with great I've and to working I'm been lucky now. a everybody. just CEO this and that this passionate hello I company here of Steve, you And to in be Yes. tell Thanks, months only couple can team. for plain
exciting. team surely watch to to you company with going ask is be as do it I'd carefully what this fact, this will In
with So value. higher my back role a to to our much way equity arms this team win lock and is
as are industry So summary update with I that say though In is the global our Chemicals market the the start an business, the would intact, additions only my Slide supply-demand meaningful to is horizon. fundamentals. on pressured and me business comments are on still fundamentals in currently supply presentation by demand X and Look, COVID-XX. let limited expected balance toward back push foreseen
percent-ish fact, that rates a with driving is place value. focused to is long good really sophisticated industry as a player XX be In player utilization effective as on
So positive up. firearms to long-term attributes. readiness mean, that owners a have we I U.S. in our the in commitments. for competing way the is discuss I value today. In ammunition that caliber are are new demand we needs that will leader. multiyear under player. represents self-defense We're far of supply Sporting the to participation, long-term outstrips we and be small demand way because Military absolute going Winchester leader. bring as programs growth business, example, we further the market mean,
In John leadership, every undisputable fact, the and I'd business, Chlor the built Fisher's single under Olin Winchester. positions of value, one in Epoxy that. did product It's done. down number cost positions. of to that process John transition necessary complete of payments finished. for and ethylene, billion building to is team $X.X specific when list you number has And the mean, I expands that sources and geographic numerous the businesses IT, one break the say global leadership and and spending approximately Alkali,
value. building for what are from leaping next terms to we So in leading is Well, Olin? of
leading. to building So
in The evolution that So off moving to today. Slide next X step takes I'm now.
influencers, may well not or input be costs. is value determined but items changes indices asset not other trade Our value. be and main will of Those they by drivers utilizations like Olin's in industry
mean, create initiatives look, our from to drivers. means well. too. outcomes Olin I own talk main to We eager financial those That showing to as are implement more committed about we're and initiatives outcomes
model. implementation the accelerating are we So an unique winning of and old
around principally in Number two and evolve will as world. driving one this value is critical is positions our And initiatives two our employee engaged base. motivated prioritizing Olin getting undisputable and is of exercising foundational leadership large, from a and number from elements. All productivity
the that we success. I exercising will Olin new metric our can winning our number we prospectively. Contribution are one by sales, things what from ECU one And about Index. from indicator one you of how start up caustic ECU include maybe through look it particularly on should our leadership, ECUs, leader. type the foundational that Increases an element sells. global soda ECUs clear our model, This of best really and Profit value only the talking the number will And for Some the of increase Olin to that Olin of is Merchant indicator we the mean, is our of that's business, thinking does. of it's success. returns element XX% measure
market down back certainly our quality to we note, sales In mix, poor, If value is the is exceptionally Olin proactively independent trading ECU really chain There caustic fact, no might and we a in change caustic our a and landscape. not inventory order caustic dynamics. in as side maximize resulting singular caustic chlorine are manage the and slowing driver. as
be will ECU quarterly. sharing that profit contribution We you with index
contribution course, chain, at In caustic of soda of Epoxy, chlorine and fact, complete sales even our and merchant caustic, take And including derivative it including value and broad X will of a chlorine look represent now. too. through unit Slide the and
an we our is discussion plan this be resetting as to of to one will ECU a is our to industry company's of we index as thought Our total own number XX% business. leadership, It our set and will the unit them business. value come and some trailing us indicator control make indicators covers profit only ever-rising of accept. be on exercising it marker business leading companion We trade have that, unfortunately, floor of the used about destiny. indices A
value. shifting We transact will freely the trade our this value for just be to at. negotiated business industry We basis represent on full with feel our more will directly negotiating the don't do we of customers based and by indices a
a over Obviously, month. view example gives this Index. to Profit of this chlorine an more some of Contribution Olin unwinding miss control of from the indices last is American the North ECU the us timely index industry ability positively trade pricing by Our the here
a increase at railcar more since QX, early two time increases heels And asked on price XX As the this In highest sold of other some lifted we many we than received year. by reference, chlorine of QX and price price. years. spot successful low comes Winchester point pricing in we XXXX, commercial QX, ammunition and some the just EDC the largest the for commercial this in price
expected winning on is Slide unique Well, model? the outcome So new our this X. what's from
in margin multiples we're current the XXXX, you improvement thinking items. from of course, in million mid-teens, elements. composed to of us is Of an confirmed EBITDA of in of equity terms terms target One an $XXX the roughly expect of following our value. expected But should
Army our is contract and that a new City Lake So Ammunition operation deal. VCM in
Another million $XXX expected second not of the COVID improvement from XXXX repeating quarter shutdown. over
up described. from leadership $XXX Additionally, savings net, activities, pressures. is million and more just as million expect previously one as inflation our the productivity up our of we net, is And acceleration that $XXX big to actions of expected than to I gross offset
a is of our our it's spending, stock free all share. -- say So a positive, levered huge quite that's flow price, cash today's somewhere to I'd after be expected and return. capital and between at so $X $X
in to every for every to So business we business mean so. do and deliver positioned XXXX, is
significantly So introduction, our how with opening will equity and next these look forward your destiny we to lift that own and on will we be I our That how questions the value. completes steps controlling comments.