The Solution Reducing weight while maintaining structural integrity is at the top of the engineering challenge list for any product, but it’s an especially difficult hurdle for vehicles. For the brace, Avient's engineering team developed and analyzed three options: a unidirectional, hybrid carbon and glass fiber profile; a unidirectional carbon fiber profile; and finally, a profile made with both a unidirectional carbon fiber and a transverse engineered fabric, which had the advantage of minimizing any potential cracks from propagating.

The Solution Reducing weight while maintaining structural integrity is at the top of the engineering challenge list for any product, but it’s an especially difficult hurdle for vehicles. For the brace, Avient's engineering team developed and analyzed three options: a unidirectional, hybrid carbon and glass fiber profile; a unidirectional carbon fiber profile; and finally, a profile made with both a unidirectional carbon fiber and a transverse engineered fabric, which had the advantage of minimizing any potential cracks from propagating.

The Solution Reducing weight while maintaining structural integrity is at the top of the engineering challenge list for any product, but it’s an especially difficult hurdle for vehicles. For the brace, Avient's engineering team developed and analyzed three options: a unidirectional, hybrid carbon and glass fiber profile; a unidirectional carbon fiber profile; and finally, a profile made with both a unidirectional carbon fiber and a transverse engineered fabric, which had the advantage of minimizing any potential cracks from propagating.

They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. They use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial condition, performance and/or sales. Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: the time required to consummate the acquisition of Clariant's masterbatch business; the satisfaction or waiver of conditions in the Clariant masterbatch purchase agreements; any material adverse changes in Clariant's masterbatch business; the ability to obtain required regulatory or other third-party approvals and consents and otherwise consummate the acquisition of Clariant's masterbatch business; our ability to achieve the strategic and other objectives relating to the acquisition of Clariant's masterbatch business, including any expected synergies; and our ability to successfully integrate Clariant's masterbatch business and achieve the expected results of the acquisitions, including, without limitation, the acquisitions being accretive.

Highlights: •    Bases and bleed barriers •    Improved durability and elongation •    Modifiers and additives include thickener, reducer, and matte additives to increase the productivity and improve the finish, and effect additives to achieve textured suede or high density (3D) effect •    RFU colors a palette of 14 RFU mixing color inks, including fluorescents and silver and gold metallic •    Special-effect inks add dimension and dazzling impact to any flat print

These panels offer ballistic protection for applications such as modular military structures, government buildings, schools, critical assets such as electrical substations, and any location requiring lightweight, modular protection. 

Coloring polymers in any process gives a degree of freedom and flexibility that’s not possible with pre-colored polymers.

Reconciliation to Adjusted EPS Excluding Special Items and Impacts of February 2020 Equity Offering and May 2020 Debt Offering Three Months Ended June 30, 2020 Net income from continuing operations attributable to Avient common shareholders $ 23.0 Special items, after tax(1) 2.6 After tax interest expense, net arising from equity offering and debt offering proceeds 4.1 Adjusted net income excluding special items and impact of interest expense, net arising from equity offering and debt offering proceeds $ 29.7 Diluted weighted-average shares used to compute earnings per common share 91.8 Weighted-average impact of 15.3 million shares issued in February 2020 equity offering (15.3) Diluted weighted-average shares excluding impact of shares issued in February 2020 equity offering 76.5 Adjusted EPS excluding special items and impact of equity offering and debt offering $ 0.39 (1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures, including adjustments related to contingent consideration; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non- recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.

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. (1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures, including adjustments related to contingent consideration; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non- recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.

Slide 7 - Summary of Special Items Recast for DSS Divestiture Reflects special items from continuing operations which include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.