AGM 2021

Apr 29, 2021

Hello, and welcome to Methanex Corporation Annual General Meeting 2021. It is now my pleasure to turn today's meeting over to Mr. Doug Arnold. Sir, the floor is yours. Thank you. Good morning. My name is Doug Arnell, and I am Chair of the Board of Methanex Corporation. We are pleased to host this meeting both in person and through a virtual meeting platform accessible to all our shareholders regardless of physical location. I I would like to acknowledge that this is the first time we have had a virtual aspect to our Annual Shareholder Meeting, whereby shareholders can attend and vote online as well as in person. I would now officially like to call the meeting to order. In accordance with the company's bylaws, I will preside at this Annual General Meeting. Mr. Kevin Price, the Corporate Secretary of the company is present and in accordance with the bylaws will act as secretary and record the minutes. Mr. Nazeem Nathu of AST Trust Company is attending the meeting by phone and will act as scrutineer for this meeting and will assist in the tabulation of proxies and ballots. The Secretary has in his possession the affidavit of mailing from AST Trust Company as to due mailing of the notice calling this Annual General In the form of proxy and the information circular dated March 4, 2021. These documents were mailed to those who were shareholders of the company as at March 1, 2021, which is the record date. I direct a copy of the affidavit mailing to be kept by the Secretary with the records Of this meeting. The company's bylaws provide that the quorum necessary for the transaction of business at a meeting of shareholders is 2 shareholders present in person or by proxy and representing not less than 25% of the votes entitled to be cast at such meeting. I've been advised by the scrutineer that there are 114 shareholders holding 59,000,000 353,130 common shares represented in person or by proxy at this meeting. This represents 77.88 percent of the 76,209,280 issued and outstanding common shares. Based on that information, I find that a quorum of shareholders is present and therefore declare that the meeting is properly called, Duly constituted and able to proceed to the transaction of business. With respect to voting, we will conduct the votes on the matters before us by a ballot. On a ballot, every registered shareholder and proxy holder entitled to vote on the matter has one vote in respect of each share entitled to vote on the matter and held For those registered shareholders or proxy holders attending virtually, The ballot will be open for all resolutions at the same time. This will allow you to choose to vote on each resolution immediately or wait until the conclusion of discussion Of each resolution prior to casting your vote. For those shareholders attending in person, you will have an opportunity to vote through a paper ballot At the conclusion of discussion of all resolutions. Once discussion on all items of business has concluded, I will give you a minute to enter your votes And then declare voting closed on all resolutions. There will also be an opportunity for registered shareholders and proxy holders to ask specific questions to each resolution After the motion for each resolution, registered shareholders and proxy holders attending online may ask their question I will now commence the formal business of the meeting. The first item of business is the receipt of the consolidated financial statements of the company for the year ended December 31, 2020, And the auditors report thereon. This material was contained in our annual report, which was mailed to registered shareholders And those beneficial shareholders who requested it. I now declare that the financial statements and the auditors report thereon have been received by the shareholders as submitted to this meeting. Now to the item of election of directors. The company proposes to elect 11 directors. They are James Bertram, Philip Cook, Paul Dobson, John Florin, Maureen Howe, Robert Kostelnik, Leslie O'Donohue, Kevin Rogers, Margaret Walker, Benita Warmbold. And as I mentioned before, I am Doug Arnell, and I too am standing for reelection to the Methanex Board. As no other nominations have been received by the company, I now Claire, the nomination is closed. I will now call for a motion to nominate each of the company's 11 nominees For election as directors of the company to hold office for a term expiring not later than the close of the next annual meeting of the company. Do I have a motion? Yes. Thank you. Is there a seconder? Yes. Thank you. Registered shareholders and proxy holders may vote at this time And may also submit any questions you have related to this specific resolution. We will now wait a brief period of time to allow for the broadcast delay As there are no questions from the meeting room, I will now ask the moderator if there have been any questions submitted online that are specific to this motion. Mr. Chair, no questions specific to this motion have been submitted. Thank you. The next item of business is the reappointment of KPMG as the auditor of the company and to authorize the Board of Directors to determine the amount I will now call for a motion that KPMG chartered professional accountants We reappointed auditors of the company to hold office until the termination of the next annual meeting of shareholders or until a successor is appointed And the Board of Directors be authorized to fix the amount of the auditors remuneration. Do I have a motion? Yes. Thank you. Is there a seconder? Yes. Thank you. Registered shareholders and proxy holders may vote at this time and may also submit any questions you have related to this specific resolution. We will now wait a brief period of time to allow for the broadcast delay and for time to submit the questions. As there are no questions from the meeting room, I will now ask the moderator if there have been any questions submitted online that are specific to this motion. Mr. Chair, no questions specific to this motion have been submitted. Thank you. The next matter for consideration is the advisory resolution with respect to Methanex's approach to executive compensation, the so called say on pay vote. I will now call for a motion to approve the resolution set out under advisory say on pay vote on approach to executive compensation And the information circular dated March 4, 2021. Do I have a motion? Yes. Thank you. Is there a seconder? Yes. Thank you. Registered shareholders and proxy holders may vote at this time and may also submit any questions you have related to this specific resolution. We will now wait a brief period of time to allow for the broadcast delay and for time to submit the questions. As there are no questions from the meeting room, I will now ask the moderator if Mr. Chair, no questions specific to this motion have been submitted. Thank you. That was our final resolution. For those registered shareholders and proxy holders attending virtually who have not voted on all of the resolutions, Please do so now as I will close the poll in 30 seconds. For all registered shareholders and proxy holders in attendance, you may please vote now and we will collect Your balance. The polls are now closed. I have now received the scrutineers' report on the votes conducted by the ballot. With respect to the election of directors, I'm advised by the scrutineers that each of the proposed nominees has been duly elected. With respect to the resolutions to appoint the auditors And the advisory vote on executive compensation, I'm advised by the scrutineers that these resolutions have been duly carried. I declare all resolutions carried. As there is no further business to be brought Before this meeting, I now declare the Annual General Meeting terminated. If there are any questions that you have submitted that have not been responded to Or if there are any other questions you may have, please contact our Investor Relations department. You can find their contact information on our website. Thank you for joining us today. Thank you. This concludes the meeting. You may now disconnect.