LyondellBasell Industries NV · NYSE:LYB

LyondellBasell Industries NV — Q3 2011 Earnings Presentation

14 slides from LyondellBasell Industries NV's earnings presentation, Oct 28, 2011

  1. Slide 1: Third-Quarter 2011 Earnings

    Third-Quarter 2011 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Kent Potter, Principal Financial Officer Sergey Vasnetsov, SVP - Strategic Planning and Transactions Doug Pike, VP - Investor Relations October 28, 2011

  2. Slide 2: Information Related to Financial Measures

    Information Related to Financial Measures We have included EBITDA in this presentation, which is a non-GAAP measure, as we believe that EBITDA is a measure commonly used by investors. However, EBITDA, as presented herein, may not be comparable to a similarly titled measure reported by other companie

  3. Slide 3: Cautionary Statement

    Cautionary Statement The information in this presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues, earnings, business strategies, competitive position or other aspects of our operations or operating results. Actual outcomes and resu

  4. Slide 4: Highlights

    Highlights ($ in millions, except per share data) 3Q'11 2Q'11 3Q'10 (1)(2) EBITDA $1,788 $1,553 $1,230 Net Income $895 $804 $467 Diluted Earnings ($ / share) $1.51 $1.38 $0.84 (1)(2) Net Debt / LTM EBITDA (0.0x) 0.2x 0.7x • Quarterly EBITDA and EPS increase of 15% and 9%, respectively from 2Q’11 • Q

  5. Slide 5: Safety Performance

    Safety Performance Injuries per 200,000 Hours Worked(1) 0.50 0.45 0.40 0.35 0.30 2006 2007 2008 2009 2010 2011 YTD • Overall safety performance continues to improve and remains among the best in the industry 1) Includes employees and contractors. 2011 YTD as of September 30, 2011. lyondellbasell.com

  6. Slide 6: 3Q'11 and YTD 2011 Segment EBITDA

    3Q’11 and YTD 2011 Segment EBITDA 3Q‘11 EBITDA Sept 2011 YTD EBITDA $1,788 million $4,743 million 3Q‘11 Operating Income Sept 2011 YTD Operating Income $1,467 million $3,797 million ($ in millions) ($ in millions) $750 Third-Quarter 2011 EBITDA $2,000 Sept 2011 YTD EBITDA 600 1,600 450 1,200 300 800

  7. Slide 7: Cash Flow

    Cash Flow ($ in millions) Third-Quarter 2011 Since Emergence (May 1, 2010) $7,500 $10,000 6,000 $5,901 8,000 $4,937 $5,901 4,500 6,000 3,000 4,000 $2,711 1,500 2,000 0 0 (1) (2) (3) (1) (2) (3) 3Q'11 CF from Working Debt Capex Other 3Q'11 May 1, 2010 CF from Working Debt Capex Other 3Q'11 Beginning

  8. Slide 8: Working Capital and Liquidity

    Working Capital and Liquidity Working Capital(1) Liquidity and Cash Balance ($ in billions) ($ in billions) $8 $8 Liquidity 7 Cash $6 6 $4 5 $2 4 $0 3 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 ($2) ($4) Snapshot at September 30, 2011 ($6) Liquidity: ~ $7.9 billion Total WC Inventor

  9. Slide 9: Olefins & Polyolefins - Americas Highlights and Business Drivers - 3Q'11

    Olefins & Polyolefins - Americas Highlights and Business Drivers - 3Q’11 EBITDA(1) Performance vs. 2Q’11 ($ in millions) $800 EBITDA Margin Volume U.S. Olefins • Expanded ethylene margin 600 • ~75% of ethylene from NGLs Polyethylene 400 • Margin compression from price decline 200 Polypropylene (incl

  10. Slide 10: Olefins & Polyolefins - Europe, Asia, International

    Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 3Q’11 EBITDA(1) Performance vs. 2Q’11 ($ in millions) EBITDA Margin Volume $400 EU Olefins • Cracker margin lower • Butadiene margin increased 300 Polyethylene • Near breakeven 200 • Volume up 6% Polypropylene (inc

  11. Slide 11: Intermediates & Derivatives Highlights and Business Drivers - 3Q'11

    Intermediates & Derivatives Highlights and Business Drivers - 3Q’11 EBITDA(1) Performance vs. 2Q’11 ($ in millions) $350 300 EBITDA Margin Volume Propylene Oxide and Derivatives 250 • Continued strong results • Margin expansion • Particular strength in solvents and 200 butanediol 150 Intermediates 1

  12. Slide 12: Refining & Oxyfuels Highlights and Business Drivers - 3Q'11

    Refining & Oxyfuels Highlights and Business Drivers - 3Q’11 EBITDA(1) Performance vs. 2Q’11 ($ in millions) EBITDA Margin Volume $600 Houston Refinery • Crude throughput: 269 MBPD 450 • Maya 2-1-1: $23.53 / bbl • Crude optimization 300 Berre Refinery • Crude throughput: 79 MBPD • Urals 4-1-2-1: $8.7

  13. Slide 13: Technology Highlights and Business Drivers - 3Q'11

    Technology Highlights and Business Drivers - 3Q’11 Third-Quarter 2011 Results $45 million EBITDA • Continued strong catalyst results Hostalen Technology lyondellbasell.com Third-Quarter 2011 Earnings 13

  14. Slide 14: Third-Quarter Summary and Outlook

    Third-Quarter Summary and Outlook Third-Quarter Summary Near-term Outlook • Record quarterly earnings • Ethane cracking remains advantaged vs. naphtha, although Gulf Coast • Continued strong performance profit margins anticipated to be across all segments lower in 4Q‘11 vs. 3Q‘11 • Continued to bene

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