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 2025 Earnings Presentation
20 slides from Alpek, S.a.b. De C.v. Class A's earnings presentation, Jul 22, 2025
Slide 1: Second Quarter 2025 Earnings Webcast
SECOND 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 Overview 2 Financial Performance 3 Outlook 4 Q&A 4
Slide 4: Quarter Overview
QUARTER 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: 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 7: Progressing Towards Vision of Integrated Hubs
PROGRESSING TOWARDS VISION OF INTEGRATED HUBS 1. ~$20M in expected annual savings by 2026 Cedar Creek 2. Production reallocated across global network, phased maintaining efficiency and reliability shutdown to begin 3. Aligned with long-term strategy to operate July 31 through most competitive assets
Slide 8: 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 9: Debt Profile Optimization
DEBT PROFILE OPTIMIZATION Consolidated Debt Profile* 668 615 4.7 YEARS OF DEBT MATURITY* Coupon Coupon 4.250% 5.375% Coupon Coupon5. 435 3.250% 375% Successful refinancing of $540M 500 380 600 due in 2027 – 2028* 170 113 Available Committed Credit Lines $555M 80 168 4 8 Cash 2025 2026 2027 2028 2029
Slide 10: Financial Performance
een eS N FINANCIAL PERFORMANCE N €\alpek N
Slide 11: 2Q25 Financial Results
2Q25 FINANCIAL RESULTS Volume VOLUME COMPARABLE EBITDA 1.12M TONS -7% YoY | Flat QoQ Mainly due to operational disruptions in Polyester -7% -21% 1,202 158 1,119 1,116 126 125 Comparable EBITDA 102 $125 million -21% YoY | Flat QoQ Reflecting a challenging environment influenced by 2Q24 1Q25 2Q25 2Q24
Slide 12: Polyester
POLYESTER VOLUME COMPARABLE EBITDA • Performance limited by market Reported EBITDA -7% -31% volatility 1,000 102 917 927 68 71 • Volume impacted due to PTA 65 maintenance & unplanned outages. Operations have now successfully resumed 2Q24 1Q25 2Q25 2Q24 1Q25 2Q25 PX PRICES REFERENCE MARGINS • EBITDA
Slide 13: Plastics & Chemicals
PLASTICS & CHEMICALS VOLUME COMPARABLE EBITDA • Solid performance with main Reported EBITDA -6% -1% drivers aligned with Guidance 202 202 55 190 52 51 • Volume reflects normalized 34 demand following inventory buildup from last quarter 2Q24 1Q25 2Q25 2Q24 1Q25 2Q25 • EBITDA YoY flat as improved POLY
Slide 14: Free Cash Flow Generation
FREE CASH FLOW GENERATION 1,885 102 28 13 21 36 10 19 1,901 9 Consistent cash flow highlights Alpek’s strength in a challenging environment $48M Operating FCF Net Debt EBITDA NWC Financial Taxes CAPEX CAPEX Dividends Other Net Debt Mar 2025 Expenses Maint. Strat. Jun 2025 All amounts in millions of
Slide 15: Net Debt & Leverage
NET DEBT & LEVERAGE NET DEBT LEVERAGE (Times) +1% 1,884 1,885 1,902 3.5 Reducing 3.1 2.9 3.1 leverage to 1,814 2.5x target remains a priority 3Q24 4Q24 1Q25 2Q25 3Q24 4Q24 1Q25 2Q25 All amounts in millions of U.S. dollars unless otherwise noted 16
Slide 16: Outlook
OUTLOOK 17
Slide 17: Revised Guidance
REVISED GUIDANCE REVISED ORIGINAL METRICS UNITS GUIDANCE GUIDANCE Low End High End + Stable reference margins MARKET China PTA/PET Margin US$/Ton 140 150 160 + Polyester capacity rationalization Polypropylene Margin CPP Unchanged 14 + Improved trade conditions + Elevated ocean freights Volume Mtons
Slide 18: Q&A
Q&A JORGE YOUNG JOSÉ CARLOS PONS CEO CFO 19
Slide 19: Investor Relations
INVESTOR RELATIONS BÁRBARA AMAYA ALEJANDRA BUSTAMANTE IRO | Strategic Planning Director | Corporate IR Manager Finance Director bamaya@alpek.com abustamante@alpek.com VISIT ALPEK.COM OR CONTACT US FOR ADDITIONAL INFORMATION: IR@ALPEK.COM 20
Slide 20: Second Quarter 2025 Earnings Webcast
SECOND QUARTER 2025 Earnings Webcast 21