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Westlake Growth & Investment Strategy

HIP's Economic Engine Housing & Infrastructure Core Market Drivers - Strong market position with the #1 #3 positions across most product categories • Improving housing and construction trends due to underbuilding • Favorable demographic trends Organic Growth Enhancers • Integration of recent acquisitions across a larger distribution network • Improved operating rates through increased shifts and technology investment • Enhanced branding at the business and product level • Expanding compounding capacity in growing markets . Inorganic Growth Opportunities Penetrating new end markets and adjacencies through acquisitions Applying Westlake's disciplined and opportunistic M&A approach across a fragmented industry • • Margin Enhancers Producing recycled flexible PVC and TPE compounds provides margin benefits • Delivering on cost synergies from acquisitions • High-valued compounding capacity • Improved PVCO margins • Lowering cost per unit through automation and throughput Financial Outputs High teens EBTIDA margin • FCF generation improvement • Reinvestment in production and product innovation 73 33 Westlake
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