https://www.avient.com/sites/default/files/2023-12/Avient_ALL_Policies_Dec_18_2023.pdf
Ashish Khandpur President and CEO December 18, 2023 ENVIRONMENTAL POLICY Avient Corporation conducts its operations in an environmentally responsible manner that is protective of the communities in which we operate. Ashish Khandpur President and CEO December 18, 2023 SAFETY & HEALTH POLICY Avient Corporation believes that safety and health are the highest corporate priority. Ashish Khandpur President and CEO December 18, 2023 Product Stewardship Policy Product Stewardship plays a significant role in Avient’s sustainable and ethical business practices.
https://www.avient.com/sites/default/files/2023-12/Wire _ Cable Tri-fold Selection Guide_SPANISH.pdf
GUÍA DE SELECCIÓN DE PRODUCTOS SOLUCIONES PARA CABLE & ALAMBRE Materiales de Ingenieria Especializada Formulaciones para aislamiento, revestimiento y cross-web para el mercado de cable y alambre Syncure™ XLPE Formulaciones de Polietileno Reticulable • Curado al ambiente • Alto desempeño a la flama • Resistente al calor, el aceite, a la deformación por stress constante y la abrasión • Propiedades de baja temperatura • Baja inversión de capital • Alta velocidad de extrusión • Libre de DBDPE disponible • Boletinados por UL/CSA Maxxam™ FR Polipropileno con Retardante de Flama • Reemplaza al FEP para aislamiento • Desempeño a la flama • Cumplimiento a UL 444 yellow card • Baja constante dieléctrica • Alta velocidad de extrusión • Capacidad de extrusión para paredes delgadas Maxxam™ SY Polipropileno Espumado • Baja constante dieléctrica • Estructura celular uniforme • Resistencia al calor y la compresión • Facilidad del espumado mediante proceso químico Soluciones LSFOH ECCOH™ Baja Emisión de Humo y Libre de Halógenos • Mejora de la seguridad contra incendios • Baja emisión de humo, toxicidad y libre de halogenos (LSFOH) • Resistencia química ECCOH™ XL Soluciones para Cable Reticulado • Libre de halógenos, baja emisión de humos, baja toxicidad y anticorrosiva • Excelentes propiedades electricas y mecanicas • Facilmente procesable • Temperaturas de operación 90°C • Tecnologia de curado por humedad Synprene™ Elastómeros Termoplásticos Retardantes de Flama • Alta desempeño a la flama • Resistencia a baja temperatura • Resistencia química • Permite coloración FireCon™ CPE Polietileno Clorado Retardante de Flama • Resistencia en ambientes extremos • Propiedades de baja temperatura • Alta desempeño a la flama • Alta velocidad de extrusión • Resistencia a la luz del sol y rayos UV ECCOH™ XL 8148 Libre de halógenos, baja emisión de humos, baja toxicidad, anticorrosivo EN50618 Syncure™ S100FH Flama horizontal UL 44 Syncure™ S100FH-XUV Flama horizontal, resistencia UV UL 44 Syncure™ S100FH-UV Flama horizontal, FV-1, resistencia UV UL 44, UL 4703 Syncure™ S100FV VW-1 UL 44 Syncure™ S100FV-UV VW-1, resistencia UV UL 44 Syncure™ S112NA Sin retardante a la flama CSA 22.2 Syncure™ S120NA Sin retardante a la flama NSF 61 Syncure™ S200FH Flama horizontal, libre de DBDPE UL 44 Syncure™ S200FV VW-1, libre de DBDPE UL 44 SISTEMAS PARA AISLAMIENTO DE CABLES DE BAJO VOLTAJE Cables de baja tensión • Desempeño a la flama • Resistencia al calor, aceite y abrasión • Buen desempeño a bajas temperaturas • Baja inversión de capital • Altas velocidades de procesamiento AISLAMIENTO Y CROSS-WEBS PARA CABLES DE CATEGORIA Los sistemas de cables de categoría nos proporcionan • Alternativas de cables FEP • Desempeño a la flama • Baja constante dieléctrica • Altas velocidades de extrusión y desempeño para pared delgada • Resistencia química • Desempeño a bajas temperaturas Maxxam™ FR 0521-48 R1 Baja emisión de humo, libre de halógenos UL 444 Maxxam™ FR 0587-21 R3 Halogenado, y desempeño para cables plenum UL 444 Cables para fibra optica • Resistencia a ambientes extremos, químicos y a la exposición a luz del sol • Resistencia a bajas temperaturas (LTB) • Baja emisión de humos y toxicidad • Flexibilidad • Altas velocidades en extrusion ECCOH™ 6649 UV Low DD Baja emisión de humos, Libre de halógenos Cubre las requerimientos de retardacia a la flama requeridos por el cliente Cables Coaxiales • Altas velocidades de extrusión • Baja constante dieléctrica • Estructura de celda uniforme • Resistencia al calor y a la deformación Maxxam™ SY 89-22-7 Espumable Cubre las requerimientos de retardacia a la flama requeridos por el cliente SISTEMAS PARA CUBIERTA PARA CABLES DE DATOS Cubiertas para medio y bajo voltaje • Resistencia a ambientes extremos, ambientes químicos y degradación por rayos UV • Resistencia a bajas temperaturas (LTB) • Baja emisión de humos y toxicidad • Flexibilidad • Altas velocidades de extrusión • Fácilmente de colorear CARACTERISTICAS MERCADOS Y APLIACIONES FireCon™ CPE 30-33 RoHS Black Retardante a la flama, flexible Edificación & construcción, FireCon™ CPE 37-36 RoHS Black Retardante a la flama, flexible Edificación & construcción, FireCon™ CPE 30-20 RoHS Natural Retardante a la flama, flexible Edificación & construcción, ECCOH™ 5549 UV Baja emisión de humos, libre de halógenos, retardante a la flama Edificación & construcción, industrial ECCOH™ 6649 UV Low DD Baja emisión de humos, libre de halógenos, retardante a la flama Fibra optica, ductos ECCOH™ 5981 UV Baja emisión de humos, libre de halógenos, retardante a la flama Cables industriales, cables Teck 90 Synprene™ RT5180 Retardante a la flama, Synprene™ RT5180UV Retardante a la flama, Synprene™ RT3870M Retardante a la flama, www.avient.com Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520BOAML%2520Basic%2520Materials%2520Conference%2520w%2520non-GAAP%252012%252011%25202014.pdf
S&P 500 -150% -50% 50% 150% 250% 350% 450% 550% POL S&P 500 All time high of $43.34 July 1st, 2014 PolyOne Corporation Page 9 2006 2014 YTD 2015 “Where we were” “Where we are” Target 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 14.9% 12 – 16% Global Specialty Engineered Materials 1.1% 12.1% 12 – 16% Designed Structures & Solutions -- 7.6% 8 – 10% Performance Products & Solutions 5.5% 8.1% 9 – 12% Distribution 2.6% 6.2% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 65% 65 – 75% 3) ROIC* 5.0% 10.6% 15% 4) Adjusted EPS Growth N/A 37% Double Digit Expansion Proof of Performance & 2015 Goals *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period PolyOne Corporation Page 10 32% Adjusted EPS CAGR from 2011 2015 EPS: $2.50 2011 EPS: $0.82 Continued Gross Margin Expansion Mergers & Acquisitions Spartech Accretion Incremental Share Buybacks Ongoing LSS Programs (50-100 bps/yr) Accelerated Innovation & Mix Improvement Several Levers to Drive Growth Mid Single Digit Revenue Growth PolyOne Corporation Page 11 Innovation Drives Earnings Growth *Percentage of Specialty Platform revenue from products introduced in last five years $20 $53 2006 2013 Research & Development Spending ($ millions) Specialty Platform Vitality Index Progression* 14% 31% 2006 2013 Specialty Platform Gross Margin % 20% 43% 2006 2013 Specialty Vitality Index Target ≥ 35% Vitality Products + 700 to 1000 bps PolyOne Corporation Page 12 Prototype Frame Opportunity Scale-up & Test Market Build Business Case Commercial Launch Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 4 11 5 10 6 9 3 4 2 15 9 1 10 4 Breakthrough Platform Derivative A Rich Pipeline of Opportunity Number of Projects 25 14 19 17 18 93 Addressable Market ($ millions) TBD TBD $800 $450 $450 $1,700 PolyOne Corporation Page 13 Megatrends Aligned with Key End Markets Decreasing Dependence on Fossil Fuels Protecting the Environment Improving Health and Wellness Megatrend End Markets Globalizing and Localizing Health & Wellness Transportation Packaging Consumer PolyOne Corporation Page 14 60% 100% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 2014 Pension Funding** As of September 30, 2014 Debt Maturities & Pension Funding – 9/30/14 Net Debt / EBITDA* = 1.7x $48 $317 $600 $0 $100 $200 $300 $400 $500 $600 $700 $800 2015 2020 2023 Debt Maturities As of September 30, 2014 ($ millions) Coupon Rates: 7.500% 7.375% 5.250% ** includes US-qualified pension plans only *TTM 9/30/2014 PolyOne Corporation Page 15 Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return Expanding our sales, marketing, and technical capabilities Targets that expand our: • Specialty offerings • End market presence • Geographic footprint • Operating Margin Synergy opportunities Adjacent material solutions Repurchased 1.5 million shares in Q3 2014 Repurchased 9.7 million shares since early 2013 10.3 million shares are available for repurchase under the current authorization Organic Growth Acquisitions Share Repurchases Dividends Investing in operational and LSS initiatives (including synergy capture) Manufacturing alignment $0.16 $0.20 $0.24 $0.32 $0.40 $0.10 $0.20 $0.30 $0.40 $0.50 2011 2012 2013 2014 2015 Annual Dividend PolyOne Corporation Page 16 PolyOne Core Values Innovation Collaboration Excellence PolyOne Corporation Page 17 The New PolyOne: A Specialty Growth Company Why Invest In PolyOne? ��PolyOne Investor Presentation�Bank of America Merrill Lynch �2014 US Basic Materials Conference�Boston, MA�2014年12月11日�� Forward-Looking Statements Use of Non-GAAP Measures PolyOne Commodity to Specialty Transformation PolyOne�At A Glance Mix Shift Highlights Specialty Transformation Confirmation of Our Strategy Strategy and Execution Drive Results Proof of Performance & 2015 Goals 32% Adjusted EPS CAGR from 2011 Innovation Drives Earnings Growth A Rich Pipeline of Opportunity Megatrends Aligned with Key End Markets Debt Maturities & Pension Funding – 9/30/14 Free Cash Flow and Strong Balance Sheet �Fund Investment / Shareholder Return PolyOne Core Values Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520Jefferies%2520Conf%2520w%2520Non%2520GAAP%252008%252012%25202014.pdf
S&P 500 All time high of $43.34 July 1st, 2014 PolyOne Corporation Page 8 2006 2014 YTD 2015 “Where we were” “Where we are” Target 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 15.2% 12 – 16% Global Specialty Engineered Materials 1.1% 11.8% 12 – 16% Designed Structures & Solutions -- 7.1% 8 – 10% Performance Products & Solutions 5.5% 8.0% 9 – 12% Distribution 2.6% 6.0% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 66% 65 – 75% 3) ROIC* 5.0% 9.9% 15% 4) Adjusted EPS Growth N/A 40% Double Digit Expansion Proof of Performance & 2015 Goals *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period (Est. in 2012) PolyOne Corporation Page 9 Bridge to $2.50 Adjusted EPS by 2015 2015 EPS: $2.50 2013 EPS: $1.31 Continued Gross Margin Expansion Mergers & Acquisitions Spartech Accretion Incremental Share Buybacks Ongoing LSS Programs (50-100 bps/yr) Accelerated Innovation & Mix Improvement Several Levers to Drive Growth Mid Single Digit Revenue CAGR PolyOne Corporation Page 10 Innovation Drives Earnings Growth *Percentage of Specialty Platform revenue from products introduced in last five years $20 $53 2006 2013 Research & Development Spending ($ millions) Specialty Platform Vitality Index Progression* 14.3% 30.7% 2006 2013 Specialty Platform Gross Margin % 19.5% 43.0% 2006 2013 Specialty Vitality Index Target ≥ 35% PolyOne Corporation Page 11 Prototype Frame Opportunity Scale-up & Test Market Build Business Case Commercial Launch Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 4 11 5 10 6 9 3 4 2 15 9 1 10 4 Breakthrough Platform Derivative A Rich Pipeline of Opportunity* Number of Projects 25 14 19 17 18 93 Addressable Market ($ millions) TBD TBD $800 $450 $450 $1,700 *Pipeline as of 2014年5月29日 as presented during our Innovation Day PolyOne Corporation Page 12 Healthcare Consumer Packaging and Additive Technology Transportation Unique and Innovative Solutions https://www.dropbox.com/sh/dwe4t8aacvhb8ui/uD3p_bdglP/Presentation revise pics/GLS Beverage can closure XO 2.jpg https://www.dropbox.com/sh/dwe4t8aacvhb8ui/-YgkycKypw/Anti-Counterfeiting release & images/GN1979.JPG PolyOne Corporation Page 13 Megatrends Aligned with Key End Markets Decreasing Dependence on Fossil Fuels Protecting the Environment Improving Health and Wellness Megatrend End Markets Globalizing and Localizing Health & Wellness Transportation Packaging Consumer PolyOne Corporation Page 14 60% 100% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 2014 Pension Funding** As of June 30, 2014 Debt Maturities & Pension Funding – 6/30/14 Net Debt / EBITDA* = 1.8x $48 $317 $600 $0 $100 $200 $300 $400 $500 $600 $700 $800 2015 2020 2023 Debt Maturities As of June 30, 2014 ($ millions) Coupon Rates: 7.500% 7.375% 5.250% ** includes US-qualified pension plans only *TTM 6/30/2014 PolyOne Corporation Page 15 Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return $0.16 $0.20 $0.24 $0.32 $0.10 $0.20 $0.30 $0.40 2011 2012 2013 2014 Annual Dividend Expanding our sales, marketing, and technical capabilities Targets that expand our: • Specialty offerings • End market presence • Geographic footprint • Operating Margin Synergy opportunities Adjacent material solutions Repurchased 1.8 million shares in Q2 2014 Repurchased 8.2 million shares since early 2013 11.8 million shares are available for repurchase under the current authorization Organic Growth Acquisitions Share Repurchases Dividends Investing in operational and LSS initiatives (including synergy capture) Manufacturing alignment PolyOne Corporation Page 16 PolyOne Core Values Innovation Collaboration Excellence PolyOne Corporation Page 17 The New PolyOne: A Specialty Growth Company Why Invest In PolyOne? ��PolyOne Investor Presentation�Jefferies 2014 Global Industrials Conference�New York, NY�2014年8月12日�� Forward-Looking Statements Use of Non-GAAP Measures PolyOne Commodity to Specialty Transformation PolyOne�At A Glance Mix Shift Highlights Specialty Transformation Confirmation of Our Strategy Strategy and Execution Drive Results Proof of Performance & 2015 Goals Bridge to $2.50 Adjusted EPS by 2015 Innovation Drives Earnings Growth A Rich Pipeline of Opportunity* Unique and Innovative Solutions Megatrends Aligned with Key End Markets Debt Maturities & Pension Funding – 6/30/14 Free Cash Flow and Strong Balance Sheet �Fund Investment / Shareholder Return PolyOne Core Values Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2024-12/67599-Certificate-06DEC2024.pdf
Certificate Avient Corporation Certificate Of Conformance This is to certify that the Quality Management System of: Avient Corporation 33587 Walker Road Avon Lake OH 44012 has been assessed by ABS Quality Evaluations, Inc. and found to be in conformance with the requirements set forth by: ISO 9001:2015 The Quality Management System is applicable to: Design and manufacture of colour and additive concentrates, thermoplastic resins and specialty compounds Certificate No: 65799 Certification Date: 01 OCT 2020 Effective Date: 25 SEP 2023 Expiration Date 30 SEP 2026 Revision Date: 06 DEC 2024 Dominic Townsend, President Page 1 of 4 ISO 9001:2015 Certificate Of Conformance ANNEX Certificate No.: 65799 Avient Corporation At the below facilities Avient Corporation - Avon Lake, OH Management of QMS, Design and manufacture of colour and additive concentrates, thermoplastic resins and specialty compounds 33587 Walker Road Avon Lake OH 44012 United States Avient (Argentina) SA Administration, Site management, Manufacture, Laboratory (QC and Colormatching), Procurement, Maintenance, Infrastructure, Warehouse and Transport, Sales Av. Administration, Site management (Facitilities, EHS), Manufacture, Laboratory (QC Transport, SCM(DIP, Logistics, CSD, Call-off), QC, Product Stewardship 30, Hsing Pang Road Taoyuan 33068 Taiwan Page 3 of 4 Thailand Ltd.
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
我们的专长:WE ARE A FORMULATOR 6 CUSTOM FORMULATION M AY 3 , 2023 W EB CAS T Keeping Safety First o Relentless focus on best-in-class safety performance as an ACC Responsible Care® organization Exceeding Customer Expectations o Complementary technologies and customer relationships offer opportunity for future revenue synergies o Proven innovation-led commercial strategy with strong brands and participation across the full value chain Collaboration in Innovation o Leveraging Dyneema®, the world’s strongest fiber™, to accelerate growth of sustainable, ultralight and high performance applications People – Culture is Everything o Talented, passionate and collaborative associates drive an effective integration strategy o Strong Great Places to Work® scores reflect positive integration efforts in first year AVIENT PROTECTIVE MATERIALS INTEGRATION 8 AVIENT PROTECTIVE MATERIALS K E Y I N D U S T R I E S PERSONAL PROTECTION Military • Law Enforcement • First Responders • Body Armor • Helmets • Vehicle Protection 50% MARINE & SUSTAINABLE INFRASTRUCTURE Towing / Mooring • Aquaculture • Floating Wind • Offshore Cranes 30% CONSUMER Consumer • Outdoor High Performance • Safety Equipment 9 Figures reflect approximate proportions of 2022 sales Q 1 P ER FO RM A N CE Q1 2023 PERFORMANCE VS. GUIDANCE 11 $845 $846 $125 $134 Sales Adjusted EBITDA (in millions) $0.55 $0.63 (in millions) Q1 2023 PERFORMANCE VS. Avient reflects 2023 adjusted EBITDA guidance of $530M and estimated run-rate CAPEX of $110M.
https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_USA.pdf
Our Code of Conduct 2023 Table of Contents A Message from the CEO 1 Our Vision and Strategy 2 Core and Personal Values 2 Our Code of Conduct Guidelines for Ethical Behavior 4 Personal Values 4 Resolving Questions and Reporting Non-Compliance Situations 6 Ethics Hotline 6 Non Retaliation 6 Code of Conduct Application 7 Violations of the Code 7 Respect for All Diversity and Inclusion 9 Discrimination or Harassment 9 Workplace Relationships 9 Substance Abuse 10 Physical Security and Workplace Violence 10 Honesty at Work Accurate Information, Data and Records 12 Accounting Integrity 12 Company Communications 14 Safeguarding and Use of Assets 14 Proprietary and Confidential Information, Ideas and Intellectual Property 14 Privacy, Personal Information and Data Protection 15 Internet and E-mail Use 15 Social Media and Social Networking 15 Computer Security, Software Licensing and Copyrights 16 Insider Information and Trading 16 Political Contributions/Activities and Charitable Contributions 17 Government Investigations and Inquiries 17 Integrity in Our Business Fair Dealing 19 Bribery and Kickbacks 19 Agents and Consultants 20 Competition 20 Gifts and Hospitality 20 Conflicts of Interest 21 Self-Dealing 22 International Trade 22 Corporate Social Responsibility Sustainability 24 Safety, Health and Environment 24 Product and Service Safety 25 Respecting Human Rights 25 A Shared Commitment 25 Resources and Contact Information 26 1 A Message from the CEO Dear Avient Associates, As part of a growing, global company, we are faced with challenging situations and complex decision making.
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S&P 500 -150% -50% 50% 150% 250% 350% 450% 550% POL S&P 500 All time high of $43.34 July 1st, 2014 PolyOne Corporation Page 9 2006 2014 YTD 2015 “Where we were” “Where we are” Target 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 15.2% 12 – 16% Global Specialty Engineered Materials 1.1% 11.8% 12 – 16% Designed Structures & Solutions -- 7.1% 8 – 10% Performance Products & Solutions 5.5% 8.0% 9 – 12% Distribution 2.6% 6.0% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 66% 65 – 75% 3) ROIC* 5.0% 9.9% 15% 4) Adjusted EPS Growth N/A 40% Double Digit Expansion Proof of Performance & 2015 Goals *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period (Est. in 2012) PolyOne Corporation Page 10 Bridge to $2.50 Adjusted EPS by 2015 2015 EPS: $2.50 2013 EPS: $1.31 Continued Gross Margin Expansion Mergers & Acquisitions Spartech Accretion Incremental Share Buybacks Ongoing LSS Programs (50-100 bps/yr) Accelerated Innovation & Mix Improvement Several Levers to Drive Growth Mid Single Digit Revenue CAGR PolyOne Corporation Page 11 Innovation Drives Earnings Growth *Percentage of Specialty Platform revenue from products introduced in last five years $20 $53 2006 2013 Research & Development Spending ($ millions) Specialty Platform Vitality Index Progression* 14.3% 30.7% 2006 2013 Specialty Platform Gross Margin % 19.5% 43.0% 2006 2013 Specialty Vitality Index Target ≥ 35% PolyOne Corporation Page 12 Prototype Frame Opportunity Scale-up & Test Market Build Business Case Commercial Launch Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 4 11 5 10 6 9 3 4 2 15 9 1 10 4 Breakthrough Platform Derivative A Rich Pipeline of Opportunity* Number of Projects 25 14 19 17 18 93 Addressable Market ($ millions) TBD TBD $800 $450 $450 $1,700 *Pipeline as of 2014年5月29日 as presented during our Innovation Day PolyOne Corporation Page 13 Megatrends Aligned with Key End Markets Decreasing Dependence on Fossil Fuels Protecting the Environment Improving Health and Wellness Megatrend End Markets Globalizing and Localizing Health & Wellness Transportation Packaging Consumer PolyOne Corporation Page 14 60% 100% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 2014 Pension Funding** As of June 30, 2014 Debt Maturities & Pension Funding – 6/30/14 Net Debt / EBITDA* = 1.8x $48 $317 $600 $0 $100 $200 $300 $400 $500 $600 $700 $800 2015 2020 2023 Debt Maturities As of June 30, 2014 ($ millions) Coupon Rates: 7.500% 7.375% 5.250% ** includes US-qualified pension plans only *TTM 6/30/2014 PolyOne Corporation Page 15 Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return $0.16 $0.20 $0.24 $0.32 $0.10 $0.20 $0.30 $0.40 2011 2012 2013 2014 Annual Dividend Expanding our sales, marketing, and technical capabilities Targets that expand our: • Specialty offerings • End market presence • Geographic footprint • Operating Margin Synergy opportunities Adjacent material solutions Repurchased 1.8 million shares in Q2 2014 Repurchased 8.2 million shares since early 2013 11.8 million shares are available for repurchase under the current authorization Organic Growth Acquisitions Share Repurchases Dividends Investing in operational and LSS initiatives (including synergy capture) Manufacturing alignment PolyOne Corporation Page 16 PolyOne Core Values Innovation Collaboration Excellence PolyOne Corporation Page 17 The New PolyOne: A Specialty Growth Company Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/POL%2520IR%2520Presentation%2520-%2520RW%2520Baird%2520Conference%2520w%2520non-GAAP.pdf
S&P 500 -150% -50% 50% 150% 250% 350% 450% 550% POL S&P 500 All time high of $43.34 July 1st, 2014 PolyOne Corporation Page 9 2006 2014 YTD 2015 “Where we were” “Where we are” Target 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 14.9% 12 – 16% Global Specialty Engineered Materials 1.1% 12.1% 12 – 16% Designed Structures & Solutions -- 7.6% 8 – 10% Performance Products & Solutions 5.5% 8.1% 9 – 12% Distribution 2.6% 6.2% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 65% 65 – 75% 3) ROIC* 5.0% 10.6% 15% 4) Adjusted EPS Growth N/A 37% Double Digit Expansion Proof of Performance & 2015 Goals *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period PolyOne Corporation Page 10 32% Adjusted EPS CAGR from 2011 2015 EPS: $2.50 2011 EPS: $0.82 Continued Gross Margin Expansion Mergers & Acquisitions Spartech Accretion Incremental Share Buybacks Ongoing LSS Programs (50-100 bps/yr) Accelerated Innovation & Mix Improvement Several Levers to Drive Growth Mid Single Digit Revenue Growth PolyOne Corporation Page 11 Innovation Drives Earnings Growth *Percentage of Specialty Platform revenue from products introduced in last five years $20 $53 2006 2013 Research & Development Spending ($ millions) Specialty Platform Vitality Index Progression* 14% 31% 2006 2013 Specialty Platform Gross Margin % 20% 43% 2006 2013 Specialty Vitality Index Target ≥ 35% Vitality Products + 700 to 1000 bps PolyOne Corporation Page 12 Prototype Frame Opportunity Scale-up & Test Market Build Business Case Commercial Launch Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 4 11 5 10 6 9 3 4 2 15 9 1 10 4 Breakthrough Platform Derivative A Rich Pipeline of Opportunity Number of Projects 25 14 19 17 18 93 Addressable Market ($ millions) TBD TBD $800 $450 $450 $1,700 PolyOne Corporation Page 13 Megatrends Aligned with Key End Markets Decreasing Dependence on Fossil Fuels Protecting the Environment Improving Health and Wellness Megatrend End Markets Globalizing and Localizing Health & Wellness Transportation Packaging Consumer PolyOne Corporation Page 14 60% 100% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 2014 Pension Funding** As of September 30, 2014 Debt Maturities & Pension Funding – 9/30/14 Net Debt / EBITDA* = 1.7x $48 $317 $600 $0 $100 $200 $300 $400 $500 $600 $700 $800 2015 2020 2023 Debt Maturities As of September 30, 2014 ($ millions) Coupon Rates: 7.500% 7.375% 5.250% ** includes US-qualified pension plans only *TTM 9/30/2014 PolyOne Corporation Page 15 Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return Expanding our sales, marketing, and technical capabilities Targets that expand our: • Specialty offerings • End market presence • Geographic footprint • Operating Margin Synergy opportunities Adjacent material solutions Repurchased 1.5 million shares in Q3 2014 Repurchased 9.7 million shares since early 2013 10.3 million shares are available for repurchase under the current authorization Organic Growth Acquisitions Share Repurchases Dividends Investing in operational and LSS initiatives (including synergy capture) Manufacturing alignment $0.16 $0.20 $0.24 $0.32 $0.40 $0.10 $0.20 $0.30 $0.40 $0.50 2011 2012 2013 2014 2015 Annual Dividend PolyOne Corporation Page 16 PolyOne Core Values Innovation Collaboration Excellence PolyOne Corporation Page 17 The New PolyOne: A Specialty Growth Company Why Invest In PolyOne?
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S&P 500 -150% -50% 50% 150% 250% 350% 450% 550% POL S&P 500 All time high of $43.34 July 1st, 2014 PolyOne Corporation Page 9 2006 2014 YTD 2015 “Where we were” “Where we are” Target 1) Operating Income % Specialty: Global Color, Additives & Inks 1.7% 15.2% 12 – 16% Global Specialty Engineered Materials 1.1% 11.8% 12 – 16% Designed Structures & Solutions -- 7.1% 8 – 10% Performance Products & Solutions 5.5% 8.0% 9 – 12% Distribution 2.6% 6.0% 6 – 7.5% 2) Specialty Platform % of Operating Income 6.0% 66% 65 – 75% 3) ROIC* 5.0% 9.9% 15% 4) Adjusted EPS Growth N/A 40% Double Digit Expansion Proof of Performance & 2015 Goals *ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period (Est. in 2012) PolyOne Corporation Page 10 Bridge to $2.50 Adjusted EPS by 2015 2015 EPS: $2.50 2013 EPS: $1.31 Continued Gross Margin Expansion Mergers & Acquisitions Spartech Accretion Incremental Share Buybacks Ongoing LSS Programs (50-100 bps/yr) Accelerated Innovation & Mix Improvement Several Levers to Drive Growth Mid Single Digit Revenue CAGR PolyOne Corporation Page 11 Innovation Drives Earnings Growth *Percentage of Specialty Platform revenue from products introduced in last five years $20 $53 2006 2013 Research & Development Spending ($ millions) Specialty Platform Vitality Index Progression* 14.3% 30.7% 2006 2013 Specialty Platform Gross Margin % 19.5% 43.0% 2006 2013 Specialty Vitality Index Target ≥ 35% PolyOne Corporation Page 12 Prototype Frame Opportunity Scale-up & Test Market Build Business Case Commercial Launch Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 4 11 5 10 6 9 3 4 2 15 9 1 10 4 Breakthrough Platform Derivative A Rich Pipeline of Opportunity* Number of Projects 25 14 19 17 18 93 Addressable Market ($ millions) TBD TBD $800 $450 $450 $1,700 *Pipeline as of 2014年5月29日 as presented during our Innovation Day PolyOne Corporation Page 13 Megatrends Aligned with Key End Markets Decreasing Dependence on Fossil Fuels Protecting the Environment Improving Health and Wellness Megatrend End Markets Globalizing and Localizing Health & Wellness Transportation Packaging Consumer PolyOne Corporation Page 14 60% 100% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2008 2014 Pension Funding** As of June 30, 2014 Debt Maturities & Pension Funding – 6/30/14 Net Debt / EBITDA* = 1.8x $48 $317 $600 $0 $100 $200 $300 $400 $500 $600 $700 $800 2015 2020 2023 Debt Maturities As of June 30, 2014 ($ millions) Coupon Rates: 7.500% 7.375% 5.250% ** includes US-qualified pension plans only *TTM 6/30/2014 PolyOne Corporation Page 15 Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return $0.16 $0.20 $0.24 $0.32 $0.10 $0.20 $0.30 $0.40 2011 2012 2013 2014 Annual Dividend Expanding our sales, marketing, and technical capabilities Targets that expand our: • Specialty offerings • End market presence • Geographic footprint • Operating Margin Synergy opportunities Adjacent material solutions Repurchased 1.8 million shares in Q2 2014 Repurchased 8.2 million shares since early 2013 11.8 million shares are available for repurchase under the current authorization Organic Growth Acquisitions Share Repurchases Dividends Investing in operational and LSS initiatives (including synergy capture) Manufacturing alignment PolyOne Corporation Page 16 PolyOne Core Values Innovation Collaboration Excellence PolyOne Corporation Page 17 The New PolyOne: A Specialty Growth Company Why Invest In PolyOne?