Alpek, S.a.b. De C.v. Class A · BMV:ALPEK/A
Alpek, S.a.b. De C.v. Class A — Investor Presentation (July 2026)
47 slides from Alpek, S.a.b. De C.v. Class A's investor presentation, July 2026
Slide 1: Institutional Presentation July 2026
INSTITUTIONAL PRESENTATION July 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 PET Sheet 38% 6% 7.6 9 COUNTRIES M Tons 30 PLANTS 38% +5,000 EMPLOYEES WORLDWIDE PET Resin 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 High potential for cash flow generation Maintaining financial strength through disciplined strategic actions Experienced management to navigate industry cycles Commitment an
Slide 11: Competitive position achieved through multi-year strategy
COMPETITIVE POSITION ACHIEVED THROUGH MULTI-YEAR STRATEGY STRATEGY ENABLER Strengthen Core Grow & Evolve Financial Flexibility Business Operational foundation driven Value-added products Focus on cash flow and by competitiveness and and reduced cycle exposure maintain strong balance sheet efficiency
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 Expand high-value added products: • PP: $70 M investment across 3 years • Others: EPS Extrusion, PET Sheet Thermoform Grow & Evolve Market Ent
Slide 14: Management with 25+ years average tenure
MANAGEMENT WITH 25+ YEARS AVERAGE TENURE Experienced leadership team to navigate the current industry landscape Jorge Young Rodrigo Prieto Teresa Quintero CEO (36) CFO (19) CHRO (16) Alejandro Llovera Alejandro Alanis Andreas Plettner Bárbara Amaya Roberto Blanco President President President Presid
Slide 15: Index
INDEX ALPEK AT A GLANCE STRATEGY & COMPETITIVENESS COMPANY RESULTS THE CASE FOR PET APPENDIX 15
Slide 16: Second quarter financial results
SECOND QUARTER FINANCIAL RESULTS Sales Volume (KTon) Revenues (US$M) 1,116 1,124 1,107 1,175 2,153 1,020 1,677 1,666 1,694 195 1,526 154 P&C 190 195 202 124 127 192 418 184 Others 176 P&C 325 329 328 297 Polyester 927 929 905 980 1,581 836 Polyester 1,228 1,211 1,053 1,174 2Q25 3Q25 4Q25 1Q26 2Q26 2
Slide 17: Year-to-date financial results
YEAR-TO-DATE FINANCIAL RESULTS Sales Volume (KTon) Revenues (US$M) 10,555 5,065 1,243 4,634 4,745 7,760 P&C 966 4,380 Others 7,530 849 834 465 433 6,585 771 P&C 2,321 572 1,556 1,614 2,282 1,316 3,847 Polyester 4,099 3,785 3,911 3,609 397 Polyester 6,991 5,739 5,483 746 346 1,885 4,697 2,755 2022 20
Slide 18: Free cash flow generation
FREE CASH FLOW GENERATION FCF YTD (US$M) 1,840 569 FCF Benefitted from higher $217 M reported EBITDA 12 9 1,664 20 37 32 68 NWC 215 Reflecting improved volumes -$215 M and higher raw material prices during 2Q DEBT REDUCTION Priorization through -$176 M Operating FCF US$217 M disciplined actions Net
Slide 19: Healthy balance sheet: 3.8 years of debt maturity
HEALTHY BALANCE SHEET Consolidated Debt Profile Cash Bonds Bank Debt 3.8 YEARS OF DEBT MATURITY 623 Credit Ratings 591 Coupon Coupon 486 4.250% 5.375% RATING: OUTLOOK: Coupon Coupon 3.250% 5.375% 380 495 Ba1 Negative 576 175 BB+ Negative 113 66 128 0 15 BB+ Negative Cash 2026 2027 2028 2029 2030 203
Slide 20: 2026 revised guidance to reflect strong performance
2026 REVISED GUIDANCE TO REFLECT STRONG PERFORMANCE ASSUMPTIONS 2H26 China PET Margin $170 – 200 / ton NA PP Margin 17 cpp Comp. EBITDA Operating FCF Volume CAPEX $750 - $800M $300 - $350 M 4.6 M tons $150 M SA Ocean Freights $120 – 170 / ton from $450 – 550 M from $100 – 150 M from 4.5 M tons from
Slide 21: Resilient performance despite industry cyclicality
RESILIENT PERFORMANCE DESPITE INDUSTRY CYCLICALITY EBITDA vs FCF (US$M) 1,396 962 Trending towards 800 789 734 750 - 800 an avg. FCF 699 601 generation of 462 570 489 300 - 350 +380 M dls 518 489 492 442 433 104 163 in the last 10 years 253 17 18 19 20 21 22 23 24 25 26 Guidance EBITDA FCF Note: Com
Slide 22: 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 23: Index
INDEX ALPEK AT A GLANCE STRATEGY & COMPETITIVENESS COMPANY RESULTS THE CASE FOR PET APPENDIX 23
Slide 24: Not all plastics are the same: PET is #1 for a reason
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! 24
Slide 25: 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 26: 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 26
Slide 27: 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 28: PET's carbon footprint with recycled materials
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 29: Production temperatures: 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. 29
Slide 30: CO2 of a flight equals recycling 29,600 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 30
Slide 31: Index
INDEX ALPEK AT A GLANCE STRATEGY & COMPETITIVENESS COMPANY RESULTS THE CASE FOR PET APPENDIX 31
Slide 32: 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 33: Shareholder dividends
SHAREHOLDER DIVIDENDS Delivered to Avg. Dividend Avg. Dividend US$1,500M 6.2% Payment ~US$140M Shareholders Yield 2025 Dividend Payment suspended 13.2 2026 9.6 9.0 Focus on 8.1 7.2 5.9 5.6 maintaining 3.4 leverage levels 372 2.0 – 2.5 times Aligned with our 183 Financial 143 143 143 161 132 Flexibil
Slide 34: 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 35: 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 36: 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 37: Relevant references: Paraxylene
RELEVANT REFERENCES | PARAXYLENE Px disconnection increased to $439 per ton Px Contract Price (US$/Ton) 1,653 1,508 1,348 1,235 1,249 1,174 1,132 1,139 1,005 1,111 1,058 954 1,033 1,214 876 1,104 1,082 1,051 1,054 1,002 702 904 847 894 856 886 874 819 857 579 2016 2017 2018 2019 2020 2021 2022 2023
Slide 38: 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$/Ton) 307 340 279 296 268 227 223 203 200 187 159 155 138 134 142 2016 2017 2018 2019 2020 2021 2022 2023 2024 1Q 2Q 3Q 4Q 1Q 2Q China 2025 2026 38
Slide 39: Relevant references: Propylene
RELEVANT REFERENCES | PROPYLENE NA Propylene Contract Price | PGP (cpp) 72 +33% 54 52 51 49 45 43 45 39 38 39 34 33 36 31 2016 2017 2018 2019 2020 2021 2022 2023 2024 1Q 2Q 3Q 4Q 1Q 2Q 2025 2026 39
Slide 40: Relevant references: Polypropylene margins
RELEVANT REFERENCES | POLYPROPYLENE MARGINS NA Polypropylene Margins | PP to PGP (cpp) 45 34 +54% 25 22 21 19 20 18 17 15 14 14 14 14 13 2016 2017 2018 2019 2020 2021 2022 2023 2024 1Q 2Q 3Q 4Q 1Q 2Q 2025 2026 40
Slide 41: Relevant references: EPS reference margins
RELEVANT REFERENCES | EPS REFERENCE MARGINS NA EPS Margin | EPS to Styrene (cpp) 56 +39% 38 40 39 36 35 32 31 33 31 31 30 28 26 27 2016 2017 2018 2019 2020 2021 2022 2023 2024 1Q 2Q 3Q 4Q 1Q 2Q 2025 2026 41
Slide 42: Ocean freight prices
OCEAN FREIGHT PRICES Asia – Americas Spot Ocean Freight Rate (US$/Ton) East Coast 600 West Coast South America 500 400 300 200 100 0 2019 2020 2021 2022 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2023 2024 2025 2026 42 Source: SCFI, prices based on 20-foot containers with 24-ton capacity from Shangha
Slide 43: Stock highlights (BMV: ALPEK)
STOCK HIGHLIGHTS (BMV: ALPEK) Daily Stock Price (MXN) 18 16 14 Valuation 2023 2024 2025 1Q26 2Q26 12 10 8 Market Cap. (US$M) 2,208 1,456 1,144 1,121 1,434 Jan May Sep Jan May Sep Jan May Net Debt (US$M) 1,729 1,884 1,840 1,768 1,664 2024 2025 2026 EBITDA LTM (US$M) 514 646 418 450 755 Daily Average
Slide 44: How to: integrated PET reference margins
HOW TO: INTEGRATED PET REFERENCE MARGINS Methodology based on public information (Bloomberg) 0.66 ton PX per ton PTA 0.84 ton PTA per ton PET Three-Step Guide PET Margin = PET Price – (Yield PET from PTA * PTA Price) – (Yield PET from MEG * MEG Price) PX PTA PET 1 86 890 0.84 710 0.34 610 US$ / PET
Slide 45: Contact us for additional information
CONTACT US FOR ADDITIONAL INFORMATION ALEJANDRA BUSTAMANTE (+13) IR Director abustamante@alpek.com Email: IR@alpek.com 45
Slide 46: 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 47: Institutional Presentation July 2026
INSTITUTIONAL PRESENTATION JULY 2026
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