Xenia Hotels & Resorts, Inc. · NYSE:XHR
Xenia Hotels & Resorts — Investor Presentation (May 2018)
14 slides from Xenia Hotels & Resorts's investor presentation, May 4, 2018
Slide 1: Investor Presentation May 2018
Investor Presentation May 2018
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation has been prepared by Xenia Hotels & Resorts, Inc. (the “Company” or “Xenia”) solely for informational purposes. This presentation contains, and our responses to various questions from investors may include, “forward-looking statements” within the meaning
Slide 3: Company Overview
54% 23% 10% 5% 3% 3% Independent 2% Company Overview Primarily Located in Top 25 U.S. Lodging Markets and Key Leisure Destinations Focused on Premium Full Service and Lifestyle Hotels ~95% Luxury and Upper Upscale Hotels Primarily Branded Hotels 38 HOTELS 10,852 ROOMS 17 STATES & DC 25 MARKETS Hyatt
Slide 4: Diversified Geographic Footprint
Santa Clara, CA: 6% Diversified Geographic Footprint Note: Orange indicates top 10 market as a percentage of 2017 Pro Forma Portfolio Hotel EBITDA. 1. Percentage of 2017 Pro Forma Portfolio Hotel EBITDA, as defined in the Company’s fourth quarter and year-end 2017 earnings release dated February 27,
Slide 5: Strong Financial Profile
Strong Financial Profile 1. Share price as of 5/2/2018. 2. As defined in Section 1.01 of the Company’s senior unsecured revolving credit facility; as of 3/31/2018 pro forma for subsequent events. 3. As of 3/31/2018 pro forma for subsequent events. Assumes all potential extension options are exercise
Slide 6: Strategic Capital Allocation
Strategic Capital Allocation 5 1. Results prior to Company’s spin from its former parent company and subsequent listing on the NYSE. 2. As defined in Section 1.01 of the Company’s senior unsecured revolving credit facility; as of year end pro forma for subsequent events. 3. 2017 metrics for current
Slide 7: 2018 Outlook
2018 Outlook Royal Palms Resort & Spa – Phoenix, AZ
Slide 8: What You Can Continue to Expect from Us
What You Can Continue to Expect from Us Opportunistic investing Transaction-oriented mindset with focus on quality Aggressive asset management initiatives Healthy balance sheet throughout the cycle Leveraging relationships with brands and managers 7
Slide 9: Active 2018 Off to a Great Start
Active 2018 Off to a Great Start 8 Line of Credit Upsize and Extension • In January 2018, upsized existing revolving credit facility to $500M • Extended maturity by three years to February 2022, with two six-month extension options available • Reduced pricing grid to 150 to 225 basis points based on
Slide 10: 2018 Market Outlook
2018 Market Outlook 9 Top Markets By EBITDA1 Market % of Hotel EBITDA1 Additional Commentary Orlando, FL 10% Strong demand outlook and low supply growth Tough year-over-year comparison due to post Hurricane Irma demand Houston, TX 10% Tough year-over-year comparison with Super Bowl and post-Hurrican
Slide 11: 2018 Guidance
2018 Guidance Additional Details: Note: As of 5/3/2018, not being updated or reconfirmed Low High RevPAR Change (includes 38 hotels) 0.5% 2.0% Adjusted EBITDAre $286 $296 Adjusted FFO $228 $238 Adjusted FFO per Diluted Share $2.13 $2.23 Capital Expenditures $115 $135 • Disruption due to renovations
Slide 12: 2018 Renovation Projects
2018 Renovation Projects 11 Hotel Project Start Date Westin Oaks Houston Guestrooms Completed Hilton Garden Inn Washington DC Guestrooms Completed Residence Inn Denver Guestrooms Completed Marriott San Francisco Airport Great room, lobby Completed Hotel Monaco Denver Guestrooms Completed RiverPlace
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures We consider the following non-GAAP financial measures useful to investors as key supplemental measures of our operating performance: Gross Operating Profit (GOP), GOP margin, EBITDA, Adjusted EBITDA, FFO and Adjusted FFO. These non-GAAP financial measures should be consid
Slide 14: Slide 14
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