Q2 2026 Alpek SAB de CV Earnings Call Transcript
Key Points
- Alpek SA (ALPKF) reported a significant year-over-year increase in comparable EBITDA by 169%, reaching $336 million.
- The company successfully generated $127 million in operating free cash flow, supported by higher EBITDA and strategic capital allocation.
- Alpek SA (ALPKF) improved its leverage ratio to 2.2 times, reducing net debt by $103 million, accelerating its deleveraging path ahead of schedule.
- The company raised its 2026 EBITDA guidance, reflecting a stronger first-half performance and a more resilient operating and financial position.
- Alpek SA (ALPKF) achieved a 31% conversion rate of earnings into cash, demonstrating its ability to reliably convert earnings into cash flow.
- The Middle East conflict continued to impact global supply, leading to trade disruptions and higher ocean freight costs.
- Market volatility is expected in the near term due to the current geopolitical environment, which could affect margins and freight costs.
- Alpek SA (ALPKF) does not expect to resume dividend payments in 2026, prioritizing financial flexibility and maintaining a strong balance sheet.
- The company faces underlying overcapacity in the petrochemicals and polymer industries, which could impact future margins.
- Alpek SA (ALPKF) is still waiting for the outcome of ongoing tariff investigations in the United States, which could affect trade conditions.
Hi, everyone. We appreciate your interest in Alpek and your participation in this webcast to review our second quarter results. I'm Alejandra Bustamante, IR Director. 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. Alpek undertakes no obligation to update these statements. We express our financial results in US dollars unless otherwise specified. For your convenience, this webcast is being recorded and will be available in the Investor Center section of our website.
Today's agenda is as follows: Jorge will begin with a quarterly overview. Next, Rodrigo will discuss our financial performance in greater detail. Then Jorge will delve into outlook for the remainder of the year and revised guidance figures. And finally, following management's remarks, we will be happy to take your
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