https://www.avient.com/sites/default/files/resources/PolyOne%2520Investor%2520Presentation%2520Longbow%2520Basic%2520Materials%2520Conference%2520-%2520March%25202016.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
Our ability to realize anticipated savings and operational benefits from the realignment of assets, including the closure of manufacturing facilities;
The timing of closings and shifts of production to new facilities related to asset realignments and any unforeseen loss of customers and/or disruptions of
service or quality caused by such closings and/or production shifts;
Separation and severance amounts that differ from original estimates;
Amounts for non-cash charges related to asset write-offs and accelerated depreciation realignments of property, plant and equipment, that differ from
original estimates;
Our ability to identify and evaluate acquisition targets and consummate acquisitions;
The ability to successfully integrate acquired companies into our operations, retain the management teams of acquired companies, retain relationships
with customers of acquired companies, and achieve the expected results of such acquisitions, including whether such businesses will be accretive to our
earnings;
Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and
cost of credit in the future;
The financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate
liquidity) to maintain their credit availability;
The speed and extent of an economic recovery, including the recovery of the housing market;
Our ability to achieve new business gains;
The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
Changes in polymer consumption growth rates and laws and regulations regarding the disposal of plastic in jurisdictions where we conduct business;
Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online;
Fluctuations in raw material prices, quality and supply and in energy prices and supply; production outages or material costs associated with scheduled
or unscheduled maintenance programs;
Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
An inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital
reductions, cost reductions and employee productivity goals;
An inability to raise or sustain prices for products or services;
An inability to maintain appropriate relations with unions and employees;
Our ability to continue to pay cash dividends;
The amount and timing of repurchases of our common shares, if any; and
Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and
changes in the rate of inflation.
The above list of factors is not exhaustive.
We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
Addressable market exceeds $40 billion
Strong performance demonstrates that our strategy and execution
are working
Megatrends and emerging opportunities align with our strengths
Innovation and services provide differentiation, incremental pricing
power, and competitive advantage
Strong and proven management team driving growth and
performance
PolyOne Corporation Page 21
Appendix
PolyOne Corporation Page 22
Recent Acquisitions
Kraton TPE Assets Magenta Master Fibers
February 2016 – Acquired Kraton’s thermoplastic
elastomer (TPE) assets
Serve personal care, medical, packaging (protective
film) and electronics applications
Purchase price of $72 million represents a multiple
of 9x EBITDA
Adds $35 million in annual revenue and $0.03
accretive to 2016 adjusted EPS
Expands GLS presence in consumer, healthcare,
transportation, and packaging end markets
December 2015 – Acquired Magenta Master Fibers,
an innovative developer of specialty color
concentrates for the global fiber industry
Purchase price of $22 million represents a multiple
of 6.8x EBITDA
Adds $16 million in annual revenue and $0.01
accretive to 2016 adjusted EPS
Broadens portfolio of colorant and additives
technologies for fiber applications and extends
existing reach into strategic end markets such as
transportation and consumer goods
Medical
Baby Care Electronics
Food Packaging
Automotive Textiles Home Textiles
Clothing Outdoor
PolyOne Corporation Page 23
$0.82
$1.00
$1.31
$1.80 $1.96
$0.00
$0.75
$1.50
$2.25
2011 2012 2013 2014 2015
Adjusted EPS
2015 Full Year Financial Highlights
Color Additives & Inks operating
margin reached record level
of 16.7%
Specialty Engineered Materials
operating margin grew 260 basis
points year-over-year to 14.7%
Adjusted EPS has grown on average
24% per year since 2011
$50
$75
$104
$125 $135
$0
$40
$80
$120
$160
2011 2012 2013 2014 2015
CAI Operating Profit
$46 $47
$57
$72
$80
$20
$40
$60
$80
$100
2011 2012 2013 2014 2015
SEM Operating Profit
Note: $ in millions, except per share data
PolyOne Corporation Page 24
1.7%
4.6% 5.1% 5.5%
7.2% 8.1%
9.7%
12.2%
16.7%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2020
Operating Income % of Sales
At a Glance
Color, Additives and Inks
2015 Revenues: $0.8 Billion Solutions
Expanding Profits 2015 Revenue by Industry Segment
14.7%
Platinum
Vision
48%
33%
Building &
Electrical &
1%
31%
Textiles
PolyOne Corporation Page 25
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6% 9.3%
14.7%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2020
Operating Income % of Sales
At a Glance
Specialty Engineered Materials
2015 Revenues: $0.5 Billion Solutions
2015 Revenue by Industry Segment Expanding Profits
Platinum
Vision
12.1%
49%
29%
Building &
Electrical &
19%
15%
PolyOne Corporation Page 26
1.4%
5.6%
7.3%
3.0%
12-14%
2012 2013 2014 2015 2020
Operating Income % of Sales
At a Glance
Designed Structures and Solutions
Solutions 2015 Revenues: $0.5 Billion
Expanding Profits 2015 Revenue by Industry Segment
Platinum
Vision
Appliances,
Building &
Construction
Industrial
24%
Packaging
19%
Transportation
33%
97%
PolyOne Corporation Page 27
Building &
31%
Electrical &
1%
5% Transportation
19% Wire & Cable
5.5%
6.9%
3.8% 3.6%
5.5%
4.3%
6.3%
7.2%
8.3%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2020
Operating Income % of Sales
At a Glance
Performance Products and Solutions
Solutions
Expanding Profits
2015 Revenues: $0.7 Billion
10-12%
Platinum
Vision
2015 Revenue by Industry Segment
7.7%
79%
PolyOne Corporation Page 28
2.6%
3.0%
3.5%
4.0%
4.6%
5.6%
6.4% 5.9%
6.6% 6.5-7.5%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2020
Operating Income % of Sales
15%
53%
2006 Q4 2015
At a Glance
Distribution
Key Suppliers 2015 Revenues: $1.0 Billion
ROIC Expanding Profits
6.1%
Platinum
Vision
Building &
4%Consumer
Electrical &
23%
24%
http://www.polyone.com/Pages/VariationRoot.aspx
PolyOne Corporation Page 29
2 lbs Plastic
=
3 lbs aluminum
or
8 lbs steel
or
27 lbs glass
33% less material by weight
than aluminum
75% less material by weight
than steel
93% less material by weight
than glass
Requires 91% less energy to
recycle a pound of plastic versus
a pound of paper
Source: SPI: Sustainability and the Plastics Industry
Plastics: Key to Future Sustainable Development
PolyOne Corporation Page 30
Application Examples
PolyOne Corporation Page 31
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
Source: Outdoor Industry Association
PolyOne Corporation Page 32
$1.5 billion attractive, growing market
Additives improve performance and reduce cost
through light-weighting, reduced waste, faster
cycle times, and extended shelf life of finished
product
Aligned with megatrend of protecting the
environment:
Sustainability benefits include lower
package weight and improved recyclability
of package at end of use
Market Opportunity
Leading Global Supplier of Additives In Growing PET Market
Shelf-life extension
Greater product
consistency
Recyclability and
reduced carbon
footprint
Color and Special
Effects
Weight reduction
Enhanced product
aesthetics
High heat resistance
PET Bottling Technology
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
2009 2014 2019
Asia Pacific North America
Latin America Western Europe
Eastern Europe Middle East and Africa
Global PET Packaging Growth 2009-2019
Source: Euromonitor retail off-trade consumption (PET bottles & jars, home care, personal care,
food & non-alcoholic beverages)
B
ill
io
n
un
its
5% CAGR
PolyOne Corporation Page 33
• Includes formulation and
consultative services to assist
manufacturers and brand owners in
positively identifying their finished
goods
• Protects brand equity & consumer
welfare
• Reduces exposure to unwarranted
recall expenses
• Secures supply chain integrity –
support for safe expansion into new
geographies
Authentication Technology
PolyOne Corporation Page 34
Metal Replacement Solutions
• Replaces metal in LED lighting
• Extends LED durability and life
span eliminating hot spots
• Greater design flexibility with
fewer parts
• Weight reduction
• Simplifies manufacturing and
lowers total production cost
PolyOne Corporation Page 35
• Color harmonization across
15 unique color-and-polymer
combinations
• Eliminated need for multiple pre-
colored materials
• Reduced Land Rover’s working
capital
Range Rover Evoque Interior
PolyOne Corporation Page 36
• Reduced health and
environmental impact
• System cost reduction
• Radiation-shielding
performance
• Parts consolidation
• Design freedom
CT Scanner
PolyOne Corporation Page 37
High-Barrier Packaging Containers
• Capability to extrude up to 13
layers
• Strong oxygen and moisture
vapor transmission protection
• Can be made symmetrical or
asymmetrical to meet
customized needs of broad
variety of applications
• Barrier protection and superior
sensory properties
PolyOne Corporation Page 38
Aerospace Applications
• Leading provider of specialty materials
for the aerospace industry
• Typical applications
Mil-spec aircraft windows, canopies,
windscreens, instrument panels,
wingtip lenses
Interior – gallery furnishings, tray
tables, arm rests, trim strips, joint/edge
coverings
• Benefits:
High impact strength
Resistant to UV rays
Flame and smoke compliance
Easy to clean with aggressive cleaners;
anti-microbial grades available
Range of sizes, thicknesses, colors, etc.
1
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Below is a reconciliation of non-GAAP financial measures to the most directly comparable measures calculated and presented in accordance with U.S.
https://www.avient.com/sites/default/files/2024-05/3b - Corporate Governance Guidelines.Draft Feb. 2024.v1.2.Revised.4-16-24.Final_.pdf
If a director’s tendered resignation is rejected by the Board, the director will continue to
serve until the next annual meeting of shareholders and until his or her successor is duly
elected, or his or her earlier death, resignation or removal.
6
If a director’s tendered resignation is accepted by the Board, then the Board, in its sole
discretion, may fill any resulting vacancy or may decrease the number of directors
comprising the Board, in each case pursuant to the provisions of the Company’s Code of
Regulations.
https://www.avient.com/sites/default/files/2020-08/fiber-solutions-business-unit-overview-2020.pdf
LIQUID FIBER PRODUCT FEATURES
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
• ColorMatrix 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
COLORMATRIX
FLEXCART LIQUID
DOSING SYSTEMS
Designed to optimize
the benefits of liquid
colorant and additive
technologies, each
ColorMatrix™ FlexCart™
model is highly flexible,
and offers high-level
dosing accuracy and
controllability for all
injection molding and
extrusion applications.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
Each associate has the freedom and expectation to communicate hazards and remove themselves
from unsafe situations, without the fear of reprisal.
We do this through our safety focus, benefits, paid time off and wellness programs that support financial, physical and mental wellness.
However, by
taking advantage of developments in longer-term carbon management and removal technologies and circularity, we are committed
to enabling positive climate impacts across our value chain.
https://www.avient.com/sites/default/files/2024-08/Avient 2023 Sustainability Report_6.pdf
Each associate has the freedom and expectation to communicate hazards and remove themselves
from unsafe situations, without the fear of reprisal.
We do this through our safety focus, benefits, paid time off and wellness programs that support financial, physical and mental wellness.
However, by
taking advantage of developments in longer-term carbon management and removal technologies and circularity, we are committed
to enabling positive climate impacts across our value chain.
https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
Off-Balance Sheet Arrangements
We have no off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K other
than the SunBelt debt guarantee described previously in the Guarantee of Indebtedness of Others
section.
We retain fully depreciated assets in property and accumulated depreciation accounts until we remove
them from service.
We incurred debt extinguishment costs of $10.6 million related to the early retirement of our senior
secured term loan including $8.2 million of deferred financing cost write-offs and $2.4 million of
discounts that were written off.
https://www.avient.com/sites/default/files/2025-03/65537-Certificate-05MAR2025.pdf
Plot no. 135, Kitaar, Bund Road, Off
Multan Road, Thokar Niaz Baig. ,
54400 Lahore, Pakistan
Avient Corporation - Lehigh Valley,
PA
Design and Manufacture of Colorants and Additives for Plastics 2513 Highland Avenue Bethlehem
PA 18020 United States
Avient Corporation Manufacture of Colour and Additive Concentrates, Thermoplastic Resins
and Specialty Compounds
Via Piave 12, 23871 Lomagna, Italy
Avient Corporation - Lomas de
Zamora, Argentina
Design and Manufacture of Colorants and Additives Concentrates and
AV .
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
Off-Balance Sheet Arrangements
We have no off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K other
than the SunBelt debt guarantee described previously in the Guarantee of Indebtedness of Others
section.
We retain fully depreciated assets in property and accumulated depreciation accounts until we remove
them from service.
We incurred debt extinguishment costs of $10.6 million related to the early retirement of our
senior secured term loan, including $8.2 million of deferred financing cost write-offs and $2.4 million of
discounts that were written off.
https://www.avient.com/knowledge-base/article/designing-parts-meet-sustainability-goals?rtype[]=1164
Ensuring that parts can meet sustainability goals and performance standards can be a balancing act, understanding the potential trade-offs is critical.
https://www.avient.com/knowledge-base/article/designing-parts-meet-sustainability-goals
Ensuring that parts can meet sustainability goals and performance standards can be a balancing act, understanding the potential trade-offs is critical.