Fideicomiso Irrevocable F/2061 · BIVA:FHIPO/14
Fideicomiso Irrevocable F/2061 — FHipo — Q3 2020 Earnings Presentation
23 slides from Fideicomiso Irrevocable F/2061's earnings presentation, Oct 28, 2020
Slide 1: 3rd Quarter 2020 Results
Inversión que Transforma INVESTOR RELATIONS Ignacio Gutiérrez / CFO ig@fhipo.com María Cristina Tolosa / IR ct@fhipo.com 3rd Quarter 2020 Results inverstorrelations@fhipo.com October 28th, 2020 Ph: +52 (55) 4744-1100 www.fhipo.com [ENGLISH TRANSLATION FOR INFORMATION PURPOSES ONLY, IN THE EVENT OF A
Slide 2: Index
Index 1 Performance and Achievements During the Quarter 2 Portfolio Composition – 3Q20 3 Leverage Strategy 4 Quarterly Financial Results & Key Metrics 5 Financial Statements – 3Q20 6 Performance of our CBFIs – 3Q20 2
Slide 3: 1. Performance and Achievements During the Quarter
1. Performance and Achievements During the Quarter
Slide 4: Performance and Achievements During 3Q20
Performance and Achievements During 3Q20 Strong Financial Margin FHipo reopens its Mortgage Securitization Program Strong Financial Margin represented an increase of 19.6% compared to the same During the quarter, we took actions to restart our securitization issuances in the quarter of the previous
Slide 5: FHipo's response to COVID-19 Pandemic
FHipo’s response to COVID-19 Pandemic Preventive Measures Taken by FHipo Against the 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 rates wi
Slide 6: 2. Portfolio Composition – 3Q20
2. Portfolio Composition – 3Q20
Slide 7: Consolidated Portfolio Composition as of 3Q20
Consolidated Portfolio Composition as of 3Q20 Summary of FHipo’s Consolidated Portfolio Characteristics (Loan balance as of September 30th, 2020) Consolidated Portfolio 3Q20 3Q19 Var. (%) / Diff. (1) (1) Total Balance (FHipo's Participation) $28,602 million $30,478 million (6.16%) Total Number of Lo
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
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
Slide 10: 3. Leverage Strategy
3. Leverage Strategy
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
Slide 12: Funding Structures as of 3Q20
Funding Structures as of 3Q20 Funding Structures (Figures in millions of pesos) Funding Structures Type of Funding Benchmark Rate Margin Maximum amount Amount Withdrawn Legal Maturity (1) CDVITOT 13U UDIBONO 2017 (1.54%) +192 bps - $823 2041 (1) CDVITOT 14U UDIBONO 2018 (1.30%) +119 bps - $580 2042
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
Slide 14: Attractive Risk-Return Profile
Attractive Risk-Return Profile Estimated spread between FHipo’s Asset Yield vs. Debt Cost as of 3Q20 Asset yield per origination program Funding rates Fixed Rate Pesos SWAP (3) TIIE Fixed Rate in UDI Spread (1) 14.2% 13.5% 11.9% 12.0% Long-Term Funding Short-Term 10.8% 10.9% Funding 9.4% VSM (2) SWA
Slide 15: 4. Financial Results & Key Metrics
4. Financial Results & Key Metrics
Slide 16: Solid Financial Results in 3Q20
Solid Financial Results in 3Q20 P&L Summary Balance Sheet Summary Figures in thousands of MXN, except the Net Income per CBFI 3Q20 3Q19 Figures in thousands of MXN 3Q20 3Q19 Interest on mortgage loans $587,312 $603,286 Cash and investments in securities $2,067,195 $1,988,367 Investment income 17,583
Slide 17: Our Key Metrics and Relevant Financial Information in 3Q20
Our Key Metrics and Relevant Financial Information in 3Q20 Main Financial Metrics Figures are presented according to each metric (%, $) Quarter to Quarter Year to date 3Q20 3Q19 3Q20 3Q19 We closed 3Q20 with a Financial Margin and Interest Revenue Financial Margin of 45.2%, Financial Margin - "inter
Slide 18: 6. Financial Statements – 3Q20
6. Financial Statements – 3Q20
Slide 19: Financial Statements – Balance Sheet
Financial Statements – Balance Sheet Balance Sheet 3Q20 (Figures in thousands of MXN pesos) 3Q20 3Q19 Variation % Var ASSETS 3Q20 3Q19 Variation % Var Cash and cash equivalents ASSETS $2,067,195 $1,988,353 $78,842 4.0% Cash and Debt cash equivalents securities $2,067,1950 $1,988,353 14 $78,842 (14)
Slide 20: Financial Statements – P&L
Financial Statements – P&L Income Statement (Figures in thousands of MXN pesos, except EPS) (In Thousands of Mexican Pesos, except Net Income per CBFI) Quarter to Quarter Year to date 3Q20 3Q19 Variation % Var 3Q20 3Q19 REVENUES Interests on mortgage loans $587,312 $603,286 ($15,974) (2.6%) $1,841,7
Slide 21: 7. Performance of Our CBFIs – 3Q20
7. Performance of Our CBFIs – 3Q20
Slide 22: Performance of FHipo's Stock (CBFIs) During 3Q20
Performance of FHipo’s Stock (CBFIs) During 3Q20 FHipo’s Stock (Certificados Bursátiles Fiduciarios Inmobiliarios - CBFIs) Performance During 3Q20 # of CBFIs The exchange of the Title covering the Stock Certificates was carried out, derived from MXN $ the resolutions adopted by the Shareholders of
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