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Earth Day Photo Contest
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https://www.avient.com/news/polyone-celebrates-opening-new-asia-innovation-center
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PolyOne Celebrates Opening of New Asia Innovation Center
SHANGHAI – PolyOne Corporation (NYSE: POL), a premier provider of specialized polymer materials, services and solutions, today celebrated the grand opening of its new Asia Innovation Center in Shanghai, China.
https://www.avient.com/news/avient-and-ivcc-accelerate-formulation-development-long-lasting-insecticidal-nets-malaria-control
Established in 2005 through a Bill & Melinda Gates Foundation grant, IVCC works with industry, funding partners and researchers to develop new public health insecticides for use in LLINs, indoor residual spraying (IRS), and other vector control tools.
We are extremely grateful to all our funding partners who have helped us achieve this important milestone.”
IVCC is funded by the Bill & Melinda Gates Foundation, UKaid, USAID, Unitaid, The Swiss Agency for Development and Cooperation (SDC), The Global Fund and Australia Aid.
https://www.avient.com/news/pet-friendly-soft-touch-design-delivers-remarkable-fundraising-dog-toy
Sales of the WO|Bone are funding nutritious school lunches for Ethiopian orphans.
Thanks to robust online and retail sales, WO Design has been able to fund 1,000 school lunches in the first three months of its program.
We look forward to continuing our collaboration with PolyOne as we consider adding new toys, with the goal of funding 20,000 lunches.”
https://www.avient.com/sites/default/files/resources/PolyOne%2520India%2520Terms%2520and%2520Conditions%2520of%2520Sale%2520of%2520Products.May%25202016.pdf
Buyer will make all payments hereunder in cash or in
negotiable paper collectible at face value in the funds and at the location
indicated on Seller’s invoice; late payments will bear interest at 1.5%/month.
If the parties cannot agree upon and implement such changes within
sixty (60) days after such notice, Seller shall thereupon have a right to
terminate this contract forthwith by written notice to Buyer.
6.
When a force majeure ends,
performance shall resume, but such delay shall not, except by mutual
agreement, operate to extend the term of this contract or obligate the Seller to
make up deliveries or Buyer to purchase quantities so missed.
https://www.avient.com/news/archives?page=62
PolyOne Celebrates Opening of New Asia Innovation Center
SHANGHAI – PolyOne Corporation (NYSE: POL), a premier provider of specialized polymer materials, services and solutions, today celebrated the grand
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_6.pdf
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mutually beneficial partnerships.
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Earth Day Photo Contest
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https://www.avient.com/sites/default/files/resources/Innovation_Day_-_May_2014_0.pdf
Slide 1
PolyOne Corporation Page 1
PolyOne Innovation Day
InterContinental Hotel
New York, New York
May 29, 2014
PolyOne Corporation Page 2
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995.
S&P 500
All time high of
$39.55
May 13th, 2014
PolyOne Corporation Page 12
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* 5.0% 9.4% 15%
4) Adjusted EPS Growth N/A 42%
Double Digit
Expansion
Proof of Performance & 2015 Goals
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
PolyOne Corporation Page 13
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
PolyOne Corporation Page 14
Financial Highlights
Bradley C.
Richardson
Executive Vice President, Chief Financial Officer
PolyOne Corporation Page 15
Track Record of Accelerated Growth
Total Revenue Adjusted EPS Adjusted EBITDA
$2,061
$2,506
$2,709
$2,861
$3,771
2009 2010 2011 2012 2013
($ in millions, except EPS )
$105
$179
$202
$255
$344
2009 2010 2011 2012 2013
$0.13
$0.68
$0.82
$1.00
$1.31
2009 2010 2011 2012 2013
PolyOne Corporation Page 16
$0.31
$0.44
$0.20
$0.30
$0.40
Q1 2013 Q1 2014
Adjusted EPS
$42
$60
$20
$40
$60
Q1 2013 Q1 2014
Specialty Operating Income
($ millions)
Q1 2014 Financial Highlights
Growth momentum accelerates
driven by specialty platform
Specialty segments and
Distribution achieve record results
All segments increase operating
income compared to prior year
Revenue grew 25% versus
Q1 2013
+43%
+42%
$57
$79
$30
$60
$90
Q1 2013 Q1 2014
Adjusted Operating Income
($ millions)
+39%
PolyOne Corporation Page 17
Commitment to Operational Excellence
81%
96%
2006 2013
16.2%
10.9%
2006 2013
On-Time Delivery
Working Capital % of Sales
5.0%
31.0%
2006 2013
Percent of Associates Trained in LSS
Three consecutive years – CFO Magazine
Best Working Capital Management
Program in the chemical industry
World’s Best Business
Process Excellence
Program in 2012*
95 certified Black Belts
211 certified Green Belts
422 Project Leaders
World’s Best “Start-up
Program” for Lean Six Sigma
Deployment in 2009*
*Both awards received from International Quality and Productivity Center
PolyOne Corporation Page 18
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%
*TTM 12/31/2013
** includes US-qualified pension plans only
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of March 31, 2014
PolyOne Corporation Page 19
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
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
Investing in operational and
LSS initiatives (including
synergy capture)
Manufacturing alignment
PolyOne Corporation Page 20
3.07 3.05
1.81
1.45
1.82
1.54
0.85
3.15
1.17
1.69
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
0.91
PolyOne
Valuation Aspirations
PEG Ratio Comparison
Represents $38 of
share price upside
Avg = 1.96
PolyOne Corporation Page 21
Innovating for the Future
Dr.
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Buyer shall make all payments hereunder in
cash or cash equivalent at face value in the funds, within the time,
and at the location indicated on Seller’s invoice.
Unless Seller and Buyer have expressly agreed to a firm
delivery date term in a single writing signed by both parties, delay
in delivery of any Products shall not relieve Buyer of its obligation
to accept delivery thereof.
Buyer must
notify Seller of such acquisition within 10 (ten) days thereof.