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 2025 Earnings Presentation
16 slides from Alpek, S.a.b. De C.v. Class A's earnings presentation, Apr 22, 2025
Slide 1: First Quarter 2025 Earnings Webcast
FIRST QUARTER 2025 Earnings Webcast 2
Slide 2: Today's Speakers
TODAY’S SPEAKERS JORGE YOUNG JOSÉ CARLOS PONS BÁRBARA AMAYA CEO CFO IRO 3
Slide 3: Today's Agenda
TODAY’S AGENDA 1 Quarter Review 2 Long-Term Vision 3 Relevant Events 4 Financial Performance 5 Q&A Session 4
Slide 4: Quarterly Overview
QUARTERLY OVERVIEW 5
Slide 5: 4 Pillars to Reach Our Long-Term Vision
4 PILLARS TO REACH OUR LONG-TERM VISION 1 2 3 4 Capitalize on Solidify the Boost Financial Emerging Core Growth Flexibility Trends Strengthen Expand into Investing in Strong balance efficiency, higher-value, innovation and sheet and competitiveness margin-accretive diversification disciplined capita
Slide 6: CTAlpek Begins Trading
CTALPEK BEGINS TRADING April 4 April 7 2025-2026 Distribution of CTAlpek trading Merge CTAlpek Shares in BMV with ALPEKA Enhanced liquidity & Long-term value for Shareholders 7
Slide 7: Financial Results
FINANCIAL RESULTS 8
Slide 8: 1Q25 Financial Results
1Q25 FINANCIAL RESULTS Volume VOLUME COMPARABLE EBITDA 1.12M TONS -18% -7% YoY | Flat QoQ -7% 168 Softer demand amid market 154 uncertainty and import activity 1,202 1,124 1,119 126 131 Comparable EBITDA $126 million -18% YoY | -25% QoQ Decrease in reference margins & softer demand in Polyester 1Q24
Slide 9: Polyester
POLYESTER VOLUME COMPARABLE EBITDA -7% -37% • Lower volume YoY due to Reported EBITDA 107 990 100 continued overcapacity and 926 917 68 market uncertainty 67 • EBITDA results driven by reduced margins and 1Q24 4Q24 1Q25 1Q24 4Q24 1Q25 volume PX PRICES REFERENCE MARGINS 1,293 +4% -9% 1,111 305 1,063
Slide 10: Plastics & Chemicals
PLASTICS & CHEMICALS VOLUME COMPARABLE EBITDA • Sequential volume growth -5% +28% Reported EBITDA supported by strong 212 202 198 65 55 61 regional demand 43 • EBITDA improved YoY, mainly from EPS reference 1Q24 4Q24 1Q25 1Q24 4Q24 1Q25 margins POLYPROPYLENE EPS Propylene Prices Ref. Margin Styrene
Slide 11: Free Cash Flow Generation
FREE CASH FLOW GENERATION 1,884 131 35 10 21 9 0 1,885 57 HIGHLIGHTS $30M Total CAPEX $8M Operating FCF $8M Operating FCF Net Debt EBITDA NWC Financial Taxes CAPEX CAPEX Dividends Net Debt Dec 2024 Expenses Maint. Strat. Mar 2025 All amounts in millions of U.S. dollars unless otherwise noted. 12
Slide 12: Net Debt & Leverage
NET DEBT & LEVERAGE Net Debt Leverage (Times) - 1,884 1,885 3.3 Reducing 1,814 leverage to 3.1 2.5x target 3.1 remains a 1,726 priority 2.9 2Q24 3Q24 4Q24 1Q25 2Q24 3Q24 4Q24 1Q25 All amounts in millions of U.S. dollars unless otherwise noted 13
Slide 13: Outlook
OUTLOOK 14
Slide 14: Q&A
Q&A JORGE YOUNG JOSÉ CARLOS PONS CEO CFO 15
Slide 15: Investor Relations
INVESTOR RELATIONS BÁRBARA AMAYA ALEJANDRA BUSTAMANTE IRO | Strategic Planning Director | IR Manager Corporate Finance Director bamaya@alpek.com abustamante@alpek.com VISIT ALPEK.COM OR CONTACT US FOR ADDITIONAL INFORMATION: IR@ALPEK.COM 16
Slide 16: First Quarter 2025 Earnings Webcast
FIRST QUARTER 2025 Earnings Webcast 17