CBRE : Q2 2019 Webcast Slides (opens in new window)
August 01, 2019 at 12:00 pm EDT
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CBRE GROUP, INC.
Second Quarter 2019: Earnings Conference Call
AUGUST 1, 2019
FORWARD-LOOKING STATEMENTS
This presentation contains statements that are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding CBRE's future growth momentum, operations, market share, business outlook, capital deployment, acquisition integration and financial performance expectations. These statements are estimates only and actual results may ultimately differ from them. Except to the extent required by applicable securities laws, we undertake no obligation to update or publicly revise any of the forward-looking statements that you may hear today. Please refer to our second quarter earnings release, furnished on Form 8-K and our most recent annual report filed on Form 10-K and our most recent quarterly report filed on Form 10-Q, and in particular any discussion of risk factors or forward-looking statements therein, which are available on the SEC's website (www.sec.gov), for a full discussion of the risks and other factors that may impact any forward-looking statements that you may hear today. We may make certain statements during the course of this presentation, which include references to "non-GAAP financial measures," as defined by SEC regulations. Where required by these regulations, we have provided reconciliations of these measures to what we believe are the most directly comparable GAAP measures, which are attached hereto within the appendix.
CONFERENCE CALL PARTICIPANTS
Bob Sulentic
President and Chief Executive Officer
Leah Stearns
Chief Financial Officer
Brad Burke
SVP, Corporate Finance & Investor Relations
2Q 2019 FINANCIAL RESULTS
$ in millions except per share figures
RevenueFee Revenue1
Adj. EBITDA2
EPS3
Adj. EPS3,4
2Q19
2Q18
5,714 5,111
2,849 2,536
468 439
$0.66 $0.67 ▼-1% ◄►0%
$0.81 $0.74
USD
▲ 12%
▲ 12%
▲ 7%
▲ 11%
Local Currency
▲ 15%
▲ 15%
▲ 8%
▲ 13%
• Double-digit revenue growth in leasing, outsourcing and U.S. capital markets - Leasing benefiting from healthy market conditions and CBRE's increasingly differentiated capabilities
• Margin improvement in Advisory Services and GWS benefiting from reorganization
• REI segment Adj. EBITDA and margin decline was expected; mostly due to development timing
See slide 21 for footnotes.
ADVISORY SERVICES
$ in millions
Fee Revenue1
2Q18
See Slide 13 for revenue detailed by line of business. See slide 21 for footnotes.
2Q19
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CBRE Group Inc. published this content on 01 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2019 15:59:05 UTC
CBRE Group, Inc. est spécialisé dans les prestations de conseil en immobilier d'entreprise. L'activité du groupe s'organise autour de 2 pôles :
- gestion des investissements : gestion des transactions et des projets, évaluation et valorisation, crédit-bail immobilier, conseil stratégique à destination des fonds de pension, des assurances, des investisseurs institutionnels, etc. A fin 2023, le groupe compte 149.5 MdsUSD d'actifs sous gestion ;
- développement et gestion d'actifs immobiliers : immeubles industriels, commerciaux et de bureaux, établissements de santé, aéroports, etc.
CBRE GROUP, INC. 
