https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Gabelli%2520%2526%2520Co%2520Specialty%2520Chemicals%2520Conference.pdf
Use of Non-GAAP Measures 4POLYONE CORPORATION FORMULATION EXPERTISE SERVICE INNOVATION Expertise in Polymer Materials, Services and Solutions OEMs Brand Owners Processers Assemblers IQ Design Labs InVisiOSM Color Services LSS Customer First Specialty products & services driving customer value What We Do 5POLYONE CORPORATION PolyOne At a Glance 2017 Revenue – $3.2 billion Performance Products & Solutions 21% PolyOne Distribution 34% Specialty Engineered Materials 19% Color Additives & Inks 26% United States 59% Europe 14% Latin America 9% Canada 8% Asia 10% $0.13 $0.68 $0.82 $1.00 $1.31 $1.80 $1.96 $2.06 $2.21 2009 2010 2011 2012 2013 2014 2015 2016* 2017 Transportation 18% Consumer 12% Healthcare 11% Packaging 11% Industrial16% Building & Construction 12% Wire & Cable 9% Electrical & Electronics 6% Appliance 5% *Recast for DSS in discontinued operations 6POLYONE CORPORATION 2% 43% 76% 0% 20% 40% 60% 80% 100% 2005 2010 2017 % o f O pe ra tin g In co m e* *Operating Income excludes corporate charges and special items Specialty OI $5M $87M $280M JV’s Performance Products & Solutions Specialty MixDistribution Mix Shift Highlights Specialty Transformation Distribution and Contract Manufacturing Businesses 7POLYONE CORPORATION Consistently Deliver Double Digit Annual EPS Growth *ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period Proof of Performance 2020 Platinum Vision 20%+ 20%+ 12 - 14% 6.5 – 7.5% 15% 2006 2017 2020 “Where we were” “Where we are” Platinum Vision ROIC* 5.0% 14.0% Operating Income % of Sales Color, Additives & Inks 1.7% 15.5% Specialty Engineered Materials 1.1% 12.5% Performance Products & Solutions 5.5% 10.7% Distribution 2.6% 6.3% 8POLYONE CORPORATION $50 $116 $0 $40 $80 $120 $160 $200 2012 2014 2016 2018 10.8% 11.3% 10.0% 11.0% 12.0% 13.0% 14.0% 15.0% 2012 2014 2016 2017 2020 Platinum Vision *ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period Free Cash Flow and Improving Returns Free Cash Flow (in millions) ROIC* $200 - $220 14.0% $143 12.9% 15.0% 9POLYONE CORPORATION $767M Returning Cash to Shareholders $0 $150 $300 $450 $600 $750 2011 2012 2013 2014 2015 2016 2017 Since 2011, we have returned over $950 million to shareholders $767M Cumulative Share Repurchases (in millions) $0.16 $0.20 $0.24 $0.32 $0.40 $0.48 $0.58 $0.70 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 3-Year Dividend Plan Increasing Annual Dividend 10POLYONE CORPORATION Expanding our sales, marketing, and technical capabilities Investing in operational and LSS initiatives ~60 - 70% of capital expenditures fund growth initiatives Organic Growth Acquisitions Share Repurchases Dividends Targets that expand our: • Specialty offerings • End market presence • Geographic breadth Growth synergies Adjacent material solutions Repurchased 2.0 million shares in 2017 Repurchased 20.8 million shares since early 2013 6.5 million shares are available for repurchase under the current authorization Increased annual dividend by 30% to $0.70 per share, representing the eighth consecutive year of dividend growth Expect to increase annual dividend 60% or more cumulatively over next three years Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return 11POLYONE CORPORATION *Specialty Platform revenue from products introduced in last five years Vitality Index Progression* 12% 38% 2006 2017 Target ≥ 35% Innovation Drives Earnings Growth $20 $52 2006 2017 Research & Development Spend ($ millions) Total Specialty Addressable Market of over $2.6 Billion (10 Projects) (10 Projects) ($500 million) (19 Projects) ($1.4 billion) Innovation Pipeline Potential Frame Opportunity Prototype Scale-up and Test Market Commercial Launch $500 Million $1.4 Billion $700 Million Phase 5Phase 4Phase 3Phase 2Phase 1 Build Business Case 12POLYONE CORPORATION 2017 2021 Key Innovation Growth Platforms Composites Barrier Additive Technology Fiber Colorants Flame Retardant Polymers Increasing regulatory drive for halogen replacements $400m addressable market Drive to prevent oxygen, light and UV rays from affecting contents in PET packaging, extending shelf life $200m addressable market 60% of world fiber consumption is synthetic, need to simplify manufacturing and eliminate waste $300m addressable market Polymer formulation and process engineering create a pipeline for next generation materials Drive to replace aluminum and steel with plastics without compromising on strength Total Sales ($millions) 2017 2021 2017 2021 2017 2021 13POLYONE CORPORATION Providing LSS services to small/medium sized customers – have trained over 30 customers in LSS methodology Providing Industrial design and color services to small/medium sized customers On time delivery above 95% Strengthening Relationships: Customer First Through World-Class Service 14POLYONE CORPORATION Addressable market exceeds $40 billion Strong performance demonstrates that our strategy and execution are working Megatrends and emerging opportunities align with strengths Innovation and services provide differentiation, incremental pricing power and competitive advantage Strategic reinvestment for growth while returning cash to shareholders Strong and proven management team driving growth and performance Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520RW%2520Baird%2520Global%2520Industrial%2520Conference.pdf
Use of Non-GAAP Measures 4POLYONE CORPORATION INPUTS FORMULATION EXPERTISE SERVICE VALUE Base resins Additives Modifiers Pigments Expertise in Polymer Materials, Services and Solutions OEMs Brand Owners Processers Assemblers InVisiO SM Color Services IQ Design Labs LSS Customer First Specialty products & services What We Do Driving customer value 5POLYONE CORPORATION $0.13 $0.68 $0.82 $1.00 $1.31 $1.80 $1.96 $2.06 2009 2010 2011 2012 2013 2014 2015 2016* *Recast for DSS in discontinued operations PolyOne At a Glance Performance Products & Solutions 22% PolyOne Distribution 34% Specialty Engineered Materials 18% Color Additives and Inks 26% 2016 Revenue by Segment Adjusted Earnings per Share 2016 Revenue by Geography United States 60% Europe 15% Latin America 9% Canada 7% Asia 10% 6POLYONE CORPORATION 2% 43% 76% 0% 20% 40% 60% 80% 100% 2005 2010 3Q 2017 % o f O p e ra ti n g I n c o m e * *Operating Income excludes corporate charges and special items **LTM 3Q 2017 Specialty OI $5M $87M $275M** JV’s Performance Products & Solutions Specialty MixDistribution Mix Shift Highlights Specialty Transformation Distribution and Contract Manufacturing Businesses 7POLYONE CORPORATION 2014 2015 2016 2017 2014 2015 2016 2017 Driving Growth • Refreshed training curriculum for sales force • Upgraded capabilities to generate and capture new business leads • Expanded R&D resources to focus on key platforms 2014 2015 2016 2017 Investment in Commercial Resources Commercial Resource Additions* Total Sales CallsSales Opportunity Funnel (in billions) *Sales, Marketing & Technology headcount 8POLYONE CORPORATION *ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period Proof of Performance & 2020 Platinum Vision 20%+ 20%+ 12 - 14% 6.5 – 7.5% 15% Consistently Deliver Double Digit Annual EPS Growth 2006 YTD 2017 2020 “Where we were” “Where we are” Platinum Vision ROIC* 5.0% 13.8% Operating Income % of Sales Color, Additives & Inks 1.7% 16.4% Specialty Engineered Materials 1.1% 13.1% Performance Products & Solutions 5.5% 11.4% Distribution 2.6% 6.6% 9POLYONE CORPORATION $50 $116 $137 $0 $40 $80 $120 $160 $200 2012 2014 2016 2017 10.8% 11.3% 12.9% 13.8% 10.0% 11.0% 12.0% 13.0% 14.0% 15.0% 2012 2014 2016 3Q 2017 2020 Platinum Vision Free Cash Flow (in millions) ROIC* *ROIC is defined as TTM adjusted OI after tax divided by the sum of average debt and equity less cash over a 5 quarter period Free Cash Flow and Improving Returns 15.0% >$200 10POLYONE CORPORATION $0.16 $0.20 $0.24 $0.32 $0.40 $0.48 $0.54 $0.70 $- $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Annual Dividend 7 Consecutive Years of Increased Dividends 3-Year Dividend Plan Announced 30% increase to dividend in October 2017, reflecting strong and sustainable cash flow as well as confidence in future earnings growth Expect to increase annual dividend 60% or more cumulatively over next three years 11POLYONE CORPORATION $767M Returning Cash to Shareholders $0 $150 $300 $450 $600 $750 2011 2012 2013 2014 2015 2016 3Q 2017 Cumulative Share Repurchases (in millions) Since 2011, we have returned over $950 million to shareholders $192 million returned through dividends $767 million returned through share repurchases Have repurchased 20.8 million shares since early 2013 $767M 12POLYONE CORPORATION Expanding our sales, marketing, and technical capabilities Investing in operational and LSS initiatives ~60 - 70% of capital expenditures fund growth initiatives Organic Growth Acquisitions Share Repurchases Dividends Targets that expand our: • Specialty offerings • End market presence • Geographic breadth Growth synergies Adjacent material solutions Repurchased 2.0 million shares YTD 2017 Repurchased 20.8 million shares since early 2013 6.5 million shares are available for repurchase under the current authorization Increased annual dividend by 30% to $0.70 per share, representing the seventh consecutive year of dividend growth Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return 13POLYONE CORPORATION *Specialty Platform revenue from products introduced in last five years Vitality Index Progression* 12% 42% 2006 2016 Target ≥ 35% Innovation Drives Earnings Growth Innovation Pipeline Potential $20 $54 2006 2016 Research & Development Spending ($ millions) Phase 1 Frame Opportunity 12 Projects Phase 2 Build Business Case 10 Projects Phase 3 Prototype 21 Projects Phase 4 Scale-up & Test Market 19 Projects Phase 5 Commercial Launch 10 Projects $500 Million $1.4 Billion $700 Million Total Specialty Addressable Market of over $2.6 Billion 14POLYONE CORPORATION Key Innovation Growth Drivers Composites Barrier Additive Technology Fiber Colorants Flame Retardant Polymers Increasing regulatory drive for halogen replacements $400m addressable market Drive to prevent oxygen, light and UV rays from affecting contents in PET packaging, extending shelf life $200m addressable market 60% of world fiber consumption is synthetic, need to simplify manufacturing and eliminate waste $300m addressable market Polymer formulation and process engineering create a pipeline for next generation materials Drive to replace aluminum and steel with plastics without compromising on strength 15POLYONE CORPORATION Providing LSS services to small/medium sized customers 54% of associates trained in LSS, with over 125 active black belts Have trained over 30 customers in LSS methodology Providing training in Customer Centric Selling Skills with customers Providing Industrial design and color services to small/medium sized customers On time delivery above 95% Strengthening relationships: Customer First Through World-Class Service 16POLYONE CORPORATION Addressable market exceeds $40 billion Strong performance demonstrates that our strategy and execution are working Megatrends and emerging opportunities align with strengths Innovation and services provide differentiation, incremental pricing power and competitive advantage Strategic reinvestment for growth while returning cash to shareholders Strong and proven management team driving growth and performance Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2025-01/AVNT Dec 2022 Earnings Presentation Updated.pdf
Global Compact & fulfilled Communication of Progress (COP) requirements • New Sustainability Strategy overview page including our 2022 AIP ESG metrics • New ESG Performance page with ESG ratings, awards, and certifications • Increased disclosures on carbon emissions, including disclosure of Climate Change Scenario Analysis • Added new Product Stewardship and Chemical Management policies • Enhanced data reporting for Workforce Demographics • Improved social disclosures on human rights, dependent care and special leave and strategic training management 20 21 SUSTAI NA BILI TY REPORT Launching integrated sustainability website in parallel with report Aligned with leading reporting frameworks 6 Released July 2022 E S G R AT I N G S P E R F O R M AN C E E S G AWA R D S AN D C E R T I F I C AT I O N S ESG PER FORMANCE & A WAR DS 84th 3 1 2 7 T R A N S F O R M A T I O N A L O V E R V I E W Avient Protective Materials Dyneema ® RECENT TRANSAC TIONS Acquired Divested $1.45 B $0.95 B 9 Distribution UPDATED CA PI TAL STRUC TURE & LI QUI DI TY • Proceeds from completed sale of Distribution used to pay near-term maturing debt to strengthen balance sheet • Fixed/floating debt ratio of ~55/45 • Proven track record of deleveraging following major acquisitions through strong free cash flow generation • 2022 pro forma net debt/adjusted EBITDA expected to be 3.1x $725 $725 $575 $500 $600 $525 $650 $650 $600 Capital Structure Cash $544 Undrawn Revolver $250 Liquidity $3.15B $2.40B 2030 Notes 2029 Term Loan 2026 Term Loan 2025 Notes 2023 Notes After Dyneema Acquisition After Distribution Divestiture $794M (1) (1) $250M reflects estimated undrawn revolver following the divestiture of Distribution 10 PREVI OUS TR ANSACTIONS Performance Solutions Products & $0.8 B COLOR $1.4 B Acquired (2020)Divested (2019) 11 • Acquisition of Clariant Color business significantly expanded presence in healthcare, packaging and consumer end markets • Strength of portfolio – double-digit annual EBITDA growth since acquisition • $75 million of realized synergies anticipated in 2022 • Acquisition completed on 2020年7月1日 for $1.45 billion.
https://www.avient.com/sites/default/files/2024-12/AVNT Investor Day 2024 Presentation.pdf
All Rights Reserved 2024 42 Composite materials Engineered fibers Tapes, fabrics Laminates, panels Pultruded components Shapes Long-fiber thermoplastics Fiber optic cables Electrical infrastructure Ballistic protection Outdoor high performance Trucks, rail, RV Composite lumber 43Copyright © . • New growth opportunities in prefabricated / modular construction - driven by lightweighting, waste reduction, and energy efficiency • Avient differentiation is with operational velocity, manufacturing capability and added functionality with flame retardancy vital to this space $20B ADDRESSABLE MARKET A V I E N T T E C H N O L O G I E S , S O L U T I O N S Ballistic-resistant panels Composite lumber reinforcement Functional panels - interiors and exteriors Fire-retardant thermoplastic panels Copyright © . All Rights Reserved 2024 51 Our competitive advantage Breadth and depth of specialty solutions Global footprint with localized customer intimacy Manufacturing and material formulation expertise Quality, regulatory, and sustainability • Engineered thermoplastics, advanced elastomers, additives, fibers, composites • Unidirectional tapes, fabrics, panels, pultrusions, shapes • Operations in Americas, Europe and Asia • Source materials globally, translate across regions • Deep application knowledge and design services • Core competencies in fiber, tape, composite lamination and pultrusion processes • Strong material science expertise to address needs • Strong regulatory and quality management systems • Industry accredited sites • Recognized sustainability ratings Copyright © .
https://www.avient.com/sites/default/files/2023-10/Wire _ Cable Tri-fold Selection Guide_0.pdf
PRODUCT SELECTION GUIDE WIRE & CABLE SOLUTIONS Specialty Engineered Materials High performance insulation, jacketing, and cross-web formulations for the wire and cable industry Syncure™ XLPE Cross-linkable Polyethylene Formulations • Ambient curing • Flame performance • Resistant to heat, oil, creep, & abrasion • Low temperature properties • Low capital investment • High extrusion speeds • DBDPE-free grades available • UL/CSA bulletins Maxxam™ FR Flame Retardant Polyolefin Formulations • FEP alternative • Fire performance • UL 444 & plenum yellow card compliance • Low dielectric • High extrusion speeds • Thin wall extrudability Maxxam™ SY Foamable Flame Retardant Formulations • Low dielectric • Uniform cell structure • Crush & heat resistance • Ease of chemical foaming ECCOH™ Low Smoke and Fume Non-Halogen Formulations • Improved fire safety • Low smoke, fume, non-halogen (LSFOH) formulations • Chemical resistance ECCOH™ XL Cross-Linkable Solutions • Non-halogen, low smoke, toxicity, & corrosiveness • Excellent mechanical & electrical properties • Easily processed • Operating temperature of 90°C • Moisture cure technology Synprene™ Flame Retardant Thermoplastic Elastomers • Flexibility • Flame performance • Low temperature brittleness (LTB) resistance • Chemical resistance • Easily colored FireCon™ CPE Insulation Jacketing Formulations • Resistance to harsh environments • Low temperature performance • Flame performance • High extrusion speeds • Sunlight resistance FEATURES SPECIFICATION ECCOH™ XL 8148 Non-halogen, low smoke, toxicity, & corrosiveness EN50618 Syncure™ S100FH Horizontal flame UL 44 Syncure™ S100FH-XUV Horizontal flame, UV resistant UL 44 Syncure™ S100FH-UV Horizontal flame, FV-1 flame, UV resistant UL 44, UL 4703 Syncure™ S100FV VW-1 flame UL 44 Syncure™ S100FV-UV VW1, UV resistant UL 44 Syncure™ S112NA Non-flame retardant CSA 22.2 Syncure™ S120NA Non-flame retardant NSF 61 Syncure™ S200FH Horizontal flame, DBDPE-free UL 44 Syncure™ S200FV VW-1, DBDPE-free UL 44 INSULATION FOR POWER CABLE SYSTEMS Low Voltage Power Cables • Flame performance • Resistance to heat, oil, creep, & abrasion • Low temperature performance • Low capital investment • High extrusion speeds INSULATION & CROSS-WEBS FOR DATA CABLE SYSTEMS Category Cables • FEP alternative • Flame performance • Low dielectric constant • High extrusion speeds & thin wall capability • Chemical resistance • Low temperature performance • Flexibility FEATURES SPECIFICATION Maxxam™ FR 0521-48 R1 Low smoke & fume, non-halogen UL 444 Maxxam™ FR 0587-21 R3 Halogenated to plenum performance UL 444 Optical Fiber Cables • Resistance to harsh environments, chemicals, & sunlight • Low temperature brittleness (LTB) resistance • Low smoke & toxicity • Flexibility • High extrusion speeds FEATURES SPECIFICATION ECCOH™ 6649 UV Low DD Low smoke & fume, non-halogen Meets customer-specific flame requirements Coaxial Cables • Flexibility • High extrusion speeds • Low dielectric constant • Uniform cell structure • Crush & heat resistance FEATURES SPECIFICATION Maxxam™ SY 89-22-7 Foamable Meets customer-specific flame requirements JACKETING FOR POWER & DATA CABLE SYSTEMS Low & Medium Voltage Jacketing • Resistance to harsh environments, chemicals, & UV degradation • Low temperature brittleness (LTB) resistance • Low smoke & toxicity • Flexibility • High extrusion speeds • Easily colored FEATURES SUBMARKETS & USES FireCon™ CPE 30-33 RoHS Black Flame retardant, flexible Building & construction, industrial, nuclear FireCon™ CPE 37-36 RoHS Black Flame retardant, flexible Building & construction, industrial, nuclear FireCon™ CPE 30-20 RoHS Natural Flame retardant, flexible Building & construction, industrial, nuclear ECCOH™ 5549 UV Low smoke & fume, non-halogen, flame retardant Building & construction, industrial ECCOH™ 6649 UV Low DD Low smoke & fume, non-halogen, flame retardant Optical fiber, ducts ECCOH™ 5981 UV Low smoke & fume, non-halogen, flame retardant Industrial, Teck 90 wire Synprene™ RT5180 Flame retardant, LTB resistance Building & construction, industrial Synprene™ RT5180UV Flame retardant, LTB resistance Building & construction, industrial Synprene™ RT3870M Flame retardant, LTB resistance Building & construction, industrial 1.844.4AVIENT www.avient.com Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2022-09/PREPERM for 5G Application Bulletin %281%29.pdf
The dielectric measurement data up to 220 GHz indicates that the dielectric properties of PREPERM thermoplastics are stable and not dependent on the frequency.
https://www.avient.com/sites/default/files/2021-06/colormatrix-select-brochure.pdf
Since pioneering the development of liquid color dispersions in the 1970s, ColorMatrix is now a leading innovation brand in advanced liquid colorants for thermoplastic applications.
https://www.avient.com/sites/default/files/2020-10/auto-injector-application-study.pdf
Services to aid in the design of a heat exchanger in a polymer • FEA thermal (CFD) simulations • Design freedom, weight reduction and cost advantages of thermoplastics Avient Corporation 9 13.
https://www.avient.com/sites/default/files/2025-02/Hexagon and digimat case study.pdf
Digimat for long fibre reinforced materials Advanced simulation captures part performance for fibre reinforced thermoplastics Comparing the results of isotropic material data to anisotropic material data Case study https://hexagon.com/ Figure 2: Digimat material model workflow when coupled with an FEA solver Manufacturing Intelligence hexagonmi.com2 Solution Avient leveraged Digimat to reverse-engineer material data based on the microstructure, tensile test data, and micro-mechanical modelling.
https://www.avient.com/sites/default/files/2023-07/Terms and Conditions of Sale for China - August 2023.pdf
Seller warrants good and clear title in goods subject to the sale (“Product”) and that the Product conforms at the time of shipment to a Certificate of Analysis, a Certificate of Compliance, or a Product Specification Sheet, if any such document exists, and other specifications signed by Seller (“Specifications”). Buyer acknowledges that information in Seller’s marketing materials, technical data sheets and other descriptive publications distributed or published on its websites may vary from time to time without notice. Buyer acknowledges that Seller has furnished to Buyer Safety Data Sheets, which include warnings together with safety and health information concerning the Product and/or the containers for such Product.