Slide 1: Celanese Q4 2013 Earnings
Celanese Q4 2013 Earnings Thursday, January 23, 2014 Conference Call / Webcast Friday, January 24, 2014 10:00 a.m. ET © Celanese Mark Rohr, Chairman and Chief Executive Officer Steven Sterin, Senior Vice President and Chief Financial Officer Exhibit 99.2 © Celanese Celanese Corporation 1
Slide 2: Forward-looking statements
This presentation, and public statements made in connection with this presentation, may contain “forward-looking statements,” which include information concerning the company's plans, objectives, goals, strategies, future net sales or performance, capital expenditures, financing needs and other info
Slide 3: Mark Rohr, Chairman and Chief Executive Officer
Mark Rohr Chairman and Chief Executive Officer © Celanese Celanese Corporation 3
Slide 4: Recent Highlights
Recent Highlights © Celanese Celanese Corporation 4 Clear Lake Methanol • Received final greenhouse gas permit from the US EPA • Broke ground on project in January 2014 • Plans align with mid-2015 start-up • However could slip into 3Q 2015 • Secured bridge methanol supply agreement through end of 20
Slide 5: Q4 2013 Highlights
YoY* QoQ* 10% 8% 6% 4% 2% 0% -2% -4% -6% Volume Price Currency Other Total Net sales (in millions) Q4 Performance $1,800 $1,200 $600 $0 30% 20% 10% 0% Q4 2012 Q3 2013 Q4 2013 12.5% 17.1% 15.1% $1,501 $1,636 $1,616 Celanese Corporation Q4 2013 Highlights Factors Affecting Net Sales Changes © Celanese
Slide 6: Advanced Engineered Materials Q4 Performance
YoY Segment income highlights • Engineered materials base business grew 53%, offset by affiliate planned turnaround activity and weaker performance • Higher volumes driven by stronger auto builds and increased auto penetration QoQ Segment income highlights • Volumes reflect normal and expected seaso
Slide 7: Consumer Specialties Q4 Performance
Consumer Specialties Q4 Performance Factors Affecting Net Sales Changes © Celanese Celanese Corporation YoY Segment income highlights • Higher pricing in cellulose derivatives QoQ Segment income highlights • Efficiency programs more than offset by lower seasonal volumes in cellulose derivatives • Hi
Slide 8: Industrial Specialties Q4 Performance
Industrial Specialties Q4 Performance Factors Affecting Net Sales Changes © Celanese Celanese Corporation 8 QoQ Segment income highlights • Volumes reflect normal seasonality in emulsion polymers in Europe and Asia, partially offset by higher EVA polymers volumes in North America Net sales (in milli
Slide 9: Acetyl Intermediates Q4 Performance
Acetyl Intermediates Q4 Performance Factors Affecting Net Sales Changes © Celanese Celanese Corporation 9 YoY Segment income highlights • Higher volumes from initial industrial ethanol sales • Lower pricing in VAM, partially offset by higher acid pricing QoQ Segment income highlights • Higher VAM vo
Slide 10: Outlook for 2014
Outlook* for 2014 © Celanese Celanese Corporation 10 Potential contribution (in millions) Celanese-specific initiatives Improving plant operations ~$45 Creating Upstream & downstream efficiencies ~$25 Translating innovation ~$30 • $20-30 million savings from closure of two units in Europe • Target $
Slide 11: Steven Sterin, Senior Vice President and Chief Financial Officer
Steven Sterin Senior Vice President and Chief Financial Officer © Celanese Celanese Corporation 11
Slide 12: Fourth quarter accounting items, excluded from adjusted EPS
Fourth quarter accounting items, excluded from adjusted EPS Pension • $106 million net gain related to mark-to-market • $71 million net gain associated with settlements and curtailments of certain defined pension plans and other postretirement benefit plan obligations Sale of Kelsterbach site • $742
Slide 13: Adjusted Free Cash Flow
Adjusted Free Cash Flow Strong Cash Flow Generation © Celanese Celanese Corporation 13 Continue to focus on a balanced capital deployment strategy (in millions) Q4 2013 FY 2013 Cash flow from operations $154 $762 Adjusted free cash flow $37 $372 Adjusted FCF as % net sales 2.3% 5.7% • 2013 record op
Slide 14: Dividend Payout and Share Repurchases
~2 X increas e Dividend* Payout and Share Repurchases Dividend Share Repurchases $300 $250 $200 $150 $100 $50 $0 2009 2010 2011 2012 2013 Return of Cash to Shareholders Dividend • 93% increase in cash dividends paid in 2013 compared to 2012 • Dividend yield in-line with peers Share Repurchases • Dep