https://www.avient.com/sites/default/files/2021-10/information-systems-use-policy-final-9.1.2021.pdf
Users shall store any personal files, notes, pictures, and emails in a separate and clearly identifiable folder labelled “PERSONAL EMAIL” or “PERSONAL FILES” such that Personal Data is always separate and readily distinguishable within Information Systems from Avient Data or otherwise Confidential Data.
Personal Data additionally includes any non-Avient data of a private nature, such as login information for personal email, social media, or subscription service accounts, personal documents, and notes.
Confidential Data” – all confidential or proprietary information, including any Avient Data, Personal Data, and third party data accessible or stored on Information Systems.
https://www.avient.com/sites/default/files/2020-07/entry-door-1-page-case-study.pdf
Entry door 1-page case study EXTERIOR DOORS R E S I D E N T I A L & C O M M E R C I A L Reinforcement of steel to reduce weight and provide: • Corrosion resistance • Improved dent resistance to withstand windborne debris • Structural performance to meet regional wind load requirements • Improved resistance to corrosion and moisture degradation • Increased dent resistance up to 60% vs. unreinforced metal • Enabled reduction in thickness of sheet metal while maintaining structural performance Polystrand™ PETG continuous fiber reinforced composite laminate thermally bonded to steel door skin KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2024-02/EMEA Automotive Case Study Paint Replacement Construction Vehicle _1_.pdf
LEARN MORE TIER 2 MOLDER P A N E L F O R C O N S T R U C T I O N V E H I C L E S • Transition from painting extruded sheet (3-5mm) to molded-in color for two different thermoplastics • UV stability • Good appearance for visible part • Expedited approved solution that delivered the appearance and performance of a painted part • Developed formulations for two materials- PMMA and ABS • Offered aluminum appearance and required UV stability SmartBatch™ FX for Paint Replacement KEY REQUIREMENTS WHY AVIENT?
https://www.avient.com/sites/default/files/2021-12/avient-s.a-r.l.-excerpt-from-italian-companies-register.pdf
Codice fiscale: 03669670121 Denominazione del soggetto alla data della denuncia: POLYONE S.A' R.L. compravendita Data atto: 21/12/2018 Data deposito: 11/01/2019 estremi della pratica Data protocollo: 11/01/2019 Numero protocollo: MI-2019-11024 estremi ed oggetto dell'atto Notaio: TODESCHINI EDMONDO Numero repertorio: 27363/11576 Cedente: MAGENTA MASTER FIBERS S.R.L.
Codice fiscale: 03669670121 Denominazione del soggetto alla data della denuncia: POLYONE S.A' R.L. compravendita Data atto: 21/12/2018 Data deposito: 11/01/2019 estremi della pratica Data protocollo: 11/01/2019 Numero protocollo: MI-2019-11025 Registro Imprese Archivio ufficiale della CCIAA Documento n .
Codice fiscale: 03669670121 Denominazione del soggetto alla data della denuncia: POLYONE S.A' R.L. rettifica di cessione di azienda Data atto: 05/06/2019 Data deposito: 18/06/2019 estremi della pratica Data protocollo: 18/06/2019 Numero protocollo: MI-2019-264861 estremi ed oggetto dell'atto Notaio: TODESCHINI EDMONDO Numero repertorio: 28607/12187 Cedente: POLYONE ITALY SRL Codice fiscale: 02216820023 Denominazione del soggetto alla data della denuncia: POLYONE ITALY S.R.L.
https://www.avient.com/sites/default/files/2020-03/Global_High_Yield_%26_Leverage_Conference %281%29.pdf
V I S I O N PolyOne Corporation 4 To be the world’s premier provider of specialized polymer materials, services and solutions C O R E V A L U E S P E R S O N A L V A L U E S Honesty IntegrityRespect Operational Excellence Commercial Excellence Specialization Globalization Collaboration ExcellenceInnovation To be the world’s premier provider of specialized polymer materials, services and solutions S A F E T Y F I R S T PolyOne Corporation 5 Injuries per 100 Workers Spartech Acquisition 1.3 1.1 1.1 0.85 0.65 0.57 0.54 0.97 0.84 0.74 0.74 0.69 0.51 0.56 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 C O M M O D I T Y T O S P E C I A L T Y T R A N S F O R M A T I O N PolyOne Corporation 6 • Volume driven, commodity production • Heavily tied to cyclical end markets • Performance largely dependent on non- controlling joint ventures • Shift to value-based selling & an innovative culture • New leadership team appointed • Implementation of four pillar strategy • Investment in commercial training and innovation • Faster growing, high margin focus • Accelerated growth with world class vitality index • Significant commercial resource additions • Expanded margins with specialty focus • Acquired strategic, bolt-on companies to expand technology offerings and improve geographic breadth Volume Value Transformation The Future 2006 - 2013 2013 – 20192000-2005 2006 - 2013 • Landmark portfolio transformation creates specialty growth company • Sustainability / mega- trends drive above market growth 2020 and Beyond PolyOne Corporation 7 P O L Y O N E 2 0 1 9 R E V E N U E | $ 2 . 9 B I L L I O N Segment End Market Geography Transportation 15% Healthcare 15% Industrial 14% Packaging 13% Consumer 12% Wire & Cable 11% Building & Construction 6% Electrical & Electronics 6% Textiles 5% Appliance 3% Color Additives & Inks 34% Distribution 41% Specialty Engineered Materials 25% United States 54% Europe 19% Asia 11% Latin America 11% Canada 5% P R O O F O F P E RFO RMAN CE C O N S E C U T I V E Y E A R S 10 A D J U S T E D E P S E X P A N S I O N PolyOne Corporation 8 $1.69 $1.51 S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H PolyOne Corporation 9 P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E Double digit annual EPS growth Expand specialty portfolio with strategic acquisitions Innovate and develop new technologies and services Repurchase 600K-1M shares annually Increase commercial resources 5-7% annually Double acquired company margins Enhance efficiencies through Lean Six Sigma and commercial excellence 531 710 1,042 130 164 208 504 663 880 2014 2018 2019E PF* R&D / Technical Marketing Sales PolyOne Corporation 10 + 34% + 26% + 32% E X P A N S I O N O F COMMERCIAL RESOURCES D R I V I N G G R O W T H $2.9 $2.9 $3.5 2015 2016 2017 2018 2019E PF Total + 9% Organic + 5% Revenue in Billions Total + 10% Organic + 7%+ 47% + 27% + 33% $4.0 $3.2 2019E PF* * 2019E Pro Forma for PP&S Divestiture and Clariant Masterbatch business Lead Specialists T H E E V O L V I N G C U S T O M E R R E L A T I O N S H I P PolyOne Corporation 11 Expanded Path Traditional Path Strategic Accounts/ Field Sales Business Development Customer Service Web and Social Media Inside Sales PolyOne Corporation 12 Investments in digital and dedicated inside sales to improve customer experience 110% increase in leads (from 6,000 to 12,700) driven by website, phone, and online chat EXPANDED PATH A D D I N G C U S T O M E R T O U C H P O I N T S 4 33 2014 2019 Inside sellers $11M $87M 2014 2019 Inside sales/digital revenue A L I G N I N G W I T H T R E N D S F O R G R O W T H T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R PolyOne Corporation 13 Facilitate alternative energy solutions Light- weighting Reduce packaging materials Improve recyclability Reduce spread of infection R E V E N U E F R O M S U S T A I N A B L E S O L U T I O N S PolyOne Corporation 14 2016 2017 2018 2019 Lightweighting Reduced Material Requirements Improved Recyclability Renewable Energy Applications Eco-conscious Bio-derived Content Reduced Energy Use VOC Reduction $275M $325M $355M $410M 14% Total Annual Growth 9% Organic Annual Growth I N N O V A T I O N PolyOne Corporation 15 Customization 55% M&A 30% Innovation Pipeline 15% Innovation comes from Research & Development Spend ($ millions) Vitality Index % of sales from products launched last 5 years 12% 37% 2006 2019 $20 $51 2006 2019 Transformational Opportunity for Growth Through M&A Adjacent Opportunity for Growth Through New Product Pipeline Core Customization 3 H O R I Z O N S O F D E V E L O P M E N T PolyOne Corporation 16 Incremental development from existing base of technology New development adjacent to current technology New technology development outside of and with our current base Service adjacent markets and customers Create new markets, target new customer needs Service existing markets and customers Market Technical I N N O V A T I O N Non-Halogen Flame Retardants Barrier Technologies Fiber Colorants Advanced Composites Thermoplastic Elastomers Gordon Composites/ Polystrand – Composites GLS – Thermoplastic Elastomers ColorMatrix – Liquid Color & Additives PlastiComp Fiber-Line I N N O V A T I O N S P O T L I G H T : C O M P O S I T E S PolyOne Corporation 17 C O M P O S I T E M A T E R I A L S Glass Carbon Aramid Thermosets Thermoplastics PolymersFibers PolyOne Corporation 18 Focused End Markets • Wire & Cable / Electrical • Consumer • Transportation • Industrial C O M P O S I T E S P O R T F O L I O D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G M A N U F A C T U R E R S A N D O E M S PolyOne Corporation 19 LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers P O L Y O N E A P P L I C A T I O N S I N F I B E R O P T I C C A B L E S PolyOne Corporation 20 1.
Leverage PolyOne’s global reach Phase 1 Phase 2 Phase 3 18-20% operating margins Invest in commercial resources I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E PolyOne Corporation 24 Commercial Resources Operating Income ($ in millions) Operating Margins 256 309 At Acquisition Today $36 $100 At Acquisition Today 9% 19% At Acquisition Today Established Acquisitions (> 7 years) + 20% + 165% + 1000 bps CLARIANT MASTERBATCH ACQUISITION DRIVES NEXT LEVEL SPECIALTY TRANSFORMATION ACCELER ATING GR OWTH WITH SUSTAINABLE SOLUTIONS T R A N S F O R M A T I O N H E A D L I N E S PolyOne Corporation 26 F I T W I T H F O U R P I L L A R S T R A T E G Y PolyOne Corporation 27 Specialization • Innovation-led organization with heavy emphasis on R&D • World-class expertise in color formulation • Strong presence in specialty end markets including Consumer, Packaging and Healthcare Globalization • Diverse geographic portfolio with an established presence in every major region • Expands PolyOne’s ability to serve customers in key growth areas including India, China and Southeast Asia Operational Excellence • Extensive manufacturing footprint with 46 facilities • Organizational focus on optimizing supply chain to better serve customers • Color design expertise Commercial Excellence • Value-focused salesforce with vast experience marketing and commercializing specialty technologies • Diverse customer portfolio with established OEM’s People Experienced and talented associates with a winning mentality E N D M A R K E T T R A N S F O R M A T I O N PolyOne Corporation 28 Building & Construction 5% 2006 2019E PF* 4% 12% 10% 18% 8% 20% 2006 2019E PF* Healthcare Consumer Packaging 50% 22% High Growth End Markets Percentage of Total Revenue 38% * 2019E Pro Forma for PP&S Divestiture and Clariant Masterbatch business E N D M A R K E T T R A N S F O R M A T I O N PolyOne Corporation 29 Packaging 8% Building & Construction 38% Wire & Cable 11% Industrial 10% Electrical & Electronic 7% 2006 2019E PF* Healthcare 4% Transportation 12% Consumer 18% Building & Construction 5% Wire & Cable 6% Industrial 12% Electrical & Electronic 5% Appliance 3% Textiles 6% Transportation 13% Healthcare 12% Packaging 20% Consumer 10% * 2019E Pro Forma for PP&S Divestiture and Clariant Masterbatch business C O M P L E M E N T A R Y G E O G R A P H I C P R E S E N C E PolyOne Corporation 30 United States 38% Europe 33% Asia 19% Canada 4% Latin America 6% United States 22% Europe & Middle East 48% Asia 23% Canada 1% Latin America 6% Color & Engineered Materials Clariant Masterbatch Business Net Sales by Geographic Region United States 31% Europe & Middle East 39% Asia 21% Canada 3% Latin America 6% Pro Forma Color & Engineered Materials U N I F I E D F O C U S O N S U S T A I N A B I L I T Y PolyOne Corporation 31 2006 - 2013 2013 – 2019 PEO PLE PRO D U C TS PLA N ET PER FO R M A N C E PolyOne Clariant Masterbatch Business • Building mini-recycling plants to facilitate customer projects on design for recycling - CycleWorks • Uses packaging additives & colorants to improve recyclability and enhance automated sorting • Manufactures oxygen scavengers to extend shelf-life of perishable items and reduce material requirements • Combines UV-blocking additive colorants & other barriers to prevent spoilage and waste • Offers spin-dyeing solutions that use significantly less water than traditional methods, allowing for sustainable coloration of textiles • Produces infrared absorbing additives that reduce energy requirements for bottle manufacturing ($ in millions) PolyOne (Continuing Operations) Clariant Color & Additive Masterbatch Business Synergies New PolyOne 2019 Total Sales $2,863 $1,150 $4,013 2019 Adjusted EBITDA $309 $130 $60 $499 % Margin 10.8% 11.3% 12.4% 2019 CapEx $68 $85 % Sales 2.4% 2.1% 2019 Free Cash Flow $161 $250 2019 Adjusted EPS $1.69 $2.22 2019 PF Adjusted EPS $1.69 $2.54 P O L Y O N E + C L A R I A N T M A S T E R B A T C H B U S I N E S S PolyOne Corporation 32 (1) Excludes step-up of depreciation & amortization related to purchase accounting of transaction (1) $0.85/share O V E R 8 5 % O F A D J U S T E D E B I T D A F R O M S P E C I A L T Y PolyOne Corporation 33 46% 66% 0% 20% 40% 60% 80% 100% 2005 2010 2015 2019E PF % o f A d ju st e d E B IT D A * JV's Performance Products & Solutions Distribution Specialty 7% 87% * Adjusted EBITDA is EBITDA excluding corporate costs and special items ** 2019E Pro Forma for PP&S Divestiture and Clariant Masterbatch business acquisition with synergies Specialty EBITDA $14M $117M $273M $500M ** T R A N S A C T I O N O V E R V I E W • Expected mid-2020, subject to regulatory approvals and customary closing conditions Closing Conditions / Timing • Committed financing in place • Permanent financing to be combination of available cash on-hand, new debt and equity component to limit leverage • Equity issuance of $500MM • Target net leverage below 3.5x, 3.1x synergized PolyOne Corporation 36 • $1.45 B net purchase price • Represents 11.1x adjusted EBITDA (excluding synergies), 7.6x adjusted EBITDA (including synergies) • Pre-tax synergies of $60MM expected to be fully realized by the end of 2023 • Synergies realized from sourcing, operational, technology / commercial, and general administrative Transaction Value Synergies Financing Estimated Synergy Breakdown $60MM • Expect EBITDA synergies of $60MM – Proven integration expertise with a decade of acquisition experience – Administrative synergies reflect reduction of duplicative internal and third-party costs • Run rate synergies of $20MM by the end of Year 1 with $60MM achieved by the end of Year 3 • Significant additional opportunity for geographical expansion – Clariant Masterbatch business has complementary regional presence in key growth areas including India & Southeast Asia • Opportunity to accelerate growth with a combined portfolio of innovative solutions aligned with sustainability megatrends Sourcing 40% Operational 30% Administrative 30% PolyOne Corporation 37 S I G N I F I C A N T S Y N E R G Y O P P O R T U N I T I E S $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 38 PolyOne Corporation 37 $0.16 $0.20 $0.24 $0.32 $0.40 $0.48 $0.54 $0.70 $0.78 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Cumulative Share Repurchases (In millions) $0 $150 $300 $450 $600 $750 $900 2011 2012 2013 2014 2015 2016 2017 2018 2019 $917M R E T U R N I N G C A S H T O S H A R E H O L D E R S O V E R $ 1 . 2 B I L L I O N S I N C E 2 0 1 1 PolyOne Corporation Increasing Annual Dividend 38 $0.81 PolyOne Corporation 39 W H Y I N V E S T I N P O L Y O N E ?
https://www.avient.com/sites/default/files/2021-06/cartao-cnpj-avient-brasil-ltda.pdf
REPÚBLICA FEDERATIVA DO BRASIL CADASTRO NACIONAL DA PESSOA JURÍDICA NÚMERO DE INSCRIÇÃO 02.166.983/0001-66 MATRIZ COMPROVANTE DE INSCRIÇÃO E DE SITUAÇÃO CADASTRAL DATA DE ABERTURA 03/10/1997 NOME EMPRESARIAL AVIENT BRASIL LTDA.
TÍTULO DO ESTABELECIMENTO (NOME DE FANTASIA) ******** PORTE DEMAIS CÓDIGO E DESCRIÇÃO DA ATIVIDADE ECONÔMICA PRINCIPAL 20.99-1-99 - Fabricação de outros produtos químicos não especificados anteriormente CÓDIGO E DESCRIÇÃO DAS ATIVIDADES ECONÔMICAS SECUNDÁRIAS 46.79-6-01 - Comércio atacadista de tintas, vernizes e similares 46.84-2-99 - Comércio atacadista de outros produtos químicos e petroquímicos não especificados anteriormente 46.63-0-00 - Comércio atacadista de Máquinas e equipamentos para uso industrial; partes e peças 28.66-6-00 - Fabricação de máquinas e equipamentos para a indústria do plástico, peças e acessórios 82.11-3-00 - Serviços combinados de escritório e apoio administrativo 64.63-8-00 - Outras sociedades de participação, exceto holdings 71.20-1-00 - Testes e análises técnicas 22.29-3-02 - Fabricação de artefatos de material plástico para usos industriais CÓDIGO E DESCRIÇÃO DA NATUREZA JURÍDICA 206-2 - Sociedade Empresária Limitada LOGRADOURO AV FRANCISCO NAKASATO NÚMERO 1700 COMPLEMENTO ******** CEP 13.295-000 BAIRRO/DISTRITO SAO ROQUE DA CHAVE MUNICÍPIO ITUPEVA UF SP ENDEREÇO ELETRÔNICO FABIANA.SILVA@POLYONE.COM TELEFONE (11) 4593-9279/ (11) 4593-9252 ENTE FEDERATIVO RESPONSÁVEL (EFR) ***** SITUAÇÃO CADASTRAL ATIVA DATA DA SITUAÇÃO CADASTRAL 08/04/2005 MOTIVO DE SITUAÇÃO CADASTRAL SITUAÇÃO ESPECIAL ******** DATA DA SITUAÇÃO ESPECIAL ******** Aprovado pela Instrução Normativa RFB nº 1.863, de 27 de dezembro de 2018.
Emitido no dia 02/06/2021 às 11:50:19 (data e hora de Brasília).
https://www.avient.com/sites/default/files/2021-04/registration-of-legal-entity.pdf
REPÚBLICA FEDERATIVA DO BRASIL CADASTRO NACIONAL DA PESSOA JURÍDICA NÚMERO DE INSCRIÇÃO 23.318.607/0001-10 MATRIZ COMPROVANTE DE INSCRIÇÃO E DE SITUAÇÃO CADASTRAL DATA DE ABERTURA 22/09/2015 NOME EMPRESARIAL AVIENT COLORANTS BRASIL LTDA.
TÍTULO DO ESTABELECIMENTO (NOME DE FANTASIA) ******** PORTE DEMAIS CÓDIGO E DESCRIÇÃO DA ATIVIDADE ECONÔMICA PRINCIPAL 20.29-1-00 - Fabricação de produtos químicos orgânicos não especificados anteriormente CÓDIGO E DESCRIÇÃO DAS ATIVIDADES ECONÔMICAS SECUNDÁRIAS 71.20-1-00 - Testes e análises técnicas 46.84-2-99 - Comércio atacadista de outros produtos químicos e petroquímicos não especificados anteriormente 82.11-3-00 - Serviços combinados de escritório e apoio administrativo CÓDIGO E DESCRIÇÃO DA NATUREZA JURÍDICA 206-2 - Sociedade Empresária Limitada LOGRADOURO AV DAS NACOES UNIDAS NÚMERO 18001 COMPLEMENTO ANDAR OITAVO ALA B PARTE CEP 04.795-100 BAIRRO/DISTRITO VILA ALMEIDA MUNICÍPIO SAO PAULO UF SP ENDEREÇO ELETRÔNICO EDUARDO.CARAMELO@CLARIANT.COM TELEFONE (11) 4745-8648/ (11) 5683-7918 ENTE FEDERATIVO RESPONSÁVEL (EFR) ***** SITUAÇÃO CADASTRAL ATIVA DATA DA SITUAÇÃO CADASTRAL 22/09/2015 MOTIVO DE SITUAÇÃO CADASTRAL SITUAÇÃO ESPECIAL ******** DATA DA SITUAÇÃO ESPECIAL ******** Aprovado pela Instrução Normativa RFB nº 1.863, de 27 de dezembro de 2018.
Emitido no dia 16/04/2021 às 12:38:32 (data e hora de Brasília).
https://www.avient.com/sites/default/files/2023-04/Advanced simulation captures part performance for fibre reinforced thermoplastics_Case_Study.pdf
However, it is complex and requires advanced data to more accurately predict how a material will realistically perform in an end-use application.
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.
Avient and Hexagon used Digimat to develop anisotropic long fibre material data for a molded connector rod.
https://www.avient.com/sites/default/files/2021-12/avient-sarl-hungary-branch-register-extract-2021-12-07.pdf
Data not dependent on company form 1.
Data dependent on company form 1.
Data dependent on company form
https://www.avient.com/sites/default/files/resources/PolyOne%2520Proxy%2520Statement%25202016.pdf
In analyzing competitive market data, the Compensation Committee reviewed data from a peer group of similarly-sized United States chemical companies and reviewed data from the Consultant’s Compensation Data Bank and other published surveys.
The CEO makes his recommendations in conjunction with the marketplace data.
Because the vote to approve Named Executive Officer compensation is advisory, there is technically no minimum vote requirement for the proposal.