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.
