General

Corporate Presentation

1Q18

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.

23.0

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 Mar 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$ 5.5 Billion

EBITDA1: US$ 407 Million (US$ 520 Million ex- M&G A/R impairment)

Alpek Polyester2

PTA / PET Polyester Fibers

Polyester (72% of sales) Plastics & Chemicals (28% 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 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%

9

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

(2) In the Americas, including recent EPS acquisition

Alpek: Industry Position

Industry Position Comments

PTA #1 in North America • 41% est. installed capacity share in North America

PET#1 in North America

#2 Worldwide• 42% est. installed capacity share in North America

Fibers #2 in North America1 • 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

• 46% est. installed capacity share2

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

Po

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Ch

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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 2018

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

Total ~ $580 ~$160

US $537 M invested up to Mar-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

PTA 640 ktons

2018 Brazil US $435 MPET 450 Ktons

Fibers 90 ktons

13

General

Guidance 2018

4,1354,0123,9383,9373,931

20152014 20172016

+3%

2018G

Sales Volume Revenues

EBITDA CAPEX

Source: Alpek estimates

569

669630

434384

2015

+48%

2017 2018G2014 2016

167

345317320

236

-29%

2014 2018G2015 2016 2017

(Kto

ns

)

(US

$ M

illio

n)

(US

$ M

illio

n)

(US

$ M

illio

n)

5,4134,838

5,284

6,471

5,231

2014 2018G201720162015

+3%

% Sales 6.7% 7.3%11.9% 13.8% 10.5%

14

General

EBITDA: 2017 vs 2018 Guidance

22569

99

113384

2017 2018G

5

M&G A/R

Provision

Inv. Gain

(2017)

P&ChPolyester

Alpek: EBITDA(M dls)

US$M 2017 2018G

Polyester 246 346

Plastics & Chemicals 229 224

Comparable 475 569

Inventory gain 22 -

M&G A/R Provision (113) -

Reported 384 569

15

General

EBITDA: 1Q18 vs 1Q18 Guidance

1014

18

139

1Q18

181

Inv. Gain

& Others

1Q18G P&ChPolyester

+42

Alpek: EBITDA(M dls)

US$M 1Q18 1Q18G

Polyester 102 84

Plastics & Chemicals 69 55

Comparable 170 139

Inventory Gain & Others1 10 -

Reported 181 139

(1) Inventory gain +16 M dls, Legal fees -5 M dls16

General

Relevant events – Progress and status (1Q18)

● 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 in 1Q18 (supported by Alpek)

▪ M&G Brazil to be acquired by Indorama

● Sale of Cosoleacaque and Altamira power cogeneration plants▪ Ongoing process to finalize cogeneration power plants sale in Mexico

▪ Longer-than-expected implementation of regulatory changes in power tariffs weighed on timing

● Petroquímica Suape and Citepe (PQS) acquisition in Brazil▪ Completed April 30, 2018

▪ Purchase price: US$435 million

● PET antidumping cases in U.S.A. and Canada▪ USA: affirmative preliminary determinations; duties range from 8% to 227%

▪ Canada: negative C.I.T.T. ruling appealed in 2Q18

17

General

Index

• Business Overview

• Consolidated Financials

• Appendix

18

General

Sales Volume and Revenues

+1%

4,041

78%

22%

2017

4,012

77%

20181

23%

2016

3,938

24%

76%

3,937

77%

23%

2015

Sales Volume Revenues

28%

2017 20181

+5%

5,470

72%

2016

71% 71%

5,231

27% 29%29%

73%

4,838

2015

5,284

(Kta

)

(US

$ M

illi

on

)

Polyester Plastics & Chemicals

(1) March 2018 LTM

Source: Alpek estimates 19

General

Income Statement Accounts

532481

20172015 2016 20181

Operating Income (Loss) EBITDA

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

Source: Alpek estimates

(1) March 2018 LTM

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

114

133116

93

9595

20181

209188

20162015 2017

198175

-167

20181201720162015

(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% -5.9%3.3%% Sales

669630

201812016 20172015

7.3%13.8%11.9%

-3.1%

7.4%

497

384

162

Ex-M&G360Ex-M&G

Ex-M&G

Ex-M&G

-188

-319

-168

380

407

520

157

Reported

Reported

Reported

Reported-324

20

General

Balance Sheet Accounts

595

497

694632

201720162015 20182

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) March 2018

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

2,1082,1051,955

1,820

201720162015 20182

1,2701,262

1,042

722

2015 20172016 20182

1,7251,604

2,0192,005

20182201720162015

(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

Source: Alpek estimates

(1) Interest coverage= EBITDA / Net financial expenses

(2) LTM March 2018

4.8

7.0

10.7

4.8

6.2 6.1

201822015 20172016

2.4

1.6

1.1 2.5

20182

3.1

2017

3.3

20162015

216236

345317

2018220172015 2016

(Tim

es

)

(Tim

es

)

(US

$ M

illio

n)

170160

129

20172016 201822015

124

EBITDA / Ton

(US

$ / T

on

)

Ex-M&G

10196

Reported

Ex-M&G

Reported

Ex-M&G

Reported

22

General

Alpek Consolidated Debt Profile - March 31, 2018

● Net Debt: U.S. $1,270 million / Gross Debt: U.S. $1,709 million

● Available Committed Credit Lines: U.S. $899 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

300

715

135

202

12

331

440

20212019 202320202018 2022Cash

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

Operating & Financial Highlights (1Q18)

Alpek

• 1Q18 Consolidated EBITDA of U.S. $181 million, including a U.S. $16 million

non-cash inventory gain and U.S. $5 million non-recurring legal fees/expenses

• Process to finalize cogeneration power plant sale in Mexico is ongoing

• Signed 3-year credit of up to U.S. $710 million with 18-month availability period

Polyester

• JV among Alpek, Indorama and Far Eastern to acquire Corpus Christi project

from M&G USA

• Normalized M&G Mexico operations in 1Q18

• Engaged in the confirmation of final conditions required to close

PetroquímicaSuape and Citepe acquisition

Plastics &

Chemicals

(P&C)

• 1Q18 P&C EBITDA of U.S. $69 million, including a U.S. $1 million non-cash

inventory gain

• P&C results benefited from a spike in polypropylene (PP) reference prices

amid tight supply caused mainly by U.S. propylene plant outages and startup

delays

26

General

Latest Quarter Results

Source: Alpek

(1) Times: Last 12 months.

Alpek: Selected Financial Information

(%) 1Q18 vs.

1Q18 4Q17 1Q17 4Q17 1Q17

Total Volume (ktons) 1,016 975 986 4 3

Polyester 787 752 759 5 4

Plastics & Chemicals 229 224 227 3 1

Consolidated Revenues 1,532 1,321 1,293 16 19

Polyester 1,109 933 916 19 21

Plastics & Chemicals 423 388 376 9 12

Consolidated EBITDA 181 141 158 29 15

Polyester 111 77 87 44 27

Plastics & Chemicals 69 64 70 9 (2)

Profit Attributable to Controlling Interest 82 (30) 87 372 (5)CAPEX and Acquisitions 56 30 76 87 (26)

Net Debt 1,270 1,262 1,175 1 8

Net Debt/LTM EBITDA(1) 3.1 3.3 1.8

Interest Coverage(1) 4.8 4.8 10.0

27

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)

970998981986 9751,0121,0381,016

4Q1Q 2Q 3Q

133

157

208

158141

3

82

181

4Q1Q 3Q2Q

1,1831,2361,2371,293 1,3211,3121,306

1,532

1Q 4Q3Q2Q

285048

87

-30

-400

25

82

3Q1Q 4Q2Q

1.4% 6.1%

-97.9% -902.8%

Ch.% Ch.%

Ch.% Ch.%

0.5% 11.7%

5.5% -209.4%

3.0% 18.5%

14.5% -5.4%

(US

$ M

illio

n)

5.8% 5.5%

-60.5% -48.5%

2017 2018 ex-M&G

3

116

201628

General

Latest Quarter Results

Source: Alpek

Alpek: Net Income

Alpek: Cash Flow

(%) 1Q18 vs.

1Q18 4Q17 1Q17 4Q17 1Q17

EBITDA 181 141 158 29 15

Net Working Capital & Others (85) (37) (64) (127) (31)

Capital Expenditures & Acq. (56) (30) (76) (87) 26

Financial Expenses (22) (22) (16) (1) (39)

Income tax (7) (9) (27) 20 72

Dividends - (7) (88) 100 100

Payment affiliated companies - - - - -

Other Sources / Uses (18) (105) (20) 83 12

Decrease (Increase) in Net Debt (7) (70) (134) 90 95

(%) 1Q18 vs.

1Q18 4Q17 1Q17 4Q17 1Q17

Consolidated Net Income 103 (20) 106 613 (3)

Non-Controlling Interest 21 10 19 103 9

Controlling Interest 82 (30) 87 372 (5)

Earnings per Share (U.S. Dollars) 0.04 (0.01) 0.04 372 (5)

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

29

General

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

Reported EBITDA 2015 2016 2017 2018G 1Q17 1Q18 1Q18G

Polyester 344 349 147 346 87 111 84

Plastics & Chemicals 284 322 237 224 70 69 55

TOTAL 630 669 384 569 158 181 139

Comparable EBITDA 2015 2016 2017 2018G 1Q17 1Q18 1Q18G

Polyester 378 331 234 346 69 102 84

Plastics & Chemicals 273 308 229 224 63 69 55

TOTAL 654 637 462 569 131 170 139

Adjustments* 2015 2016 2017 2018G 1Q17 1Q18 1Q18G

Polyester 35 (18) 87 - (19) (10) -

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

TOTAL 24 (32) 79 - (26) (10)1 -

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

(1) Inventory gain +16 M dls, Legal fees -5 M dls30

General

EBITDA vs. Guidance (2017)

US$M 2017 2017G

Polyester 246 304

Plastics & Chemicals 229 198

Comparable 475 502

Inventory gain 22 -

M&G A/R Impairment (113) -

Reported 384 502

Alpek EBITDA vs Guidance

2232921

32 384389

113

502

Secondary

feedstocks

(IPA)

2017OthersM&G PP

US -$5 M

Inv. GainM&G A/R

Impairment2017G 2017

Ex-M&G

31

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

32

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)

33

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

34

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)

35

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.

36

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

37

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

• 3Q18E: Final determinations

Antidumping

Brazil 24 – 227 %

Indonesia 13 %

South Korea 9 – 101 %

Pakistan 8 %

Taiwan 9 – 12 %

Preliminary Rates

38

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

39

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$ 3,917 Million

Revenues 2018 LTM

US$ 171 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

40

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$ 1,553 Million

Revenues 2018 LTM

US$ 236 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 41

General

Alpek is managed by an experienced team focused

on delivering value to shareholders

Source: Alpek

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Name PositionYears with

Alpek / Alfa

José de Jesús Valdez Simancas CEO 42

Vacant CFO

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

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las

tic

s&

Ch

em

ica

ls

42

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

VacantCFO

José de Jesús ValdezCEO

José Luis Zepeda

President, EPS and Chemicals

Gustavo Talancón

President, CPL and Ammonium

Sulfate

43

General

Polypropylene Chain

Source: Alpek

Propylene

Refinery

Cracker

Polypropylene

44

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

45

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

46

General

85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17

Fuente: Alpek

PTA/PET acquisitions

(USA)

CabelmaPET

Coso Cogen

Acquisition of

Univex

(Caprolactam)

Clear Path

Recycling

Cogeneration

project

Acquisition of PTA

plant

Polypropylene plant

start-up

Propylene

splitter

installation

Acquisition of

polyester business

(USA)

Acquisition of Argentina

and Mexico PET plants

EPS expansion in

Altamira

IPO (BMV)

DMT

Expansion EPS

Expansion

Polypropylene

expansion

EPS

acquisition

Selenis/ Concon

Acquisition

Sales Volume 1986-2017(Index: 1986=100)

Alpek has grown at a 7.4% annualized rate since

1986 through M&A, JVs and organic projects

47

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)

PTA – Installed Capacity(1)

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 48

General

North America PTA / PET capacity breakdown

Ktons USA Mexico Canada Total

Alpek 640 1,610 - 2,250

Indorama 1,050 - 600 1,650

BP 1,400 - - 1,400

Eastman 250 - - 250

Total 3,340 1,610 600 5,550

Ktons USA Mexico Canada Total

Alpek 1,495 185 144 1,824

Indorama 812 480 - 1,292

M&G 560 - 560

Nan Ya 445 - - 445

FENC1 270 - - 270

Total 3,022 1,225 144 4,391

PTA PET

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

Source: PCI adjusted with Alpek’s official capacities

2017 Capacities, 2017 M&As

North America

2017 Installed Capacity

49

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

50

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

51

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

52

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

53

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 54

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.)

55

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

56

General

2018 average Brent price estimated at $57/bbl

Brent Crude Oil

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

120

80

60

20

40

100

Dls/Bbl

99 $/bbl

53 $/bbl

2014 2015 2016 2017

44 $/bbl

Guidance 2018

($57/bbl)

2018

54 $/bbl

57

General

1,003981898

995926

871920

838882

948

1,168

9701,014

1,543

1,6351,708

1,069

4Q’171Q’152011 2012 20142013 3Q’172Q’173Q’164Q’152Q’15 1Q’16 1Q’172Q’16 4Q’163Q’15 1Q’18

Px USA Contract Price

(US

$ / To

n)

Paraxylene (Px) Price

58

General

Propylene and Styrene Prices

North America Propylene Contract Price North America Styrene Spot Price

47

53

59

50494847

40393939

46

52

48

42

3638

333131

33

42

50

3Q 4Q1Q J4Q3Q2Q1Q 2Q N DJMAM OAF SJ F MJ

2015 2016 2017 2018

6872

6057

5352

60

55

5048

46

50

63

74

59

49

4446

4239

48

59

44

JF1Q J2Q M4Q4Q3Q 3Q1Q 2Q JMA OSA NJ D F M

2015 2016 2017 2018

(c / lb

)

(c / lb

)

59

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

289

237222

214200

284

12

258

1Q

394

11

342

2Q

270

3Q

210

1Q

260

1513 4Q

240

212

263

210230

3Q 4Q

276

1Q 2Q14

China

250

2018

232

Source: ICIS, PCI, CCFGroup, Alpek

60

General

Polypropylene Margin (USA)

Margin: Polypropylene to Propylene (PGP)

202020

181818

23

28

30

26

20

15

1111

111110

1Q 2Q 3Q 4Q 1Q20142013 1Q2012 3Q2Q 2Q 4Q3Q1Q4Q2011

(c / lb

)

2015 2016 2017 2018

61

General

1,0631,108

933

819

1,192

781

637647584

641704

985986

797

1,013

1,181

2,108

20142013 1Q2011 2Q2012 2Q1Q1Q3Q 3Q2Q 4Q4Q 1Q4Q3Q

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

1Q18 1Q18 Proforma

2018G

Market Cap. (U.S.$ B) 3,113 2,193 2,951 2,951 2,883 2,883 2,859

Net Debt (U.S.$ M) 722 1,042 1,262 1,262 1,270 1,270 1,167

EBITDA LTM (U.S.$ M) 630 669 384 497 407 520 569

Enterprise Value / EBITDA 6.5 5.2 11.6 9.0 10.9 8.5 7.5

Price / Earnings 13.3 8.0 N/A 13.8 N/A 13.6 10.9

Price per Share (MXN) 25.98 21.10 26.50 26.50 25.55 25.55 26.0

Exchange Rate (MXN/USD) 17.67 20.35 19.00 19.00 18.76 18.76 19.25

6

2

0

3

1

4

2

0

1

5

6

5

4

3

OSA NJM JDJAS MD FO JNAJ MF

Daily Average Traded Shares & Value

2016

Daily Stock Price

(Pe

so

s)

35

15

25

40

30

20

DecSepDecSep JunJun Mar Mar

2016

Shares

Value ($)

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

20172017 2018

63