Slide 1: Conference Call Presentation Q4 & Year-End 2013 Financial Results
Urbanization, Quality, Growth LOCATION LOCATION LOCATION Gazit-Globe - Conference Call Presentation | Q4 & Year-End 2013 Financial Results March 26, 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 ‘nart-c.oet Roni Soffer President
Slide 4: Strong Performance
Strong Performance (CHART) Liquidity Leverage 9.6 At the company and its private subsidiaries 8.2 NIS Billions FFO Per Share FFO (CHART) (CHART) NIS millions NIS 8.3 6.5 CAGR +10.3% CAGR +17.7% CAGR +13.9%, (Solo level +22.6%) Decrease -5.7% (CHART)
Slide 5: Resilient Assets with Stable Occupancy
(CHART) (*) Excluding foreign exchange fluctuation. Resilient Assets with Stable Occupancy (CHART) 2013 Same Property NOI Growth (*) Strong Tenant Mix Supermarkets and necessity- driven retailers Organic Growth (CHART) (CHART) Regional Breakdown Regional Breakdown
Slide 6: Occupancy and Same Property NOI Growth 2008-2013
(*) Excluding foreign exchange fluctuation (CHART) 2008 - 2013 Occupancy 2008 - 2013 Same Property NOI Growth (*) Average: 3.4% (CHART) Average: 94.4% (figures in %) (figures in %) Organic Growth 2008 - 2013
Slide 7: External Growth
(CHART) (CHART) (CHART) NIS million 10-12/2013 1-12/2013 New properties acquisition 455 4,809 Development & redevelopment 638 2,054 Total 1,093 6,863 Disposals and recycle of capital 430 2,197 10-12/2013 Investment 1-12/2013 Investment 1-12/2013 Disposals (*) Including joint controlled entities Tota
Slide 8: The Power of Urbanization
The Power of Urbanization (1) Source: United Nations, World Population Prospects The 2012 Revision. Information is based on data for USA, Canada, Israel, Czech Republic, Poland, Finland, Sweden, Estonia, Brazil (2) Source: OECD (stats.oecd.org). Data as of 2010 for cities in USA, Canada, Czech Repub
Slide 9: Urbanization, Quality, Growth
As percentage of total assets Number of assets with value > US$ 100 million Urbanization, Quality, Growth 2008 2013 45 2008 2013 17% 38% 10 Note: Calculation is based on December 2008 financial statements and December 2013 financial statements with full inclusion of the value of properties managed b
Slide 10: Long-Term Value Creation
(CHART) Long-Term Value Creation Average Annual Return of 17.3% since 2000 (*) (*) Data from December 31st, 1999 through December 31st, 2013 Dividend Per Share (NIS) CAGR 10.7% Consistent & Growing Dividends for 15 Years (CHART)
Slide 11: Gil Kotler, Chief Financial Officer
Gil Kotler Senior Executive VP & Chief Financial Officer
Slide 12: Financial Results for 2013
12 months ended December 31 12 months ended December 31 12 months ended December 31 (in NIS million except per share data) 2013 2012 Change % Property rental income 5,146 5,249 (2%) NOI 3,457 3,544 (2%) NOI margin 67.2% 67.5% - FFO 585 533 10% FFO per share (NIS) 3.41 3.23 6% The number of shares us
Slide 13: Operational Parameters
(2%) NOI FFO Per Share Rental Income FFO NIS millions NIS millions NIS millions NIS (CHART) Operational Parameters (CHART) (CHART) (CHART) (2%) Based on 2012 FX rates, 2013 rental revenues increased by 4% Based on 2012 FX rates, 2013 NOI increased by 4% 4% 4% 10% 21% Based on 2012 FX rates, 2013 FFO
Slide 14: Financial Results for Q4 2013
3 months ended December 31 3 months ended December 31 3 months ended December 31 (in NIS million except per share data) 2013 2012 Change % Property rental income 1,269 1,370 (7%) NOI 855 911 (6%) NOI margin 67.4% 66.5% - FFO 147 137 7% FFO per share (NIS) 0.84 0.83 1% The number of shares used in ca
Slide 15: Liquidity and Financial Strength
(CHART) (CHART) Liquidity Leverage (CHART) Access to Capital Markets 11.1 Equity Bonds and Convertible Bonds NIS Billions NIS 3.5 bn at the company and its private subsidiaries 9.2 20.4% Liquidity and Financial Strength NIS Billions Average yield of 4.08% and 8.3 years to maturity Unencumbered Pool
Slide 16: Fair Value of Investment Property
(NIS million) Change in fair value (pre-tax, Consolidated) Change in fair value (pre-tax, Consolidated) Change in fair value (pre-tax, Consolidated) Change in fair value (pre-tax, Consolidated) (NIS million) 3 months ended December 31 3 months ended December 31 12 months ended December 31 12 months
Slide 17: Balance Sheet Highlights
As of December 31 As of December 31 (in NIS million except per share data) 2013 2012 Total Assets 68,088 71,062 Investment Properties & Development 56,399 59,753 Interest Bearing Liabilities 38,167 40,834 Total Equity 22,819 22,649 Shareholder's Equity 8,009 7,849 Shareholder's Equity Per Share 45.6
Slide 18: Well Staggered Debt Maturities
(CHART) Well Staggered Debt Maturities (*) NIS Millions (*) "Expanded Stand Alone Basis", As of December 31, 2013 (CHART) Debt Breakdown NIS 14.6bn Debenture Maturity Schedule
Slide 19: 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: