General

Corporate Presentation1Q19

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.

27.1

General

Business Overview

Consolidated Financials

Appendix

Index

3

General

Business Overview

Consolidated Financials

Appendix

Index

4

General

Investment Highlights

5

Market-leading position in the Americas

High-return organic projects and accretive M&A

Attractive consumer-oriented product portfolio

Low cost producer with leading technology

Experienced management team

Strong free cash flow and financial performance

1

2

3

4

5

6

General

About Alpek

6

1Q’19 LTM

• US $7.1 B Revenues

• US $1,022 M EBITDA

(US $781 M Comparable EBITDA)

• 26 Plants

• ~7.0 M Tons/Yr Installed Capacity

• ~5,800 Employees

General

Leading petrochemical company

7

• #1 PTA-PET producer in America

• #2 PET producer Worldwide

• #1 EPS producer in America

• Sole PP and CPL producer in Mx

Polyester

(PTA, PET, rPET, Fibers)75%

Polypropylene (PP)(2) 10%

Expandable

Polystyrene (EPS)8%

Caprolactam (CPL)

& Fertilizers3%

Specialty & Industrial

Chemicals(3) 2%

% Sales by product(1)

(1) 1Q19 LTM

(2) 49% is owned by Lyondell Basell Industries Holdings B.V.

(3) 50% minus one share is owned by BASF de Mexico S.A. de C.V.

Market position

75%Polyester

23%Plastics &

Chemicals

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

Sustained

Growth

Product

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. $1B)

• Pursue vertical integration

• Strategic and opportunistic M&A

PET

Sustainability

• Expand PET recycling capacity

• Enhance recycled content offering

• Support customer initiatives

Strengthen

Core

Business

Sustained

Growth

Product

Sustainability

General

2018 Results and 2019 Guidance

12

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

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

3,937 3,938 4,012

4,000 4,038

2017 20182015 2016 2019G

4,4024,734

+8%

5,2844,838

5,231

6,497 6,440

20162015 20182017 2019G

6,991 7,248

+4%

630 669

384

220

200

1,063

2015 2016

718

2018

843

2017 2019G

918

-14%

310

2015 2016 2017 2018 2019G

317 345

236

826

-63%

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

Suape/

Citepe &

Corpus

Suape/

Citepe

Suape/

Citepe

Business

Combination Cogen.

Sale

General

EBITDA & Leverage

13

LTM EBITDA(US$ M)

Net Leverage (Net Debt/EBITDA)(Times)

407

564

834

1,0631,022

1Q18 2Q18 3Q18 1Q194Q18

3.1

2.9

1.91.7

2.2

1Q194Q183Q181Q18 2Q18

General

EBITDA: 1Q19 vs 1Q19G

14

Alpek: EBITDA(US$ M)

US$M 1Q19G 1Q19

Polyester 112 84

Plastics & Chemicals 39 58

Others 3 5

Comparable 154 148

Extraordinary items - (8)

Inventory Valuation - (19)

Others - 11

Reported 154 140

154

2819

148

1911

140

1Q19

Comparable

3

1Q19G Polyester OthersP&Ch Inventories Others 1Q19

Reported

General

Relevant events – Progress and status (1Q19)

15

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

• Agreement ratified by ContourGlobal board; closing expected by end of 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

• 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 by end of 2019

• 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)

• “Solicitud de concurso mercantil” with pre-arranged restructuring plan accepted by courts; ruling expected by end of year

• 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

Income Statement Accounts

17

Operating Income/Loss (US$M) EBITDA (US$M)

Financial Cost, Net(2) (US$M) Majority Net Income/Loss (US$M)

532

220 220

2016

1,086

201912017 2018

1,032

3.6%11.0%% Sales 14.5%

-188

Ex

M&G

360

669

384

843 802

220220

201912016

1,063

20182017

1,022

497

% Sales 15.2%7.3%13.8% 14.4%

133

93

141159

95

2016 2017 2018 20191

188

198

220220

136136

2016

697

2017 201912018

642

162

10.0%-6.1% 9.0%4.1%% Sales

-319

Source: Alpek estimates

(1) 1Q19 LTM

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

M&G Recovery

Business

Combination

Business

Combination

15.5%

Ex

M&G

Ex

M&G

Ex

M&G

Business

Combination

General

Balance Sheet Accounts

18

Net Working Capital(1) Property, Plant and Equipment

Net Debt(3) Stockholders’ Equity

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

694

497

955 967

20182016 2017 20192

464153 44NWC Days

1,9552,105

2,390 2,430

20192201820172016

1,0421,262

1,832

20172016 2018 20192

2,2002,019

1,604

2,1932,072

201922016 20182017Source: Alpek estimates

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

(2) March’19

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

IFRS

General

Sales Volume and Revenues

19

Sales Volume Revenues

(Kta

)

(US

$ M

illi

on

)

Polyester Plastics & Chemicals

24%

79%76%

2016

21%

23%

77%

2017 2018

20%

80%

20191

4,4734,402

3,938 4,012

+10%

71%

29%

74%

2016

29%

75%

71%

2017

25%

4,838

2018

23%

20191

5,231

6,991 7,101

+34%

Source: Alpek estimates

(1) 1Q19 LTM

General

Financial Ratios and Other Indicators

20

Net Debt / EBITDA (Times) Interest coverage(1) (Times)

EBITDA / Ton (US$) CAPEX and Acquisitions (US$M)

1.6

2.5

1.72.2

2016 2017 2018 20192

3.3

2.2

2.7

Ex-M&G

7.0

4.8

7.86.9

201922016

9.9

2017 2018

6.2

8.8

Ex-M&G

170

192 179

201922016 2017 2018

124

242229

Ex-M&G

345

236

125 154

435 435

266 250

2016 201922017 2018

839826

Suape/Citepe

Source: Alpek estimates

(1) Interest coverage= EBITDA / Net financial expenses

(2) 1Q19 LTM

Ex-Business

Combination

Ex-Business

Combination

Ex-Business

Combination

CC Polymers

General

Alpek Consolidated Debt Profile - March 2019

• Net Debt: U.S. $2,200 million / Gross Debt1: U.S. $2,430 million

• Available Committed Credit Lines: U.S. $638 million (Total: U.S. $1.210 billion)

• 99% of our debt is denominated in US dollars2

21

230

666

171

385

715

300

Cash 2019 20212020 20232022

(1) Excludes leases / documents

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

(US

$ M

illio

n)

General

Dividends paid to shareholders

22

(US

$ M

illio

n)

100114

95111

143

143

143

20162013 20152014(1) 20182017 2019

286

(1) Paid in December 2013

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

(%) 1Q19 vs.

1Q19 4Q18 1Q18 4Q18 1Q18

Total Volume (ktons) 1,087 1,061 1,016 2 7

Polyester 857 851 787 1 9

Plastics & Chemicals 230 210 229 9 -

Consolidated Revenues 1,642 1,758 1,532 (7) 7

Polyester 1,239 1,295 1,109 (4) 12

Plastics & Chemicals 376 400 423 (6) (11)

Consolidated EBITDA 140 369 181 (62) (23)

Polyester 80 316 111 (75) (28)

Plastics & Chemicals 54 52 69 5 (22)

Profit Attributable to Controlling Interest 27 393 82 (93) (67)

CAPEX and Acquisitions 69 262 56 (74) 23

Net Debt 2,200 1,832 1,270 20 73

Net Debt/LTM EBITDA(1) 2.2 1.7 3.1

Interest Coverage(1) 8.8 9.9 4.8

General

Latest Quarter Results

25

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

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

1,038 1,012 975 1,016

1,151 1,1741,061 1,087

1Q2Q 3Q 4Q

8.8%Ch.% 7.0%10.9% 16.0%

1,306 1,312 1,3211,532

1,7591,941

1,7581,642

3Q2Q 4Q 1Q

33.1%Ch.% 7.2%34.8% 48.0%

162.8%Ch.% -22.8%191.1% 8,358.8% 1,399.1%Ch.% -67.3%473.8% 120.0%

82

3

141

181

239274

369

140

1Q2Q 4Q3Q

25

-400

-30

82142

80

393

27

1Q3Q2Q 4Q

2018 2019Source: Alpek

M&G

Business

Comb.

Business

Comb.

M&G Recovery

220 220

136

2017

General

Latest Quarter Results

26

Alpek: Cash Flow

Alpek: Net Income

Source: Alpek

(%) 1Q19 vs.

1Q19 4Q18 1Q18 4Q18 1Q18

EBITDA 140 369 181 (62) (23)

Net Working Capital & Others (24) (45) (85) 47 72

Capital Expenditures & Acq. (69) (262) (56) 74 (23)

Financial Expenses (31) (28) (22) (11) (40)

Income tax (30) (17) (7) (82) (308)

Dividends (179) (24) - (641) (100)

Other Sources / Uses (176) (221) (18) 21 (892)

Decrease (Increase) in Net Debt (369) (228) (7) (61) (4,957)

(%) 1Q19 vs.

1Q19 4Q18 1Q18 4Q18 1Q18

Consolidated Net Income 40 402 103 (90) (61)

Non-Controlling Interest 13 10 21 31 (38)

Controlling Interest 27 393 82 (93) (67)

Earnings per Share (U.S. Dollars) 0.01 0.19 0.04 (93) (67)

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

General

EBITDA: 2018 vs 2019G

27

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

2018 Business

Comb.

OthersInventory

& others

P&Ch2018

Comp.

Polyester 2019

Comp.

Cogen.

Sale

2019G

718

804

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

General

EBITDA: 2018 vs 2017

28

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

P&Ch

35

PolyesterInventory

& others

M&G A/R

Provision

2017 2017

Comp.

2018

Comp.

Business

Comb.

Inventory

& others

2018

General

2018 / 2017 Net Income includes extraordinary items

29

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

30

Reported EBITDA 2015 2016 2017 2018 2019G 1Q19 1Q18

Polyester 344 349 147 788 723 80 111

Plastics & Chemicals 284 322 237 276 191 54 69

TOTAL 630 669 384 1,063 9181 140 181

Comparable EBITDA 2015 2016 2017 2018 2019G 1Q19 1Q18

Polyester 378 331 234 529 523 84 102

Plastics & Chemicals 273 308 229 275 191 58 69

TOTAL 654 637 462 804 7181 148 170

Adjustments* 2015 2016 2017 2018 2019G 1Q19 1Q18

Polyester (35) 18 (87) 258 200 (4) 10

Plastics & Chemicals 11 14 8 1 - (4) 1

TOTAL (24) 32 (79) 259 200 (8) 10

*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 footprint amounts to 7.1 M tons 26 production facilities and ~5,800 employees across 6 countries

31

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

32

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

33

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

34

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

35

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

36

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

Indorama

Alpek (Cash)

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

37

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 acquired a PET recycling plant from Perpetual Recycling Solutions

38

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

39

Alpek: EPS Capacity (Kta)Expandable Polystyrene (EPS)

The Americas’ installed EPS capacity 2018Total: ̴ 690 ktons

165

230

325

65

20

75

Altamira

Expansion

(Mexico)

20152014 Acquisition

from BASF

(MX/US/SA)

Concon

Plant

(Chile)

2018

47%

13%

12%

7%

21%

Alpek

(Styropek)

Others

Flint Hills

Nova

Nexkemia

General

PET’s Environmental Advantage

40Source: Ellen MacArthur Foundation (“The New Plastics Economy”), Life Cycle Inventory of Three Single-Serving Soft Drinks Containers (PET Resin Association), PCI WoodMackenzie, SBA-CCI

3.7

5.4

9.0

GlassAluminiumPET

Lowest carbon footprint among

beverage packaging materials(MMBTU / 1000 Bottles)

Highest recycling rate

among all plasticsGlobal Recycling Rate (%)

Stable demand despite

environmental pressureNA PET Demand (MTA)

20132012 20152014 2016 2017 2018

3.8 3.8

4.6

4.04.2

4.5 4.7+3%55.0

14.0

PET Other Plastics

More

lightweight

& resistant

General

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

41

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)

42

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

43

EBITDA 2019 LTM

US$ 5,304 Million

Revenues 2019 LTM

US$ 756 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

44

General Information

EBITDA 2019 LTM

US$ 1,666 Million

Revenues 2019 LTM

US$ 261 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

45

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

46

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

47

1) 1.02 ton Propylene per ton PP

Propylene

Refinery

PDH1

Polypropylene

1

Source: Alpek

(1) Propane dehydrogenation

Cracker

General

EPS & CPL Chain

48

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 per 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

49

+ +

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

50

Sales Volume 1986-2018

(Index: 1986=100)

´88 ´93 ´98 ´03 ´08 ´13 ´18´19e

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

Perpetual

Acquisition

In USA

General

The Americas PTA / PET capacity breakdown

51

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

52

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

53

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)

54

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

8.99.4 9.6 9.4

Jun Jul Aug JanSep NovOct Dec Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

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 Crude Oil

100

20

40

80

60

120

Dls/Bbl

99 $/bbl

53 $/bbl

2014 2015 2016 2017

44 $/bbl

Guidance 2019

($68/bbl)

2019

54 $/bbl

2018

71 $/bbl

General

Propylene and Styrene Prices

56

North America Propylene Contract Price (cpp) North America Styrene Spot Price (cpp)

3133

3836

47

41 42

49

59

53

47 46

51

59 5961 60 60

50

4240

3936

3Q 4Q M3Q4Q1Q D2Q 1Q 2Q J F NA M J J A S O J F M

2016 2017 2018

4246

44

49

65

48

55 54

60

7268

59 59 5956

60 5856

4442 41

4548

M M1Q 4Q2Q 3Q 4Q 3Q J2Q1Q OMF JA J SA N D J F

2016 2017 20192019 2018

General

Paraxylene (Px) Price

57

PX USA Contract Price (US$ / Ton)

1,7081,635

1,543

1,014 992

838920

871926

995898

981 1,0031,069

1,119

1,444

1,1461,213

20132011 1Q2012 2014 2015 3Q2Q 4Q 1Q 2Q 1Q3Q 4Q 1Q 4Q2Q 3Q

2016 2017 2018 2019

General

PET Margin (Asia)

58

Margin: Asia PET to Px/MEG (US$ / Ton)

PTA

PET

201

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

133 135 118 110

2011 2Q2015 1Q3Q2012 1Q2014 4Q 1Q

263

212

2Q

210

3Q 4Q 2Q2013 4Q 1Q

394

258270

230210

260240

342

276 284

478

377

333 323

3Q

China

250

Source: ICIS, PCI, CCFGroup, Alpek

2016 2017 2018 2019

General

Polypropylene Margin (USA)

59

Margin: Polypropylene to Propylene (PGP) (cpp)

2016 2017 2018

1011 11 11

18

30

28

23

18 18 18

20 20 20

22

20

2224

20142011 2Q20152012 2013 1Q 3Q 1Q4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

2019

General

Caprolactam Margin

60

2,100

1,240

1,069

840 862

630684 699

897

1,216

839934

1,141 1,1371,231 1,272

1,1881,281

2015 1Q2011 2012 2013 3Q2014 1Q 2Q 4Q 2Q 3Q 4Q 2Q1Q 3Q 4Q 1Q

2016 2017 2018

Margin: Asia CPL to NA Benzene (Contract) (US$ /Ton)

2019

General

Stock Highlights (BMV: ALPEK)

61

Daily Average Traded Shares & Value (M Shares)Daily Stock Price (MXN)

5

1

0

2

3

4

0123456

N MA S OJ MF M J J A D J F

2019

30

20

25

35

Jan May Sep AbrJan

Shares

Value ($)

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

20182018

Valuation 4Q15 4Q16 4Q17 4Q17 Proforma

4Q18 4Q18 Proforma

1Q19 1Q19 Proforma

Market Cap. (U.S.$ B) 3,113 2,193 2,951 2,951 2,912 2,912 2,865 2,865

Net Debt (U.S.$ M) 722 1,042 1,262 1,262 1,832 1,832 2,200 2,200

EBITDA LTM (U.S.$ M) 630 669 384 497 1,063 843 1,022 802

Enterprise Value / EBITDA 6.5 5.2 11.6 9.0 4.7 5.9 5.2 6.6

Price / Earnings 13.3 8.0 N/A 13.8 3.8 7.1 4.1 8.3

Price per Share (MXN) 25.98 21.10 26.50 26.50 27.30 27.30 26.00 26.00

Exchange Rate (MXN/USD) 17.67 20.35 19.00 19.00 19.83 19.83 19.22 19.22

2019