G City Ltd. · TASE:GCT
G City — Gazit-Globe — FY2015 Earnings Presentation
14 slides from G City's earnings presentation, Apr 4, 2016
Slide 1: The Evolution of a Global Retail Champion
LOCATION LOCATION LOCATION THE EVOLUTION OF A GLOBAL RETAIL CHAMPION ALR Pep Gazit-Globe = Conference Call Presentation Year-End 2015 Financial Results March 31, 2016
Slide 2: Disclaimer
LOCATION LOCATION Disclaimer LOCATION Surr-cioee 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 fl
Slide 3: Presenters: CEO and CFO
LOCATION LOCATION LOCATION Rachel Lavine Adi Jemini CEO CFO
Slide 4: Financial Results for 2015
LOCATION .ocAvion | Financial Results for 2015 LOCATION Year Ended December 31 GaTIT-GL.OBE in except per share data) Property rental income Nol NO! margin FFO FFO per share (NIS) The number of shares used in calculating the diluted FFO per share (mm) Cash flow from operating activities Fair value g
Slide 5: Financial Results for Q4 2015
LOCATION vocArion | Financial Results for Q4 2015 LOCATION 3 months ended December 31 GaTIT-GL.OBE in except per share data) Property rental income Nol NO! margin FFO FFO per share (NIS) The number of shares used in calculating the diluted FFO per share (mm) Cash flow from operating activities Fair
Slide 6: Operational Results — 2015
Operational Results — 2015 Rental Income NIS millions IS millions Based on 2014 FX rates, 2015 Based on 2014 FX rates, 2015 rental income increased by 31% Nol increased by 3196 2014 2015 2014 2015 FFO Per Share NIs Based on 2014 FX rates, Based on 2014 FX rates, FFO per FFO increased by 17% share In
Slide 7: Operational Parameters Same Property NOI Growth
Operational Parameters 015 Same Property NOI Growth ( Regional Breakdown Total 38% 4% 2.40% 1.1% (10.6%) 0.50% i — uUsA Canada North Europe CEE =Total = Ex-Russia Resilient Assets with Stable Occupancy Regional Breakdown 95.9% 95.8% 94.9% 96.0% 95.0% 94.0% 96.3% E 97.1% _ 969% Canada North Europe To
Slide 8: Fair Value of Investment Property
vocAvion | Fair Value of Investment Property LOCATION azir-GLoBE Change in fair value (pre-tax, Consolidated) Year ended December 31 (NIS million)
Slide 9: Balance Sheet Highlights
LOCATION .ocAvion | Balance Sheet Highlights LOCATION in NIS rail n except per share dat Total Assets Investment Properties & Development Interest Bearing Debt, Net Total Equity Shareholder’s Equity Shareholder’s Equity Per Share EPRA NAV per share Net Debt to Total Assets Average nominal interest r
Slide 10: Currencies Effect
Currencies Effect hareholder’ Change 10,000 Equity During 2015 Sharaholde’s Ofer 2015 Equltyssues Other (Wet) Currency fect Ditrbuted Losin Dot Eeuity- Dee, LOCATION LOCATION LOCATION (We) Dividend Grup G ‘caar-ci0t 2014 » 2015 ‘Average Year-End St. = @) BG co cam @ Gos wn @ Fem som 10
Slide 11: Liquidity and Financial Strength
LOCATION vocanion | Liquidity and Financial Strength LOCATION Liquidity Leverage 10.4 Subsidiaries ME fcc December 31, 2015 subsidiaries December 31,2014 December 31, 2015 Access to Capital Markets — 2015. Unencumbered Pool of Assets Equity 81.7% of \ investment Bonds property “ December 31,2014 Dec
Slide 12: Dividend and Buyback
Dividend and Buyback 2.00 1.84 Dividend: tat = The Company declared a quarterly cash dividend of 150 NIS 0.46 per share and updated its dividend policy for De) 2016. 1.00 « For each of the next three quarters of 2016 the company will distribute a quarterly cash dividend of NIS 0.35 per share 0.50 Bu
Slide 13: Well Staggered Debt Maturity Schedule
Well Staggered Debt Maturity Schedule “ Debt Breakdown = Weighted average debt maturity: 5.4 years Total Debt NIS15.5bn = Average interest rate: 4.9% \ Debentures Debenture Maturity Schedule NIS Millions 2,102 1390 1523 once 4,000 i 066 781 a ai ia a 2016 2017 2019 2020 2021 2022 2023 2024 2025 2026
Slide 14: Good Things Happen When You Own Good Real Estate
=e | 1] GOOD THINGS HAPPEN WHEN YO “OWN GOOD REAL ESTATE — ARKADY PANKRAC