Adam Trigg

Adam Trigg asked about Huntsman's potential mid-cycle earnings levels through the end of the decade, specifically if the business could return to an $800M-$900M EBITDA range and 10% margins, and sought quantification of MDI price increases being aimed for in Europe.

Answer

Peter Huntsman (Chairman, CEO and President) believes Huntsman still has the production capabilities to achieve those EBITDA levels, especially if Europe recovers industrially and U.S. housing normalizes. He stated it's too early to quantify specific MDI price increases in Europe, but the goal is to at least offset raw material increases.

Adam Trigg inquired about Huntsman's potential mid-cycle earnings levels through the end of the decade and whether the business is structurally impaired, as well as the quantification of MDI price increases targeted in Europe.

Answer

Peter Huntsman, Chairman, CEO, and President, believes Huntsman retains the production capabilities to achieve historical EBITDA levels (e.g., $800M-$900M), largely dependent on Europe's industrial recovery and normalized U.S. housing. He stated it's too early to quantify specific MDI price increases in Europe, as negotiations are ongoing, but aims to at least offset raw material increases.