https://www.avient.com/sites/default/files/resources/POL%2520KeyBanc%2520IR%2520Presentation%2520w%2520non-GAAP%252009%252010%25202013.pdf
EPS: $1.00
$0.54
$0.68
$0.30
$0.45
$0.60
$0.75
H1'12 H1'13
Adjusted EPS
$101.0
$132.6
$50.0
$100.0
$150.0
H1'12 H1'13
Adjusted Operating Income
(millions)
+31%
$68.8
$97.7
$50.0
$75.0
$100.0
H1'12 H1'13
Specialty Operating Income
(millions)
First Half 2013 Financial Highlights
• Adjusted EPS increased 26% over prior
year first half
• Operating Income expanded 31%
versus first half 2012
• Specialty operating income up 42%
• Revenue grew 22% versus 1H ‘12
• Portfolio transformation activities
Completed acquisition of Spartech
Divested non-core Resin business
+26%
+42%
Page 12
• Significant Debt Maturities $ 1,010
Other Debt 21
• Total Debt at 6/30/13
Less: Cash
Net Debt
• Available Liquidity
Cash
ABL Availability
Total Liquidity
• Net Debt / EBITDA = 1.9x
• Net Debt / EBITDA = 2.1x*(tax adjusted)
$392
310
$702
$1,031
392
$639
$50
$360
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of June 30, 2013
($ millions)
Page 13
Coupon Rates: 7.500% 7.375% 5.250%
*Pro Forma TTM for taxes on resin gain
Debt Maturities & Liquidity Summary – 6/30/13
Cash Balance = $392M
Net Debt / EBITDA* = 1.9x
• Repurchased
~3.0M shares
YTD in 2013
• 17 million shares
are available for
repurchase under
the current
authorization
Share
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)
• CAPEX
Organic
Growth
• Targets that expand our:
• Specialty offering
• End market presence
• Geographic footprint
• Synergy opportunities
• Adjacent material solutions
• North American
manufacturing alignment
Acquisitions
*TTM 6/30/2013
Use of Cash
Page 14
Why Invest In PolyOne?
Net debt $ 638.8
Adjusted EBITDA Q3 2012 Q4 2012 Q1 2013 Q2 2013 Total
PolyOne Income before income taxes $ 30.6 $ (1.1) $ 15.7 $ 62.9 $ 108.1
PolyOne Interest expense, net 12.4 13.7 15.6 16.6 58.3
PolyOne Depreciation and amortization 17.0 15.5 19.0 25.8 77.3
PolyOne Special items in EBITDA 8.3 26.5 27.7 (5.2) 57.3
PolyOne Adjusted EBITDA 68.3 54.6 78.0 100.1 301.0
Pro forma Spartech EBITDA 16.8 14.7 11.2 - 42.7
Pro forma EBITDA $ 85.1 $ 69.3 $ 89.2 $ 100.1 $ 343.7
PolyOne Investor Presentation�KeyBanc 2013 Capital Markets’ �Basic Materials & Packaging Conference��September 10th, 2013�
Forward – Looking Statements
Use of Non GAAP Measures
Strategy and Execution Drive Results
Four Pillar Strategy
PolyOne�At A Glance
Mix Shift Highlights Specialty Transformation
Proof of Performance & 2015 Goals
Innovation Drives Earnings Growth
We are Experts in Polymer Science and Formulation
Positioned for Strong Growth
First Half 2013 Financial Highlights
Debt Maturities & Liquidity Summary – 6/30/13
Use of Cash
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2023-10/SEM Automotive Aftermarket Rendering Application Bulletin.pdf
APPLICATION BULLETIN
DIMENSIONAL
STABILITY
Tight tolerances, minimal warp
SOLUTION: Long fiber
reinforced composites with
polyketone (PK)
POSSIBILITIES: Roof rack
structures, running boards,
brackets, component housings
STRENGTH
High strength-
to-weight ratio,
comparable to metal
SOLUTION: Long fiber
reinforced composites
POSSIBILITIES:
Tubular door frames,
accessory motor
mounts, tailgate
locking systems
MANUFACTURING EASE
Injection moldable, design freedom,
insert molding, part consolidation
SOLUTION: Long fiber reinforced
composites
POSSIBILITIES: Seating shells,
seat base components, tubular door
frames, accessory linkages
IMPACT
RESISTANCE
Durable in rugged
environments and uses
SOLUTION: Maximum
toughness long fiber
reinforced composites
POSSIBILITIES: Side steps,
bed steps, roof racks,
brackets, bed extenders,
tie downs
CORROSION
RESISTANCE
Metal replacement,
eliminate secondary
coatings
SOLUTION: Long fiber
reinforced composites
POSSIBILITIES: Underbody
skid plate components,
fuel doors, fasteners
SUSTAINABILITY
PIR/PCR content incorporation
with high strength, lightweighting
for fuel economy
SOLUTION: Recycled content
long fiber reinforced composites
POSSIBILITIES: Roof rack
structures, fender flares, rail
covers, tail light protectors
LIGHTWEIGHTING
30–40% weight reduction
when switching from metal
SOLUTION: Long carbon
fiber reinforced composites
POSSIBILITIES: Motor
mounts, seating components,
accessory mounts
EXTREME
PERFORMANCE
High and low temperature
performance, maintained
properties with UV exposure,
moisture performance
SOLUTION: Long fiber
reinforced composites
POSSIBILITIES: Tail
light protectors, fender
flairs, guards, underbody
components
SURFACE AESTHETICS
Color matches, fiber-rich or
glossy surfaces, carbon fiber
appearance
SOLUTION: Moisture-resistant
long fiber reinforced composites
POSSIBILITIES: Lighting bars,
side steps, bed steps, bike
mounting brackets, cargo carriers
NEXT-GEN
UPGRADES
Transform your aftermarket parts
with efficient, lightweight long
fiber thermoplastic solutions that
redefine performance with strength,
toughness, and design freedom.
Together, we can
elevate the driving experience, surpass expectations,
and shape the future of automotive aftermarket
components.
1.844.4AVIENT
www.avient.com
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2023-07/Avient_RY 2022 CDP Verification Opinion Declaration_07-24-23%5B30%5D.pdf
Page 3
WATER RESOURCES • ENVIRONMENTAL SERVICES • INDUSTRIAL HYGIENE • SAFETY • SUSTAINABILITY
Apex Companies, LLC • (800) 733‐2739 • www.apexcos.com
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management services including assurance with over 30 years history in providing these services.
Miami, Florida Lakewood, Colorado
July 24, 2023
This verification declaration including the opinion expressed herein, is provided to Avient and is solely for the benefit of Avient in
accordance with the terms of our agreement.