Slide 1: Conference Call Presentation Q2 2014 Financial Results
Urbanization, Quality, Growth LOCATION LOCATION LOCATION Gazit-Globe - Conference Call Presentation | Q2 2014 Financial Results September 2, 2014
Slide 2: Disclaimer
Disclaimer This presentation may include forward-looking statements, including forecasts, evaluations, estimates and other information relating to future events and issues. Forward-looking statements may relate to, among other things, revenues, earnings, cash flows, capital expenditures and other fi
Slide 3: Roni Soffer, President
LOCATION LOCATION Sarr-aoet Roni Soffer President
Slide 4: FFO, NOI and Rental Income Q2 2014
15% (CHART) 8% FFO Per Share FFO NIS millions NIS (CHART) 22% Based on Q2 2013 FX rates, FFO increased by 22% 15% Based on Q2 2013 FX rates, FFO per share increased by 15% NOI Rental Income NIS millions NIS millions Operational Parameters (5%) (CHART) (4%) 1% (CHART) 1% Q2 2013 ? Q2 2014 Average cur
Slide 5: Resilient Assets with Stable Occupancy
(*) Excluding foreign exchange fluctuation. Resilient Assets with Stable Occupancy (CHART) H1 2014 Same Property NOI Growth (*) Strong Tenant Mix Supermarkets and necessity- driven retailers Organic Growth Regional Breakdown Regional Breakdown (CHART) (CHART) (CHART)
Slide 6: External Growth: Investments and Disposals
NIS million 4-6/2014 1-6/2014 New properties acquisition 161 734 Development & redevelopment 457 786 Total 618 1,520 Disposals and recycle of capital 878 1,006 (*) Including joint controlled entities Total Investments based on full consolidation (*) External Growth (CHART) 1-6/2014 Investment 1-6/20
Slide 7: ProMed - Recycle Capital Process
ProMed - Recycle Capital Process Hackensack, NJ Manhattan, NY Arlington, VA Philadelphia, PA Boston, MA Miami, FL White Plains, NY Baltimore, MD Properties Sold Remaining Properties YTD 2014 Sale Price $405mm Current IFRS Value $175mm Since 2012 the group recycled capital and sold $582mm(1) of its h
Slide 8: Brazil - Latest Development
Brazil - Latest Development Top Center, GLA: approx. 6,400 Sqm - Cost: R$ 145 M Extra Itaim, GLA: approx. 18,000 Sqm Market Value: R$ 120 M (70%) Annual Average Income (5km): R$ 150,000 Population (5km): 1,075,000 Annual Average Income (5km): R$ 180,000 Population (5km) : 1,200,000 Based on the valu
Slide 9: Gil Kotler, Chief Financial Officer
Gil Kotler Senior Executive VP & Chief Financial Officer
Slide 10: Financial Results for Q2 2014
3 months ended June 30 3 months ended June 30 3 months ended June 30 (in NIS million except per share data) 2014 2013 Change % Property rental income 1,226 1,286 (5%) NOI 832 865 (4%) NOI margin 67.9% 67.3% - FFO 163 142 15% FFO per share (NIS) 0.92 0.85 8% The number of shares used in calculating t
Slide 11: Financial Results for H1 2014
6 months ended June 30 6 months ended June 30 6 months ended June 30 (in NIS million except per share data) 2014 2013 Change % Property rental income 2,453 2,626 (7%) NOI 1,649 1,748 (8%) NOI margin 67.2% 66.6% - FFO 313 291 8% FFO per share (NIS) 1.78 1.75 2% The number of shares used in calculatin
Slide 12: Liquidity, Leverage and Access to Capital Markets
(CHART) Liquidity Leverage Access to Capital Markets 12.1 Bonds NIS Billions NIS 3.1 bn at the company and its private subsidiaries 12.2 Liquidity and Financial Strength NIS Billions Unencumbered Pool of Assets NIS Billions Atrium Other consolidated Subsidiaries Atrium Consolidated (CHART) (CHART) (
Slide 13: Change in Fair Value of Investment Property
Change in fair value (pre-tax, Consolidated) Change in fair value (pre-tax, Consolidated) 3 months ended June 30 3 months ended June 30 2014 2013 109 113 139 148 7 11 (10) (59) (4) 9 241 222 (88) (4) Fair Value of Investment Property (NIS million)
Slide 14: Balance Sheet Highlights
As of June 30 As of June 30 As of December 31 (in NIS million except per share data) 2014 2013 *) 2013 *) Total Assets 68,307 68,648 67,927 Investment Properties & Development 56,107 56,566 56,399 Interest Bearing Liabilities 37,673 38,783 38,167 Total Equity 23,049 22,403 22,353 Shareholder's Equit
Slide 15: Well Staggered Debt Maturities
(CHART) Well Staggered Debt Maturities (*) NIS Millions (*) "Expanded Stand Alone Basis", As of June 30, 2014 (CHART) Debt Breakdown NIS 14.0bn Debenture Maturity Schedule
Slide 16: For More Information
1 HaShalom Rd. Tel Aviv 67892, Israel Tel: +972 3 694 8000, E-mail: IR@GazitGroup.com GOOD THINGS HAPPEN WHEN YOU OWN GOOD REAL ESTATE For More Information: