Slide 1: Q1-16 Financial Results
Q1-16 Financial Results April 27, 2016 1
Slide 2: Forward-looking Statements & Non-GAAP Measures
Forward-looking Statements & Non-GAAP Measures Information contained in these materials or presented orally on the earnings conference call, either in prepared remarks or in response to questions, contains forward-looking statements. Actual results could differ materially from those contemplated by
Slide 3: Q1-16 Industry Highlights
Q1-16 Industry Highlights • Global demand growth slowed in Q1 • Global demand growth was relatively flat following 5% annual growth in 2015 • Traditional demand was marginally lower in Q1 • Energy demand, led by MTO, grew modestly, as demand from newly started capacity was offset by some maintenance
Slide 4: Company Highlights
Q1-16 Company Highlights • Record quarterly production of 1,639 thousand tonnes • Completion of 45-day planned turnaround at the Atlas facility • Paid $25 million dividend to shareholders • Improved financial flexibility through amendment to undrawn senior credit facility allowing relief, if require
Slide 5: Methanol Price
Q1-16 Methanol Price Methanex Non-Discounted Regional Posted Prices 1 May Apr Mar Feb Jan (US$ per tonne) 2016 2016 2016 2016 2016 North America n/a 249 249 249 299 Europe 2 250 250 300 300 300 Asia 265 265 255 255 275 1 Discounts from our posted prices are offered to customers based on various fact
Slide 6: Financial & Operational Results
Q1-16 Financial & Operational Results Sales Volume (000's of tonnes) Q1-16 Q4-15 Methanex Produced Methanol 1 1,529 1,372 Purchased Methanol 422 636 Commission Sales 168 178 Total 2,119 2,186 Average realized price ($/tonne) 230 277 Adjusted EBITDA 2 ($millions) 36 80 Adjusted net (loss) income per
Slide 7: Production
Q1-16 Production (000's of tonnes) Q1-16 Q4-15 Q1-15 New Zealand 509 412 481 Geismar 1 and 2 483 244 180 Trinidad (Atlas, 63.1% interest) 109 241 209 Trinidad (Titan) 204 191 186 Egypt (50%) 75 58 8 Medicine Hat 159 155 127 Chile 1 100 88 73 Total 1,639 1,389 1,264 1 Chile production includes any vo
Slide 8: Production
Q1-16 Production • Higher production in New Zealand reflects repair completion in late 2015, offset by approximately 50,000 tonne lost volume due to planned upstream natural gas pipeline maintenance activities. No further upstream maintenance anticipated in 2016. • The Geismar site produced 483,000
Slide 9: Summary
Summary • Price stabilizing • Operations in good shape; record production • North American facilities running well • New Zealand repairs completed • Medicine Hat operating at high rates with new catalyst • Atlas turnaround completed • Expect higher production in Q2-16 than Q1-16 • Demand growth cont
Slide 10: Forward-looking Statements
Forward-looking Statements FORWARD-LOOKING INFORMATION WARNING This Presentation, our First Quarter 2016 Management’s Discussion and Analysis (“MD&A”) and comments made during the First Quarter 2016 investor conference call contain forward-looking statements with respect to us and our industry. Thes