Celanese Corporation · NYSE:CE
Celanese — Q1 2017 Earnings Presentation
9 slides from Celanese's earnings presentation, Apr 17, 2017
Slide 1: Celanese Q1 2017 Earnings
© Celanese Celanese Corporation 1 Celanese Q1 2017 Earnings Monday, April 17, 2017 Conference Call / Webcast Tuesday, April 18, 2017 10:00 a.m. Eastern Time Mark Rohr, Chairman and Chief Executive Officer Chris Jensen, EVP and Chief Financial Officer Exhibit 99.3
Slide 2: Forward-Looking Statements
© Celanese Celanese Corporation 2 Forward-Looking Statements This presentation contains "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 t
Slide 3: Recent Highlights
© Celanese Celanese Corporation 3 • Generated highest-ever organic volumes in Advanced Engineered Materials, a double-digit increase over prior year • Closed a record 513 projects in the first quarter of 2017, a 70 percent increase from the same period last year, in engineered materials (Advanced En
Slide 4: Opportunity Pipeline Examples
© Celanese Celanese Corporation 4 Opportunity Pipeline Examples Induction Cooktop Appliances Irrigation • Growing demand for induction cooktop appliances which require heat and chemical resistant materials • Base plate: UL certified Celanese polymers provide dimensional stability for a level cooking
Slide 5: Celanese Corporation Q1 2017 Highlights
© Celanese Celanese Corporation 5 Net sales (in millions) Factors Affecting Net Sales $1,500 $1,000 $500 $0 30% 20% 10% 0% Q1 2016 Q4 2016 Q1 2017 25.5% 22.0% 22.6% $1,404 $1,311 $1,471 Q1 Performance • Adjusted earnings per share of $1.81, second highest ever • Adjusted EBIT of $333 million and adj
Slide 6: Materials Solutions
© Celanese Celanese Corporation 6 Net sales (in millions) Q1 Performance Factors Affecting Net Sales $800 $600 $400 $200 $0 40% 20% 0% Q1 2016 Q4 2016 Q1 2017 38.0% 38.5% 34.5% $594 $589 $705 Total core income margin YoY Core income highlights • Record Advanced Engineered Materials' volumes driven b
Slide 7: Acetyl Chain
© Celanese Celanese Corporation 7 Q1 Performance Factors Affecting Net Sales YoY Core income highlights • Lower volume driven by overlapping contracts in first quarter of 2016 that did not repeat in 2017 and decision to sell less VAM in China due to competitive dynamics • Higher prices driven by com
Slide 8: Cash Flow
© Celanese Celanese Corporation 8 • Operating cash flow of $192 million • Free cash flow of $126 million; expected to exceed $850 million for the year • Net capital expenditures of $62 million; expect 2017 to be in the $250 million to $300 million range Free Cash Flow (in millions) Cash flow from op
Slide 9: Returning Cash to Shareholders
© Celanese Celanese Corporation 9 $3.2 billion returned to shareholders since 2007 via dividends and share repurchases Dividend Payout and Share Repurchases (in millions) Dividend Share Repurchases $800 $600 $400 $200 $0 2014 2015 2016 YTD 2017* Share Repurchases Dividend • Repurchased ~1.5 million