https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520KeyBanc%2520Conference%2520-%2520September%252014%25202016.pdf
Addressable market exceeds $40 billion
St f d t t th t t t d ti 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
The New PolyOne: A Specialty Growth Company
g p g g g p
PolyOne Corporation Page 21
The New PolyOne: A Specialty Growth Company
Appendix
PolyOne Corporation Page 22
2Q 2016 Financial Highlights
Performance Products & Solutions
operating margin grew 370 basis $18
$16
$21
$18
$22
PP&S Operating Profit
points year-over-year to 12.3%
$11
$15
$16
$10
$14
$18
2Q'12 2Q'13 2Q'14 2Q'15 2Q'16
SEM O ti P fit
SEM operating margin expanded 50
basis points to a record second
$15
$19
$20
$21
$18
$22
SEM Operating Profit
Adjusted EPS
quarter level of 14.9% $13
$15
$10
$14
2Q'12 2Q'13 2Q'14 2Q'15 2Q'16
$0.37
$0.51
$0.57
$0.63
$0.45
$0.70
Adjusted EPS
Second quarter adjusted EPS has
grown on average 20% per year
PolyOne Corporation Page 23
$0.30
$
$0.20
2Q'12 2Q'13 2Q'14 2Q'15 2Q'16
since 2012
Note: $ in millions, except per share data
At a Glance
Color, Additives and Inks
2015 Revenues: $0.8 Billion Solutions
United States
48%
Europe
33%
Asia
Canada
2%
12%
Latin America
5%
16.7%
18.0%
20%+Operating Income % of Sales
Expanding Profits2015 Revenue by Industry Segment
14.7%
Packaging
31%
Textiles
1.7%
4.6% 5.1%
5.5%
7.2% 8.1%
9.7%
12.2%
Building &
C i
Consumer
Healthcare
6%
Industrial
13%
8%
Transportation
9%
Wire & Cable
11%
PolyOne Corporation Page 24
1.7%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020
Platinum
Vision
Appliances
2%
Construction
11%
8%
Electrical &
Electronics
1%
At a Glance
Specialty Engineered Materials
2015 Revenues: $0.5 Billion Solutions
United States
49%49%
Europe
29%
Asia
20%
Canada
2%
14.7% 14.9%
20%+Operating Income % of Sales
2015 Revenue by Industry Segment Expanding Profits
Appliances
3%
Packaging
5%
Transportation
19%
Wire & Cable
15%
1.1% 1.3%
3.4%
5.1%
9.6%
8.0% 8.6%
9.3%
12.1%Building &
Construction
3%
Consumer
20%
Electrical &
Electronics
Healthcare
11%
Industrial
8%
PolyOne Corporation Page 25
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020
Platinum
Vision
Electronics
16%
At a Glance
Designed Structures and Solutions
Solutions2015 Revenues: $0.5 Billion
United States
97%
Canada
3%
8-10%
Operating Income % of Sales
Expanding Profits2015 Revenue by Industry Segment
Packaging
19%
1.4%
5.6%
7.3%
3.0%
1.0%Building &
Construction
Healthcare
7%
Industrial
24% Transportation
33%
PolyOne Corporation Page 26
2012 2013 2014 2015 2Q'16 2020
Platinum
Vision
Appliances,
3%
Construction
9%
Consumer
5%
7%
At a Glance
Performance Products and Solutions
Solutions2015 Revenues: $0.7 Billion
United States
79%
CanadaCanada
14%
Asia
2%
Latin America
5%
Packaging
5% Transportation
19% Wire & Cable
16%
12-14%
Operating Income % of Sales
Expanding Profits
12.3%
2015 Revenue by Industry Segment
Appliances
7%
Building &
Construction
31%
Electrical &
El t i
Healthcare
1%
Industrial
13%
%
5.5%
6.9%
3.8%
3.6%
5.5%
4.3%
6.3%
7.2%
8.3%7.7%
PolyOne Corporation Page 27
31%
Consumer
5%
Electronics
3%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020
Platinum
Vision
At a Glance
Distribution
Key Suppliers2015 Revenues: $1.0 Billion
Packaging
4%
Transportation
24%
Wire & Cable
4%
Appliances
6%
Building &
Construction
4%Consumer
13%Healthcare
Industrial
16%
Electrical &
Electronics
6%
23%
6 6%
6.5-7.5%
6 5%
Operating Income % of Sales
53%
ROIC Expanding Profits
2.6%
3.0%
3.5%
4.0%
4.6%
5.6%
6.4% 5.9%
6.6% 6.5%
15%
6.1%
PolyOne Corporation Page 28
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020
15%
2006 2Q 2016
Platinum
Vision
Plastics: Key to Future Sustainable Development
2 lbs Plastic
=
3 lbs aluminum
Requires 91% less energy to
recycle a pound of plastic versus
a pound of paper3 lbs aluminum
or
8 lbs steel
or
a pound of paper
or
27 lbs glass
33% less material by weight
than aluminum
75% less material by weight75% less material by weight
than steel
93% less material by weight
than glass
PolyOne Corporation Page 29
than glass
Source: SPI: Sustainability and the Plastics Industry
Application Examples
PolyOne Corporation Page 30
Luxury Packaging
with Gravitech Density Modified Polymers
• Impart weight, sound and
metallic finish to caps andmetallic finish to caps and
closures for cosmetics and
spirits applications
• Elevate quality and prestige
perceptions amongperceptions among
high‐end consumers
• Eliminate time and cost
associated with secondary
operations and assembly
PolyOne Corporation Page 31
p y
Medical Device Housings
with Chemically Resistant Engineered Polymers
• Durable, long‐lasting products
stand up to the most
aggressive disinfectants
• Minimize environmental stress
cracking and discolorationg
• One of the broadest medically y
approved polymer and
colorant portfolios
PolyOne Corporation Page 32
Printed Circuit Boards
with Thermally Conductive Polymers
• Replaces metal by etchingReplaces metal by etching
circuit designs into thermally
conductive plastic
• Maintains heat transfer and
cooling capabilities of metals
• Reduces both weight and cost
• Increases the lifetime and
reliability of electronic systems
PolyOne Corporation Page 33
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
PolyOne Corporation Page 34
• Faster development timelines
Outdoor Applications
• Leading provider of high
performance specialty materials
for the recreational and sports & p
leisure industry
• Well positioned across all segments
to address market needs
Metal to Polymer Conversion
Lightweighting
Thermal Management
Impact Performance
PolyOne Corporation Page 35
Source: Outdoor Industry Association
Fiber Colorants
Solutions for clothing, apparel, footwear, automotive & sporting goods
• ColorMatrix Fiber Colorant Solutions
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 viaExtrusion‐spun fibers colored via
solid masterbatch
PolyOne Corporation Page 36
PET Bottling Technology
• $1.5 billion attractive, growing market
Shelf‐life
extension
Weight
reduction
• Improve performance and reduce
cost through light‐weighting,
d d t f t l ti Greater product
consistency
l b l
Enhanced
product
aesthetics
reduced waste, faster cycle times
and extended shelf life
Recyclability and
reduced carbon
footprint
aesthetics
High heat
• Aligned with megatrend of facing
climate and resource challenges:
Color and
Special Effects
High heat
resistance Sustainability benefits include
lower package weight and
improved recyclability of package
at end of use
PolyOne Corporation Page 37
at end of use
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
l f f d• Simplifies manufacturing and
lowers total production cost
PolyOne Corporation Page 38
High-Barrier Packaging Containers
• Capability to extrude up to 13 layers• Capability to extrude up to 13 layers
• Strong oxygen and moisture vapor
transmission protectiontransmission protection
• Can be made symmetrical or
asymmetrical to meet customizedasymmetrical to meet customized
needs of broad variety of applications
• Barrier protection and superiorBarrier protection and superior
sensory properties
PolyOne Corporation Page 39
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.
https://www.avient.com/sites/default/files/2021-04/avient-sustain-2019-210419-interactive.pdf
St.
Tim Patterson, Maintenance Supervisor, St.
In this way, we also keep today’s waste from becoming
tomorrow’s contamination.
52%
Total Waste
RECYCLED OR
BENEFICIALLY REUSED
IN 2019
0
ZERO
Reportable Releases
IN EXCESS OF PERMITTED LEVEL
TO THE ENVIRONMENT SINCE 2013
0
3,000
6,000
9,000
12,000
15,000
2016 2017 2018 2019
Total Waste
0
5
10
15
20
25
Total Waste Intensity
2016 2017 2018 2019
K
g
W
a
st
e
/M
T
P
ro
d
u
ct
io
n
M
e
tr
ic
T
o
n
s
HOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Goals & Metrics | Indices
Sustainability Report | 2019 67
Eliminating Plastic Waste
Plastic is a miraculous, versatile material that positively impacts our world.
https://www.avient.com/sites/default/files/2020-10/2019-avient-sustainability-report.pdf
St.
Tim Patterson, Maintenance Supervisor, St.
In this way, we also keep today’s waste from becoming
tomorrow’s contamination.
52%
Total Waste
RECYCLED OR
BENEFICIALLY REUSED
IN 2019
0
ZERO
Reportable Releases
IN EXCESS OF PERMITTED LEVEL
TO THE ENVIRONMENT SINCE 2013
0
3,000
6,000
9,000
12,000
15,000
2016 2017 2018 2019
Total Waste
0
5
10
15
20
25
Total Waste Intensity
2016 2017 2018 2019
K
g
W
a
st
e
/M
T
P
ro
d
u
ct
io
n
M
e
tr
ic
T
o
n
s
HOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Goals & Metrics | Indices
Sustainability Report | 2019 67
Eliminating Plastic Waste
Plastic is a miraculous, versatile material that positively impacts our world.
https://www.avient.com/sitemap
Remafin™ EP White Colorants
Remafin™ Concentrates for Polyolefins
Remafin™ Fiber Colorants for PP
https://www.avient.com/sites/default/files/2023-07/Avient-2022-Sustainability-Report.pdf
St.
LEARN MORE
Visit Our Sustainability Site
for More Information
LEARN MORE
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2022 46
https://www.avient.com/industries/healthcare
https://www.avient.com/products/polymer-colorants/healthcare-colorants/mevopur-healthcare-bio-based-polymer-solutions
https://www.avient.com/products/polymer-additives/healthcare-additives/mevopur-healthcare-functional-additives
https://www.avient.com/products/polymer-additives/healthcare-additives/mevopur-healthcare-functional-additives
https://www.avient.com/products/polymer-colorants/solid-color-masterbatches/remafin-ep-white-colorants
https://www.avient.com/sites/default/files/2023-01/Trilliant%20HC%20GF%20Polyketone%20_PK_%20Product%20Bulletin.pdf
https://www.avient.com/products/thermoplastic-elastomers/versaflex-hc-thermoplastic-elastomers
https://www.avient.com/sites/default/files/2023-03/Trilliant%20HC%20glass-filled%20PK%20-%20Biopharma%20Tubing%20Clamps.pdf
https://www.avient.com/company/sustainability/sustainability-report/products/markets
Transportation
Market Needs: Improve Efficiency, Extend Range,
Enable Circularity
As the demand for low- and zero-emission, energy-efficient transportation continues to grow
across all vehicle types, transportation requirements are evolving quickly.
continues on next page)
Adjusted EBITDA from Specialty Applications
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
Commodity JV’s
Performance
Products &
Solutions
Distribution
Specialty
Businesses
Specialty Transformation Expands Margin Profile
(1) Pro forma for the acquisition of Clariant Color
(2) Pro forma for the acquisition of APM and divestiture of Distribution
0%
20%
40%
60%
80%
100%
2005 2010 2015 2020PF(1) 2022PF(2)
7%
46%
66%
87%
100%
Adjusted EBITDA Margins
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16.2%
11.5%
5.4%
2006 2018 2022PF(2)
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2022 74Sustainability Report | 2022 74
https://www.avient.com/company/policies-and-governance/code-conduct
Performance Overview
(continued from previous page)
With the acquisition of Dyneema®, the world’s strongest fiber, and divestiture of Distribution, 2022 was a pivotal and progressive year for Avient and our vision to be a world-class, sustainable organization.
https://www.avient.com/sites/default/files/2023-09/Avient Sustainability Day 2023 - Website %289.19%29.pdf
Manager Equipment Control - KLM-Martinair
Avient Corporation 60
18
27
0
5
10
15
20
25
30
35
40
45
50
2023 2026 2029 2032
EMEA APAC Americas
11% CAGR
38
49
53
58
30
35
40
45
50
55
60
2023 2026 2029 2032
Source: NHTSA, Reuters Source: BloombergNEF
Global Offshore Wind Installations
M
ile
s
Pe
r G
al
lo
n
An
nu
al
In
st
al
la
ti
on
s
(in
G
ig
aw
at
ts
)
1.
https://www.avient.com/sites/default/files/2024-10/Avient CDP Climate Change %26 Water Submission 20241001.pdf
Row 7
(9.3.1.1) Facility reference number
Select from:
☑ Facility 42
(9.3.1.3) Value chain stage
Select from:
☑ Direct operations
420
(9.3.1.4) Dependencies, impacts, risks, and/or opportunities identified at this facility
Select all that apply
☑ Risks
(9.3.1.5) Withdrawals or discharges in the reporting year
Select from:
☑ Yes, withdrawals and discharges
(9.3.1.7) Country/Area & River basin
Canada
☑ St.
Row 76
(9.3.1.1) Facility reference number
Select from:
☑ Facility 98
(9.3.1.3) Value chain stage
Select from:
☑ Direct operations
(9.3.1.4) Dependencies, impacts, risks, and/or opportunities identified at this facility
Select all that apply
☑ Risks
633
(9.3.1.5) Withdrawals or discharges in the reporting year
Select from:
☑ Yes, withdrawals and discharges
(9.3.1.7) Country/Area & River basin
United States of America
☑ St.
Row 77
(9.3.1.1) Facility reference number
Select from:
☑ Facility 99
(9.3.1.3) Value chain stage
Select from:
☑ Direct operations
(9.3.1.4) Dependencies, impacts, risks, and/or opportunities identified at this facility
Select all that apply
636
☑ Risks
(9.3.1.5) Withdrawals or discharges in the reporting year
Select from:
☑ Yes, withdrawals and discharges
(9.3.1.7) Country/Area & River basin
United States of America
☑ St.
https://www.avient.com/sites/default/files/2021-09/avient2020sustainabilityreport-9-2-21.pdf
St.
In this way, we also keep today’s waste from becoming tomorrow’s contamination.
0
ZERO
Reportable Releases
IN EXCESS OF PERMITTED LEVEL
TO THE ENVIRONMENT SINCE 2013
0
10
20
30
40
50
60
Total Waste Intensity
K
g
W
a
st
e
/M
T
P
ro
d
u
ct
io
n
0
6,500
13,000
19,500
26,000
2016 2017 2018 2019* 2020*
Total Waste
M
e
tr
ic
T
o
n
s
*To facilitate year over year comparisons, 2019 and 2020 metrics for Planet categories have been presented on a pro forma basis inclusive of the acquisition of the Clariant Masterbatch business.
1) 2019 and 2020 figures are pro forma to include a full year of the
acquired Clariant Masterbatch business
(2) 2021 EPS figure reflects management guidance as of July 30, 2021
earnings call
4%
8%
10%
15%
21%
23%
** 2020 Pro Forma for Clariant Masterbatch acquisition
0
10
20
30
40
50
60
He
alt
hc
ar
e
High Growth End Markets
2006 2020 PF**
22%
58%
E
n
d
M
a
rk
e
t
R
e
v
e
n
u
e
a
s
a
%
o
f
T
o
ta
l
Co
ns
um
er
Pa
ck
ag
ing
0%
20%
40%
60%
80%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2020 PF**
$14M $117M $273M $527M
Adjusted EBITDA* from Specialty Platform
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
*
Specialty EBITDA
DistributionJV’s Performance
Products & Solutions
Specialty
Applications
* Adjusted EBITDA is EBITDA excluding corporate costs and special items
** 2020 Pro Forma for Clariant Masterbatch acquisition
7%
46%
87%
66%
A Specialty Transformation Poised for Future Growth
0
10
20
30
40
50
60
Building & Construction
2006 2020 PF**
38%
9%
E
n
d
M
a
rk
e
t
R
e
v
e
n
u
e
a
s
a
%
o
f
T
o
ta
l
����
����
����
����
����
Adjusted EPS Growth
2019PF(1) 2020PF(1) 2021F(2)
$1.93
$3.00
$1.74
31%
CA
GR
HOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Metrics | Index
Sustainability Report | 2020 74
https://www.avient.com/company/policies-and-governance/code-conduct
*Avient Sustainable Solutions definitions aligned with F TC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro forma to include full year of the Clariant Masterbatch business
2016 2017 2018 2019 2020PF**
Revenue from Sustainable Solutions* 2016–2020
Lightweighting
Recycle Solutions
VOC Reduction
Human Health &
Safety
Reduced Energy Use
Bio-polymers
Eco-conscious
Sustainable
Infrastructure
Sustainable Solutions
Performance
As highlighted in our Products section, Avient has
a highly-technical and broad portfolio of material
solutions that help our customers—and our planet—
be more sustainable.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
St.
Clinton, Tennessee 10.Shenzhen, China 10.Assesse, Belgium
10.Dyersburg, Tennessee Jurong, Singapore (3) 11.Cergy, France
11.Pasadena, Texas 11.Diadema, Brazil 12.Tossiat, France
12.Seabrook, Texas 12.Joinville, Brazil 13.Bendorf, Germany
13.Orangeville, 13.Birmingham, AL (6) 14.Gyor, Hungary
Ontario, Canada (13 manufacturing plants) 15.Kutno, Poland
14.St.
Two purported class actions have been filed in the Circuit
Court of St.
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_5.pdf
St.
Portfolio Transformation Provides Foundation for Sustainable Long-Term Growth
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2006 2014 2023
10.9%
5.4%
16.0%
A
d
ju
st
e
d
E
B
IT
D
A
M
a
rg
in
%
Total Company Revenue
60%+
Key Growth
Drivers
Sustainable
Solutions
Overlap
Composites, Healthcare,
Asia/LATAM
Other
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | About Us | People | Products | Planet | Performance | Metrics | Index Sustainability Report | 2023 66Sustainability Report | 2023 66
https://www.avient.com/company/policies-and-governance-0/code-conduct
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
(1)2020 is Pro Forma to include full year of the Clariant Color business
(2)2022 is Pro Forma for the acquisition of APM and the divestiture of Distribution
Revenue from Sustainable Solutions*Sustainable
Solutions
Performance
As highlighted in our Products section, Avient has a highly
technical and broad por tfolio of materials solutions that help our
customers—and our planet—be more sustainable.