Annual
Wind Installations
(in Gigawatts)
Sources: McKinsey, Bloomberg, Grand View Research
SUSTAINABILITY TRENDS DRIVE
LONG-TERM GROWTH
18
• Transformative acquisitions
combined with divestitures of
more cyclical businesses have
improved margins over 400 bps
since 2018
• 20% long-term margin goal to
be driven by key growth drivers,
with sustainable solutions
playing a meaningful role
5.4%
11.5%
16.0%
2006 2018 2023E Recovery Growth
Drivers
Strategic
Objective
20%+
+1%+
+3%+
ADJUSTED EBITDA MARGIN EXPANSION
19
• 6% annualized long-term sales growth leveraging
sustainable solutions, composites, healthcare, and
emerging regions
• Expand EBITDA margins to 20%
• Deliver annual EBITDA and EPS growth of
10% and 15%
• Maintain asset-light, 80% free cash flow conversion
profile and be valued as a specialty formulator
• Continue fostering our Great Place to Work® culture
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
20
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/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Performance%2520Products%2520and%2520Solutions.pdf
HealthCare
Transportation
8%
Textiles
Target
Page 85
• Trend toward more
affordable housing
favors our product
1.5
2.0
2.5
Housing Starts
(in million units)
50 year average
Market Dynamics
• Ultimate housing
recovery presents
substantial upside to
already record-
setting results
Source: Historical Data from the US Census Bureau,
2012 estimate is a PolyOne projection.
0.0
0.5
1.0
'87 '89 '91 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12
Page 86
Value Proposition
• Premier provider of specialized vinyl and supply chain solutions, leading
the industry in innovation and service
Transformation Highlights
• Management upgrades ensure that each PP&S business
Value Proposition and Transformation Highlights
• Management upgrades ensure that each PP&S business
maximizes performance
• Asset realignment and Lean Six Sigma reduce costs
• Strengthened relationship with winning customers
• Increased differentiation in all business units
> $12B Addressable Market
Page 87
Key Differentiators
• Providing application design, material design
and / or process design assistance not available
from competitors
• Capability to improve joint value streams
• We are the best innovator in our space • We are the best innovator in our space
• Expanding customers’ opportunities
by providing innovative materials
and marketing ideas
• We provide world-class customer
service and delivery performance
Page 88
13.7% 14.3%
15.5%
9.9%
6.2%
5.4%
WC % of Sales
• Best-in-class working
capital management and
delivery performance
• Improved raw material
Areas of Focus – Operational Excellence
89.1%
92.0%
94.2%
93.4% 93.4% 94.0%
On-Time Delivery
• Improved raw material
positions, sourcing savings
• PolyOne pilot site for many
LSS and manufacturing
excellence programs
*As measured to customer request date
*
Page 89
• reFlexTM Bioplasticizers
Applications: Wide variety of flexible vinyl-based products
• GeonTM HC for Healthcare
� Applications: Medical device housings, specialty tubing
� Customer benefits: Withstand aggressive antiseptics
Key Innovations
� Applications: Wide variety of flexible vinyl-based products
� Customer benefits: Lower carbon footprint,
improved productivity
• GeonTM SF Super Flow
� Applications: Large appliance parts, molded siding panels
� Customer benefits: Flame retardancy, detergent resistance
Page 90
Critical Imperatives and 2015 Goal
Critical Imperatives
• Accelerate innovation - grow in new applications not
historically served with vinyl
• Drive continuous improvement in manufacturing and
working capital efficienciesworking capital efficiencies
• Selectively leverage construction recovery
2015 Goal
• 9 - 12% return on sales
Page 91
Page 92
https://www.avient.com/sites/default/files/2020-09/bettcher-case-study-1.pdf
An injection molded solution, Complēt offered Bettcher
Industries faster, single-step production with repeatable
quality that enabled them to drive down overall
production costs.
https://www.avient.com/sites/default/files/2023-10/reSound REC Automotive Interior Grades Product Bulletin.pdf
PRODUCT BULLETIN
reSound™ REC Recycled Content TPEs
Sustainable TPEs for automotive interiors
The demands for improved sustainability continue
to drive innovation and change across the
transportation industry.
https://www.avient.com/sites/default/files/2021-04/versaflex-computer-mouse-case-study.pdf
A CUSTOMIZED SOLUTION THAT DELIVERS AN ENHANCED
USER EXPERIENCE, DRIVING INCREASED MARKET SHARE AND
OVER $400,000 IN NEW SALES REVENUE FOR THE CUSTOMER