Lyondellbasell Industries Nv · NYSE:LYB
Lyondellbasell Industries Nv — Q3 2026 Earnings Presentation
21 slides from Lyondellbasell Industries Nv's earnings presentation, Oct 30, 2026
Slide 1: Third Quarter 2026 Earnings
Third Quarter 2026 Earnings October 30, 2026
Slide 2: Cautionary statement
Cautionary statement 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 of LyondellBasell which are believed to be reasonable at the time made and are subject
Slide 3: Safety performance
Safety performance Outstanding 2026 year-to-date results reflect commitment to safe operations Injuries per 200,000 hours worked Sources: American Chemistry Council (ACC) and LyondellBasell. Notes: Medium and large companies only. Includes employees and contractors. 3
Slide 4: Third quarter 2026 highlights
Third quarter 2026 highlights Strong results as I&D growth partially offsets softer integrated polyethylene margins $0.8 B $2.32 $1.4 B $3.2 B Net income Diluted earnings per share EBITDA Cash and cash equivalents As of September 30, 2026 $0.8 B $2.54 $1.5 B $7.7 B Net income Diluted earnings per sh
Slide 5: Former Houston refinery sale reinforces strategic focus
Former Houston refinery sale reinforces strategic focus Transaction concentrates efforts by divesting non-core site Transaction overview Our Actions • Agreement to sell former Houston Refinery site to Valero • Transaction value: $320.5 million all-cash, payable at closing March Hosted Capital Market
Slide 6: Diversified end-market mix
Diversified end-market mix A balanced mix of consumable and durable applications reduces reliance on any single market LYB 2025 estimated end-market exposure1 OPAM OPEAI I&D APS 100% • LYB portfolio balanced between durable (~50%) and consumable applications (~50%) Pack. & other cons. 80% Packaging
Slide 7: Earnings resilience from broad market exposure
Earnings resilience from broad market exposure Varied growth across markets helps balance changing economic and industry conditions Global end-market demand | YoY % change1 20% Consumables provide steady growth market Market Volatility Consumables • GDP+ growth driven by packaging demand Durables •
Slide 8: Continued robust cash conversion
Continued robust cash conversion Performance exceeds through cycle target Cash conversion $3.7 B Cash from operating activities 3Q26 last 12 months 84% Cash conversion 3Q26 last 12 months 1.9x Net debt to EBITDA ex. identified items September 30, 2026 $3.2 B Cash and cash equivalents September 30, 2
Slide 9: Balanced and disciplined capital allocation
Balanced and disciplined capital allocation Strong cash flow fully funded investments and dividends and enabled deleveraging Cash and cash equivalents Maintaining financial discipline USD, billions • Investing in safe and reliable operations • Prioritizing investment-grade balance sheet, repaid €500
Slide 10: 3Q26 segment highlights
3Q26 segment highlights Softer O&P segments partially offset by stronger oxyfuel volumes and margins in I&D EBITDA variance by segment ex. identified items USD, millions 10
Slide 11: Olefins & Polyolefins – Americas
Olefins & Polyolefins – Americas Lower prices compressed margins though EBITDA still ~50% improved compared to 3Q25 EBITDA ex. identified items 3Q26 market dynamics USD, millions • Customer destocking in summer, supply concerns reemerged in August • Dynamic domestic polyethylene prices: $0.10/lb dec
Slide 12: Olefins & Polyolefins – Europe, Asia & International
Olefins & Polyolefins – Europe, Asia & International Lower polymer prices pressure margins, lower volumes from sale of certain European assets EBITDA ex. identified items 3Q26 market dynamics USD, millions • Cautious summer purchasing pressured polymer prices • Rhine logistics constraints impacted c
Slide 13: Intermediates & Derivatives
Intermediates & Derivatives Bayport restart and higher oxyfuel margins drive record segment EBITDA ex. identified items EBITDA ex. identified items 3Q26 market dynamics USD, millions • Geopolitical uncertainty led to higher-than-expected crude prices • Tighter gasoline markets led to higher crack sp
Slide 14: Advanced Polymer Solutions
Advanced Polymer Solutions Lower seasonal demand and margin normalization, self-help strategy intact EBITDA ex. identified items 3Q26 market dynamics USD, millions • Seasonally weaker volumes in automotive, especially in Europe, due to typical OEM downtime • Favorable product mix supported margins d
Slide 15: Technology
Technology Lower catalyst sales and licensing revenue in 3Q EBITDA ex. identified items 3Q26 market dynamics USD, millions • Weaker catalyst demand, lower catalyst margins on less favorable mix • Lower revenue for previously-sold licenses Near-term outlook • Higher revenue recognition for previously
Slide 16: Near-term market outlook (4Q vs. 3Q)
Near-term market outlook (4Q vs. 3Q) Seasonal moderation in some markets, geopolitical uncertainty could dominate some chains • Demand remains resilient across food, healthcare and consumer applications North • Resilient overall demand Packaging • Stable underlying consumption supports • Strong star
Slide 17: Appendix
Appendix
Slide 18: LyondellBasell 2026 modeling information update
LyondellBasell 2026 modeling information update (USD, millions) 1Q 2Q 3Q 4Q 2026 Capital Expenditures Total CAPEX ~$1.2 B1 Planned O&P Americas ~$10 -- ~$125 ~$20 ~$155 Sustaining | Profit Generating CAPEX Maintenance ~$0.8 B | ~$0.4 B Estimated EBITDA O&P EAI -- -- -- -- -- Financial Metrics Impact
Slide 19: LYB financial sensitivities
LYB financial sensitivities Theoretical Impact on Earnings1 Operating Rates2 Nameplate capacity2 (MMton/yr) U.S. $100/ton (4.5 cpp) integrated PE margin = ~$330 MM ~80% ~4.13 PE Europe $100/ton integrated PE margin = ~$100 MM ~75% ~1.3 Oxyfuels $1/bbl crude oil = ~$20 MM globally ~80% ~5.2 U.S. $100
Slide 20: Information related to financial measures
Information related to financial measures This presentation makes reference to certain “non-GAAP” financial measures as defined in Regulation G of the U.S. Securities Exchange Act of 1934, as amended. We report our financial results in accordance with U.S. generally accepted accounting principles, b
Slide 21: Information related to financial measures (continued)
Information related to financial measures (continued) We also present EBITDA, net income and diluted EPS exclusive of identified items. Identified items include adjustments for lower of cost or market (“LCM”), gain/loss on sale of business, asset write- downs in excess of $10 million in aggregate fo
LyondellBasell Industries — Q3 2026 Earnings Presentation on 6ix