Grupo Mexico S.a.b. De C.v. Class B · BMV:GMEXICO/B
Grupo Mexico S.a.b. De C.v. Class B — Q3 2025 Earnings Presentation
28 slides from Grupo Mexico S.a.b. De C.v. Class B's earnings presentation, October 2025
Slide 1: 3Q25 Results
3Q25 Results OCTOBER 2025
Slide 2: Disclaimer
3Q25 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 17p 23p 27p Contents 3
Slide 4: Main Highlights
3Q25 RESULTS MAIN HIGHLIGHTS 01 Main Highlights ESG Highlights Scorecard Financial Highlights Balance sheet Debt Maturity Profile 4
Slide 5: ESG Highlights
3Q25 RESULTS GRUPO MEXICO ESG Highlights Sustainability is a key pillar of Grupo Mexico’s business model. S&P Global increased Grupo México's Corporate Sustainability Assessment We made progress on our sustainability 2025 rating by 9 points over the previous year. This result places the ratings comp
Slide 6: ESG Highlights
3Q25 RESULTS GRUPO MEXICO ESG Highlights Sustainability is a key pillar of Grupo Mexico’s business model. Healthy communities In 2025, Fundación Grupo México’s Health Train offered over 20,000 free with Dr. Vagón. consultations in Sonora, the most impactful visit in its history. Additionally, on its
Slide 7: Scorecard 9M25
3Q25 RESULTS GRUPO MEXICO US$13,024M 798,394 TONS OF CU IN 9M25 US$0.92 /LB ACCUMULATED SALES 9M25 NET CASH COST 5.7% vs 2024 A 2.6% decrease vs 9M24 -17.9% vs 2024 11.3% vs 3Q24 A 5.5% decrease vs 3Q24 -24.9% vs 3Q25 US$7,083M P$1.50 4.0% 9M25 EBITDA 3Q25 DIVIDEND 3Q25 DIVIDEND YIELD 9.4% vs 2024 1
Slide 8: Financial Highlights
3Q25 RESULTS GRUPO MEXICO Financial Highlights USD 3Q25 3Q24 VAR % 9M25 9M24 VAR% REVENUE (MM) 4,592 4,127 11.3% 13,024 12,323 5.7% OPERATING INCOME (MM) 2,079 1,751 18.7% 5,838 5,258 11.0% EBITDA (MM) 2,505 2,173 15.3% 7,083 6,472 9.4% EBITDA MARGIN 54.6% 52.7% 54.4% 52.5% CASH COST 0.78 1.04 -24.9
Slide 9: Grupo Mexico maintains a solid balance sheet
3Q25 RESULTS GRUPO MEXICO Grupo Mexico maintains a solid balance sheet Dividend Payments Low leverage Payout Dividend Ratio Yield 91% fixed-rate debt 1Q $1.00 53.9% 2024 3.9% 2024 78% USD denominated 2Q $1.20 44.7% 4.6% 48% 4.4% 2024 3Q $1.30 48.6% 4.7% Stock performance Average Average 4Q $1.10 Pri
Slide 10: Debt Maturity Profile
3Q25 RESULTS GRUPO MEXICO Debt Maturity US Millions Profile 2025 242 2026 83 2027 891 2028 603 2029 663 2030 31 MINING DIVISION 2031 19 2032 1,016 TRANSPORTATION DIVISION 2033 18 2034 20 2035 1,021 INFRASTRUCTURE DIVISION 2036 23 2037 24 2038 25 2039 26 2040 1,115 Comfortable maturity schedule. 2041
Slide 11: Mining Division
3Q25 RESULTS MAIN HIGHLIGHTS 02 Mining Division Copper Market Financial Highlights Projects Update Continuous Value Creation 11
Slide 12: Copper Market
3Q25 RESULTS MINING DIVISION Copper Market Outlook Expected market deficit in 2025. LME Copper Price Low copper inventories. Currently it covers 8 days of consumption. 4.17 New demand from decarbonization 3Q24 technologies and artificial intelligence technologies. 3Q25 +6% Recent US tariff policy ch
Slide 13: Mining Division Financial Highlights 9M25
3Q25 RESULTS MINING DIVISION US$10,334M US$5,729M 798,394 ACCUMULATED SALES 9M25 EBITDA TONS OF COPPER IN 9M25 Accumulated sales were 9.6% higher than 2024, due 12% increase vs 2024, with a 55.4% margin. A decrease of 2.6% vs 2024, due to decreased to an increase in the volume of molybdenum, silver
Slide 14: Projects Updates
3Q25 RESULTS MINING DIVISION Projects Updates Tía Maria Arequipa, Perú (2027): As of September 30, 2025, progress at Tia Maria stood at 23% and 2,109 new jobs had been generated; 809 of these positions were filled with local applicants. To the fullest extent possible, we intend to fill the 3,500 job
Slide 15: Projects Updates
3Q25 RESULTS MINING DIVISION Projects Updates Los Frailes Andalucía, Spain (2029): This deposit is located within the Aznalcollar mining district in the Iberian Pyritic Belt, a metallurgical zone of worldwide importance. The project consists of an underground mine with a milling plant of over 8,000
Slide 16: Projects Updates
3Q25 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 more than 1,230 million tonnes in sulphide ore reserves with an average ore grade of 0.40% and 141 million tonn
Slide 17: Transportation Division
3Q25 RESULTS MAIN HIGHLIGHTS 03 Transportation Division Financial Highlights Main Variations Operating Metrics CAPEX 2026 Outlook 2026 17
Slide 18: Transportation Financial Highlights
3Q25 RESULTS TRANSPORTATION DIVISION Financial Highlights 9M25 US$2,500M US$1,071M Transported volume 9M25 ACCUMULATED SALES 9M25 EBITDA NET TON-KM CARLOADS A 2.6% decrease vs 2024. 8.9% increase vs 3Q24. 2.3% lower than 2024. 42.9% margin. -4.6% -4.4% vs 2024. 8.1% increase vs 3Q24. 1,475,463 cars
Slide 19: Main Variations
3Q25 RESULTS TRANSPORTATION DIVISION Main Variations Revenue 3Q25 | MXN % Revenue Growth 35% Automotive Additional volume in longer hauls and production increases. H igh 24% 15% Agric ultural Border imports increased to offset lower local crops. Medium 4% 3% Intermodal Cross border volume has steadi
Slide 20: Operating Metrics
3Q25 RESULTS TRANSPORTATION DIVISION Operating Metrics 3Q25 VS 3Q24 Average train speed Dwell time Cars velocity (KM/HR) (HOURS) (KM/DAY) +16% -25% +24% 33.7 28.4 249.6 3Q24 3Q24 3Q24 3Q25 3Q25 3Q25 39.2 20.9 308.4 Average train length Gross tons per train Crew starts (METERS) (TONS) (AVERAGE MONTH)
Slide 21: CAPEX GMXT - 2026
3Q25 RESULTS CAPEX GMXT - 2026 Million USD Description 2026 Main Projects ▪ New Rail & Ties (1) Track and ▪ Locomotive and Machinery Overhauls Equipment $ 175.1 ▪ Tools and equipment ▪ Bridges (2) Yards and $ 178.5 ▪ Yards reconfiguration Terminals ▪ Siding enlargement ▪ Safety Program Special Proje
Slide 22: Outlook
3Q25 RESULTS TRANSPORTATION DIVISION Outlook 2026 2025 2026 Average train speed Dwell time (KM/HR) (HOURS) 2% - 3% 5% - 7%+24% +16% Volume Growth -25% Average train length Gross tons per train (METERS) (TONS) +1% -2% +3% RevenueGrowth 5% - 6% 8% - 10% CAPEX $580.3 $472.7 (Million USD) 22
Slide 23: Infrastructure Division
3Q25 RESULTS INFRASTRUCTURE DIVISION 04 Infrastructure Division Financial Highlights Relevant Events 23
Slide 24: Infrastructure Financial Highlights 9M25
3Q25 RESULTS INFRASTRUCTURE DIVISION US$496M US$237M US$45M 9M25 SALES 9M25 EBITDA 9M25 NET INCOME 13.9% lower than 2024. 55.1% lower than 9M24. 28.5% lower vs 2024, with a 47.7% margin This is due to the impact of the suspension of 4 rigs and negative foreign exchange effects, partially offset by t
Slide 25: Relevant Events
3Q25 RESULTS INFRASTRUCTURE DIVISION Relevant Events Energy Fueled by La Caridad and Fenicias business achieves The Energy business continued to deliver double-digit growth, with cumulative net sales of $234 million (+22.9% YoY) and EBITDA of $122 million (+8.7% YoY). These results were primarily dr
Slide 26: Relevant Events
3Q25 RESULTS INFRASTRUCTURE DIVISION Relevant Events Construction & Solid execution despite project cycle transitions Engineering The Construction and Engineering business remained focused on disciplined project execution, posting cumulative revenues of $89.6 million and EBITDA of $15.3 million. Whi
Slide 27: Q&A
3Q25 RESULTS MAIN HIGHLIGHTS 05 Q&A 27
Slide 28: 3Q25 Results
OCTOBER 2025 = GrupoMexico 3Q2 5 Results