Alpek de CV : updates 2018 Consolidated Guidance; EBITDA increased to U.S. $750 million
July 19, 2018 at 09:32 am EDT
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Alpek updates 2018 Consolidated Guidance;
EBITDA increased to U.S. $750 million
Monterrey, Mexico. July 19, 2018 - Alpek, S.A.B. de C.V. announced today an update of its 2018 Consolidated
Guidance, based on better-than-expected year-to-date results and the outlook for the remainder of the year. The revised figures include the estimated contribution of PetroquímicaSuape and Citepe (Suape/Citepe) to Volume,
Sales and EBITDA. The new 2018 Consolidated Guidance considers an average Brent crude oil price of U.S. $71 per barrel versus the previous estimate of U.S. $57 per barrel. The new 2018 EBITDA Guidance includes a negative impact of U.S. $23 million in inventory losses and non-recurring legal expenses during the second half of the year, compared with a U.S. $31 million net gain accumulated as of June 30, 2018.
New
Previous
Amount
Change %
Amount
Change %
(vs. 2017)
(vs. 2017)
Volume (Ktons)
4,615
15
4,135
3
Sales (Million)
U.S. $ 6,825
30
U.S. $ 5,413
3
EBITDA(1) (Million)
U.S. $ 750
95
U.S. $ 569
48
(1) EBITDA equals Consolidated Operating Income plus Depreciation, Amortization and Impairment of Non-Current Assets.
About Alpek:
Alpek is a leading petrochemical company operating two business segments: "Polyester" (PTA, PET and polyester fibers), and "Plastics & Chemicals" (polypropylene, expandable polystyrene, caprolactam, and other specialty and industrial chemicals). Alpek is an integrated producer of PTA and PET in North America, the largest expandable polystyrene manufacturer in the Americas, and the only producer of caprolactam in Mexico. Alpek also operates one of the largest polypropylene facilities in North America. In 2017, Alpek reported revenues of U.S. $5.2 billion and EBITDA of U.S. $384 million. The Company operates 26 plants in the United States, Mexico, Canada, Brazil, Argentina and Chile, and employs more than 5,900 people. Alpek is a publicly traded company listed on the Mexican Stock Exchange.
For further information: Hernán F. Lozano Investor Relations Officer Alpek, S.A.B. de C.V.
+52 (81) 8748-1146hlozano@alpek.com
ir@alpek.comwww.alpek.com
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Alpek SAB de CV published this content on 19 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 July 2018 13:31:06 UTC
Alpek SAB de CV is a Mexico-based company engaged in the chemicals sector. The Company's activities are divided into two business segments: Polyester and Plastics & Chemicals. The Polyester division focuses on the manufacture and distribution of purified terephthalic acid (PTA), polyethylene terephthalate (PET) and polyester fiber. The Plastics & Chemicals division is responsible for the production of polypropylene (PP), expandable polystyrene (EPS), caprolactam (CPL), ammonium sulfate, as well as specialty and industrial chemicals, such as surfactants, ethoxilates, glycoethers and desemulsionates. The Company's products are used in a range of industries, including consumer goods, food and beverages, automotive, construction, agriculture, oil and gas, as well as pharmaceuticals. It operates a number of production plants in the Americas. The Company is controlled by Alfa SAB de CV.
ALPEK, S.A.B. DE C.V. 
