G City Ltd. · TASE:GCT
G City — Gazit-Globe — Q1 2017 Earnings Presentation
11 slides from G City's earnings presentation, May 23, 2017
Slide 1: Q1 2017 Financial Results – May 23, 2017
LOC A TION LOC A TION LOC A TION GOOD THINGS HAPPEN WHEN YOU OWN GOOD REAL ESTATE Q1 2017 Financial Results – May 23, 2017 Extra Itaim , Sao Paulo
Slide 2: Disclaimer
Page 2 LOC A TION LOC A TION LOC A TION DISCLAIMER This presentation may include forward - looking statements, including forecasts, evaluations, pro forma figures, estimates and oth er information relating to future events and issues. Forward - looking statements may relate to, among other things, r
Slide 3: Presenters: Adi Jemini and Dor J. Segal
Page 3 LOC A TION LOC A TION LOC A TION Adi Jemini Executive Vice - President and CFO Dor J. Segal Executive Vice - Chairman and CEO
Slide 4: Business Strategy and Public Investments Share of Asset Value
Page 4 LOC A TION LOC A TION LOC A TION Gazit - Globe ’ s % of Asset Value Represented by Public Investments 76 % 31 / 12 / 2015 81 % 31 / 3 / 2017 BUSINESS STRATEGY Create value by owning and developing the best necessity - based retail in major urban markets globally, with a strategy that is incre
Slide 5: Financial Results for Q1 2017
Page 5 LOC A TION LOC A TION LOC A TION FINANCIAL RESULTS FOR Q 1 2017 3 months ended March 31 (in NIS millions except per share data) Change % Property rental income NOI 477 493 NOI adjusted for exchange rates 477 462 3.2% Economic FFO Economic FFO per share
Slide 6: FFO – Q1 2017
Page 6 LOC A TION LOC A TION LOC A TION FFO – Q1 2017 Economic FFO per share – Q 1 2017 vs. Q 1 2016 0.70 0.89 0.40 0.50 0.60 0.70 0.80 0.90 Q1/2016 Q1/2017 FFO per share NIS 137 174 100 110 120 130 140 150 160 170 Q1/2016 Q1/2017 FFO NIS millions Economic FFO – Q1 2017 vs. Q1 2016
Slide 7: Operational Parameters
Page 7 LOC A TION LOC A TION LOC A TION OPERATIONAL PARAMETERS 95.5% 94.9 % Total 95.8 % 95.0 % 96.2 % 96.6 % 92.6 % 96.5 % 95.3% 94.5 % 96.0 % 95.4 % 91.9 % 95.7 % USA Canada Northern Europe CEE Brazil Israel 31/12/2016 31/03/2017 Resilient assets with stable occupancy Q 1 2017 Same property NOI gr
Slide 8: Balance Sheet Highlights
Page 8 LOC A TION LOC A TION LOC A TION As of March 31 As of December 31 (in NIS million except per share data) Total Assets 48,347 Investment Properties & Development 33,569 78 Interest Bearing Debt, Net Total Equity 17,07 Shareholder’s Equity 9,084 8,1
Slide 9: Liquidity and Financial Strength
Page 9 LOC A TION LOC A TION LOC A TION 3.4 3.4 31/3/2017 LIQUIDITY AND FINANCIAL STRENGTH 85.8 % 3/31/2017 Liquidity ( 1 ) Unencumbered Pool of Assets ( 2 ) Leverage NIS billions 50.1 % 53.7 % 12/31/2016 3/31/2017 USD billions NIS billions T he company and its private subsidiaries C onsolidated
Slide 10: Well Staggered Debt Maturity Schedule
Page 10 LOC A TION LOC A TION LOC A TION 759 1,338 1,508 1,177 993 879 1,052 1,204 492 947 1,129 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 and After NIS Millions Debenture Maturity Schedule ▪ Weighted average debt maturity: 4.84 years ▪ Average interest rate: 4.73 % WELL STAGGERED DEBT
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