LyondellBasell Industries NV (NYSE:LYB) Q1 2022 Earnings Conference Call April 29, 2022 11:00 AM ET Company Participants David Kinney - Head, IR Kenneth Lane - Interim CEO & EVP, Global Olefins & Polyolefins Michael McMurray - EVP & CFO Conference Call Participants Jeffrey Zekauskas - JPMorgan Chase & Co. Stephen Byrne - Bank of America Merrill Lynch Bhavesh Lodaya - BMO Capital Markets Vincent Andrews - Morgan Stanley Hassan Ahmed - Alembic Global Advisors Prashant Juvekar - Citigroup Michael Sison - Wells ...

1 STEPPING UP FIRST QUARTER 2022 EARNINGS April 29, 2022 CAUTIONARY STATEMENT AND INFORMATION RELATED TO FINANCIAL MEASURES CAUTIONARY STATEMENT The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. When used in this presentation, the words "estim ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34726 LYONDELLBASELL INDUSTRIES N.V. (Exact name of registrant as specified in its charter) Netherlands 98-0646235 (State or other jurisdiction of incorporation or or ...

1 J.P. MORGAN Industrials Conference – Fireside March 16, 2022 Ken Lane – Interim CEO CAUTIONARY STATEMENT The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. When used in this presentation, the words "estimate," "believe," "continue," "could," ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34726 LyondellBasell Industries N.V. (Exact name of registrant as specified in its charter) Netherlands 98-0646235 ...

LyondellBasell Industries N.V. (NYSE:LYB) Q4 2021 Earnings Conference Call January 28, 2022 11:00 AM ET Company Participants David Kinney - Head, Investor Relations Ken Lane - Interim Chief Executive Officer Michael McMurray - Chief Financial Officer Conference Call Participants Bob Koort - Goldman Sachs Jeff Zekauskas - JPMorgan Mike Sison - Wells Fargo Bhavesh Lodaya - BMO Capital Markets Arun Viswanathan - RBC Capital Markets Frank Mitsch - Fermium Research Chris Parkinson - Mizuho Kevin McCarthy - Verti ...

1 STEPPING UP FOURTH QUARTER 2021 EARNINGS January 28, 2022 CAUTIONARY STATEMENT AND INFORMATION RELATED TO FINANCIAL MEASURES CAUTIONARY STATEMENT The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. When used in this presentation, the words "es ...

LyondellBasell Industries N.V. (NYSE:LYB) Q3 2021 Earnings Conference Call October 29, 2021 11:00 AM ET Company Participants Bob Patel – CEO Michael Mc Murray – CFO David Kinney – Investor Relations Conference Call Participants Jonathan Elvers – JPMorgan Vincent Andrews – Morgan Stanley Kevin McCarthy – Vertical Research Partners Edlain Rodriguez – Jefferies Mike Sison – Goldman Sachs Hassan Ahmed – Olympic Global David Begleiter – Deutsche Bank P.J. Juvekar – Citi Chris Parkinson – Mazuho Steve Byrne – Ban ...

1 THIRD QUARTER 2021 EARNINGS October 29, 2021 CAUTIONARY STATEMENT AND INFORMATION RELATED TO FINANCIAL MEASURES CAUTIONARY STATEMENT The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. When used in this presentation, the words "estimate," "bel ...

Financial Performance - Revenues increased by $5,924 million, or 87%, in Q3 2021 compared to Q3 2020, and by $13,527 million, or 68%, in the first nine months of 2021 compared to the same period in 2020[122] - Operating income rose by $2,225 million, or 9,674%, in Q3 2021 compared to Q3 2020, and by $5,196 million, or 780%, in the first nine months of 2021 compared to the same period in 2020[126] - Comprehensive income increased by $1,443 million in Q3 2021 compared to Q3 2020, primarily due to higher net income[129] - Revenues increased by $1,187 million, or 108%, in Q3 2021 compared to Q3 2020, and by $1,891 million, or 55%, in the first nine months of 2021 compared to the same period in 2020, driven by higher product prices and improved demand[160] Segment Performance - The O&P–Americas segment generated sales of $4,408 million in Q3 2021, up from $1,840 million in Q3 2020[137] - O&P–Americas segment revenues increased by $2,568 million, or 140%, in Q3 2021 compared to Q3 2020, and by $5,925 million, or 117%, in the first nine months of 2021 compared to the same period in 2020[142] - EBITDA for the O&P–Americas segment rose by $1,094 million, or 231%, in Q3 2021 compared to Q3 2020, and by $2,923 million, or 269%, in the first nine months of 2021 compared to the same period in 2020[143] - O&P–EAI segment revenues increased by $1,476 million, or 74%, in Q3 2021 compared to Q3 2020, and by $4,052 million, or 69%, in the first nine months of 2021 compared to the same period in 2020[147] - EBITDA for the I&D segment increased by $1,356 million, or 88%, in Q3 2021 compared to Q3 2020, and by $2,781 million, or 62%, in the first nine months of 2021 compared to the same period in 2020[150] - Advanced Polymer Solutions segment revenues increased by $282 million, or 28%, in Q3 2021 compared to Q3 2020, and by $1,087 million, or 39%, in the first nine months of 2021 compared to the same period in 2020[154] - EBITDA for the Refining segment increased by $733 million, or 106%, in Q3 2021 compared to Q3 2020, primarily due to margin improvements and the absence of a non-cash impairment charge recognized in Q3 2020[161] - The Technology segment's revenues increased by $45 million, or 23%, in Q3 2021 compared to Q3 2020, driven by higher catalyst volumes and licensing revenues[164] Costs and Expenses - Cost of sales increased by $4,224 million, or 72%, in Q3 2021 compared to Q3 2020, primarily due to higher feedstock and energy costs[123] - EBITDA decreased by $36 million, or 23%, in Q3 2021 compared to Q3 2020, but increased by $159 million, or 70%, in the first nine months of 2021 compared to the same period in 2020[155] - Polyethylene results led to a 86% and 78% increase in EBITDA in the O&P–EAI segment for Q3 and the first nine months of 2021, respectively[148] - The absence of LCM inventory valuation benefits in the APS segment resulted in a decrease in EBITDA for Q3 2021 compared to Q3 2020[153] Debt and Cash Management - The company repaid $2,378 million of debt during the first nine months of 2021 and an additional $650 million in October 2021[118] - Total debt, including current maturities, was $13,516 million, with an additional $224 million in outstanding letters of credit and guarantees[186] - The company repaid $2,275 million in debt during the first nine months of 2021 and expects a total debt reduction of up to $4 billion for the year[187] - Cash provided by operating activities was $4,616 million in the first nine months of 2021, reflecting a significant increase from $2,661 million in the same period in 2020[168] - Capital expenditures totaled $1,285 million in the first nine months of 2021, down from $1,673 million in the same period in 2020, with a focus on profit-generating growth projects[177] - The company made dividend payments totaling $1,110 million in the first nine months of 2021, compared to $1,053 million in the same period in 2020[178] - As of September 30, 2021, the company had cash and cash equivalents totaling $1,929 million, with $1,593 million held outside the U.S.[185] - The company has $3,004 million in unused availability under its credit facilities as of September 30, 2021[187] Strategic Initiatives - The company is considering strategic options for its Houston refinery, including a potential sale, which would require Board approval and regulatory clearances[162] - The company plans to prioritize debt reduction while maintaining a strong investment-grade balance sheet as part of its capital allocation strategy[184] - The company has approximately 32.2 million shares remaining under its current share repurchase authorization, with 1.0 million shares repurchased for $89 million in the first nine months of 2021[190][191] - Cash generation is expected to improve, allowing for further strengthening of the investment-grade balance sheet and opportunistic share repurchases[193] - The company extended the term of its $900 million U.S. Receivables Facility to June 2024[190] Market Outlook and Risks - The company anticipates strong demand for its products due to vaccine rollouts and expects ongoing benefits from strong markets despite potential margin moderation[192] - The company faces various risks, including raw material cost volatility and potential operational interruptions, which could impact future results[198] - The effective income tax rate for Q3 2021 was 20.4%, compared to 1,136.4% for Q3 2020[128] - Approximately 60% of the raw materials used in North American olefins plants were ethane during Q3 2021[140] - The I&D segment's EBITDA increased due to higher margins across most businesses driven by tight market supply and strong demand recovery[150] - The company may enter into interest rate swap agreements to manage interest rate risk, converting fixed rate debt to variable rate debt or vice versa[189]