OCI Ramp-Up of Methanol Capacity slide image

OCI Ramp-Up of Methanol Capacity

■ OCI Source: Bloomberg, Argus 0.0 2.0 ուցաա /$ 4.0 6.0 8.0 10.0 Structurally Low Gas Prices Enhance our Competitive Cost Position TTF Gas Prices | Historical and Forward Curve ($/mmBtu) 12.0 Henry Hub Forward Curve (NYMEX) Progression ($/MMBtu) $6.00 Q1 15 Q3 15 Q1 16 Q3 16 Q1 17 Q3 17 Q1 18 Q3 18 Q1 19 Q3 19 Q1 20 Q3 20 Q1 21 Q3 21 Q1 22 Gas Price ($/MMBtu) $5.00 $4.00 $3.00 $2.00 $1.00 $0.00 ($1.00) 10/2019 Today 04/2020 10/2020 04/2021 10/2021 04/2022 10/2022 04/2023 10/2023 04/2024 10/2024 04/2025 10/2025 04/2026 ми 10/2026 European TTF gas prices dropped >50% in H1 2019 compared to H1 2018 despite coal to gas switching dynamics We expect to continue to benefit from materially lower gas prices in both Europe and the United States: - A wave of investment in LNG is resulting in an increase in cheap energy (global LNG effective capacity is set to grow by over 20% from 2018 to 2021) In the US, Henry Hub decreased to very competitive prices that are significantly below the levels of last year: The forward curve suggests this will remain for the foreseeable future, which will continue to keep our US operations at the very low end of the global cost curve 04/2027 10/2027 04/2028 10/2028 04/2029 3Y Ago 5Y Ago -----ANR SW Basis (Today) 14 10/2029 04/2030 10/2030 04/2031 10/2031
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