Slide 1: The Global Methanol Leader
The Global Methanol Leader CORPORATE PRESENTATION NOVEMBER 2025
Slide 2: Forward-looking statements and non-GAAP measures
Forward-looking statements and non-GAAP measures Information contained in these materials or presented orally, either in prepared remarks or in response to questions, may contain forward-looking statements. Actual results could differ materially from those contemplated by the forward-looking stateme
Slide 3: Methanex is the world's largest producer and supplier of methanol globally
Methanex is the world’s largest producer and supplier of methanol globally Strategy Competitive advantage Safety is the top priority We create value through our Safe, sustainable, and secure supply. We are committed to the leadership in the global Underpinned by our global integrated highest standar
Slide 4: Safety is our number one priority
Safety is our number one priority Our commitment to Responsible Care is unwavering; we work everyday to put our values and safe practices into action to ensure the safety of our employees, contractors, visitors, and communities where we operate Our 2024 recordable injury Recordable Injury Rate vs. A
Slide 5: Why Invest?
Why Invest? Turning the corner from investment to impact METHANOL: A QUIETLY TRANSFORMING LEVERAGING GLOBAL FOCUS ON FREE CASH DISCIPLINED CAPITAL CONSTRUCTIVE MARKET WITH PURPOSE CAPABILITIES FLOW CONVERSION ALLOCATION Structurally tight High-graded asset Operational excellence Proactive management
Slide 6: Strategic Priorities for the Business
Strategic Priorities for the Business Focused on delivering value-generating initiatives in a safe and reliable way Safety, efficiency and reliability Integrate OCI Global’s methanol Preserving financial flexibility assets and realize synergies while reducing leverage Continuous improvement of safet
Slide 7: Global production capacity across 7 production locations
Global production capacity across 7 production locations Strategically expanded our North American footprint to capitalize on stable and economic supply of natural gas feedstock North America ~6.4 MMT methanol operating capacity 1 0.34 MMT ammonia operating capacity 1 6 plants 3 production locations
Slide 8: Competitive advantage from global integrated capabilities
Competitive advantage from global integrated capabilities Scale and flexibility enabling Methanex to be the supplier of choice and attract and retain customers around the world ✓ Extensive integrated global supply chain with ✓ Industry leading customers a dedicated shipping fleet ✓ Sharing of best p
Slide 9: Strong adjusted free cash flow capability over a range of methanol prices
Strong adjusted free cash flow capability over a range of methanol prices Adjusted EBITDA and Adjusted Free cash flow capability to equity holders ($M) at average realized methanol prices ($/MT) $1,450 $1,075 $50 $850 $650 $50 $500 $50 $150 $300/MT $350/MT $400/MT Adjusted EBITDA FCF (Current Capabi
Slide 10: Global methanol demand and supply dynamics
Global methanol demand and supply dynamics Demand expected to grow at a ~2.5% compound annual growth rate over the next five years Europe (including Russia) China Production Demand Production Demand 5% 10% 45% 60% ~65% of ~85% of production production from coal-based from Russia plants North America
Slide 11: Methanol is difficult to substitute based on its unique chemistry, scale, ease of transport
Methanol is difficult to substitute based on its unique chemistry, Traditional chemical Essential building block used in formaldehyde scale, ease of transport and cost applications expected to grow with GDP and acetic acid to make raw materials for building and automotive parts, paints, paper, plast
Slide 12: Firm capacity additions unlikely to meet growing demand in the mid-term
Firm capacity additions unlikely to meet growing demand in the mid-term New capacity additions Nameplate capacity additions (MMT) Besides G3, limited firm capacity addition 8.0 Methanex Forecast expected in the Atlantic market. 7.0 New capacity is needed to meet demand growth; greenfield projects ty
Slide 13: Methanol demand growth expected to outpace capacity additions in the mid-term
Methanol demand growth expected to outpace capacity additions in the mid- term requiring operating rates to increase 2025 estimated global nameplate vs. effective capacity (MMT) Iran & Russia Structural operating rate limits impacting global capacity 158 MMT Iran – New plants have operated intermitt
Slide 14: Limited new capacity leads to supply gap
Limited new capacity leads to supply gap Demand rationalization and/or higher operating rates required to balance the market Estimated 5-year global methanol demand and supply growth 16 MMT Shortfall 9 MMT 2-4 MMT 9-11 MMT ME & Russia 4 MMT Net China Additions 5 MMT 5-7 MMT Demand 1 Effective supply
Slide 15: Competitive position on attractive industry cost curve
Competitive position on attractive industry cost curve Illustrative methanol industry cost curve The global methanol cost curve is ($/tonne) fragmented The cost of methanol production varies widely across regions due to differences in feedstock availability (natural gas vs. coal), plant efficiency,
Slide 16: Methanol's role in the low-carbon economy
Methanol’s role Multiple methanol pathways in the low-carbon GREEN economy RENEWABLE HYDROGEN FEEDSTOCKS Methanol can also be made using carbon BIOGENIC CO₂ capture technology, with renewable feedstocks, such as renewable natural gas or renewable syngas, E-METHANOL or from green hydrogen 10 to 30 gr
Slide 17: Embedding sustainability: from strategy to action
Embedding sustainability: from strategy to action1 Solutions focused and committed Advancing COMMITMENTS PROGRESS to continual improvement solutions for a Reduce Scope 1 and Scope 2 3.7% reduction in GHG Intensity3 GHG emission intensity by 10%2 since 2019 low-carbon future Invest in low-carbon met
Slide 18: Focused cost discipline
Focused cost discipline Our competitive structure enables us to provide secure supply to our customers and create value throughout the cycle Natural gas Logistics Natural gas Logistics ~ 50% 1 • North America: target ~ 25% Fleet of ~30 vessels Network of owned and meaningful near-term hedge suppleme
Slide 19: Target highest return
Disciplined approach to deploying available free cash flow After satisfying core requirements & deleveraging… … disciplined allocation of available free cash flow • Sustaining capex Growth • Interest & lease payments Target highest return Strategic investments in value-creating • Dividend growth opp
Slide 20: Strong financial position
Strong financial position Strong liquidity and well-balanced debt maturities Consistent track record of balanced capital investment and shareholder distributions Debt Maturity Profile ($M) In the last 10 years, we have returned ~$1.9B to shareholders and spent ~$3.3B on organic & inorganic growth Bo
Slide 21: Why Invest?
Why Invest? Turning the corner from investment to impact METHANOL: A QUIETLY TRANSFORMING LEVERAGING GLOBAL FOCUS ON FREE CASH DISCIPLINED CAPITAL CONSTRUCTIVE MARKET WITH PURPOSE CAPABILITIES FLOW CONVERSION ALLOCATION Structurally tight High-graded asset Operational excellence Proactive management
Slide 22: Forward-looking statements
Forward-looking statements This presentation, our Third Quarter 2025 Management’s Discussion and Analysis ("MD&A") as well as comments made during the Third Quarter 2025 investor conference call contain forward-looking statements with respect to us and our industry. These statements relate to future
Slide 23: Non-GAAP Measures
Non-GAAP Measures • Note that Adjusted EBITDA, Adjusted free cash flow , Adjusted debt, and $375/MT ammonia ARP and includes of $30M in synergies. Leverage are non-GAAP measures that do not have any standardized meaning prescribed by GAAP and therefore, are unlikely to be comparable • The unhedged p
Slide 24: Modeling Information
Modeling Information methans :. 24 the power of ay
Slide 25: Modeling Information 1/3
Modeling Information 1/3 ~25-30% Run rate financial profile (Methanex share) Sales mix Europe ~$500M ~25% ~15-20% ~35-40% Depreciation + Amortization Effective tax rate Americas China ~15-20% Asia Pacific (ex. China) 2025 and run rate capital expenditures ~$105M ~$150 Run-rate sustaining 2025E CAPEX
Slide 26: Modeling Information 2/3
Modeling Information 2/3 Reconciliation of Adjusted EBITDA to Adjusted Free Cash Flow capability: Adjusted EBITDA and Adjusted free cash flow capability to equity holders ($M) at average realized methanol prices Include amounts ($/MT) Methanex GAAP attributable to Exclude Share – Financial Non-Contr
Slide 27: Modeling Information 3/3
Modeling Information 3/3 Operating capacity (MMT)1 Run-rate production (MMT)2 Number of operating plants Gas supply Medicine Hat, Canada 0.56 ~.56 1 Fixed price contracts and spot market Geismar, USA 4.0 ~4.0 3 Financial hedges, fixed price contracts, and spot market Beaumont, USA 1.76 (methanol) ~1
Slide 28: Appendix
Appendix methans " the poner of agity 28
Slide 29: Methanol demand applications
Methanol demand applications Applications % of global End uses demand1 Traditional Used as wood adhesive for plywood, particleboard and other engineered wood products Formaldehyde ~25% chemical Also used as raw material for a variety of building and automotive products applications Used to produce a
Slide 30: Chemicals value chain
BUTADIENE AROMATICS Chemicals value chain OLEFINS PROPYLENE METHANOL ETHYLENE AMMONIA FEEDSTOCKS BASE CHEMICALS AND INTERMEDIATES PRODUCTS MARKETS/USES MDI/TDI POLYESTER CLOTHING, BOTTLES (PET), FABRIC TOLUENE PTA NYLON FABRIC, CARPET, AUTOMTIVE XYLENE CYCLOHEXANE PHENOL/ACETONE SOLVENTS, INTERMEDIA
Slide 31: Methanol-to-olefins (MTO) value chain
Methanol-to-olefins (MTO) value chain Food packaging, Polyethylene plastic bags Natural Gas or Coal Feedstock Pipes, window EDC PVC frames Ethylene Synthesis EO MEG PET Textile, bottles • MTO production Gas mostly integrated with downstream products Insulation cups, Ethyl benzene Styrene Polystyrene
Slide 32: Reducing emissions and exploring paths to low-carbon methanol
Reducing emissions and exploring paths to low-carbon methanol Providing solutions for the emerging low-carbon market supports our strategy of global methanol leadership REDUCING EMISSIONS FROM PROGRESSING LOW-CARBON OUR OPERATIONS SOLUTIONS Reduced-intensity Expansion Projects Carbon Capture Utiliza
Slide 33: Leading the shipping industry for over a decade
Leading the shipping industry for over a decade Methanex has been there from the beginning, developing methanol as a marine fuel, and is well-positioned to help transition the shipping industry to a low-carbon future. 2015 2017-18 Creole Sun 2019 Stena Line & World's first WFS 2nd gen WFS 3rd gen du
Slide 34: Investor Relations
Investor Relations T: 604 661 2600 invest@methanex.com www.methanex.com linkedin.com/company/methanex-corporation @Methanex 34 Methanex | The Global Methanol Leader | Investor Presentation