4Q23 Investor Presentation
Company Overview
Cost Realignment & Synergy Plans on Track
-
Delivery of $280M Run Rate Benefits
Targeted by End of 2023
Annualized Run Rate
Announced Initiatives
Benefits
Expected
Completion
M&A Synergies & 2020
~$140M
Q1 2023
Optimization Initiatives
GBS Expansion &
Polyurethanes and Supply
~$100M
End of 2023
Chain Optimization
European Restructuring
~$40M
End of 2023
Total
GBS Global Business Services
~$280M
~$50M
Year
2020
2021
2022
2023
2024
2020
Cumulative
In Year
Impact
-$30M
~$100M $140M $220M ~$280M
$80M in year cost optimization
benefit, excluding inflation and
pension impact
~$120M
Achieved
2021
HUNTSMAN
Enriching lives through innovation
Commentary
~$280M
3Q23
~$190M
2022
2023
~$275M
Annualized Run Rate
European Restructuring on track for $40M YE
run rate benefit
Expanding GBS hubs in Costa Rica and Poland
Focused on execution across entire program in
2023 high inflationary environment
Signed transaction to exit Russia, timing highly
uncertain
On track to meet or exceed $280M annualized
run rate by year end 2023
Incremental
Europe
Restructuring
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