Westlake Growth & Investment Strategy
23
$500
$400
$300
$200
$100
$0
1996
1997
1998
1999
2000
2001
2002
2003
Source: Harvard JCHS and U.S. Bureau of the Census
2004
• Favorable demographics with increasing portion of U.S. population
in peak household formation years
2,000
1,500
• Underbuilding of homes since 2007-2009 financial recession creates
significant cumulative deficit in available homes today
Impact from COVID-19 pandemic increasing preferences for single
family housing and enhanced indoor and outdoor living environment
1,000
500
0
Demographics Support Favorable Housing Trends
Secular trends to drive U.S. housing demand growth, which will benefit
Westlake's Building Products and our PVC businesses:
2,500
Annual U.S. Housing Starts (Thousands)
Over Decade of Underbuilding
Supports Strong Future Demand
U.S. Repair and Remodel Expenditures ($B)
CAGR 5.1%
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022E
48,000
46,000
44,000
42,000
40,000
38,000
Expect Continued Growth in Repair and Remodel Spend and Housing Starts
2000
50-Year Average
U.S. Population Age 35-44 (Thousands): Peak Household Formation Years
50,000
Demographics Support Continued Housing
Demand Growth
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022E
2023E
2024E
2025E
2026E
2027E
Westlake
2028E
2029E
2030E
2013
2014
2015
2016
2017
2018
2019
2020
2021View entire presentation