Celanese Corporation · NYSE:CE

Celanese — Q2 2014 Earnings Presentation

14 slides from Celanese's earnings presentation, Jul 17, 2014

  1. Slide 1: Celanese Q2 2014 Earnings

    Celanese Q2 2014 Earnings Thursday, July 17, 2014 Conference Call / Webcast Friday, July 18, 2014 10:00 a.m. EDT © Celanese Mark Rohr, Chairman and Chief Executive Officer Chris Jensen, Senior Vice President, Finance Exhibit 99.3

  2. 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

  3. Slide 3: Mark Rohr, Chairman and Chief Executive Officer

    © Celanese Celanese Corporation 3 Mark Rohr Chairman and Chief Executive Officer

  4. Slide 4: Fairway: Clear Lake methanol project update, start-up October 1, 2015

    © Celanese Celanese Corporation 4 Fairway: Clear Lake methanol project update, start-up October 1, 2015 Status Update Working to close gap on construction schedule • 99.9% of equipment procured; below budget • Started steel erection • Contract for electrical & instrumentation awarded • All major equ

  5. Slide 5: Recent Highlights

    © Celanese Celanese Corporation 5 Recent Highlights *For additional details please refer to Investor Relations/Financial news on our website, www.celanese.com. • Opened Commercial Technology Center in Seoul, Republic of Korea • Expanding compounding capabilities in Nanjing, China and Florence, Kentu

  6. Slide 6: Innovation Success

    © Celanese Celanese Corporation 6 Innovation Success Electronics (Zenite® and Vectra LCP®) Non wovens (VAE Emulsion) *For additional details please refer to Investor Relations/Recent Business and Product Related Releases on our website, www.celanese.com. • Next generation of engineered materials • E

  7. Slide 7: Celanese Corporation Q2 2014 Highlights

    © Celanese Celanese Corporation 7 QoQ* YoY* 10% 8% 6% 4% 2% 0% -2% -4% Volume Price Currency Other Total $1,800 $1,200 $600 $0 30% 20% 10% 0% Q2 2013 Q1 2014 Q2 2014 16.0% 17.7% 18.6% $1,653 $1,705 $1,769 Celanese Corporation Q2 2014 Highlights Q2 Performance Factors Affecting Net Sales • Record adj

  8. Slide 8: Advanced Engineered Materials

    © Celanese Celanese Corporation 8 YoY Segment income highlights • Higher volumes globally driven by strong demand in automotive, industrial and medical • Favorable currency more than offset lower pricing due to product and geographical mix • Earnings from affiliates were consistent QoQ Segment incom

  9. Slide 9: Consumer Specialties

    © Celanese Celanese Corporation 9 Consumer Specialties Q2 Performance Factors Affecting Net Sales YoY Segment income highlights • Higher pricing of acetate tow partially offset by legacy contract in acetate flake • Lower costs driven by productivity initiatives • Lower volume following inventory bui

  10. Slide 10: Industrial Specialties

    © Celanese Celanese Corporation 10 Industrial Specialties Q2 Performance Factors Affecting Net Sales YoY Segment income highlights • Higher volumes in emulsion polymers primarily driven by strong demand for proprietary paints and coatings (Europe, Asia) and increased demand for EVA polymers (North A

  11. Slide 11: Acetyl Intermediates

    © Celanese Celanese Corporation 11 QoQ YoY 14% 12% 10% 8% 6% 4% 2% 0% -2% -4% Volume Price Currency Other Total Acetyl Intermediates Q2 Performance Factors Affecting Net Sales YoY Segment income highlights • VAM pricing increased due to strategic actions at non-integrated facilities in Europe and pl

  12. Slide 12: Chris Jensen, Senior Vice President, Finance

    © Celanese Celanese Corporation 12 Chris Jensen Senior Vice President, Finance

  13. Slide 13: Strong Cash Flow Generation

    © Celanese Celanese Corporation 13 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 • Net capex of $86 million in Q2 2014 • Continue to expect c

  14. Slide 14: Dividend and Share Repurchases

    © Celanese Celanese Corporation 14 Dividend Share Repurchases $100 $80 $60 $40 $20 $0 2013 average** Q1 2014 Q2 2014 Return of Cash to Shareholders Dividend • Q2 2014 dividend payout 179% higher than Q2 2013 • Dividend yield in-line with peers Share Repurchases • Deployed $50 million to repurchase a

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