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Microsoft Word - IATF 16949 North Baltimore[80].doc ABS Quality Evaluations Certificate Of Conformance This is to certify that the Quality Management System of: Avient Corporation Engineered Materials Division Avient Corporation 733 E.
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Use of Non-GAAP Measures 4POLYONE CORPORATION INPUTS FORMULATION EXPERTISE SERVICE VALUE Base resins Additives Modifiers Pigments Expertise in Polymer Materials, Services and Solutions OEMs Brand Owners Processers Assemblers InVisiO SM Color Services IQ Design Labs LSS Customer First Specialty products & services What We Do Driving customer value 5POLYONE CORPORATION $0.13 $0.68 $0.82 $1.00 $1.31 $1.80 $1.96 $2.06 2009 2010 2011 2012 2013 2014 2015 2016* *Recast for DSS in discontinued operations PolyOne At a Glance Performance Products & Solutions 22% PolyOne Distribution 34% Specialty Engineered Materials 18% Color Additives and Inks 26% 2016 Revenue by Segment Adjusted Earnings per Share 2016 Revenue by Geography United States 60% Europe 15% Latin America 9% Canada 7% Asia 10% 6POLYONE CORPORATION 2% 43% 76% 0% 20% 40% 60% 80% 100% 2005 2010 3Q 2017 % o f O p e ra ti n g I n c o m e * *Operating Income excludes corporate charges and special items **LTM 3Q 2017 Specialty OI $5M $87M $275M** JV’s Performance Products & Solutions Specialty MixDistribution Mix Shift Highlights Specialty Transformation Distribution and Contract Manufacturing Businesses 7POLYONE CORPORATION 2014 2015 2016 2017 2014 2015 2016 2017 Driving Growth • Refreshed training curriculum for sales force • Upgraded capabilities to generate and capture new business leads • Expanded R&D resources to focus on key platforms 2014 2015 2016 2017 Investment in Commercial Resources Commercial Resource Additions* Total Sales CallsSales Opportunity Funnel (in billions) *Sales, Marketing & Technology headcount 8POLYONE CORPORATION *ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period Proof of Performance & 2020 Platinum Vision 20%+ 20%+ 12 - 14% 6.5 – 7.5% 15% Consistently Deliver Double Digit Annual EPS Growth 2006 YTD 2017 2020 “Where we were” “Where we are” Platinum Vision ROIC* 5.0% 13.8% Operating Income % of Sales Color, Additives & Inks 1.7% 16.4% Specialty Engineered Materials 1.1% 13.1% Performance Products & Solutions 5.5% 11.4% Distribution 2.6% 6.6% 9POLYONE CORPORATION $50 $116 $137 $0 $40 $80 $120 $160 $200 2012 2014 2016 2017 10.8% 11.3% 12.9% 13.8% 10.0% 11.0% 12.0% 13.0% 14.0% 15.0% 2012 2014 2016 3Q 2017 2020 Platinum Vision Free Cash Flow (in millions) ROIC* *ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period Free Cash Flow and Improving Returns 15.0% >$200 10POLYONE CORPORATION $0.16 $0.20 $0.24 $0.32 $0.40 $0.48 $0.54 $0.70 $- $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Annual Dividend 7 Consecutive Years of Increased Dividends 3-Year Dividend Plan Announced 30% increase to dividend in October 2017, reflecting strong and sustainable cash flow as well as confidence in future earnings growth Expect to increase annual dividend 60% or more cumulatively over next three years 11POLYONE CORPORATION $767M Returning Cash to Shareholders $0 $150 $300 $450 $600 $750 2011 2012 2013 2014 2015 2016 3Q 2017 Cumulative Share Repurchases (in millions) Since 2011, we have returned over $950 million to shareholders $192 million returned through dividends $767 million returned through share repurchases Have repurchased 20.8 million shares since early 2013 $767M 12POLYONE CORPORATION Expanding our sales, marketing, and technical capabilities Investing in operational and LSS initiatives ~60 - 70% of capital expenditures fund growth initiatives Organic Growth Acquisitions Share Repurchases Dividends Targets that expand our: • Specialty offerings • End market presence • Geographic breadth Growth synergies Adjacent material solutions Repurchased 2.0 million shares YTD 2017 Repurchased 20.8 million shares since early 2013 6.5 million shares are available for repurchase under the current authorization Increased annual dividend by 30% to $0.70 per share, representing the seventh consecutive year of dividend growth Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return 13POLYONE CORPORATION *Specialty Platform revenue from products introduced in last five years Vitality Index Progression* 12% 42% 2006 2016 Target ≥ 35% Innovation Drives Earnings Growth Innovation Pipeline Potential $20 $54 2006 2016 Research & Development Spending ($ millions) Phase 1 Frame Opportunity 12 Projects Phase 2 Build Business Case 10 Projects Phase 3 Prototype 21 Projects Phase 4 Scale-up & Test Market 19 Projects Phase 5 Commercial Launch 10 Projects $500 Million $1.4 Billion $700 Million Total Specialty Addressable Market of over $2.6 Billion 14POLYONE CORPORATION Key Innovation Growth Drivers Composites Barrier Additive Technology Fiber Colorants Flame Retardant Polymers Increasing regulatory drive for halogen replacements $400m addressable market Drive to prevent oxygen, light and UV rays from affecting contents in PET packaging, extending shelf life $200m addressable market 60% of world fiber consumption is synthetic, need to simplify manufacturing and eliminate waste $300m addressable market Polymer formulation and process engineering create a pipeline for next generation materials Drive to replace aluminum and steel with plastics without compromising on strength 15POLYONE CORPORATION Providing LSS services to small/medium sized customers 54% of associates trained in LSS, with over 125 active black belts Have trained over 30 customers in LSS methodology Providing training in Customer Centric Selling Skills with customers Providing Industrial design and color services to small/medium sized customers On time delivery above 95% Strengthening relationships: Customer First Through World-Class Service 16POLYONE CORPORATION Addressable market exceeds $40 billion Strong performance demonstrates that our strategy and execution are working Megatrends and emerging opportunities align with strengths Innovation and services provide differentiation, incremental pricing power and competitive advantage Strategic reinvestment for growth while returning cash to shareholders Strong and proven management team driving growth and performance Why Invest In PolyOne?
The New PolyOne: A Specialty Growth Company 17POLYONE CORPORATION Segment Highlights 18POLYONE CORPORATION 1.7% 4.6% 5.1% 5.5% 7.2% 8.1% 9.7% 12.2% 14.7% 16.7% 16.0% 20%+ 16.4% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD 2017 2020 Operating Income % of Sales 2016 Revenue: $0.8 Billion Key End Markets (% of revenue) United States 45% Europe 33% Asia 15% Latin America 5% Canada 2% Platinum Vision At a Glance Color, Additives & Inks Packaging (30%) Industrial (15%) Wire & Cable (10%) Textiles (9%) Transportation (9%) 19POLYONE CORPORATION 1.1% 1.3% 3.4% 5.1% 9.6% 8.0% 8.6% 9.3% 12.1% 14.7% 14.3% 20%+ 13.1% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD 2017 2020 Operating Income % of Sales Platinum Vision At a Glance Specialty Engineered Materials 2016 Revenue: $0.6 Billion United States 51% Europe 27% Asia 20% Canada 2% Key End Markets (% of revenue) Consumer (19%) Transportation (19%) Electrical & Electronics (15%) Wire & Cable (15%) Healthcare (11%) 20POLYONE CORPORATION 5.5% 6.9% 3.8% 3.6% 5.5% 4.3% 6.3% 7.2% 7.7% 8.3% 12-14% 11.4% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD 2017 2020 Operating Income % of Sales 11.1% At a Glance Performance Products & Solutions 2016 Revenue: $0.7 Billion United States 78% Canada 16% Latin America 4% Asia 2% Platinum Vision Key End Markets (% of revenue) Building & Construction (30%) Transportation (18%) Wire & Cable (16%) Industrial (16%) 21POLYONE CORPORATION 4% 36% 2006 2016 At a Glance Distribution 2016 Revenue: $1.1 Billion Key Suppliers ROIC Transportation 24% Healthcare 22% Industrial 18% Consumer 15% Appliance 6% E & E 5% B & C 4% Packaging 4% W & C 2% 2.6% 3.0% 3.5% 4.0% 4.6% 5.6% 6.4% 5.9% 6.1% 6.6% 6.5 - 7.5% 6.4% 6.6% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD 2017 2020 Operating Income % of Sales *After-Tax ROIC http://www.polyone.com/Pages/VariationRoot.aspx http://www.polyone.com/Pages/VariationRoot.aspx 22POLYONE CORPORATION Target End Markets & Application Examples 23POLYONE CORPORATION Target End Markets… Healthcare Thermally Conductive Technologies Chemical Resistant Technologies Polymer Colorants Elastomeric Grips and Handles Structural Composites Antimicrobial Technologies Anti-Counterfeiting Technologies 24POLYONE CORPORATION Under-hood Components Target End Markets… Automotive Interior Structural Components Sound & Vibration Management Roof Systems Air Management Electronics and Cameras Lighting Fluid Handling Interior Trim Exterior Trim Braces & Brackets Fasteners Seals & Flaps 25POLYONE CORPORATION Target End Markets… Packaging Oxygen Scavenger Technologies Laser Marking Additives Antistatic Technologies UV Light Barrier Technologies Cap & Closure Colorants Process Optimization Technologies Antioxident Technologies Density Modified Technologies 26POLYONE CORPORATION Target End Markets… Consumer Thermally Conductive Components Polymer Colorants Elastomeric Grips and Handles Structural Composite Components 27POLYONE CORPORATION Impart weight, sound and metallic finish to caps and closures for cosmetics and spirits applications Elevate quality and prestige perceptions among high-end consumers Eliminate time and cost associated with secondary operations and assembly Luxury Packaging GravitechTM Density Modified Polymers 28POLYONE CORPORATION Optimize Color Usage OnColorTM Super Concentrates Eliminate costs by increasing pigment density Enhance color performance without altering form and formulation Increasing design capabilities by reducing weight and layer thickness 29POLYONE CORPORATION Combat Bacteria Formation WithStandTM Antimicrobial Technology Inhibit microbial growth on polymer surfaces Enhance value or products and devices Highly versatile concentrate with the ability to be incorporated into a wide variety of products 30POLYONE CORPORATION Medical Device Housings Chemically Resistant Engineered Polymers Durable, long-lasting products stand up to the most aggressive disinfectants Minimize environmental stress cracking and discoloration One of the broadest medically approved polymer and colorant portfolios 31POLYONE CORPORATION Color & Design Services Greater control of color development and supply chain Work across entire design process from concept to commercialization Inspire creativity in the use of polymer materials, colors, and effects Innovative brand differentiation Faster development timelines 32POLYONE CORPORATION 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 33POLYONE CORPORATION ColorMatrix Fiber Colorant Solutions Proprietary advanced liquid color formulations and equipment enable greater efficiency and productivity Eliminates aqueous dyeing and its associated wastewater treatment Solid Color Concentrates Extrusion-spun fibers colored via solid masterbatch Fiber Colorants 34POLYONE CORPORATION Smart Home Devices ResilienceTM Vinyl Solutions High flame retardancy to meet strict UL standards Greater processing and design flexibility Specialized additives provide long term color stability Diffusive lens materials improve light dispersion 1 Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except per share data) Senior management uses comparisons of adjusted net income from continuing operations attributable to PolyOne common shareholders, adjusted earnings per share (EPS) attributable to PolyOne common shareholders and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to assess performance and allocate resources because senior management believes that these measures are useful in understanding current profitability levels and that current levels may serve as a base for future performance.
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Massillon, OH 44646 Phone: 1.330.834.3820 Fax: 1.330.837.8467 www.PolyOne.com EUROPE PolyOne Belgium SA Rue Melville Wilson 2 5330 Assesse Belgium Phone: +32 (0) 83 660 271 E-mail: info.color@polyone.com www.PolyOne.com ASIA PolyOne Shanghai China No. 88, GuoShouJing Road Z.J.
Hi-Tech Park Pudong, Shanghai 201203 China Phone: +86 (0) 21 5080 1188 E-mail: shanghai@polyone.com.cn www.PolyOne.com That is our mission at PolyOne, and we fulfill it by delivering premium-quality products and services, which our customers use to enhance their own products.
Hi-Tech Park Pudong, Shanghai 201203 China Phone: +86 (0) 21 5080 1188 E-mail: shanghai@polyone.com.cn www.PolyOne.com That is our mission at PolyOne, and we fulfill it by delivering premium-quality products and services, which our customers use to enhance their own products.
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IR Deck - AVNT-2024.06.30 (Earnings) AVIENT CORPORATION S E C O N D Q U A R T E R 2 0 2 4 R E S U L T S A N D 2 0 2 4 F I N A N C I A L G U I D A N C E (NYSE: AVNT) AU G U S T 6 , 2 0 2 4 DISCLAIMER Forward-Looking Statements Certain statements contained in or incorporated by reference into this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
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Industrial Valle del Cinca S/N Apartado Barbastro, Huesca E-22300 Spain Facility: Avient Corporation - Bethel, CT 19 Francis J Clark Circle Bethel, CT 06801 U.S.A.
Activity: Design, Manufacture and Distribution of Thermoplastic Elastomer Resins & Pellets Activity: Design, Manufacture and Distribution of Thermoplastic Elastomer Resins & Pellets Facility: Avient Corporation - Merate, Italy Via Bergamo 51 23807, Merate, Lecco Italy Facility: Avient Corporation - North Baltimore, OH 733 E.
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Industrial Valle del Cinca S/N Apartado Barbastro, Huesca E-22300 Spain Facility: Avient Corporation - Bethel, CT 19 Francis J Clark Circle Bethel, CT 06801 U.S.A.
Activity: Design, Manufacture and Distribution of Thermoplastic Elastomer Resins & Pellets Activity: Design, Manufacture and Distribution of Thermoplastic Elastomer Resins & Pellets Facility: Avient Corporation - Merate, Italy Via Bergamo 51 23807, Merate, Lecco Italy Facility: Avient Corporation - North Baltimore, OH 733 E.
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Use of Non-GAAP Measures Page 3 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 • 18 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 • Targeting $2.50 Adjusted EPS by 2015, nearly double 2013 EPS • Drive double digit operating income and adjusted EPS growth Confirmation of Our Strategy The World’s Premier Provider of Specialized Polymer Materials, Services and Solutions Specialization Globalization Operational Excellence Commercial Excellence -150.00% -50.00% 50.00% 150.00% 250.00% 350.00% 450.00% PolyOne S&P 500 Russell 2000 Dow Jones Chemical All time high of $39.28 April 4th, 2014 • 18 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 6 Appliance 4% Building & Construction 13% Wire & Cable 9% Electrical & Electronics 5% Consumer 10%Packaging 16% Industrial 12% HealthCare 11% Transportation 18% Misc. 2% 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 7 PolyOne At A Glance United States 67% Europe 14% Canada 7% Asia 6% Latin America 6% Specialty 54% PP&S 18% Distribution 28% Mix Shift Highlights Specialty Transformation Page 8 Old PolyOne Transformation *Operating Income excludes corporate charges and special items 2% 34% 43% 62% 64% 0% 20% 40% 60% 80% 100% 2005 2008 2010 2013 Q1 2014 2015 % o f O pe ra tin g In co m e* JV's Performance Products & Solutions Distribution Specialty 65-75% Specialty OI $5M $46M $87M $195M $60M Target 2015 Target Proof of Performance & 2015 Goals Page 9 2006 Q1 2014 2015 “Where we were” “Where we are” Target 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 13.8% 12 – 16% Global Specialty Engineered Materials 1.1% 11.6% 12 – 16% Designed Structures & Solutions -- 6.5% 8 – 10% Performance Products & Solutions 5.5% 7.7% 9 – 12% Distribution 2.6% 6.1% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 64% 65 – 75% 3) ROIC* (after-tax) 5.0% 9.4% 15% 4) Adjusted EPS Growth N/A 42% Double Digit Expansion *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period Bridge to $2.50 Adjusted EPS by 2015 2015 EPS: $2.50 2013 EPS: $1.31 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 CAGR 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 11 14.3% 30.7% 2006 2013 Specialty Platform Gross Margin % 19.5% 42.0% 2006 Q1 2014 Healthcare Consumer Packaging and Additive Technology Transportation Page 12 Unique and Innovative Solutions 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 60% 100% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 2014 Pension Funding** As of March 31, 2014 Debt Maturities & Pension Funding – 3/31/14 Net Debt / EBITDA* = 1.9x $48 $317 $600 $0 $100 $200 $300 $400 $500 $600 $700 $800 2015 2020 2023 Debt Maturities As of March 31, 2014 ($ millions) Coupon Rates: 7.500% 7.375% 5.250% ** includes US-qualified pension plans only *TTM 3/31/2014 Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return $0.16 $0.20 $0.24 $0.32 $0.10 $0.20 $0.30 $0.40 2011 2012 2013 2014 Annual Dividend Expanding our sales, marketing, and technical capabilities Investing in operational and initiatives that drive profitability growth Manufacturing realignment Targets that expand our: • Specialty offerings • End market presence • Geographic footprint • Operating Margin Synergy opportunities Adjacent material solutions Repurchased 1.4 million shares in Q1 2014 Repurchased 6.4 million shares since April 2013 13.6 million shares are available for repurchase under the current authorization Organic Growth Acquisitions Share Repurchases Dividends The New PolyOne: A Specialty Growth Company Why Invest In PolyOne?
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Rachatewa, Bangplee Samutprakarn, Thailand, 10540 Phone: +66 232 791 00 Americas The ColorMatrix Corporation 680 North Rocky River Drive Berea, 44017 OH, USA Phone: +1 216 622 0100 Innovation Center & Manufacturing Plant 2900 Shawnee Industrial Way Suwanee, GA, United States, 30024 Phone: +1 770 271 5900 ColorMatrix do Brasil Indústria e Comércio de Pigmentos e Aditivos Ltda. 13295-000 Itupeva, SP Brazil Av.
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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 • 19 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, nearly double 2013 EPS • 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 Transformation *Operating Income excludes corporate charges and special items 2% 34% 43% 62% 66% 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 $129M Target Mix Shift Highlights Specialty 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.
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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 • 19 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, nearly double 2013 EPS • 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 Transformation *Operating Income excludes corporate charges and special items 2% 34% 43% 62% 66% 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 $129M Target Mix Shift Highlights Specialty 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.