Grupo Mexico S.a.b. De C.v. Class B · BMV:GMEXICO/B
Grupo Mexico S.a.b. De C.v. Class B — Q3 2026 Earnings Presentation
29 slides from Grupo Mexico S.a.b. De C.v. Class B's earnings presentation, October 2026
Slide 1: 3Q26 Results
October 2026 3Q26 3Q26 Results This document includes summary financial information and You can access our financial should not be considered a substitute for our full financial reports and other disclosures at: statements, including footnotes, management/auditors’ reports, and related management’s
Slide 2: Disclaimer
Disclaimer Disclaimer This information is given in summary form and does not purport to be complete. Information in this presentation, including financial forecasts, should not be considered as This presentation may contain forward looking statements including statements regarding our advice or a re
Slide 3: Contents
01 02 p.04 p.09 Grupo México Mining Division 03 04 p.16 p.22 Transportation Infrastructure Division Division 05 p.27 Contents Reference Slides
Slide 4: Grupo México's Main Highlights
3Q26 RESULTS 04 01 ESG Highlights Scorecard Financial Highlights Balance sheet Debt Maturity Profile Grupo México’s Main Highlights
Slide 5: ESG Highlights
GRUPO MÉXICO 3Q26 RESULTS 05 ESG Highlights Sustainability is a key pillar of Grupo Mexico’s business model. Silver Helmet Award for best safety Participative environmental monitoring in Michiquillay performance The Participative Environmental Committee for the Four operations in Sonora, the lime pl
Slide 6: 3Q26 Scorecard
GRUPO MÉXICO 3Q26 RESULTS 06 3Q26 Accumulated sales Tons of Cu In 9M26 9M26 Net Cash Cost US$17,616M 775,997 US$0.38/LB + 35.3% vs. 9M25 - 2.8% decrease vs - 58.8% vs. 9M25 9M25 9M26 EBITDA 3Q26 Dividend 3Q26 Dividend Yield US$10,620M $1.26 equivalent in shares 2.1% • 1 share of common stock per 194
Slide 7: Grupo Mexico maintains a solid balance sheet
GRUPO MÉXICO 3Q26 RESULTS 07 Grupo Mexico maintains Dividend Payments Payout Ratio Dividend Yield a solid balance sheet 1Q $1.00 53.9% 2024 3.9% 2024 2024 2Q $1.20 44.7% 4.6% Low 89% 83% USD 48% 4.4% leverage fixed denominated 3Q Average $1.30 48.6% 4.7% Average 4Q $1.10 45.0% 4.2% 1Q $1.20 48.7% 4.
Slide 8: Debt Maturity Profile
GRUPO MÉXICO 3Q26 RESULTS 08 Debt Maturity Profile Mining Transportation Infrastructure Division Division Division Comfortable maturity schedule. Cash reached US$13.8Bn. US Millions 2,093 1,500 1,250 1,274 1,200 1,055 1,120 1,000 1,000 1,000 589 198 41 0 0 0 0 0 0 0 2026 2027 2028 2029 2030 2031 203
Slide 9: Mining Division Main Highlights
3Q26 MINING DIVISION RESULTS 09 02 Copper Market Financial Highlights Projects Update Continuous Value Creation Mining Division Main Highlights
Slide 10: 3Q26 Copper Market
MINING DIVISION 3Q26 RESULTS 10 3Q26 LME Copper Price Outlook + + + 44% Expected slight Copper inventories surplus in 2026. currently cover 14 days of consumption. 6.41 + - Higher demand driven Lower demand coming by decarbonization from Real Estate and 4.44 technologies, artificial Infrastructure i
Slide 11: 3Q26 Financial Highlights - Mining
MINING DIVISION 3Q26 RESULTS 11 3Q26 Accumulated sales 9M26 EBITDA Tons of Copper in 9M26 US$14,429 M US$9,161 M 775,997 + 39.6% increase vs 9M25, mainly + 59.9% increase vs 9M25 A slight reduction of 2.8% vs 9M25, due to an increase in volumes of with a 63.5% margin. due principally to lower ore gr
Slide 12: Perú Projects Updates
MINING DIVISION 3Q26 RESULTS 12 Perú Projects Updates Tía Maria Los Chancas Arequipa, Perú (2028): Apurimac, Peru (2031): By the end of the third quarter of 2026, the project had Social and environmental management programs are reached 49.6% overall completion and generated 6,817 jobs, being impleme
Slide 13: Perú Projects Updates
MINING DIVISION 3Q26 RESULTS 13 Perú Projects Updates Michiquillay Cuajone Expansion Cajamarca, Peru (2032): Moquegua, Peru: The deposit’s Mineral Resource Estimation and At Cuajone, we are evaluating an expansion of the Classification report has been developed using geological concentrator’s millin
Slide 14: Mexico Projects Updates
MINING DIVISION 3Q26 RESULTS 14 Mexico Projects Updates El Pilar Sonora, Mexico (2029): This new copper project has obtained all required environmental permits. In September 2026, early site preparation began for the development of power infrastructure and onsite construction offices. Contracts and
Slide 15: Projects Timeline
MINING DIVISION 3Q26 RESULTS RESULTS 15 Projects Timeline Tía María El Pilar Los Frailes El Arco Los Chancas Michiquillay Empalme Perú México Andalucía, Spain México Perú Perú Smelter 120k tons Cu 36k tons Cu 85k tons Zn 190k tons Cu 130k tons Cu 225k tons Cu 105k Oz Au 7.5k tons Mo $1.1 Bn $1.8 Bn
Slide 16: Transportation Division Main Highlights
3Q26 TRANSPORTATION DIVISION RESULTS 16 03 Financial Highlights Main Variations Operating Metrics CAPEX 2027 Transportation Division Outlook 2027 Main Highlights
Slide 17: 3Q26 Financial Highlights - Transportation
TRANSPORTATION DIVISION 3Q26 RESULTS 17 3Q26 Accumulated sales TRANSPORTED VOLUME 9M26 NET TON-KM CARLOADS US$2,850 M 5.4% 5.4% vs 9M25 + 14.0% increase vs 9M25 + 1,555,046 cars hauled in 9M26 9M26 EBITDA 9M26 NET INCOME US$1,171 M US$332 M Financial 9.3% higher than 9M25 11.3% lower than 9M25 + - H
Slide 18: Main Variations
TRANSPORTATION DIVISION 3Q26 RESULTS 18 Main Variations Revenue 3Q26 | MXN % Revenue Growth
Slide 19: 3Q26 vs 3Q25
TRANSPORTATION DIVISION 3Q26 RESULTS 19 3Q26 VS 3Q25 Average train speed Dwell time Cars velocity (KM/HR) (HOURS) (KM/DAY) 0% +8% -2% 3Q25 39.2 3Q25 20.9 3Q25 308.4 38.8 3Q26 3Q26 22.4 3Q26 301.8 Average train length Gross tons per train Crew starts (METERS) (TONS) (AVERAGE MONTH) +3% +3% +1% 3Q25 1
Slide 20: CAPEX GMXT 2027
TRANSPORTATION DIVISION 3Q26 RESULTS 20 CAPEX GMXT 2027 Million USD Description 2027 Main Projects • New Rail & Ties (1) • Locomotive and Machinery Track and Equipment $ 384.0 Overhauls • Tools and equipment • Bridges (2) CALEXICO SAN ANGELO J.C.T • Under cutting (3) MEXICALI BIG LAKE NOGALES ELPASO
Slide 21: Outlook 2027
TRANSPORTATION DIVISION 3Q26 RESULTS 21 Outlook 2027 2026 2027 Volume 3% - 5% 5% - 8% Growth Revenue 6% - 8% 8% - 10% Growth CAPEX $450.0 $619.2 (Million USD)
Slide 22: Infrastructure Division Main Highlights
3Q26 INFRASTRUCTURE DIVISION RESULTS 22 04 Financial Highlights Relevant Events Infrastructure Division
Slide 23: 3Q26 Financial Highlights - Infrastructure
INFRASTRUCTURE DIVISION 3Q26 RESULTS 23 3Q26 9M26 Sales 9M26 EBITDA 9M26 Net income US$618 M US$309 M US$371 M + 24.6% higher than + 30.5% higher vs 9M25, + 729.4% higher vs 9M25, 9M25, this is mainly with a 49.9% margin, as a result of the sale of explained by the mainly driven by higher 81.1% of o
Slide 24: Relevant Events
INFRASTRUCTURE DIVISION 3Q26 RESULTS 24 Relevant Events Energy Business Oil and Drilling (PEMSA) SAAVI integration marks a new chapter Strong operational and earnings recovery During the 3Q26, the energy division delivered strong For the third quarter of this year, PEMSA reported growth, with revenu
Slide 25: Relevant Events
INFRASTRUCTURE DIVISION 3Q26 RESULTS 25 Relevant Events Real Estate Real Estate Continues to provide stable growth and high-quality Grupo Proyecta builds the foundation for lonf-term recurring cash flow real estate growth The Real Estate segment maintained its positive Since January 1, 2026, Grupo M
Slide 26: Energy Division Assets
INFRASTRUCTURE DIVISION 3Q26 RESULTS 26 Rosita II 337 MW La Caridad 530 MW • 7 combined cycle plants Energy Combined Cycle Plant Combined Cycle Plant • 2 wind farms • 1 solar power plant Rosita I 896 MW • 1 facility of 3 mobile gas Combined Cycle Plant turbines Division Chihuahua 328 MW Combined Cyc
Slide 27: Reference Slides
3Q26 Q&A RESULTS 27 05 Reference Slides
Slide 28: Financial Highlights
28 GRUPO MÉXICO 3Q26 RESULTS Financial Highlights USD 3Q26 3Q25 VAR % 9M26 9M25 VAR % Revenue (MM) 6,333 4,592 37.9% 17,616 13,024 35.3% Operating Income (MM) 3,335 2,079 60.4% 9,228 5,838 58.1% EBITDA (MM) 3,770 2,505 50.5% 10,620 7,083 49.9% EBITDA Margin 59.5% 54.6% 60.3% 54.4% Cash Cost 0.49 0.7
Slide 29: Results
R e S U | t S = GrupoMeéxico