2 2 0 2 - t r o p e R l a u n n A TENACITY AND CONFIDENCE Index 03 Letter to Shareholders 07 Grupo México Results 24 Mining Division 44 Transportation Division 62 Infrastructure Division 80 Fundación Grupo México 98 Board of Directors and Management Team 2 | 3 ANNUAL REPORT 2022 . LETTER TO SHAREHOLDERS Letter to Shareholders The year 2022 was marked by high economic and social volatility, which posed challenges for governments and companies. Grupo México faced this scenario with firm decisions and with the conviction that our long-term investments and a vision of sustained growth support our strength, even in the face of fortuitous circumstances. Capital expenditures during 2022 totaled US$1.54 billion, translating into a 10.3% increase over the previous year. In addition, at the Group level, sales for 2022 totaled US$13.87 billion. Our financial stability has allowed us to achieve high cash flow to take advantage of growth opportunities and explore new businesses. Moreover, Grupo México ranked among the most attractive dividend yields at approximately five percent in the copper industry worldwide and on the Mexican Stock Exchange. With this vision, Grupo México’s Mining Division has focused on boosting its growth through various projects that, by 2030, will allow us to double copper and by product production with a competitive cost profile. In the face of the conditions of metal price contractions recorded in 2022, the Mining Division reported revenues of US$10.96 billion with an outstanding recovery in the last quarter of the year. On the other hand, despite a decrease in transported volumes, our Transportation Division experienced a 7.5 percent increase in total annual revenues, reaching US$2.71 billion. In this division, it is worth noting the operating and service efficiency. An example of this was the increase of train Intermodal Train, Mexicali, Baja California. 2 INFORME ANUAL 2021 4 | 5 ANNUAL REPORT 2022 . LETTER TO SHAREHOLDERS speed by 3.3 percent. Excellence in our operations and the highest standards in providing logistics solutions have been key to the strength of Grupo México Transportes. In addition, the Infrastructure Division stood out for reporting higher revenues in its six business lines, through higher energy generation, the continued operation of the six oil rigs, increases in capacity and fares in the highways business line, as well as more activities in the Engineering and Construction firms. The Infrastructure Division achieved sales growth of 19 percent over 2021. These results have been accompanied by equally relevant achievements in an essential area of our business model: An employee at underground mine Charcas, San Luis Potosi. sustainability. This year, Grupo México improved its Through Fundación Grupo México, we support health, environmental, social, performance in the Corporate Sustainability Assessment and cultural causes. In 2022, we witness the consolidation and outstanding of rating agency S&P Global and consolidated its position results of flagship programs: Mexicanos Sembrando donated more than three among the top nine companies in the mining sector with million trees this year. By the other hand, this year, TOPS Mexico Magazine the best rating. In addition, in the Carbon Disclosure recognized Grupo México as the company most committed to Mexicans’ health, Project evaluation (Climate), Grupo México maintained a B thanks to initiatives such as Dr. Vagón and Hearing Without Borders. rating, which positions us above the average for the mining and metals industry. The year 2022 was not an easy one; Grupo México faced important challenges that it overcame thanks to the experience, stability and solidity acquired over Aware of the fundamental role of copper in the transition the years. The diversification of our businesses and a focus on investment and to sustainable energy, our “La Caridad” mine and the proximity to our stakeholders remain key to our consolidation. Metallurgical Complex located in Nacozari, Sonora, received The Copper Mark certification, which guarantees We work with tenacity, determination and confidence in the countries where the responsible production of copper. we operate, driven by the desire to be a decisive factor in the creation of better opportunities and a sustainable future. At Grupo México, we know that our achievements are only possible thanks to the persistence and professionalism of our almost 30 thousand direct employees, with whom we maintain our commitment to be a source of well-paid and highly specialized jobs in the four countries where we operate. GERMÁN LARREA MOTA VELASCO Sincerely yours, 6 | 7 ANNUAL REPORT 2022 . GRUPO MÉXICO RESULTS Grupo México Results Analysis and discussion of results 2022 represented major global challenges and an adverse macroeconomic environment that generated strong periods of volatility and uncertainty in the markets. Grupo México has demonstrated its sound position in the face of the complex global environment and external risks by continuing with its investment and growth plans, focusing on the generation of long-term value. This year, we maintained a solid balance sheet with strong cash flow generation and low leverage, net debt to EBITDA of 0.4x, and a very convenient debt maturity schedule. The recovery we saw in virtually all business units during the fourth quarter of the year is proof of Grupo México’s resilience, given the diversification of its businesses and its sustained investment plans over the years. We reached an accrued EBITDA of US$7.13 billion El Retiro Wind Farm, Oaxaca. 6 INFORME ANUAL 2021 8 | 9 ANNUAL REPORT 2022 . GRUPO MÉXICO RESULTS We have a team of 30,086 highly trained employees Rehabilitation of the Ojinaga Presidio bridge, Chihuahua. Consolidated relevant figures of Grupo México Grupo México THOUSANDS OF DOLLARS In the Mining Division, we obtained revenues of US$10.96 billion in 2022, a 9.3% decrease vs. the previous year, mainly due to a drop in prices during the year (-5.4%), as well as a decrease in production during 2022. Reversing this trend, the Mining Division achieved 28.8% higher revenues than in the last quarter of the year. Copper and Molybdenum prices also showed a recovery of 4.6% and 33.3%, respectively. Meanwhile, in the Transportation Division, sales totaled US$2.71 billion, 7.5% higher than in 2021, despite the impact on some of our segments generated by the decrease in volumes of U.S. railroads, the excess demand of fleet in U.S. grain export routes, and the congestion of U.S. railroads since the Covid-19 pandemic. Lastly, in the Infrastructure Division, we achieved US$664 million in accrued net revenues, a 19.1% increase vs. the previous year. Fourth Quarter Variation January - December Variation 2021 2022 Thousands of USD % 2021 2022 Thousands of USD % Revenues Cost of sales $ 3,776,282 $ 3,787,672 $ 11,390 0.3 $ 14,776,718 $ 13,870,313 $ (906,404) (6.1) $ 1,461,947 $ 1,667,298 $ 205,350 14.0 $ 5,565,003 $ 6,445,020 $ 880,017 15.8 Operating Profit $ 1,840,201 $ 1,623,929 $ (216,272) (11.8) $ 7,466,589 $ 5,650,444 $ (1,816,146) (24.3) EBITDA $ 2,195,748 $ 2,089,024 $ (106,724) (4.9) $ 8,932,617 $ 7,138,944 $ (1,793,673) (20.1) EBITDA Margin (%) 58.1% 55.2% 60.5% 51.5% Net Profit $ 951,124 $ 872,305 $ (78,819) (8.3) $ 3,705,873 $ 2,855,530 $ (850,343) (22.9) Profit Margin (%) 25.2% 23.0% 25.1% 20.6% Investments Employees $ 343,610 $ 511,024 $ 167,414 48.7 $ 1,361,907 $ 1,542,361 $ 180,453 13.3 29,707 30,086 379 1.3 29,707 30,086 379 1.3 10 | 11 ANNUAL REPORT 2022 . GRUPO MÉXICO RESULTS Sales by Division MILLIONS OF DOLLARS $13,870 Mining Transportation Infrastructure 79% $10,968 19% $2,647 2% $255 EBITDA by Division MILLIONS OF DOLLARS $7,139 Mining Transportation Infrastructure 79% $5,653 17% $1,234 4% $268 Copper anode casting wheel, Metallurgical Complex, Esqueda, Sonora. 12 | 13 ANNUAL REPORT 2022 . GRUPO MÉXICO RESULTS In 2022, copper sales represented 77.2% of AMC’s total income and 67.5% of Grupo México’s total income Sales by Division THOUSANDS OF DOLLARS Product Mining Division Copper Silver (thousands of ounces) Molybdenum Zinc Sulfuric acid Gold (ounces) Lead Others Infrastructure Division Total Revenues Volume in Tons Thousands of USD 2021 2022 Var. % 2021 2022 Var. % 1,058,348 985,438 (7) (1) $ 9,979,352 $ 8,469,984 $ 494,982 $ 419,642 19,830 26,266 (13) $ 1,053,077 $ 1,192,674 101,140 $ 289,522 $ 374,228 20,115 30,319 91,570 1,642,942 1,800,940 42,428 18,014 52,763 17,353 10 10 24 (4) $ 144,482 $ 374,109 159 $ 76,181 $ 93,348 $ 37,598 $ 36,951 23 (2) $ 12,661 $ 7,183 (43) (15) (15) 13 29 7 23 $ 208,124 $ 255,202 $ 14,776,738 $ 13,870,313 (6) Transportation Division (cars) 1,908,423 1,890,970 (1) $ 2,480,759 $ 2,646,993 Didactic nursery, San Luis Potosi, San Luis Potosi. *Grupo México’s Divisions carry out transactions with affiliated entities; intercompany billing for the presentation of Grupo México’s consolidated financial statements is eliminated; therefore, there is a difference between the consolidated figures and those reported by each Division separately. 14 | 15 ANNUAL REPORT 2022 . GRUPO MÉXICO RESULTS Share of continents and countries in sales USA 23.9% Mexico 34.0% Latam 11.3% Europe 18.5% Asia 12.3% US$13,870 million Capital Investments During 2022, Grupo México continued with its investment and growth plans, focusing on generating long-term value, even when the environment was uncertain, with an investment of US$1.54 billion—an increase of 13.3% versus 2021. Mining US$1,085 Transportation US$376 Infrastructure US$81 million million million Our investment program for 2023 is approximately US$1.83 billion in different projects that will be sources of economic growth, job creation, and well-being for the countries where we operate. Combined cycle power plants withcon a capacity of 530 MW, Nacozari, Sonora. 16 | 17 ANNUAL REPORT 2022 . GRUPO MÉXICO RESULTS Consolidated Debt 80% of the debt contracts are dollar-denominated, and 20% are peso denominated. 96% of the debt has a fixed rate. Moreover, Grupo México has an extremely comfortable maturity schedule with payments below US$1 billion annually until 2035. Grupo México Maturities AS AT DECEMBER 31, 2022 Mining Division Transportation Division Infrastructure Division 1,500 1,200 1,112 1,018 1,000 1,600 1,400 1,200 1,000 800 600 400 731 744 367 200 139 156 188 42 57 62 66 17 19 19 21 22 22 0 3 2 0 2 4 2 0 2 5 2 0 2 6 2 0 2 7 2 0 2 8 2 0 2 9 2 0 2 0 3 0 2 1 3 0 2 2 3 0 2 3 3 0 2 4 3 0 2 5 3 0 2 6 3 0 2 7 3 0 2 8 3 0 2 9 3 0 2 0 4 0 2 1 4 0 2 2 4 0 2 3 4 0 2 4 4 0 2 5 4 0 2 6 4 0 2 7 4 0 2 8 4 0 2 9 4 0 2 0 5 0 2 Railway Operations Team, Torreon, Coahuila. 18 | 19 ANNUAL REPORT 2022 . GRUPO MÉXICO RESULTS Employees at Fencias Wind Farm, Nuevo Leon. GMEXICO share price vs. Average Copper Price - Comex JANUARY - DECEMBER 2022 Share price Comex copper price (MXN/lb)* Grupo México Stock performance and dividend payments Despite the drop in prices and production, and high-cost inflation faced by the sector worldwide, during 2022, Grupo México reaffirmed its commitment to return to shareholders through the payment of dividends. During this year, the dividend yield remained at an appealing level for investors. Grupo México ended the year as the third largest company on the Mexican Stock Exchange (BMV) in terms of Market Capitalization, as well as the fourth most traded stock. As a result of a volatile and uncertain environment with a complex global macroeconomic outlook, Grupo México’s stock fell 22% in pesos during the year, largely mirroring the 14% drop in the price of copper and the 8% drop in the 90.42 88.23 74.47 68.41 2022 Feb Mar Abr May Jun Jul Ago Sep Oct Nov Dic ANNUAL DIVIDEND YIELD 2019 2020 2021 2022 6.6% 5.2% 7.2% 5.2% Mexican stock market index. *Equivalent average price in Mexican pesos 20 | 21 ANNUAL REPORT 2022 . GRUPO MÉXICO RESULTS Natural hedging in US dollars Although 2022 was a year of high volatility in the foreign exchange market, at Grupo México we remain in a privileged position to cope with exchange rate fluctuations. Division Mining Transportation Infrastructure Weighted Revenues Cost of sales Dollars 100% 54% 77% 90% Pesos Dollars 47% 23% 10% 56% 23% 75% 50% Pesos 35% 77% 25% 43% Soles 9% 7% Rating agencies Fitch and S&P confirmed Grupo México’s credit rating at BBB+, with a stable outlook Moody’s Standard & Poors Fitch Grupo México International Rating Americas Mining Corporation International Rating Southern Copper Corporation International Rating Issuance Rating Minera México International Rating Secured Bond México Generadora de Energía International Rating Issuance Rating GMEXICO Transportes Local Long-Term Rating International Rating Ferromex Local Long-Term Rating Baa1 Baa1 Baa1 Baa1 Baa2 Baa2 BBB+ BBB+ BBB+ BBB+ BBB+ BBB+ BBB+ BBB+ BBB+ BBB+ BBB+ BBB+ BBB+ BBB+ mxAAA AAA(mex) BBB+ mxAAA AAA(mex) Turntable in the locomotive yard, Guadalajara, Jalisco. 22 | 23 ANNUAL REPORT 2022 . GRUPO MÉXICO RESULTS Data highlights 2019 2020 2021 2022 Var. % 2022 / 2021 2019 2020 2021 2022 Var. % 2022 / 2021 Volumes Sold * Copper Zinc Silver Gold Molybdenum (tons.) (tons.) (thousands of ounces) (ounces) (tons.) 1,094,252 1,133,951 1,058,348 103,668 104,752 20,739 49,163 26,849 21,085 47,734 30,259 91,570 20,115 42,428 30,319 985,438 101,140 19,830 52,763 26,266 Average price (dollars) Copper (COMEX) (pound) Zinc (LME) (pound) $ 2.72 $ 1.16 $ 2.80 $ 1.03 $ 4.24 $ 1.36 $ 4.01 $ 1.58 Silver (COMEX) (pound) $ 16.16 $ 20.62 $ 25.18 $ 21.76 Gold (LF) (pound) $ 1,392.17 $ 1,769.59 $ 1,799.58 $ 1,800.80 Molybdenum (MW DEALER OXIDE) (pound) $ 11.35 $ 8.69 $ 15.85 $ 18.76 Transportation Division Net tons-kilometers (million tons) 65,444 62,823 Carloads (thousands of units) 1,888 1,753 69,252 1,908 62,811 1,891 Balance sheet (millions of dollars) Current Assets Fixed Assets Total Assets Bank Liabilities Total Liabilities Total Shareholders' Equity Income Statement (millions of dollars) Total Revenues Cost of Sales Taxes Incurred EBITDA Net Profit $ 5,908 $ 7,375 $ 10,312 $ 17,084 $ 17,100 $ 16,970 $ 27,566 $ 28,608 $ 30,359 $ 9,377 $ 8,952 $ 8,782 $ 13,320 $ 13,364 $ 13,584 $ 14,246 $ 15,244 $ 16,775 $ 10,099 $ 17,342 $ 30,334 $ 8,396 $ 12,547 $ 17,787 $ 10,681 $ 10,909 $ 14,777 $ 13,870 $ 5,514 $ 1,268 $ 5,945 $ 1,766 $ 5,298 $ 5,565 $ 1,370 $ 2,554 $ 5,363 $ 8,933 $ 2,118 $ 3,706 $ 6,445 $ 1,893 $ 7,139 $ 2,856 (7) 10 (1) 24 (13) (5) 16 (14) 0 18 (9) (1) (2) 2 (0) (4) (8) 6 (6) 16 (26) (20) (23) Cash Flow (millions of dollars) Generated by the Operation Dividends Paid Taxes Paid Applied to Financial Activities Used in Investments $ 2,714 $ 3,761 $ 5,627 $ 4,136 $ (1,591) $ (1,328) $ (2,872) $ (2,461) $ 1,843 $ 1,589 $ 2,964 $ 777 $ (476) $ (228) $ 3,336 $ (572) $ (1,125) $ (1,115) $ (1,362) $ (1,542) (26) (14) 13 151 13 Cash flow after Investing and Financing Activities $ 1,011 $ 1,127 $ 1,165 $ (439) (138) Financial Ratios Operating Margin EBITDA Margin Current Assets to Current Liabilities (times) Total Liabilities to Total Assets Debt /Total Stockholders' Equity + Debt EBITDA/Interest (times) 33% 46% 2.6 48% 40% 8.96 37% 49% 3.3 47% 37% 9.75 51% 60% 2.2 45% 34% 41% 51% 2.4 41% 32% (19) (15) 8 (8) (7) 16.24 13.32 (18) 30,263 29,169 29,707 30,086 1 Employees Annual Inflation Mexico United States Peru Average Exchange Rate Mexico Peru 3% 2% 2% 3% 1% 2% 7% 7% 6% 8% 6% 8% (pesos/dollar) (soles/dollar) 19.26 3.34 21.50 3.50 20.28 3.88 20.12 3.84 14 (14) 33 (1) (1) Expressed by U.S. Generally Accepted Accounting Principles (US GAAP). * Throughout the report, tons are metric and ounces are troy. MININ G DIVISION Dr. Vagón, el Tren de la Salud en Viaducto Ferroviario Manzanillo, Colima, México. For five consecutive years, our copper production has exceeded one million tons Aerial view of the open pit of Toquepala, Peru. 26 | 27 ANNUAL REPORT 2022 . MINING DIVISION Americas Mining Corporation (AMC) THOUSANDS OF DOLLARS Revenues Cost of sales Operating Profit EBITDA January - December Variation 2021 2022 Thousands of USD % $ 12,087,854 $ 10,968,118 $ (1,119,737) (9.3) $ 4,456,391 $ 5,304,370 $ 847,978 19.0 $ 6,506,597 $ 4,542,736 $ (1,963,861) (30.2) $ 7,587,212 $ 5,652,726 $ (1,934,486) (25.5) EBITDA Margin ( %) 62.8% 51.5% Net Profit Profit Margin (%) Investments $ 3,676,297 $ 2,456,863 $ (1,219,435) (33.2) 30.4% 22.4% $ 934,601 $ 1,084,765 $ 150,164 16.1 The Mining Division is represented by its subsidiary AMC, whose main affiliates are Southern Copper Corporation (SCC) in Mexico and Peru, ASARCO in the US, and Minera Los Frailes in Spain. • World’s largest copper ore resources • Lower production costs worldwide • Copper producer with the highest organic growth • Best portfolio of growth projects with diversified assets We have 14 mines and three metallurgical complexes in Mexico, Peru and the United States Through Corporate Volunteering, we benefited more than 40 institutions, directly impacting more than 8,000 people. 26 INFORME ANUAL 2021 28 | 29 ANNUAL REPORT 2022 . MINING DIVISION INFORME ANUAL 2021 30 | 31 ANNUAL REPORT 2022 . MINING DIVISION INFORME ANUAL 2023 . DIVISIÓN MINERA Copper is the third most widely used metal in the world Products COPPER Exceptional chemical and physical properties High electrical conductivity and corrosion resistance Excellent malleability and ductility During 2022, the average price of copper was US$4.01/lb, 5.4% lower than the 2021 average. Production in 2022 decreased by 7.2% compared to the previous year, reaching 1,006,935 tons, mainly due to lower copper ore grades. For the next years, our mining plans project higher ore grades and increased production, in addition to our organic growth. Copper is essential for converting the automotive industry from combustion to electric Leadership in operating cost and cash cost Due to our cost and efficiency policy, despite significant increases in some of our main consumables, the net cash-cost was US$1.02. Thus, we reaffirm the world’s best cost in the copper industry. Strapped cathodes, Buenavista del Cobre mine, Cananea, Sonora. 32 | 33 ANNUAL REPORT 2022 . MINING DIVISION INFORME ANUAL 2023 . DIVISIÓN MINERÍA Copper is essential for a clean energy transition. Its highly efficient electrical conductivity makes it ideal for a wide range of technologies directly and indirectly involved in the decarbonization of the economy. These technologies also have the potential to reduce approximately two-thirds of global greenhouse gases (GHG) by 2050. Thanks to the energy transition, population growth and economic development, global demand for refined copper is expected to double by 2050 with annual consumption of 50 million tons. In light of this, the International Copper Association (ICA), of which Grupo México is a member, developed a roadmap to bring the carbon footprint as close as possible to net zero by 2050. COPPER: ESSENTIAL IN THE DECARBONIZATION OF THE ECONOMY Open pit mine, Ray, Arizona. 34 | 35 ANNUAL REPORT 2022 . MINING DIVISION Tons of copper produced Mexcobre BVC SPCC ASARCO IMMSA Total Share and var. % vs. 2021 Concentrators SX/EW 2021 Concentrators SX/EW 2022 102,689 341,204 372,614 94,208 8,719 919,434 84.8% 25,375 81,845 25,753 32,399 165,372 15.2% 128,064 423,049 398,367 126,607 8,719 1,084,806 88,492 338,633 315,370 79,707 9,134 831,336 82.6% 23,337 93,287 26,450 32,525 175,599 17.4% 111,829 431,920 341,820 112,232 9,134 1,006,935 -7.2% Production summary Mine Product 2019 2020 2021 2022 Copper Content in Concentrates Leached Copper Content Total Copper Content Zinc Content in Concentrates Lead Content in Concentrates Gold Content in Concentrates (ounces) 930,156 189,090 1,119,246 73,922 22,567 68,698 947,086 181,841 1,128,927 68,930 20,358 73,186 919,432 165,374 1,084,806 66,958 17,104 60,631 831,335 175,600 1,006,935 60,010 16,590 65,134 Silver Content in Concentrates (ounces) 21,315,505 22,810,470 20,234,222 19,663,241 Molybdenum Content in Concentrates 26,886 30,248 30,262 26,240 Product Copper Anodes Refined Electrolytic copper Refined Copper Cathodes (SX/EWs) Total high-purity refined copper Copper Production Refined Copper Slab Refined Zinc and Alloys Refined Gold (ounces) Refined Silver (ounces) Sulfuric acid Cadmium Lime Smelter and Refinery 2019 2020 2021 2022 683,698 582,736 189,090 771,826 244,070 6,050 104,977 45,690 633,801 526,674 181,841 708,515 199,427 - 102,440 42,229 598,570 502,836 165,374 668,210 245,003 - 92,672 42,628 637,489 535,394 175,600 710,994 203,787 - 99,893 43,307 12,587,711 13,887,942 13,690,329 14,271,702 2,612,097 2,352,409 2,228,926 2,393,615 609 640 526 671 274,056 279,626 274,403 346,066 * Figures expressed in metric tons except where indicated. Employee at Buenavista del Cobre mine, Cananea, Sonora. Mine truck with a capacity of 400 tons, La Caridad, Sonora. 36 | 37 ANNUAL REPORT 2022 . MINING DIVISION We are the 2nd largest producer of molybdenum in the world Molybdenum INDUSTRY Zinc INDUSTRY • Manufacture of stainless and • Industrial applications and special steels. Catalyst in the oil products, but mainly in and gas industry. galvanization. • Materials for the aeronautical • In the manufacture of die industry, fertilizers, dyes, enamels, castings as well as in bronzes. reagents and lubricants. • Base to obtain zinc oxide used in the manufacture of tires, paints, and cattle feed, among others. Silver INDUSTRY Gold INDUSTRY • Manufacture of electrical, medical, • Jewelry and industrial electronic, and photographic applications. products. • Manufacture of electronic • To a lesser extent, in welding products such as telephones, cell alloys, jewelry, minting, silverware, phones, global positioning system and catalysts. (GPS) units, televisions and computers, etc. AVERAGE PRICE IN 2022 AVERAGE PRICE IN 2022 US$18.76 / lb US$1.58 / lb AVERAGE PRICE IN 2022 AVERAGE PRICE IN 2022 US$21.76 / oz US$1800.80 / oz PRODUCTION 26,240 tons PRODUCTION 60,010 tons PRODUCTION 19,663 thousand ounces PRODUCTION 65,134 ounces PROPERTIES PROPERTIES PROPERTIES PROPERTIES Provides increased alloy hardness Low melting point, malleability and Thermal and electrical conductivity Good conductor of heat, and corrosion. high strength. and malleability. electricity and malleability. 38 | 39 ANNUAL REPORT 2022 . MINING DIVISION Projects in Mexico Project Investment Millions of dollars Progress Operation startup date Jobs Capacity Mine years of life One of the largest untapped copper deposits in the world The environmental baseline study and the technical information necessary to present the environmental impact statements were completed 190,000 tons of copper 2028 24,300 40 100,000 ounces of gold Engineering completed Purchase of equipment 98% completed 87% progress of construction Third Quarter 2023 2,330 100,000 tons of zinc 35,000 tons of copper 15 Basic engineering completed We completed the clearing work and are in the process of stripping the land Tender for the detailed engineering design underway Fourth Quarter 2023 2,030 35,000 tons of copper 15 Exploitation of the deposit and ore benefits began 2022 1,200 38,000 tons of copper 20 • • • • • • • • • El Arco $9,008 Buenavista Zinc $413 El Pilar $310 Pilares $176 Total $9,907 Additionally, we have polymetallic underground mine projects in Chalchihuites, Zacatecas and Angangueo, Michoacan. Ecological storage of coarse material, at Buenavista del Cobre mine, Cananea, Sonora. 40 | 41 ANNUAL REPORT 2022 . MINING DIVISION Grupo México has the largest portfolio of projects for organic growth Projects in Peru Project Investment Millions of dollars Progress Operation startup date Jobs Capacity Mine years of life Michiquillay $3,130 In exploration 2029 6,000 Los Chancas $2,811 Environmental permits 2027 5,000 Tia Maria $1,514 Social license 2025 2,800 Total $7,455 269,000 tons of copper eq. 170,000 tons of copper 120,000 tons of copper 40 20 21 Projects in Spain ANDALUSIA Minera Los Frailes • We continue to manage environmental evaluations and obtain permits to begin construction. • Once in operation, it will contribute approximately 125,000 tons per year of total zinc equivalent for more than 20 years of initial mine life. Grupo México plans to invest US$9.00 billion in Sonora and Baja California 42 | 43 ANNUAL REPORT 2022 . MINING DIVISION Explorations In addition to exploration and drilling programs at existing mines, we are working to locate deposits in other locations. Some of our most important exploration projects are: MEXICO Chalchihuites, Zacatecas • Skarn type deposit. • Drilling programs conducted between 1980 and 2014 identified 12.6 million tonnes of ore with an average silver content of 110 grams per ton, 2.66% zinc, 0.37% lead, and 0.67% copper. Bella Union (La Caridad), Sonora • Breccia-type satellite deposit with copper and molybdenum mineralization located less than one kilometer from the southern limit of the La Caridad pit. • A total of 61 million tons of copper sulfides with a copper ore grade of 0.67% and 69 million tons of leachable ore with 0.20% copper have been identified. PERU Los Chancas, Apurimac • Porphyry copper and molybdenum deposit. 545 million tons of mineralized rock with a copper content of 0.59%, 0.04% molybdenum and 0.039 grams of gold per ton. 181 million tons of leached rock with 0.357% copper content. Michiquillay, Cajamarca • Porphyry copper deposit located in the district of La Encañada, in the province and department of Cajamarca in northern Peru. • In 2022, all permits were obtained • Start of exploration activities • For 2023, we plan to drill 40 thousand meters. Pilares mine project, Nacozari de Garcia, Sonora. TRANSPOR TATION DIVISION 1.9 million loads transported annually Aerial view of hoppers and gondolas on Trainship, Coatzacoalcos, Veracruz. 46 | 47 ANNUAL REPORT 2022 . TRANSPORTATION DIVISION Transportation Division Grupo México Transportes (GMXT) THOUSANDS OF DOLLARS January - December Variation 2021 2022 Thousands of USD % Vol. Transported (Million Tons/Km) 69,252 62,811 Loads transported 1,908,423 1,890,970 (6,440) (17,453) Revenues Cost of Sales Operating Profit EBITDA EBITDA Margin (%) Net Profit Profit Margin (%) Investments (9.3) (0.9) 7.5 5.9 $ 2,523,111 $ 2,712,743 $ 189,632 $ 1,310,381 $ 1,387,791 $ 77,410 $ 770,559 $ 857,086 $ 86,527 11.2 $ 1,122,660 $ 1,234,111 $ 111,451 9.9 44.5% 45.5% $ 369,391 $ 481,671 $ 112,280 30.4 14.6% 17.8% $ 329,136 $ 376,487 $ 47,351 14.4 At GMXT, we provide logistics solutions for safe, efficient and sustainable ground cargo transportation, that contribute to strengthening the connectivity and competitiveness of the markets in which we participate. GMXT’s main subsidiaries are: • Ferromex • Ferrosur • Florida East Coast • Texas Pacific • Intermodal México We are the leading ground cargo transportation company in Mexico, with the widest coverage and connectivity. We have a railroad network of more than 11,137 kilometers of track in 24 states across the Mexican Republic, as well as in the states of Texas and Florida in the United States. Employee at IMEX Intermodal Terminal, Guadalajara, Jalisco. 48 | 49 ANNUAL REPORT 2022 . TRANSPORTATION DIVISION We have the best connectivity and coverage between Mexico and the U.S. INFORME ANUAL 2021 50 | 51 ANNUAL REPORT 2022 . TRANSPORTATION DIVISION Locomotives and cars at Fort Lauderdale Terminal, Florida. Our network is supported by 10,676 808 over 28,222 Employees Locomotives Railroad cars Market share in ground cargo transportation (TONS / KILOMETERS) Truck Train 1999 TRAIN MARKET SHARE GMXT Others 35% 65% 2021 TRAIN MARKET SHARE GMXT 66% 81.2% 18.8% 6.6% 239 MMTKN’S 73.0% 343 MMTKN’S 27.0% 17.9% Others 34% Thanks to our aggressive investment plans and strategy, since the beginning of our operation, we have almost tripled our cargo capacity and ton-kilometers transported. We transport 66% of the cargo moved by rail in Mexico *Source: Railway Statistical Yearbook 2021. 52 | 53 ANNUAL REPORT 2022 . TRANSPORTATION DIVISION INFORME ANUAL 2023 . DIVISIÓN TRANSPORTES Operating metrics Train speed (km/hr) 2021 2022 Car speed (km/hr) 2021 2022 Cars’ dwell time (hours) 2021 2022 Train length (meters) 2021 2022 Gross tons per train 2021 2022 36.3 37.5 +3% 275.9 281.3 +2% 25.7 24.9 -3% New containers, Mexicali Terminal, Baja California. 1,937 1,913 -1% 6,394 6,290 -2% Rehabilitation of Q Line, Ojinaga, Chihuahua Revenues US$2,713 EBITDA US$1,234 We transport 62,811 billion billion (45.5% margin) billion tons kilometer Each train carries an average of 6,290 gross tons 54 | 55 ANNUAL REPORT 2022 . TRANSPORTATION DIVISION Our business portfolio is divided into nine segments that are essential for economic development: 2022 Revenues US$2,713 Farming Intermodal Minerals Industrial Energy 27% 14% 12% 8% 8% Chemicals Automotive Metals Cement Others 8% 8% 6% 5% 4% Tank cars, Torreon Terminal, Coahuila. 56 | 57 ANNUAL REPORT 2022 . TRANSPORTATION DIVISION Containers in Mexicali, Baja California. 58 | 59 ANNUAL REPORT 2022 . TRANSPORTATION DIVISION In 2022, we will invest US$377 million In recent years, our investments have focused on: • Track replacement and rehabilitation • Construction and rehabilitation of slopes, yards and terminals • Construction of railroad beltways • Tractive equipment • Introduction of new operating technologies • Telecommunications equipment Sustainable vision We initiated the conversion of locomotives to use cleaner fuel. The new locomotives are equipped with a state-of-the-art system that optimizes performance and fuel management while making transit safer. This measure, together with equipment replacement and traffic optimization, are key actions to reduce GMXT’s carbon footprint. Intermodal Terminal Tepalcates, Manzanillo. 60 | 61 ANNUAL REPORT 2022 . TRANSPORTATION DIVISION Maki Medina, assistant, Torreon Terminal, Coahuila. Occupational health and safety We follow three guiding principles: Security Service Productivity Operational safety prevails at all levels of our organization, to operate with zero accidents. More than 1,970 employees received training on risk management and first aid In 2022, we trained 2,854 employees in occupational health and safety topics, reaching more than 46,664 man-hours We operate 37 healthcare units distributed across the country, staffed by 25 general practitioners and 140 nurses In the area of railroad safety, investments were made to incorporate technology for the safe operation of trains. Level crossings were rehabilitated and the signaling and installation of electronic barriers were maintained to stop vehicles and pedestrians from crossing when the train passes. 61 INFRASTRU CTURE DIVISION We build infrastructure for Mexico’s development Wind turbine at Fencias Wind Farm, Nuevo Leon. 64 | 65 ANNUAL REPORT 2022 . INFRASTRUCTURE DIVISION Infrastructure Division México Proyectos y Desarrollos THOUSANDS OF DOLLARS Revenues Cost of Sales Operating Profit EBITDA January - December Variation 2021 2022 Thousands of USD % $ 557,772 $ 664,107 $ 106,334 19.1 $ 315,023 $ 391,744 $ 76,721 24.4 $ 86,743 $ 112,155 $ 226,744 $ 267,823 $ 25,412 $ 41,079 29.3 18.1 EBITDA Margin (%) 40.7% 40.3% Net Profit Profit Margin (%) Investments $ 17,282 $ 36,322 $ 19,040 110.2 3.1% 5.5% $ 98,170 $ 81,109 $ (17,061) (17.4) Our Infrastructure Division is represented by the subsidiary México Proyectos y Desarrollos, S. A. de C.V. (MPD) and has six lines of business: 1. Oil and gas 2. Energy 3. Highways 4. Construction 5. Fuels 6. Engineering Construction of the new tailings deposit master work, Buenavista del Cobre, Sonora. 66 | 67 ANNUAL REPORT 2022 . INFRASTRUCTURE DIVISION Revenues by line of business Toll booth Salamanca-Leon, Guanajuato. US$664 In 2022, the Infrastructure Division achieved 19% growth in revenues, driven by improved results in all its business lines, with accrued revenues of US$664 million and EBITDA of US$268 million. In 2023, we will invest US$117 million mainly in: • Renewable energies • Fuel terminals • Highways • Acquisition of construction equipment To be an efficient and competitive company, our business lines have international certifications, such as quality (ISO 9001), environment (ISO 14001), road safety (ISO 39001:2012), and occupational health and safety (ISO 45001). Likewise, we focus on the well-being and development of our team and work environments. Thanks to this, for the third consecutive year in the Engineering subsidiary and the La Caridad Generation Plant, as well as for the first time in the Oil, Construction and Corporate subsidiaries, we obtained the Great Place to Work global certification. Energy Oil and gas Construction 53% 23% 11% Highways Engineering Fuels 8% 4% 1% In 2022, we invested US$81 million 68 | 69 ANNUAL REPORT 2022 . INFRASTRUCTURE DIVISION 70 | 71 71 ANNUAL REPORT 2022 . INFRASTRUCTURE DIVISION Oil and gas Revenues US$150 EBITDA US$66 million million (+8% vs 2021) (+13% vs 2021) Our six rigs have operated uninterrupted throughout the year, with an average accumulated efficiency of 99.4% Rig Productivity 2022 Contract term Campeche Tabasco Chihuahua Zacatecas Veracruz (Modular) Tamaulipas (Modular) 99.3% 99.9% 99.7% 99.8% 99.1% 99.6% December 2024 We reduced the accident rate by 78% vs. the previous year Aerial view of Modular Rig, Veracruz, Gulf of Mexico. 72 | 73 ANNUAL REPORT 2022 . INFRASTRUCTURE DIVISION The La Caridad plant has achieved a record of nine years (+3,300 days) without lost-time injuries Energy Revenues US$353 EBITDA US$125 La producción total de energía eléctrica fue de 3,278 GWh en 2022. million million (+15% vs. 2021) (+8% vs. 2021) FENCIAS WIND FARM, NUEVO LEON Operation of this farm is expected to begin during the third quarter of 2023. Investment US$252 168MW This farm will supply electric energy to IMMSA’s mining and metallurgical operations. million production capacity SOLAR ENERGY The purpose of this company is to develop clean energy generation projects located as close as possible to the consumption site. In 2022, we completed seven photovoltaic panel projects: five for the Toll Roads and two for Minera Mexico’s Tamosura Park. These projects will replace 80% to 100% of grid energy consumption with green energy. Fencias Wind Farm, Nuevo Leon. 74 | 75 ANNUAL REPORT 2022 . INFRASTRUCTURE DIVISION Toll booth Salamanca-Leon, Guanajuato. Highways Revenues US$51 EBITDA US$34 million million (+21% vs 2021) (+34% vs 2021) We have two highway concessions in Guanajuato: 1) Salamanca-Leon Highway: The equivalent daily traffic by type of vehicle was 21,917 units, 16% more than in 2021. 2) Silao Bypass: During 2022, the equivalent daily traffic increased 32% vs. the previous year with 3,528 units. Silao Bypass, Guanajuato. 76 | 77 ANNUAL REPORT 2022 . INFRASTRUCTURE DIVISION Construction Revenues US$74 EBITDA US$13 million million (+37% vs 2021) (+37% vs 2021) Since 2007, we have maintained the certification of our integrated management system. In 2022, the system was recertified until 2025 for Quality (ISO 9001:2015), Environment (ISO 14001:2015) and Occupational Health and Safety (ISO 45001:2018). MAIN WORKS • In March 2022, we carried out earthmoving and stripping work at the Pilares mine in the La Caridad mining complex • In April 2022, the expansion of the Lime Plant in Agua Prieta, Sonora, was completed • In October 2022, we completed the construction of the Cananea Airfield • At the Buenavista del Cobre mine, we continue with the construction of stage 3 of the New Tailings Deposit Curtain • In Altamira, Tamaulipas, the construction of the Fuel Storage Terminal for OTM and Valero is 75% complete We achieved better results than in 2021 due to the start-up of new works and the continuity of projects, with more than 2.5 million hours of work Construction of airfield, Cananea, Sonora. INFORME ANUAL 2021 78 | 79 ANNUAL REPORT 2022 . INFRASTRUCTURE DIVISION Fuels BELVEDERE LOGISTICS PROJECT, USA Railroad logistics services project to transport fuels, which includes engineering, construction and operation of four terminals, with possible expansion to three more terminals with capacities of 300,000 to 900,000 barrels. Construction is planned to begin in the third quarter of 2023. Engineering Revenues US$31 1,145 million (+2% vs 2021) thousand hours worked We remain committed to the development of the country’s energy infrastructure. An example of this is the construction of the Fuel Storage Terminal for Valero in Altamira, Tamaulipas, with an investment of more than US$143 million, as well as the construction of the Puerto Mexico Chemical Terminal for Braskem in Coatzacoalcos, Veracruz, with an investment of more than US$400 million. Construction of Fuel Storage Terminal with a capacity of 1.1 million barrels, Altamira, Tamaulipas. FUNDA CIÓN GRUPO MÉXICO 2 million free consultations in more than 300 communities Dr. Vagón, the Health Train, Tecoman, Colima 82 | 83 ANNUAL REPORT 2022 . FUNDACIÓN GRUPO MÉXICO Health Dr. Vagón, the Health Train Program focused on prevention, early detection and treatment of diseases, bringing free medical services to the least favored and hardest-to-reach communities in Mexico. 54 communities benefited In 15 States +100 thousand patients served 5,870 physical rehabilitation material 15,504 kilometers traveled 84,078 medications 314,007 laboratory tests 42,171 clinical studies +15,000 eyeglasses 786 hearing aids Families enjoying the Cine Vagón screenings. Dr. Vagón, Ojinaga, Chihuahua. Cine Vagón During 2022, Cine Vagón brought the magic of cinema to the 54 communities visited on the 12 routes of the Health Train, where 172 free movie screenings were offered to more than 23,000 guests. 84 | 85 ANNUAL REPORT 2022 . FUNDACIÓN GRUPO MÉXICO We performed 8,133 mammograms, identifying 272 patients with radiological suspicion of breast cancer, which is equivalent to three out of every 100 women with such a diagnosis. In the area of family planning, we generated 3,305 years of couple protection, as a result of 130 vasectomies and the placement of 401 IUDs. Scan the QR code to watch the Dr. Wagon Cineminuto program Three out of every 100 women More than 15,000 eyeglasses were were detected with suspected donated. breast cancer. We appreciate and recognize the great work of our allies: We delivered 116 Health Education Workshops The 800 DRVAGON hotline mainly dealt with to 1,881 attendees on topics such as: the following issues: • Family planning • Women’s health • Breast self-examination • Respiratory infections • COVID-19 • Nutrition • Emotional conditions • Relationship • Bullying • Grieving • Relationship with family • COVID-19 Types of medical consultation 22% 20,417 specialty 18% 16,043 general 17% 15,052 optometry 10% 9,403 chiropractic and physical rehabilitation 9% 8,133 mammograms 7% 6,265 diabetes clinic 5% 4,608 hearing clinic 5% 4,541 nutrition 4% 3,616 dentistry 2% 1,969 psychology 1% 1,042 family planning 86 | 87 ANNUAL REPORT 2022 . FUNDACIÓN GRUPO MÉXICO This year, the “Surgical Certification for Bilateral Implant Technique” was obtained from the Boston Children’s Hospital and Cochlear LATAM. Since the end of 2020 to date, we have implanted and provided Auditory-Verbal Therapy to 30 children Hearing Without Borders A program that diagnoses, treats and enables children with severe and/or profound hearing loss up to 24 months of age. In 2022, we contributed to change the lives of 22 children by providing them with a bilateral cochlear implant, support in the process of Auditory-Verbal Therapy and the corresponding audiological follow-up, to have them achieve spoken language and a greater insertion in society. By 2023, we plan to donate 80 cochlear implants for 40 children, as well as to continue with therapies and audiological follow-ups for children implanted in previous years. Scan the QR code to watch the Hearing Without Borders Cineminuto program. 88 | 89 ANNUAL REPORT 2022 . FUNDACIÓN GRUPO MÉXICO Environment Mexicanos Sembrando Fundación Grupo México operates seven nurseries in the country, located in San Luis Potosi (3), Sonora (2), Coahuila (2), (1) and Zacatecas (1), which are used for forest restoration, contribute to mitigating the effects of climate change and maintaining ecosystem stability. In 2022: +100 Institutions benefited +3,000 hectares reforested, the equivalent of more than 4,200 soccer fields the size of the Azteca Stadium in Mexico City Our nurseries can produce more than 7.7 million plants +3 million plants donated to 22 States and 155 Municipalities through our allies Grupo México’s nurseries produce plants of 102 different forestry and ornamental species. 90 | 91 ANNUAL REPORT 2022 . FUNDACIÓN GRUPO MÉXICO Annual reforestation On the eleventh annual reforestation day in La Siberia, State of Mexico, more than 5,000 stone pine trees were planted on five hectares, thanks to the collaboration of more than 1,000 volunteers. Over the next three years, the planted specimens will be monitored to ensure a survival rate of more than 80%. Vagón Verde Since 2015, Fundación Grupo México, in coordination with Grupo México Transportes, has been transporting and donating trees to the communities surrounding the railroads through the exchange of PET bottles for plants. In 2022, the states of Colima, Jalisco, Michoacan and Veracruz participated in this program, receiving 125,468 plants of 48 different species for reforestation More than eight thousand PET bottles and more than two thousand plastic caps were exchanged for plants Participation of volunteers in the eleventh annual reforestation day. 92 | 93 ANNUAL REPORT 2022 . FUNDACIÓN GRUPO MÉXICO Support to Institutions We strengthen, connect, make visible and support the Mexican and Latin American social sector through our programs: The Network of Business Associations and Foundations, Conciencia Cinemex and Social Pitchers. Red de Asociaciones y Fundaciones Empresariales (Network of Business Associations and Foundations) The Network strengthens Civil Society Organizations (CSOs), because: • It is a space for convergence and international networking among various sectors: social, private, academic, public and impact, to share invitations, knowledge and best practices • The digital professionalization library has more than 700 free cutting-edge training programs • It offers, through experts, tools for CSOs to learn how to raise funds and make their cause visible We are a community of more than 6,000 organizations from 17 countries Guide for CSOs: Success Stories, The Network of Associations promoted 8 virtual highlighting organizational networking spaces among its CSO partners, called resilience and innovation during “Jueves de EnREDados” (Networking Thursdays). the COVID-19 pandemic. RELEVANT ACTIONS 2022 Our digital empowerment actions reached more than 170,000 people through: 139 trainings 500 165 learning hours national and international speakers 150 700 91 allied institutions, legal counseling CSOs that are part of consultants and sessions the Network have been companies supported by Fundación Grupo México 94 | 95 ANNUAL REPORT 2022 . FUNDACIÓN GRUPO MÉXICO More than 4,000 runners in the 11th Grupo Cinemex Race. Social Marketing Campaign for Fundación Mexicana de Pie Equino Varo A.C. (Mexican Clubfoot Foundation) benefiting 6,870 individuals. Conciencia Cinemex 2022 Grupo Cinemex Race More than 4,000 runners participated in the 11th edition to support the 6,710 children served by the Mexican Clubfoot Foundation, which received a donation for the Caminando Juntos project. Social Marketing Campaigns Thousands of moviegoers donated to two great causes through the purchase of popcorn at the Cinemex candy bars, achieving the highest collection in the history of our Social Marketing Campaigns with more than 300 thousand popcorn boxes sold, benefiting the Fundación Mexicana del Pie Equino Varo A.C. and Centro de Cuidados Paliativos de México I.A.P. To visualize the causes, in 2022, we conducted 10 digital billboard campaigns impacting more than 280,000 people Cineminuto Social Through the donation of advertising in movie theaters, we help different CSOs to promote their causes and programs, thus gaining visibility and positioning. 12 257 benefited organizations cinemas 3,775,660 45,151,767 spots screened viewers 96 | 97 ANNUAL REPORT 2022 . FUNDACIÓN GRUPO MÉXICO Eficine and Efiartes Support for Mexican productions We receive, evaluate and select Mexican film and theater projects from various production companies to enter them into the Fiscal Stimulus for Film and Theater and promote their production; and in this way, we make an impact through art on our society with the support of Grupo México’s companies. More than MXP$85 million in support for Mexican cinema and theater. • Four film projects and five theater projects supported • Three film productions: El Rey de la Fiesta, La Nave, and Lecciones para Canallas • Two plays completed: La hora de todos and Virginia y La Muerte de la Polilla Social Pitchers Edition number 12 of our Xocoyo collection: Amaranto, la Alegría de la Vida (Amaranth, the Joy of Life), one year’s proceeds from the sale of the book will be donated to: Niños y Adolescentes en Armonía A.C. (NAEA). Education and Culture Educa y Aprende Platform In 2016, to reinforce the programs provided in primary and secondary schools We carried out the second edition of Social Pitchers, an innovative strategy in Mexico, we created the collection of Educational Materials for Health and to strengthen and finance projects of Civil Society Organizations through a Life, in which we address topics such as addictions, nutrition, sexuality, pitching contest. mental health, and violence, cybersecurity, inclusive education and a culture 300+ applications to the competition for selection to find the best projects Three finalist Pitchers: Early Institute A.C., from Mexico City, Hub Impulsor Social A.C., from Oaxaca, and Pro- Mujer con Cáncer de Sinaloa IA.P. (Encauza) of legality. The digital E-Learning platform Educa y Aprende (Educate and Learn), where parents and teachers can find materials and courses in which, through case studies and evaluations, they can learn easily, intuitively and free of charge about the topics in the Collection. 300 teachers use the Educa y Aprende platform as a teaching tool in their lessons; 14 new courses are available 98 | 99 ANNUAL REPORT 2022 . MANAGEMENT TEAM Grupo México BOARD OF DIRECTORS MANAGEMENT TEAM GERMÁN LARREA MOTA VELASCO EMILIO CARRILLO GAMBOA GERMÁN LARREA MOTA VELASCO FERNANDO LÓPEZ-GUERRA LARREA CHAIRMAN Patrimonial Board Member Independent Board Member CEO and Chairman of the Board CEO, Transportation Division and GMXT XAVIER GARCÍA DE QUEVEDO TOPETE Independent Board Member CEO, Mining Division CEO, Infrastructure Division FERNANDO RUIZ SAHAGÚN XAVIER GARCÍA DE QUEVEDO TOPETE FRANCISCO ZINSER GONZÁLEZ VICE-PRESIDENT Patrimonial Board Member OSCAR GONZÁLEZ ROCHA Patrimonial Board Member ALFREDO CASAR PÉREZ Patrimonial Board Member LUIS CASTELAZO MORALES ROLANDO VEGA SAÉNZ Independent Board Member ANTONIO DEL VALLE RUIZ Independent Board Member CARLOS PRIETO SIERRA Independent Board Member Patrimonial Board Member CARLOS ROJAS MOTA VELASCO FERNANDO LÓPEZ-GUERRA LARREA Patrimonial Board Member LILLIE HERNÁNDEZ MINOR Independent Board Member Secretary CLAUDIO X. GONZÁLEZ LAPORTE Independent Board Member ANTONIO MADERO BRACHO Independent Board Member OSCAR GONZÁLEZ ROCHA LOURDES ARANDA BEZAURY CEO, Southern Copper Corporation Head of Communications LEONARDO CONTRERAS LERDO DE MARLENE FINNY DE LA TORRE TEJADA CEO ASARCO and CFO AMC Head of Administration and Finance ALFREDO CASAR PÉREZ Executive President of Transportation Division gmexico.mx
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