4Q23 Investor Presentation
Company Overview
Evolving the Portfolio through Acquisitions &
Divestitures
Acquisitions of High Margin and Differentiated Businesses
DEMILEC
April 2018
Purchase Price ~$350M
Delivers higher stable
margins pulling through
large amounts of upstream
polymeric MDI
SASOL HUNTSMAN
Enriching lives through innovation
September 2019
Purchase Price ~$100M
Maleic JV Fully integrate
our European business into
our worldwide footprint
ICYNENE LAPOLLA
February 2020
Purchase Price ~$350M
Provides Huntsman with the
largest global array of spray
foam technology
CVC Thermoset
Specialties
May 2020
Purchase Price ~$300M
Brings valuable
complementary technology
breadth to our Advanced
Materials portfolio
GABRIEL
January 2021
Purchase Price ~$250M
Enhances our
competitiveness and our
world class formulations
Divestitures of Non-Core and Commodity-based Assets -$4.3B Net Proceeds
IPO of Venator Materials
August 2017 December
2020
Net Proceeds
~$1.7B
Net Proceeds
~$1.7B
Divestiture of Chemical
Intermediates
January 2020
Sale of India DIY
Consumer Adhesives
Sale of Basel Land
December 2020
Net Proceeds
-$256M
September 2019
Proceeds $50M
Divestiture of Textile Effects
February 2023
Sale and Leaseback of
Net Proceeds
~$500M
HUNTSMAN
Enriching lives through innovation
What Acquisitions Must Have
Cost Synergies
Technology Synergies
Scalability and Commercial
Expansion
... and a Financial Profile Delivering
High Adj. EBITDA Margin
High FCF with Low Capital Intensity
Basel Facility
November 2020
Proceeds $73M
Continuously Evaluating Portfolio for Improved Shareholder Return
Risk adj. IRR greater than WACC +
Clear Premium
A Disciplined Approach, Preserving
Investment Grade Balance Sheet
4Q23 Investor Presentation |
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