https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520RW%2520Baird%2520Conference%2520w%2520non-GAAP.pdf
PolyOne Corporation Page 4 PolyOne Commodity to Specialty Transformation • Volume driven, commodity producer • Heavily tied to cyclical end markets • Performance largely dependent on non- controlling joint ventures 2000-2005 2006 - 2009 2010 – 2014 2015 and beyond • Steve Newlin appointed, Chairman, President and CEO • New leadership team appointed • Implementation of four pillar strategy • Focus on value based selling, investment in commercial resources and innovation to drive transformation • 20 consecutive quarters of double- digit adjusted EPS growth • Shift to faster growing, high margin, less cyclical end markets • Key acquisitions propel current and future growth, as well as margin expansion • Established aggressive 2015 targets • Continue specialty transformation • Goal of $2.50 adjusted EPS by 2015, three times the EPS generated in 2011 of $0.82 • Drive double digit operating income and adjusted EPS growth PolyOne Corporation Page 5 Building & Construction 13% Industrial 12% Transportation 18% Wire & Cable 9% Packaging 16% Consumer 10% HealthCare 11% Appliance 6% Electronics & Electrical 5% 2013 Revenues: $3.8 Billion End Markets 2013 Revenues: $3.8 Billion PolyOne At A Glance United States 67% Europe 14% Canada 7% Asia 6% Latin America 6% Specialty 54% PP&S 18% Distribution 28% $13 $31 $46 $46 $92 $96 $122 $195 $0 $50 $100 $150 $200 2006 2007 2008 2009 2010 2011 2012 2013 Specialty Operating Income PolyOne Corporation Page 6 Old PolyOne *Operating Income excludes corporate charges and special items 2% 34% 43% 62% 65% 0% 20% 40% 60% 80% 100% 2005 2008 2010 2013 2014 YTD 2015 % o f O p e ra ti n g I n c o m e * JV's Performance Products & Solutions Distribution Specialty 65-75% Specialty OI $5M $46M $87M $195M $191M Target Mix Shift Highlights Specialty Transformation Transformation 2015 Target PolyOne Corporation Page 7 Confirmation of Our Strategy The World’s Premier Provider of Specialized Polymer Materials, Services and Solutions Specialization Globalization Operational Excellence Commercial Excellence PolyOne Corporation Page 8 Strategy and Execution Drive Results $0.12 $0.27 $0.21 $0.13 $0.68 $0.82 $1.00 $1.31 '06 '07 '08 '09 '10 '11 '12 '13 ‘06-‘13 EPS CAGR = 41% EPS Share Price vs.
S&P 500 -150% -50% 50% 150% 250% 350% 450% 550% POL S&P 500 All time high of $43.34 July 1st, 2014 PolyOne Corporation Page 9 2006 2014 YTD 2015 “Where we were” “Where we are” Target 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 14.9% 12 – 16% Global Specialty Engineered Materials 1.1% 12.1% 12 – 16% Designed Structures & Solutions -- 7.6% 8 – 10% Performance Products & Solutions 5.5% 8.1% 9 – 12% Distribution 2.6% 6.2% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 65% 65 – 75% 3) ROIC* 5.0% 10.6% 15% 4) Adjusted EPS Growth N/A 37% Double Digit Expansion Proof of Performance & 2015 Goals *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period PolyOne Corporation Page 10 32% Adjusted EPS CAGR from 2011 2015 EPS: $2.50 2011 EPS: $0.82 Continued Gross Margin Expansion Mergers & Acquisitions Spartech Accretion Incremental Share Buybacks Ongoing LSS Programs (50-100 bps/yr) Accelerated Innovation & Mix Improvement Several Levers to Drive Growth Mid Single Digit Revenue Growth PolyOne Corporation Page 11 Innovation Drives Earnings Growth *Percentage of Specialty Platform revenue from products introduced in last five years $20 $53 2006 2013 Research & Development Spending ($ millions) Specialty Platform Vitality Index Progression* 14% 31% 2006 2013 Specialty Platform Gross Margin % 20% 43% 2006 2013 Specialty Vitality Index Target ≥ 35% Vitality Products + 700 to 1000 bps PolyOne Corporation Page 12 Prototype Frame Opportunity Scale-up & Test Market Build Business Case Commercial Launch Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 4 11 5 10 6 9 3 4 2 15 9 1 10 4 Breakthrough Platform Derivative A Rich Pipeline of Opportunity Number of Projects 25 14 19 17 18 93 Addressable Market ($ millions) TBD TBD $800 $450 $450 $1,700 PolyOne Corporation Page 13 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 14 60% 100% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 2014 Pension Funding** As of September 30, 2014 Debt Maturities & Pension Funding – 9/30/14 Net Debt / EBITDA* = 1.7x $48 $317 $600 $0 $100 $200 $300 $400 $500 $600 $700 $800 2015 2020 2023 Debt Maturities As of September 30, 2014 ($ millions) Coupon Rates: 7.500% 7.375% 5.250% ** includes US-qualified pension plans only *TTM 9/30/2014 PolyOne Corporation Page 15 Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return Expanding our sales, marketing, and technical capabilities Targets that expand our: • Specialty offerings • End market presence • Geographic footprint • Operating Margin Synergy opportunities Adjacent material solutions Repurchased 1.5 million shares in Q3 2014 Repurchased 9.7 million shares since early 2013 10.3 million shares are available for repurchase under the current authorization Organic Growth Acquisitions Share Repurchases Dividends Investing in operational and LSS initiatives (including synergy capture) Manufacturing alignment $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 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?
https://www.avient.com/sites/default/files/2025-04/CCG PVDF Extrusion_Molding Case Study.pdf
WIRE & CABLE OEM P V D F E X T R U S I O N • Improve extrusion line speed • Minimize defects, optimize coefficient of friction (CoF), control extrusion pressure, and eliminate die drool • Prevent melt fracture (sharkskin) • Reduce energy use in processing to achieve cost savings • Delivered a polyvinylidene fluoride (PVDF) solution that improved extrusion production times • Provided application specialists with deep knowledge of PVDF processing windows (melt and degradation temperatures) to help boost overall processing performance • Enhanced surface aesthetics by reducing friction and improving flow stability • Gained a reduction in energy use and offered added savings for other PVDF applications such as wire jacketing or tube and pipe extrusion Colorant Chromatics PVDF Processing Aid KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2022-01/Swimming Pool Application Snapshot.pdf
ABOVE GROUND SWIMMING POOL C O M P O S I T E S I D E W A L L • Corrosion resistance to withstand salt water pool treatment • UV resistance for durability over years of use • Weight reduction vs. traditional metal to reduce shipping costs and simplify installation • Field tested for 3 years to prove Polystrand solution provides excellent UV, creep, and corrosion resistance • Reduced weight by 50% compared to metal • Rolled product enabled standard shipping vs. coiled steel sidewalls that require LTL delivery Polystrand™ thermoplastic composite laminate (4-ply) with integrated decorative film KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2020-07/versaflex-philips-avent-bottle-spanish.pdf
Versaflex - Philips Avent Bottle - Spanish PHILIPS AVENT S E L L O P A R A B I B E R O N E S • Normatividad de contacto con alimentos grasos de la FDA, la Unión Europea y China • Sellado hermético a temperaturas elevadas para esterilización • Satisfacer la necesidad de refrigeración repetida • Uso de la experiencia en materiales para el desarrollo de un producto que cumple con las normas de contacto con alimentos grasos y ofrece rendimiento de sellado seguro • Permitió a las madres convertir sus biberones Philips AVENT en envases de almacenamiento de leche materna Versaflex™ FFC2882-87 REQUERIMIENTOS CLAVE SOLUCIÓN AVIENT CUMPLIMIENTO NORMATIVO MÁS INFORMACIÓN Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-custom-pa-grade-led-heat-sink-1.pdf
© 2020, All Right Reserved Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012 LIGHTING MANUFACTURER H E A T S I N K F O R H I G H P O W E R L E D • PA based grade to replace aluminum • High thermal conductivity ̴ 15 W/mK • Electrically conductive • Easy moulding • Improved light output compared to alternative materials • Improved corrosion resistance and weight reduction • It gave the customer more design possibilities and a more cost effective solution Customized PA based grade KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2020-10/hiformer-case-study.pdf
C A S T A N D B L O W N F I L M LEADING PACKAGING FILM SUPPLIER • Improve quality, limiting melt fracture and die built up • Increase productivity, reducing cleaning frequency • More sustainable manufacturing process • Regulatory compliance HIFORMER™ Liquid Polymer Processing Aid AVIENT SOLUTION • Increased processing efficiency and overall productivity with low let down ratio • Delivered significant improvement in melt fracture and die build up • Sustainability benefits provided, including possibility for longer production runs, reduced energy consumption and less waste WHY AVIENT K E Y RE Q U I RE M E N T S P R O D U C T I V I T Y + S U S TA I N A B I L I T Y LEARN MORE
https://www.avient.com/sites/default/files/2024-01/SmartHeat RHC Application Snapshot.pdf
PACKAGING CONVERTER R P E T W A T E R B O T T L E S • Provided the only reheat additive with APR Critical Guidance & Bottle-to-Bottle Recognition • Allowed increased use of rPET with no negative impact to performance or aesthetics • Enabled preforms to heat more quickly to improve cycle times and reduce energy usage • Set up onsite dosing equipment for customer at multiple locations and provided technical support nationally ColorMatrix™ SmartHeat™ RHC WHY AVIENT?
https://www.avient.com/sites/default/files/2020-07/onflex-lo-hvac-flap-spanish.pdf
OnFlex LO - HVAC Flap - Spanish PROVEEDOR TIER 2 R E J I L L A P A R A S I S T E M A S D E V E N T I L A C I Ó N Y C A L E F A C C I Ó N • Eliminar el post-calentamiento de las piezas a fin de lograr el nivel de olor necesario (≤3.0 VDA 270) • Tener la menor emisión de compuestos orgánicos volátiles (VOC/FOG) (VDA 278), con el mismo compresión set del material anterior • Menos pasos de procesamiento y menores costos de energía para el moldeador • Se lograron los niveles VOC/FOG requeridos y se cumplió el desempeño con el estándar de compresión set OnFlex™ LO REQUERIMIENTOS CLAVE ¿POR QUÉ AVIENT?
https://www.avient.com/sites/default/files/2020-07/case-study-one-pager-therma-tech-automotive-plate-heat-exchanger-1.pdf
© 2019, All Right Reserved PolyOne Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012 AUTOMOTIVE PARTS MANUFACTURER P L A T E H E A T E X C H A N G E R • High thermal conductivity • Very good flow rate for thin walls • Chemical resistance to glycol • Good aging for both chemical & temperature resistance • Improved thermal performance by eliminating the effects of corrosion • Reduced overall part weight • Provided greater design freedom meaning a more complex part could be designed and molded • Enabled several heat exchangers to be consolidated into one, saving space in the vehicle and increasing efficiency Therma-Tech™ Thermally Conductive Formulation KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-02/complet-lft-automotive-removable-roof-bracket.pdf
AUTOMOTIVE OEM S U V R E M O V A B L E R O O F P A N E L L O C K I N G B R A C K E T • Lower weight by replacing cast steel • High stiffness & strength requirements to mimic metal performance • Critical dimensional tolerances to safely secure removable roof panels • Lowered weight by over four pounds per vehicle to achieve 80% reduction with carbon fiber reinforced composite • Provided injection molded material solution to simplify fabrication and eliminate need for powder-coating finish Complēt™ Long Carbon Fiber PPA Composite KEY REQUIREMENTS WHY AVIENT?