Lyondellbasell Industries Nv · NYSE:LYB
Lyondellbasell Industries Nv — Q1 2011 Earnings Presentation
14 slides from Lyondellbasell Industries Nv's earnings presentation, May 2, 2011
Slide 1: First-Quarter 2011 Earnings
First-Quarter 2011 Earnings Jim Gallogly, Chief Executive Officer Kent Potter, Chief Financial Officer Sergey Vasnetsov, SVP - Strategic Planning and Transactions Doug Pike, VP - Investor Relations May 2, 2011
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 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 East 390 537 783 526 640 1403 1230 762 1391 Quarterly EBITDA(2) Jan 2009 - Mar 2011 1) Represents a combination of predecessor (April 1, 2010 - April 30, 2010) and successor (May 1, 2010 - March 31, 2011) periods. For periods prior to May 1, 20
Slide 5: LyondellBasell Safety Performance
LyondellBasell Safety Performance Overall safety performance is among the best in the industry Contractor performance has improved significantly over the last two quarters Bayport Polymers plant received 2010 Distinguished Safety Award from NPRA
Slide 6: First-Quarter 2011 and Last-Twelve-Months Segment EBITDA
LyondellBasell First-Quarter 2011 and Last- Twelve-Months (LTM) Segment EBITDA March 2011 LTM EBITDA LTM EBITDA (1), (2) $4,797 million ex $42 million LCM charge LTM Operating Income (2), (3) $3,642 million 1Q11 EBITDA $1,402 million 1Q11 Operating Income $1,065 million First-Quarter 2011 EBITDA ..
Slide 7: Cash Flow
Cash Flow 1) Includes inventories, accounts payable, and accounts receivable. 2) Includes capital and maintenance turnaround spending. (2) First Quarter 2011 Since Emergence (May 1, 2010) (2) (1) (1)
Slide 8: Working Capital and Liquidity
Working Capital and Liquidity Working Capital (1) Liquidity Snapshot at Mar. 31, 2011 Liquidity: ~ $6.3 billion Net Debt: ~ $1.7 billion 1) Beginning in the second quarter 2010, working capital accounts reflect the impact of reorganization and fresh-start accounting adjustments.
Slide 9: Olefins & Polyolefins - Americas
Olefins & Polyolefins - Americas Highlights and Business Drivers - 1Q11 U.S. Olefins Expanded ethylene margin ~70% of ethylene from NGLs Polyethylene Volume improvement from seasonally lower fourth quarter Polypropylene (includes Catalloy) Catalloy strength Ethylene Chain Margins (per CMAI) EBITDA (
Slide 10: Olefins & Polyolefins - Europe, Asia, International
Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 1Q11 EU Olefins Margin recovery from crude oil based squeeze in the fourth quarter Butadiene remains strong Polyethylene Some pressure from imports Polypropylene (includes Catalloy) Expanded margins, lower fixed co
Slide 11: Intermediates & Derivatives
Intermediates & Derivatives Highlights and Business Drivers - 1Q11 1) Represents a combination of predecessor (January 1, 2010 - April 30, 2010) and successor (May 1, 2010 and thereafter) periods. For periods prior to May 1, 2010, operating income and EBITDAR are calculated on a current cost invento
Slide 12: Refining & Oxyfuels
Refining & Oxyfuels Highlights and Business Drivers - 1Q11 Houston Refinery Crude thruput: 258 MB/D Maya 2-1-1: $23.69 / bbl Margin expansion, Houston FCCU turnaround Berre Refinery Crude thruput: 101 MB/D Urals 4-1-2-1: $7.81 / bbl Oxyfuels Seasonal margin recovery Refining Spreads (per Platts) EBI
Slide 13: Technology
Technology Highlights and Business Drivers - 1Q11 Continued strong catalyst results Licensing income from previous activity First-Quarter 2011 Results $91 million EBITDA Lupotech Technology
Slide 14: First-Quarter Summary and Outlook
First-Quarter Summary and Outlook Houston refinery operating with improved FCCU and strong industry spreads Channelview olefins plant turnaround 10 percent redemption of 8% Notes Annual Meeting of shareholders - May 5; Key proposals Supervisory Board expansion Dividend initiation Near-term Outlook M
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