This document from Celanese Corporation discusses non-GAAP financial measures and forward-looking statements. It provides definitions and explanations for operating EBITDA, adjusted earnings per share, and adjusted free cash flow, which are used by management for planning, budgeting, and evaluating financial results. The document also contains forward-looking guidance on sales and earnings growth through 2010 for various divisions, driven by initiatives in Asia, innovation, and organic growth.
This document summarizes a presentation given by Celanese at the Morgan Stanley Global Basic Materials Conference on February 19-21, 2008. It discusses Celanese's business segments including Advanced Engineered Materials, Consumer and Industrial Specialties, and Acetyl Intermediates. It highlights Celanese's geographically balanced positions, track record of growth through acquisitions and investments, and goals to increase operating EBITDA through focused growth initiatives in Asia, product revitalization, and innovation.
The document summarizes BB&T's 2nd Annual Manufacturing and Materials Conference held on March 20, 2008. It discusses Celanese, a leading global integrated producer of chemicals and advanced materials. Celanese has executed a strategy since 2000 to focus on businesses with sustainable competitive advantages, invest in advantaged positions, and aggressively pursue growth. Today Celanese has a more resilient portfolio with less volatility and is on track to meet growth objectives of $350-400 million in increased earnings by 2010 through organic growth and initiatives in Asia, revitalization, innovation, and operational excellence.
The document is a presentation from Lehman Brothers on Celanese Corporation's High Yield Bond and Syndicated Loan Conference on March 14, 2008. It discusses Celanese's businesses, strategies, and financial performance. Specifically, it outlines Celanese's portfolio of businesses, geographic presence, growth objectives through 2010 aimed at increasing operating EBITDA by $350-400 million, strong cash flow generation, Asia growth strategy centered around a new complex in Nanjing, opportunities in advanced engineered materials and consumer/industrial specialties, and technology enhancements opening $1 billion in new opportunities in industrial specialties.
This document discusses Celanese Corporation's presentation at the Citi 5th Annual Small and Mid-Cap Conference on March 18, 2008. It begins with forward-looking statements and information on non-GAAP financial measures. Then, it provides an overview of Celanese as a leading global producer of chemicals and advanced materials. Finally, it outlines Celanese's strategies and growth opportunities in its key business segments to achieve its 2010 objectives of increasing operating EBITDA by $350-400 million.
This document discusses Celanese Corporation's use of non-GAAP financial measures and forward-looking statements in company presentations. It provides definitions and explanations for key performance metrics used by Celanese, such as operating EBITDA, adjusted earnings per share, and adjusted free cash flow. It also notes that Celanese is unable to reconcile forecasts for these non-GAAP measures to GAAP measures. The document aims to explain these non-GAAP measures to investors and how management uses them for planning, budgeting, and evaluating financial and operating results.
This document discusses Celanese Corporation and provides non-GAAP financial measures. It defines operating EBITDA, adjusted earnings per share, and adjusted free cash flow. It states that Celanese is a leading global producer of chemicals and advanced materials with a geographically balanced global presence and diversified end market exposure. The document also provides an overview of Celanese's integrated businesses aligned to accelerate growth.
This document discusses Celanese Corporation's use of non-GAAP financial measures and provides an overview of its business segments. It notes that Celanese uses measures like operating EBITDA, adjusted earnings per share, and adjusted free cash flow to measure performance and provide guidance. It then summarizes Celanese's businesses, noting that it has globally balanced integrated businesses focused on specialty products like consumer and industrial specialties that provide more resilient earnings. Finally, it discusses strategies like reducing costs to improve performance in 2009 during challenging market conditions.
The document summarizes the agenda and presentations for Celanese Corporation's 2007 Investor Day. The agenda included presentations on Celanese's business segments and strategies for growth, operational excellence, and value creation. Celanese aimed to pursue premier performance and deliver superior value creation through industry-leading growth and a geographically balanced global position across diversified end markets.
This document summarizes a presentation given by Celanese at the Morgan Stanley Global Basic Materials Conference on February 19-21, 2008. It discusses Celanese's business segments including Advanced Engineered Materials, Consumer and Industrial Specialties, and Acetyl Intermediates. It highlights Celanese's geographically balanced positions, track record of growth through acquisitions and investments, and goals to increase operating EBITDA through focused growth initiatives in Asia, product revitalization, and innovation.
The document summarizes BB&T's 2nd Annual Manufacturing and Materials Conference held on March 20, 2008. It discusses Celanese, a leading global integrated producer of chemicals and advanced materials. Celanese has executed a strategy since 2000 to focus on businesses with sustainable competitive advantages, invest in advantaged positions, and aggressively pursue growth. Today Celanese has a more resilient portfolio with less volatility and is on track to meet growth objectives of $350-400 million in increased earnings by 2010 through organic growth and initiatives in Asia, revitalization, innovation, and operational excellence.
The document is a presentation from Lehman Brothers on Celanese Corporation's High Yield Bond and Syndicated Loan Conference on March 14, 2008. It discusses Celanese's businesses, strategies, and financial performance. Specifically, it outlines Celanese's portfolio of businesses, geographic presence, growth objectives through 2010 aimed at increasing operating EBITDA by $350-400 million, strong cash flow generation, Asia growth strategy centered around a new complex in Nanjing, opportunities in advanced engineered materials and consumer/industrial specialties, and technology enhancements opening $1 billion in new opportunities in industrial specialties.
This document discusses Celanese Corporation's presentation at the Citi 5th Annual Small and Mid-Cap Conference on March 18, 2008. It begins with forward-looking statements and information on non-GAAP financial measures. Then, it provides an overview of Celanese as a leading global producer of chemicals and advanced materials. Finally, it outlines Celanese's strategies and growth opportunities in its key business segments to achieve its 2010 objectives of increasing operating EBITDA by $350-400 million.
This document discusses Celanese Corporation's use of non-GAAP financial measures and forward-looking statements in company presentations. It provides definitions and explanations for key performance metrics used by Celanese, such as operating EBITDA, adjusted earnings per share, and adjusted free cash flow. It also notes that Celanese is unable to reconcile forecasts for these non-GAAP measures to GAAP measures. The document aims to explain these non-GAAP measures to investors and how management uses them for planning, budgeting, and evaluating financial and operating results.
This document discusses Celanese Corporation and provides non-GAAP financial measures. It defines operating EBITDA, adjusted earnings per share, and adjusted free cash flow. It states that Celanese is a leading global producer of chemicals and advanced materials with a geographically balanced global presence and diversified end market exposure. The document also provides an overview of Celanese's integrated businesses aligned to accelerate growth.
This document discusses Celanese Corporation's use of non-GAAP financial measures and provides an overview of its business segments. It notes that Celanese uses measures like operating EBITDA, adjusted earnings per share, and adjusted free cash flow to measure performance and provide guidance. It then summarizes Celanese's businesses, noting that it has globally balanced integrated businesses focused on specialty products like consumer and industrial specialties that provide more resilient earnings. Finally, it discusses strategies like reducing costs to improve performance in 2009 during challenging market conditions.
The document summarizes the agenda and presentations for Celanese Corporation's 2007 Investor Day. The agenda included presentations on Celanese's business segments and strategies for growth, operational excellence, and value creation. Celanese aimed to pursue premier performance and deliver superior value creation through industry-leading growth and a geographically balanced global position across diversified end markets.
This presentation by Mike Waites, President & CEO of Finning International Inc., provides an overview of the company and its strategy moving forward. Finning is the exclusive Caterpillar dealer in Canada, Chile, UK and Ireland, with unmatched product support capabilities. The company's vision is to become CAT's best global business partner by providing unrivaled services. Finning will focus on operational excellence, pursuing growth opportunities, generating solid free cash flow, and cultivating a high performance culture. Key initiatives include growing product support, implementing a new ERP system, disciplined capital spending, and investing in technical training.
The document provides an earnings presentation for Masco Corporation for the first quarter of 2012. It summarizes improved financial results driven by increased demand and execution on strategic initiatives. Key highlights included sales growth of 7%, adjusted operating profit growth of $54 million, and continued progress reducing costs and improving underperforming businesses. The presentation also outlines Masco's strategic focus areas and provides an outlook expecting continued benefits from initiatives while noting ongoing competitive and economic challenges.
Masonite Investor Presentation provides an overview of the company and its financial performance. Key points include:
- Masonite has transformed itself through acquisitions and facility closures, becoming a more efficient operator with leadership positions across product categories.
- For the second quarter of 2015, Adjusted EBITDA increased 55% year-over-year to $170 million on a trailing twelve month basis.
- Masonite has a strong balance sheet with $136 million in unrestricted cash and $278 million in total available liquidity as of June 2015.
- The company's balanced growth strategy, which includes a focus on product leadership, sales excellence, and portfolio optimization, is helping to
Third Quarter 2012 Investor PresentationCNOServices
3Q12 results reflect management's successful recapitalization which lowered CNO's cost of capital while maintaining strong capital ratios. Significant progress was also made on resolving the OCB litigation.
CNO's businesses continued to perform well with core earnings building. Investments were made to strengthen distribution and product offerings.
Capital and liquidity remained strong after deploying $455 million to reduce diluted shares by 15% YTD. Metrics like RBC ratio and debt to capital excluding AOCI remained high.
Syed Naveed Abbas is a Cost and Management Accountant with over 12 years of experience in finance roles. He currently serves as the Group Manager of Finance for VAIVAL Group of Companies in Pakistan. Prior to this, he held positions as Assistant Manager of Finance for Synergy Group of Companies and Assistant Manager of Internal Audit for Master Group of Companies. He has extensive experience in financial reporting, management accounting, budgeting, taxation and internal audit.
Lennar Corporation reported record financial performance in fiscal year 2003 with revenues of approximately $9 billion, net earnings of $751 million, and earnings per share of $4.65. The document discusses Lennar's strong balance sheet, disciplined growth strategy focused on finding market inefficiencies, unique dual marketing strategy, and emphasis on maintaining a strong company culture as the key factors that have contributed to its consistent financial success over the years.
Masonite International is a global building products company focused on doors. It has transformed through acquisitions into the largest residential molded door manufacturer and only vertically integrated commercial door maker in North America. Masonite has leadership positions across targeted product categories due to significant barriers to entry in door manufacturing. The company sees opportunities for growth as construction indicators point to expansion in residential and commercial building. Masonite's strategy focuses on operational excellence, portfolio diversification and changing the industry.
Enterprise Ireland Investment Services Division OverviewBank of Ireland
In May 2007 Enterprise Ireland (in conjunction with the Irish Software Association) gave a morning workshop on their investment process with the focus on making it clearer how it works.
This is one of two presentations from the workshop which I have scanned in.
This document provides an annual report and financial statements for Lennar Corporation for the fiscal year ending November 30, 2006. It includes a letter to shareholders from the CEO highlighting the company's focus on liquidity, simplicity, and process to navigate the difficult housing market in 2006, resulting in increased revenues and home deliveries despite write-downs and valuation adjustments. The letter also discusses strategies for 2007 which include maintaining a strong balance sheet, improving margins through cost reductions and efficiency gains, and adhering to processes to adjust operations as needed.
The document provides an earnings presentation for O-I Glass for the first quarter of 2009. It includes the following key points:
1) O-I reported its second highest first quarter earnings since going public in 1991, despite challenging market conditions. Strong price improvements offset declining costs.
2) Earnings were down year-over-year primarily due to weaker sales volumes and currency impacts from a challenging European market.
3) The company maintained a strong balance sheet with flat debt levels and significant available liquidity.
Celanese held an Investor Day on December 13, 2006 in New York City. Celanese is a leading global chemical company with estimated 2006 revenue of $6.7 billion and operating EBITDA of $1.2 billion. Between 2000-2006, Celanese focused on strengthening its portfolio by investing in specialty businesses and divesting non-core assets. Celanese aims to continue growing earnings between 2007-2010 by expanding in Asia, growing downstream specialties, and organizational alignment to address growth opportunities.
Eni reported on its performance in 2009. It delivered better results than expected despite challenging market conditions due to the economic recession. Eni focused on strategic projects in high-growth areas like Iraq and Venezuela that will enable future growth. It invested $52.8 billion over four years in production projects. Eni achieved $3.9 billion in adjusted net profit in exploration and production.
This document discusses forward-looking statements and non-GAAP financial measures. It warns that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. It also states that non-GAAP financial measures should not be considered substitutes for GAAP measures and provides reconciliations. The document introduces Kevin Longe, who will become CEO, and outlines objectives of leveraging strengths for growth, expanding product offerings, enhancing operational framework, and pursuing acquisitions.
Syed Naveed Abbas is a Cost and Management Accountant with over 12 years of experience in finance roles. He currently serves as Group Manager of Finance for VAIVAL Group, an international conglomerate. Prior to this, he held positions such as Department Manager of Finance and Assistant Manager roles. Naveed has extensive experience in financial reporting, budgeting, costing, auditing, and tax compliance. He possesses strong technical skills and has led implementations of ERP systems.
CNO Financial Group reported solid financial and operating results for the fourth quarter of 2011. Their businesses continued to perform well with earnings growth throughout 2011. Sales in the quarter grew 6% over the same period in 2010. The company's financial strength and credit profile also continued to improve, with statutory capital and risk-based capital increasing over 2011. CNO Financial will continue focusing on profitable organic growth by investing in agent recruiting, footprint expansion, and field management development.
Richard Carpenter, managing partner at MerchantCanto and former editor of Investor Relations magazine, discusses the principles of integrated reporting.
Masonite reported strong financial results for Q3 2015, with Adjusted EBITDA growth of 42% and Adjusted EBITDA margin expansion of 310 basis points. The company continues to optimize its portfolio through European acquisitions and divestitures. Masonite maintains a strong balance sheet and liquidity position to support its growth strategy.
Masco Corporation presented at the J.P. Morgan 7th Annual Homebuilding and Building Products Conference on May 15, 2014. The presentation provided an overview of Masco's performance, strengths, opportunities and go forward plan. Masco delivered solid performance in 2013 with $8.2 billion in revenue and over $500 million in free cash flow. The presentation highlighted Masco's strengths in areas like brand leadership, innovation, market coverage and financial position. Opportunities discussed included fully leveraging core businesses, synergies across the portfolio, and actively managing the portfolio. Masco outlined plans for strategic review and communicating an updated strategy by the end of 2014.
This presentation by Mike Waites, President & CEO of Finning International Inc., provides an overview of the company and its strategy moving forward. Finning is the exclusive Caterpillar dealer in Canada, Chile, UK and Ireland, with unmatched product support capabilities. The company's vision is to become CAT's best global business partner by providing unrivaled services. Finning will focus on operational excellence, pursuing growth opportunities, generating solid free cash flow, and cultivating a high performance culture. Key initiatives include growing product support, implementing a new ERP system, disciplined capital spending, and investing in technical training.
The document provides an earnings presentation for Masco Corporation for the first quarter of 2012. It summarizes improved financial results driven by increased demand and execution on strategic initiatives. Key highlights included sales growth of 7%, adjusted operating profit growth of $54 million, and continued progress reducing costs and improving underperforming businesses. The presentation also outlines Masco's strategic focus areas and provides an outlook expecting continued benefits from initiatives while noting ongoing competitive and economic challenges.
Masonite Investor Presentation provides an overview of the company and its financial performance. Key points include:
- Masonite has transformed itself through acquisitions and facility closures, becoming a more efficient operator with leadership positions across product categories.
- For the second quarter of 2015, Adjusted EBITDA increased 55% year-over-year to $170 million on a trailing twelve month basis.
- Masonite has a strong balance sheet with $136 million in unrestricted cash and $278 million in total available liquidity as of June 2015.
- The company's balanced growth strategy, which includes a focus on product leadership, sales excellence, and portfolio optimization, is helping to
Third Quarter 2012 Investor PresentationCNOServices
3Q12 results reflect management's successful recapitalization which lowered CNO's cost of capital while maintaining strong capital ratios. Significant progress was also made on resolving the OCB litigation.
CNO's businesses continued to perform well with core earnings building. Investments were made to strengthen distribution and product offerings.
Capital and liquidity remained strong after deploying $455 million to reduce diluted shares by 15% YTD. Metrics like RBC ratio and debt to capital excluding AOCI remained high.
Syed Naveed Abbas is a Cost and Management Accountant with over 12 years of experience in finance roles. He currently serves as the Group Manager of Finance for VAIVAL Group of Companies in Pakistan. Prior to this, he held positions as Assistant Manager of Finance for Synergy Group of Companies and Assistant Manager of Internal Audit for Master Group of Companies. He has extensive experience in financial reporting, management accounting, budgeting, taxation and internal audit.
Lennar Corporation reported record financial performance in fiscal year 2003 with revenues of approximately $9 billion, net earnings of $751 million, and earnings per share of $4.65. The document discusses Lennar's strong balance sheet, disciplined growth strategy focused on finding market inefficiencies, unique dual marketing strategy, and emphasis on maintaining a strong company culture as the key factors that have contributed to its consistent financial success over the years.
Masonite International is a global building products company focused on doors. It has transformed through acquisitions into the largest residential molded door manufacturer and only vertically integrated commercial door maker in North America. Masonite has leadership positions across targeted product categories due to significant barriers to entry in door manufacturing. The company sees opportunities for growth as construction indicators point to expansion in residential and commercial building. Masonite's strategy focuses on operational excellence, portfolio diversification and changing the industry.
Enterprise Ireland Investment Services Division OverviewBank of Ireland
In May 2007 Enterprise Ireland (in conjunction with the Irish Software Association) gave a morning workshop on their investment process with the focus on making it clearer how it works.
This is one of two presentations from the workshop which I have scanned in.
This document provides an annual report and financial statements for Lennar Corporation for the fiscal year ending November 30, 2006. It includes a letter to shareholders from the CEO highlighting the company's focus on liquidity, simplicity, and process to navigate the difficult housing market in 2006, resulting in increased revenues and home deliveries despite write-downs and valuation adjustments. The letter also discusses strategies for 2007 which include maintaining a strong balance sheet, improving margins through cost reductions and efficiency gains, and adhering to processes to adjust operations as needed.
The document provides an earnings presentation for O-I Glass for the first quarter of 2009. It includes the following key points:
1) O-I reported its second highest first quarter earnings since going public in 1991, despite challenging market conditions. Strong price improvements offset declining costs.
2) Earnings were down year-over-year primarily due to weaker sales volumes and currency impacts from a challenging European market.
3) The company maintained a strong balance sheet with flat debt levels and significant available liquidity.
Celanese held an Investor Day on December 13, 2006 in New York City. Celanese is a leading global chemical company with estimated 2006 revenue of $6.7 billion and operating EBITDA of $1.2 billion. Between 2000-2006, Celanese focused on strengthening its portfolio by investing in specialty businesses and divesting non-core assets. Celanese aims to continue growing earnings between 2007-2010 by expanding in Asia, growing downstream specialties, and organizational alignment to address growth opportunities.
Eni reported on its performance in 2009. It delivered better results than expected despite challenging market conditions due to the economic recession. Eni focused on strategic projects in high-growth areas like Iraq and Venezuela that will enable future growth. It invested $52.8 billion over four years in production projects. Eni achieved $3.9 billion in adjusted net profit in exploration and production.
This document discusses forward-looking statements and non-GAAP financial measures. It warns that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. It also states that non-GAAP financial measures should not be considered substitutes for GAAP measures and provides reconciliations. The document introduces Kevin Longe, who will become CEO, and outlines objectives of leveraging strengths for growth, expanding product offerings, enhancing operational framework, and pursuing acquisitions.
Syed Naveed Abbas is a Cost and Management Accountant with over 12 years of experience in finance roles. He currently serves as Group Manager of Finance for VAIVAL Group, an international conglomerate. Prior to this, he held positions such as Department Manager of Finance and Assistant Manager roles. Naveed has extensive experience in financial reporting, budgeting, costing, auditing, and tax compliance. He possesses strong technical skills and has led implementations of ERP systems.
CNO Financial Group reported solid financial and operating results for the fourth quarter of 2011. Their businesses continued to perform well with earnings growth throughout 2011. Sales in the quarter grew 6% over the same period in 2010. The company's financial strength and credit profile also continued to improve, with statutory capital and risk-based capital increasing over 2011. CNO Financial will continue focusing on profitable organic growth by investing in agent recruiting, footprint expansion, and field management development.
Richard Carpenter, managing partner at MerchantCanto and former editor of Investor Relations magazine, discusses the principles of integrated reporting.
Masonite reported strong financial results for Q3 2015, with Adjusted EBITDA growth of 42% and Adjusted EBITDA margin expansion of 310 basis points. The company continues to optimize its portfolio through European acquisitions and divestitures. Masonite maintains a strong balance sheet and liquidity position to support its growth strategy.
Masco Corporation presented at the J.P. Morgan 7th Annual Homebuilding and Building Products Conference on May 15, 2014. The presentation provided an overview of Masco's performance, strengths, opportunities and go forward plan. Masco delivered solid performance in 2013 with $8.2 billion in revenue and over $500 million in free cash flow. The presentation highlighted Masco's strengths in areas like brand leadership, innovation, market coverage and financial position. Opportunities discussed included fully leveraging core businesses, synergies across the portfolio, and actively managing the portfolio. Masco outlined plans for strategic review and communicating an updated strategy by the end of 2014.
Baromètre économique de l'ACOSS annonçant une reprise des déclarations d'embauche en France en juillet 2013. Un excellent document synthétisant de nombreuses statistiques sur l'emploi et le chômage.
Este documento introduce los campos vectoriales, que asignan un vector a cada punto del espacio. Se definen campos vectoriales en el plano y en el espacio, y se explican conceptos como su dominio, continuidad y representación gráfica. Luego, se presentan varios ejemplos de campos vectoriales como campos de fuerzas, gradientes y velocidades, ilustrando sus propiedades y aplicaciones. Finalmente, se introduce la noción de campo vectorial conservativo.
This document discusses Celanese Corporation's performance in 2008 and strategies going forward. It contains the following key points:
1. Celanese reported strong financial results for the third quarter and year-to-date 2008, despite challenging market conditions.
2. The company has executed a strategy focused on specialty businesses and divesting non-core assets to create a more resilient portfolio.
3. Going forward, Celanese aims to accelerate growth in specialty businesses like Consumer Specialties and leverage its integrated operations and global positions.
This document discusses Celanese Corporation's use of non-GAAP financial measures and forward-looking statements in company presentations. It provides definitions and explanations for key performance metrics used by Celanese, such as operating EBITDA, adjusted earnings per share, and adjusted free cash flow. It also notes that Celanese is unable to reconcile forecasts for these non-GAAP measures to GAAP measures. The document aims to explain these non-GAAP measures to investors and how management uses them for planning, budgeting, and evaluating financial and operating results.
The document summarizes Celanese Corporation's second quarter 2008 earnings conference call. It provides an overview of the participants in the call, including the Chairman and CEO and Senior Vice President and CFO. Key highlights from the second quarter include record sales driven by higher pricing and growth in Asia, though operating profit declined due to higher raw material costs. The document reviews financial results and performance across Celanese's business segments and discusses continued strong cash generation and the company's outlook for 2008.
The document summarizes Celanese's 2Q 2008 earnings conference call. It includes an agenda with the Chairman and CEO and SVP and CFO scheduled to speak. It also provides forward-looking statements, non-GAAP financial measure definitions, and notes the results are unaudited. Key highlights are record net sales for the quarter driven by higher pricing and volumes in Asia, but lower operating profit and EPS due to higher raw material costs, and a plan to achieve growth objectives by 2010 through volume growth in advanced materials and consumer/industrial specialties.
The document summarizes Celanese's 2Q 2008 earnings conference call. It includes an agenda with the Chairman and CEO and SVP and CFO scheduled to speak. It also provides forward-looking statements, non-GAAP reconciliations, and describes results as unaudited. Key highlights are record net sales for the quarter driven by higher pricing and volumes in Asia, though operating profit and EPS declined from significantly higher raw material costs. The company also reaffirms its path to achieving operating EBITDA growth objectives by 2010 through volume growth in advanced materials and further acetate tow penetration.
3/2/07 DF Special Dividend ConferenceCallSlidesfinance23
Dean Foods Company announced a special one-time dividend of $15 per share for shareholders, totaling approximately $2 billion. The dividend is conditioned upon completing a $4.8 billion credit facility to fund the payout and refinance existing debt. The presentation reviewed Dean Foods' strong financial performance and growth strategy, and argued that now is an opportune time for the recapitalization given internal growth opportunities and favorable debt market conditions. Guidance for 2007 was updated to reflect the transaction.
Celanese will hold a conference call on February 6, 2007 at 10:00 am CT to discuss its 4th quarter 2006 earnings. The call will feature presentations from Dave Weidman, President and CEO, and John J. Gallagher III, Executive Vice President and CFO. The document provides an overview of Celanese's 4th quarter and full year 2006 financial highlights including net sales, operating profit, adjusted EPS, operating EBITDA, and free cash flow. It also outlines Celanese's objectives to grow operating EBITDA to $300-350 million by 2010 through business revitalization, innovation, organic growth in Asia, and a focus on operational excellence.
This document provides details on Celanese Corporation's second quarter 2007 earnings conference call, including details on the call participants, forward-looking statements, and reconciliation of non-GAAP measures. It also summarizes key financial highlights and performance details for Celanese's business segments, including increased sales and operating EBITDA compared to the prior year. Equity investments also continued to deliver increased income and cash flow.
The document summarizes Celanese Corporation's 1Q 2008 earnings conference call. It includes details on the speakers, forward-looking statements, non-GAAP reconciliations, and 1Q 2008 financial highlights for each business segment. Celanese reports higher sales driven by price increases and currency effects, though margins were pressured by rising input costs. Affiliate earnings and dividends increased. Celanese affirms 2008 guidance for adjusted EPS of $3.60-$3.85 and operating EBITDA of $1.355-$1.415 billion.
Celanese will hold a conference call on April 22, 2008 at 10:00 am ET to discuss its first quarter 2008 earnings. The call will feature Dave Weidman, Chairman and CEO, and Steven Sterin, Senior Vice President and CFO. The document provides forward-looking statements and non-GAAP financial measures to supplement GAAP reporting. It summarizes Celanese's financial highlights for Q1 2008, including revenue increases across most business segments and higher adjusted EPS compared to Q1 2007. Celanese affirms its 2008 guidance for adjusted EPS and operating EBITDA.
Celanese held a conference call to discuss its fourth quarter 2005 earnings. Key highlights included strong underlying business results driven by higher pricing and demand. The company also provided an outlook for 2006, forecasting adjusted EPS between $2.50-$2.90. Significant contributions continue to come from equity and cost investments, which paid $154 million in dividends for full-year 2005, up from $77 million in 2004. Capitalization was also discussed, with net debt of $3.047 billion as of December 31, 2005.
Celanese will hold a conference call on October 31, 2006 to discuss its third quarter 2006 earnings. The call will include presentations from Dave Weidman, President and CEO, and John J. Gallagher III, Executive Vice President and CFO. They will discuss Celanese's financial results for the third quarter, business segment highlights, capitalization, guidance for full year 2006, and reconciliation of certain non-GAAP financial measures used by management.
1) Fidelity National Information Services presented an investor presentation in June 2008 that discussed their planned spin-off of the Lender Processing Services segment. The spin-off was intended to create two pure play companies that could better focus resources and have improved investment profiles.
2) FIS overview highlighted their leadership in payments processing and core banking software, with $2.9 billion in annual revenues and significant scale across the US and international markets.
3) Financial highlights showed strong revenue growth, expanding margins, and increasing free cash flow that could be used to invest in growth, reduce debt, pursue acquisitions and return capital to shareholders.
The document summarizes Celanese Corporation's 1Q 2009 earnings conference call. It provides an overview of the participants in the call and includes forward-looking statements and information on non-GAAP measures. The financial highlights show a year-over-year decline in net sales, operating profit, and adjusted EPS due to lower volumes and pricing pressure. Segment results are also down across most businesses compared to prior year. However, the company maintained a strong cash position and generated positive adjusted free cash flow for the quarter.
This document is a presentation by Bill Johnson, Chairman and CEO of Progress Energy, given at the EEI Financial Conference in Phoenix, AZ on November 11, 2008. The presentation provides an overview of Progress Energy, including its strategic focus on achieving long-term annual EPS growth of 4-5%, pursuing a balanced solution to secure the energy future, and sustaining financial strength during nuclear construction. It also discusses Progress Energy's regulated utilities, major capital projects, regulatory updates, and long-term financial objectives.
Dean Foods reported financial results for the fourth quarter and full year of 2008. The company had strong profit growth in the fourth quarter, with adjusted operating income increasing 27% compared to the fourth quarter of 2007. For the full year, Dean Foods recovered from a weak first quarter, with adjusted operating income growing 7% despite high dairy commodity costs. The company significantly reduced debt in 2008 and expects continued earnings growth in 2009, led by the DSD Dairy and WhiteWave-Morningstar segments. Dean Foods is well positioned for 2009 despite volatility in dairy markets.
The document summarizes Celanese Corporation's third quarter 2007 earnings conference call that was scheduled for October 23, 2007 at 10:00 am ET. It would be led by Dave Weidman, Chairman and CEO, and Steven Sterin, Senior Vice President and CFO. The document provides an overview of Celanese's business segments and key financial highlights for the third quarter of 2007, including adjusted EPS of $0.73, a 7% increase in net sales, and operating EBITDA of $302 million. It also reviews the company's outlook and growth strategies for 2007.
1. Santander reported consistent results in Q1 2009, with attributable profit decreasing 5% year-over-year to EUR 2.096 billion. Excluding exchange rates, profit increased 9%.
2. Net interest income increased 18.8% excluding exchange rates, driven by spreads management in a low interest rate environment. Operating expenses increased 1.8% excluding exchange rates and perimeter changes, reflecting strict cost control.
3. Loan-loss provisions increased 67.8% excluding exchange rates to EUR 2.234 billion, but were lower than in Q4 2008 due to specific provisions. Generic provisions decreased as forecasted.
1. Santander reported consistent results in Q1 2009, with attributable profit decreasing 5% year-over-year to EUR 2.096 billion. Excluding exchange rates, profit increased 9%.
2. Net interest income increased 18.8% excluding exchange rates, driven by spreads management in a low interest rate environment. Operating expenses increased 1.8% excluding exchange rates and perimeter changes, reflecting strict cost control.
3. Loan-loss provisions increased 67.8% excluding exchange rates to EUR 2.234 billion, but were lower than in Q4 2008 due to specific provisions. Generic provisions decreased as forecasted.
Public Service Enterprise Group provides an overview of its business units and strategy. It notes that operational excellence, disciplined investment, and financial strength will drive earnings growth of 8-9% annually. The company has $3 billion in discretionary cash through 2011 that can be used for growth or share repurchases to provide a total shareholder return of 10-13% annually. PSEG's assets are well-positioned for various regulatory environments including potential carbon regulation.
Similar to celanese 2008_may_roadshow_presentation_final (20)
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, discussed the company's strong third quarter fiscal year 2006 results and provided an outlook for fiscal years 2006 and 2007. Some highlights included record sales and operating income for Q3 2006. The company also announced two acquisitions, AK Specialty Vehicles and Iowa Mold Tooling, expected to be accretive to earnings in fiscal 2007. For fiscal 2006, Oshkosh estimates sales growth of 14.9-16.6% and EPS growth of 24-26%. Fiscal 2007 estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15.
Oshkosh Truck Corporation presented an investor presentation on its proposed acquisition of JLG Industries, Inc. The presentation discussed Oshkosh's track record of successful acquisitions and shareholder value creation. It also outlined the objectives of acquiring JLG to support growth above 15%, diversify into the fast-growing aerial work platform market, and execute its long-term acquisition strategy. Finally, the presentation provided an overview of Oshkosh Truck Corporation and its proven strategy of new product leadership, operational excellence, and strategic acquisitions that have fueled strong sales and earnings growth.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
In this earnings call, Oshkosh Truck Corporation discusses its first quarter 2007 results. Sales increased 27.4% to $1.01 billion due to the acquisition of JLG Industries. Operating income decreased 3.9% to $83.6 million and EPS decreased 23.6% to $0.55. The company increased its full-year 2007 EPS estimate range to $3.15 to $3.25 per share. JLG is meeting expectations and integration is progressing well. Defense sales were lower compared to strong prior year results while fire and emergency and commercial saw strong performance.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
1) Oshkosh reported strong third quarter 2007 results with sales increasing 108% to $1.85 billion and operating income up 133% to $192.7 million.
2) Access equipment and defense led the growth in sales and operating income. The acquisition of JLG was accretive to EPS by $0.35 per share.
3) For fiscal year 2007, Oshkosh estimates sales between $6.3-6.35 billion and EPS between $3.35-3.40, and for fiscal year 2008 estimates sales between $7-7.2 billion and EPS between $4.15-4.35.
The document summarizes Oshkosh Truck Corporation's fourth quarter fiscal 2007 earnings conference call. It discusses record sales and operating income for fiscal 2007. Projections are provided for fiscal 2008, estimating sales between $7.1-7.3 billion and operating income between $690-715 million. Segment performances are reviewed, with access equipment and defense highlighted as key growth drivers. Estimates are also given for interest expense, tax rates, capital expenditures and debt levels for fiscal 2008.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
The document summarizes Oshkosh Corporation's earnings conference call for the third quarter of fiscal year 2008. It discusses increases in sales revenue but decreases in operating income and earnings per share compared to the previous year. Several initiatives are mentioned to manage costs and cash flow in changing market conditions. Business segment results are provided, with strength in access equipment and defense but challenges in commercial and fire & emergency sectors.
This document is the transcript from Oshkosh Corporation's earnings conference call for the fourth quarter of fiscal year 2008. It discusses Oshkosh's financial results for Q4 and fiscal year 2008, including sales, operating income, earnings per share, and debt reduction. It also provides an outlook for fiscal year 2009, estimating revenues of $6.3-6.7 billion, operating income of $350-400 million, and EPS of $1.65-2.05. The transcript reviews performance and outlook for each of Oshkosh's business segments and discusses its financing plans.
Robert Bohn and David Sagehorn of Oshkosh Corporation gave a presentation at the Goldman Sachs Conference in November 2008. They discussed Oshkosh's strong financial position and actions taken to reduce costs and debt. While market conditions were volatile due to the economic downturn, Oshkosh was well positioned with backlogs in defense, fire, and refuse collection vehicles. The presentation outlined Oshkosh's segments and strategies to manage through the difficult economy.
1) The document is from a presentation given by Oshkosh executives Charles Szews and David Sagehorn at the R.W. Baird Industrial Conference on November 12, 2008.
2) Oshkosh reported sales increased 13.2% to $7.1 billion in fiscal 2008, with international sales reaching $2.1 billion. However, operating income decreased 1.5% and EPS decreased 5.9% due to non-cash impairment charges.
3) Oshkosh recently secured multiple defense contracts and sees opportunities in the domestic refuse collection vehicle market, but the current market volatility and credit crisis make fiscal 2009 projections difficult given exposure to construction and municipal spending.
Charles Szews, President and COO of Oshkosh Corporation, presented at the Cowen and Company Aerospace & Defense Conference on February 5, 2009. He discussed Oshkosh's business segments, products, competitive advantages, challenges, and actions taken in response to the economic downturn. Key points included reduced revenues and earnings in Q1 2009, cost reduction efforts, and focus on core businesses with strong backlogs like defense and fire apparatus that have gained market share.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
This document contains the transcript from Oshkosh Corporation's earnings conference call for the third quarter of fiscal year 2008. Key highlights include a 6.6% increase in quarterly sales to $1.97 billion but a 5.9% decrease in operating income to $181.2 million. EPS for the quarter decreased 1.7% to $1.19. Oshkosh revised its estimate for full year 2008 EPS to a range of $3.15 to $3.30.
This document summarizes an earnings conference call for Oshkosh Corporation for the fourth quarter of fiscal year 2008. It discusses the company's financial results including a 5.8% increase in sales to $1.9 billion but a 32% decrease in operating income to $122 million. The document also provides an overview of Oshkosh's fiscal year 2008 results and discusses challenges faced in various business segments due to economic conditions. It notes actions taken by the company to reduce costs and debt. An outlook is given for fiscal year 2009 noting market volatility and a plan to drive over $500 million in debt reduction. Business segment results and outlooks are also summarized.
Unlock Your Potential with NCVT MIS.pptxcosmo-soil
The NCVT MIS Certificate, issued by the National Council for Vocational Training (NCVT), is a crucial credential for skill development in India. Recognized nationwide, it verifies vocational training across diverse trades, enhancing employment prospects, standardizing training quality, and promoting self-employment. This certification is integral to India's growing labor force, fostering skill development and economic growth.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
2. 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 needs and other information that is not historical information. When used in this presentation, the words “outlook,”
“forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify
forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance
that the company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond the company’s control, could cause
actual results to differ materially from those expressed as forward-looking statements. Certain of these risk factors are discussed in the company’s filings with the
Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to
update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated
events or circumstances.
This presentation reflects three performance measures, operating EBITDA, adjusted earnings per share and adjusted free cash flow as non-U.S. GAAP measures.
The most directly comparable financial measure presented in accordance with U.S. GAAP in our consolidated financial statements for operating EBITDA is operating
profit; for adjusted earnings per share is earnings per common share-diluted; and for adjusted free cash flow is cash flow from operations.
►Operating EBITDA, a measure used by management to measure performance, is defined as operating profit from continuing operations, plus equity in net earnings
from affiliates, other income and depreciation and amortization, and further adjusted for other charges and adjustments. We provide guidance on operating EBITDA
and are unable to reconcile forecasted operating EBITDA to a GAAP financial measure because a forecast of other charges and other adjustments is not practical.
Our management believes operating EBITDA is useful to investors because it is one of the primary measures our management uses for its planning and budgeting
processes and to monitor and evaluate financial and operating results. Operating EBITDA is not a recognized term under U.S. GAAP and does not purport to be an
alternative to operating profit as a measure of operating performance or to cash flow from operations as a measure of liquidity. Because not all companies use
identical calculations, this presentation of operating EBITDA may not be comparable to other similarly titled measures of other companies. Additionally, operating
EBITDA is not intended to be a measure of free cash flow for management’s discretionary use, as it does not consider certain cash requirements such as interest
payments, tax payments and debt service requirements nor does it represent the amount used in our debt covenants.
►Adjusted earnings per share is a measure used by management to measure performance. It is defined as net earnings (loss) available to common shareholders plus
preferred dividends, adjusted for other charges and adjustments, and divided by the number of basic common shares, diluted preferred shares, and options valued
using the treasury method. We provide guidance on an adjusted earnings per share basis and are unable to reconcile forecasted adjusted earnings per share to a
GAAP financial measure because a forecast of other charges and other adjustments is not practical. We believe that the presentation of this non-U.S. GAAP measure
provides useful information to management and investors regarding various financial and business trends relating to our financial condition and results of operations,
and that when U.S. GAAP information is viewed in conjunction with non-U.S. GAAP information, investors are provided with a more meaningful understanding of our
ongoing operating performance. This non-U.S. GAAP information is not intended to be considered in isolation or as a substitute for U.S. GAAP financial information.
►The tax rate used for adjusted earnings per share is the tax rate based on our original guidance communicated at the company’s investor day in December 2007.
We adjust this tax rate during the year only if there is a substantial change in our underlying operations; an updated forecast would not necessarily result in a change
to our tax rate used for adjusted earnings per share. The adjusted tax rate may differ significantly from the tax rate used for U.S. GAAP reporting in any given
reporting period. It is not practical to reconcile our prospective adjusted tax rate to the actual U.S. GAAP tax rate in any future period.
►Adjusted free cash flow is defined as cash flow from operations less capital expenditures, other productive asset purchases, operating cash from discontinued
operations and certain other charges. We believe that the presentation of this non-U.S. GAAP measure provides useful information to management and investors
regarding changes to the company’s cash flow. Our management and credit analysts use adjusted free cash flow to evaluate the company’s liquidity and assess credit
quality. This non-U.S. GAAP measure is not intended to be considered in isolation or as a substitute for U.S. GAAP financial information.
2
3. Who is Celanese?
Superior Value Creation
Strategy
Industry Leader
Clear focus on growth and ►
value creation
Geographically balanced
●
global positions
Culture Diversified end market
Leading Global ●
Strong performance exposure
Integrated Producer
built on shared of Chemicals and
Strong Cash Generation
►
principles and
Advanced Materials
objectives
Significant Growth
►
Capability
Execution Track record of execution
●
Demonstrated track record
Clearly defined
●
of delivering results
opportunities
3
4. Today’s portfolio: higher growth, more
specialty
2007 Financial Highlights:
►
Operating EBITDA1
Net sales - $6,444 million
●
Operating EBITDA - $1,325 million
Advanced Engineered Materials ●
Consumer and Industrial Specialties
Strategic growth plans
►
Acetyl Intermediates
1,400
continue to accelerate
earnings of specialty
1,200
businesses
1,000
Essentially all growth has come from
●
$ in millions
specialty businesses
800
Two-thirds of 2010 Growth
●
Objectives expected from specialty
600
businesses
Resulting in:
400 ►
Higher growth rates
●
200
Increased overall earnings power of
●
the portfolio
-
Reduced volatility
●
2005 2006 2007
1Operating EBITDA excludes Other Activities of ($122), ($134) and ($82) respectively for the periods presented
4
5. Globally balanced and integrated
businesses aligned to accelerate growth
Differentiated Intermediates Specialty Products
Building Block
Acetate
Consumer
Specialties
Anhydride
(CS)
Nutrinova
and esters
Acetic
Acid
Emulsions
Industrial
Raw VAM PVOH Specialties
Materials
(IS)
AT Plastics
Formaldehyde
Ticona
Advanced
Engineering
Acetyl Intermediates Engineered
Polymers
(AI) Materials
(AEM)
Affiliates
5
6. Committed to delivering value creation
Primary Growth Focus
Balance Operational EBITDA
Group Asia Revitalization Innovation Organic
Sheet Excellence Impact
Consumer and
EPS Operating EBITDA
Industrial X X X X >$100MM
Specialties
Advanced
Engineered X X X X >$100MM
Materials
Acetyl
X X X >$100MM
Intermediates
Celanese Incremental
X X
Corporate EPS
$350 – $400 million increased EBITDA profile
plus EPS potential by 2010
6
7. On track and clear path forward to
accelerate 2010 Growth Objectives
Operating EBITDA Growth Objectives
Advanced Engineered Materials
400
AEM: volume growth > 2X GDP
Consumer and Industrial Specialties ►
Acetyl Intermediates
through further penetration
CIS: Acetate continues
►
$ in millions
execution on revitalization
200
strategy; Emulsions/PVOH
revitalization commences
AI: Nanjing acetic acid plant
►
startup leads integrated complex
0
2007 2008 2009 2010
7
8. AEM: value in technology and performance
realized in price and positioned for growth
$100 / kg Price for Performance
$10 / kg
$3 / kg
$100/kg
High-Performance Polymers (HPP)
5%
$10/kg
Engineering Thermoplastics (ETP)
$3/kg
others = 2%
Performance
Price Range
Ranges
PU = 6%
95% Standard Polymers
$1/ kg PET = 7%
ABS, SAN, ASA: 3%
PS, EPS = 8%
PVC = 17%
PE = 31% PP = 21%
$1/kg
Range of Products
8
9. AEM: significant opportunity for
increased penetration in high growth
region
Advanced Engineered Materials
Global Auto Production
Type of Resins
China
Japan
6
2001
U.S.
Germany
14
2007
India
S. Korea
2010E 18
China production
France
nearly doubles Highest
Brazil
within 5 years 40
Current
Spain Model
Canada 2006 Production China
2.5 Trend
Current
Production Growth 2006-2012
Mexico
0 3,000 6,000 9,000 12,000 15,000
Pounds per Vehicle
Vehicle Production (Thousand units)
Source: Global Insight Source: Celanese Estimates
9
10. AEM: megatrends driving growth for
Vectra® LCP through LED lighting
Customer
Requirements
High flow
►
Low emissions
►
Dimensional
►
stability
Pinpoint light
►
Drivers:
source
Improved safety
►
Lower energy consumption
►
$5.1 billion $17.4 billion
Miniaturization
►
Aesthetics
►
in 2006 in 2017
Design trends
►
Audi A8 Audi R8 LED Street Lamps Applying Connector
Daytime Running 54 LEDs per Expertise to New
Lights Headlamp Technologies
10 Source: Philips
11. IS: technology enhancements open
$1.0 billion of new growth opportunities
Global Vinyl Emulsions Applications Driving 2010 Growth
2010E
Growth
4.0
Applications Application
>25% Rate
Sales ($MM)
~30%
3.0
$ in billions
~25% Low VOC and nano
$400 – $500 10+%
increase in paints
2.0
vinyl space
Engineered
$200 – $300 3% - 5%
fabrics/glass fiber
1.0
Enviro-friendly
$100 – $200 8%
adhesives
0.0
2006 2010E China building/
$100 – $200 30+%
construction
Others
Celanese
$1.0 billion expansion = >$250 million in revenue
11
12. IS: current regulatory trends enabling
growth potential for VAE in U.S.
VOC Regulatory Trends for
European Interior Paint
European VAE Success Flat to Semi-Gloss Paints
Industry Development
50%
VAE Share of Interior
1999
US VOC grams/liter
EU VOC parts/liter
VOC (g/L): 250 – 380
Paints
VOC Content 2004
VOC (g/L): 100 – 150
0%
European
1996 2006 2010E
Standard
Celanese Others
1990 2006
1999 2008
Current trends in U.S. following European precedent
►
► In 2008, Southern California will further restrict emission requirements in paints
► Today, less than 25% of the interior paints meet the contemplated guidelines
$100 - $2001 per ton estimated cost for non-VAE emulsions to achieve standard
► U.S. interior paint opportunity ~$1.0 billion
VAE provides favorable substitution for low-VOC requirements
1 Based on Celanese estimates
12
13. AI: consumer trends support long-term
growth 1-2% greater than GDP
Acetyl Product
Key Trends End Market Increased Demand
Benefited
Paints, coatings, inks and adhesives
Emerging
VAM, Esters
used in residential and commercial
Economies
applications
Acetic Acid, Acetic
Demographics Pharmaceuticals
Anhydride
Increased demand for packaging films
Affluence VAM
(PVOH, EVOH)
Convenience Films and polyester Acetic Acid, VAM
Water Consumption of bottled water Acetic Acid
Environmentally friendly paints and
Environment VAM (for VAE)
coatings
13
14. AI: continued >GDP demand growth
driven by each major end use
Acetic Acid End-Use Growth
Annual acetic acid
►
(2000 – 2010)
demand growth of ~4.5%
through at least 2010
12,000 350
► Each end market is
China Acetic Acid Demand (indexed at 100)
experiencing favorable
CAGR 12%
Acetic Acid Demand by End-Use, kta
300
10,000
demand expansion
► 2007 – 2010 estimated
250
8,000
CAGR:
200
VAM: 6%
6,000
150
PTA: 7%
4,000
Esters: 4%
100
Anhydride: 3%
2,000
50
0 0
2000 2004 2007 2010
Strong acetic acid
VAM PTA Esters Anhydride Other China Demand
continues through 2010
Source: Tecnon and Celanese Estimates, 2008
14
15. AI: advantaged operating costs and
favorable supply/demand continues
through 2010
2010E Acetic Acid Cost Curve (kt)
Acetic Acid Supply/Demand Balance
(based on nameplate capacity)
High Cost
12,000
Ethylene Low Cost
High Cost Supply
Demand
Ethanol 10,000
8,000
Celanese
Conventional
Technology
kt
6,000
MeOH/CO
AOPlus™/Leading 4,000
Competition
2,000
By-
prod
0
2004 2005 2006 2007 2008E 2009E 2010E
Utilization of
0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Effective
Capacity1(11/07 ): 91% 93% 92% 94% 93% 91% 91%
12008E-2010E effective utilization based on external analysis assumptions
Source: Celanese estimates, available public data
15
16. Recent initiatives to support growth
beyond 2010
Recent Actions
Direct to China
►
Announced plans to add polymer compounding
unit to the Nanjing Complex
Advanced
Commissioned start-up of Nanjing Celstran® unit
Engineered
Materials Kelsterbach relocation
►
Announced 40% capacity expansion at new
European POM facility
Signed an agreement with Wison to double
►
Nanjing CO supply increasing reliability and
supporting future expansion
Acetyl
Announced agreement with SWRI, a leading
Intermediates ►
Chinese technology institute, to acquire
technology licensing rights and development
capabilities
Recently announced authorization for $400 million share repurchase
16
17. Strong cash flow generation enables
future earnings growth
Adjusted Free Cash Flow1
Strong operating results
►
550 - 600
456
Working capital productivity
►
385
$ in millions
Decrease in overall borrowing
►
costs since 2005
Continued improvement in
►
interest coverage ratio
2006 2007 2008E
Enhanced capital flexibility
►
Operating EBITDA/Net Interest
Bias for growth spending
►
7x
8.0% Borrowing Rate
6.5x
6x
Maximize return to
►
6.1x
5x
shareholders
4.5x
4x
3.9x
3x
2x
6.9%
1x
0x
2005 2006 2007 2008E
1 Adjustedfree cash flow calculated as cash flow from operations less capital expenditures less other productive asset purchases less operating
17
cash from discontinued operations plus certain other charges – 2008 estimate excludes Kelsterbach relocation
18. Growth focused cash flow and capital
structure strategy
Cash Available for Strategic Use
Execute Growth Strategy Optimize Capital Structure
Cost Reduction
Core/Bolt-on Share Debt
& Revitalization Growth Projects Dividends
Acquisitions Repurchase Repayment
Projects
Capital Structure Objectives
Investment Criteria
Cost
Aligned with Strategic Pillars ►
►
Stability
2 – 4 year simple payback period ►
►
Flexibility
> 20 – 50% ROIC ►
►
Maximize shareholder value
►
18
19. Case for improved valuation
3Yr Avg EBITDA/Sales2
3Yr Avg FCF Yield2 3Yr Avg EBITDA Growth2
20% 20%
18%
15%
7%
14% 14%
14%
13%
5% 10%
5%
4%
4%
4%
2%
DOW PPG EMN ROH FMC CE -4%
-7%
DOW PPG EMN ROH FMC CE
DOW PPG EMN ROH FMC CE
NorthAvgEBITDAYield2 1 21
America Sales1
3Yr3YrForward % of Sales
3YrAvg % FCF Growth
Asia EBITDA/Sales
Avg of P/E2
66% 28%
12% 7%
20% 10%
15.8 20%
53% 52%
8% 18%
13.9
13.4 20%
45%
5% 45%
5%
15%
11.6 11.4
11.3
14% 14% 4%
4% 3% 15%
4% 14%
12% 28%
9%
-4%
-6%
North America % of Sales1
Asia % of Sales1
DOW PPG EMN ROH FMC CE
59% 28%
57%
25%
49%
22%
38% 37%
16%
29%
13%
11%
DOW PPG EMN ROH FMC CE
DOW PPG EMN ROH FMC CE
1Based on information provided in 2007 Form 10-K filings
2Thompson Financial as of April 30, 2008, Company reports, Celanese estimates
19
20. Well positioned for continued earnings
growth and value creation
Operating EBITDA Growth
Operating EBITDA Margin Operating EBITDA/Net Interest
Objectives
20% 400
19% 21%
19% 7x
20%
17% 6.5x
16% 6x
6.1x
15% 15% 19%
5x
15% 16% 17%
$ in millions
200 4.5x
4x
3.9x
10% 3x
11% 11% 11%
10%
2x
5%
0
1x
2000 2001 2002 2003 2004 2005 2006 2007
2007 2008 2009 2010
As Reported 0x
AI CIS AEM
2005 2006 2007 2008E
Pro Form a for Current Portfolio
Clear Growth
Improved Portfolio Increased Financial
Objectives
Performance Flexibility
Improved Shareholder Value
20
22. Delays continue to be common for
acetyl projects
Company Capacity 2005 2006 2007 2008 2009 2010
300kt
BP/FPC SU
A X
150kt
BP / Yaraco A X SU
200kt
Wujing A X X SU
150kt
Sopo A X SU
150kt
Fanavaran A X SU
200kt
Lunan Cathay X SU
A
500kt Cancelled
Acetex (Tasnee) A
600kt
Celanese Nanjing (Phase 1) X SU
A X
550kt
BP / Sinopec A X X X
425kt
Sipchem A X X X
200kt
Daqing A X SU
200kt
Hualu Hensheng X
A
350kt
Lunan Cathay (expansion) A X
600kt
Sopo (expansion) A X
200kt
Tianjin Bohei A X
Company announced startup CE 2005 update CE 2006 update CE 2007 update
A
X = Project delay SU = Actual plant startup
22
23. 2008 business outlook
(updated on April 22, 2008)
Volume growth >2x GDP across both transportation
►
and non-transportation applications
Advanced
► Continued high energy and raw material costs
Engineered
expected to pressure margins
2008 Guidance:
Materials
► Significant progress expected in Nanjing
production capabilities Adjusted EPS
$3.60 to $3.85
Synergy capture from APL integration
►
Consumer
► Strong underlying business fundamentals
Specialties
Operating EBITDA
High raw material costs continue
►
Industrial $1,355 to $1,415 million
► Realize benefits from revitalization efforts
Specialties
Forecasted 2008
Continued strong global demand
►
adjusted tax rate of
► Incremental acetic acid volume
26%
associated with China expansion
Acetyl
► VAM and acetic anhydride production scheduled to
Intermediates
begin in Nanjing
► Prices expected to adjust only modestly in 2008
23
24. Advanced Engineered Materials
in millions 1st Qtr 2008 1st Qtr 2007
Net Sales $262
$294 up 12%
Operating EBITDA $67
$60 down 10%
First Quarter 2008:
► Net sales increase driven by volume growth (6%) and positive
currency effects (8%)
► Growth in China continues to drive results
► Slight pricing declines due to geographic and product mix
► Higher raw material and energy costs continue to pressure margins
► Overall lower earnings from equity affiliates contributed to decrease
in Operating EBITDA
24
25. Consumer Specialties
in millions 1st Qtr 2008 1st Qtr 2007
Net Sales $269
$282 up 5%
Operating EBITDA $60
$65 up 8%
First Quarter 2008:
► Net sales increase primarily driven by European acquisition,
improved pricing on global demand and favorable currency impacts
► Pricing more than offset significantly higher energy costs
► Operating EBITDA improvement also includes acquisition synergies
25
26. Industrial Specialties
in millions 1st Qtr 2008 1st Qtr 2007
Net Sales $346
$365 up 5%
Operating EBITDA $26
$36 up 38%
First Quarter 2008:
► Increase in net sales primarily driven by favorable pricing and foreign
currency effects
► Volumes pressured by continued softness in U.S. housing and
construction segments
► Increased revenues offset raw material cost pressures
26
27. Acetyl Intermediates
1st Qtr 2008 1st Qtr 2007
in millions
Net Sales $839
$1,096 up 31%
Operating EBITDA $174
$246 up 41%
First Quarter 2008:
► Strong global demand sustained higher pricing levels and drove
record sales for the quarter
► Incremental volumes from the Nanjing plant also contributed to
increase
► Favorable supply/demand environment and increased dividends
from Ibn Sina more than offset higher raw material and energy
costs
27
28. Reg G: Reconciliation of Adjusted EPS
Adjusted Earnings Per Share - Reconciliation of a Non-U.S. GAAP Measure
Three Months Ended
March 31,
2008 2007
(in $ millions, except per share data)
Earnings from continuing operations
171
before tax and minority interests 218
Non-GAAP Adjustments:
1
Other charges and other adjustments 18
22
(2)
Refinancing costs -
Adjusted earnings from continuing operations
187
before tax and minority interests 240
2
Income tax provision on adjusted earnings (52)
(62)
-
Minority interests -
Adjusted earnings from continuing operations 178 135
Preferred dividends (2)
(3)
Adjusted net earnings available to common shareholders 175 133
Add back: Preferred dividends 2
3
Adjusted net earnings for adjusted EPS 178 135
Diluted shares (millions)
Weighted average shares outstanding 159.3
152.0
Assumed conversion of Preferred Shares 12.0
12.0
Assumed conversion of Restricted Stock -
0.5
3.1
Assumed conversion of stock options 2.8
Total diluted shares 174.4
167.3
Adjusted EPS $ 1.06 $ 0.77
1
See Table 7 for details
2
The adjusted tax rate for the three months ended March 31, 2008 is 26% based on the forecasted adjusted tax rate for 2008.
28
29. Reg G: Other Charges and Other
Adjustments
Other Charges and Other Adjustments
Other Charges:
Three Months Ended
March 31,
(in $ millions) 2008 2007
Employee termination benefits -
7
Plant/office closures -
7
Ticona Kelsterbach plant relocation -
2
1
Other -
Total 16 1
Other Adjustments: 1
Three Months Ended Income
March 31, Statement
Classification
(in $ millions) 2008 2007
Ethylene pipeline exit costs 10 Other income/expense, net
-
Business optimization 2 SG&A
9
Ticona Kelsterbach plant relocation - Cost of Sales
(2)
Other 5 Various
(1)
6 17
Total
22 18
Total other charges and other adjustments
1
These items are included in net earnings but not included in other charges.
29
30. Reg G: Other Charges and Other
Adjustments
Other Charges and Other Adjustments
Other Charges:
Three Months Ended Twelve Months Ended
December 31, December 31,
(in $ millions) 2007 2006 2007 2006
Employee termination benefits 1 12
5 32
(1)
Plant/office closures (1) 11
7
Insurance recoveries associated with plumbing cases (2) (5)
(2) (4)
Insurance recoveries associated with Clear Lake, Texas - -
(40) (40)
Resolution of commercial disputes with a vendor - -
(31) (31)
Deferred compensation triggered by Exit Event - -
- 74
Asset impairments - -
- 9
Ticona Kelsterbach plant relocation - -
1 5
-
Other 4
- 2
Total (60) (2) 58 10
Other Adjustments: 1
Three Months Ended Twelve Months Ended
December 31, December 31,
(in $ millions) 2007 2006 2007 2006
Executive severance & other costs related
to Squeeze-Out 2 30
- -
Ethylene pipeline exit costs - -
- 10
Business optimization 8 12
8 18
Foreign exchange loss related to refinancing transaction - -
- 22
Loss on AT Plastics films sale - -
- 7
2
Discontinued methanol production 16 52
- 31
Gain on disposal of investment (Pemeas) (11) (11)
- -
Gain on Edmonton sale - -
(34) (34)
Other 2 (1)
(7) 1
(33) 17 55 82
Total
(93) 15 113 92
Total other charges and other adjustments
1
These items are included in net earnings but not included in other charges.
2
Adjusted earnings per share included earnings from its discontinued methanol production which was included in the company's 2007 guidance.
30
31. 31
Segment Data and Reconciliation of Operating Profit (Loss) to Operating EBITDA -
a Non-U.S. GAAP Measure
Three Months Ended
March 31,
(in $ millions) 2008 2007
Net Sales
294
Advanced Engineered Materials 262
282
Consumer Specialties 269
365
Industrial Specialties 346
EBITDA
1,096
Acetyl Intermediates 839
1
Other Activities - 1
(191)
Intersegment eliminations (162)
Total 1,846 1,555
Operating Profit (Loss)
30
Advanced Engineered Materials 36
50
Consumer Specialties 48
17
Industrial Specialties 12
177
Acetyl Intermediates 132
1
Other Activities (40) (22)
Total 234 206
Equity Earnings and Other Income/(Expense) 2
9
Advanced Engineered Materials 14
-
Consumer Specialties -
-
Industrial Specialties -
29
Acetyl Intermediates 5
1
Other Activities 4 4
Total 42 23
Other Charges and Other Adjustments 3
1
Advanced Engineered Materials -
1
Consumer Specialties 1
5
Industrial Specialties -
8
Acetyl Intermediates 13
1
Other Activities 7 4
Total 22 18
Depreciation and Amortization Expense
Reg G: Reconciliation of Operating
20
Advanced Engineered Materials 17
14
Consumer Specialties 11
14
Industrial Specialties 14
32
Acetyl Intermediates 24
1
Other Activities 2
3
Total 83 68
Operating EBITDA
60
Advanced Engineered Materials 67
65
Consumer Specialties 60
36
Industrial Specialties 26
246
Acetyl Intermediates 174
1
Other Activities (26) (12)
Total 381 315
1
Other Activities primarily includes corporate selling, general and administrative expenses and the results from captive insurance companies.
2
Includes equity earnings from affiliates, dividends from cost investments and other income/(expense).
3
Excludes adjustments to minority interest, net interest, taxes, depreciation, amortization and discontinued operations (See Table 7).
32. 32
Segment Data and Reconciliation of Operating Profit (Loss) to Operating EBITDA -
a Non-U.S. GAAP Measure
Three Months Ended Twelve Months Ended
December 31, December 31,
(in $ millions) 2007 2006 2007 2006
Net Sales
253 1,030
Advanced Engineered Materials 224 915
279 1,111
Consumer Specialties 224 876
EBITDA
331 1,346
Industrial Specialties 309 1,281
1,083 3,615
Acetyl Intermediates 831 3,351
1
Other Activities - 2
6 22
(186) (660)
Intersegment eliminations (164) (667)
Total 1,760 1,430 6,444 5,778
Operating Profit (Loss)
30 133
Advanced Engineered Materials 29 145
69 199
Consumer Specialties 41 165
26 28
Industrial Specialties 9 44
276 616
Acetyl Intermediates 107 456
1
Other Activities (77) (228)
(46) (190)
Total 324 140 748 620
Equity Earnings and Other Income/(Expense) 2
7 55
Advanced Engineered Materials 13 55
3 40
Consumer Specialties 2 24
- -
Industrial Specialties - (1)
27 78
Acetyl Intermediates 23 63
1
Other Activities 8 -
12 22
Total 45 50 173 163
Other Charges and Other Adjustments 3
(10) (5)
Advanced Engineered Materials (1) (5)
(27) (16)
Consumer Specialties - -
(1) 32
Industrial Specialties 2 16
(97) (38)
Acetyl Intermediates 16 52
1
Other Activities 42 140
(2) 29
Total (93) 15 113 92
Depreciation and Amortization Expense
18 69
Advanced Engineered Materials 17 65
12 51
Consumer Specialties 10 39
Reg G: Reconciliation of Operating
16 59
Industrial Specialties 14 59
25 106
Acetyl Intermediates 23 101
1
Other Activities - 5
6
2
Total 73 64 291 269
Operating EBITDA
45 252
Advanced Engineered Materials 58 260
57 274
Consumer Specialties 53 228
41 119
Industrial Specialties 25 118
231 762
Acetyl Intermediates 169 672
1
Other Activities (25) (82)
(36) (134)
Total 349 269 1,325 1,144
1
Other Activities primarily includes corporate selling, general and administrative expenses and the results from captive insurance companies.
The 2007 Operating Profit (Loss) and Other Charges and Other Adjustments amounts include deductible associated with insurance recovery.
2
Includes equity earnings from affiliates, dividends from cost investments and other income/(expense).
3
Excludes adjustments to minority interest, net interest, taxes, depreciation, amortization and discontinued operations (See Table 7).