https://www.avient.com/sites/default/files/2020-03/polyone-2019-annual-report.pdf
RISK
PERCEPTION
RISK
TOLERANCE
DECISION
OR
ACTION
.56 Injury Rate
65% of sites worked
injury-free
110% increase in consecutive days
injury free in the last two years
SAFETY
FIRST
50%
0
70%20
43%
Average number of
risk assessments
completed every day
Reduction in
lacerations since
2017
Reduction in
ergonomic related
injuries
Automobile
related
injuries
Reduction in
acquisition
injury rate
74424.indd main_3 3/16/20 12:25 PM
Annual Report | 2019 4
With our focus on People, it has led to the creation and expansion of
Employee Resource Groups (ERGs) at PolyOne to advance diversity
and inclusion.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
PROXY STATEMENT 2024 | Annual Meeting of Shareholders 49
The 2023 Corporate and Business Segment Annual Plan weightings reflect adjustments from 2022 as
follows:
Corporate Annual Incentive Program Measure 2022 Weighting 2023 Weighting
Adjusted Operating Income (Consolidated) 60% 70%
Working Capital as a % of Sales 20% 20%
Sustainability Objectives 20% 10%
Business Segment Annual Incentive Program Measure 2022 Weighting 2023 Weighting
Adjusted Operating Income (Consolidated) 20% 10.5%
Adjusted Operating Income (Business Segment results) 40% 59.5%
Working Capital as a % of Sales (Business Segment results) 20% 20%
Sustainability Objectives 20% 10%
We set appropriate performance goals in 2023 under the 2023 Annual Incentive Program that focused our
efforts on those factors that we believed were critical to our ongoing success, including earnings
improvement, cash generation from working capital, efficiencies in our operations, and the advancement
of sustainability initiatives.
Total attainment for these participants under the 2023
Annual Incentive Program was 52.5%, with the components consisting of (dollars in millions):
50 PROXY STATEMENT 2024 | Annual Meeting of Shareholders
2023 Corporate Plan Annual Incentive Program* (Patterson, Beggs, Kunkle, Rathbun)
Adjusted Operating
Income (consolidated) 70% $314.5 $338.6 $399.6 $312.8 0.0%
Working Capital as a %
of Sales 20% 12.4% 11.7% 10.7% 10.3% 200.0%
Sustainability
Objectives 10% See above disclosure for more information about
goals and achievements 125.0%
*Adjusted operating income (performance measures and results) reported in the table above was calculated with adjustments for special items (as noted
on Appendix A) pursuant to the terms of the awards and as approved by the Compensation Committee.
Although SARs granted in 2023, 2022 and 2021 would also be
70 PROXY STATEMENT 2024 | Annual Meeting of Shareholders
subject to prorata vesting in cases of retirement, disability or death, and full vesting in the case of an involuntary termination following a change in control,
the table reflects a value of $0 for the SAR awards, as the grant price in each of these years exceeds the December 29, 2023 closing stock price
https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
2022 Proxy Statement
TABLE OF CONTENTS
Message from our CEO i
Notice of 2022 Annual Meeting of Shareholders ii
Record Date ii
Voting Matters and Vote Recommendations ii
Proxy Statement 1
Proxy Summary 1
Voting and Meeting Information 1
Attendance and Participation 1
Who is Eligible to Vote 1
Advance Voting Methods 2
Voting During the Annual Meeting 2
Questions 3
Company Operating Performance 3
Our Company Culture 4
The 4Ps of Sustainability at Avient 4
Impact of our Performance on Named Executive Officer 2021 Compensation 9
Our Director Nominees and Committee Membership 11
Summary of Director Nominee Skills, Experience and Background 12
Governance Highlights 13
Proposal 1 - Election of Twelve Director Nominees to Our Board of Directors 16
Proposal 2 - Advisory Vote to Approve Named Executive Officer Compensation 23
Proposal 3 - Ratification of the Appointment of Ernst & Young LLP as Our
Independent Registered Public Accounting Firm for the Fiscal Year Ending
December 31, 2022
25
Independent Registered Public Accountant Services and Related Fee Arrangements 25
Report of the Audit Committee 26
Corporate Governance 28
Director Independence 28
Lead Director 29
Board Leadership Structure 29
Majority Voting for Directors 29
Board Oversight of Risk 29
Board Oversight of ESG and Sustainability Matters 30
Code of Ethics, Code of Conduct and Corporate Governance Guidelines 31
Related Person Transactions 31
Communication with Board 32
Board and Committees 32
Board Refreshment and Diversity 36
2021 Non-Employee Director Compensation 38
Non-Employee Director Compensation Highlights 38
Non-Employee Director Retainer and Meeting Fees 38
2021 Non-Employee Director Compensation Table 39
Option Awards Outstanding and Fully Vested Deferred Shares 40
Ownership of Avient Shares 41
Beneficial Ownership of Our Common Shares 41
Stock Ownership Guidelines for Non-Employee Directors 42
Compensation Discussion and Analysis 43
Executive Summary 43
Executive Compensation Philosophy and Objectives 46
What We Pay and Why: Elements of Compensation 49
Other Aspects of our Compensation Programs 55
Executive Compensation 59
2021 Summary Compensation Table 59
2021 Grants of Plan-Based Awards 61
Outstanding Equity Awards at 2021 Fiscal Year-End 63
2021 Option Exercises and Stock Vested 64
2021 Non Qualified Deferred Compensation 64
Potential Payments Upon Termination or Change of Control 65
CEO Pay Ratio Disclosure 70
Compensation Committee Interlock and Insider Participation 70
Risk Assessment of the Compensation Programs 71
Compensation Committee Report 71
Miscellaneous Provisions 72
Voting at the Meeting 72
Revoking a Proxy 72
Shareholder Proposals 73
Proxy Solicitation 73
Appendix A A-1
i
MESSAGE FROM OUR CEO
Dear Fellow Shareholder:
We have decided to hold the Annual Meeting virtually because doing so enables greater shareholder
attendance and participation from any location around the world, and reduces the cost and
environmental impact of the Annual Meeting.
Beggs – 70%; and Messrs.
EXECUTIVE COMPENSATION
70 PROXY STATEMENT 2022 | Annual Meeting of Shareholders
(6) Continuation of health and welfare benefits, or comparable benefits, are provided under the Executive Severance Plan in the event of an involuntary
termination without cause or the Continuity Agreement in the event of an involuntary termination following a change of control
https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
Abernathy 70 2018 Yes M M
Richard H.
Director since: 2018
Age: 70
Current Public Company
• Haemonetics Corporation
Former Directorships:
• Halyard Health, Inc
With respect to SARs granted in 2022, the table reflects a value of $0 for the SAR
PROXY STATEMENT 2025 | Annual Meeting of Shareholders 70
awards, as the 2022 SAR grants have not met any of the applicable stock price hurdles and the grant price in 2022 exceeds the December 31,
2024 closing stock price
https://www.avient.com/sites/default/files/2020-10/tpe-injection-molding-guide.pdf
Typical Sprue Designs for Various Hardness Values
Typical TPE Hardness
Range
Most Common Sprue Puller Types Figure
>50 Shore A Tapered, Pin, Z-Type 3, 4 and 6
40-70 Shore A Undercut 5
5-40 Shore A Pine Tree 7
Hot sprue bushings and extended nozzles may also be used with GLS TPEs.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
PROXY STATEMENT 2024 | Annual Meeting of Shareholders 49
The 2023 Corporate and Business Segment Annual Plan weightings reflect adjustments from 2022 as
follows:
Corporate Annual Incentive Program Measure 2022 Weighting 2023 Weighting
Adjusted Operating Income (Consolidated) 60% 70%
Working Capital as a % of Sales 20% 20%
Sustainability Objectives 20% 10%
Business Segment Annual Incentive Program Measure 2022 Weighting 2023 Weighting
Adjusted Operating Income (Consolidated) 20% 10.5%
Adjusted Operating Income (Business Segment results) 40% 59.5%
Working Capital as a % of Sales (Business Segment results) 20% 20%
Sustainability Objectives 20% 10%
We set appropriate performance goals in 2023 under the 2023 Annual Incentive Program that focused our
efforts on those factors that we believed were critical to our ongoing success, including earnings
improvement, cash generation from working capital, efficiencies in our operations, and the advancement
of sustainability initiatives.
Total attainment for these participants under the 2023
Annual Incentive Program was 52.5%, with the components consisting of (dollars in millions):
50 PROXY STATEMENT 2024 | Annual Meeting of Shareholders
2023 Corporate Plan Annual Incentive Program* (Patterson, Beggs, Kunkle, Rathbun)
Adjusted Operating
Income (consolidated) 70% $314.5 $338.6 $399.6 $312.8 0.0%
Working Capital as a %
of Sales 20% 12.4% 11.7% 10.7% 10.3% 200.0%
Sustainability
Objectives 10% See above disclosure for more information about
goals and achievements 125.0%
*Adjusted operating income (performance measures and results) reported in the table above was calculated with adjustments for special items (as noted
on Appendix A) pursuant to the terms of the awards and as approved by the Compensation Committee.
Although SARs granted in 2023, 2022 and 2021 would also be
70 PROXY STATEMENT 2024 | Annual Meeting of Shareholders
subject to prorata vesting in cases of retirement, disability or death, and full vesting in the case of an involuntary termination following a change in control,
the table reflects a value of $0 for the SAR awards, as the grant price in each of these years exceeds the December 29, 2023 closing stock price
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202018.pdf
Patterson
Chairman, President and CEO
INTRODUCTION
B O B P A T T E R S O N
PolyOne Corporation 7
PolyOne Corporation 8
H I S T O R I C P A S T
S U S T A I N A B I L I T Y A T P O L Y O N E
PolyOne Corporation 9
P E O P L E P R O D U C T S P L A N E T
S A F E T Y F I R S T
PolyOne Corporation 10
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Injuries per 100 Workers
Spartech
Acquisition
T H E P O L Y O N E A C A D E M Y
PolyOne Corporation 11
Leadership Program Participants
2012
2013
2015
86
2016
125
169
216
Campus Hires
2008
2011
25
S U S T A I N A B L Y I M P A C T I N G D I V E R S E E N D M A R K E T S
PolyOne Corporation 12
With emphasis on:
• Light-weighting
• Reducing packaging materials
• Improving recyclability
• Reducing spread of infection
• Facilitating alternative energy
solutions
Building &
9%
Electrical &
P R O D U C T S A N D P O R T F O L I O O P T I M I Z A T I O N
PolyOne Corporation 13
R E I N V E S T G R O WD I V E S T ( D S S )
OUR PLANET
PolyOne Corporation 14
Energy
Saving Projects
26
REDUCTION
REDUCTION
Waste
Reduction Projects
2,557
LSS Projects
Executed
202
PolyOne LSS
Blackbelts
2011
2017 202
2008
147
67
2,557
2008 2017
S U S T A I N A B I L I T Y A T P O L Y O N E
PolyOne Corporation 15
2009 2010 2011 2012 2013 2014 2015 2016* 2017*
A D J U S T E D E P S E X P A N S I O N
C O N S E C U T I V E
Y E A R S
PolyOne Corporation 16
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
*Pro Forma for sale of DSS
E A R L Y Y E A R S D E F I N E D B Y S P E C I A L T Y
M I X I M P R O V E M E N T
PolyOne Corporation 17
65%
2005 2014
$5M $242M
+ 25%
+ 33%
Specialty OI
% of Operating Income
C O M M O D I T Y P R U N I N G
H E L D O R G A N I C S A L E S F L A T
PolyOne Corporation 18
2010 2011 2012 2013 2014
Acquisitions
Organic
Revenue
I N V E S T M E N T I N COMMERCIAL RESOURCES D R I V I N G R E S U L T S
PolyOne Corporation 19
Largest organic revenue growth
since recession
$2.9 $2.9
$3.2
2015 2016 2017
Revenue in billions of $
Total + 10%
Organic + 7%
S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H
PolyOne Corporation 20
Double digit
annual EPS
growth
Expand specialty portfolio
with strategic acquisitions
Innovate and develop new
technologies and services
Repurchase 600K-1M
shares annually
Increase commercial
resources 6-8% annually
Double acquired
company margins
Enhance efficiencies
through Lean Six Sigma
and commercial excellence
5.0%
2006 2017 Platinum Vision Updated Expectations
R A I S I N G T H E B A R
R O I C D R I V E S S H A R E H O L D E R R E T U R N
PolyOne Corporation 21
COMMERCIAL
EXCELLENCE
PolyOne Corporation 22
M I C H A E L G A R R A T T
PolyOne Corporation 23
PolyOne Corporation 24
35% more sales calls
25% more marketing campaigns
1,000 new customers, expanding
customer base by 5%
$1.0B increase in new opportunities
8% reduction of average territory
size, enabling greater
customer focus
20% more prospecting calls
PolyOne Corporation 25
P O L Y O N E
+34%
$3.0 billion
$4.0 billion
A L I G N I N G W I T H T R E N D S F O R G R O W T H
T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R
PolyOne Corporation 26
Facilitate
alternative
energy
solutions
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
PolyOne Corporation 27
Customization
55%
M&A
Innovation
Pipeline
Adjacent
Opportunity for
Growth Through New
Innovation comes from
PolyOne Corporation 28
Adjacent
Opportunity for
Growth Through New
New
development
adjacent to our
existing
New development
beyond our current
Development within
our current
markets and
Create new
markets, target
new customer
Service existing
markets and
Adjacent
Opportunity for
Growth Through New
PolyOne Corporation 29
markets and
Create new
markets, target
new customer
Service existing
markets and
Gordon/Polystrand –
Composites
GLS – Thermoplastic Elastomers
ColorMatrix – Liquid
Color & Additives
New
development
adjacent to our
existing
New development
beyond our current
Development within
our current
Adjacent
Opportunity for
Growth Through New
PolyOne Corporation 30
markets and
Create new
markets, target
new customer
Service existing
markets and
Non-Halogen Flame
Retardant Polymers
Barrier Technologies
Fiber Colorants
Advanced Composites
Thermoplastic Elastomers
New
development
adjacent to our
existing
New development
beyond our current
Development within
our current
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 31
PrototypeFrame
Opportunity
Scale-up & Test
Build
Business Case
Commercial
Launch
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
6
2 1
15 4
10
11
4
7
Breakthrough
Platform
Derivative
Number of Projects 26 16 20 15 2 79
Color Technologies – – $335 $670 $410 19 $1,415
Barrier Additives – – $160 $255 – 8 $415
Flame Retardant Polymers – – $200 $50 – 14 $250
Thermoplastic Elastomers – – $410 $80 $30 17 $520
Advanced Composites – – $100 $40 – 8 $140
Specialty Vinyl Formulations – – $25 $75 – 13 $100
Total Addressable Market
($ millions)
– – $1,230 $1,170 $440 $2,840
38%
$20
$52
Research & Development Spend
($ millions)
Vitality Index
% of sales from products launched last 5 years
I N N O V A T I O N D R I V E S E A R N I N G S G R O W T H
PolyOne Corporation 32
A U N I Q U E C U S T O M E R E X P E R I E N C E
Industrial
Design
IQ DESIGN LABS
PolyOne Corporation 33
Material
& Color
Expertise
Manufacturing
Expertise
3
14
Industrial designers
$0
$7M
$4M
$40M
Opportunity funnel New business revenue
3 D P R I N T I N G
B R I N G I N G N E W I D E A S T O L I F E
PolyOne Corporation 34
Enables validation of fit and function
Shortens design cycle and time to market
Avoids tooling rework
Drives innovation
Delivers substantial customer value
LSS CUSTOMER FIRST
PolyOne Corporation 35
Customer Projects
Enables sales growth by building more intimate
customer relationships, giving us insight to customers’
needs, with a service that is not easily replicated
2 85
Lead
Specialists
T H E E V O L V I N G C U S T O M E R R E L A T I O N S H I P
PolyOne Corporation 36
Expanded Path
Traditional Path
Strategic Accounts/
Field Sales
Business
Development
Customer
Service
Web and Social
Media
Inside Sales
PolyOne Corporation 37
Investments in digital and dedicated inside sales to
improve customer experience
80% increase in leads (from 6,000 to 11,000) driven
by website, phone, and online chat
EXPANDED PATH
A D D I N G C U S T O M E R T O U C H P O I N T S
4
21
Inside sellers
$11M
$88M
Inside sales/digital revenue
4 focused end-markets aligned with global
megatrends
5 strategic innovation platforms
30% increase in IQ Design projects
35% increase in revenue from inside sales/digital
≥35% vitality index
PolyOne Corporation 38
I N N O V A T I N G W I T H P O L Y O N E
PolyOne Corporation 39
SEGMENT REVIEWS
POLYONE
DISTRIBUTION
PolyOne Corporation 40
S C O T T H O R N
D I S T R I B U T I O N
E N D M A R K E T S & S U P P L I E R S
PolyOne Corporation 41
23%
22%
Electrical &
Building &
$20
$63
$73
2.9%
5.9%
1.0%
3.0%
5.0%
7.0%
15
25
35
45
55
65
75
Operating Income & Margin2017 Revenue | $1.2 Billion
http://www.avient.com/Pages/VariationRoot.aspx
http://www.avient.com/Pages/VariationRoot.aspx
S E R V I C E I S O U R B U S I N E S S
PolyOne Corporation 42
Uniquely positioned to help our customers grow
their brand and value-added solutions
1.2B
$
Annual Sales
250
Global Employees
24
Strategic
Presence
132
Sales Reps
Warehouse
Locations
6
Service Centers
Dedicated Commercial
Team
S E R V I C E I S O U R B U S I N E S S
S A F E L Y A N D R E S P O N S I B L Y
PolyOne Corporation 43
95% on-time delivery
Customer/Product
Combinations
14,000
Transactions/Month
In-Person
Customer Visits
6,500 27,000
$
PolyOne Corporation 44
37% more sales calls
$65M in new revenue from
inside sales
$400M increase in new
opportunities
24% increase in close rate
51% increase in prospecting calls
119
13211
1315
23
Sales R&D / Technical Marketing
+ 53%
+ 11%
PolyOne Corporation 45
Providing differentiated services that meet the needs
of the changing customer landscape
G R O W T H T H R O U G H I N S I D E S A L E S
$65
PolyOne Distribution Inside Sales
$ in millions
PolyOne Corporation 46
G R O W T H T H R O U G H M U L T I P L E S A L E S
C H A N N E L S
Technical
Field Sales
Key Accounts /
Industry Sales
Inside
Sales
Serving a broad spectrum of customers
Leveraging digital systems to drive awareness and
enhance the customer experience
PolyOne Corporation 47
P O D S A L E S
+27%
$1.2 billion
$1.6 billion
>10% annual increase in revenue from inside sales and
digital with expanded customer touch points
8% annual expansion of sales funnel with best-in-class
service and technical expertise
6-8% compound annual operating income growth
6-7% operating margins
PolyOne Corporation 48
SPECIALTY
ENGINEERED
MATERIALS
PolyOne Corporation 49
M I C H A E L G A R R A T T
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
PolyOne Corporation 50
Engineered
Formulations
Advanced
Thermoplastic
Elastomers
19%
Electrical &
13%
8%
Building &
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
Revenue by Region Operating Income & Margin
2 0 1 7 R E V E N U E | $ 6 2 4 M I L L I O N
PolyOne Corporation 51
$21
$57
$76
0.1%
5.1%
9.3%
12.1%
Europe
28%
48%
22%
C A P I T A L I Z I N G O N T H E G L O B A L M A R K E T
PolyOne Corporation 52
Demand for engineered materials is accelerating
Expanding thermoplastic elastomer portfolio to meet
the demands of local consumption
Grow and develop low smoke, non-halogen
technologies to meet increasing European standards
Adding capacity in strategic markets
India Germany
China North America
Establishing a commercial hub in Southeast Asia
PolyOne Corporation 53
PolyOne Corporation 54
13% more sales calls
36% increase in customization
projects
$270M increase in new opportunities
12% reduction in average territory
size, enabling greater
customer focus
50% improvement in speed of
formulation turnaround
Increased commercial headcount
133
17335
39
120
147
+ 30%
+ 11%
PolyOne Corporation 55
S E M
S A L E S
+43%
$610 million
$880 million
PolyOne Corporation 56
Leading Sporting Goods
Manufacturer
Provided Lean Six Sigma training
and led an onsite Black Belt
project to improve product
development cycle times
Reduced
innovation project
cycle times by over
10%
and prototyping by
40%
80%
increased
resulting in
$500k
savings
I N N O V A T I O N S P O T L I G H T :
C O M P O S I T E S
PolyOne Corporation 57
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 58
Polymer
Composite
Strength
Design Flexibility
Continuous
Fiber
Thermoset
Short Glass
Fiber
Thermoplastics
Continuous Fiber
Long Glass Fiber
Thermoplastics
S T R A T E G I C I N V E S T M E N T H I S T O R Y
PolyOne Corporation 59
Acquired
Polystrand
Installed LFT
production
Avon Lake
Long Fiber
Thermoplastic
(LFT)
Technology
Installed
LFT
Barbastro,
Spain
Acquired
Glasforms
Acquired
Gordon
Thermoplastic
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2010 2012 2015 2016 20162009 20122011 2014
C O M P O S I T E S I N T R A N S P O R T A T I O N
PolyOne Corporation 60
W A T E R C R A F TR A I L H E A V Y T R U C K
Bulkheads and Transoms
Ceilings and Hatches
Doors and Cabinetry
Flooring
Door Panels
Side Walls
Flooring & Side Panels
Aerodynamic Fairings
Seat and Bunk
Reinforcements
44
At Acquisition Now
Commercial Resources
0%
At Acquisition Goal
Operating Margins
Test Market
Innovation
Projects
PolyOne Corporation 61
A D V A N C E D C O M P O S I T E S
Long-term investments align with key global megatrends
Light-Weighting Design Flexibility Sustainability
>10% annual increase in customization projects
10% annual expansion of sales funnel, enhancing
portfolio in 4 focus end markets
20% increase in global capacity
12-15% compound annual operating income growth
14-16% operating margins
PolyOne Corporation 62
PERFORMANCE
PRODUCTS
& SOLUTIONS
PolyOne Corporation 63
D O N W I S E M A N
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
PolyOne Corporation 64
Specialty Vinyl
Solutions
Healthcare
Formulations
Smart Device
Materials
Flame Retardant
Polymers
Building &
Electrical &
1%
Asia
77%
Mexico
P E R F O R M A N C E P R O D U C T S & S O L U T I O N S
Operating Income & MarginRevenue by Region
2 0 1 7 R E V E N U E | $ 7 2 1 M I L L I O N
$40
$33
$56
$77
4.6%
3.6%
7.2%
10.7%
16.0%
10
PolyOne Corporation 65
$886 $668 $773 $721Sales
PolyOne Corporation 66
PolyOne Corporation 67
25% more sales calls
113% increase in innovation
pipeline
$240M increase in new
opportunities
36% increase in
prospecting calls
300 basis point
improvement in
operating margin
57
66
18
37
53
+ 16%
+ 43%
+ 6%
PolyOne Corporation 68
P P & S
S A L E S
+40%
$610 million
$850 million
PolyOne Corporation 69
Leading Wire & Cable
Manufacturer
Provided Lean Six Sigma training
and led on-site Kaizen process
improvements
Reduced
over
400
labor hours
through
reorganized
work area and
floor space
Increased
manufacturing
throughput value
$1.4M
PolyOne Corporation 70
IQ Design is collaborating with a
leading medical device
manufacturer to replace metal
and provide chemical resistance
to solve cracking issues related
to intense cleaning requirements
H E A L T H C A R E I N N O V A T I O N S
I N N O V A T I O N S P O T L I G H T :
F L A M E R E T A R D A N T
P O L Y M E R S
PolyOne Corporation 71
F L A M E R E T A R D A N T
D R I V E R S
PolyOne Corporation 72
Shift toward less toxic solutions
Increased consumer awareness
Focus on environmentally
friendly solutions
New regulatory standards
F L A M E R E T A R D A N T P E R F O R M A N C E S P E C T R U M
PolyOne Corporation 73
Flame Retardant Flame Retardant Flame Retardant
Non-Halogen
No Dripping
Low Smoke
Low Toxicity &
Corrosiveness
H A L O G E N N O N - H A L O G E N L S F O H
( L o w S m o k e a n d F u m e ,
N o n - H a l o g e n )
Non-Halogen
R E G U L A T O R Y C H A N G E S P R O V I D E O P P O R T U N I T Y
L E D S O L U T I O N S
PolyOne Corporation 74
Solutions for rigid molded &
extruded applications
Superior outdoor weather performance
Excellent light dispersion qualities
Formulated to meet stringent
flame-rating regulations
Custom design support to meet demand
8% more sales calls annually
10% annual expansion of sales funnel, including
breakthroughs in healthcare technologies
8-10% compound annual operating income growth
12-14% operating margins
PolyOne Corporation 75
COLOR ADDITIVES
& INKS
PolyOne Corporation 76
M A R K C R I S T
C O L O R , A D D I T I V E S & I N K S
PolyOne Corporation 77
Solid
Colorants
Performance
Additives
Screen
Printing Inks
Liquid
Colorants
27%
14%
Textiles
Building &
8%
Electrical &
Operating Income & MarginRevenue by Region
C O L O R , A D D I T I V E S & I N K S
2 0 1 7 R E V E N U E | $ 8 9 3 M I L L I O N
$104
$139
0.9%
5.5%
12.2%
15.5%
16.0%
18.0%
110
120
130
140
150
PolyOne Corporation 78
Europe
32%
46%
1%
Mexico
Brazil
C A P I T A L I Z I N G O N T H E G L O B A L M A R K E T
PolyOne Corporation 79
Emerging markets driving strong demand for color
and additives
Rapid adoption of food and beverage
packaging additives
Fiber colorants growth focused on expanding
Asia-Pacific market
Increase commercial investments focused on China,
India and Mexico
Expand capacity in China and leverage investments
in India
Recent acquisitions increasing global reach
PolyOne Corporation 80
PolyOne Corporation 81
35% more sales calls
30% increase in customized color
formulations
106% increase in innovation pipeline
$170M increase in new opportunities
20% increase in prospecting calls
9 days or less in design
turnaround time:
best-in-class
Increased commercial investment
301
382
38
43
209
275
+ 27%
+ 13%
+ 32%
PolyOne Corporation 82
C A I S A L E S
+32%
$540 million
$710 million
PolyOne Corporation 83
Developed
inventory
management
framework to
reduce
working
capital by
Printing Equipment
and Supply Manufacturer
Provided Lean Six Sigma training
and conducted process mapping
exercises to identify key
improvement opportunities
Optimize
manufacturing:
45%
improvement in
assembly process,
25%
cycle time
A D D I T I V E & C O L O R A N T
T E C H N O L O G I E S
PolyOne Corporation 84
B A R R I E R T E C H N O L O G I E S
Active oxygen scavenging
additive in the bottle wall
Evolving technology for active
oxygen scavenging additive in
the bottle cap
Amosorb™ HyGuard™
UV and visible light blocking
additive to prevent degradation
of product
Lactra™ SX
Market leader in oxygen, light and UV barrier solutions for the PET bottle market
PolyOne Corporation 85
S T R A T E G I C A D D R E S S A B L E M A R K E T > $ 2 0 0 M
F I B E R C O L O R A N T S
Eliminate waste water associated
with conventional dyeing
Help meet sustainability targets
for brand owners
Enable “uncolored fiber” producers
to bypass dyehouse
Strategic addressable market >$300M
PolyOne Corporation 86
S T R A T E G I C I N V E S T M E N T H I S T O R Y
PolyOne Corporation 87
Thermoplastic
2011 2015 2018
Acquired
ColorMatrix
Acquired
Magenta
Acquired
IQAP
$10
$45
Revenue from Fiber Color
Invested in
development
of liquid fiber
colorant
technology
Expanded
solid
colorant
offerings
38
43
At Acquisition Now
Commercial Resources
Innovation
Projects
PolyOne Corporation 88
I N V E S T I N G F O R T H E F U T U R E
Nearly 900 projects identified
Gaining sustainable momentum & building trust with consumers
Sales Funnel
$125M
“We are unleashing the power of human potential, all
to advance the game.
https://www.avient.com/sites/default/files/2024-10/Avient CDP Climate Change %26 Water Submission 20241001.pdf
In 2023, Avient collected sustainable assessments for 70% of our total direct spend for sourcing.
In 2023, Avient collected sustainable assessments for 70% of our
total direct spend for sourcing.
Avient successfully collected sustainable
assessments for 70% of our total direct spend for sourcing.
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
The following table summarizes our liquidity as of December 31, 2015:
Cash and cash equivalents $279.8
Revolving credit availability 341.9
Liquidity $621.7
As of December 31, 2015, 70% of the Company’s cash and cash equivalents resided outside the
United States.
Based on the current funded status of the plan, our
pension asset investment allocation guidelines are to invest 60% to 70% in fixed income securities,
30% to 40% in equity securities and 0% to 10% in alternative investments and cash.
In response, Franklin-Burlington and approximately 70 other
companies (collectively, the Cooperating Parties) agreed, pursuant to an Administrative Order of
Consent with the USEPA, to assume responsibility for development of a RIFS of the lower Passaic
River.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
March 11, 2013
25+38+38
+73+74+95
19+15+9
+56+72+85
Operating Income %
Specialty
PP&S
Distribution
Specialty Platform
Operating Income % of Total
ROIC** (after-tax)
3.2%
6.1%
3.0%
20%
7%
9.1%
9.0%
6.4%
45%
11%
2015 TARGET
12%–16%
9%–12%
6%–7.5%
65%–75%
15%
0 20 40 60 80 100 120
$ millions
SPECIALTY PLATFORM
OPERATING INCOME
40+68+70
+86+84+902012
0 10 20 30 40 50 60
% PERCENTAGE
SPECIALTY PLATFORM
OPERATING INCOME % OF TOTAL*
41+33+35
+70+79+932012
0 1 2 3 4 5 6 7 8
% PERCENTAGE
ADJUSTED RETURN
ON SALES^
POLYONE STOCK (POL) PERFORMANCE VERSUS S&P
0 .20 .40 .60 .80 1.00 1.20 1.40
$ DOLLARS
ADJUSTED EARNINGS
PER SHARE†
0 .2 .4 .6 .8 1 1.2
*Operating income excludes corporate
operating income
SAFETY
INJURY INCIDENCE RATE˚
12.31.09 6.30.10 12.31.10 6.30.11 12.31.11 6.30.12 12.31.12
DATE
200
150
100
50
0
P
R
C
TA
G
POL S&P 600 CHEMICALS S&P 500
INJURY incidence rate
91+91+71
+54+47+45
˚Number of injuries per 100 full time associates^Operating income excludes special items and
equity income from SunBelt
**ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
†EPS excluding special items and equity income
from SunBelt
POL 173%
S&P 600 Chemicals 34%
S&P 500 28%
5
Proof of Performance
Our values, strategy, commitment and execution are clearly evident in our recent financial and operational performance.
Unrecognized compensation cost for RSUs at December 31, 2012 was $7.1 million,
which is expected to be recognized over the weighted average remaining vesting period of 15 months.
70 POLYONE CORPORATION
Stock Options
Our incentive stock plans previously provided for the award or grant of options to purchase our
common shares.