Grupo Posadas Sab De Cv Class A · BMV:POSADAS/A
Grupo Posadas Sab De Cv Class A — Q2 2015 Earnings Presentation
15 slides from Grupo Posadas Sab De Cv Class A's earnings presentation, 2015
Slide 1: 2Q15
2Q15
Slide 2: Disclaimer
DISCLAIMER 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 information that may be deemed to be “
Slide 3: Liability Management
Liability Management 1. Tender Offer participation of 87.6% 2. New Issue 7NC4 / 350 MM: Extension and improvement on its debt maturity profile Eliminate near term refinancing risk Take advantage of historical low rates before a rate hike and market moving events 3. Comparables: 157.5 bps improvement
Slide 4: Summary of Terms and Conditions
Summary of Terms and Conditions Issuer Grupo Posadas, S.A.B. de C.V. (“Posadas”) Guarantors Certain (12) wholly owned direct and indirect Mexican subsidiaries of Posadas New Issue 7NC4 Senior Unsecured Notes Ranking Pari passu with all future and existent Senior Unsecured Debt Amount US$350 million
Slide 5: Transaction Sources and Uses & DMP
Transaction Sources and Uses & DMP (US$mm) Sources Uses New Issue Due 2022 350 ECP due Nov. 2015 50 Notes Due 2017 (Principal & Tender) 295 Cash incremental 5 Total Sources 350 Total Uses 350 5
Slide 6: Income Statement (million pesos)
Income Statement (million pesos) 2Q15 QoQ Accum. 2015 YoY 1,662 17% Total revenues 3,403 23% 1,338 (11%) Expenses 2,735 (14%) 324 52% EBITDA MXN 668 84% 20% 5pp Margin 20% 6pp (35) n.a. Net Income (81) (918%) 6
Slide 7: Hotel performance (nominal Mexican pesos)
Hotel performance (nominal Mexican pesos) SYSTEM WIDE 4pp 11% URBAN 2008 2014 2015 COASTAL 4pp 1pp 8% 18% 7 2008 2014 2015 2008 2014 2015
Slide 8: EBITDA 2Q15 - QoQ internal reporting
EBITDA 2Q15 - QoQ internal reporting million pesos Margin var. vs 3.5pp 15.2pp 4.6pp 2014 (QQ) $111 4.5pp 52% 8
Slide 9: EBITDA 1H15 - YoY internal reporting
EBITDA 1H15 - YoY internal reporting million pesos Margin var. vs 5.0pp 7.1pp 7.9pp 2014 (YoY) $305 6.5pp 84% 9
Slide 10: Quarterly EBITDA - comparable basis (million pesos)
Quarterly EBITDA - comparable basis (million pesos) 1Q 2Q 3Q 4Q $505 $314 EBITDA LTM 65% 33% 10
Slide 11: Development Plan
Development Plan As of June 2015 (22,021 rooms) Estimated portfolio …. June 2017 (28,074 rooms) +27% 39 Hotels / 6,053 Rooms USD$588 mm 82% Managed 11
Slide 12: Expansion plan with managed contracts
Expansion plan with managed contracts Hotels 2015 2016 2017 TOTAL Rooms 2015 2016 2017 TOTAL Live Aqua 2 1 3 Live Aqua 200 250 450 Fiesta Americana 2 4 2 8 Fiesta Americana 623 753 305 1,681 Fiesta Inn 2 8 10 Fiesta Inn 164 1,079 1,243 ONE 3 10 13 ONE 396 1,260 1,656 Gamma 3 3 Gamma 449 449 FA Vacat
Slide 13: Net Interest Coverage
Net Debt (US$M) Financial Health Net Debt / EBITDA 13 Net Interest Coverage
Slide 14: Debt mix - 2Q15
Debt mix - 2Q15 Tenor Currency (Total Debt) Gross debt: US$438 mm Capitalized expenses: (US$30 mm) Guaranty Total debt: US$408 mm Rate Cash: US$118 mm 14
Slide 15: Thank you
THANK YOU POSADAS.
Grupo Posadas, S.A.B. de C.V. — Q2 2015 Earnings Presentation on 6ix