13 slides from Lyondellbasell Industries Nv's earnings presentation, Oct 26, 2012
Slide 1: Third-Quarter 2012 Earnings
Exhibit 99.2 Third-Quarter 2012 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Sergey Vasnetsov, SVP - Strategic Planning and Transactions Doug Pike, VP - Investor Relations October 26, 2012
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
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. However, EBITDA, as presented herein, may not be comparable to a similarly titled measure reported by other companie
Slide 4: Highlights
Highlights ($ in millions, except per share date) (1) 3Q'12 2Q'12 3Q'11 EBITDA $1,565 $1,774 $1,806 Income from Continuing Operations $851 $768 $912 Diluted Earnings ($ / share) from Continuing Operations $1.47 $1.33 $1.54 YTD EBITDA: $4,567 YTD EPS: $3.83 ($ in millions) Quarterly EBITDA $2,000 1,5
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 YTD • Sustained excellent safety results through Q3 maintenance activities 1) Includes employees and contractors. YTD as of September 2012. lyondellbasell.com 5
Slide 6: Third-Quarter 2012 and Last-Twelve-Months (LTM) Segment EBITDA
Third-Quarter 2012 and Last-Twelve-Months (LTM) Segment EBITDA Q3’12 EBITDA(1) LTM September EBITDA $1,565 million $5,333 million Q3’12 Operating Income LTM Operating Income $1,328 million $4,156 million ($ in millions) ($ in millions) $900 $3,000 Third-Quarter 2012 EBITDA September 2012 LTM EBITDA
Slide 7: Cash Flow
Cash Flow ($ in millions) Third-Quarter 2012 LTM September 2012 $4,200 $10,000 $3,546 3,150 7,500 $5,901 2,100 5,000 $1,964 $3,546 1,050 2,500 0 0 Q3'12 (1) CF from Working (2) Capex (3) Dividends Net Debt Other Q3'12 (1) Q4'11 (1) CF from Working (2) Capex (3) Dividends Net Debt Other Q3'12 (1) Beg
Slide 8: Working Capital and Key Financial Statistics
Working Capital and Key Financial Statistics Working Capital (1) Key Statistics ($ in billions) $8 Snapshot at September 30, 2012 YTD FCF(2): $2.8 billion $6 YTD Capex: $0.7 billion Cash: $3.5 billion $4 Total Debt/LTM EBITDA: 0.8x Total Debt/Capital(3): 26% $2 $0 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 ($2)
Slide 9: Olefins & Polyolefins - Americas Highlights and Business Drivers - 3Q'12
Olefins & Polyolefins - Americas Highlights and Business Drivers - 3Q’12 EBITDA(1) Performance vs. 2Q’12 ($ in millions) $1,000 U.S. Olefins EBITDA(1) Margin Volume • 100% capacity utilization 800 • Margin down due to lower ethylene and co-product prices 600 Polyethylene • Volume up ~ 9% 400 • Sprea
Slide 10: Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 3Q'12
Olefins & Polyolefins - Europe, Asia, International Highlights and Business Drivers - 3Q’12 EBITDA Performance vs. 2Q’12 ($ in millions) EBITDA Margin Volume $400 EU Olefins • Margin compression to near breakeven 300 • Wesseling turnaround Polyethylene 200 • Volumes up ~ 10% Polypropylene (includes
Slide 11: Intermediates & Derivatives Highlights and Business Drivers - 3Q'12
Intermediates & Derivatives Highlights and Business Drivers - 3Q’12 EBITDA Performance vs. 2Q’12 ($ in millions) $500 EBITDA Margin Volume Propylene Oxide and Derivatives Steady underlying results 400 300 Intermediates Steady underlying results 200 Oxyfuels 100 Gasoline to natural gas spread expansi
Slide 12: Refining Highlights and Business Drivers - 3Q'12
Refining Highlights and Business Drivers - 3Q’12 EBITDA(1) Performance vs. 2Q’12 ($ in millions) EBITDA(1) Margin Volume $450 Houston Refinery • Underlying EBITDA increased • Q3 crude throughput: 240 MBPD; refinery operational limitations 300 • Maya 2-1-1: $26.65 bbl 150 3Q'11 4Q'11 1Q'12 2Q'12 3Q'1
Slide 13: Third-Quarter Summary and Outlook
Third-Quarter Summary and Outlook Third-Quarter Summary Near-Term Outlook – Strong U.S. olefins results – Overall, expect typical seasonal slow- down • Continued U.S. NGL advantage – O&P-Americas chain margin remains – Continued profitability in advantaged differentiated products; Europe – European