Celanese Outlines 2020 Growth Strategy and Capital Deployment Plans at Investor Day

Celanese Corporation (NYSE:CE), a global specialty materials company, will host an Investor Day at 8 a.m. Eastern time today in New York City. Chairman and Chief Executive Officer Mark Rohr and other members of Celanese’s executive management team will provide details on the company’s business strategies and growth plans through 2020.

“Over the past several years, Celanese has delivered excellent performance driven by our unique combination of capabilities, operational flexibility, global reach, and commercial models,” said Rohr. “Since 2012, the result has been over 700 basis points of expansion in adjusted EBIT margins and a double-digit annual increase in adjusted earnings per share. We have significantly invested in the business while also returning about $3 billion in cash to shareholders and generating industry-leading shareholder returns.”

Rohr continued, “Today, through the deliberate actions we have taken to expand our solutions-based capabilities in Engineered Materials (EM) and the network-based operational flexibility of the Acetyl Chain (AC), Celanese is better positioned than ever for continued success.”

During the event, Celanese management will discuss more about the opportunities before us and our differentiated models that will drive earnings and cash flow expansion through 2020.

Engineered Materials: Strong Growth Trajectory

Scott Sutton, Chief Operating Officer, will outline Engineered Materials’ ability to generate sustained earnings expansion through the continued execution of its novel operating model. The business offers the broadest solutions portfolio of polymers, functionalities, and customer-enabling competencies to generate project-based growth well above market rates. Addressing customers’ needs to handle increased complexity has allowed EM to win an increasing number of projects across end markets. The business will continue to scale the project pipeline via translation and targets 5,000 commercializations annually by 2020, more than double the wins in 2017. The momentum will be enhanced by focusing on key programs like medical and energy storage along with technology-driven platforms. The segment will continue to pursue targeted, bolt-on acquisitions to enhance its product portfolio, capabilities, and geographic reach, driving value generation from synergies within the acquired businesses over time.