Reminder: Expert Access: Barclays: Expert Call with Syensqo Transformation Advisor Jeremy Bentham - A Path to Recovery or Ongoing Pressure?

Research evidence excerpt

Reminder: Expert Access: Barclays: Expert Call with Syensqo Transformation Advisor Jeremy Bentham - A Path to Recovery or Ongoing Pressure?

Event Description

Syensqo’s investment case remains finely balanced, with investors split on whether it is a

credible turnaround or a stock to avoid. We will discuss whether recent commercial and

operational initiatives can support recovery, focusing on Specialty Polymers demand

(cyclical vs structural), potential portfolio and capital allocation actions, and early

execution under the new leadership and Transformation Centre.

Key topics we will cover:

•• Is Specialty Polymers facing cyclical weakness or structural pressure? Volumes in

the highest-margin division have declined, with management pointing to cyclical

factors, while investors remain concerned about potential share loss.

•• Can portfolio actions and capital allocation unlock value? With Oil & Gas now

divested, attention has turned to the remaining portfolio (Aroma and most recently the

Performance & Care strategic review) and whether further disposals or restructuring

may be required.

•• Is the transformation programme delivering and can new leadership accelerate it?

The Transformation Centre and commercial excellence initiatives are central to the

turnaround case, but execution remains key. We will evaluate early progress on pricing,

cost-to-serve and organisational change, alongside the new leadership team.

Relevant Research

Syensqo: Q1 beat supports recovery confidence (15 May 2026)

Syensqo: Soft Q4 as Polymers and Novecare Weigh (26 February 2026)

Meet the Speakers

Jeremy Bentham is a commercial transformation leader and advisor with over 30 years’

experience across petrochemicals and food ingredients sector. He currently works as an