12 slides from Grupo Posadas Sab De Cv Class A's earnings presentation, Apr 11, 2019
Slide 1: Operative & Financial Results -1Q19
Operative & Financial Results -1Q19 April 11, 2019 Fiesta Americana Monterrey Pabellón M
Slide 2: Disclaimer
Disclaimer Operative & Financial Results - 1Q19 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 – 1Q19 Highlights
Summary – 1Q19 Highlights Operative & Financial Results - 1Q19 • In 1Q18 revenues reached $1,919 million. • 1Q19 EBITDA of $344 million excluding $148 million of lease payments according to IFRS 16 standard that went into effect on January 1st, 2019. Comparable EBITDA of $197 million. • Net income o
Slide 4: Income Statement (million pesos)
Income Statement (million pesos) Operative & Financial Results - 1Q19 IFRS 16 BAU 1Q19 Leases 1Q19 1Q18 YoY Total revenues 1,919 1,919 2,009 (4%) Expenses 1,575 148 1,722 1,613 7% EBITDA Incl. Asset Sale 1,369 EBITDA 344 (148) 197 397 (50%) Margin 18% 10% 20% (10pp) Depreciation 191 98 93 Exchange (
Slide 5: Hotel Performance
Hotel Performance Operative & Financial Results - 1Q19 OWNED AND LEASED HOTELS % Occupancy RevPar 4pp 8% 78% 1,495 1,415 77% 1,351 1,375 1,302 1,300 1,319 77% 1,284 1,222 1,211 1,213 76% 76% 76% 1,176 76% 1,151 75% 75% 74% 74% 74% 74% * * * * * 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18
Slide 6: Vacation Properties (million pesos)
Vacation Properties (million pesos) Operative & Financial Results - 1Q19 Gross Sales LTM Receivables 11% 19% 3,065 5,228 2,759 2,530 4,404 2,217 3,920 3,656 1,764 2,866 1,420 2,297 (2%) 2,843 9% 1,405 1,373 2,599 1,181 1,286 2,251 2,226 902 898 1,754 1,889 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3
Slide 7: EBITDA LTM excludes IFRS 16 (million pesos)
EBITDA LTM excludes IFRS 16 (million pesos) Operative & Financial Results - 1Q19 1,734 1,650 1,667 1,652 1,587 1,606 1,567 1,483 1,508 1,446 1,392 1,362 1,332 1,259 1,272 1,147 1,072 954 866 CAGR YoY 757 1Q14 – 1Q19 ($495) 614 12% (32%) Var 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16
Slide 8: Pipeline
Pipeline Operative & Financial Results - 1Q19 Hotels Vacation Luxury Upper Middle Economy Other Club New New Brand Brand Other Total 1Q19 5 8 15 2 70 5 16 49 6 1 177 9M19 1 2 1 1 4 2 8 4 23 2020 1 3 1 2 1 6 14 49 2021 1 2 2 3 1 1 1 11 28% 2022 1 1 Total 9 11 23 4 76 9 25 59 6 2 226 Rooms Vacation Lu
Slide 9: Openings 2019
Openings 2019 Operative & Financial Results - 1Q19 Celestún Mty Centro Versalles Oaxaca Viaducto Churubusco Explanada Puebla San Luis Potosí Al Varadero New Brand Gdl Periférico Poniente Galerías Celaya Mérida Paseo Montejo Al Holguín Parque Puebla Gdl Aeropuerto Morelia Vista Bella Mty Rincón de Sa
Slide 10: Free Cash Flow, Internal Reporting (million pesos)
Free Cash Flow, Internal Reporting (million pesos) Operative & Financial Results - 1Q19 Concept BAU Asset Sale 1Q19 Cash eop 2018 2,197 537 2,734 EBITDA 197 197 Working capital & Other (87) (87) Interests, net 13 13 Financings (2) (143) (145) Taxes (2) (2) Cash before CAPEX 119 (143) 2,710 CAPEX & O
Slide 11: Financial Health: Net Interest Coverage and Net Debt
Financial Health (Fx eop 19.32) Operative & Financial Results - 1Q19 Net Interest Coverage 334 4.8x 4.7x 4.8x 5.0x 320 324 Net Debt (US$M) 292 293 291 295 271 278 252 258 253 2.9x 2.9x 2.7x 2.8x 2.8x 2.8x 2.9x 2.7x 2.8x 229 2.1x 189 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q
Slide 12: Live Aqua San Miguel de Allende
Live Aqua San Miguel de Allende 12