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Rodrigo Wright

Investor Relations

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rodrigo.wright@maxcom.com>

Fundamentals

Comprehensive Income

(Ps. Million) 2Q 20201 1Q 20201 4Q 20191 3Q 20191 20191
Total revenues 230 245 348 337 1,428
Gross profit 117 126 141 137 601
EBITDA 2 50 59 58 50 238
LTM EBITDA 2 215 224 238 202 238
Operating income (loss) (61) (49) (73) (53) (213)
Net income (loss) (74) (367) 198 (167) (70)

Financial Position

(Ps. Million) 2Q 20201 1Q 20201 4Q 20191 3Q 20191 20191
Total assets 3,250 3,372 3,753 3,736 3,753
Cash and financial instruments 3 101 149 313 438 313
Financial liabilities4 1,319 1,352 1,015 2,020 1,015
Total liabilities 2,353 2,401 2,394 3,262 2,394
Total shareholders’ equity 897 971 1,358 474 1,358

Cash Flow

(Ps. Million) 2Q 20201 1Q 20201 4Q 20191 3Q 20191 20191
Operating activities (2) 88 (103) 144 217
Investing activities (16) (219) (8) (120) (187)
Financing activities (30) (33) (15) 45 (174)
Cash generated in the period (48) (164) (126) 69 (144)

Operating ratios5

2Q 20201 1Q 20201 4Q 20191 3Q 20191 20191
EBITDA / Total revenues 22.00% 24.00% 16.61% 14.79% 16.69%
Operating income (loss)/ Total revenues (26.51%) (20.10%) (21.04%) (15.77%) (14.93%)
Net income (loss) / Total revenues (31.98)% (100.0%) 56.91% (49.51%) (4.93%)

Liquidity Ratios5

2Q 20201 1Q 20201 4Q 20191 3Q 20191 20191
Current assets / Current liabilities (x) 0.61 0.72 0.92 0.28 0.92
(Current assets - Inventory) / Current liabilities (x) 0.61 0.72 0.92 0.28 0.92
Current assets / Total liabilities (x) 0.13 0.15 0.27 0.22 0.27

Leverage Ratios5

2Q 20201 1Q 20201 4Q 20191 3Q 20191 20191
Net debt6/LTM EBITDA (x) 8.07 7.82 5.49 9.56 2.95
Long-term liabilities / Shareholers’ equity (x) 2.07 1.96 1.24 1.42 1.24
Total liabilities / Total assets (%) 72.40% 71.21% 63.79% 87.31% 63.79%
Total liabilities/ Shareholers equity (x) 2.62 2.47 1.76 6.88 1.76

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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