Alpek, S.a.b. De C.v. Class A · BMV:ALPEK/A
Alpek, S.a.b. De C.v. Class A — Investor Presentation (April 2026)
44 slides from Alpek, S.a.b. De C.v. Class A's investor presentation, April 2026
Slide 1: Institutional Presentation April 2026
INSTITUTIONAL PRESENTATION APRIL 2026
Slide 2: Index
INDEX ALPEK AT A GLANCE STRATEGY AND COMPETITIVENESS COMPANY RESULTS THE CASE FOR PET APPENDIX 2
Slide 3: Alpek holds leading positions across three main segments
ALPEK HOLDS LEADING POSITIONS ACROSS THREE MAIN SEGMENTS Revenues for 2025 resulted in $6.6B USD 71% Sales 20% Sales 9% Sales EMERGING POLYESTER PLASTICS & CHEMICALS BUSINESS PET #1 ONLY Americas PP Producer Resin Mexico PET #1 #1 Americas EPS Americas Energy Sheet Commercialization #1 Recycled #1 I
Slide 4: Our global footprint
OUR GLOBAL FOOTPRINT POLYESTER P&C CAPACITY BY PRODUCT EPS OTHER PP 5% 1% 8% rPET 4% PTA 38% 7.6 9 COUNTRIES M Tons 30 PLANTS PET 44% +5,000 EMPLOYEES WORLDWIDE 4
Slide 5: Resilient end-markets account for 87% of volume
RESILIENT END-MARKETS ACCOUNT FOR 87% OF VOLUME 95% of sales are dollar-based Volume by Industry 2025 Sales Geography 2025 ME ASIA & OTHERS Housing & Construction EUR 3% Sales outside of MEX 14% Resilient End-Market 6% 1% 87% 64% USA/CAN SA 36% 17% Consumer Goods 17% Volume 2025 Sales 2025 4,380 Kto
Slide 6: Polyester: PET Yogurt Packaging
POLYESTER Alpek’s added value: Case Study Strong Global Presence to adapt to PET Yogurt 1 economic and geopolitical conditions Packaging Sustainable alternative with high quality PET making the Leadership position through Circular product 100% recyclable 2 Solutions 1. Resistant to cracking 2. Ideal
Slide 7: Plastics & Chemicals: Medical Applications
PLASTICS & CHEMICALS Case Study Alpek’s added value: Medical Applications Diversified Portfolio, allowing it to High quality materials 1 capitalize opportunities in different capable of meeting health markets standards are required 1. Vaccines, gowns, textile applications made from Sustainable Devel
Slide 8: Emerging Business: Natural Gas
EMERGING BUSINESS Case Study Alpek’s added value: Natural Gas Leading private energy Expanding beyond the PetChem company in Mexico, 1 landscape, allowing it to capitalize distributing more than 450 opportunities in different markets million cubic feet per day 1. 90% of customer portfolio based on t
Slide 9: Index
INDEX ALPEK AT A GLANCE STRATEGY AND COMPETITIVENESS COMPANY RESULTS THE CASE FOR PET APPENDIX 9
Slide 10: Investment thesis
INVESTMENT THESIS Leadership positions in attractive markets in the Americas Focus on efficiency, low costs, quality & service Cyclical businesses, with high potential for cash flow generation Maintaining financial strength through disciplined strategic actions Experienced management to navigate ind
Slide 11: Our long-term vision is built on four key pillars
OUR LONG-TERM VISION IS BUILT ON FOUR KEY PILLARS CORE + EMERGING CORE BUSINESS BUSINESS EMERGING BUSINESS Strengthen Core Financial Boosting Capitalizing on Business Flexibility Growth Opportunities Build a solid operational Enhance cash Drive Explore foundation flow generation transformative oppor
Slide 12: Key actions executed to strengthen the company
KEY ACTIONS EXECUTED TO STRENGTHEN THE COMPANY 2023 2024 2025 Footprint optimization: Footprint optimization: Footprint optimization: • Cooper River & Akra • Beaver Valley • Cedar Creek NWC Optimization & Organizational restructure Cost reduction program CAPEX Discipline Renegotiation of energy Debt
Slide 13: Initiatives executed in 2026
INITIATIVES EXECUTED IN 2026 Footprint optimization prioritizing more Strengthen the Core competitive assets: Business • Recycling sites in Reading & Pacheco Phase I of Non-Strategic Asset Sales: Financial Flexibility • Successful sale of Beaver Valley site • Advancing in additional assets in MX & U
Slide 14: Management with 25+ years average tenure
MANAGEMENT WITH 25+ YEARS AVERAGE TENURE Experienced leadership team to navigate the current industry landscape Jorge Young Rodrigo Prieto Teresa Quintero CEO (36) CFO (19) CHRO (16) Alejandro Llovera Alejandro Alanis Andreas Plettner David Coindreau Roberto Blanco President President President Pres
Slide 15: Index
INDEX ALPEK AT A GLANCE STRATEGY & COMPETITIVENESS COMPANY RESULTS THE CASE FOR PET APPENDIX 15
Slide 16: Financial results
FINANCIAL RESULTS Revenues (US$M) Sales Volume (KTon) 10,555 4,798 5,065 1,243 4,634 4,745 4,380 7,698 7,760 7,530 P&C 1,002 966 834 849 771 528 2,321 465 433 Others 6,585 1,556 1,614 572 P&C 2,342 1,316 Polyester 3,796 4,099 3,785 3,911 3,609 6,991 Polyester 4,828 5,739 5,483 4,697 2021 2022 2023 2
Slide 17: Resilient performance despite industry cyclicality
RESILIENT PERFORMANCE DESPITE INDUSTRY CYCLICALITY EBITDA vs FCF (US$M) 1,396 Avg. cash flow 962 generation of 800 789 654 637 734 699 ~370 M dls 601 462 489 in the last 10 years 570 489 492 518 443 442 433 104 163 Strong FCF Yield 253 203 15 16 17 18 19 20 21 22 23 24 25 EBITDA FCF Note: Comparable
Slide 18: Free cash flow generation
FREE CASH FLOW GENERATION FCF YTD (US$M) 1,840 162 FCF Benefitted from higher $90 reported EBITDA 19 1 1,768 19 NWC 13 Marginal investment during -$4 36 the quarter 4 CAPEX Consists of planned Operating FCF US$90M maintenance across multiple $38 sites and key investments aligned to strategic pillars
Slide 19: Healthy balance sheet: 4.0 years of debt maturity
HEALTHY BALANCE SHEET Consolidated Debt Profile Cash Bonds Bank Debt 4.0 YEARS OF DEBT MATURITY 628 Credit Ratings 615 Coupon Coupon 4.250% 5.375% 466 Coupon RATING: OUTLOOK: Coupon 3.250% 5.375% 380 500 Ba1 Negative 600 195 BB+ Negative 105 113 128 5 15 BB+ Negative Cash 2026 2027 2028 2029 2030 20
Slide 20: Continued progress towards our main ESG targets
CONTINUED PROGRESS TOWARDS OUR MAIN ESG TARGETS Strong ESG Ratings performance 2021 2025 SAFETY SBTi CO2 (TRIR) Scope 1 & 2 Emissions (MTons) Climate C B 2.80 1.40 2030 Water C B SBTi 1.87 2.01 Target2 Risk 0.47 29 18 Rating Target Top Decile 2019 2025 2019 SBTi Base¹ 2025 Rating BB BBB 0 Accidents
Slide 21: Index
INDEX ALPEK AT A GLANCE STRATEGY & COMPETITIVENESS COMPANY RESULTS THE CASE FOR PET APPENDIX 21
Slide 22: Not all plastics are the same
It’s important to know: Not all plastics are the same PET is #1 for a reason 100% RECYCLABLE HDPE PVC LDPE RECYCLED AT HIGH RATES ONLY PLASTIC THAT CAN BE REMADE BACK TO ITS ORIGINAL PURPOSE PP PS OTHERS HOWEVER, THEY ALL GET BUNDLED TOGETHER, so let’s build The Case for PET! 22
Slide 23: So much more than just bottles
So much more antibacterial gel bottles than just bottles PET IS A BIG PART OF OUR LIVES AND IS PRESENT facemasks in many OF THE things we use every day jackets You can easily identify PET products, just look for the PERSONAL CARE FRUIT PACKAGING PACKAGING water bottles safety goggles sport shirts ju
Slide 24: PET has become the most widely used beverage packaging material
PET has become the most widely used beverage packaging material B EV ER A GE P A CK A GIN G R ET A IL / OF F-T R A DE ( B U N IT S ) 2010-2024 526 PET + 3.9% B UNITS 307 294 ALUMINUM + 2.3 % 214 197 199 GLASS + 0.1 % 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 24
Slide 25: PET's carbon footprint is 80% lower than glass or aluminum
PET’S CARBON FOOTPRINT There’s a big difference when looking at a new bottle... IS 80% LOWER THAN 182 gr. CO 2 187 gr. CO 5.1x 2 4.9x GLASS OR ALUMINUM WHICH MAKES IT THE RIGHT CHOICE FOR THE ENVIRONMENT (YES, REALLY) Let’s put it into 37 gr. CO 2 1.0x perspective» CARBON FOOTPRINT OVER LIFECYCLE, P
Slide 26: PET's carbon footprint is 80% lower than glass or aluminum
PET’S CARBON FOOTPRINT …that gets even bigger when using recycled materials! IS 80% LOWER THAN GLASS OR ALUMINUM WHICH MAKES IT THE RIGHT CHOICE FOR THE ENVIRONMENT (YES, REALLY) 90 gr. CO 2 9.0x Let’s put it into 31 gr. CO 2 10 gr. CO 3.0x perspective» 1.0x 2 CARBON FOOTPRINT OVER LIFECYCLE, PER 35
Slide 27: Production temperature of PET vs. aluminum or glass
Just think about the temperature needed to produce PET vs. aluminum OR glass: GLASS IS MADE AT TEMPERATURES HOTTER THAN LAVA. 2,800°F ALUMINUM 1,200°F IS MADE AT A TEMPERATURE HOTTER THAN THE SURFACE OF VENUS. PET 480°F IS MADE AT THE SAME TEMPERATURE NEEDED TO MAKE A NICE SLICE OF PIZZA. 27
Slide 28: CO2 emissions of flying versus recycling PET bottles
The CO2 emissions generated by 1 PERSON flying from NYC to San Francisco is equal to that from recycling 29,600 PET bottles enough to enjoy a drink with every one of your meals for the next 30 years 28
Slide 29: Index
INDEX ALPEK AT A GLANCE STRATEGY & COMPETITIVENESS COMPANY RESULTS THE CASE FOR PET APPENDIX 29
Slide 30: Balance sheet accounts
BALANCE SHEET ACCOUNTS Net Working Capital (US$M) Property, Plant and Equipment (US$M) 1,165 2,502 2,424 2,285 2,275 876 1,914 655 602 577 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Net Debt (US$M) Stockholders’ Equity (US$M) 1,860 1,884 1,840 2,696 1,729 IFRS 16 2,409 1,967 1,185 1,653 1,535
Slide 31: State-of-the-art technology
Conventional Conventional Esterification Oxidation Post- Pre-Poly Oxidation Polymerization Crystallization Filtration and Pelletization Drying Precursosr CTA Storage Storage Precursor Feed Prep Preheating Low-cost production & Patents Crystallization Hydrogenation Annealing Crystallization Solid Sta
Slide 32: Our global footprint
OUR GLOBAL FOOTPRINT P PET rPET Country Site PTA Resin Sheet Flake Pellet SPT PP EPS Other Altamira 1,000 640 240 Mexico Cosoleacaque 610 185 15 (2,760) Lerma 70 Columbia, SC 640 725 Bay St. Louis, MS 430 15 USA Richmond, IN 66 31 (2,011) Darlington, SC 26 Painesville, OH 45 Cincinnati, OH 33 Canada
Slide 33: Our value chain
OUR VALUE CHAIN 0.66 ton PX 0.84 ton PTA per ton PTA per ton PET 0.80 ton Ethylene per ton EO 0.06 ton Pentane per ton EPS 0.79 ton Benzene per ton Styrene 0.94 ton Styrene 0.29 ton Ethylene per ton EPS (From Natural Gas) per ton Styrene 0.72 ton EO NAPHTHA per ton MEG 0.34 ton MEG per ton PET 1.01
Slide 34: Relevant references: Paraxylene
RELEVANT REFERENCES | PARAXYLENE Px disconnection decreased to $198 per ton Px Contract Price (US$/Ton) 1,508 1,348 1,235 1,249 1,174 1,132 1,139 1,111 1,058 1,033 1,005 954 876 1,104 1,082 1,051 1,054 1,002 702 904 886 847 894 857 856 874 819 579 2016 2017 2018 2019 2020 2021 2022 2023 2024 1Q 2Q 3
Slide 35: Relevant references: Integrated PET margins
RELEVANT REFERENCES | INTEGRATED PET MARGINS Recent spike in margins stemming from the ME conflict PET Integrated Margins | Px / MEG to PET (US$/Ton) 340 279 296 268 227 223 203 200 187 159 155 138 134 142 2016 2017 2018 2019 2020 2021 2022 2023 2024 1Q 2Q 3Q 4Q 1Q China 2025 2026 35
Slide 36: Relevant references: Propylene
RELEVANT REFERENCES | PROPYLENE NA Propylene Contract Price | PGP (cpp) 72 54 +26% 51 49 45 43 45 39 38 39 34 33 36 31 2016 2017 2018 2019 2020 2021 2022 2023 2024 1Q 2Q 3Q 4Q 1Q 2025 2026 36
Slide 37: Relevant references: Polypropylene margins
RELEVANT REFERENCES | POLYPROPYLENE MARGINS NA Polypropylene Margins | PP to PGP (cpp) 45 34 25 22 21 -7% 19 18 17 15 14 14 14 14 13 2016 2017 2018 2019 2020 2021 2022 2023 2024 1Q 2Q 3Q 4Q 1Q 2025 2026 37
Slide 38: Relevant references: EPS reference margins
RELEVANT REFERENCES | EPS REFERENCE MARGINS NA EPS Margin | EPS to Styrene (cpp) 56 -30% 38 40 36 35 32 31 33 31 31 30 28 26 27 2016 2017 2018 2019 2020 2021 2022 2023 2024 1Q 2Q 3Q 4Q 1Q 2025 2026 38
Slide 39: Ocean freight prices
OCEAN FREIGHT PRICES Asia – Americas Spot Ocean Freight Rate (US$/Ton) 600 East Coast West Coast 500 South America 400 300 200 100 0 2019 2020 2021 2022 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2023 2024 2025 2026 39 Source: SCFI, prices based on 20-foot containers with 24-ton capacity from Shanghai t
Slide 40: Stock highlights (BMV: ALPEK)
STOCK HIGHLIGHTS (BMV: ALPEK) Daily Stock Price (MXN) 40 30 Valuation 2023 2024 2025 1Q26 20 10 0 Market Cap. (US$M) 2,208 1,456 1,144 1,121 Jan May Sep Jan May Sep Jan May Sep Jan Mar Net Debt (US$M) 1,729 1,884 1,840 1,768 2023 2024 2025 2026 EBITDA LTM (US$M) 514 646 418 450 Daily Average Traded
Slide 41: How to: Integrated PET reference margins
HOW TO: INTEGRATED PET REFERENCE MARGINS Methodology based on public information (Bloomberg) 0.66 ton PX per ton PTA 0.84 ton PTA per ton PET Three-Step Guide PET Margin = PET Price – (Yield PET from PTA * PTA Price) – (Yield PET from MEG * MEG Price) PX PTA PET 1 86 890 0.84 710 0.34 610 US$ / PET
Slide 42: Contact us for additional information
CONTACT US FOR ADDITIONAL INFORMATION BÁRBARA AMAYA (+15) ALEJANDRA BUSTAMANTE (+14) IRO | Strategic Planning | Corporate Finance IR Manager bamaya@alpek.com abustamante@alpek.com Email: IR@alpek.com 42
Slide 43: Disclaimer
DISCLAIMER This presentation contains, or may be deemed to contain, “forward-looking statements”. By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The future results of Alpek
Slide 44: Institutional Presentation April 2026
INSTITUTIONAL PRESENTATION APRIL 2026