Instuonal Investors Presentaoncdn.investorcloud.net/fibramty/InformacionFinanciera/...2015/11/01 · PWC Cleber Danfoss Mary Kay CVG High Quality Porolio Key performance indicators*

1

November,2015

Ins$tu$onalInvestorsPresenta$on

2

HighlightsoftheIni8alPublicOfferingAboutFibraMtyCompanyOverview

Fibra Mty is a diversified real estate investment trust

The Company’s strategy is based mainly on the acquisition, administration, development and operation of corporate properties in Mexico, particularly office and industrial properties

Fibra Mty’s portfolio consists of 7 office buildings, 9 industrial properties and 5 commercial properties with an average occupation of more than 97%, located in 5 states

The Company announced and is in the process of integrating 3 office buildings, 16 industrial properties and 1 commercial properties for a total of 41 properties in 11 markets across 7 states

In 2014 the Company did a MX$2,012 million (~US$140 million) initial public offering (IPO)

IPO’s use of proceeds were mainly for the acquisition of trustee rights of the initial contribution portfolio and general corporate purposes

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Forma8onoftheFIBRA

OtherSponsors

Investors

UseofProceeds(MXN$million)

DesarrollosDelta 96.1millionCBFIs(32.4%)$743.5millioncash

76,736m2ofGLA

Sources

IPO–Including15%greenshoe $2,012 100.0%

Uses

Acquisi8onoftrusteerightsoftheini8alcontribu8onporPolio $1,188 59.1%

IVA,ISAIandnotaryexpenses $374 18.6%

Corporatepurposefunds $292 14.5%

Offeringexpenses $158 7.9%

TotalofUseofProceeds $2,012 100.0%

NineProper$es

132,304m2deGLA

OwnershipaVerIPO

32.4%

9.3%11.0%

47.3%

DesarrollosDelta GarzaSantosTrustOtherSponsors Investors

32.6millionCBFIs(11.0%)$444.8millioncash

55,568m2ofGLA 167.7millionCBFIs(56.6%)$2,012millionescash

Float58.3%

AboutFibraMtyHighlightsoftheforma=onoftheFibra

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9proper8es,mainlyoffice

•  TotalGLA=132,300m2

•  AverageOccupancy=97%

•  Averageage=14years

•  3proper8esatOficinasenelParque(OEP)inMonterrey,including2towersof20and23levels,andPlazaCentralof4levels,withatotalGLAof45,000m2

•  3officeproper8esatCEN333inMonterreywithatotalGLAof31,400m2

•  1officepropertyinCiudadJuárezwithaGLAof4,400m2

•  1industrialpropertyinMonterreywithatotalGLAof30,600m2(Danfoss)

•  1industrialproperty,withhighreposi8oningcapacity,inMonterrey,withatotalGLAof17,260m2(Cuprum)

Ini$alPorYolio

UniqueFIBRAFocusedonOfficeProper8esandNicheInvestments

Ini$alPorYoliocomprisedbyhighqualityassets,preponderantlyofficeproper$es

(1)  NeorisyGeneralElectriclocatedinthesamebuilding

Property GLA(000’sm2)

NOI(MXN)

NOI%

Occupancy%

RentMXNperm2/month

Class

1 OEPTower2 18.11 52.40MM 21.5% 89.0% $254 Office

2 PlazaCentral 13.35 44.23MM 18.2% 100.0% $242 Office

3 OEPTower1 13.58 40.73MM 16.7% 88.6% $256 Office

4 AxtelHeadquarters 12.39 27.74MM 11.4% 100.0% $185 Office

5(1) NeorisHeadquarters 12.28 24.10MM 9.9% 100.0% $170 Office

6 Danfoss 30.59 19.04MM 7.8% 100.0% $52 Industrial

5(1) GeneralElectric 6.77 12.58MM 5.2% 100.0% $170 Office

7 Cuprum 17.26 8.74MM 3.6% 100.0% $41 Industrial

8 Cuadrante 4.44 8.45MM 3.5% 88.9% $148 Office

9 Atento 3.53 5.43MM 2.2% 100.0% $128 Office

Total/Average(2) 132.30 243.44MM 100.0% 97.0% $153

AboutFibraMtyIni=alcontribu=onpor@olio

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AlignedCorporateGovernance

HighQualityPorYolio

BalancedCapitalStructure

SteadyandDisciplinedGrowth

FibraMtyStrategicFundamentalsoftheBusinessPlanThefirstinternallymanagedandadvised,fullyalignedFibrainMexico

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AlignedCorporateGovernanceInternalmanagementstructure

FirstFibrainMexicowitha100%internallymanagedandadvisedstructure

ü  Therearenoadvisoryoracquisi8onfeesforthemanageroftheFibra

ü  Completelytransparentstructure,alignedaccordingtointerna8onalstandards

ü  Themanageranditsexecu8vesandemployeesdependen8relyontheFibra

IssuerTrust2157(Invex)

AdministradorFibraMTY,S.C.(Manager)

OfficeProper$es

OtherProper$es

Ini$alContribu$ngTrusteescontributetheini$alcontribu$onporYolio

TechnicalCommideeandothercorporate

organs

Tenants

Ini$alContribu$ngTrusteesandSellers Market

99.9%ownership

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Themanagementen<tybelongstoFibraMtyandthereforedoesnochargeforanykindoffees……andresul<ngbenefitsfromeconomiesofscaleremainwiththeinvestors

*Source:prospectus,filingsandannualreportsofeachFibra

AdvisoryandPlanning - ✖ ✖ - ✖ ✖ ✖ ✖ -

AssetManagement - ✖ - ✖ ✖ - - ✖ ✖

Incen$vestotheAdvisor - - - ✖ - ✖ - - ✖

DevelopmentorAcquisi$ons - ✖ - - - - - - ✖

AlignedCorporateGovernanceTangiblebenefitsfortheshareholders

8

AlignedCorporateGovernanceExperiencedmanagementteam

FedericoGarzaSantosPresidentoftheTechnical

CommiCee

•  Morethan20yearsofexperienceinrealestatedevelopmentandmanagement

•  Memberofmul8pledirectorboards,includingpublicandrealestatefirms

•  IndustrialandsystemsengineerfromTecofMonterrey

JorgeÁvalosCarpinteyroChiefExecu<veOfficer

•  Morethan20yearsofexperienceinthefinancialsector

•  NorthernregionaldirectorforBancoInvex

•  Cer8fiedpublicaccountantfromITAM,MBAfromDallasUniversityandtopmanagementcer8fiedcoursefromIPADE

JavierLlacaGarcíaChiefOpera<ngOfficer

•  Morethan20yearsofexperienceintherealestatesector

•  14yearsatJonesLangLaSalleasexecu8vevicepresident

•  Electronicandcommunica8onsengineerfromTecofMonterrey

JaimeMarjnezTriguerosChiefFinancialOfficer

•  Morethan24yearsofexperienceincapitalmarkets

•  Privatebankingdirector,fundandplanningmanageratVectorCasadeBolsa

•  EconomistfromITAMandCuentaconestudiosenEconomíadelITAMtopmanagementcer8fiedcoursefromIPADE

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CorporateGovernanceValua$onSystem

Component MaximumScore

BoardRa$ng

Non-staggeredBoard 20

IndependentBoard 5

InvestmentsbyBoardmembers 5

Pastconduct/reputa8on 25

Total 55

An$-TakeoverWeapons

StateAn8-takeoverProvisions 12

OwnershipLimits 5

VetoPowersbyInsiders 8

ShareholderRightsPlan 10

Total 35

Poten$alConflictsofInterest

BusinessDealingswithManagement 6

DivergentTaxBasisofInsiders 4

Total 10

Calificacióndelgobiernocorpora$vo 100

WorldClassCorporateGovernance;thoroughinternalcontrol

GreenStreetAdvisorswasretainedasconsultantinthedesignofcorporategovernanceand

bestprac$cesofFibraMty

Alignment of Fibra Mty with the guidelines of corporategovernance:

•  Structureinternallymanaged

•  MembersoftheTechnicalCommileearera8fiedannually

•  IndependentmajorityintheTechnicalCommilee

•  Certain members of the Technical Commilee havesignificantinvestmentsinFibraMty

•  No person can acquire 10% ormore of the CBFIs withoutpriorapprovalfromtheTechnicalCommilee

•  Therearenospecialrightsforcontrolshareholders(exceptthe fact that Desarrollos Delta can hold a posi8on in theTechnicalCommileewith5%ownershipoftheequity)

•  Anymember of the Technical Commilee with a poten8alconflictof interest regardinganydecisionsubmiledto theTechnical Commilee should excuse himself/herself fromthediscussionandvo8ngofsuchdecision

Source:Debt,AgencyandManagementContractsinREITs:TheExternalAdvisorPuzzle.Capozza&Seguin1998.PreparedbyFibraMtywithinforma8onofGreenStreetAdvisors®

TheUSREITSthatareinternallymanagedexceed7%totalreturnthantheonesthatareexternallymanaged*

AlignedCorporateGovernanceInterna=onalbestprac=ces

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AlignedCorporateGovernanceHighqualityandcommiJedmembersofthetechnicalcommiJee

FedericoGarzaSantosChairman

EugenioClariondReyes

TBA

GuillermoBabatzTorres

AlbertoTerrazasSeyffert

•  HasbeenmanagingdirectorofInsuranceandsecuri8esatSHCP,managingdirectorofSociedadHipotecariaFederal,andpresidentofCNBV(MexicanSEC)

•  ChairmanoftheBoardofSco8abankMéxico•  EconomistfromITAMandEconomyPhDfromHarvard

•  Morethan20yearsofexperienceasdevelopmententreprenuer•  Memberoftheboardofdirectorsofmul8pleins8tu8onsacrossMexico•  IndustrialandsystemsengineerfromITESM

•  ChairmanoftheBoardofGrupoCuprum•  ChairmanoftheBoardofGrupoCleberandGrupoFMCCapital•  MemberoftheboardofdirectorsatITESM•  BusinessandMBAfromITESM

BernardoGuerraTreviño

•  Execu8vePresidentofGrupoCopachisa•  MemberoftheboardofGrupoRuba,GrupoGCC,BBVAandBanorte.•  ChairmanofDesarrolloEconomicodeChihuahuaAC.•  IndustrialandsystemsengineerfromITESM

•  ChiefOpera8ngOfficerandfounderofMGCapital•  MemberoftheboardofAxtel•  AlternatememberoftheboardatPromotoraAmbiental,SABdeCV(PASA)andmemberoftheboardofBancoAhorroFAMSA•  IndustrialengineerfromITESM

•  Execu8veDirectorofRiskManagementatInverCap•  BroadexperienceonfinancialandriskmanagementfielsatVector,Cemex,MerrillLynchandBanamex•  FounderofTalousConsul8ngServices•  EconomistfromITESMandeconomistandMBAfromMIT

JuanCarlosCalderónGuzmán

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HighQualityPorYolioGeographicdiversifica=on

Ini8alcontribu8onporPolio

Executedacquisi8ons

Acquisi8onsinprocess

CIUDADJUAREZ,CHIH9.  Cuadrante

CUAUHTEMOC,CHIH18.  Monza#3

LOSMOCHIS,SIN12.  Casona#3

PARRAL,CHIH11.  Casona#2

CHIHUAHUA,CHIH10.  Casona#116.  Monza#117.  Monza#232.  Monza#5

DELICIAS,CHIH19.  Monza#4

MONTERREY,NL1.  OEP–Torre12.  OEP–Torre23.  OEP–PlazaCentral4.  CEN|333–Axtel5.  CEN|333–Neoris/GE6.  CEN|333–Atento7.  Danfoss8.  CuprumVentanas

15.  Catacha

31.  Nico#141.  Prometeo

QUERETARO,QRO20.  San8ago

SANLUISPOTOSI,SLP21.  Huasteco#122.  Huasteco#223.  Huasteco#324.  Huasteco#425.  Huasteco#526.  Huasteco#627.  Huasteco#728.  Huasteco#829.  Huasteco#930.  Huasteco#10

IRAPUATO,GTO13.  Casona#414.  Casona#5

SALTILLO,COAH.33.  Providencia#134.  Providencia#235.  Providencia#336.  Providencia#437.  Providencia#538.  Providencia#639.  Providencia#740.  Providencia#8

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49%45%

6%

ByAssetType

Office Industrial Retail

61%15%

11%

8%

2%

2%1%

ByLoca$on

NL SLP Coah Chih Qro Sin Gto

86%

14%

ByCurrency

USD MXN

2%

21%

23%13%

28%

13%

ByExpira$on(years)

0-1 1-3 3-5 5-7 7-10 10+

97%

3%

Occupancy

Leased Available

6.0%

5.0%

5.0%

4.5%4.4%

4.2%

4.0%

3.8%

3.5%3.3%

MainTenants(43.8%)

Crisa CSL Neoris Axtel GE

PWC Cleber Danfoss MaryKay CVG

HighQualityPorYolioKeyperformanceindicators*(as%ofNOI)

*FiguresconsiderFollowingTwelveMonths(FTM)ofaggregatepor@olioexpectedtobeconcludedduring1Q2016

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2.1%5.3%

9.6%6.0%

3.1%

20.2%

10.5%

2.2%

9.9% 12.0%6.2% 6.1%

1.4% 0.0% 0.0%4.1%

1.2%

2.1% 7.5%17.0%

23.1% 26.2%

46.3%56.9% 59.1%

69.0%80.9%

87.1%93.2% 94.6% 94.6% 94.6% 98.7% 100.0%

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

Leaseagreementsexpira$onprofile

Expira8on Accumulated

Morethan73%ofNOIstartsexpiringon2020

$557.6$265.3 $28.8 $3.2

$22.6 $11.0 $6.9

$83.6$34.2

$67.8$34.2

132,698172,366 177,366 195,545 212,042 218,042

314,255357,555

440,100 448,235

Ini8alPorPolio Casona Catacha Monza San8ago Milwaukee1 Huasteco Nico1 Providencia Prometeo Total

FibraMty–HistoricalporYolioevolu$onEs<matedannualNOIinmillionpesosvs.GLAinsquaremeters

+110.2%+237.8%

HighQualityPorYolioEvolu=onofpor@olioandexpira=onprofile

14

0.4%

0.5%

0.7%

0.7%

1.2%

1.2%

1.6%

1.9%

3.2%

4.4%

5.7%

7.2%

11.3%

13.5%

15.0%

15.3%

16.2%

Other

Energy

Agropecuary

PublicSector

Commerce

MetalMechanic

FinancialServices

IndustrialGas

Construc8onandDevelopment

ConsumerProducts

Electronics

Communica8ons

Services

Logis8cs

Automo8ve

Technology

Industry

Economicsectors(as%ofNOI)

HighQualityPorYolioDiversifiedworldclasstenants

15

BalancedCapitalStructureEquilibriuminbehalfofdistribu=ons

BalancedStructure ExcessofLiquidity ExcessofLeverage

-Distribu<ons+

-Frequ

ency+

Basisforanadequatecapitalstructure:

•  Lowlevelofcash

•  Targetleverageof30%to35%LTV,nomorethan40%LTV

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•  According to studies(2), internallymanaged REITs exceed in7%annuallythereturnofexternallymanagedREITs

•  Theaveragemarket cap sizeof internallymanagedREITs isapproximately US $5 billion, being the market cap of thelargest one approximately US $62 billion, while externallymanagedREITsaverageamarketcapofUS$1.3billionandthelargestoneisUS$4.5billioninsize(3)

•  In terms of market cap size, internally managed REITsrepresentmorethan97%oftotalUSmarket(4).

(1)RealEstateInvestmentTrusts:TheUSexperienceandlessonsfortheUK.IPFResearchProgramme2006-2009andGreenStreetAdvisors.(2)Debt,AgencyandManagementContractsinREITs:TheExternalAdvisorPuzzle.Capozza&Seguin1998.(3)and(4)GreenStreetAdvisors.

ü  Executed acquisi8ons generate a posi8ve effect onmargin, reducing thepropor8onofexpenses in termsofpercentageofrevenue/assetvalue

û  Expenses of externally managed Fibras increaseaccording to the scale of asset as there is a directrela8onbetweenfeesandsize

ü  In an internally managed Fibra value belongs to theFibra, and increase of expenses is marginal as apropor8onoftheincreaseofrevenue

ExpensesofaFibra

FIBRAReven

ue

Expensesofa

nExternalFIB

RA

MarginalexpensesincreaseofanInternalFibra

EconomiesofscalesofanInternalFIBRA

Impactfromexpenses

48%

26%

10% 9%

1986 1992 2005 2014

ExternallyManagedREITsintheUS(1)

SteadyandDisciplinedGrowthBenefitsoftheeconomiesofscaleofFibraMty

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•  Corporate Office: Main markets in the Country, includingMonterrey,Guadalajara,Bajío,SinaloaandtheMetropolitanAreaofMexicoCity.

•  Backoffice: investments in projects that are anchored by arelevantcorporateuserorsmallgroupofcorporateusers.

•  Build to Suit Projects : Development and construc8on ofbuildings designed to be fully or par8ally occupied by highqualityandinvestmentgradeusers.

•  SaleandLeasebacks:Investmentsaimedtoacquireandleasebuildingtohighqualityandinvestmentgradecompanies.

•  Proper$eswithanadrac$verisk-returnra$o.

•  Proper$eswithahighpoten$alforre-posi$oningorre-development.

•  High return proper$es: Low opera8ng/management costandtripenet(NNN)provisions(1).

•  Build to Suit Projects : Development and construc8on ofbuildings designed to be fully or par8ally occupied by highqualityandinvestmentgradeusers.

•  Sale and Leasebacks: Investments aimed to acquire andlease building to high quality and investment gradecompanies.

OfficeSector OtherSectors(Industrial,Retail,Services)

•  Toexecuteaccre$veinvestmentsthateffec8velyincreaseourcashflowpershare,orthatstrengthenthestructureofourexis8ngporPolios

•  Toinvestoncorporaterealestateassetsandoncapitalinvestmentsonexis8ngproper8estoreinforceandincreasethereturnofourporPolio

•  Toinvestofspecificprojectsthatwillprivilegethestabilityofourdividend

(1)Triplenet:Thetenantpaysnotonlyforrent,butforopera=ngexpenses,insuranceandpropertytaxes.

SteadyandDisciplinedGrowthConsistentanddefinedinvestmentguidelines

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10.86%

4.39% 2.61%

-0.85% -1.64%

-10.89%

-16.29%

-10.22%

-23.16%

FMTY TERRA DANHOS FIBRAPL FINN FIBRAMQ FUNO FSHOP FIHO

TotalReturn(Price+Dividend)–asof09/30/2015

GeneralConsidera$onsTotalreturnasofSeptember30(YTD2015)

TotalReturnasof09/30/15 FMTY TERRA DANHOS FIBRAPL FINN FIBRAMQ FUNO FSHOP FIHO

$12.20 $30.87 $36.33 $27.29 $15.75 $25.27 $43.48 $19.50 $22.96

$12.94 $30.77 $35.72 $25.93 $14.93 $21.35 $34.91 $16.76 $17.00

6.07% -0.32% -1.68% -4.98% -5.21% -15.51% -19.71% -14.07% -25.96%

$0.1888 $0.4888 $0.4800 $0.3158 $0.1797 $0.3625 $0.4921 $0.2333 $0.2074

$0.1790 $0.4956 $0.5800 $0.3750 $0.2021 $0.3800 $0.4934 $0.2482 $0.2204

$0.2175 $0.4713 $0.5000 $0.4377 $0.1803 $0.4250 $0.5005 $0.2693 $0.2153

$0.5853 $1.4557 $1.5600 $1.1285 $0.5621 $1.1675 $1.4860 $0.7508 $0.6431

4.80% 4.72% 4.29% 4.14% 3.57% 4.62% 3.42% 3.85% 2.80%

10.86% 4.39% 2.61% -0.85% -1.64% -10.89% -16.29% -10.22% -23.16%

6.72% 6.13% 5.60% 6.75% 4.83% 7.96% 5.73% 6.43% 5.07%Dividend3Q15/LastPriceof3Q15(annualized)

AccumulatedDividedfor2015

PercentageofAccumulatedDividend

TotalAccumulatedReturnasof09/30/15

Dividendannouncedfor3Q2015

PriceofCBFIasof01/01/15

PriceofCBFIasof09/30/15

ChangeinPriceofCBFI



Source:PreparedbyFibraMtywithinforma=onofBolsaMexicanadeValores(BMV)

19

GeneralConsidera$onsSelectedfinancialinforma=on(thousandsofpesos)

(inthousandsofPesos) 1T15 2T15 3T15Δ%/p.p.

3T15vs2T15

TotalRevenue 76,013 81,967 92,999 13.5%

NetOperatingIncome(NOI) 67,349 69,946 80,704 15.4%

NOIMargin% 88.60% 85.33% 86.78% 1.5p.p.

EBITDA 56,266 58,672 66,803 13.9%

EBITDAMargin% 74.02% 71.58% 71.83% 0.2p.p.

NetConsolidatedIncome 59,677 57,509 59,258 3.0%

FFO 58,336 58,794 68,423 16.4%

FFOperCBFI 0.1970 0.1940 0.2260 16.5%

FFOperCBFIAnnualized/Price($12.20) 6.46% 6.36% 7.41% 1.05p.p.

AFFO 55,836 54,152 65,923 21.7%

AFFOperCBFI 0.1880 0.1790 0.2180 21.8%

AFFOperCBFIAnnualized/Price($12.20) 6.16% 5.87% 7.15% 1.28p.p.

20

GeneralConsidera$onsSelectedeconomicinforma=on–La=nAmericaregion

Source:TheWorldBank,GDPgrowth(annual%)

-6.0%

-3.0%

0.0%

3.0%

6.0%

9.0%

12.0%

Argen8na Brazil Chile Colombia Mexico Panama Peru Venezuela LatAm World

La$nAmericaGDPGrowth(%,year-on-year)

2010 2011 2012 2013 2014

21

GeneralConsidera$onsSelectedeconomicinforma=on–Mexico

Source:Ins=tutoNacionaldeEstadís=ca,GeogradaeInformá=ca(INEGI)

5.88%5.55%

5.32%5.07%

4.85%4.75%

4.36%4.08%4.03%

3.89%3.80%

3.65%3.54%3.47%3.47%

3.30%3.28%3.25%3.24%

3.10%3.08%3.04%3.00%

2.76%2.50%2.46%2.43%

2.31%2.29%2.25%

2.12%1.53%

1.40%

QroQRNLAgsGtoZacSonSLPBCSChihJal

NayCoahBCYuc

TampsPueMex

AverageMichHgoSinDFColVerTabDgoTlaxOaxGroMorChis

Camp AnnualStateEconomyGrowthMeasuredasthemediangrowthoftheQuarterlyStateEconomicAc$vityIndicator

(IndicadorTrimestraldelaAc=vidadEconómicaEstatal)publishedbyINEGI

BC SON

BCS

CHIH

COAH

NL

TAMPS

DGO

SIN

ZAC

NAY

JAL

SLP

GTO

AGS

QRO

MICH

HGO

MEX VERPUEMOR

COL

GRO

OAX

CHIS

TAB

CAMP

YUC

QRTLAXDF

22

GeneralConsidera$onsSelectedmarketinforma=on–MajorIndustrialMarkets

$8.93$8.15

$5.56 $5.10 $5.10 $4.95 $4.38 $4.20 $4.20 $4.04 $3.88 $3.81

PanamaCity

SaoPaulo&Campinas

MexicoCity

San8ago BuenosAires

Tijuana GuadalajaraMonterrey Sal8llo Reynosa Juarez Bajio

AverageAskingRateUS/m2/mo

Source:JLL,MexicoIndustrialOutlook,Q22015,andCBRE,MarketviewLa=nAmericaIndustrial,Q42014

Country City/MarketTotalInventoryinsquaremeters


Quarter-to-QuarterRentChange

Year-to-YearRentChange

VacancyRate

Mexico Monterrey 9,555,114 $4.20 0.8% 9.7%

Mexico Juarez 5,838,630 $3.88 12.7% 15.8% 8.8%

Mexico Tijuana 5,496,847 $4.95 2.3% 18.2% 7.0%

Mexico MexicoCity 6,842,933 $5.56 2.0% -3.8% 8.5%

Mexico Bajio 10,130,410 $3.81 -1.0% 1.5% 5.6%

Mexico Reynosa 2,855,125 $4.04 1.4% 9.9%

Mexico Guadalajara 3,602,799 $4.38 -1.1% 3.5% 4.4%

Mexico Saltillo 2,391,922 $4.20 -20.0% 0.2% 4.6%

Brazil SaoPaulo&Campinas 3,982,000 $8.15 -5.8% -12.7% 19.1%

Chile Santiago 2,651,000 $5.10 -28.8% -15.7% 3.4%

Argentina BuenosAires 1,742,000 $5.10 -21.1% -13.6% 14.4%

Panama PanamaCity 796,000 $8.93 2.2% 2.2% 9.5%

23

GeneralConsidera$onsSelectedmarketinforma=on–MexicoIndustrialMarkets

Source:JLL,MexicoIndustrialOutlook,Q22015

Market(YTDQ22015)

TotalStockm2

Availablem2

NetAbsortionm2YTD

VacancyRate

LeaseRateUS/m2/mo

GrowthRate

NewDeliverym2

Aguascalientes 899,242 21,390 313,116 2.4% $3.06 35.7% 321,029

Guadalajara 3,602,799 140,839 1,319,630 3.9% $4.38 38.4% 1,383,475

Guanajuato 4,115,651 73,766 2,184,834 1.8% $3.74 54.0% 2,222,452

Querétaro 3,026,138 287,999 15,362 9.5% $3.67 20.7% 626,411

SanLuisPotosí 2,089,378 63,268 7,839 3.0% $4.19 0.1% 2,089

BajíoMarkets 13,733,208 587,262 3,840,781 4.3% $3.81 33.2% 4,559,425

MexicoCity 6,842,933 292,521 298,527 4.3% $5.56 3.7% 253,189

Puebla 1,292,030 73,100 (44,270) 5.7% $3.17 4.2% 54,265

Toluca 3,042,763 130,669 121,888 4.3% $4.58 4.1% 124,753

CentralMarkets 11,177,726 496,290 376,145 4.4% $4.44 3.8% 424,754

Chihuahua 1,586,010 59,160 0 3.7% $3.86 0.4% 6,344

CiudadJuárez 5,838,630 531,829 28,992 9.1% $3.88 1.0% 58,386

Matamoros 1,656,082 181,256 2,323 10.9% $3.77 0.0% 0

Mexicali 1,776,176 158,367 16,844 8.9% $4.20 1.6% 28,419

Monterrey 9,555,114 731,590 257,025 7.7% $4.20 2.0% 191,102

Nogales 1,033,141 38,545 (12,172) 3.7% $3.62 2.1% 21,696

NuevoLaredo 845,882 53,899 13,378 6.4% $3.59 0.0% 0

Reynosa 2,855,125 222,117 78,485 7.8% $4.04 1.9% 54,247

Saltillo 2,391,922 128,902 97,637 5.4% $4.20 0.0% 0

Tijuana 5,496,847 371,793 13,963 6.8% $4.95 0.7% 38,478

NorthernMarkets 33,034,929 2,477,458 496,475 7.5% $4.03 1.2% 396,419

TotalMexico 57,945,863 3,561,010 4,713,401 6.1% $4.09 9.3% 5,388,965

24

GeneralConsidera$onsSelectedmarketinforma=on–ClassAOfficeMarkets

$65.00 $64.00

$30.90 $26.10 $24.99 $24.90 $23.52 $21.58 $21.36 $20.34

RiodeJaneiro

SaoPaulo

Bogota MexicoCity

PanamaCity

BuenosAires

San8ago Monterrey Lima Guadalajara


Source:CBRE,MarketviewLa=nAmericaOffice,Q42014

Country City/MarketTotalInventoryinsquaremeters


Quarter-to-QuarterRentChange

Year-to-YearRentChange

VacancyRate

Mexico Monterrey 863,197 $21.58 2.1% 7.1% 18.6%

Mexico MexicoCity 4,510,935 $26.10 -0.1% 2.6% 8.2%

Mexico Guadalajara 325,669 $20.34 3.1% 7.8% 4.6%

Brazil SaoPaulo 2,919,767 $64.00 -3.9% 16.9%

Brazil RiodeJaneiro 1,488,766 $65.00 -4.9% 17.9%

Chile Santiago 2,029,877 $23.52 -0.8% -20.3% 6.0%

Argentina BuenosAires 1,436,899 $24.90 1.9% 5.6% 11.3%

Colombia Bogota 1,206,005 $30.90 4.7% -6.1% 5.6%

Panama PanamaCity 597,201 $24.99 1.4% 0.9% 19.3%

Peru Lima 654,950 $21.36 -1.6% -3.0% 5.0%

Venezuela Caracas 360,640 $970.19 62.8% 154.1% 2.8%

25

MexicoCity

Gua

dalajara

Mon

terrey

0

1

2

3

4

5

1T13

2T13

3T13

4T13

1T14

2T14

3T14

4T14

1T15

2T15

3T15

0100200300400500600700800900

1000

1T13

2T13

3T13

4T13

1T14

2T14

3T14

4T14

1T15

2T15

3T15

Monterrey

Mexico

Guadalajara

Fuente:CBRE,MarketviewOficinasCiudaddeMéxico,MonterreyyGuadalajara,3T2015

0

50

100

150

200

250

300

350

1T13 2T13 3T13 4T13 1T14 2T14 3T14 4T14 1T15 2T15 3T15

Disponibilidad: Preciodesalida: Absorciónneta: Enconstrucción:

11.1% US$27.82m2/mes 39,392m2 1,800,213m2

Espacioocupado DisponibilidadEspacioocupado Disponibilidad

Espacioocupado Disponibilidad


4.1% US$19.44m2/mes 3,045m2 157,759m2


21.3% US$24.05m2/mes 9,799m2 190,622m2

4.3millonesm2 541milm2 13milm2318milm2

751milm2 203milm2

Milesd

em

2

Milesd

em

2

Millon

esdem

2GeneralConsidera$onsSelectedmarketinforma=on–ClassAOfficeMarkets

Documents

Instuonal Investors Presentaoncdn.investorcloud.net/fibramty/InformacionFinanciera/...2015/11/01 · PWC Cleber Danfoss Mary Kay CVG High Quality Porolio Key performance indicators*