Celanese Corporation Reports Full Year 2022 and Fourth Quarter Earnings

Full year net sales reflected increases in pricing and volume of 11 percent and 6 percent over 2021,
respectively.

The Company delivered year over year pricing growth and productivity across both business segments to largely
offset over $1.2 billion in raw material, energy, and supply chain cost inflation over 2021.

Acetyl Chain: Full year net sales reflected a 6 percent increase in pricing, 6 percent decrease in volume, and 3 percent unfavorable impact from
foreign currency. As a result of commercial pricing actions, the business offset the majority of approximately $650 million in
raw material, energy, and supply chain cost inflation over the prior year.

Engineered Materials:  Net sales was
driven by volume and price increases of 33 percent and 23 percent, respectively, and an 8 percent unfavorable impact from
foreign currency. . Pricing across
2022 expanded significantly as a result of broad commercial initiatives, including the implementation of an energy surcharge, to
mitigate nearly $600 million in raw material, energy, and supply chain cost inflation.