Lyondellbasell Industries Nv · NYSE:LYB

Lyondellbasell Industries Nv — Q4 2013 Earnings Presentation

16 slides from Lyondellbasell Industries Nv's earnings presentation, Jan 31, 2014

  1. Slide 1: Fourth-Quarter 2013 Earnings

    Exhibit 99.2 January 31, 2014 Fourth-Quarter 2013 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Sergey Vasnetsov, SVP - Strategic Planning and Transactions Doug Pike, VP - Investor Relations

  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 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) FY 2013 FY 2012 FY 2011 (1) EBITDA $6,311 $5,808 $5,469 Income from Continuing Operations $3,860 $2,858 $2,472 Diluted Earnings ($ / share) from Continuing Operations $6.76 $4.96 $4.32 ($ in millions) EBITDA(1) Income from Continuing Operations $2,00

  5. Slide 5: Health, Safety and Environmental Performance

    Health, Safety and Environmental Performance Safety - Injuries per 200,000 Hours Indexed Environmental Incidents Indexed Process Incidents Worked (1) 0.60 100% 100% 0.45 75% 75% 0.30 50% 50% 0.15 25% 25% 0.00 0% 0% 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 1) Include

  6. Slide 6: 2013 Accomplishments

    2013 Accomplishments ($ in millions) Segment EBITDA 2011 EBITDA 2012 EBITDA 2013 EBITDA 2012 - 2013 Change 2012 - 2013 Change, % Olefins & Polyolefins - Americas $2,137 $2,968 $3,573 $605 20% Olefins & Polyolefins - EAI 865 548 839 291 53% Intermediates & Derivatives 1,410 1,621 1,492 (129) -8% Refi

  7. Slide 7: Key Volumes and Margins: 2011 - 2013

    Key Volumes and Margins: 2011 - 2013 Ethylene Volumes Polyethylene Volumes Polypropylene Volumes I&D Chemical HRO Crude Oil Rates billion lbs billion lbs 10 billion lbs billion lbs 15 Volumes (1) MBPD 300 9.0 9.0 15 10 9.1 8.9 8.9 263 8.4 255 253(*) 8 8 12 240 12 10.6 10.5 10.6 10.4 10.5 10.5 232 6

  8. Slide 8: Fourth Quarter 2013 and FY 2013 Segment EBITDA

    Fourth Quarter 2013 and FY 2013 Segment EBITDA ($ in millions) ($ in millions) $1000 $3,750 Fourth Quarter 2013 EBITDA FY 2013 EBITDA 800 3,000 600 2,250 400 1,500 200 750 Olefins & Olefins & Intermediates Refining Technology Olefins & Olefins & Intermediates Refining Technology Polyolefins - Polyol

  9. Slide 9: Cash Flow

    Cash Flow ($ in millions) FY 2013 May 2010 – December 2013 $10,000 $20,000 8,000 16,000 6,000 12,000 $8,384 $3,076 4,000 8,000 $4,450 2,000 $2,732 4,000 $4,450 $2,711 0 Jan 2013 (1) CF from Working (2) Capex (3) Dividends & Net Debt Other Dec 2013 (1) 0 (1) (2) (3) (1) May 2010 CF from Working Capex

  10. Slide 10: Key Financial Statistics

    Key Financial Statistics Indexed Cash Fixed Cost (1) Capital Expenditures ($ in millions) (Indexed to 2008) 100% $1,600 75% 1,200 50% 800 25% 400 0 2008 2009 2010 2011 2012 2013 2011 2012 2013 Base Growth Free Cash Flow(2) 2011 – 2013 Cash Deployment ($ in millions) ($ in millions) $6,000 $15,000 4,

  11. Slide 11: Olefins & Polyolefins - Americas Highlights and Business Drivers - 4Q'13

    Olefins & Polyolefins - Americas Highlights and Business Drivers - 4Q’13 1) Source: quarterly average industry data from third party consultants; 2) The direction of the arrows reflects our underlying business metrics. 11

  12. Slide 12: Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 4Q'13

    Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 4Q’13 1) Source: quarterly average data from third party consultants; 2) The direction of the arrows reflects our underlying business metrics. 12

  13. Slide 13: Intermediates & Derivatives Highlights and Business Drivers - 4Q'13

    Intermediates & Derivatives Highlights and Business Drivers - 4Q’13 EBITDA Performance vs. 3Q’13(2) ($ in millions) EBITDA Margin Volume $500 Propylene Oxide and Derivatives 400 • Higher deicer sales 300 Intermediates • Lower styrene margins 200 • Methanol restart Oxyfuels 100 • Seasonal volume and

  14. Slide 14: Refining Highlights and Business Drivers - 4Q'13

    Refining Highlights and Business Drivers - 4Q’13 1) Light Louisiana Sweet (LLS) is the referenced light crude. Data represents quarterly average; 2) The direction of the arrows reflects our underlying business metrics. 14

  15. Slide 15: Projects Annual Potential Values & Completion Timeline

    Projects Annual Potential Values & Completion Timeline Annual Potential Value (1) ($ Million/ yr) 1) Annual potential values are based on LTM September 2013 industry benchmark margins. 15

  16. Slide 16: Fourth-Quarter Summary and Outlook

    Fourth-Quarter Summary and Outlook Fourth-Quarter Summary Near-Term Outlook – Continued strength in O&P – – U.S. NGL advantage continues Americas results – La Porte turnaround and expansion • Building inventory in preparation for scheduled to begin in late Q1’2014, La Porte turnaround estimate ~ 80

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