ˆ1MM3KX8PVKDT6L6ZŠ 1MM3KX8PVKDT6L6 RR Donnelley ProFile wcrdoc1 10.1.18 WCRfurmd0ho 10-Jun-2009 19:11 EST 72301 TX 1 3* HTM ESS 0C UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 11, 2009 JONES LANG LASALLE INCORPORATED (Exact name of registrant as specified in its charter) Maryland 001-13145 36-4150422 (State or other jurisdiction of incorporation) (Commission File Number) 200 East Randolph Drive, Chicago, Illinois 60601 (Address of principal executive offices) (Zip Code) (312) 782-5800 (Registrant s telephone number, including area code) (I.R.S. Employer Identification No.) (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
RR Donnelley ProFile START PAGE wcrdoc1 10.1.18 WCRfurmd0ho ˆ1MM3KX8PVHK8Y26bŠ 1MM3KX8PVHK8Y26 10-Jun-2009 18:53 EST 72301 TX 2 2* HTM ESS 0C Item 7.01. Regulation FD Disclosure. Additional information of the registrant is attached as Exhibit 99.1 to this report and is incorporated herein by reference. The registrant undertakes no obligation to update this information, including any forward-looking statements, to reflect subsequently occurring events or circumstances. Note: The information in this report (including the exhibit) is furnished pursuant to Item 7 and shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. This information will not be deemed an admission as to the materiality of any information contained herein that is required to be disclosed solely by Regulation FD. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibit is included with this Report: 99.1 Jones Lang LaSalle Investor Relations Presentation, June 11, 2009
RR Donnelley ProFile START PAGE wcrdoc1 10.1.18 WCRfurmd0ho ˆ1MM3KX8PVHP2=B6,Š 1MM3KX8PVHP2=B6 10-Jun-2009 18:57 EST 72301 TX 3 2* HTM ESS 0C SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JONES LANG LASALLE INCORPORATED Date: June 11, 2009 By: /s/ Lauralee E. Martin Lauralee E. Martin Executive Vice President, Chief Financial Officer and Chief Operating Officer
RR Donnelley ProFile START PAGE wcrdoc1 10.1.18 WCRfurmd0ho ˆ1MM3KX8PVJG2K86nŠ 1MM3KX8PVJG2K86 10-Jun-2009 19:05 EST 72301 TX 4 2* HTM ESS 0C Exhibit No. Description EXHIBIT INDEX 99.1 Jones Lang LaSalle Investor Relations Presentation, June 11, 2009
ˆ1MM3KX72T4FRYHLtŠ 1MM3KX72T4FRYHL LANFBU-MWS-CX02 RR Donnelley ProFile WCRARUMN0DC 10-Jun-2009 23:25 EST 72301 EX99_1 1 5* ex99_1s1gbgd Investor Presentation June 2009
ˆ1MM3KX72TCB7LRLKŠ 1MM3KX72TCB7LRL LANFBU-MWS-CX02 RR Donnelley ProFile WCRARUMN0DC 10-Jun-2009 23:32 EST 72301 EX99_1 2 7* ex99_1s2gbgd 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 1995. 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, 2008 and in the Quarterly Report on Form 10-Q for the quarter ended March 31, 2009 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. 2
ˆ1MM3KX72SMN556LbŠ 1MM3KX72SMN556L NERFBU-MWS-CX01 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 21:50 EST 72301 EX99_1 3 4* ex99_1s3gbgd Jones Lang LaSalle Value proposition Aglobal firm with Corporate Outsourcing as a growth opportunity in the current environment LaSalle Investment Management a value differentiator as a premium money management business Demonstrated ability to adapt and deliver innovative products and services: Energy and Sustainability, Value Recovery Services, etc. Fortified balance sheet with this transaction for differentiated financial strength from competitors 3
ˆ1MM3KX72SVZPFYLwŠ 1MM3KX72SVZPFYL LANFBU-MWS-CX02 RR Donnelley ProFile WCRARUMN0DC 10-Jun-2009 22:47 EST 72301 EX99_1 4 5* ex99_1s4gbgd Strengthen Capital Structure to Position for Opportunity Two-Pronged Approach Credit facilities amended for additional operating and financial flexibility - Maintained $865 million total borrowing capacity and June 2012 maturity - Additional restructuring and non-cash charge exclusions - Leverage Ratio increased to 3.75x through March 2011 -Approved by required majority of lenders; closing subject to customary documentation $228 million gross proceeds from follow-on common stock issuance (1) - Proceeds used to pay down outstanding debt on credit facilities - 6.5 million common shares issued (1) - Investment grade rated - Moody s: Baa2 (Stable Outlook) - S&P: BBB- (Stable Outlook) (1) Excludes overallotment option of 15%. Estimated net proceeds of $218 million after underwriting discount and commissions 4
ˆ1MM3KX72SN1B9SL^Š 1MM3KX72SN1B9SL NERFBU-MWS-CX01 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 21:57 EST 72301 EX99_1 5 2* ex99_1s5g1 ex99_1s5gbgd Jones Lang LaSalle Incorporated Leading real estate services and money management firm Provides comprehensive integrated real estate services and investment management expertise Approximately 36,200 employees, including 22,100 whose costs are reimbursed by our clients 750 locations in 60 countries Global brand diversified by geography and service offering Revenue by Geography 2008 (1) 2007 Americas 35% 29% EMEA 32% 34% Asia Pacific 20% 23% LaSalle Investment Mgmt. 13% 14% Consolidated 100% 100% (1) Includes Staubach revenue commencing July 11, 2008 Occupier Services 39% Diversified Revenue by Service Line Total 2008 = $2.7 billion Project and Development Services 19% Tenant Representation 13% Agency Leasing 14% Facility Mgmt. 7% Property Management 9% Valuations & Consulting 14% Money Management 13% Capital Markets 11% Investor Services 37% 5
ˆ1MM3KX72SN8SBZLKŠ 1MM3KX72SN8SBZL ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 22:00 EST 72301 EX99_1 6 3* ex99_1s6gbgd Global Strategy Focused on emerging from the global financial crisis in a stronger competitive position G1 G2 G3 G4 Local and Regional Service Operations Execution Global Corporate Solutions Counter Cyclical Global Capital Markets Global Diversity LaSalle Investment Management Annuity World Standard G5 Business Operations Operating Leverage Activity levels anticipated to be down globally Market share to offset transaction declines; successful integration of acquisitions; new products (retail); cross-selling Significant outsourcing wins and ongoing RFPs Benefit from consolidation activities; portfolio rationalization Leverage energy and sustainability offers New industries, e.g. Pharma Support investor stress with leveraged portfolios Value Recovery Services Focused on banks and financials; receiverships / loan sales Client relationships, expectations and demands Manage banking relationships against covenant and refinance risk Maximize $11-$13 billion buying power Flight to quality CRM system to leverage marketing wins Global website enhancing sales, marketing and research PeopleSoft paced to capture quick cost wins 6
ˆ1MM3KX72T0FLCHLÆŠ 1MM3KX72T0FLCHL ACWIN-CTXP60 RR Donnelley ProFile WCRPANDV0DC 10-Jun-2009 23:18 EST 72301 EX99_1 7 8* ex99_1s7gbgd Local and Regional Services Occupier position strengthened in shifting market Seoul Rome, Toronto Amsterdam Rental growth slowing Rents falling Edinburgh, Milan, Washington DC Atlanta, Berlin, Boston, Chicago, Denver, Frankfurt, Los Angeles, New York, Philadelphia, San Francisco, Singapore, Sydney Beijing, Dublin,Madrid,Paris,Shanghai,Stockholm Moscow, Sao Paulo Brussels, Detroit, Hong Kong, London Dallas, Mumbai Tokyo Mexico City Rental growth accelerating Rents bottoming out Asia-Pacific EMEA Americas Source: Jones Lang LaSalle; LaSalle Investment Management As of Q1 2009 7
ˆ1MM3KX72SN9BNXLqŠ 1MM3KX72SN9BNXL ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 22:00 EST 72301 EX99_1 8 4* ex99_1s8gbgd Leasing Revenue Growth with Increased Market Share FY 2008 and Q1 2009 Leasing revenue ($ in millions; LC =Local Currency) 18% 52% $348.3 (1) $229.3 $162.8 $194.5 FY 2008 39% 8% in LC 6% in LC 9% 45% 5% $246.7 $226.9 $87.3 $126.2 $132.7 31% $582.4 $444.6 25% in LC 25% (1) $727.8 2006 2007 2008 2006 2007 2008 2006 2007 2008 Americas EMEA Asia Pacific 2006 2007 Consolidated 2008 50% 20% in LC 24% in LC $45.5 $86.2 $57.3 Q1 2009 (35%) $25.9 $29.6 $128.7 (33%) $17.4 4% 11% in LC $133.2 2008 2009 2008 2009 2008 2009 Americas EMEA Asia Pacific 2008 2009 Consolidated (1) Includes Staubach 8
ˆ1MM3KX72SN9QWJLoŠ 1MM3KX72SN9QWJL ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 22:00 EST 72301 EX99_1 9 3* ex99_1s9gbgd The Staubach Company Integration Premier U.S. brand in Tenant Representation services Staubach was a market-leading real estate advisory firm with a presence in over 20 U.S. markets - Established over 30 years ago by Roger Staubach Fully integrated into JLL with Staubach management leading brokerage group - 2009 financial reporting to be combined performance Variable compensation using commission model - JLL Americas legacy brokers migrated to commission Diverse client base - Winning new business with stronger platform Majority of revenue, c. 85%, from tenant representation - Tenant Representation demonstrated resiliency in the last market downturn Tenant Representation Service Offerings Strategic and advisory consulting Transaction management Lease and contract negotiation Research Lease administration Portfolio strategy Business and economic incentives 9
ˆ1MM3KX72SN9XZVL]Š 1MM3KX72SN9XZVL ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 22:00 EST 72301 EX99_1 10 5* ex99_1s10gbgd Global Corporate Solutions A global leader in real estate outsourcing services Strong contribution to growth and profitability: Ongoing success with corporate relationships - 43 new contractual relationships in 2008-46 expanded relationships with existing clients Leveraging the investment in our global platform - Sustain revenue growth through counter-cyclical, annuity business - Leverage US-based outsourcing to drive global market share gain - Capitalize on our strong energy and sustainability service offerings Key wins: Transactions + Integrated Facilities Mgmt Project Management + Lease Administration Strategic Consulting + Client Relationship Management + = existing relationship + = new/expanded relationship 10
ˆ1MM3KX72SQ9QLWLMŠ 1MM3KX72SQ9QLWL ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 22:08 EST 72301 EX99_1 11 2* ex99_1s11gbgd Global Corporate Solutions Leading position with unique expertise across services & geographies Americas 60% EMEA 16% Asia Pacific 24% 22 new wins in Q1 2009 vs. 14 in Q1 2008 Outsourcing historically U.S. sourced for U.S. based multinationals Staubach position bolsters offering capabilities to corporate clients Highest margin contribution from Americas given scale Trend towards Non-U.S. based RFPs Americas Amgen Grupo Salinas Microsoft SunTrust T-Mobile and others Global / Multi-regional AstraZeneca Iron Mountain Philips Smith Group plc and others Q1 2009 Wins Asia Pacific Ericsson Nokia Suncorp and others 11
ˆ1MM3KX72SQGSBNLfŠ 1MM3KX72SQGSBNL ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 22:08 EST 72301 EX99_1 12 2* ex99_1s12gbgd Integrated Sustainability Services and Best Practices Energy conservation and cost savings a growing priority Making an impact in 2008 Over 400 LEED Accredited Professionals Managed 73 LEED projects, totaling over 35 million square feet Documented $95 million in energy savings for clients including: 5 Partner Companies 60+ Energyefficiency ideas vetted 8 Final Projects Recommended I chose Ray Quartararo and Jones Lang LaSalle because of our successful history together taking on and figuring out difficult projects and the company s deep sustainability expertise and track record. --Anthony E. Malkin Building Owner Empire State Building Company Reduced 438,000 tons of greenhouse gas emissions - Equivalent to the emissions of nearly 50 million gallons of gasoline consumption Saved 790 million kilowatt hours - Typical U.S. household consumes 11,000 kilowatt hours/year Provided 20,000 facilities with specialized energy services 8 mos. Iterative design process $4.4m Annual Energy Savings 38% Energy Reduction 12
ˆ1MM3KX72SQHQW6LÅŠ 1MM3KX72SQHQW6L ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 22:08 EST 72301 EX99_1 13 2* ex99_1s13gbgd Lower Capital Markets Revenue Reflects Challenging Market Q1 2009 Capital Markets and Hotels revenue ($ in millions; LC =Local Currency) $8.6 $7.3 (14%) 53% in LC 15% in LC $7.5 $41.4 (62%) $4.9 (34%) $15.7 2008 Americas 2009 2008 2009 2008 2009 EMEA Asia Pacific 42% in LC $57.5 (51%) $27.9 2008 2009 Consolidated 13
ˆ1MM3KX72SV=Y3GLÆŠ 1MM3KX72SV=Y3GL NERFBU-MWS-CX01 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 22:47 EST 72301 EX99_1 14 4* ex99_1s14gbgd Capital Markets - Value Recovery Services Advising clients navigating a difficult economic climate Providing advice to a major bank for an extensive property portfolio in the U.K. and continental Europe Successfully restructured large property investment group in conjunction with a major U.K. bank Advising on strategy and subsequent disposition of $1.3 billion loan portfolio in the U.S. Closed on $57 million of note sales for Morgan Stanley in New York Value Recovery Services Financial Institution Occupancy Services Financial Institution Investment Advisory Distressed Property Receivership Services Public Sector Financial Assistance Distressed Property Strategies Providing receivership, management and leasing services for 17 assignments across the U.S. Selling $250 million portfolio of U.S. asset backed B notes for European financial institution Assisting in property portfolio acquisition due diligence for insurance firm in Asia Advising financial institution on portfolio of property assets in Thailand 14
ˆ1MM3KX72SVVP8CLdŠ 1MM3KX72SVVP8CL NERFBU-MWS-CX01 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 22:44 EST 72301 EX99_1 15 3* ex99_1s15gbgd LaSalle Investment Management Premier global investment manager safe hands in a stressed sector OVERVIEW REAL ESTATE AUM TOP RANKINGS (1) Over 25 years real estate investment experience in Europe and North America, and investing in Asia Pacific for 10 years ($ in billions) $140.0 $139.0 Over 300 institutional investors worldwide investor base over 90% institutional Over $17 billion of equity raised over last three years across the major markets Operating in major markets across North America, Europe and Asia Pacific More than 700 people based in 24 offices in 16 countries around the world $120.0 $100.0 $80.0 $60.0 $40.0 $20.0 $0.0 $81.1 $75.4 $51.0 ING Real Estate Morgan Stanley RREEF JP Morgan Asset Management $44.0 $43.0 Prudential Real Estate Investors AEW Capital Management $41.1 LaSalle Investment Management Estimated Buying Power of $11 - $13 Billion (2) (1) Assets under management rankings as of 12/31/2008 based on publicly available information, including investment management websites and annual reports (2) Estimated buying power includes leverage. 15
ˆ1MM3KX72SWD=6CLFŠ 1MM3KX72SWD=6CL ACWIN-CTXP78 RR Donnelley ProFile WCRMOHAM3DC 10-Jun-2009 22:53 EST 72301 EX99_1 16 7* ex99_1s16gbgd LaSalle Investment Management Delivering annuity-based revenue ($ Millions) $400 $350 $300 $250 $200 $150 $100 $50 $0 $109.0 $88.7 $20.0 Incentive Fees Equity Earnings Advisory and Transaction Fees Operating Income $113.3 $100.6 $18.4 $150.4 $113.4 $31.8 Includes $112.5m incentive fee from a single client $202.7 $147.5 $50.2 $384.3 $206.7 $124.4 $370.8 $272.9 $112.0 $351.8 $297.0 2002 2003 2004 2005 2006 2007 2008 AUM = $23.2 B AUM = $21.5 B AUM = $24.1 B AUM = $29.8 B AUM = $40.6 B AUM = $49.7 B AUM = $46.2 B $81.9 Advisory Fee Compound Annual Growth Rate = 22% 16
ˆ1MM3KX72SLQF0GLVŠ 1MM3KX72SLQF0GL ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 21:45 EST 72301 EX99_1 17 2* ex99_1s17gbgd LaSalle Investment Management A global business and differentiator for our firm Description Separate Account Management (Firm s co-investment = $25.4MM) Q1 2009 Statistics * $19.1 billion of assets under management (25% decline over 2008) Typical Fee Structure Advisory fees Transaction fees Incentive fees Equity earnings Product European Private Equity North American Private Equity Fund Management (Firm s co-investment = $118.3MM) $17.3 billion of assets under management (10% growth over 2008) Advisory fees Incentive fees Equity earnings Asia Pacific Private Equity Total Private Equity Public Securities (Firm s co-investment = $0.1MM) $4.7 billion of assets under management (52% decline over 2008) Advisory fees Total Public Securities Total Assets Under Management = $41.1 billion * AUM data reported on one quarter lag Assets Under Management $12.9 $15.3 $8.2 $36.4 $4.7 $41.1 % 31.4% 37.2% 20.0% 88.6% 11.4% 100% 17
ˆ1MM3KX72SSB8N4L2Š 1MM3KX72SSB8N4L ACWIN-CTXP60 RR Donnelley ProFile WCRPANDV0DC 10-Jun-2009 22:26 EST 72301 EX99_1 18 4* ex99_1s18gbgd LaSalle Investment Management Responding to market challenges while positioning for leadership Q1 2009 Advisory revenue = $60 million, up 3% in local currency vs. Q1 2008 Stay close to our clients constant communication and no surprises Reinforce asset management teams bolstering performance is job #1 Execute targeted fund raising programs Respond aggressively to weakness in competitor performance Buying power available when market stabilizes Estimated Buying Power of $11 - $13 Billion (1) (1) Estimated buying power includes leverage 18
ˆ1MM3KX72SM7PD7LEŠ 1MM3KX72SM7PD7L ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 21:47 EST 72301 EX99_1 19 2* ex99_1s19gbgd Increased Liquidity Through Decisive Action Cost and Cash Actions 2008 and Q1 2009 Cost Actions $100M annualized savings in Base Compensation and Benefits - Staffing reductions of ~ 10% across the Firm (~1,400 people) - Cumulative severance-related restructuring charges of ~ $40M with a 3 to 6 month payback - Variable compensation actions add savings in addition to those from base compensation and benefits $50M projected savings in 2009 Variable Operating Expenses - Discretionary spend reductions to save net $50M on a local currency basis after absorbing acquisitions - Savings expected primarily in T&E, Professional Fees, Marketing and Training - Partially offset by new gross facilities management contracts and occupancy costs Cash Actions $60M reduction in capital expenditures - Full year planned cash spend reduced to less than $45M for 2009 Dividend reduction in Q2 2009 - $0.10 per share compared with $0.25 per share in Q4 2008 Note: Reductions in personnel percentages are based upon the population of non-reimbursed employees 19
ˆ1MM3KX72SSLP5XLpŠ 1MM3KX72SSLP5XL ACWIN-CTXP60 RR Donnelley ProFile WCRPANDV0DC 10-Jun-2009 22:28 EST 72301 EX99_1 20 3* ex99_1s20gbgd Capital and Bank Actions Simultaneous actions taken with lenders Equity Issuance Shares Sold (1) 6,500,000 Debt Amendments Received majority approval (subject to normal documentation and closing conditions) from required lenders for amendments providing additional operating flexibility Allowable EBITDA add-backs - $25M of additional restructuring charges - $100M of non-cash co-investment charges, as well as full exclusion of goodwill impairments Maximum Leverage Ratio increased to 3.75x through March 2011: - 3.50x for the two quarters ending September 30, 2011-3.25x thereafter Cash Interest Coverage Ratio amended to include depreciation add-back: Status of Facilities Maturity remains at June 2012 No reduction of borrowing capacity and facilities remain unsecured Post amendment pricing of 4.25% Per Share Total Public Offering Price $ 35.00 $ 227,500,000 Underwriting Discount $ 1.49 $ 9,668,750 Proceeds to Company $ 33.51 $ 217,831,250 Debt Adjusted EBITDA EBITDA + Rents Cash Interest + Rents (1) Excludes overallotment option of 15%. 20
ˆ1MM3KX72SW6ZZ0L6Š 1MM3KX72SW6ZZ0L NERFBU-MWS-CX01 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 22:50 EST 72301 EX99_1 21 3* ex99_1s21g1 ex99_1s21gbgd Improve Financial Position to All Stakeholders Debt Covenants with additional operating and financial flexibility Reported March 31, 2009 Reported Proforma (1) Leverage Ratio Calculation: Credit Facilities (2) $ 496 $ 278 Deferred Business Acquisition Obligations 377 377 Other - Letters of Credit, etc. 18 18 Total $ 891 $ 673 Reported EBITDA (trailing twelve months) $ 177 $ 177 Bank Covenant Add-backs: 203 203 Adjusted EBITDA $ 380 $ 380 Leverage Ratio 2.34x 1.77x Maximum 3.50x 3.75x Cash Interest Coverage Ratio: Calculated 3.33x 3.81x Minimum 2.00x 2.00x (1) Proforma combines actual March 31, 2009 results with net stock issuance of $218 million (before overallotment option of 15%) and credit amendment actions (2) Total bank line capacity, which matures June 2012, remains $865 million 21
ˆ1MM3KX72SMN86WL^Š 1MM3KX72SMN86WL ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 21:50 EST 72301 EX99_1 22 2* ex99_1s22gbgd Strengthen capital structure to position for opportunity Strategic Rationale Strength Differentiated financial strength among private and public global real estate service providers - Demonstrates strong balance sheet to Corporate and LIM clients seeking long-term partner Positioned for absolute client focus in any economic scenario LaSalle Investment Management; safe pair of hands vs. competitors in stressed environment Opportunity Capitalize on industry recovery Flexibility to acquire small, premium teams that will strengthen our competitive position Positioned to expand LaSalle Investment Management platform 22
ˆ1MM3KX72SMRX5TL7Š 1MM3KX72SMRX5TL ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 21:52 EST 72301 EX99_1 23 2* ex99_1s23gbgd World Standard Business Operations Setting the Industry Standard for Real Estate Service Companies Jones Lang LaSalle is a Leading Real Estate Services Brand: Dominant Global Platform -Approximately 180 offices in over 60 countries worldwide - Research-driven global money management business - Client demands for global expertise satisfied by few providers Positioned for Short and Long Term Success - Premier and expanding position in the corporate outsourcing space -Expand share in local markets - Leading global investment management business Solid Financial Strength and Position - Diversified revenues by region and by service line - Solid balance sheet with investment-grade ratings -Strong global platform positioned for opportunity & market recovery 23
ˆ1MM3KX72SMSRNQLGŠ 1MM3KX72SMSRNQL ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 21:53 EST 72301 EX99_1 24 2* ex99_1s24gbgd Appendix 24
ˆ1MM3KX72SX5SN=LbŠ 1MM3KX72SX5SN=L NERFBU-MWS-CX01 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 23:03 EST 72301 EX99_1 25 5* ex99_1s25gbgd Staubach Acquisition - Transaction Overview Jones Lang LaSalle and The Staubach Company closed the transaction to merge operations on July 11, 2008 - Staubach to receive guaranteed payments of $613 million (1), plus additional earn out opportunities of up to $114 million based on performance milestones - $223 million consideration at close - $123 million paid in cash (2), $100 million paid in Jones Lang LaSalle stock - $390 million of deferred payments (present value $330 million) - 1 st payment = $78m, 2 nd payment = $156m, 3 rd payment = $156m; payments to be made 25, 37 and 61 months following the transaction close (3) - Approximately $20 million of intangible asset amortization remaining - $4 million anticipated for the remainder of 2009 - Less than $5 million of remaining P&L integration expense expected in 2009 (1) Total Guaranteed Purchase Price is $624 million before the deduction of net closing date liabilities and $11 million to fund transition costs (2) Cash payment at close reduced by the net closing date liabilities (3) 1st and 2nd payments can be deferred an additional 12 months each based on performance 25
ˆ1MM3KX72SQQWRFL/Š 1MM3KX72SQQWRFL ACWIN-CTXP61 RR Donnelley ProFile WCRARUMR0DC 10-Jun-2009 22:10 EST 72301 EX99_1 26 3* ex99_1s26gbgd Lower Capital Markets Revenue Reflects Challenging Market FY 2008 Capital Markets and Hotels revenue ($ in millions; LC =Local Currency) 18% 20% 43% in LC 63% 48% in LC $105.2 (55%) $89.3 $288.9 $347.3 (44%) (1) $105.4 (49%) $64.5 $195.8 $53.4 $47.6 2006 2007 Americas 2008 2006 2007 2008 2006 2007 2008 EMEA Asia Pacific 26% 46% in LC $557.8 (1) (47%) $442.7 $296.8 2006 2007 2008 Consolidated (1) Excludes Asia Pacific Hotels advisory fee 26