https://www.avient.com/resources/safety-data-sheets?page=1438
PG 532150.02 RD PP
UV PURPLE PP
GRV-UR-077-W-NAT
https://www.avient.com/resources/safety-data-sheets?page=1687
X GRV-15640-01-2
PP WHITE
PP BLUE
https://www.avient.com/resources/safety-data-sheets?page=1278
PG 59749.00 PEARL RD PP
GRV-TE-094-W-NAT
PP FR 8-6 LMS-1000
https://www.avient.com/resources/safety-data-sheets?page=1524
GRV-NY-037-W-SS-BLK
PG 71050.00 RD PP
PG 164101.01 WT PP
https://www.avient.com/sites/default/files/2024-10/Hydrocerol Chemical Foaming Agents Brochure.pdf
Grades are
available for polyolefins, PP, PC/ABS, ABS, PA6—
filled and reinforced polymers included—and
others on request.
Weight reductions
between 15 and 30% can be reached in standard
monolayer and co-extruded applications.
Extrusion-specific concentrates are available for
most common packaging resins, including PP, PE,
PS, PET, and PLA.
https://www.avient.com/investor-center/news/polyone-announces-third-quarter-2017-results
Nine Months Ended
September 30,
Nine Months Ended
September 30,
Nine Months Ended September 30,
https://www.avient.com/investor-center/news/polyone-announces-second-quarter-2018-results
Six Months Ended
June 30,
Six Months Ended June 30,
June 30, 2018
https://www.avient.com/sites/default/files/resources/POL%2520CFA%2520IR%2520Presentation%2520w%2520non%2520GAAP%252011%252019%25202013.pdf
EPS: $2.50
Assumptions
• Mid single digit revenue CAGR
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Housing starts at 85% of 50 year
norm by 2015
• Remain comfortably below 3X Net
Debt / EBITDA
Page 10
2012
Rev: $2.9B
Adj.
EPS: $1.00
$0.28
$0.36
$0.20
$0.30
$0.40
Q3 '12 Q3 '13
Adjusted EPS
$51.8
$72.4
$40.0
$60.0
$80.0
Q3 '12 Q3 '13
Adjusted Operating Income
(millions)
40%
$31.7
$55.3
$20.0
$40.0
$60.0
Q3 '12 Q3 '13
Specialty Operating Income
(millions)
Q3 2013 Financial Highlights
• Adjusted EPS increased 29% over prior
year
• Adjusted Operating Income expanded
40% versus Q3 2012
• Specialty operating income up 74%
• Revenue increases 43% versus Q3 2012
• Portfolio transformation activities
Completed acquisition of Spartech
Divested non-core Resin Business
29%
74%
Page 11
Significant Debt Maturities
Other Debt
Total Debt at 9/30/13
Less: Cash
Net Debt
Available Liquidity
Cash
ABL Availability
Total Liquidity
Net Debt / EBITDA* = 1.9x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of September 30, 2013
($ millions)
Page 12
Coupon Rates: 7.500% 7.375% 5.250%
Debt Maturities & Liquidity Summary – 9/30/13
$ 965
22
$ 987
323
$ 664
$ 323
308
$631
*TTM 9/30/2013
Cash Balance = $323M
Net Debt / EBITDA* = 1.9x
• Repurchased 3.8M
shares YTD in
2013
• 16.2 million shares
are available for
repurchase under
the current
authorization
• Repurchased $45
million, par value,
of higher coupon
bonds YTD
Share/Bond
Repurchase
• Introduced a
quarterly dividend
in Q1 2011 and
increased in Q1
2012 (25%) and
Q1 2013 (20%)
• Objective of
maintaining and
growing
Dividends
• Expanding our
sales, marketing,
and technical
capabilities is top
priority
• Investing in
operational and
LSS initiatives
(including synergy
capture)
• North American
manufacturing
alignment
• CAPEX
Organic
Growth
• Targets that expand our:
• Specialty offering
• End market presence
• Geographic footprint
• Synergy opportunities
• Adjacent material solutions
Acquisitions
*TTM 9/30/2013
Use of Cash
Page 13
Why Invest In PolyOne?
Three Months Ended
September 30, 2013
Three Months Ended
September 30, 2012 (a)
Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS
Net income from continuing operations attributable to PolyOne shareholders $ 23.2 $ 0.24 $ 19.4 $ 0.22
Special items, after tax 10.5 0.11 5.3 0.06
Tax adjustments (b) 1.8 0.01 0.1 -
Adjusted net income / EPS $ 35.5 $ 0.36 $ 24.8 $ 0.28
Three Months Ended
September 30,
Reconciliation to Condensed Consolidated Operating Income 2013 2012 (a)
Operating income before special items $ 72.4 $ 51.8
Special items in operating income (10.8) (8.3)
Operating income, GAAP $ 61.6 $ 43.5
(a) Adjusted to reflect the resins business as a discontinued operation.
https://www.avient.com/resources/safety-data-sheets?page=2568
X GRV-15640-02-1
PG 104629.00 GN PP
PP DARK AQUA 3
https://www.avient.com/resources/safety-data-sheets?page=2629
X GRV-TE1-045-SS-W-BLK V3
BRITE WHITE CAP PP
PP FR 8-6 LMS-1000