Fibra Shop Portafolios Inmobiliarios S.a.p.i. De C.v. · BIVA:FSHOP/13
Fibra Shop Portafolios Inmobiliarios S.a.p.i. De C.v — FibraShop — Investor Presentation (February 2024)
23 slides from Fibra Shop Portafolios Inmobiliarios S.a.p.i. De C.v's investor presentation, February 2024
Slide 1: Investors Presentation
1 Investors Presentation LIFE CENTERS (CENTROS DE VIDA)
Slide 2: Disclaimer
2 Disclaimer The following materials contain certain general information about CIBanco, S.A., Institución de Banca Múltiple acting as trustee of the irrevocable trust identified with number F/00854, as amended from time to time (“Fibra Shop”), as of the date of this presentation. This presentation m
Slide 3: Terms and conditions of the subscription
3 Terms and conditions of the subscription CIBanco S.A. Institución de Banca Múltiple, acting as trustee of the Irrevocable Trust identified with number Issuer F/00854 (“FIBRA SHOP”). Ticker Symbol: FSHOP 13 Subscription and payment of CBFIs to be exercised exclusively by current holders (securities
Slide 4: A history of steady and profitable growth
4 A history of steady and profitable growth Portfolio at IPO * Portfolio 2019 FY ** Portfolio 2023 FY 17 shopping centers y 1 co- Number of assets 8 properties 18 properties *** investment. Total ABR managed(m2) 140,500 654,430 776,551 *** Occupancy (%) 96% 96% 94% *** Income (Mn MXN) 184 1,524 1,87
Slide 5: New business model
5 New business model Life Centers (Centros de Vida) Distribution of Life Centers (Centros de Vida) • As of 2022, FibraShop has decided to innovate by implementing a new Life Centers comprehensive and transversal business model. • La Perla, Zapopan, Jalisco Climate change Colaborators • Beyond the pr
Slide 6: FibraShop – The real estate investment trust (Fibra) in Mexico specialized in commercial real estate
6 FibraShop – The real estate investment trust (Fibra) in Mexico specialized in commercial real estate Relevant Metrics Investment opportunity 18 776,55 2,260 The only multiformat FIBRA solely focused on the commercial segment • High specialization in the commercial sector, solid operational and cor
Slide 7: Strong results that have already widely exceeded the impact of COVID
7 Strong results that have already widely exceeded the impact of COVID Total ABR managed *** (m2) Income* (Mn MXN) NOI* (Mn MXN) y NOI margin (%) 75.7% 75.7% 76.3% 77.7% 78.9% TACC:+4.4% 767,554 783,565 776,551 654,430 651,437 TACC: +10.4% 2,260 TACC:+11.5% 1,783 1,524 1,663 1,373 1,426 1,292 1,154
Slide 8: Portfolio evolution
8 Portfolio evolution 18 real estate properties FibraShop was incorporated on June 2013 with an initial portfolio of 8 properties. The founding partners of the project were Grupo Cayón, Grupo Frel and Central de Arquitectura (Controlling Group). IPO Jul 13 February, 14 June, 14 August, 14 October 14
Slide 9: Unique opportunity to consolidate growth (I/III)
9 Unique opportunity to consolidate growth(I/III) Assets to be acquired • Operations aimed at growing the company and strengthening the balance sheet approved at the Technical Committee meeting held on January 26, 2024: • Acquisition of three shopping centers and the joint venture in other property
Slide 10: Unique opportunity to consolidate growth (II/III)
10 Unique opportunity to consolidate growth (II/III) ABR (m2) NOI (Mn MXN) +2.1% +1.8% 825,880 1,883 776,551 28,519 1,783 55 45 20,810 ABR NOI 2023 Current Portfolio* Galerías S. J. del Río Sentura Zamora New Portfolio Current Portfolio * Galerías S. J. del Río Sentura Zamora New Portfolio Distribut
Slide 11: Unique opportunity to consolidate growth (III/III)
11 Unique opportunity to consolidate growth (III/III) Vía Paraíso and Puerto Paraíso Association FibraShop currently owns 100% of Puerto Paraíso, located in Los Cabos, Baja California Sur; Vía Paraíso (owned by Grupo Frel, a related party of FibraShop) is a property located in the same site and both
Slide 12: A favorable environment for FibraShop
12 A favorable environment for FibraShop Mexico is key to nearshoring trends in North America, which makes it an attractive investment destination, with an impact on the industrial and consumer sectors. Rising interest rates have pressured the Cap Rate And the performance of the CBFIs MBONO CAP Rate
Slide 13: Exhibit
13 Exhibit
Slide 14: Indicative Schedule
14 Indicative Schedule February 2024 Deadline for Last day on which CBFIs with transactions in subscription rights may be Monday Tuesday Wednesday Thursday Friday the stock purchased in the stock 5 6 7 8 9 market: market. 12 13 14 15 16 CBFIs acquired in the stock Ex-Date: market as of this date wil
Slide 15: FibraShop – The Fibra in Mexico specialized in commercial real estate
15 FibraShop – The Fibra in Mexico specialized in commercial real estate Description Portfolio – Total value of real estate properties 24,533 Mn MXN* UC Jurica | Santiago de Querétaro, Qro. • Created primarily to acquire, own, construct, lease and operate a broad range of ABR: 14,417 m2 Property val
Slide 16: Lease Agreements
16 Lease Agreements Main tenants as of 4Q23 By Rentable Area By Total Revenues Termination Profile – Total agreements: 1,851* • In any year there are agreements expiring for a proportion greater than 20% of Grupo Liverpool 9.6% 4.4% the rentable area of the shopping center portfolio. The average rem
Slide 17: Consumption has remained as one of the engines of growth
17 Consumption has remained as one of the engines of growth Consumption and consumer confidence has reached pre-pandemic levels. Private consumption has recovered pre- Consumer confidence boosted by employee Spending on food remains the most pandemic levels stability and wage increase relevant withi
Slide 18: Encouraged by solid fundamentals
18 Encouraged by solid fundamentals Remittances continue to reach new highs While the labor market has remained very strong (Mn USD) 6.0% Unemployment rate Remittances 6,000 5.5% 5,000 5.0% 4,000 4.5% 3,000 4.0% 2,000 3.5% 1,000 3.0% 0 2.5% jan-08 jan-10 jan-12 jan-14 jan-16 jan-18 jan-20 jan-22 jan
Slide 19: Overview of shopping centers in Mexico (I/II)
19 Overview of shopping centers in Mexico (I/II) As of 3Q 2023, average new shopping centers were 45.000 m2 vs 31.000 m2 of ABR in 2019 Inventory of shopping centers in Mexico and Top New Openings, 22 Cities with the largest inventory Inventory (Mn m2) $ m2 Surfaces (Mn m2) 26.0 650 25.5 Mexico City
Slide 20: Overview of shopping centers in Mexico (II/II)
20 Overview of shopping centers in Mexico (II/II) Shopping mall attendance during the last months of 2022 showed an increase of 10% a/a. Rents by type of shopping center Rental price and inventory by city MXN/m2/month MXN/m2/month 800 1,200 1,200 1,200 750 700 1,100 650 1,000 600 900 550 500 800 450
Slide 21: FibraShop – Operating portfolio as of 4Q2023
21 FibraShop – Operating portfolio as of 4Q2023 ABR Co- ABR total Real DATE OF ABR SHOP ABR Tenants Acquisition value PROPERTIES Investment Admón. estate Location ACQ. (m2) (m2) (mdp) (m2) (m2) value Plaza Cibeles jul-13 79,857 79,857 1,291 2,660 Irapuato, Gto. La Luciérnaga jul-13 20,069 9,000 29,0
Slide 22: Financial Results 4Q 2023
22 Financial Results 4Q 2023 %Δ 4Q2023 vs %Δ 4Q2023 vs Mn MXN 4Q 2023 3Q 2023 2Q2023 1Q2023 4Q2022 3Q2023 4Q2022 Total income (including La Perla) 571.6 620.6 544.3 523.3 512.8 -7.9% 11.5% Stabilized portfolio income 467.1 522.1 450.0 433.6 422.0 -10.5% 10.7% Total expenses 150.5 137.3 140.1 130.3 1
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