URW’s path to 2024 and beyond
On March 31, 2022, the Management Board of Unibail-Rodamco-Westfield shared with the market the Group’s path to 2024 and beyond, a plan which will strengthen the Group’s core business, generate new revenues and unlock asset value.
This is the beginning of an exciting journey for URW that will reshape the business to focus on our core strengths in Europe, create a new media platform and unlock value from our asset portfolio to generate sustainable growth by 2024 and beyond.CHIEF EXECUTIVE OFFICER
Strengthen our core business
|Finalise European disposal programme and complete radical reduction
of US financial exposure
|~40% LTV ratio1|
|Emerge as a focused European pure play with Retail NRI and Group
EBITDA back to pre-COVID levels
|stabilized 2019 levels in 2023-24|
|Build on strong ESG track-record to drive enhanced environmental,
social and financial value
|Better Places 2030 update in 2023|
Build new revenue platforms
|Increase media advertising and brand experience revenue by turning
footfall into a qualified audience
|€75 Mn in annual net revenue
in Europe by 2024, €200 Mn by 2030
|Build data capabilities to generate new revenues with retailers and
Maximise the value of our assets
|Deliver European committed pipeline with tight CAPEX control||€2.0 Bn by 2024|
|Unlock development opportunities embedded in our assets to refuel controlled pipeline||€1.0 Bn new projects
to be added
1FRS LTV including hybrid
URW has a clear plan to generate sustainable growth by focusing on its core strengths, creating new revenues and unlocking asset value.
Our path to 2024 and beyond
Jean-Marie Tritant, CEO, explains why physical stores remain a vital part of omnichannel retail and support the Group’s strategy to strengthen its core business, generate new revenues and unlock asset value
Growing new revenues
Caroline Puechoultres, Chief Customer Officer, shares her perspectives on evolving consumer expectations and behaviours, and URW’s plans to generate increased revenues from advertising, brand and data services
Our mixed-use development strategy
Olivier Bossard, Chief Investment Officer, outlines the Group’s plan to maximise the value of its assets through targeted mixed-use development and URW’s ambitions to partner with major cities with on urban regeneration projects.
Leading the environmental transition
Sylvain Montcouquiol, Chief Resources and Sustainability Officer, explains how URW will build on its strong ESG track-record to drive enhanced environmental, social and financial value.
Our 2024 growth projections
Fabrice Mouchel, Chief Financial Officer, demonstrates why the strength of URW’s portfolio underpins the Group’s growth projections, including the return of Retail NRI and Group EBITDA to pre-COVID levels by 2024.
All materials from the sessions as well as press releases are available on urw.com.Read more