Celanese Corporation · NYSE:CE
Celanese — Q2 2017 Earnings Presentation
9 slides from Celanese's earnings presentation, Jul 24, 2017
Slide 1: Celanese Q2 2017 Earnings
© Celanese Celanese Corporation 1 Celanese Q2 2017 Earnings Monday, July 24, 2017 Conference Call / Webcast Tuesday, July 25, 2017 10:00 a.m. Eastern Time Mark Rohr, Chairman and Chief Executive Officer Chris Jensen, EVP and Chief Financial Officer Exhibit 99.3
Slide 2: Forward-Looking Statements
© Celanese Celanese Corporation 2 Forward-Looking Statements This presentation contains "forward-looking statements," which include information concerning the Company's plans, objectives, goals, strategies, future revenues, synergies, performance, capital expenditures, financing needs and other info
Slide 3: Recent Highlights
© Celanese Celanese Corporation 3 • Signed an agreement with Blackstone to combine Celanese's cellulose derivatives and Blackstone's Rhodia Acetow businesses in a 70-30 JV, pending approvals. JV expected to distribute $1.6 billion dividend to Celanese at close • Completed the acquisition of the nylo
Slide 4: Opportunity Pipeline Examples
© Celanese Celanese Corporation 4 Opportunity Pipeline Examples Personal Care Devices Maritime Lighting • Increasing customer requirement for more durable personal care devices with better aesthetics • Celanese's MetaLX® polymers provide resistance to heat, chemical, scratch, and stain with metal-li
Slide 5: Celanese Corporation Q2 2017 Highlights
© Celanese Celanese Corporation 5 Net sales (in millions) Factors Affecting Net Sales $1,500 $1,000 $500 $0 30% 20% 10% 0% Q2 2016 Q1 2017 Q2 2017 23.1% 22.6% 21.6% $1,351 $1,471 $1,510 Q2 Performance • Adjusted earnings per share of $1.79, a second quarter record • Adjusted EBIT of $326 million and
Slide 6: Materials Solutions Q2 Performance
© Celanese Celanese Corporation 6 Net sales (in millions) Q2 Performance Factors Affecting Net Sales $800 $600 $400 $200 $0 40% 20% 0% Q2 2016 Q1 2017 Q2 2017 36.5% 34.5% 31.2% $600 $705 $709 Total core income margin YoY Core income highlights • Solid volume growth across geographies and market segm
Slide 7: Acetyl Chain Q2 Performance
© Celanese Celanese Corporation 7 Q2 Performance Factors Affecting Net Sales YoY Core income highlights • Pricing expanded in excess of higher raw material costs and more than offset higher costs from Clear Lake turnaround • Higher raw material costs primarily driven by methanol, ethylene, and carbo
Slide 8: Cash Flow
© Celanese Celanese Corporation 8 • Operating cash flow of $298 million • Free cash flow of $240 million; should be roughly $850 million for the year • Net capital expenditures of $54 million; expect 2017 to be in the $250-$300 million range Free Cash Flow (in millions) Cash flow from operations Fre
Slide 9: Returning Cash to Shareholders
© Celanese Celanese Corporation 9 $2.4 billion returned to shareholders since 2012 via dividends and share repurchases Dividend Payout and Share Repurchases (in millions) Dividend Share Repurchases $800 $600 $400 $200 $0 2014 2015 2016 YTD 2017* Share Repurchases Dividend • Repurchased ~2.0 million