Emergence Investor Presentation

Investor Presentation
June 18, 2010

Disclaimer and Notice
The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These
forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made,
and are subject to significant risks and uncertainties. Actual results could differ materially based on factors including, but not
limited to, the ability to comply with the terms of our credit facilities and other financing arrangements; the costs and availability
of financing; the ability to maintain adequate liquidity; the ability to implement business strategies; availability, cost and price
volatility of raw materials and utilities; supply/demand balances; industry production capacities and operating rates;
uncertainties associated with the U.S. and worldwide economies; legal, tax and environmental proceedings; cyclical nature of the
chemical and refining industries; operating interruptions; current and potential governmental regulatory actions; terrorist acts;
international political unrest; competitive products and pricing; technological developments; risks of doing business outside of
the U.S.; access to capital markets; and other risk factors. Additional factors that could cause results to differ materially from
those described in the forward-looking statements can be found in our financial reports, which are available at
www.lyondellbasell.com on the Investor Relations page.

This presentation makes reference to certain non-GAAP financial measures, including EBITDAR. A “non-GAAP financial
measure” is a financial measure that is derived on the basis of methodologies other than in accordance with U.S. GAAP.
Management believes these non-GAAP financial measures provide useful supplemental information to investors regarding the
underlying business trends and performance of the company's ongoing operations and are useful for period-over-period
comparisons of such operations. These non-GAAP financial measures should be considered as a supplement to, and not as a
substitute for, or superior to, the financial measures prepared in accordance with GAAP.

EBITDAR should not be considered as an alternative to profit or operating profit for any period as an indicator of our
performance, or as an alternative to operating cash flows as a measure of our liquidity. While we believe that EBITDAR is a
measure commonly used by investors, EBITDAR, as presented herein, may not be comparable to a similarly titled measure
reported by other companies due to differences in the way the measure is calculated. For purposes of this presentation,
EBITDAR means earnings before interest, taxes, depreciation, amortization and restructuring costs. Our financial statements
utilize a combination of First-In, First-Out and Last-In, First-Out inventory methods. As supplemental segment information,
EBITDAR figures are prepared on a current cost basis unless otherwise stated.

This presentation contains time sensitive information that is accurate only as of the time hereof. We undertake no obligation to
update the information presented herein except to the extent required by law.

| www.lyondellbasell.com |

Agenda
I Company Overview

II Financials

III Business Segment Overview
- Refining & Oxyfuels
- Olefins & Polyolefins - Americas
- Olefins & Polyolefins - Europe, Asia and International
- Intermediates & Derivatives
- Technology
IV Product Position and Capacity

| www.lyondellbasell.com | 3

Key Investment Highlights
Global Scale & Diversity as World’s 3rd Largest
Independent Chemical Company

• $31B of revenues
• 59 Plants in 18 Countries
• Differentiated portfolio provides steady earnings base
• Significant cyclical upside
• Participation in high growth, low cost markets through
JV relationships
Market Leadership and Strong Asset
Emergence as a Public Company Base with Cyclical Upside Potential

• Goal to be NYSE listed public company • #1 in Polypropylene, Oxyfuels and
by third quarter if not sooner Polyolefin Licensing
• $15.2B enterprise value per midpoint of • #2 in Propylene Oxide, #3 in
Plan of Reorganization valuation1 Polyethylene and #4 in Ethylene and
Propylene
• Potential equity holders: ~375 pre-
petition first lien debt holders

New Management Team & Strategy New Balanced Capital Structure

• Proven management team with past • $4.4B net debt 2
merger integration experience • 29% Net Debt, 71% Equity2
• Detailed management plans for • Approximately $3.6B of liquidity2
improvement
• Improved Balance Sheet

Significantly Expanded Cost Savings
Reduced Legacy Liabilities
Program
1. Based on data from the Disclosure • Approximately $1B in fixed cost • Legal and environmental liabilities
Statement dated March 2010
2. As of emergence on April 30, 2010 reductions since 2008 largely expunged during Chapter 11


Our Broad Product Lines And The End Markets We
Serve, Combined With Our Size…
Refining & Oxyfuels Olefins & Intermediates & Technology 2009 Sales
Polyolefins Derivatives
Technology
- Americas I&D
- Europe, Asia, Int’l Refining &
Oxyfuels

O&P
EAI

Gasoline Ethylene Propylene Oxide Process Licensing
Diesel Propylene Styrene Monomer Catalyst Sales O&P
Olefins Feed Polyethylene PG and PGE Technology Americas

Oxyfuels Polypropylene Acetyls Services $ 30,828 MM
Catalloy C4 chemicals New Ventures
1 2009 EBITDAR
PP Compounds
1
Polybutene-1 Other Refining &
Technology Oxyfuels
End Uses End Uses End Uses End Uses
Automotive Fuels Food Packaging Insulation Polyethylene and
Aviation Fuels Textiles Home Furnishings polypropylene
Heating Oil Automotive Adhesives manufacturers
O&P
Industrial Engine Appliances Consumer I&D Americas
Lube Oils Films Products
Flexible piping Coatings
Aircraft Deicers
O&P
EAI
1 Only in Europe, Asia and International
2 Includes JV dividends and insurance proceeds LIFO / FIFO: $ 2,266 MM 2
3 Consolidated operating results are determined using the FIFO method of accounting to determine inventory cost except for certain US inventories
which are determined on the LIFO method. For purposes of evaluating segment results, management review operating results determined using Supplemental Current Cost: $ 2,236 MM 2, 3
current cost.


…Lead To Sales Into Diverse End Markets With
Significant Sales Into Consumables
Textiles / Other
Furnishings

Coatings

Transportation
Refining /
Fuels

Building &
Construction

Consumer
Packaging

Note: Company estimates based on 2008 LyondellBasell Sales using industry market splits derived from consultant data and internal estimates


Diversified & Vertically Integrated Portfolio…
Wellhead
Crude NGLs

Capturing value along the chain
Refining Refining

Fuels
Olefins Olefins Crackers Olefins
Aromatics

Technology
Olefin Oxy Propylene Ethylene
Polyethylene Polypropylene Polybutene Acetyls Styrene
Derivatives Fuels Oxide Oxide

Second Glycols
PP Glycols
Level Catalloy Glycol Ethers
Compounding Glycol Ethers
Derivatives Butanediol

Refining & Olefins & Polyolefins Olefins & Polyolefins Intermediates Technology
OxyFuels Americas Europe Asia & International & Derivatives


…With Globally Integrated Leading Product Positions
Products Global Position 4
Refining & Oxyfuels
Oxyfuels #1

Chemical Products
Propylene Oxide #2
Ethylene #4
Propylene #4

Polymer Products
Polyolefins #2
Polypropylene #1
Polyethylene #3
Polypropylene Compounds #1

Technology and R&D
NA Europe Rest of World Total Polyolefin Licensing #1
Sites 1
23 19 17 59 Polypropylene Catalysts #1
Employees 2 6,120 7,750 990 14,860
Revenues (%) 3 54% 35% 11% 100%

1 As of December 31, 2009. Includes joint ventures and wholly-owned subsidiaries
2 As of December 31, 2009
3 Revenues for the year ended December 31, 2009 based on delivery location
4 Positions based on LyondellBasell wholly owned capacity and pro rata share of JV capacities as of December 31, 2009, except for Technology
Bayport, TX, USA
positions which are as of December 31, 2008


North American Footprint

Michigan
• Lansing

Ohio
• Fairport Harbor
• Cincinnati Pennsylvania
• Newtown Square
Illinois
• Morris New Jersey
• Tuscola • Newark
• Edison
Iowa - USA
• Clinton Delaware
• Wilmington
Texas
• Carrollton Tennessee
• Chocolate Bayou • Jackson
• Mansfield
• Houston
• Mont Belvieu Georgia
• Channelview • Brunswick
• LaPorte
• Bayport Florida
• Markham • Jacksonville
• Victoria
• Matagorda Louisiana
• Corpus Christi • Lake Charles

Mexico
• Altamira
• Tampico (JV)

POLYMERS CHEMICALS POLYMERS and CHEMICALS REFINING TECHNOLOGY


European Footprint
Polymers
Chemical Monomers
Netherlands (3 sites)
• Botlek Chemical Intermediate
• Maasvlakte Fuels
• Moerdijk Technology

UK (2 sites)
• Carrington
Germany (5 sites)
• Milton Keynes
• Wesseling / Knapsack
• Frankfurt
• Muenchmuenster
• Bayreuth
• Ludwigshafen

France (2 sites)
Poland (1 site)
• Berre / Aubette
• Basell Orlen JV
• Fos-sur-Mer

Spain (1 site)
• Tarragona
Italy (3 sites)
• Ferrara
• Brindisi
• Terni

Note: Each circle represents the presence of a Business at a site, irrespective of the number of plants/lines the business has at that site


Owned Assets and JVs
(Outside United States And Western Europe)
100% Ownership, Unless Otherwise Stated
Chemical Monomers
Polymers
Chemical Intermediate

Japan
SunAllomer JV 50%
Poland Nihon, Oxirane JV 40%
Basell Orlen JV 50% South Korea
(2)
Polymirae JV 43%

Tampico, Mexico China
Indelpro JV 49% Guangzhou/Nansha
Suzhou
Saudi Arabia Ningbo PO JV 27%
SPC JV 25%
SEPC JV 25% Thailand
Malaysia
Al Waha JV 21%
(1)
HMC 29%
PolyPacific JV 50%
Pindamonhangaba, Brazil

Australia
Ensenada, Argentina Geelong
Clyde
PolyPacific JV 50%
Note: Each circle represents the presence of a Business at a site, irrespective of the number of plants/lines the business has at that site
1. Reflects our current ownership percentage. As the joint venture pays dividends over time, we anticipate our ownership will increase to a maximum of 25%.
2. Reflects our direct (35%) and indirect ownership through SunAllomer.


Leadership Team

Jim Gallogly
Chief Executive Officer

Kent Potter Craig Glidden
Executive Vice Executive Vice
President and Chief President and Chief
Financial Officer Legal Officer

Massimo Covezzi Anton de Vries
Kevin Brown Senior Vice President, Just Jansz
Senior Vice President,
Senior Vice President, Olefins & Polyolefins - Senior Vice President,
Research and
Refining Europe, Asia & Technology
Development
International

Bob Patel Pat Quarles Par Singh Karen Swindler
Senior Vice President, Senior Vice President, Senior Vice President, Senior Vice President,
Olefins & Polyolefins - Intermediates and Manufacturing - Europe, Manufacturing -
Americas Derivatives Asia & International Americas

Paul Davies Sam Smolik
Vice President, Vice President,
Human Resources Health, Safety and
Environment


A Back To Basics Strategy

• Operational excellence
• Cost reduction/revenue enhancement
• Capital discipline
• Portfolio management
• Performance culture
• Technology-driven growth


Agenda
I Company Overview

II Financial Overview

- Technology


We Have A Conservative Corporate Financial Policy
• Balance sheet capitalized to deal with near-term volatility and industry downturn.
Pre-funded to:
– Manage crude price and working capital volatility
– Cover potential operating losses
– Provide a cushion against uncertainty

• Strict and conservative policy with regard to cash utilization and investment policy
– Free cash flow focused on internal improvements and deleveraging
– Maintenance and necessary capital expenditures

• Growth and M&A policy
– Earn opportunity for future growth
– Consider sale of non-core assets when markets improve


We Emerge As A Broadly Traded Public Entity
EQUITY
• Public Company – New TopCo based in The Netherlands
• Goal to be NYSE listed
• $2.8 billion equity rights offering
• Potential equity holders
– Approximately 375 Pre-petition First Lien Debt Holders
DEBT
• Long-term debt
– First Lien debt of $3.26 billion consisting of term loans and notes, 6-yr and 7.5-yr
maturities, respectively
– $3.25 billion DIP Roll-up replacement instrument
• ABL/Securitization
– $1.750 billion asset based revolving credit facility with a $700 million letter of credit
sub-limit
– €450 million European Securitization
• Legacy debt
– $375 million (primarily consisting of $300 million 8.1% Notes due 2027)


Simplified Legal And Debt Organizational Structure
LyondellBasell Industries N.V.

Dutch (new)

LyondellBasell Finance
LyondellBasell Subholdings B.V.
Company
US Dutch (new)
Pledge of 65% of stock to
support 1st Lien Debt
New 1st Lien Term Loans
Lyondell Chemical Company LyondellBasell Industries Holdings
New 1st Lien Notes
(Issuer) BV
3rd Lien Roll-Up Notes Dutch
Dutch
US

Basell Sales
Lyondell- Equistar
French and and Marketing Basell Other non-
Basell Chemicals Basell
Houston LyondellBasell Asian Company B.V. / Germany US Holding
Flavors and LP (owns Finance
Refining LP Acetyls, LLC Propylene Lyondell Holdings & Operating
Fragrances, Basell USA Company
Oxide Assets Chemie GmbH Companies
LLC assets)
Nederland B.V.
US (new) US US US (new) Dutch Dutch German

US ABL Facility $300 million 2027 Notes Euro Securitization Other
German,
Legend Spanish,
French
Guarantor or Borrower under New 1st Lien Notes
companies
and New 1st Lien Term Loans

Borrower Stock Pledge

• Organizational structure simplified to remove 90 North American entities, a 57% reduction
• Initially, all of the Parent’s domestic and international subsidiaries will be restricted subsidiaries


Solid Balance Sheet With Improving Credit Metrics
Pro Forma Capitalization as of April 30, 2010
Pro Forma
(4/30/2010)
ABL $0
Euro Securitization 315
First Lien TL 500
First Lien Notes 2,756
Other 24
Total First Lien Debt $3,595

Third Lien Notes 3,245
Total Senior Secured Debt $6,840

Other Debt 351
Total Debt $7,191

Less: Cash (2,052)
Net Debt $5,139

Liquidity as of April 30, 2010

ABL Capacity $1,750
L/C's Outstanding (300)
Minimum Reserve (300)
Cash On Hand 2,052
Total Liquidity $3,202

Note 1: Dollars in millions;
Note 2: Cash & LC Balances assume BASF related litigation is resolved before emergence


Rating Agency Review
• Moody’s
– B1 Corporate Family Rating (CFR), issued on March 15, 2010
• Ba3 on ~$3.25 billion first lien term loan and notes
• B3 on $3.25 billion third lien eight year roll-up notes
• Standard & Poor’s
– B+ Corporate Rating, issued on May 3, 2010
• BB on the ~$3.25 billion first lien term loan and notes
• B on the $3.25 billion third lien eight year roll-up notes


LyondellBasell Is Well Positioned For The Future
Net Debt / Enterprise Value 1
Bayer

Celanese Corp

Dow Chemical Co.

2
LyondellBasell

Valero Energy Corp

Tesoro Corp

Huntsman Corp

Braskem SA

0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0

Sources: Bloomberg, April 2010; LyondellBasell Ratio of Net Debt / EV
1. Enterprise Value = Historical Market Cap + Preferred Equity + Minority Interest + Total Debt (ST & LT Debt) – Cash and Equivalents
2. LyondellBasell Enterprise Value as detailed in the March 2010 Disclosure Statement


Term Debt Summary

Issue/Facility: Term Loan B Senior Secured Notes Roll-Up Notes

Borrower: LyondellBasell Industries Escrow LyondellBasell Industries Escrow LyondellBasell Industries Escrow
Corporation, to be merged with and into Corporation, to be merged with and into Corporation, to be merged with and
Lyondell Chemical Company Lyondell Chemical Company into Lyondell Chemical Company
Amount: $500 MM ~$2,750 MM ~$3,250 MM
(USD $2,250 MM notes;
EUR €375 MM notes)

Pricing: LIBOR + 400bps 8.000% 11.000%
(1.50% LIBOR floor, 99 OID)
Tenor: 6 years 7.5 years 8 years

Optional Anytime at Par Non-call 3 years Non-call 3 years
Redemption: Yr 4: par + 75% of coupon Par thereafter
Yr 5: par + 50% of coupon
Yr 6: par + 25% of coupon
Yr 7: Par
Amortization: 1% per annum None None

Security: First priority lien on PP&E, 65% of stock of all direct non-U.S. Third priority lien
subsidiaries of LyondellBasell Industries NV and 100% of all direct U.S.
subsidiaries of LyondellBasell Industries NV; Second Lien on ABL Collateral

Covenants: No Financial Covenants Standard Incurrence-based HY Standard Incurrence-based HY
Covenants Covenants


Liquidity Facilities Summary

Issue/Facility: ABL Facility EURO Securitization

Borrower: Lyondell Chemical Company Sellers
Houston Refining LP 1) Basell Sales and Marketing Company B.V. (“BSM”); and
Equistar Chemicals, LP 2) Lyondell Chemie Nederland B.V. (“LCN”)
Basell USA, Inc

Amount: $1,750 MM €450 million

Pricing: LIBOR + 375bps Subject to grid based upon the Company’s ratings profile
(1.50% LIBOR floor)

Tenor: 4 years 3-years, inclusive of the 364-day Committed Term and the 2-
year Term Out Feature

Security: First priority lien on domestic A/R and Inventory; Second Secured by all assets of the Master Purchaser (Basell
lien on PP&E Polyolefins Collections Ltd.)

Covenants: Minimum Fixed Charge Coverage Ratio shall apply if Triggers on company and on the
liquidity falls below set levels portfolio of receivables

Borrowing Base 85% of Eligible Receivables plus lower of Total eligible receivables less reserves
Definition: a) 75% of cost or b) 85% of NOLV of Eligible Inventory
less Availability Reserves


Historical Financial Overview
($ in millions)
Year Ended December 31,

2008 2009
Sales
Refining and Oxyfuels $18,362 $11,439
O&P - Americas 16,412 10,530
O&P - EAI 13,489 7,437
I&D 6,218 3,778
Technology 583 523
Other, including intersegment eliminations (4,358) (2,879)
Total Sales $50,706 $30,828
% Growth 13.3% (39.2%)

EBITDAR
Total LIFO / FIFO EBITDAR $1,445 $2,266
(1) (1,950) 30
Current cost adjustment to inventory
Supplemental Total Current Cost EBITDAR $3,395 $2,236
Refining and Oxyfuels 1,175 255
O&P - Americas 502 743
O&P - EAI 803 341
I&D 571 535
Technology 291 309
Other including eliminations and unallocated 53 53
Supplemental Total Current Cost EBITDAR $3,395 $2,236
% of Sales 6.7% 7.3%
1 Consolidated operating results are determined using the FIFO method of accounting to determine inventory cost except for certain U.S. inventories for which the LIFO method of accounting. For purposes of evaluating
segment results, management reviews operating results determined using current cost, which approximates results using the LIFO method. LyondellBasell intends to adopt the LIFO method of accounting on a
companywide basis upon emergence from bankruptcy and adoption of fresh start accounting


Improved Balance Sheet And Liquidity Profile
Debt Liquidity1

• Significantly de-levered balance sheet • Approximately $3.6 billion of opening liquidity
• Approximately $18 billion reduction in debt – ~$2.8 billion of post-emergence cash
– $4.4 billion of net debt as of April 30, – $1.75 billion ABL Revolver
2010 vs. approximately $25.4 billion of – €450 million securitization
estimated debt absent effectiveness of
Plan of Reorganization
• First-lien leverage of 1.6x, 0.7x on a net basis
as of April 30, 2010

Assets Equity

• Since 2007, underperforming assets have • Goal to be a NYSE listed public company
been rationalized • $2.8 billion rights offering secured by ~375
– 4 billion pounds of annual polymer and first-lien debt holders
chemical capacity has been shut down • $15.2 billion enterprise value per midpoint of
• $21.4 billion of total asset value after giving Plan of Reorganization valuation2
effect to Plan of Reorganization and
application of fresh start accounting
– Relative to $3.6 billion of first-lien debt
1. As of emergence on April 30, 2010
2. Based on data from the Disclosure Statement dated March 2010


The New LyondellBasell –
Stronger And Better Positioned
2007 / 2008 2010
• Combined, not merged • New Senior Management
Management & • Multiple strategies • Focused, proven strategy
Strategy • Growth through acquisition • Operational Excellence / Cost
Reduction / Accountability

• Economic Peak • Trough, heading towards recovery
Economic • Chemical Cycle Peak
Environment
• Rationalization required • Rationalized >4 B lbs., ~1 B lbs in process
• Building Middle East position • Middle East JVs now operating
• Combined, not merged • ~$1B reduction in fixed costs
Assets & • Legacy legal and environmental • Legal and environmental liabilities largely
Cost Structure liabilities expunged in Chapter 11
• Workforce reduction of ~3,000 employees,
~1,700 contractors

• Private ownership • Public
• Debt burden $20+ B • $7.2B Gross Debt, ~$4.4B Net Debt1
Corporate Structure & • $2 B Liquidity, but with pending • ~$3.6B Liquidity1
acquisitions of ~$1 B • Simplified, Tax optimized
New Balance Sheet
• Combined / Moderate tax • New, significantly de-levered balance sheet
optimization
1. As of emergence on April 30, 2010


Agenda
I Company Overview

II Financials

- Technology


Overview Of Refining & Oxyfuels
Product Position and Footprint Financial Snapshot

Product Facilities Capacity 1 Global Ranking End Markets ($ millions) 2008 2009

Revenue $18,362 $11,439
Refineries USGC, France 373 MBPD -- Fuels, Heating Oil
Supplemental EBITDAR – Current Cost 1,175 255
Oxyfuels Channelview, 75 MBPD #1 (MTBE / ETBE) Fuels % Margin 6.4% 2.2%
Botlek and FOS

Historical Maya 2-1-1 Spreads Historical Oxyfuels Margins

Maya 2-1-1 Spread NWE Ether Raw Material Margin
$/bbl ¢/gal ETBE equivalent
$30 120

$25 100

$20 80

$15 60

$10 40

$5 20

$0 0
2000 2002 2004 2006 2008 Jan '10
2010 2003 2004 2005 2006 2007 2008 2009

Source: Platts, LyondellBasell BioFuel Premium Blending Value
1 Includes LyondellBasell wholly owned capacity as of December 31, 2009


Overview Of Olefins & Polyolefins - Americas

Product Facilities Capacity 1 Global Ranking 2 End Markets ($ millions) 2008 2009
Ethylene 6 Crackers 9.6 B lbs #4 Chemical
Revenue $16,412 $10,530
Polypropylene 4 sites (1 JV) 4.4 B lbs #1 Transportation, 502 743
Supplemental EBITDAR – Current Cost
Packaging
% Margin 3.1% 7.1%
Polyethylene 6 sites 5.8 B lbs #3 Plastics, Consumer

North American Olefins Operating Rate Historical Olefins Cash Margins
Operating Rate, % 3 Margin, ¢ per lb
100% 16

12
90%

8

80%
4

70% 0
2000 2002 2004 2006 2008 2010 2012 2014 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Source: LyondellBasell
LyondellBasell Actuals LyondellBasell Industry View
2 Includes Olefins and Polymers – EAI segment
3 Operating rate on a nameplate basis


Overview Of Olefins & Polyolefins - EAI

Product Facilities Capacity 1 Global Ranking 2 End Markets
Ethylene 5 Crackers 6.4 B lbs #4 Chemical ($ millions) 2008 2009
(1 JV)
Polypropylene 17 sites (7 JVs) 12.8 B lbs #1 Transportation, Revenue $13,489 $7,437
Packaging
Supplemental EBITDAR – Current Cost 803 341
Polyethylene 5 sites (2 JVs) 6.8 B lbs #3 Plastics,
% Margin 6.0% 4.6%
Consumer
PP 15 sites (3 JVs) 2.4 B lbs #1 Automotive
Compounding PCMA

EU Olefins Operating Rate Historical PE Chain Margin and PP Spread
PE Chain PP Spread,
Operating Rate, % 3
Margin, € per ton (4) € per ton
100%
LyondellBasell Actuals PE Chain Margin
400 400
LyondellBasell Industry View PP Spread

300 300
90%

200 200

80%
100 100

70% 0 0
2000 2002 2004 2006 2008 2010 2012 2014 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Source: LyondellBasell
2 Includes Olefins and Polymers – Americas segment
3 Operating rate on a nameplate basis
4 PE chain margin does not include BD business. 2001-2007 margins based on FIFO inventory accounting basis; 2008-2009 margins based on current cost inventory accounting


Joint Ventures Represent Significant Value
Joint Percent Recent
Venture Country Ownership Activity
SEPC Saudi Arabia 25% Start-up in 2008/2009
Al-Waha Saudi Arabia 21% Start-up in 2009
Expanded PP production in
SPC Saudi Arabia 25%
2009
Expanded Propylene and PP
HMC Thailand 29%
in 2010
Basell Orlen Polyolefins Poland 50% -
Indelpro Mexico 49% Expanded in 2008
SunAllomer Japan 50% -
Polymirae South Korea 43% -
Australia/
Polypacific 50% -
Malaysia

• Joint ventures allow the Company to participate in higher growth regions of the world without
the significant capital expense of constructing wholly owned facilities
• 16 significant manufacturing joint ventures in 11 countries
– Most ventures are in key geographic locations that have cost advantaged feedstock or
higher growth rates, including Asia, the Middle East, and Eastern Europe
• The Company received $272 million of cash dividends from joint ventures during 2007-2009


Overview Of Intermediates & Derivatives

Product Facilities Capacity 1 Global Ranking End Markets ($ millions) 2008 2009
Propylene 9 PO Units 4.6 B lbs PO #2 Chemical,
Oxide Plastics Revenue $6,218 $3,778

Supplemental EBITDAR – Current Cost 571 535
Acetyls 1 Acetic Acid 1.2 B lbs AA, #2 (U.S.) Paints,
Unit Adhesives, % Margin 9.2% 14.2%
1 VAM Unit 0.7 B lbs VAM #4 Textiles

PO Operating Rates Resilient PO Operating Margins
Variable Margin
100%
150%

PO Chain Variable Margin
90%
2
Operating Rate, %

(2008 = 100%)
100%
80%

50%
70%

60% 0%
2002 2004 2006 2008 2010 2012 2014 2002 2004 2006 2007 2009

Source: LyondellBasell internal data
LyondellBasell Actuals LyondellBasell Industry View
2 Operating rate on an effective basis


Overview Of Technology

Product Share of global licensed capacity since 2003 ($ millions) 2008 2009

PP 43% Revenue $583 $523

PE 35% Supplemental EBITDAR – Current Cost 291 309

% Margin 49.9% 59.1%

Polymer Production Will Drive Catalyst Sales Construction Drives Licensing

Industry Capacity Additions
(mm lbs) PE Production
225,000 PP PE
PP Production 40,000
200,000
175,000
30,000

Million Pounds
150,000
125,000
100,000 20,000
75,000
50,000 10,000
25,000
0
0
2001 2003 2005 2007 2009 2011 2013
2001 2003 2005 2007 2009 2011 2013
Source: LyondellBasell internal data, CMAI


Our Size Provides Considerable Leverage To Recovery
Pre-Tax Impact on EBITDA, $ millions/yr

Chemicals Impact of 1¢/lb Change Polymers Impact of 1¢/lb Change
$120 $140

$100 $120

$100
$80
$80 ROW
$60
ROW
$60
$40
$40
U.S.
$20
$20 U.S.

$0 $0
U.S. Olefins EU Olefins Propylene Oxide Polypropylene Polyethylene PP Compounding

Refining Impact of $1/bbl Change and Oxyfuels Impact of 10¢/gal
$160

$140

$120 ROW

$100

$80

$60 U.S. Wholly Owned Contribution
$40
Proportional JV Contribution
$20

$0
Refining Oxyfuels
Note: Based on capacities as of December 31, 2009


Realization of Significant Cost Savings

2009 Cash Fixed Cost: $1 B Savings versus 2008 Sources of Savings
$5,000

Headcount
Target Realized To-
Reduction 1 Date 2
$4,500 Employees 3,015 2,369
Contractors 1,782 1,650

Compensation
2009 Plan $2,312 MM
2009 Act. $1,906 MM
$4,000

Travel
2009 Plan $98 MM
2009 Act. $30 MM

$3,500
Professional Services
2009 Plan $521 MM
2009 Act. $447 MM

$3,000
2008 2009 Compen- Travel Maint/ Profes- Facilities Taxes & Sales/ Charge- 2009
Act. Plan sation EHS sional & Insurance Tolling/ outs Act.
Services Equip- Other
1 2010 Target ment
2 As of December 31, 2009


Agenda
I Company Overview

II Financials

- Technology


Global Position By Product
Position in Key Refining & Oxyfuels Products 1

4 4
US Refining MTBE ETBE
Total Crude Distillation Unit World capacity: World capacity:
2
Capacity: 17,800 MBPD 399 MBPD 90 MBPD

Other Valero SABIC
Other

ConocoPhillips LyondellBasell
LyondellBasell

Sinopec Neste Oil
ExxonMobil Other
Petrochina CEPSA
Repsol
Shell
BP Braskem
Huntsman PCK Schw edt
LyondellBasell Marathon
Total

• Lyondell capacity: • Tightly integrated with chemicals operations
– 268,000 barrels/day 3 • Significant scale advantages
• Deep conversion refinery asset • Biofuels premium for ETBE
• Heavy crude discounts • MTBE/ETBE capacity: 74,700 barrels/day 3

Source: EIA; Dewitt; CMAI; LyondellBasell internal data
Note: Capacities as of December 31, 2009
1. Positions based on LyondellBasell wholly owned capacity and pro rata share of JV capacities
2. Thousands of barrels per day
3. LyondellBasell wholly owned capacity
4. MTBE / ETBE split based on actual production at plants where there is swing capacity between the two fuels


1
Position in Key Chemical Products

Ethylene Propylene
Propylene Propylene Oxide
World capacity: World capacity:
World capacity: World capacity:
293 billion pounds 192 billion pounds
192 billion pounds 18.7 billion pounds

Dow
SABIC SINOPEC Dow

ExxonMobil ExxonMobil

Shell
LyondellBasell
Other
Other LyondellBasell
Shell
Total
Other SINOPEC LyondellBasell
CNPC
Ineos
Formosa
Shell
BASF

• LyondellBasell capacity: 2 • LyondellBasell capacity: 2 • LyondellBasell capacity: 2
– 14.4 billion lbs pro rata – 8.9 billion lbs pro rata – 2.5 billion lbs pro rata
– 16.0 billion lbs including 100% JV – 10.9 billion lbs including 100% JV – 4.6 billion lbs including 100% JV
• North America flexibility • Economic flexibility through 5 • Leading technology
• Saudi JV production processes
Source: CMAI; LyondellBasell internal data
Note: Capacities are as of December 31, 2009.
1 Positions based on LyondellBasell wholly owned capacity and pro rata share of JV capacities
2 Pro rata capacity includes LyondellBasell wholly owned capacity and pro rata share of JV capacities. 100% basis includes LyondellBasell wholly owned capacity and 100% of JV capacities


1
Position in Key Polymer Products

Polypropylene Polyethylene PP Compounding
World capacity: World capacity: World capacity:
121 billion pounds 184 billion pounds 12 billion pounds

LyondellBasell
LyondellBasell
SINOPEC Dow

Total
Other ExxonMobil Other
Other SABIC
Mitsui
LyondellBasell
Reliance
SABIC
Exxon Mitsubishi
Sinopec
Formosa Chevron HEP Borealis
CNPC Ineos Phillips
Ineos Borealis Sumitomo
NPC Kingfa Wash.
Penn

• LyondellBasell capacity: 2 • LyondellBasell capacity: 2 • LyondellBasell capacity: 2
– 12.1 billion lbs pro rata – 10.9 billion lbs pro rata – 2.3 billion lbs pro rata
– 17.2 billion lbs incl 100% JV – 12.7 billion lbs incl 100% JV – 2.4 billion lbs incl 100% JV
• Leading technology • Technology strength • Specification products/ proprietary
• Saudi JVs • Saudi JVs technology
Source: CMAI, LyondellBasell internal data
Note: Competitor capacities as of December 31, 2009
1 Positions based on LyondellBasell wholly owned capacity and pro rata share of JV capacities
2 Pro rata capacity includes LyondellBasell wholly owned capacity and pro rata share of JV capacities. 100% basis includes LyondellBasell wholly owned capacity and 100% of JV capacities


Position in Polyolefins Technology & Catalyst

PP Licensing PE Licensing PP Catalyst
World Capacity World Capacity World Capacity
121 billion pounds 184 billion pounds 3.3 million pounds

LyondellBasell Univation (4)
Others**
Mitsui

LyondellBasell LyondellBasell
LBI
Sinopec

Other

Other Toho
CP Chem

JPP Dow

Mitsui Ineos Dow (3)
Mitsui Dow BASF*
NTH Ineos

• Number 1 licensor since 2003 with more than 20 million tons of PE & PP capacity licensed globally
• 43% of PP and 35% of PE global licensed capacity since 2003 uses LyondellBasell technologies
• Proven processes with competitive capital and operating costs
Source: LyondellBasell internal data as of 2008; CMAI; Chemical Market Resources, Inc., 2008
1 Installed capacity share
2 Based on market share for Ziegler-Natta PP Catalyst
3 Includes Lynx and PTK
4 Includes Sud-Chemie, Grace, XY Chemicals, and others


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