Q1 2022 Financial Performance

Mexican Economy Solid mix of sectors Services are increasingly contributing to the domestic economy's recovery. Trade with the U.S. is leading growth, but Mexico's diversification agenda is also underpinned by 13 free-trade agreements with 50 countries that account for 43% of global GDP and include all G7 countries. The authorities' fiscal and debt indicators remain reasonable; efforts to boost tax collection could continue to be implemented. GDP 2021E: 5.0% GDP 2022F: 1.9% GDP 2023F: 1.7% Sources: Scotiabank Economics, Bloomberg, as of February 18, 2022. 16.5% Finance, Insurance, & Real Estate 14.6% Other 3.5% Natural Resources 6.2% Transportation & Warehousing 6.1% Health & Education MEXICAN GDP BY INDUSTRY* (Q3-2021) 2.0% Professional, Scientific, & Technical Services 4.0% Public Administration 18.4% Wholesale & Retail Trade 16.2% Manufacturing 6.3% Mining and Oil & Gas Extraction 6.2% Construction * Q4-2021 real GDP growth 1.0 y/y. Industry GDP breakdown not yet available for Q4-2021. Top Trading Partners* Contributions to Mexican GDP Growth 24 y/y % change 20 16 12 8 4 0 -4 Other* -8 -12 Inventories Government Net Exports Investment Consumption -16 Real GDP -20 17 18 19 20 21 *Statistical discrepancy, subject to revision. Sources: Scotiabank Economics, Haver Analytics. * Q4-2021 real GDP growth 1.0 y/y. National accounts breakdown not yet available for Q4-2021. South Korea 3% Others 16% Canada 3% EU 8% China 12% * Trade data updated as of Q3-2021. United States 58% 61

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