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CONTROLADORA MABE

3Q21 RESULTS

DISCLAIMER

GENERAL INFORMATIONThe following material is submitted by way of general information regarding ControladoraMabe, S.A. de C.V., “Mabe”, as it stands to date. Said information is presented in asummarized fashion and is not intended to be comprehensive. Nor does it constitute arecommendation for potential investors. This presentation is strictly confidential and shallnot be divulged to any other person.

No representation or guarantee, either expressed or implied, is intentional, and itsexactness, precision or comprehensive information herein presented shall not beemphasized. This presentation may contain declarations that express the expectations ofmanagement regarding future events or results in lieu of historic events. These forward-looking declarations imply risk and uncertainty that may cause the real results to differmaterially from those forecast, and Mabe cannot ensure that said declarations will prove tobe correct. These risks and uncertainties include factors related to all the economies wherewe operate, which in turn may show volatility and may be adversely affected by factorspertaining to other countries, related to the business of retail sales, that by its very nature iscyclical and linked to the highly competitive industry of which Mabe is a part and in which itoperates.

COMMENTS ON FINANCIAL INFORMATIONThis presentation contains our unaudited financial information. EBITDA is not a measure offinancial performance under IFRS and should not be considered as an alternative to netincome or operating income as a measure of operating performance or to cash flows fromoperating activities as a measure of liquidity.

IFRS 16 became effective January 1st, 2019, this new standard affects the way leasing assetsand liabilities are reported in the Balance Sheet and Profit & Loss Statement.In the P&L leases expenses no longer be an operating expense and is recognized asdepreciation and interest expense separately, which has a positive impact on EBITDA andincrease in depreciation and financial costs.

All financial information, including its calculations and data, are deemed to be accurate, butaccuracy is not guaranteed, therefore, they are not guaranteed by Mabe or its affiliates andsubsidiaries. Past performance is not an indicator whatsoever of future results.

On October 23, 2020 the International Swaps and Derivatives Association (ISDA) published inits 2006 ISDA Definitions the revised definition of LIBOR, as well as a modification to thedefinition of other IBOR rates, and a new Protocol was issued.

The effective date of the Protocol is January 25, 2021. ISDA definition states that, in view of theeffective cessation of USD LIBOR in the United States, the substitute rate will be SOFR plus anadditional rate to offset the historical difference between LIBOR and SOFR.

On January 22, 2021, Mabe voluntarily adhered to ISDA 2020 IBOR Fallbacks Protocol, with theobjective that new transactions and/or those entered into prior to adhering be subject to theamended definition of LIBOR (or other IBORs), with respect to the counterparties also adhering tothe Protocol. Therefore, from that date onwards, all transactions conducted by Mabe will besubject to the new definitions as amended by the Supplement.

In order to mitigate the possible impact of the change in LIBOR rate, Mabe’s treasury is managingthe plan for transition from LIBOR to another reference rate and is in the process of defining thetransition to alternative reference rates, as well as significant assumptions and estimates forapplying the amendment.

INDUSTRY & MARKET DATACertain data is based on our estimates, which are derived from our review of internal surveys, aswell as independent sources.

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These terms and conditions and this Site are governed by the federal laws of Mexico applicabletherein, excluding any conflict of laws which would lead to the application of any other laws. Youhereby irrevocably submitted to the federal courts located in Mexico City for any disputes ormatters arising from, connected with, or relating to this information or any related matters.

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HIGHLIGHTS

• Volume rose 12% Vs. 3Q20, driven by strong performancesin Mexico & LATAM, despite sequential price increases

• Sales growth of 18% over 3Q20, supported by improved mixand price in all markets

• EBITDA generated in the third quarter was US$105 MM USD

• Reduced Net Debt by US$153 MM from US$514 MM toUS$361 MM

• Record covenant ratios in the 3Q21: Net leverage 0.83x& Net interest coverage 10.77x

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32%

7%27%

34%

Cooking Others

Laundry Refrigeration100

53%

3%

18%

26%

North America International

Latin America Mexico

TOTAL SALES

3Q21 BY SEGMENT

TOTAL SALES 3Q21

Figures in US$MM, unless otherwise noted

TOTAL SALES

3Q21 BY REGION

TOTAL NORTH AMERICA MEXICO LATIN AMERICA INTERNATIONAL

Sales Change vs 3Q20 18% 6% 51% 22% 26%

SALES BY SEGMENT TOTAL NORTH AMERICA MEXICO LATIN AMERICA INTERNATIONAL

Cooking 32% 37% 26% 26% 49%

Refrigeration 34% 28% 34% 53% 25%

Laundry 27% 33% 27% 14% 16%

Others 7% 2% 13% 7% 10%

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11,176 11,393 11,390

3,081 3,460

FY´18 FY´19 FY´20 3Q20 3Q21

VOLUME AND SALES 3Q

Figures in US$MM, unless otherwise noted

VOLUME (UNITS) SALES

12.3% 18.4%

3,069 3,284 3,273

914 1,082

-

FY´18 FY´19 FY´20 3Q20 3Q21

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258

296

353

110 105

8.4%

9.0%

10.8%

12.0% 9.7%

FY´18 FY´19 FY´20 3Q20 3Q21

EBITDA 3Q

For purposes of this slide, EBITDA does not consider IFRS 16, which affects theway leasing assets and liabilities are reported in the Balance Sheet.

Figures in US$MM, unless otherwise noted | 6 |

EBITDA % Margin

(4.6%)

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RESULTS OVERVIEW 3Q

Figures in US$MM, unless otherwise noted

* Covenants do not consider IFRS16

CONCEPT 3Q21 3Q20 D VS 2020

Sales 1,082 914 18%

% SG&A 11.0% 11.2% (0%)

EBITDAR 112 116 (4%)

EBITDAR Margin 10.3% 12.7%

CapEx 36 19 88%

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FREE CASH FLOW 3Q21

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RESULTS OVERVIEW YTD

Figures in US$MM, unless otherwise noted

* Covenants do not consider IFRS16

CONCEPT YTD21 YTD20 D VS 2020

Volume 9,977 7,708 29%

Sales 2,968 2,213 34%

% SG&A 11.6% 12.6% (1%)

EBITDAR 327 242 35%

EBITDAR Margin 11.0% 10.9%

CapEx 93 76 22%

Net Debt 361 514 (30%)

Net Leverage * 0.83x 1.58x

Net Interest Coverage * 10.77x 7.72x

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FREE CASH FLOW YTD21

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361

398

467

373

514

598

637

478

267

241

181

313

203

290

290

247

3Q21

2Q21

1Q21

4Q20

3Q20

2Q20

1Q20

4Q19

370

175

8 30 22 2

8 8

2

2021 2022 2023 2024 2026 2028

DEBT PROFILE

DEBT Average life of debt: 6.7 years

Figures in US$MM, unless otherwise noted

41 1

Notes 2028 Private Placement Club Deal ST Debt LT Peru CAD Loan

Gross Debt

927

888

717

686

639

725

Net Debt Cash

648

628

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FINAL REMARKS

• Demand for the fourth quarter 2021 will be normalized

• Prices and promotions were adjusted to offset inflation in materials andfreight costs and protect our margins

• We are investing to increase our plants capacity to meet strong customerdemand

• Strong focus on improving the company's financial profile

• We expect record numbers in Sales, Volume and EBITDA for FY2021

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Q&A SESSION

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Florencia de la FuenteCorporate Treasury & Investor Relations ManagerPhone: +52 55 1100 3730 E-mail: florencia.de_la_fuente@mabe.com.mx

Laura AlvizoTreasury & Investor Relations Jr. ManagerPhone: +52 55 9178 8268E-mail: laura.alvizo@mabe.com.mx

Av. Paseo de las Palmas 100,Lomas de Chapultepec I Sección,C.P. 11000, Ciudad de México, México.

CONTACT