Pandox Ab Class B · OMXSTO:PNDX_B
Pandox Ab Class B — Shareholder Meeting (April 2018)
39 slides from Pandox Ab Class B's shareholder meeting presentation, Apr 9, 2018
Slide 1: CEO presentation, 9 April 2018
9 April, 2018 Anders Nissen, CEO Forward-looking statements This presentation contains forward- looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond the control of Pandox AB (publ), may cause actual developments and results to differ
Slide 2: Pandox 22 years
Pandox 22 years Proven business model and track record 2000 180 Number of Hotels 1) Cash Earnings, MSEK 1,660 1800 160 1) Excluding 10 hotels under asset management agreement; 2) Pandox Operations formally established in 2014, but Pandox has been significantly engaged in operations since 2000. 1600
Slide 3: Pandox has always been a driver of change
Pandox has always been a driver of change EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 4: The first listed hotel property company in Europe
The first listed hotel property company in Europe A first mover in dynamic lease agreements One of few with a broad geographical exposure Dynamic business model, active across the value-chain Speed and execution EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 5: Acquisition of Jury's Inn
Acquisition of Jury’s Inn EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 6: Meets all of Pandox's investment criteria
Meets all of Pandox’s investment criteria Landmark transaction with 21 high quality hotel properties 5 countries, 20 cities (4 capital cities) and approximately 4,700 rooms Large full-service hotels with an average size of approximately 224 rooms Well-established hotels with strong positions, strong
Slide 7: Transaction highlights
Transaction highlights Acquisition of Jurys Inn with 37 hotel businesses in cooperation with Leonardo for MGBP 800 (approx. MSEK 9,030*) on a debt free basis Pandox retains 2o investment properties and one operating property, while Leonardo acquires the hotel operations after reorganisation Leonardo
Slide 8: High business tempo since listing
High business tempo since listing EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 9: In acquisitions outside the Nordic region
In acquisitions outside the Nordic region Based on the period Q1 2015-Q4 2017 (in SEK) EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 10: New hotel properties added in existing and new markets
New hotel properties added in existing and new markets Based on the period Q1 2015-Q4 2017 EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 11: Hotels divested in streamlining of portfolio
Hotels divested in streamlining of portfolio Based on the period Q1 2015-Q4 2017 EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 12: New and extended lease agreements
New and extended lease agreements Based on the period Q1 2015-Q4 2017 EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 13: Active ownership with hotels taken over, re-developed and leased out
Active ownership with hotels taken over, re-developed and leased out Based on the period Q1 2015-Q4 2017 EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 14: Cash flow generating investments together with partners
Cash flow generating investments together with partners Based on the period Q1 2015-Q4 2017 EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 15: High financial flexibility
High financial flexibility Based on the period Q1 2015-Q4 2017 EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 16: A new and stronger business platform has been created
A new and stronger business platform has been created EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 17: Pandox's strategic position
Pandox’s strategic position Unchanged Larger Higher Bigger risk profile portfolio profitability markets The same business model EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 18: Portfolio overview
Portfolio overview Well-diversified portfolio dominated by leases Pandox Property Operator Group Management Activities 143 hotel 127 16 properties Leased Operated 85% 15% Property market Property market SEK 50.1bn value value Property market value 5.6% 7.3% Valuation yield Valuation yield Market val
Slide 19: The world of Pandox
The world of Pandox
Slide 20: Excellence in hotel ownership and operations
EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 21: Top international destinations…
Top international destinations… EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 22: London
London “A modern Babylon” Airport passengers 76 million Population (metropolitan area) By Diliff - Own work, CC BY 3.0, https://commons.wikimedia.org/w/index.php?curid=3639626 14 million Guest nights 75 million 22
Slide 23: Amsterdam and Berlin
Amsterdam Berlin “A major leisure and business “The third largest leisure destination in Europe” destination in Europe” Airport passengers Airport passengers 69 million 33 million Population (metropolitan area) Population (metropolitan area) 2.4 million 6.0 million Guest nights* Guest nights* 14 mil
Slide 24: Brussels and Vienna
Brussels Vienna “A major leisure and business “A historic metropolis and strong convention destination in Europe” destination” Airport passengers Airport passengers 25 million 24 million Population Population 1.0 million 1.8 million Guest nights* Guest nights* 6 million 16 million 24 *ECM Cities Mar
Slide 25: Montreal
Montreal “The cultural and event capital of Canada” Airport passengers 18 million Population (metropolitan area) 4.1 million Guest nights 10 million 25 *ECM Cities Marketing Report 2015-2016
Slide 26: Flagship hotels in international destinations
Flagship hotels in international destinations Well positioned to benefit from market growth and market share gains Hilton London Heathrow Airport NH Vienna Airport Park Hotel Amsterdam 398 rooms 499 rooms 339 rooms Hotel Berlin, Berlin Hyatt Regency Montreal The Hotel, Brussels 701 rooms 607 rooms 4
Slide 27: Strong regional and domestic cities…
Strong regional and domestic cities… EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 28: Hamburg, Düsseldorf, Munich, Frankfurt
Hamburg Düsseldorf “One of the richest regions in the EU” “City of fashion, exhibitions and business” Munich Frankfurt “The capital of southern Germany” “Major financial and exhibition hub”
Slide 29: Cologne, Dortmund, Bremen and other German cities
Cologne Dortmund Bremen Population: 1,060,000 Population: 590,000 Population: 550,000 Mannheim Hannover Baden-Baden Population: 315,000 Population: 520,000 Population: 55,000 29
Slide 30: Flagship hotels in selected cities in Germany
Flagship hotels in selected cities in Germany Well positioned to benefit from market growth and market share gains Radisson Blu Dortmund Leonardo Royal Düsseldorf Königsallee Radisson Blu Cologne 190 rooms 253 rooms 393 rooms NH Collection Hamburg City NH Munich Airport Leonardo Royal Hotel Frankfur
Slide 31: Manchester, Birmingham, Dublin, Glasgow
Manchester Birmingham “The second most visited city in the UK” “The second largest city in the UK” Dublin Glasgow “Strong business and leisure market” “The largest city in Scotland”
Slide 32: Sheffield, Leeds, Cork and other cities
Sheffield Leeds Cork Population: 830,000 Population: 774,000 Population: 543,000 Belfast Cardiff Brighton Population: 479,000 Population: 357,000 Population: 348,700 32
Slide 33: Flagship hotels in selected cities in the UK and Ireland
Flagship hotels in selected cities in the UK and Ireland Part of the Jurys Inn acquisition Jurys Inn Dublin Christchurch 182 rooms Jurys Inn Birmingham Jurys Inn Glasgow Jurys Inn Manchester 445 rooms 321 rooms 265 rooms 33
Slide 34: Flagship hotels in selected cities in the UK
Flagship hotels in selected cities in the UK Part of the Jurys Inn acquisition Jurys Inn Sheffield 259 rooms Jurys Inn Belfast Jurys Inn Leeds 190 rooms 248 rooms Jurys Inn Oxford 240 rooms 34
Slide 35: Nordic international destinations and strong domestic cities…
Nordic international destinations and strong domestic cities… EXCELLENCE IN HOTEL OWNERSHIP AND OPERATIONS
Slide 36: Stockholm, Copenhagen, Oslo, Helsinki
Stockholm Copenhagen “The Capital of Scandinavia” “Dynamic leisure and business market” Oslo Helsinki “The fastest growing capital in Europe” “City of design, architecture and culture”
Slide 37: Kuopio, Jyväskylä, Jönköping and other cities
Kuopio Jyväskylä Jönköping Population: 110,000 Population: 140,000 Population: 135,000 Linköping Karlstad Luleå Population: 110,000 Population: 90,000 Population: 77,000
Slide 38: Flagship hotels in strong Nordic destinations
Flagship hotels in strong Nordic destinations Well positioned to benefit from market growth and market share gains Hilton Stockholm Slussen Scandic Copenhagen Radisson Blu Arlandia, Arlanda Airport 421 rooms 486 rooms 339 rooms Scandic Park Helsinki Elite Park Avenue, Gothenburg Scandic Solli, Oslo
Slide 39: Financial calendar
Financial calendar 9 April 2018 Annual General Meeting 24 April 2018 Interim report Q1 2018 13 July 2018 Interim report Q1-2 2018 25 October 2018 Interim report Q1-3 2018 Pandox AB (publ) Box 15 SE-101 20 Stockholm Sweden Visiting address: Vasagatan 11, 9th floor Stockholm Sweden www.pandox.se