FibraHotel Day 2016 November 18 th 2016 @FibraHotel
Disclaimer This presentation has been prepared by FibraHotel The securities mentioned in this document have not (or the “Trust”) for informational and discussion been registered under the U.S. Securities Act of 1933, purposes. It does not constitute or form part of any as amended (the “Securities Act”), and may not be offer or invitation to sell or issue, or any solicitation of offered or sold in the United States absent registration any offer to purchase or subscribe for, any or exemption from registration under the Securities Act. Certificados Bursátiles Fiduciarios Inmobiliarios (or The information in this presentation includes forward- the “CBFI”) in the Trust, nor shall any part of it nor looking statements which are based on current the fact of its dissemination form part of or be relied expectations, beliefs, and predictions about future on in connection with any contract or investment events. These forward looking statements are subject to decision relating thereto. Any such offering may be known and unknown risks, uncertainties and made only by an offering memorandum and the assumptions about the Trust, its prospects and the information contained herein will be superseded in its economic environment in which it operates that may entirety by such offering memorandum in final form. prove to be incorrect. Accordingly, the events described This presentation does not contain all the information in such forward-looking statements may not occur and you should consider before investing in CBFIs of the the Trust’s objectives may not be realized. Trust and no representation or warranty, express or By attending this presentation you agree to be bound by implied, is made by any party as to the accuracy, the foregoing limitations and not to distribute, disclose or fairness, completeness or materiality of the provide any information discussed today to any other information furnished in this presentation, which person. remains subject to verification, completion and change without notice. Investors should review the offering memorandum (including the information therein as to risks) prior to making an investment decision and should rely only on the information contained in the offering memorandum. The Trust has not authorized anyone to provide you with information different from that contained in the offering memorandum. 2
4 th Investor Day Agenda Agenda Start Finish Speaker Title Topic 09:00 09:40 Simon Galante FIHO - CEO Introduction and strategy 09:40 09:50 Edouard Boudrant FIHO - CFO Organic growth and stabilized portfolio KPIs 09:50 10:10 Guillermo Bravo FIHO - Head of Development Portfolio overview - 2016 achievements 10:10 10:20 Victor de Anda Aset Designing the Live Aqua San Miguel de Allende 10:20 10:30 Guillermo Bravo FIHO - Head of Development Growth pipeline and development update 10:30 10:45 Jose Luis Jacome FIHO - Director of Operations Overview of FIHO´s asset management 10:45 11:25 Edouard Boudrant FIHO - CFO Financial results and financing 11:25 11:30 Simon Galante FIHO - CEO Closing remarks and final Q&A FibraHotel Investor day 2016 November 18 th 2016 3
FibraHotel day 2016 objectives 1 Continue leading investor communication, transparency and corporate governance 2 Overview of business plan execution and current portfolio 3 Strategic considerations in 2017 and going forward In a volatile and uncertain environment, management has “been here before” and knows how to operate in these conditions Dynamics for strong organic growth Faster AFFO growth in 2017. Portfolio has additional embedded growth from ramp-ups and developments 4 Review of financial results and financing situation 4
Overview of 2016 Double digit RevPAR growth and strong operating results 1 Growth across the board; >6x Mexico GDP growth and 4x inflation Continue to grow above inflation with bullish budget for 2017 Fully invested. Complete first growth phase with announced pipeline 2 In 2016 added 16 hotels with ~2,300 rooms and Ps. 3.0bn invested Pipeline for next two years of 8 hotels, >1,200 rooms and >Ps. 2.0bn investment Currently at net debt of Ps. ~1.5bn. Conservative on leverage Best lodging portfolio in Mexico with 86 hotels and over 12,000 rooms 3 Added landmark assets to the portfolio, anchoring value growth in the future Six new international branded hotels in 2016 expanding open architecture model Marriott/Starwood merger provides benefits from operator scale but less leverage Ramp-up properties performing well to date 4 Proven and experienced management team to operate in uncertain times Asset management supported record occupancy and leading penetration in competitive sets Grew team to increase benchmarking, preventive maintenance and best practices Renovated four properties. Innovative acquisition structure for FA Hermosillo 5
The most attractive hotel portfolio in Mexico Operating Total FibraHotel´s portfolio FibraHotel´s portfolio 74 hotels 86 hotels Hotel # room Hotel # room 10,297 rooms 12,060 rooms 34 Fiesta Inn Puebla Finsa 123 1 Fiesta Inn Culiacán 146 35 Fiesta Inn Oaxaca 145 2 Fiesta Inn Durango 138 36 One Puebla Finsa 126 In 26 states 37 Real Inn Guadalajara 197 3 One Monterrey 126 38 Fiesta Inn Tlalnepantla 131 4 One Acapulco 126 39 Fiesta Inn Toluca Tollocan 144 5 One Toluca 126 40 27 40 Real Inn Mexicali 158 6 One Coatzacoalcos 126 41 Fiesta Inn Lofts Monclova 37 59 42 One Monclova 66 7 Fiesta Inn Tepic 139 43 Grand Fiesta Americana Monterrey 180 8 One Aguascalientes 126 44 Live Aqua Monterrey 74 73 26 9 Fiesta Inn Hermosillo 155 45 Courtyard Vallejo 125 10 One Culiacán 119 46 Fairfield Inn Vallejo 121 3 22 43 44 18 47 Fiesta Americana Aguascalientes 192 11 Fiesta Inn Ecatepec 143 81 9 48 Fiesta Inn Xalapa 119 12 Fiesta Inn Perinorte 127 84 78 74 65 49 One Xalapa 126 13 Fiesta Inn Nuevo Laredo 120 50 Fairfield Inn Villahermosa 134 51 56 14 Fiesta Inn Naucalpan 119 51 Fiesta Inn Cd. Obregon 141 13 42 29 41 52 Fiesta Inn Lofts Querétaro 50 15 Fiesta Inn Cuautitlán 128 67 53 Gamma León 159 24 16 Fiesta Inn Perisur 212 60 30 2 71 54 Courtyard Cd. Del Carmen 133 1 17 Camino Real Puebla 153 23 52 62 55 Fiesta Inn Lofts Cd. Del Carmen 120 10 18 Fiesta Inn Chihuahua 152 56 Gamma Valle Grande 135 38 70 20 57 57 Fairfield Inn Los Cabos 128 19 Fiesta Inn Guadalajara 158 47 58 Fiesta Inn San Luis Potosi Oriente 140 20 One Querétaro 126 58 7 21 34 36 59 Gamma Tijuana 140 8 21 Fiesta Inn Aguascalientes 125 17 60 Fairfield Inn Saltillo 139 85 28 53 32 80 19 33 77 22 Fiesta Inn Monterrey 161 15 61 AC Torre Americas Guadalajara 188 66 61 62 AC Antea Querétaro 175 37 23 Fiesta Inn Querétaro 175 12 5 39 63 One Perisur 144 48 49 54 55 24 Fiesta Inn Saltillo 149 31 64 Courtyard Toreo 130 64 72 83 79 50 86 25 One Patriotismo 132 38 11 68 69 65 Sheraton Ambassador Monterrey 229 6 14 46 66 Live Aqua Boutique Playa del Carmen 60 26 Fiesta Inn Cd. Juárez 166 45 4 35 67 Fiesta Inn Los Mochis 125 27 Fiesta Inn Mexicali 150 25 82 68 Fiesta Inn Cuernavaca 155 28 Fiesta Inn León 160 69 One Cuernavaca 125 74 75 29 Fiesta Inn Monclova 121 75 76 70 Fairfield Inn & Suites Juriquilla 134 71 One Durango 126 30 Fiesta Inn Torreón 146 56 stabilized hotels with 7,890 rooms 72 Aloft Veracruz 166 31 Real Inn Morelia 155 16 63 73 Fairfield Inn & Suites Nogales 134 18 hotels in ramp-up period with 2,407 rooms 32 Camino Real Suites Puebla 121 74 Fiesta Inn Lofts Monterrey 48 33 One Tapatío 126 75 Fiesta Inn Viaducto 214 12 hotels under development with 1,763 rooms 76 Fiesta Inn Lofts Viaducto 72 77 One Cuautitlan 156 Mexico City 78 Fiesta Americana Pabellon M 178 79 Fiesta Inn Villahermosa 159 80 Fiesta Inn Puerto Vallarta 144 81 Fiesta Americana Hermosillo 220 82 Fiesta Inn Buenavista 130 83 Full-service Veracruz 179 84 Fiesta Inn Monterrey Valle 177 85 Live Aqua San Miguel de Allende 134 86 Fiesta Americana Tlalnepantla 223 6 Note: Shaded yellow properties represent under development, green represents non-stabilized properties
FIHO´s CBFI decreased during most of the year Even with growth in operating rooms and revenues, the CBFI price has decreased Hotels 86 FIHO CBFI price (US$) Rooms in operation Rooms 12,060 Market Cap 345 $2.50 12,000 Enterprise Value 415 Dividend yield 7.5% $2.25 EV/Op. Key (US$) 29,950 10,000 $2.00 8,000 $1.75 $1.50 6,000 $1.25 4,000 $1.00 2,000 $0.75 $0.50 - 11/12 04/13 08/13 12/13 05/14 09/14 01/15 06/15 10/15 02/16 07/16 11/16 7 Note: Prices as of November 16, 2016. EV / operating key is illustrative calculation based on company estimates
Development impact - Quality openings in 2016 Overview of 2016 opening and sample pictures In 2016 FibraHotel added 16 hotels with ~2,300 rooms representing over Ps. 3.0 billion in investments (14 opened developments) Opened hotels under seven different brands including: Live Aqua, Grand Fiesta Americana, Fiesta Americana, AC by Marriott, Fairfield Inn & Suites, Fiesta Inn Lofts and One Grand Fiesta Americana Valle room Fiesta Americana Pabellon M suite Live Aqua Monterrey Valle lobby Spa - Trebol Monterrey Valle Sky Pool – AC by Marriott Guadalajara AC by Marriott Queretaro Lobby 8
Recommend
More recommend
