https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-esp-a4.pdf
Política global
antimonopolio
de Avient
Actualizada: febrero de 2021
Índice
Descripción general de la política 1
Descripción general de las leyes antimonopolio 2
Infracciones de leyes antimonopolio 3
Posibles áreas de preocupación antimonopolio 4
Conclusión 6
Informes de posibles infracciones 7
Línea Directa de Ética de Avient 7
Protección contra represalias 7
Lista de verificación antimonopolio 8
Referencia rápida: Qué hacer y qué no hacer en materia antimonopolio 10
Guía para el cumplimiento
Avient se compromete a fomentar la competencia
justa y la libre empresa en el mercado.
Las restricciones verticales
implican cualquier práctica que restrinja o limite la
libertad de acción de un cliente o distribuidor en
Política Antimonopolio revisada de 2021
4
Índice
cuanto a dónde, o de quién o a quién, puede comprar
o revender productos y los precios de reventa de
los productos.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-rus-a4.pdf
Обновлена: февраль 2021 г.
Пересмотренная антимонопольная политика в 2021 г.
4
Содержание
• требования приобретения всей линейки
товаров или группирование — требование,
чтобы покупатель приобрел всю линейку
товаров или набор товаров для получения
права на приобретение отдельного продукта из
этой линейки;
• ведение дел на основе взаимности — любой
сговор с покупателем по принципу «я куплю у
вас, если вы купите у меня»;
• ограничения в отношении территории
и покупателей — ограничение свободы
дистрибьютора на перепродажу за пределами
назначенной территории или определенным
покупателем или категориям покупателей.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-czech-a4.pdf
Aktualizováno: únor 2021
Globální
antimonopolní
zásady společnosti
Avient
Obsah
Přehled zásad 1
Een Overzicht van de Amerikaanse Přehled antimonopolních zákonů USA 1
Porušení antimonopolních zákonů 3
Oblasti potenciálně dotčené antimonopolní problematikou 3
Závěr 5
Hlášení možných porušení 6
Horká linka pro etiku společnosti Avient 6
Ochrana před odvetou 6
Antimonopolní kontrolní seznam 7
Rychlé rady: Antimonopolní zásady CO DĚLAT a CO NEDĚLAT 9
Návod k dodržování předpisů
Společnost Avient se zavázala podporovat spravedlivou
hospodářskou soutěž a svobodné podnikání na
trhu.
Revidované antimonopolní zásady 2021
4
Obsah
Zaměstnanci společnosti Avient by si měli být vědomi
toho, zda pracují na trhu, kde má společnost Avient
monopolní sílu (schopnost jednostranně zvýšit ceny
nebo vyřadit konkurenty) nebo podíl na trhu, který
naznačuje monopolní sílu (podíl na trhu nad 40 %).
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-hun-a4.pdf
Az Avient globális
trösztellenes
szabályzata
Frissítve: 2021. február
Tartalomjegyzék
A szabályzat áttekintése 1
Az USA trösztellenes jogszabályainak áttekintése 2
A trösztellenes szabályok megsértése 3
Trösztellenes szempontból potenciálisan aggályos területek 4
Következtetés 6
Az irányelv lehetséges megsértéseinek jelentése 7
Avient etikai forródrót 7
Megtorlással szembeni védelem 7
Trösztellenes ellenőrzőlista 8
Gyors hivatkozás: Mit TEGYEN és mit NE TEGYEN a trösztellenes területen 10
Útmutató a megfelelőséghez
Az Avient elkötelezett a tisztességes verseny és a
szabad vállalkozás elősegítése iránt a piacon.
Ezért kerülje a felesleges kapcsolatot
a versenytársakkal.
2021. évi módosított trösztellenes szabályzat
4
Tartalomjegyzék
3.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-neth-a4.pdf
Avient
Wereldwijd Beleid
inzake Antitrust
Bijgewerkt: Februari 2021
Inhoudsopgave
Overzicht van het Beleid 1
Een Overzicht van de Amerikaanse Antitrustwetgeving 2
Schendingen van Antitrustwetgeving 3
Potentiële gebieden van zorg inzake antitrust 3
Conclusie 6
Melden van mogelijke overtredingen 7
Ethische hotline van Avient 7
Bescherming tegen vergelding 7
Antitrust Checklist 8
Snelle verwijzing: WEL DOEN en NIET DOEN inzake antitrust 10
Handleiding voor naleving
Avient is toegewijd aan het bevorderen van eerlijke
concurrentie en vrij ondernemerschap op de markt.
Herzien Antitrustbeleid 2021
4
Inhoudsopgave
• Territoriale en klantbeperkingen: beperking van de
vrijheid van een distributeur om door te verkopen
buiten een toegewezen gebied of aan bepaalde
klanten of categorieën klanten.
https://www.avient.com/sites/default/files/2021-03/avient-antitrust-2021-update-port-a4.pdf
Política global
antitruste
da Avient
Atualizações: Fevereiro de 2021
Índice
Visão geral da Política 1
Visão geral das Leis Antitruste 2
Violações da lei antitruste 3
Possíveis áreas de atenção da lei antitruste 4
Conclusão 6
Denúncias de possíveis violações 7
Linha direta de ética da Avient 7
Proteção contra retaliação 7
Lista de verificação antitruste 8
Referência rápida: O QUE FAZER e O QUE NÃO FAZER em relação às leis antitruste 10
Guia para conformidade
A Avient tem o compromisso de promover a
concorrência justa e a livre iniciativa no mercado.
Restrições verticais envolvem
qualquer prática que restrinja ou limite a liberdade
de ação de um cliente ou distribuidor com relação
a onde, de quem e para quem ele pode comprar ou
Política antitruste revisada em 2021
4
Índice
revender produtos, bem como os preços de revenda
dos produtos.
https://www.avient.com/sites/default/files/2021-12/avient-s.a-r.l.-italian-branch-notarial-deed-for-name-change.pdf
Microsoft Word - ~Dicitura per copie.rtf
Repertorio n. 33956 Raccolta n. 15013
VERBALE DI DEPOSITO
REPUBBLICA ITALIANA
Il ventiquattro novembre duemilaventuno
24 novembre 2021
in Milano, Piazza di Santa Maria delle Grazie n. 1, nel mio
studio.
Rijkaart van Cappellen di Amsterdam
(Pasi Bassi) in data 10 novembre 2021 e debitamente apostilla-
to portante il cambio della denominazione della Società in
"Avient S.à r.l.".
Milano, 30/11/2021
Autorizzazione n. 23058 del 27 marzo 2001.
https://www.avient.com/sites/default/files/2022-06/ISO_9001_2015_Cert_PolyOne.pdf
Copyright 2011-2021 ABS Quality Evaluations, Inc.
F-27, MIDC, Ranjangaon, Shirur
Pune, Maharashtra 412 220
India
ISO 9001:2015
The Quality Management System is applicable to:
Certificate No: 51482
Certification Date: 08 April 2015
Effective Date: 03 March 2021
Expiration Date: 07 April 2024
Revision Date: 08 March 2021 Dominic Townsend, President
THE DESIGN AND MANUFACTURE OF COLOR, ADDITIVE CONCERTRATES AND SPECIALITY COMPOUNDS
This certificate may be found on the ABS QE Website (www.abs-qe.com).
https://www.avient.com/sites/default/files/2022-04/Avient Acquisition of Dyneema and Q1 2022 Results_0.pdf
F I RS T Q UART E R 2022
RE S U LT S
$123
$136
$0.89
$0.99
Q1 2022 PERFORMANCE
(TOTAL COMPANY)
4
$1,162
$1,294
(+ 14% excluding FX)
Adjusted EPS
(+ 15% excluding FX)
(+ 16% excluding FX)
(in millions) (in millions)
Sales Adjusted Operating Income
Q1 2022 SEGMENT PERFORMANCE
5
CAI
$609
$650
SEM Distribution
$89
$95
+ 7%
(+ 10% excluding FX)
$363
$433
$24 $24
+ 19% Flat
$217
$245
$34
$40
+ 7%
(+ 11% excluding FX)
+ 13%
(+ 17% excluding FX)
+ 18%
(+ 20% excluding FX)
Q1 2021 $1,162 $123
Sustainable Solutions 19 8% 7
Healthcare 32 21% 6
Composites (excl.
Morgan
• New Senior Secured Term Loan B and new Senior
Unsecured Notes
• Potential proceeds from sale of Distribution business
modeled to pay off 5.25% senior notes due 2023 and
Term Loan
• Acquisition aligned with Avient’s track record of
disciplined capital allocation policy
• Existing dividend policy maintained, focus on
deleveraging in the near term
(1) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution,
including repayment of senior notes due 2023 and Term Loan
Cash and Cash Equivalents 595$
Senior Secured Term Loan due 2026 605$
New Senior Secured Term Loan B 500
Total Senior Secured Debt 1,105$
Senior Unsecured Notes due 2025 650$
New Senior Unsecured Notes 740
Total Senior Unsecured Debt 1,390$
Total Debt 2,495$
Net Debt 1,900$
2022 Pro forma Adjusted EBITDA 660$
Net Debt / Adjusted EBITDA 2.9x
Pro Forma Capitalization
(2022 estimates, all figures in $M)
TWO-YEAR LEVERAGE GOAL
24
3.5x
2.7x
1.7x
2.9x
2.5x
2.2x
2019PF 2020PF 2022E 2022PF 2023E 2024E
Dyneema® AcquisitionClariant Color Acquisition
(1) Pro forma for the acquisition of the Clariant Color business
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of
Distribution, including repayment of senior notes due 2023 and Term Loan
(1) (1) (2)
25
PRO FORMA MODELING
2022E Pro Forma Pro Forma
($M) w/ Dyneema w/Sale
Revenue 5,100$ 415$ 5,515$ (1,775)$ 3,740$
Adjusted EBITDA 635 130 765 (105) 660
EBITDA % 12% 31% 14% 6% 18%
Pro Forma EPS (Adjusted) 3.50$ 0.00$ 3.50$ (0.56)$ 2.94$
Pro Forma EPS (excl. amortization) 3.96$ 0.35$ 4.31$ (0.56)$ 3.75$
Leverage (12/31/2022E)
Net Debt / Adjusted EBITDA 1.7x 3.5x 2.9x
Avient Dyneema Distribution®
®
OUR SPECIALTY JOURNEY
ACQUISITION HISTORY
27
Commercial
Resources(1)
Operating Margins
259
360
$40
$122
9%
21%
Established Acquisitions
(> 7 years)
+ 39% + 210% + 1200 bps
(1) Commercial Resources include associate headcount in R&D / Technical, Marketing and Sales
CLARIANT COLOR ACQUISITION
28
$133
$205
2019PF 2021
28
Clariant Color EBITDA Growth
Purchase Price Multiple
10.8x
7.0x
6.1x
2019PF 2021 2021 w/ Full
Synergies
• Acquisition of Clariant Color business significantly expanded
presence in healthcare, packaging and consumer end markets
• Strength of portfolio – double-digit annual EBITDA growth
since acquisition
• $54 million of synergies realized in 2021
• Acquisition completed on July 1, 2020 for $1.45 billion.
Purchase price multiple rapidly declining on strength of
business and synergy capture
(1) Financial information is pro forma to include a full year of Clariant Color acquisition
11.9%
16.2%
2019PF 2021
EBITDA Margins
SPECIALTY TRANSFORMATION
7%
46%
66%
86%
100%
0%
20%
40%
60%
80%
100%
2005 2010 2015 2021 2022 PF
%
o
f A
dj
us
te
d
EB
IT
D
A(1
)
JVs Distribution Performance Products & Solutions Specialty
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution
(2)
29
12%
18%
16% 15% 15% 14% 14%
28% 28%
26%
25%
22% 21% 19%
16%
12%
9% 9%
Av
ie
nt
T
od
ay
Av
ie
nt
P
F
AV
Y
PP
G
KW
FU
PM C
E
AL
B
FM
C
AS
EC
EM
XL
U
SC
BN
U
VR
Median: 21%Median: 15%
2022 EBITDA MARGINS VS.
https://www.avient.com/investor-center/news/avient-announces-agreement-acquire-dsm-protective-materials-dyneema-and-plans-explore-sale-distribution
NYSE: AVNT), with 2021 revenues of