LyondellBasell Industries N.V. (LYB) Presents at 2025 J.P. Morgan Industrials Conference (Transcript)

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LyondellBasell Industries N.V. (NYSE:LYB) 2025 J.P. Morgan Industrials Conference Call March 12, 2025 11:15 AM ET

Company Participants

Peter Vanacker - Chief Executive Officer

Conference Call Participants

Jeffrey Zekauskas - J.P. Morgan

Jeffrey Zekauskas

Hi, good morning. I'm Jeff Zekauskas. I analyze chemicals for J.P. Morgan in North America. And this morning, it's my pleasure to introduce the management of Lyondell. Representing Lyondell is Peter Vanacker, who is the CEO and has been the CEO since 2022. He's a long-standing chemical and refining industry executive in that previously, he was the CEO of Neste. And back in the old days, he managed the urethanes business of Bayer MaterialScience which became Covestro. Accompanying Peter is Dave Kinney, who's in the first row, who is the Head of Investor Relations. The format will be a fireside chat. And I think Peter will begin with some introductory remarks.

Peter?

Peter Vanacker

Yes, absolutely. And of course, Jeff, just like last year, I mean, thanks for having us here today. Thanks also to all of you for joining us on the webcast. I would like to start with a couple of few slides and remind everybody of LyondellBasell's strategy, the progress towards our goals and the current status of the markets. As usual, we ask that you review our customary language around our forward-looking statements and non-GAAP financial measures. Reconciliations of non-GAAP financial measures are found in the appendix to this deck which is also available on lyb.com.

Our team is making great progress on the strategy we introduced nearly 2 years ago at our Capital Markets Day also here in New York in 2023. And I'm really pleased with how the strategy is bringing clarity and focus to our direction, both within the company and with external stakeholders, including our investors. I'm also proud that we have

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