https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
AVIENT: WHO WE ARE
38
21
9
34
• U.S. and Canada
• Latin America
• Europe, Middle East & Africa
• Asia
25,000+
CUSTOMERS
Headquartered in Avon Lake, OH
(Cleveland)
8,700+ employees
100+ manufacturing plants
Key Financial Data
2022E Sales $5.1 billion
2022E EBITDA $635 million
2022E EPS $3.50
>70%
ARE CUSTOMIZED SOLUTIONS
TO UNIQUE SPECIFICATIONS
of
sales
3
W H O W E A R E – V I S I O N , S T R AT E G Y, C U LT U R E
4
Avient Corporation (NYSE: AVNT) provides
specialized and sustainable material solutions that
transform customer challenges into opportunities,
bringing new products to life for a better world.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Investor%2520Day%25205-18-15.pdf
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 65
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
PolyOne Distribution
PolyOne Corporation Page 66
Geographic Growth Opportunities
• Currently 10% of POD’s revenue is
generated from Mexico
• Existing business is served “from
the border”
• New Mexico district & warehouse
will drive transportation growth in
Central Mexico
• Expansion in China resulted from
growing with our NA HC customers
• Investing in sales deployments
• Localizing supply
• Gaining Share
PolyOne Distribution
PolyOne Corporation Page 67
Going Beyond Distribution
WeatherTech® –
Polymer BumpStep®
BEDRUG™ – Tri-fold
Truck Bed Cover
CeQur PaQ – Type 2
Insulin Delivery Device
PolyOne Distribution
PolyOne Corporation Page 68
Platinum Vision
2.6%
4.6%
6.1%
6.5 - 7.5%
2006 2010 2014 2020
Platinum
Vision
World Class Distribution Margin
Accelerating Growth
PolyOne Distribution
Market Growth/
Megatrends
Commercial Investment Cross-Selling &
Collaboration
Growth in
Targeted Areas
PolyOne Corporation Page 69
Summary
• Motivated and well trained POD sellers
making the calls / collaborating with other
PolyOne businesses
• Representing a world class supplier line card
• Delighted customers and
suppliers who choose us
to represent them
PolyOne Distribution
PolyOne Corporation Page 70
Financial Highlights
Bradley C.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
COMPENSATION DISCUSSION AND ANALYSIS
PROXY STATEMENT 2024 | Annual Meeting of Shareholders 49
The 2023 Corporate and Business Segment Annual Plan weightings reflect adjustments from 2022 as
follows:
Corporate Annual Incentive Program Measure 2022 Weighting 2023 Weighting
Adjusted Operating Income (Consolidated) 60% 70%
Working Capital as a % of Sales 20% 20%
Sustainability Objectives 20% 10%
Business Segment Annual Incentive Program Measure 2022 Weighting 2023 Weighting
Adjusted Operating Income (Consolidated) 20% 10.5%
Adjusted Operating Income (Business Segment results) 40% 59.5%
Working Capital as a % of Sales (Business Segment results) 20% 20%
Sustainability Objectives 20% 10%
We set appropriate performance goals in 2023 under the 2023 Annual Incentive Program that focused our
efforts on those factors that we believed were critical to our ongoing success, including earnings
improvement, cash generation from working capital, efficiencies in our operations, and the advancement
of sustainability initiatives.
Total attainment for these participants under the 2023
Annual Incentive Program was 52.5%, with the components consisting of (dollars in millions):
COMPENSATION DISCUSSION AND ANALYSIS
50 PROXY STATEMENT 2024 | Annual Meeting of Shareholders
2023 Corporate Plan Annual Incentive Program* (Patterson, Beggs, Kunkle, Rathbun)
Measure Weighting Threshold Target Maximum Results Payout %
Adjusted Operating
Income (consolidated)
70% $314.5 $338.6 $399.6 $312.8 0.0%
Working Capital as a %
of Sales
20% 12.4% 11.7% 10.7% 10.3% 200.0%
Sustainability
Objectives
10%
See above disclosure for more information about
goals and achievements
125.0%
Total Attainment 52.5%
*Adjusted operating income (performance measures and results) reported in the table above was calculated with adjustments for special items (as noted
on Appendix A) pursuant to the terms of the awards and as approved by the Compensation Committee.
Although SARs granted in 2023, 2022 and 2021 would also be
EXECUTIVE COMPENSATION
70 PROXY STATEMENT 2024 | Annual Meeting of Shareholders
subject to prorata vesting in cases of retirement, disability or death, and full vesting in the case of an involuntary termination following a change in control,
the table reflects a value of $0 for the SAR awards, as the grant price in each of these years exceeds the December 29, 2023 closing stock price
https://www.avient.com/sites/default/files/2024-10/Avient CDP Climate Change %26 Water Submission 20241001.pdf
In 2023, Avient collected sustainable assessments for 70% of our total direct spend for sourcing.
In 2023, Avient collected sustainable assessments for 70% of our
total direct spend for sourcing.
Avient successfully collected sustainable
assessments for 70% of our total direct spend for sourcing.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
COMPENSATION DISCUSSION AND ANALYSIS
PROXY STATEMENT 2024 | Annual Meeting of Shareholders 49
The 2023 Corporate and Business Segment Annual Plan weightings reflect adjustments from 2022 as
follows:
Corporate Annual Incentive Program Measure 2022 Weighting 2023 Weighting
Adjusted Operating Income (Consolidated) 60% 70%
Working Capital as a % of Sales 20% 20%
Sustainability Objectives 20% 10%
Business Segment Annual Incentive Program Measure 2022 Weighting 2023 Weighting
Adjusted Operating Income (Consolidated) 20% 10.5%
Adjusted Operating Income (Business Segment results) 40% 59.5%
Working Capital as a % of Sales (Business Segment results) 20% 20%
Sustainability Objectives 20% 10%
We set appropriate performance goals in 2023 under the 2023 Annual Incentive Program that focused our
efforts on those factors that we believed were critical to our ongoing success, including earnings
improvement, cash generation from working capital, efficiencies in our operations, and the advancement
of sustainability initiatives.
Total attainment for these participants under the 2023
Annual Incentive Program was 52.5%, with the components consisting of (dollars in millions):
COMPENSATION DISCUSSION AND ANALYSIS
50 PROXY STATEMENT 2024 | Annual Meeting of Shareholders
2023 Corporate Plan Annual Incentive Program* (Patterson, Beggs, Kunkle, Rathbun)
Measure Weighting Threshold Target Maximum Results Payout %
Adjusted Operating
Income (consolidated)
70% $314.5 $338.6 $399.6 $312.8 0.0%
Working Capital as a %
of Sales
20% 12.4% 11.7% 10.7% 10.3% 200.0%
Sustainability
Objectives
10%
See above disclosure for more information about
goals and achievements
125.0%
Total Attainment 52.5%
*Adjusted operating income (performance measures and results) reported in the table above was calculated with adjustments for special items (as noted
on Appendix A) pursuant to the terms of the awards and as approved by the Compensation Committee.
Although SARs granted in 2023, 2022 and 2021 would also be
EXECUTIVE COMPENSATION
70 PROXY STATEMENT 2024 | Annual Meeting of Shareholders
subject to prorata vesting in cases of retirement, disability or death, and full vesting in the case of an involuntary termination following a change in control,
the table reflects a value of $0 for the SAR awards, as the grant price in each of these years exceeds the December 29, 2023 closing stock price
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
The following table summarizes our liquidity as of December 31, 2015:
(In millions)
Cash and cash equivalents $279.8
Revolving credit availability 341.9
Liquidity $621.7
As of December 31, 2015, 70% of the Company’s cash and cash equivalents resided outside the
United States.
Based on the current funded status of the plan, our
pension asset investment allocation guidelines are to invest 60% to 70% in fixed income securities,
30% to 40% in equity securities and 0% to 10% in alternative investments and cash.
In response, Franklin-Burlington and approximately 70 other
companies (collectively, the Cooperating Parties) agreed, pursuant to an Administrative Order of
Consent with the USEPA, to assume responsibility for development of a RIFS of the lower Passaic
River.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
Newlin
Chairman, President and Chief Executive Officer
March 11, 2013
25+38+38
+73+74+95
19+15+9
+56+72+85
Operating Income %
Specialty
PP&S
Distribution
Specialty Platform
Operating Income % of Total
ROIC** (after-tax)
2007
3.2%
6.1%
3.0%
20%
7%
2012
9.1%
9.0%
6.4%
45%
11%
2015 TARGET
12%–16%
9%–12%
6%–7.5%
65%–75%
15%
2012
2011
2010
2009
2008
2007
0 20 40 60 80 100 120
$ mIllIOnS
SPECIAlTY PlATFORm
OPERATInG InCOmE
40+68+70
+86+84+90201220112010
2009
2008
2007
0 10 20 30 40 50 60
% PERCEnTAGE
SPECIAlTY PlATFORm
OPERATInG InCOmE % OF TOTAl*
41+33+35
+70+79+93201220112010
2009
2008
2007
0 1 2 3 4 5 6 7 8
% PERCEnTAGE
ADJUSTED RETURn
On SAlES^
POlYOnE STOCK (POl) PERFORmAnCE VERSUS S&P
2012
2011
2010
2009
2008
2007
0 .20 .40 .60 .80 1.00 1.20 1.40
$ DOll ARS
ADJUSTED EARnInGS
PER SHARE†
0 .2 .4 .6 .8 1 1.2
*Operating income excludes corporate
operating income
SAFETY
InJURY InCIDEnCE RATE˚
2012
2011
2010
2009
2008
2007
12.31.09 6.30.10 12.31.10 6.30.11 12.31.11 6.30.12 12.31.12
DATE
200
150
100
50
0
%
P
E
R
C
E
n
TA
G
E
POl S&P 600 CHEmICAlS S&P 500
InJURY InCIDEnCE R ATE
91+91+71
+54+47+45
˚Number of injuries per 100 full time associates^Operating income excludes special items and
equity income from SunBelt
**ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
†EPS excluding special items and equity income
from SunBelt
POL 173%
S&P 600 Chemicals 34%
S&P 500 28%
5
ANNUAL REPORT 2012
Proof of Performance
Our values, strategy, commitment and execution are clearly evident in our recent financial and operational performance.
Unrecognized compensation cost for RSUs at December 31, 2012 was $7.1 million,
which is expected to be recognized over the weighted average remaining vesting period of 15 months.
70 POLYONE CORPORATION
Stock Options
Our incentive stock plans previously provided for the award or grant of options to purchase our
common shares.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Annual%2520Report.pdf
We employ approximately
6,300 people and have 70 manufacturing sites and eight distribution facilities in North America, South America,
Europe, Asia and Africa.
PROPERTIES
Headquartered in Avon Lake, Ohio we operate globally with principal locations consisting of 70 manufacturing sites
and eight distribution facilities in North America, South America, Europe, Asia and Africa.
In response, Franklin-Burlington and approximately 70 other companies
(collectively, the Cooperating Parties) agreed, pursuant to an Administrative Order on Consent (AOC) with the
USEPA, to assume responsibility for development of a Remedial Investigation and Feasibility Study (RIFS) of the
lower Passaic River Study Area.
https://www.avient.com/sites/default/files/2022-08/Avient CDP_Climate_Change_Questionnaire_2022.pdf
Intensity figure
0.212534411
Metric numerator (Gross global combined Scope 1 and 2 emissions, metric
tons CO2e)
104,134
Metric denominator
Avient CDP Climate Change Questionnaire 2022 Friday, July 29, 2022
70
unit of production
Metric denominator: Unit total
489,962
Scope 2 figure used
Market-based
% change from previous year
7.8
Direction of change
Decreased
Reason for change
Our production decreased by 10% while our overall scope 1+2 emissions increased by
3%, leading to a 7.8% decrease of the intensity overall.
Avient continues to partner with EcoVadis to evaluate our prioritized
suppliers. 70% of these suppliers reported a Silver rating or above in their overall
scorecard evaluation.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Proxy%2520Statement%25202016.pdf
Lorraine
Age: 70
Director Since: 2008
Retired Senior Vice President and Chief Financial
Officer of Eastman Chemical Company, a specialty
chemicals company.
Powell
Age: 70
Director Since: 2008
Retired Chairman and Chief Executive Officer of
National Starch and Chemical Company, a specialty
chemicals company.