https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-additives-polyolefin-films
GLS™ TPEs with Antimicrobial Technologies
Thermoplastic Elastomers: GLS™ Versaflex™
https://www.avient.com/products/polymer-colorants/fluoropolymer-color-concentrates
GLS™ TPEs with Antimicrobial Technologies
Thermoplastic Elastomers: GLS™ Dynalloy™
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations/short-fiber-reinforced-formulations
GLS™ TPEs with Antimicrobial Technologies
Thermoplastic Elastomers: GLS™
https://www.avient.com/products/engineered-polymer-formulations/chemical-corrosion-resistant-formulations
GLS™ TPEs with Antimicrobial Technologies
Thermoplastic Elastomers: GLS™
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
We purchased
assets from Kraton’s thermoplastic elastomer business to augment
our leading GLS offerings and expertise.
Indefinite-lived intangible assets primarily consist of the GLS, ColorMatrix and Gordon Composites trade names.
PRINCIPAL ACCOUNTANT FEES AND SERVICES
Information regarding fees paid to and services provided by PolyOne’s independent registered public accounting
firm and the pre-approval policies and procedures of the audit committee is incorporated by reference to the
information contained in the 2017 Proxy Statement.
67POLYONE CORPORATION
68
PART IV
ITEM 15.
https://www.avient.com/sites/default/files/resources/POL%2520Gabelli%2520IR%2520Presentation%2520w%2520Non-GAAP%252003%252020%25202014.pdf
Use of Non-GAAP Measures
Page 3
PolyOne Commodity to Specialty Transformation
Page 4
• Continue specialty
transformation
• Targeting $2.50
Adjusted EPS by
2015, nearly
double 2013 EPS
• Drive double digit
operating income
and adjusted EPS
growth
• 17 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
• 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
• Volume driven,
commodity
producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2013 2014 and beyond
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
PolyOne S&P 500 Russell 2000 Dow Jones Chemical
All time high of
$38.38
March 7th, 2014
• 17 consecutive quarters of
double digit EPS growth
• 49% CAGR adjusted EPS
expansion 2006-2013
• 2013 stock price increased
73% versus 30% growth in the
S&P
• More than seven fold increase in
market cap: $0.5b $3.6b
Strategy and Execution Drive Results
Page 5
Appliance
4%
Building &
Construction
13%
Wire & Cable
9%
Electrical &
Electronics
5%
Consumer
10%Packaging
16%
Industrial
12%
HealthCare
11%
Transportation
18%
Misc.
2%
United
States
66%
Europe
14%
Canada
7%
Asia
6%
Latin
America
7%
PP&S
Specialty
53%
Distribution
27%
0.12
0.27 0.21
0.13
0.68
0.82
1.00
1.31
2.50
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
2006 2007 2008 2009 2010 2011 2012 2013 2015
Target
Ad
ju
st
ed
E
ar
ni
ng
s P
er
S
ha
re
2013 Revenues: $3.8 Billion
End Markets
2013 Revenues: $3.8 Billion
EPS
Page 6
PolyOne
At A Glance
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
2%
34% 43%
62%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2015
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
Specialty OI $5M $46M $87M $195M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 7
2006 2013 2015
“Where we were” “Where we are” Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.2% 12 – 16%
Global Specialty Engineered
Materials 1.1% 9.3% 12 – 16%
Designed Structures & Solutions -- 5.6% 8 – 10%
Performance Products &
Solutions 5.4% 7.2% 9 – 12%
Distribution 2.6% 5.9% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 62% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.1% 15%
4) Adjusted EPS Growth N/A 31% 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
Page 8
Bridge To $2.50 Adjusted EPS By 2015
2015 EPS: $2.50
2013 EPS: $1.31
Mid single digit
revenue CAGR
Page 9
Mergers & Acquisitions
Spartech accretion
Incremental share buybacks
Ongoing LSS Programs
(50-100 bps/yr)
Accelerated Innovation &
Mix Improvement
Innovation Drives Earnings Growth
$20.3
$52.3
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
Page 10
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
Healthcare
Consumer
Packaging and Additive Technology
Transportation
Page 11
Unique and Innovative Solutions that Help
Customers Win
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/uD3p_bdglP/Presentation revise pics/GLS Beverage can closure XO 2.jpg
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/-YgkycKypw/Anti-Counterfeiting release & images/GN1979.JPG
Net Debt / EBITDA* = 1.8x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of December 31, 2013
($ millions)
Page 12
Coupon Rates: 7.500% 7.375% 5.250%
Debt Maturities & Pension Funding – 12/31/13
*TTM 12/31/2013 ** includes US-qualified plans only
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2013
Pension Funding**
As of December 31, 2013
Free Cash Flow and Strong Balance Sheet Fund Investment
•Targets that expand our:
• Specialty offerings
•End market presence
•Geographic footprint
•Operating Margin
• Synergy opportunities
•Adjacent material solutions
•Expanding our sales,
marketing, and technical
capabilities
• Investing in operational and
LSS initiatives (including
synergy capture)
•Manufacturing alignment Organic
Growth
Share
Repurchases
Dividends
Acquisitions
Page 13
$0.16
$0.20 $0.24
$0.32
$0.00
$0.10
$0.20
$0.30
$0.40
2011 2012 2013 2014
Annual Dividend
• Repurchased ~5 million
shares in 2013
• 15 million shares
are available for
repurchase under
the current
authorization
The New PolyOne: A Specialty Growth Company
2015 Target: $2.50 Adjusted EPS
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2021-04/avient-sustain-2019-210419-interactive.pdf
2019 Sustainability Report
Sustainability for a Better Tomorrow
CONTENTS
Message from the CEO 2
Message from the Governance and Corporate
Responsibility Committee 3
Sustainability Goals 4
Historic Transformation / Inspired Future 5
Better Together: PolyOne and Clariant Masterbatch 6
Who We Are 7
What We Do: Material Science 8
Revenue by Geography and End Market 9
Where We Are: Global Locations 10
Communities Counting on Avient 11
Message from Avient’s VP of Sustainability 12
Avient’s 4 Ps of Sustainability 13
Management Approach: EH&S 15
Safety First 17
Continuous Improvement 18
Occupational Safety & Health 19
Performance: Metrics and Monitoring 20
Security 21
Management Approach: Training and Development 22
Career Training and Performance Feedback 23
Operational and Commercial Excellence Training 24
Leadership Development Programs 25
Manager Training and Front-Line Engagement 26
Talent Acquisition and Campus Recruiting 27
Management Approach: Diversity & Inclusion 28
Leading Change from the Top 29
Workforce Demographics 33
Associate Benefits / Awards & Recognition Programs 34
Health and Wellness 35
A Great Place to Work 36
Innovation: The Lifeblood of a Specialty Organization 38
No Surprises PledgeSM 39
How Our Products Enable Sustainability 40
Our Solutions…In Action: Case Studies 49
Management Approach: Product Stewardship 58
Global Chemical Management 59
Product Excellence 60
Management Approach: Supplier Collaboration 61
Supplier Evaluation 61
Strategic Partnerships and Alliances 62
Protecting Our Planet 64
Energy, GHG Emissions and Climate Change 65
Eliminating Plastic Waste 68
Earth Day Photo Contest 71
Community Service 74
Community Engagement 75
Performance Overview 78
Sustainable Products Performance 79
The Highest Ethical Standards 80
Ethics Hotline and Reporting 81
Enterprise Risk Management (ERM) 82
Board of Directors Governance 83
Policies & Guidelines 84
Goals & Metrics
Sustainability Goals 86
People and Planet Data and Metrics 87
Indices
GRI/SASB/TCFD Content Index 90
Reconciliation of Non-GAAP Financial Measures 109
Sustainability Report | 2019 1
The COVID-19 pandemic has served as both a test and learning opportunity for
much of the world.
Sustainability Report | 2019 68Sustainability Report | 2019 68
Alliance to End Plastic Waste: Projects In Motion
To learn more visit: 2020 AEPW progress report
Grameen Creative Lab—Zero Plastic Waste Cities
Rapid urbanization and population growth is often met with lacking infrastructure to manage waste.
Challenge Accepted.
2019 Sustainability Report
Table of Contents
Message from the CEO
Message from the Governance and Corporate Responsibility Committee
Sustainability Goals
About Avient
Historic Transformation
Inspired Future
Better Together: PolyOne and Clariant Masterbatch
Who We Are
What We Do: Material Science
Revenue by Geography and End Market
Where We Are: Global Locations
Communities Counting on Avient
Message from Avient’s VP of Sustainability
Avient’s 4 Ps of Sustainability
People
Management Approach: EH&S
Safety First
Continuous Improvement
Occupational Safety & Health
Performance: Metrics and Monitoring
Security
Management Approach:
Training and Development
Career Training and Performance Feedback
Operational and Commercial
Excellence Training
Leadership Development Programs
Manager Training and
Front-Line Engagement
Talent Acquisition and Campus Recruiting
Management Approach:
Diversity & Inclusion
Leading Change from the Top
Workforce Demographics
Associate Benefits
Awards & Recognition Programs
Health and Wellness
A Great Place to Work
Products
Innovation: The Lifeblood of a Specialty Organization
No Surprises PledgeSM
How Our Products Enable Sustainability
Our Solutions…In Action
Management Approach: Product Stewardship
Global Chemical Management
Product Excellence
Management Approach:
Supplier Evaluation
Strategic Partnerships and Alliances
Planet
Protecting Our Planet
Energy, Greenhouse Gas (GHG) Emissions and Climate Change
Eliminating Plastic Waste
Earth Day Photo Contest
Community Service
Community Engagement
Performance
Performance Overview
Sustainable Products Performance
The Highest Ethical Standards
Ethics Hotline and Reporting
Enterprise Risk Management (ERM)
Board of Directors Governance
Policies & Guidelines
Goals
Sustainability Goals
People and Planet Data and Metrics
Indices
GRI/SASB/TCFD Content Index
Reconciliation of Non-GAAP Financial Measures
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https://www.avient.com/sites/default/files/2020-10/2019-avient-sustainability-report.pdf
2019 Sustainability Report
Sustainability for a Better Tomorrow
CONTENTS
Message from the CEO 2
Message from the Governance and Corporate
Responsibility Committee 3
Sustainability Goals 4
Historic Transformation / Inspired Future 5
Better Together: PolyOne and Clariant Masterbatch 6
Who We Are 7
What We Do: Material Science 8
Revenue by Geography and End Market 9
Where We Are: Global Locations 10
Communities Counting on Avient 11
Message from Avient’s VP of Sustainability 12
Avient’s 4 Ps of Sustainability 13
Management Approach: EH&S 15
Safety First 17
Continuous Improvement 18
Occupational Safety & Health 19
Performance: Metrics and Monitoring 20
Security 21
Management Approach: Training and Development 22
Career Training and Performance Feedback 23
Operational and Commercial Excellence Training 24
Leadership Development Programs 25
Manager Training and Front-Line Engagement 26
Talent Acquisition and Campus Recruiting 27
Management Approach: Diversity & Inclusion 28
Leading Change from the Top 29
Workforce Demographics 33
Associate Benefits / Awards & Recognition Programs 34
Health and Wellness 35
A Great Place to Work 36
Innovation: The Lifeblood of a Specialty Organization 38
No Surprises PledgeSM 39
How Our Products Enable Sustainability 40
Our Solutions…In Action: Case Studies 49
Management Approach: Product Stewardship 58
Global Chemical Management 59
Product Excellence 60
Management Approach: Supplier Collaboration 61
Supplier Evaluation 61
Strategic Partnerships and Alliances 62
Protecting Our Planet 64
Energy, GHG Emissions and Climate Change 65
Eliminating Plastic Waste 68
Earth Day Photo Contest 71
Community Service 74
Community Engagement 75
Performance Overview 78
Sustainable Products Performance 79
The Highest Ethical Standards 80
Ethics Hotline and Reporting 81
Enterprise Risk Management (ERM) 82
Board of Directors Governance 83
Policies & Guidelines 84
Goals & Metrics
Sustainability Goals 86
People and Planet Data and Metrics 87
Indices
GRI/SASB/TCFD Content Index 90
Reconciliation of Non-GAAP Financial Measures 109
Sustainability Report | 2019 1
The COVID-19 pandemic has served as both a test and learning opportunity for
much of the world.
Sustainability Report | 2019 68Sustainability Report | 2019 68
Alliance to End Plastic Waste: Projects In Motion
To learn more visit: 2020 AEPW progress report
Grameen Creative Lab—Zero Plastic Waste Cities
Rapid urbanization and population growth is often met with lacking infrastructure to manage waste.
Challenge Accepted.
2019 Sustainability Report
Table of Contents
Message from the CEO
Message from the Governance and Corporate Responsibility Committee
Sustainability Goals
About Avient
Historic Transformation
Inspired Future
Better Together: PolyOne and Clariant Masterbatch
Who We Are
What We Do: Material Science
Revenue by Geography and End Market
Where We Are: Global Locations
Communities Counting on Avient
Message from Avient’s VP of Sustainability
Avient’s 4 Ps of Sustainability
People
Management Approach: EH&S
Safety First
Continuous Improvement
Occupational Safety & Health
Performance: Metrics and Monitoring
Security
Management Approach:
Training and Development
Career Training and Performance Feedback
Operational and Commercial
Excellence Training
Leadership Development Programs
Manager Training and
Front-Line Engagement
Talent Acquisition and Campus Recruiting
Management Approach:
Diversity & Inclusion
Leading Change from the Top
Workforce Demographics
Associate Benefits
Awards & Recognition Programs
Health and Wellness
A Great Place to Work
Products
Innovation: The Lifeblood of a Specialty Organization
No Surprises PledgeSM
How Our Products Enable Sustainability
Our Solutions…In Action
Management Approach: Product Stewardship
Global Chemical Management
Product Excellence
Management Approach:
Supplier Evaluation
Strategic Partnerships and Alliances
Planet
Protecting Our Planet
Energy, Greenhouse Gas (GHG) Emissions and Climate Change
Eliminating Plastic Waste
Earth Day Photo Contest
Community Service
Community Engagement
Performance
Performance Overview
Sustainable Products Performance
The Highest Ethical Standards
Ethics Hotline and Reporting
Enterprise Risk Management (ERM)
Board of Directors Governance
Policies & Guidelines
Goals
Sustainability Goals
People and Planet Data and Metrics
Indices
GRI/SASB/TCFD Content Index
Reconciliation of Non-GAAP Financial Measures
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https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-may-2021-w-non-gaap-recs.pdf
These investments also
consider our global footprint, and we are positioned very well and
strategically from a regional perspective.
12
Growth Drivers
2020
Revenue
($ Millions)
Long-Term
Growth Rate
Sustainable Solutions $ 560 8–12%
Healthcare 555 8–10%
Composites / 5G 212 10%
Growth in Emerging Regions 672 5%
Other (GDP growth) 1,784 2–3%
Pro Forma Avient $ 3,783 6.5%
Q 1 2021 P E RFO R MA N CE
U P DAT E
$86
$123
$0.53
$0.89
Q1 2021 – ORGANIC PERFORMANCE
14
Sales Adjusted Operating Income
$991
$1,162
+ 17%
+ 43% + 68%
(1) (1) (1)
Q1 2021 SEGMENT PERFORMANCE
15
CAI
$536
$609
($ in millions)
SEM Distribution
$64
$89
+14%
+39%
$290
$363
$19
$24
+25%
+26%
$185
$217
$22
$34
+17%
+55%
SPECIALTY EBITDA MARGIN EXPANSION
16
CAI
(1) 2018-2020 financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
15.3% 15.2%
16.2%
19.1%
2018 2019 2020 Q1 2021
14.8% 15.2%
17.6%
19.4%
2018 2019 2020 Q1 2021
SEM
• Continued portfolio transformation to
high-growth end markets and
sustainable solutions
• Clariant Masterbatch synergy realization
• Investments in composites and outdoor
high performance applications drive
growth and mix improvements
CAI EBITDA MARGIN EXPANSION
17
Legacy CAI
18.9% 18.9%
21.0%
2019 2020 Q1 2021
Legacy
11.9%
13.8%
17.4%
2019 2020 Q1 2021
• Early synergy capture translating to
the bottom line
• Positive mix with growth in healthcare,
consumer and packaging end-markets
• World-class vitality index of 36%
represents sales from products
introduced in the last five years.
https://www.avient.com/sites/default/files/resources/PolyOne%25202011%2520Annual%2520Report.pdf
This
segment includes GLS Corporation (GLS), which we acquired in 2008.
We
believe GLS offers the broadest range of soft-touch thermoplastic elastomers
in the industry.
The fair value of
the GLS trade name is calculated using a “relief from royalty payments”
methodology.