Investor Presentaiton

О ○ Mexico's geographical location, benign demographics and natural resources (among other factors) remain as key drivers for the economy Real GDP growth % y/y FDI US$ billion in nominal terms 10 6.8 5.2 4.0 6.8 4.9 15.2 4.9 5.1 Avg 2.3 5 3.5 3.9 4.5 3.7 4.8 3.3 2.8 2.3 2.3 3.6 2.8 2.6 Utility reinvestment and accounts between companies 48 1.4 11 1.4 2.12.2 50 ■New investments 40 TTT -0.4 30 36 0.0 -0.2 30 18 -5 18 24 252621 30 32 31 31 34 34 272622 34 2832 20 14 18 -6.3 -5.3 10 -10 -8.2 0 T TTTTTT 1990 1992 1994 1996 1998 2000 2002 2004 2006 2006 2008 2010 2010 2012 2014 2016 2018 2020 Average hourly wages US$ in nominal terms 6 Mexico (LHS) China (LHS) 40 40 Population pyramid in 2020 Million people by age bracket Men Women 4949494T4 00.00 ETIEN 2007 2009 2011 Labor productivity in manufacturing Index 100 = 2013 104 -6 -4 .2 0 2 4 6 Annual GDP growth expectation for the next 10 years % y/y 4.5 4 US (RHS) 2 0 *Note: 2006 2007 2008 2009 2010 2011 2012 2014 2013 2015 2016 2017 2018 2019 2020 20 20 0 Source: Banorte with data from Banxico, INEGI, FRED, Chinese Statistics Bureau 99 99 94 89 84 1Q05 4Q07 3Q10 2Q13 1Q16 4Q18 3Q21 3.5 2.5 2.1 1.5 Jan-13 May-15 Sep-17 Jan-20 May-22 Div DB Rev Dep 72 NIM TI LD Loan BAP Guid ESG Eco Hist NI ROE ICAP Mkt App C/I GRUPO FINANCIERO BANORTE

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