Alpek, S.a.b. De C.v. Class A · BMV:ALPEK/A
Alpek, S.a.b. De C.v. Class A — Alpek Sab De Cv Ord — Q3 2024 Earnings Presentation
16 slides from Alpek, S.a.b. De C.v. Class A's earnings presentation, Oct 28, 2024
Slide 1: Third Quarter 2024 Earnings Webcast
THIRD QUARTER 2024 Earnings Webcast 2
Slide 2: Today's Speakers
TODAY’S SPEAKERS JORGE YOUNG JOSÉ CARLOS PONS BÁRBARA AMAYA CEO CFO IRO 3
Slide 3: Today's Agenda
TODAY’S AGENDA 1 Overview 2 Relevant Events 3 Financial Performance 4 Revised Guidance & Outlook 5 Q&A 4
Slide 4: Quarterly Overview
QUARTERLY OVERVIEW 5
Slide 5: ALFA Shareholders Approved Alpek Spin-Off
ALFA SHAREHOLDERS APPROVED ALPEK SPIN-OFF • Controladora Alpek will be constituted by ALFA ALFA Alpek as the spun-off company, listed in the Bolsa Shareholders Shareholders Mexicana de Valores Controladora • ALFA plans to transfer all its Alpek shares, Alpek certain assets, liabilities and capital t
Slide 6: Alpek Spin-Off
ALPEK SPIN-OFF ALFA 1st day of Distribution of Possible Merger Extraordinary Notice of Share Trading of Controladora of Controladora Shareholders’ Distribution Controladora Alpek Shares Alpek & ALPEKA Meeting Alpek Oct. 2024 2025-2026 2025 • Greater Stock Liquidity • Improved Governance • Highly Exp
Slide 7: Financial Results
FINANCIAL RESULTS Tf nie Aalpek 8
Slide 8: 3Q24 Financial Results
3Q24 FINANCIAL RESULTS VOLUME +3% VOLUME 1,177 1,202 1,217 • Stable regional demand for 1.22M TONS both of our segments +3% YoY | +1% QoQ • Slight reference margins 3Q23 2Q24 3Q24 expansion and higher ocean COMPARABLE EBITDA COMPARABLE EBITDA container freight costs $218M +37% • Comp. EBITDA exceede
Slide 9: Ocean Freights
OCEAN FREIGHTS East Coast • High ocean freight costs 500 South America led to an increase in regional margins 400 • Highest levels seen since 300 2021, with a downward trend towards quarter-end 200 • Normalization expected to 100 continue going forward 0 2020 2021 2022 2023 1Q24 2Q24 3Q24 Oct. ’24 A
Slide 10: Polyester
POLYESTER VOLUME COMPARABLE EBITDA Reported EBITDA +4% +36% • Volume +4% YoY due to 955 1,000 995 steady demand levels 155 114 136 102 • Enhanced performance supported by high ocean freight costs and slightly 3Q23 2Q24 3Q24 3Q23 2Q24 3Q24 better reference margins PX PRICES REFERENCE MARGINS -8% - 1,
Slide 11: Plastics & Chemicals
PLASTICS & CHEMICALS VOLUME COMPARABLE EBITDA • Volume improvement from - +50% Reported EBITDA regional demand, 222 202 222 63 52 61 particularly for EPS 42 • Improvement in Comp. EBITDA driven partially by 3Q23 2Q24 3Q24 3Q23 2Q24 3Q24 the recovery of reference POLYPROPYLENE EPS margins, particular
Slide 12: Free Cash Flow Generation
FREE CASH FLOW GENERATION 1,726 35 1,814 198 140 43 38 7 24 $43M NWC As lower raw material prices were offset by higher volume $24M CAPEX Scheduled maintenance $86M Op. FCF $86M Operating FCF Net Debt EBITDA NWC Financial Taxes CAPEX Dividends Other Net Debt Jun 2024 Expenses Sep 2024 All amounts in
Slide 13: Net Debt & Leverage
NET DEBT & LEVERAGE Net Debt Leverage (Times) +5% 1,807 1,814 3.7 Committed 1,729 1,726 3.4 to reaching 3.3 2.5x target 3.1 4Q23 1Q24 2Q24 3Q24 4Q23 1Q24 2Q24 3Q24 All amounts in millions of U.S. dollars unless otherwise noted 14
Slide 14: 2024 Revised Guidance
2024 REVISED GUIDANCE REVISED ‘24 ORIGINAL ‘24 CHANGE METRICS UNITS GUIDANCE GUIDANCE (%) Comparable EBITDA1 US$M 675 600 13 CAPEX US$M 150 200 (25) • Solid domestic demand and higher freight costs in the quarter led to a positive outlook for full-year results (1) Excludes inventory adjustments and
Slide 15: Investor Relations
INVESTOR RELATIONS BÁRBARA AMAYA ALEJANDRA BUSTAMANTE IRO | Strategic Planning Director | IR Manager Corporate Finance Director bamaya@alpek.com abustamante@alpek.com VISIT ALPEK.COM OR CONTACT US FOR ADDITIONAL INFORMATION: IR@ALPEK.COM 17
Slide 16: Third Quarter 2024 Earnings Webcast
THIRD QUARTER 2024 Earnings Webcast 18