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February, 2018
4Q17 Quarterly Results UpdateFideicomiso F/2157 – FMTY14
2
Consistent Performance1
Year Guidance(per share) (1)
Dividend(per share) (1)
Dividend Yield (2)
PortfolioValue (3) Properties States
Equity (3)
IssuancesLTV (4)
2015 0.75-0.80 0.8171 6.81% 4,537 22 5 - 15.43%
2016 0.90-0.95 0.9611 8.01% 7,995 35 82,261
23.17%
2017 1.00-1.03 1.0333 8.61% 9,607 43 9 1,489 24.15%
2018 1.04 - 1.058.67%8.75%
(1) Figures in Pesos per share
(2) On an IPO Price per share of PS. 12.00
(3) Figures in millions of Pesos
(4) As defined on Exhibit AA: (Loans + Interest Payable)/Total Assets
3
Total Return Perfomance since IPO1
Mexbol: The S&P/BMV IPC seeks to measure the performance of the largest and most liquid stocks listed on the Bolsa Mexicana de Valores. The constituents are weighted by modified market cap.
UDITRAC: seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the inflation indexed sector of the Mexican government bods market, known as "Udibonos" market, as defined by the S&P/BMV Mexico Government 1+year UDIBONOS Index
CETETRC: seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the short term Mexico Treasury market, known as "CETES" market, as defined by the S&P/BMV Mexico Government CETES Index
M10TRAC: seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the intermediate term sector of the fixed rate Mexican government bonds market, also known as "BONOS M" market, as defined by the S&P/BMV Mexico Government 5-10 year MBONOS Index
FRMEX: The S&P/BMV Fibras Index is designed to measure the largest and most liquid real estate investment trusts (REITs) listed on the Bolsa Mexicana de Valores. The constituents are weighted by their value traded subject to a 25% stock capping.
4
• Multi tenant, Class A, LEED certified office
building located in Guadalajara.
• A total of 8,050 m2 of GLA.
• Building is 64.7% leased with single net, peso-
denominated leases and a weighted average
term of 5.1 years in terms of income.
• Purchase price will be between Ps. 308.0 and
Ps. 332.0 million to be paid as the building
continues to be leased-up.
• In process of corporate restructuring or seller; first
installment will be of Ps. 214.4 million,
to be paid in 1H18.
• Occupied space is expected to generate NOI of Ps. 18.8 million pesos.
• Remaining space will be acquired at a 9.65% annual cap rate.
Recently Announced Acquisitions – Patria Building Highlights2
5
• Zinc is a new industrial facility (build-to-suit) for the
relocation of an existing tenant of Fibra Mty.
• The total GLA is of 18,000 m2, to be built on a
41,345 m2 site in the Santa Catarina corridor,
in Monterrey.
• Total investment will be US $9.5 million, and it is
expected to generate annual NOI of US $0.8 million
• Lease will be triple net (NNN), with an initial
term of 10 years after substantial completion
• The property that is currently occupied by this
tenant, part of the initial portfolio,
will be contributed or sold for commercial and/or corporate use.
• We expect that the repositioning of this land will allow us to increase its value in at
least 25% in respect to its original acquisition cost.
Recently Announced Acquisitions – Zinc Building Highlights2
6
Project Zinc – Repositioning Highlights2
CUPRUMUS $220 per m2
CEN|333US $350 - $450 per m2
New Cuprum Facility
7
State of the Portfolio3
CUAUHTEMOC, CHIH 1,440
19. Monza #4 1,440
LOS MOCHIS, SIN 7,985
13. Casona #5 7,985
PARRAL, CHIH 5,888
14. Casona #4 5,888
CHIHUAHUA, CHIH 27,010
12. Casona #3 12,131
16. Monza #1 8,478
17. Monza #2 1,790
21. Monza #5 4,611
DELICIAS, CHIH 1,971
18. Monza #3 1,971
IRAPUATO, GTO 12,680
10. Casona #1 5,951
11. Casona #2 6,729
SALTILLO, COAH. 82,622
24. Providencia #1 13,717
25. Providencia #2 7,013
26. Providencia #3 11,760
27. Providencia #4 26,165
28. Providencia #5 9,129
29. Providencia #6 6,378
30. Providencia #7 5,093
31. Providencia #8 3,367
HUIXQUILUCAN, MEX 15,137
32. Fortaleza 15,137
CIUDAD JUAREZ, CHIH 4,520
8. Cuadrante 4,520
GUADALAJARA, JAL 19,655
34. Redwood 11,605
QUERETARO, QRO 21,897
20. Santiago 16,497
35. Catacha #2 5,400
MONTERREY, NL 239,828
1. OEP Torre 1 13,578
2. OEP Torre 2 18,007
3. OEP Plaza Central 13,295
4. CEN|333 Neoris 20,283
5. CEN|333 Axtel 12,937
6. CEN|333 Atento 3,532
7. Danfoss 30,580
9. Cuprum 17,261
15. Catacha 5,431
22. Prometeo 8,135
23. Nico 1 43,272
33. Ciénega 25,223
43. Cuauhtémoc 10,294
SAN LUIS POTOSI, SLP. 89,951
36. Huasteco #1 38,503
37. Huasteco #2 15,728
38. Huasteco #3 11,532
39. Huasteco #4 5,750
40. Huasteco #5 1,059
41. Huasteco #6 3,380
42. Huasteco #7 13,999
504,534 m2 of GLA 530,584 m2 of GLA*
* Includes undergoing acquisitions of Patria (44) and Zinc (45)
44. Patria 8,050
Executed
Undergoing
45. Zinc 18,000
8
State of the Portfolio – Quarterly Size Evolution3
132,698
172,365
207,541220,287 220,287
348,899364,036
406,264 404,289
494,240504,534 504,534
0
5
10
15
20
25
30
35
40
45
50
Nu
mb
er o
f P
rop
erti
es
Size of the Portfolio (square meters of GLA)
1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17
* Does not include undergoing acquisitions of Patria (44) and Zinc (45)
9
State of the Portfolio – Key Performance Indicators (as % of income)3
54.0%42.2%
3.8%
Asset Class
Office Industrial Retail
4.8% 5.9%
20.8%16.0%
10.4%8.0% 6.6%
0.1%
11.7%
4.7% 3.1%0.0%
3.4%0.6%
3.9%
4.8%10.7%
31.5%
47.5%57.9%
65.9%72.5% 72.6%
84.3% 89.0% 92.1% 92.1% 95.5% 96.1% 100.0%
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Lease Expiration Profile
Expiration Accumulated
Weighted average remaining term of 5.5 years. More than 47% or income starts expiring in 2022 *
55.1%
12.3%
10.2%
7.2%
6.2%
9.0%
Location
NL SLP Coah Jal Chih Other
93.8%
6.2%
Occupancy
Leased Available
66.1%
33.9%
Currency
USD MXN
* Percentage of income could increase to approximately 60% once certain renewals under negotiation are executed.
10
State of the Portfolio (major tenants and economic activity, as % of income)3
3.6%
3.6%
3.7%
3.8%
4.0%
4.7%
4.8%
4.8%
4.9%
5.7%
Accenture
Epicor
Danfoss
PWC
Famsa
Cemex
Axtel
Central Star Logistics
Oracle
Crisa
Major Tenants (43.6% of income)
3.1%
4.2%
4.8%
5.2%
6.8%
7.5%
11.9%
16.3%
17.6%
22.6%
Logistics
Electronics
Communications
Financial Services
Other
Consumer Products
Services
Automotive
Technology
Industrial
Economic Sectors
11* Source: CBRE Marketview Monterrey Office, 3Q 2017
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
4Q2013
1Q2014
2Q2014
3Q2014
4Q2014
1Q2015
2Q2015
3Q2015
4Q2015
1Q2016
2Q2016
3Q2016
4Q2016
1Q2017
2Q2017
3Q2017
Net Absorption Trends of Major Office Markets in Mexico (last twelve months in square meters, linear trend)
Monterrey Mexico City Guadalajara
The office markets – net absorption trends4
12
Thousands of Pesos 4Q 2017 3Q 2017 Δ% / bps
Number of Properties (1) 41 41 --
Gross Leasable Area (GLA) sqm 488,840 488,840 --
Occupancy Rate (GLA) 96.5% 96.5% --
Same-Property Income 213,318 205,797 3.7%
Same-Property Operating Expenses (25,781) (28,163) (8.5%)
Same-Property Net Operating Income (NOI) 187,537 177,634 5.6%
Same-Property NOI Margin 87.9% 86.3% 160 bps
Income from acquisitions/construction 9,495 4,413 115.2%
Operating Expenses from acquisitions/construction (97) (63) 54.0%
NOI from acquisitions/construction 9,398 4,350 116.0%
NOI Margin from acquisitions/construction 99.0% 98.6% 40 bps
Total Fibra Mty Income 222,813 210,210 6.0%
Total Operating Expenses (25,878) (28,226) (8.3%)
Total NOI 196,935 181,984 8.2%
Total NOI Margin 88.4% 86.6% 180 bps
Portfolio Performance – Same-Property5
(1) Same-Property comparison excludes Catacha 2 and Cuauhtémoc properties.
13
NOI Margins – Benchmarks 5
81.5%
94.9%
81.2%83.6%
95.4%
90.8%88.4%
75%
80%
85%
90%
95%
100%
Office (1) Industrial (2) Retail (3) Overall (4)
NOI Margins
Sector Fibra Mty
1. NOI margin of the office component of diversified FIBRAS
2. Average NOI margin of industrial specialized FIBRAS and industrial component of diversified FIBRAS
3. There is no benchmark comparable to the retail component of Fibra Mty (mostly single-tenant,
triple net properties)
4. Average NOI margin of all diversified FIBRAs
N/A
* Source: Companies quarter reports for 3Q17 and 4Q17
14
7 Selected Financial Information
Thousands of Pesos MXN(except figures per CBFI)
4Q17 3Q17 2Q17 1Q17 4Q16Δ%
4Q17 vs 3Q17Δ%
4Q17 vs 4Q16
Gross Income 222,813 210,210 196,168 200,792 188,283 6.0% 18.3%
Properties Expenses(net from Capex as Opex)
(25,878) (28,226) (26,355) (24,386) (23,111) (8.3%) 12.0%
Net Operating Income(NOI)
196,93588.4%
181,98486.6%
169,81386.6%
176,40687.9%
165,17287.7%
8.2% 19.2%
G&A Expenses (19,748) (18,506) (18,262) (18,783) (17,221) 6.7% 14.7%
EBITDA177,187
79.5%163,478
77.8%151,551
77.3%157,623
78.5%147,951
78.6%8.4% 19.8%
FFO FFO per CBFI (1)
173,1630.271
147,0530.247
129,8200.263
139,9110.289
125,9820.261
17.8%9.7%
37.5%3.8%
AFFO
AFFO per CBFI (1)
165,7570.260
144,5640.244
126,5280.256
132,4110.274
124,4850.258
14.7%6.6%
33.2%0.8%
(1) Financial indicators for 3Q17 consider 515,130,292 CBFIs in July and 635,500,587 CBFIs in august and september.
15
* Organic Growth:
⁻ Income: Increase in Occupancy = ↑ 2% same buildings (+17,000 m2 of GLA)
⁻ Opex: Efficency and Economies of Scale = ↓ 2% same buildings (- Ps 1.6 mill)
* Acquisitions:
⁻ To continue achieving 20/20 vision
⁻ To pursue benefits of a potential buyers market
⁻ Take advantage of equity market windows
* Exchange Rate:
⁻ Weighted average range 18.75 – 19.25
* Approved Distribution Range:
⁻ 1.04 – 1.05 per CBFI
2018 Guidance7
0.60
0.70
0.80
0.90
1.00
1.10
4Q1
4
1Q1
5
2Q1
5
3Q1
5
4Q1
5
1Q1
6
2Q1
6
3Q1
6
4Q1
6
1Q1
7
2Q1
7
3Q1
7
4Q1
7
1Q1
8
2Q1
8
3Q1
8
4Q1
8
Historical Distribution and Guidance
Quarterly Distribution Annualized
Guidance
Year Distribution
1.05
1.04
16
Leverage8
* Balance Sheet Strategy:
⁻ Loan to Value: 25% - 30% (↓ 35%)
⁻ Cash: to support operation, reducing negative carry
* Market Conditions:
⁻ Interest Rates in USD ↑
⁻ Short term interest rates in Pesos similar to cash on cash of buildings
⁻ Positive carry of leverage due to USD denominated rents in FibraMty
* Strategy:
⁻ Today’s Loan to Value
(estimated after distributions and some expenses): 25%
⁻ LTV with additional leverage and announced acquisitions: 27%
⁻ Stretch Loans Durations