<SEC-DOCUMENT>0001628280-20-006477.txt : 20200505
<SEC-HEADER>0001628280-20-006477.hdr.sgml : 20200505
<ACCEPTANCE-DATETIME>20200505170446
ACCESSION NUMBER:		0001628280-20-006477
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200331
FILED AS OF DATE:		20200505
DATE AS OF CHANGE:		20200505

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			METHANEX CORP
		CENTRAL INDEX KEY:			0000886977
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20115
		FILM NUMBER:		20849845

	BUSINESS ADDRESS:	
		STREET 1:		1800 WATERFRONT CENTER
		STREET 2:		200 BURRARD STREET
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			00000
		BUSINESS PHONE:		6046847500

	MAIL ADDRESS:	
		STREET 1:		1800 WATERFRONT CENTER
		STREET 2:		200 BURRARD STREET
		CITY:			VANCOUVER BC CANADA
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a2020q1-xxdocument.htm
<DESCRIPTION>6-K - Q1 2020
<TEXT>
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<div><a name="sDE73432E2D3E5556BCE3B640A7AFB8A2"></a></div><div style="line-height:140%;padding-top:5px;text-align:center;font-size:18pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:18pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:140%;text-align:center;font-size:18pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:140%;text-align:center;font-size:12pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:12pt;font-weight:bold;">WASHINGTON, D.C. 20549</font></div><div style="line-height:140%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:35.08771929824561%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:140%;padding-top:16px;text-align:center;font-size:18pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:18pt;font-weight:bold;">FORM 6-K</font></div><div style="line-height:140%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:35.08771929824561%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:140%;padding-top:16px;text-align:center;font-size:12pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:12pt;font-weight:bold;">REPORT OF FOREIGN PRIVATE ISSUER</font></div><div style="line-height:140%;text-align:center;font-size:12pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:12pt;font-weight:bold;">PURSUANT TO RULE 13a-16 OR 15d-16</font></div><div style="line-height:140%;text-align:center;font-size:12pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:12pt;font-weight:bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></div><div style="line-height:140%;padding-top:16px;text-align:center;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">FOR THE MONTH OF MAY 2020 </font></div><div style="line-height:140%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:35.08771929824561%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:140%;padding-top:16px;text-align:center;font-size:24pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:24pt;font-weight:bold;">METHANEX CORPORATION</font></div><div style="line-height:140%;text-align:center;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">(Registrant&#8217;s name)</font></div><div style="line-height:140%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:35.08771929824561%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:140%;padding-top:16px;text-align:center;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">SUITE 1800, 200 BURRARD STREET, VANCOUVER, BC V6C 3M1 CANADA</font></div><div style="line-height:140%;text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(Address of principal executive offices)</font></div><div style="line-height:140%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:35.08771929824561%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:140%;text-align:center;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</font></div><div style="line-height:140%;text-align:center;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:center;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Form&#160;20-F&#160;&#160;</font><font style="font-family:Wingdings;font-size:9.5pt;">&#168;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;Form&#160;40-F&#160;&#160;</font><font style="font-family:Wingdings;font-size:9.5pt;">&#253;</font></div><div style="line-height:140%;text-align:center;font-size:9.5pt;"><font style="font-family:Wingdings;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule&#160;12g3-2(b) under the Securities Exchange Act of 1934.</font></div><div style="line-height:140%;text-align:center;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:center;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Yes&#160;&#160;</font><font style="font-family:Wingdings;font-size:9.5pt;">&#168;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No&#160; &#160;</font><font style="font-family:Wingdings;font-size:9.5pt;">&#253;</font></div><div style="line-height:140%;text-align:center;font-size:9.5pt;"><font style="font-family:Wingdings;font-size:9.5pt;"><br></font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule&#160;12g3-2(b): 82&#160;</font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><hr style="page-break-after:always"><div><a name="sE56F44E19FE35C009E57D05C2FC143CA"></a></div><div><br></div><div style="line-height:140%;text-align:center;font-size:36pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:60%;"></td><td style="width:40%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:36pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:36pt;font-style:italic;font-weight:bold;">NEWS RELEASE</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;"><img src="mx_logoa07.jpg" alt="mx_logoa07.jpg" style="height:54px;width:136px;"></div><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Methanex Corporation</font></div><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1800 - 200 Burrard St.</font></div><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Vancouver, BC Canada  V6C 3M1</font></div><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Investor Relations: (604) 661-2600</font></div><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;color:#0000ff;text-decoration:underline;">www.methanex.com</font><font style="font-family:Optima;font-size:8pt;font-style:italic;">&#160;</font></div></td></tr></table></div></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">For immediate release </font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">May&#160;5, 2020</font></div><div style="line-height:174%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">METHANEX REPORTS FIRST QUARTER 2020 RESULTS AND PROVIDES BUSINESS UPDATE </font></div><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Records net income attributable to Methanex shareholders of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">$23 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and Adjusted EBITDA of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">$138 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Global methanol demand declined by 7% in the first quarter due to COVID-19 pandemic and sharply lower oil price environment</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Safely maintained plant operations and global supply chain to provide secure and reliable methanol supply to customers </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Strong liquidity position with $823 million in cash on balance sheet </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Taking proactive steps to further strengthen balance sheet and preserve liquidity</font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Except where otherwise noted, all currency amounts are stated in United States dollars.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">VANCOUVER, BRITISH COLUMBIA - For the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, Methanex (TSX:MX) (NASDAQ:MEOH) reported net income attributable to Methanex shareholders of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$23 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;(</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$0.21</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;net income per common share on a diluted basis) compared to net income of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$9 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;(</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$0.12</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;net income per common share on a diluted basis) in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. Adjusted EBITDA for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;was </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$138 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and Adjusted net income was </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$8 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;(</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$0.10</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Adjusted net income per common share). This compares with Adjusted EBITDA of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$136 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and Adjusted net income of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$10 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;(</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$0.13</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Adjusted net income per common share) for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;padding-bottom:4px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">First Quarter Results</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">In the first quarter of 2020, we estimate that global methanol demand declined by approximately 7% compared to the fourth quarter of 2019. The decline was due to impacts from the COVID-19 pandemic combined with a sharply lower oil price environment.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Adjusted EBITDA we recorded in the first quarter of 2020 was similar to the fourth quarter of 2019 and reflects a higher average realized price, partially offset by slightly lower sales volume of Methanex-produced methanol. In addition, the Company's fourth quarter 2019 Adjusted EBITDA results benefited from a $25 million insurance recovery, reflecting our 50% share in the Egypt facility, associated with the production outage experienced in Egypt in 2019. Adjusted EBITDA for the first quarter of 2020 includes an additional $5 million insurance recovery for the final settlement, reflecting our 50% share in the Egypt facility. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;padding-bottom:4px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Business Update</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">John Floren, President and CEO of Methanex, commented, &#8220;We are navigating extraordinary times as the COVID-19 pandemic has created unprecedented turmoil and uncertainty in people&#8217;s lives and in the global economy. Our number one priority is the safety of our employees, contractors and communities where we do business. Fortunately, our team is safe and healthy.&#8221;</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8220;Our manufacturing operations have not been impacted by local government restrictions and we are able to operate in all of our plant locations. We have moved to minimum staffing levels at our manufacturing sites and the majority of our employees are working remotely. Our operations and global supply chain are running effectively and have not been significantly impacted by COVID-19." </font></div><div><br></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:100%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER NEWS RELEASE&#160;&#160;&#160;&#160;PAGE 1</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">"I want to thank our team members around the world for their tremendous dedication and agility. I am incredibly proud of our team who are safely producing methanol, with a limited number of people on site, and managing our global supply chain to deliver secure and reliable supply to our customers, mostly working remotely.&#8221;</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Given the considerable uncertainty we face, we are planning for a wide range of scenarios, including ones in which we see a deeper and more prolonged reduction in methanol demand and low prices, while positioning ourselves to deliver long-term value when global markets recover. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We have taken a number of steps to protect our business in this environment:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:48px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Idled our Titan plant in Trinidad and Chile IV plant to respond to lower methanol demand;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:48px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Deferred approximately $500 million in capital spending on the Geismar 3 project for up to 18 months; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:48px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Reduced 2020 maintenance capital spending by $30 million; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:48px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Increased financial flexibility through a $436 million draw on our credit facilities; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:48px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Reduced our quarterly dividend by 90%, which represents approximately $100 million in annualized cash savings.</font></div></td></tr></table><div style="line-height:140%;padding-top:4px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;padding-top:4px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">In addition, we are working with our banking partners to obtain flexibility on certain financial covenants of our existing $300 million committed revolving credit facility and $800 million non-revolving construction facility. We have agreed on key parameters with our lead bank and are working with the other members of the bank syndicate to finalize these changes to the credit facilities, which is expected in the second half of May.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We ended the quarter with a strong liquidity position of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$823 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;in cash on the balance sheet. We have no near-term debt maturities. As we navigate this challenging environment, we are focused on cash preservation and continue to evaluate all capital and operating spending.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;padding-bottom:4px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Outlook</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We expect methanol demand to be lower in the second quarter compared to the first quarter due to the impact of COVID-19 and a low oil price environment. It is not possible to accurately predict the degree of the impact at this stage as the full extent and duration of the COVID-19 pandemic and low oil price environment is uncertain.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Mr. Floren, President and CEO of Methanex, concluded, &#8220;We anticipate that the coming months will be challenging and expect the negative impact of COVID-19 and low oil prices will be significant in the second quarter of 2020. As a result, we expect our financial results in the second quarter will be lower than the first quarter. We remain focused on operating our plants safely and reliably, delivering secure and reliable supply to our customers and protecting our balance sheet during this very uncertain time.&#8221;</font></div><div style="line-height:120%;padding-bottom:4px;padding-top:36px;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">FURTHER INFORMATION</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The information set forth in this news release su</font><a style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;color:#000000;text-decoration:none;" href="#sE56F44E19FE35C009E57D05C2FC143CA"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;color:#000000;text-decoration:none;">mmari</font></a><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">zes Methanex's key financial and operational data for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. It is not a complete source of information for readers and is not in any way a substitute for reading the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Management&#8217;s Discussion and Analysis ("MD&amp;A") dated </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">May&#160;5, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and the unaudited condensed consolidated interim financial statements for the period ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, both of which are available from the Investor Relations section of our website at </font><a style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;" href="#"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">www.methanex.com</font></a><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. The MD&amp;A and the unaudited condensed consolidated interim financial statements for the period ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;are also available on the Canadian Securities Administrators' SEDAR website at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;color:#0000ff;text-decoration:underline;">www.sedar.com</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and on the United States Securities and Exchange Commission's EDGAR website at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;color:#0000ff;text-decoration:underline;">www.sec.gov</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font></div><div style="line-height:120%;padding-bottom:12px;padding-top:36px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:12px;padding-top:36px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:100%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER NEWS RELEASE&#160;&#160;&#160;&#160;PAGE 2</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:100%;padding-top:40px;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">FINANCIAL AND OPERATIONAL DATA</font></div><div style="line-height:140%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:61%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions except per share amounts and where noted)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Production (thousands of tonnes) (attributable to Methanex shareholders)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,007</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,124</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,808</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Sales volume (thousands of tonnes)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Methanex-produced methanol</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,976</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,056</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,921</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Purchased methanol</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">548</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">623</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">473</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Commission sales</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">264</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">307</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;">Total sales volume </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,788</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,986</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,723</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;">Methanex average non-discounted posted price ($ per tonne) </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">2</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">325</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">307</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">392</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;">Average realized price ($ per tonne) </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">3</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">267</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">256</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">331</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Revenue </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">4</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">745</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">770</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">902</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted revenue </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">676</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">690</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">800</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted EBITDA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">138</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">136</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">194</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Cash flows from operating activities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">142</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">114</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">213</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">10</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">56</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Net income (attributable to Methanex shareholders)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">23</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income per common share </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.10</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.13</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.73</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Basic net income per common share </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.30</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Diluted net income per common share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.21</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.12</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.50</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Common share information (millions of shares)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Weighted average number of common shares</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">76</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Diluted weighted average number of common shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">76</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Number of common shares outstanding, end of period</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">76</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Methanex-produced methanol represents our equity share of volume produced at our facilities and excludes volume marketed on a commission basis related to the 36.9% of the Atlas facility and 50% of the Egypt facility that we do not own.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">2</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Methanex average non-discounted posted price represents the average of our non-discounted posted prices in North America, Europe and Asia Pacific weighted by sales volume. Current and historical pricing information is available at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;color:#0000ff;text-decoration:underline;">www.methanex.com</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">3</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Average realized price is calculated as revenue, excluding commissions earned and the Egypt non-controlling interest share of revenue, but including an amount representing our share of Atlas revenue, divided by the total sales volume of Methanex-produced and purchased methanol.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">4</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Revenue for the three months ended December 31, 2019 and March 31, 2019 have been restated as compared to revenue reported in our quarterly MD&amp;A and condensed quarterly financial statements issued for 2019 based on a restatement for the recognition of revenue on Atlas-produced methanol.</font></div></td></tr></table><div style="line-height:125%;text-align:justify;padding-left:12px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:125%;text-align:justify;padding-left:12px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:100%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER NEWS RELEASE&#160;&#160;&#160;&#160;PAGE 3</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:125%;text-align:justify;padding-left:12px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">A reconciliation from net income attributable to Methanex shareholders to Adjusted net income and the calculation of Adjusted net income per common share is as follows:</font></div><div style="line-height:120%;text-align:left;text-indent:12px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.21428571428571%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:61%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="9" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions except number of shares and per share amounts)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Net income (attributable to Methanex shareholders)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">23</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mark-to-market impact of share-based compensation, net of tax</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(15</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">18</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">10</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">56</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Diluted weighted average shares outstanding (millions)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">76</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income per common share</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.10</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.13</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.73</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:12px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We recorded net income attributable to Methanex shareholders of $</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">23 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;during the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to net income of $</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">9 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;in the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">Net income attributable to Methanex shareholders for the first quarter of 2020 includes a final insurance recovery of $4 million (Methanex share, net of tax) in addition to the $18 million (Methanex share, net of tax) recorded in the fourth quarter related to the 2019 Egypt outage. Excluding insurance recoveries, net income attributable to Methanex shareholders increased for the first quarter of 2020 compared to the fourth quarter of 2019 due to the change relating to mark-to-market share-based compensation, higher average realized methanol prices, partially offset by lower sales of Methanex-produced methanol.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro;font-size:9.5pt;">We recorded Adjusted EBITDA of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">$138 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">for the</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">quarter of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">compared with</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">$136 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">for the</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">quarter of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">Adjusted EBITDA for the first quarter of 2020 includes a final insurance recovery of $5 million (Methanex share) in addition to the $25 million (Methanex share) recorded in the fourth quarter related to the 2019 Egypt outage. Excluding insurance recoveries, Adjusted EBITDA for the first quarter of 2020 is higher than the fourth quarter of 2019 primarily due to a higher average realized methanol price, partially offset by lower sales of Methanex-produced methanol.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro;font-size:9.5pt;">Adjusted net income was</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">$8 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;for the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">compared to Adjusted net income of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">$10 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;for the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">Adjusted net income includes a final insurance recovery of $4 million (Methanex share, net of tax) in the first quarter of 2020 adding to the $18 million (Methanex share, net of tax) recorded in the fourth quarter related to the 2019 Egypt outage. Excluding insurance recoveries, Adjusted net income for the first quarter of 2020 is higher than the fourth quarter of 2019 primarily due to a higher average realized price, partially offset by lower sales of Methanex-produced methanol.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro;font-size:9.5pt;">Total sales volume for the first quarter of 2020 was </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2,788,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes compared with </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2,986,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes for the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">Sales of Methanex-produced methanol were </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">1,976,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">tonnes in the</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">quarter of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">compared with</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2,056,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">in the</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">quarter of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">In the first quarter of 2020 total sales decreased by approximately 7% compared to the fourth quarter of 2019, in-line with the decrease in methanol industry demand, primarily attributable to the impact of COVID-19 and sharply lower oil price environment. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Production for the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;was </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2,007,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes compared with </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2,124,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes for the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">The decrease in production for the first quarter of 2020 was primarily a result of a small number of plant outages, partially offset by increased production at Geismar.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro;font-size:9.5pt;">In March 2020, we drew $300 million from our revolving credit facility and $136 million from our $800 million construction credit facility for the Geismar 3 project to increase our cash position and preserve financial flexibility. We ended the quarter with $823 million of cash on the balance sheet.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">During the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;we paid a </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">$0.36</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;per common share quarterly dividend to shareholders for a total of $27 million.</font></div></td></tr></table><div><br></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:100%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER NEWS RELEASE&#160;&#160;&#160;&#160;PAGE 4</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;padding-top:32px;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">PRODUCTION HIGHLIGHTS</font></div><div style="line-height:140%;padding-bottom:16px;padding-top:4px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:34%;"></td><td style="width:17%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Q1 2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Q4 2019</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Q1 2019</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">(thousands of tonnes)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Operating Capacity </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Production</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Production</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Production</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">New Zealand </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">2</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">550</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">443</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">513</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">437</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">USA (Geismar)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">500</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">530</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">480</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">405</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Trinidad (Methanex interest) </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">3</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">429</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">429</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Chile </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">430</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">319</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">373</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">241</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Egypt (50% interest)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">158</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">133</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">141</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Canada (Medicine Hat)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">150</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">153</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">151</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">155</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,288</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,007</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,124</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,808</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Operating capacity includes only those facilities which are currently capable of operating, but excludes any portion of an asset that is underutilized due to a lack of natural gas feedstock over a prolonged period of time. The operating capacity of our production facilities may be higher than original nameplate capacity as, over time, these figures have been adjusted to reflect ongoing operating efficiencies at these facilities. Actual production for a facility in any given year may be higher or lower than operating capacity due to a number of factors, including natural gas composition or the age of the facility's catalyst.</font><font style="font-family:Arial;font-size:7pt;">&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">2</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">The operating capacity of New Zealand is made up of the two Motunui facilities and the Waitara Valley facility. The New Zealand facilities are capable of producing up to 2.4 million tonnes annually, depending on natural gas composition and availability. In Q4 2019 we revised the Annual Operating Capacity from 2.4 million tonnes to 2.2 million tonnes based on the current outlook for available high CO</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:pt">2</sub></font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;natural gas.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt"> </sup>&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">3</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">The operating capacity of Trinidad is made up of the Titan (100% interest) and Atlas (63.1% interest) facilities</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">.</font></div></td></tr></table><div style="line-height:140%;padding-bottom:12px;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Key production and operational highlights during the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter include:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">New Zealand produced </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">443,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes compared with </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">513,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes in the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">Production was lower in the first quarter of 2020 compared to the fourth quarter of 2019 due to upstream gas maintenance resulting in lower gas deliveries to the plants and the Waitara Valley plant being offline for repairs until early February 2020. </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Based on our current contracted gas position, our production guidance for New Zealand is approximately 85% operating rates in 2020, or approximately 1.9 million tonnes annually.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Geismar produced </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">530,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes during the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">480,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes during the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. We achieved higher production in the first quarter of 2020 compared to the fourth quarter of 2019 as both plants operated well throughout the quarter, whereas in the fourth quarter of 2019 Geismar 2 experienced unplanned outages which decreased production.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Trinidad produced </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">429,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes (Methanex interest) compared with </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">456,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes in the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">Production in Trinidad is lower in the first quarter of 2020 compared to the fourth quarter of 2019 primarily due to the Titan plant being idled effective March 16, 2020. As of today, Titan remains idled and we anticipate lower production in Trinidad for the second quarter of 2020 compared to the first quarter of 2020 with only Atlas operating. </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Titan's interim gas supply agreement with the National Gas Company of Trinidad and Tobago Limited ("NGC") has expired and negotiations with the NGC for a longer-term natural gas supply agreement are continuing.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Chile facilities produced </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">319,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes during the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">373,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes during the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">Production for the first quarter of 2020 is lower compared to the fourth quarter of 2019 primarily due to a 45-day outage at the Chile IV plant during the quarter, while Chile I operated at high rates throughout the quarter. As of today, Chile IV remains idled and we anticipate lower production in Chile for the second quarter of 2020 compared to the first quarter of 2020 with only Chile I operating.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Egypt facility produced </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">266,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes (Methanex interest - </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">133,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes) in the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared with </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">302,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes (Methanex interest - </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">151,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes) in the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">Egypt production was lower in the first quarter of 2020 compared to the fourth quarter of 2019 due to a planned maintenance outage in February.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Medicine Hat produced </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">153,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes during the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">151,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes during the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font></div></td></tr></table><div><br></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:100%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER NEWS RELEASE&#160;&#160;&#160;&#160;PAGE 5</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;padding-bottom:8px;padding-top:36px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">CONFERENCE CALL</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">A conference call is scheduled for May 6, 2020 at 11:00 am ET (8:00 am PT) to review these </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter results. To access the call, dial the conferencing operator ten minutes prior to the start of the call at (416) 340-2216, or toll free at (800) 273-9672. A simultaneous audio-only webcast of the conference call can be accessed from our website at </font><a style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;" href="#"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">www.methanex.com</font></a><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and will also be available following the call. A playback version of the conference call will be available until May 22, 2020 at (905) 694-9451, or toll free at (800) 408-3053. The passcode for the playback version is 6730557#. </font></div><div style="line-height:140%;padding-bottom:8px;padding-top:32px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">ABOUT METHANEX</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Methanex is a Vancouver-based, publicly traded company and is the world&#8217;s largest producer and supplier of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Market in the United States under the trading symbol "MEOH".</font></div><div style="line-height:140%;padding-bottom:8px;padding-top:32px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">FORWARD-LOOKING INFORMATION WARNING</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">This </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;press release contains forward-looking statements with respect to us and the chemical industry. By its nature, forward-looking information is subject to numerous risks and uncertainties, some of which are beyond the Company's control. Readers are cautioned that undue reliance should not be placed on forward-looking information as actual results may vary materially from the forward-looking information. Methanex does not undertake to update, correct or revise any forward-looking information as a result of any new information, future events or otherwise, except as may be required by applicable law. Refer to </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Forward-Looking Information Warning</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Management's Discussion and Analysis for more information which is available from the Investor Relations section of our website at </font><a style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;" href="#"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">www.methanex.com</font></a><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, the Canadian Securities Administrators' SEDAR website at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;color:#0000ff;text-decoration:underline;">www.sedar.com</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and on the United States Securities and Exchange Commission's EDGAR website at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;color:#0000ff;text-decoration:underline;">www.sec.gov</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">.</font></div><div style="line-height:140%;padding-bottom:8px;padding-top:32px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">NON-GAAP MEASURES</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Company has used the terms Adjusted EBITDA, Adjusted net income (loss), Adjusted net income (loss) per common share, Adjusted revenue and operating income (loss) throughout this document. These items are non-GAAP measures that do not have any standardized meaning prescribed by GAAP. These measures represent the amounts that are attributable to Methanex Corporation shareholders and are calculated by excluding the mark-to-market impact of share-based compensation as a result of changes in our share price and the impact of certain items associated with specific identified events. Refer to </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Additional Information - Supplemental Non-GAAP Measures</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;on page </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">15</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;of the Company's MD&amp;A for the period ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;for reconciliations to the most comparable GAAP measures. Unless otherwise indicated, the financial information presented in this release is prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB").</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">-end-</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">For further information, contact:</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Kim Campbell</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Director, Investor Relations</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Methanex Corporation</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">604-661-2600</font></div><div><br></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:100%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER NEWS RELEASE&#160;&#160;&#160;&#160;PAGE 6</font></div></div><hr style="page-break-after:always"><div><a name="s885E9A09C92959E7A438E88C605DB577"></a></div><div><br></div><div style="line-height:140%;text-align:center;padding-left:2px;font-size:110pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.61013645224172%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:12%;"></td><td style="width:26%;"></td><td style="width:33%;"></td><td style="width:29%;"></td></tr><tr><td rowspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-top:1px solid #00000a;"><div style="text-align:center;font-size:110pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:110pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #00000a;"><div style="text-align:center;"><img src="mx_logoa07.jpg" alt="mx_logoa07.jpg" style="height:54px;width:136px;"></div></td><td rowspan="3" style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #00000a;"><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;font-weight:bold;">Share Information</font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">Methanex Corporation&#8217;s common shares are listed for trading on the Toronto Stock Exchange under the symbol MX and on the Nasdaq Global Market under the symbol MEOH.</font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;"><br></font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;"><br></font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;font-weight:bold;">Transfer Agents &amp; Registrars</font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">AST Trust Company (Canada)</font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">320 Bay Street </font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">Toronto, Ontario Canada M5H 4A6</font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">Toll free in North America: 1-800-387-0825</font></div></td><td rowspan="3" style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;font-weight:bold;">Investor Information</font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">All financial reports, news releases and corporate information can be accessed on our website at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;color:#0000ff;text-decoration:underline;">www.methanex.com</font><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">. </font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;"><br></font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;"><br></font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;font-weight:bold;">Contact Information</font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">Methanex Investor Relations</font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">1800 - 200 Burrard Street</font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">Vancouver, BC Canada V6C 3M1</font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">E-mail: invest@methanex.com</font></div><div style="font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">Methanex Toll-Free: 1-800-661-8851</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:1px;text-align:center;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Management's Discussion and Analysis for the <br>Three Months Ended <br>March 31, 2020</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:10pt;">At May 4, 2020 the Company had 76,196,080 common shares issued and outstanding and stock options exercisable for 1,427,779 additional common shares. </font></div></td></tr></table></div></div><div style="line-height:140%;padding-top:32px;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">FIRST</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">&#32;QUARTER MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS ("MD&amp;A")</font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Except where otherwise noted, all currency amounts are stated in United States dollars.</font></div><div><a name="sE7FFC123D807556A8E5C2926E21254D7"></a></div><div style="line-height:120%;padding-bottom:12px;padding-top:36px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Business Update (COVID-19)</font></div><div style="line-height:140%;padding-bottom:12px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">In response to the COVID-19 pandemic and resulting decrease in oil prices we have taken the following measures to strengthen the business:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">In March 2020, we announced the idling of the Titan plant in Trinidad and the Chile IV plant, both for an indefinite period. As of today, Titan and Chile IV remain idled and as a result we anticipate lower production for the second quarter of 2020 compared to the first quarter of 2020. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We announced the deferral of approximately $500 million of the planned capital budget for the Geismar 3 project for up to 18 months, putting the project on temporary care and maintenance. We anticipate continuing to invest approximately $200 million over the coming 18 months while the project is in temporary care and maintenance. The Geismar 3 project is a 1.8 million tonne methanol plant under construction in Geismar, Louisiana adjacent to our Geismar 1 and Geismar 2 plants. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We are taking additional steps to strengthen our balance sheet and preserve liquidity through working with our banking partners to obtain flexibility on certain financial covenants in our $300 million revolving credit facility and $800 million non-revolving construction facility. We have agreed on key parameters with the lead bank and are working with the other members of the bank syndicate to finalize these changes to the credit facilities, which is expected in the second half of May. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">In April, the Board of Directors approved the reduction of our quarterly dividend by 90%, representing approximately $100 million in annualized cash savings.</font></div></td></tr></table><div style="line-height:140%;padding-bottom:12px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Additionally, we have deferred $30 million of our 2020 planned maintenance capital spending, where prudent and without compromising safety, and will continue to evaluate all capital and operating spending as we navigate this challenging environment. </font></div><div style="line-height:140%;padding-bottom:12px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 1</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;padding-bottom:12px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">FINANCIAL AND OPERATIONAL HIGHLIGHTS</font></div><div style="line-height:100%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:135%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:135%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">A reconciliation from net income attributable to Methanex shareholders to Adjusted net income and the calculation of Adjusted net income per common share is as follows:</font></div></td></tr></table><div style="line-height:135%;text-align:left;text-indent:12px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.34146341463415%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:61%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="9" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions except number of shares and per share amounts)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Net income (attributable to Methanex shareholders)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">23</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mark-to-market impact of share-based compensation, net of tax</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(15</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">18</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">10</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">56</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Diluted weighted average shares outstanding (millions)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">76</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income per common share </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.10</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.13</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.73</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup></font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;font-style:italic;">&#32;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">The Company has used the terms Adjusted EBITDA, Adjusted net income, Adjusted net income per common share, Adjusted revenue and operating income throughout this document. These items are 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.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;Refer to </font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;font-style:italic;">Additional Information - Supplemental Non-GAAP Measures</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;on page </font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">15</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;of the MD&amp;A for reconciliations to the most comparable GAAP measures. </font></div></td></tr></table><div style="line-height:140%;padding-top:8px;text-align:justify;padding-left:12px;text-indent:-12px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We recorded net income attributable to Methanex shareholders of $</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">23 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;during the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to net income of $</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">9 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;in the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of 2019. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">Net income attributable to Methanex shareholders for the first quarter of 2020 includes a final insurance recovery of $4 million (Methanex share, net of tax) in addition to the $18 million (Methanex share, net of tax) recorded in the fourth quarter related to the 2019 Egypt outage. Excluding insurance recoveries, net income attributable to Methanex shareholders increased for the first quarter of 2020 compared to the fourth quarter of 2019 due to the change relating to mark-to-market share-based compensation, higher average realized methanol prices, partially offset by lower sales of Methanex-produced methanol.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro;font-size:9.5pt;">We recorded Adjusted EBITDA of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">$138 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">for the</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">quarter of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">compared with</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">$136 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">for the</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">quarter of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">Adjusted EBITDA for the first quarter of 2020 includes a final insurance recovery of $5 million (Methanex share) in addition to the $25 million (Methanex share) recorded in the fourth quarter related to the 2019 Egypt outage. Excluding insurance recoveries, Adjusted EBITDA for the first quarter of 2020 is higher than the fourth quarter of 2019 primarily due to a higher average realized methanol price, partially offset by lower sales of Methanex-produced methanol.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro;font-size:9.5pt;">Adjusted net income was</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">$8 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;for the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">compared to Adjusted net income of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">$10 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;for the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">Adjusted net income includes a final insurance recovery of $4 million (Methanex share, net of tax) in the first quarter of 2020 adding to the $18 million (Methanex share, net of tax) recorded in the fourth quarter related to the 2019 Egypt outage. Excluding insurance recoveries, Adjusted net income for the first quarter of 2020 is higher than the fourth quarter of 2019 primarily due to a higher average realized price, partially offset by lower sales of Methanex-produced methanol.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro;font-size:9.5pt;">Total sales volume for the first quarter of 2020 was </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2,788,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes compared with </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2,986,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes for the fourth quarter of 2019. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">Sales of Methanex-produced methanol were </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">1,976,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">tonnes in the</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">quarter of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">compared with</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2,056,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">in the</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">quarter of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">In the first quarter of 2020 total sales decreased by approximately 7% compared to the fourth quarter of 2019, in-line with the decrease in methanol industry demand, primarily attributable to the impact of COVID-19 and sharply lower oil price environment. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Production for the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;was </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2,007,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes compared with </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2,124,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes for the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">The decrease in production for the first quarter of 2020 was primarily a result of a small number of plant outages, partially offset by increased production at Geismar.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Refer to the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Production Summary</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;section on page </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">5</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;of the MD&amp;A. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro;font-size:9.5pt;">In March 2020, we drew $300 million from our revolving credit facility and $136 million from our $800 million construction credit facility for the Geismar 3 project to increase our cash position and preserve financial flexibility. We ended the quarter with $823 million of cash on the balance sheet.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#9642;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">During the </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;we paid a </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">$0.36</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;per common share quarterly dividend to shareholders for a total of $27 million.</font></div></td></tr></table><div style="line-height:140%;padding-bottom:12px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 2</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;padding-bottom:12px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Outlook</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We expect methanol demand to be lower in the second quarter compared to the first quarter due to the impact of COVID-19 and a low oil price environment. It is not possible to accurately predict the degree of the impact at this stage as the full extent and duration of the COVID-19 pandemic and low oil price environment is uncertain.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We anticipate that the coming months will be challenging and expect the negative impact of COVID-19 and low oil prices will be significant in the second quarter of 2020. As a result, we expect our financial results in the second quarter will be lower than the first quarter. We remain focused on operating our plants safely and reliably, delivering secure and reliable supply to our customers and protecting our balance sheet during this very uncertain time.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">This </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">First</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Quarter </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Management&#8217;s Discussion and Analysis dated </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">May&#160;5, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;for Methanex Corporation ("the Company") should be read in conjunction with the Company&#8217;s unaudited condensed consolidated interim financial statements for the period ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;as well as the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Annual Consolidated Financial Statements and MD&amp;A included in the Methanex </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Annual Report. </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Unless otherwise indicated, the financial information presented in this</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;interim report </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">is prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB").</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;The Methanex </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Annual Report and additional information relating to Methanex is available on our website at </font><a style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;" href="#"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">www.methanex.com</font></a><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, the Canadian Securities Administrators' SEDAR website at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;color:#0000ff;text-decoration:underline;">www.sedar.com</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and on the United States Securities and Exchange Commission's EDGAR website at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;color:#0000ff;text-decoration:underline;">www.sec.gov</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 3</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sEAD6A57F31D25691A6DBAB6452795CC3"></a></div><div><br></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">FINANCIAL AND OPERATIONAL DATA</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">&#32;</font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:61%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions except per share amounts and where noted)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Production (thousands of tonnes) (attributable to Methanex shareholders)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,007</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,124</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,808</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Sales volume (thousands of tonnes)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Methanex-produced methanol</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,976</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,056</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,921</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Purchased methanol</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">548</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">623</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">473</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Commission sales</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">264</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">307</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;">Total sales volume </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,788</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,986</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,723</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;">Methanex average non-discounted posted price ($ per tonne) </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">2</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">325</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">307</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">392</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;">Average realized price ($ per tonne) </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">3</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">267</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">256</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">331</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Revenue </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">4</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">745</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">770</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">902</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted revenue </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">676</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">690</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">800</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted EBITDA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">138</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">136</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">194</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Cash flows from operating activities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">142</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">114</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">213</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">10</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">56</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Net income (attributable to Methanex shareholders)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">23</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income per common share </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.10</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.13</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.73</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Basic net income per common share </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.30</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Diluted net income per common share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.21</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.12</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.50</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Common share information (millions of shares)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Weighted average number of common shares</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">76</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Diluted weighted average number of common shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">76</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Number of common shares outstanding, end of period</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">76</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:20px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Methanex-produced methanol represents our equity share of volume produced at our facilities and excludes volume marketed on a commission basis related to the 36.9% of the Atlas facility and 50% of the Egypt facility that we do not own.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">2</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Methanex average non-discounted posted price represents the average of our non-discounted posted prices in North America, Europe and Asia Pacific weighted by sales volume. Current and historical pricing information is available at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;color:#0000ff;text-decoration:underline;">www.methanex.com</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">3</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Average realized price is calculated as revenue, excluding commissions earned and the Egypt non-controlling interest share of revenue, but including an amount representing our share of Atlas revenue, divided by the total sales volume of Methanex-produced and purchased methanol.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">4</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Revenue for the three months ended December 31, 2019 and March 31, 2019 have been restated as compared to revenue reported in our quarterly MD&amp;A and condensed quarterly financial statements issued for 2019 based on a restatement for the recognition of revenue on Atlas-produced methanol.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:pt"> </sup>&#160;</font></div></td></tr></table><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 4</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sBEEFB566695451DEA2E8E2C0D072E4EA"></a></div><div><br></div><div style="line-height:140%;padding-top:32px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">PRODUCTION SUMMARY </font></div><div style="line-height:140%;padding-bottom:16px;padding-top:4px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:34%;"></td><td style="width:17%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Q1 2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Q4 2019</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Q1 2019</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">(thousands of tonnes)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Operating Capacity </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Production</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Production</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Production</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">New Zealand </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">2</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">550</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">443</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">513</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">437</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">USA (Geismar)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">500</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">530</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">480</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">405</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Trinidad (Methanex interest) </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">3</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">429</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">429</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Chile </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">430</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">319</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">373</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">241</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Egypt (50% interest)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">158</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">133</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">141</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Canada (Medicine Hat)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">150</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">153</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">151</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">155</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,288</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,007</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,124</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,808</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Operating capacity includes only those facilities which are currently capable of operating, but excludes any portion of an asset that is underutilized due to a lack of natural gas feedstock over a prolonged period of time. The operating capacity of our production facilities may be higher than original nameplate capacity as, over time, these figures have been adjusted to reflect ongoing operating efficiencies at these facilities. Actual production for a facility in any given year may be higher or lower than operating capacity due to a number of factors, including natural gas composition or the age of the facility's catalyst.</font><font style="font-family:Arial;font-size:7pt;">&#160;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#160;&#160;&#160;&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">2</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">The operating capacity of New Zealand is made up of the two Motunui facilities and the Waitara Valley facility. The New Zealand facilities are capable of producing up to 2.4 million tonnes annually, depending on natural gas composition and availability. In Q4 2019 we revised the Annual Operating Capacity from 2.4 million tonnes to 2.2 million tonnes based on the current outlook for available high CO</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:pt">2</sub></font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;natural gas.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;(refer to the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;font-style:italic;">New Zealand</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;section below).</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt"> </sup>&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">3</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">The operating capacity of Trinidad is made up of the Titan (100% interest) and Atlas (63.1% interest) facilities</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;(refer to the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;font-style:italic;">Trinidad</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;section below).</font></div></td></tr></table><div style="line-height:140%;padding-bottom:12px;padding-top:36px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">New Zealand</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The New Zealand facilities produced </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">443,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes of methanol in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared with </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">513,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Production was lower in the first quarter of 2020 compared to the fourth quarter of 2019 due to upstream gas maintenance resulting in lower gas deliveries to the plants and the Waitara Valley plant being offline for repairs until early February 2020. </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Based on our current contracted gas position, our production guidance for New Zealand is approximately 85% operating rates in 2020, or approximately 1.9 million tonnes annually.</font></div><div style="line-height:140%;padding-bottom:12px;padding-top:32px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">United States</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Geismar facilities produced </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">530,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes during the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">480,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes during the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. We achieved higher production in the first quarter of 2020 compared to the fourth quarter of 2019 as both plants operated well throughout the quarter, whereas in the fourth quarter of 2019 Geismar 2 experienced unplanned outages which decreased production. </font></div><div style="line-height:140%;padding-bottom:12px;padding-top:32px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Trinidad</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Trinidad facilities produced </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">429,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes (Methanex interest) in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared with </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">456,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes (Methanex interest) in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Production in Trinidad is lower in the first quarter of 2020 compared to the fourth quarter of 2019 primarily due to the Titan plant being idled effective March 16, 2020. As of today, Titan remains idled and we anticipate lower production in Trinidad for the second quarter of 2020 compared to the first quarter of 2020 with only Atlas operating. </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Titan's interim gas supply agreement with the National Gas Company of Trinidad and Tobago Limited ("NGC") has expired and negotiations with the NGC for a longer-term natural gas supply agreement are continuing.</font></div><div style="line-height:140%;padding-bottom:12px;padding-top:32px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Chile</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Chile produced </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">319,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes during the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">373,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes during the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Production for the first quarter of 2020 is lower compared to the fourth quarter of 2019 primarily due to a 45-day outage at the Chile IV plant during the quarter, while Chile I operated at high rates throughout the quarter. As of today, Chile IV remains idled </font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 5</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">and we anticipate lower production in Chile for the second quarter of 2020 compared to the first quarter of 2020 with only Chile I operating.</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Looking beyond the impact of COVID-19, we expect that our current gas agreements will allow for a two-plant operation in Chile during the southern hemisphere summer months and up to a maximum of 75% of a two-plant operation annually in the near-term. The future of our Chile operations is primarily dependent on the level of natural gas exploration and development in southern Chile and our ability to secure a sustainable natural gas supply to our facilities on economic terms from Chile and Argentina. We are optimistic that we will be able to secure sufficient gas to underpin a full two-plant operation over the coming years.</font></div><div style="line-height:140%;padding-bottom:12px;padding-top:32px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Egypt</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Egypt facility produced </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">266,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes (Methanex interest - </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">133,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes) in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared with </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">302,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes (Methanex interest - </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">151,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes) in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Egypt production was lower in the first quarter of 2020 compared to the fourth quarter of 2019 due to a planned maintenance outage in February.</font></div><div style="line-height:140%;padding-bottom:12px;padding-top:32px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Canada</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Medicine Hat facility produced </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">153,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes during the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">151,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes during the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font></div><div><a name="sAFA0332A06745D43BF14D649F285E4C8"></a></div><div style="line-height:140%;padding-top:40px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">FINANCIAL RESULTS</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">For the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, we reported a net income attributable to Methanex shareholders of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$23 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;(</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$0.21</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;net income per common share on a diluted basis) compared with net income attributable to Methanex shareholders for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$9 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;(</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$0.12</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;net income per common share on a diluted basis). </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">For the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, we recorded Adjusted EBITDA of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$138 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and Adjusted net income of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$8 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;(</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$0.10</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Adjusted net income per common share). This compares with Adjusted EBITDA of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$136 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and Adjusted net income of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$10 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;(</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$0.13</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Adjusted net income per common share) for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We calculate Adjusted EBITDA and Adjusted net income (loss) by including amounts related to our equity share of the Atlas facility (63.1% interest) and by excluding the non-controlling interests' share, the mark-to-market impact of share-based compensation as a result of changes in our share price and the impact of certain items associated with specific identified events. Refer to </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Additional Information - Supplemental Non-GAAP Measures</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;on page </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">15</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;of the MD&amp;A for a further discussion on how we calculate these measures. Our analysis of depreciation and amortization, finance costs, finance income and other expenses and income taxes is consistent with the presentation of our consolidated statements of income and excludes amounts related to Atlas.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 6</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We review our financial results by analyzing changes in Adjusted EBITDA, mark-to-market impact of share-based compensation, depreciation and amortization, finance costs, finance income and other expenses and income taxes. A summary of our consolidated statements of income is as follows:</font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.90243902439025%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:61%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="9" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Consolidated statements of income:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Revenue </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">745</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">770</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">902</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Cost of sales and operating expenses </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;"><sup style="vertical-align:top;line-height:120%;background-color:#cceeff; font-size:pt">2</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(599</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(664</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(750</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Egypt insurance recovery</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">10</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">50</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mark-to-market impact of share-based compensation</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(18</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">22</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted EBITDA (attributable to associate)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">21</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">21</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">37</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;">Amounts excluded from Adjusted EBITDA attributable to non-controlling interests </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(21</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(42</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(17</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted EBITDA (attributable to Methanex shareholders) </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">138</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">136</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">194</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mark-to-market impact of share-based compensation</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">18</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(1</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(22</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Depreciation and amortization </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(90</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(88</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Finance costs </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(35</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(36</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(28</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Finance income and other expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Income tax expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(9</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(6</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(9</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;">Earnings of associate adjustment </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">3</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(19</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;">Non-controlling interests adjustment </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">3</sup></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">10</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">17</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Net income (attributable to Methanex shareholders)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">23</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Net income </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">34</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">34</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">46</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Revenue for the three months ended December 31, 2019 and March 31, 2019 have been restated as compared to revenue reported in our quarterly MD&amp;A and condensed quarterly financial statements issued for 2019 based on a restatement for the recognition of revenue on Atlas-produced methanol.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;</font></div></td></tr></table><div style="line-height:140%;padding-top:4px;text-align:justify;padding-left:12px;text-indent:-12px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">2</sup></font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;&#32;&#32;Cost of sales and operating expenses for the three months ended December 31, 2019 and March 31, 2019 have been restated as compared to cost of sales and operating expenses reported in our quarterly MD&amp;A and condensed quarterly financial statements issued for 2019 based on a restatement for the recognition of revenue on Atlas-produced methanol. </font></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">3</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">These adjustments represent depreciation and amortization, finance costs, finance income and other expenses and income taxes associated with our 63.1% interest in the Atlas methanol facility and the non-controlling interests.</font></div></td></tr></table><div style="line-height:140%;padding-top:48px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Adjusted EBITDA (attributable to Methanex shareholders)</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Our operations consist of a single operating segment - the production and sale of methanol. We review the results of operations by analyzing changes in the components of Adjusted EBITDA. For a discussion of the definitions used in our Adjusted EBITDA analysis, refer to </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">How We Analyze Our Business </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">on page </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">18</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;of the MD&amp;A. Changes in these components - average realized price, sales volume and total cash costs - similarly impact net income attributable to Methanex shareholders.</font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The changes in Adjusted EBITDA resulted from changes in the following:</font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:64%;"></td><td style="width:1%;"></td><td style="width:16%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:16%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Q1 2020<br>compared with<br>Q4 2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Q1 2020<br>compared with<br>Q1 2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Average realized price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">26</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(165</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Sales volume</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(8</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">13</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Total cash costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(16</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">96</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Increase (decrease) in Adjusted EBITDA</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(56</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 7</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;padding-top:28px;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;font-weight:bold;">Average realized price</font></div><div style="line-height:140%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:61%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ per tonne)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Methanex average non-discounted posted price</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">325</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">307</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">392</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Methanex average realized price</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">267</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">256</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">331</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Methanex&#8217;s average realized price for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;was </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$267</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;per tonne compared to </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$256</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;per tonne in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$331</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;per tonne in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, increasing Adjusted EBITDA by </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$26 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to the  </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and decreasing Adjusted EBITDA by </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$165 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to the the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. Our average realized price for the three months ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;increased compared to the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, reflecting an increase in average non-discounted posted prices, and decreased compared to the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;reflecting lower average non-discounted posted prices (refer to </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Supply/Demand Fundamentals </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">section on page </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">12</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;of the MD&amp;A for more information).</font></div><div style="line-height:140%;padding-bottom:8px;padding-top:28px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;font-weight:bold;">Sales volume</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Methanol sales volume excluding commission sales volume in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;was </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">155,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes lower than the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">130,000</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonnes higher than the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. The decrease in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, and the increase compared to the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;decreased Adjusted EBITDA by </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$8 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and increased Adjusted EBITDA by </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$13 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, respectively.</font></div><div style="line-height:140%;padding-bottom:8px;padding-top:28px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;font-weight:bold;">Total cash costs </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The primary drivers of changes in our total cash costs are changes in the cost of Methanex-produced methanol and changes in the cost of methanol we purchase from others ("purchased methanol"). We supplement our production with methanol produced by others through methanol offtake contracts and purchases on the spot market to meet customer needs and to support our marketing efforts within the major global markets.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We apply the first-in, first-out method of accounting for inventories and it generally takes between 30 and 60 days to sell the methanol we produce or purchase. Accordingly, the changes in Adjusted EBITDA as a result of changes in Methanex-produced and purchased methanol costs primarily depend on changes in methanol pricing and the timing of inventory flows. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">In a rising price environment, our margins at a given price are higher than in a stable price environment as a result of timing of methanol purchases and production versus sales. Generally, the opposite applies when methanol prices are decreasing.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:125%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The changes in Adjusted EBITDA due to changes in total cash costs were due to the following:</font></div><div style="line-height:140%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:64%;"></td><td style="width:1%;"></td><td style="width:16%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:16%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Q1 2020<br>compared with<br>Q4 2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Q1 2020<br>compared with<br>Q1 2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Methanex-produced methanol costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">22</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">66</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Proportion of Methanex-produced methanol sales</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Purchased methanol costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">34</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Logistics costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Egypt insurance recovery</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(20</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Other, net</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">7</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(Decrease) increase in Adjusted EBITDA due to changes in total cash costs</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(16</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">96</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 8</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Methanex-produced methanol costs</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Natural gas is the primary feedstock at our methanol facilities and is the most significant component of Methanex-produced methanol costs. We purchase natural gas for more than half of our production under agreements where the unique terms of each contract include a base price and a variable price component linked to methanol revenue to reduce our commodity price risk exposure. The variable price component of each gas contract is adjusted by a formula linked to methanol sales prices above a certain level. For the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared with the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, Methanex-produced methanol costs were lower by </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$22 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$66 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, respectively. Changes in Methanex-produced methanol costs for all periods presented are primarily due to the impact of changes in realized methanol prices impacting Methanex revenue and the variable portion of our natural gas cost and changes in the mix of production sold from inventory.</font></div><div style="line-height:140%;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Proportion of Methanex-produced methanol sales</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The cost of purchased methanol is directly linked to the selling price for methanol at the time of purchase and the cost of purchased methanol is generally higher than the cost of Methanex-produced methanol. Accordingly, an increase in the proportion of Methanex-produced methanol sales results in a decrease in our overall cost structure for a given period. For the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared with the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, a higher proportion of Methanex-produced methanol sales increased Adjusted EBITDA by </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$3 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. For the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, the lower proportion of Methanex-produced sales decreased Adjusted EBITDA by </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$7 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">.</font></div><div style="line-height:140%;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Purchased methanol costs</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Changes in purchased methanol costs for all periods presented are primarily a result of changes in methanol pricing and the timing of purchases sold from inventory.</font></div><div style="line-height:140%;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Logistics costs</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Logistics costs vary from period to period primarily depending on the levels of production from each of our production facilities and the resulting impact on our supply chain and due to variability in bunker fuel costs. Logistics costs in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;were higher compared with the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, by </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$9 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$9 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, respectively, decreasing Adjusted EBITDA. From January 2020, the introduction of new sulphur restrictions in bunker fuels by the International Maritime Organization (IMO 2020) increased bunker fuel prices primarily in January and February, after which bunker fuel prices fell sharply. Due to the absorption of ocean freight costs into inventory, the benefit of lower bunker fuel prices in March will not be realized until inventory in transit is sold through in the second quarter. </font></div><div style="line-height:140%;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Egypt insurance recovery</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We experienced an outage at the Egypt plant from April to August 2019. In the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, we recorded a $50 million ($25 million our share) insurance recovery which partially offsets repair costs charged to earnings and lost margins incurred in 2019. In the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, we recorded a further $10 million ($5 million our share) insurance recovery as a result of finalizing the claim. </font></div><div style="line-height:140%;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Other, net</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Other, net relates to unabsorbed fixed costs, selling, general and administrative expenses and other operational items. For the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared with the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, other costs were higher by </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$4 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, primarily due to the timing of stock-based compensation vesting expense which is weighted more heavily to the first two quarters of the year due to the specific terms of the arrangements resulting in $4 million higher selling, general and administrative expenses. Additionally, higher unabsorbed fixed costs at our manufacturing sites in the first quarter of 2020, were offset by lower spending for selling, general and administrative expenses. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">For the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared with the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, other costs were lower by </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$7 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, primarily due to lower unabsorbed fixed costs at our manufacturing sites in Chile and New Zealand and lower selling, general and administrative expenses. </font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 9</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;padding-top:28px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Mark-to-Market Impact of Share-based Compensation </font></div><div style="line-height:100%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We grant share-based awards as an element of compensation. Share-based awards granted include stock options, share appreciation rights, tandem share appreciation rights, deferred share units, restricted share units and performance share units. For all share-based awards, share-based compensation is recognized over the related vesting period for the proportion of the service that has been rendered at each reporting date. Share-based compensation includes an amount related to the grant-date value and a mark-to-market impact as a result of subsequent changes in the fair value of the share-based awards primarily driven by the Company&#8217;s share price. The grant-date value amount is included in Adjusted EBITDA and Adjusted net income. The mark-to-market impact of share-based compensation as a result of changes in our share price is excluded from Adjusted EBITDA and Adjusted net income and analyzed separately. </font></div><div style="line-height:120%;padding-top:4px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:61%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="9" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions except share price)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;font-style:normal;">Methanex Corporation share price</font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:#cceeff; font-size:pt">&#160;</sup></font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:#cceeff; font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">12.17</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38.63</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">56.86</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Grant-date fair value expense included in Adjusted EBITDA and Adjusted net income</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Mark-to-market impact due to change in share price </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;"><sup style="vertical-align:top;line-height:120%;background-color:#cceeff; font-size:pt">2</sup></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(18</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">22</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Total share-based compensation expense (recovery), before tax</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(12</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">28</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1      </sup></font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">US dollar share price of Methanex Corporation as quoted on the NASDAQ Global Market on the last trading day of the respective period. </font></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">2</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">For all periods presented, the mark-to-market impact on share-based compensation is primarily due to changes in the Methanex Corporation share price.</font></div></td></tr></table><div style="line-height:140%;padding-top:28px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Depreciation and Amortization</font></div><div style="line-height:100%;text-align:justify;text-indent:48px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Depreciation and amortization was </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$90 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared with $</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">88 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of 2019 and </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$85 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. Depreciation and amortization was higher for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;&#32;compared to the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;due primarily to higher depreciation on leased assets. </font></div><div style="line-height:140%;padding-top:28px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Finance Costs</font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:61%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="9" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Finance costs before capitalized interest</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">37</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">37</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">28</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Less capitalized interest</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Finance costs</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">35</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">36</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">28</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;padding-top:16px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Finance costs are primarily comprised of interest on borrowings and lease obligations. Finance costs are comparable for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of 2019, as new borrowings on the credit facilities occurred near the end of the current quarter. Finance costs are higher for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;as a result of increased borrowings entered into in the third quarter of 2019. Capitalized interest relates to interest costs capitalized for the Geismar 3 project. Refer to the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Liquidity and Capital Resources</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;section on page </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">13</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;of the MD&amp;A.</font></div><div style="line-height:140%;padding-top:28px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Finance Income and Other Expenses</font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:61%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="9" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Finance income and other expenses</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;padding-top:16px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The change in finance income and other expenses for all periods presented is primarily due to the impact of changes in foreign exchange rates and changes in interest income earned on cash balances.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 10</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s44D6823D08645FA990E359F2EFB85ACB"></a></div><div><br></div><div style="line-height:140%;padding-top:32px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Income Taxes </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">A summary of our income taxes for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;is as follows: </font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"></td></tr><tr><td style="width:35%;"></td><td style="width:1%;"></td><td style="width:14%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:14%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:14%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:14%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three months ended<br> March&#160;31, 2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Three months ended<br>  December&#160;31, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions except where noted)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Net Income</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Adjusted <br>Net Income</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Net Income</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted<br>Net Income</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Amount before income tax</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">43</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">17</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">40</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">14</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Income tax expense</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">34</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">34</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">10</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Effective tax rate</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">22</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">54</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">15</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">29</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td></tr></table></div></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:100%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We earn the majority of our income in New Zealand, Trinidad, the United States, Chile, Egypt and Canada. The statutory tax rate in Chile increased in 2020 from 35% to 44.5% as a result of recently enacted tax reform in that country increasing the applicable withholding tax rate on foreign distributions. In Trinidad the statutory tax rate is 35%. The statutory tax rate in New Zealand is 28%. In Canada, the statutory tax rate applicable to Methanex is currently 26.3% and will decrease to 25.6% over the next two years based on enacted legislation in Alberta. The Egypt statutory tax rate applicable to Methanex is 27.5% and the United States statutory tax rate applicable to Methanex is 23% . We accrue for taxes that will be incurred upon distributions from its subsidiaries when it is probable that the earnings will be repatriated. As the Atlas entity is accounted for using the equity method, any income taxes related to Atlas are included in earnings of associate and therefore excluded from total income taxes but included in the calculation of Adjusted net income. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The effective tax rate based on Adjusted net income was 54% for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;compared to </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">29%</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;on Adjusted net income for the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of 2019. The effective tax rate on Adjusted net income was higher in the first quarter of 2020 compared to the fourth quarter of 2019 primarily due to the increase in the statutory tax rate applicable in Chile, including the impact relating to the revaluation of deferred tax liabilities. Adjusted net income represents the amount that is attributable to Methanex shareholders and excludes the mark-to-market impact of share-based compensation and the impact of certain items associated with specific identified events. The effective tax rate differs from period to period depending on the source of earnings and the impact of foreign exchange fluctuations against the United States dollar on our tax balances. In addition, the effective tax rate is impacted by changes in tax legislation in the jurisdictions in which we operate. </font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 11</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s301FD150652B5E8D96B4830896AF171C"></a></div><div><br></div><div style="line-height:130%;padding-bottom:8px;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">SUPPLY/DEMAND FUNDAMENTALS </font></div><div style="line-height:140%;padding-bottom:12px;padding-top:32px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Demand</font></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Methanol demand declined by 7% in the first quarter of 2020 compared to the fourth quarter of 2019 due to impacts from the COVID-19 pandemic combined with a sharply lower oil price environment. </font></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Methanol demand into traditional chemical applications declined by approximately 7% in the first quarter of 2020 compared to the fourth quarter of 2019. Manufacturing activity was severely curtailed in China since late January as a result of government restrictions to reduce the spread of the COVID-19 virus. Manufacturing activity in other regions began to contract in March due to COVID-19. Significantly lower industrial production, particularly in the automotive and construction markets, as well as logistics disruptions impacted methanol demand. Over the long-term, we believe that traditional chemical demand for methanol, which represents over 50% of global methanol demand, is influenced by the strength of global and regional economies and industrial production levels.</font></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Methanol demand into energy-related applications declined by approximately 8% in the first quarter of 2020 compared to the fourth quarter of 2019. Government restrictions, which limited ground transportation and service industry operations reduced methanol demand for energy-related applications including methyl-tertiary butyl ether (&#8220;MTBE&#8221;) and dimethyl-ether (&#8220;DME&#8221;). Methanol-to-olefin (&#8220;MTO&#8221;) demand declined due to several planned and unplanned outages. Over the long-term, we believe that demand for energy-related applications will be influenced by energy prices and pricing of end products along with government regulations and policies that are playing an increasing role in encouraging new applications for methanol due to its emissions benefits as a fuel.</font></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We expect methanol demand to be lower in the second quarter compared to the first quarter due to the impact of COVID-19 and a low oil price environment. </font></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Supply</font></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Global methanol industry supply declined in the first quarter of 2020 due to outages in North America, the Middle East, Southeast Asia and particularly in China. </font></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We idled our Titan plant in Trinidad (annual capacity of 875 thousand tonnes) effective March 16, 2020 and our Chile IV plant (annual capacity of 840 thousand tonnes) effective April 1, 2020, for an indefinite period of time, in anticipation of lower methanol demand. The annual operating capacity of these two plants is equivalent to approximately 2% of 2019 global demand of 84 million tonnes and 19% of Methanex's annual operating capacity of 9.2 million tonnes. </font></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Over the next few years, the majority of large-scale capacity additions outside of China are expected to be in the Americas and the Middle East. There are two plants that were expected to be completed in 2020, including a 1.0 million tonne plant in Trinidad, being built by Caribbean Gas Chemical Limited, and a 1.7 million tonne plant in Louisiana, being built by Koch Methanol Investments and Yuhuang Chemical. However, it is uncertain what impact the COVID-19 pandemic will have on the start-up timing of these plants.</font></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">There are other large-scale projects under discussion in North America; however, we believe that none have yet reached a final investment decision. We continue to monitor a number of projects at various stages of construction in Iran, including the Bushehr plant which we understand is closest to completion. We anticipate that new non-integrated capacity additions in China will be tempered by a continuing degree of restrictions placed by the Chinese government on new standalone coal-based capacity additions. We expect that new capacity in China will be consumed in that country.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 12</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Methanol Price</font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Our average realized price in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of 2020 was $</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">267</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;per tonne compared to $</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">256</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;per&#160;tonne&#160;in the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of 2019. Methanol prices increased in the first half of the quarter as a result of wide-spread industry outages. Prices subsequently declined in the second half of the quarter as a result of the considerable economic uncertainty related to the COVID-19 pandemic and sharp decline in oil prices.</font></div><div style='display:inline-block; width:100%;'><div style='float:left; width:49%;'><div><a name="sC897301B854A5BA4902DC3788729DFC8"></a></div><div style="line-height:140%;padding-top:8px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Our recent posted prices are shown in the following table. We recently announced our May contract prices which decreased by $46 to $313 per tonne in North America and decreased by $35 to $225 per tonne in Asia Pacific. Future methanol prices will ultimately depend on the strength of the global economy, industry operating rates, global energy prices, new supply additions and the strength of global demand.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:42px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:42px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><div style='width:1%; float:left;'>&#160;</div><div style='float:right; width:49%;'><div style="line-height:140%;text-align:justify;padding-left:42px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:86.5079365079365%;border-collapse:collapse;text-align:left;"><tr><td colspan="11"></td></tr><tr><td style="width:30%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td></tr><tr><td colspan="11" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Methanex Non-Discounted Regional Posted Prices </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">(US$ per tonne)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">May 2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Apr 2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar 2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Feb 2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Jan 2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">North America</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">313</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">359</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">396</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">396</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">342</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Europe </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">2</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">285</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">285</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">305</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">305</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">305</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Asia Pacific</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">225</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">260</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">310</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">335</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">275</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:8px;text-align:justify;padding-left:42px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup></font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:pt">&#160;&#160;&#160;&#160;</sup></font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Discounts from our posted prices are offered to customers based on </font></div><div style="line-height:120%;text-align:justify;padding-left:42px;text-indent:42px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">various factors.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:42px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">2</sup>&#160;</font></div></td><td style="vertical-align:top;padding-left:6px;"><div style="line-height:140%;font-size:7pt;text-indent:-6px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#8364;260 for Q2 2020 (Q1 2020 &#8211; &#8364;275) converted to United States dollars. </font></div></td></tr></table></div></div><div><a name="s222D8B1FA7F957649789575618F8671C"></a></div><div style="line-height:140%;padding-top:24px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">LIQUIDITY AND CAPITAL RESOURCES </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Cash flows from operating activities in the</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">quarter of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">were</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$142 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">compared with</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$114 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">for the</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">fourth</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">quarter of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">and</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$213 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">for the</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">quarter of</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. Cash flows from operating activities were higher in the first quarter of 2020 compared to the fourth quarter of 2019 primarily as a result of higher earnings and changes in non-cash working capital. Cash flows from operating activities were lower in the first quarter of 2020 compared to the first quarter of 2019 primarily as a result of lower earnings. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The changes in cash flows from operating activities resulted from changes in the following: </font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:66%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Q1 2020<br>compared with<br>Q4 2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Q1 2020<br>compared with<br>Q1 2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Change in Adjusted EBITDA (attributable to Methanex shareholders) </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(56</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Change in Adjusted EBITDA of associate </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">16</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Change in dividends received from associate </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">16</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(20</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Non-cash working capital </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">28</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(57</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Income taxes paid </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">22</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Egypt insurance recovery</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(20</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Share-based payments </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">23</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Other </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(4</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Increase (decrease) in cash flows from operating activities</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">28</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(71</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr></table></div></div><div style="line-height:140%;text-align:justify;padding-left:12px;text-indent:-12px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">During the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;we paid a quarterly dividend of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$0.36</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;per common share for a total of $</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">27 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We operate in a highly competitive commodity industry and believe it is appropriate to maintain a strong balance sheet and financial flexibility. At </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, our cash balance was </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$823 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, including $</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">30 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;of cash related to our Egypt entity consolidated on a 100% basis and $26 million of cash related to our joint venture interests in ocean going vessels consolidated on a 100% basis. We invest our cash only in highly rated instruments that have maturities of three months or less to ensure preservation of capital and appropriate liquidity. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">In March 2020, we drew $300 million from our revolving credit facility and $136 million from our $800 million construction credit facility for the Geismar 3 project to increase our cash position and preserve financial flexibility. Both facilities are with a syndicate of highly rated financial institutions and expire in July 2024. As at  </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, management believes the Company was in compliance with all significant terms and default provisions related to long-term debt obligations. Refer to note 6 of the </font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 13</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Company's unaudited condensed consolidated interim financial statements for further discussion of the terms of the credit facilities and long-term debt. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We are currently working with our banking partners to obtain flexibility on certain financial covenants in our $300 million revolving credit facility and $800 million non-revolving construction facility. We have agreed on key parameters with the lead bank and are working with the other members of the bank syndicate to finalize these changes to the credit facilities, which is expected in the second half of May.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;padding-bottom:12px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">On April 29, 2020, we announced the Board of Directors approved the reduction of our quarterly dividend by 90%, representing approximately $100 million in annualized cash savings. </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We believe that the changes to our credit facilities and taking the prudent decision to reduce the dividend will provide us with enhanced financial flexibility and will preserve liquidity to enable us to navigate the current challenging business and commodity price environment and emerge financially strong.</font></div><div style="line-height:140%;padding-top:32px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Capital Projects and Growth Opportunities</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">On April 1, 2020, we announced the deferral of approximately $500 million of the planned capital budget for the Geismar 3 project for up to 18 months, putting the project on temporary care and maintenance in response to the uncertainty in the global economy from the COVID-19 pandemic. We anticipate continuing to invest approximately $200 million over the coming 18 months while the project is in temporary care and maintenance. The Geismar 3 project is a 1.8 million tonne methanol plant under construction in Geismar, Louisiana adjacent to our Geismar 1 and Geismar 2 plants. We have invested $242 million at Geismar 3, excluding capitalized interest of $6 million, to date.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We have made significant progress on the debottlenecking project at our existing Geismar 1 and Geismar 2 facilities to increase production by approximately 10%, however as a result of COVID-19 restrictions in Louisiana we have deferred further work on these projects at this time. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We previously communicated our planned capital expenditures directed towards maintenance, turnarounds and catalyst changes for operations, including our 63.1% share of Atlas and 50% of Egypt, estimated to be approximately $150 million for 2020. In the first quarter of 2020, we invested $25 million in capital expenditures and have revised our planned 2020 maintenance capital budget to defer $30 million, and as a result we anticipate approximately $95 million in capital expenditures directed towards maintenance, turnarounds and catalyst changes over the remaining three quarters.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Given the uncertainty in the global economy and challenging commodity price environment, we will continue to evaluate capital projects and consider deferring planned maintenance activities, where prudent and without compromising safety, to preserve cash and support balance sheet strength.&#160;</font></div><div><a name="s45B8899064BF5BD3869E0C8CCCFE4472"></a></div><div style="line-height:140%;padding-top:40px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">CONTROLS AND PROCEDURES</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">During the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, no changes, other than the continued progress below on addressing the material weakness disclosed in our most recent annual financial statements, were made in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Remediation of Material Weakness</font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">A control deficiency was detected in the first quarter of 2020 prior to the filing of the Company's 2019 consolidated financial statements which resulted in the restatement of revenue and cost of sales for methanol from Atlas (our equity investee), correcting the presentation from a net to a gross basis, with no impact on net income, cash flows or financial position. Refer to note 25 of the Company's 2019 consolidated financial statements for additional detail of the restatement.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 14</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Due to the magnitude of the restatement, the control deficiency was determined to be a material weakness over internal controls over financial reporting, specifically related to research and technical accounting analysis. This material weakness will need to be demonstrated to be remediated in order to relieve the adverse opinion currently in place over the Company&#8217;s internal controls over financial reporting. The remediation proposed includes the following:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:12px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">i.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Continue to consult with experts to assist in the evaluation of technical accounting matters. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:12px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">ii.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Extend documentation on analysis of contracts, including revision of management&#8217;s accounting checklist used to assess accounting implications for complex contracts. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:12px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">iii.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Implement enhanced review controls prior to and subsequent to adoption of new accounting standards to identify and resolve differences in accounting interpretations of standards and implement an additional layer of review by the Company&#8217;s newly hired Assistant Controller, before review by the Company&#8217;s VP &amp; Controller and CFO.</font></div></td></tr></table><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">As the conclusion on the material weakness was reached in late March 2020, the Company has not had adequate time nor opportunities to implement and evidence the controls and procedures above, as limited complex and material transactions requiring research and technical accounting analysis have occurred in this brief period. The company has therefore not had adequate time and has had limited opportunity to evidence the remediation to the material weakness in Q1 2020. This matter will continue to be monitored throughout the year.</font></div><div><a name="s8690CC9CF86B553F88153AF9E43E43F5"></a></div><div style="line-height:140%;padding-top:40px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">ADDITIONAL INFORMATION &#8211; SUPPLEMENTAL NON-GAAP MEASURES</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">In addition to providing measures prepared in accordance with IFRS, we present certain supplemental non-GAAP measures throughout this document. These are Adjusted EBITDA, Adjusted net income, Adjusted net income per common share, Adjusted revenue,and operating income. These measures do not have any standardized meaning prescribed by generally accepted accounting principles ("GAAP") and therefore are unlikely to be comparable to similar measures presented by other companies. These supplemental non-GAAP measures are provided to assist readers in determining our ability to generate cash from operations and improve the comparability of our results from one period to another. We believe these measures are useful in assessing operating performance and liquidity of the Company&#8217;s ongoing business on an overall basis. We also believe Adjusted EBITDA is frequently used by securities analysts and investors when comparing our results with those of other companies.</font></div><div style="line-height:140%;padding-top:32px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Adjusted EBITDA (attributable to Methanex shareholders)</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Adjusted EBITDA differs from the most comparable GAAP measure, net income attributable to Methanex shareholders, because it excludes the mark-to-market impact of share-based compensation, depreciation and amortization, finance costs, finance income and other expenses and income taxes. Adjusted EBITDA includes an amount representing our 63.1% share of the Atlas facility and excludes the non-controlling shareholders' interests in entities which we control but do not fully own. </font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Adjusted EBITDA and Adjusted net income exclude the mark-to-market impact of share-based compensation related to the impact of changes in our share price on SARs, TSARs, deferred share units, restricted share units and performance share units. The mark-to-market impact related to share-based compensation that is excluded from Adjusted EBITDA and Adjusted net income is calculated as the difference between the grant-date value and the fair value recorded at each period-end. As share-based awards will be settled in future periods, the ultimate value of the units is unknown at the date of grant and therefore the grant-date value recognized in Adjusted EBITDA and Adjusted net income may differ from the total settlement cost.</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 15</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The following table shows a reconciliation from net income attributable to Methanex shareholders to Adjusted EBITDA:</font></div><div style="line-height:140%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:61%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="9" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Net income (attributable to Methanex shareholders)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">23</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mark-to-market impact of share-based compensation</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(18</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">22</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Depreciation and amortization </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">90</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">88</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Finance costs </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">35</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">36</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">28</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Finance income and other expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Income tax expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;">Earnings of associate adjustment </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">1</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">19</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;">Non-controlling interests adjustment </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">1</sup></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(10</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(17</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(7</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted EBITDA (attributable to Methanex shareholders)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">138</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">136</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">194</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:4px;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">These adjustments represent depreciation and amortization, finance costs, finance income and other expenses and income taxes associated with our 63.1% interest in the Atlas methanol facility and the non-controlling interests.</font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:12px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><br></font></div><div style="line-height:140%;padding-top:12px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Adjusted Net Income and Adjusted Net Income per Common Share</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Adjusted net income and Adjusted net income per common share are non-GAAP measures because they exclude the mark-to-market impact of share-based compensation and the impact of certain items associated with specific identified events. The following table shows a reconciliation of net income attributable to Methanex shareholders to Adjusted net income and the calculation of Adjusted net income per common share: </font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:61%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="9" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions except number of shares and per share amounts)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Net income (attributable to Methanex shareholders)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">23</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mark-to-market impact of share-based compensation, net of tax</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(15</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">18</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">10</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">56</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Diluted weighted average shares outstanding (millions)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">76</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income per common share</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.10</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.13</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.73</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;text-align:justify;padding-left:12px;text-indent:-12px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><br></font></div><div style="line-height:140%;padding-top:12px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Adjusted Revenue (attributable to Methanex shareholders)</font></div><div style="line-height:140%;padding-top:16px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Adjusted revenue differs from the most comparable GAAP measure, revenue, because it excludes revenue marketed on a commission basis related to 36.9% of the Atlas methanol facility that represents our partner's share, and excludes revenue relating to 50% of the Egypt methanol facility that we do not own. It also includes commission earned on volume marketed on a commission basis related to both the 36.9% of the Atlas methanol facility and the 50% of the Egypt methanol facility that we do not own. A reconciliation from revenue to Adjusted revenue is as follows:</font></div><div style="line-height:140%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:61%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><br></font></div></td><td colspan="9" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Revenue </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;"><sup style="vertical-align:top;line-height:120%;background-color:#cceeff; font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">745</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">770</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">902</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;">Non-Methanex share of Atlas revenue </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">2</sup></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(33</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(39</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(53</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;font-style:normal;">Non-controlling interests' share of revenue </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;font-style:normal;"><sup style="vertical-align:top;line-height:120%;background-color:#cceeff; font-size:pt">2</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(37</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(40</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(47</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Other adjustments</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;">Adjusted revenue (attributable to Methanex shareholders)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">676</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">690</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">800</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Revenue for the three months ended December 31, 2019 and March 31, 2019 have been restated as compared to revenue reported in our quarterly MD&amp;A and condensed quarterly financial statements issued for 2019 based on a restatement for the recognition of revenue on Atlas-produced methanol.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">2</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Excludes intercompany transactions with the Company.</font></div></td></tr></table><div style="line-height:115%;text-align:justify;padding-left:12px;text-indent:-12px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 16</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;padding-top:32px;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Operating Income</font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Operating income is reconciled directly to a GAAP measure in our consolidated statements of income.</font></div><div><a name="s193FD70408D251D09D2614256EC0FC89"></a></div><div style="line-height:140%;padding-top:40px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">QUARTERLY FINANCIAL DATA (UNAUDITED) </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Our operations consist of a single operating segment - the production and sale of methanol. Quarterly results vary due to the average realized price of methanol, sales volume and total cash costs. 2020 and 2019 periods presented reflect the adoption of IFRS 16. Financial information for all 2018 comparative periods does not reflect the impact of IFRS 16. A summary of selected financial information is as follows:</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13"></td></tr><tr><td style="width:60%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions except per share amounts)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Sep&#160;30 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Jun&#160;30 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Revenue </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">745</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">770</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">765</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">847</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted EBITDA </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">138</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">136</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">90</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">146</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Net income (loss) (attributable to Methanex shareholders)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">23</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(10</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">10</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(21</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">26</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Basic net income (loss) per common share </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.30</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(0.13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.65</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Diluted net income (loss) per common share </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.21</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.12</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(0.21</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.51</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income (loss) per common share </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">&#160;</sup></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.10</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.13</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(0.27</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.34</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13"></td></tr><tr><td style="width:60%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">($ millions except per share amounts)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Dec&#160;31 <br>2018</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Sep&#160;30 <br>2018</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Jun&#160;30 <br>2018</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Revenue </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">902</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,101</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,175</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,096</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted EBITDA </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">194</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">197</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">293</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">275</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Net income (attributable to Methanex shareholders)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">161</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">128</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">111</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">56</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">90</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">152</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">143</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Basic net income per common share </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2.07</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.62</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Diluted net income per common share </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.50</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.68</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.61</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.36</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income per common share </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.73</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.15</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.92</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.75</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:0px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup>&#160;</font></div></td><td style="vertical-align:top;padding-left:12px;"><div style="line-height:140%;text-align:left;font-size:7pt;text-indent:-12px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Revenue for the 2019 and 2018 quarters have been restated as compared to revenue reported in our quarterly MD&amp;A and condensed quarterly financial statements issued for 2019 and 2018 based on a restatement for the recognition of revenue on Atlas-produced methanol.</font></div></td></tr></table><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 17</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sD89971F706CD53B7A2E50812CF0F542A"></a></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">HOW WE ANALYZE OUR BUSINESS</font></div><div style="line-height:130%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:139%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Our operations consist of a single operating segment - the production and sale of methanol. We review our financial results by analyzing changes in the components of Adjusted EBITDA, mark-to-market impact of share-based compensation, depreciation and amortization, finance costs, finance income and other expenses and income taxes. </font></div><div style="line-height:139%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:139%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Company has used the terms Adjusted EBITDA, Adjusted net income, Adjusted net income per common share, Adjusted revenue and operating income throughout this document. These items are 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. Refer to </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Additional Information - Supplemental Non-GAAP Measures </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">section on page </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">15</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;of the MD&amp;A for a description of each non-GAAP measure and reconciliations to the most comparable GAAP measures.</font></div><div style="line-height:130%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:139%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">In addition to the methanol that we produce at our facilities, we also purchase and re-sell methanol produced by others and we sell methanol on a commission basis. We analyze the results of all methanol sales together, excluding commission sales volume. The key drivers of changes in Adjusted EBITDA are average realized price, cash costs and sales volume, which are defined and calculated as follows:</font></div><div style="line-height:139%;text-align:justify;font-size:9.5pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:10%;"></td><td style="width:90%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">PRICE</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The change in Adjusted EBITDA as a result of changes in average realized price is calculated as the difference from period to period in the selling price of methanol multiplied by the current period total methanol sales volume, excluding commission sales volume, plus the difference from period to period in commission revenue.</font></div><div style="text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">CASH&#160;</font></div><div style="font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">COSTS</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The change in Adjusted EBITDA as a result of changes in cash costs is calculated as the difference from period to period in cash costs per tonne multiplied by the current period total methanol sales volume, excluding commission sales volume in the current period. The cash costs per tonne is the weighted average of the cash cost per tonne of Methanex-produced methanol and the cash cost per tonne of purchased methanol. The cash cost per tonne of Methanex-produced methanol includes absorbed fixed cash costs per tonne and variable cash costs per tonne. The cash cost per tonne of purchased methanol consists principally of the cost of methanol itself. In addition, the change in Adjusted EBITDA as a result of changes in cash costs includes the changes from period to period in unabsorbed fixed production costs, consolidated selling, general and administrative expenses and fixed storage and handling costs.</font></div><div style="text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">SALES VOLUME</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The change in Adjusted EBITDA as a result of changes in sales volume is calculated as the difference from period to period in total methanol sales volume, excluding commission sales volume, multiplied by the margin per tonne for the prior period. The margin per tonne for the prior period is the weighted average margin per tonne of Methanex-produced methanol and margin per tonne of purchased methanol. The margin per tonne for Methanex-produced methanol is calculated as the selling price per tonne of methanol less absorbed fixed cash costs per tonne and variable cash costs per tonne. The margin per tonne for purchased methanol is calculated as the selling price per tonne of methanol less the cost of purchased methanol per tonne.</font></div><div style="text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:100%;text-align:justify;font-size:9pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:139%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We own 63.1% of the Atlas methanol facility and market the remaining 36.9% of its production through a commission offtake agreement. A contractual agreement between us and our partners establishes joint control over Atlas. As a result, we account for this investment using the equity method of accounting, which results in 63.1% of the net assets and net earnings of Atlas being presented separately in the consolidated statements of financial position and consolidated statements of income, respectively. For purposes of analyzing our business, Adjusted EBITDA, Adjusted net income, Adjusted net income per common share and Adjusted revenue include an amount representing our 63.1% equity share in Atlas. Our analysis of depreciation and amortization, finance costs, finance income and other expenses and income taxes is consistent with the presentation of our consolidated statements of income and excludes amounts related to Atlas. </font></div><div style="line-height:139%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:139%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We own 50% of the 1.26&#160;million tonne per year Egypt methanol facility and market the remaining 50% of its production through a commission offtake agreement. We account for this investment using consolidation accounting, which results in 100% of the revenues and expenses being included in our financial statements. We also consolidate less than wholly-owned entities for which we have a controlling interest. Non-controlling interests are included in the Company&#8217;s consolidated financial statements and represent the non-controlling shareholders&#8217; interests in the Egypt methanol facility and any entity where we have control. For purposes of analyzing our business, Adjusted EBITDA, Adjusted net income, Adjusted net income per common share and Adjusted revenue exclude the amounts associated with non-controlling interests. </font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 18</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s8DCD8F809283529AB4BC7BB812659395"></a></div><div><br></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">FORWARD-LOOKING INFORMATION WARNING </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">This </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">First</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Quarter </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Management&#8217;s Discussion and Analysis ("MD&amp;A") as well as comments made during the </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">First</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Quarter </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;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. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">More particularly and without limitation, any statements regarding the following are forward-looking statements: </font></div><div style='display:inline-block; width:100%;'><div style='float:left; width:48%;'><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:8px;font-family:Times New Roman; 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font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">expected tax rates or resolutions to tax disputes, </font></div></td></tr></table><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:12px;text-indent:48px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#160;&#160;&#160;&#160;</font></div></div><div style='width:4%; float:left;'>&#160;</div><div style='float:right; width:48%;'><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:12px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; 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font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">expected actions of governments, governmental agencies, gas suppliers, courts, tribunals or other third parties, and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">the potential future impact of the COVID-19 pandemic. </font></div></td></tr></table></div></div><div style="line-height:140%;padding-top:12px;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We believe that we have a reasonable basis for making such forward-looking statements. The forward-looking statements in this document are based on our experience, our perception of trends, current conditions and expected future developments as well as other factors. Certain material factors or assumptions were applied in drawing the conclusions or making the forecasts or projections that are included in these forward-looking statements, including, without limitation, future expectations and assumptions concerning the following: </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style='display:inline-block; width:100%;'><div style='float:left; width:48%;'><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">the supply of, demand for and price of methanol, methanol derivatives, natural gas, coal, oil and oil derivatives, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; 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float:left;'>&#160;</div><div style='float:right; width:48%;'><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">receipt or issuance of third-party consents or approvals or governmental approvals related to rights to purchase natural gas, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">the establishment of new fuel standards, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">operating costs, including natural gas feedstock and logistics costs, capital costs, tax rates, cash flows, foreign exchange rates and interest rates, </font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 19</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><br></div><div style='display:inline-block; width:100%;'><div style='float:left; width:48%;'><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">the availability of committed credit facilities and other financing, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">timing of completion and cost of our Geismar 3 Project,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">global and regional economic activity (including industrial production levels), </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">absence of a material negative impact from major natural disasters, </font></div></td></tr></table><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:12px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><div style='width:4%; float:left;'>&#160;</div><div style='float:right; width:48%;'><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">absence of a material negative impact from changes in laws or regulations, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">absence of a material negative impact from political instability in the countries in which we operate, and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">enforcement of contractual arrangements and ability to perform contractual obligations by customers, natural gas and other suppliers and other third parties. </font></div></td></tr></table></div></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">However, forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. The risks and uncertainties primarily include those attendant with producing and marketing methanol and successfully carrying out major capital expenditure projects in various jurisdictions, including, without limitation: </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style='display:inline-block; width:100%;'><div style='float:left; width:48%;'><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">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, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; 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font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">the ability to carry out corporate initiatives and strategies, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">actions of competitors, suppliers and financial institutions, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">conditions within the natural gas delivery systems that may prevent delivery of our natural gas supply requirements, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">our ability to meet timeline and budget targets for our Geismar 3 Project, including cost pressures arising from labour costs,</font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:12px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><div style='width:4%; float:left;'>&#160;</div><div style='float:right; width:48%;'><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:12px;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;text-indent:-12px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">competing demand for natural gas, especially with respect to any domestic needs for gas and electricity, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">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, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">changes in laws or regulations, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">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, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">world-wide economic conditions, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">the future impact of the COVID-19 pandemic, and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">other risks described in our 2019 Annual Management&#8217;s Discussion and Analysis and this </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">First</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Quarter </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;Management&#8217;s Discussion and Analysis.</font></div></td></tr></table></div></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">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&#8217;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. </font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 20</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s3A51A92CEC84592C9A2C6CF55C05AA79"></a></div><div><br></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><a name="s0CE66F706657521C90C151E1A7C3E4E1"></a></div><div style="line-height:100%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Methanex Corporation</font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Consolidated Statements of Income </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">(unaudited)</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">(thousands of U.S. dollars, except number of common shares and per share amounts)</font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:72%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(As restated - Note 12)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Revenue</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">745,093</font></div></td><td style="vertical-align:bottom;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">901,609</font></div></td><td style="vertical-align:bottom;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Cost of sales and operating expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(598,541</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(750,170</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(89,987</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(85,319</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Egypt insurance recovery (note 11)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">9,839</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Operating income</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">66,404</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">66,120</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Earnings of associate (note 4)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">9,070</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">18,054</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Finance costs (note 5)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(35,032</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(28,420</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Finance income and other expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,843</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(82</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Income before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">43,285</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">55,672</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Income tax (expense) recovery:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Current</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(11,376</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(20,463</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Deferred </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,770</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">11,142</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(9,606</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(9,321</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Net income</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">33,679</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">46,351</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Attributable to:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Methanex Corporation shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">22,770</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38,464</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Non-controlling interests</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">10,909</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">7,887</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">33,679</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">46,351</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Income per common share for the period attributable to Methanex Corporation shareholders</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Basic net income per common share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.30</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.50</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Diluted net income per common share (note 7)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.21</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Weighted average number of common shares outstanding (note 7)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76,196,080</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77,254,680</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Diluted weighted average number of common shares outstanding (note 7)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76,196,080</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77,287,094</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">See accompanying notes to condensed consolidated interim financial statements.</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 1</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED) </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s7B580745255B5485996A73B4EA47B36F"></a></div><div><br></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Methanex Corporation</font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Consolidated Statements of Comprehensive Income </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">(unaudited)</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">(thousands of U.S. dollars)</font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:72%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;font-weight:bold;">Net income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">33,679</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">46,351</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Other comprehensive income:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;font-weight:bold;">Items that may be reclassified to income:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Change in fair value of cash flow hedges (note 10)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(45,758</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(40,157</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;font-weight:bold;">Forward element excluded from hedging relationships (note 10)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">87,810</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">44,553</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Taxes on above items</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(9,749</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(1,101</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">32,303</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">3,295</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Comprehensive income</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">65,982</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">49,646</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;font-weight:bold;">Attributable to:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Methanex Corporation shareholders </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">55,073</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">41,759</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;background-color:#cceeff;font-weight:bold;">Non-controlling interests </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">10,909</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">7,887</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">65,982</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">49,646</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">See accompanying notes to condensed consolidated interim financial statements.</font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 2</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED) </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s7FA79ADEE07B5F66B67874A5ABBF549B"></a></div><div><br></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Methanex Corporation</font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Consolidated Statements of Financial Position </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">(unaudited)</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">(thousands of U.S. dollars)</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:74%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">AS AT</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">ASSETS</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Current assets:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">823,432</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">416,763</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Trade and other receivables</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">491,333</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">488,721</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Inventories (note 2)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">320,759</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">281,052</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Prepaid expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">32,375</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">37,805</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,514</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">8,180</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,670,413</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,232,521</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Non-current assets:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Property, plant and equipment (note 3)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3,676,605</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">3,576,195</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Investment in associate (note 4)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">186,767</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">193,474</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Deferred income tax assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">104,846</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">111,614</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">80,865</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">82,811</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">4,049,083</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">3,964,094</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">5,719,496</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">5,196,615</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">LIABILITIES AND EQUITY</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Current liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Trade, other payables and accrued liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">572,946</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">493,754</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Current maturities on long-term debt (note 6)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">39,103</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38,420</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Current maturities on lease obligations</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">100,055</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">89,820</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Current maturities on other long-term liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">23,592</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">26,252</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">735,696</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">648,246</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Non-current liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Long-term debt (note 6)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,148,820</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,730,433</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Lease obligations</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">662,615</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">628,685</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Other long-term liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">229,122</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">286,071</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Deferred income tax liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">273,997</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">272,820</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3,314,554</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,918,009</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Equity:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Capital stock</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">440,472</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">440,472</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Contributed surplus</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,825</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,783</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Retained earnings</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,035,158</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,039,819</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Accumulated other comprehensive loss</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(118,086</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(150,389</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Shareholders' equity</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,359,369</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,331,685</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Non-controlling interests</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">309,877</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">298,675</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Total equity</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,669,246</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,630,360</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">5,719,496</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">5,196,615</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;text-align:left;font-size:9pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:9pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9pt;font-style:italic;">See accompanying notes to condensed consolidated interim financial statements.</font></div><div style="line-height:140%;font-size:9pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9pt;"><br></font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 3</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED) </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s61D9A473EC255159AA2BCDB4B1E1FB7F"></a></div><div><br></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Methanex Corporation</font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Consolidated Statements of Changes in Equity </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">(unaudited) </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">(thousands of U.S. dollars, except number of common shares)</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17"></td></tr><tr><td style="width:34%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:6%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Number of <br>Common <br>Shares</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Capital <br>Stock</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Contributed <br>Surplus</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Retained <br>Earnings</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Accumulated <br>Other <br>Comprehensive <br>Loss</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Shareholders' <br>Equity</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Non-<br>Controlling <br>Interests</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Total <br>Equity</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Balance, December&#160;31, 2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">77,263,273</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$446,544</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$1,597</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$1,145,476</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$(82,404)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$1,511,213</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$296,628</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$1,807,841</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Net income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">38,464</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">38,464</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">7,887</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">46,351</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Other comprehensive income (loss)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(1,541</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">4,836</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">3,295</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">3,295</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Compensation expense recorded for stock options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">70</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">70</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">70</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Issue of shares on exercise of stock options</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">2,700</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">86</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">86</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">86</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Reclassification of grant date fair value on exercise of stock options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">26</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(26</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Payments for repurchase of shares</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(99,893</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #000000;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(577</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(5,179</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(5,756</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(5,756</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Dividend payments to Methanex Corporation shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(25,498</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(25,498</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(25,498</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Distributions made and accrued to non-controlling interests </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(5,465</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #000000;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(5,465</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Impact of adoption of IFRS 16</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(34,513</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(34,513</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(3,355</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #000000;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(37,868</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Balance, March&#160;31, 2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">77,166,080</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$446,079</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$1,641</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$1,117,209</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$(77,568)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$1,487,361</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$295,695</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$1,783,056</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Net income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">49,303</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">49,303</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">20,712</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">70,015</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Other comprehensive loss</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(2,873</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(72,821)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(75,694</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(75,694</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Compensation expense recorded for stock options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">142</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">142</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">142</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Payments for repurchase of shares</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(970,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #000000;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(5,607</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(41,442</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(47,049</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(47,049</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Dividend payments to Methanex Corporation shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(82,378</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(82,378</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(82,378</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Distributions made and accrued to non-controlling interests</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(15,513</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #000000;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(15,513</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Acquisition of non-controlling interest</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(2,219</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #000000;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">(2,219</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">Balance, December&#160;31, 2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">76,196,080</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$440,472</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$1,783</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$1,039,819</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$(150,389)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$1,331,685</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$298,675</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">$1,630,360</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Net income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">22,770</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">22,770</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">10,909</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">33,679</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Other comprehensive income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">32,303</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">32,303</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">32,303</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Compensation expense recorded for stock options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">42</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">42</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">42</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Dividend payments to Methanex Corporation shareholders</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">(27,431</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">(27,431</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">(27,431</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Distributions made and accrued to non-controlling interests</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">(5,207</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-right:1px solid #000000;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">(5,207</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Equity contributions to non-controlling interest</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">5,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">5,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">Balance, March&#160;31, 2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">76,196,080</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">$440,472</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">$1,825</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">$1,035,158</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">$(118,086)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">$1,359,369</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">$309,877</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;font-weight:bold;">$1,669,246</font></div></td></tr></table></div></div><div style="line-height:140%;text-align:left;font-size:9pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">See accompanying notes to condensed consolidated interim financial statements.</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 4</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED) </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s15603AB0775152E6B4D581C3548495F4"></a></div><div><br></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Methanex Corporation</font></div><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Consolidated Statements of Cash Flows </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">(unaudited)</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">(thousands of U.S. dollars)</font></div><div style="line-height:140%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:72%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">CASH FLOWS FROM / (USED IN) OPERATING ACTIVITIES</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Net income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">33,679</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">46,351</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Deduct earnings of associate</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(9,070</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(18,054</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Dividends received from associate</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">15,775</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">35,967</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Add (deduct) non-cash items:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">89,987</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">85,319</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Income tax expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">9,606</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">9,321</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Share-based compensation expense (recovery)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(11,670</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">27,802</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Finance costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">35,032</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">28,420</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(3,946</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">514</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Income taxes paid</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(3,559</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(26,123</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Other cash payments, including share-based compensation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(1,775</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(21,105</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Cash flows from operating activities before undernoted</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">154,059</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">168,412</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Changes in non-cash working capital (note 9)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(11,594</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">44,825</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">142,465</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">213,237</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">CASH FLOWS FROM / (USED IN) FINANCING ACTIVITIES</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Payments for repurchase of shares</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(5,756</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Dividend payments to Methanex Corporation shareholders</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(27,431</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(25,498</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Interest paid</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(21,991</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(18,252</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Net proceeds on issue of long-term debt (note 6)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">436,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Repayment of long-term debt and financing fees</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(17,875</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(15,137</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Repayment of lease obligation</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(28,405</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(24,934</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Restricted cash for debt service accounts</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(89</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(100</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Equity contributions by non-controlling interests</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">5,500</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Distributions to non-controlling interests</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(5,207</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(21,300</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Proceeds on issue of shares on exercise of stock options</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">86</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Changes in non-cash working capital related to financing activities (note 9)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">340,502</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(110,891</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">CASH FLOWS FROM / (USED IN) INVESTING ACTIVITIES</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Property, plant and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(29,809</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(88,647</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Geismar plant under construction</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(89,837</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Proceeds from sale of assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">5,189</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Restricted cash for capital projects</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">302</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">3,087</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Changes in non-cash working capital related to investing activities (note 9)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">37,857</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">12,245</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(76,298</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(73,315</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Increase in cash and cash equivalents</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">406,669</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">29,031</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Cash and cash equivalents, beginning of period</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">416,763</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">256,077</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Cash and cash equivalents, end of period</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">823,432</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">285,108</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">See accompanying notes to condensed consolidated interim financial statements.</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 5</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED) </font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sA08CCDDB7507558496A7A51D3C5A8EEC"></a></div><div><br></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Methanex Corporation</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Notes to Condensed Consolidated Interim Financial Statements </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">(unaudited)</font></div><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">Except where otherwise noted, tabular dollar amounts are stated in thousands of U.S. dollars. </font></div><div><a name="s218A3B8813C45181A503E68F9D0C3ED3"></a></div><table cellpadding="0" cellspacing="0" style="padding-top:40px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Basis of presentation:</font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Methanex Corporation ("the Company") is an incorporated entity with corporate offices in Vancouver, Canada. The Company&#8217;s operations consist of the production and sale of methanol, a commodity chemical. The Company is the world&#8217;s largest producer and supplier of methanol to the major international markets of Asia Pacific, North America, Europe and South America.</font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">These condensed consolidated interim financial statements are prepared in accordance with </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">International Accounting Standards ("IAS") 34, Interim Financial Reporting,</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;as issued by the International Accounting Standards Board ("IASB") on a basis consistent with those followed in the most recent annual consolidated financial statements.</font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">These condensed consolidated interim financial statements do not include all of the information required for full annual financial statements and were approved and authorized for issue by the Audit, Finance &amp; Risk Committee of the Board of Directors on </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">May&#160;5, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">.</font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">These condensed consolidated interim financial statements should be read in conjunction with the Company&#8217;s consolidated financial statements for the year ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">December&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">.</font></div><div><a name="sB2C7FB4F5EA45499935B3EDF459265AF"></a></div><table cellpadding="0" cellspacing="0" style="padding-top:40px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Inventories:</font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Inventories are valued at the lower of cost, determined on a first-in first-out basis, and estimated net realizable value. The amount of inventories recognized as an expense in cost of sales and operating expenses and depreciation and amortization for the three months ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;is $607 million ( </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;- $670 million (as restated - see note 12)).</font></div><div><a name="s1C2CD381A40D5E16A3E8578369DC0969"></a></div><table cellpadding="0" cellspacing="0" style="padding-top:40px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Property, plant and equipment: </font></div></td></tr></table><div style="line-height:140%;text-align:center;padding-left:24px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.49122807017544%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:48%;"></td><td style="width:1%;"></td><td style="width:16%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:16%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:14%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:12px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Owned Assets <br>(a)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:12px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Right-of-use assets <br>(b)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Net book value at March&#160;31, 2020</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3,000,023</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">676,582</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3,676,605</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Net book value at December&#160;31, 2019</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,940,777</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">635,418</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">3,576,195</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;padding-left:24px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;padding-left:24px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Owned assets:</font></div></td></tr></table><div style="line-height:140%;text-align:left;padding-left:24px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.49122807017544%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:36%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Buildings, Plant<br>Installations &amp; <br>Machinery</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Plants Under Construction </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Ocean Going Vessels</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Other</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Cost at March&#160;31, 2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">4,804,110</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">247,909</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">201,998</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">157,957</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">5,411,974</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Accumulated depreciation at March&#160;31, 2020</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,265,476</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">27,274</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">119,201</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,411,951</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Net book value at March&#160;31, 2020</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,538,634</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">247,909</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">174,724</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">38,756</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3,000,023</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Cost at December&#160;31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">4,787,515</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">155,871</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">201,947</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">154,468</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">5,299,801</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Accumulated depreciation at December&#160;31, 2019</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,215,060</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">25,448</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">118,516</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,359,024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Net book value at December&#160;31, 2019</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,572,455</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">155,871</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">176,499</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">35,952</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,940,777</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;padding-top:8px;padding-left:36px;text-indent:24px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"></font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1&#160;&#160;&#160;&#160;</sup></font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">The Company is constructing a 1.8 million tonne methanol plant in Geismar, Louisiana adjacent to its Geismar 1 and Geismar 2 facilities. Included in Plants Under Construction is total cost incurred to date of $242 million, excluding $6 million of capitalized interest.</font></div><div style="line-height:140%;padding-top:8px;padding-left:36px;text-indent:-24px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><br></font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE </font><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">1</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;padding-top:8px;padding-left:36px;text-indent:-24px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Right-of-use (leased) assets:</font></div></td></tr></table><div style="line-height:140%;text-align:center;padding-left:24px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.49122807017544%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:37%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Ocean Going Vessels</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Terminals and Tanks</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Plant Installations and Machinery</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Other</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Cost at March&#160;31, 2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">576,687</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">231,597</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">23,588</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">38,994</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">870,866</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Accumulated depreciation at March&#160;31, 2020</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">110,879</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">67,394</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">8,499</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">7,512</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">194,284</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Net book value at March&#160;31, 2020</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">465,808</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">164,203</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">15,089</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">31,482</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">676,582</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Cost at December&#160;31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">514,661</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">221,303</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">23,613</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38,520</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">798,097</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Accumulated depreciation at December&#160;31, 2019</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">89,643</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">59,240</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">7,867</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">5,929</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">162,679</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Net book value at December&#160;31, 2019</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">425,018</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">162,063</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">15,746</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">32,591</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">635,418</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><a name="sBF4B7105EAFA5AC5838CA25461F1D608"></a></div><table cellpadding="0" cellspacing="0" style="padding-top:44px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Interest in Atlas joint venture: </font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Company has a </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">63.1%</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;equity interest in Atlas Methanol Company Unlimited ("Atlas"). Atlas owns a </font><font style="font-family:Optima LT Pro;font-size:9.5pt;">1.8 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;tonne per year methanol production facility in Trinidad. The Company accounts for its interest in Atlas using the equity method. Summarized financial information of Atlas (100% basis) is as follows:</font></div></td></tr></table><div style="line-height:140%;text-align:left;padding-left:48px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:92.98245614035088%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:70%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Statements of financial position</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">45,395</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">50,149</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">53,838</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">60,709</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Non-current assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">242,362</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">241,860</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(30,904</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(28,191</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Other long-term liabilities, including current maturities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(135,660</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(138,866</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Net assets at 100%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">175,031</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">185,661</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Net assets at 63.1%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">110,445</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">117,152</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Long-term receivable from Atlas</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76,322</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">76,322</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Investment in associate</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">186,767</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">193,474</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;text-align:justify;padding-left:36px;text-indent:-12px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-12px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><br></font></div><div style="line-height:140%;text-align:left;padding-left:48px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:92.98245614035088%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:70%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Statements of income</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Revenue</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">79,891</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">102,567</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Cost of sales and depreciation and amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(54,541</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(55,076</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Operating income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">25,350</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">47,491</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Finance costs, finance income and other expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(2,697</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(2,548</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Income tax expense</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(8,279</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(16,332</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Net earnings at 100%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">14,374</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">28,611</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Earnings of associate at 63.1%</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">9,070</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">18,054</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Dividends received from associate</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">15,775</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">35,967</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE </font><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">2</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)</font></div></div><hr style="page-break-after:always"><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:24px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Contingent liability:</font></div></td></tr></table><div style="line-height:140%;padding-top:4px;text-align:justify;padding-left:48px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Board of Inland Revenue of&#160;Trinidad and Tobago has audited and issued assessments against Atlas in respect of the 2005 to 2013 financial years.&#160;All subsequent tax years remain open to assessment. The assessments relate to the pricing arrangements of certain long-term fixed-price sales contracts with affiliates that commenced in 2005 and continued through 2019. The long-term fixed-price sales contracts with affiliates were established as part of the formation of Atlas and management believes these were reflective of market considerations at that time. Atlas had partial relief from corporation income tax until late July&#160;2014. </font></div><div style="line-height:140%;padding-top:4px;text-align:justify;padding-left:48px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">During the periods under assessment and continuing through 2014, approximately 50% of Atlas-produced methanol was sold under these fixed-price contracts. From late 2014 through 2019 fixed-price sales represent approximately 10% of Atlas-produced methanol.</font></div><div style="line-height:140%;padding-top:4px;text-align:justify;padding-left:48px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Company believes it is impractical to disclose a reasonable estimate of the potential contingent liability due to the wide range of assumptions and interpretations implicit in the assessments. </font></div><div style="line-height:140%;padding-top:4px;text-align:justify;padding-left:48px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Company has lodged objections to the assessments. No deposits have been required to lodge objections. Based on the merits of the cases and advice from&#160;legal counsel, the Company believes its position should be sustained, that Atlas has filed its tax returns and paid applicable taxes in compliance with Trinidadian tax law, and as such has not accrued for any amounts relating to these assessments. Contingencies inherently involve the exercise of significant judgment, and as such the outcomes of these assessments and the financial impact to the Company could be material. </font></div><div style="line-height:140%;padding-top:4px;text-align:justify;padding-left:48px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Company anticipates the resolution of this matter in the court system to be lengthy and, at this time, cannot predict a date as to when this matter is expected to be resolved.</font></div><div><a name="s6FC666D024355613B0502F8E72350B83"></a></div><table cellpadding="0" cellspacing="0" style="padding-top:44px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Finance costs: </font></div></td></tr></table><div style="line-height:140%;padding-bottom:8px;text-align:center;padding-left:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.49122807017544%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:72%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Finance costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">37,233</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">28,871</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Less capitalized interest related to Geismar plant under construction</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(2,201</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(451</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">35,032</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">28,420</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Finance costs are primarily comprised of interest on the unsecured notes, credit and construction facilities, limited recourse debt facilities, finance lease obligations, amortization of deferred financing fees, and accretion expense associated with site restoration costs. Interest during construction projects is capitalized until the plant is substantially completed and ready for productive use.</font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE </font><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">3</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)</font></div></div><hr style="page-break-after:always"><div><a name="s688E5C2DA25350D2A6AE7F969F449D9B"></a></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:40px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Long-term debt:</font></div></td></tr></table><div style="line-height:140%;text-align:left;padding-left:24px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.29629629629629%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:72%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">As at</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Dec&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Unsecured notes</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$250 million at 5.25% due March 1, 2022</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">249,024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">248,912</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$300 million at 4.25% due December 1, 2024</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">297,703</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">297,607</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$700 million at 5.25% due December 15, 2029</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">693,938</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">693,822</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$300 million at 5.65% due December 1, 2044</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">295,343</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">295,321</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,536,008</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,535,662</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Revolving credit facility</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">300,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Geismar 3 construction facility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">135,232</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Other limited recourse debt facilities</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">LIBOR+2.5% due through 2021</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,220</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,526</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">5.58% due through June 30, 2031</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">72,779</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">73,700</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">5.35% due through September 30, 2033</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">81,677</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">82,800</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Egypt limited recourse debt facilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">61,007</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">75,165</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Total long-term debt </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,187,923</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,768,853</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Less current maturities </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(39,103</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(38,420</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,148,820</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,730,433</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:24px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup>&#160;</font></div></td><td style="vertical-align:top;padding-left:12px;"><div style="line-height:140%;text-align:justify;font-size:7pt;text-indent:-12px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Long-term debt and current maturities are presented net of deferred financing fees.</font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">During the quarter ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, the Company made repayments of $2.4 million on its other limited recourse debt facilities. Other limited recourse debt facilities relate to financing for certain of our ocean going vessels which we own through less than wholly-owned entities under the Company's control. </font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">During the quarter, the Company made repayments of $14.5 million on its Egypt limited recourse debt facilities. </font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">On March 23, 2020, the Company drew down the full amount of its $300 million committed revolving credit facility. The Company also drew down $136 million ($135.2 million, net of borrowing costs) of the $800 million non-revolving construction facility for the Geismar 3 project. Both facilities incur interest at LIBOR plus 2.0%, are with highly rated financial institutions, and expire in July 2024.</font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Significant covenants and default provisions of the two facilities include:</font></div><div style="line-height:140%;padding-bottom:8px;padding-top:12px;text-align:justify;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">a) the obligation to maintain an EBITDA to interest coverage ratio of greater than or equal to 2:1 calculated on a four-quarter trailing basis, where for only one quarter during the term of the credit facility the ratio can be as low as, but not less than 1.25:1, and a debt to capitalization ratio of less than or equal to 57.5%, both calculated in accordance with definitions in the credit agreement that include adjustment to limited recourse subsidiaries. </font></div><div style="line-height:140%;padding-top:12px;text-align:justify;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">b) a default if payment is accelerated by a creditor on any indebtedness of $50 million or more of the Company and its subsidiaries, except for the limited recourse subsidiaries, and</font></div><div style="line-height:140%;padding-top:12px;text-align:justify;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">c) a default if a default occurs that permits a creditor to demand repayment on any other indebtedness of $50 million or more of the Company and its subsidiaries, except for the limited recourse subsidiaries.</font></div><div style="line-height:140%;text-align:justify;text-indent:48px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The credit facilities also include other customary covenants including restrictions on the incurrence of additional indebtedness, restrictions against the sale or abandonment of the Geismar 3 project, as well as requirements associated with completion of plant construction and commissioning.</font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The limited recourse debt facilities are described as limited recourse as they are secured only by the assets of the entity that carries the debt. Accordingly, the lenders to the limited recourse debt facilities have no recourse to the Company or its other subsidiaries. </font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE </font><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">4</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Egypt limited recourse debt facilities have covenants and default provisions that apply only to the Egypt entity, including restrictions on the incurrence of additional indebtedness and a requirement to fulfill certain conditions before the payment of cash or other shareholder distributions. </font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Failure to comply with any of the covenants or default provisions of the long-term debt facilities described above could result in a default under the applicable credit agreement that would allow the lenders to not fund future loan requests, accelerate the due date of the principal and accrued interest on any outstanding loans, or restrict the payment of cash or other distributions. </font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">As at  </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, management believes the Company was in compliance with all significant terms and default provisions related to long-term debt obligations. </font></div><div><a name="s1141C61107F05C77BB1852E1BE69FB61"></a></div><table cellpadding="0" cellspacing="0" style="padding-top:40px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">7.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Net income per common share:</font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Diluted net income per common share is calculated by considering the potential dilution that would occur if outstanding stock options and, under certain circumstances, tandem share appreciation rights ("TSARs") were exercised or converted to common shares. </font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Outstanding TSARs may be settled in cash or common shares at the holder&#8217;s option and for purposes of calculating diluted net income per common share, the more dilutive of the cash-settled and equity-settled method is used, regardless of how the plan is accounted for. Accordingly, TSARs that are accounted for using the cash-settled method will require adjustments to the numerator and denominator if the equity-settled method is determined to have a dilutive effect on diluted net income per common share as compared to the cash-settled method. The equity-settled method was more dilutive for the three months ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, and an adjustment was required for the numerator. No adjustment was required for the denominator as the weighted average share price at March 31, 2020 was lower than the exercise price for all outstanding TSARs. The cash-settled method was more dilutive for the three months ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, and no adjustment was required for both the numerator and the denominator.</font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Stock options and, if calculated using the equity-settled method, TSARs are considered dilutive when the average market price of the Company&#8217;s common shares during the period disclosed exceeds the exercise price of the stock option or TSAR. For the three months ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;stock options were not dilutive, resulting in no adjustment to the denominator. For the three months ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, stock options were considered dilutive, resulting in an adjustment to the denominator.</font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">A reconciliation of the numerator used for the purposes of calculating diluted net income per common share is as follows:</font></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.49122807017544%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:72%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Numerator for basic net income per common share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">22,770</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38,464</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Adjustment for the effect of TSARs:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Cash-settled recovery included in net income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(4,820</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Equity-settled expense</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(1,945</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Numerator for basic and diluted net income per common share</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">16,005</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38,464</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">A reconciliation of the denominator used for the purposes of calculating diluted net income per common share is as follows:</font></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.49122807017544%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:72%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Denominator for basic net income per common share</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76,196,080</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77,254,680</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Effect of dilutive stock options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">32,414</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Effect of dilutive TSARs</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Denominator for diluted net income per common share</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">76,196,080</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">77,287,094</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE </font><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">5</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)</font></div></div><hr style="page-break-after:always"><div><a name="sDFA632D184BB5C6E908ECE6DD1F0F60E"></a></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:40px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">8.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Share-based compensation:</font></div></td></tr></table><div style="line-height:140%;padding-left:24px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Share appreciation rights ("SARs"), TSARs and stock options:</font></div></td></tr></table><div style="line-height:140%;padding-left:24px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:48px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Outstanding units:</font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:72px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Information regarding units outstanding at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;is as follows: </font></div><div style="line-height:140%;text-align:left;padding-left:72px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:89.47368421052632%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"></td></tr><tr><td style="width:39%;"></td><td style="width:14%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:14%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">SARs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">TSARs</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(per share amounts in USD)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Number of Units</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Weighted Average Exercise Price</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Number of Units</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Weighted Average Exercise Price</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Outstanding at December&#160;31, 2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">857,407</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">52.02</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,661,327</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">52.55</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">96,160</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">29.27</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">761,050</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">29.27</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Cancelled</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(23,694</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">56.73</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Expired</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(60,500</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38.24</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(74,020</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38.24</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Outstanding at March&#160;31, 2020</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">869,373</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">50.33</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,348,357</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">45.46</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;text-align:justify;padding-left:72px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:72px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;padding-left:72px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:89.47368421052632%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:70%;"></td><td style="width:14%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Stock Options</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(per share amounts in USD)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Number of Units</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Weighted Average Exercise Price</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Outstanding at December&#160;31, 2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">200,631</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">49.07</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">15,440</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">29.27</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Expired</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(31,320</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(38.24</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Outstanding at March&#160;31, 2020</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">184,751</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">49.25</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;text-align:left;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;padding-left:72px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:89.47368421052632%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"></td></tr><tr><td style="width:22%;"></td><td style="width:14%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:14%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:16%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:14%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Units Outstanding at March&#160;31, 2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Units Exercisable at March&#160;31, 2020</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Range of Exercise Prices<br></font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(per share amounts in USD)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Weighted Average <br>Remaining<br>Contractual Life <br>(Years)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Number<br>of Units <br>Outstanding</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Weighted <br>Average<br>Exercise Price</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Number of Units<br>Exercisable</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Weighted<br>Average<br>Exercise Price</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">SARs:</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$29.27 to $35.51</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">4.29</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">280,706</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">32.77</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">184,546</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">34.59</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$45.40 to $50.17</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3.92</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">127,484</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">50.15</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">127,484</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">50.15</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$54.65 to $78.59</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2.65</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">461,183</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">61.07</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">399,482</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">61.79</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3.37</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">869,373</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">50.33</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">711,512</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">52.65</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">TSARs:</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$29.27 to $35.51</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">5.77</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,069,887</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">30.81</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">308,837</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">34.59</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$45.40 to $50.17</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">4.08</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">312,451</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">49.84</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">290,631</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">50.17</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$54.65 to $78.59</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3.81</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">966,019</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">60.27</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">674,442</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">61.67</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">4.74</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,348,357</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">45.46</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,273,910</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">52.48</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Stock options:</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$29.27 to $35.51</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3.81</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">69,207</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">33.40</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">53,767</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">34.59</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$45.40 to $50.17</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3.92</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">25,234</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">50.17</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">25,234</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">50.17</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$54.65 to $78.59</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2.63</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">90,310</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">61.14</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">78,436</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">61.94</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3.25</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">184,751</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">49.25</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">157,437</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">50.71</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;text-align:left;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:left;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE </font><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">6</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)</font></div></div><hr style="page-break-after:always"><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:48px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:left;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Compensation expense related to SARs and TSARs:</font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Compensation expense for SARs and TSARs is measured based on their fair value and is recognized over the vesting period. Changes in fair value each period are recognized in net income for the proportion of the service that has been rendered at each reporting date. The fair value at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;was $0.3 million compared with the recorded liability of $0.3 million. The difference between the fair value and the recorded liability is negligible and will be recognized over the weighted average remaining vesting period of approximately 1.9 years. The weighted average fair value was estimated at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;using the Black-Scholes option pricing model.</font></div><div style="line-height:140%;text-align:justify;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">For the three months ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, compensation expense related to SARs and TSARs included a recovery in cost of sales and operating expenses of $7.0 million ( </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">- an expense of $12.8 million). This included a recovery of $9.2 million ( </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;- an expense of $10.7 million) related to the effect of the change in the Company&#8217;s share price for the three months ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font></div><div style="line-height:140%;text-align:justify;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:72px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Deferred, restricted and performance share units (old plan and new plan):</font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:48px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;padding-bottom:4px;text-align:justify;padding-left:48px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Deferred, restricted and performance share units (old plan and new plan) outstanding at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;are as follows:</font></div><div style="line-height:140%;text-align:left;padding-left:48px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:92.98245614035088%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:32%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:17%;"></td><td style="width:1%;"></td><td style="width:17%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;font-weight:bold;">Number of Deferred <br>Share Units</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;font-weight:bold;">Number of Restricted <br>Share Units</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;font-weight:bold;">Number of Performance <br>Share Units (old plan)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;font-weight:bold;">Number of <br>Performance <br>Share Units (new plan)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Outstanding at December&#160;31, 2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">89,766</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">83,168</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">303,445</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">138,038</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">23,396</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">154,460</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">301,090</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Performance factor impact on redemption </font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;background-color:transparent; font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(117,674</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Granted in-lieu of dividends</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">3,264</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">6,308</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">3,892</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">11,683</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Redeemed</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(38,961</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Cancelled</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(1,064</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;border-right:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(844</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(1,064</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Outstanding at March&#160;31, 2020</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">116,426</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">242,872</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">149,858</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">449,747</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:48px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Performance share units granted prior to 2019 have a feature where the ultimate number of units that vest are adjusted by a performance factor of the original grant as determined by the Company&#8217;s total shareholder return in relation to a predetermined target over the period to vesting. These units relate to performance share units redeemed in the quarter ended March 31, 2020.</font></div></td></tr></table><div style="line-height:140%;padding-top:12px;text-align:justify;padding-left:48px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Performance share units granted in 2019 and subsequently reflect a new long-term incentive plan. The performance share units granted under the new plan are redeemable for cash based on the market value of the Company's common shares and are non- dilutive to shareholders. They vest over three years and include two performance factors: (i) relative total shareholder return of Methanex shares versus a specific market index (the market performance factor) and (ii) three year average Return on Capital Employed (the non-market performance factor). The market performance factor is measured by the Company at the grant date and reporting date using a Monte-Carlo simulation model to determine fair value. The non-market performance factor reflects management's best estimate to determine the expected number of units to vest. Based on these performance factors, the performance share unit payout will range between 0% to 200%, with the first payout of the new performance share units in 2022.</font></div><div style="line-height:140%;padding-top:12px;text-align:justify;padding-left:48px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Compensation expense for deferred, restricted and performance share units (old plan and new plan) is measured at fair value based on the market value of the Company&#8217;s common shares and is recognized over the vesting period. Changes in fair value are recognized in net income for the proportion of the service that has been rendered at each reporting date. The fair value of deferred, restricted and performance share units at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;was $10.0 million compared with the recorded liability of $4.9 million. The difference between the fair value and the recorded liability of $5.1 million will be recognized over the weighted average remaining vesting period of approximately 2.4 years. </font></div><div style="line-height:125%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:48px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">For the three months ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, compensation expense related to deferred, restricted and performance share units (old plan and new plan) included in cost of sales and operating expenses was a recovery of $4.7 million ( </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;- an expense of $14.9 million). This included a recovery of $8.4 million ( </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;- an expense of $11.4 million) related to the effect of the change in the Company&#8217;s share price for the three months ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">. </font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE </font><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">7</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)</font></div></div><hr style="page-break-after:always"><div><a name="s765F4ADF17AD5D6D90BDC9B202B86D2A"></a></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:40px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">9.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Changes in non-cash working capital: </font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Changes in non-cash working capital for the three months ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;and </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;were as follows:</font></div><div style="line-height:140%;text-align:center;padding-left:24px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.49122807017544%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:72%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Mar&#160;31 <br>2020</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Mar&#160;31 <br>2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Changes in non-cash working capital:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Trade and other receivables</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(2,612</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">38,445</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Inventories</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(39,707</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">51,687</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Prepaid expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">5,430</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">4,415</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Trade, other payables and accrued liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">79,192</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(46,892</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">42,303</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">47,655</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Adjustments for items not having a cash effect and working capital changes relating to taxes and interest paid</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(16,040</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">9,415</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Changes in non-cash working capital having a cash effect</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">26,263</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">57,070</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">These changes relate to the following activities:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Operating</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">(11,594</font></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">44,825</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Financing</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Investing</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">37,857</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">12,245</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Changes in non-cash working capital</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">26,263</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">57,070</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><a name="s0BE505DD99D15E768A931DACE326D1D6"></a></div><div style="line-height:140%;padding-left:0px;padding-top:40px;text-align:justify;"><font style="padding-top:40px;text-align:justify;font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;padding-right:24px;">10.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Financial instruments: </font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Financial instruments are either measured at amortized cost or fair value. </font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">In the normal course of business, the Company's assets, liabilities and forecasted transactions, as reported in U.S. dollars, are impacted by various market risks including, but not limited to, natural gas prices and currency exchange rates. The time frame and manner in which the Company manages those risks varies for each item based on the Company's assessment of the risk and the available alternatives for mitigating risks. </font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Company uses derivatives as part of its risk management program to mitigate variability associated with changing market values. Changes in fair value of derivative financial instruments are recorded in earnings unless the instruments are designated as cash flow hedges. The Company designates as cash flow hedges derivative financial instruments to hedge its risk exposure to fluctuations in natural gas prices and derivative financial instruments to hedge its risk exposure to fluctuations in the Euro compared to the U.S. dollar. </font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The fair value of derivative instruments is determined based on industry-accepted valuation models using market observable inputs and are classified within Level 2 of the fair value hierarchy. The fair value of all of the Company's derivative contracts as presented in the consolidated statements of financial position are determined based on present values and the discount rates used are adjusted for credit risk. The effective portion of the changes in fair value of derivative financial instruments designated as cash flow hedges is recorded in other comprehensive income. The spot element of forward contracts in the hedging relationships is recorded in other comprehensive income as the change in fair value of cash flow hedges. The change in the fair value of the forward element of forward contracts is recorded separately in other comprehensive income as the forward element excluded from the hedging relationships. </font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Until settled, the fair value of the derivative financial instruments will fluctuate based on changes in commodity prices or foreign currency exchange rates. </font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE </font><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">8</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;text-indent:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Natural gas forward contracts</font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Company manages its exposure to changes in natural gas prices for a portion of its North American natural gas requirements by executing a number of fixed price forward contracts. </font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Company has entered into forward contracts to manage its exposure to changes in natural gas prices for the Geismar site including (i) 40,000 mmbtu per day over the remaining term of 2020-2025 and (ii) 50,000 mmbtu per day for 2023 to 2032, which have been designated as cash flow hedges. Natural gas is fungible across the Geismar site. The Company has also entered into physical forward contracts to manage its exposure to changes in natural gas prices for the Medicine Hat facility. The Company has designated contracts for the 2021 and 2022 periods as cash flow hedges. Other costs incurred to transport natural gas from the contracted delivery point, either Henry Hub or AECO, to the relevant production facility represent an insignificant portion of the overall underlying risk and are recognized as incurred outside of the hedging relationship.</font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">As at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, the Company had outstanding forward contracts in North America designated as cash flow hedges with a notional amount of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$957 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;(</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">December&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;- </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$970 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">) and a net </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">negative</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;fair value of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$153.8 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;(</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">December&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;- negative fair value </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$195.1 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">), of which $19.8 million is included in other current liabilities. </font></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Euro forward exchange contracts </font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The Company manages its foreign currency exposure to euro denominated sales by executing a number of forward contracts which it has designated as cash flow hedges for its highly probable forecast euro collections. </font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">As at </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">, the Company had outstanding forward exchange contracts designated as cash flow hedges to sell a notional amount of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">52 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;euros (</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">December&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;- </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">18 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;euros). The euro contracts had a </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">positive</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;fair value of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$0.4 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;included in current assets (</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">December&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;- negative fair value of </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">$0.4 million</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;included in current liabilities). </font></div><div style="line-height:140%;padding-bottom:8px;padding-top:24px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Fair value </font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The fair value of the Company&#8217;s derivative financial instruments as disclosed above are determined based on Bloomberg quoted market prices and confirmations received from counterparties, which are adjusted for credit risk. </font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The table below shows the nominal net cash flows for derivative hedging instruments, excluding credit risk adjustments, based upon contracted settlement dates. The amounts reflect the maturity profile of the hedging instruments and are subject to change based on the prevailing market rate at each of the future settlement dates. Financial asset derivative positions are held with investment-grade counterparties and therefore the settlement day risk exposure is considered to be negligible. </font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.49122807017544%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"></td></tr><tr><td style="width:40%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Cash outflows by term to maturity</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1 year or less</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1-3 years</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3-5 years</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">More than<br>5 years</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Natural gas forward contracts</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">20,612</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">44,856</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">60,508</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">120,500</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">246,476</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Euro forward exchange contracts</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">367</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">367</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">The carrying values of the Company&#8217;s financial instruments approximate their fair values, except as follows:</font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.49122807017544%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:66%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:15%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">March 31, 2020</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">As at</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Carrying Value</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Long-term debt excluding deferred financing fees</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,205,233</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,788,762</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE </font><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">9</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Long-term debt consists of limited recourse debt facilities and unsecured notes. There is no publicly traded market for the limited recourse debt facilities. The fair value of the limited recourse debt facilities as disclosed on a recurring basis and categorized as Level 2 within the fair value hierarchy is estimated by reference to current market rates as at the reporting date. The fair value of the unsecured notes disclosed on a recurring basis and also categorized as Level 2 within the fair value hierarchy is estimated using quoted prices and yields as at the reporting date. The fair value of the revolving and construction credit facilities are equal to their carrying values. The fair value of the Company&#8217;s long term debt will fluctuate until maturity.</font></div><div><a name="s561D35DA2DF5524FBCF51BEAC8795010"></a></div><table cellpadding="0" cellspacing="0" style="padding-top:40px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">11.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Egypt Insurance Recovery:</font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">We experienced an outage at the Egypt plant from April to August 2019. In the quarter ended December 31, 2019, the Company recorded a $50 million ($25 million our share) insurance recovery which partially offsets repair costs charged to earnings and lost margins incurred in the second and third quarters of 2019. Subsequently, the final settlement agreement was signed by all parties, and an additional $9.8 million ($4.9 million our share) of insurance proceeds was recorded in the quarter ended March 31, 2020. </font></div><div><a name="s1be71d798d9349e7a15ef095fdd25f87"></a></div><table cellpadding="0" cellspacing="0" style="padding-top:40px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">12.</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Restatement:</font></div></td></tr></table><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">As part of the restatement relating to presentation of revenue and cost of sales of Atlas-produced methanol on a gross basis disclosed in the most recent annual consolidated financial statements, revenue and costs of sales for the three months ended </font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;have been increased by $160 million. Additionally, the amount of inventories recognized as cost of sales and operating expenses and depreciation and amortization for the three months ended March 31, 2019 has been increased by $100 million (see note 2).</font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Please refer to note 25 of the 2019 audited consolidated financial statements for further details of this restatement.</font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;"><br></font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE </font><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">10</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)</font></div></div><hr style="page-break-after:always"><div><a name="sB66A49A41BEB5BA4842392D2ABEDDC08"></a></div><div><br></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Methanex Corporation</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">Quarterly History</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">&#32;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-style:italic;">(unaudited)</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:140%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="23"></td></tr><tr><td style="width:32%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">Q1 2020</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2019</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Q4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Q3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Q2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Q1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2018</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Q4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Q3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Q2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Q1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:2px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">METHANOL SALES VOLUME</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:2px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #000000;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">(thousands of tonnes)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:2px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #000000;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:2px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #000000;border-right:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Methanex-produced</font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">&#160;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,976</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">7,611</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,056</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,965</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,669</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,921</font></div></td><td style="vertical-align:bottom;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">7,002</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,599</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,790</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,729</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,884</font></div></td><td style="vertical-align:bottom;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Purchased methanol</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">548</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,492</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">623</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">680</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">716</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">473</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">3,032</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">908</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">802</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">709</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">613</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Commission sales</font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">&#160;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">264</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,031</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">307</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">179</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">216</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">329</font></div></td><td style="vertical-align:bottom;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,174</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">245</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">279</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">321</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,788</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">11,134</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,986</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,824</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,601</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,723</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">11,208</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,752</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,871</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,767</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,818</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">METHANOL PRODUCTION</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:2px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #000000;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">(thousands of tonnes)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:2px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #000000;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:2px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #000000;border-right:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">New Zealand</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">443</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,865</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">513</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">469</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">446</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">437</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,606</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">389</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">478</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">252</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">487</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">USA (Geismar)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">530</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,929</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">480</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">514</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">530</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">405</font></div></td><td style="vertical-align:bottom;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,078</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">527</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">520</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">518</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">513</font></div></td><td style="vertical-align:bottom;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Trinidad (Methanex interest)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">429</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,743</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">474</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">384</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">429</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,702</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">448</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">353</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">442</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">459</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Egypt (50% interest)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">133</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">392</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">151</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">85</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">15</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">141</font></div></td><td style="vertical-align:bottom;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">613</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">155</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">128</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">165</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">165</font></div></td><td style="vertical-align:bottom;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Canada (Medicine Hat)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">153</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">610</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">149</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">155</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">155</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">600</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">160</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">144</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">143</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">153</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Chile</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">319</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,050</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">373</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">146</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">290</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">241</font></div></td><td style="vertical-align:bottom;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">612</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">206</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">112</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">128</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">166</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">2,007</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">7,589</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2,124</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,837</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,820</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,808</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">7,211</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,885</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,735</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,648</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1,943</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-right:1.5px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">AVERAGE REALIZED METHANOL PRICE</font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">&#160;</font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">2</sup></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:2px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #000000;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">($/tonne)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">267</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">295</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">256</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">272</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">326</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">331</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">405</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">401</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">413</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">405</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">402</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">($/gallon)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.80</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.89</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.77</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.82</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.98</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.00</font></div></td><td style="vertical-align:bottom;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1.22</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.21</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.24</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.22</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.21</font></div></td><td style="vertical-align:bottom;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:2px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #000000;border-right:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">ADJUSTED EBITDA </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:pt">3</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">138</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">566</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">136</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">90</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">146</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">194</font></div></td><td style="vertical-align:bottom;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1,071</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">197</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">293</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">275</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">306</font></div></td><td style="vertical-align:bottom;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:2px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #000000;border-right:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">PER SHARE INFORMATION </font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:pt">3<br></sup></font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">($ per common share attributable to Methanex shareholders)</font><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-style:italic;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:2px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:2px solid #000000;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Adjusted net income (loss)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.10</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1.5px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.93</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(0.27</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.34</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.73</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">6.86</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.15</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.92</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.75</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2.03</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Basic net income (loss)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.30</font></div></td><td style="vertical-align:bottom;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1.15</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.12</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(0.13</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.65</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.50</font></div></td><td style="vertical-align:bottom;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">7.07</font></div></td><td style="vertical-align:bottom;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2.07</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.62</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.36</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2.02</font></div></td><td style="vertical-align:bottom;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Diluted net income (loss)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">0.21</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">1.01</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">(0.21</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.51</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">0.50</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:2px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-left:2px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">6.92</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.68</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.61</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">1.36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">2.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-right:1.5px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">1</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Methanex-produced methanol represents our equity share of volume produced at our facilities and excludes volume marketed on a commission basis related to the 36.9% of the Atlas facility and 50% of the Egypt facility that we do not own.</font><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">2</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">Average realized price is calculated as revenue, excluding commissions earned and the Egypt non-controlling interest share of revenue, but including an amount representing our share of Atlas revenue, divided by the total sales volume of Methanex-produced and purchased methanol, but excluding Tolling Volume. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:12px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:140%;font-size:7pt;padding-left:0px;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">3</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:140%;text-align:justify;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;">All quarters presented for 2020 and 2019 reflect the adoption of IFRS 16. Financial information for 2018 comparative periods do not reflect the impact of IFRS 16.</font></div></td></tr></table><div style="line-height:140%;padding-left:12px;text-indent:-12px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;"><br></font></div><div style="line-height:140%;padding-left:12px;text-indent:-12px;font-size:7pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:7pt;font-style:italic;">&#160;</font></div><div><br></div><div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">METHANEX CORPORATION 2020 FIRST QUARTER&#160;&#160;&#160;&#160;PAGE 11</font></div><div style="line-height:140%;text-align:left;font-size:6pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:6pt;">QUARTERLY HISTORY (UNAUDITED)</font></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s0CA2CD37AF2F509C9322761E2BC890D3"></a></div><div><br></div><div style="line-height:140%;text-align:center;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;font-weight:bold;">SIGNATURES</font></div><div style="line-height:140%;padding-top:16px;text-align:justify;text-indent:32px;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, thereunto duly authorized. </font></div><div style="line-height:140%;font-size:12pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:12pt;"><br></font></div><div style="line-height:140%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:54%;"></td><td style="width:4%;"></td><td style="width:6%;"></td><td style="width:2%;"></td><td style="width:34%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;font-weight:bold;">METHANEX CORPORATION</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Date:&#160;May 5, 2020</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">By:</font></div></td><td colspan="3" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">/s/ KEVIN PRICE</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Name:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Kevin Price</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">Title:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">General Counsel</font></div><div style="font-size:8pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:8pt;">and&#160;Corporate Secretary</font></div></td></tr></table></div></div><div style="line-height:140%;font-size:9.5pt;"><font style="font-family:Optima LT Pro,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div>	</div></body>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
