Jones Lang Lasalle Incorporated · NYSE:JLL
Jones Lang Lasalle — Investor Presentation (June 2008)
25 slides from Jones Lang Lasalle's investor presentation, Jun 19, 2008
Slide 1: Form 8-K Cover Page
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): June 18, 2008 JONES LANG LASALLE INCORPORATED -------------------------------------
Slide 2: Item 7.01 Regulation FD Disclosure
ITEM 7.01. REGULATION FD DISCLOSURE Additional information of the registrant it attached as Exhibit 99.1 to this report and is incorporated herein by reference. The registrant undertakes no obligation to update this information, including any forward- looking statements, to reflect subsequently occu
Slide 3: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: June 18, 2008 JONES LANG LASALLE INCORPORATED By: /s/ Joseph J. Romenesko ------------
Slide 4: Exhibit Index
EXHIBIT INDEX ------------- EXHIBIT NUMBER DESCRIPTION ------- ------------ 99.1 Jones Lang LaSalle June 2008 Investor Relations Presentation 4
Slide 5: Jones Lang LaSalle: Real value in a changing world
EXHIBIT 99.1 ------------ JONES LANG LASALLE Real value in a changing world INVESTOR PRESENTATION June 2008
Slide 6: Forward Looking Statements
JONES LANG LASALLE - PAGE - 2: FORWARD LOOKING STATEMENTS Statements in this presentation regarding, among other things, future financial results and performance, achievements, plans and objectives, dividend payments and share repurchases may be considered forward-looking statements within the meani
Slide 7: Our Vision - Global and Diversified Growth
JONES LANG LASALLE - PAGE - 3: OUR VISION - GLOBAL AND DIVERSIFIED GROWTH ---------------------------------------------------------------------- The chosen real estate expert and strategic adviser to the leading occupiers and investors around the world -----------------------------------------------
Slide 8: LaSalle Investment Management: Annuity Revenue and Incentive Fees
JONES LANG LASALLE - PAGE - 4: LASALLE INVESTMENT MANAGEMENT Delivering Annuity Revenue and Incentive Fees [ Graphic / Line Chart indicating ] ($ Millions) Advisory and Incentive Equity Transaction Operating Fees Earnings Fees Income AUM --------- -------- ----------- ---------- ------------- 2005 4
Slide 9: LaSalle Investment Management: A Global Business and Differentiator
JONES LANG LASALLE - PAGE - 5: LASALLE INVESTMENT MANAGEMENT A GLOBAL BUSINESS AND DIFFERENTIATOR FOR OUR FIRM Assets Typical Under Q1 2008 Fee Manage- Description Statistics Structure Product ment % ----------- --------------- --------- ------- ------- ------ SEPARATE European ACCOUNT Private MANAG
Slide 10: Funds Driving AUM Growth, Advisory Fees and Incentive Fees
JONES LANG LASALLE - PAGE - 6: LASALLE INVESTMENT MANAGEMENT FUNDS DRIVING AUM GROWTH, ADVISORY FEES AND POTENTIAL INCENTIVE FEES --------------------------------------------------------------------------- Original Number Buying Vintage Investment of Power Percentage Year Style Funds Region ($MM) Co
Slide 11: Global Capital Markets: Reduced Activity in 2008
JONES LANG LASALLE - PAGE - 7: GLOBAL CAPITAL MARKETS REDUCED ACTIVITY IN 2008 OFF RECORD 2007 WITH CONTINUED CHALLENGING ENVIRONMENT Direct Commercial Property Transactions (1) Cross Border -------------------- -------------------- 2007 $759 billion (+8%) $357 billion (+19%) -----------------------
Slide 12: Strategic Investments and Acquisitions Expand Footprint
JONES LANG LASALLE - PAGE - 8: STRATEGIC INVESTMENTS AND ACQUISITIONS EXPAND FOOTPRINT STRENGTHEN MARKET POSITION AND DIVERSIFY GLOBALLY JONES LANG LASALLE'S INVESTMENT AND ACQUISITION STRATEGY: ------------------------------------------------------------------------- NEW GEOGRAPHIES STRENGTHEN PRES
Slide 13: Staubach: A World of Real Estate Knowledge
JONES LANG LASALLE - PAGE - 9: STAUBACH A World of Real Estate Knowledge THE STAUBACH COMPANY OVERVIEW Premier US Brand in Tenant Representation Services . STAUBACH IS A MARKET-LEADING REAL ESTATE ADVISORY FIRM WITH A PRESENCE IN OVER 20 U.S. MARKETS - Established over 30 years ago by Roger Staubach
Slide 14: Strategic Rationale: Staubach Leadership and Complementary Cultures
JONES LANG LASALLE - PAGE - 10: STRATEGIC RATIONALE STRONG STAUBACH LEADERSHIP AND COMPLEMENTARY CULTURES STAUBACH'S TOP LEADERSHIP TALENT CULTURAL FIT --------------------------------- --------------------------------- . Depth of leadership at . Client first mentality local and regional level . Rog
Slide 15: Staubach Acquisition - Strategic Rationale
JONES LANG LASALLE - PAGE - 11: STAUBACH ACQUISITION - STRATEGIC RATIONALE IMMEDIATELY POSITIONS JLL AS A MARKET LEADER IN TENANT REPRESENTATION . STAUBACH'S SCALE, FOOTPRINT AND STRONG COMPETITIVE POSITION ACCELERATES JLL'S PENETRATION OF KEY US MARKETS - Significantly strengthens JLL's leasing cap
Slide 16: Staubach Acquisition - Transaction Overview
JONES LANG LASALLE - PAGE - 12: STARBACH ACQUISITION - TRANSACTION OVERVIEW . JONES LANG LASALLE and THE STAUBACH COMPANY HAVE ENTERED A DEFINITIVE AGREEMENT TO MERGE OPERATIONS - Staubach's June 2008 fiscal revenues projected to be approximately $375 million - Significant opportunity to cross-sell
Slide 17: Staubach Acquisition - Deferred Payment Structure
JONES LANG LASALLE - PAGE - 13: STAUBACH ACQUISITION - TRANSACTION OVERVIEW . DEFERRED PAYMENT STRUCTURE AND PERFORMANCE-BASED INCENTIVES - Staubach to receive guaranteed payments of $613 million (1) - $223 million consideration at close - $123 million paid in cash using existing credit facilities (
Slide 18: Opportunity to Expand on Staubach's Single-Service Model
JONES LANG LASALLE - PAGE - 14: STAUBACH ACQUISITION - STRATEGIC RATIONALE Provides Opportunity to Expand on Staubach's Single-Service Model [ Graphics / Pie Charts indicating ] PRE-TRANSACTION SERVICE POST-TRANSACTION LINE CONTRIBUTION BUSINESS CONTRIBUTION --------------------------------- -------
Slide 19: G1 and G2 in the Americas; International Opportunities
JONES LANG LASALLE - PAGE - 15: STAUBACH ACQUISITION - STRATEGIC RATIONALE G1 AND G2 IN THE AMERICAS; SIGNIFICANT INTERNATIONAL OPPORTUNITIES [ Graphics / Pie Charts indicating ] PRE-TRANSACTION BUSINESS POST-TRANSACTION CONTRIBUTION BUSINESS CONTRIBUTION --------------------------------- ----------
Slide 20: Kemper's Group Acquisition Overview
JONES LANG LASALLE - PAGE - 16: KEMPER'S GROUP ACQUISITION OVERVIEW . KEMPER'S BACKGROUND - GERMAN'S LEADING RETAIL PROPERTY ADVISOR - Full range of investment, leasing, consulting, valuation and management services - 8 offices with approximately 150 employees - Integration in process following May
Slide 21: German Market Leadership Due to Synergies
JONES LANG LASALLE - PAGE - 17: GERMAN MARKET LEADERSHIP DUE TO SYNERGIES [ GRAPHICS INDICATING ] MARKET LEADERSHIP JLL JLL DIVISION / BUSINESS LINE BEFORE ACQUISITIONS AFTER ACQUISITION ------------------------------------------------------------------------- [ scale indicating levels of: Below Ave
Slide 22: Acquisition Impact on Capital Structure
JONES LANG LASALLE - PAGE - 18: ACQUISITION IMPACT ON CAPITAL STRUCTURE TWO SIGNIFICANT 2008 ACQUISITIONS -- KEMPER'S GROUP & STAUBACH [ Graphic / Line Chart indicating ] ($ Millions) 3/31/08 Pro forma with 3/31/08 Kemper's & Actual Staubach ---------- ----------- Debt (including PV of Deferred Paym
Slide 23: The Leading Real Estate Services Brand
JONES LANG LASALLE - PAGE - 19: THE LEADING REAL ESTATE SERVICES BRAND . DOMINANT GLOBAL PLATFORM - Approximately 170 offices in over 60 countries worldwide - Research-driven global money management business - Client demands for global expertise satisfied by few providers . SUPERIOR FINANCIAL PERFOR
Slide 24: Appendix I: Superior Cash Flow
JONES LANG LASALLE - PAGE - 20: APPENDIX I Superior Cash Flow
Slide 25: Superior Cash Flow
JONES LANG LASALLE - PAGE - 21: SUPERIOR CASH FLOW ---------------------------------------------------------------- Actual $MM 2007 2006 2005 ---------------------------------------------------------------- OPERATING INCOME $342 $244 $132 Plus: Depreciation and Amortization 56 49 34 Plus: Equity Ear
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