Grupo Posadas Sab De Cv Class A · BMV:POSADAS/A
Grupo Posadas Sab De Cv Class A — Q2 2019 Earnings Presentation
12 slides from Grupo Posadas Sab De Cv Class A's earnings presentation, Jul 18, 2019
Slide 1: Operating & Financial Results - 2Q19
Operating & Financial Results - 2Q19 • July 18, 2019 Live Aqua San Miguel de Allende
Slide 2: Disclaimer
Disclaimer Operating & Financial Results - 2Q19 This Presentation has been produced by Grupo Posadas, S.A.B. de C.V. (the “Company” or “Posadas”). This presentation is strictly confidential and may not be reproduced or delivered, in whole or in part, to any other person. This Presentation contains i
Slide 3: Summary – 2Q19 Highlights
Summary – 2Q19 Highlights Operating & Financial Results - 2Q19 • In 2Q19 revenues reached $2,125 million, 12% increase, QoQ. • 2Q19 EBITDA of $437 million excluding $176 million of lease payments according to IFRS 16 standard that went into effect on January 1st, 2019. Comparable EBITDA of $261 mill
Slide 4: Income Statement (million pesos)
Income Statement (million pesos) Operating & Financial Results - 2Q19 IFRS 16 BAU IFRS 16 BAU 2Q19 Leases 2Q19 2Q18 QoQ 1H19 Leases 1H19 2H18 YoY 2,125 2,125 1,900 12% Total revenues 4,044 4,044 3,910 3% 1,687 176 1,864 1,607 16% Expenses 3,262 324 3,586 3,244 11% EBITDA Incl. Asset Sale 458 458 691
Slide 5: Hotel Performance
Hotel Performance Operating & Financial Results - 2Q19 OWNED AND LEASED HOTELS % Occupancy RevPar (2pp) (4%) 1,495 78% 1,415 77% 1,351 1,375 77% 1,284 1,302 1,300 1,319 76% 76% 76% 1,211 1,213 1,243 75% 1,176 75% 1,151 74% 74% 74% 74% 72% * * * * * * * * * * 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2
Slide 6: Vacation Properties (million pesos)
Vacation Properties (million pesos) Operating & Financial Results - 2Q19 TOTAL FA Vacation Club Gross Sales LTM Receivables 12% 16% 3,153 5,418 2,809 2,702 4,685 4,236 2,216 3,643 1,886 2,930 1,543 2,367 (1%) 10% 2,914 1,399 1,392 2,591 1,184 1,393 2,131 2,332 912 931 1,750 1,833 1Q 2Q 3Q 4Q 1Q 2Q 3
Slide 7: EBITDA LTM (million pesos)
EBITDA LTM (million pesos) Operating & Financial Results - 2Q19 CAGR CAGR ´14 -´17 ´14 -´18 1,800 20% 11% 1,625 1,650 1,606 3,500 1,541 1,559 1,600 1,483 1,508 1,478 1,402 1,362 3,000 1,497 1,343 1,400 1,457 1,453 1,463 1,280 1,272 1,424 1,353 1,352 1,315 2,500 1,200 1,263 1,286 1,274 1,072 1,214 1,
Slide 8: Pipeline
Pipeline Operating & Financial Results - 2Q19 Hotels Vacation Luxury Upper Middle Economy Other Club New New Brand Brand Other Total 2Q19 5 9 14 2 71 6 18 48 6 1 180 2H19 1 2 1 1 3 1 4 3 16 2020 1 1 3 7 12 45 2021 1 2 2 4 1 1 2 1 14 25% 2022 1 2 3 Total 9 12 22 4 76 9 25 58 6 2 225 Rooms Vacation Lu
Slide 9: Openings 2019
Openings 2019 Operating & Financial Results - 2Q19 9 3 Gdl Aeropuerto Explanada Puebla Tapachula Reynosa Valle Mty Centro Versalles Alto Mty Rincón de Santiago Viaducto Churubusco Al Varadero Parque Puebla Orizaba de France Celaya Oaxaca San Luis Potosí Mazatlán Centro Histórico Galerías Celaya New
Slide 10: Free Cash Flow, Internal Reporting (million pesos)
Free Cash Flow, Internal Reporting (million pesos) Operating & Financial Results - 2Q19 Concept BAU Asset Sale 2Q19 Cash eop 2018 2,197 537 2,734 EBITDA 458 458 Working capital & Other (269) (269) Interests, net (262) (262) Financings (8) (143) (151) Taxes (339) (339) Statutory employee profit shari
Slide 11: Financial Health: Net Interest Coverage and Net Debt
Financial Health (Fx eop 19.1442) Operating & Financial Results - 2Q19 334 4.8x 4.7x 4.8x 5.0x 320 324 Net Interest Coverage 293 291 295 298 Net Debt (US$M) 271 278 252 258 253 2.9x 2.7x 2.8x 2.8x 2.8x 2.9x 2.7x 2.8x 229 2.1x 2.0x 189 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19
Slide 12: Fiesta Americana Monterrey Pabellón M
Fiesta Americana Monterrey Pabellón M 12
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