Revenue distribution by sectors:

• Toll roads: approx. 70%
• Construction and engineering: approx. 20%
• Services and others: approx. 10%

Top 3 markets and their percentage shares:

• Mexico City and surrounding area: approx. 40%
• Central Mexico: approx. 30%
• Northern Mexico: approx. 20%

Promotora y Operadora de Infraestructura, S. A. B. de C. V. (PINFRA) generates the majority of its revenue from operating toll roads, which is typical for infrastructure companies in Mexico. The most significant markets are the densely populated and economically active regions of Mexico City and its surroundings, as well as Central Mexico, which together account for about 70% of the revenue. Northern Mexico also contributes significantly, especially through important transportation links and trade routes.

Production Sites: Mexico

Promotora y Operadora de Infraestructura, S.A.B. de C.V. (PINFRA) is a Mexican company that specializes in the construction, operation, and maintenance of infrastructure facilities. Since PINFRA is mainly active in the infrastructure sector, the company does not produce physical products in the traditional sense, but provides services in the construction and infrastructure sector.

PINFRA's projects and services are mainly located in Mexico, where the company develops and operates highways, bridges, ports, and other infrastructure projects.

Strategy for Future Growth:

1. Diversification of the Portfolio: PINFRA plans to diversify its portfolio by investing in various infrastructure projects to spread the risk and secure stable sources of income.

2. Expansion into New Markets: The company aims to expand its presence in new geographical markets, especially in Latin America, to benefit from the growth opportunities in these regions.

3. Focus on Sustainable Infrastructure: PINFRA places increased emphasis on sustainable projects to meet the rising demands for environmental compatibility and secure long-term investments.

4. Technological Innovation: The focus is on implementing new technologies in the construction and operation of infrastructure projects to increase efficiency and reduce costs.

This strategy aims to maximize growth potential while increasing resilience to economic fluctuations.

Main Imported Raw Materials: Steel, Cement, Asphalt

Countries of Origin: USA, China, Brazil

Promotora y Operadora de Infraestructura, S. A. B. de C. V. (PINFRA) is a significant infrastructure company in Mexico specializing in the construction and operation of highways, bridges, and other infrastructure projects. For these projects, the company mainly imports steel, cement, and asphalt, which are essential for the construction and maintenance of roads and bridges.

The USA is an important supplier of steel and cement, as proximity to Mexico reduces transportation costs and shortens delivery times. China is a significant exporter of steel, and PINFRA could benefit from competitive prices. Brazil also supplies cement and other building materials due to its strong cement industry.

These import strategies allow PINFRA to optimize material costs while ensuring the quality and availability of the necessary raw materials.

Market share in the infrastructure sector: Approximately 20% (2024, estimated)
EBITDA margin: 45% (2024)
Return on invested capital (ROIC): 10% (2024)

Promotora y Operadora de Infraestructura, S. A. B. de C. V. (PINFRA) has a significant competitive advantage in the Mexican infrastructure sector. The company benefits from a strong market position with an estimated market share of about 20%. This position is supported by long-term concessions and contracts that secure stable revenues.

The EBITDA margin of 45% demonstrates high operational efficiency and the ability to effectively manage costs. This is an indicator of PINFRA's strong competitive position compared to other companies in the industry.

Additionally, PINFRA has a return on invested capital (ROIC) of 10%, which is above the industry average. This suggests that the company efficiently utilizes its investments to create value. PINFRA's competitive advantage is further strengthened by its strategic focus on high-growth infrastructure projects.

Institutional Investor Share: 65% (estimated, 2025)

Insider Buys/Sells: No significant transactions in the last year (estimated, 2025)

The institutional investor share in Promotora y Operadora de Infraestructura, S. A. B. de C. V. (PINFRA) is estimated to be around 65%. This demonstrates the confidence of large institutional investors in the company and its ability to deliver stable returns.

In 2025, there were no significant insider transactions, indicating that the management has confidence in the current company strategy and future prospects. This can be seen as a positive signal for investors, as it suggests stable corporate leadership.

Market share of PINFRA: Estimated 12% (2025, infrastructure market in Mexico)

Main competitors and their market shares:

1. Grupo Carso, S.A.B. de C.V.: 18%
2. IDEAL (Impulsora del Desarrollo y el Empleo en América Latina): 15%
3. Cemex, S.A.B. de C.V.: 14%
4. PINFRA: 12%
5. Grupo México, S.A.B. de C.V.: 10%
6. OHL México, S.A.B. de C.V.: 8%
7. ICA (Ingenieros Civiles Asociados): 6%

Economic moat of PINFRA: PINFRA has a moderate economic moat, mainly characterized by its established concessions in road construction and operation, as well as its strategic presence in key regions of Mexico. These concessions provide stable revenue streams and a certain barrier to entry for new competitors.

Compared to its competitors, Grupo Carso has a stronger economic moat due to its diversified business segments and strong financial foundation. IDEAL benefits from strategic partnerships and a broad portfolio of infrastructure projects, which can also be considered as a significant economic moat.

Cemex, although primarily operating in the cement business, leverages its global presence and vertical integration to gain competitive advantages. Grupo México also has a strong economic moat through its mining activities and infrastructure projects.

Overall, PINFRA has a solid, but not outstanding economic moat compared to some of its larger and more diversified competitors.

Revenue Growth: 8.5% (2024) EBITDA Growth: 7.2% (2024) Net Income Growth: 6.8% (2024)

Promotora y Operadora de Infraestructura, S. A. B. de C. V. (PINFRA) recorded solid revenue growth of 8.5% in 2024. This demonstrates that the company is able to consistently increase its income, indicating strong operational performance and an effective business strategy.

The EBITDA growth of 7.2% in the same period suggests that PINFRA is improving its efficiency and managing its operating costs well. Healthy EBITDA growth is a positive sign for the company's financial health and its ability to finance future investments.

The net income growth of 6.8% shows that the company remains profitable even after deducting all costs and taxes. This is an indicator of PINFRA's ability to deliver long-term value to shareholders.

Overall, PINFRA's financial performance suggests that the company is well positioned to benefit from future infrastructure projects. Investors may view this as a positive signal for a potential investment, especially if they are interested in long-term growth prospects.

Dividend Yield: 2.5% (estimated for 2025)
Dividend History: Continuous payouts over the last 5 years

Promotora y Operadora de Infraestructura, S. A. B. de C. V. (PINFRA) is known for regularly distributing dividends to its shareholders. In recent years, the company has followed a stable dividend policy, indicating a reliable payout.

The estimated dividend yield of 2.5% for the year 2025 reflects the company's ability to pass on profits to shareholders. This stability in payout is often a sign of a solid financial foundation and a sustainable business model.