Slide 1: Celanese Q3 2014 Earnings
Celanese Q3 2014 Earnings Monday, October 20, 2014 Conference Call / Webcast Tuesday, October 21, 2014 10:00 a.m. EDT © Celanese Mark Rohr, Chairman and Chief Executive Officer Chris Jensen, Senior Vice President, Finance 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: Innovation Success: Cigarette Filters and Anti-fog Film
© Celanese Celanese Corporation 4 Innovation Success Cigarette Filters (CelFX™) Anti-fog Film (Clarifoil® diacetate film) *For additional details please refer to www.celfx.com or www.clarifoil.com • Proprietary formulation makes film super hydrophilic • Commercialized in grocery store freezer doors
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. • Issued €300 million of 3.250% senior unsecured notes due 2019, redeemed on October 15, 2014 its $600 million 6.625% senior unsecured notes
Slide 6: Q3 Performance: Factors Affecting Net Sales
© Celanese Celanese Corporation 6 Factors Affecting Net Sales QoQ* YoY* 12% 10% 8% 6% 4% 2% 0% -2% -4% Volume Price Currency Other Total $1,800 $1,200 $600 $0 30% 20% 10% 0% Q3 2013 Q2 2014 Q3 2014 17.1% 18.6% 20.1% $1,636 $1,769 $1,769 Q3 Performance Celanese Corporation Q3 2014 Highlights Net sale
Slide 7: Advanced Engineered Materials Q3 Performance
© Celanese Celanese Corporation 7 YoY Segment income highlights • Higher volume driven by increased demand in auto and industrials in Europe and Asia • Lower pricing due to product and geographical mix • Higher affiliate earnings driven by turnaround at middle east affiliate last year that did not r
Slide 8: Consumer Specialties Q3 Performance
© Celanese Celanese Corporation 8 Consumer Specialties Q3 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
Slide 9: Industrial Specialties Q3 Performance
© Celanese Celanese Corporation 9 Industrial Specialties Q3 Performance Factors Affecting Net Sales YoY Segment income highlights • Volume declined due to planned turnaround in EVA polymers and lower demand for emulsion polymers in Europe driven by unseasonably warm weather conditions earlier in the
Slide 10: Acetyl Intermediates Q3 Performance
© Celanese Celanese Corporation 10 QoQ YoY 25% 20% 15% 10% 5% 0% -5% Volume Price Currency Other Total Acetyl Intermediates Q3 Performance Factors Affecting Net Sales YoY Segment income highlights • VAM pricing increased due to strategic actions at a non-integrated facility in Europe and unplanned i
Slide 11: Fairway: Clear Lake methanol project update
© Celanese Celanese Corporation 11 Fairway: Clear Lake methanol project update, expected start-up October 1, 2015 Status Update Working to pull project schedule forward • 99.9% of equipment procured; below budget • Key towers erected • Steel 60% complete • Started electrical work • Work on reformer
Slide 12: Methanol Headwind: Assumptions and Estimated Impact
© Celanese Celanese Corporation 12 • Start-up expected by October 1, 2015 implies methanol procured from: ◦ Q3 2015: 100% market minus big buyer discount ◦ Q4 2015 and onward: Roughly 2/3rd from Celanese share of Clear Lake methanol unit production; remaining 1/3rd at market minus big buyer discount
Slide 13: Offsets for Methanol and Other 2015 Headwinds
© Celanese Celanese Corporation 13 Offsets for Methanol and Other 2015 Headwinds Methanol Offsets Other 2015 Headwinds/Offsets • Excess cash deployment ◦ Modified debt structure ◦ Lower interest expense ◦ ~$0.15 adjusted EPS increase • Pan-European operating structure ◦ Implementation in first half
Slide 14: Chris Jensen, Senior Vice President, Finance
© Celanese Celanese Corporation 14 Chris Jensen Senior Vice President, Finance
Slide 15: Debt Maturity Profile as of September 30, 2014
© Celanese Celanese Corporation 15 Debt Maturity Profile as of September 30, 2014** 2014 2015 2016 2017 2018 2019 2020 2021 2022 Debt Maturity Profile as of June 30, 2014 2014 2015 2016 2017 2018 2019 2020 2021 2022 Revolver $600 Term Loan $971 AR Facility $135 Sr. Notes $600 Sr. Notes $400 Sr. Note
Slide 16: Strong Cash Flow Generation
© Celanese Celanese Corporation 16 Strong Cash Flow Generation • Record operating cash flow primarily driven by higher earnings and timing of cash taxes • Ended the quarter with $1.5 billion of cash, which temporarily includes $378 million of cash received from Euro note offering • Spent ~$620 milli
Slide 17: Return of Cash to Shareholders
© Celanese Celanese Corporation 17 Dividend Share Repurchases $140 $120 $100 $80 $60 $40 $20 $0 2013 average**Q1 2014 Q2 2014 Q3 2014 Return of Cash to Shareholders Share Repurchases • Spent $98 million to repurchase 1.6 million shares in Q3 • Remaining share repurchase authorization of $199 million