Caixabank Sa · BME:CABK
Caixabank Sa — Debt Investor Presentation (March 2025)
21 slides from Caixabank Sa's debt investor presentation, March 2025
Slide 1: Covered Bond Investor Presentation
Covered Bond Investor Presentation March 2025
Slide 2: Disclaimer
Disclaimer The purpose of this presentation is purely informative. In regards with the data provided by third parties, neither CaixaBank, S.A. (“CaixaBank”) as a legal entity, nor any of its administrators, directors or employees, are obliged, either explicitly or implicitly, to guarantee that these
Slide 3: Contents
CONTENTS I. Covered Bonds Programme II. Mortgage Covered Bonds Programme III. Public Sector Covered Bonds Programme Appendix 3
Slide 4: Covered Bonds Programmes: Executive Summary
I. COVERED BONDS PROGRAMME Covered Bonds Programmes EXECUTIVE SUMMARY • Royal Decree-Law 24/2021 came into force on the 8th of July 2022 which adopts the European Union’s (EU) new covered bond framework (Directive 2019/2162) o New Cédulas regulation was applied to all outstanding covered bonds (€69B
Slide 5: Covered bonds Programmes main figures
I. COVERED BONDS PROGRAMMES Covered bonds Programmes main figures MORTGAGE COVERED BOND PUBLIC SECTOR COVERED BOND ISSUING CAPACITY (3) PROGRAMME PROGRAMME Mortgage cover pool Public sector cover pool Cover Pool Size (€M) 105,365 Cover Pool Size (€M) 7,928 Residential Assets 97,015 92.1% Public Sect
Slide 6: Contents
CONTENTS I. Covered Bonds Programmes II. Covered Bonds Mortgage Programme Covered Bonds Programme III. Public Sector Covered Bonds Programme Appendix 6
Slide 7: High quality collateral and strong overcollateralization
II. . MORTGAGE COVERED BONDS PROGRAMME High quality collateral and strong overcollateralization Always aiming at the best market standards EUROPEAN COVERED MORTGAGE COVERED Best treatment with regards to LCR and risk- BOND (PREMIUM) BOND RATINGS Aa1 AAA AA+ weighting purposes Since RD-Law 24/2021 ca
Slide 8: Additional issuing capacity and manageable maturity profile
II. MORTGAGE COVERED BONDS PROGRAMME Additional issuing capacity and manageable maturity profile ADDITIONAL ISSUING CAPACITY MATURITY PROFILE Remaining issuing capacity in €Bn In €M OC(2) Remaining issuing Public Retained Total Covered €12.4Bn Public 14,000 capacity(1)(2) bonds 193% €45.64Bn 12,000
Slide 9: Stable OC levels
II. MORTGAGE COVERED BONDS PROGRAMME Stable OC levels OC EVOLUTION (1) Bankia integration RDL 24/2021(2) 220% 197% 193% 140,000 200% 181% 182%184%186%182%181% 175%174% 120,000 164% 180% 158%159%157%156% 152% 142% 146%146% 143%144%146% 144% 160% 100,000 136% 132%132%132%132%128%128%134%132%132% 131%
Slide 10: CaixaBank mortgage covered bond programme – Residential assets
II. MORTGAGE COVERED BONDS PROGRAMME CaixaBank mortgage covered bond programme – Residential assets COVER POOL DESCRIPTION – MAIN FIGURES PORTFOLIO BREAKDOWN LOAN BALANC E BY LTV Total Mortgage Loans (€K) 97,014,656 Unindexed LTV Total Loan 35.0% % Number of loans 1,438,859 ranges distributions Bala
Slide 11: CaixaBank mortgage covered bond programme – Residential assets
II. MORTGAGE COVERED BONDS PROGRAMME CaixaBank mortgage covered bond programme – Residential assets SPECIFIC LOAN AND BORROWER CHARACTERISTICS PROPERTY TYPE LOAN PURPOSE GEOGRAPHICAL DISTRIBUTION €K % €K % €K % Catalonia 23,107,463 23.8% Primary residence 85,821,557 88.5% Acquisition 89,236,295 92.0
Slide 12: CaixaBank mortgage covered bond programme – Commercial assets
II. MORTGAGE COVERED BONDS PROGRAMME CaixaBank mortgage covered bond programme – Commercial assets COVER POOL DESCRIPTION – MAIN FIGURES PORTFOLIO BREAKDOWN LOAN BALANC E BY LTV Total Mortgage Loans (€K) 8,350,218 Unindexed LTV Total Loan Balance ranges distributions €K Number of loans 64,329 22.7%
Slide 13: CaixaBank mortgage covered bond programme – Commercial assets
II. MORTGAGE COVERED BONDS PROGRAMME CaixaBank mortgage covered bond programme – Commercial assets PORTFOLIO BREAKDOWN LOAN MATURITY GEOGRAPHICAL DISTRIBUTION years €K % €K % > 20% ≤5 1,392,646 16.7% Catalonia 2,065,703 24.7% Between 10% - 20% >5 - ≤10 3,175,171 38.0% Madrid 1,540,502 18.4% >10 - ≤1
Slide 14: Contents
CONTENTS I. Covered Bonds Programme II. Mortgage Covered Bonds Programme III. Covered Public Bonds Sector Programme Covered Bonds Programme 14
Slide 15: CaixaBank public sector covered bond programme
III. PUBLIC SECTOR COVERED BONDS PROGRAMME CaixaBank public sector covered bond programme REMAINING ISSUING CAPACITY MATURITY PROFILE Remaining issuing capacity in €Bn In €M Remaining issuing Total Covered €0.0Bn Public OC capacity(1) bonds 396% €5.55Bn €2.0Bn Public Retained €2.0Bn Retained 2,000 R
Slide 16: High quality and low risk cover pool
IV. PUBLIC SECTOR COVERED BONDS PROGRAMME High quality and low risk cover pool COVER POOL DESCRIPTION – MAIN FIGURES PORTFOLIO BREAKDOWN LOAN MATURITY Total Mortgage Loans (€K) 7,928,341 Total Loan Loan maturity Number of loans 1,414 Balance % (months) €k 49.2% Average Loan balance (€) 5,607,030 < 1
Slide 17: Appendix
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Slide 18: CaixaBank covered bond issuances (I/III)
APPENDIX CaixaBank covered bond issuances (I/III) SPANISH MORTGAGES – PUBLIC DEALS COVERED BONDS ISIN Currency Issue Date Outstanding (€) Maturity Date Coupon Investor Type ES0413307093 EUR 25/03/2015 1,285,500,000 25/09/2025 1.000% Institutional ES0440609339 EUR 11/01/2017 1,600,000,000 11/01/2027
Slide 19: CaixaBank covered bond issuances (II/III)
APPENDIX CaixaBank covered bond issuances (II/III) SPANISH MORTGAGES – RETAINED DEALS COVERED BONDS ISIN Currency Issue Date Outstanding (€) Maturity Date Coupon Investor Type ES0440609370 EUR 19/10/2017 750,000,000 19/10/2025 Eur 6m+0.24% Institutional ES0440609156 EUR 19/06/2012 3,000,000,000 19/0
Slide 20: CaixaBank covered bond issuances (III/III)
APPENDIX CaixaBank covered bond issuances (III/III) SPANISH MORTGAGES – COVERED BONDS (NON €) ISIN Currency Issue Date Outstanding Maturity Date Coupon Investor Type ES0440609388 USD 30/10/2017 711,200,000 30/10/2025 Libor 6m +0.59% Institutional XS0273475094 USD 01/11/2006 255,000,000 02/02/2037 Li
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