https://www.avient.com/sites/default/files/2020-09/sustainabilityreport2018.pdf
Security Policy, which focuses on protecting the
security of our people and all information related to
our operations.
In accordance with the
principles of Responsible Care®, we continuously seek to
improve our processes and systems related to security
performance and implement management practices
consistent with the Security Code.
PolyOne’s Global
Trade and EHS&S departments share responsibility for
supply chain security.
https://www.avient.com/sites/default/files/2023-06/Supplier Code of Conduct FV.pdf
Comply with all applicable environmental, health,
safety, and security regulations.
Establish an information security and data privacy
system to protect Avient’s information, including
information of its customers and associates, from
being disclosed, changed, destroyed, or used for any
purpose other than the purpose for which it was
provided.
https://www.avient.com/sites/default/files/2025-04/Supplier Code of Conduct FV_Eng.pdf
Comply with all applicable environmental, health,
safety, and security regulations.
Establish an information security and data privacy
system to protect Avient’s information, including
information of its customers and employees, from
being disclosed, changed, destroyed, or used for any
purpose other than the purpose for which it was
provided.
https://www.avient.com/sites/default/files/2022-08/Schedule 2 a_b_c - SCCs_0.pdf
The data importer shall carry out regular checks to ensure that these measures
continue to provide an appropriate level of security.
Updated 08/04/2022
22
8.6 Security of processing
a.
The data importer shall carry out regular checks to ensure that these measures
continue to provide an appropriate level of security.
https://www.avient.com/sites/default/files/2020-03/PolyOne_Website-12.19.pdf
Investor Day
C L A R I A N T M A S T E R B A T C H A C Q U I S I T I O N D R I V E S
N E X T L E V E L S P E C I A L T Y T R A N S F O R M A T I O N
December 2019
A C C E L E R A T I N G G R O W T H W I T H
S U S T A I N A B L E S O L U T I O N S
F O R W A R D - L O O K I N G S T A T E M E N T S
PolyOne Corporation 2
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
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.
Sources
Cash from Balance Sheet $465
New Senior Unsecured Notes 650
New Equity 450
Total Sources $1,565
Uses
Clariant Masterbatch $1,500
Clariant India Masterbatch 60
Less: Lease Adjustment (113)
Net Purchase Price $1,447
Net Cash Acquired 57
Fees, Expenses & OID 61
Total Uses $1,565
($ Millions)
Cash and Cash Equivalents $370
$450M Senior Secured ABL Revolver -
Senior Secured Term Loan B due 2026 624
Other Debt 25
Total Senior Secured Debt $649
5.25% Senior Unsecured Notes due 2023 $600
New Senior Unsecured Notes 650
Total Senior Debt $1,899
Net Debt $1,529
New Equity $450
Pro Forma Capitalization
(1)
PF 12/31/2019
$450
$600 $624
$743
2019 2020 2021 2022 2023 2024 2025 2026
A T T R A C T I V E F I N A N C I N G S T R U C T U R E
Attractive Debt
Maturity Profile
Existing Revolver Existing Senior Notes Existing Term Loan B
New Debt
Financing
Financing
Summary
Terms on
New Debt
$465 million of cash from the balance sheet expected to fund a portion of the purchase price
Bridge financing for remainder fully committed from Citi, Morgan Stanley and Wells Fargo
Permanent financing expected to include a combination of long-term debt and new equity
The timing of the permanent financing is subject to a number of factors, including, but not limited
to, market conditions
PolyOne is committed to preserving a strong balance sheet
– Target net leverage at close below 3.5x, excluding synergies
Pro forma capital structure positions PolyOne with flexibility to pursue continued growth strategy
New financing expected to have same or better covenant package than existing capital structure
Capital structure would be “covenant lite”
Capital
Policy
Transaction in line with PolyOne’s disciplined capital allocation policy
Existing PolyOne dividend policy to be maintained
Focus on deleveraging in the near term
2028+
PolyOne Corporation 26
PolyOne Corporation 27
T H E N E W P O L Y O N E : A S P E C I A L T Y G R O W T H C O M P A N Y
Landmark portfolio transformation: > 85% of Adjusted EBITDA
from specialty solutions
World-class innovation, technology and service are differentiators
Sustainability initiatives and alignment with megatrends drive
above market growth in key end markets and applications:
Capital management is a strength - proven track record of
expanding ROIC while increasing invested capital
Transaction expected to add $0.85 to pro forma adjusted EPS
PolyOne Corporation 28
PolyOne Corporation 29
https://www.avient.com/sites/default/files/2021-09/avient2020sustainabilityreport-9-2-21.pdf
The security management system module in the EH&S MS is based upon
the Responsible Care® Security Code that continuously seeks to improve our processes
and systems related to security performance and implement management practices
consistent with the Security Code.
The Avient Security and Privacy Council (ASPC) oversees the security-related
governance, risk mitigation and regulatory compliance requirements of our company
globally.
In higher-risk locations, we maintain detailed security
preparedness plans.
https://www.avient.com/sites/default/files/2022-04/Avient Announces Agreement to Acquire Dyneema_0.pdf
# #
http://www.avient.com/investors
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http://www.avient.com/investors
https://www.avient.com/
4
Forward-looking Statements
In this press release, statements that are not reported financial results or other historical
information are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995.
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.
5
Non-GAAP Financial Measures
The Company uses both GAAP (generally accepted accounting principles) and non-GAAP
financial measures.
https://www.avient.com/sites/default/files/2022-05/Compensation Committee Charter (REV 10-2019).pdf
General Purposes
The general purposes of the Committee are to:
• Develop the Company’s overall executive compensation philosophy and objectives;
• Discharge the Board’s responsibilities relating to compensation of the Company’s executive
officers and, further, to assist the Board in the discharge of its fiduciary responsibilities with
regard to establishment of policies governing, and the implementation of, all aspects of
remuneration throughout the Company, including benefits and perquisites of executive
officers of the Company and any other employees designated by the Committee as key
employees of the Company and its subsidiaries;
• Discharge similar responsibilities with respect to the remuneration of non-employee
directors;
• Review and discuss with management the Company’s disclosures in the Compensation
Discussion and Analysis (the “CD&A”) required by rules and regulations of the Securities
and Exchange Commission (the “SEC”) and recommend to the Board whether the CD&A
should be included in the Company’s proxy statement or other applicable SEC filings;
• Prepare a Compensation Committee Report for inclusion in the Company’s applicable filings
with the SEC that complies with the rules and regulations of the SEC; and
• Provide policy guidance and oversight on significant human resource policies and practices.
In evaluating and making recommendations regarding, or determining and approving,
executive compensation, the Committee shall consider the results of the most recent
shareholder advisory vote on executive compensation (“Say on Pay Vote”) required by
Section 14A of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
https://www.avient.com/sites/default/files/2020-10/avient-conflict-minerals-policy-10.2020.pdf
Securities
and
Exchange
Commission
(“SEC”)
adopted
the
final
rule
implementing
reporting
and
disclosure
requirements
related
to
“Conflict
Minerals,”
as
directed
by
Section
1502
of
the
Dodd-‐
Frank
Wall
Street
Reform
and
Consumer
Protection
Act
of
2010
(“Act”).
https://www.avient.com/sites/default/files/2023-03/2023 Avient Bookmarked Proxy Statement - FINAL.pdf
The Company will disclose its frequency decision as required
by the Securities and Exchange Commission (the “SEC”).
Prohibition on Hedging Our Securities.
Avient’s Insider Trading Policy prohibits Directors, officers and
certain other employees of Avient from engaging in hedging or other speculative transactions with
respect to our securities, including buying or selling puts or calls, short sales, or margin purchases of our
securities.