Methanex Corporation · TSX:MX
Methanex — Investor Presentation (October 2026)
39 slides from Methanex's investor presentation, October 2026
Slide 1: The Global Methanol Leader
The Global Methanol Leader CORPORATE PRESENTATION OCTOBER 2026
Slide 2: Forward-looking statements and non-GAAP measures
Forward-looking statements and non-GAAP measures Information contained in these materials or presented orally, either in prepared remarks or in response to questions, may contain forward-looking statements. Actual results could differ materially from those contemplated by the forward-looking stateme
Slide 3: Q3 2026 Earnings Summary
Q3 2026 Earnings Summary 3 Methanex | The Global Methanol Leader | Investor Presentation
Slide 4: Q3 2026 Key Takeaways
Q3 2026 Key Takeaways Q3 2026 EBITDA Bridge – Q2 2026 to Q3 2026 ($M) Q3 Adjusted EBITDA decreased to $543 million from $577 million in Q2 2026 -35 Primarily driven by lower average realized price with partial offset 14 -4 from higher produced sales volumes -9 Costs were higher quarter over quar
Slide 5: Q4 2026 and FY2026 Expectations
Q4 2026 and FY2026 Expectations Oct/Nov & $ Millions, unless otherwise indicated Q3-26 Comments Q4-26 Outlook Methanol average realized price (/MT) $525 - $5501 $510 Expected ARP for the October and November period Produced methanol sales (kMT) Similar 2,272 Q4 expectation based on ~9,000kMT 2026 eq
Slide 6: Company Overview
Company Overview 6 Methanex | The Global Methanol Leader | Investor Presentation
Slide 7: Methanex is the world's largest producer and supplier of methanol globally
Methanex is the world’s largest producer and supplier of methanol globally Strategy Competitive advantage Safety is the top priority We create value through our Safe, sustainable, and secure supply. We are committed to the leadership in the global Underpinned by our global integrated highest standar
Slide 8: Safety is our number one priority
Safety is our number one priority Our commitment to Responsible Care is unwavering; we work every day to put our values and safe practices into action to ensure the safety of our employees, contractors, visitors, and communities where we operate. In 2025, we had zero Tier 1 Recordable Injury Rate vs
Slide 9: Reasons to Invest in Methanex
Reasons to Invest in Methanex 9 Methanex | The Global Methanol Leader | Investor Presentation
Slide 10: Why Invest?
Why Invest? Turning the corner from investment to impact METHANOL: A QUIETLY TRANSFORMING LEVERAGING GLOBAL FOCUS ON FREE CASH DISCIPLINED CAPITAL CONSTRUCTIVE MARKET WITH PURPOSE CAPABILITIES FLOW CONVERSION ALLOCATION Structurally tight High-graded asset Operational excellence Proactive management
Slide 11: Methanol is difficult to substitute based on its unique chemistry, scale, ease of transport and cost
Methanol is difficult to substitute based on its unique chemistry, Traditional chemical Essential building block used in scale, ease of transport and cost applications expected to grow with GDP formaldehyde, acetic acid, etc. to make raw materials for building and automotive parts, paints, paper, pl
Slide 12: Global methanol demand and supply dynamics
Global methanol demand and supply dynamics Demand expected to grow at a ~3% CAGR over the next five years Europe (including Russia/CIS) China Production Demand Production Demand 5% 10% ~50% 60% ~75% of ~85% of production production from coal-based from Russia plants North America / Latin America Mid
Slide 13: Firm capacity additions unlikely to meet growing demand in the mid-term
Firm capacity additions unlikely to meet growing demand in the mid-term Nameplate capacity additions (MMT) Limited new capacity 8.0 Methanex Forecast Limited firm capacity additions expected in the Atlantic market. 7.0 New capacity is needed to meet demand 6.0 growth; greenfield projects typically t
Slide 14: Demand growth and limited new capacity additions lead to a growing supply gap
Demand growth and limited new capacity additions lead to a growing supply gap Demand rationalization and/or higher operating rates required to balance the market Estimated 5-year global methanol demand and supply growth 16 MMT Shortfall 9 MMT 2-4 MMT 9-11 MMT ME & Russia 4 MMT Net China Additions 5
Slide 15: An advantaged, high-quality portfolio
An advantaged, high-quality portfolio ~75% Cost Advantage Low-cost, abundant North American gas exposure Operational Strength High reliability, consistent performance North America Portfolio Discipline Operating Capacity1 Exited structurally challenged, low-return assets Methanex's portfolio is stro
Slide 16: High grading the portfolio – last 15 years of evolution
High grading the portfolio – last 15 years of evolution Increased exposure to advantaged N.A. gas basins Investment & Growth 67% (TTM 2011 2011 2015 2024 2025 Q3-26) Medicine Methanex Geismar 1 & Geismar 3 OCI Hat Egypt 2 online online acquisition restart online (Chile 2 & 3 relocations) 2012-2013 2
Slide 17: Hedging to strike a balance
Hedging to strike a balance Benefiting from lower N.A. gas prices while protecting against gas price spikes Illustrative rolling ladder hedge strategy – target ~50% near- Distribution of Henry Hub monthly price (Jan. 2016 - October 2026) term hedges Fraction of gas requirement hedged Years in the fu
Slide 18: Global production capacity across six production locations
Global production capacity across six production locations Strategically expanded our North American footprint to capitalize on stable and economic supply of natural gas feedstock North America ~6.4 MMT methanol operating capacity 0.34 MMT ammonia operating capacity 6 plants 3 production locations G
Slide 19: Competitive position on the industry cost curve
Competitive position on the industry cost curve Illustrative methanol industry cost curve The global methanol cost curve is ($/tonne) fragmented The delivered cost of methanol varies widely across regions due to differences in feedstock availability (natural gas vs. coal), plant efficiency, transpor
Slide 20: Focused cost discipline
Focused cost discipline Our competitive structure enables us to provide secure supply to our customers and create value throughout the cycle Natural gas Logistics Natural gas Logistics ~ 50% 1 • North America: target ~ 25% Fleet of ~30 vessels Network of owned and meaningful near-term hedge suppleme
Slide 21: Competitive advantage from global integrated capabilities
Competitive advantage from global integrated capabilities Scale and flexibility enabling Methanex to be the supplier of choice and attract and retain customers around the world Extensive integrated global supply chain with Industry leading customers a dedicated shipping fleet Sharing of best p
Slide 22: Target highest return
Disciplined approach to deploying available free cash flow After satisfying core requirements & deleveraging… … disciplined allocation of available free cash flow • Sustaining capex Growth • Interest & lease payments Target highest return Strategic investments in value-creating • Dividend growth opp
Slide 23: Adjusted free cash flow capability
Adjusted free cash flow capability Asset portfolio adjustments, dynamic supply chain environment and de-leveraging underway Adjusted EBITDA and Adjusted free cash flow capability to equity holders ($M) at average realized methanol prices ($/MT) $1,450 $1,075 $50 $850 $650 $50 $500 $50 $150 $300/MT $
Slide 24: Strong financial position
Strong financial position Strong liquidity and well-balanced debt maturities Consistent track record of balanced capital investment and shareholder distributions Debt Maturity Profile1 ($M) Repaid Bonds In the last 10 years, we have returned ~$1.9B to shareholders and spent ~$3.3B on organic & inorg
Slide 25: Forward-looking statements
Forward-looking statements This presentation, our Annual 2025 Management’s Discussion and Analysis ("MD&A") as well as comments made during the Third Quarter 2026 investor conference call contain forward-looking statements with respect to us and our industry. These statements relate to future events
Slide 26: Non-GAAP Measures
Non-GAAP Measures • Note that Adjusted EBITDA, Adjusted free cash flow , Adjusted debt, and • The unhedged portion of our North American natural gas requirements Leverage are non-GAAP measures that do not have any standardized are purchased under contracts at spot prices. Estimates assume Henry mean
Slide 27: Modeling Information
Modeling Information 27 Methanex | The Global Methanol Leader | Investor Presentation
Slide 28: Modeling Information 1/3
Modeling Information 1/3 ~25-30% Run rate financial profile (Methanex share) Sales mix Europe ~$500M ~25% ~15-20% ~35-40% Depreciation + Amortization Effective tax rate Americas China ~15-20% Asia Pacific (ex. China) Run rate equity production and capital expenditure ~9.0 MMT ~0.3 MMT 2026E methanol
Slide 29: Modeling Information 2/3
Modeling Information 2/3 Reconciliation of Adjusted EBITDA to Adjusted Free Cash Flow capability: Adjusted EBITDA and Adjusted free cash flow capability to equity holders ($M) at average realized methanol prices Include amounts ($/MT) Methanex GAAP attributable to Exclude Share – Financial Non-Contr
Slide 30: Modeling Information 3/3
Modeling Information 3/3 Operating capacity (MMT)1 Run-rate production (MMT)2 Number of operating plants Gas supply Medicine Hat, Canada 0.56 ~.56 1 Fixed price contracts and spot market Geismar, USA 4.0 ~4.0 3 Financial hedges, fixed price contracts, and spot market Beaumont, USA 1.76 ~1.61 2 Finan
Slide 31: Appendix
Appendix 31 Methanex | The Global Methanol Leader | Investor Presentation
Slide 32: Methanol demand applications
Methanol demand applications Applications % of global End uses demand1 Traditional Used as wood adhesive for plywood, particleboard and other engineered wood products Formaldehyde ~25% chemical Also used as raw material for a variety of building and automotive products applications Used to produce a
Slide 33: Chemicals value chain
Chemicals value chain BUTADIENE AROMATICS OLEFINS PROPYLENE METHANOL ETHYLENE AMMONIA FEEDSTOCKS BASE CHEMICALS AND INTERMEDIATES PRODUCTS MARKETS/USES MDI/TDI POLYESTER CLOTHING, BOTTLES (PET), FABRIC TOLUENE PTA NYLON FABRIC, CARPET, AUTOMOTIVE XYLENE CYCLOHEXANE PHENOL/ACETONE SOLVENTS, INTERMEDI
Slide 34: Methanol-to-olefins (MTO) value chain
Methanol-to-olefins (MTO) value chain Food packaging, Polyethylene plastic bags Natural Gas or Coal Feedstock Pipes, window EDC PVC frames Ethylene Synthesis EO MEG PET Textile, bottles MTO production mostly Gas integrated with downstream products and Insulation cups, Ethyl benzene Styrene Polystyre
Slide 35: Embedding sustainability: from strategy to action
Embedding sustainability: from strategy to action1 Solutions focused and committed Advancing COMMITMENTS PROGRESS IN 2025 to continual improvement solutions for a Reduce Scope 1 and Scope 2 10.7% reduction in emissions intensity3, achieving our target 5 years low-carbon future GHG emissions intensi
Slide 36: Methanol's role in the low-carbon economy
Methanol’s role Multiple methanol pathways in the low-carbon GREEN economy BIOGENIC HYDROGEN FEEDSTOCKS Methanex is evaluating economically competitive CAPTURED CO₂ low-carbon methanol production pathways to align with customer demand. E-METHANOL NATURAL GAS BIOMETHANOL CO₂ GREY METHANOL BLUE METHAN
Slide 37: Reducing emissions and exploring paths to low-carbon methanol
Reducing emissions and exploring paths to low-carbon methanol Providing solutions for the emerging low-carbon market supports our strategy of global methanol leadership REDUCING EMISSIONS FROM PROGRESSING LOW-CARBON OUR OPERATIONS SOLUTIONS Efficiently Designed Growth Projects Carbon Capture, Utiliz
Slide 38: With Methanex leading the way, fleets can stay on course to decarbonization
With Methanex leading the way, fleets can stay on course to decarbonization Methanex has been there from the beginning, developing methanol as a marine fuel. We are well-positioned to help transition the shipping industry to a low-carbon future, having led the way in the marine fuel industry for ove
Slide 39: Investor Relations
Investor Relations T: 604 661 2600 [email protected] www.methanex.com linkedin.com/company/methanex-corporation @Methanex 39 Methanex | The Global Methanol Leader | Investor Presentation