https://www.avient.com/resources/safety-data-sheets?page=2117
DV2-28A WHITE INK
https://www.avient.com/resources/safety-data-sheets?page=2521
VBX3575 2B5 BLACK INK PVC/TPU ALLOY
https://www.avient.com/resources/safety-data-sheets?page=1120
2B5A BLACK INK
https://www.avient.com/resources/safety-data-sheets?page=6326
PLAE1055 INK FLOW ADDITIVE
https://www.avient.com/sites/default/files/resources/POL%2520CFA%2520IR%2520Presentation%2520w%2520non%2520GAAP%252011%252019%25202013.pdf
Platform operating income mix percentage 2005Y* 2008Y* 2010Y* YTD 2013 Global Specialty Engineered Materials $ 0.4 $ 17.6 $ 49.7 $ 48.2 Global Color, Additives and Inks 4.3 28.1 37.7 83.4 Designed Structures and Solutions - - - 21.4 Specialty Platform $ 4.7 $ 45.7 $ 87.4 $ 153.0 Performance Products and Solutions 75.7 31.3 54.0 41.8 Distribution 19.5 28.1 42.0 49.7 SunBelt Joint venture 91.9 28.6 18.9 - Corporate (51.5) (425.1) (27.7) (61.7) Operating income (loss) GAAP $ 140.3 $ (291.4) $ 174.6 $ 182.8 Less: Corporate operating expense 51.5 425.1 27.7 61.7 Operating income excluding Corporate $ 191.8 $ 133.7 $ 202.3 $ 244.5 Specialty platform operating mix percentage 2% 34% 43% 63% * Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment. Platform sales and operating income (OI) 2006Y* YTD 2013 Organic’ Acquisitions** YTD 2013’ Consolidated Global Specialty Engineered Materials Sales $ 345.3 $ 427.2 $ 113.6 $ 540.8 Global Color, Additives and Inks Sales 531.8 608.0 45.7 653.7 Designed Structures and Solutions Sales - - 428.2 428.2 Specialty Platform Sales $ 877.1 $ 1,035.2 $ 587.5 1,622.7 Performance Products and Solutions Sales 1,166.2 473.6 39.2 512.8 PolyOne Distribution Sales 732.8 818.1 - 818.1 Corporate and eliminations (153.7) (106.0) - (106.0) Total Sales $ 2,622.4 $ 2,220.9 $ 626.7 $ 2,847.6 Global Specialty Engineered Materials OI $ 3.9 $ 46.1 $ 2.1 $ 48.2 Global Color, Additives and Inks OI 8.9 78.0 5.4 83.4 Designed Structures & Solutions OI - - 21.4 21.4 Specialty Platform OI $ 12.8 $ 124.1 $ 28.9 $ 153.0 Performance Products and Solutions OI 64.2 38.1 3.7 41.8 PolyOne Distribution OI 19.2 49.7 - 49.7 Sunbelt Joint Venture OI 102.9 - - - Corporate and eliminations (4.6) (39.5) - (39.5) Special items in OI 39.1 (22.2) - (22.2) Operating income GAAP $ 233.6 $ 150.2 $ 32.6 $ 182.8 Sunbelt equity income (107.0) - - - Special items in OI (39.1) 22.2 - 22.2 Operating income adjusted $ 87.5 $ 172.4 $ 32.6 $ 205.0 Global Specialty Engineered Materials - OI % of sales 1.1% 10.8% 1.8% 8.9% Global Color, Additives and Inks - OI % of sales 1.7% 12.8% 11.8% 12.8% Designed Structures & Solutions - OI % of sales - - 5.0% 5.0% Specialty platform OI - % of sales 1.5% 12.0% 5.0% 9.4% PP&S operating OI - % of sales 5.5% 8.0% 9.4% 8.2% Distribution OI - % of sales 2.6% 6.1% - 6.1% PolyOne OI adjusted - % of sales 3.3% 7.8% 5.2% 7.2% * Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment. ** Spartech and Glasforms results for the nine months ended 2013年9月30日. Three Months Ended ‘’’’’September 30, Platform operating income “””””””2013 2012 (a) Global Specialty Engineered Materials $ 15.7 $ 13.1 Global Color, Additives and Inks 28.7 18.6 Designed Structures and Solutions 10.9 – Specialty Platform 55.3 31.7 Performance Products and Solutions 14.3 12.3 PolyOne Distribution 16.6 16.4 Corporate and eliminations (24.6) (16.9) Operating income $ 61.6 $ 43.5 (a) Adjusted to reflect the resins business as a discontinued operation.
https://www.avient.com/sites/default/files/resources/POL%2520Sidoti%2520IR%2520Presentation%2520w%2520Non%2520GAAP%25203%252018%25202014.pdf
Platform operating income mix percentage 2005Y* 2006* 2008Y* 2010Y* 2013Y Global Specialty Engineered Materials $ 0.4 $ 3.9 $ 17.6 $ 49.7 $ 57.2 Global Color, Additives and Inks 4.3 8.9 28.1 37.7 104.0 Designed Structures and Solutions - - - - 33.4 Specialty Platform $ 4.7 $ 12.8 $ 45.7 $ 87.4 $ 194.6 Performance Products and Solutions 75.7 64.2 31.3 54.0 56.0 Distribution 19.5 19.2 28.1 42.0 63.3 SunBelt Joint venture 91.9 102.9 28.6 18.9 - Corporate (51.5) 34.5 (425.1) (27.7) (82.4) Operating income (loss) GAAP $ 140.3 $ 233.6 $ (291.4) $ 174.6 $ 231.5 Less: Corporate operating expense 51.5 (34.5) 425.1 27.7 82.4 Operating income excluding Corporate $ 191.8 $ 199.1 $ 133.7 $ 202.3 $ 313.9 Specialty platform operating mix percentage 2% 6% 34% 43% 62% * Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment. Reconciliation to Condensed Consolidated Balance Sheets 2013 Short-term debt and current portion of long-term debt $ 12.7 Long-term debt 976.2 Less cash and cash equivalents (365.2) Net debt $ 623.7 Adjusted EBITDA 2013 Income before income taxes $ 151.0 Interest expense, net 63.5 Depreciation and amortization 108.8 Special items in EBITDA 31.7 Adjusted EBITDA $ 355.0 2 Platform sales and operating income (OI) 2006Y* 2013Y Global Specialty Engineered Materials sales $ 345.3 $ 615.5 Global Color, Additives and Inks sales 531.8 852.3 Designed Structures and Solutions sales - 597.4 Specialty Platform sales 877.1 2,065.2 Performance Products and Solutions sales 1,166.2 773.2 PolyOne Distribution sales 732.8 1,075.2 Corporate and eliminations (153.7) (142.4) Total sales $ 2,622.4 $ 3,771.2 Global Specialty Engineered Materials OI $ 3.9 $ 57.2 Global Color, Additives and Inks OI 8.9 104.0 Designed Structures & Solutions OI - 33.4 Specialty Platform OI 12.8 194.6 Performance Products and Solutions OI 64.2 56.0 PolyOne Distribution OI 19.2 63.3 Sunbelt Joint Venture OI 102.9 - Corporate and eliminations (4.6) (52.4) Special items in OI 39.1 (30.0) Operating income GAAP 233.6 231.5 Sunbelt equity income (107.0) - Special items in OI (39.1) 30.0 Adjusted operating income $ 87.5 $ 261.5 Global Specialty Engineered Materials - OI % of sales 1.1% 9.3% Global Color, Additives and Inks - OI % of sales 1.7% 12.2% Designed Structures & Solutions - OI % of sales - 5.6% Specialty platform OI - % of sales 1.5% 9.4% PP&S operating OI - % of sales 5.5% 7.2% Distribution OI - % of sales 2.6% 5.9% PolyOne OI adjusted - % of sales 3.3% 6.9% * Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment. Appendix At a Glance�Global Specialty Engineered Materials At a Glance�Global Color, Additives, and Inks At a Glance�Designed Structures and Solutions At a Glance�Performance Products and Solutions At a Glance�Distribution Plastics: Key to Future Sustainable Development Establish Lean Six Sigma As Way of Life Application Examples Slide Number 24 2012 Range Rover Evoque Interior Slide Number 26 Slide Number 27 Metal Replacement Solutions High-Barrier Packaging Containers Aerospace Applications Sidoti Reconciliation of Non-GAAP.pdf Section 1
https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
Three Months Ended 2023年3月31日 2022 Sales: Color, Additives and Inks $ 537.0 $ 649.5 Specialty Engineered Materials 309.7 243.1 Corporate (1.0) (0.4) Sales $ 845.7 $ 892.2 Gross margin: Color, Additives and Inks $ 162.0 $ 192.1 Specialty Engineered Materials 93.9 68.4 Corporate (8.3) (6.1) Gross margin $ 247.6 $ 254.4 Selling and administrative expense: Color, Additives and Inks $ 96.4 $ 97.6 Specialty Engineered Materials 50.8 30.1 Corporate 43.3 24.5 Selling and administrative expense $ 190.5 $ 152.2 Operating income: Color, Additives and Inks $ 65.6 $ 94.5 Specialty Engineered Materials 43.1 38.3 Corporate (51.6) (30.6) Operating income $ 57.1 $ 102.2 Depreciation & amortization: Color, Additives and Inks $ 25.8 $ 26.0 Specialty Engineered Materials 21.2 7.8 Corporate 3.5 3.8 Depreciation & Amortization $ 50.5 $ 37.6 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 91.4 $ 120.5 Specialty Engineered Materials 64.3 46.1 Corporate (48.1) (26.8) Other income (expense), net 0.7 (0.6) EBITDA $ 108.3 $ 139.2 13 Attachment 7 Avient Corporation Reconciliation of Non-GAAP Financial Measures (Unaudited) (In millions, except per share data) Senior management uses gross margin before special items and operating income before special items to assess performance and allocate resources because senior management believes that these measures are useful in understanding current profitability levels and how it may serve as a basis for future performance.
https://www.avient.com/sites/default/files/2024-02/AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf
& Canada 41% 36% 2023 SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS 19% 23%Industrial Building and END MARKET REVENUE $2,007M $358M $1,138M $224M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $502M$3,143M (1) 22 (1) Total company sales and adjusted EBITDA of $3,143M and $502M, respectively, include intercompany sales eliminations and corporate costs 2023 REVENUE | $2 .0 BILLION 34% 37% 21% END MARKET REGION 23 34% 21% 15% Building & 1% Energy COLOR, ADDITIVES & INKS 2023 REVENUE | $1 .1 BILLION 52% 35% 24 6%Industrial 12% 10% Defense Building & END MARKET REGION SPECIALTY ENGINEERED MATERIALS 32% 26% Building & 6% 2% Defense 1% (18% of sales) 2023 AVIENT REGIONAL SALES 25% Building & (36% of sales)Transportation 22% Building & 12% 6% US & Canada (41% of sales) 59% 22% Building & LATAM (5% of sales) 25 BY END MARKET Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except for per share data) Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special items, to assess performance and facilitate comparability of results. Three Months Ended Year Ended Reconciliation of Pro Forma Adjusted Earnings per Share 2022年12月31日 Net (loss) income from continuing operations attributable to Avient shareholders $ (17.0) $ 82.8 Special items, after tax 38.3 116.2 Amortization expense, after-tax 14.6 49.0 Adjusted net income from continuing operations excluding special items 35.9 248.0 Pro forma adjustments* 2.5 13.6 APM pro forma amortization expense, after-tax* — 19.1 Pro forma adjusted net income from continuing operations attributable to Avient shareholders $ 38.4 $ 280.7 Weighted average diluted shares 91.7 92.2 Pro forma adjusted EPS - excluding special items pro forma for APM acquisition $ 0.42 $ 3.04 * Pro forma adjustment to reflect APM results for the period before Avient ownership including the impacts of debt financing and paydown of debt with net proceeds from the Distribution sale. 2 Three Months Ended Year Ended 2023 2022 2023 2022 Sales: Color, Additives and Inks $ 459.4 $ 490.8 $ 2,007.4 $ 2,355.0 Specialty Engineered Materials 259.8 300.8 1,138.2 1,044.4 Corporate (0.2) (1.2) (2.8) (2.5) Sales $ 719.0 $ 790.4 $ 3,142.8 $ 3,396.9 Operating income: Color, Additives and Inks $ 61.8 $ 44.3 $ 259.9 $ 301.0 Specialty Engineered Materials 29.4 35.2 142.5 140.1 Corporate (48.1) (79.1) (205.6) (197.8) Operating income $ 43.1 $ 0.4 $ 196.8 $ 243.3 Other expense, net: $ 4.3 $ (28.4) $ 5.8 $ (59.7) Depreciation & amortization: Color, Additives and Inks $ 22.2 $ 25.2 $ 98.3 $ 101.3 Specialty Engineered Materials 19.8 20.3 81.5 48.7 Corporate 2.2 3.1 9.0 12.5 Depreciation & amortization $ 44.2 $ 48.6 $ 188.8 $ 162.5 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 84.0 $ 69.5 $ 358.2 $ 402.3 Specialty Engineered Materials 49.2 55.5 224.0 188.8 Corporate (45.9) (76.0) (196.6) (185.3) Other expense, net $ 4.3 $ (28.4) $ 5.8 $ (59.7) EBITDA $ 91.6 $ 20.6 $ 391.4 $ 346.1 Special items in EBITDA 22.3 86.8 110.4 162.5 EBITDA - excluding special items $ 113.9 $ 107.4 $ 501.8 $ 508.6 APM pro forma adjustments - 8 months 2022* — — — 83.1 Pro forma EBITDA $ 113.9 $ 107.4 $ 501.8 $ 591.7 * Pro forma adjustment for January - August 2022 APM results (period before Avient ownership). 3 AVNT Q4 2023 Earnings Presentation_For Website_with Non-GAAP.pdf AVNT Q4 2023 Earnings Presentation_For Website.pdf IR Deck - AVNT-2023.12.31 (2.12.24 9PM Milestone February 12 0905 pm).pdf Attachment Non-GAAP Update.pdf
https://www.avient.com/sites/default/files/2023-05/AVNT Q1 2023 Earnings Presentation.pdf
& Canada 40% 38% 17% Q1 2023 SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS 18% 23% Building and 6%Telecommunications END MARKET REVENUE (1) Total company sales and adjusted EBITDA of $846M and $134M, respectively, include intercompany sales eliminations and corporate costs $537M $91M $310M $64M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $134M$846M (1) 9 Q1 2023 SALES BY REGION Yo Y C H A N G E ( E X C L . National Defense budget of $842 billion submitted to Congress in Q1 2023 • European NATO members annual defense spend expected to increase by up to 20% Dyneema® is the world’s strongest fiber™ One of the highest strength to weight ratios of any material on Earth Direct relationships with industry leading armor manufacturers Resistant to most chemicals, UV, and moisture to handle any environment Avient Confidential 13 DEFENSE Source: US Department of Defense, defense.gov, NATO13 Source: TRANSPORTATION • Increased EPA regulations requiring improved fuel efficiency, enabled in part by lower-weight vehicles • Automakers preparing for 2/3 of U.S. vehicles to be 100% electric by 2032 Lightweight panels that establish both strength and stiffness resulting in decreased energy usage, lower emissions Long-lasting Color applications to resist UV exposure, temperature fluctuations and exceed the stylistic requirements of global automakers 14 $130 $530 $0.60 $2.40 2023 GUIDANCE 15 Sales Adjusted EBITDA $845 $3,400 Adjusted EPS (in millions) (in millions) CASH FLOW / LEVERAGE 16 • Maintaining free cash flow and leverage guidance from February earnings call • IT investment to further integrate acquired businesses and capture operational efficiencies • Restructuring actions to streamline operations and improve profitability, primarily in Europe ($ millions) 2023E Cash Flow from Operating Activities 350$ Less: Run-Rate CapEx (110) CapEx for IT System Upgrade (25) CapEx for Restructuring (15) Total CapEx (150) Free Cash Flow 200$ Adjusted EBITDA 530$ Net Debt / Adjusted EBITDA 2.9x LONG-TERM REVENUE GROWTH DRIVERS Growth Drivers Long-Term Growth Rate Sustainable Solutions 8–12% Healthcare 8–10% Composites 10% Asia / LATAM 5% Other (GDP growth) 2–3% Avient 6.5% 17 Sustainable Solutions 32% Asia / LATAM Composites Other (GDP Growth) 39% • Virtual presentation to be held 2023年9月20日 • The company will be conducting an investor-focused presentation around our sustainability solutions portfolio Avient Confidential 18 SUSTAINABILITY INVESTOR DAY 18 $340M $405M $455M $550M $790M $915M 2016 2017 2018 2019 2020PF** 2021 2022PF*** SUSTAINABILITY FOR A BETTER TOMORROW Revenue From Sustainable Solutions* 2016-2022 ($ in millions) Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12% 19 *Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”) **2020 is Pro Forma to include full year of the Clariant Color business ***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution $1,175M Lightweighting Eco-Conscious Recycle Solutions VOC Reduction Sustainable Infrastructure Human Health & Safety Reduced Energy Use Bio-polymers SUSTAINABILITY NEEDS BY MARKET B&C • Eco-Conscious • Carbon footprint • Resource conservation • Carbon footprint • Bio based content • Eco-Conscious Automotive • Light weighting • Recycled Content • VOC reduction • Recycle Solutions • Carbon Footprint Packaging • Recycle Solutions • Food waste reduction Common Theme: CO2 Emission Goals Increasing Single-Use Plastic Regulation 20 INVESTING IN INNOVATION S U S T A I N A B I L I T Y P O R T F O L I O 21 AP P EN D IX 24 RAW MATERIAL 2022 ANNUAL PURCHASES Performance Additives Pigments 12% TiO2 Dyestuffs 2% Polyethylene Nylon Polypropylene Styrenic Block Copolymer Other Raw Materials 33% ~40% hydrocarbon based (Grey shaded materials are hydrocarbon based, includes portion of “Other Raw Materials”) Non-hydrocarbon based materials • Cost inflation decelerating, particularly for hydrocarbon-based raw materials 2022 pro forma results for the acquisition of Avient Protective Materials SEGMENT DATA U.S. & Canada 40% 37% 18% 2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY GEOGRAPHY REVENUESEGMENT FINANCIALS 24% Building and END MARKET REVENUE $2,355M $402M $1,300M $272M Sales EBITDA Specialty Engineered Materials Color Additives and Inks $592M$3,653M (1) 9% 26 (1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs C O L O R , A D D I T I V E S & I N K S 2022 REVENUE | $2 .4 B ILL ION 34% 38% END MARKET REGION 27 34% 21% Building & 1% Energy 2% S P E C I A LT Y E N G I N E E R E D M AT E R I A L S 2022 PRO FORMA REVENUE | $1 .3 B ILL ION END MARKET 52% 35% REGION 28 19% 8%Industrial 9% Defense Building & 32% 27% 14% Building & 3% 1% Defense 1% (18% of sales) 9% 2022 PROFORMA AVIENT REGIONAL SALES BY END MARKET 27% 14% 17% Building & (37% of sales)Transportation 24% 12% Building & US & Canada (40% of sales) 56% 23% Building & 1% LATAM (5% of sales) 3% 29 PEER COMPARISONS AVIENT IS ASSET LIGHT Capex / Revenue 2023E (%) Avient Specialty Other Specialty / Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M. 31 4 4 5 5 5 6 7 9 FREE CASH FLOW CONVERSION Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. Three Months Ended 2023年3月31日 Three Months Ended 2022年3月31日 Reconciliation to Condensed Consolidated Statements of Income $ EPS $ EPS Net income from continuing operations attributable to Avient shareholders $ 20.8 $ 0.23 $ 64.4 $ 0.70 Special items, after tax 22.3 0.24 6.4 0.07 Amortization expense, after-tax 15.1 0.16 $ 10.8 $ 0.12 Adjusted net income / EPS $ 58.2 $ 0.63 $ 81.6 $ 0.89 March 31, Reconciliation of Pro Forma Sales 2023 2022 Sales $ 845.7 $ 892.2 APM pro forma adjustments — 94.9 Pro forma sales $ 845.7 $ 987.1 1 Three Months Ended Reconciliation to EBITDA and Adjusted EBITDA: 2023 2022 Net income from continuing operations – GAAP $ 21.3 $ 64.7 Income tax expense 7.7 20.0 Interest expense, net 28.8 16.9 Depreciation and amortization 50.5 37.6 EBITDA from continuing operations $ 108.3 $ 139.2 Special items, before tax 27.3 6.7 Depreciation and amortization included in special items (1.8) (2.1) Adjusted EBITDA $ 133.8 $ 143.8 Pro forma APM adjustments — 32.0 Pro forma adjusted EBITDA $ 133.8 $ 175.8 Pro forma adjusted EBITDA as a % of sales 15.8 % 17.8 % 2023 2022 Sales: Color, Additives and Inks $ 537.0 $ 649.5 Specialty Engineered Materials 309.7 243.1 Corporate (1.0) (0.4) Sales $ 845.7 $ 892.2 Operating income: Color, Additives and Inks $ 65.6 $ 94.5 Specialty Engineered Materials 43.1 38.3 Corporate (51.6) (30.6) Operating income $ 57.1 $ 102.2 Depreciation & amortization: Color, Additives and Inks $ 25.8 $ 26.0 Specialty Engineered Materials 21.2 7.8 Corporate 3.5 3.8 Depreciation & Amortization $ 50.5 $ 37.6 Earnings before interest, taxes, depreciation and amortization (EBITDA): Color, Additives and Inks $ 91.4 $ 120.5 Specialty Engineered Materials 64.3 46.1 Corporate (48.1) (26.8) Other income (expense), net 0.7 (0.6) EBITDA $ 108.3 $ 139.2 AVNT Q1 2023 Earnings Presentation v2 AVNT Q1 2023 Earnings Presentation 5.2 221pm IR Deck - AVNT-2023.03.31 (002).pdf
https://www.avient.com/sites/default/files/resources/POL%2520BofA%2520Basic%2520Materials%2520IR%2520Presentation%2520w%2520non-GAAP%252012%252011%25202013.pdf
Platform operating income mix percentage 2005Y* 2008Y* 2010Y* YTD 2013 Global Specialty Engineered Materials $ 0.4 $ 17.6 $ 49.7 $ 48.2 Global Color, Additives and Inks 4.3 28.1 37.7 83.4 Designed Structures and Solutions - - - 21.4 Specialty Platform $ 4.7 $ 45.7 $ 87.4 $ 153.0 Performance Products and Solutions 75.7 31.3 54.0 41.8 Distribution 19.5 28.1 42.0 49.7 SunBelt Joint venture 91.9 28.6 18.9 - Corporate (51.5) (425.1) (27.7) (61.7) Operating income (loss) GAAP $ 140.3 $ (291.4) $ 174.6 $ 182.8 Less: Corporate operating expense 51.5 425.1 27.7 61.7 Operating income excluding Corporate $ 191.8 $ 133.7 $ 202.3 $ 244.5 Specialty platform operating mix percentage 2% 34% 43% 63% * Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment. Platform sales and operating income (OI) 2006Y* YTD 2013 Organic’ Acquisitions** YTD 2013’ Consolidated Global Specialty Engineered Materials Sales $ 345.3 $ 427.2 $ 113.6 $ 540.8 Global Color, Additives and Inks Sales 531.8 608.0 45.7 653.7 Designed Structures and Solutions Sales - - 428.2 428.2 Specialty Platform Sales $ 877.1 $ 1,035.2 $ 587.5 1,622.7 Performance Products and Solutions Sales 1,166.2 473.6 39.2 512.8 PolyOne Distribution Sales 732.8 818.1 - 818.1 Corporate and eliminations (153.7) (106.0) - (106.0) Total Sales $ 2,622.4 $ 2,220.9 $ 626.7 $ 2,847.6 Global Specialty Engineered Materials OI $ 3.9 $ 46.1 $ 2.1 $ 48.2 Global Color, Additives and Inks OI 8.9 78.0 5.4 83.4 Designed Structures & Solutions OI - - 21.4 21.4 Specialty Platform OI $ 12.8 $ 124.1 $ 28.9 $ 153.0 Performance Products and Solutions OI 64.2 38.1 3.7 41.8 PolyOne Distribution OI 19.2 49.7 - 49.7 Sunbelt Joint Venture OI 102.9 - - - Corporate and eliminations (4.6) (39.5) - (39.5) Special items in OI 39.1 (22.2) - (22.2) Operating income GAAP $ 233.6 $ 150.2 $ 32.6 $ 182.8 Sunbelt equity income (107.0) - - - Special items in OI (39.1) 22.2 - 22.2 Operating income adjusted $ 87.5 $ 172.4 $ 32.6 $ 205.0 Global Specialty Engineered Materials - OI % of sales 1.1% 10.8% 1.8% 8.9% Global Color, Additives and Inks - OI % of sales 1.7% 12.8% 11.8% 12.8% Designed Structures & Solutions - OI % of sales - - 5.0% 5.0% Specialty platform OI - % of sales 1.5% 12.0% 5.0% 9.4% PP&S operating OI - % of sales 5.5% 8.0% 9.4% 8.2% Distribution OI - % of sales 2.6% 6.1% - 6.1% PolyOne OI adjusted - % of sales 3.3% 7.8% 5.2% 7.2% * Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment. ** Spartech and Glasforms results for the nine months ended 2013年9月30日. Three Months Ended ‘’’’’September 30, Platform operating income “””””””2013 2012 (a) Global Specialty Engineered Materials $ 15.7 $ 13.1 Global Color, Additives and Inks 28.7 18.6 Designed Structures and Solutions 10.9 – Specialty Platform 55.3 31.7 Performance Products and Solutions 14.3 12.3 PolyOne Distribution 16.6 16.4 Corporate and eliminations (24.6) (16.9) Operating income $ 61.6 $ 43.5 (a) Adjusted to reflect the resins business as a discontinued operation.