https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
The Compensation Committee maintained adjusted EPS as the performance measure for the 2023-2025
cash-settled performance unit awards in order to drive improvements in shareholder value.
COMPENSATION DISCUSSION AND ANALYSIS
52 PROXY STATEMENT 2024 | Annual Meeting of Shareholders
Performance Period Weighting
January 1, 2023 through December 31, 2023 25%
January 1, 2024 through December 31, 2024 25%
January 1, 2025 through December 31, 2025 25%
January 1, 2023 through December 31, 2025 25%
The attainment level for the cash-settled performance units will be certified at the end of the total three-
year performance period.
If the
date of the 2025 Annual Meeting is delayed by more than 60 calendar days after the anniversary of the
Annual Meeting, then a shareholder’s notice must be delivered to our principal executive offices not later
than the close of business on the later of the 90th calendar day prior to the 2025 Annual Meeting or the
10th calendar day following the day on which public announcement of the date of the 2025 Annual
Meeting is first made.
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
Gaggenau, Germany 5.
Melle, Germany 8.
Diez, Germany
38.
https://www.avient.com/sites/default/files/2022-05/ColorMatrix Amosorb Solo Technical Bulletin.pdf
The European Union has encouraged and acted on
the need for circular packaging by implementing
many initiatives, including mandating legislation
in order to achieve an ambitious target of 25%
rPET being utilized in PET packaging by the year
2025, and then scaling this figure up to 30% for the
overall plastic packaging industry by 2030.1
With 47% of PET demand in Europe used to
produce bottles,2 it is no surprise PET has long
been at the center of this green revolution.
https://www.avient.com/sites/default/files/2025-04/Supplier Code of Conduct FV_Germ.pdf
Version: April 2025
Gesundheit und Sicherheit
Umwelt
Soziales
Ethik und Governance
Management-Systeme
https://www.avient.com/sites/default/files/2025-04/Supplier Code of Conduct FV_Turkey.pdf
Versiyon: Nisan 2025
Sağlık ve Güvenlik
Çevre
Sosyal
Etik ve YÖNETİM
Yönetim Sistemleri
https://www.avient.com/sites/default/files/2020-10/2020-gravi-tech-design-guide-.pdf
It is better to
fill out the part at slower speeds in-order to let
any compressed air escape, and to get the best
surface finish on the part.3
• Using all of the previous settings, record the
Transfer Pressure, Fill Time, and Injection
speed
• Reduce the injection velocity by 10% and
record the same values
Transfer
Pressure
(psi)
Fill
Time
(sec)
Injection
Velocity
(in/sec)
Relative
Shear Rate
Relative
Viscosity
1238 0 .20 8 .00 5 .00 247 .60
1125 0 .22 7 .00 4 .55 247 .50
1058 0 .25 6 .00 4 .00 264 .50
960 0 .35 5 .00 2 .86 336 .12
870 0 .45 4 .00 2 .22 391 .65
780 0 .58 3 .00 1 .72 452 .59
690 0 .85 2 .00 1 .18 586 .78
600 1 .35 1 .00 0 .74 810 .45
510 2 .50 0 .75 0 .40 1275 .83
420 5 .23 0 .50 0 .19 2198 .34
330 9 .56 0 .25 0 .10 3157 .99
240 15 .26 0 .10 0 .07 3667 .49
FIGURE 47 - Injection Speed
22 Gravi-Tech
• Keep reducing the injection velocity until a
fill time of 10-15 seconds is reached
• Calculate the Relative Viscosity for each of
the Injection Speeds using the equation
above (Transfer Pressure * Fill Time)
• Calculate the Relative Shear Rate for each of
the injection speeds using the equation
(1/Fill Time)
• Plot the points on a graph and find the
optimum velocity
• The optimum velocity will be where the
curve starts to level out
In figure 48 above, the optimum velocity is where
the plotted line crosses the black trend line;
therefore the optimum velocity would be about
1 .00 in/sec .
FIGURE 48 - The Injection Unit
Nozzle
Non-Return Valve Heater Bands Barrel
Screw
Hopper
Metering
Zone
Compression
Zone
Feed
Zone
FIGURE 47 - Non-Return Valve: Check Ring
Check Ring Open
Check Ring Closed
FIGURE 49 - The Injection Unit
FIGURE 50 - Non-return Valve: Check Ring
Design Guide 45
FIGURE 48 - Non-Return Valve: Ball Check
Ball Check Open
Ball Check Closed
Poppet Valve
The final type of non-return valve is called a
poppet valve .
End of Fill
Part Length
Dynamic Pressure
Hydrostatic Pressure
P
re
s
s
u
re
Gate End
Part
FIGURE 61 - Deflection Equations
H
F
WLMax Deflection:
0.002" (0.05mm)
1 =
W • H3
12
_______
bending =
F • L3
48 • E • I
_______
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
FIGURE 60 - Pressure vs Part Length
FIGURE 61 - Deflection equations
FIGURE 62 - For Plate Shaped Parts
FIGURE 63 - For Cylindrical Shaped Parts
Design Guide 49
• M
Moldings
= Combined mass of molded parts
• C
p
= Specific Heat of the material
Step 3 – Heat Removal Rate
• N
lines
= The total number of independent cooling
lines there are in the mold
• t
c
= The cooling time required by the part
(Determined in step 1)
Step 4 – Coolant Volumetric Flow Rate
• ΔT
Max,Coolant
= Change in coolant
Temperature During Molding (1°C)
• ρ
Coolant
= Density of coolant
• CP = Specific heat of coolant
Step 5 – Determine Cooling Line Diameter
• ρ
Coolant
= Density of coolant
• V
Coolant
= Volumetric flow rate of coolant
• μ
Coolant
= Viscosity of coolant
• ΔP
line
= Max pressure drop per line
(Usually equals half of the pump capacity)
• L
Line
= Length of the cooling lines
COOLING LINE SPACING
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
2D < H
line
< 5D
H
line
< W
line
< 2H
line
FIGURE 70 - Cooling Line Spacing
FIGURE 64 - Heat Transfer Equation
FIGURE 65 - Total Cooling for Mold
FIGURE 66 - Cooling Required by Each Line
FIGURE 68 - Max Diameter Equation
FIGURE 69 - Min Diameter Equation
FIGURE 67 - Volumetric Flow Rate Equation
50 Gravi-Tech
ADHESIVE ADVANTAGES DISADVANTAGES
Cyanoacrylate
Rapid, one-part process
Various viscosities
Can be paired with primers
for polyolefins
Poor strength
Low stress crack resistance
Low chemical resistance
Epoxy
High strength
Compatible with various
substrates
Tough
Requires mixing
Long cure time
Limited pot life
Exothermic
Hot Melt
Solvent-free
High adhesion
Different chemistries for
different substrates
High temp dispensing
Poor high temp performance
Poor metal adhesion
Light Curing Acrylic
Quick curing
One component
Good environmental resistance
Oxygen sensitive
Light source required
Limited curing configurations
Polyurethane
High cohesive strength
Impact and abrasion resistance
Poor high heat
performance
Requires mixing
Silicone
Room temp curing
Good adhesion
Flexible
Performs well in high temps
Low cohesive strength
Limited curing depth
Solvent sensitive
No-Mix Acrylic
Good peel strength
Fast cure
Adhesion to variety
of substrates
Strong odor
Exothermic
Limited cure depth
Design Guide 51
Bibliography
1 .
https://www.avient.com/knowledge-base/article/overmolding-part-design
Feb 11, 2025
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
The Compensation Committee maintained adjusted EPS as the performance measure for the 2023-2025
cash-settled performance unit awards in order to drive improvements in shareholder value.
COMPENSATION DISCUSSION AND ANALYSIS
52 PROXY STATEMENT 2024 | Annual Meeting of Shareholders
Performance Period Weighting
January 1, 2023 through December 31, 2023 25%
January 1, 2024 through December 31, 2024 25%
January 1, 2025 through December 31, 2025 25%
January 1, 2023 through December 31, 2025 25%
The attainment level for the cash-settled performance units will be certified at the end of the total three-
year performance period.
If the
date of the 2025 Annual Meeting is delayed by more than 60 calendar days after the anniversary of the
Annual Meeting, then a shareholder’s notice must be delivered to our principal executive offices not later
than the close of business on the later of the 90th calendar day prior to the 2025 Annual Meeting or the
10th calendar day following the day on which public announcement of the date of the 2025 Annual
Meeting is first made.
https://www.avient.com/sites/default/files/resources/Innovation%2520Day%2520-%2520May%25202014.pdf
Patterson
President and Chief Executive Officer
PolyOne Corporation Page 36
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 37
Innovation Drives Earnings Growth
$20
$53
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index
Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
PolyOne Corporation Page 38
Formula for Success
Innovation
Market
Beating
Performance
Excellence in Execution
PolyOne Corporation Page 39
Track Record of Successful Integrations and
Rapid Operating Income Growth
$12
$44
2007 2013
$22
$30
2012 2013
$24
$49
2012 2013
GLS ColorMatrix Spartech
OI in $ millions
PolyOne Corporation Page 40
2015 and Beyond
Innovation will drive the next
stage in our remarkable
transformation
Deliver on 2015
goals
Expand Specialty
offerings and
possibilities
Identified as a truly
global, specialty
chemical company
Market Potential Exceeds
$40 Billion
PolyOne Corporation Page 41
Driving Toward Premier Profitability
EBIT Margins for top tier
companies
Victrex 42%
Sigma Aldrich
18% FMC
25%
IFF 18%
Eastman 17%
Hexcel 16%
16%
Rockwood
Holdings
Celanese 14%
7% EBIT Margin – 2013
Albemarle 24%
Ecolab 13%
PolyOne Corporation Page 42
Bright Future & High Aspirations – The Next Seven Years
• % OP Income from Specialty - 5%
• Market Cap - $500 Million
• Revenue - $2.6 Billion
• Commodity Peers
• Specialty ROS - 1.5%
• % OP Income from Specialty - 62%
• Market Cap - $3.5 Billion
• Revenue - $3.7 Billion
• Specialty ROS - 9.4%
• % OP Income from Specialty - 80 to 90%
• Market Cap - $12 to $18 Billion
• Revenue - $8 to $10 Billion
• Specialty Peers
• Specialty ROS - ≥ 20%
2000 – 2006
2007 – 2013
2014 – 2020
PolyOne Corporation Page 43
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
Strong past 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
Addressable market exceeds $40 billion
PolyOne Corporation Page 44
Appendix
Kiosk Summaries
Segments at a Glance
Officer Biographies
PolyOne Corporation Page 45
Anti-Counterfeiting Solutions
Includes formulation and consultative
services to assist manufacturers and
brand owners in positively identifying
their packaging, devices, end
products and raw materials in the field
Protects brand equity – defense
against customer complaints or legal
actions based on erroneous product
identification
Protects consumer welfare –
decrease in potential harm to
consumers, reduction in unwarranted
recall expenses
Secures supply chain integrity –
support for safe expansion into new
geographies
PolyOne Corporation Page 46
Security and Safety Solutions
Polycast™ Bullet Resistant Sheet,
an optically clear, non-yellowing
acrylic, provides ballistics
protection against powerful
weapons
• High-impact resistance that foils
“smash-and-grab” thieves
GlasArmor™ Bullet Resistant
Panels, a UL-listed solution with
superior ballistic resistance yet
weights 75% less than steel panel
• Used in commercial security
applications for business, home,
and governmental facilities
PolyOne Corporation Page 47
3D Printing
Collaborating with customers using
3D printers to create prototypes
and samples
Enables customers to develop and
test their products and innovations
quickly and accurately
3D printing of molds and inserts
allows OEMs to develop and test
new product innovation using their
own equipment and material of
choice, more efficient than
traditional processes
PolyOne Corporation Page 48
Enhanced Ergonomic Technologies
Versaflex™ VDT was developed to
absorb vibration and noise in a
broad range of applications,
including minimally invasive
surgical instruments, electronics,
firearms, archery and automotive
Can be overmolded onto a rigid
substrate without the need for an
adhesive to increase production
efficiencies and profitability
Creates value by:
• Increasing end-user comfort
• Eliminating secondary assembly
• Differentiating end products
PolyOne Corporation Page 49
Sustainable Solutions
reFlex™ Bio-Based Plasticizer non-
phthalate additive used to make
vinyl more flexible
• Derived primarily from soybeans
rather than petroleum
• Certified by USDA BioPreferred®
program
Wilflex™ Oasis Water-Based Inks
satisfy consumer demand for eco-
conscious products
• Long screen life and production-
friendly to improve operational
efficiencies, increase design quality
PolyOne Corporation Page 50
Color and Design Services
First-of-its-kind offering that
supports color and product
development from concept to
reality
Helps brand managers and
designers evaluate color and
design alternatives to:
– accelerate and streamline product
development
– strengthen brand equity
– build marketplace excitement
Enhances product differentiation
Improves efficiency and profitability
PolyOne Corporation Page 51
Metal Replacement Technology
Portfolio of solutions that meet upper
range of performance requirements,
removing barriers to replacing metal
with polymers
Applications include:
• LED heat sinks
• Electronic shielding (EMI/RFI)
• Structural integrity at elevated
temperatures (i.e., large appliances)
• Lead-free radiation shielding (i.e.,
CT scanners)
Creates value by eliminating the
need for machining and secondary
operations, removing weight,
streamlining production and
improving cost efficiencies
PolyOne Corporation Page 52
Medical Device Solutions
Catheters made using NEU™ View
patent-pending technology are
optically translucent, and have
superior contrast under X-ray
(radiopaque) when compared with
alternative catheter materials
Formulations for cardiovascular and
intravascular catheters are
application-specific, incorporating
medical-grade polymers, additives,
color, and healthcare-centric
manufacturing practices
Only commercially available product
that has excellent visibility, both
optically and under X-ray, to bolster
clinician confidence and offer
significant market advantage
PolyOne Corporation Page 53
Consumer Electronics Solutions
Ability to offer multiple technology
solutions on a global basis for this
industry, where many OEMs design in
one region, prototype in another, and
manufacture in yet another
Sustainable / “green” solutions help
customers to differentiate in this
market
New formulations for emerging
wearables market that meet skin
contact requirements and aesthetic
needs
PolyOne Corporation Page 54
Appliances
4%
Building &
Construction
4%
Consumer
17%
Electrical &
Electronics
16%
Healthcare
12%
Industrial
8%
Packaging
7%
Transportation
19%
Wire & Cable
13%
At a Glance
Global Specialty Engineered Materials
2013 Revenues: $0.6 Billion Solutions
2013 Revenue by Industry Segment Expanding Profits
1.1% 1.3%
3.4%
5.1%
9.6%
8.0%
8.6%
9.3%
12-16%
2006 2007 2008 2009 2010 2011 2012 2013 Q1
2014
2015
Operating Income % of Sales
Target
United States
43%
Europe
33%
Canada
2%
Asia
18%
Latin America
4%
11.6%
PolyOne Corporation Page 55
Appliances
2%
Building &
Construction
11%
Consumer
5%
Electrical &
Electronics
6%
Healthcare
7%
Industrial
13%
Packaging
34%
Transportation
10%
Wire & Cable
12%
Target
At a Glance
Global Color, Additives and Inks
2013 Revenues: $0.9 Billion Solutions
Expanding Profits
1.7%
4.6% 5.1%
5.5%
7.2% 8.1%
9.7%
12.2%
12-16%
2006 2007 2008 2009 2010 2011 2012 2013 Q1
2014
2015
Operating Income % of Sales
United States
44%
Europe
37%
Canada
2%
Asia
11%
Latin America
6%
2013 Revenue by Industry Segment
13.8%
PolyOne Corporation Page 56
At a Glance
Designed Structures and Solutions
Solutions 2013 Revenues: $0.6 Billion
Expanding Profits
2.2%
8 - 10%
6.5%
2012 PF Q1 2013 Q1 2014 2015
Operating Income % of Sales
0.2%
Target
United States
96%
Canada
3%
Latin America
1%
Appliances
2%
Building &
Construction
10%
Consumer
11%
Healthcare
6%
Industrial
13%
Packaging
32%
Transportation
26%
2013 Revenue by Industry Segment
PolyOne Corporation Page 57
5.5%
6.9%
3.8% 3.6%
5.5%
4.3%
6.3%
7.2%
2006 2007 2008 2009 2010 2011 2012 2013 Q1
2014
Operating Income % of Sales
At a Glance
Performance Products and Solutions
Solutions
Expanding Profits
2013 Revenues: $0.8 Billion
United States
81%
Europe
1%
Canada
14%
Asia
2%
Latin America
2%
9-12%
Target
2013 Revenue by Industry Segment
Appliances
8%
Building &
Construction
34%
Consumer
4% Electrical &
Electronics
3%
Healthcare
1%Industrial
10%
Packaging
6%
Transportation
16%
Wire & Cable
18%
2015
7.7%
PolyOne Corporation Page 58
2.6%
3.0%
3.5%
4.0%
4.6%
5.6%
6.4%
5.9%
6 - 7.5%
2006 2007 2008 2009 2010 2011 2012 2013 Q1
2014
2015
Operating Income % of Sales
15.3%
46.0%
2006 Q1 2014
At a Glance
Distribution
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and
equity over a 5 quarter period
Solutions 2013 Revenues: $1.1 Billion
ROIC* Expanding Profits
Target
Appliances
5%
Building &
Construction
5%
Consumer
14%
Electrical &
Electronics
5%
Healthcare
24%
Industrial
16%
Packaging
5%
Transportation
23%
Wire & Cable
3%
6.1%
http://www.polyone.com/Pages/VariationRoot.aspx
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520KeyBanc%2520Conference%2520-%2520September%252014%25202016.pdf
Addressable market exceeds $40 billion
St f d t t th t t t d ti 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
The New PolyOne: A Specialty Growth Company
g p g g g p
PolyOne Corporation Page 21
The New PolyOne: A Specialty Growth Company
Appendix
PolyOne Corporation Page 22
2Q 2016 Financial Highlights
Performance Products & Solutions
operating margin grew 370 basis $18
$16
$21
$18
$22
PP&S Operating Profit
points year-over-year to 12.3%
$11
$15
$16
$10
$14
$18
2Q'12 2Q'13 2Q'14 2Q'15 2Q'16
SEM O ti P fit
SEM operating margin expanded 50
basis points to a record second
$15
$19
$20
$21
$18
$22
SEM Operating Profit
Adjusted EPS
quarter level of 14.9% $13
$15
$10
$14
2Q'12 2Q'13 2Q'14 2Q'15 2Q'16
$0.37
$0.51
$0.57
$0.63
$0.45
$0.70
Adjusted EPS
Second quarter adjusted EPS has
grown on average 20% per year
PolyOne Corporation Page 23
$0.30
$
$0.20
2Q'12 2Q'13 2Q'14 2Q'15 2Q'16
since 2012
Note: $ in millions, except per share data
At a Glance
Color, Additives and Inks
2015 Revenues: $0.8 Billion Solutions
United States
48%
Europe
33%
Asia
Canada
2%
12%
Latin America
5%
16.7%
18.0%
20%+Operating Income % of Sales
Expanding Profits2015 Revenue by Industry Segment
14.7%
Packaging
31%
Textiles
1.7%
4.6% 5.1%
5.5%
7.2% 8.1%
9.7%
12.2%
Building &
C i
Consumer
Healthcare
6%
Industrial
13%
8%
Transportation
9%
Wire & Cable
11%
PolyOne Corporation Page 24
1.7%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020
Platinum
Vision
Appliances
2%
Construction
11%
8%
Electrical &
Electronics
1%
At a Glance
Specialty Engineered Materials
2015 Revenues: $0.5 Billion Solutions
United States
49%49%
Europe
29%
Asia
20%
Canada
2%
14.7% 14.9%
20%+Operating Income % of Sales
2015 Revenue by Industry Segment Expanding Profits
Appliances
3%
Packaging
5%
Transportation
19%
Wire & Cable
15%
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6%
9.3%
12.1%Building &
Construction
3%
Consumer
20%
Electrical &
Electronics
Healthcare
11%
Industrial
8%
PolyOne Corporation Page 25
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020
Platinum
Vision
Electronics
16%
At a Glance
Designed Structures and Solutions
Solutions2015 Revenues: $0.5 Billion
United States
97%
Canada
3%
8-10%
Operating Income % of Sales
Expanding Profits2015 Revenue by Industry Segment
Packaging
19%
1.4%
5.6%
7.3%
3.0%
1.0%Building &
Construction
Healthcare
7%
Industrial
24% Transportation
33%
PolyOne Corporation Page 26
2012 2013 2014 2015 2Q'16 2020
Platinum
Vision
Appliances,
3%
Construction
9%
Consumer
5%
7%
At a Glance
Performance Products and Solutions
Solutions2015 Revenues: $0.7 Billion
United States
79%
CanadaCanada
14%
Asia
2%
Latin America
5%
Packaging
5% Transportation
19% Wire & Cable
16%
12-14%
Operating Income % of Sales
Expanding Profits
12.3%
2015 Revenue by Industry Segment
Appliances
7%
Building &
Construction
31%
Electrical &
El t i
Healthcare
1%
Industrial
13%
%
5.5%
6.9%
3.8%
3.6%
5.5%
4.3%
6.3%
7.2%
8.3%7.7%
PolyOne Corporation Page 27
31%
Consumer
5%
Electronics
3%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020
Platinum
Vision
At a Glance
Distribution
Key Suppliers2015 Revenues: $1.0 Billion
Packaging
4%
Transportation
24%
Wire & Cable
4%
Appliances
6%
Building &
Construction
4%Consumer
13%Healthcare
Industrial
16%
Electrical &
Electronics
6%
23%
6 6%
6.5-7.5%
6 5%
Operating Income % of Sales
53%
ROIC Expanding Profits
2.6%
3.0%
3.5%
4.0%
4.6%
5.6%
6.4% 5.9%
6.6% 6.5%
15%
6.1%
PolyOne Corporation Page 28
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020
15%
2006 2Q 2016
Platinum
Vision
Plastics: Key to Future Sustainable Development
2 lbs Plastic
=
3 lbs aluminum
Requires 91% less energy to
recycle a pound of plastic versus
a pound of paper3 lbs aluminum
or
8 lbs steel
or
a pound of paper
or
27 lbs glass
33% less material by weight
than aluminum
75% less material by weight75% less material by weight
than steel
93% less material by weight
than glass
PolyOne Corporation Page 29
than glass
Source: SPI: Sustainability and the Plastics Industry
Application Examples
PolyOne Corporation Page 30
Luxury Packaging
with Gravitech Density Modified Polymers
• Impart weight, sound and
metallic finish to caps andmetallic finish to caps and
closures for cosmetics and
spirits applications
• Elevate quality and prestige
perceptions amongperceptions among
high‐end consumers
• Eliminate time and cost
associated with secondary
operations and assembly
PolyOne Corporation Page 31
p y
Medical Device Housings
with Chemically Resistant Engineered Polymers
• Durable, long‐lasting products
stand up to the most
aggressive disinfectants
• Minimize environmental stress
cracking and discolorationg
• One of the broadest medically y
approved polymer and
colorant portfolios
PolyOne Corporation Page 32
Printed Circuit Boards
with Thermally Conductive Polymers
• Replaces metal by etchingReplaces metal by etching
circuit designs into thermally
conductive plastic
• Maintains heat transfer and
cooling capabilities of metals
• Reduces both weight and cost
• Increases the lifetime and
reliability of electronic systems
PolyOne Corporation Page 33
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
PolyOne Corporation Page 34
• Faster development timelines
Outdoor Applications
• Leading provider of high
performance specialty materials
for the recreational and sports & p
leisure industry
• Well positioned across all segments
to address market needs
Metal to Polymer Conversion
Lightweighting
Thermal Management
Impact Performance
PolyOne Corporation Page 35
Source: Outdoor Industry Association
Fiber Colorants
Solutions for clothing, apparel, footwear, automotive & sporting goods
• 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 viaExtrusion‐spun fibers colored via
solid masterbatch
PolyOne Corporation Page 36
PET Bottling Technology
• $1.5 billion attractive, growing market
Shelf‐life
extension
Weight
reduction
• Improve performance and reduce
cost through light‐weighting,
d d t f t l ti Greater product
consistency
l b l
Enhanced
product
aesthetics
reduced waste, faster cycle times
and extended shelf life
Recyclability and
reduced carbon
footprint
aesthetics
High heat
• Aligned with megatrend of facing
climate and resource challenges:
Color and
Special Effects
High heat
resistance Sustainability benefits include
lower package weight and
improved recyclability of package
at end of use
PolyOne Corporation Page 37
at end of use
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
l f f d• Simplifies manufacturing and
lowers total production cost
PolyOne Corporation Page 38
High-Barrier Packaging Containers
• Capability to extrude up to 13 layers• Capability to extrude up to 13 layers
• Strong oxygen and moisture vapor
transmission protectiontransmission protection
• Can be made symmetrical or
asymmetrical to meet customizedasymmetrical to meet customized
needs of broad variety of applications
• Barrier protection and superiorBarrier protection and superior
sensory properties
PolyOne Corporation Page 39
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.