Slide 1: Gazit-Globe Conference Call Presentation Q1 2014 Financial Results
Urbanization, Quality, Growth LOCATION LOCATION LOCATION Gazit-Globe - Conference Call Presentation | Q1 2014 Financial Results May 28, 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 Operational Parameters
1% (CHART) (5%) FFO Per Share FFO NIS millions NIS (CHART) 13% Based on Q1 2013 FX rates, FFO increased by 13% 7% Based on Q1 2013 FX rates, FFO per share increased by 7% NOI Rental Income NIS millions NIS millions Operational Parameters Based on Q1 2013 FX rates, Q1 2014 rental revenues remained st
Slide 5: Resilient Assets with Stable Occupancy
(CHART) (*) Excluding foreign exchange fluctuation. Resilient Assets with Stable Occupancy (CHART) Q1 2014 Same Property NOI Growth (*) Strong Tenant Mix Supermarkets and necessity- driven retailers Organic Growth Regional Breakdown Regional Breakdown (CHART) (CHART)
Slide 6: External Growth: Q1 2014 Investments and Disposals
NIS million 1-3/2014 New properties acquisition 575 Development & redevelopment 326 Total 901 Disposals and recycle of capital 128 Q1 2014 Investment Q1 2014 Disposals (*) Including joint controlled entities Total Investments based on full consolidation (*) External Growth (CHART) (CHART)
Slide 7: Humbertown, Toronto, Canada
Humbertown, Toronto, Canada Received approvals for a full redevelopment of the shopping center into a mixed-use facility with 22,000 sqm retail and commercial uses and 51,000 sqm of residential (vs. the 10,400 sqm existing shopping center today)
Slide 8: Gil Kotler, Senior Executive VP & Chief Financial Officer
Gil Kotler Senior Executive VP & Chief Financial Officer
Slide 9: Financial Results for Q1 2014
3 months ended March 31 3 months ended March 31 3 months ended March 31 (in NIS million except per share data) 2014 2013 Change % Property rental income 1,227 1,340 (8%) NOI 817 883 (7%) NOI margin 66.6% 65.9% - FFO 151 150 1% FFO per share (NIS) 0.86 0.90 (5%) The number of shares used in calculati
Slide 10: Liquidity and Financial Strength
(CHART) Liquidity Leverage Access to Capital Markets 11.2 Bonds NIS Billions NIS 3.5 bn at the company and its private subsidiaries 9.0 24.4% Liquidity and Financial Strength NIS Billions Unencumbered Pool of Assets NIS Billions Atrium Other consolidated Subsidiaries Atrium Consolidated (CHART) (CHA
Slide 11: Change in Fair Value of Investment Property
Change in fair value (pre-tax, Consolidated) Change in fair value (pre-tax, Consolidated) 3 months ended March 31 3 months ended March 31 2014 2013 8 65 (20) 57 44 42 (3) 25 (4) (4) 25 185 (76) 41 Fair Value of Investment Property (NIS million)
Slide 12: Balance Sheet Highlights
As of March 31 As of March 31 (in NIS million except per share data) 2014 2013 Total Assets 68,035 69,846 Investment Properties & Development 56,549 57,778 Interest Bearing Liabilities 38,281 39,890 Total Equity 22,688 22,399 Shareholder's Equity 8,071 7,618 Shareholder's Equity Per Share 45.9 46.1
Slide 13: Well Staggered Debt Maturities
(CHART) Well Staggered Debt Maturities (*) NIS Millions (*) "Expanded Stand Alone Basis", As of March 31, 2014 (CHART) Debt Breakdown NIS 14.2bn Debenture Maturity Schedule
Slide 14: 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: