20 slides from Fideicomiso Irrevocable F/2061's earnings presentation, Jul 28, 2023
Slide 1: 2nd Quarter 2023 Results
Investment that Transforms 2nd Quarter 2023 Results July 28th, 2023 INVESTOR RELATIONS 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 TEXT SHALL PREVAIL]
Slide 2: Index
Index 1 Performance and Achievements during the Quarter 2 Portfolio Breakdown 3 Leverage Strategy 4 Quarterly Financial Results and Key Metrics 5 Financial Statements 2
Slide 3: 1. Performance and Achievements
1. Performance and Achievements
Slide 4: Performance and Achievements during 2Q23
Performance and Achievements during 2Q23 Stable Indicators of Profitability Efficient Leverage Strategy On Balance Financing 47.8% Financial Margin $100 2Q23 $2,580 $1,350 $1,550 8.0% ROE Debt / Equity (On Balance) $200 1Q23 $2,830 $1,350 $1,700 Ps. 0.501 (1) EPS 1Q23 2Q23 $400 4Q22 $2,930 $1,350 $1
Slide 5: 2. Portfolio Breakdown
2. Portfolio Breakdown
Slide 6: Consolidated Portfolio Breakdown as of 2Q23
Consolidated Portfolio Breakdown as of 2Q23 Consolidated Portfolio 2Q23 2Q22 Var. (%) / Diff. Total Balance (FHipo's Participation) (1) $23,830 million $25,812 million (7.68%) Total Number of Loans 79,127 88,128 (10.21%) Average co-participated loan balance by Mortgage Loan $301,163 $292,891 2.82% A
Slide 7: Distribution of Our Consolidated Portfolio
Distribution of Our Consolidated Portfolio(1) By Loan-to-Value (LTV) By borrower’s salary in VSM at origination date at origination date By origination program (As % of total loans within consolidated portfolio) (As % of total loans within consolidated portfolio) (As % of total consolidated portfoli
Slide 8: Diversified Portfolio
Diversified Portfolio(1) INFONAVIT Portfolio FOVISSSTE Portfolio By borrower’s salary in VSM By interest rate of VSM (2) and Mexican By borrower’s salary in VSM at origination date Pesos at origination date By interest rate in VSM (2) (As % of total loans within INFONAVIT’s portfolio) (As % of total
Slide 9: 3. Leverage Strategy
3. Leverage Strategy
Slide 10: Diversified Sources of Funding
Diversified Sources of Funding Securitizations Short-Term Warehousing Facilities Long-Term Unsecured Bonds Covered Bonds Issuance of securities / Credit facility conceded by a Issuance of securities / certificates Issuance of securities / certificates by an issuing trust, private entity, backed by b
Slide 11: Funding Structures as of 2Q23
Funding Structures as of 2Q23 (Figures in millions of pesos, $ , MXN) Maximum Funding Structures Type of Funding Benchmark Rate Margin Amount Withdrawn Legal Maturity amount CDVITOT 13U 3.46% (real) (1) - - $442 (2) 2041 (1) (2) CDVITOT 14U 2.49% (real) - - $332 2042 (1) (2) CDVITOT 15U 2.90% (real)
Slide 12: Asset Quality
Asset Quality Evolution of the consolidated Non-Performing Loan Ratio (“NPL”) and the Allowance for Loan Losses NPLs as a % of the Consolidated Portfolio (“CP”) as of the 2Q23(1) NPLs / CP(1) with portfolio balance at origination NPL considering Portfolio's Expected Loss / CP 0.14% 0.10% 0.15% 0.02%
Slide 13: Attractive Risk-Return Profile
Attractive Risk-Return Profile Asset Yield - Origination Program Consolidated Cost of Debt - Funding Rates (3) SWAP TIIE Fixed Rate Spread Long-Term Short-Term (2) 14.5% 14.5% 12.7% (2) SWAP 11.9% 12.0% 1.35% 10.9% 0.40% 10.4% 10.8% VSM (1) 8.96% 8.06% 8.37% VSM (1) 6.73% TIIE TIIE 4.13% 3.46% 2.90%
Slide 14: 4. Financial Results and Key Metrics
4. Financial Results and Key Metrics
Slide 15: Solid Financial Results
Solid Financial Results P&L Summary Balance Sheet Summary Figures in thousands of MXN, except the Net Income per CBFI 2Q23 2Q22 Figures in thousands of MXN 2Q23 2Q22 Cash and cash equivalents $1,531,831 $2,082,420 Interest on mortgage loans $286,492 $344,129 Loans, net 10,133,132 10,683,690 Investme
Slide 16: Key Metrics and Relevant Financial Information
Key Metrics and Relevant Financial Information Figures are presented according to each metric (%, $) Quarter to Quarter Year to date 2Q23 2Q22 2Q23 2Q22 Financial Margin and Interest Revenues Financial Margin - "interest revenue - interest expense / total interest revenue" 47.75% 58.27% 48.89% 58.27
Slide 17: 5. Financial Statements
5. Financial Statements
Slide 18: Balance Sheet
Balance Sheet (Figures in thousands of Mexican Pesos) 2Q23 2Q22 Variation % Var ASSETS Cash and cash equivalents $1,531,831 $2,082,420 ($550,589) (26.4%) Loans, net 10,133,132 10,683,690 (550,558) (5.2%) Collection rights, net 98,927 100,964 (2,037) (2.0%) Receivable benefits in securitization trans
Slide 19: Profit & Loss
Profit & Loss (Figures in thousands of Mexican Pesos, except net income per CBFI) Quarter to Quarter Year to date 2Q23 2Q22 Variation % Var 2Q23 2Q22 REVENUES Interests on mortgage loans $286,492 $344,129 ($57,637) (16.7%) $588,615 $657,197 Investment income 49,951 24,436 25,515 104.4% 99,417 39,974
Slide 20: 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