Fibra Inn · BIVA:FINN/13
Fibra Inn — Q4 2016 Earnings Presentation
22 slides from Fibra Inn's earnings presentation, Feb 24, 2017
Slide 1: Fourth Quarter 2016 Results Conference Call
p Fourth Quarter 2016 Results Conference Call February 24, 2016
Slide 2: Agenda
Agenda Fourth Quarter 2016 Results I. Highlights for the Quarter II. Quarterly Distribution and Dividend Yield III. Overview of the Real Estate Hotel Industry IV. Acquisition Activity in Fibra Inn V. Operational and Financial Highlights VI. Closing Remarks VII. Q&A Session 2
Slide 3: I. Highlights for the Quarter
Conference Call Fourth Quarter 2016 Results I. Highlights for the Quarter 3
Slide 4: Highlights of the Quarter
Highlights of the Quarter 1. Internalization of the Advisory Services 2. Issuance of 14 million CBFIs 3. Fibra Inn´s Debt a. Re-initiation of Ps. 1.0 billion in local public debt b. Cancelation of Ps. 2.3 billion bank credit line 4. Approval of Fibra Inn´s Repurchase Fund 5. Rebalance of the portfol
Slide 5: II. Quarterly Distribution and Dividend Yield
Conference Call Fourth Quarter 2016 Results II. Quarterly Distribution and Dividend Yield 5
Slide 6: Distributions and Dividend Yield
Distributions and Dividend Yield Total Distribution (millions) Quarterly Dividend Yield % 4Q16 4Q15 Var Period 2014 2015 2016 111.0 92.4 20.1% 1Q 5.6% 4.6% 6.6% 2Q 3.7% 5.4% 6.7% 3Q 5.3% 4.8% 8.4% 4Q 4.2% 6.0% 8.8% Year 4.9% 5.6% 8.3% Distribution Ps. per CBFI Period 2014 2015 2016 1Q 0.2283 0.1797
Slide 7: III. Real Estate Hotel Industry
Conference Call Fourth Quarter 2016 Results III. Real Estate Hotel Industry 3
Slide 8: Real Estate Hotel Industry
Real Estate Hotel Industry 1. Sector Review 2. Evolution of Mexican Hotel Industry 3. Asset Prices for Acquisition 4. Our strategy: The Strategic Hotel Pipeline Model 8
Slide 9: IV. Acquisition and Developments at Fibra Inn
Conference Call Fourth Quarter 2016 Results IV. Acquisition and Developments at Fibra Inn 9
Slide 10: Acquisition & Developments at Fibra Inn
Acquisition & Developments at Fibra Inn 1. Fibra Inn´s Cap Rate Policies 2. External Hotel Acquisition Pipeline Strategy 3. Current Pipeline 4. Capital Expenditures for 2017 & CAPEX Reserve 10
Slide 11: Best Western Monterrey Valle Real
Best Western Monterrey Valle Real October 17, 2016 – Acquisition & Payment* Key Facts Investment* Ps. 67.0 million Number of Rooms 85 Segment Limited Service Strategy 14th global brand in our portfolio operating in the industrial northern city of Monterrey *Excluding acquisition-related expenses 11
Slide 12: Rebranding: AC by Marriott Guadalajara
Rebranding AC by Marriott Guadalajara Key Facts formerly Arriva Express Investment* Ps. 176.8 million Number of Rooms 178 Segment Full Service Strategy Change to Marriott, a global hotel chain with a life style concept Start of operation: Second quarter 2017 *Excluding acquisition-related expenses 1
Slide 13: Rebranding: Wyndham Garden Playa del Carmen
Rebranding Wyndham Garden Playa del Carmen Key Facts formerly Holiday Inn Express Investment* Ps. 45.3 million Number of Rooms 196 Segment Full Service Strategy Wyndham Garden brand that better suits to the needs of that local market with a leisure component. Start: Currently in operation *Excluding
Slide 14: Current Standing
Current Standing Variation 4Q16 4Q15 4Q16 vs 4Q15 Hotels(1) 43 41 2 Rooms(1) 7,113 6,832 281 Developments 0 0 - Land banks 1 1 - Segments 4 4 - States 15 15 - Global Brands 15 13 +2 Local Brands 4 5 +1 Hotel Factory 2 - +2 (1) Includes operating properties, hotels under development and under agreeme
Slide 15: V. Operational and Financial Review
Conference Call Fourth Quarter 2016 Results V. Operational and Financial Review 15
Slide 16: Key Performance Indicators
Key Performance Indicators Key Performance Indicators 4Q16 4Q15 Var % (41 hotels) Room Revenue 425.8 372.9 14.2% Occupancy, excluding addition of rooms 60.6% 56.8% 3.9 pp Occupancy 60.4% 56.8% 3,7 pp Average Daily Rate (Ps.) 1,186.0 1,109.4 6.9% RevPar, excluding addition of rooms 719.1 629.8 14.2%
Slide 17: Fibra Revenue
Fibra Revenue Financial Indicators 4Q16 % 4Q15 % Var % (Ps. millions) Room Revenue 448.2 94.9 345.3 93.8 29.8 Rental Revenue 23.9 5.1 22.7 6.2 5.3 Total Revenue for Fibra 472.1 100.0 368.0 100.0 28.3 2.6% 2.6% Total Revenue by Segment 14.9% 12.6% Limited 35.7% 40.1% Select Full Extended Stay 46.8% 4
Slide 18: Quarterly Income Statement
Quarterly Income Statement Income Statement 4Q16 % 4Q15 % Var. Ps. Var. % (Ps. millions) Total Fibra Revenue 472.1 100.0 368.0 100.0 104.1 28.3 Operating Expenses 310.0 65.7 229.7 62.4 80.3 34.9 NOI 162.1 34.3 138.3 37.6 23.8 17.2 Acquisition Expenses -10.7 -2.3 19.6 5.3 -30.3 -154.8 EBITDA 143.6 30
Slide 19: Balance Sheet
Balance Sheet Balance Sheet Dec 31, 2016 % Dec 31, 2015 % (Ps. millions) Cash & equivalents 845.8 8.6 796.8 8.7 Total Assets 9,831.0 100.0 9,188.3 100.0 Bank Debt Liability 5.0 0.2 8.7 0.4 Total Short Term Liabilities 147.2 4.9 225.4 10.5 Bank loans 0 . 69.4 3.2 Public Debt 2,836.7 95.0 1,847.9 86.0
Slide 20: VI. Closing Remarks
VI. Closing Remarks Fibra Inn Day Breakfast and Management Presentation March 14, 2017 at 8.00 am Presidente Intercontinental, Salón Caba Uxmal Campos Elíseos 218, Col. Chapultepec Polanco, C.P. 11560, Mexico City Registration http://fibrainn.mx/fibrainn-day 20
Slide 21: VII. Question and Answer Session
Conference Call Fourth Quarter 2016 Results VII. Question and Answer Session
Slide 22: Note on forward-looking statements
Note on forward-looking statements This document may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, Company performance and financial re