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© COPYRIGHT — THE URW 2019 REPORT

THE URW 2019 REPORT

07 — Reconnect

One Group, one ambition, one team

Since the creation of Unibail-Rodamco-Westfield in June 2018, our teams have learned to work and grow together. We have had our first challenges, and our first successes. Each day, we demonstrate our collective capacity to imagine and bring to life extraordinary and sustainable places, together.

Together at URW

more about our corporate values

Togetherness is the force behind our ambition. We unite the most talented and passionate people from various backgrounds, who dare with vision and agility. We are a team of committed individuals, and we push boundaries to continuously aim for excellence and exceed expectations.

Our values make us who we are. They are shared and reflected in very concrete, day-to-day actions: how we work together, how we interact with each other, how we deliver. Our values are the foundation of how we succeed together today, and how we will succeed tomorrow. They drive us when developing talent, recruiting new colleagues, and presenting our company to the outside world.

Together at URW: discover our corporate values

Our new Group values were defined in 2019. They are the result of a 12-month collaborative journey with almost 2,000 employees involved in workshops, surveys and collective thinking.

  • Excellence

    We only aim for the best

  • Teamwork

    We unite talent to win as a team

  • Ethics

    We build on trust and transparency

  • Boldness

    We dare with vision and agility

  • Passion

    We go the extra mile

  • Ownership

    We are empowered to deliver

How we make it Ours

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LAX's Terminal 1 recognised as "Best Airport Concessions Transformation"

Los Angeles International Airport's recently renovated Terminal 1 was named the “Best Airport Concessions Transformation” in the prestigious 2019 Excellence in Airport Concessions awards by Airports Council International-North America (ACI-NA). The award recognises the curb-to-gate redevelopment of the terminal, which includes new guest experiences featuring modern retail and dining options developed by Unibail-Rodamco-Westfield.

URW Germany is a Top Employer 2019

Unibail-Rodamco-Westfield Germany was recognised by the Top Employers Institute for its excellent employee conditions, in particular the URW Academy and the International Graduate Program.

51% ♀ / 49% ♂

Gender Equality

3,626

Professionals

53,293

hours of training

Our legal teams in the spotlight

Our French legal team was included in the 2019 “GC Powerlist: France Teams” by The Legal 500, a leading judicial publication. The award recognises “the most high quality, innovative, and influential in-house lawyers and legal teams in business today”. The team also received two Silver Awards, one for Innovation and one for Transaction, at the French Law Summit (Sommet du Droit) in June.

A great place for families

Our UK teams were rewarded twice at the Working Families Best Practice UK Awards 2019, receiving “Best for Fathers” and “Best for Line Manager Support” awards.

475

Promotions given in 2019 (13.1% of employees)

51% ♀ / 49% ♂

Gender Equality

475

Promotions given in 2019 (13.1% of employees)

URW teams take home top honours at ICSC Maxi Awards

Our US teams took home four prestigious MAXI Awards at RECon, the world’s largest retail real estate convention, hosted annually by the International Council for Shopping Centers (ICSC) in Las Vegas – including Gold Medals for our TASTE food and dining extravaganza at Westfield Century City and our inspirational Woolsey Fire relief efforts at Westfield Topanga.

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URW for Jobs

As part of our URW for Jobs programme, we aim to create job opportunities in our centres for local people living in neighbouring communities. In 2019, the programme was extended to 40 of our centres. URW for Jobs initiatives have helped to train over 1,400 people who were cut off from the job market, with sessions on confidence building, recruitment processes, and customer service skills. We provided 758 jobs and training placements through the URW for Jobs programme in 2019.

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3,626

Professionals

Universum Award for URW France

Unibail-Rodamco-Westfield France was awarded the first prize for the high level of responsibility offered to our employees in the 2019 Universum ranking of the Most Attractive Employers

Christophe Cuvillier named “Professional of the Year”

Our Group CEO Christophe Cuvillier was voted “Professional of the Year” at the Pierres d’Or 2019, recognising his leading role in creating the premier global developer and operator of flagship destinations.

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Leading the way to tomorrow's cities

Five of our team members were listed by the independent think-tank Institut Choiseul among the 200 French leaders under 40 who reinvent and transform our cities every day. They were recognised in the Retail, Hospitality and Mobility category, as well as in the Investors and Consulting category.

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53,293

hours of training

URW Community Day

In 2019, we demonstrated once again the strength of our teams and our engagement to create more inclusive communities with the first global URW Community Day. All employees had the opportunity to get involved in supporting local non-profit organisations (charities, hospitals, etc.) near our shopping centres. In total, more than 2,000 employees across 12 countries donated over 12,000 hours in support of 80 initiatives, alongside partner non-profits and public organisations. Depending on the different needs of our partners, the teams helped with renovations, environmental clean-ups, or to run an activity or event.

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187

Mobilities (of which 67 international)

187

Mobilities (of which 67 international)

A winning collab to fight against food waste

URW Lab won the “Most Efficient Collaboration” prize at the 2019 Village Awards, for our partnership with Too Good To Go, the app that fights food waste.

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Discover how our teams bring our values to life

THE Management BOARD

More about the Management Board

The Management Board is Unibail-Rodamco-Westfield SE’s collegial decision-making body and is overseen by the Supervisory Board. The Management Board members are collectively responsible for the Company’s management and general course of business. The Management Board’s mission consists in defining and executing the Company’s strategy, effectively structuring and staffing the Company to ensure its efficient functioning, achieving the projected financial results and communicating these results in the best manner. The Management Board currently has two members appointed for four-year mandates.

Christophe Cuvillier

Group Chief Executive Officer

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Jaap L. Tonckens

Group Chief Financial Officer

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The Senior Management Team

More about the SMT

The Senior Management Team is the coordinating body for Unibail-Rodamco-Westfield SE and WFD Unibail-Rodamco N.V., responsible for the definition of their shared strategy and their business policy, and for providing advice on key business decisions.

Michel Dessolain — Chief Operating Officer Europe
Europe confirmed its robust performance throughout the year, delivering our promises to visitors and retailers. Building on Unibail-Rodamco and Westfield’s joined forces, we built a new Commercial Partnership platform to create memorable and innovative consumer brand experiences while generating a substantial revenue stream.
Read the biography of Michel Dessolain on urw.com
Jean-Marie Tritant — President US
Onboarding the US teams to the new Group’s organisation and strategy was the highlight of 2018. With our powerful teams serving an exceptional portfolio that welcomes emblematic retailers and innovative concepts, we are fully poised to further develop our brand and our business in the US.
Read the biography of Jean-Marie Tritant on urw.com
Astrid Panosyan — Group Chief Resources Officer
This year has been a very special one with the creation of our new Group. Everyone’s engagement has been impressive. For the last 9 months, we have been building a common culture based on our energy and our drive for excellence. We are one organisation, and more importantly, one team.
Read the biography of Astrid Panosyan on urw.com
Christophe Cuvillier — Group Chief Executive Officer
2018 was a historic year for the company with the run up to and the closing of the Westfield transaction on June 7. By combining Unibail-Rodamco and Westfield, we have created the world’s premier global developer and operator of flagship shopping destinations.
Read the biography of Christophe Cuvillier on urw.com urw.com
Jaap L. Tonckens — Group Chief Financial Officer
2018 was a year of excellent results. We closed the acquisition of Westfield, made solid progress on the integration and grew our adjusted recurring earnings per share by 7.2%, exceeding guidance. The year was also very successful in terms of asset sales: we disposed of €2 Bn of assets at an average premium of 8.9% above book value at a pace well above expectations, reflecting the quality of our portfolio.
Read the biography of Jaap L. Tonckens urw.com
Gerard Sieben — Chief Financial Officer, WFD Unibail-Rodamco N.V.
2018 was about succeeding on the critical work of integrating Westfield and Unibail-Rodamco, while ensuring the successful day-to-day management of our operations.
Read the biography of Gerard Sieben on urw.com
Olivier Bossard — Group Chief Development Officer
We wrote a number of impressive stories in the last year, these stories are our projects, places that integrate in the local community, buildings grounded in the cities, homes to our visitors. Our strategic vision of building mixed-use projects keeps growing within our Group and we systematically review each of our key locations to study their densification potential.
Read the biography of Olivier Bossard on urw.com
Fabrice Mouchel — Chief Financial Officer Europe
In 2018, Unibail-Rodamco-Westfield raised circa €10 bn of medium to long term debt and hybrid, at attractive conditions, securing the funding of the Westfield acquisition and of its development projects. In parallel, the integration of finance teams has been progressing well with the achievement of the first 5-year Business Plan and the first Full-Year closing of the combined Group.
Read the biography of Fabrice Mouchel on urw.com

THE SUPERVISORY BOARD

More about the Supervisory Board

The Supervisory Board exercises permanent oversight and control over the Management Board and the general affairs of the Company as provided by law, its Articles of Association and its internal charters. The Supervisory Board currently has ten members appointed for a three-year mandates.

Colin Dyer

Chairman of the Supervisory Board and Chairman of the Governance and Nomination Committee

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Philippe Collombel

Member of the Supervisory Board

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Jill Granoff

Member of the Supervisory Board

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Mary Harris

Vice-Chair of the Supervisory Board and Chair of the Remuneration Committee

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Dagmar Kollmann

Member of the Supervisory Board

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John McFarlane

Member of the Supervisory Board

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Roderick Munsters

Member of the Supervisory Board

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Sophie Stabile

Member of the Supervisory Board

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Jacques Stern

Member of the Supervisory Board and Chairman of the Audit Committee

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Jacqueline Tammenoms Bakker

Member of the Supervisory Board

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