AGENDA
                                                  Introduction
                                                        Industry Analysis
                                                           Company Overview
                                                            Reasons to Buy
                                                           Investment Risks
                                                        Valuation
                                                  Conclusions
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                                  METHANEX: Valuation and Strategic Review, 22  February, 
                                  2013                                                                                         1
                                  Prepared for the 2013 CFA Research Challenge
                                    Introduction: What is Methanol?
                                                 Acetic Acid
    Introduction
   Industry Analysis                                                                  Dimethyl Ether
    Company Overview
   Reasons to Buy
    Investment Risks
   Valuation
    Conclusions
                                                                                                Fuel Blending
                                                          Formaldehyde
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                                  METHANEX: Valuation and Strategic Review, 22  February, 
                                  2013                                                                                         2
                                  Prepared for the 2013 CFA Research Challenge
                                    Industry Analysis: A Market Set for Growth
    Introduction
   Industry Analysis
    Company Overview
   Reasons to Buy
    Investment Risks
   Valuation
    Conclusions
                                                                                                                 Source: Company Reports
                                              Market                                Industry Driver
                                              Formaldehyde/acetic acid              Construction industry
                                              Energy/MTO                            Fuel blending and plastics
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                                  METHANEX: Valuation and Strategic Review, 22  February, 
                                  2013                                                                                         3
                                  Prepared for the 2013 CFA Research Challenge
                                    Industry Analysis: Methanol Markets
    Introduction
   Industry Analysis
    Company Overview
   Reasons to Buy
    Investment Risks
   Valuation
    Conclusions
                                                                                                            Source: Company Reports, Team Research
                                    •    61% of world demand comes from Asia
                                    •    Distribution channels critical for transfers from 
                                         supply to demand markets
                                                                              nd
                                  METHANEX: Valuation and Strategic Review, 22  February, 
                                  2013                                                                                         4
                                  Prepared for the 2013 CFA Research Challenge
                                  Company Overview
    Introduction
   Industry Analysis
    Company Overview
   Reasons to Buy
    Investment Risks
   Valuation
    Conclusions
                                                                                                                       Source: Company Reports
                                  •    Plant distribution allows low cost natural gas 
                                       inputs
                                  •    Increasing production in strategic North 
                                                                              nd
                                  METHANEX: Valuation and Strategic Review, 22  February, 
                                       American locations
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                                  Prepared for the 2013 CFA Research Challenge