Lyondellbasell Industries Nv · NYSE:LYB
Lyondellbasell Industries Nv — Bank of America Global Agriculture and Materials Conference 2026
17 slides from Lyondellbasell Industries Nv's conference presentation, Feb 26, 2026
Slide 1: Bank of America Global Materials Conference
Bank of America Agustin Izquierdo Global Materials Conference Chief Financial Officer February 26th, 2026
Slide 2: Cautionary statement
Cautionary statement 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 of LyondellBasell which are believed to be reasonable at the time made and are subject
Slide 3: 2025 highlights
2025 highlights Exceptional cash conversion amid challenging market conditions $(0.7) B $(2.34) $1.1 B $2.3 B Net loss Diluted loss per share EBITDA Cash from operating activities $0.6 B $1.70 $2.5 B 95% Net income Diluted earnings per share EBITDA Cash Conversion ex. identified items ex. identified
Slide 4: Generating cash despite difficult market conditions
Generating cash despite difficult market conditions Consistent cash conversion through the bottom of the cycle Cash conversion $2.3 B Cash from operating activities 2025 98% 96% 95% 90% 88% 83% $3.4 B Cash and cash equivalents December 31, 2025 3.7x Net debt to EBITDA ex. identified items December 3
Slide 5: Optimizing capital allocation
Optimizing capital allocation Enhancing financial flexibility while delivering shareholder returns over the cycle Recalibrating the dividend, reflecting a 50% reduction Dividend Yield Post-Adjustment1 • Quarterly dividend reset to $0.69/share • Improves flexibility to optimize across our capital all
Slide 6: Global market dynamics turning more supportive
Global market dynamics turning more supportive Tightening inventories, capacity rationalization, increased manufacturing activity and consistent consumer spending supports a more constructive outlook US PE inventories in December ~4 days below China’s anti-involution measures accelerating The U.S. m
Slide 7: Near-term market outlook
Near-term market outlook Challenging, but stable markets with good demand for North American polyolefins • Seasonal improvement in demand • Steady demand for non-durables and North • January polyethylene price increase Packaging essentials-driven packaging from consumer and healthcare end-markets Am
Slide 8: Appendix
Appendix
Slide 9: Information related to financial measures
Information related to financial measures This presentation makes reference to certain “non-GAAP” financial measures as defined in Regulation G of the U.S. Securities Exchange Act of 1934, as amended. We report our financial results in accordance with U.S. generally accepted accounting principles, b
Slide 10: Information related to financial measures (continued)
Information related to financial measures (continued) We also present EBITDA, net income and diluted EPS exclusive of identified items. Identified items include adjustments for lower of cost or market ("LCM"), gain or loss on sale of business, asset write- downs in excess of $10 million in aggregate
Slide 11: Information related to financial measures (continued)
Information related to financial measures (continued) Reconciliations of Net Loss to Net Income Excluding Identified Items and to EBITDA Including and Excluding Identified Items Y e a r Ende d De c e mbe r 3 1, Millions of dolla rs 2025 Net loss $ (738) Identified items less: Loss on sale of busines
Slide 12: Information related to financial measures (continued)
Information related to financial measures (continued) Reconciliation of Diluted EPS to Diluted EPS Excluding Identified Items Year Ended Decem ber 31, 2025 Diluted earnings loss per share $ (2.34) Identified items less: Loss on sale of business 0.02 (a) add: Asset write-downs 3.62 add: Cash Improvem
Slide 13: Information related to financial measures (continued)
Information related to financial measures (continued) Reconciliation of Total Debt to Net Debt and Calculation of Net Debt to EBITDA excluding Identified Items Decem ber 31, Millions of dollars 2025 Current maturities of long-term debt $ 588 Short-term debt 226 Long-term debt 12,124 Total debt 12,93
Slide 14: Information related to financial measures (continued)
Information related to financial measures (continued) Reconciliation of Net Cash Provided by Operating Activities to EBITDA Including and Excluding Identified Items Year Ended Decem ber 31, Millions of dollars 2020 2021 2022 2023 2024 2025 Net cash provided by operating activities $ 3,404 $ 7,695 $
Slide 15: Information related to financial measures (continued)
Information related to financial measures (continued) Calculation of Dividend Yield As Of February 20, 2026 Annual dividend $ 2.76 divided by: Share price $ 56.67 Dividend yield 4.9% 15
Slide 16: LyondellBasell
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Slide 17: Solutions for a better tomorrow
Solutions for a better tomorrow
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