#1Calpek THIRD QUARTER 2021 CORPORATE PRESENTATION#2INDEX ALPEK AT A GLANCE KEY INVESTMENT HIGHLIGHTS RECENT FINANCIAL RESULTS ESG AT A GLANCE RELEVANT EVENTS THE CASE FOR PET APPENDIX 2#3ALPEK IS A LARGE COMPONENT OF ALFA'S PORTFOLIO OF COMPANIES Alfa posted US$12.3B in Revenues & US$1.5B in EBITDA¹ alpek Petrochemicals EBITDA¹ (% Alfa) 37% Sigma Food Products 45% axtel IT + Telecom 20% SAN RAFAEL FUD Campofrio Yoplait Aoste CHIMEX La Villifa Fiorucci BAR S Justin Bridou NAVIDUL #1 Producer of PTA, PET, PET, EPS & ARCELⓇ in the Americas 11 Sigma brands sell more than US$100M a year each 8 out of 10 Mexican Corporates use Axtel's IT and Telecom services 18% ALPEK 82% 100 % 19% 53% AXTEL 28% Alfa Publicly traded Other Privately Held 3 (1) Nemak has discontinued operations. Figures as of December 31, 2020 Source: Alpek#4ALPEK IS ONE OF THE LARGEST PETCHEMS IN THE AMERICAS Strong portfolio of resilient products across two main segments '20 Revenues¹: US$5.3B '20 Comparable EBITDA1: US$601M Dec. '20 Net Debt / Reported EBITDA1: 2.1x Plastics & Chemicals (22% Sales)² Polyester Fibers Polypropylene (PP) Expandable Styrenics (EPS & ARCEL®) Caprolactam (CPL) Specialty Chemicals & Fertilizers Polyester (75% Sales)² PTA, PET & rPET (1) Figures for the year ended December 31, 2020; (2) Sales revenue for the year ended December 31, 2020; additional 3% represented by other small business Source: Alpek 4#5OUR FOOTPRINT NOW SPANS 32 PLANTS ACROSS 7 COUNTRIES Over 8.2 million tons and more than 6,300 employees worldwide Installed capacity breakdown (Kta) rPET Site PTA PET Flake Pellet SPT Fibers PP EPS Arcel CPL Other 160 1,000 640 240 85 360 Country Mexico (3,395 Kta) Monterrey Altamira Salamanca Cosoleacaque 610 185 15 Lerma Fayetteville, NC 170 64 Charleston, SC 170 15 150 Columbia, SC 640 725 Bay St. Louis, MS 430 USA Richmond, IN 66 (2,829 Kta) Darlington, SC 31 Monaca, PA Painesville, OH Reading, PA Canada (144 Kta) Argentina (246 Kta) Brazil (1,226 Kta) Chile (28 Kta) United Kingdom Zárate Montreal Pacheco General Lagos Guaratingueta Ipojuca 640 450 Santiago Puerto Montt Punta Arenas Concon Wilton 123 36 45 115 49 144 190 22 15 19 46 90 20 (350 Kta) 100 521 350 2,890 2,814 268 95 31 400 640 493 36 85 468 Total Capacity: 8,220 Kta Note: rPET flake capacity modified in 2Q21 to reflect inputs/totals may reflect rounding. Kta: Thousand tons per year Source: Alpek estimates ● Polyester • P&C 5#6INDEX ALPEK AT A GLANCE KEY INVESTMENT HIGHLIGHTS RECENT FINANCIAL RESULTS ESG AT A GLANCE RELEVANT EVENTS THE CASE FOR PET APPENDIX 6#7INVESTMENT HIGHLIGHTS 1 Market leadership positions across all our products in the Americas 2 Consumer-oriented product portfolio reduces exposure to volatility 5 3 Proven track record of growth across all parts of the cycle 4 State-of-the-art technology resulting in low-cost position Clear strategy & catalysts executed by experienced management team 6 Strong ESG efforts have captured opportunities from Circular Economy#8ALPEK HOLDS LEADING INDUSTRY POSITIONS FOR ALL ITS PRODUCTS 1 Market Leadership Polyester Industry Position¹ by Product P&C Industry Position1 by Product PTA PET rPET The Americas 1333 PP The Americas Expandable Styrenics Worldwide 333 Mexico The Americas Worldwide The Americas CPL Mexico PSF2 2 The Americas (1) Industry position is based on installed capacity and reflects market position as of December 31, 2020. (2) Polyester Staple Fiber (excluding filaments) Source: PCI and Alpek estimates 8#91 Market Leadership ALPEK IS THE LARGEST PTA-PET PRODUCER IN AMERICAS Market has consolidated & become increasingly organized over time The Americas PTA Capacity Share (%) The Americas PET Capacity Share (%) 7,240 6,781 7% Others Kta 9% Others Kta 6,190 5,940 5,494 5,681 8% M&G 14% 19% BP 8% 11% FENC 16% 10% 24% 6% 23% 25% Indorama 27% 33% Indorama 24% 32% 27% 24% 46% 49% Calpek 42% 43% alpek 36% 34% 2015 2020 2025E1 (1) Includes CC Polymers Source: Alpek & Wood Mackenzie 2015 2020 2025E1#102 Consumer Oriented Portfolio RESILIENT END-MARKETS ACCOUNT FOR 92% OF VOLUME 97% of Alpek's sales are dollar based Volume by Industry 20201 Sales Geography 20201 EUR 6% Asia 0.4% 71% Construction 4% Textiles 4% 92% SA 22% Consumer Goods 25% Volume 2020 4,802 Kta Beverage Coca-Cola pepsi AQUAFINA G POWER ADE GATORADE Food & Beverage 67% MEX 29% Sample End Users by Industry Sales 2020 US$5,326 M USA/CAN 42% Food Personal Care Textiles Kraft Heinz P&G LISTERINE Hanes Nestle FRUIT LOOMB SKIPPY CLAIROL DAWN. Shawl (1) Volume and sales breakdown for data for the year ended December 31, 2020. Kta: Thousand tons per year Source: Alpek 10#113 Proven Growth ALPEK HAS CONTINUED GROWING AT 8.6% CAGR SINCE 1986 Constant growth at different points of the industry cycle Sales Volume 1986-2020 (Index: 1986 = 100) DMT Expansion alpek polyester Acquisition of first PTA plant unimor CPL plant acquisition Source: Alpek INDELPRO PP plant start-up (JV) '86 '93 lyondellbasell Calpek polyester First U.S. polyester plant acquisition O-BASF The Chenkal Oonary Styropek EPS capacity expansion (JV) alpek polyester U.S. PTA/ PET plant acquisitions ALPEK IPO (BMV) PQS Polyester acquisition in Brazil Calpek carbonLITE polyester rPET PET acquisition acquisition in UK -------- Corpus Christi Polymers (JV) First recycling plant (JV) First power cogeneration plant alpek polyester rPET Acquisition in USA Styrenics Acquisition in USA Styropek FE INDORAMA Perpetual Shaw '98 '03 '08 '13 '18 '20 '21'25 11#124 Low-Cost Position STATE-OF-THE-ART TECH, STRATEGICALLY LOCATED ASSETS & LOW- COST LOGISTICS YIELD LOW-COST POSITION IN INDUSTRY Continuous investment in own technology has improved Alpek's cost position (i.e. IntegRex) ✓ Steps eliminated with IntegRexⓇ ipta Integrex jpet integrex World scale production facilities make Alpek the low-cost producer in The Americas (i.e. PP) alpek Oxidation Feed prep Post-Oxidation Hydrogenation Crystallization Crystallization Filtration and Drying Filtration and Drying CTA Storage PTA Storage HIH Esterification Precursor Preheating Pre-Poly Crystallization Polymerization Pelletization Annealing Solid State Polymerization Precursor Storage PET Resin Source: Alpek, Philip Townsend Margin Cost 80% of Market Participants 12 122#135 Strategy & Mgmt. Team LONG-TERM STRATEGY IS BASED AROUND 3 KEY PILLARS STRENGTHEN CORE BUSINESS GROWTH CATALYSTS Global Cost Improvement Zero-Based Budgeting & process innovation (Mainly Operations, Logistics & SG&A) Value-added Products Shift to products with higher margins & barriers to entry (PET, Copolymers and others) FCF Generation Reductions to CAPEX & NWC / Recover M&G Mexico debt Footprint Optimization Ensure global production grows across optimal sites & logistic networks Foster Product Circularity Increase PET bottle recycling capacity to 300 thousand annual metric tons by 2025 and develop chemical recycling solutions & biodegradable alternatives for EPS & PP Opportunities from Reducing CO2 Emissions Reduce emissions by 27.5% by 2030 and reach carbon neutrality by 2050 through energy reduction projects, migrating energy contracts to renewables & developing offsetting projects (i.e. CO2 capture) GROWTH CATALYSTS CAPTURE ESG-RELATED OPPORTUNITIES STRATEGIC & FOCUSED GROWTH GROWTH CATALYSTS Value Chain Integration Grow capacity selectively & integrate into value chain (PX, EPS) Product Innovation New products & business lines (Natural Gas Commercialization, Biovento, PLA & others) Maximize Value from CCP Optimize project timing & minimize CAPEX#145 Strategy & Mgmt. Team MGMT. WITH 30+ YEARS AVERAGE EXPERIENCE IN PETCHEM Clear strategy & culture of empowerment ensure efficient operations José Carlos Pons CFO (25) José de Jesús Valdez CEO (45) Felipe Garza Co-President Alpek Polyester (44) Jorge Young Co-President Alpek Polyester (31) Polyester Gustavo Talancón President Polyester Filament (32) Alejandro Llovera President Polypropylene (36) José Luis Zepeda President EPS & Chemicals (35) Plastics & Chemicals Gustavo Talancón President CPL & Ammonium Sulfate (32) (#) Years with Alfa/Alpek Source: Alpek 14#15INDEX ALPEK AT A GLANCE KEY INVESTMENT HIGHLIGHTS RECENT FINANCIAL RESULTS ESG AT A GLANCE RELEVANT EVENTS THE CASE FOR PET APPENDIX 15#16RECENT FINANCIAL RESULTS Sales Volume (KTon) P&C Polyester Revenues (US$M) 4,802 6,991 4,402 4,384 4,012 6,216 3,554 3,627 5,231 5,326 5,545 Others P&C 3,933 2017 2018 2019 2020 YTD20 YTD21 Reported EBITDA (US$M) Polyester 2017 2018 2019 2020 YTD20 YTD21 CAPEX (US$M) Comparable 462- excl. CF 1,063 220 850 800- 789 188 565 662 - 601 35 450 843 662 530 384 826 Suape/ Citepe & CCP 876 270 236 195 162 364 Nova 65 CarbonLITE 2017 2018 2019 2020 YTD20 YTD21 2017 2018 2019 2020 YTD20 YTD21 % Sales 7.3% 15.2% 13.7% 10.6% 9.2% 15.8% 16#17FREE CASH FLOW GENERATION US$M 1,247 279 245 26 26 FCF:US-$27M 3 32 32 20 20 50 30 1,323 Net Debt Jun'21 EBITDA NWC Financial Expenses Taxes CAPEX Dividends Others Net Debt Sep'21#18NET DEBT & LEVERAGE Net Debt (US$M) 1,323 1,235 1,219 1,247 1,185 LTM EBITDA (US$M) 813 733 657 623 601 Net Debt/EBITDA (Times) 2.0 2.0 1.9 1.7 1.6 1,077 2.1 977 1.7 1.6 778 719 1.3 1.2 565 3Q20 4Q20 1Q21 2Q21 3Q21 3Q20 4Q20 1Q21 2Q21 3Q21 3Q20 4Q20 1Q21 2Q21 3Q21 Comp. EBITDA Net Debt/ Comp. EBITDA#19BALANCE SHEET ACCOUNTS Net Working Capital¹ (US$M) 951 497 774 608 976 Property, Plant and Equipment (US$M) 2,390 2,105 1,968 1,934 1,993 NWC Days 44 43 53 44 38 2017 2018 2019 2020 YTD21 2017 2018 2019 2020 YTD21 1,262 IFRS 2017 Net Debt² (US$M) Stockholders' Equity (US$M) 1,832 2,391 2,193 1,330 1,323 1,185 1,604 IFRS 16 2018 2019 2020 YTD21 2,281 2,533 2017 2018 2019 2020 YTD21 (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 19 19#20DEBT PROFILE 100% of Debt denominated in USD1 / Debt average life @ 6.8 years¹ Net Debt: US$1,323M Gross Debt: US$1,713M US$M 900 Cash 800 Bonds Bank Debt 700 600 500 390 400 300 200 100 0 Cash (1) Excludes leases, documents and accrued interests Consolidated Debt Profile¹ (Sep. 2021) 300 Coupon 5.375% Available Comm. Credit Lines US$630M 600 Coupon 3.250% 500 Coupon 4.250% Coupon 4.500% 2 104' 30 9 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 (2) Includes US$94M Bond and US$10M Short-term Bank Debt 20 20#21DIVIDENDS 165 160 155 114 100 95 95 Alpek Dividends (US$M) 225 206 176 178 171 143 143 143 Total Dividend 128 111 Shareholders 9.6 5.1 Dividend Yield (%) 5.9 53 5.6 3.0 3.4 3.4 2.1 2013 20141 2015 2016 2017 2018 2019 20202 2021 (1) Paid in December 2013 (2) Showing US$143M Dividend in 2020 (Compensated lack of dividend in 2018) 21 21#22RESULTS BY QUARTER Source: Alpek Sales Volume (KTon) Revenues (US$M) 1,248 1,184 1,230 1,201 1,260 1,195 1,059 1,109 -5% 1,614 1,407 1,392 1,433 1,175 1,849 1,325 2,082 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Reported EBITDA (US$M) 356 Cogen 188 Sale 234 Lotte Bus. 225 201 203 173 Comb. -35 147 324 149 273 279 179 168 166 111 74 4Q 1Q 2Q 3Q Majority Net Income (US$M) 209 121 124 99 6 111 65 -19 4Q 1Q 2Q 3Q 2019 2020 2021 Comparable EBITDA 22 22#23EBITDA BREAKDOWN 234 225 3Q21 EBITDA (US$M) +4% 234 2 124 154 იო 120 56 102 107 95 21 24 279 2 222 22 138 P&C 138 Polyester 3Q20 Comparable EBITDA 2Q21 Comparable EBITDA 3Q21 Comparable EBITDA Carry-forward Effect Inventory Adjustment Others 3Q21 Reported EBITDA#24BREAKDOWN OF EXTRAORDINARY EFFECTS 2021 M dls 19 2Q 3Q YTD 10 2020 Delta 20 2Q 3Q YTD 10 20 3Q YTD Reported EBITDA 324 273 279 876 111 74 179 364 214 199 100 513 Inventory Adjustment (63) (18) (22) (103) 17 42 22 (16) 43 (80) (60) (7) (147) Carry-forward effect (58) (29) (21) (109) 20 39 (6) 62 52 (78) (68) (15) (161) ○ (1) (1) (2) о (6) (3) (9) Comparable EBITDA 203 225 234 662 147 149 154 450 Others о 5 2 7 56 56 76 80 212#25INDEX ALPEK AT A GLANCE KEY INVESTMENT HIGHLIGHTS RECENT FINANCIAL RESULTS ESG AT A GLANCE RELEVANT EVENTS THE CASE FOR PET APPENDIX 25 25#26PROJECT EVERGREEN | ESG MODEL • LEAD WITH EMPATHY EMBRACE CHANGE OCCUPATIONAL SAFETY DIVERSITY, EQUITY & INCLUSION (DEI) • COMMUNITY • • . INNOVATION ACTIVE ESG RISK MANAGEMENT SUSTAINABLE CORPORATE GOVERNANCE GROW RESPONSIBLY • CIRCULARITY . CYBERSECURITY • POLLUTION • RELATIONSHIP WITH CUSTOMERS & SUPPLIERS MAXIMIZE RESOURCE EFFICIENCY ⚫ CARBON EMISSIONS & ECO-EFFICIENCY • WATER MANAGEMENT ENGAGEMENT We empower our people to create value for our company and communities We actively monitor our changing environment and find new ways to tackle emerging problems We rely increasingly on sustainable business practices across our entire value chain to create value for our shareholders We strive to minimize any adverse effects from our products and processes#27PROJECT EVERGREEN | MAIN TARGETS & ACTION PLAN A. CIRCULARITY WHY IT MATTERS Our planet's resources are finite. Improperly disposed goods end up in oceans and landfills. It is our responsibility to make sure our products are fully integrated into the circular economy. B. CARBON EMISSIONS + ECO-EFFICIENCY WHY IT MATTERS Increased energy consumption and reliance on fossil-based fuels have resulted in a global warming effect. We share in the responsibility to help limit temperature increases by 2030. C. OCCUPATIONAL SAFETY WHY IT MATTERS Our people are our most important asset. Ensuring their safety and well-being will always be our first priority. OUR TARGET PET: "Alpek plans to increase its PET bottle recycling capacity to 300 thousand annual metric tons by 2025 to meet its customers' recycled content needs." PP: "Alpek will leverage its partnerships to develop chemical recycling solutions for Polypropylene and increase its share of Copolymers, employed in long-term usage applications." EPS: "Alpek will focus on long-term usage applications for EPS, develop biodegradable alternatives for the F&B market, and work on making chemical recycling viable." • . WHAT WE'RE DOING Continue growing post-industrial (EPS/PP) and post-consumer (PET) waste recycling capacities Evaluate technology for chemical recycling & biodegradability (All) • • • OUR TARGET "Alpek is committed to The Paris Agreement. We are targeting an SBT-certified Scope 1 and 2 emissions reduction of 27.5% by 2030 (2019 base), reaching carbon neutrality by 2050, and will begin measuring our Scope 3 emissions." WHAT WE'RE DOING Migrate energy contracts to renewables Find more CO2 reduction projects at BUs Evaluate CO2 offsetting technologies Include CO2 shadow pricing in valuation Request Suppliers' Scope 3 emissions • OUR TARGET "Alpek plans to reach a Total Recordable Incident Rate (TRIR) for its employees and contractors in the top decile of its industry, though its goal remains to achieve zero accidents every single day." WHAT WE'RE DOING Increase reporting of incidents & near-misses at C-Suite level Seek safety improvement projects via internal teams, expert audits or new technologies#28PROJECT EVERGREEN | ADDITIONAL TARGETS WATER MANAGEMENT "Alpek is closely monitoring its water consumption intensities, particularly in water- stressed areas, and carrying out opportunities to reduce them." POLLUTION "Alpek is committed to enforcing and exceeding all regulatory requirements on pollution. We are constantly looking for new ways to reduce post- industrial waste, wastewater discharge, and air pollutants from our products and processes." INNOVATION "Alpek's innovation efforts will be focused on improving its current products and processes, while discovering more environmentally friendly alternatives for both." CYBERSECURITY "Alpek is committed to securing its information and guaranteeing the continuity of its business by maintaining state-of-the-art cybersecurity systems, employee training, and incident response capabilities." RELATIONSHIP WITH CUSTOMERS & SUPPLIERS "Alpek will work with its customers and suppliers in an effort to actively identify ESG- related risks and the corrective actions needed to make our entire value chain more sustainable" ACTIVE ESG RISK MGMT. "Alpek will continue to reinforce its Governance practices and organization so it may reach the various targets set for each of its ESG Material Issues" DIVERSITY, EQUITY AND INCLUSION "Alpek is committed to further diversifying its workforce through more equitable hiring, retention and development strategies" COMMUNITY ENGAGEMENT "Alpek cares about all its local communities and is committed to investing its time and profits on activities that contribute to our neighbors' safety, education, access to services, and quality of life." SUSTAINABLE CORPORATE GOVERNANCE "Alpek is committed to further improving the composition and effectiveness of its Board by increasing the frequency ESG topics & metrics are reviewed, as well as enhancing the diversity and experience of its members"#29ALPEK WITH STRONG IMPROVEMENT ON ESG PERFORMANCE & SCORES CO2 Emissions (M Tons) SUSTAINALYTICS ESG Ratings -8.7% 2.42 2.21 Scope I 0.80 0.77 Scope II 1.62 1.44 Recent Recognitions 29 39 Risk Rating S&P Dow Jones Added to Indices A Division of S&P Global , Bolsa Mexicana Grupo BMV Total Mexico ESG Index Manageable 71 61 Risk 2019 2020 2019 2021 Chemicals Risk Percentile 62 25 Best ESG in its segment according to Institutional Investor 29 29#30INDEX ALPEK AT A GLANCE KEY INVESTMENT HIGHLIGHTS RECENT FINANCIAL RESULTS ESG AT A GLANCE RELEVANT EVENTS THE CASE FOR PET APPENDIX 30 30#31NOVA CHEMICALS' EXPANDABLE STYRENICS BUSINESS PURCHASE ARCEL® EPS 19 325 20 46 240 204 529 36 168 I ¦ NOVA ! KTA MEX BRA CHI ARG Pre- Acquisition USA Post- Acquisition Strengthen Core Business ✓ Global Cost Improvement ✓ Value-added Products Footprint Optimization Foster Circular Economy Sustainable Product Portfolio Strategic & Focused Growth Value Chain Integration ✓ Product Innovation 31#32ALFA'S UNLOCKING VALUE INITIATIVE Nemak Axtel Lower Alpek Spin-off Sale Debt Spin-off 2020 TBD TBD TBD Alpek's Transition Plan • Spin-off not expected in 2021 • Working on becoming fully independent from ALFA's corporate services Potential Impact & Benefits • No impact expected to Alpek's SG&A • • Possibility for more shares to be publicly traded, thus increasing share liquidity Strengthened Governance practices 32 32#33ALPEK ACQUIRES CARBONLITE'S RPET FACILITY World's largest integrated bottle-to-bottle recycling site • Reaffirming Alpek's position as largest rPET recycler in The Americas . Achieves goal of supplying customers 25% recycled content by 2025 . Brand-new assets and state-of-the-art technology • Winning bid of US$96M on a debt-free basis / Partially included in Guidance • Strategically located asset in Reading, PA, USA to start-up operations in 3Q21 394 (+71%) Output 268 (+75%) 115 159 164 CarbonLITE 282 95 (+105%) 230 Current 153 49 31 46 KTA Bottle to Flake (Input) Flake to Pellet Single Pellet TechnologyⓇ Total#34• CCP UPDATE Pre-construction period extended through end of 2021 Stronger PET demand in NA supportive of project Focused on minimizing CAPEX & optimizing timing Front-loading engineering work & analyzing all options Own Px & MEG Own Px & MEG Own Px & MEG PTA 1.3 M tons Calpek PET 1.1 M tons Calpek ⚫PET (Int.): 367 Kta ⚫PTA: 125 Kta INDORAMA INDORAMA FE FE •PET (Int.): 367 Kta •PTA: 125 Kta •PET (Int.): 367 Kta •PTA: 125 Kta 34#35INDEX ALPEK AT A GLANCE KEY INVESTMENT HIGHLIGHTS RECENT FINANCIAL RESULTS ESG AT A GLANCE RELEVANT EVENTS THE CASE FOR PET APPENDIX 35#36PEOPLE ARE TALKING ABOUT PLASTICS: Every bottle ends up in the middle of the ocean, I've seen the images on TV A friend told me that glass is the most eco- friendly option, so I always go for that if I can 100 Companies care more about their sales than the environment. Just look at any supermarket aisle 09 10 10 PLASTIC WASTE INDEXED GOOGLE SEARCHES 2009-2020 476 11 12 13 14 15 16 17 18 19 20 267 alpek | The Case for PET#37IT'S IMPORTANT TO KNOW: NOT ALL PLASTICS ARE THE SAME روح روح روح HDPE PVC LDPE PP PS <3 PET POLYETHYLENE TEREPHTHALATE PET is #1 for a reason 1 100% RECYCLABLE 2 RECYCLED AT HIGH RATES ✰ OTHERS HOWEVER, THEY ALL GET BUNDLED TOGETHER, SO LET'S BUILD THE CASE FOR PET! 3 ONLY PLASTIC THAT CAN BE REMADE BACK TO ITS ORIGINAL PURPOSE alpek The Case for PET#38Although Alpek plays an important role as the largest producer and recycler of PET in the Americas, we're not the only ones involved in its lifecycle. So rather than hearing it from us, we'd like to introduce you to some people that can better explain The Case for PET based on how it touches their lives every day. These are their stories. Calpek | The Case for PET#39LLLLLL «PET is simply a better product>>> For a while now, we wanted to sell more of our berries in the local supermarkets, but packaging was a problem. We used carton but there were a lot of disadvantages, for example if the package got too wet, like from the humidity in the supermarket refrigerators, it would lose its resistance or leave our berries exposed to mold. Also, since it's not transparent, it was hard to highlight the quality of our product. Last year though, we started working with PET packaging and things are looking up. The package is nice and resistant, but is also much cheaper! We are using the savings in other parts of the business to keep growing, but I'm not going to lie, I've also used it for other things like computers for my kids homeschool and kept a couple of dollars in my pocket at the end of the day. FRANCISCO MACÍAS 5th-generation berry farmer California, USA Calpek The Case for PET#40PET'S UNIQUE TRAITS MAKE IT A BETTER PRODUCT USES LESS MATERIAL With the same kilogram of material, you get: THE LOW COST OPTION For the cost needed to produce 1 glass bottle, you can produce up to 8 PET bottles. 1 KG = 90x 60x THIS IS WHAT PET BRINGS 6.1 CENTS 3x • TO THE TABLE MOST CONVENIENT AND HYGIENIC BPA & Phthalate free, as well as the only widely available individually packaged resealable option. || SHATTER RESISTANT Unlike glass and aluminum, PET can be transported with minimal protection as it is more resistant to damage. BOTTLED WATER Calpek The Case for PET#41«PET keeps me safe>> The current health emergency caused by the Coronavirus has taught us many things about our life and ourselves in a very short period of time. Something I didn't expect to learn was the importance of PET for us, as doctors and patients. To me PET was just the water bottle I used when running, but it turns out that it's also present in many other things, starting with the safety goggles and facemask I must wear at work. It's odd how something like a virus we can't even see showed us how vulnerable we really are. Today I trust the PET in those goggles and facemask to get home safely and be with my two daughters and husband. Obviously, we were not expecting this pandemic, but PET helped us face it head-on. DR. KRISTEN GIORDANO Currently fighting Covid-19 Toronto, CAN Calpek | The Case for PET#42SO MUCH MORE THAN JUST BOTTLES PET IS A BIG PART OF OUR LIVES AND IS PRESENT IN MANY OF THE THINGS WE USE EVERY DAY You can easily identify PET products, just look for the ①! WATER BOTTLES 1- JACKETS ANTIBACTERIAL GEL BOTTLES PERSONAL CARE PACKAGING FRUIT PACKAGING SAFETY GOGGLES SPORT SHIRTS JUICE BOTTLES FACEMASKS SODA BOTTLES FOOD PACKAGING alpek The Case for PET PET#43<<Educating towards smarter choices>>> From my perspective there have never been more options in terms of the products we consume every day. I go to the supermarket and for just one thing, let's say orange juice, there are like 3 different packaging options: PET, glass and cardboard. My job is to encourage my students by exploring the current problems we face. After doing a ton of research, I've found that the general misconceptions around PET's sustainability are wrong. It is fully recyclable and recycled at the same rates as its alternatives and made without hazardous materials. More importantly, I have the responsibility to teach my kids to dispose whichever juice bottle they choose, to ensure it gets back to them another day. PETER EVANS Elementary school teacher Manchester, UK 000w Calpek The Case for PET#44B UNITS PET HAS BECOME THE MOST WIDELY USED BEVERAGE PACKAGING MATERIAL BEVERAGE PACKAGING INDUSTRY UNITS BY SUSTRATE (B UNITS ) 2000-2019 98 37 • 34 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 116 PET+6.3% 94 ALUMINUM -0.2% 37 GLASS+0.4% Calpek The Case for PET#45PET IS HIGHLY RECYCLED AND STILL HAS ROOM TO GROW PET AROUND THE WORLD 100% 90% 80% 70% 58% 60% 50% 40% 30% 20% 10% 0% WORLDWIDE 30% 65% 98% VS MAIN COMPETITORS VS OTHER PLASTICS 69% 46% 16% ٢١٢ (•) ALUMINUM GLASS WORLDWIDE WORLDWIDE OTHER PLASTICS BUT CAN'T DO IT WITHOUT OUR HELP! alpek The Case for PET#46<<We should think about the big picture>> I think society has focused on solving the waste problem, and we definitely need to solve that, but we shouldn't lose sight of the real problem facing our generation: climate change. Said differently, if all we do is recycle more, does that mean we are doing less harm to the environment? More and more people are doing their part, choosing fully recyclable materials, putting garbage in the right place, and starting action in their communities, but I think that we should also start questioning corporations about everything that happens before and after we as consumers make our choice. Fixing the amount of carbon emissions generated to make the green glass bottle my sparkling water comes in, and how much more will be released when it's recycled, now that's big picture stuff. OLIVIA TURELLA College student Sao Paulo, BR Calpek The Case for PET#47PET'S CARBON FOOTPRINT IS 80% LOWER THAN GLASS OR ALUMINUM WHICH MAKES IT THE RIGHT CHOICE FOR THE ENVIRONMENT (YES, REALLY) THERE'S A BIG DIFFERENCE WHEN LOOKING AT A NEW BOTTLE... 182 gr. CO 2 4.9x 187 gr. CO 2 5.1x Let's put it into perspective>> 37 gr. CO 1.0x 2 CARBON FOOTPRINT OVER LIFECYCLE, PER 355 ML. BOTTLE. Calpek | The Case for PET#48PET'S CARBON FOOTPRINT IS 80% LOWER THAN GLASS OR ALUMINUM WHICH MAKES IT THE RIGHT CHOICE FOR THE ENVIRONMENT (YES, REALLY) Let's put it into perspective>> 10 gr. CO 2 1.0x ..THAT GETS EVEN BIGGER WHEN USING RECYCLED MATERIALS! 90 gr. CO 9.0x 2 31 gr. CO 3.0x CARBON FOOTPRINT OVER LIFECYCLE, PER 355 ML. BOTTLE. Calpek | The Case for PET#49JUST THINK ABOUT THE TEMPERATURE NEEDED TO PRODUCE PET VS. ALUMINUM OR GLASS: GLASS IS MADE AT TEMPERATURES HOTTER THAN LAVA. 2,800°F ALUMINUM IS MADE AT A TEMPERATURE HOTTER THAN THE SURFACE OF VENUS. 1,200°F PET IS MADE AT THE SAME TEMPERATURE NEEDED TO MAKE A NICE SLICE OF PIZZA. 480°F#50Think back to the last time you had a burger... What if I told you, you could wash it down with 300 BOTTLES OF WATER and still NOT MATCH THE CO₂ USED TO MAKE THAT BURGER?#51The CO2 emissions generated by 1 PERSON flying from NYC to San Francisco r is equal to that from recycling 29,600 PET bottles ENOUGH TO ENJOY A DRINK WITH EVERY ONE OF YOUR MEALS FOR THE NEXT 30 YEARS#52<<PET is my livelihood»>> I know it might not sound very attractive, but my job is to find and separate PET from the rest of your garbage. Why? Because certain people are willing to pay me good money for it. There are collection points all around my city, they buy the PET from me, and then they sell that material to a recycling plant. I guess it's good business for them too, because they never stop coming for more and more PET. I tend to focus on PET because contrary to glass and aluminum, I can find it easily, separate it without much risk, and carry it since it's so light and compactable. I definitely don't miss getting tetanus shots. My work allows me to put food on the table for my family and send my children to school, so I'm very proud of it. It also gives me great pleasure to see the streets clean, knowing that in some way, my effort contributed to achieving that. EULALIO RAMÍREZ Garbage collector for 17 years Ciudad de México, MX Calpek The Case for PET#53EVERYONE HAS A ROLE TO PLAY alpek • Increase Recycled PET production • Meet bottlers' needs Improve Recycled PET technology RPET PELLET VIRGIN PET SINGLE PELLET TECHNOLOGY® BOTTLERS Use higher rPET content Design for higher recyclability Willingness to source rPET GOVERNMENT · Promote recycling • Promote use of lower CO₂ products WASTE MANAGEMENT ⚫ Grow gathering network • Improve PET separation Improve bale quality RPET FLAKE PET BALES PET'S CIRCULAR ECONOMY TRASH SEPARATION BY TYPE DRINKS AT POINT OF SALE RETAILERS Promote and offer recyclable products Offer recycle solutions at their locations CONSUMERS · Consume responsibly .Recycle everything • Separate trash properly#54<<<We have a clear goal>> I have proudly been part of Alpek for the last 4 years. Sometimes I'm questioned by my family about my work because they've heard negative stories surrounding plastics. But I know that PET is unlike any other plastic. I'm convinced that for us to achieve a true change in our society, the first thing we need is real information, so I actually see these discussions and questions as opportunities to share the data I have. I recently had the chance to log-in to a Webcast where Pepe Valdez, Alpek's CEO, talked about the company's five-year strategy. It was very focused on increasing the amount of rPET we make, and helping meet our customers' goals. These type of things make me proud to be part of the Alpek family. DEBORA ESPECHE Lab Analyst at Ecopek (Alpek rPET) Pacheco, ARG ECOPEK alpek The Case for PET#55Alpek is leading the way Today we already recycle 5 BILLION BOTTLES each year And we're aiming to reach 15 BILLION BOTTLES BY 2025! To get there, among other initiatives, Alpek has joined associations such as RECYCLING PARTNERSHIP to develop more trash gathering infrastructure in major US Cities. alpek The Case for PET#56SO YOU'RE NOT CARBON NEUTRAL? DON'T WORRY. EVERY LITTLE CHOICE MATTERS. 1. Recycle! As much as you can, and not just PET, but every product you come across. 2. Promote the use of fully recyclable materials in any place: your home, your work and even in your favorite coffee shop. 3. Share your newfound knowledge about PET and recycling, to speed up our progress towards a truly sustainable future. Calpek | The Case for PET#57INDEX ALPEK AT A GLANCE KEY INVESTMENT HIGHLIGHTS RECENT FINANCIAL RESULTS ESG AT A GLANCE RELEVANT EVENTS THE CASE FOR PET APPENDIX 57 40#58POLYESTER VALUE CHAIN Crude Oil Refinery Naphtha Reformer/BTX Calpek ΟΣ H 0.80 ton Ethylene per ton EO PX CH CH₂ Ethane (From Natural Gas) Cracker Ethylene Ethylene Oxide Source: Alpek, Nexant 0.66 ton PX per ton PTA 0.72 ton EO per ton MEG I PTA 0.84 ton PTA per ton PET PET 0.34 ton MEG per ton PET Fibers & Filaments MEG 58 58 Calpek rPET#59POLYPROPYLENE (PP) VALUE CHAIN Crude Oil linl Refinery 的 Gasoline Ethane / Propane Cracker On-Purpose Tech (PDH) Source: Alpek, Nexant CH CH, CH₂ 1.01 ton Propylene per ton PP Propylene PP Calpek End-products 59#60EXPANDABLE STYRENICS (EPS & ARCEL®) VALUE CHAIN Crude Oil Refinery Naphtha ΚΟΣ Ethane (From Natural Gas) Cracker Source: Alpek, Nexant Benzene Reformer 0.79 ton Benzene per ton Styrene Pentane 車 alpek 0.06 ton Pentane per ton EPS Ethylene CH2 0.29 ton Ethylene per ton Styrene 0.94 ton Styrene per ton EPS I Polyethylene Styrene EPS ArcelⓇ 60#61CAPROLACTAM (CPL) VALUE CHAIN Crude Oil Refinery Naphtha Reformer Source: Alpek, Nexant 411 車 Calpek Cyclohexane Caprolactam Benzene 0.94 ton Bz per ton Cyclohexane H H₂ N-H H Natural Gas Syngas 0.99 ton CX per ton CPL Nylon Ammonia Ammonium Sulfate Fertilizers 61#62LATEST QUARTER RESULTS Results and Key Metrics Ch. 3Q21 2Q21 3Q20 QoQ (%) YoY (%) YTD21 YTD20 (%) Volume¹ (ktons) 1,195 1,201 1,260 (1) (5) 3,627 3,554 2 Polyester 924 945 1,026 (2) (10) 2,865 2,927 (2) Plastics & Chemicals 271 256 234 6 16 762 627 21 Production (ktons) 1,565 1,526 1,608 3 (3) 4,712 4,779 (1) Polyester 1,285 1,240 1,337 4 (4) 3,871 3,996 (3) Plastics & Chemicals 281 286 271 Revenues 2,082 1,849 1,325 Polyester 1,228 1,183 990 Plastics & Chemicals 682 610 297 EBITDA 279 273 179 Polyester 138 134 109 Plastics & Chemicals 138 136 67 2342232 (2) 4 841 782 8 13 57 5,545 3,933 41 24 3,480 3,009 16 12 130 1,763 818 116 56 876 364 141 27 456 200 128 108 398 156 155 Others 2 3 3 (22) (20) 22 7 203 Comparable EBITDA² 234 225 154 4 52 662 450 47 Polyester 107 102 95 Plastics & Chemicals 124 120 56 54 12 299 291 3 123 342 152 125 Others 3 3 3 (22) (20) 22 7 203 Net Income (Controlling Interest) 111 124 65 (10) 71 356 51 594 CAPEX 32 132 23 (76) 39 195 65 200 Net Debt Net Debt/EBITDA³ 1,323 1.2 1,247 1,235 6 7 1.3 1.7 (1) Excludes intracompany sales (2) Excludes inventories, carry-forward effects, and non-operating, one-time (gains) losses (3) Times: last 12 months 62 62#63LATEST QUARTER RESULTS Cash Flow Ch. 3Q21 2Q21 3Q20 QoQ (%) YoY (%) YTD21 YTD20 (%) EBITDA 279 273 179 2 56 876 364 141 Net Working Capital & Others (245) 6 56 (4,539) (535) (432) 183 (336) CAPEX (32) (132) (23) 76 (39) (195) (65) (200) Financial Expenses (26) (25) (25) (4) (3) (117) (76) (54) Income Tax (3) (32) 4 91 (168) (79) (97) 19 Dividends (20) (128) 85 (100) (171) (163) (4) Payment to affiliated companies (2) (100) (100) (3) (100) Other Sources / Uses (27) 11 2 (354) (1,353) (19) (50) 63 Decrease (Increase) in Net Debt (76) (28) 193 (173) (139) (138) 95 (245) Net Income Ch. 3Q21 2Q21 3Q20 QoQ (%) YoY (%) YTD21 YTD20 (%) Consolidated Net Income 142 159 80 (10) 78 454 78 481 Non-Controlling Interest 31 35 15 (11) 109 98 27 265 Controlling Interest 111 124 65 (10) 71 356 51 594 Earnings per Share (U.S. $) 0.05 0.06 0.03 (10) 71 0.17 0.02 594 Avg. Outstanding Shares (million)* 2,111 2,112 2,112 2,112 2,113 * The same number of equivalent shares are considered in the periods presented 63#64RELEVANT REFERENCES: CRUDE OIL Price increased as demand for refined products remains strong & supply reduced US$/Bbl 120 100 99 80 60 60 60 40 40 20 20 Brent Crude Oil Price 54 52 44 71 67 64 0 2014 2015 2016 2017 2018 2019 2020 2021#65RELEVANT REFERENCES: PARAXYLENE Px prices increased by 7% largely in line with Crude Oil price (+6%) 1,708 1,635 1,641 1,382 NA Px Contract Price +7% 1,174 1,165 1,077 1,064 992 996 954 955 937 876 876 891 658 685 590 2011 2012 2013 2014 2015 2016 2017 2018 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2019 2020 2021#66RELEVANT REFERENCES: INTEGRATED PET MARGINS Margins remain at 2021 closing levels / Asia-China spread has widened China Asian Margins (Px / MEG to PET) 382 370 324 304 310 -11% 356 330 318 277 266 275 250 214 242 227 223 260 227 214 164 262 249 227 228 PET 208 192 165 159 196 172 145 175 155 140 122 110 82 69 62 64 73 22 78 883 78 68 81 94 90 PTA 2014 2015 2016 2017 2018 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2019 2020 2021#67RELEVANT REFERENCES: POLYPROPYLENE MARGINS Record high reference margins NA Polypropylene Margin (PP to PGP) 24 24 12 12 13 15 25 25 19 22 22 22 11 12 13 14 15 16 17 18 22 22 21 21 20 20 15 16 17 +11% 47 32 32 22 22 42 52 2021 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2019 2020#68RELEVANT REFERENCES: PROPYLENE PGP contract prices have remained high as Hurricane Ida impacted inventory levels 76 71 69 60 60 39 39 39 NA Propylene Contract Price (PGP) 34 == 45 45 38 2011 2012 2013 2014 2015 2016 2017 2018 1Q 34 37 38 35 55 35 55 31 26 26 41 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2019 2020 73 67 +23% 1Q 2Q 3Q 2021 82#69RELEVANT REFERENCES: CAPROLACTAM Source: IHS Markit 2,100 1,240 1,069 Asian Caprolactam to NA Benzene Spread (Contract) 1,230 1,033 1,075 1,048 976 943 840 862 854 727 739 692 644 669 606 549 2011 2012 2013 2014 2015 2016 2017 2018 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2019 2020 2021 69 69#70STOCK HIGHLIGHTS (BMV: ALPEK) 30 25 Daily Stock Price (MXN) Valuation 2018 2019 2020 3Q21 15 250 20 10 Market Cap. (US$B) 3,040 2,571 1,543 2,517 5 Jan May Sep Jan May Sep Jan May Sep Net Debt (US$M) 1,832 1,330 1,185 1,323 2019 2020 2021 EBITDA LTM (US$M) 1,063 850 565 1,077 Enterprise Value / 4.8 4.9 5.3 3.9 Daily Average Traded Shares & Value (M Shares) EBITDA (M Shares) (US$M) Price/Earnings 4.0 6.6 7.9 4.4 5 4 Price per Share (MXN) 27.61 23.40 15.70 23.86 3 3 2 Exchange Rate 19.24 19.26 21.49 20.01 (MXN/USD) 1 0 0 J F M A M J JASON D J F M A M J JASON D J F M A M J J A S 2019 2020 2021 70#71ALPEK'S INVESTOR RELATIONS TEAM Email: [email protected] / Phone: +52 (818) 748-1146 Alejandro Elizondo IRO • 10 Years at Alfa/Alpek [email protected] 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 Alejandra Bustamante IR Manager [email protected] 9 Years at Alfa/Alpek Previously held roles in Human Capital, Talent & Culture at Alfa and Axtel • BA in International Relations from ITESM 71#72DISCLAIMER 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. 72#73Calpek THIRD QUARTER 2021 CORPORATE PRESENTATION