3Q23 Results

OCTOBER 2023

3 Q 2 3 R E S U L T S

D I S C L A I M E R

Disclaimer

Summary

financial information

This information is given in summary form and does not purport to be complete. Information in this presentation, including financial forecasts, should not be considered as advice or a recommendation to investors or prospective investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs.

Before acting on any information, you should consider the appropriateness of the information regarding these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international

transactions, currency risk.

This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to GM's businesses and operations, market conditions, operation results and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward-looking statements. GM does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies beyond GM's control. Past performance is not a reliable indication of future performance. Unless otherwise specified all information is for the period ended on September 30, 2023.

This document includes summary financial information and should not be considered a substitute for our full financial statements, including footnotes, management/auditors' reports, and related management's discussion and analysis.

You can access our financial reports and other disclosures at: www.gmexico.com www.bmv.com.mx

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3 Q 2 3 R E S U L T S

M A I N H I G H L I G H T S

01Main Highlights

ESG Highlights

Scorecard

Financial Highlights

Balance sheet

Debt Maturity Profile

3 Q 2 3 R E S U L T S

G R U P O M E X I C O

ESG Highlights

Sustainability is a key pillar of Grupo Mexico's business model.

Investments with a Lasting Impact

Safety Prevention Approach

Innovation in

Water Usage and

Efficiency

Promoting Health and Well-being

We are diligently constructing infrastructure to provide clean drinking water and sewage systems in Cananea and Nacozari, to address the pressing water scarcity issues. It will benefit approximately 75,000 residents.

Our Buenavista del Cobre unit in Sonora received the "Safe and Healthy Work Environments" (ELSSA) certification following a thorough audit conducted by the Mexican Social Security Institute.

At our new tailings filtration plant in Quebrada Honda, Peru, we are reclaiming approximately 6,000 cubic meters of water per day. This filter press is the largest of its kind in the mining industry.

We have forged two strategic alliances with non-profit organizations and "Dr. Vagón", with "Colectivo 50+1", with the purpose of raising awareness about the importance of early detection of breast cancer and cervical cancer, and with the 'Fleishman Foundation' to provide visual health services to vulnerable communities.

5

3 Q 2 3 R E S U L T S

G R U P O M E X I C O

US$10,963M

9M23 SALES

8.7% vs 2022

17.1% vs 3Q22

Mainly due to an increase in copper sales volumes, good metrics in the Transportation Division and a remarkable financial performance in the Infrastructure Division.

US$5,515M

YTD EBITDA

9.2% vs 9M22

25.1% vs 3Q22

US$4,335M

9M23 OPERATING INCOME

7.6% vs 9M22

27.3% vs 3Q22

P$1.00r

3Q23 DIVIDEND

5.4%

3Q23 DIVIDEND YIELD

765,602 TONS

OF CU

YTD PRODUCTION

3.8% vs 2022 -1.0%vs 3Q22

US$1.20/LB

9M23 NET CASH COST

+6.2% vs 9M22 US$1.29/lb in 3Q23

Scorecard We show quarterly and cumulative positive financial results.

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3 Q 2 3 R E S U L T S

G R U P O M E X I C O

Financial Highlights

USD

3Q23

3Q22

VAR %

REVENUE (MM)

3,647

3,115

17.1%

OPERATING INCOME (MM)

1,373

1,078

27.3%

EBITDA (MM)

1,782

1,424

25.1%

EBITDA MARGIN

48.9%

45.7%

CASH COST

1.29

1.28

0.3%

DIVIDEND PER SHARE ($MXN)

1.00

0.75

9M23

9M22

VAR%

10,963

10,083

8.7%

4,335

4,027

7.6%

5,515

5,050

9.2%

50.3%

50.1%

1.20

1.13

6.2%

2.80

3.25

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3 Q 2 3 R E S U L T S

G R U P O M E X I C O

Grupo Mexico maintains a solid balance sheet

Low leverage

95% of the debt has a fixed rate

Debt

0.3x Net Debt/EBITDA ratio

77%

23%

MEXICAN

US DOLLARS

PESOS

Dividend Payments

1Q

$1.50

2Q

$1.75

2021

3Q

$1.75

4Q

$1.75

1Q

$1.50

2Q

$1.00

2022

3Q

$0.75

4Q

$1.00

1Q

$1.00

2023

2Q

$0.80

3Q

$1.00

5.9%

2021

7.4%

7.2% Average

7.4%

8.1%

6.3%

5.1%

2022

4.7%

5.2% Average

4.8%

4.4%

3.7%

2023

5.4%

4.5% Average

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3 Q 2 3 R E S U L T S

G R U P O M E X I C O

Debt Maturity

Profile

MINING DIVISION

TRANSPORTATION DIVISION

INFRASTRUCTURE DIVISION

Comfortable maturity schedule.

No significant payments until 2035.

Cash reached US$6.8Bn.

US Millions

2023

26

2024

237

2025

757

2026

51

2027

917

2028

210

2029

496

2030

59

2031

64

2032

68

2033

19

2034

21

2035

1,021

2036

22

2037

24

2038

25

2039

26

2040

1,109

2041

-

2042

1,200

2043

-

2044

-

2045

1,500

2046

-

2047

-

2048

-

2049

-

2050

1,000

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3 Q 2 3 R E S U L T S

M I N I N G D I V I S I O N

02Mining Division

Copper Market

Financial Highlights

Projects Update

Continuous Value Creation

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Disclaimer

Grupo Mexico SAB de CV published this content on 25 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2023 01:50:09 UTC.