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Rodrigo Wright

Investor Relations

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rodrigo.wright@maxcom.com>

Fundamentals

Comprehensive Income

(Ps. Million) 2Q 20211 1Q 20211 4Q 20201 3Q 20201 20201
Total revenues 216 193 213 219 908
Gross profit 93 85 117 117 476
EBITDA 2 39 26 60 60 228
LTM EBITDA 2 185 196 228 226 228
Operating income (loss) (42) (65) (126) (29) (266)
Net income (loss) (37) (141) (33) (46) (522)

Financial Position

(Ps. Million) 2Q 20211 1Q 20211 4Q 20201 3Q 20201 20201
Total assets 2,825 2,915 2,938 3,134 2,938
Cash and financial instruments 3 50 59 62 78 62
Financial liabilities4 1,137 1,184 1,147 1,289 1,147
Total liabilities 2,193 2,248 2,129 2,281 2,129
Total shareholders’ equity 632 668 809 853 809

Cash Flow

(Ps. Million) 2Q 20211 1Q 20211 4Q 20201 3Q 20201 20201
Operating activities 33 49 13 23 123
Investing activities (20) (23) (9) (21) (266)
Financing activities (21) (29) (20) (24) (107)
Cash generated in the period (8) (3) (16) (22) (250)

Operating ratios5

2Q 20211 1Q 20211 4Q 20201 3Q 20201 20201
EBITDA / Total revenues 18.03% 13.41% 28.20% 27.40% 25.10%
Operating income (loss)/ Total revenues (19.42%) (33.63%) (59.20%) (13.24%) (29.30%)
Net income (loss) / Total revenues (17.13%) (73.02%) (15.50%) (21.00%) (57.50%)

Liquidity Ratios5

2Q 20211 1Q 20211 4Q 20201 3Q 20201 20201
Current assets / Current liabilities (x) 0.14 0.54 0.47 0.52 0.47
(Current assets - Inventory) / Current liabilities (x) 0.14 0.54 0.47 0.52 0.47
Current assets / Total liabilities (x) 0.10 0.11 0.09 0.10 0.09

Leverage Ratios5

2Q 20211 1Q 20211 4Q 20201 3Q 20201 20201
Net debt6/LTM EBITDA (x) 5.88 5.73 4.76 5.36 4.76
Long-term liabilities / Shareholers’ equity (x) 1.03 2.67 2.13 2.15 2.13
Total liabilities / Total assets (%) 77.63% 77.10% 72.50% 72.80% 72.50%
Total liabilities/ Shareholers equity (x) 3.47 3.37 2.63 2.67 2.63

1 Data from interim financial statements

2 EBITDA equals Operating income (loss) plus depreciation, amortization, impairment charges and other (income) expenses

3 Includes long-term restricted cash

4 The Financial liabilities item is presented at fair value as indicated in audited financial statement

5 Calculations based on proprietary methodology that may differ from estimates produced using other methodologies

6 Equivalent to Financial liabilities less Cash and financial instruments

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