2020
Universal Registration Document
INCLUDING THE ANNUAL
FINANCIAL REPORT
1
Group overview | 3 | |
Chairman's message | 4 | |
Klépierre in figures | 6 | |
History of the Group | 8 | |
Business environment | 10 | |
Vision | 12 | |
Strategy | 14 | |
Typical Klépierre mall | 20 | |
Retail First® | 22 | |
Let's Play® | 24 | |
ClubStore® | 26 | |
Act for Good® | 28 | |
Leadership widely recognized by outside | ||
stakeholders | 29 | |
Financial discipline | 30 | |
Business model | 32 | |
Key outcomes | 34 | |
2 | ||
Risk management | 37 | |
2.1 | Objectives | 38 |
2.2 | Main risk factors | 38 |
2.3 Internal control and risk
management framework | 51 | |
3 | ||
Business of the year | 59 | |
3.1 | Mitigating Covid-19 | 60 |
3.2 | Business overview | 61 |
3.3 | Business activity by region | 67 |
3.4 | Net current cash flow | 72 |
3.5 Investments, developments, and disposals 74
3.6 | Parent company earnings and dividend | 76 |
3.7 | Portfolio valuation | 77 |
3.8 | Financing policy | 82 |
3.9 | EPRA performance indicators | 86 |
3.10 | Outlook | 92 |
4 | ||
Financial statements | 95 | |
4.1 | Consolidated financial statements | 96 |
4.2 | Statutory auditors' report on the | |
consolidated financial statements | 157 |
4.3 Company financial statements for
the year ended December 31, 2020 | 161 | |
4.4 | Statutory auditors' report on the | |
financial statements | 184 | |
4.5 | Report of the Supervisory Board | |
to the annual general meeting | ||
to be held on June 17, 2021 | 188 | |
4.6 | Other information | 188 |
5
Sustainable development | 191 |
5.1 Klépierre's sustainability strategy,
governance and main achievements | 192 | |
5.2 | Act for the planet | 203 |
5.3 | Act for territories | 218 |
5.4 | Act for people | 225 |
5.5 | Summary of performance | |
against long‑term commitments, | ||
methodology and concordance tables | 242 |
6
Supervisory Board's report
on corporate governance | 255 |
6.1 Oversight and management of the
Company | 257 | |
6.2 | Compensation of corporate officers | 282 |
7 | ||
Share capital, | ||
share ownership and treasury | ||
share buyback program | 311 | |
7.1 | Share capital and share ownership | 312 |
7.2 Description of the treasury share
buyback program | 328 | |
8 | ||
Additional information | 331 | |
8.1 | General information | 332 |
8.2 | Documents on display | 333 |
8.3 Statement by the person responsible for the Universal Registration Document, which serves as the
annual financial report | 333 |
8.4 Persons responsible for the statutory
audit and the financial information | 334 |
- Property portfolio as of December 31, 2020335
- Simplified organization chart as of
December 31, 2020 | 341 | |
8.7 | Shares | 342 |
8.8 | Cross-reference tables | 343 |
READ THE DIGITAL VERSION
OF THE UNIVERSAL
REGISTRATION DOCUMENT ON KLEPIERRE'S WEBSITE
WWW.KLEPIERRE.COM
Universal
Registration Document 2020
including the annual financial report
This Universal Registration Document was filed on March 31, 2021 with the AMF, as competent authority under Regulation (EU) 2017/1129, without prior approval pursuant to Article 9 of said regulation. This is a translation into English of the Universal Registration Document of the Company issued in French. The universal registration document may be used for the purposes of an offer to the public of securities or admission of securities to trading on a regulated market if supplemented by a securities note and, if applicable, a summary and any amendments to the universal registration document. The whole document is approved by the AMF in accordance with Regulation (EU) 2017/1129. This Universal Registration Document is available on Klépierre's website, www.klepierre.com and on the website of the AMF, www. amf-france.org.
1
2 KLÉPIERRE - 2020 UNIVERSAL REGISTRATION DOCUMENT
GROUP OVERVIEW | 1 |
Market environment, business model and strategic vision |
Group
overview
Chairman's message | 4 |
Klépierre in figures | 6 |
History of the Group | 8 |
Business environment | 10 |
Vision | 12 |
Strategy | 14 |
Typical Klépierre mall | 20 |
Retail First® | 22 | |
Let's Play® | 24 | |
ClubStore® | 26 | |
Act for Good® | 28 | |
Leadership widely recognized by external stakeholders | 29 | |
Financial discipline | 30 | |
Business model | 32 | |
Key outcomes | 34 | |
KLÉPIERRE - 2020 UNIVERSAL REGISTRATION DOCUMENT | 3 |
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Klépierre SA published this content on 07 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 April 2021 05:55:06 UTC.