Celanese Corporation · NYSE:CE
Celanese — Q3 2017 Earnings Presentation
9 slides from Celanese's earnings presentation, Oct 16, 2017
Slide 1: Celanese Q3 2017 Earnings
© Celanese Celanese Corporation 1 Celanese Q3 2017 Earnings Monday, October 16, 2017 Conference Call / Webcast Tuesday, October 17, 2017 10:00 a.m. Eastern Time Mark Rohr, Chairman and Chief Executive Officer Chris Jensen, EVP and Chief Financial Officer Exhibit 99.1(b)
Slide 2: Forward-Looking Statements
© Celanese Celanese Corporation 2 Forward-Looking Statements This presentation contains "forward-looking statements," which include information concerning the Company's plans, objectives, goals, strategies, future revenues, synergies, performance, capital expenditures, financing needs and other info
Slide 3: Recent Highlights
© Celanese Celanese Corporation 3 • Completed de-bottlenecking projects over the last year that increased output by 10 percent per unit for select POM, UHMW-PE, PPS and PBT assets in the US, Germany, and China • Announced plans to add production lines in the US, Italy and China to expand compounding
Slide 4: Opportunity Pipeline Examples
© Celanese Celanese Corporation 4 Opportunity Pipeline Examples Automotive Air Duct Hand Tools • Vehicle weight reduction continues to be a top priority for the automotive industry • Celanese's PPS polymers combine weld-ability with heat and chemical resistance required in engine applications, while
Slide 5: Celanese Corporation Q3 2017 Highlights
© Celanese Celanese Corporation 5 Net sales (in millions) Factors Affecting Net Sales $1,500 $1,000 $500 $0 30% 20% 10% 0% Q3 2016 Q2 2017 Q3 2017 24.1% 21.6% 22.0% $1,323 $1,510 $1,566 Q3 Performance • Adjusted earnings per share of $1.93, an all-time record • Net sales of $1.6 billion, an 18% incr
Slide 6: Materials Solutions
© Celanese Celanese Corporation 6 Net sales (in millions) Q3 Performance Factors Affecting Net Sales $800 $600 $400 $200 $0 40% 20% 0% Q3 2016 Q2 2017 Q3 2017 38.1% 31.2% 31.0% $590 $709 $730 Total core income margin YoY Core income highlights • Volume growth in AEM, mainly from the Nilit and SO.F.T
Slide 7: Acetyl Chain
© Celanese Celanese Corporation 7 Q3 Performance Factors Affecting Net Sales YoY Core income highlights • Pricing expanded, mainly in acetic acid and VAM, driven by commercial actions and improving acetyls landscape, in excess of increase in raw material costs. • Volume growth in Europe and Asia off
Slide 8: Cash Flow
© Celanese Celanese Corporation 8 • Operating cash flow of $255 million • Free cash flow of $181 million; expect roughly $800 million for the year • Net capital expenditures of $64 million; expect 2017 to be in the $250-300 million range Free Cash Flow (in millions) Cash flow from operations Free ca
Slide 9: Returning Cash to Shareholders
© Celanese Celanese Corporation 9 $2.7 billion returned to shareholders since 2012 via dividends and share repurchases Dividend Payout and Share Repurchases (in millions) Dividend Share Repurchases $800 $600 $400 $200 $0 2014 2015 2016 YTD 2017* Share Repurchases Dividend • Repurchased ~2.0 million