Westlake Growth & Investment Strategy
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61
$500
$400
$300
$200
$100
$0
1996
1997
1998
1999
2000
2001
2002
2003
Source: Harvard JCHS and U.S. Bureau of the Census
2004
•
2,500
Favorable demographics with increasing number of U.S. population to be in
peak household formation years
2,000
Underbuilding of homes since 2007-2009 financial recession creates
significant cumulative deficit in available homes today
1,500
1,000
Impact from COVID-19 pandemic increasing preferences for single family
housing and enhanced indoor and outdoor living environment
Increased work flexibility drives demand for single family homes
500
0
U.S. Repair and Remodel Expenditures ($B)
Demographics Support Favorable Housing Trends
•
Secular trends to drive U.S. housing demand growth, which will
benefit Westlake's Building Products and our PVC businesses:
Annual U.S. Housing Starts (Thousands)
Over Decade of Underbuilding
Supports Strong Future Demand
CAGR 5.1%
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022E
50,000
48,000
46,000
44,000
42,000
40,000
38,000
Expect Continued Growth in Repair and Remodel Spend and Housing Starts
2000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
50-Year Average
U.S. Population Age 35-44 (Thousands): Peak Household Formation Years
Demographics Support Continued Housing
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022E
Demand Growth
2023E
2024E
2025E
2026E
2027E
2028E
2029E
Westlake
2030E
2013
2014
2015
2016
2017
2018
2019
2020
2021View entire presentation