Methanex Corporation · TSX:MX
Methanex — Q2 2015 Earnings Presentation
10 slides from Methanex's earnings presentation, Jul 29, 2015
Slide 1: Q2-15 Financial Results
Q2-15 Financial Results July 29, 2015 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: Q2-15 Industry Highlights
Q2-15 Industry Highlights • Demand rebounded in Q2, with estimated YTD 2015 growth of approximately 3% • Traditional chemical demand recovered in Q2 following Chinese New Year • MTO / MTP continued to lead demand growth. With three plants completed during Q2, there are now 10 completed plants in Chi
Slide 4: Q2-15 Company Highlights
Q2-15 Company Highlights • Geismar project progressing well • Excellent progress on Geismar 2, expect first methanol by end of 2015 • Geismar 1 operated at full rates in Q2 with no production outages, and produced 276,000 tonnes or over 3,000 tonnes per day • Medicine Hat major refurbishment complet
Slide 5: Methanol Price
Q2-15 Methanol Price Methanex Non-Discounted Regional Posted Prices 1 Aug Jul Jun May Apr (US$ per tonne) 2015 2015 2015 2015 2015 United States 416 442 442 442 416 2 Europe 410 410 400 400 400 Asia 360 375 390 390 365 1 Discounts from our posted prices are offered to customers based on various fact
Slide 6: Financial & Operational Results
Q2-15 Financial & Operational Results Sales Volume (000's of tonnes) Q2-15 Q1-15 Methanex Produced Methanol 1 1,203 1,237 Purchased Methanol 813 652 Commission Sales 109 185 Total 2,125 2,074 Average realized price ($/tonne) 350 337 Adjusted EBITDA2 ($millions) 129 97 Adjusted net income per common
Slide 7: Production
Q2-15 Production (000's of tonnes) Q2-15 Q1-15 Q2-14 New Zealand 487 481 559 Trinidad (Atlas, 63.1% interest) 236 209 191 Trinidad (Titan) 183 186 203 Geismar 1 276 180 - Egypt (Methanex interest) 8 8 99 Medicine Hat 51 127 138 Chile1 40 73 26 Total 1,281 1,264 1,216 1 Chile production includes volu
Slide 8: Production
Q2-15 Production • Geismar 1 operated at full rates for Q2 2015 • Medicine Hat major refurbishment completed in mid-July 2015 • Trinidad production was somewhat higher vs. Q1; gas restrictions persisted at a rate of about 15% • New Zealand unplanned outages due to technical issues at the Motunui fac
Slide 9: Summary
Summary • North American assets poised to generate solid cash flow • Geismar 2 progressing well, expect first methanol by end of 2015 • Geismar 1 operating above nameplate capacity • Medicine Hat major refurbishment completed and operating at high rates • Gas restrictions continued to impact product
Slide 10: Forward-looking Statements
Forward-looking Statements FORWARD-LOOKING INFORMATION WARNING This Presentation, our Second Quarter 2015 Management’s Discussion and Analysis (“MD&A”) and comments made during the Second Quarter 2015 investor conference call contain forward-looking statements with respect to us and our industry. Th