#1O MACQUARIE FIBRA Macquarie México FIBRA Macquarie México Investor Presentation Third Quarter 2023 1#2Important information FIBRA Macquarie México MACQUARIE This document has been prepared by Macquarie Asset Management México, S.A. de C.V. ("MAM Mexico"), as manager, acting in the name and on behalf of CIBanco, S.A., Institución de Banca Múltiple ("CIBanco"), as trustee, of FIBRA Macquarie México ("FIBRA Macquarie"). As used herein, the name "Macquarie" or "Macquarie Group" refers to Macquarie Group Limited and its worldwide subsidiaries, affiliates and the funds that they manage. Unless otherwise noted, references to "we" "us", "our" and similar expressions are to MAM Mexico, as manager, acting in the name and on behalf of CIBanco, as trustee, of FIBRA Macquarie. This document does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, and securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. This document is an outline of matters for discussion only and no representations or warranties are given or implied. This document does not contain all the information necessary to fully evaluate any transaction or investment, and you should not rely on the contents of this document. Any investment decision should be made based solely upon appropriate due diligence and, if applicable, upon receipt and careful review of any offering memorandum or prospectus. This document includes forward-looking statements that represent our opinions, expectations, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. These statements may be identified by the use of words like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "will," "should," "seek," and similar expressions. The forward-looking statements reflect our views and assumptions with respect to future events as of the date of this document and are subject to risks and uncertainties. Actual and future results and trends could differ materially from those described by such statements due to various factors, including those beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. We do not undertake any obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. No risk control mitigant is failsafe. Notwithstanding the mitigants described herein, losses may occur as a result of identified or unidentified risks. Past performance is no indication of future performance. Certain information in this document identified by footnotes has been obtained from sources that we consider to be reliable and is based on present circumstances, market conditions and beliefs. We have not independently verified this information and cannot assure you that it is accurate or complete. The information in this document is presented as of its date. It does not reflect any facts, events or circumstances that may have arisen after that date. We do not undertake any obligation to update this document or correct any inaccuracies or omissions in it. Any financial projections have been prepared and set out for illustrative purposes only and do not in any manner constitute a forecast. They may be affected by future changes in economic and other circumstances and you should not place undo reliance on any such projections. Recipients of this document should neither treat nor rely on the contents of this document as advice relating to legal, taxation or investment matters and are advised to consult their own professional advisers. No member of the Macquarie Group accepts any liability whatsoever for a direct, indirect, consequential or other loss arising from any use of this document and/or further communication in relation to this document. Any discussion in this document of past or proposed investment opportunities should not be relied upon as any indication of future deal flow. Qualitative statements regarding political, regulatory, market and economic environments and opportunities are based on our opinion, belief and judgment. Such statements do not reflect or constitute legal advice or conclusions. Investment highlights reflect our subjective judgment of the primary features that may make investment in the relevant sector attractive. They do not represent an exclusive list of features, and are inherently based on our opinion and belief based on our own analysis of selected market and economic data and our experience in Mexico. The growth opportunities described herein are not necessarily reflective of all potential investments, which may have significantly different prospects and other terms and conditions. No assurance can be given that any such growth opportunities will be pursued by FIBRA Macquarie. This document is not for release in any member state of the European Economic Area. Unless otherwise stated all information presented here in is as of September 30, 2023. Other than Macquarie Bank Limited ABN 46 008 583 542 ("Macquarie Bank"), any Macquarie Group entity noted in this document is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment. 2#3Leveraging a well-positioned platform to create value Strong Portfolio High quality industrial focused portfolio Property Management 1 2 FIBRA Macquarie México MACQUARIE 3 Robust Performance 5 Capital Management 4 Development Program Vertically integrated Property Administration Platform Propietary Development Program with attractive pipeline Robust financial and operating performance Prudent Capital Management 3#4Overview High quality industrial-focused portfolio in prime markets¹ 000 ©ས[][]] Mİ 35.6m sqft Gross leasable area² US$3.0bn Total assets 77.7% Of rents are US$-linked³ 76.2% Industrial footprint in the North US$1.3bn Market cap4 US$204.4m5 NOI (LTM) 1. Data as of September 30, 2023. 2. Includes 100% of GLA of properties owned through JVs. 3. Based on annualized base rent and proportionately combined figures for properties owned through JVs. 4. FX: September 30, 2023: Ps. 17.6195, certificate price Ps. 29.21, Outstanding CBFIs: 761,288,719. 5. LTM Average USDMXN FX Rate: 18.2955. 6. MCMA; Mexico City Metropolitan Area. 7. Includes 100% of the property information with respect to each of the nine retail properties held through a 50/50 joint venture. Tijuana 25/6.3% Mexicali 13/3.1% Nogales 2/2.8% Hermosillo 11/5.4% Los Mochis 1/0.7% Industrial Retail² Combined Irapuato 1/0.5% Guadalajara 8/2.5% 1/0.4% Querétaro 11/5.6% MCMA6 9/3.4% 10/9.0% FIBRA Macquarie México MACQUARIE Cd. Juárez 35/13.0% Chihuahua 12/3.5% Reynosa Nuevo Laredo 9/3.2% 19/7.9% Matamoros Monterrey 4/2.1% 39/16.5% 1/1.1% Saltillo 11/3.7% San Luis Potosí 7/2.2% Cancún 2/1.0% Puebla 23/5.3% Tuxtepec 2/1.0% 239 Industrial properties 177 Retail properties 4#5MPA - FIBRAMQ's vertically-integrated property administration platform ■MPA is as an integral service's platform through a high-quality team shaped by ~90 professionals - MPA is an employer of choice recognized as Great Place to Work® ■ Scalable platform with capacity to integrate additional properties ■ Customer-centric platform with direct relationship with 280+ customers throughout the country Capabilities -00-0 -0-0-0- Property Management Leasing 000 Accounting and Finance Legal Construction and Development Sustainability IT Health and Safety Value creation stays within the FIBRA 1 Scalability ■ Low marginal cost with incremental GLA ■ Direct relationship with tenants allows for new business opportunities ■ Growth opportunities 2 Cost advantages ■ Services paid at cost ■ No leasing commissions ■ Effective cost management ■ Economies of scale 3 Investor alignment Internal capabilities without extra cost to investors No development fees FIBRA Macquarie México MACQUARIE On-the-ground presence in 10 markets across Mexico allows MPA to address customer needs 24/7 LO 5#6O MACQUARIE FIBRA Macquarie México 01 Favorable market dynamics 945 6#7Dynamic market fundamentals driving growth FIBRA Macquarie México MACQUARIE Nearshoring, EV transition and Ecommerce growth are driving Mexico's favorable position in the global supply chain and providing strong tailwinds to the industrial real estate sector ((વ Nearshoring • Increased competitiveness of Mexican exports as a result of geographical location, trade alliances, and tensions in global trade Real estate market dynamics • Constrained supply driven by low vacancy and high rental rate growth, high net absorption and limited land availability paired with disciplined supply under construction Demographics Demographic bonus: Mexico continues to benefit from a relatively young population, with 57.5% of the population under the age of 35 • Labor: Access to a skilled, competitive and young labor market · Supply chain evolution Resiliency: Migration from Just-in-Time to Just-in-Case inventory management models • Regionalization: Proximity to customers and markets means favorable shipping times, costs and convenience Key industries • Ecommerce: Increasing demand from logistics users driven by increasing Ecommerce penetration • Auto: Mexico's Auto industry has pivoted towards higher value-add products and is transitioning into EV 7#8Mexico plays an important and growing role in the global supply chain FIBRA Macquarie México MACQUARIE FIBRA Macquarie benefits directly from nearshoring due to its strong presence in northern markets Avg. manufacturing wages (US$/hr)1 1.9 1.8 Mexico -China 7.0 U.S. imports - US$bn² Mexico China 3.9 365 230 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Avg. transit time - Mexico to U.S. (days)³ China: 60.4 days 472 406 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 FDI in Mexico (US$bn) 4 48.4 Strategic position in global trade • China labor costs have outpaced Mexico's in the past decade • Mexico has consolidated as the top commercial partner from the U.S. • Mexico's proximity to the U.S. allows companies to shorten their supply chains Increased investments in Mexico • FDI at highest level since 2015 • +US$20bn in announced investments LTM 2.4 2.4 1.5 1.1 1.1 0.3 3.1 3.1 35.9 34.0 34.1 34.6 36.4 34.4 2.4 2.4 31.2 31.8 2.2 30.4 28.2 27.2 25.6 21.8 1.5 Chicago Houston Los Angeles New York Mexico City ■Monterrey ■Guadalajara 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2Q234 1. INEGI (Jun 2023), National Bureau of Statistics of China - Trading Economics (Jun 2023) and PwC analysis of data from International Labor Comparison and IHS Markit (2021). 2. United States Census Bureau (as of Jun 2023, annualized 1H23) 3. AlixPartners with information from Freightos (Dec 2022). 4. INEGI (Jun 2023 LTM) 8#9Industries supporting Mexico's real estate sector FIBRA Macquarie México Ecommerce sales growth (US$bn)¹ Ecommerce sales growth (2019 - 2022): MXN: 28% | USD: 27% CAGR 57% 69 65 101 Auto parts sector at record levels (US$bn)² Domestic Market Exports % Change YoY 30% 17% 20% 13% 6% 6% 1% 2% 2% 7% 1% -19% 87 82 78 60 51 MACQUARIE 8% 88 116 107 97 88 98 88 90 90 91 95 79 10 41 24 26 20 15 1 1 2 3 4 4 4 6 8 10 62 52 58 65 55 68 898 71 71 73 79 19 81 65 55 89 79 46 38 26 24 22 13 14 19 19 18 18 17 14 16 18 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023F 2024F 2025F 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E High growth industries to increase their presence in Mexico Ecommerce logistics Increasing penetration of ecommerce drive demand for logistics real estate Electronics manufacturing Competitive tensions between US and China is structurally changing electronics supply chain 1. Source: AMVO (2023) and Euromonitor "E-commerce in Mexico" (March 2021). 2. Source: INEGI and Industria Nacional de Autopartes (June 2023). 880088 Medical device manufacturing Accelerating due to reduced reliance on China, nearshoring and aging population EV & Auto USMCA driving increase in regional content EV supply chain proving resilient 9#10O MACQUARIE FIBRA Macquarie México 02 Growth pipeline 10 10#11Proven Development platform FIBRA Macquarie México Prudently expanding portfolio through high quality industrial developments in core industrial markets Expanding portfolio Completed/In progress developments • Target markets: Tijuana, Ciudad Juarez, Monterrey, Reynosa, MCMA, and Guadalajara • Over next five years targeting to add ~5 million sqft Tijuana Ciudad Juarez Guadalajara Reynosa Monterrey MCMA 45 US$250.7m Total Developments / Expansions¹ Total Investment 3.8m sqft Total GLA from growth projects² ~10.9% Development yield³ 8.8 years Average lease term4 Note: data as of September 30, 2023. 1. 2. 3. 4. Includes 100% of the property information with respect to properties held through joint ventures. Considers proportionally combined figures from joint ventures. The NOI yield is presented on the basis of the agreed upon terms for the expansion or development and does not reflect actual NOI yield received, which amounts may differ from the agreed upon terms. Metric considers the initial lease term of the completed projects. MACQUARIE 100% Occupancy of completed projects 11#12Growth capex projects 2.0m sqft of growth GLA under development or stabilization LTD US$251m of expansions and development completed or committed at ~10.9% yield, totaling 3.8m sqft of GLA Targeting stabilized NOI yield of 9% to 11% Buildings under development/ stabilization: 7 GLA: 1,961K sqft of GLA Locations: Reynosa (143k sqft of GLA) MCMA (734k sqft of GLA) Total Investment: US$159.8m Tijuana (406k sqft of GLA) Ciudad Juárez (267k sqft of GLA) Monterrey (410k sqft of GLA) Land bank for future industrial development: Additional potential GLA of 3.0m sqft Land bank by location ('000s sqft) GLA under Completed + Additional Total Land size Completed const. & stab.² under const. potential GLA potential GLA MCMA1 Monterrey 1,580.7 734.2 734.2 734.2 2,216.0 183.0 410.3 593.3 210.6 803.9 Reynosa 523.6 143.5 143.5 95.4 238.9 Ciudad Juárez 5,868.1 266.8 266.8 Tijuana 2,681.7 406.1 Subtotal 12,870.1 183.0 1,960.9 406.1 2,144.0 2,192.4 467.3 2,965.7 2459.2 873.4 5,109.7 Additional Expansions Total n.a. 12,870.1 106.7 289.7 8.1 1,969.0 114.7 2,258.7 n.a. 2,965.7 5,224.4 1. MCMA; Mexico City Metropolitan Area, FIBRA Macquarie JV equity stake is 78.6%. 2. Under construction or stabilization. Monterrey Tijuana E E Ciudad Juarez Monterrey Reynosa 114.7 MCMA 12#13O MACQUARIE FIBRA Macquarie México 03 Quality portfolio 13#14Ideally positioned to support Mexico's manufacturing and logistics industries FIBRA Macquarie México MACQUARIE Industrial highlights • Strongest presence in Northern states of Mexico, a high industrial demand region, benefiting from compelling tailwinds • 91.7% of rents in US$ with annual contractual increases • Customer focused internal property administration platform with local team of real estate professionals • Opportunity to further diversify in industries such as logistics and medical device manufacturing 76.2% ABR¹ from the Northern and Border states 3.5 Weighted average lease term remaining in years ABR% by region ABR% by customers Central 12% Bajio 12% Distribution 27% Other 1% 24.3% ABR¹ contribution of Top 10 customers ABR% by segment Other 9% Medical 5% Automotive Packaging 6% 36% Logistics 11% Electronics 12% North 76% Manufacturing 72% Consumer Goods 22% Note: data as of september 30, 2023. 1. ABR: Annualized Base Rent. 14#15Defensive, high quality retail portfolio Retail highlights 389 • Defensive portfolio primarily in Mexico City Metropolitan. Area (MCMA), Mexico's top retail market • Majority of leases are inflation protected and provide for recovery of repairs & maintenance and insurance • 100% of leases denominated in Mexican Pesos • Utilization of green building certifications 82.4% located in top three retail markets of Mexico¹ ABR% by geography³ Cancun 7% Tuxpec 8% Monterrey 10% Irapuato Guadalajara 3% 3% 3.4 Weighted average lease term remaining in years ABR% by space type³ Sub-anchors 14% Office 7% Other 5% FIBRA Macquarie México MACQUARIE 44.0% ABR² contribution of Top 10 customers ABR% by tenant type³ Other 27% Anchor 38% Supermarket 23% Restaurant 12% Note: data as of September 30, 2023. 1. Refers to Mexico City Metropolitan Area (MCMA), Monterrey and Guadalajara. 2. ABR: Annualized Base Rent. 3. Includes 100% of rents from properties held in 50/50 joint venture. MCMA 70% Small shops 36% Services 7% Offices Department 6% Gym Cinemas 8% 7% Store & app. 10% 15#16O MACQUARIE FIBRA Macquarie México 04 Prudent capital management 16#17Well-positioned balance sheet¹ S 5.6% 96.7% $ Average cost of debt of debt denominated in US$ 94.2% % Fixed rate debt 5.0x $ Net debt/EBITDA ratio³ FIBRA Macquarie México MACQUARIE US$329m Undrawn committed revolver 33.5%² Real Estate Net LTV 4.3 years Average debt tenor remaining 58.8% Green financing and sustainability-linked debt 1. As of September 30, 2023. 2. Real estate net LTV calculated as proportionally combined (debt + tenant security deposits - cash - deferred sales proceeds) / (fair market valued property values + land reserves + work in progress). 3. Net debt/EBITDA ratio is in USDe using 3Q23 average FX Rate: 18.2955 for 3Q23 LTM EBITDA and EOP FX Rate: 17.6195 for debt balances. 4. Calculated using percentage of investment properties value. Ⅲ 69.7% Assets unencumbered4 17#18O MACQUARIE FIBRA Macquarie México 05 Reliable financial performance 18#19Solid performance and prudent distribution payout ratio Net operating income (NOI)1 (US$m) (US$ per CBFI) 0.21 FIBRA Macquarie México 0.22 0.23 0.23 0.23 0.24 0.27 NOI Margin (%) 204 186 200 170 172 177 172 175 100 0 2017 2018 2019 2020 2021 2022 3Q23 LTM 87.0% 87.5% 87.8% 87.4% 87.7% 87.4% 86.5% Adjusted funds from Operations (AFFO)¹ and Distribution (US$m) (US$ per CBFI) 0.12 0.13 0.13 0.12 0.12 0.13 0.14 150 97 99 99 100 64 65 59 103 71 32 109 103 92 89 67 71 76 78 50 ■ AFFO ■ Distribution 0 2017 2018 2019 2020 2021 2022 3Q23 LTM AFFO Payout Ratio 66.0% 65.4% 68.9% 73.2% 79.7% 73.7% 71.9% 1. Margins are calculated as a % of total revenues. MACQUARIE 19#20Solid performance and prudent distribution payout ratio Net operating income (NOI)1 FIBRA Macquarie México MACQUARIE (Ps. m) (Ps. per CBFI) 6,000 3.98 4.22 4.43 4.84 4.65 4.93 4.91 4,000 3,222 3,307 3,403 3,693 3,542 3,753 3,740 2,000 0 2017 2018 2019 2020 2021 2022 3Q23 LTM NOI Margin (%) 87.0% 87.5% 87.8% 87.4% 87.7% 87.4% 86.5% Adjusted funds from Operations (AFFO)¹ and Distribution (Ps. m) (Ps. per CBFI) 2.26 2.43 2.58 2.59 2.38 2.71 2.62 3,000 1,828 1,907 1,980 1994 2,065 1,995 1,814 2,000 1,207 1,248 1,365 1,447 1,447 1,523 1,434 1,000 ■ AFFO ■ Distribution 0 2017 2018 2019 2020 2021 2022 3Q23 LTM AFFO Payout Ratio 66.0% 65.4% 68.9% 73.2% 79.7% 73.7% 71.9% 1. Margins are calculated as a % of total revenues. 20 20#21O MACQUARIE FIBRA Macquarie México 06 Sustainability focus 21#22FIBRA Sustainability at the core of our business. 2040 Net Zero Plan • FIBRA Macquarie commits to support a goal of net zero greenhouse gas emissions by 2040, in line with global efforts to limit warming to 1.5°C by 2050 FIBRA Macquarie will prioritize the reduction of real economy emissions, committing to achieve net zero by 2040 for Scope 1 and 2 absolute emissions KPIs, Goals and Certifications Green Building Certification program 48% Total GLA by 2027 Accomplishments CO2 Have adopted actions framed within our scope of business to achieve a material reduction in the intensity of Scope 3 emissions by 2040 from tenant-related energy consumption, purchasing and embodied carbon in construction GREEN LEASE LEADER Recognized as Green Lease Leader Gold after being the 1st in Mexico to be recognized with the Gold level in 2022 GREEN Macquarie México BUILDING COUN LEED GOLD USGBC MACQUARIE Green building certification coverage on FIBRAMQ's consolidated portfolio now represents 35.6% of GLA¹ Edge by IFC REEN BUIL GREEN LDING COU LEED USGBC Achieved the first LEED C&S v4 Gold certification for industrial buildings in LatAm Rated #1 for 2022 Public Disclosure in its GRESB Latam Peer Group Stakeholder Management 2022 RESIDENTS KINGSLEY EXCELLENCE SATISFACTION INROADS • • Strong Industrial portfolio tenant satisfaction, with 2021 survey results showing FIBRAMQ outperforming the Kingsley US and Mexico indices² Commitment with our communities, through IMPAC(+) in collaboration with Inroads, a talent support program that enables social mobility opportunities for emerging youth Great Place To • Achieved the Great Place to Work recognition for MMREIT Property Administration ("MPA"), during the 2022-2023 period Work. Source: Company information. E ge by IFC Awarded EDGE Champion status by the IFC for green building performance GRESB 58.8% of Green financing linked portion of drawn debt ➤ Supported by second party opinions Reporting Standards and Frameworks Alignment to globally recognized ESG reporting standards and frameworks GRI USTAINABILIT ACCOUNTIN TCFD SAM SASB STANDARDS BOARD GRESB Now a Part of S&P Global 1. Considers all the properties in the portfolio that have any green building certification in place. 2. 2021 Survey According to Kinglsey Tenant Experience Assessment. Kingsley is considered the a leader in customer satisfaction assessments. 2. As at September 30, 2023. Disclaimer: The awards/rankings referred to herein were given to Macquarie by sources referenced, based on methodologies and criteria not known to Macquarie. Notice of awards/rankings is solely for informational purposes and should not be construed or relied upon as any indication of future performance of Macquarie or any of its funds or investments. Unless otherwise noted, information herein is presented as of its date and does not reflect any facts that may have arisen after. Macquarie has no obligation to update this document or correct any inaccuracies or omissions in it. 22#23Alignment with investors and value creation FIBRA Macquarie México Corporate governance and fee construct are aligned with investors interest and value creation 1 3 Fees • Base management fee of 1% per annum of market capitalization paid every six months • Compensation of Manager staff (CEO, CFO, etc.) paid by the Manager, not by the FIBRA • Performance fee hurdle rate adjusts for high inflation periods as it is based on Mexican CPI + 5%, versus other peer fee structures that have fixed hurdles (e.g. 9%) - Performance fees must be reinvested in certificates • No other fees (e.g. acquisition, development, leasing, or property administration) paid to Manager Structure • Follows Macquarie Asset Management's ("MAM") highly disciplined and institutional approach to fund management • Access to MAM's broader real assets and fund management expertise • MPA as an internal service's platform, where value creation stays within FIBRAMQ and no fees paid to third parties 2 Governing bodies Technical Committee MACQUARIE • FIBRAMQ has 6 out of 7 Independent Members in its Technical - Committee ("TC") and has a Lead Independent Member - Appointed via annual consent from certificate holders¹ Required to reinvest at least 40% of their compensation Since 2022, FIBRAMQ has separated Chairman and CEO functions • The TC has the following subcommittees: - Audit Committee - Indebtedness Committee Ethics and Corporate Governance Committee FIBRA Committee • Formed by 4 senior directors of MAM with global and industry expertise • The FIBRA Committee has the following subcommittees: Sustainability Subcommittee WHSE Subcommittee 1. Excludes TC members appointed by CBFI holders. 23#24O MACQUARIE FIBRA Macquarie México Appendix 24 24#253Q23 highlights Financial / balance sheet Operational 19 AFFO 3Q23 Ps. 0.6121/CBFI¹ (-6.1% QoQ / -13.8% YoY) Revised FY23 guidance Ps. 2.58/CBFI¹ (-4.9% YoY) from Ps. 2.53-2.58/CBFI¹ (-5.8% YoY) Rental Rates Industrial 5.79 US$/sqm/m (+1.2% QoQ / +7.5% YoY) Retail 174.79 Ps./sqm/m (+1.0% QoQ / +6.1% YoY) Distribution 3Q23 Ps. 0.5250/CBFI (flat QoQ / +5.0% YoY) FY23 guidance Ps. 2.10/CBFI (up 5.0% YoY vs FY22's scheduled distributions) Occupancy 97.9% industrial (-56 bps QoQ / +84 bps YoY) 91.7% retail (+37 bps QoQ / +70 bps YoY) 97.1% consolidated (-43 bps QoQ / +83 bps YoY) Balance Sheet NAV of Ps. 43.2/CBFI (+5.2% QoQ / 0.6% YoY) Regulatory LTV of 30.8%³ Net debt/EBITDA 5.0x4 3Q23 Margins² NOI 86.3% (-18 bps QoQ / -133 bps YoY) AFFO 44.5% (-126 bps QoQ / -498 bps YoY) FIBRA Macquarie México MACQUARIE Strategic initiatives Growth capex • • ~2.0 million sqft of industrial GLA in development or stabilization ~3.0 million sqft of potential GLA in land bank across core markets ESG • • 35.6% of total GLA certified5 - Commitment to certify 48% of industrial GLA by 2027 58.8% of sustainability and green financing linked portion of drawn debt GRESB signatory, rated #1 for 2022 Public Disclosure in its GRESB Latam Peer Group Recognized as Green Lease Leader (Gold Level) • Recognized as EDGE Champion by the IFC 1. Calculated using weighted average outstanding CBFIs for the respective period. 2. Regulatory LTV calculated as (total debt + interest payable) / total assets, Net real estate LTV calculated as proportionally combined (debt + tenant security deposits - cash - deferred sales proceeds) / (fair market valued property values + land reserves + work in progress). 3. Net Debt/EBITDA calculated using LTM EBITDA (3Q23) using an average FX rate of 18.2955 along with EoP debt balances converted to USD at an FX rate of 17.6195 4. Margins are calculated as a % of total revenues. 5. Considers all the properties in the portfolio that have any green building certification in place. 6. GRESB: Global Real Estate Sustainability Benchmark. Internationally-recognized benchmarks to track environmental, social and governance (ESG) performance of commercial real estate and infrastructure (FIBRA Macquarie held a 2/5 star rating as of 4Q22);. 25 25#26Executive Summary 3Q23 Key Metrics $ US$5.79 sqm/m 97.9% Industrial average rental rates (+1.2% QoQ; +7.5% YoY) FIBRA Macquarie México 0.7m sqft Constructed GLA - lease ups in stabilization¹ Industrial occupancy EOP 0 sqft Constructed GLA - deliveries (not leased) 1 ↑ 16.3% (-56 bps QoQ; +84 bps YoY) Industrial release spread - commercially negotiated 1.2m sqft GLA under construction - to be delivered (3Q23; 13.5% LTM) Industrial Same Store NOI (US$) US$44.8m $ NOI per CBFI Ps. 1.1878 (+4.1% QoQ; +9.8% YoY) (US$: +0.1% QoQ; +12.1% YoY) $ Ps. 174.79 sqm/m Retail average rental rates (+1.0% QoQ; +6.1% YoY) -$- Ps. 0.6121 AFFO per CBFI (US$: -2.4% QOQ; +2.3% YoY) 91.7% Retail occupancy EOP Ps. 43.2 NAV per CBFI (+37 bps QoQ; +70 bps YoY) (+5.2% QoQ; +0.6% YoY) 8.5% Ps. 134.2m 1. Includes MTY043, building leased up in October 2023 Retail release spread - commercially negotiated (3Q23; 9.5% LTM) Retail Same Store NOI (Ps.) (+1.8% QoQ; +9.5% YoY) 33.5% Real Estate Net LTV (+29 bps QoQ; -72 bps YoY) MACQUARIE 5.0x Net Debt/EBITDA (2023: 5.1x; 3Q22: 5.0x) 26#27Industrial development and expansions. Project Delivered (inception to 2016) Total Delivered (2017 to date) City Project Type # of Projects Incremental GLA ('000 sqft) Investment (USDe$ '000s) NOI Yield¹ 13 498.7 25.2 11.9% Actual FIBRA Macquarie México MACQUARIE Completion/Expected Completion ΝΟΙ Contribution Date Initial Lease term (years) 8.8 Expansions 13 547.3 25.3 11.5% Actual 8.3 REY030 Reynosa Development 1 11.1% 145.3 8.0 Actual 2Q17 5.0 JUA043 (LEED Certified) Ciudad Juárez Development 1 11.4% 200.8 9.0 Actual 4Q19 3.0 JUA044 (LEED Gold) Ciudad Juárez Development 1 11.3% 217.5 10.7 Actual 2Q20 10.0 MTY042 (LEED Platinum) Total Monterrey Development 1 10.4% 183.0 12.7 Actual 3Q22 10.0 17 1,293.9 65.7 11.2% Actual 7.8 Total delivered projects 30 1,792.6 90.8 11.4% Actual 8.1 Developments and expansions in progress MEX008 (in stabilization) MCMA Development 1 Estimate 2H23 2H23 10.0 509.6 35.6 11.8% MEX009 MCMA Development 1 224.6 15.0 9%-11% Target 2H23 FY24 n.a. MTY043 (in stabilization) Monterrey Development 1 Estimate 2H23 Mid-FY24 10.0 210.6 22.1 11.9% MTY044 Monterrey Development 1 199.7 18.5 9%-11% Target 1H24 FY24/FY25 n.a. REY031 Reynosa Development 1 143.5 9.9 9%-11% Target 2H23 TIJ031 Tijuana Development 1 406.2 40.6 JUA045 Ciudad Juárez Development 1 266.8 18.3 9%-11% 9%-11% Target 1H24 FY24/FY25 FY24/FY25 n.a. n.a. Target 2H23 FY24/FY25 n.a. Total 7 1,961.0 159.8 10.0 Total delivered projects + developments in progress 38 3,761.7 250.7 10.9% 8.8 1. The NOI yield is presented on the basis of the agreed upon terms for the expansion or development and other leasing assumptions and does not reflect actual NOI yield, which may differ from the agreed upon terms. Note: There is no guarantee FIBRA Macquarie will pursue any of the potential expansions or developments described herein or, if such an expansion or development is pursued, that FIBRA Macquarie will be successful in executing it. In addition, there can be no assurance the expansions or developments will be available or achieved on the terms described herein or otherwise or that any expansion or development performs as expected. 27#28Development case studies. FIBRA Macquarie México MACQUARIE Mexico City - Cuautitlan 15ha site in Mexico City • Developed two Class A industrial buildings¹ • 700k+ sqft of GLA: - - Anticipate attracting logistics users, but designed to provide space solutions to a variety of industrial end-users Focus on Sustainability - targeting highest LEED certification Building 1 leased @ 11.8% NOI yield • Monterrey - Apodaca 21ha site in Monterrey's most prominent industrial submarket, Apodaca Developing five Class A industrial buildings +800k sqft of GLA: Located in sought-after Apodaca submarket of Monterrey, which comprises ~40% of Class A industrial inventory in Monterrey and ~37% of the 13.1m sqft of GLA absorbed by the market in 20222 - Building 1 leased @ 10.4% NOI yield (LEED platinum) Building 2 leased @ 11.9% NOI yield • Ciudad Juarez - Sur/Sureste 55ha site in Ciudad Juarez Developing first Class A building with capacity for up to 10 buildings • Up to 2.5m sqft of GLA: - Ideally located between Sur and Sureste submarkets of Ciudad Juarez, which comprise ~60% of Class A industrial inventory in the city and ~78% of the 5.2m sqft of GLA absorbed by the market in 20222 Focus on Sustainability - targeting highest LEED certification 1. FIBRA Macquarie JV equity stake is 78.6% as of September 30, 2023. 2 Source: Datoz as of December 30, 2022 28#29Development case studies (cont'd) FIBRA Macquarie México MACQUARIE • . Tijuana - Libramiento 25ha site in Tijuana Developing 3 Class A industrial buildings +870k sqft of GLA: - Focus on Sustainability - targeting highest LEED certification Increased demand from export-oriented manufacturers Reynosa - Poniente • 8ha site in Reynosa . Developing 1 class A industrial building • 144k sqft of GLA under construction: Advantaging of favorable market conditions in Reynosa market, which has experienced a spill-over of the demand from other core markets where availability of space is limited Focus on Sustainability - targeting highest LEED certification 10 B 29