Slides [PDF, 465.59 Kb] - Tessenderlo Group

Transaction criteria met
Western European PVC Competitive
Positioning
Right home for these businesses
Commodity Specialty
3
2.5
2
1.5
1
0.5
0
‘Marginal
Zone’
Higher
Cost Position
[Ineos ChlorVinyls]
Lower
Clear leader with lowest cost position
Well invested assets with room to grow
Excellent geographic complementarity
Right deal for the group
Clean exit from group’s commodity
businesses
Increased financial flexibility
Management time freed up to focus
on growing specialty portfolio
Source: Tessenderlo Group management estimates
7
Tessenderlo Group exits commodities and transforms into a global specialty group