G City Ltd. · TASE:GCT
G City — Gazit-Globe — FY2016 Earnings Presentation
12 slides from G City's earnings presentation, Mar 27, 2017
Slide 1: The Evolution of a Global Retail Champion: Q4 and Year-End 2016 Financial Results
LOC A TION LOC A TION LOC A TION THE EVOLUTION OF A GLOBAL RETAIL CHAMPION Q 4 and Year - End 2016 Financial Results – March 27 , 2016
Slide 2: Disclaimer
Page 2 LOC A TION LOC A TION LOC A TION DISCLAIMER 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, r
Slide 3: Presenters: Adi Jemini and Dor J. Segal
Page 3 LOC A TION LOC A TION LOC A TION Adi Jemini Executive Vice - President and CFO Dor J. Segal Executive Vice - Chairman and CEO
Slide 4: Business Strategy and Public Investments Share of Asset Value
Page 4 LOC A TION LOC A TION LOC A TION Gazit - Globe’s % of Asset Value Represented by Public Investments 75 % 31 / 12 / 2015 81 % 31 / 12 / 2016 BUSINESS STRATEGY Create value by owning and developing the best necessity - based retail in major urban markets globally, with a strategy that is increa
Slide 5: Financial Results for Year-End & Q4 2016
Page 5 LOC A TION LOC A TION LOC A TION FINANCIAL RESULTS FOR YEAR - END & Q 4 2016 Year ended December 31 3 months ended December 31 (in NIS millions except per share data) Change % Change % Property rental income NOI
Slide 6: FFO – 2016
Page 6 LOC A TION LOC A TION LOC A TION FFO – 2016 FFO per share – 2016 0.69 0.72 0.74 0.84 0.40 0.50 0.60 0.70 0.80 0.90 Q1/2016 Q2/2016 Q3/2016 Q4/2016 FFO per share NIS 135 142 144 165 100 110 120 130 140 150 160 170 Q1/2016 Q2/2016 Q3/2016 Q4/2016 FFO NIS millions FFO – 2016
Slide 7: Operational Parameters
Page 7 LOC A TION LOC A TION LOC A TION OPERATIONAL PARAMETERS 95.8 % 95.6 % Total 96.0 % 94.8 % 96.8 % 96.9 % 95.8 % 95.0 % 96.2 % 96.6 % USA Canada Northern Europe Central & Eastern Europe 31/12/2015 31/12/2016 (*) Excluding the effect of exchange rate fluctuations Resilient assets with stable occ
Slide 8: Fair Value of Investment Property
Page 8 LOC A TION LOC A TION LOC A TION FAIR VALUE OF INVESTMENT PROPERTY Change in fair value (pre - tax, consolidated) Year ended December 31 (NIS millions) 2016 2015 ( ) Total
Slide 9: Balance Sheet Highlights
Page 9 LOC A TION LOC A TION LOC A TION As of December 31 As of December 31 (in NIS million except per share data) Total Assets Investment Properties & Development Interest Bearing Debt, Net Total Equity Shareholder’s Equity
Slide 10: Liquidity and Financial Strength
Page 10 LOC A TION LOC A TION LOC A TION LIQUIDITY AND FINANCIAL STRENGTH 60.5 65.1 12/31/2015 12/31/2016 3.2 8.9 31/12/2016 Liquidity Unencumbered Pool of Assets Leverage NIS billions 51.3 % 50.1 % 12/31/2015 12/31/2016 USD billions NIS billions the company and its private subsidiaries consoli
Slide 11: Well Staggered Debt Maturity Schedule
Page 11 LOC A TION LOC A TION LOC A TION 77 % 23 % ( 1 ) As of 31 December 2016 . Comprises financial liabilities at the Gazit - Globe parent level and its private subsidiaries. Debt Breakdown Debenture Maturity Schedule Total Debt NIS 15.5 bn Debentures Financial Institutions WELL STAGGERED DEBT MA
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