Cbre Group Inc · NYSE:CBRE
Cbre — CB Richard Ellis Group — Investor Presentation (November 2009)
25 slides from Cbre's investor presentation, Nov 18, 2009
Slide 1: Operational & Financial Overview
Operational & Financial Overview Bob Sulentic Group President & Chief Financial Officer
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains statements that are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our momentum in 2009, future operations and future financial performance. These statements should be co
Slide 3: Unmatched Strength
Unmatched Strength 1. Includes affiliate offices 2. As of September 30, 2009 3. Based on 2008 revenues versus Jones Lang LaSalle Scale and Diversity 1.9x nearest competitor3 Thousands of clients, 88% of Fortune 100 $138.8 billion of transaction activity in 2008 No client comprises >3% of revenues Br
Slide 4: 2009 Milestones
2009 Milestones # 8 outsourcing company across all industries and # 1 in commercial real estate # 1 brand for eight consecutive years First commercial real estate services company in the Fortune 500; one of the Most Admired Companies in the real estate industry Corporate Responsibility Officer magaz
Slide 5: Our Strategy
Our Strategy Provide a complete suite of market leading services to property owners and occupiers through a fully integrated global business platform and a managed account strategy Asset Sale Investment Strategy Valuation Acquisition Financing Development Management Leasing Hold/Sell Strategy Space
Slide 6: Diverse Client Base
Diverse Client Base Diversified revenue spread across broad client base 2008 Revenue by Client Type Corporations 39% Insurance Co's/Banks 23% Pension Funds/P F Advisors 11% Individuals/Partnerships 9% REITs 5% Opportunity Funds 4% Government 3% Conduits/Wall Street Firms 1% Offshore Investors 1% Oth
Slide 7: Geographic Diversification
Geographic Diversification 1. Reflects Trammell Crow Company revenue contributions beginning on December 20, 2006 2. LTM 9/30/09 revenue was $4.2 billion #1 commercial real estate services firm in each of the major regions of the world LTM 9/30/09 Revenue2 2006 Revenue1 Americas 62% EMEA 23% Asia Pa
Slide 8: Revenue Diversification
Revenue Diversification LTM 9/30/09 Revenue 2006 Revenue1 1. Reflects Trammell Crow Company’s revenue contributions beginning on December 20, 2006 Contractual, fee-for-service, Property and Facilities Management business represented 40% of LTM revenue, up from 14% in 2006 Leasing 32% Appraisal & Val
Slide 9: Global Priorities for Growth
Be the industry leader (by revenue) in the world’s top markets Asset Services (Property Management) Global Corporate Services Global Investment Management Continue to control costs and strengthen the balance sheet Invest in enhancing our Shared Services systems and platform Global Priorities for Gro
Slide 10: Financial Performance
Financial Performance CBRE CB RICHARD ELLIS
Slide 11: Historical Revenue
Historical Revenue1 ($ in Millions) 1. No reimbursements are included for the period 1992 through 1996, as amounts were immaterial. Reimbursements for 1997 through 2001 have been estimated. For 2002 and forward, reimbursements are included. 2. Includes Trammell Crow Company activity for the period D
Slide 12: Historical Normalized EBITDA
Historical Normalized EBITDA1 ($ in Millions) 1. Normalized EBITDA excludes merger-related and other non-recurring costs, integration costs related to acquisitions, cost containment expenses, one-time IPO-related compensation expense, gains/losses on trading securities acquired in the Trammell Crow
Slide 13: Americas Business Overview
Americas Business Overview CBRE CB RICHARD ELLIS
Slide 14: 2008 Americas Corporate Stats
2008 Americas Corporate Stats Total Transaction Value $82.5 billion Property Sales (# of Transactions) 4,600 Property Sales (Transaction Value) $39.3 billion Property Leasing (# of Transactions) 29,050 Property Leasing (Transaction Value) $43.2 billion Property & Corporate Facilities Under Managemen
Slide 15: Americas Revenue by Service Line
Americas Revenue by Service Line 2004 Q3 2009 YTD Leasing Sales Property and Facilities Management Commercial Mortgage Brokerage Appraisal and Valuation Other 41% 33% 15% 6% 4% 1% 32% 10% 50% 2% 5% 1%
Slide 16: EMEA Business Overview
EMEA Business Overview CBRE CB RICHARD ELLIS
Slide 17: 2008 EMEA Corporate Stats
2008 EMEA Corporate Stats Total Transaction Value $37.5 billion Property Sales (# of Transactions) 1,900 Property Sales (Transaction Value) $22.2 billion Property Leasing (# of Transactions) 5,200 Property Leasing (Transaction Value) $15.3 billion Property & Corporate Facilities Under Management 333
Slide 18: EMEA Geographic Spread
EMEA Geographic Spread * Other: Includes UAE, Italy, Sweden, among others Revenue 2004 Q3 2009 YTD UK France Germany Spain/Portugal Benelux CEE Russia Ireland Other 62% 17% 4% 6% 5% 2% 4% 45% 20% 5% 7% 7% 3% 3% 2% 8%
Slide 19: EMEA Revenue by Service Line
EMEA Revenue by Service Line 2004 Q3 2009 YTD Leasing Sales Property and Facilities Management Appraisal and Valuation Other 32% 28% 26% 12% 2% 36% 15% 32% 14% 3%
Slide 20: Asia Pacific Business Overview
Asia Pacific Business Overview
Slide 21: 2008 Asia Pacific Corporate Stats
2008 Asia Pacific Corporate Stats * Includes affiliate offices Total Transaction Value $18.8 billion Property Sales (# of Transactions) 3,325 Property Sales (Transaction Value) $16.0 billion Property Leasing (# of Transactions) 10,350 Property Leasing (Transaction Value) $2.8 billion Property & Corp
Slide 22: Asia Pacific Geographic Spread
Asia Pacific Geographic Spread Revenue 2004 Q3 2009 YTD Pacific Greater China Singapore Japan Korea India Other 66% 15% 7% 3% 3% 6% 40% 17% 6% 2% 12% 23%
Slide 23: Asia Pacific Revenue by Service Line
Asia Pacific Revenue by Service Line 2004 Q3 2009 YTD Leasing Sales Property and Facilities Management Appraisal and Valuation Other 35% 30% 20% 15% 36% 14% 33% 13% 4%
Slide 24: Appendix
Appendix CBRE CB RICHARD ELLIS
Slide 25: Reconciliation of Normalized EBITDA to EBITDA to Net (Loss) Income
Reconciliation of Normalized EBITDA to EBITDA to Net (Loss) Income Notes: Includes EBITDA related to discontinued operations of $1.2 million for the year ended December 31, 2008 and $6.5 million for the year ended December 31, 2007. Includes interest income related to discontinued operations of $0.1
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