https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520RW%2520Baird%2520Global%2520Industrial%2520Conference.pdf
Use of Non-GAAP Measures
4POLYONE CORPORATION
INPUTS
FORMULATION
EXPERTISE
SERVICE VALUE
Base resins
Additives
Modifiers
Pigments
Expertise in
Polymer
Materials,
Services and
OEMs
Brand Owners
Processers
Assemblers
InVisiO
SM
Color
Services
IQ Design Labs
LSS Customer
First
Specialty products & services
What We Do
Driving customer value
5POLYONE CORPORATION
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
2009 2010 2011 2012 2013 2014 2015 2016*
*Recast for DSS in discontinued operations
PolyOne At a Glance
Performance
Products &
Solutions
22%
PolyOne
Distribution
34%
Specialty
Engineered
Materials
18%
Color
Additives
and Inks
26%
2016
Revenue by
Segment
Adjusted Earnings per Share
2016
Revenue by
Geography
United
States
60%
Europe
Latin
9%
7%
10%
6POLYONE CORPORATION
43%
76%
0%
20%
40%
60%
80%
100%
2005 2010 3Q 2017
%
o
f
O
p
e
ra
ti
n
g
I
n
c
o
m
e
*
*Operating Income excludes corporate charges and special items **LTM 3Q 2017
Specialty OI $5M $87M $275M**
JV’s Performance Products & Solutions
Specialty MixDistribution
Mix Shift Highlights Specialty Transformation
Distribution and Contract
Manufacturing Businesses
7POLYONE CORPORATION
Driving Growth
• Refreshed training curriculum
for sales force
• Upgraded capabilities to generate
and capture new business leads
• Expanded R&D resources to focus
on key platforms
Investment in Commercial Resources
Commercial Resource Additions*
Total Sales CallsSales Opportunity Funnel (in billions)
*Sales, Marketing & Technology headcount
8POLYONE CORPORATION
*ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period
Proof of Performance & 2020 Platinum Vision
12 - 14%
6.5 – 7.5%
Consistently Deliver Double Digit Annual EPS Growth
2006 YTD 2017 2020
“Where we were” “Where we are” Platinum Vision
ROIC* 5.0% 13.8%
Color, Additives & Inks 1.7% 16.4%
Specialty Engineered Materials 1.1% 13.1%
Performance Products & Solutions 5.5% 11.4%
Distribution 2.6% 6.6%
9POLYONE CORPORATION
$50
$116
$137
$0
$40
$80
$120
$160
$200
2012 2014 2016 2017
10.8%
11.3%
12.9%
13.8%
10.0%
11.0%
12.0%
13.0%
14.0%
15.0%
2012 2014 2016 3Q 2017 2020
Free Cash Flow
(in millions)
ROIC*
*ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period
Free Cash Flow and Improving Returns
15.0%
>$200
10POLYONE CORPORATION
$0.16
$0.20
$0.24
$0.32
$0.40
$0.48
$0.54
$0.70
$-
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
$0.90
$1.00
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Annual Dividend
7 Consecutive Years of Increased Dividends
3-Year Dividend Plan
Announced 30% increase
to dividend in October
2017, reflecting strong and
sustainable cash flow as
well as confidence in future
earnings growth
Expect to increase annual
dividend 60% or more
cumulatively over next
three years
11POLYONE CORPORATION
$767M
Returning Cash to Shareholders
$0
$150
$300
$450
$600
$750
2011 2012 2013 2014 2015 2016 3Q
Cumulative Share Repurchases
(in millions)
Since 2011, we have
returned over $950 million
to shareholders
$192 million returned
through dividends
$767 million returned
through share
repurchases
Have repurchased 20.8
million shares since
early 2013
$767M
12POLYONE CORPORATION
Expanding our sales,
marketing, and
technical capabilities
Investing in
operational and LSS
initiatives
~60 - 70% of capital
expenditures fund
growth initiatives
Organic
Growth
Acquisitions
Share
Repurchases
Dividends
Targets that expand
our:
• Specialty
offerings
• End market
presence
• Geographic
breadth
Growth synergies
Adjacent material
solutions
Repurchased 2.0
million shares
YTD 2017
Repurchased 20.8
million shares
since early 2013
6.5 million shares
are available for
repurchase under
the current
authorization
Increased annual
dividend by 30% to
$0.70 per share,
representing the
seventh consecutive
year of dividend
growth
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
13POLYONE CORPORATION
*Specialty Platform revenue from products introduced in last five years
Vitality Index Progression*
12%
42%
Target ≥ 35%
Innovation Drives Earnings Growth
Innovation Pipeline Potential
$20
$54
Research & Development Spending
($ millions)
Phase 1
Frame
Opportunity
12 Projects
Phase 2
Build Business
Case
10 Projects
Phase 3
Prototype
21 Projects
Phase 4
Scale-up &
Test Market
19 Projects
Phase 5
Commercial
Launch
10 Projects
$500 Million $1.4 Billion $700 Million
Total Specialty Addressable Market of over $2.6 Billion
14POLYONE CORPORATION
Key Innovation Growth Drivers
Composites
Barrier Additive
Technology
Fiber Colorants
Flame Retardant
Polymers
Increasing regulatory drive for halogen replacements
$400m addressable market
Drive to prevent oxygen, light and UV rays from affecting contents in PET
packaging, extending shelf life
$200m addressable market
60% of world fiber consumption is synthetic, need to simplify manufacturing
and eliminate waste
$300m addressable market
Polymer formulation and process engineering create a pipeline for next
generation materials
Drive to replace aluminum and steel with plastics without
compromising on strength
15POLYONE CORPORATION
Providing LSS services to
small/medium sized customers
54% of associates trained in LSS, with over
125 active black belts
Have trained over 30 customers in
LSS methodology
Providing training in Customer Centric
Selling Skills with customers
Providing Industrial design and color
services to small/medium sized
customers
On time delivery above 95%
Strengthening relationships:
Customer First Through World-Class Service
16POLYONE CORPORATION
Addressable market exceeds $40 billion
Strong performance demonstrates that our strategy and execution are
working
Megatrends and emerging opportunities align with strengths
Innovation and services provide differentiation, incremental pricing
power and competitive advantage
Strategic reinvestment for growth while returning cash to shareholders
Strong and proven management team driving growth
and performance
Why Invest In PolyOne?
The New PolyOne: A Specialty Growth Company
17POLYONE CORPORATION
Segment Highlights
18POLYONE CORPORATION
1.7%
4.6% 5.1% 5.5%
7.2%
8.1%
9.7%
12.2%
14.7%
16.7%
16.0%
16.4%
2016
Revenue:
$0.8 Billion
United
45%
33%
Latin
5%
Color, Additives & Inks
Packaging
(30%)
(10%)
Textiles
(9%)
(9%)
19POLYONE CORPORATION
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6% 9.3%
12.1%
14.7%
14.3%
13.1%
Specialty Engineered Materials
2016
Revenue:
$0.6 Billion
United
51%
27%
20%
Consumer
(19%)
(19%)
Electrical & Electronics
Healthcare
(11%)
20POLYONE CORPORATION
5.5%
6.9%
3.8%
3.6%
5.5%
4.3%
6.3%
7.2% 7.7%
8.3%
12-14%
11.4%
11.1%
Performance Products & Solutions
2016
Revenue:
$0.7 Billion
United
78%
16%
Latin
Building & Construction
(30%)
(18%)
(16%)
(16%)
21POLYONE CORPORATION
36%
Distribution
2016
Revenue:
$1.1 Billion
Key
Suppliers
ROIC
24%
Healthcare
22%
18%
Consumer
15% Appliance
6%
E & E
5%
B & C
Packaging
W & C
2.6%
3.0%
3.5%
4.0%
4.6%
5.6%
6.4%
5.9% 6.1%
6.6% 6.5 - 7.5%
6.4% 6.6%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD
*After-Tax ROIC
http://www.avient.com/Pages/VariationRoot.aspx
http://www.avient.com/Pages/VariationRoot.aspx
22POLYONE CORPORATION
Target End Markets &
Application Examples
23POLYONE CORPORATION
Target End Markets… Healthcare
Thermally Conductive Technologies
Chemical Resistant Technologies
Polymer Colorants
Elastomeric Grips and Handles
Structural Composites
Antimicrobial Technologies
Anti-Counterfeiting Technologies
24POLYONE CORPORATION
Under-hood Components
Target End Markets… Automotive
Interior Structural Components
Sound & Vibration Management
Roof Systems
Air Management
Electronics and Cameras
Lighting
Fluid Handling
Interior Trim
Exterior Trim
Braces & Brackets
Fasteners
Seals & Flaps
25POLYONE CORPORATION
Target End Markets… Packaging
Oxygen Scavenger Technologies
Laser Marking Additives
Antistatic Technologies
UV Light Barrier Technologies
Cap & Closure Colorants
Process Optimization Technologies
Antioxident Technologies
Density Modified Technologies
26POLYONE CORPORATION
Target End Markets… Consumer
Thermally Conductive Components
Polymer Colorants
Elastomeric Grips and Handles
Structural Composite Components
27POLYONE CORPORATION
Impart weight, sound and
metallic finish to caps and
closures for cosmetics and
spirits applications
Elevate quality and prestige
perceptions among high-end
consumers
Eliminate time and cost
associated with secondary
operations and assembly
Luxury Packaging
GravitechTM Density Modified Polymers
28POLYONE CORPORATION
Optimize Color Usage
OnColorTM Super Concentrates
Eliminate costs by increasing
pigment density
Enhance color performance
without altering form and
formulation
Increasing design capabilities
by reducing weight and layer
thickness
29POLYONE CORPORATION
Combat Bacteria Formation
WithStandTM Antimicrobial Technology
Inhibit microbial growth on
polymer surfaces
Enhance value or products
and devices
Highly versatile concentrate
with the ability to be
incorporated into a wide
variety of products
30POLYONE CORPORATION
Medical Device Housings
Chemically Resistant Engineered Polymers
Durable, long-lasting products
stand up to the most
aggressive disinfectants
Minimize environmental
stress cracking and
discoloration
One of the broadest medically
approved polymer and
colorant portfolios
31POLYONE CORPORATION
Color & Design Services
Greater control of color
development and supply chain
Work across entire design
process from concept to
commercialization
Inspire creativity in the use of
polymer materials, colors, and
effects
Innovative brand differentiation
Faster development timelines
32POLYONE CORPORATION
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
33POLYONE CORPORATION
ColorMatrix Fiber Colorant
Proprietary advanced liquid color
formulations and equipment
enable greater efficiency and
productivity
Eliminates aqueous dyeing and
its associated wastewater
treatment
Solid Color Concentrates
Extrusion-spun fibers colored via
solid masterbatch
Fiber Colorants
34POLYONE CORPORATION
Smart Home Devices
ResilienceTM Vinyl Solutions
High flame retardancy to meet
strict UL standards
Greater processing and design
flexibility
Specialized additives provide
long term color stability
Diffusive lens materials improve
light dispersion
1
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to PolyOne common shareholders, adjusted earnings per share (EPS)
attributable to PolyOne common shareholders and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to assess performance and allocate resources
because senior management believes that these measures are useful in understanding current profitability levels and that current levels may serve as a base for future performance.
https://www.avient.com/sites/default/files/2024-04/Metallic Effect Sulfone case study.pdf
PTFE Wire insulation
CONSUMER &
AEROSPACE MOLDERS
M E T A L L I C - E F F E C T S U L F O N E
S O L U T I O N
• Metallic appearance
• FDA-food contact compliance*
• Resistant to repeated washing, steam sterilization, and chemical
disinfection cycles
• Easy processing to meet flexible design requests
• Lightweight to support a reduction in carbon emissions
• Created a variety of food contact-approved,
brilliant metallic effect colors such as gold, silver,
and bronze for optimal aesthetics
• Ensured excellent mechanical performance after
repeated steam sterilization and harsh chemical
cleaning cycles
• Offered low MOQ with flexible supply options
Colorant Chromatics and BASF Ultrason®
high-performance polymers in metallic colors
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
LIGHTWEIGHTING + COLORABILITY
LEARN MORE
© 2024, Avient Corporation.
https://www.avient.com/products/long-fiber-technology/benefits-long-fiber-reinforced-thermoplastic-composites
Color incorporated into the plastic matrix can eliminate secondary painting and finishing operations that produce undesirable VOC emissions.
Color – Custom colors modify appearance to increase consumer appeal and ease identification.
https://www.avient.com/sites/default/files/2021-10/avnt-q3-2021-news-release.pdf
It has been over a year since we completed the acquisition of Clariant’s color business and
became Avient – bold moves to help us become the specialty formulator we are today,” said
Robert M.
Add on nearly $50 million in synergies from the Clariant color business integration, and we are
having a record year.”
https://www.avient.com/investors
https://edge.media-server.com/mmc/p/yrq7mgm9
https://edge.media-server.com/mmc/p/yrq7mgm9
https://www.avient.com/investors
3
Full Year Comparisons Pro Forma for Acquisition of Clariant’s Color Business
The company acquired Clariant’s color (“Clariant Color”) business on July 1, 2020 (the
“Acquisition Date”).
https://www.avient.com/sites/default/files/2024-01/2023 Interactive Powersports.pdf
DURABILITY
High Impact Strength, Weatherability
SOLUTION: PP, HDPE, ASA,
Nylon Engineered Formulations
AESTHETIC APPEAL
Custom Color & Special Effects, Paint Replacement
SOLUTION: Custom Polymer Colorants,
Pre-Colored High-Gloss Thermoplastics
THERMAL MANAGEMENT
LED Heat Sinks, Design Flexibility
SOLUTION: Thermally Conductive
Formulations
EXTREME PERFORMANCE
Chemical & Fire Resistance,
High Temperature Performance
SOLUTION: Nylon Engineered
Formulations, Long Fiber Reinforced
Composites, Continuous Fiber
Composite Tapes & Laminates, Flame
Retardant Polyolefin Formulations
STRUCTURAL INTEGRITY
High Stiffness-to-Weight Ratio,
Metal Replacement
SOLUTION: Pultruded Rods,
Tubes & Custom Profiles, Long
Fiber Reinforced Composites
SENSORY EXPERIENCE
Vibration Damping, Durability, Customization,
Custom Color, Low Friction
SOLUTION: Thermoplastic Elastomers (TPEs),
Custom Polymer Colorants, Internally Lubricated
Formulations, Advanced Composite Springs
STRENGTH & STABILITY
Excellent Dimensional Stability,
High Stiffness, Impact Resistance
SOLUTION: Short & Long Fiber
Formulations, Continuous Fiber
Composite Tapes & Laminates
SURFACE PROTECTION
Performance Enhancements
SOLUTION: Scratch & Mar
Resistance, UV Stable
Additives, Anti-Static
Additives
STRUCTURAL
PERFORMANCE
Corrosion Resistance,
Lightweighting
SOLUTION: Long Fiber Reinforced
Composites, Nylon Engineered
Formulations, Continuous Fiber
Composite Tapes & Laminates,
Chemical Foaming Additives
METAL REPLACEMENT
Lightweighting, Heat Management, Load Carrying Capability
SOLUTION: Long Fiber Reinforced Composites, Continuous Fiber
Composite Tapes & Laminates
TACTILE EXPERIENCE
Soft-Touch Feel, Durability
SOLUTION: Thermoplastic
Elastomers (TPEs)
https://www.avient.com/industries/consumer/outdoor-recreation/powersports
https://www.avient.com/industries/consumer/outdoor-recreation/powersports
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/maxxam-polyolefin-formulations
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/edgetek-engineered-polymer-formulations
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/edgetek-engineered-polymer-formulations
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
https://www.avient.com/products/polymer-colorants
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/artisan-pre-colored-thermoplastics-paint-replacement
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/therma
https://www.avient.com/products/engineered-polymer-formulations/conductive-signal-radiation-shielding-formulations/therma
http://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
http://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations/long-fiber
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations/long-fiber
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock/polystrand
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock/polystrand
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-fr-flame-retardant-polyolefin-formulations
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/maxxam-fr-flame-retardant-polyolefin-formulations
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-pultruded-rods-tubes-custom-profiles
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-pultruded-rods-tubes-custom-profiles
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations/long-fiber-thermoplastics
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations/long-fiber-thermoplastics
https://www.avient.com/products/polymer-colorants
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/lubrione-internally-lubricated-formulations
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/lubrione-internally-lubricated-formulations
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/advanced-composite-springs
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations
https://www.avient.com/products/engineered-polymer-formulations/structural-fiber-reinforced-formulations
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-scratch-mar-resistance-additives
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-scratch-mar-resistance-additives
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives
https://www.avient.com/products/polymer-additives/uv-and-light-blocking-additives
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-antistatic-additives
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/oncap-antistatic-additives
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
https://www.avient.com/products/engineered-polymer-formulations/general-engineered-formulations/nymax-bergamid-polymer
https://www.avient.com/products/polymer-additives/foaming-agents/colormatrix-excelite-chemical-foaming-additives
https://www.avient.com/sites/default/files/2022-07/Gravi-Tech - HDPE Meat Box - Application Snapshot.pdf
PROHACCP
D E T E C T A B L E E 2 B O X
• Magnetic for detection in factory
• EU and FDA food contact compliance
• Durable for repeated use
• Color matching
• Enabled fast and accurate development of a
custom formulation meeting all customer
requirements
• Provided both material and color expertise
from a single source
• Matched color to specific blue providing
visual contrast against meat/food products,
enhancing detectability
Gravi-Tech™ Density Modified Formulations
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
MAGNETIC + COLOR MATCHING
LEARN MORE
Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/2021-05/frost-for-persaonal-care-pet-bottle.pdf
SHAMPOO BRAND
P E T B O T T L E F O R H A I R
C A R E
• Customized color and anti-UV combination
• Provided quick response and local service
• Simplified processing without additional
equipment investment
• Increase innovation capabilities and brand
aesthetics
OnColor™ Frost PET Effect
KEY REQUIREMENTS
WHY AVIENT?
AVIENT SOLUTION
PAINT REPLACEMENT
1Avient Corporation
LEARN MORE
• Offer soft, gentle appearance and better touch feeling
• Customized color and anti-UV combination to enhance
aesthetics and functional properties
• Ease of processing
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/oncolor-fx-special-effect
https://www.avient.com/sites/default/files/2021-04/colormatrix-optica-specialty-toners-for-pc-product-bulletin.pdf
The
need for better PC color solutions has never been
greater.
This solution
offers better color consistency and better color
dispersion in transparent PC resins, helping to
retain transparent properties and preventing
contamination by keeping production lines clean.
KEY CHARACTERISTICS
• More accurate dosage on a small-scale leading
to better color consistency
• Better color dispersion in transparent PC
resin compared to pigments, helping to retain
transparent properties
• Prevents contamination by keeping cleanliness
in production lines often found with powders
• Lower inventory, easier supply chain
management
• Better cost effectiveness with lower dosage
• Prevents undesirable yellowness/greenness in
PC chips
• Supports sustainability through improved color
and material changeover time
• Liquid solution reduces dosage compared to
alternatives
PRODUCT BULLETIN
www.avient.com
Copyright © 2021, Avient Corporation.
https://www.avient.com/sites/default/files/2025-01/NEUSoft Product Selection Guide.pdf
For time-sensitive development projects, our NEUSoft
Express offerings come in 14 standard colors, in neat or
20% barium sulfate-filled formulations, with a planned
14-day lead time to assist in accelerating your R&D
process.
Our formulation experts can also work with your
design team to tailor a product that meets your specific
color and performance needs.
PANTONE MATCHING SYSTEM® © Pantone LLC, 2024
PMS 101C
PMS White
PMS 295C
PMS 644C
PMS 7441C
PMS 2915C
Colors may vary
from the actual color
shown.
https://www.avient.com/sites/default/files/2020-11/gls-indoor-grips-translation-application-bulletin.pdf
Consider combining comfort with color
and performance properties using enhanced soft
touch GLS™ TPE materials for even better results.
COLOR: TPEs can be customized with bright
colors and special effects such as glimmers,
sparkles and pearlescents, as well as shine levels
such as eye-catching high gloss, which conveys
a high-tech, high-fashion aesthetic.
TPEs play an important role in this
evolution by enabling designers to add ergonomic
grips in appealing textures and colors.