Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - VECTOR GROUP LTD | vgrinvestorpresentionaug.htm |
| 8-K - 8-K - VECTOR GROUP LTD | august2016factsheet.htm |
| EX-99.2 - EXHIBIT 99.2 - VECTOR GROUP LTD | vectorgroupfactsheetaugu.htm |
New Valley LLC, the real estate subsidiary of Vector Group Ltd. (NYSE: VGR), owns real estate and 70% of Douglas
Elliman, the largest residential brokerage firm in the New York metropolitan area, as well as a minority stake1 in
numerous real estate investments.
New Valley has invested approximately $200 million, as of June 30, 2016, in a broad portfolio of real
estate projects.
NEW VALLEY REAL ESTATE INVESTMENTS1
August 1, 2016
DOUGLAS ELLIMAN
• Largest residential real estate brokerage firm in New York metropolitan area and fourth-largest
in United States.
• Closings of $24.8 billion for the last twelve months ended June 30, 2016; Douglas Elliman has
approximately 6,000 affiliated agents and 90 offices throughout the New York metropolitan area,
South Florida, Aspen, Greenwich, and Los Angeles.
• Strategic Marketing Partnership with Yahoo!-Zillow® Real Estate Network that provides advertising
exclusivity for Douglas Elliman’s listings.
• Maintains an alliance with Knight Frank— the largest independent residential brokerage in the
United Kingdom— to jointly market high-end properties, providing a network with 400 offices
across 55 countries with 20,000 affiliated agents.
• Adjusted Revenues and Adjusted EBITDA of Douglas Elliman of $686 million2 and $46 million2,
respectively, for the last twelve months ended June 30, 2016.
COMPANY HIGHLIGHTS
• Executive offices in Manhattan and Miami
• Employs approximately 900 people
Douglas Elliman’s Revenues were $685M and Douglas Elliman’s net income was $33.4M for the twelve months ended June 30, 2016. New Valley’s net income for the periods presented was approximately $59.4M, $21.4M, $11.7M and $15.7M, for the periods presented, respectively. New Valley’s revenues for the twelve months
ended June 30, 2016 were $690.6M. Adjusted EBITDA and Adjusted Revenues are non-GAAP financial measures. New Valley’s Adjusted EBITDA does not include an allocation of Vector Group Ltd.’s Corporate and Other Expenses (for purposes of computing Adjusted EBITDA) of $13.5M, $11.4M, $13.2M and $14.7M, for the
periods presented, respectively. For a reconciliation of Adjusted EBITDA to net income and Adjusted Revenues to revenues, please see Vector Group Ltd.’s Current Reports on Forms 8-K, filed on July 28, 2016, March 8, 2016 and October 2, 2015 (Commission File Number 1-5759). Please also see Vector Group Ltd.’s Form 10-K for
the year ended December 31, 2015 and Form 10-Q for the quarterly period ended June 30, 2016 (Commission File Number 1-5759).
2
LTM
6/30/2016
$33.4M
New Valley Adjusted EBITDA2
212
3
10
5
6
7
8
9
1
4
Maryland Portfolio
(Baltimore County)
New Valley’s Real Estate Investment Portfolio1
New Valley’s New York Real Estate Investments1
1. The Marquand Upper East Side
2. 10 Madison Square Park West Flatiron District/NoMad
3. 11 Beach Street TriBeCa
4. 20 Times Square Times Square
5. 111 Murray Street TriBeCa
6. 160 Leroy Street Greenwich Village
7. PUBLIC Chrystie House Lower East Side
8. The Dutch Long Island City
9. Queens Plaza Long Island City
10. Park Lane Hotel Central Park South
11. 125 Greenwich Street Financial District
12. 76 Eleventh Avenue West Chelsea
Hotel
Taiwana
St. Barthélemy
Coral Beach
and Tennis Club
Bermuda
International Investments1
Land Development/Real
Estate Held for Sale, net
Apartments/ Condo-
miniums/Hotels
Commercial Retail/
Office Assets
Monad Terrace
(Miami Beach)
www.newvalley.comContact: Emily Deissler / Ben Spicehandler / Spencer Waybright of Sard Verbinnen & Co (212) 687-8080
Escena
(Palm Springs)
Douglas Elliman Closings
LTM
6/30/2016
$24.8B
EXECUTIVE MANAGEMENT
Howard M. Lorber
President and Chief Executive Officer
Richard J. Lampen
Executive Vice President
J. Bryant Kirkland III
Senior Vice President, Treasurer and Chief Financial Officer
Marc N. Bell
Senior Vice President, Secretary and General Counsel
Bennett P. Borko
Executive Vice President of New Valley Realty division
Dorothy Herman
President and Chief Executive Officer of Douglas Elliman
NY City
Investments
For the percentage of each real estate project owned, please refer to the “Summary of Real Estate Investments” section of Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations of Vector Group Ltd.’s Form 10-Q for the quarterly period ended June 30, 2016 (Commission File
Number 1-5759).
1
New Valley Adjusted
Revenues – LTM June 30, 20162
Other
Real Estate Brokerage Commissions
Property Management
11
West Hollywood Edition
(West Hollywood)
The Plaza at Harmon
Meadow (New Jersey)
Sagaponack
(East Hampton)
87 Park
(Miami Beach)
Mosaic II
(ST Portfolio)
(Houston)
Takanasee
(New Jersey)
$692M
$653M
$28M
$11M
2011
$11.1B
2012
$12.4B
2013
$14.9B
$18.2B
2014 2015
$22.4B
2013
$51.3M
2014
$40.2M
2015
$26.9M