Condor Hospitality Trust — Investor Presentation (November 2020)
11 slides from Condor Hospitality Trust's investor presentation, Nov 19, 2020
Slide 1: November Investor Presentation
Exhibit 99.1 Condor Hospitality Trust, Inc. November Investor Presentation | November 2020 NYSE AMERICAN: CDORExhibit 99.1 Condor Hospitality Trust, Inc. November Investor Presentation | November 2020 NYSE AMERICAN: CDOR
Slide 2: Safe Harbor Statement
Safe Harbor Statement All statements included in this presentation, other than statements of historical fact, are or may be deemed to be “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking stateme
Slide 3: November 2020 Update
November 2020 UpdateNovember 2020 Update
Slide 4: Modified Bank Loan Facility and Bridge Loan Terms
Modified Bank Loan Facility and Bridge Loan Terms Condor has been successful in working with the Bank Condor has closed a Bridge Loan with the Group to favorably modify several key terms of the (1) following key terms : (1) loan facility : § Loan maturity extended to 1/2/2023§ Loan maturity 1/2/2023
Slide 5: Proforma Liquidity Position
Proforma Liquidity Position Condor has $18.8 million of liquidity excluding reserves account balances on a proforma basis assuming loan modification closed on 10/31/2020 Condor Liquidity Proforma 10/31/2020 (in 1,000’s) 20,000 18,000 16,000 14,000 12,000 10,000 $18,800 8,000 $14,300 6,000 4,000 $4,5
Slide 6: Cash Burn Analysis
Cash Burn Analysis • Positive Adjusted Corporate EBITDA for the quarter contributed to debt service • The cash burn for the full third quarter reduced to approximately $1.4 million • Proforma liquidity would cover in excess of 3 years at the Q3 burn rate in the absence of improved RevPAR • Depending
Slide 7: Condor Debt Maturity Profile
Condor Debt Maturity Profile Condor has a reasonable amount of time for hotel demand to continue recovering before debt needs to be refinanced: Condor Debt Maturity Profile (in 1,000’s) 140,000 (3) $126,613 120,000 100,000 80,000 60,000 40,000 20,000 (1) $25,463 (2) $14,114 $8,485 0 2020 2021 2022 2
Slide 8: Assets: Highest-Quality Portfolio of Select-Service Upper Midscale and Upscale Assets
Assets Highest-Quality Portfolio of Select-Service Upper Midscale and Upscale Assets in Secondary Markets Aloft Atlanta, GA Courtyard Jacksonville, FL Hotel Indigo Atlanta, GA Aloft Leawood, KS SpringHill Suites San Antonio, TX Rooms: 254 Rooms: 120 Rooms: 142 Rooms: 156 Rooms: 116 Acquired: August
Slide 9: Appendix C | Non-GAAP Reconciliation
Appendix C | Non-GAAP ReconciliationAppendix C | Non-GAAP Reconciliation
Slide 10: EBITDA, EBITDAre, Adjusted EBITDAre, and Hotel EBITDA
Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”), EBITDAre, Adjusted EBITDAre, and Hotel EBITDA We calculate EBITDA, EBITDAre, and Adjusted EBITDAre by adding back to net earnings or loss certain non-operating expenses and certain non-cash charges which are based on histori
Slide 11: Non-GAAP Reconciliation: Hotel EBITDA and Adjusted Corporate EBITDA
Non-GAAP Reconciliation: Condor Hospitality Trust, Inc. Hotel EBITDA and Adjusted Corporate EBITDA The preliminary results below for the months ending July 31, 2020, August 31, 2020 and September 30, 2020 are based solely on currently available information, which is subject to change. Readers are ca
Condor Hospitality Trust — Investor Presentation (November 2020) on 6ix