Prologis Property Mexico, S.a. De C.v. · BMV:FIBRAPL/14
Prologis Property Mexico, S.a. De C.v — Fibra Prologis Reit Ctfs — Q2 2026 Earnings Presentation
29 slides from Prologis Property Mexico, S.a. De C.v's earnings presentation, Jul 24, 2026
Slide 1: Investor Presentation
Investor Presentation May 2026 Lerma Bldg 1, Mexico
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 90,000 23% 90,000 22% 80,000 80,000 20% growth 21% 19% (2026-28
Slide 5: Mexico's consumer growth outpaces the U.S.
INVESTOR PRESENTATION Mexico’s Consumer households1, 2025 y/y change no. of (in millions) consumer growth outpaces the U.S U.S. Mexico City Juarez Reynosa Guadalajara Monterrey Tijuana 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% Prologis Research based on Oxford Economics data, December 2025. (1)Consumer hou
Slide 6: Manufacturing demand growth
INVESTOR PRESENTATION Manufacturing demand growth Mexico capital formation - machinery and equipment1 U.S. import volumes2, 2019 vs. current volume index; base 100:2018; 2010-Jan 2026 US$ Billions 130 1200 120 110 1000 100 800 90 80 600 70 400 60 200 50 40 0 China Asia x China Europe Canada Mexico 2
Slide 7: Mexico logistics real estate fundamentals
INVESTOR PRESENTATION Mexico logistics real estate Market vacancy2 of 6.9% as of 1Q26, up 70 bps vs. 4Q25; we expect vacancy fundamentals1 remains flat during 2026 with conditions to smooth out in 2H. Demand (T12M) vs supply pipeline Demand vs supply Fast deliveries in Guadalajara and move- MSF MSF
Slide 8: 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 2026 8 Source: Prologis Research, Fibra Prologis third-party appraisals pr
Slide 9: Shaping the future of logistics real estate: FIBRA Prologis
Shaping the future of logistics real estate: FIBRA Prologis
Slide 10: FIBRA Prologis: The market leader in Mexican industrial real estate
INVESTOR PRESENTATION Assets under US$9.5B management1 FIBRA Prologis: The market leader +466% Total return since IPO(1) in Mexican industrial real estate US$157M 1Q26 net operating income Financial BBB+/BBB+/BBB strength and stability 350 buildings2 And 350 customers Backed by global expertise and
Slide 11: A focused investment strategy
INVESTOR PRESENTATION A focused investment Focused on the top consumption and manufacturing markets strategy 6 Markets Ciudad Juarez 12.2 MSF 95.0% Occupancy 97.0% Period End Occupancy1 97.4% Average Occupancy1 Tijuana Reynosa 65.8 Million Square Feet2 8.3 MSF 96.2% Occupancy 5.6 MSF 98.5% Occupancy
Slide 12: A diversified customer base
INVESTOR PRESENTATION Customers by industry % NER basis Multicustomer 3PL 24% A diversified customer Electronics Auto Parts 13% 16% base Industrial Goods 8% 11% Retailer 8% Packaging Paper 7% Healthcare 6% 350 504 Home Goods Apparel 4% 3% Customers1 Leases Customer mix 24.7% 81.4% E-Commerce 3PL Man
Slide 13: An industry-leading balance sheet
INVESTOR PRESENTATION An industry-leading balance sheet Loan to Value1 Debt / Adjusted EBITDA Fixed Charge Coverage Ratio 25.0% 4.4x 4.0x Weighted Average Effective Liquidity2 Weighted Average Interest Rate Remaining Maturity 5.1% US$1,066 M 6.4 yrs Data as of March 31, 2026. Note: Terrafina and Fib
Slide 14: 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 15: 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 16: 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 17: Capturing today's unique growth opportunity
Capturing today's unique growth opportunity
Slide 18: Strong embedded growth potential
INVESTOR PRESENTATION Lease expiry profile by GLA & average in-place rent Strong embedded growth potential 32.9% Market rent spread to in-place2 14.0 35% $11.7 Portfolio statistics $10.1 12.0 $11.3 30% $10.9 Avg in Place Rent per Sq Ft $7.73 $10.6 $10.2 Avg Market Rent per Sq Ft $10.1 10.0 25% 8.7 8
Slide 19: FIBRA to grow +23% in 4 years
INVESTOR PRESENTATION FIBRA to grow +23% in 4 years External growth via Prologis development pipeline MSF1 86.3 Prologis and FIBRAPL 70.1 16.2(3) development pipeline GLA (MSF) % Leased Dev Land Reserves & FIBRA Prologis Portfolio(3) pipeline Expansion Land2 Mexico City 1.8 32.0% Monterrey 1.0 44.9%
Slide 20: Appendix
Appendix
Slide 21: FIBRA Prologis strong financial position
INVESTOR PRESENTATION FIBRA Prologis strong financial position BBB+/BBB+/BBB rated by S&P/HR Ratings/Fitch1 Debt maturity schedule USD$ in millions Debt metrics 1Q26 Total debt $2,459M Secured Debt Secured Debt Secured Debt Wtd avg rate 4.9% 500 USD denominated 100% 500 $105 500 Wtd avg term 6.4 yrs
Slide 22: 2026 Guidance
INVESTOR PRESENTATION 2026 Guidance US Dollars in thousands except per CBFI amounts FX = Ps$18.5 per US$1.00 Guidance Financial performance Low High Full year FFO, as modified by FIBRA Prologis, per CBFI (excludes incentive fees)(1) $0.2400 $0.2600 Operations Year-end occupancy 96.5% 98.5% Same stor
Slide 23: Creating value for certificate holders
INVESTOR PRESENTATION Creating value for certificate holders FIBRAPL distributions per CBFI & AFFO payout ratio USD$, % $0.35 0.3117 $0.30 0.1617 $0.25 0.2229 $0.20 0.0856 $0.15 0.1700 0.1410 0.1500 0.1373 $0.10 0.1182 0.1240 0.1240 0.1200 0.1000 0.1100 0.1075 0.0990 $0.05 0.07562 101% 91% 94% 94% 9
Slide 24: Historical growth
INVESTOR PRESENTATION Historical growth NOI growth Adjusted EBITDA growth USD, M R 1 USD, M CAGR CAGR CAGR 561 +14% 486 +14% 384 341 270 249 210 239 193 206 161 166 171 189 148 176 145 153 130 136 140 146 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2015 2016 2017 2018 2019 2020 2020 2022
Slide 25: Portfolio growth since IPO
INVESTOR PRESENTATION Portfolio growth since IPO Gross leasable area (MSF)1 SF (in Thousands), June 4, 2014 — March 31, 2026 65.5 65.7 65.9 65.8 46.9 42.6 43.6 40.2 34.2 34.6 36.0 34.9 29.8 31.5 32.6 IPO 4Q 2014 4Q 2015 4Q 2016 4Q 2017 4Q 2018 4Q 2019 4Q 2020 4Q 2021 4Q 2022 4Q 2023 4Q 2024 3Q25 4Q2
Slide 26: Fee structure
INVESTOR PRESENTATION Fee structure Transparent and aligned Fee Type Calculation Payment Frequency Operating Fees Property Management 3% x collected revenues Monthly Leasing Commission New leases: 5% x lease value for <6 yrs; 2.5% x lease value for 6-10 yrs; 1.25% x ½ at closing lease value for > 10
Slide 27: Fee structure
INVESTOR PRESENTATION Fee structure Aligned with the market G&A and administration annual fees paid ($ in millions) FIBRA PL FIBRA MQ FUNO FIBRA MTY Vesta 1 Administration / Management Fees 57 13 59 - - Prof Fees + Other G&A 10 9 - 6 8 Payroll - - 126 9 16 Total G&A (US$ M) 66 22 185 14 24 AUM (US$
Slide 28: 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 29: FIBRA Prologis
FIBRA €*; PROLOGIS’
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