G City Ltd. · TASE:GCT
G City — Gazit-Globe — Q2 2016 Earnings Presentation
12 slides from G City's earnings presentation, Aug 23, 2016
Slide 1: The Evolution of a Global Retail Champion
1 LOC A TION LOC A TION LOC A TION THE EVOLUTION OF A GLOBAL RETAIL CHAMPION Gazit - Globe - Conference Call Presentation Q2 2016 Financial Results, August 23, 2016
Slide 2: Disclaimer
LOC A TION LOC A TION LOC A TION 2 Disclaimer 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
Slide 3: Presenters: CEO and CFO
LOC A TION LOC A TION LOC A TION 3 Rachel Lavine CEO Adi Jemini CFO
Slide 4: Financial Results for Q2 2016
LOC A TION LOC A TION LOC A TION 4 3 months ended June 30 (in NIS million except per share data) 6 5 Change % Property rental income 1 , 5 1 , 5 0. % NOI 1 , 0 1 , % NOI margin % 6 % - FFO 142 ( 12 ) FFO per share (NIS) 9 ( 2 ) Number of shares
Slide 5: Financial Results for H1 2016
LOC A TION LOC A TION LOC A TION 5 months ended June 30 (in NIS million except per share data) 6 5 Change % Property rental income 0. % NOI 2. % NOI margin 6 .4 % 6 % - FFO ( 1 ) FFO per share (NIS) ( 2 ) Number of shares used in ca
Slide 6: Operational Results – Q2/2016
6 LOC A TION LOC A TION LOC A TION 1,043 1,074 Q2/2015 Q2/2016 FFO Per Share FFO NIS millions NIS Based on Q 2 / 2015 FX rates, FFO decreased by 8 % Based on Q 2 / 2015 FX rates, FFO per share decreased by 16 % Rental Income NOI NIS millions NIS millions Operational Results – Q 2 / 2016 Based on Q 2
Slide 7: Resilient Assets with Stable Occupancy
7 LOC A TION LOC A TION LOC A TION 95.4 % 95.7 % Total (*) Excluding foreign exchange fluctuation. Resilient Assets with Stable Occupancy H 1 2016 Same Property NOI Growth (*) Regional Breakdown Regional Breakdown Total Operational Parameters ( 0.1 %) 1.10 % Total Ex-Russia 5.0 % ( 0.2 %) ( 1.1 %) (
Slide 8: Change in fair value of investment property
LOC A TION LOC A TION LOC A TION 8 Change in fair value (pre - tax, Consolidated ) Quarter ended June 30 2016 2015 145 320 399 198 56 (135) ( 24 ) (9) ( 4 ) (1) 572 373 Fair Value of Investment Property (NIS million)
Slide 9: Balance Sheet Highlights
LOC A TION LOC A TION LOC A TION 9 As of June 30 As of December 31 (in NIS million except per share data) Total Assets 85 , 800 84 , 236 Investment Properties & Development 77 , 071 74 , 019 Interest Bearing Debt, Net 42 , 773 41 , 962 Total Equity 33 , 205 30 , 995 Shareholder’s Equity 7
Slide 10: Liquidity and Financial Strength
LOC A TION LOC A TION LOC A TION 10 2.3 7.5 June 30, 2016 Liquidity Leverage at the company and its private subsidiaries Liquidity and Financial Strength NIS Billions Unencumbered Pool of Assets NIS Billions consolidated Subsidiaries 8 % of investment property 9.8 51.3 % 50.8 % December 31, 2015 J
Slide 11: Well Staggered Debt Maturity Schedule
11 LOC A TION LOC A TION LOC A TION Well Staggered Debt Maturity Schedule ( 1 ) 79 % 21 % 344 772 1 , 351 1 , 515 1 , 182 995 894 1 , 060 1 , 212 495 2 , 093 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 and After NIS Millions ( 1 ) As of 30 June 2016 . Comprises financial liabilities at th
Slide 12: Good Things Happen When You Own Good Real Estate
GOOD THINGS HAPPEN WHEN YOU OWN GOOD REAL ESTATE