Investor Presentaiton

Important notice and forward-looking statements YOU MUST READ THE FOLLOWING BEFORE CONTINUING. THE FOLLOWING APPLIES TO THE PRESENTATION MATERIALS FOLLOWING THIS PAGE, AND YOU ARE THEREFORE ADVISED TO READ THIS CAREFULLY BEFORE READING, ACCESSING OR MAKING ANY OTHER USE OF THE PRESENTATION MATERIALS. IN ACCESSING THE PRESENTATION MATERIALS AND/OR BY ATTENDING THE PRESENTATION, YOU AGREE TO BE BOUND BY THE FOLLOWING OBLIGATIONS AND LIMITATIONS. This presentation and the information contained herein and the subsequent discussions do not constitute a public offer for the purposes of any applicable law or a recommendation, advice offer or solicitation to buy purchase or sell any security, commodity, currency or other financial instrument. This presentation and the information contained herein and the subsequent discussions, do not purport to be comprehensive nor render any form of financial or other advice, and have been provided by HSBC Mexico, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC ("HSBC México"), solely for information purposes, and have not been independently verified, approved by any person. No responsibility, liability or obligation (whether in tort, contract or otherwise) is accepted by HSBC México, any of its affiliates or any of its or their officers, employees, agents or advisers (each an "Identified Person") as to or in relation to this presentation and any subsequent discussions (including the accuracy, completeness or sufficiency thereof) or any other written or oral information made available or any errors contained therein or omissions therefrom, and any such liability is expressly disclaimed. No responsibility or liability is accepted by HSBC México or any of its respective members, directors, officers, employees, affiliates or agents or any other person in relation to the accuracy, completeness or sufficiency of any information contained herein or any other written or oral information made available by HSBC Holding plc and its subsidiaries (together "HSBC"), in connection therewith or any data which any such information generates, or for any loss whatsoever arising from or in connection with the use of, or reliance on, this presentation and any such liability is expressly disclaimed. No representations or warranties, express or implied, are given by any Identified Person as to, and no reliance should be placed on the accuracy or completeness of any information contained in this presentation, any other written or oral information provided in connection therewith or any data which such information generates. No Identified Person undertakes, or is under any obligation, to provide the recipient with access to any additional information, to update, revise or supplement this presentation or any additional information or to remedy any inaccuracies in or omissions from this presentation. Past performance of HSBC Mexico can not be relied on as a guide to future performance. This presentation and subsequent discussion may contain projections, estimates, forecasts, targets, opinions, prospects, results, returns and forward-looking statements with respect to the financial condition, results of operations, capital position and business of HSBC Group and or/ of Grupo Financiero HSBC, S.A. de C.V. (together HSBC Group) together, "forward-looking statements". Any such forward-looking statements are not a reliable indicator of future performance, as they may involve significant assumptions and subjective judgments which may or may not prove to be correct and there can be no assurance that any of the matters set out in forward-looking statements are attainable, will actually occur or will be realised or are complete or accurate. Forward-looking statements are statements about the future and are inherently uncertain and generally based on stated or implied assumptions. The assumptions may prove to be incorrect and involve known and unknown risks, uncertainties, contingencies and other important factors, many of which are outside the control of HSBC Group. Actual achievements, results, performance or other future events or conditions may differ materially from those stated, implied and/or reflected in any forward-looking statements due to a variety of risks, uncertainties and other factors (including without limitation those which are referable to general market conditions or regulatory changes). Any such forward-looking statements are based on the beliefs, expectations and opinions of HSBC Group at the date the statements are made, and HSBC Group does not assume, and hereby disclaims, any obligation or duty to update, revise or supplement them if circumstances or management's beliefs, expectations or opinions should change. For these reasons, recipients should not place reliance on, and are cautioned about relying on, any forward-looking statements. No representations or warranties, express or implied, are given by any Identified Person as to the achievement or reasonableness of any projections, estimates, forecasts, targets, prospects or returns contained herein. Additional detailed information concerning important factors that could cause actual results to differ materially is available in HSBC Holdings plc's Annual Report and Accounts 2019, 1Q20 Earnings Release and the Local HSBC México press release. This presentation contains non-GAAP financial information. The primary non-GAAP financial measure we use is 'adjusted performance' which is computed by adjusting reported results for the period-on- period effects of foreign currency translation differences and significant items which distort period-on-period comparisons. Significant items are those items which management and investors would ordinarily identify and consider separately when assessing performance in order to better understand the underlying trends in the business. Reconciliations between non-GAAP financial measurements and the most directly comparable measures under GAAP are provided in HSBC Holdings plc's Annual Report and accounts 2019, the Reconciliations of Non-GAAP Financial Measures document and HSBC México press release which are available at www.hsbc.com. This presentation does not constitute a prospectus or other offering document in whole or in part. Information contained in this presentation is a summary only. Under no circumstances shall these presentation materials constitute or form part of, and should not be construed as, an invitation or offer for sale or subscription of, or a solicitation of any offer to buy or subscribe for, any securities of HSBC México referred to below in any jurisdiction or an inducement to enter into investment activity. Nor should they or any part of them form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. The information and opinions contained herein are provided as at the date of this presentation and are subject to change without notice without giving reasons, at any time and in any respect, and will only be finalised at the time of the Issue. This document is for the exclusive use of the person(s) to whom it is provided. It should be read in its entirety and shall not be photocopied, reproduced, further distributed or disclosed in whole or in part to any person other than the recipient for any purpose without the prior written consent. This presentation is not intended for distribution, directly or indirectly, to, or for use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This presentation does not constitute or form a part of any offer or solicitation to purchase or subscribe for any securities in the United States or any other jurisdiction. Credit ratings provided by third-party credit rating agencies may not reflect all risks of an investment in securities and may be subject to revision or withdrawal at any time. HSBC Group may in the course of its placement efforts be solicited by investment clients for whom it provides other services. HSBC México may also decide to allocate the Issue to the proprietary book of HSBC México or an affiliate. This represents a potential conflict of interest. HSBC has internal arrangements designed to ensure that HSBC México would give unbiased and full advice to a corporate finance client about valuation and pricing of an offering as well as internal systems, controls and procedures to identify and to manage potential conflicts of interest. HSBC México is a member of the HSBC Group. Information in this document was prepared on [May 22 2020]. PUBLIC 2