Lyondellbasell Industries Nv · NYSE:LYB
Lyondellbasell Industries Nv — Q2 2025 Earnings Presentation
22 slides from Lyondellbasell Industries Nv's earnings presentation, Aug 1, 2025
Slide 1: Second Quarter 2025 Earnings
Second Quarter 2025 Earnings August 1, 2025
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 Focus on safety remains our foundation for delivering reliable operations Injuries per 200,000 hours worked 0.7 0.6 0.5 0.4 0.3 0.2 0.1 2010-2014 2015-2019 2023 2024 June 2025 YTD LyondellBasell ACC Top Quartile Sources: American Chemistry Council (ACC) and LyondellBasell. Notes:
Slide 4: Strategic criteria to grow and upgrade the core
Strategic criteria to grow and upgrade the core Focusing resources on profitable growth through active portfolio management Our strategic priorities… … are exemplified by our recent actions LYB capacity in • '22 Apr | Australia PP divested cost-advantaged regions1 1 Leading market positions • '23 Ma
Slide 5: Portfolio optimization improves LYB cost advantage
Portfolio optimization improves LYB cost advantage LYB is well-positioned to serve markets from our cost-advantaged asset base Regional Cost to Produce Ethylene1 North America and Middle East $/MT • Structurally low costs, globally competitive, moderate capacity expansions 1000 • LYB strategy: maint
Slide 6: Taking action to maximize cash flow
Taking action to maximize cash flow Cash Improvement Plan and additional initiatives for 2026 USD, Billions $1.1 B+ Cash Improvement Plan • Targeting $200 MM in trade working capital reductions and $1.0 $200 MM in fixed cost reductions1,2 by the end of 2025 0.3 • 2025 CAPEX guidance revised down $20
Slide 7: Second quarter 2025 highlights
Second quarter 2025 highlights Increased production and margin recovery amid prolonged market headwinds $115 MM $0.34 $606 MM $351 MM Net income Diluted EPS EBITDA Cash from operating activities $202 MM $0.62 $715 MM $536 MM Net income Diluted EPS EBITDA Dividends and share ex. identified items ex.
Slide 8: Balancing our capital allocation strategy
Balancing our capital allocation strategy Pulling levers to navigate the bottom of the cycle and maintain real options for growth • Our Cash Improvement Plan is delivering results and CAPEX on track to achieve $600 MM of cash flow improvement USD, Billions1 in 20252 • 2023-2026 CAPEX planned to be ~
Slide 9: Disciplined capital allocation
Disciplined capital allocation Navigating the cycle and maintaining an investment-grade balance sheet USD, billions Advancing the strategy $3 • Announced the planned sale of four European assets • Cash Improvement Plan is on track to achieve $600 MM of incremental cash flow during 20253 • Value Enha
Slide 10: Continuing to return cash to shareholders
Continuing to return cash to shareholders Commitment enabled by strong balance sheet and efficient cash conversion Cash conversion Cash from operating activities $2.4 B 2Q25 last 12 months 89% Cash and cash equivalents 80% $1.7 B June 30, 2025 Net debt to EBITDA ex. identified items 3.2x June 30, 20
Slide 11: 2Q25 segment highlights
2Q25 segment highlights Less downtime, improved integrated PE margins and favorable feedstock costs EBITDA variance by segment ex. identified items USD, millions $79 $715 $655 $67 $29 $(6) $(18) $(12) $606 $576 1Q25 O&P Americas O&P EAI I&D APS Technology Other 2Q25 EBITDA EBITDA ex. identified item
Slide 12: Olefins & Polyolefins – Americas
Olefins & Polyolefins – Americas Higher integrated PE margins coupled with improved production following unplanned downtime EBITDA ex. identified items 2Q25 market dynamics USD, millions • US/Canada domestic polyethylene sales grew 3.5% vs. 1Q25, with industry volumes reaching their highest level si
Slide 13: Olefins & Polyolefins – Europe, Asia & International
Olefins & Polyolefins – Europe, Asia & International Higher integrated margins on lower feedstock costs coupled with improving seasonal demand EBITDA ex. identified items 2Q25 market dynamics USD, millions • Lower naphtha and LPG costs drove margin improvement $81 $70 • Increased seasonal demand $46
Slide 14: Intermediates & Derivatives
Intermediates & Derivatives Improved styrene and PO margins partially offset by unusually low summertime oxyfuel margins EBITDA ex. identified items 2Q25 market dynamics USD, millions • Industry supply disruptions coupled with lower feedstock costs $794 supported profitable margins for LYB styrene b
Slide 15: Advanced Polymer Solutions
Advanced Polymer Solutions Stable results despite demand challenges EBITDA ex. identified items 2Q25 market dynamics USD, millions $46 • Demand from automotive market gained some momentum relative to $40 $40 low absolute levels • Lower demand from construction and electronics markets $32 Near-term o
Slide 16: Technology
Technology Catalyst performance affected by planned outages coupled with licensing softness EBITDA ex. identified items 2Q25 market dynamics USD, millions • Planned catalyst maintenance increased costs for the quarter • Catalyst demand softened amid market uncertainty • Reduced licensing revenue due
Slide 17: Near-term market outlook
Near-term market outlook Trade flows adapting to tariff volatility • Polyethylene price increase in June • Steady global demand even in periods Packaging of economic uncertainty North • Continued strength in domestic demand America • Increased export volumes as customers adapt to tariff-related unce
Slide 18: Navigating the cycle and preserving real options for growth
Navigating the cycle and preserving real options for growth Our actions Executing our Cash Improvement Plan to enhance resilience • On track to achieve $600 MM of cash flow improvement for 20251 • Streamlining our organization, optimizing trade working capital and reducing capital expenditure Additi
Slide 19: Appendix
Appendix
Slide 20: LyondellBasell 2025 modeling information update
LyondellBasell 2025 modeling information update (USD, millions) 1Q 2Q 3Q 4Q 2025 Capital Expenditures Total CAPEX Major planned O&P Americas ~$105 ~$85 -- -- ~$190 ~$1.7 B maintenance Sustaining | Profit Generating CAPEX estimated EBITDA ~$1.2 B | ~$0.5 B impact O&P EAI -- -- -- -- -- Financial Metr
Slide 21: 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 22: 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 on sale of business, asset write-downs in excess of $10 million in aggregate for th
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