Slide 1: Celanese Q1 2013 Earnings
1 Mark Rohr, Chairman and Chief Executive Officer Steven Sterin, Senior Vice President and Chief Financial Officer Celanese Q1 2013 Earnings Thursday, April 18, 2013 Conference Call / Webcast Friday, April 19, 2013 10:00 a.m. EDT EX 99.2
Slide 2: Change in accounting policy regarding pension and other postretirement benefits
2 Change in accounting policy regarding pension and other postretirement benefits Effective January 1, 2013, we elected to change our policy for recognizing actuarial gains and losses and the change in fair value of plan assets for our defined benefit pension plans and other postretirement benefit p
Slide 3: Non-US GAAP Financial Information
3 Non-US GAAP Financial Information Reconciliation of Non-U.S. GAAP Measures to U.S. GAAP This presentation reflects the following performance measures: adjusted EBIT, operating EBITDA, adjusted earnings per share, net debt and adjusted free cash flow as non-U.S. GAAP measures. These measurements ar
Slide 4: Mark Rohr, Chairman and Chief Executive Officer
4 Mark Rohr Chairman and Chief Executive Officer
Slide 5: Improved transparency and consistency
5 Improved transparency and consistency Note: *For additional details and adjusted historical data pertaining to mark-to-market accounting, please refer to the company’s current report on Form 8-K furnished to the SEC on April 2, 2013 available at www.celanese.com under the Investor Relations sectio
Slide 6: Long-term Strategic Activities
6 Long-term Strategic Activities ► Signed a Memorandum of Understanding (MOU) with Pertamina ► Intend to establish a JV with CE majority share ► CE would license its leading TCX® Technology to the venture ► Expect to complete this phase of MOU by end of 2013 Indonesia fuel ethanol ► Unit mechanicall
Slide 7: Celanese Corporation Q1 2013 Highlights
7 ► 44% YoY* and 54% QoQ* growth of adjusted EPS including Acetate dividend of $24 million ► Adjusted EBIT margins of 16.8% ► Operating cash flow of $147 million and adjusted free cash flow of $64 million Celanese Corporation Q1 2013 Highlights Q1 2012** $0.79 Q4 2012** $0.74 Q1 2013 $1.14 Adjusted
Slide 8: Advanced Engineered Materials
8 QoQ adjusted EBIT highlights ► Increased auto applications more than offset ongoing weakness in European auto builds ► Favorable product mix, higher medical applications ► Raw materials slightly favorable ► Lower affiliate earnings due to lower MTBE pricing in Ibn Sina Q1 Performance Factors Affec
Slide 9: Consumer Specialties
9 QoQ adjusted EBIT highlights ► $24 million in cash dividends from China acetate ventures ► Operational reliability and higher pricing more than offset higher raw material costs ► Ceased production at Spondon lowering energy and operating costs Consumer Specialties Q1 Performance Factors Affecting
Slide 10: Industrial Specialties
10 QoQ adjusted EBIT highlights ► Seasonal trends in Emulsions in Europe and North America ► Raw materials stable ► Continued poor photovoltaic demand for some EVA products Industrial Specialties Q1 Performance Factors Affecting Net Sales Changes -7% 0% 0% -4% -3% 15% 0% 1% 0% 14% Volume Price Curre
Slide 11: Acetyl Intermediates
11 QoQ adjusted EBIT highlights ► Improved demand for acetic acid and downstream derivatives in North America and Asia outside of China ► Demand in China lower due to the timing of Chinese New Year Acetyl Intermediates Q1 Performance Factors Affecting Net Sales Changes -5% 0% 0% -1% -4% 5% 0% 1% -1%
Slide 12: Innovation success
12 Innovation success Electronics Automotive ► Initial application around the compact camera module on existing platform ► Expanded to a handful of applications on the new platform rolling out this summer ► Opportunity beyond smartphones in other electronic devices ► Polymer chemistry combined with
Slide 13: April: Outlook for 2013
13 April: Outlook for 2013 Segment Income outlook Celanese • Continue to drive productivity programs Advanced Engineered Materials • Base business growth due to breath of portfolio, despite weakness in European auto build • Offset by timing of turnarounds at affiliates Consumer Specialties • Ceased
Slide 14: Steven Sterin, Senior Vice President and Chief Financial Officer
14 Steven Sterin Senior Vice President and Chief Financial Officer
Slide 15: Track record of strong cash flow generation
15 Track record of strong cash flow generation $215 $147 $112 $64 Q1 2012 Q1 2013 Cash Flow from Operations Adjusted Free Cash Flow Adjusted Free Cash Flow (off Operating EBITDA base) in millions Cash Taxes $175 - $225 Capital Expenditures $375 - $400 Reserve Spending $0 - $50 Net Interest $180 - $1
Slide 16: Improved credit profile and continue to return cash to shareholders
16 Improved credit profile and continue to return cash to shareholders ► Reduced net debt to just below $2.1 billion as of March 31, 2013, second lowest quarterly level in eight years ► Improved net debt leverage and interest coverage ratios 2009 2010 2011 2012 ► Steadily increased our dividend at >
Slide 17: Tax rate discussion
17 Tax rate discussion Q1 2012 -61% Q1 2013 35% Effective US GAAP tax rate ► Q1 2012 tax benefit driven by recognition of $142 million of foreign tax credit ► Q1 2013 higher proportion of earnings in United States with high statutory rates ► Expect adjusted tax rate of 19% for 2013 Q1 2012 17% Q1 20
Slide 18: Appendix
9 Celanese Appendix
Slide 19: Reconciliation of Consolidated Net Earnings (Loss) to Adjusted EBIT and Operating EBITDA
19 Reconciliation of Consolidated Net Earnings (Loss) to Adjusted EBIT and Operating EBITDA - Non U.S. GAAP Measures - Unaudited March 31, December 31, March 31, LTM (1) 2013 2012 2012 2013 2012 2011 2010 2009 Net earnings (loss) 142 (169) 193 321 372 427 312 403 (Earnings) loss from discontinued op
Slide 20: Segment Data and Reconciliation of Operating Profit (Loss) to Adjusted EBIT
20 Segment Data and Reconciliation of Operating Profit (Loss) to Adjusted EBIT and Operating EBITDA - Non-U.S. GAAP Measures - Unaudited N et S al es A dv an ce d En gi ne er ed M at er ia ls 32 9 29 9 31 7 C on su m er S pe ci al tie s 29 5 28 1 26 4 I nd us tr ia l S pe ci al tie s 28 8 25 1 30 9
Slide 21: Adjusted Earnings (Loss) Per Share Reconciliation
21 Adjusted Earnings (Loss) Per Share - Reconciliation of a Non- U.S. GAAP Measure - Unaudited per share per share per share per share Earnings (loss) from continuing operations 141 0.88 (167) (1.05) 193 1.21 376 2.35 Deduct: Income tax (provision) benefit (77) 96 73 55 Earnings (loss) from continui
Slide 22: Other Charges and Other Adjustments Reconciliation
22 Other Charges and Other Adjustments - Reconciliation of a Non-U.S. GAAP Measure - Unaudited Other Charges (Gains), net: March 31, December 31, March 31, LTM (1) 2013 2012 2012 2013 2012 2011 2010 2009 Employee termination benefits 2 4 — 8 6 22 32 105 Kelsterbach plant relocation 2 2 — 9 7 47 26 1
Slide 23: Adjusted Free Cash Flow Reconciliation
23 Adjusted Free Cash Flow - Reconciliation of a Non-U.S. GAAP Measure - Unaudited 2013 2012 Net cash provided by operating activities 147 215 Adjustments to operating cash for discontinued operations (1) — Net cash provided by operating activities from continuing operations 146 215 Capital expendit
Slide 24: Net Debt Reconciliation
24 Net Debt - Reconciliation of a Non-U.S. GAAP Measure - Unaudited LTM (1) March 31, 2013 2012 2011 2010 2009 Short-term borrowings and current installments of long-term debt - third party and affiliates 112 168 144 228 242 Long-term debt 2,959 2,930 2,873 2,990 3,259 Total debt 3,071 3,098 3,017 3