Lyondellbasell Industries Nv · NYSE:LYB
Lyondellbasell Industries Nv — Q1 2010 Earnings Presentation
19 slides from Lyondellbasell Industries Nv's earnings presentation, May 7, 2010
Slide 1: LyondellBasell First-Quarter 2010 Earnings Conference Call
lyondellbasell f Executiv Kent Potter - E inan May 7, 2010 lyondellbasell.com
Slide 2: Disclaimer and Notice
Disclaimer and Notice The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made, and are subject to significant r
Slide 3: Key Investment Highlights
Key Investment Highlights lyondellbasell.com First-Quarter 2010 Earnings Conference Call 3
Slide 4: First-Quarter Highlights
First-Quarter Highlights • EBITDAR: $640 million • Strong North American ethylene and Intermediates & Derivatives results • Improving refining margins • March results represent nearly half of quarterly EBITDAR lyondellbasell.com First-Quarter 2010 Earnings Conference Call 4
Slide 5: LyondellBasell Safety Performance 2003-2010
LyondellBasell Safety Performance 2003-2010 3.00 Injuries per 1,000,000 hours worked- Employees and Contractors 2.50 2.00 1.50 1.00 0.50 0.00 2003 2004 2005 2006 2007 2008 2009 Apr-10 YTD lyondellbasell.com First-Quarter 2010 Earnings Conference Call 5
Slide 6: LyondellBasell First-Quarter 2010 EBITDAR
LyondellBasell First-Quarter 2010 EBITDAR 300 250 200 USD, million 150 100 50 0 Olefins & Olefins & Intermediates & Refining & Technology Polyolefins - Polyolefins - EAI Derivatives Oxyfuels Americas lyondellbasell.com First-Quarter 2010 Earnings Conference Call 6
Slide 7: First-Quarter Cash Flow
First-Quarter Cash Flow 1,200 1,000 800 USD, millions 600 558 537 400 200 0 4Q09 Ending CFO excluding Working Debt Increase Capex (1) Other 1Q10 Ending Cash W/C Capital (ABL) Cash 1) Includes deferred spending lyondellbasell.com First-Quarter 2010 Earnings Conference Call 7
Slide 8: Working Capital and Liquidity
Working Capital and Liquidity Working Capital Liquidity 6 3 4 2 USD, billion USD, billion 2 1 0 0 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 -2 Total WC Inventory AR AP -4 lyondellbasell.com First-Quarter 2010 Earnings Conference Call 8
Slide 9: Corporate Items
Corporate Items Capex Cost Reduction Employee/Contractor reductions Terni PP Plant Future Accounting Measures lyondellbasell.com First-Quarter 2010 Earnings Conference Call 9
Slide 10: Olefins & Polyolefins – Americas Performance
Olefins & Polyolefins – Americas Performance YTD EBITDAR 400 350 300 USD, million 250 200 150 100 50 0 -50 Olefins PE PP JV Dividends lyondellbasell.com First-Quarter 2010 Earnings Conference Call 10
Slide 11: Olefins & Polyolefins – Americas Highlights and Business Drivers – 1Q10
Olefins & Polyolefins – Americas Highlights and Business Drivers – 1Q10 First-Quarter 2010 Results Indicative Margins $274 million EBITDAR 40 35 30 (cents/pound) 25 20 US Olefins 15 Strong ethylene margins / 10 industry supply disruptions 5 0 ~70% of ethylene from NGLs -5 1Q 09 4Q 09 1Q 10 Apr-10 Et
Slide 12: Olefins & Polyolefins – Europe, Asia, International Performance
Olefins & Polyolefins – Europe, Asia, International Performance YTD EBITDAR 75 50 USD, million 25 0 Olefins PE PP PCMA/PB-1 JV Dividends lyondellbasell.com First-Quarter 2010 Earnings Conference Call 12
Slide 13: Olefins & Polyolefins – Europe, Asia, International Highlights and Business Drivers – 1Q10
Olefins & Polyolefins – Europe, Asia, International Highlights and Business Drivers – 1Q10 First-Quarter 2010 Results Indicative Margins 25 $152 million EBITDAR n 20 n 15 (cents/pound) 10 EU Olefins 5 Results generally in line with 4Q 0 Berre turnaround -5 1Q 09 4Q 09 1Q 10 Apr-10 Naphtha Margin PE
Slide 14: Intermediates & Derivatives Performance
Intermediates & Derivatives Performance First-Quarter 2010 Results Propylene Oxide and Derivatives YTD EBITDAR 150 Improved volumes due to expanding end-use demand, competitor downtime USD, millions 100 Intermediates 50 • Stronger C4 chemical margins partially offset acetyls weakness 0 Propylene Oxi
Slide 15: Refining & Oxyfuels Performance
Refining & Oxyfuels Performance YTD EBITDAR 40 30 20 USD, million 10 0 -10 -20 -30 Houston Berre Oxyfuels lyondellbasell.com First-Quarter 2010 Earnings Conference Call 15
Slide 16: Refining & Oxyfuels Highlights and Business Drivers – 1Q10
Refining & Oxyfuels Highlights and Business Drivers – 1Q10 First-Quarter Results Spreads 25 $4 million EBITDAR 20 (US$/bbl) 15 Houston Refining 10 Crude throughput: 263 MB/D 5 Maya 2-1-1 spread: $15.79/bbl 0 Improved operations and heavy- 1Q 09 4Q 09 1Q 10 Apr-10 light crude differential WTI-Maya WT
Slide 17: Technology Performance
Technology Performance lyondellbasell.com First-Quarter 2010 Earnings Conference Call 17
Slide 18: First-Quarter Summary and Outlook
First-Quarter Summary and Outlook lyondellbasell.com First-Quarter 2010 Earnings Conference Call 18
Slide 19: Our Back-To-Basics Strategy
Our Back-To-Basics Strategy • Operational excellence • Cost reduction and revenue enhancement • Capital discipline • Portfolio management • Performance culture • Technology-driven growth lyondellbasell.com First-Quarter 2010 Earnings Conference Call 19
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