https://www.avient.com/sites/default/files/resources/IR_Deck_11.4.19.pdf
Cable jacket/sheath– Made of
PE or PVC
9
Fiber-Line Product
PolyOne Materials
F I B E R O P T I C A L G R O W T H D R I V E R S
PolyOne Corporation 20
5G Networks
Enable lower latency, greater
flexibility & efficiency
Installation of these networks are
in the very early stages
Installation will start in urban
hubs and will continue to expand
into suburban and rural areas
By 2025, only 14% of the world
will have 5G connections
Growth is expected over multi-
year period
5G technology will be a leading growth driver in fiber optic cable for several years
10x
Speed Increase
&
8x
More Antennae Required
5G vs. 4G
PolyOne Corporation 21
Safety Technology Geography Service FinancialPeople
Low EH&S
risk profile
New and
complementary
technologies
Leverage our
global footprint
Strong
customer
relationships
Foundational
operating
margins of
8-10% with
ability to double
Motivated team
with a specialty
culture
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 22
Capture
sourcing
synergies
Cross-sell
& blend
technology
8-10%
operating
margins
I N V E S T - T O - G R O W M & A P L A Y B O O K
Protect
customers
Retain
employees
Implement LSS to
drive efficiency
improvements
Innovate with
combined
portfolio
Safety
First!
https://www.avient.com/sites/default/files/2019-12/Fermium_IR_Deck_12.16.19_for_Website.pdf
Cable jacket/sheath– Made of
PE
9
Fiber-Line Product
PolyOne Materials
F I B E R O P T I C A L G R O W T H D R I V E R S
PolyOne Corporation 20
5G Networks
Enable lower latency, greater
flexibility & efficiency
Installation of these networks are
in the very early stages
Installation will start in urban
hubs and will continue to expand
into suburban and rural areas
By 2025, only 14% of the world
will have 5G connections
Growth is expected over multi-
year period
5G technology will be a leading growth driver in fiber optic cable for several years
10x
Speed Increase
&
8x
More Antennae Required
5G vs. 4G
PolyOne Corporation 21
Safety Technology Geography Service FinancialPeople
Low EH&S
risk profile
New and
complementary
technologies
Leverage our
global footprint
Strong
customer
relationships
Foundational
operating
margins of
8-10% with
ability to double
Motivated team
with a specialty
culture
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 22
Capture
sourcing
synergies
Cross-sell
& blend
technology
8-10%
operating
margins
I N V E S T - T O - G R O W M & A P L A Y B O O K
Protect
customers
Retain
employees
Implement LSS to
drive efficiency
improvements
Innovate with
combined
portfolio
Safety
First!
https://www.avient.com/sites/default/files/2022-04/Avient Acquisition of Dyneema and Q1 2022 Results_0.pdf
Morgan
• New Senior Secured Term Loan B and new Senior
Unsecured Notes
• Potential proceeds from sale of Distribution business
modeled to pay off 5.25% senior notes due 2023 and
Term Loan
• Acquisition aligned with Avient’s track record of
disciplined capital allocation policy
• Existing dividend policy maintained, focus on
deleveraging in the near term
(1)
(1) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution,
including repayment of senior notes due 2023 and Term Loan
Cash and Cash Equivalents 595$
Senior Secured Term Loan due 2026 605$
New Senior Secured Term Loan B 500
Total Senior Secured Debt 1,105$
Senior Unsecured Notes due 2025 650$
New Senior Unsecured Notes 740
Total Senior Unsecured Debt 1,390$
Total Debt 2,495$
Net Debt 1,900$
2022 Pro forma Adjusted EBITDA 660$
Net Debt / Adjusted EBITDA 2.9x
Pro Forma Capitalization
(2022 estimates, all figures in $M)
T WO - Y E A R L E V E R AG E G OA L
24
3.5x
2.7x
1.7x
2.9x
2.5x
2.2x
2019PF 2020PF 2022E 2022PF 2023E 2024E
Dyneema® AcquisitionClariant Color Acquisition
(1) Pro forma for the acquisition of the Clariant Color business
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of
Distribution, including repayment of senior notes due 2023 and Term Loan
(1) (1) (2)
25
P RO F O R M A M O D E L I N G
2022E Pro Forma Pro Forma
($M) w/ Dyneema w/Sale
Revenue 5,100$ 415$ 5,515$ (1,775)$ 3,740$
Adjusted EBITDA 635 130 765 (105) 660
EBITDA % 12% 31% 14% 6% 18%
Pro Forma EPS (Adjusted) 3.50$ 0.00$ 3.50$ (0.56)$ 2.94$
Pro Forma EPS (excl. amortization) 3.96$ 0.35$ 4.31$ (0.56)$ 3.75$
Leverage (12/31/2022E)
Net Debt / Adjusted EBITDA 1.7x 3.5x 2.9x
Avient Dyneema Distribution® ®
OUR SPECIALTY JOURNEY
AC Q U I S I T I O N H I S TO RY
27
Commercial
Resources(1)
Operating Income
($ in millions)
Operating Margins
259
360
At Acquisition 2021
$40
$122
At Acquisition 2021
9%
21%
At Acquisition 2021
Established Acquisitions
(> 7 years)
+ 39% + 210% + 1200 bps
(1) Commercial Resources include associate headcount in R&D / Technical, Marketing and Sales
C L A R I A N T C O LO R AC Q U I S I T I O N
28
$133
$205
2019PF 2021
28
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• $54 million of synergies realized in 2021
• Acquisition completed on July 1, 2020 for $1.45 billion.
https://www.avient.com/sites/default/files/2024-12/AVNT Investor Day 2024 Presentation.pdf
All Rights Reserved
2024 61
History of balanced capital deployment
$0
.1
6
$0
.2
0 $0
.2
6 $0
.3
4 $
0.
42
$0
.5
0 $
0.
58
$0
.7
2 $0
.7
9
$0
.8
2 $0
.8
8 $0
.9
6
$1
.0
0
$1
.0
3
$1
.0
8
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend
$ per shareAdj.
https://www.avient.com/sites/default/files/resources/September%2520Investor%2520Presentation.pdf
Cable jacket/sheath– Made of
PE or PVC
9
Fiber-Line Product
PolyOne Materials
F I B E R O P T I C A L G R O W T H D R I V E R S
PolyOne Corporation 22
5G Networks
Enable lower latency, greater
flexibility & efficiency
Installation of these networks are
in the very early stages
Installation will start in urban
hubs and will continue to expand
into suburban and rural areas
By 2025, only 14% of the world
will have 5G connections
Growth is expected over multi-
year period
5G technology will be a leading growth driver in fiber optic cable for several years
10x
Speed Increase
&
8x
More Antennae Required
5G vs. 4G
PolyOne Corporation 23
Safety Technology Geography Service FinancialPeople
Low EH&S
risk profile
New and
complementary
technologies
Leverage our
global footprint
Strong
customer
relationships
Foundational
operating
margins of
8-10% with
ability to double
Motivated team
with a specialty
culture
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 24
Capture
sourcing
synergies
Cross-sell
& blend
technology
8-10%
operating
margins
I N V E S T - T O - G R O W M & A P L A Y B O O K
Protect
customers
Retain
employees
Implement LSS to
drive efficiency
improvements
Innovate with
combined
portfolio
Safety
First!
https://www.avient.com/sites/default/files/2021-10/microbial-susceptibility-of-various-polymers-and-evaluation.pdf
The global
antimicrobial plastics market is forecasted to grow signifi-
cantly from 36.9 billion to 59.8 billion USD during 2020–
2025, a compound annual growth rate of 10.1%.[3] Similar
to the specialty biocides market, the outbreak of COVID-
19 has undoubtedly increased consumer cognizance of
high-touch plastic surfaces (e.g., phone cases, point-of-
purchase equipment, shopping carts, etc.).
https://www.avient.com/sites/default/files/2020-10/2019-avient-sustainability-report.pdf
Globalization
Positions us to ser ve our customers consistently,
ever ywhere in the world.
The Avient
Ethics Hotline ser ves as a mechanism for associates to anonymously report any
concerns regarding such decisions.
For example, an EU directive for use of recycled PET
(rPET) in beverage bottles will increase from 25 percent in 2025 to 30
percent in 2030.
https://www.avient.com/knowledge-base/article/injection-molding-mold-processing
Feb 10, 2025
https://www.avient.com/sites/default/files/resources/PolyOne%2520Proxy%2520Statement%25202016.pdf
Option
Exercise
Price
($)
(e)
Option
Expiration
Date
(f)
Market
Value of
Shares or
Units of
Stock That
Have Not
Vested
($)
(h)
Equity Incentive Plan
Awards: Market or
Payout Value of
Unearned Shares,
Units or Other Rights
that Have Not Vested
($)
(j)
- - 14,650 (1) 465,284 -
- - 25,724 (2) 816,994 -
- - 8,384 (3) 266,276 -
- - 24,306 (4) 771,959 -
- - - 25,724 (9) 816,994
- - - 50,991 (10) 1,619,474
- - - 50,991 (10) 1,619,474
30,500 (12) 14.81 2/16/2021 - -
48,800 (13) 14.61 2/14/2022 - -
20,467 (14) 10,233 (14) 23.08 2/15/2023 - -
6,834 (15) 6,833 (15) 6,833 (15) 35.07 2/11/2024 - -
66,700 (16) 38.27 2/4/2025 - -
- - 20,490 (5) 650,762 -
- - 7,157 (3) 227,306 -
- - 6,788 (4) 215,587 -
5,800 (15) 5,800 (15) 5,800 (15) 35.07 2/11/2024 - -
18,700 (16) 38.27 2/4/2025 - -
- - 64,981 (1) 2,063,797 -
- - 102,877 (6) 3,267,374 -
- - 37,201 (3) 1,181,504 -
91,334 (14) 45,666 (14) 23.08 2/15/2023 - -
30,334 (15) 30,333 (15) 30,333 (15) 35.07 2/11/2024 - -
- - 6,504 (1) 206,567 -
- - 4,294 (3) 136,377 -
- - 25,551 (7) 811,500 -
- - 4,052 (4) 128,692 -
- - - 25,551 (11) 811,500
9,134 (14) 4,566 (14) 23.08 2/15/2023 - -
3,467 (15) 3,467 (15) 3,466 (15) 35.07 2/11/2024 - -
- 11,200 (16) 38.27 2/4/2025 - -
- - 6,504 (1) 206,567 -
- - 3,579 (3) 113,669 -
- - 3,446 (4) 109,445 -
23,300 (13) 14.61 2/14/2022 - -
9,134 (14) 4,566 (14) 23.08 2/15/2023 - -
2,900 (15) 2,900 (15) 2,900 (15) 35.07 2/11/2024 - -
9,300 (16) 38.27 2/4/2025 - -
- - 2,769 (8) 87,943 -
- - 2,567 (8) 81,528 -
- - 1,316 (8) 41,796 -
- - 261 (8) 8,289 --
-
--
-J.A.
https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
Skills/Experience
Ab
er
na
th
y
Fe
ar
on
G
of
f
G
re
en
Je
lli
so
n
Li
n
M
in
k
N
ic
ol
as
Pa
tt
er
so
n
P
re
et
e
Ve
rd
ui
n
W
ul
fs
oh
n
Financial
International
Industry Expertise
Regulatory
Technology
Human Capital
Operations
Corporate Governance
IT and Cybersecurity
Sustainability
Background
Gender Male Male Male Male Male Female Female Male Male Male Female Male
Race/Ethnicity White White White Black White White White Black White White White White
Other Public Company Boards 1 3 1 — — 2 2 — 1 2 — 1
PROXY SUMMARY
PROXY STATEMENT 2022 | Annual Meeting of Shareholders 13
GOVERNANCE HIGHLIGHTS
As part of our commitment to overall excellence, our Companyʼs governance practices include the
following:
Director Independence
• Strong commitment to Director independence: Eleven out of our twelve Director nominees are
independent
Garratt
2/11/2019 — — — — 6,227 348,401 — —
2/10/2020 — — — — 6,596 369,046 — —
2/08/2021 — — — — 5,142 287,695 — —
2/04/2015 9,200 — 38.27 2/4/2025 — — — —
2/15/2017 13,250 — 34.10 2/15/2027 — — — —
2/14/2018 11,050 — 41.89 2/14/2028 — — — —
2/11/2019 12,133 6,067 31.54 2/11/2029 — — — —
2/10/2020 6,550 13,100 31.48 2/10/2030 — — — —
2/08/2021 — 20,150 42.27 2/8/2031 — — — —
L.K.
Rathbun
2/11/2019 — — — — 5,904 330,329 — —
2/10/2020 — — — — 6,441 360,374 — —
2/08/2021 — — — — 5,142 287,695 — —
2/11/2014 2,400 — 35.07 2/11/2024 — — — —
2/04/2015 2,500 — 38.27 2/4/2025 — — — —
2/10/2016 10,400 — 24.98 2/10/2026 — — — —
2/15/2017 10,100 — 34.10 2/15/2027 — — — —
2/14/2018 10,400 — 41.89 2/14/2028 — — — —
2/11/2019 11,433 5,717 31.54 2/11/2029 — — — —
2/10/2020 6,400 12,800 31.48 2/10/2030 — — — —
2/08/2021 — 20,150 42.27 2/8/2031 — — — —
(1) Amounts in these columns represent stock-settled SARs that vest in one-third increments, with each one-third increment vesting on
the later of (a) the first, second and third anniversary of the grant date, respectively and (b) the achievement of a stock price hurdle
(based on Avientʼs closing stock price and sustained for thirty consecutive trading days) applicable to that increment.