Huntsman Highlights Growth Strategy and Financial Targets at Investor Day

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Huntsman Corporation has hosted its Investor Day at the New York Stock Exchange where the company provided an in-depth overview of the Company’s growth strategy and financial targets.

Peter R. Huntsman, Chairman, President, and CEO, commented: “Since 2016, Huntsman has significantly improved our operational and financial profile across our business lines. Together with governance and ESG enhancements as well as a new $1 billion share repurchase authorization, Huntsman is well-positioned to achieve our next set of strategic objectives, which include growing an even more differentiated portfolio, improving our EBITDA margin, generating free cash flow above 40%, maintaining an investment-grade balance sheet and returning capital to shareholders. We look forward to executing on this strategy and creating shareholder value.”

Highlights of the presentation emphasize the Company’s goals including —

Focus on improved Adjusted EBITDA Margins and Free Cash Flow Conversion:

  • Guiding to 2022 Adjusted EBITDA of ~$1.4 billion and free cash flow conversion above 40%
  • Post-2022 financial targets of 18-20% Adjusted EBITDA margin
  • Measurable and specific cost optimization plans and synergy savings
  • Investment in high margin, high returns projects; and
  • Strategic bolt-on M&A consistent with maintaining an investment grade balance sheet

Strong Financial Performance Creates a Compelling Investment Opportunity:

  • Poised to drive continued margin expansion
  • Strong cash generation and focus on shareholder value creation
  • Balanced approach to capital allocation and financial discipline
  • Investment grade balance sheet
  • Attractive dividend
  • New share repurchases of $1 billion over 3 years
  • Huntsman’s investor presentation is available at www.huntsman.com/investor-day.
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