2
Vehicle fleet in Mexico City Metropolitan Area more than doubled in one decade; ZMCDMX includes
• US$1.7 billion for service for 30 trains (17-year contract)
the capital and 18 State of Mexico municipalities
30 million
100
1824
200
1.4
1.1-18
426
0.6-1.3 720
1351
1682 3
1.5 150
Hong Kong
50
Santiago
0
Tokyo
81.6% Mexico
• 2,652 tons of CO2 reduction (until 2016) Source: Inegi El Economista, ciclo-ciudades, governmental reports
Toronto
0
159% ZMCDMX
296
2
2.6
4
3.5
2,608,659 motorcycles
Vehicle Increase (2005-2015)
Copenhagen
27,171,560 automobiles
of users did not use bicycles before joining Ecobici
• 36 million trips provided in six years
3.84-5.76
6
Amsterdam
60%
• 452 stations and 6,500 bicycles
2600
10 8
Early in 2010, Ecobici became one of the biggest bike-sharing programs in the world
US$9 budg
AVERAGE PRICE SINGLE-RIDE METRO TICKET 2017 COMPARED TO MONTHLY MINIM
vehicles registered in 2015 approximately were reached
Bike-Sharing System
New York
In 2015, Mexico City received from the Mexico-Chile Cooperation Fund Commission to keep promoting the use of bicycles.
1844
MX$3.5 billion
of the approved budget comes from revenues raised by a price hike on tickets (from 3 to 5 pesos implemented in December 2013).
• US$11.2 million annual expense for maintenance (tracks and stations)
The Most Expensive and the newest Metro Line in Mexico City
METROPOLITANS ARE MOTORIZED
the m and re the sy
42.3%
RS CIRC
S OF CA
8.53
LLIONS
5.5 MI
“Line 12”
Y ERY DA
G EV ULATIN
1550
0
base salary.
3
TRIPS
Rio de Janeiro
DAILY
1
London
35,000
| INFOGRAPHIC THE SHARED NETWORK — MILESTONES AND FORECASTS FOR POPULATION COVERAGE* 0 20 40 60 80 100 120
(million)
Percentage of total
14.5
7 n
70%
50%
nvestors: Stanley ucture, al Finance on (IFC), tructure CKD IM), co Fund, et placement (CDPQ), 15-2 and dalupe ments
7.9 56.1
32.2% 5.8 36.1
ch ar
18 20
M
The mobile broadband market grew 200 percent, jumping to 82.7 million lines in 2018 compared to 27.4 million in 2013
y
ar
nu
Ja
y
ar
nu
The market for fixed broadband grew 45 percent, to 17.7 million lines in 2018 compared to 12.2 million lines in 2013
y
ar
nu
Ja
the sky but adding new uses to their projects to offer
a nu
a unique value proposition. In a competitive market, the traditional commercial or corporate space requires
*Population percentages based on the INEGI 2010 census
TORRE REFORMA
TORRE MANACAR
• Developer: Fondo Hexa
• Developer: Pulso Inmobiliario
• Architect: Teodoro González de León
• Extras: Sky Lobby and Robotized parking spaces
• Certification: LEED Gold BD+C: Core and Shell v3 – LEED 2009
• Structural Engineer: Arup • Certification: LEED Platinum BD+C: Core and Shell v2 – LEED 2.0
Auditorium: 100-person capacity
innovation in the types of spaces offered. Location, location, location continues to be a top factor that makes
Ja
• Architect: LBR&A Arquitectos
• Extras: Sky Lobby Robotized parking spaces
Mexican real estate developers are not only reaching for
23 20
nu
22 20
a project successful, but developers are also reacting to
21 20
The elimination of National Long Distance (LDN) cuts mobile phone calling prices by 42 percent from 2Q13 to 2Q18
The total price of communications dropped by over 25 percent from June 2013 to June 2018, contrasting with a 21.3 percent increase in inflation
20 20
y ar
Ja ry
13.4
Ja
covered (million)
85%
95.4
78.6 11
Rural population
88.6%
99.5 14
tal t
population covered
DESIGNING A MIXED-USE SKYLINE
24 20
The drop in prices from 2015 to 2017 amounted to an estimated MX$133.7 billion in cumulative savings for end users, which equals half of ISSSTE’s annual budget or 3 times UNAM’s annual budget
PABELLON M
• Developer Proyectos
• Architect: Landa Arquitecto
• Auditorium: 100-person capacity
Investment
• Structural Engineer: Arup
US$100 million
the new rules of the game. 77
Height: Height:
M2 BUILT IN MEXICO PER SECTOR
Floors:
246m
NATIONAL INVESTMENT PER SECTOR
Commercial Space:
The penetration of fixed broadband increased 26.8 percent from 2013 to 2018 after stagnating at -2.5% average rate between 2011 and 2013
US$35.9 billion
44.7% Residential
40.9% Mixed-Use
28,868,423 m2
US$14.7 billion
25.9% Residential
22,445,320 m
US$9.3 billion
2
25,000m2
Office Space:
34.7% Mixed-Use
29
Commercial Space:
2,500m2
Total
Total
64.6 million m2
Floors:
140m
57
Office Space:
45,000m2
44,000m2
Investment
Total Construction:
US$130 million
180,000m2
What makes it successful?
What makes it successful?
What makes i
Torre Reforma broke the skyline with a sustainable
Torre Manacar brought the Insurgentes Sur Corridor
This mixed-us
and unique design. A 20th century INBA-protected
back to life with a mixed-use project that rekindled
traditional com
BUILDING CITIES 3.2% Corporate
4.5% Corporate
2,077,352 m2
The GDP contribution of the Telecommunications and Broadcasting sectors increased to an average of 2.4 percent in 2018 compared with 1.6 percent in 2013
US$1.6 billion
2.5% Industrial
4.3% Tourism
1,609,201 m2
US$1.5 billion
1.9% Tourism
1.0% Industrial
1,204,412m2
US$366.8 million
0.3% Infrastructure
FIVE YEARS AFTER THE CONSTITUTIONAL REFORM:
both commercial and office flames. The project
an auditorium
restored a community legacy, Cine Manacar, and kept
traffic. This d
location gave the office tower an edge and attracted
it as part of the project itself. Its anchor stores are
Monterrey do
the first Mac Store to Mexico, along with a 2,500m2
H&M and Cinemex, bringing a new value to the area.
traditional San
Sport City and a unique food court concept, thus
The project is surrounded by a variety of mobility
project restor
incorporating mixed-use elements.
choices making it a sustainable option for corporates.
corridor conne
0.4% Infrastructure
195,000m2
US$143.2 million
0.1% Hospital
EVOLUTION OF MEXICO'S SKYLINE (100m+)
0.3% Hospital
66,330m2
Congress is preparing an amendment to the Federal Telecommunications and Broadcasting Law to enable users to terminate their service plans without penalizations and for licensees to renew their concessions with no forced terms
house was moved to make way for the skyscraper.
Although not a strictly mixed-use construction, the
300
US$98 million
Torre Reforma 182m
200
62.3%
World Trade Center 172m
175
of buildings over 100m are located in Mexico City
Reforma 222 108.5m
150 125
INFRASTRUCTURE DATA 75
50
6 Zapopan
6 Puebla
3 Huixquilucan
25
LIGHT-VEHICLE SALES IN MEXICO'S MAIN EXPORT MARKETS (millions of units)
2012
2013
2011
2010
2008
2009
2007
2005
2006
2004
2002
o
IN Ca DCK
l In dig
Fund
s
pita
12,7 50
12,7 50
DE BT
uis se
Suis se dit
it S red
C
ES TA TE RE AL
0
Capital
S2 CK
EX
6 EX
GBM PMCPCK Prom
GBMECK 1,300
2,503
ne
psto
EXI
Marhnos
MM2C
K
FI acquarie M
ap
E IN PE L PI
DATPCK Atlas Discover STEPCC 16 Stepston ST e STEEPCC16-4 PCC Step 16-2 ston e Ste
41 N/A N/A N/A
cqu a
1,000
399
K
MHNOSCK 6 EXICK1
2,503
00
3,5
3,7 55
CI
F
EXICK EXI 2,255 INFRACK16 CKD Infrastructure 1,289
RC O
M
GB
RC O CB
K CIC
MC
NE
PIPELI
Sources: CONSAR, BMV, 414 Capital Inc
Be and Gr OCK ell OD O'Don
FIM
6,5
K IC BM
G
IGS
T
Th PR Q lig M nm e
A
ta el D CK los TA ol EL rr D sa na De ba K TUC r Ur l o ba Th K Glo IC ad AM ist K Am DC AN GR
F
50
G
BM
2C K GB M I2 ES CK
IC U A
V
ha
00
FIN
rt
0
P
FINSACK
a
th
10 ,0 0
K
l
9,0
3.54 3.71
5.04 4.97
W
XCK
WSM
AMBC VTX2CK
A
1
Ar
C
December
tia
November
en
October
E 13 D In UR14 CK CT K U 15 AC FR TR IN AS 16 FR 17 15 IN 18 7,2
re
tu
uc
r st fra
Amount Raised
M
2,44 0 2,10 Plan 0 2,0 THA CK G 1,7 00 Art S AVACK 1,6 95 ha 1,5 71 A IRENCK G 30 ava R T Ca H4 A pit CK ART a lig nm CI 15 HA ex -2 3C CK K A rth a Ca Ar pi th ta a lI
September
11 12
TICKER Name
K
PI IRA
M
IGS3CK PLAN ICK3 AR
2475
2C
RP
M
2,700
ud
3.42 3.67
7 8
3,046 2,705
FIN
K
PC
MR
— 2012 — 2013 — 2014 — 2015 — 2016 — 2017 August
3
4,0
3,300 3,095
Pr
Germany
70 4,3
India
00 00 5,0
F1
K
SC W
IN
-2
Japan
5,0
CC
SA
00
6,0
o
Un
13
US
X SM Fib W
2 1
ra
to al W
K TC
China
2C
0
0
7,0 n
K
3
9
R A
0
10
July
1 2
5 6
4
2
• MX$40.06 million in real estate
0
5 ITAL CAP ATE PRIV
9
June
0
1
2
3
4
5
• MX$52.12 million in infrastructure and energy projects
billion has been invested by Afores through 74 emissions of CKDs and CerPIs
Ma
IVCK
7
6
4
AFORES INVESTED
MX$146.9
3,900
DA
8
00
rie ICUA 3,4 DCK 15 PMCP I2 CK Promec 2,737
24.66 28.03
17.84 17.86
1CK
AA
icas
9
7
3
0
3,900
4,422 0 4,50
11
10
6
1
3,04 7
13
8
5
0
00
of
No answer
WHAT MAIN FACTORS WOULD INCREASE COMPANIES' COMPETITIVENESS?
K
Amer
81
1
app cor afor m MX$
12
K 15 2C K -I S 27 PLA 4C IG ha 1,5 TH Art AR 4 CK K13 88 5 IGS TC -R IGS 70 5 AR ertex 57 3 CK V S 55 IG ERTXCK 513 V N/A
Dependence on the US
50%
2,7
2,6
4
5
Other
K XC EX
te ty
K
4,082
NEXX6C
ericas
Am overy
10
1C
3,28 2 3,282
FFLA1CK
FFLA2CK
PMIC LATAM
very Disco
-2
FFLA
FFLA4CK
Nexxus
K 15
1CK
TAM
Disc
N
New product / service development
40% 43.4
15
AG
IV
ss
ABJCK Abraaj 15 106 615 K Latin Idea LATINC 950 SCK DALU 1,000 Capital K 1 LA3C Dalus 1,16 FF K 17 TAM 1,4 EXC IC LA DM 30 PM 1,5 CK A MX ery 00 MIF CK cov X Dis 2,0 37 EM x tlas CK me 2,0 A 1 Wa X ON 63 K AC 2, TC DA
Market diversification
30%
L CCK L IVCK
ea
EM
29.3
20
FF
Id
20%
25 Technology
17.5 15.8
PB
a
Ide
Cro
LATA M
PMIC LATAM
2015 2016
6 2,8 4 SC CK Abra 80 GC 2,8 aj K 80 AB PMIC 2,9 JC
PMIC LA
LARGEST VEHICLE MARKETS (millions of units) 30
ern
ge
ga te
Human capital
21.3
atin
uth
rid
rth
at in
9.6 10%
on Ac
11.9
31.03 4.4
L
So
eB
No
L
s xu ex
2.7
12.5
K
N
11.4
15.7
l
NC
Pin
r ve co
10%
countries
15.7
17.9
K ail Ca brid pit ge B BCCK al lac kC re F ek P FLA3 MIC CK LA TA M
ta
28.8
AC
O N S SBCC
pi
Dis
20.6
G G AIA ai a Ca
s
20%
la At
Other
29.3
ACO
LIGHT-VEHICLE EXPORTS BY COUNTRY
Latin America
39.1
30%
Asia
K IIC te PE ga G h N ort N
Europe
40%
50%
Other
y s
77.1% US 8.9% Canada 2.9% Germany 1.8% Colombia 1.7% Brazil 1.4% Argentina 0.7% Chile 0.4% China 0.4% Puerto Rico 0.3% Peru 4.4% Other
WHERE DOES MEXICO HAVE THE BEST POTENTIAL TO DIVERSIFY ITS EXPORTS?
ALS Alsis ISCK
attractive to Afores?
Cre
subsectors within the infrastructure industry are most
invest more and more in the infrastructure industry, and
CSMRTCK Credit Suisse
regulatory framework for Afores has allowed them to
C
▲ 0.72 ▲ 0.82
E
CK
▲ 0.59
g new operations.
CS
Argentina
gate
Brazil ▲ 22.48 ▲ 1.98 ▲ 1.99
in the future. But with more flexibility to invest, which
PMCAPC
ty from the government
Afores with more flexibility to invest in bigger projects
infrastructure or real estate. Throughout the years,
ecap
s for Mexico’s executives,
from 35 percent to 100 percent, which will provide
the country’s infrastructure gap, whether in public
ap
ability and a strong local
in a Fibra or CKD in a single issuance will be increased
funds that can now access funds from Afores, to bridge
North
must also address some
2017, CONSAR announced that the limit Afores can invest
CerPIs are gaining popularity among developers and
Promec
23
for its projects. Structured vehicles such as CKDs and
K
US ▲ 17.48 ▲ 17.54 ▲ 16.75
will become more active in years to come. In September
3,500
However, to increase its
shrinks, the sector is looking to the BMV to obtain money
LIN
ALTU ALTUMMCK
with new instruments such as Fibras and Fibra Es, they
As the Federal budget for infrastructure development
PIPE
ICK
▲ 3.46 ▲ 3.63 ▲ 3.77
PENSION FUNDS TO THE RESCUE
*Annualized data
NGCF
Germany
Source: LBR&A, Pulso In
INFOGRAPHIC
▲ 2015 ▲ 2016 ▲ 2017*
▲ 1.95 ▲ 2.02
4,00 0
▲ 1.90
Number of completions
NXCERPI Nexxus Capital
Canada
2003
1952 1954 1956 1958 1960 1962 1964 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998
• Tallest project
2001
0
81 Mexico City
2000
Source: IFT, Altán Networks, INEGI
14 Monterrey
Torre Virreyes 130m
Capital Reforma 108.5m
100
2 Tijuana
K1
PROMTEL leases 90MHz of the 700MHz band Telecomm contributes 2 optic fiber threads
225
GEOGRAPHIC DISTRIBUTION (Buildings above 100m)
By January 2022 The Telecommunications and Broadcasting Reform’s the shared main objective was to increase market competition in the sector. network is After five years, several players have entered the market but America Mobile continues to hold twoexpected to cover thirds of the market share 100% of Pueblos Mágicos, a total of 111
Torre Mayor 225m
Torre Ejecutiva PEMEX 211m
250
IC
phase’s goal 30 percent opulation Pueblos is exceeded, g 32 percent e of the pulation, or on people, g 5.8 million areas and Pueblos
21.2
Torr Reform 246
275
THROUGH TRANSPARENT The Ministry of Communications and Transport takes part through:
The Shortcomings
*According to ADI Associates
8, 50
While the project is entirely designed, deployed, operated and maintained by the private sector through the awarded consortium, the PPP considers a public contribution:
US$8.2 billion
I
The Accomplishments
THE PUBLIC COMPONENT:
22.8% Commercial
8,174,746 m2
18 20
12.6% Commercial
2015
92.2%
103.5
2014
Number of Pueblos Mágicos covered Total population covered