G City Ltd. · TASE:GCT
G City — Gazit-Globe — Q1 2016 Earnings Presentation
11 slides from G City's earnings presentation, May 26, 2016
Slide 1: The Evolution of a Global Retail Champion
G ‘Gaar-GLone THE EVOLUTION OF A GLOBAL RETAIL CHAMPION Gazit-Globe |=)conference Gall Presentation Q42016 Financial Results, may,26, 2016 LOCATION LOCATION LOCATION
Slide 2: Disclaimer
LOCATION LOCATION Disclaimer LOCATION Surr-cioee 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 fl
Slide 3: Presenters: CEO and CFO
LOCATION LOCATION LOCATION Rachel Lavine Adi Jemini CEO CFO
Slide 4: Financial Results for Q1 2016
LOCATION vocArion | Financial Results for Q1 2016 LOCATION n except per share data) Property rental income Nol NO! margin FFO FFO per share (NIS) The number of shares used in calculating the diluted FFO per share (mm) Cash flow from operating activities Fair value gain on investment property Net inc
Slide 5: Operational Results — Q1/2016
Operational Results — Q1/2016 Rental Income NIS millions IS millions Based on 01/2015 FX rates, Q1/2016 Rees eneEEERE 4/2016 NOI increased by 7.9% 1,028 1,052 Qi/2015 Q1/2016 Q1/2015 Q1/2016 FFO Per Share NIs Based on Q1/2015 FX rates, FFO Based on Q1/2015 FX rates, FFO decreased by5.6% per share de
Slide 6: Operational Parameters
Operational Parameters Q1 201 ime Pro| NOI Growth (*) Regional Breakdown Total 2.3% (69%) usA Canada North Europe CEE Beh OReeeh ient Assets with Stable Occupancy Regional Breakdown 95.6% 95.6% 95.2% 96.2% 95.6% 95.0% 95.9% 96.2% 96.7% 95.8% USA Canada North Europe CEE =r sainaro1s +31/122016 LOCATI
Slide 7: Fair Value of Investment Property
vocAvion | Fair Value of Investment Property LOCATION azir-GLoBE Change in fair value (pre-tax, Consolidated) Quarter ended March 31 (NIS million)
Slide 8: Balance Sheet Highlights
LOCATION .ocAvion | Balance Sheet Highlights LOCATION (in NIS million except per share data) As of March 31 2016 As of December 31 2015 GaTIT-GL.OBE Total Assets Investment Properties & Development Interest Bearing Debt, Net Total Equity Shareholder’s Equity Shareholder’s Equity Per Share EPRA NAV p
Slide 9: Liquidity and Financial Strength
LOCATION vocanion | Liquidity and Financial Strength LOCATION Liquidity Leverage NS Bitions 10.4 consolidated Subsidiaries 50.8% } atthe company and its private March 31, 2016 subsidiaries December 31, 2015 March 31, 2016 red Pool of Assets Nis Billions 80.0% of investment property December 31,2015
Slide 10: Well Staggered Debt Maturity Schedule
Well Staggered Debt Maturity Schedule “ Debt Breakdown Total Debt NIS 15.3bn Debentures Weighted average debt maturity: 5.1 years Average interest rate: 4.9% Debenture Maturity Schedule NIS Millions 2,090 i 2 1,057 929 oes 990 288 ia Be = 2016 2017.08 2019 2020 2021 2022 2023 2024 2025 2026 and Afte
Slide 11: Good Things Happen When You Own Good Real Estate
GOOD THINGS HAPPEN WHEN YOU _ OWN GOOD REAL ESTATE