BNP Paribas REIM Italy. Corporate Presentation 2016

Transcription

1 BNP Paribas REIM Italy Corporate Presentation 2016

2 Content 1 BNP PARIBAS REAL ESTATE 2 BNP PARIBAS REIM INTERNATIONAL BUSINESS LINE 3 BNP PARIBAS REIM ITALY 2

3 1 BNP PARIBAS REAL ESTATE 2 BNP PARIBAS REIM INTERNATIONAL BUSINESS LINE 3 BNP PARIBAS REIM ITALY 3

4 BNP Paribas REAL ESTATE Corporate and Investment Banking 194,400 professionals in 80 countries International Financial Services (30,600 employees) Retail Banking BNP Paribas Group is one of the five biggest banks BNPin Paribas EuropeGroup and has is one of ofthe thefive largest biggest international banks Europe networks and with has one operations of the largest in nearly international 80 countries networks and with almost operations 200,000 in employees. nearly 80 countries and almost 200,000 employees. International Financial Services Group is a top-tier International international Financial player Services with extensive Group is a global top-tier reach. international Its footprint player covers with 60 countries extensive withglobal 30,600 reach. people Its footprint withincovers Insurance 60 countries and Asset withmanagement 30,600 people Industry. within Insurance and Asset Industry. BNP Paribas Real Estate is part of International BNP Paribas Financial Real Services Estate Group, is which part of is International one of the Financial 3 core businesses Services Group, of BNP which Paribas is onegroup of theand 3 core combines businesses the different of BNP areas Paribas of real Group estate andexpertise combinesto the assist different its clients, areasusers, of real individuals, estate private tor assist public its sector, clients, occupiers users, individuals, or investors. private In order public to accompany sector, occupiers the globalisation or investors. of real In estate order to strategies, accompany BNPthe Paribas globalisation Real ofestate real estate is present strategies, in 30 countries BNP Paribas and makes Real available Estatea is network present of in ca countries offices around and makes the world. available a network of ca.140 offices around the world. 3,400 professionals 4

5 BNP Paribas REAL ESTATE - Business Model Business Model 6 COMPLEMENTARY BUSINESS LINES Bnp Paribas Real Estate combines all the expertise necessary to generate value from your property assets, at every stage in your property lifecycle The aim of this wide range of services is to secure a genuine competitive advantage for you in terms of efficiency, quality of service and value creation INTERNATIONAL PRESENCE AND LOCAL KNOWLEDGE Thanks to our extended geographical coverage, our 3,400 employees offer you support and guidance internationally. We also remain close by operating in local markets about which we have specialist knowledge, means that we are at your side in all your property-related needs WORKING FOR SUSTAINABILITY Seeking the best performance while meeting economic and human environment criteria, developing the skills of our employees, facilitating access to training, supporting disability, encouraging diversity ad taking part in business and social activities on the sites where we operate, are just some of the ways in which we incorporate sustainability into our strategy and helps to be a socially responsible company. 5

6 1 BNP PARIBAS REAL ESTATE 2 BNP PARIBAS REIM INTERNATIONAL BUSINESS LINE 3 BNP PARIBAS REIM ITALY 6

7 BNP PARIBAS REIM INTERNATIONAL BUSINESS LINE More than 20 billion AuM Present in 8 countries: Belgium, Spain, France, Italy, Luxembourg, United Kingdom, Netherlands and Germany 7

8 INTERNATIONAL RESEARCH - INVESTMENT MANAGEMENT TEAM BNPPRE central research team MAURIZIO GRILLI MSc in Economics Head of Investment Management Analysis and Strategy BNPPRE local research teams (where IM is active) 27 professionals France Germany Italy Belgium Spain UK 8

9 1 BNP PARIBAS REAL ESTATE 2 BNP PARIBAS REIM INTERNATIONAL BUSINESS LINE 3 BNP PARIBAS REIM ITALY 9

10 BNP PARIBAS REIM ITALY BNP Paribas REIM Italy is a collective portfolio management Company established in Funds under Mgt. (Dec-2015) # 28 Assets under Mgt. (Dec-2015) ~ 5.8 bn Staff ~ 60 resources BNPParibasREIMItalyisthe3 rd FundManagerinItalyintermsofAUM(source:Assogestioni). # Fund Manager AuM 31 Dec 2015 ( mil) % of Total AuM Italy cumulated % 1 Idea Fimit (Merger of 2 SGR) % 15% 2 Investire Immobiliare (Merger of 3 SGR) % 27% 3 BNP Paribas REIM Italy % 38% 4 Generali Immobiliare Italia % 48% 5 Coima % 57% 6 Prelios % 64% 7 Fabrica Immobiliare % 71% 8 Sorgente % 75% 9 Serenissima % 78% 10 Castello % 81% BNP Paribas REIM Italy has been appointed Best Investment Manager in Italy in the real estate sector for 3 years in a raw (2012, 2013, 2014) by the international finance magazine Euromoney Real Estate survey, carried out on a pool of real estate bankers, developers, investment managers, corporate endusers and advisory firms in over 70 countries Other Fund Manager % 100% Total AuM RE SGRs Italy

11 BNP Paribas REIM Italy The organizational structure of the BNPP REIM (team of 70 people) is based on a Fund Management team split in three sub-areas identified by risk/return profile of funds: (i) Core Funds, (ii) Value Added Funds, (iii) Opportunistic and Development Funds and two transversal business departments ( Asset Management and Sales Management teams). The Asset Management structure is split by asset typology, ensuring the best professional specialization of the teams allocated on the specific asset class. The asset sectors identified and headed by specific managers are: (i) Office, (ii) Retail, (iii) Residential, (iv) Industrial- Logistics/Other, (v) Technical/Development and Refurbishment Activities. The Sales Management structure is split by asset typology as well, to grant the best professional specialization. The asset sectors identified and headed by specific managers are: (i) Office, (ii) Retail & Mixed Use, and (iii) Residential and Fractional. 11

12 BNP Paribas REIM Italy: History 12

13 BNP Paribas REIM Italy: Asset class and risk profile diversification The strong asset class and fund strategy diversification is one of the main characteristics of BNP Paribas REIM Italy A high level of specializing skills have been nurtured in the organisation since its inception and are today one of its most competitive assets 9% 4% 6% 3% 27% Retail 30% 61% Core Value Added Opportunistic 32% Residential Office Other Industrial / Logistic 28% Hotel (Dec-2016) (Dec-2016) 13

14 Transaction Dpt. Focus: recent years (2012 Dec 2016) In the last three years, the SGR has carried out several and important investments in a wide range of asset classes and risk-profile, for an overall value of Euro 2,8 billion. Here below described the asset allocation, the deal structure, the risk profile and geographical allocation of the finalized investments. Given the target allocation requested in the proposal it is possible to make the following considerations: More than 70% of all our investments are focused in Office (45%), Retail (10%) and Industrial/Logistic (17%). Deal Structure Asset Allocation 10% Office 35% 65% Acquisition Contribution 21% 4% 3% 45% Industrial/Logistic Hospitality Other Residential Retail 17% (Dec-2016) (Dec-2016) 14

15 Transaction Dpt. Focus: recent years contributions (2012 Dec 2016) Almost the 50% of all our investments have a Core/Core Plus risk profile. Milan and Rome together represents the 75% of the overall investments value and are the two major real estate markets in Italy. Risk Profile Geographical Allocation 1% 45% 46% Core/ Core plus Opportunistic Value Added/Trading 45% 49% Centre North East North West South & Islands 9% 5% (Dec-2016) (Dec-2016) 15

16 BNP Paribas REIM Italy: Client Portfolio overview Retail Dec ,7 bn/ 12% Some International clients: Ageas Allianz Blackstone CdC France Cerberus Colony Capital Klépierre Group LaSalle Partners Group Townsend Tristan Partners WP Carey Total AuM EUR 5,5 billion (28 Funds) Institutional Clients 4,8 bn/ 88% 16

17 BNP Paribas REIM SGR p.a. MILAN HEADOFFICE ROME OFFICE Piazza Lina Bo Bardi, Milan, Italy Via di San Basilio, Rome, Italy IVANO ILARDO - FRICS CEO & General Manager Tel: Mob: ivano.ilardo@bnpparibas.com MASSIMO TIRABELLA Head of Investor Relations Tel: Mob: massimo.tirabella@bnpparibas.com LUCA SAPORITI Head of Fund Management Tel: Mob: luca.saporiti@bnpparibas.com MARIO VITIELLO CFO & Head of Valuation Tel: Mob: mario.vitiello@bnpparibas.com 17