Westlake Growth & Investment Strategy
Macro Trends Driving Demand for Westlake's
Performance and Building Products
1 Westlake's "Core" business is benefitting from strong macro trends in demand and structural undersupply in higher margin products
•
Structural up-shift in demand in housing and construction activity driving PVC and building material growth
•
Consumer demand for wind energy, light weighting, coatings, adhesives, electrification, and packaging solutions
2 The acquisitions in 2021 and 2022 bring value-added products and market leading positions with higher margins in both new and
existing markets
Epoxy
Segment
PEM
Benefitting from mega trends in wind energy, light weighting,
electrification and construction
+$3.8B of
Lasco Fittings
HIP
acquisitions
during 2021
Boral North America
HIP
Benefitting from electrification trends coupled with increased spending
from the U.S. infrastructure bill on water transmission
Structural underbuilding coupled with work from home and
demographic trends strongly support growth in housing demand
and Q1 2022
Dimex
HIP
Recycled materials and customer oriented sustainable products drive
value added growth
96
96
Strongly Positioned for Future Growth
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