J.P. P. Morgan an 2017 Gl Global al Em Emerging ng Markets ets Corpor orate ate Confer eren ence ce February 2017, Miami Beach
Dis Disclaimer The material that follows is a presentation of general background information about Fideicomiso F/1401 (the “Company”) as of the date of this presentation. The information herein is only a summary and does not purport to be complete. This presentation is strictly confidential and may not be disclosed to any other person. This material has been prepared solely for informational purposes and should not be construed as a solicitation or an offer to buy or sell any securities and should not be relied upon as advice to potential investors. No representation or warranty, either express or implied, is made as to the accuracy, reliability or completeness of the information presented herein. This material should not be regarded by recipients as a substitute for the exercise of their own judgment. Any opinion expressed herein is subject to change without notice, and the Company is under no obligation to update or keep current the information herein. The Company and its affiliates, agents, directors, partners and employees accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this material. This presentation contains statements that are forward-looking, which are statements other than statements of historical fact and are often characterized by the use of words such as “believes”, “expects”, “estimates”, “projects”, “may”, “will”, “intends”, “plans” or “anticipates”, and similar terms and phrases or by discussions of strategy, plans or intentions, and may include reference to assumptions. Such forward-looking statements are based on current expectations and projections about future events and trends that may affect the Company’s business and are not guarantees of future performance. Readers are cautioned that any such forward- looking statements are and will be, as the case may be, subject to many risks, uncertainties and other factors that are difficult to predict and could cause results to differ materially from those expressed in forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities. Neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. Recipients of this presentation are not to construe the contents of this summary as legal, tax or investment advice and recipients should consult their own advisors in this regard. Any decision to purchase securities in any offering of securities of the Company should be made solely on the basis of the information contained in the offering document that may be distributed in connection with any offering of securities of the Company, if any. By attending this presentation you agree to be bound by the foregoing limitations and not to distribute, disclose or provide any information discussed in this presentation to any other person. 2
FUN UNO is M Mexico's o's FIBRA BRA ("REI REIT") T") Leader Retail ail Portfolio olio Tota tal l GLA Founded in 2011, Fibra Uno is the largest real estate 2,954,328 m 2 player in Mexico and Latin America Occupancy rate te − One of the largest REITs worldwide 93.6% − Us. $4.8 billion Market Cap 1 Properti rties 309 Diversified portfolio of assets with broad sector and Opera ratin ting Units its geographic presence 325 − 497 stabilized properties (309 retail, 84 offices and 104 Office ce Portfolio olio industrial) throughout Mexico Tota tal l GLA − 7.4 million m 2 of GLA (3.0 million m 2 retail, 0.8 million 845,330 m 2 m 2 offices and 3.6 million m 2 industrial) Occupancy rate te Long-lasting, strong relationships with high-quality tenants 88.2% across various sectors Properti rties 84 − ~6,800 individual lease agreements in place with ~3,300 tenants Opera ratin ting Units its 89 4.4 years weighted average lease maturity Indu dust strial ial Portfol olio io Total occupancy of 94.4% Tota tal l GLA 3,570,278m 2 Steady growth since IPO while maintaining stellar efficiency, profitability, a prudent capital structure and a Occupancy rate te strong liquidity profile 96.5% Properti rties Best-in-class management team and sponsors with 104 unparalleled real estate development and management expertise, disciplined leverage and financial policies Opera ratin ting Units its 105 High-quality portfolio, broadly diversified by asset type, geography and tenant base Note: As of December 31, 2016. 1 - Thomson Reuters, as of February 23, 2017. 3
Portfo Po tfolio Su Summary mary by Su Subseg egme ment nt Portfolio Summary Occupied GLA Total GLA $ / sqm / Month NOI 4Q16 Occupancy Subsegment % (000 m 2 ) (000 m 2 ) (Mxp. 000) 2 (Mxp.) Logistics 2,861.5 2,941.4 97% 71.3 530,520.6 Light manufacturing 575.8 619.7 93% 107.4 159,083.6 Fashion mall 423.0 446.1 95% 315.4 474,246.6 Regional center 1,184.7 1,321.1 90% 188.0 630,963.3 Neighborhood center 335.7 361.6 93% 205.9 187,540.0 Stand alone 1 872.6 881.4 99% 142.7 387,369.3 Office 1 702.7 798.7 88% 358.1 469,139.8 Total al 6,95 956. 6.0 7,36 369. 9.9 94% 94% $153. 3.4 4 $2,83 838, 8,86 863. 3.2 2 Occupancy per Subsegment NOI per Subsegment (% GLA) 4Q’16 (% NOI) 4Q’16 88% 97% 17% 19% Logistics Logistics Light manufacturing Light manufacturing 99% Fashion mall Fashion mall 93% 6% 14% Regional center Regional center Neighborhood center Neighborhood center Stand alone Stand alone 17% 7% 93% 95% Office Office 90% 22% 1 - All properties in the Rojo Portfolio are classified as Stand Alone, includes the effect of adding Berol to the Portfolio 2 - NOI at a property level. 4
Indust strial Po Port rtfol folio Insight ht Our top 30 industrial portfolio clients comprise for 42.2% 1 of our industrial revenues, of which: 47.2% 1 is rental income denominated in Mxp, and • 52.6% 1 is rental income denominated in USD • The revenue is largely concentrated in six industries: logistics, appliances, food and beverages, department stores, automotive and consumer goods. Revenue concentration per Industry (% of Revenues ) 4Q’16 13% 17% Logistics 4% Appliances Food and Beverages 11% Retail Distribution Center Automotive 28% Consumer Goods Others 15% 12% 1 – Figures from our 4Q’16 Rent Roll. FX rate of Mxp. $20.66 per USD. 5
High Highlights 1 1 Broadly diversified property portfolio with high quality tenants and long-term leases 2 2 Strong financial performance with a conservative capital structure, solid credit metrics, sound debt profile and liquidity position 3 3 Recent Acquisitions 4 6
Consistent success story… 1 FUNO continues to build up Mexico’s largest real estate portfolio through high quality property acquisitions Main drivers for the portfolio’s growth Portfolio growth Diversified recent acquisitions: 1 Gross Leasable Area ("GLA") (m 2 / Distribution) Project Type of Quarter ABR Acquired Property Acquired GLA (m 2 ) (Mxp.$ mm) 7,369,935 7,079,275 Puerta de Hierro Retail 1Q'16 24,946 69 5,951,240 11.5% 11.6% 5,241,038 El Salto Jalisco Industrial 1Q'16 48,000 17 10.9% 7.1% Torre Cuarzo (2) Office 2Q'16 72,000 317 48.4% 48.0% Espacio Tollocan (2) Retail 2Q'16 17,839 53 52.7% 53.8% 1,637,880 Tower Vallarta Retail 3Q'16 46,234 150 13.1% Midtown Jalisco (3) Retail 4Q'16 106,784 547 40.4% 40.1% 42.8% 39.1% 36.4% Tota tal 315,8 ,803 1,1 ,154 44.1% 2012 2013 2014 2015 2016 Retail Industrial Office High quality property developments delivered: Annualized Base Rent ("ABR") (Mxp.$ mm / Distribution) Project Type of Quarter ABR (4) Developed Property Finished GLA (m 2 ) (4) (Mxp.$ mm) 12,294,279 10,942,467 La Purísima Industrial 1Q'16 206,718 171 25.2% San Martín Obispo I Industrial 1Q'16 163,253 193 8,277,865 24.4% 25.9% San Martín Obispo II Industrial 1Q'16 85,957 116 26.0% 4,949,403 24.4% 28.8% Torre Diana Office 2Q'16 64,000 346 7.6% 1,985,754 28.8% Torre Latino Office 2Q'16 27,156 107 48.7% 49.3% 51.5% 19.9% 46.8% Berol Office 4Q'16 37,822 1 20.5% 46.8% 40.9% Tota tal 584,9 ,906 933 59.6% 2012 2013 2014 2015 2016 Retail Industrial Office 1 – Includes 100% of Torre Diana and Torre Mayor’s GLA 2 – Property currently under development. The GLA and ABR presented are the expected ones, 3 – Includes 225 hotel rooms. once the building is stabilized. 4 – According to the 4Q’16 Rent Roll. 7
Recommend
More recommend
