A more transparent supply chain and individual traceability for every item: the strategic partnership with retraced represents another important milestone in the Marc O’Polo sustainability strategy.
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.
