SERVICIOS CORPORATIVOS JAVER, S.A.B. DE C.V.

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1 BOLSA MEXICANA DE VALORES, S.A.B. DE C.V., INFORMA: CLAVE DE COTIZACIÓN RAZÓN SOCIAL LUGAR JAVER SERVICIOS CORPORATIVOS JAVER, S.A.B. DE C.V. Monterrey, Nuevo León ASUNTO JAVER REPORTS ITS RESULTS FOR THE FOURTH QUARTER 2015 AND FULL YEAR EVENTO RELEVANTE Monterrey, Nuevo Leon, Mexico - February 18, Servicios Corporativos Javer S.A.B. de C.V., (BMV: JAVER) ("Javer" or "the Company"), one of the largest housing development companies in Mexico, today announced financial results for the fourth quarter ("4Q15") and full year ("FY15") periods ended December 31, All figures presented in this report are expressed in nominal Mexican pesos (Ps.), unless otherwise specified. 4Q15 and FY15 Highlights: - Units sold reached 4,874 in 4Q15, compared to 4,520 units in 4Q14, as new developments launched during the first nine months of 2015 ramped-up during the quarter. For FY15, homes titled remained relatively comparable with 2014 with 18,565 units, up 0.2% from 18,525 reported in FY14. - Net Revenues increased 17.7% to Ps. 1,872.5 million in 4Q15 from Ps. 1,590.4 million in 4Q14; For FY15, revenues increased 6.6% to Ps. 6,458.9 million from Ps. 6,056.8 million in FY14. In both periods sales mix enhancement with a greater focus on the middle income segment drove revenue growth. - EBITDA grew 38.1% to Ps million in 4Q15 and 3.7% to Ps million in FY15 as a result of the improvement in the housing sales mix and greater sales of commercial lots; both factors helped offset the extraordinary expenses from our IPO process and the higher housing costs related to the new rules for Infonavit loan origination. - Net Result increased to Ps million in 4Q15 and decreased to Ps. (306.3) million in FY15. The decline was mainly due to non-cash charges in interest expense of Ps million. This result was driven by foreign exchange losses related to our US dollar denominated debt. Income loss per share was Ps. (1.67) and Ps. (0.59) for FY15 and FY14, respectively. - FCF increased to Ps million compared to Ps million in 4Q14; for FY15 the Company ended with positive free cash flow of Ps million compared to Ps million in FY14. - Debt Repurchase. During 2015, the Company repurchased and cancelled US$ 25.1 million in face value of its outstanding 2021 Notes. CEO STATEMENT Mr. Eugenio Garza, Javer's Chief Executive Officer commented, "Our fourth quarter performance was mostly driven by our reaching of an important milestone we had set out to achieve for some time. During the quarter we began titling in 3 new developments bringing the 2015 total to 15 openings out of 17 that we set out for at the onset of the year (the 2 delayed developments are scheduled to start in 1Q16). Moreover the new developments not only helped us offset volume lost from depleted developments but also helped us increase our average sales price by 8.1% as compared to 4Q14, as well as diversified our product and geographic portfolio of properties to be better able to withstand changes in demand or policy. It is Bolsa Mexicana de Valores S.A.B. de C.V. 1

2 amazing to see how 59% of 4Q15 units come from developments started in 2014 or later as compared to 45% in the 4Q14. This shift in mix and development diversification within the context of an industry leading working capital cycle, high ROIC, and positive free cash flow generation is by far one of the greatest achievements that our team has been able to deliver. During the early part of 4Q we continued to experience little movement in the subsidy 'queue' in most of the states in which we operate. However during the early part of December, due to budgetary reallocations amongst states, we were able to title a relatively decent amount of sales from the subsidy 'queue' hence the slight uptick in subsidy sales for the quarter. Overall subsidy sales were down for the year as a result of our increased focus on the middle income segment and a marginally lower overall subsidy budget versus For 2016, as we mentioned in our 3Q release, the government has approved a Ps. 9.6 billion subsidy budget (down only 13% from Ps granted in 2015). Although, there was little movement in the subsidy queues in the month of January, we did see a significant assignment of the pipelined queue during the first couple of days in February. It is still unclear whether subsidy assignment will be on a more 'continuous' basis while the budget permits as we saw in 2015, or if we will see a more 'discrete' assignment on a monthly basis allocated on a state-by-state and program-by-program basis as we have seen so far in For now, we have adjusted our inventory position and sales mix strategy appropriately to account for a less continuous flow of subsidies than we have seen in the past. On the strategic front, we also took a couple of important steps during the quarter. First and foremost, we began work on a new development in Mexico City through a joint venture with Welt, one of the most respected local developers. Through this venture we are building a 4-story apartment complex with 16 units in the Letran del Valle area, which will sell for an average price of Ps. 3.7 million. We expect to title all 16 units by the end of 2016 with an extremely attractive ROIC profile and a relatively low amount of capital at risk. Our partnership with Welt allows us to minimize the cash cycle, as the project already had all necessary permits to begin operations. We are looking at a few more similar opportunities in the Welt pipeline, which could further help diversify our product and geographic offering. Secondly, and more on the cost side, during the quarter we began the operation of concrete plants, also through a JV partnership with an experienced Mexican operator. The partnership allows us to defray the capital outlay for the plants and amortize the setup costs on a per cubic meter basis with any excess capacity being sold in the merchant market by our partner. The plants in operation represent around 45% of our concrete consumption expected in 2016 and will allow us to reduce our costs by around 12% per cubic meter, even after accounting for the recent price increases announced by the major cement companies. Finally, on the balance sheet side, on January 12, 2016, we were able to successfully complete a Ps. 1.8 billion primary initial public offering. We are now very proud to be a publicly-listed company on the Mexican Stock exchange. We used 100% of the net proceeds of the IPO plus excess cash on our balance sheet to repurchase US$ 136 million in notional amount of our 2021 Notes. Furthermore, we have now essentially eliminated all FX exposure on our remaining debt by hedging the entire principal amount of the remaining notes and the coupons for the next 3 years. Our new capital structure with significantly lower interest payments will allow us to start paying a quarterly dividend through a stated policy, which will be proposed to our board and shareholders at our next meeting in April. We would expect that dividends represent a major part of free cash flow generation for the foreseeable future. We are working diligently to complete the refinancing of our balance sheet through the issuance of a peso-denominated credit line facility to completely take out the notes and further reduce our funding costs and enhance our dividend payment capabilities. It is important to mention that completing the IPO, especially in an environment in which no other IPOs were priced in the Americas during the month of January, was an important accomplishment. Moreover, we see the IPO as just one more step in our never ending quest to deliver value to all our stakeholders, now through a combination of not only interest payments, but also dividends derived from the new capital structure. Operationally, we will accomplish this by continuing to focus on what we have always done: best-in class working capital management, focus on pre-tax ROIC, and a flexible management and decision making culture to continue to drive results". Bolsa Mexicana de Valores S.A.B. de C.V. 2

3 UNITS SOLD AND NET REVENUES Units Sold: 4,874 units were sold in 4Q15, representing an increase of 7.8%, compared to 4,520 in 4Q14. Residential and middle income segments grew by 115.8% and 19.6%, respectively, while the AEL segment declined 26.4%, compared to 4Q14. Middle income homes represented 59.5% of total units sold and 49.6% of total revenues in 4Q15; while AEL units represented 27.1% of total homes titled and 16.5% of total revenues during the same period. For the full year 2015, units titled increased 0.2% to 18,565 units from 18,525 in FY14. Middle income units represented 62.0% of total homes titled and 55.8% of total revenues. AEL units comprised 30.3% of total units sold and 20.1% of total revenues. For FY15, 14.4% of the middle income units were sold with a subsidy compared to 11.1% in FY14. Commercial lot sales rose 44.2% to Ps million in 4Q15 from Ps million in 4Q14. In FY15 commercial lot sales increased 38.5% to Ps million from Ps million in FY14, as a result of a higher number of large lots available for sale given the maturity of developments and a greater number of plots of raw land acquired last year. Prices: The average home sales price increased 8.1% in 4Q15 to Ps thousand from Ps thousand in 4Q14. The average overall price also improved 5.6% in the FY15 to Ps thousand, from Ps thousand in FY14. The pick-up in the average sales price in both periods was due to a better sales mix and an increased focus on the middle income and residential segment. Mortgage Provider Mix: Infonavit continued to be Javer's primary mortgage provider. During 4Q15 Infonavit represented 93.2% of total units titled (including Cofinavit) as the unit sales mix improved, the Company captured a higher proportion of bank loans. For FY15, Infonavit provided loans for 96.1% of the total units titled. Subsidies: During 4Q15, subsidies represented 19.7% of total units sold, compared to 59.5% in 4Q14. Vertical housing absorbed 40.7% of the total subsidies during the period compared to 21.6% in 4Q14. During the FY15, 45.1% of units titled were sold with a subsidy compared to 55.5% in FY14. Vertical homes represented 29.9% in FY15 compared to 33.3% in FY14. Since June 2014, the 5 minimum wage subsidy program has been operating. During 4Q15, 3.5% of the total units sold were titled with subsidies coming from this program and 8.9% of the units during the FY15. GROSS PROFIT / MARGIN Gross Profit increased 27.2% to Ps million in 4Q15 from Ps million in 4Q14, mainly due to the enhanced sales mix with a substantial sales increase in middle income and residential units, as well as through higher commercial lot sales. Due to the same effect, in FY15 gross profit increased 6.4% to Ps. 1,775.0 million compared to Ps. 1,668.4 million in FY14. Gross Margin increased 2.3 percentage points in 4Q15 to 30.8% compared to 28.6% in 4Q14 and remained flat at 27.5% in FY15. The improvement in sales mix and the higher commercial lot sales offset the impact of higher costs related to the new rules for Infonavit loan origination. Bolsa Mexicana de Valores S.A.B. de C.V. 3

4 EBITDA / MARGIN Selling, General and Administrative Expenses increased 11.2% in 4Q15 to Ps million from Ps million in 4Q14 and 10.6% in FY15 to Ps million from Ps million in FY14. This increase is primarily due to higher sales commissions in line with volume growth during the quarter, as well as a higher number of personnel derived from the consolidation of certain locations, along with the fees paid for our IPO process. EBITDA grew 38.1% to Ps million in 4Q15 and 3.7% to Ps million in FY15, as a result of the improvement in the housing sales mix and greater sales of commercial lots; both factors contributed to offset the extraordinary expenses from our IPO process and the higher housing costs related to the new rules for Infonavit loan origination. COMPREHENSIVE COST OF FINANCING Net Result increased to Ps million in 4Q15 and decreased to Ps. (306.3) million in FY15. The decline was mainly due to non-cash charges in interest expenses of Ps million. This result was driven by foreign exchange losses related to the US dollar denominated debt. Income loss per share was Ps. (1.67) and Ps. (0.59) for FY15 and FY14, respectively. Comprehensive Income, which includes MTM gains and losses on derivatives to hedge the coupons of the foreign exchange exposure on debt, decreased to Ps. (40.3) million in 4Q15 and Ps million in FY15. ASSETS / LIABILITIES Cash and cash equivalents were Ps. 1,135.6 million as of December 31, WORKING CAPITAL As of December 31, 2015, Javer maintained a working capital cycle of 310 days, similar to 311 days reported in December 31, Despite the increase in its work in progress inventory compared to 2014; the effect was offset by greater partnerships with suppliers and the improvement in collection. FREE CASH FLOW A normalized level of expenditure in land purchases during 2015, compared to 2014, drove Javer's FCF growth during both periods. In 4Q15 the Company reported positive free cash flow of Ps million compared to Ps million in 4Q14; and for the FY15, the Company ended with positive free cash flow of Ps million compared to Ps million in FY14. DEVELOPMENT PIPELINE Home Starts increased 35.7% to 4,516 units in 4Q15, compared to 3,329 in 4Q14, as the Company started 15 developments in 2015 that will be running at full pace during 2016 and the ramp-up in the construction of 4 new developments for 1Q16. Home Completions in 4Q15 increased 12.5% to 4,942 units from 4,393 in 4Q14; in line with the construction spend in the quarter. Finished Home Inventory increased to 2,046 units as of December 31, 2015 compared to 1,978 units reported in 3Q15, as home completions impacted the replenishment of Javer's finished home inventory. LAND RESERVES As of December 31, 2015, the Company's total land bank reached approximately 107,494 units, of which approximately 69% were owned land reserves and 31% were held through land trust agreements. DEBT AND DERIVATIVES EXPOSURE Bolsa Mexicana de Valores S.A.B. de C.V. 4

5 As of December 31, 2015, Javer continued to possess available credit facility lines in excess of Ps million. These credit lines could be used at any time as long as Javer is in compliance with its bond incurrence covenants. Javer maintained derivative positions to hedge its currency exposure related to the 2021 Note coupons. As of December 31, 2015 the weighted hedge was 3.0 years and Javer will include additional hedges to be in line with its hedging strategy. As of December 31, 2015, the Company possessed US$ 23 million in available credit lines from derivative counterparties to finance any potential negative carrying values on the Company's derivative contracts. As of December 31, 2015, Total Debt / LTM EBITDA reached 4.68x; Net Debt to EBITDA was 3.47x; EBITDA interest coverage reached 1.88x RECENT EVENTS On January 12, 2016 the Company completed its Initial Public Offering. Javer was able to allocate 94,801,550 shares among investors, which is equivalent to 34% of the Company's outstanding shares. The shares were priced at Ps each obtaining net proceeds of Ps. 1,747.9 million. Javer's total amount of outstanding shares is 278,540,411. On the same date, the Company unwound a portion of its derivative positions, which covered the interest payment of US$ 161 million of the Senior Notes outstanding, for which Javer obtained Ps million. The Tender for our 2021 Notes launched on December 18, 2015 became effective on January 19, 2016, in which US$136 million of the Senior Notes outstanding were repurchased. The pro-forma effects of the transactions mentioned above are presented in the following Consolidated Statement of Comprehensive Income as of December 31, 2015: 2015 Proforma Assets Current assets: Cash and cash equivalents468,093 Total current assets5,770,131 Derivative financial instruments196,156 Total assets7,532,652 Liabilities and stockholders' equity Current liabilities: Interest payable59,906 Total current liabilities1,628,079 Long-term debt 2,538,629 Total liabilities5,298,306 Stockholders' equity: Capital stock151,596 Additional paid-in capital1,696,313 Retained earnings252,670 Other comprehensive income items133,767 Total stockholders' equity2,234,346 Total liabilities and stockholders' equity7,532,652 Servicios Corporativos Javer S.A.B. de C.V. cordially invites you to its Bolsa Mexicana de Valores S.A.B. de C.V. 5

6 Fourth Quarter 2015 Conference Call & Webcast Presentation Friday, February 19, :00 a.m. New York Time 10:00 a.m. Mexico City/Monterrey Time Presenting for Javer: Mr. Eugenio Garza, Chief Executive Officer Mr. Felipe Loera Reyna, Chief Financial Officer To access the call, please dial: 1(800) from within the U.S. 1(334) from outside the U.S. Passcode: 2366 To access the live and archived webcast presentation, visit: A replay of this call will be available for 30 days. To obtain the replay, please call: 1(877) from within the U.S. 1(334) from outside the U.S. Passcode: About Javer The Company is the largest housing development company in Mexico regarding the number of units sold through the Infonavit lending system in 2015, according to the Report of loans granted by developer published in Infonavit's website (Reporte de créditos por oferente). The Company has presence in the states of Nuevo León, Jalisco, Querétaro, Estado de México, Aguascalientes, Quintana Roo, Tamaulipas, and recently in Mexico City. The Company offers three housing segments in terms of cost: (i) affordable entry level (AEL), (ii) middle income and (iii) residential housing. As of December 31, 2015 revenues from AEL segment were Ps. 1,301.1 million, middle income segment of Ps.3,601.8 million and residential segment of Ps.1,337.9 million; which represented 20.1%, 55.8%, 20.7% of total revenues, respectively. As of December 31, 2014 revenues from AEL segment were Ps.2,106.9 million, middle income segment of Ps.2,882.1 million and residential segment of Ps million; which represented 34.8%, 47.6%, 15.0% of total revenues, respectively. As of December 31, 2013 revenues from AEL segment were Ps.1,930.5 million, middle income segment of Ps.2,690.4 million and residential segment of Ps million; which represented 35.6%, 49.6%, 12.8% of total revenues, respectively. Disclaimer This press release may include forward-looking statements. These statements relate to projections, future developments and business strategies and can be identified by the use of terms and phrases such as "anticipates," "believes," "can," "will," "estimates," "expects," "prevents", "intends", "pretends", "may", "plans"," predicts", "projects", "aims", "strategy" and similar terms and phrases, and may include references to assumptions. These forward-looking statements include, without limitation, those regarding the Company's future financial position and results of operations, the Company's strategy, plans, objectives, goals and targets, future developments in the markets in which the Company participates or are seeking to participate or anticipated Bolsa Mexicana de Valores S.A.B. de C.V. 6

7 regulatory changes in the markets in which the Company operates or intends to operate. The Company cautions potential investors that forward looking statements are not guarantees of future performance and are based on numerous assumptions and that the Company's actual results of operations, including the Company's financial condition and liquidity and the development of the Mexican mortgage finance industry, may differ materially (and may be more negative than) from the forward-looking statements contained in this press release. In addition, even if the Company's results of operations are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. These forward-looking statements speak only as of the date of this press release and the Company assumes no obligation to revise or update any forward-looking statement, whether as a result of new information or new events or developments obligation. More detailed information on these and other factors is included in the Offer to Purchase. Source: Servicios Corporativos Javer, S.A.B. de C.V. Boulevard Antonio L. Rodríguez No Colonia Santa María, Monterrey, Nuevo León. México Bolsa Mexicana de Valores S.A.B. de C.V. 7