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TheStreet Open House

Celanese's CEO Discusses Q2 2012 Results - Earnings Call Transcript

The Celanese Corporation second quarter 2012 earnings release was distributed via Business Wire on July 23 and is posted on our website www.celanese.com in the Investor Section along with the PowerPoint slides and the company’s prerecorded remarks regarding second quarter results. These items were also submitted to the SEC in current reports on Form 8-K this morning.

This call will include forward-looking statements concerning, for example, Celanese Corporation’s future objectives and results, which will be made under the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. The words “expect,” “believe,” “anticipate,” “intend,” “plan”, and similar expressions identify forward-looking statements. Any such forward-looking statements are subject to risks and uncertainties and the company’s future results could differ materially from the historical results or current expectations.

For more details on these risk and uncertainties, please see our most recent form 10-K and subsequent periodic filings we make with the SEC. The limitations inherent in such forward-looking statements are also further detailed in the earnings release I referenced earlier which is posted on our website.

The forward-looking statements made during this call are made on and as of the date of this call, and Celanese undertakes no obligations to update these forward-looking statements to reflect subsequent events or circumstances.

This call will also reference the performance measures of operating EBITDA, business operating EBITDA, affiliate EBITDA and proportional affiliate EBITDA, adjusted earnings per share and net debt as non-GAAP measures. For the most directly comparable financial measures presented in accordance with U.S. GAAP in our financial statements and for a reconciliation of our non-U.S. GAAP measures to U.S. GAAP measures, please see the accompanying schedules to the second quarter earnings release posted on our website.

Now, let me turn the call over to Mark. Mark?

Mark Rohr

Thanks, Jon. And welcome everyone to today’s call. As you are probably aware, we have changed our earnings call process. Starting this quarter we released our earnings press release yesterday after market close, additionally we posted our earnings press release, earning slides, and prepared remarks, both text and audio to our website yesterday.

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