https://www.avient.com/sites/default/files/2023-07/Avient_CodeConduct_2023_Dutch.pdf
Avient verbiedt
ten strengste illega(a)l(e) bezit, productie, distributie,
verdeling, verkoop of gebruik van gecontroleerde
stoffen, illegale drugs of drugtoebehoren op terreinen
van het bedrijf (inclusief parkeerterreinen) of bij het
werken voor het bedrijf.
Sommige voorbeelden van onze
zakelijke dossiers omvatten:
• nieuwe productontwikkeling
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aan medewerkers
• informatie geplaatst op The Loop
Eigendomsrechtelijke en
vertrouwelijke informatie omvat:
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bedrijf
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• informatie over onze concurrentiepositie
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• informatie over productkosten
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• informatie over klanten, leveranciers, prijsbepaling en
andere commerciële informatie
• computersoftware en -systemen die voor ons bedrijf
ontwikkeld werden
• alle andere informatie die nuttig zou zijn voor een
concurrent
14
Inhoudsopgave
Vragen en Antwoorden
V: Mijn manager is op vakantie, en in haar
afwezigheid werd mij gevraagd om een contract
te ondertekenen namens het bedrijf.
Persoonlijke informatie is alle informatie
die gebruikt kan worden om iemand te
identificeren, zoals:
• door de overheid uitgegeven
identificatienummers, zoals een
burgerservicenummer of een nationaal
verzekeringsnummer
• salarisinformatie
• medische voorgeschiedenis
• prestatiedossiers
• persoonlijke adressen en telefoonnummers
Gebruik van internet en e-mail
Avient geeft onze medewerkers toegang tot vele vormen
van elektronische media voor zakelijk gebruik.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement %28Filed%29.pdf
Fearon
E.
Mink
E.
Mink 26,605
E.
https://www.avient.com/sites/default/files/2020-07/avient-abac-netherlands-200721.pdf
Uw supervisor of een manager van Avient
• De bedrijfsfunctionaris inzake ethiek via e-mail op
ethics.officer@avient.com
• Het hoofd Juridische zaken van Avient via e-mail op
legal.officer@avient.com
• Een lid van de juridische afdeling
• De ethische hotline van Avient
Ethische hotline van Avient
De ethische hotline is wereldwijd in meer dan 20 talen
telefonisch en via een website beschikbaar; 24 uur per dag,
7 dagen per week.
https://www.avient.com/sites/default/files/2020-07/avient-abac-germany-200717.pdf
Ihrem Vorgesetzten oder einem anderen Avient-
Manager
• dem Corporate Ethics Officer unter der E-Mail-
Adresse ethics.officer@avient.com
• dem General Counsel unter der E-Mail-Adresse
Legal.Officer@avient.com
• einem beliebigen Mitarbeiter der Rechtsabteilung
• der Ethik-Hotline von Avient
Ethik-Hotline von Avient
Die Ethik-Hotline ist weltweit in über 20 Sprachen täglich
rund um die Uhr telefonisch und über eine Website zu
erreichen.
https://www.avient.com/sites/default/files/2020-07/avient-abac-polish-200721.pdf
Przełożony albo dowolny kierownik w Avient
• Specjalista ds. etyki, adres e-mail:
ethics.officer@avient.com
• Radca prawny Avient, adres e-mail:
legal.officer@avient.com
• Pracownik działu prawnego
• Infolinia ds. etyki Avient
Infolinia ds. etyki Avient
Telefoniczna i internetowa infolinia ds. etyki jest dostępna
globalnie, jest obsługiwana w ponad 20 językach i działa
przez całą dobę siedem dni w tygodniu.
https://www.avient.com/sites/default/files/2020-07/avient-abac-spanish-spain-200720.pdf
Se debe
informar rápidamente de cualquier pago a funcionarios
gubernamentales, registrarlo adecuadamente e incluir
la finalidad, el importe y otros factores relevantes.
Las
solicitudes de facturas falsas o el pago de gastos que
sean inusuales, excesivos o que se describan de forma
inadecuada deben rechazarse e informar inmediatamente
de ello.
https://www.avient.com/sites/default/files/resources/Terms%2520and%2520Conditions%2520of%2520Sale%2520for%2520Hungary.pdf
A FELELŐSSÉG KORLÁTOZÁSA
A Termékek leszállításának vagy átvételének
időpontjában a Vevő az elfogadással egyidejűleg
köteles haladéktalanul írásban jelezni a hivatalos
fuvarlevélen vagy szállítási okmányon, hogy a
Termékekben a szállítás vagy fuvarozás következtében
keletkezett-e szemmel látható sérülés vagy károsodás.
If Seller, acting
reasonably, determines that the financial responsibility
of Buyer has become impaired or otherwise
unsatisfactory to Seller, Seller may require advance
payment or the posting of satisfactory security by
Buyer, and may withhold shipments until Buyer
makes such payments or posts such security; such
nem sérült, hibás vagy alkalmazhatatlan-e.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520KeyBanc%2520Conference%2520-%2520September%252014%25202016.pdf
PolyOne Corporation Page 3
PolyOne Commodity to Specialty Transformation
2000-20052000-2005 2006 - 20092006 - 2009 2010 – 20152010 – 2015 2016 and beyond
2016 and
beyond
• Steve Newlin
appointed, Chairman,
• Steve Newlin
appointed, Chairman,
• Substantial EPS growth
from $0.13 to all-time
high of $1.96
• Substantial EPS growth
from $0.13 to all-time
high of $1.96
• Deliver consistent
double digit annual
EPS growth
• Deliver consistent
double digit annual
EPS growth
• Volume driven,
commodity producer
• Volume driven,
commodity producer
pp , ,
President and CEO
• New leadership team
appointed
pp , ,
President and CEO
• New leadership team
appointed
• Shift to faster growing,
high margin, less
cyclical end markets
• Key acquisitions propel
• Shift to faster growing,
high margin, less
cyclical end markets
• Key acquisitions propel
• Maintain >35% vitality
index
• Pursue strategic
i iti th t
• Maintain >35% vitality
index
• Pursue strategic
i iti th t
• Heavily tied to
cyclical end markets
• Heavily tied to
cyclical end markets • Implementation of four
pillar strategy
• Implementation of four
pillar strategy
y q p p
current and future
growth, as well as
margin expansion
• Specialty mix expands
y q p p
current and future
growth, as well as
margin expansion
• Specialty mix expands
acquisitions that
expand specialty
offerings and
geographic breadth
acquisitions that
expand specialty
offerings and
geographic breadth
• Performance largely
dependent on non-
controlling joint
ventures
• Performance largely
dependent on non-
controlling joint
ventures
• Focus on value based
selling, investment in
commercial resources
and innovation to drive
transformation
• Focus on value based
selling, investment in
commercial resources
and innovation to drive
transformation
to 65% of Operating
Income – strongest mix
of earnings in history
to 65% of Operating
Income – strongest mix
of earnings in history
• Invest and grow
current and next
generation talent
• Invest and grow
current and next
generation talent
PolyOne Corporation Page 4
Confirmation of Our Strategy
SpecializationSpecialization GlobalizationGlobalization
Associates
Operational
Excellence
Operational
Excellence
Commercial
Excellence
Commercial
Excellence
Th W ld’ P i P id f S i li d
PolyOne Corporation Page 5
The World’s Premier Provider of Specialized
Polymer Materials, Services and Solutions
27 Consecutive Quarters of EPS Growth
PolyOne Corporation Page 6
PolyOne
At A Glance
2015 Revenues: $3.4 Billion2015 Revenues: $3.4 Billion 2015 Revenues: $3.4 Billion2015 Revenues: $3.4 Billion
Europe
13%
Canada
7%
Asia
7%
Latin America
7% PP&S
20%
United States
Distribution
29%
CAI
23%
SEM
%DSS
End MarketsEnd Markets Adjusted EPSAdjusted EPS
66% 15%
DSS
13%
End MarketsEnd Markets
$1.31
$1.80
Adjusted EPSAdjusted EPS
Industrial
14%
Packaging
13%
Textiles
2%
Transportation
$1.96
$0 27 $0 21
$0.68
$0.82
$1.00
$1.31
Building &
C
Consumer
Healthcare
11%
20%
Wire & Cable
9%
PolyOne Corporation Page 7
$0.12
$0.27 $0.21
$0.13
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Appliances
4%
Construction
12%
10%Electrical &
Electronics
5%
Mix Shift Highlights Specialty Transformation
Old
PolyOne
100%
Transformation
2020
Platinum
Vision
80%
nc
om
e*
40%
60%
pe
ra
tin
g
In
80%+
43%
65%
20%
40%
%
o
f O
2%0%
2005 2010 2015 2020
Specialty OI $5M $87M $229M Platinum
Vision
PolyOne Corporation Page 8
*Operating Income excludes corporate charges and special items
JV's Performance Products & Solutions Distribution Specialty
Vision
Color and Engineered Materials at the
Heart of Specialty Transformation
OPERATING MARGIN
16.7%
17.5%
20%+
COLOR, ADDITIVES
AND INKS
15 8%
20%+
SPECIALTY
ENGINEERED MATERIALS
9.7%
12.2%
14.7%
9.6% 9.3%
12.1%
14.7%
15.8%
1 7%
4.6% 5.1%
5.5%
7.2%
8.1%
3.4%
5.1%
8.0%
8.6%
1.7%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020
Platinum
Vision
1.1% 1.3%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q'16 2020
Platinum
Vision
YTD YTD
PolyOne Corporation Page 9
Proof of Performance & 2020 Goals
2006 2Q 2016 2020
“Where we were” “Where we are” Platinum Vision
1) Operating Income %1) Operating Income %
Specialty:
Color, Additives & Inks 1.7% 18.0% 20%+
S i lt E i d M t i l 1 1% 14 9% 20%+Specialty Engineered Materials 1.1% 14.9% 20%+
Designed Structures & Solutions N/A 1.7% (TTM) 8 – 10%
Performance Products &
Solutions 5.5% 12.3% 12 – 14%
Distribution 2.6% 6.5% 6.5 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 61% 80%+
3) ROIC* 5.0% 12.0% 15%
4) Adjusted EPS Growth N/A 11% Double Digit
PolyOne Corporation Page 10
) j %
Expansion
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
TPE’s & Film
Therma-Tech™ & Sheet
GEON™ Vinyl
TPE + OnForce™
Gravi-Tech™
Polymer ColorantsTherma-Tech™
Film
PolyOne Corporation Page 11Page 11
Target End Markets… Healthcare
OnForce
(SEM)
Glasforms
(SEM)
TPE + OnForce
(SEM)
TPE Vibration Dampening
(SEM/GLS)
Source: Outdoor Industry Association
TPE & Film
(SEM + DSS)
Thermoplastic Elastomers
(SEM)
TPE O F
Glasforms
(SEM)
Polymer Colorants
(CAI)
Thermatech
(SEM)
TPE + OnForce
(SEM)
OnForce
(SEM)
Thermoplastic Elastomers
(SEM)
Sheet
(DSS)
(SEM)
Glasforms
(SEM)
Polymer Colorants
(CAI)
PolyOne Corporation Page 12
Target End Markets… Outdoor High Performance
Sound & Vibration
Management
Roof Systems
Management
Interior & Exterior Trim
Interior Structural
Components
Fuel Handling
Underhood
Components
g
SystemsAir management
Electronics & Cameras
Structural Braces
& Brackets
Lighting
Fluid Handling
PolyOne Corporation Page 13
Target End Markets… Automotive
ColorMatrix™
Amosorb™
ColorMatrix™
Ultimate™ UV
Oxygen Scavenger
Ultimate UV
Light Barrier
PreservaPak™
OnColor™
Smart Batch™
OnCap™
Laser Marking
Additives
VersaFlex™
TPE Cap Liner
PolyOne Corporation Page 14
Target End Markets… Packaging
Innovation Drives Earnings Growth
$53
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
34%
CAI & SEM
Gross Margin
Target ≥ 35%
$20
$53
14%
12%
43%
*Specialty Platform revenue from products introduced in last five years
2006 2015 2006 20152006 2015
Innovation Pipeline PotentialInnovation Pipeline Potential
PolyOne Corporation Page 15
Ours is Not a Cost Cutting Story
VolumeCommercial, R&D Adjusted
2,883
Volume
(lbs in millions)
$192
Commercial, R&D
and Marketing
Spending ($M)
$721
Adjusted
Gross Profit ($M)
-16%
+86%
+138%
2,414$103
$303
2006 20152006 2015 2006 2015
PolyOne Corporation Page 16
Design and Service as a Differentiator
Right Material &
Color
Desired
Product Design
Appropriate
Manufacturing Process
Connecting
Delivering Concept to
Commercialization
Connecting
the Dots with
iQ Design Labs and
InVisiO Color Design
PolyOne Corporation Page 17
CommercializationInVisiO Color Design
Customer First Through World-Class Service
Strengthening relationships through:
Providing LSS services to small/medium sized customers
Providing training in Customer Centric Selling Skills with customers
On-Time Delivery Commitment to Operational Excellence
World’s Best Business
Process Excellence
Program in 2012*
World’s Best Start-up
program for Lean Six Sigma
Deployment in 2009*
81%
93%
2006 2015
Working Capital % of Sales
16.2%
9.7%
52% of associates trained in LSS
PolyOne Corporation Page 18
2006 2015
Five consecutive years – CFO Magazine Best Working
Capital Management in the chemical industry
Debt Maturities & Pension Funding
102%
100%
Pension Funding**
As of June 30, 2016
$700
$800 Debt Maturities
As of June 30, 2016
($ millions)
80%
90%
100%
$547
$600
$600
$700
60%
60%
70%
$500
40%
50%
$300
$400
20%
30%
2008 2Q 2016
$200
2022 2023
Coupon Rate: LIBOR + 2 75% 5 250%
PolyOne Corporation Page 19
Net Debt / Adjusted EBITDA*= 2.3x
** includes US-qualified pension plans only*TTM 6/30/2016
Coupon Rate: LIBOR + 2.75% 5.250%
(3.50%)
Free Cash Flow and Strong Balance Sheet
Fund Investment / Shareholder Return
Expanding our sales,
marketing, and
technical capabilities
Investing in operational
Repurchased 17.3
million shares since
early 2013
10 0 million shares are Investing in operational
and LSS initiatives
~75% of capital
expenditures fund
growth initiatives Organic
Gro th
Share
Rep rchases
10.0 million shares are
available for
repurchase under the
current authorization
Growth Repurchases
Acquisitions Dividends
Annual Dividend
Targets that expand
our:
• Specialty offerings
• End market
$0.20
$0.32
$0.40
$0.48
$0.30
$0.40
$0.50
• End market
presence
• Geographic breadth
Synergy opportunities
Adjacent material $0.24
PolyOne Corporation Page 20
$0.16
$
$0.10
$0.20
2011 2012 2013 2014 2015 2016
solutions
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/resources/Overmolding_of_Thermoplastic_Elastomers_Engineered_solutions_for_consumer_product_differentiation.pdf
Table 1: Physical Properties of Typical Overmolding TPEs
TPE-A TPE-B TPE-C TPE-D TPE-E TPE-F TPE-G
Hardness: 40 60 45 55 62 50 65
Specific Gravity: 0.92 0.93 0.97 1.07 1.17 1.17 1.15
Flow/Cross 300% Modulus: 292 472 379 340 583 423 587
Flow/Cross Tensile Strength: 587 628 687 462 1847 473 592
Flow/Cross Elongation: 593 532 589 604 589 485 236
Flow/Cross Tear: 107 148 140 178 274 156 186
CS 22hr. @ 23 C 18 28 27 25 18 24 33
The specific gravity range from 0.92 to 1.17 with a range of hardness for the overmolding application.
Table 2: Adhesion Values (pli) for Typical TPE grades which are polar modified styrenic block copolymers
TPE-A TPE-B TPE-C TPE-D TPE-E TPE-F TPE-G
Cycoloy C2950 (PC/ABS) 12.4 A 16.7 A 15 A 15.5 C 26.4 C
Cycolac T1000 (ABS) 11.9 A 17.8 A 14.5 A 15.1 C 27.2 C
Lexan 141 (PC) 12.2 A 14.5 A 13.5 A 17.2 C 27.1 C
Zytel 7331F (PA6) 21 A 23.5 A
Zytel 73G33L (33% GF PA6) 17.2 A 19.8 A
Zytel 101L (PA66) 22.1 A 20.7 A
Table3: Adhesion Values (pli) for commercially available TPEs.
https://www.avient.com/sites/default/files/2021-01/avient-colorants-belgium-registered-publication.pdf
Les
convocations sont valablement effectuées par lettre ou par e-mail.
Les procurations doivent être communiquées par écrit, par lettre, par e-mail ou par tout autre moyen
mentionné à l'article 2281 du Code civil et sont déposées sur le bureau de l'assemblée.