Acrophyte Hospitality Trust · SGX:XZL
Acrophyte Hospitality Trust — ARA US Hospitality Trust — Shareholder Meeting (April 2022)
21 slides from Acrophyte Hospitality Trust's shareholder meeting presentation, Apr 27, 2022
Slide 1: ARA US Hospitality Trust Annual General Meeting 2022
ARA US HOSPITALITY TRUST ANNUAL GENERAL MEETING 2022 27 APRIL 2022
Slide 2: Important Notice
Important Notice This presentation is for information purposes only and does not constitute or form part of an offer, invitation or solicitation of any offer to purchase or subscribe for any securities of ARA US Hospitality Trust in Singapore under the Securities and Futures Act, Chapter 289 of Sing
Slide 3: Agenda
AGENDA 1. Overview of ARA H-Trust 2. 2021: Year In Review 3. On the Road to Recovery Hyatt Place Omaha Downtown Old Market
Slide 4: Backed by APAC's Largest Real Asset Manager
Backed by APAC’s Largest Real Asset Manager ARA Asset Management is part of ESR Group (wef 20 January 2022) #1 Real Asset Manager in Powered by the New With a Full Suite of And a Global Footprint With a APAC Economy Investment Solutions Leading APAC Presence Over US$59Bn US$95Bn 3rd Largest US$140Bn
Slide 5: Resilient Portfolio Managed by Experienced Teams
Resilient Portfolio Managed by Experienced Teams A diversified portfolio anchored by resilient fundamentals 41 5,340 upscale hotels rooms >90% 38 sub- rooms- focused markets revenue 5 2 hotel brands hotel operators 22 states *As at 31 December 2021 4
Slide 6: Agenda
AGENDA 1. Overview of ARA H-Trust 2. 2021: Year In Review 3. On the Road to Recovery Residence Inn San Antonio Six Flags® at The RIM
Slide 7: U.S. Economic Recovery Continued in 2021
U.S. Economic Recovery Continued in 2021 Near-term economic indicators continue to be robust U.S. Real GDP % Chg from Preceding Quarter U.S. Unemployment Rate (Seasonally Adjusted) COVID-19 14.8% 15 10 3.9% 5 +2.3% -3.4% +5.7% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 0 2015 2016 2018 2019 2021 2019 2020
Slide 8: COVID-19 Cases in FY2021
COVID-19 Cases in FY2021 U.S. economic growth accelerated late 2021 but lost momentum at the end due to Omicron wave COVID-19 Cases in the U.S. vs. % of Population Fully Vaccinated • US Covid-19 vaccination % of population fully vaccinated 7-day average new cases campaign began Dec 2020 100% 900,000
Slide 9: U.S. Hotel Market Recovery Supported by Strong Leisure Demand
U.S. Hotel Market Recovery Supported by Strong Leisure Demand Vaccination availability and uptake improved confidence in travel U.S. Hotel Market Weekly RevPAR and Occupancy U.S. Hotel Market RevPAR 2021 vs 2019 10% 70% US$ 5.2% RevPAR Occ 150 100% 0% 0% 60% -3.9% -10% -8.0% -7.3% -7.6% 50% -13% 100
Slide 10: FY2021 Key Performance Indicators
FY2021 Key Performance Indicators Improvement across all performance indicators 57.1% 16.1 pp Gross Revenue Gross Operating Profit Net Property Income y-o-y Occupancy US$130.7 mil US$40.5 mil US$24.9 mil US$130.7 mil US$40.5 mil US$112 9.0% ADR y-o-y US$24.9 mil US$78.2 mil US$64 51.8% US$12.7 mil R
Slide 11: Portfolio Performance by Brands
Portfolio Performance by Brands Sustained recovery in occupancy and RevPAR across the portfolio Occupancy RevPAR 10
Slide 12: FY2021 Key Highlights
FY2021 Key Highlights Recovery on Track Aggregate New Loan Facility Leverage Ratio US$95 mil Facility Refinancing existing loans to 44.3% extend maturity to 2.6 years (FY2020: 48.2%) Distributable Income Portfolio Valuation Portfolio Optimization US$ 2.0 mil1 US$722.6 mil Selective potential (FY2020
Slide 13: Sound Financial and Liquidity Position
Sound Financial and Liquidity Position Disciplined and prudent approach in managing capital structure As at As at 31 Dec 2020 31 Dec 2021 NAV per Stapled Security US$0.62 US$0.70 Cash Balance US$26.8 mil US$19.2 mil Total Debt Outstanding US$354.7 mil US$338.1 mil Aggregate Leverage Ratio 48.2% 44.3
Slide 14: Proactive Capital Management
Proactive Capital Management Extending maturities and improving drawdown capacity Debt Maturity Profile (Dec 2021) USD 300 Million USD 250 USD 200 USD 150 252 USD 100 USD 50 10 75 85 USD 0 FY22 FY23 FY24 FY25 • Proactively started early refinancing for short-term loans ➢ New US$95 mil 3-year unsecur
Slide 15: Portfolio Optimization
Portfolio Optimization Proposed sale of Hyatt Place Chicago Itasca (estimated completion in 1H 2022) Pro Forma Financial Effects1,2 FY2021 Before disposition After disposition Var (%) Distributable Income (US$’000) 2,018 2,104 4.3 DPS (US cents) 0.355 0.371 4.5 NAV per Stapled Security (US$) 0.70 0.
Slide 16: Agenda
AGENDA 1. Overview of ARA H-Trust 2. 2021: Year In Review 3. On the Road to Recovery AC Hotel Marriott Raleigh North Hills
Slide 17: Going Forward
Going Forward Fundamentals bode well for 2022 and beyond ➢ High % of population ➢ Domestic leisure vaccinated transient demand ➢ Effective vaccines primary driver from Pfizer, Moderna ➢ Improved traveller and J&J confidence ➢ International visitation ➢ Daily COVID-19 Successful Leisure to U.S. expec
Slide 18: Recovery to Pre-pandemic Levels Continues to Advance
Recovery to Pre-pandemic Levels Continues to Advance Hotel industry fundamentals are poised for continued recovery Year 2019 2020 2021 2022F 2023F 2024F Occupancy 66% 44% 58% 64% 66% 67% ADR $131 $103 $125 $134 $140 $145 RevPAR $87 $45 $72 $86 $92 $97 RevPAR - -50% -17% -1% +7% +12% compared w/ 2019
Slide 19: Lagging Demand Segments to Rebound in 2022 and 2023
Lagging Demand Segments to Rebound in 2022 and 2023 Confidence returning for business travel and group conventions U.S. GBTA Survey – Resumption of Business Travel % of respondents expecting the return of in-person events As of 20 Jan 2022 Plan to Resume in near • Pre-pandemic activity levels 9% fut
Slide 20: Positive Factors With Challenges Ahead
Positive Factors With Challenges Ahead Hotel industry fundamentals are poised for continued recovery + Covid transition from pandemic to endemic - Labor availability + Enhanced travel confidence from vaccine rollout and - Wage pressures therapeutics - Supply-chain delays + Return of corporate and -
Slide 21: Thank You
Thank You For enquiries, please contact: Investor Relations irusht@ara-group.com Tel: +65 6512 1422 www.araushotels.com AC Hotel Marriott Raleigh North Hills
ARA US Hospitality Trust — Shareholder Meeting (April 2022) on 6ix