https://www.avient.com/sites/default/files/resources/PolyOne%25202011%2520Annual%2520Report.pdf
We may also seek to repurchase our outstanding
equity securities.
The obligations of PolyOne and certain of its U.S. subsidiaries under the senior
secured revolving credit facility are secured on a first priority basis by U.S.
Fixed income funds invest primarily in
investment grade fixed income securities.
https://www.avient.com/sites/default/files/2023-03/Surround - Respiratory Product Case - Application Snapshot.pdf
INDUSTRIAL SAFETY
OEM
B A T T E R Y P A C K H O U S I N G
• Static dissipation with dependable performance to protect
users from electrical shock
• Chemical resistance to withstand industrial cleaning
protocols
• Colorable material to differentiate models
• Achieve target shrink rates
• Injection moldable for high-volume production
• Provided a custom concentrate material for
flexibility in tailoring static dissipation performance
• Offered on-site technical support to ensure proper
blending and consistent end-application
performance
• Secured a long-term consistency in specialty raw
material supply
Surround™ Long Stainless Steel Fiber
Reinforced Polycarbonate
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2020-03/PolyOne_Website-12.19.pdf
Investor Day
CLARIANT MASTERBATCH ACQUISITION DRIVES
NEXT LEVEL SPECIALTY TRANSFORMATION
December 2019
ACCELERATING GROWTH WITH
SUSTAINABLE SOLUTIONS
FORWARD-LOOKING STATEMENTS
PolyOne Corporation 2
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.
You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the
Securities and Exchange Commission.
Sources
Cash from Balance Sheet $465
New Senior Unsecured Notes 650
New Equity 450
Total Sources $1,565
Uses
Clariant Masterbatch $1,500
Clariant India Masterbatch 60
Less: Lease Adjustment (113)
Net Purchase Price $1,447
Net Cash Acquired 57
Fees, Expenses & OID 61
Total Uses $1,565
($ Millions)
Cash and Cash Equivalents $370
$450M Senior Secured ABL Revolver -
Senior Secured Term Loan B due 2026 624
Other Debt 25
Total Senior Secured Debt $649
5.25% Senior Unsecured Notes due 2023 $600
New Senior Unsecured Notes 650
Total Senior Debt $1,899
Net Debt $1,529
New Equity $450
Pro Forma Capitalization (1)
PF 12/31/2019
$450
$600 $624
$743
2019 2020 2021 2022 2023 2024 2025 2026
A T T R A C T I V E F I N A N C I N G S T R U C T U R E
Attractive Debt
Maturity Profile
Existing Revolver Existing Senior Notes Existing Term Loan B
New Debt
Summary
Terms on
New Debt
$465 million of cash from the balance sheet expected to fund a portion of the purchase price
Bridge financing for remainder fully committed from Citi, Morgan Stanley and Wells Fargo
Permanent financing expected to include a combination of long-term debt and new equity
The timing of the permanent financing is subject to a number of factors, including, but not limited
to, market conditions
PolyOne is committed to preserving a strong balance sheet
– Target net leverage at close below 3.5x, excluding synergies
Pro forma capital structure positions PolyOne with flexibility to pursue continued growth strategy
New financing expected to have same or better covenant package than existing capital structure
Capital structure would be “covenant lite”
Capital
Policy
Transaction in line with PolyOne’s disciplined capital allocation policy
Existing PolyOne dividend policy to be maintained
Focus on deleveraging in the near term
2028+
PolyOne Corporation 26
PolyOne Corporation 27
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
Landmark portfolio transformation: > 85% of Adjusted EBITDA
from specialty solutions
World-class innovation, technology and service are differentiators
Sustainability initiatives and alignment with megatrends drive
above market growth in key end markets and applications:
Capital management is a strength - proven track record of
expanding ROIC while increasing invested capital
Transaction expected to add $0.85 to pro forma adjusted EPS
PolyOne Corporation 28
PolyOne Corporation 29
https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
security.
We may
also seek to repurchase our outstanding common stock securities.
Fixed
income funds invest primarily in investment grade fixed income securities.
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
Based on the current funded status
of the plan, our pension asset investment allocation guidelines are to invest 70% to 80% in fixed income securities
and 20% to 30% in equity securities.
The U.S. equity and fixed income
common collective funds are invested in equity and investment grade fixed income securities, respectively, and
these securities are actively traded in public markets.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
ITEM 13.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
However, if any
person’s beneficial ownership of Outstanding Company Voting Securities reaches or exceeds 25% as a result of
a transaction described in (A) or (B) above, and such person subsequently acquires beneficff ial ownership of
additional voting securities of the Company, such subsequent acquisition will be treated as an acquisition that
causes such person to own 25% or more of the Outstanding Company Voting Securities.
Equity Compensation Plan Information
Number of securities to be
issued upon exercise of
outstanding options, warrants
and rights
Weighted-average exercise
price of outstanding options,
warrants and rights
Number of securities remaining
available forff future issuance
under equity ctt ompensation
plans (excluding securities
reflected in column (a))
Plan category (a) (b) (c)
Equity compensation plans
approved by security
holders 1,792,671 $25.73 1,577,686 (1)
Equity ctt ompensation plans not
approved by security
holders — — —
Total 1,792,671 $25.73 1,577,686
(1) In addition to options, warrants and rights, the Amended and Restated PolyOne Corporation 2010 Equity and Performance
Incentive Plan (the 2010 Plan) authorizes the issuance of restricted stock, RSUs, performance shares and awards to non-
employee Directors.
Prohibition on Hedging or Pledging Our Securities.
https://www.avient.com/sites/default/files/resources/Innovation%2520Day%2520-%2520May%25202014.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.
You are
advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and
Exchange Commission.
Van Hulle
Global Color Additives and Inks
Percept™ Authentication Technologies
2) Security and Safety Solutions
Julie A.
https://www.avient.com/sites/default/files/2022-05/DOC 1879.pdf
The plan covers all locations where
services are provided and covers fire, water, storm,
bomb threat, Site Security, and Information
Systems Security failure scenarios.
Yes
Are there secure storage areas to prevent
damage or malicious intervention, pending use
or delivery?
Proper precautions are taken to secure areas
Is First In, First Out (FIFO) inventory
management practiced?
https://www.avient.com/sites/default/files/2023-03/2023 Avient Bookmarked Proxy Statement - FINAL.pdf
The Company will disclose its frequency decision as required
by the Securities and Exchange Commission (the “SEC”).
Prohibition on Hedging Our Securities.
Avient’s Insider Trading Policy prohibits Directors, officers and
certain other employees of Avient from engaging in hedging or other speculative transactions with
respect to our securities, including buying or selling puts or calls, short sales, or margin purchases of our
securities.
https://www.avient.com/sites/default/files/2024-03/Aircraft Flooring Case Study Snapshot.pdf
AIRCRAFT INTERIOR
OEM
A I R C R A F T F L O O R I N G
• Meet aircraft flammability requirements (FAA)
• Provide flame retardance and smoke mitigation
• Maintain physical properties
• Control viscosity and allow enhanced processability
• Retain product integrity as contaminant free
• Provide product traceability
• Provided strong global EHS and regulatory support
to minimize risk
• Offered a solution to improve quality consistency and
control viscosity
• Enhanced mixing capability and improved
processing temperature and imprint hold
• Allowed greater security of supply with multiple
manufacturing locations
• Provided an integrated solution of plastisols and
pigment dispersions that met traceability
requirements with JIT delivery
KEY REQUIREMENTS
QUALITY + PERFORMANCE
WHY AVIENT?