{
  "docId": "019dd923-622c-750b-8b9c-e7508bf92a94",
  "docSlug": "84e240d51920",
  "documentTitle": "Huntsman Corporation (HUN)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-02-28 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 236,
  "pageCount": 238,
  "prevPage": 235,
  "nextPage": 237,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "overcrowded",
  "nDataPoints": 4,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "subtitle_text",
    "bar_chart_vertical",
    "bullet_list",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9c-e7508bf92a94/236",
  "deckHref": "/decks/019dd923-622c-750b-8b9c-e7508bf92a94",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-e7508bf92a94.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-e7508bf92a94#slide-236",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "We believe Huntsman has an opportunity to streamline its FP&A and IT organizations.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-14db-7299-bdf0-ae2104ac78f1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.45,
        "x": 0.04,
        "y": 0.55
      },
      "kind": "chart",
      "text": "IT FTEs per $1 Billion of Revenue",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "adaf065b-b07c-445f-86f7-4b613f4082d9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.45,
        "x": 0.04,
        "y": 0.2
      },
      "kind": "chart",
      "text": "Finance & Accounting FTEs per $1 Billion of Revenue",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b23147c3-9c3c-4291-ade0-f6ec506f7a68",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.52,
        "y": 0.58
      },
      "kind": "list",
      "text": "Multiple legacy ERP systems may require separate support and maintenance, which increases staffing levels. We believe the Company should prioritize consolidating ERP systems, as well as reevaluating non-core functions to see if there is further opportunity for outsourcing to IT service providers. There may also be an opportunity to improve pricing on IT service contracts by further consolidating outsourced providers.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "89b73eae-2bd9-4eef-9878-5c02eae9b7d8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.52,
        "y": 0.22
      },
      "kind": "list",
      "text": "Huntsman may be operating multiple instances of its SAP ERP systems and may even be supporting systems from previous acquisitions. We believe there may be multiple data silos that require relatively high labor intensity to aggregate and turn into actionable insights for business managers. We believe the Company should prioritize consolidating non-integrated financial systems, further automate repetitive activities, and explore additional offshoring opportunities.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c0a8f808-3f9b-411b-ac0a-5031ec999927",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "FTEs per $1 Billion of Revenue",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-14db-7299-bdf0-b2c2392f69d7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.04,
        "y": 0.88
      },
      "kind": "paragraph",
      "text": "We believe Huntsman has an opportunity to streamline its FP&A and IT organizations.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7e408cdb-551d-4146-a0d2-d7ed4d1cddbe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.04,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Public company filings, presentations and transcripts, analysis from a leading consulting firm engaged in the evaluation of Huntsman’s operations and performance, Starboard analysis. (1) Peer benchmark determined by a leading consulting firm utilizing a combination of public and proprietary data.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "581632e1-52e6-4ab2-b6b4-18265bc3d04f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.8,
        "x": 0.04,
        "y": 0.03
      },
      "kind": "title",
      "text": "We Believe There Are Opportunities to Streamline Headcount in Support Functions",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "db6dcbda-68d9-4d11-b3eb-9e3f3ffd3d0c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Slide recipe: the peer-gap chart",
      "slug": "peer-gap-chart-recipe",
      "agent": "designer",
      "layer": "slide",
      "matchId": "c65465b5-eba7-49ec-bffb-e7a81e222de8",
      "evidence": "The slide contains a peer benchmark chart with 'Finance & Accounting FTEs per $1 Billion of Revenue' and 'IT FTEs per $1 Billion of Revenue'.",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "peer-benchmark",
      "slug": null,
      "matchId": "f4aabce7-8566-4267-b407-a4ea5eb2e611",
      "evidence": "Comparison of internal metrics against industry peers to identify performance gaps.",
      "confidence": 1
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}