Investor Presentaiton
Solid financial structure
FibraHotelmx
As of December 31th, 2016
■ Ps. $2,697 million gross debt
■ Ps. $2,019 million net debt (including recoverable VAT)
■ Debt profile:
■ Current credit lines available with BBVA and Banorte Ixe
■ 100% pesos denominated
■ 100% variable interest rate
Debt and LTV evolution
Gross debt (Ps. million)
Loan to Value
2,697
2,514
1,611
1,396
862
20%
22%
12%
14%
8%
No debt
3Q 2015
4Q 2015 1Q 2016
2Q 2016
3Q 2016
4Q 2016
"
Strong financial structure:
■ A 21.7% LTV (20.4% @ Sep-16 and 7.9% @ Dec-15)
■ A 3.4x Net Debt to EBITDA ratio (2.8x @ Sep-2016 and
1.0x @ Dic-15)
■ 74% of indebtedness covered with derivatives
instruments that partially mitigate the impact of raising
rates
■ Amortization
■ 2017: Ps. $98 million (~Ps. $0.18 per CBFI)
■ 2018: Ps. $102 million (~Ps. $0.20 per CBFI)
On-going analysis of liability management alternatives
■ Liability management alternatives of new bank credit
lines or a bond issuance to refinance maturities
■ Additional credit facilities in process to increase
firepower
FIBRA's Leverage @ 4Q 2016
39% 37%
33% 33%
29%
28%
23% 22%
7%
0%
FIBRAMQ
TERRA
Amortization schedule
320 325
FUNO
FIBRAPL
FINN
FSHOP
FMTY
FIHO
DANHOS
Ps. million
199 203
98
103
421
473
FIBRHD
317
273
98
2017 2018 2019 2020 2021 2022 2023 2024
2025 2026 2027
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