Grupo Posadas Sab De Cv Class A · BMV:POSADAS/A
Grupo Posadas Sab De Cv Class A — Q4 2019 Earnings Presentation
24 slides from Grupo Posadas Sab De Cv Class A's earnings presentation, Feb 27, 2020
Slide 1: Operating & Financial Results - 4Q19
Op erat in g & F in a n c ia l Re su lt s - 4 Q19 February 27, 2020 Fiesta Americana Viaducto Aeropuerto
Slide 2: Disclaimer
Disclaimer Operating & Financial Results - 4Q19 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: 2019 Strategy – Five Drivers
2019 Strategy – Five Drivers Operating & Financial Results - 4Q19 1 2 3 4 5 Talent Growth Client Economies of Financial Powered by Experiences scale Resources People 3
Slide 4: Asset Right Strategy: a path for sustainable growth
Asset Right Strategy: a path for sustainable growth Operating & Financial Results - 4Q19 Hotels and Rooms CAGR Growth 2012 - 2019 8% 164 new contracts 79 net openings 11,494 rooms 7% 9 new brands 2 new vacaction products 8,687 new Jobs Rooms Hotels 4
Slide 5: Openings
Openings Operating & Financial Results - 4Q19 7 5 4 1 2 Explanada Puebla Reynosa Valle Mty Rincón de Santiago Alto Mty Centro Versalles Gdl Periférico Poniente Celaya Al Varadero Parque Puebla Orizaba de France Mazatlán Centro Histórico Galerías Celaya Celaya 184 175 Al Holguín Irapuato Tapachula Ca
Slide 6: Fiesta Americana Viaducto
Fiesta Americana Viaducto Operating & Financial Results - 4Q19 • 260 Rooms • 2 Restaurants • 20-year term management contract • Business center / Conference rooms 6
Slide 7: Fiesta Americana San Luis Potosí
Fiesta Americana San Luis Potosí Operating & Financial Results - 4Q19 • 150 Rooms • 3 Restaurants • 20-year term management contract • Meeting rooms / Conference rooms 7
Slide 8: Grand Fiesta Americana Oaxaca
Grand Fiesta Americana Oaxaca Operating & Financial Results - 4Q19 • 144 Rooms • Business center • Conference rooms • Spa 8
Slide 9: Signed Hotel Contracts per year
Signed Hotel Contracts per year Operating & Financial Results - 4Q19 Number of Rooms Rooms by Brand 3 3 2,319 1 2 1 2 13 9 14 20 18 21 22 32 21 12 NEW BRAND Number of hotels 9
Slide 10: Pipeline
Pipeline Operating & Financial Results - 4Q19 Hotels Vacation Luxury Upper Midscale Economy Other Club New New Brand Brand Other Total 2019 5 8 17 2 73 6 19 47 6 1 184 2020 1 1 2 1 7 2 14 2021 1 1 5 3 1 6 17 36 20% 2022 1 2 1 1 5 Total 1 9 11 23 2 2 77 7 26 55 6 1 220 Rooms Vacation Luxury Upper Mid
Slide 11: Portfolio of Brands - Urban
Operating & Financial Results - 4Q19 PORTFOLIO URBAN OF BRANDS LIFESTYLE CLASSIC BUSINESS URBAN AUTHOR- UNIQUE CONVENIENT SIGNATURE (G) FREESTYLE CRAFTED RESORTS LUXURY CLASS PERSONALITY HOSTING LOCAL HOTELS LUXURY NEW UPPER UPSCALE BRAND UPSCALE NEW UPPER MIDSCALE BRAND MIDSCALE ECONOMY NEW REFURBI
Slide 12: Portfolio of Brands - Coastal
Operating & Financial Results - 4Q19 PORTFOLIO COASTAL OF BRANDS INMMERSIVE AUTHOR- LOVE LIFESTYLE LIFE CLASSIC BEACH FAMILY MULTIGENERATIONAL CRAFTED DISCOVER CELEBRATION RESORTS CELEBRATION LUXURY ENTERTAINMENT ENTERTAINMENT HOTELS NEW LUXURY BRAND NEW NEW UPPER UPSCALE BRAND BRAND NEW UPSCALE BRA
Slide 13: “La Colección” Resorts Awards and Accolades
“La Colección” Resorts Awards and Accolades Operating & Financial Results - 4Q19 Aqua San Miguel “Prix Versailles 2019” Best Architecture and Design in North America 4 Star - Forbes Travel Guide Star Award Fiesta Americana Condesa Cancún Expedia Top producer in México. Guest Satisfaction Booking.com
Slide 14: Posadas´ Programs Driving Customer Loyalty
Posadas´ Programs Driving Customer Loyalty Operating & Financial Results - 4Q19 New image/Customer centric More than 1 million gift certificates delivered: Growth through direct channels Room night gifts Fiesta Rewards points All programs recorded 32% of total occupancy, +2 pp YoY Domestic and inter
Slide 15: Grupo Posadas: #3 Best Place to work in Mexico
Grupo Posadas: #3 Best Place to work in Mexico Operating & Financial Results - 4Q19 #8 Best Company for Millenials. Flexwork: Reaching two very important aspects of every colleague, time and productivity (600 colleagues). UNET Human resources software (SAP) 15
Slide 16: Accelerated Growth for Vacation Properties, Net Sales
Accelerated Growth for Vacation Properties, Net Sales (US $ million) Operating & Financial Results - 4Q19 YoY (includes VAT) 17% 16% Membership sales in regional sales rooms +10% YoY (FAVC & LARC) 27 sales rooms in 55 hotels / 7 new sales rooms New operating system “Owner Management 17% 11% Product
Slide 17: Summary – 4Q19 Highlights
Summary – 4Q19 Highlights Operating & Financial Results - 4Q19 • In 4Q19 and 2019 revenues reached $2,388 million and $9,073 million, respectively. • EBITDA for the 4Q19 and 2019 of $428 million and $1,567 million, respectively, reflecting the application of IFRS 16, which went into effect on Januar
Slide 18: Income Statement (million pesos)
Income Statement (million pesos) Operating & Financial Results - 4Q19 IFRS 16 BAU BAU BAU IFRS 16 BAU BAU BAU 4Q19 Leases 4Q19 2018 V ar . $ V ar . % Acum Leases Acum 2018 V ar . $ V ar . % 2,388 2,388 2,197 191 9% Total Revenues 9,073 9,073 8,326 747 9% 1,960 194 2,153 1,876 (277) (15%) Expenses 7,
Slide 19: Urban (mxn) / Resorts (mxn)
Urban (mxn) Operating & Financial Results - 4Q19 Resorts (mxn) 19
Slide 20: Vacation Properties (million pesos)
Vacation Properties (million pesos) Operating & Financial Results - 4Q19 Gross Sales LTM Receivables 14% 25% 2,974 6,213 2,612 4,945 2,248 4,581 2,096 1,741 3,909 3,394 1,288 12% 20% 2,706 1,381 3,321 1,188 1,232 2,760 1,119 2,661 920 2,252 714 2,095 1,866 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3
Slide 21: EBITDA LTM (million pesos)
EBITDA LTM (million pesos) Operating & Financial Results - 4Q19 1,800 1,402 1,625 1,606 1,650 1,541 1,559 1,280 3,500 1,600 1,483 1,508 1,478 1,343 3,000 1,400 1,272 1,072 2,500 1,200 1,039 942 2,000 1,000 3,751 856 3,270 1,500 2,702 2,734 2,637 800 2,445 2,222 1,770 1,982 1,000 1,783 1,621 600 1,59
Slide 22: Free Cash Flow, Internal Reporting (million pesos)
Free Cash Flow, Internal Reporting (million pesos) Operating & Financial Results - 4Q19 22
Slide 23: Financial Health - Net Interest Coverage
Financial Health (Fx eop 18.8727) Operating & Financial Results - 4Q19 334 326 4.8x 4.7x 4.8x 5.0x 320 324 Net Interest Coverage 291 295 298 309 278 Net Debt (US$M) 252 258 253 229 2.8x 2.8x 2.8x 2.9x 2.7x 2.8x 2.1x 2.0x 189 1.7x 1.7x 1.6x 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19
Slide 24: FIESTAREWAR:
FIESTAREWAR: