https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Jefferies%2520Industrials%2520Conference%25202015.pdf
PolyOne Corporation Page 4
PolyOne Commodity to Specialty Transformation
• Volume driven,
commodity producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2014 2015 and beyond
• Steve Newlin
appointed, Chairman,
President and CEO
• New leadership team
appointed
• Implementation of four
pillar strategy
• Focus on value based
selling, investment in
commercial resources
and innovation to drive
transformation
• Substantial EPS growth
from $0.13 to all-time
high of $1.80
• Shift to faster growing,
high margin, less
cyclical end markets
• Key acquisitions propel
current and future
growth, as well as
margin expansion
• Specialty mix expands
to 65% of Operating
Income – strongest mix
of earnings in history
• Accelerating growth
• Deliver consistent
double digit annual
EPS growth
• Maintain >35% vitality
index
• Pursue strategic
acquisitions that
expand specialty
offerings and
geographic breadth
• Invest and grow
current and next
generation talent
PolyOne Corporation Page 5
Building &
10%
Electrical &
11%
9%
Distribution
28%
PP&S
52%
69%
13%
7% Asia
2014 Revenues: $3.8 Billion
End Markets
2014 Revenues: $3.8 Billion
PolyOne
At A Glance
$13
$31
$46 $46
$87 $96
$122
$195
$242
2006 2007 2008 2009 2010 2011 2012 2013 2014
Specialty Operating Income ($M)
PolyOne Corporation Page 6
Old
PolyOne
*Operating Income excludes corporate charges and special items
2%
34% 43%
62%
65% 67%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2014 YTD 2015 2020
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
80%+
Specialty OI $5M $46M $87M $195M $242M $124M
Mix Shift Highlights Specialty Transformation
Transformation
2020
Platinum
Vision
Platinum
Vision
PolyOne Corporation Page 7
Confirmation of Our Strategy
The World’s Premier Provider of Specialized
Polymer Materials, Services and Solutions
Specialization Globalization
Operational
Excellence
Commercial
Excellence
PolyOne Corporation Page 8
-100%
0%
200%
300%
400%
500%
600%
Strategy and Execution Drive Results
$0.12
$0.27
$0.21
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
'06 '07 '08 '09 '10 '11 '12 '13 '14
‘06-‘14 Adjusted EPS CAGR = 40%
Adjusted EPS Share Price vs.
Addressable market exceeds $40 billion
Strong 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
PolyOne Corporation Page 18
Appendix
PolyOne Corporation Page 19
$0.19
$0.26 $0.30
$0.37
$0.51
$0.57
$0.00
$0.25
$0.50
Q2'10 Q2'11 Q2'12 Q2'13 Q2'14 Q2'15
Adjusted EPS
Q2 2015 Financial Highlights
Global Color Additives & Inks
operating margin reaches record
level of 18.2%
Global Specialty Engineered
Materials operating margin grew 240
basis points year-over-year to 14.4%
Second quarter adjusted EPS has
grown on average 25% per year
since 2010
$13 $14
$24
$31
$38 $40
$10
$30
$50
Q2'10 Q2'11 Q2'12 Q2'13 Q2'14 Q2'15
GCAI Operating Profit
$12 $13 $13
$15
$19
$20
$10
$14
$18
$22
Q2'10 Q2'11 Q2'12 Q2'13 Q2'14 Q2'15
GSEM Operating Profit
Note: $ in millions, except per share data
PolyOne Corporation Page 20
Building &
7%
Electrical &
1%
31% Textiles
7%
12% 1.7%
4.6% 5.1% 5.5%
7.2% 8.1%
9.7%
12.2%
17.2%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 YTD
2015
2020
Operating Income % of Sales
At a Glance
Global Color, Additives and Inks
2014 Revenues: $0.9 Billion Solutions
Expanding Profits 2014 Revenue by Industry Segment
14.7%
Platinum
Vision
36%
PolyOne Corporation Page 21
4% Building &
18%
Electrical &
16%
At a Glance
Global Specialty Engineered Materials
2014 Revenues: $0.6 Billion Solutions
2014 Revenue by Industry Segment Expanding Profits
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6% 9.3%
15.3%
20%+
2006 2007 2008 2009 2010 2011 2012 2013 2014 YTD
2015
2020
Operating Income % of Sales
Platinum
Vision
12.1%
33%
19%
PolyOne Corporation Page 22
2% Building &
23%
27%
30%
96%
At a Glance
Designed Structures and Solutions
Solutions 2014 Revenues: $0.6 Billion
Expanding Profits 2014 Revenue by Industry Segment
1.4%
5.6%
7.3%
3.3%
12-14%
2012 2013 2014 YTD 2015 2020
Operating Income % of Sales
Platinum
Vision
PolyOne Corporation Page 23
Building &
33%
5% Electrical &
1%
11%
18%
16%
5.5%
6.9%
3.8% 3.6%
5.5%
4.3%
6.3%
7.2%
7.6%
2006 2007 2008 2009 2010 2011 2012 2013 2014 YTD
2015
2020
Operating Income % of Sales
At a Glance
Performance Products and Solutions
Solutions
Expanding Profits
2014 Revenues: $0.8 Billion
10-12%
Platinum
Vision
2014 Revenue by Industry Segment
7.7%
PolyOne Corporation Page 24
Building &
13%
Electrical &
23%
15%
25%
2.6%
3.0%
3.5%
4.0%
4.6%
5.6%
6.4% 5.9%
6.5% 6.5-7.5%
2006 2007 2008 2009 2010 2011 2012 2013 2014 YTD
2015
2020
Operating Income % of Sales
15%
52%
2006 Q2 2015
At a Glance
Distribution
Key Suppliers 2014 Revenues: $1.1 Billion
ROIC Expanding Profits
6.1%
Platinum
Vision
http://www.avient.com/Pages/VariationRoot.aspx
PolyOne Corporation Page 25
2 lbs Plastic
=
3 lbs aluminum
or
8 lbs steel
or
27 lbs glass
33% less material by weight
than aluminum
75% less material by weight
than steel
93% less material by weight
than glass
Requires 91% less energy to
recycle a pound of plastic versus
a pound of paper
Source: SPI: Sustainability and the Plastics Industry
Plastics: Key to Future Sustainable Development
PolyOne Corporation Page 26
Commitment to Operational Excellence
81%
93%
2006 2014
16.2%
9.9%
2006 2014
On-Time Delivery
Working Capital % of Sales
5%
43%
2006 2014
Percent of Associates Trained in LSS
Five consecutive years – CFO Magazine
Best Working Capital Management in the
chemical industry
World’s Best Business
Process Excellence
Program in 2012*
114 trained Black Belts
222 trained Green Belts
140 trained Kaizen 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 27
Application Examples
PolyOne Corporation Page 28
$1.5 billion attractive, growing market
Additives improve performance and reduce cost
through light-weighting, reduced waste, faster
cycle times, and extended shelf life of finished
product
Aligned with megatrend of protecting the
environment:
Sustainability benefits include lower
package weight and improved recyclability
of package at end of use
Market Opportunity
Leading Global Supplier of Additives In Growing PET Market
Shelf-life extension
Greater product
consistency
Recyclability and
reduced carbon
footprint
Color and Special
Effects
Weight reduction
Enhanced product
aesthetics
High heat resistance
PET Bottling Technology
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
2009 2014 2019
Asia Pacific North America
Latin America Western Europe
Eastern Europe Middle East and Africa
Global PET Packaging Growth 2009-2019
Source: Euromonitor retail off-trade consumption (PET bottles & jars, home care, personal care,
food & non-alcoholic beverages)
B
ill
io
n
un
its
5% CAGR
PolyOne Corporation Page 29
• Includes formulation and
consultative services to assist
manufacturers and brand owners in
positively identifying their finished
goods
• Protects brand equity & consumer
welfare
• Reduces exposure to unwarranted
recall expenses
• Secures supply chain integrity –
support for safe expansion into new
geographies
Authentication Technology
PolyOne Corporation Page 30
• Color harmonization across
15 unique color-and-polymer
combinations
• Eliminated need for multiple pre-
colored materials
• Reduced Land Rover’s working
capital
2015 Range Rover Evoque Interior
PolyOne Corporation Page 31
• Reduced health and
environmental impact
• System cost reduction
• Radiation-shielding
performance
• Parts consolidation
• Design freedom
CT Scanner
PolyOne Corporation Page 32
Metal Replacement Solutions
• Replaces metal in LED lighting
• Extends LED durability and life
span eliminating hot spots
• Greater design flexibility with
fewer parts
• Weight reduction
• Simplifies manufacturing and
lowers total production cost
PolyOne Corporation Page 33
Next Generation Solar Charger
• Ginkgo Solar Tree charger utilizing our
unique reSound™ material
• reSound™ is a durable material
consisting of 50% bio-derived plastic
and 50% traditional petroleum-based
plastic
• Use of reSound™ reduced the carbon
footprint for this product by 35%
• reSound™ Is classified as a PolyOne
Sustainable SolutionSM PolyOne
Sustainable
SolutionSM
PolyOne Corporation Page 34
High-Barrier Packaging Containers
• Capability to extrude up to 13
layers
• Strong oxygen and moisture
vapor transmission protection
• Can be made symmetrical or
asymmetrical to meet
customized needs of broad
variety of applications
• Barrier protection and superior
sensory properties
PolyOne Corporation Page 35
Aerospace Applications
• Leading provider of specialty materials
for the aerospace industry
• Typical applications
Mil-spec aircraft windows, canopies,
windscreens, instrument panels,
wingtip lenses
Interior – gallery furnishings, tray
tables, arm rests, trim strips, joint/edge
coverings
• Benefits:
High impact strength
Resistant to UV rays
Flame and smoke compliance
Easy to clean with aggressive cleaners;
anti-microbial grades available
Range of sizes, thicknesses, colors, etc.
Appendix
Q2 2015 Financial Highlights
At a Glance�Global Color, Additives and Inks
At a Glance�Global Specialty Engineered Materials
At a Glance�Designed Structures and Solutions
At a Glance�Performance Products and Solutions
At a Glance�Distribution
Plastics: Key to Future Sustainable Development
Commitment to Operational Excellence
Application Examples
Slide Number 28
Authentication Technology
2015 Range Rover Evoque Interior
Slide Number 31
Metal Replacement Solutions
Next Generation Solar Charger
High-Barrier Packaging Containers
Aerospace Applications
Jefferies - August 11 2015 r6
Jefferies - August 11 2015
https://www.avient.com/sites/default/files/resources/POL%2520Sidoti%2520IR%2520Presentation%2520w%2520Non%2520GAAP%25203%252018%25202014.pdf
Platform operating income mix percentage 2005Y* 2006* 2008Y* 2010Y* 2013Y
Global Specialty Engineered Materials $ 0.4 $ 3.9 $ 17.6 $ 49.7 $ 57.2
Global Color, Additives and Inks 4.3 8.9 28.1 37.7 104.0
Designed Structures and Solutions - - - - 33.4
Specialty Platform $ 4.7 $ 12.8 $ 45.7 $ 87.4 $ 194.6
Performance Products and Solutions 75.7 64.2 31.3 54.0 56.0
Distribution 19.5 19.2 28.1 42.0 63.3
SunBelt Joint venture 91.9 102.9 28.6 18.9 -
Corporate (51.5) 34.5 (425.1) (27.7) (82.4)
Operating income (loss) GAAP $ 140.3 $ 233.6 $ (291.4) $ 174.6 $ 231.5
Less: Corporate operating expense 51.5 (34.5) 425.1 27.7 82.4
Operating income excluding Corporate $ 191.8 $ 199.1 $ 133.7 $ 202.3 $ 313.9
Specialty platform operating mix percentage 2% 6% 34% 43% 62%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
Reconciliation to Condensed Consolidated Balance Sheets 2013
Short-term debt and current portion of long-term debt $ 12.7
Long-term debt 976.2
Less cash and cash equivalents (365.2)
Net debt $ 623.7
Adjusted EBITDA 2013
Income before income taxes $ 151.0
Interest expense, net 63.5
Depreciation and amortization 108.8
Special items in EBITDA 31.7
Adjusted EBITDA $ 355.0
2
Platform sales and operating income (OI) 2006Y* 2013Y
Global Specialty Engineered Materials sales $ 345.3 $ 615.5
Global Color, Additives and Inks sales 531.8 852.3
Designed Structures and Solutions sales - 597.4
Specialty Platform sales 877.1 2,065.2
Performance Products and Solutions sales 1,166.2 773.2
PolyOne Distribution sales 732.8 1,075.2
Corporate and eliminations (153.7) (142.4)
Total sales $ 2,622.4 $ 3,771.2
Global Specialty Engineered Materials OI $ 3.9 $ 57.2
Global Color, Additives and Inks OI 8.9 104.0
Designed Structures & Solutions OI - 33.4
Specialty Platform OI 12.8 194.6
Performance Products and Solutions OI 64.2 56.0
PolyOne Distribution OI 19.2 63.3
Sunbelt Joint Venture OI 102.9 -
Corporate and eliminations (4.6) (52.4)
Special items in OI 39.1 (30.0)
Operating income GAAP 233.6 231.5
Sunbelt equity income (107.0) -
Special items in OI (39.1) 30.0
Adjusted operating income $ 87.5 $ 261.5
Global Specialty Engineered Materials - OI % of sales 1.1% 9.3%
Global Color, Additives and Inks - OI % of sales 1.7% 12.2%
Designed Structures & Solutions - OI % of sales - 5.6%
Specialty platform OI - % of sales 1.5% 9.4%
PP&S operating OI - % of sales 5.5% 7.2%
Distribution OI - % of sales 2.6% 5.9%
PolyOne OI adjusted - % of sales 3.3% 6.9%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
Appendix
At a Glance�Global Specialty Engineered Materials
At a Glance�Global Color, Additives, and Inks
At a Glance�Designed Structures and Solutions
At a Glance�Performance Products and Solutions
At a Glance�Distribution
Plastics: Key to Future Sustainable Development
Establish Lean Six Sigma As Way of Life
Application Examples
Slide Number 24
2012 Range Rover Evoque Interior
Slide Number 26
Slide Number 27
Metal Replacement Solutions
High-Barrier Packaging Containers
Aerospace Applications
Sidoti Reconciliation of Non-GAAP.pdf
Section 1
https://www.avient.com/company/policies-and-governance/avient-canada-ulc
Avient Canada ULC is a leading compounding and distribution company with operations in rigid and flexible Synplast™ synthetic esters (plasticizers), thermoplastic compounds, polymer coating systems, color additive systems, and thermoplastic resin distribution.
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/gridcore-composite-utility-poles
Compared to traditional pole materials, fiber reinforced polymer (FRP) composites are more durable, require less maintenance, and provide a longer service life.
https://www.avient.com/sites/default/files/2021-04/avient-q4-earnings-and-2021-outlook-website.pdf
Our exceptional polymer scientists and design engineers are integral to their
product development process.
That’s Avient.
21,000+
CUSTOMERS
>75%
ARE CUSTOMIZED SOLUTIONS
TO UNIQUE SPECIFICATIONS
of
sales
18
AVIENT’S VALUE CREATION LEVERS
19
Exposure to high growth end markets
Investment in commercial resources and innovation
Strong free cash flow generation / capital deployment
Clariant Masterbatch synergies
COVID recovery
Re-Rating: Current share price valuation
Avient is poised for near-term and long-term
shareholder value creation.
20
• 8% increase in sales drives 24% increase in adjusted EPS to $2.40
($2.70 excluding step-up depreciation and amortization) as a result of
continued growth in sustainable solutions and synergy capture
• Clariant synergy capture ahead of schedule: $35M of savings planned from
Clariant Masterbatch acquisition
• Adjusted EBITDA of $510M – highest level in company history
• Deleveraging ahead of schedule – 2.1x net debt to adjusted EBITDA by the
end of 2021
2021 PROJECTIONS
PEER COMPARISONS
21
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
25
We are a specialty formulator that enables many of the world’s products through innovation and custom
solutions.
https://www.avient.com/sites/default/files/2023-01/Revolve Tripod Case Study.pdf
THE SOLUTION
The team at Rolatube had a few non-negotiable
performance requirements when considering composite
material options for the tripod legs.
The thermoplastic
polymer base resin used also enables recyclability
to support the company’s sustainability goals.
https://www.avient.com/sites/default/files/2024-03/Cesa Stat Antistatic Additives Product Bulletin.pdf
This solution can
help avoid static problems, while also improving
processability and mold release.
As polymer material moves
through shear-inducing production equipment,
positive or negative static charges can build up on
the surface.
https://www.avient.com/sites/default/files/2022-03/CESA Antimicro Product Selector Guide.pdf
Contact your sales representative for more information, or to learn more about
custom solutions for your application.
POLYMER FAMILY MATERIAL PRODUCT NAME PRODUCT TYPE DOSAGE
Polyolefin PEAN698413 CESA Antimicro SE 99-58 Silver 2–7.5%
Polyolefin PEAN698432 CESA Antimicro J8146 Zinc 1–4%
Polypropylene PPA0698636 CESA Antimicro J8259 Zinc 1–4%
Nylon ABA0820032 CESA Antimicro ABA0820032 Silver 2–7.5%
Polyester NBAN698441 CESA Antimicro S58441 Silver 2–7.5%
Polycarbonate NCAN820009 CESA Antimicro NCAN820009 Silver 2–7.5%
TPU RUA0698433 CESA Antimicro J8843 Zinc 1–4%
Styrenic SLA0820011 CESA Antimicro SLA0820011 Zinc 1–4%
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Investor%2520Day%25205-18-15.pdf
Nikrant
2:30 Designed Structures and Solutions Michael E.
Kahler
3:00 Break
3:10 Performance Products and Solutions Michael A.
Patterson
President and Chief Executive Officer
PolyOne Corporation Page 82
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 83
Confirmation of Our Strategy
The World’s Premier Provider of Specialized
Polymer Materials, Services and Solutions
Specialization Globalization
Operational
Excellence
Commercial
Excellence
PolyOne Corporation Page 84
‘06-‘14 Adjusted EPS CAGR = 40%
Strategy and Execution Drive Results
$0.12
$0.27
$0.21
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
'06 '07 '08 '09 '10 '11 '12 '13 '14
Adjusted EPS Share Price vs.
https://www.avient.com/sites/default/files/2025-01/Maxxam NHFR Non-Halogen Flame Retardant Polyolefins - Product Selector Guide EMEA.pdf
Product Name H15 H XF
V2 70
MF5200-5004
NHFR V2 HS
MF5200-5005
NHFR V2 RS H
MF5200-5006
NHFR V2 RS HS
H6 H XF
H20 H XF
H6 T/05 H XF
H6 T/10 H XF
H6 T/20 XF
H6 GF/10 XF
V070
H8 GF/20 XF
H12 GF/25 H
XF V0 70
H6 GF/30 XF
PE H XF
Polymer PP PE
Flammability V2 V2 V2 V2 V0 V0 V0 V0 V0 V0 V0 V0 V0 V0
UL Listed No No No No No No No No No No No No No Yes
Reinforcement Unfilled Unfilled Talc Talc Unfilled Unfilled Talc Talc Talc Glass Filled Glass Filled Glass Filled Glass Filled Unfilled
Density (g/cm3) 1.03 0.9 0.98 1.05 1.07 1.06 1.08 1.15 1.16 1.11 1.25 1.32 1.35 1
MFI,
230°C/2.16 kg 13 20 23 20 5.5 20 6 6 6 6 7 12 5.5
E-Modulus (Tensile
Modulus - Mpa) 1900 1500 2400 2600 2500 2500 2500 3000 3000 4300 6500 7500 8250 2000
Tensile Strength
(Mpa) 25 30 32 30 26 20 26 25 23 55 70 75 78 20
Elongation (%)
Product Name C10 XF
V2 70
C10 H XF
C10 H XF
V0 T
C10 T/10 XF
C10 T/20 XF
C6 GF/30 H XF
C2 GF/20 XF
C6 GF30 H UV XF
V0 70 GREY X2 70 GREY X3 70
Resin Chemistry COPO HOMO + COPO
Polymer PP
Flammability V2 V0 V0 V0 V0 V0 V0 V0 V0 V0
UL Listed No No No No No Yes No No No No
Reinforcement Unfilled Unfilled Unfilled Talc Talc Glass Filled Glass Filled Glass Filled Glass Filled Glass Filled
Density (g/cm3) 1.01 1.06 1.09 1.16 1.28 1.35 1.23 1.38 1.24 1.25
MFI, 230°C/2.16 kg 7 10 10 9 10 4.5 2.5 4.5 4 0
E-Modulus (Tensile
Modulus - Mpa) 1800 1500 1300 1500 2400 8000 5000 8000 5250 6000
Tensile Strength
(Mpa) 18 15 20 15 15 60 45 60 40 45
Tensile Strain at Break
(ISO 527-2) (%) 63
Our
range includes both standard and custom solutions that comply
with UL 94 V-2, V-0, and 5VA ratings, with many grades offer
high Relative Thermal Index (RTI) ratings and a Glow Wire
Flammability Index (GWFI) up to 960°C.