Investor Presentaiton

Mexican Economy Diverse economy with a strong balance sheet • The Mexican economy reflects a solid mix of commodities, goods production, and services Trade remains dominated by the U.S., but Mexico's diversification agenda is underpinned by 13 free-trade agreements with 47 countries that account for 40% of global GDP and include all G7 countries 15.9% Finance, Insurance, & Real Estate 16.8% Other 3.3% Natural Resources 6.5% Transportation & Warehousing 5.8% Health & Education MEXICAN GDP BY INDUSTRY* (Q4 2019) 2.0% Professional, Scientific, & Technical Services 3.9% Public Administration 17.5% Wholesale & Retail Trade 15.7% Manufacturing 6.3% Mining and Oil & Gas Extraction 6.4% Construction * Q1-2020 real GDP growth -1.6% y/y. Industry GDP breakdown not yet available for Q1 2020. Top 5 Trading Partners Contributions to Mexican GDP Growth 5 y/y % change 4 3 2 1 0 -1 -2 -3 Other* Inventories -4 -5 Government Real GDP 18 19 17 16 *Statistical discrepancy, subject to revision. Sources: Scotiabank Economics, Haver Analytics. Net Exports Investment Consumption Others 20% Germany 3% Japan 3% United States Canada 4% 59% China 11% 66 660

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