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This data is being utilized to define our capabilities to influence these stakeholders and initiate
mutually beneficial partnerships.
Political Contributions
Avient does not fund political par ties or members of government.
cf_chl_jschl_tk__=pmd_3412acbd59c39f87411637add4665efb8a0aab18-1626893562-0-gqNtZGzNAg2jcnBszQe6
Earth Day Photo Contest
In celebration of Earth Day, we held our annual photo contest, inviting associates to capture the beauty of nature through their
lenses.
https://www.avient.com/investor-center/news/polyone-corporation-host-investor-day
NYSE: POL), a premier provider of specialized polymer materials, services and solutions, will host an Investor Day for investment professionals on
View original content:http://www.prnewswire.com/news-releases/polyone-corporation-to-host-investor-day-300581730.html
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 must
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Buyer shall make all payments hereunder in
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and at the location indicated on Seller’s invoice.
Buyer must
notify Seller of such acquisition within 10 (ten) days thereof.
Seller may terminate this contract at its sole option
upon 14 calendar days’ written notice to Buyer.
24.
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cash or cash equivalent at face value in the funds, within the time,
and at the location indicated on Seller’s invoice.
Buyer must
notify Seller of such acquisition within 10 (ten) days thereof.
Seller may terminate this contract at its sole option
upon 14 calendar days’ written notice to Buyer.
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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
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https://www.avient.com/news/polyone-celebrates-grand-opening-new-facility-india
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PolyOne Celebrates Grand Opening of New Facility In India
CLEVELAND – PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, today celebrated the official opening of its new, state-of-the-art facility in Pune, India.
https://www.avient.com/news/archives?page=72
PolyOne Celebrates Grand Opening of New Facility In India
CLEVELAND – PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, today celebrated th
https://www.avient.com/news/polyone-corporation-host-investor-day
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PolyOne Corporation To Host Investor Day
CLEVELAND – PolyOne Corporation (NYSE: POL), a premier provider of specialized polymer materials, services and solutions, will host an Investor Day for investment professionals on Monday, May 18, 2015, from 12:00 p.m. to 5:00 p.m., at the InterContinental New York Times Square hotel.
In addition, the Investor Day will include presentations by Bradley C.