Westlake Corporation · NYSE:WLK
Westlake — Westlake Chemical — Merger or Acquisition (June 2021)
15 slides from Westlake's merger presentation, Jun 21, 2021
Slide 1: Westlake Significantly Expands its Presence in North American Home Construction Materials Markets
Westlake Chemical Corporation Westlake Significantly Expands its Presence in the Growing North American Home Construction Materials Markets by Acquiring Boral’s North American Building Products Businesses (‘BNA’) June 21, 2021 Exhibit 99.2
Slide 2: Acquisition Significantly Expands Westlake's Leading Positions in Fast Growing Home Building Products
Acquisition Significantly Expands Westlake’s Leading Positions in Fast Growing Home Building Products Acquisition of Boral Limited’s North America building products business (‘BNA’) adds significant scale and product diversification to Westlake to broaden its leading Building Products business: BNA
Slide 3: Transaction Overview
Transaction Overview Business, Structure and Consideration BNA is a leading North American building products company with leading positions in roofing, siding, trim, plastic shutters, decorative stone, and windows BNA employs approximately 4,600 persons across 29 manufacturing sites in the U.S. and
Slide 4: Key Highlights to Combination
Key Highlights to Combination Further enhances Westlake’s position in home building products in the attractive North American housing market that is benefitting from long term secular growth Significantly enhances scale and diversification of Westlake’s leading building products business to create a
Slide 5: BNA Business Overview
BNA Business Overview Siding, Trim and Shutters Roofing Decorative Stone Vinyl Windows
Slide 6: BNA Business Overview
BNA Business Overview Comprehensive Brand Portfolio... ad Aesthetically-Important Exterior Building Products in High-Margin Categories ‘Concrete Tile, Clay Tile, Stone-Coated Metal and Polymer Composite Roofing and Components ie puis) aa “Millwork/PVC Post Wrop Leer Trubiterior
Slide 7: BNA Acquisition Builds on Westlake's History of Integration and Strategic Growth
BNA Acquisition Builds on Westlake's History of Integration and Strategic Growth Capacity (MM lbs.) Vinyls Olefins Company Begins Operation in Lake Charles Acquired VCM in Calvert Started Petro 1 Acquired PVC Plant Acquired Geismar VCM/PVC Plant Acquired 1 Pipe Plant Acquired 3 Pipe Plants Calgary W
Slide 8: BNA Acquisition Provides Significant Scale and Diversification to Westlake's Building Products
BNA Acquisition Provides Significant Scale and Diversification to Westlake’s Building Products and Infrastructure Materials Business ($ millions) Westlake Pre-BNA Acquisition Westlake Building Products BNA Westlake Post BNA Acquisition Westlake Building Products Post BNA Acquisition 2020 Full Year S
Slide 9: Combination Creates Building Products Business in Scale on Par to Large Stand-Alone Public Peers
Combination Creates Building Products Business in Scale on Par to Large Stand-Alone Public Peers 2020 Revenue ($mm) Westlake Building Products Post BNA Acquisition Acquisition creates a Building Products business at Westlake comparable in size to many large publicly traded stand-alone peers Building
Slide 10: Secular and Structural Strength in Housing Supports Attractive Opportunities in PVC and Building Products
Secular and Structural Strength in Housing Supports Attractive Opportunities in PVC and Building Products Growth Source: U.S. Bureau of the Census, OECD Demographics Support Continued Housing Demand Growth Secular trends to drive U.S. housing demand growth, which will benefit Westlake’s Building Pro
Slide 11: Repair and Remodeling Growth Consistently Exceeds GDP Growth
Repair and Remodeling (‘R&R’) Growth Consistently Exceeds GDP Growth Creating Additional Opportunity Source: Harvard JCHS
Slide 12: Acquisition Builds Upon Westlake's Focus on ESG
Acquisition Builds Upon Westlake’s Focus on ESG Westlake’s products support over half of the 17 Sustainable Development Goals adopted by the United Nations: Acquisition of BNA Building Products increases Westlake’s position to provide durable products to support economical and efficient housing to m
Slide 13: Value Creation from BNA Acquisition
Value Creation from BNA Acquisition Adds significant scale and product diversification to broaden Westlake’s leading building products business Consistent with Westlake’s vertical integration strategy enhancing margin stability and downstream products Increases portion of Westlake earnings attributa
Slide 14: Safe Harbor Language; Investor Relations Contacts
Safe Harbor Language Investor Relations Contacts Westlake Chemical 2801 Post Oak Boulevard, Suite 600 Houston, Texas 77056 713-960-9111 Steve Bender Executive Vice President & Chief Financial Officer Jeff Holy Vice President & Treasurer The statements in this presentation that are not historical sta
Slide 15: Westlake Chemical
W Westlake Chemical
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