Lyondellbasell Industries Nv · NYSE:LYB
Lyondellbasell Industries Nv — Q2 2014 Earnings Presentation
13 slides from Lyondellbasell Industries Nv's earnings presentation, Jul 25, 2014
Slide 1: Second-Quarter 2014 Earnings
Exhibit 99.2 Second-Quarter 2014 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Sergey Vasnetsov, SVP – Strategic Planning and Transactions Doug Pike, VP – Investor Relations
Slide 2: Cautionary Statement
Cautionary Statement The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant ris
Slide 3: Information Related to Financial Measures
Information Related to Financial Measures We have included EBITDA in this presentation, which is a non-GAAP measure, as we believe that EBITDA is a measure commonly used by investors. However, EBITDA, as presented herein, may not be comparable to a similarly titled measure reported by other companie
Slide 4: Highlights
Highlights ($ in millions, except per share data) 2Q'14 1Q'14 2Q'13 EBITDA $1,941 $1,668 $1,652 Income from Continuing Operations $1,173 $943 $923 Diluted Earnings ($ / share) from Continuing Operations $2.22 $1.72 $1.60 LTM EBITDA - $6,683 million LTM EPS – $7.54 per share ($ in millions) EBITDA In
Slide 5: LyondellBasell Safety Performance
LyondellBasell Safety Performance Safety - Injuries per 200,000 Hours Worked(1) 0.5 0.4 0.3 0.2 0.1 0.0 2009 2010 2011 2012 2013 1H 2014 In June, the American Chemistry Council recognized LyondellBasell as a Responsible Care Company of the Year 1) Includes employees and contractors. lyondellbasell.c
Slide 6: Second Quarter 2014 and Last Twelve Months (LTM) Segment EBITDA
Second Quarter 2014 and Last Twelve Months (LTM) Segment EBITDA Q2’14 EBITDA LTM June 2014 EBITDA $1,941 million $6,683 million Q2’14 Operating Income LTM June 2014 Operating Income $1,613 million $5,424 million ($ in millions) ($ in millions) $1,200 $4,000 Second Quarter 2014 EBITDA LTM June 2014 E
Slide 7: Cash Flow
Cash Flow ($ in millions) Q2 2014 LTM June 2014 $10,000 $10,000 8,000 8,000 6,000 6,000 4,000 4,000 $4,379 $3,529 $3,529 $3,233 2,000 2,000 0 0 Mar 2014 (1) CF from Working (2) Capex (3) Dividends & Net Debt Other Jun 2014 (1) Jul 2013 (1) CF from Working (2) Capex (3) Dividends & Net Debt Other Jun
Slide 8: Strong Cash Generation, Share Repurchases & Dividends
Strong Cash Generation, Share Repurchases & Dividends Cash From Operations Dividends & Share Repurchases ($ in millions) ($ in millions) $7,000 $7,000 6,000 6,000 5,000 5,000 4,000 4,000 3,000 3,000 2,000 2,000 1,000 1,000 2011 2012 2013 LTM Jun 2014 2011 2012 2013 LTM Jun 2014 Capex Free Cash Flow
Slide 9: Olefins & Polyolefins – Americas Highlights and Business Drivers – 2Q’14
Olefins & Polyolefins – Americas Highlights and Business Drivers – 2Q’14 (2) EBITDA Performance vs. 1Q’14 ($ in millions) EBITDA Margin Volume $1000 U.S. Olefins • Increased internal ethylene 800 consumption – inventory reduction • La Porte turnaround 600 • Lower COE from higher co-product values an
Slide 10: Olefins & Polyolefins – Europe, Asia, International Highlights and Business Drivers – 2Q’14
Olefins & Polyolefins – Europe, Asia, International Highlights and Business Drivers – 2Q’14 (2) EBITDA Performance vs. 1Q’14 ($ in millions) EBITDA Margin Volume $400 EU Olefins • Lower naphtha margin offset by increased advantaged feedstocks 300 • Operating rate ~ 95% Polyethylene 200 • Volumes up
Slide 11: Intermediates & Derivatives Highlights and Business Drivers – 2Q’14
Intermediates & Derivatives Highlights and Business Drivers – 2Q’14 EBITDA Performance vs. 1Q’14 (2) ($ in millions) EBITDA Margin Volume $500 Propylene Oxide and Derivatives • PO volumes relatively unchanged 400 • Lower derivatives volumes (deicers) and margins 300 Intermediates • Acetyls unchanged
Slide 12: Refining Highlights and Business Drivers – 2Q’14
Refining Highlights and Business Drivers – 2Q’14 EBITDA Performance vs. 1Q’14 (2) ($ in millions) EBITDA Margin Volume $200 Houston Refinery • Crude throughput: 257 MBPD 150 • Maya 2-1-1: $27.01 per bbl • Lower Maya 2-1-1 offset by higher yield 100 • Cost of RINs flat 50 2Q'13 3Q'13 4Q'13 1Q'14 2Q'1
Slide 13: Second Quarter Summary and Outlook
Second Quarter Summary and Outlook Second Quarter Summary Near-Term Outlook – Record earnings driven by solid – Industry conditions expected to be results across all segments generally consistent with recent – Industry fundamentals remain strong quarters – O&P- Americas record EBITDA – O&P – America
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