The Power of Agility - Methanex Capacity and Financials slide image

The Power of Agility - Methanex Capacity and Financials

5 Business highlights 1 Robust methanol prices supported by higher global energy prices, ongoing industry supply challenges and demand recovery 2 Strong financial results and cash generation highlight the significant leverage of our earnings to methanol prices 3 4 5 Finalized strategic shipping partnership agreement between Methanex and Mitsui O.S.K. Lines Ltd (MOL) • MOL to acquire a 40% minority in Waterfront Shipping (Methanex subsidiary) for $145 million Strengthening our global asset portfolio • . • Completed low-cost debottlenecking project in Geismar, Louisiana (annual production increase of 0.2M tonnes) Restarted production at our Chile IV plant (annual operating capacity of 0.8M tonnes) Building our Geismar 3 methanol project, which is significantly de-risked, with commercial operations targeted for late 2023/early 2024 (1.8M tonnes) Disciplined and consistent capital allocation priorities with commitment to returning excess cash to shareholders • • Increased emphasis on financial flexibility with higher cash balances, lower leverage and flexible vehicles for shareholder distributions Announced a reset of our quarterly dividend to $0.125 per share Approved a 5% share repurchase program methanex the power of agility
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