Fideicomiso Irrevocable F/2061 · BIVA:FHIPO/14
Fideicomiso Irrevocable F/2061 — FHipo — Q1 2021 Earnings Presentation
22 slides from Fideicomiso Irrevocable F/2061's earnings presentation, Apr 30, 2021
Slide 1: 1st Quarter 2021 Results
Inversión que Transforma 1st Quarter 2021 Results April 30th, 2021 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 1Q21 Portfolio Breakdown 3 Leverage Strategy 4 Financial Results and Key Metrics for the Quarter 5 1Q21 Financial Statements 6 1Q21 Performance of our CBFIs 2
Slide 3: 1. Performance and Achievements during the Quarter
1. Performance and Achievements during the Quarter
Slide 4: Performance and Achievements During 1Q21
Performance and Achievements During 1Q21 Solid Return on Equity (ROE) during the 1Q21 1Q21 Estimated Distribution FHipo reports an estimated distribution, subject to the current Distribution (1) Policy, of Ps. 0.406 for the quarter, which represents the highest quarterly 8.5% distribution of the las
Slide 5: 2. 1Q21 Portfolio Breakdown
2. 1Q21 Portfolio Breakdown
Slide 6: Consolidated Portfolio Breakdown as of 1Q21
Consolidated Portfolio Breakdown as of 1Q21 Summary of FHipo’s Consolidated Portfolio Characteristics Consolidated Portfolio 1Q21 1Q20 Var. (%) / Diff. Total Balance (FHipo's Participation) $28,060 million (1) $29,061 million (1) (3.44%) Total Number of Loans 98,183 102,675 (4.37%) Average co-partic
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 with Strategic Partners
Diversified Portfolio with Strategic Partners(1) INFONAVIT Portfolio FOVISSSTE Portfolio Smart Lending 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 INFONAVIT’s po
Slide 9: 3. Leverage Strategy
3. Leverage Strategy
Slide 10: 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 11: Funding Structures as of 1Q21
Funding Structures as of 1Q21 Funding Structures (Figures in millions of pesos) Funding Structures Type of Funding Benchmark Rate Margin Maximum amount Amount Withdrawn Legal Maturity (1) (2) CDVITOT 13U UDIBONO 2017 (1.54%) +192 bps - $736 2041 (1) (2) CDVITOT 14U UDIBONO 2018 (1.30%) +119 bps - $5
Slide 12: Solid Asset Quality
Solid Asset Quality In this slide we illustrate the development of our Non-Performing Loan (NPL) ratio, as well as our levels of loan reserve coverage. Levels of Non-Performing Loan (“NPL”) Ratio with Conservative Allowance for Loan Losses Allowance for Loan Losses / CP NPL’s as a % of the Consolida
Slide 13: Attractive Risk-Return Profile
Attractive Risk-Return Profile Estimated spread between FHipo’s Asset Yield vs. Cost of Debt as of 1Q21 Asset yield per origination program Funding rates (3) Fixed Rate Pesos SWAP TIIE Fixed Rate UDI Spread 14.2% 14.4% (1) 11.9% 12.0% Long-Term Funding Short-Term 10.8% 10.9% Funding 10.0% VSM (2) SW
Slide 14: 4. Financial Results and Key Metrics for the Quarter
4. Financial Results and Key Metrics for the Quarter
Slide 15: Solid Financial Results in 1Q21
Solid Financial Results in 1Q21 Consolidated P&L Summary Consolidated Balance Sheet Summary Figures in thousands of MXN, except the Net Income per CBFI 1Q21 1Q20 Figures in thousands of MXN 1Q21 1Q20 Interest on mortgage loans $506,991 $644,828 Cash and cash equivalents $1,153,142 $2,538,144 Investm
Slide 16: Our Key Metrics and Relevant Financial Information in 1Q21
Our Key Metrics and Relevant Financial Information in 1Q21 Main Financial Metrics Figures are presented according to each metric (%, $) Quarter to Quarter 1Q21 1Q20 We closed 1Q21 with a Financial Margin and Interest Revenue Financial Margin of 49.0%, Financial Margin - "interest revenue - interest
Slide 17: 5. 1Q21 Financial Statements
5. 1Q21 Financial Statements
Slide 18: Financial Statements – Balance Sheet
Financial Statements – Balance Sheet 1Q21 Balance Sheet (Figures in thousands of MXN pesos) 18
Slide 19: Financial Statements – P&L
Financial Statements – P&L 1Q21 Income Statement (Figures in thousands of MXN pesos, except EPS) 19
Slide 20: 6. 1Q21 Performance of Our CBFIs
6. 1Q21 Performance of Our CBFIs
Slide 21: Performance of FHipo's Stock (CBFIs) During 1Q21
Performance of FHipo’s Stock (CBFIs) During 1Q21 FHipo’s Stock (Certificados Bursátiles Fiduciarios Inmobiliarios - CBFIs) Performance During 1Q21 # of CBFIs MXN $ FHipo announces a public offering of a Short Term Bond, with ticker symbol “FHIPO 00121”. (February 11th) FHipo closed a revolving c
Slide 22: 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