2/23/2022

speaker
Conference Operator
Call Moderator

Good morning, ladies and gentlemen, and welcome to the Element Solutions Q4 and full year 2021 financial results conference call. Later, you will have an opportunity to ask questions during the question and answer session. You may register to ask a question at any time by pressing the star and one on your touchtone phone. You may withdraw yourself from the queue by pressing the pound key. Please note, this call may be recorded. I would now like to turn the call over to Varun Gokhan, Senior Director of Strategy and Finance. Please go ahead.

speaker
Varun Gokhan
Senior Director of Strategy and Finance

Good morning, and thank you for participating on our fourth quarter and full year 2021 earnings conference call. Joining me this morning are our Executive Chairman, Sir Martin Franklin, CEO, Ben Glicklich, and our CFO, Kerry Dorman. In accordance with Regulation FD or fair disclosure, we are webcasting this conference call. Any redistribution, retransmission, or rebroadcast of this call in any form without the express written consent of Element Solutions is strictly prohibited. During today's call, we will make certain forward-looking statements that reflect our current views about the company's future performance and financial results. These statements are based on assumptions and expectations of future events that are subject to risks and uncertainties. Please refer to our earnings release, supplemental slides, and most recent SEC filings for a discussion of material risk factors that could cause actual results to differ from our expectations and predictions. These materials can be found on the company's website in the Investor section under News and Events. Today's materials also include financial information that has not been prepared in accordance with U.S. GAAP. Please refer to the earnings release and supplemental slides for definitions and reconciliations of these non-GAAP measures to comparable GAAP financial measures. It is now my pleasure to introduce Sir Martin Franklin, Executive Chairman of Element Solutions. Thank you, Varun, and good morning, everybody.

speaker
Sir Martin Franklin
Executive Chairman

Thank you for joining. Today, we're reporting results from another outstanding year for Element Solutions. This is a company hitting its stride in terms of execution, capital allocation, and culture. In the three years of our journey as Element Solutions, this company has faced and managed through a myriad of headwinds, from COVID-related disruptions to supply chain issues. These experiences have both forged this leadership team's capabilities and proven them out. And the results have been very good. Today we reported adjusted EPS that delivers on our initial five-year commitment in just three years. The leadership team is delivering for shareholders with a focus on long-term strategic breakthroughs without taking its eye off meeting its short-term commitments. We've outgrown our markets through strong execution. We have driven operating leverage on that growth through a thoughtful approach to cost and investment. That solid execution and prudent strategic capital allocation has compounded earnings per share at a 27% CAGR over three years. Underpinning this financial performance is a highly motivated culture that the leadership team has created and which fostered balancing ambitious goal setting, delivering on commitments, and caring for all stakeholders. This culture is a solid foundation for continued outperformance. Our company has made enormous strides in a relatively short period of time. This is a uniquely positioned business that generates industry-leading returns on assets that we believe have not yet been properly appreciated by the market. Its growth requires relatively low capital investment, and it is positioned in some of the most exciting addressable markets in the specialty chemicals arena. We're very much looking forward to providing a more granular outline of the opportunities for growth at tomorrow's Investor Day. I'm looking forward to seeing many of you there. With that introduction, let me turn the call over to Ben to take you through the quarter and year in more detail. Ben?

Disclaimer

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