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Corporate Presentation May 2021 the Only Specialty Retail REIT in México

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Corporate Presentation May 2021 the Only Specialty Retail REIT in México Credit Suisse: Mexico Investment Ideas 2021 Corporate Presentation May 2021 The only specialty retail REIT in México We own GLA of 543,432 sqm and manage in total 619,379 sqm, including the co-investments in projects the total managed is 767,237 thousand sqm. 19 shopping centers: 8FashionMalls 7PowerCenters 4 Community Centers Solid operational structure and corporate governance that guarantee transparency, efficiency and a sustainable and profitable growth model. FibraShop Managed Co-in vestments Portfolio location Community Center Properties Location UC Jurica Querétaro UC Juriquilla Querétaro UC Xalapa Xalapa UC Nima Shops Puerto Vallarta Power Center Properties Location Puerta Texcoco Texcoco Los Atrios Cuautla Galerías Tapachula Tapachula City Center Esmeralda State of Mexico Plaza Cedros Cuernavaca Cruz del Sur Puebla Sentura State of Mexico Fashion Mall Properties Location Plaza Cibeles Irapuato La Luciérnaga San Miguel de Allende Puerto Paraíso Cabo San Lucas Kukulcán Plaza Cancún Galerías Mall Sonora Hermosillo Las Misiones Juárez Puerta La Victoria Querérato La Perla * Guadalajara We are in 12 states of the Mexican Republic Total portfolio weighted average occupancy rate: 92.13%* Shopping center 1Q 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021 Plaza Cibeles 100 98 98 97 97 La Luciérnaga 100 100 99 98 97 Puerto Paraíso 9493928989 Kukulcán Plaza* 85 83 82 79 79 UC Jurica 92 90 89 84 84 UC Juriquilla 91 90 90 87 87 UC Xalapa 88 87 87 85 84 Puerta Texcoco 9896959493 UC Nima Shops 96 92 90 87 87 Plaza Los Atrios 99 99 99 99 100 Galerías Tapachula 97 97 96 95 95 Galerías Mall Sonora 98 97 96 96 96 Las Misiones 95 94 94 93 93 City Center Bosque Esmeralda 87 86 85 84 85 Plaza Cedros 91 90 90 88 88 Cruz del Sur 9796949190 Puerta La Victoria 96 96 96 95 94 Sentura Tlalnepantla 96 95 95 90 79 Total 95.76 95.03 94.16 92.57 92.13 *º Solid tenant base Top 30 per rented GLA Top 30 per total revenues Comercial Group % Comercial Group % Grupo Liverpool (Liverpool / Grupo Liverpool (Liverpool / 10.21% 5.55% Suburbia / Mac Cosmetics) Suburbia / Mac Cosmetics) Sears / Sanborns / Telcel / Mixup- INDITEX (Pull&Bear / Bershka / 8.95% 3.93% iShop / Inbursa Stradivarius / Lefties) Grupo Walmart (Walmart / Sams Sears / Sanborns / Telcel / Mixup- 7.90% 3.28% Club / Prichos) iShop / Inbursa Grupo Walmart (Walmart / Sams Cinepolis 6.33% 3.04% Club / Prichos) Grupo Gigante (Office Depot / Toks Soriana 4.40% 2.43% / Radio Shack / Petco) Cinemex 3.01% La Comer / Fresko 1.73% Grupo Gigante (Office Depot / Grupo Martí (Deportes Martí / 2.28% 1.69% Toks / Radio Shack / Petco) Smart Fit) Luxury Avenue 2.22% Cinepolis 1.55% La Comer / Fresko 2.15% Soriana 1.41% Home Depot 2.04% Sonora Grill 1.37% Grupo Martí (Deportes Martí / 1.54% Bancomer 1.34% Smart Fit) Alsea (Domino´s / Starbucks Alsea (Domino´s / Starbucks Coffee Coffee / Vips / Italianis / Burger 1.38% 1.33% / Vips / Italianis / Burger King) King) INDITEX (Pull&Bear / Bershka / 1.22% Miniso 1.33% Stradivarius / Lefties) C&A 1.11% Forever 21 1.19% Parisina 1.02% Coppel 1.09% Coppel 0.98% Santander 1.09% Promoda 0.95% Banorte 1.06% H&M 0.95% C&A 0.98% Recrefam 0.89% Recrefam 0.85% Bouncy Bouncy 0.86% Home Depot 0.81% Forever 21 0.84% Parisina 0.78% Casino Central 0.69% Promoda 0.75% Bancomer 0.69% Innova Sports 0.74% Corte Fiel (Women's secret / Total Fitness 0.66% 0.66% Springfield) Office Max 0.63% AT&T 0.58% Miniso 0.62% Banamex 0.57% Innova Sports 0.61% Codere 0.47% Sonora Grill 0.59% Luxury Avenue 0.47% Happyland 0.56% Kavak 0.44% Banorte 0.55% Scotiabank 0.42% *º Total 66.55% Total 42.93% Increases its stake in Distrito la Perla Increases its stake in Distrito la Perla FibraShop held a 35.6% stake in the project, with a contribution of 1.25 billion pesos. Making an initial additional contribution of 207 million pesos, via dilution acquires 13.9% of the stake that originally belonged to Motfour. Additionally, no later than November 2021, FibraShop will receive, through different amounts owed by Motfour to FibraShop, an additional 1.7% of the project, taking the company in this second stage to ownership of 51.2% FibraShop will provide the money necessary to open the shopping center, either from its own funds or third-party funds. When the shopping center opens FibraShop would end up with a total stake of 93% Porfolio resilience Revenues NOI -10.29% -10.52% 284 376 400 336 300 255 280 350 260 240 300 220 250 200 MDP MDP 180 200 160 150 140 120 100 100 1Q 2020 1Q 2021 1Q 2020 1Q 2021 EBITDA Margen NOI & Margen EBITDA -9.87% 75.68% 75.88% 273 80.00% 300 246 72.53% 73.06% 280 75.00% 260 240 70.00% 220 200 65.00% MDP 180 160 60.00% 140 120 55.00% 100 1Q 2020 1Q 2021 50.00% 1Q 2020 1Q 2021 NOI margin EBITDA margin Historical Revenues, NOI and Ebitda Revenues NOI EBITDA 450 400 350 300 250 200 150 100 50 0 1Q-2019 2Q-2019 3Q-2019 4Q-2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021 Current Debt Bank Loan Issued Amount Liability (mp) Rate used (mp) Public FSHOP17 1,400 TIIE + 1.25 1,400 40% Debt FSHOP17-2 1,600 9.13 1,600 Guarantee FSHOP19 130 TIIE + 1.50 130 FSHOP19U 2,248 5.80* 2,424 60% Sindicate Loan 3,000 TIIE + 175 2,960 NAFIN Loan 300 TIIE + 200 40 Scotibank Loan 220 TIIE+ 250 180 *Udibono 2025 (on the issuance date) +2.30 millions pesos Unsecured Mortgage *º Maturity of debt Sindicate 3,000 Bank Loan FSHOP 19-U FSHOP1 FSHOP 2,448 7-2 17 1,600 1,400 300 Nafin 130 Fshop 19 220 ScotiaBank 2021 2022 2023 2024 2025 2026 2027 Historical Adjusted Net Quarterly Income* 40.00 35.00 33.84 31.29 31.56 30.53 30.62 30.00 29.01 28.95 28.0127.65 26.93 27.5 27.06 26.03 26.6 26.25 26.482 6.13 26.18 26.13 24.82 24.8 25.04 25.07 25.00 23.51 23.33 22.92 22.71 19.59 20.00 18.50 17.19 15.00 14.49 10.00 5. 00 3Q' 4Q' 1Q' 2Q' 3Q' 4Q' 1Q' 2Q' 3Q' 4Q' 1Q' 2Q' 3Q' 4Q' 1Q' 2Q' 3Q' 4Q' 1Q' 2Q' 3Q' 4Q' 1Q' 2Q' 3Q' 4Q' 1Q' 2Q' 3Q' 4Q' 1Q' 13 13 14 14 14 14 15 15 15 15 16 16 16 16 17 17 17 17 18 18 18 18 19 19 19 19 20 20 20 20 21 *Adjusted net quarterly income does not include revaluation of properties, changes in the fair value of derivative financial instruments, and non-monetary lines. Commitment to reduce operating expenses. Temporary Advance in suspension of negotiations strategic with tenants projects Covid-19 Impact Renegotiation of the amount on our activities Contracting for liquidation contingent lines of Puerta La Victoria of liquidity. property Modification to the Refinancing quarterly dividend liabilities. payment policy. Covid 19 – Impact in our activities Our operational reports for April 2021, (these numbers are compared to pre-COVID averages), indicate the following: 3 properties with foot traffic higher At 8 properties tan 90% vehicle traffic was up by 88% Sales reported in March 2021 by department stores were 103% higher than in the same month of prior year. Movie theaters reported sales 50% higher in 6 of our locations. ESG Sustainability Program FibraShop announced that in September 2020, with the unanimous favorable vote of the entire Technical Committee, formalization of the ESG Sustainability Program was approved, through which FibraShop has decided to obtain certain international accreditations in sustainability matters. The formalization of the ESG Sustainability Program seeks to refocus economic, material and human efforts on evolving our operation, attaining the highest international standards in matters of ESG, and making sure those matters are immersed in the Company’s strategy. The commitment is to evaluate our operation, to detect the best environmental, social and governance practices, to adopt them, and subsequently evaluate them with independent professionals who have extensive knowledge in the matter. Steps in the ESG Sustainability Program: Interest Evaluation of Sustainability change risk Diagnostic Strategy Monitoring groups and report according to materiality TCFD Phase 1. ESG Diagnostic Fifty-six key indicators were identified based on the AMEFIBRA Manual, the SASB Materiality Map, and the most relevant issues in the SAM Corporate Sustainability Assessment. Sixteen of those indicators were marked as principal, and then classified into four pillars: 1.Greenhouse Gas Emissions (GGE). 5. Worker health and 2. Waste. safety. 9.Stakeholders 3. Energy 6. Community Social consumption engagement. 10. Objectives and reduction. and actions 14. Ethics and Environmental plans. regulatory 7. Social. compliance. 4. Water. 11. ESG 8. Tenants. reporting. 15. Corporate Management governance. 12. Certifications 16. Risks and Governance crisis. 13. Supply chain. Phase 2. Identification of interest groups and materiality matrix Interest groups Phase 2. Identification of interest groups and materiality matrix Materiality Matrix # Key Issues 1 Energy consumption 2 Water 3 Waste generated 4 Climate change 5 Work environment 6 Corporate governance 7 Engagement with the community and volunteering 8 Diversity and inclusión 9 Emissions 10 Employee health and safety Phase 3. Development of ESG strategy We are concluding alignment of FibraShop’s strategy for the coming years, and will soon be publishing the result of the last two phases: 1) Annual Report preparation.
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