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
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