Issue 4/2021 - Chemical giants at a glance

Dow earned $1.
65 per share for the fourth quarter of 2020 and operating earnings per share were $
0.
81.
Net sales were $10.
7 billion, up 5% from the same period last year.

Free cash flow was $5.
0 billion in 2020, an increase of $1.
2 billion
from 2019.
Cash flow conversion rate was 93% in the fourth quarter of 2020, compared to 112% for the full year, an increase of 30%
year-over-year.
Net debt decreased by $837 million in the fourth quarter of 2020 and improved by more than $2.
6 billion in 2020
.
The company will not have large long-term debt maturities
until the second half of 2024.

Eastman's fourth-quarter 2020 sales revenue was $2.
186 billion, down 0.
86% from 2019; Adjusted EBIT was US$329 million, an increase of 17.
92% over 2019; Free cash flow was $301 million, a decrease of 45.
67%
from 2019.
The annual sales revenue in 2020 was US$8.
473 billion, a decrease of 8.
63% from 2019; Adjusted EBIT was US$1.
216 billion, down 12.
46% from 2019.
Free cash flow was $1,072 million, down 0.
65%
from 2019.

LANXESS expects EBITDA in the area of ordinary operations to reach EUR 200 million in the fourth quarter of 2020, 10 percent higher than the average market expectation of EUR 181 million and well above average market expectations and 2019
.
Demand growth in the quarter, especially in the automotive industry in December, exceeded expectations, negatively impacting
results.
In the fourth quarter of 2020, LANXESS EBITDA amounted to €197 million in
the normal business area.

LG Chem's revenue in 2020 exceeded 30 trillion won for the first time to reach 30.
0575 trillion won, an increase of 9.
9%
over 2019.
Operating profit was KRW 2,353.
2 billion, up 185.
1%
y/y.
In terms of business performance in the fourth quarter, the company achieved revenue of KRW 8.
858 trillion, up 19.
9%
year-on-year.
Operating profit was KRW 673.
6 billion, down 25.
3%
from the previous quarter.

BASF's sales rose by 8 percent to €15,905 million in the fourth quarter of 2020, mainly due to
higher volumes and price increases.
For the full year 2020, sales declined by €167 million to €59,149 million, EBIT before special items is expected to be €1,113 million, up 32 percent from the same period in 2019, and EBIT before special items in the Materials, Chemicals and Industrial Solutions segment significantly exceeded analysts' average forecasts
.
EBIT before special items in the Surface Technologies and Nutrition & Care segments were slightly below analysts' average forecasts
.

ExxonMobil posted a net loss of $20.
07 billion in the fourth quarter of 2020 and a net loss of $22.
44 billion for the full year, the first time the company has recorded a full-year loss
in at least 40 years.
Total revenue in the fourth quarter of 2020 was US$46.
54 billion, down 30.
7% year-on-year; Net loss attributable to the company was $20.
07 billion, largely attributable to asset impairment
.
According to the financial report, the company's total revenue in 2020 was 181.
502 billion US dollars, a year-on-year decrease of 31.
5%; Net loss attributable to the company was $22.
44 billion, compared to net profit of $14.
34 billion
in the same period last year.

Wacker generated sales of €4.
69 billion in 2020, five percent
less than in 2019 (€4.
93 billion).
Sales fell sharply in the second quarter of 2020 due to the coronavirus pandemic, partially compensated for by strong demand from the construction and polysilicon markets in the third and fourth
quarters of 2020.
In addition to a slight decrease in sales volume compared to 2019 overall, price changes and exchange effects also dampened sales in
2020.

SABIC reported sales of SAR 32.
85 billion (US$8.
76 billion) and net income of SAR 2.
22 billion (US$592 million) in the fourth quarter of 2020, up 104%
sequentially.
Full-year profit for 2020 was 40 million riyals ($10.
67 million).

SABIC's full-year revenue was 116.
96 billion riyals ($31.
19 billion) in 2020 and 135.
4 billion riyals ($36.
1 billion)
in 2019.

Honeywell reported sales and endogenous sales declines of 6% and 7%, respectively, year-over-year in the fourth quarter of 2020, and decreased 11%
in full-year reported and endogenous sales, respectively.
For the full year, operating margin decreased 120 basis points and segment margin decreased 70 basis points to earnings per share of $6.
72 and adjusted earnings per share of $7.
10, above the upper end
of the guidance forecast.
Aerospace Group organic sales decreased 19% in the fourth quarter, Intelligent Building Technologies Group organic sales decreased 4% in the fourth quarter, Performance Materials and Technologies Group organic sales decreased 12% in the fourth quarter, and Safety & Productivity Solutions Group organic sales increased 27%
in the fourth quarter.