Slide 1: Quarterly Report CFE Fibra E Third Quarter 2019
QUARTERLY REPORT CFE Fibra E THIRD QUARTER 2019 October 28, 2019
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: FCFE18 price and volume for 3Q19
CFE Fibra E performance Promoted CFE Transmisión Trust Fibra E FCFE18 price and volume for 3Q19 16,000 24.27 25.00 24.47 14,000 4) 24.00 23.00 12,000 5) 22.00 10,000 3) 2) 21.00 1) 8,000 20.00 6,000 19.00 18.05 4,000 18.00 2,000 17.00 0 16.00 01/07/2019 16/07/2019 31/07/2019 15/08/2019 30/08/2019 14
Slide 6: 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 Q319. CFE FIBRA E Beneficiary rights of the Assets as of September 30, 2019 Promoted Trust (Million MXN) 0.16% $45.45 6.78%1 $27,926.22 99.84% 93.22% CFE Tra
Slide 7: Promoted Trust Q319 Account Balance
Promoted Trust Q319 Account Balance Promoted CFE Transmisión Trust Fibra E Promoted Trust Account Balance as of September 30th, 2019 (Million MXN) July August September 3Q19 (1) Initial balance 4,726.98 10,594.75 14,634.19 (2) + Collection rights 8,476.85 6,823.94 6,897.66 22,198.46 (3) - Withdrawal
Slide 8: Issuer Trust Q319 Account Balance
Issuer Trust Q319 Account Balance Promoted CFE Transmisión Trust Fibra E Issuer Trust Account Balance as of September 30th of 2019 (Million MXN) 2Q19 July August September 3Q19 Initial Balance 42.71(1) 25.77 25.72_ (2) + Promoted trust distribution 782.61 - - 974.01_ 974.01 (3) - Distribution to hol
Slide 9: 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 9
Slide 10: 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 0.139 2.737 0.121 2.130 2.070 2.110 0.079 0.083 0.910 0.976 0.046 0.040 2012 2013 2
Slide 11: 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 11
Slide 12: Collection rights performance on 3Q19
Collection rights performance on 3Q19 Promoted CFE Transmisión Trust Fibra E Collection rights from CENACE1 (Million MXN) 1800 1,708 1700 1600 1,564 Weekly collection rights 1,520 1500 increased: 1,418 1400 1,316 • 12.32% compared to 2Q19. 1300 1200 • 9.20% compared to 3Q18. 1100 1000 900 800 Jan Fe
Slide 13: 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 3Q19 (Million MXN) 2,000 During 3Q19: 1,800 1,600 • Average weekly collection rights: 1,400 Operating profit margin: 78.40%1. 1,707.57 millons MX
Slide 14: Utilization of Promoted Trust budget
Utilization of Promoted Trust budget Promoted CFE Transmisión Trust Fibra E Reimbursements made until 3Q19 vs approved budget (Million MXN) Category 2019 3Q19 % Budget Intercompany expenses 7,769 5,581 72% Operation and maintenance 7,126 4,643 65% Obligations expenses 3,471 2,058 59% Major maintenan
Slide 15: 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 15
Slide 16: Distribution to CFE Fibra E and CFE Transmisión 3Q19
Distribution to CFE Fibra E and CFE Transmisión 3Q19 Promoted CFE Transmisión Trust Fibra E The amount to be distributed, correspondent to 3Q19, was approved by the Technical Committee of the Promoted Trust at its seventh regular session on September 10th of 2019. Calculation of the distributable am
Slide 17: Fiscal treatment of distributions
Fiscal treatment of distributions Promoted CFE Transmisión Trust Fibra E Promoted Trust taxable result 3Q19 Issuer Trust taxable result 3Q19 (Million MXN, cumulative amount) (Million MXN) Income from CENACE 43,500 Taxable income from the Promoted Trust 593.52 Interests 406 Trust expenses – earned in
Slide 18: Distributed amount to Series A and Series B 3Q19
Distributed amount to Series “A” and Series “B” 3Q19 Promoted CFE Transmisión Trust Fibra E Distributable amount 956.37 Distribution to CFE Fibra E (6.776103%) 974.01 Trust expenses – earned interests1 (17.63) Distribution amount to CFE Fibra E holders 956.37 Distribution to Series “A” holders 490.5
Slide 19: Composition of the 3Q19 distribution per CBFE
Composition of the 3Q19 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 0.14517 0.14517 0.09080 0.09080 0.03968 0.03968 0.57500 0.57500 0.57500 0.57500 0.57500 0.57500 0.57500 0.57500 Series
Slide 20: Fiscal composition of 3Q19 distribution per CBFE
Fiscal composition of 3Q19 distribution per CBFE1 Promoted CFE Transmisión Trust Fibra E Fiscal composition of CFE Fibra E distributions for both Series (MXN per CBFE) 0.07704 0.07704 0.34234 0.34234 0.25504 0.25504 0.35836 0.35836 0.64313 0.64313 0.49836 0.49836 0.41076 0.41076 0.25632 0.25632 Seri
Slide 21: Average collection rights per distribution period
Average collection rights per distribution period Promoted CFE Transmisión Trust Fibra E Weekly revenues from CENACE August 2016 – September 2019 (Million MXN) 1800 1700 1,681 1600 1,568 1500 1,447 1,428 1400 1300 1200 1100 1000 900 800 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 2017 2018
Slide 22: Issuer Trust 3Q19 Balance Sheet
Issuer Trust 3Q19 Balance Sheet Promoted CFE Transmisión Trust Fibra E Issuer Trust Balance Sheet as of September 30th, 2019 (Million MXN) 2Q19 July August September Cash and equivalents 42.71 25.77 25.72 45.45 Fiduciary rights 22,489.52 22,492.73 22,497.91 27,926.22 Other assets 2.03 1.74 1.46 1.19
Slide 23: 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 23
Slide 24: Issuer Trust administration expenses
Issuer Trust administration expenses Promoted CFE Transmisión Trust Fibra E Maintenance expenses (Million MXN) Cumulative 2Q19 July August September 3Q19 2019 Administration fee 25.27 15.18 - - 15.18 64.08 (1) Fiduciary and common representation fees 0.04 0.04 - - 0.04 0.62 Independent members fees
Slide 25: Corporate governance activities
Corporate governance activities Promoted CFE Transmisión Trust Fibra E On September 10, 2019 the Promoted On September 17, 2019, the Technical Trust Technical Committee had its ordinary Committee of the Issuer Trust had one session. Key decisions were taken: session, where: • Review and reconciliati
Slide 26: investor@cfecapital.com.mx http://cfecapital.com.mx/
investor@cfecapital.com.mx http://cfecapital.com.mx/