Huntsman Corporation · NYSE:HUN

Huntsman — Q2 2024 Earnings Presentation

14 slides from Huntsman's earnings presentation, Aug 6, 2024

  1. Slide 1: 2Q24 Earnings Summary

    2Q24 Earnings Summary August 5, 2024 1

  2. Slide 2: Earnings Summary Conference Call

    2nd Quarter 2024 Earnings Summary Conference Call Tuesday, August 6, 2024 10:00 a.m. ET Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=8mIXrKvK 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

    2Q24 Earnings Summary Highlights ($ in millions, except per share amounts) 2Q24 2Q23 Revenues $ 1,574 $ 1,596 Net income attributable to Huntsman Corporation $ 22 $ 19 Adjusted net income $ 24 $ 39 Diluted income per share $ 0.13 $ 0.11 Adjusted diluted income per share $ 0.14 $ 0.22 Adjusted EBITDA

  5. Slide 5: Polyurethanes

    2Q24 Earnings Summary Polyurethanes Revenues Adjusted EBITDA 2Q 2024 LTM Adjusted EBITDA Margin $3.8B Sales Revenue $1,001 $1,012 $88 $80 $213M Adj. EBITDA 9% 8% 6% Adj. EBITDA Margin 2Q24 2Q23 2Q24 2Q23 Highlights 3Q24 Outlook 2Q24 Y/Y Change  Volumes increased 9% year-over-year, driven by  Third

  6. Slide 6: Performance Products

    2Q24 Earnings Summary Performance Products Revenues Adjusted EBITDA 2Q 2024 LTM $400 $55 Adjusted EBITDA Margin $1.1B Sales Revenue $350 $299 $307 $46 $163M $300 $250 18% Adj. EBITDA $200 14% $150 $100 15% Adj. EBITDA Margin $50 $0 2Q24 2Q23 2Q24 2Q23 Highlights 3Q24 Outlook 2Q24 Y/Y Change  Volume

  7. Slide 7: Advanced Materials

    2Q24 Earnings Summary Advanced Materials Revenues Adjusted EBITDA 2Q 2024 LTM Adjusted EBITDA Margin $1.1B Sales Revenue $400 $52 $51 $350 $279 $284 $182M $300 $250 Adj. EBITDA $200 19% 18% 17% $150 $100 Adj. EBITDA Margin $50 $0 2Q24 2Q23 2Q24 2Q23 Highlights 3Q24 Outlook 2Q24 Y/Y Change  Volumes

  8. Slide 8: Revenue Bridge

    2Q24 Earnings Summary Revenue Bridge Year / Year Quarter / Quarter $138 $113 ($149) ($11) ($2) ($7) $1,596 $1,574 $1,574 $1,470 (1) (2) (2) (1) (2) (2) 2Q23 Revenue Volume Price & Mix FX 2Q24 Revenue 1Q24 Revenue Volume Price & Mix FX 2Q24 Revenue (1) Excludes sales volumes of byproducts and raw mat

  9. Slide 9: Adjusted EBITDA Bridge – By Division

    2Q24 Earnings Summary Adjusted EBITDA Bridge – By Division Year / Year Quarter / Quarter ($8) $1 $9 ($9) $41 $4 ($9) ($4) $156 $131 $131 $81 2Q23 Adjusted Polyurethanes Performance Advanced Corporate and 2Q24 Adjusted 1Q24 Adjusted Polyurethanes Performance Advanced Corporate and 2Q24 Adjusted EBITD

  10. Slide 10: Cash Flow and Liquidity Considerations

    2Q24 Earnings Summary Cash Flow and Liquidity Considerations 2Q24 Commentary Earnings and Cash Flow 2Q23 2Q24 2023 LTM Adjusted EBITDA $156 $131 $472 $392  Investment grade balance sheet with $1.3 billion of liquidity at the close Cash Flow From Operations $40 $55 $251 $325 of the quarter vs $1.7 b

  11. Slide 11: 3Q24 Outlook Summary

    2Q24 Earnings Summary 3Q24 Outlook Summary 3Q24 Adjusted EBITDA Polyurethanes $75M – $90M Performance Products $35M – $45M Advanced Materials $48M – $53M Corporate ~($43M) Total ~$115M – $145M 11 11

  12. Slide 12: 2024 Additional Modeling Considerations

    2Q24 Earnings Summary 2024 Additional Modeling Considerations Adjusted EBITDA/ Income Statement Cash Flow Full Year Corporate & Other ~$170M Dividends from Equity Affiliates ~$15M Tailwind YoY In Year Cost Savings Benefit ~$60M, excluding inflation Pension Contributions ~$15M Tailwind YoY Pension Ex

  13. Slide 13: Financials and Reconciliation

    2Q24 Earnings Summary Financials and Reconciliation USD In millions 1Q22 2Q22 3Q22 4Q22 FY22 1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 2Q24 LTM Segment Revenues: Polyurethanes $ 1,386 $ 1,353 $ 1,257 $ 1,071 $ 5,067 $ 991 $ 1,012 $ 967 $ 895 $ 3,865 $ 926 $ 1,001 $ 3,789 Performance Products 480 492 434 30

  14. Slide 14: Financials and Reconciliation

    2Q24 Earnings Summary Financials and Reconciliation USD In millions 1Q22 2Q22 3Q22 4Q22 FY22 1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 2Q24 LTM Net income (loss) $ 240 $ 242 $ 115 $ (74) $ 523 $ 166 $ 31 $ 15 $ (59) $ 153 $ (23) $ 38 $ (29) Net income attributable to noncontrolling interests (17) (14) (15)

Huntsman — Q2 2024 Earnings Presentation on 6ix