Alpek, S.a.b. De C.v. Class A · BMV:ALPEK/A
Alpek, S.a.b. De C.v. Class A — Q3 2026 Earnings Presentation
20 slides from Alpek, S.a.b. De C.v. Class A's earnings presentation, Oct 21, 2026
Slide 1: Third Quarter 2026 Earnings Webcast
Third Quarter 2026 Earnings Webcast
Slide 2: Speakers
Speakers Jorge Young Rodrigo Prieto Juan Diego Siller CEO CFO IRO 3
Slide 3: Legal Disclaimer
Legal Disclaimer Please note that the information discussed today may include forward-looking statements regarding the Company’s future financial performance and prospects, which are subject to certain risks and uncertainties. Actual results may differ materially, and the Company cautions the market
Slide 4: Today’s agenda
Today’s agenda 1. Quarter Overview 4. Outlook 2. Financial Performance 5. Q&A 3. Revised Guidance 5
Slide 5: Quarter Overview
Quarter Overview 6
Slide 6: Key Messages
Key Messages Strong execution and a healthy balance sheet 3Q26 COMPARABLE EBITDA 2026 EBITDA GUIDANCE NET DEBT / EBITDA $276M $990M 1.8x ▲ +101% YoY ▲ Raised from $750–800M ▼ Down from 4.4x in 4Q25 SUPPORTED BY Local-for-local Feedstock Shortages High Ocean Freight Strategy in Asia Rates 7
Slide 7: Alpek’s Long-Term Strategy
Alpek’s Long-Term Strategy STRATEGY ENABLER Strengthen Core Grow & Evolve Financial Flexibility Business Leaner operational Enhanced product Focus on high-quality model driven by portfolio quality & cash flow and competitiveness and capital-efficient stronger balance efficiency growth opportunities
Slide 8: Financial Performance
Financial Performance 9
Slide 9: 3Q26 Financial Results
3Q26 Financial Results COMPARABLE EBITDA REPORTED EBITDA 1,172 ktons in +101% +161% Volume 407 (Flat QoQ & +4% YoY) 336 Supported by solid 276 303 demand levels and continued commercial and operating 138 execution strength 116 3Q25 2Q26 3Q26 3Q25 2Q26 3Q26 10
Slide 10: Comparable EBITDA
Comparable EBITDA POLYESTER PLASTICS & CHEMICALS Favorable PET PP and EPS Reference Reference Margins +134% Margins support strong 235 normalization 236 +32% results 205 95 Volume Volume 205 ktons 967 ktons 62 59 88 47 3Q25 2Q26 3Q26 3Q25 2Q26 3Q26 Reported EBITDA 11
Slide 11: Free Cash Flow Generation
Free Cash Flow Generation 31 3 1,717 FCF generation 1,664 303 16 30 35 21 partially offset by 226 Net Working Capital investment $5M Operating FCF Net Debt EBITDA NWC Financial Taxes CAPEX CAPEX Dividends Other Net Debt Jun. 2026 Expenses Maint. Strat. Sep. 2026 12
Slide 12: Net Debt & Leverage
Net Debt & Leverage NET DEBT LEVERAGE $123M Net Debt reduction during - $123M -2.6x the year 1,840 4.4 1,768 3.9 1,717 1,664 Enhanced financial flexibility through continued 2.2 1.8 deleveraging 4Q25 1Q26 2Q26 3Q26 4Q25 1Q26 2Q26 3Q26 Leverage ratio calculated as Net Debt / LTM Reported EBITDA 13
Slide 13: Alpek Rejoins the IPC Index
Alpek Rejoins the IPC Index Top 35 companies listed on the Mexican Stock Exchange +77% ~4.2x Key Drivers Share Price Trading Volume TSR 2026 YTD 2026 YTD2 vs. 2025 Average 100% Free Float Share Price & Trading Volume1 Volume Price Improved Share Price (M Shares) (MXN) 100% Free IPC 10 Float Entry 16
Slide 14: 2026 Revised Guidance
2026 Revised Guidance Key Assumptions Comparable EBITDA China PET Margin $225 / ton ▲ $990 M from $170 – 200 / ton NA PP Margin Previous: $750 – 800 M ▲ ~28% 17 cpp unchanged SA Ocean Freights Operating FCF Volume CAPEX $200 / ton ▲ UNCHANGED from $120 – 170 / ton vs. previous guidance $300 – 350 M
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Slide 16: Q&A
Q&A Jorge Young Rodrigo Prieto CEO CFO 17
Slide 17: Investor Relations
Investor Relations Juan Diego Siller Alejandra Bustamante IRO IR Director jsiller@alpek.com abustamante@alpek.com VISIT ALPEK.COM OR CONTACT US FOR ADDITIONAL INFORMATION: IR@ALPEK.COM 18
Slide 18: ANNEX
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Slide 19: Healthy Debt Profile
Healthy Debt Profile CONSOLIDATED DEBT PROFILE Cash Bonds Bank Debt 3.5 YEARS OF DEBT MATURITY 613 568 Credit Ratings Coupon Coupon 4.250% 5.375% 430 Coupon Coupon 380 3.250% 5.375% RATING: OUTLOOK: 495 553 Ba1 Negative 176 101 113 BB+ Negative 6 118 15 BB+ Negative Cash 2026 2027 2028 2029 2030 203
Slide 20: Relevant Reference Margins
Relevant Reference Margins PX PRICES CHINA PET REFERENCE MARGIN +2% 1,653 1,685 307 -31% 1,139 1,214 213 1,181 886 134 3Q25 2Q26 3Q26 3Q25 2Q26 3Q26 North America Asia POLYPROPYLENE EPS Propylene Prices Ref. Margin Styrene Prices Ref. Margin 63 63 52 45 44 36 38 39 34 14 20 18 3Q25 2Q26 3Q26 3Q25 2Q
Alpek, S.A.B. de C.V. — Q3 2026 Earnings Presentation on 6ix