Lyondellbasell Industries Nv · NYSE:LYB
Lyondellbasell Industries Nv — Q3 2017 Earnings Presentation
14 slides from Lyondellbasell Industries Nv's earnings presentation, Oct 27, 2017
Slide 1: Third Quarter 2017 Earnings
Third Quarter 2017 Earnings October 27, 2017 www.lyondellbasell.com Company confidential
Slide 2: Cautionary Statement & Information Related to Financial Measures
Cautionary Statement & Information Related to Financial Measures Cautionary Statement The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to
Slide 3: Third Quarter 2017 Highlights
Third Quarter 2017 Highlights As Reported ($ in millions, except per share data) 3Q16 2Q17 3Q17 EBITDA $1,606 $1,970 $1,821 Income from Continuing Operations $955 $1,134 $1,058 Diluted Earnings ($ / share) from Continuing Operations $2.31 $2.82 $2.67 EPS Performance Third Quarter 2017 Highlights USD
Slide 4: Continuing LyondellBasell's Strong Safety Performance
Continuing LyondellBasell’s Strong Safety Performance Safety - Injuries per 200,000 Hours Worked(1) LyondellBasell ACC Average 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 2012 2013 2014 2015 2016 2017 (Q3 YTD) (1) Source: American Chemistry Council. Includes employees and contractors. www.lyondellb
Slide 5: High Reliability & Expanded Capacity Driving 2017 Volumes
High Reliability & Expanded Capacity Driving 2017 Volumes Ethylene Derivative Ethylene Production Crude Processing Rate Production(1) lb, billions lb, billions BPD, thousands 12.0 8.0 270 11.0 Harvey Harvey 240 Corpus Harvey 7.5 Expansion 10.0 210 7.0 9.0 180 8.0 6.5 150 3Q16 YTD 3Q17 YTD 3Q16 YTD 3
Slide 6: North American Polyethylene Seasonality
North American Polyethylene Seasonality Typical Quarterly Demand Growth for North American Polyethylene(1) 8% 6% 4% Harvey 2% New Capacity 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Capacity additions ramping up during 4Q17 Harvey restocking and improving seasonal demand (1) LYB estimates based upon U.S. and Canada av
Slide 7: Third Quarter 2017 and LTM Segment EBITDA
Third Quarter 2017 and LTM Segment EBITDA Third Quarter 2017 LTM September 2017 (USD, millions) EBITDA Op. Income (USD, millions) EBITDA Op. Income As Reported $1,821 $1,332 As Reported $6,814 $5,167 Third Quarter 2017 EBITDA LTM September 2017 EBITDA USD, millions USD, millions $800 $3,200 600 2,40
Slide 8: Cash and Liquid Investments Allocation
Cash and Liquid Investments Allocation Third Quarter 2017 LTM September 2017 USD, millions USD, millions $5,000 $9,000 7,500 4,000 6,000 3,000 3,067 4,500 2,560 2,000 3,000 3,067 1,000 2,130 1,500 (1) (2) (3) (1) (1) (2) (3) (1) 3Q17 CF from Working CAPEX Dividends & Net Debt Other 3Q17 4Q16 CF from
Slide 9: Strong Cash Generation, Dividends & Share Repurchases
Strong Cash Generation, Dividends & Share Repurchases Cash From Operations Dividends & Share Repurchases USD, millions USD, millions Free Cash Flow Capex Quarterly Dividends Share Repurchases $7,000 $1,200 6,000 900 5,000 4,000 600 3,000 2,000 300 1,000 2014 2015 2016 3Q17 LTM 4Q16 1Q17 2Q17 3Q17 Sn
Slide 10: Olefins and Polyolefins – Americas
Olefins and Polyolefins – Americas Strong Polymer Demand Constrained by Hurricane Harvey EBITDA 3Q17 Performance vs. 2Q17(1) USD, millions EBITDA Margin Volume $1,000 U.S. Olefins ▪ Ethylene margin down 5 ¢/lb 800 600 Polyethylene ▪ Spread up 2 ¢/lb on improved 400 polyolefin pricing and reduced ole
Slide 11: Olefins and Polyolefins – Europe, Asia, and International
Olefins and Polyolefins – Europe, Asia, and International Firm Polymer Demand with Slight Reduction in Olefin Margins EBITDA 3Q17 Performance vs. 2Q17(1) USD, millions EBITDA Margin Volume $1,000 EU Olefins ▪ Ethylene margin down due to 800 declining co-product credits 600 Polyethylene 400 Polypropy
Slide 12: Intermediates and Derivatives
Intermediates and Derivatives Improved Volumes and Margins Across Most Products EBITDA 3Q17 Performance vs. 2Q17(1) USD, millions EBITDA Margin Volume $500 Propylene Oxide and Derivatives ▪ Volume up with 2Q17 planned 400 maintenance complete 300 Intermediate Chemicals ▪ Methanol volume up offset by
Slide 13: Refining
Refining Swift Recovery from Harvey Captures Improved September Spreads EBITDA 3Q17 Performance vs. 2Q17(1) USD, millions EBITDA Margin Volume $100 Houston Refinery ▪ Crude throughput: 240 MBPD ▪ Harvey impact of 11 MBPD on 50 crude throughput for Q3 ▪ Maya 2-1-1 up $2.27 to $21.81 -50 3Q16 4Q16 1Q1
Slide 14: Third Quarter Summary and Outlook
Third Quarter Summary and Outlook Third Quarter Summary Near-Term Outlook ■ Quarterly diluted EPS of $2.67 ■ Continued strong operating performance, no major planned maintenance for the remainder of 2017 ■ Strong Intermediates and Derivatives performance with improved margins ■ Global olefin and pol
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