Investor Presentaiton
20
Consistent capital allocation priorities with
emphasis on financial flexibility
Maintain our business
Maintenance capital and
debt service.
Shareholder distributions
Strong track record of and
continued commitment to returning
excess cash to shareholders.
$
iii
Profitable growth
Pursue value accretive growth
opportunities. Executing the
1.8 mmt advantaged G3 project.
To manage cyclicality and maintain a
strong and flexible balance sheet we
will:
1. Target higher cash balances: maintain a
minimum of $300M cash plus remaining
G3 capital costs on balance sheet
2. Target lower leverage: target 3x
debt/EBITDA at ~$275-$300/tonne
methanol prices; next debt maturity in
2024
3. Continue shareholder distributions:
return excess cash to shareholders
through a sustainable dividend with
greater weighting on flexible vehicles for
distributions such as share buybacks.
methanex
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