Ashford Hospitality Trust Inc · NYSE:AHT
Ashford Hospitality Trust — Shareholder Meeting (May 2015)
12 slides from Ashford Hospitality Trust's shareholder meeting presentation, May 14, 2015
Slide 1: Annual Shareholder Meeting - May 2015
1 Annual Shareholder Meeting - May 2015
Slide 2: Safe Harbor
Safe Harbor 2 In keeping with the SEC's "Safe Harbor" guidelines, certain statements made during this presentation could be considered forward-looking and subject to certain risks and uncertainties that could cause results to differ materially from those projected. When we use the words "will likely
Slide 3: Total Shareholder Return: Demonstrated Long-Term Track Record
3 Peer average includes: BEE, CHSP, CLDT, DRH, FCH, HST, HT, INN, LHO, PEB, RLJ, SHO Trailing Total Shareholder Returns as of 5/6/15 Source: Bloomberg • Disciplined growth, operational expertise, and capital allocation to maximize shareholder returns • AHT expects to benefit from strong management c
Slide 4: Highest Insider Ownership
4 Highest Insider Ownership Public Lodging REITs include: BEE, CHSP, CLDT, DRH, FCH, HST, HT, INN, LHO, PEB, RLJ, SHO Source: Company filings. * Insider ownership for Ashford entities includes direct & indirect interests & interests of related parties 15%* 14%* 5% 4% 3% 3% 2% 2% 2% 2% 1% 1% 1% 1% 0.
Slide 5: Attractive Supply/Demand Imbalance
5 Source: PKF Attractive Supply/Demand Imbalance • Demand expected to exceed supply through at least 2015 -8.0 -6.0 -4.0 -2.0 0.0 2.0 4.0 6.0 8.0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015F Supply Growth Demand Growth Yea r- o v e r- Year % Gro w th PKF Forecast
Slide 6: Historical Industry Stock Returns
6 Historical Industry Stock Returns • Historically, attractive returns remain for investors from this point in the lodging cycle Index includes AHT, BEE, DRH, FCH, HST, HT, LHO, and SHO. Companies are included in the data from the time of their IPO % 50% 100% 150% 200% 250% 300% 350% 0 12 24 36 48 6
Slide 7: Historical Flow-Through vs. Peers
7 • Historically, Ashford consistently outperforms peers in hotel EBITDA flow throughs Historical Flow-Through vs. Peers 2007 – 2013 Ashford Portfolio includes Ashford Trust & Ashford Prime 2007 – 2013 Peers include: BEE, CHSP, DRH, FCH, HST, HT, LHO, PEB, SHO 2014 Ashford Portfolio represents Ashfo
Slide 8: Asset Performance – Ashford Trust
8 Asset Performance – Ashford Trust Revenue and EBITDA figures displayed in $000's 2013 2014 Q1 2014 Q1 2015 Var RevPAR $95.94 $105.39 $102.04 $110.69 8.5% Hotel Revenue $1,031,840 $1,117,739 $305,113 $326,443 7.0% Hotel EBITDA $312,766 $354,513 $92,757 $104,545 12.7% EBITDA Flow 48.6% 55.3% The abo
Slide 9: Ashford Trust Recent Developments
9 Ashford Trust Recent Developments Q1 2015 RevPAR up 8.5%, Adjusted EBITDA up 12.3% and EBITDA flow-through was 55% In January 2015, the Company refinanced two mortgage loans resulting in excess proceeds of over $100 million after closing costs and reserves Also in February 2015, the Company
Slide 10: Marriott Memphis Transaction
10 Marriott Memphis Transaction Strengths/Opportunities: • Excellent physical condition with minimal capex needs –recent renovation prior to conversion to Marriott • No new material competitive supply projected for the submarket and stable corporate demand generators • Opportunity to install Remingt
Slide 11: Lakeway Resort & Spa Transaction
11 Lakeway Resort & Spa Transaction *TTM through 3/31/15 Strengths/Opportunities: • Unique lakefront location in Austin, one of the fastest growing MSAs in the country • Excellent physical condition with minimal capex needs – recent renovation of guestrooms • Opportunity to install Remington as mana
Slide 12: Annual Shareholder Meeting - May 2015
12 Annual Shareholder Meeting - May 2015
Ashford Hospitality Trust — Shareholder Meeting (May 2015) on 6ix