Covalto SPAC Presentation Deck
25
Banking Platform Supports
Diversified Low-Cost Funding
Post-Bank Acquisition Reduction
460bps
17.8%
|
1
13.2%
10.7%
Pre-Bank Acquisition
June 2022
2025E
1. Annualized monthly funding cost. Pre-acquisition figure as of June 2021, combined figure as of June 2022.
2. Fixed exchange rate of $20 MXN/USD
3. "Fideicomisos Instituidos en Relación con la Agricultura" - Mexican Government trusts focused on providing funding to agro-
related SMEs. Existing facility has TIIE+1.5% cost
4. Considers $190mm from upsized FIRA facility and $30mm from NAFINSA and Bancomext, which we are currently
negotiating. Expected cost at TIIE+2.5%
Deposit Funding
$ mm²
$7
$ mm²
January 2022
$100
$22
$78
Current
AFIRA
$13
Government / Development Bank Funding
3
June 2022
Available
AFIRA
Utilized
$32
2022E
$2304
2022E
9
nacional financiera
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