Jones Lang Lasalle Incorporated · NYSE:JLL
Jones Lang Lasalle — Q1 2013 Earnings Presentation
19 slides from Jones Lang Lasalle's earnings presentation, May 1, 2013
Slide 1: Supplemental Information First-Quarter 2013 Earnings Call
Exhibit 99.2 Supplemental Information First-Quarter 2013 Earnings Call
Slide 2: Market & Financial Overview
Market & Financial Overview Jones LANG LASALLE
Slide 3: Q1 Capital Markets and Leasing Volumes
Q1 Capital Uneven Total Flatconditions Marketsglobally & Leasing = Flat Markets Q1 forVolumes LeasingStrong volumes start Q1to2013 2013v.for Q1Capital 2012 Gross Markets Absorption Q1 2013Leasing v. Q1 2012 Americas Market(U.S. Volumes only)Capital 5% EMEAMarkets (Europe Americas only) 9% -2%EMEA As
Slide 4: Selected Business Wins and Expansions
Selected Cleveland Center, On Tiandi, Moscow—Square Business –Wuhan 487K Wins sf—Archstone – 1Mand sf—Ocean deExpansions Meeus, Crystal Towers, Brussels Global—Whirlpool Tower,—Microsoft, Shanghai – 431K sf—Mandarin – $303M—SCA – New 17MYork sf—Unisys Oriental, Property – 211K Paris –Group, sf2.7M W
Slide 5: Full-Year Capital Markets and Leasing Outlook
Full-Year Capital Gross Absorption Markets CapitalAmericas Markets Gross Absorption 9% & Leasing 15-20%Leasing Markets EMEA Americas Volumes 28% Flat(U.S. 2013 Asiaonly) Pacific Capital 5%26% Markets 0-5% 10-15% EMEA volumes Total (Europe projected 20%only) 10-15% up-2% 10%—15% 2013 Flat Leasing Asi
Slide 6: Projected Changes in 2013 Prime Office Values
Prime Moscow, Washington Sao Paulo—5-10% Offices Frankfurt, DC, – Projected Mexico Hong HongCity Kong Changes Kong Toronto, *New Shanghai, in Values, York Washington Sydney, – Midtown, 2013 Rental Mumbai DC, London Mexico Values Shanghai, –City Capital WestFrankfurt, Singapore, End, Values Paris Sto
Slide 7: Financial Information
Financial Information Jones LANG LASALLE
Slide 8: Q1 2013 Consolidated Revenue
Q1 201333Revenue $325.6 Consolidated over-year increases 3 2% $744.9 (4% Performance shown fee) 2012$244.9 2013 fee-based Fee Note: $218.0 revenue have Equity $186.4 been ($earnings in calculated $190.0 millions; of $210.7 $11.8M using % change $190.3 fee and revenue, in $5.5M 3 USD) 33 18% which in
Slide 9: Q1 2013 Revenue by Business Line
Q1 2013 Leasing $40.4 (1%) $210.7 Facility Advisory, 33(2%) Management, Capital Real 12%$82.3 Estate $167.9 $24.1 Markets 3Services 14% 3Project 7% 6% &$212.1 Hotels $720.8 $39.1 & Revenue Development 33$38.7 33% 7% 7%($ $18.5 Project 3Note: in 39% millions; 3Services Segment & 7% $58.2 Development
Slide 10: LaSalle Investment Management Revenue
LaSalleSeparate advisory Revenue Operating 34.8% Investment fee 2013 Revenue growth 2012 Accounts $Management •Q1 60 Strong 2013 $$21.5 67incentive AUM Securities Fund Q1=2013 Management $47.7 fees $4.5 Highlights and Billion $9.8 equity Equity $16.4 ($•in earnings Stabilized millions) Earnings Note
Slide 11: Balance Sheet Highlights
Solid$2012 funding $0.22 2013 870 Balance persources 538 share 11 Cash Sheet from with $ 133 Position $0.20 $275M $ 152per Short Long ($share in millions) Term – ToSenior Borrowings beQ1 paid 2013 Notes June 38 Highlights issued 14, 322013 Credit in Q4 • Modest Investment Facility 2012 • Q1 Healthy
Slide 12: Appendix
Appendix Jones Lanc LASALLE
Slide 13: Property Clocks: Prime Office Capital Values
Prime Kong San Value Mumbai to theFrancisco New overall Capital Offices—Capital Mumbai York, market. Values Capital Chicago, Tokyo London EMEA Value Value Tokyo Sao Moscow The Capital Clock, Paulo Madrid Jones Value Q1 London, Capital Brussels Lang 2012 Capital Values LaSalle Paris v Q1 Mexico Value
Slide 14: Property Clocks: Prime Office Rental Values
Prime A Moscow Mexico Houston Johannesburg, Grade Offices City space Sydney Milan Kong –Milan inSan Rental Dubai CBD San Francisco Washington or Clock, Francisco Boston equivalent. Sao Q1 Dallas DC, Rental 2012 Paulo US Mexico Rome vValue Houston positions Q1 Chicago, 2013 City Rental Rental relate
Slide 15: Fee Revenue and Margins Reconciliation
Fee Revenue Margins business Property Development 22.0 revenue amortization 24.8and diluted Q1 &Consolidated Facility fee ($ related /Services Expense inrevenue asmillions) gross Management to 31.9 the Fee Reconciliation exclude accounting King 2013 Revenue 26.3Sturge Total 2012 equity 19.1 requirem
Slide 16: Q1 2013 Consolidated Adjusted EBITDA
Q1 2013 Consolidated Consolidated adjusted charges. EBITDA Adjusted $47.7calculations. EBITDA* 2012 adjusted 2013Performance *EBITDA Segment Refer toEBITDA isslide ($ theinsum 19 millions) for isofcalculated Reconciliation the Americas EBITDAby adding of EMEA ofthe GAAP the four Asia segment’s Net s
Slide 17: Q1 2013 Markets Revenue
Q1 2013 Markets (2%) $24.1 $167.9 Management, $82.3 335% & Real 4%Hotels 3$39.1 $720.8 11% Project Estate 3$38.7 $212.1 2% 3Services &6% $18.5 Development 3 339% Note: 5%Revenue 3 $58.2 Project 5% Segment $81.7 3Services ($ & 48%and in Development 3 3% millions; $23.8 Consolidated and Consulting 3To
Slide 18: Reconciliation of GAAP Net Income to Adjusted Net Income
Reconciliation 000s) amortization, 45,055 44,685 net of 0.4 GAAPGAAP 1.6 Adjusted Netearnings Income netto per income Adjusted share$$16.0 0.29 Net$Income $22.3 0.31Shares GAAP and Earnings (in Net000s) income per 45,055 Share attributable 44,685 Q1 ($Adjusted in to millions) commonearnings 2013 sha
Slide 19: Reconciliation of GAAP Net Income to Adjusted EBITDA
Reconciliation 7.9 7.4 Provision of for GAAPincome Net taxes Income4.4to4.8 Adjusted Depreciation EBITDA andQ1 amortization ($ in millions) 19.12013 19.7 EBITDA 2012 GAAP $ 44.6 Net$income 45.9 Restructuring attributable to and common acquisition shareholders charges 3.1 $ 13.2 9.0 Adjusted $ 14.0 I