Pandox Ab Class B · OMXSTO:PNDX_B
Pandox Ab Class B — Shareholder Meeting (March 2017)
20 slides from Pandox Ab Class B's shareholder meeting presentation, Mar 29, 2017
Slide 1: Presentation at the annual general meeting 2017
Presentation at the annual general meeting 2017 29 March 2017 Anders Nissen, CEO PANDOX – EXCELLENCE IN HOTEL OWNERSHIP & OPERATIONS
Slide 2: A solid full-year 2016
A solid full-year 2016 1 Strong and dynamic hotel market. 20% 2 Profitable acquisitions and investments. Return on equity1 3 High business tempo and efficiency. 19% 7% -1% Growth in NOI Growth in NOI Growth in cash earnings2 Property Management3 Operator Activities3 1) Measured as growth in EPRA NAV
Slide 3: Delivering on our promises
Delivering on our promises Main achievements from listing a Profitable acquisitions and divestments 26 hotels acquired for MSEK 8,300. Divestment of nine non-core assets for MSEK 1,000 a Expansion of lease portfolio Almost 40 acquired, extended and new long-term revenue-based lease agreements. a Act
Slide 4: A focused strategy
A focused strategy Based on specialisation 1 Focus on hotel properties only Specialist competence. 2 Large hotel properties in good locations in larger markets Full-service hotels in strategic cities. 3 Long-term revenue-based leases with the best hotel operators Profitable long-term relations. 4 Hi
Slide 5: Pandox's sustainability work
Pandox’s sustainability work Based on stakeholder dialogue and materiality analysis PANDOX – EXCELLENCE IN HOTEL OWNERSHIP & OPERATIONS 5
Slide 6: Ourselves
Ourselves Our dreamteam Liia Nõu, Senior Executive VP and CFO Jonas Törner , SVP, Business Intelligence Anders Berg, Director of Communications and IR PANDOX – EXCELLENCE IN HOTEL OWNERSHIP & OPERATIONS 6
Slide 7: Well diversified hotel property portfolio
Well diversified hotel property portfolio Dynamic and balanced markets 26,240 Rooms 62 Cities 10 Countries PANDOX – EXCELLENCE IN HOTEL OWNERSHIP & OPERATIONS 7
Slide 8: Top leisure destinations in Europe
Top leisure destinations in Europe Amsterdam Berlin “A major leisure and business “The third largest leisure destination in Europe” destination in Europe” OCC: 78%, ADR: €136, RevPAR €106 OCC: 77%, ADR: €96, RevPAR €74 Airport passengers Airport passengers 63 million 33 million Population Population
Slide 9: Dynamic and international markets
Dynamic and international markets Brussels Vienna “One of Europe’s most important “A historic metropolis and strong meeting markets” convention destination” OCC: 58%, ADR: €107, RevPAR €63 OCC: 75%, ADR: €99, RevPAR €74 Airport passengers Airport passengers 28 million 23 million Population Populatio
Slide 10: German cities in strategic regions with high international demand
German cities in strategic regions with high international demand… Hamburg Frankfurt “One of the richest regions in EU” “Major financial and exhibition hub” Airport passengers: 16 million Airport passengers: 61 million Population: 1.7 million Population: 0.7 million Guest nights: 13 million Guest ni
Slide 11: …and markets with high domestic demand create balance
…and markets with high domestic demand create balance Cologne Dortmund Bremen Population: 960,000 Population: 590,000 Population: 550,000 Mannheim Hannover Mönchengladbach Population: 310,000 Population: 520,000 Population: 260,000 10 10 10 PANDOX – EXCELLENCE IN HOTEL OWNERSHIP & OPERATIONS 11
Slide 12: Nordic capitals are growing international destinations
Nordic capitals are growing international destinations Stockholm Copenhagen “The Capital of Scandinavia” “Dynamic leisure and business market” Airport Passengers: 25 million Airport Passengers: 29 million Guest nights: 13 million* Guest nights: 8 million* Population: 1.3 million Population: 1.2 mill
Slide 13: Balanced and domestic in the Nordics
Balanced and domestic in the Nordics Kuopio Jyväskylä Jönköping Population: 110,000 Population: 130,000 Population: 130,000 Linköping Karlstad Luleå Population: 150,000 Population: 90,000 Population: 77,000 10 10 10 PANDOX – EXCELLENCE IN HOTEL OWNERSHIP & OPERATIONS 13
Slide 14: Strong operators and brands
Strong operators and brands High productivity, high conversion and lower risk Twenty well-known and well-established external brands Pandox own brands PANDOX – EXCELLENCE IN HOTEL OWNERSHIP & OPERATIONS 14
Slide 15: Portfolio overview
Portfolio overview Increasingly well-diversified portfolio with 60/40 Nordic/International Focused strategy on large hotel properties in the upper-medium to high-end segments in strategic locations. 3% Urban House Copenhagen leased by MEININGER (reclassified 1 January, 2017). 9% Seven hotels in the
Slide 16: Sustained growth in important hotel markets (RevPAR y/y)
Sustained growth in important hotel markets (RevPAR y/y) Key markets Europe 15% 13% 4% 9% 3% 3% 3% 10% 8% 3% 7% 5% 4% 3% 3% 2% 2% 0% 2% -2% -5% 1% -10% 1% 0% -15% Q3 2016 Q2 2016 Q1 2016 Q4 2016 -20% -18% Oslo Brussels Berlin Helsinki Frankfurt Copenhagen Montreal Stockholm PANDOX – EXCELLENCE IN HO
Slide 17: Financing and capital structure
Financing and capital structure Solid growth in EPRA NAV and strong financial position Liquid funds including long-term EPRA Net Asset Value (MSEK) Loan to value (gross) (%) unutilised credit facilities (MSEK) EPRANAV per share, SEK Directed share issue in December 2016 raised 19 883 2,232 MSEK 1,01
Slide 18: A summary of the main drivers for growth in cash earnings
A summary of the main drivers for growth in cash earnings Opportunistic acquisitions Operations Portfolio investments Quality portfolio Market growth Organic growth PANDOX – EXCELLENCE IN HOTEL OWNERSHIP & OPERATIONS 18
Slide 19: Q&A
Q&A PANDOX – EXCELLENCE IN HOTEL OWNERSHIP & OPERATIONS 19
Slide 20: Financial calendar
Pandox AB (publ) Box 15 Financial calendar: SE-101 20 Stockholm Sweden 29 March 2017 – Annual General Meeting Visiting address: Vasagatan 11, 9th floor Stockholm 4 May 2017 – Interim report Q1, January–March 2017 Sweden www.pandox.se 9 May 2017 – Capital Market Day 2017 PANDOX – EXCELLENCE IN HOTEL