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Celanese 2007 Investor Day
December 11, 2007
St. Regis Hotel, New York
Introduction/Agenda
Mark Oberle
Vice President, Investor Relations and Public Affairs
Agenda
    Celanese Corporation 2007 Investor Day
     7:30 a.m.     Registration & Continental Breakfast

     8:30 a.m.     Introduction/Agenda
                   Mark Oberle, Vice President, Investor Relations and Public Affairs

     8:35 a.m.     Pursue. Premier.
                   David Weidman, Chairman & CEO

     9:00 a.m.     Advanced Engineered Materials
                   Sandra Beach Lin, Executive Vice President and President, Ticona

     9:25 a.m.     Consumer and Industrial Specialties
                   Doug Madden, President, Acetate, AT Plastics and Emulsions & PVOH

     9:50 a.m.     Morning Break

     10:00 a.m.    Acetyl Intermediates
                   John J. Gallagher III, Executive Vice President and President, Acetyls and Celanese Asia

     10:25 a.m.    Global Operational Excellence
                   Jim Alder, Senior Vice President, Operations & Technical

     10:50 a.m.    Value Creation
                   Steven Sterin, Senior Vice President and Chief Financial Officer

     11:15 a.m.    Closing Comments & Final Q&A
                   David Weidman, Chairman & CEO

     12:00 p.m.    Luncheon

3
Forward Looking Statements,
    Reconciliation and Use of Non-GAAP
    Measures to U.S. GAAP
    This presentation may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance,
    capital expenditures, financing needs and other information that is not historical information. When used in this presentation, the words “outlook,” “forecast,” “estimates,” “expects,”
    “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking
    statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company will realize these expectations or that these beliefs
    will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release.
    Numerous factors, many of which are beyond the company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. Certain of these
    risk factors are discussed in the company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the
    company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated
    or unanticipated events or circumstances.

    This presentation reflects four performance measures, operating EBITDA, adjusted earnings per share, net debt and adjusted free cash flow as non-U.S. GAAP measures. The most
    directly comparable financial measure presented in accordance with U.S. GAAP in our consolidated financial statements for operating EBITDA is operating profit; for adjusted earnings per
    share is earnings per common share-diluted; for net debt is total debt; and for adjusted free cash flow is cash flow from operations.

    ►Operating EBITDA, a measure used by management to measure performance, is defined as operating profit from continuing operations, plus equity in net earnings from affiliates, other
    income and depreciation and amortization, and further adjusted for other charges and adjustments. We provide guidance on operating EBITDA and are unable to reconcile forecasted
    operating EBITDA to a GAAP financial measure because a forecast of other charges and other adjustments is not practical. Our management believes operating EBITDA is useful to
    investors because it is one of the primary measures our management uses for its planning and budgeting processes and to monitor and evaluate financial and operating results.
    Operating EBITDA is not a recognized term under U.S. GAAP and does not purport to be an alternative to operating profit as a measure of operating performance or to cash flow from
    operations as a measure of liquidity. Because not all companies use identical calculations, this presentation of operating EBITDA may not be comparable to other similarly titled
    measures of other companies. Additionally, operating EBITDA is not intended to be a measure of free cash flow for management’s discretionary use, as it does not consider certain cash
    requirements such as interest payments, tax payments and debt service requirements nor does it represent the amount used in our debt covenants.

    ►Adjusted earnings per share is a measure used by management to measure performance. It is defined as net earnings (loss) available to common shareholders plus preferred
    dividends, adjusted for other charges and adjustments, and divided by the number of basic common shares, diluted preferred shares, and options valued using the treasury method. We
    provide guidance on an adjusted earnings per share basis and are unable to reconcile forecasted adjusted earnings per share to a GAAP financial measure because a forecast of other
    charges and other adjustments is not practical. We believe that the presentation of this non-U.S. GAAP measure provides useful information to management and investors regarding
    various financial and business trends relating to our financial condition and results of operations, and that when U.S. GAAP information is viewed in conjunction with non-U.S. GAAP
    information, investors are provided with a more meaningful understanding of our ongoing operating performance. This non-U.S. GAAP information is not intended to be considered in
    isolation or as a substitute for U.S. GAAP financial information.

    ►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.

    ►Adjusted free cash flow is defined as cash flow from operations less capital expenditures, other productive asset purchases, operating cash from discontinued operations and certain
    other charges. We believe that the presentation of this non-U.S. GAAP measure provides useful information to management and investors regarding changes to the company’s cash
    flow. Our management and credit analysts use adjusted free cash flow to evaluate the company’s liquidity and assess credit quality. This non-U.S. GAAP




4
Pursue. Premier.
David N. Weidman
Chairman and CEO
Who is Celanese?



                                                      Superior Value Creation
                                 Strategy
                                                      ►   Industry Leader
                          Clear focus on growth and
                                value creation
                                                          ●   Geographically balanced
                                                              global positions
         Culture             Leading Global               ●   Diversified end market
     Strong performance   Integrated Producer                 exposure
        built on shared     of Chemicals and
                                                      ►   Strong Cash Generation
        principles and
                          Advanced Materials
          objectives
                                                      ►   Significant Growth
                                                          Capability
                                Execution                 ●   Track record of execution
                          Demonstrated track record
                                                          ●   Clearly defined
                            of delivering results
                                                              opportunities



6
A leading global integrated producer

                                                                    Celanese
                                                     2007 Revenue1:                 $6.5B
                                                     2007 Op. EBITDA Margin (est.): ~20%




            Advanced Engineered                            Consumer and Industrial
                                                                                                   Acetyl Intermediates
                 Materials                                      Specialties
         2007 Revenue1:                                   2007 Revenue1:                       2007 Revenue1:
                                    $1.0 B                                           $2.5 B                               $3.0 B
         2007 Op. EBITDA Margin (est.):~25%               2007 Op. EBITDA Margin (est.):~15%   2007 Op. EBITDA Margin (est.):~25%


        ►                                                 ►                                    ►
             Leading global producer                          Leading global producer              Leading global integrated
             of engineered polymers                           of cellulose acetate                 producer of acetyl products
                                                              products
        ►                                                                                      ►
             Strategic affiliates in Asia                                                          Significant presence in all
                                                          ►   Leading global producer              three major regions
                                                              of vinyl emulsion
                                                              products


    1   Represents 2007 estimated third party net sales
7
An attractive intermediate and
    specialty business model


                                                               Celanese




                                      Commodity   Intermediate          Specialty        Consumer
            Oil & Gas
                                      Chemicals     Products            Products         Products
                                                                                       Motorola
                                                                                     ►
          Exxon                        Dow*         Dow*              Rohm & Haas*
        ►                            ►            ►                 ►
                                                                                     ► Toyota
        ► BP                         ► Lyondell   ► Eastman*        ► ICI*
                                                                                     ► Sherwin-
        ► Shell                      ► Methanex   ► PPG*
                                                                                       Williams
                                                  ► FMC*
                                                                                     ► Siemens
                                                      Celanese
                                          2001                                2007

8   * Celanese internal peer group
Geographically balanced global
      positions and diversified end market
      exposure
                                                                           Paints &
                                                                           Coatings                       Textiles
           Food & Beverage
                                                                           15%                            6%
                            5%

                                                                                                                           Automotive
     Consumer &
                                                                                                                           9%
                                      28%                                   44%               28%
       Industrial
      Adhesives
               4%
                                                                                                                           Consumer &
                                                                                                                           Medical
    Construction                                                                                                           Applications
             7%                                                                                                            11%
                    Chemical
                                                                                                                 Performance
                    Additives
                                                                                                                 Industrial Applications
                           5%                                                                                    4%
                                                                                           Filter Media
                                              Paper &
                                                                                           16%
                                            Packaging
                                                                                                                      Other
                                                    8%                                                                10%
      Notes:
      End market breakdown based on 2007 estimated gross sales
9
      Geographic breakdown based on 2007 estimated gross sales to external customers by destination
Integrated businesses aligned to
     accelerate growth

                      Differentiated Intermediates      Specialty Products
     Building Block


                                                        Acetate
                                                                         Consumer
                                                                         Specialties
                                         Anhydride
                                                                            (CS)
                                                       Nutrinova
                                         and esters

                          Acetic
                           Acid
                                                      Emulsions
                                                                          Industrial
       Raw                                 VAM          PVOH             Specialties
      Materials
                                                                             (IS)
                                                      AT Plastics
                                   Formaldehyde


                                                        Ticona
                                                                          Advanced
                                                      Engineering
                          Acetyl Intermediates                           Engineered
                                                       Polymers
                                   (AI)                                   Materials
                                                                           (AEM)
                                                       Affiliates


10
Strong performance in an uncertain
     business environment


              2007 Updated Guidance                             2008 Initial Outlook
                     Adjusted            Operating           Adjusted            Operating
                       EPS              EBITDA ($MM)           EPS              EBITDA ($MM)
      Current     $3.26 - $3.31       $1,285 - $1,295       $3.35 - $3.65     $1,280 - $1,350

     Previous     $3.10 - $3.20       $1,240 - $1,270

     ►   Execution of growth objectives                 ►    Deliver on growth objectives
     ►   Strong acetyl environment                      ►    Continue to offset inflation through
                                                             Operational Excellence
     ►   Delivering on Operational Excellence
         objectives                                     ►    Volatile raw material environment
                                                             expected to continue
     ►   Mitigating raw material volatility
     ►   Continued strength in Europe and Asia

         Increasing guidance and expecting strong 2008 earnings growth
11
Since 2000, Celanese has executed
     against a simple strategic foundation

                                        FOCUS
                                      Participate in
                                businesses where we have
                                a sustainable competitive
                                        advantage

                                      Celanese              INVESTMENT
           REDEPLOYMENT
         Divest non-core assets and                     Leverage and build on
                                      Strategic
         revitalize underperforming                   advantaged positions that
                                       Pillars
                  businesses                            optimize our portfolio

                                      GROWTH
                                      Aggressively
                                align with our customers
                                   and their markets to
                                     capture growth




12
Today’s portfolio: more resilient and
     less volatile

                  Operating EBITDA Margin
                                                              ►
     25%                                                          Current portfolio provides overall
                                                                  higher level of earnings
                                          20%         20%
                                                              ►   Historic view with today’s
                                   19%          19%
     20%
                                                                  portfolio reflects significantly less
                             17%                19%
            16%                                                   volatility
                  15% 15%                 17%
     15%                                                            Current portfolio range: 15% - 20%
                                    16%
                                                                    Historic portfolio range: 10% - 20%

                                                              ►   One-third of portfolio is new to
     10%    11%          11% 11%
                                                                  the company since 2000
                  10%


                                                              ►   Growth objectives will continue
      5%
                                                                  to bolster portfolio
           2000 2001 2002 2003 2004 2005 2006 2007E
           As Reported      Pro Forma for Current Portfolio

13
Today’s portfolio: higher growth, more
     specialty

                                              Operating EBITDA1

                                                                                                           ►     Strategic growth plans
                                         Advanced Engineered Materials
                                         Consumer and Industrial Specialties
                                                                                                                 continue to accelerate
                                         Acetyl Intermediates
                       1,400
                                                                                                                 earnings of specialty
                                                                                                                 businesses
                       1,200

                                                                                                                 ● Essentially all growth has come
                                                                                 ~45%
                       1,000
       $ in millions




                                                                                                                   from specialty businesses
                                               38%
                                                                                                                 ● Two-thirds of 2010 Growth
                        800
                                                                                                                   Objectives expected from
                        600
                                                                                                                   specialty businesses
                                                                                                           ►     Resulting in:
                        400                                                      ~55%
                                                62%
                                                                                                                 ● Higher growth rates
                        200
                                                                                                                 ● Increased overall earnings
                            -                                                                                      power of the portfolio
                                     2005                            2007E
                                                                                                                 ● Reduced volatility

     12005              and 2007E Operating EBITDA excludes Other Activities of ($122) and ~($100) respectively for the periods presented
14
2010 Growth Objectives are aligned
     with the strategic pillars
                                                  Celanese 2010 Objective:
                                                $350-$400
                                                $300-$350 million EBITDA Growth



                                                                                                            Balance
                                                                                        Operational
           Asia               Revitalization      Innovation        Organic
                                                                                                             Sheet
                                                                                        Excellence
                                                                                                          ► ~$200 million
     ► Nanjing complex       ►APL acquisition                     ► AI: sustained   ► $140 million in
                                                 ► AEM: 9%
                                                                                                            debt pay
                                                                    growth and        estimated cost
                                                  volume growth
       ● Launched              ● Acquired
                                                                                                            down
                                                                    high industry     improvements
         acetic acid
                                 EBITDA          ► Growth in
         and emulsions                                              utilization
                                                                                                          ► Debt
                                                                                    ► Significant
         units                                    ‘green’
                               ● Realizing
                                                                  ► AEM:                                    refinancing
                                                                                      improvement in
                                                  applications
       ● 4 units under           synergies
                                                                                                            to near-
                                                                    increased         energy efficiency
         construction
                             ►Announced plans                                                               investment
                                                                    lbs. per auto
       ● Announced
                                                                                                            grade
                               for Industrial
         compounding
         unit                  Specialties
                                                                                                          ► $400 million
     ► AEM: direct to                                                                                       share
       China                                                                                                repurchase
     ► CS: continued
       growth of
       Acetate venture
                                        Increasing 2010 Growth Objectives
       relationships
                                        by $50 million to $350 - $400 million
15    Exceeding initial expectations
Committed to delivering value creation

                                                          Primary Growth Focus

                                                                                              Balance   Operational    EBITDA
                            Group              Asia   Revitalization   Innovation   Organic
                                                                                               Sheet    Excellence     Impact

                            Consumer and
     EPS Operating EBITDA




                                                X          X              X                                 X
                            Industrial                                                                                >$100MM
                            Specialties
                            Advanced
                                                X                         X           X                     X
                            Engineered                                                                                >$100MM
                            Materials
                            Acetyl
                                                X                                     X                     X         >$100MM
                            Intermediates
                            Celanese                                                                                  Incremental
                                                                                                X           X             EPS
                            Corporate



                                            $350 – $400 million increased EBITDA profile
                                                     plus EPS potential by 2010

16
On track and clear path forward to
     accelerate 2010 Growth Objectives


                     Operating EBITDA Growth Objectives

                                  Advanced Engineered Materials
                     400
                                                                         ►   AEM: volume growth > 2X GDP
                                  Consumer and Industrial Specialties
                                  Acetyl Intermediates
                                                                             through further penetration
                                                                         ►   CIS: Acetate continues
     $ in millions




                                                                             execution on revitalization
                     200
                                                                             strategy; Emulsions/PVOH
                                                                             revitalization commences
                                                                         ►   AI: Nanjing acetic acid plant
                                                                             startup leads integrated complex
                      0
                           2007          2008        2009         2010




17
Asia: enhancing Celanese’s
     geographic lead
                    2007E Regional Split                             2010E Regional Split



                             Revenue                                       Revenue          Asia
                                                           Asia
                                                                                            ~35%
                                                           28%




                             Earnings                                      Earnings
                                                           Asia1                            Asia
                                                           ~33%                             ~50%




            Approximately 50% of earnings from the fastest growing region
     Note: Revenue breakdown based on 2007 estimated net sales
18   1 Earnings breakdown based on 2007 estimated Operating Profit
Asia strategy: high-return growth


            Celanese Nanjing Integrated Complex                Investment Dynamics

                   GUR®       Celstran®                      Total investment: $300 -
                                                         ►
     Warehouse                                  Flare
                    Unit        Unit                         $350 million – over 80%
                                                             complete
       Acetic Anhydride               Vinyl Acetate
                                                             Total revenue: $600 - $800
                                                         ►
             Unit                     Monomer Unit
                                                             million when sold out by
                                                             2010
                                                             Incremental EBITDA: $120 -
                                                         ►
                                           Acetic Acid
                        Utilities /
                                                             $150 million by 2010
                                              Unit
                       Tank Farm
      Emulsions
       Complex

                   Administration &
                                                                 ROIC = 25 – 30%
                                    Compounding
                    Maintenance



19
Operational Excellence: offset inflation
     and drive sustainability objectives

                           Fixed Cost/Reduction Above Inflation
                            $1 billion year overall productivity                        2010 Sustainability Goals
     600
                                                                          Injury rate
                                            Cumulative inflation
      $ million per year




                                                                      Greenhouse gases



                                                                          Air emissions
                                                                                                        2007 progress

                                                                          Waste


                                                                          Energy
           0
                            2001   2002   2003 2004 2005 2006 2007E
                                                                      0                 20         40          60       80
                                          Fixed Cost Reduction                           % Reduction versus 2005




20
Results have led to significant value
      creation

                                                                                                                         Enterprise Value2
                          Cumulative Adjusted Free Cash Flow
                        2,500                                                                        10,000




                        2,000                                                                                8,000




                        1,500
        $ in millions




                                                                                                             6,000




                                                                                             $ in millions
                        1,000                                                                                4,000




                         500                                                                                 2,000




                           0                                                                                    0
                                2000   2001   2002   2003       2004   2005   2006   2007E
                                                                                                                     YE 2000         IPO        Current
                                                            1
                                                                       Cumulative
                                Adjusted free cash flow                                                                                    Equity
                                                                                                                          Net debt


     1 Adjusted free cash flow calculated as cash flow from operations less capital expenditures less other productive asset purchases
     less operating cash from discontinued operations plus certain other charges
21   2 Enterprise value represents market capitalization (Current - as of December 7, 2007) plus net debt and minority interest
Current balance sheet strategy for
     cash deployment

                                                                                           Significant Value Creation
      High
                                                                                           ► Cost reduction &
                                                                                             revitalization projects
                                                                                           ► Asset expansion – high
      Return on Capital Deployed/




                                                                                             growth area
                                                                                           ► Core/bolt-on acquisitions
            Value Creation




                                                                   Returning Cost of Capital
                                                                 Return on of Realizing Value/
                                                                 ►Difficulty Capital – low
                                                                    Asset expansion Deployed/
                                                                 Skills orValue Creation
                                                                          Competencies Required
                                                                    growth area
                                                                 ► Share repurchase
                                             Returning Cash to
                                               Shareholders

                                          ► Dividend
                                          ► Debt repayment
                                          ► Hold cash
      Low
                                                               Difficulty of Realizing Value/
                                    Low                                                                            High
                                                             Skills or Competencies Required
22
Bias for growth and high-return projects


                                                                                           Significant Value Creation
      High
                                                                                           ► Cost reduction &
                                                                                             revitalization projects
                                               ~75% of                                     ► Asset expansion – high
      Return on Capital Deployed/




                                                Capital                                      growth area
                                                                                           ► Core/bolt-on acquisitions
                                              Deployed
            Value Creation




                                                                  Returning Cost of Capital
                                              Since 2005
                                                                 ► Asset expansion – low
                                                                   growth area
                                     14%
                                                                 ► Share repurchase
                                             Returning Cash to
                                               Shareholders

                                          ► Dividend
                                          ► Debt repayment
                                          ► Hold cash
      Low
                                                               Difficulty of Realizing Value/
                                    Low                                                                            High
                                                             Skills or Competencies Required
23
Celanese core values: our DNA
         …sense of urgency…                          …a precondition…
     ►                                           ►
         …performance driven…                        …highest standards…
     ►                                           ►




         …think globally…                    …attract, develop and retain…
     ►                                   ►
         …create growth opportunities…       …continuously learn…
     ►                                   ►
24
Expectations from today’s meeting


         Portfolio is stronger, more resilient
     ►

         It’s the model – not the molecule
     ►

         Ahead of expectations and growth objectives
     ►

         More earnings growth opportunities identified
     ►

         Celanese culture: enabler
     ►




25
Advanced Engineered Materials
Sandra Beach Lin
Executive Vice President and President, Ticona
Advanced Engineered Materials:
     delivering performance driven solutions

                                                                       Celanese
                                                         2007 Revenue1:                $6.5 B
                                                         2007 Op. EBITDA Margin (est.): ~20%



           Advanced Engineered                                  Consumer and Industrial
                                                                                                       Acetyl Intermediates
                Materials                                            Specialties
       2007 Revenue1:                $1.0 B
       2007 Op. EBITDA Margin (est.): ~25%



                                                                            Korea Engineering
                                                                                                          Fortron Industries
                                                    Polyplastics
                   Ticona                                                       Plastics                     Ownership 50%
                                                     Ownership 45%
                                                                                 Ownership 50%

                                                                      2007E Total Affiliate Revenue2     $1.3 B
         > 2X GDP volume growth
     ►
         Comprehensive portfolio of high-performance engineering polymers
     ►
         Innovation in automotive and non-automotive applications drives earnings growth
     ►
         China expansion is platform for further penetration into end-use applications
     ►

     1Represents      2007 estimated third party net sales
27   2Equity   affiliates total revenue not included in AEM results
Well positioned for continued growth


     ►   Premier Franchise
          Differentiated business model
          Sustained performance

     ►   Growth through Innovation and Technology
          Capitalize on Megatrends
          Asia expansion




28
Providing valuable solutions to
     extreme requirements
                                                                     AEM “Sweet Spot”

                                  Excellent                          Intensive Engineering
                                                                 ►
                                                                     Highly Specification-
                                                                 ►
                                  Products                           Driven Functional Parts
                                                                     Leading-Edge
                                                                 ►
                                                                     Technical, Market and
                           Highly engineered polymers –
                                                                     Application Expertise
                            high performance portfolio




                Extreme                        Extraordinary
              Requirements                      Engineering
                                              Collaborative engineering
               Precise applications
                                              right people – right place
                   in complex
                                                     – right time
                  environments




29
Excellent Products: value of technology
     and performance is realized in price

     $100 / kg                                         Price for Performance
      $10 / kg
       $3 / kg
       $100/kg
                                                                                   High-Performance Polymers (HPP)
                                                                            5%
        $10/kg
                                                                                   Engineering Thermoplastics (ETP)
         $3/kg



                                                            others = 2%
                         Performance
           Price Range



                                       Ranges




                                                             PU = 6%
                                                                                       95% Standard Polymers
       $1/ kg                                                PET = 7%

                                                      ABS, SAN, ASA: 3%

                                                                    PS, EPS = 8%
                                                PVC = 17%

                                                PE = 31%                PP = 21%
         $1/kg
                                                             Range of Products



30
High performance product portfolio
     with attributes that customers require

                                          Extreme     Medical    Chemical     Abrasion    Dielectric   Functional
               Product
                                        Temperature   Grade     Resistance   Resistance   Strength     Aesthetics

                                                        ●           ●            ●           ●             ●
     Hostaform®/POM
     (Polyacetals)


                                                        ●           ●            ●           ●
     GUR®
     (Ultra-high molecular weight PE)


                                            ●           ●           ●                        ●             ●
     Celanex®
     (Polyester engineering resins)

     Vectra®
                                            ●           ●           ●                        ●             ●
     (Liquid Crystal Polymer)

     Celstran®
                                            ●                       ●            ●           ●             ●
     (Long fiber reinforced
     thermoplastics)

                                            ●           ●           ●                        ●
     Fortron®
     (Polyphenylensulfide)




31
Extreme Temperature

                                                          Range of Temperature Requirements

                                                   Hostaform®
                                                     GUR®
                                    Riteflex®                                Fortron®, Vectra®,Celstran®
                                                    Celanex
      Critical Part Specification




                                                                                Bulk polymers
                                                                                  PET, PEN
                                                                Bulk polymers
                                                                 PP, PE, PVC



                                                                 Continuous Use Temperature
                                    (40)°F extreme cold                                             600°F extreme heat


                                      Ticona polymers
32
Extreme Requirements: precise
     applications in complex environments

       No Industry Demands More Than Medical Systems

                                              Competitive Products
                              Ticona     High
      Requirements                                    PP         PET
                                       Temp. PA
                               POM
                                +         =            +             +
      FDA compliance

                                +         +            -             =
      Chemical resistance
                                +         =            -             =
      Steam sterilization
                                +         -            -             +
      Dimensional stability
                                +         +            -             -
      Wear resistance

                                +         -            +             +
      FDA drug master file

                               ++                                    =
      Value-in-use                        =            -



             Ticona POM: Only polymer that meets
                      ALL requirements
33
Extraordinary Engineering:
     right people – right place – right time


                   Engineered Polymers Industry Supply Chain

                                     Material and Performance Specifications



                        AEM
        Raw                           Converter      Manufacturer
                                                                      End-use
                     ● Monomer &
       Material                       ● Injection   ● Components
                       polymer
                                                                      Customer
       Supplier                                     ● Finished
                       producer        molding
                     ● Compounder     ● Extrusion    goods




      AEM Solutions – processing expertise and material performance



34
Intellectual capital enables
     performance-driven solutions


                                                                             OEM
                                                                          Specification
                                             Prototype
     Opportunity
     Generation




                   Part Design
                                                         Testing




                                 Modeling & Simulation             Part Validation



               ►     Overall development cycle: 18 - 24 months
               ►     ~70% of Ticona business is specification-based

35
Case study: orthopedic replacement
     joints

                                                                Excellent
                                                                Products
                                                           GUR® UHMW-PE
            Exceptional Defensibility


                                                           Medical grade
                                                       ►
                                                           Abrasion resistance
                                                       ►
                                                           Human cartilage
                                                       ►
                                                           replacement




                                          Extreme                            Extraordinary
                                        Requirements                          Engineering
                                                                           Product chemists –
                                                                       ►
                                            Bio-compatibility
                                        ►
                                                                           bridging requirements and
                                            Wear resistance
                                        ►                                  polymer properties
                                            Impact strength
                                        ►                                  Product stewards –
                                                                       ►
                                                                           ensuring regulatory compliance
                                            FDA compliance
                                        ►
                                                                           Mechanical designers –
                                                                       ►
                                                                           translating the polymer into
                                                                           the molded part


     GUR®: Only engineered polymer approved for hip and knee replacements
36
Broad range of end-use applications to
     targeted niches…
                               Revenue by End-Use 2007E ~ $1 billion
           Medical 5%                                                              Transportation 47%

                                           Other 6%


                                                                                  ● Fuel systems
     ● Drug delivery systems
                                                                                  ● Safety systems
     ● Medical implants
                                                                                  ● Mechanical components


     Alternate Fabrication
             12%
                                                                                        Electrical &
                                                                                      Electronics 8%

                                                      Consumer & Appliance
                                  Industrial 10%
                                                             12%
     ● Emissions filtration
     ● Textiles                                                                   ● Communication systems
                                                                                  ● LED lighting
                                                                                  ● Connectors
                                                      ● Water purification
                               ● Fluid handling       ● Durable household goods
                               ● Gearing              ● Bakeware
37
…requiring a consistent global brand
     experience




              Americas                        Europe                      China
                                   ►   Application development   ► Application development
     ►   Application development
                                   ►   Compound development      ► Compound development
     ►   Compound development
                                   ►   Polymer development       ► Testing
     ►   Polymer development
                                   ►   Testing                   ► Processing optimization
     ►   Testing
                                   ►   Injection molding
     ►   Processing optimization

38
1,000s of products in 1,000s of
     applications across dozens of industries




39
Sustained performance: proven track
     record of revenue and earnings growth

                                          Operating EBITDA and Revenue

                                                                                                                          ►   AEM has consistently
                                         300                                              1,200

                                                                                                                              delivered continued sales
                                                                                                                              and earnings growth
      Operating EBITDA ($ in millions)




                                         225                                              900
                                                                                                                          ►   High energy and raw




                                                                                                Revenue ($ in millions)
                                                                                                                              material costs compressed
                                                                                                                              2007E Operating EBITDA
                                         150                                              600

                                                                                                                                Estimated impact of ~250 – 350
                                                                                                                                bps
                                         75                                               300
                                                                                                                          ►   Volume growth in both
                                                                                                                              automotive and non-
                                                                                                                              automotive applications
                                          0                                               0
                                                                                                                              globally
                                               2002   2003   2004   2005   2006   2007E

                                               Operating EBITDA                    Revenue


40
Strong correlation between value
     delivered and specification strength

                                           Value of Specification
                                                                               Specification Strength
                                                                           ►   Richness of portfolio
                                                                           ►   Long-term customer
                                                            Solvay
                                                                               relationships
                                                                     AEM
     Specification Strength




                                                                           ►   Technical and
                                                              DSM
                                                 DuPont
                                                                               application expertise
                                             BASF
                                           LANXESS
                                                                           ►   Global technical and
                                             DOW SABIC/PC
                                                                               manufacturing presence
                                        Lyondell/Basell
                                    Nova

                                                                           ►   High value-in-use
                                                                               applications
                              SABIC/Core

                                                                           ►   Limited substitute
                                                                               materials
                                                     Value Delivered

41
Premier franchise

                            Relative Financial Performance versus
                                       AEM Peer Group
          15%
                                                                 Celanese AEM                         ►   Fastest earnings growth
            Operating Profit as a % of Sales




                                                                                                      ►   Highest relative
                                                               DSM     DuPont       Solvay
                                                                     SABIC/SIP                            profitability
                                                 GE Plastics            BASF
                                                                                                      ►   EBITDA multiple
                                                   Solvay
                                                                                                          continues to trail peers
                                                  DuPont
                                                                                                          despite continued
                                               Celanese AEM
                                                                                                          earnings strength
                                                    DSM
                                                   BASF


                                                  2003               YTD 2007



     Peer group: corresponding segments of BASF, DSM, DuPont, GE Plastics, Solvay Plastics
     YTD 2007 figures include one quarter of GE plastics, now SABIC/SIP
     AEM results exclude certain other charges, COC divestiture and equity earnings from affiliates
42
Well positioned for continued growth


     ► Premier Franchise
             Differentiated business model
             Sustained performance

     ►   Growth through Innovation and Technology
             Capitalize on Megatrends
         ●

             Asia expansion
         ●




43
Committed to delivering value creation

                                                       Primary Growth Focus

                                                                                           Balance   Operational    EBITDA
                            Group           Asia   Revitalization   Innovation   Organic
                                                                                            Sheet    Excellence     Impact

                            Consumer and
     EPS Operating EBITDA




                                             X          X              X                                 X         >$100MM
                            Industrial
                            Specialties
                            Advanced
                                             X                         X           X                     X         >$100MM
                            Engineered
                            Materials
                            Acetyl
                                             X                                     X                     X         >$100MM
                            Intermediates
                            Celanese                                                                               Incremental
                                                                                             X           X             EPS
                            Corporate




                                         $350 – $400 million increased EBITDA profile
                                                  plus EPS potential by 2010
44
An important contributor to the
     Celanese growth strategy


        Operating EBITDA Growth Objectives
                (versus 2006 Baseline)


                                                      ►   Volume growth > 2X GDP
                 100

                                                      ►   Innovation in automotive and
                                                          non-automotive applications
                                                          drives continued earnings
     $ in millions




                                                          improvement
                     50
                                                      ►   Expansion in China provides
                                                          platform for further penetration
                                                          in end-use applications
                      0
                          2007   2008   2009   2010


45
46
Power
     Empower sustainable
     technologies




47
Technologies to reduce emissions and
     improve fuel efficiency

            Fuel cells



                                                        Alternative renewable fuel
                                                        sources help reduce CO2
            Hybrid-engine systems




            Alternative fuels




            Engine
            combustion
            efficiency

                                       Development      Advanced air management
            Weight
                                         time to full       enhances engine
            reduction
                                    commercialization     combustion efficiency




48
Leading engineered polymers in
     emissions innovation and fuel efficiency
                                                                                   Customer
                                                                                 Requirements
                                                                             ► Chemical  resistance
                                                                             ► Impact resistance
                                                                             ► Dimensional
                                                                               stability
                                                                             ► High heat
                                  Drivers:
                                      Alternative fuels – Bio-fuels
                                  ►
       65 million lbs.                                                        80 million lbs.
                                      Air quality
                                  ►
           acetal                                                                 ETPs
                                      SORE emissions
                                  ►
                                      Legislation – environmental & safety
                                  ►
          in 2006                                                                in 2010




                                                                             Turbocharged Engine
           Fuel Module                 E85 Compatible Polymers
                                                                                 Fortron® PPS
          Hostaform® XF
                                                                                  Air Cooler
49   Source: Celanese estimates
Emissions reduction beyond fuel
     systems

                                        Customer Requirements
     Metallic-look Hostaform®/POM
                                        ► Functional aesthetics
     ►   Eliminates painting/plating    ► Wear resistance
                                        ► Strength
     ►   Reduces VOCs
     ►   Color matching to interior
         painted metallic parts
     ►   Saves $1 to $4 per vehicle




           Significant opportunity: currently only
         ~200,000 out of 120 million doors worldwide
                   use metallic-look POM
50
Safety
     Advance intelligent
     systems



51
Vectra® LCP: Translating connector
     leadership into LED lighting
                                                                         Customer
                                                                       Requirements
                                                                      High flow
                                                                  ►
                                                                      Low emissions
                                                                  ►
                                                                      Dimensional
                                                                  ►
                                                                      stability
                                                                      Pinpoint light
                                                                  ►
                                 Drivers:
                                                                      source
                                     Improved safety
                                 ►
                                     Lower energy consumption
                                 ►
          $5.1 billion                                                $17.4 billion
                                     Miniaturization
                                 ►
                                     Aesthetics
                                 ►
            in 2006                                                     in 2017
                                     Design trends
                                 ►




             Audi A8         Audi R8           LED Street Lamps   Applying Connector
         Daytime Running   54 LEDs per                             Expertise to New
              Lights        Headlamp                                Technologies

52   Source: Philips
Life
     Enhance living
     comfort



53
GUR® UHMW-PE: well positioned to
     provide solutions for global water
     filtration                                                                             Customer
                                                                                          Requirements
                                                                                    ► NSF specification
                                                                                    ► Proprietary binding
                                                                                      agent to boost
                                                                                      filtration efficiency
                                        Drivers:
                                            Population growth
                                        ►
                                            Global requirements
                                        ►
     5.5 billion with                                                               6.1 billion with
                                            Economical alternative to
                                        ►
                                            bottled water
       clean water                                                                    clean water
                                            World Health Organization
                                        ►
     access – 2006                                                                  access – 2015
                                            standards

                                                       20% GUR® Growth




       Shower Filter    Faucet Filter                                               Drinking Water Filter
                                                2000    2003   2006   2008   2010



54
Long history in Asia provides
     competitive advantage

     ►   40 years of experience in Asia through strong affiliate
         relationships
     ►   Strong relationships with our customers in Asia
     ►   Expanding model of local customer support and development
     ►   Full range offering of leading products
     ►   Investing in local manufacturing




55
Nanjing provides platform for Ticona
     growth in Asia


                                                             Fully Integrated Complex
            Celanese Nanjing Integrated Complex

                                                             GUR® and Celstran® unit
                   GUR®       Celstran®                  ►
     Warehouse                                  Flare        construction underway and
                    Unit        Unit
                                                             production expected in 2008
                                                         ►
       Acetic Anhydride               Vinyl Acetate          Recently announced addition
                                                             of new compounding plant at
             Unit                     Monomer Unit
                                                             Nanjing in 2009
                                                         ►   Application development
                                                             center in Shanghai
                                           Acetic Acid
                        Utilities /
                                                         ►   Incremental contribution by
                                              Unit
                       Tank Farm
      Emulsions                                              2010:
       Complex                                                    ~$100 million in annual
                                                              ●
                                                                  sales
                   Administration &
                                    Compounding
                    Maintenance



56
Technologies to reduce particulate
     emissions: coal-fired power plants
                                                                           Customer
                                                                         Requirements
                                                                       Chemical resistance
                                                                   ►
                                                                       High heat
                                                                   ►



                             Drivers:
                                 Increased global power
                             ►
                                 consumption
        1,300 GW                                                         2,100 GW
                                 More coal-fired power plants
                             ►
        coal-fired                                                       coal-fired
                                 Air quality
                             ►
                                 Environmental legislation
                             ►
      power in 2006                                                    power in 2020




         Fortron® PPS      Coal-fired Power Plant Air           Coal-fired Power Plant
         Air Filter Bags          Filter System


57
Coal-fired power plants provide
     significant growth opportunity


                                          ►   Characteristics of filter bags
        Flue Gas Cleaning Bag House for
             Coal-fired Power Plants
                                                Typically 6 inches in diameter and
                                                26 feet in length
                                                Up to 20,000 bags used per house
                                                Life span of 3 to 5 years
                                          ►   Filter bags contain an average
                                              of 4.0 to 4.5 lbs. of Fortron®
                                              PPS
                                          ►   Electricity from coal in China
                                              will increase more than 80% by
                                              2020
                                                2006: 413 GW coal-fired power
                                                2020: 760 GW coal-fired power



58
Significant opportunity for increased
     penetration in high growth region
                                                                                 Advanced Engineered Materials
                       Global Auto Production
                                                                                        Type of Resins
          China

         Japan
                                                                                            6
                                                                            2001
            U.S.

      Germany
                                                                                                      13
                                                                           2007E
           India

       S. Korea
                                                                           2010E                           18
                                    China production
         France
                                     nearly doubles                       Highest
          Brazil
                                     within 5 years                                                                  40
                                                                          Current
          Spain                                                            Model
        Canada                    2006 Production                          China
                                                                                         2.5 Trend
                                                                          Current
                                  Production Growth 2006-2012
        Mexico

                   0      3,000    6,000     9,000    12,000    15,000
                                                                                                Pounds per Vehicle
                        Vehicle Production (Thousand units)

     Source: Global Insight                                              Source: Celanese Estimates



59
Translating auto application expertise
     to Asia
            Select Interior               Fuel Delivery Systems
            Components
                                             Fuel reservoirs
                                         ►
         Instrument clusters
     ►                                       Fuel limit valves
                                         ►
         Metallic-look controls
     ►                                       Roll-over valves
                                         ►
         Safety restraints
     ►                                       Fuel flanges
                                         ►
         Overhead consoles
     ►                                       Fuel pumps
                                         ►




                                                Door Systems
           Structural Parts                  Window lifts
                                         ►

                                             Door locks
                                         ►
         Front-end modules
     ►
                                             Door modules
                                         ►
         Instrument panels
     ►
                                             Power motor housings
                                         ►
         Sunroof systems
     ►


60
Application development requirement:
     a global network to serve global demand



                         Application
                        Development
                           Center
                         Frankfurt             New Application
                                                Development
                                                   Center
       Application
                                                  Shanghai
      Development
        Centers
      Florence, KY
     Auburn Hills, MI




61
Industry recognition of innovation



     Winner Of SPE Innovation Award
     BMW X5
         Celstran® LFRT fender carrier
     ►

     ►   Strong, lightweight




     Winner Of SPE 2007
     Grand Innovation Award
     Mercedes-Benz C-Class
         Vectra® LCP active safety sensor
     ►

     ►   Detects moisture, activates wipers,
         dries brakes

62
AEM is well positioned for continued
     growth

     ►   Premier Franchise
          Differentiated business model
          Sustained performance

     ►   Growth through Innovation and Technology
          Capitalize on Megatrends
          Asia expansion




63
Consumer and Industrial Specialties
Doug Madden
President, Acetate, AT Plastics and Emulsions & PVOH
Consumer and Industrial Specialties:
     value-added specialty businesses

                                                                     Celanese
                                                     2007 Revenue1:                $6.5 B
                                                     2007 Op. EBITDA Margin (est.): ~20%



          Advanced Engineered                              Consumer and Industrial
                                                                                                      Acetyl Intermediates
               Materials                                        Specialties
                                                          2007 Revenue1:                $2.5 B
                                                          2007 Op. EBITDA Margin (est.): ~15%



                               Consumer Specialties                                 Industrial Specialties
                       2007 Revenue1:                                         2007 Revenue1:
                                                               $1.1 B                                          $1.4 B
                       2007 Op. EBITDA Margin (est.):           ~25%          2007 Op. EBITDA Margin (est.):     ~8%


                           Leading global positions in both businesses
                       ►
                           Significant consumers of Acetyl Intermediates products
                       ►
                           Downstream integration mitigates raw material volatility
                       ►
                           GDP+ growth
                       ►

     1Represents   2007 estimated third party net sales
65
Committed to delivering value creation

                                                       Primary Growth Focus

                                                                                           Balance   Operational    EBITDA
                            Group           Asia   Revitalization   Innovation   Organic
                                                                                            Sheet    Excellence     Impact

                            Consumer and
     EPS Operating EBITDA




                                             X          X              X                                 X         >$100MM
                            Industrial
                            Specialties
                            Advanced
                                             X                         X           X                     X         >$100MM
                            Engineered
                            Materials
                            Acetyl
                                             X                                     X                     X         >$100MM
                            Intermediates
                            Celanese                                                                               Incremental
                                                                                             X           X             EPS
                            Corporate




                                         $350 – $400 million increased EBITDA profile
                                                  plus EPS potential by 2010
66
CIS: path to improved earnings


                     Operating EBITDA Growth Objectives
                             (versus 2006 Baseline)                       ►   Ahead of schedule to deliver
                                                                              > $100 million in additional
                     150
                                              >$100 million
                                                                              EBITDA
                                                by 2009
                                                                          ►   Consumer Specialties
                     100                                                        Successful completion of Acetate
     $ in millions




                                                                                revitalization
                                                                                Integration of Acetate Products
                                                                                Limited (APL) acquisition
                      50
                                                                          ►   Industrial Specialties
                                                                                Revitalization of emulsions and PVOH
                                                                                businesses
                       0
                                                                                Innovation in key customer
                            2007       2008        2009        2010             applications
                                                                                Globalization in emerging economies
                       Consumer Specialties      Industrial Specialties


67
Consumer Specialties: stable earnings
     and cash generation

                                                           Consumer and Industrial
                                                                Specialties
                                                          2007 Revenue1:                $2.5 B
                                                          2007 Op. EBITDA Margin (est.): ~15%



                             Consumer Specialties                                                Industrial Specialties
                     2007 Revenue1:                          $1.1 B                      2007 Revenue1:               $1.4 B
                     2007 Op. EBITDA Margin (est.):           ~25%                       2007 Op. EBITDA Margin (est.): ~8%


          Acetate Products
                                                          Nutrinova                 Emulsions             PVOH             AT Plastics
           and Ventures

              Leading global franchises
          ►
              Stable, consistent cash flows
          ►
              Economically stable; minimal earnings volatility
          ►
              Closer to the final consumer
          ►
              Growth opportunities through continued innovation and customer partnerships
          ►


     1Represents   2007 estimated third party net sales
68
Acetate Products: execution of
     strategy continues to deliver earnings growth


      Timeframe                                2004 2005 2006 2007 2008 2009 2010

      ► Restructuring/Repositioning
          China venture tow expansions         Complete
          Filament exit/site optimization             Complete
          China venture flake expansion


      ► APL   Acquisition
                                                                 Complete
         Integrate the business
         Capture/realize synergies

      ► Beyond   2008
         Maximize cash generation
         Selective and sustainable growth
         Next moves: further Asia expansions


69
Successful revitalization and strategy
     progress for Acetate Products
     ►   Significant improvement to manufacturing cost structure
           Consolidated manufacturing footprint to lower-cost regions
           Closed the Edmonton flake plant in 1Q 2007

     ►   Completed planned China venture expansions – more than doubled
           Expanded flake plant in 2Q 2007
           Increased dividend flow in 2007 and 2008E

     ►   Acquired cellulose acetate flake, tow and film business of APL – adding
         ~$250 million in revenue


                            Optimized Operations and Market Focus
                      North America   North America        Europe       Europe    China Ventures
                          2005            2008E             2005        2008E      2005 to 2008E
     Flake                4 sites         2 sites          0 sites      1 site      Expanded
     Tow                  3 sites         2 sites           1 site      2 sites     Expanded
     Filament             2 sites       Fully exited

70
APL Acquisition: a strategic fit

            Acetate Products Limited                               Benefits to Celanese
     ► Acquired                                        ► Customers
                 cellulose acetate flake, tow                          – Broadens mix and reach
       and film business of APL                        ► Integration   – Enables European flake
            Purchase price ~$110 million                 production
            Additional $30 million for synergies       ► Captive consumption - Increases
                                                         downstream integration
     ►2    U.K. manufacturing facilities:
            Spondon                                    ► Procurement
       ●                                                             and logistics – Network
                                                         enhancements
            Little Heath – Closed 3Q 2007
       ●

                                                       ► Synergies    – Full capture by 2008



                                                       Acquisition          ~$20
                                                       Synergies           million
                                                       Manufacturing
                                                   ►

                                                       SG&A
                                                   ►
      Purchased              ~$20                                           ~$20
       EBITDA               million                                        million
                                                       Logistics
                                                   ►



71
Acetate Products: optimized global
     manufacturing footprint

                              Spondon, United Kingdom   Lanaken, Belgium




                                                                           Nantong, China
       Narrows, Virginia



                                                                           Kunming, China



                                                                           Zhuhai, China
      Ocotlan, Mexico




      Flake Production
      Tow Production



                 Only integrated producer in each region of the world
72
Strategically positioned for further
     expansion in growth regions
                                                                   Celanese Share of Global Acetate Tow Market
             Global Acetate Tow Market by Region
                                                                                     (2007E)
                            (2007E)
      60%
                                                                   60%

                                             CAGR 2005 – 2010E
                 2 – 3%




      40%
                                                                   40%


                                1 - 2%



      20%
                                                                   20%
                                               (1 – 2)%



                                                          1 - 2%

       0%                                                           0%
                 Asia          Europe         Americas     ROW
                                                                                                            Total 1
                                                                         Asia 1   Europe   Americas   ROW




                                                     Global Market Size: ~720kt
     1Includesshare attributable to China ventures
     Source: Celanese estimates
73
Consumer Specialties: successful
     revitalization and continued execution
     of current strategy

                                CS Operating EBITDA 2004 – 2010E                                           Acetate Products
                                                                                                       ►
                                                                                                           revitalization
                                                           Growth Objective
                                                                                                           completed in 2007
                      350

                                                                                                           Full synergy capture of
                                                                                                       ►
                      300
                                                                                                           APL acquisition by
                                                                                  Asian Growth1
                                                                                                           2008
                      250
                                                                              European Initiative
                                                                                                           Nutrinova to offset
                                                                                                       ►
      $ in millions




                      200
                                                                                                           price declines with
                                                                                                           volume increases
                                                            North America/Europe Revitalization
                      150
                                                                                                           Modest growth beyond
                                                                                                       ►
                                                                                                           2008:
                      100                                       Acetate Base Operating EBITDA

                                                                                                             Growth in Asia
                       50
                                                                                                             continues at 2-3%
                                                                   Nutrinova Operating EBITDA
                                                                                                             per year
                        0
                                                                                                             Sustainable Operating
                        2004           2005         2006   2007E      2008E        2009E       2010E
                                                                                                             EBITDA

     1Dividends             from cost investments
74
Industrial Specialties: integrated
     technology solutions

                                                            Consumer and Industrial
                                                                 Specialties
                                                           2007 Revenue1:                $2.5 B
                                                           2007 Op. EBITDA Margin (est.): ~15%



                             Consumer Specialties                                          Industrial Specialties
                      2007 Revenue1:               $1.1 B                             2007 Revenue1:               $1.4 B
                      2007 Op. EBITDA Margin (est.):~25%                              2007 Op. EBITDA Margin (est.): ~8%


                    Acetate Products
                                                          Nutrinova             Emulsions             PVOH             AT Plastics
                     and Ventures


                                                                                Significant consumer of Acetyl Intermediates products
                                                                            ►

                                                                                Earnings improvement through revitalization
                                                                            ►

                                                                                Growth opportunities through continued innovation
                                                                            ►
                                                                                and globalization


     1Represents   2007 estimated third party net sales
75
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celanese 2007_investor_day_-_complete

  • 1. Celanese 2007 Investor Day December 11, 2007 St. Regis Hotel, New York
  • 2. Introduction/Agenda Mark Oberle Vice President, Investor Relations and Public Affairs
  • 3. Agenda Celanese Corporation 2007 Investor Day 7:30 a.m. Registration & Continental Breakfast 8:30 a.m. Introduction/Agenda Mark Oberle, Vice President, Investor Relations and Public Affairs 8:35 a.m. Pursue. Premier. David Weidman, Chairman & CEO 9:00 a.m. Advanced Engineered Materials Sandra Beach Lin, Executive Vice President and President, Ticona 9:25 a.m. Consumer and Industrial Specialties Doug Madden, President, Acetate, AT Plastics and Emulsions & PVOH 9:50 a.m. Morning Break 10:00 a.m. Acetyl Intermediates John J. Gallagher III, Executive Vice President and President, Acetyls and Celanese Asia 10:25 a.m. Global Operational Excellence Jim Alder, Senior Vice President, Operations & Technical 10:50 a.m. Value Creation Steven Sterin, Senior Vice President and Chief Financial Officer 11:15 a.m. Closing Comments & Final Q&A David Weidman, Chairman & CEO 12:00 p.m. Luncheon 3
  • 4. Forward Looking Statements, Reconciliation and Use of Non-GAAP Measures to U.S. GAAP This presentation may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures, financing needs and other information that is not historical information. When used in this presentation, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond the company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. Certain of these risk factors are discussed in the company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. This presentation reflects four performance measures, operating EBITDA, adjusted earnings per share, net debt and adjusted free cash flow as non-U.S. GAAP measures. The most directly comparable financial measure presented in accordance with U.S. GAAP in our consolidated financial statements for operating EBITDA is operating profit; for adjusted earnings per share is earnings per common share-diluted; for net debt is total debt; and for adjusted free cash flow is cash flow from operations. ►Operating EBITDA, a measure used by management to measure performance, is defined as operating profit from continuing operations, plus equity in net earnings from affiliates, other income and depreciation and amortization, and further adjusted for other charges and adjustments. We provide guidance on operating EBITDA and are unable to reconcile forecasted operating EBITDA to a GAAP financial measure because a forecast of other charges and other adjustments is not practical. Our management believes operating EBITDA is useful to investors because it is one of the primary measures our management uses for its planning and budgeting processes and to monitor and evaluate financial and operating results. Operating EBITDA is not a recognized term under U.S. GAAP and does not purport to be an alternative to operating profit as a measure of operating performance or to cash flow from operations as a measure of liquidity. Because not all companies use identical calculations, this presentation of operating EBITDA may not be comparable to other similarly titled measures of other companies. Additionally, operating EBITDA is not intended to be a measure of free cash flow for management’s discretionary use, as it does not consider certain cash requirements such as interest payments, tax payments and debt service requirements nor does it represent the amount used in our debt covenants. ►Adjusted earnings per share is a measure used by management to measure performance. It is defined as net earnings (loss) available to common shareholders plus preferred dividends, adjusted for other charges and adjustments, and divided by the number of basic common shares, diluted preferred shares, and options valued using the treasury method. We provide guidance on an adjusted earnings per share basis and are unable to reconcile forecasted adjusted earnings per share to a GAAP financial measure because a forecast of other charges and other adjustments is not practical. We believe that the presentation of this non-U.S. GAAP measure provides useful information to management and investors regarding various financial and business trends relating to our financial condition and results of operations, and that when U.S. GAAP information is viewed in conjunction with non-U.S. GAAP information, investors are provided with a more meaningful understanding of our ongoing operating performance. This non-U.S. GAAP information is not intended to be considered in isolation or as a substitute for U.S. GAAP financial information. ►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. ►Adjusted free cash flow is defined as cash flow from operations less capital expenditures, other productive asset purchases, operating cash from discontinued operations and certain other charges. We believe that the presentation of this non-U.S. GAAP measure provides useful information to management and investors regarding changes to the company’s cash flow. Our management and credit analysts use adjusted free cash flow to evaluate the company’s liquidity and assess credit quality. This non-U.S. GAAP 4
  • 5. Pursue. Premier. David N. Weidman Chairman and CEO
  • 6. Who is Celanese? Superior Value Creation Strategy ► Industry Leader Clear focus on growth and value creation ● Geographically balanced global positions Culture Leading Global ● Diversified end market Strong performance Integrated Producer exposure built on shared of Chemicals and ► Strong Cash Generation principles and Advanced Materials objectives ► Significant Growth Capability Execution ● Track record of execution Demonstrated track record ● Clearly defined of delivering results opportunities 6
  • 7. A leading global integrated producer Celanese 2007 Revenue1: $6.5B 2007 Op. EBITDA Margin (est.): ~20% Advanced Engineered Consumer and Industrial Acetyl Intermediates Materials Specialties 2007 Revenue1: 2007 Revenue1: 2007 Revenue1: $1.0 B $2.5 B $3.0 B 2007 Op. EBITDA Margin (est.):~25% 2007 Op. EBITDA Margin (est.):~15% 2007 Op. EBITDA Margin (est.):~25% ► ► ► Leading global producer Leading global producer Leading global integrated of engineered polymers of cellulose acetate producer of acetyl products products ► ► Strategic affiliates in Asia Significant presence in all ► Leading global producer three major regions of vinyl emulsion products 1 Represents 2007 estimated third party net sales 7
  • 8. An attractive intermediate and specialty business model Celanese Commodity Intermediate Specialty Consumer Oil & Gas Chemicals Products Products Products Motorola ► Exxon Dow* Dow* Rohm & Haas* ► ► ► ► ► Toyota ► BP ► Lyondell ► Eastman* ► ICI* ► Sherwin- ► Shell ► Methanex ► PPG* Williams ► FMC* ► Siemens Celanese 2001 2007 8 * Celanese internal peer group
  • 9. Geographically balanced global positions and diversified end market exposure Paints & Coatings Textiles Food & Beverage 15% 6% 5% Automotive Consumer & 9% 28% 44% 28% Industrial Adhesives 4% Consumer & Medical Construction Applications 7% 11% Chemical Performance Additives Industrial Applications 5% 4% Filter Media Paper & 16% Packaging Other 8% 10% Notes: End market breakdown based on 2007 estimated gross sales 9 Geographic breakdown based on 2007 estimated gross sales to external customers by destination
  • 10. Integrated businesses aligned to accelerate growth Differentiated Intermediates Specialty Products Building Block Acetate Consumer Specialties Anhydride (CS) Nutrinova and esters Acetic Acid Emulsions Industrial Raw VAM PVOH Specialties Materials (IS) AT Plastics Formaldehyde Ticona Advanced Engineering Acetyl Intermediates Engineered Polymers (AI) Materials (AEM) Affiliates 10
  • 11. Strong performance in an uncertain business environment 2007 Updated Guidance 2008 Initial Outlook Adjusted Operating Adjusted Operating EPS EBITDA ($MM) EPS EBITDA ($MM) Current $3.26 - $3.31 $1,285 - $1,295 $3.35 - $3.65 $1,280 - $1,350 Previous $3.10 - $3.20 $1,240 - $1,270 ► Execution of growth objectives ► Deliver on growth objectives ► Strong acetyl environment ► Continue to offset inflation through Operational Excellence ► Delivering on Operational Excellence objectives ► Volatile raw material environment expected to continue ► Mitigating raw material volatility ► Continued strength in Europe and Asia Increasing guidance and expecting strong 2008 earnings growth 11
  • 12. Since 2000, Celanese has executed against a simple strategic foundation FOCUS Participate in businesses where we have a sustainable competitive advantage Celanese INVESTMENT REDEPLOYMENT Divest non-core assets and Leverage and build on Strategic revitalize underperforming advantaged positions that Pillars businesses optimize our portfolio GROWTH Aggressively align with our customers and their markets to capture growth 12
  • 13. Today’s portfolio: more resilient and less volatile Operating EBITDA Margin ► 25% Current portfolio provides overall higher level of earnings 20% 20% ► Historic view with today’s 19% 19% 20% portfolio reflects significantly less 17% 19% 16% volatility 15% 15% 17% 15% Current portfolio range: 15% - 20% 16% Historic portfolio range: 10% - 20% ► One-third of portfolio is new to 10% 11% 11% 11% the company since 2000 10% ► Growth objectives will continue 5% to bolster portfolio 2000 2001 2002 2003 2004 2005 2006 2007E As Reported Pro Forma for Current Portfolio 13
  • 14. Today’s portfolio: higher growth, more specialty Operating EBITDA1 ► Strategic growth plans Advanced Engineered Materials Consumer and Industrial Specialties continue to accelerate Acetyl Intermediates 1,400 earnings of specialty businesses 1,200 ● Essentially all growth has come ~45% 1,000 $ in millions from specialty businesses 38% ● Two-thirds of 2010 Growth 800 Objectives expected from 600 specialty businesses ► Resulting in: 400 ~55% 62% ● Higher growth rates 200 ● Increased overall earnings - power of the portfolio 2005 2007E ● Reduced volatility 12005 and 2007E Operating EBITDA excludes Other Activities of ($122) and ~($100) respectively for the periods presented 14
  • 15. 2010 Growth Objectives are aligned with the strategic pillars Celanese 2010 Objective: $350-$400 $300-$350 million EBITDA Growth Balance Operational Asia Revitalization Innovation Organic Sheet Excellence ► ~$200 million ► Nanjing complex ►APL acquisition ► AI: sustained ► $140 million in ► AEM: 9% debt pay growth and estimated cost volume growth ● Launched ● Acquired down high industry improvements acetic acid EBITDA ► Growth in and emulsions utilization ► Debt ► Significant units ‘green’ ● Realizing ► AEM: refinancing improvement in applications ● 4 units under synergies to near- increased energy efficiency construction ►Announced plans investment lbs. per auto ● Announced grade for Industrial compounding unit Specialties ► $400 million ► AEM: direct to share China repurchase ► CS: continued growth of Acetate venture Increasing 2010 Growth Objectives relationships by $50 million to $350 - $400 million 15 Exceeding initial expectations
  • 16. Committed to delivering value creation Primary Growth Focus Balance Operational EBITDA Group Asia Revitalization Innovation Organic Sheet Excellence Impact Consumer and EPS Operating EBITDA X X X X Industrial >$100MM Specialties Advanced X X X X Engineered >$100MM Materials Acetyl X X X >$100MM Intermediates Celanese Incremental X X EPS Corporate $350 – $400 million increased EBITDA profile plus EPS potential by 2010 16
  • 17. On track and clear path forward to accelerate 2010 Growth Objectives Operating EBITDA Growth Objectives Advanced Engineered Materials 400 ► AEM: volume growth > 2X GDP Consumer and Industrial Specialties Acetyl Intermediates through further penetration ► CIS: Acetate continues $ in millions execution on revitalization 200 strategy; Emulsions/PVOH revitalization commences ► AI: Nanjing acetic acid plant startup leads integrated complex 0 2007 2008 2009 2010 17
  • 18. Asia: enhancing Celanese’s geographic lead 2007E Regional Split 2010E Regional Split Revenue Revenue Asia Asia ~35% 28% Earnings Earnings Asia1 Asia ~33% ~50% Approximately 50% of earnings from the fastest growing region Note: Revenue breakdown based on 2007 estimated net sales 18 1 Earnings breakdown based on 2007 estimated Operating Profit
  • 19. Asia strategy: high-return growth Celanese Nanjing Integrated Complex Investment Dynamics GUR® Celstran® Total investment: $300 - ► Warehouse Flare Unit Unit $350 million – over 80% complete Acetic Anhydride Vinyl Acetate Total revenue: $600 - $800 ► Unit Monomer Unit million when sold out by 2010 Incremental EBITDA: $120 - ► Acetic Acid Utilities / $150 million by 2010 Unit Tank Farm Emulsions Complex Administration & ROIC = 25 – 30% Compounding Maintenance 19
  • 20. Operational Excellence: offset inflation and drive sustainability objectives Fixed Cost/Reduction Above Inflation $1 billion year overall productivity 2010 Sustainability Goals 600 Injury rate Cumulative inflation $ million per year Greenhouse gases Air emissions 2007 progress Waste Energy 0 2001 2002 2003 2004 2005 2006 2007E 0 20 40 60 80 Fixed Cost Reduction % Reduction versus 2005 20
  • 21. Results have led to significant value creation Enterprise Value2 Cumulative Adjusted Free Cash Flow 2,500 10,000 2,000 8,000 1,500 $ in millions 6,000 $ in millions 1,000 4,000 500 2,000 0 0 2000 2001 2002 2003 2004 2005 2006 2007E YE 2000 IPO Current 1 Cumulative Adjusted free cash flow Equity Net debt 1 Adjusted free cash flow calculated as cash flow from operations less capital expenditures less other productive asset purchases less operating cash from discontinued operations plus certain other charges 21 2 Enterprise value represents market capitalization (Current - as of December 7, 2007) plus net debt and minority interest
  • 22. Current balance sheet strategy for cash deployment Significant Value Creation High ► Cost reduction & revitalization projects ► Asset expansion – high Return on Capital Deployed/ growth area ► Core/bolt-on acquisitions Value Creation Returning Cost of Capital Return on of Realizing Value/ ►Difficulty Capital – low Asset expansion Deployed/ Skills orValue Creation Competencies Required growth area ► Share repurchase Returning Cash to Shareholders ► Dividend ► Debt repayment ► Hold cash Low Difficulty of Realizing Value/ Low High Skills or Competencies Required 22
  • 23. Bias for growth and high-return projects Significant Value Creation High ► Cost reduction & revitalization projects ~75% of ► Asset expansion – high Return on Capital Deployed/ Capital growth area ► Core/bolt-on acquisitions Deployed Value Creation Returning Cost of Capital Since 2005 ► Asset expansion – low growth area 14% ► Share repurchase Returning Cash to Shareholders ► Dividend ► Debt repayment ► Hold cash Low Difficulty of Realizing Value/ Low High Skills or Competencies Required 23
  • 24. Celanese core values: our DNA …sense of urgency… …a precondition… ► ► …performance driven… …highest standards… ► ► …think globally… …attract, develop and retain… ► ► …create growth opportunities… …continuously learn… ► ► 24
  • 25. Expectations from today’s meeting Portfolio is stronger, more resilient ► It’s the model – not the molecule ► Ahead of expectations and growth objectives ► More earnings growth opportunities identified ► Celanese culture: enabler ► 25
  • 26. Advanced Engineered Materials Sandra Beach Lin Executive Vice President and President, Ticona
  • 27. Advanced Engineered Materials: delivering performance driven solutions Celanese 2007 Revenue1: $6.5 B 2007 Op. EBITDA Margin (est.): ~20% Advanced Engineered Consumer and Industrial Acetyl Intermediates Materials Specialties 2007 Revenue1: $1.0 B 2007 Op. EBITDA Margin (est.): ~25% Korea Engineering Fortron Industries Polyplastics Ticona Plastics Ownership 50% Ownership 45% Ownership 50% 2007E Total Affiliate Revenue2 $1.3 B > 2X GDP volume growth ► Comprehensive portfolio of high-performance engineering polymers ► Innovation in automotive and non-automotive applications drives earnings growth ► China expansion is platform for further penetration into end-use applications ► 1Represents 2007 estimated third party net sales 27 2Equity affiliates total revenue not included in AEM results
  • 28. Well positioned for continued growth ► Premier Franchise Differentiated business model Sustained performance ► Growth through Innovation and Technology Capitalize on Megatrends Asia expansion 28
  • 29. Providing valuable solutions to extreme requirements AEM “Sweet Spot” Excellent Intensive Engineering ► Highly Specification- ► Products Driven Functional Parts Leading-Edge ► Technical, Market and Highly engineered polymers – Application Expertise high performance portfolio Extreme Extraordinary Requirements Engineering Collaborative engineering Precise applications right people – right place in complex – right time environments 29
  • 30. Excellent Products: value of technology and performance is realized in price $100 / kg Price for Performance $10 / kg $3 / kg $100/kg High-Performance Polymers (HPP) 5% $10/kg Engineering Thermoplastics (ETP) $3/kg others = 2% Performance Price Range Ranges PU = 6% 95% Standard Polymers $1/ kg PET = 7% ABS, SAN, ASA: 3% PS, EPS = 8% PVC = 17% PE = 31% PP = 21% $1/kg Range of Products 30
  • 31. High performance product portfolio with attributes that customers require Extreme Medical Chemical Abrasion Dielectric Functional Product Temperature Grade Resistance Resistance Strength Aesthetics ● ● ● ● ● Hostaform®/POM (Polyacetals) ● ● ● ● GUR® (Ultra-high molecular weight PE) ● ● ● ● ● Celanex® (Polyester engineering resins) Vectra® ● ● ● ● ● (Liquid Crystal Polymer) Celstran® ● ● ● ● ● (Long fiber reinforced thermoplastics) ● ● ● ● Fortron® (Polyphenylensulfide) 31
  • 32. Extreme Temperature Range of Temperature Requirements Hostaform® GUR® Riteflex® Fortron®, Vectra®,Celstran® Celanex Critical Part Specification Bulk polymers PET, PEN Bulk polymers PP, PE, PVC Continuous Use Temperature (40)°F extreme cold 600°F extreme heat Ticona polymers 32
  • 33. Extreme Requirements: precise applications in complex environments No Industry Demands More Than Medical Systems Competitive Products Ticona High Requirements PP PET Temp. PA POM + = + + FDA compliance + + - = Chemical resistance + = - = Steam sterilization + - - + Dimensional stability + + - - Wear resistance + - + + FDA drug master file ++ = Value-in-use = - Ticona POM: Only polymer that meets ALL requirements 33
  • 34. Extraordinary Engineering: right people – right place – right time Engineered Polymers Industry Supply Chain Material and Performance Specifications AEM Raw Converter Manufacturer End-use ● Monomer & Material ● Injection ● Components polymer Customer Supplier ● Finished producer molding ● Compounder ● Extrusion goods AEM Solutions – processing expertise and material performance 34
  • 35. Intellectual capital enables performance-driven solutions OEM Specification Prototype Opportunity Generation Part Design Testing Modeling & Simulation Part Validation ► Overall development cycle: 18 - 24 months ► ~70% of Ticona business is specification-based 35
  • 36. Case study: orthopedic replacement joints Excellent Products GUR® UHMW-PE Exceptional Defensibility Medical grade ► Abrasion resistance ► Human cartilage ► replacement Extreme Extraordinary Requirements Engineering Product chemists – ► Bio-compatibility ► bridging requirements and Wear resistance ► polymer properties Impact strength ► Product stewards – ► ensuring regulatory compliance FDA compliance ► Mechanical designers – ► translating the polymer into the molded part GUR®: Only engineered polymer approved for hip and knee replacements 36
  • 37. Broad range of end-use applications to targeted niches… Revenue by End-Use 2007E ~ $1 billion Medical 5% Transportation 47% Other 6% ● Fuel systems ● Drug delivery systems ● Safety systems ● Medical implants ● Mechanical components Alternate Fabrication 12% Electrical & Electronics 8% Consumer & Appliance Industrial 10% 12% ● Emissions filtration ● Textiles ● Communication systems ● LED lighting ● Connectors ● Water purification ● Fluid handling ● Durable household goods ● Gearing ● Bakeware 37
  • 38. …requiring a consistent global brand experience Americas Europe China ► Application development ► Application development ► Application development ► Compound development ► Compound development ► Compound development ► Polymer development ► Testing ► Polymer development ► Testing ► Processing optimization ► Testing ► Injection molding ► Processing optimization 38
  • 39. 1,000s of products in 1,000s of applications across dozens of industries 39
  • 40. Sustained performance: proven track record of revenue and earnings growth Operating EBITDA and Revenue ► AEM has consistently 300 1,200 delivered continued sales and earnings growth Operating EBITDA ($ in millions) 225 900 ► High energy and raw Revenue ($ in millions) material costs compressed 2007E Operating EBITDA 150 600 Estimated impact of ~250 – 350 bps 75 300 ► Volume growth in both automotive and non- automotive applications 0 0 globally 2002 2003 2004 2005 2006 2007E Operating EBITDA Revenue 40
  • 41. Strong correlation between value delivered and specification strength Value of Specification Specification Strength ► Richness of portfolio ► Long-term customer Solvay relationships AEM Specification Strength ► Technical and DSM DuPont application expertise BASF LANXESS ► Global technical and DOW SABIC/PC manufacturing presence Lyondell/Basell Nova ► High value-in-use applications SABIC/Core ► Limited substitute materials Value Delivered 41
  • 42. Premier franchise Relative Financial Performance versus AEM Peer Group 15% Celanese AEM ► Fastest earnings growth Operating Profit as a % of Sales ► Highest relative DSM DuPont Solvay SABIC/SIP profitability GE Plastics BASF ► EBITDA multiple Solvay continues to trail peers DuPont despite continued Celanese AEM earnings strength DSM BASF 2003 YTD 2007 Peer group: corresponding segments of BASF, DSM, DuPont, GE Plastics, Solvay Plastics YTD 2007 figures include one quarter of GE plastics, now SABIC/SIP AEM results exclude certain other charges, COC divestiture and equity earnings from affiliates 42
  • 43. Well positioned for continued growth ► Premier Franchise Differentiated business model Sustained performance ► Growth through Innovation and Technology Capitalize on Megatrends ● Asia expansion ● 43
  • 44. Committed to delivering value creation Primary Growth Focus Balance Operational EBITDA Group Asia Revitalization Innovation Organic Sheet Excellence Impact Consumer and EPS Operating EBITDA X X X X >$100MM Industrial Specialties Advanced X X X X >$100MM Engineered Materials Acetyl X X X >$100MM Intermediates Celanese Incremental X X EPS Corporate $350 – $400 million increased EBITDA profile plus EPS potential by 2010 44
  • 45. An important contributor to the Celanese growth strategy Operating EBITDA Growth Objectives (versus 2006 Baseline) ► Volume growth > 2X GDP 100 ► Innovation in automotive and non-automotive applications drives continued earnings $ in millions improvement 50 ► Expansion in China provides platform for further penetration in end-use applications 0 2007 2008 2009 2010 45
  • 46. 46
  • 47. Power Empower sustainable technologies 47
  • 48. Technologies to reduce emissions and improve fuel efficiency Fuel cells Alternative renewable fuel sources help reduce CO2 Hybrid-engine systems Alternative fuels Engine combustion efficiency Development Advanced air management Weight time to full enhances engine reduction commercialization combustion efficiency 48
  • 49. Leading engineered polymers in emissions innovation and fuel efficiency Customer Requirements ► Chemical resistance ► Impact resistance ► Dimensional stability ► High heat Drivers: Alternative fuels – Bio-fuels ► 65 million lbs. 80 million lbs. Air quality ► acetal ETPs SORE emissions ► Legislation – environmental & safety ► in 2006 in 2010 Turbocharged Engine Fuel Module E85 Compatible Polymers Fortron® PPS Hostaform® XF Air Cooler 49 Source: Celanese estimates
  • 50. Emissions reduction beyond fuel systems Customer Requirements Metallic-look Hostaform®/POM ► Functional aesthetics ► Eliminates painting/plating ► Wear resistance ► Strength ► Reduces VOCs ► Color matching to interior painted metallic parts ► Saves $1 to $4 per vehicle Significant opportunity: currently only ~200,000 out of 120 million doors worldwide use metallic-look POM 50
  • 51. Safety Advance intelligent systems 51
  • 52. Vectra® LCP: Translating connector leadership into LED lighting Customer Requirements High flow ► Low emissions ► Dimensional ► stability Pinpoint light ► Drivers: source Improved safety ► Lower energy consumption ► $5.1 billion $17.4 billion Miniaturization ► Aesthetics ► in 2006 in 2017 Design trends ► Audi A8 Audi R8 LED Street Lamps Applying Connector Daytime Running 54 LEDs per Expertise to New Lights Headlamp Technologies 52 Source: Philips
  • 53. Life Enhance living comfort 53
  • 54. GUR® UHMW-PE: well positioned to provide solutions for global water filtration Customer Requirements ► NSF specification ► Proprietary binding agent to boost filtration efficiency Drivers: Population growth ► Global requirements ► 5.5 billion with 6.1 billion with Economical alternative to ► bottled water clean water clean water World Health Organization ► access – 2006 access – 2015 standards 20% GUR® Growth Shower Filter Faucet Filter Drinking Water Filter 2000 2003 2006 2008 2010 54
  • 55. Long history in Asia provides competitive advantage ► 40 years of experience in Asia through strong affiliate relationships ► Strong relationships with our customers in Asia ► Expanding model of local customer support and development ► Full range offering of leading products ► Investing in local manufacturing 55
  • 56. Nanjing provides platform for Ticona growth in Asia Fully Integrated Complex Celanese Nanjing Integrated Complex GUR® and Celstran® unit GUR® Celstran® ► Warehouse Flare construction underway and Unit Unit production expected in 2008 ► Acetic Anhydride Vinyl Acetate Recently announced addition of new compounding plant at Unit Monomer Unit Nanjing in 2009 ► Application development center in Shanghai Acetic Acid Utilities / ► Incremental contribution by Unit Tank Farm Emulsions 2010: Complex ~$100 million in annual ● sales Administration & Compounding Maintenance 56
  • 57. Technologies to reduce particulate emissions: coal-fired power plants Customer Requirements Chemical resistance ► High heat ► Drivers: Increased global power ► consumption 1,300 GW 2,100 GW More coal-fired power plants ► coal-fired coal-fired Air quality ► Environmental legislation ► power in 2006 power in 2020 Fortron® PPS Coal-fired Power Plant Air Coal-fired Power Plant Air Filter Bags Filter System 57
  • 58. Coal-fired power plants provide significant growth opportunity ► Characteristics of filter bags Flue Gas Cleaning Bag House for Coal-fired Power Plants Typically 6 inches in diameter and 26 feet in length Up to 20,000 bags used per house Life span of 3 to 5 years ► Filter bags contain an average of 4.0 to 4.5 lbs. of Fortron® PPS ► Electricity from coal in China will increase more than 80% by 2020 2006: 413 GW coal-fired power 2020: 760 GW coal-fired power 58
  • 59. Significant opportunity for increased penetration in high growth region Advanced Engineered Materials Global Auto Production Type of Resins China Japan 6 2001 U.S. Germany 13 2007E India S. Korea 2010E 18 China production France nearly doubles Highest Brazil within 5 years 40 Current Spain Model Canada 2006 Production China 2.5 Trend Current Production Growth 2006-2012 Mexico 0 3,000 6,000 9,000 12,000 15,000 Pounds per Vehicle Vehicle Production (Thousand units) Source: Global Insight Source: Celanese Estimates 59
  • 60. Translating auto application expertise to Asia Select Interior Fuel Delivery Systems Components Fuel reservoirs ► Instrument clusters ► Fuel limit valves ► Metallic-look controls ► Roll-over valves ► Safety restraints ► Fuel flanges ► Overhead consoles ► Fuel pumps ► Door Systems Structural Parts Window lifts ► Door locks ► Front-end modules ► Door modules ► Instrument panels ► Power motor housings ► Sunroof systems ► 60
  • 61. Application development requirement: a global network to serve global demand Application Development Center Frankfurt New Application Development Center Application Shanghai Development Centers Florence, KY Auburn Hills, MI 61
  • 62. Industry recognition of innovation Winner Of SPE Innovation Award BMW X5 Celstran® LFRT fender carrier ► ► Strong, lightweight Winner Of SPE 2007 Grand Innovation Award Mercedes-Benz C-Class Vectra® LCP active safety sensor ► ► Detects moisture, activates wipers, dries brakes 62
  • 63. AEM is well positioned for continued growth ► Premier Franchise Differentiated business model Sustained performance ► Growth through Innovation and Technology Capitalize on Megatrends Asia expansion 63
  • 64. Consumer and Industrial Specialties Doug Madden President, Acetate, AT Plastics and Emulsions & PVOH
  • 65. Consumer and Industrial Specialties: value-added specialty businesses Celanese 2007 Revenue1: $6.5 B 2007 Op. EBITDA Margin (est.): ~20% Advanced Engineered Consumer and Industrial Acetyl Intermediates Materials Specialties 2007 Revenue1: $2.5 B 2007 Op. EBITDA Margin (est.): ~15% Consumer Specialties Industrial Specialties 2007 Revenue1: 2007 Revenue1: $1.1 B $1.4 B 2007 Op. EBITDA Margin (est.): ~25% 2007 Op. EBITDA Margin (est.): ~8% Leading global positions in both businesses ► Significant consumers of Acetyl Intermediates products ► Downstream integration mitigates raw material volatility ► GDP+ growth ► 1Represents 2007 estimated third party net sales 65
  • 66. Committed to delivering value creation Primary Growth Focus Balance Operational EBITDA Group Asia Revitalization Innovation Organic Sheet Excellence Impact Consumer and EPS Operating EBITDA X X X X >$100MM Industrial Specialties Advanced X X X X >$100MM Engineered Materials Acetyl X X X >$100MM Intermediates Celanese Incremental X X EPS Corporate $350 – $400 million increased EBITDA profile plus EPS potential by 2010 66
  • 67. CIS: path to improved earnings Operating EBITDA Growth Objectives (versus 2006 Baseline) ► Ahead of schedule to deliver > $100 million in additional 150 >$100 million EBITDA by 2009 ► Consumer Specialties 100 Successful completion of Acetate $ in millions revitalization Integration of Acetate Products Limited (APL) acquisition 50 ► Industrial Specialties Revitalization of emulsions and PVOH businesses 0 Innovation in key customer 2007 2008 2009 2010 applications Globalization in emerging economies Consumer Specialties Industrial Specialties 67
  • 68. Consumer Specialties: stable earnings and cash generation Consumer and Industrial Specialties 2007 Revenue1: $2.5 B 2007 Op. EBITDA Margin (est.): ~15% Consumer Specialties Industrial Specialties 2007 Revenue1: $1.1 B 2007 Revenue1: $1.4 B 2007 Op. EBITDA Margin (est.): ~25% 2007 Op. EBITDA Margin (est.): ~8% Acetate Products Nutrinova Emulsions PVOH AT Plastics and Ventures Leading global franchises ► Stable, consistent cash flows ► Economically stable; minimal earnings volatility ► Closer to the final consumer ► Growth opportunities through continued innovation and customer partnerships ► 1Represents 2007 estimated third party net sales 68
  • 69. Acetate Products: execution of strategy continues to deliver earnings growth Timeframe 2004 2005 2006 2007 2008 2009 2010 ► Restructuring/Repositioning China venture tow expansions Complete Filament exit/site optimization Complete China venture flake expansion ► APL Acquisition Complete Integrate the business Capture/realize synergies ► Beyond 2008 Maximize cash generation Selective and sustainable growth Next moves: further Asia expansions 69
  • 70. Successful revitalization and strategy progress for Acetate Products ► Significant improvement to manufacturing cost structure Consolidated manufacturing footprint to lower-cost regions Closed the Edmonton flake plant in 1Q 2007 ► Completed planned China venture expansions – more than doubled Expanded flake plant in 2Q 2007 Increased dividend flow in 2007 and 2008E ► Acquired cellulose acetate flake, tow and film business of APL – adding ~$250 million in revenue Optimized Operations and Market Focus North America North America Europe Europe China Ventures 2005 2008E 2005 2008E 2005 to 2008E Flake 4 sites 2 sites 0 sites 1 site Expanded Tow 3 sites 2 sites 1 site 2 sites Expanded Filament 2 sites Fully exited 70
  • 71. APL Acquisition: a strategic fit Acetate Products Limited Benefits to Celanese ► Acquired ► Customers cellulose acetate flake, tow – Broadens mix and reach and film business of APL ► Integration – Enables European flake Purchase price ~$110 million production Additional $30 million for synergies ► Captive consumption - Increases downstream integration ►2 U.K. manufacturing facilities: Spondon ► Procurement ● and logistics – Network enhancements Little Heath – Closed 3Q 2007 ● ► Synergies – Full capture by 2008 Acquisition ~$20 Synergies million Manufacturing ► SG&A ► Purchased ~$20 ~$20 EBITDA million million Logistics ► 71
  • 72. Acetate Products: optimized global manufacturing footprint Spondon, United Kingdom Lanaken, Belgium Nantong, China Narrows, Virginia Kunming, China Zhuhai, China Ocotlan, Mexico Flake Production Tow Production Only integrated producer in each region of the world 72
  • 73. Strategically positioned for further expansion in growth regions Celanese Share of Global Acetate Tow Market Global Acetate Tow Market by Region (2007E) (2007E) 60% 60% CAGR 2005 – 2010E 2 – 3% 40% 40% 1 - 2% 20% 20% (1 – 2)% 1 - 2% 0% 0% Asia Europe Americas ROW Total 1 Asia 1 Europe Americas ROW Global Market Size: ~720kt 1Includesshare attributable to China ventures Source: Celanese estimates 73
  • 74. Consumer Specialties: successful revitalization and continued execution of current strategy CS Operating EBITDA 2004 – 2010E Acetate Products ► revitalization Growth Objective completed in 2007 350 Full synergy capture of ► 300 APL acquisition by Asian Growth1 2008 250 European Initiative Nutrinova to offset ► $ in millions 200 price declines with volume increases North America/Europe Revitalization 150 Modest growth beyond ► 2008: 100 Acetate Base Operating EBITDA Growth in Asia 50 continues at 2-3% Nutrinova Operating EBITDA per year 0 Sustainable Operating 2004 2005 2006 2007E 2008E 2009E 2010E EBITDA 1Dividends from cost investments 74
  • 75. Industrial Specialties: integrated technology solutions Consumer and Industrial Specialties 2007 Revenue1: $2.5 B 2007 Op. EBITDA Margin (est.): ~15% Consumer Specialties Industrial Specialties 2007 Revenue1: $1.1 B 2007 Revenue1: $1.4 B 2007 Op. EBITDA Margin (est.):~25% 2007 Op. EBITDA Margin (est.): ~8% Acetate Products Nutrinova Emulsions PVOH AT Plastics and Ventures Significant consumer of Acetyl Intermediates products ► Earnings improvement through revitalization ► Growth opportunities through continued innovation ► and globalization 1Represents 2007 estimated third party net sales 75