7/21/2021

speaker
Alejandro Lizondo
Investor Relations Officer

Good morning, and welcome to Alpec's second quarter 2021 earnings webcast. I'm Alejandro Lizondo, Alpec's investor relations officer, and today I have the pleasure of being joined by our CFO, Pepe Valdez, and our CFO, Jose Carlos Ponce. This presentation is divided into two parts. First, Mr. Valdez and Mr. Ponce will provide commentary on Alpec's second quarter 2021 performance and an update on relevant events. Afterwards, we will move on to Q&A. Please note that the information discussed today may include forward-looking statements regarding the company's future financial performance and prospects, which are subject to risks and uncertainty. Actual results may differ materially, and the company cautions the market not to rely unduly on these forward-looking statements. Alpec undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. I'd like to remind everyone that today's webcast is being recorded and will be available on our newly redesigned webcast located at alpec.com. I will now turn the call over to Mr. Pepe Valdez.

speaker
Pepe Valdez
Chief Financial Officer

Thank you, Alejandro. Good morning, everyone, and thank you for joining us. I hope you're all well. You're all doing well. Today, I am excited to share with you that Alpec has delivered yet another strong quarter amid a booming global economic environment During the second quarter, in addition to achieving record volume highs, we achieved our highest month ever in terms of comparable EBITDA. Let's start by reviewing the main topics that will be discussed in today's webcast. First, Alpec has greatly surpassed financial performance expectations for the second quarter. Jose Carlos will review this in greater detail. Second, ALPEC made large strides in its long-term growth strategy by acquiring Carbon Light's ARPED facility. Third, ALPEC has continued to make progress in its ESG efforts. And fourth, we will provide additional insight into our revised 2021 guidance as per the Earnings Report released yesterday. Providing some context for this quarter result, the increase in the amount of people getting vaccinated against COVID-19 has improved market confidence and therefore continued strengthening the global economy. is the stronger economic activity has generated rising demand for petrochemical products, including PET. As such, during the second quarter, Asian integrated polyester reference margins further improved to an average of $356 per ton. It was much higher than ALPEX revised guidance figure of $285, which was based on the supply demand balance expectations prevalent at the end of the first quarter. Similarly, the market has experienced a stronger demand for polypropylene.

speaker
Alejandro Lizondo
Investor Relations Officer

Apologies, we have technical difficulties. We will now continue the call.

Disclaimer

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Investor presentation