Fourth Quarter and 2020 Annual RESULTS

Fourth Quarter and 2020 Annual RESULTS

Fourth Quarter and 2020 Annual RESULTS Mexico City, January 26th, 2021 Grupo México, S.A.B. de C.V. (“Grupo México” “GMéxico” - BMV: GMEXICOB) Just as w e have been doing since the beginning of the pandemic, Grupo M éxico will continue to operate its Three Divisions with the corresponding measures to safeguard its employees’ health, by applying safe distance measures, using facemasks, and following all the health standards set in place by the local authorities of the countries in which we operate. Grupo Mexico’s industrial activities generate minimum risks as most of them are performed outdoors, and by one person or by a small number of highly qualified collaborators. Accrued revenues during 2020 totaled US$10.91 billion—a record figure in Grupo México’s history—2.1% higher than in 2019 and 22.1% higher in 4Q20 compared to 4Q19. The Mining Division’s revenues totaled US$8.57 billion in 2020, 7.5% higher than in 2019, and 35.5% higher in 4Q20 vs 4Q19, due to higher volumes produced—Copper (+1%), Molybdenum (+12.5%), and Silver (+10%)— in addition to a favorable environment in the prices of Copper (+2.9%), Silver (+27.6%), and Gold (+27.1%), In the Transportation Division, revenues dropped 12.7% during 2020, totaling US$2.15 billion due to reduced volumes caused by the pandemic. The Infrastructure Division achieved accrued net revenues of US$528 million—a 9.0% decrease in the year due to an adjustment in the daily rates in PEMSA and the effects on Construction and Highways that resulted from the health contingency. The Transportation and Infrastructure Divisions showed recoveries in revenues of 0.7% and 3.2% respectively when comparing 4Q20 to 3Q20. 2020 was a record year in copper, molybdenum, and silver production. Thanks to the timely implementation of the COVID-19 protocol, the strict hygiene and safety measures that we implemented in all our operations since the onset of the pandemic, w e achieved a new production record in copper, totaling 1,128,927 tons, 1% higher than in 2019 and 2.4% higher during 4Q20. This was mainly due to the production in the mines of Peru (+2.3%) as a result of higher ore grades and the recovery in Cuajone, as well as greater production at our US mines (+1.7%). Molybdenum production increased by 12.5% and silver grew 10.3%. In the Mining Division, due to our cost and efficiency policy, we managed to reduce global net cash cost from US$1.07 to US$0.85, -20.5% vs. 3Q19 and -24.2% vs. 4Q19. Thus, we reiterate the best cost in the copper industry w orldwide, and our capacity to maintain efficiencies despite the adverse scenario. Moreover, we remain ranked in first place worldwide in copper reserves. As a result of investing over US$18 billion in the last 10 years, we achieved record EBITDA of US$5.35 billion during 2020, 8.2% higher year over year, and 48.5% higher than the same period last year. The Mining Division reached US$4.15 billion in EBITDA, 16.5% more than in 2019 and 76.7% higher in 4Q20—also a record for the Division. The Transportation Division’s EBITDA totaled US$944 million in 2020, decreasing 13.9% given the loss of revenues mentioned above. The Infrastructure Division’s EBITDA totaled US$267 million in 2020—2.0% less compared to 2019. However, it shows a 4.2% increase when comparing 4Q20 to 3Q20, which reveals a recovery trend. Net consolidated profit for 2020 reached US$2.10 billion, showing a 19.3% increase vs. the previous year and 96.5% vs. 4Q19. gmexico.mx QUARTERLY AND ANNUAL 2020 RESULTS Capital investments totaled US$1.113 billion in 2020. Investments in growth projects have been smaller than expected as a result of the COVID-19 pandemic, given the slowdown in construction, and that we have reduced the mobility of external personnel and contractors in our operations to protect our workers . During 2021, we expect to invest US$2.153 billion in different projects across the Three Divisions that will be the source of economic r eactivation and employment generation as the pandemic allows us. Dividend. - On January 22, 2021, the Management Board declared the payment of a cash dividend of P$1.25 per share outstanding, to be made in a single installment as of February 26, 2021. This dividend implies an annualized dividend yield of 5.54%. Fourth Quarter Variance January - December Variance (Thousand US Dollars) 2020 2019 US$000 % 2020 2019 US$000 % Sales 3,216,981 2,634,663 582,317 22.1 10,909,207 10,680,649 228,558 2.1 Cost of Sales 1,474,892 1,395,348 79,545 5.7 5,299,482 5,514,115 (214,633) (3.9) Operating Income 1,320,303 818,845 501,458 61.2 3,963,476 3,479,725 483,752 13.9 EBITDA 1,723,876 1,160,900 562,976 48.5 5,351,949 4,945,274 406,675 8.2 EBITDA Margin (%) 53.6% 44.1% 49.1% 46.3% Net Income (Whitout equity securities) 861,748 371,917 489,831 131.7 2,162,581 1,851,404 311,178 16.8 Net Income 1,065,383 542,209 523,174 96.5 2,106,785 1,766,249 340,536 19.3 Profit Margin (%) 33.1% 20.6% 19.3% 16.5% Investments / Capex 400,978 290,242 110,736 38.2 1,113,073 1,124,646 (11,573) (1.0) All figures in US dollars (“US$”), currency of the United States of America, under U.S. GAAP, except where otherwise stated. For purposes of showing the performance of our operations, we are including the concept of earnings before shareholdings. Net profit includes share gains/losses, as well as the effect on deferred taxes. gmexico.mx QUARTERLY AND ANNUAL 2020 RESULTS Relevant Events Grupo México Grupo México is the third largest company in the country in terms of market cap and the fourth in marketability. It is the second company in tax payments and the first one in EPS in Mexico and Peru. It has generated over 29,400 direct jobs in 2020, and over 29,000 indirect ones, with high training and good pay. Grupo Mexico is the fifth copper producer worldwide, with the lowest cash-cost in the global industry. Gr upo México in the last decade.- In the last 10 years, we have increased our revenues by 31%, we have managed to improve our EBITDA by 37%, and we have increased our margin by 208 basis points. We have invested over US$18 billion, which have driven the economic development of the communities where we operate. Current CO VID-19 Situation.- In 2020, Grupo Mexico faced the challenge of the pandemic with resilience, innovation capacity, and a solidarity approach. The new normal that the virus has imposed on the world requires a sense of shared responsibility among governments, companies, and society, for everyone’s protection and to afford continuity for growth and value generation, and thus to contribute to the economic recovery. As of the first signs of the COVID-19 pandemic, early in 2020, Grupo Mexico endorsed its commitment, first and foremost, to protect the health of its workers, their families, and the communities and regions in the countries where it operates. Since the first stage of the health contingency, the company defined as its main lines of action to guarantee safe work environments and to contribute to the prevention of the illness, as well as help to strengthen the social and hospital response capacity. In addition to the necessary investments made by Grupo Mexico in the facilities to protect its workers, Fundación Gr upo México allocated an extraordinary budget of 500 million pesos, to protect healthcare personnel and support COVID hospitals’ capacity to provide medical care nationwide. These investments include preemptive care units to promote healthcare, food supplies, and medicine for those workers in need, along with facilities to quarantine away from home stopping the spread of the virus to their relatives. Likewise, we donated nearly half a million kits of personal protection gear for healthcare professionals; we delivered 139 respiratory support fans and 500 non-invasive ventilators to hospitals across various states of the Republic, as well as a significant quantity of medical materials, such as monitors, beds, and CPR carts. In March, Grupo México announced the anticipated delivery of a hospital in Juchitan, in the state of Oaxaca, which was habilitated by the Mexican Army for the care of COVID-19 patients. Likewise, the team of medical professionals who participate in Doctor Vagón (Dr. Wagon), the Health Train, was assigned by Fundación Grupo México to support patients in the Cananea General Hospital. Hundreds of portable handwashing units were installed to benefit the communities, and in Sonora, company facilities were adapted with dozens of beds available for the care of COVID-19 patients with mild to moderate cases of the illness, and a 24-hour hotline was activated to answer the population’s questions and concerns regarding the contingency. In Peru, 18 temporary hospitals were donated with capacity for 250 beds, including the corresponding supply of oxygen for each of them. Moreover, to contribute to guarantee the supply of oxygen in the country, in regions of gmexico.mx QUARTERLY AND ANNUAL 2020 RESULTS Arequipa and Moquegua, 318 thousand liters of liquid oxygen w ere supplied to national hospitals; meanwhile, in Tacna and Puno, tw o oxygen plants were donated, with daily capacities of 720m3 and 222m3, respectively.

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