Grupo Posadas Sab De Cv Class A · BMV:POSADAS/A
Grupo Posadas Sab De Cv Class A — Q1 2018 Earnings Presentation
13 slides from Grupo Posadas Sab De Cv Class A's earnings presentation, Apr 26, 2018
Slide 1: Operative & Financial Results - 1Q18
O p e ra t i ve & F i n a n c i a l Re s u l t s - 1 Q 1 8 04/26/2018
Slide 2: Disclaimer
Disclaimer Operative & Financial Results - 1Q18 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 i
Slide 3: Tourism Industry
Tourism Industry Operative & Financial Results - 1Q18 Ranking WTO 2016 2017* International Tourist Arrivals # # Country Million people Growth Rate 1 1 France 89.3 8.1% 3 2 Spain 82 8.9% 2 3 United States 72.9 (4.0%) • Third generator of US dollar inflows just 4 4 China 61.4 3.5% behind remittances a
Slide 4: 1Q18 - Highlights
Operative & Financial Results - 1Q18 1Q18 - Highlights • In 1Q18 revenues reached $2,196 million and $3,528 million including the EBITDA from the sale of the Fiesta Americana Condesa Cancun hotel (FACC). • EBITDA for the 1Q18 of $397 million and $1,369 million including the EBITDA from the sale of t
Slide 5: Income Statement
Operative & Financial Results - 1Q18 Income Statement (million pesos) Concept 1Q18 % QoQ Total revenues 3,528 100 61% Expenses 2,159 61 27% EBITDA MXN 1,369 39 184% Margin 39% 16.8pp Exchange (gain) (436) na Net Income 1,076 31 na 5
Slide 6: Hotel Performance
Operative & Financial Results - 1Q18 Hotel Performance (MXN) OWNED AND LEASED HOTELS % Occupancy RevPAR 1,495 78% 4pp 77% 1,415 6% 77% 1,351 76% 76% 76% 76% 1,284 1,302 75% 75% 75% 1,222 1,176 1,151 1,211 74% 73% 1,074 990 972 989 69% 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18
Slide 7: Vacation Properties
Operative & Financial Results - 1Q18 Vacation Properties (million pesos) Gross sales LTM Receivables 2,759 4,404 12% 9% 2,530 3,920 2,217 3,656 1,764 2,866 1,420 9% 2,297 15% 1,405 2,599 1,286 1,181 2,226 2,251 902 898 1,754 1,889 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2T 3Q 4Q 1Q 2T 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q 2Q
Slide 8: EBITDA LTM CAGR 1Q15 – 1Q18
Operative & Financial Results - 1Q18 EBITDA LTM (million pesos) 1,734 1,650 1,667 1,606 1,652 1,567 1,587 1,483 1,508 1,362 1,332 1,259 YoY ($100) 1,147 (6%) CAGR 954 1Q15 – 1Q18 866 11% 757 614 As reported 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 8
Slide 9: Free Cash Flow, Internal Reporting
Operative & Financial Results - 1Q18 Free Cash Flow, Internal Reporting (million pesos) Concept 1Q18 EBITDA 1,369 Provisions 360 Working capital & Other (211) Assets Sales & VAT Recovery 1,474 CAPEX & Other (601) Deferred Asset & Other (58) Interests, net 49 Taxes (5) FCF 2,377 Financings (10) Cash
Slide 10: Number of hotels by brand / Number of rooms by brand
Operative & Financial Results - 1Q18 Number of hotels by brand Vacation Luxury Upper Middle Economy Other Club Other Total 2017 4 8 12 2 66 5 12 45 6 2 162 1Q 2 1 3 2018 4 8 12 2 68 5 13 45 6 2 165 Number of rooms by brand Vacation Luxury Upper Middle Economy Other Club Other Total 2017 640 2,226 3,
Slide 11: Development Plan
Operative & Financial Results - 1Q18 Development Plan As of March 31, 2018 (26,032 rooms) Estimated portfolio …. December 2020 (35,799 rooms) +38% $26,715 mm 93.6% Managed Hotels 2018 2019 2020 TOTAL Rooms 2018 2019 2020 TOTAL Live Aqua 1 1 2 4 Live Aqua 151 180 459 790 Grand Fiesta Americana 1 2 3
Slide 12: Financial Health: Net Interest Coverage
Operative & Financial Results -1Q18 Financial Health (Fx eop 1Q18: 18.2709) 334 4.8x 320 324 Net Interest Coverage 292 288 297 290 289 292 293 291 295 280 278 271 Net Debt (US$M) 248 3.1x 3.0x 2.9x 2.9x 2.9x 2.9x 2.7x 2.8x 2.7x 2.8x 2.8x 2.8x 189 2.3x 2.4x 2.3x 1.7x 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q1
Slide 13: Fiesta Americana Condesa Cancún Hotel
Fiesta Americana Condesa Cancún Hotel