2012 Full-year results: Presentation - Unibail-Rodamco

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•Medium to long-term financing transactions completed in 2012 amounted to €4,559 Mn and include:• The signing of €1,384 Mn medium to long-term credit facilities or bank loans with an average maturity of 4.2 years and an average margin of 95 bps.This amount includes the refinancing of a €600 Mn syndicated credit facility due in 2013, which was renegotiated and extended toDecember 2017 in December 2012;• The issue of 3 public EMTN bond issuances for a total amount of €2,000 Mn with the following features:• in March 2012: €750 Mn bond issue with a 3.000% coupon and a 7-year maturity;• in August 2012: €750 Mn bond issue with a 2.250% coupon and a 6-year maturity;• in October 2012: €500 Mn bond issue with a 1.625% coupon and 4.7-year maturity. This is the lowest coupon ever paid by Unibail-Rodamco for a publicEuro benchmark.• The issue of 2 private EMTN placements for a total amount of €425 Mn, with a 3.196% coupon and a 10-year maturity;• The issue of a €750 Mn convertible bond (ORNANE) in September 2012 with a 0.75% coupon, a duration of 5.3 years and an exercise priceof €217.28 at issuance corresponding to a 35% issue premium on the VWAP.In total €2,425 Mn was raised on the bond market in 2012 at an average margin of 99 bps over mid-swap for an average duration of 6.7 yearsvs 148 bps on average in 2011 for an average duration of 6.4 years.In 2012, the ORNANE issued in April 2009 was almost fully repaid, leading to the repayment of €575 Mn in cash and the creationof 2,013,012 shares.
19COST OF DEBT ADVANTAGEAverage spread over mid-swap rate paidon 2012 Euro bond issuances (1)Secondary levels of comparable bonds(in bps over mid-swap rate) (2)227 bps21019017015099 bps1301109070109909073Unibail-RodamcoEPRA Eurozone companies50Jan-12 Mar-12 May-12 Jul-12 Sep-12 Nov-12 Jan-13Unibail-Rodamco (11/2020)Bouygues (07/2020)ABBB+France Telecom (01/2021) A-EDF (01/2021) A+• Unibail-Rodamco raised €2,425 in bonds in 2012 at an average 99 bps over mid-swap• 128 bps cost of financing advantage against peers in 2012
Page 1 and 2: Re-inventing the customer experienc
Page 3 and 4: TABLE OF CONTENTS• 2012 Full-Year
Page 5 and 6: 22012 FULL-YEAR RESULTS AND VALUATI
Page 7: STRONGOPERATING PERFORMANCELa Maqui
Page 10 and 11: •Total consolidated Net Rental In
Page 12 and 13: (1) Rotation rate = (number of re-l
Page 14 and 15: •Tenant sales in Unibail-Rodamco
Page 16 and 17: (1) Footfall performance as of Dece
Page 18 and 19: •Unibail-Rodamco’s Spanish shop
Page 20 and 21: •Unibail-Rodamco’s consolidated
Page 22 and 23: •2-8 Ancelle is a 16,600 m² GLA
Page 24 and 25: •The 2012 activity level was larg
Page 27 and 28: 13NAV GROWTH DRIVEN BY RENTAL GROWT
Page 29 and 30: 14DECREASE IN INTEREST RATES WEIGHS
Page 31 and 32: 15LARGE SHOPPING CENTRE VALUES CONT
Page 33: ROBUST BALANCE SHEETFisketorvet, Co
Page 36 and 37: •The financial ratios of the Grou
Page 40 and 41: (1) Average spread over mid-swap ra
Page 43 and 44: 21ACTIVE AND DISCIPLINED VALUE CREA
Page 45: RE-INVENTINGTHE CUSTOMER EXPERIENCE
Page 49 and 50: 24FOCUS ON RE-INVENTING THE CUSTOME
Page 51 and 52: 254 STAR LABEL: A UNIQUE QUALITY RE
Page 53 and 54: 26INTRODUCTION OF PREMIUM RETAILERS
Page 55 and 56: 27BROADENING THE RETAIL OFFERPrice
Page 57 and 58: ICONIC SHOP FRONTS: NEW DESIGN REFE
Page 59 and 60: 29DINING EXPERIENCE: CREATING NEW E
Page 61: 30DINING EXPERIENCE: A RECIPE TO IN
Page 64 and 65: •The Dining Experience concept wa
Page 66 and 67: •In 2012 the Group considerably a
Page 68 and 69: •So Ouest is a 48,434 m² GLA sho
Page 70 and 71: •Since opening, So Ouest proves t
Page 72 and 73: •Acquired in October 2011, Splau
Page 74 and 75: •Unibail-Rodamco has two main lon
Page 76 and 77: •At the end of 2012, 43% of the G
Page 79 and 80: 39€7 BN OF PRIME QUALITY DEVELOPM
Page 81 and 82: 3 SHOPPING CENTRES SUCCESSFULLY OPE
Page 83 and 84: 412013-2015: MOMENTUM FOR NEW DELIV
Page 85 and 86: STRONG GROWTH AHEADCENTRUM CERNY MO
Page 87 and 88: STRONG GROWTH AHEADALMA EXTENSION,
Page 89 and 90:
STRONG GROWTH AHEADTOISON D’OR EX
Page 91 and 92:
42STRONG GROWTH AHEADCentrum Cerny
Page 93 and 94:
STRONG GROWTH AHEADAÉROVILLE, PARI
Page 95 and 96:
CAPTURING LANDMARK DEVELOPMENT PROJ
Page 97 and 98:
45CAPTURING LANDMARK DEVELOPMENT PR
Page 99 and 100:
46BUILDING NEW GENERATION OFFICE BU
Page 101:
OUTLOOKAND DISTRIBUTIONArkadia, War
Page 104 and 105:
•For 2013, the Group remains posi
Page 106:
•The Group will propose to the An
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2012 Full-year results: Presentation - Unibail-Rodamco

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