Fideicomiso Irrevocable F/2061 · BIVA:FHIPO/14
Fideicomiso Irrevocable F/2061 — FHipo — Q4 2022 Earnings Presentation
20 slides from Fideicomiso Irrevocable F/2061's earnings presentation, Feb 24, 2023
Slide 1: 4th Quarter 2022 Results
Investment that Transforms 4th Quarter 2022 Results February 24th, 2023 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 2 Portfolio Breakdown 3 Leverage Strategy 4 Quarterly Financial Results and Key Metrics 5 Financial Statements 2
Slide 3: 1. Performance and Achievements
1. Performance and Achievements
Slide 4: Performance and Achievements during 4Q22
Performance and Achievements during 4Q22 Risk Mitigation in the Actual Economic Environment Increasing Returns for Investors At FHipo, we constantly analyze financial risks and how to mitigate them, therefore, we seek to optimize our cost of debt through lower spreads and ROE Distribution Financial
Slide 5: 2. Portfolio Breakdown
2. Portfolio Breakdown
Slide 6: Consolidated Portfolio Breakdown as of 4Q22
Consolidated Portfolio Breakdown as of 4Q22 Consolidated Portfolio 4Q22 4Q21 Var. (%) / Diff. Total Balance (FHipo's Participation) $24,653 million ( 1) $27,040 million ( 1) (8.83%) Total Number of Loans 83,519 93,272 (10.46%) Average co-participated loan balance by Mortgage Loan $295,174 $289,906 1
Slide 7: Distribution of Our Consolidated Portfolio
Distribution of Our Consolidated Portfolio(1) By Loan-to-Value (LTV) By borrower’s salary in VSM at origination date at origination date By origination program (As % of total loans within consolidated portfolio) (As % of total loans within consolidated portfolio) (As % of total consolidated portfoli
Slide 8: Diversified Portfolio
Diversified Portfolio(1) INFONAVIT Portfolio FOVISSSTE Portfolio By borrower’s salary in VSM By interest rate of VSM (2) and Mexican By borrower’s salary in VSM at origination date Peso at origination date By interest rate in VSM (2) (As % of total loans within INFONAVIT’s portfolio) (As % of total
Slide 9: 3. Leverage Strategy
3. Leverage Strategy
Slide 10: Diversified Sources of Funding
Diversified Sources of Funding Securitizations Short-Term Warehousing Facilities Long-Term Unsecured Bonds Covered Bonds Issuance of securities / Credit facility conceded by a Issuance of securities / certificates Issuance of securities / certificates, by an issuing private entity, backed by backed
Slide 11: Funding Structures as of 4Q22
Funding Structures as of 4Q22 Figures in Million Pesos ($) Maximum Funding Structures Type of Funding Benchmark Rate Margin Amount Withdrawn Legal Maturity amount (1) (2) CDVITOT 13U 3.46% (real) - - $494 2041 (1) (2) CDVITOT 14U 2.49% (real) - - $404 2042 CDVITOT 15U 2.90% (real) (1) - - $803 (2) 2
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 NPLs as a % of the Consolidated Portfolio as of the 4Q22 (1) Balance at Origination (1) NPLs / CP (1) with portfolio balance at origination 0.05% 0.05% 0.
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 (2) 15.6% Long-Term Short-Term 14.7% (2) 11.9% 12.0% 12.5% SWAP 10.5% 10.8% 10.9% 1.35% 0.65% 0.60% 0.49% VSM (1) 8.96% 8.06% 8.37% VSM (1) 6.73% TIIE TIIE TIIE TIIE 4.13% 3.
Slide 14: 4. Financial Results and Key Metrics
4. Financial Results and Key Metrics
Slide 15: Solid Financial Results
Solid Financial Results P&L Summary Balance Sheet Summary Figures in thousands of MXN, except the Net Income per CBFI 4Q22 4Q21 Figures in thousands of MXN 4Q22 4Q21 Interest on mortgage loans $309,436 $319,030 Cash and cash equivalents $1,921,305 $692,275 Investment Income 42,052 17,523 Loans, net
Slide 16: Key Metrics and Relevant Financial Information
Key Metrics and Relevant Financial Information Quarter to Quarter Year to date Figures are presented according to each metric (%, $) 4Q22 4Q21 4Q22 4Q21 Financial Margin and Interest Revenues Financial Margin - "interest revenue - interest expense / total interest revenue" 54.16% 50.10% 56.79% 47.87
Slide 17: 5. Financial Statements
5. Financial Statements
Slide 18: Balance Sheet
Balance Sheet (In Thousands of Mexican Pesos) 4Q22 4Q21 Variation % Var ASSETS Cash and cash equivalents $1,921,305 $692,275 $1,229,030 177.5% Loans, net 10,477,139 11,133,391 (656,252) (5.9%) Collection rights, net 104,297 101,725 2,572 2.5% Receivable benefits in securitization transactions 3,773,
Slide 19: Profit & Loss
Profit & Loss (In Thousands of Mexican Pesos, except Net Income per CBFI) Quarter to Quarter Year to date 4Q22 4Q21 Variation % Var 4Q22 4Q21 REVENUES Interests on mortgage loans $309,436 $319,030 ($9,594) (3.0%) $1,271,432 $1,686,504 Investment income 42,052 17,523 24,529 140.0% 118,427 56,434 Tota
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