https://www.avient.com/sites/default/files/2023-03/Avient Annual Report 2022.pdf
Patterson
Chairman, President and CEO
0%
20%
40%
60%
80%
100%
2005 2010 2015 2021 2022PF(2)
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
(1
)
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema and divestiture of Distribution
Specialty Transformation
Commodity JVs Performance Products & Solutions
Distribution Specialty Businesses
7%
46%
66%
86%
100%
End Market Transformation(1)
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��
��
��
��
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2006 2022PF(2) 2006 2022PF(2)
(1) End market revenue as a percent of total
(2) Pro forma for the acquisition of Dyneema and divestiture of Distribution
Transportation
Building &
Construction
Healthcare
Packaging
Consumer
57%
19%
58%
22%
14%
43%
9%
10%
8%
10%
4%
24%
20%
8%
Defense
6%
United States
Securities and Exchange Commission
Washington, DC 20549
FORM 10-K
☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2022
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to .
https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
PolyOne’s stock performance has significantly outpaced the S&P 500 index and the S&P Mid Cap 400 Chemicals index.
12.31.09 6.30.10 12.31.10 6.30.11 12.31.11 6.30.12 12.31.12 6.30.13 12.31.13
2007 2008 2009 2010 2011 2012 2013
SPECIALTY PLATFORM OPERATING
INCOME % OF TOTAL*^
1.50
1.20
.90
.60
.30
0
2007 2008 2009 2010 2011 2012 2013
ADJUSTED EARNINGS
PER SHARE*†
* 2010–2013 Specialty Operating Income is restated for the
divestiture of the Resin Business
^Operating Income excludes Corporate Charges
* 2010–2013 adjusted EPS is restated for the divestiture of the
Resin Business
† EPS excluding special items and equity income from SunBelt
2007 2008 2009 2010 2011 2012 2013
* 2010–2013 adjusted return on sales is restated for the divestiture of
the Resin Business
° Operating Income as a percentage of sales, excluding special items
and equity income from SunBelt
ADJUSTED RETURN
ON SALES*º
8
6
4
2
0
%
P
E
R
C
E
N
TA
G
E
80
60
40
20
0
%
P
E
R
C
E
N
TA
G
E
Operating Income %
Specialty
PP&S
Distribution
Specialty Platform
Operating Income % of Total
ROIC** (after-tax)
2006
1.5%
5.5%
2.6%
6.0%
5.0%
2013
9.4%
7.2%
5.9%
62.0%
9.1%
2015 TARGET
12%–16%
9%–12%
6%–7.5%
65%–75%
15%
**ROIC is defined as adjusted OI divided by the sum of average debt and equity over a 5 quarter period
200
160
120
80
40
0
2007 2008 2009 2010 2011 2012 2013
SPECIALTY PLATFORM
OPERATING INCOME*
* 2010–2013 Operating Income is restated for the divestiture of
the Resin Business
400
300
200
100
0
%
P
E
R
C
E
N
TA
G
E
POLYONE STOCK (POL)
PERFORMANCE VERSUS S&P
P O L
S&P MID CAP 400 CHEMICALS
S&P 500
United States
Securities and Exchange Commission
Washington, DC 20549
FORM 10-K
Í ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2013
‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to .
https://www.avient.com/sites/default/files/resources/PolyOne%25202011%2520Annual%2520Report.pdf
$
D
O
L
L
A
R
S
2007 2008 2009 2010 2011
.25
.50
.75
1.00
1.25
ADJUSTED EARNINGS PER SHARE^
278%
INCREASE
SINCE 2007
%
O
F
O
P
E
R
A
T
IN
G
I
N
C
O
M
E
2007 2008 2009 2010 2011
20
40
60
80
100
OPERATING MIX SHIFT*
JOINT
VENTURES
PP&S
DISTRIBUTION
SPECIALT Y
P
E
R
C
E
N
TA
G
E
2007 2008 2009 2010 2011
1.5
3.0
4.5
6.0
7.5
ADJUSTED RETURN ON SALES∆
*Operating Income excludes Corporate Charges
OPERATIONAL PERFORMANCE
SPECIALTY PLATFORM OPERATING INCOME
$
M
IL
L
IO
N
S
20
40
60
80
100
2007 2008 2009 2010 2011
192%
INCREASE
SINCE 2007
91%
INCREASE
SINCE 2007
^EPS excluding special items and equity income from SunBelt
SAFETY — INJURY INCIDENCE RATEº
2007 2008 2009 2010 2011
.25
.50
.75
1.0
1.25 “WORLD-CLASS”
PERFORMANCE
IN
JU
R
Y
IN
C
ID
E
N
C
E
R
A
T
E
ºNumber of injuries per 100 full-time associates
P
E
R
C
E
N
TA
G
E
2007 2008 2009 2010 2011
4
8
12
16
20
WORKING CAPITAL† — PERCENTAGE OF SALES
“BEST-IN-CLASS”
WORKING CAPITAL
MANAGEMENT
† Working capital is defined as accounts receivable plus inventories
minus accounts payable
∆Operating income as a percentage of sales, excluding special items
and equity income from SunBelt
United States
Securities and Exchange Commission
Washington, DC 20549
FORM 10-K
Í ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2011
‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to .
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
S&P
POL
S&P MID CAP CHEMICALS
S&P 500
1.7%
1.1%
1.4% (2012)
5.5%
2.6%
6.0%
5.0%
N/A
14.7%
12.1%
7.3%
7.7%
6.1%
65%
11.3%
37%
12%–16%
12%–16%
8%–10%
9%–12%
6%–7.5%
65%–75%
15%
Double Digit Expansion
Operating Income %
Specialty:
• Global Color, Additives & Inks
• Global Specialty Engineered Materials
• Designed Structures & Solutions
Performance Products & Solutions
Distribution
Specialty Platform % of Operating Income
ROIC*
Adjusted EPS Growth
2015 TARGET
(Established 2012)
2014
(Where we are)
2006
(Where we were)
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
ΔDefined as the average thirteen months of accounts receivable,
plus inventory, less accounts payable divided by full year sales
5
Annual Report 2014
United States
Securities and Exchange Commission
Washington, DC 20549
FORM 10-K
Í ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2014
‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to .
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
D
OL
LA
RS
SIX
CO
NS
ECU
TIV
E Y
EAR
S O
F E
PS
GRO
WT
H
◊EPS excluding special items and income from equity affiliates
†2009 has not been restated for subsequent changes in accounting principles or discontinued operations
United States
Securities and Exchange Commission
Washington, DC 20549
FORM 10-K
Í ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2015
‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to .
https://www.avient.com/sites/default/files/resources/Polyone%2520AR.pdf
E
PS
GR
OW
TH
*EPS excluding special items and income from equity affiliates
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
$2.21
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
9 CONSECUTIVE YEARS OF
ADJUSTED EPS GROWTH
11%
INCREASE
IN DIVIDEND
$2.43
66672.indd main_13 3/25/19 4:01 PM
United States
Securities and Exchange Commission
Washington, DC 20549
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2018
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to .