General

Corporate Presentation

3Q18

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.

24.4

General

Index

• Business Overview

• Consolidated Financials

• Appendix

3

General

Index

• Business Overview

• Consolidated Financials

• Appendix

4

General

Investment Highlights

Market-leading position in the Americas1

High-return integration and cost-saving projects3

Attractive consumer-oriented product portfolio2

4 Low cost producer with leading technology

5 Experienced management team

6 Strong free cash flow and financial performance

5

General

Alpek is a leading petrochemical company focused

on Polyester chain products, mainly PTA and PET

Source: Alpek estimates

(1) LTM September 2018

(2) 6.65% of the subsidiaries Akra Polyester, S.A. de C.V. and 8.55% Tereftalatos Mexicanos, S.A. de C.V., are owned by BP Amoco Chemical Co.

(3) 49% is owned by Lyondell Basell Industries Holdings B.V.

(4) 50% minus one share is owned by BASF de Mexico S.A. de C.V. 6

Revenues1: US$ 6.6 Billion

EBITDA1: US$ 834 Million

Alpek Polyester2

PTA / PET Polyester Fibers

Polyester (73% of sales) Plastics & Chemicals (26% of Sales)

PolypropyleneExpandable

Polystyrene

Caprolactam

& FertilizersOthers

Indelpro3 Styropek Unimor Polioles4

General

Polyester Chain

Gasoline

Reformer Paraxylene

Crude Oil

Fibers

PET

PTA

MEGEthyleneCrackerEthane

Naphtha Ethylene Oxide

Polyester

Source: Alpek 7

1

1) 0.84 ton Ethylene per ton Ethylene Oxide2) 0.72 ton Ethylene Oxide per ton MEG3) 0.66 ton Paraxylene per ton PTA4) 0.85 ton PTA per ton PET5) 0.35 ton MEG per ton PET

2

3

4

5

4

General

Alpek´s products are widely used for food

packaging and consumer end-markets

Source: Alpek estimates

Kta: Thousand tons per year

Volume by Industry 2017(4,012 Kta)

Consumer

Goods

25%

Textiles

7%Construction

2%

Sales Geography 2017(US$ 5,231 Million )

Europe

3%

Mexico

35%

USA

44%

Asia and Others

1%LatAm

13%

Food and

Beverages

66%

Canada

3%

Sample End Users by Industry

Beverage Food Personal care Textiles

8

General

Alpek is the leading integrated polyester producer

in the Americas (PTA-PET)

PTA(6,190 kta)

Indorama2

NanYa

M&G

FENC

44%

PET(5,581 kta)

The Americas

2017 Installed Capacity

Indorama

BP

Eastman

47%

33%

10%

5%

27%

23%

4%8%

9

1) Far Eastern (“FENC”) acquired Apple Grove assets from M&G on January 30th 2018 . pending government approval

2) Indorama acquired Ipojuca assets from M&G on March 16, 2018. pending government approval

3) Alpek acquired Suape/Citepe on April 30, 2018

Source: PCI and Alpek estimates

3 3

1

General

Alpek’s installed capacity amounts to 7.0 M tons;

26 production facilities and ~5,900 employees

Source: Alpek estimates

Kta: Thousand tons per year

(1) Includes industrial and specialty chemicals and recycled PET capacities

Location of Production Sites Installed Capacity Breakdown (Kta)

Site PTA PET rPET Fibers PP EPS CPL Other

Mexico

(3,030 Kta)

A Monterrey 160

B Altamira 1,000 640 240

C Salamanca 85

D Ocotlán 10

E Cosoleacaque 610 185

F Lerma 100

USA

(2,358 Kta)

G Cedar Creek 170 73

H Cooper River 170 150

I Columbia 640 725

J Pearl River 430

Canada K Selenis 144

Argentina

(225 kta)

L Zárate 190

M Pacheco 16

N General Lagos 19

Brazil

(1,226 kta)

O Guaratingueta 46

S Ipojuca 640 450 90

Chile

(27 Kta)

P Santiago 5

Q Puerto Montt 2

R Concon 20

Total Capacity1: 7,010 Kta 2,890 2,464 89 400 640 325 85 117

AB

CD EF

GIHJ

LMN

O

P

Q

R

K

S

10

General

Alpek has developed a leading position in every

product of its portfolio

Source: PCI and Alpek estimates

(1) Staple fiber

Alpek: Industry Position

Industry Position Comments

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

PET#1 in the Americas

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

Fibers #2 in the Americas1 • Leading supplier of filament for car seatbelts

• 31% est. installed capacity share (excl. filament)

PP Only producer in Mexico • Attractive growth potential

EPS #1 in the Americas• Largest plant in the Americas

• 42% est. installed capacity share in the Americas

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

Po

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Ch

em

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11

General

Alpek has invested in attractive organic projects to

enhance profitability

Strategic Guidelines

Project OverviewEstimated figures and dates

● Capture natural gas, ethane and propane

advantage in North America

● Maximize operating efficiency

● Selective capacity expansion

● Lever IntegRex® technology

ProjectCapex (US$M)

EBITDA (US$M)

Start-up

1. Cosoleacaque Cogeneration 140 30 4Q14

2. MEG Tolling Agreement 65 20 2Q16

3. Propylene Spheres (2) 23 10 2Q17

4. EPS Expansion Altamira 30 10 3Q17

5. Altamira Cogeneration 350 90 4Q18

6. PTA/PET Site (Corpus Christi)1 TBD TBD TBD

Total ~ $580 ~$160

US $556 M invested up to Sep-18

Source: PCI and Alpek estimates

(1) JV among Alpek, Indorama and FENC presented winning bid to acquire Corpus Christi project; transaction subject to approval by governmental authorities 12

General

Alpek also holds a successful M&A track record

and is constantly evaluating potential targets

Attractive Market Potential

Existing/Related Business

Cost Competitiveness

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

Product Capacity Year Country Investment

1. EastmanPTA /

PET1.3 Mtons 2011 USA US $622 M

2. Wellman PET 430 ktons 2011 USA US $123 M

3. Cabelma rPET 16 ktons 2014 Argentina Undisclosed

4. BASF EPS EPS 230 ktons 2015 The Americas Undisclosed

5. BASF (Concon) EPS 20 Ktons 2016 Chile Undisclosed

6. Selenis PET 144 ktons 2016 Canada Undisclosed

Alpek

M&A

7. Petroquimica

Suape/Citepe

PTA 640 ktons

2018 Brazil US $435 MPET 450 Ktons

Fibers 90 ktons

13

General

Revised 2018 Guidance

3,931 3,937 3,938 4,012

4,135

20162014 2015 2017 2018G

4,615

+15%

Sales Volume Revenues

EBITDA CAPEX

Source: Alpek estimates

*Suape/Citepe:Volume +444 ktons, Sales +505 M dls, EBITDA undisclosed

434

630 669

384

569

20162014 2015 2017 2018G

750

+95%

167

345317320

236

2014 2015 2016 2017 2018G

-29%

(Kto

ns

)

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

6,471

5,2844,838

5,231

5,413

20162014 2015 2017 2018G

6,825

+30%

% Sales 6.7% 7.3%11.9% 13.8% 9.1%

14

General

Rapid financial performance recovery post-M&G

bankruptcy (3Q17)

15

376 384407

564

834

3Q17 4Q17 1Q18 2Q18 3Q18

LTM EBITDA(US$ M)

Net Leverage (Net Debt/EBITDA)(Times)

3.23.3

3.1

2.9

1.9

3Q181Q183Q17 4Q17 2Q18

General

EBITDA: YTD18 vs YTD18 Guidance

568

694

63 1746

P&ChYTD’18

Rev.

Guidance

Polyester Inv. Gain

& Others

YTD’18

+126

Alpek: EBITDA(M dls)

US$M YTD’18G YTD’18

Polyester 344 407

Plastics & Chemicals 201 218

Comparable 545 6221

Inventory Gain & Others2 23 72

Reported 568 694

16

(1) Includes other comparable line items (-US$ 2 M)

(2) Inventory gain 2018: +US$69 M, Legal fees –US$10 M, Insurance gain +US$9 M, Sale of unused land +US$3 M;

Inventory gain 2018G +US$33 M, Legal fees –US$13 M, Sale of unused land +US$3 M

General

Relevant events – Progress and status (3Q18)

● Petroquímica Suape and Citepe (Suape/Citepe) acquisition in Brazil▪ Completed April 30, 2018, consolidated in Alpek’s results as of May 1, 2018; US$435 million purchase price

▪ Positive EBITDA contribution in 2Q18 and 3Q18

● M&G’s Restructure Process ▪ JV (Alpek / Indorama / FENC) presented winning bid for Corpus Christi project; subject to governmental approval

▪ Normalized M&G Mexico operations (supported by Alpek)

▪ M&G Brazil acquired by Indorama

● Sale of Cosoleacaque and Altamira power cogeneration plants▪ Altamira plant’s construction on track to conclude before year-end

▪ Signing of long-term power contracts advanced amid favorable rise in power tariffs

● PET antidumping case in U.S.A. against Brazil, Indonesia, Korea, Pakistan and Taiwan ▪ Affirmative final injury determinations from U.S. Department of Commerce; duties range from 5% to 276%

▪ Unexpected negative injury determination from the U.S. International Trade Commission; potential appeal TBD

● Fire occurred in a section of PTA plant in Altamira (July 15, 2018)▪ Alpek completed the required repairs and restarted production in early September

▪ Received advance payment from insurer (US$9 million insurance gain in EBITDA)

17

General

Index

• Business Overview

• Consolidated Financials

• Appendix

18

General

Sales Volume and Revenues

23%

77%

2015

24%

76%

23%

2016

77%

2017

21%

20181

3,937 3,938 4,012

4,317

79%

+8%

Sales Volume Revenues

2016

4,838

27%

73%71%

2015

29%

6,554

71%

29%

2017

26%

73%

20181

5,2315,284

+25%

(Kta

)

(US

$ M

illi

on

)

Polyester Plastics & Chemicals

(1) September 2018 LTM

Source: Alpek estimates 19

General

Income Statement Accounts

481532

688

20162015 2017 20181

Operating Income (Loss) EBITDA

Financial Cost, Net (2) Majority Net Income (Loss)

Source: Alpek estimates

(1) September 2018 LTM

(2) Financial Cost, Net = Net Financial Expenses + Fx Gains (Losses) + Interest Rate Swaps + Gas & Comm. Derivatives

116133

93

165

95

188

20162015 2017 20181

175 198

2015 20172016 20181

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

-3.6%11.0%9.1%% Sales

% Sales

-6.1%4.1% 4.2%3.3%% Sales

630669

384

834

20162015 2017 20181

7.3%13.8%11.9%

10.5%

12.7%

497

384

162

Ex-M&G360 Ex-M&G

Ex-M&G

-188

-207

274

-319

20

Ex-M&G

General

Balance Sheet Accounts

632694

497

975

2015 201822016 2017

Net Working Capital(1) Property, Plant and Equipment

Net Debt(3) Stockholders’ Equity

Source: Alpek estimates

(1) Net Working Capital = Accounts receivable + Other accounts receivable + Inventories - Suppliers - Other accounts payable and accrued expenses

(2) September 2018

(3) Net Debt = Bank loans and notes payable + Current portion of long term debt + Long term debt – Cash

1,8201,955

2,105

2,453

2015 2016 201822017

722

1,042

1,262

1,603

2015 2016 2017 20182

2,005 2,019

1,604

1,839

2018220162015 2017

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

394445 53NWC Days

21

General

Financial Ratios and Other Indicators

Interest Coverage(1)Net Debt / EBITDA

CAPEX and Acquisitions

Source: Alpek estimates

(1) Interest coverage= EBITDA / Net financial expenses

(2) LTM September 2018

10.7

7.0

4.8

8.8

20172016 201822015

6.2

1.1

1.6

2.5

1.9

20172015 2016

3.3

20182

317345

236

159

435

2015 2016 201822017

594

(Tim

es

)

(Tim

es

)

(US

$ M

illio

n)

160170

193

2015 2016 201822017

124

EBITDA / Ton

(US

$ / T

on

)

Ex-M&G

96

Reported

Ex-M&G

Ex-M&G

22

PQS

Ex-PQS

General

Alpek Consolidated Debt Profile - September 2018

● Net Debt: U.S. $1,603 million / Gross Debt: U.S. $1,832 million

● Available Committed Credit Lines: U.S. $693 million (Total: U.S. $1.140 billion)

● 99% of our debt is denominated in US dollars(1)

(1) A small portion of debt is denominated in ARS

229 244

21

190

345

714

300

20222018Cash 202320202019 2021

23

General

Dividends paid to shareholders

143

111

95

114

100

2017201620152014(1)2013 2018

(1) Paid in December2013

(US

$ M

illio

n)

24

General

Index

• Business Overview

• Consolidated Financials

• Appendix

25

General

Latest Quarter Results

Source: Alpek

(1) Times: Last 12 months.

Alpek: Selected Financial Information

26

(%) 3Q18 vs.

3Q18 2Q18 3Q17 2Q18 3Q17 YTD18 YTD17 Ch.%

Total Volume (ktons) 1,174 1,151 1,012 2 16 3,341 3,036 10

Polyester 941 912 788 3 19 2,639 2,353 12

Plastics & Chemicals 233 239 225 (3) 4 701 683 3

Consolidated Revenues 1,941 1,759 1,312 10 48 5,232 3,910 34

Polyester 1,450 1,320 945 10 53 3,879 2,791 39

Plastics & Chemicals 451 439 367 3 23 1,313 1,119 17

Consolidated EBITDA 274 239 3 14 8,358 694 243 185

Polyester 198 162 (51) 22 493 472 70 577

Plastics & Chemicals 76 78 54 (3) 42 224 173 29

Profit Attributable to Controlling Interest 80 142 (400) (44) 120 304 (289) 205CAPEX and Acquisitions 37 471 64 (92) (43) 564 206 174

Net Debt 1,603 1,637 1,192 (2) 34

Net Debt/LTM EBITDA(1) 1.9 2.9 3.2

Interest Coverage(1) 7.8 5.9 5.4

General

Latest Quarter Results

Sales Volume Revenues

EBITDA Majority Net Income

Source: Alpek

(Kto

ns

)

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

9861,038 1,012 9701,016

1,151 1,174

975

1Q 2Q 3Q 4Q

158

82

3

133

181

239

274

141

1Q 2Q 4Q3Q

1,293 1,306 1,3121,183

1,532

1,7591,941

1,321

4Q1Q 2Q 3Q

87

25

-400

2882

142

80

-30

4Q1Q 2Q 3Q

16.0% 48.0%

8358.8% 120.0%

Ch.% Ch.%

Ch.% Ch.%

0.5% 11.7%

5.5% -209.4%

3.0% 18.5%

14.5% -5.4%

(US

$ M

illio

n)

10.9% 34.8%

191.1% 473.8%

2017 2018 ex-M&G201627

General

Latest Quarter Results

Source: Alpek

Alpek: Net Income

Alpek: Cash Flow

28

(%) 3Q18 vs.

3Q18 2Q18 3Q17 2Q18 3Q17 YTD18 YTD17 Ch.%

EBITDA 274 239 3 14 8,358 694 243 185

Net Working Capital & Others (125) (66) 29 (91) (530) (275) 121 (328)

Capital Expenditures & Acq. (37) (471) (64) 92 43 (564) (206) (174)

Financial Expenses (30) (26) (17) (14) (72) (79) (50) (57)

Income tax (34) (33) (19) (4) (85) (75) (78) 4

Dividends - (28) (71) 100 100 (28) (168) 83

Payment affiliated companies - 10 - (100) - 10 1 1,308

Other Sources / Uses (14) 8 5 (280) (392) (24) (13) (87)

Decrease (Increase) in Net Debt 34 (367) (135) 109 125 (341) (151) (126)

(%) 3Q18 vs.

3Q18 2Q18 3Q17 2Q18 3Q17 YTD18 YTD17 Ch.%

Consolidated Net Income 101 159 (394) (36) 126 362 (251) 245

Non-Controlling Interest 21 17 6 25 235 58 38 51

Controlling Interest 80 142 (400) (44) 120 304 (289) 205

Earnings per Share (U.S. Dollars) 0.04 0.07 (0.19) (44) 120 0.14 (0.14) 205

Avg. Outstanding Shares (Millions)* 2,117 2,117 2,117 2,117 2,117

General

Comparable EBITDA and 2018 Guidance (ex-M&G)

Reported EBITDA 2015 2016 2017 2018G2018 G

NewYTD17 YTD18G YTD18

Polyester 344 349 147 346 452 70 361 472

Plastics & Chemicals 284 322 237 224 299 173 208 224

TOTAL 630 669 384 569 750 243 568 694

Comparable EBITDA 2015 2016 2017 2018G2018 G

NewYTD17 YTD18G YTD18

Polyester 378 331 234 346 447 168 344 407

Plastics & Chemicals 273 308 229 224 296 170 201 218

TOTAL 654 637 462 569 742 338 545 622

Adjustments* 2015 2016 2017 2018G2018 G

NewYTD17 YTD18G YTD18

Polyester 35 (18) 87 - (6) 98 (17) (65)

Plastics & Chemicals (11) (14) (8) - (3) (3) (7) (6)

TOTAL 24 (32) 79 - (8) 95 (23) (72)1

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

(1) Inventory gain +69 M dls, Legal fees -10 M dls, Insurance gain +9M dls, Sale of unused land +3 M dls29

General

Alpek acquired Petroquímica Suape and Citepe in

Brazil

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

• Location: Ipojuca, Pernambuco, Brazil

• Highlights: • Only integrated PTA-PET plant in South America• Only PTA producer in South America• 1 of 3 PET plants in South America• Brazil is largest polyester export mkt for Alpek

Montreal. Canada

Charleston. USA

Columbia. USA

Bay St. Louis. USA

Monterrey. México

Fayetteville. USA

Altamira. México

Cosoleacaque. México

Zárate. Argentina

Pacheco. Argentina

Polyester Plants (4,663 Kta)

Petroquímica Suape / Citepe Site

Alpek – Polyester plants Petroquímica Suape and Citepe

Ipojuca, Brazil

30

General

JV formed to acquire, complete and operate the

Corpus Christi project

● Newly formed JV between Alpek, Indorama and

Far Eastern (FENC)

● Winning bid for Corpus Christi assets

(Total value: U.S. $1.169 billion)

▪ Subject to regulatory approval

▪ Does not include cost to complete (amount TBD)

● JV will operate as toll manufacturer for Alpek,

Indorama and Far Eastern

● Each partner will:

▪ Independently procure its raw materials

▪ Pay at cost 1/3 of the PTA and PET produced

▪ Independently sell and distribute their PTA and PET

200

390

969

390

190

200

Cash Other non-cash

contributions

Total Value

1,169

Contributions as of 1Q18(US$ Millions)

Indorama

FENC

Alpek

Cash

Highlights - Corpus Christi Polymers LLC

(CC Polymers)

31

General

PTA1.3 M tons

PET1.1 M tons

Corpus Christi Plant (CC Polymers)

Raw materials

Raw materials • PET (Int.): 367 Kta• PTA: 125 Kta

• PET (Int.): 367 Kta• PTA: 125 Kta

Raw materials • PET (Int.): 367 Kta• PTA: 125 Kta

CC Polymers capacity share per partner

FAR EASTERN GROUP

32

General

Alpek has effectively transformed its EPS business

The Americas’ installed EPS capacity 2017Total: ̴ 600 ktons

Nova

14%

Others

21%

Nexkemia 7%

42%

Alpek

(Styropek)

15%

Flint Hills

75

20

65

325

230

165

Concon Plant

(Chile)

20152014 Acquisition from BASF

(MX/US/SA)

Altamira Expansion (Mexico)

2018

Kta

Alpek: EPS capacityExpandable Polystyrene (EPS)

33

General

Alpek acquired a controlling interest in Selenis

Canada Inc.

• Capacity: 144 Ktons (PET)

• Location: Montreal, Canada

• Highlights: • Only PET plant in Canada• Alpek to capture PTA integration synergies• Complement product portfolio with

differentiated PET products

Montreal. Canada

Charleston. USAColumbia. USA

Bay St. Louis. USA

Monterrey. México

Fayetteville. USA

Altamira. México

Cosoleacaque. México

Zárate. Argentina

Pacheco. Argentina

Polyester Plants (4,519 Kta)

Selenis Plant (144 Kta)

Alpek – Polyester plants Selenis Canada Inc.

34

General

U.S.A. PET antidumping case (2016)

Case Calendar

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

International Trade Commission (ITC) filing

• March´16: DOC issued affirmative FINAL Antidumping

Duty and Countervailing Duty determinations

• April´16: ITC issued affirmative FINAL determinations

Countervailing Antidumping

Canada N/A 14 %

China 7 – 126 % 105 – 126 %

India 0 – 1541 % 8 – 19 %

Oman 0 % 8 %

(1) 154% only for JBF Industries Limited

Final Rates

• Rates applicable for a minimum period of five years.

• Trade orders could be renewed in five-year increments

35

General

U.S.A. PET antidumping case (2017)

Case Calendar

• September’17: Petitions filed

• 4Q17: Investigation initiated by Department of Commerce (“DOC”) and

International Trade Commission (“ITC”)

• April´18: Affirmative preliminary determinations

• September’18: Final affirmative determinations by DOC

• October’18: Negative injury determination by ITC; potential appeal TBD

36

Countries under investigation

• Brazil

• Indonesia

• South Korea

• Pakistan

• Taiwan

General

Canada PET antidumping case (2017)

Canada

● Canada Border Services Agency (“CBSA”) imposed preliminary duties in 4Q’17 (22%-77%)

● Canadian International Trade Tribunal (“CITT”) ruled no injury or threat of injury from imports

● CITT ruling appealed (2Q18)

Countries under investigation

• China

• India

• Oman

• Pakistan

37

General

Polyester Chain

PTA, PET, and Polyester Fibers

Employees: ~4,300

Products (Capacity):

• PTA (2,890 Kta)

• PET (2,464 Kta)

• rPET (89 Kta)

• Fibers (400 Kta)

Raw Materials:

• Paraxylene (Px)

• Monoethyleneglycol (MEG)

• Acetic Acid and Isopthalic Acid (IPA)

End Markets:

• Food and beverage

• Textile

• Consumer Goods

EBITDA 2018 LTM

US$ 4,812 Million

Revenues 2018 LTM

US$ 549 Million

General Information

Source: Alpek

Selenis, Quebec.

PET

Cedar Creek, NC

PET, R-PET

Cooper River, SC

PET & PSF

Columbia, SC

PTA & PET

Pearl River, MI

PETAltamira, Tamps.

PTA

Zárate, Arg.

PET

Pacheco, Arg.

PET

Monterrey, N.L.

Headquarters

Polyester Filament

Cosoleacaque, Ver.

PTA & PET Ipojuca, Brazil

PTA, PET and Fibers

38

General

Plastics & Chemicals

PP, EPS, CPL and Others

General Information

Employees: ~1,600

Products (Capacity):

• Polypropylene - PP (640 Kta)

• Expandable Polystyrene - EPS (325 Kta)

• Caprolactam - CPL (85 Kta)

• Other (117 Kta)

Raw Materials:

• Propylene, Styrene, Cyclohexane,

Ammonia, Sulphur, Pentane, Ethylene

Oxide, Propylene Oxide and Others

End Markets:

• Consumer Goods

• Food and Beverage

• Construction

EBITDA 2018 LTM

US$ 1,701 Million

Revenues 2018 LTM

US$ 288 Million

Ocotlán, Jal.

Nylon 6

Monterrey, N.L.

Headquarters,

Lerma, Edo. De Mex.

Specialty Chemicals

Altamira, Tamps.

PP, EPS

Salamanca, Gto.

CPL and Fertilizers

Guaratingueta, Brazil

EPS

Santiago, Chile

Other

Puerto Montt, Chile

Other

General Lagos, Argentina

EPS

Concon, Chile

EPS

Source: Alpek 39

General

Alpek is managed by an experienced team focused

on delivering value to shareholders

Source: Alpek

Po

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Name PositionYears with

Alpek / Alfa

José de Jesús Valdez Simancas CEO 42

José Carlos Pons de la Garza CFO 22

Felipe Garza Medina Co-President, Alpek Polyester 41

Jorge Young Cerecedo Co-President, Alpek Polyester 28

Gustavo Talancón Gómez President, Polyester Filaments 29

Alejandro Llovera Zambrano President, Polypropylene 33

José Luis Zepeda Peña President, EPS and Chemicals 32

Gustavo Talancón Gómez President, CPL and Ammonium Sulfate 29

Po

lye

ste

rP

las

tic

s&

Ch

em

ica

ls

40

General

Plastics & Chemicals

Organization Chart

Source: Alpek

Polyester Chain

Felipe GarzaCo-President

Alpek Polyester

Jorge YoungCo-President

Alpek Polyester

Alejandro Llovera

President, Polypropylene

Gustavo TalancónPresident, Polyester Filaments

José Carlos Pons de la

GarzaCFO

José de Jesús ValdezCEO

José Luis Zepeda

President, EPS and Chemicals

Gustavo Talancón

President, CPL and Ammonium

Sulfate

41

General

Polypropylene Chain

Source: Alpek

Propylene

Refinery

Cracker

Polypropylene

42

1

1) 1.02 ton Propylene per ton PP

General

Gasoline

Reformer Benzene

Refinery

Crude Oil

EPS

EPS & CPL Chain

Source: Alpek

Ethylene

Styrene

Cyclohexane Caprolactam

(CPL)

Cracker

Ammonia

43

1) 0.29 ton Ethylene per ton Styrene2) 0.79 ton Benzene per ton Styrene3) 0.94 ton Benzene* per ton Cyclohexane4) 1.04 ton Cyclohexane per ton CPL5) 0.90 ton Ammonia pero ton CPL6) 1.00 ton Styrene per ton EPS

1

3

2

4

5

6

* dls/gal x 299.3 = dls/ton

General

+ +

World leader in PP production with sales

in more than 100 countries

Largest petrochemical company in the

world with more than 370 sites

Alpek has been a reliable partner to other global

industry leaders through successful joint ventures

51.0%50.0%

+ 1 Share

Source: Alpek

Alpek: Sample Joint Ventures

44

General

Sales Volume 1986-2018(Index: 1986=100)

Alpek has grown at a 8% annualized rate since

1988 through M&A, JVs and organic projects

45

1988 1993 1998 2003 2008 2013 2018

U.S. PTA/PET

plant

acquisitions

First power

cogeneration

plant

CPL plant

acquisition

First recycling

plant (JV)

Acquisition

of first PTA

plantPP plant

start-up (JV)

First U.S.

polyester

plant

acquisitions

EPS capacity

expansion (JV)

IPO (BMV)

Polyester

acquisition in

Brazil

Source: Alpek

General

Alpek is the leading integrated polyester producer

in North America (PTA-PET)

1) Far Eastern (“FENC”) acquired Apple Grove assets from M&G on January 30th 2018

Source: PCI and Alpek estimates

PTA(5,550 kta)

M&G

FENC1

Indorama

NanYa

42%

PET(4,391 kta)

North America

2017 Installed Capacity

BP

Indorama

Eastman

41%

29%

13%

10%

30%

25%

5%

6%

46

General

Organic growth and acquisitions position Alpek as

a leading PTA and PET producer in North America

2004(5,500 Kta)

2017(5,550 Kta)

2004 (3,800 Kta)

2017(4,931 Kta)

North America

PTA – Installed Capacity(1)

North America

PET – Installed Capacity(1)

Eastman

Interquisa

BP

Invista

Indorama

Eastman

Wellman

Invista

M&G

NanYa

Others

M&G

Indorama

NanYa

FENC1

Source: PCI adjusted with Alpek’s official capacities

2017 Capacities, 2018 YTD M&As

29%

41%

8%

42%

Indorama

BP

Eastman

1) Far Eastern (“FENC”) acquired Apple Grove assets from M&G on January 30th 2018 47

General

The Americas PTA / PET capacity breakdown

Ktons USA Mexico Canada Brazil Total

Alpek1 640 1,610 - 640 2,890

Indorama 1,050 - 600 - 1,650

BP 1,400 - - - 1,400

Eastman 250 - - - 250

Total 3,340 1,610 600 640 6,190

Ktons USA Mexico Canada Brazil Argentina Total

Alpek1 1,495 185 144 450 190 2,464

Indorama2812 480 - 550 - 1,842

M&G 560 - - - 560

Nan Ya 445 - - - - 445

FENC3 270 - - - - 270

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

PTA PET

1) Alpek acquired Suape/Citepe on April 30, 2018

2) Indorama acquired Ipojuca assets from M&G on March 16, 2018. pending government approval

3) Far Eastern (“FENC”) acquired Apple Grove assets from M&G on January 30th 2018 . pending government approval Source: PCI adjusted with Alpek’s official capacities

2017 Capacities, 2017 M&As

The Americas

2017 Installed Capacity

48

General

Proprietary Technologies

(I&D, acquisitions)

Third-Party

Technologies

Alpek operates a state-of-the-art portfolio of

proprietary and third-party technologies

PTA

• Integrex PTA

PET

• Integrex PET

• Melt – TekTM

Oilfield Chemicals

• In-house

technology

Polypropylene

• Spheripol (LB)

• Spherizone (LB)

EPS

• Single Step

(BASF)

Caprolactam

• HSO

• DSM

Alpek: Proprietary and Third-Party Technologies

Source: Alpek

49

General

Oxidation

Post-Oxidation

Filtration and

Drying

CTA Storage

Filtration and

Drying

Feed prep

Hydrogenation

Crystallization Crystallization

PTA Storage

Polymerization

Precursor

Storage

Esterification

Pre-Poly

Annealing

Solid State

Polymerization

Crystallization

PET Resin

Pelletization

Precursor

Preheating

Steps eliminated

with IntegRexTM

technology

Alpek’s IntegRex® technology simplifies both PTA

and PET production processes

Benefits from 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

• Lower wastewater by-product and greenhouse gas emissionsSource: Alpek

PTA / PET: Process Diagram

50

General

Power cogeneration overview

Contract-based

power

customers

Ga

s

turb

ine

Heat Recovery

Cogeneration plant

Ste

am

turb

ineNatural Gas

Electricity

Steam

Steam

12

3

1. Gas turbine generates electricity

2. Combustion gases produce steam

3. Steam is used to generate additional electricity and for Alpek’s chemical reactions

Hot

gases

51

General

M&G Chemicals Overview

● Founded 1953 in Toronta, Italy

● Private company; no public debt or equity

● 20-yr comercial relationship w/Alpek(11% of Alpek sales)

PTA PET

Apple Grove (USA) 270

Altamira (Mexico) 560

Suape (Brazil) 550

Corpus Christi1 (USA) 864 600

About M&G Plant locations

Installed Capacity

1) Under construction; net of Alpek’s capacity reservation

Source: PCI

Altamira

Suape

Apple Grove

Corpus Christi1

52

General

Alpek’s exposure to M&G

US$M Guarantee

Capacity Reservation Corpus Christi 435 Corpus Christi assets (2nd lien)

Accounts Receivable 113 Unsecured

$90 M Loan 90 Corporate guarantees

M&G Mexico Loan (Acquired) 100 M&G Mexico PET plant in Altamira (1st lien)

M&G Mexico Loan 301 US $60 M secured credit facility

1) Amount disbursed as of 1Q18 53

General

M&G’s Corpus Christi site capacity breakdown

(pre-bankruptcy agreement)

420 Ktons

PTA1.3 M tons

M&G850 Ktons

500 Ktons

M&G600 Ktons

Pearl River

PET1.1 M tons

350 Ktons PTA

Corpus Christi Site (CC)

Raw materials(e.g. Px, MEG, etc.)

Raw materials(e.g. Px, MEG, etc.)

54

General

Non-recurring charges associated to M&G (2017)

Income Statement Balance Sheet

US$M2017

(ex-M&G)

Non-rec.

charges2017

Operating Income 360 (548) (188)

Intangible asset impairment (435)

A/R Provision (113)

EBITDA 497 (113) 384

A/R Provision (113)

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

Taxes (52) 158 106

Net income (loss) 214 (485) (271)

Profit (loss)attributable to

controlling interest162 (481) (319)

Net Debt 1,262 1,262

Net Debt / EBITDA 2.5 3.3

US$MDec-17

(ex-M&G)

Non-rec.

chargesDec-17

Assets 5,298 (546) 4,752

Trade accounts receivable 657 (113) 544

Intangible Assets – Cap Res 566 (360) 206

Other Assets – Cap Res 77 (75) 2

Other Assets – Loan 204 (95) 109

Other Assets – Deferred tax 26 97 123

Other Assets 3,769 - 3,769

Liabilities 3,208 (61) 3,147

Other Liabilities – Deferred tax 284 (61) 223

Other Liabilities 2,924 - 2,924

Stockholders’ Equity 2,089 (485) 1,604

Net Income 214 (485) (271)

Others 1,875 - 1,875

55

General

2018 average Brent price estimated at $57/bbl

Brent Crude Oil

• Δ 1 US$ dollar / Bbl = ~ Δ 3 US$ Million EBITDA

20

40

60

80

100

120Dls/Bbl

99 $/bbl

53 $/bbl

2014 2015 2016 2017

44 $/bbl

Guidance 2018

($57/bbl)

2018

54 $/bbl

56

Revised Guidance 2018

($71/bbl)

General

Propylene and Styrene Prices

North America Propylene Contract Price North America Styrene Spot Price

50

42

31 3133

3836

42

48

52

46

39 39

3940

4748

4950

59

53

47 46

51

59 59

6160

J2Q1Q F3Q S4Q1Q2Q 4Q3Q J F M A M J J A O AN D AJ M M J S

33

2015 2016 2017 2018

44

59

48

39

42

4644

49

59

74

63

50

46

48 50

55

60

52

53

57 60

72

68

59 59

56

6058

4Q3Q2Q1Q 2Q3Q4Q1Q JJ F SM MA M J J A O N D J F M A J A S

59

2015 2016 2017 2018

(c / lb

)

(c / lb

)

57

General

1,7081,635

1,543

1,014970

1,168

948882

838920

871926

995

898981 1,003

1,0691,119

1,444

2Q’152013 2014 3Q’172011 2012 1Q’15 3Q’15 1Q’164Q’15 2Q’16 3Q’16 4Q’16 1Q’17 2Q’17 4Q’17 1Q’18 2Q1’8 3Q’18

Px USA Contract Price

(US

$ / To

n)

Paraxylene (Px) Price

58

General

Margin: Asia PET to Px/MEG

(US

$ / To

n)

PET Margin (Asia)

2016 2017

PTA

PET

201

74 71 69 63 59 71 64 63 60 72 80 81104

133 135

15 4Q14

210

13

258

11 3Q1Q

377

12 2Q 4Q 1Q 2Q

284

3Q

240

1Q

260

2Q

394

270

230212 210

276263

342

478

3Q

China

250

2018

Source: ICIS, PCI, CCFGroup, Alpek

59

General

Margin: Asia PET to Px/MEG

(US

$ / To

n)

PET Margin (Asia)

2016 2017

PTA

PET

59 71 64 63 60 72 80 81

1Q 3Q2Q

240

3Q 4Q 4Q1Q 2Q

104

1Q

133

2Q

135

276

3Q

210

260

212 210

263284

342

478

377

China

2018

Source: ICIS, PCI, CCFGroup, Alpek

60

(US

$ / To

n)

2016 2017

58 70 64 66 5571 79 75

98

1Q2Q

118

4Q1Q 3Q 4Q 1Q 2Q 3Q 2Q

143

3Q

212

455

248262

224210

278

216

282306

424

2018

Original

3Q= Jul-Sep

Adjusted

3Q= Jun-Ago

General

Polypropylene Margin (USA)

Margin: Polypropylene to Propylene (PGP)

(c / lb

)

2015 2016 2017 2018

61

1011 11 11 11

15

20

26

30

28

23

18 18 18

20 20 20

22

20

2Q 4Q3Q2011 201420132012 1Q1Q 2Q 4Q3Q 4Q 1Q 2Q 3Q 1Q 2Q 3Q

General

2,108

1,181

1,013

797

986 985

704641

584647 637

781

1,192

819

933

1,108 1,1271,215

1,267

2013 2Q2011 2012 2014 3Q1Q 4Q 3Q2Q1Q3Q 1Q2Q 3Q 4Q 1Q 4Q 2Q

Margin: CPL Spot (Asia) to Contract Benzene (NA)

(US

$ / To

n)

Caprolactam Margin

2015 2016 2017 2018

62

General

Alpek stock highlights (BMV: ALPEK)

Valuation 4Q15 4Q16 4Q17 4Q17 Proforma

3Q182018New

Guidance

Market Cap. (U.S.$ B) 3,113 2,193 2,951 2,951 3,449 3,409

Net Debt (U.S.$ M) 722 1,042 1,262 1,262 1,603 1,573

EBITDA LTM (U.S.$ M) 630 669 384 497 834 750

Enterprise Value / EBITDA 6.5 5.2 11.6 9.0 6.4 7.0

Price / Earnings 13.3 8.0 N/A 13.8 10.1 13.0

Price per Share (MXN) 25.98 21.10 26.50 26.50 31.00 31.00

Exchange Rate (MXN/USD) 17.67 20.35 19.00 19.00 19.04 19.25

1

2

0

6

0

3

4

5

4

2

6

3

5

1

MJJ MA S O SN D A MJ J A SF N JD JO M A J AF

Daily Average Traded Shares & Value

2016

Daily Stock Price

(Pe

so

s)

15

20

35

30

25

40

Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep

2016

Shares

Value ($)

(M Shares) (U.S. $ M)

20172017 2018

63

2018