Concentradora Fibra Danhos Sa De Cv · BMV:DANHOS/13
Concentradora Fibra Danhos Sa De Cv — Fibra Danhos — Credit Suisse Mexico Investment Ideas Conference 2015
28 slides from Concentradora Fibra Danhos Sa De Cv's conference presentation, May 2015
Slide 1: Mexico Investment Ideas Conference Presentation
CREDIT SUISSE Mexico Investment Ideas Conference Presentation May 2015 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Fibra Danhos (or the “Trust”) for informational and discussion purposes. It does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any Certificados Bursátiles Fiduc
Slide 3: Danhos´ DNA
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Slide 4: What defines Fibra Danhos?
What defines Fibra Danhos? Fibra Danhos´ DNA 1Q 15 at a glance What´s next for Fibra Danhos Management Alignment of Fibra Premier Quality Interests Danhos Assets Development 4
Slide 5: Management
Management Our management team has worked together for more than 15 years and has built over 26.9 million sqf (2.5 million sqm) of premier quality assets. Our entire team is comprised by 190 people. Top management has over 200 years of combined experience developing premier quality assets. Our manag
Slide 6: Premier Quality Assets
Premier Quality Assets • We focus on Premier quality assets in retail and office segments mainly in Mexico City´s Metropolitan Area: • Mexico City´s GDP per capita is about twice the GDP per capita of Mexico as a country. • Mexico City´s inhabitants have more propensity to spend, for example: • Mexi
Slide 7: Development
Development Development is embedded in our DNA. Premier quality properties are usually not for sale. As of today, we have developed all properties in our portfolio. Asset development creates value in the short run (i.e. development spread over acquisitions). In the case of premier quality properties
Slide 8: Alignment of incentives
Alignment of incentives Our top priority is to create value for our shareholders. Our control group has the largest ownership stake in the Fibra´s market. We have the simplest and among the lowest fee structure. We have delivered on our commitment of transparency with the market. Our reports are ali
Slide 9: 1Q15 at a glance
1Q15 at a glance 9
Slide 10: 1Q15 at a glance
1Q15 at a glance Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos 75% of Initial 25% was The incorporation Initial Portfolio: 11 properties Portfolio was stabilized under development of the retail component of 450 49.5% of Initial 50.5% was under 51.3% GLA Toreo and Torre 400 Portfoli
Slide 11: Update on Developments – Toreo´s Retail Component
Update on Developments – Toreo´s Retail Component Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos Toreo´s Retail component: showing promising trends of stability • The retail component of Toreo started operations on November 13th, 2014 • We have delivered 179 door (of a total of 200)
Slide 12: Update on Developments – Torre Virreyes
Update on Developments – Torre Virreyes Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos • Initiated operations during the first quarter of 2015, and our first tenants are already installed and operating normally. • The external areas are functioning as planned and they are integrated
Slide 13: Update on Developments – Toreo´s Office Component (B&C)
Update on Developments – Toreo´s Office Component (B&C) Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos We are confident on the leasing process As of March 31th, 2015 As of December 31st, 2014 • The office component in Toreo offers an Toreo Office Component (Towers B&C) unparalleled
Slide 14: Update on Developments – Toreo´s Office Component A and Hotel
Update on Developments – Toreo´s Office Component A and Hotel Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos Expected date of development completion: 1Q16 (hotel), second half 2016 (office tower A) Toreo´s Office Component Tower A Percentage of As of March As of December contributio
Slide 15: Update on Developments – Expansions in our Initial Operating Portfolio
Update on Developments – Expansions in our Initial Operating Portfolio Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos During 1Q15, we received Tenant Admission Payments for Ps. $108.7 million primarily derived from the expansions in Parque Delta and Parque Tezontle. Expansions in ou
Slide 16: Update on Developments – Vía Vallejo (Phase I)
Update on Developments – Vía Vallejo (Phase I) Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos Percentage of As of March As of December • On November 7 2014, we formalized in public deed the t, contribution to the 31th, 2015 31st, 2014 acquisition in exchange for CBFIs. We have deliv
Slide 17: Update on Developments – Las Antenas (Phase I)
Update on Developments – Las Antenas (Phase I) Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos • We have taken possession of the land and our architectural committee has approved the architectonic project. • We are in the process of obtaining the necessary permits and licenses and we
Slide 18: Update on Developments – Puebla (Phase I)
Update on Developments – Puebla (Phase I) Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos • We are working on the merger of the land plots, and once this happens, they will be contributed by a non- related third party. • 16,291,667 CBFIs were issued as payment and we believe that the
Slide 19: 5-year growth plan
5-year growth plan Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos • Since our IPO, we ´ve added projects to the pipeline that will add 259 thousand sqm in the next three years • After growing 51.3% in 2014, we expected our GLA to grow at a rate of approximately 27% each year for the
Slide 20: 1Q15 - Key Financial Indicators
1Q15 - Key Financial Indicators Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos Pesos 1T15 1T14 Chg. %/pb Ingresos Totales $ 476,877,385 $ 387,813,953 23.0% Ingreso Neto Operativo (inc. CU) $ 361,104,960 $ 287,120,134 25.8% Ingreso Neto Operativo (exc. CU) $ 355,527,257 $ 286,173,994
Slide 21: Net Operating Income /AFFO
Net Operating Income /AFFO Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos Fibra Danhos Fibra Danhos Mexican Pesos 1Q15 1Q14 Chg. %/pb Pesos 1T15 1Q14 Base rent $ 307,720,260 $ 242,591,502 26.8% Net Income $ 498,974,917 $ 459,196,079 Overage $ 22,049,891 $ 20,319,334 8.5% Adjustments
Slide 22: 1Q15 - Operating Indicators
1Q15 - Operating Indicators Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos Top 10 Tenants Tenant Type Occupied GLA Percentage of Total Monthly Base Rent Percentage of Total (sqm) Occupied GLA Monthly Base Rent Specialty retail, financial services and 34,057 9.2% $ 9,133,288 6.8% com
Slide 23: 1Q15 at a glance
1Q15 at a glance Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos As a result of our performance, our CBFI posted the highest growth in the LTM. 23
Slide 24: Financing Sources
Financing Sources Fibra Danhos´ DNA 2014 at a glance What´s next for Fibra Danhos How will we finance our growth for the current How will we finance additional projects that could be Development Portfolio? added to the Development Portfolio We will finance our growth prudently by focusing on two mai
Slide 25: Appendix
Appendix 25
Slide 26: Payment of Our Advisor’s Fees
Payment of Our Advisor’s Fees Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos • Fibra Danhos held a Holders’ Meeting on March 11, 2015. Point IV in the Order of the Day, which was approved with 99.29% of the votes, was the approval of the modification of the Advisory Contract subscri
Slide 27: Payment of Our Advisor’s Fees
Payment of Our Advisor’s Fees Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos • In accordance with the Advisory Contract, the unit value for the payment of the Advisory’s fees for 4Q13 (82 days in operation) and 1Q14, was determined as the volume weighted average price resulting from
Slide 28: Fibra Danhos CBFIs conciliation
Fibra Danhos CBFIs conciliation Fibra Danhos´ DNA 1Q15 at a glance What´s next for Fibra Danhos Fibra Danhos CBFIs Conciliation As of March 31st, 2015 Fibra Danhos CBFIs as of March 31st, 2015 1,541,245,024 A+B CBFIs with economic rights 913,831,437 A = C + D + E + F + G Initial Operating Portfolio
Fibra Danhos — Credit Suisse Mexico Investment Ideas Conference 2015 on 6ix