Bolsa Mexicana De Valores Sab De Cv Class A · BMV:BOLSA/A
Bolsa Mexicana De Valores Sab De Cv Class A — Grupo BMV — Investor Presentation (July 2026)
34 slides from Bolsa Mexicana De Valores Sab De Cv Class A's investor presentation, July 2026
Slide 1: BOLSAA 6M26 Corporate presentation
BOLSAA 6M26 Investor Relations Corporate presentation
Slide 2: Content
Content Tabla de Contenido 03 Economic context 04 Our business 07 Business units & operating results 19 Key initiatives 26 Financial results 33 Sustainability
Slide 3: México at a glance
México at a glance Interest Rate Sovereign Risk 6.5% as of June 2026 Fitch BBB- | EMBI ~450 bps Moody's Baa2 | S&P BBB Inflation Rate 3.4% YoY as of June 2026 Economic Position Population ~130M | G20 / OECD / USMCA World ranking #12 | GDP/cap ~$13.5k USD USD/MXN Exchange Rate 17.5 average 2026 Inves
Slide 4: Our business
Our business REGULATORS CLIENTS BROKER-DEALERS ISSUERS BANKS PENSION FUNDS 01 03 02 CAPITAL POST - TRADE TRADING FORMATION DATA AND Local and Global Equity Clearing | INFORMATION Stocks | REITs-MLPs | ANALITICS ETFs | SPACs | Debt | ESG Market (SIC) | Derivatives Settlement | Custody | SERVICES Debt
Slide 5: Grupo BMV at a glance – 6M26
Grupo BMV at a glance – 6M26 A Fully Integrated Exchange. With 9 business lines and 560 employees, we make the securities and derivatives financial markets in Mexico possible Key Financial Highlights $2,409 M MXN $844 M MXN $1.53 56% 23% 6% 81% ~ 0% Revenue Net Income EPS EBITDA Margin ROE Cash Flow
Slide 6: Our Issuers footprint
Our Issuers footprint 394 issuers in 6M26 Debt Equity Market capitalization – Stocks REITs 23 (REITs, MLPs) MARKET CAP MARKET CAP STOCKS 47 Alternatives 73 (CKDs, CERPIs) $10.3 MXN trillions 35 firms are part of the S&P / BMV IPC and 122 178 29% GDP* represent 77% ($7.9 MXN trillions ) 129 Stocks of
Slide 7: Business units & operating results
Business units & operating results 7
Slide 8: Revenue evolution (2008 – 2026)
Revenue evolution (2008 – 2026) 2008 – BOLSAA IPO 6M26 Revenue Others Equity Others Information 5% Information Equity 13% services services 2% Derivatives 16% 15% 17% 6% OTC Derivatives 6% México 13% Indeval 19% $1,409 $2,409 10% OTC 11% Chile OTC Chile 24% 31% 12% Indeval Capital formation Capital
Slide 9: Leadership that creates value
Leadership that creates value Jorge Alegría Luis René José Manuel Roberto González Claudio Vivian Formoso Ramón Allende Barrera Gutiérrez Chief Executive Officer Chief Financial Officer Chief Capital Formation, Information Chief Post-Trade Officer Chief Information Officer Services and Markets Offic
Slide 10: 1. Capital Formation - Listing & Maintenance
1. Capital Formation - Listing & Maintenance Capital Formation revenue Debt financing Equity listings Total financing Local market $277 6M26 6M25 VaR • Fibra MTY: MXN 9 bn follow-on offering Total 355 368 -3% • PLIFE: MXN 0.3 bn IPO 2% YoY Debt 337 282 20% • Vesta: MXN 4.7 bn equity raise MXN billio
Slide 11: 2. Equity - BMV & CCV
2. Equity - BMV & CCV Trading and Clearing revenue BMV – Average Daily Trading Value (2016-2026) 20,000 $182 $135 18,000 BMV Trading 6M26 CCV Clearing 6M26 17% YoY 18% YoY 16,000 BMV 14,000 92 89 93 12,000 82 85 80 79 1/12/16 1/12/17 1/3/18 1/12/18 1/12/19 1/12/20 1/6/21 1/12/21 1/12/22 1/12/23 1/6/
Slide 12: 2. Equity - Operating Highlights
2. Equity - Operating Highlights 2017 – 6M26 BMV Average Daily Traded Value & Transactions 2025 – 2026 BMV Average Daily Traded Value (Monthly) 25,000 600,000 17,340 19,598 16,855 487,389 20,094 18,333 19,196 18,111 383,058 500,000 CAGR 385,340 20,000 379,690 383,662 396,744 388,976 ADTV 16,636 16,1
Slide 13: 3. Derivatives – MexDer & Asigna
3. Derivatives – MexDer & Asigna MexDer Derivatives contracts 98,209 99,314 11% 29,586 70,549 68,003 39,273 6% Trading Derivatives revenue 53,081 32,625 33,866 distribution $74 Technological 14,968 69,728 Services 58,936 17% YoY Data 38,113 37,924 34,137 84% 2022 2023 2024 2025 6M26 Futures Swaps MX
Slide 14: 3. Derivatives - operating highlights
3. Derivatives - operating highlights Derivatives products Futures New futures products Options Currencies Indexes Local - FRAGUA B - AGUA* Currencies Indexes - Dollar - S&P/BMV IPC - Specific M - GISSA A - MEDICA B - US Dollar - S&P/BMV IPC - Euro - Mini S&P/BMV IPC bonds - KUO B - AGUILAS CPO S
Slide 15: 4. OTC Trading - SIF Icap
4. OTC Trading - SIF Icap SIF Mexico – M Bonds: Daily Traded Volume vs. 10-Year Bond Rate OTC revenue 180,000 M bonds volume 10-year bond rate 12 160,000 México 10 140,000 35% 120,000 8 Million pesos $384 100,000 % 6 80,000 4% YoY 60,000 4 6M26 40,000 Chile 2 20,000 65% - 0 Jan-25 Mar-25 May-25 Jul-
Slide 16: 5. Central Securities Depository - Indeval
5. Central Securities Depository - Indeval CSD revenue distribution Total Assets Under Custody Average MXN trillions Other +53% Information inquiries Corporate actions 4% 2% 47.9 5% 45.3 40.0 4.2 35.2 4.0 Settlement 31.4 3.8 12.9 3.5 12.0 Operations 14% 3.2 10.7 10.2 $751 Custody Services 9.3 13.1 1
Slide 17: 5. Central Securities Depository - Global Markets
5. Central Securities Depository - Global Markets SIC custody distribution SIC Assets under custody +75% Equity 17% 2.37 2.20 1.89 1.35 1.27 $2.37 6M26 ETFs 2022 2023 2024 2025 2026 83% Average in MXN trillions Assets under custody vs. Netting (SIC) Netting AuC Top 5 ETFs 2026 910 150 135 140 140 Mi
Slide 18: 6. Information services - Market Data & Valmer
6. Information services - Market Data & Valmer Market Data Users & Terminals (Feed) Top 5 Indices S&P/BMV IPC 230 Indexes 140,000 350 294 S&P/BMV Total Mexico ESG Index 120,000 238 258 270 300 Terminals 205 S&P/BMV IPC CompMx 6% 100,000 250 Information services $280 80,000 200 S&P/BMV FIBRAS Index 1
Slide 19: Key initiatives
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Slide 20: 6M26 Key Initiatives
6M26 Key Initiatives Digital evolution program Through Digital Evolution Program, which will be delivered in three stages, we are modernizing the market infrastructure with next-generation technology to enhance competitiveness, unlock growth opportunities, and deliver sustainable long-term value. Ca
Slide 21: Digital Evolution Program – Key drivers
Digital Evolution Program – Key drivers Competitiveness Market Operational Value-added Investment appeal for Revenue opportunities advantages services global Investors diversification • Position BMV as a • Accelerate growth • Cut settlement • Leverage advanced • Align infrastructure • Deliver premiu
Slide 22: Digital Evolution Program
Digital Evolution Program Building a future-ready ecosystem through cloud transformation enhanced business and operational capabilities A cross-functional data analytics layer that enables Value-added services 04 Data information consumption across the organization, ranging from operational reportin
Slide 23: Digital Evolution Program
Digital Evolution Program A modern, scalable and integrated market infrastructure platform positioned to create long-term value for clients, investors and market participants. Derivatives Repo CCP CSD & Equity CCP Cloud-based trading platform integrating Integration of Repo clearing into CCV’s Moder
Slide 24: Financial results
Financial results
Slide 25: 2026 Revenue by business line
2026 Revenue by business line Half-year Quarter 2Q26 2Q25 Var. Var. % Other* Equity trading Equity Trading & Clearing 161 138 23 17% & Clearing Derivatives Trading & Clearing 77 70 7 10% Information OTC Trading 192 177 15 9% services 5% 13% Capital Formation 134 131 3 2% Derivatives trading 377 346
Slide 26: 2026 Operating expenses
2026 Operating expenses Half-year Quarter 2Q26 2Q25 Var. Var. % Personnel 285 252 33 13% Marketing Others Technology 127 110 17 15% Depreciation 69 62 7 11% CNBV Fees Sub-custody Rent and Maintenance 21 14 7 50% 3% Consulting Fees 32 31 1 3% 2%3% Consulting Fees 4% Sub-custody 23 21 2 10% CNBV Fees
Slide 27: Sustainable and Historical Growth
Sustainable and Historical Growth Revenue EBITDA Margin 4,470 4,100 4,165 61.0% 3,931 2,235 2,409 57.0% 57.0% 57.3% 56.0% 55.9% 2022 2023 2024 2025 6M25 6M26 2022 2023 2024 2025 6M25 6M26 MXN Thousand Dividends & Payout Earnings per Share Dividend EPS From the 81% of 2.87 2.92 2.88 2.92 2.88 2.65 2.
Slide 28: Profitability
Profitability Operating Income & EBITDA Return on Equity 2026 23% 2,502 2,388 2,512 2,283 2,246 2,159 2,252 2,019 2025 21% 1,347 2024 22% 1,209 2023 21% 2022 2023 2024 2025 6M26 2022 22% Operating Income EBITDA MXN million Balance Sheet Profitability and Capital Efficiency • Total Assets MXN $9.1B •
Slide 29: BOLSAA stock performance and investor profile
BOLSAA stock performance and investor profile Analysts Recommendations Annual Return 30% 12M BOLSAA Return: -19% Recommendation Target Price Date 25% GBM Buy 50 jul-26 20% Santander Buy 45 jul-26 15% Bank of America Hold 40 jul-26 10% Monex Buy 42 jun-25 5% 0% UBS Hold 40 jun-26 -5% BBVA Hold 43 may
Slide 30: Long-Term Return & Valuation Trends
Long-Term Return & Valuation Trends 30% 25% 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% 30-Jun-25 31-Jul-25 31-Aug-25 30-Sep-25 31-Oct-25 30-Nov-25 31-Dec-25 31-Jan-26 28-Feb-26 31-Mar-26 30-Apr-26 31-May-26 30-Jun-26 BOLSAA Naftrac 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 P/E 23.2 17.6
Slide 31: Sustainability
Sustainability
Slide 32: Sustainability strategy
Sustainability strategy We lead the sustainability agenda both in the way we operate internally and by promoting best practices in financial markets. The strategic priorities of our business are supported by our sustainability strategy, strengthening our long- term value creation. Our Model Grupo Bo
Slide 33: Sustainability strategy (Key highlights)
Sustainability strategy (Key highlights) Market Value Sustainable finance Customer satisfaction Enhancing inclusive markets $489 billions 80 “De Cero a Bolsa” through ESG Debt from 2016 points (NPS) +80 participating companies Corporate Value Operational resilience Cybersecurity Technology and innov
Slide 34: Contact Information
CONTACT INFORMATION Hanna Rivas Karg FP&A, ESG and IRO hcrivas@grupobmv.com.mx