Investor Presentaiton

2 Expectation of a recovery in 2021 2020 GDP estimate % y/y (nsa), % q/q (sa) GDP* % y/y (nsa), % q/q (sa) 2020-2021 GDP estimates % y/y % y/y 1Q20 2Q20 | 3Q20 | 4Q20 2020 GDP -5.4 15.5 5.2 3.2 1255 20 15.5 15 4.1 12.1 10 Consumption -6.9 19.2 9.5 7.1 6.5 5 Investment -12.8 24.1 8.9 3.4 4.3 2020 2021 Banorte -9.0 4.1 15.2 Enc. Citibanamex -9.0 3.5 3.2 0.5 0.8 0.7 1.0 0.6 Enc. Banxico -9.0 3.4 1.2 Government spending -3.7 -2.3 -2.6 1.5 -1.8 -5 SHCP -8.0 4.6 -1.4 -17.0 -5.4 -10 -7.4 8.6 Banxico -8.9 3.3 Exports -2.8 31.9 5.4 2.8 7.7 -15 Imports -7.0 25.3 17.6 9.5 10.2 -20 -18.7 % 9/9 -25 GDP 0.8 0.7 1.0 0.6 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1% q/q IMEF % y/y Bloomberg -9.0 3.5 Reuters -9.9 3.0 -9.0 3.5 *Note: Dotted lines indicate forecasts Source: INEGI, Banorte Eco Hist DB NIM Rev C/I NI Div ROE LD Dep Loan ICAP BAP Guid Mkt App GRUPO FINANCIERO BANORTE

View entire presentation