Alpek, S.a.b. De C.v. Class A · BMV:ALPEK/A
Alpek, S.a.b. De C.v. Class A — Alpek Sab De Cv Ord — Q1 2026 Earnings Presentation
26 slides from Alpek, S.a.b. De C.v. Class A's earnings presentation, Apr 22, 2026
Slide 1: First Quarter 2026 Earnings Webcast
FIRST QUARTER 2026 Earnings Webcast 2
Slide 2: Today's Speakers
TODAY’S SPEAKERS JORGE YOUNG JOSÉ CARLOS PONS RODRIGO PRIETO BÁRBARA AMAYA CEO CFO Incoming CFO IRO 3
Slide 3: Today's Agenda
TODAY’S AGENDA 1 Quarter Overview 2 Financial Performance 3 Outlook 4 CFO Transition 5 Q&A 4
Slide 4: Quarter Overview
QUARTER OVERVIEW 5
Slide 5: Actions Executed to Enhance Competitiveness
ACTIONS EXECUTED TO ENHANCE COMPETITIVENESS 2023 2024 2025 Footprint optimization: Footprint optimization: Footprint optimization: • Cooper River & Akra • Beaver Valley • Cedar Creek NWC Optimization & Organizational restructure Cost reduction program CAPEX Discipline Renegotiation of energy Debt re
Slide 6: Recognizing our teams in the Middle East
Recognizing our teams in the Middle East for their commitment Their safety remains our top priority 7
Slide 7: 1Q26 Overview
1Q26 OVERVIEW COMPARABLE EBITDA Emerging Business Core Business • Solid operational performance across 9% both segments • 50% improvement versus last quarter, exceeding Guidance expectations $150 M 51% Plastics 40% Polyester • Natural Gas business & Chemicals incremental EBITDA contribution All amou
Slide 8: Key Actions 2026
KEY ACTIONS 2026 Footprint optimization prioritizing more Strengthen the Core competitive assets: Business • Recycling sites in Reading & Pacheco Phase I of Non-Strategic Asset Sales: Financial Flexibility • Successful sale of Beaver Valley site • Advancing in additional assets in MX & U.S. Expandin
Slide 9: Financial Performance
FINANCIAL PERFORMANCE \alpek 10
Slide 10: Polyester
POLYESTER VOLUME COMPARABLE EBITDA -1% YoY | +8% QoQ +12% YoY | +84% QoQ 917 Stronger operational 905 91 836 execution and 76 improved volume 68 levels QoQ Higher Chinese PET reference margins, 41 averaging $246 per ton in March 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 Reported EBITDA Volume in ktons, Comparab
Slide 11: Plastics & Chemicals
PLASTICS & CHEMICALS VOLUME COMPARABLE EBITDA Flat YoY | +10% QoQ +8% YoY | +8% QoQ 202 202 60 184 55 55 58 Higher volumes and stronger performance 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 Reported EBITDA Volume in ktons, Comparable EBITDA in U.S.$M. 12
Slide 12: 1Q26 Financial Results
1Q26 FINANCIAL RESULTS VOLUME REPORTED EBITDA COMPARABLE EBITDA +9% +133% 1,119 162 +50% 1,107 1,020 150 131 126 100 70 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 Volume in ktons, Comparable and Reported EBITDA in US$M. 13
Slide 13: Free Cash Flow Generation
FREE CASH FLOW GENERATION 1,840 162 1,768 Op. FCF 19 1 13 19 $90 M 36 4 Consistent cash flow generation throughout the cycle $90M Operating FCF Net Debt EBITDA NWC Financial Taxes CAPEX CAPEX Other Net Debt Dec. 2025 Expenses Maint. Strat. Mar. 2026 All amounts in millions of U.S. dollars unless oth
Slide 14: Net Debt & Leverage
NET DEBT & LEVERAGE NET DEBT LEVERAGE (US$ M) (Times) $72 million debt reduction 1,902 4.4 4.0 3.9 1,843 1,840 3.5 Accelerating our path 1,768 toward 2.5x 2Q25 3Q25 4Q25 1Q26 2Q25 3Q25 4Q25 1Q26 All amounts in millions of U.S. dollars unless otherwise noted. 15
Slide 15: Industry Landscape
INDUSTRY LANDSCAPE Tighter supply driven by feedstock interruptions • Relevant exporting hub (Energy + Raw Materials) PetChem Middle East • Conflict Interruption in feedstock flows • Operational disruptions impacting trade & global margins Available Supply • Increased competition for available Raw
Slide 16: Outlook
OUTLOOK 17
Slide 17: 2026 Priorities
2026 PRIORITIES Maintain Reinforce Focus on Seek Growth Operational Competitive Financial Opportunities Efficiency Position Discipline 1 2 3 4 18
Slide 18: CFO Transition
CFO TRANSITION José Carlos Pons Rodrigo Prieto Former CFO Incoming CFO 19
Slide 19: José Carlos Pons
JOSÉ CARLOS PONS • 7 years as CFO, shaping financial strategy and portfolio transformation • Led key transactions including the acquisitions of NOVA Chemicals’ Styrenics business (2020) & OCTAL (2022), and the ALFA spin-off • Strengthened financial position through disciplined capital allocation, re
Slide 20: Rodrigo Prieto
RODRIGO PRIETO • 20+ years of experience within Alpek, leadership roles across Planning, Commercial and Operations • VP of Supply Chain & Logistics at PP Business, with deep operational and industry expertise • Track record across key Business Units, including PP and Polyester in the U.S. and Mexico
Slide 21: Q&A
Q&A JORGE YOUNG JOSÉ CARLOS PONS CEO CFO 22
Slide 22: Investor Relations
INVESTOR RELATIONS BÁRBARA AMAYA ALEJANDRA BUSTAMANTE IRO | Strategic & Finance Director IR Manager bamaya@alpek.com abustamante@alpek.com VISIT ALPEK.COM OR CONTACT US FOR ADDITIONAL INFORMATION: IR@ALPEK.COM 23
Slide 23: Annex
\alpek 25
Slide 24: Healthy Balance Sheet
HEALTHY BALANCE SHEET Consolidated Debt Profile Cash Bonds Bank Debt 4.0 YEARS OF DEBT MATURITY 628 Credit Ratings 615 Coupon Coupon 4.250% 5.375% 466 Coupon RATING: OUTLOOK: Coupon 3.250% 5.375% 380 500 Ba1 Negative 600 195 BB+ Negative 105 113 128 5 15 BB+ Negative Cash 2026 2027 2028 2029 2030 20
Slide 25: Relevant Reference Margins
RELEVANT REFERENCE MARGINS PX PRICES PET REFERENCE MARGIN +18% 1,110 1,249 1,058 +41% 1,051 200 904 874 138 142 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 North America Asia China POLYPROPYLENE EPS Propylene Prices Ref. Margin Styrene Prices Ref. Margin 45 52 51 39 41 31 40 30 28 14 14 13 1Q25 4Q25 1Q26 1Q25 4Q2
Slide 26: First Quarter 2026 Earnings Webcast
FIRST QUARTER 2026 Earnings Webcast 24