3q17 quarterly results conference call fideicomiso f/2157...

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October 26, 2017

3Q17 Quarterly Results Conference CallFideicomiso F/2157 – FMTY14

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August 2017 issuance highlights1

Original amount: up to 121.457 million CBFIs, or Ps. 1.5 billion, including greenshoe option.

Final amount: Ps. 1.489 billion.

Price: Ps. 12.35 per CBFI.

Capital increase was carried out

by means of the first follow-on under an “ATM” program of Ps. 10 billion

approved last may 24, 2017.

This is the first authorized program for recurrent issuer

by the CNBV.

The objective of the subscription was to increase equity in order to

fund acquisitions of investment propertiescurrently being negotiated.

The program will allow Fibra Mty

to optimize both cost and time for subsequent issuances

for new acquisitions.

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Cuauhtemoc Building – Highlights

• Consists of a sale and

leaseback of a single

tenant office building

located in Monterrey.

• A total of 10,294 m2

of GLA.

• The lease is an absolute

NNN, denominated

in Mexican Pesos.

• Seller/tenant is a financial institution, part of a Mexican publicly-traded

company.

• The initial lease term is of 15 years.

• Purchase price was Ps. 375.0 million.

• NOI following twelve months of Ps. 32.4 million.

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• 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.

• First two installments will be of Ps. 121.4 and Ps. 93.0

million pesos in Nov. 2017 and Jan. 2018.

• Occupied space is expected to generate NOI of Ps. 10.8 and Ps. 8.1 million pesos.

• Remaining space will be acquired at a 9.65% annual cap rate.

Patria Building – Highlights3

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State of the Portfolio4

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








HUIXQUILUCAN, MEX 15,137

32. Fortaleza 15,137

CIUDAD JUAREZ, CHIH 4,520

8. Cuadrante 4,520

GUADALAJARA, JAL 11,605

34. Redwood 11,605QUERETARO, QRO 21,897

20. Santiago 16,497

35. Catacha #2 5,400

MONTERREY, NL 221,828

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

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State of the Portfolio – Key Performance Indicators (as % of income)5

54.2%41.9%

3.9%

Asset Class

Office Industrial Retail

0.5%4.5% 5.9%

20.7%16.0%

10.3%7.7% 6.5%

0.1%

11.5%

4.9% 3.0%0.0%

3.6%0.6%

4.2%

0.5% 5.0%10.9%

31.6%

47.6%57.9%

65.6%72.1% 72.2%

83.7% 88.6% 91.6% 91.6% 95.2% 95.8% 100.0%

2017 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 5.8 years. More than 68% or income starts expiring in 2021

55.4%

12.3%

10.0%

7.2%

6.4%

8.7%

Location

NL SLP Coah Jal Chih Other

93.5%

6.5%

Occupancy

Leased Available

64.9%

35.1%

Currency

USD MXN

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State of the Portfolio (major tenants and economic activity, as % of income)6

3.5%

3.6%

3.8%

3.8%

4.2%

4.5%

4.6%

4.7%

4.8%

5.6%

Epicor

Danfoss

Accenture

PWC

Famsa

Axtel

Cemex

Central Star Logistics

Oracle

Crisa

Major Tenants

3.3%

4.2%

4.5%

5.5%

6.8%

7.8%

11.9%

16.2%

17.6%

22.2%

Logistics

Electronics

Communications

Financial Services

Other

Consumer Products

Services

Automotive

Technology

Industrial

Economic Sectors

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Thousands of Pesos 3Q 2017 2Q 2017 Δ%/p.p.

Number of Properties (1) 34 34 0.0%

Gross Leasable Area (GLA) sqm 398,889 398,889 0.0%

Occupancy Rate (GLA) 95.7% 95.9% (0.2 p.p).

Same-Property Income 180,456 185,494 (2.7%)

Same-Property Operating Expenses (26,123) (25,907) 0.8%

Same-Property Net Operating Income (NOI) (2) 154,333 159,587 (3.3%)

Same-Property NOI Margin 85.5% 86.0% (0.5 p.p.)

Income from acquisitions/construction 29,754 10,674 178.8%

Operating Expenses from acquisitions/construction (2,103) (448) 369.4%

NOI from acquisitions/construction 27,651 10,226 170.4%

NOI Margin from acquisitions/construction 92.9% 95.8% (2.9 p.p.)

Total Fibra Mty Income 210,210 196,168 7.2%

Total Operating Expenses (28,226) (26,355) 7.1%

Total NOI 181,984 169,813 7.2%

Total NOI Margin 86.6% 86.6% 0.0 p.p.

Portfolio performance7

(1) Same-Property comparison excludes the Huasteco Portfolio, Catacha 2 and Cuauhtémoc properties.

(2) Same-Property NOI decreases 3.3% mainly due to the appreciation of the Peso against the Dollar driving a reduction of Ps. 6,101 thousand pesos in revenues, and was slightly offset by an increase of Ps. 1,065 thousand that primarily stemmed from rent increases due to inflation per the contracts of certain properties

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8 Selected Financial Information

Thousands of Pesos MXN(except figures per CBFI)

3Q17 2Q17 1Q17 4Q16 3Q16Δ%

3Q17 vs 2Q17Δ%

3Q17 vs 3Q16

Gross Income 210,210 196,168 200,792 188,283 157,552 7.2% 33.4%

Properties Expenses(net from Capex as Opex)

(28,226) (26,355) (24,386) (23,111) (17,415) 7.1% 62.1%

Net Operating Income(NOI)

181,98486.6%

169,81386.6%

176,40687.9%

165,17287.7%

140,13788.9%

7.2% 29.9%

G&A Expenses (18,506) (18,262) (18,783) (17,221) (16,346) 1.3% 13.2%

EBITDA163,47877.8%

151,55177.3%

157,62378.5%

147,95178.6%

123,79178.6%

7.9% 32.1%

FFO FFO per CBFI (1)

147,0530.247

129,8200.263

139,9110.289

125,9820.261

118,1300.245

13.3%(6.1%)

24.5%0.8%

AFFO AFFO per CBFI (1)

144,5640.244

126,5280.256

132,4110.274

124,4850.258

115,1790.239

14.3%(4.7%)

25.5%2.1%

(1) 3Q17 Financial Highlights per CBFI consider 515,130.292 thousand CBFIs in July and 635,500.587 thousand CBFIs in August and September.

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0.65

0.70

0.75

0.80

0.85

0.90

0.95

1.00

1.05

1.10

4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17

AFFO/CBFI (quarterly annualized) Distribution/CBFI (annual, actual)

AFFO/CBFI (annual, guidance low-end) AFFO/CBFI (annual, guidance high-end)2

Fibra Mty evolution of distributions9

3q17 quarterly results conference call fideicomiso f/2157...

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