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TheStreet Open House

Methanex's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: MEOH

Methanex Corp. (MEOH)

Q2 2012 Earnings Call

July 26, 2012 12:00 pm ET

Executives

Jason Chesko - Director, IR

Bruce Aitken - President & CEO

Ian Cameron - SVP & CFO

Michael MacDonald - SVP, Global Operations

John Floren - SVP, Global Marketing and Logistics

Analysts

Jacob Bout - CIBC

Ben Isaacson - Scotiabank

Bert Powell - BMO Capital Markets

Hassan Ahmed - Alembic Global

Steve Hansen - Raymond James

Robert Kwan - RBC Capital

Paul D'Amico - TD Securities

Charles Neivert - Dahlman Rose

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Methanex Corporation second quarter results conference call. As a reminder, this call is being recorded on Thursday, July 26, 2012. I would like to turn the meeting over to Mr. Jason Chesko, Director of Investor Relations. Please go ahead, Mr. Chesko.

Jason Chesko

Good morning, ladies and gentlemen. I would like to remind our listeners that our comments and answers to your questions today may contain forward-looking information. This information by its nature is subject to risks and uncertainties that may cause the stated outcome to differ materially from the actual outcome. Certain material factors or assumptions were applied in drawing the conclusions or making the forecast or projections which are included in the forward-looking information.

Please refer to our latest ND&A and to our 2011 annual report for more information. For clarification any references to EBITDA, cash flow or income made in today's remarks reflect our 60% economic interest in the Egypt project. In addition we report our adjusted EBITDA and adjusted net income to exclude the mark-to-market impact on share-based compensation and expenses and charges related to the Louisiana project. We report our results in this way to make a better measure of underlying operating performance.

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