Cfe Fibra E Series A · BMV:FCFE/18
Cfe Fibra E Series A — CFE Fibra E — Q2 2022 Earnings Presentation
30 slides from Cfe Fibra E Series A's earnings presentation, Jul 29, 2022
Slide 1: Quarterly Report CFE FIBRA E Second Quarter 2022
QUARTERLY REPORT CFE FIBRA E Second Quarter 2022 Mexico City, Friday July 29th, 2022.
Slide 2: Disclaimer
2 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
Slide 3: Agenda
AGENDA 1 2 3 CFE FIBRA E CFE TRANSMISSION PROMOTED TRUST EXECUTIVE PERFORMANCE INCOME FLOW AND SUMMARY INDICATORS REIMBURSEMENTS 4 5 QUARTERLY CFECAPITAL DISTRIBUTION OF ADMINISTRATION CFE FIBRA E AND CORPORATE GOVERNANCE
Slide 4: Agenda
AGENDA 1 2 3 CFE FIBRA E PROMOTED TRUST CFE TRANSMISSION EXECUTIVE INCOME FLOW AND PERFORMANCE SUMMARY REIMBURSEMENTS INDICATORS 4 5 QUARTERLY CFECAPITAL DISTRIBUTION OF ADMINISTRATION CFE FIBRA E AND CORPORATE GOVERNANCE
Slide 5: CFE FIBRA E Performance: Price and Volume
5 CFE FIBRA E PERFORMANCE Promoted CFE Transmisión Trust FIBRA E Graph 1. Price and Volume of CFE FIBRA E December 1st , 2021 to July 15th,2022 Units MX N 10,000,000 * 27.5 27 26.5 1,000,000 26 25.5 100,000 25 24.5 10,000 24 23.5 1,000 23 2021-12-01 2022-01-01 2022-02-01 2022-03-01 2022-04-01 2022-0
Slide 6: Most Relevant Events for CFE FIBRA E
6 MOST RELEVANT EVENTS FOR CFE FIBRA E Promoted CFE Transmisión Trust FIBRA E Graph 2. Performance CFE Fibra E vs IPC and FBMEX January 1st to July 15th, 2022 Some of the relevant events in the Mexican electricity industry are highlighted: 10.00% • On April 29th, 2022, the Federal Electricity Commis
Slide 7: CFE FIBRA E and Other REITs Performance
7 CFE FIBRA E AND OTHER REITs PERFORMANCE Promoted CFE Transmisión Trust FIBRA E Table 1. Dividend Yield1 Indicative of the CFE FIBRA E vs other FIBRAs, March 1st, to May 31th, 2022 Real Estate Investment Trust 03/31/2022 04/29/2022 05/31/2022 FCFE18 MM Equity 12.1050 12.2696 12.8750 FUNO11 MM Equit
Slide 8: Analysts Coverage
8 CFE FIBRA E ANALYSTS COVERAGE Promoted CFE Transmisión Trust FIBRA E Target Price estimated Graph 3. Average Target Price in last 12 months Banking Institution (May 2021 to May 2022) by analists1 MXN $32.50 32 31 $33.00 30 29 $32.80 28 27 26 $26.00 25 24 $27.63 Target Price Price $25.00 Source: CF
Slide 9: Revenue Sources
9 CFE FIBRA E REVENUE SOURCES Promoted CFE Transmisión Trust FIBRA E ▪ Graph 4 shows the source of income of CFE FIBRA E for the Second Quarter of 2022. Graph 4. Income source of CFE FIBRA E Trustees Rights of the Promoted CFE FIBRA E Trust Assets as of June 30th, 2022 (MXN) 0.16% $46,480,346 93.22%
Slide 10: Promoted Trust 2Q2022 Account Balance
10 PROMOTED TRUST 2Q2022 ACCOUNT BALANCE Promoted CFE Transmisión Trust FIBRA E The second quarter began with a balance of $5,356,709,345(1), to which was added $22,249,363,344(2) for collection rights received from CENACE1 for the period (VAT included), withdrawals for the period amounted to $6,183
Slide 11: Issuer Trust 2Q2022 Account Balance
11 ISSUER TRUST 2Q2022 ACCOUNT BALANCE Promoted CFE Transmisión Trust FIBRA E The second quarter began with a balance of $44,960,298(1), to which was added $997,555,681(2) corresponding to the Seventeenth distribution received on June 20th from Promoted Trust F/80758. As of June 30th, disbursements
Slide 12: Agenda
AGENDA 1 2 3 CFE FIBRA E CFE PROMOTED TRUST EXECUTIVE TRANSMISSION INCOME FLOW AND SUMMARY PERFORMANCE REIMBURSEMENTS INDICATORS 4 5 QUARTERLY CFECAPITAL DISTRIBUTION OF ADMINISTRATION CFE FIBRA E AND CORPORATE GOVERNANCE
Slide 13: Some Performance Indicators for CFE Transmission
13 SOME PERFORMANCE INDICATORS FOR CFE TRANSMISSION Promoted CFE Trust FIBRA E Transmisión Graph 5. Performance Indicators of CFE Transmission to the Second Quarter of 2022 Transmission Losses1 System Average Interruption Duration Index (SAIDI) 2 2.79% (Percentage) (Minutes) 10.840 * 2.56% 2.39% 1.0
Slide 14: Electrical Energy Received in the National Transmission Network
14 ELECTRICAL ENERGY RECEIVED IN THE NATIONAL TRANSMISSION NETWORK (RNT1) Promoted CFE FIBRA E Transmisión Trust Graph 6. Volume of Electric Power received in the National Transmission Network (MWh)2 • The electrical energy received in the National Transmission Network showed a sustained growth duri
Slide 15: Agenda
AGENDA 1 2 3 CFE FIBRA E CFE TRANSMISSION PROMOTED TRUST EXECUTIVE PERFORMANCE INCOME FLOW AND SUMMARY INDICATORS REIMBURSEMENTS 4 5 QUARTERLY CFECAPITAL DISTRIBUTION OF ADMINISTRATION CFE FIBRA E AND CORPORATE GOVERNANCE
Slide 16: Collection Rights Performance on 2Q2022
16 COLLECTION RIGHTS PERFORMANCE ON 2Q2022. CALENDAR YEAR Promoted CFE Transmisión Trust FIBRA E Graph 7. Collection rights of the National Control Center of Energy (CENACE)1 (Millions MXN) • Collection rights increased 5.96% 2,000 through 2Q2022 compared to 2Q2021 and 20.01% compared 1,800 to 2Q202
Slide 17: Executed Budget Promoted Trust
17 EXECUTED BUDGET PROMOTED TRUST Promoted CFE Transmisión Trust FIBRA E Table 4 displayed the total budget approved for 2022, as of the second quarter, the equivalent of 21% of the total Budget was spent. Table 4. Reimbursements made up to 2Q22 vs Approved Budget 2022 Graph 8. Total Budget (MXN) Ut
Slide 18: Agenda
AGENDA 1 2 3 CFE FIBRA E CFE TRANSMISSION PROMOTED TRUST EXECUTIVE PERFORMANCE INCOME FLOW AND SUMMARY INDICATORS REIMBURSEMENTS 4 5 QUARTERLY CFECAPITAL DISTRIBUTION OF ADMINISTRATION CFE FIBRA E AND CORPORATE GOVERNANCE
Slide 19: Distribution to CFE FIBRA E and CFE Transmission
19 DISTRIBUTION TO CFE FIBRA E AND CFE TRANSMISSION Promoted CFE Transmisión Trust FIBRA E ▪ The distribution corresponding to the Second Quarter of 2022 was approved by the Technical Committee of the Promoted Trust in its Eighteenth Ordinary Session on June 17th, 2022. Table 5. Calculation of the d
Slide 20: Fiscal Treatment of Distributions
20 FISCAL TREATMENT OF DISTRIBUTIONS Promoted CFE Transmisión Trust FIBRA E Table 6. Promoted Trust Taxable Result, 2Q2022 Table 7. Issuer Trust Taxable Result, 2Q2022 (MXN) (MXN) Income from CENACE 27,452,403,986 Interests 250,129,713 Taxable Income from the Promoted Trust 518,256,914 Reimbursement
Slide 21: Issuer Trust 2Q2022 Balance Sheet
21 ISSUER TRUST 2Q2022 BALANCE SHEET Promoted CFE Transmisión Trust FIBRA E Table 8. Issuer Trust Balance Sheet to the 2Q2022 (MXN) April May June Cash and Equivalents 23,426,421 23,125,072 46,480,346(1) Fiduciary Rights 25,632,176,760 25,637,091,953 30,565,398,030(2) Other Assets 5,013,754 4,559,29
Slide 22: Distributed Amount to Series A and Series B
22 DISTRIBUTED AMOUNT TO SERIES “A” AND SERIES “B” Promoted CFE Transmisión Trust FIBRA E Distribution to CFE Fibra E (6.776103%) $997,555,681.33 Restitution of the Expenditure Reserve Found1 -$23,536,831.62 Interest generated2 $1,586,614.29 Amount to be distributed $997,555,681.33 Use of distributi
Slide 23: Income Composition of the 2Q2022 Distribution per CBFE
23 INCOME COMPOSITION OF THE 2Q2022 DISTRIBUTION PER CBFE1 Promoted CFE Transmisión Trust FIBRA E Graph 10. Revenue Composition of CFE FIBRA E Distributions for Both Series (MXN per CBFE1) 0.368 0.368 0.272 0.272 0.283 0.283 0.198 0.198 0.022 0.022 0.575 0.575 0.575 0.575 0.575 0.575 0.575 0.575 0.5
Slide 24: Fiscal Composition of 2Q2022 Distribution per CBFE
24 FISCAL COMPOSITION OF 2Q2022 DISTRIBUTION PER CBFE1 Promoted CFE Transmisión Trust FIBRA E Graph 11. Fiscal Composition of CFE FIBRA E distributions for Both Series (MXN per CBFE1) 0.276 0.276 0.059 0.059 0.270 0.274 0.429 0.429 0.788 0.788 0.667 0.667 0.549 0.549 0.502 0.509 0.428 0.428 0.048 0.
Slide 25: Collection Rights Average by Distribution Period
25 COLLECTION RIGHTS AVERAGE BY DISTRIBUTION PERIOD Promoted CFE Transmisión Trust FIBRA E Graph 12. Weekly income from the National Energy Control Center (CENACE) January 2018 – July 15th, 2022 (Millions MXN) 2,000 Average collection rights increased 1,800 4.36% in 2Q2022 vs 2Q2021 and 12.34% compa
Slide 26: Agenda
AGENDA 1 2 3 CFE FIBRA E PROMOTED TRUST CFE TRANSMISSION INCOME FLOW AND EXECUTIVE PERFORMANCE SUMMARY REIMBURSEMENTS INDICATORS 4 5 QUARTERLY CFECAPITAL DISTRIBUTION OF ADMINISTRATION CFE FIBRA E AND CORPORATE GOVERNANCE
Slide 27: Administrator Expenses 2Q2022
27 ADMINISTRATOR EXPENSES 2Q2022 Promoted CFE Transmisión Trust FIBRA E Table 9. Administrator maintenance expenses, Second Quarter 2022 (MXN) April May June 2Q2022 Accumulated Administration Fee* 15,423,637 -- -- 15,423,637(1) 39,667,123 Fiduciary and Common Representation Fees -- 42,383 42,516 84,
Slide 28: Corporate Governance Activities: Technical Committee
28 CORPORATE GOVERNANCE ACTIVITIES Irrevocable Trust CIB/2919 (Issuer Trust) TECHNICAL COMMITTEE In Session number 23rd of the Technical Committee of the Issuing Trust, held on June 20th, 2022, the following topics were addressed: Topics for Approval: a) Discussion and approval of the amount to be d
Slide 29: Foreseeable Future
29 FORESEEABLE FUTURE Promoted CFE Transmisión Trust FIBRA E September 30th, 2022 3Q2022 Distribution October 28th,2022* Investor Call 3Q2022. October 28th, 2022* Quarterly Report 3Q2022. Source: CFECapital (2022). *Note: Estimated date
Slide 30: arturoceron@cfecapital.com.mx investor@cfecapital.com.mx. / http://cfecapital.com.mx/
arturoceron@cfecapital.com.mx / investor@cfecapital.com.mx. / http://cfecapital.com.mx/