Corporate Presentation

2nd Quarter 2020

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.

Disclaimer

2

Alpek at a Glance

Key Investment Highlights

The Case for PET

Financials

Relevant Events

Appendix

Index

3

Alpek is the largest component of ALFA’s portfolio Alfa posted US$17.5B in Revenues & US$2.3B in EBITDA1

4

8 out of 10

Mexican Corporates use

Axtel’s IT and Telecom

services

11 Sigma brands

sell more than

US$100M a year each

1 out every 4 new cars

sold in the world contains

at least one Nemak

product

728 production wells

operated by Newpek

in U.S. and Mexico

Petrochemicals Food Products Aluminum Auto Parts IT + Telecom Oil & Gas

82%

18%

100%

75%

25% 53%

28%

19%

100%

Alfa Publicly traded

EBITDA1

(% Alfa)31% 27% 12% -37%

#1 in the production of

PTA, PET and EPS

in the Americas

Petrochemicals

82%

18%

Other Privately Held

(1) Figures as of December 31, 2019

Source: Alpek

Alpek is one of the largest PetChems in The AmericasStrong portfolio of products across two main segments

5

Polyester (76% Sales)2 Plastics & Chemicals (23% Sales)2

Revenues1:Comparable

EBITDA1:

Net Debt /

Adjusted EBITDA1:US$6.2B US$722M 1.6x

(1) Figures for the year ended December 31, 2019;

(2) Sales revenue for the year ended December 31, 2019; additional 1% represented by other small business

Source: Alpek

Specialty Chemicals

& Fertilizers

Caprolactam

(CPL)

Expandible

Polystyrene (EPS)

Polypropylene

(PP)

Polyester

Fibers

PTA, PET

& rPET

Our footprint spans 28 plants across 7 countries Over 7 million tons and more than 6,300 employees worldwide

6

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

(2,385 Kta)

G Fayetteville, NC 170 55

H Charleston, SC 170 150

I Columbia, SC 640 725

J Bay St. Louis, MI 430

K Richmond, IN 45

Canada

(144 Kta)L Montreal 144

Argentina

(225 Kta)

M Zárate 190

N Pacheco 15

O General Lagos 19

Brazil

(1,226 Kta)

P Guaratingueta 46

Q Ipojuca 640 450 90

Chile

(27 Kta)

R Santiago 5

S Puerto Montt 2

T Concon 20

United Kingdom

(350 Kta)U Wilton 350

Total Capacity: 7,386 Kta 2,890 2,814 115 400 640 325 85 117

Polyester

P&C

Kta: Thousand tons per year

Source: Alpek estimates

Alpek at a Glance

Key Investment Highlights

The Case for PET

Financials

Relevant Events

Appendix

Index

7

Investment Highlights

State-of-the-art technology resulting in low-cost position

Portfolio uniquely placed to lead growth of circular economy

Market leadership across all our products in the Americas

Consumer-oriented product portfolio limited demand volatility

Proven track record of growth across all parts of the cycle

Clear strategy & catalysts executed by experienced management team

1

2

6

3

5

4

Alpek holds leading industry positions for all its products

9

Polyester Industry Position1 by Product

(1) Industry position is based on installed capacity and reflects market position as of December 31, 2019. (2) Polyester Staple Fiber (excluding filaments)

Source: PCI and Alpek estimates

PP

EPS

CPL

1

1

1

Mexico

The Americas

Mexico

PTA

rPET

PET

PSF2

1

1

1

2

The Americas

The Americas

The Americas

The Americas

2 Worldwide

P&C Industry Position1 by Product

1. Market Leadership1

Alpek is the largest PTA-PET producer in AmericasMarket has consolidated & become increasingly organized over time

10Kta: Thousands tons per year

Source: Wood Mackenzie

Kta

The Americas PTA Capacity Share (%) The Americas PET Capacity Share (%)

Kta

1. Market Leadership1

(1) Includes CC Polymers

Source: Alpek & Wood Mackenzie

36%

24%

7,240

2015

27%

2025E1

23%

14%

49%

24%

2020

46%

25%

19%

9%6,190

Indorama

BP

Others

5,940

6%

5,681

27%

16%

34%

5,494

32%

24%

43%

2015

10%

33%

8%

2020

42%

11%

8%

7%

2025E1

Indorama

FENC

M&G

6,781

Others

Food & Beverage 55%

Construction 4%

Consumer Goods 35%

Textiles 7% EUR 3%

SA 24%

USA/CAN 44%

MEX 29%

ME 0%Asia 0%

Resilient end-markets account for 89% of volume97% of Alpek’s sales are dollar-based

11

Beverage Food Personal Care Textiles

Volume 2019

4,384 Kta

Sales 2019

US$6,216 M

89%

Volume by Industry 20191 Sales Geography 20191

Sample End Users by Industry

71%

1. Consumer Oriented Portfolio2

(1) Volume and sales breakdown for data for the year ended December 31, 2019.

Kta: Thousand tons per year

Source: Alpek

Alpek has grown at 8.8% CAGR since 1986Constant growth at different points of the industry cycle

12

´86 ´93 ´98 ´03 ´08 ´13 ´18 ´19 ´25

Acquisition

of first PTA

plant

PP plant

start-up (JV)

CPL plant

acquisition

First U.S.

polyester

plant

acquisition

EPS

capacity

expansion

(JV)

First

recycling

plant (JV)

First power

cogeneration

plant

IPO (BMV)U.S. PTA/

PET plant

acquisitions

Polyester

acquisition

in Brazil

DMT

Expansion

rPET

Acquisition

in USA

Corpus Christi

Polymers (JV)

Sales volume 1986-2018 (Index: 1986 = 100)PET

acquisition

in UK

1. Proven Growth3

Source: Alpek

Oxidation

Post-Oxidation

CTA Storage

Filtration and

Drying

Feed prep

Hydrogenation

Crystallization Crystallization

PTA Storage

Polymerization

Precursor

Storage

Esterification

Pre-Poly

Annealing

Crystallization

PET Resin

Pelletization

Precursor

Preheating

Filtration and

Drying

State-of-the-art tech, strategically located assets & low-cost

logistics yield low cost position in industry

13

Steps eliminated with

IntegRex ®

Marg

in

Cost

80% of Market

Participants

Continuous investment in own technology has

improved Alpek’s cost position (i.e. IntegRex)

World scale production facilities make Alpek the

low-cost producer in The Americas (i.e. PP)

Solid State

Polymerization

1. Low Cost Position4

Source: Alpek, Philip Townsend

Long-term strategy is based around 3 key pillars

Foster

Circular

Economy

Strengthen Core

Business

Strategic

& Focused

Growth

14

1. Strategy & Mgmt. Team5

Each pillar includes set of concrete growth catalysts

15

• Global Cost Improvement

• Value-added Products

• FCF Generation

• Footprint Optimization

• Value Chain Integration

• Product Innovation

• Maximize CCP Value

• rPET Leadership

• Recycling Promotion

• Sustainable Product Portfolio

Growth Catalysts Details / Description

• Zero Based Budgeting & process innovation (Mainly Operations, Logistics & SG&A)

• Shift to products with higher margins & barriers to entry (Copolymers, Grey EPS)

• Reductions to CAPEX & NWC / Recover M&G Mexico debt

• Ensure global production is performed in optimal sites & logistic networks

• Grow capacity selectively & integrate into value chain (Px, Mexico EPS)

• New products & business lines (Biovento, Natural Gas Commercialization, CO2, PLA)

• Optimize project timing & minimize CAPEX

• Lead rPET supply in Americas through capital-effective investment

• Secure PET Bale & Flake supply / Equip vPET plants with single-pellet technology

• Active lobbying for circular economy via associations & The Recycling Partnership

• Develop sustainable alternatives for all our products (Biodegradable EPS & PP, etc.)

Strengthen

Core

Business

Strategic &

Focused

Growth

Foster

Circular

Economy

1. Strategy & Mgmt. Team5

Mgmt. with 30+ years average experience in PetChemClear strategy & culture of empowerment ensure efficient operations

16

Plastics & Chemicals

José Carlos PonsCFO (24)

José de Jesús ValdezCEO (44)

Felipe GarzaCo-President

Alpek Polyester (43)

Jorge YoungCo-President

Alpek Polyester (30)

Gustavo TalancónPresident

Polyester Filament (31)

Alejandro LloveraPresident

Polypropylene (35)

José Luis ZepedaPresident

EPS & Chemicals (34)

Gustavo TalancónPresident CPL &

Ammonium Sulfate (31)

Polyester

(#) Years with Alfa/Alpek

Source: Alpek

1. Strategy & Mgmt. Team5

Our strong innovation efforts are focused on circular economy initiatives and process improvements

17

Open

Innovation

Initiative

• Structured collaboration with start-ups to identify and

monetize innovation trends related to our business

• Extended reach beyond in-house innovation

• Reduced time-to-market for new products

• Increased efficiency of R&D capital allocation

In-house

Innovation

(Examples)

• Process simplification & cost reduction to Integrex

PTA/PET production process

• Organic fertilizer production from bio-mass organisms

• Chemical recycling processes from PET back to PTA &

MEG and EPS back to Styrene

1. Portfolio prepared to lead in circular economy6

Alpek recognized for its ESG efforts yet company strivesto continue improving its performance in this field

18

1. Portfolio prepared to lead in circular economy6

2“Overall Best ESG - Latin America”

Oil, Gas & Petrochemicals61

68 68

3932 32

Jun. ’19 Apr. ’20 Jul. ’20

Risk

Rating

Sustainalytics ESG Ratings

39 67 69 Percentile

Alpek at a Glance

Key Investment Highlights

The Case for PET

Financials

Relevant Events

Appendix

Index

19

Plastics have been in the news a lot lately…

20

Indexed Google Searches (2009-2020)

100

367

111009 1712 14 1513 16 18 19

PlasticWaste

20

…But not all plastics are the samePET is 100% recyclable, recycled at high rates & can be remade back to its original use

21

Polyethylene

Terephthalate

High Density

PolyethylenePolyvinyl Chloride

Low Density

PolyethylenePolypropylene Polystyrene

Others

(PC, et al.)Plastic

100%Recyclable &

Recycled?

Back to Original

Purpose?

PET HDPE PVC LDPE PP PS

FullyOnly

Non-Dyed

Non-

ApplicableEmerging Emerging

Non-

Applicable

✓ ✓ ✓ ✓

Emerging

✓

Polyethylene terephthalate (pol·y·eth·yl·ene·ter·eph·thal·ate)

Commonly known as PET or PETE and identified by

Mainly used to bottle water & carbonated beverages worldwide

Extremely versatile and used for many other consumer goods too

Safe for consumption. Always.

Making the world better since 1973

Hey there, I’m PET, I think we’ve met…

BPA

FREE

PHTHALATE

FREE

22

PET isnumber .

for a reason

23

PET is the best option because of its traits…

24

11g.1.0x

283g.25.7x

15g.1.4x

1.5¢1.0x

6.5¢4.3x

3.1¢2.1x

Shatter

Resistant

Note: All figures per 355ml bottle

Source: International Monetary Fund, CCFGroup, Bloomberg, SBAcci

Convenient &

Resealable

Costs +50%

Less

Uses 25%

Less Material

…making it the most widely usedbeverage packaging material

2525

04 1606 0705 11 1708 181203 1301 14 1500 1009 1902

98

Aluminum-0.2%

Glass+0.4%

37

34

PET+6.3%

116

37

94

USA Beverage Packaging Industry Units by Substrate (B Units)

Source: SBAcci

PET’s carbon footprintis 60-80% lower than

glass or aluminum

Source: Franklin Associates

Carbon Footprint Over Lifecycle(lbs. CO2 Eq. / 100k oz.)

4.3x2.5x

1,125

2,766

4,848

GlassPET Aluminum

1.0x

Photo: Aluminum making process Photo: Glass making process

1,200oF 2,800oF

26

27

We havea plastic

waste problem

28Source: Reuters, USA Today

“Coca-Cola chooses plastic bottle collection over aluminum cans to cut carbon footprint”Alexis Akwagyiram

Coca-Cola is committed to collecting and recycling plastic bottles rather than switching to aluminum cans as the world’s largest soft drinks maker seeks to reduce its carbon footprint, said James Quincy, its chief executive officer to Reuters.

“Coke, Dr Pepper, Pepsi execs: We are committed to reducing plastic waste”Jim Dinkins, Derek Hopkins and Kirk Tanner

Recently, we launched an industrywide effort with the country’s leading advocates for conservation and recycling to reduce our need for new plastic by working to collect, recycle and remake plastic bottles from the plastic bottles we already produce.

Our bottles are already designed to be 100% recyclableso they can be remade into new bottles. The plastic we use in our bottles is used to make a variety of consumer products and is in high demand across many industries. All of us are eager to get the plastic back through improved recycling. When recycled appropriately, our bottles can be made into new bottles.

Industry leaders agree the solution lies with further increasing PET recycling rates, not imposing bans

PET already highly recycled on a worldwide basisUSA with largest potential in NA to increase recycling rates

29

PET Recycling

Rate (%)…

58

16

69

46

30

65

98

58

16

69

46

30

65

98

PET

Worldwide

Aluminum

Worldwide

Other Plastics Glass

Worldwide

PET

Germany

PET

USA

PET

Mexico

Very different from

other plastics…

On par with other beverage

package alternatives…

…and with potential to continue

growing under right incentives

Source: Wood Mackenzie, Ball Corporation, Aluminum.org

Everyone must play a part in order to incentivize recycling and ensure a circular PET usage loop

30

Waste Mgmt.

Producers Consumers

Bottlers

• Consume responsibly

• Recycle everything

• Separate trash properly

• Increase rPET production

• Meet bottlers’ needs

• Improve rPET technology

• Grow gathering network

• Improve PET separation

• Improve bale quality

• Use higher rPET (%) content

• Design for higher recyclability

• Willingness to source rPET

Government• Promote recycling

• Promote use of

lower CO2 products

Alpek is leading the way towards fosteringa fully circular PET economy

31

Alpek already recycling

5 Billionbottles each year

Active member of to

strengthen USA recycling efforts

55

70

115

2010 2014 2019KTon

Among largest rPET

producers in The Americas

Fayetteville, NC

USA

Gral. Pacheco, BA,

Argentina

Richmond, IN,

USA

32

So, what else canwe do personally?

Share this information

Reduce, reuse & recycle

Separate waste properly

3R

1. PET is an unrivaled product for CPG packaging

▪ 100% recyclable and already 58% recycled worldwide

▪ Only plastic that can be 100% recycled to its same use

▪ 50% cheaper & 25% lighter than glass & aluminum

▪ Resealable, hygienic & shatter-resistant packaging option

2. PET is the best option for the environment

▪ 60-80% lower carbon footprint than glass & aluminum

3. Focus on promoting a truly circular economy for PET

▪ Promote increase rPET content instead of generalized bans

▪ Grow recycling infrastructure to increase PET bale availability

▪ Focus on improving recycling scale, cost-efficiency & education

Need to get the word out to gain momentum, ensure alignment, and make sure decisions are made using the full set of facts

The Case for PET (in short)

33

Alpek at a Glance

Key Investment Highlights

The Case for PET

Financials

Relevant Events

Appendix

Index

34

669

843662

220

188

2016 2017 20202018 2019 2019

384

1,063

301

850

185

Recent Financial Results

35

Sales Volume (K Ton) Revenues (US$ M)

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

20192016 2017 20202018

Polyester

2019

P&C

4,8385,231

6,991

6,216

3,2862,608

270

10642

345

2016 20192017 2019

826

2018 2020

236

Suape/

Citepe &

CCP

Business

Combination

Cogen.

Sale

% Sales 13.8% 16.7%7.3% 15.2% 7.1%9.2%

Comparable

excl. RMCF

20192016 2017 20202018

P&C

2019

4,012

Polyester

3,9384,402 4,384

2,208 2,293

YTD YTD

YTD YTD

EBITDA BreakdownAlpek Comparable EBITDA excluding RMCF improved in 2Q20

151

94 102

63

33

62

5046

39

46

40

6

42

2Q19 Comparable

EBITDA excl.

RMCF

1Q20 Comparable

EBITDA excl.

RMCF

2Q20 Comparable

EBITDA excl.

RMCF

110

Polyester

Others

2Q20

Reported

EBITDA

RMCF1 2Q20

Comparable

EBITDA

Inventory

Adjustment

Others

P&C

217

147 149

74

+1%

Alpek 2Q20 EBITDA (US$M)

(1) Raw Material Carry-forward36

Continuously improving financial performanceNet Debt decreased in 2Q20 as Leverage remains at strong levels

Net Debt (US$M) LTM EBITDA (US$M) Net Debt/EBITDA (Times)

944

864 850821

735

2Q202Q19 3Q19 1Q204Q19

2.22.4

1.6

1.7

1.9

1Q203Q192Q19 4Q19 2Q20

2,084 2,036

1,3301,436 1,428

2Q19 3Q19 4Q19 1Q20 2Q20

-1%

37

Balance Sheet Accounts

Net Working Capital1 (US$ M) Property, Plant and Equipment (US$ M)

Net Debt2 (US$ M) Stockholders’ Equity (US$ M)

694

497

951

774

604

201820172016 2019 2020

534353 44NWC Days

1,9552,105

2,390

1,9681,862

2016 2017 20202018 2019

1,042

1,262

1,832

2016 20202017 2018 2019

1,3301,428

2,019

1,604

2,1932,391

1,959

2019201820172016 2020

IFRS

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

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

Source: Alpek estimates

50

38

Debt Profile99% of Debt denominated in USD1,2 / Debt average life @ 4.0 years

39

Consolidated Debt Profile2 (Jun. 2020)

Net Debt: Gross Debt:Available Comm.

Credit LinesUS$1,428M US$2.038B US$590M

(1) A small portion of debt is denominated in MXN, EUR and ARS

(2) Excludes leases, documents and accrued interests

610

212169

300

500

650

0

100

200

300

400

500

600

700

800

900

2027Cash 2026202220212020 2023 2024 2025 2028 2029

675

Cash

Bonds

Bank Debt

Coupon

4.250%

Coupon

4.500%

Coupon

5.375%

US$M

Dividends to Shareholders

(1) Paid in January 2020

100114

95111

143 143 1432.1

3.03.4 3.4

5.95.95.6

2

0

150

100

150

-1

0

3

4

5

6

20192013 20141 2015 2016 2017

4.72

20182

(US

$ M

)

Dividend Yield (%)

(1) Paid in December 2013

(2) Showing US$143M Dividend in 2018 (Paid in 2020)

40

274

369

140161

194

356

111

74

2Q3Q 1Q4Q

Business

Comb.

Results by Quarter

Sales Volume (K Ton) Revenues (US$ M)

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

1,1741,061 1,087 1,1211,118

1,0591,184

1,109

3Q 4Q 1Q 2Q

1,9411,758

1,642 1,6431,523

1,407 1,433

1,175

2Q1Q4Q3Q

80

393

275650

209

-19

6

2Q3Q 1Q4Q

2019 2020

Business

Comb.

M&G Recovery

220

136

2018 Comparable

220 188Cogen

Sale

Source: Alpek

41

Comparable EBITDA

(1) EBITDA includes profits from other activities such as natural gas sales

Reported EBITDA

(US$ M)

Polyester 349 147 788 428 33 96 91 176

Plastics & Chemicals 322 237 276 218 40 61 89 115

Cogeneration Plant’s Sale - - - 188 - - - -

TOTAL 669 384 1,063 850 74 161 185 301

Adjustments*

(US$ M)

Polyester 18 (87) 258 (47) (30) (27) (46) (31)

Plastics & Chemicals 14 8 1 (13) (6) (1) (7) (5)

Cogeneration Plant’s Sale - - - 188 - - - -

TOTAL 32 (79) 259 128 (36) (28) (53) (36)

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

Comparable EBITDA

(US$ M)

Polyester 331 234 529 474 63 123 137 207

Plastics & Chemicals 308 229 275 231 46 62 96 120

TOTAL 637 462 804 722 110 189 238 337

2Q19

2Q20 2Q19

2016 2017 2018 2019

2016 2017 2018 2019

2016 2017 2018 2019

YTD

2020 2019

2020 2019

2020 20192Q20 2Q19

2Q20

42

Raw Material Carry-forward Effect (RMCF) BreakdownSmaller YoY & QoQ difference in EBITDA when excluding extraordinary effects

2020 2019 Delta

M dls 1Q 2Q YTD 1Q 2Q YTD 1Q 2Q YTD

Reported EBITDA 111 74 185 140 161 301 (29) (87) (116)

Inventory Adjustment (17) (42) (59) (19) (27) (46) 2 (15) (13)

Others 0 6 6 11 (1) 10 (11) 7 (4)

Comparable EBITDA 127 110 238 148 189 337 (20) (79) (99)

Raw Material Carry-forward (20) (39) (59) (19) (28) (47) (1) (11) (12)

Comparable EBITDA excl. RMCF 147 149 296 167 217 384 (20) (68) (88)

43

Alpek at a Glance

Key Investment Highlights

The Case for PET

Financials

Relevant Events

Appendix

Index

44

Relevant Events & Updates

45

1

2

3

COVID-19

• Alpek products are considered essential as they serve Food / Beverage / CPG packaging & medical supplies

• Operations not affected as Alpek continues serving customer demand

• Guidance withdrawn due to volatility and until reliable estimate can be provided

Dividend payment suspended

• U.S. $82 million dividend approved in Annual Shareholders’ Meeting was suspended on May 21st to focus on

financial stability

• Board of Directors retained authority to pay out at later date this year without convening new meeting

M&G Mexico PET plant restructuring process

• Normalized M&G Mexico operations continue (supported by Alpek)

• Ruling on “Concurso Mercantil” with pre-arranged restructuring plan expected in 2H20

COVID-19 Update

46

Feedstock

Prices

Polyester

Margins

Operations

Demand

• Lower crude oil demand in Asia results in

historically low prices for Crude Oil and Px

• Resulting in negative Inventory loss & RMCF

effects in 2Q20, with potential to revert in 3Q20

• Solid demand and lower Asian PTA/PET output

improved margins (+13% QoQ)

• Alpek’s businesses deemed as essential / No

adverse effect to operations

• Increased safety measures for employees at

plants and home-office whenever possible

• Strong PET volume, particularly due to emphasis

on hygiene and safety

• EPS volume from Construction segment impacted

in Mexico, though rebounded in June

+

=

+

=

Alpek at a Glance

Key Investment Highlights

The Case for PET

Financials

Relevant Events

Appendix

Index

47

Polyester Value Chain

48

Ethane(From Natural Gas)

Ethylene

Crude Oil Refinery Naphtha Reformer/BTX

PX

Ethylene OxideCracker

0.80 ton Ethylene

per ton EO

0.66 ton PX

per ton PTA

MEG

0.72 ton EO

per ton MEG

0.84 ton PTA

per ton PET

0.34 ton MEG

per ton PET

PTA

Fibers &

Filaments

PET rPET

Source: Alpek, Nexant

Polypropylene (PP) Value Chain

49

Ethane /

Propane

Source: Alpek, Nexant

Expandable Polystyrene (EPS) Value Chain

50

Crude Oil Refinery Naphtha Reformer Pentane

Ethylene

Benzene

StyreneEthane(From Natural Gas)

Cracker EPS

0.29 ton Ethylene

per ton Styrene

0.79 ton Benzene

per ton Styrene

0.94 ton Styrene

per ton EPS

0.06 ton Pentane

per ton EPS

Source: Alpek, Nexant

Caprolactam (CPL) Value Chain

51

Natural Gas

Crude Oil Refinery

Cyclohexane

Naphtha Reformer

Benzene

Ammonia

Caprolactam

Ammonium SulfateSyngas

0.94 ton Bz per

ton Cyclohexane

0.99 ton CX

per ton CPL

Fertilizers

Nylon

Source: Alpek, Nexant

Latest Quarter Results

(1) Times: Last 12 months

Source: Alpek

Results and Key Metrics

52

Latest Quarter Results

Source: Alpek

Cash Flow

Net Income

* The same number of equivalent shares are considered in the periods presented53

Relevant References: Crude OilHistorical lows in April before rebound after OPEC production cuts

Brent Crude Oil Price

53

44

54

71

64

120

60

0

100

40

20

80

US$/Bbl

Avg.99

2014 2015 2016 2017 20192018 2020

54

Relevant References: ParaxylenePx prices continued to fall in 2Q20 following their correlation with Crude Oil

1,7081,635 1,641

1,382

992876

989924 924

9771,056 1,100

1,258 1,2821,165

1,077955 937

876

590

0

500

1,000

1,500

2,000

2011

US$/Ton

2012 2013 2014 2015 2016 2Q1Q 2Q 3Q 4Q 4Q1Q 3Q 4Q 1Q 2Q 3Q 1Q 2Q

2017 2018 2019

NA Px Contract Price

US$143/ton

decrease

from Mar.’20

to Jun.’20

2020

55

Integrated PET MarginsMargins improved by 13% based on resilient demand and lower Asian production

200

74 69 69 62 64 60 72 80 81 104133 135 117 110

155 14082 78 83

193

174 186 208165 159 180

204 184 202

238

346

242

215 214

214

164

145196

227

0

100

200

300

400

500

600

2012 2013

227

US$/Ton

PET

2015

277

2011

377

1Q3Q2014 2016 1Q

275304

2Q2Q 4Q 1Q 2Q 3Q 4Q 1Q 3Q

227

4Q 2Q

PTA

310333

393

248 255

223240

276263

284

342

478

324

370

China

2017 2018 2019

Asian Margins (Px / MEG to PET)

2020

56

NA Propylene Contract Price (PGP) NA Polypropylene Margin (PP to PGP)

12 1213

15

24

27

19

22 22 2221

20

1516

0

2

4

6

8

10

12

14

16

18

20

22

24

26

28

16 2Q1511

cpp

1412 13 17 18 1Q 3Q 4Q 1Q 2Q

76

60

6971

39

34

45

54

38 37 3835

31

26

0

10

20

30

40

50

60

70

80

17 1Q

cpp

1211 1513 4Q14 16 18 2Q 3Q 1Q 2Q

2019 2020 2019 2020

Relevant References: Propylene & PolypropyleneDecrease in PGP contract prices, but PP margins remain strong

57

Relevant References: Caprolactam

2,100

1,240

1,069

840 862

727

1,216

839934

1,141 1,1371,231 1,272 1,281

1,075976

692 644549

669

0

300

600

900

1,200

1,500

1,800

2,100

2,400

1Q 1Q

US$/Ton

2011 20142012 2013 2015 2Q2016 2Q 3Q 4Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

2017 2018 2019

Asian Caprolactam to NA Benzene Spread (Contract)

2020

Source: IHS Markit

58

Stock Highlights (BMV: ALPEK)

Daily Average Traded Shares & Value (M Shares)

Daily Stock Price (MXN)

1

4

0

2

3 4

5

0

6

2

S MJ AJJ NF JMM NA OM A S D F M J OA D J MF A JJ

2019

20

0

40

30

10

Jan SepSepMay Jan May Jan May

(M Shares) (US$ M)

2018 2019

Valuation 2017 2018 2019 2Q20

Market Cap. (US$ B) 2,951 2,916 2,307 1,230

Net Debt (US$ M) 1,262 1,832 1,330 1,428

EBITDA LTM (US$ M) 384 1,063 850 735

Enterprise Value /

EBITDA11.6 4.7 4.6 3.9

Price / Earnings N/A 3.8 5.9 4.4

Price per Share (MXN) 26.50 27.30 21.00 13.60

Exchange Rate

(MXN/USD)19.00 19.83 19.26 23.36

2018 2020

2020

59

Alpek’s Investor Relations Team

60

8 Years at Alfa/Alpek

Previously held roles in Talent and Culture at Alfa and Axtel

BA in International Relations from ITESM

Alejandra

Bustamante

IR Manager

abustamante@alpek.com

9 Years at Alfa/Alpek

Previously held roles as Director of Logistics & Procurement at Indelpro, Director of Energy Markets at Alfa,

and Project Leader at The Boston Consulting Group

BS in Industrial Engineering from Cornell University and MBA from Stanford Graduate School of Business

Alejandro

Elizondo

IRO

aelizondo@alpek.com

alpek.com