2017 SOCIÉTÉ GÉNÉRALE SRI CONFERENCE 07/11/17

Transcription

1 2017 SOCIÉTÉ GÉNÉRALE SRI CONFERENCE 07/11/17

2 DISCLAIMER SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE This document was prepared by Klépierre solely for use of 2017 Société Générale SRI Conference. This document is not to be reproduced or distributed, in whole or in part, by any person other than the Company. The Company takes no responsibility for the use of these materials by any person. The information contained in this document has not been subject to independent verification and no representation, warranty or undertaking, express or implied, is made as to, and no reliance may be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither the Company nor its shareholders, its advisors, its representatives or any other person shall be held liable for any loss arising from any use of this document or its contents or otherwise arising in connection with this document. In the event of any discrepancies between the information contained in this document and the public documents, the latter shall prevail. This document does not constitute an offer to sell or an invitation or solicitation of an offer to subscribe for or purchase any securities, and this shall not form the basis for or be used for any such offer or invitation or other contract or engagement in any jurisdiction. 2

3 TABLE OF CONTENTS SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE 01 KLÉPIERRE AT A GLANCE 02 SUSTAINABILITY FRAMEWORK 03 SUSTAINABILITY OBJECTIVES & ACHIEVEMENTS 3

4 01 KLÉPIERRE AT A GLANCE 4

5 SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE LEADING EUROPEAN PLAYERS IN THE RETAIL PROPERTY MARKET Shopping Centers Property Value in Millions 33,082 22,817 4,500 4,425 4,337 3,979 3,650 3,577 Source: Companies annual reports, as of December 31,

6 KEY FIGURES SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE 23.3bn PORTFOLIO VALUE (1) Global ownership 1.3bn 2016 TOTAL REVENUES (2) 20.3% 57 CITIES IN CONTINENTAL EUROPE 1.1bn FOOTFALL 13.1% 10.4bn MARKET CAPITALIZATION (3) 66.6% A- S&P CREDIT RATING Simon Property Group APG Free float (1) As of June 30, 2017 (total share, excluding duties) (2) As of December 31, 2016 (3) As of October 26,

7 SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE KLÉPIERRE EUROPEAN PLATFORM HOSTS THE BEST INTERNATIONAL BRANDS 209 stores 143 stores 10 stores 104 stores 70 stores 85 stores 66 stores 96 stores 77 stores 9 stores 75 stores 51 stores 7

8 SOCIÉTÉ GÉNÉRALE NOVEMBER OUR SHOPPING CENTER PLATFORM Focused on the most dynamic territories with connections to transport infrastructures 7, 2017 SRI CONFERENCE Shopping center geographical split (1) France-Belgium 39.3% Italy Scandinavia Netherlands Iberia Germany CEE & Turkey 16.5% 17.9% 5.5% 8.2% 4.8% 7.8% (1) As of December 31, 2016 (total share, excluding duties). Bubbles on the map represent the portfolio value of our malls by regions. 8

9 THE AVERAGE KLÉPIERRE MALL Data on a yearly basis as of December 31, 2016 SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE 6,220,975 Visitors/year 153m Asset value 72 Tenants 9.1 M kwh Energy consumed 17% 95 gco 2 e Emissions/visit 565 tons Waste generated 24% 59% 28,569 sq.m. Gross leasable area 27,435 m³ Water consumed 9

10 02 SUSTAINABILITY FRAMEWORK 10

11 GOOD CHOICES SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE MAXIMIZING OUR CONTRIBUTION TO LOCAL DEVELOPMENT C S AIMING FOR SUSTAINABLE EXCELLENCE IN OPERATIONS R ACTING AS A RESPONSIBLE & INNOVATIVE SECTOR LEADER 11

12 SUSTAINABILITY AT KLÉPIERRE A pioneer and mature approach SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE First non financial ratings Creation of the Sustainable Development Department and Committee Signing of the United Nations Global Compact Launch of Good Choices Implementation of a European-wide approach with the integration of Corio assets Integration of sustainability into operations with an Engineering and Sustainablility Department 12

13 OUR STAKEHOLDERS EMPLOYEES 1,302 PUBLIC AUTHORITIES 72m in local taxes and 74,000 jobs generated VOLUNTARY ASSOCIATIONS 1.6m in charitable contributions SOCIÉTÉ GÉNÉRALE NOVEMBER SHAREHOLDERS AND FINANCIAL PARTNERS Property portfolio of 22.8bn SHOPPING CENTER CUSTOMERS 7, 2017 SRI CONFERENCE ECONOMIC PARTNERS Operational budgets of ca. 300m SHOPPING CENTER INDUSTRY Close to 20 meetings of European players on CSR in 2016 RETAILERS 1,789 leases signed in bn visitors 16 countries 13

14 SOCIÉTÉ GÉNÉRALE NOVEMBER A ROBUST MONITORING SYSTEM 7, 2017 SRI CONFERENCE DEFINITIONS Sustainability Reporting Manual One protocol covering environmental and societal issues and another one covering community issues MONITORING Sustainability Reporting Usage monitoring (in real time if possible) Quarterly reporting to the Executive Board and Supervisory Board ANALYSIS Sustainability Dashboard Comparative analysis of centers Identification of areas for improvement Personalized goals ACTIONS Sustainability Review Annual review of action plans Close to 590 actions listed in

15 03 SUSTAINABILITY OBJECTIVES & ACHIEVEMENTS 15

16 OUR 2020 AMBITIOUS OBJECTIVES SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE ENERGY PERFORMANCE -25% in kwh/visit in 2020 vs 2013 (1) CLIMATE CHANGE -30% in GHG emissions in 2020 vs 2013 (1) CERTIFIED PORTFOLIO 90% in 2020 WASTE EFFICIENCY 90% of waste recovered in 2020 LOCAL DEVELOPMENT 50% of centers undertaking job/training forums HUMAN CAPITAL DEVELOPMENT 100% of staff offered at least 1 training day (1) Like-for-like pro forma: includes Corio as if the Corio acquisition had occurred on January 1,

17 SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE ENERGY PERFORMANCE kwh/visit 0.68 % of portfolio certified Target Target -17% in 3 years ( ) Target -25% in 2020 in kwh/visit, vs

18 SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE CLIMATE CHANGE (CARBON FOOTPRINT) DIRECT RESPONSIBILITY LIMITED RESPONSIBILITY 8,575 Refrigerant fluids 16,945 Gas, fuel and bio-fuel from common areas 38 Head Office - Energy 68,768 Electricity and heating and cooling networks from common areas 402 Head Office Employees 17,671 Waste removal and treatment 210,962 Energy from tenant areas 1,400,000 Visitors commuting Scope 1 All GHG emitted directly on the shopping centers Scope 2 Indirect GHG emissions through purchasing of electricity, heat or steam Scope 3 Other indirect emissions Not exhaustive Note: Journeys by visitors were estimated asset-by-asset using an average distance of 10 to 22 km for a round trip journey depending on the type of asset and applying an emission factor specific to each mode of transportation according to the breakdown of visits. Emissions from retailer energy usage were estimated by extrapolating the CO2 impact of energy usage for centers for which we have usage information on tenants across all holdings. Head office emissions include energy usage associated with French head office buildings. 18

19 SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE CLIMATE CHANGE (CARBON EMISSIONS REDUCTION) gco 2 e/visit (location based) gco 2 e/visit (market based) Target -14% in 3 years ( ) Target -30% in 2020 in gco 2 e/visit, vs

20 CERTIFICATION SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE 65% 65% 90% 81 assets certified in % 23% 35% % of portfolio certified Target Target 90% in

21 WASTE EFFICIENCY SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE 90% 56% 59% 63% 75% 75% 75% of waste recovered in 2016 % recovered Target Target 90% in

22 SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE CONTRIBUTION TO LOCAL DEVELOPMENT Having a positive impact on the local communities 74,000 jobs generated close to Klépierre s shopping centers across europe 1.6m amounts allocated to philanthropy initiatives 63% centers having organized local jobs/school forums in

23 SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE HUMAN CAPITAL DEVELOPMENT 100% 77% 70% 72% 71% 82% 82% of employees were offered at least one training in 2016 Access to training Target Target 100% in

24 SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE UNDISPUTED SUSTAINABILITY LEADERSHIP IN EUROPE B- A list A list Among the top 3 Retail global player listed GOLD AWARD 1 of the 5 companies receiving it for the sixth year in a row CLIMATE CHANGE Klépierre maintained in CDP A list 24

25 SOCIÉTÉ GÉNÉRALE NOVEMBER 7, 2017 SRI CONFERENCE AN INNOVATIVE & COLLABORATIVE APPROACH STAKEHOLDER INVOLVEMENT RERER ENGAGEMENT ALONGSIDE OUR RETAILERS PARTNERSHIPS WITH INNOVATIVE START-UPS COLLABORATION WITH INDUSTRIAL PARTNERS INTERNAL TEAMWORK RERER The upcoming new CSR strategy is being developed together with our main retailers (investors, real estate developer, retailers, NGOs, scientists ) Finding together new ways of doing retail to achieve our CSR common goals To implement new technologies or propose new services to our clients in our malls Development of operational pilots to test and develop new CSR solutions Integration of sustainability issues into existing processes of the Company through Corporate synergies 25