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: Corporate Overview
Business Review Day Corporate Overview Brett White President and Chief Executive Officer Ken Kay Chief Financial Officer May 18, 2007 Exhibit 99.1
Slide 2: Forward Looking Statements
CB Richard Ellis | This presentation contains statements that are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our growth momentum in 2007, future operations and future financial performance. These statements should be con
Slide 3: CBRE
CBRE CB RICHARD ELLIS
Slide 4: Leading Global Brand, Broad Capabilities, Scale, Diversity and Earnings Power
Leading Global Brand Broad Capabilities Scale, Diversity and Earnings Power CB Richard Ellis | (1) As of 3/31/2007. (2) Combined Revenue includes $764.7 million for TCC for the period April 1, 2006 through December 20, 2006. (3) EBITDA excludes one-time items, including merger-related costs, integra
Slide 5: Global Reach & Local Leadership
2006 Revenue by Region (1) Diversified revenues spread across a broad geographic footprint. Americas 70.3% EMEA 16.7% Asia-Pacific 7.1% CB Richard Ellis | Global Reach & Local Leadership (1) Includes TCC revenue. Development Services 1.4% Global Investment Management 4.5%
Slide 6: #1 Position in a Fragmented Market
U.S. Market Share Top 4 = 20.7% Share The market is large but still highly fragmented and has grown at a 4.3% CAGR from 1996 to 2006. CB Richard Ellis | #1 Position in a Fragmented Market $26 Billion US Commercial Real Estate Services Industry (1) Source: Full year 2006 external public filings and m
Slide 7: Consistent Long Term Growth
CBRE has consistently outpaced industry growth. CB Richard Ellis | Consistent Long Term Growth (1) (1) No reimbursements are included for the period 1992 through 1996 as amounts were immaterial. Reimbursements for 1997 through 2001 have been estimated. For 2002 through TTM Q1 2007 combined, reimburs
Slide 8: Normalized EBITDA Margins
8.4% 9.6% 10.1% 11.3% 14.4% 16.2% 16.3% 20.0% CBRE has consistently improved its EBITDA margin. CB Richard Ellis | Normalized EBITDA Margins (1) 0.0% 5.0% 10.0% 15.0% 20.0% 2001 2002 2003 2004 2005 2006 TTM Q1 2007 Future Combined (1) Normalized EBITDA margins exclude merger-related and other non-re
Slide 9: Debt Highlights
$450.1 $634.5 $128.0 $1,873.6 $1,802.7 $377.7 $486.5 CB Richard Ellis | Debt Highlights ($ in millions) Notes: - Normalized EBITDA excludes merger-related and other non-recurring costs, integration costs related to acquisitions, one-time IPO-related compensation expense and gains/losses on trading s
Slide 10: Q1 2007 TTM Combined Normalized Internal Cash Flow
CB Richard Ellis | (1) Represents capital expenditures, net of concessions. Q1 2007 TTM Combined Normalized Internal Cash Flow Strong cash flow generator Low capital intensity Utilization of internal cash flow • Debt reduction • Co-investment activities • Development • In-fill acquisitions - ($ mill
Slide 11: CBRE
CBRE CB RICHARD ELLIS
Slide 12: CBRE
CBRE CB RICHARD ELLIS
Slide 13: Reconciliation of Normalized EBITDA to EBITDA to Net Income (Loss)
CB Richard Ellis | Appendix Reconciliation of Normalized EBITDA to EBITDA to Net Income (Loss) ($ in millions) Q1 2007 TTM 2006 2005 2004 2003 2002 Normalized EBITDA 730.4 652.5 461.3 300.3 183.2 130.7 Less: Merger-related and other non-recurring charges 31.8 - - 25.6 36.8 - Loss(Gain) on trading se
Slide 14: Reconciliation of Net Income to Net Income, As Adjusted
TTM 1st Quarter 2007 Results CB Richard Ellis | Appendix Reconciliation of Net Income to Net Income, As Adjusted - (a) Amortization expense related to net revenue backlog, incentive fees and customer relationships acquired (1) (b) Integration costs related to acquisitions (1) (c) Loss on trading sec