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Celanese Investor Day 2006
    December 13, 2006
    New York




1
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 release, 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 net debt
        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 net debt is total debt.


                  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. 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 flows from operating activities 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 Items 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.

                  Net debt is defined as total debt less cash and cash equivalents. 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 capital structure. Our management and credit analysts use net debt to evaluate the
                  company's capital structure and assess credit quality. This non-U.S. GAAP information is not intended to
                  be considered in isolation or as a substitute for U.S. GAAP financial information.

                  Free Cash Flow is defined as Cash Flow from Operations less Capital Expenditures. 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 free cash flow to
                  evaluate the company's liquidity and assess credit quality. This non-U.S. GAAP information is not
                  intended to be considered in isolation or as a substitute for U.S. GAAP financial information.
2
Investor Day 2006
    CEO Update
    David Weidman
    President and CEO




3
A Leading Global Chemical Company


                                                  2006 Revenue1 (est)=          $6.7 Billion
                                                  2006 Operating EBITDA1 (est)= $1.2 Billion
                                                  2006 Adjusted EPS (est)=      $2.70 - 2.80


              Chemical                                Acetate                                  Technical                Performance
              Products                                Products                              Polymers Ticona               Products
                                            2006 Revenue (est):
    2006 Revenue (est):                                                                 2006 Revenue (est):        2006 Revenue (est):
                                            $0.7 B
    $4.6 B                                                                              $0.9 B                     $0.2 B

                                            2006 Op. EBITDA (est):
    2006 Op. EBITDA (est):                                                              2006 Op. EBITDA (est):     2006 Op. EBITDA (est):
                                            $0.14 B
    $0.85 B                                                                             $0.25 B                    $0.07 B

                                                                                           Global #1 Producer in     Global #1 Producer in
                                              Cash Generator, Global
        Global #1 Producer2
                                                                                             Our Key Products2         Our Key Products2
                                                   #1 Producer2

    1 Includes Other Operating Segment, with Revenue (est)   of $0.3 B and Operating EBITDA of ($0.1 B)
    2Source:Tecnon and SRI. (2005 estimates)
4
An Attractive Hybrid Business Model

                                                                  Celanese




                                       Commodity       Intermediate          Specialty     Consumer
            Oil & Gas
                                        Chemicals        Products            Products      Products
                                                       •   Dow*
         • Exxon                       • Dow*                           • Rohm & Haas* • Motorola
                                                       •   Eastman*
         • BP                          • Lyondell                       • ICI*         • Toyota
                                                       •   PPG*
         • Shell                       • Methanex                                      • Sherwin-Williams
                                                       •   FMC*                        • Siemens


                                     Balance of intermediate & specialty products
    * Celanese internal peer group
5
Balanced Global and End Market
              Positions
                                                                                           Paints &
                                                                                           Coatings
           Food and Beverage                                                                                         Textiles
                                                                                           14%
                                    5%                                                                               6%

                                                                                                                                             Automotive
       Consumer
                                                                                                                                             9%
    and Industrial
                                               40%                                         35%         25%
       Adhesives
                  4%
                                                                                                                                         Consumer /
                                                                                                                                         Medical
    Construction                                                                                                                         Applications
               8%                                                                                                                        11%
         Chemical Additives
                                                                                                                                Performance Industrial
                                  6%                                                                                            Applications
                                                                                                                                3%
                                                                                                      Filter Media
                                                Paper & Packaging
                                                                   9%                                 14%                            Other
      Notes:
                                                                                                                                     11%
      Includes oxo alcohol and polyol derivative divestiture and pending APL acquisition
      End use breakdown based on 2006 est. external sales revenue
      Geographic breakdown based on 2005FY revenue to external customers by destination
6
Execution…Growth…Value

    > Phase I : Successful Transition – 2000 to 2006
      = Execute transformation strategy
      = Growing value
    > Phase II: Deliver Growth – 2007 to 2010
      = Build geographic lead: Increase presence in Asia
      = Grow downstream specialties: Drive business specific
        opportunities
      = Align organization: Better address growth
        opportunities
             Continue to create value in excess of the peer group
7
Focus and strengthen portfolio…
           2000 to 2006
           Portfolio Strategy
           >     Invest in specialty businesses
           >     Build strength in differentiated intermediates
           >     Extend the acetyl chain globally
           >     Reduce exposure to non-differentiated, more commodity businesses
           >     Divest non-core business lines

                                                                                               Total Revenue Impact1
                     Acquisitions                                    Divestitures

                                                                                                   Acquisitions
             Air Products PVOH                  Oxo alcohols                Vectran
             Clariant Emulsions                 Polyol derivatives          Emulsion Powders          $1.8 B
             Vinamul                            Trespaphan                  DH Actives
             Acetex                             Nylon                       Estech JV
                                                                                                   Divestitures
             APL (pending)                      Acrylates                   Emulsions Greece
                                                PBI                         COC                       ($1.8 B)
                                                                            Fuel Cells
    1Data from the year in which the transaction occurred
8
Focus and strengthen portfolio
            % Revenue from Products Holding                                               % Revenue from Specialty Businesses
            #1 or #2 Position
                         2000                                  2006E1,2                          2000                         2006E1
                                                                ~95%
                                                              Nutrinova                                                 Total Revenue
                                                                                                                            $6.2 B
                        ~70%                                    Acetate
                                                                                                                                        5%3
                                                                                              Total Revenue
                                                                Ticona
                                                                                                  $4.9 B
                      Nutrinova
                                                                                                                              40%
                        Acetate
                                                                                                 33%
                         Ticona

                                                                                                 31%
                       Chemical                                Chemical
                       Products                                Products
                                                                                                                              55%
                                                                                                 36%

                                                                                                         Specialty Products
                                                                                                         Differentiated Intermediates
    1Includes oxo alcohol and polyol derivative divestiture and pending APL acquisition
    2~95%  #1 or #2 with the planned 2007 closure of all Celanese methanol production
                                                                                                         Non-differentiated Intermediates
    3Primarily methanol and formaldehyde revenue
9
Productivity on the bottom line
                                       Total Employees; EBITDA                                                                                           Celanese Operational
                                       2000-20061                                                                                                        Excellence
                               1,400                                                                   120
                                                                                                                                                         > 6-year track record of
                                                                                                                                                           execution
                               1,200
                                                                                                       100
                                                                                                                                                         > Continue capture of Celanese
                               1,000
                                                                                                                                                           specific opportunities
     Operating EBITDA ($000)




                                                                                                             % reduction versus yr-end
                                                                                                       80

                                                                                                                                                           = ~$80 million in additional CE




                                                                                                                                         2000 (ex M&A)
                                800

                                                                                                                                                             specific savings in 2007
                                                                                                       60
                                600
                                                                                                                                                         > Ongoing productivity to more
                                                                                                       40
                                                                                                                                                           than offset inflation
                                400

                                                                                                                                                         > Continuing growth in existing
                                                                                                       20
                                200
                                                                                                                                                           assets
                                                                                                                                                         > Synergies to enable growth
                                  0                                                                    0
                                        2000   2001   2002   2003   2004      2005       2006E
                                                                                                                                                           through future acquisitions
                                                 EBITDA      Number of Employees

                                                          Relentless productivity improvements
     1Excludes oxo alcohol and polyol derivative divestiture and pending APL acquisition
     Note: EBITDA references are Operating EBITDA, as defined by the Company, unless otherwise noted
10
Significantly improved earnings profile
             since 2000
                                                                     Operating EBITDA Growth1
                                                                                                                                ~1,200
                                                                               2000 – 2006E ($MM)
                                                                                                                   40-45
                                                                                                   110-115
                                                                                       90-95
                                                               125-130


                                         300-310
                     528




                                                                                                                     Cost
                                                                                  Increase in     Portfolio                      2006E
                  Baseline 2000            Volume                Margin
                                                                                                                Reduction net
                                                                                 Earnings from   Optimization
                                                                                                                 of Inflation
                                                                                   Affiliates

     Based on Celanese estimates
     1Excludes oxo alcohol and polyol derivative divestiture and pending APL acquisition

     All numbers are based on CE estimates
11
Enterprise value growth leads peer group
                         Celanese Enterprise Value Growth                                           Enterprise Value Growth
                         2000 – 2006YTD Debt and Market                                             2000 – 2006YTD CAGR
                         Capitalization
                                                                                              22%
                                 8.0
                                                           $6.9 B
                                 7.0                                                                                 CE: 18% CAGR
                                                                                              18%

                                 6.0
                                                                                              14%




                                                                          2000-2006 EV CAGR
            2000-2006 EV ($ B)




                                 5.0
                                                                                              10%
                                 4.0
                                                                                              6%
                                 3.0
                                        $2.5 B
                                                                                              2%
                                 2.0
                                                                                              -2%
                                 1.0

                                 0.0                                                          -6%
                                                                                                      ICI   Eastman Dow   PPG   Rohm   FMC Celanese
                                        YE 2000           Current                                                                and
                                                  Market Capitalization
                                       Debt                                                                                     Haas


                                                   Track record of growing value
     Equity value as of December 8, 2006.
     Source: Thompson Financial; Company 10Ks
12
Execution…Growth…Value
     > Phase I : Successful Transition – 2000 to 2006
       = Execute transformation strategy
       = Growing Value
     > Phase II: Deliver Growth – 2007 to 2010
       = Build geographic lead: Increase presence in Asia
       = Grow downstream specialties: Drive business specific
         opportunities
       = Align organization: Better address growth
         opportunities

                 Continue to grow value in excess of the peer group
13
2007 – 2010:
            Celanese Earnings Growth Strategy
                                         Celanese 2010 Objective:
                                            $300-$350 million
                                             EBITDA Growth

                                                                             Balance         Operational
                                    Business Specific
        Asia
                                                                              Sheet          Excellence
     >Nanjing                                                             >Evaluate        >Productivity
                   Revitalization       Innovation          Organic
      Complex                                                              capital          improvements
                                                                           structure        more than offset
     >Affiliates
                                                                           opportunities    inflation
                                       > Ticona – new   >Acetyls –
                   >Acetate
                                         products and    continued
                   >Emulsions
                                         applications    greater than
                                                         market growth
                                                         in Acetic Acid
                                                         and VAM


                          $300 - $350 million in additional EBITDA growth
14
Asia: Enhancing Celanese’s geographic lead

                                                                                                      2010E Regional Split
                           2006E Regional Split

                                                                                               Europe
                 Europe


                                                                                                                 Revenue
                                       Revenue                                                                               Asia
                                                                        Asia
                                                                                                                             30-35%
                                                                        25%
                                                                                            Americas
              Americas


                                                                                               Europe
                 Europe


                                                                                                                 Earnings
                                       Earnings                                                                              Asia
                                                                        Asia
                                                                                                                             45-55%
                                                                        ~30%

                                                                                            Americas
              Americas


                 Approximately 50% of earnings from the fastest growing region
     *Based on Celanese 2005 consolidated net sales (does not include sales from equity and cost investments).
15
Revitalization and acquisition:
                   Acetate drives earnings growth
                   Acetate Operating EBITDA Impact                                                          Underway: Acetate
                   2004 – 2008E                                                                             > Continue earnings growth
                                                                                                                through 2008/2009
                   $250
                                                                                      th
                                                                                   ow                       > Integrate Acetate Products
                                                                                 r
                                                                             G
                                                                         s
                                                                     ing                                        Limited (APL)
                                                                  arn
                   $200
                                                              E
                                                                                                            Initiated: Emulsions/PVOH
                                                          %
                                                       00
                                                  >1
                                                                                                            > Enhance customer and regional
            $ MM




                                                                                                     $220 -     focus
                   $150

                                                                                                     230MM > Reduce product complexity
                                                                                                            > Drive significant productivity
                   $100
                                                                                                                improvement through
                                                                                                                operational excellence
                    $50
                                                                                                            Ongoing: Performance Products
                     2004           2005            2006E                2007E                 2008E
                                                                                                            > Support customer formulation
                                                        1                                  2       3
                                                                                                                development in new products
                          Acetate Seg. EBITDA                 JV Dividends                     APL

                                         Revitalization opportunities in other businesses
     1 EBITDA    as reported excluding special charges, Restructuring in Operations, Other charges.
     2 JV   dividends from cost investments 3Acquisition Pending
16
Application and Customer Innovation:
     Ticona to drive >2x GDP growth
     Ticona                           Drive >2x GDP Growth through 2010
     Operating EBITDA Growth          > Translation of existing polymers to new
     2007-2010                          markets
                           >$350 MM
                                      > Continued Affiliate growth
                                      > Innovation and new product
                                        development
     ~$250 MM
                                      > Polymer modifications
                             2010
                            EBITDA
                            Profile   > Accelerating growth in non-automotive
       2006E                            applications
      EBITDA
                                      > Increase automotive market share and
                                        pounds per vehicle

                EBITDA profile increase by ≥ $100 MM by 2010
17
Organic growth: Acetyls continued
            success
             Celanese Acetic Acid and Vinyl Acetate
                                                                                           > Favorable industry dynamics
             Normalized Growth1996-2008E
                                                                                             through 2009
            200
            180
                                                                                           > Historical “market-plus” growth
            160
                                                                                             continues
            140
            120
                                                                                           > Commercial production from
            100
                                                                                             Nanjing begins in 2007
                80
                60
                                                                                             = $600 - $700 million
                     1996             1998     2000        2002    2004    2006E   2008E
                                                                                               increased revenues from the
                                             Acetic Acid          VAM       GDP                Nanjing complex by 2010
                                   Celanese Acetic Acid :                 5.1% (6.3%1)
                     Growth CAGR




                                                                                             = >$500 million from Acetyls
                                   Market Acetic Acid2:                   4.6%
                                                                                           > Translate vinyl-based emulsions
                                   Celanese VAM:                          4.4% (5.3%1)
                                                                                             success to growing Asian
                                   Market VAM2:                           3.5%
                                                                                             market
                                      1996 – 2008E Global GDP3:           3.1%
     1Including the Acetex acquisition
     2Source:   Tecnon
     3Source: CMAI
18
Operational Excellence:
            more than offset inflation
                                                          Overall Company Productivity1
               $ millions (year-over-year cost savings)




                                                              average fixed
                                                              cost inflation




                                                           2001          2002            2003    2004    2005    2006E     2007
                                                                                                                          Target
                                                            Fixed cost reduction                Variable and energy improvement
                                                            Goal for 2007 and beyond: more than offset inflation
     1Does not include productivity                               from divested businesses
19
Realigning the businesses to accelerate
         growth
     Building Block     Differentiated Intermediates   Specialty Products


                                                                             Advanced
                                                          Engineered        Engineered
                      Formaldehyde
                                                            Plastics
                                                                             Materials
                                                                              (AEM)
        Raw
       Materials                                            Acetate
                                       Anhydride and
                                          esters
                                                           Nutrinova
                      Acetic Acid


                                            VAM            Emulsions
      Legend
         Chemicals
         Ticona
                                                        Consumer and
                                 Acetyl
         Acetate
                                                          Industrial
         Nutrinova           Intermediates
                                                       Specialties (CIS)
20
New organizational alignment

                                                      2006 Pro-forma Revenue (est.) = $6.0 Billion1,2

                          Acetyl                                       Consumer and Industrial                           Advanced Engineered
                      Intermediates                                         Specialties                                       Materials
        2006 Revenue (est):                   $2.9 billion        2006 Revenue (est):              $2.2 billion      2006 Revenue (est):        $0.9 billion
        2006 Op. EBITDA Margin (est.): ~23%3                                                                         2006 Op. EBITDA Margin (est.): ~29%3
                                                                  2006 Op. EBITDA Margin (est.): ~16%
                       Acetic Acid                                                                                             Ticona and Affiliates
                                                                                  Acetate and         Industrial
                                                        Performance
                      Vinyl Acetate
                                                          Products                 Affiliates         Specialties
                    Acetic Anhydride
                 Other Acetyl Derivatives                                                              Emulsions
                    IBN Sina Affiliate                                                                   PVOH
                                                                                                       AT Plastics
                 Oxo Alcohol Divestiture
        2006 Revenue (est):                   $0.7 billion
        2006 Op. EBITDA Margin (est.): ~10%


                             Increased focus on each business’ growth opportunities
     1Includesoxo alcohol and polyol derivative divestiture and excludes pending APL acquisition
     2Does not include Other Operating Segment and Intersegment eliminations
     3Does not include the additional proportional EBITDA from equity affiliates
21
Celanese: Well positioned for growth
                                               Primary Growth Focus
                                                                                       Balance   Operational
                        Group           Asia   Revitalization   Innovation   Organic
                                                                                        Sheet    Excellence

                        Consumer and
                                         X           X              X                                X
     Operating EBITDA




                        Industrial
                        Specialties
                        Advanced
                                         X                          X          X                     X
                        Engineered
                        Materials
                        Acetyl
                                         X                                     X                     X
                        Intermediates
                        Celanese
     EPS




                                                                                         X
                        Corporate



                          $300 – $350 million in additional EBITDA plus EPS potential by 2010
22
Consumer and Industrial Specialties
     Doug Madden
     President, Celanese Acetate, AT Plastics,
     Emulsions & PVOH




23
Consumer and Industrial Specialties Group

                                                      2006 Pro-forma Revenue (est.) = $6.0 Billion1,2


                                                                                                               Advanced Engineered
                                Acetyl                                  Consumer and Industrial
                                                                                                                    Materials
                            Intermediates                                    Specialties
                                                                                                            2006 Revenue (est):         $0.9 B
                 2006 Revenue (est):                   $2.9 B
                                                                   2006 Revenue (est):              $2.2B
                                                                                                            2006 Op. EBITDA Margin(est.):~29%3
                 2006 Op. EBITDA Margin (est.): ~23%3
                                                                   2006 Op. EBITDA Margin (est.): ~16%


                 Performance Products                                                                            Industrial Specialties
                                                                           Acetate and Affiliates
                                                                                                            2006 Revenue (est):            $1.3 B
             2006 Revenue (est):            $0.2 B                  2006 Revenue (est):            $0.7 B
                                                                                                            2006 Op. EBITDA Margin (est.): ~10%
             2006 Op. EBITDA Margin (est): ~38%                     2006 Op. EBITDA Margin (est.): ~22%
                                                                                                                          Emulsions
                        Oxo Alcohol Divestiture
                                                                                                                            PVOH
                  2006 Revenue (est):                  $0.7 B
                                                                                                                          AT Plastics
                  2006 Op. EBITDA Margin (est.): ~10%


                             Increased focus on each business’ growth opportunities
     1Includesoxo alcohol and polyol derivative divestiture; excludes pending APL acquisition
     2Does not include Other Operating Segment
     3Does not include the additional proportional EBITDA from equity affiliates
24
Consumer and Industrial Specialties:
       A significant opportunity
     > Consumer and Industrial Specialties background
     > Proven track record of revitalization and growth
       in Acetate
     > Growth and innovation opportunity in
       Industrial Specialties
     > Successful life-cycle management in Nutrinova




25
Similar business dynamics and earnings
              growth opportunities
                                                                                                        2006E Pro-forma Revenue
          ► Over 1/3 of total Celanese
                                                                                                                $6.0B1,2
            revenue
                                                                                                                                  Acetyl
          ► All specialty derivatives of                                                                                      Intermediates
            Acetyl Intermediates                                                           Industrial
                                                                                          Specialties
          ► Businesses less sensitive to
            economic cycles
          ► Similar consumer / end use
            dynamics                                                                Performance
                                                                                      Products
          ► Stable cash generation
                                                                                                  Acetate
          ► Earnings growth through
                                                                                                                  Advanced
            revitalization and                                                                                   Engineered
            innovation                                                                                            Materials

     1Includes  oxo alcohol and polyol derivative divestiture; excludes pending APL acquisition
     2Does   not include Other Operating Segment
26
Aligned to deliver on unmet customer
         needs
                                                                                Competitive
                                    Key Trends                    CIS Group     Differentiator
     Paints, Coatings & Adhesives (Emulsions/PVOH)
                   > Strong growth in developing markets
                                                                  Industrial   Global footprint,
                   > Low VOC requirements
                                                                 Specialties      Innovation
                   > Continued growth in convenience items
                      (non-wovens)
     Food & Beverage (Nutrinova)
                 ≥ Multiple reduced-sugar product offerings                    Product quality,
                                                                 Performance   manufacturing
                 ≥ Blending of sweeteners and flavors to
                                                                   Products
                    enhance taste                                                excellence

     Filter Media (Acetate)
                  ≥ Strong tobacco growth in Asia                              Global footprint,
                                                                   Acetate        low-cost
                  ≥ Increasing filter length and filter design
                                                                                manufacturing

                                 Tailoring innovative solutions
27
Major Structural Changes to the
         Businesses
                                                Completed China          APL acquisition
                                                  venture tow             announced
                                                  expansions
                             Launched Acetate
                                                                                    Commenced
                               Revitalization
                                                                                   construction of
         Acquired Air                           Acquired          Acquired AT
                                                                                   Emulsion plants
        Products PVOH                           Vinamul             Plastics
                                                                                      in China

      1999                                                                                 2006

                                                                     Divested
                        Acquired
     Revenue 1999:                                                                   Revenue 2006:
                                                Exited Acetate
                                                                     Emulsion
                         Clariant
         $1.1B                                                                           $2.2B
                                                   Filament
                                                                     Powders
                        Emulsions


                          Improved product portfolio
                          Built the #1 global vinyl-based emulsions business
                          Extended global reach
28
Acetate: Revitalization continues to
      deliver earnings growth
                                                                                     2008 2009
                                             2002   2003   2004   2005   2006 2007
     Timeframe
     > Historical
       = Modest cash generation
     > Restructuring/Repositioning
       = China venture tow expansions                               Complete
       = Filament exit / site optimization                          Complete

     > Beyond 2007
       = Maximize cash generation
       = Selective & sustainable growth
       = China venture flake expansion

       > APL Acquisition (pending)
         = Integrate the business
         = Capture synergies

29
Acetate Products Limited (APL):
           A strategic fit
                         Financial Impact                              Strategic Impact
          >       Acquisition amount: $~110MM1,               >   Broader customer mix and reach
                  debt free, includes working capital         >   Brings Flake integration in Europe
          >       2005E revenue: ~$230MM1                     >   Adds film business
          >       EBITDA margin: high single digit -          >   Increases Acetyl internal
                  low double digit historically                   consumption
          >       Significant synergies expected


                                             Improved Operations Footprint
                                              North America                    Europe      China Ventures
                             North America                         Europe
                                                  2007E                        2007E       2005 to 2007E
                                 2005                               2005
         Flake                                   2 sites                        1 site       Expanded
                                4 sites                            0 sites
         Tow                                     2 sites                        3 sites      Expanded
                                3 sites                             1 site
         Specialty Film                            na.                          1 site          na.
                                  na.                                na.
         Filament                              Fully exited                      na.            na.
                                2 sites                              na.
     1Assumes   GBP= $1.87
30
Acetate: Uniquely positioned in Asia,
            particularly China
                                                       Dividends from China Ventures
       > Region with largest demand
                                                       $MM
            = China represents 30% of
                                                                                 $32
              global tow market                                          $30
       > Above average growth
            = Tow growth projected at 2-                         $21
              3% per year in China versus
              1-2% in NA/EU
       > Extending leadership
            = All expansions on-stream
              early 2007
                                                          $2
            = Evaluating next stage
              opportunities                              2005   2006E   2007E   2008E

                                  Tremendous growth in earnings and cash flow
     Source: Celanese Estimates
31
Acetate: Strong earnings growth
               continues
                                   Consolidated Revenue, $MM
                     $250
                                                            $830-
                                                                                                          t
                                                                                                      men
                                                             870

                                                                                                  rove
                                      $700
                                                                                               imp
                     $200
                                                                                           %
                                                                                     0
                                                                                 >10
                                      2004                  2008E
               $MM




                     $150
                                                                                                                              $220 –
                                                                                                                              $230 MM

                     $100




                      $50
                         2004                         2005                        2006E                       2007E   2008E
                                             Segment EBITDA1                  JV Dividends2           APL 3
     1 EBITDA    as reported excluding special charges, Restructuring in Operations, Other charges.
     2 JV   dividends from cost investments 3Acquisition Pending
32
Industrial specialties: building a
     premier franchise
                                                                Looking Ahead:
             Positioned via Acquisition:
                                                             Realizing the Potential
              $200 MM to $1,050 MM
                                                          ► Continuous improvement -
                      Sales 2006E in MM$
     1.200
                                                            selective revitalization
     1.000
                                                            opportunities
      800
                                                          ► Technology - Market Driven
      600
                                                            Innovation
      400

                                                          ► Globalizing -Translating VAE
      200
        0                                                   Success to Asia
             PVOH ('99)   Clariant   Vinamul   Acquired
                            ('02)      ('05)   business
                                                 base


             Invested, Developed, Became Leader
       ► # 1 vinyl emulsions producer
       ► New product introduction
       ► Optimized R&D centers


                     Incremental EBITDA opportunity of ~$50MM
33
Optimize / revitalize Industrial Specialties
       for growth and productivity
     2007                                   2008                             2009

                                                                 Focus on
        Marketplace Interface
                                                                Innovation
        >   Enhance customer focus
        >   Consolidate sites/ capability
        >   Reduce complexity
        >   Accelerate Six Sigma
                                                                       Focus on
                Operational Excellence
                                                                     Controllables
                >   Capture productivity gains
                >   Consolidate operations
                >   Streamline supply chain
                >   Standardize processes, redesign workflows

34
Translating Vinyl Acetate success to Asia
                                      Global Latex Emulsions Market1
                                2.0
                                                                                            Why China and Why Vinyls?
                                           1.8
                                1.8
                                                                                           > Demand in China growing at
                                1.6
                                                                                             >10%
     Regional Size (B tonnes)




                                                            1.3
                                1.4
                                                                                           > Diverse end-market
                                1.2
                                                                                             segments
                                1.0
                                                                                           > Good value proposition
                                                                            0.7
                                0.8
                                                                                             versus competitive systems
                                0.6

                                                                                           > Meets low VOC requirements
                                0.4

                                0.2

                                0.0
                                           US              Europe           China
                                      Vinyls     100% acrylic   Styrene acrylics

     1Excludes SBR, other minor latexes & powders Source: Kline Synthetic Latex Polymers
       Market Analysis Europe 2005, North America 2004 and China 2006
35
Translating Vinyl Acetate success to Asia
                VAE Case Study
                                          Global VAE Volume
          300                                                                                             Celanese Advantages in VAE
          250
                                                                                                          > Formulation expertise
          200
                                                                                                          > Technological superiority
     kt




          150
                                                                                                          > Monomer integration
          100                     ~50%                         ~25%
                                                                                                          > Local production assets
          50
                                                                                                          > Celanese Nanjing VAE
           0
                                                                                                            plant close to demand
                         USA                            Europe               China
                      2005                               Celanese Share of Sales1
                      2010 projected China               2010 projected Celanese China




                                     Well positioned to drive VAE growth in China
      1 Kline Synthetic   Latex Polymers Market Analysis Europe 2005, North America 2004 and China 2006
36
Stable earnings and cash flow from
       Performance Products (Nutrinova)
     > Food ingredient business:
       = High intensity sweetener
                                                   Sunett® End-Use Applications
         (Sunett®)
       = Food protection ingredients
         (Sorbates)                                                       Confections/
                                                                          Gums
                                             Beverages
     > Blends with flavors/other
       sweeteners drive penetration
                                                                       15%
                                                           74%
     > Leading global position with key
       customers:                                                     11%
       = Coca Cola, Wrigley, Pepsi, Kraft,
                                                                             Other
          Cadbury (Adams / Schweppes)




37
Consumer and Industrial Specialties
      Delivering Sustainable Earnings Improvement
                                                                               ≥ $450 MM


                                                  s
                                           factor
                                         s
                                    ucces
                                  S
     ~$350 MM

                       Achieve ≥ $ 100mm in Earnings Growth
                > Acetate – Revitalization, China growth and APL acquisition
                                                                                 2010
       2006E                                                                    EBITDA
                > Emulsions/PVOH – Technology, substitution, growth regions
      EBITDA                                                                    Profile
                > Nutrinova – Grow volumes, formulation development
                > Collectively – Attractive, Growing and Profitable




                EBITDA profile increases ≥$100 MM by 2010
38
Advanced Engineered Materials
     Lyndon Cole
     Executive Vice President &
     President Ticona




39
New organizational alignment

                                                      2006 Pro-forma Revenue (est.) = $6.0 Billion1,2


                                                                                                                  Advanced Engineered
                          Acetyl                                  Consumer and Industrial
                      Intermediates                                    Specialties
                                                                                                                       Materials
        2006 Revenue (est):                    $2.9 B       2006 Revenue (est):                  $2.2 B
                                                                                                              2006 Revenue (est):               $0.9 B
        2006 Op. EBITDA Margin (est.):        ~23%3         2006 Op. EBITDA Margin (est.): ~16%
                                                                                                              2006 Op. EBITDA Margin (est.): ~29%3
                                                                         Acetate and            Industrial
                                                  Performance
                                                                                                                        Ticona and Affiliates
                                                    Products              Affiliates            Specialties

                 Oxo Alcohol Divestiture
         2006 Revenue (est):                     $0.7 B
         2006 Op. EBITDA Margin (est.):          ~10%




                             Increased focus on each business’ growth opportunities
     1Includesoxo alcohol and polyol derivative divestiture; excludes pending APL acquisition
     2Does not include Other Operating Segment
     3Does not include the additional proportional EBITDA from equity affiliates
40
Advanced Engineered Materials is well
       positioned for continued growth
     > Established track record for profitable growth
     > Advanced Engineered Materials business model
     > Growth expectations




41
Five-year track record of earnings growth
                                                                AEM Operating EBITDA1
                                        300
                                                                                                                    > Substantial volume
                                                                                                 $30
     Operating EBITDA 2001-2006 ($MM)




                                                                                                            ~$250
                                                                                                                      growth
                                                                                     ($10)
                                        250                               $50
                                                                                                                    > Regional growth
                                                                $130
                                        200
                                                                                                                      through affiliates
                                                                                                                    > Cost reductions help
                                        150
                                                                                                                      to offset margin
                                                                                                                      compression
                                        100
                                                 $52                                                                > Portfolio optimization
                                         50
                                                                                                                      enhances earnings
                                                                                                                      profile
                                          0
                                                2001           Volume   Affiliates Margin Net Portfolio     2006E
                                                                                     of Cost Optimization
                                                                                   Reduction
                                                                                  and Currency



                          1 Data          based on estimates
42
Substantial margin improvement
                                                                relative to peer group
                                                                Normalized AEM and peers‘ EBIT
                                                  10.0
     Delta Ticona Operating Profit as % of Sales vs. Peers'*




                                                                                                                5.3
                                                               5.0

                                                                                                                         Impact of affiliate
                                                                                                 0.5
                                                                                                                         dividends further
                                                               0.0
                          average




                                                                                                                         enhances AEM
                                                                                     -0.5
                                                                                                        -1.2
                                                                                                                         performance
                                                        -5.0

                                                                              -6.2

                                            -10.0


                                                                     -12.70
                                            -15.0
                                                                     2001     2002   2003        2004   2005   9M 2006

       Peer group: corresponding segments of BASF, DSM, DuPont, GE Plastics, Solvay Plastics
       Zero line reflects peers average - all figures restated –
       Ticona figures 2005 without special items and COC effects
43     Excluding effects from Special Charges and other charges
Advanced Engineered Materials is well
       positioned for continued growth
     > Established track record for profitable growth
     > Advanced Engineered Materials business model
     > Growth expectations




44
Focus on High Performance
                     Polymers and Thermoplastics
                              Global High Performance Polymer and Engineering Thermoplastics
                                          2006E: ~8 MM tons (2006E Growth = 6 %)
                      € 100 / kg
                                                                                                     High Performance Polymers (HPP)
                      € 10 / kg
                                                                                     4%
                                                                                                     Engineering Thermoplastics (ETP)
                      €   3 / kg
       Performance




                                                         others = 3 %

                                                                                                                   Standard Polymers
                                                                                                          96 %
                                                            PU = 6 %

                                                           PET = 5 %

                                                     ABS, SAN, ASA: 4 %
                      €   1 / kg

                                       PVC = 17 %                         PS, EPS = 9 %

                                        PE = 34 %                            PP = 19 %

                                                       Range of Products

     Comprising: PA 6 & PA 66, PA 11 and PA 12, PC, POM, PBT, COPE, PET technical, PPE, COC & COP,
     UHMW-PE, PPS, LCP, High Performance Nylons, PEEK, PEI, PES & PSU, PTFE & other fluoropolymers
45
Strong product portfolio
                Product               #1 or   Transportation    Electrical   Consumer    Industrial   Medical
                                       #2                           &           &
                                                               Electronics   Appliance
     Hostaform®                                     X              X            X                       X
     (Polyacetals)
     GUR®
                                                                                X            X          X
     (Ultra-high molecular weight
     PE)
     Celanex®                                       X              X            X                       X
     (Polyester Engineering Resins)
     Vectra®                                        X              X                                    X
     (Liquid Crystal Polymer)
     Celstran®
                                                    X                                        X
     (Long fiber reinforced
     thermoplastics)
     Fortron®                                       X              X                         X
     (Polyphenylensulfide)




                                      Leading position in > 80 % of sales
46
Exposure to a broad range of
     end-use markets…
                          Revenue by end use market 2006E~ $920MM
                             Other 6%



                           Alternate
     Medical 5%                                                 Transportation
                           Fabrication
                                                                47%
                           12%




                                                                Electrical &
     Industrial 10%
                                                                Electronics 8%


                                         Consumer & Appliance
                                         12%

                      …many with growth in excess of global GDP
47
Fueling growth with non-automotive
                     applications
                     AEM Non-Automotive Revenue Growth
                     600
                                                                        ≥ Steady overall growth for
                                               8%
                                         CAGR:
                     500                                                  AEM since 2001
                                                                          = 6% total revenue CAGR
                     400
     Revenue ($MM)




                                                                        ≥ Non-automotive growth is
                                                                          the key driver
                     300
                                                                          = 8% CAGR in non-
                                                                            automotive sales since
                     200
                                                                            2001
                     100                                                ≥ Increased diversity to end-
                                                                          use markets
                      0
                           2001   2002   2003   2004     2005   2006E
                                    % Non-Automotive Revenue
                           47%                                  53%

48
Supporting customer growth with global
           facilities




             2006E Sales by Region

       Asia/Pacific                      America
       50 %                                25 %




                                Europe 25%
     Note: Regional split refers to Ticona sales +
     Polyplastics sales
49
Continuous investment in our
                     global franchises
     > Core Investments                                                               > Affiliate Investments
                     = Increased POM capacity at                                                         = Finalized POM capacity in
                       Kelsterbach and Bishop                                                              Nantong
                     = Doubled LCP capacity in Shelby                                                    = Investing in the largest global
                                                                                                           PPS plant at Wilmington
                     = Will build a new 20 kt GUR
                                                                                                           (Fortron Industries)
                       plant in China by 2008
                            Ticona Core EBITDA Growth1                                                                           Affiliate EBITDA Growth2


                                                                                      AEM Equity earnings and dividends
                     250                                                                                                  60

                                                                                                                          50
                     200
     EBITDA* ($MM)




                                                                                                                          40
                     150
                                                                                                   ($MM)
                                                                                                                          30
                     100
                                                                                                                          20
                     50                                                                                                   10

                       0                                                                                                   0
                           2001        2002     2003     2004     2005     2006E                                               2001   2002   2003   2004    2005 2006E
                     1 EBITDA as                                                                            2 Does not include proportional EBITDA from
                                   reported excluding equity earnings and dividends                                                                        affiliates
50
Advanced Engineered Materials is well
       positioned for continued growth
     > Established track record for profitable growth
     > Advanced Engineered Materials business model
     > Growth expectations




51
Comprehensive Approach to Growth

                                                                Development
                                                                  Process

                                         > Polymer modification            > Innovation
                                         > New polymers for                > New product development
                              new



                                           existing applications /
                                           replacing of competing
                                           substrates
                                                                       AEM
                   Products




      Regional                                                                                             Customer
                                                                     Employees
     Positioning                                                                                          Relationship
                                         > Penetration into existing       >Translate existing polymers
                                           markets and end-users            to new markets
                              existing




                                         > Regional growth
                                         > Increasing market share and
                                           pounds per vehicle
                                                 existing                              new
                                                                      Markets




52
Well represented in fastest-growth
             region of the world
                          2005: 8,100 kt                                                                       2010: 10,900 kt

                                                                                                                     Other
                                                                      Global CAGR: 6.2%
                         Other                  Europe                                                                           Europe
                                                                                                                     4%
                         4%                     32%                                             Asia without                     30%
                                                                 North                          Japan
                                                                                4%        1%
                                                                America
                                                                                                35%
     Asia without
                                                                 Europe        3%     2%
     Japan
     31%
                                                                  Asia
                                                     NA                                                                          NA
                                                                without              7%        1%
                                                                 Japan
                                                     23%                                                                         22%
                                                                                                                         Japan
                                   Japan
                                                                                                                         9%
                                   10%
                                                               2005 Regional Exposure
                                                                                Asia                  Rest of World
                              AEM                                               50%                            50%
                              Market                                            40%                            60%
     Source: Global Insight, May 2006; SRI Thermoplastics Outlook 2005;
     Top Right ETP 2005; CE estimates; AMI EU 2005; Freedonia ETP in NA 2006
53
Development Processes:
     Foundation of Performance
     Business Technology Plan
                                                    > Reduce innovation
     > Sets 3-5 year objectives
                                                     cycle time
     > Innovation roadmap

     Gate Process                                   > Improve quality and
                                                      marketability of
                                                      products

                                                    >Minimize
     > Defines new product development process
                                                     development risk
     > Identifies critical issues
                                                    > Improve efficiency of
     Six Sigma (DFSS/DMIAC/Lean)
                                                      development
     > Tools to resolve critical issues / improve
       streamline process

           Processes add rigor to optimize and shorten development cycle
54
Accelerating growth with
       close customer relationships
     > Key Drivers                                            Development Pipeline since 2004
                                                              (Value of customer-driven projects in the pipeline)
       = Growth Platforms
                                                        1.6
       = Advanced Acetal                                1.4
                                                                                                                                  40%
       = Advanced High                                  1.2
                                                                                                                                Increase



                                     Normalized Value
         Temperature Resins                             1.0

                                                        0.8
     > Translation and application
                                                        0.6
       development – non
                                                                                         Growth platforms
                                                        0.4
       automotive
                                                                                             initiated
                                                        0.2
     > Continued automotive
                                                        0.0
       application innovation
                                                                4Q 04


                                                                        1Q 05


                                                                                2Q 05


                                                                                        3Q 05




                                                                                                                        3Q 06
                                                                                                                2Q 06
                                                                                                4Q 05


                                                                                                        1Q 06
                  Pipeline value has increased 40% since 2004
55
AEM products positioned to meet
          evolving market requirements
                                    Safety                 Fuel Efficiency

                                                                                    AEM product
         Requirements
                                                                                    advantages
     ≥ Safety
                                                                               ≥ Media resistance
       = Active Safety
          Systems                                                              ≥ Low moisture
                                                       Light weight –
                             Sensors enable                                      absorption
       = Intelligent
                                                       Award winning
                             Intelligent
          Transportation
                                                                               ≥ Heat distortion
          Systems                                      Celstran® Large Parts
                             Transportation Systems
                                                                               ≥ High impact
     ≥ Environmental
                                                                                 strength
       = Energy Efficiency
                                             Energy Efficiency
       = Fuel Efficiency                                                       ≥ Excellent creep
       = Weight                                                                  strength
          Reduction
                                                                               ≥ Electrical and die-
     ≥ Automation,
                                                                                 electrical behavior
       convenience

                                         LED in cars –
                                         less energy for more
                                         comfort and safety
56
Automotive Volume Growth
                                    Advanced Engineered Materials                                                        Advanced Engineered
                                                                                                                         Materials type of resins
                                                                                                                         in lbs per vehicle
       Sales Volume (metric tons)




                                                                                                                 2001
                                                                                               Asia1                         6


                                                                                                                                 12
                                                                                                                2006E
                                                                                   North America

                                                                                                                2010E                 18

                                                                                              Europe
                                                                                                               Highest                        40
                                                                                                               Current
                    2001                     2002           2003           2004              2005      2006E


                                          Well positioned regionally and increasing penetration per vehicle
     1Including                      affiliates Polyplastics / excluding Kepco and Fortron
57
Accelerated growth in non-
     automotive applications

                        LED applications in Automotive,
        LED
                        Residential, Public Areas

                        “Hot-Spots” in the kitchen –
      Cookware
                        Industrial and private cooling devices

                        Filters for Water filtration and
      Industrial
                        Air pollution

                        Dosage Systems, Tele-Medicine,
       Medical
                        Surgical devices, Sterile Packaging

                        Performance Fibers for Ballistics,
       Safety
                        Protection, Engineering ropes

                        Non-Automotive sensors, Lithium-Ion
       Various
                        Batteries, Electric Shielding Applications


58
Incremental growth opportunity : LED
                                          Global LED shipments in $ MM
     > Innovative applications for        12,000
       entire portfolio
                                          10,000
     > Use up to 90% less energy than                                       R
                                                                       AG
                                                                     %C
       current technologies                                     14
                                           8,000
     > Reduce carbon emission by
       ~200 MM tons                        6,000
     > 10x to 100x longer lifetime than
       traditional bulb technologies       4,000

     > More reliable - no moving parts     2,000
     > Less disposable waste materials
                                              0
                                                   2005 2006E 2007E 2008E 2009E 2010E 2011E



59
Incremental growth opportunity: well
     positioned to capture global sensor growth
                                                   World Sensor Demand
                                        90
                                        80
                                        70
                                        60
     Process Management                                                                                Chemical Plant
                            $ billion   50
     & Control Systems                                                                                 Management & Control
                                        40
                                        30
                                        20
                                        10
                                         0
     Home Electronics and                                                                              Household Appliances
                                              1995         2000       2005           2010E     2015E
     Security Systems                                                                                  & Electronics
                                                     US    WE     Japan    Asia/Pacific      ROW




     Robotics for Home                  Airline Industry                  Military                     Consumer &
     and Industry                                                                                      Appliances


      10% Asia and 6% global annual growth continues through 2010
60
≥2x GDP Growth through 2010
                                                                           $350 MM
                                                                       ≥




                ~$250 MM

                           Achieve >2X GDP growth through:
                           > Innovation and new product development
     $52 MM                > Translation of existing polymers to new
                             markets
                           > Polymer modifications
                           > Current market penetration

       2001       2006E                                                2010 EBITDA
      EBITDA     EBITDA                                                   Profile

               EBITDA profile increase by ≥ $100 MM by 2010
61
Opening markets with new
     applications and offerings
     Expanding Products -                 Expanding                     Expanding
        New Offerings                    Functionality                 Opportunity
                                                                   > Large and small
                                  > Improved melt strength
     Focus on Polymer Chemistry
                                                                     appliances
                                  > Improved impact properties
                                                                   > Safety systems
                                  > Toughness
                                                                   > Portable
                                  > Improved chemical resistance
                                                                     water/irrigation
                                  > Expanded processability
                                                                   > Gears
                                  > Higher service temperatures
                                                                   > Transportation
                                                                     power systems
                                  > Improved surface properties
                                                                   > Fuel systems



      2010 and beyond: new offerings enable market growth greater than 2x GDP
62
Acetyl Intermediates

     John O’Dwyer
     President, Acetyl Intermediates, Celanese Asia




63
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celanese investor_day_2006_complete_presentation

  • 1. Celanese Investor Day 2006 December 13, 2006 New York 1
  • 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 release, 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 net debt 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 net debt is total debt. 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. 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 flows from operating activities 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 Items 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. Net debt is defined as total debt less cash and cash equivalents. 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 capital structure. Our management and credit analysts use net debt to evaluate the company's capital structure and assess credit quality. This non-U.S. GAAP information is not intended to be considered in isolation or as a substitute for U.S. GAAP financial information. Free Cash Flow is defined as Cash Flow from Operations less Capital Expenditures. 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 free cash flow to evaluate the company's liquidity and assess credit quality. This non-U.S. GAAP information is not intended to be considered in isolation or as a substitute for U.S. GAAP financial information. 2
  • 3. Investor Day 2006 CEO Update David Weidman President and CEO 3
  • 4. A Leading Global Chemical Company 2006 Revenue1 (est)= $6.7 Billion 2006 Operating EBITDA1 (est)= $1.2 Billion 2006 Adjusted EPS (est)= $2.70 - 2.80 Chemical Acetate Technical Performance Products Products Polymers Ticona Products 2006 Revenue (est): 2006 Revenue (est): 2006 Revenue (est): 2006 Revenue (est): $0.7 B $4.6 B $0.9 B $0.2 B 2006 Op. EBITDA (est): 2006 Op. EBITDA (est): 2006 Op. EBITDA (est): 2006 Op. EBITDA (est): $0.14 B $0.85 B $0.25 B $0.07 B Global #1 Producer in Global #1 Producer in Cash Generator, Global Global #1 Producer2 Our Key Products2 Our Key Products2 #1 Producer2 1 Includes Other Operating Segment, with Revenue (est) of $0.3 B and Operating EBITDA of ($0.1 B) 2Source:Tecnon and SRI. (2005 estimates) 4
  • 5. An Attractive Hybrid Business Model Celanese Commodity Intermediate Specialty Consumer Oil & Gas Chemicals Products Products Products • Dow* • Exxon • Dow* • Rohm & Haas* • Motorola • Eastman* • BP • Lyondell • ICI* • Toyota • PPG* • Shell • Methanex • Sherwin-Williams • FMC* • Siemens Balance of intermediate & specialty products * Celanese internal peer group 5
  • 6. Balanced Global and End Market Positions Paints & Coatings Food and Beverage Textiles 14% 5% 6% Automotive Consumer 9% and Industrial 40% 35% 25% Adhesives 4% Consumer / Medical Construction Applications 8% 11% Chemical Additives Performance Industrial 6% Applications 3% Filter Media Paper & Packaging 9% 14% Other Notes: 11% Includes oxo alcohol and polyol derivative divestiture and pending APL acquisition End use breakdown based on 2006 est. external sales revenue Geographic breakdown based on 2005FY revenue to external customers by destination 6
  • 7. Execution…Growth…Value > Phase I : Successful Transition – 2000 to 2006 = Execute transformation strategy = Growing value > Phase II: Deliver Growth – 2007 to 2010 = Build geographic lead: Increase presence in Asia = Grow downstream specialties: Drive business specific opportunities = Align organization: Better address growth opportunities Continue to create value in excess of the peer group 7
  • 8. Focus and strengthen portfolio… 2000 to 2006 Portfolio Strategy > Invest in specialty businesses > Build strength in differentiated intermediates > Extend the acetyl chain globally > Reduce exposure to non-differentiated, more commodity businesses > Divest non-core business lines Total Revenue Impact1 Acquisitions Divestitures Acquisitions Air Products PVOH Oxo alcohols Vectran Clariant Emulsions Polyol derivatives Emulsion Powders $1.8 B Vinamul Trespaphan DH Actives Acetex Nylon Estech JV Divestitures APL (pending) Acrylates Emulsions Greece PBI COC ($1.8 B) Fuel Cells 1Data from the year in which the transaction occurred 8
  • 9. Focus and strengthen portfolio % Revenue from Products Holding % Revenue from Specialty Businesses #1 or #2 Position 2000 2006E1,2 2000 2006E1 ~95% Nutrinova Total Revenue $6.2 B ~70% Acetate 5%3 Total Revenue Ticona $4.9 B Nutrinova 40% Acetate 33% Ticona 31% Chemical Chemical Products Products 55% 36% Specialty Products Differentiated Intermediates 1Includes oxo alcohol and polyol derivative divestiture and pending APL acquisition 2~95% #1 or #2 with the planned 2007 closure of all Celanese methanol production Non-differentiated Intermediates 3Primarily methanol and formaldehyde revenue 9
  • 10. Productivity on the bottom line Total Employees; EBITDA Celanese Operational 2000-20061 Excellence 1,400 120 > 6-year track record of execution 1,200 100 > Continue capture of Celanese 1,000 specific opportunities Operating EBITDA ($000) % reduction versus yr-end 80 = ~$80 million in additional CE 2000 (ex M&A) 800 specific savings in 2007 60 600 > Ongoing productivity to more 40 than offset inflation 400 > Continuing growth in existing 20 200 assets > Synergies to enable growth 0 0 2000 2001 2002 2003 2004 2005 2006E through future acquisitions EBITDA Number of Employees Relentless productivity improvements 1Excludes oxo alcohol and polyol derivative divestiture and pending APL acquisition Note: EBITDA references are Operating EBITDA, as defined by the Company, unless otherwise noted 10
  • 11. Significantly improved earnings profile since 2000 Operating EBITDA Growth1 ~1,200 2000 – 2006E ($MM) 40-45 110-115 90-95 125-130 300-310 528 Cost Increase in Portfolio 2006E Baseline 2000 Volume Margin Reduction net Earnings from Optimization of Inflation Affiliates Based on Celanese estimates 1Excludes oxo alcohol and polyol derivative divestiture and pending APL acquisition All numbers are based on CE estimates 11
  • 12. Enterprise value growth leads peer group Celanese Enterprise Value Growth Enterprise Value Growth 2000 – 2006YTD Debt and Market 2000 – 2006YTD CAGR Capitalization 22% 8.0 $6.9 B 7.0 CE: 18% CAGR 18% 6.0 14% 2000-2006 EV CAGR 2000-2006 EV ($ B) 5.0 10% 4.0 6% 3.0 $2.5 B 2% 2.0 -2% 1.0 0.0 -6% ICI Eastman Dow PPG Rohm FMC Celanese YE 2000 Current and Market Capitalization Debt Haas Track record of growing value Equity value as of December 8, 2006. Source: Thompson Financial; Company 10Ks 12
  • 13. Execution…Growth…Value > Phase I : Successful Transition – 2000 to 2006 = Execute transformation strategy = Growing Value > Phase II: Deliver Growth – 2007 to 2010 = Build geographic lead: Increase presence in Asia = Grow downstream specialties: Drive business specific opportunities = Align organization: Better address growth opportunities Continue to grow value in excess of the peer group 13
  • 14. 2007 – 2010: Celanese Earnings Growth Strategy Celanese 2010 Objective: $300-$350 million EBITDA Growth Balance Operational Business Specific Asia Sheet Excellence >Nanjing >Evaluate >Productivity Revitalization Innovation Organic Complex capital improvements structure more than offset >Affiliates opportunities inflation > Ticona – new >Acetyls – >Acetate products and continued >Emulsions applications greater than market growth in Acetic Acid and VAM $300 - $350 million in additional EBITDA growth 14
  • 15. Asia: Enhancing Celanese’s geographic lead 2010E Regional Split 2006E Regional Split Europe Europe Revenue Revenue Asia Asia 30-35% 25% Americas Americas Europe Europe Earnings Earnings Asia Asia 45-55% ~30% Americas Americas Approximately 50% of earnings from the fastest growing region *Based on Celanese 2005 consolidated net sales (does not include sales from equity and cost investments). 15
  • 16. Revitalization and acquisition: Acetate drives earnings growth Acetate Operating EBITDA Impact Underway: Acetate 2004 – 2008E > Continue earnings growth through 2008/2009 $250 th ow > Integrate Acetate Products r G s ing Limited (APL) arn $200 E Initiated: Emulsions/PVOH % 00 >1 > Enhance customer and regional $ MM $220 - focus $150 230MM > Reduce product complexity > Drive significant productivity $100 improvement through operational excellence $50 Ongoing: Performance Products 2004 2005 2006E 2007E 2008E > Support customer formulation 1 2 3 development in new products Acetate Seg. EBITDA JV Dividends APL Revitalization opportunities in other businesses 1 EBITDA as reported excluding special charges, Restructuring in Operations, Other charges. 2 JV dividends from cost investments 3Acquisition Pending 16
  • 17. Application and Customer Innovation: Ticona to drive >2x GDP growth Ticona Drive >2x GDP Growth through 2010 Operating EBITDA Growth > Translation of existing polymers to new 2007-2010 markets >$350 MM > Continued Affiliate growth > Innovation and new product development ~$250 MM > Polymer modifications 2010 EBITDA Profile > Accelerating growth in non-automotive 2006E applications EBITDA > Increase automotive market share and pounds per vehicle EBITDA profile increase by ≥ $100 MM by 2010 17
  • 18. Organic growth: Acetyls continued success Celanese Acetic Acid and Vinyl Acetate > Favorable industry dynamics Normalized Growth1996-2008E through 2009 200 180 > Historical “market-plus” growth 160 continues 140 120 > Commercial production from 100 Nanjing begins in 2007 80 60 = $600 - $700 million 1996 1998 2000 2002 2004 2006E 2008E increased revenues from the Acetic Acid VAM GDP Nanjing complex by 2010 Celanese Acetic Acid : 5.1% (6.3%1) Growth CAGR = >$500 million from Acetyls Market Acetic Acid2: 4.6% > Translate vinyl-based emulsions Celanese VAM: 4.4% (5.3%1) success to growing Asian Market VAM2: 3.5% market 1996 – 2008E Global GDP3: 3.1% 1Including the Acetex acquisition 2Source: Tecnon 3Source: CMAI 18
  • 19. Operational Excellence: more than offset inflation Overall Company Productivity1 $ millions (year-over-year cost savings) average fixed cost inflation 2001 2002 2003 2004 2005 2006E 2007 Target Fixed cost reduction Variable and energy improvement Goal for 2007 and beyond: more than offset inflation 1Does not include productivity from divested businesses 19
  • 20. Realigning the businesses to accelerate growth Building Block Differentiated Intermediates Specialty Products Advanced Engineered Engineered Formaldehyde Plastics Materials (AEM) Raw Materials Acetate Anhydride and esters Nutrinova Acetic Acid VAM Emulsions Legend Chemicals Ticona Consumer and Acetyl Acetate Industrial Nutrinova Intermediates Specialties (CIS) 20
  • 21. New organizational alignment 2006 Pro-forma Revenue (est.) = $6.0 Billion1,2 Acetyl Consumer and Industrial Advanced Engineered Intermediates Specialties Materials 2006 Revenue (est): $2.9 billion 2006 Revenue (est): $2.2 billion 2006 Revenue (est): $0.9 billion 2006 Op. EBITDA Margin (est.): ~23%3 2006 Op. EBITDA Margin (est.): ~29%3 2006 Op. EBITDA Margin (est.): ~16% Acetic Acid Ticona and Affiliates Acetate and Industrial Performance Vinyl Acetate Products Affiliates Specialties Acetic Anhydride Other Acetyl Derivatives Emulsions IBN Sina Affiliate PVOH AT Plastics Oxo Alcohol Divestiture 2006 Revenue (est): $0.7 billion 2006 Op. EBITDA Margin (est.): ~10% Increased focus on each business’ growth opportunities 1Includesoxo alcohol and polyol derivative divestiture and excludes pending APL acquisition 2Does not include Other Operating Segment and Intersegment eliminations 3Does not include the additional proportional EBITDA from equity affiliates 21
  • 22. Celanese: Well positioned for growth Primary Growth Focus Balance Operational Group Asia Revitalization Innovation Organic Sheet Excellence Consumer and X X X X Operating EBITDA Industrial Specialties Advanced X X X X Engineered Materials Acetyl X X X Intermediates Celanese EPS X Corporate $300 – $350 million in additional EBITDA plus EPS potential by 2010 22
  • 23. Consumer and Industrial Specialties Doug Madden President, Celanese Acetate, AT Plastics, Emulsions & PVOH 23
  • 24. Consumer and Industrial Specialties Group 2006 Pro-forma Revenue (est.) = $6.0 Billion1,2 Advanced Engineered Acetyl Consumer and Industrial Materials Intermediates Specialties 2006 Revenue (est): $0.9 B 2006 Revenue (est): $2.9 B 2006 Revenue (est): $2.2B 2006 Op. EBITDA Margin(est.):~29%3 2006 Op. EBITDA Margin (est.): ~23%3 2006 Op. EBITDA Margin (est.): ~16% Performance Products Industrial Specialties Acetate and Affiliates 2006 Revenue (est): $1.3 B 2006 Revenue (est): $0.2 B 2006 Revenue (est): $0.7 B 2006 Op. EBITDA Margin (est.): ~10% 2006 Op. EBITDA Margin (est): ~38% 2006 Op. EBITDA Margin (est.): ~22% Emulsions Oxo Alcohol Divestiture PVOH 2006 Revenue (est): $0.7 B AT Plastics 2006 Op. EBITDA Margin (est.): ~10% Increased focus on each business’ growth opportunities 1Includesoxo alcohol and polyol derivative divestiture; excludes pending APL acquisition 2Does not include Other Operating Segment 3Does not include the additional proportional EBITDA from equity affiliates 24
  • 25. Consumer and Industrial Specialties: A significant opportunity > Consumer and Industrial Specialties background > Proven track record of revitalization and growth in Acetate > Growth and innovation opportunity in Industrial Specialties > Successful life-cycle management in Nutrinova 25
  • 26. Similar business dynamics and earnings growth opportunities 2006E Pro-forma Revenue ► Over 1/3 of total Celanese $6.0B1,2 revenue Acetyl ► All specialty derivatives of Intermediates Acetyl Intermediates Industrial Specialties ► Businesses less sensitive to economic cycles ► Similar consumer / end use dynamics Performance Products ► Stable cash generation Acetate ► Earnings growth through Advanced revitalization and Engineered innovation Materials 1Includes oxo alcohol and polyol derivative divestiture; excludes pending APL acquisition 2Does not include Other Operating Segment 26
  • 27. Aligned to deliver on unmet customer needs Competitive Key Trends CIS Group Differentiator Paints, Coatings & Adhesives (Emulsions/PVOH) > Strong growth in developing markets Industrial Global footprint, > Low VOC requirements Specialties Innovation > Continued growth in convenience items (non-wovens) Food & Beverage (Nutrinova) ≥ Multiple reduced-sugar product offerings Product quality, Performance manufacturing ≥ Blending of sweeteners and flavors to Products enhance taste excellence Filter Media (Acetate) ≥ Strong tobacco growth in Asia Global footprint, Acetate low-cost ≥ Increasing filter length and filter design manufacturing Tailoring innovative solutions 27
  • 28. Major Structural Changes to the Businesses Completed China APL acquisition venture tow announced expansions Launched Acetate Commenced Revitalization construction of Acquired Air Acquired Acquired AT Emulsion plants Products PVOH Vinamul Plastics in China 1999 2006 Divested Acquired Revenue 1999: Revenue 2006: Exited Acetate Emulsion Clariant $1.1B $2.2B Filament Powders Emulsions Improved product portfolio Built the #1 global vinyl-based emulsions business Extended global reach 28
  • 29. Acetate: Revitalization continues to deliver earnings growth 2008 2009 2002 2003 2004 2005 2006 2007 Timeframe > Historical = Modest cash generation > Restructuring/Repositioning = China venture tow expansions Complete = Filament exit / site optimization Complete > Beyond 2007 = Maximize cash generation = Selective & sustainable growth = China venture flake expansion > APL Acquisition (pending) = Integrate the business = Capture synergies 29
  • 30. Acetate Products Limited (APL): A strategic fit Financial Impact Strategic Impact > Acquisition amount: $~110MM1, > Broader customer mix and reach debt free, includes working capital > Brings Flake integration in Europe > 2005E revenue: ~$230MM1 > Adds film business > EBITDA margin: high single digit - > Increases Acetyl internal low double digit historically consumption > Significant synergies expected Improved Operations Footprint North America Europe China Ventures North America Europe 2007E 2007E 2005 to 2007E 2005 2005 Flake 2 sites 1 site Expanded 4 sites 0 sites Tow 2 sites 3 sites Expanded 3 sites 1 site Specialty Film na. 1 site na. na. na. Filament Fully exited na. na. 2 sites na. 1Assumes GBP= $1.87 30
  • 31. Acetate: Uniquely positioned in Asia, particularly China Dividends from China Ventures > Region with largest demand $MM = China represents 30% of $32 global tow market $30 > Above average growth = Tow growth projected at 2- $21 3% per year in China versus 1-2% in NA/EU > Extending leadership = All expansions on-stream early 2007 $2 = Evaluating next stage opportunities 2005 2006E 2007E 2008E Tremendous growth in earnings and cash flow Source: Celanese Estimates 31
  • 32. Acetate: Strong earnings growth continues Consolidated Revenue, $MM $250 $830- t men 870 rove $700 imp $200 % 0 >10 2004 2008E $MM $150 $220 – $230 MM $100 $50 2004 2005 2006E 2007E 2008E Segment EBITDA1 JV Dividends2 APL 3 1 EBITDA as reported excluding special charges, Restructuring in Operations, Other charges. 2 JV dividends from cost investments 3Acquisition Pending 32
  • 33. Industrial specialties: building a premier franchise Looking Ahead: Positioned via Acquisition: Realizing the Potential $200 MM to $1,050 MM ► Continuous improvement - Sales 2006E in MM$ 1.200 selective revitalization 1.000 opportunities 800 ► Technology - Market Driven 600 Innovation 400 ► Globalizing -Translating VAE 200 0 Success to Asia PVOH ('99) Clariant Vinamul Acquired ('02) ('05) business base Invested, Developed, Became Leader ► # 1 vinyl emulsions producer ► New product introduction ► Optimized R&D centers Incremental EBITDA opportunity of ~$50MM 33
  • 34. Optimize / revitalize Industrial Specialties for growth and productivity 2007 2008 2009 Focus on Marketplace Interface Innovation > Enhance customer focus > Consolidate sites/ capability > Reduce complexity > Accelerate Six Sigma Focus on Operational Excellence Controllables > Capture productivity gains > Consolidate operations > Streamline supply chain > Standardize processes, redesign workflows 34
  • 35. Translating Vinyl Acetate success to Asia Global Latex Emulsions Market1 2.0 Why China and Why Vinyls? 1.8 1.8 > Demand in China growing at 1.6 >10% Regional Size (B tonnes) 1.3 1.4 > Diverse end-market 1.2 segments 1.0 > Good value proposition 0.7 0.8 versus competitive systems 0.6 > Meets low VOC requirements 0.4 0.2 0.0 US Europe China Vinyls 100% acrylic Styrene acrylics 1Excludes SBR, other minor latexes & powders Source: Kline Synthetic Latex Polymers Market Analysis Europe 2005, North America 2004 and China 2006 35
  • 36. Translating Vinyl Acetate success to Asia VAE Case Study Global VAE Volume 300 Celanese Advantages in VAE 250 > Formulation expertise 200 > Technological superiority kt 150 > Monomer integration 100 ~50% ~25% > Local production assets 50 > Celanese Nanjing VAE 0 plant close to demand USA Europe China 2005 Celanese Share of Sales1 2010 projected China 2010 projected Celanese China Well positioned to drive VAE growth in China 1 Kline Synthetic Latex Polymers Market Analysis Europe 2005, North America 2004 and China 2006 36
  • 37. Stable earnings and cash flow from Performance Products (Nutrinova) > Food ingredient business: = High intensity sweetener Sunett® End-Use Applications (Sunett®) = Food protection ingredients (Sorbates) Confections/ Gums Beverages > Blends with flavors/other sweeteners drive penetration 15% 74% > Leading global position with key customers: 11% = Coca Cola, Wrigley, Pepsi, Kraft, Other Cadbury (Adams / Schweppes) 37
  • 38. Consumer and Industrial Specialties Delivering Sustainable Earnings Improvement ≥ $450 MM s factor s ucces S ~$350 MM Achieve ≥ $ 100mm in Earnings Growth > Acetate – Revitalization, China growth and APL acquisition 2010 2006E EBITDA > Emulsions/PVOH – Technology, substitution, growth regions EBITDA Profile > Nutrinova – Grow volumes, formulation development > Collectively – Attractive, Growing and Profitable EBITDA profile increases ≥$100 MM by 2010 38
  • 39. Advanced Engineered Materials Lyndon Cole Executive Vice President & President Ticona 39
  • 40. New organizational alignment 2006 Pro-forma Revenue (est.) = $6.0 Billion1,2 Advanced Engineered Acetyl Consumer and Industrial Intermediates Specialties Materials 2006 Revenue (est): $2.9 B 2006 Revenue (est): $2.2 B 2006 Revenue (est): $0.9 B 2006 Op. EBITDA Margin (est.): ~23%3 2006 Op. EBITDA Margin (est.): ~16% 2006 Op. EBITDA Margin (est.): ~29%3 Acetate and Industrial Performance Ticona and Affiliates Products Affiliates Specialties Oxo Alcohol Divestiture 2006 Revenue (est): $0.7 B 2006 Op. EBITDA Margin (est.): ~10% Increased focus on each business’ growth opportunities 1Includesoxo alcohol and polyol derivative divestiture; excludes pending APL acquisition 2Does not include Other Operating Segment 3Does not include the additional proportional EBITDA from equity affiliates 40
  • 41. Advanced Engineered Materials is well positioned for continued growth > Established track record for profitable growth > Advanced Engineered Materials business model > Growth expectations 41
  • 42. Five-year track record of earnings growth AEM Operating EBITDA1 300 > Substantial volume $30 Operating EBITDA 2001-2006 ($MM) ~$250 growth ($10) 250 $50 > Regional growth $130 200 through affiliates > Cost reductions help 150 to offset margin compression 100 $52 > Portfolio optimization 50 enhances earnings profile 0 2001 Volume Affiliates Margin Net Portfolio 2006E of Cost Optimization Reduction and Currency 1 Data based on estimates 42
  • 43. Substantial margin improvement relative to peer group Normalized AEM and peers‘ EBIT 10.0 Delta Ticona Operating Profit as % of Sales vs. Peers'* 5.3 5.0 Impact of affiliate 0.5 dividends further 0.0 average enhances AEM -0.5 -1.2 performance -5.0 -6.2 -10.0 -12.70 -15.0 2001 2002 2003 2004 2005 9M 2006 Peer group: corresponding segments of BASF, DSM, DuPont, GE Plastics, Solvay Plastics Zero line reflects peers average - all figures restated – Ticona figures 2005 without special items and COC effects 43 Excluding effects from Special Charges and other charges
  • 44. Advanced Engineered Materials is well positioned for continued growth > Established track record for profitable growth > Advanced Engineered Materials business model > Growth expectations 44
  • 45. Focus on High Performance Polymers and Thermoplastics Global High Performance Polymer and Engineering Thermoplastics 2006E: ~8 MM tons (2006E Growth = 6 %) € 100 / kg High Performance Polymers (HPP) € 10 / kg 4% Engineering Thermoplastics (ETP) € 3 / kg Performance others = 3 % Standard Polymers 96 % PU = 6 % PET = 5 % ABS, SAN, ASA: 4 % € 1 / kg PVC = 17 % PS, EPS = 9 % PE = 34 % PP = 19 % Range of Products Comprising: PA 6 & PA 66, PA 11 and PA 12, PC, POM, PBT, COPE, PET technical, PPE, COC & COP, UHMW-PE, PPS, LCP, High Performance Nylons, PEEK, PEI, PES & PSU, PTFE & other fluoropolymers 45
  • 46. Strong product portfolio Product #1 or Transportation Electrical Consumer Industrial Medical #2 & & Electronics Appliance Hostaform® X X X X (Polyacetals) GUR® X X X (Ultra-high molecular weight PE) Celanex® X X X X (Polyester Engineering Resins) Vectra® X X X (Liquid Crystal Polymer) Celstran® X X (Long fiber reinforced thermoplastics) Fortron® X X X (Polyphenylensulfide) Leading position in > 80 % of sales 46
  • 47. Exposure to a broad range of end-use markets… Revenue by end use market 2006E~ $920MM Other 6% Alternate Medical 5% Transportation Fabrication 47% 12% Electrical & Industrial 10% Electronics 8% Consumer & Appliance 12% …many with growth in excess of global GDP 47
  • 48. Fueling growth with non-automotive applications AEM Non-Automotive Revenue Growth 600 ≥ Steady overall growth for 8% CAGR: 500 AEM since 2001 = 6% total revenue CAGR 400 Revenue ($MM) ≥ Non-automotive growth is the key driver 300 = 8% CAGR in non- automotive sales since 200 2001 100 ≥ Increased diversity to end- use markets 0 2001 2002 2003 2004 2005 2006E % Non-Automotive Revenue 47% 53% 48
  • 49. Supporting customer growth with global facilities 2006E Sales by Region Asia/Pacific America 50 % 25 % Europe 25% Note: Regional split refers to Ticona sales + Polyplastics sales 49
  • 50. Continuous investment in our global franchises > Core Investments > Affiliate Investments = Increased POM capacity at = Finalized POM capacity in Kelsterbach and Bishop Nantong = Doubled LCP capacity in Shelby = Investing in the largest global PPS plant at Wilmington = Will build a new 20 kt GUR (Fortron Industries) plant in China by 2008 Ticona Core EBITDA Growth1 Affiliate EBITDA Growth2 AEM Equity earnings and dividends 250 60 50 200 EBITDA* ($MM) 40 150 ($MM) 30 100 20 50 10 0 0 2001 2002 2003 2004 2005 2006E 2001 2002 2003 2004 2005 2006E 1 EBITDA as 2 Does not include proportional EBITDA from reported excluding equity earnings and dividends affiliates 50
  • 51. Advanced Engineered Materials is well positioned for continued growth > Established track record for profitable growth > Advanced Engineered Materials business model > Growth expectations 51
  • 52. Comprehensive Approach to Growth Development Process > Polymer modification > Innovation > New polymers for > New product development new existing applications / replacing of competing substrates AEM Products Regional Customer Employees Positioning Relationship > Penetration into existing >Translate existing polymers markets and end-users to new markets existing > Regional growth > Increasing market share and pounds per vehicle existing new Markets 52
  • 53. Well represented in fastest-growth region of the world 2005: 8,100 kt 2010: 10,900 kt Other Global CAGR: 6.2% Other Europe Europe 4% 4% 32% Asia without 30% North Japan 4% 1% America 35% Asia without Europe 3% 2% Japan 31% Asia NA NA without 7% 1% Japan 23% 22% Japan Japan 9% 10% 2005 Regional Exposure Asia Rest of World AEM 50% 50% Market 40% 60% Source: Global Insight, May 2006; SRI Thermoplastics Outlook 2005; Top Right ETP 2005; CE estimates; AMI EU 2005; Freedonia ETP in NA 2006 53
  • 54. Development Processes: Foundation of Performance Business Technology Plan > Reduce innovation > Sets 3-5 year objectives cycle time > Innovation roadmap Gate Process > Improve quality and marketability of products >Minimize > Defines new product development process development risk > Identifies critical issues > Improve efficiency of Six Sigma (DFSS/DMIAC/Lean) development > Tools to resolve critical issues / improve streamline process Processes add rigor to optimize and shorten development cycle 54
  • 55. Accelerating growth with close customer relationships > Key Drivers Development Pipeline since 2004 (Value of customer-driven projects in the pipeline) = Growth Platforms 1.6 = Advanced Acetal 1.4 40% = Advanced High 1.2 Increase Normalized Value Temperature Resins 1.0 0.8 > Translation and application 0.6 development – non Growth platforms 0.4 automotive initiated 0.2 > Continued automotive 0.0 application innovation 4Q 04 1Q 05 2Q 05 3Q 05 3Q 06 2Q 06 4Q 05 1Q 06 Pipeline value has increased 40% since 2004 55
  • 56. AEM products positioned to meet evolving market requirements Safety Fuel Efficiency AEM product Requirements advantages ≥ Safety ≥ Media resistance = Active Safety Systems ≥ Low moisture Light weight – Sensors enable absorption = Intelligent Award winning Intelligent Transportation ≥ Heat distortion Systems Celstran® Large Parts Transportation Systems ≥ High impact ≥ Environmental strength = Energy Efficiency Energy Efficiency = Fuel Efficiency ≥ Excellent creep = Weight strength Reduction ≥ Electrical and die- ≥ Automation, electrical behavior convenience LED in cars – less energy for more comfort and safety 56
  • 57. Automotive Volume Growth Advanced Engineered Materials Advanced Engineered Materials type of resins in lbs per vehicle Sales Volume (metric tons) 2001 Asia1 6 12 2006E North America 2010E 18 Europe Highest 40 Current 2001 2002 2003 2004 2005 2006E Well positioned regionally and increasing penetration per vehicle 1Including affiliates Polyplastics / excluding Kepco and Fortron 57
  • 58. Accelerated growth in non- automotive applications LED applications in Automotive, LED Residential, Public Areas “Hot-Spots” in the kitchen – Cookware Industrial and private cooling devices Filters for Water filtration and Industrial Air pollution Dosage Systems, Tele-Medicine, Medical Surgical devices, Sterile Packaging Performance Fibers for Ballistics, Safety Protection, Engineering ropes Non-Automotive sensors, Lithium-Ion Various Batteries, Electric Shielding Applications 58
  • 59. Incremental growth opportunity : LED Global LED shipments in $ MM > Innovative applications for 12,000 entire portfolio 10,000 > Use up to 90% less energy than R AG %C current technologies 14 8,000 > Reduce carbon emission by ~200 MM tons 6,000 > 10x to 100x longer lifetime than traditional bulb technologies 4,000 > More reliable - no moving parts 2,000 > Less disposable waste materials 0 2005 2006E 2007E 2008E 2009E 2010E 2011E 59
  • 60. Incremental growth opportunity: well positioned to capture global sensor growth World Sensor Demand 90 80 70 60 Process Management Chemical Plant $ billion 50 & Control Systems Management & Control 40 30 20 10 0 Home Electronics and Household Appliances 1995 2000 2005 2010E 2015E Security Systems & Electronics US WE Japan Asia/Pacific ROW Robotics for Home Airline Industry Military Consumer & and Industry Appliances 10% Asia and 6% global annual growth continues through 2010 60
  • 61. ≥2x GDP Growth through 2010 $350 MM ≥ ~$250 MM Achieve >2X GDP growth through: > Innovation and new product development $52 MM > Translation of existing polymers to new markets > Polymer modifications > Current market penetration 2001 2006E 2010 EBITDA EBITDA EBITDA Profile EBITDA profile increase by ≥ $100 MM by 2010 61
  • 62. Opening markets with new applications and offerings Expanding Products - Expanding Expanding New Offerings Functionality Opportunity > Large and small > Improved melt strength Focus on Polymer Chemistry appliances > Improved impact properties > Safety systems > Toughness > Portable > Improved chemical resistance water/irrigation > Expanded processability > Gears > Higher service temperatures > Transportation power systems > Improved surface properties > Fuel systems 2010 and beyond: new offerings enable market growth greater than 2x GDP 62
  • 63. Acetyl Intermediates John O’Dwyer President, Acetyl Intermediates, Celanese Asia 63