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Investor Presentaiton

Mexico plays an important and growing role in the global supply chain. FIBRA Macquarie México O MACQUARIE FIBRAMQ has recently closed nearshoring-related transactions across diverse manufacturing tenants including clean drinking water systems, semi-finished metals and auto parts. Avg. manufacturing wages (US$/hr)1 Mexico China Impact of tariffs on US imports (%)² Without tariffs With tariffs 4.5 2.0 6.5 4.8 2.3% 1.6% 1.3% • China labor costs have outpaced Mexico's in the past 10 years 0.3% 0.5% 0.6% I 0.1% 0.4% 0.2% 0.3% 0.5% -0.3% I -0.9% 1-0.9% -1.7% 1 • Mexico has been benefited from U.S. tariffs imposed on Chinese imports -4.1% | 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Avg. transit time - Mexico to US (days)³ 2.4 2.4 1.5 1.1 1.1 0.3 3.1 3.1 2.4 2.4 2.2 1.5 Chicago Houston Los Angeles New York ■Mexico City ■Monterrey ■Guadalajara China India Japan South Mexico Taiwan Vietnam Rest of Korea I World China - US shipment transit time (days)4 43 83 63 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-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. PwC analysis of data from International Labor Comparison and IHS Markit. 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. 7
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