Grupo Posadas Sab De Cv Class A · BMV:POSADAS/A

Grupo Posadas Sab De Cv Class A — Q3 2017 Earnings Presentation

13 slides from Grupo Posadas Sab De Cv Class A's earnings presentation, Oct 26, 2017

  1. Slide 1: Operative & Financial Results - 3Q17

    Lobby of the Live Aqua Urban hotel in Monterrey Operative & Financial Results - 3Q17 10/26/2017

  2. Slide 2: Disclaimer

    Disclaimer 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 information that may be deemed to be “

  3. Slide 3: Highlights

    Operative & Financial Results - 3Q17 Highlights • In 3Q17 total adjusted revenues for asset sold reached $2,016 million and grew 9%. • 3Q17 and LTM EBITDA of $314 million and $1,606 million, respectively. • RevPAR grew 5.3% in the 3Q17 and 9.2% in the 9M17. • Six hotel openings during the 9M17 with

  4. Slide 4: Income Statement

    Operative & Financial Results - 3Q17 Income Statement (million pesos) 3Q17 % QoQ 2017 % QoQ 2,451 100 17% Total revenues 6,851 100 13% 2,137 87 29% Expenses 5,640 82 18% 314 13 -29% EBITDA MXN 1,211 18 -3% 13% (0.4pp) Margin 18% (0.2pp) EBITDA MXN adjusted 314 -6% 1,211 6% by hotel sales (270) na Ex

  5. Slide 5: Hotel Performance

    Operative & Financial Results - 3Q17 Hotel Performance OWNED AND LEASED HOTELS % Occupancy RevPAR 1pp 5% SYSTEM WIDE HOTELS 5% 1pp 5

  6. Slide 6: Vacation Properties

    Operative & Financial Results - 3Q17 Vacation Properties (million pesos) Gross sales LTM Receivables 16% 7% 16% 7% 2014 2015 2016 2017 2014 2015 2016 2017 6

  7. Slide 7: EBITDA LTM CAGR 3Q14 – 3Q17

    Operative & Financial Results - 3Q17 EBITDA LTM (million pesos) YoY $20 1% CAGR 3Q14 – 3Q17 23% 7

  8. Slide 8: Free Cash Flow, Internal Reporting

    Operative & Financial Results - 3Q17 Free Cash Flow, Internal Reporting (million pesos) Concept 9M17 EBITDA 1,211 Working capital & Other (296) Asset Sales 435 CAPEX (627) Deferred Asset & Other (351) Interests, net (273) Taxes (773) FCF (674) Financings 210 Cash (464) Cash BOP 1,770 Cash EOP 1,306

  9. Slide 9: Number of hotels and rooms by brand

    Operative & Financial Results - 3Q17 Number of hotels by brand Vacation Luxury Upper Middle Economy Other Club Other Total 2015 3 5 13 67 9 37 7 2 143 1Q16 2 2 2Q16 1 2 1 2 6 3Q16 1 1 4Q16 1 1 1 1 4 Exits 2016 (2) (2) (4) 1Q17 1 2 3 2Q17 1 1 2 3Q17 1 1 Total 4 7 13 71 10 44 7 2 158 Number of rooms b

  10. Slide 10: Development Plan

    Operative & Financial Results - 3Q17 Development Plan As of September 2017 (25,113 rooms) Estimated portfolio …. December 2020 (34,149 rooms) +36% $18,556 mm 90% Managed Hotels 4Q17 2018 2019 2020 TOTAL Rooms 4Q17 2018 2019 2020 TOTAL Live Aqua 2 1 3 Live Aqua 401 340 741 Grand Fiesta Americana 2 1

  11. Slide 11: Financial Health: Net Interest Coverage

    Operative & Financial Results - 3Q17 Financial Health (Fx eop 3Q17: 17.9500) 334 3.1x 320 2.9x 3.0x 2.9x 2.9x 2.9x Net Interest Coverage 297 2.7x 2.8x 2.8x 2.8x 2.7x 292 288 290 289 292 293 291 295 280 271 278 2.3x 2.3x 2.4x Net Debt (US$M) 248 1.7x 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16

  12. Slide 12: Debt mix – 3Q17

    Operative & Financial Results - 3Q17 Debt mix – 3Q17 Currency Tenor (Total Debt) Gross debt: US$412 mm Capitalized expenses: (US$19 mm) Guaranty Total debt: US$393 mm Rate Cash: US$73 mm 12

  13. Slide 13: Fiesta Americana Condesa Cancún Hotel

    Fiesta Americana Condesa Cancún Hotel

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