https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520Sidoti%2520wNonGAAP%2520Rec.pdf
You are advised
to consult any further disclosures we make on related subjects in our reports on Form 10‐Q, 8‐K and 10‐K that we provide to the Securities and Exchange
Commission.
In certain cases throughout this presentation, we
have presented GAAP and non‐GAAP financial measures adjusted to reflect full‐
year 2012 Pro forma results, including Spartech and Glasforms
Page 3
Strategy and Execution Drive Results
90%
$22
$24
PolyOne
Stock Price
50%
70%
$18
$20
$22
S&P 500 (relative performance)
30%
$12
$14
$16
S&P 500 (relative performance)
‐10%
10%
$6
$8
$10
50%
‐30%
$0
$2
$4
$
|
‐50%$0
2006 2007 2008 2009 2010 2011 2012 2013
Page 4
Four Pillar Strategy
The World’s Premier Provider of SpecializedThe World s Premier Provider of Specialized
Polymer Materials, Services & Solutions
Page 5
Spartech – Compelling Strategic Rationale
• Spartech expands PolyOne’s specialty portfolio with adjacent
technologies in attractive end markets
Bolt on acquisition with opportunity for global expansion as only Bolt‐on acquisition with opportunity for global expansion, as only
6% of Spartech’s revenues are outside of North America
• PolyOne has a proven management team with a track record of
transformational success
• Preliminary synergy estimated at $65 million run rate by end of
3year 3
Significant opportunity to expand profitability by leveraging
PolyOne’s four pillar strategy
• Substantial potential share price appreciation for all
shareholders
f f ll / $ Accretive to EPS in first full year post‐acquisition / $0.50 once
synergies realized
Page 6
Mix Shift Highlights Specialty Transformation
Old
PolyOne Transformation
100%
2015
Target
80%
In
co
m
e*
65 – 75%40%
60%
f O
pe
ra
ti
ng
34%
43% 45%
65 75%
20%
%
o
f
2%0%
2005 2008 2010 2012 2015
Specialty OI $5M $46M $87M $114M Target
*Operating Income excludes corporate charges and special items
JV's PP&S Distribution Specialty
Page 7
Proof of Performance
2007 2012 2015
“Where we were” “Where we are”
“Where we
Where we were Where we are
expect to be"
1) Operating Income %
Specialty 3.2% 9.1% 12 – 16%
PP&S 6.1% 9.0% 9 – 12%
Distribution 3.0% 6.4% 6 – 7.5%
2) Specialty Platform
sss% of Operating Income 20% 45% 65 – 75%
3) ROIC* ( ft t ) 7% 11% 15%3) ROIC* (after‐tax) 7% 11% 15%
4) Adjusted EPS Growth** N/A 4 yr CAGR = 55%
Double Digit
Expansion
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
**4 yr EPS CAGR calculated using 2012 adjusted EPS vs 2008 adjusted EPS
Page 8
Proof of Performance
Spartech Opportunity
Intermediate
PolyOne Spartech Opportunity
2006 2012 Today Goal
“Where we
were”
“Where we
are”
“Where
Spartech is”*
“Where we
can go”were are Spartech is can go
Specialty
Operating
Margin
1.5% 9.1% 2.2% 8.0% – 10.0%
Margin
Page 9
*Pro Forma results include Spartech corporate allocations for FY12 ended November 3, 2012
At a Glance
PolyOne
Europe
14%
Canada
8%
Asia
5%
Latin
America
3% Distribution
2012 Revenues: $4.2 Billion* 2012 Revenues: $4.2 Billion*
United
States
70%
14% 5%
PP&S
20%Specialty
57%
23%
70%
Appliance
5%
Building & HealthCare
Transportation
16%
Textiles
2%
1.02
1.20
$1.20
$1.40
ha
re
End Markets* EPS Growth
g
Construction
14%
Wire & Cable
8%
Consumer
8%
Packaging
17%
Industrial
11%
Misc.
6%
9%
0.27
0 21
0.79
$0.40
$0.60
$0.80
$1.00
A
dj
us
te
d
Ea
rn
in
gs
P
er
S
Electrical &
Electronics
4%
0.12
0.21 0.13
$0.00
$0.20
2006 2007 2008 2009 2010 2011 2012
Page 10
* Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms
At a Glance
Specialty
U it d
2012 Revenues: $2.4 Billion* Solutions
United
States
59%
Europe
23%
Asia
Canada
4%
Asia
9%
Latin
America
5%
Appliance
4%
Building &
C t ti
HealthCare
5%
Transportation
16%
Textiles
2%
%
o
f S
al
es
12-16%
End Markets* Expanding Profits
Construction
11%
Wire & Cable
7%
Electrical &
Electronics
Packaging
23%
Industrial
7%
Misc.
15%
1.5%
3.2%
4.3%
5.3%
8.4%
9.1%
O
pe
ra
ti
ng
In
co
m
e
%
8.0%
Electronics
4%
Consumer
6%
Page 11
2006 2007 2008 2009 2010 2011 2012 2015
O
Target* Pro Forma includes FY2012 results for Spartech (11/03/12 YE) and Glasforms
At a Glance
Designed Structures and Solutions
United States
2012 Revenues: $0.85 Billion* Solutions
84%
Europe
2%
Canada
7%
Latin America
7%
Appliance
4% Building & Construction
11%
Wire & Cable
Sign & Advertising
3%
Recreation & Leisure
2%
Pool & Spa
1%
Distribution &
Thermoform
8%
Textiles
2% Operating Income % of Sales
2012 Revenue by Industry Segment* Expanding Profits**
Wire & Cable
7%
Electrical & Electronics
4%
Consumer
6%
Packaging
23%Industrial
7%
Transportation
16%
3%
2.2%
8 ‐ 10%
7%
Misc.
1%
HealthCare
5%
2012 2015
Target
Page 12
*Pro Forma includes FY2012 results for Spartech (11/03/12 YE)
**Pro Forma results include Spartech corporate allocations for FY12
Positioned for Earnings Growth
2015 Target
Rev: $5B
Adj.
https://www.avient.com/sites/default/files/resources/PolyOne%25202018%2520Proxy%2520Statement.PDF
While we are proud of our safety and financial performance, we welcome the challenge of continually building upon
our positive momentum, which is why we are always refining our culture.
We provide other benefits to the Named Executive Officers that we believe are necessary to
compete for executive talent.
Due to the fact that we had an
even number of employees on our determination date, we had two median employees.
https://www.avient.com/sites/default/files/2023-05/LFT Application Development Center Bulletin.pdf
More importantly, we learn your vision
for the product and what is most important for your
success.
After this critical review, we can support your
design in the following ways.
So are we.
https://www.avient.com/sites/default/files/resources/FAQs%2520for%2520PolyOne%2520GHS%2520Requirements%2520Ver%252006%2520April%25202015.pdf
We must make changes to our Material Safety Data Sheets (MSDSs), soon to be called Safety Data Sheets
(SDSs) under the new GHS format.
As June 2015 approaches, we are generating SDSs with GHS hazard
classifications for all existing products.
In order to ensure we can meet the established timelines for North America and Europe implementation
of GHS, we started converting our systems about one year early.
https://www.avient.com/sites/default/files/2020-03/2020proxy.pdf
For 2019, our Vitality Index was 37%,
which we view as world-class.
For 2019, we delivered $1.69 of
adjusted EPS, a 12% increase and the 10th consecutive year of expansion.
It is a remarkable achievement that we are
proud of, yet we are still enthusiastic about building upon
https://www.avient.com/sites/default/files/2025-02/News Release - AVNT-2024.12.31-News Release 2.12.25 2PM_0.pdf
Our goal was to generate organic sales growth with margin expansion, and we delivered both
in 2024,” said Dr.
As we begin 2025, we are
poised to execute our strategy to deliver value for our shareholders by prioritizing our portfolio,
amplifying innovation, leveraging digital technologies and harnessing the collective strengths of
our more than 9,000 global employees.”
Khandpur added, “Despite the near-term uncertainties in the macro environment, we remain
focused on what we can control: staying close to our customers and executing our strategy.
https://www.avient.com/sites/default/files/2021-12/avient-investor-day-registration-details21.pdf
At our 2021 Investor Day, we will take a deeper
dive into our how we create value for our stakeholders.
We will review our long-term growth
drivers and the mega trends that support them.
We will also provide more insight into our
innovative technologies, margin expectations and capital allocation priorities.”
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
We are
proud to share that our associates feel we are a Great Place to Work® and, in 2023, we received our fifth
certification.
We further believe that Mr.
In addition, we believe that Mr.
https://www.avient.com/sites/default/files/2021-04/avient-q4-earnings-and-2021-outlook-website.pdf
Big or small, we earn customers, and we keep them.
As we grow, we can add capacity
with minimal investment.
We create value for our stakeholders and we love to win.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
We
recognize that equity compensation awards dilute shareholders’ equity, so we have carefulff ly managed our equity
incentive compensation.
We provide other benefitff s to the Named Executive Officff ers that we believe are necessary to
compete forff executive talent.
We realize a tax deduction at those specified times.