Acrophyte Hospitality Trust · SGX:XZL
Acrophyte Hospitality Trust — H1 2025 Earnings Presentation
20 slides from Acrophyte Hospitality Trust's earnings presentation, Aug 6, 2025
Slide 1: Acrophyte Hospitality Trust 1H 2025 Financial Results
Acrophyte Hospitality Trust 1H 2025 FINANCIAL RESULTS 6 August 2025
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 Acrophyte Hospitality Trust in Singapore under the Securities and Futures Act, Chapter 289 of S
Slide 3: U.S. Market Update
U.S. MARKET UPDATE
Slide 4: U.S. Economy Maintains Moderate Momentum in 1H 2025
U.S. ECONOMY MAINTAINS MODERATE MOMENTUM IN 1H 2025 Growth stabilizes but headwinds from tariffs, labor constraints, and policy create uncertainty U.S. Real GDP % Change U.S. Unemployment Rate (Seasonally Adjusted) 4.9% 4.5 3.4% 3.0% 3.1% 3.0% 4 4.1% 2.2% 2.4% 2.1% 1.6% 3.5 -0.5% 1Q 2Q 3Q 4Q 1Q 2Q 3
Slide 5: U.S. Lodging Market Outlook
U.S. LODGING MARKET OUTLOOK Moderate RevPAR growth forecast for 2025-2026 2019 2020 2021 2022 2023 2024 2025F 2026F 2Q24 2Q25 Occupancy 65.9% 44.0% 57.6% 62.7% 63.0% 63.0% 63.1% 63.1% 66.8% 65.3% ADR $131 $103 $125 $149 $155 $158 $160 $162 $160 $163 ADR Y-o-Y Change -21% +21% +19% +4% +2% +1% +1% +2
Slide 6: U.S. Hotel Transaction Volume
U.S. HOTEL TRANSACTION VOLUME Transaction volume inversely correlated to interest rates FY21 Transaction Volume (US$ b) US$54b Federal Funds Rate (%) FY22 US$49b FY23 US$24b FY24 FY20 US$21b US$18b 1H25 US$5.9b • Hotel transaction volumes remained muted in 1H 2025, reflecting ongoing capital market
Slide 7: Historical Hotel Transactions of Acrophyte Hospitality Trust
HISTORICAL HOTEL TRANSACTIONS OF ACROPHYTE HOSPITALITY TRUST Divested Hotels # Hotel Name Divestment Date Sale Price (US$m) Price per Room (US$) 1 Hyatt Place Chicago Itasca Jul-22 7.8 61,905 2 Hyatt Place Pittsburgh Cranberry Sep-22 7.8 61,417 3 Hyatt Place Cleveland Independence Sep-22 7.6 59,843
Slide 8: Portfolio Performance
PORTFOLIO PERFORMANCE Hyatt Place Tampa Busch Gardens
Slide 9: 1H 2025 Key Performance Indicators
1H 2025 KEY PERFORMANCE INDICATORS Disposition of 2 hotels clouds Y-O-Y comparisons 33 5.7% Gross Revenue Gross Operating Profit Net Property Income US$18.0 mil y-o-y Hotels US$78.1 mil US$26.7 mil 68.0% 0.7pp Occupancy y-o-y $83.9 $78.1 $29.6 US$138 0.3% $26.7 ADR y-o-y $21.0 $18.0 US$94 0.7% RevPA
Slide 10: 1H 2025 Key Performance Indicators (Adjusted – Same Store Basis)
1H 2025 KEY PERFORMANCE INDICATORS (ADJUSTED – SAME STORE BASIS) Softening pricing and rising operational costs impacted performance in 1H 2025 68.0% 0.4pp Gross Revenue Gross Operating Profit Net Property Income Occupancy y-o-y US$78.1 mil US$26.7 mil US$18.0 mil US$138 0.7% $78.9 $78.1 ADR y-o-y $
Slide 11: 2Q 2025 Key Performance Indicators
2Q 2025 KEY PERFORMANCE INDICATORS Disposition of 2 hotels clouds Y-O-Y comparisons 33 5.7% Gross Revenue Gross Operating Profit Net Property Income US$12.7 mil y-o-y Hotels US$44.7 mil US$17.4 mil 74.4% 0.8pp Occupancy y-o-y $47.7 $44.7 US$144 0.7% $18.9 $17.4 ADR y-o-y $14.6 $12.7 US$107 1.8% RevP
Slide 12: 2Q 2025 Key Performance Indicators (Adjusted – Same Store Basis)
2Q 2025 KEY PERFORMANCE INDICATORS (ADJUSTED – SAME STORE BASIS) Softening pricing and rising operational costs impacted performance in 1H 2025 74.4% 0.6pp Gross Revenue Gross Operating Profit Net Property Income Occupancy y-o-y US$44.7 mil US$17.4 mil US$12.7 mil US$144 0.8% ADR y-o-y $45.4 $44.7 $
Slide 13: 1H 2025 Financial Performance
1H 2025 FINANCIAL PERFORMANCE Weaker portfolio performance and elevated finance costs drive a decline in distributable income Portfolio Overview As at 30 Jun 2024 As at 30 Jun 2025 Change No. of hotels 35 33 -5.7% No. of rooms 4,573 4,315 -5.6% 1H 2024 1H 2025 Change Portfolio Indicators ADR (US$) 1
Slide 14: Capital Management and Interest Coverage Ratio Sensitivity
CAPITAL MANAGEMENT AND INTEREST COVERAGE RATIO SENSITIVITY Recent refinancing extends debt maturity As at As at 31 Dec 2024 30 June 2025 NAV per Stapled Security US$0.73 US$0.70 Cash Balance US$31.6 mil US$29.7 mil Total Debt Outstanding US$324.5 mil US$324.5 mil Aggregate Leverage Ratio1 41.6% 42.4
Slide 15: 1H 2025 Distribution Schedule
1H 2025 DISTRIBUTION SCHEDULE Distribution Schedule (Semi-annual) Amount per Stapled Security 0.432 US cents Ex-Distribution Date Thursday, 14 August 2025 at 9.00 a.m. Record Date Friday, 15 August 2025 at 5.00 p.m. Distribution Currency Election Notice to CDP By Friday, 5 September 2025 at 5.30 p.m
Slide 16: Capex Highlights
CAPEX HIGHLIGHTS Hyatt House Raleigh Durham Airport
Slide 17: Hotels Planned for Renovations in 2025
HOTELS PLANNED FOR RENOVATIONS IN 2025 Active rejuvenation of portfolio to keep hotels brand-compliant and competitive Hyatt House Hyatt House Hyatt House Hyatt House Boston Burlington Fishkill Morristown Richmond Short Pump Hyatt Place Nashville Courtyard San Antonio at Residence Inn San Antonio Op
Slide 18: Capex Summary
CAPEX SUMMARY Capex (US$m) 2019 2020 2021 2022 2023 2024 2025F Portfolio Maintenance 7.7 8.4 6.3 9.1 10.1 8.4 9.5 Brand-Mandated Renovations 6.6 20.6 22.5 Total Capex Expense (US$m) 7.7 8.4 6.3 9.1 16.7 29.0 32.0 Brand-Mandated Renovation Detail by Hotel Completed in 2024 20.6 1 Hyatt Place Tampa Bu
Slide 19: Key Takeaways
KEY TAKEAWAYS 1 U.S. economic growth is moderating due to rising uncertainty U.S. lodging growth has slowed as the cycle has matured, and both business and 2 international travel demand are facing headwinds Rising operational costs and a slowdown in demand contributed to softer performance in 3 the
Slide 20: Thank You
THANK YOU For enquiries, please contact: Investor Relations ir-enquiry@acrophyte.com AC Hotel Marriott Raleigh North Hills
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