CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
LETTER FROM
AT A GLANCE
SOLID GROWTH
EXECUTIVE COMMITTEE
OPERATING
SUMMARY
CORPORATE
GOVERNANCE
AUDIT AND CORPORATE
PRACTICES COMMITTEE
FINANCIAL
STATEMENTS
CONTACT
4
TO OUR INVESTORS
3.1%
growth in
GDP in 2022
TO THE GENERAL SHAREHOLDERS' MEETING AND BOARD OF DIRECTORS
OF OPERADORA DE SITES MEXICANOS, S.A.B. DE C.V.
In accordance with article 44 section
XI of the Mexican Securities Market
Act, in correlation with article 172 of
the General Business Corporations
Law, and in my capacity as Chief Ex-
ecutive Officer of Operadora de Sites
Mexicanos, S.A.B. de C.V. (the "Com-
pany" or "Opsimex"), I am pleased to
present this report on the Company's
operations during the fiscal year end-
ed December 31, 2022.
2022 Economic Overview
Around the world, economic growth
in 2022 was marked by the dynamics
of a second year of recovery from the
COVID-19 pandemic in 2020. Global
GDP grew 3.4%, according to the IMF.
The United States economy expanded
by 2.1% in 2022, driven by consumer
spending on services, which offset
the drop in durable and non-dura-
ble goods (down -0.4% and -0.5%,
respectively). Gross fixed investment
rose 4.0% despite the 10.6% plunge
in housing investment.
In Mexico, GDP advanced 3.1%, led
by secondary activities with 3.3%,
particularly manufacturing, up 5.2%.
The service sector grew 2.8% and
retail 5.5%.
The Mexican peso closed the year at
19.50 against the US dollar, an annual
appreciation of 5.0%. The spread be-
B
tween Mexican and US interest rates
broadened gradually during the year,
as Banco de México hiked its bench-
mark rate eight times from 5.50% at
the close of 2021 to 10.50% at the
close of 2022, while the US Federal
Reserve raised its rate from 0.25% to
4.50% in the same period.
Since the end of 2021, the lingering
effects of the pandemic have
pushed up the cost of marine
container transport by five times
their former value, the average price
of steel tripled, and a shortage of
semiconductors increased automobile
prices. Early in 2022, Russia's
unconscionable invasion of UkraineView entire presentation