Wereldhave N.v. · EURONEXT:WHA
Wereldhave — Investor Day (October 2017)
16 slides from Wereldhave's investor day presentation, Oct 4, 2017
Slide 1: Capital Markets Day The Netherlands
CAPITAL MARKETS DAY THE NETHERLANDS 4 October 2017 1
Slide 2: Wereldhave The Netherlands Management Team
WERELDHAVE THE NETHERLANDS MANAGEMENT TEAM PIETER POLMAN MICHIEL BIERMANS DORIS SLEGTENHORST JEROEN VERWOLF KIM DE MUNNIK HANS VERMEEREN RAYMOND TOET Managing Director Business unit Business unit Business unit Business unit Head Head of Finance Wereldhave Nederland Manager Manager Manager Manager of
Slide 3: Quick Recovery from Bankruptcies
QUICK RECOVERY FROM BANKRUPTCIES IMPROVED RETAIL CLIMATE ENABLES FURTHER OCCUPANCY GROWTH YEAR 2011 2012 2013 2014 2015 2016 H1-17 OCCUPANCY 96.0% 96.5% 97.1% 97.0% 98.0% 97.9% 95.8% 1/1 BANKRUPTIES (0.2%) (3.2%) (3.5%) (2.0%) (2.8%) (4.0%) (0.3%) LEASING +0.7% +3.8% +3.4% +3.0% +2.7% +3.1% +0,7% OC
Slide 4: The Netherlands Portfolio
THE NETHERLANDS PORTFOLIO GEOGRAPHICAL SPREAD KEY FACTS EN FIGURES # of shopping centres 16 Total GLA 548,800 m2 Consolidated owned GLA 409,000 m2 Average size 27,000 m2 # Visitors per year 78m Net rental income (H1 2017) €40.4m 4 LFL NRI growth (H1 2017) 0.8% Occupancy rate 96.2% Net market value €
Slide 5: Shopping Centers
SHOPPING CENTERS MARKET LEADING POSITION ENABLES OPERATIONAL SYNERGIES CITY PLAZA - NIEUWEGEIN IN DE BOGAARD, RIJSWIJK EMICLAER, AMERSFOORT KOPERWIEK, CAPELLE A/D IJSSEL GLA: 53,600 m2 , Visitors: 6.8m GLA: 19,400¹ m2, Visitors: 2.6m GLA: 19,300m2, Visitors: 4.2m GLA: 24,500 m2, Visitors: 5.6m VIER
Slide 6: Development: Committed Development Pipeline
DEVELOPMENT COMMITTED DEVELOPMENT PIPELINE PRESIKHAAF | ARNHEM DE KOPERWIEK | Refurbishment: 35.500 m2 CAPELLE AAN DE IJSEL Total investment: €19m Refurbishment: 16.000 m2 Pre-let: 69% Extension: 5.600 m2 Ready in 2019 Total investment: €28m Pre-let: 61% Ready in 2019 6 TILBURG CITY CENTRE PHASE 1|
Slide 7: Retail Market NL: Sales of Tenants Rise Again
RETAIL MARKET NL SALES OF TENANTS RISE AGAIN Retail growth p.a.* ▪ Robust economic expansion results in wages and price increases 4.4% 3.9% ▪ Indexation moving to +0.8% on average (2016: +0.3%) 3.3% MARKET ▪ Increasing demand across several sectors, selective on quality 1.8% SITUATION 1.2% ▪ Strong
Slide 8: Wereldhave Focuses on Mid Sized Convenience Shopping Centres
RETAIL MARKET NL WERELDHAVE FOCUSES ON MID SIZED CONVENIENCE SHOPPING CENTRES HIGH STREET SHOPPING MALL SMALL MID SIZED SHOPPING MALL 8 Leidsestraat Amsterdam Rokade Utrecht Cityplaza Nieuwegein 8
Slide 9: Organisation: Business Units with Each Shopping Centres
ORGANISATION 4 BUSINESS UNITS WITH EACH 4 SHOPPING CENTRES OLD STRUCTURE NEW STRUCTURE Managing Managing Director Director SUPPORT HR LEGAL FINANCE DEV. & MAIN LEGAL MARKETING INNOVATION Business unit Business unit Business unit Business unit manager manager manager manager FINANCE DEV. & MAIN Asset
Slide 10: Leasing: Key Account Approach
LEASING KEY ACCOUNT APPROACH TOP 10 KEY ACCOUNTS 2017 BLOKKER DEAL OVERVIEW SC m² 6,25 NL 5x 5x 5x 7x 15,940m² 5.64 CityPlaza 2,120 Koperwiek 1,590 2,84 Presikhaaf 4,300 2,6 Emiclaer 450 2,46 Kronenburg 1,180 2,24 Annual rent €m Tilburg 1,610 10 2,07 Sterrenburg 1,550 2 Vier Meren 1,8 Koningshoek 77
Slide 11: Implementation of Wereldhave Concepts
IMPLEMENTATION OF WERELDHAVE CONCEPTS FRESH STREET KIDS PLAY AREA F&B COURT TOILET 11 11
Slide 12: Fresh Street
FRESH STREET NEXT TO THE SUPERMARKET INCREASE OF ERV 2012 +20.1% 2012 2017 Fresh Fashion Other INCREASE OF DWELL TIME @ FRESH STREET 2017 12 14.2 min 2012 2015 2017 Fresh Fashion Other (services)
Slide 13: Kids Play Area
KIDS PLAY AREA COMBINED WITH F&B E.G. IN DE ROSELAAR THE KIDS PLAY AREA HAS BECOME A POPULAR PLACE 600 40 500 30 400 300 20 200 10 100 0 - j/16 a/16 s/16 o/16 n/16 d/16 j/17 f/17 m/17 a/17 m/17 j/17 Total visitors Playground WHICH RESULTED IN A +12% INCREASE OF TENANT TURNOVER 13 +12.1% €4,378 Kids
Slide 14: F&B Court
F&B COURT DIFFERENT F&B CONCEPTS ON A CENTRALLY LOCATED SQUARE INCREASE OF TURNOVER Sales per m2 +6.1% 14 2014 2015 2016 2017 FC New F&B tenants and facilities full implemented F&B court realized in 2013 14
Slide 15: Implementation of WH Concepts
IMPLEMENTATION OF WH CONCEPTS FRESH STREET KIDS PLAY AREA 31% 35% 45% 50% 19% 20% F&B COURT TOILETS 15 25% 31% 56% 56% 19% 13% Present In development Not present 15
Slide 16: wal
wal vy WERELDHAVE Bringing people together