Earnings release
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1 3Q26 Earnings Release Investor Relations Arturo Morales ir@gis.com.mx www.gis.com.mx GIS reports 7% revenue growth driven by North America Saltillo, Coahuila, Mexico, October 20, 2026 -- Grupo Industrial Saltillo, S.A.B. de C.V. (BMV: GISSA) (“GIS” or “the Company”), a Mexican multinational company focused on the automotive sector, announces its results for the third quarter of 2026 (“3Q26”). 3Q26 Financial Highlights Third Quarter Nine Months Millions of USD 2026 2025 Ch. % 2026 2025 Ch. % Revenue 267 249 7 816 752 8 Draxton 249 229 9 754 693 9 Cinsa 18 20 (10) 62 58 7 EBITDA* 27 23 17 89 86 4 Draxton 28 22 27 88 84 5 Cinsa (1) 1 N/A 1 2 N/A Margin (%) 10% 9% 11% 11% Net Debt 267 279 Net Debt/EBITDA (LTM) 2.2x 2.4x *Figures are rounded; percentage changes are calculated using unrounded data. The proforma scenario reported last year excluded extraordinary expenses of US $3M (structure optimization) Message from the CEO During the third quarter of 2026, we maintained a clear focus on execution in a volatile environment in which light-vehicle production declined in all three regions where we operate. Supported by significant efforts in operational excellence, financial dis cipline, and customer relationships, we continued to strengthen our presence in the mobility industry. At a consolidated level, sales increased by 7%, reaching US $267M, and UAFIRDA rose to US $27M, 17%; a result that stands out given it absorbed an unfavorable impact of US $4M from energy lag in Europe and the currency effect from the peso strengthening against the dollar. On the other hand, the third quarter is usually cyclically a period of lower activity due to widespread operational shutdowns in Europe. During the year, we have worked to strengthen our competitive advantages and our growth path, and have shown that our foundation is foundry, with this quarter’s results reflecting that. The profitability of the foundry lines has been the engine behind the margin expansion in 2026. Year to date, Draxton has secured new programs representing more than US$154 million in sales, with launches expected over the next 18 to 24 months. We closed the quarter with net debt of US$267 million and net leverage of 2.2x, compared with 2.4x in 3Q25. With the support and commitment of our team, we will carry out our strategic intent to continue serving our customers from a multinational platform and, in doing so, steer Draxton onto a path of sustainable growth. Knut Bentin
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2 3Q26 Earnings Release Investor Relations Arturo Morales ir@gis.com.mx www.gis.com.mx Quarterly Highlights • A workshop was held on Evercast with the client and partner ZF to strengthen operations in value- added processes • More than 20 students graduated from the DUAL program; the Maintenance, Engineering, and Master Foundryman academies continue to progress successfully through their curricula • During the first nine months of the year, Draxton secured new programs with an estimated total value of more than US$154 million in future sales, with launches expected over the next 18 to 24 months Debt EUR/USD exchange rate used: 1.1431 U.S. dollars per euro. IFRS 16 lease liabilities totaled US$25.3 million. At the end of 3Q26, interest-bearing liabilities, including lease liabilities, totaled US$308 million, while cash and cash equivalents were US$42 million. As a result, net debt totaled US$267 million, equivalent to net leverage of 2.2x. As part of the cash flow optimization strategy, during the quarter, the Company showed disciplined and efficient execution of CapEx. These actions, along with the availability of revolving credit lines, strengthen GIS's financial flexibility. 323 335 331 330 324 318 308 2.4x 2.3x 2.4x 2.1x 2.2x 2.2x 2.2x 0.0 000 0.5 000 1.0 000 1.5 000 2.0 000 2.5 000 3.0 000 0 50 100 150 200 250 300 350 400 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Leverage US$M Debt Net Debt / LTM EBITDA 8 44 68 92 63 10 3% 15% 24% 32% 22% 4% 0 0.0 5 0.1 0.1 5 0.2 0.2 5 0.3 0.3 5 0 10 20 30 40 50 60 70 80 90 100 2026 2027 2028 2029 2030 Onwards LT Debt Maturity Profile Interest-bearing LT bank debt, excl. leases US$M Debt % of Debt
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3 3Q26 Earnings Release Investor Relations Arturo Morales ir@gis.com.mx www.gis.com.mx Industry Overview (Millions of Units) Third Quarter Nine Months 2026 2025 Ch. % 2026 2025 Ch. % Light-vehicle Production North America 3.8 4.0 (3.9) 11.4 11.7 (2.2) Europe(1) 3.6 3.7 (1.2) 11.9 12.1 (1.9) China 7.9 8.4 (5.7) 22.1 23.3 (5.5) Light-Vehicle Sales North America 5.0 5.0 (1.8) 14.5 14.9 (3.1) Europe(1) 4.1 4.1 0.0 13.0 12.8 1.8 China 5.5 6.9 (22.9) 16.1 19.8 (20.5) Commercial Vehicle Production(2) North America 153 114 34.2 406 385 5.2 Europe 116 118 (1.4) 357 353 1.0 Source: Mobility Global 1) Excludes Belarus, Russia, and Ukraine 2) Figures in thousands of commercial vehicles INDUSTRY • North America During 3Q26, the North American automotive industry showed slower momentum. Light -vehicle production declined 3.9% compared with 3Q25, while sales fell 1.8% in the quarter, weighed down by high vehicle prices and financing costs. In contrast, commercial -vehicle production increased 34.2% against a low comparison base. Uncertainty surrounding the USMCA review continues to pose a risk heading into year-end. • Europe In 3Q26, light-vehicle production in Europe declined 1.2% compared with 3Q25, affected by higher energy costs, capacity adjustments by certain OEMs, and competition from Chinese automakers. Light-vehicle sales were flat in the quarter and are up 1.8% year to date, supported by demand for electric vehicles. Commercial -vehicle production declined 1.4% in the quarter but has increased 1.0% year to date. • China In China, the automotive industry posted another weak quarter for domestic sales. Light -vehicle sales declined 22.9% in the quarter, despite regional subsidies and promotional campaigns. Production declined a more moderate 5.7%, supported by solid export levels.
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4 3Q26 Earnings Release Investor Relations Arturo Morales ir@gis.com.mx www.gis.com.mx Business Performance (Millions of USD) Third Quarter Nine Months 2026 2025 Ch. % 2026 2025 Ch. % Casting Volume1 121,335 114,398 6 365,163 348,104 5 North America 69,304 64,469 7 199,576 190,370 5 Europe / Asia 52,031 49,929 4 165,587 157,735 5 Machining Volume2 5,511 5,934 (7) 17,096 17,083 0 North America 4,493 4,725 (5) 13,613 13,121 4 Europe / Asia 1,018 1,209 (16) 3,483 3,962 (12) Revenue 249 229 9 754 693 9 North America 149 130 15 425 382 11 Europe / Asia 100 99 1 329 310 6 EBITDA 28 22 27 88 84 5 Margin 11% 10% 12% 12% 1. Iron casting volume (metric tons). 2. Iron and aluminum machining volume (thousands of parts). 3. The figure reported in 3Q25 excluded severance expenses of US$3 million. Volume During 3Q26, casting volume in North America increased 7% year-over-year and 4% quarter-over-quarter, despite lower light-vehicle production. This performance was driven by Draxton’s commercial initiatives, higher demand for commercial-vehicle components, and the volume ramp-up of the new casting lines at the San Luis Potosi plant. In contrast, machining volume in the region declined 5% year-over-year. In Europe and Asia, casting volume increased 4% compared with 3Q25, supported by Draxton’s diversification strategy, even in a market where light -vehicle production continued to decline. In contrast, machining volume declined 16% year-over-year, primarily due to platform -mix changes and operating adjustments at certain customers. Compared with the previous quarter, volumes in the region reflect the seasonality typical of the third quarter, as scheduled production shutdowns and plant maintenance take place in August.
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5 3Q26 Earnings Release Investor Relations Arturo Morales ir@gis.com.mx www.gis.com.mx Revenue During 3Q26, Draxton’s revenue increased 9% year-over-year, driven primarily by growth in North America on the back of higher casting volumes. North America generated revenue of US$149 million in the quarter, up 15% from 3Q25. Europe and Asia reached US$100 million, an increase of 1% in U.S. dollar terms and 4% in euro terms. EBITDA In 3Q26, Draxton reported EBITDA of US$28 million, and an 11% EBITDA margin. In North America, profitability improved on the back of higher volumes, efficiencies in electricity consumption, and the continued optimization of operating indicators, despite the effect of a stronger Mexican peso against the U.S. dollar. In Europe, res ults reflected the impact of higher energy costs, which are passed through to customers with a time lag, as well as lower production and the seasonality typical of August. Draxton will remain focused on operational excellence and on developing the organizational capabilities required to meet its customers’ needs in a timely manner and reinforce its position as a strategic partner to the mobility industry. Non-Consolidated Joint Ventures GISEderlan, a 50:50 joint venture between GIS and Fagor Ederlan that specializes in machining iron components for the automotive sector, reported quarterly revenue of US$18 million, in line with 3Q25. Business Outlook Short Term Medium – Long Term • Consolidate improvements in key operating indicators • Maintain discipline in fixed costs, working capital, and CapEx execution • Drive growth in commercial-vehicle platforms in Europe • Scale automation and energy efficiency as a structural cost advantage
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6 3Q26 Earnings Release Investor Relations Arturo Morales ir@gis.com.mx www.gis.com.mx Other Businesses CINSA, GIS’s cookware and tableware business, reported revenue of US$18 million in 3Q26, a 10% year- over-year decrease, reflecting weak consumer demand. Lower sales volumes have weighed on the business’s profitability; a realignment process is currently underway to strengthen the business's position and performance. Notes to the Financial Statements GIS recommends reviewing the notes to the financial statements, which form part of the quarterly report filed with the Mexican Stock Exchange (BMV). Forward-Looking Statements This earnings release may contain forward-looking statements and information regarding Grupo Industrial Saltillo, S.A.B. de C.V. and its subsidiaries (collectively, the “Company”) that are subject to risks and uncertainties which may cause actual results to differ materially from current management expectations. These risks and uncertainties include but are not limited to the development and commercialization of new products; demand for and acceptance of the Company's products; competitor products and prici ng; macroeconomic conditions in the Company's markets and geographies; changes in foreign trade rules or treaties involving Mexico; and foreign exchange fluctuations, among others. 3Q26 Earnings Conference Call To join the conference call scheduled for October 21, 2026, at 9:00 a.m. (Mexico City time), please use the link below: http://webcast.investorcloud.net/gis/index.html
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7 3Q26 Earnings Release Investor Relations Arturo Morales ir@gis.com.mx www.gis.com.mx Annex – Consolidated Balance Sheet Millions of USD Grupo Industrial Saltillo, S.A.B. de C.V. CONSOLIDATED FIGURES Note 1: The change in the goodwill balance is attributable to foreign exchange effects. Assets Sep-26 Dec-25 Cash & Cash Equivalents 42 80 Accounts Receivable 156 121 Inventories 128 130 Other Current Assets 87 71 Current Assets 413 402 Property, Plant & Equipment, Net 436 463 Investment in Shares 19 18 Goodwill 164 178 Other Assets 210 201 Non-Current Assets 393 397 Total Assets 1,242 1,261 Liabilities Sep-26 Dec-25 Current Interest-Bearing Liabilities 37 22 Suppliers 187 188 Other Current Liabilities (Income Tax, Employee Profit Sharing, and Other Items) 131 116 Current Liabilities 355 326 Non-Current Interest-Bearing Liabilities 245 276 Tax Consolidation Liabilities 15 15 Other Non-Current Liabilities 55 69 Non-Current Liabilities 315 360 Total Liabilities 670 686 Total Shareholders’ Equity 572 575 Total Liabilities and Equity 1,242 1,261
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8 3Q26 Earnings Release Investor Relations Arturo Morales ir@gis.com.mx www.gis.com.mx Annex – Consolidated Income Statement Millions of USD Grupo Industrial Saltillo, S.A.B. de C.V. CONSOLIDATED FIGURES Note 1: Consolidated revenue and EBITDA figures include corporate effects and/or eliminations. Note 2: Most of the year-to-date increase in general expenses is attributable to exchange rate effects. Third Quarter Nine Months Ended September 30 2026 2025 Ch. % 2026 2025 Ch. % Revenue 267 249 7 816 752 8 Draxton 249 229 9 754 693 9 Cinsa 18 20 (10) 62 58 7 Cost of Sales 235 218 4 696 643 8 General Expenses 33 35 (6) 113 102 11 Other Expenses (Income), Net (4) (3) N/A (12) (9) 33 Operating Income 3 (1) N/A 19 16 19 Draxton 5 (1) N/A 20 15 33 Cinsa (2) 1 N/A (1) 1 N/A EBITDA 27 23 17 89 86 4 Draxton 28 22 27 88 82 7 Cinsa (1) 1 N/A 1 4 N/A Comprehensive Financing Result 6 7 (14) 20 20 0 Income Tax 1 (6) N/A (4) (10) N/A Net Income (Loss) (3) (2) N/A 2 5 N/A Non-Controlling Interest and Associates 0 1 N/A (0) 1 N/A Controlling Interest (Loss) (3) (1) N/A 2 6 N/A