Jones Lang LaSalle 8K Reports Revenue Growth of 18 Percent for the First Quarter of 2012 | JLL 2 May 12

Supplemental Information

First Quarter

Earnings Call

2012

Exhibit 99.2

Market & Financial Overview

Prime Offices -

Capital Value Clock

As of Q1 2012

Capital Value

growth slowing

Capital Value

growth

accelerating

Capital Value

bottoming out

Capital Value

falling

Q1 2011

Washington

DC, Sao Paulo

Amsterdam,

Hong Kong

New York, San Francisco

Toronto, Moscow

Chicago

Los Angeles, Stockholm

Dallas, Mexico City

Frankfurt, Milan

Atlanta, Berlin

Paris, Sydney

Detroit

Seoul, Tokyo

Brussels,

Mumbai

Shanghai

Beijing

Singapore

London

Madrid

Capital Value

growth slowing

Capital Value

growth

accelerating

Capital Values

bottoming out

Capital Values

falling

Q1 2012

Beijing, Milan

Shanghai

Hong Kong, Singapore,

Amsterdam

Mumbai

Sydney

Tokyo

Dallas

Detroit, Mexico City

Brussels, Seoul

Washington DC, New York

Los Angeles

San Francisco, Sao

Paulo, Toronto

Chicago

Atlanta

Berlin, Moscow

Frankfurt

London, Paris

Madrid

Stockholm

Americas

EMEA

Asia Pacific

The

Jones

Lang

LaSalle

Property

Clocks

Prime Offices –

Rental Clock

As of Q1 2012

The

Jones

Lang

LaSalle

Property

Clocks

Q1 2011

Rental Value

growth slowing

Rental Value

growth

accelerating

Rental Values

bottoming out

Rental Values

falling

Toronto

Beijing, Hong Kong

Washington DC

San Francisco

Singapore

New York, Shanghai

Atlanta,

Chicago

Madrid

Los Angeles

Dallas, Amsterdam,

Tokyo

Sao Paulo

London

Detroit

Mexico City

Dubai

Seoul

Mumbai

Frankfurt, Milan

Johannesburg

Sydney

Moscow

Stockholm

Berlin, Paris

Brussels, Rome

Americas

EMEA

Asia Pacific

Q1 2012

Rental Value

growth slowing

Rental Value

growth

accelerating

Rental Values

bottoming out

Rental Values

falling

Beijing, Stockholm

Shanghai

Sydney

Hong Kong

Singapore

Mumbai

New York

Johannesburg, Milan

Washington DC, Rome

Detroit

Dubai

Sao Paulo

Toronto

San Francisco

Dallas

Atlanta, Chicago

Los Angeles

Frankfurt

Mexico City

Amsterdam

Berlin

Brussels, Madrid,

Seoul

London

Moscow

Paris

Tokyo

Q1 Selected Business Wins and Expansions

Americas

EMEA

Asia Pacific

Global

–

Ericsson –

26M sf

–

Howard Hughes Medical Institute,

Virgina –

1M sf

–

516-520

Fifth

Avenue,

New

York

–

$132M

–

West

57th

Street,

New

York

–

$120M

–

Gansevoort,

South

Miami

Beach

–

$200M+

–

Novotel

Times

Square,

New

York

–

$92M

–

ION

Trading,

New

York

–

57K

–

Gibson

Dunn,

Washington

D.C.

–

200K

–

Riverbed Technology, San Francisco –

168K sf

–

High Tech Campus Eindhoven,

Netherlands

–

€425M

–

Bunhill

Road,

London

–

£185M

–

Westland

Shopping

Centre,

Brussels

–

€81M

–

Westend

Frankfurt

Hotel,

Germany

–

€100M+

–

Vinci

Defense,

Paris

–

€100M+

–

Merck/Schering

Plough,

Ireland

–

355K

–

AXA

Real

Estate,

Slovakia

–

915K

–

Societe

Generale,

Milan

–

269K

–

New

York

University,

Shanghai

–

570K

–

Twenty

Anson,

Singapore

–

US$

341M

–

Myer

Centre,

Brisbane

–

AUD

366M

–

Mumbai

land

parcel,

India

–

US$

95M

–

Growthpoint

Properties,

Australia

–

8.9M

–

Chongqing Tian Fu Square, China –

1.9M sf

–

The

Asia

Society,

Hong

Kong

–

80K

–

Eden

City

Group,

India

–

1.9M

–

MetLife –

14M sf

Direct

Commercial

Real

Estate

Investment,

2005

2012

Source: Jones Lang LaSalle, April 2012

+10-15%

-10%

2012 volumes forecasted at approximately $400

billion, in line with 2011

Americas -

projections unchanged

EMEA -

lower end of previous forecast

Asia Pacific -

down 10% from previous forecast

100

200

300

400

500

600

700

800

Americas

EMEA

Asia Pacific

Global

2005

2006

2007

2008

2009

2010

2011

Projection

2012

Prime Offices –

Projected Changes in Values, 2012

+ 10-20%

Capital Values

Rental Values

+ 5-10%

+ 0-5%

0-5%

5-10%

Shanghai, Mumbai, Tokyo

Boston, New York*, Moscow

Frankfurt, Paris, London*, Stockholm

Chicago, Los Angeles, Washington DC

Sydney

+ 20%

Beijing, Toronto, San Francisco

Sao Paulo

Shanghai, Mumbai, Tokyo, Sydney

Boston, New York*

Moscow

Chicago, Los Angeles, Washington DC

Frankfurt, Paris, London*, Stockholm,

Hong Kong

Provisional. *New York –

Midtown, London –

West End. Nominal rates in local currency.

Source: Jones Lang LaSalle, April 2012

10-20%

Dubai

Brussels, Madrid, Mexico City

Brussels, Mexico City

Dubai, Madrid

Singapore

Toronto, San Francisco, Sao Paulo

Hong Kong, Singapore

Beijing

Financial Information

Q1 2012 Revenue Performance

Note: Equity earnings (losses) of $11.8M and ($2.0M) in 2012 and

2011, respectively, are included in segment results, however,

are excluded from Consolidated totals. Year-over-year increases shown “fee”-based have been calculated using Fee Revenue,

which excludes gross contract costs.

Americas

EMEA

Asia Pacific

LIM

Consolidated

($ in millions; % change in USD)

20% (14% fee)

27% (27% fee)

13% (15% fee)

23%

18% (16% fee)

Fee revenue

Gross contract costs

$346.3

$288.1

$213.2

$168.1

$186.4

$165.5

$813.3

$687.9

$327.4

$286.6

2012

2011

$186.9

$147.5

2012

2011

$162.6

$140.9

2012

2011

$79.2

$64.2

2012

2011

$744.3

$641.2

2012

2011

Q1 2012 Real Estate Services Revenue

Note: Segment and Consolidated Real Estate Services (“RES”) operating revenue exclude equity earnings (losses). Fee

Revenue presentation of Property & Facility Management, Project & Development Services and Total RES Operating Revenue

excludes gross contract costs.

Asia Pacific

millions;

change

USD

over

March

YTD

2011)

Americas

EMEA

Leasing

Capital Markets &

Hotels

Property & Facility

Management

Fee Revenue

Project &

Development Services

Fee Revenue

Advisory, Consulting

& Other

Total RES

Operating Revenue

Fee Revenue

$149.7

$27.8

$104.4

$39.6

$24.8

$346.3

40%

56%

20%

$47.3

$39.2

$37.7

$50.6

$38.4

$213.2

27%

37%

32%

37%

27%

$33.3

$21.6

$96.4

$14.9

$20.1

$186.3

13%

22%

15%

18%

23%

13%

$230.3

$88.6

$238.5

$105.1

$83.3

$745.8

10%

34%

28%

12%

28%

20%

Total RES

$85.6

31%

$74.3

$37.7

$197.6

14%

19%

$39.5

$13.2

$24.3

$77.0

37%

15%

$327.4

14%

$162.5

$186.9

$676.8

27%

15%

18%

LaSalle Investment Management

Note: AUM data reported on a one-quarter lag.

Q1 2012 Highlights

AUM by Fund type

($ in billions)

Product

Assets Under

Management

($ in billions)

Average

Performance

Private Equity

U.K.

$11.9

Above benchmark

Continental Europe

$4.2

Return: >1x equity

North America

$11.1

Above benchmark

Asia Pacific

$8.4

Return: >1x equity

Public Securities

$11.6

Above benchmark

Total Q1 2012 AUM

$47.2 B

•

Operating income margin of 34.2%, including equity earnings

•

Solid incentive fees and equity earnings resulting from the performance

of vintage funds

•

New fundraising activities in progress as vintage funds mature

Solid Cash Flows and Balance Sheet Position

•

Healthy position after Q1 2012 incentive compensation payments

Cash from earnings, excluding restructuring and acquisition charges, increased $14 million

versus Q1 2011

•

Semi-annual dividend increased 33% to $0.20/share from $0.15/share

To be paid June 15, 2012

•

Investment grade balance sheet; Baa2 / BBB-

(Stable)

Low debt cost: Q1 2012 net interest expense of $7.4 million vs. $8.0 million in Q1 2011

Total net debt of $868 million, including deferred acquisition obligations of $309 million

Q1 2012 Highlights

($ in millions)

First Quarter

2012

2011

Cash from Earnings

$47

$42

Working Capital

(243)

(239)

Cash used in Operations

($196)

($197)

Primary Uses

Capital Expenses

(12)

(17)

Acquisitions & Deferred Payment Obligations

(5)

(25)

Co-Investment

(2)

Dividends

Net Cash Outflows

($16)

($44)

Net Share Activity & Other Financing

(3)

(4)

Net Bank Debt Borrowings

($215)

($245)

Appendix

Fee Revenue / Expense Reconciliation

Note: Consolidated Revenue and Fee Revenue exclude equity earnings (losses). Restructuring and acquisition charges and

intangible amortization related to the King Sturge acquisition are excluded from operating expenses when calculating adjusted

operating income margin.

•

Reimbursable vendor, subcontractor and out-of-pocket costs reported as revenue and expense in JLL

financial statements have been steadily increasing

•

Margins diluted as gross accounting requirements increase revenue and costs without corresponding profit

•

Business

managed

“fee”

basis

focus

margin

expansion

the

base

business

($ in millions)

2012

2011

Consolidated Revenue

813.3

687.9

Consolidated Operating Expenses

798.7

675.8

Adjusted Operating Income Margin

3.1%

1.8%

Gross Contract Costs:

Property & Facility Management

18.8

1.5

Project & Development Services

0.1

Total Gross Contract Costs

18.9

1.5

Property & Facility Management

Project & Development Services

26.3

20.6

Total Gross Contract Costs

26.3

20.6

Property & Facility Management

22.1

18.7

Project & Development Services

1.7

5.9

Total Gross Contract Costs

23.8

24.6

Consolidated Fee Revenue

744.3

641.2

Consolidated Fee-based Operating Expenses

729.7

629.1

Adjusted Operating Income Margin ("fee"-based)

3.4%

1.9%

Asia Pacific

Americas

EMEA

Q1 2012 Adjusted EBITDA* Performance

Americas

EMEA

Asia Pacific

LIM

Consolidated

* Refer to slide 17 for Reconciliation of GAAP Net Income to Adjusted EBITDA for the three months ended March 31, 2012, and 2011, for details relative to these adjusted EBITDA

calculations. Segment EBITDA is calculated by adding the segment’s depreciation and amortization to its reported operating income, which excludes restructuring and acquisition

charges. Consolidated adjusted EBITDA is the sum of the EBITDA of the four segments less net income attributable to non-controlling interest.

($ in millions)

$21.7

$18.5

2012

2011

$54.9

$28.3

2012

2011

$10.1

$8.5

2012

2011

$27.5

$9.6

2012

2011

($4.3)

($8.2)

2012

2011

Reconciliation of GAAP Net Income to Adjusted Net Income

Three Months Ended

March 31,

($ in millions)

2012

2011

GAAP Net income attributable to common

shareholders

$ 14.0

$ 1.5

Shares (in 000s)

44,685

44,359

GAAP earnings per share

$ 0.31

$ 0.03

GAAP Net income attributable to common

shareholders

$ 14.0

$ 1.5

Restructuring and acquisition charges, net

6.7

Intangible amortization, net

1.6

Adjusted net income

$ 22.3

$ 1.5

Shares (in 000s)

44,685

44,359

Adjusted earnings per share

$ 0.50

$ 0.03

and Earnings per Share

Reconciliation of GAAP Net Income to Adjusted EBITDA

Three Months Ended

March 31,

($ in millions)

2012

2011

GAAP Net income attributable to common

shareholders

$ 14.0

$1.5

Interest expense, net of interest income

7.4

8.0

Provision for income taxes

4.8

0.5

Depreciation and amortization

19.7

18.3

EBITDA

$ 45.9

$ 28.3

Restructuring and acquisition charges

9.0

Adjusted EBITDA

$ 54.9

$ 28.3

Jones Lang LaSalle (JLL) 8-KJones Lang LaSalle Reports Revenue Growth of 18 Percent for the First Quarter of 2012