Prologis Property Mexico, S.A. de C.V. · BMV:FIBRAPL/14
Prologis Property Mexico, S.A. de C.V — FIBRA Prologis — Investor Presentation (October 2026)
31 slides from Prologis Property Mexico, S.A. de C.V's investor presentation, October 2026
Slide 1: Investor Presentation October 2026
Investor Presentation October 2026 Lerma Bldg 1, Edo Mexico
Slide 2: Forward-looking statements / Non-Solicitation
INVESTOR PRESENTATION Forward-looking statements / Non-Solicitation This presentation includes certain terms and non-IFRS financial measures that are not that our expectations will be attained and therefore, actual outcomes and results may specifically defined herein. These terms and financial measu
Slide 3: Shaping the future of logistics real estate: FIBRA Prologis
Shaping the future of logistics real estate: FIBRA Prologis
Slide 4: FIBRA Prologis: The market leader in Mexican industrial real estate
INVESTOR PRESENTATION Assets under US$9.7B management1 FIBRA Prologis: The market leader +440% Total return since IPO(1) in Mexican industrial real estate US$145M 3Q26 net operating income Financial BBB+/BBB+/BBB strength and stability 352 buildings2 And 339 customers Backed by global expertise and
Slide 5: A focused investment strategy
INVESTOR PRESENTATION A focused investment Focused on the top consumption and manufacturing markets strategy 6 Markets Ciudad Juarez 12.2 MSF 94.0% Occupancy 96.5% Period End Occupancy 1 95.1% Average Occupancy 1 Tijuana Reynosa 8.3 MSF 5.6 MSF 66.6 Million Square Feet 2 96.5% Occupancy 95.7% Occupa
Slide 6: A diversified customer base
INVESTOR PRESENTATION Customers by industry % NER basis Multicustomer 3PL 25% A diversified customer Electronics Auto Parts 13% 15% base Industrial 10% Packaging Paper 7% Goods 8% Healthcare 6% 339 497 Retailer 9% Home Goods 5% Apparel 3% Customers1 Leases Customer mix 24.3% 74.7% E-Commerce 3PL Man
Slide 7: Mexico logistics real estate fundamentals
INVESTOR PRESENTATION Mexico logistics real estate Market vacancy2 of 7.1% as of 3Q26, up 10 bps q/q. fundamentals1 Performance was mixed. Mexico City and Guadalajara saw 50/60bps declines in Demand (T12M) vs supply pipeline Demand vs supply vacancy as demand accelerated. On the MSF MSF Vacancy2(%)
Slide 8: Manufacturing demand growth
INVESTOR PRESENTATION Manufacturing demand growth Mexico capital formation - machinery and equipment1 U.S. goods imports2, 2019 vs. 2026 YTD volume index; base 100:2018; 2010-April 2026 US$ billions; 2026 through Aug. 130 1000 120 110 800 100 90 600 80 400 70 60 200 50 40 0 China Asia x China Europe
Slide 9: E-commerce demand growth ahead
INVESTOR PRESENTATION E-commerce demand growth ahead E-commerce requires 3x the logistics space of brick-and-mortar retail Annual Mexico E-Commerce Sales Mexico E-Commerce Sales & Share of Core Retail Sales1 US$ Millions, inflation-adjusted US$ Millions, Annual 100,000 25 90,000 69% growth 20 80,000
Slide 10: Long-term rental and value growth
INVESTOR PRESENTATION Long-term rental and value growth Effective Market Rent FIBRAPL Capital Value Growth $/SF/year Base 100: 1Q17; same-store. 10.0 PSF 250 9.0 200 8.0 7.0 150 6.0 100 5.0 50 4.0 3.0 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 10 Source: Prologis Research, Fibra Prologis th
Slide 11: Strong embedded growth potential
INVESTOR PRESENTATION Lease expiry profile by GLA & average in-place rent Strong embedded growth potential 24.4% Market rent spread to in-place2 12.0 40.0% $10.9 $11.2 $10.7 Portfolio statistics $9.8 $10.1 $10.4 35.0% 10.0 Avg in Place Rent per Sq Ft $7.97 8.68 8.65 30.0% Avg Market Rent per Sq Ft $
Slide 12: FIBRA to grow +22% in 4 years
INVESTOR PRESENTATION FIBRA to grow +22% in 4 years External growth via Prologis development pipeline MSF1 86.3 Prologis and FIBRAPL 70.6 15.7 Prologis(3) development pipeline GLA (MSF) % Leased Dev Land Reserves & FIBRA Prologis Portfolio(3) pipeline Expansion Land2 Mexico City 1.3 19.0% Monterrey
Slide 13: An industry-leading balance sheet
INVESTOR PRESENTATION An industry-leading balance sheet Loan to Value1 Debt / Adjusted EBITDA Fixed Charge Coverage Ratio 24.2% 4.6x 3.9x Weighted Average Effective Liquidity2 Weighted Average Interest Rate Remaining Maturity 5.0% US$1,167 M 6.1 yrs Data as of September 30, 2026. 1. Loan to Value us
Slide 14: Prologis' Global Platform Benefits
Prologis’ Global Platform Benefits
Slide 15: The world's most valuable logistics platform
INVESTOR PRESENTATION The world’s most valuable logistics platform We own, operate and develop logistics real estate at unmatched global scale. Digital U.S. Other Europe Asia infrastructure and distributed energy build on 815 MSF Americas 266 MSF 116 MSF that foundation, reinforcing our position wit
Slide 16: Working With Us: One Integrated Platform + Approach
PROLOGIS’ GLOBAL PLATFORM BENEFITS Working With Us One Integrated Platform + Approach An integrated platform that consistently outperforms the market • Prologis Global: +290 bps • FIBRA Prologis: +360 bps CUSTOMERS Occupancy outperformance vs. respective markets through 3Q 2026. 16 16
Slide 17: Prologis' Extensive Global Reach Benefits FIBRA PL
PROLOGIS’ GLOBAL PLATFORM BENEFITS Prologis’ Extensive Global Reach Benefits FIBRA PL ~45% of FIBRA PL Revenue(1) Is Sourced From Prologis’ Global Customers, Reinforcing the Platform’s Strategic Partnership Select Prologis & FIBRA Prologis Overlapping Customers 17 Source: Company financials 1. Based
Slide 18: Prologis Energy Solutions
PROLOGIS ENERGY SOLUTIONS Prologis Energy Powering global commerce by enhancing real estate into a platform for renewable, reliable energy that creates value for Solutions our customers, communities, and portfolio. WE POWER Warehouses and Data centers and Fleet and vehicle The grid and local logisti
Slide 19: Independent oversight and clear conflict safeguards
INVESTOR PRESENTATION Independent oversight and clear conflict safeguards SPONSOR ALIGNMENT INDEPENDENT OVERSIGHT 35% Prologis ownership in FIBRA 6 of 11 Technical Committee members are independent (54%) Prologis Independent committee membership Audit 100% RELATED-PARTY TRANSACTIONS Practices 100% P
Slide 20: Designed to Outperform
INVESTOR PRESENTATION Designed to Outperform Built on the strength of the Prologis platform Portfolio Upside Allocate Capital Build Long-Term Aligned with a Into Cash Flow with Discipline Certificate Global Sponsor 10-year cumulative shareholder return¹ Holder Value 24% of leasing spread Deploying c
Slide 21: Appendix
Appendix
Slide 22: Strong Sustainability Focus
PROLOGIS’ GLOBAL PLATFORM BENEFITS Strong Sustainability Focus • Net zero and GHG Emissions: Scope 1 and 2 emissions remained broadly stable despite significant portfolio growth, supporting Prologis’ 2040 net-zero goal. • Building Certification: Achieved 49.8M SF of GLA certified as of 2025 • Renewa
Slide 23: Independent oversight and clear conflict safeguards
INVESTOR PRESENTATION Independent oversight and clear conflict safeguards Diverse and experienced technical committee 1 Gender Tenure Prologis member, 45% Independent, 55% Deborah Carter Christopher Armando Nick 4 yrs Women Briones Andrus Burns Fregozo Kittredge 27% Chief Legal Chief Head of Preside
Slide 24: FIBRA Prologis strong financial position
INVESTOR PRESENTATION FIBRA Prologis strong financial position BBB+/BBB+/BBB rated by S&P/HR Ratings/Fitch1 Debt maturity schedule3 USD$ in millions Debt metrics 3Q26 Total debt $2,531M Secured Debt Unsecured Debt Line of Credit Wtd avg rate 4.9% 500 USD denominated 100% $105 500 700 Wtd avg term3 6
Slide 25: 2026 Guidance
INVESTOR PRESENTATION 2026 Guidance US Dollars in thousands except per CBFI amounts FX = Ps$18.5 per US$1.00 Guidance Financial performance Low High Full year FFO, as modified by FIBRA Prologis, per CBFI (excludes incentive fees)(1) $0.2400 $0.2500 Operations Year-end occupancy 96.5% 97.5% Same stor
Slide 26: Creating value for certificate holders
INVESTOR PRESENTATION Creating value for certificate holders FIBRAPL distributions per CBFI & AFFO payout ratio USD$, % $0.35 0.3117 $0.30 0.1617 $0.25 0.2229 $0.20 0.0856 $0.15 0.1700 0.1410 0.1500 0.1373 $0.10 0.1182 0.1240 0.1240 0.1200 0.1000 0.1100 0.1075 0.0990 $0.05 0.07562 101% 91% 94% 94% 9
Slide 27: Historical growth
INVESTOR PRESENTATION Historical growth NOI growth Adjusted EBITDA growth USD, M R 1 USD, M CAGR CAGR CAGR 561 486 +14% +14% 454 395 384 341 270 249 210 239 193 206 161 166 171 189 148 176 145 153 130 136 140 146 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 3Q26 2015 2016 2017 2018 2019 20
Slide 28: Portfolio growth since IPO
INVESTOR PRESENTATION Portfolio growth since IPO Gross leasable area (MSF)1 SF (in Thousands), June 4, 2014 — June 30, 2026 65.5 65.9 65.8 66.6 46.9 42.6 43.6 40.2 34.2 34.6 36.0 34.9 29.8 31.5 32.6 IPO 4Q 2014 4Q 2015 4Q 2016 4Q 2017 4Q 2018 4Q 2019 4Q 2020 4Q 2021 4Q 2022 4Q 2023 4Q 2024 4Q 2025 1
Slide 29: Fee structure
INVESTOR PRESENTATION Fee structure Transparent and aligned Fee Type Calculation Payment Frequency Operating Fees Property Management 3% x collected revenues Monthly Leasing Commission New leases: 5% x lease value for <6 yrs; 2.5% x lease value for 6-10 yrs; 1.25% x ½ at closing lease value for > 10
Slide 30: A progressively lower fee structure
INVESTOR PRESENTATION A progressively lower fee structure Portfolio growth vs weighted average AMF (bps) AUM (US$M) 80 $12,000 75 $9,652 74 $10,000 75 $8,000 70 $5,321 $6,000 65 63 $4,000 60 $1,696 $2,000 55 $- IPO IPO Mar 2024 Current Mar-24 New fee Current 16% decrease in AMF since IPO 30
Slide 31: FIBRA Prologis
FIBRA €*; PROLOGIS’
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