Financiera Independencia Sab De Cv · BMV:FINDEP
Financiera Independencia Sab De Cv — Q1 2026 Earnings Presentation
26 slides from Financiera Independencia Sab De Cv's earnings presentation, 2026
Slide 1: 1Q26 Company Presentation
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Slide 2: Disclaimer
Disclaimer The material that follows contains certain information about Financiera Independencia, S.A.B. de C.V, SOFOM, E.N.R. (the “Company” or “FISA”) and its subsidiaries (collectively, “Financiera Independencia” or “Findep”), including Apoyo Económico Familiar, S.A. de C.V., SOFOM, E.N.R. (“AEF”
Slide 3: Table of Contents
Table of Contents Executive Summary & Company Overview 4 Timeline 6 Financial chart 7 I. Unique Business Model 11 II. Balance risk and growth 14 III. Growth in the US 18 IV. Efficiency through technology 22 Final Remarks 24 Connect with us 25 3
Slide 4: FINDEP Profile: Who we are
FINDEP Profile Unique Expertise in Microcredit Lending Leading microfinance institution in Mexico and the US Who we are with 32+ years of experience. ● Providing microcredit loans to Extensive Coverage and Digital Touchpoints low income individuals. Extensive coverage reaches target population while ●
Slide 5: FINDEP Profile
FINDEP Profile Region Subsidiary Loan Book Clients Sectors AFI1 US$ 172 m 31 k Formal Formal & FISA2 US$ 141 m 152 k Informal Formal & AEF3 US$ 114 m 79 k Informal Current footprint Geographic expansion HR A+ Long-Term BB HR2 Short-Term FINDEP’s Credit Rating Listed on the Outlook: Stable Outlook: St
Slide 6: 32+ years of Mission-Driven Focus on the underserved Population
32+ years of Mission-Driven Focus on the underserved Population Corporate history includes: 1st SOFOL, Mexico IPO and US presence since 2011 1 - Sociedad Financiera de Objeto Limitado (SOFOL) 2 - Sociedad Financiera de Objeto Múltiple (SOFOM) 2024 2019 2017 FINDEP Processes reported the 2010 2013 20
Slide 7: Current Situation: Strengthened Balance Sheet
Current Situation Strengthened Balance Sheet 1Q26 vs. 1Q26 vs. Million Pesos 2016 2025 1Q26 2016 2025 Total Assets 12,155 11,369 11,403 -6% 0.3% Tangible Assets (a) 10,568 10,360 10,395 -2% 0.3% Total Portfolio 7,448 7,863 7,638 3% -3% Total Portfolio (FISA+AEF+AFI) 5,476 7,863 7,638 39% -3% Net Deb
Slide 8: Successful note issues over the years
Successful note issues over the years Diversified Debt Funding ~USD 0.84 billion Attractive average Consistent market raised in 6 issues spread access across cycles Year Instrument Amount (USD) Coupon Maturity Structure 2010 Senior Guaranteed Notes 200 MM 10.00% 2015 Secured 2014 Senior Notes 200 MM
Slide 9: FINDEP
FINDEP * Company Overview - Financial Results * Growth Strategy
Slide 10: Evolution of Business Model
Evolution of Business Model Unique Business Balance risk and growth 0 Model 01 ● Stable and profitable throughout economic cycles. 2 ● ● Continued investment in analytics. Focus on businesses where we have ● Knowledge of the segment and the deep expertise. business built through experience with ● Man
Slide 11: Unique Business Model
01 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 maintai
Slide 12: Current Situation: Benefiting from operating efficiencies
01 Current Situation Benefiting from operating efficiencies Principal lines of Income Statement 2016 3M26 annualized % of average portfolio % 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 ave
Slide 13: Consistent gains in net income
01 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) 2.5x * Excluding write-off of Finsol Mexico’s goodwill effect for MXN 448 m in 2020, and MXN 311 m in excess discretionary reserves, w
Slide 14: Mexico and US Portfolio Performance
02 Balance risk and growth Mexico and US Portfolio Performance Total Loan Portfolio (Thousands MXN) Consistent performance Top line remains strong Proactivity & Strength of the Company’s strategy 14
Slide 15: Continued Investment in Analytics
02 Balance risk and growth Continued Investment in Analytics Then Now People Limited analytical tearn 90+ collaborators dedicated to analytics (staff) Fragmented data warehouses Data Unified cloud data platform (>12TB) on Google (1TB) End-to-end credit lifecycle models covering Basic risk and collect
Slide 16: Focus on individual unsecured loans to simplify the corporate structure
02 Balance risk and growth Focus on individual unsecured loans to simplify the corporate structure Strategic view ● Important synergies exist between businesses ● Individual unsecured loans can achieve in Mexico and the United States focusing on efficiencies through digital transformation. the same b
Slide 17: Actions taken to support stakeholder confidence
02 Balance risk and growth Actions taken to support stakeholder confidence Strengthened Balance Sheet ● Robust Balance Sheet: Solvency remains a core strength with a strong 49.2% equity-to-asset ratio. ● Effective Cycle Navigation: Proactive strategy focused on asset quality and selective origination
Slide 18: AFI has grown 3.0x since 2016
03 Growth in the US AFI has grown 3.0x since 2016 USD $172M 3.0x growth States CA,TX, AZ AFI Portfolio since 2016 footprint AFI (US) Portfolio, USDm ● Unserved Hispanic 3.0x 172m market of roughly 62m people. ● Proven business model poised for growth. ● Opportunities in efficiency based on 57m scale.
Slide 19: From branch-dependent to scalable, analytics-driven US platform
03 Growth in the US From branch-dependent to scalable, analytics-driven US platform Then Now Branch-centric model with in-person contact Digital-first, hybrid business model Larger addressable market enabled by digital Limited micro-market around branches channels 100% cash payments at branch 100% di
Slide 20: Increase in operating leverage has yielded significant efficiency
03 Growth in the US An increase in operating leverage has yielded significant efficiency AFI Non-Interest Expenses / Average Loan Portfolio Sustained efficiency gains: Non-interest expenses as % of portfolio reduced from 22% (2016) to ~14% (1Q26). 20
Slide 21: Platform architecture
Platform architecture Number of Micro-Services Developed Landing Event Driven Architecture FINDEP has an Event-Derived Architecture, reducing 13.15x the problems of close coordination of microservices, error and retry management, and coordination between development teams Hyper Agile Team “We embrac
Slide 22: Technology has allowed us to do more with less
04 Efficiency through technology Technology has allowed us to do more with less Loan Portfolio per Employee (Thousands MXN) Initiatives 2.6x ● Migrating IT platform to the cloud. ● Developed mobile tools to enable efficiency of Customer Service staff. ● Self service tools for our customers. Outcome ●
Slide 23: Technology has allowed us to do more with less
04 Efficiency through technology Technology has allowed us to do more with less Monthly average origination per employee (Includes all FINDEP employees) Thousands MXN +56% Technology adoption drove a 56% increase in origination per employee, delivering scalable efficiency and operating leverage with a
Slide 24: Final Remarks
Final Remarks Solid and consistent results with disciplined execution of our key priorities Our cash generation, a unique characteristic of our business model, gives us financial flexibility. We maintain historic coverage levels and a highly resilient balance sheet. Growth in the US business remains a
Slide 25: Contact Us
CONTACT US Jose Maria Cid Michavila (55) 5229-0200 jcid@apoyofin.com findep_ir@findep.com.mx
Slide 26: Slide 26
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