Methanex (MX) Investor presentation summary

Strategic positioning and market leadership

• Holds a leading position as the world’s largest methanol producer and supplier, with a global integrated supply chain and dedicated shipping fleet.

• Operates 11 plants across 7 production locations, with a run-rate annual methanol production of 9.3 million metric tonnes.

• Maintains a ~20% share of the internationally traded methanol market, supported by extensive logistics assets including ~30 marine vessels and ~1,300 rail cars.

• North American asset base is strategically expanded to leverage stable, economic natural gas supply.

• Integration of OCI Global’s methanol assets is expected to increase production and cash flow through operational synergies.

Financial performance and capital allocation

• Achieved adjusted EBITDA of $808M in 2025, up from $764M in 2024, with strong free cash flow capability across methanol price cycles.

• Demonstrates disciplined capital allocation, prioritizing sustaining capex, deleveraging, and opportunistic share buybacks.

• Maintains a strong liquidity position with $600M revolving credit facility and $425M cash balance as of year-end 2025.

• Returned ~$1.9B to shareholders and invested ~$3.3B in growth over the past decade.

• Targets investment grade leverage metrics and a minimum $300M cash balance.

Market dynamics and demand outlook

• Global methanol demand is forecast to grow at ~3% CAGR over the next five years, with traditional chemical and energy-related applications driving growth.

• Demand is expected to outpace firm capacity additions, leading to a projected supply shortfall of 2–4 MMT by 2029.

• Methanol’s unique chemistry, scale, and transportability make it difficult to substitute, supporting resilient demand.

• Marginal producers are primarily high-cost coal and natural gas plants in China, while North American assets enhance cost competitiveness.