https://www.avient.com/sites/default/files/resources/September%2520Investor%2520Presentation.pdf
Investor Day
P O L Y O N E
I N V E S T O R
P R E S E N T A T I O N
S E P T E M B E R 2 0 1 9
F O R W A R D L O O K I N G S T A T E M E N T S
PolyOne Corporation 2
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.
Leverage
PolyOne’s
global reach
Phase 1
Phase 2
Phase 3
18-20%
operating
margins
Invest in
commercial
resources
I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E
PolyOne Corporation 25
Commercial
Resources
Operating
Income
($ in millions)
Operating
Margins
243
340
At Acquisition Today
$36
$96
At Acquisition Today
11%
20%
At Acquisition Today
Established Acquisitions
(> 7 years)
+ 40% + 165% + 900 bps
I N V E S T - T O - G R O W D R I V I N G T H E F U T U R E
PolyOne Corporation 26
Commercial
Resources
Operating
Income
($ in millions)
Operating
Margins
138
181
251
At Acquisition Today Goal
$23 $25
$70
At Acquisition Today Goal
7% 8%
18-20%
At Acquisition Today Goal
Recent Acquisitions
PolyOne Corporation 27
Average
Company Size
# of
Possibilities
Rationale
250
• Local to regional footprint
• Niche technology focus
• Concentrated customer base
$50M–$200M 150
• Regional to global footprint
• 1–3 specialty technologies
• Diversified customer base
>$200M 30
• Global footprint with local service
• Diverse specialty technologies
• Highly diversified customer &
market portfolio
S T R O N G P I P E L I N E
D R I V E N B Y F R A G M E N T E D M A R K E T
$0
$150
$300
$450
$600
$750
$900
2011 2012 2013 2014 2015 2016 2017 2018
$890M
R E T U R N I N G C A S H T O S H A R E H O L D E R S
O V E R $ 1 . 2 B I L L I O N S I N C E 2 0 1 1
PolyOne Corporation
$0.16
$0.20
$0.24
$0.32
$0.40
$0.48
$0.54
$0.70
$0.78
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
3-Year Dividend Plan
Cumulative Share Repurchases
(In millions)
Increasing Annual Dividend
28
6.3%
14.1%
16-17%
2009 2018 Updated Expectations
R O I C D R I V E S S H A R E H O L D E R R E T U R N
PolyOne Corporation 29
PolyOne Corporation 30
W H Y I N V E S T I N P O L Y O N E ?
Adjusted EPS attributable to PolyOne common shareholders is calculated as follows:
2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2018
Net income from continuing operations attributable to
PolyOne common shareholders $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6 $ 166.4 $ 173.5 $ 161.1
Joint venture equity earnings, after tax (19.0) (14.7) (3.7) — — — — — — —
Special items, before tax(1) (48.7) 24.2 (48.1) 55.1 46.3 164.2 87.6 23.8 32.9 59.5
Special items, tax adjustments(1) (27.2) (96.7) (24.7) (18.9) (13.7) (73.7) (58.7) (15.9) (24.8) (25.3)
Adjusted net income from continuing operations
attributable to PolyOne common shareholders $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5 $ 174.3 $ 181.6 $ 195.3
Diluted shares 93.4 96.0 94.3 89.8 96.5 93.5 88.7 84.6 82.1 80.4
Adjusted EPS attributable to PolyOne common
shareholders $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96 $ 2.06 $ 2.21 $ 2.43
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principle, discontinued operations or the related resegmentation
https://www.avient.com/sites/default/files/2022-11/Vehicle HVAC System Application Snapshot.pdf
TIER 1 SUPPLIER
V E H I C L E H V A C S Y S T E M
• Rapidly develop formulations for 7 types of thermoplastic
• Help Tier 1 meet VW requirements for anti-static solutions
• Able to quickly develop 7 SmartBatch (color
+ effect additive) solutions, for 7 types of
thermoplastic
• Avient formulated the TPE used in the air
vents for this HVAC system
SmartBatch™ Combination Colorants and
Additives, Cesa™ Stat Additives, and
OnFlex™ TPE
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
IMPROVE VIAQ
Copyright © 2022, Avient Corporation
LEARN MORE
https://www.polyone.com/products/thermoplastic-elastomers/onflex-thermoplastic-elastomers
Tier 1 supplier
https://www.avient.com/sites/default/files/2024-01/308701_en_46090.pdf
View PDF
The SQS herewith attests that the organisation named below has a management system that meets the requirements of
the normative base mentioned.
7
0
0
1
_1
/A
p
ri
l
2
0
2
2
/V
er
si
o
n
2
.0
Certificate
Avient Colorants Germany GmbH
Kornkamp 50
22926 Ahrensburg
Germany
Scope
Production of Color- and Additives Concentrates,
Compounds and Foaming Agents
Normative base
ISO 50001:2018 Energy Management System
Reg. no. 46090
Page 1 of 1
Validity 20. 01. 2024 – 19. 01. 2027
Issue 20. 01. 2024
A.Grisard, President SQS F.
https://www.avient.com/sites/default/files/2021-09/avient2020sustainabilityreport-9-2-21.pdf
Lima, Peru 1.
Rancho Cucamonga, California 1.
Phoenix, Arizona (1) 24.
https://www.avient.com/sites/default/files/2020-07/avient-abac-hindi-200721.pdf
Avient की वैश्विक
रिश्वतखोरी-रोधी एवं
भ्रष्टाचार-रोधी नीति
जार ी कि या: 1 ज लुाई, 2020
वि षय-सचू ी
हमारी वैश्विक रिश्वतखोरी-रोधी एवं भ्रष्टाचार-रोधी नीति 1
अनुपालन का महत्त्व 1
हमारी ज़िम्मेदारी 1
रिश्वत क्या है?
जबकि वय्कत्ि गत द ेश क े काननू अलग-अलग होत े ह ै,ं य े
1 आपके प्रस्तावित व्यय को अनुमति है या नहीं यह पता करने के लिए Avient की आचार
संहिता और हमारी उपहार व मनोरंजन नीति के उपहार एवं सत्कार अनुभाग को देखें।
Avient की बहियों और अभिलेखों में भ्रामक, अपूर्ण या मिथ्या प्रविष्टियां करना
• तृतीय पक्षों के साथ कार्य-व्यवहार करते समय खतरे के संकेतों को नज़र-अंदाज़ करना
विषय-सूची
उत्तरी अमेरिका
वैश्विक मुख्यालय एवन लेक, संयुक्त
राज्य अमेरिका
33587 वॉकर रोड एवन लेक, OH,
संयुक्त राज्य अमेरिका
44012
टोल फ्री: +1 866 765 9663
फोन: +1 440 930 1000
फैक्सः +1 440 930 3064
एशिया प्रशांत
प्रक्षेत्रीय मुख्यालय शंघाई, चीन
2F, ब्लॉक C 200 जिन्सू रोड
पुडोंग, 201206 शंघाई, चीन
दूरभाष: +86 (0) 21 6028 4888
फैक्सः +86 (0) 21 6028 4999
दक्षिण अमेरिका
प्रक्षेत्रीय मुख्यालय साओ पॉलो,
ब्राज़ील
Av.
https://www.avient.com/sites/default/files/2020-07/avient-abac-spanish-spain-200720.pdf
Política Global
contra el Soborno
y la Corrupción
de Avient
Emitida: 1 de julio de 2020
Índice
Nuestra Política Global contra el Soborno y la Corrupción 1
Importancia del cumplimiento 1
Nuestra responsabilidad 1
¿Qué es un soborno?
Ofrecer algo de valor no debe confundirse
con gastos ilícitos, razonables y limitados
para obsequios, divertimento comercial y
otras actividades legítimas directamente
relacionadas con la realización de las
actividades comerciales de Avient. 1
1 Remítase a la sección de Obsequios y Atenciones del Código de Conducta
de Avient y nuestra Política de Obsequios y Atenciones para determinar si está
permitido el gasto propuesto.
Esta prohibición es de aplicación tanto si la oferta o el pago se realiza directamente
como a través de otra persona
• Realizar apuntes confusos, incompletos o falsos en los libros y registros de Avient
• Ignorar señales de alerta cuando se trate con terceros
Índice
Norteamérica
Sede mundial de Avon Lake,
Estados Unidos
33587 Walker Road Avon Lake, OH,
Estados Unidos 44012
Llamada gratuita: +1 866 765 9663
Teléfono: +1 440 930 1000
Fax: +1 440 930 3064
Asia Pacífico
Sede regional de Shanghái, China
2F, Bloque C 200 Jinsu Road
Pudong, 201206 Shanghái, China
Teléfono: +86 (0) 21 6028 4888
Fax: +86 (0) 21 6028 4999
Sudamérica
Sede regional en São Paulo, Brasil
Av.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Jefferies%2520Industrials%2520Conference%25202015.pdf
PolyOne Corporation Page 1
PolyOne Investor Presentation
Jefferies 2015 Industrials Conference
August 2015
PolyOne Corporation Page 2
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.
S&P 500
PolyOne Corporation Page 9
2006 YTD 2015 2020
“Where we were” “Where we are” Platinum Vision
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 17.2% 20%+
Global Specialty Engineered
Materials 1.1% 15.3% 20%+
Designed Structures & Solutions 1.4% (2012) 3.3% 12 – 14%
Performance Products &
Solutions 5.5% 7.6% 10 – 12%
Distribution 2.6% 6.5% 6.5 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 67% 80%+
3) ROIC (after-tax)* 5.0% 11.7% 15%
4) Adjusted EPS Growth N/A
23 Consecutive
Quarters of YOY
EPS Growth
Double Digit
Expansion
Proof of Performance & 2020 Goals
*ROIC is defined as TTM adjusted operating income after-tax divided by the sum of average debt and equity over a 5 quarter period
PolyOne Corporation Page 10
Platinum Vision: Pathway to Accelerated Growth
Organic
Sales Growth
Margin
Expansion
Share
Repurchases
Acquisitions
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
Prototype Frame
Opportunity
Scale-up &
Test Market
Build
Business Case
Commercial
Launch
Phase
1
Phase
2
Phase
3
Phase
4
Phase
5
6
9
7
3
5
12
5 3 2
8
4
2
4
3
1
Breakthrough
Platform
Derivative
A Rich Pipeline of Opportunity
Number of Projects 14 8 18 12 22 74
Addressable Market
($ millions)
$700 $600 $600 $1,900
PolyOne Corporation Page 14
60%
102%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 Q2 2015
Pension Funding**
As of June 30, 2015
Debt Maturities & Pension Funding
Net Debt / Adjusted EBITDA** = 2.0x
Coupon Rate: 7.500% Variable* 7.375% 5.250%
** includes US-qualified pension plans only *Weighted average rate on revolver was 2.40% as of 6/30/15 **TTM 6/30/2015
$49
$79
$317
$600
$400
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2018 2020 2023
Debt Maturities
As of June 30, 2015
($ millions)
PolyOne Corporation Page 15
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales,
marketing, and
technical capabilities
Investing in operational
and LSS initiatives
~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
Synergy opportunities
Adjacent material
solutions
Repurchased nearly
600K shares in Q2
2015
Repurchased 12.4
million shares since
early 2013
7.6 million shares are
available for
repurchase under the
current authorization
PolyOne Corporation Page 16
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 17
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
1) Special items are a non-GAAP financial measure.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520–%2520Goldman%2520Sachs%2520Conference%25202015.pdf
PolyOne Corporation Page 1
PolyOne Investor Presentation
Goldman Sachs Basic Materials Conference
May 2015
PolyOne Corporation Page 2
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.
S&P 500
PolyOne Corporation Page 9
2006 Q1 2015 2020
“Where we were” “Where we are” Platinum Vision
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 16.2% 20%+
Global Specialty Engineered
Materials 1.1% 16.3% 20%+
Designed Structures & Solutions 1.4% (2012) 2.7% 12 – 14%
Performance Products &
Solutions 5.5% 6.5% 10 – 12%
Distribution 2.6% 5.9% 6.5 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 69% 80%+
3) ROIC 5.0% 11.4% 15%
4) Adjusted EPS Growth N/A
22 Consecutive
Quarters of
EPS Growth
Double Digit
Expansion
Proof of Performance & 2020 Goals
PolyOne Corporation Page 10
Platinum Vision: Pathway to Accelerated Growth
Organic
Sales Growth
Margin
Expansion
Share
Repurchases
Acquisitions
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
Prototype Frame
Opportunity
Scale-up &
Test Market
Build
Business Case
Commercial
Launch
Phase
1
Phase
2
Phase
3
Phase
4
Phase
5
6
9
7
3
5
12
5 3 2
8
4
2
4
3
1
Breakthrough
Platform
Derivative
A Rich Pipeline of Opportunity
Number of Projects 14 8 18 12 22 74
Addressable Market
($ millions)
$700 $600 $600 $1,900
PolyOne Corporation Page 14
60%
98%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 Q1 2015
Pension Funding**
As of March 31, 2015
Debt Maturities & Pension Funding
Net Debt / EBITDA* = 2.1x
$49
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of March 31, 2015
($ millions)
Coupon Rate: 7.500% 7.375% 5.250%
** includes US-qualified pension plans only *TTM 3/31/2015
PolyOne Corporation Page 15
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales,
marketing, and
technical capabilities
Investing in operational
and LSS initiatives
~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
Synergy opportunities
Adjacent material
solutions
Repurchased over
500k shares in Q1
2015
Repurchased 11.8
million shares since
early 2013
8.2 million shares are
available for
repurchase under the
current authorization
PolyOne Corporation Page 16
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 17
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
1) Special items are a non-GAAP financial measure.
https://www.avient.com/sites/default/files/2021-11/artisan-ar7300-pre-colored-formulation-processing-guide.pdf
BASE RESIN ABS
Drying Temperature 80–90°C
Drying Time 2–3 Hours
Barrel Temperatures °C
Rear Zone 180–210
Center Zone 190–220
Front Zone 200–230
Nozzle 210–240
Mold Temperature 50–80
Screw Speed Moderate
Back Pressure 3–10 bar
Cushion 5–15 mm
Injection Speed Low to medium
Injection Pressure Moderate to high
Holding Pressure 10–30% of injection pressure
Screw Type General purpose
Screw L/D 20:1
Screw Compression Ratio 2.0:1–2.5:1
Non-return Check Valve Free flow check ring
Nozzle Type Reverse taper
Barrel Capacity 30–80% of barrel should be used
STARTUP & SHUTDOWN RECOMMENDATIONS
Purge Compound
2–3 melt flow PP or purging compound.
Draft Angle • Maintain a minimum draft angle of 1° per side.
https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
Fearon (1) 257,500 143,324 400,824
G.J.
Sanders
— 2,354 (1) 188,287 (1) 376,574 (1) — — — — —
— — — — — — — — —
— — — — — — — — —
4/29/2024 — — — — — 20,000 (5) — 866,000
C.L.
Patterson was our First PEO from January 1 - December 1.