Prologis Property Mexico, S.a. De C.v. · BMV:FIBRAPL/14
Prologis Property Mexico, S.a. De C.v — FIBRA Prologis — Investor Presentation (August 2025)
30 slides from Prologis Property Mexico, S.a. De C.v's investor presentation, August 2025
Slide 1: Investor Presentation
Investor Presentation August 2025 Toluca, Mexico City
Slide 2: Forward-looking statements / Non-Solicitation
INVESTOR PRESENTATION Forward-looking statements / Non-Solicitation This presentation includes certain terms and non-IFRS financial measures that are not that our expectations will be attained and therefore, actual outcomes and results may specifically defined herein. These terms and financial measu
Slide 3: Harnessing Mexico's logistics real estate potential
Harnessing Mexico's logistics real estate potential
Slide 4: E-commerce demand growth
INVESTOR PRESENTATION E-commerce demand growth E-commerce requires 3x the logistics space of brick-and-mortar retail Annual Mexico E-Commerce Sales Mexico E-Commerce Sales & Share of Total Retail Sales1 US$ Millions US$ Millions, Annual 100,000 22% 90,000 21% 100,000 20% 80,000 19% 90,000 17% 80,000
Slide 5: Mexico's consumer growth outpaces the U.S
INVESTOR PRESENTATION Mexico’s Consumer households1, 2024 y/y change no. of (in millions) consumer growth outpaces the U.S U.S. Mexico City Juarez Tijuana Monterrey Guadalajara Reynosa 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% Prologis Research based on Oxford Economics data, December 2024. (1)Consumer hou
Slide 6: Manufacturing demand growth
INVESTOR PRESENTATION Manufacturing demand growth Mexico capital formation - machinery and equipment U.S. import volumes1, 2019 vs. current volume index; base 100:2018 US$ Billions 130 1000 120 110 800 100 90 600 80 400 70 60 200 50 40 0 China Asia x China Europe Canada Mexico 2019 ($B) 2024($B) 6 1
Slide 7: Long-term rental and value growth
INVESTOR PRESENTATION Long-term rental and value growth Effective Market Rent FIBRAPL Capital Value Growth $/SF/year $/SF 10.0 140 9.0 120 8.0 100 7.0 80 6.0 60 5.0 40 4.0 20 3.0 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 7 Source: Prologis Research, Fibra Prologis third-party appraisals produce
Slide 8: Shaping the future of logistics real estate: FIBRA Prologis
Shaping the future of logistics real estate: FIBRA Prologis
Slide 9: FIBRA Prologis: The market leader in Mexican industrial real estate
INVESTOR PRESENTATION Assets under US$9.2B management1 FIBRA Prologis: The market leader +376% Total return since IPO in Mexican industrial real estate 2024 annual net US$384M operating income Financial BBB+/BBB+/BBB strength and stability 345 buildings2 And 344 customers Backed by global expertise
Slide 10: A focused investment strategy
INVESTOR PRESENTATION A focused investment Focused on the top consumption and manufacturing markets strategy 6 Markets Ciudad Juarez 12.4 MSF 96.4% Occupancy 97.7% Period End Occupancy1 98.2% Average Occupancy1 Tijuana Reynosa 65.5 Million Square Feet2 8.3 MSF 98.9% Occupancy 5.6 MSF 96.6% Occupancy
Slide 11: A diversified customer base
INVESTOR PRESENTATION Customers by industry % NER basis Multicustomer 3PL 22.7% A diversified customer Electronics Auto Parts 14.0% 16.4% base Retailer Goods 10.2% 9.1% Industrial 7.5% Healthcare 7.0% 344 506 Packaging Paper 6.3% Home Goods 4.8% Apparel 2.0% Customers1 Leases Customer mix 21.8% 73.4
Slide 12: An industry-leading balance sheet
INVESTOR PRESENTATION An industry-leading balance sheet Loan to Value Debt / Adjusted EBITDA Fixed Charge Coverage Ratio 22.8% 4.3x 4.6x Weighted Average Effective Liquidity1 Weighted Average Interest Rate Remaining Maturity 4.8% US$1.1 B 3.6 yrs Data as of June 30, 2025. Note: Terrafina and Fibra P
Slide 13: World class corporate governance
INVESTOR PRESENTATION World class corporate Prologis owns 35% of FIBRA Prologis, demonstrating alignment with certificate holders governance Diverse and experienced technical committee1 Gender Tenure Prologis member, 45% Independent, 55% Deborah Carter Joseph Armando Nick 4 yrs Women Briones Andrus
Slide 14: A sponsor future-focused for investors
INVESTOR PRESENTATION A sponsor future-focused for investors Investor Platform presentation Public REITs Asset management New frontiers Largest global owner of Largest by market Leading global logistics- logistics real estate cap in the world focused asset manager > Sustainable energy Solar energy s
Slide 15: Ambitious net zero goals
INVESTOR PRESENTATION Ambitious net zero goals Prologis Inc. is committed to achieving net-zero GHG across its entire value chain by 2040. This commitment includes all operations globally, such as those of investment vehicles like FIBRA Prologis. Committed to Deploy 1 GW of Achieve 90% reduction in
Slide 16: Capturing today's unique growth opportunity
Capturing today's unique growth opportunity
Slide 17: Strong embedded growth potential
INVESTOR PRESENTATION Lease expiry profile by GLA & average in-place rent Strong embedded growth potential 44% Market rent spread to in-place2 14.00 35% $11.57 Portfolio statistics $11.18 12.00 30% $10.80 Avg in Place Rent per Sq Ft $7.03 $10.43 $9.98 $10.08 Avg Market Rent per Sq Ft $9.98 10.00 25%
Slide 18: FIBRA to grow 30+% in 4 years
INVESTOR PRESENTATION FIBRA to grow 30+% in 4 years External growth via Prologis development pipeline MSF1 89.1 Prologis and FIBRAPL 70.1 19.0 development pipeline Terrafina3 Prologis4 Land Bank & GLA (MSF) % Leased New Land Dev Expansion FIBRA Prologis Portfolio Terrafina Hold Portfolio 3 Devs Rese
Slide 19: Appendix
Appendix
Slide 20: Mexico logistics real estate fundamentals
INVESTOR PRESENTATION Mexico logistics real estate Market vacancy2 of 4.9% as of 2Q25, up 80 bps vs. 1Q2025 but still below the fundamentals1 5.5% pre-pandemic average. The increase in vacancy has been mostly Demand (T12M) vs supply pipeline Demand vs supply felt in the border markets as MSF Mkt MSF
Slide 21: FIBRA Prologis strong financial position (excluding Terrafina)
INVESTOR PRESENTATION FIBRA Prologis strong financial position (excluding Terrafina) BBB+/BBB+/BBB rated by S&P/HR Ratings/Fitch1 Debt metrics 2Q25 Debt maturity schedule Total debt $1,210M USD$ in millions Wtd avg rate 4.6% Secured Debt Unsecured Debt LOC USD denominated 100% 425 $10 Wtd avg term 4
Slide 22: Terrafina's financial position
INVESTOR PRESENTATION Terrafina's financial position BBB/BBB/Baa3 rated by S&P/Fitch / Moodys1 Debt metrics 2Q25 Debt maturity schedule Total debt $1,022M USD$ in millions Secured Debt Unsecured Debt LOC Wtd avg rate 5.6% $10 USD denominated 100% Wtd avg term 2.5 yrs 267 55 200 500 Available liquidi
Slide 23: 2025 Guidance
INVESTOR PRESENTATION 2025 Guidance US Dollars in thousands except per CBFI amounts FX = Ps$20.5 per US$1.00 Financial performance Low High Full year FFO, as modified by FIBRA Prologis, per CBFI (excludes incentive fees) $0.2200 $0.2400 Operations Year-end occupancy 96.5% 98.5% Same store cash NOI c
Slide 24: Creating value for certificate holders
INVESTOR PRESENTATION Creating value for certificate holders FIBRAPL distributions per CBFI & AFFO payout ratio USD$, % $0.25 0.2229 $0.20 0.0856 0.1500 $0.15 0.1410 0.1182 0.1240 0.1240 0.1200 0.1100 0.1075 0.1373 0.1000 0.0990 $0.10 0.07562 $0.05 101% 91% 94% 94% 95% 97% 81% 80% 85% 147% 94% $0.00
Slide 25: Historical growth
INVESTOR PRESENTATION Historical growth NOI growth Adjusted EBITDA growth USD, M USD, M CAGR R CAGR CAGR 384 341 +11% +11% 280 249 246 270 239 193 206 189 210 176 153 161 166 171 130 136 140 146 148 145 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 YTD 2015 2016 2017 2018 2019 2020 2020 2022 202
Slide 26: Portfolio growth since IPO
INVESTOR PRESENTATION Portfolio growth since IPO Gross leasable area1 SF (in Thousands), June 4, 2014 — June 30, 2025 65,523 65,483 46,850 42,634 43,553 40,210 34,170 34,600 35,980 34,898 31,530 32,601 29,753 IPO 4Q 2014 4Q 2015 4Q 2016 4Q 2017 4Q 2018 4Q 2019 4Q 2020 4Q 2021 4Q 2022 4Q 2023 4Q 2024
Slide 27: Fee structure
INVESTOR PRESENTATION Fee structure Transparent and aligned Fee Type Calculation Payment Frequency Operating Fees Property Management 3% x collected revenues Monthly Leasing Commission New leases: 5% x lease value for <6 yrs; 2.5% x lease value for 6-10 yrs; 1.25% x ½ at closing lease value for > 10
Slide 28: Fee structure
INVESTOR PRESENTATION Fee structure Aligned with the market G&A and administration fees annualized paid FIBRAPL + Terra (new structure) FIBRA MQ FUNO FIBRA Mty Vesta Administration / Management Fees1 56 13 48 - - Prof Fees + Other G&A 12 6 5 12 9 Payroll - - 112 6 15 Total G&A (US$ M) 68 19 165 18 2
Slide 29: Strategic acquisition of Prologis completed April 2020
INVESTOR PRESENTATION Strategic acquisition of Prologis completed April 2020 B-6 B-7 B-5 B-4 Prologis Park Grande B-8 Location: Mexico City B-3 Land size: 212.3 acres, 9.3 MSF GLA: 3.9 MSF B-2 100% leased 1.0 MSF B-1 1.0 MSF Unique competitive advantage – State of the art logistics park focused on e
Slide 30: FIBRA Prologis
FIBRA €*; PROLOGIS