Investor Presentaiton

О Market volatility, inflation concerns, and actions from central banks have impacted currencies, albeit with idiosyncratic factors still at play 2023 performance vs. USD %, YTD RUB USD/MXN forecast Pesos per dollar 7.7 24.25 CLP 4.4 MXN 4.3 23.00 BRL 3.5 21.75 IDR 2.7 COP 2.5 20.50 CNY 1.9 MYR 1.8 19.25 HUF 1.7 TWD 1.3 18.00 PLN 0.6 ZAR -0.1 HKD -0.2 TRY -0.3 PEN -1.0 ARS -2.9 AUD JPY GBP CAD NZD EUR DKK CHF SEK NOK -6 www Forecast 20.20 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 FX performance in 2022 % 24 2.5 2.2 16 1.6 1.3 1.2 0.9 0.9 0.2 Carry 2022 26% 6 0.2 -0.7 -3 0 3 6 Source: Banorte with data from Bloomberg CLP INR BRL MXN◆ GBP IDR ZAR ZAD PEN HUF ⚫ COP JPY AUD HKD NOK CAD EUR CHF -16 T T T -16 -14 -12 -10 -8 -6 -4 Spot return 2022 -2 0 2 4 6 Div DB Rev Dep 50 TI LD Loan BAP Guid ESG Eco NIM 64 NI ROE ICAP Mkt App Hist C/I GRUPO FINANCIERO BANORTE

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