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Investor Presentaiton

08 2013 Annual Report / Fibra Inn 2013 Annual Report / Fibra Inn wwww Value creation for our investors in 2013 (1) 60 09 Attractive returns We generate the highest dividends in the publicly held hotel industry. 5.1%) Annualized Dividend Yield Sustained growth Our growth was based on acquisitions of hotels and development properties. Our organic growth was in: Occupancy, rates and RevPAR (3); synergies, operator changeovers, re- branding and room expansions. Same Store Sales (18 Hotels) Efficient Hotel Operations We produced the most attracti- ve operating margins in the in- dustry above 35% of NOI over hotel revenues. Diversified portfolio, with 7 international and prestigious hotel brands, 1 prestigious do- mestic brand, plus we opera- te in 13 states in the country. NOI 35% over Hotel Revenues % Var 2011 2012 2013 vs. 2012 Occupancy 56% 60% 62% 2 p.p. Rate 948 971 983 1.2% RevPAR(3) 528 583 608 4.3% RevPARĀ© 14.3% Fiscal Advantages FIBRAS (REITs) are excluded from the 10% income tax on capital gains. FIBRAS (REITs) are not affected by the additional duties on paid dividends. FIBRAS (REITs) do no pay Income Tax; the tax payer is the holder. Holiday Inn Express & Suites Monterrey Aeropuerto Acquisitions(1): - - We acquired 14 hotels; 6 from the acquisitions portfolio and 8 hotels post-IPO, which translates into 3,308 rooms. We have three properties under development, with 540 rooms. Acquisition Cap Rates 9.2% and 10.1% between Development We acquired 14 Cap Rates 11.3% and 12.3% Hotels between 1 Information of results gathered over a year of operations, as of the first Public Offering, in March 12, 2013. 2 Dividend payouts are considered annualized, with the price of CBFIs at Ps. 17.22 as of December 31, 2013. 3 RevPAR: Revenue per available room.
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