May Global Growth Strategy

Transcription

1 May 2012 Global Growth Strategy

2 Jones Lang LaSalle Global Growth Strategy G1 G3 Build our local and regional leasing and capital markets businesses G5 Connections Capture the leading share of global capital flows for investment sales Strengthen our winning positions in Corporate Solutions Grow LaSalle Investment Management s leadership position G2 G4

3 Leasing JLL Property Clock SM Leasing Values as of Q Moscow Sao Paulo Beijing Toronto, Stockholm San Francisco Berlin Sydney Dallas Shanghai London Mumbai, New York Paris Rental Value growth slowing Rental Value growth accelerating Johannesburg, Milan Atlanta, Chicago, Frankfurt, Los Angeles, Rental Values falling Rental Values bottoming out Amsterdam Singapore Hong Kong Dubai Mexico City Detroit Brussels, Madrid, Seoul Washington, DC, Rome Tokyo Americas EMEA Asia Pacific ($ in millions) $593 $125 $227 $241 JLL Leasing Revenue $753 $133 $247 $373 $781 $108 $173 $500 $1,000 $159 $203 $638 $1,188 $192 $236 $ * *In July 2008, JLL acquired the Staubach Company with annual revenue of approximately $375 million. Source: Jones Lang LaSalle

4 Capital Markets JLL Property Clock SM Capital Values as of Q ($ in millions) JLL Capital Markets Revenue Shanghai Washington DC, New York London, Paris Beijing, Milan Chicago San Francisco, Sao Paulo, Toronto, Stockholm Berlin, Moscow Los Angeles Frankfurt Atlanta Sydney Dallas Mumbai Capital Value growth slowing Capital Value growth accelerating Capital Values falling Capital Values bottoming out Detroit, Mexico City, Brussels, Seoul Amsterdam, Hong Kong, Singapore Madrid, Tokyo Americas EMEA Asia Pacific $557 $104 $339 $317 $60 $196 $203 $58 $306 $81 $141 $460 $95 $229 $107 $114 $136 $61 $84 $ * *In May 2011, JLL acquired King Sturge with annual revenue of approximately $260 million (approx. 30% from Capital Markets). Source: Jones Lang LaSalle

5 2012 Projected Value Changes for Prime Offices + 20% % % + 0-5% - 0-5% Rental Values Beijing San Francisco, Sao Paulo, Toronto Boston, Moscow, Mumbai, New York*, Shanghai, Tokyo Chicago, Frankfurt, London*, Los Angeles, Paris, Stockholm, Sydney, Washington DC Brussels, Madrid, Mexico City Capital Values Beijing, San Francisco Sao Paulo, Toronto Boston, Moscow, Mumbai, New York*, Shanghai, Tokyo, Sydney Chicago, Frankfurt, Hong Kong, London*, Los Angeles, Paris, Stockholm, Washington DC, Brussels, Mexico City % Dubai Dubai, Madrid, Singapore % Hong Kong, Singapore Click here to see the complete JLL Global Markets Perspective Provisional. *New York Midtown, London West End. Nominal rates in local currency. Source: Jones Lang LaSalle, April 2012

6 Global Capital Flows for Investment Sales 2012 volumes forecasted at approximately $400 billion, in line with 2011 ($ in billions) Direct Commercial Real Estate Investment, Q1 projection updates: Americas: unchanged EMEA: lower end of previous forecast Asia Pacific: down 10% from previous forecast % -10%* % Americas EMEA Asia Pacific Projection * EMEA: In US$ terms, unchanged in Euro terms. Source: Jones Lang LaSalle, April 2012

7 Corporate Solutions Competitive Advantages Global Position Expertise across services & geographies to capitalize on market trends Transformational outsourcing Space optimization Portfolio transparency Energy management JLL Service Offerings JLL Client Wins Project Management Strategic Consulting Corporate Retail Services Corporate Finance / CMG Client Relationship Management Transaction Advisory Services Lease Administration Energy & Sustainable Services Integrated Facility Management Labwell Lab Management New Wins Expansions Renewals Wins Large Corporates Middle Market

8 LaSalle Investment Management Competitive Advantages Diversified global platform Investment performance at or above benchmarks for all business segments Core, Value Add, Opportunistic, Public Equity 300+ institutional clients Consistent client services delivery model Financial backing of well-capitalized parent company 2005 to 2011 Advisory Fees: 11% Compound Annual Growth Rate ($ millions) $300 $250 $200 $150 $100 $50 $0 AUM Building Advisory Fees in Healthy Markets Global Financial Crisis Stabilized Advisory Fees $277.9 $245.1 $242.2 $237.5 $245.0 $178.1 $ $29.8 B $40.6 B $49.7 B $46.2 B $39.9 B $41.3 B $47.7 B

9 JLL Acquisition Objectives and Transformative Results Strategic Align with G5 strategy Enhance service delivery for clients Cultural alignment Meet financial goals Strategy The Staubach Company Establish leading U.S. local market tenant rep position King Sturge Meghraj Trinity Funds Management Strengthen local market scale, particularly in the U.K. Augment India corporate business with leading local presence Gain scale and credibility in Australia for LaSalle Purchase Price $613 million 197 million $60 million A$9 million Upfront Consideration Deferred Payment terms EBITDA multiple 36% 50% 50% 100% 5 years 5 years 5 years n/a 8.0x notional, 7.0x on PV basis 7.5x notional, 7.0x on PV basis 7.5x 4.0x Financial Profit growth to shareholders Neutral to accretive EBITDA multiples EPS accretive within months Maintain investment grade strength

10 Forward looking statements Statements in this presentation regarding, among other things, future financial results and performance, achievements, plans and objectives and dividend payments may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of Such statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance, achievements, plans and objectives of Jones Lang LaSalle to be materially different from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include those discussed under Business, Risk Factors, Management s Discussion and Analysis of Financial Condition and Results of Operations, Quantitative and Qualitative Disclosures about Market Risk, Cautionary Note Regarding Forward- Looking Statements and elsewhere in Jones Lang LaSalle s Annual Report on Form 10-K for the year ended December 31, 2011 and in the Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 and in other reports filed with the Securities and Exchange Commission. There can be no assurance that future dividends will be declared since the actual declaration of future dividends, and the establishment of record and payment dates, remains subject to final determination by the Company s Board of Directors. Statements speak only as of the date of this presentation. Jones Lang LaSalle expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in Jones Lang LaSalle s expectations or results, or any change in events. Jones Lang LaSalle IP, Inc All rights reserved. No part of this publication may be reproduced by any means, whether graphically, electronically, mechanically or otherwise howsoever, including without limitation photocopying and recording on magnetic tape, or included in any information store and/or retrieval system without prior written permission of Jones Lang LaSalle IP, Inc.