Celanese Corporation · NYSE:CE
Celanese — Q1 2019 Earnings Presentation
10 slides from Celanese's earnings presentation, Apr 22, 2019
Slide 1: Celanese Q1 2019 Earnings
Exhibit 99.1(b) Celanese Q1 2019 Earnings Monday, April 22, 2019 Conference Call / Webcast Tuesday, April 23, 2019 10:00 a.m. Eastern Time Mark Rohr, Chairman and Chief Executive Officer Scott Richardson, SVP and Chief Financial Officer © Celanese Celanese Corporation 1
Slide 2: Important Information
Important Information Forward-Looking Statements This presentation contains "forward-looking statements," which include information concerning the Company's plans, objectives, goals, strategies, future revenues, synergies, performance, capital expenditures, financing needs and other information that
Slide 3: Recent Highlights
Recent Highlights • Announced appointments of Mark Rohr to Executive Chairman and Lori Ryerkerk to Chief Executive Officer, effective May 1, 2019. • Welcomed A. Lynne Puckett as Senior Vice President and General Counsel. • Announced expansion of thermoplastic co-polyester production unit in Ferrara,
Slide 4: Opportunity Pipeline Examples
Opportunity Pipeline Examples Artificial Turf Fields Lithium Ion Batteries • Turf infill is a critical component of artificial turf fields, • Lithium ion batteries increasingly proliferate digital impacting quality of play, health and safety, and cost consumer device and electric vehicle application
Slide 5: Celanese Corporation Q1 2019 Highlights
Celanese Corporation Q1 2019 Highlights Q1 Performance Factors Affecting Net Sales Net sales (in millions) Total segment income margin 10% $2,000 1,851 30% 1,689 1,687 6% $1,500 25.6% 25.0% 2% 23.3% 20% -2% $1,000 10% -6% $500 -10% $0 0% Volume Price CurrencyOther Total Q1 2018 Q4 2018 Q1 2019 QoQ*
Slide 6: Engineered Materials
Engineered Materials Q1 Performance Factors Affecting Net Sales Net sales (in millions) Total segment income margin $800 40% 10% $665 $663 $622 $600 5% 27.4% 27.6% $400 24.1% 20% 0% $200 -5% $0 0% Volume Price Currency Other Total Q1 2018 Q4 2018 Q1 2019 QoQ YoY QoQ Segment income highlights YoY Seg
Slide 7: Acetyl Chain
Acetyl Chain Q1 Performance Factors Affecting Net Sales Net sales (in millions) Total segment income margin 10% $1,200 $1,051 30% 5% $1,000 $936 $889 $800 0% 24.1% 23.0% 22.8% 20% $600 -5% $400 10% -10% $200 -15% $0 0% Volume Price Currency Other Total Q1 2018 Q4 2018 Q1 2019 QoQ YoY QoQ Segment inc
Slide 8: Acetate Tow
Acetate Tow Q1 Performance Factors Affecting Net Sales Net sales (in millions) Total segment income margin 6% $200 60% $168 $161 $166 4% 46.4% 40% 43.4% 2% $100 32.9% 20% 0% -2% $0 0% Volume Price Currency Other Total Q1 2018 Q4 2018 Q1 2019 QoQ YoY QoQ Segment income highlights YoY Segment income h
Slide 9: Cash Flow
Cash Flow Free Cash Flow Q1 2019 (in millions) • Operating cash flow of $307 million $400 • Free cash flow of $224 million; expect $307 $300 $287 approximately $1.2 billion for the year $217 $224 • Net capital expenditures of $79 million; $192 $200 expect $350 to $400 million for the year $143 $126
Slide 10: Returning Cash to Shareholders
Returning Cash to Shareholders Dividend Payout and Share Repurchases Share Repurchases (in millions) • Deployed $200 million in Q1 2019 to $1,200 $1,097 repurchase ~2 million shares $1,000 • ~$500 million remaining share repurchase $800 $741 $701 authorization as of March 31, 2019 $594 $600 Dividend