Financiera Independencia Sab De Cv · BMV:FINDEP
Financiera Independencia Sab De Cv — Q3 2025 Earnings Presentation
17 slides from Financiera Independencia Sab De Cv's earnings presentation, 2025
Slide 1: Company Presentation 3Q25
3Q25 c 2 r=] © Ph] c o 1) 7) = a > c © Qa E O° O
Slide 2: Disclaimer
Disclaimer This presentation was prepared solely for informational purposes and does not constitute, and is not to be construed as, an offer or solicitation of an offer to subscribe for or purchase or sell any securities. The securities mentioned in this presentation have not been and will not be re
Slide 3: Company Overview
Company Overview Findep (the “Company”), leader in bringing financial inclusion to the underserved Hispanic communities through responsible lending and insurance products. Key Pillars Subsidiaries Proven business focused on a large, growing target market Financiera Apoyo Económico Apoyo Financiero In
Slide 4: 3Q 2025 Highlights
3Q 2025 Highlights Highlights Important Actions Findep continues to demonstrate progress across its businesses and the introduction of advanced AI tools, delivering consistent results during the quarter. HR Ratings’ Affirms Net Profit MX$ 143 million HR A+ and HR 2 (-28% YoY) Interest Income MX$ 1.3 b
Slide 5: Current Situation: Strengthened Balance Sheet
Current Situation Strengthened Balance Sheet 3Q25 vs. 3Q25 vs. Million Pesos 2016 2024 3Q25 2016 2024 Total Assets 12,155 11,670 11,592 -5% -1% Tangible Assets (a) 10,568 10,661 10,583 0.1% -1% Total Portfolio 7,448 8,456 7,984 7% -6% Total Portfolio (FISA+AEF+AFI) 5,476 8,456 7,984 46% -6% Net Debt
Slide 6: Current Situation: Benefiting from operating efficiencies
Current Situation Benefiting from operating efficiencies Principal lines of Income Statement 2016 9M25 annualized % of average portfolio % of average portfolio *LLR methodology is not comparable as we implemented the CNBV methodology in 1Q22. As a proxy, TTM write-offs to average portfolio increased f
Slide 7: Consistent gains in net income
Current Situation Our strategy and execution have yielded consistent gains in net income Net Income excluding one-off, non-cash effects on results (Million Pesos) 2.6x * Excluding write-off of Finsol Mexico’s goodwill effect for MXN 448 m in 2020, and MXN 311 m in excess discretionary reserves, whic
Slide 8: Our strategy and execution have yielded consistent gains in net income
Our strategy and execution have yielded consistent gains in net income Excluding one-offs non-cash events 1Q 2Q 3Q 4Q Total 2016 53 40 81 60 234 2017 68 66 60 30 225 2018 27 82 74 80 262 2019 63 89 76 97 324 2020* 69 (57) (29) *53 36 2021** 113 121 121 **123 479 2022 147 151 153 174 625 2023 166 165
Slide 9: Investment Highlights
Investment Highlights 1 Unique ● Stable and profitable through economic and market cycles Business ● Knowledge of the segment and the business built through Model experience with millions of loans originated 2 ● Continued investment in analytics Balance risk ● Focus on businesses where we have deep e
Slide 10: Unique Business Model
1 Unique Business Model Consistent profitability and low volatility through crises Consistent Profitability and Improving Asset Quality* Our portfolio has yielded consistently over 40% annually in Total Operating Revenue even through the worst of the pandemic. Likewise, NPLs have continued to decrease
Slide 11: Balance risk and growth: Mexico and US Portfolio Performance
2 Balance risk and growth Mexico and US Portfolio Performance 11
Slide 12: Balance risk and growth
2 Balance risk and growth Focus on individual unsecured loans to simplify the corporate structure ● Individual unsecured loans can achieve efficiencies through digital transformation ● Aligned with our expertise. Strong skills in Data Analytics, Risk Management, and Systematic Operation are key to su
Slide 13: Growth in the US: AFI has grown 2.8x since 2016
3 Growth in the US AFI has grown 2.8x since 2016 AFI (US) Portfolio, USDm ● Our US portfolio has grown 2.9x in the last 8.75 years, a 12.8% 2.9x 163m CAGR, mostly in California. ● Unserved Hispanic market (62m) in the US, with California being the largest market. ● Proven business model poised for g
Slide 14: Growth in the US: Operating leverage and efficiency
3 Growth in the US An increase in operating leverage has yielded significant efficiency AFI Non-Interest Expenses / Average Loan Portfolio 14
Slide 15: Efficiency through technology
4 Efficiency through technology Technology has allowed us to do more with less Loan Portfolio per Employee (Thousands MXN) Initiatives ● Migrating IT platform 2.6x to the cloud. ● Developed mobile tools to enable efficiency of Customer Service staff. ● Self service tools for our customers. Outcome ● O
Slide 16: Efficiency through technology: origination per employee
4 Efficiency through technology Technology has allowed us to do more with less Monthly average origination per employee (Includes all FINDEP employees). Thousands MXN +65% 16
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