Home Bancshares, Inc. · NYSE:HOMB
Home Bancshares — Corporate Update (June 2020)
18 slides from Home Bancshares's corporate update, Jun 18, 2020
Slide 1: HOMB Hotel Portfolio COVID-19 Update
HOMB Hotel Portfolio COVID-19 Update
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation may contain forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future. Statements in this presentation that are not historical facts should be considered forward-looking statements within the meaning of the Pr
Slide 3: HOMB Loans
HOMB Loans Multifamily 3% CRE-N/O/O 26% Construction 1-4 Family % 15%
Slide 4: COVID Deferrals by Loan Type ($ millions)
COVID Deferrals by Loan Type ($ millions)
Slide 5: ADC and CRE Composition
ADC and CRE Composition ADC portfolio of $2.0B was 17.3% of the loan portfolio, and was 105% of capital at March 31, 2020 CRE portfolio of $3.2B was 27.7% of the loan portfolio, and was 168% of capital at March 31, 2020 Total ADC and CRE portfolio of $5.2B was 45.0% of the loan portfolio, and was 27
Slide 6: Hotel by Geography
Hotel by Geography Florida properties improving quickly, with those closest to the coast leading the pack. Many achieving close to 2019 occupancy. Keys occupancies in 40-50% range after June 1 opening Arkansas properties improving, but much more slowly. Around 30% occupancy on average Texas properti
Slide 7: Completed/Operational Hotels by State
T$=Total Dollars by State TH=Total # of Hotels D=Deferred # of Hotels ND=Not Deferred # of Hotels D$=Deferred Dollars ND$=Non-Deferred Dollars Completed/Operational Hotels by State State T$ TH D ND D$ ND$ Arkansas 148M 51 38 13 125M 18M Florida 326M 109 74 35 247M 80M Texas 101M 17 16 1 96M 5M Oklah
Slide 8: Comments From the Field
Comments From the Field “Since the beginning of the pandemic I have had regular follow ups with hotel owner/operators up and down the gulf coast from owners of single 40 key properties to owners with 2,000+ keys under ownership/management. Largely properties along the gulf have been experiencing for
Slide 9: Hotel portfolio comment on recession resistant drive-to destinations
“Relative to the global hotel industry, our hotel portfolio, which is comprised of – for the most part – transient, drive-to destinations, was in much better shape as the COVID-19 crisis unfolded. We claim that most of our assets are “recession resistant” in that we offer an affordable beach vacatio
Slide 10: Peachtree portfolio performance comment
“Peachtree’s portfolio performance bottomed out in late April/early May. Since that time, we have seen considerable weekly RevPAR growth across our portfolio. While we continue to maintain the heightened expense controls that we implemented during the early stages of the pandemic, we have turned our
Slide 11: Arkansas hotel industry comments
“The Arkansas hotel industry experienced the fastest drop in revenue ever at the end of March and beginning of April. Hoteliers responded by cutting back quickly and drastically. Revenues fell by over 90%, and labor costs were cut by two thirds. Since that time, hotels have seen a steady improvement
Slide 12: Northwest Arkansas hotel exposure comments
“While we have very limited exposure in the local hotel market with approximately $8MM in total exposure, we are confident our three borrowers are navigating these abrupt economics changes and unprecedented times as well as anyone in the industry. The have owned and operated numerous properties for
Slide 13: Hotel development loans and regional comments
“At CCFG we currently have three hotel development loans. Each of these loans are destination resorts; Napa, CA, Santa Fe, New Mexico and Lake Conroe, TX. All three are primarily drive-to destination locations. Napa pulls from San Francisco, New Mexico pulls from Texas and the Lake Conroe property d
Slide 14: Southwest Florida hospitality operator comments
“We have been in the hospitality business in Southwest Florida for over 25 years and have experienced severe downturns before including 9/11 and the Gulf Oil spill. Each time we managed through the difficulties by adjusting expenses and managing towards a stabilization/rebound of our markets. The cu
Slide 15: Drive-to leisure travel leading recovery
“We believe destination driving-distance leisure travel will lead recovery. Less people are traveling via air, so this makes sense given what we observed after 9/11/2001. - First to recover - resort/beach hotels for weekend transient travel only. - Second to recover - select service hotels for leisu
Slide 16: Florida beach market comments
“We are in a better position now than before. The market is much stronger, people are relocating from hard hit COVID areas, to FL.- the beach, and vacationers are staying local – in the U.S., not traveling abroad, not on cruises, and not the Caribbean, THEY ARE COMING TO THE BEACHES OF FLORIDA!” Pro
Slide 17: Contact Information
Contact Information Corporate Headquarters Home BancShares, Inc. 719 Harkrider Street, Suite 100 P.O. Box 966 Conway, AR 72033 Financial Information Donna Townsell Director of Investor Relations (501) 328-4625 Website www.homebancshares.com
Slide 18: June 2020 www.homebancshares.com
NASDAQ: HOMB | June 2020 www.homebancshares.com