Slide 1: Celanese 3Q 2011 Earnings Conference Call / Webcast
Celanese 3Q 2011 Earnings Conference Call / Webcast Tuesday, October 25, 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
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, financing nee
Slide 3: Dave Weidman, Chairman and Chief Executive Officer
Dave Weidman Chairman and Chief Executive Officer 3
Slide 4: Celanese Corporation 3Q 2011 highlights
Celanese Corporation 3Q 2011 highlights in millions (except EPS) 3rd Qtr 2011 3rd Qtr 2010 Net Sales $ 1,807 $ 1,506 Proportional Net Sales from Affiliates $ 460 $ 391 Total: $ 2,267 $ 1,897 Operating Profit/(Loss) $ 196 $ 221 Adjusted EPS $ 1.27 $ 0.88 Operating EBITDA $ 374 $ 286 Affiliate EBITDA
Slide 5: Value equation for Celanese
Value equation for Celanese Geographic Growth 10-15% sustained earnings growth Innovation Relatively higher margins Productivity Modest earnings volatility Portfolio Enhancements High capital return Earnings Growth of Current Businesses Accelerated Revenue Growth Target: 100 to 200bps faster than gl
Slide 6: Steven Sterin, Senior Vice President and Chief Financial Officer
Steven Sterin Senior Vice President and Chief Financial Officer 6
Slide 7: Advanced Engineered Materials
Advanced Engineered Materials in millions 3rd Qtr 2011 3rd Qtr 2010 Factors affecting change in Net Sales Net Sales $ 332 $ 271 Volume 5 % Operating EBITDA $ 112 $ 90 Price 7 % Currency 5 % Other 5 % Total 22 % 3rd Quarter 2011: Record quarter driven by higher volumes, value-in-use pricing and favor
Slide 8: Consumer Specialties
Consumer Specialties in millions 3rd Qtr 2011 3rd Qtr 2010 Factors affecting change in Net Sales Net Sales $ 298 $ 288 Volume (3 )% Operating EBITDA $ 78 $ 81 Price 6 % Currency 1 % Other — % Total 4 % 3rd Quarter 2011: Higher pricing more than offset higher raw material and energy costs and slightl
Slide 9: Industrial Specialties
Industrial Specialties in millions 3rd Qtr 2011 3rd Qtr 2010 Factors affecting change in Net Sales Net Sales $ 332 $ 276 Volume — % Operating EBITDA $ 43 $ 36 Price 15 % Currency 5 % Other — % Total 20 % 3rd Quarter 2011: Strong results with continued mix improvement from innovative applications, pa
Slide 10: Acetyl Intermediates
Acetyl Intermediates in millions 3rd Qtr 2011 3rd Qtr 2010 Factors affecting change in Net Sales Net Sales $ 975 $ 777 Volume (2 )% Operating EBITDA $ 168 $ 110 Price 23 % Currency 5 % Other — % Total 26 % 3rd Quarter 2011: Improved results on continued strong global demand for acetic acid and down-
Slide 11: Affiliate performance
Affiliate performance Strategic affiliates provide growth in emerging markets and economic raw material hedge 3rd Quarter 2011: equity affiliates contributed $57 million to earnings with an additional $41 million Proportional Affiliate EBITDA in excess of equity in net earnings not included in Celan
Slide 12: Free cash flow 3rd Quarter 2011
Free cash flow 3rd Quarter 2011 Adjusted Free Cash Flow $ in millions 3rd Qtr 2011 3rd Qtr 2010 Net cash provided by operating activities $ 165 $ 144 Adjustments to operating cash for discontinued operations $ 5 $ (3 ) Net cash provided by operating activities from continuing operations $ 170 $ 141
Slide 13: Strong cash generation continues throughout economic cycle
Strong cash generation continues throughout economic cycle Available Cash $ in millions 2011E Adjusted Free Cash Outflows (off EBITDA Base) $ in millions Cash (as of 09/30/2011) $704 Cash Taxes $80 - $100 Operating Cash ~($100 - $200) Capital Expenditures $350 - $375 Cash Available for Strategic Pur
Slide 14: Increasingly advantaged portfolio drives 2011 earnings improvement
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 Industrial Spec
Slide 15: Appendix
Appendix Notes: References on the following slides to tables correspond to the tables included with Celanese press release dated October 25, 2011 15
Slide 16: Reg G: Segment data and reconciliation of operating profit (loss) to operating EBITDA
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 September 30, (in $ millions) 2011 2010 2011 2010 Net Sales Advanced Engineered Materials 332 271 Business Operating EBITDA Consumer Specialties 29
Slide 17: Reg G: Reconciliation of consolidated net earnings (loss) to operating EBITDA
Reg G: Reconciliation of consolidated net earnings (loss) to operating EBITDA - a non-U.S. GAAP measure – unaudited (Table 1A) Three Months Ended September 30, (in $ millions) 2011 2010 Net earnings (loss) attributable to Celanese Corporation 167 145 (Earnings) loss from discontinued operations - 2
Slide 18: Reg G: Adjusted earnings (loss) per share reconciliation
Reg G: Adjusted earnings (loss) per share - reconciliation of a non-U.S. GAAP measure – unaudited (Table 6) Three Months Ended September 30, (in $ millions, except share and per share data) 2011 2010 "per share" per share Earnings (loss) from continuing operations 167 1.05 147 0.93 Deduct: Income ta
Slide 19: Reg G: Other charges and other adjustments
Reg G: Other charges and other adjustments - reconciliation of a non-U.S. GAAP measure – unaudited (Table 7) Other Charges: Three Months Ended September 30, (in $ millions) 2011 2010 Employee termination benefits 5 17 Ticona Kelsterbach plant relocation 14 7 Plumbing actions (2) (26) Insurance recov
Slide 20: Reg G: 3Q 2011 Other charges and other adjustments by segment
Reg G: 3Q 2011 Other charges and other adjustments by segment - reconciliation of a non-U.S. GAAP measure - unaudited Income Statement AEM CS IS AI Other Total Classification 1 (2) 2 4 5 - 14 14 (2) (2) - - 3 4 7 - Total other charges 13 (2) - 5 8 24 2 2 Cost of Sales / SG&A 5 5 Cost of Sales 1 1 2
Slide 21: Reg G: Equity affiliate results and reconciliation to affiliate EBITDA
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 Nine Months Ended September 30, September 30, (in $ millions) 2011 2010 2011 2010 Net Sales Ticona Affiliates - Asia 1 428 393 1,232 1
Slide 22: Reg G: Equity affiliate results, Celanese proportional share
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 Nine Months Ended September 30, September 30, (in $ millions) 2011 2010 2011