Fideicomiso Irrevocable F/2061 · BIVA:FHIPO/14
Fideicomiso Irrevocable F/2061 — FHipo — Q4 2020 Earnings Presentation
22 slides from Fideicomiso Irrevocable F/2061's earnings presentation, Feb 26, 2021
Slide 1: 4th Quarter 2020 Results
Inversión que Transforma INVESTOR RELATIONS 4th Quarter 2020 Results Ignacio Gutiérrez / CFO María Cristina Tolosa / IR February 26th, 2021 inverstorrelations@fhipo.com Ph: +52 (55) 4744-1100 www.fhipo.com [ENGLISH TRANSLATION FOR INFORMATION PURPOSES ONLY, IN THE EVENT OF ANY CONFLICT, THE SPANISH
Slide 2: Index
Index 1 Performance and Achievements During the Quarter 2 Portfolio Breakdown – 4Q20 3 Leverage Strategy 4 Financial Results and Key Metrics for the Quarter 5 Financial Statements – 4Q20 6 Performance of our CBFIs – 4Q20 2
Slide 3: 1. Performance and Achievements During the Quarter
1. Performance and Achievements During the Quarter
Slide 4: Performance and Achievements During 4Q20
Performance and Achievements During 4Q20 Successful Public Offering of Securitization “FHIPOCB 20” FHipo issued an RMBS transaction, collateralized by loans originated by Infonavit, in the Mexican market first ever peso-denominated issuance through the issuance of CBFs with ticker symbol “FHIPOCB 20
Slide 5: 2. Portfolio Breakdown – 4Q20
2. Portfolio Breakdown – 4Q20
Slide 6: Consolidated Portfolio Breakdown as of 4Q20
Consolidated Portfolio Breakdown as of 4Q20 Summary of FHipo’s Consolidated Portfolio Characteristics (Loan balance as of December 31st, 2020) Consolidated Portfolio 4Q20 4Q19 Var. (%) / Diff. (1) (1) Total Balance (FHipo's Participation) $28,281 million $29,606 million (4.48%) Total Number of Loans
Slide 7: Distribution of our Consolidated Portfolio
Distribution of our Consolidated Portfolio (1) By Loan-to-Value (LTV) at Origination Date By Borrower’s Salary in VSM (2) at Origination Date By Origination Program (As % of total loans within consolidated portfolio) (As % of total loans within consolidated portfolio) (As % of total consolidated por
Slide 8: Diversified Portfolio with Strategic Partners
Diversified Portfolio with Strategic Partners (1) INFONAVIT Portfolio FOVISSSTE Portfolio Smart Lending Portfolio By borrower’s salary in VSM (2) at origination date By borrower’s salary in VSM (2) at origination date By borrower’s salary at origination date (As % of total loans within INFONAVIT’s p
Slide 9: 3. Leverage Strategy
3. Leverage Strategy
Slide 10: Diversified Sources of Funding
Diversified Sources of Funding Diversified Funding Securitizations Short-Term Unsecured Bonds Issuance of securities/certificates, by an issuing trust with loans Issuance of securities/certificates backed by FHipo’s that collateralize the issuance, whose asset structure consists of Balance Sheet mor
Slide 11: Funding Structures as of 4Q20
Funding Structures as of 4Q20 Funding Structures (Figures in millions of pesos) Funding Structures Type of Funding Benchmark Rate Margin Maximum amount Amount Withdrawn Legal Maturity (1) CDVITOT 13U UDIBONO 2017 (1.54%) +192 bps - $720 2041 (1) CDVITOT 14U UDIBONO 2018 (1.30%) +119 bps - $585 2042
Slide 12: Solid Asset Quality
Solid Asset Quality In this slide we illustrate the development of our Non-Performing Loan (NPL) ratio, as well as our levels of loan reserve coverage. Levels of Non-Performing Loan (“NPL”) Ratio with Conservative Allowance for Loan Losses NPL’s as a % of the Consolidated Portfolio (“CP”) as of the
Slide 13: Attractive Risk-Return Profile
Attractive Risk-Return Profile Estimated spread between FHipo’s Asset Yield vs. Cost of Debt as of 4Q20 Asset yield per origination program Funding rates Fixed Rate Pesos SWAP (3) TIIE Fixed Rate UDI Spread 14.5% (1) 12.6% Long-Term Funding Short-Term 11.9% 12.0% Funding 10.8% 10.9% VSM (2) 8.5% SWA
Slide 14: 4. Financial Results and Key Metrics for the Quarter
4. Financial Results and Key Metrics for the Quarter
Slide 15: Solid Financial Results in 4Q20
Solid Financial Results in 4Q20 Consolidated P&L Summary Consolidated Balance Sheet Summary Figures in thousands of MXN, except the Net Income per CBFI 4Q20 4Q19 Figures in thousands of MXN 4Q20 4Q19 Interest on mortgage loans $536,963 $653,594 Cash and cash equivalents $1,771,342 $2,347,875 Investm
Slide 16: Our Key Metrics and Relevant Financial Information in 4Q20
Our Key Metrics and Relevant Financial Information in 4Q20 Main Financial Metrics Figures are presented according to each metric (%, $) Quarter to Quarter Year to date 4Q20 4Q19 4Q20 4Q19 We closed 4Q20 with a Financial Margin and Interest Revenue Financial Margin of 42.8%, Financial Margin - "inter
Slide 17: 5. Financial Statements – 4Q20
5. Financial Statements – 4Q20
Slide 18: Financial Statements – Balance Sheet
Financial Statements – Balance Sheet Balance Sheet 4Q20 (Figures in thousands of MXN pesos) 4Q20 4Q19 Variation % Var ASSETS Cash and cash equivalents $1,771,342 $2,347,875 ($576,533) (24.6%) Current loans 17,647,265 20,720,179 (3,072,914) (14.8%) Past due loans 618,115 791,609 (173,494) (21.9%) Acc
Slide 19: Financial Statements – P&L
Financial Statements – P&L Income Statement (Figures in thousands of MXN pesos, except EPS) Quarter to Quarter Year to date 4Q20 4Q19 Variation % Var 4Q20 4Q19 Variation % Var REVENUES Interests on mortgage loans $536,963 $653,594 ($116,631) (17.8%) $2,378,663 $2,491,157 ($112,494) (4.5%) Investment
Slide 20: 6. Performance of Our CBFIs – 4Q20
6. Performance of Our CBFIs – 4Q20
Slide 21: Performance of FHipo's Stock (CBFIs) During 4Q20
Performance of FHipo’s Stock (CBFIs) During 4Q20 FHipo’s Stock (Certificados Bursátiles Fiduciarios Inmobiliarios - CBFIs) Performance During 4Q20 MXN $ # of CBFIs 2,000,000 $22.0 1,800,000 FHipo announces the issuance of an RMBS $21.0 securitization through Certificados Bursátiles Fiduciarios und
Slide 22: Disclaimer
Disclaimer This document was produced for informative purposes only, for the exclusive use of the recipient. It should be understood as informative and should not be considered as a basis for any investment or financial transaction, therefore FIDEICOMISO HIPOTECARIO F/2061 (“FHipo”, the “Company” or