Cfe Fibra E Series A · BMV:FCFE/18

Cfe Fibra E Series A — CFE Fibra E — Q1 2020 Earnings Presentation

29 slides from Cfe Fibra E Series A's earnings presentation, Apr 30, 2020

  1. Slide 1: Quarterly Report CFE FIBRA E First Quarter 2020

    QUARTERLY REPORT CFE FIBRA E FIRST QUARTER 2020 Thursday, April 30th 2020

  2. Slide 2: Disclaimer

    DISCLAIMER IMPORTANT: You must read the following before continuing. This presentation has been prepared by CFECapital, S. de R.L. de C.V. (“CFECapital” or the “Manager”) and is being provided to you for informational purposes only. Neither the Manager nor any of its affiliates or representatives ma

  3. Slide 3: Agenda

    AGENDA CFE FIBRA E executive summary CFE Transmisión performance indicators Promoted Trust income flow and reimbursements Quarterly distribution of CFE FIBRA E CFECapital administration and corporate governance 3

  4. Slide 4: Agenda: CFE FIBRA E executive summary

    AGENDA CFE FIBRA E executive summary CFE Transmisión performance indicators Promoted Trust income flow and reimbursements Quarterly distribution of CFE FIBRA E CFECapital administration and corporate governance 4

  5. Slide 5: CFE FIBRA E performance

    CFE FIBRA E performance Promoted CFE Transmisión Trust FIBRA E Thousands Highest price: January 17, FCFE18 Price and Volume 1Q20 MXN 30,000 28.48 29.00 1) 25,000 1Q20 27.00 27.77 25.00 20,000 23.00 15,000 20.95 19.21 21.00 Average Volume: 10,000 998,863 19.00 5,000 17.00 0 15.00 1/2/20 1/16/20 1/30/

  6. Slide 6: CFE FIBRA E performance

    CFE FIBRA E performance Promoted CFE Transmisión Trust FIBRA E ◼ The shares of the CFE FIBRA E have faced a complex stage derived from the financial, economic and health crisis that COVID-19 has generated, which has lost (24%) this year as investors have sold risky assets to conserve cash. ◼ Bank of

  7. Slide 7: CFE FIBRA E analyst coverage

    CFE FIBRA E analyst coverage Promoted CFE Transmisión Trust FIBRA E Analyst Target Price 30.14 Thiago Roberto L. Silva MXN Target Price (TP) vs FCFE18 31.00 March 20, 2018 – March 31, 2020 31.90 28.00 Francisco Chávez Martínez 25.00 28.00 Pablo Monsivais 22.00 19.00 33.00 José Roberto Solano Pérez 1

  8. Slide 8: CFE FIBRA E revenue sources

    CFE FIBRA E revenue sources Promoted CFE Transmisión Trust FIBRA E Aside from our initial asset, we did not have other revenue sources for the 1Q20. Beneficiary rights of the CFE FIBRA E Assets as of March 31, 2019 Promoted Trust (Million MXN) 0.18% $43.42 6.78%1 $24,765.89 99.82% 93.22% CFE Transmi

  9. Slide 9: Promoted Trust 1Q2020 Account Balance

    Promoted Trust 1Q2020 Account Balance Promoted CFE Transmisión Trust FIBRA E Promoted Trust Account Balance as of March 31st, 2020 (Million MXN) January February March 1Q20 (1) Initial balance 3,132.02 7,359.01 11,221.47 (2) + Collection rights 6,420.69 5,431.31 5,630.38 17,482.38 - Withdrawals 2,22

  10. Slide 10: Issuer Trust 1Q2020 Account Balance

    Issuer Trust 1Q2020 Account Balance Promoted CFE Transmisión Trust FIBRA E Issuer Trust Account Balance as of March 31, 2020 (Million MXN) January February March 1Q20 (1) (1) 45.20 22.19 21.67_ Initial Balance (2) (2) + Promoted trust distribution. - - 742.71_ 742.71 (3) (3) - Distribution to holder

  11. Slide 11: Agenda: CFE Transmisión performance indicators

    AGENDA CFE FIBRA E executive summary CFE Transmisión performance indicators Promoted Trust income flow and reimbursements Quarterly distribution of CFE FIBRA E CFECapital administration and corporate governance 11

  12. Slide 12: CFE Transmisión performance indicators

    CFE Transmisión performance indicators Promoted CFE Transmisión Trust FIBRA E System Average Interruption Frequency Index1 System Average Interruption Duration Index2 (Interruptions) (Minutes) 0.231 4.559 4.601 0.186 3.198 0.139 0.121 2.130 2.070 2.110 0.091 0.079 0.910 0.976 0.046 0.040 0.316 0.012

  13. Slide 13: Agenda: Promoted Trust income flow and reimbursements

    AGENDA CFE FIBRA E executive summary CFE Transmisión performance indicators Promoted Trust income flow and reimbursements Quarterly distribution of CFE FIBRA E CFECapital administration and corporate governance 13

  14. Slide 14: Collection rights performance on 1Q20

    Collection rights performance on 1Q20 Promoted CFE Transmisión Trust FIBRA E Collection rights from CENACE1 2,000 (Million MXN) 1,800 • Weekly collection rights increased 2.8% during 1Q20 1,600 compared to 1Q19. 1,353 1,400 1,316 1,462 • The Energy Regulatory Commission approved an 1,252 average ann

  15. Slide 15: Reimbursements and collection rights of the Promoted Trust

    Reimbursements and collections rights of the Promoted Trust Promoted CFE Transmisión Trust FIBRA E Collection rights and reimbursements to CFE Transmisión 1Q20 (Million MXN) During 1Q20: 1,600.00 1,400.00 • Average weekly collection rights: 1,200.00 1,353.12 million MXN. 1,000.00 800.00 Operating pr

  16. Slide 16: Utilization of Promoted Trust budget

    Utilization of Promoted Trust budget Promoted CFE Transmisión Trust FIBRA E Reimbursements made until 1Q20 vs approved budget (Million MXN) Total Budget Utilization % Budget Category 2020 1Q20 Utilization Intercompany 19% 8,004 1,078.84 13.48% expenses Operation and 7,277 1,702.07 23.39% maintenance

  17. Slide 17: Agenda: Quarterly distribution of CFE FIBRA E

    AGENDA CFE FIBRA E executive summary CFE Transmisión performance indicators Promoted Trust income flow and reimbursements Quarterly distribution of CFE FIBRA E CFECapital administration and corporate governance 17

  18. Slide 18: Distribution to CFE FIBRA E and CFE Transmisión 1Q2020

    Distribution to CFE FIBRA E and CFE Transmisión 1Q2020 Promoted CFE Transmisión Trust FIBRA E The amount to be distributed, correspondent to 1Q20, was approved by the Technical Committee of the Promoted Trust at its ninth regular session on March 11th, 2020. Calculation for the distributable amount

  19. Slide 19: Fiscal treatment of distributions

    Fiscal treatment of distributions Promoted CFE Transmisión Trust FIBRA E Promoted Trust taxable result 1Q20 Issuer Trust taxable result 1Q20 (Million MXN, cumulative amount) (Million MXN) Income from CENACE 10,217.24 Interests 86.49 Taxable income from the Promoted Trust 316.20 Reimbursements (2,194

  20. Slide 20: Distributed amount to Series A and Series B

    Distributed amount to Series “A” and Series “B” Promoted CFE Transmisión Trust FIBRA E Distribution to CFE FIBRA E (6.776103%) 742.71 Restitution to reserve fund1 (24.74) Interests from last period 3.09 Distribution amount to CFE FIBRA E holders 721.06 Distribution to each CBFE holder Series”A” Seri

  21. Slide 21: Composition of the 1Q20 distribution per CBFE

    Composition of the 1Q20 distribution per CBFE1 Promoted CFE Transmisión Trust FIBRA E Revenue composition of CFE FIBRA E distributions for both Series (MXN per CBFE) 0.26570 0.26570 0.23255 0.23255 0.09080 0.09080 0.05885 0.05885 0.57500 0.57500 0.57500 0.57500 0.57500 0.57500 0.57500 0.57500 Series

  22. Slide 22: Fiscal composition of 1Q20 distribution per CBFE

    Fiscal composition of 1Q20 distribution per CBFE1 Promoted CFE Transmisión Trust FIBRA E Fiscal composition of CFE FIBRA E distributions for both Series (MXN per CBFE) 0.03649 0.03649 0.34234 0.34234 0.25504 0.25504 0.38280 0.38280 0.77106 0.77106 0.49836 0.49836 0.41076 0.41076 0.25100 0.25100 Seri

  23. Slide 23: Average collection rights per distribution period

    Average collection rights per distribution period Promoted CFE Transmisión Trust FIBRA E Weekly revenues from CENACE August 2016 – March 2020 (Million MXN) 2000 1800 1,681 1600 1,581 1,447 1400 1,332 1,278 1200 1,187 1,086 1000 800 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 2017 2018 2019

  24. Slide 24: Issuer Trust 1Q2020 Balance Sheet

    Issuer Trust 1Q2020 Balance Sheet Promoted CFE Transmisión Trust FIBRA E Issuer Trust Balance Sheet as of March 31, 2020 (Million MXN) 4Q19 January February March Cash and equivalents 45.20 22.19 21.67 43.42 Fiduciary rights 25,484.07 25,485.84 25,488.69 24,765.89 Otros assets 0.34 0.06 0.00 0.00 To

  25. Slide 25: Agenda: CFECapital administration and corporate governance

    AGENDA CFE FIBRA E executive summary CFE Transmisión performance indicators Promoted Trust income flow and reimbursements Quarterly distribution of CFE FIBRA E CFECapital administration and corporate governance 25

  26. Slide 26: Administrator expenditures 1Q2020

    Administrator expenditures 1Q2020 Promoted CFE Transmisión Trust FIBRA E Maintenance expenses (Million MXN) Cumulative 4Q19 January February March 1Q2020 2020 Administration fee 10.72 21.61 0.52 - (1) 22.13 22.13 Fiduciary and common representation fees - - - 0.56 0.56 0.56 Independent members fees

  27. Slide 27: Corporate governance activities

    Corporate governance activities PROMOTED TRUST ISSUER TRUST On March 18, 2020, at the session of the On February 28, 2020 the Promoted Trust Technical Committee held an extraordinary session, where the Technical Committee of the Issuer Trust, the following agreement was approved: following agreement

  28. Slide 28: Foreseeable future

    Foreseeable future Promoted CFE Transmisión Trust FIBRA E June 30, 2020: 2Q2020 distribution. July 31, 2020: 2Q2020 Investor Call Source: CFECapital (2020) 28

  29. Slide 29: investor@cfecapital.com.mx http://cfecapital.com.mx/

    investor@cfecapital.com.mx http://cfecapital.com.mx/

CFE Fibra E — Q1 2020 Earnings Presentation on 6ix