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 — Q2 2026 Earnings Presentation
17 slides from Alpek, S.a.b. De C.v. Class A's earnings presentation, Jul 22, 2026
Slide 1: Second Quarter 2026 Earnings Webcast
Second Quarter 2026 Earnings Webcast
Slide 2: Speakers
Speakers Jorge Young Rodrigo Prieto Alejandra Bustamante CEO CFO IR Director 3
Slide 3: Today's agenda
Today’s agenda 1. Quarter Overview 4. Revised Guidance 2. Financial Performance 5. Q&A 3. Outlook 4
Slide 4: Quarter Overview
Quarter Overview 5
Slide 5: Financial Performance
Financial Performance 6
Slide 6: Free Cash Flow Generation
Free Cash Flow Generation 1,768 407 Consistent cash 12 10 1,664 flow generation 19 18 1 211 33 throughout the cycle $127M Operating FCF Net Debt EBITDA NWC Financial Taxes CAPEX CAPEX Dividends Other Net Debt Mar. 2026 Expenses Maint. Strat. Jun. 2026 All amounts in millions of U.S. dollars. 7
Slide 7: Net Debt & Leverage
Net Debt & Leverage NET DEBT LEVERAGE (US$ M) (Times) $103 million Debt 1,843 1,840 4.0 4.4 Reduction 3.9 Path accelerated 1,768 towards 2.0-2.5x target from 2.2 stronger LTM EBITDA 1,664 3Q25 4Q25 1Q26 2Q26 3Q25 4Q25 1Q26 2Q26 8
Slide 8: 2Q26 Financial Results
2Q26 Financial Results REPORTED EBITDA COMPARABLE EBITDA (US$ M) (US$ M) +300% +169% 1,175 ktons 407 in Volume 336 (+6 QoQ & +5% YoY) Supported by continued customer diversification 162 150 125 102 2Q25 1Q26 2Q26 2Q25 1Q26 2Q26 9
Slide 9: Comparable EBITDA
Comparable EBITDA POLYESTER PLASTICS & CHEMICALS (US$ M) (US$ M) Higher volumes Higher PP and EPS and stronger PET Reference Margins +232% Reference Margins 290 +86% Volume Volume 235 195 ktons 980 ktons 110 95 60 51 71 76 2Q25 1Q26 2Q26 2Q25 1Q26 2Q26 Reported EBITDA 10
Slide 10: Outlook
Outlook 11
Slide 11: 2026 Revised Guidance
2026 Revised Guidance ASSUMPTIONS 2H26 China PET Margin $170 – 200 / ton NA PP Margin 17 cpp Comp. EBITDA Operating FCF Volume CAPEX $750 - $800M $300 - $350 M 4.6 M tons $150 M SA Ocean Freights $120 – 170 / ton from $450 – 550 M from $100 – 150 M from 4.5 M tons from $130 M 45 – 66% 133 – 200% 2%
Slide 12: 2026 Priorities
2026 Priorities 01 02 03 04 Maintain Develop Enhance portfolio Protect cash flow operational emerging quality generation efficiency businesses 13
Slide 13: Q&A
Q&A Jorge Young Rodrigo Prieto CEO CFO 14
Slide 14: Investor Relations
Investor Relations Alejandra Bustamante IR Director abustamante@alpek.com VISIT ALPEK.COM OR CONTACT US FOR ADDITIONAL INFORMATION: IR@ALPEK.COM 15
Slide 15: Annex
é\alpek ANNEX 1 &
Slide 16: Healthy Debt Profile
Healthy Debt Profile CONSOLIDATED DEBT PROFILE Cash Bonds Bank Debt 3.8 YEARS OF DEBT MATURITY 623 591 Credit Ratings 486 Coupon Coupon 4.250% 5.375% Coupon Coupon 3.250% 380 5.375% RATING: OUTLOOK: 495 576 Ba1 Negative 175 113 BB+ Negative 66 128 15 BB+ Negative Cash 2026 2027 2028 2029 2030 2031 2
Slide 17: Relevant Reference Margins
Relevant Reference Margins PX PRICES CHINA PET REFERENCE MARGIN +32% 1,653 +54% 307 1,249 1,132 200 1,051 1,214 155 856 2Q25 1Q26 2Q26 2Q25 1Q26 2Q26 North America Asia POLYPROPYLENE EPS Propylene Prices Ref. Margin Styrene Prices Ref. Margin 52 63 38 39 49 51 39 31 28 20 14 13 2Q25 1Q26 2Q26 2Q25 1