https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520RW%2520Baird%2520Global%2520Industrial%2520Conference%2520-%252011%253A8%253A2016.pdf
A reconciliation of each non-GAAP financial measure with the most directly
comparable GAAP financial measure is attached to this presentation which is posted
on our website at www.polyone.com.
4 POLYONE CORPORATION
About PolyOne
Reach
7,000 associates | 77 facilities | $3.4 B 2015 revenue
Global Presence
10,000 global customers | Americas, Europe, Africa, Asia |
Global sales, technical and manufacturing footprint
Solutions
35,000+ polymer solutions | 12 innovation centers |
Support for design through manufacturing
5 POLYONE CORPORATION
What We Do
Value
Formulation
Expertise Inputs
Base resins
Additives
Modifiers
Pigments
Expertise in
Polymer
Materials,
Services and
Solutions
OEMs
Brand Owners
Processers
Assemblers
Driving customer value with specialty products & services
Service
InVisiOSM Color
Services
IQ Design Labs
LSS Customer
First
POLYONE CORPORATION 6
CAI
23%
SEM
15%
DSS
13%
POD
29%
PPS
20%
2015 Revenue: $3.4 Billion
At a Glance
United
States
66%
Europe
13%
Canada
7%
Asia
7%
Latin
America
7%
$0.12
$0.27 $0.21
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
2015 Revenue: $3.4 Billion
2015 Operating Income: $322 Million
CAI
38%
SEM
23%
DSS
4%
POD
19%
PPS
16%
Adjusted Earnings Per Share
7 POLYONE CORPORATION
Old
PolyOne
*Operating Income excludes corporate charges and special items
2%
43%
65%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2020
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
80%+
Specialty OI $5M $87M $229M
Transformation
2020
Platinum
Vision
Platinum
Vision
Mix Shift Highlights Specialty Transformation
POLYONE CORPORATION 8
-$0.10
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
2009 2010 2011 2012 2013 2014 2015 2016
Adjusted Earnings Per Share
$0.56
3Q
-2%
0%
2%
4%
6%
8%
10%
12%
2009 2010 2011 2012 2013 2014 2015 2016
Adjusted Consolidated Operating Margin
2.8%
5.2%
5.6%
6.7%
8.3%
6.9%
9.5% 9.9%
3Q
28 Consecutive Quarters of EPS Growth
9 POLYONE CORPORATION
2006 2016 YTD 2020
“Where we were” “Where we are” Platinum Vision
1) Operating Income % of Sales
Specialty:
Color, Additives & Inks 1.7% 17.0% 20%+
Specialty Engineered Materials 1.1% 15.2% 20%+
Designed Structures & Solutions N/A 0.6% (TTM) 8 – 10%
Performance Products &
Solutions 5.5% 11.6% 12 – 14%
Distribution 2.6% 6.6% 6.5 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 60% 80%+
3) ROIC* 5.0% 11.6% 15%
4) Adjusted EPS Growth N/A 11.5% Double Digit
Expansion
Proof of Performance & 2020 Goals
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
POLYONE CORPORATION 10
2,883
2,414
2006 2015
Volume
(lbs in millions)
-16%
$103
$192
2006 2015
Commercial, R&D
and Marketing
Spending ($M)
+86%
$88
$322
2006 2015
Adjusted
Operating Profit ($M)
+266%
Ours is Not a Cost Cutting Story
11 POLYONE CORPORATION
Innovation Drives Earnings Growth
*Specialty Platform revenue from products introduced in last five years
$20
$53
2006 2015
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
14%
34%
2006 2015
CAI & SEM
Gross Margin
12%
43%
2006 2015
Target ≥ 35%
Innovation Pipeline Potential
12 POLYONE CORPORATION
Globalization
Specialization
Commercial
Excellence
Operational
Excellence
Growth in
urbanization
Changing
demographics
Climate and
resource
challenges
Increase of
individual
power
Evolution and
expansion of
healthcare
Strategic Growth Opportunities
Four Pillar Strategy Global Megatrends
Attractive
Revenue &
Margin Growth
Opportunities
13 POLYONE CORPORATION
Primary Industries Served
2015 Revenue: $3.4 Billion
Electrical &
Electronic
5%
Building &
Construction
12%
Appliance
4%
Industrial
14%
Wire & Cable
9%
Healthcare
11%
Consumer
10%
Packaging
13%
Transportation
20%
Focus End Markets
14 POLYONE CORPORATION
Therma-Tech™ & Sheet
GEON™ Vinyl
Polymer Colorants
Therma-Tech™
TPE’s & Film
TPE + OnForce™
Gravi-Tech™
Page 14
Film
Target End Markets… Healthcare
15 POLYONE CORPORATION
Sound & Vibration
Management
Fuel Handling
Systems
Interior & Exterior Trim
Structural Braces
& Brackets
Interior Structural
Components
Lighting
Air management
Electronics & Cameras
Fluid Handling
Target End Markets… Automotive
Underhood
Components
Roof Systems
16 POLYONE CORPORATION
PreservaPak™
OnColor™
Smart Batch™
VersaFlex™
TPE Cap Liner
ColorMatrix™
Amosorb™
Oxygen Scavenger
ColorMatrix™
Ultimate™ UV
Light Barrier
OnCap™
Laser Marking
Additives
Target End Markets… Packaging
17 POLYONE CORPORATION
Source: Outdoor Industry Association
TPE Vibration Dampening
(SEM/GLS)
TPE + OnForce
(SEM)
OnForce
(SEM)
Advanced Composites
(SEM)
TPE Vibration Dampening
(SEM/GLS)
Target End Markets… Outdoor High Performance
Thermoplastic Elastomers
(SEM)
Advanced Composites
(SEM)
Polymer Colorants
(CAI)
Sheet
(DSS)
TPE & Film
(SEM + DSS)
Advanced Composites
(SEM)
Polymer Colorants
(CAI)
Thermatech
(SEM)
Thermoplastic Elastomers
(SEM)
TPE + OnForce
(SEM)
OnForce
(SEM)
18 POLYONE CORPORATION
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales,
marketing, and
technical capabilities
Investing in operational
and LSS initiatives
~75% of capital
expenditures fund
growth initiatives Organic
Growth
Acquisitions
Share
Repurchases
Dividends Targets that expand
our:
• Specialty offerings
• End market
presence
• Geographic breadth
Synergy opportunities
Adjacent material
solutions
Repurchased 318,000
shares in Q3 2016
Repurchased 17.6
million shares since
early 2013
9.7 million shares are
available for
repurchase under the
current authorization
Increased annual
dividend by 12.5% to
$0.54 per share,
representing the sixth
consecutive year of
dividend growth
19 POLYONE CORPORATION
Returning Cash to Shareholders
$0.16
$0.20
$0.24
$0.32
$0.40
$0.48
$0.54
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
2011 2012 2013 2014 2015 2016 2017
Annual Dividend
Since 2011, we have returned nearly $800 million to shareholders
$130 million returned through dividends
$650 million returned through share repurchases
$650M
$0
$150
$300
$450
$600
$750
2011 2012 2013 2014 2015 Q3'16
Cumulative Share Repurchases
(in millions)
POLYONE CORPORATION 20
The New PolyOne: A Specialty Growth Company
Why Invest In PolyOne?
Investor Presentation - November 2016
IR Presentation - Q3 2016 - RW Baird.pdf
PolyOne Investor �Presentation�3Q 2016
Forward-Looking Statements
Use of Non-GAAP Measures
About PolyOne
What We Do
At a Glance
Slide Number 7
28 Consecutive Quarters of EPS Growth
Proof of Performance & 2020 Goals
Ours is Not a Cost Cutting Story
Innovation Drives Earnings Growth
Strategic Growth Opportunities
Primary Industries Served
Slide Number 14
Slide Number 15
Slide Number 16
Slide Number 17
Free Cash Flow and Strong Balance Sheet �Fund Investment / Shareholder Return
Returning Cash to Shareholders
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2024-11/reSound REC Recycled Content TPEs Selection Guide.pdf
Avient makes no representations, guarantees, or warranties of any kind with respect to the information contained in this document about its accuracy, suitability
for particular applications, or the results obtained or obtainable using the information.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
Our local facilities also host litter clean up events in our
communities and promote awareness about responsible waste management.
Detailed information about each
Director nominee’s background, qualifications, attributes, skills and experience can be found beginning
on page 17.
For more information about the 2023 modification
of Ms.
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
For additional detail related to this
risk, see Item 7A, Quantitative and Qualitative Disclosure About Market Risk.
These valuations reflect assumptions about financial markets and
interest rates.
See
Note 3, Goodwill and Intangible Assets, for information about goodwill and intangible assets.
https://www.avient.com/sites/default/files/2022-08/Schedule 2 a_b_c - SCCs_0.pdf
The Parties shall keep each other informed about such disputes and, where
appropriate, cooperate in resolving them.
The data importer agrees to notify the data exporter and, where possible, the data subject
promptly (if necessary with the help of the data exporter) if it:
i. receives a legally binding request from a public authority, including judicial
authorities, under the laws of the country of destination for the disclosure of
personal data transferred pursuant to these Clauses; such notification shall include
information about the personal data requested, the requesting authority, the legal
basis for the request and the response provided; or
ii. becomes aware of any direct access by public authorities to personal data
transferred pursuant to these Clauses in accordance with the laws of the country of
destination; such notification shall include all information available to the importer.
The Parties shall keep each other informed about such disputes and, where
appropriate, cooperate in resolving them.
https://www.avient.com/sites/default/files/2020-10/2020-gravi-tech-design-guide-.pdf
The
maximum height should be about 2.5 times the
nominal wall thickness (2 .5W) .
It is better to
fill out the part at slower speeds in-order to let
any compressed air escape, and to get the best
surface finish on the part.3
• Using all of the previous settings, record the
Transfer Pressure, Fill Time, and Injection
speed
• Reduce the injection velocity by 10% and
record the same values
Transfer
Pressure
(psi)
Fill
Time
(sec)
Injection
Velocity
(in/sec)
Relative
Shear Rate
Relative
Viscosity
1238 0 .20 8 .00 5 .00 247 .60
1125 0 .22 7 .00 4 .55 247 .50
1058 0 .25 6 .00 4 .00 264 .50
960 0 .35 5 .00 2 .86 336 .12
870 0 .45 4 .00 2 .22 391 .65
780 0 .58 3 .00 1 .72 452 .59
690 0 .85 2 .00 1 .18 586 .78
600 1 .35 1 .00 0 .74 810 .45
510 2 .50 0 .75 0 .40 1275 .83
420 5 .23 0 .50 0 .19 2198 .34
330 9 .56 0 .25 0 .10 3157 .99
240 15 .26 0 .10 0 .07 3667 .49
FIGURE 47 - Injection Speed
22 Gravi-Tech
• Keep reducing the injection velocity until a
fill time of 10-15 seconds is reached
• Calculate the Relative Viscosity for each of
the Injection Speeds using the equation
above (Transfer Pressure * Fill Time)
• Calculate the Relative Shear Rate for each of
the injection speeds using the equation
(1/Fill Time)
• Plot the points on a graph and find the
optimum velocity
• The optimum velocity will be where the
curve starts to level out
In figure 48 above, the optimum velocity is where
the plotted line crosses the black trend line;
therefore the optimum velocity would be about
1 .00 in/sec .
Avient makes no representations, guarantees, or warranties of any kind with respect to the information contained in this document about its accuracy, suitability
for particular applications, or the results obtained or obtainable using the information .
https://www.avient.com/sites/default/files/2022-03/Avient 2021 Annual Report.pdf
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To gauge how associates at Avient feel about our culture, we conduct employee engagement surveys.
For more information
about the noted risks, see Item 1A.
For
additional detail related to this risk, see Item 7A, "Quantitative and Qualitative Disclosures About Market Risk."
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About PolyOne