Cbre Group Inc · NYSE:CBRE
Cbre — CB Richard Ellis Group — Investor Day (May 2007)
14 slides from Cbre's investor day presentation, May 18, 2007
Slide 1: Business Review Day: Development Services
Business Review Day Development Services Jim Groch Chief Investment Officer Trammell Crow Company May 18, 2007 Exhibit 99.5
Slide 2: Business Overview
Business Overview What do we do? • We develop real estate • We acquire real estate often described as: » “Under-valued” » “In need of re-development” Who are our customers? • Investors in real estate • Users of real estate
Slide 3: Unparalleled National Platform
Unparalleled National Platform Powerful Brand (60 Years) Offices in 28 U.S. Cities, Canada & India Diverse Product Expertise Efficient Capital Programs
Slide 4: Property Types
Office | Industrial | Retail | Healthcare Airports | Residential | Mixed Use | Student Housing Property Types
Slide 5: Experience?
Experience? How much have we done? Over $50 Billion Developed Over 500,000,000 Square Feet #1 in “Under Development” in latest CPN Survey
Slide 6: Synergy between TCC and CBRE
Synergy between TCC and CBRE TCC builds/buys a large volume of buildings that • Need to be leased • Need to be managed • Need to be appraised • Need to be sold CBRE provides a great platform for TCC: • Research, referrals, infrastructure, capabilities…
Slide 7: CBRE
CBRE CB RICHARD ELLIS
Slide 8: Projects In Process/Pipeline
$5.0 $4.9 $3.6 $2.8 $2.6 $3.6 $5.4 Projects In Process/Pipeline $2.0 $2.3 $1.4 $1.5 $2.5 $2.7 $3.0 2000 2001 2002 2003 2004 2005 2006 ($ in millions) In-Process Pipeline
Slide 9: Real Estate Investment/Exposure 2001—2006
$78.0 $67.2 $84.7 $66.4 $124.3 $174.7 Real Estate Investment/Exposure 2001—2006 $52.0 $24.0 $12.4 $41.2 $22.3 $23.6 2001 2002 2003 2004 2005 2006 ($ in millions) Equity in RE Recourse Debt & Guarantees
Slide 10: Deals In Process By Product Type
Deals “In Process” (1) By Product Type Total Project Budgets—$5,500 (in millions) Notes: (1) As of March 31, 2007 (2) Initiatives include Healthcare, Residential/Mixed-Use, Acquisitions, Student Housing and On-Airport Distribution Initiatives (2) $2,159 58 Deals Industrial $976 44 Deals Office $1,66
Slide 11: Capital Programs
Capital Programs Industrial Venture (J.V. w/ING) Medical Office Building Fund (J.V. w/State Pension) Retail Venture (J.V. w/Met Life) Discretionary Acquisition Funds (Opportunity) Airport Distribution Venture (Sub of Industrial J.V.) Office Development Programs (PFG & ING) Student Housing Venture
Slide 12: Office Development Programs
Office Development Programs Targeting $2B in Incremental Class “A” Office Development • Two Programs: – Principal Financial Group – ING-Clarion • $1 Billion / 5 Year Investment Target for each Current Office Development Activity in Programs • Projects Committed to New Office Programs Total Over $620
Slide 13: Office Development: CBRE Opportunity
Office Development: CBRE Opportunity Acquisition/Development Costs: $2,000,000,000 Leasing Commissions $60,000,000 Property Management Fees: $37,500,000 Investment Sales: $36,000,000 CBRE Service Fees: $133,500,000
Slide 14: Summary
Summary Significant Synergies between CBRE and TCC Recourse Debt Less Than 1% of “In Process” New Capital Programs Supporting Continued Growth in Risk Mitigated Structures Total Projects “In-Process” and in the “Pipeline” are Strong Indicators of Future Growth