Slide 1: Celanese Q3 2016 Earnings
© Celanese Celanese Corporation 1 Celanese Q3 2016 Earnings Monday, October 17, 2016 Conference Call / Webcast Tuesday, October 18, 2016 10:00 a.m. Eastern Time Mark Rohr, Chairman and Chief Executive Officer Chris Jensen, SVP Finance and Chief Financial Officer Scott Sutton, EVP and President, Mate
Slide 2: Forward-Looking Statements
© Celanese Celanese Corporation 2 Forward-Looking Statements This presentation contains "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 t
Slide 3: Recent Highlights
© Celanese Celanese Corporation 3 • Signed a definitive agreement to acquire 100% of the shares of Forli, Italy based SO.F.TER. Group, one of the world's largest independent thermoplastic compounders • Issued €750 million of 1.125% Senior Notes due 2023 and used €367 million of the proceeds to repay
Slide 4: SO.F.TER. acquisition: A meaningful step in Advanced Engineered Materials evolution
© Celanese Celanese Corporation 4 Differentiated model enables Step 1: April 2015 Differentiated Model Implementation Step 2: Organic Platform Extensions Step 3: Organic Platform Expansion SO.F.TER. acquisition: A meaningful step in Advanced Engineered Materials evolution Step 4: Programs Realigned
Slide 5: SO.F.TER. acquisition: New compounds strengthen Celanese's portfolio
© Celanese Celanese Corporation 5 SO.F.TER. acquisition: New compounds strengthen Celanese’s portfolio
Slide 6: SO.F.TER. acquisition: Global footprint
© Celanese Celanese Corporation 6 SO.F.TER. acquisition: Global footprint Worldwide Presence • 4 plants in Europe • 4 plants in Americas • Sales in 60 countries Overall Capacity • 55 production lines • 200 kT/year • 550 Employees Product Range • 9 platforms • 6000 SKUs
Slide 7: Opportunity Pipeline Examples
© Celanese Celanese Corporation 7 Opportunity Pipeline Examples Multi-Purpose CookwareUnder-Water Pool Lighting • Industry is switching to LEDs, which require heat dissipation but metal heat sinks get corroded • CoolPoly® polymer solutions provide both heat transfer and corrosion resistance to exten
Slide 8: Celanese Corporation Q3 2016 Highlights
© Celanese Celanese Corporation 8 Net sales (in millions) Factors Affecting Net Sales $1,500 $1,000 $500 $0 30% 20% 10% 0% Q3 2015 Q2 2016 Q3 2016 21.6% 23.1% 24.1% $1,413 $1,351 $1,323 Q3 Performance • Adjusted earnings per share of $1.67, a third quarter record • Adjusted EBIT of $319 million and
Slide 9: Materials Solutions
© Celanese Celanese Corporation 9 Net sales (in millions) Q3 Performance Factors Affecting Net Sales $600 $400 $200 $0 40% 20% 0% Q3 2015 Q2 2016 Q3 2016 36.8% 36.5% 38.1% $573 $600 $590 Total core income margin YoY Core income highlights • Strong volume growth more than offset the impact of lower a
Slide 10: Acetyl Chain
© Celanese Celanese Corporation 10 Q3 Performance Factors Affecting Net Sales YoY Core income highlights • Lower acetic acid and derivatives price principally driven by China and lower methanol prices, which more than offset the benefits of productivity initiatives QoQ Core income highlights • Lower
Slide 11: Cash Flow
© Celanese Celanese Corporation 11 Q3 2016 • Operating cash flow of $304 million • Free cash flow $237 million; expect our free cash flow in 2016 to exceed $850 million; on track to achieving our goal of generating $2.5 billion in FCF for the period 2016 through 2018 • Net capital expenditures were
Slide 12: Returning Cash to Shareholders
© Celanese Celanese Corporation 12 $2.8 billion returned to shareholders since 2007 via dividends and share repurchases Dividend Payout and Share Repurchases (in millions) Dividend Share Repurchases $600 $400 $200 $0 2013 2014 2015 YTD 2016* Share Repurchases Dividend • Repurchased ~1.5 million shar