G City Ltd. · TASE:GCT

G City — Gazit Horizons — Investor Day (March 2018)

20 slides from G City's investor day presentation, March 2018

  1. Slide 1: A new investment strategy for the United States

    A new investment strategy for the United States M A R C H 2 0 1 8

  2. Slide 2: Gazit Horizons Introduction

    INTRODUCTION GAZIT HORIZONS • Began operating May 2017 • Over 20 Years experience • Mission: Invest $2B-$3B USD acquiring, developing in 3-5 years in large and operating retail irreplaceable commercial properties in New York, Miami, Washington DC, assets and assemblages in Boston, and California maj

  3. Slide 3: The Retail News

    INTRODUCTION THE RETAIL NEWS 3

  4. Slide 4: The Real Story

    INTRODUCTION THE REAL STORY  Tenant demand  In-store retail sales still exists are still strong REVENUE GROWTH BY RETAILER TYPE CHANNEL BREAKDOWN One-Year Five Year Online +81% 9% of retail sales +37% + 7% +8% -2% +2% In Store VALUE BALANCED PREMIER 91% of RETAILERS RETAILERS RETAILERS retail sale

  5. Slide 5: Our Investment Strategy: Invest in urban locations

    INTRODUCTION OUR INVESTMENT STRATEGY 1. Invest in urban locations with an emphasis on size and mixed-use  Demand stronger in urban locations  Larger assets have more opportunity and flexibility POPULATION CHANGE IN LARGE CITIES 2012-2016 24-35 with a four year degree Total Population 0% 5% 10% 15%

  6. Slide 6: Our Investment Strategy: Maintain visibility in target markets

    INTRODUCTION OUR INVESTMENT STRATEGY 2. Maintain visibility and presence in our target markets: Miami, New York, Boston  Urban areas  higher incomes  better sales  stronger NOI growth Low Income Middle Income High Income Average Household Income Growth 2007-2016 $3,227 $12,624 $45,970 Change in

  7. Slide 7: Our Investment Strategy: Use our unique structure

    INTRODUCTION OUR INVESTMENT STRATEGY 3. Use our unique structure to focus on the right assets Gazit Horizons  A smaller $ $70,000 3-MILE MEDIAN 15,800 HOUSEHOLDS PER 906,000 AVG. 3-MLE company allows HH INCOME SQUARE MILE POPULATION for faster decision Federal Realty making and closer $ $83,500 3-M

  8. Slide 8: Our Investment Strategy: Employ capital as a competitive advantage

    INTRODUCTION OUR INVESTMENT STRATEGY 4. Employ capital as a competitive advantage  The spread between cap rates and treasury rates is consistent with historical norms HISTORICAL RETAIL CAP RATES COMPARED 10-YEAR TREASURY RATES 3.1 TO U.S. TREASURIES 10.00% 2.9 10-Year Treasury Yields Avg. Primary M

  9. Slide 9: Portfolio

    GZ) FE PORTFOLIO

  10. Slide 10: 41 Winter Street, Boston

    PORTFOLIO 41 WINTER STREET BOSTON, MA Mixed Use | $24.8 | 32,000 SF | 94% Occ. N 10

  11. Slide 11: 41 Winter Street demographics

    PORTFOLIO 41 WINTER STREET BOSTON, MA 61,712 $ $133,572 100,000+ 329,826 74% 1-MLE 1-MILE AVG. DAILY PEDESTRIAN 1-MILE BACHELOR’S/ POPULATION HH INCOME TRAFFIC EMPLOYEES GRAD DEGREE 11

  12. Slide 12: Brickell Gateway, Miami

    PORTFOLIO BRICKELL GATEWAY MIAMI, FL Redevelopment | $29.45 | 45,000 SF | 5% Occ. 12

  13. Slide 13: Brickell Gateway Downtown Miami

    PORTFOLIO AMERICAN AIRLINES ARENA BRICKELL GATEWAY MIAMI, FL . DOWNTOWN MIAMI BRICKELL THE UNDERLINE 70,619 $ $85,015 2.4% 72,771 52% 1-MLE 1-MILE AVG. ANNUAL INC. 1-MILE BACHELOR’S/ POPULATION HH INCOME GROWTH EMPLOYEES GRAD DEGREE 13

  14. Slide 14: Brickell Gateway Proposed Rendering

    PORTFOLIO BRICKELL GATEWAY MIAMI, FL . 14 Proposed Rendering

  15. Slide 15: Bridge Tower, New York

    PORTFOLIO BRIDGE TOWER NEW YORK, NY Retail Condo | $73.25 | 92,000 SF | 100% Occ. 15

  16. Slide 16: Bridge Tower demographics

    PORTFOLIO BRIDGE TOWER NEW YORK, NY 174,863 $ $178,765 2.8% 572,893 79% 1-MLE 1-MILE AVG. ANNUAL INC. 1-MILE BACHELOR’S/ POPULATION HH INCOME GROWTH EMPLOYEES GRAD DEGREE 16

  17. Slide 17: Bridge Tower

    PORTFOLIO BRIDGE TOWER NEW YORK, NY 17

  18. Slide 18: Going Forward

    GA ZU ‘FT GOING FORWARD 18

  19. Slide 19: Representative Pipeline

    GOING FORWARD REPRESENTATIVE PIPELINE Fifth Avenue – New York, NY Multilevel Retail – Boston, MA Waterfront Retail – Brooklyn, NY Shopping Center – Brooklyn, NY 19 * Forecast, subject to market conditions and investment opportunities.

  20. Slide 20: Thank You!

    THANK YOU! Contact Information Jeff Mooallem Doron Lavi Segelson President & CEO, Gazit Horizons Head of Investor Relations, Gazit Globe [email protected] [email protected] +972.3.6948037

Gazit Horizons — Investor Day (March 2018) on 6ix