https://www.avient.com/sites/default/files/2022-07/Avient 2021 Sustainability Report 7-26-22.pdf
We have the material
experience in a broad range of energy applications including solar power, wind power, battery and fuel cells to help
customers deliver value and innovation.
Wind power is another reliable alternative energy
application.
Calculate color corrections to meet a target color
3.
https://www.avient.com/news/avient-launches-new-bio-filled-polymer-grades-fakuma-2021
The new bio-filled polymer from Avient has enabled us to reduce the carbon footprint of a range of our products by reducing the consumption of petroleum-based polymers.
Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility
https://www.avient.com/news/avient-introduces-new-water-based-digital-hybrid-printing-solution-accelerated-cure-time
This efficiency not only allows for reduced energy consumption during printing but also enhances overall throughput, giving printers even more versatility in achieving their screen printing sustainability goals.”
Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility
https://www.avient.com/news/avient-shares-customer-success-healthcare-high-temperature-pre-colored-solutions-k-2022
However, medical devices and instruments are frequently exposed to harsh temperatures and chemicals for cleaning and disinfecting, which can diminish safety and color.
By color-coding its orthopedic devices, the customer was able to help medical professionals more easily determine which size of prosthesis would fit best for a patient.
Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility
https://www.avient.com/news/avient-announces-expansion-neusoft-tpu-manufacturing-china-medtec-china-2024-enhancing-service-apac-customers
In addition, the material can be overmolded on various substrates such as TPU and Nylon to allow for the creation of complex medical devices.
Avient's Suzhou facility operates under ISO 13485 quality management system certification, complying with the leading standards in medical device manufacturing.
Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility
https://www.avient.com/sites/default/files/resources/Innovation_Day_-_May_2014_0.pdf
The non-GAAP financial measures
include: adjusted EPS, earnings before interest, tax, depreciation and amortization
(EBITDA), adjusted EBITDA, net debt, Specialty platform operating income, Specialty
platform gross margin percentage, adjusted operating income, return on invested
capital, net debt/ EBITDA, and the exclusion of corporate charges in certain
calculations.
Patricia Hubbard
Director
Global Technology
NEU™ View
Medical Devices &
Catheters
5) Sustainable Solutions
Michael A.
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
Building &
17%
Electrical &
8%
19%
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
43%
33%
11.6%
PolyOne Corporation Page 55
Building &
Electrical &
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
44%
37%
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
96%
1%
Building &
32%
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
81%
1%
9-12%
Target
2013 Revenue by Industry Segment
8%
Building &
4% Electrical &
1%Industrial
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
Building &
Electrical &
24%
23%
6.1%
http://www.avient.com/Pages/VariationRoot.aspx
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Morgan%2520Stanley%2520Global%2520Chemicals%2520and%2520Agriculture%2520Conference%2520-%252011%253A15%253A2016.pdf
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
Strong and proven management team driving growth
and performance
21 POLYONE CORPORATION
Segment Highlights
POLYONE CORPORATION 22
2015 Revenue: $0.8 Billion
At a Glance: Color, Additives & Inks
Key Applications
2015 Revenue by Industry Expanding Profits
1.7%
4.6% 5.1% 5.5%
7.2% 8.1%
9.7%
12.2%
14.7%
16.7% 17.0%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
YTD
2020
Operating Income % of Sales
Platinum
Vision
United
States
48%
Europe
33%
Asia
12% Latin
America
5%
Canada
2%
Packaging
31%
Industrial
13%
B & C
11%
W & C
11%
Transportation
9%
Consumer
8%
Textiles
8%
Healtchare
6%
Appliances
2%
E & E
1%
POLYONE CORPORATION 23
2015 Revenue: $0.5 Billion
At a Glance: Specialty Engineered Materials
2015 Revenue by Industry Expanding Profits
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6% 9.3%
12.1%
14.7% 15.2%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
YTD
2020
Operating Income % of Sales
Platinum
Vision
Consumer
20% Transportation
19%
E & E
16%
W & C
15%
Healthcare
11% Industrial
8%
Packaging
5%
Appliances
3%
B & C
3%
United
States
49%
Europe
29%
Asia
20%
Canada
2%
Key Applications
POLYONE CORPORATION 24
2015 Revenue: $0.5 Billion
At a Glance: Designed Structures & Solutions
2015 Revenue by Industry Expanding Profits
1.4%
5.6%
7.3%
3.0%
8-10%
0.3%
2012 2013 2014 2015 2016 YTD 2020
Operating Income % of Sales
Platinum
Vision
Transportation
33%
Industrial
24%
Packaging
19%
B & C
9%
Healthcare
7%
Consumer
5%
Appliances
3%
United
States
97%
Canada
3%
Key Applications
http://www.google.com/url?
Adjusted EPS is calculated as follows:
Adjusted EPS 2006Y* 2007Y* 2008Y* 2009Y* 2010Y 2011Y 2012Y 2013Y 2014Y 2015Y
Net income (loss) attributable to PolyOne common
shareholders $ 130.9 $ 40.9 $ (417.0) $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6
Joint venture equity earnings, after tax (68.5) (26.1) (20.8) (19.0) (14.7) (3.7) — — — —
Special items, after tax(1) (51.2) 10.7 457.2 (75.9) (72.5) (72.8) 36.2 32.6 90.5 28.9
Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5
Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3 89.8 96.5 93.5 88.7
Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96
Adjusted EPS Q1 2009* Q2 2009* Q3 2009* Q4 2009* Q1 2010 Q2 2010 Q3 2010 Q4 2010
Net income attributable to PolyOne common shareholders $ 3.3 $ 1.3 $ 51.3 $ 50.8 $ 20.1 $ 44.7 $ 0.1 $ 87.6
Joint venture equity earnings, after tax (8.2) (5.8) (3.0) (2.0) (0.5) (4.5) (6.2) (3.5)
Special items, after tax(1) (10.2) 9.2 (36.9) (38.0) (3.8) (22.1) 25.4 (72.0)
Adjusted net (loss) income $ (15.1) $ 4.7 $ 11.4 $ 10.8 $ 15.8 $ 18.1 $ 19.3 $ 12.1
Diluted shares 92.2 93.5 93.9 94.4 95.3 96.3 96.3 97.4
Adjusted EPS $ (0.16) $ 0.05 $ 0.12 $ 0.11 $ 0.17 $ 0.19 $ 0.20 $ 0.12
Adjusted EPS Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012
Net income attributable to PolyOne common shareholders $ 106.0 $ 23.1 $ 16.0 $ 8.3 $ 15.3 $ 18.4 $ 19.4 $ 0.2
Joint venture equity earnings, after tax (3.7) - - - - - - -
Special items, after tax(1) (81.3) 1.3 2.8 4.4 6.2 8.9 5.4 15.7
Adjusted net income $ 21.0 $ 24.4 $ 18.8 $ 12.7 $ 21.5 $ 27.3 $ 24.8 $ 15.9
Diluted shares 96.4 95.5 94.0 91.9 90.7 90.7 90.2 90.5
Adjusted EPS $ 0.22 $ 0.26 $ 0.20 $ 0.14 $ 0.24 $ 0.30 $ 0.28 $ 0.18
2
Adjusted EPS Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014
Net income (loss) attributable to PolyOne common
shareholders $ 11.2 $ 38.6 $ 23.2 $ 21.0 $ 29.4 $ 30.9 $ 32.3 $ (14.6)
Special items, after tax(1) 17.7 (2.0) 12.3 4.6 12.5 17.4 13.1 47.5
Adjusted net income $ 28.9 $ 36.6 $ 35.5 $ 25.6 $ 41.9 $ 48.3 $ 45.4 $ 32.9
Diluted shares 92.8 99.1 98.1 97.2 95.7 94.3 93.1 91.3
Adjusted EPS $ 0.31 $ 0.37 $ 0.36 $ 0.26 $ 0.44 $ 0.51 $ 0.49 $ 0.36
Adjusted EPS Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016
Net income attributable to PolyOne common shareholders $ 30.2 $ 66.8 $ 44.5 $ 3.1 $ 39.1 $ 50.0 $ 42.3
Special items, after tax(1) 11.4 (15.9) 3.0 30.4 9.1 3.2 4.7
Adjusted net income $ 41.6 $ 50.9 $ 47.5 $ 33.5 $ 48.2 $ 53.2 $ 47.0
Diluted shares 90.1 89.8 88.4 86.6 85.5 84.7 84.5
Adjusted EPS $ 0.46 $ 0.57 $ 0.54 $ 0.39 $ 0.56 $ 0.63 $ 0.56
Adjusted operating margin is calculated as follows:
Adjusted operating margin Q1 2009* Q2 2009* Q3 2009* Q4 2009* YTD 2009* Q1 2010 Q2 2010 Q3 2010 Q4 2010 YTD 2010
Operating Income $ 9.9 $ 17.1 $ 57.9 $ 52.2 $ 137.1 $ 32.3 $ 58.6 $ 42.0 $ 26.3 $ 159.2
Special items (1) (1.3) 4.6 (27.5) (24.5) (48.7) - (14.5) 5.5 4.2 (4.8)
Joint venture equity earnings (12.8) (9.0) (4.8) (3.1) (29.7) (0.8) (7.1) (9.7) (5.5) (23.1)
Adjusted operating (loss) income $ (4.2) $ 12.7 $ 25.6 $ 24.6 $ 58.7 $ 31.5 $ 37.0 $ 37.8 $ 25.0 $ 131.3
Sales $ 463.4 $ 496.5 $ 548.3 $ 552.5 $ 2,060.7 $ 604.0 $ 666.2 $ 650.7 $ 585.3 $ 2,506.2
Operating Margin (0.9)% 2.6% 4.7% 4.5% 2.8% 5.2% 5.6% 5.8% 4.3% 5.2%
Adjusted operating margin Q1 2011 Q2 2011 Q3 2011 Q4 2011 YTD 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 YTD 2012
Operating income (loss) $ 173.4 $ 42.4 $ 33.4 $ (46.2) $ 203.0 $ 37.4 $ 43.3 $ 43.5 $ 13.3 $ 137.5
Special items (1) (127.2) 2.7 4.9 72.9 (46.7) 8.5 11.8 8.3 25.3 53.9
Joint venture equity earnings (5.7) - - - (5.7) - - - - -
Adjusted operating income $ 40.5 $ 45.1 $ 38.3 $ 26.7 $ 150.6 $ 45.9 $ 55.1 $ 51.8 $ 38.6 $ 191.4
Sales $ 682.8 $ 723.4 $ 694.0 $ 609.2 $ 2,709.4 $ 745.5 $ 756.6 $ 707.7 $ 651.0 $ 2,860.8
Operating Margin 5.9% 6.2% 5.5% 4.4% 5.6% 6.2% 7.3% 7.3% 5.9% 6.7%
3
Adjusted operating margin Q1 2013 Q2 2013 Q3 2013 Q4 2013 YTD 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 YTD 2014
Operating income (loss) $ 40.5 $ 80.7 $ 61.6 $ 48.7 $ 231.5 $ 56.4 $ 49.4 $ 63.6 $ (14.3) $ 155.1
Special items (1) 16.6 (5.2) 10.8 7.8 30.0 22.9 39.8 22.0 80.2 164.9
Adjusted operating income $ 57.1 $ 75.5 $ 72.4 $ 56.5 $ 261.5 $ 79.3 $ 89.2 $ 85.6 $ 65.9 $ 320.0
Sales $ 801.1 $ 1,037.6 $ 1,008.9 $ 923.6 $ 3,771.2 $ 1,002.3 $ 1,005.5 $ 958.4 $ 869.3 $ 3,835.5
Operating Margin 7.1% 7.3% 7.2% 6.1% 6.9% 7.9% 8.9% 8.9% 7.6% 8.3%
Adjusted operating margin Q1 2015 Q2 2015 Q3 2015 Q4 2015 YTD 2015 Q1 2016 Q2 2016 Q3 2016
Operating income $ 70.1 $ 80.3 $ 69.2 $ 31.3 $ 250.9 $ 71.3 $ 81.5 $ 71.2
Special items (1) 9.3 11.9 18.7 31.4 71.3 13.8 10.4 12.0
Adjusted operating income $ 79.4 $ 92.2 $ 87.9 $ 62.7 $ 322.2 $ 85.1 $ 91.9 $ 83.2
Sales $ 873.1 $ 887.1 $ 841.6 $ 775.8 $ 3,377.6 $ 847.0 $ 861.5 $ 843.6
Operating Margin 9.1% 10.4% 10.4% 8.1% 9.5% 10.0% 10.7% 9.9%
Specialty platform percentage of operating income is calculated as follows:
Platform operating income mix percentage 2006Y* Q3 2016 YTD
Color, Additives and Inks $ 8.9 $ 104.5
Specialty Engineered Materials 3.9 65.3
Designed Structures and Solutions — 0.9
Specialty Platform $ 12.8 $ 170.7
Performance Products and Solutions 64.2 59.0
Distribution 19.2 53.5
Joint ventures 102.9 —
Corporate and eliminations 34.5 (59.2)
Operating income GAAP $ 233.6 $ 224.0
Less: Specials (1) (34.5) 59.2
Operating income excluding Specials $ 199.1 $ 283.2
Joint ventures equity income (107.0) —
Adjusted Operating income $ 92.1 $ 283.2
Specialty platform percentage of operating income excluding Specials 6% 60%
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principal, discontinued operations or the related resegmentation
Segment Highlights
At a Glance: Color, Additives & Inks
At a Glance: Specialty Engineered Materials
At a Glance: Designed Structures & Solutions
At a Glance: Performance Products & Solutions
At a Glance: Distribution
Application Examples
Luxury Packaging�with Gravitech Density Modified Polymers
Medical Device Housings�with Chemically Resistant Engineered Polymers
Printed Circuit Boards�with Thermally Conductive Polymers
Color & Design Services
Outdoor Applications
Fiber Colorants�Solutions for clothing, apparel, footwear, automotive & sporting goods
Slide Number 34
Metal Replacement Solutions
High-Barrier Packaging Containers
Investor Presentation - November 2016 r4 (2).pdf
Investor Presentation - November 2016
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520RW%2520Baird%2520Global%2520Industrial%2520Conference%2520-%252011%253A8%253A2016.pdf
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
Strong and proven management team driving growth
and performance
21 POLYONE CORPORATION
Segment Highlights
POLYONE CORPORATION 22
2015 Revenue: $0.8 Billion
At a Glance: Color, Additives & Inks
Key Applications
2015 Revenue by Industry Expanding Profits
1.7%
4.6% 5.1% 5.5%
7.2% 8.1%
9.7%
12.2%
14.7%
16.7% 17.0%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
YTD
2020
Operating Income % of Sales
Platinum
Vision
United
States
48%
Europe
33%
Asia
12% Latin
America
5%
Canada
2%
Packaging
31%
Industrial
13%
B & C
11%
W & C
11%
Transportation
9%
Consumer
8%
Textiles
8%
Healtchare
6%
Appliances
2%
E & E
1%
POLYONE CORPORATION 23
2015 Revenue: $0.5 Billion
At a Glance: Specialty Engineered Materials
2015 Revenue by Industry Expanding Profits
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6% 9.3%
12.1%
14.7% 15.2%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
YTD
2020
Operating Income % of Sales
Platinum
Vision
Consumer
20% Transportation
19%
E & E
16%
W & C
15%
Healthcare
11% Industrial
8%
Packaging
5%
Appliances
3%
B & C
3%
United
States
49%
Europe
29%
Asia
20%
Canada
2%
Key Applications
POLYONE CORPORATION 24
2015 Revenue: $0.5 Billion
At a Glance: Designed Structures & Solutions
2015 Revenue by Industry Expanding Profits
1.4%
5.6%
7.3%
3.0%
8-10%
0.3%
2012 2013 2014 2015 2016 YTD 2020
Operating Income % of Sales
Platinum
Vision
Transportation
33%
Industrial
24%
Packaging
19%
B & C
9%
Healthcare
7%
Consumer
5%
Appliances
3%
United
States
97%
Canada
3%
Key Applications
http://www.google.com/url?
Adjusted EPS is calculated as follows:
Adjusted EPS 2006Y* 2007Y* 2008Y* 2009Y* 2010Y 2011Y 2012Y 2013Y 2014Y 2015Y
Net income (loss) attributable to PolyOne common
shareholders $ 130.9 $ 40.9 $ (417.0) $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6
Joint venture equity earnings, after tax (68.5) (26.1) (20.8) (19.0) (14.7) (3.7) — — — —
Special items, after tax(1) (51.2) 10.7 457.2 (75.9) (72.5) (72.8) 36.2 32.6 90.5 28.9
Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5
Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3 89.8 96.5 93.5 88.7
Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96
Adjusted EPS Q1 2009* Q2 2009* Q3 2009* Q4 2009* Q1 2010 Q2 2010 Q3 2010 Q4 2010
Net income attributable to PolyOne common shareholders $ 3.3 $ 1.3 $ 51.3 $ 50.8 $ 20.1 $ 44.7 $ 0.1 $ 87.6
Joint venture equity earnings, after tax (8.2) (5.8) (3.0) (2.0) (0.5) (4.5) (6.2) (3.5)
Special items, after tax(1) (10.2) 9.2 (36.9) (38.0) (3.8) (22.1) 25.4 (72.0)
Adjusted net (loss) income $ (15.1) $ 4.7 $ 11.4 $ 10.8 $ 15.8 $ 18.1 $ 19.3 $ 12.1
Diluted shares 92.2 93.5 93.9 94.4 95.3 96.3 96.3 97.4
Adjusted EPS $ (0.16) $ 0.05 $ 0.12 $ 0.11 $ 0.17 $ 0.19 $ 0.20 $ 0.12
Adjusted EPS Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012
Net income attributable to PolyOne common shareholders $ 106.0 $ 23.1 $ 16.0 $ 8.3 $ 15.3 $ 18.4 $ 19.4 $ 0.2
Joint venture equity earnings, after tax (3.7) - - - - - - -
Special items, after tax(1) (81.3) 1.3 2.8 4.4 6.2 8.9 5.4 15.7
Adjusted net income $ 21.0 $ 24.4 $ 18.8 $ 12.7 $ 21.5 $ 27.3 $ 24.8 $ 15.9
Diluted shares 96.4 95.5 94.0 91.9 90.7 90.7 90.2 90.5
Adjusted EPS $ 0.22 $ 0.26 $ 0.20 $ 0.14 $ 0.24 $ 0.30 $ 0.28 $ 0.18
2
Adjusted EPS Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014
Net income (loss) attributable to PolyOne common
shareholders $ 11.2 $ 38.6 $ 23.2 $ 21.0 $ 29.4 $ 30.9 $ 32.3 $ (14.6)
Special items, after tax(1) 17.7 (2.0) 12.3 4.6 12.5 17.4 13.1 47.5
Adjusted net income $ 28.9 $ 36.6 $ 35.5 $ 25.6 $ 41.9 $ 48.3 $ 45.4 $ 32.9
Diluted shares 92.8 99.1 98.1 97.2 95.7 94.3 93.1 91.3
Adjusted EPS $ 0.31 $ 0.37 $ 0.36 $ 0.26 $ 0.44 $ 0.51 $ 0.49 $ 0.36
Adjusted EPS Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016
Net income attributable to PolyOne common shareholders $ 30.2 $ 66.8 $ 44.5 $ 3.1 $ 39.1 $ 50.0 $ 42.3
Special items, after tax(1) 11.4 (15.9) 3.0 30.4 9.1 3.2 4.7
Adjusted net income $ 41.6 $ 50.9 $ 47.5 $ 33.5 $ 48.2 $ 53.2 $ 47.0
Diluted shares 90.1 89.8 88.4 86.6 85.5 84.7 84.5
Adjusted EPS $ 0.46 $ 0.57 $ 0.54 $ 0.39 $ 0.56 $ 0.63 $ 0.56
Adjusted operating margin is calculated as follows:
Adjusted operating margin Q1 2009* Q2 2009* Q3 2009* Q4 2009* YTD 2009* Q1 2010 Q2 2010 Q3 2010 Q4 2010 YTD 2010
Operating Income $ 9.9 $ 17.1 $ 57.9 $ 52.2 $ 137.1 $ 32.3 $ 58.6 $ 42.0 $ 26.3 $ 159.2
Special items (1) (1.3) 4.6 (27.5) (24.5) (48.7) - (14.5) 5.5 4.2 (4.8)
Joint venture equity earnings (12.8) (9.0) (4.8) (3.1) (29.7) (0.8) (7.1) (9.7) (5.5) (23.1)
Adjusted operating (loss) income $ (4.2) $ 12.7 $ 25.6 $ 24.6 $ 58.7 $ 31.5 $ 37.0 $ 37.8 $ 25.0 $ 131.3
Sales $ 463.4 $ 496.5 $ 548.3 $ 552.5 $ 2,060.7 $ 604.0 $ 666.2 $ 650.7 $ 585.3 $ 2,506.2
Operating Margin (0.9)% 2.6% 4.7% 4.5% 2.8% 5.2% 5.6% 5.8% 4.3% 5.2%
Adjusted operating margin Q1 2011 Q2 2011 Q3 2011 Q4 2011 YTD 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 YTD 2012
Operating income (loss) $ 173.4 $ 42.4 $ 33.4 $ (46.2) $ 203.0 $ 37.4 $ 43.3 $ 43.5 $ 13.3 $ 137.5
Special items (1) (127.2) 2.7 4.9 72.9 (46.7) 8.5 11.8 8.3 25.3 53.9
Joint venture equity earnings (5.7) - - - (5.7) - - - - -
Adjusted operating income $ 40.5 $ 45.1 $ 38.3 $ 26.7 $ 150.6 $ 45.9 $ 55.1 $ 51.8 $ 38.6 $ 191.4
Sales $ 682.8 $ 723.4 $ 694.0 $ 609.2 $ 2,709.4 $ 745.5 $ 756.6 $ 707.7 $ 651.0 $ 2,860.8
Operating Margin 5.9% 6.2% 5.5% 4.4% 5.6% 6.2% 7.3% 7.3% 5.9% 6.7%
3
Adjusted operating margin Q1 2013 Q2 2013 Q3 2013 Q4 2013 YTD 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 YTD 2014
Operating income (loss) $ 40.5 $ 80.7 $ 61.6 $ 48.7 $ 231.5 $ 56.4 $ 49.4 $ 63.6 $ (14.3) $ 155.1
Special items (1) 16.6 (5.2) 10.8 7.8 30.0 22.9 39.8 22.0 80.2 164.9
Adjusted operating income $ 57.1 $ 75.5 $ 72.4 $ 56.5 $ 261.5 $ 79.3 $ 89.2 $ 85.6 $ 65.9 $ 320.0
Sales $ 801.1 $ 1,037.6 $ 1,008.9 $ 923.6 $ 3,771.2 $ 1,002.3 $ 1,005.5 $ 958.4 $ 869.3 $ 3,835.5
Operating Margin 7.1% 7.3% 7.2% 6.1% 6.9% 7.9% 8.9% 8.9% 7.6% 8.3%
Adjusted operating margin Q1 2015 Q2 2015 Q3 2015 Q4 2015 YTD 2015 Q1 2016 Q2 2016 Q3 2016
Operating income $ 70.1 $ 80.3 $ 69.2 $ 31.3 $ 250.9 $ 71.3 $ 81.5 $ 71.2
Special items (1) 9.3 11.9 18.7 31.4 71.3 13.8 10.4 12.0
Adjusted operating income $ 79.4 $ 92.2 $ 87.9 $ 62.7 $ 322.2 $ 85.1 $ 91.9 $ 83.2
Sales $ 873.1 $ 887.1 $ 841.6 $ 775.8 $ 3,377.6 $ 847.0 $ 861.5 $ 843.6
Operating Margin 9.1% 10.4% 10.4% 8.1% 9.5% 10.0% 10.7% 9.9%
Specialty platform percentage of operating income is calculated as follows:
Platform operating income mix percentage 2006Y* Q3 2016 YTD
Color, Additives and Inks $ 8.9 $ 104.5
Specialty Engineered Materials 3.9 65.3
Designed Structures and Solutions — 0.9
Specialty Platform $ 12.8 $ 170.7
Performance Products and Solutions 64.2 59.0
Distribution 19.2 53.5
Joint ventures 102.9 —
Corporate and eliminations 34.5 (59.2)
Operating income GAAP $ 233.6 $ 224.0
Less: Specials (1) (34.5) 59.2
Operating income excluding Specials $ 199.1 $ 283.2
Joint ventures equity income (107.0) —
Adjusted Operating income $ 92.1 $ 283.2
Specialty platform percentage of operating income excluding Specials 6% 60%
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principal, discontinued operations or the related resegmentation
Segment Highlights
At a Glance: Color, Additives & Inks
At a Glance: Specialty Engineered Materials
At a Glance: Designed Structures & Solutions
At a Glance: Performance Products & Solutions
At a Glance: Distribution
Application Examples
Luxury Packaging�with Gravitech Density Modified Polymers
Medical Device Housings�with Chemically Resistant Engineered Polymers
Printed Circuit Boards�with Thermally Conductive Polymers
Color & Design Services
Outdoor Applications
Fiber Colorants�Solutions for clothing, apparel, footwear, automotive & sporting goods
Slide Number 34
Metal Replacement Solutions
High-Barrier Packaging Containers
https://www.avient.com/knowledge-base/article/chemically-resistant-polymers-next-generation-devices?ind[]=6596
Home //
Chemically Resistant Polymers for Next-Generation Devices
Whether it’s high-use consumer goods or healthcare devices, you need to find materials that can resist degrading when they come into contact with common cleaners and disinfectants.
https://www.avient.com/knowledge-base/article/chemically-resistant-polymers-next-generation-devices?ind[]=6598
Home //
Chemically Resistant Polymers for Next-Generation Devices
Whether it’s high-use consumer goods or healthcare devices, you need to find materials that can resist degrading when they come into contact with common cleaners and disinfectants.