Slide 1: Celanese Q4 & FY 2015 Earnings
Celanese Q4 & FY 2015 Earnings Thursday, January 21, 2016 Conference Call / Webcast Friday, January 22, 2016 10:00 a.m. ET © Celanese Mark Rohr, Chairman and Chief Executive Officer Chris Jensen, Chief Financial Officer Exhibit 99.3 © Celanese Celanese Corporation 1
Slide 2: Forward-Looking Statements
© Celanese Celanese Corporation Forward-Looking Statements 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 informatio
Slide 3: Mark Rohr, Chairman and Chief Executive Officer
Mark Rohr Chairman and Chief Executive Officer © Celanese Celanese Corporation 3
Slide 4: Celanese Corporation 2015 Highlights
Factors Affecting Net Sales Changes FY YoY 5% 0% -5% -10% -15% -20% Volume Price CurrencyOther Total Net sales (in millions) 2015 Performance $6,000 $4,000 $2,000 $0 30% 20% 10% 0% FY 2014 FY 2015 18.6% 21.8% $6,802 $5,674 Celanese Corporation 2015 Highlights © Celanese Celanese Corporation • Record
Slide 5: Materials Solutions 2015 results
FY YoY 2% 0% -2% -4% -6% -8% -10% -12% -14% Volume Price Currency Other Total FY YoY Core income highlights • Adjusted EBIT in Engineered Materials1 expanded as prices remained relatively stable while raw material costs declined • Strong Engineered Materials performance, productivity and lower raw m
Slide 6: Acetyl Chain 2015 results
Factors Affecting Net Sales Changes FY YoY 5% 0% -5% -10% -15% -20% -25% Volume Price Currency Other Total Acetyl Chain 2015 results 2015 Performance © Celanese Celanese Corporation Net sales (in millions) Total core income margin $4,000 $3,000 $2,000 $1,000 $0 20% 16% 12% 8% 4% 0% FY 2014 FY 2015 1
Slide 7: Q4 2015 Recent Highlights
Q4 2015 Recent Highlights © Celanese Celanese Corporation 7 • Announced addition of Polyether Ether Ketone (PEEK) to the Engineered Materials portfolio in the second half of 2016 • Launched a global tribology product platform to meet the growing demand for high- performance materials for use in movi
Slide 8: Celanese Corporation Q4 2015 Highlights
Factors Affecting Net Sales Changes Quarter YoY QoQ 5% 0% -5% -10% -15% -20% Volume Price CurrencyOther Total Net sales (in millions) 2015 Performance $1,200 $600 $0 30% 20% 10% 0% Q4 2014 Q3 2015 Q4 2015 18.1% 21.6% 19.2% $1,559 $1,413 $1,334 Celanese Corporation Q4 2015 Highlights © Celanese Celan
Slide 9: Materials Solutions Q4 results
YoY Core income highlights • Expanded margin by holding pricing amid falling raw material costs • Productivity and lower energy and raw material costs more than offset volume decline driven by customer tow destocking • Equity earnings lower mainly due to impact of lower MTBE pricing on Ibn Sina QoQ
Slide 10: Acetyl Chain Q4 results
Acetyl Chain Q4 results Q4 Performance Factors Affecting Net Sales Changes © Celanese Celanese Corporation QoQ Core income highlights • Pricing declined due to weaker demand in Asia Net sales (in millions) Total core income margin $1,000 $800 $600 $400 $200 $0 16% 12% 8% 4% 0% Q4 2014 Q3 2015 Q4 201
Slide 11: Chris Jensen, Senior Vice President and Chief Financial Officer
Chris Jensen Senior Vice President and Chief Financial Officer © Celanese Celanese Corporation 11
Slide 12: Significant fourth quarter items impacting GAAP results
© Celanese Celanese Corporation 12 • Expense of $174 million related to the termination of an existing supplier agreement • Pension mark-to-market adjustment of $126 million, recognizing net actuarial losses and change in value of plan assets • Asset impairment loss of $123 million related to a writ
Slide 13: Strong Cash Flow Generation
Strong Cash Flow Generation • Record free cash flow of $733 million before the impact of a $177 million payment to terminate a supplier contract • Expect a modest increase in free cash flow in 2016 • Ended 2015 with ~$1 billion of cash • Net capex of $306 million in 2015; Expect 2016 to be in the $2
Slide 14: Dividend Payout and Share Repurchases
Dividend* Payout and Share Repurchases Dividend Share Repurchases $600 $500 $400 $300 $200 $100 $0 2012 2013 2014 2015 $88 $247 $394 $594 Return of Cash to Shareholders Share Repurchases • Deployed $420 million to repurchase ~6.6 million shares in 2015; reduced share count by 4.3% • ~$1 billion rema