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Clariant AG

Investor Presentation • Jul 29, 2008

856_ip_2008-07-29_1060fd88-2c81-47f7-bac3-0b182c39f79c.pdf

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First Half / Second Quarter 2008 Results July 29, 2008

Agenda

Highlights & financial results first half 2008 Financial results second quarter Business reviewOutlook

First half 2008 – highlights

  • Price increases of 5% fully compensate for an 11% increase in raw material costs
  • Implementation of strategic action plans in the divisions delivering results
  • Acquisition of Rite Systems/Ricon Colors strengthens Masterbatches
  • Closure of TLP site in Horsforth, UK, announced
  • Reduction of 750 jobs, bringing total to about 1,800 of 2,200 planned
  • Full–year outlook unchanged

Committed to achieving our targets

Financial Results Second Quarter

Strong sales growth in Asia

Strong pricing generating positive sales growth

Second quarter 2008 versus Second quarter 2007

Gross margin improving

  • Price increases of 6% compensate for a 13% increase in raw material costs
  • Gross margin improves to 28.9% from 28.7% in Q2/07
  • Sales, general and administration costs rise to 20.5% from 20.0% in Q2/07
  • Operating income margin before exceptionals rises to 6.7% from 6.5% in Q2/07
  • Currency–related negative impact on operating income of CHF 23 million

First Half / Second Quarter 2008 Results

  • Financial result influenced by FX losses of CHF 4 million vs. gain of CHF 25 million in Q2/07
  • Net debt increases to CHF 1,476 million from CHF 1,357 million by the end of Q1/08 due to higher working capital financing needs
  • July 17: Certificate of Indebtedness ("Schuldscheindarlehen") launched: Euro 100 million, refinancing short-term borrowings with a tenor of 3.25 years on favorable terms despite difficult credit market conditions: spread of 125 bps over mid-swap (fixed rate tranche) / Euribor (floating rate tranche)

Debt maturity profile on July 17, 2008 (pro forma)

Business Review

Textile, Leather & Paper Chemicals

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  • Difficult market conditions in all three segments
  • Gross margin improved on sales price increases and restructuring measures
  • Key textile markets India and Turkey started to recover
  • Tight raw material supply situation in Paper business
  • Closure of TLP site Horsforth/Leeds, UK, under negotiation

Pigments & Additives

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  • Good sales growth in a challenging environment
  • Gross margin improved due to rapid implementation of restructuring measures
  • Good qualitative growth in Coatings and in Specialties
  • Plastics business recovered in mature markets
  • Base Products business unit contributing positively to operating result

Functional Chemicals

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  • Double-digit sales growth in local currencies
  • Improved volumes and sales prices offset escalating raw material costs
  • Turnaround in Detergents & Intermediates confirmed
  • Construction benefiting from infrastructure projects in emerging markets
  • Chemical Management Solutions business HQ opened in Houston, Texas

Masterbatches

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  • Sales in local currencies up in mature markets despite an economic slowdown
  • Reasonable trading conditions in packaging and consumer goods, weak demand in textile and automotive
  • Selective price increases offset higher raw material costs
  • Currency developments a burden for European customers
  • Acquisition of Rite Systems / Ricon Colors in the US to strengthen and leverage liquid masterbatches business

Rite Systems/Ricon Colors – competence in liquid colors

  • Rite Systems/Ricon Colors – no. 2 US suppliers of liquid color masterbatches with annual sales of USD 50 million
  • Liquid colors are masterbatches dispersed in a liquid carrier
  • Market size liquid colors approx. 3% of the USD 10 billion masterbatches market
  • Clariant can now offer liquid and solid masterbatches to both domestic and international markets
  • Leverage new competence into other regions where Clariant enjoys strong market positions

WEST CHICAGO, Ill.

MOORESVILLE, N.C.

CHINO, California

VIENNA, Austria

Outlook

First Half / Second Quarter 2008 Results

Outlook for 2008

Environment

  • Further increasingly uncertain economic outlook
  • Continuing increases in raw material and energy costs

Clariant

  • Improving operating margin before exceptional items compared to 2007
  • Continuing strong cash flow generation
  • Period of active portfolio reshaping

Calendar of upcoming corporate events

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Clariant International Ltd Rothausstrasse 61 4132 Muttenz Switzerland [email protected]

Backup Slides

First half 2008 – Key financial group figures

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* organic growth: volume and price effects excluding the impact of changes in foreign currency exchange rates and acquisitions/divestitures

** the presentation of the cash flow statement was changed to provide additional relevant information. Comparative information was reclassified accordingly.

Sales and EBITDA margins by divisions – first half 2008

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*before exceptional items

First Half / Second Quarter 2008 Results

Cash flow first half 2008

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First Half / Second Quarter 2008 Results July 29, 2008 Slide 27 * the presentation of the cash flow statement was changed to provide additional relevant information. Comparative information was reclassified accordingly.

Financial result first half 2008

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ina
ia
l re
l
t
t
a
nc
su		 -8
6		 -1
9

Textile, Leather & Paper Chemicals – first half results

F
i
h
l
f
2
0
0
8
t
r
s
a
2
0
0
8		 2
0
0
7		 C
h
a		 n
g
e
C
H
F m
i
l
l
io
n		 %
f s
le
o
a
s		 C
H
F m
i
l
l
io
n		 %
f s
le
o
a
s		 %
C
H
F		 %
L
C
S
l
a
e
s		 0
0
1,
7		 9
8
1,
1		 %
1
1
-		 3
%
-
b
f
i
l
E
B
I
T
D
A
t
e
o
r
e
e
c
e
p
o
n
a
s
x		 9
8		 %
9.
2		 1
1
9		 %
9.
9		 %
1
8
-		 %
1
2
-
O
i
i
b
f
i
l
t
t
p
e
r
a
n
g
n
c
o
m
e
e
o
r
e
e
x
c
e
p
o
n
a
s		 6
6		 6.
2
%		 8
3		 6.
9
%		 2
0
%
-		 1
4
%
-
O
i
i
t
p
e
r
a
n
g
n
c
o
m
e		 5
1		 %
4.
7		 7
4		 2
%
6.		 3
%
1
-		 2
%
5
-
  • Difficult market conditions in all three segments
  • Gross margin improved on sales price increases and restructuring measures
  • Key textile markets India and Turkey started to recover
  • Tight raw material supply situation in Paper business
  • Closure of TLP site Horsforth/Leeds, UK, under negotiation

Pigments & Additives – first half results

F
i
h
l
f
2
0
0
8
t
r
s
a
2
0
0
8		 2
0
0
7		 C
h
a		 n
g
e
C
H
F m
i
l
l
io
n		 %
f s
le
o
a
s		 C
H
F m
i
l
l
io
n		 %
f s
le
o
a
s		 %
C
H
F		 %
L
C
S
l
a
e
s		 1,
0
6
8		 1,
0
6
1		 %
1		 %
7
E
B
I
T
D
A
b
f
i
l
t
e
o
r
e
e
x
c
e
p
o
n
a
s		 1
5
6		 1
4.
6
%		 1
3
8		 1
3.
0
%		 1
3
%		 1
9
%
O
i
i
b
f
i
l
t
t
p
e
r
a
n
g
n
c
o
m
e
e
o
r
e
e
x
c
e
p
o
n
a
s		 8
1
1		 %
1
1.
0		 9
8		 9.
2
%		 2
%
0		 2
%
7
O
i
i
t
p
e
r
a
n
g
n
c
o
m
e		 1
0
1		 %
9.
5		 9
7		 %
9.
1		 %
4		 %
1
0
  • Good sales growth in a challenging environment
  • Gross margin improved due to rapid implementation of restructuring measures
  • Good qualitative growth in Coatings and in Specialties
  • Plastics business recovered in mature markets
  • Base Products business unit contributing positively to operating result

Functional Chemicals – first half results

F
i
h
l
f
2
0
0
8
t
r
s
a
2
0
0
8		 2
0
0
7		 C
h
a		 n
g
e
C
i
l
l
io
H
F m
n		 %
f s
le
o
a
s		 C
i
l
l
io
H
F m
n		 %
f s
le
o
a
s		 %
C
H
F		 %
C
L
S
l
a
e
s		 1,
4
1
3		 1,
3
5
5		 %
4		 %
1
0
E
B
I
T
D
A
b
f
i
l
t
e
o
r
e
e
x
c
e
p
o
n
a
s		 1
5
2		 1
0.
7
%		 1
3
2		 9.
7
%		 1
5
%		 2
2
%
O
i
i
b
f
i
l
t
t
p
e
r
a
n
g
n
c
o
m
e
e
o
r
e
e
x
c
e
p
o
n
a
s		 8
1
1		 8.
%
4		 9
8		 2
%
7.		 2
0
%		 2
%
7
O
i
i
t
p
e
r
a
n
g
n
c
o
m
e		 1
1
1		 %
7.
9		 9
9		 %
7.
3		 %
1
2		 %
1
9
  • Double-digit sales growth in local currencies
  • Improved volumes and sales prices offset escalating raw material costs
  • Turnaround in Detergents & Intermediates confirmed
  • Construction benefiting from infrastructure projects in emerging markets
  • Chemical Management Solutions business HQ opened in Houston, Texas

Masterbatches – first half results

F
i
h
l
f
2
0
0
8
t
r
s
a
2
8
0
0		 2
0
0
7		 C
h
a		 n
g
e
C
H
F m
i
l
l
io
n		 %
f s
le
o
a
s		 C
H
F m
i
l
l
io
n		 %
f s
le
o
a
s		 %
C
H
F		 %
L
C
S
l
a
e
s		 8
2
6		 2
2
7		 %
6
-		 %
1
b
f
i
l
E
B
I
T
D
A
t
e
o
r
e
e
c
e
p
o
n
a
s
x		 7
7		 %
1
1.
3		 8
4		 %
1
1.
6		 %
8
-		 %
2
-
O
i
i
b
f
i
l
t
t
p
e
r
a
n
g
n
c
o
m
e
e
o
r
e
e
x
c
e
p
o
n
a
s		 6
1		 9.
0
%		 6
7		 9.
3
%		 9
%
-		 3
%
-
O
i
i
t
p
e
r
a
n
g
n
c
o
m
e		 9
5		 8.
%
7		 9
4		 8
%
6.		 2
%
1		 2
8
%
  • Sales in local currencies up in mature markets despite an economic slowdown
  • Reasonable trading conditions in packaging and consumer goods, weak demand in textile and automotive
  • Selective price increases offset higher raw material costs
  • Currency developments a burden for European customers
  • Acquisition of Rite Systems / Ricon Colors in the US to strengthen and leverage liquid masterbatches business

Second quarter 2008 – Key financial group figures

S
d
2
8
t
0
0
e
c
o
n
q
a
r
e
r
u
2
0
0
8		 2
0
0
7
C
H
F m
i
l
l
io
n		 %
f s
le
o
a
s		 C
H
F m
i
l
l
io
n		 %
f s
le
o
a
s
S
le
a
s		 2,
1
2
1		 1
0
0
%		 2,
1
8
0		 1
0
0
%
(
)
Lo
l c
h
L
C
t
c
a
u
rre
nc
y
g
row		 5
%
O
ic
h r
*
t
t
rg
a
n
g
row
a
e
-		 %
5
is
i
io
/
ive
i
Ac
t
D
t
tu
q
ns
s
re
s
u
-		 %
0
Cu
ie
rre
nc
s		 -8
%
G
f
i
t
ro
s
s
p
ro		 6
1
4		 2
8.
9
%		 6
2
6		 2
8.
7
%
E
B
I
T
D
A
b
fo
t
io
ls
e
re
ex
c
e
p
na		 2
0
7		 9.
8
%		 2
1
1		 9.
7
%
E
B
I
T
D
A		 1
8
4		 %
8.
7		 1
9
6		 %
9.
0
O
ing
inc
b
fo
io
ls
t
t
p
e
ra
o
me
e
re
ex
c
e
p
na		 3
1
4		 %
6.
7		 2
1
4		 %
6.
5
O
ing
inc
t
p
e
ra
o
me		 1
1
8		 5.
6
%		 1
2
7		 5.
8
%
Ne
inc
fro
inu
ing
io
t
t
t
o
me
m
c
o
n
o
p
e
ra
ns		 5
1		 2.
4
%		 8
8		 4.
0
%
(
)
O
ing
h
f
low
l o
io
**
t
t
t
t
p
e
ra
c
a
s
o
a
p
e
ra
ns		 3
3		 1
7
D
is
inu
d
io
t
t
c
o
n
e
o
p
e
ra
ns
S
le
a
s		 0 3
5
Ne
lo
fro
d
is
inu
d
io
t
t
t
s
s
m
c
o
n
e
o
p
e
ra
ns		 0 -9
9

* organic growth: volume and price effects excluding the impact of changes in foreign currency exchange rates and acquisitions/divestitures

** the presentation of the cash flow statement was changed to provide additional relevant information. Comparative information was reclassified accordingly.

Sales and EBITDA margins by divisions – Second quarter 2008

S
d
2
8
t
0
0
e
c
o
n
q
a
r
e
r
u
S
le
a
s		 E
B
I
T
D
A
Ma
in
in
%
*
rg
C
H
F m
i
l
l
io
n		 %
L
C		 2
0
0
8		 2
0
0
7
Te
i
le,
Le
he
Pa
C
he
ic
ls
t
t
&
a
r
p
e
r
m
a
x		 5
5
4		 %
-1		 9.
9		 8
1
0.
P
ig
A
d
d
i
ive
t
&
t
me
n
s
s		 5
4
1		 8
%
+		 1
3.
7		 1
1.
0
Ma
b
he
t
t
s
e
r
a
c
s		 3
4
1		 1
%
+		 1
1.
1		 1
1.
8
io
l
C
he
ic
ls
Fu
t
nc
na
m
a		 6
8
5		 %
1
1
+		 9.
6		 8.
5
To
l
G
t
a
ro
p
u		 2,
1
2
1		 %
5
+		 9.
8		 9.
7

* before exceptional items

First Half / Second Quarter 2008 Results

Cash flow second quarter 2008

S
d
2
0
0
8
t
e
c
o
n
q
a
r
e
r
u
2
0
0
8
2
0
0
7
*
C
H
F m
i
l
l
io
n		 C
H
F m
i
l
l
io
n
Ne
inc
t
o
me		 5
1		 -1
1
De
ia
io
iza
io
im
irm
t
t
t
&
t
p
re
c
n,
a
mo
r
n
p
a
e
n		 6
6		 7
2
O
he
t
r		 -1
8		 8
6
O
ing
h
f
low
b
fo
k
ing
i
l
t
t
p
e
ra
c
a
s
e
re
wo
r
c
a
p
a		 9
9		 1
4
7
C
ha
in
k
ing
i
l a
d
is
io
t
ng
e
s
wo
r
c
a
p
a
n
p
rov
ns		 -6
6		 -1
3
0
O
ing
h
f
low
t
p
e
ra
c
a
s		 3
3		 1
7
C
i
l e
d
i
t
tu
a
p
a
xp
e
n
re		 -5
4		 -2
5
9
Pr
P
la
Eq
ip
ty,
t
&
t
o
p
e
r
n
me
n
u		 -6
0		 -7
5
C
ha
in
f
ina
ia
l a
t
t
ng
e
s
cu
rre
n
nc
s
s
e
s		 6 -1
8
4
is
i
io
d
is
ls
d
he
Ac
t
t
q
ns
p
o
s
a
a
n
o
r
u
,		 -2
1		 -8
Ca
h
f
low
be
for
f
ina
ing
s
e
nc		 2
-4		 -2
0
5

First Half / Second Quarter 2008 Results July 29, 2008 Slide 35 * the presentation of the cash flow statement was changed to provide additional relevant information. Comparative information was reclassified accordingly

Financial result second quarter 2008

S
d
t
2
0
0
8
e
c
o
n
q
u
a
r
e
r
2
0
0
8		 2
0
0
7
C
H
F m
i
l
l
io
n		 C
H
F m
i
l
l
io
n
inc
In
t
t
e
re
s
o
me		 2 6
In
t
t
e
re
s
ex
p
e
ns
e
s		 -1
9		 -2
9
O
t
he
f
ina
ia
l
inc
&
r
nc
o
me
ex
p
e
ns
e
s		 -3 -1
Ne
in
l
t
t
t
t
e
re
s
re
su		 -2
0		 -2
4
Cu
l
t,
t
rre
nc
y
re
su
ne		 -4 2
5
To
l
f
ina
ia
l re
l
t
t
a
nc
su		 -2
4		 1

Sales and cost structure year end 2007

These distributions represent an approximation to total cash in- and outflows and are closely linked to transaction exposures

First Half / Second Quarter 2008 Results

Divisional sales Full-Year 2007 in end-user markets

Continuing operations

First Half / Second Quarter 2008 Results

Top 5 products in percentage of total raw material costs

R
k
i
a
n
n
g		 P
d
t
r
o
u
c
1 E
h
l
O
i
d
t
&
y
e
n
e
x
e
-
2 l
h
l
P
t
o
e
e
n
e
y
y
3 i
l
V
t
t
n
y
a
c
e
a
e
4 A
i
A
i
d
t
c
e
c
c
5 l
A
t
c
r
y
a
e
s

Businesses and market segments

Key targets: to achieve above peer average ROIC by end of 2010

ROIC calculated on after-tax basis *Based on 2006 environment

First Half / Second Quarter 2008 Results

Disclaimer

This presentation contains certain statements that are neither reported financial results nor other historical information. This presentation also includes forward-looking statements.

Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; pricing strategies of competitors; the Company's ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Clariant does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials.

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