Concentradora Fibra Danhos Sa De Cv · BMV:DANHOS/13
Concentradora Fibra Danhos Sa De Cv — Fibra Danhos — Investor Presentation (October 2018)
18 slides from Concentradora Fibra Danhos Sa De Cv's investor presentation, October 2018
Slide 1: Fibra Danhos Investor Relations Presentation
Fibra Danhos Investor Relations Presentation October 2018
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: Fibra Danhos´ core strategy
Fibra Danhos´ core strategy • Premier quality assets primarily in metropolitan area of Mexico City. • High exposure to growing middle class and domestic consumption. • Premier assets, premium tenants, premium lease contracts. • We strive for quality rather than quantity of assets. • We have 15 asset
Slide 4: Highlights from the last 12 months
Highlights from the last 12 months 1. Consolidation and stabilization of Toreo Parque Central mixed use complex. • Opening of Liverpool in October 2017, which increased the shopping center´s GLA to 90k sqm. • 81.1% lease progress (85k sqm in executed lease agreements) in office towers. • 83% of issu
Slide 5: Selective growth Strategy with strong Execution
Selective growth Strategy with strong Execution • We have delivered on our IPO commitments, we have tripled initial GLA of Operating Portfolio. • The development risk profile for Fibra Danhos has decreased substantially over the past five years. 22.1% CAGR, 3.3x 4.1% 9.8% 1000 10.1% 884 849 Parque T
Slide 6: Sources and Uses
Sources and Uses • All of our developments are fully funded, we do not require more debt or equity for our pipeline. 16,000 Ps. 15.2 bn Ps. 15.2 bn Revolver Ps. 400 mn End works at Parque Tepeyac AFFO re-investment End works at Las Antenas and begin 14,000 Ps. 1.5 bn Parque Tepeyac Debt Issuance (DA
Slide 7: Key Financial Indicators
Key Financial Indicators Total Assets, Investment Properties, Cash & Equivalents NOI Margins 70,000 4,000 4,000 79.0% 60,000 3,500 3,500 78.0% 3,000 3,000 77.0% 50,000 2,500 2,500 76.0% 40,000 2,000 2,000 75.0% 30,000 1,500 1,500 74.0% 20,000 1,000 1,000 73.0% 10,000 500 500 72.0% - - 2014 2015 2016
Slide 8: Key Operating Indicators
Key Operating Indicators • High occupancy rates • Strong leasing spreads over the past 4 years • Low occupancy cost relative to other countries with similar economies (Brazil, Chile etc.) 100.00% 12.0% 90.00% 10.0% 80.00% 70.00% 8.0% 60.00% 50.00% 6.0% 40.00% 4.0% 30.00% 20.00% 2.0% 10.00% 0.00% 0.0
Slide 9: Corporate Governance
Corporate Governance • Highest alignment of incentives. Our Control Trust holds ~42% of the Outstanding CBFIs. • Our fee structure is among the simplest. • Over 200 years of combined real estate experience. • Corporate governance best practices. We were the first Fibra in Mexico to pay our Advisors
Slide 10: Goals for following quarters
Goals for following quarters • Maximize AFFO per CBFI while maintaining a stable distribution per CBFI trend. • Stabilization progress Parque Las Antenas, which held its grand opening on June 7th 2018 • Stabilization progress in Parque Puebla shopping center, we expect to achieve significant leasing
Slide 11: Operating Portfolio: Parque Las Antenas
Operating Portfolio: Parque Las Antenas • Parque Las Antenas project reinforces the strategic focus of Fibra Danhos in the ZMCM, which is the largest market in the country. The project is located in the limits of Iztapalapa and Xochimilco delegations where there is a high population density, as well
Slide 12: Operating Portfolio: Parque Las Antenas
Operating Portfolio: Parque Las Antenas 12
Slide 13: Development Portfolio: Parque Tepeyac
Development Portfolio: Parque Tepeyac • In the Technical Committee session held on July 21, 2016, Fibra Danhos’ participation in a new mixed-use development in the northeast area of Mexico City was approved. • The area is heavily populated and with residential and commercial vocation. On December 21
Slide 14: Development Portfolio: Parque Tepeyac
Development Portfolio: Parque Tepeyac 14
Slide 15: Appendix
Appendix DANHOSFISRA
Slide 16: Fibra Danhos Portfolio
Fibra Danhos Portfolio Fibra Danhos Portfolio Opening Year State / Municipality GLA % of GLA Occupancy Parking Spaces Current Operating Portfolio Retail 1. Parque Alameda 2003 Cuauhtémoc, Distrito Federal 15,755 1.7% 98.5% 308 2. Parque Delta 2005/2016 (expansion) Benito Juárez, Distrito Federal 70,
Slide 17: Capital Structure Overview
Capital Structure Overview • Fibra Danhos has a sound Balance Sheet y and a conservative leverage policy. • We have a committed, unsecured credit facility of Ps. 2 bn. To date we have not made any withdrawals. • AAA credit rating on a local scale by Fitch Mexico and HR Ratings. Debt Institution / Is
Slide 18: CBFI Conciliation
CBFI Conciliation CBFI Conciliation As of september 30, 2018 As of june 30, 2018 Change Issued CBFIs as of September 30, 2018 1,466,669,374 1,518,764,772 (52,095,398) CBFIs with economic rights 1,383,833,385 1,379,235,578 4,597,807 Initial Operating Portfolio CBFIs 604,372,398 604,372,398 - Initial