Huntsman Corporation · NYSE:HUN
Huntsman — Investor Presentation (2025)
24 slides from Huntsman's investor presentation, 2025
Slide 1: Investor Presentation
Investor Presentation Huntsman Corporation (NYSE – HUN) Fourth Quarter 2024
Slide 2: General Disclosure
General Disclosure Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward- looking statements include statements concerning our plans, obj
Slide 3: Huntsman – A History of Transformation
Company Overview Huntsman – A History of Transformation Performance Products (Amines & Polyurethanes Base MDI Urethanes Maleic) Chemicals Advanced Materials Divested Current Advanced Materials Polymers Amines & Maleic Surfactants Titanium Upstream & LAB Dioxide PO/MTBE Intermediates & Other 2005 201
Slide 4: A Diverse Portfolio Primarily Serving the Construction & Industrial Markets
Company Overview A Diverse Portfolio Primarily Serving the Construction & Industrial Markets Aerospace Rest of World Consumer Advanced Materials Automotive US/ Canada APAC Construction & Divisional Regional End Market Infrastructure Performance Contribution Exposure Exposure Products Polyurethanes I
Slide 5: Huntsman's Portfolio Today
Company Overview Huntsman’s Portfolio Today Polyurethanes Performance Products Advanced Materials Total 3Q24 LTM Sales Revenue $3.8 billion $1.1 billion $1.1 billion $6.0 billion 3Q24 LTM Adj. EBITDA $208 million $158 million $180 million $387 million 3Q24 LTM Adj. EBITDA 5% 14% 17% 6% Margin % Key
Slide 6: Balanced Capital Allocation Strategy
Company Overview Balanced Capital Allocation Strategy Attractive Dividend Bolt-on Acquisitions $1.00 per year Increased 5% in 2024 Increased 12% in 2023 Increased 13% in 2022 Increased 15% in 2021 Maintain Investment Grade Balance Sheet Net Debt Leverage ≤ 2 times on average Organic Investments Shar
Slide 7: Evolving the Portfolio through Acquisitions & Divestitures
Company Overview Evolving the Portfolio through Acquisitions & Divestitures Acquisitions of High Margin and Differentiated Businesses What Acquisitions Must Have Cost Synergies April 2018 September 2019 February 2020 May 2020 January 2021 Purchase Price ~$350M Purchase Price ~$100M Purchase Price ~$
Slide 8: Portfolio Addresses Growing Demand for Sustainable Products
Company Overview Portfolio Addresses Growing Demand for Sustainable Products Performance Advanced Polyurethanes Products Materials Energy Conservation, Alternative High performing insulation Energy, and Storage Smarter, more efficient power grid Electric vehicle battery solvents and motor encapsulat
Slide 9: Compelling Investment Opportunity
Company Overview Compelling Investment Opportunity Strong Financials Supporting Consistent Investment in Growth Shareholder Returns Platforms Net leverage of 4.0x 3Q24 Investing in high return internal capital projects $76M Free Cash Flow generated 3Q24 LTM E-GRADE®, Polyurethane catalysts
Slide 10: Polyurethanes
Divisional Overview Polyurethanes We are a leading global manufacturer and marketer of a broad range of polyurethane chemicals, including MDI products, polyols and TPU. Polyurethane chemicals are used to produce rigid and flexible foams, as well as coatings, adhesives, sealants and elastomers. We fo
Slide 11: Polyurethanes Business Dynamics
Polyurethanes Business Dynamics End Market Breakdown(1) Key Businesses (Net Sales Revenue) $3.8B 3Q24 LTM sales Insulation revenue Automotive 8% 1% 44% Composite Wood $5,000 $208M 3Q24 LTM Adj. EBITDA Products 10% Adhesives & Coatings $4,000 13% Apparel ~2,500 products USD in Millions Home Furnishin
Slide 12: Upvaluing the Business with Innovation and Differentiation
Polyurethanes Upvaluing the Business with Innovation and Differentiation Huntsman Building Solutions (HBS) Global Platforms & Elastomers Elastomers (Specialty Elastomers, Footwear) Upvalue Differentiated Solutions HBS Upvalue Low Innovate ● Grow Automotive Automotive Adhesives & Coatings Spl
Slide 13: Huntsman Building Solutions
Polyurethanes Huntsman Building Solutions $31B Global Building Insulation Market North American Spray Foam Exposure(1) Spray Polyurethane Foam HBS Share ~31% ~7% ~3% Benefits to Customers of SPF 100% SPF creates an effective air barrier, preventing drafts and 90% minimizing moisture and humidity S
Slide 14: Upvaluing Portfolio to Increase Profitability
Polyurethanes Upvaluing Portfolio to Increase Profitability Upvaluing Boosting Fit and Customer Differentiated Focused Solutions Platforms Leverage splitter Grow/globalize Huntsman Drive active portfolio technology for increased Building Solutions management and resource product differentiatio
Slide 15: Performance Products
Divisional Overview Performance Products We have a leading global positions in the manufacture and sale of amines and maleic anhydride and serve a wide variety of consumer and industrial end market such as automotive, gas treating, lubricants, coatings, construction and insulation.
Slide 16: Performance Products Business Dynamics
Performance Products Business Dynamics End Market Breakdown(1) Net Sales Revenue by Product Family Coating & Adhesives $ 1.1B 3Q24 LTM sales revenue Fuels & Lubricants 16% $1,800 22% Construction $158M 3Q24 LTM Adj. EBITDA 5% $1,600 Polyurethane Additives 4% Agrochemicals 3% $1,400 18% Oil Field Tec
Slide 17: Leading Positions Supporting Diverse End Markets
Performance Products Leading Positions Supporting Diverse End Markets Amines(1) Maleic Anhydride(1) Coating & Adhesives Construction 14% Fuels & Lubricants 2% 26% Industrial Markets 6% Polyurethane Additives 4% 56% 7% Fuels & Lubricants 4% Agrochemicals 4% End Markets Oil Field Technology End Market
Slide 18: Upvaluing Portfolio to Increase Profitability
Performance Products Upvaluing Portfolio to Increase Profitability Innovate, Grow Drive High Degree Maximize Value in & Invest in of Discipline with Maleic Anhydride Specialties Focus on Commercial and Excellence Ethyleneamines Innovate, grow and invest in Disciplined management Maximize profi
Slide 19: Advanced Materials
Divisional Overview Advanced Materials Advanced Materials segment is a leading global manufacturer and marketer of technologically-advanced epoxy, phenoxy, acrylic, polyurethane, mercaptan and acrylonitrile butadiene-based polymer products. We focus on formulations and systems that are used to addre
Slide 20: Advanced Materials Business Dynamics
Advanced Materials Business Dynamics Specialty Markets Focus(1) Net Sales Revenue 3% 5% Aerospace $ 1.1B 3Q24 LTM sales revenue 19% 16% Infrastructure General Industry $1,400 $180M 3Q24 LTM Adj. EBITDA Automotive 18% Other $1,200 39% Commodity ~3,500 products $1,000 $800 15 manufacturing sites Regio
Slide 21: Primary Growth Levers
Advanced Materials Primary Growth Levers Integrating M&A & Benefitting from Realizing Synergies Aerospace Recovery Acquisition integration complete Passenger travel recovers by 2025 Solid platform for continued bolt-on M&A OEM build rates recovering, single-aisle leads wide-body Growing Org
Slide 22: Complex Chemistries Enabling Valuable Effects
Advanced Materials Complex Chemistries Enabling Valuable Effects Enhancing End Markets Specialty Components Valuable Effects Aerospace Infrastructure General Industry Automotive Specialty Resins Tougheners Light-weighting Curing Agents Modifiers & Additives Adhesion & Joining Carbon Materials Electr
Slide 23: Pioneering Step-Out Technology
Advanced Materials Pioneering Step-Out Technology Problem MIRALON® Solution, Market Applications & Scale-Up Plan Oil & gas industry has long-term issue with methane / natural gas 2010 Technology development Methane has 28x more global H2 Lab scale & experimental sales warming potential than CO2 ‘Tur
Slide 24: Driving to Deliver Sustainable High-Value Growth
Advanced Materials Driving to Deliver Sustainable High-Value Growth Strong Specialty Market Position Strong position in attractive transforming specialty markets Highly qualified applications create cycle robustness Aerospace full market recovery expected by 2025 Innovation & Bolt-on Acquisiti