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  "documentTitle": "Huntsman Corporation (HUN)",
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  "presentationDate": "2022-02-28 00:00:00",
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  "notes": "The slide uses a red dashed box to highlight the contradiction between the two targets.",
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      "kind": "callout",
      "text": "The Company LOWERED its target by 9% between the 2014 and 2016 Investor Days",
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      "text": "Comparison of 2014 vs. 2016 Investor Day Adjusted EBITDA Target For Core Business",
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      "text": "Setting TiO2 aside, in 2016, Huntsman's new Adjusted EBITDA target for its core business was 9% lower than what the Company had promised during its 2014 Investor Day.",
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      "text": "For the non-TiO2 core business, Huntsman not only lowered its Adjusted EBITDA target between the 2014 and 2016 Investor Days, but the new target only implied a 6% CAGR from 2015 to 2017.",
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      "text": "Source: Public company filings and presentations. (1) Calculated per the 2014 Investor Day excerpt from the prior slide, and excludes contribution from the TiO2 business. (2) Calculated as $2.0 billion Adjusted EBITDA target per the Company's 2014 Investor Day, less $225 million in Pigments Adjusted EBITDA, less $350 million in estimated contribution from Rockwood's TiO2 business.",
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      "text": "Frustratingly, the Company’s 2016 Investor Day Target Was Lower Than What Had Been Promised In 2014",
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