Corporate Governance Roadshow
November 2021
Agenda
1. | Vonovia pages 2-6 |
November 2021 | 2 |
History of Vonovia
We Have Built a Responsible European Leader
2018
2020
Climate path for CO2 neutrality by 2050
Late 19th century
Until 1980s
Social housing in not- for-profit regime
The commercialization of Germany's housing market came in the wake of the "Neue Heimat" scandal in the
1980s (bankruptcy of more than 250k union- owned apartments).
~2000 until
2013
Private equity domination
Predominantly Anglo- Saxon private equity funds bought hundreds of thousands of apartments from public and corporate owners.
Push towards more professionalization but also short-term orientation.
2013 until | |
2018 | |
IPO in 2013 | Consolidation phase in |
the German | |
residential market | |
Profession- | |
alization of the | |
business |
Proactive Portfolio management: €3bn invested in portfolio modernization.
Acquisition and integration of more than 300k apartments. Disposal of almost 90k mostly non-core apartments. Scalability & industrialization: EBITDA Operations margin of ca. 77% (>15 percentage points since IPO).
Opportunistic expansion into selected European metropolitan areas
While Germany is expected to remain the dominant market in our portfolio also for the foreseeable future we want to build on our knowledge and track record by bringing our strategy and expertise to comparable residential markets outside of Germany.
Vonovia is one of the first real estate companies to commit to a binding climate path for CO2 neutrality by 2050. This will be achieved through a combination of continued modernization investments, fuel switch, and sector coupling to replace fossil fuels with renewable energy in our portfolio - generating, storing, and using green energy locally.
Nov 2021 | Corporate Governance Roadshow | 3 |
Europe's Leading Residential Property
Owner and Operator
We are the long-term owner and full-scale operator of Europe's largest listed multifamily housing portfolio with ca. 568k apartments1 for small and medium incomes in metropolitan growth areas.
508k
apartments in 15 urban
growth regions1
Geographic split (by number of units)
4%
7%
Fair Value
€90bn1,2
89%
38k
apartments in
Stockholm, Gothenburg,
and Malmö
2.6% stake in portfolio with 27k apartments Focus: Randstad (greater Amsterdam)
22k
apartments
mainly in Vienna
Germany Sweden Austria
The small stakes we own in the Dutch and in the French portfolios are less of a financial investment and more R&D to gain an even better understanding of the markets.
1 Incl. ca. 15k units to be sold to the City of Berlin. 2 Fair value of the developed land excluding €5,854.1m, of which €652.3m for undeveloped land and inheritable building rights granted, €833.6m for assets under construction, €923.8m for development, €1,261.0 for nursing portfolio, €396.8m IFRS effect and €1,786.6m other.
10% stake in portfolio with 4k apartments
Focus: Île de France (greater Paris)
Nov 2021 | Corporate Governance Roadshow | 4 |
Serving a Fundamental Need in a Highly Relevant Market
Our Business Is Deeply Rooted in ESG
All of our actions have more than just an economic dimension and require adequate stakeholder reconciliation.
- We provide a home to more than 1 million people from ca. 150 nations.
- CO2 emissions related to housing are one of the largest sources of greenhouse gas emissions.
- As a listed, blue-chip company we are rightfully held to a high standard.
Commitment to | E | S | Responsibility | |
climate protection | G | for customers, society | ||
and CO2 reduction | and employees | |||
Reliable and transparent
corporate governance
built on trust
Nov 2021 | Corporate Governance Roadshow | 5 |
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Vonovia SE published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 11:40:02 UTC.