https://www.avient.com/sites/default/files/2024-09/Terms and Conditions of Sale for Germany.pdf
If the Buyer fails to
give notice, the Product shall be deemed
to have been approved, unless the defect
was not recognizable during the
inspection.
Thereafter,
Buyer automatically approves the
invoice.
If the Buyer fails to give notice, the Product shall be deemed to have been approved, unless the defect was not recognizable during the inspection.
https://www.avient.com/sustainability-2020
We then develop and communicate the draft to internal stakeholders, soliciting feedback, and considering revisions before the standard is finalized and approved.
https://www.avient.com/sites/default/files/2021-04/bergamid-electronic-connectors-case-study.pdf
After
evaluating and approving the material’s physical properties,
the manufacturer also requested that it was formulated to
be flame-retardant.
https://www.avient.com/sites/default/files/2022-02/Sustainability ESG Disclosures_Titanium Dioxide.pdf
If accidental exposure occurs, use of personal protective equipment such as
an approved respirator, chemical resistant gloves, chemical goggles, and protective clothing should be utilized
whenever appropriate.
https://www.avient.com/sites/default/files/2020-09/cai-overview-brochure.pdf
Look to us for support with:
• Color Technology: Custom matching,
saturated colors and special effects to fill market
niches and eliminate secondary operations
• Color and Design Services: Trend and color
insights, and product development assistance to
optimize design and gain speed to market
• Regulatory Coordination: Aid with new product
approvals with UL, NSF, FDA, healthcare guidelines
and others to reduce regulatory overhead and
minimize risk
• Field Technical Services: Support for tool design,
startup and production optimization
to gain manufacturing efficiencies
• Sustainability: Innovative materials and solutions to
help you meet your sustainability goals
1.844.4AVIENT
www.avient.com
Copyright © 2020, Avient Corporation.
https://www.avient.com/sites/default/files/2020-08/bottle-optimization-brochure-8.5x11.pdf
FDA approved materials
• European regulations and directives
4
• Mercosur (S.A.) region regulations
• GB (China) national standards
• Avient No Surprises PledgeSM
To consult with one of our experts, contact us at +1.844.4AVIENT
or submit your request at Connect Now.
https://www.avient.com/sites/default/files/2025-03/ColorMatrix Optica PET Recycle Blue Toners Product Bulletin.pdf
SmartHeat™ RHC AAzure™ Optica™ Ultimate™ UV390R
APPLICATION PET process aid
Acetaldehyde
scavenger
Heat stable, enhanced
recyclability toners
and colors
Light barrier
for PET
FORMULATION Liquid dispersionStand alone
Liquid dispersion
Triple A™ with
SmartHeat RHC
Liquid dispersion
Heat stable dyes and
carrier system with
SmartHeat RHC
Liquid dispersion
USER Converters andrPET producers Converters (water)
Converters and
rPET producers Converters
COLOR Colorless
Slight blue tint or
can be colored as
required with the
addition of
Optica toners
A range of blue colors
and toners, also
custom color solutions
Green and amber
colors also available
Colorless
RECYCLING
APPLICATIONS
APR accredited N/A N/A APR accredited
COLORMATRIX ENHANCED RECYCLABILITY PORTFOLIO
KEY BENEFITS
• Corrects yellowing and balances color variation
in PET preforms, bottles and rPET
• Improves heat stability through the recycling
process
• Improves the quality and performance of rPET
• Achieves improved mechanical strength in the
bottle
• Improves productivity, reduced blowouts,
downtime and scrap rates in bottle blowing
and filling
• Reduces energy consumption
• Supports the circular economy
TARGET MARKET & APPLICATIONS
PET preforms and rPET resin
REGULATORY
• EU - ✓
• FDA - ✓
• Mercosur - approved for use in Brazil with
applicable use limitations
Detailed information regarding food contact
clearances available on request.
1.844.4AVIENT
www.avient.com
Copyright © 2025, Avient Corporation.
https://www.avient.com/sites/default/files/resources/Proxy%2520Statement%2520for%2520Web%2520Hosting.pd_.pdf
Wulfsohn Qualifications, Attributes, Skills and Experience:
Current Directorships:
Former Directorships:
Age:
Director since:
ADVISORY VOTE
PROPOSAL 2 — ADVISORY VOTE TO APPROVE NAMED
EXECUTIVE OFFICER COMPENSATION
Objective How Our Executive Compensation Program Achieves this Objective
Our Board recommends a vote FOR Proposal 2 to
approve, on an advisory basis, our Named Executive Officer compensation.
Kunkle
APPENDIX A
Year Ended Year Ended
December 31, 2018 December 31, 2017
Reconciliation to Condensed Consolidated Statements
of Income $ EPS $ EPS
Year Ended Year Ended
December 31, 2016 December 31, 2015
Reconciliation to Condensed Consolidated Statements of
Income $ EPS $ EPS
Year Ended
December 31, 2014
Reconciliation to Condensed Consolidated Statements of
Income $ EPS
Year Ended
December 31,
Reconciliation to Consolidated Statements of Income 2018 2017
As of December 31,
2018
Table Of Contents
Message From Our CEO
Notice Of 2019 Annual Meeting Of Shareholders
Proxy Summary
Proxy Statement
Proposal 1-Election Of Board Of Directors
Proposal 2-Advisory Vote To Approve Named Executive Officer Compensation
Proposal 3-Ratification Of Appointment Of Independent Registered Public Accounting Firm
Corporate Governance
2018 Non-employee Director Compensation
Ownership Of Polyone Shares
Compensation Discussion And Analysis
Executive Summary
Executive Compensation Philosophy And Objectives
What We Pay And Why: Elements Of Compensation
Other Aspects Of Our Compensation Programs
Executive Compensation
2018 Summary Compensation Table
2018 Grants Of Plan-Based Awards
Outstanding Equity Awards At 2018 Fiscal Year-End
2018 Option Exercises And Stock Vested
2018 Nonqualified Deferred Compensation
Potential Payments Upon Termination Or Change Of Control
CEO Pay Ratio Disclosure
Compensation Committee Interlocks And Insider Participation
Policy On Related Person Transactions
Risk Assessment Of The Compensation Programs
Compensation Committee Report
Miscellaneous Provisions
Appendix A
https://www.avient.com/sites/default/files/2021-11/avnt-november-investor-meetings.pdf
We are Avient.
6
B ET T E R TO G E TH E R : P O LYO NE A N D
C L A R I A N T C O LO R
Key Financial Data (1)
2021E Sales $4.75 billion
2021E EBITDA $580 million
87% of EBITDA from specialty applications
(1) As of October 28, 2021 webcast
Synergies
($ millions)
Three-Year
Estimate
Administrative $ 20
Sourcing 30
Operational 25
Total Synergies $ 75
7
C L A R I A N T C O S T S Y N ERG I E S
• On-track to realize $50 million of expected
synergies in 2021 – up from earlier estimate of $35
million
• Relentless focus on guiding principles for
acquisition integration: safety first, employee
collaboration and exceeding customer expectations
• Future revenue synergies in excess of $50 million
by 2025 are not part of these estimates and
represent additional growth over the long term
8
• Barrier technology
• Functional additives
• Processing aids
• Flame retardants
• Light-weighting
additives
Complementary
Technologies
• Clariant’s approved
formulations and
certified facilities
• Legacy PolyOne’s
leading share in
distribution channels
Healthcare
Solutions
• Clariant’s position
in SE Asia,
Latin America,
Germany & Italy
• Legacy PolyOne’s
position in U.S.,
Canada and China
Regional
Strengths
• Solutions with Avient’s
engineered materials
customers
• Avient’s distribution
channels
Segment
Cross-selling
C O M P L E M E NTA RY T E C H N O LOG I E S A N D
C U S TO M ER S D R I V E R E V E N U E S Y N E RG I E S
Revenue synergy opportunities in excess of $50M by 2025
The complementary aspects of our combined businesses are unquestionable.
Post-consumer recycled content as percentage of total plastic packaging volume, by weight
E NA B L I N G T H E U S E O F R E C YC L E D C O N T EN T
T O P 5 G A P S T H A T W E A R E A D D R E S S I N G
2) DECONTAMINATION1) COLOR MANAGEMENT 3) MAINTAINING MECHANICAL
PROPERTIES
4) MONO-MATERIAL
CONSTRUCTION
5) CONSISTENT RECYCLED
MATERIAL QUALITY
15
G U I D I N G B R A N D S T O W H A T I S P O S S I B L E
C A S E S T U DY W I T H B R A N D OW N E R
Recycled ResinVirgin Resin
16
S U S TA I NA B I L I T Y F O R A B ET T E R TO M O R ROW
17
• Revenue from sustainable solutions expected
to grow 18% in 2021 as our innovation efforts
and collaboration with customers continues to
accelerate
• Investments centered around innovation and
global sustainability megatrends
o Enabling a circular economy –
Technologies that allow for increased use of
post-consumer recycled (PCR) material and
improve recyclability of plastics
o Light-weighting – Composites and CAI
applications to reduce weight and material
requirements, which minimize energy and
carbon emissions
o Eco-Conscious – Health and human safety
applications as well as Avient’s alternative
materials to replace lead, PVC, halogens,
BPA and other less eco-friendly options
17
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
2016 2017 2018 2019 2020PF** 2021E
$405M
$455M
$340M
$550M
$790M
Revenue From Sustainable Solutions* 2016-2021
$930M
17
Q3 2020 $925 $74
Sustainable Solutions 35 19% 14
Healthcare 51 44% 10
Composites 13 39% 6
Growth in Asia / LATAM 14 11% 3
Other 177 39% 16
Sub-total $1,215 31% $123
Supply Chain Disruption Costs (19)
COVID Response Applications (5) (3)
FX Impact 10 2
Synergies 12
Incentives, Travel, Other Employee Costs (16)
Q3 2021 $1,220 32% $99
Q3 2021 SALES AND OPERATING INCOME
( T O TA L C O M PA N Y )
18
Sales Growth Rate
Adjusted
Operating
Income$ millions
19
Q3 2020 Q3 2021
(1) Financial information is presented on a constant currency basis
(1)
(44% of total revenue)
(56% of total revenue)
Q3 END MARKET SALES PERFORMANCE
+20%
+31%
+40%
+24%
+46%
+40%
+14%
+33%
Energy Telecom Building &
Construction
Transportation Industrial Healthcare Packaging Consumer
Q3 YEAR-OVER-YEAR EBITDA BRIDGE
20
• Demand driven by growth
in sustainable solutions,
healthcare and consumer
applications
• Price increases more than
offsets raw material and
supply chain impacts
• Synergy capture on pace
to achieve $50M in annual
savings in 2021
Q3 2020 $ 111
Demand 29
Adjusted
EBITDA$ millions
CAI:
Price / Mix 51
Inflation (37)
SEM:
Price / Mix 25
Inflation (22)
Distribution:
Price / Mix 108
Inflation (103)
Net Price Benefit 22
Supply Chain Disruption Costs (19)
COVID Response Applications (3)
Synergies 12
Incentives, FX, Other (16)
Q3 2021 $ 136
21
• Price increases have more than
covered raw material and freight
inflation impacts of $300M year-
to-date compared to 2020
• Demand impact driven by
Q3 seasonality for the business
Q2 TO Q3 SEQUENTIAL EBITDA BRIDGE
Q2 2021 $ 159
CAI:
Price / Mix 17
Inflation (8)
SEM:
Price / Mix 6
Inflation (5)
Distribution:
Price / Mix 35
Inflation (35)
Net Price Benefit 10
Supply Chain Disruption Costs (4)
Demand / Seasonality (35)
Other 6
Q3 2021 $ 136
Adjusted
EBITDA$ millions
F U L L Y E A R 2 0 2 1
O U T L O O K
$308
$430
2020PF 2021E
$1.93
$3.00
2020PF 2021E
FULL YEAR GROWTH PROJECTIONS
( T O TA L C O M PA N Y )
23
Sales Adjusted Operating Income
$3,783
$4,750
2020PF 2021E
+ 26%
Adjusted EPS
+ 40% + 55%
(in millions) (in millions)
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
(1)(1)(1)
$1.74
$1.93
$3.00
2019PF 2020PF 2021E
$442
$457
$580
2019PF 2020PF 2021E
FULL YEAR 2019 – 2021 GROWTH
( T O TA L C O M PA N Y )
24
Sales Adjusted EBITDA
$3,981
$3,783
$4,750
2019PF 2020PF 2021E
+ 19%
Adjusted EPS
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
(1) (1)
(in millions) (in millions)
(1)(1)
+ 31% + 72%
(1) (1)
0.1 0.1
0.2
0.5
0.6
0.7
0.8
0.9
0.9
1.0 1.0
11 12 13 14 15 16 17 18 19 20 21
40%
99%
YTD 5 - YR 10 - YR
0.16
0.20
0.26
0.34
0.42
0.50
0.58
0.72
0.79 0.81
0.85
0.95
11 12 13 14 15 16 17 18 19 20 21 22
2.1x
Q4 NET LEVERAGE
~$1Bn
REPURCHASED
OVER LAST 10 YEARS
~$450MM
PAID OVER LAST 11 YEARS
C R E AT I N G VA LU E F O R SH A R E H O L D E R S
25
Share Performance Dividends Share Repurchases Deleveraging
3.5x
2.1x
2019PF 2021E
Growing Dividend Cumulative Buybacks Net Leverage
$
B
n
$
p
e
r
sh
a
re
Total Shareholder Return
~$4Bn
MARKET CAP INCREASE
OVER LAST 10 YEARS
(1) Share performance includes reinvested dividends and is as of 10.25.2021
(2) Financial information is pro forma to include a full year of Clariant Color acquisition
(1)
(2)
494%
SUSTA INAB ILITY R EPORT
Continuous ESG Improvement
26
• Updated 2030 Sustainability Goals
• Further disclosure on key Environmental,
Social, and Governance impacts
• Joined U.N.
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-june-2021-w-non-gaap-recs_0.pdf
We are Avient.
6
B ET T E R TO G E TH E R : P O LYO NE A N D
C L A R I A N T M A S T ER BATC H
Key Financial Data (1)
2021E Sales $4.3 billion
2021E EBITDA $560 million
2021E Free Cash Flow $275 million
88% of EBITDA from specialty applications
(1) As of April 30, 2021 webcast
Synergies
($ millions)
Three-Year
Estimate
Administrative $ 20
Sourcing 30
Operational 25
Total Synergies $ 75
7
C L A R I A N T C O S T S Y N ERG I E S
• On-track to realize $45 million of expected
synergies in 2021 – up from previous estimate of
$35 million
• Relentless focus on guiding principles for
acquisition integration: safety first, employee
collaboration and exceeding customer expectations
• Future revenue synergies in excess of $50 million
by 2025 are not part of these estimates and
represent additional growth over the long term
8
• Barrier technology
• Functional additives
• Processing aids
• Flame retardants
• Light-weighting
additives
Complementary
Technologies
• Clariant’s approved
formulations and
certified facilities
• Legacy PolyOne’s
leading share in
distribution channels
Healthcare
Solutions
• Clariant’s position
in SE Asia,
Latin America,
Germany & Italy
• Legacy PolyOne’s
position in U.S.,
Canada and China
Regional
Strengths
• Solutions with Avient’s
engineered materials
customers
• Avient’s distribution
channels
Segment
Cross-selling
C O M P L E M E NTA RY T E C H N O LOG I E S A N D
C U S TO M ER S D R I V E R E V E N U E S Y N E RG I E S
Revenue synergy opportunities in excess of $50MM by 2025
The complementary aspects of our combined businesses are unquestionable.
Clariant Masterbatch
performance will be included in this year’s report.
2021 Sustainalytics ESG Risk Ranking
Newsweek Most Responsible Companies
2016 2017 2018 2019 2020PF
VOC Reduction Reduced Energy Use Bio-derived Content
Eco-conscious Renewable Energy Applications Recyclability
Reduced Material Requirements Lightweighting
$275M
$325M
$355M
$410M
$560M
9 (1) Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)(2) 2020 is Pro forma to include full year of the Clariant Masterbatch business
(2)
Revenue from Sustainable Solutions 2016 – 2020
(1)
S U S TA I NA B I L I T Y F O R A B ET T E R TO M O R ROW
10
• Revenue from sustainable solutions expected to grow 11% in
2021 as our innovation efforts and collaboration with customers
continues to accelerate
• Relentless focus on delivering our 2030 sustainability targets to
benefit the planet and people of the world while adding value to
our customers, communities, associates and shareholders
• Investments centered around innovation and global sustainability
megatrends
o Improving Recyclability – Technologies that allow for increased use
of post-consumer recycled (PCR) material
o Light-weighting – Composites and CAI applications to reduce weight
and material requirements, which minimize energy and carbon
emissions
o Eco-Conscious – Health and human safety applications as well as
Avient’s alternative materials to replace lead, PVC, halogens, BPA
and other less eco-friendly options
o Avient CycleWorks – New innovation center dedicated to advancing
recycling and the circular economy through collaboration with
customers and brand owners
Enable 100% of products manufactured for
packaging applications to be recyclable or
reusable.