Celanese Corporation · NYSE:CE
Celanese — Q1 2026 Earnings Presentation
14 slides from Celanese's earnings presentation, May 6, 2026
Slide 1: Investor Presentation Q1 2026
Investor Presentation Q1 2026 May 2026
Slide 2: Disclosures
Disclosures Forward-Looking Statements This presentation may contain "forward-looking statements," which include information concerning Celanese Corporation’s (the “Company”) plans objectives, goals, strategies, future revenues, cash flow, financial performance, synergies, capital expenditures, dele
Slide 3: Discussion Topics
Discussion Topics Earnings update Key actions and near- term imperatives 3
Slide 4: Q1 2026 results and highlights
Q1 2026 results and highlights Q1 2026 Results Q1 2026 Highlights $3 M $0.85 Free Cash Flow* ▪ Solid start to year; positive Q1 FCF* for first time since 2022 FREE CASH FLOW* ADJUSTED EPS* Engineered Materials (EM) ▪ Favorable mix driven by consistent actions to improve pipeline quality and diversif
Slide 5: Q2 2026 outlook
Q2 2026 outlook Q2 2026 Outlook Q2 2026 Focus Areas ~ $2.00 - $2.40 ▪ Leveraged AC operating model to drive margin lift ADJUSTED EPS* GUIDANCE ▪ Continued focus in EM on enhanced mix and cost reductions, with moderate seasonal improvement ADJUSTED EBIT* GUIDANCE BY BUSINESS SEGMENT ▪ Ongoing executi
Slide 6: Continued focus on execution of actions drive sustained value creation in 2026 and beyond
Continued focus on execution of actions drive sustained value creation in 2026 and beyond INCREASE CASH INTENSIFY COST DRIVE TOP LINE FLOW IMPROVEMENT GROWTH ✓ Generated $773 million in 2025 free cash ✓ Realized $80 million in 2025 SG&A cost ✓ Adjusted EBITDA* of $1.2 billion in EM Actions flow* ann
Slide 7: Strong execution validates the differentiation and earnings power of the Acetyl Chain
Strong execution validates the differentiation and earnings power of the Acetyl Chain Carbon Acetyl Chain’s differentiated, Acetic Acid VAM Emulsions Powders Monoxide integrated global model and advantaged cost position Anhydride & enables decisive responses to Methanol Esters Flexible Entry into Ma
Slide 8: EM's commercial-led strategy enables growth and fortifies the operating framework
EM’s commercial-led strategy enables growth and fortifies the operating framework Grow + Fortify strategy enables unified path to profitable & resilient growth → Drive disciplined commercial → Reconfigure assets and execution simplify footprint Grow and Fortify Strategy: GROW FORTIFY → Mix shift to
Slide 9: Operational agility measures enhance the nylon platform and support the Grow and Fortify strategy
Operational agility measures enhance the nylon platform and support the Grow and Fortify strategy ADDRESSING KEY ACCELERATING LONG TERM CHALLENGES IN NYLON VALUE CREATION ▪ Network inefficiencies ✓ Optimized footprint Strategy progression in nylon: ▪ Unsustainable ✓ Enhanced productivity & feedstock
Slide 10: Recent actions reflect the next milestones in our execution journey since early 2025
Recent actions reflect the next milestones in our execution journey since early 2025 JAN 2025 TODAY Refinanced Announced Effectively Completed Micromax Generated $2.6 billion incremental extended divestiture for $773 million of near- term debt, $40 million $1.75 billion ~$500 million in free cash fl
Slide 11: Actions underway to drive earnings position us to increase 2026 free cash flow target to $700 - $800 million
Actions underway to drive earnings position us to increase 2026 free cash flow* target to $700 - $800 million FY Free cash flow* generation 2024 – 2026 ($M) ACTUALS Actions drive resilient and sustainable ESTIMATE $700 -$800 M free cash flow* execution $773 M Incremental earnings translate into impr
Slide 12: Strong and sustainable free cash flow generation and divestitures drive deleveraging
Strong and sustainable free cash flow* generation and divestitures drive deleveraging Free Cash Flow* and Divestitures ($M) Net Debt* ($B) and Leverage Ratio1 Accelerating cash flow capabilities and strategic divestitures… … increasingly deployed to deleveraging ~6x ~$2.5 B+ of Baseline Cash Generat
Slide 13: Achieved over $120 M cost savings in 2025; targeting incremental opportunities of ~$50 M - $70 M in 2026
Achieved over $120 M cost savings in 2025; targeting incremental opportunities of ~$50 M - $70 M in 2026 Cost Reduction Initiatives Cost Reduction Realization Targets by Year ($M) 2025 2026 2027 Near Term Cost $90 million Reductions of targeted annualized savings $80 $10 primarily through headcount
Slide 14: Celanese Offers a Compelling Investment Opportunity
Celanese Offers a Compelling Investment Opportunity Our mission is to position Celanese Leadership driving Actions underway to Strong earnings as a top quartile change deliver near-term leverage as demand company for total earnings improvement recovers shareholder return by delivering earnings growt