Huntsman Corporation · NYSE:HUN

Huntsman — Q3 2025 Earnings Presentation

16 slides from Huntsman's earnings presentation, Nov 7, 2025

  1. Slide 1: 3Q25 Earnings Summary

    3Q25 Earnings Summary November 6, 2025 1

  2. Slide 2: 3rd Quarter 2025 Earnings Summary Conference Call

    3rd Quarter 2025 Earnings Summary Conference Call Friday, November 7, 2025 10:00 a.m. ET Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=FbX1HK73 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

    3Q25 Earnings Summary Highlights ($ in millions, except per share amounts) 3Q25 3Q24 Revenues $ 1,460 $ 1,540 Net loss attributable to Huntsman Corporation $ (25) $ (33) Adjusted net (loss) income $ (5) $ 17 Diluted loss per share $ (0.14) $ (0.19) Adjusted diluted (loss) income per share $ (0.03) $

  5. Slide 5: Polyurethanes

    3Q25 Earnings Summary Polyurethanes Revenues Adjusted EBITDA 3Q 2025 LTM $3.8B $, in millions $, in millions Adjusted EBITDA Margin Sales Revenue $1,003 $76 $956 $171M Adj. EBITDA $48 8% 5% 5% Adj. EBITDA Margin 3Q25 3Q24 3Q25 3Q24 Highlights 4Q25 Outlook 3Q 2025 Y/Y Change  Volumes increased 4% ye

  6. Slide 6: Performance Products

    3Q25 Earnings Summary Performance Products Revenues Adjusted EBITDA 3Q 2025 LTM $1.0B $, in millions $, in millions Adjusted EBITDA Margin $400 Sales Revenue $350 $280 $42 $246 $114M $300 $250 Adj. EBITDA $200 $29 15% 11% $150 Adj. EBITDA Margin 12% $100 $50 $0 3Q25 3Q24 3Q25 3Q24 Highlights 4Q25 Ou

  7. Slide 7: Advanced Materials

    3Q25 Earnings Summary Advanced Materials Revenues Adjusted EBITDA 3Q 2025 LTM $1.0B $, in millions $, in millions Adjusted EBITDA Margin $47 Sales Revenue $400 $44 $350 $265 $261 $162M $300 $250 Adj. EBITDA $200 17% 18% 16% $150 $100 Adj. EBITDA Margin $50 $0 3Q25 3Q24 3Q25 3Q24 Highlights 4Q25 Outl

  8. Slide 8: Revenue Bridge

    3Q25 Earnings Summary Revenue Bridge Year / Year Quarter / Quarter $, in millions $, in millions $9 $16 $18 $23 ($32) ($112) $1,540 $1,458 $1,460 $1,460 (1) (2) (2) (1) (2) (2) 3Q24 Revenue Volume Price & Mix FX 3Q25 Revenue 2Q25 Revenue Volume Price & Mix FX 3Q25 Revenue (1) Excludes sales volumes

  9. Slide 9: Adjusted EBITDA Bridge – By Division

    3Q25 Earnings Summary Adjusted EBITDA Bridge – By Division Year / Year Quarter / Quarter $, in millions $, in millions $7 $17 $7 ($28) ($13) ($3) ($3) ($1) $131 $94 $94 $74 3Q24 Adjusted Polyurethanes Performance Advanced Corporate and 3Q25 Adjusted 2Q25 Adjusted Polyurethanes Performance Advanced C

  10. Slide 10: Cash Flow and Liquidity Considerations

    3Q25 Earnings Summary Cash Flow and Liquidity Considerations Commentary Earnings and Cash Flow 3Q24 3Q25 2024 LTM Adjusted EBITDA $131 $94 $414 $311  Balance sheet with $1.4 billion of liquidity at the close of the quarter Cash Flow From Operations $134 $200 $285 $380  Net debt unchanged from a ye

  11. Slide 11: Cost Realignment Plans

    3Q25 Earnings Summary Cost Realignment Plans Delivery of ~$100M Run Rate Benefits Targeted by End of 2026 Annualized Run Rate Commentary 180 Program Highlights 160 Targeted Run Rate Benefits ~$100M 140 ~$80M 3Q25 Annualized Run Rate 120 ~$100M 100 Site Closures Announced: Expected Restructuring Cash

  12. Slide 12: 2025 Action Priorities and Key Initiatives

    3Q25 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: 4Q25 Outlook Summary

    3Q25 Earnings Summary 4Q25 Outlook Summary 4Q25 Adjusted EBITDA Polyurethanes $20M – $35M Performance Products $15M – $20M Advanced Materials $30M – $35M Corporate ~($40M) Total ~$25M – $50M Underlying 4Q25 Guidance Assumptions  Market conditions remain challenged; expect seasonal volume decline 

  14. Slide 14: 2025 Additional Modeling Considerations

    3Q25 Earnings Summary 2025 Additional Modeling Considerations Adjusted EBITDA/ Income Statement Cash Flow Full Year Corporate & Other ~$140M Dividends from Equity Affiliates ~$80M Headwind YoY Cost Savings Program Benefit ~$75M(1) Pension Contributions Similar to 2024 Interest Expense Similar to 202

  15. Slide 15: Financials and Reconciliation

    3Q25 Earnings Summary Financials and Reconciliation USD In millions 1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 3Q25 LTM Segment Revenues: Polyurethanes $ 991 $ 1,012 $ 967 $ 895 $ 3,865 $ 926 $ 1,001 $ 1,003 $ 970 $ 3,900 $ 912 $ 932 $ 956 $ 3,770 Performance Products 334 307 2

  16. Slide 16: Financials and Reconciliation

    3Q25 Earnings Summary Financials and Reconciliation USD In millions 1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 3Q25 LTM Net income (loss) $ 166 $ 31 $ 15 $ (59) $ 153 $ (23) $ 38 $ (17) $ (125) $ (127) $ 11 $ (145) $ (11) $ (270) Net income attributable to noncontrolling intere

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