1

February 21, 2017

4Q16 Quarter Results Conference CallFideicomiso F/2157 – FMTY14

2

Redwood Building Office, Guadalajara, Jal.

Net Leasable Area: 11,605 m2

Tenants: Oracle, HCL TechnologiesVectorIZA Business CenterCI BancoGiovanni Bojanini

Purchase Price: $738.3 million pesos

Estimated NOI: $61.4 million pesos

Ciénega Building Industrial, Monterrey, N.L.

Net Leasable Area: 25,223 m2

Tenant: Walmart de México y Centro América

Purchase Price: $230 million pesos

Estimated NOI: $22.7 million pesos

Disciplined Growth StrategyAcquisitions completed during 4Q 2016

3

Catacha 2 Industrial, Querétaro, Qro.

Project under construction under a Build-to-Suit structure

Net Leasable Area: 5,400 m2

Tenant: Pak2Go

Purchase Price: $58.5 million pesos

Estimated NOI: $5.3 million pesos

Disciplined Growth StrategyAcquisitions completed during 4Q 2016

4

Initial Portfolio

Executed Acquisitions

Acquisitions in Process

CUAUHTEMOC, CHIH

18. Monza #3

LOS MOCHIS, SIN

12. Casona #3

PARRAL, CHIH

11. Casona #2

CHIHUAHUA, CHIH

10. Casona #1

16. Monza #1

17. Monza #2

29. Monza #5

DELICIAS, CHIH

19. Monza #4

SAN LUIS POTOSI, SLP

21. Huasteco #1

22. Huasteco #2

23. Huasteco #3

24. Huasteco #4

25. Huasteco #5

26. Huasteco #6

27. Huasteco #7

IRAPUATO, GTO

13. Casona #4

14. Casona #5

SALTILLO, COAH.

30. Providencia #1

31. Providencia #2

32. Providencia #3

33. Providencia #4

34. Providencia #5

35. Providencia #6

36. Providencia #7

37. Providencia #8

HUIXQUILUCAN, MEX

39. Fortaleza

CIUDAD JUAREZ, CHIH

9. Cuadrante

GUADALAJARA, JAL

40. Redwood

15. Catacha

28. Nico #1

38. Prometeo

41. Ciénega

QUERETARO, QRO

20. Santiago

42. Catacha #2

MONTERREY, NL

1. OEP – Torre 1

2. OEP – Torre 2

3. OEP – Plaza Central

4. CEN | 333 – Axtel

5. CEN | 333 – Neoris / GE

6. CEN | 333 – Atento

7. Danfoss

8. Cuprum Ventanas

Disciplined Growth StrategyComposition of the total portfolio

5

60%

36%

4%

By Class of Property

Office Industrial Retail

61%12%

7%

7%

6%7%

By Location

NL Coah Chih Jal ZMVM Otros

79%

21%

By Currency

USD MXN

14%

8%

36%7%

26%

9%

By Expiration (years)

0-1 1-3 3-5 5-7 7-10 10+

95%

5%

By Occupancy

Leased Vacant

7%

6%

5%

5%4%

4%

4%

4%

4%

4%

Major Tenants

Crisa Neoris GE Axtel Oracle

PWC Danfoss Mary Kay Accenture CVG

High Quality PortfolioKey Performance Indicators as % of income

6

14.1%4.9% 3.6%

19.0% 17.0%

1.2%5.8%

10.6%

0.0%

15.0%

3.8% 0.7% 0.0% 3.6% 0.7%

14.1% 19.0% 22.6%

41.6%

58.6% 59.8%65.6%

76.2% 76.2%

91.2% 95.0% 95.7% 95.7% 99.3% 100.0%

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

Expiration of lease agreements

Expiration Accumulated

21%

19%

13%13%

10%

10%

6%5%

3%

Distribution by Economic Activity

Technology

Automotive

Services

Manufacturing

Other *

Consumer Products

Communications

Electronics

Logistic 3.1%

1.8%

1.7%

1.6%

0.9%

0.5%

0.4%

Other

Construction and Development

Financial Services

Industrial Gas

Commerce

Energy

Agropecuary

* Other Economic Activities (10%)

Remaining lease term is 5.5 yearsMore than 58% of income begins to expire starting in 2021

High Quality PortfolioExpiration profile and economic sectors

7

0

50

100

150

200

250

300

350

1T

20

14

2T

20

14

3T

20

14

4T

20

14

1T

20

15

2T

20

15

3T

20

15

4T

20

15

1T

20

16

2T

20

16

3T

20

16

4T

20

16

Monterrey – Office Projects Under Construction

Projects Under Construction (000's m2)

Lineal (Projects Under Construction (000's m2))

0

5

10

15

20

25

30

35

1T

20

14

2T

20

14

3T

20

14

4T

20

14

1T

20

15

2T

20

15

3T

20

15

4T

20

15

1T

20

16

2T

20

16

3T

20

16

4T

20

16

Monterrey – Office Space Net Absorption

Office Space Net Absorption (000's m2)

Lineal (Office Space Net Absorption (000's m2))

High Quality PortfolioComment to the office market in Monterrey

8

Thousands of MXN $ 4Q16 3Q16 2Q16 1Q16 4Q15Δ% / pp

4Q16 vs 3Q16

Total Gross Revenue 188,283 157,552 134,346 118,375 101,503 19.5%

Property Related Expenses (29,182) (18,110) (16,961) (13,556) (14,463) 61.1%

CAPEX expenses registered as OPEX according to IFRS

6,071 695 1,933 -- -- 773.5%

Net Operating Income (NOI) 1 165,17287.7%

140,13788.9%

119,31888.8%

104,81988.5%

87,04085.8%

17.9%(1.2 pp )

Administrative Expenses2 (17,221) (16,346) (15,939) (16,026) (13,121) 5.3%

EBITDA147,95178.6%

123,79178.6%

103,37976.9%

88,79375.0%

73,91972.8%

19.5%

Strong and Sound PerformanceSelected financial information

1. Excludes Capex expenses registered as Opex according to IFRS.2. Net of Depreciation and Amortization.