Fideicomiso Irrevocable F/2061 · BIVA:FHIPO/14
Fideicomiso Irrevocable F/2061 — FHipo (Fideicomiso Hipotecario F/2061) — Q1 2025 Earnings Presentation
23 slides from Fideicomiso Irrevocable F/2061's earnings presentation, Apr 29, 2025
Slide 1: 1st Quarter 2025 Results
1ST QUARTER 2025 RESULTS April, 29th, 2025 Investor Relations T: +52 (55) 4744 1100 investorrelations@fhipo.com www.fhipo.com [ENGLISH TRANSLATION FOR INFORMATION PURPOSES ONLY, IN THE EVENT OF ANY CONFLICT, THE SPANISH TEXT SHALL PREVAIL]
Slide 2: Index
Index 1. Performance and Achievements during the Quarter 2. Leverage Strategy 3. Portfolio Breakdown 4. Quarterly Financial Results and Key Metrics Appendix. Financial Statements
Slide 3: 1. Performance and Achievements during the Quarter
1. Performance and Achievements during the Quarter
Slide 4: Strategic Highlights
Strategic Highlights Commitment to Value Generation For Scale and Proven Track Record 1 Our Investors 2 Over Ps. 6,900.0(1) million distributed Acquisition / Funding of over 100,000 to our investors, reinforcing our mortgage loans for a total amount of commitment to value generation. more than Ps. 4
Slide 5: Consistent Distributions Reflecting an Investor-Focused Strategy
Consistent Distributions Reflecting an Investor-Focused Strategy As of the end of 1Q25, FHipo has distributed over Ps. 6,900.0 million to its CBFI holders The estimated distribution for 1Q25, subject to the current Distribution Policy, is Ps. 0.352(1) per CBFI, considering 1Q25 Net Income plus FHipo
Slide 6: Robust Financial Margin and Solid Capitalization Profile
Robust Financial Margin and Solid Capitalization Profile Balance sheet optimization and financial margin performance The strategic optimization of the balance sheet (~40.0% deleveraging over four years) and the maintenance of a robust financial margin (52.1% as of 1Q25) are FHipo’s response to event
Slide 7: Focus on Assets with Higher Profitability
Focus on Assets with Higher Profitability Focus on High-Quality Asset Origination Looking forward, FHipo’s strategy is to increasingly focus origination and asset acquisition efforts on assets with a better profitability profile, aiming at maximizing returns for our investors. In recent years, we ha
Slide 8: Historical Cumulative Portfolio Origination
Historical Portfolio Performance Cumulative Non-Performing Loan Ratio over Total Origination Balances(1) (Figures in millions of pesos, Ps.) The non-performing loan portfolio as of the end of the quarter, considering the cumulative balance of the total portfolio at origination, represented 3.9% of s
Slide 9: FHipo's ESG Practices
FHipo’s ESG Practices Social Corporate Governance Environmental ✓ Contribution to the acquisition of ✓ Since FHipo’s creation in 2014, the ✓ Infonavit’s Green Mortgage more than 100,000 homes. Management Team has adopted Program: ✓ Portfolio distribution by gender: best practices for been cautious –
Slide 10: 2. Leverage Strategy
llr VENA ] am) 2 ve. | |! Venlilh ye HT all | 2. Leverage Strategy
Slide 11: Diversified Sources of Funding
Diversified Sources of Funding Securitizations Short-Term Unsecured Bonds Warehousing Facilities Long-Term Covered Bonds Issuance of securities / certificates by Issuance of securities / certificates Credit facility granted by a private Issuance of securities / certificates an issuing trust, whose a
Slide 12: Consolidated Funding Breakdown as of 1Q25
Consolidated Funding Breakdown as of 1Q25(1) More than 90% of financings have a legal maturity greater than 20 years... (Figures in millions of pesos, MXN) Funding Structures Type of Funding Benchmark Rate Margin Maximum Amount Amount Withdrawn Legal Maturity ( 4 ) CDVITOT 13U 3.46% (real) (2) - - $
Slide 13: 3. Portfolio Breakdown
llr VENA ] am) 2 2) 3. Portfolio Breakdown
Slide 14: FHipo's Portfolio Figures as of 1Q25
FHipo’s Portfolio Figures as of 1Q25 Portfolio as of 1Q25 Total Mortgage Loans Outstanding Payment-To-Income Performing Portfolio(2) Loan-To-Value (LTV) Principal Balance (PTI)(1) at Origination(3) (million) 60,666 $20,247 24.4% 91.5% 78.2% Infonavit Total (VSM) Outstanding Balance: $2,271(4) Digita
Slide 15: Consolidated Portfolio Distribution
Consolidated Portfolio Distribution By Loan – to – Value (LTV) By borrowers' income in VSM at loan origination date at loan origination date By origination program(1) (As % of total loans within the consolidated portfolio) (As % of total loans within the consolidated portfolio) (Como % del saldo del
Slide 16: Portfolio Characteristics
Portfolio Characteristics INFONAVIT Portfolio FOVISSSTE Portfolio Digital Mortgage Platforms Portfolio By borrower’s salary in VSM at loan origination By borrower’s salary in VSM at loan origination By borrower’s income in VSM at loan origination (As % of total loans within the portfolio) (As % of t
Slide 17: Portfolio Coverage
Portfolio Coverage Loan Reserve Coverage on CP as of the 1Q25 (1) Expected Loss Coverage (“EL”) (2) = 1.43x NPLs Coverage = 0.69x 8.52% 5.92% 5.92% 8.52% 4.13% 4.13% EL EL Coverage(2) NPLs(3) NPLs Coverage NPLs as a % of the Consolidated Portfolio (“CP”) as of the 1Q25(3) 3.05% 0.59% 100% 1.76% 1.64
Slide 18: 4. Quarterly Financial Results and Key Metrics
4. Quarterly Financial Results and Key Metrics
Slide 19: Solid Financial Results
Solid Financial Results P&L Summary Balance Sheet Summary Figures in thousands of MXN 1Q25 1Q24 Figures in thousands of MXN 1Q25 1Q24 Interests on mortgage loans $270,763 $299,076 Cash and cash equivalents $2,232,304 $1,115,076 Investments in Securities 170,710 0 Investment income 39,749 27,725 Loan
Slide 20: Appendix. Financial Statements
Appendix. Financial Statements
Slide 21: Balance Sheet
Balance Sheet (Figures in thousands of Mexican Pesos) 1Q25 1Q24 Variation % Var ASSETS Cash and cash equivalents $2,232,304 $1,115,076 $1,117,228 100.2% Debt securities 170,710 0 170,710 N/A Loans, net 9,302,974 10,104,254 (801,280) (7.9%) Collection rights, net 92,137 95,476 (3,339) (3.5%) Receivab
Slide 22: Income Statement
Income Statement (Figures in thousands of Mexican Pesos, except net income per CBFI) Quarter to Quarter 1Q25 1Q24 Variation % Var REVENUES Interests on mortgage loans $270,763 $299,076 ($28,313) (9.5%) Investment income 39,749 27,725 12,024 43.4% Total net interest income 310,512 326,801 (16,289) (5
Slide 23: Disclaimer
Disclaimer This document was produced for informational purposes only, for the exclusive use of the recipient. It should be understood as informational and should not be considered as a basis for any investment or financial transaction, consequently FIDEICOMISO HIPOTECARIO F/2061 (“FHipo”, the “Comp
FHipo (Fideicomiso Hipotecario F/2061) — Q1 2025 Earnings Presentation on 6ix