Methanex Corporation (NASDAQ:MEOH) Q3 2020 Earnings Conference Call October 29, 2020 11:00 AM ET Company Participants Kim Campbell - Director, Investor Relations John Floren - President and Chief Executive Officer Conference Call Participants Ben Isaacson - Scotiabank Jacob Bout - CIBC Steve Hansen - Raymond James Cherilyn Radbourne - TD Securities John Roberts - UBS Jonas Oxgaard - Bernstein Eric Petrie - Citi Nelson Ng - RBC Capital Markets Hassan Ahmed - Alembic Global Advisors. Mike Leithead - Barclays ...

Financial Data and Key Metrics Changes - In Q2 2020, Methanex recorded adjusted EBITDA of $32 million and an adjusted net loss of $64 million, equating to $0.84 per share, significantly lower than the previous quarter due to reduced average realized prices and lower sales volumes [12][13] - Global methanol demand declined by approximately 5% or 1 million tons in Q2 2020 compared to Q1, and by approximately 12% or 2.5 million tons compared to Q4 2019 [14][15] Business Line Data and Key Metrics Changes - Methanol demand in China increased by approximately 4% in Q2 2020 versus Q1, driven by recovery in economic activity and improved fuel demand [16] - Outside of China, methanol demand declined by approximately 19% quarter-over-quarter due to lower manufacturing activity in key sectors like automotive and construction [18] Market Data and Key Metrics Changes - Global methanol supply declined by approximately 9% when comparing Q2 2020 to Q4 2019, with production in Q2 being 379,000 tons lower than in Q1 2020 [20] - Spot prices in China are currently marginally below the industry cost curve of approximately $200 to $220 per ton [21] Company Strategy and Development Direction - The company has deferred approximately $500 million in capital spending on the Geismar 3 project for up to 18 months to strengthen its balance sheet and preserve liquidity [23] - Methanex is focused on cash preservation and evaluating options to maintain financial capacity during the downturn, while planning for long-term demand growth for methanol [29][35] Management's Comments on Operating Environment and Future Outlook - The management expressed uncertainty regarding the full impact of the COVID-19 pandemic and lower oil prices on methanol demand, indicating that the near-term outlook remains uncertain [30] - Despite the challenges, the management believes in the long-term demand growth for methanol as it is a key ingredient in various applications [34] Other Important Information - The company ended the quarter with nearly $800 million in cash and has no near-term debt maturities, indicating a strong liquidity position [26] - Methanex has amended its credit facilities to provide financial covenant relief, allowing for greater flexibility in the current environment [27] Q&A Session Summary Question: Ability to push out G3 project timeline - Management confirmed that the completion date for the G3 project has been pushed out by another 12 months due to renegotiated terms with lenders [44] Question: Incremental costs from COVID-19 - Management indicated that the incremental costs related to COVID-19 were very minor, primarily associated with remote working [45] Question: Global methanol demand recovery - Management noted that demand outside China remains under pressure and is slow to recover, with significant declines still observed compared to Q4 2019 [46][47] Question: Inventory levels at Chinese ports - Management characterized current inventory levels in China as normal, despite a rise due to increased demand from MTO operations [51] Question: Methanol market contraction - Management explained that their sales volumes contracted more than the industry average due to a strategic decision to take certain plants offline in response to declining demand [60][62] Question: Turnaround plans for G1 and G2 - Management stated that G1 is not due for a turnaround for another three years, while G2 is approaching its turnaround schedule [64] Question: Trinidad gas supply negotiations - Management confirmed ongoing negotiations with the government to secure a profitable gas supply arrangement, with no immediate updates available [108] Question: MTO operating rates - Management reported that MTO operations remained high at around 90% during Q2, despite low pricing for ethylene and propylene [112] Question: Working capital and liquidity strategy - Management highlighted a positive working capital move in Q2, driven by methanol prices, and emphasized tight management of working capital going forward [120][124] Question: Methanol as a clean fuel alternative - Management reiterated that methanol is a viable alternative fuel and can meet future environmental standards, emphasizing its flexibility and availability [135]

Methanex Corp (NASDAQ:MEOH) Q1 2020 Earnings Conference Call May 6, 2020 11:00 AM ET Company Participants Kim Campbell - Director, IR John Floren - President, CEO & Director Ian Cameron - SVP, Finance & CFO Conference Call Participants Benjamin Isaacson - Scotiabank Steven Hansen - Raymond James Jacob Bout - CIBC Capital Markets Joel Jackson - BMO Capital Markets Michael Leithead - Barclays Bank Hassan Ahmed - Alembic Global Advisors Nelson Ng - RBC Capital Markets Jonas Oxgaard - Sanford C. Bernstein & Co. ...

Methanex Corporation (NASDAQ:MEOH) Q4 2019 Earnings Conference Call January 30, 2020 11:00 AM ET Company Participants Kim Campbell - IR John Floren - President and CEO Conference Call Participants Michael Leithead - Barclays Capital Joel Jackson - BMO Capital Markets Steve Hansen - Raymond James Cherilyn Radbourne - TD Securities Matthew Blair - Tudor, Pickering, Holt & Co. Jonas Oxgaard - Bernstein Nelson Ng - RBC Capital Markets Eric Petrie - Citigroup Global Markets Hassan Ahmed - Alembic Global Advisors ...

Methanex Corporation (NASDAQ:MEOH) Q3 2019 Earnings Conference Call October 31, 2019 11:00 AM ET Company Participants Kim Campbell - Investor Relations John Floren - President and Chief Executive Officer Ian Cameron - Chief Financial Officer and Senior Vice President-Finance Conference Call Participants Michael Leithead - Barclays Capital Eric Petrie - Citigroup Global Markets Jacob Bout - CIBC World Markets Joel Jackson - BMO Capital Markets Hassan Ahmed - Alembic Global Advisors John Roberts - UBS Steve H ...

Methanex Corporation (NASDAQ:MEOH) Q2 2019 Earnings Conference Call August 1, 2019 12:00 PM ET Company Participants Kim Campbell ??? Investor Relations John Floren ??? President and Chief Executive Officer Vanessa James ??? Senior Vice President-Global Marketing & Logistics Ian Cameron ??? Senior Vice President-Finance & Chief Financial Officer Conference Call Participants Mike Leithead ??? Barclays Joel Jackson ??? BMO Capital Markets Jacob Bout ??? CBIC Eric Petrie ??? Citi Cherilyn Radbourne ??? TD Secur ...

Methanex Corporation (NASDAQ:MEOH) Q1 2019 Earnings Conference Call April 25, 2019 12:00 PM ET Company Participants Kim Campbell - IR John Floren - President and CEO Conference Call Participants Joel Jackson - BMO Capital Markets Michael Leithead - Barclays Capital Steve Hansen - Raymond James Jacob Bout - CIBC John Roberts - UBS Daniel Jester - Citi Hassan Ahmed - Alembic Global Nelson Ng - RBC Capital Markets Jonas Oxgaard - Bernstein Charles Neivert - Cowen Nicholas Cecero - Jefferies & Co. Cherilyn Radb ...

Methanex Corporation (NASDAQ:MEOH) Q4 2018 Earnings Conference Call January 31, 2019 12:00 PM ET Company Participants Kim Campbell ??? Investor Relations John Floren ??? President and Chief Executive Officer Ian Cameron ??? Senior Vice President, Finance and Chief Financial Officer Conference Call Participants Mike Leithead ??? Barclays Capital Jacob Bout ??? CIBC Hassan Ahmed ??? Alembic Global Joel Jackson ??? BMO Capital Markets John Roberts ??? UBS Daniel Jester ??? Citi Nelson Ng ??? RBC Capital Market ...