Fideicomiso Irrevocable F/2061 · BIVA:FHIPO/14
Fideicomiso Irrevocable F/2061 — FHipo (Fideicomiso Hipotecario F/2061) — Q2 2024 Earnings Presentation
20 slides from Fideicomiso Irrevocable F/2061's earnings presentation, Jul 26, 2024
Slide 1: 2nd Quarter 2024 Results
Investment that Transforms 2nd Quarter 2024 Results July 26th, 2024 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 2Q24
Performance and Achievements during 2Q24 Profitability Indicators Conservative Leverage Strategy (Figures in million of pesos, MXN) 0.67x 0.70 Yield per EPS 7,000 0.57x CBFI $600.0 0.53x 0.60 6,000 (1) (2) $100.0 0.50 9.9% Ps. 0.388 5,000 $100.0 4,000 0.40 3,000 $6,125.0 0.30 $5,480.0 $4,980.0 51.3%
Slide 5: 2. Portfolio Breakdown
2. Portfolio Breakdown
Slide 6: Consolidated Portfolio Breakdown as of 2Q24
Consolidated Portfolio Breakdown as of 2Q24 Consolidated Portfolio 2Q24 2Q23 Var. (%) / Diff. Total Balance (FHipo's Participation) (1) $22,172 million $23,830 million (6.96%) Total Number of Loans 69,538 79,127 (12.12%) Average co-participated loan balance by Mortgage Loan $318,849 $301,163 5.87% A
Slide 7: Distribution of our Consolidated Portfolio
Distribution of our Consolidated Portfolio(1) By Loan-to-Value (LTV) By borrower’s income 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 in 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 granted by a Issuance of securities / certificates Issuance of securities / certificates by an issuing trust, private entity, backed by ba
Slide 11: Funding Structures as of 2Q24
Funding Structures as of 2Q24 (Figures in millions of pesos, MXN) Funding Structures Type of Funding Benchmark Rate Margin Maximum Amount Amount Withdrawn Legal Maturity CDVITOT 13U 3.46% (real) (1) - - $312 (2) 2041 (1) (2) CDVITOT 14U 2.49% (real) - - $252 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 2Q24(1) NPLs / CP(1) with portfolio balance at origination Expected Loss / CP (1) NPLs / CP (1) 0.18% 0.02% 7.39% 0.12% 0.10% All
Slide 13: Attractive Risk-Return Profile
Attractive Risk-Return Profile Asset Yield - Origination Program Consolidated Cost of Debt - Funding Rates Fixed Rate Spread Short-Term Long-Term (1) (2) 14.1% 13.2% 11.9% 12.0% (1) 10.8% 10.9% 1.35% 0.40% 10.0% VSM 8.96% 8.06% 8.37% VSM 6.73% TIIE TIIE 4.13% 3.46% 2.90% 2.49% UDI UDI UDI UDI FOVISS
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 2Q24 2Q23 Figures in thousands of MXN 2Q24 2Q23 Interest on mortgage loans $306,256 $286,492 Cash and cash equivalents $1,435,367 $1,531,831 Investment Income 31,382 49,951 Loans, ne
Slide 16: Key Metrics and Relevant Financial Information
Key Metrics and Relevant Financial Information Figures are presented according to each metric (%, $) Quarter to Quarter 2Q24 2Q23 Financial Margin and Interest Revenues Financial Margin - "interest revenue - interest expense / total interest revenue" 51.25% 47.75% Net Interest Margin (NIM)(1) - "tot
Slide 17: 5. Financial Statements
5. Financial Statements
Slide 18: Balance Sheet
Balance Sheet (Figures in thousands of Mexican Pesos) 2Q24 2Q23 Variation % Var ASSETS Cash and cash equivalents $1,435,367 $1,531,831 ($96,464) (6.3%) Loans, net 10,133,102 10,133,132 (30) (0.0%) Collection rights, net 94,332 98,927 (4,595) (4.6%) Receivable benefits in securitization transactions
Slide 19: Income Statement
Income Statement (Figures in thousands of Mexican Pesos, except net income per CBFI) Quarter to Quarter 2Q24 2Q23 Variation % Var REVENUES Interests on mortgage loans $306,256 $286,492 $19,764 6.9% Investment income 31,382 49,951 (18,569) (37.2%) Total net interest income 337,638 336,443 1,195 0.4%
Slide 20: Disclaimer
Disclaimer This document was produced for informational purposes only, for the exclusive use of the recipient. It should be understood as informational and should not be considered as a basis for any investment or financial transaction, therefore FIDEICOMISO HIPOTECARIO F/2061 (“FHipo”, the “Company
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