Slide 1: Q4-15 Financial Results
Q4-15 Financial Results January 27, 2016 1
Slide 2: Forward-looking Statements & Non-GAAP Measures
Forward-looking Statements & Non-GAAP Measures Information contained in these materials or presented orally on the earnings conference call, either in prepared remarks or in response to questions, contains forward-looking statements. Actual results could differ materially from those contemplated by
Slide 3: Q4-15 Industry Highlights
Q4-15 Industry Highlights • Modest demand growth of approximately 2% in Q4 • Methanol-to-Olefins (“MTO”) demand continued to lead growth • One large new MTO plant (1.8 million MT methanol demand at full rates) started late Q4 • Lower oil prices drove down olefin pricing through Q4, reducing methanol
Slide 4: Q4-15 Company Highlights
Q4-15 Company Highlights • Geismar 2 achieved first methanol on December 27, 2015 • Final milestone in capital program to add 3 million tonnes of production over 3 years • Combined capital cost for the two Geismar plants unchanged at $1.4 billion • The Geismar 2 plant has operated at high rates sinc
Slide 5: Methanol Price
Q4-15 Methanol Price Methanex Non-Discounted Regional Posted Prices 1 Feb Jan Dec Nov Oct (US$ per tonne) 2016 2016 2015 2015 2015 North America 249 299 349 349 366 Europe 2 300 300 330 330 330 Asia 255 275 305 305 305 1 Discounts from our posted prices are offered to customers based on various fact
Slide 6: Q4-15 Financial & Operational Results
Q4-15 Financial & Operational Results Sales Volume (000's of tonnes) Q4-15 Q3-15 Methanex Produced Methanol 1 1,372 1,238 Purchased Methanol 636 679 Commission Sales 178 169 Total 2,186 2,086 Average realized price ($/tonne) 277 323 Adjusted EBITDA 2 ($millions) 80 95 Adjusted net income per common
Slide 7: Production
Q4-15 Production (000's of tonnes) Q4-15 Q3-15 Q4-14 New Zealand 412 476 542 Geismar 1 and 2 244 259 — Trinidad (Atlas, 63.1% interest) 241 226 233 Trinidad (Titan) 191 172 127 Egypt (50%) 58 — 128 Medicine Hat 155 123 115 Chile 1 88 3 62 Total 1,389 1,259 1,207 1 Chile production includes volumes p
Slide 8: Production
Q4-15 Production • The New Zealand facilities lost approximately 175,000 tonnes of production due to downtime taken for repairs of mechanical issues. • Repairs were completed by December 2015 and all three plants are operating • Gas restrictions of approximately 15% in Trinidad in Q4, in line with e
Slide 9: Summary
Summary • Operations • Geismar 2 operating • North American facilities running well • Motunui repairs completed • Improved asset utilization in Egypt and Chile • MTO continued to lead demand growth • Strong balance sheet and liquidity to navigate current uncertain industry environment with limited n
Slide 10: Forward-looking Statements
Forward-looking Statements FORWARD-LOOKING INFORMATION WARNING This Presentation, our Fourth Quarter 2015 Management’s Discussion and Analysis (“MD&A”) and comments made during the Fourth Quarter 2015 investor conference call contain forward-looking statements with respect to us and our industry. Th