Klepierre Sa · EURONEXT:LI
Klepierre Sa — Non-Deal Roadshow (January 2019)
51 slides from Klepierre Sa's roadshow presentation, Jan 23, 2019
Slide 1: 2019 SRI London Roadshow
2019 SRI LONDON ROADSHOW JANUARY 23, 2019
Slide 2: Disclaimer
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 DISCLAIMER This document was prepared by Klépierre solely for use of its 2019 SRI roadshow. This document is not to be reproduced or distributed, in whole or in part, by any person other than the Company. The Company takes no responsibility for the us
Slide 3: Table of Contents
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 TABLE OF CONTENTS 01 02 03 KLÉPIERRE AT A GLANCE SUSTAINABILITY FRAMEWORK GOVERNANCE & PERFORMANCE 3
Slide 4: Klépierre at a Glance
01 KLEPIERRE AT A GLANCE KLEPIERRE SHOP. MEET. CONNECT.*
Slide 5: Leading European Players in the Listed Retail Property Market
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 LEADING EUROPEAN PLAYERS IN THE LISTED RETAIL PROPERTY MARKET Shopping centers property value in € millions 35,942 24,229 5,100 4,687 4,139 3,835 3,727 3,797 Source: Companies’ annual reports, as of June 30, 2018; Unibail’s portfolio prior to merger w
Slide 6: Key Figures and Shareholder Base
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 KLÉPIERRE KEY FIGURES SHAREHOLDER BASE €24.6bn Portfolio value (1) 1 share = 1 voting right €1.3bn 2017 Total revenues (2) Large presence of long-term shareholders 1.1bn Visitors 20.3% €8.5bn Market capitalization (3) 13.1% A- S&P Credit rating 66.6%
Slide 7: The Largest Pan-European Platform Hosting the Best International Brands
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 KLÉPIERRE: THE LARGEST PAN-EUROPEAN PLATFORM HOSTING THE BEST INTERNATIONAL BRANDS 215 stores 10 stores 11 stores 56 stores 66 stores 81 stores 88 stores 79 stores 72 stores 138 stores 68 stores 33 stores 7
Slide 8: A Portfolio Makeover to Accommodate the Transformation of Retail
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 A PORTFOLIO MAKEOVER TO ACCOMMODATE THE TRANSFORMATION OF RETAIL Since end 2012: Value of Klépierre’s mall portfolio by geography €10.1bn in assets acquired or developed 16% €5.1bn in assets divested 6% 45% increase in the portfolio value 4% to €23.7b
Slide 9: Shop. Meet. Connect.
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 SHOP. MEET. CONNECT.® 9
Slide 10: Our Operational Initiatives
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 OUR OPERATIONAL INITIATIVES Rightsizing Retailtainment Experience Planet Destination Food® Digital Hospitality Territories Brands going retail Emotion Design People 10
Slide 11: Why Is CSR at the Heart of Klépierre's Strategy?
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 WHY IS CSR AT THE HEART OF KLÉPIERRE’S STRATEGY? CSR impacts of a Klépierre average mall (2017 data) 3.7m kWh ca. 6.5m ca. 35,000 sq.m. 82 Energy consumed Gross leasable area Tenants €231k Visitors/year 2 ca. kgCO2e Emissions/visit 632 tons Waste gene
Slide 12: Sustainability Framework & Performance
02 S U S TA I N A B I L I T Y F R A M E W O R K & PERFORMANCE 12
Slide 13: Our Stakeholders
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 OUR STAKEHOLDERS SHAREHOLDERS AND FINANCIAL PARTNERS Property portfolio of PUBLIC AUTHORITIES €23.8bn ECONOMIC PARTNERS €79m in local taxes Operational budgets of and 80,000 jobs generated ca. €346m RETAILERS EMPLOYEES 1,264 VOLUNTARY ASSOCIATIONS SHO
Slide 14: A Robust Monitoring System
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 A ROBUST MONITORING SYSTEM ANALYSIS Sustainability Dashboard • Benchmark analysis of centers MONITORING • Identification of areas for Sustainability Reporting improvement • Monthly monitoring for • Personalized goals energy, water and waste DEFINITION
Slide 15: An Even More Ambitious CSR Strategy
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 AN EVEN MORE AMBITIOUS CSR STRATEGY TO SUPPORT THE BUSINESS AND PROMOTE SUSTAINABLE PERFORMANCE 15
Slide 16: A 3-Tier Approach
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 A 3-TIER APPROACH With an ambition for 2030, and an action plan for 2022 “ACT FOR THE PLANET” Developing a portfolio of shopping centers that generate environmental benefits “ACT FOR TERRITORIES” Designing and operating our centers as “local hubs” tha
Slide 17: Act for the Planet
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 ACT FOR THE PLANET 2030 Ambition Move from “good- Together with To be Foster new mobility performing” assets our retailers, acknowledged as trends to an efficient and transform our an to accelerate the carbon positive activity in a environmental trans
Slide 18: Act for the Planet: 5-Year Action Plan
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 ACT FOR THE PLANET 5-year action plan: 4 commitments to develop a portfolio of shopping centers that generate environmental benefits Working for a low-carbon Strive for a circular Develop a fully-certified Innovate towards green future economy portfol
Slide 19: Prado Center Certified Cradle to Cradle
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 PRADO CENTER CERTIFIED CRADLE TO CRADLE® (FRANCE) First shopping center in France to obtain this certification Aim: encouraging the use of recyclable or reusable materials while considering their future processing from the outset. 19
Slide 20: Waste Management at Emporia (Sweden)
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 WASTE MANAGEMENT AT EMPORIA (SWEDEN) 26 types of waste sorted on site Reverse logistic mechanism 20
Slide 21: CO2 Sensors at Nový Smíchov
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 CO2 SENSORS AT NOVÝ SMÍCHOV (CZECH REPUBLIC) Thanks to this equipment, the ventilation can be completely stopped 3,000 hours/year Cost: €15,000 and payback time is only 0.2 year! 21
Slide 22: Green Roof at Alexandrium Center
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 GREEN ROOF AT ALEXANDRIUM CENTER (THE NETHERLANDS) When renovating the roof of the center, over 22,000 sq.m. of sedums were planted 22
Slide 23: World's Biggest Underground Bike Parking Center
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 WORLD’S BIGGEST UNDERGROUND BIKE PARKING CENTER IN HOOG CATHARIJNE (THE NETHERLANDS) Ability to stow away 12,500 bicycles 23
Slide 24: Act for Territories
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 ACT FOR TERRITORIES 2030 Ambition Impose our centers Drive social responsibility Co-design as in our sphere of influence the shopping malls local value creators of the future 24
Slide 25: Act for Territories: 5-Year Action Plan
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 ACT FOR TERRITORIES 5-year action plan: 4 commitments to design and operate our centers as “local hubs” that stimulate value creation Increase local Participate in local Pursue citizenship Involve local stakeholders employment around our economy engag
Slide 26: Young Entrepreneurs Fair at Kupolen Center
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 YOUNG ENTREPRENEURS FAIR AT KUPOLEN CENTER (SWEDEN) 200 companies owned by young people took part in the fair Footfall: + 40% Restaurants turnover X3 26
Slide 27: Pedagogical Garden at Campania (Italy)
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 PEDAGOGICAL GARDEN AT CAMPANIA (ITALY) 99% recycled waste 25 restaurants/bars of the center give their organic waste to produce compost 10,000 kids welcomed every year (50 schools nearby) 27
Slide 28: 13th Job Fair at Val d'Europe
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 OUR 13TH JOB FAIR AT VAL D’EUROPE (FRANCE) More than 1,200 job offers 62 exhibitors 250 contracts signed 28
Slide 29: Act for the People
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 ACT FOR THE PEOPLE 2030 Ambition Be the leader of Achieve Enable Put our industry in recognition as a more philanthropy customer care an employer of ethical at the heart reference business of our action 29
Slide 30: Act for the People: 5-Year Action Plan
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 ACT FOR THE PEOPLE 5-year action plan: 5 commitments to empower our communities in a sustainable way Continuously Promote health & Offer a positive Spread ethics Be social increase the well-being in our employee experience among our conscious 100% e
Slide 31: First Utrecht Night Run, Hoog Catharijne
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 FIRST EDITION OF THE UTRECHT NIGHT RUN, HOOG CATHARIJNE (THE NETHERLANDS) Adventure-route run through the city center of Utrecht and through the shopping center 3,750 participants 31
Slide 32: Participate in the Company's Future
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 PARTICIPATE IN THE COMPANY’S FUTURE (FRANCE) On the occasion of the grouping of teams from the Paris HQ in the 26 Capucines building, a team co-designed the development of its new work space with the help of a consultant 32
Slide 33: Philanthropic Actions Related to Food at Markthal
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 VARIOUS PHILANTHROPIC ACTIONS RELATED TO FOOD AT MARKTHAL (THE NETHERLANDS) Example: fight against food waste in partnership with the Food Bank 20 sq.m. allocated, 15 working hours and 15 days dedicated to philanthropic actions 33
Slide 34: First Act for Good Event in Our Centers
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 FIRST ACT FOR GOOD® EVENT IN OUR CENTERS! Day without shopping bags: 130+ Retailers engaged 22,000 Tote bags distributed In-mall animation: Local artists invited Second life of products workshops Social boost: Facebook game 4,000 likes (above centers’
Slide 35: Energy Footprint
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 ENERGY FOOTPRINT Like-for-like basis energy consumption (kWh/sq.m) Act for Good Objective -17% in 4 years 135 (2013-2017) 122 119 115 113 81 Target 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 -40% in 2022 in kWh, vs. 2013 35
Slide 36: Climate Change (Carbon Footprint)
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 CLIMATE CHANGE (CARBON FOOTPRINT) Scope 1 & 2 Weight of each scope in total emissions Broader carbon footprint in tCO2e – Scope 1 & 2 2017 current basis (96% coverage): 138 shopping centers representing 4,988,828 sq.m. EPRA: 6.5 Market based Location
Slide 37: Climate Change (Carbon Footprint) Scope 3
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 CLIMATE CHANGE (CARBON FOOTPRINT) Scope 3 Weight of each scope in total emissions Broader carbon footprint in tCO2e – Scope 3 2017 current basis (96% coverage): 138 shopping centers representing 4,988,828 sq.m. EPRA: 6.5 Scope 1: 1% Scope 2: 5% Scope
Slide 38: Climate Change (Carbon Emission Reduction)
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 CLIMATE CHANGE (CARBON EMISSION REDUCTION) gCO2e/visit (location based) 166 -19% 155 in 4 years (2013-2017) 148 143 135 Target Carbon positive portfolio by 2030 2013 2014 2015 2016 2017 2018 2019 2020 38
Slide 39: Certification
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 CERTIFICATION Share of certified shopping centers (in value) current basis Act for Good Objective 100% 138 assets certified 75% in 2017 68% 65% 51% 36% Target 100% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 in 2022 39
Slide 40: Waste Efficiency
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 WASTE EFFICIENCY Waste enhanced % recovered Act for Good Objective 100% 75% of waste recovered in 2017 75% 75% 75% Target 63% 100% of waste 59% diverted from 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 landfill in 2022 40
Slide 41: Act for Good Starting Point at a Glance: Planet
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 ACT FOR GOOD® STARTING POINT AT A GLANCE Act for the Planet 100% 100% 100% 100% 100% 96% 75% 75% 60% 55% -40% -17% Reduced energy Percentage of renewable Percentage of waste Percentage of centers with Percentage of shopping Percentage of shopping cons
Slide 42: Act for Good Starting Point at a Glance: Territories
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 ACT FOR GOOD® STARTING POINT AT A GLANCE Act for Territories 100% 100% 100% 100% 100% 59% 44% 40% 37% 24% Percentage of local service Percentage of centers having Percentage of centers having Percentage of centers having Percentage of centers having s
Slide 43: Act for Good Starting Point at a Glance: People
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 ACT FOR GOOD® STARTING POINT AT A GLANCE Act for People 100% 100% 100% 100% 100% 90% 67% 42% 31% 30% Percentage of shopping centers Percentage of shopping centers Rate of access to training for Percentage of Klépierre Percentage of Klépierre promoting
Slide 44: Building Up on an Undisputed Sustainability Leadership in Europe
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 BUILDING UP ON AN UNDISPUTED SUSTAINABILITY LEADERSHIP IN EUROPE 2018 GREEN STAR 2018 GOLD AWARD 2017 A-LIST Among the top 5 European 1 of just 5 companies to Only European real estate listed retail players receive this award for the company in the “A
Slide 45: Governance
03 GOVERNANCE KLEPIERRE SHOP. MEET. CONNECT.*
Slide 46: Composition of the Supervisory Board
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 COMPOSITION OF THE SUPERVISORY BOARD A gender-balanced, international and largely independent composition Robert FOWLDS 46
Slide 47: Composition of the Special Committees
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 COMPOSITION OF THE SPECIAL COMMITTEES Compliant with the best standards 4 committees Audit Audit and Nomination & 3 meetings in 2017, participation rate of 100% Compensation Committees: Nomination & Compensation Chaired by independent members 6 meetin
Slide 48: Highly Knowledgeable Board
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 HIGHLY KNOWLEDGEABLE BOARD A diversified mix of high-profile Board members with industry-wise expertise Human International Real Estate Managerial Board member Finance Retail resources and Digital Experience Sector Experience governance David Simon
Slide 49: Optimal Shareholders/Management Alignment
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 OPTIMAL SHAREHOLDERS/MANAGEMENT ALIGNMENT THROUGH INNOVATIVE & FULLY-DISCLOSED COMPENSATION POLICY 72.5% Share of Executive Board compensation that is variable CSR performance criteria Integrated in the variable compensation > 4x fixed compensation Hi
Slide 50: Compensation Policy for 2018
KLÉPIERRE LONDON SRI ROADSHOW — JANUARY 23, 2019 COMPENSATION POLICY FOR 2018 COMPENSATION POLICY FOR 2018 Variable compensation Long-term incentive Capped at 130% of the fixed compensation Shares granted Capped at 125% of subject to the short-term performance compensation conditions • Market absolu
Slide 51: Thank You!
THANK YOU! KLEPIERRE SHOP. MEET. CONNECT.*