2010 Full year results - Unibail-Rodamco

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LARGE CENTRES AGAIN OUTPERFORMING Shopping centres below 6 Mn visits per year (16% of GMV (5) ) Shopping centres above 6 Mn visits per year (84% of GMV (5) ) Higher sales intensity Tenants‟ Sales (1) €/m² €4,164/m² €6,073/m² Higher demand from retailers Higher rotation rate (2) (%) 5.7% 9.3% Higher rental uplift (3) (%) 8.8% 19.9% Lower vacancy rate (4) (%) 2.8% 1.5% 24
Large shopping centres continue to outperform smaller ones as they are more attractive to customers who can enjoy full experience, more ambitious design and architecture, a wide tenant mix with on-going tenant rotation. Consequently those shopping centres with higher footfall have a higher sales intensity which makes them more appealing to retailers. Management intensity is higher in these centres as well as marketing budgets allowing to organise differentiating events. (1) For small shops, i.e. below 500 m² (2) The rotation rate is the number of re-lettings + number of assignments + number of renewals with new concepts / number of stores (3) The rental gain calculated as the difference between the new rent and the old rent. This indicator is calculated only on renewals and re-lettings and not on vacant unit re-lettings (4) Financial vacancy EPRA ratio = Estimated Rental Value (ERV) of vacant spaces divided by ERV of total surfaces (5) Based on gross market value at December 31, 2010 25
Page 1 and 2: 2010 Annual Results Back to growth
Page 3 and 4: DISCLAIMER Unibail-Rodamco S.E., a
Page 6 and 7: FULL-YEAR 2010 FINANCIAL RESULTS in
Page 8 and 9: ASSET VALUES UP AGAIN IN 2010 in
Page 10: OUTPERFORMING OPERATIONAL RESULTS L
Page 13 and 14: Total consolidated shopping centres
Page 15 and 16: Despite the impact of bad weather i
Page 17 and 18: Focusing on the French portfolio, w
Page 19 and 20: Unibail-Rodamco‟s shopping centre
Page 21 and 22: Unibail-Rodamco has been very activ
Page 23: Dynamic leasing activity, especiall
Page 27 and 28: La Maquinista was extended by 16,14
Page 29 and 30: Donau Zentrum was extended by 25,87
Page 31 and 32: Lyon Part-Dieu was extended by 14,9
Page 33 and 34: Another successful innovation in 20
Page 35 and 36: Mobile applications are becoming an
Page 37 and 38: The Paris market accounted for 43%
Page 39 and 40: The office division in France perfo
Page 41 and 42: The environment remained challengin
Page 44: A STRATEGY PERFECTLY TAILORED TO FI
Page 47 and 48: There is a strong appetite from inv
Page 49 and 50: Unibail-Rodamco is focusing its att
Page 51 and 52: On July 15, 2010, Unibail-Rodamco f
Page 53 and 54: Unibail-Rodamco is focusing on larg
Page 56 and 57: A UNIQUE DEVELOPMENT PIPELINE ACROS
Page 58 and 59: SIGNIFICANT INCREASE IN DEVELOPMENT
Page 60 and 61: MAJOR ACHIEVEMENTS IN 2010 (1) Coun
Page 62 and 63: 50% OF JUMBOS TO BENEFIT FROM MASSI
Page 64 and 65: DELIVERING UNIQUE PROJECTS IN A LOW
Page 66: CHOOSING PRIME LOCATIONS IN PRIME C
Page 69 and 70: Construction works at Badajoz start
Page 71 and 72: Through the plan for “Grand Paris
Page 73 and 74: Unibail-Rodamco is investing in 2 t
Page 76 and 77:
A SOUND FINANCIAL STRUCTURE AFTER D
Page 78 and 79:
LOW COST OF DEBT SECURED FOR THE NE
Page 80 and 81:
DISTRIBUTION • For 2010 fiscal ye
Page 82:
OUTLOOK Täby Centrum - Greater Sto
Page 85 and 86:
(1) Compound annual growth rate 85
Page 88:
2010 Annual Results Carré Sénart
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2010 Full year results - Unibail-Rodamco

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