https://www.avient.com/sitemap
Dodd as Vice President, Marketing
Dodd to President of Distribution
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.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
ELECTION OF BOARD OF DIRECTORS
22 PROXY STATEMENT 2024 | Annual Meeting of Shareholders
PROPOSAL 2 — APPROVAL, ON AN ADVISORY BASIS, OF
NAMED EXECUTIVE OFFICER COMPENSATION
As required under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank
Act") and Section 14A of the Securities Exchange Act of 1934 (the “Exchange Act”), our Board is submitting
a “Say on Pay” proposal for shareholder consideration.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Annual%2520Report.pdf
Other developments, such as increasingly strict environmental, safety and health laws,
regulations and related enforcement policies, including those under the Restrictions on the Use of Certain
Hazardous Substances (RoHS), Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), the
Dodd-Frank Wall Street Reform and Consumer Protection Act (covering Conflict Minerals), and the Consumer
Product Safety Improvement Act, the implementation of additional content-specific standards, discovery of unknown
conditions, and claims for damages to property, persons or natural resources resulting from plant emissions or
products, could also result in additional costs or liabilities.
DODD
Vice President, Marketing
MICHAEL A.
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
Other developments, such as increasingly strict environmental, safety and health laws,
regulations and related enforcement policies, including those under the Restrictions on the Use of Certain
Hazardous Substances (RoHS), Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), the
Dodd-Frank Wall Street Reform and Consumer Protection Act (covering Conflict Minerals), and the Consumer
Product Safety Improvement Act, the implementation of additional content-specific standards, discovery of unknown
conditions, and claims for damages to property, persons or natural resources resulting from plant emissions or
products, could also result in additional costs or liabilities.
DODD
Vice President, Marketing
MICHAEL A.
https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
Director since: 2011
Age: 60
Current Public Company Directorships:
• Anzu Special Acquisition Corp I
Former Directorships:
• Ashland
• Carpenter
• Valvoline
ADVISORY VOTE
PROXY STATEMENT 2022 | Annual Meeting of Shareholders 23
PROPOSAL 2 — ADVISORY VOTE TO APPROVE NAMED
EXECUTIVE OFFICER COMPENSATION
As required under the Dodd-Frank Wall Street Reform and Consumer Protection Act and Section 14A of
the Securities Exchange Act of 1934 (the “Exchange Act”), our Board is submitting a “Say on Pay” proposal
for shareholder consideration.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Proxy%2520Statement%25202016.pdf
ADVISORY VOTE
12
PROPOSAL 2 — ADVISORY VOTE TO APPROVE NAMED
EXECUTIVE OFFICER COMPENSATION
As required under the Dodd-Frank Wall Street Reform and Consumer Protection Act and Section 14A of the
Exchange Act, our Board is submitting a “Say on Pay” proposal for shareholder consideration.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202018.pdf
Garratt
Senior Vice President &
Chief Commercial Officer
João José San Martin Neto
Senior Vice President and
Chief Human Resources Officer
Cathy Dodd
Vice President
Marketing
Mark Crist
Senior Vice President,
President of Color, Additives & Inks
Lisa Kunkle
Senior Vice President,
General Counsel & Secretary
Chris Murphy
Vice President,
Research & Development,
Chief Innovation Officer
T H E L E A D E R S B E H I N D T H E T E A M
PolyOne Corporation 6
Robert M.
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
Other developments, such as increasingly strict environmental, safety and health laws, regulations and
related enforcement policies, including those under the Restrictions on the Use of Certain Hazardous
Substances (RoHS), Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), the
Dodd-Frank Wall Street Reform and Consumer Protection Act (covering Conflict Minerals), and the
Consumer Product Safety Improvement Act, the implementation of additional content-specific standards,
discovery of unknown conditions, and claims for damages to property, persons or natural resources
resulting from plant emissions or products, could also result in additional costs or liabilities.
DODD
Vice President, Marketing
JAVIER A.
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
Other developments, such as increasingly strict environmental, safety and health laws,
regulations and related enforcement policies, including those under the Restrictions on the Use of
Certain Hazardous Substances (RoHS), Registration, Evaluation, Authorization and Restriction of
Chemicals (REACH), the Dodd-Frank Wall Street Reform and Consumer Protection Act (covering
Conflict Minerals), and the Consumer Product Safety Improvement Act, the implementation of
additional content-specific standards, discovery of unknown conditions, and claims for damages to
property, persons or natural resources resulting from plant emissions or products, could also result in
additional costs or liabilities.
DODD
Vice President, Marketing
JAVIER A.