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    celanese investor_fact_sheet_q3_08 celanese investor_fact_sheet_q3_08 Document Transcript

    • Investor Fact Sheet Third Quarter 2008 Key Figures A Global Integrated Chemical Company Celanese Corporation is a leading global integrated producer of 2007 2006 2005 in $ millions chemicals and advanced materials. We are one of the world’s largest 6,444 Net sales 5,778 5,269 producers of acetyl products, which are intermediate chemicals for 748 Operating profit 620 486 nearly all major industries, as well as a leading global producer of high performance engineered polymers that are used in a variety of high- 426 Net earnings/loss 406 277 value end-use applications. Our operations are primarily located in 8,400 Number of employees (year end) 8,900 9,300 North America, Europe and Asia. Pursue. Premier. Net Sales by Region With a focused growth strategy, a performance-driven culture and a demonstrated track record of execution, we’ve made tremendous progress in our pursuit to Europe, become the premier global chemical company. Since 43% 2000, we’ve transformed Celanese into an attractive portfolio of specialty businesses with significant growth Americas, Asia, 28% potential. We will continue to execute strategies that 29% build on the strength of our integrated structure, market leadership and operational excellence to deliver **Based on Celanese 2007 consolidated net sales (does not include sales from equity and cost continued earnings growth and superior value creation investments) for our stakeholders. Our Strategy for Earnings Growth - Expansion in Asia in all of our businesses - Innovation to deliver value-added solutions - Strong cash flow - Revitalization opportunities - Organic growth around core acetyl chain - Operational Excellence to offset inflation Our Business Segments Advanced Engineered Materials (AEM) includes our Ticona technical polymers The Consumer Specialties segment includes our Acetate Products and Nutrinova businesses and our equity affiliates. These businesses are positioned to drive volume businesses and represents 17% of Celanese’s total net sales. As specialty derivatives Advanced Engineered Materials growth at approximately two times the global gross domestic product through 2010. of acetyls, Consumer Specialties businesses have similar consumer and end-use AEM, which constitutes 16% of Celanese’s total net sales, leverages its competitive dynamics. advantage with high-quality products and services, as well as its know-how in Our Acetate Products business is one of the world’s largest producers of acetate Consumer Specialties application technologies and development. AEM products are mainly used in the tow, used in the production of filter products. The successful completion of a automotive, electronics, medical technology, industrial and consumer products strategic revitalization and the acquisition of the acetate flake, tow and film business industries. of Acetate Products Limited (APL) in 2007 further increases our global position and Ticona is intensifying its presence in Asia with its joint venture partners, while enhances our ability to service our customers. simultaneously continuing measures to increase productivity and improve cost A leading international supplier of specialty ingredients for the food, beverage and position. In 2007, we announced plans to construct a new, world-class GUR® ultra-high pharmaceutical industries, Nutrinova produces and markets the high intensity molecular weight polyethylene facility, a Celstran® long-fiber reinforced thermoplastic sweetener Sunett® (Acesulfame K) and is one of the world’s largest producers of production unit and a polymer compounding unit at our integrated chemical complex sorbates used in food preservatives. An excellent blending agent, Sunett® has in Nanjing, China. In 2008, we announced plans to build a new Vectra ® liquid crystal become a key ingredient in the growth of zero/low calorie food and beverages with polymer facility at the complex. several large, multi-national producers. Ticona focuses on innovative products, new applications and technology development formulated in close cooperation with its customers. Major Products: Major End-Use Markets: Major Products: Major End-Use Markets: acetate tow and acetate flake; filter products, beverages, engineered plastics fuel system components, conveyor sweeteners and preservatives confections, baked goods, dairy belts, electronics, safety systems, products emissions filtration, fluid handling The Industrial Specialties segment includes the emulsions, polyvinyl alcohol (PVOH), The Acetyl Intermediates segment, representing 46% of Celanese’s total net sales, and AT Plastics businesses, representing 21% of Celanese’s total net sales. We are includes acetyl products such as acetic acid, vinyl acetate monomer (VAM), acetic active in every major global industrial market and have manufacturing plants across anhydride, and other acetyl derivatives. These products are generally used as starting North America, Europe and Asia. Innovation in R&D and technical service makes us the materials for colorants, paints, adhesives, coatings, medicines and more. As an partner of choice for our customers. Our expertise in vinyl-based technology is industry leader, Acetyl Intermediates is building on its advantaged feedstock Industrial Specialties Acetyl Intermediates unsurpassed and enables us to drive value into our customers’ products. positions, leading technology, and favorable industry structure to drive growth We are a leading global producer of vinyl acetate /ethylene emulsions and the through 2010. recognized authority on low VOC (environmentally-friendly) technology. We are also a With decades of experience, advanced process technology and favorable leading global producer of a broad portfolio of polyvinyl alcohol. Our polymer production costs, we are the leading global producer of acetic acid and the world’s emulsion and PVOH products are used in a wide array of applications including paints largest producer of vinyl acetate monomer. and coatings, adhesives, building and construction, glass fiber, textiles and paper. We are expanding our strong global positions with construction of an integrated AT Plastics offers a complete line of low density polyethylene and specialty, ethylene acetyls complex in Nanjing, China. This complex brings world-class scale to one site vinyl acetate (EVA) resins and compounds used in many applications including flexible for the production of acetic acid, vinyl acetate monomer, acetic anhydride and other packaging, lamination products, hot melt adhesive, medical tubing and automotive Celanese products. parts. Our hybrid structure – a mix of intermediate and performance chemicals with the We are building a premier franchise by focusing on high-growth markets and regions, strength of our integrated product chain – allows us to mitigate the impacts of market-driven innovation and operational excellence. business and economic cycles. Major Products: Major End-Use Markets: Major Products: Major End-Use Markets: acetic acid, vinyl acetate and value- polyvinyl alcohol, emulsions, basic paper, building and construction, colorants, paints, adhesives, coatings added derivatives polymers textiles, paints, coatings, adhesives, packaging
    • Recent Highlights Underlying Strong Business Performance • Safely resumed operations at production facilities located in the Gulf 3rd Qtr 2008 3rd Qtr 2007 (in $ millions) Coast following a controlled and successful shutdown to Hurricane Ike. Net Sales $1,823 $1,573 • Announced plans to build a new Vectra® liquid crystal polymer (LCP) Operating Profit $151 $147 production facility co-located at the Celanese integrated chemical Adjusted EPS ** $0.78 $0.73 complex in Nanjing, China. The facility is projected to be operational Equity/Cost Investments Dividends $42 $43 in 2010. • Began construction of the world’s largest, state-of-the-art polyacetal Operating EBITDA** $314 $302 plant at Höchst Industrial Park. The facility is expected to be Net Cash from Operating Activities* $345 $279 operational in 2011 and will replace Ticona’s existing production operations in Kelsterbach, Germany. *Three months ended September 30, 2008 and September 30, 2007. • Received Green Partner certification from Sony Corporation at its Ticona plant in Shelby, N.C. The certification recognizes suppliers’ cooperation of eco-friendly products and their ability to meet A Strong Cash Generator established regulations for environment-related substances found in components of products that bear the Sony name. Cash Flow from Operations Net Debt to EBITDA Cash Flow from Operations (in $ millions) 800 3.5 3.0 600 Net Debt to EBITDA 2.5 400 2.0 1.5 200 1.0 0 0.5 -200 0.0 2004 2005 2006 2007 Segment Performance Advanced Engineered Materials Consumer Specialties 3rd Qtr 2008 3rd Qtr 2007 3rd Qtr 2008 3rd Qtr 2007 (in $ millions) (in $ millions) Net Sales Net Sales $272 $258 $295 $282 Operating EBITDA** Operating EBITDA** $45 $70 $56 $53 • Increased net sales driven by improved pricing and positive currency effects • Net sales increase primarily driven by strong pricing and foreign currency effects • Increased penetration in value per vehicle and growth in non-automotive applications • Higher pricing more than offset slightly lower volumes for the quarter partially offset significant declines in US and European automotive builds • Operating EBITDA increase primarily the result of improved pricing and realized acquisition synergies • Asia growth strategy continues to deliver positive results • Higher raw material and energy costs continue to pressure margins • Operating EBITDA decrease also impacted by lower earnings from equity affiliates Industrial Specialties Acetyl Intermediates 3rd Qtr 2008 3rd Qtr 2007 3rd Qtr 2008 3rd Qtr 2007 (in $ millions) (in $ millions) Net Sales Net Sales $378 $314 $1,056 $864 Operating EBITDA** Operating EBITDA** $36 $18 $182 $178 • Increase in net sales primarily driven by higher pricing and favorable currency impacts • Increased net sales driven by higher pricing, increased volumes and favorable currency • Slight volume increase due to favorable comparison to 2007 which included impacts impacts associated with Clear Lake outage • Volume and pricing strength offset by significantly higher input costs and Hurricane Ike • Demand weakness in certain US and European end-markets continues, while China volumes impacts continue to increase • Increased dividends from Ibn Sina contributed to improved Operating EBITDA for the • Operating EBITDA improvement due to expanded margins quarter **Non-U.S. GAAP measure. See reconciliation on celanese.com Celanese Corporation At A Glance Last Quarterly Dividend (11/1/08): $0.04 per share Investor Relations Transfer Agent Common Shares Outstanding (as of 9/30/08): 162.9 million Mark Oberle Computershare Investor Services Stock Performance (quarter ending 9/30/08): Celanese Corporation P.O. Box 43078 High: $45.41 Low: $25.91 Close on 9/30/08: $27.91 1601 West LBJ Freeway Providence, RI 02940-3078 Dallas, Texas 75234 1-781-575-3400 Leadership: 1-972-443-4464 David N. Weidman, Chairman and Chief Executive Officer InvestorRelations@celanese.com www.computershare.com Steven M. Sterin, Senior Vice President and Chief Financial Officer www.celanese.com