Lyondellbasell Industries Nv · NYSE:LYB

Lyondellbasell Industries Nv — Q1 2013 Earnings Presentation

13 slides from Lyondellbasell Industries Nv's earnings presentation, Apr 26, 2013

  1. Slide 1: First-Quarter 2013 Earnings

    Exhibit 99.2 April 26, 2013 First-Quarter 2013 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Sergey Vasnetsov, SVP - Strategic Planning and Transactions Doug Pike, VP - Investor Relations

  2. 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

  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. Before the first quarter of 2013, we reported EBITDA including certain adjustments. The EBITDA previously reported w

  4. Slide 4: Highlights

    Highlights ($ in millions, except per share data) 1Q'13 4Q'12 1Q'12 EBITDA $1,585 $1,265 $1,227 Income from Continuing Operations $906 $645 $594 Diluted Earnings ($ / share) from Continuing Operations $1.56 $1.13 $1.03 EBITDA Growth vs. Q4’12: 25% EPS Growth vs. Q4’12: 38% EBITDA Growth vs. Q1’12: 2

  5. Slide 5: LyondellBasell Safety Performance

    LyondellBasell Safety Performance Injuries per 200,000 Hours Worked(1) 0.5 0.4 0.3 0.2 0.1 0.0 2009 2010 2011 2012 Q1'13 • Sustained excellent safety results through Q1 1) Includes employees and contractors. lyondellbasell.com 5

  6. Slide 6: First Quarter 2013 and Last-Twelve-Months (LTM) Segment EBITDA

    First Quarter 2013 and Last-Twelve-Months (LTM) Segment EBITDA Q1’13 EBITDA LTM March EBITDA $1,585 million $6,166 million Q1’13 Operating Income LTM Operating Income $1,267 million $5,003 million ($ in millions) ($ in millions) $900 $3,600 First Quarter 2013 EBITDA March 2013 LTM EBITDA 750 3,000 6

  7. Slide 7: Cash Flow

    Cash Flow ($ in millions) First Quarter 2013 LTM March 2013 $4,000 $7,500 3,200 6,000 2,400 4,500 $2,879 1,600 $2,732 3,000 $2,879 800 1,500 $1,670 0 0 (2) (3) (1) Q1'13 (1) CF from Working (2) Capex (3) Dividends Net Debt Other Q1'13 (1) Q2'12 (1) CF from Working Capex Dividends Net Debt Other Q1'1

  8. Slide 8: Working Capital and Key Financial Statistics

    Working Capital and Key Financial Statistics Working Capital(1) Key Statistics ($ in billions) $8 Snapshot at March 31, 2013 LTM FCF: $3.4 billion $6 LTM Capex: $1.2 billion Cash: $2.9 billion $4 Total Debt/LTM EBITDA: 0.7x Total Debt/Book Capital: 27% $2 $0 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 ($2) ($4) (

  9. Slide 9: Olefins & Polyolefins - Americas Highlights and Business Drivers - 1Q'13

    Olefins & Polyolefins - Americas Highlights and Business Drivers - 1Q’13 EBITDA(1) Performance vs. 4Q’12 ($ in millions) EBITDA Margin Volume $1000 U.S. Olefins 800 • Above 100% of nameplate capacity • Margins up due to improved co-product prices 600 Polyethylene 400 • Volumes down ~ 3% • Spread up

  10. Slide 10: Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 1Q'13

    Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 1Q’13 EBITDA Performance vs. 4Q’12 ($ in millions) EBITDA Margin Volume $400 EU Olefins • Margin expansion – naphtha volatility • Wesseling turnaround in Q4 300 Polyethylene • Volumes down ~ 3% 200 • Spread up ~ 1¢

  11. Slide 11: Intermediates & Derivatives Highlights and Business Drivers - 1Q'13

    Intermediates & Derivatives Highlights and Business Drivers - 1Q’13 EBITDA Performance vs. 4Q’12 ($ in millions) EBITDA Margin Volume $500 Propylene Oxide and Derivatives 400 • Underlying steady results 300 Intermediates • Improved C4 chemicals and styrene margins 200 Oxyfuels 100 Increased raw mate

  12. Slide 12: Refining Highlights and Business Drivers - 1Q'13

    Refining Highlights and Business Drivers - 1Q’13 EBITDA Performance vs. 4Q’12 ($ in millions) EBITDA Margin Volume $200 Houston Refinery • Q1 planned turnaround 160 • Crude throughput: 173 MBPD • Maya 2-1-1: $20.97 bbl 120 80 40 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 Refining Spreads (per Platts)(1) HRO Thro

  13. Slide 13: First-Quarter Summary and Outlook

    First-Quarter Summary and Outlook First-Quarter Summary Near-Term Outlook – Record U.S. olefins results – No planned U.S. olefins maintenance in the second quarter • Continued U.S. NGL advantage – Intermediates and Derivatives remain – Europe olefins and polyolefins steady margins expansion from fee

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