https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520Sidoti%2520wNonGAAP%2520Rec.pdf
Page 2
Use of Non GAAP Measures
• This presentation includes the use of both GAAP (generally accepted accounting
principles) and non‐GAAP financial measures.
EPS: $2.50
Assumptions
• High single digit organic
revenue CAGR
• Operating margins in mid range
of 2015 targets
• No global recession• No global recession
• No investment in incremental
PP&S capacity
• Completion of 2‐3 midsize
accretive acquisitions
• No divestitures
• Housing starts at 85% of 50 year
norm by 2015
R i f t bl b l 3X N t
2012
$ • Remain comfortably below 3X Net
Debt / EBITDA
Page 13
Rev: $3.0B
Adj.
EPS: $1.20
Proforma Debt Maturities & Liquidity Summary – 12/31/12
(Reflecting Financing & Spartech Acquisition)
• Total Debt at 12/31/12
h
$1,010
$297
$360 $300
$400
Debt Maturities
As of December 31, 2012
($ millions)
Less: Cash
Net Debt
213
$797
$50
$297
$100
$200
• Available Liquidity
Cash $213
$800 Debt Maturities
As of December 31, 2012
P f f 2/13 Fi i
$50 $0
2015 2017 2020
Interest Rates: 7.500% 5.000% 7.375%
Cash
ABL Availability
Total Liquidity
$213
271
$484
$600
$400
$600
Proforma for 2/13 Financing
($ millions)
Total Liquidity
• Net Debt / EBITDA = 2.0x*
$484
$50
$360
$0
$200
• Net Debt / EBITDA = 2.35x**
$50$0
2015 2020 2023
Page 14
Interest Rates: 7.500% 7.375% 5.250%
*Assumes $65 million of synergies related to Spartech acquistion
**Assumes no synergies related to Spartech acquistion
Use of Cash
Share DividendsOrganic
G Acquisitions
• Repurchased 1 2
Repurchase
• Introduced a
Dividends
• Expanding our
Growth
T t th t d
Acquisitions
• Repurchased 1.2
million shares in
2012
• 20.0 million
shares are
il bl f
• Introduced a
quarterly dividend
in Q1 2011 and
increased in Q1
2012 (25%) and
Q1 2013 (20%)
• Expanding our
sales, marketing,
and technical
capabilities is top
priority
• Investing in
• Targets that expand our:
• Specialty offering
• End market presence
• Geographic footprint
available for
repurchase under
the current
authorization
Q1 2013 (20%)
• Objective of
maintaining and
growing
Investing in
operational and
LSS initiatives
(including synergy
capture)
• CAPEX
• Synergy opportunities
• Adjacent material solutions
Proforma Cash Balance = $213M
N t D bt / EBITDA* 2 0X
CAPEX
Net Debt / EBITDA* = 2.0X
*Adjusted EBITDA assumes synergies related to the Spartech acquisition are realized at close; preliminary synergies estimated at $65M and are expected to be achieved over a 3-year period
Page 15
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2023-07/Avient-2022-Sustainability-Report.pdf
Riyadh, Saudi Arabia 2.
NOx: 0.25 MT
2.
PSIC: 0
2.
https://www.avient.com/sites/default/files/2025-05/AVNT May Investor Presentation_w_non-GAAP_0.pdf
Enhanced customer focus
2.
Play bigger and bolder in high growth markets
and portfolios supported by secular trends to
create product platforms of scale
2.
Staying close to our customers to help them navigate the
uncertain environment and execute their respective plans
2.
https://www.avient.com/resources/safety-data-sheets?page=2511
CORE BLUE #2
CORE GREEN #2
FR CONC 2-GF PP
https://www.avient.com/resources/safety-data-sheets?page=6109
BROWN ACCENT 2
GREY ACCENT 2
WHITE ACCENT 2
https://www.avient.com/resources/safety-data-sheets?page=1697
GOLD TPU #2
PRE CIRCLE CREAM 2 COMPOUND
GREEN GOLD FPVC #2
https://www.avient.com/resources/safety-data-sheets?page=3630
Y002990P PEC YELLOW 2:100
BLAZE PINK 2 TEXIN 245
VERMILION 2002 2
https://www.avient.com/resources/safety-data-sheets?page=2176
FOREST GREEN W/UV 2
Geon(TM) MB2762 1/2 PART BLUE CPSC
TAUPE BR3171F 2
https://www.avient.com/resources/safety-data-sheets?page=2863
STAN-TONE HCC-33084 SANDSTONE 2
PINK LC 2
BLUE 2
https://www.avient.com/resources/safety-data-sheets?page=3568
AZUL PEPSI GUATEMALA 2
EE PLUS RSB STREAK 2
X MF-1302-005-2