Q4-14 Industry Highlights Demand grew modestly in Q4, led by chemical demand Steep oil price decline impacted methanol affordability for some energy applications Reduced demand for DME, Methanol-to-Propylene (MTP) and…
Q4-14 Company Highlights Higher Adjusted EBITDA and Earnings vs. Q3 Adjusted EBITDA 150 MM (Q3 137MM); Adjusted Net Income 80 MM (Q3 66 MM) Geismar 1 completed on schedule and producing methanol Excellent progress on Geismar 2,…
Q4-14 Methanol Price Methanex non-Discounted Regional Posted Prices 1 Feb Jan Dec Nov Oct (US per tonne) 2015 2015 2014 2014 2014 United States 415 449 475 499 482 2 Europe 430 430 450 450 450 Asia 315 355 415 435 435 1…
Q4-14 Financial & Operational Results Sales Volumes (000's of tonnes) Q4-14 Q3-14 1 Methanex Produced Methanol 1,249 1,258 Purchased Methanol 694 694 Commission Sales 248 191 Total 2,191 2,143 Average realized price (/tonne) 390…
Q4-14 Production Chile produced 62,000 tonnes in Q4 after restarting in Q3 Egypt production improved versus Q3 (81% operating rate versus Q3 32%) Plant was idled for a significant portion of Q3, resumed operations in August New…
Summary Geismar 1 operation poised to generate solid cash flows Methanol pricing declining in response to lower oil environment; modest high cost supply rationalization to date Strong balance sheet and liquidity to meet financial…