Grupo Mexico S.a.b. De C.v. Class B · BMV:GMEXICO/B
Grupo Mexico S.a.b. De C.v. Class B — Q2 2026 Earnings Presentation
27 slides from Grupo Mexico S.a.b. De C.v. Class B's earnings presentation, July 2026
Slide 1: 2Q26 Results
July 2026 2Q26 2Q26 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 dis
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.26 Contents Reference Slides
Slide 4: Grupo México's Main Highlights
2Q26 RESULTS 04 01 ESG Highlights Scorecard Financial Highlights Balance sheet Debt Maturity Profile Grupo México’s Main Highlights
Slide 5: ESG Highlights
GRUPO MÉXICO 2Q26 RESULTS 05 ESG Highlights Sustainability is a key pillar of Grupo Mexico’s business model. Cularjahuira dam improves agriculture in Sports as a tool for integration and community well- Candarave being In its fifth year of operation, the dam located in Grupo México joined the “Mundi
Slide 6: 2Q26 Scorecard
GRUPO MÉXICO 2Q26 RESULTS 06 2Q26 Accumulated sales Tons of Cu In 1H26 1H26 Net Cash Cost US$11,283M 515,675 US$0.31/LB + 33.8% vs. 1H25. - 3.2% decrease - 68.4% vs. 1H25 vs 1H25 1H26 EBITDA 2Q26 Dividend 2Q26 Dividend Yield US$6,850M P$0.80 3.7% + 49.6% vs. 1H25 $1.04 equivalent in shares Payout Ra
Slide 7: Grupo Mexico maintains a solid balance sheet
GRUPO MÉXICO 2Q26 RESULTS 07 Grupo Mexico maintains Dividend Payments Payout Ratio Dividend Yield a solid balance sheet 2024 2024 2024 1Q $1.00 53.9% 3.9% Low 85% 76% USD leverage fixed denominated 2Q $1.20 44.7% 48% 4.6% 4.4% Average Average 3Q $1.30 48.6% 4.7% 4Q $1.10 45.0% 4.2% 1Q $1.20 48.7% 20
Slide 8: Debt Maturity Profile
GRUPO MÉXICO 2Q26 RESULTS 08 Debt Maturity Profile Mining Transportation Infrastructure Division Division Division Comfortable maturity schedule. Cash reached US$13.3Bn. US Millions 1,500 1,250 1,274 1,200 1,079 951 1,000 1,000 1,000 534 387 89 102 0 0 0 0 0 0 0 2026 2027 2028 2029 2030 2031 2032 20
Slide 9: Mining Division Main Highlights
2Q26 MINING DIVISION RESULTS 09 02 Copper Market Financial Highlights Projects Update Continuous Value Creation Mining Division Main Highlights
Slide 10: 2Q26 Copper Market
MINING DIVISION 2Q26 RESULTS 10 2Q26 LME Copper Price Outlook + + + 40% Expected market Resilient US deficit in 2026. economy. 6.04 + - 4.32 Copper inventories currently covers 15 Economic and inflationary impacts days of consumption. arising from global conflicts. + Copper Higher demand driven 2Q26
Slide 11: 2Q26 Financial Highlights
MINING DIVISION 2Q26 RESULTS 11 2Q26 Accumulated sales 1H26 EBITDA Tons of Copper in 1H26 US$9,304 M US$5,918 M 515,675 + 39.5% increase vs 1H25, + 61.3% increase vs 1H25 A slight reduction of 3.2% vs 1H25, mainly due to higher with a 63.3% margin. due principally to lower ore grades volumes of silv
Slide 12: Perú Projects Updates
MINING DIVISION 2Q26 RESULTS 12 Perú Projects Updates Tía Maria Los Chancas Arequipa, Perú (2027): Apurimac, Peru (2031): By the end of the second quarter of 2026, the project had As of June 30, 2026, the presence of illegal miners reached 42% overall completion and generated 5,817 jobs, within the
Slide 13: Spain & Mexico Projects Updates
MINING DIVISION 2Q26 RESULTS 13 Spain & Mexico Projects Updates Los Frailes El Pilar Andalucía, Spain (2029): Sonora, Mexico (2029): This new copper project has obtained the necessary In the second quarter of this year, we continued to progress environmental permits and will begin early site prepara
Slide 14: Projects Timeline
MINING DIVISION 2Q26 RESULTS RESULTS 14 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 15: Transportation Division Main Highlights
2Q26 TRANSPORTATION DIVISION RESULTS 15 03 Financial Highlights Main Variations Operating Metrics CAPEX 2026 Transportation Division Outlook 2026 Main Highlights
Slide 16: 2Q26 Financial Highlights
TRANSPORTATION DIVISION 2Q26 RESULTS 16 2Q26 Accumulated sales TRANSPORTED VOLUME 1H26 NET TON-KM CARLOADS US$1,871 M 7.6% 5.6% vs 1H25 + 14.9% increase vs 1H25 + 1,030,508 cars hauled in 1H26 1H26 EBITDA 1H26 NET INCOME US$783 M US$210 M Financial 9.9% higher than 1H25 17.4% lower than 1H25 + - Hig
Slide 17: Main Variations
TRANSPORTATION DIVISION 2Q26 RESULTS 17 Main Variations Revenue 2Q26 | MXN % Revenue Growth 22% Metals Increase in export and import of scrap, steel slabs and copper products. High 11% Cements Domestic volume growth in south and central regions. Increase in cross border MX and domestic US and MX, as
Slide 18: 2Q26 vs 2Q25
TRANSPORTATION DIVISION 2Q26 RESULTS 18 2Q26 VS 2Q25 Average train speed Dwell time Cars velocity (KM/HR) (HOURS) (KM/DAY) -1% -2% -3% 2Q25 39.4 2Q25 22.5 2Q25 311.3 2Q26 38.8 2Q26 22.1 2Q26 302.1 Average train length Gross tons per train Crew starts (METERS) (TONS) (AVERAGE MONTH) +1% +2% +3% 2Q25
Slide 19: CAPEX GMXT 2026
TRANSPORTATION DIVISION 2Q26 RESULTS 19 CAPEX GMXT 2026 Million USD Description 2026 Main Projects • New Rail & Ties (1) • Locomotive and Machinery Track and Equipment $ 237.6 Overhauls • Tools and equipment CALEXICO • Bridges (2) MEXICALI SAN ANGELO J.C.T BIG LAKE NOGALES ELPASO SAN ANGELO NOGALES
Slide 20: Outlook 2026
TRANSPORTATION DIVISION 2Q26 RESULTS 20 Outlook 2026 2026 Volume Growth 6% - 8% Revenue 9% - 11% Growth CAPEX $450.0 (Million USD)
Slide 21: Infrastructure Division
2Q26 INFRASTRUCTURE DIVISION RESULTS 21 04 Financial Highlights Relevant Events Infrastructure Division
Slide 22: 2Q26 Financial Highlights
INFRASTRUCTURE DIVISION 2Q26 RESULTS 22 2Q26 1H26 Sales 1H26 EBITDA 1H26 Net income US$278 M US$146 M US$306 M - 18.7% lower than 1H25 - 9.5% lower vs 1H25, + 920.4% higher vs 1H25 with a 52.4% margin As a result of the sale of This is mainly due to 81.1% of our stake in the PEMEX suspending oil Sal
Slide 23: Relevant Events
INFRASTRUCTURE DIVISION 2Q26 RESULTS 23 Relevant Events Energy Business Oil and Drilling (PEMSA) Strengthens its growth platform through strategic Jack ups reinstated merger with SAAVI Energía The Chihuahua and Zacatecas jack-ups, suspended As part of its growth and investment strategy, on April sin
Slide 24: Relevant Events
INFRASTRUCTURE DIVISION 2Q26 RESULTS 24 Relevant Events Real Estate Highways Strategic entry into Grupo Proyecta Transaction optimizes capital allocation and supports future growth Following the acquisition of a controlling 60% stake in Grupo Proyecta, Grupo México Infraestructura began In April 202
Slide 25: Reference Slides
2Q26 Q&A RESULTS 25 05 Reference Slides
Slide 26: Financial Highlights
26 GRUPO MÉXICO 2Q26 RESULTS Financial Highlights USD 2Q26 2Q25 VAR % 1H26 1H25 VAR % Revenue (MM) 5,718 4,239 34.9% 11,283 8,432 33.8% Operating Income (MM) 3,022 1,925 57% 5,893 3,759 56.8% EBITDA (MM) 3,536 2,364 49.6% 6,850 4,578 49.6% EBITDA Margin 61.8% 55.8% 60.7% 54.3% Cash Cost 0.40 0.93 -
Slide 27: Results
R e S U | t S = GrupoMeéxico