Report on FHipo s Portfolio Composition as of September 30 th 2015

Transcription

1 October 28 th, 2015 Report on as of September 30 th 2015 The Advisor and Manager, with the objective of maintaining the general public informed, presents the following summary of FHipo s mortgage portfolio composition as of September 30 th The securitized portfolio through the CDVITOT 15U and 15-2U does not consolidate in FHipo s balance, reason why a description of such portfolio is detailed as an appendix to this report. Summary of portfolio s characteristics [THE FOLLOWING TRANSLATION IS FOR CONVENIENCE PURPOSES ONLY] Total Balance (Infonavit and FHipo) Ps. $7,738 million (1) (5) FHipo's Participation (Total Portfolio) Ps. $5,183 million Total Loans: Infonavit Total ("IT") + Infonavit Mas Credito ("IMC") 16,992 Infonavit Mas Credito - Loan Balance Ps. $571 million (11.0% of Total Portfolio) Infonavit Mas Credito - Loans 1,238 Infonavit Mas Credito - Average Interest Rate of the Loans 10.80% (Nominal) (4) Infonavit Total - Loan Balance (VSM (3) and Pesos) Ps. $4,612 million (89.0% of Total Portfolio) Infonavit Total - Loans (VSM (3) and Pesos) 15,754 IT - VSM-denominated Loan Balance (3) Ps. $3,268 million (70.9% of IT Portfolio) IT - VSM-denominated Loans (3) 12,748 IT - Average Interest Rate of VSM-denominated Loans (2) (3) 9.6% (4) IT - Peso-denominated Loan Balance Ps. $1,344 million (29.1% of IT Portfolio) IT - Peso-denominated Loans 3,006 IT - Average Interest Rate of Peso-denominated Loans 12.00% (Nominal) (4) (1) (5) Average Loan Balance (FHipo's Participation) Ps. $305,042 Loan-to-Value at Origination (LTV) (2) 79.14% Payment-to-Income (PTI) (2) 23.58% Employers 6,153 Performing Portfolio 99.97% (0.03% NPL's) (1) For every loan originated in the Infonavit Programs, FHipo maintains a % of the participation while the Infonavit keeps the remaining %. As of September 30 th 2015, FHipo maintains 66.98% of co-participation (weighted average), considers IT and IMC. (2) Weighted average. (3) VSM means times minimum wage, which is the index calculated by multiplying the current daily minimum wage of Mexico City (2015 Ps. $70.1) by the average number of days in a month, each year (30.4). (4) The entire portfolio denominated in Pesos within the IT has a fixed nominal interest rate of 12.00%, the entire portfolio within the IMC has a fixed nominal interest rate of 10.80%. The entire portfolio denominated in VSM has an average real interest rate of 9.60%. (5) Balance of current portfolio, excluding accrued interest and indexation on times minimum wage (VSM) denominated loans.

2 State of Mexico Nuevo León Distrito Federal Jalisco Veracruz Querétaro Baja California Coahuila Guanajuato Quintana Roo Chihuahua Yucatán Tamaulipas Sonora Puebla Others Distribution by borrower s salary in VSM Distribution by Loan-to-Value (LTV) at loan origination date < % 26.3% 53.6% 19.0% 9.9% 65 % % % % % 6.9% 7.4% 17.5% 85-95% Distribution by interest rate in VSM (1) (2) Invested capital 23.60% 43.60% 30.40% (as % of total assets) 32.9% 2.1% Mortgages Loans and Equity Residuals Government Securities 2.40% 8.50% 8.6% - 9.0% 9.1% - 9.5% 9.6%-10.0% 65.0% Other Assets and Accounts Receivable Geographic distribution of portfolio 20.4% Distribution by loan denomination 14.7% 9.7% 7.9% 5.1% 5.2% 4.8% 4.7% 4.3% 4.0% 3.4% 3.0% 3.3% 3.2% 3.3% 3.0% 63.1% Infonavit Total Pesos Infonavit Total VSM 11.0% Infonavit Más Crédito 25.9% + Concentration Level - (1) VSM means times minimum wage, which is the index calculated by multiplying the current daily minimum wage of Mexico City (2015 Ps. $70.1) by the average number of days in a month, each year (30.4). (2) Corresponds to the portfolio denominated in VSM within the Infonavit Total Program; the entire portfolio denominated in Pesos, within the Infonavit Total Program and the Infonavit Mas Credito Program, have fixed nominal interest rates.

3 Distribution by number of loans and loan balance (on and off balance) (consolidated portfolio, includes securitized portfolio; in million pesos) Total accumulated loans co-participated by FHipo as of September 30 th 2015 (3) (1) (2) Distribution by Loans Total Loans 28,591 Total Loan Balance Ps. $7,999 million Distribution by Loan Balance 16, % 11, % $5, % $2, % Securitized Portfolio (CDVITOT 15U and 15-2U) On-Balance Portfolio Securitized Portfolio (CDVITOT 15U and 15-2U) On-Balance Portfolio (1) The portfolio securitized through the CDVITOT 15U and 15-2U does not consolidate in FHipo s balance, reason why a description of such portfolio is detailed as an appendix to this report. (2) Balance of current portfolio, excluding accrued interest and indexation on times minimum wage (VSM) denominated loans. (3) Balance of the securitized portfolio as of August 31 st, 2015.

4 Strat Analysis of the on-balance Portfolio Loan Denomination Average Interest Rate (1) By Loan Denomination Infonavi Total Program VSM 12.00% 12, % $ 3,267,993, % 1,533, % Infonavit Total Program Pesos 9.60% 3, % $ 1,344,200, % 630, % Infonavit Mas Credito Program Pesos 10.80% 1, % $ 571,080, % 267, % Worker's Salary By Worker's Salary 6 VSM 4, % $ 1,149,939, % 539, % VSM 1, % $ 272,280, % 127, % VSM 1, % $ 285,705, % 134, % VSM 1, % $ 284,034, % 133, % VSM 1, % $ 275,389, % 129, % > VSM 7, % $ 2,915,924, % 1,368, % Interest Rate By Interest Rate in VSM (2) 8.50% % $ 51,038, % 23, % 8.6% - 9.0% 3, % $ 538,353, % 252, % 9.1% % 5, % $ 1,287,895, % 604, % 9.6% % 3, % $ 1,390,706, % 652, % Total 12, % $ 3,267,993, % 1,533, % Months Past Due By Months Past Due 0 months (current) 16, % $ 5,162,984, % 2,422, % < 91 days % $ 18,495, % 8, % 91 days % $ 1,793, % % + than 1 year % $ % % Loan to Value (LTV) By Loan to Value (LTV) <60 % 2, % $ 698,369, % 327, % , % $ 432,670, % 203, % , % $ 731,242, % 343, % , % $ 1,257,639, % 590, % , % $ 2,063,351, % 968, % Loan Regime By Loan Regime Ordinary Amortization Regime (ROA) 15, % $ 4,860,700, % 2,280, % Special Amortization Regime (REA) % $ 61,721, % 28, % Extension % $ 260,852, % 122, % (1) Weighted average. (2) Corresponds to the portfolio denominated in VSM within the Infonavit Total Program; the entire portfolio denominated in Pesos, within the Infonavit Total Program and the Infonavit Mas Credito Program, have fixed nominal interest rates.

5 Strat Analysis of the on-balance Portfolio (Cont.) Total Current Balance By Total Current Blanace - VSM Less than or equal to 100 VSM 6, % $ 1,065,299, % 499, % VSM 5, % $ 1,550,104, % 727, % VSM % $ 435,164, % 204, % VSM % $ 155,942, % 73, % >400 VSM % $ 61,481, % 28, % Total 12, % $ 3,267,993, % 1,533, % Total Current Balance By Total Current Blanace - Pesos <200 thousand Ps % $ 81,734, % 38, % thousand Ps thousand Ps. 1, % $ 455,255, % 213, % thousand Ps thousand Ps. 1, % $ 583,943, % 274, % >600.1 thousand Ps % $ 794,346, % 372, % Total 4, % $ 1,915,280, % 898, % Worker's Age By Worker's Age Less than or equal to 25 years 1, % $ 322,130, % 151, % years 5, % $ 1,453,439, % 682, % years 4, % $ 1,292,802, % 606, % years 2, % $ 896,352, % 420, % years 1, % $ 559,406, % 262, % years 1, % $ 370,643, % 173, % years % $ 196,052, % 91, % years % $ 84,886, % 39, % years % $ 7,559, % 3, %

6 Appendix Strat Analysis of the CDVITOT 15U and 15-2U Portfolio The Advisor and Manager, with the objective of maintaining the general public informed, presents a strat analysis of the mortgage portfolio securitized by FHipo through the CDVITOT 15U and CDVITOT 15-2U as of August 31 st 2015 Worker's Salary By Worker's Salary 6 VSM 2, % $ 476,206, % 223, % VSM 1, % $ 324,501, % 152, % VSM 1, % $ 364,488, % 171, % VSM 1, % $ 315,815, % 148, % VSM 1, % $ 268,949, % 126, % > VSM 3, % $ 1,066,523, % 500, % Interest Rate By Interest Rate in VSM (2) 8.50% % $ 34,741, % 16, % 8.6% - 9.0% 2, % $ 474,986, % 222, % 9.1% % 5, % $ 1,269,224, % 595, % 9.6% % 3, % $ 1,037,530, % 486, % Loan to Value (LTV) By Loan to Value (LTV) <60 % % $ 107,752, % 50, % % $ 136,225, % 63, % , % $ 302,869, % 142, % , % $ 665,999, % 312, % , % $ 1,603,637, % 752, % Total Current Balance By Total Current Blanace - VSM Less than or equal to 100 VSM 5, % $ 1,011,416, % 474, % VSM 5, % $ 1,388,405, % 651, % VSM % $ 300,679, % 141, % VSM % $ 85,146, % 39, % >400 VSM % $ 30,836, % 14, % Note: The strat analysis displayed consolidates the portfolio of the Senior (CDVITOT 15U) and Subordinated (CDVITOT 15-2U) issuances. Composición del Portafolio de FHipo / investorrelations@fhipo.com / T: +52 (55) El presente documento fue elaborado únicamente con fines informativos y no constituye una oferta, una recomendación o una invitación para comprar o vender instrumentos de inversión, desarrollar servicios financieros o ejercer cualquier clase de transacción, por lo que no se asume ninguna responsabilidad directa o indirecta de cualquier transacción financiera o acciones legales que se deriven de esta información.