Investor Presentaiton

О Market volatility, inflation concerns, and actions from central banks have impacted currencies, albeit with idiosyncratic factors still at play individually 2022 performance vs. USD %, YTD RUB USD/MXN forecast Pesos per dollar 33.5 24.25 PEN 33.55 23.00 BRL MXN 0.4 21.75 HKD -0.7 IDR -4.8 20.50 COP -5.0 CNY -5.8 19.25 MYR -6.4 ZAR -6.5 ил TWD -7.4 CLP -8.2 PLN -13.1 HUF -16.4 ARS -20.4 TRY -24.2 18.00 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 IMM positioning in USD/MXN futures USD$ billion (negative = net long in MXN) 3.0 Forecast 21.80 20.70 Dec-22 Dec-23 CAD -2.0 AUD -5.0 CHF -5.7 1.0 NZD -8.7 EUR -9.9 -1.0 DKK -10.0 NOK -11.0 GBP -11.2 -3.0 SEK -11.4 JPY -16.5 -5.0 -35 -25 -15 -5 5 15 25 35 Jan-14 Jun-15 Nov-16 Apr-18 Sep-19 Feb-21 Jul-22 Source: Banorte with data from Bloomberg and CME Div DB 20 Rev Dep NIM TI LD Loan BAP Guid ESG Eco 67 Hist NI ROE ICAP Mkt App C/I GRUPO FINANCIERO BANORTE

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