Use of Non-GAAP Measures This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures. The non-GAAP financial measures include: adjusted EPS, adjusted operating income, free cash flow and adjusted EBITDA. D is t. ) LB Median: 5%Median: 3% Avient reflects 2021 estimated revenue of $4,100M and excludes one-time synergy capture CAPEX ($20M) Avient Specialty Other Free Cash Flow Conversion (1) 2021E (%) Being asset light helps us to generate strong free cash flow that is in line with specialty formulators.

POLYONE CORPORATION 3 Use of Non-GAAP Measures  This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures. 1) Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; the effect of changes in accounting principles or other such laws or provisions affecting reported results and tax adjustments. IR Presentation - Q4 2016v13 PolyOne Investor �Presentation�March 2017 Forward-Looking Statements Use of Non-GAAP Measures What We Do At a Glance Returning Cash to Shareholders Slide Number 7 Proof of Performance & 2020 Platinum Vision Ours is Not a Cost Cutting Story Innovation Drives Earnings Growth Primary Industries Served Slide Number 12 Slide Number 13 Slide Number 14 Slide Number 15 Free Cash Flow and Strong Balance Sheet �Fund Investment / Shareholder Return Why Invest In PolyOne?

Accounts receivable, net Accounts payable Increase in accounts receivable

Accounts receivable, net Accounts payable Increase in accounts payable

Accounts receivable, net Accounts payable Increase in accounts receivable

The term of a Free-Standing Appreciation Right may not extend more than ten years froff m the date of grant. The accounting value of each award is determined using the grant date of the award. Accounting Considerations.

The Acquisition was on a debt-free basis. The risk-free rate of return was based on available yields on U.S. The risk- free rate of return was based on available yields on U.S.

Before you formulate a plan for utilizing color, try starting with these two steps: Devise a color plan that takes all aspects of the vehicle into account. 

Watch our free on-demand webinar to gain a better understanding of the chemical resistance challenges and the polymer materials that can help your next-generation designs overcome them.

Watch our free on-demand webinar to learn more about market dynamics, as well as the chemical resistance and eco-conscious benefits of this semi-crystalline engineering resin.