Gav-yam Lands Corp. Ltd · TASE:GVYM
Gav-yam Lands — Q1 2025 Earnings Presentation
34 slides from Gav-yam Lands's earnings presentation, Mar 31, 2025
Slide 1: Presentation for the Capital Market Summary Q1 2025
Presentation for the Capital Market Summary Q1 2025
Slide 2: Data in summary Q1 2025
Data in summary Q1 2025 Quarterly summary data revenue from leased property NOI NOI for real increase in rent and management fees shareholders 208 179 ILS 143 ILS million 6.6 % Company Company data ILS million million data FFO for shareholders per same property NOI increase avg. duration of lease ag
Slide 3: Data in summary Q1 2025
Data in summary Q1 2025 Quarterly summary data net financial debt weighted avg. effective interest, income-generating properties index-linked 8,256 1.9 % 6.7 % weighted rate of Company Company data ILS million return to value of data liquid assets non-pledged properties credit facility Projects Proj
Slide 4: Data in summary – NOI Q1 2025 (ILS millions)
Data in summary – NOI Q1 2025 (ILS millions) Quarterly summary data *740-760 NOI 657 692 2025 Company Company data *595-615 forecast 2024 data 1-3.2025 1-3.2024 % change 2023 533 553 2025 forecast 179 169 6% Projects Projects under NOI 2023 2024 underdevelopment NOI FOR SHAREHOLDERS 143 135 6% devel
Slide 5: Data in summary – FFO for shareholders
Data in summary – FFO for shareholders Q1 2025 (ILS millions) Quarterly summary data 415-425 * FFO per management approach Company Company data 2025 407 forecast data 1-3.2025 1-3.2024 % change Per management 104 101 3% 401 Projects Projects under approach 2024 underdevelopment Per Israel Securities
Slide 6: Real increase in rent Q1 2025
Real increase in rent Q1 2025 Quarterly summary data In the first 3 months of 2025 the company executed 55 lease agreements, with respect to an aboveground area of 41,000 m2 generating ILS 35 per annum, with a real increase of 6.6% Renewal contracts 7% Options exercised Company Company data real inc
Slide 7: Company data
Company data ie yn
Slide 8: Cities nationwide and occupancy rate
Haifa Quarterly Quarterly summary Afula Tirat Carmel 19 summarydata Caesarea data Herzliya Raanana Company data Tel Aviv high-tech, h-tech, logistics logisti and iindustry parks Holon 96 16 Projects Projects under Beer Yaakov Lod underdevelopment Rehovot development Ness Ziona % Yavne Modiin Jerusal
Slide 9: Home to the world’s largest companies
Quarterly Quarterly summary summarydata data Company data Projects under Projects underdevelopment development Residential Residential Financial Financial data data 9 Home to the world’s largest companies
Slide 10: Distribution of investment real estate value
Distribution of investment real estate value Quarterly Quarterly summary Income-generating real estate summarydata 12,021 * data ILS million Real estate under construction Investment real estate value 2,920 as of 31 March 2025 Company data ILS million ILS 15,614 million 19% Projects Projects under 7
Slide 11: Income-generating property value
Income-generating Quarterly Quarterly summary property value summarydata data 6.7% rate of return 1.2 million m2 Company data 76% high-tech high-t ch parks and offices 19% logistics Projects Projects under and industrial underdevelopment development ILS 12,021 * Residential Residential 5% Financial
Slide 12: Sustainability
Quarterly Quarterly summary Sustainability summarydata data Gav-Yam initiates and establishes projects under the LEED rating system, combining Company data innovative environmental solutions for energy and water conservation, pursuant to green construction standards Projects Projects under underdeve
Slide 13: LEED rating system projects
Quarterly Quarterly summary summarydata data Company data Projects under Projects underdevelopment development Residential Residential Financial Financial data data 13 Gav-Yam Raanana TOHA two LEED rating system projects Gav-Yam Negev Park TOHA Matam East Towers Gav-Yam O2 Gav-Yam Hebrew Campus #1,2
Slide 14: Projects under development Q1 2025
Projects under development Q1 2025
Slide 15: Projects under development
Projects under development Approximately 360,000 m2 consolidated Quarterly Quarterly summary summarydata Company data Company data data Gav-Yam O2 Gav-Yam Park Rehovot #5 Matam East Towers #3 Gav-Yam Hebrew Campus #1,2 Projects under development 59,000 m2 100% marketed 28,000 m2 100% marketed 43,000
Slide 16: Projects under development consolidated
Projects under development consolidated Quarterly Quarterly summary Annual Rate of Revenue for Construction Costs balance representative marketed marketed Project name Aboveground Parking Total Holding rate Total costs as of 31 Dec Completion date leasing revenue aboveground aboveground (including l
Slide 17: Planned projects total 70,000 m2
Planned projects total 70,000 m2 Quarterly Quarterly summary summarydata Company data Company data data Projects under development Gav-Yam Rehovot #6 Gav-Yam Negev #6 Matam Center #1 15,000 m2 aboveground 17,000 m2 aboveground 16,000 m2 aboveground Residential Residential 10,000 m2 parking 10,000 m2
Slide 18: Residential Q1 2025
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Slide 19: Gav-Yam Residential
Gav-Yam Residential Quarterly Quarterly summary summarydata Company data Company data Ramat Verber, Petach Tikvah urban renewal Herzliya North ToHa, Tel Aviv Dafna, Tel Aviv urban renewal Projectsdata Projects under underdevelopment development Lot 8001, Haifa Acre Beer Sheva Holon Residential Finan
Slide 20: Residential projects
Residential projects Quarterly Quarterly summary Status Project name Units (company’s share) summarydata Urban renewal – 102 construction and Tel Aviv – Dafna – complex 505* (incl. 21 rental units) marketing: data Tel Aviv – Dafna – complex 501* 171 (incl. 35 rental units) Tel Aviv – Dafna – complex
Slide 21: Residential projects – expected start of development
Residential projects Quarterly Quarterly summary Expected start of development summarydata data Under construction Short term (1-3 years) Long term (4 years +) Complex 505 – Dafna Complex 501 – Dafna Kiryat Yam #1+#2 Company data Company Herzliya North #1 Holon (parcel 21) data Kiryat Ono #2 Old Reh
Slide 22: Financial data
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Slide 23: Financial results Q1 2025 (ILS millions)
Financial results Q1 2025 (ILS millions) Quarterly Quarterly summary Q1 2024 Q1 2025 summarydata 208 195 data 179 169 172 169 165 166 Company data Company data 104 Projects under Projects 101 87 84 underdevelopment 69 Residential Residential development )9( Financial data FFO for shareholders FFO fo
Slide 24: Growth in NOI
Growth in NOI Quarterly Quarterly summary (ILS millions) summarydata Company data Company data *740-760 692 657 data *595-615 555 553 533 516 522 Projects under Projects 459 427 432 underdevelopment development 169 179 135 143 Residential Residential 2020 2021 2022 2023 2024 2025 1-3.2024 1-3.2025 )
Slide 25: Growth in FFO for shareholders
Growth in FFO for shareholders Quarterly Quarterly summary summarydata (Per management approach (ILS millions Company data Company data data *415-425 401 407 Projects under Projects 313 underdevelopment development 253 240 Residential Residential 101 104 Financial data 2020 2021 2022 2023 2024 2025
Slide 26: Shareholder equity and dividends
Shareholder equity and dividends Quarterly Quarterly summary summarydata (ILS millions) Company data Company data 4,515 4,620 4,205 data 3,976 3,611 Projects under Projects underdevelopment 2,774 Residential Residential development 570 260 275 305 Financial data 200 65 31.12.2020 31.12.2021 31.12.20
Slide 27: Financial strength
Financial strength Quarterly Quarterly summary Weighted capitalization rate 7.38% summarydata Weighted effective interest data 6.95% 6.76% Company data Company 6.65% 6.58% spread from weighted data cost of debt 2.47% 6.30% 4.8 Projects under Projects % underdevelopment development spread from margin
Slide 28: Financial debt
Financial debt Quarterly Quarterly summary summarydata Gross financial debt data 8,901 Company data Company ILS million data weighted avg. effective 76% Projects under Projects interest, index-linked 24% underdevelopment 1.9 fixed ILS development % ILS 2,131 million Residential Residential average d
Slide 29: Debt principal repayment schedule
Quarterly Quarterly summary summarydata data Company Company data data Projects Projects under underdevelopment development Residential Residential Financial data 29 2035 repayment schedule 78 2034 342 Debt principal 589 2033 2032 589 (ILS millions) 589 2031 2030 855 2029 855 1,123 2028 1,210 2027 1
Slide 30: Financial data (ILS millions)
Financial data (ILS millions) Quarterly Quarterly summary summarydata Consolidated 1-3/2025 1-3/2024 [% change] data NOI 179 169 6 Same Property NOI 172 166 4 Company data Company Fair value increase of investment real estate 165 (9) - data Financing costs, net* 47 35 34 Projects under Projects Tax
Slide 31: Financial data (ILS millions)
Financial data (ILS millions) Quarterly Quarterly summary summarydata *Shareholder share 1-3/2025 1-3/2024 [% change] data NOI 143 135 6 Same Property NOI 136 132 3 Company data Company Fair value increase of investment real estate 126 (9) - data Financing costs, net 43 32 34 Projects under Projects
Slide 32: Financial data (ILS millions)
Financial data (ILS millions) Quarterly Quarterly summary Consolidated 31/03/2025 31/12/2024 summarydata Liquid assets 645 757 data Fair value of investment real estate of which 15,614 15,246 Real estate under construction 2,920 2,574 Company data Company Land 673 663 Income-generating real estate 1
Slide 33: Financial data (ILS millions)
Financial data (ILS millions) Quarterly Quarterly summary summarydata *Shareholder share 31/03/2025 31/12/2024 data Liquid assets 537 661 Fair value of investment real estate of which: 13,194 12,880 Company data Company Real estate under construction 2,792 2,463 Land 525 513 data Income-generating r
Slide 34: Forward-looking information
ה Forward-looking information current state of company’s areas of activity, This presentation includes forecasts, fields of activity, and macroeconomic facts and assessments, estimates and other information data, all as known to the company at the time of relating to future events and matters, whe