1

Savills plcResults for the six months to 30 June 2010

2

Disclaimer

Forward-looking statements

These slides contain certain forward-looking statements including the Group’s financial

condition, results of operations and business, and management’s strategy, plans and

objectives for the Group. These statements are not guarantees of future performance and

are subject to risks, uncertainties and other factors, some of which are beyond the

Group’s control, are difficult to predict and could cause actual results to differ materially

from those expressed or implied or forecast in the forward-looking statements. These

factors include, but are not limited to, the fact that the Group operates in a highly

competitive environment. All forward-looking statements in these slides are based on

information known to the Group on the date hereof. The Group undertakes no obligation

publicly to update or revise any forward-looking statements, whether as a result of new

information, future events or otherwise.

3

Leading International Real Estate Advisors

Presentation TeamPresentation Team

Jeremy HelsbyGroup Chief Executive

Simon ShawGroup Chief Financial Officer

4

Key Themes

Resilient performance – diversified business model (geographical / service)

Strong performance in UK Residential and Asia Pacific transaction advisory

businesses

Improved performance in Continental Europe

Small acquisitions (Cordea minority, Incoll-Australia)

Strong balance sheet

Currently trading well but caution over H2 2010

5

Revenue up 23% to £304m (H1 2009: £248m) – (22% in constant currency)

Underlying PBT recovered in H1 to reach to £17.2m (H1 2009: £2.5m)

Transaction Advisory revenue recovered; 57% growth on H1 2009

Consultancy revenue grew 12%

Property and Facilities Management revenue growth of 8%

Strong net cash position at period end of £20.1m (H1 2009: net debt £0.4m)

Dividend maintained at 3p per share (H1 2009: 3p)

Results Highlights

6

Summary Underlying Results

6 months ended June (£ millions) 2010 2009 % chg

revenue 304.4 247.6 22.9%

underlying profit before tax 17.2 2.5 588%

underlying PBT margin 5.7% 1.0%

underlying basic earnings per share 9.6p 1.3p 638%

net assets 179.5 183.1 (2.0)%

net cash 20.1 (0.4) n/a

7

Summary Cash flow

Period ended 30 June (£ millions) 2010 2009

Cash at start of period 80.9 75.3

cash used in operations (12.4) (30.2)

investments, acquisitions (incl. minorities) and capex (18.1) (5.6)

EBT share purchases (9.7) (2.1)

dividends (8.1) (4.6)

F/X movement 3.4 (6.5)

Net new borrowings 13.9 7.8

cash and overdrafts at period end 49.9 34.1

borrowings at period end (29.8) (34.5)

net cash at period end 20.1 (0.4)

8

Underlying PBT Reconciliation

6 months ended June (£ millions) 2010 2009

reported profit before tax 14.4 0.1

goodwill/intangible/investment impairments and amortisation 1.4 1.4

share based payment adjustment 1.4 1.0

underlying PBT 17.2 2.5

9

FX Effect on Underlying Results

588%17.2-2.517.2underlying PBT

16%(284.5)(2.7)(245.1)(287.2)underlying costs

22%301.72.7247.6304.4revenue

Constant currency variance

Constant currency

actual

FX gain/ (loss)

June 2009

actual

June 2010

actual

6 months ended June

(£ millions)

10

Global Revenue and Underlying PBT

11.1%3.64.012.2%54.260.8total consultancy

22.9%

(1.2)%

(9.3)%

7.9%

57.4%

% chg

2.5

(0.2)

1.6

(2.1)

7.2

(7.6)

2009

247.6

8.5

5.4

105.4

74.1

2009

6 months ended June

(£ millions)

Revenue

2010

PBT

2010 % chg

total transactional 116.6 9.4 n/a

total property management 113.7 7.1 (1.4)%

financial services 4.9 (0.9) 57.1%

fund management 8.4 1.5 (6.3)%

holding co / unallocated (3.9) n/a

Total 304.4 17.2 588%

11

Transactional Business

1150%

56.3%

n/a

(53.8)%

0.2

(8.0)

(1.6)

(1.3)

2.5

(3.5)

7.0

(2.0)

38.1%

17.3%

119%

(40.0)%

13.9

10.4

20.5

2.0

19.2

12.2

44.8

1.2

- UK

- Europe

- Asia Pacific

- America

transactional commercial

57.4%

43.6%

% chg

(7.6)

3.1

2009

74.1

27.3

2009

6 months ended June

(£ millions)

Revenue

2010

PBT

2010 % chg

transactional residential

- UK 39.2 5.4 74.2%

Total transactional 116.6 9.4 n/a

12

Non-transactional Business

(19.4)%

(100)%

16.3%

3.1

(0.2)

4.3

2.5

(0.4)

5.0

15.4%

(15.0)%

8.5%

29.2

11.3

64.9

33.7

9.6

70.4

- UK

- Europe

- Asia Pacific

property management

(1.4)%7.27.17.9%105.4113.7Total property management

8.2%

(1.2)%

(9.3)%

12.2%

9.7%

(4.9)%

29.3%

% chg

10.3

1.6

(2.1)

3.6

3.0

(0.4)

1.0

2009

173.5

8.5

5.4

54.2

40.2

4.1

9.9

2009

6 months ended June

(£ millions)

Revenue

2010

PBT

2010 % chg

consultancy - UK

- Europe

- Asia Pacific

44.1

3.9

12.8

3.4

(0.1)

0.7

13.3%

75.0%

(30.0)%

Total consultancy 60.8 4.0 11.1%

financial services 4.9 (0.9) 57.1%

fund management 8.4 1.5 (6.3)%

Total 187.8 11.7 13.6%

13

Operational Review

14

H1 Geographic Revenue Diversification

UK£149.5m49.1%

Asia£128.0m42.1%

Europe£25.7m8.4%

America£1.2m0.4%

America£2.0m0.8%

Europe£25.8m10.4%

Asia£95.3m38.5%

UK£124.5m50.3%

2010 2009

15

Business Stream Diversification

Property &FacilitiesMgmt. £105.4m42.6%

Transactional£74.1m29.9%

Consultancy£54.2m21.9%

FundMgmt.£8.5m

3.4%

Financial Services£5.4m2.2%

Fund Mgmt.£8.4m2.8%

Consultancy£60.8m20.0%

Transactional£116.6m38.3%

Property &FacilitiesMgmt. £113.7m37.3%

FinancialServices£4.9m 1.6%

2010 Revenue 2009 Revenue

16

Improvement in UK as anticipated; primarily London focused

Improvements in Paris, but Europe still weak; Halved losses through restructuring

Strong H1 in Asia Pacific region (primarily Hong Kong)

US market recovering slowly; deal pipe-line improved

Commercial Transaction Advisory Business

65.3%

38.1%17.3%119%

(40.0)%

% chg

(10.7)

0.2(8.0)(1.6)(1.3)

2009

46.8

13.910.420.52.0

2009

n/a4.077.4Total transactional

1150%56.3%

n/a(53.8)%

2.5(3.5)

7.0(2.0)

19.212.244.81.2

- UK- Europe- Asia Pacific- America

transactional commercial

% chg

PBT 2010

Revenue2010

6 months ended June (£ millions)

17

UK Commercial Investment volumes – 2000 – Interim 2010

Source: Property Data

£0

£10

£20

£30

£40

£50

£60

£70

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Bill

ion

Q1 Q2 Q3 Q4

18

UK Prime Yields

Source: Savills

3.0

4.0

5.0

6.0

7.0

8.0

9.0

City offices West end offices M25 offices Regional offices Standard shops Shoppingcentres

Industrial

%

Jul-10 Long Term Average Jun-09

19

China’s impact on global investment market

Source: RCA, Savills Research & Consultancy

$-

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

08Q1 08Q2 08Q3 08Q4 09Q1 09Q2 09Q3 09Q4 10Q1 10Q2

2008 2009 2010

Millions All Others China

20

Very strong first quarter followed by general election and budget slowdown

Lead indicators (e.g. applicants vs instructions) have turned down

Higher stock levels and more cautious buyers

UK Residential Transaction Advisory Business

43.6%

% chg

3.1

2009

27.3

2009

74.2%5.439.2- UKtransactional residential

% chg

PBT 2010

Revenue2010

6 months ended June (£ millions)

21

Prime Residential Market Forecasts

8.75%

9.75%

7.5%

2013

5.25%

7.5%

3.0%

2012 2014201120102009 (Actual)

Forecasts(as at July 2010)

6.0%-0.25%-1.75%1.5%All prime Regional

4.75%0.5%-1.0%8.75%Prime Central London

7.0%-1.0%-2.5%3.25%Mainstream

Source: Savills Research Dept August 2010

22

Property Management represents 37% of group revenue (H1 2009: 43%)

Area under management continues to grow: strong overseas performances in China and

Vietnam

Continued revenue growth in UK

Europe restructuring well under way; now focused on growth opportunities

Property Management

(19.4)%(100)%16.3%

3.1(0.2)

4.3

2.5(0.4)

5.0

15.4%(15.0)%

8.5%

29.211.364.9

33.79.6

70.4

- UK- Europe- Asia Pacific

property management

7.2

2009

105.4

2009

(1.4)%7.17.9%113.7Total property management

% chgPBT 2010

% chgRevenue2010

6 months ended June (£ millions)

23

Consultancy

13.3%75.0%

(30.0)%

3.0(0.4)

1.0

3.4(0.1)

0.7

9.7%(4.9)%29.3%

40.24.19.9

44.13.9

12.8

- UK- Europe- Asia Pacific

Consultancy

3.6

2009

54.2

2009

11.1%4.012.2%60.8Total Consultancy

% chg

PBT 2010

% chg

Revenue2010

6 months ended June (£ millions)

On target overall growth in the business

Global valuation income increases, but continued fee pressure

Strong performance from UK Housing consultancy

In Asia a number of large fees due in H2 for work ongoing in H1

24

March acquisition of 40% of the business owned by staff

Successfully restructured leveraged Funds in Italy

New UK Income and growth fund in 2009 fully invested

Transaction fees down year on year; primarily timing difference on acquisitions

Funds under management of £2.6bn (2009: £2.5bn)

Continued inflows into core funds (eg European Commercial Fund & Charities Property Fund)

Fund Management

1.6

2009

(1.2)%

% chg

(6.3)%1.58.58.4fund management

% chg

PBT 20102009

Revenue2010

6 months ended June (£ millions)

25

Losses in Savills Private Finance substantially reduced through 2009 restructuring activities

Mortgage market remains thin

Savills Capital Advisers restructured during the period

Financial Services

(2.1)

2009

(9.3)%

% chg

57.1%(0.9)5.44.9financial services

% chg

PBT 20102009

Revenue2010

6 months ended June (£ millions)

26

Summary and Outlook

Strong H1 2010 Group Performance, but continued caution over H2

Performance driven by Asia Pacific and UK prime residential markets

Continued to make selective Investments in the business

Continued conservative approach to financing

Focus on retention of key employees and selective team / individual recruitments

Well placed to take advantage of business opportunities as they arise

27

Appendix I

28

Increasing UK Investment Inflows in H1 2010

Source: Investment Management Association

-600

-400

-200

0

200

400

600

800

Jan

05

Apr 0

5

Jul 0

5

Oct

05

Jan

06

Apr 0

6

Jul 0

6

Oct

06

Jan

07

Apr 0

7

Jul 0

7

Oct

07

Jan

08

Apr 0

8

Jul 0

8

Oct

08

Jan

09

Apr 0

9

Jul 0

9

Oct

09

Jan

10

Apr 1

0

£ m

illio

ns

Net retail flows Net institutional flows

29

UK Rental growth is still negative –but pockets of recovery are emerging

Source: Investment Property Databank

-20%

-15%

-10%

-5%

0%

5%

10%

15%

Jan

00

May

00

Sep

00

Jan

01

May

01

Sep

01

Jan

02

May

02

Sep

02

Jan

03

May

03

Sep

03

Jan

04

May

04

Sep

04

Jan

05

May

05

Sep

05

Jan

06

May

06

Sep

06

Jan

07

May

07

Sep

07

Jan

08

May

08

Sep

08

Jan

09

May

09

Sep

09

Jan

10

May

10

Ann

ual %

cha

nge

Retail Office Industrial

30

Trend in new UK enquiries consistently below new instructions

-80

-60

-40

-20

0

20

40

60

80

100

May-06 Nov-06 May-07 Nov-07 May-08 Nov-08 May-09 Nov-09 May-10

net b

alan

ce in

stru

ctio

ns/ e

nqui

ries

-80

-60

-40

-20

0

20

40

60

80

100

Stoc

k pe

r sur

veyo

r offi

ce

Unsold stock New Enquiries New Instructions

Source: RICS

31

Asia Office Yields

0

1

2

3

4

5

6

7

8

9

Seoul Hong Kong Sin gapo re Tokyo Sha ngha i Bei jing Ta iwan

Q2/09 Q2 /10

Source: Savills Research & Consultancy

%