Lyondellbasell Industries Nv · NYSE:LYB

Lyondellbasell Industries Nv — Q3 2014 Earnings Presentation

13 slides from Lyondellbasell Industries Nv's earnings presentation, Oct 24, 2014

  1. Slide 1: Third-Quarter 2014 Earnings

    Exhibit 99.2 Third-Quarter 2014 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Sergey Vasnetsov, SVP – Strategic Planning and Transactions Doug Pike, VP – Investor Relations lyondellbasell.com

  2. 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 which are believed to be reasonable at the time made and are subject to significant ris

  3. 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

  4. Slide 4: Highlights

    Highlights ($ in millions, except per share data) 3Q'14 2Q'14 3Q'13 EBITDA $2,035 $1,941 $1,531 Income from Continuing Operations $1,260 $1,173 $854 Diluted Earnings ($ / share) from Continuing Operations $2.46 $2.22 $1.51 LTM EBITDA – $7,187 million LTM EPS – $8.49 per share ($ in millions) EBITDA

  5. Slide 5: LyondellBasell Safety Performance

    LyondellBasell Safety Performance Safety - Injuries per 200,000 Hours Worked(1) 0.5 0.4 0.3 0.2 0.1 0.0 2009 2010 2011 2012 2013 2014 Q3 YTD 1) Includes employees and contractors. lyondellbasell.com 5

  6. Slide 6: Third Quarter 2014 and Last Twelve Months (LTM) Segment EBITDA

    Third Quarter 2014 and Last Twelve Months (LTM) Segment EBITDA Q3’14 EBITDA LTM Sept. 2014 EBITDA $2,035 million $7,187 million Q3’14 Operating Income LTM Sept. 2014 Operating Income $1,706 million $5,923 million ($ in millions) ($ in millions) Third Quarter 2014 EBITDA LTM September 2014 EBITDA $1,

  7. Slide 7: Cash Flow

    Cash Flow ($ in millions) Q3 2014 LTM September 2014 $12,000 $12,000 10,000 10,000 8,000 8,000 6,000 6,000 4,000 4,000 $4,414 $3,529 $2,929 $2,929 2,000 2,000 0 0 Q3 2014 (1) CF from Working (2) Capex (3) Dividends & Net Debt Other Q3 2014 (1) Q4 2013 (1) CF from Working (2) Capex (3) Dividends & Ne

  8. Slide 8: Strong Cash Generation, Share Repurchases & Dividends

    Strong Cash Generation, Share Repurchases & Dividends Cash From Operations Dividends & Share Repurchases ($ in millions) ($ in millions) $7,000 $7,000 6,000 6,000 5,000 5,000 4,000 4,000 3,000 3,000 2,000 2,000 1,000 1,000 2011 2012 2013 LTM Sept 2014 2011 2012 2013 LTM Sep 2014 Capex Free Cash Flow

  9. Slide 9: Olefins & Polyolefins – Americas Highlights and Business Drivers – 3Q'14

    Olefins & Polyolefins – Americas Highlights and Business Drivers – 3Q’14 (2) EBITDA Performance vs. 2Q’14 ($ in millions) U.S. Olefins EBITDA Margin Volume $1,200 • Net sales and internal consumption 1,000 increased ~80 MM lbs. • Ethylene price higher by ~8¢/lb 800 • Lower NGL costs 600 Polyethylene

  10. Slide 10: Olefins & Polyolefins – Europe, Asia, International Highlights and Business Drivers – 3Q'14

    Olefins & Polyolefins – Europe, Asia, International Highlights and Business Drivers – 3Q’14 (2) EBITDA Performance vs. 2Q’14 ($ in millions) EBITDA Margin Volume $400 EU Olefins • Higher naphtha margin • Advantaged feedstocks ~55% 300 • Operating rate ~95% Polyethylene 200 • Margins up slightly • Vo

  11. Slide 11: Intermediates & Derivatives Highlights and Business Drivers – 3Q'14

    Intermediates & Derivatives Highlights and Business Drivers – 3Q’14 EBITDA Performance vs. 2Q’14 (2) ($ in millions) EBITDA Margin Volume $500 Propylene Oxide and Derivatives 400 • PO derivative margins higher • PO volume up 300 Intermediates • Styrene margins down ~3¢/lb 200 • Volume stable Oxyfuel

  12. Slide 12: Refining Highlights and Business Drivers – 3Q'14

    Refining Highlights and Business Drivers – 3Q’14 EBITDA Performance vs. 2Q’14 (2) ($ in millions) EBITDA Margin Volume $200 Houston Refinery • Maya 2-1-1: $24.35 per bbl, down $2.66 from 2Q’14 150 • Crude throughput: 264 MBPD • Cost of RINs flat 100 • Scheduled hydrodesulfurization maintenance durin

  13. Slide 13: Third Quarter Summary and Outlook

    Third Quarter Summary and Outlook Third Quarter Summary Near-Term Outlook Record earnings driven by record U.S. industry conditions remain O&P Americas results favorable, but lower crude price and seasonal factors expected to O&P Americas re-started the La Porte negatively impact the fourth quarter

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