x facilities energy management alexis wong, kiran singh, quan luu, sam hein itec 200- itr 2014
TRANSCRIPT
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X
Facilities Energy ManagementAlexis Wong, Kiran Singh, Quan Luu, Sam Hein
ITEC 200- ITR 2014
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Properties No. Of Properties Sq. Ft (M)Total Malls / Open-Air Outlet Centers Associated CentersCommunity CentersOffices3rd Party / Other
158833
32101417
92.772.41.04.92.70.8
10.9
CBL: A Leading Diversified Real Estate Investment Trust
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The Bottom Line
CBL’s Investors require financial and environmental outperformance
What strategies should CBL consider to ensure that these goals are complementary?
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What WegoWise DoesReads your utility bills: electricity, gas, water
Simple data visualization tools
Identifies usage spikes
Benchmarks against peers
Projects and measures savings
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Log onto your WegoWise accountTrack your energy usage
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Benchmarking
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Data Analysis
Shows a typical water retrofit for multi-occupant building in WegoWise database
Low flow toilets were installed in 2009 after WegoWise identified a wasteful energy source
Transforming data to polar coordinates can illustrate how much excess water usage is now
eliminated
Flushing away excess water usage
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WegoWise is Extremely Cost-Effective
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WegoWise Changes the Economics of FEM Product MarketOnly 5% of the potential market reached by “total” approaches
Several barriers to adoption
2011 Empire State Building Retrofit (Johnson Controls)
38% Reduction in energy consumption
$13MM Upfront capital commitment
$4.2MM Annual energy savings
3.1 Year payback
This formula doesn’t work for a lot of firms
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WegoWise and CBL: An Incremental ApproachNo hardware = No upfront capital commitment
Issue DiscoveryData leads to ROI Prioritization
Ongoing monitoring and benchmarkingWegoWise is cost-effective enough to monitor any FEM installations
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Why should REITs like CBL pay attention to energy efficiency?
~ 1/3 of typical building operating budgets
NOI/NAV effects
Occupant comfort
20% of USA’s greenhouse gas emissions
Regulatory compliance
CSR goals
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CBL’s Form 10-K
30% of energy in buildings is used inefficiently or unnecessarily
14%
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10% Reduction in energy consumption
Pays $2 / square foot
200,000 Square foot property
Lets Talk Numbers
+ $40,000
+ $500,000
+ $231M
At 8% “cap” rate, this can mean an asset value boost of
CBL’s net asset value by
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Able to save 500 million gallons per month
If the energy efficiency of commercial and industrial
buildings improve by 10%, the collected savings would be over $2 billion in 20 years
CBL’s CSR Program
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Now Is the Time to Invest