PATRIZIA. The European Real Estate Investment Company. Company Presentation. May 2017
|
|
- Rudolph Waters
- 6 years ago
- Views:
Transcription
1 PATRIZIA The European Real Estate Investment Company Company Presentation May 2017 PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse Augsburg T F immobilien@patrizia.ag
2 PATRIZIA is the leading listed European real estate investment firm Top 3 15 markets European real estate dealmaker* with local operations across Europe EUR 19bn 33 years >200 EUR 700m assets under management experience in real estate institutional clients globally available for further growth * PropertyEU dealmakers ranking, last published on March 3,
3 PATRIZIA continues on its growth path ASSETS UNDER MANAGEMENT (in EUR billion) TOTAL RECURRING FEE INCOME (in EUR million) Q1/17 EQUITY RAISED (in EUR billion) Q1/17 New equity raised Equity raised in previous years accumulated * Excluding EUR 103.4m of exceptional fee income from SÜDEWO * 2016 Q1/17 ASSET MANAGEMENT FEE INCOME (in EUR million) Q1/17
4 PATRIZIA s business model is focused on real estate investments DIRECT ACCESS TO EQUITY AND ASSETS Fundraising >200 Investors Broad and long-term oriented institutional investor base Rapidly growing share of international investors, particularly from Asia PATRIZIA Product Development 50 Funds/SPVs Multi-fund platform to meet diverse clients needs Potential alignment of interests through co-investments by PATRIZIA Deal Sourcing 19bn Assets Unique access to the attractive European real estate market Investment expertise across all segments and risk styles 4
5 Risk PATRIZIA s expertise spans a variety of assets and deal structures EUR 19.1BN AUM ACROSS THE RISK - RETURN SPECTRUM MANAGING ALL MAJOR SEGMENTS EUR 0.4bn (2%) Opportunistic 2% 3% 2% 2% 3% Office Retail 34% Residential EUR 6.8bn (36%) Value add EUR 11.9bn (62%) Core/Core+ Return 38% 16% Light Industrial Logistics Hotel Nursing care Other INVESTING ACCORDING TO CLIENTS NEEDS Commingled Funds (Institutional) Separate Accounts Strategic pooling of equity with a focus on geography, sector and style Tailored solutions for individual direct mandates EUR 9.9bn (52%) Investment solutions for a small Club Deals EUR 0.7bn (4%) number of institutional investors Principal Investments Commingled Funds (Retail) Investments on PATRIZIA s own account Investment solutions for a pool of retail investors EUR 8.0bn (41%) EUR 0.1bn (1%) EUR 0.4bn (2%) GEOGRAPHICAL BREAKDOWN OF ASSETS 7% 10% 3% 5% 8% 67% Germany UK & Ireland Netherlands Nordics France & Belgium Other 5
6 PATRIZIA is invested in highly attractive European markets PRESENCE IN GROWING AND STABLE AREAS 0.4% 1.4% 0.6% 1.0% 1.0% LOW COUNTRY RISKS IN CORE GEOGRAPHIES PATRIZIA offices 1.6% 1.4% 2.4% 1.8% 1.7% 1.9% 1.3% 0.8% 0.9% 1.5% Germany UK & Ireland* Netherlands Nordics* France & Belgium* Real GDP CAGR: 10A-15A 15A-20E x% 10-year government bond yield Source: IMF, Bloomberg LOW UNEMPLOYMENT RATES IN KEY COUNTRIES 67% 10% 7% 5% 3% 4.3% 5.3% 6.7% 6.5% 9.6% Germany UK & Ireland* Netherlands Nordics* France & Belgium* Unemployment rate (2015A) x% PATRIZIA geographical breakdown of assets Source: IMF Source: S&P Note: Nordics includes Denmark, Finland, Norway and Sweden; * Weighted average based on 2015A GDP 6
7 Public Pension Fund Superannuation Scheme Private Sector Pension Fund Sovereign Wealth Fund Endowment Plan Insurance Company Foundation UK North America Switzerland Australia South Korea Netherlands Germany Denmark Japan Investors worldwide are currently under-allocated to real estate INVESTMENT PRESSURE BY TYPE OF INVESTOR Average allocation to real estate (as % of overall portfolio) INVESTMENT PRESSURE BY COUNTRY Average allocation to real estate (as % of overall portfolio) 10.1% 9.0% 9.1% 8.6% Current Allocation Target Allocation 9.9% 9.6% 9.3% Ø 9.1% 7.9% 8.1% 7.7% 7.4% Ø 7.2% 6.1% 5.9% 5.3% Current Allocation Target Allocation 20.8% 15.0% 12.9% 12.3% 13.4% 11.5% 10.7% Ø 11.7% 10.6% 10.3% 10.3% 8.9% 8.1% 7.7% Ø 8.6% 7.4% 6.8% 7.3% 5.2% 4.0% Source: Brookfield Financial Source: INREV 7
8 PATRIZIA continues to drive growth from its competitive strength Large track record as independent European investment firm Resulting position of competitive advantage Transactions Fundraising Financing Transactions worth EUR 25.3bn completed since 2012 More than 8.5 million sqm and 700 properties under management Consistently ranked among top 3 European dealmakers (PropertyEU) EUR 8.5bn of equity raised since 2012 Above 200 institutional clients, largely invested in multiple products Broad range of investment vehicles from open to closed end and public to private EUR 8.9bn of financing volume since 2010 More than 100 financial institutions providing debt funding 100% performing loans since PATRIZIA was established in 1984 Turn to real estate investment manager Direct access to institutional clients worldwide Best-in-class financing capabilities Investment Track Record Product Offering Expertise Consistently producing positive and competitive returns for institutional clients Superior returns for value-add and private equity investments Multi-fund platform offering clients geographical, asset and risk diversification across investment products Investments through regulated funds, single asset mandates and co-investment vehicles Integrated pan-european asset management team with 90 professionals across 15 European countries More than 30 years of experience with real estate only One of Germany s top providers of institutional funds (BVI 2015) 8 Strong investment track record Attractive product offering across all asset classes and risk profiles European network with experienced local teams
9 and has four major strategic initiatives for growth I MARKETS II PRODUCTS III INVESTORS IV ACQUISITIONS Continue European expansion Build out PATRIZIA s pan-european investing platform and thereby grow AUM and fee income Underlying principle all business is local Broaden product portfolio Further extend the PATRIZIA product range in terms of sectors and risk Expand product offering for institutional and retail clients Expand international client base Strengthen PATRIZIA s reputation outside Europe and obtain more investment on a global basis Leverage the new offices in New York and Asia/Pacific Capture relevant opportunities Prudently consider corporate M&A opportunities to integrate suitable geographies and/or assets Keep an eye out for attractive co-investment opportunities VISION PATRIZIA the global provider of European real estate assets 9
10 Further increase PATRIZIA s market share within Europe AUM DEVELOPMENT BY GEOGRAPHY Fully develop the German core market Transaction volumes in Germany remain at a high level Thus there still is considerable growth potential in PATRIZIA s largest market Further penetrate existing international markets Since first starting its internationalisation in 2010, PATRIZIA has opened branch offices in 8 European countries and realised investments in 11 other countries But considering the fact that the majority of AUM is still located in Germany, substantial growth potential remains in these markets Systematically monitor new European markets PATRIZIA consistently screens the remaining European countries, such as Poland and Italy, for suitable entry opportunities The focus being on those locations where the biggest international investors wish to invest European markets with PATRIZIA operations UK & Ireland Q1/ Rest of World Q1/ Nordics Q1/ Germany Q1/ PATRIZIA investment hubs
11 Expand product range and client base DIVERSIFICATION OF ASSET CLASSES Broaden PATRIZIA s product portfolio into various dimensions in order to offer clients a broad range of products and investment strategies Segments: Stronger diversification over property types and segments; strengthen new areas such as logistics Risk profiles: Develop more value add products and thereby diversify the portfolio risk Target group: Expand product offer beyond large institutional clients; e.g. further establish funds for private investors Besides, shift to larger volume and sustainable products vs. transaction oriented one-off opportunities PATRIZIA Logistics Management Europe 2015: launch of first pan-european logistics real estate fund Initial target investment volume: EUR 500m Market with high growth potential due to continuing e-commerce trend COMPLETION OF CLIENT REACH Funds for institutional investors + Funds for private investors Only low investments required Specific underlying properties In the long-term expansion of asset classes from real estate to real assets and thus grow product portfolio beyond real estate Individual mandates for institutional investors Direct investments for private investors 11
12 PATRIZIA s new retail fund business is developing fast New business Attractive conditions In 2016 PATRIZIA started selling real estate funds to private investors; typically each fund consists of one specific property with existing rental or lease contracts With investments as little as EUR 10,000 now also private investors can benefit from PATRIZIA s institutional expertise and generate average pay-outs around 5% before taxes Stuttgart Südtor City quarter with a diverse mix of uses Equity: ~ EUR 55m Strong demand The first two funds with over EUR 75 million of equity were fully placed within the first year; three other funds are currently on sale and two more in preparation CURRENT INVESTMENT VOLUMES OF PRIVATE FUNDS * (in EUR million) "Campus Aachen" "Stuttgart Südtor" "Den Haag Wohnen" "Kopenhagen Südhafen" "München Leopoldstraße" "Mainz Rheinufer" "Die Stadtmitte Mühlheim" Q Q Q Q Q e 2018e Kopenhagen Südhafen new group of buildings with127 residential units Equity: ~ DKK 263m München Leopoldstr. Modern office building in top location Equity: ~ EUR 33m * Shown in the quarter/year where placement starts 12
13 Further expand the access to international blue-chip investors PATRIZIA s international client base is growing strongly, but still offers plenty of unexploited fundraising potential Therefore PATRIZIA has intensified its international fundraising and marketing activities In 2016 new fundraising offices were opened in Paris, New York and Melbourne, and additional offices in Hong Kong and Japan will follow soon EQUITY OF EUR 8.5BN RAISED (in EUR billion) Q1/17 New equity raised Equity raised in previous years accumulated 0.2 EQUITY COMMITMENTS BY GEOGRAPHY (in %) 5% 4% German investors European investors Rest of world investors 91% BREAKDOWN BY CAPITAL TYPE (in %) 7% 2% 5% Pension funds Insurance companies Savings banks 26% Banks, Banks Endowments and Corporates Retail investors 42% 18% Other 13
14 PATRIZIA sees attractive opportunities both east and west of Europe USA / CANADA Complementary risk profiles to European investors least interest in core strategies and significant interest in opportunistic strategies Market with the largest investment potential worldwide in 2016 ~ USD 64bn of aggregate capital was raised by private real estate funds Working with North American investors fits well with PATRIZIA s plan to offer more value add products steep learning curve expected 54% Core Value add Opportunistic 87% 85% 80% 89% 88% 77% 57% 62% The Americas EMEA APAC ASIA / PACIFIC Similar risk profiles of Asian and European investors strong preference for core and value add strategies Knowing the European market well, PATRIZIA is the perfect partner for Asians wishing to invest in Europe good understanding of needs and products First successful deals with Taiwanese and Korean investors support the case large transactions (~ EUR 1.3bn) with great visibility Source: Brookfield Financial, Cornell University/Hodes Weill 14
15 Successful transformation of volatile investment to stable fee income Fee income from investment management services is consistent and sustainable Sales proceeds from own assets held on the balance sheet are steadily diminishing Co-investment income continues to deliver attractive return on equity Development in operating income demonstrates the reliability and scalability of the fee streams from the investment management business and underlines PATRIZIA s track record PROFIT & LOSS HIGHLIGHTS adjusted* adjusted* adjusted* in EUR million Q1/16 Q1/17 Management fees Transaction fees Performance fees Total Service fee income DEVELOPMENT OF INCOME STREAMS Service fee income Investment income 31% 24% 18% 15% 19% 19% 42% Net sales revenues and Co-investment income Net operating expenses incl. Personnel expenses EBITDAR % 69% 76% 82% 85% 81% 81% Reconciliation to Operating EBT Operating EBT * 2015 excluding SÜDEWO exit fee; 2016 excluding Harald profit 15
16 PATRIZIA The European Real Estate Investment Company HIGHLIGHTS Q fully on track to achieve 2017 guidance Strong AuM growth of EUR 0.5bn achieved Robust operating income of EUR 9.3m Asset management fees increased Tailwind from strong Q drives operating performance and demonstrates scalability of European investment management platform 2017 Guidance confirmed Total outstanding transaction pipeline of EUR 1.5bn signed, but not yet completed transactions are a good start into an encouraging 2017 Operating income guidance 2017 confirmed at EUR 60-75m AuM expected to grow by about EUR 2bn net to EUR 20.6bn ASSETS UNDER MANAGEMENT (in EUR billion) 6.9 OPERATING INCOME (in EUR million) % Q1/ Q1/16* Q1/ e * Adjusted for Harald 16
17 Q results good progress to achieve full years financial goals OPERATING INCOME (in EUR million) Third Party Business Fees Opex Management Income Regulated Funds Institutional Investors Private Investors Co-Investments Single Asset Mandates Q1/16 Q1/17 Equity Investments Return on Equity Opex Investment Income Co-Investments Principal Investments Q1/16* Q1/17 Adjusted Total** * Investment income: EUR 210.2m in 2016 including Harald Operating income: EUR 214.8m in 2016 including Harald ** Total operating income reduced by corporate expenses of EUR 9.4m in Q1/16 and EUR 5.8m in Q1/17 17 Q1/16* Q1/17
18 Promising fee income confirms scalability of PATRIZIA s platform FEE INCOME DEVELOPMENT Total fee income of EUR 31.0m in Q Management fees increased in line with AuM growth Guidance for performance fees of EUR 29m-38m confirmed, which as usual will kick-in later in the year Outstanding transaction pipeline of EUR 1.5bn will further accelerate income streams Future top line growth prospects are promising due to already signed deals further European expansion of platform broadening of national and international investor base TOTAL FEE INCOME (in EUR million) Management fees Transaction fees Performance fees % 22.9 Q1/16 Q1/ CAGR %** +17.2% +25.8% * 2016 * Excluding SÜDEWO exit fee; **CAGR:
19 Rise in AuM increases recurring asset management fee income ASSET MANAGEMENT FEES STEADILY IMPROVING PATRIZIA receives recurring service fees for managing real estate assets from more than 200 international investors Fee income is steadily growing, as assets under management are further broadening on a pan-european basis and across all asset classes Strong growth of asset management fees overcompensated loss of property management fees Progressive increase in asset management fees demonstrates the reliability and scalability of PATRIZIA s integrated investment management platform ASSETS UNDER MANAGEMENT (in EUR billion) ASSET MANAGEMENT FEE INCOME (in EUR million) Q1/ Q1/17 19
20 with transaction fees remaining a consistent part of total income TRANSACTION FEES OF EUR 8.1M IN Q Transactions of EUR 0.9bn completed in Q1 2017, broadly in line with annual long term average Promising deal pipeline ahead: signed transactions worth EUR 1.5bn to be completed mainly in 2017 Transaction volume in 2016 includes EUR 1.1bn from the sale of the Harald-portfolio TRANSACTION VOLUME (in EUR billion) Q1/17 Acquisitions 7.2 Sales Ø EUR 4.9bn TRANSACTION FEES (in EUR million) Q1/17 Acquisition fees Sales fees Ø EUR 54.5m 20
21 and performance fees emphasising PATRIZIA s track record PERFORMANCE FEES AS RELIABLE PART OF ANNUAL FEE STREAM Third party funds and co-investments generate performance fees upon exceeding pre-determined return hurdles PERFORMANCE FEES (in EUR million) Return hurdles largely relate to realised annual cash returns during investment period and at exit As more and more investments turn into their harvesting period, performance fees have become recurring in nature Guidance for performance fees of EUR 29m-38m in 2017 confirmed, which as usual - will kick-in later in the year CAGRe adjusted* +25.7% Non-Realised Profits In addition to annual performance fees from third party business, PATRIZIA owns a pipeline of at least EUR 300m unrealised performance fees and investment income (from co-investments) from potential future disposals e Performance fee SÜDEWO exit Performance fees * CAGR on performance fees, excluding performance fee for SÜDEWO exit 21
22 Well positioned to capture opportunities via balance sheet strength Strong balance sheet ratios and capital structure to facilitate further substantial profitable growth Issuance of bonded loan of EUR 300m significantly increases financial flexibility and growth options Total available cash now amounts to about EUR 700m Options to deploy cash very carefully include: Continue European expansion Consider corporate M&A opportunities prudently Take advantage of investment opportunities, if they arise as co-investment Increase in shareholder value and high degree of financial discipline remain priority Strong Balance Sheet in EUR million Total Assets 1,037.3 Equity (excl. minorities) Equity ratio 72.9% Bank Loans Bonded Loan Cash and cash equivalents = Net cash (-)/net debt (+) Net equity ratio 83.5% in EUR million Bank balances and cash Transaction-based liabilities Harald Regulatory reserve investment companies (KVGs) Significant Liquidity 11.4 = Available cash 31 March Bonded Loan = Total available cash May Pro-forma equity ratio 56.5% Pro-forma net equity ratio 83.5% 22
23 Bonded loan further strengthens PATRIZIA s growth options RATIONALE Rationale Terms at a glance Issuance is strengthening PATRIZIA s financial firepower Including the company s current liquidity, deployable cash increases to EUR 700m in EURm 5yrs 7yrs 10yrs TOTAL Volume 91.5m 124.0m 84.5m 300.0m fix 76.0m 89.0m 69.0m 234.0m variable 15.5m 35.0m 15.5m 66.0m Favourable bond conditions reflect PATRIZIA s strong cash flow profile Fixed coupon 1.14% 1.60% 2.16% Var. Margin 0.90% 1.10% 1.30% Ø1,50% Management sees multiple opportunities for both co-investments and external growth With the cash on hand, PATRIZIA is able to guarantee transaction security as a competitive edge Management is committed to remain highly disciplined deploying the cash position Accretion of long-term shareholder value remains main goal Average coupon of 1.50% Debt Maturity Profile 140 In EURm Mortgage debt* Bonded Loan 2017 Bonded Loan 2013 * Relates to warehoused assets for retail funds 23
24 Outlook for 2017 confirmed Operating Income of EUR 60m - 75m ASSUMPTIONS Asset management fees based on average AuM of EUR 19.5bn EUR 20.5bn INCOME BRIDGE (in EUR million) Transaction volume: EUR 4.0bn EUR 5.5bn Investment income: remaining principal investments and income from participations Net opex include additional costs for fundraising and marketing (estimated at EUR 7m) Further potential upside Higher transaction volume and performance fees Deployment of about EUR 700m cash EUR 300m of unrealised profits from performance fees and investment income from co-investments, which will emerge in case of future disposals 2016 Base Operating Income* Management Fees** Transaction Fees Performance Fees Investment Income 2017 Net Operating Expenses EBITDAR D&A and Financial Result Base Operating Income * Adjusted for non-recurring effects like Harald and SÜDEWO ** 2017 fees will be comparatively EUR 10m lower due to the sale of the property management business 24
25 PATRIZIA s strategic bridge to the future ASSETS UNDER MANAGEMENT (in EUR billion) Completed transformation to a leading European Real Estate Investment Manager Deploy cash Realise M&A ~30 VISION PATRIZIA the global provider of 19.1 Continue European expansion Broaden product portfolio Expand international client base European real estate assets Q1/ and beyond 25
26 PATRIZIA Investment highlights 1 Leading listed European real estate investment firm 2 Broad institutional client base and strong fundraising momentum globally 3 High quality services across the entire property value chain 4 Excellent track record in sought after European property investment market 5 Growing AuM provide growing and sustainable contractual fee income 6 Attractive earnings potential through performance fees and return on equity 7 Strong balance sheet and significant liquidity offer further opportunities 26
27 Appendix 27
28 Consolidated Income Statement Q Quarter Quarter 2016* in EUR k Revenues 40,949 62,009 Income from the sale of investment property Changes in inventories -4,798-14,893 Other operating income 6, Income from the deconsolidation of subsidiaries Total operating performance 42,429 48,565 Cost of materials -3,410-2,637 Cost of purchased services -3,529-3,379 Staff costs -20,413-21,393 Other operating expenses -10,395-9,995 Income from participations 5,915 3,172 Earnings from companies accounted for using the equity method EBITDAR 10,641 15,127 Reorganisation expenses EBITDA 10,140 15,127 Amortisation of fund management contracts, depreciation of software and fixed assets -1,355-1,650 Earnings before finance income and income taxes (EBIT) 8,785 13,477 Finance income Finance costs ,139 Currency result Earnings before income taxes (EBT) 8,149 12,664 Income tax -2,281-2,191 Net profit for the period 5,868 10,473 * Adjusted for Harald 28
29 Consolidated Balance Sheet 31 March 2017 assets ASSETS in EUR k A. Non-current assets Goodwill Other intangible assets 34,918 35,416 Software 10,712 10,772 Investment property 10,709 12,226 Equipment 4,477 4,460 Participations in associated companies 85,967 85,923 Participations 102, ,033 Loans 7,020 7,015 Long-term tax assets Deferred taxes Total non-current assets 256, ,813 B. Current assets Inventories 237, ,931 Securities Short-term tax assets 10,280 11,941 Current receivables and other current assets 77,950 99,311 Bank balances and cash 454, ,219 Total current assets 780, ,446 TOTAL ASSETS 1,037, ,259 29
30 Consolidated Balance Sheet 31 March 2017 equity/liabilities EQUITY AND LIABILITIES in EUR k A. Equity Share capital 83,956 83,956 Capital reserve 184, ,005 Retained earnings Legal reserves Non-controlling shareholders 1,691 1,691 Currency translation differences -10,114-10,803 Consolidated unappropriated profit 497, ,679 Total equity 757, ,033 B. Liabilities NON-CURRENT LIABILITIES Deferred tax liabilities 17,915 17,992 Retirement benefit obligations Bonded loan 22,000 22,000 Non-current liabilities 5,479 6,866 Total non-current liabilities 46,087 47,506 CURRENT LIABILITIES Short-term bank loans 110,500 53,200 Bonded loan 0 5,000 Short-term financial derivatives 0 0 Other accruals 19,910 27,627 Current liabilities 72,278 75,343 Tax liabilities 30,885 33,550 Total current liabilities 233, ,720 TOTAL EQUITY AND LIABILITIES 1,037, ,259 30
31 Financial calendar 2017 March 14 Financial Statements 2016 May 10 Interim report for the first quarter of 2017 June 22 Annual General Meeting, Augsburg August 9 Interim report for the first half of 2017 November 7 Interim report for the first nine months of 2017 Conference calls about financial reports are usually held at 3 pm CET. Invitations and dial-in numbers are provided in advance. To stay informed, visit 31
32 Contact details KARIM BOHN CFO MICHAEL TEGEDER HEAD OF IR LAURA WANZL MANAGER IR PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse Augsburg PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse Augsburg PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse Augsburg T F M michael.tegeder@patrizia.ag T F M laura.wanzl@patrizia.ag Disclaimer This document does not constitute an offer or invitation to purchase or subscribe for any securities, and neither this document nor anything contained herein shall form the basis of or be relied upon. This document contains specific forward-looking statements that relate in particular to the business development of PATRIZIA and the general economic and regulatory environment and other factors to which PATRIZIA is exposed. These forward-looking statements are based on current estimates and assumptions by the Company made in good faith, and are subject to various risks and uncertainties that could render a forward-looking estimate or statement inaccurate or cause actual results to differ from the results currently expected. PATRIZIA does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this publication. 32
PATRIZIA. The European Real Estate Investment Company. Company Presentation. January 2018
PATRIZIA The European Real Estate Investment Company Company Presentation January 2018 PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstraße 26 86150 Augsburg T +49 821 50910-000 F +49 821 50910-999 immobilien@patrizia.ag
More informationInterim Report JANUARY TO SEPTEMBER 2017
9M Interim Report JANUARY TO SEPTEMBER 2017 KEY FIGURES REVENUES AND EARNINGS in EUR k 2017 2016 ¹ 01.01. 30.09.2017 01.01. 30.09.2016 Change Revenues 163,006 163,935 0.6% Total operating performance 157,068
More informationConference Call on Q3 / 9M 2015
Conference Call on Q3 / 9M 2015 Business Development, Financials & Outlook 12 November 2015 PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse 26 86150 Augsburg T +49 821 50910-000 F +49 821 50910-999
More informationCreating a global provider of real estate investments in Europe
Creating a global provider of real estate investments in Europe Complementary platform acquisition December 19, 2017 PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse 26 86150 Augsburg T +49 821 50910-000
More informationLindorff. Company Presentation. November 2016
Lindorff Company Presentation November 06 Disclaimer IMPORTANT INFORMATION Not for distribution in or into the United States, Australia, Canada, Japan or any other jurisdiction in which such distribution
More informationOMAM. Investor Presentation. Fourth Quarter 2014
OMAM Investor Presentation Fourth Quarter 2014 DISCLAIMER Forward Looking Statements This presentation may contain forward looking statements for the purposes of the safe harbor provision under the Private
More informationConference Call on H1 2015
Conference Call on H1 2015 Business Development, Financials & Outlook 2015 6 August 2015 PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse 26 86150 Augsburg T +49 821 50910-000 F +49 821 50910-999
More informationInvestor Overview Q2 2017
Investor Overview Q2 2017 AMG Overview Business Highlights Global, diversified asset management firm Unique, multi-faceted growth strategy Proprietary opportunity to partner with additional top boutiques
More informationCORESTATE Capital Group
CORESTATE Capital Group Q3 2017 Earnings Presentation November 2017 Disclaimer This presentation contains forward-looking statements that involve a number of risks and uncertainties. Such statements are
More informationINVESTMENT INTENTIONS ROADSHOW 2018
INVESTMENT INTENTIONS ROADSHOW 2018 Key highlights Helsinki 25 January 2018 Henri Vuong INREV Director of Research & Market Information 320 respondents from 27 countries Nordics 12 investors 1 FoFs managers
More informationAn introduction. May 2018
An introduction May 2018 Our strategy To grow our specialist asset management activities 2 Invest selectively Grow assets under management Manage portfolios to maximise value Generate strong shareholder
More informationCORESTATE Capital Group A Leading Real Estate Investment Manager
CORESTATE Capital Group A Leading Real Estate Investment Manager H1 2017 Earnings Presentation 16 August 2017 Page 1 CORESTATE Capital Holding S.A. Disclaimer This presentation contains forward-looking
More informationAllianz Global Corporate & Specialty
Allianz Global Corporate & Specialty Company presentation January 2012 Allianz An Introduction Allianz Group is one of the world s leading insurers and financial services providers Founded in 1890 in Berlin,
More informationInvestor Presentation
Investor Presentation May 2013 48,000 employees 200 offices 70 countries 1 global platform Table of Contents I. Company Description II. Global Growth Strategy III. Financial Overview IV. Appendix 2 Company
More informationBank of America Merrill Lynch The Future of Financials Conference. November 6, Citi Investor Relations
Citi Investor Relations Bank of America Merrill Lynch The Future of Financials Conference November 6, 2018 Francisco Aristeguieta CEO, Citigroup Asia Pacific Agenda Franchise Overview Asia Institutional
More informationAffiliated Managers Group, Inc.
Affiliated Managers Group, Inc. AMG Overview Approximately $254 billion in assets under management through a diverse group of high quality affiliated boutique asset management firms Broad array of products
More information160 Annual Report Further Information
160 Annual Report 2014 Further Information 162 164 165 166 Back over Five-Year Overview Consolidated Balance Sheet Five-Year Overview Consolidated Income Statement Supervisory Board Managing Board Financial
More informationWorking together to create value in the world of real estate. Investor Presentation. 58,000 employees, 230 offices, 80 countries, 1 global brand
Working together to create value in the world of real estate Investor Presentation 58,000 employees, 230 offices, 80 countries, 1 global brand September 2015 Who we are JLL is a leading provider of real
More informationMaking Our Mark Outside of North America
Making Our Mark Outside of North America Roger Sargeant Managing Director, Interactive Data (Europe) Ltd. 1 December 14, 2007 Making Our Mark Outside North America A Trusted Leader Serving a Global Customer
More informationPresentation of Annual Report Klaus Holse, CEO, SimCorp A/S Thomas Johansen, CFO, SimCorp A/S
Presentation of Annual Report 2014 Klaus Holse, CEO, SimCorp A/S Thomas Johansen, CFO, SimCorp A/S Disclaimer This presentation contains certain forward-looking statements and expectations in respect of
More informationHARVEY NASH GROUP PLC. Albert Ellis, CEO Mark Garratt, CFO. results ahead of expectations increased dividend strong platform to accelerate growth
HARVEY NASH GROUP PLC Albert Ellis, CEO Mark Garratt, CFO results ahead of expectations increased dividend strong platform to accelerate growth HIGHLIGHTS Results ahead of expectations Strong operating
More informationAssurant and The Warranty Group: Creating a Leading Global Lifestyle Provider
Assurant and The Warranty Group: Creating a Leading Global Lifestyle Provider 1 Safe Harbor Statement Some of the statements included in this presentation, particularly those with respect to the proposed
More informationCORESTATE Capital Holding Company presentation
CORESTATE Capital Holding Company presentation September 2017 Page 1 CORESTATE Capital Holding S.A. Disclaimer This document contains confidential information and is being given on a confidential basis.
More informationBAML Banking and Financial Services Conference
BAML Banking and Financial Services Conference Bennett Goodman Senior Managing Director & Co-Founder, GSO Capital Partners November 13, 2012 Blackstone is a global leader in the faster growing alternative
More informationWorldline H Results Worldline. Presentation to Investors September 2018
Presentation to Investors September 2018 Disclaimer This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth
More information!!!1!!!!!!!!!!!!!!!!!!!!!!!!!!!!! The Association of Real Estate Funds & Property Funds Research
1 The Association of Real Estate Funds & Property Funds Research Global Real Estate Funds Review H1 216 Contents CONTENTS 2 EXECUTIVE SUMMARY 3 UNLISTED FUND UNIVERSE: OVERVIEW (EX FOF) 6 UNLISTED FUNDS
More informationInterim report January - June 2015
Interim report January - June 2015 July 31, 2015 Continued stable earnings and growth Introduction to Hoist Finance Introduction Established in 1994, Hoist Finance is a leading debt restructuring partner
More informationFY MARCH 2011 TELECONFERENCE PRESENTATION
FY 2010 TELECONFERENCE PRESENTATION 15 MARCH 2011 1 4 APRIL 2011 DISCLAIMER This presentation contains forward-looking statements that reflect PANDORA s expectations with respect to certain future events
More informationResults for the first nine months of 2017
Results for the first nine months of 2017 Results up sharply thanks to the integration of Pioneer and business momentum Net inflows 1 of + 58bn over the first nine months o/w + 31bn in Q3 2017 Activity
More informationAXA. Henri de Castries. Chairman & CEO. London - October 2, Sanford C. Bernstein Strategic Decisions Conference
AXA Henri de Castries Chairman & CEO London - October 2, 2013 Sanford C. Bernstein Strategic Decisions Conference Cautionary note concerning forward-looking statements Certain statements contained herein
More informationDelivering on our Commitments Today and Tomorrow. Investor Presentation
Delivering on our Commitments Today and Tomorrow Investor Presentation CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This document may contain forward-looking statements. Forward-looking statements
More informationH Results. Results and business activity up sharply, and ahead of the roadmap
H1 2018 Results Results and business activity up sharply, and ahead of the roadmap H1 2018 Highlights A high level of profitability due to: Continued growth momentum Improved operational efficiency Successful
More informationCover-More Group. UBS Australasia Conference. November 2015
Cover-More Group UBS Australasia Conference November 2015 Executive summary: FY15 overview Cover-More delivered another year of double digit earnings growth, with offshore business growing substantially.
More informationFRANKLIN TEMPLETON INVESTMENTS. Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010
Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010 Forward-Looking Statements The financial results in this presentation are preliminary.
More informationResilient performance, increased dividend and current financial year started well
27 April HARVEY NASH GROUP PLC ( Harvey Nash or the Group ) PRELIMINARY RESULTS Resilient performance, increased dividend and current financial year started well Harvey Nash, the global recruitment and
More informationFinansforeningens Virksomhedsdag 2015 ISS. Heine Dalsgaard, CFO June 2015
Finansforeningens Virksomhedsdag 2015 ISS Heine Dalsgaard, CFO June 2015 1 Forward-looking statements This presentation contains forward-looking statements, including, but not limited to, the statements
More informationAdecco delivers on gross margin improvements and cost cuts
Adecco delivers on gross margin improvements and cost cuts Despite weak topline net profit remains in the black and operating cash flow is robust Q1 HIGHLIGHTS (Q1 2009 versus Q1 2008) Revenues of EUR
More informationMacquarie Australia Conference. Tarun Gupta, Group Chief Financial Officer Lendlease
Macquarie Australia Conference Tarun Gupta, Group Chief Financial Officer Lendlease 2 Indigenous engagement and reconciliation Lendlease s vision for Reconciliation is one in which all our employees acknowledge
More informationSeptember Colliers International Group Inc. Investor Presentation
September 2018 Colliers International Group Inc. Investor Presentation Basis Of Presentation All amounts in millions of US Dollars unless otherwise noted. Adjusted EBITDA ( AEBITDA ) and Adjusted EPS (
More information2010 Results. Paris - March 2, 2011
2010 Results Paris - March 2, 2011 > Highlights of 2010 > Financial results > Strategy and outlook 2010 Results 2 2010: A Year of Acceleration Highlights of 2010 Revenue of 3,892m, up 19.1% Operating profit
More informationFY2013 Results Presentation. 19 March 2014
FY2013 Results Presentation 19 March 2014 Disclaimer This document is of a purely informative nature and does not constitute an offer to sell, exchange or buy, or the solicitation of an offer to buy, securities
More informationROADSHOW POST-Q2 & H RESULTS. September 2016
ROADSHOW POST-Q2 & H1 2016 RESULTS September 2016 1. COMPANY OVERVIEW Rexel at a glance : Strategic partner for suppliers and customers Energy Providers Suppliers Customers Endusers Economies of scale
More informationFY2018 Half Year Results Investor Presentation
FY2018 Half Year Results Investor Presentation February 2018 DISCLAIMER The material in this presentation has been prepared by IMF Bentham Limited (IMF) and is general background information about IMF's
More informationCORESTATE Capital. Company Presentation. May / June 2018
CORESTATE Capital Company Presentation May / June 2018 Disclaimer This presentation contains forward-looking statements that involve a number of risks and uncertainties. Such statements are based on a
More information2013 Interim Results. 14 August 2013
2013 Interim Results 14 August 2013 1 This presentation contains statements that are, or may be, forward-looking regarding the group's financial position and results, business strategy, plans and objectives.
More informationASSET MANAGEMENT. D. Frigerio Head of Private Banking & Asset Management Division
ASSET MANAGEMENT D. Frigerio Head of Private Banking & Asset Management Division AGENDA Asset Management at a glance CEE - the story so far Poland the benchmark Opportunities and challenges The approach
More information2010 Annual Results. February 10, 2011
2010 Annual Results February 10, 2011 Disclaimer This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)"
More informationAcquisition of Altamira Creating the undisputed leader in NPL and REO servicing in Southern Europe. January 8, 2019
Acquisition of Altamira Creating the undisputed leader in NPL and REO servicing in Southern Europe January 8, 2019 Strategic Highlights of a Landmark Acquisition for dobank Altamira Asset Management Leading
More informationStrategy Update 2018 Investor Presentation. 10 December 2018
Strategy Update 2018 Investor Presentation 10 December 2018 Speakers Strategy Update Jeff Gravenhorst, Group CEO Financials Pierre-Francois Riolacci, Group CFO Q&A 2 Forward-looking statements This presentation
More informationCORESTATE Capital Group A Fully Integrated Real Estate Investment Manager
CORESTATE Capital Group A Fully Integrated Real Estate Investment Manager 1 CORESTATE at a Glance Real Estate Investment Management Platform Real estate investment manager specialized in the creation and
More informationAcquisition of Jack Wolfskin. November 2018
Acquisition of Jack Wolfskin November 2018 Important notices Forward-Looking Statements: During this presentation, any statements relating to future plans, events, financial results, performance or prospects,
More informationNorthern Trust Global Investments
Northern Trust Global Investments Stephen N. Potter President, NTGI Principles That Endure INVESTOR DAY 2008 2008 Northern Trust Corporation Key Strategic Priorities Northern Trust Global Investments Aligned
More informationNemetschek Group. Company Presentation September Constractor: MT Højgaard, Søborg, Denmark Image: Tom Roe Realized with SOLIBRI
The Blue Planet, Copenhagen, Denmark Constractor: MT Højgaard, Søborg, Denmark Image: Tom Roe Realized with SOLIBRI Nemetschek Group September 2018 Nemetschek s key achievements: #2 biggest listed software
More informationCORESTATE Capital Group
CORESTATE Capital Group A Fully Integrated Real Estate Investment Manager As of Q3 2016 1 CORESTATE at a Glance Real Estate Investment Management Platform Real estate investment manager specialized in
More informationOPTIMISING EXITS FOR EUROPEAN TECHNOLOGY COMPANIES 30 April 2018
OPTIMISING EXITS FOR EUROPEAN TECHNOLOGY COMPANIES 30 April 2018 1 M&A trends & valuation metrics Pietro Strada, Silverpeak page CONFIDENTIAL What we do Advising Management & Shareholders Financial or
More informationFor personal use only. Investor Presentation Bravura Solutions Limited
Investor Presentation Bravura Solutions Limited Tony Klim CEO 27 April 2017 The information contained in this document (including this notice) or discussed at this presentation (collectively, the Presentation)
More informationQUARTERLY UPDATE FOR THE THREE MONTHS ENDED 31 DECEMBER 2017
QUARTERLY UPDATE FOR THE THREE MONTHS ENDED 31 DECEMBER 2017 11 January 2018 Financial summary Growth in net fees for the quarter ended 31 December 2017 (Q2 FY18) (versus the same period last year) Growth
More informationCopyright 2014 HomeAway Inc.
Copyright 2014 HomeAway Inc. Safe harbor statement This presentation contains "forward-looking" statements, subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995,
More informationDUNA HOUSE GROUP Highlights. March 2018
DUNA HOUSE GROUP 2017 Highlights March 2018 DISCLAIMER This presentation shall not be considered as an offer or an invitation to tender concerning the purchase, subscription or any other transaction of
More informationINTERIM RESULTS PRESENTATION Strong start to the year, with a strong order book for the second half of September 2017
INTERIM RESULTS PRESENTATION Strong start to the year, with a strong order book for the second half of 2017 11 September 2017 AGENDA Introduction and highlights John Hornby Financial review David Main
More informationSavills plc: Results for the year ended 31 December 2016
Savills plc: Results for the year ended 31 December 216 Disclaimer: Forward-looking statements These slides contain certain forward-looking statements including the Group s financial condition, results
More information2 // Arrow Capital Partners
2 // Arrow Capital Partners We re a private real estate company that invests in equity and debt opportunities in the Asia-Pacific and European markets. We specialise in sourcing, investing in and delivering
More information31 March 2018 Audited Preliminary Results. 6 June 2018
31 March 2018 Audited Preliminary Results 6 June 2018 1 Presentation Team Euan Fraser Chief Executive Officer Stuart McNulty UK Chief Executive Officer John Paton Chief Financial Officer Has led Alpha
More informationQ results. April 27, 2018
Q1 2018 results April 27, 2018 Consolidated financial statements as of March 31, 2018 were authorized for issue by the Board of Directors held on April 26, 2018. Q118 KEY HIGHLIGHTS Q1 2018 in line with
More informationKey-elements nell allocazione delle risorse degli investitori internazionali
Key-elements nell allocazione delle risorse degli investitori internazionali Alcune evidenze dalla «INREV» Accounting, Control, Finance & Real Estate Department Real Estate a Hot Ticket for Global Diversification
More informationUnited Overseas Bank Limited
United Overseas Bank Limited July 2007 This material that follows is a presentation of general background information about United Overseas Bank Limited s ( UOB or the Bank ) activities current at the
More informationInterim report January - March 2015
Interim report January - March 2015 May 6, 2015 Stable earnings geared for growth Introduction to Hoist Finance Introduction Established in 1994, Hoist Finance is a leading debt restructuring partner to
More informationFY2017 Result Presentation. 21 August 2017
FY2017 Result Presentation 21 August 2017 The Hansen journey growing and diversifying by geography, industry, propriety products and customer Early 1990 s Today Revenue by geography Industry verticals
More informationREXEL. Q3 & 9-month 2009 results. November 12, 2009
REXEL Q3 & 9-month 2009 results November 12, 2009 Q3 2009 & 9-month results Q3 and 9-month 2009 at a glance Financial review Outlook 3 Q3 & 9-month 2009 at a glance Q3 & 9-month 2009 highlights: Quarter-on-quarter
More information2017 Results. March 1 st, 2018
2017 Results March 1 st, 2018 1. Introduction Hubert Sagnières Chairman and Chief Executive Officer 2017 Results 2 2. 2017 Results Laurent Vacherot President and Chief Operating Officer 2017 Results 3
More information2017 HALF YEAR 25 JULY 2017
2017 HALF YEAR RESULTS 25 JULY 2017 Strong financial results and robust balance sheet Driving performance through operational excellence and disciplined capital allocation High quality pipeline of growth
More informationPresentation to Investors and Analysts
Fourth Quarter and Full Year 2016 Results Presentation to Investors and Analysts February 14, 2017 Disclaimer (1/2) The data presented in this presentation relating to the Swiss Universal Bank refers to
More informationH1/2018 Results u-blox Holding AG
H1/2018 Results August 24, 2018 Thomas Seiler, CEO Roland Jud, CFO Disclaimer This presentation contains certain forward-looking statements. Such forward-looking statements reflect the current views of
More informationQUARTERLY UPDATE FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2018
QUARTERLY UPDATE FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2018 11 October 2018 Financial summary Growth in net fees for the quarter ended 30 September 2018 (Q1 FY19) (versus the same period last year) Growth
More informationSavills plc. Results for the year ended 31 December March 2018
Savills plc Results for the year ended 31 December 2017 15 March 2018 Disclaimer: Forward-looking statements These slides contain certain forward-looking statements including the Group s financial condition,
More informationSIG plc 2015 Half Year results. 11 August 2015
SIG plc 2015 Half Year results 11 August 2015 Highlights Group sales +3.1% in constant currency; +0.6% on LFL basis Improving trend in Mainland Europe; LFLs turned positive Q2 2015 UK & Ireland LFL sales
More informationImportant Information
Make it happen Important Information This presentation may contain forward looking statements, including such statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E
More informationTalanx Strategy Frankfurt, 23 October Torsten Leue, CEO
Talanx Strategy Frankfurt, 23 October 2018 Torsten Leue, CEO Key messages We commit to an increased RoE of 800 bps above risk-free an annual EPS-growth 5% on average 35% to 45 % payout of IFRS earnings
More informationAmundi to Consolidate its Position as European Leader with Acquisition of Pioneer Investments. Press Conference 12 December 2016
Amundi to Consolidate its Position as European Leader with Acquisition of Pioneer Investments Press Conference 12 December 2016 Disclaimer This press release and the information contained herein do not
More informationFirst Quarter Interim Management Statement. 11 April 2011
First Quarter Interim Management Statement 11 April 211 Michael Page International First Quarter Interim Management Statement 2 Group Gross profit +29% with growth in every geography Growth Rates Group
More information2017 European Private Equity Activity
Disclaimer The information contained in this report has been produced by Invest Europe, based on data collected as part of the European Data Cooperative (EDC) and other third party information. While Invest
More informationNeopost Interim Results. October 2005
Neopost 2005 Interim Results October 2005 3 October 2005 Disclaimer Safe Harbour Statement This presentation contains forward-looking statements (made pursuant to the safe harbour provisions of the Private
More information1st Quarter Revenue. April 22, 2010
1st Quarter Revenue April 22, 2010 Disclaimer This presentation contains forward looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)"
More informationCBRE GROUP, INC. Global Market Leader in Integrated Commercial Real Estate Services
CBRE GROUP, INC. Global Market Leader in Integrated Commercial Real Estate Services September 2014 FORWARD-LOOKING STATEMENTS This presentation contains statements that are forward looking within the meaning
More information1 st quarter 2015 results
1 st quarter 2015 results continued improvement Jacques van den Broek, CEO Robert Jan van de Kraats, CFO Randstad Holding nv disclaimer & definitions Certain statements in this document concern prognoses
More informationElis 2017 annual results MARCH 7, 2018
Elis 2017 annual results MARCH 7, 2018 Forward looking statements This document may contain information related to the Group s outlook. Such outlook is based on data, assumptions and estimates that the
More information48 Annual Report Our Results MANAGEMENT REPORT
48 Annual Report 2015 Our Results 50 56 77 82 83 88 MANAGEMENT REPORT Fundamental Principles relating to the Group Economic Report Additional Information Supplementary Report Development of Opportunities
More informationAcquisition Offer of RPC Group PLC
Always Advancing To Protect What s Important Acquisition Offer of RPC Group PLC March 2019 NYSE: BERY Safe Harbor Statements THIS PRESENTATION AND ITS CONTENTS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
More informationInvestor Presentation. 53,000 employees, 200 offices, 75 countries, 1 global platform
Investor Presentation 53,000 employees, 200 offices, 75 countries, 1 global platform August 2014 Who we are JLL is a leading provider of real estate services and investment management, creating value for
More informationAURELIUS GROUP Conference Call
xxx 16 November 2015 2015 AURELIUS GROUP Conference Call 1 AGENDA AURELIUS acquires Valora Trade AURELIUS acquires Colt Managed Cloud Business Performance YTD & Outlook 2 AURELIUS acquires from Swiss Valora
More informationInvestor Meeting Presentation
Investor Meeting Presentation November 2014 Investor Meeting Presentation HUGO BOSS November 2014 2 / 54 Agenda Update on Key Strategic Initiatives Nine Months Results 2014 Outlook Investor Meeting Presentation
More informationStericycle Investor Presentation Q NASDAQ: SRCL
Stericycle Investor Presentation Q3-2017 NASDAQ: SRCL Forward - Looking Statements Safe Harbor Statement: This press release may contain forward-looking statements that involve risks and uncertainties,
More informationFULL YEAR RESULTS PRESENTATION 2017 RESULTS FOR YEAR ENDED 30 NOVEMBER 2017
FULL YEAR RESULTS PRESENTATION 2017 RESULTS FOR YEAR ENDED 30 NOVEMBER 2017 2017 Overview Encouraging full year performance with strong Q4 and exit rate into 2018 Adjusted profit before tax up 9% to 44.5m
More informationJohn Menzies plc. Interim Results Presentation 14 August 2018
John Menzies plc Interim Results Presentation 14 August 2018 Results Overview Highlights Underlying operating profit at 33.9m, up 18% at constant currency Profit progression John Menzies plc H1 underlying
More informationCBRE GROUP, INC. Third Quarter 2013: Earnings Conference Call. October 29, 2013
CBRE GROUP, INC. Third Quarter 2013: Earnings Conference Call October 29, 2013 FORWARD-LOOKING STATEMENTS This presentation contains statements that are forward looking within the meaning of the Private
More informationGoldman Sachs Presentation to Bernstein Strategic Decisions Conference David M. Solomon President and Chief Operating Officer
May 3, 208 Goldman Sachs Presentation to Bernstein Strategic Decisions Conference David M. Solomon President and Chief Operating Officer Cautionary Note on Forward-Looking Statements Today s presentation
More informationInvestor Presentation Q3 Results. 12 November 2014
Investor Presentation Q3 Results 12 November 2014 1 Forward-looking statements This presentation contains forward-looking statements, including, but not limited to, the statements and expectations contained
More informationFinancial results & business update. Quarter ended 30 September October 2016
Financial results & business update Quarter ended 30 September 2016 19 October 2016 Disclaimer 3 Any remarks that we may make about future expectations, plans and prospects for the company constitute forward-looking
More informationSavills plc. Results for the six months ended 30 th June August 2017
Savills plc Results for the six months ended 30 th June 2017 10 August 2017 Disclaimer: Forward-looking statements These slides contain certain forward-looking statements including the Group s financial
More informationCBRE GROUP, INC. REPORTS DOUBLE-DIGIT SECOND-QUARTER 2018 REVENUE AND EARNINGS GROWTH AND INCREASES FULL-YEAR OUTLOOK
PRESS RELEASE Corporate Headquarters 400 South Hope Street 25 th Floor Los Angeles, CA 90071 www.cbre.com FOR IMMEDIATE RELEASE For further information: Brad Burke Steve Iaco Investor Relations Media Relations
More information