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Westlake Growth & Investment Strategy

Westlake's Portfolio Evolution 2016 2021 ~$5.1B in sales 21.4% EBITDA Margin Portfolio Additions Axiall Increasing PVC and chlor-alkali capacity, specialty compounds & exterior building products DaVinci Increasing specialty roofing materials exposure Boral Building Products Significantly increasing building product exposure Dimex Adding new consumer product capacity and increased green initiatives Nakan Increasing specialty PVC compounds capacity LACC Cracker Increasing ethylene ownership to further integrate low-cost production LASCO Fittings Adding market leader in small diameter PVC pipe fittings Ероху Expanding product offering into Epoxy and added new markets Organic Investments Geismar PVC expansion Strengthened Attributes Shift to margin enhancing materials in PVC, PE and Epoxy ~$12B in sales Calvert City Ethylene expansion PVC Compound Capacity expansion Gendorf, Germany PVC expansion Lake Charles Ethylene expansion Transformed HIP portfolio with market leading high value-added products Significant near-term upside in: Global structural shortage in chlorovinyls 31.4% EBITDA Margin Strong PEM demand driven by construction, industrial and manufacturing activity Strong housing and repair and remodel demand driven by a decade of underbuilding and favorable demographics Setting The Stage For Significant Growth and Value Creation 94 54 Westlake
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