Financial Data and Key Metrics Changes - Adjusted EBITDA increased by $116 million to $415 million, a 44% improvement compared to Q1 2021, with a sequential improvement of $66 million or 19% [36] - Adjusted earnings per share rose to $1.19 from $0.65 in Q1 2021, reflecting strong financial performance [46] - Free cash flow was positive despite over $200 million of working capital inflation due to rising raw materials and energy prices [42] Business Line Data and Key Metrics Changes - Polyurethanes division reported adjusted EBITDA of $224 million, an 8% increase year-over-year, with revenues growing by 30% primarily due to price increases [6] - Performance Products achieved adjusted EBITDA of $146 million, a 57% increase in revenues, with adjusted EBITDA margins rising to 30% [18] - Advanced Materials reported adjusted EBITDA of $67 million, the strongest quarter in the division's history, with a 20% adjusted EBITDA margin [25] - Textile Effects division's adjusted EBITDA was $28 million, 12% above the prior year, with a record margin of 14% [31] Market Data and Key Metrics Changes - Volumes growth in the Americas region was 7%, followed by Asia at 4% and Europe at 2% [7] - The company expects to be negatively impacted in Asia, specifically China, due to government-mandated lockdowns [8] - The European market remains stable despite the ongoing war in Ukraine, with demand driven by construction and adhesives [8] Company Strategy and Development Direction - The company is focused on a value-over-volume strategy, aiming to enhance margins by upgrading to higher-value products [12] - Strategic investments include the new MDI splitter in Geismar, Louisiana, expected to add $45 million of annual EBITDA by 2024 [13] - The company is pursuing targeted capital investments in polyurethane catalysts and differentiated chemicals for electric vehicles and semiconductors [22] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about overall demand due to geopolitical tensions, inflation, and COVID-related lockdowns in China [70] - Despite challenges, management remains optimistic about maintaining strong margins and pricing power [73] - The company expects second quarter adjusted EBITDA for polyurethanes to be in the range of $210 million to $230 million [17] Other Important Information - The company has a strong balance sheet with total liquidity of $2.3 billion and net debt leverage of 0.5x [45] - A dividend increase of $0.10 per share or 13% was announced during the first quarter [46] - The company plans to repurchase approximately $1 billion of shares in 2022, with a total return of capital to shareholders expected to be around 15% [47] Q&A Session Summary Question: Can you talk about the aerospace recovery? - Management indicated that the aerospace segment is recovering, currently at a $60 million run rate, with expectations to return to pre-COVID levels by the end of next year [58][60] Question: Are you more optimistic about Performance Products' long-term targets? - Management leans towards a long-term margin target of 25% rather than 20%, citing strong demand and pricing discipline [62][64] Question: How should we think about the second half of the year? - Management believes the second half could be as strong or stronger than the first half, but expressed concerns about overall demand and potential impacts from China [68][70] Question: Can you discuss MDI manufacturing competitiveness in Europe? - Management feels confident about their position in the Netherlands, benefiting from renewable energy sources and a strong customer base [75][76] Question: Will you consider adding capacity moving forward? - Management is focused on internal projects for efficiency rather than large greenfield investments, preferring to upgrade existing capacities [81][119]

Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | | | State of | | | --- | --- | --- | --- | | Commission | Exact Name of Registrant as Specified in its Charter, | Incorporation | I.R.S ...

Financial Highlights - The company's Q4 2021 revenues reached $2307 million, compared to $1668 million in Q4 2020[7] - Adjusted EBITDA for Q4 2021 was $349 million, up from $240 million in Q4 2020[7] - Free cash flow from continuing operations was $698 million in Q4 2021, significantly higher than the $88 million in Q4 2020[7] - Full year 2021 adjusted EBITDA reached $1343 million, compared to $647 million for the full year 2020[7] Segment Performance - Polyurethanes revenue increased by 35% year-over-year, reaching $1393 million in Q4 2021[9] - Performance Products revenue increased by 55% year-over-year, reaching $410 million in Q4 2021[14] - Advanced Materials revenue increased by 53% year-over-year, reaching $317 million in Q4 2021[18] - Textile Effects revenue increased by 13% year-over-year, reaching $195 million in Q4 2021[21] Outlook and Strategy - The company is targeting ~$240 million in run rate benefits from cost realignment and synergy plans by the end of 2023[23] - The company estimates Q1 2022 adjusted EBITDA to be between $350 million and $380 million[29] - The company repurchased ~7 million shares for ~$203 million in H2 2021, including ~3 million shares repurchased in Q4 2021[28]

Huntsman Corporation (NYSE:HUN) Q4 2021 Earnings Conference Call February 15, 2022 10:00 AM ET Company Participants Ivan Marcuse - VP, IR Peter Huntsman - Chairman, President and CEO Phil Lister - EVP and CFO Conference Call Participants Robert Koort - Goldman Sachs Aleksey Yefremov - KeyBanc Capital Markets Angel Castillo - Morgan Stanley David Begleiter - Deutsche Bank Hassan Ahmed - Alembic Global Advisors Frank Mitsch - Fermium Research Mike Leithead - Barclays John Roberts - UBS Kevin McCarthy - Vertic ...

Acquisition and Expansion - Huntsman Corporation completed the acquisition of Gabriel Performance Products for approximately $249 million on January 15, 2021, integrating it into the Advanced Materials segment[39]. - The company has made several "bolt-on" acquisitions to expand its downstream footprint and align with strategic growth objectives[58]. Financial Performance and Costs - The company redeemed €445 million (approximately $541 million) of its 5.125% senior notes due 2021, incurring a cash tax liability of approximately $15 million related to foreign currency exchange gains[39]. - Raw material costs constitute a significant percentage of production costs, with supply contracts in place to manage procurement[104]. - Raw material costs constitute a significant percentage of sales for certain applications, with no single raw material exceeding 7% of expenditures[128]. - Capital expenditures for environmental, health, and safety (EHS) matters totaled $45 million in 2021, with an estimated $65 million planned for 2022[144]. - The company has incurred capital expenditures for EHS matters of $28 million in 2020 and $42 million in 2019[144]. Production and Capacity - Huntsman operates three major polyurethane manufacturing facilities in the U.S., Europe, and China, along with 29 strategically located downstream facilities[42]. - The total annual production capacity of polyurethane chemicals across select facilities is 2,921 million pounds for MDI, 593 million pounds for polyols, and 131 million pounds for TPU[60]. - The Performance Products segment has a total production capacity of 884 million pounds for amines and 571 million pounds for maleic anhydride across 10 manufacturing locations[82]. Product Offerings and Market Focus - Huntsman produces over 2,800 distinct MDI-based polyurethane products, which are increasingly replacing traditional products across various end-use markets[43]. - The company markets polyurethane chemicals to over 7,500 customers in more than 95 countries, focusing on key end-use markets such as automotive, insulation, and coatings[56]. - The Advanced Materials segment is a leading global manufacturer of advanced polymer products, focusing on customer-specific needs across various industries[90]. - Advanced Materials products are used in applications requiring high performance, such as lightweight materials in aerospace and automotive sectors[90]. - The company serves over 2,400 customers in end markets including aerospace, automotive, oil and gas, and construction[91]. Research and Development - Huntsman has a world-scale integrated polyurethane formulations facility and a research and development campus in China to support the growing demand in the region[44]. - The company maintains approximately 3,080 unexpired patents and has about 1,055 pending patent applications[132]. - The company has approximately 4,600 trademark registrations and 395 pending trademark applications globally[135]. Environmental and Regulatory Considerations - The EU has set a binding target to reduce domestic GHG emissions by at least 40% below 1990 levels by 2030 and to increase the share of renewable energy to at least 32% of the EU's energy consumption by 2030[148]. - The European Commission proposed legislation to increase the GHG emission reduction target to at least 55% and the renewable energy target to 40%[148]. - The U.S. aims to reduce global methane emissions at least 30% below 2020 levels by 2030 as part of the Global Methane Pledge[149]. - Domestic efforts to curb GHG emissions are led by the U.S. EPA's GHG regulations, which may increase capital and operating costs for new or expanded facilities[150]. - Potential future GHG emission restrictions could lead to increased energy costs and direct compliance costs, although current financial impacts are not estimable[152]. - Increasing concentrations of GHGs may lead to significant climate changes, potentially adversely affecting assets and operations[153]. Market Risks and Management - The company is exposed to market risks, including changes in interest rates, foreign exchange rates, and commodity prices[325]. - The company engages in transactions involving derivative instruments to manage market risk exposures[325]. - The company hedges its net investment in certain European operations to mitigate foreign exchange rate risk[327]. - The company monitors commodity price risks and employs hedging activities to manage these risks[328]. Customer Relations and Service - The company has strategically located downstream polyurethane systems houses to enhance customer support and technical service, contributing to customer retention[57]. - The company emphasizes multiple routes to market, including direct sales and specialized distribution, to efficiently reach a diverse customer base[100]. - The company operates 12 technical services laboratories globally, enhancing customer service speed and flexibility[126]. - The company maintains long-standing relationships with customers, which is critical for sales and marketing success[101]. Competitive Landscape - The company competes in the polyurethane chemicals market by emphasizing customer support and innovative solutions, differentiating itself from competitors like BASF and Dow[67]. - The competitive landscape includes major players like 3M, BASF, and Henkel, with a focus on product performance and innovation[106].

Huntsman Corporation (NYSE:HUN) Q3 2021 Earnings Conference Call October 29, 2021 10:00 AM ET Company Participants Ivan Marcuse - VP, IR Peter Huntsman - Chairman, President and CEO Phil Lister - EVP and CFO Tony Hankins - President, Polyurethanes Conference Call Participants Frank Mitsch - Fermium Research Bob Koort - Goldman Sachs Mike Sison - Wells Fargo Hassan Ahmed - Alembic Global David Begleiter - Deutsche Bank Kevin McCarthy - Vertical Research Partners Matthew DeYoe - Bank of America Mike Harrison ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | | | State of | | | --- | --- | --- | --- | | Commission | Exact Name of Registrant as Specified in its Charter, | Incorporation | I ...

HUNTSN Enriching lives through innovation Earnings Summary Third Quarter 2021 Conference Call Friday, October 29, 2021 10:00 a.m. ET Webcast link: https://78449.themediaframe.com/dataconf/productusers/hun/mediaframe/46827/indexl.html Participant dial-in numbers: Domestic callers: (877) 402-8037 International callers: (201) 378-4913 General Disclosure 1 This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exc ...

Financial Performance - Revenues from continuing operations for the six months ended June 30, 2021, were $3,861 million, a 36% increase from $2,840 million in 2020[163] - Revenues for Q2 2021 reached $2,024 million, a 62% increase compared to $1,247 million in Q2 2020[173] - Revenues for the six months ended June 30, 2021 increased by $1,021 million, or 36%, compared to the same period in 2020, attributed to higher sales volumes and average selling prices[198] - Total revenues for the six months ended June 30, 2021, were $3,861 million, a 36% increase from $2,840 million in the same period of 2020[199] Profitability - Gross profit for the three months ended June 30, 2021, was $431 million, a 166% increase compared to $162 million in the same period of 2020[172] - Gross profit for Q2 2021 was $431 million, reflecting a 166% increase from $162 million in Q2 2020[173] - Gross profit for the six months ended June 30, 2021 increased by $364 million, or 79%, compared to the 2020 period[198] - Adjusted EBITDA for Q2 2021 was $336 million, a 500% increase from $56 million in Q2 2020[174] - Total adjusted EBITDA for Huntsman Corporation was $623 million, a 184% increase from $219 million in the same period of 2020[199] Income and Expenses - Operating income for the six months ended June 30, 2021, was $335 million, compared to a loss of $15 million in the same period of 2020[172] - Operating income for Q2 2021 was $211 million, compared to a loss of $68 million in Q2 2020, indicating a significant turnaround[173] - Net income for Q2 2021 was $173 million, compared to a loss of $59 million in Q2 2020, marking a substantial improvement[173] - Net income for the six months ended June 30, 2021, was $272 million, a decrease from $649 million for the same period in 2020[175] - Adjusted net income for the six months ended June 30, 2021, was $338 million, compared to $35 million for the same period in 2020[175] Cash Flow and Investments - Net cash used in investing activities was $(369) million for the six months ended June 30, 2021, compared to $1,152 million in the same period of 2020[172] - Free cash flow from continuing operations for the six months ended June 30, 2021, was $(197) million, compared to $(71) million for the same period in 2020[175] - Net cash used in operating activities was $(23) million for the six months ended June 30, 2021, compared to $45 million in the same period of 2020[209] - Cash and cash equivalents decreased by 69% to $510 million as of June 30, 2021, from $1,593 million at the end of 2020[213] Capital Expenditures - Capital expenditures increased by 50% to $(174) million for the six months ended June 30, 2021[172] - Capital expenditures from continuing operations were $174 million, up 50% from $116 million in the same period last year[173] - Capital expenditures for 2021 are expected to be approximately $355 million to $360 million, including about $100 million for a new MDI splitter in Geismar, Louisiana[229] Debt and Financing - The company completed a $400 million offering of its 2031 Senior Notes and used the proceeds to redeem its 2022 Senior Notes[164] - The company recognized a loss on early extinguishment of debt amounting to $21 million for the six months ended June 30, 2021[175] - Loss on early extinguishment of debt for the three months ended June 30, 2021 was $27 million, compared to nil in the 2020 period, due to the full redemption of 2022 Senior Notes[46] Market Trends and Expectations - The company expects improving trends across all markets, including aerospace, compared to the prior year[171] - Management expects to achieve annualized cost savings and synergy benefits of more than $120 million by the end of 2023, with associated net cash restructuring costs of approximately $100 million[229] - The company is exposed to market risks including changes in interest rates, foreign exchange rates, and commodity prices, and engages in transactions to manage these exposures[230] Taxation - The adjusted effective tax rate for 2021 is expected to be approximately 22% to 24%[168] - The income tax expense for Q2 2021 was $41 million, compared to a benefit of $13 million in Q2 2020, indicating a shift in tax position[173] - Income tax expense for the three months ended June 30, 2021 increased to $42 million from an income tax benefit of $13 million in the 2020 period, primarily due to increased pretax income[46]

Huntsman Corporation (NYSE:HUN) Q2 2021 Earnings Conference Call July 30, 2021 10:00 AM ET Company Participants Ivan Marcuse - Vice President, Investor Relations Peter Huntsman - Chairman, President & Chief Executive Officer Phil Lister - Executive Vice President & Chief Financial Officer Tony Hankins - President, Polyurethanes Conference Call Participants Frank Mitsch - Fermium Research Angel Castillo - Morgan Stanley Bob Koort - Goldman Sachs Hassan Ahmed - Alembic Global Mike Leithead - Barclays David Be ...