Investor Presentaiton

Mexican Economy Diverse economy with a strong balance sheet • The Mexican economy reflects a solid mix of commodities, goods production, and services Trade remains dominated by the U.S., but Mexico's diversification agenda is underpinned by 13 free-trade agreements with 47 countries that account for 40% of global GDP 16.0% Finance, Insurance, & Real Estate 16.3% Other 3.2% Natural Resources 6.6% Transportation & Warehousing 5.8% Health & Education MEXICAN GDP BY INDUSTRY (Q2 2019) 17.7% Wholesale & Retail Trade 16.0% Manufacturing 6.0% Mining and Oil & Gas Extraction 6.7% Contributions to Mexican GDP Growth 5 y/y % change 4 3 27 1 -2 -3 -4 0 1 2 3 -1 1.9% Professional, Scientific, & Technical Services 3.8% Public Administration Top 5 Trading Partners Other* Net Exports Inventories Investment Germany 3% Japan 3% Canada 4% Government -5 Consumption Real GDP 16 17 18 19 *Statistical discrepancy, subject to revision. Sources: Scotiabank Economics, Haver Analytics. Others 20% United States China 11% 59% Construction 58

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