Slide 1: Celanese 2Q 2011 Earnings Conference Call / Webcast
Celanese Celanese 2Q 2011 Earnings Conference Call / Webcast Thursday, July 21, 2011 10:00 a.m. ET Dave Weidman, Chairman and Chief Executive Officer Steven Sterin, Senior Vice President and Chief Financial Officer CE Listed NYSE 1
Slide 2: Forward looking statements; Reconciliation and use of non-GAAP measures
Celanese Forward looking statements Reconciliation and use of non-GAAP measures to U.S. GAAP This presentation may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures, fina
Slide 3: Dave Weidman, Chairman and Chief Executive Officer
Celanese Dave Weidman Chairman and Chief Executive Officer 3
Slide 4: 2nd Quarter 2011 highlights
Celanese Celanese Corporation 2 nd Quarter 2011 highlights in millions (except EPS) 2nd Qtr 2011 2nd Qtr 2010 Net Sales $ 1,753 $ 1,517 Proportional Net Sales of Affiliates $ 427 $ 397 Total: $ 2,180 $ 1,914 Operating Profit/(Loss) $ 209 $ 156 Adjusted EPS $ 1.66 $ 1.12 Operating EBITDA $ 441 $ 332
Slide 5: Celanese continues to execute its growth levers
Celanese Celanese continues to execute its growth levers Accelerating Value of Current Businesses: • Doubled capacity of vinyl acetate ethylene (VAE) in Nanjing to meet increased global demand in innovative vinyl-based emulsions • Announced near doubling of Celstran ® long-fiber reinforced thermopla
Slide 6: Steven Sterin, Senior Vice President and Chief Financial Officer
Celanese Steven Sterin Senior Vice President and Chief Financial Officer 6
Slide 7: Advanced Engineered Materials
Celanese Advanced Engineered Materials in millions 2nd Qtr 2011 2nd Qtr 2010 Net Sales $ 346 $ 282 Operating EBITDA $ 107 $ 98 Factors affectingchange in Net Sales Volume 1% Price 9% Currency 7% Other 6% Total 23% 2 nd Quarter 2011: Higher pricing on improved product mix and robust value-in-use pric
Slide 8: Consumer Specialties
Celanese Consumer Specialties in millions 2nd Qtr 2011 2nd Qtr 2010 Net Sales $ 291 $ 291 Operating EBITDA $ 147 $ 149 Factors affecting change in Net Sales Volume (6)% Price 5% Currency 1% Other — Total — 2 nd Quarter 2011: Higher pricing was more than offset by lower volumes, increased raw materia
Slide 9: Industrial Specialties
Celanese Industrial Specialties in millions 2nd Qtr 2011 2nd Qtr 2010 Net Sales $ 329 $ 269 Operating EBITDA $ 40 $ 26 Factors affecting change in Net Sales Volume 3% Price 12% Currency 7% Other — Total 22% 2 nd Quarter 2011: Strong results with sustained growth in traditional and nontraditional app
Slide 10: Acetyl Intermediates
Celanese Acetyl Intermediates in millions 2nd Qtr 2011 2nd Qtr 2010 Net Sales $ 914 $ 782 Operating EBITDA $ 177 $ 96 Factors affecting change in Net Sales Volume (9)% Price 20% Currency 6% Other — Total 17% 2 nd Quarter 2011: Improved results on continued strong global demand for acetic acid and do
Slide 11: Affiliate Performance
Celanese Affiliate Performance Provides growth in emerging markets and structural raw material hedge Dividends/earnings of $78 million from strategic China acetate ventures reflect continued growth and improved financial performance in emerging regions 2 nd Quarter 2011: equity affiliates contribute
Slide 12: Free cash flow
Celanese Free cash flow 2 nd Quarter 2011 Adjusted Free Cash Flow $ in millions 2nd Qtr 2011 2nd Qtr 2010 Net cash provided by operating activities $184 $164 Adjustments to operating cash for discontinued operations $(4) $(5) Net cash provided by operating activities from continuing operations $180
Slide 13: Strong cash generation continues throughout economic cycle
Celanese Strong cash generation continues throughout economic cycle Available Cash $ in millions Cash (as of 06/30/2011) $ 741 Operating Cash ~($100 - $200) Cash Available for Strategic Purposes ~$600 2011E Adjusted Free Cash Outflows(off EBITDA Base) $ in millions Cash Taxes $65 – $90 Capital Expen
Slide 14: Increasingly advantaged portfolio drives 2011 earnings improvement
Celanese Increasingly advantaged portfolio drives 2011 earnings improvement Advanced Engineered Materials 2x to 3x GDP revenue growth Strong earnings conversion Robust technology-rich pipeline Consumer Specialties Continued earnings growth Strong operating margins Growth opportunities in Asia Indust
Slide 15: Appendix
Celanese Appendix Notes: References on the following slides to tables correspond to the tables included with Celanese press release dated July 21, 2011 15
Slide 16: Reg G: Segment data and reconciliation of operating profit to operating EBITDA
Celanese Reg G: Segment data and reconciliation of operating profit (loss) to operating EBITDA - a non-U.S. GAAP measure – unaudited (Table 1 ) Three Months Ended June 30, (in $ millions) 2011 2010 2011 2010 Net Sales Advanced Engineered Materials 346 282 Business Operating EBITDA Consumer Specialti
Slide 17: Reg G: Reconciliation of net earnings to operating EBITDA
Celanese Reg G: Reconciliation of consolidated net earnings (loss) to operating EBITDA - a non-U.S. GAAP measure – unaudited (Table 1A) Three Months Ended June 30, (in $ millions) 2011 2010 Net earnings (loss) attributable to Celanese Corporation 203 160 (Earnings) loss from discontinued operations
Slide 18: Reg G: Adjusted earnings per share reconciliation
Celanese Reg G: Adjusted earnings (loss) per share - reconciliation of a non-U.S. GAAP measure – unaudited (Table 6) Three Months Ended June 30, (in $ millions, except share and per share data) 2011 2010 per share per share Earnings (loss) from continuing operations 205 1.29 163 1.03 Deduct: Income
Slide 19: Reg G: Other charges and other adjustments
Celanese Reg G: Other charges and other adjustments - reconciliation of a non-U.S. GAAP measure – unaudited (Table 7) Other Charges: Three Months Ended June 30, (in $ millions) 2011 2010 Employee termination benefits 9 4 Plant/office closures — — Ticona Kelsterbach plant relocation 16 4 Plumbing act
Slide 20: Reg G: 2Q 2011 Other charges and other adjustments by segment
Celanese Reg G: 2Q 2011 Other charges and other adjustments by segment - reconciliation of a non-U.S. GAAP measure - unaudited in millions AEM CS IS AI Other Total Income Statement Classification Employee termination benefits 4 3 — 1 1 9 Plant/office closures — — — — — — Ticona Kelsterbach plant rel
Slide 21: Reg G: Equity affiliate results and affiliate EBITDA reconciliation
Celanese Reg G: Equity affiliate results and reconciliation of operating profit to affiliate EBITDA - a non-U.S. GAAP measure - total - unaudited (Table 8) Three Months Ended June 30, Six Months Ended June 30, (in $ millions) 2011 2010 2011 2010 Net Sales Ticona Affiliates - Asia 1 393 379 804 750 T
Slide 22: Reg G: Proportional affiliate EBITDA reconciliation
Celanese Reg G: Equity affiliate results and reconciliation of proportional operating profit to proportional affiliate EBITDA - a non-U.S. GAAP measure - Celanese proportional share – unaudited (Table 8 continued) Three Months Ended June 30, Six Months Ended June 30, (in $ millions) 2011 2010 2011 2