Concentradora Fibra Danhos Sa De Cv · BMV:DANHOS/13
Concentradora Fibra Danhos Sa De Cv — Fibra Danhos — Q1 2014 Earnings Presentation
21 slides from Concentradora Fibra Danhos Sa De Cv's earnings presentation, May 2014
Slide 1: 1Q14 Presentation
1014 Presentation May 2014 DANHOSHFIBRA
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Fibra Danhos (or the “Trust”) for informational and discussion purposes. It does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any Certificados Bursátiles Fiduc
Slide 3: Recent Events
Recent Events On October 8, 2013, Fibra Danhos carried out its IPO on the Mexican Stock Exchange. The offering was primary through the issuance of 200,000,000 CBFIs, without considering the overallotment option. The offering price per CBFI was Ps. $26.00, which resulted in a Ps. $5,200,000,000 of gr
Slide 4: Recent Events (Cont...)
Recent Events(Cont…) Second Cash Distribution: On April 28th, 2014, Fibra Danhos’ Technical Committee approved a distribution per CBFI of Ps. $0.4400, which represents an increase of 8.4% with respect to the distribution corresponding to our first 82 days of operation during 4Q13, on a full quarter
Slide 5: Key Messages About Fibra Danhos
Key Messages About Fibra Danhos Fibra Danhos is the most consolidated network of premier-quality properties in Mexico City Capital structure debt free Above all else mainly developers, not consolidators Grupo Danhos contributed all of its premier-quality retail and office properties Simple and compe
Slide 6: Fibras and Market Overview
Fibras and Market Overview 6
Slide 7: Fibra Market Overview
Fibra Market Overview Fibras and public real estate companies Industrial Retail Premier Quality Hotel Consolidator/ Retail/Office (Business) Diversified Market Cap and Total Debt 7
Slide 8: Fibra Market Overview: Distributions
Fibra Market Overview Distributions Superior Cash Distributions Source: Public Filings Current prices as of April 30th, 2014 8
Slide 9: Price performance
Price performance Price performance in the Fibra market Signs of recent recovery trend in the Fibra market, to First 130 days of trading for Fibra market which we expect Fibra Danhos to incorporate participants 145.0 135.0 37.8 135.0 125.0 125.0 115.0 15.2% 11.8% 11.1% 15.2% 115.0 105.0 5.3% 5.3% -
Slide 10: Fibra Danhos Overview
Fibra Danhos Overview 10
Slide 11: Fibra Danhos' Initial Portfolio
Fibra Danhos’ Initial Portfolio 1 Periférico 11 Toreo Population within 5km: 0.787 M Development Population within 5km: 0.695 M GLA (m2): 15,375 GLA (m2): 206,059 Opening Year: 2000 Opening Year: 2014e-‐‑2017 2012 total visitors 3.7 M e 2 10 Torre Virreyes 11 3 Population within 5km: 0.725 M Popula
Slide 12: Fibra Danhos Financial and Operating Performance
Fibra Danhos Financial and Operating Performance 12
Slide 13: Fibra Danhos Financial and Operating Performance
Fibra Danhos Financial and Operating Performance Solid financial performance for Fibra Danhos’ Operating Portfolio 1.6% 1Q14 Total Income Growth (vs. 1Q13) 8.4% Distribution Growth 2.1% Total NOI (exc. TAP) Growth (vs. 1Q13) 1.6% Total EBITDA (exc. TAP) Growth (vs. 1Q13) 13
Slide 14: Fibra Danhos Financial and Operating Performance
Fibra Danhos Financial and Operating Performance Outstanding Performance in Our Operating Portfolio Historic High Occupancy rates Over 61 million visitors in our retail properties 4.2% Lease Spread 1Q14 on our portfolio Leasing activity 1Q14 14
Slide 15: Update on Developments
Update on Developments 15
Slide 16: Update on Developments
Update on Developments Construction progress, as well as progress in permits and licenses for the properties in our development portfolio are on schedule As of December 2013 Torre Virreyes As of March 2014 § Overall construction § Overall construction progress 72.6% progress 82.5% § Overall prele
Slide 17: Expansions in properties in our Operating Portfolio
Update on developments Expansions in properties in our Operating Portfolio Expansion in Parque Tezontle Expansion in Parque Delta GLA (r% +46) 19,000 GLA (r% +38) 18,000 Parking spaces 542 Parking spaces 861 Ps.$ 450 Development budget Ps.$ 600 million Development budget million 39,470 Constructio
Slide 18: Office and hotel component in Toreo
Update on developments Office and hotel component in Toreo § Considering the favorable perspective of the demand for A+ office space in MAMC, our Technical CommiXee approved to advance the start of construction of two (out of three) office towers as well as of the hotel of Toreo to February 2014. § In t
Slide 19: Expected GLA Evolution
Expected GLA Evolution 600 500 400 300 200 100 DANHOS§ 324 Expected GLA Evolution (000 sqm2) 2013 2014e 2015e 2016e 2017e @ Operating Portfolio MT Virreyes 4 Toreo @ Third Expansion t4 Exp Delta ™ Exp Tezontle 19
Slide 20: Strategic Agenda
Strategic Agenda 20
Slide 21: Strategic agenda
Strategic agenda We are currently assessing various strategic decisions to strengthen our growth strategy 1 We are working closely with different analyst in order to have a broader coverage of our business § Today we have coverage by four different analysts: Evercore, BBVA, Increase visibility JP Mor