Huntsman Corporation · NYSE:HUN
Huntsman — Merger or Acquisition (June 2026)
16 slides from Huntsman's merger presentation, Jun 15, 2026
Slide 1: Creating an Integrated North American Chemicals Leader
Creating an Integrated North American Chemicals Leader JUNE 2026
Slide 2: Disclaimer
Disclaimer Additional Information and Where to Find It associated with climate-related events or increased severity and frequency of severe weather events; (i) the failure or an interruption, including cyber-attacks, of Olin’s and/or Huntsman’s information technology systems, including risks from th
Slide 3: Today's Participants
KENNETH LANE PETER HUNTSMAN Today’s President and Chairman of the Board, President and Chief Executive Officer Chief Executive Officer OLIN HUNTSMAN Participants TODD SLATER PHIL LISTER Senior Vice President and Executive Vice President and Chief Financial Officer Chief Financial Officer OLIN HUNTSM
Slide 4: Merger of Equals Creates a $12B+ North American Chemicals Leader
Merger of Equals Creates a $12B+ North American Chemicals Leader Creates a $12B+ North Vertical Integration Enhanced Scale and Experienced Leadership American Chemicals Improves Cost Position, Disciplined Capital with Shared Focus on Leader Amplified by $400M+ Allocation Drive Value Creation Cost Sy
Slide 5: Transaction Summary
Transaction TRANSACTION NAME AND BALANCED Summary STRUCTURE HEADQUARTERS GOVERNANCE & LEADERSHIP • All-stock merger of equals • Company name: CHIEF EXECUTIVE OFFICER OlinHuntsman Corporation Kenneth Lane • Huntsman shareholders to receive 0.5476 shares in Olin for • Corporate headquarters: CHAIRMAN
Slide 6: Increased Scale to Compete in Diverse and Growing End Markets
Increased Scale to Compete in Diverse and Growing End Markets Combined Company Financials in $B COMBINED COMPANY GEOGRAPHIC MIX (1) % 2025 Revenue $12.5 $0.9 | $1.3 Rest of World 9% 2025 Revenue 2025 EBITDA Europe 17% U.S. and KEY END MARKETS Canada Aerospace | Automotive | Consumer | 56% Constructi
Slide 7: Deeper Integration Drives Value Chain Benefits
Deeper Integration Drives Value Chain Benefits ADVANTAGED UPSTREAM LEADERSHIP DOWNSTREAM APPLICATION EXPERTISE • Favorable cost position from U.S. Gulf Coast economics • Large downstream participant in the chlorine value chain Today • World-scale chlor alkali and derivatives production Today • Formu
Slide 8: Creating a Stronger, More Diversified Platform With Differentiated Downstream Capabilities
Creating a Stronger, More Diversified Platform With Differentiated Downstream Capabilities SELECTED INTEGRATED VALUE CHAINS Current Olin Strength Current Huntsman Strength External SELECT GROWTH END MARKETS Formulated Chlorine Phosgene MDI Polyurethane Systems AEROSPACE AUTOMOTIVE ECU → POLYURETHANE
Slide 9: $400M+ Cost Synergy and Integration Benefits Identified
$400M+ Cost Synergy and Integration Benefits Identified LINE OF SIGHT TO $400M+ SYNERGIES PER YEAR, $300M+ OF IDENTIFIED NEAR-TERM SYNERGIES AFTER FULL INTEGRATION ($M) PURCHASING & RAW MATERIAL INTEGRATION • Raw material cost savings from scale and sourcing ~$75M $100+ $400+ • Rationalized supply r
Slide 10: Significantly Improved Profitability and Cash Flow Through the Cycle
Significantly Improved Profitability and Cash Flow Through the Cycle ADJUSTED EBITDA(1) ($B) Stronger Combined More Resilient and Combined Company Financial Profile Drives Profitable with Combined Company 2025 2021 – 2025 Average Profitability from Combined Company $2.7B Synergy and 2025 $1.3B+ Inte
Slide 11: Stronger Combined Financial Profile
Stronger Combined Stronger combined financial profile driven Year-end 2025 net leverage Financial Profile by synergy capture, integration benefits and increased scale of 4.6x (or 3.2x with full synergy implementation(2)) on a combined company basis A combined company balance sheet with balanced matu
Slide 12: Consistent, Disciplined Capital Allocation Priorities
MAINTENANCE CAPITAL • ~$400M per year on a combined basis to ensure safe and reliable operations Consistent, DIVIDEND • Maintain stable dividend policy Disciplined Capital • Supported by resilient through-the-cycle cash flows of the combined company Allocation Priorities LEVERAGE • Prioritize near-t
Slide 13: Key Takeaways
KEY TAKEAWAYS Creates a $12B+ North Vertical Integration Enhanced Scale and Experienced Leadership American Chemicals Improves Cost Position, Disciplined Capital with Shared Focus on Leader Amplified by $400M+ Allocation Drive Value Creation Cost Synergies Shareholder Value 13
Slide 14: Appendix
Appendix
Slide 15: High Confidence in Synergy Delivery with Accountability
High Confidence in Synergy Delivery with Accountability ACCOUNTABILITY FRAMEWORK DAY 1 SYNERGY IMPLEMENTATION PLAN Bottoms-up synergy capture plan jointly developed by designated cross-functional teams from Olin and IMMEDIATE COST ACTIONS WITH HIGH EXECUTION VISIBILIT Y Huntsman • Corporate cost rat
Slide 16: Winning Combination with Benefits in All Major Regions
Winning Combination with Benefits in All Major Regions U.S. GULF COAST EUROPE • Competitive position in strategic end uses • Epoxy integration expands Advanced Materials capabilities • Regional integration enhances economics in epoxies and growth in higher-value applications ALABAMA LOUISIANA TEXAS