Fideicomiso Irrevocable F/2061 · BIVA:FHIPO/14
Fideicomiso Irrevocable F/2061 — FHipo — Q1 2022 Earnings Presentation
20 slides from Fideicomiso Irrevocable F/2061's earnings presentation, Apr 29, 2022
Slide 1: 1st Quarter 2022 Results
Investment that Transforms 1st Quarter 2022 Results April 29th, 2022 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 – 1Q22 2 Portfolio Breakdown – 1Q22 3 Leverage Strategy 4 Financial Results and Key Metrics 5 Financial Statements – 1Q22 2
Slide 3: 1. Performance and Achievements – 1Q22
1. Performance and Achievements – 1Q22
Slide 4: Performance and Achievements During 1Q22
Performance and Achievements During 1Q22 Solid Return-on-Equity (ROE) during 1Q22 HR Ratings Upgrades Credit Ratings HR Ratings upgraded FHipo's credit rating and FHipo's Dual Program credit rating. Thus demonstrating FHipo's solid credit position as Company. 8.5% (1) 8.1% 7.3% Dual (1) Program HR A
Slide 5: 2. Portfolio Breakdown – 1Q22
2. Portfolio Breakdown – 1Q22
Slide 6: Consolidated Portfolio Breakdown as of 1Q22
Consolidated Portfolio Breakdown as of 1Q22 Consolidated Portfolio 1Q22 1Q21 Var. (%) / Diff. Total Balance (FHipo's Participation) $26,772 million ( 1) $28,060 million ( 1) (4.59%) Total Number of Loans 91,470 98,183 (6.84%) Average co-participated loan balance by Mortgage Loan $292,691 $285,791 2.
Slide 7: 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 port
Slide 8: Diversified Portfolio
Diversified Portfolio(1) INFONAVIT Portfolio YAVE Portfolio FOVISSSTE Portfolio By borrower’s salary in VSM (2) at origination date By borrower’s salary at origination date By borrower’s salary in VSM (2) at origination date (As % of total loans within INFONAVIT’s portfolio) (As % of total loans wit
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 / certificates, by an issuing trust Credit facility conceded by a Issuance of securities/certificates Issuance of with loans that collateralize private enti
Slide 11: Funding Structures as of 1Q22
Funding Structures as of 1Q22 Maximum Funding Structures Type of Funding Benchmark Rate Margin Amount Withdrawn Legal Maturity amount (1) (2) CDVITOT 13U 3.46% (real) - - $585 2041 (1) (2) CDVITOT 14U 2.49% (real) - - $397 2042 (1) (2) CDVITOT 15U 2.90% (real) - - $1,050 2043 (1) (2) FHIPOCB 17U 4.1
Slide 12: Solid Asset Quality
Solid Asset Quality Evolution of the consolidated Non-Performing Loan Ratio (“NPL”) and the Allowance for Loan Losses NPL considering Portfolio's (1) Balance at Origination: 4.96% NPLs as a % of the Consolidated Portfolio (“CP”) as of the 1Q22 (1) NPLs / CP (1) with portfolio balance at origination
Slide 13: Attractive Risk-Return Profile
Attractive Risk-Return Profile Asset Yield - Origination Program Cost of Debt - Funding Rates (3) SWAP TIIE Fixed Rate Spread 16.8% Long-Term Short-Term (2) 12.8% 12.5% 11.9% 12.0% 10.8% 10.9% VSM (1) SWAP 8.96% 8.06% 8.37% 1.41% 2.00% 0.74% 0.71% 0.60% 0.65% 0.65% 0.60% VSM (1) 6.73% 4.13% TIIE TII
Slide 14: 4. Financial Results and Key Metrics
4. Financial Results and Key Metrics
Slide 15: Solid Financial Results
Solid Financial Results Consolidated P&L Summary Consolidated Balance Sheet Summary Figures in thousands of MXN, except the Net Income per CBFI 1Q22 1Q21 Figures in thousands of MXN 1Q22 1Q21 Interest on mortgage loans $312,768 $506,991 Cash and cash equivalents $1,347,411 $1,153,142 Investment Inco
Slide 16: Key Metrics and Relevant Financial Information
Key Metrics and Relevant Financial Information Quarter to Quarter Figures are presented according to each metric (%, $) 1Q22 1Q21 We closed the 1Q22 Financial Margin and Interest Revenues with a Financial Financial Margin - "interest revenue - interest expense / total interest revenue" 58.22% 49.03%
Slide 17: 5. Financial Statements - 1Q22
5. Financial Statements - 1Q22
Slide 18: Balance Sheet
Balance Sheet (In Thousands of Mexican Pesos) 1Q22 1Q21 Variation % Var ASSETS Cash and cash equivalents $1,347,411 $1,153,142 $194,269 16.8% Current loans 10,315,426 17,434,215 (7,118,789) (40.8%) Past due loans 895,650 803,879 91,771 11.4% Accrued interest 345,634 459,766 (114,132) (24.8%) Indexat
Slide 19: P&L Quarter to Quarter
P&L Quarter to Quarter (In Thousands of Mexican Pesos, except Net Income per CBFI) 1Q22 1Q21 Variation % Var REVENUES Interests on mortgage loans $312,768 $506,991 ($194,223) (38.3%) Investment income 15,538 12,193 3,345 27.4% Total net interest income 328,306 519,184 (190,878) (36.8%) Financing int
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