Concentradora Fibra Danhos Sa De Cv · BMV:DANHOS/13
Concentradora Fibra Danhos Sa De Cv — Fibra Danhos — Q2 2018 Earnings Presentation
18 slides from Concentradora Fibra Danhos Sa De Cv's earnings presentation, August 2018
Slide 1: Investor Relations Presentation August 2018
Fibra Danhos Investor Relations Presentation August 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 retail and office assets primarily in Mexico City and other densely populated major metropolitan areas. • We strive for quality rather than quantity of assets. • Premier assets, premium tenants, premium rents. • We have 15 assets with a market value of a
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. • 65% lease progress (80k sqm in executed lease agreements) in office towers, we leased ~37k
Slide 5: Execution
Execution • We have delivered on our IPO commitments and in June 2018 we tripled the GLA of the Initial Operating Portfolio with the opening of Parque Las Antenas. • 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
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 80.0% 3,500 3,500 79.0% 60,000 3,000 3,000 78.0% 50,000 77.0% 2,500 2,500 40,000 76.0% 2,000 2,000 30,000 75.0% 1,500 1,500 74.0% 20,000 1,000 1,000 73.0% 10,000 500 500 72.0% - - - 71.0%
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 and lowest. • Over 200 years of combined real estate experience. • Corporate governance best practices. We were the first Fibra in Mexico to pay ou
Slide 10: Goals for 2018
Goals for 2018 • 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 • Development progress in Parque Tepeyac, our announced co-investment with third parties. • Stabilization progres
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 June 30, 2018 As of March 31, 2018 Change Issued CBFIs as of June 30, 2018 1,518,764,772 1,518,764,772 - CBFIs with economic rights 1,379,235,578 1,374,735,578 4,500,000 Initial Operating Portfolio CBFIs 604,372,398 604,372,398 - Initial Public Offering CBFI