Grupo Posadas Sab de CV Class A · BMV:POSADAS/A
Grupo Posadas Sab de CV Class A — Q3 2018 Earnings Presentation
12 slides from Grupo Posadas Sab de CV Class A's earnings presentation, Oct 25, 2018
Slide 1: Operative & Financial Results - 3Q18
Operative & Financial Results -3Q18 10/25/2018
Slide 2: Disclaimer
Disclaimer Operative & Financial Results - 3Q18 This Presentation has been produced by Grupo Posadas, S.A.B. de C.V. (the “Company” or “Posadas”). This presentation is strictly confidential and may not be reproduced or delivered, in whole or in part, to any other person. This Presentation contains i
Slide 3: 3Q18 - Highlights
Operative & Financial Results - 3Q18 3Q18 - Highlights • In 3Q18 revenues reached $2,091 million. • EBITDA for the 3Q18 of $276 million. • Six hotel openings during the quarter with 912 rooms (+3.5%). Including the Fiesta Americana Satelite hotel and the first Fiesta Inn Express hotel. • 18 hotel op
Slide 4: Income Statement
Operative & Financial Results - 3Q18 Income Statement (million pesos) 3Q18 % QoQ 2018 % YoY 2,091 100 (2%) Total revenues 7,734 100 18% 1,816 87 0% Expenses 5,796 75 9% EBITDA Excl. FACC 952 12 (21%) 276 13 (12%) EBITDA 1,938 25 60% 13% (1.5pp) Margin 25% 6.6pp (252) na Exchange (gain) (324) (63%) 1
Slide 5: Hotel Performance
Operative & Financial Results - 3Q18 Hotel Performance (MXN) OWNED AND LEASED HOTELS % Occupancy RevPAR (1 pp) 2% 1,495 78% 1,415 77% 1,351 77% 76% 76% 76% 1,284 1,302 1,300 76% 75% 75% 1,222 1,232 75% 75% 1,211 74% 74% 1,176 1,151 73% 1,074 990 972 989 69% 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q
Slide 6: Vacation Properties
Operative & Financial Results - 3Q18 Vacation Properties (million pesos) Gross sales LTM Receivables 2,965 10% 4,697 12% 2,702 4,202 2,321 3,921 2,016 3,320 1,589 2,575 14% (1%) 1,420 1,413 2,771 1,226 2,434 1,012 2,286 878 2,069 1,832 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2T 3Q 4Q 1Q 2T 3Q 4Q 1Q 2T 3Q 1Q 2Q 3
Slide 7: EBITDA LTM CAGR 3Q15 – 3Q18
Operative & Financial Results - 3Q18 EBITDA LTM (million pesos) 1,734 1,650 1,667 1,652 1,587 1,606 1,567 1,483 1,508 1,446 1,392 1,332 1,362 1,259 1,147 YoY ($214) 954 CAGR (13%) 866 3Q15 – 3Q18 757 1% 614 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q1
Slide 8: Free Cash Flow, Internal Reporting
Operative & Financial Results - 3Q18 Free Cash Flow, Internal Reporting (million pesos) Concept BAU FACC 9M18 Cash eop 2017 1,384 1,384 Sale FACC 2,892 Taxes 682 (682) Provisions (227) Investments in a trust (37) EBITDA 952 1,946 2,897 Provisions (133) (133) Working capital & Other (133) (133) Divid
Slide 9: Number of hotels by brand / Number of rooms by brand
Operative & Financial Results - 3Q18 Number of hotels by brand Vacation Luxury Upper Middle Economy Other Club Other Total 2017 4 8 12 2 66 5 12 45 6 2 162 1Q18 2 1 3 2Q18 1 2 1 4 3Q18 1 1 1 3 6 Exits (1) (1) (2) 2018 4 8 13 2 69 6 16 48 6 1 173 Number of rooms by brand Vacation Luxury Upper Middle
Slide 10: Development Plan
Operative & Financial Results - 3Q18 Development Plan As of September 30, 2018 (27,053 rooms) Estimated portfolio …. October 2022 (36,373 rooms) +34% Other Other Live Aqua Grand Fiesta 1% 1% 3% Vacation Live Aqua Americana 5% Properties Vacation 8% 5% Grand Properties Gamma Gamma 6% 7% Fiesta 8% Ame
Slide 11: Financial Health / Net Interest Coverage
Operative & Financial Results -3Q18 Financial Health (Fx eop 3Q18: 18.7231) 334 4.8x 4.7x4.8x 320 324 Net Interest Coverage 290 289 292 293 291 295 271 278 252 3.1x 3.0x 2.9x2.9x Net Debt (US$M) 229 2.7x 2.8x2.8x 2.8x 2.9x 2.7x 2.8x 189 2Q153Q154Q151Q162Q163Q164Q161Q172Q173Q174Q171Q182Q183Q18 2Q153Q
Slide 12: Fiesta Americana Condesa Cancún Hotel
Fiesta Americana Condesa Cancún Hotel
Grupo Posadas, S.A.B. de C.V. — Q3 2018 Earnings Presentation on 6ix