Slide 1: Celanese Q1 2014 Earnings
Celanese Q1 2014 Earnings Monday, April 21, 2014 Conference Call / Webcast Tuesday, April 22, 2014 10:00 a.m. EDT © Celanese Mark Rohr, Chairman and Chief Executive Officer Steven Sterin, Senior Vice President and Chief Financial Officer Exhibit 99.3
Slide 2: Forward-looking statements
© Celanese Celanese Corporation 2 This presentation may contain “forward-looking statements,” which include information concerning the company's plans, objectives, goals, strategies, future revenues or performance, capital expenditures, financing needs and other information that is not historical in
Slide 3: Mark Rohr, Chairman and Chief Executive Officer
© Celanese Celanese Corporation 3 Mark Rohr Chairman and Chief Executive Officer
Slide 4: Recent Highlights
© Celanese Celanese Corporation 4 Recent Highlights *For additional details please refer to Investor Relations/Recent Business and Product Related Releases on our website, www.celanese.com. • Began construction of methanol unit in Clear Lake, Texas • Exploring plans to construct a methanol unit in B
Slide 5: Fairway: Clear Lake methanol project update
© Celanese Celanese Corporation 5 Fairway: Clear Lake methanol project update, start-up October 1, 2015 Status Update • Final Greenhouse Gas permit received • Construction started • Contract for piling, civil, piping, and mechanical awarded • Working to close gap on construction schedule • 99% of eq
Slide 6: Outlook for 2014
© Celanese Celanese Corporation 6 Outlook* for 2014 Line-of-sight to 2014 growth of 12 to 14 percent Potential contribution (in millions) % Completed Celanese-specific actions update Improving plant operations ~$45 ~50% Creating upstream & downstream efficiencies ~$25 ~100% Translating innovation ~$
Slide 7: Innovation Success
© Celanese Celanese Corporation 7 Innovation Success • Developed with Southwire • Leverages Celanese's proprietary composite technology • Two times the capacity • Less sag • Drives cost savings for customers • Signed supply agreement with Airborne • Used in deepwater, offshore oil and gas operations
Slide 8: Celanese Corporation Q1 2014 Highlights
© Celanese Celanese Corporation 8 QoQ* YoY* 7% 6% 5% 4% 3% 2% 1% 0% Volume Price Currency Other Total $1,800 $1,200 $600 $0 30% 20% 10% 0% Q1 2013 Q4 2013 Q1 2014 16.8% 15.1% 17.7% $1,605 $1,616 $1,705 Celanese Corporation Q1 2014 Highlights Q1 Performance Factors Affecting Net Sales • Record first
Slide 9: Advanced Engineered Materials
© Celanese Celanese Corporation 9 YoY Segment income highlights • Higher volumes globally driven by strong demand partially offset by lower pricing due to mix and higher energy costs • Strong results in engineered materials more than offset $7 million lower affiliate earnings QoQ Segment income high
Slide 10: Consumer Specialties
© Celanese Celanese Corporation 10 Consumer Specialties Q1 Performance Factors Affecting Net Sales YoY Segment income highlights • Higher pricing of acetate tow partially offset by commitments under a legacy contract in flake • Lower costs driven by productivity initiatives specific to cellulose der
Slide 11: Industrial Specialties
© Celanese Celanese Corporation 11 Industrial Specialties Q1 Performance Factors Affecting Net Sales YoY Segment income highlights • Higher volumes in Europe due to strong proprietary paints and coatings demand in emulsion polymers resulting from unseasonably warm weather QoQ Segment income highligh
Slide 12: Acetyl Intermediates
© Celanese Celanese Corporation 12 Acetyl Intermediates Q1 Performance Factors Affecting Net Sales YoY Segment income highlights • VAM pricing increased due to permanent capacity reductions in Europe and temporary industry outages in North America • Higher acid price due to higher methanol costs • L
Slide 13: Steven Sterin, Senior Vice President and Chief Financial Officer
© Celanese Celanese Corporation 13 Steven Sterin Senior Vice President and Chief Financial Officer
Slide 14: Strong Cash Flow Generation
© Celanese Celanese Corporation 14 Strong Cash Flow Generation • Operating cash flow primarily driven by strong earnings performance • Adjusted FCF impacted by timing of capital investment and JV funding related to Clear Lake methanol unit • Capex of $148 million in Q1 2014 • Continue to expect cape
Slide 15: Return of Cash to Shareholders
© Celanese Celanese Corporation 15 Dividend Share Repurchases $100 $80 $60 $40 $20 $0 2013 average** Q1 2014 Return of Cash to Shareholders Dividend • Q1 2014 dividend payout 133% higher than Q1 2013 • Dividend yield in-line with peers Share Repurchases • Deployed $53 million to repurchase >1 millio