G City Ltd. · TASE:GCT

G City — Gazit-Globe — Q2 2016 Earnings Presentation

12 slides from G City's earnings presentation, Aug 23, 2016

  1. 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

  2. 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

  3. Slide 3: Presenters: CEO and CFO

    LOC A TION LOC A TION LOC A TION 3 Rachel Lavine CEO Adi  Jemini CFO

  4. 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

  5. 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

  6. 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

  7. 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 %) (

  8. 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)

  9. 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

  10. 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

  11. 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

  12. Slide 12: Good Things Happen When You Own Good Real Estate

    GOOD THINGS HAPPEN WHEN YOU OWN GOOD REAL ESTATE

Gazit-Globe — Q2 2016 Earnings Presentation on 6ix