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Company Profile
IGD SIIQ Spa listed on the star segment of the Italian Stock Exchange, the
first SIIQ (Società di investimento immobiliare quotata or Real Estate
Investment Trust) in Italy.Igd SIIQ is one of the main players in the retail
segment of the Italian real estate sector focusing on medium/large
shopping centres made up of hypermarkets/superstores (with a surface
area averaging 4,500-10,0000 sm and 3,000-4,500 respectively) and
shopping malls (60/70 shops each on average). The Italian retail real
estate sector is probably one of the most attractive in Europe and shows
further upside potential compared to the other European countries. Since
hypermarket operators are important developers in the Italian market, the
investment activity relies partly on strategic partnership between largescale retailers and real estate companies. Consequently, Igd's privileged
relationship with the Coop, the largest food retailer in Italy, is a significant
competitive advantage. The system Coop is composed by 7 Coops, of
which Coop Alleanza 3.0 and Unicoop Tirreno are Igd's main
shareholders. Igd's core business is to hold and manage shopping
centres (Property Management activity), but it also provides real estate
services (Facility Management and Agency activity) to both owned and
third parties centres. Igd's portfolio, as at 30 June 2016, includes 21
shopping malls and retail parks, 25 hypermarkets and supermarkets, 1 city
center, 2 plots of land for development, 1 asset held for trading and 6
additional real estate properties. From april 2008 Igd adds to its portfolio
14 malls and a building with offices in Romania. Igd's freehold properties
market value amounts Euro 2.09 billion at 30 June 2016.
BOARD MEMBERS
C.C.I.(1)
C.R.(2)
C.N.(3)
Executive
Non executive
Independent
CORPORATE GOVERNANCE * (CG)
Gilberto Coffari
Chairman
Leonardo Caporioni
Director
Fernando Pellegrini
Director
Aristide Canosani
Director
BOARD MEMBERS
OWNERSHIP
COMPANY
Specialist broker
ISIN
IGD - Immobiliare
Grande Distribuzione
Intermonte
BLOOMBERG
IGD IM
REUTERS
IGD.MI
Via Agro Pontino, 13
48100 Ravenna
Auditing company *
Andrea Parenti
100,000 shares on 12/31/15
Gilberto Coffari
84,434 shares on 6/30/16
Elisabetta Gualandri
7,000 shares on 12/31/15
Super sector
REAL ESTATE
Investor relations *
Market Segment
STAR
Claudia Contarini
E-mail:[email protected]
Tel.:051 509213 - Fax:051 509247
Long term rating *
Moody's: (P)Baa3
KEY FIGURES *
€m
Total Sales
Ebitda
Ebitda margin
Ebit
Ebit Margin
Ebt
Ebt margin
Net Result
E-Margin
First-Half Results
30/06/16
30/06/15
68.13
63.34
46.43
41.25
68.14%
65.13%
46.13
40.15
67.71%
63.38%
26.31
19.62
38.61%
30.97%
26.51
20.41
38.91%
32.22%
Var %
'16 vs '15
7.56%
12.54%
Net Financial Debt / (Cash)
Net Equity
Capital Employed
First-Half Results
30/06/16
30/06/15
1,009.48
937.90
1,023.82
947.74
2,033.31
1,885.64
Var %
'16 vs '15
7.63%
8.03%
7.83%
Claudio Albertini
150,000 shares on 6/30/16
Industry
FINANCIALS
PriceWaterhouseCoopers
www.pwc.com
Tel.: +39 051 509111
Fax: +39 051 509247
http://www.gruppoigd.it
IT0003745889
Annual Results
31/12/15
31/12/14
128.52
122.41
84.37
78.81
65.65%
64.39%
84.23
54.17
65.54%
44.26%
44.89
9.37
34.93%
7.65%
45.64
7.30
35.51%
5.96%
14.90%
34.10%
29.88%
Annual Results
31/12/15
31/12/14
984.82
942.10
1,032.20
960.82
2,017.02
1,902.91
Source: company data. The year-end closing is at December, 31. Values are expressed in Million Euro.All results are IAS/IFRS compliant. Revenues for costs born for tenants are
not included in turnover. The net profit for the period indicated refers to the Parent Company.
Claudio Albertini
CEO
Andrea Parenti
Director
SHARE ANALYSIS
TOP
MANAGEMENT
Elisabetta Gualandri
Number of shares outstanding
Ordinary
Nominal value (€)
Director
Livia Salvini
Director
Elio Gasperoni
director
Milva Carletti
Director
Rossella Saoncella
Director
Matthew Lentz
Director
Luca Dondi Dall'Orologio
Director
Claudio Albertini
CEO
Daniele Cabuli
Chief Operating Officer
Grazia Margherita
Piolanti
Quantity
813,045,631
813,045,631
Last Divid. (€)
0.040
Ordinary
Capitalis. (€ m)
530.35
530.35
--.-Detach Date
23/05/2016
Head of administration and
legal affaires
Roberto Zoia
Director of asset
management and
development
Andrea Bonvicini
Head of Financial
Department
Last price
Ord
Performance
Ord
Gilberto Coffari
14/10/2016
0.65
-2Y
7.46%
-2Y
50.12%
-42.66%
Raffaele Nardi
Price range (-2y)
Ord
-1Y
-25.52%
-1Y
6.77%
-32.29%
Head of planning, control and
investor relations
MAX
1.00
-3M
-13.63%
-3M
4.78%
-18.40%
MIN
0.59
-1M
-2.67%
-1M
1.46%
-4.13%
Chairman
OTHER
INFORMATION
RELATING
GOVERNANCE
TURNOVER AND VOLATILITY - STATISTICS FROM 04/01/2016 TO14/10/2016
Total(€)
Daily average(€)
Stock
Mbo
Incentivo
190,355,861
942,356
Number of shares traded
List based voting
system (BoD / MB)
Record Date
Relative perf.
Turn over
Compensation
Quorum for minority
shareholders
INDEX ITSTAR
Total
Daily average
2.5%
255,906,874
1,266,866
Number of trades
Total
Daily average
(1): Internal Control Committee (2): Compensation Committee (3): Nomination
Committee
A
(CG) Corporate Governance: Traditional Model
Volatility
87,960
435
28.95%
A
Turnover velocity
39.89%
Source: Borsa Italiana. Data refer to the ordinary shares.
ANALYST REPORTS
Analyst reports from www.borsaitaliana.it: Intermonte (08/08/2016) Intermonte (24/05/2016) Intermonte (04/03/2016) Intermonte (11/02/2016)
Intermonte (11/11/2015)
* The above information has been provided and updated by the issuing company
SHAREHOLDERS *
QUANTUM STRATEGIC PARTNERS
LTD: 5.39%
UNICOOP TIRRENO SOC. COOP:
12.03%
COOP ALLEANZA 3.0: 40.92%
OTHER SHAREHOLDERS < 2%:
41.66%
Source: Libro Soci IGD SIIQ SPA, Comunicazioni Consob partecipazioni rilevanti e
monitoraggio diretto IGD Update: 04/03/2016
Sustainability *
Index 1
FTSE ECPI Italia SRI Benchmark
Index
Approach: In 2010 IGD began implementing a structured approach to sustainability,
with the full commitment of the board of directors and top management. The decision to
undertake this path was rooted in both the company¿s background as a cooperative
and the fact that investors are increasingly including ESG criteria in valuation models.
IGD decided to gradually increase the role of corporate responsibility in company
management and incorporate sustainability targets in its Business Plan