February, 2018 4Q17 Quarterly Results Update Fideicomiso F/2157 – FMTY14 1
Consistent Performance 1 Equity (3) Dividend Portfolio Guidance Dividend Year Properties States LTV (4) Yield (2) Value (3) (per share) (1) (per share) (1) Issuances 2015 0.75-0.80 0.8171 6.81% 4,537 22 5 - 15.43% 2,261 2016 0.90-0.95 0.9611 8.01% 7,995 35 8 23.17% 2017 1.00-1.03 1.0333 8.61% 9,607 43 9 1,489 24.15% 8.67% 2018 1.04 - 1.05 8.75% (1) Figures in Pesos per share (2) On an IPO Price per share of PS. 12.00 (3) Figures in millions of Pesos (4) As defined on Exhibit AA: (Loans + Interest Payable)/Total Assets 2
Total Return Perfomance since IPO 1 Mexbol : The S&P/BMV IPC seeks to measure the performance of the largest and most liquid stocks listed on the Bolsa Mexicana de Valores. The constituents are weighted by modified market cap. UDITRAC : seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the inflation indexed sector of the Mexican government bods market, known as "Udibonos" market, as defined by the S&P/BMV Mexico Government 1+year UDIBONOS Index CETETRC : seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the short term Mexico Treasury market, known as "CETES" market, as defined by the S&P/BMV Mexico Government CETES Index M10TRAC : seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the intermediate term sector of the fixed rate Mexican government bonds market, also known as "BONOS M" market, as defined by the S&P/BMV Mexico Government 5-10 year MBONOS Index FRMEX : The S&P/BMV Fibras Index is designed to measure the largest and most liquid real estate investment trusts (REITs) listed on the Bolsa Mexicana de Valores. The constituents are weighted by their value traded subject to a 25% stock capping. 3
Recently Announced Acquisitions – Patria Building Highlights 2 • Multi tenant, Class A, LEED certified office building located in Guadalajara. • A total of 8,050 m2 of GLA . • Building is 64.7% leased with single net, peso- denominated leases and a weighted average term of 5.1 years in terms of income. • Purchase price will be between Ps. 308.0 and Ps. 332.0 million to be paid as the building continues to be leased-up. • In process of corporate restructuring or seller; first installment will be of Ps. 214.4 million, to be paid in 1H18 . • Occupied space is expected to generate NOI of Ps. 18.8 million pesos . • Remaining space will be acquired at a 9.65% annual cap rate . 4
Recently Announced Acquisitions – Zinc Building Highlights 2 • Zinc is a new industrial facility ( build-to-suit ) for the relocation of an existing tenant of Fibra Mty. • The total GLA is of 18,000 m2, to be built on a 41,345 m2 site in the Santa Catarina corridor, in Monterrey. • Total investment will be US $9.5 million , and it is expected to generate annual NOI of US $0.8 million • Lease will be triple net (NNN), with an initial term of 10 years after substantial completion • The property that is currently occupied by this tenant, part of the initial portfolio, will be contributed or sold for commercial and/or corporate use . • We expect that the repositioning of this land will allow us to increase its value in at least 25% in respect to its original acquisition cost. 5
Project Zinc – Repositioning Highlights 2 CEN|333 US $350 - $450 per m2 CUPRUM US $220 per m2 New Cuprum Facility 6
State of the Portfolio 3 504,534 m2 of GLA CHIHUAHUA, CHIH 27,010 530,584 m2 of GLA* 12. Casona #3 12,131 16. Monza #1 8,478 CIUDAD JUAREZ, CHIH 4,520 17. Monza #2 1,790 MONTERREY, NL 239,828 8. Cuadrante 4,520 21. Monza #5 4,611 1. OEP Torre 1 13,578 2. OEP Torre 2 18,007 3. OEP Plaza Central 13,295 CUAUHTEMOC, CHIH 1,440 DELICIAS, CHIH 1,971 4. CEN|333 Neoris 20,283 19. Monza #4 1,440 18. Monza #3 1,971 5. CEN|333 Axtel 12,937 6. CEN|333 Atento 3,532 7. Danfoss 30,580 LOS MOCHIS, SIN 7,985 SALTILLO, COAH. 82,622 9. Cuprum 17,261 13. Casona #5 7,985 24. Providencia #1 13,717 15. Catacha 5,431 25. Providencia #2 7,013 22. Prometeo 8,135 26. Providencia #3 11,760 PARRAL, CHIH 5,888 23. Nico 1 43,272 27. Providencia #4 26,165 14. Casona #4 5,888 33. Ciénega 25,223 28. Providencia #5 9,129 43. Cuauhtémoc 10,294 29. Providencia #6 6,378 30. Providencia #7 5,093 45. Zinc 18,000 GUADALAJARA, JAL 19,655 31. Providencia #8 3,367 34. Redwood 11,605 44. Patria 8,050 QUERETARO, QRO 21,897 20. Santiago 16,497 SAN LUIS POTOSI, SLP. 89,951 35. Catacha #2 5,400 36. Huasteco #1 38,503 37. Huasteco #2 15,728 38. Huasteco #3 11,532 HUIXQUILUCAN, MEX 15,137 39. Huasteco #4 5,750 32. Fortaleza 15,137 40. Huasteco #5 1,059 Executed 41. Huasteco #6 3,380 42. Huasteco #7 13,999 IRAPUATO, GTO 12,680 Undergoing 10. Casona #1 5,951 11. Casona #2 6,729 * Includes undergoing acquisitions of Patria (44) and Zinc (45) 7
State of the Portfolio – Quarterly Size Evolution 3 Size of the Portfolio (square meters of GLA) 50 45 494,240 504,534 504,534 40 35 406,264 404,289 Number of Properties 348,899 364,036 30 25 220,287 220,287 20 207,541 15 172,365 10 132,698 5 0 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 * Does not include undergoing acquisitions of Patria (44) and Zinc (45) 8
State of the Portfolio – Key Performance Indicators (as % of income) 3 Asset Class Occupancy Currency Location 9.0% 3.8% 6.2% 6.2% 7.2% 33.9% 42.2% 10.2% 55.1% 54.0% 66.1% 93.8% 12.3% NL SLP Coah Jal Chih Other Office Industrial Retail Leased Available USD MXN Lease Expiration Profile 100.0% 96.1% 95.5% 92.1% 92.1% 89.0% 84.3% 72.5% 72.6% 65.9% 57.9% 47.5% Weighted average remaining term of 5.5 years . More than 47% or income starts expiring in 2022 * 31.5% 10.7% 20.8% 4.8% 16.0% 11.7% 10.4% 8.0% 6.6% 5.9% 4.8% 4.7% 3.9% 3.1% 3.4% 0.6% 0.1% 0.0% 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Expiration Accumulated * Percentage of income could increase to approximately 60% once certain renewals under negotiation are executed. 9
State of the Portfolio (major tenants and economic activity, as % of income) 3 Major Tenants (43.6% of income) Economic Sectors Crisa Industrial 5.7% 22.6% Oracle 4.9% Technology 17.6% Central Star Logistics Automotive 4.8% 16.3% Axtel Services 4.8% 11.9% Cemex 4.7% Consumer Products 7.5% Famsa Other 4.0% 6.8% PWC Financial Services 3.8% 5.2% Danfoss Communications 3.7% 4.8% Epicor 3.6% Electronics 4.2% Accenture Logistics 3.6% 3.1% 10
The office markets – net absorption trends 4 Net Absorption Trends of Major Office Markets in Mexico (last twelve months in square meters, linear trend) 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 - 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 Monterrey Mexico City Guadalajara * Source: CBRE Marketview Monterrey Office, 3Q 2017 11
Portfolio Performance – Same-Property 5 Thousands of Pesos 4Q 2017 3Q 2017 Δ% / bps Number of Properties (1) 41 41 -- Gross Leasable Area (GLA) sqm 488,840 488,840 -- Occupancy Rate (GLA) 96.5% 96.5% -- Same-Property Income 213,318 205,797 3.7% Same-Property Operating Expenses (25,781) (28,163) (8.5%) Same-Property Net Operating Income (NOI) 187,537 177,634 5.6% Same-Property NOI Margin 87.9% 86.3% 160 bps Income from acquisitions/construction 9,495 4,413 115.2% Operating Expenses from acquisitions/construction (97) (63) 54.0% NOI from acquisitions/construction 9,398 4,350 116.0% NOI Margin from acquisitions/construction 99.0% 98.6% 40 bps Total Fibra Mty Income 222,813 210,210 6.0% Total Operating Expenses (25,878) (28,226) (8.3%) Total NOI 196,935 181,984 8.2% Total NOI Margin 88.4% 86.6% 180 bps (1) Same-Property comparison excludes Catacha 2 and Cuauhtémoc properties. 12
NOI Margins – Benchmarks 5 NOI Margins 100% 95.4% 94.9% 95% 90.8% 88.4% 90% 83.6% 85% 81.5% 81.2% 80% N/A 75% Office (1) Industrial (2) Retail (3) Overall (4) Sector Fibra Mty 1. NOI margin of the office component of diversified FIBRAS 2. Average NOI margin of industrial specialized FIBRAS and industrial component of diversified FIBRAS 3. There is no benchmark comparable to the retail component of Fibra Mty (mostly single-tenant, triple net properties) 4. Average NOI margin of all diversified FIBRAs * Source: Companies quarter reports for 3Q17 and 4Q17 13
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