FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA Index to Financial Statement Page Management’s Report 41 Reports of Independent Registered Public Accounting Firm 42-43 Consolidated Financial Statements: Consolidated Statements of Income 44 Consolidated Statements of Comprehensive Income 45 Consolidated Balance Sheets 46 Consolidated Statements of Cash Flows 47 Consolidated Statements of Shareholders’ Equity 48 Notes to Consolidated Financial Statements 49-79 40 POLYONE CORPORATION MANAGEMENT’S REPORT The management of PolyOne Corporation is responsible for preparing the consolidated financial statements and disclosures included in this Annual Report on Form 10-K. POLYONE CORPORATION 45 Consolidated Balance Sheets Year Ended December 31, (In millions, except par value per share) 2015 2014 ASSETS Current assets: Cash and cash equivalents $ 279.8 $ 238.6 Accounts receivable, net 347.0 396.8 Inventories, net 287.0 309.0 Other current assets 47.0 54.0 Total current assets 960.8 998.4 Property, net 583.5 596.7 Goodwill 597.7 590.6 Intangible assets, net 344.6 362.7 Other non-current assets 108.5 117.9 Total assets $ 2,595.1 $ 2,666.3 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Short-term and current portion of long-term debt $ 18.6 $ 61.7 Accounts payable 351.6 365.9 Accrued expenses and other liabilities 127.9 172.9 Total current liabilities 498.1 600.5 Long-term debt 1,128.0 948.9 Pension and other post-retirement benefits 77.5 103.7 Deferred income taxes 33.8 57.7 Other non-current liabilities 152.5 178.3 Total non-current liabilities 1,391.8 1,288.6 SHAREHOLDERS’ EQUITY Preferred stock, 40.0 shares authorized, no shares issued — — Common Shares, $0.01 par, 400.0 shares authorized, 122.2 shares issued 1.2 1.2 Additional paid-in capital 1,155.6 1,155.4 Retained earnings 367.1 259.7 Common shares held in treasury, at cost, 36.9 shares in 2015 and 32.9 shares in 2014 (748.4) (597.7) Accumulated other comprehensive loss (71.3) (42.3) Total PolyOne shareholders’ equity 704.2 776.3 Noncontrolling interest 1.0 0.9 Total equity 705.2 777.2 Total liabilities and equity $ 2,595.1 $ 2,666.3 The accompanying notes to the consolidated financial statements are an integral part of these statements. 46 POLYONE CORPORATION Consolidated Statements of Cash Flows Year Ended December 31, (In millions) 2015 2014 2013 Operating activities Net income $ 144.7 $ 78.4 $ 242.7 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 98.1 100.8 97.1 Accelerated depreciation and fixed asset charges associated with restructuring activities 17.6 33.0 13.6 Deferred income tax (benefit) expense (27.4) (45.2) 12.9 Debt extinguishment costs 16.4 — 15.8 Share-based compensation expense 9.1 14.2 16.5 Gain on sale of business — (1.2) (223.7) Income related to previously owned equity affiliates — — (26.9) Changes in assets and liabilities, net of the effect of acquisitions and divestitures: Decrease in accounts receivable 42.6 24.4 26.9 Decrease in inventories 21.4 28.4 20.4 Decrease in accounts payable (8.3) (15.2) (16.6) (Decrease) increase in pension and other post-retirement benefits (24.6) 30.0 (124.5) (Decrease) increase in accrued expenses and other assets and liabilities - net (62.4) (39.2) 54.8 Net cash provided by operating activities 227.2 208.4 109.0 Investing activities Capital expenditures (91.2) (92.8) (76.4) Business acquisitions, net of cash acquired (18.3) (47.2) (259.4) Proceeds from sale of businesses and other assets 3.0 28.2 275.7 Net cash used by investing activities (106.5) (111.8) (60.1) Financing activities Repayment of long-term debt (365.3) (8.0) (343.3) Premium on early extinguishment of long-term debt (13.4) — (4.6) Net proceeds from long-term debt 547.3 — 600.0 Debt financing costs (6.0) — (13.0) Borrowing under credit facilities 891.3 168.6 129.0 Repayment under credit facilities (936.8) (122.8) (117.5) Purchase of common shares for treasury (156.1) (233.2) (131.6) Exercise of stock awards 4.3 6.9 7.3 Cash dividends paid (35.7) (29.9) (21.5) Net cash (used) provided by financing activities (70.4) (218.4) 104.8 Effect of exchange rate changes on cash (9.1) (4.8) 1.5 Increase (decrease) in cash and cash equivalents 41.2 (126.6) 155.2 Cash and cash equivalents at beginning of year 238.6 365.2 210.0 Cash and cash equivalents at end of year $ 279.8 $ 238.6 $ 365.2 The accompanying notes to the consolidated financial statements are an integral part of these statements.

For example, 45 energy savings projects last year will result in an approximate 2,250 MWh/yr reduction of energy. As of December 31, 2018, letters of credit under the credit line were immaterial and borrowings were $10.7 million with a weighted average annual interest POLYONE CORPORATION 45 POLYONE CORPORATION46 rate of 3.35%.

Our performance during this period has exceeded the S&P 500 Index as well as the S&P Mid Cap Chemicals Index. 45 COMPENSATION DISCUSSION AND ANALYSIS We believe that the returns to shareholders shown in the graph above indicate that our pay-for-performance philosophy, compensation plan design and selected perforff mance measures are working, and have resulted in perforff mance that has provided increased value to our shareholders over the long-term as shown above. To attract and help retain talent Fixed base of cash compensation Weighting 18% - CEO 33% - CFO 39% - Other NEOs Base Salary Drives the achievement of key business results on an annual basis Performance- based and not guaranteed Weighting 20% - CEO 22% - CFO 22% - Other NEOs Annual Incentive Directly ties the interests of NEOs to our shareholders Helps retain key talent and a majority is performance- based and not guaranteed Weighting 62% - CEO 45% - CFO 39% - Other NEOs Long- Term Incentive COMPENSATION DISCUSSION AND ANALYSIS Afteff r consideration of the facff tors above, the Compensation Committee made the folff lowing decisions related to base salaries forff our Named Executive Officff ers in 2016: Mr.

Francisco Nakasato, 1700 13295-000 Itupeva Sao Paulo, Brazil 電話：+55 11 4593 9200 歐洲 盧森堡波莫洛赫區域總部 19 Route de Bastogne Pommerloch, Luxembourg, L-9638 電話：+352 269 050 35 傳真：+352 269 050 45 www.avient.com https://www.avient.com 確認遵守 AVIENT 的《行為準則》 說明： 請閱讀、簽署並將本文件交回給人力資源部門。

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P O L Y O N E C O R P O R A T I O N 45 We have several pension plans; however, as of December 31, 2011, only certain foreign plans accrue benefits.