Orbia’s 2021 Annual Report shares our story of achieving profitable growth, which takes on deeper meaning when we remember that the world was going through its second wave of the COVID-19 pandemic.
As we operated in unpredictable circumstances, we benefited from disciplined adherence to our strategy, a relentless focus on serving our customers and crucially, from the guidance and partnership of our board and executive leadership team.
Orbia demonstrates resilience every day in working to solve some of the toughest challenges, from sanitation and hygiene to health and wellness; water management to food security; connectivity to energy resilience. Our business performance proves that true to our shared vision, profitability and sustainability are not only compatible—they are a winning combination.
In 2021, Orbia achieved record financial performance, reaching $8.8 billion in revenue and $2.05 billion in EBITDA, while EBITDA margin increased to 23%.
In 2021, we built the foundation that will continue to support our success:
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- Operational Excellence: In showing up for our customers by optimizing our assets to meet their needs, we were able to stay resilient and offset COVID-related labor disruptions, raw material cost increases and supply chain and logistics issues. Through innovation, our teams also extended our sustainable solutions portfolio for our long-term success.
- Capitalizing Synergies: Our vertical integration provided clear advantages: namely, supply security and cost efficiency across Vestolit, Alphagary, Wavin and Netafim, and security from mine to market in the Koura business for downstream applications. And we took a step further to adapt our integrated offerings for new sectors. In 2021, we expanded into stormwater management, indoor climate control and next-generation refrigerants and propellants with lower GWP profiles.
- Strategic Acquisitions and Partnerships: With the goal of value creation, we extended into adjacent verticals by investing in bolt-on acquisitions and partnerships. With pioneering partners in energy storage, green hydrogen, smart stormwater and crop management and more, in 2022 and beyond we will continue to seek organic growth opportunities and pursue development activities with attractive expected returns.
