Cox Energy America B de C : TRANSMITE AL MERCADO PRESENTACIÓN CORPORATIVA SOBRE GRUPO COXABENGOA (3 MB)

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COX ENERGY TRANSMITE AL MERCADO

PRESENTACIÓN CORPORATIVA

SOBRE GRUPO COXABENGOA

Madrid, 24 de abril de 2024 - COX ENERGY, S.A.B. DE C.V. ("Cox Energy", "la Emisora" o "la Compañía") (BIVA/BMV: COXA*, BME: COX), empresa utility dedicada al desarrollo, construcción y gestión de proyectos para la generación de energía con presencia en América, Europa, África y Medio Oriente informa a sus accionistas y al público inversionista en general que, en virtud de lo previsto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 227 de la Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión, y disposiciones concordantes, así como en la Circular 3/2020 del segmento BME Growth de BME MTF Equity, Cox Energy, S.A.B. de C.V. (la "Sociedad"), pone en conocimiento la siguiente información relevante:

La Compañía transmite al Mercado una presentación corporativa del Grupo Coxabengoa (la "Presentación Corporativa") que ha sido publicada por el socio mayoritario de la Compañía, Cox Abg Group, S.A., en la siguiente dirección web: https://coxabengoa.com/.

Considerando la Presentación Corporativa publicada por el accionista mayoritario, la Compañía manifiesta por la presente que el Plan Estratégico 2023-2027 para el Grupo Coxabengoa, publicado mediante OIR el pasado 30 de septiembre de 2023, no debe considerarse como una guía adecuada de la estrategia de la Compañía o del Grupo Coxabengoa.

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Cox Energy, S.A.B. de C.V.

Enrique José Riquelme Vives

Fundador y Presidente del Consejo de Administración

ACERCA DE COX ENERGY

Cox Energy es una utility en el ámbito de la energía que cotiza en México (BIVA) y España (BME Growth). Cox Energy está verticalmente integrada y se dedica al desarrollo y promoción de soluciones energéticas y de generación en los principales países de América, Europa, África y Medio Oriente, con operaciones en México, Chile, Colombia, Centroamérica, Brasil, España, Portugal, Argelia, Marruecos, Sudáfrica y EAU. Dispone de un portafolio único de proyectos en diferentes estados de desarrollo y oportunidades identificadas para realizar su actividad en un marco de desarrollo sostenible. Cox Energy también opera en toda la cadena de valor, con presencia en el negocio de autoconsumo y/o generación distribuida y comercialización de energía.

AVISO LEGAL

Este documento contiene ciertas declaraciones relacionadas con la información general de Cox las cuales están basadas en el entendimiento de sus administradores, así como en supuestos e información actualmente disponible para la Compañía. Las declaraciones contenidas en el mismo reflejan la visión actual de Cox con respecto a eventos futuros y están sujetas a ciertos riesgos, eventos inciertos y premisas. Muchos factores podrían causar que los resultados futuros, desempeño o logros de Cox sean diferentes a los expresados o asumidos en las siguientes declaraciones incluyendo, entre otros, cambios económicos o políticos y condiciones de negocio globales, cambios en tipos de cambio, el nivel general de la industria, cambios a la demanda de energía fotovoltaica, en los precios de materias primas, entre otros. Cox no intenta, ni asume ninguna obligación de actualizar las declaraciones presentadas.

Corporate

Presentation

April 2024

Disclaimer

IMPORTANT: Please read the following before continuing.

THIS PRESENTATIONIS IN SUMMARY FORM AND MUST NOT BE RELIED UPON FOR ANY PURPOSES.

Thisdocument hasbeen prepared by,and isthe sole responsibility of,Cox ABG Group,S.A. ("Cox" or the "Company" and,together with its subsidiariesand other affiliates, the "Group"). The following applies to thisdocument (the "Information").

The Information isin summary draft form and must not be relied upon for any purpose. It doesnot purport to contain allinformation required to evaluate the Company or theGroupand/or itsfinancialposition.

ThisInformation has not been reviewed or approved byany regulatory or supervisoryauthority.

The Information speaks as of the date hereof,does not purport to be comprehensive and has not been independently verified. No representation, warranty or undertaking, express or implied, is m ade by the Company,the Group or any of the Company's or the Group's affili ates, or any of their respective directors,officers, employees, advisers, representatives or agents (the "Representatives") or any other person asto, and no reli ance should be pl aced on, the truth,fairness, ac curacy, completeness or correctness of the Information or the opinions contained therein (or whether any other information hasbeen omitted) or any other statement made or purported to be made in connection with the Company or the Group,for any purpose whatsoever, including but not limited to any investment considerations,whether written,oralor in a visual or electronic form, and howsoever transmitted or made available. No responsibility,obligation or liabil ity whatsoever, whether direct or indirect,express or implied,ari sing in tort, contract or otherwise,in respect of the Information isor will be accepted by the Company or the Group,any of their respective Representatives or any other person for any loss,cost or damage howsoever arising from any use of the Information,or for information or opinions or for any errors,omissions or misstatements contained therein or otherwise arising in connection therewith.

The Information issubject to updating,revision,amendment,verification, correction, completion and change without notice. In providing access to the Information, none of the Company,the Group,any of their respective Representatives or any other person undertakes any obligation to provide the recipient with accessto any additional information or to update the Information or to correct any inaccuracies in any such Information, including any financial data or forward-looking statements. The Information should be considered in the contextof the circumstances prevailing at the time and hasnot been,and willnot be,updated or revised to reflect materialdevelopments which may occur after the date thereof.

Forward-Looking Statements

The Information may constitute or include forward-looking statements,which are b ased on current expectations,projections and assumptions about future events. Forward-looking statements are statements that are not historicalf acts and m ay be identified by words such as "p lans" ,"targets", "aims" ,"believes","expects","anticipates", "intends","estimates", "forecast","project", "plan", "will ", "may", "continues", "should" and similar expressions. These forward-looking statements reflect, at the time made, the Company's beliefs, intentions and current targets/aims concerning, among other things, the Company's or the Group's results of operations, financial condition, liquidity, prospects, growth and strategies. Forward- looking statements include statementsregarding:objectives,goals, strategies, outlook and growth prospects;future plans, events or performance and potentialfor future growth;liquidity,capitalresources and c apital expenditures;economic outlook and industry trends;developments of the Company'sor the Group's markets; the impact of regulatory initiatives;and the strength of the Company's or any other member of the Group's competitors. Forward-looking statements involve risksand uncertaintiesbecause they relate to events and depend on circumstances that m ay or may not o ccur in the future. The forward-looking statements in the Information are based upon various as sumptions, many of which are based,in turn,upon further assumptions,including without limitation, management's examination of historicaloperating trends,data contained in the Company's records (and those of other members of the Group) and other dataavai lable from third p arties,the Group's investments and its business str ategy,regarding, among other matters,relevant industry,regulatory and economictrends and the Group's ability to suc cessfully develop itsbusiness, fund and carry out its growth plan ,meet its targets and deliver on itsbacklog and pipeline. Although the Company believesthat these as sumptions were reasonable when made,these as sumptions are inherently subject to significant known and unknown risks,uncertainties,contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Forward-looking statementsare not guarantees of future performance and such risks ,uncertainties, contingencies and other important factors could c ause the actualoutcomes and the results of operations,financi al condition and liquidity of the Company and other members of the Group or the industry to differ materially from those results expressed or implied in the Information by such forward-looking statements. No representation or warranty ismade that any of these forward-looking statements or forecasts wi ll come to pas sor that any forecast result w ill be achieved. Undue influence should not be given to,and no reliance should be pl aced on, any forward-looking statement in the Information. No statement in the Information isintended to be nor may be construed asa profit forecast.

Pipeline

The definition and classifi cation of the pipeline of the Company and the Group,which comprises "Development", "Advanced Development","Backlog" and "Under Construction", may not necessari ly be the same as that used by other companies engaged in simil ar businesses. A s aresult, the expected capacity of the Company and the Group's pipeline may not be comparab le to the expected capacity of the pipeline reportedby such other companies. In addition,given the dynamic nature of the pipeline,the pipelineis subject to change and certain projectsclassified under acertain pipeline category asidentified above could be reclassified under another pipeline category or could cease to be pursued in theevent that unexpectedevents occur.

Industry Data

To the extent availab le,the industry,m arket and competitive position data contained in the Information comes or has been derived from official or third-party sources. Third-party industry publications, studies and surveysgenerally state that the data contained therein have been obtained from sources believed to be reliable, but that there isno guarantee of the ac curacy or completenessof such dat a. While the Company believes that each of these publications , studies and surveys hasbeen prepared by areputable source,none of the Company,the Group or any of their respective Representatives has independently verified the datacontained therein. In addition, certain of the industry,market and competitive position datacontained in the Information come from the Company's own internalresearch and estimates based on the knowledge and experience of the Company's management in the markets in which the Company and the other members of the Group operate. While the Company believes that such research and estim ates are reasonable,they,and their underlying methodology and assumptions,h ave not been verified by any independent source for accuracy or completeness and are subject to change or correction without notice. Accordingly,reliance should not be placed on any of the industry,market or competitiveposition datacontained in the Information.

Financial Information

Certain financial and stati stic al information contained in this Information is subject to rounding adjustments. Accordingly, any discrepancies between the totals and the sumsof the amounts li sted are due to rounding. Financial information and operating data relating to the Company and the Group contained in this Information has not been audited and,in some c ases, is based on management information and estimates and is subject to change.

The financialinformation included herein hasbeen derived from the Company's draft consolidated annual ac counts as of and for fin ancia lyear ended 31 December 2023,that h ave been prepared in accordance with the InternationalFinancial Reporting Standards ("IFRS") as adopted by the EUand in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19July 2002 on the application of internationalaccounting standards (the "2023Consolidated Annual Accounts").

The 2023Consolidated AnnualAccounts are in draft form and are subject to (i) approval by the Company's Board of Directorsand the general shareholders' meeting and (ii) the performance of the audit review by theauditors and,therefore,are subject to change.

Alternative Performance Measures(APMs)

ThisInformation contains certain non-IFRS financi al measures of the Company and the Group derived from (or based on) itsaccounting records, and which the Company and the Group regard as alternative performance measures ("APMs") for the purposes of Commission Delegated Regulation (EU) 2019/97 9of 14 Mar ch 2019 and as defined in the European Securities and Market Authority Guidelines on Alternative Performance Measures dated 5 October 2015. Other companies may c al culate such financialinformation differently or may use such measures for different purposes than the Company and the Group do,limiting the usefulness of such measures as comparative measures. These measures should not be considered asalternatives to measures derived in accordance with IFRS, have limited use as analytical tools, should not be considered in isolation and, may not be indicative of the Company and Group's results of operations. Recipients should not rely on this information.

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CoxGroup:

Vertically Integrated Utility with Innovative Solutions Around Water and Energy

Operating Financial(2)

Overview

Key Figures

• CoxGroup (the "Company") is a vertically integrated utility of Water and Energy focused on the growing sectors of water and energy infrastructure (inc. transmission), resulting from the integration of Cox
  Energy and the productive units of Spanish industrial Group Abengoa
• The Company has an integrated business model encompassing the entire water and energy value chains complemented by other technologies enabling the clean energy transition:
• • Full water cycle: desalination, purification, reutilization, treatment and integrated water resource management
  • Energy: clean energy generation, commercialization and transmission
• Internationally diversified portfolio:
• • Water division focused on the Americas, Southern Europe and MENA
  • Energy division focused on the Americas (mainly Chile, Mexico and Colombia) and Spain
• Technologically diversified both in water (from desalination to purification) and energy (from solar PV and storage to thermosolar)

7 Operating Concessions/Projects(1)	c.€581m Revenues 2023A(2)
335k m3/day desalination capacity(6)	c.€103m EBITDA 2023A(2)(3)
3.6GW Renewables Pipeline	c.18% EBITDA Margin 2023A(2)(3)
+27k km Transmission Lines built	1.8x Net Debt/EBITDA 2023A (2)(4)
c.6k Employees as of 31 March 2024	(0.2x) Adj. Net Debt/Adj. EBITDA '23A(2)(5)

Business Divisions

Water			Clean Energy
		Generation		Transmission
Developer, Owner and Operator		Developer, Owner and Operator
	Services for Third Parties
EPC	+	O&M	+	Technology

Source: Company information.

1) Includes Chilean plant in San Javier I. Excludes additional project KHI CSP Plant in South Africa(pending judicial author ization in Spain and, subsequently, to local regulatory approval ). 2) AbengoaS.A.'s productive units have only been consolidated within theCompany's results since the date on which the acquisition took effect

pursuant to the terms of the Share Purchase Agreement (April 18, 2023) (the "Acquisition Effective Date"). Therefore, the Group's consolidated statement of income and the Group's consolidated statement of cash flows for the year ended December 31,2023include (i) twelve months of operations of theCompany and (ii) approximately	3
nine month of operations of the Abengoaproductive units. 3) EBITDA and EBITDA Margin are APMs calculated as (i) the sum of our Operating profit and Amortization and charges due to impairments, provisions and amortizations and (ii) the division of EBITDA by net sales, expressed as a percentage, respectively. 4) Net

Debt/EBITDA is an APM calculated as Net Debt (comprised of project finance debt, plus lease liabilities, debts with credit in stitutions, and other financial liabilities, less cash and cash equivalents) divided by EBITDA. 5) Adj. Net Debt/ Adj. EBITDA isan APM calculated as Adjusted Net Debt (comprised of debts with credit institutions, plus lease liabilities and other financial liabilities, less cash and cash equivalents) divided by Adjusted EBITDA (comprised of EBITDA excluding concessions). 6) 198k m3/day attributable desalination capacity.

Synergistic Business Divisions at the Core of Environmental Transition

Water

Clean Energy

Strategy KPIs Overview

International operator	Presence across the	Synergetic with energy
with water desalination	entire water cycle with	division due to water plants'
plants under long term	long-standing track	high electricity supply
concessions	record in desalination	requirements

3	335k	+20 years	€29m
3	/day gross	remaining
Operating	m	(1)
desalination	concession	(26%)
concessions	capacity(2)	lifetime(3)

Assets & Concessions EBITDA 2023(1)

Transition from a build-to-sell to a build-to-ownstrategy

	Generation		Transmission
•	Clean energy generation	as well as	•	Electric transmission & distribution
•	Expertise in hybridization	•	Infrastructure and technologies
	waste-to-biofuel/energy processes
	4(4)	+3.6GW		Assets & Concessions	€75m
	Operating	Pipeline, o/w		(1)	(66%)(1)
	Projects	1.1GW with		EBITDA 2023
	(5)
	(383MW )	RTB '25

• Americas: build-to-own strategy
• EMEA: mixed build-to-own and asset rotation strategies

			Services for Third Parties
	EPC	+		O&M		+	Technology
EPC provider: development, engineering and project execution	Industrial O&M services for energy and water plants	Hardware,
						software,
						firmware,		Services
						mechanics,
5.3GW	>27,000km	+1,100km	10-20 years	+2,477MW	535k m3/day	thermals and	179	EBITDA
(1)
Renewable projects	Transmission	pipelines	O&M avg.	Renewable Energy	desalination	testing with	Patents	2023
constructed or under	Lines Constructed	constructed	contracts	References(6)	capacity managed	applications into	granted
construction						energy and water

Source: Company information.

Note: AbengoaS.A.'s productive units have only beenconsolidated within the Company's results since the date on which the acquisition took effect pursuant to the terms of the Share Purchase Agreement (April 18, 2023) (the "Acquisition Effective Date"). Therefore, the Company's statement of consolidated income information and the statement of cash flow for the year ended December 31, 2023include (i) approximately three months of operations of the Company only and (ii) approximately nine month of operations of theGroup after theAcquisition EffectiveDate. 1) EBITDA is an APM. For its definition, see footnote 3 to slide 4. Excludes corporate and other costs (-€11m). 2) 198k m3/day attributable desalination capacity. 3) Average remaining concession lifetime weighted bydesalination capacity of plants (Agadir (Morocco) 275,000 m3/day concession until 2049, Accra (Ghana) 60,000m3/day concession until 2040). 4) Company expects adding afifth project in the short -term, KHI CSP Plant (South Africa) which is currently pending judicial authorization in Spain and, subsequently, to local regulatory approv al . The company would be holding a51% equity stake on the 50MW gross capacity project, adding 25.5MW attributable capacity to the current operating portfolio. 5) 198 MW attributable capacity. +540MW when considering equivalent solar capacity, calculated using a 1MW solar project capacity to 2GWh annual electricity production conversion rate. 6) "References" refers to certified projects successfully completed.

€10m (9%)(1)

4

Understanding CoxGroup Structure Today

Entities majority owned by Enrique Riquelme, Executive Chairman of CoxGroup

• Current CoxGroup shareholder structure consists of:
• • Inversiones Riquelme Vives, S.L.:
    72.83%; Lusaka Investments, S.L.U.:
    5.00% (two entities of which Enrique Riquelme is ultimately the majority and sole shareholder, respectively)
  • Zardoya family: 17.52%
  • HNA: 4.65%
• CoxGroup is organized under two main units (i) Water and (ii) Energy with Energy further subdivided into Generation and Transmission businesses
• CoxGroup has a listed subsidiary holding its energy generation assets: Cox Energy, S.A.B. de C.V.
• • It is currently listed in Mexico (BIVA) and Spain (BME Growth) Stock Exchanges since 2020 and 2023, respectively, with a 15% free float

Inversiones

Riquelme Vives SL

72.83%

GenerationEnergy

Minorities 15 %

Lusaka	Zardoya Family	HNA
Investments SL
5.00%	17.52%	4.65%

Energy

Water

TransmissionEnergy

Currently listed in Mexico (BIVA) and

Spain (BME Growth) stock markets

Source:Company information.	5

International Presence Coupled with on-the-Ground Expertise

Geographic Footprint

MENA and Americas as core strategic areas

Agadir

Core strategic areas linked to:

(1) water infrastructure demand and

(2) fast-growing markets for energy

Presence in other countries mainly through

Services division

Presence		Abengoa
Near-term focus markets		Bioenergia
San Javier I	Brasil
Water Operating Assets
Meseta de los Andes
Energy Operating Assets
Headquarters

SPP1

Accra

Source:Company information.	6

Strategy is Built Around Two Main Pillars of Sustainability:

Water and Clean Energy (Generation & Transmission)

Sustainability is part of CoxGroup's DNA…

Ensuring availability of water and its sustainable management and sanitation for all(1)

• Desalinated water supplier to 3-5 million people(2)
• 1,100 km of hydraulic lines constructed for third parties(2)

Ensuring access to

affordable, secure, sustainable and modern energy for everyone(1)

Experience in hybridization of solar and gas energy (Waad Al Shamal).

… and a key pillar of its business model

Making cities and human settlements inclusive, safe, resilient and sustainable(1)

Productive units coming from 70 years of experience in the engineering and construction business (2)

Building resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation(1)

4.5 GW of renewable projects built(2)	•
4.0 GW gross portfolio of operating, under	•
constructions, backlog, RtB, advanced
development or development stage(2)

1)	Source:United Nations Department of Economic and Social Affairs, Sustainable Development, The 17 Goals, available	at http s://sdgs.un.org/goals.	7
2)	Operational data derived from Company information.

CoxGroup:

Clean Energy Transition Company, Vertically Integrated with Innovative Solutions Around Water and Energy

Fully-

Integrated

Business

Model

Across

Benefitting From

Experienced

Water

Operator

International

Renewables &

Transmission

Player

Premium

Engineering

Capabilities

Synergistic

Set Up

Sound Financial

Profile to

Capture Growth

Highly

Experienced

Industry Team

1

2

3

4

5

6

• Growth potential underpinned bycritical population needs and narrow competitive landscape
• Three long-term cash flow generative concessions with attractive project terms
• Global reference in the construction of water infrastructure and treatment plants with over 253 project certificates obtained
• Differentiated technology know-how on the back of +55 years of experience and >20 sector awards(1)
• Significant experience developing energy generation and transmission projects internationally
• 3.6GW renewables pipeline (mainly in hard currencies) with high visibility into ready-to-build (c.38% by 2025)across fast growing energy markets
• Build-to-ownstrategy (already implemented with 4 operating energy projects) paired with asset rotation in more mature markets
• Diversified technologies (PV, CSP, Bioenergy, self-consumption) integrated with energy trading business
• Premium industrial engineeringbrand recognized by clients with international certifications a variety of technologies
• Focus on value added engineering provides the company with access to projects with higher EBITDA margins
• Engineering experience in highly demandedinfrastructure such as water and renewables, energy, networks
• Vertical integration (EPC, Asset Management and O&M) from combining Cox Energy's solar expertise with Abengoa industrial capabilities
• Development activities to leverage engineering know-how providing diversification and synergies across businesses and geographies
• Full control of self-developedassets supports maximizing overall project returns
• Strong profitability and free cash flow generation with €103m EBITDA and €37m adjusted operating cash flow(2) in 2023
• Tangible growth potential driven by build out of PV pipeline and reversion to run rate contracting of EPC business
• Disciplined project selection to deliver profitable growth (1.8x(3) net debt / EBITDA in 2023) whilst minimizing risk profile
• Balance sheet flexibility to support group's growth story
• Committed, founder-led management team with vision with experience managing a multinational organization
• Spain-basedorganization with internationally diversified operations across Europe, Americas, Middle East and Africa
• Agile and centralised decision making complemented with local presence and regional execution

Note: Abengoa S.A.'s productive units have only been consolidated within the Company's results since the date on which the acquisition took effect pursuant to the terms of the Share Purchase Agreement (April 18, 2023) (the "Acquisition Effective Date"). Therefore,the Company's statement ofconsolidated income	8
information and the statement of cash flow for the year ended December 31, 2023 include (i)approximately three months of operations of the Company only and (ii)approximately nine month ofoperations ofthe Group a fter the Acquisition Effective Date.
1)Since 2006. 2)Adjusted operating cash flow isan APM calculated asEBITDA lesschangesin working capital,capital exp endituresand taxes. 3)Net Debt / EBITDA isan APM.For itsdefinition,see footnote 4 to slide 4.

Experienced

Water

Operator