Fideicomiso Irrevocable F/2061 · BIVA:FHIPO/14

Fideicomiso Irrevocable F/2061 — FHipo — Q2 2020 Earnings Presentation

23 slides from Fideicomiso Irrevocable F/2061's earnings presentation, Jul 28, 2020

  1. Slide 1: 2nd Quarter 2020 Results

    Inversión que Transforma INVESTOR RELATIONS Ignacio Gutiérrez / CFO ig@fhipo.com María Cristina Tolosa / IR ct@fhipo.com 2nd Quarter 2020 Results inverstorrelations@fhipo.com July 28th, 2020 Ph: +52 (55) 4744-1100 www.fhipo.com [ENGLISH TRANSLATION FOR INFORMATION PURPOSES ONLY, IN THE EVENT OF ANY

  2. Slide 2: Index

    Index 1 Performance and Achievements During the Quarter 2 Portfolio Composition – 2Q20 3 Leverage Strategy 4 Financial Results & Key Metrics 5 Financial Statements – 2Q20 6 Performance of our CBFIs – 2Q20 2

  3. Slide 3: 1. Performance and Achievements During the Quarter

    1. Performance and Achievements During the Quarter

  4. Slide 4: Performance and Achievements During 2Q20

    Performance and Achievements During 2Q20 Return on Equity (ROE) Effects of the Internalization on FHipo’s Results 10% A decrease in administrative expenses mainly driven by the successful (1) 9% 8.5% Internalization of our Advisor and Manager, as we have generated savings in 8% (2) administrative ex

  5. Slide 5: FHipo's response to COVID-19 Pandemic

    FHipo’s response to COVID-19 Pandemic Preventive Measures Taken by FHipo Against COVID-19 Pandemic FHipo’s Strengths Against COVID-19 Pandemic • Since March 17th, 2020, we continue working remotely, without impacting 1 2 3 the Company’s operations. Mitigated risk in exposure to exchange rate with no

  6. Slide 6: 2. Portfolio Composition – 2Q20

    2. Portfolio Composition – 2Q20

  7. Slide 7: Consolidated Portfolio Composition as of 2Q20

    Consolidated Portfolio Composition as of 2Q20 Summary of FHipo’s Consolidated Portfolio Characteristics (loan balance as of June 30th, 2020) FHipo - Consolidated Portfolio 2Q20 2Q19 Var. (%) / Diff. Total Balance (FHipo's Participation) $28,942 million (1) $30,794 million (1) (6.01%) Total Number of

  8. Slide 8: 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

  9. Slide 9: Diversified Portfolio with Strategic Partners

    Diversified Portfolio with Strategic Partners (1) INFONAVIT’s Portfolio FOVISSSTE’s Portfolio Smart Lending’s 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 INFONAV

  10. Slide 10: 3. Leverage Strategy

    3. Leverage Strategy

  11. Slide 11: 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

  12. Slide 12: Funding Structures as of 2Q20

    Funding Structures as of 2Q20 Funding Structures (figures in millions of pesos) Funding Structures Type of Funding Benchmark Rate Margin Maximum amount Amount Withdrawn Legal Maturity CDVITOT 13U UDIBONO 2017 (1.54%) +192 bps - $809 (1) 2041 (1) CDVITOT 14U UDIBONO 2018 (1.30%) +119 bps - $642 2042

  13. Slide 13: High Asset Quality

    High Asset Quality In this slide we illustrate the development of our Non-Performing Loan (NPL) ratio, as well as our adequate 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

  14. Slide 14: Attractive Risk-Return Profile

    Attractive Risk-Return Profile Estimated spread between FHipo’s Asset Yield vs. Debt Cost as of 2Q20 Asset yield per origination program Funding rates Short-Term Long-Term Funding Funding 12.8% 13.5% (1) 11.9% 12.0% 10.8% 10.9% VSM (2) SWAP 8.7% 0.70% 0.70% 1.50% VSM (2) 8.78% 7.00% 4.13% 3.46% TIIE

  15. Slide 15: 4. Financial Results & Key Metrics

    4. Financial Results & Key Metrics

  16. Slide 16: Solid Financial Results in 2Q20

    Solid Financial Results in 2Q20 P&L Summary 2Q20 Balance Sheet Summary Figures in thousands of MXN 2Q20 2Q19 Figures in thousands of MXN, except the Net Income per CBFI 2Q20 2Q19 Cash and investments in securities $2,308,652 $2,500,636 Interest on mortgage loans $609,560 $606,697 (2) Mortgage loans,

  17. Slide 17: Our Key Metrics and Relevant Financial Information in 2Q20

    Our Key Metrics and Relevant Financial Information in 2Q20 Main Financial Metrics Quarter to Quarter We closed 2Q20 with a Financial Figures are presented according to each metric (%, $) 2Q20 2Q19 Margin (adjusted by allowance Financial Margin and Interest Revenue for loan losses) of 33.5%, Financia

  18. Slide 18: 6. Financial Statements – 2Q20

    6. Financial Statements – 2Q20

  19. Slide 19: Financial Statements – Balance Sheet

    Financial Statements – Balance Sheet Balance Sheet 2Q20 (figures in thousands of MXN pesos) 2Q20 2Q19 Variation % Var ASSETS Cash and cash equivalents $2,308,652 $2,500,636 ($191,984) (7.7%) Debt securities 0 0 0 N/A Current loans 20,778,609 21,619,422 (840,813) (3.9%) Past due loans 394,726 447,502

  20. Slide 20: Financial Statements – P&L

    Financial Statements – P&L Income Statement (figures in thousands of MXN pesos, except EPS) Quarter to Quarter Year to date 2Q20 2Q19 Variation % Var 2Q20 2Q19 REVENUES Interests on mortgage loans $609,560 $606,697 $2,863 0.5% $1,254,388 $1,234,277 Investment income 28,235 37,411 (9,176) (24.5%) 62,

  21. Slide 21: 7. Performance of Our CBFIs – 2Q20

    7. Performance of Our CBFIs – 2Q20

  22. Slide 22: Performance of FHipo's CBFIs During 2Q20

    Performance of FHipo’s CBFIs During 2Q20 FHipo’s Certificados Bursátiles Fiduciarios Inmobiliarios (CBFIs) Performance During 2Q20 # de CBFIs MXN $  FHipo´s distribution in regards to the first quarter of 2020 took place. (May, 21)  FHipo announced a restrike on the interest rate coverage SWAP. (A

  23. Slide 23: 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

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