https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Investor%2520Day%25205-18-15.pdf
Garratt
Senior Vice President, President of
Performance Products & Solutions
John Midea
Senior Vice President,
Global Operations & Process
Improvement
Mark Crist
Senior Vice President, President of
PolyOne Distribution
Cathy Dodd
Vice President, Marketing
Chris Murphy
Vice President, Research & Development,
Chief Innovation Officer
Kurt Schuering
Vice President, Global Key Account
Management
The Leaders Behind the Team
PolyOne Corporation Page 8
Commodity to Specialty Transformation
• Volume driven,
commodity producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2014 2015 and beyond
• Steve Newlin
appointed, Chairman,
President and CEO
• New leadership team
appointed
• Implementation of four
pillar strategy
• Focus on value based
selling, investment in
commercial resources
and innovation to drive
transformation
• Substantial EPS growth
from $0.13 to all-time
high of $1.80
• Shift to faster growing,
high margin, less
cyclical end markets
• Key acquisitions propel
current and future
growth, as well as
margin expansion
• Specialty mix expands
to 65% of Operating
Income – strongest mix
of earnings in history
• Accelerating growth
• Deliver consistent
double digit annual
EPS growth
• Maintain >35% vitality
index
• Pursue strategic
acquisitions that
expand specialty
offerings and
geographic breadth
• Invest and grow
current and next
generation talent
PolyOne Corporation Page 9
2006 2014
“Where we were” “Where we are”
Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 14.7%
Global Specialty Engineered Materials 1.1% 12.1%
Designed Structures & Solutions 1.4%(2012) 7.3%
Performance Products & Solutions 5.5% 7.7%
Distribution 2.6% 6.1%
Specialty Platform % of
Operating Income 6.0% 65%
ROIC 5.0% 11.3%
Adjusted EPS Growth N/A 37%
Proof of Performance
PolyOne Corporation Page 10
2%
34% 43%
62% 65%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2014
%
o
f O
pe
ra
tin
g
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
Old
PolyOne
Mix Shift Highlights Specialty Transformation
New
PolyOne Transformation
Specialty OI $5M $46M $87M $195M $242M
*Operating Income excludes corporate charges and special items
PolyOne Corporation Page 11
2014 2015 Target
“Where we are” (Est. in 2012)
Operating Income %
Specialty:
Global Color, Additives & Inks 14.7% 12 – 16%
Global Specialty Engineered Materials 12.1% 12 – 16%
Designed Structures & Solutions 7.3% 8 – 10%
Performance Products & Solutions 7.7% 9 – 12%
Distribution 6.1% 6 – 7.5%
Specialty Platform % of
Operating Income 65% 65 – 75%
ROIC 11.3% 15%
Adjusted EPS Growth 37% Double Digit Expansion
Proof of Performance
PolyOne Corporation Page 12
• Sold non-core resin assets – EPS dilutive
• Completed acquisition of Spartech
• Housing starts below 1.25 million units
Single family units 30% below expectations
• Longstanding weakness in Europe, and
decline in Euro
Successfully Navigating Change Since 2012
PolyOne Corporation Page 13
-100%
0%
100%
200%
300%
400%
500%
600%
POL S&P 500
Strategy and Execution Drive Results
$0.12
$0.27
$0.21
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
'06 '07 '08 '09 '10 '11 '12 '13 '14
‘06-‘14 Adjusted EPS CAGR = 40%
Adjusted EPS Share Price vs.
Van Hulle
President, Global Color, Additives & Inks
PolyOne Corporation Page 16
Appliances
2%
Building &
Construction
12%
Consumer
7%
Electrical &
Electronics
1%
Healthcare
6%
Industrial
14%
Packaging
31% Textiles
7%
Transportation
8%
Wire & Cable
12%
2014 Revenue by
Industry Segment
2014 Revenues:
$0.9 Billion
At a Glance
Global Color, Additives & Inks
United States
44%
Europe
36%
Canada
2%
Asia
12%
Latin America
6%
PolyOne Corporation Page 17
A Case Study for Transformational Success
1.7%
4.6% 5.1%
5.5%
7.2%
8.1%
9.7%
12.2%
14.7%
2006 2007 2008 2009 2010 2011 2012 2013 2014
Operating Margin
$9
$26 $28 $25
$43
$50
$75
$104
$125
2006 2007 2008 2009 2010 2011 2012 2013 2014
Operating Income ($M)
• Cultural mindset shift
from volume to value
• Customer centric focus
and training
• Differentiation with
innovation and service
• Acquisitions expand
portfolio of technology
Global Color, Additives & Inks
PolyOne Corporation Page 18
395
262
2006 2014
From Volume…
(lbs in millions)
-34%
$94
$293
2006 2014
To Value
Gross Margin
($ in millions)
+210%
Global Color, Additives & Inks
PolyOne Corporation Page 19
Accelerating Growth
Global Color, Additives & Inks
Innovation
Market Growth/
Megatrends
Geographic
Expansion
Collaboration
PolyOne Corporation Page 20
Who We Are Growing With
Global Color, Additives & Inks
PolyOne Corporation Page 21
Innovation Pipeline Potential
Global Color, Additives & Inks
Addressable Market
($ millions)
$300 $500 $400
Prototype Frame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
3
3
5
0
1
8
3 1 1
5
1
1
1
1
0
Breakthrough
Platform
Derivative
PolyOne Corporation Page 22
Megatrends Aligned with Key End Markets
Increasing
Energy
Efficiency
Protecting
the
Environment
Improving
Health and
Wellness
Megatrend End Markets
Globalizing
and
Localizing
Health &
Wellness
Transportation
Packaging
Consumer
Global Color, Additives & Inks
PolyOne Corporation Page 23
$150M
Revenue
Potential
$500M
Revenue
Potential
Additive
Technologies
InVisiOSM Color &
Design Services
Key Initiatives
Global Color, Additives & Inks
PolyOne Corporation Page 24
Innovation Market Growth /
Megatrends
Geographic
Expansion
Collaboration
Platinum Vision
1.7%
7.2%
14.7%
20%+
2006 2010 2014 2020
Platinum
Vision
World Class Operating Margin
Accelerating Growth
Global Color, Additives & Inks
PolyOne Corporation Page 25
Summary
• Global Capabilities
• Innovation Leader
• Collaboration – One PolyOne
Global Color, Additives & Inks
Color Matters
PolyOne Corporation Page 26
Global Specialty Engineered Materials
Craig M.
url=http://appliancerepair-salt-lake-city.com/sub-zero-appliance-repair-salt-lake-city/subzero-3d-logo/&rct=j&frm=1&q=&esrc=s&sa=U&ei=-vQmVb-MCefIsQTwwYHQAg&ved=0CBYQ9QEwAA&sig2=qX2fTujBfVO6eYzgLN-xVg&usg=AFQjCNHoUQFUZn7iH7fwVxOz9-WdcIpngA
PolyOne Corporation Page 72
2014 Awards and Recognitions
PolyOne Corporation Page 73
2014 Financial Highlights
$131
$151
$191
$262
$320
Adjusted Operating
Income
$0.68
$0.82
$1.00
$1.31
$1.80
Adjusted EPS
($ millions)
PolyOne Corporation Page 74
2006 2015 Target 2014
“Where we were” (Est. in 2012) “Where we are”
Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12 – 16% 14.7%
Global Specialty Engineered Materials 1.1% 12 – 16% 12.1%
Designed Structures & Solutions 1.4%(2012) 8 – 10% 7.3%
Performance Products & Solutions 5.5% 9 – 12% 7.7%
Distribution 2.6% 6 – 7.5% 6.1%
Specialty Platform % of
Operating Income 6.0% 65 – 75% 65%
ROIC 5.0% 15% 11.3%
Adjusted EPS Growth N/A Double Digit Expansion 37%
Proof of Performance & 2015 Targets
PolyOne Corporation Page 75
2,883
2,565
2006 2014
Volume
(lbs in millions)
-11%
$219
$451
2006 2014
Commercial Investment
($M)
+105%
$303
$770
2006 2014
Adjusted
Gross Margin ($M)
+154%
*Total SG&A
Ours is Not a Cost Cutting Story
Investment in
Commercial Resources…
Drives Mix Improvement AND
Gross Profit $$ Expansion
PolyOne Corporation Page 76
Financial Strength
$76
$222
$154
$105
$176 $179
$230
2008 2009 2010 2011 2012 2013 2014
Adjusted Cash Flow from
Operations
($ in millions)
18.9%
11.7%
9.6% 9.6%
10.8% 10.9%
9.9%
2008 2009 2010 2011 2012 2013 2014
Working Capital %
of Sales
PolyOne Corporation Page 77
Financial Flexibility
$49
$317
$600
2015 2020 2023
Debt Maturities
As of December 31, 2014
($ millions)
Coupon: 7.500% 7.375% 5.250%
2.6x
2.0x
1.8x
1.9x
2011 2012 2013 2014
Net Debt / Adjusted EBITDA
PolyOne Corporation Page 78
Shares
Purchased
(M)
2012 1.2
2013 5.0
2014 6.3
Cash to Generate Value
Expand marketing,
commercial and technical
capabilities
Leverage supplier
partnerships for
innovation
Organic
Growth
Acquisitions
Share
Repurchases
Dividends
$0.16
$0.20
$0.24
$0.32
$0.40
$0.10
$0.20
$0.30
$0.40
$0.50
2011 2012 2013 2014 2015
Annual Dividend Targets that expand:
• Specialty offerings
• End market
presence
• Geographic
breadth
PolyOne Corporation Page 79
PolyOne Corporation Page 80
PolyOne Corporation Page 81
2020 Platinum Vision
Robert M.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_USA.pdf
Our Code of
Conduct
2023
Table of Contents
A Message from the CEO 1
Our Vision and Strategy 2
Core and Personal Values 2
Our Code of Conduct
Guidelines for Ethical Behavior 4
Personal Values 4
Resolving Questions and Reporting
Non-Compliance Situations 6
Ethics Hotline 6
Non Retaliation 6
Code of Conduct Application 7
Violations of the Code 7
Respect for All
Diversity and Inclusion 9
Discrimination or Harassment 9
Workplace Relationships 9
Substance Abuse 10
Physical Security and Workplace Violence 10
Honesty at Work
Accurate Information, Data and Records 12
Accounting Integrity 12
Company Communications 14
Safeguarding and Use of Assets 14
Proprietary and Confidential Information,
Ideas and Intellectual Property 14
Privacy, Personal Information and
Data Protection 15
Internet and E-mail Use 15
Social Media and Social Networking 15
Computer Security, Software Licensing
and Copyrights 16
Insider Information and Trading 16
Political Contributions/Activities and
Charitable Contributions 17
Government Investigations and Inquiries 17
Integrity in Our Business
Fair Dealing 19
Bribery and Kickbacks 19
Agents and Consultants 20
Competition 20
Gifts and Hospitality 20
Conflicts of Interest 21
Self-Dealing 22
International Trade 22
Corporate Social Responsibility
Sustainability 24
Safety, Health and Environment 24
Product and Service Safety 25
Respecting Human Rights 25
A Shared Commitment 25
Resources and Contact
Information 26
1
HOME | TOC
A Message from the CEO
Dear Avient Associates,
As part of a growing, global company, we are faced with challenging situations and complex decision making.
We need to exhibit these values in our interactions with those with whom
we work, our customers and suppliers, and within the communities where we live.
9
HOME | TOC
Diversity and Inclusion
At Avient, our style of openness and trust permits us to
face all challenges honestly; it is grounded in our basic
respect for each individual.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-arabic-a4.pdf
تاريخ التحديث: فبراير 2021
سياسة Avient العاملية بشأن
مكافحة االحتكار
املحتويات
1 دليل االمتثال
1 نظرة عامة عىل السياسة
2 نظرة عامة عىل قوانني مكافحة االحتكار األمريكية
3 انتهاكات قانون مكافحة االحتكار
3 الجوانب املثرية للمخاوف املحتملة فيام يتعلق مبكافحة االحتكار
5 الخالصة
6 اإلبالغ عن االنتهاكات املحتملة
6 Avient الخط الساخن لألخالقيات يف
7 القامئة املرجعية ملكافحة االحتكار
9 املرجع الرسيع: األوامر والنواهي فيام يتعلق مبكافحة االحتكار
دليل االمتثال
تلتزم Avient بتعزيز املنافسة العادلة واقتصاد السوق الحرة.
احرتم استقاللية عميلك؛ ال تفرض عليه سعرًا، أو أية قيود إقليمية، أو . 9
قيود عىل العمالء أو املستخدمني النهائيني، فيام يتعلق بقدرة عميلك
عىل إعادة بيع منتجات Avient، دون الحصول عىل موافقة مسبقة من
.Avient إدارة الشؤون القانونية لدى
ال تُربم أي اتفاق، أو تفاهم أو تُجري أي مناقشة، مع أي عميل فيام يتعلق . 10
باختيار Avient ألي عميل أو إنهائها التعامل معه، أو بشان الرشوط التي
تتعامل، أو قد تتعامل، مبوجبها Avient مع أي عميل آخر، مبا يف ذلك
نوع املنتجات التي ستبيعها، واألطراف التي ستبيعها إليها، وأسعار تلك
املنتجات، واألقاليم أو األسواق التي سيتم بيعها فيها.
واتصل بإدارة الشؤون القانونية لدى Avient عندما تسنح أول
فرصة لذلك، وقم بتوثيق الواقعة.
9
المحتويات سياسة مكافحة االحتكار المنقحة لعام 2021
www.avient.com
أمريكا الشمالية
المقر العالمي آفون ليك، الواليات
المتحدة األمريكية
ووكر رود آفون ليك، أوهايو ، 33587
الواليات المتحدة 44012
الخط المجاني: 9663 765 866 1+
الهاتف: 1000 930 440 1+
الفاكس:3064 930 440 1+
آسيا والمحيط الهادئ
المقر اإلقليمي بشنغهاي الصين
ف، بلوك سي 200 جينسو رود2
بودونغ، 201206، شنغهاي، الصين
الهاتف: 4888 6028 21 (0) 86+
الفاكس: 4999 6028 21 (0) 86+
أمريكا الجنوبية
المقر اإلقليمي ساو باولو ، البرازيل
جادة فرانسيسكو ناكاساتو، 1700
إتوبيفا، ساو باولو، 000- 13295
البرازيل
الهاتف: 9200 4593 11 55+
أوروبا
المقر اإلقليمي بومرلوتش،
لوكسمبورغ
طريق باستون بومرلوتش، 19
L-9638 ،لوكسمبورغ
الهاتف: 35 050 269 352+
الفاكس: 45 050 269 352+
http://www.avient.com
دليل الامتثال
نظرة عامة على السياسة
هل تعلم؟
نظرة عامة على قوانين مكافحة الاحتكار الأمريكية
هل تعلم؟
انتهاكات قانون مكافحة الاحتكار
هل تعلم؟
الجوانب المثيرة للمخاوف المحتملة فيما يتعلق بمكافحة الاحتكار
الخلاصة
الإبلاغ عن الانتهاكات المحتملة
الخط الساخن للأخلاقيات في Avient
الخط الساخن للأخلاقيات في
القائمة المرجعية لمكافحة الاحتكار
المرجع السريع: الأوامر والنواهي فيما يتعلق بمكافحة الاحتكار