Investor Presentaiton
Attractive spread vs. udibono with upside growth
FIHO CBFI yield vs. government bond yields
FIHO div. yield
FIHO dividend
Mexico's 10Y M-Bono yield
Mexico's 10Y Udibono yield
4.96%
FibraHotelmx
8.33%
8.37%
7.46%
6.86%
6.81%
6.45%
6.10%
6.20%
6.20%
6.11%
5.92%
5.84%
5.91%
6.06% 6.06%
5.96% 5.90%
6.05%
5.69%
5.21%
5.06%
4.90%
3.36%
2.48%
4.36%
4.39%
4.05%
4.01%
3.84%
3.67%
3.60%
3.36%
2.99% 2.92% 3.02%
2.99%
2.94%
2.64%
2.70%
2.61%
2.78% 2.71%
2.23%
2.22%
2.31%
2.07%
2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 2016 Q3 2016 Q4
2014
2015
2016
2014 Q1
2014 Q2
2014 Q3
Dividend per CBFI
$0.20
$0.23
$0.20
2014 Q4
$0.23
2015 Q1
2015 Q2
2015 Q3
$0.21
$0.22
$0.22
2015 Q4
$0.24
2016 Q1
2016 Q2
2016 Q3
2016 Q4
$0.20
$0.24
$0.27
$0.30
▲ 9-0-9
▲ y-o-y
(6%)
16%
(12%)
11%
(8%)
6%
(2%)
11%
(16%)
20%
13%
12%
(0%)
53%
0%
5%
4%
(5%)
6%
6%
(3%)
9%
27%
28%
3.67%
3.84%
3.60%
4.39%
6.20%
5.69%
6.11%
5.84%
2.64%
2.31%
2.70%
2.61%
FIHO Dividend Yield
Mbono 10-yr yield
Inflation Linked 10-yr yield
Yield spread
FIHO vs. 10yr Mbono (bps)
(253 bps)
FIHO vs. 10yr Inflation linked (bps)
103 bps
(185 bps) (251 bps)
153 bps 90 bps
(145 bps)
178 bps
(190 bps)
102 bps
(100 bps)
214 bps
(85 bps)
219 bps
58 bps
350 bps
(106 bps)
191 bps
91 bps
403 bps
228 bps
562 bps
91 bps
543 bps
4.01%
5.06%
5.21%
6.86%
4.90%
6.81%
8.33%
8.37%
5.91%
6.06%
6.06%
6.28%
5.96%
5.90%
6.05%
7.46%
2.99%
2.92%
3.02%
3.36%
2.99%
2.78%
2.71%
2.94%
Nota: FIHO Q4 2016 yield based on Feb 27, 2017 prices
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