FIBRA Prologis Announces First Quarter 2016 Earnings Results
MEXICO CITY, April 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV:FIBRAPL 14), the leading owner and operator of Class-A industrial real estate in Mexico, today reported results for the first quarter of 2016.
HIGHLIGHTS FROM THE QUARTER:
- Funds from operations per CBFI was US$0.0412, up 5 percent year-over-year
- Net effective rents on rollover increased 9.7 percent
- Operating portfolio occupancy ended at 96.4 percent
- Lease volume totaled 2.8 million square feet, which resolved 31.9 percent of 2016 expirations
Funds from operations (FFO) per CBFI was Ps. 0.7389 (US$0.0412) for the first quarter compared with Ps. 0.5800 (US$0.0392) for the same period in 2015.
Net earnings per CBFI in the first quarter was Ps. 0.5379 (US$0.0301) compared with Ps. 0.4436 (US$0.0304) for the same period in 2015. Net earnings in the quarter includes Ps. 0.0707 (US$0.0039) of costs associated with the early extinguishment of 2016 debt expirations.
STRONG OPERATING PERFORMANCE
“We had an excellent start to the year, thanks to robust leasing activity from the increasing number of multinational retailers that seek out our modern, well-located logistics facilities,” said Luis Gutierrez, CEO, Prologis Property Mexico. “Market fundamentals were in our favor, as well, which allowed us to maintain strong occupancies across all of our markets. Demand is especially strong in Mexico City, where net absorption for the first quarter reached one of the highest levels on record.”
|
Operating Portfolio |
1Q16 |
1Q15 |
Notes |
|
Period End Occupancy |
96.4% |
96.6% |
Six consecutive quarters with period end occupancy above 96% |
|
Leases Signed |
2.8 MSF |
3.6 MSF |
Resolved 31.9% of 2016 expirations |
|
Customer Retention |
93.2% |
90.8% |
|
|
Net Effective Rent Change |
9.7% |
8.9% |
Led by Regional Markets at 15.0% |
|
Same Store NOI (Cash) |
4.0% |
2.9% |
Led by Regional Markets at 7.7% |
|
Same Store NOI (IFRS) |
2.2% |
N/A |
FINANCING ACTIVITY STRENGTHENS BALANCE SHEET
As announced in January, FIBRA Prologis resolved its 2016 maturities with the refinancing of US$107.0 million, including prepayment costs, of secured loans scheduled to mature in 2016. The refinanced loans were consolidated into a new secured facility that will mature in January 2026, and were priced at a 4.67 percent fixed interest rate. In addition, the company entered in a three-year forward interest rate swap agreement to fix the U.S. LIBOR rate to 1.065 percent over US$250.0 million of the unsecured term loan that closed in December 2015. This forward interest rate swap agreement will become effective on June 23, 2016.
As of March 31, 2016, FIBRA Prologis’ liquidity was Ps. 7.7 billion (US$443.5 million), which included Ps. 6.9 billion (US$400.0 million) of available capacity on its unsecured credit facility and Ps. 750.6 million (US$ 43.5 million) of unrestricted cash.
Net debt as a percentage of investment properties was 29.5 percent, fixed charge coverage was 4.18 and net debt to adjusted EBITDA was 4.58.
GUIDANCE CONFIRMED
|
(US$ in million, except per CBFI amounts) |
Low |
High |
Notes |
|
FFO per CBFI |
US$0.1650 |
US$0.1800 |
Excludes the impact of foreign exchange movements |
|
Full Year 2016 Distributions per CBFI |
US$0.1100 |
US$0.1100 |
|
|
Year End Occupancy |
95.5% |
96.5% |
|
|
Same Store NOI (Cash) |
2.0% |
3.0% |
Based on U.S. dollars |
|
Annual Capital Expenditures as % of NOI |
14.0% |
16.0% |
|
|
Building Acquisitions |
US$100.0 |
US$150.0 |
|
|
Asset Management and Professional Fees |
US$18.0 |
US$20.0 |
WEBCAST & CONFERENCE CALL INFORMATION
FIBRA Prologis will host a live webcast/conference call to discuss quarterly results, current market conditions and future outlook. Here are the event details:
- Friday, April 22, 2016, at 11 a.m. CT/12 p.m. ET
- Live webcast at www.fibraprologis.com by clicking Events
- Dial in: +1 877 256 7020 or +1 973 409 9692 and enter Passcode 77861557.
A telephonic replay will be available April 22–April 29 at +1 855 859 2056 from the U.S. and Canada or at +1 404 537 3406 from all other countries using conference code 77861557. The replay will be posted in the Investor Relations section of the FIBRA Prologis website.
ABOUT FIBRA PROLOGIS
FIBRA Prologis is the leading owner and operator of Class-A industrial real estate in Mexico. As of March 31, 2016, FIBRA Prologis was comprised of 188 logistics and manufacturing facilities in six industrial markets in Mexico totaling 32.6 million square feet (3 million square meters) of gross leasable area.
FORWARD-LOOKING STATEMENTS
The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management. Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, and (ix) those additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and the Mexican Stock Exchange by FIBRA Prologis under the heading “Risk Factors.” FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.
Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.
Taking Simple Steps Can Help Protect Your Sight
Taking Simple Steps Can Help Protect Your Sight
American Academy of Ophthalmology provides tips to help keep eyes at their best during Healthy Vision Month in May
SAN FRANCISCO, April 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — Approximately 37 million adults in America have age-related macular degeneration, cataract, diabetic retinopathy, or glaucoma, all of which can cause visual impairment or blindness, according to the National Eye Institute (NEI).[1] However, recent studies show that making healthy choices and getting regular eye exams can help reduce a person’s risk of vision loss. In support of NEI’s Healthy Vision Month in May, the American Academy of Ophthalmology is encouraging everyone to take charge of their eye health and preserve their sight by following some simple tips.
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Live a healthy lifestyle. Eating a nutritious diet, maintaining a healthy weight and not smoking can lower your risk of eye disease. Foods that boost eye health include dark green leafy greens, cold water fish and citrus fruits. A study recently published in the journal Ophthalmology showed that a diet rich in vitamin C can cut the risk of cataract progression by nearly a third.[2] Other research shows that smoking doubles the risk of the eye disease age-related macular degeneration, is linked to cataracts, and worsens dry eye.
Know your family history. Certain eye diseases can be inherited. If you have a close relative with macular degeneration, you have a 50 percent chance of developing the condition. In addition, a family history of glaucoma increases your chances of developing the condition by four to nine times. So talk to your family members about what eye conditions they have. It can help you and your eye care professionals evaluate whether you may be at higher risk.
Get a dilated eye exam. Many eye diseases may have no symptoms in their early stages. A dilated eye exam is the best way to detect eye diseases so they can be treated as soon as possible to help prevent vision loss. The Academy recommends that adults have a baseline comprehensive eye exam with an ophthalmologist – a physician specializing in medical and surgical eye care – by the time they turn 40. This is when age-related eye changes often begin to occur. People who are 65 and older should get an eye exam every one to two years. Those with chronic conditions such as diabetes or high blood pressure or known eye diseases may need to go earlier and more often.
Wear sunglasses. Over time, exposure to UV rays from the sun can increase your risk of cataracts, certain cancers and growths in or around the eyes. When choosing sunglasses, pick ones that block out at least 99 percent of UV rays. A wide-brimmed hat offers great additional protection as well.
Use protective eyewear to prevent injuries. Roughly a third of all emergency room visits for eye-related issues stem from traumatic eye injuries, according to a recent study in the journal Ophthalmology.[3] To help prevent these injuries, wear the right protective eyewear when doing activities that could cause eye injuries, such as home repair, garden work and sports.
“People don’t often realize that simple, everyday actions can help them preserve their vision well through their golden years,” said Rebecca J. Taylor, M.D., clinical spokesperson for the American Academy of Ophthalmology. “We encourage everyone to take these steps in order to keep their eyes healthy.”
To learn more ways to keep your eyes healthy, visit the American Academy of Ophthalmology’s public information website at www.aao.org/eye-health.
About the American Academy of Ophthalmology
The American Academy of Ophthalmology is the world’s largest association of eye physicians and surgeons. A global community of 32,000 medical doctors, we protect sight and empower lives by setting the standards for ophthalmic education and advocating for our patients and the public. We innovate to advance our profession and to ensure the delivery of the highest-quality eye care. Our EyeSmart® program provides the public with the most trusted information about eye health. For more information, visit www.aao.org.
[1] https://nei.nih.gov/eyedata/adultvision_usa
[2] Genetic and Dietary Factors Influencing the Progression of Nuclear Cataract, Yonova-Doing, et al, Ophthalmology, article in press March 2016.
[3] Eye-related Emergency Department Visits in the United States, 2010, Vaziri, et al. Ophthalmology, April 2016.
Cal/OSHA Cites Tree Service Company for Fatal Safety Breach
REDDING, California, April 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — Cal/OSHA has cited Wright Tree Service of the West, Inc. for serious safety violations following an investigation into a fatal tree-trimming accident in Humboldt County near Weitchpec. The proposed penalties total $31,750.
On December 30, 2015, Kenneth A. Williams, a foreman with Wright Tree Services of the West, died while trimming a bay laurel tree on Rock Ranch Road. Although Williams was using a flipline lanyard to secure himself to the tree, it had only one point of attachment when regulations require two. Williams was killed when he accidentally cut the lanyard with the chainsaw he was operating and fell 54 feet.
Cal/OSHA’s investigation revealed the employer had failed to ensure that workers were using a second point of attachment to secure the worker when operating a chain saw in a tree. Also, workers’ clothing, equipment and procedures failed to meet safety standards.
“Tree work involves many hazards, and employers must develop and implement safety procedures and train their employees to prevent accidents,” said Cal/OSHA Chief Juliann Sum. “Most accidents can be prevented.”
Both citations in this case were classified as serious. Serious violations are cited when there is a realistic possibility that death or serious physical harm could result from the actual hazard created by the violation.
Failure to develop and implement appropriate safety procedures is one of the major causes of serious workplace injury and death in California. Accidents related to tree work can result in severe traumatic injuries and death. Twelve fatal accidents related to tree work have been reported to Cal/OSHA since May 2015.
Commonly reported accidents include falls, electrocutions, and those caused by falling objects. Most accidents can be prevented by recognizing and controlling hazards in advance as well as training employees on safe work practices and effective use of personal protective equipment. Cal/OSHA offers a fact sheet on tree work safety.
Cal/OSHA, officially known as the Division of Occupational Safety and Health, is a division of DIR. Cal/OSHA helps protect workers from health and safety hazards on the job in almost every workplace in California. Cal/OSHA’s Consultation Services Branch provides free and voluntary assistance to employers and employee organizations to improve their health and safety programs. Employers should call (800) 963-9424 for assistance from Cal/OSHA Consultation Services.
Employees with work-related questions or complaints may contact DIR’s Call Center in English or Spanish at 844-LABOR-DIR (844-522-6734). The California Workers’ Information line at 866-924-9757 provides recorded information in English and Spanish on a variety of work-related topics. Complaints can also be filed confidentially with Cal/OSHA district offices.
Members of the press may contact Julia Bernstein or Peter Melton at (510) 286-1161, and are encouraged to subscribe to get email alerts on DIR’s press releases or other departmental updates.
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The California Department of Industrial Relations, established in 1927, protects and improves the health, safety, and economic well-being of over 18 million wage earners, and helps their employers comply with state labor laws. DIR is housed within the Labor & Workforce Development Agency. For general inquiries, contact DIR’s Communications Call Center at 844-LABOR-DIR (844-522-6734) for help in locating the appropriate division or program in our department.
Cal/OSHA Cites Taylor Farms, Temporary Employment Agencies for October Chemical Release
TRACY, California, April 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — Cal/OSHA has cited Taylor Farms Pacific, Inc., and two temporary employment agencies following the October 15, 2015, release of chlorine gas at the company’s food production facility in Tracy that hospitalized 20 workers.
Cal/OSHA’s inspection of the facility found that injuries from the chemical release could have been avoided if Taylor Farms had trained the workers on what to do in an emergency. As a result, the workers did not evacuate as quickly as possible to prevent sickness from the chlorine gas, including burning eyes, shortness of breath, vomiting, nose bleeds and fainting.
Half of those injured worked for temporary employment agencies Abel Mendoza Inc. and RSJ Admin Services Inc., and Cal/OSHA has also cited those companies for failures to protect employees from safety and health hazards.
“In dual-employer situations, both California host employers and temp agencies are required to protect temporary employees and ensure safe workplaces,” said Cal/OSHA Chief Juliann Sum. “In this instance, Taylor Farms and the temp agencies failed to properly train workers for, and protect workers from, a hazardous chemical exposure.”
Cal/OSHA issued a total of 16 workplace safety citations to Taylor Farms Pacific, Inc., with proposed penalties of $56,985. Two of the citations, classified as serious, involved Taylor’s failure to control workers’ exposure to chlorine, a hazardous substance, and the failure to train employees about its emergency action plan. A serious violation is cited when there is a realistic possibility that death or serious physical harm could result from the actual hazard created by the violation.
Cal/OSHA also issued citations for a total of five general safety violations to Abel Mendoza Inc. and RSJ Admin Services Inc. The general violations issued to both Mendoza and RSJ include the failures to control exposure to chlorine and to provide effective training regarding hazardous chemicals in language the majority of the affected workers understood. Mendoza was also cited for failing to conduct periodic inspections to identify unsafe working conditions affecting its employees.
Cal/OSHA’s “Protecting Temporary Agency Employees” safety and health factsheet containing roles and responsibilities in dual-employer situations is available online.
Cal/OSHA helps protect workers from health and safety hazards on the job in almost every workplace in California. Cal/OSHA’s Consultation Services Branch provides free and voluntary assistance to employers to improve their health and safety programs. Employers should call (800) 963-9424 for assistance from Cal/OSHA Consultation Services.
Employees with work-related questions or complaints may contact DIR’s Call Center in English or Spanish at 844-LABOR-DIR (844-522-6734). The California Workers’ Information line at 866-924-9757 provides recorded information in English and Spanish on a variety of work-related topics. Complaints can also be filed confidentially with Cal/OSHA district offices.
Members of the press may contact Erika Monterroza or Peter Melton at (510) 286-1161, and are encouraged to subscribe to get email alerts on DIR’s press releases or other departmental updates.
The California Department of Industrial Relations, established in 1927, protects and improves the health, safety, and economic well-being of over 18 million wage earners, and helps their employers comply with state labor laws. DIR is housed within the Labor & Workforce Development Agency. For general inquiries, contact DIR’s Communications Call Center at 844-LABOR-DIR (844-522-6734) for help in locating the appropriate division or program in our department.
Facebook: https://www.facebook.com/CaliforniaDIR
Twitter: https://twitter.com/CA_DIR
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MoneyGram Waives Fees for Transfers from South America and U.S. to Ecuador in Wake of Tragic Earthquake
DALLAS, April 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — MoneyGram (NASDAQ: MGI) announced a series of support initiatives to help those impacted by the powerful earthquake that devastated Ecuador on April 17.
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From now through May 8, 2016, MoneyGram has waived all transaction fees for sends from South America to Ecuador as well as fees on sends from the U.S. to Ecuador when they are made online at Moneygram.com.
“When disaster strikes, getting money to the people in the region is critical for re-building,” said Pete Ohser, MoneyGram’s executive vice president, Americas and Europe. “Our focus right now is making it is easy and affordable for family and friends to get financial assistance to those who have been affected.”
The MoneyGram Foundation is also providing support through donations made to emergency response efforts initiated by AmeriCares and Save the Children.
AmeriCares has deployed an emergency response team to Ecuador and is building a 6,000 pound shipment of medicines and supplies in response to multiple requests for assistance. Save the Children staff will be working in the days and weeks ahead to give support to those most affected by this earthquake, particularly children.
MoneyGram is also waiving fees for those who want to donate to the American Red Cross to help support relief efforts in Ecuador. Donations can be made at www.MoneyGram.com or any of MoneyGram’s agent locations in the U.S. All donations should be submitted to the American Red Cross under receive code 2540 to waive the transaction fee. Any dollar amount will be accepted up to a maximum of $249.99 per transaction.
#moneygramnews
About MoneyGram International, Inc.
MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select markets. More information about MoneyGram International, Inc. is available at moneygram.com.
Media Contact:
Michelle Buckalew
[email protected]
214-979-1418
www.moneygramfoundation.org
www.moneygram.com
www.redcross.org
www.americares.org
www.savethechildren.org
The Best Gets Better: More Powerful, Fuel Efficient and Technologically Advanced 2017 Accord Hybrid Launching this Spring
TORRANCE, California, April 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — Honda will bolster its Accord lineup with the launch of the 2017 Accord Hybrid this spring, featuring a more powerful and efficient second-generation two-motor hybrid powertrain that has the highest EPA fuel economy ratings of any midsize hybrid sedan and delivers the most power. With improved production methods and supplies of hybrid components, Honda is anticipating significant growth in sales of Accord Hybrid and is targeting annual sales to be more than double its previous best of just under 14,000 vehicles in 2014.
“The new Honda Accord Hybrid is the ultimate Accord – the most refined, technologically sophisticated and, of course, most fuel efficient in the lineup,” said John Mendel, Executive Vice President of the American Honda Motor Co., Inc. “With Accord already America’s most popular car three years running and the best-selling midsize car to younger buyers, we think this new hybrid model will add considerable momentum for the Honda brand.”
In addition to its more powerful and fuel efficient hybrid powertrain, the 2017 Accord Hybrid carries the substantial upgrades made to the entire Accord lineup for model year 2016. This includes the latest technology Honda has to offer, including the available Display Audio with Apple CarPlay® and Android Auto™, and the Honda Sensing™ suite of advanced safety and driver-assistive technologies, to be offered as standard equipment on all new 2017 Accord Hybrids. Hybrid-exclusive design features include a special aluminum hood and wheels, blue highlighted LED headlights and taillights and “Hybrid” exterior badging. A more compact hybrid battery pack increases trunk capacity to a midsize hybrid class-leading 13.5 cu.-ft.
Combining the next generation of Honda’s two-motor hybrid system with an ultra-efficient 2.0-liter i-VTEC Atkinson Cycle engine, the 2017 Accord Hybrid powertrain will achieve peak combined output of 212 horsepower, the highest of any midsize hybrid sedan and up 16 horsepower over the 2015 Accord Hybrid. EPA fuel economy ratings of 49/47/48 (city/highway/combined)1 put the Accord Hybrid at the top of the class for ratings, making it the most powerful and fuel efficient midsize hybrid sedan in America. These EPA fuel economy ratings are based on new, more stringent ratings requirements enacted by the U.S. EPA for the 2017 model year. Based on the new requirements, Honda estimates the 2015 Accord Hybrid ratings would be 48/45/47 (actually rated at 50/45/47 under the previous method), indicating a +1/+2/+1 increase for the 2017 model over the previous version.
The Accord Hybrid’s two-motor hybrid powertrain takes an elegant and innovative approach to hybrid power, eliminating the need for a conventional mechanical transmission. The Accord Hybrid’s powertrain seamlessly transitions between three operations:
- EV Drive – using its electric propulsion motor and lithium ion battery pack drives the front wheels for short distances under light loads (with the engine turned off)
- Hybrid Drive – the electric propulsion motor drives the front wheels while the gasoline engine powers a second motor/generator to supplement electrical current drawn from the battery pack
- Engine Drive – using a lock-up clutch mechanism to connect the engine and propulsion motor, the front wheels are driven by both the motor and gasoline engine.
With its next-generation Advanced Compatibility Engineering™ (ACE™) body structure and Honda Sensing™ technology, the 2017 Accord is anticipated to receive the highest available crash safety rating from the U.S. government – a 5-Star Overall Vehicle Score from the NHTSA – and a similar top rating of TOP SAFETY PICK+ from the Insurance Institute for Highway Safety (IIHS).
The 2017 Accord Hybrid will be available in three trims – Hybrid, Hybrid EX-L and Hybrid Touring – and all grades will feature increased levels of standard and available equipment. New standard features include a wide angle rearview camera, remote engine start and Honda Sensing™, which includes Collision Mitigation Braking System™ (CMBS™), Lane Keeping Assist (LKAS), Adaptive Cruise Control (ACC), Road Departure Mitigation (RDM), Lane Departure Warning (LDW) and Forward Collision Warning (FCW). Available new features on upper trims include a 7-inch Display Audio touchscreen with Android Auto™ and Apple CarPlay® compatibility, heated rear seats, and front and rear parking sensors.
The Accord has been named a Car and Driver magazine “10Best” an unprecedented 30 times and has been the most popular car in America with retail car buyers for three consecutive years.2 The Accord is on track to earn a fourth straight year as America’s most popular car with sales up 12.3 percent through the first three months of 2016. Accord also is the most popular midsize car with Millennials and has been #1 with under-35-year-olds for four consecutive years and leads all other cars in America, except Honda’s own Civic, in sales to under under-35 car buyers since 2010.3
The 2017 Honda Accord Hybrid will make its first public appearance at the Aquarium of the Pacific in Long Beach, Calif., as part of the aquarium’s Earth Day weekend celebrations on April 23-24.
About Honda
Honda offers a full line of reliable, fuel-efficient and fun-to-drive vehicles with advanced safety technologies sold through approximately 1,000 independent U.S. Honda dealers. The Honda lineup includes the Fit, Civic and Accord passenger cars, along with the HR-V, CR-V and Pilot sport/utility vehicles, the soon-to-be-launched Ridgeline pickup and the Odyssey minivan.
Honda has been producing automobiles in America for 33 years and currently operates 18 major manufacturing facilities in North America. In 2015, more than 99 percent of all Honda vehicles sold in the U.S. were made in North America, using domestic and globally sourced parts.
Honda Commitment to the Environment
Based on its vision of “Blue Skies for our Children,” Honda is working to advance technologies that address society’s environmental and energy concerns. Honda is targeting a 50 percent reduction in its total company CO2 emissions on a global basis by 2050, compared to 2000 levels.
Honda will introduce a new 2017 Accord Hybrid and the Clarity Series of advanced alternative-fuel vehicles, beginning with the new, hydrogen-powered Clarity Fuel Cell later in 2016, followed by new Clarity Battery Electric and Clarity Plug-In in 2017, as the company strives to realize significant growth in sales of electrified vehicles.
The company is also demonstrating its vision for zero-carbon mobility and living though initiatives like its Honda Smart Home US, in Davis, California, which is designed to operate with half the energy use and CO2 emissions of a typical home in that region.
Honda and the Aquarium of the Pacific
The Aquarium of the Pacific is a non-profit organization committed to “instilling a sense of wonder, respect, and stewardship for the Pacific Ocean, its inhabitants and ecosystems” by providing engaging, entertaining, educational and empowering exhibits and programs on the Pacific Ocean and the lives of its inhabitants.
As a founding sponsor of the Aquarium of the Pacific, Honda supports this world-class venue for education and environmentalism that is visited by over 200,000 school children and nearly 1.5 million visitors each year. Honda’s financial donations to the Aquarium assist in its efforts for marine conservation, education and community-outreach programs. Honda’s initial sponsorship consisted of the 150-seat Honda Theater. In 2012 Honda became sponsor of the “Blue Cavern presented by Honda” where on-site daily dive educational lectures are held and explain how some of the animals in the exhibit are collected using aquarium collection boats powered by Honda marine engines.
In 2016 Honda is entering into an agreement to become the title sponsor for Pacific Visions Theater, a 14,000 square foot 300-seat in the round theatrical 4D experience, due to open in 2018.
1 Based on 2017 EPA mileage ratings. Use for comparison purposes only. Your mileage will vary depending on how you drive and maintain your vehicle, driving conditions, battery pack age/condition and other factors.
2 Based on IHS Automotive, Polk new retail vehicle registration data for 2013-2015CY
3 Based on IHS Automotive, U.S. new retail vehicle registrations by volume for all models in industry and the non-luxury traditional midsize car segment and the age of head of household data for 18-34 year olds for CY2010-2015.
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(Español) Diario BAE Negocios Internacional anuncia el acuerdo con Cala Enterprise para publicar en forma semanal la columna inspiracional del prestigioso presentador y motivador Ismael Cala.
