Lyondellbasell Industries Nv · NYSE:LYB
Lyondellbasell Industries Nv — Q2 2026 Earnings Presentation
21 slides from Lyondellbasell Industries Nv's earnings presentation, Jul 31, 2026
Slide 1: Second Quarter 2026 Earnings
Second Quarter 2026 Earnings July 31, 2026
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 of LyondellBasell which are believed to be reasonable at the time made and are subject
Slide 3: Safety performance
Safety performance Outstanding 2026 year-to-date results reflecting commitment to safe operations Injuries per 200,000 hours worked 0.4 0.3 0.2 0.1 2010-2014 2015-2019 2020-2024 2025 June 2026 YTD LyondellBasell ACC Top Decile Sources: American Chemistry Council (ACC) and LyondellBasell. Notes: Medi
Slide 4: Conflict in the Middle East tightened polyolefin markets
Conflict in the Middle East tightened polyolefin markets Significant supply disruptions, lower inventories and limited demand impact Extensive supply disruptions Changing market dynamics Resilient underlying demand • Unprecedented scale, duration and uncertainty • Price, logistics and volatility sig
Slide 5: Continued progress on portfolio transformation
Continued progress on portfolio transformation Creating a more advantaged, higher-value portfolio Remaining European asset base well-positioned LYB post-divestiture • O&P portfolio focused on higher value, less commoditized global ethylene footprint1 applications • Construction of first commercial s
Slide 6: Second quarter 2026 highlights
Second quarter 2026 highlights Exceptional results driven by tight markets and commercial execution supporting strong margins $0.6 B $1.71 $1.3 B $2.6 B Net income Diluted earnings per share EBITDA Cash and cash equivalents As of June 30, 2026 $1.4 B $4.30 $2.1 B $7.1 B Net income Diluted earnings p
Slide 7: Strong cash generation
Strong cash generation Cash conversion impacted by working capital build to support value capture across the portfolio Cash conversion 98% $3.0 B Cash from operating activities 2Q26 last 12 months 96% 95% 90% 83% 80% 80% Cash conversion 2Q26 last 12 months 2.6x Net debt to EBITDA ex. identified item
Slide 8: Balanced and disciplined capital allocation
Balanced and disciplined capital allocation Solid cash generation through structural improvements across the business USD, billions Strengthening financial flexibility $4 • Achieved 80% cash conversion2 over last 12 months • $2.6 B cash and cash equivalents as part of $7.1 B of available liquidity3
Slide 9: 2Q26 segment highlights
2Q26 segment highlights Improved performance across all segments supported by strong margins across the portfolio EBITDA variance by segment ex. identified items USD, millions $56 $2,127 $162 $20 $337 $(3) $940 $615 1Q26 O&P Americas O&P EAI I&D APS Technology Other 2Q26 9
Slide 10: Olefins & Polyolefins – Americas
Olefins & Polyolefins – Americas Margins and volumes benefited from tight markets due to global supply constraints EBITDA ex. identified items 2Q26 market dynamics USD, millions • Integrated PE margins substantially increased driven by favorable co- $1,267 product pricing and tighter global supply •
Slide 11: Olefins & Polyolefins – Europe, Asia & International
Olefins & Polyolefins – Europe, Asia & International Improved margins from supply chain disruptions alongside the completion of asset divestiture EBITDA ex. identified items 2Q26 market dynamics USD, millions • Supply chain disruptions from the conflict in the Middle East drove improved olefins and
Slide 12: Intermediates & Derivatives
Intermediates & Derivatives Improved margins due to tight supply and higher crude oil prices partially offset unplanned downtime EBITDA ex. identified items 2Q26 market dynamics USD, millions • Oxyfuels benefit from higher crude oil prices and stronger gasoline crack $386 spreads • Improvement in PO
Slide 13: US oxyfuel margins have expanded
US oxyfuel margins have expanded Oxyfuels provide octane for gasoline at a lower cost than refining crude oil LYB advantages Butane High-Octane MTBE/ETBE • PO/TBA provides integrated production of propylene oxide and C4 chemicals Methanol/Ethanol “Oxyfuels” • I&D is also vertically integrated with m
Slide 14: Advanced Polymer Solutions
Advanced Polymer Solutions Disciplined pricing actions and effective cost management supported higher margins EBITDA ex. identified items 2Q26 market dynamics USD, millions • Automotive demand remained stable despite geopolitical uncertainty $78 • Higher margins amidst geopolitical uncertainty • Cus
Slide 15: Technology
Technology Licensing revenue milestones and increased catalyst demand helped 2Q profitability EBITDA ex. identified items 2Q26 market dynamics USD, millions • Increased revenue on greater number of higher-value milestone payments from previously-sold licenses $80 • Improved catalyst demand in key re
Slide 16: Near-term market outlook (3Q vs. 2Q)
Near-term market outlook (3Q vs. 2Q) Conflict in Middle East has impacted supply, inventory and buying patterns • Demand remains resilient across food, • Resilient overall demand consumer and industrial applications North Packaging • Prices have moderated from April • Stable consumer demand supports
Slide 17: Appendix
Appendix
Slide 18: LyondellBasell 2026 modeling information update
LyondellBasell 2026 modeling information update (USD, millions) 1Q 2Q 3Q 4Q 2026 Capital Expenditures Total CAPEX ~$1.2 B1 Planned O&P Americas ~$10 -- ~$125 ~$20 ~$155 Sustaining | Profit Generating CAPEX Maintenance ~$0.8 B | ~$0.4 B Estimated EBITDA O&P EAI -- -- -- -- -- Financial Metrics Impact
Slide 19: LYB financial sensitivities
LYB financial sensitivities Operating Nameplate capacity2 Theoretical Impact on Earnings1 Rates2 (MMton/yr) U.S. $100/ton (4.5 cpp) integrated PE margin = ~$330MM ~80% ~4.13 PE Europe $100/ton integrated PE margin = ~$100MM ~75% ~1.3 Oxyfuels $1/bbl crude oil = ~$20MM globally ~80% ~5.2 U.S. $100/to
Slide 20: 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. We report our financial results in accordance with U.S. generally accepted accounting principles, b
Slide 21: Information related to financial measures (continued)
Information related to financial measures (continued) We also present EBITDA, net income and diluted EPS exclusive of identified items. Identified items include adjustments for lower of cost or market ("LCM"), gain or loss on sale of business, asset write- downs in excess of $10 million in aggregate
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