https://www.avient.com/sites/default/files/2023-07/Avient-2022-Sustainability-Report.pdf
Lomas de Zamora, Argentina 46.
based associates focused on our veterans’ community—SERVE!
based company.*
Based on these scores, the GPTW Institute honored us with the distinction of Great Place to Work® for
the four th year in a row.
https://www.avient.com/investor-center/news/polyone-announces-first-quarter-2019-results
They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
Senior management believes these measures are useful to investors because they allow for comparison to PolyOne's performance in prior periods without the effect of items that, by their nature, tend to obscure PolyOne's operating results due to the potential variability across periods based on timing, frequency and magnitude.
Share-based compensation expense
https://www.avient.com/investor-center/news/avient-announces-first-quarter-2022-results-connection-announcement-acquire-dsm-protective-materials-dyneema
operating results due to the potential variability across periods based on timing, frequency and magnitude.
Share-based compensation expense
operating results due to the potential variability across periods based on timing, frequency and magnitude.
https://www.avient.com/sites/default/files/2020-07/avient-abac-germany-200717.pdf
Das Anbieten geldwerter Zuwendungen
sollte nicht mit angemessenen, begrenzten
und gesetzlich zulässigen Ausgaben für
Geschenke, Unterhaltung und andere
legitime Aktivitäten verwechselt werden, die
direkt mit der Geschäftstätigkeit von Avient
zusammenhängen. 1
1 Richten Sie sich bei der Entscheidung, ob geplante Ausgaben zulässig sind, nach dem
Abschnitt Geschenke und Bewirtung des Verhaltenskodex von Avient und nach unserer
Richtlinie zu Geschenken und Unterhaltung.
Bestechung“ bedeutet, einer anderen Person geldwerte
Zuwendungen oder einen anderen Vorteil anzubieten
oder zu versprechen, zu gewähren oder zu genehmigen,
um die Handlungen des Betreffenden auf unzulässige
Weise zu beeinflussen.
Francisco Nakasato, 1700
13295-000 Itupeva Sao Paulo,
Brasilien
Telefon: +55 11 4593 9200
Europa
Regionale Hauptverwaltung
Pommerloch, Luxemburg
19 Route de Bastogne Pommerloch,
Luxembourg, L-9638
Telefon: +352 269 050 35
Fax: +352 269 050 45
www.avient.com
http://www.avient.com
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
On October 1, 2010, we acquired Polimaster Indústria
E Comércio de Pigmentos Pláticos LTDA (Polimaster), which extended our presence in South
America.
Share-Based Compensation
We account for share-based compensation under the provisions of FASB ASC Topic 718,
Compensation — Stock Compensation, which requires us to estimate the fair value of share-based
awards on the date of grant.
Note 14 — SHARE-BASED COMPENSATION
Share-based compensation cost is based on the value of the portion of share-based payment awards
that are ultimately expected to vest during the period.
https://www.avient.com/sites/default/files/2021-09/supplier-code-of-conduct-tr.pdf
Avient’in bilgilerini korumak üzere, müşteri ve
çalışanlarına ait bilgiler de dahil olmak üzere,
bilgilerin açıklanmaması, değiştirilmemesi, imha
edilmemesi veya sağlandığı amaç dışındaki
herhangi bir amaçla kullanılmaması için bir bilgi
güvenliği ve veri gizliliği sistemi oluşturun.
https://www.avient.com/sites/default/files/2023-12/CAI W_C - Product Selection Guide EMEA_0.pdf
These colorants are designed for a wide
variety of applications, in line with RAL, IEC 304,
BS 6746C and AFNOR (Association Française de
Normalisation) color requirements.
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Hungarian.pdf
Amely esetben nincs szükség ilyen adatokra, de Ön úgy dönt, hogy az ilyen
típusú adatokat továbbítja nekünk a jelentkezési folyamat során, fenntartjuk a jogot az ilyen információk
törlésére adatbázisunkból.
2.
Kérésére a lehető leghamar abb válaszolunk, de a törvényben előírt határidő n belül mindenképp.
https://www.avient.com/sites/default/files/2020-03/PolyOne_Website-12.19.pdf
They are based on management’s expectations that involve a number of business risks and
uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
S A F E T Y F I R S T
PolyOne Corporation 7
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
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
G R E A T P L A C E T O W O R K
PolyOne Corporation 8
* Pro Forma for sale of DSS
Operating Income
% of Sales
2006 Q3 YTD
2019
Color, Additives &
Inks
1.7% 15.5%
Specialty Engineered
Materials
1.1% 11.8%
Distribution 2.6% 6.3%
2009 2010 2011 2012 2013 2014 2015 2016* 2017* 2018
$2.43
P R O O F O F P E R F O R M A N C E
C O N S E C U T I V E
Y E A R S
PolyOne Corporation 9
1 0
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
A D J U S T E D E P S E X P A N S I O N
2018 2019E
$1.65
$1.51
Pro Forma for sale
of PP&S
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 10
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 11
• 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
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 12
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
L E V E R A G I N G G L O B A L M E G A T R E N D S
13
Facilitate
alternative
energy
solutions
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
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 EC O N S U M E R
PolyOne Corporation
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 14
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 Color & Additive 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 15
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 Color & Additive 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 16
United States
38% Europe
33%
Asia
19%
Canada
4%
Latin America
6%
United States
22%
Europe
40%
Asia & Middle East
31%
Canada
1%
Latin America
6%
Color & Engineered
Materials
Clariant Color & Additive
Masterbatch Business
Net Sales by Geographic Region
United States
31%
Europe
36%
Asia & Middle East
24%
Canada
3%
Latin America
6%
Pro Forma Color &
Engineered Materials
531
710
1,042
130
164
208
504
663
880
2014 2018 2019E PF*
R&D / Technical Marketing Sales
PolyOne Corporation 17
+ 34%
+ 26%
+ 32%
E X P A N S I O N O F C O M M E R C I A L R E S O U R C E S 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
$3.2
2019E PF*
* 2019E Pro Forma for PP&S Divestiture and Clariant Color & Additive Masterbatch business
P R I O R A C Q U I S I T I O N S : P R O O F O F P E R F O R M A N C E
PolyOne Corporation 18
Commercial
Resources
Operating
Income
($ in millions)
Operating
Margins
243
340
At Acquisition 2018
$36
$96
At Acquisition 2018
11%
20%
At Acquisition 2018
Established Acquisitions
(> 7 years)
+ 40% + 165% + 900 bps
U N I F I E D F O C U S O N S U S T A I N A B I L I T Y
PolyOne Corporation 19
2006 - 2013
2013 – 2019
PEOPLE
PRODUCTS PLANET
PERFORMANCE
PolyOne
Clariant Color & Additive
Masterbatch Business
• Building mini-recycling plants to
facilitate customer projects on
design for recycling - CycleWorks
• Uses packaging additives &
colorants to improve recyclability
and enhance automated sorting
• Manufactures oxygen scavengers
to extend shelf-life of perishable
items and reduce material
requirements
• Combines UV-blocking additive
colorants & other barriers to
prevent spoilage and waste
• Offers spin-dyeing solutions that
use significantly less water than
traditional methods, allowing for
sustainable coloration of textiles
• Produces infrared absorbing
additives that reduce energy
requirements for bottle
manufacturing
($ in millions)
PolyOne
(Continuing
Operations)
Clariant Color &
Additive Masterbatch
Business
Synergies
New
PolyOne
2019E Total Sales $2,860 $1,150 $4,010
2019E Adjusted EBITDA $310 $130 $60 $500
% Margin 10.8% 11.3% 12.5%
2019E CapEx $60 $85
% Sales 2.1% 2.1%
2019E Free Cash Flow $170 $250
2019E Adjusted EPS $1.65 $2.22
2019E PF Adjusted EPS $1.65 $2.50
P O L Y O N E + C L A R I A N T C O L O R & A D D I T I V E
M A S T E R B A T C H B U S I N E S S
PolyOne Corporation 20
(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 21
46%
66%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2019E PF
%
o
f
A
d
ju
s
t
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 Color & Additive Masterbatch business acquisition with synergies
Specialty EBITDA $14M $117M $273M $500M
**
PolyOne Corporation 22
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 $400 to $500MM
• Target net leverage below 3.5x, 3.1x synergized, with intention to de-lever below 3.0x within 2 years
PolyOne Corporation 23
• $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 Color & Additive 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 24
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
C A P I T A L S T R U C T U R E / L E V E R A G E
PolyOne Corporation 25
At Close Year 1 Year 2
3.2x
3.5x
3.1x
2.6x
Pro Forma with Synergies
2019E PF
Two year leverage goal
(1) Pro Forma Capitalization is for illustrative purposes only; amounts may vary depending on various market and other factors.
https://www.avient.com/investor-center/news/avient-announces-pricing-650-million-6250-senior-notes-due-2031
They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; disruptions or inefficiencies in our supply chain, logistics, or operations; changes in laws and regulations in jurisdictions where we conduct business, including with respect to plastics and climate change; fluctuations in raw material prices, quality and supply, and in energy prices and supply; demand for our products and services; production outages or material costs associated with scheduled or unscheduled maintenance programs; unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; information systems failures and cyberattacks; amounts for cash and non-cash charges related to restructuring plans that may differ from original estimates, including because of timing changes associated with the underlying actions; our ability to achieve strategic objectives and successfully integrate acquisitions, including the implementation of a cloud-based enterprise resource planning system, S/4HANA; other factors affecting our business beyond our control, including without limitation, changes in the general economy, changes in interest rates, changes in the rate of inflation, geopolitical conflicts, and any recessionary conditions; and other factors described in our Annual Report on Form 10-K for the year ended