https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Credit%2520Suisse%2520-%2520June%25202015.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 – 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
• Substantial EPS growth
from $0.13 to all-time
high of $1.80
• 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
• Accelerating growth
• 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
Appliances
5%
Building &
Construction
12%
Consumer
10%
Electrical &
Electronics
5%
Healthcare
11%
Industrial
14%
Packaging
14%
Transportation
20%
Wire & Cable
9%
Distribution
28%
PP&S
20%
Specialty
52%
United States
69%
Europe
13%
Canada
7% Asia
6%
Latin America
5%
2014 Revenues: $3.8 Billion
End Markets
2014 Revenues: $3.8 Billion
PolyOne
At A Glance
$13
$31
$46 $46
$87 $96
$122
$195
$242
2006 2007 2008 2009 2010 2011 2012 2013 2014
Specialty Operating Income ($M)
PolyOne Corporation Page 6
Old
PolyOne
*Operating Income excludes corporate charges and special items
2%
34% 43%
62%
65%
69%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2014 Q1 2015 2020
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
80%+
Specialty OI $5M $46M $87M $195M $242M $60M
Mix Shift Highlights Specialty Transformation
Transformation
2020
Platinum
Vision
Platinum
Vision
PolyOne Corporation Page 7
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 8
-100%
0%
100%
200%
300%
400%
500%
600%
Strategy and Execution Drive Results
$0.12
$0.27
$0.21
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
'06 '07 '08 '09 '10 '11 '12 '13 '14
‘06-‘14 Adjusted EPS CAGR = 40%
Adjusted EPS Share Price vs.
https://www.avient.com/sites/default/files/resources/Gabelli%2520Conf%2520-%2520POL%2520IR%2520Presentation%2520wNon%2520GAAP%2520Reconciliation%252003%252026%252015.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 – 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
• 21 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
• Vitality index and
innovation driving
growth and
expanding margins
• Specialty business
margins have 20+%
potential
• Double digit
operating income
and adjusted EPS
growth
PolyOne Corporation Page 5
Appliances
5%
Building &
Construction
12%
Consumer
10%
Electrical &
Electronics
5%
Healthcare
11%
Industrial
14%
Packaging
14%
Transportation
20%
Wire & Cable
9%
Distribution
28%
PP&S
20%
Specialty
52%
United States
69%
Europe
13%
Canada
7% Asia
6%
Latin America
5%
2014 Revenues: $3.8 Billion
End Markets
2014 Revenues: $3.8 Billion
PolyOne
At A Glance
$13
$31
$46 $46
$92 $96
$122
$195
$242
2006 2007 2008 2009 2010 2011 2012 2013 2014
Specialty Operating Income ($M)
PolyOne Corporation Page 6
Old
PolyOne
*Operating Income excludes corporate charges and special items
2%
34% 43%
62%
65%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2014 2015
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
65-75%
Specialty OI $5M $46M $87M $195M $242M Target
Mix Shift Highlights Specialty Transformation
Transformation 2015 Target
PolyOne Corporation Page 7
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 8
-150%
-50%
50%
150%
250%
350%
450%
550%
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
$1.80
'06 '07 '08 '09 '10 '11 '12 '13 '14
‘06-‘14 EPS CAGR = 40%
EPS Share Price vs.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for Hungary %28Hungarian Translation%29.pdf
Az Eladó teljes felelőssége a Vevővel szemben károkért, legyen az garancia megszegésén vagy
bármely más okból kifolyólag, és legyen az e szerződés alapján vagy másképpen, semmilyen esetben
nem haladhatja meg azt a részét a vételárnak, amely a Vevő által kártérítésre jogosult Termék részére
vonatkozik.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Standard%2520Quality%2520Response_2016_6_9.pdf
Applications
Middleware
Database
Data networks
(internal and external)
Desktop
E September 11th
E1 Did your organization invoke its business
continuity or IT disaster recovery plan(s)
as a result of the September 11 tragedy?
https://www.avient.com/sites/default/files/2024-10/Avient_CodeConduct_2024_final2.pdf
OUR CODE
OF CONDUCT
ISSUED OCTOBER 2024
TABLE OF
CONTENTS
Introduction:
A Message from the CEO 1
Our Code of Conduct
Guidelines for Ethical Behavior 3
Personal Values 3
Your Responsibilities 4
Additional Responsibilities of
Avient Supervisors and Managers 4
Resolving Questions and Reporting
Non-Compliance Situations 5
Ethics Hotline 5
Non Retaliation 6
Code of Conduct Application 6
Violations of the Code 6
Respect for All
Diversity and Inclusion 8
Discrimination or Harassment 8
Workplace Relationships 9
Substance Abuse 10
Physical Security and
Workplace Violence 10
Honesty at Work
Accurate Information,
Data and Records 12
Accounting Integrity 12
Company Communications 14
Safeguarding and Use of Assets 14
Proprietary and Confidential
Information, Ideas and
Intellectual Property 15
Privacy, Personal Information
and Data Protection 16
Internet and E-mail Use 16
Social Media and
Social Networking 17
Computer Security, Software
Licensing and Copyrights 17
Insider Information and Trading 18
Political Contributions/Activities
and Charitable Contributions 19
Government Investigations
and Inquiries 19
Integrity in Our
Business
Fair Dealing 21
Bribery and Kickbacks 21
Agents and Consultants 22
Competition 22
Gifts and Hospitality 23
Conflicts of Interest 24
Self-Dealing 25
International Trade 25
Money Laundering 25
Corporate Social
Responsibility
Sustainability 27
Safety, Health and Environment 28
Product and Service Safety 29
Respecting Human Rights 29
A Shared Commitment 29
Resources and
Contact Information
Our Policies 30
Internal Contacts 30
Ethics Hotline 30
A Message from the CEO
Dear Avient Team,
Our company decisions have far-reaching implications in today’s complex and interconnected world.
Personal information is any information that can be used to
identify someone, such as:
• Government-issued identification numbers, such as Social
Security or national insurance numbers
• Compensation information
• Medical history
• Performance records
• Personal addresses and phone numbers
Internet and E-mail Use
Avient provides our associates with access to many forms of
electronic media for business use.
Employee Name (Please print)
Signature Date
Work Location
Table of
Contents
A Message from the CEO
Our Code of Conduct
Guidelines for Ethical Behavior
Personal Values
Your Responsibilities
Additional Responsibilities of Avient Supervisors
and Managers
Resolving Questions and Reporting Non-Compliance Situations
Ethics Hotline
Non Retaliation
Code of Conduct Application
Violations of the Code
Respect for All
Diversity and Inclusion
Discrimination or Harassment
Workplace Relationships
Substance Abuse
Physical Security and Workplace Violence
Honesty at Work
Accurate Information, Data and Records
Accounting Integrity
Company Communications
Safeguarding and Use of Assets
Proprietary and Confidential Information, Ideas and
Intellectual Property
Privacy, Personal Information and
Data Protection
Internet and E-mail Use
Social Media and Social Networking
Computer Security, Software Licensing and Copyrights
Insider Information and Trading
Political Contributions / Activities and Charitable Contributions
Government Investigations and Inquiries
Integrity in Our Business
Fair Dealing
Bribery and Kickbacks
Agents and Consultants
Competition
Gifts and Hospitality
Conflicts of Interest
Self-Dealing
International Trade
Money Laundering
Corporate Social Responsibility
Sustainability
Safety, Health and Environment
Product and Service Safety
Respecting Human Rights
A Shared Commitment
Resources and Contact Information
Our Policies
Internal Contacts—Ethics and Compliance Resources
Ethics Hotline
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Guatemala %28English and Spanish Translation%29.pdf
El hecho de que el
Comprador no dé tal aviso dentro del plazo de
tiempo aplicable constituirá una renuncia
absoluta e incondicional de todos esos reclamos.
Si las partes no pueden ponerse de acuerdo e
implementar tales cambios dentro de los sesenta (60)
días calendario después de dicho aviso, el Vendedor
tendrá entonces el derecho de terminar este contrato
de inmediato mediante notificación escrita al
Comprador.
8.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Colombia %28English and Spanish Translation%29.pdf
El hecho de que el Comprador no dé
dicha notificación dentro del límite de tiempo aplicable
constituirá una renuncia absoluta e incondicional de todas las
reclamaciones.
El Comprador reconoce que el Vendedor ha proporcionado
al Comprador las Fichas de Datos de Seguridad para el
Comprador, las cuales incluyen advertencias e información de
seguridad y salud en relación con el Producto y/o los envases
para tal Producto.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Terms%2520and%2520Conditions%2520of%2520sale%2520France.pdf
FORCE MAJEURE
Chacune des parties pourra suspendre l'exécution du
présent contrat (sauf le paiement d'un Produit déjà
reçu) en cas de : (1) catastrophe naturelle, incendie,
inondation, ouragan ; (2) grèves, lock-out ou autre
perturbation industrielle ou émeute ; (3) guerre,
déclarée ou non ; (4) conformité avec tout(e) loi,
règlement, décret ou jugement, étranger ou interne, y
compris notamment toute restriction des licences
d'exportation, injonction de priorité, rationnement,
attribution ou préemption ou annulation de la licence
- 5 -
PAI-376900v1
the party having the difficulty, and the above
requirements for remedy of any force majeure with all
reasonable dispatch shall not require the settlement of
strikes or lockouts by acceding to the demands of the
employees involved, when deemed inadvisable by the
party having the labor difficulty.
11.
https://www.avient.com/sites/default/files/2024-03/Terms and Conditions of Sale for South Africa.pdf
Personal Information' means information
relating to any person, including but not limited to: (i) information
relating to the race, gender, sex, pregnancy, marital status, national,
ethnic or social origin, colour, sexual orientation, age, physical or
mental health, well-being, disability, religion, conscience, belief,
culture, language and birth of the person; (ii) information relating to
the education or the medical, financial, criminal or employment
history of the person; (iii) information relating to the financial affairs
of the person; (iv) credit card details and transactional data; (v) any
identifying number, symbol, e-mail address, physical address,
telephone number or other particular assignment to the person; (vi)
biometric information about a person; (v) personal opinions, views
and preferences of a person; (vii) correspondence sent by the person
that is implicitly or explicitly of a private or confidential nature or
further correspondence that would reveal the contents of the original
correspondence; (viii) the views or opinions of another individual
about the person; (ix) the name of the person if it appears with other
personal information relating to the person or if the disclosure of the
name itself would reveal information about the person; and (x) any
other information which may be treated or defined as "personal
information" in terms of any applicable laws, including Data
Protection Legislation.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Goldman%2520Sachs%2520Conference%2520-%2520November%25202015.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 – 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
• Substantial EPS growth
from $0.13 to all-time
high of $1.80
• 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
• Accelerating growth
• 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
Appliances
5%
Building &
Construction
12%
Consumer
10%
Electrical &
Electronics
5%
Healthcare
11%
Industrial
14%
Packaging
14%
Transportation
20%
Wire & Cable
9%
Distribution
28%
PP&S
20%
Specialty
52%
United States
69%
Europe
13%
Canada
7% Asia
6%
Latin America
5%
2014 Revenues: $3.8 Billion
End Markets
2014 Revenues: $3.8 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
Adjusted EPS
PolyOne Corporation Page 6
Old
PolyOne
*Operating Income excludes corporate charges and special items
2%
34% 43%
62%
65% 66%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2014 YTD 2015 2020
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
80%+
Specialty OI $5M $46M $87M $195M $242M $183M
Mix Shift Highlights Specialty Transformation
Transformation
2020
Platinum
Vision
Platinum
Vision
PolyOne Corporation Page 7
2006 YTD 2015 2020
“Where we were” “Where we are” Platinum Vision
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 17.2% 20%+
Global Specialty Engineered
Materials 1.1% 15.1% 20%+
Designed Structures & Solutions 1.4% (2012) 3.5% 12 – 14%
Performance Products &
Solutions 5.5% 8.1% 10 – 12%
Distribution 2.6% 6.6% 6.5 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 66% 80%+
3) ROIC 5.0% 11.9% 15%
4) Adjusted EPS Growth N/A
24 Consecutive
Quarters of YOY
EPS Growth
Double Digit
Expansion
Proof of Performance & 2020 Goals
PolyOne Corporation Page 8
Innovation Drives Earnings Growth
*Percentage of Specialty Platform revenue from products introduced in last five years
$20
$52
2006 TTM
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14%
28%
2006 TTM
Specialty Platform
Gross Margin %
12%
43%
2006 TTM
Specialty Vitality Index Target ≥ 35%
TTM 9/30/15 TTM 9/30/15 TTM 9/30/15
PolyOne Corporation Page 9
Innovation Pipeline Potential
Prototype Frame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
12
4
9
6
1
6
3 7 4
5
6
1
1
7
2
Breakthrough
Platform
Derivative
Number of Projects 12 10 23 19 10 74
Specialty
Addressable Market
($ millions)
- - $1,150 $1,000 $250 $2,400
PolyOne Corporation Page 10
Lightweighting with Advanced Composites
Increasing Healthcare Penetration
Innovation Initiatives
Expansion in Consumer Markets
New Market Development
$$$ $$ $
High Temperature Polymers
PolyOne Corporation Page 11
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 12
Customer First Through World-Class Service
Strengthening relationships through:
Providing LSS services to small/medium sized customers
• Supporting customers who lack their own formal process improvement initiatives
Providing training in Customer Centric Selling Skills with customers’
sales force
PolyOne Corporation Page 13
60%
97%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 Q3 2015
Pension Funding**
As of September 30, 2015
Debt Maturities & Pension Funding
Net Debt / Adjusted EBITDA** = 2.1x
$49
$121
$317
$600
$400
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2018 2020 2023
Debt Maturities
As of September 30, 2015
($ millions)
Coupon Rate: 7.500% Variable* 7.375% 5.250%
** includes US-qualified pension plans only *Weighted average rate on revolver was 2.49% as of 9/30/15 **TTM 9/30/2015
PolyOne Corporation Page 14
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 nearly
2.4 million shares in Q3
2015
Repurchased 14.8
million shares since
early 2013
5.2 million shares are
available for
repurchase under the
current authorization
$0.24
PolyOne Corporation Page 15
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?