#1Fiesta Americana Hacienda Galindo Investor Presentation Q4 2023 用 Fibra Hotel.mx#2Disclaimer FibraHotel This presentation is strictly confidential, it has not been independently verified and is being furnished to you solely for your information. It may not be reproduced or redistributed to any other person, and it may not be published, in whole or in part, for any purpose. By receiving this presentation, you become bound by the above referred confidentiality obligation. Failure to comply with such confidentiality obligation may result in civil, administrative or criminal liabilities. The distribution of this presentation in other jurisdictions may also be restricted by law and persons who obtain this presentation should inform themselves about and observe any such restrictions. This material has been prepared solely by Trust F/1596 (FibraHotel), a Mexican Trust ("Fibra Hotel") for informational and discussion purposes only. This presentation does not constitute or form part of any offer to sell or issue or any solicitation of any offer to buy or subscribe for any securities (including any certificados bursátiles fiduciarios inmobiliarios ("CBFIS")) in the United States or elsewhere nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment to purchase securities nor does it constitute the basis, in whole or in part, for the execution of any agreement or commitment of any kind. Specifically, this presentation does not constitute a placement prospectus or equivalent document, and the information contained herein is general in nature, and it distributed for information purposes only. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Act"). Fibra Hotel and Deutsche Bank México, S.A., Institución de Banca Múltiple, División Fiduciaria, in its capacity as trustee of FibraHotel have not and do not intend to register any securities under the Act or offer any securities to the public in the United States. Any decision to purchase CBFIs in any offering should be made solely on the basis of the information to be contained in the Mexican prospectus to be registered with the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores, or the "CNBV") or any offering circular to be published in due course relating to any such offering. No representation or warranty, express or implied, is given or will be given by or on behalf of Fibra Hotel, the initial purchasers, the Mexican underwriters or any of their respective affiliates or agents, or any of such person's directors, officers, employees or advisors or any other person as to the accuracy, completeness, fairness or materiality of the information or opinions contained in this presentation, including any estimate contained herein, and any reliance you place on them will be at your sole risk. In addition, no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) is or will be accepted by Fibra Hotel, the initial purchasers, the Mexican underwriters or any other person in relation to such information or opinions or any other matter in connection with this presentation or its contents or otherwise arising in connection therewith. The information in this presentation includes forward-looking statements, which are statements other than statements of historical fact, and are based on current expectations, beliefs, and predictions about future events. These statements can be recognized by the use of words such as "believes", "anticipates", "depends", "may", "plans", "will", "estimates", "projects", "trend", "expects" or words of similar meaning. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about Fibra Hotel, its prospects, results of operations, financial condition and the economic environment in which it operates that may prove to be incorrect. Such forward looking statements are not guarantees of future performance and the events described in such forward-looking statements may not occur and Fibra Hotel's actual results may differ significantly from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of Fibra Hotel. Neither Fibra Hotel nor Administradora Fibra Hotelera Mexicana, S.A. de C.V. (including any of their respective affiliates, officers, directors, agents or employees) assumes any responsibility or liability with respect to any forward-looking statement that is not achieved. The securities described herein have not been registered under the Act or any other state securities law of the United States. Consequently, such securities will not be offered or sold in the United States except to qualified institutional investors, pursuant to Rule 144A of the Act, and outside of the United States to non-U.S. persons pursuant to Regulation S of the Act. The recipients of this presentation should not construe the contents hereof as legal, tax, or investment advice, and should consult their own advisers in this regard. The information in this presentation related to the industry in which Fibra Hotel operates, including projections and estimates, was obtained from various external data sources and neither any underwriters or placement agents, nor FibraHotel, assumes any liability regarding such information. This presentation and its contents are the property of Fibra Hotel and cannot be reproduced or redistributed to any person, in whole or in part, for any purpose, without the prior written consent of Fibra Hotel. By attending this presentation or by accepting to view any of the materials presented, you agree to be bound by the foregoing limitations and not to distribute, disclose or provide any information discussed today to any other persons. Neither the CNBV nor any other authority has approved or disapproved the contents of this presentation, or the adequacy or truthfulness of the information contained herein. 1#3The Best Alternative to Invest in Hotels in Mexico FibraHotel (FIHO:12) is the largest hotel REIT (also known as FIBRA) in Mexico ❖ Owner of a unique and diversified portfolio of hotels ◆ Deliver attractive risk-adjusted returns while operating in an environmentally sustainable manner 86 Hotels 14 Brands 26 States 12,5541 5² 93% Rooms Operators of GDP FibraHotel Fiesta Americana Condesa Cancún Live Aqua San Miguel de Allende Fiesta Americana Hacienda Galindo Live Aqua & GFA Monterrey Valle US$52k Per Key 35% Leisure 24.9% LTV 42% Discount to Cost 50% Resort/Full Service 8.2X AG HOTH VERACING EV / EBITDA Fiesta Americana Viaducto Aeropuerto AC by Marriott Veracruz 1 There is currently one closed hotel (to be opened during Q1 2024), excluding this hotel, Fibra Hotel has 85 hotels with 12,395 rooms in operation // 2 The Sheraton Monterrey hotel, operated by Marriott will change to Wyndham operated by Aimbridge in Q2 2024 2#4Diversified Portfolio by Segment, Brand and Customer Fibra Hotel Segment by Asset Value1 Portfolio asset value 2 by MXN / USD 3 / MXD4 24% 11% 26% 39% ■Select Service Resort ■Full Service 20% 53% 26% Beach City by Asset Value 5 25% Customers (type of traveler and regions)6 6% 8% 34% 10% 8% 75% 14% 19% ■MXN ■ USD MXD ■City ■ Beach Limited Service ■Leisure ■Mty/Gdl ■North Border ■Pacífico/West ■Mexico City ■Bajio ■ Oil/South ~50% resort/full service V -46% USD/MXD 5,722 rooms in five main cities (MEX, MTY, GDL, QRO, PUE) ✓ 2,566 rooms in Mexico City Metropolitan Area Source: Company with asset values as of 12/31/2023. Note: asset value excludes one currently closed hotel with 159 rooms and an asset value of 59 million pesos 'Resorts include: FACC and Tapestry Playa del Carmen 2The classification of a hotel is based solely on management's classification of a hotel, the percentages in the charts do not represent the actual type of the revenues generated at these hotels and instead represent the asset values of the hotels as classified by management 3 USD includes: Resorts, FFI Los Cabos and Live Aqua San Miguel de Allende; MXD includes: FFI Nogales, Aqua MTY, FAG MTY, FA Pabellón M, AC GDL, AC QRO, CY Toreo, Sheraton MTY, FI Puerto Vallarta, AC Veracruz, FA Viaducto, and FA Satélite. 4 MXD refers to hotels with a rate in dollars and with demand generators in pesos ("Mexi-dollars"). 5 Beach includes: FFI Cabos, One Acapulco, Fiesta Inn Puerto Vallarta, AC Veracruz, and Resorts. 6 Leisure Includes; Beach hotels, FA Hacienda Galindo, Live Aqua San Miguel de Allende, FI Oaxaca, FI Cuernavaca and One Cuernavaca. Mexico City includes hotels in Zona Metropolitana and FI Toluca. North Border includes hotels in Monclova, Ciudad Juarez, Chihuahua, Hermosillo, Mexicali, Nuevo Laredo, Saltillo, Tijuana, and Nogales. Bajío includes hotels in: Aguascalientes, Queretaro, Leon, and San Luis Potosi. South includes hotels in; Veracruz (excluding AC), Puebla, Ciudad del Carmen and Villahermosa. West includes hotels in; Culiacan, Durango, Ciudad Obregon, Morelia, Los Mochis, Tepic and Torreon 3#5Q1 16 $12,974 Q2 16 $15,776 Quarterly EBITDA per room Q3 16 $17,281 Q4 16 $20,222 Q1 17 $17,211 Q2 17 Q3 17 Q4 17 $23,212 $19,811 $21,921 Q1 18 $26,320 Q2 18 Q3 18 $26,027 $20,694 Q4 18 Q1 19 $22,743 $23,127 Q2 19 $25,209 Q3 19 $21,596 Q4 19 ($22,105) Q1 20 Q2 20 $23,589 $17,592 ($1,623) Q3 20 Q4 20 $4,746 Q1 21 $6,483 Q2 21 $11,440 Attractive Valuation for a Long-Term Investor EBITDA 8.2x EV / 2023 EBITDA 2.7x Net Debt / 2023 EBITDA ✓ 2023 EBITDA Ps. $1,420M margin of 27.2% Q4 2023 EBITDA Ps. $370M margin of 27.0% AFFO and Distributions Since IPO distributed Ps. $7.00 per CBFI 2023 AFFO per CBFI of Ps. $0.93 ✓ 2015-2023 yearly average AFFO per CBFI of Ps. $0.901 ✓ Distribution of Ps. $0.50 per CBFI in 2023 Q3 21 $13,020 Q4 21 $19,926 Q1 22 $19,786 Q2 22 $27,503 Q3 22 $27,823 Q4 22 $31,932 Q1 23 $28,119 Q2 23 Q3 23 $29,699 $26,140 Q4 23 $29,893 Q1 16 $0.23 Q2 16 60.23 Q3 16 0.26 Q4 16 $0.19 Q1 17 $0.18 Our assets, trade at an important discount when compared to the historical cost of the properties Q2 17 $0.25 Q3 17 0.23 Ps. $11,590M Enterprise Value2 12,554 rooms USD $52k3 Ps. $923k Ps. $1,597k FIHO's Historical Cost4 historical cost 42% Discount vs FIHO'S an exchange rate of $17.60 MXN/USD; 4 FACC is recorded at Fair Value, the rest at historical cost (figures exclude depreciation) Source: Company filings. 1 Excludes 2020 and 2021 2 Enterprise value calculated assuming 786M of CBFIs with economic rights, a share price of Ps. $9.93, net debt of $3,782M. 3 Calculated using Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 0.23 Quarterly AFFO per CBFI (cents) $0.21 Q4 19 $0.28 Q1 20 $0.10 ($0.46) Q2 20 ($0.14) Q3 20 ($0.03) Q4 20 Q1 21 Q2 21 $0.07 Q3 21 $0.07 Q4 21 $0.18 Q1 22 $0.20 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 $0.26 Q4 23 $0.371 Average FibraHotel#6Capital Allocation Strategy ** $ Distributions Asset sales Repurchase CBFIs Maximize AFFO per CBFI in the long term Inorganic Growth Development and Acquisitions 00 000 000 000 Debt reduction I Investments in existing Hotels FibraHotel Sample recent investments Prime Steak Club at Live Aqua San Miguel de Allende Vineyard at Fiesta Americana Hacienda Galindo Joint venture with Fibra Danhos for luxury resort in the Yucatán Peninsula LO 5#7Fibra Hotel Investment Thesis 1 6 Fibra Hotel Best Hotel Portfolio in Mexico with Irreplaceable Assets 2 Professionally Managed with Proven Business Plan Execution 3 Attractive Valuation with Additional Growth Potential 4 Strong Balance Sheet with a Prudent Leverage Policy 5 Open Architecture with Leading Brands and Operators Experienced Management Team plus Best-in-Class Sponsor with Long-Term Alignment of Interests 6#8AC by Marriott Veracruz Fibra Hotel Update on Operations א#9Recent events 1 2 3 4 FibraHotel Joint-venture with Fibra Danhos for development of a luxury resort ❖ Announced a joint-venture with Fibra Danhos for the development of a luxury resort in one of the most exclusive locations on the Yucatan Peninsula. Change of brand and operator of the Sheraton Monterrey hotel The 229 room Sheraton Monterrey hotel will be repositioned under the Wyndham Monterrey brand and will be operated by Aimbridge Hospitality. These agreements represent a new relationship for FibraHotel with both Wyndham and Aimbridge. Signing of a lease agreement for the León Select Service hotel Fibra Hotel signed a lease agreement for the León Select Service hotel to reopen under the InHouse brand. Hurricane Otis impact on the One Acapulco hotel Hurricane Otis made landfall in Acapulco impacting the One Acapulco hotel. The hotel, which represents less than 1% of FibraHotel's assets and revenues, has been temporarily closed since that date with a scheduled reopening in Q2 2024. Fibra Hotel stands with the families and all those who suffered losses due to the hurricane; we will continue to support the community with jobs and assistance. 8#10Overview of Portfolio KPIs Quarterly KPIs - Total Portfolio Fibra Hotel 1,433 1,436 1,437 1,462 1,301 1,372 1,303 1,245 1,244 63.4% 62.5% 62.9% 63.8% 61.8% 60.3% 949 55.9% 51.7% 909 904 866 875 815 805 696 643 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Average Daily Rate RevPAR Occupancy Source: Fibra Hotel. Total portfolio is not comparable over time and excludes 2 leased hotels and the temporarily closed hotel as of December 31st, 2023 64.9%#112023 - Performance by Customer/Region Fibra Hotel Total Portfolio Leisure hotels Mexico City hotels Monterrey / Guadalajara +5% +10% (8%) 0% +25% +24% +7% +11% 1,865 1,871 943 851 5,759 763 5,239 761 1,603 1,691 617 566 239 299 228 244 2022 2023 2022 2023 2022 2023 2022 2023 Lodging Contribution ■Revenues Lodging Contribution ■Revenues Lodging Contribution ■Revenues Lodging Contribution ■Revenues Revenue in USD (1%) North Border hotels Bajio hotels Oil/South hotels Pacific/West hotels +5% +11% +23% +19% +24% +17% +4% +8% 475 641 709 453 456 422 399 386 191 201 106 130 88 109 135 141 2022 2023 2022 2023 2022 2023 2022 2023 Lodging Contribution ■Revenues Lodging Contribution ■Revenues Lodging Contribution ■Revenues Lodging Contribution ■Revenues Note: Excludes the temporarily closed hotel. Results in million MXN. Leisure Includes; FA Hacienda Galindo, FA Condesa Cancun, Tapestry Playa del Carmen, Live Aqua San Miguel de Allende, Fairfield Los Cabos, FI Puerto Vallarta, One Acapulco, FI Oaxaca, AC Veracruz and FI/One Cuernavaca. Mexico City includes hotels in Metropolitan Area. North Border includes hotels in: Monclova, Ciudad Juarez, Chihuahua, Hermosillo, Mexicali, Nuevo Laredo, Saltillo, Tijuana, and Nogales. Bajio includes hotels in: Aguascalientes, Queretaro, Leon, and San Luis Potosi. Oil / South includes hotels in: Veracruz (excluding AC), Puebla, Ciudad del Carmen, Toluca and Villahermosa. Pacific/ West includes hotels in: Culiacan, Durango, Ciudad Obregon, Morelia, Los Mochis, Tepic and Torreon 10#12Financial Performance in 2023 Fibra Hotel Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2023 Total Revenues $1,256 M $1,323 M $1,273 M $1,373 M $5,224 M EBITDA $353 M $373 M $324 M $371 M $1,420 M EBITDA margin 28.1% 28.2% 25.5% 27.0% -27.2% Financial Result ($101 M) ($102 M) ($104 M) ($101 M) ($408 M) CAPEX Reserve ($69 M) ($72 M) ($69 M) ($75 M) ($285 M) AFFO $189 M $207 M $158 M $180 M $733 M Total Distribution $98 M $98 M $98 M $98 M $392 M Net Debt $3,857 M $3,796 M $3,899 M $3,782 M $3,782 M Total Debt $4,367 M $4,291 M $4,424 M $4,390 M $4,390 M EBITDA of Ps. $1,420 M in 2023. EBITDA margin of 27.0% in Q4 2023 and of 27.2% in 2023 Margin pressure in operating costs, mainly labor FACC revenue in USD above 2022. Rent in Q4 2023 of Ps. $80 M vs Ps. $110 M in Q4 2022 (FX impact of Ps. $25 M) AFFO of Ps. $733 M in 2023; AFFO of Ps. $180 M in Q4 2023 Distribution of Ps. $392 M in 2023, or Ps. $0.1250 per CBFI per quarter (Ps. $0.50 yearly) Source: Company. Note: Financial Result does not consider the exchange result. 11#13Prudent Leverage Policy with Limited ST Amortizations Fibra Hotel As of December 31st, 2023: ✓ Net Debt / EBITDA 2.7x ✓ Loan to Value 24.9% Debt Service Coverage Ratio of 1.71x ✓ Total debt of Ps. $4.3bn / Assets of Ps. $18bn ✓ Average cost of debt: 9.67% ❖ Debt overview: Banorte: Ps. $418 M and USD $23 M (18%) ✓ Bancomer: Ps. $644 M and USD $8 M (18%) ✓ Scotiabank: USD $19 M (7%) FIHO-19 bond: Ps. $2,500 (57%) During Q4 2023, disposal of a USD $19 M credit line with Scotiabank, sold at Ps. $18.31 per USD, to repay Ps. $250 M of revolving lines Amortization Schedule (Ps. $ M) Current Credit Ratings: HR Rating (Jun'22): HR AA+ Stable Perspective Fitch Rating (Jun'22): 'AA-(mex)' Stable Perspective Total debt in dollars: USD $50 M (19%) Available revolving credit lines: Ps. $300 M of BBVA's revolving credit, expiration 2026 Long-term and revolving credit lines are to be granted to gain additional liquidity Current debt composition (%) Ps. $388 M in amortizations for 20242 9% of the total debt 833 833 19% 43% 833 57% 106 198 85 368 85 43% 81% 57% ■ MXN ■ USD 190 229 252 272 118 2024 2025 2026 2027 2028 2029 ■ Secured ■ Unsecured ■FIHO 19 Banking Debt MXN ■Banking Debt USD Source: Company filings. 'Loan to Value based on depreciated historical cost. 2USD amortization converted to Pesos at current exchange rate for illustrative purposes. ■ Floating Rate ■Fixed Rate 12#14Commitment to Corporate Responsibility Integrated Annual Report Annual 2022 Report FibraHotel Overview of FibraHotel's ESG Strategy Domains Institutionalization H FibraHotel Shared Commitment Fibra Hotel Sustainable Infraestructure Lines of Action 1.1. Good corporate governance 1.2. Ethics and Integrity 1.3. Transparency with stakeholders 1.4. Corporate sustainability management 2.1. Portfolio selection 2.2. Innovation with environmental and social criteria 2.3. Management of environmental impacts Human Factor 3.1. Employee development and well-being 3.2. Leadership and work environment 4.1. Guest experience management 4.2. Employment opportunities 4.3. Local sourcing 4.4. Promotion of sustainable tourism 4.5. Social investment in communities Cesta Americana Hacimda Galinde ESG Objectives - Achievements 2023 50 score CSA (S&P), 76 score GRESB, and C score CDP ❖87% of certified portfolio – green building certifications obtained in 2023 Global Reporting Initiative AMEFIBRA TCFD Live Aqua San Miguel SASB de Allende Corporate Offices AC Querétaro Courtyard Toreo Framework for Sustainable Investment Climate Change Risk Analysis Integrated Annual Report ENVIRONMEN LEADERSHIP IN ENERGY LEED GOLD 2023 DESIGN & LEADERSHIP IN ENERG ENVIRONMENT LEED GOLD 2023 DESIGN Excellence In Design For Greater Efficiencies Edge Excellence In Design For Greater Efficiencies E ge 1Considers only the portfolio operated by Posadas. The value, baseline year, and targets may vary if the measurement of satisfaction in the rest of the operators is added. 13#15Right Business Model with the Experience to Execute FibraHotel 1 Fibra Hotel has quality real estate assets with 86 hotels and 12,554 rooms in Mexico Confident on the value of our portfolio which will create opportunities across cycles Diversified assets across geographies, sectors, segments and demand drivers 2 Best management team and sponsor to operate the hotel business 3 Years of experience and several cycles in hotels and real estate in Mexico Strong balance sheet and efficient capital structure 25% LTV Average cost of debt of 9.67%: 19% of debt in USD (~32% of 2023 EBITDA is in USD) Comfortable amortization schedule: yearly average of 8% of total debt for the next 3 years * Strong support from existing and new financial institutions to improve conditions Sponsor and Management acquired over 15% of CBFIs in 2021 and 2022 ✓ The right business model with a high-quality hotel portfolio Access to capital and management team to capitalize on market opportunities Focus on operational excellence with organic growth potential Source: Company filings 14#16Fiesta Americana Hacienda Galindo Fibra Hotel.mx Other information and appendices#17A Unique Hotel Portfolio in Mexico FibraHotel 16#18Evolution of Fibra Hotel Evolution of Fibra Hotel since its IPO (No. of hotels) 30 FIESTA 81 60 Fibra Hotel 86 2013 First Lodging REIT in Mexico and Latam Focus on urban business-class hotels 2015 Developed 30 hotels ~Ps. 5,000mm Full service hotels 2017 Resorts and Leisure 2019 and after Luxury hotels ❖ Fibra Hotel completed its initial public offering in the Mexican Stock Exchange on November 30th, 2012 FIESTA INN. One hoteles Opening of: Live Aqua Monterrey ✰ Grand Fiesta Americana Monterrey ✰ Fiesta Americana Hacienda Galindo ✰ AC Hotels by Marriott AC HOTELS MARRIOTT ✰ Acquisition of 507 room all-inclusive Fiesta Americana Condesa Cancun hotel L Fiesta Americana HOTICE & RELONTS Opening of: ✰ Live Aqua San Miguel de Allende Urban Resort ✰ Fiesta Americana Mexico City Satelite and Viaducto Airport Tapestry by Hilton Playa del Carmen LIVE INQUA TAPESTRY COLLECTION by Hilton 17#19Live Aqua San Miguel de Allende Prices won by Live Aqua San Miguel de Allende Awarded the Prix Versailles 2019 for Architecture and Design in North America under the Hotels category ◆ Four Star rating by Forbes Travel Magazine Pictures of the hotel & Prime Steak Club excellence LIVE PRIX VERSAILLES 2019 Paris | UNESCO Forbes F&B and branded outlets Zibu SPICE MARKET ALLENDE Natura Bissē Barcelono Source: Company filings WORLD ARCHITECTURE AND DESIGN AWARD Mintony LA CATY Fibra Hotel 18#20Fiesta Americana Hacienda Galindo Overview of the hotel The hotel, with 168 full-service rooms, is located near Querétaro and less than 2 hours from Mexico City Acquired in July 2017 with final payment in Q1 2021 ◆ FIHO invested ~Ps. 130 M to reposition the hotel Hotel is both ideal for leisure travel as well as convention and group business with over 1,000 m2 of ballroom space In 2019, Fibra Hotel partnered with a local wine producer (Cava 57), to develop a vineyard inside the hotel. We expect the experience to be a good business driver for the hotel in the future The vines were planted in Q4 2019, and we expect production of the Chateau Galindo within a few years Presidential Suite - La Malinche Pictures of the hotel Fibra Hotel 19#21Environmental, Social & Governance (ESG) Highlights Fibra Hotel Environmental Social 75 properties (87% of the portfolio) have a green building certification 100% of our portfolio have energy efficient technologies 100% of our portfolio have a water efficiency program, saving 6.6 liters per available room since baseline year Setting goals in order to mitigate our impact is our number one priority. Publicly recognized as a committed company to the SBTI and a TCFD supporter ❖ Our corporate offices recently achieved the LEED Gold LEED certification Live Aqua San Miguel de Allende resort recently LEED achieved the LEED Gold FibraHotel is committed to social equity and diversity Our employees are involved in different social activates in order to help our country's growth and equality We promote a culture of respect, transparency and commitment We reinforce our employee's development and leadership FibraHotel supports different NGOs We are aligned to the UN Global Compact, and we support the ten principles UN GLOBAL COMPACT GRoNin Governance ❖ Our corporate governance is centered on transparency, growth and value We pursue a sustainability strategy that encompasses the company's priorities as well as our stakeholders' concerns Our business model is focused on the ownership of the hotel portfolio, under our own development, acquisition and/or leasing schemes Our Technical Committee recently achieved 27% of gender diversity and 45% independence Transparency is our top priority; we recently published our short and medium term ESG objectives based on our sustainability strategy certification 2013 The Courtyard Mexico City Toreo and AC Queretaro hotels have recently achieved the EDGE certification CDP TCFD DISCLOSURE INSIGHT ACTION TASK FORCE CLIMATE-RELATED FINANCIAL DISCLOSURES SCIENCE BASED TARGETS SUSTAINAR SASB STANDARDY 50470 GRESB Global Reporting S&P Global CSA Initiative 20#22Q4 2023 - Performance by Customer/Region Fibra Hotel Total Portfolio Leisure hotels Mexico City hotels Monterrey / Guadalajara (9%) +2% (20%) (6%) (3%) +6% (6%) +3% 1,484 1,516 510 269 222 228 481 255 485 T4 2022 443 178 92 89 143 72 67 T4 2023 T4 2022 T4 2023 T4 2022 Lodging Contribution ■Revenues Lodging Contribution ■Revenues Lodging Contribution T4 2023 ■Revenues T4 2022 T4 2023 Lodging Contribution ■Revenues Revenue in USD +6% North Border hotels Bajio hotels Oil/South hotels Pacific/West hotels (6%) +4% +15% +17% +18% +15% (12%) (1%) 172 179 126 116 117 116 110 99 52 T4 2022 49 T4 2023 Lodging Contribution ■Revenues 25 29 27 32 T4 2022 T4 2023 T4 2022 T4 2023 Lodging Contribution ■Revenues Lodging Contribution ■Revenues 40 35 T4 2022 Lodging Contribution T4 2023 ■Revenues Note: Excludes the temporarily closed hotel. Results in million MXN. Leisure Includes; FA Hacienda Galindo, FA Condesa Cancun, Tapestry Playa del Carmen, Live Aqua San Miguel de Allende, Fairfield Los Cabos, FI Puerto Vallarta, One Acapulco, FI Oaxaca, AC Veracruz and FI/One Cuernavaca. Mexico City includes hotels in Metropolitan Area. North Border includes hotels in: Monclova, Ciudad Juarez, Chihuahua, Hermosillo, Mexicali, Nuevo Laredo, Saltillo, Tijuana, and Nogales. Bajio includes hotels in: Aguascalientes, Queretaro, Leon, and San Luis Potosi. Oil / South includes hotels in: Veracruz (excluding AC), Puebla, Ciudad del Carmen, Toluca and Villahermosa. Pacific/ West includes hotels in: Culiacan, Durango, Ciudad Obregon, Morelia, Los Mochis, Tepic and Torreon 21#23Mexico has Solid Tourism Fundamentals Fibra Hotel Growing trend of tourists traveling to Mexico is supported by the "value proposition" that our country offers to international and domestic tourists, as well as proximity to key feeder markets The travel and tourism sector of Mexico is expected to reach in 2024 USD 31.1 billion from international visitors according their expectations. From January to December 2023, 86.1 million tourists arrived in Mexico and stayed in hotel rooms, with domestic tourists representing 73.6% of the total. The total hotel occupancy from January to December 2023 was 59.6%, which represents a +2.8% increase compared to the same period in 2022. In 2023, city destinations had an Occupancy rate of 53.7%, which is a +5% increase compared to 2022. From January to December 2023, the average number of available rooms decreased by 0.4% compared to the previous year. Key factors behind the positive trend of traveler growth in Mexico ✓ Improved infrastructure with more flights ✓ Record levels of tourist arrivals Best-in-class services Continuous sector growth Attractive locations México ✓ Year-round warm weather Baby boomers travelling more Positive demo- graphic tendencies LIVE IT TO BELIEVE IT Culture offer ✓ Growth in discretional income has the potential to increase local tourism ✓ Broad range of tourist alternatives Return on vacation investment ✓ Competitive prices ✓ Wide range of touristic experiences and services ✓ Privileged location that provides access to the largest feeder markets in US and Canada ✓ Large supply of culture and history- prehispanic, colonial, etc. #5 in cultural heritages Great gastronomic offer - declared heritage of humanity by UNESCO Source: Company filings, INEGI, WTTC and SECTUR 22 22#24Fibra Hotel's Financials Over Time FibraHotel Fibra Hotel 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Rooms in operation 5,547 7,660 8,507 10,422 11,273 12,300 12,560 12,558 12,558 12,558 12,558 Undepreciated PP&E (@cost) 5,109 7,782 10,343 12,160 13,163 17,715 18,260 18,630 19,231 20,059 20,399 % y-o-y growth 52% 33% 18% 8% 35% 3% 2% 3% 4% 2% Occupancy (comparable 46h) 63.1% 63.6% 65.5% 68.9% 68.8% 67.2% 63.6% 28.6% 48.1% 60.0% 63.0% RevPAR growth (comparable 46h) $559 $585 $626 $702 $750 $760 $720 $298 $483 $688 $768 % y-o-y growth 5% 7% 12% 7% 1% (5%) (59%) 62% 42% 12% Revenues (Ps. mm) $1,032 $1,531 $2,008 $2,635 $3,436 $4,107 $4,372 $1,942 $3,109 $4,696 $5,224 EBITDA (Ps. mm) $260 $371 $498 $656 $902 $1,155 $1,156 ($17) $638 $1,344 $1,420 % y-o-y growth 43% 34% 32% 37% 28% 0% (102%) 3,757% 111% 6% EBITDA margin 25.2% 24.3% 24.8% 24.9% 26.2% 28.1% 26.5% (0.9%) 20.5% 28.6% 27.2% EBITDA per room (Ps. 000's) $46.8 $48.5 $58.6 $63.0 $80.0 $93.9 $92.1 ($1.4) $50.8 $107.0 $113.1 AFFO (Ps. mm) $337 $424 $429 $494 $669 $935 $638 ($430) $87 $672 $733 AFFO/CBFI (Ps.) $0.76 $0.86 $0.87 $1.00 $1.05 $1.06 $0.81 ($0.55) $0.11 $0.86 $0.93 % y-o-y growth 13% 1% 15% 5% 0% (23%) (168%) (120%) 669% 9% FIHO12 Weighted Average Share Price $22.64 $22.31 $18.18 $14.50 $13.88 $11.18 $9.44 $5.83 $5.83 $7.42 $10.78 % y-o-y growth (1%) (18%) (20%) (4%) (19%) (16%) (38%) 0% 27% 45% Total Shareholder Return 11.9% 14.0% (27.9%) (4.2%) (9.5%) (7.0%) (2.4%) (51.8%) 32.3% 58.9% 12.4% Interest rate (TIIE period end) 3.80% 3.32% 3.56% 6.11% 7.63% 8.25% 7.25% 4.48% 5.23% 10.76% 11.46% Mexico GDP growth 1.4% 2.8% 3.3% 2.9% 2.1% 2.1% (0.1%) (8.5%) 5.0% 3.0% 3.2% Source: Company financials; GDP - Data World Bank. Note: Closed hotels not included 23