Latest news with #Materials

Grasims Q4 profit rises 9.2 pc to ₹2,973.3 cr; revenue up 17.33 pc

Mint

23-05-2025

Business
Mint

Grasims Q4 profit rises 9.2 pc to ₹2,973.3 cr; revenue up 17.33 pc

New Delhi, May 23 (PTI) Aditya Birla Group's flagship holding firm Grasim Industries Ltd reported a 9.23 per cent rise in its net profit to ₹ 2,973.26 crore for the March quarter of FY25, and revenue from operations grew 17.33 per cent to ₹ 44,267.26 crore. The company has reported a net profit of ₹ 2,721.81 crore for the March quarter of FY24, and its revenue from operations stood at ₹ 37,727.13 crore, according to a regulatory filing by the company on Thursday. Grasim reported a decline of 21.85 per cent in its net profit to ₹ 7,756.33 crore for the financial year ended March 31, 2025, due to investments in the building Materials business. The company has posted a net profit of ₹ 9,925.65 crore in FY24. Grasim's revenue from operations rose 13.36 per cent to ₹ 1,48,477.89 crore, reaching an all-time high, according to the company. The total consolidated income of Grasim, which controls companies as UltraTech, Aditya Birla Capital and businesses such as textiles, chemicals and Building Materials, stood at ₹ 1,49,936.93 crore, marking an increase of 13.4 per cent from ₹ 1,32,242.58 crore in FY24. "Specifically, the Building Materials and Financial Services businesses delivered a robust performance. EBITDA for the year stood at ₹ 20,023 crore, down by 4 per cent Y-o-Y due to initial investments for building a strong consumer-facing Paints business, Birla Opus," it said. However, profit after tax (PAT) declined due to "higher interest and depreciation charges on account of investments in the Building Materials business," the company said. During the March quarter, Grasim's revenue from its Cellulosic Fibre business rose 7.68 per cent to ₹ 4,050.93 crore. "Domestic sales volumes of CSF (Cellulosic Staple Fibre) grew by 4 per cent Y-o-Y, though overall CSF sales volume stood flat. CFY business recorded volume growth of 3 per cent Y-o-Y, however, realisations remained under pressure due to higher low-priced imports from China on a Y-o-Y basis in an already weak demand market," it said. Its revenue from its Building Material business reported a growth of 20.62 per cent to ₹ 25,232 crore from ₹ 20,918.55 crore in the January-March quarter a year ago. Grasim's 'Building Materials' comprises its cement business UltraTech, its newly launched paints business Birla Opus and its B2B e-commerce business Birla Pivot. "Growth in the cement business (UltraTech) was driven by higher sales volumes, up 17 per cent Y-o-Y to 41.02 million tonnes (Mt). Ready-mix concrete sales volumes grew by 19 per cent Y-o-Y," it said. Similarly, Revenue from the financial services segment -- Aditya Birla Capital Ltd (ABCL) rose 16.3 per cent to ₹ 12,196.79 crore from ₹ 10,483.77 crore in the March quarter a year ago. "Total AUM (AMC, life insurance and health insurance) stood at ₹ 5,11,260 crore, up 17 per cent Y-o-Y. The business D2C platform, ABCD (Aditya Birla Capital Digital), which offers a one-stop solution for a range of financial services fulfilling customers' financial needs, has witnessed a strong response with about 5.5 million customer acquisitions (till Apr-25)," it said. Grasim's revenue from other businesses, which includes Textiles, Renewables, and Insulators was also up 13.67 per cent to ₹ 897.85 crore in March quarter. The board of Directors of Grasim has recommended a dividend of ₹ 10 per equity share of ₹ 2 for the year ended March 31, 2025. Over the outlook, Grasim said its standalone business is undergoing a "strategic transformation, marked by a decisive foray into consumer-facing and digital ventures, in decorative paints and B2B E-commerce for construction materials".

Mint

23-05-2025

Business
Mint

Grasims Q4 profit rises 9.2 pc to ₹2,973.3 cr; revenue up 17.33 pc

Building materials sector in Scotland unites to lay groundwork for government housing push

Scotsman

21-05-2025

Business
Scotsman

Building materials sector in Scotland unites to lay groundwork for government housing push

A skills and recruitment drive across the multi-billion-pound building materials sector, designed to showcase opportunities in areas including Scotland, has been welcomed by Minister of State for Industry, Sarah Jones MP. Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Led by the BMF (Builders Merchants Federation) the Building Materials Careers programme aims to channel talented and ambitious people across the region into the sector. Launched early this year, the initiative centres around the message of 'Make A Material Difference' and is the culmination of more than two years of cross-industry collaboration, harnessing the power of a £51 billion sector with over 1,000 companies joining forces to tackle the recruitment challenges ahead. Advertisement Hide Ad Advertisement Hide Ad Focused on attracting new skills in vital areas of the sector, the campaign, targets school leavers and trainees to attract new recruits into building materials. John Carter, CEO STARK Building Materials UK Ltd It also targets career leavers such as Armed Forces veterans, and career changers, to attract the diversity of skills needed for the future success of the sector in areas including sustainability, innovation and delivering products that can enhance productivity out on building sites. To showcase the opportunities in the sector, BMF members have shared their own experiences and career journeys on the dedicated website to provide a window on the opportunities available. The online portal also includes details of vacancies in the sector. BMF CEO John Newcomb said: 'Manufacturers, suppliers and merchants in the Scotland building materials sector need to be considered as the lifeblood of the construction industry, and our members are laying the groundwork now for the scale up required to meet Government targets. Advertisement Hide Ad Advertisement Hide Ad 'Increased amounts of building materials from bricks and mortar to plasterboard and fixings will be needed by the construction industry if it is to meet the government's pledged 1.5 million homes.' BMF CEO John Newcomb Building Materials Careers builds on the BMF's hugely successful Apprenticeship Pledge, which set a target of securing 15,000 apprenticeship places within the sector by 2030 and exceeded that target in January - five years ahead of schedule. Minister of State for Industry Sarah Jones MP said: 'We are aware of the scale of the skills and workforce challenge in the construction sector and are working to address this across government. 'Initiatives such as 'Make a Material Difference' campaign and the BMF Apprenticeship Pledge' are helpful examples of existing industry programmes in this space, given the importance of both attracting new entrants to the sector and retaining them.' Advertisement Hide Ad Advertisement Hide Ad John Carter, CEO STARK Building Materials UK Ltd, which encompasses brands including Jewson, JP Corry, Normans, Minster and Frazer, also endorsed the campaign. He said: 'Being a professional tradesperson takes a high degree of skill that is often misunderstood and overlooked when you consider a completed building project. It's important to remember they're both craftspeople and business entrepreneurs.

Watch These Applied Materials Levels as Stock Drops on China Sales Slump

Yahoo

16-05-2025

Business
Yahoo

Watch These Applied Materials Levels as Stock Drops on China Sales Slump

Applied Materials shares fell in extended trading Thursday after the chip equipment manufacturer posted quarterly revenue below Wall Street expectations amid a slump in China sales. The stock recently nudged above the upper trendline of a descending channel but has failed to decisively close above the nearby 200-day moving average. Investors should watch key support levels on the Applied Materials chart around $158 and $145, while also monitoring overhead areas near $190 and $ Materials (AMAT) shares fell in extended trading Thursday after the chip equipment manufacturer posted quarterly revenue below Wall Street expectations amid a slump in China sales. Despite the fall in Chinese revenue, which accounted for about a quarter of the company's total sales in the quarter, the firm said it had not seen significant changes to customer demand, adding that it remains well positioned to navigate evolving macro conditions. However, investors remain concerned the U.S. could impose sector specific tariffs on chips and electronics, which have been exempt from import duties since early April. AMAT shares plunged nearly 40% between late January and early April amid concerns that the Trump administration's trade policies, including new AI chip licensing export requirements to China, could affect the company's sales. However, the stock has rallied around 40% from last month's low following a recent trade war truce and ongoing negotiations between the two countries. Below, we take a closer look at the Applied Materials chart and apply technical analysis to identify price levels that investors will likely be watching. Since hitting a record high last July, Applied Materials shares have trended lower within a descending channel. More recently, the stock nudged above the pattern's upper trendline but has failed to decisively close above the nearby 200-day moving average. It's also worth noting that the pre-earnings rally has coincided with the relative strength index moving into overbought territory, setting the stage for profit-taking. Indeed, the shares look set to retrace below the descending channel's lower trendline on Friday's open following the quarterly results. Let's identify two key support levels on the Applied Materials chart where the shares could encounter support while also identifying overhead areas worth monitoring during potential upswings. Applied Materials shares fell nearly 6% in after-hours trading Thursday to around $165. The first lower level to watch sits around $158. The shares could attract buying interest in this area near a brief period of consolidation that preceded last Monday's stock gap, with this location also closely aligning with peaks that formed on the chart in March this year and November 2023. A close below this key technical level could see the shares drop to $145. This region may provide support near a horizontal line that connects a range of corresponding price action on the chart between December 2023 and April this year. During upswings in the stock, it's worth monitoring the $190 area. Investors who have bought shares at lower prices may look for exit points in this region near a trendline that links multiple peaks and troughs on the chart from April last year through to January this year. Finally, further upside traction could propel a move toward $213. This area may provide overhead selling pressure near a range of peaks on the chart ranging from March to October last year. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia

Celanese Corporation Reports First Quarter Earnings

Business Wire

05-05-2025

Business
Business Wire

Celanese Corporation Reports First Quarter Earnings

DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported first quarter 2025 U.S. GAAP diluted loss per share of $0.15 and adjusted earnings per share of $0.57. The Company generated net sales of $2.4 billion in the first quarter, a 1 percent increase from the previous quarter driven by a 2 percent increase in volume, with a small offset in currency. Most end-markets developed as anticipated, with persistent global demand sluggishness, especially in key segments like automotive, paints, coatings, and construction. Celanese continued to drive self-help measures in support of the three strategic priorities of increasing cash to deleverage the balance sheet, intensifying cost improvements, and driving top-line growth through differentiated business models. These actions supported the Company's ability to deliver first quarter consolidated operating profit of $168 million, adjusted EBIT of $234 million, and operating EBITDA of $414 million at margins of 7, 10, and 17 percent, respectively. The results were driven by favorable mix and productivity gains in Engineered Materials, which were partially offset by slightly higher costs and greater than anticipated delays in order timing in the Acetyl Chain. The difference between U.S. GAAP diluted loss per share and adjusted earnings per share in the first quarter was primarily due to Certain Items totaling $43 million 1 and expenses related to refinancing of $32 million. During the first quarter, Celanese implemented multiple new actions, in addition to previously announced plans, to deliver consistent earnings growth and increase cash generation to deleverage the balance sheet in the current dynamic global environment. These actions include the following: Completed a series of transactions, including registered offerings of approximately $2.6 billion aggregate principal of notes, that improved the near-term maturity profile, lowered the blended borrowing rate, and enhanced prepayment flexibility. These transactions enable the Company to better focus on generating free cash flow and proceeds from intended divestitures to manage the maturities due through 2027. Increased the cost reduction targets Celanese expects to achieve in 2025 to approximately $120 million. Previously, the Company announced $80 million in cost reductions, primarily in selling, general, and administrative (SG&A) productivity. In addition, Celanese has identified $40 million in additional cost savings opportunities, which are evenly split between the Engineered Materials business and the Acetyl Chain business. The additional cost reductions in Engineered Materials focus on streamlining areas such as the logistics and distribution network, discretionary spending, and further SG&A optimization. Within the Acetyl Chain, the additional cost reductions focus on plant and distribution productivity. Announced the intention to pursue a complete divestiture of the Micromax ® business, a global manufacturer of electronic pastes and ceramic tapes that is currently within the Engineered Materials portfolio. The business provides solutions across several end-markets, including radar and communications, health and specialty technologies, automotive, and circuit board components. "Our end-markets in the first quarter exhibited dynamics similar to the fourth quarter, and demand in our businesses developed mostly as we expected," said Scott Richardson, president and chief executive officer. "While tariffs are a constant topic, we saw no direct impact in the first quarter. No matter how the demand environment develops over the remainder of the year, our mission is unchanged. We intend to continue driving productivity and earnings growth through execution of our three key priorities, and are taking aggressive actions to generate cash, reduce costs, and drive growth through our two differentiated business models. Our recent refinancing reduced the debt obligations we have in the near term, and supports our goal of using free cash flow and divestiture proceeds to address maturities due through 2027. As you can see from our announcement today, we are focused on completing divestitures and plan to use those proceeds to advance our debt repayment and deleveraging. We will continue to execute bold actions to reestablish Celanese as a top tier company for shareholder returns." First Quarter 2025 Financial Highlights: (1) See "Non-US GAAP Financial Measures" below. Expand First Quarter Business Segment Overview Acetyl Chain The Acetyl Chain delivered first quarter net sales of $1.1 billion, which was a 1 percent sequential increase and attributable to a 3 percent increase in volume that was partially offset by 1 percent declines in both price and currency. The demand environment for the business was similar to the fourth quarter and reflected persistent Western Hemisphere demand weakness. The impact of supply increases in China was similar to the previous quarter, and combined with sluggish Asia demand for paint, coatings, and construction, led to continuing demand challenges. In addition, anticipated delays of order patterns in the acetate tow product line were slightly larger than expected in the first quarter. Despite these headwinds, the business delivered sequential volume increases in other product lines. The business delivered first quarter operating profit of $162 million, adjusted EBIT of $168 million, and operating EBITDA of $229 million at margins of 15, 15, and 21 percent, respectively. As expected, the Acetyl Chain faced earnings headwinds from the delay of a dividend payment from the first quarter to the second quarter, due to a change in Chinese law. The business also experienced slightly higher energy costs in the quarter. The Acetyl Chain continues to take actions to drive consistency of earnings, including announcing a price increase in the vinyls chain in the Western Hemisphere that took effect in late March. Engineered Materials Engineered Materials reported first quarter net sales of $1.3 billion, representing an increase of 1 percent compared to the previous quarter, consisting of a 1 percent increase in both volume and price, partially offset by a 1 percent decline in currency. The business faced a demand environment that was largely similar to the fourth quarter, with stabilizing but not yet normalized demand across most key end-markets. The significant automotive destocking in the Western Hemisphere that began in the second half of 2024 continued through the first quarter, largely reaching more stabilized levels by late March. While sequential global automotive builds were down 10 percent, and most pronounced in Asia, Engineered Material's worldwide automotive volumes grew 5 percent in the same period. Engineered Materials reported first quarter operating profit of $96 million, adjusted EBIT of $126 million, and operating EBITDA of $235 million, with margins of 7, 10, and 18 percent, respectively. Business results were driven by improved mix, evidenced by more favorable sales of medical implant grades due to lower than expected seasonal impacts, as well as increased sales of higher margin, differentiated products. Additionally, the business drove productivity initiatives to achieve lower than expected costs in the quarter. Engineered Materials also continues to upgrade the pipeline growth model. The evolution of the project pipeline model remains central to the Engineered Materials growth strategy as the Company continues to prioritize high impact, high performance, and demanding opportunities that are expected to drive improved earnings. Cash Flow and Tax Celanese reported first quarter operating cash flow of $37 million and free cash flow of ($73) million, which included cash capital expenditures of $102 million. First quarter operating cash flow results were driven by working capital timing items as well as initial progress against inventory reduction goals in Engineered Materials. In the first quarter, Celanese returned $3 million in cash to shareholders via dividends. The effective U.S. GAAP income tax rate was (300) percent for the first quarter resulting from a tax expense combined with a GAAP loss in continuing operations compared with a tax expense of 21 percent for the same quarter in 2024. The effective income tax rate for the first quarter was lower compared to the same period in 2024, primarily due to increases in valuation allowance on U.S. foreign tax credit carryforwards and decreased earnings in the current year. The effective tax rate for adjusted earnings was 9 percent for the first quarter and we anticipate this rate for 2025 based on expected jurisdictional earnings mix for the full year and consideration of other non-recurring U.S. GAAP items. Outlook "The already difficult demand environment has become more uncertain with the developments around tariffs and global trade issues. Our global production network provides us flexibility to manage most of the direct cost impacts of the current tariff conditions. Due to our mitigation preparations, we don't anticipate direct tariff impact in the second quarter," said Scott Richardson. "We expect tailwinds as several non-recurring items from the first quarter do not repeat, including the resumption in the second quarter of the dividend in the Acetyl Chain from our partner in China. We also anticipate slight volume recovery in automotive in the second quarter with more stabilized demand especially in the U.S. and China, as well as a normalization of acetate tow orders after the first quarter timing delays. Given these dynamics, we anticipate second quarter adjusted earnings per share to be $1.30 to $1.50. Still, the potential impacts of tariffs on demand make it difficult to predict earnings for the full year." "In times like these of high uncertainty, the most important lever that we can pull is cash generation to deleverage our balance sheet, and that will remain our top priority. Over the past five years we have averaged approximately $1 billion in free cash flow each year, and I'm confident we can capitalize on that critical capability during these challenging times. Considering the macro-driven earnings uncertainty, cash generation is our emphasis, and we expect to deliver $700 to $800 million of free cash flow in 2025, assuming no meaningful downturn in demand." Reconciliations of forecasted non-GAAP measures such as adjusted earnings per share, adjusted EBIT, operating EBITDA or free cash flow to the equivalent U.S. GAAP measures (diluted earnings per share, net earnings (loss) attributable to Celanese Corporation and net cash provided by (used in) operations, respectively), are not available without unreasonable efforts because a forecast of Certain Items, such as mark-to-market pension gains/losses, and other items is not practical. For more information, see "Non-GAAP Financial Measures" below. The Company's prepared remarks related to the first quarter will be posted on its website at under Financial Information/Financial Document Library on May 5, 2025. Information about Non-US GAAP measures is included in a Non-US GAAP Financial Measures and Supplemental Information document posted on our investor relations website under Financial Information/Non-GAAP Financial Measures. See also "Non-GAAP Financial Measures" below. Celanese Corporation is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs more than 11,000 employees worldwide with 2024 net sales of $10.3 billion. Forward-Looking Statements This release may contain "forward-looking statements," which include information concerning the Company's plans, objectives, goals, strategies, future revenues, cash flow, financial performance, synergies, capital expenditures, deleveraging efforts, planned cost reductions, dividend policy, financing needs and other information that is not historical information. 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 results expressed or implied in the forward-looking statements contained in this release. These risks and uncertainties include, among other things: the ability to successfully achieve planned cost reductions; changes in general economic, business, political and regulatory conditions in the countries or regions in which we operate; the length and depth of product and industry business cycles, particularly in the automotive, electrical, textiles, electronics and construction industries; volatility or changes in the price and availability of raw materials and energy, particularly changes in the demand for, supply of, and market prices of ethylene, methanol, natural gas, carbon monoxide, wood pulp, hexamethylene diamine, Polyamide 66 ("PA66"), polybutylene terephthalate, ethanol, natural gas and fuel oil, and the prices for electricity and other energy sources; the ability to pass increases in raw materials prices, logistics costs and other costs on to customers or otherwise improve margins through price increases; the possibility that we will not be able to realize the anticipated benefits of the Mobility & Materials business (the "M&M Business") we acquired from DuPont de Nemours, Inc. (the "M&M Acquisition"), including synergies and growth opportunities, whether as a result of difficulties arising from the operation of the M&M Business or other unanticipated delays, costs, inefficiencies or liabilities; additional impairments of goodwill or intangible assets; increased commercial, legal or regulatory complexity of entering into, or expanding our exposure to, certain end markets and geographies; risks in the global economy and equity and credit markets and their potential impact on our ability to pay down debt in the future and/or refinance at suitable rates, in a timely manner, or at all; risks and costs associated with increased leverage from the M&M Acquisition, including increased interest expense and potential reduction of business and strategic flexibility; the ability to maintain plant utilization rates and to implement planned capacity additions, expansions and maintenance; the ability to reduce or maintain current levels of production costs and to improve productivity by implementing technological improvements to existing plants; increased price competition and the introduction of competing products by other companies; the ability to identify desirable potential acquisition or divestiture opportunities and to complete such transactions, including obtaining regulatory approvals, consistent with the Company's strategy; market acceptance of our products and technology; compliance and other costs and potential disruption or interruption of production or operations due to accidents, interruptions in sources of raw materials, transportation, logistics or supply chain disruptions, cybersecurity incidents, terrorism or political unrest, public health crises, or other unforeseen events or delays in construction or operation of facilities, including as a result of geopolitical conditions, the direct or indirect consequences of acts of war or conflict (such as the Russia-Ukraine conflict or conflicts in the Middle East) or terrorist incidents or as a result of weather, natural disasters, or other crises; the ability to obtain governmental approvals and to construct facilities on terms and schedules acceptable to the Company; changes in applicable tariffs, duties and trade agreements, tax rates or legislation throughout the world including, but not limited to, anti-dumping and countervailing duties, adjustments, changes in estimates or interpretations or the resolution of tax examinations or audits that may impact recorded or future tax impacts and potential regulatory and legislative tax developments in the United States and other jurisdictions; changes in the degree of intellectual property and other legal protection afforded to our products or technologies, or the theft of such intellectual property; potential liability for remedial actions and increased costs under existing or future environmental, health and safety regulations, including those relating to climate change or other sustainability matters; potential liability resulting from pending or future claims or litigation, including investigations or enforcement actions, or from changes in the laws, regulations or policies of governments or other governmental activities, in the countries in which we operate; our level of indebtedness, which could diminish our ability to raise additional capital to fund operations or limit our ability to react to changes in the economy or the chemicals industry, and the success of our deleveraging efforts, as well as any changes to our credit ratings; changes in currency exchange rates and interest rates; tax rates and changes thereto; and various other factors discussed from time to time 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. Non-GAAP Financial Measures Presentation This document presents the Company's two business segments, Engineered Materials and the Acetyl Chain. Use of Non-US GAAP Financial Information This release uses the following Non-US GAAP measures: adjusted EBIT, adjusted EBIT margin, operating EBITDA, operating EBITDA margin, adjusted earnings per share and free cash flow. These measures are not recognized in accordance with US GAAP and should not be viewed as an alternative to US GAAP measures of performance or liquidity. The most directly comparable financial measure presented in accordance with US GAAP in our consolidated financial statements for adjusted EBIT and operating EBITDA is net earnings (loss) attributable to Celanese Corporation; for adjusted EBIT margin is operating margin; for operating EBITDA margin is operating margin; for adjusted earnings per share is earnings (loss) from continuing operations attributable to Celanese Corporation per common share-diluted; and for free cash flow is net cash provided by (used in) operations. Definitions of Non-US GAAP Financial Measures Adjusted EBIT is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense and taxes, and further adjusted for Certain Items (refer to Table 8 of our Non-US GAAP Financial Measures and Supplemental Information document). We do not provide reconciliations for adjusted EBIT on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Adjusted EBIT margin is defined by the Company as adjusted EBIT divided by net sales. Operating EBITDA is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense, taxes and depreciation and amortization, and further adjusted for Certain Items, which Certain Items include accelerated depreciation and amortization expense. Operating EBITDA is equal to adjusted EBIT plus depreciation and amortization. We do not provide reconciliations for operating EBITDA on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Operating EBITDA margin is defined by the Company as operating EBITDA divided by net sales. Adjusted earnings per share is a performance measure used by the Company and is defined by the Company as earnings (loss) from continuing operations attributable to Celanese Corporation, adjusted for income tax (provision) benefit, Certain Items, and refinancing and related expenses, divided by the number of basic common shares and dilutive restricted stock units and stock options calculated using the treasury method. We do not provide reconciliations for adjusted earnings per share on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Note: The income tax expense (benefit) on Certain Items ("Non-GAAP adjustments") is determined using the applicable rates in the taxing jurisdictions in which the Non-GAAP adjustments occurred and includes both current and deferred income tax expense (benefit). The income tax rate used for adjusted earnings per share approximates the midpoint in a range of forecasted tax rates for the year. This range may include certain partial or full-year forecasted tax opportunities and related costs, where applicable, and specifically excludes changes in uncertain tax positions, discrete recognition of GAAP items on a quarterly basis, other pre-tax items adjusted out of our GAAP earnings for adjusted earnings per share purposes and changes in management's assessments regarding the ability to realize deferred tax assets for GAAP. In determining the adjusted earnings per share tax rate, we reflect the impact of foreign tax credits when utilized, or expected to be utilized, absent discrete events impacting the timing of foreign tax credit utilization. We analyze this rate quarterly and adjust it if there is a material change in the range of forecasted tax rates; an updated forecast would not necessarily result in a change to our tax rate used for adjusted earnings per share. The adjusted tax rate is an estimate and may differ from the actual tax rate used for GAAP reporting in any given reporting period. Table 3a of our Non-US GAAP Financial Measures and Supplemental Information document summarizes the reconciliation of our estimated GAAP effective tax rate to the adjusted tax rate. The estimated GAAP rate excludes discrete recognition of GAAP items due to our inability to forecast such items. As part of the year-end reconciliation, we will update the reconciliation of the GAAP effective tax rate to the adjusted tax rate for actual results. Free cash flow is a liquidity measure used by the Company and is defined by the Company as net cash provided by (used in) operations, less capital expenditures on property, plant and equipment, and adjusted for contributions from or distributions to our noncontrolling interest joint ventures. We do not provide reconciliations for free cash flow on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of items such as working capital changes, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Reconciliation of Non-US GAAP Financial Measures Reconciliations of the Non-US GAAP financial measures used in this press release to the comparable US GAAP financial measure, together with information about the purposes and uses of Non-US GAAP financial measures, are included in our Non-US GAAP Financial Measures and Supplemental Information document filed as an exhibit to our Current Report on Form 8-K filed with the SEC on or about May 5, 2025 and also available on our website at under Financial Information/Financial Document Library. Results Unaudited The results in this document, together with the adjustments made to present the results on a comparable basis, have not been audited and are based on internal financial data furnished to management. Quarterly results should not be taken as an indication of the results of operations to be reported for any subsequent period or for the full fiscal year. Supplemental Information Additional information about our prior period performance is included in our Quarterly Reports on Form 10-Q and in our Non-US GAAP Financial Measures and Supplemental Information document. Three Months Ended March 31, 2025 December 31, 2024 March 31, 2024 (In $ millions, except share and per share data) Net sales 2,389 2,370 2,611 Cost of sales (1,913 ) (1,831 ) (2,057 ) Gross profit 476 539 554 Selling, general and administrative expenses (230 ) (262 ) (265 ) Amortization of intangible assets (40 ) (40 ) (41 ) Research and development expenses (31 ) (31 ) (34 ) Other (charges) gains, net (31 ) (1,621 ) (14 ) Foreign exchange gain (loss), net 21 12 11 Gain (loss) on disposition of businesses and assets, net 3 (2 ) (1 ) Operating profit (loss) 168 (1,405 ) 210 Equity in net earnings (loss) of affiliates 22 39 55 Non-operating pension and other postretirement employee benefit (expense) income 2 (27 ) 2 Interest expense (170 ) (164 ) (169 ) Refinancing expense (32 ) — — Interest income 4 5 13 Dividend income - equity investments 1 33 34 Other income (expense), net 2 — 12 Earnings (loss) from continuing operations before tax (3 ) (1,519 ) 157 Income tax (provision) benefit (9 ) (387 ) (33 ) Earnings (loss) from continuing operations (12 ) (1,906 ) 124 Earnings (loss) from operation of discontinued operations (6 ) (6 ) — Income tax (provision) benefit from discontinued operations 1 1 — Earnings (loss) from discontinued operations (5 ) (5 ) — Net earnings (loss) (17 ) (1,911 ) 124 Net (earnings) loss attributable to noncontrolling interests (4 ) (3 ) (3 ) Net earnings (loss) attributable to Celanese Corporation (21 ) (1,914 ) 121 Amounts attributable to Celanese Corporation Earnings (loss) from continuing operations (16 ) (1,909 ) 121 Earnings (loss) from discontinued operations (5 ) (5 ) — Net earnings (loss) (21 ) (1,914 ) 121 Earnings (loss) per common share - basic Continuing operations (0.15 ) (17.45 ) 1.11 Discontinued operations (0.04 ) (0.05 ) — Net earnings (loss) - basic (0.19 ) (17.50 ) 1.11 Earnings (loss) per common share - diluted Continuing operations (0.15 ) (17.45 ) 1.10 Discontinued operations (0.04 ) (0.05 ) — Net earnings (loss) - diluted (0.19 ) (17.50 ) 1.10 Weighted average shares (in millions) Basic 109.4 109.4 109.1 Diluted 109.4 109.4 109.5 Expand Consolidated Balance Sheets - Unaudited Non-US GAAP Financial Measures and Supplemental Information May 5, 2025 In this document, the terms the "Company," "we" and "our" refer to Celanese Corporation and its subsidiaries on a consolidated basis. Purpose The purpose of this document is to provide information of interest to investors, analysts and other parties including supplemental financial information and reconciliations and other information concerning our use of non-US GAAP financial measures. This document is updated quarterly. Presentation This document presents the Company's two business segments, Engineered Materials and the Acetyl Chain. Use of Non-US GAAP Financial Measures From time to time, management may publicly disclose certain numerical "non-GAAP financial measures" in the course of our earnings releases, financial presentations, earnings conference calls, investor and analyst meetings and otherwise. For these purposes, the Securities and Exchange Commission ("SEC") defines a "non-GAAP financial measure" as a numerical measure of historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that effectively exclude amounts, included in the most directly comparable measure calculated and presented in accordance with US GAAP, and vice versa for measures that include amounts, or are subject to adjustments that effectively include amounts, that are excluded from the most directly comparable US GAAP measure so calculated and presented. For these purposes, "GAAP" refers to generally accepted accounting principles in the United States. Non-GAAP financial measures disclosed by management are provided as additional information to investors, analysts and other parties because the Company believes them to be important supplemental measures for assessing our financial and operating results and as a means to evaluate our financial condition and period-to-period comparisons. These non-GAAP financial measures should be viewed as supplemental to, and should not be considered in isolation or as alternatives to, net earnings (loss), operating profit (loss), operating margin, gross profit, cash flow from operating activities (together with cash flow from investing and financing activities), earnings per share or any other US GAAP financial measure. These non-GAAP financial measures should be considered within the context of our complete audited and unaudited financial results for the given period, which are available on the Financial Information/Financial Document Library page of our website, The definition and method of calculation of the non-GAAP financial measures used herein may be different from other companies' methods for calculating measures with the same or similar titles. Investors, analysts and other parties should understand how another company calculates such non-GAAP financial measures before comparing the other company's non-GAAP financial measures to any of our own. These non-GAAP financial measures may not be indicative of the historical operating results of the Company nor are they intended to be predictive or projections of future results. Pursuant to the requirements of SEC Regulation G, whenever we refer to a non-GAAP financial measure, we will also present in this document, in the presentation itself or on a Form 8-K in connection with the presentation on the Financial Information/Financial Document Library page of our website, to the extent practicable, the most directly comparable financial measure calculated and presented in accordance with GAAP, along with a reconciliation of the differences between the non-GAAP financial measure we reference and such comparable GAAP financial measure. This document includes definitions and reconciliations of non-GAAP financial measures used from time to time by the Company. Specific Measures Used This document provides information about the following non-GAAP measures: adjusted EBIT, adjusted EBIT margin, operating EBITDA, operating EBITDA margin, adjusted gross profit, operating profit (loss) attributable to Celanese Corporation, adjusted earnings per share, net debt, free cash flow and return on invested capital (adjusted). The most directly comparable financial measure presented in accordance with US GAAP in our consolidated financial statements for adjusted EBIT and operating EBITDA is net earnings (loss) attributable to Celanese Corporation; for adjusted EBIT margin and operating EBITDA margin is operating margin; for adjusted gross profit is gross profit; for operating profit (loss) attributable to Celanese Corporation is operating profit (loss); for adjusted earnings per share is earnings (loss) from continuing operations attributable to Celanese Corporation per common share-diluted; for net debt is total debt; for free cash flow is net cash provided by (used in) operations; and for return on invested capital (adjusted) is net earnings (loss) attributable to Celanese Corporation divided by the sum of the average of beginning and end of the year short- and long-term debt and Celanese Corporation shareholders' equity. Definitions Adjusted EBIT is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense and taxes, and further adjusted for Certain Items (refer to Table 8). We believe that adjusted EBIT provides transparent and useful information to management, investors, analysts and other parties in evaluating and assessing our primary operating results from period-to-period after removing the impact of unusual, non-operational or restructuring-related activities that affect comparability. Our management recognizes that adjusted EBIT has inherent limitations because of the excluded items. Adjusted EBIT is one of the measures management uses for planning and budgeting, monitoring and evaluating financial and operating results and as a performance metric in the Company's incentive compensation plan. We do not provide reconciliations for adjusted EBIT on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Adjusted EBIT margin is defined by the Company as adjusted EBIT divided by net sales. Adjusted EBIT margin has the same uses and limitations as adjusted EBIT. Operating EBITDA is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense, taxes and depreciation and amortization, and further adjusted for Certain Items, which Certain Items include accelerated depreciation and amortization expense. Operating EBITDA is equal to adjusted EBIT plus depreciation and amortization. We believe that operating EBITDA provides transparent and useful information to investors, analysts and other parties in evaluating our operating performance relative to our peer companies. We do not provide reconciliations for operating EBITDA on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Operating EBITDA margin is defined by the Company as operating EBITDA divided by net sales. Operating EBITDA margin has the same uses and limitations as operating EBITDA. Operating profit (loss) attributable to Celanese Corporation is defined by the Company as operating profit (loss), less earnings (loss) attributable to noncontrolling interests ("NCI"). We believe that operating profit (loss) attributable to Celanese Corporation provides transparent and useful information to management, investors, analysts and other parties in evaluating our core operational performance. Operating margin attributable to Celanese Corporation is defined by the Company as operating profit (loss) attributable to Celanese Corporation divided by net sales. Operating margin attributable to Celanese Corporation has the same uses and limitations as operating profit (loss) attributable to Celanese Corporation. Adjusted gross profit is a performance measure used by the Company and is defined by the Company as gross profit, adjusted for Certain Items (refer to Table 2a). We believe that adjusted gross profit provides transparent and useful information to management, investors, analysts and other parties in evaluating and assessing certain trends impacting our businesses from period-to-period after removing the impact of unusual, non-operational or restructuring-related activities that affect comparability. Our management recognizes that adjusted gross profit has inherent limitations because of the excluded items. Adjusted gross profit is one of the measures management uses for planning and budgeting and monitoring and evaluating financial and operating results. We do not provide reconciliations for adjusted gross profit on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/ or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Adjusted earnings per share is a performance measure used by the Company and is defined by the Company as earnings (loss) from continuing operations attributable to Celanese Corporation, adjusted for income tax (provision) benefit, Certain Items, and refinancing and related expenses, divided by the number of basic common shares and dilutive restricted stock units and stock options calculated using the treasury method. We believe that adjusted earnings per share provides transparent and useful information to management, investors, analysts and other parties in evaluating and assessing our primary operating results from period-to-period after removing the impact of the above stated items that affect comparability and as a performance metric in the Company's incentive compensation plan. We do not provide reconciliations for adjusted earnings per share on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Note: The income tax expense (benefit) on Certain Items ("Non-GAAP adjustments") is determined using the applicable rates in the taxing jurisdictions in which the Non-GAAP adjustments occurred and includes both current and deferred income tax expense (benefit). The income tax rate used for adjusted earnings per share approximates the midpoint in a range of forecasted tax rates for the year. This range may include certain partial or full-year forecasted tax opportunities and related costs, where applicable, and specifically excludes changes in uncertain tax positions, discrete recognition of GAAP items on a quarterly basis, other pre-tax items adjusted out of our GAAP earnings for adjusted earnings per share purposes and changes in management's assessments regarding the ability to realize deferred tax assets for GAAP. In determining the adjusted earnings per share tax rate, we reflect the impact of foreign tax credits when utilized, or expected to be utilized, absent discrete events impacting the timing of foreign tax credit utilization. We analyze this rate quarterly and adjust it if there is a material change in the range of forecasted tax rates; an updated forecast would not necessarily result in a change to our tax rate used for adjusted earnings per share. The adjusted tax rate is an estimate and may differ from the actual tax rate used for GAAP reporting in any given reporting period. Table 3a summarizes the reconciliation of our estimated GAAP effective tax rate to the adjusted tax rate. The estimated GAAP rate excludes discrete recognition of GAAP items due to our inability to forecast such items. As part of the year-end reconciliation, we will update the reconciliation of the GAAP effective tax rate to the adjusted tax rate for actual results. Free cash flow is a liquidity measure used by the Company and is defined by the Company as net cash provided by (used in) operations, less capital expenditures on property, plant and equipment, and adjusted for contributions from or distributions to our NCI joint ventures. We believe that free cash flow provides useful information to management, investors, analysts and other parties in evaluating the Company's liquidity and credit quality assessment because it provides an indication of the long-term cash generating ability of our business. Although we use free cash flow as a measure to assess the liquidity generated by our business, the use of free cash flow has important limitations, including that free cash flow does not reflect the cash requirements necessary to service our indebtedness, lease obligations, unconditional purchase obligations or pension and postretirement funding obligations. Free cash flow is not a measure of cash available for discretionary expenditures since the Company has certain debt service and finance lease payments that are not deducted from that measure. We do not provide reconciliations for free cash flow on a forward-looking basis when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of items such as working capital changes, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Net debt is defined by the Company as total debt less cash and cash equivalents. We believe that net debt provides useful information to management, investors, analysts and other parties in evaluating changes to the Company's capital structure and credit quality assessment. Return on invested capital (adjusted) is defined by the Company as adjusted EBIT, tax effected using the adjusted tax rate, divided by the sum of the average of beginning and end of the year short- and long-term debt and Celanese Corporation shareholders' equity. We believe that return on invested capital (adjusted) provides useful information to management, investors, analysts and other parties in order to assess our income generation from the point of view of our shareholders and creditors who provide us with capital in the form of equity and debt and whether capital invested in the Company yields competitive returns. Supplemental Information Supplemental Information we believe to be of interest to investors, analysts and other parties includes the following: Net sales for each of our business segments and the percentage increase or decrease in net sales attributable to price, volume, currency and other factors for each of our business segments. Cash dividends received from our equity investments. For those consolidated ventures in which the Company owns or is exposed to less than 100% of the economics, the outside shareholders' interests are shown as NCI. Amounts referred to as "attributable to Celanese Corporation" are net of any applicable NCI. Results Unaudited The results in this document, together with the adjustments made to present the results on a comparable basis, have not been audited and are based on internal financial data furnished to management. Quarterly results should not be taken as an indication of the results of operations to be reported for any subsequent period or for the full fiscal year. Table 1 Adjusted EBIT and Operating EBITDA - Reconciliation of Non-GAAP Measures - Unaudited Q1 '25 2024 Q4 '24 Q3 '24 Q2 '24 Q1 '24 (In $ millions) Engineered Materials — 73 1 16 11 45 Acetyl Chain — — — — — — Other Activities (2) — — — — — — Accelerated depreciation and amortization expense — 73 1 16 11 45 Depreciation and amortization expense (1) 180 728 184 187 181 176 Total depreciation and amortization expense 180 801 185 203 192 221 Expand _________________________________ (1) Excludes accelerated depreciation and amortization expense as detailed in the table above, which amounts are included in Certain Items above. (2) Other Activities includes corporate Selling, general and administrative ("SG&A") expenses, results of captive insurance companies and certain components of net periodic benefit cost (interest cost, expected return on plan assets and net actuarial gains and losses). Expand Table 2 - Supplemental Segment Data and Reconciliation of Segment Adjusted EBIT and Operating EBITDA - Non-GAAP Measures - Unaudited Q1 '25 2024 Q4 '24 Q3 '24 Q2 '24 Q1 '24 (In $ millions, except percentages) Operating Profit (Loss) / Operating Margin Engineered Materials 96 7.5 % (1,179 ) (21.0 )% (1,508 ) (117.7 )% 102 6.9 % 138 9.4 % 89 6.5 % Acetyl Chain 162 14.5 % 951 20.0 % 216 19.5 % 239 20.1 % 242 20.1 % 254 20.1 % Other Activities (1) (90 ) (469 ) (113 ) (93 ) (130 ) (133 ) Total 168 7.0 % (697 ) (6.8 )% (1,405 ) (59.3 )% 248 9.4 % 250 9.4 % 210 8.0 % Less: Net Earnings (Loss) Attributable to NCI for Engineered Materials 2 (1 ) 2 2 (4 ) (1 ) Less: Net Earnings (Loss) Attributable to NCI for Acetyl Chain 2 9 1 2 2 4 Operating Profit (Loss) Attributable to Celanese Corporation 164 6.9 % (705 ) (6.9 )% (1,408 ) (59.4 )% 244 9.2 % 252 9.5 % 207 7.9 % Operating Profit (Loss) / Operating Margin Attributable to Celanese Corporation Engineered Materials 94 7.3 % (1,178 ) (21.0 )% (1,510 ) (117.9 )% 100 6.8 % 142 9.7 % 90 6.5 % Acetyl Chain 160 14.3 % 942 19.8 % 215 19.4 % 237 19.9 % 240 20.0 % 250 19.8 % Other Activities (1) (90 ) (469 ) (113 ) (93 ) (130 ) (133 ) Total 164 6.9 % (705 ) (6.9 )% (1,408 ) (59.4 )% 244 9.2 % 252 9.5 % 207 7.9 % Equity Earnings and Dividend Income, Other Income (Expense) Attributable to Celanese Corporation Engineered Materials 17 178 33 46 49 50 Acetyl Chain 3 138 35 34 33 36 Other Activities (1) 5 48 4 16 13 15 Total 25 364 72 96 95 101 Non-Operating Pension and Other Post-Retirement Employee Benefit (Expense) Income Attributable to Celanese Corporation Engineered Materials — 8 8 — — — Acetyl Chain — — — — — — Other Activities (1) 2 (28 ) (35 ) 3 2 2 Total 2 (20 ) (27 ) 3 2 2 Certain Items Attributable to Celanese Corporation (Table 8) Engineered Materials 15 1,851 1,625 91 74 61 Acetyl Chain 5 22 3 5 4 10 Other Activities (1) 23 136 68 18 24 26 Total 43 2,009 1,696 114 102 97 Adjusted EBIT / Adjusted EBIT Margin Engineered Materials 126 9.8 % 859 15.3 % 156 12.2 % 237 16.0 % 265 18.1 % 201 14.6 % Acetyl Chain 168 15.1 % 1,102 23.1 % 253 22.8 % 276 23.2 % 277 23.0 % 296 23.5 % Other Activities (1) (60 ) (313 ) (76 ) (56 ) (91 ) (90 ) Total 234 9.8 % 1,648 16.0 % 333 14.1 % 457 17.3 % 451 17.0 % 407 15.6 % Expand _________________________________ (1) Other Activities includes corporate SG&A expenses, results of captive insurance companies and certain components of net periodic benefit cost (interest cost, expected return on plan assets and net actuarial gains and losses). Expand Table 2 - Supplemental Segment Data and Reconciliation of Segment Adjusted EBIT and Operating EBITDA - Non-GAAP Measures - Unaudited (cont.) Q1 '25 2024 Q4 '24 Q3 '24 Q2 '24 Q1 '24 (In $ millions, except percentages) Depreciation and Amortization Expense (1) Engineered Materials 109 437 114 111 110 102 Acetyl Chain 61 244 63 63 61 57 Other Activities (2) 10 47 7 13 10 17 Total 180 728 184 187 181 176 Operating EBITDA / Operating EBITDA Margin Engineered Materials 235 18.3 % 1,296 23.1 % 270 21.1 % 348 23.5 % 375 25.6 % 303 22.0 % Acetyl Chain 229 20.5 % 1,346 28.3 % 316 28.5 % 339 28.5 % 338 28.1 % 353 28.0 % Other Activities (2) (50 ) (266 ) (69 ) (43 ) (81 ) (73 ) Total 414 17.3 % 2,376 23.1 % 517 21.8 % 644 24.3 % 632 23.8 % 583 22.3 % Expand _________________________________ (1) Excludes accelerated depreciation and amortization expense, which amounts are included in Certain Items above. See Table 1 for details. (2) Other Activities includes corporate SG&A expenses, results of captive insurance companies and certain components of net periodic benefit cost (interest cost, expected return on plan assets and net actuarial gains and losses). Expand Table 2a - Supplemental Segment Data and Reconciliation of Segment Adjusted Gross Profit - Non-GAAP Measures - Unaudited ___________________________ (1) Inclusive of the actual results of the Company plus the results of the historical Mobility and Materials business as reclassified for the year ended December 31, 2021 (the "Mobility & Materials Pro Forma Financials") as filed by the Company on its current report on Form 8-K/A on November 21, 2022 and adjusts from the Mobility and Materials Pro Forma Financials only the Acquisition Accounting Adjustments thereon. Expand Certain Items Attributable to Celanese Corporation- Engineered Materials Gross Profit - Unaudited The following Certain Items attributable to Celanese Corporation - Engineered Materials are included in Gross profit and are adjustments to non-GAAP measures: Expand ___________________________ (1) Not including any adjustments for the Mobility and Materials business as the Company did not own the Mobility and Materials business during the year ended December 31, 2021 and therefore cannot determine the amount of any adjustments that could have been eligible under the Company's adjustment criteria and process, and it is possible such amount, if any, could cause the amount of adjusted gross profit of the Company for the year ended December 31, 2021 to differ materially from what is presented. Expand Table 3 Adjusted Earnings (Loss) per Share - Reconciliation of a Non-GAAP Measure - Unaudited Q1 '25 2024 Q4 '24 Q3 '24 Q2 '24 Q1 '24 per share per share per share per share per share per share (In $ millions, except per share data) Income tax provision (benefit) 9 510 387 61 29 33 Earnings (loss) from continuing operations before tax (7 ) (1,004 ) (1,522 ) 179 185 154 Certain Items attributable to Celanese Corporation (Table 8) 43 2,009 1,696 114 102 97 Refinancing and related expenses 32 — — — — — Adjusted earnings (loss) from continuing operations before tax 68 1,005 174 293 287 251 Income tax (provision) benefit on adjusted earnings (1) (6 ) (90 ) (15 ) (26 ) (26 ) (23 ) Adjusted earnings (loss) from continuing operations (2) 62 0.57 915 8.37 159 1.45 267 2.44 261 2.38 228 2.08 Diluted shares (in millions) (3) Weighted average shares outstanding 109.4 109.3 109.4 109.3 109.3 109.1 Incremental shares attributable to equity awards — — — 0.2 0.2 0.4 Total diluted shares 109.4 109.3 109.4 109.5 109.5 109.5 Expand _________________________________ (1) Calculated using adjusted effective tax rates (Table 3a) as follows: Expand (2) Excludes the immediate recognition of actuarial gains and losses and the impact of actual vs. expected plan asset returns. Expand Actual Plan Asset Returns Expected Plan Asset Returns (In percentages) 2024 2.5 5.3 Expand (3) Potentially dilutive shares are included in the adjusted earnings per share calculation when adjusted earnings are positive. Expand Table 3a Adjusted Tax Rate - Reconciliation of a Non-GAAP Measure - Unaudited ______________________________ Note: As part of the year-end reconciliation, we will update the reconciliation of the GAAP effective tax rate for actual results. (1) Such as changes in tax laws (including US tax reform), deferred taxes on outside basis differences, changes in uncertain tax positions and prior year audit adjustments. (2) Reflects the tax impact on pre-tax adjustments presented in Certain Items (Table 8), which are excluded from pre-tax income for adjusted earnings per share purposes. (3) Reflects changes in valuation allowances related to changes in judgment regarding the realizability of deferred tax assets or current year operations, excluding other charges and adjustments. (4) Includes tax impacts related to full-year actual tax opportunities and related costs, as well as current year realization of U.S. GAAP benefits deferred in prior years. Expand Table 4 Net Sales by Segment - Unaudited Q1 '25 2024 Q4 '24 Q3 '24 Q2 '24 Q1 '24 (In $ millions) Engineered Materials 1,287 5,607 1,281 1,481 1,467 1,378 Acetyl Chain 1,116 4,763 1,110 1,190 1,202 1,261 Intersegment eliminations (1) (14 ) (90 ) (21 ) (23 ) (18 ) (28 ) Net sales 2,389 10,280 2,370 2,648 2,651 2,611 Expand _________________________________ (1) Includes intersegment sales primarily related to the Acetyl Chain. Expand Table 4a Factors Affecting Segment Net Sales Sequentially - Unaudited Three Months Ended March 31, 2025 Compared to Three Months Ended December 31, 2024 Volume Price Currency Total (In percentages) Engineered Materials 1 1 (1 ) 1 Acetyl Chain 3 (1 ) (1 ) 1 Total Company 2 — (1 ) 1 Expand Three Months Ended December 31, 2024 Compared to Three Months Ended September 30, 2024 Volume Price Currency Total (In percentages) Acetyl Chain (4 ) (2 ) (1 ) (7 ) Total Company (7 ) (2 ) (1 ) (10 ) Expand Three Months Ended September 30, 2024 Compared to Three Months Ended June 30, 2024 Volume Price Currency Total (In percentages) Engineered Materials — — 1 1 Acetyl Chain — (2 ) 1 (1 ) Total Company — (1 ) 1 — Expand Three Months Ended June 30, 2024 Compared to Three Months Ended March 31, 2024 Volume Price Currency Total (In percentages) Engineered Materials 7 — (1 ) 6 Acetyl Chain (1 ) (4 ) — (5 ) Total Company 4 (2 ) — 2 Expand Three Months Ended March 31, 2024 Compared to Three Months Ended December 31, 2023 Volume Price Currency Total (In percentages) Acetyl Chain 5 1 1 7 Total Company 2 — — 2 Expand Table 4b Factors Affecting Segment Net Sales Year Over Year - Unaudited Three Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024 Volume Price Currency Total (In percentages) Engineered Materials (4 ) (2 ) (1 ) (7 ) Acetyl Chain (6 ) (4 ) (1 ) (11 ) Total Company (5 ) (3 ) (1 ) (9 ) Expand Three Months Ended December 31, 2024 Compared to Three Months Ended December 31, 2023 Volume Price Currency Total (In percentages) Engineered Materials (6 ) (3 ) — (9 ) Acetyl Chain (2 ) (4 ) — (6 ) Total Company (4 ) (4 ) — (8 ) Expand Volume Price Currency Total (In percentages) Engineered Materials (1 ) (2 ) — (3 ) Acetyl Chain 1 (3 ) — (2 ) Total Company — (3 ) — (3 ) Expand Three Months Ended June 30, 2024 Compared to Three Months Ended June 30, 2023 Volume Price Currency Total (In percentages) Engineered Materials (2 ) (4 ) (1 ) (7 ) Acetyl Chain 4 (6 ) (1 ) (3 ) Total Company 1 (5 ) (1 ) (5 ) Expand Three Months Ended March 31, 2024 Compared to Three Months Ended March 31, 2023 Volume Price Currency Total (In percentages) Engineered Materials (12 ) (2 ) (1 ) (15 ) Acetyl Chain 11 (10 ) — 1 Total Company (2 ) (5 ) (1 ) (8 ) Expand Table 4c Factors Affecting Segment Net Sales Year Over Year - Unaudited Year Ended December 31, 2024 Compared to Year Ended December 31, 2023 Volume Price Currency Total (In percentages) Engineered Materials (5 ) (3 ) (1 ) (9 ) Acetyl Chain 4 (6 ) — (2 ) Total Company (1 ) (4 ) (1 ) (6 ) Expand Table 5 Free Cash Flow - Reconciliation of a Non-GAAP Measure - Unaudited Q1 '25 2024 Q4 '24 Q3 '24 Q2 '24 Q1 '24 (In $ millions, except percentages) Net cash provided by (used in) investing activities (98 ) (470 ) (128 ) (100 ) (91 ) (151 ) Net cash provided by (used in) financing activities 45 (1,313 ) (189 ) (376 ) (489 ) (259 ) Net cash provided by (used in) operating activities 37 966 494 79 292 101 Capital expenditures on property, plant and equipment (102 ) (435 ) (105 ) (88 ) (105 ) (137 ) Contributions from/(Distributions) to NCI (8 ) (33 ) (8 ) (7 ) (14 ) (4 ) Free cash flow (1) (73 ) 498 381 (16 ) 173 (40 ) Net sales 2,389 10,280 2,370 2,648 2,651 2,611 Free cash flow as % of Net sales (3.1 )% 4.8 % 16.1 % (0.6 )% 6.5 % (1.5 )% Expand _________________________________ (1) Free cash flow is a liquidity measure used by the Company and is defined by the Company as net cash provided by (used in) operating activities, less capital expenditures on property, plant and equipment, and adjusted for contributions from or distributions to our NCI joint ventures. Expand Table 6 Cash Dividends Received - Unaudited Table 7 Net Debt - Reconciliation of a Non-GAAP Measure - Unaudited Table 8 Certain Items - Unaudited The following Certain Items attributable to Celanese Corporation are included in Net earnings (loss) and are adjustments to non-GAAP measures: ___________________________ (1) Related to impairment of goodwill and certain trade names, primarily Zytel ®, arising from our interim goodwill and indefinite-lived intangible assets impairment tests. (2) Related to impairment of certain tradenames, primarily Zytel ®, in connection with our annual goodwill and indefinite-lived intangible asset impairment tests. Expand Table 9 Return on Invested Capital (Adjusted) - Presentation of a Non-GAAP Measure - Unaudited

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