CORPORATE RESPONSIBILITY AT SONAE SIERRA ppt

Release date: January 30, 2013 CONTENTS WHO WE ARE CORPORATE RESPONSIBILITY AT SONAE SIERRA SIERRA FUNDS INDICATORS OUR SHOPPING CENTRES Portugal – Ownership & Management Portugal – Under Development Spain – Ownership & Management Spain – Under Development Italy – Ownership & Management Italy – Under Development Germany – Ownership & Management Germany – Under Development Greece – Ownership & Management Greece – Under Development Romania – Ownership & Management Romania – Under Development Brazil – Ownership & Management Brazil – Under Development Sonae Sierra Press Kit Release date: January 30, 2013 P 3/23 WHO WE ARE SONAE SIERRA IS THE INTERNATIONAL SHOPPING CENTRE SPECIALIST, PASSIONATE ABOUT CREATING INNOVATIVE SHOPPING EXPERIENCES. Our integrated approach to the shopping centre business includes the ownership, development and management activities. This strategy allowed us to develop a recognized unique know-how which we use for our shopping centres, as well as third-parties projects and operating shopping centres. Currently the Company operates in Portugal, Spain, Italy, Germany, Greece, Romania, Croatia, Morocco, Algeria, Colombia and Brazil. Incorporated in Portugal in 1989, Sonae Sierra is owned by Sonae, SGPS (Portugal) with 50% and Grosvenor (United Kingdom) with 50%. The company has been awarded more international prizes than any other company in this sector. Our strong partnership policy allows the company to quickly gain an in-depth knowledge of a market and create new business opportunities. SHOPPING CENTRES AND NEW PROJECTS Owner of 47 Shopping Centres with a total GLA of 2.0 million m2. Responsible for the management of more than 70 shopping centres with an Open Market Value of 6.4 billion euros. 7 projects under development, including 4 for third parties, and 7 new projects in pipeline. Sonae Sierra Press Kit Release date: January 30, 2013 P 4/23 CORPORATE RESPONSIBILITY AT SONAE SIERRA FOR SONAE SIERRA, THE SUSTAINABLE GROWTH OF THE COMPANY IMPLIES A CONSTANT EVALUATION OF THE INTERACTION AND BALANCE BETWEEN ECONOMIC, SOCIAL AND ENVIRONMENTAL GOALS. Corporate responsibility is nothing new at Sonae Sierra. It’s been part of our business for years, and we place a huge emphasis on it throughout the entire shopping centre development process – from planning, to investment, to building, to management. Our mission remains the same: to create value for our shareholders, while taking into account our social responsibilities towards our other important stakeholders, as well as the environment. We believe this balance is crucial if we want to keep growing. We are proud to be leading the way in developing ‘green’ shopping centres, which are more energy, waste and water efficient – and we have picked up several social and environmental awards, in recognition for our efforts. We were also the first shopping and leisure centre company to receive ISO14001 certification for our environmental management system. We have also developed a Safety & Health culture throughout the entire Company and our shopping and leisure centres, implementing measures consistent with our objectives and policy, so as to minimize and control potential risks derived from our activity. This attitude was rewarded when we become the first European company in the shopping centre sector to have a system in conformity with the OHSAS (Occupational Health and Safety Assessment Series) 18001 standard. This is in addition to the many initiatives we have introduced; to look after the welfare and engage our numerous stakeholders from our employees and our tenants, to the local communities were we are present. But we know there’s always more we could be doing. So we are constantly striving to become more efficient, more environmentally friendly, more socially responsible. It’s a fundamental part of our approach to the shopping centre business. Sonae Sierra Press Kit Release date: January 30, 2013 P 5/23 SIERRA FUNDS IN ADDITION TO THE DIRECT OWNERSHIP OF SOME OF OUR SHOPPING CENTRES, WE CO-OWN MANY OTHERS THROUGH INNOVATIVE INVESTMENT FUNDS LAUNCHED IN PARTNERSHIP WITH INTERNATIONAL INVESTORS. The principle objective of these funds is to offer our investors dividends and capital appreciation through investments in high quality shopping centres. The management of each fund follows a common commitment: Sonae Sierra owns part of the funds and manages the shopping centres for the duration of the investment, generating the possibility of maintaining the partnerships with the tenants and co-owners of each shopping centre whilst freeing capital to invest in new locations or take advantage of new business opportunities, thus increasing the value of the portfolio. Some of our fund partners Netherlands ABP USA TIAA-CREF Brazil Credit Suisse HG United Kingdom Schroders Investment Management Aberdeen Property Investors France CNP Assurance CDC Finland KEVA Ilmaren Sonae Sierra Press Kit Release date: January 30, 2013 P 6/23 INDICATORS 2011 IN A GLANCE Consolidated Net Profit of € 9.70 million NAV of € 1,173 million EBITDA grew to € 112.8 million compared to € 123.4 million in 2010 GLA under management of more than 2.2 million m2 About 8.500 tenant contracts 428 million visists visits in its shopping centres PERFORMANCE INDICATORS 2006 2007 2008 2009 2010 2011 Real Estate NAV as at 31 Dec. (€ million) 1,490 1,713 1,416 1,228 1,251 1,173 GLA owned in operating centres (000’s m 2 ) 1,660 1,855 1,963 2,059 2,017 1,924 GLA under management (000’s m 2 ) 2,001 2,183 2,163 2,284 2,220 2,233 Number of tenant contracts under management 7,293 8,162 8,455 8,924 8,521 8,495 Consolidated EBITDA – IAS (€ million) 149 93 105.9 108.8 123.4 112.8 Consolidated Net Profit – IAS (€ million) 160.3 214.9 -116.1 -111 8.7 9.7 Sonae Sierra Press Kit Release date: January 30, 2013 P 7/23 PORTUGAL OWNERSHIP & MANAGEMENT 8ª Avenida (S. João da Madeira) GLA (m 2 ): 27,978 STORES: 127 PARKING PLACES: 1,701 INAUGURATION: September 2007 OWNERS: Sierra Portugal Fund DEVELOPERS: Sonae Sierra AlbufeiraShopping (Albufeira) GLA (m 2 ): 11,577 STORES: 44 PARKING PLACES: 560 INAUGURATION: August 1989 OWNERS: Sierra Portugal Fund (50%) / GREP Fund (50%) DEVELOPERS: Sonae Distribuição AlgarveShopping (Guia, Albufeira) GLA (m 2 ): 42,483 STORES: 132 PARKING PLACES: 2,527 INAUGURATION: April 2001 OWNERS: Sierra Fund DEVELOPERS: Sonae Sierra ArrábidaShopping (Vila Nova de Gaia, Porto) GLA (m 2 ): 60,656 STORES: 192 PARKING PLACES: 3,400 INAUGURATION: October 1996 OWNERS: Sierra Portugal Fund (50%) / Sonae Sierra (50%) DEVELOPERS: Amorim / Moya Sonae Sierra Press Kit Release date: January 30, 2013 P 8/23 PORTUGAL OWNERSHIP & MANAGEMENT CascaiShopping (Cascais, Lisboa) GLA (m 2 ): 73,773 STORES: 203 PARKING PLACES: 3,855 INAUGURATION: May 1991 and September 2003 (Expansion) OWNERS: Sierra Fund (50%) / Transeuropean II (25%) / Pan European (25%) DEVELOPERS: Sonae Sierra / Multiplan CC Continente de Portimão (Portimão) GLA (m 2 ): 13,538 STORES: 59 PARKING PLACES: 769 INAUGURATION: August 1990 OWNERS: Sierra Portugal Fund (50%) / GREP Fund (50%) DEVELOPERS: Sonae Distribuição Centro Colombo (Lisboa) GLA (m 2 ): 111,517 STORES: 376 PARKING PLACES: 6,326 INAUGURATION: September 1997 OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%) DEVELOPERS: Sonae Sierra Centro Vasco da Gama (Lisboa) GLA (m 2 ): 48,945 STORES: 170 PARKING PLACES: 2,523 INAUGURATION: April 1999 OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%) DEVELOPERS: Sonae Sierra / ING Real Estate Sonae Sierra Press Kit Release date: January 30, 2013 P 9/23 PORTUGAL OWNERSHIP & MANAGEMENT CoimbraShopping (Coimbra) GLA (m 2 ): 26,491 STORES: 64 PARKING PLACES: 1,173 INAUGURATION: October 1993 OWNERS: Sierra Fund DEVELOPERS: Sonae Sierra Estação Viana Shopping (Viana do Castelo) GLA (m 2 ): 19,182 STORES: 101 PARKING PLACES: 600 INAUGURATION: November 2003 OWNERS: Sierra Fund DEVELOPERS: Sonae Sierra / Estação Shopping GaiaShopping (Vila Nova de Gaia, Porto) GLA (m 2 ): 59,672 STORES: 161 PARKING PLACES: 2,904 INAUGURATION: October 1995 OWNERS: Sierra Portugal Fund (50%) / Sonae Sierra (50%) DEVELOPERS: Sonae Sierra GuimarãeShopping (Guimarães) GLA (m 2 ): 30,743 STORES: 113 PARKING PLACES: 1800 INAUGURATION: February 1995 and October 2009 (expansion) OWNERS: Sierra Fund DEVELOPERS: Sonae Sierra Sonae Sierra Press Kit Release date: January 30, 2013 P 10/23 PORTUGAL OWNERSHIP & MANAGEMENT LeiriaShopping (Leiria) GLA (m 2 ): 43,919 STORES: 119 PARKING PLACES: 1,887 INAUGURATION: March 2010 OWNERS: Sonae Sierra DEVELOPERS: Sonae Sierra LoureShopping (Loures) GLA (m 2 ): 38,892 STORES: 121 PARKING PLACES: 2,100 INAUGURATION: October 2005 OWNERS: Sierra Portugal Fund (50%) / Deka (50%) DEVELOPERS: Sonae Sierra MadeiraShopping (Funchal, Madeira) GLA (m 2 ): 26,775 STORES: 105 PARKING PLACES: 1,033 INAUGURATION: March 2001 OWNERS: Sierra Fund (50%) / Estevão Neves (50%) DEVELOPERS: Sonae Sierra MaiaShopping (Maia, Porto) GLA (m 2 ): 28,906 STORES: 102 PARKING PLACES: 2,220 INAUGURATION: November 1997 OWNERS: Sierra Fund DEVELOPERS: Sonae Sierra [...]... OWNERS: Sonae Sierra DEVELOPERS: Sonae Sierra Le Terrazze (La Spezia) 2 GLA (m ): 38,455 STORES: 102 OWNERS: Sonae Sierra (50%) / ING Real Estate Development (50%) DEVELOPERS: Sonae Sierra / ING Real Estate Development Sonae Sierra Press Kit Release date: January 30, 2013 P 16/23 ITALY OWNERSHIP & MANAGEMENT Valecenter (Marcon, Venice) 2 GLA (m ): 59,839 STORES: 130 PARKING PLACES: 2,632 INAUGURATION:... PARKING PLACES: n.a OWNERS: Sonae Sierra INAUGURATION: To be defined INVESTMENT: under Revision DEVELOPERS: Sonae Sierra Star Dome (Athens) 2 GLA (m ): 38,500 STORES: 180 PARKING PLACES: 1,500 OWNERS: Sonae Sierra (50%) / Charagionis Group (50%) INAUGURATION: To be defined INVESTMENT: under Revision DEVELOPERS: Sonae Sierra / Charagionis Group Sonae Sierra Press Kit Release date: January 30, 2013 P 19/23... 110 OWNERS: Sonae Sierra PARKING PLACES: 1,400 INAUGURATION: To be defined INVESTMENT: under revision DEVELOPERS: Sonae Sierra Sonae Sierra Press Kit Release date: January 30, 2013 P 18/23 GREECE OWNERSHIP & MANAGEMENT Pantheon Plaza (Larissa) 2 GLA (m ): 21,058 STORES: 108 PARKING PLACES: 1,600 INAUGURATION: October 2008 OWNERS: Sonae Sierra (50%) / Rockspring (50%) DEVELOPERS: Sonae Sierra/ Rockspring... 46,800 STORES: 231 PARKING PLACES: 2,700 INAUGURATION: April, 2009 OWNERS: Sonae Sierra Brasil DEVELOPERS: Sonae Sierra Brasil Parque D.Pedro Shopping (Campinas, SP) 2 GLA (m ): 121,000 STORES: 401 PARKING PLACES: 8,000 INAUGURATION: March, 2002 OWNERS: Sonae Sierra Brasil DEVELOPERS: Sonae Sierra Brasil / Enplanta Engenharia Sonae Sierra Press Kit Release date: January 30, 2013 P 21/23 BRAZIL OWNERSHIP... 2,152 INAUGURATION: March 2006 OWNERS: Sierra Portugal Fund (50%) / Pan European (50%) DEVELOPERS: Sonae Sierra SerraShopping (Covilhã) 2 GLA (m ): 17,678 STORES: 80 PARKING PLACES: 900 INAUGURATION: November 2005 OWNERS: Sierra Portugal Fund (50%) / Pan European (50%) DEVELOPERS: Sonae Sierra Sonae Sierra Press Kit Release date: January 30, 2013 P 11/23 PORTUGAL OWNERSHIP & MANAGEMENT ViaCatarina (Porto)... PARKING PLACES: 578 INAUGURATION: September 1996 OWNERS: Sierra Fund (50%) / CBRE Global Investors (50%) DEVELOPERS: Sonae Sierra PORTUGAL UNDER DEVELOPMENT Centro Bordalo (Caldas da Rainha) 2 GLA (m ): 24,000 STORES: 95 OWNERS: Sonae Sierra PARKING PLACES: 1,100 INAUGURATION: To be defined INVESTMENT: under Revision DEVELOPERS: Sonae Sierra Sonae Sierra Press Kit Release date: January 30, 2013 P 12/23... OWNERS: Sonae Sierra / DDR / Marco Zero / Enplanta INAUGURATION: 2013 INVESTMENT: 88 Euro Million DEVELOPERS: Sonae Sierra / DDR / Marco Zero / Enplanta Passeio das Águas Shopping (Goiânia, GO) 2 GLA (m ): 78,100 STORES: 277 PARKING PLACES: 4,000 OWNERS: Sonae Sierra / DDR / Enplanta INAUGURATION: 2nd semester 2013 INVESTMENT: 167 Euro Million DEVELOPERS: Sonae Sierra / DDR / Enplanta Sonae Sierra Press... STORES: 221 PARKING PLACES: 1,474 INAUGURATION: April, 1994 OWNERS: Sonae Sierra Brasil (60%) / Local Partners (40%) DEVELOPERS: Local Partners Uberlândia Shopping (Uberlândia, MG) 2 GLA (m ): 45,300 STORES: 218 PARKING PLACES: 2,400 INAUGURATION: March, 2012 OWNERS: Sonae Sierra / DDR / Enplanta DEVELOPERS: Sonae Sierra / DDR / Enplanta Sonae Sierra Press Kit Release date: January 30, 2013 P 22/23 BRAZIL... Sierra (50%)/ Caelum Development (50%) INAUGURATION: To be defined INVESTMENT: 185 Euro Millions DEVELOPERS: Sonae Sierra / Caelum Development Ploiesti Shopping (Ploiesti) 2 GLA (m ): 64,000 STORES: n.a OWNERS: Sonae Sierra PARKING PLACES: 3,200 INAUGURATION: To be defined INVESTMENT: under revision DEVELOPERS: Sonae Sierra Sonae Sierra Press Kit Release date: January 30, 2013 P 20/23 BRAZIL OWNERSHIP... OWNERS: Sierra Fund DEVELOPERS: n.a Sonae Sierra Press Kit Release date: January 30, 2013 P 17/23 GERMANY OWNERSHIP & MANAGEMENT Alexa (Berlin) 2 GLA (m ): 56,559 STORES: 185 PARKING PLACES: 1,600 INAUGURATION: September 2007 OWNERS: Sonae Sierra (9%) / Union Investment (91%) DEVELOPERS: Sonae Sierra / Foncière Euris Loop5 (Weiterstadt) 2 GLA (m ): 56,242 STORES: 177 PARKING PLACES: 3,000 INAUGURATION: . pipeline. Sonae Sierra Press Kit Release date: January 30, 2013 P 4/23 CORPORATE RESPONSIBILITY AT SONAE SIERRA FOR SONAE SIERRA, THE SUSTAINABLE. Release date: January 30, 2013 CONTENTS WHO WE ARE CORPORATE RESPONSIBILITY AT SONAE SIERRA SIERRA FUNDS INDICATORS OUR SHOPPING