Skyline Investments Inc · TASE:SKLN

Skyline Investments — Q3 2022 Earnings Presentation

31 slides from Skyline Investments's earnings presentation, May 2022

  1. Slide 1: 2022ႁၢၳၪၻၷၢ ၵၧၥၥ ၿၧႂၰ ႄၣၾၳ

    2022ႁၢၳၪၻၷၢ 30 ၵၧၥၥ ၿၧႂၰ ႄၣၾၳ

  2. Slide 2: Disclaimer

    ʺʥʠʰʩʥʬʩʢ ၬၰၰၯ .ၥႁၢၩၥႄၧၤၧၠႄၬၰၰၯႄၣၾၳၯ ("ၥႁၢၩၥ"ၧၠ "ၵၬၬၰၬၬၿၷ") Skyline Investments Inc. ၬၤၬၰၸၥၶၯၧၥၧၨႄၣၾၳ ႂၬၧ ,ၥၰၠႄၧၩၧၤၢၰၰၯၶၥၸၤၬၳၰႄၧၬၶၻၥၰၸၥၰၧၯႄၷၷၧၢၳၧၨႄၣၾၳ .ၢၬၢၠၰႄၢၭႁၸႄၧႁၬၬၶၰၥၷႁၧၢၥႁႄၠၢႁၧၢၬၾၰၥႁၢၩၥၥၳၷႁၻႂၱၬၩၧၧၬၤၢၵၬၬၸၰၭႁၧၾၥႄၠၹၬၰၩၥၰႄၤၸၧၬၳၥၶၬၠၧၨႄၣၾၳ ၥႁၢၩၥၰၸၹၷၧၶၸၤၬၳ .ၱၬႁၧၳၠၥၱၬၩၧၧၬၤၢႁၧၳၠၥႁၢၣၬ ,ၵၬၤၬၻ-ၰၸၱၬႂႁၤၶၥၥႁၢ

  3. Slide 3:  ၱၬႁၾၬၬၳၥ , ႄၧၰၧၤၣၱၬႁၸၬႁၢႁၻၢႁၿၬၸၢ , ၹၷၧၳၭႁၸၬၰၸၢၧၱၬၢၬၶၳ ( Selecte Service )

    ʤʸʡʧʤʯʥʦʧ ၥၿၬႁၳၠ ၵၧၻၾၢ ႄၧၰၬၢၧၳၥ ႄၧႁၢၩၥ ႄၩၠ ႄၠ ၥၶၧၢ ၵၬၬၰၬၬၿၷ "ႁၩၢၶႄၧႁၬႂ"ႄၧၶၧၰၳၢႄၧၤၿၳႄၥၭၧႄ ,ၥၸၿႂၥၰၵ"ၰၤၶၥၧၩၧႁၬၠၥၱၧၩႄၢ ၱၬႁၾၬၬၳၥ ,ႄၧၰၧၤၣၱၬႁၸၬႁၢႁၻၢႁၿၬၸၢ ,ၹၷၧၳၭႁၸၬၰၸၢၧၱၬၢၬၶၳ (Selecte Service) .ၹၷၧၳၭႁၸႄၧၰၸၢႄၧၷၶၯၥ ႄၧၸၾၳၠၢ ၵၧၯၬၷ ႄၳၠႄၧၳ ၥၥၧၢၣ ၥၠၧႂႄ ၿၻၷၰၧ ႄၧၬၶၳၥ ၬၰၸၢၰ ၭႁၸ ႁၾၬၬၰ ႄၻၠၧႂ ၥႁၢၩၥ ၱၬၷၯၶ ၰၧၥၬၶ ၰၸ ႂၣၤ ၭၧ

  4. Slide 4: Select Service hotel strategy

    (Select Service) "ႁၩၢၶႄၧႁၬႂ"ႄၧၶၧၰၳ ၱၬၿၷၸၰႂႄၧႁၬၬႄၢၤၿၳႄၳၥႄၧၠၶၧၰၳၥႄၬၬႂၸႄၰႂႁၧၪၿၷၢၱၬၰၰၯၶ Select Serviceႄၧၶၧၰၳ • ၬၧၨၬၩၰၵႄၬၶၥၢၬၾၬၱၬၶၳၧၨၳၱၬႁၨႄႁၾၬၬၳၧ ,ၸၧၢႂၬၻၧၷၢၬၠၶၻႄၧႁၬၬႄၧ ,ၸၧၢႂၥၭၰၥၳၢၱၬၬၶၧၶၬၢ ၱၬၢႂၩၶၱၶၬၠၧၱၬႁၢႁၻၢၱၬၳၿၧၳၳၥႁႄၧၬၱၬၶၪၿၵၧၰၳၬႄၢၰၰၯၭႁၤၢၱၥ Select Serviceႄၧၶၧၰၳ • ၬၰၯၰၯၵၧႄၬၳၰႂႄၧၻၧၿႄၢႄၧၩၻၱၬၬႄၤၧၶႄၱၶၬၥၵၯၰၸၧ ,

  5. Slide 5: Key figures at a glance

    ႁၧၿၬၢ ၷၬၪႁၯ - ၵၬၬၰၬၬၿၷ 17 ၱၬၢၬၶၳ ၱၬၷၯၶ 2,856 ၵၧၰၳ ၬႁၤၩ $320M/$613M ၵၧၥ/ၱၬၷၯၶၭၷ 52% ၵၨၠၳၰ ၵၧၥ Baa1.il (ၢၬၾၬ ၿၻၧၠ) ၢၧၩၥ ႄၧႁၣၠ ၣၧႁၬၤ

  6. Slide 6: Management and board

    ၥႁၬၯၢ ၥၰၥၶၥ ၩ"ၧႁ ,ၵၳၷၿၧ ၪႁၢၧႁ ʧ"ʥʸ ,ʯʩʩʠʬ ʷʩʩʬʡ ၱၬၻၷၯ ၰ"ၯၶၳၷ ʬ"ʫʰʮ ၥၶႂ 20 ၰၸၳ ၰႂ ၵၧၬၷၬၶ ၰၸၢ ၵၳၷၿၧ ႁၳ ႄၧၠၶၧၰၳၬၷၯၶ ၰၧၥၬၶၢ ၢႁ ၵၧၬၷၬၶၵၬၬၠၰႁၳၰ ,ၧၬၧၶၬၳ ၱႁၪ .ၵ"ၰၤၶၧ ၵၧၳၬၳ ,ၱၬၻၷၯ ၰၧၥၬၶၢ ၧႄၧၻႁၪၾၥ ၱႁၪ .ၬၳၧၠၰၶၬၢၥ ၿၧႂၢၧ ၥၤၶၿၢ ၰႂ ၽၧၸၬၥ ႄၿၰၩၳ ႄၠ ၰၬၢၧၥ ၵၳၷၿၧ ႁၳ family ႁၻၷၳ ၰၥၬၶ ၵၬၬၠၰ ႁၳ ,ၥႁၢၩၰ ၽၧၸၬၬၢ ၥၩၳႄၳၥ ,ၧၪၶၧႁ

  7. Slide 7: Shareholder structure

    ၬၩၯၧၶ ႄၧၰၸၢ ၥၶၢၳ 49.5% 1.54% ʸʣʩʩʰʹʱʫʬʠ ʸʥʡʩʶ 27.46% 2 1.2% ʯʩʩʠʬʷʩʩʬʡ ʺʸʹʫʤ ʡʥʹʩʤ 20.3% 7

  8. Slide 8: Select Service hotel strategy

    ႄၬၿၷၸ ၥၬၣၪႁၪၷၠ ʤʹʩʫʸʩʣʲʩ ʤʸʡʧʤʺʩʩʢʨʸʨʱʠ ၥၤၶၿၧ ၢ"ၥႁၠၢ ႄၧၤၿၳႄၥ ,ၱၬၢၬၶၳ Select Service ႄၧၶၧၰၳ ႄႂၬၯႁ ၹၷၧၳၭႁၸၱၬႁၾၬၬၳၥ ၢၬၾၬႄၧၷၶၯၥ ၱၬႁၨႄ ,ၱၬၩၧၧႁၥႁၧၻၬႂၱႂၰႄၧၶၧၰၳၽၧၻၬႂၢႄၧၸၿႂၥ ၿၨၩ ၥၩၬၳၾ ၰၠၬၾၶၪၧၻ ၬၰၸၢ ၱၬၿၧၧႂ ၬၧၧႂၥၧၱၬၶၳၧၨၳၥၱၬႁၨႄ ၥၧၢၣ ႂၧၿၬၢ ၬၰၰၧၩၳ ႄၧၶၧၰၳၱၶၬၠႂၱၬၷၯၶၳၱၬၩၧၧႁႄၿၻၥၭႂၳၥ ၥၩၬၳၾၥႄၿၶၨၥၧၬၳၾၸၥၵၧၥၰႁၧၿၳၯ ၱၬႂၤၩ ႄ

  9. Slide 9: Hotel locations map

    ၥႂၬၯႁၬၤၿၧၳၧၱၬၷၯၶႄၻၳ Canada &OLFNWRDGGWH[W DEERFIELD EERFIEELD ARLINGTON HEIGHTSS ROCKFORD R OC TOLEDO TO OLEDO DAYTON DAYTO D TO MANASSASS MA LEXINGTON NGTON ႄၧႂၬၯႁၬႁၧၨၠ LITTLE TLEE RO ROCK HUNTSVILLE NTSVIL ၱၬၬႁၿၬၸ OKLAHOMA HOMA CITY BIRMINGHAM INGHA A AM Mexico Fort Myers ʤʣʰʷʥ ʡ"ʤʸʠʡ ʭʩʸʲ 16 | ʯʥ

  10. Slide 10: Hyatt Regency Arcade

    ၢ"ၥႁၠၢ ၱၬၬႁၿၬၸၱၬၬၰၧၸၻႄ ၱၬၷၯၶ Hyatt Regency Arcade,ၵၧၰၳ ၧၬၥၧၠ ,ၤၶၰၢၬၰၿ

  11. Slide 11: Courtyard by Marriott hotels

    &RXUW\DUGE\0DUULRWWʺʥʰʥʬʮ 14 ʤʹʩʫʸ ʪʩʸʠʺ ʤʩʸʥʢʨʷ ʬʥʤʩʰ ʺʸʡʧ ʢʺʥʮ ʭʥʷʩʮ ၱၬၷၯၶႄႁၬၿၷ 2017 ,ႁၢၳၢၧၶၢ 14 ႁၩၢၶႄၧႁၬႂ Aimbridge, Courtyard by ʺʥʰʩʣʮ 10 (ၢ"ၥႁၠႁၰၧၤၢ) 2022 ,ၬၰၧၬၢ 11 (Select Service) Urgo Marriott ʡ"ʤʸʠʡ ʩʠʸʹʠ ʺʸʢʱʮ ʤʠʥʥʬʤʺʸʺʩ ʸʣʧʬ ʸʩʧʮ ʤʹʩʫʸ ʺʥʬʲ ʭʩʸʣʧ ʸʴʱʮ ʺʥʰʥʬʮ ʸʴʱʮ 30.9.2022 $31,075,000 $1

  12. Slide 12: Hyatt Regency Arcade

    a = © so) © S) — <x > 6 c 0) 2) ® ow be ar © > = eager =: SKYLINE HYATT REGENCY

  13. Slide 13: Hyatt Regency Arcade

    +\DWW5HJHQF\$UFDGH ႄၧၩၢႂၥ ၵၧၬၾၰ ႄၧၤၧၿၶ ,ႄၧၢၬႂၬၥၬၰၰၩၧၩၧႁၬၠၥၬႁၤၩ ၰၯ ၰႂ ၽၧၻၬႂ ၱၰႂၧၥ ၥၶၧႁၩၠၰ ඵ ၬ"ၸ ၥၶၢၶႂ ၬႁၧၪၷၬၥ ႄႂႁၧၳ ၷၯၶ ၧၶၬၥ COHYHODQG$UFDGH ၵၧၰၳၥ ၰႂ ၬႄၧႁၩႄၥ ၵၧႁႄၬၥ ႄၠ ႁၻႂၰ ၬၧၻၾႁႂၠ 1890 ႄၶႂၢ ႁၰၻၿၧႁ .ၤၵၧ'ၣ ၷၯၶၥၽၧၻၬႂၰ 1ၥၤၧႄၸႄၧၸၾၳၠၢၥၢၧႁၢၥၶၳၧၳ ၽၧၻၬႂၥ ႄၧၰၸ ඵ ၱၬၸၧႁၬၠၧ ႄၧၶၧႄၩ 60-80 ၩႁၠၳၧ ၱၬၸၧႁၬၠၰ ၬၢၬၪၿႁၪၠ ၤ

  14. Slide 14: Renaissance Cleveland

    SKYLINE Renaissance Cleveland |!'7n RENAISSANCE’ CLEVELAND HOTEL

  15. Slide 15: Renaissance Cleveland

    5HQDLVVDQFH&OHYHODQGʯʥʬʮ ʺʥʧʡʹʤ ʯʥʩʶʬ ʺʥʣʥʷʰ ႄၬၶၯႄၢၵၧႂၠႁၥၢၰႂၥႄၠၧၠၧၰၳၢ ၥၳၬၰႂၥ ၥႁၢၩၥ ඵ The Cleveland Hotel ၱႂၥ ႄၩႄ ၥၶၢၶႂ ၬႁၧၪၷၬၥ ႄႂႁၧၳ ႁႄၠ .ႁၬၧၧၠ ၣၧၨၬၳၧႁၧႁၧၧၠ ,ၱၧၳၬၩ ႄၧၯႁၸၳ ႄၻၰၩၥၰၰၯႂ ,ၽၧၻၬႂၥ 1918 ႄၶႂၢ ၰႂ ႄၬၨၯႁၳၥ ၥၶၧၰႄၰၥၶၸၳႄၿၻၷၳႄၧၯႁၸၳၥႄၻၰၩၥ ၷၰၪၬၢၥ ,ၣၶၬၿႁႄၧၰၵၬၪႁၳ :ၵၧၰၳၢ ၧႁၿၬၢႂၱၬၸၧၤၬၥၱၬၩႁၧၠၥၵၬၢ .ၰၳႂၩၢ ၵၧ

  16. Slide 16: Bear Valley resort

    ʤʣʰʷʡ ʭʥʦʩʩ ʩʱʫʰʥ ʹʴʥʰ ʩʸʺʠ ʺʸʩʫʮ -ʺʩʺʥʲʮʹʮʤʷʱʲ ၭၷၢၥႂၬၯႁႁၬၩၳၰၥႁၧၳႄၢၥၤၶၿၢၥႁၢၩၥၰႂၱၧၨၬၬၥၬၷၯၶၧႂၻၧၶၥၬႁႄၠႄၬၢႁၳႄႁၬၯၳႄၠၵၬၬၰၬၬၿၷၥၳၬၰႂၥ 2021ႁၢၳၾၤႂၤၧၩၢ ඵ .ၬၤၶၿႁၰၧၤၵၧၬၰၬၳ 210ၰႂၰၰၧၯ ႁႄၠၱၸၧၰၠၱၬၷၯၶၥၢၰၬႂ ,("Resort LP") Resort Communications LPၱႂၢၥႂၤၩႄၢၥႁၢၩ ႄၧၸၾၳၠၢ ,("ၤၬႁၻ") Freed Corp. ඵ ၬၤၶၿႁၰၧၤၵၧၬၰၬၳ 90ၰႂၱၯၷၧၳၬၧၧ

  17. Slide 17: Resort LP and legacy assets

    ʩʣʰʷʸʬʥʣʯʥʩʬʩʮ 165ʪʱʡʭʩʴʱʥʰ /HJDF\)ʭʩʩʸʥʨʱʩʤʭʩʱʫʰ -ၥၬၶႁၧၻၬၰၿ ,Bear Valleyႂၻၧၶၥႁႄၠ ၬၤၶၿႁၰၧၤၵၧၬၰၬၳ 27 :ၱၬႁၻၷၢၧၪၧႁၢၭႁၸ 52ၱၸ ,ၱၬႁၿၠ 1,700ၰႂၩၪႂၰၸ ,ၧၿၷၬၷၶႁၻၵၷၳႄၧၸႂ 3ၿၩႁၳ o ၥၢၩႁၥႄၧၬၾၻၧၠၧၩၧႁၬၠၬႁၤၩ -ၧ Horseshoe ,Deerhurstႂၻၧၶၥၬႁႄၠၢႄၧၬႁၧၬႂႄၧၬၧၯၨ – Resorts LP -ၢႄၧၬၧၯၨၥၳ 29% -ၧႁၾၿၵၳၨၰၬၪၬၧၧၿၠႄၧၠၧၧၰၥ Blue Mountai

  18. Slide 18: Q3 2022 results highlights

    2022ʬʹʩʹʩʬʹʤʯʥʲʡʸʬʺʥʩʬʥʲʴʺʺʥʠʶʥʺ -ၯႄၳၧၸၰ ,ၬၤၶၿႁၰၧၤၬၶၧၬၰၬၳ 32.8 -ၯၰႂၭၷၰ 32% -ၢၧၩၳၾ 2022ၰႂၬႂၬၰႂၥၵၧၸၢႁၰ 1ၱၬၥၨၱၬၷၯၶၳႄၧၷၶၯၥၥ • ႄၧၰၢၣၳၢၥၰၿၥၧႂၧၿၬၢၢႁၧၻၬႂၥၭႂၳၥၳၥၠၾၧႄၯႄၠၨၧ ,2021ၰႂၬႂၬၰႂၥၵၧၸၢႁၢၬၤၶၿႁၰၧၤၵၧၬၰၬၳ 24.8 ၥၶၧႁၧၿၥ ႄၻၬၣၳၢႄၧႁၧႂၿၥ ၬၶၧၬၰၬၳ 6.5 -ၯၰႂၭၷႄၳၧၸၰၬၤၶၿႁၰၧၤၬၶၧၬၰၬၳ 5.8 -ၯၰႂၭၷၰၤႁၬ 2022ၰႂၬႂၬၰႂၥၵၧၸၢႁၢၱၬၥၨၱ

  19. Slide 19: Events after the period

    ʤʰʥʸʧʠʬʥʬʧʹʭʩʩʬʥʲʴʺʠʬʭʩʲʥʸʩʠ ႄႁၬၯၳၱၸၥၬႄၧၶႂၱၬႁႂၸၢႁႄၧၬၢၥၰၧၤၣၥႄၬၤၬၣၠႄၥၥၿၷၸၥႄၠၥၳၬၰႂၥၥႁၢၩၥ ,2021ၰႂၵၧႁၩၠၥၵၧၸၢႁၢ • ၥႁၧၳႄၢ ,Blue Mountainႂၻၧၶၥႁႄၠၢၧႁႄၧၶႂၩၧႄၬၻၰႄၧၸၿႁၿၥၧ Horseshoe -ၧ Deerhurstႂၻၧၶၥၬႁႄၠ ၬၤၶၿႁၰၧၤၬၶၧၬၰၬၳ 210 -ၯၰႂၭၷၰ ၵၬၣၢ ,ၢ"ၥႁၠၢၰၧၤၣၬၷၶၶၬၻၤၷၧၳၱၸၱၬၶႂႂၳၩၰႂၥၻၧၿႄၰႂၤၩၳၵၧၳၬၳၥၳၬၰႂၥၥႁၢၩၥ ,2022ၰၬႁၻၠၢ • ၥႁၢ

  20. Slide 20: NOI, EBITDA and FFO

    ၥၻၧၿႄၰႄၧၠၾၧႄၥ ႄၬၾၳႄ ၱၬႂၤၧၩ 9 ၱၬႂၤၧၩ 9 ,ႁၢၳၾၤၢ 31 ၧၳၬၬႄၷၥႂ ၧၳၬၬႄၷၥႂ ၬၤၶၿႁၰၧၤၬၻၰၠၢ 2021 30.9.2021 30.9.2022 129,293 98,226 97,374 ႂၻၧၶၬႁႄၠၧႄၧၶၧၰၳၳ ႄၧၷၶၯၥ 7,453 4,897 1,566 ၱၬႁၧၣၳၰ ၵ"ၰၤၶ ႄႁၬၯၳၳ ႄၧၷၶၯၥ 136,746 103,123 98,940 ႄၧၷၶၯၥ ၯ"ၥၷ 33,081 28,566 20,605 ႂၻၧၶၬႁႄၠၧႄၧၶၧၰၳၳ NOI 24,501 22,926 14,871 ၱၠၧႄ

  21. Slide 21: Balance sheet summary

    ၵၨၠၳၥၬႁၿၬၸ ,ႁၢၳၾၤၢ 31 ,ႁၢၳၪၻၷၢ 30 ,ႁၢၳၪၻၷၢ 30 ʩʣʰʷʸʬʥʣʩʴʬʠʡ 2021 2021 2022 579,704 662,360 613,401 ၱၬၷၯၶ ၯ"ၥၷ 223,602 294,629 240,683 1ၧၪၧႁၢ ၢၧၩ 61,489 34,983 29,674 ၱၬၶၳၧၨၳ ၬၧၧႂၧ ၱၬၶၳၧၨၳ 162,113 259,646 211,009 ၧၪၶ ,ၬၷၶၶၬၻ ၢၧၩ ၰႂ ႄၧၬၶၳ ၬၰၸၢၰ ၷၩၧၬၳ ၵၧၥ 266,249 261,016 284,647 ၥႁၢၩၥ 30,827 35,699 34,

  22. Slide 22: Strategy 2022-2023

    ʤʮʩʣʷʨʡʮʡʯʩʩʬʩʩʷʱ :ၭၰၬၠၧ 2022-2023 ၱၬၶႂၢႄၧႂၤၩၵၧၥႄၧၸၿႂၥၤၧၿၬၳ ၧၠၬၢၬၧၬၧၨၬၩၰၱၬၶႄၬၶၥၱၬၢၬၾၬၱၬၩၧၧႁၥႁၢၩၰၧၿၻၷၬႂ ,(Select Service) "ႁၩၢၶႄၧႁၬႂ"ႄၬၬႁၧၣၪၿၳ ႄၧၶၧၰၳႄႂၬၯႁ ඵ ၱၬၶၳၧၨၳၥၱၬႁၨႄၢၰၧၤၬၣၰ ၸၧၢႂၥၬၳၬၢႄၬၿၷၸႄၧႁၬၬႄၰၸၷၷၢႄၳၥၢၬၾၬႄၧၩၧၿၰၷၬၷၢၰႂၢၬၧၨၬၩၰႁႄၧၬၱၬၢၧၪ Select Serviceႄၧၶၧၰၳ ඵ ၸၧၢႂၬၻၧၷၢၬၠၶၻႄၧႁၬၬႄၧ ႄၬၰၯၰၯ ၥၪၠၥ ၰႂ ႄၧၻ

  23. Slide 23: Net asset value (NAV)

    (NAV)ၧၪၶၱၬၷၯၶၬၧၧႂၰၥၬၶၳၥႁၬၩၳၢၥၩၶၥ ၰၸၤၳၸႂ ,2022 ,ႁၢၳၪၻၷၢ 30ၱၧၬၢၥၬၶၳၥႁၬၩၳႄၳၧၸၰ ,ോ 44.18ၰၸၤၳၸ 1ၥၬၶၳၰ (NAV)ၧၪၶၱၬၷၯၶၥၬၧၧႂ .ၬၳၾၸၥၵၧၥၰႄၩႄၳ 54.5% -ၯ ,ോ 20.10 54.5% ž¢£¦³´Ÿª±¨©ª£š³ ´Ÿ£Ÿ¥ ¦Ÿ²¢ª› (1) 23

  24. Slide 24: Loan to value (LTV)

    ႄၧၬၧၶၳၤၨၥၧ ႄၧၬၷၶၶၬၻ ႄၧၿၨၧၩ 52%ၰႂၱၬၷၯၶၭၷၰၵၧၥၷၩၬ ඵ (ႂၻၧၶၥ ၬႁႄၠၧ ႄၧၶၧၰၳၥ ၵၬၣၢ 47% -ၯ) ၭၧၳၶ (LTV)ၱၬၷၯၶၬၧၧႂၰႄၧၠၧၧၰၥၷၩၬ ඵ ၬၤၶၿႁၰၧၤၵၧၬၰၬၳ 29.7ၰႂၭၷၢၱၬၶၳၧၨၳႄႁႄၬ ඵ (VTB)ႂၯၧႁႄၧၠၧၧၰၥၳ ႄၧၢၧႁၿၥၱၬၶႂၥ 5 ၭၰၥၳၢ ၬၧၻၾ ၬၤၶၿ ႁၰၧၤ ၵၧၬၰၬၳ 105 -ၯ ၰႂ ၭၷၢၹၷၧၶ ၱၬၶၳၧၨၳ ၱၬႁၨႄ ඵ ႂၻၧၶၥ ၬႁႄၠ ၰႂ ၥႁၬၯၳ ႄၰၰၧၯၥ ,ၥၬႄၧၶႂၱၬႁႂၸၥၨၳ ၥၰႂ ႁႄၧၬ

  25. Slide 25: Investment highlights

    ၥႁၢၩၥၰႂၭႁၸၥႄၸၾၥ ၢ"ၥႁၠၢၵၥၧၥၤၶၿၢၵၥ ,Select Serviceႄၧၶၧၰၳၢႄၧၤၿၳႄၥ ඵ ၩၯၧၳၵၧၬၷၬၶၰၸၢၬၶႁၪၶၬၠၥၰၥၶၥႄၧၧၾ ඵ Marriottႄႂႁၱၸၥၶႄၬၠၱၬၷၩၬႄၯႁၸၳ ඵ ၨၧၩၳၧၠၥၶၬၤၳၰၯၢၱၬၷၯၶၽၻႂၰႄၰၧၯၬၥႄၠၥႁၢၩၰႄၧၶၿၳၥႄၧၬၣၪႁၪၷၠႄၧၬၧၻႄၧႂ ඵ ၵၧၰၳၬႄၢၰၧၥၬၶၢၱၬၿၷၧၸၥၱၬၬႂၬၰႂၱၬၤၤၾၵၧၧၣၳၱၸၱၬႁႂၿ ඵ ႄၧၠၶၧၰၳၬၷၯၶၰၸႄၧၰၸၢၢႄၢၩႁၶႄၧၬၩၳၧၳႄၰၸၢၥၰၥၶၥ ඵ ၱၬၧၧၰၳၱၬၻၧၣၵၧၧၣၳၱၸၱၬ

  26. Slide 26: Thank you

    !ʤʣʥʺ ʭʩʴʱʫʬ"ʫʰʮʱ ,ʯʮʱʷʥʡʥʸʬʤʰʴʠʰʠ ,ʤʬʠʹʬʫʬ 647-207-_UREZ#VN\OLQHLQYHVWPHQWVFRP WWW.6.</,1(,19(670(176&20

  27. Slide 27: wae US =

    wae US = Designed by: www.@design.co.il

  28. Slide 28: Property portfolio table

    ʩʣʰʷʸʬʥʣʩʴʬʠ)ʩʷʰʩʱʫʰʩʥʥʹ ʩʱʰʰʩʴʡʥʧ ၱၬႂၤၧၩ 12 -ၰ ʯʥʤ LTV ʭʥʩʬ NOI/BV ၱၬၶၧႁၩၠ NOI 2021 ʭʩʸʴʱʡʪʸʲ ʺʥʬʲʡʤʸʥʲʩʹ 30.9.2022 ʭʩʠʰʥʬʮʥʭʩʡʩʰʮʭʩʱʫʰ 50,919 31% 22,503 7.5% 5,489 4,556 73,422 100% Hyatt Regency Arcade 48,340 37% 28,008 3.5% 2,709 3,957 76,348 50% Renaissance Hotel 98,962 58% 135,245 6.1% 14,396

  29. Slide 29: Debt details

    ၢၧၩၥ ၰႂ ၥၷၬႁၻၧ ၢၯႁၥ ၵၻၧၠၢၱၬၸၾၢႄၳၱၬၳၧၰႂႄၥ – ('ၢၥႁၤၷ)ၢၧၩ ႄၧႁၣၬၠ ඵ (ၬၤၶၿႁၰၧၤၬၻၰၠၢ ၿ ) 2022 ,ႁၢၳၪၻၷၢ 30ၱၧၬၰ .ၹၪၧႂ 4% ၱၬၶႂ 3.27 –ႄၰၰၿၧႂၳႄၸၾၧၳၳၵၧၸႁၬၻႄၻၧၿႄ ၸၾၧၳၳၵၧၸႁၬၻႄၻၧၿႄ ၧ 1% ႁၢၧၪၿၧၠၢ 7ၱၧၬၢ – Renaissanceၵၧၰၳၵၬၣၢၥၠၧၧၰၥ ඵ ၤၸၥၠၧၧၰၥၥႄၯႁၠၥၰၱၯၷၥၢၥႁႂၿႄၥၥႁၢၩၥ ,2022 6.93% –ႄၰၰၿၧႂၳႄၸၾၧၳၳႄၬၢၬႁႁၧၸၬႂ ႄၸၾၧၳၳႄၬၢၬႁႁၧၸၬ

  30. Slide 30: Hotel owners and operators

    ၱၬၷၯၶၢႄၧၰၸၢၥၢၯႁၥ ʸʫʹʥʮ ʢʺʥʮ ʬʤʰʮ ʱʫʰʤʬʲʡ ʱʫʰ ၠၰ ၬၠၳၾၸ ၵၬၬၰၬၬၿၷ ၵၬၬၰၬၬၿၷ Bear Valley ၠၰ Hyatt Regency Hyatt ၵၬၬၰၬၬၿၷ Hyatt Regency Cleveland Marriott Renaissance ၠၰ Marriott Renaissance Aimbridge ၵၬၬၰၬၬၿၷ Cleveland Marriott Courtyard ၠၰ Courtyard by Marriott Aimbridge, Urgo ၵၬၬၰၬၬၿၷ Hotels ʤʸʫʹʤ ʺʥʰʩ

  31. Slide 31: Development land debt repayments

    VTB)ʸʫʥʮ ʺʥʠʥʥʬʤʮ ʤʸʡʧʤʬʹʥʨʰ ʩʥʴʶʤ ʭʩʰʮʥʦʮʤ ʭʩʸʦʺ ႁၯၧၳႄၧၠၧၧၰၥ ၯ"ၥၷ ၥၠၰၥၧ 2024 2023 2022 ,4ၵၧၸၢႁ (ၬၤၶၿႁၰၧၤၬၻၰၠၢ) 30,768 27,768 2,400 600 Port McNicoll 3,747 3,588 127 32 Blue Mountain Retail 804 770 34 - Vetta Spa 35,319 32,126 2,561 632 ၥၬၶၢႄၧၠၧၧၰၥၯ"ၥၷ 69,181 67,327 1,483 371 ၤၬႁၻႄၿၷၸၳႁၯၧၳႄၧၠၧၧၰၥ 10

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