https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520Investor%2520Day%25205-18-15.pdf
Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt
extinguishment costs; employee separation costs resulting from personnel reduction programs, plant phase-in costs, executive separation agreements; asset impairments; mark-to-market
adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties, remediation costs and related
insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and
losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of
the performance period; unrealized gains and losses from foreign currency option contracts; one-time, non-recurring items; and the effect of changes in accounting principles or other such
laws or provisions affecting reported results.
(2) Tax adjustments include the net tax expense (benefit) from one-time income tax items and deferred income tax valuations allowance adjustments.
2
Adjusted net cash provided by operating activities is calculated as follows:
2008Y 2009Y 2010Y 2011Y 2012Y 2013Y 2014Y
Net cash provided by operating activities $ 72.5 $ 229.7 $ 140.8 $ 72.5 $ 106.9 $ 109.0 $ 208.4
Dividends and distributions received from joint ventures (32.9) (36.5) (24.2) (6.0) - - -
Pension Cash Contributions 35.9 28.5 37.5 38.1 68.8 69.8 21.6
Adjusted net cash provided by operating activities $ 75.5 $ 221.7 $ 154.1 $ 104.6 $ 175.7 $ 178.8 $ 230.0
Net debt to adjusted EBITDA is calculated as follows:
Twelve Months Ended
(In millions) December 31, 2011 December 31, 2012 December 31, 2013 December 31, 2014
Short-term portion and current portion of
long-term debt $ 3.0 $ 3.8 $ 12.7 $ 61.8
Long-term debt 704.0 703.1 976.2 962.0
Less: Cash and cash equivalents (191.9) (210.0) (365.2) (238.6)
Net Debt $ 515.1 496.9 623.7 785.2
Income before income taxes $ 168.9 $ 83.3 $ 151.0 $ 88.4
Interest expense, net 33.7 50.8 63.5 62.2
Depreciation and amortization 53.2 65.8 108.8 123.9
Equity income from equity affiliates (5.7) - - -
Special items, impact on income before
income taxes (48.1) 55.1 46.3 164.9
Interest expense included in special items - (1.3) (1.9) -
Accelerated depreciation included in special
items - - (12.7) (23.1)
Adjusted EBITDA $ 202.0 $ 253.7 $ 355.0 $ 416.3
Net Debt/Adjusted EBITDA 2.6 2.0 1.8 1.9
Investor Day - May 18 2015 r11
Investor Day - May 18 2015
POL IR Presentation - Investor Day - 5_13_15 Master Version WEBSITE
Investor Day
Forward-Looking Statements
Use of Non-GAAP Measures
Agenda
Introduction��
Slide Number 6
The Leaders Behind the Team
Commodity to Specialty Transformation
Proof of Performance
Mix Shift Highlights Specialty Transformation
Proof of Performance
Successfully Navigating Change Since 2012
Strategy and Execution Drive Results
Well Positioned for Accelerated Growth
Global Color, Additives & Inks��
At a Glance
A Case Study for Transformational Success
Slide Number 18
Accelerating Growth
Who We Are Growing With
Innovation Pipeline Potential
Megatrends Aligned with Key End Markets
Key Initiatives
Platinum Vision
Summary
Global Specialty Engineered Materials��
What We Do
At a Glance
A Case Study for Transformational Success
Slide Number 30
Accelerating Growth
Who We Are Growing With
Innovation Pipeline Potential
Megatrends Aligned with Key End Markets
Key Initiatives
Platinum Vision
Summary
�Designed Structures and Solutions��
At a Glance
Early Progress
A Lot of Work Remains with Tremendous Upside Potential
Innovating with Cross-Business Unit Technologies
Who We Are Growing With
Key Initiatives
Platinum Vision
Summary
Performance Products and Solutions��
At a Glance
What We Have Delivered
Slide Number 50
Accelerating Growth
Who We Are Growing With
Geographic Growth Opportunities
Innovation Pipeline Potential
Megatrends Aligned with Key End Markets
Key Initiatives
Platinum Vision
Summary
PolyOne Distribution��
At a Glance
Slide Number 61
What We Have Delivered
Accelerating Growth
Who We Are Growing With
Megatrends Aligned with Key End Markets
Geographic Growth Opportunities
Going Beyond Distribution
Platinum Vision
Summary
Financial Highlights��
Who We Are Growing With
2014 Awards and Recognitions
2014 Financial Highlights
Proof of Performance & 2015 Targets
Ours is Not a Cost Cutting Story
Financial Strength
Financial Flexibility
Cash to Generate Value
Slide Number 79
Slide Number 80
2020 Platinum Vision��
PolyOne Core Values
Confirmation of Our Strategy
Strategy and Execution Drive Results
Formula for Success
Track Record of Successful Acquisitions
Driving Toward Premier Profitability
2020 Platinum Vision
Platinum Vision: Pathway to Accelerated Growth
Driving Toward a Premium Specialty Multiple
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2022-07/Avient 2021 Sustainability Report 7-26-22.pdf
OnColor™ IR Sortable Black Colorants include detectable
colorants to allow reclaimed dark plastics, such as those
found in food trays, to be detected and properly recycled
by automated sorters.
Also, our CESA™ Additive Masterbatches are utilized
for solar back sheets to enhance the halogen-free
mono material structure and protect against voltage
breakdowns.
HOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Metrics | IndexHOME | Contents | Message from the CEO | Who We Are | People | Products | Planet | Performance | Metrics | Index
Sustainability Report | 2021 48
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/syncure-crosslinked-polyethylene-formulations
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/syncure-crosslinked-polyethylene-formulations
https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches/smartbatch-color-additive-concentrates
https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/eccoh-cross-linkable-solutions
https://www.avient.com/products/engineered-polymer-formulations/eco-conscious-formulations/eccoh-cross-linkable-solutions
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-pultruded-rods-tubes-custom-profiles
https://www.avient.com/products/polymer-additives/performance-enhancement-additives/cesa-ir-additives
5G as a Sustainability Enabler
The need for better, faster and more reliable technology is stronger than ever. 5G, fiber optic cabling components and
other network supporting infrastructure have been crucial in the response and recovery.
https://www.avient.com/sites/default/files/2023-07/Avient-2022-Sustainability-Report.pdf
Ultimate is recognized by the
Association of Plastic Recyclers and the European PET Bottle Platform for having no negative impact
on the recycling stream
Cesa™ NOX A4R Additive for Enhanced Recycling stabilizes recycled polyolefins during processing,
enabling a higher quality level of recyclate and better end-use products
Rejoin™ PCR Masterbatch uses PCR as a carrier resin, effectively allowing a bottle or part to be
manufactured with 100% PCR
PCR Color Prediction Ser vice simplifies and accelerates the selection of preferred colors for PCR
content at var ying levels, avoiding time-consuming trial and error
Avient Technology Helps to
Achieve Color Consistency in
L’Oréal PCR Packaging Worldwide
The Challenge
Simplify the process to develop color in recycled resin for
L’Oréal to achieve global color consistency, while working
towards their 2030 objective to have 100% of the plastics
used in its packaging be made from recycled or bio-based
material.
Avient offers a full range of material solutions that enable renewable energy infrastructure, from
high performance ropes or structural composites for wind energy infrastructure to materials for
cable jacketing and insulation in solar installations
Highlights in 2022
In 2022, we focused on delivering our portfolio of sustainable solutions to renewable energy
applications, including:
Dyneema® DM20 high molecular weight polyethylene fibers are utilized in offshore wind
turbine projects
Glasforms™ Pultrusion Technologies offer exceptional strength-to-weight ratio for continuous
fiber reinforced composites for structural wind turbine components
Cesa™ Additive Masterbatches are utilized for solar back sheets to enhance the halogen-free
mono material structure and protect against voltage breakdowns
Syncure™ Crosslinked Polyethylene Formulations, which provide high-performance, UL 4703
and VW 1-compliance and eliminate the need to use two separate insulation and jacketing
formulations
Smartbatch™ Color And Additive Concentrates offer superior UV weathering protection for solar
power installations.
LEARN MORE
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2022 48
https://www.avient.com/industries/energy/alternative-energy
https://www.dyneema.com/our-products/dyneema-fiber/dyneema-max-technology
https://www.avient.com/products/advanced-composites/pultrusion-and-continuous-filament-winding-technology/glasforms-pultruded-rods-tubes-custom-profiles
https://www.avient.com/products/polymer-additives/processing-enhancement-additives/cesa-additives-polyolefin-films
https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/syncure-xlpe-cross-linkable-polyethylene-formulations
https://www.avient.com/products/polymer-colorants/color-additive-combination-masterbatches/smartbatch-combination-colorants-additives
https://www.avient.com/company/sustainability/sustainability-report/products/markets
https://www.dyneema.com/applications/ropes-lines-slings-chains/offshore-wind-projects
Telecommunications
Market Needs: Durability, Consistency,
Design Flexibility
In this rapidly evolving industr y, the need for faster and more reliable technology is stronger than
ever.
https://www.avient.com/sites/default/files/2020-09/sustainabilityreport2018.pdf
To evaluate the effectiveness of the management
approach, PolyOne monitors several key performance
indicators on a regular basis: Total Injury/Illness Incident
Rate (IR) and Lost Work Day Injury/Illness Rate (LWDII)
cases are globally reported on a monthly basis.
ONCOLOR™ IR SORTABLE BLACK COLORANT eliminates
carbon black to allow reclaimed black plastics, such as
those found in food trays, to be detected by automated
sorters and properly recycled.
https://www.avient.com/sites/default/files/2020-10/2020-gravi-tech-design-guide-.pdf
The outside round should be the inside radius
plus wall thickness (IR + W) .
https://www.avient.com/industries/packaging/beverage-packaging/water
Cesa™ Flame Retardant Additives PTFE-free and Non-halogen for Polycarbonate
https://www.avient.com/sites/default/files/2024-08/Avient-2023-Sustainability-Report_6.pdf
Plastics Pact
Product Innovation
Protects Quality Recycle
Cesa™ A4R Nox A4R Additives for Enhanced Recycling
Innovation Award, Finalist:
Plastics Industr y Association
Product Technology Innovation, Finalist:
Plastics Recycling Awards Europe 2023
2023 Sustainability Innovation Awards
Avient’s sustainable solutions portfolio is not only enabling our customer’s commitments, it is also receiving recognition for
product and technology innovation.
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 41
https://www.avient.com/resource-center/services/avient-color-prediction-service
https://www.avient.com/products/thermoplastic-elastomers/resound-ultra-low-carbon-footprint-tpes
https://www.avient.com/products/polymer-additives/antioxidant-additives/cesa-nox-a4r-additive-enhanced-recycling
https://www.plasticsindustry.org/refocus-sustainability-innovation-awards-program/
https://www.prseventeurope.com/prse2024/en/page/2023-winners
https://www.plasticsindustry.org/refocus-sustainability-innovation-awards-program/
https://usplasticspact.org/
https://www.plasticsindustry.org/refocus-sustainability-innovation-awards-program/
https://www.prseventeurope.com/prse2024/en/page/2023-winners
RENEW
Avient’s portfolio of RENEW solutions are designed to advance the circular economy.
HIGHLIGHTS from 2023:
Key Markets
Key Customer Challenges
• Meet aggressive sustainability goals
• Develop strategies to minimize plastic waste
• Increase post consumer recycle (PCR) utilization
and PCR availability
• Meet legislation requirements
Avient Solutions & Services
• Solutions enabling increased use of PCR content
• Specialty solutions incorporating recycle and
biobased content
• PCR Color Predictive Ser vice, enabling increased
use of recycled content
• Avient Design Ser vices to enable circular
solutions
LEARN MORE
Avient Sustainability
RENEW
Packaging Consumer Transportation
35-60%
BIO-RENEWABLE CONTENT
reSound™ BIO
Thermoplastic Elastomers
LEARN MORE
35%
LOWER CARBON EMISSIONS
ColorMatrix™ SmartHeat™
RHC PCR Performance Additives
LEARN MORE
EXPANDS
PCR USAGE
Design for Recycling
CycleWorks™ Center for
Mechanical Recycling
LEARN MORE
60%
Nymax™ REC Recycled Nylon
Formulations
LEARN MORE
RECYCLE
CONTENT
ENABLES
100%
PCR UTILIZATION
Cesa™ Nox A4R
Additives for Enhanced
Recycling
LEARN MORE
BIOBASED FIBER
ENABLING
10-20%
LIGHTER WEIGHT
SOLUTIONS
Dyneema® SB301
Biobased UD Fiber
LEARN MORE
85%
PCR Color Prediction Service
Winner: Innovation Award, Plastics Industry Association & Product
Technology Innovation, Plastics Recycling Awards Europe 2023
LEARN MORE
OF CONSUMERS CHOOSE
BASED ON COLOR
35-40%
RECYCLED CONTENT
reSound™ REC PCR TPE for
Automotive Interiors
LEARN MORE
HOME | Contents | Message from the CEO | About Us | People | Products | Planet | Per formance | Metrics | Index Sustainability Report | 2023 42Sustainability Report | 2023 42
https://www.avient.com/company/sustainability/sustainable-solutions-portfolio
https://www.avient.com/products/thermoplastic-elastomers/resound-bio-thermoplastic-elastomers
https://www.avient.com/products/polymer-additives/reheat-additives-pet/colormatrix-smartheat-rhc
https://www.avient.com/resource-center/services/cycleworks-innovation-center-plastic-recycling
https://www.avient.com/products/engineered-polymer-formulations/sustainable-formulations/nymax-rec-recycled-nylon-formulations
https://www.avient.com/products/polymer-additives/antioxidant-additives
https://www.dyneema.com/latest-news/dyneema-unveils-breakthrough-innovation
https://www.avient.com/resource-center/services/avient-color-prediction-service
https://www.avient.com/products/thermoplastic-elastomers/resound-rec-recycled-content-thermoplastic-elastomers
REDUCE
Avient’s portfolio of REDUCE solutions include design and materials solutions that enable customers to reduce weight, energy
consumption and emissions.
https://www.avient.com/sites/default/files/2020-10/luxury-closures-gravi-tech-design-guide-2.0-application-specific.pdf
The outside round should be the inside radius
plus wall thickness (IR + W) .
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Hungary.pdf
Minden Avient munkatárs elismervényt ír alá arról, hogy elolvasta
és megértette a Magatartási kódexet, illetve teljes mértékben be is
tartja azt.
https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
Commission file number 1-16091
PolyOne Corporation
(Exact name of registrant as specified in its charter)
Ohio 34-1730488
(State or other jurisdiction of
incorporation or organization)
(IRS Employer Identification No.)
33587 Walker Road, 44012
Avon Lake, Ohio (Zip Code)
(Address of principal executive offices)
Registrant’s telephone number, including area code (440) 930-1000
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange on which registered
Common Shares, par value $.01 per share New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
The Company is currently being audited by the IRS and multiple state and foreign taxing jurisdictions.