Westlake (WLK) Investor presentation summary

Strategic positioning and market leadership

• Holds leading positions in North American building products and global performance materials, with a low-cost, vertically integrated model supporting margin stability and growth across cycles.

• Maintains #1 or #2 market share in key segments such as PVC compounds, pipe, roofing, stone veneer, and specialty epoxies.

• Integration from feedstock to final product enables margin capture and resilience to market volatility.

Financial performance and balance sheet strength

• Reported $12.1B in sales and $2.3B EBITDA for the LTM ending June 30, 2024, with a 19% EBITDA margin and $0.9B net income.

• Net debt to EBITDA stands at 0.84x, with ~$4.5B in liquidity and a 15-year average debt maturity.

• Strong cash flow conversion (80%) and disciplined capital allocation support ongoing investment and M&A.

Segment performance and growth drivers

• Housing & Infrastructure Products (HIP) generated $4.3B in revenue with a 25% EBITDA margin; Performance & Essential Materials (PEM) delivered $7.8B in revenue at a 15% margin.

• HIP segment saw 14% sequential and 7% YoY sales growth in Q2 2024, driven by higher pipe, fittings, and siding sales.

• PEM segment EBITDA rose 55% sequentially in Q2 2024 due to higher average sales prices, despite a YoY decline from lower prices.