General

Corporate Presentation4Q18

General

This presentation contains, or may be deemed to contain, “forward-looking statements”. By theirnature, forward looking statements involve risks and uncertainties because they relate to eventsand 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 theforward-looking statements set out herein, possibly to a material degree.

26.1

General

Business Overview

Consolidated Financials

Appendix

Index

3

General

Business Overview

Consolidated Financials

Appendix

Index

4

General

Investment Highlights

5(1) Note

Source:

Market-leading position in the Americas1

High-return organic projects and accretive M&A3

Attractive consumer-oriented product portfolio2

4 Low cost producer with leading technology

5 Experienced management team

6 Strong free cash flow and financial performance

General

About Alpek

6

• US $7.0 B Revenues

• US $1,063 M EBITDA

(US $804 M Comparable EBITDA)

• 26 Plants

• ~7.0 M Tons/Yr Installed Capacity

• ~5,800 Employees

General

Leading petrochemical company

7

• US $6.6 B Revenues

• US $834 M EBITDA

• 26 Plants

• ~5,900 Employees

• #1 PTA-PET producer in America

• #2 PET producer Worldwide

• #1 EPS producer in America

• Only PP and CPL producer in Mx

25%Plastics &

Chemicals

74%Polyester

Polyester

(PTA, PET, rPET, Fibers)74%

Polypropylene (PP)(1) 11%

Expandable

Polystyrene (EPS)8%

Caprolactam (CPL)

& Fertilizers3%

Specialty & Industrial

Chemicals(2) 3%

% Sales by product

(1) 49% is owned by Lyondell Basell Industries Holdings B.V.

(2) 50% minus one share is owned by BASF de Mexico S.A. de C.V.

Market position

General

Polyester Chain

8

Gasoline

Reformer Paraxylene

Crude Oil

Fibers

PET

PTA

MEGEthyleneCrackerEthane

Naphtha Ethylene

Oxide

Polyester

1

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

2

3

4

5

4

General

Consumer end-markets

9

Sales Geography 2018(US$ 6,991 Million )

Sample End Users by Industry

Food Personal care Textiles

USA

45%Canada

3%

LatAm

18%

Europe

3%Asia and Others

1%

Food and

Beverages

67%

Consumer

Goods

22%

Textiles

7%

Construction

4%

Source: Alpek estimates

Kta: Thousand tons per year

Beverage

México

30%

Volume by Industry 2018(4,402 Kta)

General

Integrated polyester producer (PTA-PET)

10

2004 2018

PTA & PET Capacity Share in the Americas

PTA

PET

Alpek

29%

Alpek

47%

Alpek

44%

8%

Source: WoodMackenzie, Alpek

General

Strategic priorities

11(1) Note

Source:

Strengthen

Core Business

Growth

PET

Sustainability

Strengthen

Core

Business

• Ensure profitability throughout industry cycles

• Enhance position in the Americas

• Secure competitive feedstock/power supply

Growth

• Deliver returns on recent investments (U.S. $1 B)

• Vertical integration

• Strategic and opportunistic M&A

PET

Sustainability

• Expand PET recycling capacity

• Enhance recycled content offering

• Support customer initiatives

Strengthen

Core

Business

Growth

PET

Sustainability

General

2018 Results and 2019 Guidance

12

Sales Volume Revenues

EBITDA CAPEX

(Kto

ns)

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

3,937 3,938 4,012

4,000 4,038

2015 2016

4,734

2017 2019G2018

4,402

+8%

5,2844,838

5,231

6,497 6,440

20182015 2016 2019G2017

7,2486,991

+4%

630 669

384

220

200

2015 20182016

843

2017

718

2019G

1,063

918

-14%

310

2019G2015 2016 2017 2018

317 345

236

826

-63%

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

Suape/

Citepe &

Corpus

Suape/

Citepe

Suape/

Citepe

Business

CombinationCogen. Sale

General

Rapid recovery post-M&G bankruptcy (3Q17)

13

LTM EBITDA(US$ M)

Net Leverage (Net Debt/EBITDA)(Times)

384 407

564

834

1,063

3Q182Q184Q17 4Q181Q18

3.33.1

2.9

1.91.7

4Q183Q184Q17 1Q18 2Q18

General

EBITDA: 2018 vs 2019G

14

Alpek: EBITDA(US$ M)

US$M 2018 2019G

Polyester 529 523

Plastics & Chemicals 275 191

Comparable 804 7181

Extraordinary items 259 200

Inventory Valuation 41 -

Business Combination 220 -

Cogeneration Sale - 200

Others (2) -

Reported 1,063 918

1,063

918220

39

84 6 5

200

P&Ch2018

Comp.

Inventory

& others2018 Business

Comb.

Polyester Others 2019G2019

Comp.

Cogen.

Sale

804

718

(1) Comparable EBITDA includes profits (US $5 M) from other activities such as natural gas sales

General

Relevant events – Progress and status (4Q18)

15

• U.S. $801M sale of Cosoleacaque and Altamira power cogeneration plants

• Signed agreement with ContourGlobal; closing expected 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

• Newly formed 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 TBD

• 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)

• M&G Mexico presented “solicitud de concurso mercantil” with pre-arranged restructuring plan; subject to court approval

• Recycled PET acquisition closed in January (Perpetual)

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

General

Business Overview

Consolidated Financials

Appendix

Index

16

General

Sales Volume and Revenues

17

Sales Volume Revenues

(Kta

)

(US

$ M

illi

on

)

Polyester Plastics & Chemicals

77%

23%

77%

2015 2016

76%

24% 23%

2017

21%

79%

2018

3,937 3,938 4,012

4,402

+10%

29%27%

5,284

71%73%

2015

29%

71%

2016 2017

25%

74%

2018

4,8385,231

6,991

+34%

Source: Alpek estimates

General

Income Statement Accounts

18

Operating Income (Loss) EBITDA

Financial Cost, Net(1) Majority Net Income (Loss)

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

481 532

220

2015 2016 2017 2018

1,086

-3.6%11.0%9.1%% Sales 15.5%

-188

Ex-M&G360

630669

384

843

220

20162015 2017 2018

1,063

497 Ex-M&G

% Sales 7.3%13.8%11.9% 15.2%

116133

93

14195

20162015 2017 2018

188

Ex-M&G

175 198

220

136

2015 20172016 2018

697

162 Ex-M&G

-6.1%4.1% 10.0%3.3%% Sales

-319

Source: Alpek estimates

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

M&G Recovery

Business

Combination

Business

Combination

Business

Combination

General

Balance Sheet Accounts

19

Net Working Capital(1) Property, Plant and Equipment

Net Debt(2) Stockholders’ Equity

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

632694

497

955

20162015 2017 2018

394445 53NWC Days

1,8201,955

2,105

2,390

201720162015 2018

722

1,042

1,262

1,832

20162015 2017 2018

2,005 2,019

1,604

2,193

2015 2016 2017 2018

Source: Alpek estimates

(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

General

Financial Ratios and Other Indicators

20

Net Debt / EBITDA Interest coverage(1)

EBITDA / Ton CAPEX and Acquisitions

(Tim

es)

(Tim

es)

(US

$ / T

on

)

(US

$ M

illio

n)

1.1

1.6

2.5

1.7

2015 20182016 2017

3.3

2.2

Ex-M&G

10.7

7.0

4.8

7.8

2015 20172016

9.9

2018

6.2 Ex-M&G

160 170

192

2016

242

2015 2017

124

2018

Ex-M&G

317 345

236

125

435

266

2015 20172016 2018

826

Suape/Citepe

Source: Alpek estimates

(1) Interest coverage= EBITDA / Net financial expenses

Ex-Business

Combination

Ex-Business

Combination

Ex-Business

Combination

CC Polymers

General

Alpek Consolidated Debt Profile - December 2018

• Net Debt: U.S. $1,832 million / Gross Debt: U.S. $2,043 million

• Available Committed Credit Lines: U.S. $728 million (Total: U.S. $1.210 billion)

• 99% of our debt is denominated in US dollars1

21

212

502

171

345

715

300

202220212020Cash 2019 2023

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

General

Dividends paid to shareholders

22

(US

$ M

illio

n)

100114

95

111

143

143

143

20162013 2014(1) 2015 2017 2018 2019G

286

(1) Paid in December2013

After

Cogeneration

Sale

General

Business Overview

Consolidated Financials

Appendix

Index

23

General

Latest Quarter Results

24

Alpek: Selected Financial Information

Source: Alpek

(1) Times: Last 12 months

(%) 4Q18 vs.

4Q18 3Q18 4Q17 3Q18 4Q17 2018 2017 Ch.%

Total Volume (ktons) 1,061 1,174 975 (10) 9 4,402 4,012 10

Polyester 851 941 752 (10) 13 3,490 3,105 12

Plastics & Chemicals 210 233 224 (10) (6) 912 906 1

Consolidated Revenues 1,758 1,941 1,321 (9) 33 6,991 5,231 34

Polyester 1,295 1,450 933 (11) 39 5,174 3,724 39

Plastics & Chemicals 400 451 388 (11) 3 1,713 1,506 14

Consolidated EBITDA 369 274 141 35 163 1,063 384 177

Polyester 316 198 77 59 308 788 147 435

Plastics & Chemicals 52 76 64 (32) (19) 276 237 16

Profit Attributable to Controlling Interest 393 80 (30) 390 1,399 697 (319) 318CAPEX and Acquisitions 262 37 30 616 777 826 236 250

Net Debt 1,832 1,603 1,262 14 45

Net Debt/LTM EBITDA1 1.7 1.9 3.3

Interest Coverage1 9.9 7.8 4.8

General

Latest Quarter Results

25

Sales Volume Revenues

EBITDA Majority Net Income

(Kto

ns)

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

986 1,038 1,012 9751,0161,151 1,174

1,061

1Q 2Q 4Q3Q

16.0%Ch.% 8.8%3.0% 10.9%

1,293 1,306 1,312 1,3211,532

1,7591,941

1,758

1Q 4Q2Q 3Q

48.0%Ch.% 33.1%18.5% 34.8%

8,358.8%Ch.% 162.8%14.5% 191.1% 120.0%Ch.% 1,399.1%-5.4% 473.8%

158

82

3

141

181

239274

369

2Q1Q 3Q 4Q

8725

-400

-30

82142

80

393

4Q1Q 2Q 3Q

2017 2018Source: Alpek

M&G

Business

CombinationBusiness

Combination

M&G Recovery

220 220

136

General

Latest Quarter Results

26

Alpek: Cash Flow

Alpek: Net Income

Source: Alpek

(%) 4Q18 vs.

4Q18 3Q18 4Q17 3Q18 4Q17 2018 2017 Ch.%

EBITDA 369 274 141 35 163 1,063 384 177

Net Working Capital & Others (45) (125) (37) 64 (21) (321) 83 (485)

Capital Expenditures & Acq. (262) (37) (30) (616) (777) (826) (236) (250)

Financial Expenses (28) (30) (22) 6 (27) (107) (72) (48)

Income tax (17) (34) (9) 52 (80) (92) (87) (5)

Dividends (24) - (7) (100) (237) (53) (176) 70

Payment affiliated companies - - - - (207) 10 1 1,280

Other Sources / Uses (221) (14) (105) (1,511) (111) (245) (118) (108)

Decrease (Increase) in Net Debt (228) 34 (70) (776) (226) (569) (221) (158)

(%) 4Q18 vs.

4Q18 3Q18 4Q17 3Q18 4Q17 2018 2017 Ch.%

Consolidated Net Income 402 101 (20) 299 2,107 765 (271) 383

Non-Controlling Interest 10 21 10 (53) (4) 68 49 40

Controlling Interest 393 80 (30) 390 1,399 697 (319) 318

Earnings per Share (U.S. Dollars) 0.19 0.04 (0.01) 390 1,399 0.33 (0.15) 318

Avg. Outstanding Shares (Millions)* 2,118 2,118 2,117 2,118 2,117

General

EBITDA: 2018 vs 2017

27

Alpek: EBITDA(US$ M)

US$M 2017 2018

Polyester 234 529

Plastics & Chemicals 229 275

Comparable 462 804

Extraordinary items (79) 259

Inventory Valuation 22 41

Business Combination - 220

M&G Provision (113) -

Others 12 (2)

Reported 384 1,063

384

462

804

1,063

113

295

46

220

39

Inventory

& others2017 M&G A/R

Provision

P&Ch

35

2017

Comp.

Polyester 2018

Comp.

Business

Comb.

Inventory

& others2018

General

2018 / 2017 Net Income includes extraordinary items

28

US$M2017

Proforma

Extraord.

items

2017

Reported

2018

Proforma

Extraord.

items

2018

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

Comparable EBITDA and 2019 Guidance

29

Reported EBITDA 2015 2016 2017 2018 2019G

Polyester 344 349 147 788 723

Plastics & Chemicals 284 322 237 276 191

TOTAL 630 669 384 1,063 9181

Comparable EBITDA 2015 2016 2017 2018 2019G

Polyester 378 331 234 529 523

Plastics & Chemicals 273 308 229 275 191

TOTAL 654 637 462 804 7181

Adjustments* 2015 2016 2017 2018 2019G

Polyester (35) 18 (87) 258 200

Plastics & Chemicals 11 14 8 1 -

TOTAL (24) 32 (79) 259 200

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

(1) EBITDA includes profits (US $5 M) from other activities such as natural gas sales

General

Alpek’s installed capacity amounts to 7.0 M tons; 26 production facilities and ~5,800 employees

30

Location of Production Sites Installed Capacity Breakdown (Kta)

AB

CD EF

GIHJ

M

NO

P

Q

R

S

L

T

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 55

H Cooper River 170 150

I Columbia 640 725

J Pearl River 430

K Richmond 45

Canada L Selenis 144

Argentina

(225 kta)

M Zárate 190

N Pacheco 15

OGeneral

Lagos19

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

Total Capacity1: 7,036 Kta 2,890 2,464 115 400 640 325 85 117Source: Alpek estimates

Kta: Thousand tons per year

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

K

General

Alpek has developed a leading position in every product of its portfolio

31

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

lye

ste

rP

las

tic

s &

Ch

em

ica

ls

Source: PCI and Alpek estimates

(1)Staple fiber

General

Alpek has invested in attractive organic projects to enhance profitability

32

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 2Q19

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

Total ~ $580 ~$160

Source: PCI and Alpek estimates

(1) JV among Alpek, Indorama and FENC acquired Corpus Christi project from M&G

General

Alpek also holds a successful M&A track record and is constantly evaluating potential targets

33

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

Alpek

M&A

Product Capacity Year Country Investment

1. Eastman PTA / PET1.3

Mtons2011 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 2015The

AmericasUndisclosed

5. BASF

(Concon)EPS 20 Ktons 2016 Chile Undisclosed

6. Selenis PET 144 ktons 2016 Canada Undisclosed

7. Perpetual rPET 45 ktons 2019 USA Undisclosed

Attractive Market Potential

Existing/Related Business

Cost Competitiveness

Alpek

M&A

General

Alpek acquired Petroquímica Suape and Citepe in Brazil

34

Alpek – Polyester plants Petroquímica Suape and Citepe

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

Ipojuca, 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

General

JV formed to acquire, complete and operate the Corpus Christi project

35

Highlights - Corpus Christi Polymers LLC (CC Polymers)

Contributions as of 1Q18(US$ Millions)

• Newly formed JV between Alpek, Indorama and Far Eastern (FENC)

• Acquired Corpus Christi assets (U.S. $1.199 B)

• Obtained regulatory clearance from FTC

• Does not include cost to complete (amount TBD)

• JV will operate as toll manufacturer for Alpek, Indorama and Far Eastern

• Board of independent managers

• Each partner will:

• Independently procure its raw materials

• Independently sell and distribute their PTA and PET

Alpek (Cash)

Indorama

FENC

Total Value: US$ 1,199 M

399 M

399 M

266 M

133 M

Alpek

(Non-cash)

(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

General

CC Polymers capacity share per partner

36

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

General

Alpek has signed an agreement to acquire a PET recycling plant from Perpetual Recycling Solutions

37

Alpek – Polyester Recycling Plants Perpetual

Fayetteville. USA (Fiber-grade)

Pacheco. Argentina (Food-grade)

• Capacity: 45 Ktons (rPET)

• Location: Richmond, Indiana

• Highlights:

• +60% increase in Alpek rPET capacity

• Closing during 1Q19Richmond, USA (High-quality/ Food-grade)

General

Alpek has effectively transformed its EPS business

38

Alpek: EPS CapacityExpandable Polystyrene (EPS)

The Americas’ installed EPS capacity 2018Total: ̴ 690 ktons

Kta

165

230

325

65

20

75

2014 2018Acquisition

from BASF

(MX/US/SA)

Altamira

Expansion

(Mexico)

Concon

Plant

(Chile)

2015

47%

13%

12%

7%

21%

NexkemiaAlpek

(Styropek)

Flint Hills

Nova

Others

General

Key PET advantages

39

Global Recycling Rate (%)

55

14

• 100% recyclable

• Lower cost and energy consumption vs

aluminum and glass

• Lightweight and resistant

Other PlasticsPET

Source: Ellen MacArthur Foundation (“The New Plastics Economy”)

General

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

40

Case Calendar Final Rates

• 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 %

• Rates applicable for a minimum period of five years.

• Trade orders could be renewed in five-year increments

(1) 154% only for JBF Industries Limited

General

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

41

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

• November’18: Filed appeal of negative injury determination

Countries under

investigation

• Brazil

• Indonesia

• South Korea

• Pakistan

• Taiwan

General

Polyester ChainPTA, PET, and Polyester Fibers

42

EBITDA 2018

US$ 5,174 Million

Revenues 2018

US$ 788 Million

General Information

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

Employees: ~4,300

Products (Capacity):

• PTA (2,890 Kta)

• PET (2,464 Kta)

• rPET (115 Kta)

• Fibers (400 Kta)

Raw Materials:

• Paraxylene (Px)

• Monoethyleneglycol (MEG)

• Acetic Acid and Isopthalic Acid (IPA)

End Markets:

• Food and beverage

• Textile

• Consumer Goods

Source: Alpek

Richmond, Virginia

rPET

General

Plastics & ChemicalsPP, EPS, CPL and Others

43

General Information

EBITDA 2018

US$ 1,713 Million

Revenues 2018

US$ 276 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

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

General

Alpek is managed by an experienced team focused on delivering value to shareholders

44

Po

lye

st

er

Pla

sti

cs

&

Ch

em

ica

lsP

oly

es

ter

Pla

sti

cs

&

Ch

em

ica

lsP

oly

es

t

er

Pla

sti

cs

&

Ch

em

ica

l

s

Name PositionYears with

Alpek / Alfa

José de Jesús Valdez Simancas CEO 43

José Carlos Pons de la Garza CFO 23

Felipe Garza Medina Co-President, Alpek Polyester 42

Jorge Young Cerecedo Co-President, Alpek Polyester 29

Gustavo Talancón Gómez President, Polyester Filaments 30

Alejandro Llovera Zambrano President, Polypropylene 34

José Luis Zepeda Peña President, EPS and Chemicals 33

Gustavo Talancón Gómez President, CPL and Ammonium Sulfate 30

Po

lye

ste

rP

las

tic

s&

Ch

em

ica

ls

Source: Alpek

General

Organization Chart

45

Plastics & ChemicalsPolyester 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

Source: Alpek

General

Polypropylene Chain

46

1) 1.02 ton Propylene per ton PP

Propylene

Refinery

PDH1

Polypropylene

1

Source: Alpek

(1) Propane dehydrogenation

Cracker

General

EPS & CPL Chain

47

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

* dls/gal x 299.3 = dls/ton

Gasoline

Reformer Benzene

Refinery

Crude Oil

EPS

Ethylene

Styrene

Cyclohexane Caprolactam

(CPL)

Cracker

Ammonia

1

3

2

4

5

6

Source: Alpek

General

Alpek has been a reliable partner to other global industry leaders through successful joint ventures

48

+ +

World leader in PP production with

sales in more than 100 countries

Largest petrochemical company in the

world with more than 370 sites

51.0%50.0%

+ 1 Share

Alpek: Sample Joint Venture

Source: Alpek

General

Alpek has grown at a 8% annualized rate since 1988 through M&A, JVs and organic projects

49

Sales Volume 1986-2018

(Index: 1986=100)

1988 1993 1998 2003 2008 2013 2018

U.S. PTA/PET

plant

acquisitions

First power

cogeneration

plant

CPL plant

acquisition

First recycling

plant (JV)

Acquisitio

n 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

The Americas PTA / PET capacity breakdown

50

The Americas

2018 Installed capacity

PTA PET

Ktons USA Mexico Canada Brazil Total

Alpek 640 1,610 - 640 2,890

Indorama 967 - 600 - 1,567

BP 1,400 - - - 1,400

Eastman 250 - - - 250

Total 3,257 1,610 600 640 6,177

Ktons USA Mexico Canada Brazil Argentina Total

Alpek 1,495 185 144 450 190 2,464

Indorama 812 480 - 550 - 1,842

M&G 560 - - - 560

Nan Ya 445 - - - - 445

FENC 270 - - - - 270

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

Source: PCI adjusted with Alpek’s official capacities

General

Alpek operates a state-of-the-art portfolio of proprietary and third-party technologies

51

Alpek: Proprietary and Third Party Technologies

Proprietary

Technologies

(I&D, acquisitions)

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

Source: Alpek

General

Alpek’s IntegRex® technology simplifies both PTA and PET production processes

52

PTA / PET: Process diagram

Steps eliminated with

IntegRexTM technology

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 emissions

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

Source: Alpek

General

Power tariffs (Mexico)

53

Mexico Reference Power Tariff 1

7.8 7.8 7.8 7.77.4

7.77.4

5.76.0

6.6

7.4 7.68.0

9.5

10.8

12.0 11.9

11.1

8.9

Oct OctJulJun MayAug DecSep JanNov Feb Mar Apr Jun AugJul Sep DecNov

20172018

1) Mexico reference power tariff: “Demanda Industrial en Subtransmisión (DIST) del Sistema Interconectado Nacional (SIN), 100% factor de carga”

General

Brent Crude Oil

Brent

20

100

40

80

60

120Dls/Bbl

99 $/bbl

53 $/bbl

2014 2015 2016 2017

44 $/bbl

Guidance 2019

($68/bbl)

2019

54 $/bbl

2018

71 $/bbl

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

General

Propylene and Styrene Prices

55

North America Propylene Contract Price North America Styrene Spot Price

50

42

3331

31

3836

42

48

52

46

39

3939

47

48 49

59

53

46

51

59

5961

6060

50

42

M4Q D1Q JJ2Q D2Q3Q 1Q 4Q F M A J A3Q AO N J SF M M J J

33

A O N

40

5047

S

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

60

5856

4441

J A2Q1Q2Q3Q4Q1Q 3Q4Q J F M A

59

OM MJ A S O N D J F SM J J A N D

2015 2016 2017 2018

(c / lb

)

(c / lb

)

General

Paraxylene (Px) Price

56

PX USA Contract Price1,708

1,635

1,543

1,014970

1,168

948882

838920

871926

995

898981 1,003

1,0691,119

1,444

1,146

4Q15 3Q1620122011 4Q162013 2014 1Q15 1Q183Q152Q15 1Q16 2Q16 1Q17 2Q17 3Q17 4Q17 2Q18 3Q18 4Q18

(US

$ / To

n)

General

PET Margin (Asia)

57

Margin: Asia PET to Px/MEG

(US

$ / To

n)

2016 2017

PTA

PET

201

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

133 135 118

284

11 13 1Q1512 2Q14

240

3Q 4Q 1Q

333

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

263

394

258

210

270

230

377

210

260

212

478

276

342

China

250

2018

Source: ICIS, PCI, CCFGroup, Alpek

General

Polypropylene Margin (USA)

58

Margin: Polypropylene to Propylene (PGP)

(c / lb

)

2015 2016 2017 2018

1011 11 11 11

15

20

26

30

28

23

18 18 18

20 20 20

22

20

23

1Q2011 1Q2013 3Q2012 4Q 4Q3Q2014 2Q 2Q 1Q 2Q 3Q 4Q 1Q 2Q 4Q3Q

General

Caprolactam Margin

59

Margin: CPL Spot (Asia) to contract Benzene (NA)2,108

1,181

1,013

797

986 985

704641

584647 637

781

1,192

819

933

1,108 1,1271,215

1,2671,188

4Q4Q2Q 3Q2011 2012 2013 1Q2014 1Q 4Q2Q 3Q 1Q 2Q 3Q 1Q 2Q 3Q 4Q

(US

$ / To

n)

2015 2016 2017 2018

General

Stock Highlights (BMV: ALPEK)

60

Daily Average Traded Shares & ValueDaily Stock Price

43

0

65

3

1

4

2

5

0

6

21

D FJ F JAF OAM M MJ J JS N AM A J J S O N D

2019

(Pe

so

s)

15

20

25

30

35

SepJan May EneSep May Jan

Shares

Value ($)

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

20172017 20182018

Valuation 4Q15 4Q16 4Q17 4Q17 Proforma

4Q18 4Q18 Proforma

Market Cap. (U.S.$ B) 3,113 2,193 2,951 2,951 2,884 2,884

Net Debt (U.S.$ M) 722 1,042 1,262 1,262 1,832 1,832

EBITDA LTM (U.S.$ M) 630 669 384 497 1,063 843

Enterprise Value / EBITDA 6.5 5.2 11.6 9.0 4.7 5.9

Price / Earnings 13.3 8.0 N/A 13.8 3.8 7.1

Price per Share (MXN) 25.98 21.10 26.50 26.50 27.00 27.00

Exchange Rate (MXN/USD) 17.67 20.35 19.00 19.00 19.83 19.83

2019