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Download Presentation EN Vonovia Company Presentation. Vonovia Company Presentation October 18, 2017 Agenda 1 Who we are. Vonovia Company Presentation October 18, 2017 Page 2 Vonovia. Germanys Leading Residential Real Estate Company. Management of 353,000 apartments in our possession. 1 million tenants nationwide. 13.5 years average tenure. Average size of apartment ~61m². 8,300 employees (including 600 gardeners and 4,300 craftsmen), 420 trainees. High degree of customer orientation through combination of central management and on-site presence. Innovative services generate affordable added value for the customers. Market leadership with nationwide representation. Vonovia Company Presentation October 18, 2017 Page 3 as at June 30, 2017 Our Mission. The task we‘re working on. Vonovia Company Presentation October 18, 2017 Page 4 Our Vision, Our Values. The framework of our actions. Our Vision Our Values Vonovia Company Presentation October 18, 2017 Page 5 Our Advantage. Economic Strength. Listed since 2013. Market capitalization of €16bn.* No. 1 in German industry rankings. No. 2 in Europe. Use of a broad, innovative range of financing structures consisting of equity and external/bonded components. Extensive development potential for the future. September 2015:Admission to DAX 30 Vonovia Company Presentation October 18, 2017 Page 6 as at June 30, 2017 Our History. More Than 160 Years in the Real Estate Industry. 1848 to 2001 up until 2012 2012 to 2014 since 2015 Further expansion Merger with GAGFAH. Going public Company renamed Vonovia. IPO in July 2013. Upgrade into DAX 30. Growth and consolidation Inclusion in MDAX. Focus on reputation and Further growth through customer satisfaction Since 2008: Housing with a long acquisitions. as basis of our Consolidation and (debt) tradition corporate strategy. restructuring. Strengthening of customer orientation Implementation of a Rooted in non-profit Expansion into and expansion of value-add business housing construction. Germany’s leading real services. segment and expanding estate company. customer services. Preceeding companies Development of a include Raab Karcher, Establishment of our corporate mission Increase of Veba Immobilien, RWE own craftsmen’s statement. investments. Werkswohnungen, organization. Neighborhood Viterra. development and densification of existing developments. Vonovia Company Presentation October 18, 2017 Page 7 Our Path. Many Companies Become One. RWE Werks- DeWAG- Heimbau AG wohnungen Portfolio conwert Deutsche Vitus- EWG Viterra AG Annington Portfolio 210 ~360 NILEG WoBa … GAGFAH 140 GAGFAH No. of units (in SÜDEWO thou.) 2000 2017 Vonovia Company Presentation October 18, 2017 Page 8 Our Portfolio. On Location Across the Nation. The vast majority of our apartments is located in approx. 353,000 apartments Germany‘s magnet areas. Vonovia locations Cities with above- average population growth (‚Schwarmstädte‘)* * according to a study by GdW and empirica Vonovia Company Presentation October 18, 2017 Page 9 as at June 30, 2017 Key Figures for Annual Performance in 2016. 2016 was an extremely successful business year. FFO 1 in € million 1 EPRA NAV in € million 1 760.8 608.0 + 25% + 22% 17,047.1 13,988.2 2015 2016 Dec. 31, 2015 Dec. 31, 2016 FFO 1 = EBITDA adjusted after interest and taxes NAV = real estate assets without liabilities (simplified) Monthly in-place rent (like for like) in €/m² Vacancy rate in % + 1.8% - 0,3 percentage points 5.82 Upgrading 6.01 2.7 + 1.5% 2.4 Increasing rents Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2015 Dec. 31, 2016 Vonovia Company Presentation October 18, 2017 Page 10 Key Figures for the First Half-Year 2017. Figures continuously improving. FFO 1 in € million 1 EPRA NAV in € million 1 18,702.8 + 18 % 17,047.1 + 7 % 457.7 387.8 H1 2016 H 1 2017 Dec. 31, 2016 June 30, 2017 FFO 1 = EBITDA adjusted after interest and taxes NAV = real estate assets without liabilities (simplified) Monthly in-place rent (like for like) in €/m² Vacancy rate in % +0,1 ppt 5.89 6.12 2.8 2.9 June 30 2016 June 30 2017 June 30 2016 June 30 2017 Vonovia Company Presentation October 18, 2017 Page 11 The Management Board. Rolf Buch Klaus Freiberg Dr. A. Stefan Kirsten Gerald Klinck CEO COO CFO CCO Born in 1965 Born in 1962 Born in 1961 Born in 1969 Academic career: Academic career: History, Academic career: Academic career: Mechanical engineering, social sciences, economics Business management, IT Business management business management Previous positions: Previous positions: Previous positions: Previous positions: Management positions CFO at Metro Cash & CFO GAGFAH, Member of Member of the at Arvato Carry, the management of Management Board at CFO at ThyssenKrupp Deutsche Wohnen Bertelsmann, Chairman of the Management Board at Arvato Vonovia Company Presentation October 18, 2017 Page 12 Agenda. 2 What we do. Vonovia Company Presentation October 18, 2017 Page 13 Our Strategy. Reputation and Customer Satisfaction Form a Solid Basis. Prerequisites: Reputation & customer satisfaction Improving operating key figures through efficient administration 1 Property management Ongoing investment and above-average maintenance Traditional Optimizing financing costs through 2 internationally competitive financing Financing 5 Acquisition structure Added value through active portfolio Continual review and management (tactical acquisitions, integration of suitable 3 Portfolio management sales) portfolios into the existing portfolio Ongoing investment Increasing customer satisfaction by offering additional housing-related Progressive 4 Value-Add Business services Optimum control of processes and costs Vonovia Company Presentation October 18, 2017 Page 14 Our Quality Standards. High Investment Volume. Investments of €792.4m in 2016 Investment volume in € million for modernization and maintenance. 36 €/m² Focus on energy savings, improvement of housing standard 33 €/m² 472.3 Maintenance and prioritizing senior-friendly 355.6 conversions. Modernization, 330.7 320.1 new construction, extra stories Increased significance of modernization at the tenants’ requests, neighborhood development and densification of existing developments. 2015 2016 Vonovia Company Presentation October 18, 2017 Page 15 Our Craftsmen. Insourcing for More Customer Satisfaction. Approximately 4,300* employees in our craftsmen’s organization responsible for maintenance, repairs and modernizations – on location all across Germany. More craftsmen than any other service provider in the real estate sector. Highest spending of the industry on maintenance. Standardized and innovative processes ensure reliable implementation. Tapping into new areas of activity such as ‘serial construction’. Vonovia Company Presentation October 18, 2017 Page 16 *as at June 30, 2017 Our Claim to Innovation. New Services for Affordable and Better Housing Conditions. digit. Energy-efficient Access building upgrades Burglary protection Parking Power Garden- generation ing E-mobility Apartment Kitchen modernization Smart Industrialized Home Bathroom construction moderni- Parcel station Heating zation Condominium Sub- moderni- administration Metering zation service Multi- Long-term media Craftsmen’s Energy care services Insur- Marketing ance In the implementation phase New business In the preparatory/assessment phase Vonovia Company Presentation October 18, 2017 Page 17 Our Responsibility. Driving Change Through Dialogue and Impetus. In constructive dialogue with tenants' associations and decision-makers of the housing industry. Active membership in the major industry associations at Group and regional level. Continuous dialogue with representatives of the federal government, federal states and municipalities. Implementation and promotion of holistic neighborhood development projects. From left to right: CEO Rolf Buch, Federal Minister for the Environment Barbara Hendricks, President of the German Bundestag Dr. Norbert Lammert, Lord Mayor of the City of Bochum Thomas Eiskirch Vonovia Company Presentation October 18, 2017 Page 18 Our Neighborhoods. New Projects initiated. Multiplying the experiences of the Eltingviertel/Essen Hamburg Berlin Bielefeld Dortmund Essen Dresden Frankfurt München Vonovia Company Presentation October 18, 2017 Page 19 Our Contribution to the Solution. New Apartments for Metropolitan Areas. NewNeubau construction/Densification Serial (modular) construction to reduce costs Easily adapted to varied needs. Using a unique concept and prefabrication to control costs. Reduced construction costs. Short construction periods. Vertical expansion Conservation of resources during construction. Easy maintenance. Response to skills shortage. Vonovia Company Presentation October 18, 2017 Page 20 Our Future. New Investment Program issued. Investment in € million 1,000 for new housing for improvement of portfolio quality and neighborhood 700 1 ~ 730 ~ development - 7 730 1 5 0 Forecast medium-term 1 part of investment program in the amount of €1bn, planning p.a. dependent on planning permission Vonovia Company Presentation October 18, 2017 Page 21 Contact. Vonovia SE Philippstrasse 3 44803 Bochum, Germany Tel.: +49 234 / 314- 0 www.vonovia.de Registered office: Düsseldorf HRB 68115, Düsseldorf Local Court Management Board: Rolf Buch (CEO), Klaus Freiberg, Dr. A. Stefan Kirsten, Gerald Klinck Chairman of the Supervisory Board: Prof. Dr. Edgar Ernst Vonovia Company Presentation October 18, 2017 Page 22 Disclaimer. Statement of Confidentiality This presentation has been prepared by Vonovia SE and/or its subsidiaries (collectively referred to as ‘Vonovia’) for
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