Cbre Group Inc · NYSE:CBRE
Cbre — Merger or Acquisition (March 2015)
15 slides from Cbre's merger presentation, Mar 31, 2015
Slide 1: Acquisition of Global WorkPlace Solutions Business from Johnson Controls, Inc.
Exhibit 99.2 CBRE 31, Acquisition March GROUP, 2015 of Global INC. WorkPlace Solutions Business from Johnson Controls, Inc.
Slide 2: Forward-Looking Statements
FORWARD-LOOKING This expected CBRE’s general and you 2website our may presentation business ability (www.sec.gov), existing hear cost synergies today. toconditions operations acquire contains Please and for STATEMENTS and statements refer and aglobally. earnings full integrate our todiscussion our a
Slide 3: Conference Call Participants
CONFERENCE Bob PRESIDENT Bill Jim CHIEF Steve 3INVESTOR Groch Concannon Sulentic Iaco EXECUTIVE FINANCIAL RELATIONS AND CALL OFFICER OFFICER OFFICER, PARTICIPANTS AND AND CORPORATE GLOBAL GLOBAL CORPORATE COMMUNICATIONS DIRECTOR SERVICES OF CORPORATE DEVELOPMENT
Slide 4: Acquisition of GWS fits well with our strategy
CBREis GWS Having Growing Maintaining Prudently M&A capabilities TO has aarelationships full leading managing ACQUIRE entered asuite balanced provider continue into ofour services GWS with abusiness balance definitive of to leading BUSINESS Integrated be – delivered sheet a powerful agreement occupi
Slide 5: Transaction Overview
TRANSACTION Transaction Anticipate Expected benefits Approximately 5See slide 15 cost toexpected for fund synergies 8x footnotes. OVERVIEW the multiple1 to transaction be of $35 materially of million netthrough purchase accretive cash price and to CBRE toproceeds GWSadjusted 2014 fromcalendar earnin
Slide 6: GWS Integrated Services Overview
GWS Integrated Services Mission-critical Expertise ~ Operations Square Global 6Clients 1.2 billion OVERVIEW 1000; feetFacilities by square with region: facilities focus feet Management 45% managed on (data EMEA, Lifecenters, Sciences, with services 30% 16,000 labs, Americas Technology tomanufacturin
Slide 7: Strategic Rationale: GWS Facilities Management Opportunity
Facilities Opportunity GWS CBRE 1. 72. As 6,600 of STRATEGIC furthers revenues leads December sales Management to the and our expand from industry1 lease strategy 31, RATIONALE transaction 2014; our has professionals with of leasing been includes creating leasing services CBRE’s andas affiliates. re
Slide 8: Complementary Competencies
COMPLEMENTARY CBRE Integrated Global 8GWS GCS supply full-service chain management COMPETENCIES offerings with expertise strategic Lean overlay Six Sigma Transaction principles and applied consulting to drive capabilities quality Experience and reliability in Financial of technical Services, enginee
Slide 9: Complementary Clients: Balanced Combined CBRE Client Mix
COMPLEMENTARY Balanced CBRE 13% 6% 24% 19% Combined 35% 9% Industrial 20% 2% 18%30%Client Life15% Sciences Mix CLIENTS Technology Financial Services Healthcare Other
Slide 10: Combined Company Revenue
COMBINED Note 2014 Contractual Global Corporate Services CBRE Reported GWS % Total Combined See Revenue 10 ofslide addition Revenue Fee 2as Appraisal 3,407 3415 2014 $2,950 34% Asset Services Revenue for COMPANY of 3,407 ($ 6,201 5% $2,794 footnotes. Investment Fee $457 Comm. in5% 3millions) Revenue
Slide 11: Combined Fee Revenue Mix
COMBINED $GWS (%) Total 2006 See Combined Capital Other1 Leasing 76% Contractual 2014 11in slide –millions of Fee Combined acquisition share Markets2 combined $1,479 $2,369 15 Revenue Revenue: Total of Sources3 for VIEW: total (40%) (27%) footnotes. Fee solidifies $1,403 $1,903 total fee $3,742 Reve
Slide 12: GWS Synergies: Expected Realization
GWS SYNERGIES Expected Realization Synergies Combining 12 to expected geographic back of produce run-rate office from run-rate synergies account operations two cost key management expected areas: synergiesover ofand $35 eight operational million to ten quarters modelsdue to required separation of se
Slide 13: Key Takeaways
KEY GWS Big Scale, Fits Significantly most Leverages Business Transaction per 13 share clients, astable TAKEAWAYS Acquisition focused isexpertise amix in unique our 52016 isaugments year isand expected full-service and geared opportunity highly contracts, leadership for atobusiness defensible be pla
Slide 14: Appendix
APPENDIX : CBRE
Slide 15: Footnotes
FOOTNOTES clients. Slide 1. 2. 3. 2006 4. 5. 15 Multiple Our GWS Global Other Capital “Combined Contractual and 5“Fee 10 11 revenue includes 5% Corporate Markets based Revenue” intotal Revenues plus 2014 represents Development onincludes leasing fee Services GWS combined), comprises revenue revenue”