Lyondellbasell Industries Nv · NYSE:LYB

Lyondellbasell Industries Nv — Q1 2015 Earnings Presentation

15 slides from Lyondellbasell Industries Nv's earnings presentation, Apr 24, 2015

  1. Slide 1: First Quarter 2015 Earnings

    First Quarter 2015 Earnings April 24, 2015

  2. 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

  3. Slide 3: Information Related to Financial Measures

    Information Related to Financial Measures This presentation makes reference to certain “non-GAAP” financial measures as defined in Regulation G of the U.S. Securities Exchange Act of 1934, as amended. The non-GAAP measures we have presented include income from continuing operations excluding LCM, di

  4. Slide 4: Highlights

    Highlights (1) As Reported Excluding LCM ($ in millions, except per share data) Q1'14 Q4'14 Q1'15 Q1'14 Q4'14 Q1'15 EBITDA $1,668 $1,406 $1,952 $1,668 $2,121 $2,044 Income from Continuing Operations $943 $796 $1,167 $943 $1,251 $1,225 Diluted Earnings ($ / share) from Continuing Operations $1.72 $1.

  5. Slide 5: LyondellBasell Safety Performance

    LyondellBasell Safety Performance Safety - Injuries per 200,000 Hours Worked(1) 0.60 0.45 0.30 0.15 0.00 2009 2010 2011 2012 2013 2014 2015 (Q1 YTD) 1) Includes employees and contractors. 5

  6. Slide 6: First Quarter 2015 and LTM Segment EBITDA

    First Quarter 2015 and LTM Segment EBITDA First Quarter 2015 LTM March 2015 EBITDA Op. Income EBITDA Op. Income As Reported 1,952 1,575 As Reported 7,334 5,971 Excluding LCM 2,044 1,667 Excluding LCM 8,186 6,823 First Quarter 2015 EBITDA LTM March 2015 EBITDA USD, millions USD, millions $1,400 $5,00

  7. Slide 7: Cash Flow

    Cash Flow Q1 2015 LTM March 2015 USD, millions USD, millions $12,000 $12,000 10,000 10,000 8,000 8,000 6,000 6,000 4,000 4,000 $4,379 $3,582 $3,582 2,000 2,000 $2,974 0 (1) (2) (3) 0 1Q 2015 (1) (2) (3) 1Q 2015 CF from Working Capex Dividends & Net Debt Other 2Q 2014 (1) CF from Working Capex Divide

  8. Slide 8: Strong Cash Generation, Share Repurchases & Dividends

    Strong Cash Generation, Share Repurchases & Dividends Cash From Operations Dividends & Share Repurchases USD, millions USD, millions $7,000 $8,000 Capex Free Cash Flow Interim Dividends 6,000 Special Dividends Share Repurchases 5,000 6,000 4,000 4,000 3,000 2,000 2,000 1,000 2012 2013 2014 LTM March

  9. Slide 9: LYB FX Impacts

    LYB FX Impacts Situation Business Considerations  Euro / $ Average:  Economic impact minimized as key products are primarily: ~$1.33 during 2014 ~$1.13 during Q1’15 – Dollar-based raw materials ~$1.25 during Q4’14 – Dollar-based global product pricing mechanism – Monthly pricing negotiations consi

  10. Slide 10: Olefins & Polyolefins – Americas Highlights and Business Drivers – 1Q'15

    Olefins & Polyolefins – Americas Highlights and Business Drivers – 1Q’15 EBITDA Performance vs. 4Q’14(2) USD, millions EBITDA Margin Volume $1,400 U.S. Olefins As Reported Excluding LCM • Ethylene price down 14 ¢/lb 1,200 • Operating rates 97% during Q1‘15 1,000 800 Polyethylene • Spread up ~4 ¢/lb

  11. Slide 11: Key Raw Material Costs

    Key Raw Material Costs Oil to Gas Ratio and Pricing Cost of Ethylene ¢ per Gallon $ per Barrel ¢ per Pound 160 120 60 140 100 50 Brent Crude Oil Ethylene 120 Butane 80 40 100 80 60 30 Propane Feed Propane 60 40 20 40 Butane Feed Ethane 20 10 Ethane Feed 20 Natural Gas $ per MMBTU 0 0 0 Jan-14 Jan-15

  12. Slide 12: Olefins & Polyolefins – Europe, Asia, International Highlights and Business Drivers – 1Q'15

    Olefins & Polyolefins – Europe, Asia, International Highlights and Business Drivers – 1Q’15 EBITDA Performance vs. 4Q’14(2) USD, millions EBITDA Margin Volume As Reported Excluding LCM $400 EU Olefins • Ethylene price down ~14 ¢/lb. • Advantaged feedstocks ~49% 300 • Operating rate ~94% Polyethylene

  13. Slide 13: Intermediates & Derivatives Highlights and Business Drivers – 1Q'15

    Intermediates & Derivatives Highlights and Business Drivers – 1Q’15 EBITDA Performance vs. 4Q’14(2) USD, millions EBITDA Margin Volume $500 As Reported Excluding LCM Propylene Oxide and Derivatives • Volume up ~11% 400 Intermediates 300 • Methanol volumes lower due to Channelview turnaround 200 • Hi

  14. Slide 14: Refining Highlights and Business Drivers – 1Q'15

    Refining Highlights and Business Drivers – 1Q’15 EBITDA Performance vs. 4Q’14(2) USD, millions EBITDA Margin Volume $200 Houston Refinery As Reported Excluding LCM • Maya 2-1-1: $23.74 per bbl, up 100 $6.02 from 4Q’14 • Crude throughput: 241 MBPD • Cost of RINs flat -100 -200 -300 -400 1Q'14 2Q'14 3

  15. Slide 15: First Quarter Summary and Outlook

    First Quarter Summary and Outlook First Quarter Summary Near-Term Outlook  EBITDA results steady near $2 billion  Continued uncertainty and volatility for past four quarters(1) in oil markets  Ethylene price and margin declines  Natural gas and NGL supply, while polyolefin margins increase inven

LyondellBasell Industries — Q1 2015 Earnings Presentation on 6ix