https://www.avient.com/sites/default/files/resources/Polyone%2520AR.pdf
It is a privilege to serve all of our many stakeholders as Chairman, President and CEO
of this great company, and I look forward to leading our ongoing journey to become
a high-performing, world-class sustainable organization.
Chairman, President and CEO
2.50
2.25
2.00
1.75
1.50
1.25
1.00
0.75
0.50
0.25
ADJUSTED EARNINGS PER SHARE*
U
.S
.
In addition, with 56% and 54% of our respective
Color, Additives and Inks and Specialty Engineered Materials segments' sales outside the United States, we experience
volatility related to foreign currency fluctuations, most significantly the Euro.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
March 11, 2013
25+38+38
+73+74+95
19+15+9
+56+72+85
Operating Income %
Specialty
PP&S
Distribution
Specialty Platform
Operating Income % of Total
ROIC** (after-tax)
3.2%
6.1%
3.0%
20%
7%
9.1%
9.0%
6.4%
45%
11%
2015 TARGET
12%–16%
9%–12%
6%–7.5%
65%–75%
15%
0 20 40 60 80 100 120
$ millions
SPECIALTY PLATFORM
OPERATING INCOME
40+68+70
+86+84+902012
0 10 20 30 40 50 60
% PERCENTAGE
SPECIALTY PLATFORM
OPERATING INCOME % OF TOTAL*
41+33+35
+70+79+932012
0 1 2 3 4 5 6 7 8
% PERCENTAGE
ADJUSTED RETURN
ON SALES^
POLYONE STOCK (POL) PERFORMANCE VERSUS S&P
0 .20 .40 .60 .80 1.00 1.20 1.40
$ DOLLARS
ADJUSTED EARNINGS
PER SHARE†
0 .2 .4 .6 .8 1 1.2
*Operating income excludes corporate
operating income
SAFETY
INJURY INCIDENCE RATE˚
12.31.09 6.30.10 12.31.10 6.30.11 12.31.11 6.30.12 12.31.12
DATE
200
150
100
50
0
P
R
C
TA
G
POL S&P 600 CHEMICALS S&P 500
INJURY incidence rate
91+91+71
+54+47+45
˚Number of injuries per 100 full time associates^Operating income excludes special items and
equity income from SunBelt
**ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
†EPS excluding special items and equity income
from SunBelt
POL 173%
S&P 600 Chemicals 34%
S&P 500 28%
5
Proof of Performance
Our values, strategy, commitment and execution are clearly evident in our recent financial and operational performance.
On December 21, 2011, we retired our accounts receivable facility that was set to mature in June 2012
and replaced it with a five-year senior secured revolving credit facility, which includes up to
$300.0 million in revolving loans, subject to a borrowing base with advances against U.S. and
56 POLYONE CORPORATION
Canadian accounts receivable and inventory.
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
Patterson,
President and CEO
2015 was yet another
year of significant
accomplishments at
PolyOne as we continued
to execute our proven
four-pillar strategy.
In addition to these actions, PolyOne incurred
severance costs related to former Spartech executives and other employees, as well as fixed asset-
related charges and other ongoing costs associated with restructuring actions that were underway prior
to PolyOne’s acquisition of Spartech.
56 POLYONE CORPORATION
Since the date of the Spartech acquisition, the Company has incurred $123.4 million of charges in
connection with the 2013 Spartech actions.
https://www.avient.com/sites/default/files/resources/PolyOne%25202011%2520Annual%2520Report.pdf
The following is a summary of the assumptions related to the grants issued during 2011, 2010 and 2009:
2011 2010 2009
Expected volatility (weighted-average) 56% 58% 49.7%
Expected dividends 0.0% — 1.17% — —
Expected term (in years) 6.0 4.5 4.5 — 5.6
Risk-free rate 2.70% — 2.86% 2.26% 3.25%
Value of SARs granted $6.72 — $8.12 $3.90 $0.61 — $0.68
54
A summary of SAR activity for 2011 is presented below:
(Shares in thousands, dollars in millions, except per share data)
Stock Appreciation Rights Shares
Exercise Price
Per Share
Contractual Term
Aggregate
Intrinsic
Outstanding as of January 1, 2011 4,193 $ 5.84 4.23 years $28.3
Granted 539 $14.81
Exercised (958) $ 5.62
Forfeited or expired (40) $ 9.34
Outstanding as of December 31, 2011 3,734 $ 7.15 4.24 years $18.1
Vested and exercisable as of December 31, 2011 2,258 $ 6.30 2.91 years $11.9
The weighted-average grant date fair value of SARs granted during 2011,
2010 and 2009 was $8.12, $3.90, and $0.65, respectively.
Global Color, Additives and
Inks has plants, sales and service facilities located throughout North America,
Europe, Asia and South America.
56
outstanding equity interests of ColorMatrix for $486.1 million, net of cash
acquired, on a debt-free basis.