Methanex Corporation · TSX:MX
Methanex — Q4 2013 Earnings Presentation
9 slides from Methanex's earnings presentation, Jan 29, 2014
Slide 1: Q4-13 Financial Results
Q4-13 Financial Results January 29, 2014 © METHANEX CORPORATION 2014
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: Q4-13 Industry Highlights
Q4-13 Industry Highlights • Demand • Approximately 2% growth in demand Q4 versus Q3 • Demand growth led by MTO, strong global traditional and energy demand • China DME demand was steady in the quarter • Supply constrained globally • Planned / unplanned maintenance and gas restrictions at a number of
Slide 4: Q4-13 Company Highlights
Q4-13 Company Highlights • Record results: • Outstanding quarter: $245 MM Adjusted EDITDA; Adjusted EPS $1.72 • Record annual Adjusted Net Income of $471 million for 2013 • Record sales volumes for Q4 (2,127 MM tonnes) and 2013 (7,991 MM tonnes) • Progress on growth initiatives: • New Zealand Motunu
Slide 5: Methanol Price
Q4-13 Methanol Price Methanex non-Discounted Regional Posted Prices1 Feb Jan Dec Nov (US$ per tonne) 2014 2014 2013 2013 United States 632 632 632 599 2 Europe 610 610 539 539 Asia 590 590 550 520 1 Discounts from our posted prices are offered to customers based on various factors 2 €450 for Q1 2014
Slide 6: Financial & Operational Results
Q4-13 Financial & Operational Results • Adjusted EBITDA up 33% vs. Q3; Adjusted EPS up 41% vs. Q3, boosted by higher produced methanol sales volumes and methanol pricing $ millions, except per share amounts and where noted Q4-13 Q3-13 Q4-12 Sales Volumes (000's of tonnes) 1 Methanex Produced Methano
Slide 7: Production
Q4-13 Production Production (000's of tonnes) Q4-13 Q3-13 Q4-12 New Zealand 400 349 378 Trinidad (Atlas, 63.1% interest) 268 254 180 Trinidad (Titan) 173 128 189 Egypt (Methanex interest*) 159 168 129 Medicine Hat 86 130 132 Chile 108 6 59 Total 1,194 1,035 1,067 • Production was 15% higher than Q3,
Slide 8: Production
Q4-13 Production • New Zealand production was higher in Q4 versus Q3. Site can now produce up to 2.4 million tonnes/year depending on gas composition • Waitara Valley plant restart plus additional distillation capacity completed at the beginning of Q4 • Major refurbishment of 850 kMT Motunui 2 facil
Slide 9: Forward-looking Statements
Forward-looking Statements FORWARD-LOOKING INFORMATION WARNING This Presentation, the Fourth Quarter 2013 Management’s Discussion and Analysis (“MD&A”) and comments made during the Fourth Quarter 2013 investor conference call contain forward- looking statements with respect to us and our industry. T