Huntsman Corporation · NYSE:HUN
Huntsman — Q2 2026 Earnings Presentation
18 slides from Huntsman's earnings presentation, Jul 31, 2026
Slide 1: 2Q26 Earnings Summary
2Q26 Earnings Summary July 30, 2026 1
Slide 2: Earnings Summary
2nd Quarter 2026 Earnings Summary Conference Call Friday, July 31, 2026 10:00 a.m. ET Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=r4UuXqgQ Participant dial-in numbers: Domestic callers: (877) 402-8037 International callers: (201) 378-4913 2
Slide 3: 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, obje
Slide 4: Additional Disclosures
Additional Disclosures Additional Information and Where to Find It This presentation may be deemed to be solicitation material in respect of the proposed transaction between Olin Corporation (“Olin”) and Huntsman Corporation (“Huntsman”). In connection with the proposed transaction, Olin and Huntsma
Slide 5: Overview
2Q26 Earnings Summary Overview ($ in millions, except per share amounts) 2Q26 2Q25 Revenues $ 1,663 $ 1,458 Net loss attributable to Huntsman Corporation $ (6) $ (158) Adjusted net income (loss) $ - $ (34) Diluted loss per share $ (0.03) $ (0.92) Adjusted diluted income (loss) per share $ - $ (0.20)
Slide 6: Polyurethanes
2Q26 Earnings Summary Polyurethanes Revenues Adjusted EBITDA 2Q 2026 LTM $3.9B $, in millions $, in millions Adjusted EBITDA Margin Sales Revenue $1,079 $66 $932 $178M Adj. EBITDA $31 6% 3% 5% Adj. EBITDA Margin 2Q26 2Q25 2Q26 2Q25 Highlights 3Q26 Outlook 2Q26 Y/Y Change Volumes increased 4% year-
Slide 7: Performance Products
2Q26 Earnings Summary Performance Products Revenues Adjusted EBITDA 2Q 2026 LTM $1.0B $, in millions $, in millions Adjusted EBITDA Margin $400 $37 Sales Revenue $32 $350 $283 $270 $108M $300 $250 Adj. EBITDA 13% $200 11% $150 Adj. EBITDA Margin 12% $100 $50 $0 2Q26 2Q25 2Q26 2Q25 Highlights 3Q26 Ou
Slide 8: Advanced Materials
2Q26 Earnings Summary Advanced Materials Revenues Adjusted EBITDA 2Q 2026 LTM $1.1B $, in millions $, in millions Adjusted EBITDA Margin $400 $64 Sales Revenue $350 $313 $264 $45 $189M $300 Adj. EBITDA 20% $250 $200 17% 17% $150 $100 Adj. EBITDA Margin $50 $0 2Q26 2Q25 2Q26 2Q25 Highlights 3Q26 Outl
Slide 9: Revenue Bridge
2Q26 Earnings Summary Revenue Bridge Year / Year Quarter / Quarter $, in millions $, in millions $28 $137 $118 ($6) $112 $59 $1,663 $1,663 $1,458 $1,420 (1) (2) (2) (2) (2) 2Q25 Revenue Volume Price & Mix FX 2Q26 Revenue 1Q26 Revenue Volume Price & Mix FX 2Q26 Revenue (1) Excludes sales volumes of b
Slide 10: Adjusted EBITDA Bridge – By Division
2Q26 Earnings Summary Adjusted EBITDA Bridge – By Division Year / Year Quarter / Quarter $, in millions $, in millions $19 $19 $5 $11 $35 ($13) ($10) $27 $120 $120 $74 $73 2Q25 Adjusted Polyurethanes Performance Advanced Corporate and 2Q26 Adjusted 1Q26 Adjusted Polyurethanes Performance Advanced Co
Slide 11: Cost Realignment Plans
2Q26 Earnings Summary Cost Realignment Plans Delivery of >$100M Run Rate Benefits Cumulative In Year Savings Commentary 140 >$120M Program Highlights ~$120M >$100M 2Q26 120 Annualized Run Rate Targeted Run Rate Benefits ~$100M 100 80 Site Closures Announced: Expected Restructuring Cash Costs ~$90M 6
Slide 12: Cash Flow and Liquidity Considerations
2Q26 Earnings Summary Cash Flow and Liquidity Considerations Commentary Earnings and Cash Flow 2Q25 2Q26 2025 LTM Adjusted EBITDA $74 $120 $275 $322 Balance sheet with $0.9 billion of liquidity at the close of the quarter Cash Flow From Operations $92 ($60) $298 $164 Net debt leverage declined t
Slide 13: 3Q26 Outlook Summary
2Q26 Earnings Summary 3Q26 Outlook Summary 3Q26 Adjusted EBITDA Polyurethanes $60M – $75M Performance Products $25M – $35M Advanced Materials $55M – $60M Corporate ~($40M) Total ~$100M – $130M Underlying 3Q26 Guidance Assumptions • Raw material volatility continues, with significant increase in glob
Slide 14: Olin-Huntsman Merger of Equals Transaction Update
2Q26 Earnings Summary OlinHuntsman Merger of Equals Transaction Update TRANSACTION OVERVIEW PATH TO CLOSE — KEY MILESTONES & STATUS All stock Merger of Equals Jun 15-16, 2026 Jul 2, 2026 Jul 8, 2026 Jul 13, 2026 Aug 25, 2026 2H'26–1H'27 1H 2027 As of July 30, 2026 Creates a vertically-integrated
Slide 15: Appendix
Appendix 15
Slide 16: 2026 Additional Modeling Considerations
2Q26 Earnings Summary 2026 Additional Modeling Considerations Adjusted EBITDA/ Income Statement Cash Flow Full Year Corporate & Other ~$165M(1) Dividends from Equity Affiliates ~$10M Headwind YoY Cost Savings Program Benefit >$50M(2) Cash Taxes ~$40M Tailwind YoY(3) Interest Expense ~Similar to 2025
Slide 17: Financials and Reconciliation
2Q26 Earnings Summary Financials and Reconciliation USD In millions 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 4Q25 FY25 1Q26 2Q26 2Q26 LTM Segment Revenues: Polyurethanes $ 926 $ 1,001 $ 1,003 $ 970 $ 3,900 $ 912 $ 932 $ 956 $ 897 $ 3,697 $ 923 $ 1,079 $ 3,855 Performance Products 291 299 280 239 1,10
Slide 18: Financials and Reconciliation
2Q26 Earnings Summary Financials and Reconciliation USD In millions 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 4Q25 FY25 1Q26 2Q26 2Q26 LTM Net (loss) income $ (23) $ 38 $ (17) $ (125) $ (127) $ 11 $ (145) $ (11) $ (82) $ (227) $ (41) $ 7 $ (127) Net income attributable to noncontrolling interests (14)