Air Products Strategizes for Success: Defending Shareholder Value and Leadership Through Two-Pillar Strategy
Key Ideas
  • Under CEO Seifi Ghasemi's leadership, Air Products has generated over $44 billion in shareholder value, with a focus on core industrial gas business and clean hydrogen market.
  • The Board is urging shareholders to vote for Air Products' nominees, emphasizing their experience and expertise over Mantle Ridge's proposed candidates.
  • Air Products has demonstrated strong financial performance under Ghasemi's leadership, including significant EBITDA margin expansion and consistent growth in sales and earnings per share.
  • The company's two-pillar growth strategy involves investing in the core industrial gas business while capitalizing on opportunities in the clean hydrogen market, with a focus on profitability and long-term value creation.
Air Products, under the leadership of Chairman and CEO Seifi Ghasemi, has been successful in delivering over $44 billion in shareholder value creation by focusing on a two-pillar growth strategy. The company's Board is highlighting its achievements and strategy in an investor presentation ahead of the 2025 Annual Meeting of Shareholders. The presentation emphasizes Air Products' commitment to growing its core industrial gas business and leveraging its first-mover advantage in the clean hydrogen market. CEO Seifi Ghasemi's tenure has seen remarkable financial performance, with significant increases in adjusted EBITDA margin, adjusted EPS CAGR, and sales growth. The company has returned $11.5 billion in cash to shareholders since 2014, with a consistent dividend increase over 42 years. Ghasemi's leadership has driven profitability improvements and focused on maximizing long-term shareholder value. Air Products' two-pillar growth strategy involves substantial investment in the core industrial gas business while capitalizing on opportunities in the clean hydrogen market. The company is aligning its core business for growth in market segments like electronics fabrication, data centers, AI, and semiconductor manufacturing. By allocating capital towards enhancing capacity, efficiency, and market reach, Air Products aims to continue driving value creation and maintaining industry leadership.
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