Slide 1: Celanese 2Q 2008 Earnings Conference Call / Webcast
1 Dave Weidman, Chairman and CEO Steven Sterin, Senior Vice President and CFO Celanese 2Q 2008 Earnings Conference Call / Webcast Tuesday, July 22, 2008 10:00 a.m. ET
Slide 2: Forward Looking Statements, Reconciliation and Use of Non-GAAP Measures
2 Forward Looking Statements, Reconciliation and Use of Non- GAAP Measures to U.S. GAAP Forward-Looking Statements This presentation may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capi
Slide 3: Dave Weidman, Chairman and Chief Executive Officer
3 Dave Weidman Chairman and Chief Executive Officer
Slide 4: Celanese Corporation 2Q 2008 Highlights
> Higher pricing on continued strong demand, increased volumes driven by Asia expansion and positive currency impacts drove record sales for the quarter > Advantaged feedstock positions helped to mitigate significantly higher raw material and energy costs Celanese Corporation 2Q 2008 Highlights
Slide 5: Operating EBITDA Growth Objectives
5 Operating EBITDA Growth Objectives Clear Path to 2010 Growth Objectives ► AEM: volume growth > 2X GDP through further penetration ► CIS: Acetate continues execution on revitalization strategy; Emulsions/PVOH revitalization commences ► AI: Nanjing acetic acid plant startup leads integrated complex
Slide 6: Steven Sterin, Senior Vice President and CFO
6 Steven Sterin Senior Vice President and CFO
Slide 7: Celanese Corporation Financial Highlights
> Net sales increased 20% from prior year > Higher pricing on strong demand > Growth in Asia > Favorable currency impacts > Operating profit more than doubled to $207 versus the prior year which included expenses related to a long-term management compensation program and impacts of the Clear Lake ou
Slide 8: Advanced Engineered Materials
Second Quarter 2008: ► Net sales increase driven by volume growth (8%) and positive currency effects (9%) ► Growth in China and non-automotive applications more than offset impacts of challenging U.S. automotive market ► Higher raw material and energy costs continue to pressure margins ► Operating E
Slide 9: Consumer Specialties
Second Quarter 2008: ► Net sales increase primarily driven by improved pricing on global demand and favorable currency impacts ► Higher pricing offset by significantly higher raw material and energy costs ► Operating EBITDA improvement driven by higher dividends from expanded China acetate ventures
Slide 10: Industrial Specialties
Second Quarter 2008: ► Increase in net sales primarily driven by favorable pricing and foreign currency effects ► Volumes pressured by declines in certain North American and European markets ► Operating EBITDA improvement mainly due to higher sales offsetting raw material cost pressures Industrial S
Slide 11: Acetyl Intermediates
Second Quarter 2008: ► Record sales for the quarter attributable to higher pricing on strong global demand, increased volumes from Nanjing and favorable currency impacts ► Volume and pricing strength more than offset high input costs versus the prior year which included impacts from the Clear Lake o
Slide 12: Affiliates Continue to Deliver Value
► Total affiliate earnings impact improved 28% to $92 million versus prior year ► Increased dividends from Ibn Sina methanol and MTBE cost affiliate more than offset performance of AEM affiliates currently pressured by high raw material and energy costs ► Cash from affiliates increased with higher d
Slide 13: Continued Strong Cash Generation
1 Amounts primarily associated with certain other charges and the cash outflows for purchases of other productive assets that are classified as ‘investing activities’ for U.S. GAAP purposes. Continued Strong Cash Generation
Slide 14: 2008 Business Outlook
14 Acetyl Intermediates Advanced Engineered Materials Consumer Specialties Industrial Specialties 2008 Guidance: Adjusted EPS $3.60 to $3.85 Operating EBITDA $1,355 to $1,415 million Forecasted 2008 adjusted tax rate of 26% 2008 Business Outlook
Slide 15: Celanese appendix
“9 Celanese —
Slide 16: 2Q 2008 Other Charges and Other Adjustments by Segment
2Q 2008 Other Charges and Other Adjustments by Segment
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
Slide 21: Reg G: Equity Affiliate Preliminary Results and Celanese Proportional Share
Reg G: Equity Affiliate Preliminary Results and Celanese Proportional Share - Unaudited