Methanex Investor Presentation - July 2024

The Global
Methanol
Leader
CORPORATE PRESENTATION
JULY 2024

Forward-looking statements and non-GAAP measures
Information contained in these materials or presented orally,
either in prepared remarks or in response to questions, may
contain forward-looking statements. Actual results could differ
materially from those contemplated by the forward-looking
statements. For more information, we direct you to our 2023
Annual Management Discussion and Analysis (MD&A) and slide 32
of this presentation.
This presentation uses the terms EBITDA, Adjusted EBITDA,
Adjusted income or Adjusted earnings per share, and Free Cash
Flow. These items are non-GAAP measures that do not have any
standardized meaning prescribed by GAAP and therefore unlikely
to be comparable to similar measures presented by other
companies. These measures represent the amounts that are
attributable to Methanex Corporation and are calculated by
excluding the impact of certain items associated with specific
identified events. Refer to slide 27 of this presentation as well
as Additional Information - Non-GAAP Measures in the Company’s
2023 Annual MD&A for reconciliation in certain instances to the
most comparable GAAP measures.
All currency amounts are stated in United States dollars.
2

Methanex is the world’s largest producer and supplier
of methanol to major international markets
3
~12%
Market Share
9
Operating
Plants
6
Production
Sites
1,450+
Employees
Competitive advantage
Safe, sustainable, and secure supply.
Underpinned by our global integrated
supply chain with dedicated shipping
fleet and global production network.
Adjusted EBITDA Production Average Realized Price (ARP)
TSX
MX
Strategy
We create value through our
leadership in the global
production, marketing and delivery
of methanol to customers.
NASDAQ
MEOH
Safety is the top priority
We are committed to the
highest standard of safety
and sustainability.
2019
2020
2021
2022
2023
2019
2020
2021
2022
2023
2019
2020
2021
2022
2023
$622M
$932M
6.6 mmt
6.1 mmt
$333/MT
$397/MT

Growing cash flow
capability
4
Well-positioned in
the transition to a
low-carbon economy
Disciplined
capital allocation
strategy
Sustainable
competitive advantage
from integrated global
capabilities
Leader in an industry
with a positive
long-term outlook
Leading market share in an
industry with a supportive
cost curve that needs new
supply to meet growing
demand, safety focused,
growing global production
footprint, flexible cost
structure, integrated global
supply chain, and top tier
customers.
Cash flow capability
significantly enhanced with the
advantaged Geismar 3 (G3)
plant.
Integrated global supply
chain supported by global
production network, regional
sales offices and 32 vessels
managed by our majority
owned Waterfront Shipping
subsidiary.
Our competitive advantage
of safe, sustainable and
reliable supply is the
foundation of our long-term
relationships with top tier
global customers.
•Leading market share,
global production footprint
and integrated global supply
chain
Advantaged global position with
dedicated teams focused on
innovative opportunities for
existing assets and new projects
to support the transition to the
low-carbon economy.
The G3 plant will be one of the
lowest CO2 emissions intensity
plants in the world at <0.3
tonnes of CO2/tonne of
methanol.
Disciplined balance
sheet strategy which balances
profitable growth and
shareholder distributions over
a range of methanol prices.
From 2013 to 2023 we have
returned ~$2.4B to
shareholders and invested
~$4.1B into the business.
Why Invest?

Safety + reliability
Continuous improvement
of safety performance and
production reliability.
Focused on delivering value-generating initiatives in a safe and reliable way
Strategic Priorities for the Business
Executing our
feedstock strategy
Achieve economic gas
contracts to enable
increased production
from assets in Chile,
New Zealand and
Trinidad.
Advancing
sustainability
initiatives
Invest resources to
evaluate the feasibility
of technologies to
produce low and zero
carbon methanol to
capitalize on increasing
customer demand.
Capital allocation
Balanced approach of
maintaining the business
(maintenance capital and
debt repayment), pursuing
profitable growth and
returning excess cash to
shareholders through a
sustainable dividend and
flexible share buybacks.

Global production capacity across 6 production sites
Operating
capacity
(mmt)1
Number
of plants2
Gas
supply
Medicine Hat, Canada
0.60 1 Fixed price contract
Geismar, USA
4.0 3
Financial hedges, fixed price
contracts, and spot market
Damietta, Egypt
0.63 1 Methanol price linked contract
Trinidad and Tobago
1.96 2 Methanol price linked contract
New Plymouth, New Zealand
1.72 2
Methanol price linked
contracts
Punta Arenas, Chile
1.70 2
Methanol price linked
contracts
10.6 11
1 Annual operating capacity reflects, among other things, average expected plant outages, turnarounds and average age of the facility’s catalyst. Actual production for a
facility in any given year may be higher or lower than operating capacity due to several factors, including natural gas composition or the age of the facility’s catalyst.
Methanex’s share shown for Trinidad (Atlas 63%) and Egypt (50%). Geismar operating capacity includes G3 which produced first methanol in late July 2024.
2 The Titan plant in Trinidad are currently idled due to natural gas availability. On October 13, 2023, announced that we have signed a two-year natural gas agreement with
the National Gas Company of Trinidad and Tobago for our wholly owned Titan methanol plant (875,000 tonnes per year capacity) to restart operations in September 2024.
Simultaneously, we announced our intention to idle the Atlas methanol plant (Methanex interest 63.1% or 1,085,000 tonnes per year capacity) in September 2024, when its
legacy 20-year natural gas agreement expires.
Total
6
Production Sites
Global Office Locations
Distribution Terminals and Storage Facilities
Shipping Lanes
Beijing
Seoul
Tokyo
Hong Kong
Shanghai
Vancouver
Medicine Hat
Dallas
Geismar
Trinidad
Santiago
Punta Arenas
New Plymouth
Dubai
Cairo
Damietta
Brussels

A leading global pure-play
methanol producer
Industry leadership is
core to our strategy and
strong performance
Source: Methanex
Estimated industry market share 2023
Valenz (Proman)
Sabic
Yankuang
Huayi
Zagros
MGC
Petronas
Methanex
~12%
Scale and flexibility enables Methanex to
be the supplier of choice and attract and
retain customers around the world
Ability to optimize global sourcing plans
while delivering product safely and reliably
Support the expansion of the methanol
market by advocacy, new market
development and product stewardship
Unique global position as the only supplier
with well-established production and sales
in all major regions
7
Methanex
is the
market
leader

Strong free cash flow conversion over a range of methanol prices
8
$500
$850
$1,175
$1,525
$175
$450
$725
$1,025
$300 $350 $400 $450
Adjusted EBITDA Free Cash Flow
Adjusted EBITDA1 and Free cash flow2 capability to equity
holders ($M) at average realized methanol prices ($/MT)
Refer to slide 32 for footnote details. Updated in January 2024.
Financial obligations to get to
free cash flow:
• Debt service
• Lease payments
• Sustaining capital
• Taxes
Free Cash Flow
Conversion
35%
53%
62%
67%
Run rate production of 8.3 mmt:
Based on 2024 production guidance and full
year production from G3, Titan, and Egypt.

Investing in industry-leading, secure, reliable
supply from a global network of plants is a
fundamental driver of long-term success
Sustainable competitive advantage
from integrated global capabilities
Responsible Care®
Network of production sites to supply every
major global market
Fleet of 32 dedicated ocean vessels with 19
dual-fuel vessels that can run on methanol
Extensive integrated global supply chain
and distribution network
In-region customer service to quickly
respond to customer needs
Sharing of best practices and expertise with
other industry members
Industry leading customers
Industry leading customers
9

10
Geismar 3: Industry-leading
plant with strong cash flow
generation capability
Project highlights
Our new 1.8 mmt methanol plant
is located adjacent to the existing
G1 and G2 plants in Geismar,
Louisiana. First methanol was
successfully produced in late July
2024 and the plant is in the
process of ramping up to full rates.
It will be one of the lowest CO2
emissions intensity plants at
<0.3 tonnes of CO2/tonne of
methanol which is more than 5
times lower than a coal-
based methanol plant.
The project has had exceptional
safety performance and budget
management. G3 will generate
strong cash flow at a variety of
methanol prices.
G3 Potential Adjusted EBITDA
At various Methanol and gas prices
Range based on Henry Hub gas prices between $3-5/mmbtu.
2023 dollars. Methanol prices are average realized prices.

Methanex | The Global Methanol Leader | Investor Presentation
11
Global methanol demand and supply dynamics
2023 global methanol demand of ~91 mmt; demand expected to grow at ~3.5% CAGR or +17 mmt over next five years
North America/Latin America
Demand
10%
Production
20%
Europe (including Russia)
Demand
12%
More than
50% of
production
from Russia
Production
7%
Main
production
hubs in US
Gulf Coast
and Trinidad
Middle East/Africa
Demand
4%
Over 70% of
production
from Iran
(~40%) and
Saudi Arabia
(~30%)
Production
22%
China
Demand
60%
Production
46%
~85% of
production
from coal-
based plants
Asia Pacific
Demand
14%
Production
5%
Production
mainly from
New Zealand
and Malaysia
Source: OPIS (Chemical Market Analytics) World Analysis based on 2022 production and demand figures.

Methanol is difficult to substitute
based on its unique chemistry,
scale, ease of transport and cost
12
Essential building block used in formaldehyde
and acetic acid to make raw materials for
building and automotive parts, paints, paper,
plastics, pharmaceuticals and silicone products.
Methanol
FEEDSTOCK
Traditional
Energy
MTO
Traditional chemical
applications expected
to grow with GDP
Energy-related
applications have
significant
demand upside
Methanol-to-Olefins
(MTO) demand is
expected to be stable
Used in Methyl tert-butyl ether (MTBE)
for blending in gasoline, in Dimethyl
ether (DME) to replace liquified petroleum gas
(LPG), and in the production of biodiesel.
A cleaner burning fuel for kilns, cooking stoves,
boilers, and cars and heavy trucks in China.
Emerging demand from methanol as a marine
fuel.
Comprised of ~15 plants in China with capacity to
consume ~20 mmt of methanol. Economics for
each plant varies depending on downstream
integration.
Operating rates have been resilient through
methanol and olefin price cycles.
of global methanol
demand
Over
55%
of global methanol
demand
of global methanol
demand
Over
30%
Over
15%
*Green Feedstocks
Including: renewable
natural gas, biomass,
renewable electricity.
Coal
~40%
Natural Gas
~59%
2023 DEMAND ~91 MMT
<1%*

2023 was the first year that orders for dual-fuel methanol ships outpaced
orders for LNG-powered ships; based on the current order book by the
end of 2029 there will be over300methanol ships on the water. Our
majority owned Waterfront Shipping subsidiary who pioneered the
methanol engine has 19dual-fuelmethanolships.
Biomethanol and e-methanol are two of the few fuels that can qualify
as a green fuel under EU regulations.
CHEMICAL APPLICATIONS
VEHICLE FUEL AND FUEL ADDITIVES
MARINE FUEL
Methanex sells low-carbon methanol from
Geismar into traditional chemical applications
in Europe today and is in discussions with
other chemical customers about supporting
their decarbonization goals.
There are ~30,000 M100 sedans and ~4,000
heavy duty trucks running on methanol in
China helping to reduce air pollution. Geely,
the manufacturer, has significant growth
plans for its heavy duty truck fleet to further
reduce air pollution in inland China.
13
Growing Markets for
Methanol
Demand for conventional and
low-carbon methanol continues
to grow across a variety of
applications
M100

Cleaner burning, proven technology, easily transportable with existing
infrastructure, and cost competitive
Momentum is growing for methanol as a marine fuel
14
1 Sulphur oxides (SOx),
Nitrogen oxides (NOx)
Methanol is a cleaner-
burning fuel and can reduce
SOx and particulate matter
emissions by more than
95%, and NOx by up to 80%
compared to conventional
marine fuels.1
Green methanol can help
the shipping industry meet
IMO targets of reducing
carbon intensity.
Methanex and MOL
completed the first-ever
net-zero voyage fuelled by
bio-methanol produced in
Geismar in 2023.
Methanex is in discussions
with multiple shipping
companies to provide
methanol as a marine
fuel.
Multiple fuels needed to
support the marine industries
decarbonization goals.
Adoption of methanol is
gaining momentum as it is
a proven technology, available
at more than 125 of the
world’s largest ports and is
safe and easy to store and
handle.
>80%
Reductionin air emissions from
combustion
1st
Completedfirst-ever net-zerovoyage
in 2023fuelledby bio-methanol
producedin Geismar.
400 mmt+
Total marine fueldemandin
methanolequivalent.Other fuels will
be requiredto meetthis demand.

Firm capacity additions unlikely to meet growing
demand in the mid-term
New capacity additions
Besides G3, limited firm capacity addition
expected in the Atlantic market. Firm
additions outside the Atlantic include a 1.8
mmt plant in Malaysia and plants in Iran and
China.
New capacity is needed to meet demand
growth; greenfield projects typically take 4 to
5 years from FID to commercial production.
Mid-term methanol price outlook
Higher methanol prices and tight market
conditions supported by:
• Growing methanol demand
• Structural industry supply challenges
• Supportive energy prices
Source: OPIS (Chemical Market Analytics) World Analysis, Fall 2023 Update.
*Capacity calculated on a pro-rata basis depending on the actual start-up timing. Firm capacity additions not
sufficient to meet forecasted demand, operating rate improvements required.
15
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
2022 2023 2024 2025 2026 2027 2028
Estimated Methanol Industry Net Capacity Additions
US Iran China Others Firm Capacity Addition

0 10 20 30 40 50 60 70 80 90
Global production (million tonnes)
Competitive position on attractive industry cost curve
Illustrative methanol industry cost curve
($/tonne)
Methanex assets competitive across a wide range
of methanol prices due to position on cost curve
Marginal producers on the high end of cost curve
are high-cost coal producers and natural gas
producers in China
High energy prices shifting cost curve higher
Global energy shortages and higher energy prices
have shifted the cost curve and provide firm
methanol price support
Global
methanol
demand
16

Methanol demand growth expected
to outpace capacity additions in the
mid-term requiring operating rates
to increase; structural operating
rate limits make this challenging
Structural operating rate limits impacting over
50% of global capacity
China – impacted by feedstock availability and
environmental restrictions
Iran – new plants have consistently run on an
intermittent basis due to technical issues and
natural gas constraints in the winter
Trinidad + Europe – impacted by feedstock
economics
Factors impacting operating rates
• Feedstock availability and higher energy prices
• Technical issues
• Geopolitical challenges
• Environmental restrictions Source: OPIS (Chemical Market Analytics) World Analysis, Fall 2023 Update. Operating rate
excludes hypothetical capacity that OPIS builds into forecast to balance the market
~3.5% CAGR or +17 mmt
demand growth over next five years
17
56%
58%
60%
62%
64%
66%
68%
70%
72%
74%
76%
78%
0
20
40
60
80
100
120
140
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Operating
rate
MMT
Global methanol demand Operating rate required to balance the market

Methanol’s role in the low-carbon economy
Conventional methanol reduces air pollution and GHG emissions; methanol from renewable sources can support long-term decarbonization
18
REFORMING REFORMING CARBON CAPTURE
& STORAGE REFORMING GASIFICATION/
REFORMING
BROWN METHANOL GREY METHANOL BIO-METHANOL
PRODUCTION
PROCESS
METHANOL TYPE
FEEDSTOCKS COAL NATURAL
GAS
NATURAL
GAS BIOMASS
RENEWABLE
NATURAL GAS
METHANEX TODAY FIRST PRODUCED AT
GEISMAR IN 2020 EXPLORING
FEASIBILITY STUDY
GREEN METHANOL
CO2 INTENSITY HIGHER CARBON INTENSITY LOWER CARBON INTENSITY
ELECTROLYSIS
RENEWABLE
ELECTRICITY
FEASIBILITY STUDY
SYNGAS SYNGAS BLUE HYDROGEN SYNGAS SYNGAS
BLUE METHANOL E-METHANOL
Long-term solutions focused, with options today
NON-BIOGENIC CO2 BIOGENIC CO2
GREEN HYDROGEN
Pathways we are exploring
<0.3 mmt
~0 mmt
~35 mmt (China only) ~55 mmt
PRODUCTION

Range of current capital and production
costs for different forms of methanol
USD $/tonne of methanol*
Price response required
to incentivize new
low-carbon methanol
production
Source: 2021 Irena Report and internal estimates. * Exchange rate used USD 1 = EUR 0.9
Average (10-year real)
methanol price trading
range $390/MT
$1,013
$455
Bio-methanol
< USD $6-15/GJ
feedstock cost
$1,620
$820
E-methanol
– CO2 from combined
renewable source
E-methanol
– CO2 from direct
air capture only
$2,380
$1,120
$550
$400
Carbon Capture
Greenfield
(Blue Methanol)
$450
$350
Greenfield
Conventional
We expect government policies and
regulations to lead to increased investment
and demand for low and zero carbon
methanol. Greater production of lower or
zero carbon methanol can be incentivized
through various means including customers'
willingness to pay a higher price and new
technology that reduce production costs.
The cost for lower emission methanol is
expected to decrease as technologies mature
and become scalable.
19

Embedding sustainability:
from strategy to action1
1. For a full list of our sustainability commitments
see our 2023 Sustainability Report
2. By 2030 from 2019 levels
Continuously improve our resource
management performance to reduce
environmental impact
Continuously improve our personal and process
safety performance with the goal of Zero Harm
Protecting
people and the
environment
Embed a culture of equity and inclusion
that enhances diversity across the
company and strengthens the
connection with our communities.
Fostering inclusion
and community
connection
Reduce Scope 1 and Scope 2 GHG emission
intensity by 10%2
Invest in low-carbon methanol solutions
Advancing
solutions for a
low-carbon
future
20
Solutions focused and committed
to continual improvement COMMITMENTS
COMMITMENT
COMMITMENTS

Plan to further explore the
feasibility of e-methanol
specifically at our Geismar,
U.S., and Damietta Egypt
sites in 2024.
Providing solutions for the emerging low-carbon market supports our strategy of global methanol leadership
Reducing emissions and exploring paths to low-carbon methanol
21
E-methanol
Production
Exploring opportunities and
conducting feasibility studies to
use renewable electricity to
produce green hydrogen and
combine this with industrial or
biogenic CO₂ from third parties to
produce e-methanol.
Reduced-intensity
Expansion Projects
The G3 plant will have one of
the lowest emission intensity
profiles in the industry.
Estimated G3 intensity of <0.30
tonnes of CO₂/tonne of
methanol, which will lower our
average emissions intensity.
Entered into an agreement with
Entropy to invest in a Pre-FEED
study for CCUS deployment at
Methanex’s Medicine Hat
facility with a target capture of
400 metric tonnes of CO₂ per
day.
Certified by the ISCC to produce
bio-methanol in Geismar,
enabling sales to European fuel
customers under the
Renewable Energy Directive II
(RED II).
Renewable Natural
Gas
Using renewable natural gas
or biomass in a conventional
methanol process results in a
form of green methanol
called bio-methanol.
Low Carbon
Projects
Invested close to $1 million on
feasibility studies for carbon
capture and storage (CCS) in
2023, which allowed us to refine
the potential scope and increase
certainty around key assumptions
required to progress a project
into Pre-FEED (Preliminary Front
End Engineering and Design).
Efficiency
Projects
For the last three years, Methanex
has systematically identified,
evaluated and implemented
efficiency and emissions reduction
projects. In 2023, invested more
than $15 million of capital into
energy efficiency and reliability
projects with GHG reduction
benefits at existing sites.
The upgrades from projects
completed in 2022 and 2023
will help avoid ~60,000
tonnes CO₂ e per year.

Fixed + variable manufacturing
and G&A costs
Costs include people, utilities (oxygen, CO2,
power, etc.), and other operating costs
Our flexible-cost structure enables us to provide secure supply to our customers and create value throughout the cycle
Focused cost discipline
Natural gas
Flexible cost structure as
approximately 60% of our natural
gas supply contracts are linked to
methanol prices:
• North America: target ~70%
of current natural gas
requirements under fixed
price contracts or financial
hedges.
• Rest of world: natural gas
price varies based on
methanol prices which
enables assets to be
competitive across a wide
range of methanol prices
1. Natural gas prices vary with methanol pricing.
Percentage of cost structure based on a mid-cycle or
$350/MT ARP price.
Logistics
Fleet of 32 vessels
supplemented with short-
term COA vessels and spot
vessel shipments
Integrated supply chain
allows benefit of back-haul
shipments
Network of owned and
leased terminals worldwide
Various in-region logistics
capabilities including
barge, rail, truck and
pipeline
Logistics costs vary based on
oil/bunker fuel prices
Logistics
~ 25%
Other
~ 25%
Natural gas
~50%1
22

Consistent capital allocation
priorities balancing growth
and shareholder returns
23
Maintain our business
Maintain financial flexibility
and operate assets reliably
with sustaining capital of
~$150M. Increase financial
resiliency by repaying the
$300M in December 2024.
Profitable growth
Pursue value accretive
conventional and low-carbon
growth opportunities which
will enhance cash flow
generation capability
Shareholder distributions
Strong track record of returning
excess cash to shareholders.
Returned ~$2.4B since 2013
through dividend and share
repurchases
To manage cyclicality and maintain a strong
and flexible balance sheet we:
1. Target higher cash balances: maintain a
minimum of $300M cash
2. Target lower leverage: target 2.5x
debt/adjusted EBITDA at $350/tonne
average realized price; next debt maturity in
December 2024 ($300M) which we plan to
retire
3. Continue shareholder distributions: return
excess cash to shareholders through a
sustainable dividend and greater weighting
on flexible share buybacks.

$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
$0
$200
$400
$600
$800
$1,000
$1,200
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
$/tonne
$M
Capital investments (LHS)
Shareholder distributions (LHS)
Methanol price (RHS)
Strong financial position
24
300
700 700
300
2023 2024 2025 2026 2027 2028 2029 … … … 2044
Shareholder distributions include dividend and share buybacks.
Debt maturity profile ($m)
Targeting investment grade leverage metrics
Next debt maturity in December 2024 ($300m) which we plan to retire.
Moody’s
Ba1
Excellent Liquidity Position
Target a minimum of $300
million cash balance
Strong liquidity and well-balanced debt maturities Consistent track record of balanced capital investment
and shareholder distributions
Fitch
BB+
S&P
BB
Credit Ratings
Target 2.5x debt/adjusted EBITDA
at $350/MT average realized
methanol price.
Since 2013 we have returned ~$2.4B to shareholders
and ~$4.1B spend on capital investments
Methanex Share of Cash (as of 30 June 2024)
$390M

25
Growing cash
flow capability
with G3 plant
Well-positioned
in the transition
to a low-carbon
economy
Disciplined
capital
allocation
strategy
Sustainable
competitive
advantage from
integrated global
capabilities
Leader in an
industry with
a positive
long-term
outlook
Why Invest?

2024 Modeling Information
Financial profile (Methanex share)
~$145M
Lease Payments
~$95M
Debt Service
Gas cost structure
1. $50/MT change in average realized price (ARP) impacts portfolio gas cost/MT by ~$7.
2. Average realized price is calculated as revenue divided by the total sales volume.
~35 mmbtu/MT
Portfolio efficiency
~$4.00/mmbtu1
Avg. gas cost at $400/MT with Henry Hub
forward curve of ~$3.50/mmbtu
25%
Americas
20%
Europe
35%
China
20%
Asia Pacific
(ex. China)
Sales mix
2024 Capital expenditures
~$115M
CAPEX includes
pre-spending for
2025 turnarounds
~70%
target gas hedge position in North America
~50%
Gas costs linked to Average Realized Price (ARP)2
~$395M
Depreciation + Amortization
~25%
Effective tax rate
~$150M
Run-rate
sustaining
CAPEX 2025+
2024E Production
1
Turnaround in
Q2 2024
~7.0 mmt
equity production
26
~$30M
Remaining
G3 CAPEX (cash basis)
assuming $1.3B budget

Forward-looking statements
More particularly andwithout limitation, any statements regarding the following are
forward-looking statements:
• expected demand for methanol, including demand for methanol energy uses,
and its derivatives,
• expected new methanol supply or restart of idled capacity and timing for
start-up of the same,
• expected shutdowns (either temporary or permanent) or restarts of existing
methanol supply (including our own facilities), including, without limitation,
the timing and length of planned maintenance outages,
• expected methanol and energy prices,
• expected levels of methanol purchases from traders or other third parties,
• expected levels, timing and availability of economically priced natural gas
supply to each of our plants,
• capital committed by third parties towards future natural gas exploration
and development in the vicinity of our plants,
• our expected capital expenditures and anticipated timing and rate of return
of such capital expenditures,
• anticipated operating rates of our plants,
• expected operating costs, including natural gas feedstock costs and logistics
costs,
• expected tax rates or resolutions to tax disputes,
• the timing of the closing of the sale of a minority interest in our Waterfront
Shipping subsidiary,
• expected cash flows, cash balances, earnings capability, debt levels and share
price,
• availability of committed credit facilities and other financing,
• our ability to meet covenants associated with our long-term debt obligations,
including, without limitation, the Egypt limited recourse debt facilities that
have conditions associated with the payment of cash or other distributions,
• our shareholder distribution strategy and expected distributions to
shareholders,
• commercial viability and timing of, or our ability to execute future projects,
plant restarts, capacity expansions, plant relocations or other business
initiatives or opportunities, including our Geismar 3 Project,
• our financial strength and ability to meet future financial commitments,
• expected global or regional economic activity (including industrial production
levels) and GDP growth, and
• expected outcomes of litigation or other disputes, claims and assessments,
• expected actions of governments, governmental agencies, gas suppliers,
courts, tribunals or other third parties.
Having in mind these and other factors, investors and other readers are cautioned not to place undue reliance on forward-looking statements.
They are not a substitute for the exercise of one’s own due diligence and judgment. The outcomes implied by forward-looking statements may
not occur and we do not undertake to update forward-looking statements except as required by applicable securities laws.
However, forward-looking statements, by their nature, involverisks and uncertainties that
could cause actual results to differ materially from those contemplatedby the forward-
looking statements. The risks and uncertainties primarily include thoseattendant with
producing and marketing methanol andsuccessfully carrying out major capital expenditure
projects in various jurisdictions, including, without limitation:
• conditions in the methanol and other industries including fluctuations in the
supply, demand and price for methanol and its derivatives, including demand for
methanol for energy uses,
• the price of natural gas, coal, oil and oil derivatives,
• our ability to obtain natural gas feedstock on commercially acceptable terms to
underpin current operations and future production growth opportunities,
• the ability to carry out corporate initiatives and strategies,
• actions of competitors, suppliers and financial institutions,
• conditions within the natural gas delivery systems that may prevent delivery of our
natural gas supply requirements,
• our ability to meet timeline and budget targets for the Geismar 3 Project,
including the impact of any cost pressures arising from labour costs,
• the signing of definitive agreements and the receipt of regulatory and other
customary approvals in respect of the sale of a minority interest in our Waterfront
Shipping subsidiary,
• competing demand for natural gas, especially with respect to any domestic needs
for gas and electricity,
• actions of governments and governmental authorities, including, without
limitation, implementation of policies or other measures that could impact the
supply of or demand for methanol or its derivatives,
• changes in laws or regulations,
• import or export restrictions, anti-dumping measures, increases in duties, taxes
and government royalties and other actions by governments that may adversely
affect our operations or existing contractual arrangements,
• world-wide economic conditions, and
• other risks described in our 2023 Annual MD&A and Second Quarter 2024 MD&A.
We believethat we have a reasonablebasis for making suchforward-looking
statements. The forward-looking statements in this document are basedon our
experience, our perception of trends, current conditions and expected future
developments as well as other factors. Certain material factors or assumptions
wereapplied in drawing the conclusions or making the forecasts or projections
that are included in theseforward-looking statements, including, without
limitation, future expectations andassumptions concerning the following:
• the supply of, demand for and price of methanol, methanol derivatives,
natural gas, coal, oil and oil derivatives,
• our ability to procure natural gas feedstock on commercially acceptable
terms,
• operating rates of our facilities,
• receipt or issuance of third-party consents or approvals or governmental
approvals related to rights to purchase natural gas,
• the establishment of new fuel standards,
• operating costs, including natural gas feedstock and logistics costs, capital
costs, tax rates, cash flows, foreign exchange rates and interest rates,
• the availability of committed credit facilities and other financing,
• the expected timing and capital cost of our Geismar 3 Project,
• global and regional economic activity (including industrial production
levels) and GDP growth,
• absence of a material negative impact from major natural disasters,
• absence of a material negative impact from changes in laws or regulations,
• absence of a material negative impact from political instability in the
countries in which we operate, and
• enforcement of contractual arrangements and ability to perform
contractual obligations by customers, natural gas and other suppliers and
other third parties.
This presentation, our Second Quarter 2024 Management’s Discussion and Analysis ("MD&A") as well as comments made during the Second Quarter 2024 investor conference call contain forward-looking statements with respect to us and our industry. These
statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. Statements that include the words "believes," "expects," "may," "will," "should," "potential," "estimates,"
"anticipates," "aim," "goal", "targets", "plan," "predict" or other comparable terminology and similar statements of a future or forward-looking nature identify forward-looking statements.
27

29
Methanol demand applications
Applications % of global demand1 End uses
Traditional
chemical
applications
Formaldehyde ~26%
Used as wood adhesive for plywood, particleboard and other engineered wood products
Also used as raw material for a variety of building and automotive products
Acetic acid ~9%
Used to produce a wide variety of products including adhesives, paper, paint, plastics, resins,
solvents, pharmaceuticals and textiles
Other traditional ~17%
Used to produce a wide range of products including adhesives, coatings, plastics, film, textiles,
paints, solvents, paint removers, polyester resins/fibers, silicone products
Energy-related
applications
Methyl tert-butyl
ether (MTBE)
~11%
Used as an oxygenate blending into gasoline to contribute octane and reduce the amount of harmful
exhaust emissions from motor vehicles
Fuel applications ~9%
Used as an alternative cleaner-burning fuel for transportation, industrial boilers and kilns, and
cooking stoves
Dimethyl ether
(DME )
~6%
A clean-burning fuel that is used as a substitute for liquified petroleum gas (LPG) for household
cooking and heating. Can be used as a clean-burning substitute for diesel fuel in transportation
Biodiesel ~5% A renewable fuel made from plant oils or animal fats that uses methanol in the production process
Methanol-to-
Olefins
Methanol-to-
olefins (MTO)
~17%
Used as an alternative feedstock to produce light olefins (ethylene and propylene) to produce
various everyday products used in packaging, textiles, plastic parts/containers and auto components
Source: OPIS (Chemical Market Analytics) World Analysis, Fall 2023 Update

Chemicals value chain
30
BASE CHEMICALS AND INTERMEDIATES
FEEDSTOCKS
CRUDE
OIL
(REFINERY)
NAPHTHA
(FRACTIONATOR)
LPG
ETHANE
PROPANE
BUTANE
SYNGAS
TOLUENE
XYLENE
BENZENE
BUTADIENE
PROPYLENE
PHENOL/ACETONE
EPOXIES/RESINS
POLYSTYRENE
POLYESTER
NYLON
POLYURETHANES
ACRYLICS
POLYPROPYLENE
ELASTOMERS/ABS
ACRYLIC FIBERS
EVA/ACETYLS
VAM
EDC/VCM/PVC
ETHYLENE GLYCOL
POLYETHYLENE
UREA/UAN
AMMONIA
DAP/MAP/PHOS
METHANOL
MTBE
CYCLOHEXANE
CUMENE
STYRENE
MDI/TDI
PTA
AMMONIA
METHANOL
ETHYLENE
PROPYLENE OXIDE
ACRYLONITRILE
ETHYLENE OXIDE
ACETIC ACID
ACETYLENE
NATURAL
GAS
COAL
SOLVENTS, INTERMEDIATE
PLASTICS, ADHESIVES, COATINGS
PACKAGING FOAM, INSULATION
CLOTHING, BOTTLES (PET), FABRIC
FABRIC, CARPET, AUTOMTIVE
FOAM INSULATION, FURNITURE, AUTO
COATINGS INGREDIENT, ADHESIVES
PLASTICS, PACKAGING, DURABLES
SYNTHETHIC RUBBER, PLASTICS
CLOTHING
ADHESIVES, COATINGS INGREDIENT
ADHESIVES, INTERMEDIATE
PLASTICS, CONSTRUCTION
COALANT/ANTIFREEZE, INTERMEDIATE
PLASTICS, PACKAGING, DURABLES
INTERMEDIATE, NITROGEN FERTILIZER
PHOSPHATE FERTILIZER (AG)
NITROGEN FERTILIZER (AG)
INTERMEDIATE, FUEL BLENDING
GASOLINE BLENDING
UREA/AN
PRODUCTS MARKETS/USES
BUTADIENE
PROPYLENE
ETHYLENE
AROMATICS
METHANOL
AMMONIA
OLEFINS
Source: UBS research report
FORMALDEHYDE

Ethylene
Polyethylene
Food packaging,
plastic bags
EDC PVC
Pipes, window
frames
Textile, bottles
Insulation cups,
models
EO MEG
Ethyl benzene Styrene
PET
Polystyrene
Propylene
Polypropylene
Food container,
bottles
ACN Synthetic rubbers
Household &
consumer goods
Building insulation,
bedding
Insulation cups,
models
PO Polyether polyols
Cumene Phenol
Polyurethane
Polycarbonates/
Phenolic resins
Methanol-to-olefins (MTO) value chain
• MTO production
mostly integrated with
downstream products
and subject to
downstream
alternative economics
• Degree of integration
means plants tend to
keep running
Synthesis
Gas
Methanol
Natural Gas or
Coal Feedstock
31

Qualities that give methanol the competitive edge
Methanol offers among the best volumetric energy densities of the mainstream alternatives.
Fuel only
Including storage system
Arrows show shifting energy
density when storage is required
CGH2: compressed gaseous hydrogen
CNG: compressed natural gas
H2 ambient: Hydrogen at ambient temperature
NMC: Lithium nickel manganese cobalt oxide
LH2 20.3 K: Liquified hydrogen at 20.3 kelvin
Comparison of gravimetric and volumetric storage density for fuels
Diesel
Synthetic Diesel
Gasoline
Biodiesel
Bioethanol
Methanol
Ammonia
NMC battery cell
Natural Gas
CNG 200 bar
Liquified Petroleum gas (LPG)
Liquified natural gas (LNG)
CGH2, 350 bar
H2 ambient
CGH2, 700 bar
LH2, 20.3 K
0 20 40 60 80 100 120 140
gravimetric energy density (MJ/kg)
Volumetric
energy
density
(MJ/I)
0
10
20
30
40
50
32
Source: DNV
In addition, as methanol is biodegradable, it opens up more storage options in some vessel types (i.e.
tank design, stored in ballast of Stena Germanica) reducing impact of lower energy density versus diesel.
Methanex | The Global Methanol Leader | Investor Presentation April 2024

Methanex has been there from the beginning, developing methanol as a marine fuel, and is well-positioned to
help transition the shipping industry to a low-carbon future.
Leading the shipping industry for over a decade
2013
First series
of dual-fuel
vessels ordered
Advancing methanol marine
fuel technology since 2013.
Engine design & development
Early investor in CRI
2015
Stena Line &
Wartsila collabo
ration on 1st
methanol ferry
2016
WFS 1st gen
dual-fuel vessels
launched (7)
Continuously
demonstrating the
feasibility of
methanol as a marine
fuel since 2016.
2019
WFS 2nd gen
dual-fuel vessels launched (4)
100,000+ hours achieved
2020
IMO
guidelines
approved
2021
WFS
3rd gen
dual-fuel
vessels (2)
World's first
barge-to-ship
bunkering
2022
WFS 3rd gen dual-fuel vessels (5)
2023
200,000+ hours
achieved
WFS 3rd gen
dual-fuel vessels (1)
World's first
ship-to-ship bunkering
World's first methanol
net-zero voyage
2024
Fastwater project
ISCC-certification for bio-methanol production
33
2017-18
World's first
methanol
fishing vessel
piloted in China
Cajun Sun
Creole Sun
~130+ methanol vessels
operating or on order
Multiple methanol engine providers sign on
Methanex | The Global Methanol Leader | Investor Presentation April 2024

The first move advantage
When it comes to structural competitiveness versus alternative maritime fuels, methanol comes out on top for
engine development, infrastructure, and regulations.
Feedstock
availability
Fuel
production
Fuel storage
logistics and
bunkering
Onboarding
energy storage
& fuel
conversion
Onboard
safety and fuel
management
Vessel
emissions
Regulation &
certification
E-ammonia
Blue ammonia
E-methanol
Bio-methanol
E-methane
Bio-methane
e-diesel
Bio oils
The Fuel Pathway Maturity Map presents
an overview of the readiness for the
various alternative fuel pathways at each
step in the maritime industry value chain
As it stands today none of the alternative
fuel pathways are free of barriers across
all value chain steps
MATURE
Solutions are available, none
or marginal barriers identified
SOLUTIONS IDENTIFIED
Solutions exist, but there are some
challenges on e.g maturity and availability
MAJOR CHALLENGES
Solutions are not developed or lack
specification
Source: Maersk McKinney Moller Center
34 Methanex | The Global Methanol Leader | Investor Presentation April 2024

Illustrative Adjusted EBITDA and free
cash flow capabilities assumptions
(non-GAAP measures)
1 Note that Adjusted EBITDA and Free cash flow are forward-
looking non-GAAP measures that do not have any standardized
meaning prescribed by GAAP and therefore, are unlikely to
be comparable to similar measures presented by other
companies. For historical Adjusted EBITDA, refer Additional
Information - Non-GAAP Measures in the Company’s 2023
Annual MD&A . For historical Free cash flow, refer to footnote
3.
2 Adjusted EBITDA is a forward-looking non-GAAP measure and
reflects Methanex’s proportionate ownership interest. We
target to hedge ~70% of our North American natural gas
requirements. The unhedged portion of our North American
natural gas requirements are purchased under contracts at
spot prices. Estimates assume Henry Hub natural gas price of
~$3.50/mmbtu based on near-term forward curve.
3 Free cash flow is a forward-looking non-GAAP measure and
reflects Methanex’s proportionate ownership interest. Free
cash flow is presented after lease payments, cash interest
(based on current debt levels), debt service, maintenance
capital, estimated cash taxes and other cash payments. Various
factors such as rising/declining methanol prices, planned and
unplanned production outages, production mix, changes in tax
rates, and other items that can impact actual Free cash
flow. Incremental free cash flow from G3 is presented with
zero cash tax due to the significant tax shelter available to it.
Free cash flow, both historical and forward-looking, is useful as
it provides a measure of our cashflow generation capability and
differs from the most comparable GAAP measure,
Increase (decrease) in cash and cash equivalents, as it is
adjusted to include out proportional share of the Atlas joint
venture cashflows and to exclude the non-controlling interests’
share of Egypt and Waterfront Shipping, with dividends and
repurchase of shares added back. This non-GAAP measure
does not have any standardized meaning prescribed by GAAP
and therefore, is unlikely to be comparable to a similar
measure presented by other companies.
APPENDIX
35

Investor Relations
T: 604 661 2600
invest@methanex.com
www.methanex.com
linkedin.com/company/methanex-corporation
@Methanex
36

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