Fibra Inn · BIVA:FINN/13
Fibra Inn — Q3 2016 Earnings Presentation
17 slides from Fibra Inn's earnings presentation, Oct 28, 2016
Slide 1: Third Quarter 2016 Results Conference Call
p Third Quarter 2016 Results Conference Call October 28, 2016
Slide 2: Agenda
Agenda Third Quarter 2016 Results I. Highlights of the Quarter II. Quarterly Distribution and Dividend Yield III. Acquisition and Development of Properties IV. Operational and Financial Highlights V. Closing Remarks VI. Q&A Session 2
Slide 3: I. Highlights of the Quarter
Conference Call Third Quarter 2016 Results I. Highlights of the Quarter 3
Slide 4: Highlights of the Quarter
Highlights of the Quarter 1. Record Dividend Yield of 8.4% 2. Record Operational Indicators QUARTERLY SAME-STORE SALES 39 hotels 3Q16 3Q15 Change % Room Revenue (Ps. millions) 421.6 354.6 18.9% Occupancy exc. addition of rooms 64.9% 58.0% 7 pp Occupancy 64.6% 58.0% 6.6 pp ADR (Ps.) 1,129.3 1,064.1 6
Slide 5: II. Quarterly Distribution and Dividend Yield
Conference Call Third Quarter 2016 Results II. Quarterly Distribution and Dividend Yield 5
Slide 6: Distributions and Dividend Yield
Distributions and Dividend Yield Total Distribution (millions) Quarterly Dividend Yield % 3Q16 3Q15 Var Period 2014 2015 2016 110.5 78.8 40.2% 1Q 5.6% 4.6% 6.6% 2Q 3.7% 5.4% 6.7% 3Q 5.3% 4.8% 8.4% 4Q 4.2% 6.0% Year 4.9% 5.6% Distribution Ps. per CBFI Period 2014 2015 2016 1Q 0.2283 0.1797 0.2211 2Q
Slide 7: III. Acquisition and Development of Properties
Conference Call Third Quarter 2016 Results III. Acquisition and Development of Properties 7
Slide 8: Best Western Valle Real
Best Western Valle Real August 4, 2016 – Binding Agreement* Key Facts Investment* Ps. 67.0 million Number of Rooms 85 Segment Limited Service Strategy 14th global brand in our portfolio operating in the industrial northern city of Monterrey *Excluding acquisition-related expenses 8 * October 17, 201
Slide 9: Courtyard by Marriott Chihuahua
Courtyard by Marriott Chihuahua August 15, 2016 – Acquisition and Payment Key Facts Investment* Ps. 234.4 million Number of Rooms 152 Segment Select Service Strategy Brand leader - the first and only Marriott in a booming industrial city *Excluding acquisition-related expenses 9
Slide 10: Current Standing
Current Standing Variation 3Q16 3Q15 3Q16 vs 3Q15 Hotels(1) 43 37 6 Rooms(1) 7,112 6,238 874 Developments 0 2 -2 Land banks 1 1 - Segments 4 3 +1 States 15 15 - Global Brands 14 12 +1 Local Brands 5 2 +3 Hotel Factory 1 - +1 (1) Includes operating properties, hotels under development and under agree
Slide 11: IV. Operational and Financial Review
Conference Call Third Quarter 2016 Results IV. Operational and Financial Review 11
Slide 12: Fibra Revenue
Fibra Revenue Financial Indicators 3Q16 % 3Q15 % Var % (Ps. millions) Room Revenue 448.5 95.2 315.7 93.6 42.1 Rental Revenue 22.7 4.8 21.6 6.4 4.9 Total Revenue for Fibra 471.2 100.0 337.3 100.0 39.7 2.9% 13.9% Total Revenue by Segment 14.8% 41.3% Limited 36.3% Select 44.9% Full Extended Stay 46.1%
Slide 13: Quarterly Income Statement
Quarterly Income Statement Income Statement 3Q16 % 3Q15 % Var. Ps. Var. % (Ps. millions) Total Fibra Revenue 471.2 100.0% 337.3 100.0% 133.9 39.7 Operating Expenses 299.5 63.5 219.7 65.1 79.7 36.3 NOI 171.8 36.5 117.6 34.9 54.2 46.1 Acquisition Expenses 9.7 2.1 2.0 0.6 7.7 387.7 EBITDA 138.0 29.3 93
Slide 14: Balance Sheet
Balance Sheet Balance Sheet Sep 30, 2016 % Dec 31, 2015 % (Ps. millions) Cash & equivalents 333.5 3.6 796.8 8.7 Total Assets 9,244.1 100.0 9,188.3 100.0 Bank Debt Liability 10.5 0.4 8.7 0.4 Total Short Term Liabilities 152.1 6.5 225.4 10.5 Bank loans 325.6 14.0 69.4 3.2 Total Long Term Debt 2,179.0
Slide 15: V. Closing Remarks
V. Closing Remarks Extraordinary Shareholders’ Meeting November 11, 2016 at 11.00 am Paseo de la Reforma, #342, 28th Floor, Colonia Juárez, C.P. 06600, Mexico City Common Representative: CIBanco, S.A., Institución de Banca Múltiple Mónica Jimenez-Labora Sarabia mjimenezlabora@cibanco.com Information
Slide 16: VI. Question and Answer Session
Conference Call Third Quarter 2016 Results VI. Question and Answer Session
Slide 17: Note on forward-looking statements
Note on forward-looking statements This document may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, Company performance and financial re