Lyondellbasell Industries Nv · NYSE:LYB

Lyondellbasell Industries Nv — Q1 2012 Earnings Presentation

14 slides from Lyondellbasell Industries Nv's earnings presentation, Apr 30, 2012

  1. Slide 1: First-Quarter 2012 Earnings

    Exhibit 99.2 First-Quarter 2012 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Sergey Vasnetsov, SVP - Strategic Planning and Transactions Doug Pike, VP - Investor Relations April 30, 2012

  2. Slide 2: Cautionary Statement

    Cautionary Statement The information in this presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues, earnings, business strategies, competitive position or other aspects of our operations or operating results. Actual outcomes and resu

  3. 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

  4. Slide 4: Highlights

    Highlights ($ in millions, except per share data) 1Q'12 4Q'11 1Q'11 EBITDA $1,236 $536 $1,402 Net Income / (Loss) $599 ($218) $660 Diluted Earnings ($ / share) $1.04 ($0.38) $1.15 Net Debt / LTM EBITDA 0.5x 0.6x 0.4x Quarterly EBITDA increase of 131% from 4Q’11 ($ in millions) $2,000 Quarterly EBITD

  5. Slide 5: LyondellBasell Safety Performance

    LyondellBasell Safety Performance Injuries per 200,000 Hours Worked(1) 0.5 0.4 0.3 0.2 0.1 0.0 2009 2010 2011 2012 YTD • Continued good safety results • Significant Q1 contractor activity related to maintenance turnarounds 1) Includes employees and contractors. YTD as of March 2012. lyondellbasell.c

  6. Slide 6: First-Quarter 2012 and Last-Twelve-Months (LTM) Segment EBITDA

    First-Quarter 2012 and Last-Twelve-Months (LTM) Segment EBITDA Q1’12 EBITDA LTM March EBITDA $1,236 million $5,113 million Q1’12 Operating Income LTM Operating Income $946 million $3,879 million ($ in millions) ($ in millions) First-Quarter 2012 EBITDA March 2012 LTM EBITDA $625 $2,500 500 2,000 375

  7. Slide 7: Cash Flow

    Cash Flow ($ in millions) First-Quarter 2012 LTM March 2012 $2,500 $10,000 2,000 8,000 $1,679 1,500 6,000 $1,118 $4,383 1,000 4,000 500 2,000 $1,679 0 0 (1) Q1'12 (1) CF from Working (2) Capex (3) Dividends Net Debt Other Q1'12 (3) Q2'11 CF from Working (2) Capex (3) Dividends Net Debt Other Q1'12 B

  8. Slide 8: Working Capital and Key Financials Statistics

    Working Capital and Key Financials Statistics Working Capital(1) Key Statistics ($ in billions) $8 Snapshot at March 31, 2012 Liquidity: $4.1 billion $6 Debt: $4.0 billion Cash: $1.7 billion $4 Net Debt/LTM EBITDA: 0.5x $2 $0 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 ($2) ($4) ($6) Total WC Inventory AR AP 1) F

  9. Slide 9: Olefins & Polyolefins - Americas Highlights and Business Drivers - 1Q'12

    Olefins & Polyolefins - Americas Highlights and Business Drivers - 1Q’12 EBITDA Performance vs. 4Q’11 ($ in millions) $800 EBITDA Margin Volume U.S. Olefins • Ethylene price up 2¢/lb 600 • COE down 10¢/lb • ~82% of ethylene from NGLs 400 Polyethylene • Price up 6¢/lb 200 Polypropylene (includes Cata

  10. Slide 10: Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 1Q'12

    Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 1Q’12 EBITDA Performance vs. 4Q’11 ($ in millions) EBITDA Margin Volume $400 EU Olefins • Q1 EBITDA near breakeven • Price increases roughly offset by 300 naphtha margin Polyethylene 200 • Volume returns to Q3 leve

  11. Slide 11: Intermediates & Derivatives Highlights and Business Drivers - 1Q'12

    Intermediates & Derivatives Highlights and Business Drivers - 1Q’12 EBITDA Performance vs. 4Q’11 ($ in millions) $350 300 EBITDA Margin Volume Propylene Oxide and Derivatives 250 • Volumes up following Q4 turnaround and year-end slowdown 200 150 Intermediates • Acetyls up following Q4 turnaround • T

  12. Slide 12: Refining & Oxyfuels Highlights and Business Drivers - 1Q'12

    Refining & Oxyfuels Highlights and Business Drivers - 1Q’12 EBITDA(1) Performance vs. 4Q’11 ($ in millions) EBITDA Margin Volume $600 Houston Refinery • Q1 crude throughput: 259 MBPD • Maya 2-1-1: $20.15 / bbl 450 300 Oxyfuels • Strong margins 150 • Volumes are up following Q4 turnaround 1Q'11 2Q'11

  13. Slide 13: Benchmark Margins

    Benchmark Margins U.S. Gulf Coast Spot Ethylene Margin (¢/lbs.) 60 45 30 15 0 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 Maya 2-1-1 Crack Spread ($/barrel) 32 24 16 8 0 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 Sources: CMAI and Platts. lyondell

  14. Slide 14: First-Quarter Summary and Outlook

    First-Quarter Summary and Outlook First-Quarter Summary Near-Term Outlook • Strong margin recovery in: • Entered the second quarter with strong - North American olefins North American olefins and Houston refinery margins - Houston refinery • European olefins/polyolefins remain weak while differentia

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