Playa Hotels & Resorts BV — Investor Presentation (May 2017)
76 slides from Playa Hotels & Resorts BV's investor presentation, May 23, 2017
Slide 1: 2017 Investor Presentation
2017 Investor Presentation May 24, 2017 Exhibit 99.1
Slide 2: Confidentiality notice
This document contains information confidential and proprietary to Playa Hotels & Resorts N.V. (“Playa”) and its affiliates. The information may not be used, disclosed or reproduced without the prior written authorization of Playa, and those so authorized may only use the information for the purpose
Slide 3: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to expectations, beliefs, projections, future plans and strate
Slide 4: Introduction and Highlights
2017 INVESTOR PRESENTATION Introduction and Highlights 1 Strong First Quarter Results Despite Shift in Easter Holiday 2 RevPAR Growth of 8.4% and EBITDA Growth of 11.4% 3 Recently Redeveloped Assets Continue to Outperform 4 Successful Refinancing of Term Loan 5 Finalized 2017 Capex Plans for Existin
Slide 5: Growth Prospects
Growth Prospects
Slide 6: Upcoming Projects and Initiatives
GROWTH PROSPECTS Upcoming Projects and Initiatives 1 Increase Direct-to-Consumer Business 2 Development of Cap Cana Land Site 3 Partnership with Panama Jack & Conversion Projects 4 Ramping Properties Still Show Room for Improvement 5 Internalizing Management of Externally-Managed Assets 6 Other M&A
Slide 7: Increase Direct-to-Consumer Business
Increase Direct-to-Consumer Business Growth Prospects Direct Distribution Key Initiatives Improve Website Continue to Focus on Higher Value, Lower Cost Third Party Channels Other Direct Initiatives Additional Hyatt Mix Repeat/Loyalty/Club Initiatives Better Conversion Higher Traffic Other Channel Di
Slide 8: Cap Cana Development
Cap Cana Development Growth Prospects In April 2016, Playa executed an MOU for the acquisition of a 40-acre parcel of land with 1,300 feet of beachfront located in Cap Cana, Punta Cana The proposed project involves the development of a 750-room Hyatt Ziva and Zilara resort $5.6mm deposit currently h
Slide 9: Cap Cana Development
Cap Cana Development Growth Prospects
Slide 10: Cap Cana Development
Cap Cana Development GROWTH PROSPECTS
Slide 11: Cap Cana Development
Cap Cana Development Growth Prospects
Slide 12: Panama Jack Partnership Will Improve ADR & Reduce Distribution Costs
Panama Jack Partnership Will Improve ADR & Reduce Distribution Costs Growth Prospects Partnership with Panama Jack with an exclusive licensing agreement, pairing Playa with a well-known, respected global consumer brand that is well positioned to accelerate demand in consumer markets Exclusive to Pla
Slide 13: Opportunity to grow asset light by adding resorts under management
Substantial opportunity to grow asset light by adding resorts under management Opportunity to internalize management of 5 Playa resorts currently managed by AMResorts Playa plans to leverage its management platform to add a capital-light growth component to its business model Combines the benefit of
Slide 14: Other M&A Opportunities
Other M&A Opportunities Growth Prospects Source: TripAdvisor Internationally Branded Unbranded Total Hotels Overview Industry Fragmentation High degree of fragmentation in Playa’s markets with only 19% of hotels under internationally recognized brands Playa intends to acquire resorts that are underm
Slide 15: Current Projects
Current Projects
Slide 16: Hyatt Zilara Cancún Project Scope
HYATT ZILARA CANCÚN Project Scope 1 Renovation of Coffee House 2 Relocation and Renovation of Spa 3 Replacement of Lobby FF&E 4 Renovation of Presidential Suite
Slide 17: Zilara Cancun Renovation of Coffee House
Hyatt Zilara Cancun Renovation of Coffee House BEFORE AFTER
Slide 18: Zilara Cancun Renovation of Coffee House
Hyatt Zilara Cancun Renovation of Coffee House ESTIMATED DATE OF COMPLETION Q3 2017
Slide 19: Zilara Cancun Relocation and Renovation of Spa
Hyatt Zilara Cancun Relocation and Renovation of Spa BEFORE AFTER
Slide 20: Zilara Cancun Relocation and Renovation of Spa
Hyatt Zilara Cancun Relocation and Renovation of Spa ESTIMATED DATE OF COMPLETION Q4 2017
Slide 21: Zilara Cancun Replacement of Lobby Furniture and Fixtures
Hyatt Zilara Cancun Replacement of Lobby Furniture and Fixtures BEFORE AFTER
Slide 22: Zilara Cancun Replacement of Lobby Furniture and Fixtures
Hyatt Zilara Cancun Replacement of Lobby Furniture and Fixtures ESTIMATED DATE OF COMPLETION Q4 2017
Slide 23: Zilara Cancun Renovation of Presidential Suite
Hyatt Zilara Cancun Renovation of Presidential Suite BEFORE
Slide 24: Zilara Cancun Renovation of Presidential Suite
Hyatt Zilara Cancun Renovation of Presidential Suite ESTIMATED DATE OF COMPLETION Q4 2017 AFTER
Slide 25: Gran Caribe Resort Project Scope – Conversion to Panama Jack
GRAN CARIBE RESORT Project Scope – Conversion to Panama Jack 1 Renovation of Porte-Cochère, Lobby, and Lobby Bar 2 Renovation of Presidential Suite 3 Refurbishment of Rooms 4 Update F&B Outlets 5 Update Public Areas (Spa, Salon, Gym, Corridors, and Kid’s Club) 6 New Pool Bar and Jacuzzi Deck with Ne
Slide 26: Gran Caribe Resort Rebranding to Panama Jack
Gran Caribe Resort Rebranding to Panama Jack (Porte-Cochère) BEFORE AFTER ESTIMATED DATE OF COMPLETION Q4 2017
Slide 27: Gran Caribe Resort Lobby & Front Desk
Gran Caribe Resort Lobby & Front Desk CURRENT PROPOSED RENDER ESTIMATED DATE OF COMPLETION Q4 2017 Replace floor tile New wall paint New furniture New column and ceiling treatment Addition of new coffee shop DETAILS
Slide 28: Gran Caribe Resort Renovation of Presidential Suite
Gran Caribe Resort Renovation of Presidential Suite BEFORE
Slide 29: Gran Caribe Resort Renovation of Presidential Suite
Gran Caribe Resort Renovation of Presidential Suite AFTER AFTER ESTIMATED DATE OF COMPLETION Q4 2017 New paint and finishes Refurbished and new furniture New soft goods New bathroom fixtures Refinished doors and carpentry DETAILS
Slide 30: Gran Caribe Resort Refurbishment of Standard Junior Suite
Gran Caribe Resort Refurbishment of Standard Junior Suite BEFORE
Slide 31: Gran Caribe Resort Refurbishment of Standard Junior Suite
Gran Caribe Resort Refurbishment of Standard Junior Suite AFTER ESTIMATED DATE OF COMPLETION Q4 2017 New paint and finishes Refurbished and new furniture New bed base and headboards New soft goods New bathroom fixtures Refinished doors and carpentry DETAILS
Slide 32: Gran Caribe Resort Airstream Concept
Gran Caribe Resort Airstream Concept ESTIMATED DATE OF COMPLETION Q4 2017
Slide 33: Gran Porto Resort Project Scope – Conversion to Panama Jack
GRAN PORTO RESORT Project Scope – Conversion to Panama Jack 1 Renovation of Porte-Cochère, Lobby, and Lobby Bar 2 Refurbishment and Renovation of Rooms 3 Update F&B Outlets 4 Update Public Areas (Spa, Salon, Gym, Corridors, and ) 5 New Roof Terrace and Jacuzzi Deck with New Pool Furniture 6 Addition
Slide 34: Gran Porto Resort Rebranding to Panama Jack
Gran Porto Resort Rebranding to Panama Jack (Porte-Cochère) BEFORE AFTER ESTIMATED DATE OF COMPLETION Q4 2017
Slide 35: Gran Porto Resort Lobby & Front Desk
Gran Porto Resort Lobby & Front Desk CURRENT PROPOSED RENDER ESTIMATED DATE OF COMPLETION Q4 2017 Replace floor tile New wall paint New furniture New fans and lighting New distribution of front desk and bellstand DETAILS
Slide 36: Gran Porto Resort Lobby Bar
Gran Porto Resort Lobby Bar CURRENT PROPOSED RENDER ESTIMATED DATE OF COMPLETION Q4 2017 Remove and replace existing bar New wall finish New lighting New furniture Replace flooring New bar equipment DETAILS
Slide 37: Gran Porto Resort Renovation of Standard Suite
Gran Porto Resort Renovation of Standard Suite BEFORE AFTER ESTIMATED DATE OF COMPLETION Q4 2017 Remove and replace existing bar New wall finish New lighting New furniture Replace flooring New bar equipment DETAILS
Slide 38: Gran Porto Resort Airstream Concept
Gran Porto Resort Airstream Concept ESTIMATED DATE OF COMPLETION Q4 2017
Slide 39: Hyatt Ziva Puerto Vallarta Project Scope
HYATT ZIVA PUERTO VALLARTA Project Scope 1 Blaze Restaurant 2 VIP Club Tower 3 Club Ocean View King 4 Club Ocean View Double 5 Club Ocean Front King 6 Club Ocean Front Double 7 One Bedroom Plunge Pool 8 Presidential Suite 9 Current Projects in Process: Tequila Sports Bar, MelanZane Restaurant, Conve
Slide 40: Puerto Vallarta Blaze Restaurant
Hyatt Ziva Puerto Vallarta Blaze Restaurant BEFORE AFTER ESTIMATED DATE OF COMPLETION Q4 2017
Slide 41: Puerto Vallarta VIP Club Tower
Hyatt Ziva Puerto Vallarta VIP Club Tower BEFORE AFTER ESTIMATED DATE OF COMPLETION Q4 2017
Slide 42: Puerto Vallarta VIP Club Tower
Hyatt Ziva Puerto Vallarta VIP Club Tower
Slide 43: Puerto Vallarta Club Ocean View King Room
Hyatt Ziva Puerto Vallarta Club Ocean View King Room BEFORE AFTER ESTIMATED DATE OF COMPLETION Q4 2017
Slide 44: Puerto Vallarta Club Ocean View King Room
Hyatt Ziva Puerto Vallarta Club Ocean View King Room
Slide 45: Puerto Vallarta Club Ocean View Double Room
Hyatt Ziva Puerto Vallarta Club Ocean View Double Room BEFORE AFTER ESTIMATED DATE OF COMPLETION Q4 2017
Slide 46: Puerto Vallarta One-Bedroom Plunge Pool Room
Hyatt Ziva Puerto Vallarta One-Bedroom Plunge Pool Room BEFORE AFTER ESTIMATED DATE OF COMPLETION Q4 2017
Slide 47: Puerto Vallarta Presidential Suite
Hyatt Ziva Puerto Vallarta Presidential Suite BEFORE
Slide 48: Puerto Vallarta Presidential Suite
Hyatt Ziva Puerto Vallarta Presidential Suite AFTER
Slide 49: Puerto Vallarta Presidential Suite
Hyatt Ziva Puerto Vallarta Presidential Suite ESTIMATED DATE OF COMPLETION Q4 2017
Slide 50: Hyatt Ziva & Zilara Rose Hall Project Scope
HYATT ZIVA & ZILARA ROSE HALL Project Scope 1 Zilara Beach Spa 2 Ziva & Zilara Rooms Renovation 3 Ziva Warehouse 4 Ziva Presidential Suite 5 Ziva & Zilara Airport Lounge 6 Ziva & Zilara Fitness Center 7 Ziva Meeting Breakout Rooms
Slide 51: Zilara Rose Hall Zilara Beach Spa
Hyatt Ziva & Zilara Rose Hall Zilara Beach Spa BEFORE
Slide 52: Zilara Rose Hall Zilara Beach Spa
Hyatt Ziva & Zilara Rose Hall Zilara Beach Spa AFTER
Slide 53: Zilara Rose Hall Zilara Beach Spa
Hyatt Ziva & Zilara Rose Hall Zilara Beach Spa ESTIMATED DATE OF COMPLETION Q4 2017
Slide 54: Zilara Rose Hall Ocean Front Suite
Hyatt Ziva & Zilara Rose Hall Zilara Ocean Front Suite BEFORE
Slide 55: Zilara Rose Hall Ocean Front Suite
Hyatt Ziva & Zilara Rose Hall Zilara Ocean Front Suite ESTIMATED DATE OF COMPLETION Q4 2017
Slide 56: Zilara Rose Hall Ocean Front Suite
Hyatt Ziva & Zilara Rose Hall Zilara Ocean Front Suite ESTIMATED DATE OF COMPLETION Q4 2017
Slide 57: Zilara Rose Hall Ocean Front Suite
Hyatt Ziva & Zilara Rose Hall Zilara Ocean Front Suite ESTIMATED DATE OF COMPLETION Q4 2017
Slide 58: Ziva & Zilara King Room
Hyatt Ziva & Zilara Rose Hall Ziva & Zilara King Room BEFORE
Slide 59: Ziva & Zilara King Room
Hyatt Ziva & Zilara Rose Hall Ziva & Zilara King Room ESTIMATED DATE OF COMPLETION Q4 2017
Slide 60: Ziva & Zilara Double Room
Hyatt Ziva & Zilara Rose Hall Ziva & Zilara Double Room BEFORE
Slide 61: Ziva & Zilara Double Room
Hyatt Ziva & Zilara Rose Hall Ziva & Zilara Double Room ESTIMATED DATE OF COMPLETION Q4 2017
Slide 62: Ziva Ocean View Suite
Hyatt Ziva & Zilara Rose Hall Ziva Ocean View Suite BEFORE
Slide 63: Ziva Ocean View Suite
Hyatt Ziva & Zilara Rose Hall Ziva Ocean View Suite AFTER
Slide 64: Ziva Presidential Suite
Hyatt Ziva & Zilara Rose Hall Ziva Presidential Suite ESTIMATED DATE OF COMPLETION Q4 2017
Slide 65: Ziva & Zilara Fitness Center
Hyatt Ziva & Zilara Rose Hall Ziva & Zilara Fitness Center BEFORE AFTER ESTIMATED DATE OF COMPLETION Q4 2017
Slide 66: Ziva & Zilara Fitness Center
Hyatt Ziva & Zilara Rose Hall Ziva & Zilara Fitness Center
Slide 67: Ziva & Zilara Airport Lounge
Hyatt Ziva & Zilara Rose Hall Ziva & Zilara Airport Lounge BEFORE
Slide 68: Ziva & Zilara Airport Lounge
Hyatt Ziva & Zilara Rose Hall Ziva & Zilara Airport Lounge AFTER ESTIMATED DATE OF COMPLETION Q4 2017
Slide 69: Ziva Meeting Breakout Rooms
Hyatt Ziva & Zilara Rose Hall Ziva Meeting Breakout Rooms BEFORE ESTIMATED DATE OF COMPLETION Q3 2017 AFTER
Slide 70: Q1 Financial Update
Q1 Financial Update
Slide 71: Consolidated Statistics – Three Months Ended March 31, 2017
Consolidated Statistics – Three Months Ended March 31, 2017 Q1 2017 - Total Portfolio 8.4% 2.0% 5.1 pts (1) Represents revenue from the sale of all-inclusive packages, which include room accommodations, food and beverage services and entertainment activities, net of compulsory tips paid to employees
Slide 72: Refinancing of Term Loan and Partial Redemption of Senior Notes
Refinancing of Term Loan and Partial Redemption of Senior Notes Q1 Financial Update We were successfully able to execute a refinancing of our Term Loan and a subsequent partial redemption of our Senior Notes: Refinancing of our Term Loan with an incremental increase to its current size for a new bal
Slide 73: Oracle System Status
Oracle System Status Q1 Financial Update Timeline MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR Go-Live at Puerto Vallarta and Corporate Transition to Using Oracle for Consolidations Go-Live at all other locations on November 1st No ERP system in place previously The Oracle system implementati
Slide 74: Warrant Exchange Offer & Consent Solicitation
Warrant Exchange Ratio of 10 to 1, warrants outstanding for one common share Offer open 20 days, expiring on June 19th at 11:59 pm Offer made to Public & Private Warrant Holders Private holder’s warrant value is higher since there is no forced redemption at $18 like the public warrants Holders of 96
Slide 75: Investor Outreach
Investor Outreach Nomura Equity Conference May 16th, 2017 Investor Meeting May 23rd – 24th, 2017 Goldman Sachs Lodging Gaming Restaurant And Leisure Conference June 5th, 2017 Citi's Small & Mid Cap Conference June 8th – 9th, 2017 Recent & Upcoming Equity Events
Slide 76: Playa Hotels & Resorts
—— PLAYA HOTELS&RESORTS
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