Slide 1: Celanese 3Q 2007 Earnings Conference Call / Webcast
Dave Weidman, Chairman and CEO Steven Sterin, Senior Vice President and CFO Celanese 3Q 2007 Earnings Conference Call / Webcast Tuesday, October 23, 2007 10:00 a.m. ET
Slide 2: Forward Looking Statements, Reconciliation and Use of Non-GAAP Measures to U.S. GAAP
Forward Looking Statements, Reconciliation and Use of Non- GAAP Measures to U.S. GAAP
Slide 3: Celanese resegmentation: Realigning the businesses to accelerate growth
Acetyl Intermediates Formaldehyde VAM Acetic Acid Differentiated Intermediates Specialty Products Building Block Celanese resegmentation: Realigning the businesses to accelerate growth Raw Materials Advanced Engineered Materials (AEM) Industrial Specialties (IS) Anhydride and esters Consumer Special
Slide 4: Dave Weidman, Chairman and Chief Executive Officer
Dave Weidman Chairman and Chief Executive Officer
Slide 5: Celanese Corporation Q3 2007 Highlights
Celanese Corporation Q3 2007 Highlights in millions (except EPS) 3rd Qtr 2007 3rd Qtr 2006 Net Sales $1,573 $1,471 Operating Profit $147 $172 Adjusted EPS $0.73 $0.71 Operating EBITDA $302 $296 Note: All figures exclude results of the divested Oxo Alcohol business. The results of the discontinued Ed
Slide 6: 2007 Business Outlook
Advanced Engineered Materials Continue >2x GDP volume growth across transportation and non-transportation end-uses Continuing high raw material costs Consumer Specialties Improved earnings continue from revitalization efforts Integration of APL acquisition Strong underlying business fundamentals Ind
Slide 7: Celanese continues to execute its growth strategy
Celanese continues to execute its growth strategy $300 - $350 million increased EBITDA profile plus EPS potential by 2010 Group Asia Revitalization Innovation Organic Balance Sheet Operational Excellence EBITDA Impact Advanced Engineered Materials X X X X > $100MM Consumer and Industrial Specialties
Slide 8: Steven Sterin, Senior Vice President and CFO
Steven Sterin Senior Vice President and CFO
Slide 9: Celanese Corporation Financial Highlights
Celanese Corporation Financial Highlights in millions (except EPS) 3rd Qtr 2007 3rd Qtr 2006 Net Sales $1,573 $1,471 Operating Profit $147 $172 Net Earnings $128 $109 Special Items Other Charges/Adjustments $40 $16 Adjusted EPS $0.73 $0.71 Effective Tax Rate 28% 25% Diluted Share Basis 167.4 171.2 O
Slide 10: Advanced Engineered Materials
in millions 3rd Qtr 2007 3rd Qtr 2006 Net Sales $258 up 12% $230 Operating EBITDA $70 up 4% $67 Advanced Engineered Materials Third Quarter 2007: Net sales increase driven by strong volume growth (11%) and currency effect (4%) offset by pricing declines related to product and application mix Volume
Slide 11: Consumer Specialties
Third Quarter 2007: Increased revenues primarily attributable to $59 million of additional net sales from APL and higher pricing on continued strong global demand for Acetate Products Continued volume growth in Sunett(r) partially offset lower overall pricing for the sweetener Increased volumes, hig
Slide 12: Industrial Specialties
Third Quarter 2007: Net sales decrease primarily driven by lower volumes resulting from the unplanned outage at the Clear Lake facility and the subsequent force majeure Higher pricing and favorable currency impacts could not offset the significantly lower volumes and higher raw material costs Indust
Slide 13: Acetyl Intermediates
Acetyl Intermediates in millions 3rd Qtr 2007 3rd Qtr 2006 Net Sales $859 down 1% $872 Operating EBITDA $178 up 1% $177 Third Quarter 2007: Higher pricing, favorable currency effects and production from the new Nanjing unit positively impacted results Challenged with reduced volumes resulting from t
Slide 14: Strong performance continues for Equity and Cost Investments
Q3 2006 Q3 2007 YTD 2006 YTD 2007 Q3 2006 Q3 2007 YTD 2006 YTD 2007 Q3 2007: Earnings impact higher than cash flows primarily due to increased earnings in the equity affiliates of Advanced Engineered Materials Updated FY 2007 Income Guidance: Income significantly above 2006 full-year performance of
Slide 15: Continued strong cash generation
Continued strong cash generation ($ in millions) YTD 2007 YTD 2006 Net cash provided by operating activities $279 $444 Operating cash used in discontinued operations $92 ($7) Net cash provided by operating activities from continuing operations $371 $437 Less: Capital expenditures $217 $171 Add: Othe
Slide 16: Appendix
“8 Celanese Appendix
Slide 17: Reg G: Reconciliation of Adjusted EPS
Reg G: Reconciliation of Adjusted EPS
Slide 18: Reg G: Reconciliation of Net Debt
Reg G: Reconciliation of Net Debt
Slide 19: Reg G: Other Charges and Other Adjustments
Reg G: Other Charges and Other Adjustments
Slide 20: Reg G: Reconciliation of Operating EBITDA
Reg G: Reconciliation of Operating EBITDA