Methanex Corporation · TSX:MX
Methanex — Investor Day (November 2025)
69 slides from Methanex's investor day presentation, Nov 13, 2025
Slide 1: The Global Methanol Leader
The Global Methanol Leader INVESTOR DAY – TORONTO, ON NOVEMBER 13, 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 statem
Slide 3: Welcome to Methanex's 2025 Investor Day
Welcome to Methanex’s 2025 Investor Day Introduction to the presenting Executive Leadership Team Rich Sumner Dean Richardson Kevin Maloney Gustavo Parra Karine Delbarre Mark Allard President & CEO SVP, Finance & CFO SVP, Corporate SVP, Manufacturing SVP, Global SVP, Low Carbon Development Marketing
Slide 4: Welcome to Methanex's 2025 Investor Day: Panelists
Welcome to Methanex’s 2025 Investor Day Introduction to the Panelists Paul Daoust Matthew Geary Renato Monteiro Roger Strevens VP, Projects & VP, Reliability & VP, Low Carbon Director, Low Carbon Turnarounds Asset Integrity Methanol Supply Regulations & Advocacy 4 Methanex Investor Day – November 20
Slide 5: Methanex: Turning the Corner from Investment to Impact
Methanex Investor Day November 2025 Methanex: “Turning the Corner from Investment to Impact” Rich Sumner | President & CEO
Slide 6: Turning the Corner from Investment to Impact
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 Committed t
Slide 7: OCI Acquisition: Delivering on a Transformational Opportunity
OCIOCI acquisition: Acquisition: Delivering on a Delivering on the thesis Transformational Opportunity >20% increase in production capacity Strategic Alignment ✓ World scale assets with access to abundant low-cost gas ✓ Priced below replacement costs on greenfield & brownfield basis ✓ Ability to int
Slide 8: Methanol: A Quietly Constructive Market
Methanex Investor Day November 2025 Methanol: “A Quietly Constructive Market” Rich Sumner | President & CEO
Slide 9: Introduction to Methanol
Introduction to Methanol 9 Methanex Investor Day – November 2025
Slide 10: Steady Demand Growth Across Diversified Verticals
Steady Demand Growth Across Diversified Verticals Outlook of global demand growth (2025-2029) Atlantic Asia China Chemical ~50% of current demand Energy ~30% of current demand MTO ~20% of current demand ? Total annualized demand ~20 ~15-20 ~60 (MMT) Demand growth (average over next 5 years) > 2% 0-2
Slide 11: Limited New Capacity Expected & Constrained Supply
Limited New Capacity Expected & Constrained Supply (Existing Base) Nameplate capacity additions (MMT) 2025 estimated global nameplate vs. effective capacity (MMT) Methanex Forecast 8.0 158 MMT 7.0 6.0 5.2 MMT 110 MMT 5.0 average 4.0 3.0 2.2 MMT 2.0 average 1.0 0.0 2020 2021 2022 2023 2024 2025 2026F
Slide 12: Demand Growth And Limited Supply Additions Lead to Growing Supply Gap
Demand Growth And Limited Supply Additions Lead to Growing 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
Slide 13: Methanol Price Drivers Over the Short and Long Run
Methanol Price Drivers Over the Short and Long Run Short Long run run ✓ Marginal producer to remain in China (coal & natural gas) with ✓ Reinvestment economics suggests higher pricing needed limited higher cost capacity to switch on ✓ Limited additions of brownfield or greenfield capacity ✓ Supply a
Slide 14: Methanol: A Quietly Constructive Market – Key Takeaways
KEY TAKEAWAYS FOR Methanol: “A Quietly Constructive Market” Industry is operating near full capacity given feedstock, sanction, and reliability constraints. Slower pace of new capacity additions expected versus historically; conditions to support new growth projects are not expected near term. Olefi
Slide 15: Transforming with Purpose: Leveraging North America's Feedstock Advantage
Methanex Investor Day November 2025 Transforming with Purpose: Leveraging North America’s Feedstock Advantage Kevin Maloney| SVP, Corporate Development
Slide 16: Reduced Portfolio Feedstock Risk Enhances Cash Flow Stability
Reduced Portfolio Feedstock Risk Enhances Cash Flow Stability North America North Abundant America low-cost gas Egypt Very material East Trinidad Med gas prospects Uncertain cross- border opportunities Chile New Zealand Low-cost Argentina Mature and gas growth rapidly declining Size of bubbles propo
Slide 17: Purposeful Build-up of North America Position
Purposeful 110 12 Build-up of North 100 10 America Position 90 8 Increasing capacity in 80 6 lockstep with confirming 70 4 the resilience of US dry gas 60 2 Henry Hub price production low-cost gas Bcf/d 50 0 $/MMBtu acquisition OCI 7.0 on stream Geismar 3 6.0 debottlenecked Geismar 1/2 5.0 on stream
Slide 18: Positive Long-term North America Gas Outlook
Positive Long-term North America Gas Outlook Abundant low-cost resource and productivity improvements bound expected prices Gas resources yet to be produced New-well gas production per drilling rig Henry Hub gas prices Actual price through Nov & Dec NYMEX Settle (Nov 7, 2025) 600% NYMEX future price
Slide 19: Hedging to Strike a Balance
Hedging to Strike a Balance Benefiting from lower gas prices while protecting against gas price spikes Rolling ladder hedge strategy Distribution of Henry Hub monthly price since 2015 Fraction of gas requirement hedged Years in the future $1 to $2 to $3 to $4 to $5 to >$6/MMBtu $2/MMBtu $3/MMBtu $4/
Slide 20: Positive outlook for Chile
Buenos Aires Positive outlook for Chile Neuquen ✓ Vaca Muerta in the Neuquen Basin is most Basin attractive shale basin outside North America ✓ In early stage of developing 300+ tcf of technically recoverable gas ✓ Rapid expansion of take-away capacity ✓ Significant remaining potential in Austral Ba
Slide 21: Positive Outlook for Egypt
Cyprus Positive Outlook for Egypt Cronos Glaucus ✓ East Med global gas hotspot Calypso Zeus with all major IOCs active ✓ 140 – 500 tcf of undiscovered gas Aphrodite Tanin Karish ✓ Supportive government policy Zohr Leviathan Tamar ✓ Israel to Egypt pipeline exports a success story WDDM West Nile Delt
Slide 22: Reduced Portfolio Feedstock Risk Enhances Cash Flow Stability
Reduced Portfolio Feedstock Risk Enhances Cash Flow Stability North America North Abundant America low-cost gas Egypt Very material East Trinidad Med gas prospects Uncertain cross- border opportunities Chile New Zealand Low-cost Argentina Mature and gas growth rapidly declining Size of bubbles propo
Slide 23: Transforming with Purpose – Key Takeaways
KEY TAKEAWAYS FOR Transforming with Purpose: Leveraging North America’s Feedstock Advantage In response to upstream changes, we have purposely shifted our production to North America which has a positive long-term outlook. Recent investments have de-risked our portfolio and meaningfully enhanced cas
Slide 24: North American Assets
North American Assets 24 Methanex Investor Day – November 2025
Slide 25: 10-min Break
10-min Break 25
Slide 26: Leveraging Global Capabilities: Driving Performance, Delivering Value
Methanex Investor Day November 2025 Leveraging Global Capabilities: Driving Performance, Delivering Value Gustavo Parra | SVP, Manufacturing
Slide 27: Manufacturing Excellence
Manufacturing Excellence Through safe, reliable, and sustainable operations Responsible Care Asset Excellence Translating excellence to value ✓ High reliability rates We are Strong Systems, Standards ✓ Optimal gas-to-methanol OneOn Team, conversion All Plants Risk-based Approach ✓ Efficient spend of
Slide 28: Global Operational Capability – a Unique Differentiator
Global Operational Capability – a Unique Differentiator High-performing centre of excellence drives performance, delivers value Global Manufacturing Team Global Experts Global Functional Teams • Process Engineering • Operations • Static Equipment • Maintenance • Rotating Equipment • Technical • Wate
Slide 29: Performance that Protects… … and Delivers
Performance that Protects… … and Delivers Recordable injury rate vs. ACC industry benchmark Global reliability Injuries per 200,000 hours worked ACC Member Companies 0.74 0.69 Methanex 0.65 0.64 0.44 0.28 0.32 96% 97% 0.22 0.17 0.09 5-year Average Global Target 2020 2021 2022 2023 2024 2025 YTD Tier
Slide 30: Manufacturing Excellence in Action: OCI Integration
Manufacturing Excellence in Action: OCI Integration First 90 days confirms due diligence findings; high quality assets that will benefit from our expertise 2025 2026 2027+ People & Competency Onboarding Competency and professional development Assurance 100% Culture Management Responsible Care High p
Slide 31: Leveraging Global Capabilities – Manufacturing
KEY TAKEAWAYS FOR Leveraging Global Capabilities – Manufacturing Safety is our top priority; a safe plant is a reliable plant. Strategy focused on achieving high reliability and efficiency across existing and new assets. Centre of excellence approach sets us apart, driving performance and delivering
Slide 32: Leveraging Global Capabilities: Driving Performance, Delivering Value
Methanex Investor Day November 2025 Leveraging Global Capabilities: Driving Performance, Delivering Value Karine Delbarre | SVP, Global Marketing & Logistics
Slide 33: Methanex, the Global Leader in Methanol
Methanex, the Global Leader in Methanol Estimated 2025 market share excluding China domestic market Size and scale enable cost- Methanex ~19% effective presence in all major regions Valenz (Proman) Unique position in the methanol Reliable supply supported by excellence SABIC in execution market Petr
Slide 34: Our Competitive Advantage: Extensive Integrated Global Supply Chain
Our Competitive Advantage: Extensive Integrated Global Supply Chain 8 Marketing offices 7 Production locations 25 Leased terminals 30 Vessels ~1400 Railcars 400+ Delivery locations 34 Methanex Investor Day – November 2025
Slide 35: Our Portfolio Creates Value for Shareholders
Sales mix and delivery modes Our Portfolio Creates Value for Shareholders The Americas ✓ A balanced regional sales mix ~35-40% ✓ Unique scale and service model attract customers who are leaders in their industries ✓ Longstanding relationships: ~75% of sales to customers we have supplied for 10+ year
Slide 36: Leveraging Global Capabilities – Supply Chain & Marketing
KEY TAKEAWAYS FOR Leveraging Global Capabilities – Supply Chain & Marketing Integrated global supply chain enables a unique value proposition: secure, reliable supply. High flexibility in sourcing allows optimization of logistics costs and navigation of geopolitical risk. Our marketing strategy driv
Slide 37: Focus on Free Cash Flow Conversion and a Strong Balance Sheet
Methanex Investor Day November 2025 Focus on Free Cash Flow Conversion and a Strong Balance Sheet Dean Richardson | SVP, Finance & CFO
Slide 38: Production Shift to Advantaged Geographies Increases Stability
Production Shift to Advantaged Geographies Increases Stability More stable run-rate Adjusted EBITDA Average on-stream time 93% 95% 95% $1,075 M 91% 90% 84% 72% 77% ~5% Challenging outlook 71% 71% Structurally North America ~20% positive outlook Rest of World 2020 2021 2022 2023 2024 % of total produ
Slide 39: OCI Acquisition: Delivering on a Transformational Opportunity
OCIOCI acquisition: Acquisition: delivering on a transformational opportunity Delivering on in >20% increase the thesis capacity production Today ✓ Safety and quality audits in progress ✓ High-priority manufacturing risk management reviews ✓ Executing M&L sourcing and terminal synergies ✓ Plants ope
Slide 40: Strategic Investments Increase Adjusted EBITDA Potential
Strategic Investments Increase Adjusted EBITDA Potential 2024 to run-rate2 Adjusted EBITDA bridge ($M) at $350/MT methanol price >$1,075 $1,075 $764 3 2024 Adjustments to be G3 OCI Operational Run-rate 2 Potential upside comparable to run- excellence & rate 1 reliability 1 Adjustments include net pr
Slide 41: Focused on Conversion to Adjusted Free Cash Flow
Focused on Conversion of Strong Operational Performance to Adjusted Free Cash Flow Adjusted Free cash flow conversion 1,2 2021 – Q3 20253 Run-rate 60% ✓ Historic Adjusted free cash flow conversion 50% strong despite significant growth capex Significant upside post-G3 investment completion 41% ✓ Enha
Slide 42: Committed to an Investment Grade Credit Profile and Strong Balance Sheet
Committed to an Investment Grade Credit Profile and Strong Balance Sheet Financial flexibility protects value through the cycle and enables disciplined capital allocation ✓ Reducing our Leverage1 target to 2 - 2.5x at $350/MT ARP which is in-line Leverage target in-line with commodity chemical peers
Slide 43: Free Cash Flow Conversion and Strong Balance Sheet – Key Takeaways
KEY TAKEAWAYS FOR Focus on Free Cash Flow Conversion and a Strong Balance Sheet Portfolio transformation and operational excellence drives higher and more resilient cash flows. Committed to a strong balance sheet targeting ~2.0x – 2.5x Leverage at $350/MT with financial flexibility through the cycle
Slide 44: Disciplined Capital Allocation to Drive Shareholder Value
Methanex Investor Day November 2025 Disciplined Capital Allocation to Drive Shareholder Value Rich Sumner | President & CEO
Slide 45: History of Supporting Growth While Returning Capital
History of Supporting Growth While Returning Capital 10-year allocation of capital1 Annual allocation of capital1 $M $/MT $0.7 B 1000 2,100 500 13% 800 400 $2.1 B 40% $5.3B $1.2 B 600 300 in 10 years 23% 400 200 $1.3 B 200 100 25% 0 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025F Dividends (LHS
Slide 46: Disciplined Capital Allocation has Increased Production per Share
Disciplined Capital Allocation has Increased Production per Share Production per share (MT per 1,000 common shares outstanding) Increased 125 production 185% 87 Decreased share count 58 (14%) 2015 2020 Run-rate 1 Since 2015 1 Based on com mon shares outstanding at September 30, 2025. Refer to slide
Slide 47: Unlocking Value and Flexibility Through Deleveraging
Unlocking Value and Flexibility Through Deleveraging Indicative capital allocation mix as Methanex deleverages Debt paydown Available for shareholder distributions and/or high -value growth investments 100% Adjusted free cash flow 100% of free cash flow directed to debt >3x <3x 2 - 2.5x Current Leve
Slide 48: Disciplined Approach to Deploying Free Cash Flow
Disciplined Approach to Deploying Free Cash Flow After satisfying core requirements & deleveraging… … disciplined allocation of free cash flow • Sustaining capex Growth • Interest & lease payments Target highest return Strategic investments in value-creating • Regular Dividend growth opportunities a
Slide 49: Strong Adjusted Free Cash Flow Supports Attractive Yield
Strong Adjusted Free Cash Flow Supports Attractive Yield Primary drivers of valuation gap 2026 consensus Adjusted Free Cash Flow yield1,2 Peer Median: 9% ✓ Methanol markets and macro risk Peer 1 (2%) ✓ Asset performance including G3 and newly acquired assets Peer 2 0% ✓ Leverage and balance sheet Pe
Slide 50: Disciplined Capital Allocation – Key Takeaways
KEY TAKEAWAYS FOR Disciplined Capital Allocation to Drive Shareholder Value Committed to a strong balance sheet and deleveraging towards our target range. Disciplined capital allocation strategy focused on balancing shareholder distributions and high-return growth investments. Strong Adjusted free c
Slide 51: Final Takeaways
Methanex Investor Day November 2025 Final Takeaways Rich Sumner | President & CEO
Slide 52: Turning the Corner from Investment to Impact
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 Committed t
Slide 53: 10-min Break
10-min Break 53
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Slide 55: Driving Excellence: Manufacturing Priorities & Performance
Methanex Investor Day November 2025 Driving Excellence: Manufacturing Priorities & Performance Gustavo Parra| SVP, Manufacturing Paul Daoust | VP, Projects & Turnarounds Matthew Geary | VP, Reliability & Asset Integrity
Slide 56: Gustavo Parra, Paul Daoust, Matthew Geary
Gustavo Parra Paul Daoust Matthew Geary SVP, Manufacturing VP, Projects & Turnarounds VP, Reliability & Asset Integrity __________ __________ __________ Responsible for enhancing Ensures we invest wisely and Leads efforts in predictive reliability, asset utilization, and maintain operational readine
Slide 57: Capital and Turnaround Management
Capital and Turnaround Management 57 Methanex Investor Day – November 2025
Slide 58: Approach to Reliability
Approach to Reliability Reliability Reliability Asset Condition Work Execution Human Factors Leadership Management Management Management Integration and Culture Provides vision, Strategies and Monitoring and Efficient and Incorporating human establishes processes that maintaining assets effective ex
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Slide 60: Positioning for the Future
Methanex Investor Day November 2025 Positioning for the Future Mark Allard | SVP, Low Carbon Solutions Renato Monteiro | VP, Low Carbon Methanol Supply Roger Strevens| Director, Low Carbon Regulation & Advocacy
Slide 61: Mark Allard, Renato Monteiro, Roger Strevens
Mark Allard Renato Monteiro Roger Strevens SVP, Low Carbon Solutions VP, Low Carbon Methanol Supply Director, Low Carbon Regulations __________ __________ & Advocacy Provides strategic leadership to Leads the development of a __________ our Low Carbon Solutions diversified portfolio of low carbon Id
Slide 62: Regulation Driving Low Carbon Methanol (LCM) Demand
Regulation Driving Low Carbon Methanol (LCM) Demand National and regional regulation drive demand now, but may be overtaken by global regulation In effect Renewable Transport Fuel Obligation /pending Intensifying Renewable Energy Directive (RED III) Undergoing implementation EU Emission Trading Syst
Slide 63: Low Carbon Methanol Potential Demand – 2030+
Low Carbon Methanol Potential Demand – 2030+ LCM opportunities in many segments – road transport largest today but maritime is the biggest opportunity Maritime* Road transport Millions of tonnes/year UK/EU* Hundreds of thousands Dual fueled Methanol vessels tonnes/year 2025 2030 Maximum Potential De
Slide 64: LCM Supply Strategy
LCM Supply Strategy Targeting sustainable competitive Green Methanol Blue Methanol advantage, as “one stop shop” • Low CO2 abatement costs, • Only LCM product accepted by EU • IMO dependent diversified supply portfolio • RNG-based production in US • Cost-effective LCM product • Staged approach with
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Slide 66: Year End Reporting Timelines 2025 and 2026
OCIYear acquisition: End Reporting Timelines 2025 and 2026 Delivering Aligning ouron the thesis Earnings Release with the Annual Filing 2025 Year-End Earnings and Annual Report 2026 Year-End Earnings and Annual Report Fiscal 2025 Reporting is a transitional year Fiscal 2026 Reporting will be earlier
Slide 67: Turning the Corner from Investment to Impact
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 Committed t
Slide 68: 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 • The unhedged portion of our
Slide 69: Forward-looking statements
Forward-looking statements This presentation , o ur Third Qu arter 2025 Management’s Discus sion and Analysis ("MD&A") as well as comments made during the T hird Qu arter 2025 investor conferen ce call contain forward-looking s tatements with respect to us and our industry. These statements relate t