I ANNUAL REPORT SUBMITTED PURSUANT to the GENERAL
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Fibra Uno Administración, S.C. Banco Actinver, S.A., Full Service Banking Institution, Grupo Financiero Actinver TRUSTOR ISSUER TRUSTEE Banco Actinver, S.A., Institución de Banca Múltiple, Grupo Financiero Actinver, TRUST FIBRA UNO’S TRUSTEE. Quotation key: “FUNO11”. Trustee Address: Montes Urales 540, Piso 3 Col. Lomas de Chapultepec, Del. Miguel Hidalgo, Ciudad de México, México, 11000 Trustor Address: Antonio Dovalí Jaime 70 Torre B, Piso 11 Col. Santa Fe, Ciudad de México, México, 01219. ANNUAL REPORT SUBMITTED PURSUANT TO THE GENERAL REGULATIONS APPLICABLE TO SECURITIES ISSUERS AND OTHER STOCK MARKET PARTICIPANTS FOR THE TERM ENDED ON DECEMBER 31, 2018. INFORMATION CONCERNING THE REAL ESTATE TRUST CERTIFICATES OR CBFIs. • Trust number and information regarding the Trust agreement: Irrevocable Trust Agreement entered by Deutsche Bank Mexico, S.A., Full Service Banking Institution, FiduciarY Division Division (currently, the trust is Banco Actinver, S.A., Full Service Banking Institution, Grupo Financiero Actinver), and identified with number 1401 (el “Trust Fibra Uno”) incorporated in January 10, 2011 through Public Deed number 115,636 granted before Gerardo Correa Etchegaray, Attorney and Notary Public number 89 of the Mexico City. • Trustee's Name: Banco Actinver, S.A., Full Service Banking Institution, Grupo Financiero Actinver. • Trustor: Fibra Uno Administración, S.C. • Joint Trustors: Any Owner who contributes to the Equity of the Trust with Real Estate Properties, for whose contribution the Owner shall acquire the rights and obligations set forth in the Trust and in the corresponding Joining Agreement. • First Place Trustees: CBFIs' holders. • Second Place Trustees: The Joint Trustors, who being subject to the Trust's terms and conditions, shall have the right to repurchase the Real Estates contributed to the Equity of the Trust. • Summary of the most important features of the assets: Our Real Estate Portfolio is comprised as of December 31, 2018 by 536 Properties, which are diversified regarding the kind of operation into: 344 retail properties, 116 industrial properties and 97 office properties, such properties totaling 8.6 million square meters of GLA (3.3 million into retail properties, 4.1 million into industrial properties, and 1.2 million into office properties and an occupancy rate as of December 31, 2018 of 95.3%. The operating properties are geographically diversified in all states of Mexico, and based on the tenants, there are approximately 3,600 tenants from different industries and sectors. Additionally, our Portfolio has 7 Properties that currently are in several stages of development or construction that is expected, upon its completion, to have a total GLA of 538,761 square meters (our Real Estate Real Estate Development Portfolio). During 2019, we will continue with the mixed-use development on the south of Mexico City (Mitikah), where Fibra Uno contributed the land of the Buffalo Portfolio and the Colorado Portfolio under the Joint i venture agreement entered with Helios. Mitikah will have an investment of around Ps. $ 20 billion with a GLA of approximately 363,000 square meters. • Number of Outstanding CBFIs: As of December 31, 2018, 3,890,114,426 CBFIs were in circulation. • Number of CBFIs in treasury: As of December 31, 2018, 1,456,514,910 CBFIs were in treasury. • Stock Exchanges in which the CBFIs are registered: The CBFIs are registered in the Bolsa Mexicana de Valores, S.A.B. de C.V. The Issuer also has CBs (Stock Certificates) registered in "the Official List and trading on the Global Exchange Market of the Irish Stock Exchange". • Rights conferred by the CBFIs: The CBFIs grant to the Holders, as set forth on the Article 63, fraction II, of the Stock Market Law (Ley del Mercado de Valores), the right to a portion of the proceeds, yields, and if applicable, to the residual value of the property or rights assigned for that purpose to the Trust, therefore, they grant the right to receive Cash Distributions from the Equity of the Trust, to the extent on which it is sufficient to make such Cash Distributions. The foregoing, in the understanding that the CBFIs do not grant any right on the property of the real estate to their Holders. • Yield and calculation procedures: In order to comply with the provisions that govern the real estate investment Trusts, (FIBRAS, Mexican REIT), it is our intention to carry out the distribution of at least 95% (ninety-five percent) of the Trust's Tax Incomes, provided that the Trust's Technical Committee approves such distribution and the financial statements on which they are based. Our CBFIs do not have a minimum secured return. The Trust's Tax Incomes shall be calculated as set forth in the Article 13 of the Mexican Income Tax Law (Ley de Impuesto sobre la Renta). • Source of Distributions: The payment source for the Distributions will be the resources generated by the Equity of the Trust. • Debt Level (Annex AA): 32.9%. • Debt service coverage ratio (Annex AA): 2.73x. • Periodicity and amortization of the CBFIs: Our CBFIs are not depreciable. • Method and Periodicity of Yield Payment: Our Technical Committee has adopted the policy of ordering quarterly Cash Distributions and has the power to amend such policy. • Place and Method of Yield and Redemption Payment, if applicable: All the cash payments to be done to the Holders shall be made through electronic transfer through S.D. Indeval Institución para el Depósito de Valores, S.A. de C.V., which is located at Paseo de la Reforma No. 255, Piso 3, Col. Cuauhtémoc, Ciudad de México, México, 06500. • Holders Common Representative Appointment: CI Banco, S.A., Full Service Banking Institution. • Custodian: S.D. Indeval Institución para el Depósito de Valores, S.A. de C.V. • Tax Regime: Investors, prior to investing in CBFIs, shall consider that the tax regime regarding the regarding the encumbrances or the exemptions applicable to the income resulting from the Distributions or sale and purchase of these securities is provided by articles 223 and 224 of the Mexican Income Tax Law (LISR for its acronym in Spanish) in force until December 31, 2013; and by articles 187 and 188 of the Mexican Income Tax Law (LISR for its acronym in Spanish) in force as of January 1, 2014. • Registration in the Mexican National Securities Registry: CBFIs are registered in the Mexican National Securities Registry (Mexican National Securities Registry for its acronym in Spanish) under number 2679-1.81-2012-003. THE REGISTRATION IN THE MEXICAN NATIONAL SECURITIES REGISTRY DOES NOT IMPLY A CERTIFICATION REGARDING THE MERIT OF THE SECURITIES, THE ISSUER'S SOLVENCY OR THE ACCURACY OR TRUTHFULNESS OF THE INFORMATION CONTAINED IN THE ANNUAL REPORT, NOR VALIDATED ACTIONS WHICH, IF APPLICABLE, HAVE BEEN MADE IN VIOLATION OF THE LAWS. ii STATEMENTS ON FUTURE EVENTS This document may contain statements about future events. You can identify the statements about future events through the use of terms such as "believes", "hopes", "may", "could", "wants", "attempts to", "plans", "projects", "deems", "Trusts", "predicts", "potential", or similar words, or the negative form of such words and phrases. You shall also identify statements about future events through discussions about strategy, plans, or intentions. Statements regarding the following matters could be affected by risks and situations, acts or uncertain events that could cause, or in fact, cause our results, performance, or present achievements to be significantly different from any results, performance, or expressed or implicit achievements in the statements about future events: • How we will use the net resources derived from This issuance; • Our business and investment strategies; • The competitive environment in which we operate; • Our ability to maintain or increase our Rents and occupancy rates; • The performance and economic situation of our tenants; • Our ability to successfully carry out operations for the strategic acquisition of properties in Mexico; • Our ability to expand successfully to new markets in Mexico; • Our ability to successfully carry out operations for the construction of real estates; • Our ability to lease (new lease agreements or extentions of lease agreements) or sell any of our Properties; • The timing for the acquisition of properties; • Economic trends in the industry or markets in which we operate; • General situation in the market, general economic and political conditions, particularly in Mexico; • The effect on changes in accounting principles, the intervention of administrative authorities, government regulations and monetary or tax policies in Mexico; • Our ability to obtain financing on favorable terms or simply to obtain it; • Change in interest and exchange rates; • The amount and profitability of any additional investments; • Our capacity to generate sufficient cash flow to pay any current and future obligations derived from financing and to make Distributions; iii • Amendments to the laws, lack of permits such as those related to the land-use, licenses and other administrative provisions that could affect our real estate operations; • The Applicable Law provisions that concern us and how such legislation shall be construed, including amendment in tax laws and regulations which concern the FIBRA, amendments in laws regarding the environment, real estate, urbanization, and the increase of ISR (Income Tax) rates; • Amendments to tax laws or regulations which may affect our tax regime or treatment, as well as the treatment of our Holders; • Our ability