G City Ltd. · TASE:GCT
G City — Gazit-Globe — FY2017 Earnings Presentation
13 slides from G City's earnings presentation, Mar 28, 2018
Slide 1: Great Things Happen When You Own Great Real Estate
LOC A TION LOC A TION LOC A TION TM Great Things Happen When You Own Great Real Estate G City, Rishon Lezion , Israel Investor Conference – Financial Results 2017
Slide 2: Forward-looking statements
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, revenues, earnings, cash flows, capital expendi ture
Slide 3: Execution of Our Business Strategy
31/12/2016 Today Execution of Our Business Strategy Large Increase in Private Real Estate Portfolio Billion NIS Billion NIS 35 % 33 % 32 % Private Investing NIS 1.4 billion in our private real estate portfolio, increase of approx. 26 % Sold shares of Regency Centers and First Capital for
Slide 4: Asset Value Concentrated in Major Cities
69 % of Gazit ’ s Asset Value is Concentrated In 14 Major Cities * Focus on Major Cities Across the Globe in Densely Populated Urban Areas Sao Paulo Assets US MSA: New York, Miami & Boston Assets Stockholm, Helsinki, Oslo, Tallin , Tampere & Copenhagen Assets CEE
Slide 5: Portfolio Quality - Weighted Average Cap Rate
Portfolio Quality Weighted Average Cap Rate Sao Paulo North America Nordics Central Eastern Europe Israel Weighted average cap rate based on Gazit - Globe proportionate NOI in group ’ s subsidiaries excluding Regency Centers Excluding Russia - 5.9 %
Slide 6: Financial Results
Financial Results G Kfar Saba Israel
Slide 7: 2017 - Main Results
41.7 51.4 31/12/2016 31/12/2017 62.0 % 53.4 % 12/31/2016 12/31/2017 2017 - Main Results (1) The Economic FFO is presented according to the management approach and in accordance with the EPRA guidance and includes Gazit ’ s Proportionate share in Regency ’ s FFO LTV (expanded solo) - Decrease of 8.6
Slide 8: Economic FFO, NOI and Net Income 2017 vs 2016
2017 2016 Change Economic FFO 698 591 18 % Economic FFO adjusted for exchange rates 698 548 27 % NOI 1,966 1,971 ( 0.3 %) NOI adjusted for exchange rates 1,966 1,895 3.7 % Net income attributable to equity holders of the company 493 787 Adjusted Net Income ( 3 ) 438 393 ( 1 ) ( 1 ) (
Slide 9: Improvement of all Key Operational Parameters
Improvement of all Key Operational Parameters 3.6 % 2.5 % 1.0 % 6.4 % 9.2 % 2.6 % US- REG Canada - FCR Northern Europe Central & Eastern Europe Brazil Israel ( 1 ) Including 50 % of Kista , Excluding ISO Omena Same property NOI Growth in 2017 – 3.4 % High and stable occupancy rate i n all Regions –
Slide 10: Total Assets, Equity and Equity per Share
( 1 ) ( 1 ) As of December 31 , 2017 As of December 31, 2016 Total Assets 48,963 86,887 Total Equity 18,117 33,768 Equity Attributable to Equity Holders of the Company 9,936 8,158 Equity per share 51.4 41.7 EPRA NAV per share 59.6 56.5 Increase of approx. NIS 1.8 Billion in Shareholders ' equity Equ
Slide 11: Well Staggered Debt Maturity Schedule
1,296 1,511 1,179 996 870 1,049 1,200 489 944 1,117 12.2 % 14.2 % 11.1 % 9.4 % 8.2 % 9.8 % 11.3 % 4.6 % 8.9 % 10.5 % 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 0.0 500.0 1,000.0 1,500.0 2,000.0 2,500.0 3,000.0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 and after
Slide 12: High Liquidity = Financial Flexibility
56 % 44 % 12/31/2017 International Banks Local Banks (1) Cash and Unutilized credit facilities. Not including Liquidity in FCR amounting to NIS 1.4 B High Liquidity=Financial Flexibility 4.0 3.8 31/12/2017 NIS 7.8 Consolidated Subsidiaries 39 % 61 % 12/31/2016 Access to Global Sources US$ 1.5 US$ in
Slide 13: Thank you - Contact Information
Thank you Contact Information Adi Jemini EVP & CFO + 972.3.6948000 Doron Lavi Segelson Head of Investor Relations dlavi@gazitgroup.com + 972.3.6948037 G Tel Baruch , Tel Aviv, Israel