Fideicomiso Irrevocable F/2061 · BIVA:FHIPO/14
Fideicomiso Irrevocable F/2061 — FHipo (Fideicomiso Hipotecario F/2061) — Q3 2023 Earnings Presentation
20 slides from Fideicomiso Irrevocable F/2061's earnings presentation, Oct 27, 2023
Slide 1: 3rd Quarter 2023 Results
Investment that Transforms 3rd Quarter 2023 Results October 27th, 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 3Q23
Performance and Achievements during 3Q23 Indicators of Profitability 3Q23 ROE ROA Fin. Margin Est. Distribution per EPS CBFI 48.6% 11.4% 47.8% Ps. 0.717 (1) Ps. 0.681 (1) 7.3% 4.9% 8.0% Yield per CBFI 17.4% (2) 2Q23 vs 3Q23 Growing Mortgage Portfolio – YAVE and KREDI Conservative Coverage Strategy (
Slide 5: 2. Portfolio Breakdown
2. Portfolio Breakdown
Slide 6: Consolidated Portfolio Breakdown as of 3Q23
Consolidated Portfolio Breakdown as of 3Q23 Consolidated Portfolio 3Q23 3Q22 Var. (%) / Diff. Total Balance (FHipo's Participation) (1) $23,088 million $25,124 million (8.10%) Total Number of Loans 76,188 85,605 (11.00%) Average co-participated loan balance by Mortgage Loan $303,045 $293,493 3.25% 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 3Q23
Funding Structures as of 3Q23 (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) - - $448 (2) 2041 (1) CDVITOT 14U 2.49% (real) - - $294 (2) 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 3Q23(1) 0.10% 0.09% 0.14% 0.02% 6.75% NPLs / CP(1) with portfolio balance at origination 0.41% NPLs considering Portfolio's Expec
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 Short-Term Long-Term 14.6% 14.4% (2) 13.0% (2) SWAP 11.9% 12.0% 1.35% 10.9% 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%
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 3Q23 3Q22 Figures in thousands of MXN 3Q23 3Q22 Interest on mortgage loans $296,857 $304,799 Cash and cash equivalents $1,816,763 $1,555,856 Investment Income 42,309 36,401 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 3Q23 3Q22 3Q23 3Q22 Financial Margin and Interest Revenues Financial Margin - "interest revenue - interest expense / total interest revenue" 48.63% 56.50% 48.80% 57.68
Slide 17: 5. Financial Statements
5. Financial Statements
Slide 18: Balance Sheet
Balance Sheet (Figures in thousands of Mexican Pesos) 3Q23 3Q22 Variation % Var ASSETS Cash and cash equivalents $1,816,763 $1,555,856 $260,907 16.8% Loans, net 9,975,124 10,534,742 (559,618) (5.3%) Collection rights, net 98,732 99,912 (1,180) (1.2%) Receivable benefits in securitization transaction
Slide 19: Profit & Loss
Profit & Loss (Figures in thousands of Mexican Pesos, except net income per CBFI) Quarter to Quarter Year to date 3Q23 3Q22 Variation % Var 3Q23 3Q22 REVENUES Interests on mortgage loans $296,857 $304,799 ($7,942) (2.6%) $885,472 $961,996 Investment income 42,309 36,401 5,908 16.2% 141,726 76,375 To
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) — Q3 2023 Earnings Presentation on 6ix