Celanese Q3 Report 2022

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today
reported third quarter 2022 GAAP diluted earnings per share of $1.76 and adjusted earnings per share of $3.94. The Company
generated net sales of $2.3 billion in the third quarter, a 7 percent decrease from the prior quarter due to sequential decreases in
price and volume of 3 percent and 2 percent, respectively, and a 2 percent unfavorable currency impact. Celanese navigated
declines in European and Asian demand, customer destocking, and continued cost inflation to deliver third quarter consolidated
operating profit of $308 million and adjusted EBIT of $510 million. On November 1, 2022, the Company successfully
completed the acquisition of Mobility & Materials (M&M), acquiring a broad portfolio of engineered thermoplastics and
elastomers, industry-renowned brands and intellectual property, global production assets, and a world-class organization. The
acquisition establishes Celanese as the preeminent global specialty materials company and is expected to drive enhanced
growth and free cash flow generation.