Covestro AG

Covestro AG

Covestro AG

Overview
Date Founded

2015

Headquarters

Kaiser-Wilhelm-Allee 60,Leverkusen, Nordrhein-Westfalen 51373

Type of Company

Public

Employees (Worldwide)

16.1K

Industries

Plastics & Synthetics
Chemicals
Wholesale: Raw Materials

Company Description

Covestro AG manufactures and supplies polymers. It operates through the following segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, and Specialties. The Polyurethanes segment refers to the development, manufacture, and sale of precursors for polyurethanes which are isocyanates and polyether polyols used primarily in the furniture and automotive industries. The Polycarbonates segment develops, produces and markets plastic polycarbonate in the form of granules and semifinished products for automotive industry. The Coatings, Adhesives, and Specialties segment is responsible for the development and production of coatings, adhesives, sealants as well as specialties primarily for polyurethane systems. The company was founded on August 20, 2015 and is headquartered in Leverkusen, Germany.

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Executives & Employees

Chief Executive Officer

Chief Executive Officer

Chief Financial Officer

Chief Technology Officer

Head of Investor Relations

Global Head-Communications & Public Affairs

Head, Polycarbonates Segment

Head-Customer & Product Management

In-House Counsel

In-House Counsel

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Supervisory Board

Former Head-Human Resources at Bayer AG

Vice Chairman-Supervisory Board at Covestro AG

Chief Financial Officer at Bayer AG

Former Senior Partner at KPMG International

Employee Representative at Henkel AG & Co. KGaA

Chief Executive Officer at Deutsches Aktieninstitut eV

Former Executive Secretary at United Nations Children's Fund

Member-Supervisory Board at Covestro AG

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Owners & Shareholders
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SLI is an active, team-based, research-driven manager which follows an investment philosophy called 'Focus On Change', seeking to identify and understand the most important factors that drive the market price of an investment and the dynamics behind the drivers. Their investment process combines asset allocation, stock selection, portfolio construction, risk management and dealing.The firm's Focus On Change philosophy recognizes that different factors drive markets at different times in the investment cycle. They believe that research is the key driver of outperformance and perform in-house research in the major global equity and bond markets, from fundamental economic analysis to work on the impact of money flows and the influence of market sentiment.SLI's dedicated risk management team measures and monitors risk across all portfolios. Each fund has a clearly defined specification setting out the parameters within which the portfolio manager can invest. In addition, the firm's Controls & Compliance function provides independent risk monitoring.Their house view ensures a consistent approach to managing market risk across their product range. To minimize the potential risk associated with specific companies, SLI performs comprehensive research and company visits and their risk management team also uses computer-based risk management programs to monitor each fund's exposure to individual stocks and sectors.The firm's funds invest across equities, bonds, real estate, private equity, multi-asset solutions, fund-of-funds and absolute return strategies.

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INVESCO AM-Deutschland is an active manager which utilizes the 'global-local' philosophy of Invesco to provide funds across a range of strategies.

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AP1 is an active, risk-averse manager focused on long-term capital appreciation and meeting planned withdrawals. They seek to diversify and reduce sensitivity to unexpected events by investing in equities, fixed-income, real estate, hedge funds and private equity funds.The firm manages risk by allocating between equity, fixed-income and currency exposure and by establishing the interest sensitivity (duration) of the fixed-income portfolio. They manage large and mid-cap Swedish and foreign equities internally and utilize external managers mainly for emerging markets and foreign small-cap investments. AP1 manages their fixed-income portfolio according to a holistic perspective, investing in an individual market based on total exposure in the fixed-income portfolio and with respect to the desired risk profile. The firm invests in real estate, aiming to make the overall portfolio more robust. Their strategy is to increase the share of Swedish and international real estate investments. They seek a continuous return from rents and invest to a lesser degree in strategies where expected value appreciation is the key component of total return.

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Recent Transactions
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Covestro AG issued Ordinary Shares

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Bayer AG, Covestro AG purchase Thermoplast Composite GmbH

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Bayer AG, Covestro AG purchase Baulé SAS from Eximium SAS

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Transaction Advisors
Legal Advisor

Advised onCovestro AG issued Ordinary Shares

Lead Manager

Advised onCovestro AG issued Ordinary Shares

Underwriter

Advised onCovestro AG issued Ordinary Shares

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Legal Advisor

Advised onCovestro AG issued Ordinary Shares

Associate

Advised onCovestro AG issued Ordinary Shares

Legal Advisor

Advised onCovestro AG issued Ordinary Shares

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Advisors & Consultants
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Legal Advisor

Founder at Bartlit Beck Herman Palenchar & Scott LLP

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Partner at Bartlit Beck Herman Palenchar & Scott LLP

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Clients

Volkswagen AG engages in the production and sale of passenger cars and light commercial vehicles. The firm also develops vehicles and components for the brands of the group. It operates through following segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment covers the development of vehicles and engines; production and sale of passenger cars and light commercial vehicles; and the corresponding genuine parts business. The Commercial Vehicles segment covers the development, production, and sale of light commercial vehicles, trucks, and buses; and the corresponding genuine parts business and related services. The Power Engineering segment deals with the development and production of large-bore diesel engines, turbo compressors, industrial turbine,s and chemical reactor systems; and the production of gear units, propulsion component,s and testing systems. The Financial Services segment involves dealer and customer financing, leasing, banking, insurance, fleet management services. The company was founded on May 28, 1937 and is headquartered in Wolfsburg, Germany.

PolyOne Corporation (NYSE: POL) is a global leader offering a comprehensive array of specialized polymer materials, tailored services and end-to-end solutions. We have: More than 10,000 customers globally More than 35,000 polymer solutions More than 60 manufacturing and distribution facilities Operations in North America, South America, Europe, Asia, and Africa Corporate headquarters in northeast Ohio (U.S.A.) (2011) Annual revenues of $2.9 billion We understand that, in today’s competitive, warp-speed global economy, your success depends on being first to market with innovative, value-creating materials and services. That is why we manufacture many materials to help solve the demanding application and business needs of molders and processors. For more information on our solutions, visit Products & Services. Our solutions are the right choice for customers who want to achieve profit and growth with innovative products, enter new markets, expand globally and much more. In this high-stakes environment, you can rely on us as your strategic partner – a partner whose notion of service goes well beyond merely supplying needs, to delivering better business solutions. Our commitment to you as a PolyOne customer is a core principle, embedded in every dimension of our company

sherwin-Williams has been in business since 1866. The Company's core business is the manufacture, distribution and sale of coatings and related products. Sherwin-Williams has annually increased dividends since 1979.

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Key Stats and Financials As of 2016
Market Capitalization
$17.2B
Total Enterprise Value
$14.7B
Earnings Per Share
$3.93
Revenue
$11.9B
Net Profit
$795M
EBITDA
$1.93B
EBITDAMargin
16.25%
Total Debt
$1.89B
Total Equity
$4.22B
Enterprise Value Sales
1.24x
Enterprise Value EBITDAOperating
7.6x
TEVNet Income
18.49x
Debt TEV
0.13x
Three Year Compounded Annual Growth Rate Of Revenue
1.58%
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Suppliers
LyondellBasell Industries NV Chemicals | Rotterdam, ZH

LyondellBasell Industries NV engages in the refinery and production of chemicals and plastics. It operates through the following segments: Olefins and Polyolefins-Americas, Olefins and Polyolefins-Europe, Asia, International, Intermediates and Derivatives, Refining, and Technology. The Olefins and Polyolefins-Americas segment produces and markets olefins which includes ethylene and ethylene co-products, and polyolefins. The Olefins and Polyolefins-Europe, Asia, International segment produces and markets olefins including ethylene and ethylene co-products, polyolefins and polypropylene compounds. The Intermediates and Derivatives segment produces and markets propylene oxide and its co-products and derivatives, acetyls, and oxygenated fuels. The Refining segment produces gasoline and diesel fuel. The Technology segment develops and chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts. The company was founded in December 2007 and is headquartered in London, the United Kingdom.

Bayer AG Consumer Services | Leverkusen, NW

Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech materials. As an innovation company, it sets trends in research-intensive areas. Bayer’s products and services are designed to benefit people and improve the quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer is committed to the principles of sustainable development and acts as a socially and ethically responsible corporate citizen. In fiscal year 2012, Bayer employed 110,500 people and had sales of €39.8 billion. Capital expenditures amounted to €2 billion, R&D expenses to €3 billion.

Songwon Industrial Co., Ltd. Chemicals | Ulsan, UL

SONGWON INDUSTRIAL Co., Ltd. engages in the manufacture and sale of petrochemical products. Its main products include polymer stabilizers, PVC stabilizers, organo-tin intermediates, plasticizers, polyurethanes, polyester diols, super-absorbent polymers, flocculants, alkyl phenols, and functional monomers. The company was founded on December 15, 1965 and is headquartered in Ulsan, South Korea.

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Competitors
Dowdupont, Inc. Plastics & Synthetics - Midland, MI

DowDuPont, Inc. operates as a holding company, which develops specialty materials, chemicals, and agricultural products. It operates through the following divisions: Agriculture, Materials Science and Specialty Products divisions. The Agriculture division offers a complete portfolio of products and technologies, and a robust pipeline of germplasm, traits and crop protection. The Materials Science division focuses to its market segments, offering a broad and deep portfolio of products and technologies to help customers. The Specialty Products division operates through the five businesses: Electronic Technologies, Protection Solutions, Nutrition & Health, Industrial Biosciences and Sustainable Solutions. The company is headquartered in Midland, MI.

Huntsman Corp. Plastics & Synthetics - Salt Lake City, UT

Huntsman is a global manufacturer and marketer of differentiated chemicals. Our operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, Huntsman has approximately 12,000 employees and operates from multiple locations worldwide. The Company had 2011 revenues of over $11 billion

BASF SE Chemicals - Ludwigshafen am Rhein, RP

BASF SE engages in the provision of chemicals. It offers a range of chemicals and intermediates solutions. It operates through the following segments: Chemicals, Performance Products, Functional Materials and Solutions, Agricultural Solutions, and Oil & Gas. The Chemical segment refers to basic chemicals and intermediates portfolio, which comprises of solvents, plasticizers and high-volume monomers to glues and electronic chemicals as well as raw materials for detergents, plastics, textile fibers, paints and coatings, plant protection and pharmaceuticals. The Performance Products segment pertains the product portfolio which contains vitamins and other food additives as well as ingredients for pharmaceuticals and for hygiene, home and personal care items. The Functional Materials and Solutions segment pertains to the bundle system solutions, services and products such as catalysts, battery materials, engineering plastics, polyurethane system, automotive and industrial coating and concrete admixtures as well as constructive systems such as tile adhesive and decorative paints. The Agricultural Solutions segment is the crop protection products guard against fungal diseases. The Other segment is the exploration and production activities. The Oil & Gas segment focus on exploration and production in oil and gas-rich regions in Europe, North Africa, Russia, South America and the Middle East. The company was founded on April 6, 1865 and is headquartered in Ludwigshafen am Rhein, Germany.