G City Ltd. · TASE:GCT
G City — Investor Presentation (June 2023)
28 slides from G City's investor presentation, June 2023
Slide 1: Company Presentation June 2023
THE HEART OF IT. COMPANY PRESENTATION JUNE 2023 THE HEART OF IT.
Slide 2: About G City 2023
THE THEHEART HEARTOF OFIT.IT. About G City 2023 NIS 37 Million 13.9+% 95.0% Increase of same Occupancy Value of Investment and store NOI in 2023 Rate Development Real Estate CPI Linked Lease Lease Agreements Agreements Above 90% ~7,000 135 101 2,950 Supermarkets in Assets Units for Rent in Portfolio
Slide 3: Urban Asset Portfolio Providing Daily Needs and Integrating Residential for Rent
URBAN ASSET PORTFOLIO PROVIDING DAILY NEEDS THE HEART OF IT. AND INTEGRATING RESIDENTIAL FOR RENT Geographic Diversification Tenant Mix Based on Based on Proportionate Proportionate NOI Quality Assets Portfolio Investment Property Value Supermarket Anchored Assets in Densely Populated Urban Areas, N
Slide 4: About Us
THE THEHEART HEARTOF OFIT. IT. ABOUT US 21.9 Billion NIS Investment Portfolio - Expanded Solo NIS 21.9 Billion Investment in Investment in Private Companies Public Companies NIS 3.2 Billion NIS 18.7 Billion Light train Station Under Construction NIS 3.2 Billion NIS 8.5 Billion NIS 4.8 Billion NIS 2.
Slide 5: First Quarter of 2023: Key Items in Wholly Owned Companies
First Quarter of 2023 THE HEART OF IT. Key Items in Wholly Owned Companies Israel North America Brazil Central Europe Total GLA (‘000 SQM) 161 118 176 647 1,102 # of Income Producing Assets1 13 19 7 22 61 Occupancy Rate 98.0% 94.6% 96.3% 94.0% 94.5% Investment Property (NIS Million) 1 3,526 2,463 2,
Slide 6: Disposition Plan for Non-Core Assets (Expanded Solo)
Disposition Plan for Non-Core Assets (Expanded Solo) THEHEART THE HEART OF OF IT. IT. Status of Asset Sales Since October 2022 Completed or Under In Advanced Stages of NIS Millions In Marketing Binding Agreements Negotiations G Europe 1,780 1,025 2,073 Israel 154 - 145 Gazit Horizons 528 - - Gazit B
Slide 7: Strategy
Strategy THE HEART OF IT. G City Organic growth of standing portfolio Use of rights and Focus on urban expansion of assets in densely existing assets populated areas Purchase, initiation and development of new assets 7
Slide 8: G City a Retail and Office Tower Approx. 65,000 SQM
G CITY THE HEART OF IT. THE HEART OF IT. Rishon Lezion, Israel G-1 G-fashion Fortress Asset G-2 G City a Retail and Office Tower • Privately held 80,000 sqm GLA property on a land of Approx.65,000 SQM CINEMA CITY approximately 19.7 acre • Rishon Lezion, the fourth largest city in Israel in part of 6
Slide 9: G City Rishon Lezion, Israel
THE THE HEART HEART OF OF IT. G CITY G City Rishon Lezion, Israel 20 80 1,655 Acres Thousand SQM Million NIS, Land Area GLA Market Value Anchor Tenants 130 שוכרי עוגן 1 Million residents # Number of in 10km radius Tenants Potential for Development To develop 4 mixed-use buildings (office tower, re
Slide 10: G City a Retail and Office Tower Approx. 65,000 SQM
THE HEART OF IT. THE HEART OF IT. G City a Retail and Office Tower Approx.65,000 SQM 65,000 Uses: Retail and 100% Offices Company GLA (sqm) Ownership Q1/2026 Expected finish date An addition to the existing property in G-City Rishon Lezion, located on a private land in an area of approx.20 acres, ow
Slide 11: In zoning process to develop additional mixed-use buildings
THE HEART OF IT. In zoning process to develop additional 3 mixed-use buildings (173 thousands SQM) 11
Slide 12: Promenada Transformation Process
THE HEART OF IT. G City PROMENADA TRANSFORMATION PROCESS Warsaw, Poland PROMENADA | WARSAW 12 12
Slide 13: Promenada Transformation Process
THE HEART OF IT. PROMENADA TRANSFORMATION PAST TODAY PROCESS Warsaw, Poland PROMENADA | WARSAW 13
Slide 14: Promenada: Transformation to Community Centre
THE HEART OF IT. PROMENADA Warsaw, Poland TRANSFORMATION TO COMMUNITY CENTRE • Internal refurbishment and re-tenanting of retail/office buildings to be completed in 2023 • Commenced development of first residential for lease buildings, with first units ready in 2024 • 2,000 new co-living homes New N
Slide 15: U.S.A - Brickell Gateway, Miami
U.S.A- Brickell Gateway, Miami THE HEART OF IT. 15 15
Slide 16: Brickell | Miami
DEVELOPMENT OF A 52-STORY BUILDING ABOVE THE COMMERCIAL, THE HEART OF IT. BRICKELL | MIAMI A REQUEST TO EXPAND THE BUILDING RIGHTS TO APPROX.500 UNITS WAS APPROVED. BRICKELL GATEWAY 760 Residential Units 352 Hotel Rooms Retail 560,000 sqm Offices Offices 260,000 sqm 450 Residential 286,000 sqm Units
Slide 17: Residential for Rent Activity This Period
Residential for Rent Activity This Period THE HEART OF IT. Acquiring In planning Acquiring In construction In construction 262 Approx.500 243 Approx.800 200 600 income producing units destinated to units in planning units for leasing units units destinated to units leasing (adjacent to leasing Prome
Slide 18: Residential for Rent - Brickell, Miami, Florida
THE HEART OF IT. Residential for Rent - Brickell, THEMiami, HEART OF IT. Florida G City Location: Brickell, 262 Miami, Florida Units for Rent 100% Occupancy Rate A residential building in Brickell, Miami, Florida. The property is 19 The property includes of 262 stories high and has an residential un
Slide 19: Residential for Rent - Tel Hashomer, Ramat Gan
THE HEART OF IT. Residential for Rent - Tel Hashomer, THE HEART OF IT. Ramat Gan G City Long term residential 243 4 project Units for Rent Buildings G City won the ‘Rent an Apartment’ auction for planning, construction and management of a residential for long term rent center, for a period of 20 yea
Slide 20: Residential For Rent - Warsaw and Krakow
Residential For Rent - Warsaw and Krakow THE HEART OF IT. G City The properties are Accumulate future An acquisition of 650 residential located in Warsaw The target audience are purchases in the short and Kraków, to medium term in units in two properties Poland young people with free professions maj
Slide 21: Latest Acquisition - AER Tampa
Latest Acquisition - AER TAMPA THE HEART OF IT. Tampa, Florida Under Construction 334 12 94% Units for lease USD Million Holdings NOI in a stable year 175 270 2024 USD Million USD Million Expected Expected Expected value in a Completion construction cost stable year The company is developing togethe
Slide 22: Results and Financial Data First Quarter 2023
THE HEART OF IT. Results and Financial Data First Quarter 2023 TARGOWEK | WARSAW 22 22
Slide 23: First Quarter of 2023: Main Results
First Quarter of 2023 THE HEART OF IT. Main Results NIS Millions 1-3/23 1-3/22 Change Proportionate NOI 343 306 12.1% Same Store NOI 285 250 13.9% FFO according to the management approach 92 64 43.8% FFO according to the Securities Authority approach 3 )58( CPI linkage and exchange rate differences
Slide 24: Financial Strength
Financial Strength THE HEART OF IT. Key Items As of March 31, 2023 68.0% 61.0% 3.7 3.69% Years Net Debt to Total Net Debt to Total Average Interest Assets Assets Debt Weighted Rate of Debt (Expanded Solo) (Consolidated) Duration (Expanded Solo) (Expanded Solo) Financial Flexibility Liquidity (NIS Bi
Slide 25: Bond Maturity Schedule (Expanded Solo)
Bond Maturity THE HEART OF IT. Schedule (Expanded Solo) Bond Maturity 3,300 24.9% 22.8% 25.0% Schedule Inc. 2,800 2,692 2,458 20.0% G City Europe 2,300 1,570 1,140 As of March 31, 2023 1,800 15.0% 10.6% G City Europe 11.2% 10.8% 3.2 Years 1,300 9.2% 1,149 G City 10.0% 1,318 7.4% 1,212 1,164 1,149 We
Slide 26: Composition of Financial Debt
Composition of Financial Debt THE HEART OF IT. Approx. 87% of group financial debt has a fixed interest rate Non linked debt Group Proportionate Debt Including Citycon 67% 61% Of proportionate Of group’s debt debt is non is non linked linked *The figures are after the effect of hedging transactions
Slide 27: Disclaimer
THE HEART OF IT. DISCLAIMER This presentation includes the company's estimates that constitute forward-looking information as defined in Section 32A of the Securities Law (5778 - 1968), including forecasts, estimates, estimates, financial and operational data referring to future events whose realiza
Slide 28: Contact Information
THE HEART OF IT. THE HEART OF IT. CONTACT INFORMATION: Adi Jemini EVP & CFO Or Ackerman Head of Capital Markets oackerman@G-City.com +972.3.6948000 ARKADI PANKRAC | PRAGUE