Alpek Sab De Cv Ord

Hello everyone.

We appreciate your participation in today's webcast and your continued interest in Alpec as we present our third quarter results. I'm Juan Diego Siller, the recently appointed investor relations officer. Here with me today are Jorge Young, our CEO, and Rodrigo Prieto, our CFO. Before we begin, please note today's discussion will include forward-looking statements based on current expectations and assumptions, subject to certain risks and uncertainties. Actual results may differ materially. ALPEC undertakes no obligation to update these statements. We express our financial results in U.S. dollars unless otherwise specified. For your convenience, this webcast is being recorded and will be available in the Investors section of our website. Regarding today's agenda, Jorge will begin with a quarter overview. Second, Rodrigo will discuss our financial performance in greater detail. Afterwards, Jorge will delve into our revised guidance figures and expectations for the remainder of the year. And finally, we will move on to Q&A. Jorge, I'll turn the call over to you.

Good morning, everyone. Thank you for joining us. During the third quarter, For teams once again delivered strong execution, responding quickly to evolving customer needs and maintaining high operating rates. Our focus on operational efficiency, commercial agility and supply chain flexibility enabled us to adapt to market conditions resulting in another exceptional quarter. As a result, Well-performed or comparable EBITDA expectations for the quarter? Building on our year-to-date performance and updated outlook for the last quarter of 2026, we are again raising our full-year guidance, which I will discuss in more detail later in the call. Our leverage ratio improved to 1.8 times, primarily reflecting higher last 12 months EBITDA. Our local-for-local production strategy and constant pursuit to strengthen our competitive position continue to be fundamental pillars for Alpek's success. Our global footprint and regional approach to key markets, including the United States, Mexico, Brazil, among others, has enabled us to provide reliable, long-term supply and service to our customers as the domestic supplier of choice. This has been particularly important amid continued global trade disruptions and raw material shortages, mainly in Asia, as the conflict in the Middle East extends. Deity Resin in Asia is facing reduced availability of key feedstocks and lower operating rates, Supporting reference margins above our original expectations. In parallel, elevated ocean freight rates have made imports less competitive, further benefiting regional suppliers like Alpec. These dynamics reinforce the importance of the action we have taken over the last several years to make our company more competitive and resilient. Our performance reflects the progress we have made in executing ALPEC's long-term strategy. Over the past few years, we have taken deliberate actions to reinforce our competitiveness, improve the quality of our portfolio, and reinforce our financial position. Let me highlight some of the initiatives underway across our two strategies supported by financial flexibility. First, strengthening our core business. We have continued to optimize our global footprint, directing production towards our most competitive and integrated facilities, while providing cost efficiency. Since 2023, we have reduced installed capacity by 15%, including fibers capacity, and headcount by 29%, while maintaining similar volume levels. This demonstrates the effectiveness of our linear operating model. At the same time, we continue identifying opportunities to further improve performance within the organization. Earlier this month, we hosted our annual innovation awards, where teams from across ALPE presented projects to our executive team. These were focused on cost reductions, product improvements, business integrations, etc. We currently have more than 40 projects requiring minimal or no capex, representing over 20 million of potential incremental EBITDA. These projects reflect a culture of continuous improvement throughout the organization. Second pillar, growing and evolving our product portfolio. We're selectively investing in differentiated applications and differentiated products that offer higher margins. Key initiatives include expanding our thermoforming capacity in Saudi Arabia, increasing our copolymer production in our polypropylene business, and venturing into expandable polystyrene extrusion in North America. These investments, among several others in our pipeline, support a more resilient portfolio over the long term. We're also pursuing capital efficient growth opportunities by leveraging our assets, capabilities, and customer relationships to unlock incremental value. As an example, in our energy commercialization business, we continue expanding into the electricity sector in Mexico and have begun supplying natural gas in Brazil. Third, financial flexibility is a key enabler of our strategy. Even though our leverage level is now below 2.0 times, our focus remains on generating cash flow and further reducing debt. This includes working capital management, discipline capex, and progressing asset monetization. This action supports our objective of maintaining a strong balance sheet while preserving financial flexibility to pursue attractive growth opportunities as they arise. With that, I'll turn the call over to Rodrigo to discuss our financial results in greater detail.