Investor Presentaiton
What changed? A better company at half the price
FibraHotelmx
Even with real assets and a better environment, the stock decreased in 2015 and stabilized in 2016
FIHO stock price (US$)
Rooms in operation
$2.50
$2.25
$2.00
$1.75
$1.50
$1.25
$1.00
$0.75
$0.50
11/2012
05/2013
11/2013
04/2014
10/2014
03/2015
09/2015
03/2016
08/2016
02/2017
12,000
10,000
8,000
6,000
4,000
2,000
Evolution of Fibra Hotel since the IPO
ā Hotels are real "hard" assets and have appreciated in market value
2.5x larger portfolio: Added >50 hotels and >6,500 rooms (40 in operation)
Diversified by adding international brands and landmark full-service hotels
Announced pipeline. Clear use of cash with proven development know-how
ā Lodging sector outperforming: Best KPIs in years across the board
Built asset management team and optimized hotel level results
Mexico economic prospects improved (structural reforms, FDI, etc.)
~Ps. 1,700mm returned to shareholders (~Ps. $3.50 per CBFI)
Considerations since IPO:
* Increased Interest rate
uncertainty
* Capital deployment has been
more focused on development
than acquisitions (and slower)
* Peso depreciation
* More Fibras in the market
Notes: Prices as of March 2017
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