Grupo Mexico S.a.b. De C.v. Class B · BMV:GMEXICO/B
Grupo Mexico S.a.b. De C.v. Class B — Q2 2025 Earnings Presentation
26 slides from Grupo Mexico S.a.b. De C.v. Class B's earnings presentation, July 2025
Slide 1: 2Q25 Results
2Q25 Results JULY 2025
Slide 2: Disclaimer
2Q25 RESULTS DISCLAIMER Disclaimer Summary financial information This information is given in summary form and does not purport This presentation may contain forward looking statements This document includes summary financial information and to be complete. Information in this presentation, includin
Slide 3: Contents
01 02 03 04 05 Grupo México’s Mining Division Transportation Division Infrastructure Division Q&A Session Main Highlights Main Highlights Main Highlights Main Highlights 04p 11p 16p 21p 25p Contents 3
Slide 4: Main Highlights
2Q25 RESULTS MAIN HIGHLIGHTS 01 Main Highlights ESG Highlights Scorecard Financial Highlights Balance sheet Debt Maturity Profile 4
Slide 5: ESG Highlights
2Q25 RESULTS GRUPO MEXICO ESG Highlights Sustainability is a key pillar of Grupo Mexico’s business model. One of the most internationally respected evaluations in environmental, Grupo Mexico was honored with its social, and governance (ESG) performance. The Yearbook highlights inclusion in S&P compa
Slide 6: ESG Highlights
2Q25 RESULTS GRUPO MEXICO ESG Highlights Sustainability is a key pillar of Grupo Mexico’s business model. Promoting music As part of our Youth Orchestras and Choirs program, we offered master education in Mexican classes led by professionals from the Orquesta Sinfónica de Minería to all communities
Slide 7: Scorecard 1H25
2Q25 RESULTS GRUPO MEXICO US$8,432M 532,958 TONS OF CU IN 1H25 US$0.98 /LB ACCUMULATED SALES 1H25 NET CASH COST 2.9% vs 2024 A 1.1% decrease vs 1H24 -15% vs 2024 US$4,578M P$1.30 4.4% 1H25 EBITDA 2Q25 DIVIDEND 2Q25 DIVIDEND YIELD 6.5% vs 1H24 Scorecard 1H25. 7
Slide 8: Financial Highlights
2Q25 RESULTS GRUPO MEXICO Financial Highlights USD 2Q25 2Q24 VAR % 1H25 1H24 VAR% REVENUE (MM) 4,239 4,397 -3.6% 8,432 8,196 2.9% OPERATING INCOME (MM) 1,925 1,964 -2.0% 3,759 3,507 7.2% EBITDA (MM) 2,364 2,332 1.4% 4,578 4,298 6.5% EBITDA MARGIN 55.8% 43% 54.3% 52.4% CASH COST 0.93 1.03 -9.9% 0.98
Slide 9: Grupo Mexico maintains a solid balance sheet
2Q25 RESULTS GRUPO MEXICO Grupo Mexico maintains Dividend Payments a solid balance sheet 1Q $1.00 Low leverage 4.4% 2023 2Q 91% of the debt has a fixed rate 4.3% Average $0.80 4.7% 2023 3Q $1.00 5.4% 4Q $0.80 3.6% Debt 1Q 3.9% 0.1x $1.00 Net Debt/EBITDA ratio 2024 2Q $1.20 4.6% 4.4% Average 2024 3Q
Slide 10: Debt Maturity Profile
2Q25 RESULTS GRUPO MEXICO Debt Maturity US Millions Profile 2025 2026 2027 57.2 290.2 868.3 2028 590.6 2029 650.6 2030 30.4 MINING DIVISION 2031 18.5 2032 1,015.50 TRANSPORTATION DIVISION 2033 17.2 2034 19 INFRASTRUCTURE DIVISION 2035 1,020.60 2036 22.1 2037 23.4 2038 24.5 2039 25.4 2040 1,115.00 Co
Slide 11: Mining Division
2Q25 RESULTS MAIN HIGHLIGHTS 02 Mining Division Copper Market Financial Highlights Projects Update Continuous Value Creation 11
Slide 12: Copper Market
2Q25 RESULTS MINING DIVISION Copper Market Outlook Expected market deficit in 2025. LME Copper Price Low copper inventories equivalent to 6 days of consumption. 4.42 Strong Chinese economy. 2Q24 New demand from decarbonization 2Q25 -2.0% technologies and artificial intelligence 4.32 technologies. St
Slide 13: Mining Division Financial Highlights 1H25
2Q25 RESULTS MINING DIVISION US$6,670M US$3,670M 532,958 ACCUMULATED SALES 1H25 EBITDA TONS OF COPPER IN 1H25 7.3% higher than 2024, mainly due to an increase in 9.4% increase vs 2024, with a 55% margin. A decrease of 1.1% vs 2024, mainly due to a metal prices. production decrease in Minera México (
Slide 14: Projects Updates
2Q25 RESULTS MINING DIVISION Projects Updates Tía Maria Arequipa, Perú (2027): As of June 30, 2025, the Company has generated 1,376 new jobs of which 802 were filled with local applicants. To the fullest extent possible, we intend to fill the 3,500 jobs estimated to be required during Tia Maria´s co
Slide 15: Projects Updates
2Q25 RESULTS MINING DIVISION Projects Updates El Arco Baja California, Mexico (2030): This is a world-class copper deposit located in the central part of the Baja California peninsula with sulfide ore reserves of over 1,230 million tonnes and an average ore grade of 0.40%, and 141 million tonnes of
Slide 16: Transportation Division
2Q25 RESULTS MAIN HIGHLIGHTS 03 Transportation Division Financial Highlights Main Variations Operating Metrics CAPEX 2025 16
Slide 17: Transportation Financial Highlights
2Q25 RESULTS TRANSPORTATION DIVISION Financial Highlights 1H25 US$1,628M US$712M Transported volume 1H25 ACCUMULATED SALES 1H25 EBITDA NET TON-KM CARLOADS A 7.8% decrease vs 2024. 6.8% lower than 2024. -8.8% -6.6% vs 2024. 975,858 cars hauled during 1H25. US$255M 1H25 NET INCOME P$0.50 2Q25 DIVIDEND
Slide 18: Main Variations
2Q25 RESULTS TRANSPORTATION DIVISION Main Variations Revenue 2Q25 | MXN % Revenue Growth Improved network fluidity has allowed us to gain market share in exports 24% Automotive to the US compared to ships and other railroads 19% Minerals Imports increased, as did longer and more consistent shipments
Slide 19: Operating Metrics
2Q25 RESULTS TRANSPORTATION DIVISION Operating Metrics 2Q25 VS 2Q24 Average train speed Dwell time Cars velocity (KM/HR) (HOURS) (KM/DAY) +15.0% -11.0% +25.0% 34.2 25.4 249.8 2Q24 2Q24 2Q24 2Q25 2Q25 2Q25 39.4 22.5 311.3 Average train length Gross tons per train Crew starts (METERS) (TONS) (AVERAGE
Slide 20: CAPEX GMXT - 2025
2Q25 RESULTS CAPEX GMXT - 2025 Million USD Description 2025 Main Projects ▪ New Rail & Ties (1) ▪ Locomotive and Machinery Overhauls Track and ▪ Tools and equipment Equipment $ 414.5 ▪ Bridges (2) ▪ Acquisition 60 locomotives ▪ Yards reconfiguration Yards and Siding enlargement $ 82.3 ▪ Terminals ▪
Slide 21: Infrastructure Division
2Q25 RESULTS INFRASTRUCTURE DIVISION 04 Infrastructure Division Financial Highlights Relevant Events 21
Slide 22: Infrastructure Financial Highlights 1H25
2Q25 RESULTS INFRASTRUCTURE DIVISION US$342M US$161M US$30M 1H25 SALES 1H25 EBITDA 1H25 NET INCOME 11.9% lower than 2024. 55.2% lower than 1H24. 29.8% lower vs 2024, with a 47% margin This is due to the impact of 4 oil rig suspension, and negative exchange effects. This was partially offset by the o
Slide 23: Relevant Events
2Q25 RESULTS INFRASTRUCTURE DIVISION Relevant Events Energy Powered by La Caridad and Fenicias business delivers Our Energy segment posted solid growth in the second quarter, with cumulative net sales of $157 million (+17.3% YoY) and EBITDA of $81 million (+3.9% YoY). This was largely driven by high
Slide 24: Relevant Events
2Q25 RESULTS INFRASTRUCTURE DIVISION Relevant Events Construction & Sustained execution amid project transitions Engineering Our Construction and Engineering division maintained stable operations throughout the second quarter, showcasing disciplined execution and operational continuity across multip
Slide 25: Q&A
2Q25 RESULTS MAIN HIGHLIGHTS 05 Q&A 25
Slide 26: 2Q25 Results
JULY 2025 = GrupoMexico 2Q2 5 Results