Slide 1: Investor Presentation Q2 2026
Investor Presentation Q2 2026 August 2026
Slide 2: Disclosures
Disclosures Forward-Looking Statements This presentation may contain "forward-looking statements," which include information concerning Celanese Corporation’s (the “Company”) plans objectives, goals, strategies, future revenues, cash flow, financial performance, synergies, capital expenditures, dele
Slide 3: Discussion Topics
Discussion Topics Earnings update Key actions and near- term imperatives 3
Slide 4: Q2 2026 results and highlights
Q2 2026 results and highlights Q2 2026 Results Q2 2026 Highlights Engineered Materials (EM) $140 M $2.45 Delivered highest total variable margin in EM history Strong contribution from strategic growth platforms, FREE CASH FLOW* ADJUSTED EPS* particularly in medical and electronics Price execut
Slide 5: Q3 2026 outlook
Q3 2026 outlook Q3 2026 Outlook Q3 2026 Focus Areas Continued focus in EM on growth platforms, while $1.35 - $1.75 mitigating higher input costs ADJUSTED EPS* GUIDANCE Drive AC business model to maximize margin opportunity in Western Hemisphere as supply- related opportunities normalize ADJUSTED
Slide 6: Continued execution of actions drives sustained value creation in 2026 and beyond
Continued execution of actions drives sustained value creation in 2026 and beyond INCREASE CASH INTENSIFY COST DRIVE TOP LINE FLOW IMPROVEMENT GROWTH Initiated commissioning of downstream Reduced total debt by fully repaying 2026 Targeting ~$140 to $180 million VAE reactor in AC maturities inc
Slide 7: Actions underway support ~$140 M to $180 M of cumulative cost reduction realization in 2026-2027
Actions underway support ~$140 M to $180 M of cumulative cost reduction realization in 2026-2027 Cost Reduction Initiatives Expected Cost Reduction Realization Targets by Year ($M) Lower functional costs, 2026 2027 Functional Cost and including SG&A Functional Net Interest Expense reductions + decre
Slide 8: Execution of the Grow and Fortify strategy is already driving EM earnings performance in 2026
Execution of the Grow and Fortify strategy is already driving EM earnings performance in 2026 Actions Driving Strong Q1-Q3 2026 Performance & YoY Growth Grow:and Fortify Strategy: Grow +20% - 24% → Drive disciplined commercial Expected Adj. EBIT* growth through first three quarters execution → Impro
Slide 9: EM's Grow and Fortify strategy drives disciplined, intentional approach focused on high quality growth
EM’s Grow and Fortify strategy drives disciplined, intentional approach focused on high quality growth Strong focus on attractive, high-growth subsegments like AI and medical… …delivers near-term and longer-term growth CE Applications YoY Net Sales Increase – Medical and Electronics AI server shipme
Slide 10: Western Hemisphere focus drives AC earnings power and future growth opportunity
Western Hemisphere focus drives AC earnings power and future growth opportunity Increasing Focus in WH and Leveraging Downstream Margin Stability Average Percent of AC Net Sales Derived from WH Adjusted EBIT* ($M) Industry leading reliability makes AC a preferred partner for customers 321 73% 73% 13
Slide 11: Actions underway to deliver sustainable free cash flow baseline of $700 - $800 million
Actions underway to deliver sustainable free cash flow* baseline of $700 - $800 million in 2026 and beyond FY Free cash flow* generation 2024 – 2026 ($M) ACTUALS $700 -$800 M Actions drive resilient and sustainable ESTIMATE free cash flow* execution $773 M Incremental earnings benefit free cash flow
Slide 12: Strong and sustainable free cash flow generation and divestitures drive deleveraging
Strong and sustainable free cash flow* generation and divestitures drive deleveraging Free Cash Flow* and Divestitures ($M) Net Debt* ($B) and Leverage Ratio1 Accelerating cash flow capabilities and strategic divestitures… …deployed to deleveraging ~6x ~$2.5 B+ of Baseline Cash Generation Targeted ~
Slide 13: Positioning debt maturities 12-18 months out to pay with cash generation, with revolver available as a bridge
Positioning debt maturities 12-18 months out to pay with cash generation, with revolver available as a bridge for timing Cash + Liquidity Available for Debt Paydown in the next 12 – 18 months Refinancing Principles Near-term Projected Cash Additional Bond Maturities Generation Liquidity Opportunisti
Slide 14: Celanese Offers a Compelling Investment Opportunity
Celanese Offers a Compelling Investment Opportunity Our mission is to position Celanese Growth pathways that Actions underway to Strong earnings as a top quartile target attractive, deliver near-term leverage as demand company for total scalable end markets earnings improvement recovers shareholder