Corporate Presentation

1Q19

General
 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,
S.A.B. de C.V. And its subsidiaries may differ from the results expressed in, or implied by the
forward-looking statements set out herein, possibly to a material degree.

General
27.1
 Index
Business Overview

Consolidated Financials

Appendix

General
3
 Index
Business Overview

Consolidated Financials

Appendix

General
4
 Investment Highlights

1 Market-leading position in the Americas

2 Attractive consumer-oriented product portfolio

3 High-return organic projects and accretive M&A

4 Low cost producer with leading technology

5 Experienced management team

6 Strong free cash flow and financial performance

General
5
 About Alpek

1Q’19 LTM
• US $7.1 B Revenues

• US $1,022 M EBITDA
(US $781 M Comparable EBITDA)

• 26 Plants

• ~7.0 M Tons/Yr Installed Capacity

• ~5,800 Employees
General
6
 Leading petrochemical company
Market position % Sales by product(1)

Polyester
75% 75%
(PTA, PET, rPET, Fibers)
Polyester
• #1 PTA-PET producer in America

Polypropylene (PP)(2) 10%

• #2 PET producer Worldwide
Expandable
Polystyrene (EPS)
8%
23%
• #1 EPS producer in America Plastics &
Chemicals Caprolactam (CPL)
& Fertilizers
3%
• Sole PP and CPL producer in Mx
Specialty & Industrial
Chemicals(3)
2%

(1) 1Q19 LTM

General
(2) 49% is owned by Lyondell Basell Industries Holdings B.V.
(3) 50% minus one share is owned by BASF de Mexico S.A. de C.V. 7
 Polyester Chain
Polyester

Crude Oil Gasoline 4

PET

Reformer Paraxylene 3
PTA 4 Fibers

Naphtha 1 Ethylene 2
Cracker Ethylene MEG
Ethane Oxide
1) 0.84 ton Ethylene per ton Ethylene Oxide
2) 0.72 ton Ethylene Oxide per ton MEG
3) 0.66 ton Paraxylene per ton PTA
4) 0.85 ton PTA per ton PET
5) 0.35 ton MEG per ton PET
General
8
 Consumer end-markets
Volume by Industry 2018 Sales Geography 2018
(4,402 Kta) (US$ 6,991 Million )
Construction Europe Asia and Others
Textiles 3%
4%
LatAm 1%
7%
18%

Consumer
Goods USA
Food and Canada
22% 45%
Beverages 3%
67%
México
30%

Sample End Users by Industry

Beverage Food Personal care Textiles

General
Source: Alpek estimates
Kta: Thousand tons per year 9
 Integrated polyester producer (PTA-PET)
PTA & PET Capacity Share in the Americas

2004 2018

Alpek
29% Alpek
PTA 47%

8%

Alpek
PET 44%

General
Source: WoodMackenzie, Alpek 10
 Strategic priorities

Strengthen
Strengthen • Ensure profitability throughout industry cycles
Strengthen Core
Core • Enhance position in the Americas
Core Business Business
Business • Secure competitive feedstock/power supply
Sustained
Growth • Deliver returns on recent investments (U.S. $1B)
Sustained
Growth • Pursue vertical integration
Growth
• Strategic and opportunistic M&A

Product PET • Expand PET recycling capacity

Sustainability Product
Sustainability • Enhance recycled content offering
Sustainability
• Support customer initiatives

General
(1) Note
Source: 11
 2018 Results and 2019 Guidance
Sales Volume (K Ton) Revenues (US$M)
+8% +4%

4,734 6,991 7,248

4,402 Suape/ Suape/
3,937 3,938 4,012 Citepe Citepe
5,284 5,231
4,838

4,000 4,038 6,497 6,440

2015 2016 2017 2018 2019G 2015 2016 2017 2018 2019G

EBITDA (US$M) CAPEX (US$M)

-14% -63%
1,063 826
Business
220 918
Combination Cogen.
200
669 Sale Suape/
630
Citepe &
317 345 Corpus
310
384
843 236
718

% Sales 11.9% 13.8% 7.3% 15.2% 15.2%

2015 2016 2017 2018 2019G 2015 2016 2017 2018 2019G
General
12
 EBITDA & Leverage

LTM EBITDA Net Leverage (Net Debt/EBITDA)

(US$ M) (Times)

1,063 3.1
1,022
2.9

834
2.2
1.9
564 1.7

407

1Q18 2Q18 3Q18 4Q18 1Q19 1Q18 2Q18 3Q18 4Q18 1Q19

General
13
 EBITDA: 1Q19 vs 1Q19G

Alpek: EBITDA
(US$ M)

154
148
3 140
US$M 1Q19G 1Q19 28 19
19 11
Polyester 112 84
Plastics & Chemicals 39 58
Others 3 5
Comparable 154 148

Extraordinary items - (8)

Inventory Valuation - (19)
Others - 11

Reported 154 140

1Q19G Polyester P&Ch Others 1Q19 Inventories Others 1Q19

Comparable Reported

General
14
 Relevant events – Progress and status (1Q19)
• U.S. $801M sale of Cosoleacaque and Altamira power cogeneration plants
• Agreement ratified by ContourGlobal board; closing expected by end of 1H19
• Altamira plant on track to begin commercial operations during 2Q19
• Use of proceeds: i) Projects, ii) Debt reduction, iii) Dividends

• Corpus Christi project acquisition from M&G USA

• JV between Alpek / Indorama / FENC completed acquisition on December 28,2018
• Alpek contributed US$266M cash + US$133M non-cash (Total value: US$1.199B)
• Investment and timeline to complete construction by end of 2019

• Petroquímica Suape and Citepe (Suape/Citepe) acquisition in Brazil

• Consolidated in Alpek’s results as of May 1, 2018; US$435M purchase price
• Successful integration and positive EBITDA contribution

• M&G Mexico restructure process

• Normalized M&G Mexico operations (supported by Alpek)
• “Solicitud de concurso mercantil” with pre-arranged restructuring plan accepted by courts; ruling expected by end of year

• Recycled PET acquisition closed in January (Perpetual)

• Installed capacity (rPET): 45 Ktons, 60% increase in Alpek rPET capacity

General
15
 Index
Business Overview

Consolidated Financials

Appendix

General
16
 Income Statement Accounts
Operating Income/Loss (US$M) EBITDA (US$M)
1,063 1,022
1,086 220 Business
1,032 220
Combination
220 Business
220 Combination 669

532 497
Ex
360 M&G 843 802
Ex
% Sales 11.0% M&G 3.6% 15.5% 14.5% 384
-188 % Sales 13.8% 7.3% 15.2% 14.4%
2016 2017 2018 20191 2016 2017 2018 20191

Financial Cost, Net(2) (US$M) Majority Net Income/Loss (US$M)

188 697 642

159 136
141 136 M&G Recovery
133
95 220 Business
220
198 Combination
162
Ex
% Sales 4.1% M&G -6.1% 10.0% 9.0%
Ex
M&G 93 -319

2016 2017 2018 20191 2016 2017 2018 20191

Source: Alpek estimates
General
(1) 1Q19 LTM
(2) Financial Cost, Net = Net Financial Expenses + Fx Gains (Losses) + Interest Rate Swaps + Gas & Comm. Derivatives 17
 Balance Sheet Accounts
Net Working Capital(1) Property, Plant and Equipment
955 967 2,390 2,430
(US$ Million)

(US$ Million)
2,105
1,955
694

497

NWC Days 53 44 41 46

2016 2017 2018 20192 2016 2017 2018 20192

Net Debt(3) Stockholders’ Equity

2,200 2,193
2,019 2,072
1,832 IFRS
1,604
(US$ Million)

(US$ Million)
1,262
1,042

2016 2017 2018 20192 2016 2017 2018 20192

Source: Alpek estimates
(1) Net Working Capital = Accounts receivable + Other accounts receivable + Inventories - Suppliers - Other accounts payable and accrued expenses
(2) March’19
General
(3) Net Debt = Bank loans and notes payable + Current portion of long term debt + Long term debt – Cash 18
 Sales Volume and Revenues

Sales Volume Revenues

+10% +34%

4,402 4,473 6,991 7,101

3,938 4,012
21% 20% 23%
25%
24% 23% 5,231
4,838
29%

(US$ Million)
29%
(Kta)

79% 80% 74% 75%

76% 77%
71% 71%

2016 2017 2018 20191 2016 2017 2018 20191

Polyester Plastics & Chemicals

General
Source: Alpek estimates
(1) 1Q19 LTM 19
 Financial Ratios and Other Indicators
Net Debt / EBITDA (Times) Interest coverage(1) (Times)
3.3 9.9
8.8
2.7
Ex-Business 7.0
2.2 Combination 6.2 Ex-M&G
1.6
2.5 7.8 Ex-Business
2.2 6.9 Combination
Ex-M&G 1.7 4.8

2016 2017 2018 20192 2016 2017 2018 20192

EBITDA / Ton (US$) CAPEX and Acquisitions (US$M)

242 826 839
229

266 250 CC Polymers

170

124 Ex-M&G
Ex-Business
345 435
435 Suape/Citepe
192 179 236
Combination

125 154
2016 2017 2018 20192 2016 2017 2018 20192
Source: Alpek estimates
General
(1) Interest coverage= EBITDA / Net financial expenses
(2) 1Q19 LTM 20
 Alpek Consolidated Debt Profile - March 2019
• Net Debt: U.S. $2,200 million / Gross Debt1: U.S. $2,430 million
• Available Committed Credit Lines: U.S. $638 million (Total: U.S. $1.210 billion)
• 99% of our debt is denominated in US dollars2
715
666

385

300
230
171
(US$ Million)

Cash 2019 2020 2021 2022 2023

General
(1) Excludes leases / documents
(2) A small portion of debt is denominated in ARS 21
 Dividends paid to shareholders

286

After
143 Cogeneration
Sale

143
114 111
100 95

143
(US$ Million)

2013 2014(1) 2015 2016 2017 2018 2019

General
(1) Paid in December 2013 22
 Index
Business Overview

Consolidated Financials

Appendix

General
23
 Latest Quarter Results
Alpek: Selected Financial Information

(%) 1Q19 vs.

1Q19 4Q18 1Q18 4Q18 1Q18
Total Volume (ktons) 1,087 1,061 1,016 2 7
Polyester 857 851 787 1 9
Plastics & Chemicals 230 210 229 9 -
Consolidated Revenues 1,642 1,758 1,532 (7) 7
Polyester 1,239 1,295 1,109 (4) 12
Plastics & Chemicals 376 400 423 (6) (11)
Consolidated EBITDA 140 369 181 (62) (23)
Polyester 80 316 111 (75) (28)
Plastics & Chemicals 54 52 69 5 (22)
Profit Attributable to Controlling Interest 27 393 82 (93) (67)
CAPEX and Acquisitions 69 262 56 (74) 23
Net Debt 2,200 1,832 1,270 20 73
Net Debt/LTM EBITDA(1) 2.2 1.7 3.1
Interest Coverage(1) 8.8 9.9 4.8

General
Source: Alpek
(1) Times: Last 12 months 24
 Latest Quarter Results
Sales Volume (K Ton) Revenues (US$M)
1,151 1,174 1,941
1,038 1,061 1,087 1,759 1,758
1,012 975 1,016 1,642
1,532
1,306 1,312 1,321

2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
Ch.% 10.9% 16.0% 8.8% 7.0% Ch.% 34.8% 48.0% 33.1% 7.2%

EBITDA (US$M) Majority Net Income (US$M)

369 393
M&G Recovery
136
274 142
Business Business
239 220 80 220 82
Comb.
Comb. 25 27
181
141 140 -30
82
M&G

3
-400
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
Ch.% 191.1% 8,358.8% 162.8% -22.8% Ch.% 473.8% 120.0% 1,399.1% -67.3%
General
Source: Alpek 2017 2018 2019 25
 Latest Quarter Results
Alpek: Cash Flow
(%) 1Q19 vs.
1Q19 4Q18 1Q18 4Q18 1Q18
EBITDA 140 369 181 (62) (23)
Net Working Capital & Others (24) (45) (85) 47 72
Capital Expenditures & Acq. (69) (262) (56) 74 (23)
Financial Expenses (31) (28) (22) (11) (40)
Income tax (30) (17) (7) (82) (308)
Dividends (179) (24) - (641) (100)
Other Sources / Uses (176) (221) (18) 21 (892)
Decrease (Increase) in Net Debt (369) (228) (7) (61) (4,957)

Alpek: Net Income

(%) 1Q19 vs.
1Q19 4Q18 1Q18 4Q18 1Q18
Consolidated Net Income 40 402 103 (90) (61)
Non-Controlling Interest 13 10 21 31 (38)
Controlling Interest 27 393 82 (93) (67)
Earnings per Share (U.S. Dollars) 0.01 0.19 0.04 (93) (67)
General Avg. Outstanding Shares (Millions)* 2,118 2,118 2,117
Source: Alpek 26
 EBITDA: 2018 vs 2019G

Alpek: EBITDA
(US$ M)

1,063
US$M 2018 2019G
220 918
Polyester 529 523
Plastics & Chemicals 275 191 39 804 200
84 6 5 718
Comparable 804 7181

Extraordinary items 259 200

Inventory Valuation 41 -
Business Combination 220 -
Cogeneration Sale - 200
Others (2) -

Reported 1,063 918

2018 Business Inventory 2018 P&Ch Polyester Others 2019 Cogen. 2019G
Comb. & others Comp. Comp. Sale

General
(1) Comparable EBITDA includes profits (US $5 M) from other activities such as natural gas sales 27
 EBITDA: 2018 vs 2017

Alpek: EBITDA
(US$ M)

1,063
39
US$M 2017 2018
220
Polyester 234 529
804
Plastics & Chemicals 229 275 46

Comparable 462 804

295
Extraordinary items (79) 259
35 462
Inventory Valuation 22 41 384 113

Business Combination - 220

M&G Provision (113) -
Others 12 (2)

Reported 384 1,063

2017 M&G A/R Inventory 2017 Polyester P&Ch 2018 Business Inventory 2018
Provision & others Comp. Comp. Comb. & others

General
28
 2018 / 2017 Net Income includes extraordinary items

2017 Extraord. 2017 2018 Extraord. 2018

US$M
Proforma items Reported Proforma items Reported
Operating Income 360 (548) (188) 671 415 1,086
Intangible asset impairment (435) 195
A/R Provision (113) -
Business combination - 220

Financial cost, net (93) (95) (188) (141) - (141)

Taxes (52) 158 106 (119) (59) (178)

Net income (loss) 214 (485) (271) 409 356 765

General
29
 Comparable EBITDA and 2019 Guidance
Reported EBITDA 2015 2016 2017 2018 2019G 1Q19 1Q18

Polyester 344 349 147 788 723 80 111

Plastics & Chemicals 284 322 237 276 191 54 69

TOTAL 630 669 384 1,063 9181 140 181

Adjustments* 2015 2016 2017 2018 2019G 1Q19 1Q18

Polyester (35) 18 (87) 258 200 (4) 10

Plastics & Chemicals 11 14 8 1 - (4) 1

TOTAL (24) 32 (79) 259 200 (8) 10

*Adjustments: Inventory and non-operating, one-time (gains) losses

Comparable EBITDA 2015 2016 2017 2018 2019G 1Q19 1Q18

Polyester 378 331 234 529 523 84 102

Plastics & Chemicals 273 308 229 275 191 58 69

TOTAL 654 637 462 804 7181 148 170

General
(1) EBITDA includes profits (US $5 M) from other activities such as natural gas sales 30
 Alpek’s installed footprint amounts to 7.1 M tons
26 production facilities and ~5,800 employees across 6 countries
Location of Production Sites Installed Capacity Breakdown
(Kta)

Site PTA PET rPET Fibers PP EPS CPL Other

A Monterrey 160
L
B Altamira 1,000 640 240
Mexico C Salamanca 85
K (3,030 Kta)
D Ocotlán 10
IG E Cosoleacaque 610 185
J H
F Lerma 100
A
B G Cedar Creek 170 55
D C FE
H Cooper River 170 150
USA
I Columbia 640 725
(2,358 Kta)
J Pearl River 430
K Richmond 45
Canada L Selenis 144
T M Zárate 190
Argentina N Pacheco 15
(225 kta) General
O 19
P Lagos
S Brazil P Guaratingueta 46
Q M
O (1,226 kta) Q Ipojuca 640 450 90
N
R Santiago 5
R Chile
S Puerto Montt 2
(27 Kta)
T Concon 20
Total Capacity1: 7,036 Kta 2,890 2,464 115 400 640 325 85 117
Source: Alpek estimates
General
Kta: Thousand tons per year
(1) Includes industrial and specialty chemicals and recycled PET capacities 31
 Alpek has developed a leading position in every
product of its portfolio
Alpek: Industry Position

Industry Position Comments

PTA #1 in the Americas • 47% est. installed capacity share in the Americas
Polyester

#1 in the Americas
PET • 44% est. installed capacity share in the Americas
#2 Worldwide

• Leading supplier of filament for car seatbelts

Fibers #2 in the Americas1
• 31% est. installed capacity share (excl. filament)

PP Only producer in Mexico • Attractive growth potential

Chemicals
Plastics &

• Largest plant in the Americas

EPS #1 in the Americas
• 42% est. installed capacity share in the Americas

CPL Only producer in Mexico • Among top 3 lowest cost producers worldwide

General
Source: PCI and Alpek estimates
(1)Staple fiber 32
 Alpek has invested in attractive organic projects to
enhance profitability

Strategic Guidelines Project Overview

Estimated figures and dates

Capex EBITDA
• Capture natural gas, ethane and Project
(US$M) (US$M)
Start-up

propane advantage in North America 1. Cosoleacaque Cogeneration 140 30 4Q14

2. MEG Tolling Agreement 65 20 2Q16

• Maximize operating efficiency
3. Propylene Spheres (2) 23 10 2Q17

• Selective capacity expansion 4. EPS Expansion Altamira 30 10 3Q17

5. Altamira Cogeneration 350 90 2Q19

• Lever IntegRex® technology
6. PTA/PET Site (Corpus Christi)1 TBD TBD TBD

Total ~ $580 ~$160

General
Source: PCI and Alpek estimates
(1) JV among Alpek, Indorama and FENC acquired Corpus Christi project from M&G 33
 Alpek also holds a successful M&A track record and
is constantly evaluating potential targets

M&A Guidelines M&A Deals (2011-2018)

Product Capacity Year Country Investment

Attractive Market
Potential 1.3
1. Eastman PTA / PET 2011 USA US $622 M
Mtons
2. Wellman PET 430 ktons 2011 USA US $123 M

3. Cabelma rPET 16 ktons 2014 Argentina Undisclosed

Alpek The
4. BASF EPS EPS 230 ktons 2015 Undisclosed
M&A Americas
Alpek
5. BASF
Cost M&A Existing / Related (Concon)
EPS 20 Ktons 2016 Chile Undisclosed
Competitiveness Business
6. Selenis PET 144 ktons 2016 Canada Undisclosed

7. Perpetual rPET 45 ktons 2019 USA Undisclosed

General
34
 Alpek acquired Petroquímica Suape and Citepe in
Brazil
Alpek – Polyester plants Petroquímica Suape and Citepe

• Capacity (Ktons): 640 PTA, 450 PET, 90 Filament

• Location: Ipojuca, Pernambuco, Brazil
• Highlights:
Montreal. Canada
• Only integrated PTA-PET plant in South

Columbia. USA Fayetteville. USA America

Bay St. Louis. USA Charleston. USA • Only PTA producer in South America
Monterrey. México • 1 of 3 PET plants in South America
Altamira. México
• Brazil is largest polyester export mkt for Alpek
Cosoleacaque. México

Ipojuca, Brazil

Polyester Plants (4,663 Kta)

Petroquímica Suape / Citepe Site
Zárate. Argentina

Pacheco. Argentina

General
35
 JV formed to acquire, complete and operate the
Corpus Christi project
Highlights - Corpus Christi Polymers LLC Contributions as of 1Q18
(CC Polymers) (US$ Millions)

• Newly formed JV between Alpek, Indorama and Far

Eastern (FENC) Total Value: US$ 1,199 M
Alpek (Cash)
• Acquired Corpus Christi assets (U.S. $1.199 B)
FENC 266 M
• Obtained regulatory clearance from FTC
• Does not include cost to complete (amount TBD) 399 M

• JV will operate as toll manufacturer for Alpek, 133 M

Indorama and Far Eastern Alpek
• Board of independent managers 399 M (Non-cash)

• Each partner will:

• Independently procure its raw materials Indorama
• Independently sell and distribute their PTA and PET

General
(1) U.S. $133M non-cash contribution associated to portion of Alpek’s secured claim with M&G. Alpek will also obtain U.S. $67M cash for the remainder of secured
claim, subject to certain conditions 36
 CC Polymers capacity share per partner
Corpus Christi Plant (CC Polymers)

PTA PET
1.3 M tons 1.1 M tons

Raw materials • PET (Int.): 367 Kta

• PTA: 125 Kta

Raw materials • PET (Int.): 367 Kta

• PTA: 125 Kta

Raw materials • PET (Int.): 367 Kta

• PTA: 125 Kta

General
37
 Alpek acquired a PET recycling plant from Perpetual
Recycling Solutions
Alpek – Polyester Recycling Plants Perpetual

• Capacity: 45 Ktons (rPET)

• Location: Richmond, Indiana
• Highlights:
• +60% increase in Alpek rPET capacity
• Closing during 1Q19
Richmond, USA (High-quality/ Food-grade)

Fayetteville. USA (Fiber-grade)

Pacheco. Argentina (Food-grade)

General
38
 Alpek has effectively transformed its EPS business
Alpek: EPS Capacity (Kta) The Americas’ installed EPS capacity 2018
Expandable Polystyrene (EPS) Total: ̴ 690 ktons

75 325

Others

20 21%
65 230

Alpek
165
Nexkemia 7% 47% (Styropek)

12%
Nova

13%
2014 Acquisition 2015 Concon Altamira 2018 Flint Hills
from BASF Plant Expansion
(MX/US/SA) (Chile) (Mexico)
General
39
 PET’s Environmental Advantage

Lowest carbon footprint among Highest recycling rate Stable demand despite
beverage packaging materials among all plastics environmental pressure
(MMBTU / 1000 Bottles) Global Recycling Rate (%) NA PET Demand (MTA)

9.0 55.0 +3%

4.5 4.6 4.7
More 4.2
3.8 3.8 4.0
lightweight
& resistant
5.4

3.7

14.0

PET Aluminium Glass PET Other Plastics 2012 2013 2014 2015 2016 2017 2018

Source:
General Ellen MacArthur Foundation (“The New Plastics Economy”), Life Cycle Inventory of Three Single-Serving Soft Drinks Containers (PET Resin Association), PCI WoodMackenzie, SBA-CCI
40
 U.S.A. PET antidumping case (2016)

Case Calendar Final Rates

• March´15: Department of Commerce (DOC) and Countervailing Antidumping

International Trade Commission (ITC) filing
Canada N/A 14 %

• March´16: DOC issued affirmative FINAL Antidumping China 7 – 126 % 105 – 126 %
Duty and Countervailing Duty determinations India 0 – 1541 % 8 – 19 %
Oman 0% 8%
• April´16: ITC issued affirmative FINAL determinations

• Rates applicable for a minimum period of five years.

• Trade orders could be renewed in five-year increments

General
(1) 154% only for JBF Industries Limited 41
 U.S.A. PET antidumping case (2017)
Case Calendar

• September’17: Petitions filed

Countries under
• 4Q17: Investigation initiated by Department of Commerce investigation
(“DOC”) and International Trade Commission (“ITC”)
• Brazil
• April´18: Affirmative preliminary determinations • Indonesia

• September’18: Final affirmative determinations by DOC • South Korea

• Pakistan
• October’18: Negative injury determination by ITC
• Taiwan
• November’18: Filed appeal of negative injury determination

General
42
 Polyester Chain
PTA, PET, and Polyester Fibers
Revenues 2019 LTM EBITDA 2019 LTM
US$ 5,304 Million US$ 756 Million Selenis, Quebec.
PET
Columbia, SC Richmond, Virginia
rPET
General Information PTA & PET
Cedar Creek, NC
PET, R-PET
Employees: ~4,300 Monterrey, N.L.
Cooper River, SC
Headquarters
PET & PSF
Polyester Filament
Pearl River, MI
Products (Capacity): Altamira, Tamps. PET
• PTA (2,890 Kta) PTA

• PET (2,464 Kta)

• rPET (115 Kta) Cosoleacaque, Ver.
PTA & PET Ipojuca, Brazil
• Fibers (400 Kta) PTA, PET and Fibers

Raw Materials:
• Paraxylene (Px)
Zárate, Arg.
• Monoethyleneglycol (MEG) PET
• Acetic Acid and Isopthalic Acid (IPA) Pacheco, Arg.
PET

End Markets:
• Food and beverage
• Textile
• Consumer Goods
General
Source: Alpek 43
 Plastics & Chemicals
PP, EPS, CPL and Others
Revenues 2019 LTM EBITDA 2019 LTM Altamira, Tamps.
PP, EPS
US$ 1,666 Million US$ 261 Million
Monterrey, N.L.
General Information Headquarters,
Guaratingueta, Brazil
Employees: ~1,600 Ocotlán, Jal.
EPS
Nylon 6
Salamanca, Gto.
Products (Capacity): CPL and Fertilizers
• Polypropylene - PP (640 Kta) Lerma, Edo. De Mex.
• Expandable Polystyrene - EPS (325 Specialty Chemicals

Kta) Concon, Chile

EPS
• Caprolactam - CPL (85 Kta) Santiago, Chile
• Other (117 Kta) Other
Puerto Montt, Chile
Raw Materials: Other

• Propylene, Styrene, Cyclohexane, General Lagos, Argentina

EPS
Ammonia, Sulphur, Pentane, Ethylene
Oxide, Propylene Oxide and Others

End Markets:
• Consumer Goods
• Food and Beverage
• Construction
General
Source: Alpek 44
 Alpek is managed by an experienced team focused
on delivering value to shareholders

Years with
Name Position
Alpek / Alfa
José de Jesús Valdez Simancas CEO 43
José Carlos Pons de la Garza CFO 23
Polyester

Felipe Garza Medina Co-President, Alpek Polyester 42

s Chemicals Polyester
Polyest

Jorge Young Cerecedo Co-President, Alpek Polyester 29

Plastics & Polyest
er
er

Gustavo Talancón Gómez President, Polyester Filaments 30

Alejandro Llovera Zambrano President, Polypropylene 34
Chemicals
&
Chemicals

José Luis Zepeda Peña President, EPS and Chemicals 33

&&
Plastics
Plastics
Chemical

Gustavo Talancón Gómez President, CPL and Ammonium Sulfate 30

Plastics

General
Source: Alpek 45
 Organization Chart

José de Jesús
Valdez
CEO

José Carlos
Pons de la
Garza
CFO

Polyester Chain Plastics & Chemicals

Gustavo Gustavo
Felipe Garza Alejandro José Luis
Jorge Young Talancón Talancón
Co-President Llovera Zepeda
Co-President President, President, CPL
Alpek Polyester President, President, EPS
Alpek Polyester Polyester and Ammonium
Polypropylene and Chemicals
Filaments Sulfate

General
Source: Alpek 46
 Polypropylene Chain

Refinery

Cracker 1

Propylene

PDH1
Polypropylene

1) 1.02 ton Propylene per ton PP

General
Source: Alpek
(1) Propane dehydrogenation 47
 EPS & CPL Chain

Refinery

Ammonia
5
Gasoline
Cyclohexane Caprolactam
3 4
(CPL)
Crude Oil

2 6
Reformer Benzene Styrene EPS

1
Cracker Ethylene
1) 0.29 ton Ethylene per ton Styrene
2) 0.79 ton Benzene per ton Styrene
3) 0.94 ton Benzene* per ton Cyclohexane
4) 1.04 ton Cyclohexane per ton CPL
5) 0.90 ton Ammonia per ton CPL
6) 1.00 ton Styrene per ton EPS
General * dls/gal x 299.3 = dls/ton
Source: Alpek 48
 Alpek has been a reliable partner to other global
industry leaders through successful joint ventures
Alpek: Sample Joint Venture

50.0%
51.0%
+ 1 Share

+ +

World leader in PP production with Largest petrochemical company in the

sales in more than 100 countries world with more than 370 sites

General
Source: Alpek 49
 Alpek has grown at a 8% annualized rate since 1988
through M&A, JVs and organic projects
Sales Volume 1986-2018
(Index: 1986=100)
Polyester
acquisition
in Brazil
IPO (BMV)
U.S. PTA/PET
plant
acquisitions

Perpetual
Acquisition
In USA
EPS capacity First power
First U.S.
expansion cogeneration
polyester
(JV) plant
plant
acquisitions First recycling
plant (JV)
CPL plant
acquisition
Acquisitio
n of first PP plant
PTA plant start-up (JV)

´88 ´93 ´98 ´03 ´08 ´13 ´18´19e

General
Source: Alpek 50
 The Americas PTA / PET capacity breakdown
The Americas
2018 Installed capacity

PTA PET

Ktons USA Mexico Canada Brazil Total Ktons USA Mexico Canada Brazil Argentina Total

Alpek 640 1,610 - 640 2,890 Alpek 1,495 185 144 450 190 2,464

Indorama 967 - 600 - 1,567 Indorama 812 480 - 550 - 1,842

BP 1,400 - - - 1,400 M&G 560 - - - 560

Eastman 250 - - - 250 Nan Ya 445 - - - - 445

Total 3,257 1,610 600 640 6,177 FENC 270 - - - - 270

Total 3,022 1,225 144 1,000 190 5,581

General
Source: PCI adjusted with Alpek’s official capacities 51
 Alpek operates a state-of-the-art portfolio of
proprietary and third-party technologies
Alpek: Proprietary and Third Party Technologies

PTA PET Oilfield Chemicals

Proprietary • Integrex PTA • Integrex PET • In-house
Technologies technology
(I&D, acquisitions)

• Melt – TekTM

Polypropylene EPS Caprolactam

Third-Party
Technologies
• Spheripol (LB) • Single Step • HSO
(BASF) • DSM
• Spherizone (LB)
General
Source: Alpek 52
 Alpek’s IntegRex® technology simplifies both PTA
and PET production processes
PTA / PET: Process diagram

 Precursor 
Oxidation Feed prep Esterification
Preheating

Post-Oxidation Hydrogenation Pre-Poly Crystallization

  
Crystallization Crystallization Polymerization Annealing

Filtration and Filtration and Solid State 

Pelletization
Drying Drying Polymerization
  Precursor 
CTA Storage PTA Storage PET Resin
Storage

Steps eliminated with Benefits from IntegRexTM technology:

IntegRexTM technology • ~20% reduction in conversion cost
• ~US$15 less per ton in capital cost
• 11 less steps for the production of PTA and PET
General • Lower wastewater by-product and greenhouse gas emissions
Source: Alpek 53
 Power tariffs (Mexico)
Mexico Reference Power Tariff 1
12.0 11.9
11.1
10.8

9.5 9.4 9.6 9.4

8.9

7.8 7.8 7.8 8.0

7.7 7.7 7.6
7.4 7.4 7.4
6.6
6.0
5.7

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

2017 2018

General
1) Mexico reference power tariff: “Demanda Industrial en Subtransmisión (DIST) del Sistema Interconectado Nacional (SIN), 100% factor de carga” 54
 Brent Crude Oil
Dls/Bbl Brent Crude Oil
120

100
99 $/bbl

80
Guidance 2019
71 $/bbl ($68/bbl)
60 54 $/bbl
53 $/bbl
40 44 $/bbl

20
2014 2015 2016 2017 2018 2019

General
 Propylene and Styrene Prices

North America Propylene Contract Price (cpp) North America Styrene Spot Price (cpp)
61 60 60 72
59 59 59 68
65
53
51 50 60 59 59 59 60 58
49 56 56
47 47 46 55 54
41 42 42 49 48 48
40 39 46
38 44 44 45
36 36 42 42 41
33
31

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q J F M A M J J A S O N D J F M 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q J F M A M J J A S O N D J F M

2016 2017 2018 2019 2016 2017 2018 2019

General
56
 Paraxylene (Px) Price
PX USA Contract Price (US$ / Ton)
1,708
1,635
1,543
1,444

1,213
1,119 1,146
1,069
1,014 992 995 981 1,003
920 926 898
838 871

2011 2012 2013 2014 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2016 2017 2018 2019

General
57
 PET Margin (Asia)
Margin: Asia PET to Px/MEG (US$ / Ton) 478

394
377
342 333 323

276 284
270 260 263
250 258
230 240
210 212 210

PET

201
133 135
104 118 110 PTA
74 71 69 63 71 64 63 72 80 81
59 60

2011 2012 2013 2014 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2016 2017 2018 2019

China
General
Source: ICIS, PCI, CCFGroup, Alpek 58
 Polypropylene Margin (USA)
Margin: Polypropylene to Propylene (PGP) (cpp)
30
28

23 24
22 22
20 20 20 20
18 18 18 18

11 11 11
10

2011 2012 2013 2014 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2016 2017 2018 2019

General
59
 Caprolactam Margin
Margin: Asia CPL to NA Benzene (Contract) (US$ /Ton)
2,100

1,240 1,216 1,231 1,272 1,188 1,281

1,141 1,137
1,069
897 934
840 862 839
684 699
630

2011 2012 2013 2014 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2016 2017 2018 2019

General
60
 Stock Highlights (BMV: ALPEK)
Daily Stock Price (MXN) Daily Average Traded Shares & Value (M Shares)
(M Shares) Shares
(U.S. $ M)
35 5 6
Value ($)
4 5
30 3 4
3
2 2
25
1 1
20 0 0
Jan May Sep Jan Abr J F M A M J J A S O N D J F M
2018 2019 2018 2019

Valuation 4Q15 4Q16 4Q17 4Q17 4Q18 4Q18 1Q19 1Q19

Proforma Proforma Proforma

Market Cap. (U.S.$ B) 3,113 2,193 2,951 2,951 2,912 2,912 2,865 2,865
Net Debt (U.S.$ M) 722 1,042 1,262 1,262 1,832 1,832 2,200 2,200
EBITDA LTM (U.S.$ M) 630 669 384 497 1,063 843 1,022 802
Enterprise Value / EBITDA 6.5 5.2 11.6 9.0 4.7 5.9 5.2 6.6
Price / Earnings 13.3 8.0 N/A 13.8 3.8 7.1 4.1 8.3
Price per Share (MXN) 25.98 21.10 26.50 26.50 27.30 27.30 26.00 26.00
General
Exchange Rate (MXN/USD) 17.67 20.35 19.00 19.00 19.83 19.83 19.22 19.22 61