Jones Lang Lasalle Incorporated · NYSE:JLL

Jones Lang Lasalle — Corporate Update (April 2018)

23 slides from Jones Lang Lasalle's corporate update, Apr 30, 2018

  1. Slide 1: 2018 Reporting Changes

    2018 Reporting Changes April 2018

  2. Slide 2: Forward-looking statements

    This presentation, and other statements that Jones Lang LaSalle Incorporated (“JLL”) may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, with respect to JLL’s future financial or business performance, strategies, or expectation

  3. Slide 3: Introduction and Agenda

    Introduction Louis Bowers Global Controller Grace Chang Corporate Finance & Investor Relations © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 3 Agenda Introduction ASC 606 Overview Regulatory and Non-GAAP Reporting Changes Consolidated Recast ASC 606 – “Gross Up” ASC 606 – “Revenue Timing”

  4. Slide 4: ASC 606 Overview

    Since May 2014, the Financial Accounting Standards Board (“FASB”) has issued multiple accounting standards updates that comprise and amend ASC Topic 606 (“ASC 606”), Revenue from Contracts with Customers. ASC 606 replaces most U.S. GAAP revenue recognition guidance and requires an entity to recogniz

  5. Slide 5: Regulatory and Non-GAAP Reporting Changes

    Regulatory and Non-GAAP Reporting Changes New Revenue Recognition – ASC 606 © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 5 • Non-GAAP Fee Revenue Definition: exclude revenue associated with client-dedicated JLL labor; refer to Appendix Non-GAAP Presentation Change Impact of Changes Relati

  6. Slide 6: Consolidated Recast 2017

    Consolidated Recast © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 6 2017 - Refer to Appendix for definitions and reconciliations of non-GAAP performance measures - Amounts presented do not reflect the impact of any other accounting standards updates adopted/to-be-adopted during 2018 GAAP P

  7. Slide 7: ASC 606 Gross Up

    ASC 606 “Gross Up” © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 7 Why? What Is Not Changing? What Is Changing? • ASC 606 changed U.S. GAAP definition of “principal”, eliminating credit risk from the accounting assessment • Regulatory effort to reduce differences in practical application w

  8. Slide 8: ASC 606 Revenue Timing

    ASC 606 “Revenue Timing” © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 8 What Is Changing? - Recast presentation above reflects impact from ASC 606 “Revenue Timing” only; refer to other pages for discussion of other changes and impact in total - In accordance with U.S. GAAP requirements, r

  9. Slide 9: Non-GAAP Reporting Presentation Change: Fee Revenue

    Non-GAAP Reporting Presentation Change Fee Revenue © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 9 - Recast presentation above reflects only the impact of the change in non-GAAP fee revenue definition and does not reflect the impact of ASC 606. Refer to discussion throughout this presentat

  10. Slide 10: ASC 606 Balance Sheet

    As of December 31, 2017 ASC 606 Balance Sheet © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 10 “Gross Up” • Increase in: • Reimbursement receivables • Reimbursable payables • Restricted cash • Reflects payment activity on behalf of Property & Facility Management and Project & Development S

  11. Slide 11: Frequently Asked Questions

    Frequently Asked Questions © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 11

  12. Slide 12: Frequently Asked Questions

    Frequently Asked Questions Question Answer Why did the company make the fee revenue definition change? Response to increased GAAP revenue & expense as a result of our adoption of ASC 606, together with continued growth in our outsourcing businesses How does this change impact your 2018 operating fra

  13. Slide 13: Appendix

    Appendix © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 13

  14. Slide 14: Non-GAAP Performance Measures

    © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 14 Certain immaterial differences on quarter-to-date balances are due to rounding. Non-GAAP Performance Measures Management uses certain non-GAAP financial measures to develop budgets and forecasts, measure and reward performance against those

  15. Slide 15: Recast Year Ended December 31, 2016

    © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 15 Year Ended December 31, 2016 (USD – in millions, except per share amounts) Previously Reported Adjustments Recast Total GAAP revenue 6,803.8 6,187.4 12,991.2 Revenue before reimbursements (formerly captioned “Revenue”) 6,803.8 106.8 6,910.6

  16. Slide 16: Recast Year Ended December 31, 2017

    © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 16 (USD - in millions, except per share amounts) Year Ended December 31, 2017 Previously Reported Adjustments Recast Total GAAP revenue 7,932.4 6,520.8 14,453.2 Revenue before reimbursements (formerly captioned “Revenue”) 7,932.4 35.0 7,967.4 F

  17. Slide 17: Recast Non-GAAP Reconciliations

    © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 17 Figures above represent historical amounts recast to reflect the impact of our (i) adoption of ASC 606 and (ii) change to our definition of non-GAAP fee revenue Three Months Ended Year Ended (USD – in millions) March 31, 2017 June 30, 2017 S

  18. Slide 18: Consolidated Recast Quarterly Results 2017

    © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 18 Three Months Ended Year Ended (USD – in millions) March 31, 2017 June 30, 2017 September 30, 2017 December 31, 2017 December 31, 2017 Leasing 378.4 506.4 493.0 674.1 2,051.9 Capital Markets 188.7 237.4 278.3 445.0 1,149.4 Property & Facility

  19. Slide 19: Americas Recast Results

    © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 19 Three Months Ended Year Ended (USD – in millions) March 31, 2017 June 30, 2017 September 30, 2017 December 31, 2017 December 31, 2017 GAAP Revenue 1,799.9 1,932.4 1,920.6 2,362.2 8,015.1 Reimbursements (1,078.5) (1,110.0) (1,094.9) (1,365.1)

  20. Slide 20: Asia Pacific Recast Results

    © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 20 Figures above represent historical amounts for our Asia Pacific reporting segment recast to reflect the impact of our (i) adoption of ASC 606 and (ii) change to our definition of non-GAAP fee revenue Asia Pacific – Recast Results (unaudited)

  21. Slide 21: EMEA Recast Results

    © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 21 EMEA – Recast Results (unaudited) Figures above represent historical amounts for our EMEA reporting segment recast to reflect the impact of our (i) adoption of ASC 606 and (ii) change to our definition of non-GAAP fee revenue Three Months En

  22. Slide 22: LaSalle Recast Results

    © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 22 Figures above represent historical amounts for our LaSalle reporting segment recast to reflect the impact of our (i) adoption of ASC 606 and (ii) change to our definition of non-GAAP fee revenue LaSalle – Recast Results (unaudited) Three Mon

  23. Slide 23: Thank you

    Thank you © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 23

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