G City Ltd. · TASE:GCT
G City — Gazit-Globe — Q2 2017 Earnings Presentation
11 slides from G City's earnings presentation, Aug 22, 2017
Slide 1: Q2 2017 Financial Results – August 22, 2017
LOC A TION LOC A TION LOC A TION TM G Zameret , Tel Aviv Q 2 2017 Financial Results – August 22 , 2017
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: Financial Results
Page 4 LOC A TION LOC A TION LOC A TION FINANCIAL RESULTS 3 months ended June 30 6 months ended June 30 (in NIS millions except per share data) Change % Change % Property rental income ( ) NOI 490 505 967 997 ( 0 ) NOI adjusted for exchang
Slide 5: FFO - Q2 2017 and 6M YTD
Page 5 LOC A TION LOC A TION LOC A TION 1.43 1.78 0.90 1.00 1.10 1.20 1.30 1.40 1.50 1.60 1.70 1.80 1.90 H1/2016 H1/2017 FFO - Q 2 2017 and 6 M YTD Economic FFO per share – Q 2 2017 vs. Q 2 2016 NIS Economic FFO – H 1 2017 vs. H 2 2016 Yorkville Village, Toronto , Canada 0.73 0.89 0.40 0.50 0.60 0
Slide 6: Update of Economic FFO Guidance Upwards and Narrow the Range to 3.25 – 3.32 Per Share
Page 6 LOC A TION LOC A TION LOC A TION Update of Economic FFO Guidance Upwards and Narrow the Range to 3.25 – 3.32 Per Share Full Year 2017 Updated Guidance Full Year 2017 Previous Guidance - 6 / 17 Actual - 6 / 17 Actual – – Economic FFO (NIS in million) –
Slide 7: Operational Parameters
Page 7 LOC A TION LOC A TION LOC A TION OPERATIONAL PARAMETERS 95.6 % 94.9 % 95.4 % 95.0 % 96.2 % 96.6 % 92.6 % 96.5 % 95.0 % 95.0 % 96.3 % 95.5 % 92.6 % 92.5 % USA Canada Northern Europe CEE Brazil Israel 31/12/2016 30/06/2017 Resilient assets with stable occupancy H 1 2017 Same property NOI growth
Slide 8: Balance Sheet Highlights
Page 8 LOC A TION LOC A TION LOC A TION As of June 30 As of December 31 (in NIS million except per share data) Total Assets 47 Investment Properties & Development 33,904 78 Interest Bearing Debt, Net 25,433 Total Equity Shareholder’s Equity 9 8
Slide 9: Liquidity and Financial Strength
Page 9 LOC A TION LOC A TION LOC A TION LIQUIDITY AND FINANCIAL STRENGTH 3.5 3.3 30/6/2017 Liquidity ( 1 ) Unencumbered Pool of Assets ( 2 ) Leverage NIS billions 50.1 % 54.1 % 12/31/2016 6/30/2017 USD billions NIS billions T he company and its private subsidiaries C onsolidated s ubsidiaries 39
Slide 10: Well Staggered Debt Maturity Schedule
Page 10 LOC A TION LOC A TION LOC A TION WELL STAGGERED DEBT MATURITY SCHEDULE 289 1,343 1,520 1,186 1,001 878 1,055 1,207 490 945 1,119 3 % 12 % 13 % 11 % 9 % 8 % 10 % 11 % 4 % 9 % 10 % 2% 4% 6% 8% 10% 12% 14% 0.0 500.0 1,000.0 1,500.0 2,000.0 2,500.0 3,000.0 2017 2018 2019 2020 2021 2022 2023 2024
Slide 11: Contact Information
Page 11 LOC A TION LOC A TION LOC A TION G Tel Baruch, Tel Aviv Contact Information Adi Jemini CFO & EVP + 972.3.6948000 Doron Lavi Segelson Head of Investor Relations dlavi@gazitgroup.com + 972.3.6948037