Fideicomiso Irrevocable F/2061 · BIVA:FHIPO/14
Fideicomiso Irrevocable F/2061 — FHipo (Fideicomiso Hipotecario F/2061) — Q4 2023 Earnings Presentation
20 slides from Fideicomiso Irrevocable F/2061's earnings presentation, Feb 23, 2024
Slide 1: 4th Quarter 2023 Results
Investment that Transforms 4th Quarter 2023 Results February 23rd, 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 4Q23
Performance and Achievements during 4Q23 Attractive Profitability Indicators Stable Earnings per CBFI (EPS) | Last four years (Figures in pesos, MXN) Ps. 2.397 Ps. 2.031 Ps. 1.993 Ps. 1.970 Average 2023 Ps. 1.574 Est. Distribution Yield EPS1 per CBFI1 per CBFI2 Ps. 0.531 Ps. 0.505 13.6% 2020 2021 20
Slide 5: 2. Portfolio Breakdown
2. Portfolio Breakdown
Slide 6: Consolidated Portfolio Breakdown as of 4Q23
Consolidated Portfolio Breakdown as of 4Q23 Consolidated Portfolio 4Q23 4Q22 Var. (%) / Diff. Total Balance (FHipo's Participation) (1) $22,813 million $24,653 million (7.46%) Total Number of Loans 74,040 83,519 (11.35%) Average co-participated loan balance by Mortgage Loan $308,115 $295,174 4.38% 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 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 4Q23
Funding Structures as of 4Q23 (Figures in millions of pesos, MXN) Maximum Funding Structures Type of Funding Benchmark Rate Margin Amount Withdrawn Legal Maturity Amount (1) (2) CDVITOT 13U 3.46% (real) - - $378 2041 (1) (2) CDVITOT 14U 2.49% (real) - - $298 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 4Q23(1) NPLs / CP(1) with portfolio balance at origination 0.11% 0.09% 0.15% 0.02% 6.81% NPLs considering Portfolio's Expected Lo
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 14.6% (2) 13.0% 11.9% 12.0% 10.9% 1.35% 0.40% 10.5% 10.8% VSM (1) 8.96% 8.06% 8.37% VSM (1) 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 4Q23 4Q22 Figures in thousands of MXN 4Q23 4Q22 Interest on mortgage loans $295,538 $309,436 Cash and cash equivalents $1,329,635 $1,921,305 Investment Income 41,114 42,052 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 Year to date 4Q23 4Q22 4Q23 4Q22 Financial Margin and Interest Revenues Financial Margin - "interest revenue - interest expense / total interest revenue" 51.20% 54.16% 49.40% 56.79
Slide 17: 5. Financial Statements
5. Financial Statements
Slide 18: Balance Sheet
Balance Sheet (Figures in thousands of Pesos, MXN) 4Q23 4Q22 Variation % Var ASSETS Cash and cash equivalents $1,329,635 $1,921,305 ($591,670) (30.8%) Loans, net 10,149,047 10,477,139 (328,092) (3.1%) Collection rights, net 96,323 104,297 (7,974) (7.6%) Receivable benefits in securitization transact
Slide 19: Income Statement
Income Statement (Figures in thousands of Pesos, MXN, except net income per CBFI) Quarter to Quarter Year to date 4Q23 4Q22 Variation % Var 4Q23 4Q22 REVENUES Interests on mortgage loans $295,538 $309,436 ($13,898) (4.5%) $1,181,010 $1,271,432 Investment income 41,114 42,052 (938) (2.2%) 182,840 118
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
FHipo (Fideicomiso Hipotecario F/2061) — Q4 2023 Earnings Presentation on 6ix