2012 Full-year results: Presentation - Unibail-Rodamco

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•On January 15, 2013, Unibail-Rodamco announced its partnership with SOCRI, a family owned shopping centre and hotel developer and operator,to develop the new generation open air mall Polygone Riviera.•Located in Cagnes-sur-Mer on the French Riviera between Cannes and Nice, Polygone Riviera will bring together shopping, leisure and artin a unique Mediterranean atmosphere designed by a team of renowned architects, under the direction of José Ignacio Galán Martinez (architectof La Maquinista, Barcelona).•Expected to open in H2-2015, the 71,474 m² GLA shopping mall will offer a unique line up of shopping and leisure with 180 shops, one cinema,one casino and 3,000 car parks.•Opening in H2-2015, the catchment area of Polygone Riviera includes 1.1 Mn inhabitants with above average wealth.•The shopping centre will enjoy Unibail-Rodamco’s highest quality standards such as the 4 Star Label and the Dining Experience. Its environmentalperformance will be on par with the international standards of BREEAM.•In this transaction Unibail-Rodamco has:• Acquired majority stake of 50.01%;• Obtained a call option to acquire 29.99% (to be exercised from two years after opening of Polygone Riviera);• Granted SOCRI a put option for 29.99% (exercisable up to two years after opening).•Unibail-Rodamco’s target yield on cost on this project is 8%. The expected total investment cost (1) is €386 Mn.(1) TIC = Total Investment Cost including Unibail-Rodamco’s acquisition of the 50.01% stake
45CAPTURING LANDMARK DEVELOPMENT PROJECTSCarré Sénart extension, Paris regionWroclaw, PolandOpening: H2-2015GLA after extension: 130,810 m²TIC: €146 MnOpening: H2-2017GLA: 73,979 m²TIC: €216 Mn• 3 new Controlled (1) projects added to the pipeline representing 171,000 additional m² GLA• Capacity to source new projects in undersupplied catchment areas targeted by retailers
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Re-inventing the customer experienc
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TABLE OF CONTENTS• 2012 Full-Year
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22012 FULL-YEAR RESULTS AND VALUATI
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STRONGOPERATING PERFORMANCELa Maqui
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•Total consolidated Net Rental In
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(1) Rotation rate = (number of re-l
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•Tenant sales in Unibail-Rodamco
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(1) Footfall performance as of Dece
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•Unibail-Rodamco’s Spanish shop
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•Unibail-Rodamco’s consolidated
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•2-8 Ancelle is a 16,600 m² GLA
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•The 2012 activity level was larg
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13NAV GROWTH DRIVEN BY RENTAL GROWT
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14DECREASE IN INTEREST RATES WEIGHS
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15LARGE SHOPPING CENTRE VALUES CONT
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ROBUST BALANCE SHEETFisketorvet, Co
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•The financial ratios of the Grou
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•Medium to long-term financing tr
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(1) Average spread over mid-swap ra
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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: CAPTURING LANDMARK DEVELOPMENT PROJ
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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