Corpovael (CADUA) Corporate Presentation summary

Business overview and market position

• Over 23 years, has built and deeded more than 125,000 homes in 6 states, with a strong presence in Quintana Roo, Jalisco, and significant market share in Tulum, Playa del Carmen, and Cancún.

• Recognized as the top home deed issuer through INFONAVIT in Quintana Roo, holding up to 97% market share in Tulum as of 2025.

• Product portfolio spans social, middle, middle-residential, and residential housing, with price adjustments reflecting current market conditions.

• Publicly listed since 2015, with six debt issuances totaling $2,502 million MXN and a pioneering green bond in the housing sector.

• Holds multiple sustainability and corporate governance certifications, including Climate Bond Initiative and EDGE.

Financial performance and industry comparison

• Revenue for the last twelve months to September 2025 was approximately $4,022 million MXN, with an EBITDA margin of 16% and net margin of 8%.

• ROE declined to 2.8% in the latest period, reflecting industry-wide challenges.

• Debt totaled $2,181 million MXN as of September 2025, with a net debt/EBITDA ratio of 2.2x and total liabilities to equity at 1.2x.

• Outperformed industry peers in unit sales growth (2%) and net income growth (37%) for Jan–Sep 2025, but lags in ROE and free cash flow.

• Maintains a competitive average home price and EBITDA margin compared to other listed developers.

Sustainability and ESG initiatives

• Leads Mexico in ECOCASA-certified homes, with over 27,600 units and a 38% national share as of 2025.

• EDGE certification achieved for over 2,300 homes, enabling significant energy, water, and material savings.

• Aldea Tulum project aligns with UN-Habitat's 7 elements for adequate housing and targets a 20%+ reduction in greenhouse gas emissions.

• Sustainability committee includes internal and external experts, ensuring transparency and best practices.

• Recognized for social responsibility, COVID-19 response, and adherence to global sustainability frameworks.