Fibra Inn · BIVA:FINN/13
Fibra Inn — Q1 2016 Earnings Presentation
17 slides from Fibra Inn's earnings presentation, Apr 27, 2016
Slide 1: First Quarter 2016 Results Conference Call
First Quarter 2016 Results Conference Call April 27, 2016
Slide 2: Agenda
Agenda First Quarter 2016 Results I. Quarterly Distribution and Dividend Yield II. Relevant Events III. Acquisition of Hotels IV. Operational and Financial Highlights V. Closing Remarks VI. Q&A Session 2
Slide 3: I. Quarterly Distribution and Dividend Yield
Conference Call First Quarter 2016 Results I. Quarterly Distribution and Dividend Yield
Slide 4: Distributions and Dividend Yield
Distributions and Dividend Yield Total Distribution (millions) Quarterly Dividend Yield % 1Q16 1Q15 Var Period 2014 2015 2016 97.3 78.4 24.0% 1Q 5.6% 4.6% 6.6% 2Q 3.7% 5.4% 3Q 5.3% 4.8% 4Q 4.2% 6.0% Year 4.9% 5.6% Distribution Ps. Per CBFI Period 2014 2015 2016 1Q 0.2283 0.1797 0.2211 2Q 0.1683 0.20
Slide 5: II. Recent Events
Conference Call First Quarter 2016 Results II. Recent Events
Slide 6: Casa Grande Ciudad Juárez
Casa Grande Ciudad Juárez Key Facts Mar 15, 2016 – Signing of a binding agreement Investment Ps. 111.3 million This property was purchased on April 22, 2016. Number of Rooms 145 Segment Full Service Strategy Rebranding & addition of rooms *Excluding acquisition-related expenses 6
Slide 7: JW Marriott Monterrey - Development
JW Marriott Monterrey - Development Mar 2, 2016 – Development under the Hotel Incubator Model • Joint venture agreement with group of investors Key Facts • Fibra Inn will participate with no less than 25% and no Total Investment* Ps. 1,030.1 million more than 33% of the total investment • Fibra Inn
Slide 8: Current Standing
Current Standing Variation 1Q16 1Q15 1Q16 vs 1Q15 Hotels(1) 42 31 10 Rooms(1) 7,027 5,538 1,489 Developments 0 2 -2 Land banks 1 1 - Segments 4 3 +1 States 15 14 +1 Global Brands 13 12 +1 Local Brands 5 2 +3 (1) Includes operating properties and hotels under agreement; the figures exclude the JW Mar
Slide 9: V. Operational and Financial Review
Conference Call First Quarter 2016 Results V. Operational and Financial Review
Slide 10: Operational Indicators
Operational Indicators Same-Store Sales (38 comparable properties) 1Q16 1Q15 Var % Room Revenues (Ps. millions) 377.7 318.5 18.6% Occupancy excluding the addition of rooms 59.9% 56.3% 3.7% Occupancy 58.3% 56.3% 2.1 pp Average Daily Rate (ADR) (Ps.) 1,172.5 1,053.0 11.3% RevPar excluding the addition
Slide 11: Fibra Revenue
Fibra Revenue Financial Indicators 1Q16 % 1Q15 % Var % (Ps. millions) Room Revenue 391.8 94.9 276.0 93.8 41.9 Rental Revenue 21.1 5.1 18.3 6.2 15.2 Total Revenue for Fibra 412.8 100.0 294.3 100.0 40.3 2.6% 14.5% Total Revenue by Segment 14.2% 38.7% Limited 38.7% Select Full 46.7% Extended Stay 44.5%
Slide 12: Quarterly Income Statement
Quarterly Income Statement Income Statement 1Q16 % 1Q15 % Var. Ps. Var. % (Ps. millions) Total Fibra Revenue 412.8 100.0 294.3 100.0 118.6 40.3 Operating Expenses 254.9 61.7 184.0 62.5 70.9 38.6 NOI 158.0 38.3 110.3 37.5 47.6 43.1 Acquisition Expenses 7.8 1.9 19.8 6.7 -12.0 -60.6 EBITDA 128.4 31.1 7
Slide 13: Balance Sheet
Balance Sheet Balance Sheet Mar 31, 2015 % Dec 31, 2015 % (Ps. millions) Cash & equivalents 695.8 7.6 796.8 8.7 Total Assets 9,161.8 100.0 9,188.3 100.0 Bank Debt Liability 13.8 0.6 8.7 0.4 Total Short Term Liabilities 236.2 10.9 225.4 10.5 Bank loans 70.2 3.2 69.4 3.2 Total Long Term Debt 1,926.0 8
Slide 14: VI. Closing Remarks
Conference Call First Quarter 2016 Results VI. Closing Remarks
Slide 15: Closing Remarks
Closing Remarks First Quarter 2016 Results 1. Record levels in the following financial indicators for 1Q16: • Average Daily Rate of Ps.1,172.5, an increase of 11.3% • Rev Par of Ps. 702.7, an increase of 18.6% • 38.3% NOI margin • 6.6% Dividend Yield 2. Financial Guidance Ranged for Full-Year 2016 L
Slide 16: VII. Question and Answer Session
Conference Call First Quarter 2016 Results VII. Question and Answer Session
Slide 17: 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