14 slides from Lyondellbasell Industries Nv's earnings presentation, Oct 28, 2011
Slide 1: Third-Quarter 2011 Earnings
Third-Quarter 2011 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Kent Potter, Principal Financial Officer Sergey Vasnetsov, SVP - Strategic Planning and Transactions Doug Pike, VP - Investor Relations October 28, 2011
Slide 2: 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
Slide 3: 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
Slide 4: Highlights
Highlights EBITDA(1)(2) 1Q'10 - 3Q'11 1) Represents a combination of predecessor (January 1, 2010 - April 30, 2010) and successor (May 1, 2010 and thereafter) periods. For periods prior to May 1, 2010, EBITDA is calculated on a current cost inventory basis. For periods beginning on May 1, 2010, and
Slide 5: Safety Performance
Safety Performance Overall safety performance continues to improve and remains among the best in the industry 1) Includes employees and contractors. 2011 YTD as of September 30, 2011. Injuries per 200,000 Hours Worked(1)
Slide 6: 3Q'11 and YTD 2011 Segment EBITDA
Sept 2011 YTD EBITDA 3Q'11 and YTD 2011 Segment EBITDA Sept 2011 YTD EBITDA $4,743 million Sept 2011 YTD Operating Income $3,797 million 3Q'11 EBITDA $1,788 million 3Q'11 Operating Income $1,467 million Third-Quarter 2011 EBITDA ($ in millions) ($ in millions)
Slide 7: Cash Flow
Cash Flow 1) Includes inventories, accounts payable and accounts receivable. 2) Includes capital and maintenance turnaround spending. 3) 3Q '11 beginning and ending cash balance includes cash, cash equivalents and restricted cash. Third-Quarter 2011 Since Emergence (May 1, 2010) (2) (1) (3) ($ in mi
Slide 8: Working Capital and Liquidity
Working Capital and Liquidity Snapshot at September 30, 2011 Liquidity: ~ $7.9 billion Net Debt: ~ ($0.1) billion Cash: ~ $5.9 billion 1) Figures depicted represent end of quarter balances. ($ in billions) ($ in billions) Working Capital(1) Liquidity and Cash Balance
Slide 9: Olefins & Polyolefins - Americas
3Q'10 2Q'11 3Q'11 Oct-11 Olefins & Polyolefins - Americas Highlights and Business Drivers - 3Q'11 U.S. Olefins Expanded ethylene margin ~75% of ethylene from NGLs Polyethylene Margin compression from price decline Polypropylene (includes Catalloy) Near breakeven Pressured by high propylene price Eth
Slide 10: Olefins & Polyolefins - Europe, Asia, International
Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 3Q'11 EU Olefins Cracker margin lower Butadiene margin increased Polyethylene Near breakeven Volume up 6% Polypropylene (includes Catalloy) Commodity PP breakeven PP compounds strong JV dividends Saudi and Thailand
Slide 11: Intermediates & Derivatives
Intermediates & Derivatives Highlights and Business Drivers - 3Q'11 1) Represents a combination of predecessor (January 1, 2010 - April 30, 2010) and successor (May 1, 2010 and thereafter) periods. For periods prior to May 1, 2010, EBITDA is calculated on a current cost inventory basis. For periods
Slide 12: Refining & Oxyfuels
Refining & Oxyfuels Highlights and Business Drivers - 3Q'11 Houston Refinery Crude throughput: 269 MBPD Maya 2-1-1: $23.53 / bbl Crude optimization Berre Refinery Crude throughput: 79 MBPD Urals 4-1-2-1: $8.76 / bbl Oxyfuels Seasonal margin decline in later part of quarter Refining Spreads (per Plat
Slide 13: Technology
Technology Highlights and Business Drivers - 3Q'11 Continued strong catalyst results Third-Quarter 2011 Results $45 million EBITDA Hostalen Technology
Slide 14: Third-Quarter Summary and Outlook
Third-Quarter Summary and Outlook Ethane cracking remains advantaged vs. naphtha, although Gulf Coast profit margins anticipated to be lower in 4Q'11 vs. 3Q'11 Midwest margins remain very strong Volatile pricing in olefins chain, particularly co-products Seasonal impacts including: Refining and oxyf