#1FIBRA Macquarie México O MACQUARIE FIBRA Macquarie México Investor Presentation First 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 March 31, 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#3Overview FIBRA Macquarie México MACQUARIE FIBRA Macquarie México is a premier owner of institutional quality industrial and retail real estate with a best-in-class internal property management platform and attractive growth pipeline. B 2381 Industrial properties 77.5%3 35.0M sqft 1,2 Gross leasable area of rents are US$-linked US$2.8bn Retail properties Total asset value 172 1. Data as of March 31, 2023. 2. Includes 100% of the property information with respect to each of the nine retail properties held through a 50/50 joint venture. 3. Results for the nine retail properties held through a 50/50 joint venture are shown at 50%. 1.3x AFFO distribution coverage (LTM) M#4FIBRA Macquarie O México MACQUARIE 01 Favorable market dynamics Compelling Mexico market tailwinds 4#5A commitment to value creation FIBRA Macquarie México MACQUARIE ог Favorable market dynamics Compelling Mexico market tailwinds Growth pipeline Attractive development strategy Prudent capital management 70 Track record of disciplined capital allocation' & well-positioned balance sheet Reliable financial performance Consistently strong cash flows CIUDAD JUÁREZ آ Quality portfolio Strategically located properties managed by internal property administration Sustainability focus Sustainability is at the core of our business strategies MONTERREY REYNOSA LO 5#6Dynamic market fundamentals supporting growth FIBRA Macquarie México MACQUARIE Growth of nearshoring, ecommerce logistics & Mexico's favorable position in the global supply chain provide strong tailwinds to the industrial real estate sector оо Increased competitiveness Competitiveness and reliability of Mexican exports as a result of regional trade alliances such as USMCA and increasing tensions in global trade that result in increased tariffs and sanctions to other countries Location Proximity to customers & markets means favorable shipping times, costs, convenience Labor Access to a skilled, competitive and young labor market Resilience Increase in warehousing requirements to support additional inventory and increasing supply chain resiliency whilst minimizing the impact of supply chain disruptions and trade conflicts Supply Constrained supply driven by a high market occupancy, high net absorption and limited land availability paired with disciplined supply under construction Ecommerce Increasing demand from logistics users driven by the on going growth in ecommerce sales 16#7Germany 32.5 32.0 || 24.0 13.0 12.8 8.0 United States Spain China Brazil Thailand Malaysia Vietnam Mexico India I 1.6% 0.3% 0.5% 0.6% 1 0.1% 7.0 6.0 3.0 2.5 -0.3% Mexico plays an important and growing role in the global supply chain. FIBRA Macquarie México MACQUARIE FIBRAMQ continues benefiting from nearshoring tailwinds thanks to its strong presence in northern markets, which are being the main beneficiaries of nearshoring Avg. manufacturing salaries (US$k/yr)¹ Impact of tariffs on US imports (%) 2 Without tariffs With tariffs • China labor costs have outpaced Mexico's in the past 10 years -4.1% -0.9% 1-0.9% -1.7% Avg. transit time - Mexico to US (days)³ 2.4 2.4 1.5 1.1 1.1 0.3 Chicago Houston Mexico City 3.1 3.1 2.4 2.4 2.2 1.5 Los Angeles New York ■Monterrey ■Guadalajara China India Japan South Mexico Taiwan Vietnam Rest of Korea World China-US shipment transit time (days)4 43 83 52 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 • Mexico's proximity to the U.S. allows companies to shorten their supply chains while having increased oversight of their production Nearshoring driven by lower carbon emissions, higher dependability, shorter lead times and lower shipping costs 1. Reshoring Institute (2022). 2. Peterson Institute for International Economics - Changes in market share reflect change in each partner's average US import market share during the period July 2016-December 2017 and the period July 2018-December 2019. 3. AlixPartners with information from Freightos (May 2021). 4. Freightos. 2.3% 1.3% 0.4% 0.2% 0.3% 0.5% • Mexico has been benefited from U.S. tariffs imposed on Chinese imports 7#8MACQUARIE Fundamentals supporting Mexico's real estate sector - Ecommerce sales growth (2010 – 2025, US$bn)¹ FIBRA Macquarie México Auto parts sector recovery to continue in 2023 (US$bn)² Ecommerce sales growth (2019 - 2022): MXN: 28% | USD: 27% CAGR 57% 41 14 65 101 51 Domestic Market Exports % Change YoY 30% 17% 20% 6% 6% 1% 2% 2% 7% 13% 1% 5% -19% 107 113 80 97 98 87 88 90 91 95 79 89 52 62 58 65 68 71 73 79 81 79 65 78 88 82 60 60 26 20 15 1 1 2 3 4 4 4 6 8 10 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 880088 High growth industries continuing 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 (March 2023). Medical device manufacturing Accelerating due to reduced reliance on China, nearshoring and aging population Automotive USMCA driving increase in regional content EV supply chain proving resilient 8#9FIBRA Macquarie México O MACQUARIE 02 1Q23 Highlights 9#101Q23 highlights FIBRA Macquarie México Financial / balance sheet AFFO 1Q23 Ps. 0.6799/CBFI¹ (+0.5% QoQ / +3.7% YoY) Revised FY23 guidance Ps. 2.60-2.65/CBFI¹ (-3.7% YoY) from Ps. 2.70-2.75/CBFI¹ (+0.5 YoY) Operational Rental Rates 19 Industrial 5.63 US$/sqm/m (+2.3% QoQ / +7.0% YoY) Retail 169.69 Ps./sqm/m (+0.5% QoQ / +6.0% YoY) Strategic initiatives Growth capex ~1.8m sqft of industrial GLA in progress Distribution 1Q23 Ps. 0.5250/CBFI (+5.0 QoQ / +5.0% YoY) FY23 guidance Ps. 2.10/CBFI (up 5.0% YoY vs FY22's scheduled distributions) Occupancy 98.2% industrial (+57 bps QoQ / +115 bps YoY) 91.0% retail (+8 bps QoQ / +124 bps YoY) 97.3% consolidated (+50 bps QoQ / +117 bps YoY) Balance Sheet NAV of Ps. 39.9/CBFI (-5.7% QoQ / -1.5% YoY) Regulatory LTV of 32.3%3 Net debt/EBITDA 5.0x4 1Q23 Margins² NOI 87.1% (+111 bps QoQ / -114 bps YoY) AFFO 47.6% (+90 bps QoQ/ +25bps YoY) . • • ESG . GRESB signatory, rated #1 for 2022 Public Disclosure in its GRESB Latam Peer Group5 MACQUARIE Recognized as Green Lease Leader (Gold Level) 33.5% of total GLA certified6 Customer satisfaction? • 4.15 rating in overall satisfaction (vs. 3.76 MX index & 4.07 US index) 82% renewal likelihood (vs. 80% MX index & 63% US index) 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 ratio is in USD using 1Q23 average FX Rate: 19.6762 for 1Q23 LTM EBITDA and EOP FX Rate: 18.1052 for debt balances. 4. Margins are calculated as a % of total revenues. 5. 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); 6. Considers all the properties in the portfolio that have any green building certification in place. 7. Results from Kingsley's 2021 Tenant Experience Assessment. 10#11FIBRA Macquarie México O MACQUARIE 03 Growth pipeline Attractive development strategy 11#12Development platform FIBRA Macquarie Prudently expanding portfolio through developments in core industrial markets Expanding portfolio México MACQUARIE Completed/In progress developments • Target markets: Tijuana, Ciudad Juarez, Monterrey, Reynosa, MCMA, and Guadalajara 45 US$228.5m • Over next five years targeting to add ~5 million sqft Total Developments / Expansions¹ Total Investment Tijuana Ciudad Juarez Guadalajara Reynosa Monterrey MCMA 3.8m sqft Total GLA from growth projects² ~10.5% Development yield³ 8.7 years Average lease term4 Includes 100% of the property information with respect to properties held through joint ventures. Note: data as of March 31, 2023. 1. 2. 3. 4. 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. 100% Occupancy of completed projects 12 20#13Growth capex projects - 1.8m sqft of growth GLA in progress and 3.2m sqft of additional potential GLA Targeting stabilized NOI yield of 9% to 11% Buildings under development: 6 GLA: 1,761K sqft of GLA Locations: Reynosa (143k sqft of GLA) MCMA (734k sqft of GLA) Total Investment: US$128.0m Tijuana (406k sqft of GLA) Ciudad Juárez (267k sqft of GLA) Monterrey (211k sqft of GLA) Land bank for future industrial development: Additional potential GLA of 3,165k sqft Expansion projects in progress: 2 Incremental GLA: 69K sqft Land bank by location ('000s sqft) Monterrey E E US$4.1m of investment at ~13.9% Tijuana Ciudad Juarez Monterrey Reynosa GLA under Completed + Additional Total Land size Completed const. under const. potential GLA potential GLA MCMA1 1,580.7 734.2 734.2 734.2 Monterrey 2,216.0 183.0 210.6 393.6 Reynosa 523.6 143.5 143.5 410.3 95.4 803.9 MCMA 238.9 Ciudad Juárez 5,868.1 266.8 266.8 Tijuana 2,681.7 406.1 Subtotal 12,870.1 183.0 1,761.2 406.1 1,944.3 2,192.4 467.3 3,165.4 2459.2 873.4 5,109.7 Additional Expansions Total n.a. 12,870.1 45.9 228.9 68.9 1,830.1 114.7 2,059.0 n.a. 3,165.4 114.7 5,224.4 1. MCMA; Mexico City Metropolitan Area, FIBRA Macquarie JV equity stake is 75.1%. San Luis Potosi Queretaro 13#14Developments in key markets FIBRA Macquarie México MACQUARIE Mexico City - Cuautitlan 15ha site in Mexico City Developing 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 • 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 ~35% of the 12.9m sqft of GLA absorbed by the market in 2021 Focus on Sustainability - targeting highest LEED certification Building 1 leased @ 10.4% NOI yield • Ciudad Juarez - Sur/Sureste 55ha site in Ciudad Juarez Developing one Class A building with for up to 10 • Up to 2.5m sqft of GLA: - Ideally located between Sur and Sureste submarkets of Ciudad Juarez, which comprise ~57% of Class A industrial inventory in the city and ~43% of the 5.1m sqft of GLA absorbed by the market in 2021 Focus on Sustainability - targeting highest LEED certification 1. FIBRA Macquarie JV equity stake is 75.1% as of March 31, 2023. FRISON 14#15Developments in key markets 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 2 class A industrial buildings • 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 15#16FIBRA Macquarie México O MACQUARIE 04 Quality portfolio Prime markets managed by internal property administration platform 16#17High quality industrial-focused portfolio in prime markets FIBRA Macquarie México MACQUARIE Key market presence • Industrial assets in strategic manufacturing and logistics markets • Industrial assets in US Border and Northern states comprise ~80% of industrial ABR • Retail assets in high density urban areas • 91.2% of industrial rents denominated in US$ • 88.9% of LTM NOI contribution from industrial portfolio Tijuana 25/6.4% Mexicali 13/3.1% Nogales 2/2.9% Hermosillo 11/5.5% Los Mochis 1/0.7% Irapuato 1/0.5% Guadalajara Industrial 8/2.7% 1/0.4% Querétaro Retail¹ 11/5.5% Combined MCMA¹ 8/2.0% 10/9.2% Note: data as of March 31, 2023. 1. MCMA; Mexico City Metropolitan Area. Cd. Juárez 35/13.2% Chihuahua 12/3.5% Reynosa Nuevo Laredo 9/3.2% 19/8.0% Matamoros Monterrey 4/2.1% 39/16.7% 1/1.1% Saltillo 11/3.7% San Luis Potosí Cancún 7/2.2% 2/1.0% Puebla 23/5.4% Tuxtepec 2/1.0% 17#18FIBRA Macquarie México O MACQUARIE Select industrial properties CD. JUAREZ REYNOSA MONTERREY 17 16 0000000000#19Ideally 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 • 91.2% 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 79.0% ABR¹ from the Northern and Border states ABR% by region Bajio 12% Central 9% ט North 79% 3.2 Weighted average lease term remaining in years ABR% by customers Logistics 26% Other 1% 23.8% ABR¹ contribution of Top 10 customers ABR% by segment Other 9% Medical 5% Automotive Packaging 6% 36% Logistics 9% Electronics 12% Manufacturing 73% Consumer Goods 23% Note: data as of March 31, 2023. 1. ABR: Annualized Base Rent. 19#20FIBRAMQ's vertically-integrated property administration platform positioned to drive growth FIBRA Macquarie México Scalable • Scalable platform with capacity to integrate additional properties • Leasing, Engineering and Property Management Customer focused • Direct relationship with 280+ customers • Delivering high-quality customer service Market expertise • +80 local professionals • Deep real estate knowledge and relationships 4.15 Industry Leading Customer Satisfaction¹ 3.76 4.07 FIBRAMQ MX Index US Index 2021 Survey According to Kinglsey Tenant Experience Assessment. Kingsley is considered the a leader in customer satisfaction assessments. MACQUARIE Growth • ⚫ Capability to provide expansion and development solutions to fulfill customer needs 20 20#21FIBRA Macquarie México O MACQUARIE Select retail properties TECAMAC POWER CENTER, MCMA CITY SHOPS DEL VALLE, MCMA Superama Chieno: maiti TECAMAC Walmart SSuburbia BBVA Bancomer Banamex Marti OUTLET ZIPOTTON AT&T COACALCO POWER CENTER, MCMA IHOP BEDB DEATH & Funcentral dico OfficeMax LCLORS Sotobank QUARRY CFE CITY SHOPS VALLE DORADO, MCMA Superama sportlum Cinemex Banco BASE#22Defensive, high quality retail portfolio Retail highlights 38 • 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 82.5% located in top three retail markets of Mexico¹ 3.1 Weighted average lease term remaining in years ABR% by geography³ ABR% by space type³ Cancun 7% Tuxpec 7% Monterrey 10% Irapuato Guadalajara 3% 3% Sub-anchors 14% Office 7% Other 5% FIBRA Macquarie México MACQUARIE 44.9% ABR² contribution of Top 10 customers ABR% by tenant type³ Other 25% Supermarket 23% Anchor 39% Restaurant 11% Note: data as of March 31, 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 35% Services 8% Offices Department 6% Gym Cinemas 8% 8% Store & app. 11% 22#23FIBRA Macquarie México O MACQUARIE 05 Prudent capital management Track record of disciplined growth and well-positioned balance sheet 23 23#24FIBRA Focus on disciplined growth Macquarie México Funding growth while controlling leverage through earnings retention (FY17-1Q23): 1 Stable cash generation from operating assets with further growth coming from new developments ~Ps. 2.8bn in retained AFFO from FY17 through 1Q23 2 Distribution is 1.3x covered and aligned with earnings growth 3 4 - Asset sales exceeded book value by aggregate 2.2% Over Ps. 2.2bn in proceeds from asset sales from FY17 through 1Q23 Additional 3.8m sqft of GLA with projected NOI yield of ~10.5%¹ 5 6 Progressing on six growth capex projects in MCMA², Monterrey, Reynosa, Ciudad Juárez and Tijuana Completed an opportunistic acquisition of a 0.3m sqft industrial property in MCMA² Pragmatic use of certificate buyback program to create value - Ps. 1.0bn authorized through June 2023 Over Ps. 1,065m in certificate buybacks at an avg. price of Ps. 21.3, representing 6.2% of market cap 1. 2. 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. MCMA; Mexico City Metropolitan Area. MACQUARIE 24 24#25Well-positioned balance sheet¹ S 5.6% 96% $ Average cost of debt of debt denominated in US$ 96% % Fixed rate debt 5.1x Net debt/EBITDA ratio³ $ (s) FIBRA Macquarie México MACQUARIE US$320m Undrawn committed revolver 35.0%² Real Estate Net LTV 3.5 years Average debt tenor remaining 3.7x Interest coverage ratio4 1. As of March 31, 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 1Q23 average FX Rate: 19.6762 for 1Q23 LTM EBITDA and EOP FX Rate: 18.1052 for debt balances. 4. 1Q23 LTM NOI/1Q23 LTM interest expense. 5. Calculated using percentage of investment properties value. 71.0% Assets unencumbered 5 25#26FIBRA Macquarie México O MACQUARIE 06 Reliable financial performance Consistently strong cash flows and well-positioned balance sheet 26#27Solid performance and prudent distribution payout ratio Net operating income (NOI)1 (Ps. m) FIBRA Macquarie México 3,693 3,753 3,774 4,000 3,087 3,222 3,307 3,403 3,542 2,521 1,990 2,000 1,534 MACQUARIE 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q23 LTM NOI Margin (%) 89.6% 85.0% 85.1% 86.3% 87.0% 87.5% 87.8% 87.4% 87.7% 87.4% 87.1% Adjusted funds from Operations (AFFO)¹ and Distribution (Ps. m) 4,000 AFFO Distribution 2,000 1,688 1,828 1,907 1,980 1,976 2,065 2,083 1,814 1,0541,149 1,3951,320 1,428 1,207 1,248 1,365 1,447 1,447 1,523 1,542 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q23 LTM AFFO Payout Ratio 112.4% 99.1% 84.6% 66.0% 65.4% 68.9% 73.2% 79.7% 73.7% 74.0% 1. Margins are calculated as a % of total revenues. 27#28FIBRA Macquarie México O MACQUARIE 07 Sustainability focus Industry-leading focus on ESG driving value for all stakeholders 28#29Sustainability is at the core of our business াে ------ SUSTAINABILITY AND CORPORATE COMMITMENTS • Green Building Certification program Certified 33.5% of total portfolio GLA with BOMA Best, LEED for Core and Shell, and EDGE certifications. Building KPI certified by independent 3rd party in February 2023 Recognized by the International Finance Corporation as an EDGE Champion in February 2022 Green leasing program Recognized as a Gold Green Lease Leader by the Institute for Market Transformation and US Dept of Energy's Better Buildings Alliance, the first Mexican real estate participant in the Green Lease Leader program FIBRA Macquarie México MACQUARIE At FIBRA Macquarie, we are aligning our ESG commitments, investment strategies, and business operations to globally recognize and adopt sustainability objectives. With sustainability being at the core of our business strategies, we contribute directly to 10 goals adopted in the United Nation's 2030 Agenda for Sustainable Development GREEN LEASE LEADER Recognized as Green Lease Leader Gold after being the first in Mexico to be recognized with the Gold level in 2022 E ge by IFC Awarded EDGE Champion status by the IFC for green building performance Source: Company information. Stakeholder engagement Strong Industrial portfolio tenant satisfaction, with 2021 survey results showing FIBRAMQ outperforming the Kingsley US and Mexico indices Supply chain Implementation of ESG Principles for Suppliers helps FIBRAMQ uphold its core values while fostering long-term, transparent, and collaborative relationships Transparency in reporting Disclose performance in alignment to recognized reporting standards such as: Global Real Estate Sustainability Benchmark (GRESB), SAM Corporate Sustainability Assessment (CSA), Sustainability Accounting Standards Board (SASB), and Global Reporting Initiative (GRI) GRES B Rated #1 for 2022 Public Disclosure in its GRESB Latam Peer Group BOMA BEST BRONZE SUSTAINABLE RUM DINGS Six retail properties certified under the BOMA Best program GRI SUSTAINABILITY ACCOUNTING יון BOARD US.GREEN BUILDING LEED USGBC NG COUNCIL Achieved the first LEED C&S v4 Gold certification for industrial buildings in SASB STANDARDS Reporting aligned to international standards LatAm 1. Considers all the properties in the portfolio that have any green building certification in place. 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. 29#30Commitment with our communities FIBRA Macquarie México IMPAC(+) program in collaboration with Inroads • FIBRA Macquarie has partnered with the Mexican not-for-profit, INROADS de Mexico, to develop IMPAC(+), a talent support program that enables social mobility opportunities for emerging youth. Supporting the vulnerable population of markets where FIBRA Macquarie's projects are located, the main goal of IMPAC(+) is to provide an opportunity for career development to university level students, through: • 135 scholarships provided to date (English, MS Excel, soft skills) • Mentoring program, including volunteer hours by FIBRAMQ's management for 22 participants Networking and collaborative events IMPAC(+) MPA A member of FIBRA Macquarie Group FIBRA Macquarle O MACQUARIE INROADS MEXICO MACQUARIE 30#31Aligned with investors FIBRA Macquarie Corporate governance and fee construct are aligned with investors interest. México MACQUARIE Structure • Follows Macquarie Asset Management's ("MAM") highly disciplined and institutional approach to fund management • Access to MAM's broader real estate investment and fund management expertise Technical committee • 86% of Technical Committee ("TC") is independent · · Appointed via annual consent from certificate holders¹ Required to reinvest at least 40% of annual FIBRAMQ TC member compensation earned in FIBRA Macquarie's certificates Fees • Base management fee of 1% per annum of market capitalization paid every six months • Performance fee hurdle rate adjusts for high inflation periods as it is based on Mexican CPI + 5%, versus other peer fee structures that have a fixed (e.g. 9%) hurdle Performance fees must be reinvested in FIBRA Macquarie certificates • No other fees (e.g. acquisition, development, leasing, or property administration) paid to Manager Compensation of Manager staff (CEO, CFO, etc.) paid by the Manager, not by the FIBRA 1. Excludes TC members appointed by CBFI holders. 31