Sustainability - Long Term Value Creation

May 2012

WHO WE ARE

WE ARE PRESENT IN 10 MARKETS

We currently operate in Portugal, Spain, Italy, Germany, Greece, Romania, Morocco, Algeria, Colombia, and Brazil.

We also provide services to third parties in Croatia. 

WHO WE AREOUR PORTFOLIO

40

51

19

>2.2

8.495

428

Openings

Shopping centres in operation

Shopping centres managed,

owned by third parties

GLA under management (millions m2)

Tenant contracts (number)

Visits to our centres in 2011(millions visits)

Sustainability as a long term value creator

CORPORATE RESPONSIBILITY

CORPORATE RESPONSIBILITY

PEOPLE

SOCIAL

PLANET

ENVIRONMENT

PROFIT

ECONOMIC

A SPECIALIST DOESN'TSIMPLY FORESEE PROBLEMS, IT ANTICIPATES SOLUTIONS

For Sonae Sierra, the sustainable growth of

the company implies a constant evaluation of

the interaction and balance between

economic, social and environmental goals.

ENERGY AND

CLIMATE

WATER WASTE BIODIVERSITYAND

HABITATS

SUPPLIERS TENANTS COMMUNITIES AND

VISITORS

EMPLOYEES SAFETHY AND

HEALTH

CORPORATE RESPONSIBILITY

OUR IMPACT AREAS

Our CR Strategy focuses on nine areas of greater material impact in our Company's business.

Rigorous management processes ensure that each impact area is strategically handled and performance shows efficient results.

CORPORATE RESPONSIBILITY

Some Sonae Sierra main economic, environmental and social performance indicators.

Since 2005, Greenhouse gas emissions decreased by 60% per m2 GLA in our shopping centers and the total waste recycled increased more than 168%, since 2002.Tenant occupancy index above the 95% objective.

ENERGY& CLIMATE

TOTAL WASTERECYCLED

TENANTS OCCUPANCY

35%

42%46%

53%

96,6%95,8% 95,9%

96,7%

0.0740.071

0.067

0.034

51%

96,4%

Sustainability at Sonae Sierra

LOOP 5 Case Study

OPENING October 2009

LOCATION Weiterstadt

GLA 56.500 m2

RETAIL LEVELS 3

INVESTMENT €265 million

UNITS 175

PARKING 3,000 free of charge

SHOPS 175

RESTAURANTS 17

THEME Aviation

LOOP5

A SUSTAINABLE SHOPPING CENTRE

Development phase:

• ISO 14001 Environment Certification in the construction process

• Site’s final recycling rate was 100%

• Design for eco-efficiency:

– Energy Efficient Boilers, Air Conditioning Units, Lighting System, Designed Glass Roof with Solar Protection Film

Operations phase:

• ISO 14001 Environment Certification for operations

• Management focus on adding asset value by improving operational efficiency and reducing environmental footprint

LOOP5

Technical Solutions:

• Water efficient sanitary equipments

• Data collection and regular monitoring to assess

water performance indicators

• Water preservation messages

• Pre-treatment of Wastewater with fat and

hydrocarbons separators

• Wastewater discharges are regularly analyzed by

externally certified laboratories

WATER

LOOP5

Highlights:

• Sensor spray taps and dual-flush toilets

• Water less urinals in all men’s toilets

• Annual Targets and Benchmarking studies

Construction phase:• Implementation of a Waste Management Project• Site’s final recycling rate was 100%

Operational phase:• Separate receiving stations• Financial incentives: each tenant pays • according to the waste produced and recyclable• materials are free of charge

LOOP5

WASTE

Highlights:

• Innovative Waste Management System based on pollutant-payer equipment

• Regular Training Sessions for tenants and suppliers

• Tenants recycling rate follow-up

• In 2011 Loop5 recycled 73% of the total waste produced

Technical Solutions:• Daylight maximization and efficient lighting strategy • High efficiency electrical motors (83%) • Energy efficient boilers and air conditioning units• Low-consumption Escalators with variable speed drives• Data collection and regular monitoring to assess energy

performance indicators • Automatic office’s shades control from roof top

Meteorological station

LOOP5

ENERGY AND CLIMATE

Highlights:• 100% renewable electricity with ZERO CO2 emissions and

“green certificate” since opening• Lighting controlled by movement sensors in technical areas

with minimal lighting levels on the emergency roots were assured.

• In 2011 Loop5 had a reduction of 12% in electricity consumption compared with 2010.

• An erosion and sedimentation control plan was developed to minimize air and water

contamination and degradation due to erosion and sedimentation effects during the

lifetime of the building

• Landscape project with new green areas using only plants that are well adapted to

the local environment – no irrigation needed

LOOP5

BIODIVERSITY AND HABITATS

• “Transport study" and Integrated travel

plan” was made during early concept

design stages

• Designating a “car-sharing” parking

spaces for high occupancy cars

• Installation of a bus station near the

main entrance

• Local transport partnerships to increase

bus route

• Extension of bicycle park

LOOP5

Promoting the use of more environment-friendly means of transport such

as bicycles and buses and encouraging the environmentally conscious

use of the car

TRANSPORT

Create a noticeable improvement in the local community, while involving our staff in a creative and fun way

We work together with the community and support:

• the local volunteer fire brigade

• schools and kindergarten

LOOP5

SOCIAL

SUSTAINABLE INNOVATIONS

• Roof Top Solar panels - area of 3.600 m² with an average of 600,000 kilowatts of electricity per year

• 100% Green Gas Supplier – CO2 emissions compensation through forestry projects

• Electrical Cars Parking - Battery Recharge Station free of charge & 100% Green electricity

LOOP5

Sustainability at Sonae Sierra

River Plaza Mall

RIVER PLAZA MALLOverall Performance

RIVER PLAZA MALLWATER

RESULT: Water consumption reduction by 21% in 2011, compared to 2010.

Technical Solutions:

• Water efficient appliances (e.g. low flush toilets and timing control taps

• Data collection and regular monitoring to assess water performance indicators

• Water preservation messages • Procedures set in place to restrict water use

wherever appropriate• Pre-treatment of Wastewater with fat and

hydrocarbons separators• Wastewater discharges are regularly analyzed by

externally certified laboratories

RIVER PLAZA MALLWASTE

RESULT: River Plaza Mall increased the recycling rate from less than 20% in 2008 to 41% in 2011

Technical Solutions:

• Recycling bins in the mall for selective separation of paper/cardboard, plastic/metal, glass and urban waste

• Regular Training Sessions for tenants and suppliers

RIVER PLAZA MALL

ENERGY

RESULT: Electricity consumption reduction by 5% in 2011, compared to 2010.

Technical Solutions:

• Daylight maximization and efficient lighting

strategy

• Energy efficient air conditioning units

• Data collection and regular monitoring to

assess energy performance indicators

• Energetic efficiency building certificate

RIVER PLAZA MALLINVOLVING VISITORS

Socio-economic benefits

Active engagement with local community

Community Advisory Panels

Environmental Days

Community Day

Safety & Health Days

ENERGY SAVING INVESTMENT

Investment: 69,700 €

Reduced electricity consumption:1,755,500 KWh/year

Cost savings: 50,600 €/year

Optimisation of the BMS

settings

Measures

Oil/water heat exchanger on the chillers

Revolving doors in the

entrance

High efficiency lights in the

underground car parking

Variable speed drives in the

electrical motors

RIVER PLAZA MALL

Variable Speed Drives

Revolving Door in the Entrance

High efficiency lights and surveillance camera control

Oil/water heat exchanger on the chillers

ENERGY SAVING INVESTMENT RIVER PLAZA

MALL

First Mall in Romania to receive the ISO 14001 Certification for its SHEMS (Safety & Health and Environment Management System)

First Mall in Romania to receive the “Energetic efficiency building” certificate

RIVER PLAZA MALLACHIEVEMENTS

Thank you.