WERELDHAVE France May 2016 Overview
Contents o Wereldhave Group o French business unit: Portfolio Management team Leasing team Brand strategy 2
The Group o o Independent company listed on the Amsterdam and Brussels stock exchanges, founded in 1930, first Real Estate Investment Trust in Europe, originally handling residential property. Since 2012, the Company has undergone a radical transformation. Wereldhave has evolved from being a real-estate investor in seven countries across five different real-estate sectors, to being a specialized investor in medium-sized shopping centres, in four continental European countries (96.5% of its portfolio): Acquisition of 6 Unibail centres in France (2014) and 9 Klépierre centres in the Netherlands (2015). 34 centres: 6 in France / 19 in the Netherlands / 8 in Belgium / 1 in Finland. 96.5% of its portfolio is composed of shopping centres. Market capitalization: 2.2 billion Property portfolio valuation at 30/06/15: 3.6 billion. o Wereldhave s goal is to become European market leader in medium-sized shopping centres. 3
Portfolio By financial value By type of assets By number of centres 20% 4% 21% 39% 3% 17% 58% 18% 23% 96% Belgium France Finland Netherlands Shopping Centres Offices Belgium France Finland Netherlands 34 centres: 6 in France: Rivetoile / Mériadeck / Docks 76 / Saint Sever / Docks Vauban / Côté Seine 19 in the Netherlands 8 in Belgium 1 in Finland: ITIS in Helsinki 4
Positioning: Community shopping centres 1. CENTRE SIZE FROM 20,000 TO 50,000 m² 2. SUPERMARKET ANCHORED 3. DOMINANT IN ITS CATCHMENT AREA 4. TAILORED TO LOCAL NEEDS GLA by centre in sqm A quarter of the area is dedicated to food. More than 100,000 inhabitants less than 20 minutes away. We take the profile of the catchment area into account. 100.000 26.687 25% 7.500 75% Gallery type average Regional jumbos Other With these types of centre, we cover 90% of the needs. Providing a mixture of domestic, international and independent brands. Almost all of our centres have a large surface area dedicated to food. The internet has a lower impact on the food supply market. The centre is dominant in its area. Competition is already established, so fluctuation levels are stable. Brands, services and events are tailored for the local market. 5
WERELDHAVE FRANCE Overview
Our portfolio in France Saint Sever - Rouen 43,000 sqm, 9.5m visitors Mériadeck - Bordeaux 37,600 sqm, 10.7m visitors Les Passages: 8,000 m² with Sunday opening Côté Seine - Argenteuil (Paris) 29,000 sqm, 5.2m visitors Rivetoile - Strasbourg 28,000 sqm, 5.7m visitors Docks Vauban - Le Havre 53,000 sqm, 5.8m visitors Docks 76 - Rouen 35,750 sqm, 4m visitors 7
The Management Team 48 people at the end of 2015, providing full integration of all functions ERIC DAMIRON - MANAGING DIRECTOR June 2015 Wereldhave France 2012-2015 Corio France, COO & CEO 2005-2012 Strateo Consulting, Director/Owner 2000-2004 Hammerson France, Property & CM M.D. 1998-2000 Consulting 1988-1998 LVMH Group/le Bon Marché/Franck & Fils: Finance & Operations Management 1980-1988 Financial positions at Hachette Group and Maison Phénix Education MSc in Business Management, the Sorbonne, 1980 OLIVIER MOURRAIN - DIRECTOR OF OPERATIONS Jan. 2015 Wereldhave France 2013-2014 Unibail Rodamco, Mfi AG, Financial integration 2011-2013 Unibail Rodamco, CFO Nordics 2003-2011 Unibail Rodamco, Group Deputy Operations Director 1999-2003 L'Oréal, Operations Director Education MSc in Business Management, Dauphine, 1999 ESTELLE BRIAND COMMERCIAL DIRECTOR Oct. 2015 Wereldhave France 2011-2015 Hammerson France, Senior Leasing Manager 2010-2011 IFP Groupe, Maison de la Literie, Bus. Associate 2006-2010 Cushman & Wakefield, Senior Manager 2004-2006 Photomaton, Development Manager 2001-2004 Legal positions at Klepierre and Claire s Accessories RICHARD BRAUN - FINANCIAL DIRECTOR Jan. 2015 Wereldhave France 2009-2014 Wereldhave, Group Financial Controller 2007-2009 Wereldhave, Head of Accounting 1998-2006 PwC, Audit Manager Education Masters in Litigation and Arbitration, University of Reims, France, 2000 Education Post Graduate Degree in Auditing, University of Amsterdam, the Netherlands, 2005
The leasing team: 6 managers + 1 leasing assistant Estelle Briand - Leasing Director / Emilie Quizy - Leasing Assistant ANABELA BENROS - SENIOR LEASING MANAGER May 2016: Wereldhave France 2014-2016: Corio, then Klépierre : Senior Leasing manager 2011-2014: Hammerson, Senior Leasing manager 2010-2011: Klépierre, Leasing manager 2006-2010: Klépierre, Legal consultant 2002-2006: Armand Thiery, Legal assistant Education Masters in Business Law BENJAMIN LEBORGNE - LEASING MANAGER CAROLINE LANGLOIS - LEASING MANAGER CHARLOTTE JOUAN - LEASING MANAGER Nov. 2015: Wereldhave France 2013-2015: Carrefour Property, Leasing manager 2013: Carrefour Property, Assistant Director of Development 2012: Altarea Cogedim, Trainee Assistant in Rental Management 2011: Européene de Marbre (Londres), Trainee Assistant Commercial Director Education Master in Management and Administration of Real Estate, Estate Assets, Ipag, Paris, 2012 Feb. 2016: Wereldhave France 2011-2015: A2C, Leasing manager 2009-2011: Groupe Ludendo, Development Manager Education Négocia - Procos: Brand Development Nov. 2015: Wereldhave France 2014-2015: A2C, Leasing manager 2013-2014: Icade, Marketing manager 2012: Algoé, Junior consultant 2011: Convergences CVL, Assistant Project Manager Education Masters in Urban and Real Estate Management, ESSEC Business School, Paris, 2012 9
Our strategy Wereldhave France is the closest partner for a continuous and sustainable performance improvement 10
Wereldhave, close to the brands Wereldhave means: o Dedicated teams in all departments of the company: shopping centre management, leasing, contract and property management. o Specific web site for retailers: introduction of the team, retail news, services charges and works details, marketing plans, règlement intérieur, cahier des charges preneur, SC performances, etc. o 3-years Services charges and Works forecasts. o Annual report on building efficiency. o Annual sustainable report. 11
Wereldhave, close to the retailers Wereldhave means: o Complete shopping centre management team. o Two general meetings a year in each shopping centre. o Community and retail manager for each shopping centre to improve performances. o Up to date security system for each site (panic button in each store, video monitoring, etc.) 12
Wereldhave, close to the consumers Wereldhave means: o Strong offer in Services, Catering and Leisure, Health and Well-being activities. o Opening hours in line with consumers expectations. o Advertising policy adapted to the catchment area sociology. 13