https://www.avient.com/sites/default/files/2022-11/Smarter Materials High Performance Thermoplastics.pdf
Following are top reasons why many manufacturers and designers choose
high-performance thermoplastics:
• High-temperature resistance • Chemical resistance
• Flame/smoke/toxicity (FST) performance • Chemically inert
PLUS, ALL
THE BENEFITS
OF PLASTIC
In addition to their elite-level properties,
high-performance thermoplastics deliver
the typical advantages of polymers over
other material types such as metal, glass and
ceramic, including:
• Light weight
• Design freedom/part consolidation
• Easy colorability
• Efficient, high-volume processing
• Elimination of secondary operations
• Enhanced product experience
for the end user
- quieter environment
- improved tactile feel
- better usability
ADVANTAGES
Going Above
and Beyond
• Amorphous structure
• High marks for toughness, chemical resistance,
hydrolytic stability, resistance to boiling water,
and extreme thermal capabilities
• Best for: aerospace interiors, hot water fittings,
and medical and dental devices that are
subjected to repeated steam sterilization
• Also used in food equipment exposed to
temperature extremes, such as coffeemakers
or freezer-to-microwave cookware
Polyaryletherketones
Polysulfones
Liquid crystal polymers
Polyetherimides
Polyphenylene sulfides
There are five
major families of
high-performance
thermoplastics
AR
YL
ET
H
KE
TO
N
ES
SU
LF
O
N
ES• Semi-crystalline structure
• High marks for thermal stability, chemical
resistance and mechanical properties over
a wide temperature range
• Better-than-average levels of combustion
resistance and electrical performance
• Some PAEK materials, like polyetheretherketone
(PEEK), are also extremely tough and have
excellent impact strength
• Best for: aerospace, automotive, industrial
and medical components
• May be used to create stock shapes such as
rods, bars, and tubes
All in the Family
PH
EN
YL
EN
E
SU
LF
ES • Semi-crystalline structure
• Excellent temperature resistance with continuous
service temperatures up to 230°C
• High marks for modulus and resistance to creep,
corrosion, and chemicals
• Above-average electrical properties
• Best for: complex parts with extremely tight
tolerances; often used as an alternative to metals
and thermosets in automotive underhood parts,
appliances, electronics, and industrial applications
Polyaryletherketones
Polysulfones
Liquid crystal polymers
Polyetherimides
Polyphenylene sulfides
There are five
major families of
high-performance
thermoplastics
ET
H
IM
ES
LI
Q
U
C
RY
ST
AL
P
O
M
S • Semi-crystalline structure
• High degree of anisotropy: strength, stiffness
and thermal expansion will be greater in one
direction vs. the other
• High marks for temperature, chemical
and electrical resistance
• Exceptional mechanical strength
and high flow rates; often used to fill
extremely long parts with thin walls
• Best for: electronic connectors, sensors,
bullet-resistant vests, jet engine enclosures,
brake and transmission friction parts, and gaskets
• Amorphous structure
• High marks for thermal, mechanical,
and chemical properties
• Often selected for demanding applications requiring
ultra-high mechanical strength combined with high
temperature, corrosion and wear resistance
• Impact resistance may be lower than
that of PSUs and PAEKs
• Best for: aerospace interiors, automotive lighting,
medical devices, and electrical and fiber optic
connectors
All in the Family
Source: https://www.craftechind.com/standard-and-custom-parts-in-high-performance-plastics/
TEMPERATURE AND MATERIAL TYPE
The two broad classifications of high-performance thermoplastics—amorphous and semi-crystalline—
have different temperature characteristics.
https://www.avient.com/sites/default/files/2025-03/65536-Certificate-05MAR2024.pdf
Industrial Valle del Cinca S/N
Apartado , E-22300 Barbastro, Spain
Avient Corporation Design and Manufacture of Colorants and Compounds for Fluoropolymer
and High Temperature Polymers.
19 Francis J Clark Circle Bethel CT
06801 United States
Avient Corporation Design and Manufacture of Colorants and Additives for Plastics 03 Street 02, VSIP 820000 Thuận An
Binh Duong Vietnam
Avient Corporation Design and Manufacture of Colorants and Additives for Plastics Lot 1232, MK. 15, Kawasan Industri,
Kecil & Sederhana Butterworth
Penang 14120 Malaysia
Avient Corporation Design and Manufacture of Colorants and Additives for Plastics Autopista Medellín Km 2.5, Via
Parcelas Km 1, Vereda Siberia ,
250017 Cota, Colombia
Ihsan Dede Cad. , 41448 Gebze,
Türkiye
Avient Corporation Design and Manufacture of Colorants and Additives for Plastics 2#, Nanyunsan Rd, Huangpu District,
Science City, Guangzhou Hi-Tech
Industrial Development Zone ,
510663 Guangzhou,
Avient Corporation Design and Manufacture of Colorants and Additives for Plastics Avenida 34-11, Zona 12 Complejo
Parque Gobal , 01012 Guatemala
City, Guatemala
Avient Corporation Design and Manufacture of Specialty Engineered Thermoplastics Orhangazi Mah. 1683 Sok.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
482196_DCOV.pdf
U N I Q U E S O LU T I O N S
D I S T I N G U I S H E D P E R FO R M A N C E
PO
LYO
U
L
REPO
RT
20
12
PolyOne Corporation,
with 2012 revenues of $3 billion,
is a premier provider of specialized
polymer materials, services and solutions.
In millions) 2012 2011 2010 2012 2011 2010
Components of net periodic
benefit costs (gains):
Service cost $ 1.5 $ 1.6 $ 1.6 $ — $ — $ —
Interest cost 27.2 28.3 29.7 0.8 1.0 1.2
Expected return on plan
assets (27.6) (29.2) (26.2) — — —
Amortization of prior
service cost — 0.2 0.8 (17.4) (17.4) (17.4)
Mark-to-market actuarial
net losses (gains) 44.0 83.4 10.6 (2.0) 0.4 (1.0)
Other — — — — — 0.2
Net periodic benefit cost (gain) $ 45.1 $ 84.3 $ 16.5 $ (18.6) $ (16.0) $ (17.0)
Weighted-average assumptions used to determine net periodic benefit cost for the years ended
December 31:
2012 2011 2010 2012 2011 2010
Discount rate 5.11% 5.71% 6.17% 4.66% 5.07% 5.61%
Expected long-term return on plan
assets 8.43% 8.50% 8.50% — — —
Assumed health care cost trend
rates at December 31:
Health care cost trend rate
assumed for next year N/A N/A N/A 8.35% 8.50% 9.25%
Rate to which the cost trend
rate is assumed to decline
(the ultimate trend rate) N/A N/A N/A 5.00% 5.00% 5.00%
Year that the rate reaches the
ultimate trend rate N/A N/A N/A 2019 2018 2016
The expected long-term rate of return on pension assets was determined after considering the
historical experience of long-term asset returns by asset category, the expected investment portfolio
mix and estimated future long-term investment returns.
WULFSOHN
Chief Executive Officer, Carpenter
Technology Corporation
Committee: 2
1
U N I Q U E S O LU T I O N S
D I S T I N G U I S H E D P E R FO R M A N C E
PO
LYO
U
L
REPO
RT
20
12
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Annual%2520Report.pdf
A
L
R
T
2
0
17
A N N U A L R E P O R T 2 0 1 7
C R E AT I N G A
WO R L D - C L A S S ,
S U S TA I N A B L E
O R G A N I Z AT I O N
PolyOne Corporation (NYSE: POL), with 2017 revenues of $3.2 billion, is a premier provider of specialized polymer
materials, services and solutions.
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
Pension Benefits Health Care Benefits
2017 2016 2015 2017 2016 2015
Discount rate* 3.97% 4.10% 3.88% 4.04% 4.12% 3.75%
Expected long-term return on plan assets* 6.08% 6.87% 6.87% —% —% —%
Assumed health care cost trend rates at December 31:
Health care cost trend rate assumed for next year N/A N/A N/A 6.52% 6.69% 6.88%
Rate to which the cost trend rate is assumed to decline
(the ultimate trend rate) N/A N/A N/A 4.50% 4.50% 4.50%
Year that the rate reaches the ultimate trend rate N/A N/A N/A 2027 2027 2027
* The mark-to-market component of net periodic costs is determined based on discount rates as of year-end and actual asset returns during the
year.
SCHUERING
Vice President, Global Key
Account Management
JAMES N.
https://www.avient.com/sites/default/files/2023-10/2023 Hammerhead Application _ Install Guide.pdf
GL
AS
S/
EP
OX
Y
TA
B
M
AT
ER
IA
L
N
O
T
AB
BREAK
Hammerhead with
5 lb/ft3 (80 kg/m3)
420 lbs
191 kg
Hammerhead with
7 lb/ft3 (115 kg/m3)
2 in
370 lbs
168 kg
Hammerhead with
8 lb/ft3 (135 kg/m3)
332 lbs
151 kg
984 lbs
446 kg
Glass/Polyester
with Balsa Core
1298 lbs
589 kg
Hammerhead with
5 lb/ft3 (80 kg/m3)
Core Density -
ITW Plexus
MA420 Adhesive
NA 501 lbs
227 kg
Hammerhead with
7 lb/ft3 (115 kg/m3)
Core Density -
ITW Plexus MA420
Adhesive
NA 839 lbs
381 kg
Hammerhead with
8 lb/ft3 (135 kg/m3)
Core Density -
ITW Plexus
MA420 Adhesive
NA 1156 lbs
524 kg
Hammerhead with
8 lb/ft3 (135 kg/m3)
Core Density -
Crestomer
1152PA Adhesive
NA 1530 lbs
694 kg
Hammerhead with
8 lb/in3 (135 kg/m3)
Core Density -
Crestomer
M1-30 Adhesive
NA 1471 lbs
667 kg
Mixed Conditions
ADHESIVE
DESCRIPTION
ADHESIVE
GRADE MANUFACTURER
AVERAGE
BOND
STANDARD
DEVIATION
FAILURE
MODE
BEST ADHESION
2k Urethane 75421 Lord 2281 psi
15.73 MPa
184 psi
1.27 MPa
Substrate
Cohesive
2k Acrylic SA1-705 GRY1 AccraLock 2211 psi
15.24 MPa
78 psi
0.54 MPa Substrate
2k Acrylic Plexus MA420 ITW 2171 psi
14.97 MPa
262 psi
1.81 MPa Substrate
2k Acrylic SA10-05 Blk1 AccraLock 2102 psi
14.49 MPa
138 psi
0.95 MPa Substrate
2k Urethane 75451 Lord 2047 psi
14.11 MPa
68 psi
0.47 MPa Cohesive
2k Acrylic SA1-705 GRY 1:2 AccraLock 1966 psi
13.56 MPa
68 psi
0.47 MPa Substrate
2k Acrylic Scotchweld 8010 3M 1907 psi
13.15 MPa
61 psi
0.42 MPa Adhesive
Cyanoacrylate Gorilla Glue Gorilla Glue 1885 psi
13.00 MPa
432 psi
2.98 MPa Cohesive
2k Acrylic Crestabond PP-04 Scott Bader 1873 psi
12.91 MPa
281 psi
1.94 MPa Substrate
2k Acrylic SA10-05 Blk 10:2 AccraLock 1779 psi
12.27 MPa
127 psi
0.88 MPa Cohesive
2k Urethane 75422 Lord 1716 psi
11.83 MPa
190 psi
1.31 MPa
Cohesive
Adhesive
2k Urethane 75452 Lord 1535 psi
10.58 MPa
98 psi
0.68 MPa Adhesive
2k Methacrylate Polyfuse Icon
Containment
1610 psi
11.10 MPa
98 psi
0.68 MPa Adhesive
INTERMEDIATE ADHESION
2k Acrylic FA10-05 Blk
C010817 AccraLock 724 psi
4.99 MPa
58 psi
0.40 MPa Cohesive
2k Acrylic FA10-05 Blk1 AccraLock 722 psi
4.98 MPa
44 psi
0.30 MPa Cohesive
2k Epoxy Loctite Epoxy
Instant Mix Loctite 508 psi
3.50 MPa
81 psi
0.56 MPa Adhesive
2k Epoxy Gorilla Glue Epoxy Gorilla Glue 341 psi
2.35 MPa
198 psi
1.37 MPa Adhesive
NOT RECOMMENDED
2k Epoxy Loctite Epoxy
Marine Loctite 0 0 No bond
ADHESIVE SELECTION
Brands identified are owned by the manufacturers of the adhesive products.
1 surface sanded with 220 grit scuff prep 2 surface primed with 459T
FASTENER TYPE BENEFITS CONSIDERATIONS
Through-Bolting Best mechanical
locking system
Need back side
access to panel
Screw-In Anchor Highest pullout
strength Requires pilot hole
Cup Washer Spreads
compressive load
Requires relief hole;
For substructure and
hard point attachment
Wide Grip
(Bulb-Style)
Rivet
Ease of use—no
installation torque
limitations
For lower
load attachments
Sheet Metal or
Wood Screw
Readily available,
low cost
Penetrate both skins
for improved pullout
Shoulder Washer Limits
compressive load
Requires relief hole;
For substructure and
hard point attachment
For more information on installation, adhesives, and fasteners
for specific applications, please contact Avient.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Investor%2520Day%25205-18-15.pdf
Rodriguez
Senior Vice President and
Chief Human Resources Officer
Richard N.
Richardson
Executive Vice President and
Chief Financial Officer
PolyOne Corporation Page 71
Who We Are Growing With
PolyOne Corporation Page 72
2014 Awards and Recognitions
PolyOne Corporation Page 73
2014 Financial Highlights
$131
$151
$191
$262
$320
Adjusted Operating
Income
$0.68
$0.82
$1.00
$1.31
$1.80
Adjusted EPS
($ millions)
PolyOne Corporation Page 74
2006 2015 Target 2014
“Where we were” (Est. in 2012) “Where we are”
Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12 – 16% 14.7%
Global Specialty Engineered Materials 1.1% 12 – 16% 12.1%
Designed Structures & Solutions 1.4%(2012) 8 – 10% 7.3%
Performance Products & Solutions 5.5% 9 – 12% 7.7%
Distribution 2.6% 6 – 7.5% 6.1%
Specialty Platform % of
Operating Income 6.0% 65 – 75% 65%
ROIC 5.0% 15% 11.3%
Adjusted EPS Growth N/A Double Digit
Expansion 37%
Proof of Performance & 2015 Targets
PolyOne Corporation Page 75
2,883
2,565
2006 2014
Volume
(lbs in millions)
-11%
$219
$451
2006 2014
Commercial Investment
($M)
+105%
$303
$770
2006 2014
Adjusted
Gross Margin ($M)
+154%
*Total SG&A
Ours is Not a Cost Cutting Story
Investment in
Commercial Resources…
Drives Mix Improvement AND
Gross Profit $$ Expansion
PolyOne Corporation Page 76
Financial Strength
$76
$222
$154
$105
$176 $179
$230
2008 2009 2010 2011 2012 2013 2014
Adjusted Cash Flow from
Operations
($ in millions)
18.9%
11.7%
9.6% 9.6%
10.8% 10.9%
9.9%
2008 2009 2010 2011 2012 2013 2014
Working Capital %
of Sales
PolyOne Corporation Page 77
Financial Flexibility
$49
$317
$600
2015 2020 2023
Debt Maturities
As of December 31, 2014
($ millions)
Coupon: 7.500% 7.375% 5.250%
2.6x
2.0x
1.8x
1.9x
2011 2012 2013 2014
Net Debt / Adjusted EBITDA
PolyOne Corporation Page 78
Shares
Purchased
(M)
2012 1.2
2013 5.0
2014 6.3
Cash to Generate Value
Expand marketing,
commercial and technical
capabilities
Leverage supplier
partnerships for
innovation
Organic
Growth
Acquisitions
Share
Repurchases
Dividends
$0.16
$0.20 $0.24
$0.32
$0.40
$0.10
$0.20
$0.30
$0.40
$0.50
2011 2012 2013 2014 2015
Annual Dividend Targets that expand:
• Specialty offerings
• End market
presence
• Geographic
breadth
PolyOne Corporation Page 79
PolyOne Corporation Page 80
PolyOne Corporation Page 81
2020 Platinum Vision
Robert M.
S&P 500
-100%
200%
300%
400%
500%
600%
POL S&P 500
PolyOne Corporation Page 85
Formula for Success
Innovation
Market
Beating
Performance
Excellence in Execution
PolyOne Corporation Page 86
Track Record of Successful Acquisitions
$12
$50
2007 2014
$22
$39
2012 2014
$24
$69
2012 2014
GLS ColorMatrix Spartech
OI in $ millions
PolyOne Corporation Page 87
Driving Toward Premier Profitability
EBIT Margins for top tier
companies
Victrex 41%
18% Albemarle
Eastman 17%
Hexcel 17%
FMC 16%
Ecolab 14%
12% Specialty EBIT Margin – 2014
IFF 19%
Celanese 13%
PolyOne Corporation Page 88
2006 2014 2020
“Where we were” “Where we are” Platinum Vision
Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 14.7% 20%+
Global Specialty Engineered Materials 1.1% 12.1% 20%+
Designed Structures & Solutions 1.4%(2012) 7.3% 12 – 14%
Performance Products & Solutions 5.5% 7.7% 10 – 12%
Distribution 2.6% 6.1% 6.5 – 7.5%
Specialty Platform % of
Operating Income 6.0% 65% 80%+
ROIC 5.0% 11.3% 15%
Adjusted EPS Growth N/A 37% Double Digit
Expansion
2020 Platinum Vision
PolyOne Corporation Page 89
Platinum Vision: Pathway to Accelerated Growth
Organic
Sales Growth
Margin
Expansion
Share
Repurchases
Acquisitions
PolyOne Corporation Page 90
2006 2010 2014 2020
Driving Toward a Premium Specialty Multiple
6x
4x
Commodity POL
8x
Hybrid
10x
14x+
Mid-Tier
Specialty
Premium
Specialty
M
ul
tip
le
POL
POL
POL
PolyOne Corporation Page 91
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2020-03/polyone-2019-annual-report.pdf
D
geopolitical climate and frequent discord, globa
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FROM PRODUCTS INTRODUCED
IN THE LAST 5 YEARS
of specialty
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Photos: Last year PolyOnOne be bro
facility in Chuzhou, u, ChChina.
74424.indd main_9 3/16/20 12:25 PM
Annual Report | 2019 10
P L A N E T
74424.indd main_10 3/16/20 12:25 PM
11 Annual Report | 2019
Photos: Solar Panels at Pune, India (above) and Windmills at
Assesse, Belgium facilities (below)
The need to take care of our precious
planet has never been more important.
For Unit
1.8
1.4
.6
.2
2007 2010 2013 20
M
IL
U
.
74424.indd main_13 3/16/20 12:26 PM
Annual Report | 2019 14
P E R F O R M A N C E
74424.indd main_14 3/16/20 12:26 PM
15 Annual Report | 2019
11%
INCREASE IN DIVIDEND
STOCK PRICE INCREASE
+32%
SHARES REPURCHASED
1.0Million
2.50
2.25
2.00
1.75
1.50
1.25
1.00
0.75
0.50
0.25
10 Years of Adjusted Earnings Per Share Growth
$
U
.
LEADERSHIP
2020
2 0
%
B Y 2 0 2 0
W
E N O N B O
A R
Corporate Off icers as of December 31, 2019
74424.indd 18 3/16/20 12:26 PM
POLYONE.COM
Challenge Accepted.
74424.indd 19 3/16/20 12:26 PM
https://www.avient.com/sites/default/files/2021-01/w9-avient-corporation-july-2020.pdf
S
ee
S
c
if
ic
I
s
tr
u
c
ti
s
o
n
ag
e
3.
1 Name (as shown on your income tax return).
https://www.avient.com/sites/default/files/resources/Innovation%2520Day%2520-%2520May%25202014.pdf
Patterson
12:00-1:00 PM Lunch
PolyOne Corporation Page 7
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
• 18 consecutive
quarters of double-
digit adjusted EPS
growth
• Shift to faster
growing, high
margin, less cyclical
end markets
• Key acquisitions
propel current and
future growth, as
well as margin
expansion
• Established
aggressive 2015
targets
• Continue specialty
transformation
• Targeting $2.50
adjusted EPS by
2015, nearly double
2013 EPS
• Drive double digit
operating income
and adjusted EPS
growth
PolyOne Corporation Page 8
Specialty
54%
PP&S
Distribution
28%
2013 Revenues: $3.8 Billion 2013 Revenues: $3.8 Billion
United
States
67%
Latin
America
$13
$31
$46 $46
$92 $96
$122
$195
$0
$50
$100
$150
$200
2006 2007 2008 2009 2010 2011 2012 2013
End Markets Specialty Operating Income
PolyOne At a Glance
Building &
9%
HealthCare
11% Appliance
Electronics &
Electrical
PolyOne Corporation Page 9
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
2%
34%
43%
62% 64%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 Q1 2014 2015
%
o
f
O
p
e
ra
ti
n
g
I
n
c
o
m
e
*
JV's Performance Products & Solutions Distribution Specialty
65-75%
Specialty OI $5M $46M $87M $195M $60M Target
Mix Shift Highlights Specialty Transformation
2015
Target
PolyOne Corporation Page 10
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 11
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
450.00%
550.00%
PolyOne S&P 500
Strategy and Execution Drive Results
$0.12
$0.27
$0.21
$0.13
$0.68
$0.82
$1.00
$1.31
'06 '07 '08 '09 '10 '11 '12 '13
‘06-‘13 EPS CAGR = 41%
EPS Share Price vs.
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.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Goldman%2520Sachs%2520Basic%2520Materials%2520Conference%2520-%2520May%25202016.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 – 2015 2016 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 $1.96
• 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
• 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
Confirmation of Our Strategy
The World’s Premier Provider of Specialized
Polymer Materials, Services and Solutions
Specialization Globalization
Operational
Excellence
Commercial
Excellence
Associates
PolyOne Corporation Page 6
26 Consecutive Quarters of EPS Growth
PolyOne Corporation Page 7
2015 Revenues: $3.4 Billion
End Markets
2015 Revenues: $3.4 Billion
PolyOne
At A Glance
$0.12
$0.27 $0.21 $0.13
$0.68
$0.82
$1.00
$1.31
$1.80
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Adjusted EPS
66%
Building &
10%Electrical &
Textiles
$1.96
Distribution
29%
PP&S
CAI
23%
SEM
15%DSS
PolyOne Corporation Page 8
Old
PolyOne
*Operating Income excludes corporate charges and special items
43%
65%
0%
40%
80%
2005 2010 2015 2020
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
80%+
Specialty OI $5M $87M $229M
Mix Shift Highlights Specialty Transformation
Transformation
2020
PolyOne Corporation Page 9
Color and Engineered Materials at the
Heart of Specialty Transformation
OPERATING MARGIN
1.7%
4.6% 5.1% 5.5%
7.2%
8.1%
12.2%
16.7% 17.0%
COLOR, ADDITIVES
AND INKS
1.1% 1.3%
3.4%
5.1%
9.6%
8.0%
8.6%
9.3%
12.1%
16.6%
SPECIALTY
ENGINEERED MATERIALS
PolyOne Corporation Page 10
2006 1Q 2016 2020
“Where we were” “Where we are” Platinum Vision
1) Operating Income %
Specialty:
Color, Additives & Inks 1.7% 17.0% 20%+
Specialty Engineered Materials 1.1% 16.6% 20%+
Designed Structures & Solutions N/A 2.5% (TTM) 8 – 10%
Performance Products &
Solutions 5.5% 11.9% 12 – 14%
Distribution 2.6% 6.5% 6.5 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 61% 80%+
3) ROIC* 5.0% 12.0% 15%
4) Adjusted EPS Growth N/A 22% Double Digit
Expansion
Proof of Performance & 2020 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 11
Therma-Tech™ & Sheet
GEON™ Vinyl
Polymer ColorantsTherma-Tech™
TPE’s & Film
TPE + OnForce™
Gravi-Tech™
Page 11
Film
Target End Markets… Healthcare
PolyOne Corporation Page 12
TPE + OnForce
OnForce
TPE Vibration Dampening
(SEM/GLS)
TPE & Film
(SEM + DSS)
Polymer Colorants
(CAI)
Thermatech
Thermoplastic Elastomers
TPE + OnForce
OnForce
Thermoplastic Elastomers
Polymer Colorants
(CAI)
Sheet
(DSS)
Source: Outdoor Industry Association
Target End Markets… Outdoor High Performance
PolyOne Corporation Page 13
Sound & Vibration
Management
Fuel Handling
Systems
Interior & Exterior Trim
Structural Braces
& Brackets
Interior Structural
Components
Lighting
Air management
Electronics & Cameras
Fluid Handling
Target End Markets… Automotive
Underhood
Components
Roof Systems
PolyOne Corporation Page 14
Target End Markets… Packaging
PreservaPak™
OnColor™
Smart Batch™
VersaFlex™
TPE Cap Liner
ColorMatrix™
Amosorb™
Oxygen Scavenger
ColorMatrix™
Ultimate™ UV
Light Barrier
OnCap™
Laser Marking
Additives
PolyOne Corporation Page 15
Innovation Drives Earnings Growth
*Specialty Platform revenue from products introduced in last five years
$53
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
34%
CAI & SEM
Gross Margin
43%
Target ≥ 35%
Innovation Pipeline Potential
PolyOne Corporation Page 16
2,883
2,414
Volume
(lbs in millions)
-16%
$103
$192
Commercial, R&D
and Marketing
Spending ($M)
+86%
$303
$721
Adjusted
Gross Profit ($M)
+138%
Ours is Not a Cost Cutting Story
PolyOne Corporation Page 17
Design and Service as a Differentiator
Right Material &
Color
Desired
Product Design
Appropriate
Manufacturing Process
Delivering Concept to
Commercialization
Connecting
the Dots with
iQ Design Labs and
InVisiO Color Design
PolyOne Corporation Page 18
Customer First Through World-Class Service
Strengthening relationships through:
Providing LSS services to small/medium sized customers
Providing training in Customer Centric Selling Skills with customers
World’s Best Business
Process Excellence
Program in 2012*
World’s Best Start-up
program for Lean Six Sigma
Deployment in 2009*
81%
93%
16.2%
On-Time Delivery
Working Capital % of Sales
52% of associates trained in LSS
Five consecutive years – CFO Magazine Best Working
Capital Management in the chemical industry
Commitment to Operational Excellence
PolyOne Corporation Page 19
30%
40%
50%
70%
80%
90%
2008 1Q 2016
Pension Funding**
As of March 31, 2016
Debt Maturities & Pension Funding
Net Debt / Adjusted EBITDA*= 2.5x
** includes US-qualified pension plans only*TTM 3/31/2016
$550
$600
$200
$300
$400
$500
$600
$700
$800
2022 2023
Debt Maturities
As of March 31, 2016
($ millions)
Coupon Rate: 3.750% 5.250%
PolyOne Corporation Page 20
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales,
marketing, and
technical capabilities
Investing in operational
and LSS initiatives
~75% of capital
expenditures fund
growth initiatives Organic
Growth
Acquisitions
Share
Repurchases
Dividends
$0.16
$0.20
$0.32
$0.40
$0.48
$0.10
$0.20
$0.30
$0.40
$0.50
2011 2012 2013 2014 2015 2016
Annual Dividend
Targets that expand
our:
• Specialty offerings
• End market
presence
• Geographic breadth
Synergy opportunities
Adjacent material
solutions
Repurchased
1.5 million shares in
Q1 2016
Repurchased 17.3
million shares since
early 2013
10.0 million shares are
available for
repurchase under the
current authorization
$0.24
PolyOne Corporation Page 21
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
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 22
Appendix
PolyOne Corporation Page 23
$0.24
$0.31
$0.44 $0.46
$0.56
$0.00
$0.25
$0.50
$0.75
1Q'12 1Q'13 1Q'14 1Q'15 1Q'16
Adjusted EPS
1Q 2016 Financial Highlights
Performance Products & Solutions
operating margin grew 540 basis
points year-over-year to 11.9%
Distribution operating margin
expanded 60 basis points to a record
first quarter level of 6.5%
First quarter adjusted EPS has
grown on average 24% per year
since 2012
$11
$0
$5
$10
$15
$25
1Q'15 1Q'16
PP&S Operating Profit
$16
$18
$10
$12
$14
$16
$18
1Q'15 1Q'16
POD Operating Profit
Note: $ in millions, except per share data
PolyOne Corporation Page 24
1.7%
4.6% 5.1% 5.5%
7.2% 8.1%
12.2%
16.7% 17.0%
Color, Additives and Inks
2015 Revenues: $0.8 Billion Solutions
Expanding Profits2015 Revenue by Industry Segment
48%
33%
Building &
Electrical &
1%
31%
Textiles
PolyOne Corporation Page 25
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6% 9.3%
16.6%
Specialty Engineered Materials
2015 Revenues: $0.5 Billion Solutions
2015 Revenue by Industry Segment Expanding Profits
12.1%
49%
29%
Building &
Electrical &
19%
15%
PolyOne Corporation Page 26
1.4%
5.6%
7.3%
3.0%
8-10%
0.4%
2012 2013 2014 2015 1Q'16 2020
Designed Structures and Solutions
Solutions2015 Revenues: $0.5 Billion
Expanding Profits2015 Revenue by Industry Segment
Appliances,
Building &
Construction
Industrial
24%
Packaging
19%
Transportation
33%
97%
PolyOne Corporation Page 27
Building &
31%
Electrical &
1%
5% Transportation
19% Wire & Cable
5.5%
6.9%
3.8% 3.6%
5.5%
4.3%
6.3%
7.2%
8.3%
12-14%
Performance Products and Solutions
Solutions
Expanding Profits
2015 Revenues: $0.7 Billion
11.9%
2015 Revenue by Industry Segment
7.7%
79%
PolyOne Corporation Page 28
2.6%
3.0%
3.5%
4.0%
4.6%
5.6%
6.4% 5.9%
6.6%
6.5-7.5%
6.5%
15%
54%
2006 1Q 2016
Distribution
Key Suppliers2015 Revenues: $1.0 Billion
ROIC Expanding Profits
6.1%
Building &
4%Consumer
Electrical &
23%
24%
http://www.avient.com/Pages/VariationRoot.aspx
http://www.avient.com/Pages/VariationRoot.aspx
PolyOne Corporation Page 29
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 30
Application Examples
PolyOne Corporation Page 31
Outdoor Applications
• Leading provider of high performance
specialty materials for the recreational
and sports & leisure industry
• Well positioned across all segments to
address market needs
Metal to Polymer Conversion
Lightweighting
Thermal Management
Impact Performance
Source: Outdoor Industry Association
PolyOne Corporation Page 32
$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 33
• 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 34
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 35
• Color harmonization across
15 unique color-and-polymer
combinations
• Eliminated need for multiple pre-
colored materials
• Reduced Land Rover’s working
capital
Range Rover Evoque Interior
PolyOne Corporation Page 36
• Reduced health and
environmental impact
• System cost reduction
• Radiation-shielding
performance
• Parts consolidation
• Design freedom
CT Scanner
PolyOne Corporation Page 37
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 38
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.
1
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Below is a reconciliation of non-GAAP financial measures to the most directly comparable measures calculated and presented in accordance with U.S.