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Celanese 4Q 2007 Earnings
    Conference Call / Webcast
    Tuesday, February 5, 2008 10:00 a.m. ET




    Dave Weidman, Chairman and CEO
    Steven Sterin, Senior Vice President and CFO




1
Forward Looking Statements, Reconciliation and Use of Non-
    GAAP Measures to U.S. GAAP
    Forward-Looking Statements

    This presentation may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals,
    strategies, future revenues or performance, capital expenditures, financing needs and other information that is not historical information. When
    used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and
    variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based
    upon current expectations and beliefs and various assumptions. There can be no assurance that the company will realize these expectations or
    that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the
    forward-looking statements contained in this presentation. 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.

    Reconciliation of Non-U.S. GAAP Measures to U.S. GAAP

    This presentation reflects five performance measures, operating EBITDA, affiliate 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 affiliate EBITDA is equity in net earnings of affiliates; 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.

    Use of Non-U.S. GAAP Financial Information

               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 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 flows from operating activities as
               a measure of liquidity. Because not all companies use identical calculations, this presentation of operating EBITDA may not be
               comparable to other similarly titled measures of other companies. Additionally, operating EBITDA is not intended to be a measure of
               free cash flow for management’s discretionary use, as it does not consider certain cash requirements such as interest payments, tax
               payments and debt service requirements nor does it represent the amount used in our debt covenants.

               Affiliate EBITDA, a measure used by management to measure performance of its equity investments, is defined as the proportional
               operating profit plus the proportional depreciation and amortization of its equity investments. Affiliate EBITDA, including Celanese
               Proportional Share of affiliate information on Table 8, is not a recognized term under U.S. GAAP and is not meant to be an
               alternative to operating cash flow of the equity investments. The company has determined that it does not have sufficient ownership
               for operating control of these investments to consider their results on a consolidated basis. The company believes that investors should
               consider affiliate EBITDA when determining the equity investments’ overall value in the company.

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

               Net debt is defined as total debt less cash and cash equivalents. We believe that the presentation of this non-U.S. GAAP measure
               provides useful information to management and investors regarding changes to the company’s capital structure. Our management and
               credit analysts use net debt to evaluate the company's capital structure and assess credit quality. This non-U.S. GAAP information is
               not intended to be considered in isolation or as a substitute for U.S. GAAP financial information.

               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 information is
               not intended to be considered in isolation or as a substitute for U.S. GAAP financial information.
2
Dave Weidman
    Chairman and Chief Executive Officer




3
Celanese Corporation 4Q and Full Year 2007
          Highlights
                                                                               4th Qtr                 4th Qtr
                     in millions (except EPS)                                                                              FY 2007               FY 2006
                                                                                2007                    2006
                     Net Sales                                                                            $1,430                                     $5,778
                                                                                   $1,760                                      $6,444
                     Operating Profit                                                                        $140                                        $620
                                                                                      $324                                        $748
                     Adjusted EPS                                                                           $0.61                                       $2.62
                                                                                     $0.93                                       $3.42
                     Operating EBITDA                                                                        $269                                    $1,144
                                                                                      $349                                     $1,325

                                                                                                                                 FY 2007
                                       4Q 2007
                 4Q net sales increased 23%                                                                 FY 2007 net sales increased 12%
           ►                                                                                          ►
                         Higher pricing on continued strong demand for                                              Improved pricing and favorable currency
                    ►                                                                                          ►
                         Acetyl Intermediates and Consumer and                                                      effects more than offset volume losses related
                         Industrial Specialties                                                                     to Clear Lake outage
                         Continued volume increases in Advanced                                             Operating profit up 21% to $748 million
                    ►                                                                                 ►
                         Engineered Materials
                                                                                                            Adjusted EPS up 31% to $3.42/share
                                                                                                      ►
                         Favorable currency impacts
                    ►
                                                                                                            Operating EBITDA increased 16% to $1,325
                                                                                                      ►
                 Operating profit more than doubled to $324
           ►
                                                                                                                    Additional sales and earnings contributed by
                                                                                                               ►
                 million
                                                                                                                    acquisition of APL
                 Adjusted EPS up 52% to $0.93/share
           ►
                                                                                                                    Discontinued Methanol production contributed
                                                                                                               ►
                 Operating EBITDA increased to $349                                                                 $0.13 per share and $31 million in Operating
           ►
                                                                                                                    EBITDA in the year

4   Note: All figures exclude results of the divested Oxo Alcohol business. The results of the discontinued Edmonton Methanol business have only been excluded from Net Sales and Operating Profit.
2008 Business Outlook

                      Volume growth >2x GDP across both transportation
                    ►
                      and non-transportation applications
    Advanced
                    ► Continued high energy and raw material costs
    Engineered
                      expected to pressure margins
    Materials                                                      2008 Guidance:
                    ► Significant progress expected in Nanjing
                      production capabilities                       Adjusted EPS
                      Synergy capture from APL integration
                    ►                                                    $3.40 to $3.70
    Consumer
                    ► Strong underlying business fundamentals
    Specialties
                                                                       Operating EBITDA
                      High raw material costs continue
                    ►
    Industrial
                                                                     $1,290 to $1,360 million
                    ► Realize benefits from revitalization efforts
    Specialties
                                                                   Forecasted 2008
                      Continued strong global demand
                    ►
                                                                 adjusted tax rate of
                    ► Incremental acetic acid volume
                      associated with China expansion                   26%
    Acetyl
                    ► VAM and acetic anhydride production scheduled to
    Intermediates
                      begin in Nanjing
                    ► Prices expected to adjust in 2008


5
Committed to Delivering Value Creation

                                                         Primary Growth Focus

                                                                                             Balance   Operational    EBITDA
                           Group              Asia   Revitalization   Innovation   Organic
                                                                                              Sheet    Excellence     Impact

                           Consumer and
    EPS Operating EBITDA




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




                                           $350 – $400 million increased EBITDA profile
                                                    plus EPS potential by 2010
6
Steven Sterin
    Senior Vice President and CFO




7
Celanese Corporation Financial Highlights


                                    4th Qtr    4th Qtr    FY 2007    FY 2006
                                     2007       2006
       in millions (except EPS)
       Net Sales                                $1,430                 $5,778
                                     $1,760                 $6,444
       Operating Profit                           $140                  $620
                                       $324                   $748
       Net Earnings                                 $77                 $406
                                       $214                   $426
       Special Items
        Other Charges/Adjustments      ($93)        $15       $113       $92
       Adjusted EPS                   $0.93       $0.61                 $2.62
                                                             $3.42

       Effective Tax Rate               28%        25%        28%        26%
       Diluted Share Basis            168.6       172.5      171.2      171.8
       Operating EBITDA                           $269                 $1,144
                                       $349                 $1,325




8
Advanced Engineered Materials

                              4th Qtr   4th Qtr    FY       FY
         in millions          2007      2006      2007     2006
         Net Sales                       $224              $915
                                $253              $1,030
         Operating EBITDA                  $58             $260
                                 $45               $252


    Fourth Quarter 2007:
    ► Net sales increase driven primarily by strong volume growth (8%) and
      positive currency effects (6%)
    ► Higher raw material and energy costs and lower pricing due to
      product mix more than offset volume growth
    ► Overall lower earnings from equity affiliates and continued high input
      cost pressures drove decreased Operating EBITDA




9
Consumer Specialties

                              4th Qtr   4th Qtr    FY       FY
          in millions          2007      2006     2007     2006
          Net Sales                       $224              $876
                                $279              $1,111
          Operating EBITDA                 $53              $228
                                 $57               $274


     Fourth Quarter 2007:
     ► Increase in net sales for the quarter primarily the result of $62 million
       contribution from APL
     ► Operating EBITDA improvement driven by higher overall volumes
       and pricing as well as incremental earnings from APL




10
Industrial Specialties

                            4th Qtr   4th Qtr    FY       FY
         in millions         2007      2006     2007     2006
         Net Sales                      $309             $1,281
                              $331              $1,346
         Operating EBITDA                 $25             $118
                                $41              $119


     Fourth Quarter 2007:
     ► Increase in net sales primarily driven by favorable pricing and
       currency effects
     ► Higher pricing on strong demand offset raw material cost pressures
       contributing to improved Operating EBITDA for the quarter




11
Acetyl Intermediates

                                4th Qtr   4th Qtr    FY      FY
       in millions               2007      2006     2007    2006
       Net Sales                            $831    $3,615 $3,351
                                $1,083
       Operating EBITDA                     $169            $672
                                  $231               $762


     Fourth Quarter 2007:
     ► Higher pricing, additional volumes from Nanjing unit and
       favorable currency effects drove record sales
     ► Favorable supply/demand economics, industry production
       outages and strong demand sustained higher pricing for acetic
       acid and VAM
     ► Operating EBITDA includes increased dividends from the Ibn
       Sina cost affiliate



12
Affiliates Continue to Deliver Value
                      4Q 2007: Earnings impact relatively flat for the period; Decreased cash flows due to special
         ►
                      dividend from Polyplastics in 4Q 2006
                      FY 2007: Increased earnings driven primarily by higher cost dividends from China Acetate
         ►
                      ventures and Ibn Sina affiliate
                      Operating EBITDA of $1,325 excludes ~$93 million of proportional Affiliate EBITDA
         ►

                      FY 2008: Affiliate earnings1 expected to be between $175 - $185 million
         ►



                                      Income Statement                                                                                 Cash Flow
                      200                                                                                           200
                      160                                                                                           160
         $ millions




                                                                                                       $ millions
                      120                                                                                           120
                       80                                                                                           80
                       40                                                                                           40
                        0                                                                                            0
                            4Q 2006    4Q 2007          FY 2006          FY 2007                                          4Q 2006   4Q 2007     FY 2006     FY 2007
                                                                                                                               Dividends - Cost Investments
                                Dividends - Cost Investments
                                Earnings - Equity Investments                                                                  Dividends - Equity Investments

13   Cost dividends and equity earnings. Note: All figures exclude results of the divested Oxo Alcohol business.
     1
Continued Strong Cash Generation


                                                                      Adjusted Free Cash Flow
                                                                                                                                    FY 2007                    FY 2006
                 in millions
                Net cash provided by operating activities                                                                              $566                       $751
                     Adjustments to operating cash for discontinued operations                                                          $84                       ($10)
                 Net cash provided by operating activities from continuing operations                                                  $650                       $741
                Less: Capital expenditures                                                                                             $288                       $244
                Add: Other charges and other adjustments1                                                                               $23                       ($41)
                Adjusted Free Cash Flow                                                                                                $385                      $456




                    Factors contributing to strong cash generation during 2007:
                    ► Strong operating performance
                    ► Continued commitment and increased investment in Asia
                    ► 2007 cash flows from operations included ~$90 million in additional cash taxes


       Amounts primarily associated with the long-term management compensation plan payment in 2007 and the cash outflows for purchases of other productive assets that are classified as
     1
14
     ‘investing activities’ for U.S. GAAP purposes.
2008 Guidance
                                                     2008 Updated Guidance
                                                          Adjusted         Operating
                                                            EPS           EBITDA ($MM)
                                               Current   $3.40 - $3.70 $1,290 - $1,360

                                               Previous $3.35 - $3.65 $1,280 - $1,350


                       Affiliate Income1                              Estimated Adjusted Tax Rate for
                  ►                                               ►
                                                                      Adjusted EPS
                             $175 – $185 million
                                                                         26%
                       Net Interest2
                  ►
                                                                      Cash Taxes
                                                                  ►
                             $200 – $210 million
                                                                         $100 – $120 million
                       Depreciation and Amortization
                  ►
                                                                      Capital Expenditure
                                                                  ►
                             $300 – $310 million
                                                                         $280 – $300 million
                       Share Count
                  ►
                             169 million

     Cost dividends and equity earnings.
     1

15   Net cash interest and interest expense.
     2
Appendix




16
4Q 2007 Other Charges and Other Adjustments
     by Segment
        in millions                     AEM       CS       IS        AI        Other       Total
        Employee termination                  -        -        $1        $4           -       $5
        benefits
        Plant/office closures                 -        -        $2        $5           -       $7
        Insurance recoveries
                                         ($2)          -         -         -           -      ($2)
        associated with plumbing
        cases
        Insurance recoveries                  -    ($5)    ($7)      ($63)        $35        ($40)
        associated with Clear Lake
        Resolution of commercial                       -
                                              -                  -   ($31)             -     ($31)
        disputes
        Ticona Kelsterbach relocation     $1           -         -         -           -       $1

        Other                                 -     $1          $1    ($2)             -           -
           Total other charges           ($1)      ($4)    ($3)      ($87)        $35        ($60)
                                                       -
        Business optimization             $1                     -         -      $7           $8
        Edmonton sale                         -   ($22)          -   ($12)             -     ($34)
        Other                           ($10)      ($1)         $2        $2           -      ($7)
           Total other adjustments       ($9)     ($23)         $2   ($10)        $7         ($33)
        Total other charges and         ($10)     ($27)    ($1)      ($97)       $42        ($93)
        other adjustments

17
Reg G: Reconciliation of Adjusted EPS
                      Adjusted Earnings Per Share - Reconciliation of a Non-U.S. GAAP Measure

                                                                                                              Three Months Ended                    Twelve Months Ended
                                                                                                                 December 31,                          December 31,
                                                                                                               2007        2006                      2007        2006
          (in $ millions, except per share data)
          Earnings from continuing operations
                                                                                                                                       125                          526
            before tax and minority interests                                                                        313                                447
          Non-GAAP Adjustments:
                                                 1
            Other charges and other adjustments                                                                                          15                          92
                                                                                                                      (93)                              113
                                                                                                                                          -                          -
            Refinancing costs                                                                                           -                               254
          Adjusted earnings from continuing operations
                                                                                                                                       140                          618
            before tax and minority interests                                                                        220                                 814
                                                    2
          Income tax provision on adjusted earnings                                                                                    (35)                        (163)
                                                                                                                     (62)                               (228)
                                                                                                                                        (1)
          Minority interests                                                                                                                                         (4)
                                                                                                                      (1)                                 (1)
          Adjusted earnings from continuing operations                                                               157               104               585        451
          Preferred dividends                                                                                                           (2)                         (10)
                                                                                                                      (3)                                (10)
          Adjusted net earnings available to common shareholders                                                     154               102               575        441
          Add back: Preferred dividends                                                                                                  2                           10
                                                                                                                       3                                  10
          Adjusted net earnings for adjusted EPS                                                                     157               104               585        451



          Diluted shares (millions)
          Weighted average shares outstanding                                                                                        158.7                        158.6
                                                                                                                   151.7                               154.5
                                                                                                                                                                   12.0
          Assumed conversion of Preferred Shares                                                                                      12.0              12.0
                                                                                                                    12.0
                                                                                                                                                                     -
          Assumed conversion of Restricted Stock                                                                                         -               0.4
                                                                                                                     0.6
                                                                                                                                       1.8                          1.2
          Assumed conversion of stock options                                                                                                            4.3
                                                                                                                     4.3
          Total diluted shares                                                                                                       172.5                        171.8
                                                                                                                   168.6                               171.2
          Adjusted EPS                                                                                              0.93              0.61              3.42       2.62
          1
              See Table 7 for details
          2
              The adjusted tax rate for the three and twelve months ended December 31, 2007 is 28% based on the original full year 2007 guidance.




18
Reg G: Reconciliation of Net Debt



                        Net Debt - Reconciliation of a Non-U.S. GAAP Measure

           Net Debt - Reconciliation of a Non-U.S. GAAP Measure
                                                                            December 31,   December 31,
                                                                                2007           2006
           (in $ millions)
           Short-term borrowings and current
              installments of long-term debt - third party and affiliates                          309
                                                                                    272
           Long-term debt                                                                        3,189
                                                                                  3,284
           Total debt                                                             3,556          3,498
           Less: Cash and cash equivalents                                                         791
                                                                                    825
           Net Debt                                                               2,731          2,707




19
Reg G: Other Charges and Other Adjustments
                                          Other Charges and Other Adjustments
          Other Charges:
                                                                                    Three Months Ended               Twelve Months Ended
                                                                                       December 31,                     December 31,
          (in $ millions)                                                           2007         2006                 2007          2006
          Employee termination benefits                                                                 1                                12
                                                                                          5                                  32
                                                                                                                                         (1)
          Plant/office closures                                                                        (1)                   11
                                                                                          7
          Insurance recoveries associated with plumbing cases                                          (2)                               (5)
                                                                                         (2)                                 (4)
          Insurance recoveries associated with Clear Lake, Texas                                        -                                 -
                                                                                        (40)                                (40)
          Resolution of commercial disputes with a vendor                                               -                                 -
                                                                                        (31)                                (31)
          Deferred compensation triggered by Exit Event                                                 -                                 -
                                                                                          -                                  74
          Asset impairments                                                                             -                                 -
                                                                                          -                                   9
          Ticona Kelsterbach plant relocation                                                           -                                 -
                                                                                          1                                   5
                                                                                                        -
          Other                                                                                                                           4
                                                                                          -                                   2
             Total                                                                      (60)           (2)                   58          10



          Other Adjustments: 1
                                                                                    Three Months Ended               Twelve Months Ended
                                                                                       December 31,                     December 31,
          (in $ millions)                                                           2007         2006                 2007          2006
          Executive severance & other costs related
             to Squeeze-Out                                                                                   2                               30
                                                                                             -                                  -
          Ethylene pipeline exit costs                                                                        -                                -
                                                                                             -                                 10
          Business optimization                                                                               8                               12
                                                                                            8                                  18
          Foreign exchange loss related to refinancing transaction                                            -                                -
                                                                                             -                                 22
          Loss on AT Plastics films sale                                                                      -                                -
                                                                                             -                                  7
                                                  2
          Discontinued methanol production                                                                   16                               52
                                                                                            -                                  31
          Gain on disposal of investment (Pemeas)                                                           (11)                             (11)
                                                                                            -                                   -
          Gain on Edmonton sale                                                                               -                                -
                                                                                          (34)                                (34)
          Other                                                                                               2                               (1)
                                                                                           (7)                                  1
                                                                                          (33)               17                55             82
            Total

                                                                                          (93)               15              113              92
          Total other charges and other adjustments
          1
              These items are included in net earnings but not included in other charges.
          2
              Adjusted earnings per share included earnings from its discontinued methanol production which was included in the company's 2007 guidance.
20
21
 Segment Data and Reconciliation of Operating Profit (Loss) to Operating EBITDA -
  a Non-U.S. GAAP Measure

                                                                               Three Months Ended                 Twelve Months Ended
                                                                                  December 31,                       December 31,
 (in $ millions)                                                                2007        2006                   2007         2006
 Net Sales
                                                                                      253                              1,030
  Advanced Engineered Materials                                                                         224                                915
                                                                                      279                              1,111
  Consumer Specialties                                                                                  224                                876
                                                                                      331                              1,346
  Industrial Specialties                                                                                309                              1,281
                                                                                    1,083                              3,615
  Acetyl Intermediates                                                                                  831                              3,351
                   1
  Other Activities                                                                      -                                  2
                                                                                                          6                                 22
                                                                                     (186)                              (660)
  Intersegment eliminations                                                                            (164)                              (667)
 Total                                                                              1,760             1,430            6,444             5,778

 Operating Profit (Loss)
                                                                                       30                                 133
  Advanced Engineered Materials                                                                          29                                   145
                                                                                       69                                 199
  Consumer Specialties                                                                                   41                                   165
                                                                                       26                                  28
  Industrial Specialties                                                                                  9                                    44
                                                                                      276                                 616
  Acetyl Intermediates                                                                                  107                                   456
                   1
  Other Activities                                                                    (77)                               (228)
                                                                                                        (46)                                 (190)
 Total                                                                                324               140               748                 620


 Equity Earnings and Other Income/(Expense) 2
                                                                                        7                                 55
  Advanced Engineered Materials                                                                          13                                   55
                                                                                        3                                 40
  Consumer Specialties                                                                                    2                                   24
                                                                                        -                                  -
  Industrial Specialties                                                                                  -                                   (1)
                                                                                       27                                 78
  Acetyl Intermediates                                                                                   23                                   63
                   1
  Other Activities                                                                      8                                  -
                                                                                                         12                                   22
 Total                                                                                 45                50              173                 163


 Other Charges and Other Adjustments 3
                                                                                      (10)                                (5)
  Advanced Engineered Materials                                                                          (1)                                  (5)
                                                                                      (27)                               (16)
  Consumer Specialties                                                                                    -                                    -
                                                                                       (1)                                32
  Industrial Specialties                                                                                  2                                   16
                                                                                      (97)                               (38)
  Acetyl Intermediates                                                                                   16                                   52
                   1
  Other Activities                                                                     42                                140
                                                                                                         (2)                                  29
 Total                                                                                (93)               15              113                  92

 Depreciation and Amortization Expense
                                                                                       18                                 69
  Advanced Engineered Materials                                                                          17                                   65
                                                                                       12                                 51
  Consumer Specialties                                                                                   10                                   39
                                                                                       16                                 59
  Industrial Specialties                                                                                 14                                   59
                                                                                       25                                106
  Acetyl Intermediates                                                                                   23                                  101
                   1
  Other Activities                                                                                        -                                    5
                                                                                                                           6
                                                                                        2
 Total                                                                                 73                64              291                 269

 Operating EBITDA
                                                                                                                                                     Reg G: Reconciliation of Operating EBITDA




                                                                                       45                                252
  Advanced Engineered Materials                                                                          58                                260
                                                                                       57                                274
  Consumer Specialties                                                                                   53                                228
                                                                                       41                                119
  Industrial Specialties                                                                                 25                                118
                                                                                      231                                762
  Acetyl Intermediates                                                                                  169                                672
                   1
  Other Activities                                                                    (25)                               (82)
                                                                                                        (36)                              (134)
 Total                                                                                349               269            1,325             1,144
 1
     Other Activities primarily includes corporate selling, general and administrative expenses and the results from captive insurance companies.
     The 2007 Operating Profit (Loss) and Other Charges and Other Adjustments amounts include deductible associated with insurance recovery.
 2
     Includes equity earnings from affiliates, dividends from cost investments and other income/(expense).
 3
     Excludes adjustments to minority interest, net interest, taxes, depreciation, amortization and discontinued operations (See Table 7).
Reg G: Equity Affiliate Preliminary Results and
         Celanese Proportional Share - Unaudited
                                                                                                                                Equity Affiliate Preliminary Results - Celanese Proportional Share - Unaudited4
         Equity Affiliate Preliminary Results - Total - Unaudited
                                                                                                                                                                                Three Months Ended                Twelve Months Ended
                                                    Three Months Ended                 Twelve Months Ended
                                                                                                                                (in $ millions)                                    December 31,                      December 31,
         (in $ millions)                                 December 31,                        December 31,
                                                                                                                                                                              2007                2006            2007           2006
                                                  2007               2006             2007                  2006                Net Sales
         Net Sales                                                                                                                 Ticona Affiliates                                                     143                              542
                                                                                                                                                                                      155                                  587
            Ticona Affiliates1                                                                                                     Infraserv                                                             124                              518
                                                                            310                                    1,172                                                              199                                  587
                                                          336                                1,270
                                                                                                                                   Total
            Infraserv2                                                                                                                                                                354                267             1,174          1,060
                                                                            381                                    1,391
                                                          623                                1,798
            Total                                                                                                               Operating Profit
                                                          959               691              3,068                 2,563
                                                                                                                                   Ticona Affiliates                                                         19                           81
                                                                                                                                                                                       19                                  89
         Operating Profit                                                                                                          Infraserv                                                                  5                           21
                                                                                                                                                                                        9                                  29
                                                                                                                                   Total
            Ticona Affiliates                                               41                                      171                                                                28                    24           118            102
                                                           40                                 188
            Infraserv                                                       13                                       60
                                                           26                                  87                               Depreciation and Amortization
            Total                                          66               54                275                   231            Ticona Affiliates                                                         7                            24
                                                                                                                                                                                        8                                  26
                                                                                                                                   Infraserv                                                                  6                           25
                                                                                                                                                                                       11                                  31
         Depreciation and Amortization                                                                                             Total                                               19                    13            57             49
            Ticona Affiliates                                               16                                       51
                                                           17                                  56
                                                                                                                                Affiliate EBITDA3
            Infraserv                                                       22                                       81
                                                           26                                  87                                  Ticona Affiliates                                                         26                          104
                                                                                                                                                                                       27                                 115
            Total                                          43               38                143                   132            Infraserv                                                                 11                           45
                                                                                                                                                                                       20                                  59
                                                                                                                                   Total                                               47                    37           174            149
         Affiliate EBITDA3
                                                                                                                                Equity in net earnings of affiliates (as reported on the Income Statement)
            Ticona Affiliates                                               57                                      222
                                                           57                                 244
                                                                                                                                   Ticona Affiliates                                                         13                           52
                                                                                                                                                                                        9                                  56
            Infraserv                                                       35                                      141
                                                           52                                 174                                  Infraserv                                                                  7                           21
                                                                                                                                                                                        7                                  25
            Total                                                                                                                  Other5
                                                          109               92                418                   363                                                                                       3                            3
                                                                                                                                                                                        1                                   1
                                                                                                                                   Total                                               17                    23            82             76
         Net Income
                                                                                                                                Affiliate EBITDA in excess of Equity in net earnings of affiliates6
            Ticona Affiliates                                               27                                      112
                                                           21                                 119
                                                                                                                                   Ticona Affiliates                                                         13                           52
            Infraserv                                                       15                                       53                                                                18                                  59
                                                           20                                  79
                                                                                                                                   Infraserv                                                                  4                           24
                                                                                                                                                                                       13                                  34
            Total                                          41               42                198                   165
                                                                                                                                   Total                                               31                    17            93             76
         Net Debt                                                                                                               Net Debt
            Ticona Affiliates                                               25                                       25
                                                          208                                 208                                  Ticona Affiliates                                                         11                           11
                                                                                                                                                                                       96                                  96
            Infraserv                                                       25                                       25            Infraserv                                                                 11                           11
                                                                                                                                                                                       15                                  15
                                                           39                                  39
                                                                                                                                   Total                                              111                    22           111             22
            Total                                         247               50                247                    50
     1
     Ticona Affiliates includes PolyPlastics (45% ownership), Korean Engineering Plastics (50%) and Fortron Industries(50%)
     2
     Infraserv includes Infraserv Entities valued as equity investments (Infraserv Höchst Group - 31% ownership, Infraserv Gendorf - 39% and Infraserv Knapsack 27%)
     3
     Affiliate EBITDA is the sum of Operating Profit and Depreciation and Amortization, a non-U.S. GAAP measure
     4
     Calculated as the product of figures from the above table times Celanese ownership percentage
22   5                                                                            .
     This represents liquidating dividends from Clear Lake Methanol Patrners
     6
     Product of Celanese proportion of Affiliate EBITDA less Equity in net earnings of affiliates; not included in Celanese operating EBITDA

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celanese q4_2007_presentation

  • 1. Celanese 4Q 2007 Earnings Conference Call / Webcast Tuesday, February 5, 2008 10:00 a.m. ET Dave Weidman, Chairman and CEO Steven Sterin, Senior Vice President and CFO 1
  • 2. Forward Looking Statements, Reconciliation and Use of Non- GAAP Measures to U.S. GAAP Forward-Looking Statements This presentation may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures, financing needs and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this presentation. 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. Reconciliation of Non-U.S. GAAP Measures to U.S. GAAP This presentation reflects five performance measures, operating EBITDA, affiliate 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 affiliate EBITDA is equity in net earnings of affiliates; 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. Use of Non-U.S. GAAP Financial Information 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 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 flows from operating activities as a measure of liquidity. Because not all companies use identical calculations, this presentation of operating EBITDA may not be comparable to other similarly titled measures of other companies. Additionally, operating EBITDA is not intended to be a measure of free cash flow for management’s discretionary use, as it does not consider certain cash requirements such as interest payments, tax payments and debt service requirements nor does it represent the amount used in our debt covenants. Affiliate EBITDA, a measure used by management to measure performance of its equity investments, is defined as the proportional operating profit plus the proportional depreciation and amortization of its equity investments. Affiliate EBITDA, including Celanese Proportional Share of affiliate information on Table 8, is not a recognized term under U.S. GAAP and is not meant to be an alternative to operating cash flow of the equity investments. The company has determined that it does not have sufficient ownership for operating control of these investments to consider their results on a consolidated basis. The company believes that investors should consider affiliate EBITDA when determining the equity investments’ overall value in the company. Adjusted earnings per share is a measure used by management to measure performance. It is defined as net earnings (loss) available to common shareholders plus preferred dividends, adjusted for other charges and adjustments, and divided by the number of basic common shares, diluted preferred shares, and options valued using the treasury method. We provide guidance on an adjusted earnings per share basis and are unable to reconcile forecasted adjusted earnings per share to a GAAP financial measure because a forecast of Other Items is not practical. We believe that the presentation of this non-U.S. GAAP measure provides useful information to management and investors regarding various financial and business trends relating to our financial condition and results of operations, and that when U.S. GAAP information is viewed in conjunction with non-U.S. GAAP information, investors are provided with a more meaningful understanding of our ongoing operating performance. This non-U.S. GAAP information is not intended to be considered in isolation or as a substitute for U.S. GAAP financial information. Net debt is defined as total debt less cash and cash equivalents. We believe that the presentation of this non-U.S. GAAP measure provides useful information to management and investors regarding changes to the company’s capital structure. Our management and credit analysts use net debt to evaluate the company's capital structure and assess credit quality. This non-U.S. GAAP information is not intended to be considered in isolation or as a substitute for U.S. GAAP financial information. 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 information is not intended to be considered in isolation or as a substitute for U.S. GAAP financial information. 2
  • 3. Dave Weidman Chairman and Chief Executive Officer 3
  • 4. Celanese Corporation 4Q and Full Year 2007 Highlights 4th Qtr 4th Qtr in millions (except EPS) FY 2007 FY 2006 2007 2006 Net Sales $1,430 $5,778 $1,760 $6,444 Operating Profit $140 $620 $324 $748 Adjusted EPS $0.61 $2.62 $0.93 $3.42 Operating EBITDA $269 $1,144 $349 $1,325 FY 2007 4Q 2007 4Q net sales increased 23% FY 2007 net sales increased 12% ► ► Higher pricing on continued strong demand for Improved pricing and favorable currency ► ► Acetyl Intermediates and Consumer and effects more than offset volume losses related Industrial Specialties to Clear Lake outage Continued volume increases in Advanced Operating profit up 21% to $748 million ► ► Engineered Materials Adjusted EPS up 31% to $3.42/share ► Favorable currency impacts ► Operating EBITDA increased 16% to $1,325 ► Operating profit more than doubled to $324 ► Additional sales and earnings contributed by ► million acquisition of APL Adjusted EPS up 52% to $0.93/share ► Discontinued Methanol production contributed ► Operating EBITDA increased to $349 $0.13 per share and $31 million in Operating ► EBITDA in the year 4 Note: All figures exclude results of the divested Oxo Alcohol business. The results of the discontinued Edmonton Methanol business have only been excluded from Net Sales and Operating Profit.
  • 5. 2008 Business Outlook Volume growth >2x GDP across both transportation ► and non-transportation applications Advanced ► Continued high energy and raw material costs Engineered expected to pressure margins Materials 2008 Guidance: ► Significant progress expected in Nanjing production capabilities Adjusted EPS Synergy capture from APL integration ► $3.40 to $3.70 Consumer ► Strong underlying business fundamentals Specialties Operating EBITDA High raw material costs continue ► Industrial $1,290 to $1,360 million ► Realize benefits from revitalization efforts Specialties Forecasted 2008 Continued strong global demand ► adjusted tax rate of ► Incremental acetic acid volume associated with China expansion 26% Acetyl ► VAM and acetic anhydride production scheduled to Intermediates begin in Nanjing ► Prices expected to adjust in 2008 5
  • 6. Committed to Delivering Value Creation Primary Growth Focus Balance Operational EBITDA Group Asia Revitalization Innovation Organic Sheet Excellence Impact Consumer and EPS Operating EBITDA Industrial X X X X >$100MM Specialties Advanced Engineered X X X X >$100MM Materials Acetyl X X X >$100MM Intermediates Celanese Incremental X X Corporate EPS $350 – $400 million increased EBITDA profile plus EPS potential by 2010 6
  • 7. Steven Sterin Senior Vice President and CFO 7
  • 8. Celanese Corporation Financial Highlights 4th Qtr 4th Qtr FY 2007 FY 2006 2007 2006 in millions (except EPS) Net Sales $1,430 $5,778 $1,760 $6,444 Operating Profit $140 $620 $324 $748 Net Earnings $77 $406 $214 $426 Special Items Other Charges/Adjustments ($93) $15 $113 $92 Adjusted EPS $0.93 $0.61 $2.62 $3.42 Effective Tax Rate 28% 25% 28% 26% Diluted Share Basis 168.6 172.5 171.2 171.8 Operating EBITDA $269 $1,144 $349 $1,325 8
  • 9. Advanced Engineered Materials 4th Qtr 4th Qtr FY FY in millions 2007 2006 2007 2006 Net Sales $224 $915 $253 $1,030 Operating EBITDA $58 $260 $45 $252 Fourth Quarter 2007: ► Net sales increase driven primarily by strong volume growth (8%) and positive currency effects (6%) ► Higher raw material and energy costs and lower pricing due to product mix more than offset volume growth ► Overall lower earnings from equity affiliates and continued high input cost pressures drove decreased Operating EBITDA 9
  • 10. Consumer Specialties 4th Qtr 4th Qtr FY FY in millions 2007 2006 2007 2006 Net Sales $224 $876 $279 $1,111 Operating EBITDA $53 $228 $57 $274 Fourth Quarter 2007: ► Increase in net sales for the quarter primarily the result of $62 million contribution from APL ► Operating EBITDA improvement driven by higher overall volumes and pricing as well as incremental earnings from APL 10
  • 11. Industrial Specialties 4th Qtr 4th Qtr FY FY in millions 2007 2006 2007 2006 Net Sales $309 $1,281 $331 $1,346 Operating EBITDA $25 $118 $41 $119 Fourth Quarter 2007: ► Increase in net sales primarily driven by favorable pricing and currency effects ► Higher pricing on strong demand offset raw material cost pressures contributing to improved Operating EBITDA for the quarter 11
  • 12. Acetyl Intermediates 4th Qtr 4th Qtr FY FY in millions 2007 2006 2007 2006 Net Sales $831 $3,615 $3,351 $1,083 Operating EBITDA $169 $672 $231 $762 Fourth Quarter 2007: ► Higher pricing, additional volumes from Nanjing unit and favorable currency effects drove record sales ► Favorable supply/demand economics, industry production outages and strong demand sustained higher pricing for acetic acid and VAM ► Operating EBITDA includes increased dividends from the Ibn Sina cost affiliate 12
  • 13. Affiliates Continue to Deliver Value 4Q 2007: Earnings impact relatively flat for the period; Decreased cash flows due to special ► dividend from Polyplastics in 4Q 2006 FY 2007: Increased earnings driven primarily by higher cost dividends from China Acetate ► ventures and Ibn Sina affiliate Operating EBITDA of $1,325 excludes ~$93 million of proportional Affiliate EBITDA ► FY 2008: Affiliate earnings1 expected to be between $175 - $185 million ► Income Statement Cash Flow 200 200 160 160 $ millions $ millions 120 120 80 80 40 40 0 0 4Q 2006 4Q 2007 FY 2006 FY 2007 4Q 2006 4Q 2007 FY 2006 FY 2007 Dividends - Cost Investments Dividends - Cost Investments Earnings - Equity Investments Dividends - Equity Investments 13 Cost dividends and equity earnings. Note: All figures exclude results of the divested Oxo Alcohol business. 1
  • 14. Continued Strong Cash Generation Adjusted Free Cash Flow FY 2007 FY 2006 in millions Net cash provided by operating activities $566 $751 Adjustments to operating cash for discontinued operations $84 ($10) Net cash provided by operating activities from continuing operations $650 $741 Less: Capital expenditures $288 $244 Add: Other charges and other adjustments1 $23 ($41) Adjusted Free Cash Flow $385 $456 Factors contributing to strong cash generation during 2007: ► Strong operating performance ► Continued commitment and increased investment in Asia ► 2007 cash flows from operations included ~$90 million in additional cash taxes Amounts primarily associated with the long-term management compensation plan payment in 2007 and the cash outflows for purchases of other productive assets that are classified as 1 14 ‘investing activities’ for U.S. GAAP purposes.
  • 15. 2008 Guidance 2008 Updated Guidance Adjusted Operating EPS EBITDA ($MM) Current $3.40 - $3.70 $1,290 - $1,360 Previous $3.35 - $3.65 $1,280 - $1,350 Affiliate Income1 Estimated Adjusted Tax Rate for ► ► Adjusted EPS $175 – $185 million 26% Net Interest2 ► Cash Taxes ► $200 – $210 million $100 – $120 million Depreciation and Amortization ► Capital Expenditure ► $300 – $310 million $280 – $300 million Share Count ► 169 million Cost dividends and equity earnings. 1 15 Net cash interest and interest expense. 2
  • 17. 4Q 2007 Other Charges and Other Adjustments by Segment in millions AEM CS IS AI Other Total Employee termination - - $1 $4 - $5 benefits Plant/office closures - - $2 $5 - $7 Insurance recoveries ($2) - - - - ($2) associated with plumbing cases Insurance recoveries - ($5) ($7) ($63) $35 ($40) associated with Clear Lake Resolution of commercial - - - ($31) - ($31) disputes Ticona Kelsterbach relocation $1 - - - - $1 Other - $1 $1 ($2) - - Total other charges ($1) ($4) ($3) ($87) $35 ($60) - Business optimization $1 - - $7 $8 Edmonton sale - ($22) - ($12) - ($34) Other ($10) ($1) $2 $2 - ($7) Total other adjustments ($9) ($23) $2 ($10) $7 ($33) Total other charges and ($10) ($27) ($1) ($97) $42 ($93) other adjustments 17
  • 18. Reg G: Reconciliation of Adjusted EPS Adjusted Earnings Per Share - Reconciliation of a Non-U.S. GAAP Measure Three Months Ended Twelve Months Ended December 31, December 31, 2007 2006 2007 2006 (in $ millions, except per share data) Earnings from continuing operations 125 526 before tax and minority interests 313 447 Non-GAAP Adjustments: 1 Other charges and other adjustments 15 92 (93) 113 - - Refinancing costs - 254 Adjusted earnings from continuing operations 140 618 before tax and minority interests 220 814 2 Income tax provision on adjusted earnings (35) (163) (62) (228) (1) Minority interests (4) (1) (1) Adjusted earnings from continuing operations 157 104 585 451 Preferred dividends (2) (10) (3) (10) Adjusted net earnings available to common shareholders 154 102 575 441 Add back: Preferred dividends 2 10 3 10 Adjusted net earnings for adjusted EPS 157 104 585 451 Diluted shares (millions) Weighted average shares outstanding 158.7 158.6 151.7 154.5 12.0 Assumed conversion of Preferred Shares 12.0 12.0 12.0 - Assumed conversion of Restricted Stock - 0.4 0.6 1.8 1.2 Assumed conversion of stock options 4.3 4.3 Total diluted shares 172.5 171.8 168.6 171.2 Adjusted EPS 0.93 0.61 3.42 2.62 1 See Table 7 for details 2 The adjusted tax rate for the three and twelve months ended December 31, 2007 is 28% based on the original full year 2007 guidance. 18
  • 19. Reg G: Reconciliation of Net Debt Net Debt - Reconciliation of a Non-U.S. GAAP Measure Net Debt - Reconciliation of a Non-U.S. GAAP Measure December 31, December 31, 2007 2006 (in $ millions) Short-term borrowings and current installments of long-term debt - third party and affiliates 309 272 Long-term debt 3,189 3,284 Total debt 3,556 3,498 Less: Cash and cash equivalents 791 825 Net Debt 2,731 2,707 19
  • 20. Reg G: Other Charges and Other Adjustments Other Charges and Other Adjustments Other Charges: Three Months Ended Twelve Months Ended December 31, December 31, (in $ millions) 2007 2006 2007 2006 Employee termination benefits 1 12 5 32 (1) Plant/office closures (1) 11 7 Insurance recoveries associated with plumbing cases (2) (5) (2) (4) Insurance recoveries associated with Clear Lake, Texas - - (40) (40) Resolution of commercial disputes with a vendor - - (31) (31) Deferred compensation triggered by Exit Event - - - 74 Asset impairments - - - 9 Ticona Kelsterbach plant relocation - - 1 5 - Other 4 - 2 Total (60) (2) 58 10 Other Adjustments: 1 Three Months Ended Twelve Months Ended December 31, December 31, (in $ millions) 2007 2006 2007 2006 Executive severance & other costs related to Squeeze-Out 2 30 - - Ethylene pipeline exit costs - - - 10 Business optimization 8 12 8 18 Foreign exchange loss related to refinancing transaction - - - 22 Loss on AT Plastics films sale - - - 7 2 Discontinued methanol production 16 52 - 31 Gain on disposal of investment (Pemeas) (11) (11) - - Gain on Edmonton sale - - (34) (34) Other 2 (1) (7) 1 (33) 17 55 82 Total (93) 15 113 92 Total other charges and other adjustments 1 These items are included in net earnings but not included in other charges. 2 Adjusted earnings per share included earnings from its discontinued methanol production which was included in the company's 2007 guidance. 20
  • 21. 21 Segment Data and Reconciliation of Operating Profit (Loss) to Operating EBITDA - a Non-U.S. GAAP Measure Three Months Ended Twelve Months Ended December 31, December 31, (in $ millions) 2007 2006 2007 2006 Net Sales 253 1,030 Advanced Engineered Materials 224 915 279 1,111 Consumer Specialties 224 876 331 1,346 Industrial Specialties 309 1,281 1,083 3,615 Acetyl Intermediates 831 3,351 1 Other Activities - 2 6 22 (186) (660) Intersegment eliminations (164) (667) Total 1,760 1,430 6,444 5,778 Operating Profit (Loss) 30 133 Advanced Engineered Materials 29 145 69 199 Consumer Specialties 41 165 26 28 Industrial Specialties 9 44 276 616 Acetyl Intermediates 107 456 1 Other Activities (77) (228) (46) (190) Total 324 140 748 620 Equity Earnings and Other Income/(Expense) 2 7 55 Advanced Engineered Materials 13 55 3 40 Consumer Specialties 2 24 - - Industrial Specialties - (1) 27 78 Acetyl Intermediates 23 63 1 Other Activities 8 - 12 22 Total 45 50 173 163 Other Charges and Other Adjustments 3 (10) (5) Advanced Engineered Materials (1) (5) (27) (16) Consumer Specialties - - (1) 32 Industrial Specialties 2 16 (97) (38) Acetyl Intermediates 16 52 1 Other Activities 42 140 (2) 29 Total (93) 15 113 92 Depreciation and Amortization Expense 18 69 Advanced Engineered Materials 17 65 12 51 Consumer Specialties 10 39 16 59 Industrial Specialties 14 59 25 106 Acetyl Intermediates 23 101 1 Other Activities - 5 6 2 Total 73 64 291 269 Operating EBITDA Reg G: Reconciliation of Operating EBITDA 45 252 Advanced Engineered Materials 58 260 57 274 Consumer Specialties 53 228 41 119 Industrial Specialties 25 118 231 762 Acetyl Intermediates 169 672 1 Other Activities (25) (82) (36) (134) Total 349 269 1,325 1,144 1 Other Activities primarily includes corporate selling, general and administrative expenses and the results from captive insurance companies. The 2007 Operating Profit (Loss) and Other Charges and Other Adjustments amounts include deductible associated with insurance recovery. 2 Includes equity earnings from affiliates, dividends from cost investments and other income/(expense). 3 Excludes adjustments to minority interest, net interest, taxes, depreciation, amortization and discontinued operations (See Table 7).
  • 22. Reg G: Equity Affiliate Preliminary Results and Celanese Proportional Share - Unaudited Equity Affiliate Preliminary Results - Celanese Proportional Share - Unaudited4 Equity Affiliate Preliminary Results - Total - Unaudited Three Months Ended Twelve Months Ended Three Months Ended Twelve Months Ended (in $ millions) December 31, December 31, (in $ millions) December 31, December 31, 2007 2006 2007 2006 2007 2006 2007 2006 Net Sales Net Sales Ticona Affiliates 143 542 155 587 Ticona Affiliates1 Infraserv 124 518 310 1,172 199 587 336 1,270 Total Infraserv2 354 267 1,174 1,060 381 1,391 623 1,798 Total Operating Profit 959 691 3,068 2,563 Ticona Affiliates 19 81 19 89 Operating Profit Infraserv 5 21 9 29 Total Ticona Affiliates 41 171 28 24 118 102 40 188 Infraserv 13 60 26 87 Depreciation and Amortization Total 66 54 275 231 Ticona Affiliates 7 24 8 26 Infraserv 6 25 11 31 Depreciation and Amortization Total 19 13 57 49 Ticona Affiliates 16 51 17 56 Affiliate EBITDA3 Infraserv 22 81 26 87 Ticona Affiliates 26 104 27 115 Total 43 38 143 132 Infraserv 11 45 20 59 Total 47 37 174 149 Affiliate EBITDA3 Equity in net earnings of affiliates (as reported on the Income Statement) Ticona Affiliates 57 222 57 244 Ticona Affiliates 13 52 9 56 Infraserv 35 141 52 174 Infraserv 7 21 7 25 Total Other5 109 92 418 363 3 3 1 1 Total 17 23 82 76 Net Income Affiliate EBITDA in excess of Equity in net earnings of affiliates6 Ticona Affiliates 27 112 21 119 Ticona Affiliates 13 52 Infraserv 15 53 18 59 20 79 Infraserv 4 24 13 34 Total 41 42 198 165 Total 31 17 93 76 Net Debt Net Debt Ticona Affiliates 25 25 208 208 Ticona Affiliates 11 11 96 96 Infraserv 25 25 Infraserv 11 11 15 15 39 39 Total 111 22 111 22 Total 247 50 247 50 1 Ticona Affiliates includes PolyPlastics (45% ownership), Korean Engineering Plastics (50%) and Fortron Industries(50%) 2 Infraserv includes Infraserv Entities valued as equity investments (Infraserv Höchst Group - 31% ownership, Infraserv Gendorf - 39% and Infraserv Knapsack 27%) 3 Affiliate EBITDA is the sum of Operating Profit and Depreciation and Amortization, a non-U.S. GAAP measure 4 Calculated as the product of figures from the above table times Celanese ownership percentage 22 5 . This represents liquidating dividends from Clear Lake Methanol Patrners 6 Product of Celanese proportion of Affiliate EBITDA less Equity in net earnings of affiliates; not included in Celanese operating EBITDA