Lyondellbasell Industries Nv · NYSE:LYB
Lyondellbasell Industries Nv — Q4 2012 Earnings Presentation
16 slides from Lyondellbasell Industries Nv's earnings presentation, Feb 1, 2013
Slide 1: Fourth-Quarter 2012 Earnings
Exhibit 99.2 Fourth-Quarter 2012 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Sergey Vasnetsov, SVP - Strategic Planning and Transactions Doug Pike, VP - Investor Relations February 1, 2013
Slide 2: Cautionary Statement
Cautionary Statement The information in this presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues, earnings, business strategies, competitive position or other aspects of our operations or operating results. Actual outcomes and resu
Slide 3: Information Related to Financial Measures
Information Related to Financial Measures We have included EBITDA in this presentation, which is a non-GAAP measure, as we believe that EBITDA is a measure commonly used by investors. However, EBITDA, as presented herein, may not be comparable to a similarly titled measure reported by other companie
Slide 4: Highlights
Highlights ($ in millions, except per share data) 4Q'12 3Q'12 4Q'11 FY 2012 FY 2011 (1) EBITDA $1,289 $1,565 $766 $5,856 $5,585 Income from Continuing Operations(1) $645 $851 $27 $2,858 $2,472 Diluted Earnings ($ / share) from Continuing Operations (1) $1.13 $1.47 $0.05 $4.96 $4.32 FY 2012 Record Ea
Slide 5: Record Health, Safety and Environmental Performance
Record Health, Safety and Environmental Performance Injuries per 200,000 Hours Indexed Environmental Incidents Indexed Process Incidents Worked (1) 0.60 100% 100% 0.45 75% 75% 0.30 50% 50% 0.15 25% 25% 0.00 0% 0% 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012 1) Includes employees and c
Slide 6: 2012 Accomplishments
2012 Accomplishments Overall Finance Manufacturing Commercial • Record earnings • Generated $4.8 billion cash • Increased NGL cracking by • All major expansion • 89% total return vs. 13% for from operations 10% to 85% of North projects on schedule S&P 500 (1) American ethylene • Defined next phase o
Slide 7: Key Volumes and Margins: 2010 - 2012
Key Volumes and Margins: 2010 - 2012 Ethylene Volumes Polyethylene Volumes Polypropylene Volumes I&D Chemical HRO Crude Oil Rates billion lbs billion lbs billion lbs billion lbs 12 Volumes (1) 300 MBPD 10 15 10 9.0 9.0 8.9 9.0 10.6 10.5 10.7 263 255 8.4 8.4 236 8 12 8 10 240 10.5 10.6 10.6 6 9 6 7 1
Slide 8: Fourth-Quarter 2012 and FY 2012 Segment EBITDA
Fourth-Quarter 2012 and FY 2012 Segment EBITDA Q4’12 EBITDA FY 2012 EBITDA $1,289 million $5,856 million Q4’12 Operating Income FY 2012 Operating Income $959 million $4,676 million ($ in millions) ($ in millions) $900 $3,000 Fourth-Quarter 2012 EBITDA FY 2012 EBITDA 750 2,500 600 2,000 450 1,500 300
Slide 9: Cash Flow
Cash Flow ($ in millions) FY 2012 May 2010 – December 2012 $6,000 $15,000 4,800 12,000 3,600 9,000 $2,732 2,400 6,000 1,200 3,000 $1,065 $2,711 $2,732 0 (1) (3) (1) 0 (1) 2012 CF from Working (2) Capex Dividends Net Debt Other 2012 May 2010 CF from Working (2) Capex(3) Dividends Net Debt Other 2012(
Slide 10: Working Capital and Key Financial Statistics
Working Capital and Key Financial Statistics Indexed Cash Fixed Cost (1) Capital Expenditures (2008 index = 100%) ($ in millions) 100% $1,200 75% 900 50% 600 25% 300 0% 0 2008 2009 2010 2011 2012 2010 2011 2012 Base Growth Working Capital(2) Free Cash Flow(3) ($ in millions) ($ in millions) $6,000 $
Slide 11: Olefins & Polyolefins - Americas Highlights and Business Drivers - 4Q'12
Olefins & Polyolefins - Americas Highlights and Business Drivers - 4Q’12 EBITDA(1) Performance vs. 3Q’12 ($ in millions) (1) EBITDA Margin Volume $1,000 U.S. Olefins • 100% capacity utilization 800 • Margin up driven by higher ethylene price 600 Polyethylene • Volumes relatively steady 400 • Spread
Slide 12: Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 4Q'12
Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 4Q’12 EBITDA Performance vs. 3Q’12 ($ in millions) EBITDA Margin Volume $400 EU Olefins • Margin near breakeven • Completed Wesseling turnaround 300 Polyethylene • Volumes relatively unchanged 200 Polypropylene (in
Slide 13: Intermediates & Derivatives Highlights and Business Drivers - 4Q'12
Intermediates & Derivatives Highlights and Business Drivers - 4Q’12 EBITDA Performance vs. 3Q’12 ($ in millions) $500 EBITDA Margin Volume Propylene Oxide and Derivatives 400 • Seasonal impact on volumes • Slow aircraft deicer sales 300 Intermediates • Seasonal impact on volumes and C4 200 chemical
Slide 14: Refining Highlights and Business Drivers - 4Q'12
Refining Highlights and Business Drivers - 4Q’12 EBITDA(1) Performance vs. 3Q’12 ($ in millions) $200 EBITDA (1) Margin Volume Houston Refinery 160 • Underlying EBITDA is relatively unchanged 120 • Q4 crude throughput: 255 MBPD; refinery operational limitations • Maya 2-1-1: $24.36 per bbl 80 40 4Q'
Slide 15: Fourth-Quarter Summary and Outlook
Fourth-Quarter Summary and Outlook Fourth-Quarter Summary Near-term Outlook – Strong U.S. Olefins results – Benefitting from low ethane and propane costs, increasing co-product values • Continued U.S. NGL advantage – Positive momentum building in: – Business declines driven by seasonal effects such
Slide 16: Save the Date
Save the Date Save the Date! We cordially invite you to attend LyondellBasell's Investor Day on March 13, 2013, in New York. At this half-day session, you will have an opportunity to interact with members of our leadership team and get an update on current results, near-term outlook and long-term pl
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