Huntsman Corporation · NYSE:HUN

Huntsman — Q2 2025 Earnings Presentation

16 slides from Huntsman's earnings presentation, Aug 1, 2025

  1. Slide 1: 2Q25 Earnings Summary

    2Q25 Earnings Summary July 31, 2025 1

  2. Slide 2: Earnings Summary Conference Call Details

    2nd Quarter 2025 Earnings Summary Conference Call Friday, August 1, 2025 10:00 a.m. ET Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=5R7ztW5k Participant dial-in numbers: Domestic callers: (877) 402-8037 International callers: (201) 378-4913 2

  3. Slide 3: General Disclosure: Forward-Looking Statements

    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

  4. Slide 4: Highlights

    2Q25 Earnings Summary Highlights ($ in millions, except per share amounts) 2Q25 2Q24 Revenues $ 1,458 $ 1,574 Net (loss) income attributable to Huntsman Corporation $ (158) $ 22 Adjusted net (loss) income $ (34) $ 24 Diluted (loss) income per share $ (0.92) $ 0.13 Adjusted diluted (loss) income per

  5. Slide 5: Polyurethanes

    2Q25 Earnings Summary Polyurethanes Revenues Adjusted EBITDA 2Q 2025 LTM Adjusted EBITDA Margin $3.8B Sales Revenue $1,001 $932 $80 $199M Adj. EBITDA 8% $31 3% 5% Adj. EBITDA Margin 2Q25 2Q24 2Q25 2Q24 Highlights 3Q25 Outlook 2Q25 Y/Y Change  Volumes decreased 2% year-over-year  Third quarter 2025

  6. Slide 6: Performance Products

    2Q25 Earnings Summary Performance Products Revenues Adjusted EBITDA 2Q 2025 LTM $400 Adjusted EBITDA Margin $1.0B Sales Revenue $299 $46 $350 $270 $127M $300 $250 $32 Adj. EBITDA $200 15% 12% $150 Adj. EBITDA Margin 12% $100 $50 $0 2Q25 2Q24 2Q25 2Q24 Highlights 3Q25 Outlook 2Q25 Y/Y Change  Volume

  7. Slide 7: Advanced Materials

    2Q25 Earnings Summary Advanced Materials Revenues Adjusted EBITDA 2Q 2025 LTM Adjusted EBITDA Margin $1.0B Sales Revenue $400 $52 $350 $45 $264 $279 $165M $300 $250 Adj. EBITDA $200 17% 19% 16% $150 $100 Adj. EBITDA Margin $50 $0 2Q25 2Q24 2Q25 2Q24 Highlights 3Q25 Outlook 2Q25 Y/Y Change  Volumes

  8. Slide 8: Revenue Bridge

    2Q25 Earnings Summary Revenue Bridge Year / Year Quarter / Quarter $69 $29 ($60) $8 ($50) ($64) $1,574 $1,458 $1,458 $1,410 (1) (2) (2) (1) (2) (2) 2Q24 Revenue Volume Price & Mix FX 2Q25 Revenue 1Q25 Revenue Volume Price & Mix FX 2Q25 Revenue (1) Excludes sales volumes of byproducts and raw materia

  9. Slide 9: Adjusted EBITDA Bridge – By Division

    2Q25 Earnings Summary Adjusted EBITDA Bridge – By Division Year / Year Quarter / Quarter $9 $2 $2 $13 ($49) ($11) $131 ($14) ($7) $72 $74 $74 2Q24 Adjusted Polyurethanes Performance Advanced Corporate and 2Q25 Adjusted 1Q25 Adjusted Polyurethanes Performance Advanced Corporate and 2Q25 Adjusted EBIT

  10. Slide 10: Cash Flow and Liquidity Considerations

    2Q25 Earnings Summary Cash Flow and Liquidity Considerations 2Q25 Commentary Earnings and Cash Flow 2Q24 2Q25 2024 LTM Adjusted EBITDA $131 $74 $414 $348  Balance sheet with $1.3 billion of liquidity at the close of the quarter Cash Flow From Operations $55 $92 $285 $314  Net debt leverage at 4.7x

  11. Slide 11: Cost Realignment Plans

    2Q25 Earnings Summary Cost Realignment Plans Delivery of ~$100M Run Rate Benefits Targeted by End of 2026 Annualized Run Rate Commentary 120 Program Highlights ~$100M ~$40M 2Q25 100 Annualized Run Rate Targeted Run Rate Benefits ~$100M 80 ~$70M Site Closures Announced: Expected Restructuring Cash Co

  12. Slide 12: 2025 Action Priorities and Key Initiatives

    2Q25 Earnings Summary 2025 Action Priorities and Key Initiatives 1 2 3 4 Growth Europe Rightsize Cash Management Cost Management Complete and Deliver on Supply Chain Financing Performance Products Continued Restructuring Polyurethanes Restructuring Program Capital Investments Deliver Further on US M

  13. Slide 13: 3Q25 Outlook Summary

    2Q25 Earnings Summary 3Q25 Outlook Summary 3Q25 Adjusted EBITDA Polyurethanes $35M – $50M Performance Products $20M – $30M Advanced Materials $40M – $45M Corporate ~($40M) Total ~$55M – $85M Underlying 3Q25 Guidance Assumptions  Similar conditions in third quarter versus the second quarter  No imp

  14. Slide 14: 2025 Additional Modeling Considerations

    2Q25 Earnings Summary 2025 Additional Modeling Considerations Adjusted EBITDA/ Income Statement Cash Flow Full Year Corporate & Other ~$150M Dividends from Equity Affiliates ~$80M Headwind YoY Cost Savings Program Benefit ~$65M(1) Pension Contributions Similar to 2024 Interest Expense ~$10M Headwind

  15. Slide 15: Financials and Reconciliation

    2Q25 Earnings Summary Financials and Reconciliation USD In millions 1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 2Q25 LTM Segment Revenues: Polyurethanes $ 991 $ 1,012 $ 967 $ 895 $ 3,865 $ 926 $ 1,001 $ 1,003 $ 970 $ 3,900 $ 912 $ 932 $ 3,817 Performance Products 334 307 277 260 1,17

  16. Slide 16: Financials and Reconciliation

    2Q25 Earnings Summary Financials and Reconciliation USD In millions 1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 2Q25 LTM Net income (loss) $ 166 $ 31 $ 15 $ (59) $ 153 $ (23) $ 38 $ (17) $ (125) $ (127) $ 11 $ (145) $ (276) Net income attributable to noncontrolling interests (13) (12

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