https://www.avient.com/sites/default/files/2020-03/2020proxy.pdf
NOTICE OF 2020 ANNUAL MEETING OF SHAREHOLDERS
Thursday, May 14, 2020
9:00 a.m.
PROPOSAL 3 — APPROVAL OF THE POLYONE CORPORATION
2020 EQUITY AND INCENTIVE COMPENSATION PLAN
General
Why We Recommend That You Vote for this Proposaly p
Our Board recommends a vote FOR this Proposal to approve the
PolyOne Corporation 2020 Equity and Incentive Compensation Plan.
2020 Plan Highlights g g
Administration
Reasonable 2020 Plan Limits
Allowances for Conversion Awards and Assumed Plans
Limited Share Recycling Provisions
Minimum Vesting
No Repricing Without Shareholder Approval
Change of Control Definition
Exercise or Base Price Limitation.
Based Participants
Withholding
No Right to Continued Employment
Effective Date of the 2020 Plan
Amendment and Termination of the 2020 Plan:
New Plan Benefits
U.S.
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Spanish.pdf
Tenga en
https://edpb.europa.eu/about-edpb/board/members_en
cuenta que la ley aplicable puede requerir que Avient conserve su curriculum vitae durante un periodo
específico incluso si usted solicita que Avient no considere su candidatura para el empleo.
8.
mailto:PRIVACY.OFFICER@AVIENT.COM
https://privacyportal.onetrust.com/webform/b25cf7b1-a93a-4d26-8c84-ceda4d0ae91b/e180cbe4-d1b9-49bd-b621-cb5f6a0f42cb
https://privacyportal.onetrust.com/webform/b25cf7b1-a93a-4d26-8c84-ceda4d0ae91b/e180cbe4-d1b9-49bd-b621-cb5f6a0f42cb
mailto:PRIVACY.OFFICER@AVIENT.COM
** En el caso de los candidatos de Perú, los datos personales se conservarán en el banco de
datos"[avient.taleo.net]" registrado en el Registro Nacional de Protección de Datos Personales, con el
código RNPDP-PJP, N.º [*].”
Fecha de entrada en vigor: 1 de agosto de 2020
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Hungarian.pdf
Ez a jelöltekre vonatkozó
adatvédelmi nyilatkozat („Nyilatkozat”) meghatározza, hogy az Avient miként gyűjti, használja vagy hozza
nyilvánosságra az álláskeresők és a jelöltek (együttesen „Ön”) személyes adatait, amikor Ön hozzáfér vag y
használja álláskeresési weboldalainkat, így például a https: //avient.referrals.selectminds .com/ oldalt
(„Weboldalak”).
Tájékoztatjuk, hogy az alkalmazandó jogszabályok megkövetelhetik, hogy az
https://edpb.europa.eu/about-edpb/board/members_en
Avient meghatározott ideig megőrizze önéletrajzát, még abban az esetben is, ha Ön azt kéri, hogy az
Avient ne vegye számításban az Ön jelentkezését.
8.
Hatályba lépés napja: 2020. augusztus 1.
https://www.avient.com/sites/default/files/2022-11/Packaging Anti-fog Whitepaper.pdf
Prevent fogging of your transparent
food packaging
Effective solutions exist to keep your packaging fog-free,
and recent developments make it easier than ever
2© 2020 Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
INTRODUCTION
Fog formation on food packaging films frustrates
consumers, can lead to product spoilage, and
ultimately hinders sales.
Consumers perceive the packaged
food as poor in quality
• Moisture accumulation can lead
to spoilage
• Consumers are unlikely to purchase
foods they cannot see
Consumers want to see what they
are buying, and that is especially true
for fresh foods.
3© 2020 Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
food packaging is not only a problem of aesthetics,
but also hygiene.
In addition, there is no restriction on
their use in food contact applications, because no
Specific Migration Limit (SML) applies to them.
6© 2020 Avient Corporation, 33587 Walker Road, Avon Lake, Ohio USA 44012
ATTRACT CONSUMERS, BUT DON’T THEN
FRUSTRATE THEM: ANTI-FOGGING WITH
EASY-PEEL
Anti-fogging additives can be combined with other
functional features in films to increase the overall
customer-friendliness of a complete package.
https://www.avient.com/sites/default/files/2021-01/amendment-to-articles-commercial-registration-avient-corporation.pdf
James
S T A T E OF O H I O
C E R T I F I C A T E
Ohio Secretary of State, Frank LaRose
4463782
It is hereby certified that the Secretary of State of Ohio has custody of the business records for
and, that said business records show the filing and recording of:
AVIENT CORPORATION
United States of America
State of Ohio
Office of the Secretary of State
Witness my hand and the seal of the
Secretary of State at Columbus, Ohio this
23rd day of April, A.D. 2020.
DATE
04/23/2020
DOCUMENT ID
202011402526 NAME RESERVATION (NRO)
DESCRIPTION FILING
39.00
EXPED
100.00
CERT
0.00
COPY
0.00
Receipt
Effective Date: 04/23/2020
180 East Broad Street, 16th Floor
Columbus, OH 43215
(877) 767-6446 | (614) 466-2655
info@OhioSecretaryofState.gov
www.OhioSecretaryofState.gov
June 22, 2020
CT Corporation System
Attn: Ken Brown
4400 Easton Common Way, Suite 125
Columbus, OH 43219
Re: Preclearance of Certificate of Amendment
Dear: Mr.
https://www.avient.com/sites/default/files/2021-05/avient-responsible-care-ehs-s-policies-2021.pdf
Bob Patterson
Chairman, President, and CEO
August 1, 2020
ENVIRONMENTAL POLICY
Avient Corporation conducts its operations in an environmentally
responsible manner that is protective of the communities in which we
operate.
Bob Patterson
Chairman, President, and CEO
August 1, 2020
SAFETY & HEALTH POLICY
Avient Corporation believes safety and health are the highest corporate
priority.
Bob Patterson
Chairman, President, and CEO
August 1, 2020
Product Stewardship Policy
Product Stewardship plays a significant role in Avient’s sustainable and
ethical business practices.
https://www.avient.com/sites/default/files/2023-08/Avient General Purchase Conditions.pdf
Delivery, warranty and acceptance of
Goods
5.1 Unless explicitly agreed otherwise, the
Goods shall be delivered according to Incoterm
DAP site Avient Incoterms 2020 ®.
5.2 Delivery shall be realized in adequate
and approved packaging.
https://www.avient.com/sites/default/files/2020-10/supplier-code-of-conduct.pdf
https://www.avient.com/sites/default/files/2020-10/supplier-code-of-conduct.pdf
Avient Terms and Conditions of Purchase for Goods and/or Services
12.9 Supplier will not use forced labor, as
defined by U.S.
Additional
information is available at
https://www.cbp.gov/trade/trade-
community/programs-outreach/convict-
importations
12.10 Supplier shall responsibly source
tantalum, tin, tungsten and gold or their
derivatives (3TG metals) to ensure that the
Goods supplied to Avient do not directly or
indirectly finance or benefit armed groups in the
Democratic Republic of the Congo or an
adjoining country (the “Covered Countries”), and
to abide by Avient’s Policy Statement on Conflict
Minerals regarding Goods supplied to Avient.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520Jefferies%2520Conf%2520w%2520Non%2520GAAP%252008%252012%25202014.pdf
S&P 500
All time high of
$43.34
July 1st, 2014
PolyOne Corporation Page 8
2006 2014 YTD 2015
“Where we were” “Where we are” Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 15.2% 12 – 16%
Global Specialty Engineered
Materials 1.1% 11.8% 12 – 16%
Designed Structures & Solutions -- 7.1% 8 – 10%
Performance Products &
Solutions 5.5% 8.0% 9 – 12%
Distribution 2.6% 6.0% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 66% 65 – 75%
3) ROIC* 5.0% 9.9% 15%
4) Adjusted EPS Growth N/A 40% 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
(Est. in 2012)
PolyOne Corporation Page 9
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 10
Innovation Drives Earnings Growth
*Percentage of Specialty Platform revenue from products introduced in last five years
$20
$53
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index
Progression*
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
Specialty Vitality Index Target ≥ 35%
PolyOne Corporation Page 11
Prototype Frame
Opportunity
Scale-up &
Test Market
Build
Business Case
Commercial
Launch
Phase
1
Phase
2
Phase
3
Phase
4
Phase
5
4
11
5
10
6
9
3 4 2
15
9
1
10
4
Breakthrough
Platform
Derivative
A Rich Pipeline of Opportunity*
Number of Projects 25 14 19 17 18 93
Addressable Market
($ millions) TBD TBD $800 $450 $450 $1,700
*Pipeline as of May 29, 2014 as presented during our Innovation Day
PolyOne Corporation Page 12
Healthcare
Consumer
Packaging and Additive Technology
Transportation
Unique and Innovative Solutions
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/uD3p_bdglP/Presentation revise pics/GLS Beverage can closure XO 2.jpg
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/-YgkycKypw/Anti-Counterfeiting release & images/GN1979.JPG
PolyOne Corporation Page 13
Megatrends Aligned with Key End Markets
Decreasing
Dependence
on Fossil
Fuels
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
PolyOne Corporation Page 14
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of June 30, 2014
Debt Maturities & Pension Funding – 6/30/14
Net Debt / EBITDA* = 1.8x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Debt Maturities
As of June 30, 2014
($ millions)
Coupon Rates: 7.500% 7.375% 5.250%
** includes US-qualified pension plans only *TTM 6/30/2014
PolyOne Corporation Page 15
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 1.8 million shares in
Q2 2014
Repurchased 8.2 million
shares since early 2013
11.8 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 16
PolyOne Core Values
Innovation
Collaboration
Excellence
PolyOne Corporation Page 17
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520Credit%2520Suisse%2520w%2520non%2520GAAP%25206%252025%25202014.pdf
S&P 500
All time high of
$42.47
June 6th, 2014
PolyOne Corporation Page 9
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 10
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 11
Innovation Drives Earnings Growth
*Percentage of Specialty Platform revenue from products introduced in last five years
$20
$53
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index
Progression*
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
Specialty Vitality Index Target ≥ 35%
PolyOne Corporation Page 12
Healthcare
Consumer
Packaging and Additive Technology
Transportation
Unique and Innovative Solutions
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/uD3p_bdglP/Presentation revise pics/GLS Beverage can closure XO 2.jpg
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/-YgkycKypw/Anti-Counterfeiting release & images/GN1979.JPG
PolyOne Corporation Page 13
Megatrends Aligned with Key End Markets
Decreasing
Dependence
on Fossil
Fuels
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
PolyOne Corporation Page 14
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of March 31, 2014
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%
** includes US-qualified pension plans only *TTM 3/31/2014
PolyOne Corporation Page 15
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 16
Formula for Success
Innovation
Market
Beating
Performance
Excellence in Execution
PolyOne Corporation Page 17
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520GS%2520w%2520non%2520GAAP%25205_21_14.pdf
S&P 500
All time high of
$39.55
May 13th, 2014
Page 8
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
Page 9
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
Page 10
Innovation Drives Earnings Growth
*Percentage of Specialty Platform revenue from products introduced in last five years
Page 11
$20
$53
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
Healthcare
Consumer
Packaging and Additive Technology
Transportation
Page 12
Unique and Innovative Solutions
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/uD3p_bdglP/Presentation revise pics/GLS Beverage can closure XO 2.jpg
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/-YgkycKypw/Anti-Counterfeiting release & images/GN1979.JPG
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2014
Pension Funding**
As of March 31, 2014
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%
** includes US-qualified pension plans only *TTM 3/31/2014
Page 13
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
Page 14
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?