Westlake Growth & Investment Strategy
Investing with Discipline in Our Strong Operations
10-year Average ROCE & ROA (2012-2021)
10-year Investment Summary
25%
20%
15%
10%
5%
0%
•
Return on Capital Employed
■Westlake Total Company
■Chemical Peers
Improved Feedstock
Advantage
Chlorovinyls
Capacity Expansion
High Growth &
Sustainable
Products
Return on Assets
Lake Charles, LA
ethylene expansions
• Calvert City, KY
ethylene expansions
• LACC Lake Charles
ethylene investment
.
Geismar chlor-alkali
investment
•
•
Geismar PVC/VCM
expansions
• Calvert City PVC facility
expansions
• German expansion of
chlor-alkali, VCM and
specialty PVC
•
Epoxy acquisition
Increased investment
in specialty
polyethylene
Increased investment
in specialty PVC
Westlake Continuous Improvement
Continuous improvements in cost position and reliability
drive a significant amount of annual savings
Digital innovations further refine and optimize operations
and provide incremental savings
•
Axiall acquisition
10-year Average ROCE of 16% Well Above Chemical Peer Group of 12%
Westlake
48
Source: Bloomberg, Chemical peers includes: EMN, HUN, OLN, LYB, DOWView entire presentation