Cfe Fibra E Series A · BMV:FCFE/18
Cfe Fibra E Series A — CFE Fibra E — Q1 2021 Earnings Presentation
30 slides from Cfe Fibra E Series A's earnings presentation, Apr 30, 2021
Slide 1: Quarterly Report CFE FIBRA E First Quarter 2021
QUARTERLY REPORT CFE FIBRA E FIRST QUARTER 2021 Friday, April 30th, 2021
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
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
Slide 4: 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 4
Slide 5: CFE FIBRA E performance
CFE FIBRA E performance Promoted CFE Transmisión Trust FIBRA E Units Price and volume FCFE18 1Q2021 MXN January 4th to April 15th 2021 2,500,000 $30.00 1Q2021 $29.49 $29.50 2,000,000 $28.34 $29.00 $28.44 1,500,000 $28.50 $28.00 $28.00 1,000,000 $27.50 500,000 $27.00 0 $26.50 1/4/21 1/11/21 1/18/21 1
Slide 6: Most relevant events for FCFE18 and comparable indexes
Most relevant events for CFE FIBRA E Promoted CFE Transmisión Trust FIBRA E FCFE18 and comparable Indexes December 1st,2020 to February 28th,2021 ◼ During the study period included in the graph, the price 14.00% of the FIBRA E certificates showed a yield of 8.13%, a 12.00% reflection of the solidity
Slide 7: CFE FIBRA E and other REITs performance
CFE FIBRA E and other REITs Performance Promoted CFE Transmisión Trust FIBRA E CFE FIBRA E vs. REITs Performance December 1st, 2020 to February 28th, 2021 50.00% 40.00% FCFE18 MM Equity 8.13% 30.00% FUNO11 MM Equity 14.58% 20.00% FIBRAMQ MM Equity -3.00% 10.00% FIBRAPL MM Equity 0.28% FIHO12 MM Equi
Slide 8: CFE FIBRA E analyst coverage
CFE FIBRA E analyst coverage Promoted CFE Transmisión Trust FIBRA E Analyst Target Price Target Price (TP) vs FCFE18 MXN April 6th, 2020 – April 6th, 2021 $32.20 $31.00 $29.00 $27.00 $27.00 $25.00 $23.00 $33.00 $21.00 $19.00 $17.00 $30.50 $15.00 $24.00 Target Price 12 months Price $32.50 Average Ana
Slide 9: 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 1Q2021. Beneficiary rights of the CFE FIBRA E Assets as of March 31st, 2021 Promoted Trust (MXN) 0.17% $42,617,287 6.78%1 99.83% $25,760,106,237 93.22% CFE T
Slide 10: Promoted Trust 1Q21 Account Balance
Promoted Trust 1Q21 Account Balance Promoted CFE Transmisión Trust FIBRA E Promoted Trust Account Balance as of March 31st, 2021 (MXN) January February March 1Q2021 Initial Balance 771,222,397 (1) 3,168,803,389 7,113,599,512 + Collection Rights 5,204,771,885 5,573,557,246 7,165,257,260 17,943,586,39
Slide 11: Issuer Trust 1Q21 Account Balance
Issuer Trust 1Q21 Account Balance Promoted CFE Transmisión Trust FIBRA E Issuer Trust Account Balance as of March 31st, 2021 (MXN) January February March 1Q2021 Initial Balance 258,930,870 (1) 235,757,197 234,751,595 + Promoted trust distribution - - 464,936,014 464,936,014 (2) - Distribution to hol
Slide 12: 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 12
Slide 13: CFE Transmisión performance indicators 2021
CFE Transmisión performance indicators 2021 Promoted CFE Transmisión Trust FIBRA E System Average Interruption Frequency Index1 System Average Interruption Duration Index2 (Interruptions) (Minutes) 0.019 0.954 0.012 0.007 0.316 0.272 1Q19 1Q20 1Q21 1Q19 1Q20 1Q21 Transmission System Availability Ind
Slide 14: 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 14
Slide 15: Collection rights performance on 1Q21
Collection rights performance on 1Q21. Calendar year Promoted CFE Transmisión Trust FIBRA E Collection rights from CENACE1 (Million MXN) 2000 • The weekly average for the first quarter of 2021 of the collection 1800 rights increase 1.95% during 1Q2021 compared to 1Q2020. 1600 • The rate adjustment a
Slide 16: Reimbursements and collection rights of the Promoted Trust
Reimbursements and collections rights of the Promoted Trust Promoted CFE Transmisión Trust FIBRA E Collection rights without VAT and reimbursements without major maintenance expenses to CFE Transmisión 1Q2021 (Million MXN) 2000 For this indicator during 1Q2021: 1500 • Average weekly collection right
Slide 17: Utilization of Promoted Trust budget
Utilization of Promoted Trust budget Promoted CFE Transmisión Trust FIBRA E Reimbursements made until 1Q2021 vs Approved Budget 2021 (MXN) Total Budget Utilization Category Budget 2021 Exercised 1Q2021 % Intercompany 8,331,012,247 881,963,323 11% expenses 16% Operation and 7,574,550,788 1,613,124,97
Slide 18: 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 18
Slide 19: Distributed amount to Series A and Series B
Distributed amount to Series “A” and Series “B” Promoted CFE Transmisión Trust FIBRA E 651,315,393 490,587,361 Distribution to CFE Fibra E (6.776103%) 677.31 Restitution to reserve fund1 -28.81¹ Interests from last period 2.82 Use of distribution ratio 0.00 Distribution amount to holders 651.32 Dist
Slide 20: Fiscal treatment of distributions
Fiscal treatment of distributions Promoted CFE Transmisión Trust FIBRA E Promoted Trust taxable result 1Q2021 Issuer Trust taxable result 1Q2021 (MXN, accumulative amount) (MXN) Income from CENACE 9,291,663,044 Taxable income from the Promoted Trust 118,748,959 Interests 23,397,224 Trust expenses- i
Slide 21: Composition of the 1Q2021 distribution per CBFE
Composition of the 1Q2021 distribution per CBFE1 Promoted CFE Transmisión Trust FIBRA E Revenue composition of CFE FIBRA E distributions for both Series (MXN per CBFE) 0.235 0.235 0.187 0.187 0.123 0.123 0.010 0.575 0.575 0.575 0.575 0.575 0.575 0.575 0.565 Series "A" Series "B" Series "A" Series "B
Slide 22: Fiscal composition of 1Q2021 distribution per CBFE
Fiscal composition of 1Q2021 distribution per CBFE1 Promoted CFE Transmisión Trust FIBRA E Fiscal composition of CFE FIBRA E distributions for both Series (MXN per CBFE) 0.068 0.068 0.251 0.251 0.261 0.261 0.694 0.694 0.501 0.492 0.559 0.559 0.438 0.438 0.074 0.073 Series "A" Series "B" Series "A" S
Slide 23: Average collection rights per distribution period
Average collection rights per distribution period Promoted CFE Transmisión Trust FIBRA E Weekly revenues from CENACE December 2017 – February 2021 (Million MXN) 1,900 1,800 1,700 1,600 1,578 1,581 1,500 1,367 1,400 1,405 1,332 1,300 1,278 1,200 1,187 1,100 1,000 900 Ene Feb Mar Abr May Jun Jul Ago S
Slide 24: Issuer Trust 1Q2021 Balance Sheet
Issuer Trust 1Q2021 Balance Sheet Promoted CFE Transmisión Trust FIBRA E Issuer Trust Balance Sheet to the first quarter of 2021 (MXN) January February March Cash and equivalents 235,575,197 234,751,595 42,617,287¹ Fiduciary rights 23,976,318,470 23,997,142,608 25,760,106,237² Other assets 77,167 -
Slide 25: 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 25
Slide 26: Administrator expenditures 1Q2021
Administrator expenditures 1Q2021 Promoted CFE Transmisión Trust FIBRA E Maintenance expenses (MXN) January February March 1Q2021 Accumulated Administration fee i 22,812,932 - - 22,812,932 (1) 22,812,932 Fiduciary and common representation fees 238,049 585,378 - 823,427 83,427 Independent members fe
Slide 27: Corporate Governance Activities
Corporate Governance Activities Promoted Trust Issuer Trust On March 16, 2021, at the 18th session of the Technical Committee of On March 8, 2021, in the 13th ordinary session of the Technical the Issuing Trust, the following agreements were carried out: Committee of the Promoted Trust, the followin
Slide 28: Foreseeable future
Foreseeable future Promoted CFE Transmisión Trust FIBRA E June 30th, 2021: 2Q2021 distribution *July 30th , 2021: 2Q2021 Investor Call Source: CFECapital (2021). *Note: Estimated date 28
Slide 29: arturoceron@cfecapital.com.mx investor@cfecapital.com.mx http://cfecapital.com.mx/
arturoceron@cfecapital.com.mx investor@cfecapital.com.mx http://cfecapital.com.mx/
Slide 30: Quarterly Report CFE FIBRA E First Quarter 2021
QUARTERLY REPORT CFE FIBRA E FIRST QUARTER 2021 Friday, April 30rd, 2021