Investor Presentaiton
Aligned with investors
FIBRA
Macquarie
México
Corporate governance and fee construct are aligned with investors interest.
O
MACQUARIE
Structure
• Follows Macquarie Asset Management's
("MAM") highly disciplined and institutional
approach to fund management
• Access to MAM's broader real estate
investment and fund management expertise
Technical committee
• 88% of Technical Committee ("TC") is
independent
·
·
Appointed via annual consent from
certificate holders¹
Required to reinvest at least 40% of annual
FIBRAMQ TC member compensation earned
in FIBRA Macquarie's certificates
Fees
• Base management fee of 1% per annum of
market capitalization paid every six months
• Performance fee hurdle rate adjusts for
high inflation periods as it is based on
Mexican CPI + 5%, versus other peer fee
structures that have a fixed (e.g. 9%) hurdle
Performance fees must be reinvested in
FIBRA Macquarie certificates
• No other fees (e.g. acquisition, development,
leasing, or property administration) paid to
Manager
Compensation of Manager staff
(CEO, CFO, etc.) paid by the Manager, not
by the FIBRA
1.
Excludes TC members appointed by CBFI holders.
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