Quarterly Report

O p e r a t i n g & F i n a n c i a l R e s u l t s : T h i r d Q u a r t e r 2 0 2 1

Grupo Posadas, S.A.B. de C.V. & Subsidiaries

Mexico City, October 26th, 2021.

Information presented with respect to the same quarter of previous year under IFRS accounting standards (figures in MXN):

• The COVID-19 pandemic has required us to continue operating our hotels in accordance with the provisions of federal and state epidemiological traffic lights, with limited services in accordance with the capacity restrictions determined by health authorities.
• In 3Q21, revenues reached $1,921 million, representing a 66% increase QoQ.
• 3Q21 EBITDA was $575 million, reflecting the application of IFRS 16, which went into effect on January 1, 2019.
• Reached agreement with a group of bondholders of its "7.875% Senior Notes" maturing in 2022.
• Sale of the project under development in the Riviera Maya for a net US$57 million.
• Prepayment made on October 8 of the GBM $450 million loan.
• Cash available as of September 30, 2021 of $2,166 million (equivalent to US$107 million), $146 million in restricted cash.

Million pesos as of	3Q21		Var.
June 30, 2021.	$		%	YY %
Total Revenues	1,921.4		100	66.1
EBIT	387.0		20	na
EBITDA	575.2		30	na

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Based on the new methodology of the epidemiological traffic light related to COVID-19 in Mexico, as of the date of issuance of this report, and from October 17 to October 31, 2021, one state is in orange, eleven in yellow and twenty-one in green. Before this latest update, only one of the states of Mexico has allowed the total use of the facilities and services of the hotels.

During 3Q21, despite the third wave of COVID -19, the earthquake in the center of Mexico and an intense period of rain during the month of September, our results were similar to those of the prior quarter, mainly in coastal hotels. The occupancy in urban hotels continues to be lower than in previous years, with low demand for rooms and other services, since the majority of corporations continue to operate remotely, directly impacting business trips. The average occupancy in urban hotels was 51%. In the metropolitan areas where 40% of the inventory of rooms is offered, occupancies were at 44%, while in coastal hotels they were at 66%. As a result of the aforementioned restrictions

on occupancies and low demand in some segments, the RevPAR (Revenue per Available Room) had a 41% decrease in urban hotels, compared to the same period in 2019, prior to the COVID-19 pandemic.

As of September 30, 2021, the balance of the vacation club receivables portfolio was $6,057 million, a similar amount to that of the same quarter of the previous year.

As part of the reorganization of the hotel portfolio, during the quarter we opened the following hotels:

• Dos Patios Querétaro by Curamoria Collection, franchised contract with 20 rooms;
• One Saltillo Airport, managed contract with 139 rooms;
• One Chihuahua Norte, managed contract with 126 rooms;
• Pug Seal by Curamoria Collection, franchised contract with 26 rooms; and

Investor Relations:	Gerardo de Prevoisin	Atziri Medina
	Tel.: [phone]	[e-mail]
	[e-mail]

• The reopening of the One Coatzacoalcos Forum hotel, managed contract with 126 rooms.

Additionally, we discontinued leasing the Grand Fiesta Americana Puerto Vallarta hotel and ended the management contracts for two hotels under construction in the Riviera Maya.

On August 17, Grupo Posadas announced the agreement with a group of bondholders of its "7.875% Senior Notes" maturing in 2022, in order to achieve a capital structure that will support the business moving forward. This financial agreement implies a reduction in debt service and the extension of its term to expire in December 2027, allowing the prioritization of the use of cash for operational activities, preservation of jobs and maintaining the service standards of our brands. To implement this financial solution efficiently, Grupo Posadas and its subsidiary Operadora del Golfo de México, S.A. de C.V. [today] commenced "prepackaged" in-court restructuring proceedings in the U.S. by filing voluntary Chapter 11 petitions in the U.S. Bankruptcy Court. Given that the Company has already obtained the necessary support from noteholders, of those voting having voted in favor of the Company's Plan of Reorganization (the "Plan"), it is expected that the process will be completed within approximately 60 days. Both the Board of Directors and shareholders have approved the terms of the restructuring and the implementation mechanism described.

After the application is submitted, day-to-day operations will continue normally and without interruption, using cash from ongoing operations. The company will continue to meet its obligations with its employees, guests, clients, agencies, members of our vacation and loyalty programs, suppliers, business partners, and shareholders. The plan, does not contemplate a restructuring of liabilities other than the "7.85% Senior Notes due in 2022", so that debts other than these,

such as the supply of goods and services that occurred before or during the Chapter 11 procedure will be paid in full in the ordinary course or satisfied in any other way.

Once the judicial approval of the plan is obtained, the current Senior Notes will be exchanged for new Senior Notes, which will have real estate and accounts receivable of the Company as collateral and other subsidiaries as guarantors.

On September 29, through a relevant event, Posadas announced that it had sold its 12.5% stake in the investment trust of the Rivera Maya project under development. In return, the Company received a sum of US$57 million for the investments that Posadas had contributed to the project (net of Value Added Tax); in addition to the reimbursement of payments previously made. This transaction is part of the hotel portfolio reconfiguration process that will enable Posadas to focus on operations that generate greater value and is aligned with the financial flexibility strategy implemented in recent months.

On October 11, 2021, the company announced that the prepayment of the $450 million GBM loan drawn in March 2021 had been made, which released Fiesta Americana Reforma and Fiesta Americana Guadalajara hotels as collateral.

Finally, we have been informed by the external audit firm Galaz, Yamazaki, Ruiz Urquiza, S.C., that the C.P.C. Carlos Torres Villagómez, partner of the firm, has been assigned to take charge of the external audit of the consolidated financial statements of the company as of December 31, 2021, as Independent External Auditor.

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Investor Relations:	Gerardo de Prevoisin	Atziri Medina
	Tel.: [phone]	[e-mail]
	[e-mail]

> Hotel Development

We end the quarter with a total of 185 hotels and 28,690 rooms in more than 60 destinations.

Openings LTM	No. of Rooms	Type of Contract
Gamma Acapulco Copacabana	431	Managed
Live Aqua Beach Resort Punta Cana	347	Managed
Ilo Rojo San Miguel de Allende	30	Franchised
Casa de la Marquesa Querétaro	13	Franchised
Dos Patios Querétaro Curamoria	20	Franchised
One Coatzacoalcos Fórum	126	Managed
One Saltillo Aeropuerto	139	Managed
One Chihuahua Norte	126	Managed
Pug Seal Curamoria collection	26	Franchised
Total	1,258

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> EBITDA

EBITDA in the third quarter was $575 million, while in the same quarter of the previous year it was negative $55 million.

> Comprehensive Financial Results

At the end of the quarter (LTM), the net coverage ratio was marginally positive, considering the effect of IFRS 16.

The exchange loss in the 3Q21 was $235 million (including leases), as a result of the MXN / USD depreciation of 2.5% versus previous quarter.

Concept	3Q21	3Q20	2021	2020
Interest Income	(5,006)	(2,740)	(12,824)	(21,518)
Accrued interest	198,608	183,505	579,079	545,959
Exchange (gain) loss, net	189,068	(153,276)	155,855	960,606
Exchange (gain) loss, from lease payments	46,350	(51,516)	33,914	375,176
Accrued interest from lease payments	81,646	100,768	272,823	302,925
Other financial costs (products)	17,517	17,754	52,550	53,262
Other financial expenses	3,496	1,966	11,390	9,640
Total	531,678	96,461	1,092,786	2,226,050
Figures in thousands of pesos

> Net Majority Income

As a result of the above, net income in the quarter was $34 million, while in the third quarter of previous year it was a $264million loss due to the reduction in revenues. In 9M21 a net loss of $398 million was recorded of which $190 million are due to exchange loss.

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