LyondellBasell Industries N : European Asset Sale

Published: 2025-06-05 05:19:12 ET LYB

Published on 06/05/2025 at 05:19

European Asset Sale

June 5, 2025

Agenda

Sharpening our focus

Creating a sustainable European footprint Transaction overview

Deal timeline Advancing our strategy

Sharpening our focus

Active portfolio management supports refocusing our resources toward profitable growth

Jun 2025

Agreement with AEQUITA for the sale of four O&P assets1

Hosted Capital Markets Day unveiling new strategy

May 2024

Launched European Strategic Review

Divested EO&D business

Mar 2025

Announced closure of Dutch PO JV

Exit from Refining business

In Progress

Brindisi remains under review

MÜNCHSMÜNSTER (DE)

Capacity

CARRINGTON (UK)

Capacity

Products (kta)

PP 210

Products Ethylene Propylene Crude C4(5)

(kta)

400

265

67

HDPE 320

BERRE (FR)

Capacity

TARRAGONA (ES)

Capacity

Products (kta)

PP 390

Transaction footprint4

Agreement to divest four O&P assets to AEQUITA1

AEQUITA is well-positioned with a successful history of managing industrial businesses

Significant milestone for LYB to refocus resources and transform our portfolio

Transaction supports our long-term goals to grow and upgrade our core as we establish profitable leadership in circular solutions

Products

(kta)

Ethylene

465

Propylene

270

Crude C4(5)

155

LDPE

320

PP

350

Portfolio actions2 estimated to increase LYB historical average EBITDA margin3 by ~3 percentage points and improve cash conversion

Put option agreement provides for entry into sale and purchase agreement after conclusion of employee information and works council consultation processes.

Portfolio actions include exit from refining business and European shutdowns and divestitures announced to date

EBITDA margin is EBITDA excluding identified items divided by revenues. Amounts reflect historical average for 2020-2024. 4

LYB 2024 capacity data

Typical by-product production

Creating a sustainable European footprint

Aligned with LYB long-term strategy to strengthen profitability and resiliency

LYB 2024

global O&P footprint1

Sites to be sold generated modest EBITDA excluding identified items and

consumed €110 MM in annual capital expenditures on average from 2020 to 2024

17%

9%

13%

90%

10%

61%

Europe remains a core region for LYB Future LYB European footprint will support:

technology-driven growth in Ferrara, Frankfurt and Ludwigshafen

favorable economics and carbon footprint for producing propylene oxide and oxyfuels from LYB PO/TBA technology in Rotterdam and Fos-sur-Mer

profitable fossil-based production from our flexible-feedstock crackers in

Cologne

Integrated supply of feedstocks to serve growing demand for recycled polyolefins from our Cologne hub

strong leadership position in APS that enhances customer access and accelerates growth in specialty polymers

LYB sales mix will improve with higher share of capacity from cost-advantaged regions (U.S. & Middle East)

Cost-advantaged regions2 Europe

Rest of world

European Strategic Review

Under review

LYB post-divestiture global O&P footprint 1

21%

11%

68%

Capacities include LYB proportional share of JVs. Products include ethylene, propylene, PE, and PP

Cost-advantaged regions include United States and Middle East 5

Disclaimer

LyondellBasell Industries NV published this content on June 05, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 05, 2025 at 09:18 UTC.