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)

16.4K

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.

Website
Executives & Employees

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

Investor Relations Manager

Supervisory Board

Former Head-Human Resources at Bayer AG

Vice Chairman-Supervisory Board at Covestro AG

Former Senior Partner at KPMG International Coop.

Member of the Management Board & Chief Financial Officer of the Company & Bayer, Asia Pacific Region at Bayer AG

Employee Representative at Henkel Pension

Former Executive Secretary at United Nations Children's Fund

Member-Supervisory Board at Covestro AG

Chief Executive Officer at Deutsches Aktieninstitut eV

Paths to Covestro AG
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Covestro AG
Owners & Shareholders
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Assenagon-DE is an active, risk-sensitive manager which aims to generate stable positive earnings through market-neutral, quantitative/benchmark and active strategies in their absolute return, credit, equity and wealth management funds.The firm's teams of experts provide holistic, fund-based risk management for their range of tailored investment solutions including quantitative trend-following funds which feature dynamic capital protection.

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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.

Recent Transactions
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Charlesbank Capital Partners LLC, Plaskolite LLC purchase Covestro AG /Pcs Sheets Business from Covestro AG

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Covestro AG issued Ordinary Shares

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Bayer AG, Covestro AG purchase Thermoplast Composite GmbH

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

Legal Advisor

Advised onCovestro AG issued Ordinary Shares

Associate

Advised onCovestro AG issued Ordinary Shares

Legal Advisor

Advised onCovestro AG issued Ordinary Shares

Advisors & Consultants
Legal Advisor

Founder at Bartlit Beck Herman Palenchar & Scott LLP

Legal Advisor

Partner at Bartlit Beck Herman Palenchar & Scott LLP

Clients

NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following business segments: North America, Western Europe, Central & Eastern Europe, Greater China, Japan, Emerging Markets, Global Brand Divisions, Converse, and Corporate. The Global Brand Divisions segment represents the Nike brand licensing business. The Converse segment design, market, license, and sell casusal sneakers, apparel and accessories. The Corporate segmeng is consist of foreign currenct hedge gains and losses related to revenues generated by entities within the Nike brand and Converse but managed through the central foreign exchange risk management program of the company. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.

Hennes & Mauritz AB engages in the sale of clothing, accessories, footwear, cosmetics, and home textiles. Its products include accessories, underwear, cosmetics, sportswear, and other apparels for men, women, and kids. Its brands include H&M, COS, Monki, Weekday, & Other Stories, Cheap Monday, H&M Home, and ARKET. The company was founded by Erling Persson in 1947 and is headquartered in Stockholm, Sweden.

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

Key Stats and Financials As of 2017
Market Capitalization
$15.2B
Total Enterprise Value
$17.7B
Earnings Per Share
$9.93
Revenue
$14.1B
Net Profit
$2.01B
EBITDA
$3.36B
EBITDAMargin
23.73%
Total Debt
$1.79B
Total Equity
$5.36B
Debt TEV
0.1x
Enterprise Value Sales
1.25x
Enterprise Value EBITDAOperating
5.29x
TEVNet Income
8.83x
Three Year Compounded Annual Growth Rate Of Revenue
6.33%
Five Year Compounded Annual Growth Rate Of Revenue
4.02%
Suppliers
Bayer AG Medical Support 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.

Honshu Chemical Industry Co., Ltd. Plastics & Synthetics | Tokyo, TY

Honshu Chemical Industry Co., Ltd. engages in the manufacture and sale of chemicals used as raw materials for synthetic resins, pharmaceuticals, agrochemicals, rubber chemicals and electronic-related materials. It operates through the following segments: Chemicals, Functional Materials, Industrial Materials and Others. The Chemicals segment manufactures and sells biphenol, bisphenol F, and cresol derivatives. The Functional Materials segment handles manufacture and sale of special bisphenol and photoresist materials. The Industrial Materials segment involves in the consignment of special bisphenol. The Others segment acts as a sales channel. The company was founded on November 13, 1914 and is headquartered in Tokyo, Japan.

Competitors
Dowdupont, Inc. Plastics & Synthetics - Wilimington, DE

DowDuPont, Inc. is a holding company, which engages in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Agriculture; Performance Materials & Coatings; Industrial Intermediates & Infrastructure; Packaging & Specialty Plastics; Electronics & Imaging; Nutrition & Biosciences; Transportation & Advanced Polymers; and Safety & Construction. The Agriculture segment focuses on seed and crop protection businesses. The Performance Materials & Coatings segment caters the uses silicones, acrylics, and cellulosics-based technology platforms. The Industrial Intermediates & Infrastructure segment includes construction chemicals, energy solutions, industrial solutions, and polyurethanes and chlor-alkali and vinyl. The Packaging & Specialty Plastics segment produces ethylene, polyolefin elastomers, and ethylene propylene diene monomer elastomers. The Electronics & Imaging segment supplies materials for consumer electronics. The Nutrition & Biosciences segment offers solutions for the food and beverage, pharma, personal care, energy, and animal nutrition markets. The Transportation & Advanced Polymers comprises of engineering resins, adhesives, lubricants and parts to engineers and designers in the transportation, electronics, medical, industrial, and consumer end-markets. The Safety & Construction segment includes engineered products and integrated systems for the construction, worker safety, energy, oil and gas, transportation, medical devices, and water purification and separation. The company is headquartered in Wilmington, DE.

3M Company Industrial Machinery & Manufacturing - St. Paul, MN

3M Co. is a technology company, which manufactures industrial, safety and consumer products. The company operates its business through the following segments: Industrial, Safety & Graphics, Health Care, Electronics & Energy, and Consumer. The Industrial segment provides products, including tapes, abrasives, adhesives, ceramics, sealants, closure systems for personal hygiene products, acoustic systems products, specialty materials and filtration systems. The Safety & Graphics segment offers personal protective equipment, traffic safety & security products, commercial graphics systems, commercial cleaning & protection products, floor matting, roofing granules for asphalt shingles, and fall protection products. The Health Care segment supplies medical and surgical equipment, skin health & infection prevention products, drug delivery systems, dental & orthodontic products, health information systems and food safety products. The Electronics & Energy segment involves in the optical films solutions for electronic displays, packaging and interconnection devices; insulating and splicing solutions; touch screens and touch monitors; renewable energy component solutions; and infrastructure protection products. The Consumer segment includes sponges, scouring pads, high-performance cloths, consumer and office tapes, repositionable notes, indexing systems, home improvement products, home care products, protective material products, and consumer & office tapes, as well as adhesives. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and J. Danley Budd in 1902 and is headquartered in St. Paul, MN.

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