Braemar Hotels & Resorts Inc. · NYSE:BHR
Braemar Hotels & Resorts — Ashford Hospitality Prime — Shareholder Meeting (May 2015)
10 slides from Braemar Hotels & Resorts's shareholder meeting presentation, May 14, 2015
Slide 1: Annual Shareholder Meeting – May 2015
1 Annual Shareholder Meeting – May 2015
Slide 2: Safe Harbor
Safe Harbor 2 In keeping with the SEC's "Safe Harbor" guidelines, certain statements made during this presentation could be considered forward-looking and subject to certain risks and uncertainties that could cause results to differ materially from those projected. When we use the words "will likely
Slide 3: 10-Year Track Record of Outperformance
3 Peer average includes: BEE, CHSP, CLDT, DRH, FCH, HST, HT, INN, LHO, PEB, RLJ, SHO Trailing Total Shareholder Returns as of 5/6/15 Source: Bloomberg 10-Year Track Record of Outperformance • Disciplined growth, operational expertise, and capital allocation to maximize shareholder returns • AHP expe
Slide 4: Highest Insider Ownership
4 Highest Insider Ownership Public Lodging REITs include: BEE, CHSP, CLDT, DRH, FCH, HST, HT, INN, LHO, PEB, RLJ, SHO Source: Company filings. * Insider ownership for Ashford entities includes direct & indirect interests & interests of related parties 15%* 14%* 5% 4% 3% 3% 2% 2% 2% 2% 1% 1% 1% 1% 0.
Slide 5: Attractive Supply/Demand Imbalance
5 Source: PKF Attractive Supply/Demand Imbalance • Demand expected to exceed supply through at least 2015 -8.0 -6.0 -4.0 -2.0 0.0 2.0 4.0 6.0 8.0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015F Supply Growth Demand Growth Yea r- o v e r- Year % Gro w th PKF Forecast
Slide 6: Historical Flow-Through vs. Peers 2007 – 2013
6 Historical Flow-Through vs. Peers 2007 – 2013 Ashford Portfolio includes Ashford Trust & Ashford Prime 2007 – 2013 Peers include: BEE, CHSP, DRH, FCH, HST, HT, LHO, PEB, SHO 2014 Ashford Portfolio represents Ashford Prime 2014 Peers include: BEE, CHSP, DRH,, LHO, PEB, SHO Source: Company Filings 5
Slide 7: Asset Performance – Ashford Prime
7 Asset Performance – Ashford Prime Revenue and EBITDA figures displayed in $000's 2013 2014 Q1 2014 Q1 2015 Var RevPAR $158.26 $171.35 $147.49 $163.35 10.8% Hotel Revenue $294,250 $314,583 $70,275 $77,749 10.6% Hotel EBITDA $96,321 $104,798 $20,217 $23,523 16.4% EBITDA Flow 41.7% 44.2% The above ta
Slide 8: Ashford Prime Developments
8 Ashford Prime Developments Q1 2015 RevPAR up 10.8%, Adjusted EBITDA up 30.0% and EBITDA flow- through was 44% Through 5/1/15, Company has repurchased 1.9 million shares of common stock and units under its share repurchase program for total consideration of $32 million During Q4 2014, Company
Slide 9: Right of First Offer Hotels
9 Right of First Offer Hotels Hotel Market Rooms Ritz-Carlton Atlanta, GA 444 Rooms Hilton Back Bay Boston, MA 390 Rooms Courtyard Downtown Boston, MA 315 Rooms Embassy Suites Portland, OR 276 Rooms Embassy Suites Crystal City Washington, D.C. 267 Rooms Crowne Plaza Beverly Hills Los Angeles, CA 258
Slide 10: Annual Shareholder Meeting – May 2015
10 Annual Shareholder Meeting – May 2015
Ashford Hospitality Prime — Shareholder Meeting (May 2015) on 6ix