3Q 2022 Results
WELL-POSITIONED IN A DYNAMIC MACRO ENVIRONMENT
Distinct Competitive Advantages
Solid Financial Position
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Global Scale and Leading Positions
Diversified sales mix across regions
and businesses
Leading positions in key value chains
World-scale footprint to navigate
regional dynamics
Diverse End-Market Participation
Market verticals growing above GDP
and expanding to $800B by 2025
Accelerating demand for sustainable
and circular solutions
Flexible operating model to quickly
respond to evolving demand trends
Дн
日日日
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Cash & Cash
Equivalents
Revolver
Committed
A/R
Securitization
~$12B
Liquidity
Committed
Bilateral Lines
Healthy Debt and Credit Profile
No substantive debt maturities due
until 2027
Nearly all debt at a fixed rate
Annual net interest expense $0.5B;
down nearly 40% vs. 2019
Investment grade credit ratings
(Baa1/BBB+/BBB)
Robust Cash Flow Generation
EBITDA ($B) CFFO¹($B)
Free Cash Flow Yield (TTM)
Advantaged Assets
65% of production capacity in the cost-
advantaged Americas
2-3x more LPG flexibility in Europe vs.
peers
Dynamic feed flex capabilities to respond
to market dynamics
Operational and Financial Discipline
$12
20%
$11
16%
Low-cost operating model with
top-quartile cost structure vs. peers
Disciplined and balanced approach to
capital allocation
$7
12%
$6
9%
$8
$8
$6
$6
Culture of benchmarking and
best-owner mindset
2019
2020 2021² 3QTTM
2
2019
2020
2021 3QTTM
Strong cash flow generation to support long-term value creation
1) CFFO=Cash provided by (used for) operating activities - continuing operations (GAAP)
2) CFFO and Free Cash Flow Yield for 2021 excludes the impact of the $1B elective pension contribution
DOW
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