Vinte Viviendas Integrales (VINTE) Corporate presentation summary

Scale and portfolio

• Acquisitions of Javer in Dec'24 and Derex in Nov'25 tripled scale; revenue CAGR was 14.3% from 2007 to 2023, with 2026 revenue ambition of US$1B and growth guidance of 10%.

• 14,271 homes developed and titled in the 12 months to Jun'26; 15,681 homes delivered in 2025, ranking eighth among listed housing developers in the Americas by units.

• Land reserves total 100,283 plots, representing potential homes valued at US$6B; portfolio spans entry-level to middle-higher-income housing across Vinte, Javer and Derex communities.

Financial position and funding

• Net debt/EBITDA was 2.61x at Jun. 30, 2026, the lowest quarterly level since 2019; 2.68x including leases. 2Q'26 ROIC (EBIT) was 17.92% and ROE 19.20%.

• Total debt was MXN 9,369M at Jun. 30, 2026; 100% denominated in pesos, 72% at fixed rates, with average maturity of 4.2 years. Cash plus available credit facilities totaled MXN 2,798M.

• Four rating agencies assigned AA-level ratings with stable outlooks; ratings cited include S&P mxAA-, Moody's AA-.mx, HR Ratings AA and Verum AA.

• Fourteen bonds have been issued, including sustainable, SDG and green bonds; the Jun'25 issuance totaled MXN 2,500M with five- and seven-year maturities.

Housing market fundamentals

• Infonavit potential eligible demand reached 10.8M beneficiaries as of Feb. 28, 2025; national unemployment was 2.6% in 2025.

• National home prices rose 8.0% annually from Mar'13 to Mar'26, versus 4.6% average annual inflation over the period.

• Mexico's housing production remains historically low as formal employment and real minimum wages have risen; the real minimum wage has tripled over seven years.

• Cetes rates fell by more than 500 bps over the prior two years, while construction materials inflation increased recently.