FIBRA Prologis Industrial Corridors Presentation

FIBRA PROLOGIS Mexico: Nearshoring is the Main Structural Shift Mexican industrial real estate gain momentum due to manufacturing capacity expansion MACHINERY IMPORTS, INFLATION-ADJUSTED, 2014-JULY 2023 (US$MN, BASE 1990, SEASONALLY ADJUSTED) 14,000.00 12,000.00 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 0.00 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 MEXICO TIER-11 NEARSHORING ABSORPTION BY INDUSTRY, 2019-2Q23 • • Nearshoring is already reflecting on economic indicators such as machinery imports, accelerating since the pandemic due to global supply chain disruptions, tensions in U.S.-China relations, and the USMCA. We estimate ~75% of total demand in 2022 was related to Nearshoring, including Tier 1 & 2 1 We expect nearshoring to continue as companies bring production processes closer to the U.S. consumer. MEXICO TIER-1' NEARSHORING ABSORPTION BY COUNTRY OF ORIGIN, 2019-2Q23 50% 43% 45% 40% 35% 30% 25% 21% 20% 15% 13% 10% 5% 5% 0% China United States Europe Japan European Union Taiwan Canada Other Machines & tools, 15% 7% 5% 4% 2% Other, 7% High-tech, 8% Furniture, 18% Electronics & home appliances, 15% Motor vehicles & parts, 37% Source: Prologis Research with information from INEGI, Federal Reserve, Solili, Siila, CBRE and our leasing teams. 1: .Tier 1 nearshoring refer to the direct demand of companies nearshoring from abroad; Tier 2 demand accounts for local suppliers and previously stablished firms expanding operations as an effect of nearshoring. 8

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