Pphe Hotel Group Limited · LSE:PPH
Pphe Hotel — Investor Presentation (June 2012)
29 slides from Pphe Hotel's investor presentation, June 2012
Slide 1: Introduction to PPHE Hotel Group
Introduction to PPHE Hotel Group June 2012
Slide 2: Important Notice
IMPORTANT NOTICE By attending the meeting where this presentation is made, or by reading this document, you agree to be bound by the limitations set out below. This presentation does not constitute an offer or invitation for the sale or purchase of any securities of PPHE Hotel Group Limited (PPHE) o
Slide 3: Portfolio of Hotels
Portfolio of Hotels Europe Middle East Belfast Leeds Amsterdam Nottingham Eindhoven Cardiff Cologne Berlin area Tel Aviv, Israel London Utrecht Dresden Trier Nuremberg Asia Budapest Istria Park Plaza® Hotels & Resorts art’otel® Arenaturist Pattaya Bay, Thailand Development 3 Introduction to PPHE Hot
Slide 4: PPHE Hotel Group
PPHE Hotel Group • PPHE Hotel Group is a Main Market listed owner, operator and franchisor of hotels Who we are • Operating since 1989, the Company is focused on offering affordable luxury hotels • 38 owned, leased, operated and franchised hotels and apartment complexes in Europe, the Middle East, A
Slide 5: Introduction
Introduction • High quality portfolio of 38 hotels with an attractive geographical spread • Three distinct brands (Park Plaza® Hotels & Resorts, art’otel® and Arenaturist) targeted at distinct demographic groups: 1. Park Plaza® Hotels & Resorts = affordable luxury, targeted at business and leisure t
Slide 6: Operational Strategy and Corporate Strategy
Operational Strategy • Improving our overall performance through innovative revenue generation and marketing • Improving operational performance through better service quality • Utilising our partnership with the Carlson Rezidor Hotel Group to promote our business and further grow revenues Corporate
Slide 7: Leveraging Carlson relationship
Leveraging Carlson relationship • Carlson is the 9th largest hospitality and travel company in the world with over 40,000 travel agencies as part of their network • Exclusive licence agreement with Carlson for the Park Plaza® Hotels & Resorts brand in 56 countries across the EMEA • Leveraging the ne
Slide 8: History of Growth
History of Growth 38 18 8 5 6 3 4 1 1 1 1989 1995 2000 2005 2011 Number of countries Number of operational hotels 8 Introduction to PPHE Hotel Group | April 2012
Slide 9: Diversified Revenue Mix
Diversified Revenue Mix Operated without, or 4 with minority, ownership interest 5 14 Ownership of 50% or more Operating leases 8 Projects (all ownership of 50% or more) 12 Franchise agreements 9 Introduction to PPHE Hotel Group | April 2012
Slide 10: Development pipeline
Development pipeline Project Location Operating No of Status structure rooms Park Plaza Histria Pula Pula, Croatia Co-owned and 241 Expected to management contract open 2012 Park Plaza Verudela Pula Pula, Croatia Co-owned and 385 Expected to management contract open 2012 Park Plaza Medulin Medulin,
Slide 11: Focus on Gateway Cities
Focus on Gateway Cities • Focus on providing affordable luxury in major gateway cities and European regional centres • Customers, particularly business travellers, benefit from PPHE Hotel Group’s full service offering of restaurants and business centres • Gateway cities’ focus is key given current e
Slide 12: Portfolio of Brands
PORTFOLIO OF BRANDS • Park Plaza® Hotels & Resorts • art’otel® • Arenaturist
Slide 13: Park Plaza Hotels & Resorts
Park Plaza® Hotels & Resorts Typical size: 100-300 rooms Concept: Design-led properties offering a blend of technology and comfort “Full Service” four-star and four-star deluxe Target customers: Business and leisure travellers Location: Key European leisure and business destinations Accessibility: I
Slide 14: art'otel
art’otel® Typical size: 100-200 rooms Concept: Fusion of travel, architecture and contemporary art Lifestyle hotels Target customers: Professionals and leisure travellers with an interest in arts & culture Location: European leisure and business destinations Accessibility: Easy access to transport l
Slide 15: Arenaturist, Istria Croatia
Arenaturist, Istria Croatia • One of Croatia's best known hospitality groups • Operated with 15%-20% ownership interest • Includes eight hotels and five apartment complexes • Mix of leisure product offering • Catering primarily for holidaymakers • Accommodation located in or close to Pula or Medulin
Slide 16: Hospitality Offering
Hospitality Offering
Slide 17: Hospitality Offering
Hospitality Offering • Hospitality Offering includes conferencing facilities, restaurants and bars: - Cross selling opportunities through Club Carlsonsm and Club Carlson for Business - Provided in excess of 25% of Company’s revenues • Facilities offered: - 254 meeting room in 27 hotels - Meeting spa
Slide 18: Restaurant and Bar Facilities
Restaurant and Bar Facilities 18 Introduction to PPHE Hotel Group | April 2012
Slide 19: Case Study: Park Plaza Westminster Bridge, London
Case Study: Park Plaza Westminster Bridge, London • One of the largest hotels in London with 1,019 rooms • PPHE Hotel Group acquired control of Park Plaza Westminster Bridge in 2008 • Financed acquisition through the sale of 535 units to third party investors • Fully opened in September 2010, first
Slide 20: Financial Review
Financial Review
Slide 21: Financial Information
Financial Information FY 2011 FY 2010 FY 2009 €’000 €’000 €’000 Consolidated statement of operations Revenues 202,380 139,829 80,326 EBITDAR 75,029 46,447 26,144 EBITDA 65,050 37,633 16,244 Profit/ (loss) before tax for the period 10,634 60,482 (7,160) Normalised profit before tax 13,607 6,084 (7,16
Slide 22: Operational Results
Operational Results FY 2011 FY 2010 FY 2009 €’000 €’000 €’000 Room revenue 139,030 93,357 49,923 Food and beverage revenue 52,408 36,018 19,387 Minor operating revenue 3,516 2,504 1,637 Management fees1 3,214 4,602 5,518 Franchise fees and reservations fees 1,575 2,297 2,858 Marketing 2,184 813 745
Slide 23: Revenue (in Million €)
Revenue (in Million €) 202,4 Management and 7,4 Holding Operations 30,2 157,4 139,8 7,4 24,8 Germany & Hungary 7,7 29,1 27,7 97,1 23,8 93,4 7,4 9,3 80,3 22,8 8,1 The Netherlands 29,6 27,9 140,0 23,4 22,4 23,0 97,1 19,8 81,6 37,7 33,2 29,0 United Kingdom FY 2007² FY 2008 FY 2009 FY 2010 FY 2011 FY201
Slide 24: EBITDA (in Million €)
EBITDA (in Million €) FY 2011 -1,0 47,5 7,8 10,7 65,0 Actual FY 2011 -0,8 34,8 7,7 10,7 52,4 LfL¹ FY 2010 -0,3 24,5 7,6 5,8 37,6 United Kingdom FY 2009 -3,7 11,3 6,5 2,1 16,2 The Netherlands FY 2008 -1,4 11,1 8,4 7,3 25,4 Germany & Hungary FY 2007 -0,3 12,7 8,3 7,7 28,4 Management and Holding Operat
Slide 25: Balance Sheet 2011 highlights
Balance Sheet 2011 highlights Item €’000 Hotel properties (book value) 610,881 Hotel properties (fair value) 721,831 Bank loans 418,128 Cash and cash equivalents 31,005 25 Introduction to PPHE Hotel Group | April 2012
Slide 26: Appendix
Appendix
Slide 27: Board of Directors
Board of Directors Eli Papouchado (74) Boris Ivesha (66) Chen Moravsky (41) Non-Executive Chairman President and Chief Executive Officer Chief Financial Officer Kevin McAuliffe (53) Elisha Flax (50) Nigel Jones (50) Non-Executive Director, Non-Executive Director Non-Executive Director Senior Indepen
Slide 28: Largest Shareholders
Largest Shareholders Number of issued shares 42,677,292 Held in treasury by 1,662,000 PPHE Hotel Group Number of issued shares 41,015,292 (excluding treasury) Largest shareholders Number of shares Percentage of issued share capital (excluding treasury) Red Sea Group¹ 18,552,714 45.23% Molteno Limite
Slide 29: Correspondence
Correspondence PPHE Hotel Group Viñoly Tower, 5th Floor Claude Debussylaan 14 1082 MD Amsterdam The Netherlands T: +31 (0)20 717 8600 F: +31 (0)20 717 8699 E: [email protected] pphe.com