Unibail-Rodamco-Westfield SE · EURONEXT:URW
Unibail-Rodamco-Westfield — Unibail-Rodamco — Investor Day (May 2016)
32 slides from Unibail-Rodamco-Westfield's investor day presentation, May 12, 2016
Slide 1: Unibail-Rodamco in the Nordics – 2016 Investor Days
Unibail-Rodamco in the Nordics – Lars-Åke Tollemark, Managing Director Nordics 2016 INVESTOR DAYS
Slide 2: Disclaimer
DISCLAIMER Unibail-Rodamco S.E., a Société Européenne à Directoire et Conseil de Surveillance incorporated under French law, is a listed closed end property investment company. Unibail-Rodamco is registered with the French Authority of Financial Markets (AMF). The value of your investment may fluctu
Slide 3: Nordics Macro Overview
NORDICS MACRO OVERVIEW Population 2015 (Mn) GDP per capita 2014 (€) 73,494 9.7 44,414 46,178 5.7 5.5 5.2 37,559 Sweden Denmark Finland Norway Sweden Denmark Finland Norway Cities above 500k 10 fastest growing cities Inhabitants in the Nordics (Mn) 11.0% in Europe 2015-2020 10.3% 2.2 1.8 7.9% 1.6 5.8
Slide 4: Macro Overview
MACRO OVERVIEW 3.5% GDP Growth (%) Private Consumption (%) 3.3% 2.7% 2.4% 2.4% 2.2% 2.2% 2.2% 2.0% 1.7% 1.8% 1.8%1.9% 1.6% 1.6% 1.6% 1.4% 1.3% 1.2% 1.1% 0.7%0.6% 0.5%0.6% Sweden Denmark Finland Norway Sweden Denmark Finland Norway 2015 2016 2017/FY-2020 CAGR 2015 FY-2016 2017-2020 CAGR Unemployment
Slide 5: Retail Growth and Increased Savings in Sweden
RETAIL GROWTH AND INCREASED SAVINGS IN SWEDEN Retail growth Sweden 7.4% 6.6% 6.0% 6.1% 5.5% 4.9% 4.7% 3.5% 3.5% 3.4% 3.6% 3.7% 3.4% 2.1% 1.9% 0.8% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Savings rate 16.2% 15.3% 15.2% 15.3% 12.5% 12.3% 12.5% 11.1% 9.2% 7.7% 7.
Slide 6: Sweden: The Importance of Stockholm
SWEDEN: THE IMPORTANCE OF STOCKHOLM GRP per capita in cities above 500k inhabitants (€) GDP (% of total) Sweden 2009-2013 Inner London West 172,600 100% Luxembourg 87,600 90% Oslo 81,300 80% Inner London East 65,400 70% Brussels 62,900 Stockholm 62,200 60% Hamburg 59,000 50% Copenhagen 58,100 40% Pa
Slide 7: Swedish Retail Distribution
SWEDISH RETAIL DISTRIBUTION Shopping Centres 21.3% Other retail 56.4% Retail Parks 16.3% E-Commerce 6.0% Source: HUI 7
Slide 8: Stockholm
STOCKHOLM Purchasing power (SEK Bn) 2014 2023 Municipality 66 86 +30% County 160 209 +31% Source: HUI 8
Slide 9: The Nordics Portfolio
THE NORDICS PORTFOLIO 9 Shopping Centres Arninge Centrum Arlanda Örebro 9
Slide 10: Unibail-Rodamco Nordics Shopping Centres Portfolio KPIs
UNIBAIL-RODAMCO NORDICS SHOPPING CENTRES PORTFOLIO KPIs €3.3 Bn 68.6 Mn 447,000 6 80% 3 Large of Nordics GMV Non-core Total GMV Total footfall Total m² GLA shopping centres in Stockholm retail assets 4 in Stockholm 1 in Helsinki 1 in Copenhagen 10
Slide 11: Unibail-Rodamco Strategy Carried Out in the Nordics
UNIBAIL-RODAMCO STRATEGY CARRIED OUT IN THE NORDICS Nordics Shopping Centre Portfolio 2009 16 €112 Mn €1.8 Bn 5.8% 29,285 m² 4.7 67.1% 2013 9 €249 Mn €2.2 Bn 5.0% 41,550 m² 5.9 86.5% 2015 9 €371 Mn €3.3 Bn 4.5% 49,637 m² 7.6 96.4% Retail assets Average GMV GMV NIY Average GLA Average Footfall Large
Slide 12: Mall of Scandinavia
MALL OF SCANDINAVIA GLA retail 101,048 m² The biggest shopping centre TIC €657 Mn in Scandinavia 224 stores The highest international standards in terms of design and offer 3,700 parking spaces 7 minutes from Stockholm city centre 1.7 Mn inhabitants/30 min 2.3 Mn/60 min 35,000 workers, a 50,000-seat
Slide 13: Mall of Scandinavia: A Leasing Success
MALL OF SCANDINAVIA: A LEASING SUCCESS Fashion Health & Beauty Sports & Leisure Food Anchors Retail Other 7% 62% 5% Restaurants 12% GLA PER SECTOR Family Interior Design Bags, Shoes Leisure & Accessories 14% 13
Slide 14: Täby Centrum
TÄBY CENTRUM GLA retail 78,000 m² Footfall 12.3 Mn 260 shops and restaurants 3,000 parking spaces Catchment area 1.42 Mn inhabitants within 30 minutes
Slide 15: The Impact of the Extension
THE IMPACT OF THE EXTENSION Before Total TIC: €320 Mn After North Central Square Central Square extension Refurbishment refurbishment Delivery: October 2011 South Extension South +14,000 m² extension Delivery: August 2013 North Extension +10,000 m² Delivery: May 2014 Other retail +4,000 m² Delivery:
Slide 16: Täby Centrum
TÄBY CENTRUM Täby sweet Täby, a home away from home Strong connection to the region “Bringing the world to Täby” (international brands) Opened: 1968 Located in one of Sweden’s Extended: 1991 wealthiest areas Refurbished/extended: 2011-15 Voted best Swedish shopping 4-Star Label centre in 2014 and 20
Slide 17: Centre for Market Entries
CENTRE FOR MARKET ENTRIES 1st in Nordics 1st in Sweden 1st in Sweden 1st in Sweden 1st in the Nordics 1st in Sweden 1st in Sweden 1st in a SC in Sweden 1st in a SC in Sweden 1st in a SC in Stockholm 17
Slide 18: Nacka Forum
NACKA FORUM Nacka Eastern part of Stockholm One of the fastest growing municipalities GLA 54,000 m² Footfall 6.3 Mn 148 shops and restaurants 1,900 parking spaces Catchment area 1.6 Mn within 30 min 18
Slide 19: Nacka Forum
NACKA FORUM Ranked most 1st Nordic Nacka Forum Rodamco Atrium extension preferred centre 4-star shopping Nacka Forum Opens Acquisition Opens in Stockholm centre today 1989 1996 2008 2011 2012 2016 4.2 Mn 5.8 Mn 6.1 Mn 6.3 Mn 28,000 m² 54,000 m² 1.6 Mn inhabitant catchment Excellent motorway area wit
Slide 20: Position: The Nacka Hub for Everyday Needs
POSITION: THE NACKA HUB FOR EVERYDAY NEEDS DYNAMIC, JOYFUL, CONVENIENT The Centre Leading international brands First choice of Nacka City local life with local champions for Nacka families Located in the heart of Nacka Voted by the consumers 3rd Best Shopping Centre in Stockholm in Easy access by ca
Slide 21: Nacka: Positioned for Growth
NACKA: POSITIONED FOR GROWTH 14,000 apartments 10,000 workplaces Extended metro line Nacka population expected to grow from 98,000 to 123,000 inhabitants in 2024 T Metro to be delivered by 2025 Municipality vision 21
Slide 22: Solna Centrum: The Obvious Convenience Choice
SOLNA CENTRUM: THE OBVIOUS CONVENIENCE CHOICE FOR THE PEOPLE OF SOLNA GLA Latest refurbishments 50,000 m² retail in 2011 for TIC 21,000 m² offices of €29.9 Mn 7 Mn visitors in 2015 90% of customers 120 shops coming to Solna Centrum within a 4-min drive 18 restaurants 53% 250 hotel rooms of customers
Slide 23: Solna Centrum: Current Positioning
SOLNA CENTRUM: CURRENT POSITIONING Position: Local convenience shopping centre Broad offer of stores and variety of services Easy access (subway gates, bus terminal, tram station) Opened: 1965 75,000 people in Solna +65,000 people commuting for work Population to grow by Acquired: 1985 ~+40% until 2
Slide 24: Mall of Scandinavia and Solna Centrum
MALL OF SCANDINAVIA AND SOLNA CENTRUM Solna Centrum re-positioning started long before the opening of Mall of Scandinavia Anticipated impact on footfall and sales (-10% LfL sales YTD as of Mar-16) Primarily on weekends and on non-food products Ongoing re-positioning local convenience New residenti
Slide 25: Solna Centrum – Re-positioning for Future Growth
SOLNA CENTRUM – RE-POSITIONING FOR FUTURE GROWTH CITY PULSE CONVENIENCE EVERYDAY LIFE Beating heart of Solna municipality Transformation Inspiration from the city Taking the outside inside Vibrant city streets rather than conventional malls 2010 2011 2012 2013 2014 2015 2016 Refurbishment project (T
Slide 26: Fisketorvet – Copenhagen Mall
FISKETORVET – COPENHAGEN MALL GLA 59,600 m² 119 shops 1,600 parking spaces Refurbished: 2012 Footfall 2015: 8.6 Mn Catchment area 1.7 Mn within 30 min 26
Slide 27: Fisketorvet – Background Information
FISKETORVET – COPENHAGEN MALL BACKGROUND INFORMATION Denmark’s economy suffered since 2007 After long period of stagnation it started to take off again in 2015 Big refurbishment in 2012 Market rent case strategy in a country with never ending leases 27
Slide 28: Position: The Copenhagen Mall
POSITION: THE COPENHAGEN MALL The shopping & leisure Leading international brands A place for socializing destination of Copenhagen with local champions and excitement Located in the centre of Copenhagen, A leading weekend destination for locals along the city waterfront A great family attraction, w
Slide 29: Fisketorvet – Copenhagen Mall Extension
FISKETORVET - COPENHAGEN MALL EXTENSION Background information Retail extension Substantial developments (2015-2023) +15,000 m² new net GLA New metro line with Fisketorvet 1st station Upgrading exterior facades, creating green areas after city centre (2023) and restaurants New IKEA store of 37,000 m
Slide 30: Jumbo
JUMBO GLA 85,100 m² 122 shops 4,600 parking spaces Footfall 2015: 10.5 Mn Catchment area 1.2 Mn within 30 min 30
Slide 31: Jumbo – Summary
JUMBO – SUMMARY Built 1999 GLA Number of units extended 85,100 m² 122 2005 Footfall Total Sales 10.5 Mn €396 Mn The centre Unibail-Rodamco Unibail-Rodamco share of with the highest owned rental income (excl. hypermarkets) total sales 55% in Finland 29,990 m² 31
Slide 32: www.unibail-rodamco.com
unibail-rodamco www.unibail-rodamco.com