G City Ltd. · TASE:GCT
G City — Gazit-Globe — Q3 2017 Earnings Presentation
11 slides from G City's earnings presentation, Nov 20, 2017
Slide 1: LOCATION
LOCATION LOCATION LOCATION
Slide 2: Disclaimer
Disclaimer This presenta include forward-looking statements, including forecasts, evaluations, pro forme figures, e other information relating to future events and issues. Forward-looking statements may relate to, among other things, reven capital expenditures and other financial items, ooking state
Slide 3: Dori J Segal, Adi Jemini
Dori J Segal Adi Jemini Executive Vice- Executive Vice- Chairman and CEO President and CFO
Slide 4: Financial Results
Financial Results (in NIS millions (Unaudited) Property rental incor 718 699 2.1% 2,105 2,129 (1.1%) NOI 516 490 5.3% 1,483 1,487 (0.3%) NOI adjusted for exchange rates 516 483 6.8% 1,483 1,413 5.0% @ Economic FFO 186 146 27% 535 426 26% Economic FFO per share (NIS) 0.95 0.74 28% 2.74 2.18 26% o Eco
Slide 5: FFO — Q3 2017 and 9M YTD
FFO — Q3 2017 and 9M YTD Economic FFO per share — Q3 2017 vs. Q3 2016 Nis 0.95 0.90 0-80 0.74 070} ort Based on 30/9/2017] 0.60 | Pk rates 050 0.40 - Eero) as017 Arkady Pankr Prague, Economic FFO — 1-9/2017 vs. 1-9/2016 Nis. 2.90 2.74 1.70 “30/9/2017 0.90 972016 4-912017 TION TION TION
Slide 6: Update of Economic FFO Guidance Upwards and Narrow the Range to 3.53 – 3.59 Per Share
Update of Economic FFO Guidance Upwards and Narrow the Range to 3.53 — 3.59 Per Share Presented below is the 2017 guidance, based on publicly available information and Managements assessments, including the FFO guidance of public investees, where published, and also on assumptions + Exchange and int
Slide 7: Operational Parameters
OPERATIONAL PARAMETERS 1-9/2017 Same property NOI growth Geographic Spread Total 8.0% 75% 4.0% 3.6% ) 27% | i c US-REG Canada- Northern Central Brazil Israel FOR Europe Eastern Europe Resilient assets with stable occupancy Total Geographic Spread 25.5%... 95 396 rh 90.2% 96.6% th 96.8% 95.4% 95.3% 9
Slide 8: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS (in NIS million Total Assets 49,536 86,887 Investment Properties & Development 35,847 78,679 Interest Bearing Debt, Net 26,009 42,591 Shareholder’s Equity Per Share 48.4 EPRA NAV per share Net Debt to Total Assets (LTV consolidated) Net Debt to Total Assets (LTV Expanded Sol
Slide 9: Liquidity and financial strength
Liquidity and financial strength Liquidity © Ns bilions 7.0 Consolidated }F subsidiaries The company and its rivate subsidiaries 30/9/2017 Lines of Credit USD billions 1.3 14 |= | 12/31/2016 9/30/2017 international banks = Local banks Cash and Unutilized ¢redit fact Leverage Consolidated Expanded So
Slide 10: Well staggered debt maturity schedule — Expanded Solo
Well staggered debt maturity schedule — Expanded Solo Debenture Maturity Schedule) NIS Miligns 13.8% 2.6% 8.0% as 10.2% 1,511 > 5% , | A 291 4,179 - 1,202 996 aya 1,050 1845 1,123 4 289 i Tr [ ix ~e L] a = - 20172018 ©2019-2020 «202 a 2023 2024 = 2026” 2027 and After 11a | | stem || 5.76% | | stm |
Slide 11: Contact Information
Contact Information Adi Jemini EVP & CFO +972.3.6948000 Doron Lavi Segelson Head of Investor Relations dlavi@gazitgroup.com +972.3.6948037