Investor Presentaiton

Latest public finances update -including some of the shocks- showed little changes on fiscal accounts MoF: Macroeconomic assumptions and fiscal variables Historical Balance of Public Sector Borrowing Requirements (HBPSBR) % of GDP 2022 2023 60 Actual ■GEPC (Sep'21) ■Pre-GEPC (Apr'22) GDP (% y/y) Inflation (% y/y) Exchange rate (USD/MXN) 3.4 (Consensus: 1.8) 5.5 (Consensus: 7.5) 20.70 (Consensus: 20.79) 3.5 (Consensus: 1.9) 3.3 (Consensus: 4.5) 51.7 50 49.6 49.6 49.6 49.6 49.6 49.6 49.6 48.7 50 45.7 44.9 44.5 40 التتتت T 20.90 2016 2018 2020 2022 2024 2026 2028 (Consensus: 21.33) Oil price (US$/bbl) 92.9 (YTD: 90.9) Rating agencies 61.1 Fitch Ratings S&P Global MOODY'S Oil production 1,820 A- A- A3 1,851 (kbpd) (To May: 1,627) BBB+ BBB+ Baa1 PSBR (% of GDP) -3.7 (Consensus: -3.9) -3.3 (Consensus: -3.8) Sovereign BBB BBB Baa2 Sovereign PEMEX BBB- Sovereign BBB- Baa3 HBPSBR BB+ BB+ Bal Investment grade threshold 49.6 49.6 (% of GDP) BB BB Ba2 BB- PEMEX BB- Ba3 Notes: PSBR stands for Public Sector Borrowing Requirements. Consensus comes from Banxico's survey Source: SHCP, Bloomberg, Banxico, National Hydrocarbon Comission, Rating agencies B+ B+ B1 PEMEX Div DB Rev Dep 80 NIM TI LD Loan BAP Guid ESG Eco 68 NI ROE ICAP Mkt App Hist C/I GRUPO FINANCIERO BANORTE

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